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IS.ji: 4-1949
MONDAY
167
Number 4701
New
York, N. Y., Monday, May 24, 1948
Price 75 Cents
Copy
a
General Corporation land Investment News
p
RAILROAD
Y'1''■#
I'-'.'Y
%
PUBLIC UTILITY
-
$4,000,000
from
plans
company
shares
in
the
to
purchase
market
open
amounts
in
of
some
and
its
1,477,187 common
such times and prices
at
management determines, George P. Healy, Treasurer, announced
on May 14.
The company has not purchased its own shares for many
years.
On
March 31,
it held $8,000,000 in cash and government
bonds,
equal
to
about
Air Reduction
i'
-
20%.
of
its
$40,027,558
assets.—V.
167,
less disct.,
4;"-
Operating expenses
Provision for depreciation—
V *V\
.'*/■«'r,
operating
Y,
1948
returns, etc. $22,215,771
18,988,183
1947
938,997
'»
t
-
■
lncome44—.J_-i>^«
"*•
14,374,483
788,920
■ "I
J.
.i.
"
682,614
r.
'
■
■
of
$50,000
$2,090,935
373,968
155,921
$2,479,229
$2,464,903
$1,480,849
—„
$1,324,928
foreign
inc.
Net income
4-"standing
'
—
(no
164,869
171,769
872,041
522,355
Aireon
U\;,
of
2,736.856
2,736,856
2,736,856
$0.50
;,$0.52
$0.29
will
the
to
Federal
held June
be
vw-
has
company
been
Court
ordered
by
to
May
31.
plan
hearing onh
A
1948. '
request
a
by
creditor, the
166, p. 2305.
the
trustee
to
•*
Corp.,
*»'••.
'
;i
the'
opposed
'
,,
-
,
-
■fj Airline Foods Corp.—rTo Extend Tea Sales—
19 The
W,;
corporation r recently
Garden
41
*
Co.,
Inc.,
the
creasing
extend
New
York
production,
distribution
announced
of
City,
it
packer
stated
was
Mission
that
Garden
it
of
has
tea.
that
been
EARNINGS
♦Net
profit
FOR
shares
Earnings
per
MONTHS
—:
—
Common
—V.
THEE
In
addition
Foods
167,
to
in¬
plans
to
2025.
p.
ENDED
MARCH
counts
services,
increased
in
increase
increased
pany.
from
selected
7,500
is
Bank
to
the
five
and
broadcast
key stations owned by
*
\
1 '
radio
broadcast
their
four
nationwide
broadcasting stations.
programs
lock!
own
the
of
one
the
'
supplied
In
programs
the
by
program
carrying
the
electrically
stations
general,
company's
the
•'
if
but;
and
frequently
the
is
program
$0.97
tracts.
The
individual
tiser,
Private Loan—The
or
non-affiliated
cost
to
network
the
less
sponsor,
organizations.
advertiser
station rates
quantity
com¬
of
-
the
sold
so
stations
discounts
and
is
the
ordered
of
sum
the
Proceeds
.
The loan
built
ment
is
The
within
by
the
a
past
stock
common
net
will
proceeds
be
notes, $4,971,000, or
$4,000,000" will be used
14,
1949
the
aggregate
an
of
and
prepay^ the
Trust
Co.
of
Of
sale
such
2ya%
York
of
the
from
company's
New
sale
and
corporate
*$807,500 from
the
The
purposes.
recent
euch
purposes,
M \
The company ' hew
Which contemplates
sale
of
station
'
r
net
proceeds
WOOD
of
of
k>
amount
also
are
available
cilities
EFFECT
<
,
4%
promissory notes, due May
Capital
stock
HISTORY
;
March
9,
which
(par
AND
was
1943
1,
TO
PRESENT
Authorized
I960
$1)—
-Davies
$5,000,000
.
name
was
,
,
of
In
to
incorporated
in
Delaware
other
July
the Federal Communications
ownership by one person of more than
1943 Radio Corp. of America (to which
load
30,
been
transferred
Edward
J.
distributed
it
.
to
Blue
as
a
dividend
Network
in
Co., Inc.)
kind
and
entered
one
network.
the
which
into
a
Noble
nominal
400,000
capitalization.
shares.of its capital
The
stock
company
then
Blue
Rhoades
A.
E.
Masten
McDonald
&
Co
2,000
& Co.__:
9,000
2,500
McDonald-Moore
2,000
•
&
7,500
Laurence M. Marks & Co., 12,500
Mason-Hggan, Inc.3,000
Mead, Miller & Co
Merrill, Turben & Co..
3,000
&
Co
1,500
5,000
1,500
2.000
7,000
5,000
5,000
2,50o;
Pacific- Northwest
H. O, Peet & Co
2,50o
Piper, Jaffray & Hopwood
3,000
Putnam & Co.___2_—5,000
Q '2,000
Ram bo,*
Inc.
7,000
Close
'
4,000
Reinholdt
Ss
&:Kerner';.r,;
Gardner
9,000
Riter & Co,
2,500
i
Robinson,
1,500
Rohrbaugh &
Lukens
2,000
2,000
Ewing & Co
Fahey, Clark & Co
1,500
11,000
5,000
9,000
Tbe Robinson-Humphrey
Co.
6,000
C.
2,500
2,500
—,
Rauscher, Pierce & Co. Inc,
Dittmar & Co
Allen
4,000
*
Minsch, Monell & Co._____
Moore, Leonard & Lynch
Maynard H. Murch & Co.
Newhard, Cook & Co.—
The Ohio Company,—
E.
5,000
4,000
Russ
l,50o
Schoellkopf, Hutton &
H.
1,500
Rollins
& Sons Inc.-
Wm. C. Roney & Co
&.< Co
2,500
3,000
8,000
Shuman
3,000
7,000
—
Inc.,——
Schwabacher
5,000
25,000
—
—
Pomeroy,
&
7,000
Co——
12,500
8,000
Agnew & Co
h
5,000
Singer, Deans & Scribner—.
fWilliam R. Staats Co.——..
3,000
5,000
1,500
Stein Bros. 85 Boyce--^.—
7,000
3,000
Stern Brothers Ss Co.
Hayden, Miller & Co
Henry Herrman & Co
5,000
Stern,
2,000
Straus
3,000
—.
Frank & Meyer
2,000
.
&
,5,000
Blosser—5,000
Stroyd & Co., Inc.---.--—. 6,000
Janney & Co.—,
—_i
Jenks, Kirkland & Co
Johnson, Lane, Space and
Co., Inc.
74.00o
Sutro
Johnston, Lemon & Co
10,000
2,500
Hill
Richards
Co
&
4,000
Co.
4,000
,
H.
Jones
C.
& Co.—
Co.,-
Jones &
&
CONSOLIDATED
of
,
Chas.
after
Prov.
Co
INCOME
discts.
for
and
doubtful
income..
STATEMENT
FOR
4,000
CALENDAR
-Y -1947
1946
rebates $35,955,004 $32,828,575
accounts.
deductions
•'• 1945
$30,688,247
23,109.549
4,334,062
3,304,674
22,582,060
4,021,342
3,100,548
4,000
$2,076,290
$980,297
19,840
8,153
$2,600,085
——
4,000
$2,591,936
8", 149
$2,096,130
$988,450
148,529
106,120
85,012
930,800
747,833
•689,999
$1,520,756
$1,242,177
$213,439
frem^Jncome.-—
Federal
YEARS
28,328
4.
*
income—:
for
5,000
2,500
25,000
Yarnall & Co.-
—f 25,152,264
to
advertising agencies—
4,638,226
gen. and
adm.
exps.—
3,544,250
Total
Other
&
Dean Witter & Co
sales-—
Provisions
Other
l,50o
White
B.
-
sales
Cost
8,000
•
4,500
7
Net
Co.—
Common, Dann &'
-
Watling, Lerchen & Co._*
4,000
Co., Inc
&
Vietor,
incomeiaxe
,
.
37
t
Loss
on
sale
of
treasury
x
stock-
•9,650
$1,520,756
$1,232,527
surplus at begin, of.period.
2,072,607
840,080
$213,439
626,641
Earned surplus at end of period—
$3,593,363
$2,072,607
$840,080
Earned
.
had
in
sold
to
Mr.
& investment News-Cove**
State and City Bond'
Offerings
i„58
Redemption Calls and Sinking Fund Notices,,48
Foreign Exchange- Rates
i.
45
Combined Condition Statement of Federal
Y
"'
Reserve Banks
~45
V Condition Statement of
Member Banks of
Network
contract
•Including
The
On
turn
with
Federal Reserve System
Capital Flotation for April, 1948
48
3
excess
profits tax
of $467,099.—V.
167, p.
2129.
St. Louis Listed and Unlisted Securities
Edward d. Jones & Co.
Established
•Z
i--i'
''•
'
.V
.
'
•
v
•
"
;
i
Members
•
•
.
■
•
;•
.•
,
Stock Exchange
h
,
.
.h
Chicago Bd. of.Trade "«•.
New York Curb Exchange Associate 4.'....
l*
1
,
y....
..,
New York Stock Exchange
Chicago Stock Exch.
~^''Y:*99.1
,
•
1871 ,:•'
300 North 4th St., St. Lopis 2, Missouri
St. Louis
Noble
(par $10),. for $4,000,000 4ri'cashwnd obtained the balance of the
purchase price from banks by issuing
Loeb,
__46
Course of Bank Clearings,,,,—__„____47
Y Dividends Declared and Payable,—
,,,48
providing for the sale of, all of the stock of Blue
Network Co., Inc. for $8,000,000.
Mr. Noble assigned his interest in
the contract to the
company which was then an inactive corporation
with
41
42
■
;;
prior to the adoption
Commission prohibiting
In effect the
M.
General Corporation
:
network
regulations of
"
Exchange
Exchange
Stock
5,000
3,000
9 Co.
40
Miscellaneous Features
of'American
its
Exchange,^
2,500
Co._„_„
&
Bissell & Meeds
1,689,017 shs.
American
addition
Kidder
M.
Carl
'
-2,50o
Mejia^
Doolittle & Co
40
Exchange
No. of
Shares
4,000 L
Co—
Francis I. du Pont & Co.
Clement A. Evans & CO.,
Comm.
$5 000,000
-
,
Network"
severally
.
Selling,
Over-the-counter Markets^,Ji
Transactions New York Stock Exchange
Outstanding. "
'
.
"Blue
38
Transactions New York Curb Exchange
—37
Stock and, Bond Averages„,,,,^-wrf,ii-„,,-^37
Broadcasting System, Inc:,
Broadcasting Co., Inc. in October'
1944.
In
October, 1943 it acquired all of the outstanding capital stock
•of Blue Network Co., Inc., which had
been incorporated in
January,
1942, and on Dec. 30, 1944 such subsidiary was
merged into the com¬
pany. '
•
«
•
"vv-y-yt
;>
In
1927
National
Broadcasting Co., Inc. organized the so-called
to
38
—--39
Exchange
underwriters and
agreed to purchase
"
A.
Co.__2,00Qr'
Chapman &
Co
&
38
Exchange
,,43
Toronto Stock Exchange—Curb Section,—
45
fa¬
Securities
principal
Laird,
Co.____
Sons__i___
Crouter As Bodlne
40
Curb
the
procure in
York Stock
Kay, Richards & Co
7,000
-
.Paul H. Davis & Co
DeHaven & Townsend,
40
Toronto
~i
to
New
v:' :'
50,000
•Curtiss, House & Co.
Philadelphia Stock Exchange
Pittsburghi Stock Exchange,.-.:,,^
Montreal
FINANCING
2,500,000 shs.
BUSINESS—Company
under the
changed
Exchange,,^
Cleveland Stock Exchange
Montreal Stock
for
program
"
the
v-
Shares
;
•
.
Co.__^
Collin, Norton
Kalman
Stock
has
Clark & Co.—• 6.000
Courts &
T.
San Francisco
.
GIVING
W.
St. Louis Stock
$.
intially required for television operations in New
York, Los
Angeles, Chicago, San Francisco and Detroit.
Technological changes
and
developments In television
broadcasting may also require addi; iional capital expenditures.
♦
v
CAPITALIZATION
each
2,50o
Wilbdr
Robert
K
"
on
under
the
of
2,000*
1,500;;
37
Stock
,
for
&
&
Brown
37
37
J Detroit Stock Exchange,,
Los Angeles Stock Exchange
due
approximately
tentative capital' expenditure expenditures of approximately $5,325,000
28
Exchange
Stock
Stock
Cincinnati
Commercial
has : $
Blair
Bradford &
Chicago Stock Exchange,,,
ing to approximately $4,901,000, will be added to the
company's general
lunds and will be available for
capital expenditures, working capital
other
C.
Exchange..
Exchange,
Boston
National Bank & Trust Co. of New York hold
$3,000,000 and $1,000,000
of such notes,
respectively). The balance of such net proceeds, amount¬
and
Curb
stock
Hamlin & Lunt
33
York
"
Co., New York,
Commercial National
\
7-Richard W. Clarke & Co.—
"
17
Baltimore
.
the
notes,
which
.
■"
E.
Quotations
New
announced
the
$8,901,000.
to
(Bankers
from
company
approximately $3,930,000
the
Oct.
to
shares
:
Hallowell, Sulzberger & Co.
Stock Exchange (Stocks)
New York Stock Exchange (Bonds)
advertisers
Trust
and
its test efforts
use
thereoi
names
'
Chaplin & Co.„^
company
New York
May 21, has sold privately to an institutional investor
through Dillon, Read & Co. Inc. $5,000,000 4%
promis¬
sory notes, due May 1, 1960, at 100%
plus interest.
PURPOSE—The
of
follows:
J.
page
vestment bankers that offered May 17 500,000 shares of
common stock (par
$1) at $9 per share.
was
registration
Folger, Nolan Inc..
Fridley & Hess,,
Goodbody & Co..
■
largest
•
Granbery, Marache & Co.,
Stock and Bond
three
registrar.
common
Brush, .Slocumb & Co.^iv
C. F. Cassell & Co., Inc._w4
first preferred mortgage on floating
equip¬
10 years.—V. 166, p. 2553.
Privately—Company, it
its
of
&
Alex.
In This Issue
-American Broadcasting Co., Inc.—Common
Stock Of¬
fered—Dillon, Read & Co. Inc. headed a group of in¬
Sale of Notes
is
First Southwest Co
to pay $2,115,000 unsecured notes held
by Chase
$1,000,000 for additional equipment.
and
secured
York
agreed to
Farwell, Chapman & Co.—
Fausct, Steele & Co
used
were
National Bank
listing
.Jvuv.;
J.
by the adver¬
rebates.
The
clock
common
New
of
the
and
number
William
Y. *
-
the
Co.„_____
4,000
Ball, Bulge & Kraus___
8,500
Barrow, Leary & Co
2,000
Bateman, Eichler & Co.>3?. 5,000
Bear, Stearns & Co.^l
-j, 11,000
9"?i 9:9
time
of
network
5.1%i respectively, of such sales.
'path4,000
recently sold to Prudential Life Insurance Co. of
America $3,115,000 31/2% loan
payable serially Feb. 1,
:
Co.
the
1934.
Bache
pany,
1949-1958.
for
AHyn & Co. Inc.-i
Auchincioss, Parker & Red-
of
The company's principal source of revenue is from the sale
of the
facilities of the network to advertisers under network facilities con¬
from
and
A. c.
transcribed
chased
250,416
specified
approximately 60
-
played back for a later broadcast by -some of the
differences or other factors make it advantageous to
the company's important programs are transcribed
time
effect
advertisers.
Dillon, Read & Co. Inc.
net¬
telephone companies. A net¬
simultaneously by all the stations
specified and
No. of
also
a^d local
Co.
broadcast
be
can
program,
Certain
so.
of
are .as
programs originate in
Newyfork, Los Ahgeles and Chicago, and
transmitted to the other statrons on the network over a
system of
telephone lines which are rented at prescribed rates from American
Telegraph
13
UNDERWRITERS—The
of
and
company
in
were
AGENT—REGISTRAR—Bankers
Trust
Exchange
are
and
&
with
7.9%, 5.3%
agent
course
Act
affiliated stations
The
time
:
com¬
networks
the
at
i
affili¬
252
to
-
operates
company
there
LISTING—Company has
due
watts to 50,000 watts.
The company's
has also been
extended
and
improved
the company's network had increased
.•■affiliated standard
do
transfer
■'''
Network
7
,v
The
for
TRANSFER
the
addition
stations
covering the programs of 48 advertisers. Approxi¬
of the company's network time sales, after quantity dis¬
rebates, during the 52: weeks ended Dec. 31, 1947 were
contracts
accounted
number of affiliated stations and through
improved frequency or both of affiliated stations,
changes of affiliated stations in individual cities.
By
1947
such
contracts
and
under
or
in
program to
Angeles
markets
in
power
through
or
Los
1948
31,
4
...
—
facilities
mately 50%
prior to broadcasting and the transcriptions are used for the actual
broadcast. The transcriptions required
by the company in connection
its operations are produced
by it principally but some are pur¬
163, p. 2573.
American Barge Line Co.
tor
$242,054
/
share—
claims
offers the
9 As of Dec. 31, 1947
with
——
outstanding
his
of
.
Allied Products Corp.—Earnings—
:;
settlement
Blue
of
KECA
position
work
Mission
acquired
Airline
tea.—V.
in
turn
stations.
work
.vh--.V
Reconstruction" Finance
extension.—V.
V..
V"*'.-
acquisition
station
Telephone
/•
MISCELLANEOUS
-
pays to the stations accepting ihe program the compensation
in the company's affiliation
agreements with the
the
the
receive
followed
individual
an
through
a
22.
The
chief
submit
in
Co., Inc., it held
and operated stations WJZ New
York, WENR Chicago and
Francisco, and had affiliation agreements with 162 additional
December 31,
ated stations
...
this
reorganization
The
v
__
setting of the dates
attend the filing to Aug.
20,
...
$786,725
Manufacturing Corp,—Trustee to Submit Plan
trustee
4 the plan
$1,427,993
——„.
Earnings per share
167, p; 937.
/
The
$1,378,170
out-
par)—.———
—V,
of
stock
common
obtained
were
Co., Inc., the company has
and, by acquisition of its subsidi¬
ary WXYZ, inc. (formerly King-Trendle
Broadcasting Corp.) station
WXYZ Detroit.
In addition, the power of station KGO San Francisco
has
No. of shares of
approvals
necessary
In
for
KGO San
acquired
887,179
taxes
the
1943.
stations.
213,880
„—
to
14,
and services,
and in connection with the sale entered into an
agreement to continue this arrangement.
The original agreement has
been modified In certain respects and now
expires March 31, 1952.
At
the time of the acquisition of Blue Network
Since
Total income
Interest expense
Prov. for Fed. &
After
Communications
Commission, the sale was consum¬
May, 1946, each outstanding share
of
capital stock (par $10)
was
reclassified
and
changed into two
shares
of common
stock (par $1).
In December,
1946 the company
issued 5,000 shares, of common stock
(par $1) at an assigned value
licenses
■■
$2,288,591'
.
,190.638
Other Income (less income
charges)
notes.
October
ment
1946
$19,867,609 $16,382,025
16,987,754
its
of
Federal
on
including claims in connection with the acquisition of the Blue Network
Co., Inc. (80% of the assigned value was charged to intangibles and
20% was charged to general administrative
expense).
National Broadcasting
Co., Inc. had been furnishing to Blue Net¬
work Co., Inc. the use
of office space, broadcasting studios, equip¬
Co., Inc.—Earnings—
3 Months Ended March 31—
Net
net
(Including wholly-owned subsidiaries)
;;
,
Gross sales,
.
of
:
p. $37.
the
mated
the
as
INSURANCE
-
''9
A'A'.A;
Adams Express Co.—To Buy Own Stock—
The
INDUSTRIAL
-
'
r
'•
'•
•
Phone
CEntral 7600
Teletype
SL 592
2
Telephone service between the United States and the Anglo-Egyptian
tSudan opened May 15. The new C,850-mile communications link will
be provided by means of short wave radiotelephone between New .York
$nd Cairo and'thence by, lAnd lines between Cairo aid Khartoum in
the Sudan/.
1
•
>
•
M *
•
.
'•
*'
',
stated that if the com¬
pany's business continues to run ahead of last year, he would -recom¬
mend to the board an increase in the present quarterly dividend rate
of 35 cents a share on the common stock.
' '
\
■r
First quarter earnings this year were well ahead of those in the
same period last year, Mr. Wheeler said.
The company reports semi¬
annually. Earnings in first six months of 1947 amounted to approxi¬
mately'$1,800,000, or $1.61 a common share.
,
1
v- The company's backlog was termed substantial by Mr. Wheeler, who
added that production was limited by availability of steel supplies.—
V. 166, p. 1250.
'
'
- '
P.
President,
Wheeler,
May
on
5
,
Earnings for
Period
End. Mar. 31—
first
months
three
ciates^ and placed mainly with directors and the balance
locally.
1
1
k
'
y;1't\
« \
-
.
CONVERSION
,
,
and
march
their
,87,578
191,917
57,717
105,003
of
Operating revenues,, $20,461,714 $19,094,438 $57,590,248 $55,347,103
Operating expenses-.-—
13,639,714
12,237,030
39,034,196
35,816,472
Operating taxes
3,141,422
3,431,273
8,747,321 H 9,876,534
Debentures—The
company on Feb. 26, 1948 sold an additional $500,000 10year subordinated debentures, increasing the outstand¬
ing amount to $1,000,000. Proceeds were added to work¬
Ga.—Sells
Net
$3,680,765
_
2129.
167, p
44,772,007
$9,654,097
48,281,789; 48,035,163
$3,426,135
46,758,355
income..—
oper,
after charges
Net
$9,808,731
:
h
Inc.—Earnings-
Net
Net
333,879
$0.12
;—____—
shares
common
share—
per
♦Loss.
$42,158
$0.21
—
profit
Earned
*
$71,853
1943
taxes
of
No.
$119,733
47,880
333,879
taxes--—.
before
Income
'
't
'profit
♦Net
"$6,699
*$6,699
'
The
Nil
,
.
$50,336
$24,475
estimated Federal
including
expenses
166,
"
taxes
on
company
18,
June
on
will
next,
First National 'Bank of Chicago,
The
redeem
of
shares
20,000
its
:
redemption agent, 38 So. Dear¬
and
to
preferred stock is convertible into common stock up
17, 1948 at $22 per share.—V. 167, p. 2129.
Share—
Dividend of 121/2 Cents per
on May 14 declared a dividend of 12J/2 cents per share,
3 to stockholders of record May 25.
The company in
announced that in the future dividends would be considered
directors
The
Armco Steel Corp, (formerly American Rolling Mill
Co.)—Annual Report—
1
* ' * •
*
*
June
payable
January
made
of like amount was
quarterly thereafter. An initial distribution
Feb. 11, last.—V. 167, p. 149.
Acquisition—
company has contracted to purchase from United Public Utilities
all the securities of Citizens Heat, Light $5 Power Co., which
The
Corp.,
.
Ind., and in surrounding Randolph County. .The
reported to be $1,500,000. The transaction is subject
approval of the Securities and Exchange. Commission and of
operates in Winchester,
purchase price is
the
to
1797.
'
-
.
the
of
for
1947
1946
$4,584,994
$3,112,947
$4,325,294
2,111,888
1,352,508
2,106,080
1948.
fore
'•
'•
taxes
*.
.
.
$4,247,918
'
profits tax
excess
r
$2,473,106
Consol. net profit—
number of com-
expansion
debt
X
-
•;V
-
:
1,083,893
per share____
- $1.23
depreciation, interest and other charges.—rV. 167, p. 1141.
shares
mon
•
Earnings
♦After
1,140,718
•' $1.95
3,858.585
$0.46
3,858,585
$0.64
£
authorized
The
bt
was authorized May 17 by the SEC to make a cash
of $9,237,520 to the capital of Texas Utilities Co., a sub¬
latter will; use the funds to repay bank loans of $8,500,000
repay its treasury for money previously invested in stocks
company
subsidiaries.
'•
American also got permission
its
000
first
Other
American
additional
to
proposes
stocks
common
contributions
capital
tiamed' in
or
subsidiaries. .These
~
-
other
such
subsidiaries
other
certain
of
to
Commission
the
order.
to
were
and
Social
Pensions
To Buy Citizens Heat Securities—
approval of
Citizens
arranged
has
the
and
SEC
Heat
other
operates
counties comprising
igan Electric Co.,
an
to
Losses
,/.
which
adjoints that
6,951,619
5,000,811
911,352
376,234
retired
debt
1,074,812
—
charges
X
2,223,006
Fed,
for
Contingencies
and
the
for
cise
18,552,491
25,002,211
899,709
year
dividends
13,392,196
5,067,991
2,024,733
s
2,024,734
2,294,988
9,072,457 '
748,269
6,481,043
1,181,059
4,050,666
17,621,456
13,320,766
outstdg.___
3,241,2<76
3,241,315
per com. share
$7,44
$5.35
___
of
this
—V.
May 13, 1.948 the System inputs of subsidiaries
amounted to 226,033,000 kwh., an increase of 23,11.69%, over the corresponding week of last year.
company
kwh.,
664,000
or
167, p. 2129.
" T; 'v
"
Common
dividends
shores
Com.
•
Earnings
American Radiator & Standard
at Record Level—
(
Net
sales
Net
income,
No.
of
of
and
company
subs,
the
in
U.
S.
after Federal taxes^
common shares. outstanding—,
Earnings
Net
per
sales
share___l____
common
of
this
_
_
and
corporation
in
the
until
reserve
a
1948
Sales
.
American-Standard
of
during
1948
may
exceed
*; •;<> *.v•*
"
;
1947
Dividends
risen
Earned
p.
937..
20,008,3lQ
61,208,482
97,803,804
; 2,848,258
.
Long-term debt
due
within
1,540,370
: • 'v .^
%<■ preferred stock
stock
($10
Capital paid-in in
: tal 'stock
excess
Period End,
1690.
•
.•
American Telephone & Telegraph
;
-
for
doubtful
241,679
fAfter
reserves
for
|
.j
x_
depletion
167, $.1818.
of
—
$89,669,938 -in
" '
of
Other
j
Y.V.
>
i
->-» -
227,149,526
impairment
of
reserves
in 1947 and
investments of
since
and
The
including 1922.
Commercial
William
Dana
and
;
Financial
Seibert,
x,
•
_
Chronicle
President^
"
.
'.X
(Reg. U. S.
D. Riggs,
William
x,,„
,
„
in
1946.—V.
.
/
t
mortgage and collateral trust convertible bonds, due May
1, 1958 out of the $556,500 offered at 100 and interest.
NOTE:
135
On
S.
La
account
Salle
of
St.,
the
fluctuations
in
the
rates
481,592
468,108
454,586
22,691
2,845
2,740
1,704
$221,130
$191,146
$222,584
$96,119
28,497
10,651
11,742
51,623
$210,479
$170,961
47,887
$179,674
102,621
86,261
143,259
$258,366
loss
$282,295
$257,222
$210,881
'
$67,622
for
period
1.
1918.
167, p.
The
.*
of
stockholders
May
on
Approved—
.
of- exchange,
t
\\'s
;
14,-approved the acquisition by this com*.'
of the Florida Coast Ry. Co. at a cost of $40,500,000.
-iX:;.
n'!
stockholders by the same vote accepted a plan of reorganization'
East Coast
which has been approved
by the Interstate
The
Florida
Commerce
Commission.—V.
,
Bareco
Oil
167, p.
'
Co.—Stock
2025.
'"
* -
v
-
1
;
*
Offered—Kebbon, McCormick
May 19 publicly offered 162,435'
shares of common stock ($1 par) at $8 per share.; The
shares offered formerly were held by Phillips Petroleum
Co, and therefore'do not represent any new financing
Co. and associates
on
(Continued
on page
8)
„
Editor-,and Publisher;'• XV
on Monday].
Other ~
Company, Reentered
Possessions,^ Territories and Members of Pan-
Patent Office) William B. Dana Company, Publishers, 25 Park Place, New York 8, N. Y., REctor 2-9570.-" Herbert D. Seibert,
Business Manager.
Published twice a week [every Thursday (general news and advertising issue) with~ja statistical issue
-c/o - Edward^ & Smith.
Copyright 1948 by' William B. Dana
Chicago 3, 111.
(Telephone State 0613); 1 Drapers' Gardens, London, E; C.; England,
as
second-class matter February 25, 1942, at the post office at New York, N. Y.^ under the Act <?f March
3, 1879. -..
American Union, $35.00 per year;
in Dominion of Canada,, $38.00 per year.
Other Countries. $42.00'per year.'
offices:
$387,177
316,687
for depreciation
$87,331,220
,
$234,742
;
-
1947- and
$279,€07
Atlantic Coast Line RR.—Acquisition
47,838,408
$1,334,400
ItAfter
85,572
$118,248
Other charges
41,634,975
Atlantic Coast Fisheries Co.—Subscriptions- for Bonds
declared regular
$301,605
*45,940
income
Net
♦Loss.—V.
—The stockholders subscribed for $158,000 4V2% general
directors have
$118,248
operations-
from
19,993,000
Co.—Usual Div.—f
The
2,793,158
$280,682
32,413,153
quarterly dividend of $2.25 pe£
share on the capital stock, payable July 15 to holders of record June
15. Distributions at the annual rate of $9 per share haye" been made
!.
3,034,508
$279,807
accts.—
dbtfl.
Loss
47,838,408
accounts
$685,732 in 1947 and 3695,791 in 1346.
and
for
Loss
1,500,000
? •
243,791,869
reserves
$1,195,592 in 1946.
$
$
$
36,634,870 135,371,078 127,427,352
38,967,299
,—
'—V. 167, p.
1948—4 Mos,—1947
1948—Month—1947
April 30—
$
Sales
♦After
4,132,038
prof.
gross
ministrative expenses.
pany
April Sales Increased 6.3%—
1945
1946
$3,094,763
profit all divs._
Selling, general and ad¬
Prov.
59,256,431
Total
American Stores Co.
INCOME
Years Ended April 30
1947
$3,315,100
Gross
33,500,000
6,615,254
of par value of capi-
—I...
OF
225,500/556,500thS
191,750/556,500ths
95,500/556,500ths
43,750/556,500ths
$4,411,845
profit
div.
19,993,000
surplus
Mass.
sales
incl.
32,412,764
($100 par)
STATEMENT
Feb. 29,'48
8,556,471
7,025,900
par)__
Y
N.
Inc, Wellesley Hills,
Org.,
i
15,274,026
242,425
;
Buffalo,
Co.,
divisions:
Gross
14,582,560
1,500,000
year
1_.
Common
X $
37,000,000
Reserves
.
one
debt
below have severally
opposite the name of
be subscribed for by
rights:
&
sales,
Vitamin
8,385,002
etc
payable
Long-term
4 Vz
interest,
named
5,072.826
17,473,705
wages,
reserved against exer¬
3,035,228
17,664,234
and
underwriters
18,972,128
•'
—_—
shares re¬
collateral
purchase
22,543,000
119.S70.866
\
"377,567 shs.
1166,950
treasury.
$3,153,476
4,185,514
-
payable
the current rate of production.
*
Sales volume during the second half of 1948 will reflect operations
at three new plants, Mr. Mueller said,
A new. pottery plant for
vitreous china at Torrance, Calif., and the brass plant addition at
Richmond, Calif., he continued, will be in production within the next
few months, while operations at a new plastic plant of a subsidiary,
C.
F.
Church Manufacturing Co.,
at Monson, Mass., already have
167,
Net
72,395,104
market_XX_J__
% f;:; "
the
Irving, San Francisco, CalifAlbert V. Danielsen, Wellesley Hills, Mass.—
1946
4,026,000
,•
—
K. IV
'-.
in
shares have beeq
8,000
"•
■,.'C
Accounts
1
capacity.—V.
held
of the 4V2% general mortgage and
and the exercise of related stock
COMPARATIVE
LIABILITIES—
taxes
of
$
$556,500
$556,500
A.
Harry
243,791,869 227,149,526
salaries
60%
of
Fisheries
Total
Accrued
..
or
Deferred charges
of
of
at cost
^Property, plant and equipment—at cost
estimate,
to
addition,
,
' Outstanding
options.
exercise
24,464,181
Inventories, at lower of cost
tlnvestments, at cost
...
the
Treasury securities,
Accrued
peak
bonds
convertible
Business Statistics
31
DEC.
PRESENT FINANCING
11,000,000 shs.
10 Mos. End.
SHEET,
♦Receivables
United
„
.
States
fish having uniform dimensions
cooking not now possible with
in thickness and weight.
agreed to purchase the respective proportions
underwriter, of such bonds as shall not
$1.06
-
i
r
collateral
and
shares
6,590
In
V
;
even
GIVING EFFECT TO
for the conversion
of
*
frozen
($1 par)
"Chronicle''
1947
$200,043,537 by upwards of 15%, Mr. Mueller said.
he stated, assumes an uninterrupted flow of the raw
materials and supplies required by the company as well as maintenance
all-time
Such
this
each
21,201,946
United
foreign
available.
are
BALANCE
Cash
subsidiaries which are being- held in
earnings of the foreign subsidiaries for the full year
from
'
to enlarge its outlets for seafoods by also
of hotels, restaurants and .institutions; In
general program, the company has developed a
mortgage
stock
warrants.
2,869,560
$3.96
1948, see
■
the three months ended March 31, 1948 were "the
largest-for any first quarter in the history of the company, Theodore
E. Mueller,
President, said.
Net income during the 1948 period is.exclusive of dividends of
received
3,241,315
1
Btates * during
$90,259
2,295,00.3
ASSETS—
$51,632,113 $41,507,514
4,911,386
3,478,212
10,043,291. 10,043,291
$0.48
"X $0.34
subsidiaries
its
CONSOLIDATED
1947
1948
year
[For results for three months ended March 31,
of May 3, 1948, page 1918.—Ed.].
Sanitary Corp.—Sales
Quarters Ended March 31—
for
the war years. The company's vitamin oil,
and a portion of such sales volume has
fillets which vary widely
Doolittle
Surplus
hurnaiq
demand
UNDERWRITERS—The
Income
Preferred
ended
week
sales
convertible bonds
served
2,240,000
.
of
"Including
..
•
ex-
1946
oil
expects
the
general
trust
traordinary adjustm'ts
to
Capital
5,373,362
:i
-
continuing
as
canned
in
it is expected to reach 8%
represented over 40% of the
the future.
in
company
trust
•
2,103,766
5,420,098
11,449,833
well
as
volume
Sales
Authorized
Cr3,977,549
16,464,876
Fish
curing
in
sold
CAPITALIZATION,
i ■
2.095,523
volume
was
B%
The
4%%
.-
taxes
come
1,917,291
food
human
for
business.
future.
near
dollar
ordinary
630,461
in-
The,
the company.
of
of total volume last year and
special "Restaurant Pack" of
and
weight
thus permitting
563,925
3,377,804
V
.
For the
-
1,036,392
781,333
the
fish
food
animal
5%
furtherance
>
828,187
371.138
affiliate
Newfoundland
a
canned
producing
catering
11,050.456
397,044
.
the outbreak of the war
Government and as &
the
to
two steer trawlers were, in November, 1947, sold to non*
interests, leaving
the company with one wooden trawler
was
exceed
<•
168,613
.
sold
were
regained -for the company by the acquisition pf the Monterey.
Calif., operation which sells fish meal and fish oil.
The volume of
such
sales since
1947 has not exceeded 5%
and probably will not i
1,296,356
8,953,949
664,641
'
taxes
-
Weekly Input Increased 11.69 %—
;
deprec.__-
assets
Ltd.,
Co.,
business
166,801,826 118,915,559 118,904,520 110,278,973
__
trawlers
"been-
v
and expense on
Provision
and in neighboring
of Indiana & Mich¬
Ind.,
Winchester,
in
area
'
200,818.944
1,001,899
X
After
substituted.
were
Diesel
company
canned
total
$
.■
.
1,226,491
services
subsidiary of American.
a
1944
■
1,438,581
State, local and miscell.
bodies.
regulatory
1,437,682
1,514,177=
long-term
Other
purchase
73,764,931
1,501,682
'
'
in-
group
for
on
Interest
91,283,791
_
Provision
.;
.
»
■"
2,497,041
taxes—
and
purchased
all of the securities of
Citizens Heat, Light & Power Co. from United Public Utilities Corp.,
for $1,500,000, it was announced May 17.
The contract is subject to
The .company
' $
222,588;961 203,315.985
70,230,907
64,145,038
salaries
and
surance
'
x
1945
■
•
t.
(2,320,032
Security
Materials
make
not
>
.
been
food
-
0/
purchase
towards
proceeds
apply The
$ f
>
off
obsolete
became
boats
trawlers
the
within
314^100,540 234,250,843
revenues
Wages
■
J
*
1946
fcL
.
its
311,685,322 2|1,930,811 220,144,648
2,415,218
2,444,313
JL
etc.
revenues
Total
to sell non-affiliated interests $2,100,bonds of Pacific Power & Light Co., another
mortgage 3'/4%
subsidiary..*
.
*
YEARS
CALENDAR
;-
•
operating at the present time out of the Port of Boston,
The company's fresh fish sales excluding trawler sales through the*
New England Fish Exchange have never been a major factor in its
operations.
The* volume of such sales ranged from a low of 5% of
gross dollar volume before the war to a high of approximately 8%"
during the war.
At present such sales do not exceed 4% and not
material increase in such volume is anticipated.
Frozen fish, shies
before the war made up 85% of the total dollar volume; this dropped
to 55%
during the war due to the sharp increase in the company.'?
vitamin oil business in war years (since discontinued).
Present volume
is 80%
and it is anticipated future frozen sales will remain at this,
rate;
Prior to 1947 the company produced
canned fish for animal
food
only and such sales were less than 1% of the total dollar
volume of business done.
Since the summer of 1947 the company has
8,000,000.
FOR
li
discounts, al-
lowances,
to
4,500,000
ACCOUNT
5
V'
Sales less
contribution
to
from
INCOME
these
these
of
affiliated
.
1947
Allows Contribu¬
Sale of Bonds— <
sidiary. The
and
shares
common
CONSOLIDATED
American Power & Light Co.—SEC
tions to Subsidiary and
$67,000,000.
■
.
With these debentures, „the company's
program.
1
,
operated • no trawlers whatsoever during the war.
Following cessation of hostilities, the company acquired five large
trawlers; lour built of steel and one of wood and all Diesel propelled.
Two of these trawlers are among the largest and most modern -in
the industry and in Nov., 1947, were transferred to The Northatlantiq;
-
totals
-
operated " a fleet of 18 steam
the Grand Banks of New¬
they were sold and two
1920's, the company
largely in fishing
As
remaining
in connection 'with Armco's modernization
long\
*
.
X
;
!:\y '
The directors voted'to. submit for the action of shareholders at the
.annual meeting on April 15, 1948, a proposal to change the name of
the
company
to Armco
Steel
Corp,
and a
proposal
to increase
$2,219,214- $1,332,824
$1,760,439-
both
Trawling
long-term debt, exclusive of the current portion-,
which at the start of the year
stood at $38,500,000, was reduced
$1,500,000 in 1947 through sinking fund operations to $37,000,000..
In
February 1948, $30,000,000 principal amount of 20-year 3%
debentures were sold to Equitable Life Assurance Society. It is planned
and
capital.
working
for
engaged
Diesel
new
result
that proceeds will be used
2,915,094
late
the
foundland.
> •
•
f
used
23,
trawler's
$79,754,511.
of
common
equipment.
The company's
term
Aver,
increase
an
stock dividend, payable on or before Feb. 15, 1948,
to holders of common stock of record on Dec. 29, 1947, has been
distributed.. This stock dividend
represents a partial distribution to
common
stockholders of earnings, in the form, of additional shares,
which have been permanently invested in improvements in processes
;
Fed, and foreign income
and
1945
.
$311,685,322,
were
1946,
1947.
20%
A
Subs.)—Earnings
Corp. (&
American Home Products
Quars. End. Mar. 31—
♦Consol. net earns, be-
1947
year
and
,•
In
compared with net
'
>
X '
Earnings, after taxes, amounted to $25,002,211 or $7.44 per. share
of common stock on the basis of 3,240.523 shares, the average number
outstanding in the year.
This compares with 1946 earnings of $18,J
552,491, which were equivalent to $5.35 per common share.
•
Although capital expenditures for improvements were the greatest
for any single year, there was a decrease of only $5,755,925 in working
capital, from $82,577,790 at the end of 1946 to $76,821,865 at the
for
of $231,930,811
close
agencies.
t The
Citizens'. Heat Company which Serves an. area adjoining tnat 01
Indiana &
Michigan Electric Co.. a subsidiary of American Gas &
Electric Co., had operating revenues last year of $580,424.—V.
167,
other regulatory
p.
sales
Net
sales
Electric Co.—Proposed
American Gas &
•.
'
on
be
AND BUSINESS—Company was organized in Maine
on
1922; with; the name "The National Fisheries Co.," in '
order
to
acquire from the reorganization managers of the former
Atlantic Coast Fisheries-Co. the latter's assets and good will, includ¬
ing the right to use its name.
Immediately thereafter, the company
changed its name to "The Atlantic Coast Fisheries Co." and for a
number of years operated primarily
as a! holding
company owning
subsidiary corporations engaged in the various aspects of the fishing,
packing and sea food industry generally.
The company's principal
executive offices are located at No. 4 Fish Pier, Boston 10, Mass,
By virtue of the liquidation or other disposition of various sub-,
s.tdiaries over the past 15 years, the company is primarily engaged
today and intends to continue to engage in the procurement, process¬
ing and distribution of fresh, frozen and canned fish, fish meal and
fish oils.
•
;• /"•
born St., Chicago, 111;
The
bonds will
March
.
the quarter
$368,734 in
will
proceeds
order, paying. off
in
HISTORY
2206.
p.
4V4% cumulative convertible preferred stock at $51.75 per' share and
accrued dividends of 46 cents per share. Payment will be made at
i
net
and used for general corporate purposes.
company
of. the
including June
Declares Second
the
.
1945
1946
$179,926,
Anderson-Prichard Oil Corp.—Partial Redemption—
333,87g
••
all
fLoss.—V.
1947
1948
f $$15,656
X—"
♦After deducting
income.
" - .
Gross sales, less discounts, returns and allowances, lor
ended March 31,
1948, totaled $534,931, compared with
the corresponding period last year.
,
3 Mos. End. Mar. 31—
1946
1947
$70,259
28,100
X-a.
March 31—•
$1,0001 denomination of bonds.
per
.
.
American Encaustic Tiling Co.,
shares
be placed in the general funds
Among those
in full the chattel mortgage
the-* company's remaining trawler, in the amount of $15,400, thei
payment of the.balance,"when.du,e, agjgregating' approximately $156,500,
to the American Machine & Foundry Co. for the manufacture and
delivery of fish filleting machines, and the reduction, in such amounts
as
the directors shall determine, of notes in the aggregate principal
amount of $127,500 on which the company is liable to Harry A. Irving^: x
a director.
The balance remaining of the net proceeds from the sale
of
American Writing Paper Corp.3 Mos. Ended
50
PURPOSE—The
ing capital.—V. 158, p. 81.
\
into
purposes- are,
—v.
the
and
carry warrants, void if detached, "entitling the holder, at his option,
but only at time of conversion of the bond, to subscribe to additional
shares ,of the common stock of the company at the conversion price,
then; prevailing, such right of subscription to be at the basic ratio
1948—3-Mos.—1947
1948—Month—-1947
.
at
bonds,
PRIVILEGES—The
SUBSCRIPTION
AND
amount, .'arc convertible at any time at the option of
common
stock ($1 par) at price of $4 per share
face
holder
..
$20,549,292 $19,152,155 $57,782,165 $55,452,109
Operating revenues.—
Uncollectible oper.' rev.*.
.
American Discount Co. of
Rights- expired May 10 and the balance, $398,500 was
taken up by the underwrite^, Doolittle & Co. and asso¬
Radiotelephone Service with Anglo-Egyptian Sudan—
Raise Dividend—
American Chain & Cable Co.—May
Wilmot
Monday, May 24, 1948
CHRONICLE
FINANCIAL
&
COMMERCIAL
THE
(2246)
Subscriptions in -United States, U. S.
*,
1
,
'
remittance for foreign subscriptions and advertisements must be made in New York funds.
\
:
.
,1 St,-*
Volume
167
Number 4701
THE!
The
emissions of
the
over
decline
a
of
April, 1947 total of $454,528,580.
91.8% constituted
500
8.2%
or
held
to
new
new
The
March
Gulf
Thus,
year,
$562,425,792,
the trend
of
financing
The
total,
as
was
aggregating
true
______
36
day Treas. bills
debentures
.
'
.
t
•
of
for
April,
March_--__—%
;
Below
Total
.
1946,
ary,
showing the
Six
691,647,936
310,723,947
"
1
■
■■ ;
;
.;
847,000
Tax Antic'n notes.
847,CC0
128,814,100
128,814,100
for
April
for
four
6,466,116,000
605,447,945
28,734,326,000
2,961,114,?58
I
was
i-
.-.i
-
-4...
of
Refunding
for
"'■
$
93,000,000
>
for
—
307,169,645
311,789,477
697,736,056 1,009,525,533
'
:—i
531,164,539
61,360,000
105;425,000
80,065,000
25,360,000
51,000,000
151,000,000
105,755,Q00/
119,523,000
vl April—
..
86^232^000
Total for
Total
ApriL
j
611,519,659 1,718,109,224
682,652,434
'188,633,528
671,103,991
859,737,519
314,559,864
350,651,431
665,211,295
793,083,035 1,414,518',213 2,207,601,248-
1,10^,872,512 2,112,254,269
123,226,255
606,543,042
369,051,533
147,461,407
304,261,824
367,632,081
.122,187,231
380,544,595
171,098,753
-
898,474,568
392,874,893
1,291,349,461
3,217,126,781
451,493,579
820,545,112
104,757,061
-
907,782,367
sales of special series certificates and
notes; certificates
Adjusted Service Certificates Fund and Unemployed Trust Fund
to Federal Old Age and Survivors Insurance
Trust Account.
Civil
Service
Retirement
Fund, Foreign
Service
Retirement
Fund,
Canal Zone Retirement
Fund, Alaska Railroad Retirement Fund, Postal
Savings Systerii, Government Life Insurance Fund, National Service
to
Insurance
Federal
Fund, Federal Deposit Insurance
and Loan Insurance Corporaticin.
Savings
quarter-——
317,440,678
Details o£ New;
75,922,920
674,870,543
*270,684.761
Than
84,068.960
554.347,159
1589,877,742
83,126,999' 1,009,294,814
691,223,683
1,995,393,637
243,118,879 2,238,512,516
4,752,435,028
1,522,096,504 6,274,531,532
73,168',350
343,853,111
86,315,940
1,551,786,186
804,521,175
272,781,782
due
of
The Treasury Department announced
1,824,567,968
in
the
amount
of
'
&
sons
due
1,205, 442,000
1,006, 487,000
99.748
99.748
*0.998
16
Apr
22
91 days
1,001 ,226,000
99.748
*0.997
23
Apr
29
91 days
1,691.144,000
1,655,442,000-
99.748
*0.997
Apr
1
1 year
1,054,456,000
1,054, 456,000
1
TREASURY
FINANCING
DURING
2
Jan
8
Jan
9
Jan
15
Jan
13
Jan
90
91
468, 380,845
a
a
847,000
847,000
100
2
128,814,100
128 ,814,100
100
23
Jan
29
Dec
19
days
1,635,902,000
days
1,303,405,000
1,305,222,000
1,003,366,000
1,914,793,000
1,447,250,000
1,539,292,000
1,002,890,000
b
Jan
1
1 year
2,590,718,000
Jan 1-31
Jan
1
10-12 yrs.
770,153,343
Jan 1-31
Jan
Jan 1-31
Jan
12 years
9,824,000
143,294,800
2 yeais
*.
Jan
Feb
5
series,
1,769,487,000
99.760
*0.950
Jan
2
90
99.753
*0.976
Jan
8
91
*0.990
Jan
15
22
91
day
Treas.
bills
91
day Treas.
bills
1
Ctfs,
Jan
1
Jan;
.
U. S. Savings bds.
Depositary bonds__
2
*0.990
for
90 days
1,524,512,000
1,000,348,000
99.751
*0.994
Feb
5
91
days
1,460,777,000
1,000,528,000
99.748
*0.996
Feb
13
90
91
days
19
Feb
1
Feb
1
10-12 yrs.
99.748
1,105,989,000
2,189,290,000 100
607,303,811 ! a
Feb
20
1,537,578,000
2,189,290,000
607,303,811
*0.997
Jan
Feb
12 years
542,000
Feb 1-29 Feb
2 years
111,122,600
1 year
Feb
1
100
Feb
1
111,122,600 100
Feb
TVs
/
Mar 19
Mar
l
18
Feb
18
Mar
18
Mar
1,818,856,000
...1 1 year
1
Feb
days
1,632,292,000
1,796,385,000
1,935,941,000
9i flriyst
Mar 25
Feb
6,918,347, 411
91 days
91 days
91
1
.4; 1
year
1 year
10-12 yrs.
'
Mar 1-31
Mar
1
Mar 1-31 Mar
Mar 1-31 Mar
Total
for
•
12 years
2 years
March
1,001,464,000
2,590,718,000
notes_
1,101,402, 000
1,101,030, 000
1,107,232, 000
1,008,654, 000
91
U.
sold
on
*0.997
*0.997:
99.748
*0.996
New
1,303,754,000
$
The
2,057,000
•„
%687,554, 000
588,136, 359
>
120,185,400
1 Va
-
•
100
120,185, 400
100
8,575,191,759
1
a
1,579 ,000
a
•
2
Va
.
-
A,
of
First
9,130,337,143
day Treas.
day Treas,
bills
903,224,000
day Treas.
of
bills
,
S.
G.
Becker
Antic'n notes.
111,122,600
6.916,347,411
6,199,379,000
1,101,402,000
1(101,030,000
1,101,402,000
for
91
91
91
Mar
91
25
day Treas.
day Treas.
bills
bills
day Treas. bills
day Treas. hills
897,772,200
indebt.—
961,646,800
961,646,800
Savings bds.
Depositary bonds-
588,136,359
588,136,359
1,579,005
1,579,000
120,185,400
of
Ctfs,
of indebt.J
Ctfs.
of
1
i
Mar
Mar
■
'
>
'V'
Total
U.
S;
Tax
for
indebt
Antic'n notes.
March
-
120,185,400
8,575.191,759
7,865,291,000
on
page
6)
comprehensive tables
on
the fol¬
the
April
and the four months' figures with those
097,772,200
Ctfs.
I
Mar
1,008,654,000
In the
lowing
1,687,554,000
1
Mar
Mar
1,107,232,000
(Continued
718,968,411
1,101,030,000
1,107,232,000
1,008,654,000
1,687,554,000
Mar
:
privatelv.
111,122,600
February——
&
Corp.;
Hornblower
Represents issues placed
542,000
4
Co.;
Co. Inc.;
Blair & Co., Inc.; Equitable
Gregory & Son. Inc.; Harris, Hall & Co.
& Weeks; Otis & Co. (Inc.); Phelps,
Fenn & Co.; L. F. Rothschild & Co.; Wiiliam Blair & Co.;
Burr & Co., Inc.; R. L. Day & Co.;
First of Michigan
Corp.; Freeman & Co.; Graham, Parsons & Co.; Haydei>,
Miller & Co.; The Illinois Co.; Kean, Taylor & Co.; Wm.
(Inc.);
*
542,000
Mar 18
v
1,000,528,000
1,105,989,000
2,189,290,000
&
of
A,
926,797,143
1,000,348,000
1,000,528,000
1,105,989,000
2,189,290,000
indebt.
Hutchinson
T,
chase
903,224,000'
1,000,348,000
McMaster
& Co,; Sills, Minton & Co., Inc.; Walter
Co.; Thomas & Co. and F. S. Yantis & Co., Inn.
RR.
2¥2%
equipment
trust
certificates,
due annually May 1, 1949-1963.
Purpose, pur¬
equipment. Priced to yield from 1.45% to 2.75%
according to maturity. Offered by Halsey, Stuart & Co.
Inc.! R. W. Pressprich & Co.; Bear, Stearns & Co.;
series
770,153,343
9,824,000
143,294,800
bills
Corp.;
O'Gara
&
9,600,000 Pennsylvania
1,001,464,000
2,590,718,000
8,203,540,000
Cleveland
Alfred
1,003,366,000
1,002,890,000
770,153,343
9,824,000
143,294,800
& Pomeroy, Inc.; Whiting, Weeks &
Co.; Bramball, Barbour
Co., inc.;
Co.; Weeden & Co., Inc.; Wheelock &
and Rand & Co.
Illinois
Miller &
607,303,811
'
lVa
897,772, 200 100
961,646, 800 100
,
—
100
of
series
Stokes
1,468,000
607,303,811
Mar 11
'
1,687,554,000
897,772,000
961,646,800
588,136,359
*
1,579,000
and
to
Central
RR.
2'/a%
equipment trust certificates,
Z, maturing semi-annually Oct. 1, 1948-April 1, 1953.
Purpose, purchase of equipment.
Priced
to
yield from
1.35% to 2.75% according to
maturity, Offered by Halsey,
Stuart & Co. Inc.; R. W. Pressprich &
Co.; Bear, Stearns
& Co.; A, G. Becker &
Co., Inc.; Gregory & Son, Inc.;
Hornblower & Weeks; Otis & Co.;
Paine, Webber, Jackson
& Curtis; L. F. Rothschild &
Co.; Freeman & Co.; Wil¬
liam Blair• & Co.; Burr &
Co., Inc.; First of Michigan
Corp.; Hirsch & Co.; The Illinois Co.; Kean, Taylor &
Co.; Wm. E. Pollock & Co., Inc.; Mullaney, Wells & Co.;
Julien Collins &Co.; R.L.Day & Co.; Schwabacher &
Co.;
Indebtedness
Tax
Mar
*0.996
99,748
15,
Awarded
series
a
Savings bds.
Depositary bonds__
Total
99.748
99.748
January
'Ctfs.
Feb
FebrUbf^.
•
indebt
91'day Treas. bills
26
Feb
j 542,000
The
Securities
Total
91
Mar,p4
if
of
Tax Antic'n
19
Mar
bills
29,
13
Mar 18
day Treas.
Jan
26
5
1,301,348,000
Jan
b
99.750
2%%
equipment»trust certifi¬
1949-1958.
Purpose, pur¬
R. W. Pressprich & Co^
placed privately.
April
14,000,000 Illinois
FUNDS
1,303,405,000
1,305,222,000
1,003,366,000
1,002,890,000
Jan
Feb
27
OF
$
lVa
Feb
Feb
are
Refunding
a
Feb
Mar 12
maturity,
Accepted
daylTreas. bills
day Treas. bills
91
6
Mar
10-year
$
17
for
have
Total Amount
*0.952
13
Total
E
Security
99.762
Feb
Feb 1-29
series
Comprised of three sepa¬
Typp of
Feb
V
which
a
75, and yield 2.30% ; series F have a 12-year maturity,
are
sold on a discount basis,
at 74, and yield 2.53%;
and series G
have a 12-year maturity,
are
sold at 100, and bear 2V2%
interest,
b;Comprised of separate issues, designated Treasury notes of tax series
C-1947, C-1948, C-1949 and C-1950. Series C earnings about 1.07%.
*0.981
903,224,000
Co,
Cummins Inc.,
31,695,440,258
,
bank discount basis,
a
discount basis at
Feb
Feb 1-29
of
months
on
9,130,337,143
91 days
98.612
purchase
Stubbs;
7,071,563,945
USE
143,294,800 100
January.
30
four
for
Average rate
rate
Jan
Total for
April
Dated
99.750
1,001,464,000
2,590,718,000 100
a
770,153,343
9,824,000 100
1,546,942,000
2.70%
Schoelikopf, Hutton
for
Yield
99.752
RR.
annually
RR.
Hayden,
1948
Price
purchase
to
Whiting, Weeks & Stubbs; Graham, ParBramhall, Barbour & Co., Inc.
% ■
equipment.
of
1.50%
Harris, Hail & Co.*
Moseiey & Co.; Phelps,
Schoelikopf, Hutton &
5,500,000 Chesapeake & Ohio Ry. 2!4% equipment trust
certificates,
due annually April
15, 1949-1958.?; Purpose, purchase of
equipment.' Priced to yield from 1.30% to 2.35% accord¬
ing to maturity. Offered by Harris; Hall & Co. (Inc.);
Blair
&
Co.,
Inc.;
Equitable
Securities
Corp.;
F.
3.
Moseiey & Co.; Phelps, Fenn & Co.; Reynolds & Co.;
iy8
468,380,845
2 years
Total
$
91 days
91 days
91 days
,
22
Jan
Accepted
$
100
12 years
Amount
Applied for
1,005 649,000
*0.996
10-12 yrs.
*
Due
bid
Purpose,
from
by,
Pennsylvania 2%% equipment trust
due annually April 15, 1949-1963.
equipment.
Priced
to
yield from
1.50% to 2.90%
according to maturity. Offered by Halsey, Stuart & Co. Inc.
; .
*0.997
1,474,034.000
Apr 1-30 Apr
Treasury
Amount
2
1,793,333,000
91
Total
Date
Jan
99.748
91 days
15
Apr 1-30 Api-
Department in
April confined its operations to the usual weekly sale of
Treasury bills, Savings Bonds, Tax Administration Notes
and Depositary Bonds.
Jan
1,200. 262,000
8
Apr
Apr 1-30 Apr
April 1.
26
1,983,758,000
Apr
Mar 22.
holdings of the System of maturing certificates amount¬
ing to $106,282,000 were presented for cash redemption
Dec
Apr
Apr
$1,321,139,000,
of
Purpose,
2
equipment trust certificates,
1949-1958.
and
certificates,
%
Apr
matured
the
$
9
days
JRR.^%%
Aroostook
&
1,395,000 Central
Apr
91 days
Inc.;
Co.;
*700(000 Bangor
Yield
Mar 25
April 1, 1948.
By arrangements made
between the Treasury and the Federal Reserve
System,
above
Price
Apr
Treasury Certificates of Indebted¬
D-1948
Accepted
$-
1
Ohio
Amount
Applied for
April 30 that
on
$1,054,456,000 in subscriptions were received and accept¬
ed to the offering of Series D-1949
one-year l1/s% Treas¬
ury Certificates of Indebtedness offered in exchange par
for par to holders of
Due
Years)
yield
maturity.
Offered
(Inc.); Blair & Co., Inc.; F. S.
Fenri
&
Co.;
Reynolds & Co.;
3,564,441,065 3,087,628,616 6,652,069,681
Amount
Dated
Five
RAILROADS
to
according
on
Date
Offered
STATES
Capital Flotations
$450,000 each May 1,
equipment.
Priced
to
chase
Treasury Financing in April
<
$4,500,000 Baltimore^ A
676,193,682
113,297,492
cates,
Dated
and
retired.
During April, 1948
Pomeroy,
UNITED
tNet
Below we give <Jomtfl6te details of the
capital flota¬
during April including every issue of any kind
brought out in that month.
•
Offered
Corporation,
tions
2,012,654,879 2,814,846,834 4,827,501,713
470,278,199
the
170,523,000
246,037,000
notes
472,389,142
146,341,925'
344,690,000M
*Comprise
and
702,592,565 1,610,374,932
926,167,615
of
5d0,787,000
.156,755,000
Long-Term; Bonds and N otes (Issues Maturing Later
2,757,041,391 1,278,977,625 4,036,019,016
J
Outside
.
86,232,000
;
fof four months—
sold
392,762,791
tRevised.
t
t36,000,000
51,000,000
29,065,000
(
Twelve mcnths______
on
98,591,000
15,000,000
Life
1,106,589,565
November
which
43,680.000
90,425,000
436,672,668
-—
258,357,364
Series
5,741,000
142,271,000
February
•
598,947,623
of
92,850,CCD
43,530,000
'___
Total
'
ness
150,000
49,271,000
February—
Certificates
Notes
Certificates
i
319,497,872
211.666(667.;
October
Fourth
163.669,000
192,669,000
318,978,811
l
months—
December
22,190,000
64,190,000
Total
271,362,410
156,800,4.17
,
29,000,000
256.859,000
January.
253,874,054
-
/■ '
$
42.000,000
185,859,000
Total
!
283,889,643
483,316,787'
Nine
:
Net Issued
$
71,000,000
T
:
Retired
January—
Notes
amounts
FINANCING
Issued
Kv,;r-' $
Certificates
$
454,528,580
Third quarter___
.
*INTRA-GOVERNMENT
additional private
$
78,214,460
'
7,071,563,945
months— 31,695,440,258
|
$171,942,990,
134,670,053!" 119,204,001
__
—
376,314,120
September—
468*380" 84 5
468,380,845
Depositary bonds._
-t!946-
'
1,858,566,823: ' 886,102,732 2,744,669,555
-•
1,054,456,000
Savings1 bds.
3,221,coo
4J85"c.0O
,
March—
New Capital
274,583,073 1,026,560,331
x
________
1,205,442,000
1,003,266,000
1,001,226,000
1,001,464,000
1,054,456,000
Notes
.518,608,778. ,-^13,807.327,; 732,416,105
-
indebt.
Total
;
_'_
•
S.
1,200,262,000
1,205,442,000
1,006,487,000
1,001,226,000
1,005,649,000
...
751,977)258'
-
612,638,292
'
::■
as
■
50,212,500
quarter—1
AUgUSt-i
139,824,303
'
";.
July
•
Total
$
_
'
-...
Refunding
-
364,744,693
:
up
monthly
—
$
"
U.
of
y(
1947 AND 1940
103,335,204
.
Ctfs,
1,200,262,000
Certificates
1948,
$
months.
■
different
be necessary, particularly
may
260,909,483;
-
day Treas. bills
day Treas. bills
Apr
%
Revisions of the 1947 and 1948 fig¬
129,503,023
•
1
:
Indebtedness
Apr
tabulation of figures since Janu¬
—tl947——
New Capital
'
June_—i
Second
a
450,548,250
;
Apr
financing is brought to light.
'
'
*
figures $170,594,886
47,616,401
;
;>"Mny-__
-
present
367,439,374
.
'
1948
211,267,388
—
v
the
corporate financing.
113,723.057 1,619,059,614
1,505,336,557
April—562,425,792
'.'".i."
Of
97,041.541,
1
1
91
29
Apr
(200,000
'
'
•
$
4
#
'
.
14,091,516 "v, 559,972,304'' ' 180.343,822 ';v'30,'923,566 '
594,606,395
f,
First quarter
$20,000,000
financing and $1,348,104 refunding.
we
_
!-;
A
■
;
'
1947.
money
per¬
|
$
February545,880,788
i
and
Apr
Telegraph Co.
91
,
compared with $631,083,118 for March and
$404,424,772
44.7
.2,590,000;
364:849,374'
'
1978
1968; $25,-
*•
ures
Refunding
,Yi^..7 *
V Januafyj^jl___„'r_ii. v,;
due
and
Municipal financing for April footed
1948
New Capital
4
Telephone
-
SUMMARY OF CORPORATE FIGURES BY MONTHS
;
States
due
1
Refunding
S
'
•
91
(Ohio) 3% sinking fund debentures
50.2
——;
Accepted
'■
91
stock.
% of Total
15
yi' "■
Apr 22
44.2
__
:v- T
'
Apr
New
'
"V
shares) Solvay American Corp. 4% cumulative
preferred
40.4
•
Total Amount
Security
'
day Treas, bills
day'Treas, bills
3Vs%
$247,630,000,
45
March
.
1973; $40,000,000
91
im¬
an
45
February
January
due
Total
Comparative
No. of Issues
\
_
Type of
Dated
8
new
financing for the month.'
Month
$84,000,000
were
15
centages for the earlier months of this year follows:
April
'
month
loan
Apr
comprised 45 separate issues-and represented 40.4% of
the overall
the
25-year 3%
..
April again played
portant role in that month's financing,
months.
issues for
Corp.
.V
Issues placed1 privately in
3
(2247)
Apr
exception of May, 1947. >
previous
principal
Oil
000,000 Mountain
greater than refunding operations, with thp
money
CHRONICLE
C6.
Of the total
pattern for the 20th month, showing
same
FINANCIAL
Ohio Power Co. first mortgage 3% bonds due
1978; $35,t
000,000 Swift & Co. debentures; $35,000,000 Standard Oil
financing and $50,212,-
money
refunding.
the
the
increase of $158,109,712
an
financing undertaken in April of this
or
1948, aggregated
$79,009,644 from
$691,647,936, but
&
Capital Flotations in the United States During the Month of April
And for the Four Months of the Calendar Year 1948
Total corporate flotations for April,
$612,6*38,292,
COMMERCIAL
pages
we
for the
709,900,759
corresponding periods in the four
thus affording a five
comparison.
years ; preceding,
year
compare
"
Total
7oO.UO
$
76,420 93,704 13,40 6
5, 0 , 0 3L4607 6 10,3950
s
24,03625 38,9l710 13,40 6
54,30 4,0 0 4j,751.0 26,45,237
Reiundi g 493,580 4,0oO U0 17,538920 7,625, 82
46,10 29,3450
Total
$
750, 0
750, 0
8,05,0
6,127,0 20, 0
Total
$
4,56290
362,450 130,29 0 1,50,0 36,10 0 15,0 0
348,105 71,34058
Total
$
Total
$
40,320 172,~89T 5 84,28549 25,0 0
4,0 0 2,731,0 1,837,920 13,4528 6,50,0
3691852206,,27386549,,236143
Ketua ig / 28,6958 7 850,69 7,642,34 25,0 0
i
:
J8
—1946
Cap.tl
New
Tucal
283.7 ,950 l,«25U,O 96,27832 72,6 798
.
$
—
1,30 0 130,406 1,50 27,8350 57,31573
679~0 ,0 12, 0873
7,4,720 1,50 , 0 I,35~o76 o 152,308596 6,135,0
1,3 9,52 1,49,40
17,82 41
Total
$
$
15, 0 39,7 950 30 ,0 0 67,5o0 10, 0 17,40 0 40, 0 3,50 , 0
Refundi g 267 3^17
$
-1947
94 ,50
50 ,0 0
17,0 0
the
of
Cap.tl
New
Total
Si
239,504813 1.25u,o0 69,8462 65,87463
10, 0 40l781, 2
480,9 0 1,U0 0 51,7210 79,04172
37661,2,1438290 97580,,70915282
COORPFATE,
Cap.t l
»
Mew
SUM ARY
New
Total
50.21,50 14,3850 3,48104 40 ,0 16,34560
ICcAU.i xlg 50,21 50
y
Capit l 15, 0 13,074813 30,0 67,050 10, 0 40,0 40, 0
$
164,07 0 17,942 0 2,10,0
S
-194S
430,6950 1,0 0 51,72510 79,04172
$
-1948
3,50 , 0
1,250, 0
4283,2,7319570
1,250, 0
1,250, 0
239,504813
1,250, 0
Refundi g 4,83 0 13,8670 6,50,0 1,537,50 15,47 0 5,0 0
1,0 ,0 1,0 ,0
$
New
94 ,50
3,9132 5i7B89,46 2.35,0 170 ,6
15, 0 32,510 87 30 ,0 147,26.83 125,0 40 ,0 40, 0 15,732 50
12,3 250
53,69082 10,738 0 32,41 4
10, 0 23,9076 130,729 40,5280 243,160.82 17,238 0 2,50,0 95.106,4 127,30 17,0 0 10, 0 59,80576
135,907
4,83 ,0 13,8670 6,50 0 1,537,50 15,47 0 5,0,0
1,0 ,0 1,0 ,0
78,214 60
19,435274 78,91783 25,0 0
480,9
35,69 0 2,50,0 61,3750 1 ,8250 1,50 32,150 430,69 50
8.~239~52 13,57023
289,643
2*50 , 0 50,21 50
ACHANRDTE Capitl 175,240
562,4 792 49.685,0 170,59486 1,70 0 784,05.678
1,30 , 0 7,8 5,126 1,50 0 12,8~5076 180,43.6 63,4 573
12,37250 169,5063 15, 0 91,39547 30 .0 0 149.51783 125,0 0 17,40 0 40, 0 15,732 50 45,2850
51,60 597 80,716 83 25,0 0
32,16 32 1,8*25,6
40,5280 189,5 0 6,50,0 i^O .O O 62.75,0 127,30 17,0 u0 34,8150
V
GROUPIN
<•
85,4931 96.50, 0 1 ,532 4 5,62 0 59,43 918 18.26,47 "50 *6 0 "23074 5 6 6, 27 392,76 91
New
fOGboligveartnomnt.
48,35740 7,125,0 T,350* 190,73 564 6,735,0 1,570, 0 1,49,40 257,304 97,80 0 19,407 7,125,0 12,850. 239,58.64 18,7350 1,4 ,50 8.47o 6o 14.23S90 682,05 43
230,475
Capitl
Fedral
»
102,4305
40,612750 5,625,0 38,42 968 60 ,0
2,40 61,32058
78,214 60 5,0 76 19780,65 2,643,0
Reiu dig 4,2317 27,437208 6,748,15
1947
563,12 0
6 6, 27
$
.184,506
$
"750T06
25,16420 34.80, 17,021 0 3, 7,920 30,71328 6,5*0 6
Refundi g 96,50 0 70,91 594 21,04950 17,68427 ~50 70
-1946
45,2850 t5,0 0 10, 0 19,870 40,27
18,0624 95,041 6 76,825
*
325,68 0 10,2350
750, 0
2,601,634 1,452,08 21,598025 2,415,926 2,973 0 51,04 35 17,650 2,601,634 1,452,08 40,3 025 15,0 0 2,4157926 2 ,973 0
18,7320 15,0 0
97,80 0 71,05 0 1,50 0 48,50 175.0 , 0 1,4 7506 6,90,0 12,78 50
$
9,57 ,0 76,39 41
60,42341
4,0 0 5,32,634 3,290, 0 34,93 07 8,915,926 23,7 370 76,205 37 362,450. 179,62.34 4,790, 0 71,043 07 15,0 0 8,915,926 23,7 370 65,4 237
5726,3480
7682,1593,.046 FYEAIVRS
AFYPOEIRVLS
New
New
5,625,0 52,395716 6,127,0 235,0 0
4,0 0
657,104389,265 NBiU^PSIrpnouBrtfneleRarvsaocicwDnefecivsdsklku.o,lpmdnt. 3405214715,982,3698,:2054086
712,8620334795689190,527546 SFTMOAFUHTPNICNONOSRHREEPIDLFWEA
FTMINFLOUAHAGOCFRVOREPEGRMNEDIGTN, fbSraamtoougnicepeyinldtyss
Capit l
Capit l 17,650
28,7650 48,12065 15,Tl~0 16,0 0 108, 65
4,0 0
$
6.02 ,0 19,50 35
51,3820 32.1708 18,2 95
107, 806 6,127,0 29,0 0 108,5306 15, T6O 25,67 0 184,50 6
2,10 , 0 54,712 90
46,70 16
Refundi g 34,80 130,29 0 1,50 , 0 17,3680
—1<)45
7, 25,0
91,3 06
3,950, 0
$
New
$
—1945—
8,05 ,0
$
Capit l 6,127,0 235,00 13,691 25
52,160 49,08453
Capit l
New
750, 0
V
$
L1- 94
6,529,70
4
750, 0
Refundi g 19,6576 3,58,375 15, 760 14,0 0
t5,0 0 3lj4607 0 16, 920
750, 0
——194 Reiundi g 52,638 75 54,712 90
17,250 15, 70 17,950
Total
367162,,1348290
2,50 , 0 50,21 50
10, 0 23,9076 130,729 35,69 0 29, 3082 10,7380 275076 93,568 4 1 ,8250 1,50 10, 0 57,30576 562,45792
53,69082 10,738 0 32,41 4
n•APRIL ; otes. notes. notes. Agenci»s-.&t_, .- ifnuc-ldse Notes— . etc manufctrig — hoeldticn.g, Notes— .-j etc. manufctrig- hoeldticng., etc,. manufctrig- htroaelddticng., — e manufctres. manufctrig- hoeldticng., securit
bDC*M>ONFTHorp'ate— omestic— onadnsd stock st•ock: bonandds \ stock foreign- boannddsShort-em stock HIBnteranioklCGaovnerdnmiantforegoviegrnmntLGoaanvnd.•Municpal—Stes,SPotsaeeisn dfignuoroest OFAPRIL BLoonagn-Tdesrm cscotopeaelrl,,,Eqmauniupfmctenst indausntrdl Oil-—_ bueildtcng.s, Shi•p_ingtIntrvraeudstsminng,,Miscelan—ou.s SBhooratn-Tdesm utiles- sccotopeaelrl,,,Eqmuanipufmtent aacensordi- indaunstrdl bueildtcn-gs, — ShipingtItnrrvauedstsminng,,Miscelanous Railrods utiles- sccotoepaellr,,,Eqmuinpumftent aacensordi. indausntrdl L_ — bueildtcn.gs, Shiping Railroads utiles—. Equipment aacensodri indausntrdl bueildtcn.gs, Ship—ingtItnrrvauesdtsminng,, Tcoorptaatel
Comstockn Comstockn Tocotrpaalte Gtoranadl
"Miscelano-u
Railrods ;util es aenordi "Ruber
iJ-«alro—dsIntvreustsmn,Micelanous y■'•> Total,--i sccotoepaell,,r^
MONTH
Long-term Short-em Pref redCom on Candian- Long-term Short-em Pref red Other Long-term Pref red
•These
,'*
•
gy.:\
"
s.
\-;-V
Other Farm
'r-
Total
United
;
v
Public Iron, •Mot rs
Total
Public Iron, Motors Other y Land, Rub er
Other Land,
Oil
Total-
Public Iron, Motors Other Land, Rub er
Public. -Iron, Motors Other Land, Rub er
Oil
Oil
j
•■
y.
—
•
-
oTfGi.; J-*oe-& QtPfrt "
•
Oil
QrpGJ. IMOfOi Etimi)!
Csuac
*
U
i
■
jrwT';
';
V.'C*
y;
'
:'-r
■
5=
"
750, 0
L
670,98 06 til,953 0 16,745^0 16,4826 20, 0 936,25 70
26,0
$
1,2705 4,0 0 158,064 46,12.031 25,0 0
Capit l 25,6370 1,35,0 3,50,0 21/9,625 40,50
Refundi g 4,0 0 79,14056 8,50 432 25,0 0
.
17,3860 2085,7)0257 210,830
Capitl
Total
'
Refundi g 831,72 86 2,14.0 192,843 5 15,62037 48,20 0
Reconstrui
Capitl 154,8 14 218,30471 27,1 59
Capit l 47,380 9,25,0 10,0
Total
S
New
Total
39 ,0 0
6,185,0 96,3758 25,6370 7,25 ,0 3,50 , 0
73,89 68 10,3890
132,0 0 0 ,0
33
6i,3250 180,5312 165,01642
Refundig 270,546.318 3,25,0 49,326158 29,60 57
82,1 0 45,0 0 15,30 16,3 189 29,0 0
$
.
Capit l
New
Total
39 ,0 0
792,1 32 58,09 0 13,20564 135,4 85
$
1,786.4 0
10,~27349
1, 0 , 0 146,7 83 24,39.268
5,0 0
47,380 12,79348 1,52,08 15,73 5 28,0 0 3.590726 4.9070 29.57,098
50,0 0
2,14.0
689~86 60 ,0
10,2931 5,620 79,0865
450,9 247,35 2 5,625,0 128,5.126 2.768,42 13,9 .0 2,81957
75,0 0
436,0
38,7250 1,38 5172
689.80
2,31957 5,2 69172 7,49 52
51 .0
28, 7910 2,580 40,~2T 570 315.6 ,397 2,37460 I,"180*403 9,"157 2 26,83 914
v
;
Capitl 1,632750 1,0,0 14,2036 237, 216
COORPFATE,
SUM ARY
New
20 ,0 0
1,50 *
3,05,0 3,250
1,0 ,0 1, 0 , 0
$
2,067 349 135,20 1,398.62 3,750 38,7195
Capit l $ .147,650 726,540 30, 0 8,50,0 307,89450 251, 0 14,60 12,0 0 189,~275O0 1,687350
10 ,0 0
1,0 0 1,0 0
New
,
3
—
-
CHAR TE
"l^09,48 7
—
2,580
—
7297,01,68921546
1.046 30,84-61 5741520 36,1859 706,13 -7_—2,14903 1051.62 493,78 601,792
61,50 , 0 5 9,486034 2 ,8^6d,0.6 470,24897512,091.630 5.061.0 65,0 ,0 2.0 .0 139,86172 1.48,0 .91
1,80 0 247, 3564 3,0 ,0 35,412 53 30,6l70 25,0 0 7081930 8,791,786
596,516
5,13205
352,7953
59,705 0 312,06 470 19,80 43,86 2 125.09,63 4,0 0 40, 0 I,29l070 13,04386
109.38,09 10,738 0 107,8 41 15,72 50 10, 0 35,4874 389,160 189, 60 82,3089 47,238 0 08^500! 432,5741 38,0215 25,960 12,0 0 10, 0 235.1,74
4,079536
Refundi g 42, 90 46,289 0 6,50,0 16,8250 21,075 0 1,30 0 9,40
-1948
708,930 4,621,40
68,975427 4,710,458
56,40 58,09 0 49,13657 160, 3 17 25,091630 3,20,0 1,291,07 37,89 72
10 ,0
189, 60 72,8130 36,50 0 8,50,0 324,750 27,30 25,960 12,0 0 198,7650
$
9.62°,75 8.46,579
'
59, 75,0 01,325,0 18,69084 165,32 475 25,0916303,20 ,0 2,0 ,0 42,5 1, 72
1,50, 0
2,16331,9697507 3,471598,476003 OGARNUFPIND 1,18543,74600
5,0 0
$
'
New
6,895 46 40 ,0 0
248,510
Refundig 153,746 0 5,13205 4,67 052
s
-1948
16, 20,
20 ,0 0
Total
1.514,2239436.069908
2,064 0
\
1,28937
2,316970
10,89257 42, 90 50,369. 6,50 0 2,375 0 21,075 0 1,30 10,8651 163,95 7
105,3962 10,7380 102.35,06 15,72 0 10, 0 34,852 31 378,9264 147,650 831,9 562 40,7380 8,50 0 410,9706 36.94,50 14,60 12,0 0 10~ 0~ 25,1723 2,067+ 349
• 3AEPNR0DIL NotBesao.—nds ectop;.,manufctres- oi-maanufctnrig.d ——.-beuildtcngs, 're¬-■htoraltindcveisnt.mg,-ru,>— ";. — NBoaonds ecotp.,manufctres oi-maanufnctrdig et—c— -hettorrlatudcisn.g,, ecotp.,manufctres oi. maanufnctrigd- httorraludsing,, eccotopa.lr,,manufces tb—oriuc.amannufcdtrig etc. httroreauldtsicn.g,, • securit
3AEPNR0DIL "./ bonaonted—dss bapoontdcs stock. stock-.foreign—bnoaontnedsd.s stock. 1 —Ban—kGovernm—t ovrm AGgeoncv—its.&a.ees,,
T--
Pose ions
MONTHS Corpate-— Domestic- Long-term Short-e—m Presftocrekd Cosmtockon Long-term Short-em? Pref red Com on Long-term Short-em Pref red Cosmtoc—kon
4
.:
Other
'
?
i
corpate Loaandn Municpal—S taes toal-.
'3.-iV Interaio l Candi fOorethigenr
Grand
Total
Farm
3
|
f
*
United
I
v'
J.'
MONTHS Long-Term 'Railrods utiles- csoteal,l, Equipment aMontodrs industral Ruber Shiping Miscelanous --— Short-Tem Railrods utiles. csteol,-al, Equipment Maontodrs industral Z buildngs, Rube—r Shiping Investmn
Miscelanou
. liand,
Total
4
Public Iron,
Other
oit
i
!
Fubliq Iron,
Other Land,
Oil
7
Total
utiles. coal, industral *
Railrqds Public Isroten,l, Equipment Maontodrs Other
Oil
Rub er Ship ng
Investmn Miscelanous
Total
utiles industral buildngs, Shipng Investm Miscelanou corpate
Railrods Public Isrtoen,l, Equipment MaonOtUt-IdxUros Other
IVIO
Total
Oil
Land, Rub er
"^?7•.
"*
49,064538 2 ,168427 13,9 0 50 ,0 7.~36o7 O 6 ,627
$
4,150, 0
-
462.01, 278,0 41 8,205,0 53.4^738 491,76985 302,4760 13,9 0 4,9 50 25.681,237 51.39,6 1,6927
Capit l 59,705 0 26,8 13 19,80 0 27,63805 10, 0 1,20,0 40, 0 36, 461
10, 0 6,830 1,067153 21,0 0
v-
139,0 841 8,205,0 40,96438 394,72985 2,97460 5. 0 16 5 li,42l37 3,986
61,50,0 41, 6950 2 ,80 , 0 30,75 0 10, 0 31,861,0 65,0 ,0 37,80,0
$
-
'
2,650
$
-1947
V
34,578+0 23,4.213
3,568,4 1,452,08 82,59 35 57 907926 24,~57 098
Refundi g 1,80,0 178,24 137 3,0 0 30,71695 30761,0 25,0 0 1,35 86
10,273497 t82,1 0 5,0 0 18,960 1,023 ,42 50, 0
>■
125,0
1,046 0 1,52 406 12.50, 47,980462 57,31573 "94 750
$
New
Total
2457,0
10,68531 50.83,90
4,0 0 1,839150 1,837,920 4,037146 6,50,0 24,1827 8,42 8 597,4250 531,4 50 32, 7920 103,65146 10 ,0 6.50,0 4,32760 24,18.27
4,90 , 0 5,0 ,0
28
47,64593
2,50,0
$
Capitl
58.730
.
4,0 0 15,407634 3.290, 0 126,9 501 10,9 26 48,723 70 204, 8 31 64,8905 54,13764 3,890 219,36501 28,0 0 IO .O O 10,9 20 9.2370 53,72.370
156,7842309563,401
1,5249361,6009345718428,788932 21,483765129,68964572021,338039755 *'•--.FAEMTNPOFTIUDRHCS0SNONUOHIRALPERSEWAD 1,2965701384,20976,30925514,1683
EAMTFNPOAMDILHFRUGAFUONIOLVCRESRPDEGNMIGNT,
S
$
j'
v/f
462.01 136,90 12,50 0 97,045 0 279,50 13,9 0 1,4 ,50 14,260 17,2850
$
Refundi g 450.9 , 0 135,6794
-1946
57,41 0 24,93857
New
-1947
C70.98 06
4,0 0
$
m
90 ,0
1,063458, 0
:
4,0 0
9,23,0 5,0 ,0
23,41 T'•%r-t&yZ,.YFEIVARS; 126,905
FY3EIOVA0RS
51 ,0
$
6,120, 0
Refundi g 597,4250 475,0 30,5 0 59,680
1945-
398,6250 67,15.0
$
-194G—
Devalopnmdnt.
10 ,0 0
64,8905 48,730 30,6 0 92,70 0 28,0 0
$
456,0 310,5 87
90 ,0 0
986,570 2,65.0 41, 8065 24,73902 48,20 0
$
Total
16,950 148,90 2
127,05 78,12^34 37,61509
New
—
'
+
$
$
-
21,05 0 69,0 218 45,0 .0 2,10,0 137,29 18 26.0 0 245,6 0 40 ,0 0 91,427593 15. 0 45.0 , 0
28,39 0
$
New
17,3860 301,~2o70 359,0 2
1,42^570
:;v
193, 2906 50,8.90 t5.1 0 .450 .0
-.
27,10
750, 0
750, 0
$
54,39 024 12,70 290,352 7
New
-1945
40Q-° 0
2,358^75 15,TliQ 0 2,057 0 309,6537
-194 Refundi g 26,0 0 2 3,7650
47,64593 lL953;H0 16,745TO 62,5024 7,290, 0 645,903
Capit l 126,90 25 73,807582 2,45706
$
50,4 0
142,96 0 10,3890 45,0 0 8,25,0 ; 3 ,5680 t51,6370 25,80 3,90,0
"
$
Total
750. 0
;
Refundi g 283,695 7 750, 0 137,29 18 26,0 0
-194
fal ""6 3,90,0
Tot
51,6370 24,90 . 5'0.1 0 40.5 0 15. ,0
$
410,620 21,0980 2.457,06
$
"J
-Total
*
-1
6
(2250)
THE
COMMERCIAL
E.
(Continued from
Pollock
&
Co.;
Co.,
Inc.;
&
Co.;
The
Schwabacher
Yantis
&
4,833,000 Union
June
3)
page
v
Co.;
Inc.
Terminal
The
Wisconsin
Milwaukee
&
Co.;
Co.;
Co.;
Thomas
McMaster
Mullaney,
&
Co.,
F
(Dallas) 1st mtge. 3% bonds, due
Purpose, refunding. Price, 100 and interest-.
Halsey, Stuart & Co. Inc.; Dick & Merle-
by
Insurance
Smith;
Dittmar
Freeman
and
W.
&
Co.;
Pressprich &
100
&
Co.;
Otis
&
Co.,
and
interest.
7,000,000 Southern
Offered
Counties
3!4%
series
Price,
$40,528,000
PUBLIC
*$750,000 Arkansas Western
3/2%
series,
etc.
Placed
UTILITIES
Gas
due
Co.
1st mtge. sinking fund bonds,
Purpose, extensions to property,
through E. H. Rollins & Sons, Inc.
privately
4,500,000 California
series,
ments,
Stuart
&
etc.
Price,
v
Co.
*7,000,000 Carolina
1st mtge. bonds, series D,
Purpose, additions ,etc.
Price,
Provident Mutual Life Insur¬
Co.
1st
mtge.
Purpose,
and interest.
101
bonds,
30,000,000 Consolidated Natural Gas Co. 2%% debentures, due 1968.
Purpose, acquisition of additional shares of subsidiaries.
Price, 100% and interest. Offered bv Dillon, Read & Co.,
Inc.; Bear, Stearns & Co.; A. G. Becker & Co. Inc.; Blair
Co., Inc.; Bramhall, Barbour & Co., Inc.; Clark, Dodge
Co.; Dick & Merle-Smith; Estabrook & Co.; Laurence
&
&
M%Marks & Co.; Reynolds &
Union
due
&
Securities
Power
Hutzler;
Corp.
»*.
1978.
Public
&
Redpath,
and
William
Blair
3%%
bonds, series B,
bank loan, construction,
&
Co.
Thomas
&
Brothers
&
&
Cummins, inc.
*15,000,000 Houston Lighting &
1978.
New
of
Purpose,
York Life
New
York;
Mutual
Life
surance
Co.
*340,000 La
Crosse
Power
finance
mtge.
construction.
Insurance
Penn
1st
Co.;
Mutual
Sold
Mutual
Life
Co.;
(Galveston).
3%
due
Life
Insurance
and
Insurance
Co.;
American
In¬
Co.
finance
Co.
1st
Purpose, construction.
^
vately
to
1st
mtge.
3%%
construction.
June
1,
bonds,
Price,
Co.
3 (4 %
Price, 99 (4
bonds,
due
with
Price,
program.
4(4%
convertible
1st
Purpose,
to
Purpose,
two
notes,
pay
3(4%
bonds,
mtge.
Halsey,
Stuart
Monroe
and
Co.
&
Co.;
Co.
and
F.
S.
Yantis
and interest.
Sold
pri¬
*750,000
&
Inc.;
Blair
G.
H.
&
Co.;
Walker
Alex.
&
Brown
COAL,
Co.
COPPER,
1st
mtge.
ETC.
&
Sons;
Stroud
&
»
series
B,
&
&
Inc.;
Co.
Hayden,
Moore,
Co.;
Stone
Leonard
Paine,
Webber,
AND
Assurance
Kebbon,
Co.;
&
&
Offered
by Halsey, Stuart & Co. Inc.;
Almstedt Brothers;
C. S. Ashmun
Co.;
Baum
&
Co,; A. G.
William
ton
Blair
Broome
&
&
Co.;
Co.;
Clayton
Securities
&
Dempsey
I.
.
i
i
■
Co.;
duPont
Becker
H.
Byrd
Co.
INDUSTRIAL
the
of
AND
Curtis;
&
Co.;
m.
Dick
Dain
&
&
Co.;
r.
Merle-Smith;
l.
Glass
Co.,
4%
due
Francis
Co.; Elkins, Morris & Co.; Equitable Secur¬
ities Corp.; Fauset, Steele & Co.; First of
Michigan Corp.;'
Folger, Nolan Inc.; Graham, Parsons & Co.;- Green, Ellis
& Anderson; Gregory &
Son, Inc.; Hannahs, Ballin & Lee;
Ira
Haupt & Co.; Hayden, Stone & Co.; Hornblower &
Weeks; r. H. Johnson & Co.; Kalman &
Company, Inc.;
John
Kormendi
Co.;
Martin,
Burns
&
Corbett,
Inc.;
Mason, Moran & Co.; A. E. Masten & Co.; Wm. J. Mericka & Co., Inc.;' The Milwaukee
Co.; Minsch, Monell
& Co.; Moore, Leonard & Lynch;
Mullaney, Ross & Co.;
Nashville Securities
Roger
S.
Palmer
Inc.;
Phelps,
j
income
Price",
Co.,
*250,000
Shale
bonds
and
100
Brick
due
Dec.
Corp.
Price,
The
mtge.
gen.
series
Wm.
E.
Pollock
Co.; E. M. Newton & Co.; Otis & Co.;
Patterson, Copeland & Kendall,
& Co.;
B. W.
Pizzini & Co.,
Inc.;
interest.
Rapids
Hardware
Purpose,
vately
with
*800,000 National Oats
Co.
of
Co.
Purpose,
&
1st
4%
lrtge.
3%%
note.
with
10-year
Mutual
privately
bond,
Franoiscp),
refunding.
Talbot,
Price, par.
selling
as
6%
*12,000,000 Pillsbury
1,
1968.
to
New
&
Co.
Mills,
Inc.
due
pri¬
York Life
and
Insurance
Co., Inc.; The Robinson-Humphrey
Schoellkopf, Hutton & Pomeroy, inc.; Scott & Stringfellow; Chas. W. Scranton & Co.; Shaughnessy &
Co., Inc.;
Singer, Deane & Scribner; Stern Brothers & Co.; Stifel,
&
Co., Inc.;
Walter Stokes & Co.; Stroud & Co.,
Inc.; Swiss American Corp.; Thomas & Co.; G. H. Walker
& Co.; Weeden &
Co., Inc.; Wheelock & Cummins, Inc.;
Wurts, Dulles & Co.; F. S. Yantis & Co., Inc.; Yarnall
&
Co.
due
Co.
through Goldman,
25,000,000 Swift
Co.
&
Purpose,
25-year 2%%
due May
1.45%
Co.
&
to
serial
2.55%
Purpose, plant
interest. .Offered by
and
debentures
rehabilitation,
Salomon Bros.
Co.
Power
Purpose,
Co.
1st
mtge.
construction,
privately
with
John
etc.
Price,
Hancock
100
Mutual
series
and
Line
Pipe
bentures
of
due
Co.
Co.
15-year
3Vb%
Stendel
funding.
de¬
Oil
loan,
\
due April
1,
1973.
M.
general corpoate purposes, ($20,000,000).
through F. S. Moseley & Co.
V
series
Lundborg
&
Co.;
shares
of
cumulative
$100).
(par
Purpose,
pre-
finance
110,000 shares of
common
stock
(par
finance
expenditures.
Price,
$13
per
$13.50 per share to public. Offered
by
stockholders.
underwriters;
Pierce,
Hallgarten &
Marks
&
Co.;
Unsubscribed
Kidder,
Fenner
&
Hornblower
Co.;
F.
L.
Bear,
Kidder
&
Co.;
Stearns
&
Co.;
White, Weld &
Weeks; Laurence
&
Rothschild
(32,892)
Peabody
Beane;
&
Co.;
Shields
&
(par
Price, $102
Offered by Wegener & Daly, Inc.
Utilities
Co.
shares
22,750
construction.
Purpose,
for
preferred stock
Purpose, additions, improvements, etc.
per share.
•>
Price;
subscription
691,100 Mountain
by
of
stock.
common
$12,50 per share.
Offered
stockholders and underwritten by
Jones & Co.
>
States Telephone
& Telegraph Co. 6,911 shares
capital stock (par $100).
Purpose, repay advances of
American'Telephone & Telegraph Co.
Price. $100 per
of
of
Offered
for
subscription by
stockholders
subscribed by stockholders other
shares; were
Gas
(the
than
'
•
6,500,000 Oklahoma
Electric
&
Co.
65,000
shares
of
cumu-
lative preferred stock, 5(4%
V/
series (par $100). Purpose,
expenditures. Price, $104 per share
and dividend.
Offered by Harriman Ripley & Co., Inc.;
Gkxre, Forgan & Co.; Estabrook & Co.; Paine, Webber,
Jackson & Curtis; Spencer Trask & Co.; Drexel & Co.;
Swiss American Corp.; Alex. Brown & Sons; Schoellkopf,
finance
Pur¬
construction
Hutton & Pomeroy, Inc.;; Tucker, Anthony & Co.;
R. J,
Edwards, Inc.; Hayden, Miller & Co.; H. I. Josey & Co.;
Stern
Brothers
&
Co.; Stroud & Co.,; Inc.; C.
Edgar
Honnold; Mullaney, Wells' & Co; Riter & Co., and Chas.
re¬
(Ohio) 20-year 3% sinking fund deben¬
tures, due April 1, 1968. Purpose, refunding. ($15,000.000);
Son
Stearns & Co.; Goldman, Sachs & Co.;
Co.; W. C. Langley & Co.; Wertheim
by
Lynch,
$100).
y ,
^
^
20-year 4% loan. Purpose,
Sold privately to Union Oil Co. of Cali(.
&
Co.
&
2,100,000 Idaho Power Co. 21,000 shares of 4%
Placed privately with Metropol¬
Corp.
Murch
Harper
Company; Milhous, Martin & Co., and Reed & Co.
W.
*35,000,000 Standard Oil Co.
Scranton
Vl6,771,375 Pacific1 (Gas
stock
Price,
Placed privately
(par
$25
&
Co.
per
Co. 670,855 shares of common
finance construction program.
Offered for subscription by stock¬
Electric
&
$25).
Purpose,
share.
holders.
*425,000 Standard
corporate
Royalty
Corp.
purposes.;
Sold
of New York.
oil production loan.
Purpose,
privately to Mutual Life Insur¬
Corp. 321,726 shares of common stock
retire demand bank loans, finance
Price, $40 per share.
Offered for
subscription by stockholders. Unsubscribed (9,930) shares
offered by Blyth & Co., Inc.; Dean Witter & Co.; Harri¬
Lighting
12,869,040 Pacific
(no
?1,400,000 U.
S.
Petroleum
quisition
Brothers.
of
Carriers, Inc. loan.
Purpose finance ac¬
tanker.
Placed
privately through Lehman
?
-x,
par).
Purpose,
expansion
Co.
ance
program.
Inc.; The First Boston Corp.; Smith,
& Webster Securities Corp.; W. C.
Elworthy & Co.; William R. Staats Co.;
Brush, Slocumb & Co.; Davis, Skaggs & Co.; Schwabacher
Ripley
man
Barney
$127,300,000
LAND.
BUILDINGS,
ETC.
&
*$5,500,000 American
loan.
Life
*11,500,000 30
Furniture
Purpose,
Mart
Building
refunding.
Sold
Co., Inc. 4% 20-year
privately
to Equitable
Assurance Society of the United
Broad
Life
$17,000,000
&
Langley
due
Insur-
offered
Edward D.
fund
Irving
Miller
Goldman, Sachs & Co.; A. M.
C. Langley & Co.; Wertheim & Co.;
Co.;
of Philadel¬
through Kuhn, Loeb & Co.
*84,000,000 Gulf Oil Corp. 25-year 3%
*475,000 Palmer
&
subscription
W.
etc.
Price,
& Hutzler.
sinking
P.
Co.;
&
1963. Purpose, finance construction
privately to New York Life Insurance
pose, repay bank loans.
itan Life Insurance Co.
Bear,
,parent).
Provident Mutual Life Insurance Co.
and
phia
Sold
Co.;
40,000
Corp.
Purpose,
Merrill
April. 1,
pipe line.
James
4.90%
Kidder
shares
6,911
Street
-
and
Assurance
interest."
Life
M.
share.
*$6,000,000 Buckeye
Maynard H.
Wm.
Co.;
Price, $100 per share and dividend. Offered
Peabody & Co.; Merrill Lynch, Pierce, Fenner
Kidder,
284,375 Missouri
May
& Co,;
Lester
and Revel
share-to stockholders;
100 and
due
Cali¬
Reed & Company.
OIL
expansion
bonds, 314 %
Power
stock
$7.50).
1973
1.
(Inc.);'First
Co.
Graham,
&
1,440,446 Florida Power Corp.
$62,675,000
_
1978.
j
^
serial debentures,
Insurance
debentures,
1949-1958.
100
4J/2%
Life
Co.;
Co.; White, Weld & Co.; Hallgarten & Co.; Hornblower
&
Weeks; Laurence M. Marks & Co.; L. F. Rothschild
& Co.; Shields & Company; Milhous,. Martin & Co., and
Purpose, working capital. Sold
Standard
Power
Beane;
for
finance plant rehabilitation, etc. Price;
Offered by Salomon Bros.. & Hutzler.
interest.
10,000,000 Swift
Jefferson
to
common
&
*4,000,000 Southern
privately
D.
by
Sachs
Acid & Sulphur Co., Inc. promissory note, due
April 1, i960.) Purpose, pay balance of RFC loan on pur¬
chase of fertilizer plant and corporate purposes.
Sold
privately to Metropolitan Life Insurance Co. through Dil¬
lon, Read & Co. Inc.
Republic
&
Eichler &
Co.
&
Lumber & Veneer Co. 15-year 4%_ sinking fund.
debentures,! due May 1, 1963.
Purpose, -corporate pur¬
poses.
Placed privately through Reynolds & Co.
Corp.
long
term
States.
/
construction.
Society of
the
Sold
loan.
to
(no
general
Equitable
Co.,
Stone
Co.;
Mitchum,
&
par).
share.
-
Upi^d ^tates,
&
Co.;
Co.;
Tully
Hill
& Co.; Bateman,
Richards & Co. and
Eichler
&
Pacific
Co.
Co.;
of
California.
Purpose,
privately
Co.;
Lester
&
shares of
1,326,525 Peninsular Telephone JCp. 35,374
.
*2,500,000 Otter Tall
Placed
March
Sold privately
i
shares of
100.000
Davis, Skaggs
Co.;
William
\J ferred
*2,500,000 Roddis
due $25,000 semi-annually.
&
Bateman,
4,000,000, Florida
Piper, Jaffray & Hopwood.
*750,000 Southern States Iron Roofing Co.
Elworthy
expenditures!
note,
ex¬
Light Co. 5,957 shares of common stock
(no
par).
Purposes, capital funds.
Price, $60 per share.
Offered for subscription by stockholders.
note, due Oct. 1,
Offered by Planna-
promissory
Purpose,
additions, betterments,
etc.
Offered by Blytli & Co., Inc.;
Kidder, Peabody & Co.; Dean
Corp.:
.Central
Paine-Rice &
agent.
3 *,4%
Co.
share.
per
Co.;
Foster. & Marshall;
Co.;
357,420 Dallas
Purpose, working
Life
Insurance
Purpose, increase working capital.
series.
1947
Co.;
A.
(San
75,000 shares of cumulative
5%
Parsons &
Co.;
Co.; Walston, Hoff¬
& Goodwin; Wulff, Hansen & Co.; Brush, Slocumb &
Co.;
/
6%
Placed
are
I-Iayden, Miller & Co.; Hill Richards & Co.; Mason
Brothers; Mitchum, Tuliy & Co.; Pacific Co- of California;
Pacific Northwest Co,; Raggio, Reed & Co.; Wesley Hall
&
Co.; Whiting,
Weeks & Stubbs;
Waldo Hemphill &
Yurk.
Fabricators
1957.
Co.
corporate purposes.
Life Insurance Co.
York
Placed
New
75,000 Nulco
general
New
pre¬
Purpose,
Boston
Co.;
&
Inc.
Grand
&
Co.;
Nicolaus
$21.50
&
Co.;
1955.
A
$20)
Power
$20).
First
man
1957. Purpose, working capital.
Offered by Warren W. York &
1,
while
UTILITIES
(par
Oregon
(par
Schwabacher
1,
par,
curities Corp. and Mitchum, Tully & Co,
2,150,000 California
City
300,000 Glen-Gery
Co.;
Fenn
stock
Witter
April
at
etc.
Price $21 per share and div. Oifered by
Webber, Jackson & Curtis; Stone & Webster Se-
Paine,
States.
loan,
taken
are
offering prices.)
preferred
MANUFACTURING
Inc.,
value
par-
value and all classes of common stock
par
their
at
stock
United
due
pri¬
tensions,
refunding, ($1,462,500); erection of plant ($537,
Placed, privately with The Society for Savings in
of Cleveland.
* '
)
500).
Day
&
stated
a
no
$1,500,000 Associated Telephone Co., Ltd.
H.
Riter
Purpose,
Allison-Williams
Boynton & Co., Inc.; Stock¬
Brothers; City Securities Corp.;
J.
of
PUBLIC
te
Co.
*2,000,000 Brookway
Co.; George K.
Inc.; Blair & Co., Inc.;
F.
Corp.;
&
&
(Issues Maturing
Notes
Finance
Corp.
4(4%
subordinated notes,
1953.
Purpose, corporate purposes.
Placed
through Paine, Webber, Jackson & Curtis.
Mc-
Maynard
Lynch;
Jackson
computed
ACCESSORIES
Society
40,000,000 Ohio
Power Co. 1st
mtge. bonds, 3%
series, due 1978.
Purpose, refunding, ($1,067,000); repay notes, construction
expenditures, etc. ($38,933,000). Price, 100.99 and interest.
due
1,
stocks of
1973.
property
loan,
•
stocks
ferred
*$5,000,000 Botany Mills, Inc. 15-year 3%% loan. Purpose, additional
working capital. Placed privately with Metropolitan Lite
Rock Water Co.
1st mtge, 314% bonds, series
Purpose,
refunding,
($300,0001;
finance
additions, ($275,000).
Placed privately.
due
fund
capital expenditures. Placed pri¬
Life Insurance
Co.
through
STOCKS
(Preferred
Fauset, Steele & Co.;
Co.
&
OTHER
1,
*575,000 North Little
sinking
3(4%
Co.
Purpose,
Bonds and
fornia
Co.,
Gibson.
Fuller
&
1965.
*$1,000,000 General
4(4%,
bonds,
*$2,500,000 Kelsey-Hayes Wheel Co. 1st mtge. 314% bonds, due 1961.
Purpose, corporate purposes.
Sold privately to Equitable
Co.;
Whiting, Weeks & Stubbs;
Bacon, Whipple & Co.; First of Michigan Corp.; H. F.
Boynton & Co., Inc.; Hayden, Miller & Co.; Weeden &
Co., Inc.; R. L. Day & Co.; Pacific Northwest
Co.; Almstedt Brothers; C. F. Cassel &
Co., Inc., and Webster &
Purpose,
with
Short-Term
v
S.
William
Bear
1,
April
ford
Corp.; Merrill Lynch, Pierce, Fenner & Beane;
Moseley & Co.; R. W. Pressprich & Co. Estabrook
Co.; Hemphill, Noyes & Co.; Paine, Webber, Jackson
Curtis; HornbloWer & Weeks; Tucker, Anthony &
Co.;
1958.
$34,815,000
refunding.
MOTORS
Securities
F.
subordinated loan, due
4(4%
March
annually
Metropolitan
Goldman, Sachs & Co.
Co.; E. H. Rollins & Sons Inc.; Salomon Bros. & Hutz¬
ler; Singer, Deane & Scribner; Stein Bros. & Boyce and
Stroud & Company Inc.
States.
35,000,000 Mountain States Telephone & Telegraph Co.
30-year 3 Vis %
debentures due 1978. Purpose, repay advances from Amer¬
ican Telephone &
Telegraph Co. (parent). Price, 100.875
and interest,
to yield about 3.08% to maturity.
Offered
by Harris, Hall & Co. (Inc.); Drexel & Co.;
Equitable
&
St'ix,
vately
,
vately
States.
Sold priGoldman,
Co.
31,
vately
capital.
Co. 3%%
sinking fund debentures, due
Purpose, extensions,
etc.
Price,
par.
Sold
pri¬
to Equitable Life Assurance Society of the United
1963.
promissory note due April 1, 1968.
bank loans, corporate purposes.
Life Insurance Co.
through
repay
&
June
&
&
1st
*400,000 Missouri Utilities
3.18%
sinking fund
Placed privately.
Inc.
expansion.
31,
1950-1957
and $200,000
to retire existing bank debts.
Placed privately with Provident Mutual Life Insurance Co.
Co.
&
Stores,
Purpose,
1968.
$100,000
Dahlberg
privately.
Metropolitan
March
William
Inc.;
Henry
Inc. 3(4 % sinking fund deben¬
capital investments, extensions,
*1,000,000 State Loan & Finance Corp.
construc¬
companies.
insurance
Purpose,
*7,000,000 Hecht Co. 20-year 3(4%
de¬
etc.
Co.
York.
New
Stores,
Department
due
due
Ripley
1973.
investor.
York.
New
of
1st mtge. note.
Purpose,
privately with Mutual Life
*4,000,000 Grayson Robinson Stores, Inc. promissory notes due an¬
Purpose, refunding,
($2,nually through May 1, 1960.
500,000); general corporate purposes, ($1,500,000).
Placed
privately
with
Prudential
Insurance
Co.
of
America
through Emanuel Deetjen & Co.
Glore, Forgan & Co.;
Glover
&
MacGregor,
Inc.;
Graham,
Parsons
& Co.;
Grubbs, Parsons & Co.;
Hallgarten & Co.;
Harriman
102.25
mtge. bonds, series C 3(4,%. due
Purpose, construction.
Price. 101.
Placed
Equitable Life Assurance Society of the
1971.
privately
United
mtge.
institutional
an
*2,500,000 Missouri Utilities
note,
Purpose, development,
institutional investor.
1972.
to
&
Steel
1955.
Power
10-year
of
1963.
*15,000,000 Federated
debentures
1958.
an
by
STEEL,
Collins & Co.;
and
*1,000,000 Mississippi
1,
Co.
Brothers
due
&
interest, to yield about 2.23% to maturity, Offered
by White, Weld & Co.; Salomon Bros. •& Hutzler; Dick
&
Merle-Smith; Stroud & Co. Inc.; Putnam & Co., and
Watling, Lerchen & Co.
Co.
Corp.
Placed
property.
Placed
etc.
Co.
Co.
Provident
National
Corp. 1st mtge. sinking fund 3%%
Purpose, corporate purposes. Price, par.
Purpose,
Co.
1,
Braun,
Purpose,
Insurance
Consolidated, Gas
1969.
&
Price, 99 and interest. Offered
by Kuhn, Loeb & Co.; A. G. Becker & Co. Inc.: Hemphill,
Noyes & Co.; A. C. Allyn and Co., Inc.; Blair & Co„ Inc.;
Blyth & Co., Inc.; Central Republic Co.
(Inc.); Julien
1958.
the
7,000,000 Michigan
Stuart
fund
Donnelley
of
,
Electric
Wood
$6,500,000 Pittsburgh
to
Telephone
bonds, due 1968.
placed privately.
Prme,
program.
Halsey,
by
tures,
due
privately
10-year 3(4% note. Pur¬
capital, etc.
Placed privately
Insurance
MISCELLANEOUS
Life
bonds,
H.)
Insurance
series,
Hill
Co.
Insurance
Gas
privately
E.
Collins
Wheelock
sub¬
Placed
;
3%
Co., Inc.; R. W. Pressprich & Co.; Thomas & Company;
Cormick
and
Co.,
10-year
capital.
Up to and Including Five Years)
Sold
Stern
Shields & Co.;
Inc.;
(Ruben
purchase
R. L. Day & Co.; Dempsey & Co.; Graham, Parsons
Co.; The Illinois Co.; Mullaney, Wells & Co.; The Ohio
Otis & Co.; Phelps, Fenn
Co.; Wm. E. Pollock
Murch
Julien
Sen,
working
Stores, Inc.
working
Life
Mutual
$189,591,000
1st
Inc.;
&
4(4%
Georgia
of
Purpose,
-
•
bonds,
construciion
Offered
with
March
Co.;
Harold
1978.
& Co.; Dempsey
& Co.; Otis & Co.;
Co.; Stroud & Co., Inc.;
Gregory
*1,200,000
Co.;
Purpose, pay
expenditures. Price, 101.75 and interest. Offered by Hal¬
sey Stuart & Co. Inc.; Auchincloss, Parker & Redpath;
Becker
with
Co.;
&
Retail
extensions,
pose,
Offered
Jan.
Offered
&
Co.
debentures.
*500,000 Consolidated
Sachs
due
interest.
mtge. bonds, 3% series, due
short-term loans and construction
1978.
Co.;
bonds
&
Hydro
Sold
Blair
Discount
ordinated
14,000,000 Wisconsin Michigan Power Co. 1st mtge. bonds, 3% series
due 1978.
Purpose, refunding, ($12,500,000), prepay bank
lean, corporate purposes, ($1,500,000).
Price, 100.875 and
.
Co.
Dick
due
tion.
Co.
1st mtge. 3%%
bonds, due
temporary bank loan, finance con¬
privately with Massachusetts Mutual
12,000,000 Gulf States Utilities
G.
1,
($2,115,to Pru¬
privately.
mtge.
•
mtge.
&
Natural
series
repay
1st mtge. bonds, 3(4% series, due
Purpose, extensions, etc.
Price, 99(4 and interest
privately to institutional investors.
&
Co.
1st
\
privately
*250,000 Wisconsin
Utilities
Co.
Co.
finance
interest.
and
IRON,
mtge,
*1,000,000 Gulf Power Co.
A.
1st
*300,000 American
Price,
capital expenditures, etc.
by Blyth & Co., Inc.;
Light Co. 314% sinking
Purpose, finance construction
1973.
Placed
;;
1st
Co.
Placed
Insurance
Insurance
interest.
Power
bentures
&
Purpose, repay
Placed privately.
Purpose,
collateral
j
-
Offered
Light
t
*1,500,000 Western
Co.; L. F. Rothschild & Co.;
Smith, Barney & Co., and
1973.
struction.
Life
Parker
Water
expansion, etc.
*500,000 Florida
Calif.
of
-
by Drexel & Co.; Hemphill",
Merle-Smith; Hornblower & Weeks;
Paine, Webber, Jackson & Curtis; R. W. Pressprich 6i
Co. and Tucker, Anthony & Co.
and interest.
Offered by Equitable
Shields & Co.;
E. H. Rollins & Sons
Corp.;
Inc.; Auchincloss,
.& Co.
■
1,
Co.
Purpose,
interest.
Purpose,
and
100.85
101
Securities
due Feb.
lien
capital.
*1,750,000 Edison
&
Noyes & Co.;
(fc
tion, etc. -Price,
*2,000,000 Davenport
1978.
Mutual Life
1978.
7,000,000 Texas
Light Co. 3(4% sinking fund debentures,
Purpose, pay short term borrowings, construc¬
1973.
Purpose, retire unsecured bank notes
000), additional equipment,
($1,000,000)r Sold
dential Insurance Co. of America.
|-
Ripley & Co.," Inc.; Dean Witter & Co.
Power
101.75
3(4%
&
Bros.
due
Inc.
additions, improve¬
Offered by Halsey,
Light Co. .3(4% notes, due serially from
April 15, 1952-April
14, 1958Purpose, pay 'bank loan
and
finance extensions.
Placed privately with Equitable
Life Assurance Society of the United States.
4,000,000 Dallas
due
Inc.
Power
Salomon
western
2,000,000 Texas
due
Oregon
Power
April 1,
1978.
due
""'T
fe'fe loan due serially Feb.
Co. 3
Barge Line
1949-1958.
*1,000,000 Southwestern States Telephone Co. 35/4%T bonds,' Purpose,
construction
and
expansion.
Sold
privately to
North¬
Ltd.
Placed privately with
Co. of Philadelphia;
ance
*$3,115,000 American
1908.
*700,000 Associated Telephone Co.,
3(4%, due Nov. 1, 1977.
par.
MISCELLANEOUS
Provi¬
Philadelphia, Teach¬
by Bioren & Co. "
Gas
100.959 and
Harriman
(
of
76,000 Pennsylvania
&
Southern
Gas ,Co.
1st
5%% bonds, due 1968.
Purpose, working
Co.
R.
Co.
_
Co.
t, 1978.
Offered
Mutual-Life
Insurance and Annuity Association of America, Bank¬
ers
Life Co., Equitable Life Insurance Co.' of Iowa and
Bankers Life Insurance Co. of Nebraska. ;*
S.
1948
Monday, r May .24,
ers'
Wells
and
CHRONICLE
——
Co., Mutual Life Insurance Co. of New York;
dent
&
Hutchinson
ance
FINANCIAL
&
'V
•
•mm
'
r-te written
•
-
Purpose,
Offered
for
*Rcpresents issues placed
privately,
-
&
-
stock
etc.
Price, $37.50 per
by stockholders.
Under-
expansion,
subscription
Morgan Stanley
and G. H. Walker & Co.
by
common
Co.;
-
Coggeshall
&
Hicks,
>%
h
dumber
.Volume 167
4701
THE
54,000 Princeton (N. J.),. Water Co.
900_ shares ;ofcommon.,stock
.%ftb*frarji7.U-)Ehirpose% (repay jwarnlssbry^ notes flud ;cnpit»l
improvements'.
Price, $60 per 'share.
Offered for
sub¬
scription by stockholders.
1/3,318
801
Public
Service
common
Co.
stock
of
New
(par .810).
"
Hampshire
Purpose,
139,739
shares
G.
Becker
:
Ac
Co.
Inc.;
E.
Ballou, Adams
M.
"
K
Hutchfns.
•
Newton
term
West As
of
bor1,
Ac
Co., Inc.; W.
Stroud
Ac
Co.,
Telephone Co., Inc. 2,000 shares
preferred
,
stock
obligations
$100).
(par
and
per share.
Rohrbaugh
H. Elmes
Purpose,
"
._
'
:
Ac
Ac
COPPER,
Ludlum
Steel
Corp.
cumulative convertible preferred
$1,000,000
Price, $100
holders.
Louis
gate,
Arthurs,
Co.;
;
and
&
Co.;
of
&
A;
Graham,
stock
Ac
S.
As
Inc.;, Scott
Inc.;
Clement
Co.,
Bro?3.
Eoycc;
As
shares
of
par).
A-.
Purpose,
$50
share.
per
Co.,
As
of
Chemical
preferred
7,150
Co.,
Inc.;
Inc.;
of
-
ing capital, etc.
through
stockholders,
$10).
(par
Price, $].o
officei's
and
for new
etc.
B
(ho
Price,
officers
pan.
$10
and
Purpose,
stores.
share.
&
share.
per
Offered
by
employees, principally
company
to
Roi
Co*
30,000
shares
of
four
stock
M
and
stock
Wood
$5).
(par
share.
per
Barth
Working
Purpose,
Offered
Northwest
Co.;
Ac
by
acquisitions,
Co.
of
share.
Ac
Stone
Marshall;
Hayden,
&
McGuire
Co.;
& Co.;
shares
etc.
of
Sold
Peabody
&
S.
Inc.;
Yantis
Bond
Fabian &
200,000 Midland
stock
Vida
Ac
Granbery,
Co.;
William
As
Co.;
Co.,
J,
F.
Co.;
Sutro
Marache
Ac
Ac
Co.;
O.
&
Co.
Inc.;
Blankenship,
of
of
stock
share.
Offered
"Unsubscribed
For
Mason,
Stock
issue
McCarty
of
capital
Price,
$15
share.
per
capital
stock
development.
1,000
shares
(par $100).
of
Purpose,
working
5V2r/r
capital.
Price,
Club,
Ac
Ac
Inc.
1,480
shares
of
Ac
&
Co.;
A.
closs,
Goodwin,
Inc.;
20,000
$10).
shares
of
Purpose,
working capital.
Daugherty,
P.
6%
Ac
Price,
Price, $10
of
&
per share
Co.;
Ac
Co.;
and
in¬
Ac
and dividends
Ac
Co.;
W.
E.
Ac Co.;
Gardner
Lee
Nulco
Co.
Ac
and
Bell
(San
stock
Francisco)
$10).
(par
Offered
par.
Ac
7,500
Purpose,
Hannaford
by
shares
of
.working
&
Talbot,
prich
selling
Co.;
States
Iron
Roofing
cumulative convertible
working
capital.
Offered
Ac Co.,
by
Price,
Equitable
Co.
40,000
$25
The
Corp.;
and
Co.,
&
Co.;
Norris
Ac
Co.;
Johnston,
Hirschberg,
of
A.
per-
•
:
Ac
Co.,
Lemon
Inc.;
G.
H.
Ac
Union
Carbide
(no
share
for
lor
Carbon
&
par).
Corp.
Purpose,
88,700
202,000
capital
shares;
Offered
100.375
for
capital
Price,
113,3G0
%•'/<»,
Hall
New
shares.
cash
funds.
common
Price,
stock
Ac
working
of
Co.;
C.
Ac
$12
per
Inc.;
par.
TRUSTS, TRADING, HOLDING,
Trust
$1).
of
Boston
Purpose,
Schermer
Ac
Lumber
&
preferred
&
Com¬
Ac
Co.;
Co.;
Andrew
Monell
Ac
Co.;
Ac
Co.;
ChasJ.
Sweney
Co.;
Cart-
Inc.
Co.
shares
69,500
stock
(no
par).
$1
Price,
Walston, Hoff¬
Hayden, Stone Ac Co.;
Inc.;
Sutro
Ac
Inc.;
Crowell,
Co.;
Burr
Stein Bros. Ac Boyce;
(par
&
Co.;
M.
Lumber
&
$l)i
Price,
Ac
Inc.;
Co.,
Bond Ac Good¬
Freeman
M.
Ac
'
\
Plywood
Co.
$23
Co.,y
shares
10,425
share.
per
tv
•
;
of
and
Co.;
Michigan
Co.
Ac
Ac
Julien
Co.;
Marks
Offered
Hayden,
Ac
Jaffray Ac
Pierce
Ac
Ac
Ac
Co.;
Co.
Miller
Tucker,
R.
per
Loan
Price,
Co,;
dated
consolidated
April
Price,
15,
Hardware
stock
Ac
par.
•
stock
common
Offered
Hayden,
by
Co.;
Co.,
$li.
(par
shares
Paul
H.
share.
per
Davis
Ac
&
(par
shares
350,000
$9
Parker
stock
common
Inc.,
Price,
Auchincloss,
of
Co.;
of
Offered
Johnston,'
Redpath;
Jack
M.
Co.;
lnc;
Co.;
Ac
Ac
Court's
Ac
Co.
Co.;
Inc.;
Ferris
&
Co.;
Johnson,
Inc.;
Kirchofer
Ac
Marshall
Earl
Inc.;
Stein
Straus
Thornton,
Varnedoe,
M.
Chisholm
Ac
&
Co.;
Ac
RR.
Mead,
Ac
Co.;
Boyce;
Co.;
Co.,
Van
Inc.;
WooKolk, Huggins Ac
by
1st
mtge.
1,
Miller
Scott,
potes
15, 1949.
2,425,000 Pacific
Offered by Everett Smith,
(no
par).
Co.,
agent.
Co.
and
Co.;
Ac
Ac
Morris
Ac
Alyst.yne,
C.
Ac
Lombardo,
Noel
Ac
Co.;
Williams
T.
50-year
Priced
Ac
Co.,
to
bold
yield
bonds
(non-
about 3.76%.
Co.
$14 per share.
Lighting
Inc.;
Shober.
4%
1954.
Smith, Barney Ac
(par $1). -Price,
Ac
Inc.;*
Horner
Stirling,
70,000 New Yorker Magazine, Inc., 5,000 shares of
Rhoades Ac
Co.,
Associates,
Blosser;. Stubbs, Smith
Mohr
Ac
Robinson-Humphrey Co.; Dallas
Seanlan
Bros.
Ac
Co.;
Brodnax
Mason Brothers; Mason-Hagan,
Ac
Ac Gardner; The
Space
Arnold
Ac
Clement
Inc.;
Gaines,
Lane,
Marx Ac Co.;
Crowell, Weedon.
Dempsey
Ac Co.,
Co.;
Son;
and
Ac
(Inc.);
Ac
Maxwell,
Inc.,
Co.;
Enyart, Van Camp
Co.,
Co.;
Ac
Inc.;
Ac
Co.,
Ac
Ac
Bousman;
Watling,
Co.;
Grimm
Mason,
Ac
Cohu
Cunningham
Evans
Inc.;
Issues
April
(par
Stanley
20,000
Rupe
Press-
non-callable
due
1948,
stock
Morgan
share. Offered by A. G. Becker Ac Co.
Reinholdt
Hutzler;
Ac
&
Co.
Co.
Loewi
Morgan
W.
by
^
share.
per
Ac
common
Offered
"
$14.50
Bradford
C.
per
150,000 Naugatuck
Banks
of
J.
Morgan
&
Kalman
White, Weld Ac Co., and
Government Agency
and
shares
share.
associates.
Johnson
&,
Co.;
Smith, Barney Ac Co.;
Ac
334,400
$11%
Inc.;
Inc.,
Price, $20%
Co.,
A.
Loeb,
Reynolds
Bros.,
Anthony
Co.;
M.
Blair
Co.
Doolittie
Weeks;
Co.;
Inc.;
Co.,
Hornblower Ac Weeks;
Ac
Merrill Lynch,
Ac
Hopwood;
Ac
Shields Ac Co.;
Co.;
Co.;
Salomon
Co.;
Carl
Goodwin;
Bateman,
Eichler Ac
Co.;
Baumgartheiy
Downing Ac Co.; H. M. Byllesby Ac Co., Inc.; C. F. Cassell
C. Laiigley Ac Co.;
Turben
Ac
Bass
Goldman,
Hornblower
Brothers;
Ac Goodwin,
Ac
Corp.
$10);
lemon
Collins
Ac
Ac
B.) Kleinert Rubber Co. 6,000 shares of
by
Campbell.
Corp.;
(Inc.);
Bond
Freeman
and
common
Blair
Dillon
Eastman,
Hoffman
Co.; Maxwell, Marshall Ac Co.; Sills, Minton
3,150,000 Moorc-Hiuuilcy
Intermediate
Credit
Banks
1.55%
consolidated
common
stock
Offered by Carl M. Loeb,
Silberger Ac Co.
Corp.
50,000
shares
of
stock
common
Inc.
new money,
500,000
Price,
($24,685,000),
investment in
of
Price,
Intermediate
Credit
Banks
1.45%
money.
York,
Price,
fiscal
par.
Offered
by
Allen
3,195,750 St.
consolidated
Charles
$48.59
Dunn,
share.
per
Oifered
by
Blyth
Ac
agent.
•
Fierce,
Price,
Co.;
Bosworth,
Lee
W, •Carroll
Baktr
Sullivan
&
As
&
Co.;
Co.;
Bingham, Sheldon A,
Brush,
Slocumb
Co.;
Ac
Co.;:
stock
$164,070,000
City Securities Corp.; Columbia:
Craigmyic, Pinney Co.;. Estabrook &.
Co.; i
MacGregor, Inc.; Hayden,: Miller & Co.;
Hayden,
Stone & Co.; W. E.
Hutton\:& (?p.; A. 5£.r Kidder & Co.;
Co.;
Glover &
.
'i
to
XV
b-V/i!
•
'
.'
.
*;
"
Issues
Not
Representing
New
"16,000 Sylvan
Financing
(no
Steel
Co.
Price,. $533/2\
1,385,800 American
stock
M.
24,000 shares of
common
stock
(par $10).
New
Mexico
"Price,
339,639
$13.25
Fenner Ac
Heat
300,000
Co.
$7 0.6525
Kidder,
per
Peabody
shares
share.
per
of
shares
of
share.
Ac
Co.,
stock-
common
Offered
and
by
White,
Merrill Lynch,
Inc.,
30,000
shares
Price, $3.25 per share.
of
common
Offered by H. P.
Corp.
Seal
par).
Fenington,
Milk,
Price,
Colket
Inc.,
2.000
about $0
Ac
per
shares
share.
of
common
Razor
Corp.
135,200 shares of
(par $5);
Price, $10.25 per share.
Loeb,' Rhoades & Co.
capital
Co.
$32,769,317
Offered by Carl
"Indicates
issues
placed
privately.
stock
Placed privately by
Offered by F. S. Moseley & Co.
Safety
com¬
Offered by
Beans.
Elements,
(par 10c).
Carver
$1,284,000 Acme
Co.;
97,500 Safeway
capital
securities.
Paper
Price,
A:
of
Co.
$5)'.
(par
-
Ac
Co.
(par «$71.
Regis
Weld
Purpose,
R.
Service
stock
mon
Offered by Charles R. Dunn, New York, fisckl agent.
New
ETC.
shares
4,500,217 Public
Purpose,
Offered by Harriman
Ripley & Co., Inc.; A...E,.
Co.; James S.
investment
Mtnsch,
R.
(I.
410,000 Mead
Auchin-
William
Dodge Ac Co.;
Lehman
refunding, ($29,885,000);
share.
subscription by stockholders.
$10,000,000 Shareholders'
Aub &
Co.;
Starkweather
Bradford
Boyce;
M.
Price,
and
Co.
fiscal
new
$20 (her).
Crouse
Livingstone
Co.
Stone
Harriman
Corp.;
debentures, dated May 1, 1948, due Oct, 1, 1948.
(par
Co.;
R.
Securities
loan,
share
debentures, dated May 1, 1948, due Feb. 1, 1949.
25,000,000 Federal
stock
87,000
stock
bank
Per
Ac
Co.
Inc.;
Wertheim Ac
and
York
S.
Ac
cumulative
of
$100
Freres
Beane;-Merrill.
Co.;
series B,
54,570,000 Federal
(par $10).
$32,431,144
INVESTMENT
Ac
$3).
cumu¬
Kidder, Peabody Ac Co.; Kuhn, Loeb
Piper,
Co.;
4%
Securities
Ac
of
Noyes
Purpose, refunding.
$116
Ac
John
Plywood
stock
M.
Offered
1
of
Co.;
Offered by Reynolds Ac Co.;
callable), due May
Loan
Co.;
\
increase
for
purposes.
Co.
Laurence M.
Crawford
subscription by officers and employees.
Wilson-Jones Co. 32,937 shares of
Purpose,
shares
Clark,
Ac
Rauscher,
$84,500,000 Federal Home
stock
Co.;
$23,990,766
Farm
Manley
Co., Inc.; Burr & Co., Inc.; A. M. Kidder & Co.; Stein
Bros.
Inc.;
Co.;
A.
Ben-
Sills, Minton Ac Co.,
J.
Huston
Ac
installment
purchase
Boettcher
First
Rothschild
The Wisconsin
M.
Ac
Co., Inc.; Hayden, Stone Ac Co.; Johnson, Lane, Spaco
Ac- Co., Inc.; Sutro Ac Co.; Crowell, Weedon &
Co.; Harold
Baker, Weeks Ac Harden; Bear,
Inc.;
Co.;
Ac
Trask
Ingalls
Ac
Evans.
Inc.; Johnson,
Inc.
Offered
Co.;
F.
Lerchen Ac
dividends.
Price,
Becker
Corp.;
5
Purpose,
Clement
Inc.; Kirchofer Ac Arnold
Associates,
Robinson-Humphrey
Ac
L.
Alex. Brown
•
for subscription
repayment
Ladenburg, Thalmann Ac Co.; W.
Spencer
share
per
Securities
shares
$251.
(par
Lane, Space Ac Co. Inc.; Varnedoe, Chisholm
Marx
Ac
Schwabacher Ac
preferred stock
Co.,
Hemphill,
Fenner
As Co.;
and Morgan & Co.
common
>,
City Securities
of
Purpose,
Lazard
G.
Inc.;
Stanley Ac Co.;
capital.
as
Co.;
239,775 Georgia-Pacific
stock"'
$100
Purpose,
shares
Corp.,
American
Harris,
Higginson
Pierce,
6Va'/>
agent.
Southern
A.
Rhoades Ac Co.;
Fabricators
preferred
Price,
Dalton
Inc.
$100».
by
Read
Co.;
Watling,
Corp.; G. H. Walker & Co.;
Nashville
Inc.;
$1).
Co.;
Hutton
Underwritten
F.
small
Offered
200,000
Redpath;
Dillon,
Sachs
Offered for subscription
by stockholders.
by
Ac
Co.;
&
Co.;
Co.; Harold H. Huston &' Co.;: Maxwell, Mar¬
4,133,800 Greyhound
$100). (
share.
purposes.
Inc.;
Blyth Ac
Estabrook
preferred
machine
make
Offered by
(par
per
Offered
Ac
Co.;
Ac
Co.; Will. C. Ronoy
and F. S. Yantis Ac Co.,
Kidder Ac Co.;
M.
H.
shar$.
stock
(par
McCarty Ac Co.,
Ac Co.
cumulative
purchase
Blakley,
Cole
Harper & Son
per'
Chemical
Co.,
Parker
Stearns
Ac
Co.;
Ac
Ac
Co.;
Inc.,
Offered
common
improvements, etc.
Corp,
stock
Ac
Ac
Goodwin; Blair Ac Co., Inc.;
shall
per
Kiser, Cohn Ac Shumaker.
dividends.
Ac
Harris, Hall
Baker, Simonds Ac Co.;
Clark
W.
cumulative
Weedon
$1*.
v
par).f Purpose,
$100
corporate
Ripley
Estabrook
Co,;
George A. McDowell Ac Co.;
E.
Gardner;
Scranton
man
by Jewel Ac Co.
(no
Wyandotte
general
Webber,
Stone Ac Webster
&
Blair
Inc.;
by Reynolds Ac Co.; Walston,
Pricefv$100
preferred
of
Ac
$23 per share.
obliga¬
par.
?
Brothers;
Paine,
.
preferred
.
Co.,
Richards
wright Ac Co.,
cumulative
current
pay
Lehman
of
Kidder,
of.
$10).,
$3
First
Inc.;
Co.; H. V. Sattley Ac Co., Inc.; Allison-Williams
Reinholdt
W.
sub-,
(par
(par
Co.; R. L. Day Ac Co.; Hill Ac Co.; J. J. B. Hilliard Ac Son;
Offered
Price,
Inc.;
Beane;
Prcssprich
Johnson, Lane, Space Ac Co.,
of
and
W.
William
Ac
Co.;
1,598,500 Georgia-Pacific
(par
R.
MacNaughton-Greenawalt
above.
stock
Ac
Moran
C. Reid Ac
shares
names
Co.,
Hayden,"Miller As Co.; The Illinois Co.;
Field,
pany;
(par
for
(3,098)
underwriters.
Co.,
Ac
stock
Coffin & Burr,
Ac
Co.; Charles A. Parcells
Smith
(par
B.
&
stock
common
Snyder; Mackubin, Legg Ac Co.; Putnam Ac Co.; William
nett,
i
Ewing & Co.;-
common
by
&
Fenner
McDonald-Moore Ac Co.;
As
C.
Ac
Campbell,
machinery, equipment, etc.
per
shares
5,000
20,000,000 Solvay American
Cruttenden
Gold
$1).
(par
capital
Blyth
R. Staats Co.; Swiss American
by stockholders.
H.
Hugh
Co.;
of
Ripley
Co.; Whiting, Weeks Ac Stubbs;
Ac
James Conner As Co.,
Allen
Inc.;
Read
of
Offered
Lee Higginson Corp.;
Moseley Ac Co.;
As. Sons;
As
Frost,
Co.;
Pierce,
Smith; Hague As Co.;
Hilr.man
Hays
S.
Ac
Ac.
stockholders.
Purpose,
and
capital,
Co.;
Co.;
stock
(Inc.); Hayden, Stone & Co.; W. E. Hutton As
Co.;
Lerchen
S.
Ac
Corp.;.,Harriman
Ac. Co.;
Lynch,
Stein
Snyder;
H.
Trask
shares
share.
Dominick;
& Co.
Stockton
R.
Inc.;
Co.;
shares
capital.
Inc.
Trout
Price,
lative
Pacific
&
Staats
R.
Vietor, Common, Dann Ac Co.;
Ac
Co.
Farrell,
1
Sti'udwick;
450,000
per
Goodbody & Co.; Graham, Parsons
Co.,
Hbrner
As
Co.
Jackson Ac Curtis; Smith,
Barney Ac Co.;
Securities Corp.; Dominick Ac
Lane,
Co.;
Scott,
Co.
stock
(with warrants).
,
Johnson,
Spencer
Michigan
Merrill
.
by Stein Bros. As Boyce, and Filor, Bullard
Offered
Corp.
Mitchum, Tully & Co.; Foster
Company, and Win.
(par
crease
395,244
...
Ac
&
290,000 Maryland Credit Finance Corp. 2,900 shares of
6%
& Co.;
Holley, Dayton Ac Gernon; Holt, Robbins &
Co.;
Martin, Burns Ac Corbett. Inc.; Wilson, Johnson Ac
Higgins;
per
Dickson
Ingalls
A:
&
Co.,
49,431
by
increase
&
& Co.;
21,661,683
Inc.;
Ac
&
S.
Edison
Peabody
Weeks;
Williams
Co.;
under Preferred
Inc.
stock
loans.
$17,375
Shields
capital
share. Offered by Werthefm & Co.
per
win,
ferred
\r<
Smith, Hague Ac Co.; Straus Ac Blosser; George R.
Cooley Ac Co., Inc.; Henry Dahiberg and Co.; Hill Richards
1,000,000
Ac
Langley
Inc.;
As
10,000 shares
Foods,
and
share.
•
capital
Price,
California;
Ehvorthy & Co.;
Inc.;
Wibbing
293,077
Kidder,
Pacific
Co.;
Co.
Wagenseller Ac Durst,
75,000
R.
T.
!
225,000 Lincoln' Loah Corp. 2,250 shares of $5.50 cumulative
pre¬
$2.50),
(par
per
.
F.
As
tnrough
see
Offered
(par $100).
through
individuals.
of
Offered by Francis I, du Pont & Co.
Price, $20.50
Inc.;
•
.'
.
Smyth.
148,000 La
-
existing stockhold¬
common
Purpose, reduce bank loans.' Price, $4,875
J.
Coolc.y
working capital
by Aim
r
*
146,250 Le
5,092,212 M
Co.;
C.
;
Price,
Garrett
C.
Securities Corp.;
stockholders.
working
.preferred
common
capital,
W.
$20).
employees and customers.
ers,
to
by
100,000_Johnson
existing
working
As
Fmman
Price, $21.50
privately
Ridge,
tions
expansion,
R.
Inc.
subscription
15,000 Gold
employees and customers.
706.430 Central Chemical Corp. 70,643 shares
non-voting
stock
for
stock
Offered by company
to
,
Price, $43
convertible
non-cumulative
principally
G.
First
Crawford
150,000 Gladding's Inc.
Purpose, expansion, work¬
per share.
employees,
'
'
33,000 'shares
per share;
(no par).
Norris As Hirschberg, Inc.;
Wyatt,
Purpose, acouisition
Purpose,
of
Robert
Inc.;
Anderson
Inc.;
Stores
$2.50).
-
.
Price,
common
Co.;
Co.,
Herman
Co.;
Alester
cumulative
etc.
Co,
Corp*
Price^ $8
.
Kihloch, Huger As Co., and Varnedoe, Chisholm As
Co., Inc.1,062,766 Colonial
Price, $50 per share;
Corp. 254,682 shares
Ar
George
H.
G.
Purpose,
shares
expansion, etc.
stock
..
Hemphill;
Hornblower
Mason-Hagan,
Co.;
underwriters
5%
&
t473,000 Colgate-Palmolive-Pcet Co. 11,000 shares
acquisition
by
Robinson-Humphrey
Simons, Inc.; Oscar Burnett
placed
expansion,
A:
The
Henry
Taylor & Co.,
by company.
2,546,820 Central
6"«
Inc.
«•
..
.
Co., Inc.; Interstate Securities
Corp.; Investment Cor¬
poration of Norfolk; Fcank S. Smith As
Co., Inc.; Strader,
purposes.
by stock-
Offered by company.
Glass
(par $50).. Purpose,
Offered
shares
Purpose,
Evans
Waggoner;
Broome
$4.50
Ac
Stringfellow;
A.
Milhous, Martin
scription
357,500 Brockway
Blair
1264,000'Clopay
pre-
stores.
new
Offered
Co.;
Courts
cumulative
Purpose,
for
Associates,
Inc.;
Inc.;
As
Inc.;
As
Space As
Bosworth,
Sullivan
Cunningham & Co., Inc.;
5,000
Co.,
$100
MANUFACTURING
Inc.
As
etc.,
Peabody
Arnold
Stioud
Klima;
K.
$50).
63,975 Belden Manufacturing "Co. 3,412 shares of common stocir
(par $10). Price, $18% per share. Offered by Williata
Cabot:-
Woodard-Elwood
of
$50).
dividends,
Parsons
Co.,
McJunkin, Patton & Co.; Moore, Leonard &
Lynch;
Singer, 'Deane & Scribner; Stroud & Co.
Inc.; Thomas
& Co. and
White, Weld Ac Co.
(par
and
shares
(par
and
Kidder,
Co.;
Neal
(no
Co.;
Kirchofer
Masten
stock
Co.,
40,000
series
equipment,
Sons;
ETC.
107,383
Inc.,
share
per
Noyes
;
& Co.;
preferred
Whitehead
5%
machinery,
$49.50
&■,
Co.;
Fa
Pauset, Steele &
Co.;
Glover
Ac
MacGregOr, IircL; Gold
r,
Incl; Goldman, Sachs & Co.;
Grubbs, Scott &
Co., Inc.; Hemphill, Noyes Ac Co.; Hornblower Ac
Weeks;
Kay. Richards & Co.; Lehman Brothers; A. E.
$250,000 Brockway Glass Co.,
&
9,225,000 Detroit
Stores,
term
Price,
general corporate
for subscription
Drexel
OTHER. INDUSTRIAL AND
Mitchell,
Moors
California; Perrin,
-
fcrred 'stock,
<
Lestrange
Chaplin
of
MISCELLANEOUS
12,826)
shares
oifered
by
The
Smith, Barney & Co.; Geo. G. Apple-
Corp.;
H.
Co.
$2,000,000 Colonial
Indianapolis,
Offered
Unsubscribed
First Boston
&
loan
share.
per
Co.
-
cumulative
*
$10,738,300 Allegheny
repay
Pacific
'„,7
-
Co.;
retire, short
7'7
IRON, STEEL, COAL,
Mitchuift,'Tully & Co.;
Co.;
& poriieroy, Inc.; StikCo.; TUclcer,
Co.;Wagenseller A: DUlst, Inc.; Webster &
Ac
Gibson;
Mason,
$53,569,082
;
to
5%
working capital.
City Securities Corp.,
by
Ind.
*
of
increase
Offered
&
Winslow, Inc.; Piper, Jaffray As Hopwood; Schoell-
Anthony
Co., Inc.; Shontell & Varick, and Saben &
Co., Inc.
•
Moran
(2251)
Central
&
Co.;
■Mason.
CHRONICLE
kqp'f,. Hutton
:*'
Inc.; Townsend,
Dabney & Tyson; Chace, Whiteside, Warren &
Sears',
Inc.; Perrin, West & Winslow,
Inc.; Prescott, Hawley-,
Shepard Ac Co., Inc.; A. M. Kidder & Co.; P. L. Putnam
& Co.,
Inc.; H. C. Wainwright & Co.; E. S.
Dudley &
200,000 United
& Co.;
&
Robinson,
Lukens;
FINANCIAL
Nashville Securities Co.;
Republic Co. (Inc.);
Co,;
Graham, Parsons & Co.; Harriman,
Ripley Ac Co., Inc.; Hornblower Ac Weeks; P. S.
Moseley
& Co.;
Paine, Webber, Jackson & Curtis; Stone Ac Web1ster Securities
Corp ; William R. Staats Co.; Hallgarten
Ac Co.;
Hemphill, Noyes Ac Co.;
Estabrook
&
r^Maihe^Sireui'itieafCo.}
towirigs, corporate purposes;.. Price,$23*75 per share,
Offered for subscription
(38,980 shares) by stockholders.
Remaining 100.759 shares and 6,173 unsubscribed shares
oifered
by Kidder, Peabody & Co.; Blyth & Co., Inc.;
A.
.
"
short
repay
I.,'.*1 V^''
COMMERCIAL
(Indicates special offerings.
*
8
(2252)
THE
General
COMMERCIAL
weeks,
the
retail
Corporation and:
Value
Bendix
for
Investment News
of
distribution
Mr.
{Continued from page 2)
Sayre
«
,
' ,1948
S $12,137,000
before
Federal
income
—)
taxes
taxes
(est.)
$676,062
tBased
also
^ Unfilled
orders
approximately
1947
1,979,844 shares.
hand
on
$22,500,000
at
quarter.—V.
the
close
compared
as
167,
842.
p.
of
the
with
1948
at
of
Ltd.,
will
and
Hartford National Bank & Trust Co., Hartford, Conn.
interest rate for the first three years will be at the rate
1% % per annum, and for the four-year renewal, period at the
rate of 2(4% per annum, or at the rediscount rate of the Federal
The
Reserve
t
demand
1,344.843
peacetime
history,
classes
all
of
$0.58
lerred
the
of
well diversified, and the current
company's products and services is
encouraging."-—V. 167, p. 1466.
The
Beaunit Mills, Inc.
—
Private Financing — The com¬
May 13 that it has borrowed $7,500,000
on 10-year notes from the
Pennsylvania Co. for Banking
and Trusts, New York Trust Co. and Penn Mutual Life
Insurance Co.
to
finance
construction
of
the- viscose
filament
stockholders
so
stock
preierred
*Net
to
as
wnich
retired last
was
year.—V.
167,
The
that
attributed
company
Easter
$3,660,904
sales
Beech-Nut Packing
President,
The
of
net
a
profit
$6,000,000
amounted
with
obligations
the
fact
—V.
$5,521,312,
paid
in
equivalent
1946.
dividends
The
its
on
at
that
in
February,
paid
were
the
to
$3.61
has
company
time
by
long-terjp financing
a
banks,
leaving
insurance
of
to
amounted
outstanding
pro¬
company
such
long-term
at
Dec.
and Federal taxes.
in August,
166,
Other
1948—Month—1947
$6,534,071
that
the
income
Club, Inc.—Expansion,
this
of
the
for
the
at
12
corporation,
annual
meeting
ended
months
Etc.—
;
view
to
under
of
name
the
sale
common
stock, $10 par Value, so that the total shares of com¬
outstanding after such change
is
1,531,334 shares, of
value of $10 each.
At the same time the 8,726 shares of
stock, $20 par value, previously held in the treasury of
stock
mon
the
par
common
the
of
company were canceled and
the total authorized capital
the company was fixed at 1,650,000 shares of common
turns
'{ Cost
with
March
last
ol
In
Book
Travelers'
titles
certain
Club,
(mostly
Inc.,
reprints)
CONSOLIDATED
INCOME
ACCOUNT
V
sales
$42,629,946
Other
872,923
42,463
3 Mos. End, Mar. 31—
1948
profit
shares-—
charges
t
and
$0.89
estimated
CONSOLIDATED
ASSETS—
.
SHEET,
$1.25
DEC.
;1947
1946
assets
14,584,283
692,470
946,363
9,038,740
plant property
18,851,944
6,764,590
4,879,905
294,690
282,230
329,192,
$37,676,619
—
of
$4,921,135
2,951,628
18,166,656
Investments
3,381,758
Current
liabilities
Notes payable
Paid-in
surplus
Earned
{Treasury
*8,925,000
*8,925,000
1,445,090
value.
par
t8,726 shares
10.107 784
♦Taxes
Br447,857
-!Period End. Mar. 31—
Operating
oper.
167, p.
$12,795,413 $11,670,651
24,345
18,611
rev._
75,638
61,216
Operating revenues— $12,771,068 $11,652,040 $37,636,118 $34,135 877
Operating
expenses
10,232,086
*8,693,328
29,933,002
25,759',699
Operating
taxes
1,033,1431,207,493
3,144,492
3,425,589
Net
after
—V.
167,
Income
$1,505,839
$1,751,219
1,077,681
1,331,183
cha^e._
p.
1804.
$4,558,G24
3,303,736
State
as
Mr.
Reuscher
and
Mr.
of
the
The
of
has
been
Vice-Prescident
is
elected
and
Vice-President
Lyons is its director
Canadian
Motor
unit
Treasurer
Mr.
of
the
Sayre
parent
Is
also
automatic
Nova
washers.
has
Scotia,
With
for
the
production
with
Canadian
fabrication
scheduled
and
3,721,016
3,273,059
5,480,858
5,613,984
1,721,878
to
auto
$6,240,026
$5,182,006
a
4,937,312
taxes
192;894
9,057,643
8,195,748
of
In
$212,300
and
1947
$188,300 in
1946.—V.
in
the
$562,117
$244,694
and
of Chicago, Inc.—Note
Converted—
convert
10
letter
a
of
notification
of
stock
common
to
filed
was
sold
be
at
$16
the
with
$2.10
1'67,
•'
Debentures Offered
—
—
to
in each case with accrued
other
various
3%
ethical
made
be
interest.
list
to
the
debentures
i—.
1,061,182
stock
;
drug
■
on
aggregate
The
Bank
of
'
for
the
have-
to
or
the
not
three-year
not
in
exefess
of
*
.
$15,000,000
■
-
exceeding
on
15,
Dec.
an
.
•
banking
Institutions
are
The
First
National
The National Shawmut Bank of Boston, The Second
of Boston, The Merchants National
Bank of Boston,
Bank
.!
:
•
,
1
f
*
,
f-
r
•
V
*
f
lb
JU
t
1
In
1900,
ized
net
material
will
proceeds
amount
to
required substantial amounts
expansion of the production
Laboratories
Inc.,
for
and
the
provide
to
funds
conducted
be
may
by
for
the
borrowed
future. development
company
time
from
and its sub¬
to
time as
and
incorporated
for
from
John
in
Delaware,
New York corporation
Myers
in
1887
under
Aug.
11,
1933.
Its
formed by
William
the
Clinton
name,
of Clinton, N. Y.
In 1893, a partnership conM. Bristol and John R. Myers was formed which
Co.,
William
business
to
the
to
a
a
R.
operate
New York
the purpose,
of
the
aforementioned
corporation
and
name
Clinton Pharmaceutical Co.
known as Bristol-Myers Co., organ¬
acquired the business of Clinton Pharmaceutical
under
the
corporation
on
Oct. 10,
1929 transferred all of its assets to Drug Inc.
which, in turn, through an intermediary corporation, trans¬
ferred said assets to a newly organized New Jersey corporation, known
Co.
and
(Del.)
of
f
of
sisting
i continued
:
Co., Boston Safe Deposit & Trust Co.,- The National
Boston, The New England Trust Co., United States
Trust Co., Webster & Atlas National Bank of Boston, Brown Brothers
Bank
and
funds
originated
succeeded
State Street Trust
Rockland
*1,381,182 shs.
in the treasury,
for stock of Drug Inc. when
the
Bristol
business
the
of
Future
Pharmaceutical
1950
1
Boston,
subsidiary,
its
subsidiaries,
its
Bristol
M.
additional
participating
of
of
growth
} business
expressed
for
that
finance
to
order
HISTORY—Company,
in
beginning
option
s
in
70,500 shs.
held
;![;r(Bquired^a\pV;::vl^; $^J
made
period
the right, at the Company's
before Oct. 15, 1950, to reborrow
years.
and
program
been
estimated
is
Company in recent years has
$9,822,320.
'
1
1,400,560 shs.
19,378 shares reacquired and
include 64 shares to be issued
for exchange.
sidiaries.
construction
arrangements
borrow
amounts
with
amount
four
funds
during
—
stock—
par)
$10,000,000
improvement of plant and equipment for its other
operations.
In addition, cash has been required in
\ order to finance increases in accounts receivable and inventories of
;
the company and its subsidiaries resulting from, in the case of accounts
i receivable,
the greater volume of business conducted during i this
period and, in the case of inventories, higher costs of-materials as
well as such greater volume of business.
In 1947, the company borI rowed $2,500,000 through short-term bank loans from the Irving Trust
•i Co. and The Chase National Bank, New York, to provide a portion
j of the funds required.
The funds to be derived through the sale of
the debentures now offered will be used to pay off the aforementioned
bank loans, to improve the working capital position of the - company
$11,243,158 $10,488,393
years,
institutions
$10,000,000
100,000 shs.
and
manufacturing
23,904
1,464
3,747
—
to operations
provide
par)
Outstanding
1,
i purchase
39,840
25,616
the
preparations.
April
preferred
include
not
■I of cash,
facilities
79,860
,
42,693
taxes
—
three
next
($100
($2.50
stock
presented
975.659
J 85,383.
,
on
?
due
debentures,
cumulative
does
but
j
5,072,401
taxes
men¬
April
♦Does
$4,295,258
5,760,365
As
issue of May 17 a new issue of
our
at
1
3%%
1946
•
$4,264,172
—
L.
.
for
through-
2130.
p.
Common
-<$2.11
insurance
SEC
share
per
CAPITALIZATION, GIVING EFFECT TO PRESENT FINANCING
$276,835
$2.53
$15,000,000,
1947,
writing
an
166,
233,833,426 221,844,325
together with
its subsidiaries,
is
engaged
principally in the business of manufacturing and selling the following
products throughout the United States and in certain other countries:
Ipana, Sal Hepatica, Vitalis, Mum, Trushay, Minit-Rub, Ingram Shaving
Cream, Benex, Ingram's Improved Cream, D. D. Tooth Brush, Rubberset
Brushes, Sun Tube Collapsible Metal Containers, also penicillin
stamps taxes
bunking
15,
1,177,130
48,993,469
218,279
COMPANY—Company,
4,937,312
taxes
FINANCING—To
period
few
in
4
1,127,912
54,321,907
extensions——
LISTING—Application will
Exchange.
$5,214,147
5,677,909
$2.75
energy
use
aggregate
131,373
583,750
647,351.
197,535-155,744
(less
New York Stock
11,742,708
$861,896
taxes assignable
16
the
the
begin
.-i-
bonds
:———
—
demption prices,
1,596,115
12,571,886
1947
for
Dec.
Ltd.,
of
701,813
23A%
on
f
1, 1948; due April 1, 1938'.
Interest payable April and
principal office of Irving Trust Co., New York, trustee.
a sinking fund beginning April
1, 1951, sufficient to retire
70% of the debentures prior to maturity.
Redeemable at option of
company at any time in whole or, on any interest date, in part, on
at
least'. 30 days'
notice, otherwise than for the sinking fund, at
103(4% to and inch April 1, 1949, and redeemable for sinking fund
at
100(4% on April 1, 1951, with periodical reductions in the re¬
5,381,168
1,682,604
10,488,393
share—
with
company
Assemblies,
•
——
1,481,194
135,772
678,675
——
—
3,483,020
$6,786,670
planned
President
assembly
May
Dated
Oct.
18,919,433
municipal taxes
excise
National
contracted
4,988,263
group
shares
Entitled
and
Secretary-Treasury and Harlow
Manager of the new unit.
exports.
—
2,912,062
1,481,194
4,503,984
liability-
Store
to
Preferred
19,094,364
1,894,534
unemployment
Total
General
and
of
3,023,365
subscribed.
1944 i
22,727,139
5,995,391
electrical
Federal
$4,950,589
3,709,980
subsidiary.
Canad!an
Amherst,
1945
1946
5
11,243,158
opers.
unemployment insurance
Federal
of a Canadian subsidiary, Bendix Home
Appliances, Can¬
Ltd., to manufacture Bendix automatic washers was announced
May 3 by Judson S. Sayre. President.
Reuscher
41,105,947
49,563,000
N
-
20-year
Federal- old age benefits taxes——...——.
Bendix Home Appliances, Inc.—Forms Canadian Unit
J.
1947
5,924,774
and
Federal
Formation
Lyons
31,
♦Includes
ada,
W.
1947
income
NEW
J.
DEC.
Federal income tajtes_——i——^-—
State
•
■
61,716,400
49,563,000
$10,000,000
20-year 3% debentures {vas offered May 14 by a group
of underwriters headed by Wertheim & Co.
The deben¬
tures, due April 1, 1968 and priced at 100y2% were over¬
Report—
26,075,813
4,692,080
Dividends
__
oper.
agree.,
1968
Balance, surplus
1948—3 Mos.—1947
$37,711,756 $34,197,093
loan
1970
1%%
G,000,000
reserve
tioned in
$56,687,646 $50,473,162 $47,324,051 $46,336,591
assign, to
per
25,451
61,716,400
liabilities
PURPOSE—It
1690.
.
Net
income taxes applicable
presently outstanding.
Pennsylvania-—Earhings—
1948—Month—1947
revenues
Uncollectible
cost.—V.
1,244,923
41,105,947
due
i—
Bristol-Myers Co.
state
Dr447,857
$37,673,619 $32,810,683 $28,565,544
at
$427,800;
Other deductions
Earnings
Bell Telephone Co. of
SHEET,
—V.
and
in
banks, $2,725,156; U. S. savings
(less reserve of $22,200 to reduce to redemp¬
accounts
receivable—trade
(less
reserve
for
Depreciation
11.151,010
______
.
933,692
14,235
$0.85
hand
Maintenance
Net
♦$20
on
revenues-
1,445,090
__
520,000
$0.87
$1.50
900,000 shares
on
Calendar Years—
8,548,690
Total
710,000
W
Federal, .Canadian and
{Based
Operation
15,313,340
stock
with
1940
10,
Authorized
82 008
•
—
1,040,900
<
$1.85
Boston Edison Co.—Annual
2,167,777
93,222
connection
Greene, Ellis & Anderson, New York, for the account of Louis H. Hall.
$758,273
employees' profit sharing trust, $324,913; reserves for book dividend
($225,000)
and for premiums payable
($30,000), $255,000;
Gross
2,022,118
115,533
surplus
1,125,000
$778,850
for Federal and Canadian taxes on income, $1,250,567; notes
payable—bank—due Dec. 12, 1949, $120,000; capital stock (par value,
$1.25 per share), $1,125,000; capital surplus—arising from sale of
capital stock in excess of par value thereof, $925,000; earned surplus,
$2,201,122; total $7,997,820.—V. 166, p. 2307.
$6,285 742
..
1,880,043
Minority interest in subsidiary—_
Capital stock ($10 par)
$1,346,460
expense
$32,810,683 $28,565,544
$5,821,013 # $4,122,100
6,000,000
5,500,000
;
—
—
bank
premium
issue)
banking
On
reserve
LIABILITIES—
Reserves
in
Botany Mills, Inc.—Filing With SEC—
v
payable—bank—installments
due
within
one
by pledge of securities of partly-owned company—
per
contra,
$120,000;
accounts
payable—trade,
$731,412;
accrued
liabilities, $649,005; advance subscriptions, $295,801; payable to trustee
1945
$2,825,231
(net)
145,914
310,860
414,092
•
option
23,617
LIABILITIES—Notes
31
5,403,089
advances
289,581
year—collateralized
537,460
and
295,880
761,000
$7,997,820.
taxes.
$4,201,482
receivable
Inventories
Total
income
BALANCE
Cash and securities
Accounts
$1.55
$0.56
Federal
245,349
.
headed by Union Securities Corp. has exercised
the company's $5,268,750 subordinated note
into 30,000 shares of 5%
($50 par) cumulative preferred stock and
375,000 shares of common stock.—V. 165, p. 3276.
$176,796),
188,287;
leasehold improvements
(less
reserves
for
amortization,
$85,633),
$69,735;
deferred
charges,
$270,592;
total,
*
1
*
537,524
126,312
4,586,945
253,376
reserve
Boston
an
tion,
$544,780
437,524
245,820
Total
accounts
and
claims,
$684,899;
and
reserve
for
returns,
$86,203), $2,023,334; miscellaneous accounts receivable, $65,546; inven¬
tories—at lower of cost or market, $1,316,042; investments in
and
advances
to
wholly-owned
subsidiary
companies—not
consolidated,
$11,682; investments in partly-owned companies, $808,570; other assets,
$81,075; furniture, fixtures and equipment (less reserves for deprecia¬
1945
$676,254
4,848,577
316,267
surplus
2410.
p.
doubtful
QUARTER
1946
$861,560
1,531,334
1,531.334
share™
per
♦After
FIRST
1947
$1,356,007
4,521,831
5,748,215
deposits
—*
savings deposits
current
♦After
i
$3,423,659
379,816
1,972,372
24,639
45,000
bonds—series G—at cost
$2,118,188
1,750,0961,968,858
2,734,525
1,075,000
inc.
BALANCE
$2,793,322
FOR
$2,845,831
28,840
$1,665,717
for
value),
141,279
4,537,018
7,040,953
-
under
accrued
expense' of
138,500
prior years.
tion
141,279
called Dec.
122,880
1,746,461
share
per
326,237
redemp¬
income
on
ASSETS—Cash
27,068
EARNINGS
$2,136,300
tax_
surtax
taxes
♦Provision
to
3,749,768
92,311
$5,521,313
CONSOLIDATED
Earnings
380,328
$2,944,197
19,980
profits
profit ,-—
Dividends —4
35,244,712
3,225,537
income
{Earnings
in
use
bonds
debits
tax
Unamortized
:
$3,300,779
Net
$41,139,736
38,921,238
bonds
payable
2.000
1945
52,908,166
income
Other
1946
$61,747,327
Cash dividends
Net
$2,661,746
184,085
♦Special charge
YEARS
1946
^
233,833,426 221,844,325
Earned
$1,755,972
normal
rvw',
/
1944
$2,706,039
238,157
income
and
C
SL.
for
5,073.346
tax
'
receivable
charges
3Vz%
Employees'
4,421,969
excess
1947
1
assets
accounts
Consumers'
i
«
6,198,992
Canadian
$42,227,238 $41,080,091
402,708
59,645
488,373
Total income
of
CALENDAR
1947
(net)
Operating costs and expenses—.,—
Federal taxes and renegotiation
Minority int. in subsidiary income—
♦Net
FOR
$61,258,954
income
-
YEAR
1945
.
4,690,638
Federal
increased
Net
..
9,447,458
Fed.
machinery for chewing gum, coffee and strained food
manufacture.
Great emphasis is
being given to the realigning of
departments for straight line production:
>
v
r: ^
Net
CALENDAR
1946
6,986,655
adm.
Other deductions
New
buildings and machinery in 1947 cost $2,475,094 and com¬
prised completion of the California plant and new warehouses at
Canajoharie; also added boiler capacity at Canajoharie and Rochester,
Other
FOR
1947
9,292,892
Total
which
31
1
resale
Provision
!
A
June,
with
INCOME
6,541,846
Other
DEC.
*
«
declared
allowances $18,540,777 $18,190,086 $13,551,376 $12,796,095
&
SHEET
\
supplies—
for
Dividend
"with a
to the
Profit from operations
$10
1947, underwriters offered and distributed 140,000 shares
of the common stock, $10 par value, of the
company from the hold¬
ings of the late Bartlett Arkell.
The number of stockholders increased
to 6,370 at the close of the year from 4,145 a year
previous.
No.
OF
re-
goods sold
gen.
bonds
of the Department
capital and premium
may have importance when,
hand
on
notes
due 1950
Accounts payable
was
exps.
(Sell.,
stock
stock,
and
of
less
—
value.
par
and
and
Depreciation
STATEMENT
sales
of
amount
326,237
Contributions for
Gross
the
214,030,984 205,151,903
unadjusted
Notes
traveling public."
;
in
Its
of
instalment sales contracts
Interest
the
effectihg
■
'l
i,
stock ($25 par value)
on capital
stock
mortgage .bonds, series A, 2%%
First
Scherman,
held May 19
Harry
Mr.
Scherman
also reported that the corporation
had purchased
i from Henry Holt & Co., Inc., ail of the stock of the Non-Fiction Book
Club, Inc., with a membership of about 11,000 and had organized a
(subsidiary
and
such
approval
Premium
said.
he
year,
the
the
to
Total
$6,759,981 $25,137,387 $25,433,303
or $1.90
a
share.
Earnings have been maintained at a
slightly higher than last year, he said, despite lower sales.
Heavy sales expense incurred in the 1947 first quarter was reduced
this
15;1
amount
of
1948—4 Mos.—1947
1947,
hew
subject
limited to the total
mortgage
and
Unamortized
$1,713,233
i
principal
6%%
thereof;
l/a Ye
Dec.
LIABILITIES—
informed stockholders
net
10%
plus
on
lSbl,
year
Capital
operations
on
1952,
year
1950
total
the
Massachusetts
in
issue,
is
1 1*
current
Other
1691.
p.
^
1.
banks
Prepaid
2554.
p.
in
Merchandise
{Adjusted to reflect 2-for-l com¬
1046.—V.
w.f
first
Materials
i level
31,
only the note issued to the insurance company for $6,000,000.
In March, 1947, each of the 437,524 shares of common
stock, $20
par value,
previously outstanding was changed into 3'/a shares of
262,757
{$0.24
Book-of-the-Month
stock
common
'1947,
of borrowings from an
During 'the year $3,000,000
banks.
to
^
which
167,
1583.
p.
President,
-
loans
replaced
were
to
$2,793,322
has
and
bank
several
to
167,
t$0.26
of
Unbilled
$133,002
262,757
$0.95
split-up
Reporting
involving $9,000,000
gram
and
sales
Co.—Annua^ Report---W: C. Arkell,
in every year since 1903.
Short-term
April
figure.—V.
were $61^258,954, the greatest in the
history
and compares with net sales in 1946 of $42,227,238.
earnings In 1947
share, as compared
earned
the
1947.
$144,136
525,514
$0.74
Period End. Apr. 30—
Sales
in 1947
company,
Net
per
in
the
$502,000
525,514
charges
stock
n'
0
♦Accounts
1945
1946
snare.
coin,
the
In
15,
reborrow
investments
with
March 8, said in part:
on
net sales
the
in
statute
Other
Bond Stores, Inc.—April Sales Declined 3.3%—
$4,095,123 $13,015,057 $13,102,365
the decrease
included
were
the
to
Investment
Cash
1947
of
follows:
Special deposit with trustee for
$392,599
per
♦After
1948—4 Mos.—1947
-
By
Plant
1254.
p.
shares..
common
Earned
(A. S.) Beck Shoe Corp.—April Sales Decreased 10,6%
1948
profit
No. of
247.
p.
reduction
as
,
April 20 voted to amend the certificate of
eliminate all reference to the $2.25 convertible
on
Quarter End. Mar. 31—
*
1948—Month—1947
to.
•*"' -•",M
Bliss & Laughlin, Inc.—Earnings—
.
mon
Period End. Apr. 30—
-Sales •
in
amount;
company may
Public Utilities,
tion
rayon
plant which Beaunit is building at Childersburg, Ala.—V. 167,
yarn
made
BALANCE
*. "
pany announced
are
be
Oct.
on
elects
ASSETS—
(E. W.) Bliss Co.—Capitalization Decreased—
close
incorporation
Proceeds
in
payments
will
were
the
prevailing
accounts,, now $102,822,347.
These facts
in or prior to December 1954,
provision for the permanent financing
of the cost of the construction program comes
up for final decision.
hut
the
Boston
at Dec. 31, 1947, the company
may isoue
under tne provisions oi the
indenture securing its out¬
standing series A, 2%% bonds, additional bonds for an amount of
more than three times the amount of the temporary financing re-
1,344,843
$0.58
of
years 1953 and 1954*13Va% thereof.
On the basis of the property owned
773,522
P.
for
then
principal
1947
$13,750,273 $11,694,320
.—_——
Bank
per annum, whichever is the
In the event that the company
reborrowed
784,244
Co., -Worcester County -Trust Co., The Mechanics Na¬
Worcester, Industrial Trust Co., Providence, Rhode
Island
Hospital National Bank, Providence, R. I.,
of
Rhode
of
.
1948
,..
billed—
&
Bank
Island,
fabricate
also
j
.
share.—_—_—.—
company's
Nil
shares.
quarter
$26,500,000
tional
only
foreign markets,
Witherow, President, told stockholders at the annual
meeting that unfilled orders climbed nearly
$5,000,000 during the
first quarter and at the close of this period amounted to $34,475,000.
"This backlog," Mr. Witherow said, "is not only the largest in
the
-$207,449
1,979,819
on
number
a
Harrlman
a
not
Canada
Co.—Earnings—
capital shares
per
William
Stated
$$0.19
$Based
to
Assemblies,
with
I
in
In addition,
services
and
of
Earned
Not
$380,694
t$0.34
on
1946
j 630,694}
(250,000j
Stated
—j
share
per
"Loss.'
the
but
Canadian
units
30,006
>
profit-—
Number
'
$8,587,000)
Not
profit 1
Earnings
Net
1947
reach
produced
Monday, May 24, 1949
1950
Blaw-Knox
(& Subs.)—Earnings-
Quarter Ended March 31—
to
be
Quarter Ended March 31—
Sales
of
Canada
disclosed.
Shipments
Net
in
will
'
1918.
Barium Steel Corp.
Federal
expected
is
washers
CHRONICLE
parts of the washers w.ll be manu¬
factured
by
Trenton
(Nova
Scotia)
Industries, Ltd., ^ Enamel
and
Heating Products, Ltd., of Sackville, Nova Scotia, and a number of
other
plants in Nova Scotia, New Brunswick, Ontario and Quebec.
—V. 167, p. 1690.
v
Associated in the offering are Laur¬
ence M. Marks & Co.; The Milwaukee Co.; Ames, Emerich & Co., Inc.; and Wagenseller & Durst, Inc.—V. 167,
Profit
output
approximately $9,000,000.
automatic
replacement parts.
by Bareco Oil Co.
p.
annual
FINANCIAL
&
"v,
-•
> •>.»,
,
.' 1
\
■
••''
m
\
A/,
r.
iL'-vV-.'
Volume 167
Number 4701
THE
COMMERCIAL &
Bristol-Myers Co., In exchange for the latterV capital stock. Upon
the dissolution of Drug Inc. in 1933 the company acquired the capital
FINANCIAL
CHRONICLE
in
the
of
the
New
Jersey
company/
corporation
which
1936
in
was
and
(after
for
reserves
depreciation
and
amortization
of
/■
$3,241,705; prepaid commissions $1,500,521; shop orders
process, $148,564; prepaid insurance, rent, royalties, etc., $93,543;
total, $15,755,500.
'
> _•>
'
V
into
merged
/
:
equipment
and
the
of
respective
underwriter,
are
Wertheim
amount
each
Co
&
The First Boston
Goldman,
Corp.
Sachs
Underwriters,
be .purchased.
Dominick
525,000
525,000
W.
525,000
Lee
Co.
525,000
525,000.
Weeks—
$12,500;
250,000
&
Lazard
Freres
Union
&
Brothers;
Securities
Corpi
Bear, Stearns
&
•
Glore,
&
Co.__
Forgan
M. Loeb, • Rhoades
& Co. 1./—-—'-I-.Spencer Trask & Co,—
J. Q. White & Co., Inc.
400,000 '
-
400,000
.Hallgarten & Co.—
Burnham
>400,000
Hemphill,
Noyes & Co.
Ladenburg, Thalmann
Doolittle
400,000
First
is -Co,
,
400,000
,
•
Cost
less
of
Adv.,
Other
Net
'
•
v'
'
CANADIAN
SUBS.)
'''
*
Net
'
C
v>v-
.
inc.
♦For
Total
income
$6,760,160
prof,
133,835
630,£09
50,667
4,362,640
taxes
179,529
76,788
•
and
Taxes, other than Fed. taxes on inc.
Depreciation and amortization
Interest charges
21,197,236
1,127,144
1,016,941
1,048,555
844,593
641,562
627,286
126,261
49,933
26,631
525,000
3,150,000
1,002,000
Crl,500,000
400,000
for
-—
Provision
ior
♦Normal
Excess
Federal
and
$2,492,721
Dividends
153,033
120,501
taxes.;—
;
$7,190,633
$2,613,223
278,592
3,314,851
1,542,159
on
Africa.-
Qtrs. End. March 31—
OF
1918
FIRST
1946
♦Before
$1,448,961
1,381.182
1,381,188
outstdg
p.
167,
1945
share—
$0.78
$2,626,678
attributable
able
June
11
$1.00
$1.85
than
distribution of like amount
5,000
owners
made
was
of
as
Many
21.
initial
An
March
4, last.
;
The 171st consecutive quarterly dividend of $1.50 per share on the
18,445 outstanding shares of 6%
cumulative preferred stock was also
declared, payable May 31,
T. A. Brown, Assistant
Treasurer, has been elected Secretary, suc¬
ceeding J. C. Peters, who is retiring. R. O. Mitsch, Assistant
Secretary,
has been nfcmed Assistant
Treasurer, and L. T. Hage, Credit Manager,
has
been
elected
Assistant
on
Secretary.
Charles A. Ward, President and General
Manager, in
the annual report said in
part:
The
company's
articles
of
incorooration
value,
A
amended
were
December, 1947, to provide for 2,000,000 shares of
par
common
early
stock
in
of $1
further
provision authorized exchange of 10 shares of
new. stock for each outstanding share of the old common stock.
On Dec.
17, 1,038,207 shares of the new common stock owned by
certain
stockholders were offered for sale.
The public offering has
since been completed.
There now are over 5,000 holders of the com¬
pany's common stock compared with 229 before the offering.
Approxi¬
mately 50%
of the
common
stock
is
owned
by employees of the
this
company.
Outstanding
acquired, also
capital
slock
of
the
three
associated
suppliers was
163,645 shares of the new common
stock.
Purpose of the acquisition was to integrate these companies
more
closely with Brown & BigeloW, their principal customer.
The
Dec.
on
17,
suppliers are Quality Park Box Co., Inc., which manu¬
set-up paper boxes; Consolidated Printing Ink Co., which
printing and lithographing ink, and glue and glycerine
printers' rollers to specifications; and John Beissel
Co., which manu¬
factures
electrotypes, stereotypes and mats for the printing and
advertising trade.
of
Jan.
the
late
sidiaries
date
$193,620.
Quality
Park
conducted
operates
had
Advertising
dviislon
a
independently
in
$1,551,464
and
net
Inc.,
was
organized in July,
advertising agency business formerly
&
Bigelow.
The new company
keeping with national advertising agency
ACCOUNT
FOR
YEARS
1947
ENDED
1946
'
31
1945
—
6,602,119
-
$3,778,153
income
({.'/'
on
3,825
*r h /
$2,747,810
Cr52,519
$9,299,405
4,822,377
1,360,615
$3,116,413
76,601
8,338
and
income
$3,771,328
1,505,667
':
Net,profit :.
': FrefeiTed
per
l\;
$2,267,661
dividends
dividends
Common
t$3,640,122
1,511,264
$2,671,209
1,962,788
$3,108,075
2,316,057
•
com.
114,607
$2,128,858
$708,421
$792,018
114,562
220,000
112,802
220,000
Ratio
$1.83
$1.71
220,000
share
$0.62
V
CONSOLIDATED BALANCE SHEET,
JAN, 31, 1948
500), $4,974,309; inventories—at the lower of cost
(first-in, first-out
principle) or replacement market), $4,476,198; investment in
capital
stock of another
company (at cost), $49,810; cash surrender value of
insurance
on
policies
acquired
retirement
to
meet
(obligation
for
officer's
compensation (contra), $214,940; accounts and advances
receivable from officers ($5,150) and
employees (less reserve of $2,500),
$15,762;
allowed
claims
for .prior
years'
unemployment
plicable
of
current
♦After
500.000
2^000,000
.105,745
17.172,090
under
V.
to
current
provisions
of
(3.25 to 1)
liabilities
1946
on
Internal
31,846,306
mill
in
Federal
Revenue
income
Code
Mar. 29, '47
$5,792,067
1,058,681
$3,985,340
3,821,413
$163,927
discts., etc.
89,434
77,772
$224,814
profit
income
$241,699
—V.
166,
taxes,
ap-
against ;future unemployment taXes/ $i02,142; property, plant,
$3,671,532 in
/
>
San Fran¬
on
when
Celanese
plans
needs
50%
of
pulp
the
of
required
pulp
by
available
for
finally
are
the
building
of
pulp
completed
anticipated will be
capacity
Celanese
to
the
to
supply
but
it
general
com¬
a
100%
is
of
proposed
trade.—V.
167,
.•
.
7
.
••
Page. Chairman of the reorganization committee, announced
17 that the committee plans to carry out reorganization
plans
later >than August 1. > ->
May
not
Mr.
Page's
litigation
would
announcement
marked
among
stockholders
the
road's
bonded
cut
The
.
to
the
end
the
and
road
of
nearly
two
the
over
of
which
years
plan
deot
drastically,
receivership Dec. 19,
company went into
Federal Bankruptcy Court
the
June
1932, and switched
1940.—V. 167, p. 2026.
19,
Central Maine Power Co.—Official
Resigns—
Fred
but
D.
Gordon
retiied
as
will, however, continue
Vice-President,
as
effective
director.—V.
a
167,
pp.
May
1920
12,
1948,
and
1804.
Central RR. Co. of N.
J.—Hearing Delayed—
hearings
reorganization
on
Washington, June 29,
ICC
said
the
examination
sion
any
or
instead
session
will
of
be
plans for,
May
25,
belore
the
road
will
previously
as
Examiner
J.
V.
held
be
scheduled.
Walsh, for
of
reorganization plans now before the Commis¬
plan submitted by interested parties,—V.
167, p. 2130.
new
Central Vermont Public Service
Corp.—Stock Reduced
stock
of
of
flood
a
than
more
the
outstanding shares
dividend
series,
is
of
an
stock
common
aftermath
of
the
3, 1947, which caused serious damage to property of the
company and resulted in heavy claims for dariiages.
In the notice
announcing the meeting, the management stated that
the
of
purpose
$134,512
basis
with
for
of
the
reduction
other
the
on
establishment of
in
the number of outstanding shares,
adopted at the meeting, is to establish
financing of the company's needs, for pay¬
changes
permanent
dividend
payments
$0.64
of
of June
together
163,017
$0.80
two-thirds
preferred stock 4,15%
a
182,833
value
par
shares
adopted at
and
on May 18 voted to reduce the
outstanding common
by one share In ten, thereby decreasing the
outstanding from 363,000 to 326,700. This change,
special meeting in lieu of the annual meeting, by holders
no
of
18,269
1886.
p.
of
7:
7 R. G.
88,918
(par 25c)
share—
per
City
by
,
82,303
(est.)
Common share
Earned
Apparel
way
...
$120,340
income
2,453,277
$23,123,360
Plans—
22,171
on
2,573,638
'
humber
$135,380
taxes
at
under
are
Prince Rupert, B. C., which it is
The mill will be of sufficient
present
of
for
6,250,000
3,333,209
Central of Georgia Ry.—Managers Push
Reorganiza¬
909,428
4,598,006
profit
Provision
Auditorium)
$4,894,768
$4,733,386
expense
Net operating
Deductions
/
The stockholders
self-operated stores and depts
sales, selling, warehouse, delivery and
concess.,
—
2026.
(contra.)—
Mar. 27, '48
Income from leased stores,
6,250,000
2,574,540
-
——
further
sales,
Gross
at
The
3 Months'Ended— >
of
J
12,500
5,000,000
common
Further
Sales, all stores and departments
Deduct, sales by leased stores end concessions
general
12,000
4,987,500
$24,422,205
make
taxes
(P. H^) Butler Co,—Earnings—
Cost
48,750
2,095,330
"l2,500
1950.
in
Net
1,700,304
Income
value).
Negotiations
(3.43 to 1)
1691.
p.
315,792
56,109
1,297,907
2,291,142
~
income--.
on
9,284,427
27,930,147
deducting $1,604,318 withheld
carry-back
167,
105,165
10,000,000
17,172,090
9,600,000
share)
*
assets
342,315
pleted.
$51,157,903 $53,835,333
working capital
$2,661,769
cer¬
surplus
Celanese
379,276
1.990.750
per
merchandise
stock, 5,514,107 shares outstanding, was listed on the
Stock Exchange at the
opening of business May 19.
Corporation, it is said, listed its stock in San Francisco as part
of
its
expanding activities in the West.
The
corporation
proposes
to
participate in the erection of an auditorium (to be known as
p.
$6,129,826
6,984,631
2.159,246
,
(par $100)
value, $15
$3,270,983
and
insurance.-
5.055J95
*3.212,035
Total
Net
arrearages
company's
and
resumption of
preferred
stock, and
dividend payment program for
a
The
reduction in the number of
effective May 19, 1948, at which
common
shares
dividend
regular
to
the
facilitate
common
re-
stock.
outstanding became
time each present certificate
rep¬
only nine-tenths of the number of shares stated on its face.
certificates giving effect to this adjustment will be
issued upon
surrender of the present certificates to
Nepsco Services, Inc., transfer
Agent, at 9 Green St., Augusta, Maine.—V.
167, p. 2026.
resented
New
ruptcy Act—
The
company
N
•
has
filed
-Files Under Bank-
•
proceedings in
the
U.
District
S.
Court
XI of the Bankruptcy Act.
Chapter XI permits rearrangement of a
company's financial
without appointment of a trustee.
//> fr1;
Subject to approval of the stockholders, the
,
to
company
issue
class
new
A
and
preferred
stock
and
to
offer
opportunity of taking preferred stock in payment
The company, which now has 1,112,000
proposes
to
offer common stockholders
the new class A, of which there would be
would
into
have
prior to
five
a
the
class
shares
$1
class
and
A
the plan.—V.
315,911
$0.54
'
/ASSETS—Cash, $907,804; U. S. Government securities (at- cost ttnd
interest), $30,202; trade accounts receivable and
completed
customers, at sales contract prices (after reserves of $606,-
life
(par
194,307
$24,422,205 $23,123,360
liabilities
rental
2,346,387
9,369,463
preferred stock
stock
300,343
Celanese Corp. of America—Stock Listed
cisco Exchange—
to
at
Certain-teed Products
Corp.—Proxy Fight Ends—
affairs
proposes
creditors
the
their claims.
elf
500,000 shares.
of
common
par value and be
A and common.
common.
A
at
The class A
entitled
time.
any
to
a
The
5rU
annual
167, p. 646.
>>■
ten-hour annual meeting ended
just after midnight on May 13
something of a record for duration and after a hot
proxy fight.
•Rawson G. Lizars, President and Chairman of
the board, said three
members
which
shares outstanding,
right to subscribe to
common
the
A
with
...
preferred
w
-t
-
•
Pirie
Scott & Co.—Annual Report—Frederick
The company is continuing the modernization and
improvement pro¬
for its store facilities started in t}ie previous
year and planned
for completion during the year of 1949.
4
'
The total funds disbursed to Jan.
31, 1948 on the program amounted
to
$1,357,000, and it is expected that approximately $2,000,000 will be
further disbursed on the program
during the fiscal year ending Jan.- 31,
1949.
Eliminating this $2,000,000 so earmarked for capital expendi¬
at
Jan.
total cash
current
31,
at Jan. 31,
and
assets
so
United States Government
reduced
to
current
treasury bills, the
liabilities
1948, as compared to a corresponding ratio
1947. ' /T
>
was
re-elected
re-elected
of
himself
—V.
166,
and
F.
Brown
for
three
corporation's
directors
and
are
by proxies
outstanding
W. Breyer Jr. of
years
1,620.699
Henry
Hamilton
Pell
of
Meyer Abrams and Gardner W. Taylor of
New
of
York.
a
sub¬
behalf
on
York.
New
2659.
p.
Chesapeake & Ohio Ry.—Earnings—
Period End. April 30—
gram
of
were
1,096,665 of the
John A.
Topping of New York, formerly Vice-President
sidiary, led the proxy fight against the Lizars management
r
Chairman, and Bruce MacLeish, President, on
April 21 said in part:
tures from
board
The
dividend
H. Scott,
ratio
the
shares.
Philadelphia and Thomas
Gross
Carson
of
represented
common
Voting power would be vested in
majority of creditors also must accept
110.720
i;
accrued
>
series
308,074
182,363
i;
-
♦After reserves for amortization and
depreciation
1948 and $3,692,508 in 1947.—V.
165, p. 1067. *
the
$9 207,814
taxes
Earned surplus
24,496
141,975
invest¬
i—
Total
842,513
painting, etc...
vertible
orders for
:
and
maturities,
Capital surplus
69,936
$51,157,903 $53,835,383
1
Reserves for pensions
Reserves for general
contingencies
Reserves for retail store
the
*
..
expenses
3,660.573
141,378
preferred stock ($100 par value).
stockZ (outstanding
1,250,000
shares
Earned
tion
—...
lease
outstanding
without par
180,214
6,574,355
683,446
equipment
LIABILITIES—
Accounts payable
4>/2%
30,257,088
reserves):
improvements
Total
9,196,619
•
to
cumul.
Common
29,743
2,403,092
Buildings
deposited
—
accrued
4'/2%
897,933
less
deferred
Accrued Federal taxes
Other
219,338
would -have a $5 par value and be entitled to a 5
% annual dividend
prior to any payment on the common.
The class A would be con¬
■
income
;
.
$3,587,603
less
in ."'i -taxes///..—
,
9,186,790
*2,532,682
25,820,001
etc
cost,
property (net)
Dividends payable
Wilmington, Del./under Chapter
'deductions
Eains.
1946
7,984,025
—$34,641,956- $29,303,804 $26,545,614 $23,698,558
16,362,482
14,169,637
15,934,585
14,399,153
profit
Other
Taxes
(at
Leasehold
Common
31
$5,517,385
sundry investments
expenses,
Accrued
to
$4,559,219
securities
reserves
California Eastern Airways, Inc.
sales
i/filfej/
j t > fbrpfitl jjiefofcf
...
JAN.
$34,643,956 $29,303,804 $19,943,495 $15,714,533
—iUi
-—
Operating profit
1
of
profits
Brown
$18,279,474 $15,134,167 $10,611,029
Selling expenses
10,526,227
9,010,835
6,140,366
Admin/ & gen. exps—
3,975,094
2,535,679
1,722,853
'
DEC.
Land
acquired,
were
products sold—
Gross
Other
and
assets
Net
INCOME
sales
net
of
of
1948
sales
Total
/
Fixed
service
amounting
7,438,095
short-term
8.994,760
3,835,129
LIABILITIES—
ment
Civilian
Cost
subsidiaries
Agency,
of
sales;
War
these
and operate the
over
as
CONSOLIDATED
H
which
sales
net
practice.
.
Prepaid
esti¬
,
1947, to take
Net
at
statements
combined
Gavt.
& other
4,209,681
cost
taxes
1947
S.
of
557,596
Trade accounts payable
Other accounts payable
The
less
5,058,871
reserve
lower
San Francisco
SHEET,
recovery of prior years' Federal inc. taxes
Merchandise inventories on hand and
in. transit
Collateralized stock purchase contracts
Advances
past
pensions),
U.
the
in
carry-back
and
with
1947/
$5,395,366
3,999,261
cost)—Z/——
Govt,
Total
service
ASSETS—
and figures in the report for the
year ended
1948, include results of their operations for the month of
1948, only.
For the
calendar
year
1947, the three sub¬
31,
January,
$10,413
past
CONSOLIDATED BALANCE
three
factures
Because
of
of
for
manufacturers
consolidated
saving
portion
Est.
Divs., Etc
May 11 declared a quarterly dividend of 25 cents
1,263,645 outstanding shares of common stock, pay¬
more
to
(before
$1.33
on
to
$3.31
income
Cash
the
on
1,774,449
$0.73
Federal
667,251
2130,
directors
share
744,124
year's
$885,981
1,381,188
Brown & Bigelow, St.
Paul, Minn.—Declares
The
tax
402,500
686,833
$1.36
1947 and $144,400 in
pension cost charged
against pension
reserve.
{Represented by fixed
asset
expenditures
charged to expense in prior years, now capitalized to conform with rev¬
enue
'agents findings Mless depreciation of
$37,868), amounting to
$130,736; and estimated recovery of prior
1946
Receivables,
per
450,000
share,.
common
deducting
2,034,382
78,564
444,679
term)
miscellaneous
charges
Deferred
4,240,244
at
obligations
performance under a
Reserves, for
1,273,844
stock—
$4,025,000.
$1,143,439
—V.
pfd.
provisions of Internal Revenue Code
recovery of $112,000 attributable
to
portion of
pension cost charged
against reserve
for
inc. after chgs. and
reserves
per
to surplus
5%
on
mated
QUARTER
1947
paid
Earnings per
under
RESULTS
4,155,736
paid on4»/2% pfd. stock
Dividends paid on common stock
138,283
2,624,185
South
100,000
:
$3,942,810
and
3,308.000
.
res.
(short
and
tificates
—
Dividends
dividends
Autralia
inc.;
on
surtaxes
profits
$7,037,600
268,598
future losses
taxes
Appropriation to gen'l conting.
{Special credits
201,067
year
expenses,
48,750
900,000
in process
Receivables
Deferred
16,037,475
$2,492,721
—
improvements
states
ments
96,451,327
21,244,897
203,893
150,000
'
mer¬
etc.
3,986,757
176,224
rents paid,
administrative
$7,037,600
reserve
United
570,332
137,451,110 161,269,923 120,635,656
—
$6,0)2,725 $11,627,133
2,187,618
exc.
♦Leasehold
; Construction
674,051
$6,129,350
dividends
Earnings
805,941
224",864
400,000
1948
(merchandise,
market; supplies,: at
or
•
$
'
123,271
-
$1,344,773
United States Govt,
obligations
Receivables from customers &
others; less
,
$2,486,291
BALANCE SHEET, JAN. 31
•
>
guarantee
$3,741,742
shares
inc.—
oper.
'
1,526,000
1,080,000
ASSETS—
120,065,324
,f
$5,961,156 $11,159,337
131,569
467,796
taxes.
CONSOLIDATED
•Com.
I
'
U
4.012,291
si, 622,093
stock—
common
226,834
2,702,093
Cash
1945
inventories and commitments, to offset certain
inventory losses included above in cost of sales. tFor the years ended
Oct. 31, 1947, 1946 and 1945
of wholly owned subsidiaries located in
Net
{$
"
136,645,169 360,595,872
chandising and buying expenses— 117,965,108 130,574,007
Oper., maintenance, selling, general
; ^
—
Hf
-
Inventories
1943 *
Cost of goods sold,
—
and
from
England,
\
-s t
•
16,380,261
profits of subsidiaries
Common
-1946
-
14,208,263
$3,591,742
profit
1
$
1
sales
Rentals, int. & sundry
Profit transferred
Net
1947
1
17,843,200
—
income
Preferred
'
4
'
18,825,651
——
Dividends declared on
CONSOLIDATED INCOME ACCOUNT FOR CALENDAR YEARS
.
$3,785,457
9,069"
,r
income for the year
Dividends declared on $6
preferred stock
Dividends declared on 4 V2 %
preferred stock
1948—4 Mos.—1947
20,320,477
.profit
tNet
1943—Month—1947
$2,693,024
(net Cr)
Net
2555.
p.
57,252,711
.
fu¬
Chicago—April Sales 14.1% Higher*-->•;
Period End. Apr. 30—
Sales
150,000
1946
/
in
1947
$61,038,168
expenses—-;! 62,853,400
goods sold and operating
income before Federal income taxes
Provision for Federal taxes on Income
T_/___... $12,935,517 $11,390,117 $49,608,205 $42,821,162
Inc.-..i"
available
18,373,344
profit
Net
credits
exps..
admin,
income
♦Transfer
AND
1947
operations
deductions
Federal
tax
•—
from
Canadian
compensation
unemployment
>:.•
$44,614,978 $47,828,189 $36,717,876
income
Other
.Butler Brothers,
150,000
150,000
Hop-
') '•>&,.
\ '''•
>
sales-
'Gross
.
*1
returns——
selling, gen. &
Profit
150,000
Co.—
*
(INCL. DOMESTIC
,
to
of
Net
//I
15Oj0OO
Co.,
pensions
7
[
v
Years Ended Dec. 31—
Sales,
&.
retirement
(allowed
total^ $15,755,500.-H/. 166,
400,000
.
STATEMENT OF INCOME
•
Stroud
,
-
officers'
future
Cost
31
1948.
$65,546,424
Profits from Operations——.
Other income credits and
charges
250,000
Co.—Z—
&
lor
income
possible
;/
...
v
product guarantees,
employees, $50,000;
(contra),
$214,940;
$102,142; 6% preferred stock (par value $100 per share), $1,844,509; common stock (par value $1 per
share), $1,263,645; capital
surplus,
$1,213,380;
earned
surplus since
Feb.
1,
1934, $5,120,661;
250,000
Co.—
Piper, Jaffray
" wood
.
:
Salomon Bros. & Hut?ler
!.
■/' '1
&
&
Southwest
for
for
ture),
250,000
,
$3,749,044;
accrued local
for salesmen), $250,671;
(est.), $1,680,000; reserves for com¬
reserves
sales
—
payable,
insurance, $10,000;
reserves
reserves
250,000
250,000
;
.
525,000
Co
Co—
Corp—
&
Higginson
liability
deferred
Carl
—
pensation
250,000
Hutton
E.
accounts1
INCOME ACCOUNT FOR YEARS ENDED JAN.
'
,
//-■-///:///>'''////
$244,008;. accrued bonus (principally
Federal and state taxes on income
400,000
,
liabilities—Trade
/
taxes,
each
Dominick
&
Hornblower
Co.
by
'
'
White, Weld & Co
Kidder, Peabody & Co.
-.Lehman
&
the-several
'
$1,025,000
Co., Inc.——/
525,000
Blyth
of
of- debentures 'to
follows:
as
>
Net
,
UNDER^
9
(2253)
$3,032,518),
stock
•as
2.39
to
1
Of 2,37' to 1
U,
income
S.
and
come
its
Net
and
exc.
in-
1948—Month—1947
ry.
//
prof¬
Cr31,556
1,559,730
taxes___
♦Deficit.
Pere
{Calculated
784,452
1,592,258
2,860,653
7,660,467
6,814,103
676,595
1,774,304
7,115,779
*167,292
oper. incomeincome__
ry.
{Earns, per com. share.
with
1948—4 Mos.—1947
$19,618,720 $21,736,085 $95,491,439 $97,485,090
taxes
Other
Net
Canadian
1,620,182
4,221,088
6,284,034
14,718,024
12,668,981
$0.20
$0.51
; $1,59
Nil
on
Marquette Ry,-
number
of shares
outstanding after
/'
Purchase of New York Central Stock DeniedThe ICC
on
merger
V
t:
May 10 denied the petition of the Chesapeake. &;
;Ohlo
Ry. and Alleghany Corp. for modification of the order of June
5, 1945
so as to permit the
Chesapeake & Ohio: to'Require legal title to, and
to exercise full
voting rights in 400,000 shares of stock of the New
10
THE
(2254)
of -banks
York Central -RR., .and to ^permit Interlocking directorates Ibetween the
Chesapeake & Ohio and the New York Central.
The Commission also denied the applications of Robert R. Young ahd
Robert J. Bowman -for authority for .each .to ihold, in Addition to posi¬
and
peake
holds
now
Ohio
&
director
authorized
subsidiaries
its
New
the
of
been
has
or
and
York .Central,
the
with
and
.
provide
portion of
a
.
funds .required
the
.
:■■■,
...
The Toledo Edison Co;
Chicago Milwaukee St. Paul & Pacific ER.—Bids (for
Purchase of 'Equipment Issue—
will
Company
of
J.
W.
Chicago,
"DD."
series
receive .bias ,up to ,noon .(CDT) ,June 1, -.at ^office
Vice-President, Room
744, Union Station Rldg.,
purchase of $7,120,000 equipment trust certificates,
the
Certificates
1, 1948-Junt i, 1958.—V.
.will
-mature
$350,000
,competitive bidding
par
Severs,
for
in June issued and sold .at
principal amount 'of 27/a'%
30-year bonds and $16,000,000
value of 414% preferred stock.
-The -net proceeds.-from;-the sale
of these securities, .together with -the "(proceeds from the
issue of
$4,500,003 of 2%' bank loan notes and ,a cosh donation of $5,000,000
$32,000,000
'(: '
semi-annually
by
Service Co.,
Cities
used
were
to
retire
all
$33,000,000
outstanding
principal r,mount of 3\'4'/c .and .3Va% mortgage bonds, $4,713,000 prin--cipal amount,of 3M8%' debentures and $16,123,100 par value of'publicly
held 5%, -G'/c (and 7% preferred stocks of the .company:
In December,
Dec.
167, p. 2026.
.
.this company entered into a credit agreement
.Chicago Railway Equipment <Co. (& Subs.)—Earnings
Quarters Ended March 31— °'
3948
'
1947
Profit from QPerations
$174,186
.$24,1,010
(Public
-
from
Income
investments.—
.!
5,499
6,713
$179,685
:
$247,722
—
1
income
Provision
for
Estimated
Federal
Net
profit
Number
of
Earned
22,372
depreciation-
The
to
60,000
59,936
$108,158
59,936
$0.93
share
—aV. 166, p. 564.
proceeds
net
Olim^x
Co.
of
Mexico
New
July ;$6,800,000
like
of
principal
used
were
issued
amount
issued
retire
to
and
amount
earlier
in
the
sold
Cost
of
,1947
sold——
45,962,251
$5,492,000
of
for
1,978,083
470,916
depreciation—...
Profit
after
•No! .of
Gross
profit
613,-124
-$11,542,206
U80.151
subsidiary
indebtedness of
on
and
Int.
divs.
Interest
DEC.
31
and
'Ci-Total
sub.
and
accounts
■^Before
2;942,403
479,176
:
Selling,
and
general
Discounts
admin,
i
allowed
expenses.,
:
.
Interest,paid
Provision
Prior
43,078
Federal
year's tax
income
tax
6,850,539
590,242
3,212,501
adjustment
tied
73; 843
1,322,744
.1,800,977
16,132
90,921
for. 13
up
been
paid
1,476,180
■Interest
furniture, and
debenture
and
Federal
State
Preferred
$3,989,991
dividends
Common
chares
Earnings
per
475,232
share
common
ASSETS—Cash
in
banks
,
Provision
•Provision
$8.21
CONSOLIDATED .BALANCE SHEET, sDEC. *31,
and
$3,87
Special
1947
LIABILITIES—Accounts
$839,219;
for
reserve
payable,
accrued
Federal
■
$3,027,818;
accrued salaries and
security and generaL taxes, ,$176,986;
tax, $2-,624,142;...notes payable to banks,
other
48,000
40,000
$9,786,416
is
shown
below
1945
$
$
'
52,038 257
39,437,838
35,479,890
.15,129,473
12,770,985
advances
Interest
Co.—Annual Report—Retirement of a
tion
5,323,902
3.7,733,329
-94,906
^6,072,386
and
•
.
Eliminated
of
tures
were
$56,000,000 in 6% preferred stock, $1,770,000 in
stock, $860,000 in 10% preference-B stock, $40,578,debentures due 1950, $49,671,950 in accumulated dividends
income—
2,969,737
preference BB
Interest
000
of
tlnterest
on
5%
preferred
premiums
The
of
,
and
the
on
pieferenee
stocks,
and $7,696,562
preference stocks and
pveierred and
retirements
were
in
accordance
with
the
—
Service
notes
and
of
in
redemption
debentures.'*
1,467*047
debentures due 1977'. The ,5% .debentures due 1950 were retired
through the application of treasury cash.
,
■During 1947, Cities Servioe subsidiaries .completed .the drilling ,of
in
construction
new
and
•
.
6,223,662
of
debt
to
disct.
and
Int.
'•
.
7,024,900
;
gas -companies
$21,000,000,
409,918
368;45l
2,494,031
3,051,801
These
Construction
from the
388 uniles.
than
begun
was
project
now
constitute
reserves
Hugoton
one
on
a
Field
2,C81,GG5
1,671,815
.>
City,
a
distance
of
355,653
normal-and- surtaxes....
15,462,234
7,937,764
excess
Net
deb.
disct.
taxes "cn
and
income:
more
■
interest was acquired in the Natural Das
Pipeline
America, bringing -the total Cities Service ownership in the
to 36%.
Dividends on the common stock wove resumed ,in December, 1947,
with payment of a quarterly dividend of 50 cents
per share and a
special year-end dividend, of $1 per share.
(A second quarterly dividend
In
.840,237
seven
with
modern
$3,000,000
tures
interest
banks
with principal
early
in
1947
op
secured
notes
debentures
due
the modernization
1967.
proceeds
being applied largely
of that company's East Chicago refinerv.
Arkansas Louisiana
Gas
Co.
are
in -.October
borrowed
•
The
ment.
amount
other
proceeds
and
were
314%
of $8,700,000
corporate
first
and
purposes.
used to
at
to
bonds
increase
its
mature on Oct.
the .end of, 1947.
•
To provide -additional
15,^1957.
outstand¬
the aggregate principal
funds for construction and
6truction program, the company also obtained
to be drawn upon froni:time to-time to
to
No-portion
a
funds
bank
for
its (con-
credit of $2,500,-
Oct.
15, 1948,
of this credit
214%
on
.was
t
' jt
.)•;•■
.Cities Service Gas Co. in August borrowed $18,000,000 from
■
in
©00
used
tax
1,386,502
1,745,428
group
■$
1948—12 Mos.-
>$
$
s1947
$
35,160,813
115,903,901
100.890,796
maint._
23,964,641
19,215,188
73,822,464
59,221,744
deprecia¬
depletion
2.666,560
2,581;912
7,782,896
5,577,617
and
for
8,544.464
8,965,697
21,283,719
137,043
137,850
457,223
8,827,847
20,826,496
taxes-
income
_______
deductions
income
7,175,565
21,132,97
530,40
237,621
20,602,56
1.054,623
964;61
175,445
143,171
809,107
643,3'
715,345
724,921
2,874,940
Cr4,686
Cr24,130
Cr55,382
2;902,2*;
Cr59,3{
7,223,904
7,746,264
16,143,208
income
net
per
income—
16,151,69i
share_
com.
the
close
the
of
period.
Federal
income
tax
of
the corporation ha
not
include
America)
Fuel &
Power Co. or its subsidiaries.
The corporate charter of Ameri
Fuel Si Power Co. has been repealed and its
former assets are he!
by a trustee under the Federal Bankruptcy Act.
Trustees in bankrqptc
•have also been appointed for its
1,674,866
40,464,786
—rr
debt
discount
and
27,253,121
15,060,544
expense,
BALANCE
Co., whose assets
of
are
subsidiaries, except Kentucky Drillini
167, p. 1920.
little
value.—V.
,
surplus, ;$5„197',355, and
$1,668,261.
'
to
SHEET
.
AS
OF
DEC,
31,
on
Columbia Television, Inc.—Files With
The
SEC
company
.for
un¬
writer,
;
H.
agreement
clays,
1947
an
30,000
and other
receivable, including unbilled revenue
(le$s reserve), $31,585,837; merchandise accounts receivable,' including
installment contracts (less reserve), $872,079; due from agencies «f
the U. S, Government, $3,765,726; other accounts and notes receivable
(less reserve), $5,619,460;
refined oil products—at cost (lower than
market), $27,008,254; crude oil—at cost (lower than market), $9,398,198; gas -in storage (at cost), $196.2X5; .merchandise .held -for resale
(at cost), $5,622,694; materials and supplies
(including construction
materials )-.-at cost or less, :$19,296$53; .prepaid insurance, taxes an.d
other'expenses: $2-,921,309 j• other : assete, .$1,709,051; unamortized ;debt
discount and expense (less premiums), $5,883,097; .estimated salvage
on
abandoned property, $296,913; other deferred charges and miscel¬
„
customers'
-May 10 filed a letter of notification with 'th
shares of preferred stock and
100,000 shares 0
$3 per unit of one share of each.
Under
The price is
B.
Burr .& Co., is .exclusive selling agent.
The sellin
requires H. B. Burr & Co. to sell 40,000 units .within 9
additional 20,000 units 13) days thereafter and a furthe
,
units
within
manufacture
of subsidiary
$89,585,227.
(pkr $10), $37,020,000; preferred stocks
of public, at par or stated values
companies in hands
210
television
days
sets,
thereafter.
purchase
test
Proceeds
and
will
be
production
used
t
equipmen
for -plant.
Columbus
&
Southern
Ohio
Electric
Co.—To
Issu<
Bonds—
,
The company on May 13 asked the Ohio Utilities
Commission fo
to issue $10,000,000 3%
first mortgage bonds to be sol
privately.
The Commission informed Otis & Co.,
Cleveland
of th
application.
Should Otis & Co. want the bonds sold at
permission
competitiv
bidding,
hearing will
a
be
held
by.
the
Commission.—V, ,167,
Commonwealth Edison Co.—Weekly Output—
Electricity
output
of
companies,
excluding
ended May
15
year
four
accounts
laneous unadjusted debits, $1,685,770; ottal,
SEC—
on
100,000
stock.
common
including (intangibles
LIABILITIES—Common 'stock
a
1948—3 Mos.—1947
39,368,053
to give effect to these changes.
NOTE—Consolidated
income
statements' do
(amount undetermined) and expendi¬
undeveloped properties and projects (after reserves for deple¬
$2,350,381;
to
$11,500,000 from
redeem all the company's
mortgage
CONSOLIDATED INCOME STATEMENTS
been adjusted
787;192
depreciation sand -replacements of $317,612,519), $590,411,772-:
of investment carrying 'value over (equity (as adjusted) in sub¬
companies (consolidated) at dates of acquisition, -less profit
i($2,145,70,4) .on sale of certain public utility investments held in
suspense pending disposition of other like holdings, $19,636,865; invest¬
ments and advances -(including subsidiary companies not consolidated,
$1,171,042)-—at cost or less, $34,529,679; cash held for retirement of
5% debentures of Cities Service Co. ($3,840,500 called for redemption
on
April 1, 1943), $3,883,029; cash on deposit, in escrow with first
mortgage bond trustee.of The.Ohio Public Service Co. ( may be withdrawn
on
hasiS ,of >additions to certain property, plant and equipment),
$55S;516; deposit on purchase of tankers from U. S. Maritime Com¬
mission for approximately $7,062,000, $810,600; sinking and purchase
fund assets (cash), $196,441; cash in banks and on hand, $131,345,489;
securities of -U. S. ^Government—at cost
(market value, $2,350,264),
a
bank on a 214%
promissory note, .payable at-.the rate of $500,000
semi-annually to April
15, 1949,
and
at ithe
thereafter
rate
of
$625,000 semi-annually to April 15, 1957, the date of the final install¬
ing 314%
cents
Corp. to The Columbia Gas System,
reference to electric operations as all
disposed of.
The rights of stockholders
been
6,110,330
tion,
to be repaid
The
25
5,
2,749,039
at
sidiary
in equal annual installments
a
10+year period, and issued purchase money obligations on vari¬
dates tc the Maritime Commission in the aggregate amount of
fund
and Sept.
12
and existing common stock .certificates maj* be;-retained
bearing -the new name will be issued only in connection
.excess
the purchase from the U. 8. Maritime Commis¬
oceangoing tairkers, Cities Service Oil Co. (Pa.)
from
June
7,
167, p. $42.
can
ASSETS—Petroleum, natural gas, electric light and power,
$6,692,050, repayable over t17 years ^with -interest at 314%.
Cities Service Oil Co. (Del.) in August issued and sold privately to
insurance companies $20,000,000 principal amount .of its 2%%
sinking
to
income
1,017,071
costs on .retired securities -charged to
properties,
transactions.
connection
214%
notes
Fedeial
CONSOLIDATED
FINANCING—In .addition to .the issue by Cities (Service Co. of the
3% sinking fund debentures due 1977, fn accordance >jwith its
plan of
corporate
simplification,
certain
of its .subsidiaries
had important
ous
of
income
amortized
of 50 cents was paid .on March 30, 1948.
Another of. like amount is
payable June 21, 1948 to 'holders of record June 1, 1948.—-Editor.)
•
over
3,101,224
1,911,421
iind
of
borrowed
March
$1,32
$1.3:
Restated to exclude operations of companies which were
disposed q
during that period. Dividend requirements on the
preferred and prefer
ence-stocks retired during such period have been
eliminated and fixe*
charges have been based upon the debt of the
corporation outstandini
special charge of $2,592,000 in 1946 and $3,752,056 in
1945 in respect of war emergency facilities.
tLess interest capitalized,
$71,346 in- 1946 and $11,265 in-1945.
^Including Federal and State
taxes on bond interest coupons, $90,602 in 1947, $122,477 in' 1946 and
$145,164 in 1945.
§ Applicable for 1947, to call premiums and other
An Additional
sion of
on
eliminate
to
and other inc.
Consol.
6,774,369
452,960
5,753,582
company
financial
share
per
■^Including
,
Co.
cents
-1,648,977
Earned
222,607
of
reduction
,
Kansas
35
1,814,610
1,638,612
of
profits -taxes
foreign
income
and
excess
profits taxes.—
SSpecial charges equiv; to estimated
totaling more .than 10 trillion cubic
of (the largest in the country.
new
26-i-nch natural
gas
pipeline
to
of
Miscellaneous
Co.:
7,604,456
State
site Adjacent to the Cities Service rrefinery at Lake Charles, «La.
Further additions-were made to the large natural gas reserves owned
controlled by .'.subsidiaries,
136,308
Fed. and. other taxes—_
Int.. &c., fixed charges-
3,424,143
exp.
Oh -a
feet.
$0.29
to corp.—
8,407,421
Columbia Gas System, Inc.:
Administratis expenses
296,913
383,659
.187,429
.Federal
total,
natural
The Cit-Con Oil Corp., jointly owned witn Continental Oil
Co., began
construction of the largest plant in the United States for the manu¬
facture of solvent .refined lubricating oils.
This plant is being built
or
$2.67
Eal. applic.
* 6,920,034
30,602
.Federal
Of 4he
approximately $58,000,000,
and electric utilities $17,000,000.
$1.49
'
-
i
333,964
deb. fn hands of public—
on
Amortiz.
Provision* for
•
cxp.
minority interests
charges on debentures
Cities Service
acquisitions -exceeded
expended
$2,767,366
.2,377,778
Misc.
2,329,088
1.G73.715
.
subsidiaries
done
income
Gross
Interest
oil wells, an increase of 137 wells over 1946.
Efforts
to tfind additional oil reserves were
likewise reflected in the-expendi¬
ture of larger sums for oil exploration.
These expenditures were 35%
greater than in 1946, and-have-been tripled in the last five years.
investment
1946
$7,113,527
1,091,608
.8,063,225
>(6,629,163
Federal
44,826,563
57,905,413
2,730,437
pay.
public
.
producing
Capital
1947
616,196
-
dividend
a
cents.—V.
Other taxes
(principally on refunded-issues)
tSundiy .charges
1—
Divs. (paid or accrd.) cn sub. cos.'
pfd. stocks in hands of public
^Proportion of net income applic.
fund
petroleum
rev.
Operation
$0,7.12,019
follows:
as
properties have
Provision
Co.;:
accts.
1948
declared
5, 50
This was
Gross
505,687
funded debt in hands
on
Amortiz.
plan for simplification
company's -corporate structure, which became effective in May,
1947,. The plan: .required -exchange of all of' the company's preferred
and preference stocks for an
aggregate of $115,246,950 of 3% sinking
$96,000,000, .nearly - triple the amount expended in 1946.
by the Beeghly Foundation.
now
'
the
310
on
as
1941.
is owned
Subsidiary Companies:
3,397.87]
1,106,495
were
certificates
.
charges (excl.
charges on deben¬
Cities
of
6%
attorneys. They claim they acted
1935 to
(payable June 4 to holders of record May 28. This
on
March .5, last.
Distributions on this issue
COMPARATIVE
other
.interest
in
the annual meeting April 29 the stockholders approved an amend¬
to the certificate of incorporation changing the name of
corpora¬
tion and
and
$300,000
paid
Period End. Mar. 31—
motes and accounts .receiv¬
Gross
foF
with transfers.
40,923,005
3,533,139
(including pipeline cos.)
1947
unaffected
are
as
;6,024,279
53,468;628
'
>
able) and miscellaneous income
Interest
—
from Columbia Gas & Electric
Inc.
33,328,337
,.76,670
J 1*087
have
as
and Dec.
•electric
total of
$156,036,612 in Cities ;Ser$i$$
ligatioris during 1947 is reported to stockholders by W.
Alton Jones,
Present, in the companyJs.^annual report.
Steckel
Mr.
ready on May 13 .for submission in
Robert N. Wilkin. It was brought by
Columbia Gas System, Inc.—Earnings—
12,739,278
6,163,326
47,780,345
r.
investments
on
against
(Mass.),
company
stock
same
each;
'
261,291,713 170,674,073 19G,629;889
22.936,779
17i629;729. 16,722,-514
operating revenue..t
int.
had
68.
directors
during
1946
-
•
and
former
patents
made
Judge
lawyers from
Metal
common
At
Provision for .bad.debts..
Divs.
rolling
$7,423,057
ment
Taxes, other than taxes .on .inc.
Rents ancl royalties
Selling, general and admin, exps.
166, p. 2101.
suit
Federal
Alpin of Boston
Cold
the
468,925,946 333,175,448 358,482,229
repairs
...
VErov.for deplet.,-depr. & replace.
Net
another
on
Steckel's
The
$6,741,879
sales and operating exps.,
items
steel
two
To Pay 35-Cent Common Dividend—
costs
$15,563,530
of
that
earnings after charges & taxes
Earnings per common share—1_—
to est.
applic.
Maintenance ;and
treasury stock, at cost, Dr$ 185,725; total, $26,566,41-7.
Cities Service
tax
operating revenue
■exclusive
its
.
claimed
Net
Costs, operating and other expenses:
Cost pf
had
Quarters Ended March 31—
270,000
280,000
g
inventory price decline
$1,000,000; 5% .cumula¬
preferred stock ((par value $100), $1,902,700; common stock ($20
par), $9,993,520; earned surplus, $5,176,294; 1,101 shares of preferred
treasury stock (acquired At cost of $108,600), at par, Dr$U0,100; 24.444
—V.
inc.
income
Gross
various steel
Cold Metal company and
Sales
636,000
1947
possible .future
common
ex¬
500,000
and
company.
(The) Coleman Co., Inc.—Sales Up—Earnings Off—
CONSOLIDATED INCOME ACCOUNT FOR YEARS ENDED DEC. 31
tive
chares of
premium
tne
announced receipt of
in patent royalties
The money has
companies pending (The
the
fraudulently in -1930, but the Courts .disallowed this. On
of
—V. .163, :p.
745,000
lax
income
equivalent
of Fed.
Mr.
the
maturing in ten equal semi-annuai instalments beginning -May 1, 1949,
$1,750,000; deferred credit, on uncompleted contract, $371,563; preserve
for
foreign
on
Order
of invest¬
retired securities
on
Net
social
income
charge
to .call
■
loss
Federal
sLurie &
128,496
114,678
by
against
fees—was being
Court
The
activities
reduction
on
7,426,529
452,960
355,653
222,607
subsidiary company—
for
•Evidence
deben-
90,140
impairment
for
ploration
hand, $4,091,952; accounts receiv¬
able .(less reserve for-doubtful, accounts and allowances of
$17,090),
$4,451,491; inventories, at .cost-or-market, whichever lower, $11,716,9,18;
investment
(net)
in Buchanan Land Co.
(100%
owned), at value
shown by accounts of
subsidiary, $6;090; land, buildings, machinery,
etc.—including $7,696,564 of fully depreciated or amortized properties
Still -in use—at or below cost -(less -reserves .for depreciation .and
amortization of $11,073,522),
$6,227,429; prepaid insurance and taxes,
$72,537; total, $26,566,417.
,
>
wages,
a
in
89,630
-1,306,888
outstanding
lor
ment
>712,848
237,616
89,630
$
dividends
Common
and exp.
on
interest coupons
■ture
$1,009,801
7,604,456'
disct.
taxes
account
government
attorney's
•the
37,486
•
167,
May 4 the iU. S. Supreme Court refused to review the case.
139,858
,60,000
5,753,582
30,80.4
debentures
on
of
Amort,
■1,298,816
193,341
142,555
fixtures..
the
suit
the
been obtained
1,204,879
897,500
1,377.508
against
President, Albert P. Steckel.
327.927,733 $19,259,994 $18,044;587
-
$0.20
increment.—V.
v
by suits
years
into
of
outcome
—
General, legal and other expenses..
other -than taxes on income
560,000
»CrlQ0,000
„
for the year
2,500,000
$0.24
discovered
of
Circuit. Court
5,867,180
Taxes,
of
depletion
The Federal Court at -Cleveland, O., on May 13
instructions
to
release $9,000,000
3,762,283
■13,170,220
2,672
1,613,461
•Provision
Net profit
1,379,231
$3,085,946
2,500,000
•'
$1.22
1887.
530,309
«•«
management expenses—
Deprec.
$0.23
for
Frees Royalties—
re¬
income.
gross
Admin, and
13,732
.2,485,000
.
for
253,928
Cold Metal Process Co., Youngstown, O.—Court
1945
4222,469
$398,372
'
-provision
27,286,915
cos.
other investments
on
notes
on
Total
$4i905,117
4,.454,093
750,195
other -income
1945
'
$4,465,177
$504,282
$598,201
2,520,000
$577,892
2,520,000
Earnings per
ONLY)
(CO.
.1946
$33,990
cos.
ceivable, and sundry receipts
$4,742,371
162,746
$11,722,357
——
discounts
;;„1$0,162
shares >outStqnd,
com. share
"
'"$776,661
178,460,; 1
$698,054
"■'Net profit
' : ' '-•1946
$758,210
1947
,
charges.
tax and surtax
Fed. inc.
The
Purchase
*1948
' f ;
rSubs.)^ -Earnings—
Co.
vQuarter-^End. Mar. 81—'
30-year, bends.
3 Vz•%., bonds and
p.
ENDED
Dividends .on pfd. stocks .of sub. cos.
Dividends on com. stocks of sub. cos.
31,052,379
3,054,442
maintenance...—..
and
Provision
bonds of
on
Interest
1946
-
$61,172,023 $38,243,749
goods
Repairs
Interest
Co. (& Subs.)—Annual Report—
(net)
competitive
at,
27/b%
of
year.
ACCOUNT FOR YEARS
INCOME
Calendar Years—
,(not refundable), $1624,996; reserve for replacement
iof rqfincd .oil ,products And ,crude ,oil stocks (net of income taxes);,
$929,898;' contingent and other reserves, $6,313,217;,. capital surplus,
$46,608,719; earned surplus (since Dec. 31, 1937), $130,089,122; total,
S899,585.227.~V. 167, p. 1920.
*
*
i
with banks jn.an amount
1947
Sales
:
prepay
-
-Clark Equipment
.-for' extensions
$1.11
taxes.
shares
common
per
1
.July,
115,000
$97,313
income
surplus
-
'
a
$1,000,000 bank loan .note issued in -February.
Also in
this-subsidiary Issued a $1,000,0oC. .bank Joan note for the pur¬
pose
of .temporarily, financing -construction.
(The -.Ohio .Public Service Co. in December issued to banks $3,000,000
of installment notes maturing in :10 equal annual installments.
The
proceeds of these notes were used to prepay a short-term bank loan
(to
24,564
.
..
Service
in
bidding
:
Total
(And accrued -undeclared ..cumulative dividends .thereon .in ;the amount
$19,397)', ;$.44,973,802; minority common ■: stockholders' interest ip
subsidiary companies (capital stocks, $6,232)242; ;ftnd» related tprppps-,
ticm of surplus from all sources, $25,224,526), $31,506,769; funded and
mother long-term
debt (of <subsidiary companies^ -$315,087,538;
Cities
;.Service Co. dobenturef <due 1958 to 1977, $172,157,150; .current notes
payable to banks (secured $5,361,115), $18,407,694; bonds, debentures,
.notes and mortgages .(installments and sinking fund payments due in
; j.948 L $9,078,814;-notes .payable«.to others (current), $697,370; ,account$
.payable, $36,356^321 'accrued interest,on funded debt ,($2,523,234),and
uppresenCed coupohs •.($2,083,739i, $4,608,973; accrued .taxes and other
charges,
$10,'757;'925; icustomers'
deposits, $4,715,981; provision fqr
Federal
income taxes, $21,267,085; ^other liabilities, $6,286,093;
re¬
serves for injuries and damages,
$1,096,249; reserve .for contributions
of
to $6,200,000.
up
-
—_
Monday, May '24, 1948
•
Hugoton-K'ansap Citv 26-inch
subsidiary to or affiliated with
167, p. 130.
maturing $1,-500,000 annually in ;19.^8
to and (including ;sAug. 11.
serial -notes,
for Jihe construction .of -'the
pipline project.
Additional (lunds -for
this project were obtained ,in January,
1943,- through >the 'issuance
and private sale to seven
insurance .companies ,of $20,000,000 .prin¬
cipal .amount ,of :3Va % first mortgage pipeline bonds, ^maturing from
1954 to-1968.
•; * ••1 *•
,.t
Chesa¬
affiliates, the ,position of
generally in Addition thereto
and
the position of director with companies
that carrier.—V.
hold
to
2.4%
on
1949 'Uhd *$2,500,000 annually thereafter
.1955.The- proceeds * from- this borrowing -wore' used • to ; prepay-the •
balance of outstanding serial. notes aggregating '$8,000,600 and - to
.
he
tions
FINANCIAL 'CHRONICLE
COMMERCIAL &
showed
a
Commonwealth
to .other
9.4%
increase
Edison
electric
over
Co.
and
May
15
May
8
—
May
1
——
April
1947
/
of
,
G
the
/
pai
,
% Ir
p.
215,586(000
210,176,000
199,969,000
203,456,000
6.0
202,412,000
3.8
205,811,000
2.6
215,811,000
17
167,
218,684,000
associate
utilities, for -the wee
corresponding week
211,155,000
—
24
April
1948.
1691
the
ago. Following are the kilowatthour output
totals
weeks and percentage comparisons with 1947:
Week Ended—
—V.
the
sales
p.:
i 'v! :
209,743,000
2.9
9.4
2027.
Commonwealth & Southern iCorp.-r-We^klyf Output7
Th6
'.weekly (kilowatt hour output of electric energy of subsidlari
this corporation adjusted to show
general business conditions of te
ritory served for the week en,ded May 13, 1948, amounted to 317,491,71
as compared With
277,717,515 ;for the corresponding wefek in 1947, £
increase of 39,774,245 or 14.32%.—V.
167, p; 2131.'of
Volume 167
Number 4701
THE' COMMERCIAL &'IFINANCIAL" 'CHRONICLE
Commonwealth Engineering Co., Dayton, O.—Billings
.The company, in its annual report made public May
billings for 1947 of approximately $500,000 for
formed
r
300
'"-
-
under
contracts
American
which,
directly
indirectly,
or
announced
13,
total
The company
research
plants,
some
companies.
.
awarded
were
of
debentures due June 1, 1963.
pany's
to be offered at par to 'the com¬
shareholders of record May 20 in the
common
ratio of
imposed
the
by
connebtion
with
writers
pay
the
company
debentures
left
unsubscribed
any
io
the
offering.
The
cisers'of
subscription warrants
The
8.
underwriters,
company, will
other charges.
'
The
due
3%
convertible
June
-
have
1,
1963.
by
pay
right
at
the
to
pay
also,
dated
by
U.
certain
June
1,
R.
principal
amount
of
debentures
being
are
void
of
ousiaeas
May
on
20,
<•
the
the
on
rate
scribed
of
be
may
back 'ol
$109
made
the
for
by
warrants
each
$100
and
of
to
.The
for
the
convenience
arrangements
Street,
the
use
with
York, ..will
facilities
the
of
purchase
P.
with
Morgan
sale
of
&
the
has
entered
who
Inoorporaed
be
the
000,
the
to
reserve
accruals,
extent
1947
•
retirement
of
23
28,
the
to
the
of
the
which
salvage
extent
company's
of
treasury
remainder
is
in
amount
to
of
bank
SEC
in
connection
the
with
tne
of
the
The
the
construction
new
issued
since
of
debentures,
EFFECT
TO
•'
be
will
obtained
Ilium.
Co.
of
5 %
,
Inc.,
4
1st
&
ref.
mtge.
3%
series
3c/r
:
conv.
tBank
$5
its
from
stock
has
loans
from
"to
j
with
arranged
City
time
not
13/i%
this
time,
has
of
financing
30,000,000
57,382,600
trust
with
"f ' The
interest
respective
,
has
bonds
on
amount, of
I;
the
company
of
debentures
are
No
13,771,831
construction
the
the
program,
non-revolving
credit
with
may
by
20, "1943.
Interest
unsecured
is
notes
payable
at
was
of
Consolidated
.there
omitted
from
above
the
—V.
the
York,
Edison
in New
which
of
York
name
New
The
was
York,
the
company
and
New
«& Power Co.
1
Nov.
York
10,
1884,
and
the
Consolidated
as
subsequently
Inc.
two
&
On
changed
July
electric
Queens
„
31,
the
business
be
determined
is a public utility operating company engaged in the
transmission and distribution to consumers of gas and
electricity.
It is also a holding company which, through ownership
of
all or
a
substantial
majority of the outstanding voting stock,
controls certain utility companies and a non-utility
company.
Com¬
company
pany, supplies gas und electricity .tp certain of Ttv,subsidiaries,
electricity to Central Hudson Gas & Electric Corp. and
some
interchanges
'-electricity with, New York Power & Ligpt' Corp., a subsidiary
Niagara Hudson Power Corp., and Long Island Lighting Co.
of
4%>
bonds,
due
the
1948
1,
been
elected
par)
director,
a
formerly Assistant
Vice-Presidents—V.
167,
property,
moisture
unit
$1
the
four
distribution
$6.87Va
paid.
giving effect
share.—V.
per
to
the
p.
167,
to
of
this
the
York
New
is
Aug.
share
the
to
shares
said
to
as
$6
at
options
1,100
have
leaving
and
shares.
above
to
as
14
of
the
to
3,726
P.
received
the
shares
of
at
common
the
stock
are
an
reserved
of
still
which
list upon
has
as
are
still
thac
so
authorized
for
addition
shares
are
now
1,690
exercise of options at
options at $6.37 Va per
yet
been
filed
now
under
167,
option
with
the
to
for
for
sales
It
but
to
service
over
intended
not
was
volume,
management
Simultaneously
in
that
establish
the
demand
profitable basis by March 31,
Dryomatic continue' to increase,
on a
for
by
Securities
the
Commission
to
company
approved the sale
development work
finance
said
the
than
projected automobile, a custom-built vehicle,
$30,000.
He asserted the car would have an
that bodies would be custom designed.
and
offering consists of 2,439 shares of
be
than
sold
$100
at
shares
10
share
a
purchaser.
a
and
preferred
sales
($100
will
be
par).
confined
•
and
The
1948—7 Mos.
$8,734,939
1947
will
$8,811,260
is
the
procedure
for
deposit,
sale
be
gold bonds, series B, 6% extended to
•rewsrt-thft pJor* of business on Mav 21, 1948.
mortgage
New York Stock Exchange
Quoted
ex
that-the
$19.$3
deposit
"flat."—V. 166, p. 2556.
per
on
May
$1,000
receipts
1946,
to
is
acres."
purchaser,
be
holders
of
deposit
on
May
be
dealt
19,
in
manufacturer
a
approximately 1,000
property,
subject
without
persons
television
of
in
the
plant.
120
Justice
a
that
the
is
It
it
DuMont, President
Security
that
manner
days.
is
Clause
it may
subject
also
violative
not
May
on
equipment,
19
company to triple
month by the end of
a
$3,911,022.
provisions
that
it
be reconverted to its
to
of
opinion
an
anti-trust
said the new
DuMont
3,000 television sets
was
estimated by WAA at $1,890,000.
was
National
to
in such
within
use
enable
to
New
will
14 directed that the
deposit receipt
shall continue to
the
maintained
original
by .the
laws.
Dr.
plant is expected
its
present production
1943.—V. 167, p. 846.
of
Eastern Air Lines, Inc.—Annual
Report—E. V. Rickenbacker, President and General Manager, on March 29
said in part:
At the close of 1947, the company operated 86 airplanes with a total
capacity of 6,000,000 seat miles per day over 9,658 route miles, em¬
ploying 7,704 persons for that purpose.1 The net worth of the company
as
of Dec. 31, 1947 had grown to $23,000,000.
;
The
after
company earned a net
Federal
income tax in
$3,504,643
$1.46
and
provision
or
after
profit
of $1,259,196 or $0.53 per share
comparison with earnings of
1946 after Federal income tax
$1,000,000 for integration of new-
1947
in
share, .in
per
appropriating
equipment.
°
A
provision of $1,000,000 to
equipment" was made in 1946
public relations expenses to be
auguration
payments
to employ
of
cost
Department of
with
56
the
principal
Original
$.1,162,441
plans
of
area
that
Fair value at the time of disposal
Co.—April Sales Decreased 1.3%—
1948—Month—1947
land
a
advised
was
manufacturing building of the facility, formerly used
for the production of aircraft engines, is
approximately 570 feet wide
and 760 feet long.
1042.
p.
Inc.—Expansion—
Assets
The
1585.
accordance
we
large
the
years
machines
the
WAA
1,480 shares referred to above,
not covered by previous listing
mpde on June 1. 1948, of $19.33 ($3.89 interest
payment and $15.44
principal payment), per deposit receipt "part-redeemed," for $1,000
original principal amount of first lien and refunding mortgage goid
bonds, series A, 7Va%,-extended to 1946, and first lien and refunding
The
2
development.
placing
applications.
use
in
past
and
bv
made
of
the
research
on
Indiana
engine
plant occupies
listing
Cuba RR.—Principal and Interest Payments—
r-T-'rjtjs
the
stock
will
less
equipment,
share.
Exchange
the
payable on the bonds at the National City Bank,
York, N. Y.—V. 166,< p. 2209. —V. 165, p. 3392.
-1948;, and
than
oiling
Administration has approved sale to this
corporation
government-owned Wright Aeronautical Corp. plant at East
Paterson. N. J., for $1,700,000, it was announced on May 13. The
list
authorized
*
In
Each
cost.
energy (less
maintenance except
(Allen B.) DuMont Laboratories,
$6 per share and 2,036
"kork Stocx Exchange on May 14 directed that the bonds
m»otdd"®5-interest $4,08 per $1,000 t>ond on June 1, 1949; that the
deposit receipts be quoted ex $19.33 per $1,000 deposit receipt on
June 1, 1948; that the bonds and deposit
receipts shall continue to
>
deait in ••f,at:" and the bopds, to be a
delivery in settlement oi
Exchange Contracts made beginning June 1, 1948, must have the ride*
attached thereto stamped to show the above
payment.
■
minimum
a
electric
or
G.
resuit
the
in
stock
War
of
respect
New
Interest
at
of
in
were
group
more
stock
issu¬
h»
.
Balti¬
Peters, President and director; Arthur J.
D.
M. Peters, Secretfcry,
Treasurer and di¬
director; Thomas W. Harrison, Jr., director;
efforts
"'id
34
cost
not
to
of
$1,147,204
The
watts
service
»,uituj operations
Merkes
The
The
corporation
exercise of
167, p.
Street,
year.
should
May
Mr.
aggre¬
for
the Curb listing authority has been modified in
application
are
Oliver
the
wculcj
per
shares
upon
E.
projected new
Duesenberg automobile.
The
stock
will
be
participating preferred and will be sold by Duesenberg, Inc., headed
by
Marshall
Merkos,
former
Chicago
manufacturer.
Mr.
Merkes
recently purchased the old Duesenberg plant at Indianapolis.
been
list
shares
date
operates
24
no
OPERATIONS—Over
its
varied
$249,900
on
pur¬
the corporation
options and the
present
415
Duesenberg, Inc., Indianapolis, Ind.—To Issue Stock—•
from
aforementioned
that
so
a
automatic
Dryomatic
^a'es
On
of
purpose—2,626 shares
upon exercise
of the
by the Exchange
of
options,
machine
Potterer,
eight-cylinder
certain
of
at
light-weight,
—V.167, p. 2131.
5,166
to
heretofore
added
known as Thft
incorporated in Maryland, March
17 E. 22nd Street, Baltimore 18.
sufficiently
Options
have
been
shares
1,10.0
share
meet
formerly
anticipated fields in which it would be useful.
Since January,
1948
the corporation has appointed dealers to distribute
Dryomatic
and developed material for assistance to
its dealers.
This policy has
proven effective as the sales demand had
already expanded
6, 1946, this cor¬
Exchange granted,
per
balance
a
the
for
$6
share
per
shares
list
at
to
operation, no bothersome noise and no
machinery to handle.
One small compact unit will rid a
damaging moisture.
effort
1°*°
Curb
capital
facilities
many
648.
June
and
working
products.
requires
Vice-President;
widely
a
March
on
additional
Thrift, director.
sales
was
after
1948,
made
was
with
of
R.
James
and
14
The
and
MANAGEMENT—Brice
rector;
share on account
June
its
approximately
times
area
Connor,
Arrearages—
payable
stock,
corporation
effective
content.
month)
CURRENT
concentrated
on
on May
(par 50 cents)
stock
common
BUSINESS—Corporation,
an
consumes
per
about
stock.
competitive
construct
Shares Of¬
—
Inc., Baltimore
conveniently-sized machine
which efficiently removes the moisture
from the air
through a simole,
swift, automatic operation.
It draws the air in the room
through a
drying agent and forces it back into circulation at
just a desired
shortly
with
& Co.,
manufacturing operations
for
AND
2, Md.
Dryomatic is
preferred
under
per
of
of
<■%1
Fairchild,
more
large
statement
(no
determined
acquire
similar
shares
;<///..
'pwt:
,
provide
expand
demands
Dryomatic
preferred
Exchange,
$6
the
to the
•
^manufacture,
has
D.
Assistant
Schape Manufacturing "Co., Inc., was
12, 1946.
Principal office located at
Md.
Manufacturing facilities located
May
1945,
Light
to
HISTORY
Se¬
on
which
growing
corporation,
,
to
subsidiaries,
Electric
Julian
elected
'<■: /
23,000 shares of
PURPOSE—To
cor¬
In accordance with a transitory provision of the Constitution of
Cuba, and the procedure for deposit, payments will be made on June 1,
1948, of interest of $4.08 per $1,000 original principal amount of
first > mortgage gold bonds,
5Va%
series of 1942, due 1942, "partredeemed," upon presentation of bonds for stamping of the rider at¬
tached
thereto; and of $19.33 per deposit receipt "part-redeemed,"
for $1,000 original principal amount of said bonds ($3.89 interest
pay¬
ment and $15.44 principal payment)
to holders of record at the close
of business on May 21, 1948.
trustees
Co.
12 offered
Cuba Northern Rys.—Principal and Int. Payments—
funded
for payment thereof.
guaranteed the pavment of principal
debentures of
subsidiary companies in
and
been
at $3.75 per share.
Allen B.
tabulation
Vice-President,
Bethke
Dryomatic Corp of America, Baltimore
the amount borrowed,
on
merged
into
Edison Co., Inc.,
were
Brooklyn
organized
New
this
under
dividend of $2.50
$8.12
amount
Sales
.
Co.
1,.
Period End. Apr. 30—
make
90-day
company
evidenced
A
to
per
been
Crown Drug
New
$79,765,000.
York)
3,726
which
coin-
15
mortgage
the
exercise
of
authority.—V.
PROGRAM—Company is presently engaged in a
construction program which, it is estimated, will be approximately
$240,000,000 for the years 1948 through 1951.
It is further estimated,
that on account of this program, the company will be
required to
finance through the sale
of securities,
the type of which has not
been determined, approximately $110,000,000 in addition to the
deben¬
tures.;'/.:
\
•."■
k • COMPANY—Company
(principal executive offices. 4 Irving Place,
Gas
from
the
of
registration
be
to
authority in respect of- the balance
converted
outstanding will be
the
on
at
fered—Mitchell, Hoffman
2027.
p.
a
will
a
total
purchase
exercise of options,
shares
CONSTRUCTION
New
the
addition
None
also
and
to
is
cumulative
used
and
unissued
shares, $6
upon
1,915.319 shs.
debt of the company maturing in December, 1948, and February, 1349
which $2,496,000 remained outstanding on March 31,
1948), for
which the principal and interest to maturity lias been deposited in
,
close
listing application dated
added
of
Accordingly,
:(of
It
Va
Co.—
of options
to various officers and supervisory
at the
option prices speciiied below:
share; 3,350 shares, $6.37'/a per share; 133 shares,
$10.62 Va per share, and 33 shares, $9.87 Va per share.
60,000,000
arrangement,
Dec.
than
been
187,
of
5%:
31.
a
2,540
now
5,206
60,000,000
the
be
against
ance
$286,913,140.
its
be
to
per annum
NOTE—There
value
Under
to
later
of
1.690
2,200,000 fills.
$70,000,000
a
banks.
mature
rate of
■M
stated
&
offer by
an
the
at
price
filed
;
the
of additional
executives
the number of shares
total
a
be
May
Curb
modifications
57,382,600
all
to
has
30,000,000
tlf
Wood
options.
100,000,000
13,771,831 shs. "til,476,527 shs.
$229,530,540.
connection
pany
York
of
1,455.000
to
said
exercise
upon
100,000.000
$100)
(par
Va
E.
'
for,
of
and
York
100,000,000
par)
stock
common
$In
(no
value
shares with
$1,437,000
2,1.88,890 shs.
1948
date
debentures will rank
equally with the $490,000 outstanding
subordinated notes but will be
subordinated to all other liabilb.ies
of the company and,
therefore, for the purpose of additional shortterm borrowings will have
substantially the same effect as an increase
in net worth.—V.
167, p. 153.
Va
record
18
amount
$16.12Va
total
a
New
100,000,006
pari
of
as
will
and
chase
gate
1, 1963
in
corporation
granting
1972
(no
will
on
applied
exercised,
70,000,000
preferred stock
""Book
•r.
1,
Cummins, Inc.
White, Rattier to Sapford
making of
of
shares
(additional)
poration
(open-end
debs., due June
preferred stock
Common
into
Nov.
V
2'/a%
authority to add to the list 6,266 additional shares of common stock
without par value, upon official notice of issuance
thereof, pursuant
to options-granted to various officers and
supervisory executives of
York,
loans
cum.
Cum.
D, due
1,
that
Anderson,
H.
"-.v
authorized
2%%;
/
;
These
%
Crosley Motors, Inc.—Stock Options—
In
due
mtge.) bcncls:
2%% series A, due Mar. 1, 1982
series B, due April 1, 1977-.2%% series C, due June 1, 1972
-
Co
Wlleeloek to
underwriters
May
1,
Outstanding
5,176,000
New
the
while
Notice
of
the
May
on
200,099
Proceeds
$16.12'/a
Co.
and
stock
1947
Power Co.
due Oct. 1, 1997
Consolidated Edison
to
19 announced that System output qf electricity
purchased)
for the
week
ended
May 16,
kwh., compared with 193,800.000 kwh.
week of 1947, an'increase) of 7.1%. Local dis¬
1933,
of
Arrearages
FINANCING
$15,000,000
&
Thomas
,
Va
directors have declared
f.9-year gold bonds,
purcli. money 6%-
Vfe
1
and
holders of record
the
July 1, 1995
Kings County Elec. Light
of
distribution
York
New
1st consel. mtge. gold bonds,
.
PRESENT
Authorized
Edison Electric
^
Co
2131.
p.
accumulations
the
GIVING
Stokes to
J. S. Strauss & Oo.___
34
13, last,
.
for
Jan.
agent
Domestic Credit
Carp.—Debentures Placed Privately
—On May 10, the company entered into an
agreement
for the private sale of
$1,250,000 of 4% sinking fund de¬
bentures, to be due April 1, 1958.
207,500.000
common
company
shares
CAPITALIZATION
Walter
Cosden Petroleum Corp.—Dividend
such
sale
to
167,
covering
bidding.
cash.
company's geneial
St if el. Nicol-uis to, Cn„ inc.
—Va
generated
The- nam/s,
$24,995 329
loans
June
on
have
cumbersome
salvage
.
>/3
Consumers Power Co.—Registers With SEC—
amounts.
From Jan.
1
to Dec. 31,
1947, gross addition:; to utility plant less depreciation reserve accruals,
and balances applied from prior security issues amounted to
$33,439,131.04.
The estimated expenses
($656,387)
of
the
company
•
<•
Co..
May
The
1947, not provided for from depreciation
prio* security issues and
(2)
to
the
thereof,
of
excess
3/4
necessary.
The subscription
before the
offering is made.—V.
to
like
paying
;
Robinson-Humphrey
24, 1948, shall have the right to subscribe, under a firm
for a period of 16 days, for common stock, of $1 par
to the extent of one share for each share held: and, in addi¬
tion, the right to make contingent subscriptions for any shares not
subscribed for by exercise of firm
subscriptions, subject to allotment,
the
toward
York
for $4,530,000 2Va%
V. 167, p. 1363).—
(see
Co.
Va
V
of
1943
Wall
1149.
p.
subscription,
an
a
and
Va
1948, or, the fourth full business day following the effective date
such registration in the event such registration becomes
effective
after
connection
sale
23
E.
Robert
Treasurers,
value,
*
Wall
1,
construction since Jan.
new
Va
Alle-
&
amounted
7.7%.—V.
of
redemption on Aug. l, 1948, at $105 a share, exclusive oi accrued
dividends, ol 273,566 shaves of presently outstanding $5 cumulative
preferred stock (no par) and the balance (1). to the extent of $28,000,-
^
The
due
paid
and
expand faeilities.T-rV. ,167, p. 2027.
from
company
applied
from
2
Edward
&
»/2
New,York Stock Exchange has received notice
poration' that, contingent upon effective registration
at
desire
in
Hughes
Inc.
The
sub¬
into
Incorporated,
stockholders
Co.
Co.,
Consolidated Vultee Aircraft Corp.—Rts. to Subscribe
warrants.
to
will
$3,729,101
& Co.
for
agent
Rafiensperger,
if
company
Morgan
as
proceeds
$57,382,600 of debentures
together
P.
J.
l,
:
1
with
company.
stockholders,
act
J.
or
PURPOSE—The
i
of
under which
New
New
Chicago, 111.,
Discount Corp. of New York—New
Director, Etc.—
6
Reinholdt £z Gardner
—.
the
of
may
be purchased or sold through the usual investment
Application
has
been
made
to
hare
the
warrants
and
debentures admitted to
trading on the New York Stock Exchange.
Company will neither buy cr sell warrants.
For
Otis & Co.
corresponding
of electricity amounted to 196,300,000
kwh., compared with
182,200,000 kwh. for the corresponding week of last year, an increase
channels.
;
appointed
bonds shall be dealt in "and interest."--V.
167, p. 2028.
tribution
Warrants
'
been
>/a '*
.
company, on May
(electricity
are
full
has
Weekly Output Increased—
on
1948,
debentures
1
i/a
Co
Hareld
agree¬
in
payment
&
v2
Wells & Co
Act
amount
Newton
Win. E. Pollock & Co., Inc.
V2
Co., Inc.
Wheeler
of
subscription
Co.
office of J. P. Morgan &
Co.,
St., New York, N. Y.
,
In connection with
this payment,
the New York Stock Exchange
directs that the bonds be
quoted ex-interest 2% on June 1, 1948; and
that beginning with Exchange contracts
made on June
&
;■«.
_
M.
interest
will be
Incorporated.
Va
curities
making
principal
for, to the treasurer of the
1
Nashville Securities' Co.--
to
the
The
"
Va
holders
executing
Co.
E.
Son
William R. Staats Co
Mull aney,
3 p.m.
iEDT) on June 8.
Coupon
denomination of $100, $500 und $1,000
principal amount and
registered debentures without coupons, will be issuable in denominations of $1,000, and in multiples thereof.
.Subscriptions
Newhold's
%
raan, Inc
Marx & Co:-—'—'
in
ment
&
H.
1%
Leedv,
Rio Grande Western RR.-r-Paying
Agent—
Trust
Chicago Title & Trust Co.,
Detroit & Mackinac Ry.—Interest
Payment—
agreed
Shaughnessy to Co., Inc.-
offered
1948.
has
Schmidt, Poole to
Trans¬
right
each
1
subscribe
become
debentures will be issued
the
at
only
close
J/a
Co.-
&
Dickson
W.
3'/a
Johnston/Lemon & Co.__
company
to the holders of its
common
stock
for
subscription at 100% of the principal amount at the rate of $5
prin¬
cipal amount of debentures for each share of common stock of the
evidencing
which
4'/2
by, the
company held of record at
ferable
warrant* issued
Clark
S.
the
equipment-trust certificates dated
May
V. 167, p. 2027.
the
Percentage
64 Va
Hirsch & Co...:—
*
$57,382,600
debentures
and
Gregory to Son, Inc,__
and
and
with
&
Bankers
1995,
underwriters
Fan set, Steele to Co
3reen, Ellis to Anderson._
payable June 1 and Dec. 1 in New York, N. Y.
Convertible
at option of holder thereof into common
stock at 025 principal amount
of debentures for each share of common
stock.
pro-rata
several
Percentage
Central National Corpui_
W.
Denver
The
follows:
as
'
Clayton Securities Corp.Henry Dahlberg & Co.—
Dempsev to Co.-——
Interest
The
unsubscribed
(he
exer¬
legal
1940,
are
of
to
standby period
the $1,000 bid
for
purchase,
E.
under¬
other
the
of
Burr & Co., Inc
in
par
'
of
names
Registrar—
Guaranty Trust Co. of New York has been appointed New York;
for; the 3,/8%>
sinking fund debentures due April 1, 1973
(see offering in V. 167,
p. 1585).—V. 167, p. 2027.
the
,
"
the
or
of
are
Commission
required
end
expenses,
debentures
S.
subscribe
to
having
besides
to
P.
stockholders
the
at
York
Commission
the
for
June
the
New
of
Wards
_
$5 of debentures for each share held.
requirements
mains
The
subsidiaries
Halsey, Stuart & Co. Inc.
George K. F-aum £i Co.__
held.
sary"
%
parts
to
are
The Halsey,
Stuart & Co. Inc. bid was the only one submitted.
Syndicates formed by Morgan Stanley & Co. and The First Eo.ston
Corp. decided not to submit bids because of "onerous" and "unneces¬
•
Third
percentage
Any debentures not subscribed for under
terms of the offering, which
expires 3 p.m. (EDST) June
8, will be taken by the underwriters who may, or may
not, offer them publicly.
1
its
UNDERWRITERS—The
The de¬
bentures will be convertible into the
company's common
stock at the rate of $25 in debentures for each common
share
transfer
11
registrar
Boroughs of Manhattan and The Bronx, in the First
of the Borough of Queens, and in the more
popu¬
Westchester County; and steam service in a
part of
the Borough of Manhattan.
underwriting privilege.
The debentures
Dallas Power & Light Co.—New York
0
operations have been
the gas manufacturing
the
in
and
The group bid $1,000,for
the
and
con;pany
lous
.
to its common stockholders of
an
gas
(2255)
arrangements,
power
service
Commission, the
offering by the company
$57,382,600 3% convertible
privilege of underwriting
The
supply electric service in the
Boroughs of Manhattan, The Bronx and Brooklyn, and in the
Borough
of
Queens excepting
the Fifth "Ward
(Rockavvay District), and in
Westchester County excepting the northeastern
portions thereof; gas
Deben¬
—
basis.
facilities arrangements,
pumping stations and
stations,
being operated as an interconnected system.
In
similar
the electric generating facilities have been operated as ."a
the System electric load, in accordance with interchange
for
The
May 18 subject to authori¬
zation of the New York Public Service
•
unit
.
Offered—Halsey, Stuart & Co. Inc. and associated
underwriters
unified
subsidiaries have been operated
companies
manner,
Consolidated Edison Co. of New York, Inc.
tures
holder
'/
This
company, which last year rounded out a decade of research
for industry, also supplied'another
yard stick of its 1947 accomplishments
in
revealing a total of 109 patent applications filed in the
United States and over 50 filed in foreign countries.—V.
162, p. 2515.
'
for many years on a
carried on under joint
•
per-
concerned
and its public utility
:
craft.
the
close
As
Such
reserve
of
a
for
service
with
costs were
cover
incurred
for
integration
extraordinary
in
connection
of
training
with
the
the
new-type Lockheed Constellation
charged during 1947 to operating expense,
therefore
was
to
"reserve
restored
intact
to
earned
surplus
at
new
and
in¬
air¬
and
the
1947.
result- of
the
drain
severe
on
the
company's
working
capital
the
loss
of
the
for
purchase of new equipment, along with the net operating
the third quarter of 1947 of $908,000, it was decided by the
directors ih Qctober, 1947^ to emit the payment of the
regular semi¬
annual
This
of
dividend
decision
of
was
25
working
capital
cents
made
t*"1 f-torlrb^Hers
rather
in
per
the
share
belief
usually payable in December.
that it is to the best interest
o*1" to maintain
than,
to
make
iripreopo
dividend
pnmoa^'s
payments at
a
tim$
■'A-
12
when
there
Monday, May 24, 1948
CHRONICLE
COMMERCIAL & FINANCIAL
THE
(2256)
STATEMENT FOR CALENDAR-YEARS
•
1947
1946 '
1945
Net sales
.
• $89,564,600 $56,551,299? $91,826,901
Cost, of sales,--selling, administrative
v.?*
.,...
j-.;5•
and general expenses
____
81,485,550 52,034,707 74,628,487
Voluntary price reductions
:f,!1! ;i2i—1_
2,151,341
dividends.
such
earn
regarding the company's ability to
doubt
any
STATISTICS
OPERATING'AND TRAFFIC
t. w
of
number
Average
■
(>
air-
passenger
day
planes in operation per
$
\ "
1947
.
Total
pas enger
revenue™:
passenger
ir express pounds carried
Total air express revenue..
'
:
Total revenue miles flown—
flown
miles
$1,411,505
606,836
$95,511
Net
43,452,127
1,082
'*• 7,54
52.22%
95.75%
■'c' 59.93%
94.31%
In
an
amounts
1947,
June,
in
ment
to
is
It
total of $5,000,000 was borrowed under this agree¬
help pay for the fleet of new-type Constellation
contemplated that any further borrowing will be
a
order
aircraft.
not
required before Dec. 31, 1948, at which
of the agreement will expire, unless the
airplane is
decided
YEARS ENDED DEC. 31
Mail
Express and
Miscellaneous
,1
Total
—
operating
1,507,016
for
$52,264,796 $41,824,627
12,952,868
9,092,684
6,937,198
5,989,332
—
10,061,150
5,968,515
costs.
5,626,612
2,511,469
3,551,516
2,988,493
7,224,562
5,246,825
2,426,714, 1,547,420
franchise).
461,432
499,336
revenues
of
operations
,
operations'
Equipment maintenance
Depreciation, incl. amortiz. of conversion
Flyipg
Ground
service
Passenger
———
adverti. ing.
General and administrative—
Taxes (social security, property and
Selling
and
cinnati,
Net income
Reserve for integration of new
transferred
Balance
Dividends
surplus
to earned
:
per
♦Restored
share
common
to
1947
tin
surplus,
earned
$1,259,196
"Crl,000,000
take
$3,504,643
1,197,786
$1.46
before
and
in
1946
ICC
SHEET,
BALANCE
31,
on
Joe
the
Stockholders
as
of
its
March
Notes
V.
May
on
167,
examiner's
C. under
167,
p.
the
A.
back
C.
L.
plan
and
Total
1948,
was
not
that
Philadelphia
Co.,
—
Offered—
Stock
(& Subs.)—Earnings—
after
"
1948
1947
$20,206,051 $24,042,368
taxes
Federal
3,111,983
and int
income (est.)
d.eprec.
on
1,069,830
$1,745,591
124,710
1,215,956
297,899
1,216,028
$1.54
on
4%
pfd.
stock
Dividends
on
common
stock
303.989
profit
Number
Earned
of
common
shares
share
per
$6,116,964
167, p.
1948—4 Mos.—1947
$6,518,134 $23,155,922 $20,960,988
W.
Roy
1948—Month—1947
Sales
—V.
Director
New
Inc.—April Sales Off—
Edison Bros. Stores,
pointed
a
Appointed—
1947
Electric Power & Light
week
ended
May
Corp.—Weekly Input—
Period End.
—V.
—V.
p.
&
Equipment Co.—Earnings—
sales
1948
of
—V.
;
shares--
common
Earned
share
per
167,
275,579
373,594
373,594
$0.86
profit
No.
1947
$3,433,155
332,136
—
Preferred
$0.74
Net
Owned Telephone—
H.
Patten,
has
company
I;
in
taken
p.
941.
annual report to the stockholders, the company reports 1947
of $63,564,600 which is by far the largest peacetime volume
history.
its
Net
profit for the year 1947 after taxes was $4,224,777 or
share, as compared with $5.14 per share in 1947.
$7.05 per
common
•
According
received
to
from
the
report
customers
in
signed
the
by R. H. Morse, President,; orders
six weeks of 1948 are running
in the comparable period
first
somewhat larger in total than those. received
of 1947.
p}'*
During
program
the year the company completed an extensive financing
under which there were sold to the investing public $20,000,000
This enabled the company to discharge its bank loans,
company
on
May
to
General Motors Corp.
buildings and machinery In
which it had been utilizing
rental agreements^ and to increase working capital.
company's, diesel locomotive program is developing satisfactorily,
from the U. S. Government
Wis., and Freeport, HI., works,
purchase
under
The
reports Col. Morse.
"Orders
for
1948—4 Mos—1947
over
a
quarter of a
A
$433,523
$348,171
$433,523
prospects for increased sales are excellent.-" As a matter of fact, at
the present- time ability to take additional orders is limited only by
our
production facilities1 "and these are being expanded as rapidly as
.
Pa.—Files With SEC—
.
—
v
Reduces Prices of Household
-
affected by .this price reduction are such small
manufactured by Packard Electric Division, Warren, •
Appliance Division, Rochester, N. Y.r and Delco Products
Division,
Dayton,
Ohio, and electric, refrigerators, electric ranges,
automatic washing machines; electric ironers, • electric clothes dryers
and i electric
water heaters produced and' sold by the - Frigidaire
Division, Dayton.—V. 167, p. 2132, " "*
"
electric
Ohio;
:
in- items
motors
Delco
Instruments Corp.—Earnings—
Mar. 2.0, 48 Mnr. 22, '47.
$8',304,754
(net)—
income
net
Fed.
for
Consolidated
of common
No.
Earned
income-.
and Canadian
$868,422
net income
shares—
548.435
369,762
$801,079
333.243
S2.2G
income taxes
share
per
167, p.
$498,660
333.243
$1.33
1694.
RR.—Operating Revenues—
Georgia & Florida
Week End. Mav 7
Period—
1948
—V.
p.
$54,375
revenues
167,
$">03,516
Dr35,094
$1,349,514
income
operating
5,980,085
$1,293,652
55,862
and expenses
$6,883,581
7,011,102
sales
Operating costs
$0.66
reduction of 5% In the prices of household appliances: and small
motors used in such equipment became effective on May 10.
Included
inillion horsepower have been re¬
to
possible."
Time
General
12 Weeks Ended—
Net
1947
$372,671
24,500
electric
.
date," he said.. "As a result of the excellent performance
ready acceptance of this product by major American, railroads,
ceived
and
Appliances—
was
1947
$53,425
Jan. 1 to June 7
1948
$893,333
1947
$848,692
2132.
Georgia Power Co.—Definitive Bonds
Ready—
Trust Co., trustee, is prepared to make delivery of
definitive first mortgage bonds, 3%%
series due 1977, in exchange
for outstanding temporary bonds.—V. 167, p. 1694.
■
,
New
York
13
of debentures.
the Beloit,
7.7%—
filed a letter of notification with the
SEC
covering 36.574 shares of preferred stock (par $1).
Company
is
offering (a) to holders of its common stock the right to ex¬
change prior to 3 p.m. (EDT) on June 3 shares of common stock of
company
for shares of preferred now offered on basis of one pre¬
ferred for four common (or less than four shares of common plus
cash at rate of $1 per share of common); (b) to holders of preferred
stock (including, holders of preferred' now. offered' in exchange for
common) and to employees of company, and its subsidiaries and of
approximately 20 affiliated companies, owned, managed or controlled
by John H. Ware, 3rd, President of company, the right to subscribe,
at. $4 per share, prior to 3 p.m.
(EDT) on June 10, on an unlimited
basis for shares of preferred now offered.
The foregoing offers are
limited to stockholders and eligible employees who are residents of
Delaware,
Florida,
Maryland,
New Jersey
and Pennsylvania.
All
phares of preferred not Issued in exchange or subscribed for prior
to 3 p.m. 1 EDT) June 10, will be offered to the public in the State
of Florida at. $4.15 per share through Gordon, Graves & Co., Miami,
Fla: Proceeds will be used to reduce bank loans.
» '
1 ■
*
announces
sales
its
Increased
Ii50.
Gas-Oil Products, Inc., Oxford,
The
that, effective May 17, the
over Tudor
Village, Inc., at 94 Massachusetts
which will be operated as an Exchange Buffet
President,
Fairbanks, Morse & Co.—Annual Report—
In
p.
the United States
on May 19, 1948*
installed late in December,
1939.
During the intervening eight years and four months the number
of System-owned telephones in service has doubled and total assets
have increased from $108,755,000 to $195,000,000. This growth can be
accounted for in part by acquisitions but more particularly by addi¬
tions of telephones to existing exchanges. Today General Telephone
operates 1,022 exchanges in 19 states.—V. 167, p. 1807.
The
Ave., Boston, Mass.,
Restaurant.—V. 167,
net
167,
General Telephone System, the
656,049
shares
~V.
by
telephone
500,000th
System's
Consolidated
$0.53
;
profit per share of common stock,
outstanding
Net
Exchange Buffet Corp.—Expansion in Boston—
A.
telephone owned
millionth
The
group of operating telephone companies in
outside the Bell System, was installed in Wisconsin
largest
ap¬
1948
profit for common stock
Corp.—Installs 1,000,000th System-
General Telephone
Co.—Earnings—
dividend requirements
of this corporation for the week ended
148,439,348 kwh., an increase of 21,531,506
Operating
1150.
p.
stock
Utilities Corp.—Weekly Output—
May 14,
kwh., or
corresponding week of last year.—V. 167, p. 2132.
the
16.8%, over
—V.
profit after provision for Federal taxes
Net
$3,711,298
Quarters Ended March 31—
Net
been
2132.
Quarter Ended March 31—
Emsco Derrick
Net
has
$13,410,420 $12,444,201 $44,453,616 $43,207,549
167,
Gardner-Denver
167, p. 2131.
1948—Month—1947
April 30—
Sales
13,
this
Sales
of $2,361,35G
electric output
amounted to
Provision
1948 the System input of subsidiaries
corporation amounted
to 65.854,000 kwh.,
an increase of
12,048,000 kwh., or 22.3%, over the corresponding week of last year.
the
For
of
Treasurer,
1921.
Gamble-Skogmo, Inc.—April
$37,644,847 $30,541,872
discounts totaling
for
General Public
The
1948
Other
Secretary and Assistant
director.—V. 167, p. 1469.
Jacobs,
and
both years.
(After reserve for depreciation
and $2,223,560 in 1946.—V. 167, p. 251.
Net
Period End. Apr. 30—
accounts
doubtful
3,899,658
$1.33
Dividends
$2,000,517
123,380
Net
2,815,471
1,111,466
for
reserve
The
2132.
1,000,000
9,452,247
in
$200,000
in
936,000
200,000
5,000,000
5,298,410
1,000,000
9,990.562
—
cumu.
'•After
676.750
1,056,915
936,000
200,000
5,000,000
5,298,410
3,899,658
and
__
Earned surplus
to Federal District
2023.
sales
Net
income
on
preferred stock ($100 pari
Common stock (outstdg. 472,982 shares no par)
Capital surplus
Special capital reserve accumulated pursuant
to requirements of charter—
7%
companies.
working capital of $2,464,035
sufficient for operation of the business
said
Quarter Ended March 31—
Net
taxes
reserve
Insurance
&
p.
643.410
1,032,249
wages
adjustment reserve
Inventory
authorized the company to issue $2,500,000
18
President,
Fruehauf Trailer Co.
49&',778; prepaid insurance,
charges, $60,732; total, $39,004,622.
LIABILITIFS—Accounts payable, $4,186,824; reserve for Federal in¬
come
tax, $1,803,452; accrued payrolls, $414,150; accrued taxes, other
than
Federal income tax, $152,966; insurance and miscellaneous ac¬
cruals, $1.69,"88; air travel plan deposits (gross), $1,749,400; transporta¬
tion sold, net yet used or refunded, $1,367,895; notes payable to banks
Hinder revolving credit agreement, $5,000,000; reserve for overhaul of
fly.ing equipment, $1,096,376; common stock (par value $1 per share—
stated vrlue $1.25 per share), $2,994,465; capital surplus, $3,817,954;
earned surplus, $16,251,752; total, $39,004,622.—V. 167, p. 1586.
supplies,
and commissions
taxes other
than income taxes,
accruals (incl. tax withholdings)
for
$2,500,000
228,341
293,551
trade
salaries,
other
308,561
335,997
$9,000,0.00
payable
payable,
Accrued
Co., New York, on May 19 offered 3,000
shares of common stock (par $2.50) at $40 per share.
Proceeds will be used for general corporate purposes.—
Estabrook
242,483
$37,644,847 $30,541,872
Georgia-Southern, New
St. Johns
Florida and
America, Inc.—Private Financing—
Mineral
Foote
44,987
293,017
prepaid expenses
LIABILITIES—
first mortgage bonds, to be sold to insurance
31.
174,012
premiums and other
Total
currently expanded scale.—V.U66, p. 1354.
1947
hand, $7,050,241; U. S.
case to reconsider
the matter was sent
order
Cate,
H.
Henry
cigar machines operated
contracts
(portion
royalty
unamortized)
Insurance
Accrued
Southern,
the A. C. L.'s petition for authority to
Florida East Coast. This was a reversal
the
reopened
10-year 4Va%
after
2,347,032
—
use
and
lease
furni¬
paper.
Flour Mills of
converting leased aircraft, $1,112,476;
ground equipment, leasehold
improvements, furniture and fixtures (after reserve for depreciation of
$1,780,893), $3,754,146; prepaid rentals of buildings and flying equip¬
ment, $D10.r54; materials and
$931,331; miscellaneous deferred
granted
confirmation.—V.
for
to
of license
Provision
may
reversal
the
Court
Government
securities (at cost), $210,119; General Motors Acceptance Corp. notes,
1 Va%,
due April 7, 1948 (at cost), $4,984,939; accounts receivable,
$4,733,907; other investments, $260,005; flying equipment (after reserve
for
depreciation
of $7,656,716),
$14,496,994; unamortized costs of
in banks ard
ASSETS—Cash
St.
ICC
The
after
of new equipment.
DEC.
of
control
and fixtures
ture
Cost
Cin¬
the
a
on
giving effect to reserve for integration
Line,
Air
Co.
last
_
Accounts
Seaboard
the
and reorganize the
over
31,253
.. . 1
3,173,459
receivable
Goodwill, trade marks, patent rights, etc
(Land, buildings, machinery, equipment,
17 granted
Jacksonville, Fla., May
previous Commission order which gave approval to an
recommendation
for
independent operation of the F. E.
of
$4,504,643
1,000,000
$2,259,196
598,893
$0.53
equipment
paid
(Earnings
*
1,510,000
—
—
—
at
intervention had been presented only by
A. C. L.
Intervention was protested by Giles Patterson, counsel for the St. Joe
Paper Co., controiled by du Pont interests.
$8,279,643
3,775,000
tax
Provision for Federal income
>;
of
for
Arguments
299,090
$2,769,196
income
Total
on
Railroads Given Right
Orleans & Prcific: the Alabama,
Northeastern; Georgia Southern &
&
91,752
1
_
Sundry assets
Coast.
were
Terminal
3,376,073
28,549,303
1946
$1,772,233
100,000
2,398,770
23,605,107
at cost
securities,
Government
S.
U.
Ltd.]
1947
$1,987,230
Cash
under
New
Orleans
River
$7,980,553
146,452
Strum
W.
East
others
DSC. 31
ASSETS—
of
Florida
the
The
The
$2,622,744
•^ Operating income —
»
Miscellaneous income (net)—
L.
Judge
petition
189,593
employees
1946.
General Cigar Co. of,Cuba,
[Including
the Atlantic Coast Line RR. and seven other roads
the right to intervene "as interested parties" in the reorganization
the
1 94,094
591,228
Reorganization—
Intervene in
Federal
110,382
200,350
-
201,459
amort.
comnensation to officers and key
plan, $75,456 in 1947 and $90,069 in
CONSOLIDATED BALANCE SHEET,
♦Accounts
Coast Ry.—Eight
East
Florida
to
$8,973,726
350,000
,
additional
sharing
profit
...
Inc.—Special Meeting—
stockholders will be held on June 7
consider
$9,452,247
end of year
deprec. &
for
prov.
(•Including
under
$15,000,000. See also V. 167, p. 2131.
2,028,411
freight revenues
revenues 1
♦Incl.
,
special meeting of the preferred
borrowing from the New York Life Insurance Co.,
notes with maturities not to exceed 20 years, and up to a maximum
$48,378,395 $38,797,998
1,557,640
1,409,231
revenues?
revenues
Earned surplus at
payable,
stock
common
on
$9,914,954
$3,990,562
stock
preferred
on
Dividends
taxes,
A
$978,418
8,936,536
$1,656,239
8,973,726 ;•
$11,050,035 $10,629,965
350,000
3 50,000
709,473
827,718
„
Dividends
1946
1947
Passenger
Total
.
Inventories
to
1,327,418
312,000
$1,597,788
9,452,247
beginning of year
Earned surplus at
Federated Department Stores,
time the commitment period
purchase of a new type of
$2,617,836
965,000
1947
j-'''
;
■
$2,621,239
945,000
income
on
contingencies
lor
Profit for year___
-
$74,287,706.—V. 166, p. 854.
upon.
INCOME ACCOUNT FOR
\ ■;
„
1
$2,542,788
provisions below__—
Profit before
Provision
$7,519,042; accrued salaries, wages,
etc., $3,658,184; provision for Federal income taxes, $3,410,000; serial debentures, due $500 000 annually May 1, 1°46' to 1952,
$2,500,000; 20-year 2:75% sinking fund debentures, due May 1, 1967,
$17,500,000; reserves for contingencies, $5,257,461; common stock, with¬
out
par
value (issued, 599,595 shares), $13,07i;i20; capital surplus,
$300,425; earned surplus (of which $15,345,685 is not available for
cash dividends under trust indenture restrictions), $21,071,475; total,
company
to have
such
total, $74,287,706.', ■
LIABILITIES—Accounts
$2,555,643 : $2,635,788
65,591
Drl7,952
& properties
sale of secur.
on
• Provision for taxes
ASSETS—Cash,
$8,903,387; receivables (less reserves of $506,974),
inventories (priced at the lower of co3t or market), $27,prepaid insurance, etc., $218,774; investment in Municipal
Acceptance Corp. (wholly owned), at cost plus accumulated earnings,
$1,749,170; land, buildings, machinery, equipment, etc. (alter reserves
for depreciation of $16,846,089), $17,383,101; patents, trade marks and
completed an agreement with 27 banks as of Dec. 31,
aggvegate of $20,000,000 made available for borrowing
and at such times as the company might request
until Dec. 31, 1948.
Amounts borrowed under the terms of this re¬
volving
credit agreement must be repaid in quarterly installments
during the three year period from Dec. 31, 1948 until Dec. 31, 1951.
The
$2,600,625
394,986;
local
$5,433,458 $5,152,058
2,720,840
2,370,956
134,454?
128,327
22,516
16,987
—$2,516,530
26,258
Balance
$18,638,287;
goodwill, $1;
$6,056,762
3,312,201
148,740
73,291
(net)—
■
Profit
.y.*,:f.
y
$35,610,716 $27,283,435 $25,473,775
29,553,954 21,849,977 20,321,717
profit
Interest expense
.
1,498,988
$5.14
$4.34
deductions above
included as
in 1946.
other than
• tSelling, admin. & generaT expenses
Employees' retirement plan expense.
1,498,987
SHEET, DEC, 31,
CONSOLIDATED BALANCE
traffic is reflected in the revenue passenger
miles
which increased only 14.9%
in 1947 as compared with 1946.
Passenger volume in June, July, August, September and November was
actually lower in 1947 than in 1946. It is expected that improvements
in techniques of handling passengers and cargo and a nearer approach
to on-time operation will materially change this picture in 1948.
in
$3,079,135
$7.05
.
aggregated $1,117,344 in 1947 and $779,073
The vo'ume of passenger
1946
profit
share
per
NOTE—The provisions for depreciation
8,278,759
2,100
13.27
76.53%
96.91%
Corp.
$2,577,988
22,637
dividends
Common
Earnings
1,948
11.21
—_
$2,969,731
,
103,404
1,498,987
Consolidated net
$4,181,781
42,996
$4,224,777
profit
—
inc. of Municipal Accept.
Net
per
airplane
;
Hours flown per day per pass, airpl.
Revenue passenger load factor——
Operating performance
passenger
487.269
3,410,000
1946
1947
& returns & allow.—;
goods sold
♦Cost of
Report—
A V-1945
(& Subs.)—Annual
-v "
■
discts.
less
sales;
•
cash discts.,
■ ,
$4,456,591 $15,047,073
Cr513.l9q
fr) 43,915
2,000,000 12,613,000
$8,079,050
charges, etc. (net)for Federal income taxes
Prov.
$161,708
49,792,331
...
day
per
1,643,695
!
Gross
Gross
operations.:
profit from
Net
Years—
Calendar
i
.
Interest
j
$1,478,564
6,678,661
$649,846
—_—
'Freight pounds carried-.—
Total freight revenue..—.;
Revenue
21.0
3,158,253
$1,409,231 $1,513,516
1,553,717
162,246
835,140,760 - 71,385,547
$47,608,335 $38',245,589 $3,866,631
14,820,223 12.699.24Q < 754,819
$1,557,640
carried—
1,750,194
miles flown-:____ 959,698,729
Number of rev. passengers
Revenue
6,326,857
6,978,594
'Mail pound miles flown-(1,000)
Total mail revenue
1938
v
56.7
11,696,654
44" 70.0
12,435,383
;
pounds carried
Mail
•'
1946
■ •
,
Cigar Co., Inc.
General
CONSOLIDATED INCOME
be
could
Giant Yellowknife
In
(original)
its
Gold Mines Ltd.—Options Extended
listing application dated Sept.
12, 1946, the com¬
applied for, and the New York Curb Exchange granted, authority
to' add to
the list 35,000 unissued shares of capital stock of this
company
upon official
notice of issuance pursuant to the exercise
of options proposed to be granted to management
and employees to
purchase said shares of capital stock at $5 (Canadian )> per share to
April 30, 1948.
Options to purchase 2,250 shares have been exercised
pany
' 'i'-'Vv'H
been received that the directors on April 3d, 1948,
aforementioned options in respect of the' 32,750 shares
which still remain unissued thereunder for a period of 1'2 months to
April 30, 1949, the price to remain at $5 (Canadian) per share.1 '4;
The
Committee on
Securities of the Exchange has. accordingly,
extended to April 30, 1949, the listing authority granted pursuant to
the
aforementioned listing application;-^. 166, p. 1578, ^
.to
date.
Notice
has
extended
the
now
(B. F.) Goodrich Co,
—
Introduces "Super-Premium"
said to combine extra tread width and
extra-low pressure, was announced by the company on May 14. It is to
go on sale immediately at the company's retail outlets throughout the
country.—V, 167, p. 1922, .
A
super-premium auto tire,
Grand Union
Co.—Current Sales Up 14;6%
; Period End. May 1—
v '*<
—j
Sales
—V.
—
167, p.
.
.11—.—
1694.
,
-t,; 1948-^3 Wks.
—I WKS.-—1947.
1948^-4.Wks.—1£43
;
$8,113,504
$7,064,876 $18;04.1,455 $16,119,198
TH®edMME^
Number 4701
Volume 167
V, Illinois Central
Hathaway Bakeries, Inc.—Directors and Officers-*
meeting of stockholders Hheld-on May 43. only "four
■
The
Borck, George E. Drake, John S.
Slater and W. E. Stanwood. This left one vacancy on the board.
r
At the directors' meeting, held immediately after the stockholders
meeting, the following officers were elected: John S. Slater, 1st Vicepresident; William E. Freeman, 2nd Vice-President; Romeo R. LaFormp.
3rd Vice-President;
Charles S. Tupper, Treasurer & Secretary; and
directors
elected, viz:
were
James S.
Co.—Quarterly Sales Up 18.6%—
i.
Sales
.
quarter
1947.—V.
of
;K'C•
167,
'
dividends.—V.
Philadelphia National
Bank
company
Sales
167,"
tot the capital stock, effective June 1, 1948.—V.
of
.
goods
pensation
transfer agent
Income
847.
1947
$4,280,536
2,729,0*4
3,042,161
reserve)
charges
contingent
54,654
82,325
119,693
5,567
(incl.
exp.
income
on
^
plants and divisions of this corporation will close for two weeks
July 24 in order to permit taking of summer vacations by
employees according to Joseph L. Auer, company President. They
income
Net
^
Shares
serious
Potential
bottlenecks
in
by I,
T,<
&
T.
present space
reser¬
include
users
complex problem of reservations.
A teleprinter message from
point, ccast to coast, which may be connected to the INTELEX
will
automatically actuate the 'mechanical brain'
to
sen
back an immediate answer by teleprinter to practically any reserva
tions query."—V. 167, p. 1810.
system
Jewel Tea Co., Inc.—Current Sales Up 21.1%—
%
Period End. Apr. 24—
Retail
r.iyi (R.) Hoe & Co., Inc.—Summer Vacation Closings—
the
overcome
procedure.
airlines, rauroads, bus
companies/steamship lines, hotels and theatres.
Although the initial
demonstration emphasized its value to airlines, the new
system can
be
applied to virtually any field or business in which reservation*
constitute
an
important function.
It may also be used in inventorj
control, scheduling^
machine- operations,: debit and credit bookkeeping: and department store credit i authorization..
"Basically, INTELEX may be compared to a modern dial telephone
switching, system, except that it is geared specifically to handle th VU
6,218
174,000
(net)——._
Provision for Federal taxes
engineers to
com¬
;
.
,
"ihe new rrpbot-~caHed. INTELEX:--rwas/ developed
,,
any
59,589
gen.
methods of operation, deceived Its first public
13,
according
to an announcement,
which
May
more
1948
$2,984,164
sold
and
on
added:
vations
.
(& Subs.)—Earnings—
expenses
Admin,
p.
,
'
2133.
p.
that -or present,
*
demonstration
v
——
Selling
appointed
*
Miss.
6 Mos. Ended March 31—
during the first
■
has been
167,
HKnois Zinc Co.
(Charles E.) Hires Co.—Transfer Agent—
The
than
■
ICC on May 10 authorized the company to assume obligation
liability in respect of not Exceeding $14,000*000 equipment-trust
certificates, series Z, to be issued by the Pennsylvania Co. tor Banking
&
Trusts,
as
trustee,
and
sold
at
99.405%
of
par
and accrued
Cost
'
■--
The
1694.
p.
'
-
<>-
„
certificate
a
and
■
Hecht
NOTE—The figure for 1948 includes sales of the
at Silver Springs, Md., which was not opened
!
store
issued
Equipment Trust Authorized—
,
1948
1947
$18,451,089 $15,561,852
Quarters Ended March 31—
.
V
RR;—Abandonment-*^,*\
May 7
on
Grenada, Carroll and Leflore Counties,
in
v ;
1,6$,' pi 445^
-I Hecht
ICC
permitting abandonment by
the company of a line of railroad extending in a southwesterly direc¬
tion from Grenada
to Grenada Junction, approximately 31.50 mixs
'At^the annual
$107,640
$383,811
outstanding.
201,880
Earnings per share—
$0.53
$1.90
its
—V.
sales
1948—4 Wks.—1947
1948—16 Wks.—1947
$11,275,093 " $9,310,137 $44,962,533 $36,297,97.
:
167, p. 2133.
•
201.880
starting
—V.
All
will
9.—V. 167, p.
Aug.
reopen
Boolc-of-tne-Month
Club,
Inc., above.—V.
The
that
Houston Lighting & Power
The
Guaranty
York
registrar
V.
See also
4978.
167,
Co.—N. Y. Registrar—
The
30
have
directors
to
stock
holders
made
for
June
on
declared
the
and
30
$1 Dividend—
dividend
a
of
$1
in
per
share
the
on
June
Dec.
last year.—V.
29,
Pulp
The
in
the
shares
of
Californ.a.
fields
proven
Jan.
1,
1948
Uncollectible
oper.
Operating
Kent
Registrar—
39.482
28,959
rev._
Net
Net
11,788,447
1,577,899
35,565,570
4,402,866
$641,826
$2,835,131
468,780
1,960,500
income
Net after charges
42,379,778
5,754,227
2,020,728
Bids for $60,000,000 of First Mortgage Bonds—
the purchaset
for
Bids
:i
bonds,
mortgage
Room
2315,
series
195
as
whole
a
B,
due
Broadway,
of
June
New
issue of $60,000,000 first
1978, will be received at
N. Y., up
to 11:30 a.m.
COMPARATIVE
Calendar
Toll
YEARS
ACCOUNT
INCOME
ENDED
revenues
service
4,851,042
Cr347,796
Uncollectible operating revenues
963
184,517
771,528
569,639
of
operating
revenues
Cr230,036
maintenance
Current
Depreciation
Traffic
amortization
and
expenses
Commercial
expenses___
—
expenses
...
$174,387,843$158,035,085
36,890,247
30,361,184
15,191,247
13,162,871
58,972,976
52,677,890
18,050,658
15,909,526
1,340.253
and
miscellaneous
expenses.—
Net
operating
of
and
excess
Other
clue
taxes
carryback
to
of
state,
local
16,325,147
Net
772,918
income
$4,929,442 $11,882,664
Total
991,274
480,513
$1,758,137
$9,055,787
2,924,964
9,749.940
$5.56
income..
interest
income
-
Dividend's paid
$0.90
Earnings per share
COMPARATIVE
BALANCE
SHEET,
DEC.
be
12,649
property.
by
the
deposits
Working funds advanced to employees
17,137,508
1,316,205
690,674
717,383
and supplies
256,799
22,578,382
6,891,518
^
465,623
Prepaid expenses
1
Other, deferred, .charges
—
13,
15-year
loan
of
refund
to
company
completed
6,123.079
' 529,744,555 453,333,382
-T-h-.-r
the
Certificate
each
share
of
shares
5,
record
of
York
in
the
and
New
Stock
that
Stock
all
due
the
at
of
two
stock,
of
business
par
no
additional
of
close
Placed
on
shares
June
on
14
1948,
7,
be
must
sunn
redeemed
be ex
.am
9,
June
on
at¬
declared
outstanding
paid each quarter.—V.
automobiles in
80%
greater
first six
the
than
during
month
the
corre¬
are
of
rise
a
of
1947.
the
at
estimated
an
months
half
1948
The
in
production
output
of
compared to 49,206 units
as
recently
company's
over
inaugurated six-day
Willow
Run, Mich.,
plant
in the second quarter of the
90,000 automobiles for the
he said.
new
deliveries
car
history,
added
it
was
have
been
brought to
the
highest
Mr. Frazer continued.
expected that the nine-hour
peak in
•
Co.—Registers with
'
company
covering
shares
of
14
May
on
$12,000,000
cumulative
underwriters
filed
first
preferred
registration statement with the
mortgage bonds due 1978 and 80,000
a
stock
$100);
(oar
The
of
names
the
will
be
determined
by competitive
bidding.
Proceeds
acquire and construct additional property and retire
$3,860,000 of 1%% notes issued for interim financing.—V. 166, p. 2031.
be
used
to
Kansas
City Southern Ry.—Earnings-
Period End. Apr. 30—
Railway
Railway
1948—Mouth—1947
oper.
revenues
$3,350,464
oper.
expenses
1,728,637
from ry. oper.
Net rev.
1948—4 Mos.—1947 1
$2,773 882 $13,054,495 $11,181,595
1.693,383
7,130,997
6,793,195
-4ii
«97
$1,621,827
<61 nan aoo
$1,080,499
qoi a.aa
$5,923,498
<
$4,388,400
taxes—
495X00
200.000
1,595,000
890,000
accruals-_
•183,000
161,000
726,000
653,000
Railway oper. income
Equip, rents (net Dr)
$943,827
$719,499
$3,602 498
$2,845,400
612,49C
Federal
income
Other ry. tax
1948.
$1.40 Annual Dividend Basis—
on
the sam
redemptio.
at t:.
if present production schedules
year
three
first
contribute to
also
will
May
on
that Exchange
directed
quarterly dividend of 35 cents
common stock, payable July
15 to holders
This
is
equivalent to $1.05 per
share on.the
common
stock on which $1 per share had been
15.
June
May
on
bills
May 20
the increased
share on
present
stock
common
directors
record
Exchange
first
company's
SEC
Distribution Ruling
common
1948,
scrip
Co.,
prompt payment
Corp.—Expects Increase in Production
approximately
schedule
of
June
surrender
to
Trust
1810.
p.
be
entire
Tho
,
,
Incorporation was filed on May
each share of common stock, of no par
on
&
to receive
Kansas City (Mo.) Power & Light
'f.
Harvester Co.—Stk.
to
requested
order
sec—
negotiating with
an
$5,000,000 to $6,500,000,
existing bank loans totaling $4,500,000
officials stated yesterday.
The loan is
an
interest rate
of 3 '/a %
annually.—
,
in
Pa.,
day and six-day
work
week should double
the
corporation's earnings for the second
quarter. Earnings for the first quarter ending March 31, 1948, were
$2,288,000 after provision for income taxes. See V. 167, p. 2133.
'
is
,
at
c
scrip ce:
one-quarter share of, stock represented by the
surrendered. Such amounts represent the pro rat'
proceeds of sale of full shares of common stoc
the scrip certificates which were outstanding on Apr!
in the
with
He
' ''
May
of the
terms
the net
167,
months,
the
other
and
stated
a
distribution
of
New
The
Joint
120,248
159,624
524,935
(net Dr)
5,599
5,173
25,371
25,217
income
fac. rents
$817,980
$554,702
$3,052,193
$2,207,693
a
Net
ry.
—V.
oper.
167,
2031.
P.
167, p. 2133.
(Julius) Kayser & Co.—Declares 25-Cent Extra Div.—
International Paper Co.—Dividend
R.
J.
Cullen,
Chairman,
at
the
of
stockholders
the
on
stock
at
the
of
$1
during
to
up
be
that
required
the
are
dends
which
"The
next
goes
be
must
of
and
on
need
continued
will
paid
as
on
we
come
funded
be
the
the
$3
for
future
inventories.
common
divi¬
paid
rate
not
do
out
know,
of
but
earnings
how
much
do
know
the
com¬
we
if
ment
of
to
what pur earnings and
determine the amount of
common
cash
divi¬
stock.
meeting of the board of directors
25,
at
which
the
question
discussing the company's U. S. Construction Pro¬
Mr. Cullen said in substance:
pei
cents
25
and
year,
each
on
were
Feb.
also
paid
15 and
on
June
Jan.
16,
April
and
15
1947.—V.
167,
p.
20
o:
1923
Additional
—
Bonds
Placed
United
States.
The
insurance
company
holds
the
balance of $7,500,000 bonds issued in 1947 and the inter¬
est rate has been increased from VA% to 3]/2%.—V. 167,
652.
p.
The
had set aside at Dec. 31, 1947, the sum of $19,659,000
expenditures pertaining to its present construction program.
report
also stated that the
company
would have
to
directors
share
per
the
28,
on
May 18 declared an extra dividend of 25 cents
the regular quarterly dividend of 50 cents per share
stock, both payable June 15 to holders of record May
Like amounts were paid on March 13, last.—V, 167, p. 652.
and
capital
1948.
annual
provide
from
$4,000,000
its
been
reserve, to
aside for
set
complete
this
King-Seeley Corp.—Quarterly Dividend
general
funds, in addition to the 1948
the program.
The $4,000,000 has
It is quite possible that the
ultimate cost of completing this work will exceed estimates due to
increasing labor and material costs and in this event additional
appropriations will have to be made.
depreciation
now
cents
bonds to the Equitable Life Assurance Society of
gage
on
meet
of
extra dividend of 25
payable June 15 to holders of recorc
is in addition to the regular quarterly pay¬
share which will be made on the same date.
Keystone Steel & Wire Co.—Extra Distribution—
The company
The
cents per
25
current
an
stock,
payment
Privately—Under supplemental indenture dated Feb. 1.
1948 company has sold an addiitonal $2,500,000 first mort¬
1948."
gram,
to
May 18 declared
on
common
This
Extras
the
the
debt.
of dividends will be considered is May
In
the
1.
for
construction
Just
know
we
able
the
funds
for
and
purposes
required
directors
can
on
year-end extra
total dividends
directors
on
June
Kelsey-IIayes Wheel Co.
a
receivable
for these
year
the
have
a
the
The
share
1948.
of
is
bringing
We
paid
were
and
year
per
paid,
share.
per
remain free
to
"As
$4
share
a
was
accounts
whatever
are
$3
there will be
1948
additional
panies
of
share
quarter
"During
and
rate
per
1947
first
the
Policy Discussed—
meeting
annual
May 12, said, in part:
"During the year 1947 regular dividends
474,065
254,505
Current receivables
? Total,
615,669
2,599,614
335,540
Special cash
Proceeds
1948.
tribution;
228.400
528,669
3,567,189
Day.
the
for each
work
year
the sale of $25*000,000
will provide the com¬
purposes.—V. 167,
plans
company
construction
number
planned,
as
the
31,503
335,900
subsidiaries
Other investments
Cash '
Material
47,979
was
for
used
be
to
contracts
$
493,206,615 424,710,442
Telephone plant
Miscellaneous physical
in
1946
$
Bank
should
should
$90,867
42,620
Labor
new
it
expansion,
needs
31
1947
ASSETS—
Investments
foi*
amendment
The
will
Net
after
company
holders
to
1,355,090
945,023
from
871,187
1,355,090
deductions
interest
Other
$83,957
19,460
reported
was
funds
will
value,
15,003,855
192,522
for
Michigan Electric Co.—May Issue Bonds—
it
19
dend
Misc.
$33,939
14, 1948, pursuant to which
value, will be changed into three
$4,156,524 $11,690,142
operating income
Bond
83,322
'
for
held
Other
are
National
corporation's production of
1948
six
International
and
security
certificates
$9.37
mobiles
150
105,607
$39,569
corpoxation,
An
Cr4,005,000
profits credit
—
principally
taxes
social
150
31,035
25,013
shortly
expected
19,850,544
$20,752,281 $25,111,797
270,610
2,422,800
revenues
income
600
50
44,071
_
income
with
which
certifica.
the
main¬
Joseph W. Frazer, President, told stockholders a.
the annual meeting held on May 18.
Mr. Frazer pointed out that the corporation
produced 44,847 auto¬
Interchemical Corp.—Seeks Loan—
per
taxes
income
Refund
scrip
sponding period of last
op.
942.
p.
of
Federal
200
of
sale
total scrip certificates out
certificates
tained
charges
bonds
1,021,273
23,190,181
Operating rents
General
of
op.
.
the
of
required by
As
Mellon
1948.—V.
745
$743,978
258,970
proceeds
net
:
on the New York Stock Exchange th<
stock represented by the scrip certificates whic
the close of business on April 1, 1948.
Kaiser-Frazer
167, p. 1695.
14,
Total
1,
$744,723
$961,605
$960,642
of
oper.
after
pany
31
6,130,766
revenues
of
to
represented by
250
Indiana &
1946
$112,637,087 $99,763,724
55,967,786
53,710,355
j.
revenues
Miscellaneous
DEC.
1947
Years—
service
$249,791
1c
comper
common
Pittsburgh 30,
of
rate
1948—3 Mos.—1947
$249,541
V.t 167, p. 1923.
.(EDT), on June 2.-
Local
agent,
Co.—Earnings—
344
taxes
insurance
an
1,
York,
Holders
promptly
166,
50
The
,
$342,804
_
On May
$1,370,198
858,840
$999,636
720,052
oper.
barrels—V.
7,000,000
over
the
1948.
outstanding at
were
Retail
of
value common stock of this
tificates, the company has sold
resources
$342,460
lease
from
-V.
93,130
120,624
$17,374,660 $14,003,172 $50,969,136 $41,338,634
14,414.524
Proven
April 1,
on
full shares of
week
$51,089,760 $41,431,764
$14,037,131
wells.
rev._
lease
Operating
1948—3 Mos.—1947
1948—Month—1947
.-
wildcat
1943—Month—1947
prop.
Co.—Earnings—
$17,414,142
Operating revenues
Operating expenses
Operating taxes.
at
expenses
from
Rent
par
stock represented by the
common
standing
The
_
•
be
estimated
were
will
12
share of
rata
pro
shares of
prcdaction is
revenues-
oper.
Operating
Net
Uncollectible
and
revenues
prop.
Illinois Bell Telephone
his
scrip
Operating
Co., New York, N. Y., has been appointed trustee.paying agent and registrar for an additional $10,000,000 first mort¬
gage bonds, 3%
series due 1978.
See offering in V. 167, p. 2030.
revenues
the
Current
Period End. Mar. 31-
cumulative
Idaho Power Co.—Trustee and
OperPting
that listing of the ghares at
growing list oi stockholders. The
stated
of
proportions of
a
4%
of
its
May
days from
268.
The Bankers Trust
Period End. Mar. 31—
interest
Indiaha Associated Telephone
filed
17
May
on
100,000
30
that the scrip certificates
announces
the $1
1950, to receive upon surrender for cancellation of the scrip
of
of
as
registration statement with the
preferred stock ($100
par)
and 500,000 shares
($1C par)
common
slock.
Underwriter is
Tom G. Taylor & Co.. Mi'soula, Mont.
The stock will be offered at
$"00 per unit, consisting of two shares of preferred and 10 shares of
common stock. Proceeds
will be used to erect and operate a bleached
sulphate pulp mill with a 200-ton per day capacity.
company
covering
shares of
868,950
within
Mont.—
Poison,
Registers With SEC—
SEC
President,
Saunders,
was
State
ment
2104.
166, p.
Co.,
Paper
&
W.
of
Exclfange. It is anticipated
list
was
the
p.
Idaho-Montana
listing
Stock
the
approximately 95,000
barrels per month from 71 wells on 550 acres in Kern County. It is
planned to drill 23 wells this year of which 11 will be further develop¬
months ending June 30, 1948, payable June
16. Distributions of 50 cents each were
six
record
of
the
to
in
of the common stock of Sullivan Machinery C
ceased to be exchangeable at April 1, 1948 for full shares of commb J
stock of the Joy company. Thereafter the holder of any outstandl..
scrip certificate has only the right at any time on or before April I
recently split three for one.
This company, incorporated in 1939, is engaged in the exploration
and development of prospective and proven oil and gas bearing lands
'
common
for
Francisco
San
admitted
time
stock
Houston Oil Co.—To Pay
applied
the
on
stock- Will be
Lowell
this
1809.
p.
stock
the
Hawkins, Secretary,
issued in the exchange
1948.
17.
New York has been
appointed New
mortgage bonds, 3 % series due April 1,
of
Trust Co.
the first
for
has
company
common
W.
H.
fractional interests
Independent Exploration Co.—To List Stock—
166, p. 371.
Joy Manufacturing Co.—Scrip Certificate Redemptio
547.
p.
*
Holt & Co., Inc.—Sells Subsidiary—
(Henry)
Sec
1809.
167,
purpose.
Increased—
On May 12, the directors declared a cash dividend of 30 cents per
share, payable June 15 to stockholders of record May 31, 1948.
Dis¬
tributions of 25 cents bach were made on Jan. 2 and April 1, last,
and
each
in
quarter during 1947.—V.
167,
p.
652.
,
LIABILITIES—
stock >(par value,
Premium on capital stock
$100 per share)
1st mtge. 2%%
A, due Jan.. 15,
V
Common
194,997,600 194,997,600
When
the
19,576
19,576
1981
50,000,000
50,000,000
Advances, from,.American Tel. & Tel. Co.—_.l__
Advance billing fqr service and customers' dep.
62,700,000
1,500,000
3,354,605
2,586,482
Accounts:payable and other current liabilities—
22,940,322
17,810,777
further
7,456,658
ciency. :
bonds,
Accrued;
ijaxes:
Accrued
interest
+
ser.
deferred
funded debt
credits
Depreciation and amortization
36,833
529,744,555 453,333,382
—
NOTE—During
1947,
the
addition
to
this
modernize
increased
existing
capacity present appropriations will
plants and greatly increase their effi¬
:
borrowed
$31,200,000 from the
Telephone & Telegraph Co., at an annual interest rate of
2.75%, bringing total advances at the end of the year to $52,700,000.
These were temporary, borrowings
required for investment in land,
company
To Build New
677,769
169,340,610 161,891,967
15,185,573
16,355,715
reserves
Unappropriated surplus
Total
657,859
29,221
on
.
In
Kingston Products Corp. (& Subs.)—Earnings—
appropriations
sales
Cost
of
^
_
products
sold——
administrative
Selling,
deductions
Other
Federal
■
1943
$2',252,S33
1,812,961
Quarter Ended March 31—
Net
normal
1,954,217
128,393
expenses--'
general
'115,383
563
and
587
(est.)
122,875
102,250
(net)
income
1947
$2,352,420
tax
and
surtax
—
740,927j
^—
Unextinguished premium
Other
9,778,262)
■___w—•
special
aggregating $47,356,000 have been
actually expended and the work completed, the company will have
increased its capacity from 3,131,000 tons per year to approximately
3,600,000, or an increase of 469,000 tons.
'
.
John
H.
Shipping Container Plant—
President, on May 14, announced that the com¬
pany had acquired a site in Wooster, Ohio, for a new corrugated kraft
board
shipping container plant. Existing plants of the company's
Container Division are located at:
Chicago, 111.; Georgetown, S. C.;
Springhill, La.; Los Angeles. Calif.;_ Kansas City, Kans.; Somerville,
Mass.; St. Louis, Mo.; and Whippanyy N. J.-r-V. 166, p* 2661. ,^}
Hinman,
American
,
International
Telephone
&
Telegraph
System Called "Intelex." Announced—
:
Cp^p.—New
.
revolutionary new .automatic reservations system that can handle
requests for4space in seconds, with absolute precision and at less cost
:
A.
.
Net
profit
Number
Earned
of
$201,051
1,050.000
$0.19
shares
$166,974
1,050 000
—
common
per
$0.16
share
CONSOLIDATED
BALANCE SHEET, MARCH 31
accounts receivables (net), $708,459; in¬
other, assets, $9,040; property, plant and equip(net)y $1,039,433; ; gopdty'iU'! (excess- of 09% of investment in sub¬
sidiary over Underlying net assets acquired), $66$,444; patents—at cost,
ASSETS—Cash, $1,076,500;
ventories, $2,,453,390;
ment
less
amortization, $84 227; deferred
LIABILITIES—^-Current maturities
charg/s^'$R1,425;.'total, $6,110*918.
on; (ppg$er.m
notes .payablesIto
acq^e^iiflpienses,. $5151360; Fed¬
banks, $200,000; accoiints payable and
eral
taxes
on
income
of
the
current
and
prior
years
(est.),
$632,981;
payable to banks, $300,000; common
Capital surplus, $1,420,245; earned surplus;
notes
•"
^"V
(
May 0' tilleetdra declared an Initial quarteHy divided of 25
per share on the 5%
convertible second preferred stock,; $20
par value, payable June
l to holders of record May (20/ii948. & See
V. 167, p. 2134.
- - -•
On
Kinney Co., Inc*—April Sales Off li.5%^ >
Period End. Apr. 30—
1948—Month—19if , 1948—4 Mas,—1947
Retail Sales
$2,426,000. $2,742,000. >$8,77i>l000 $8,357,0d0
<M. H.) Lamston, Inc., New
,
;*|V. 167, p. 1695.
INCOME ACCOUNT
'
FOR CALENDAR YEARS
Sales
'
.
.
1947
history
270,585,779 251,463,113
—
merchandise sold and operating, gen¬
eral and admin, exps., less inc. from rentalsof
Cast
than
other
Taxes,
taxes
Balance
received-
Interest
—:
513,912
—•
Total
987
3,951
85,602
'
—
50,518
surtaxes
taxes and
income—
Net
Earnings
stock
common share
per
authorized.
was
12,424,980
12,934,090
195,020
882,910
common
.
have been running
beginning of the new fiscal year sales
of 14% in excess of last year.
the
the
at
rate
23.438
ACCOUNT
INCOME
FOR
1948
1947
.
$3,199,043
2,584,098
15,565
21,961,620
13,724,793
$3.98
SHEET,
1946
$
banks, in transit and on hand
♦U. S. A. and Canadian Govt, securities, at dost
37,225,944
34,722,700
28,020,294
(less reserve)
•j.Merchandise and malls, on hand and in transit
tf. Si A. Govt, securities deposited in escrow,
Misc.
in
$169,416
30,134
55,604
income
$239,962
refund of excess profits tax
Postwar
subsidiary)
Unamortized
784,075
37,070,225
93,035
73,035
123,051
127,680
529,671
$123,300
.
BALANCE
31
JAN.
SHEET,
3,179,40.9
70,034,901
transit,
in
51,559
cost
tStore
61,245
taxes,
8,846;293
8,462,222
12,673,119
361,436
13,064,768
207,028
919,486
940,500
payable —*
year)
for
one
A.
and
and excess
income
18,197
$648,722
of 27,955
4,166,763
4,227,121
2,927,821
382,724
55,178,720
87,348,611
Net
stock of no par value
Common stock (par value $1)
Capital surplus!
J9r716,147
surplus
Earned
J-
182,544,413 171,937,018
—J
—
-
tax notes of $7,150,000 at Dec. 31, 1947, and
$5,100,000 at Dec. 31, 1946.
tAfter reserves for depreciation of $32,671,814 in 1947 and $31,719,421 in 1946.
JAt lower of cost or market.
U.
"Including
167,
—V.
A.
S.
1695.
p.
Lane Bryant, Inc.
(S. H.) Kress & Co.—April
—V.
1948—4 Mos.—1947
$46,643,064
1948—Month—1947
Period End. Apr. 30—
$11,484,257 $12,669,262 $44,608,060
Sales
167,
—V.
1695.
p.
sales
Net
Kroger Co. (& Subs.)-
Dec.
Fiscal Years Ended—
27,'47
Dec.
754,282,085
Cost of sales
Operating and general expenses
483,960,041
68,479,507
83,549,121
—
167,
p.
21,715,298
Income
Federal
before Federal
taxes
on
taxes on
Drl84,056
22,156,976
income
8,537,000
income
13,619,976
income
Net
P.:ov.
for earned vacation
Prov.
for employee
Accumulated
stockholders
Balance of
pay—prior years
stock
Theodore
21,137,280
8,271,500
on
a
June
Rathman,
S.
4,091,567
Accumulated
ginning
1
the year
surplus
Balance,
earnings
of year
.28,129,835
$5.23
share
(less
on
deposits,
demand
and
hand
revenues
$1,673,272
expenses
950,812
from ry. oper.
rev.-
Federal
Gross
$722,460
214,100
85,759
145,000
77,204
income
(net Dr)__
$422,601
$292,186
oper.
rents
Net
—V.
110,615
81,298/
17.397
7.820
LIABILITIES—Notes
'
'
$6,678,092;
total, $112,332,729.—V.
167, p.
Net
Net
'
Corp.
— -
Sells Bonds Privately—
privately to an institur
first mortgage sinking
3% % bonds, due 1968.—V. 168, p. 568.
fund
Lake St. John Power & Paper Co.,
All
of
the
outstanding
first
Ltd.—Calls Bonds
25-year
next, at
Bank of
Canada, at the holders' option.
*
mortgage
sinking
fund
5 Var/c
bonds, series A, have been called for redemption on July 1,
102 and.interest.
Payment will be made at The Imperial
Canada. In either Montreal
—V.
166,
p.
160.
or Toronto,
x'
'
.
transit),
and em-,
inComei
on
cumulative
$6,000,000;
capital surplus,
value
$1
per
share),
$1,140,241;
1924.
p.
-Earnings—Financing—
1947
1946
$325,652
$208,863
44,866
____
expenses
33.282
_______
1
75,894
4,642
income before
a
is
3,094
$209,534
taxes
$119,443
-81,018/
income
48,150
$128,516 /,
,
declared _/____
■
$71,293
35.400
•,.
stockholders; recently
District
..
v v.
.
'>
(,
values),
s
Paul
and
,
life
stock
;
-,
/
-
,
banks
$13,900;
U.
S.
accounts-receivable
(at
bonds
»
cost
or
$108,835;
(trade),
,
Payroll Deduc-
(after deducting Employees'
$67,535:
redemption
accounts
re¬
(after reserve for depreciation* of $146,338);*$294,824;
'
$5,275;
insurance,
deposit
manufacturing
(new
$760,184.
.
plant);1 $25,OOOt
■ / /y V
LIABILITIES—Accounts payable (trade), $40,177; dividends' payable;'
$35,400: unclaimed dividends, $133; Federal excise taxes pavable, $16{
accrued payrolls, $3,991; accrued payroll taxes, $3,389; provision for
Federal income taxes, $89,071; common'stock (par value $1 pef share);
capital surplus,
$760,184.—V. 167, p. 1472,
•;
earned
$15,137;
$354,000;
■
1
1
in
$ ).3r$).
equipment
total,
at
Leahy
,
$0.20
common
v
surplus,
Cost 'of
.
; '■
total,
; \
>
*"
Mar. 21,'48
j
Mar.-23,'47:..
$19,617,223 $16,443,726"
16,078,265> 13,020,489.
Ret sales, less discounts—x
,
$208,871;
,
Mead Corp.—Earnings—
'12 Weeks Ended—
previous opinion.
cumulative
in
unaniorti^cd dies and tools, $2,371; prepaid insurance, $4,317; preoaidt
<^:xesr$7,Q65ij ©thee prepaid expenses, $1,370; cash-surrender !vaiue^"hf «
.
•:
V
-
increase-
ceivable (employees), $1,470; accrued interest:redeiv3b;e, $5; inventories
(at-the lower of cost or market ), $227,717: land, building, machinery
$846,619
/■. '•:).!'■
of
tfon
(Del.)—Judge Remands •
" ' '
Judge
an
BALANCE SHEET DECEMBER." 31, 194T
—
,
ASSETS—^Cash
Wilmingtoni
order remanding to the SEC the liquidation
Court
-
••
$1,019,478
'
approved
<
,
'$1,50T,410' "$l>193.'40o
; 422,271
320.003
65,661
/ 26,778
; •-
,-
35,400'
-
$0.36
.The
saies___'___—_______
Judge ncahy held that the -class A commoq'
/Belling*-and" admin/ exps
that holders of these shares'should receive
'V/1
' ' '
'
an allocation of more than
I V4 '-hare:, of Louisville Gas and' Eiectri(S:!
-Operating- (profit-!
Co.
(Ky.i.
The SEC had set the allocation on the'premise that the:
Other
income
"Delaware corporation's class A stock was non-cumulative. ■
; •
It
is
now
up
to tlie SEC to act on Judge Leahy's opinion.—Vi '
/ Gross! income__
1
In
stock
59,231
$116,349
expenses
158$.
,'
-
and
i,07.T,8S4(
873,702
■.
/h.
•*.
—W-ii^2i46l,'i03./.;2;549,534.
'
40,526
55,049
$2,501,629
$2,604,584
445,627
) '' 86,085
-
_______
■
'
x67,
p.
1472,
Depreciation
LouisivUe Gas & Electric Co. <Ky.).~rWeekiy
LaCrosse Telephone
taxes
Treasury notes—Series Ct, $759,176;
stock
(par \alue $100
per
share),
profit on sales
Dividend
/
The corporation on April 30 sold
tioh at par and interest $340,000
Federal
Provisions for income taxes
•,
Del., on May 13 signed an
and dissolution plan of the company.
payable,
1923.
States
United
for Federal taxes
$10,857;
stock (par $100),
$V7t€00; 7% second pfd. stock (par $100), $37,700; common stock of
no
par
value (outstanding 1,836,589 shares), $33,671,735; unappro¬
priated surplus, $28,129,835;
appropriated surplus for contingencies,
■
Liquidation Plan to' SEC—
$7,000,000; accounts payable,
(banks),
payable
accrued expenses, $7,139,072; provision
(current and prior years), $10,88'3,174;
dividends
employees' benefit fund, $2,100,000; 6% first pfd.
for
in
officers'
salaries,
rents,
reserve
Other income
split-up the
■
Louisville Gas & Electric Co.
,
$16,629,664;
$203,068
$294,589
income
1
not consolidated (at cost), $1,518,137; stocks In other com¬
panies, $93,933; land, buildings, machinery and equipment (after allow¬
for depreciation and obsolescence of $24,295,521),
$18,618,382;
'
oper.
ry.
167, p. 1810.
:
ance
•
S.
(par
167,
Administrative
$2,619.075*v $2,045,963
768,500 "'' ' 547,000 ? 343,165
305,558;
$514,390
-
taxesl-
tax
Joint fac. rents (net Dri
company
total, $112,332,729.
U.
(including merchandise
taxes,
$3,365,863;
preferred
stock
Selling
1948—4 MO".—1947 >
$1,294,158 * $6,242;563y $5,1'59,010
779,768'
3,623,488 f '3,113,047 -
accrual's
income
ry.
Railway
receiv¬
$3,693,736;
84,380,629;
$1,413,669),
of
Calendar Years—
: 1948—Month—1947
oper,
Equip,
inventories of merchandise, at lower of cost or
market, $64,710,122;
store and general supplies, $2,429,649; prepaid
insurance, rent and taxes, $657,418; investment in subsidiary insurance
ables,
depreciation
payable
expenses,
etc.,
$3,000,OCO
042,734—V.
Corp.—New Assistant Treasurer—
a
director and member of. the executive
oper.
$5.10
$20,611,352;
for
^:?„?42„earn:d surn,»s since Jan. 1, 1936, $16,091,353; total $40,-
CONSOLIDATED BALANCE SHEET, DEC. 27, 1947
ASSETS—Cash
1947
31,
accounts
reserve
accrued
bonus,
convertible
24,038,268
*
"Reconstructed for comparative purposes.
(after
LIABILITIES—Accounts
Split Up Stock—
Railway
Net
19,269,787
occupancy
:
DECEMBER
AT
and
$4,973,059;
ployees'
4,768,481-
24,038,268
AS
$10 290.313; merchandise in transit (at cost,
receivable (less reserve), $189,815;
miscellaneous
•
Period End. Apr. 30—
-
Other
Earnings per common
retail
V
be¬
unappropriated—at
:
tlncluding
thereto,
expense.
SHEET
on
hand, in banks and in transit, $9,763,745; U. S.
obllgat'ons (at part, $5,239,500; Merchandise inventories
estate
common
8
Railway
Dividends declared during
$648,722
$4,656,667 $17,578,849 - $16,992,230
Arkansas Ry.—Earnings-
Louisiana &
4,597,299
990.253
$1.90
fixtures, equipment and utensils (after reserve for deof $2,741,836), $3,294,622; improvements to leased property
(after reserve for ainort zation,
$2,704,548), $4,134,232; prepaid rents,
insurance, taxes, store supplies, etc., $1,132,562; total, $40,042,734.
;
1948—4 Mos.—1947.
handled credit analysis.—V. 167, p.
1,500,000
9,365,780
applicable
expenses
administrative
of
Angeles where he
2,000,000
9,"610,97(>
5,519,409
net income
$2.00
preciat on
the Pacific Finance Corp., has been elected'Assistant*;
Treasurer of Lockheed Aircraft Corp., to fill the vacancy created by .
the death March 21 of Ronald P. King.
Mr. Rathman joined Lockr,
heed in 1940 following several years with the California Bank iif. Lo,s /
committee
12,865,780
100,000
2,500,000
for contingencies-
approp.
deducting
furniture
5,760
1947.—V. 167, p. 2134.
will vote on a proposal to
two-for-one basis.—V. 167, p. 434.
on
Lockheed Aircraft
1,409,000
retirement benefits
earns,
;
21,321,336
441,678
J
operations
994,857
$5.55
1588.
Lionel Corp.—Plans to
The
common
from
Profit
Non-operating income and expenses
205.147
2,280,456
$5.34
$204,892
—V.
$
573,760,884
649,017,666
Stiles
225,000
210,000
3,021,639
shr.
com.
Masco Screw Products €o.-
Sales
28,'46
$
$2,182,804
300,000
dividends
general
•real
Sales 4.7% Higher—
1948—Month—1947
1948—3 Mos.—1947
$9,130,923
$8,721,306 $26,870,451 $22,659,478
Period End.,Apr. 30—
-Annual Report—
$2,372,254
dividends
per
$1,617,316;
35,973
217,907
Stores Corp.—April
Lerner
1,207,500
$6,537,776
at stores and Warehouses,
the
$4,750,028
960,000
$6,302,811
profit
Government
1695.
p.
4,000,000
ASSETS—Cash
9,917
$755,018
——
1948—Month—1947
—
167,
4,792,500
4,950,000
&
BALANCE
—April Sales Rose 2%—
30—
Period End. Apr.
Sales Declined 9.4%—
taxes
63,000
or
1948 and 58 shares in
by 155 shares in
90,729
67,813
51,500
253,791
15,430
—
(Dr
cost
of
lower
at
712,484
651,150
reac¬
3,750,000
"After
and
market >as determined by
inventory method.
tAfter reserve for depreciation and amortization of
$167,929 in 1948 and $152,364 in 1947.
tAfter deducting ,$40,000 of
U. S. Treasury savings notes held for payment of taxes;'-H'Reoresented
"Valued
Total
.
-,f
Total
667,275
82,638
673.621
$8,986,017
debentures.
income
12,646
51.500
126,000
35,973
(issued, 515 shs.)
r__r
treasury stock
SCost of pfd.
J
$9,099,979
operations $10,726,432, $11,188,926
bonds
Common
51,804
78427,175
Dr716,147
—
/
shares in . treasury—
2,927,821
464,200
55,178,720
Earned surplus—
Cost
Deferred credit
$6 pfd.
*
108,332
22,364
8,917
salaries
Accrued
—-
and casualty losses, public
liability and compensation claims
Reserve for possible adjustments of mech. vals.
Reserve for postwar re-employment adjusts.—
Capital stock ($10 par value)fire
Reserves
CzllL.
266,667
______
surtax
$103,403
$135,112
51,659,
i85,264
payable—merchandise in transit-.—
other taxes
income and
Federal
"
>
lease
of
amort.
on
Earn ngs
payable—
Accounts
,
75,019"T-r* 56,522
real
of
for_ retirement
profits taxes
Excess
LIABILITIES—
Accounts
Dominion of Canada
profits taxes (est.)--—
Real estate mtges. payable within one year
Real estate mtges. payable (amt. payable after
S.
U.
for
ProV.
&
Preferred
Total
accts.
;
/
$71,324,436
|
62,369,535
48,178
11,626
charges
9,113,968
10,395,229
trade
payrolls, exps. and misc.
payable,
Accrued
/
1944
-■
$9,042,429 $8,954,901
- 57,550'
31,116
$10,320,706-$10,865,738
—
(net)_'„<
sale
on
Normal
8,058
$755,018
Deferred
1945
1946
quired
51.804
v
10,723
life insur.
of
Perm,
269,834
—
at
policies—
ancl office fixtures and equipment
surrender value
Cash
11,854
330,696
inventories
"Merchandise
Merchandise
4,585
-
sale
from
Interest
$240,737
LIABILITIES—
Accounts
N. Y.^
Texas.
-
.
330.707
Deprec.
1947
$284,584
hand
on
receivab.es
Miscellaneous
3,341,808
73,100,765
STATEMENT, YEARS ENDED'DEC. 31
estate
Prof,
1948"
banks and
in
from
Inc.. from
shares.
present outstanding
on
"Inc.
$0.96
$1;16
profit
M'sc.-income
.3,066
34,650
47,250 I
:
ASSETS—
Cash
182,544,413 171,937,018
-
-
—
dividend
Cash
"Based
exps., advance rentals,
and other exps
_
fixtures, etc
1
leasehold
Va.yand Palestine and Taylor,
76,250
"Earnings per common share
___
that
i
Gross
surplus
earned
to
preferred stock
on
common
stock
32,737,593
prepaid insur., supplies
Land, bldgs., furniture,
Total
carried
income
Net
Cash dividend on
(Canadian
!
year-end, the same number as a
the company has under con¬
1947
showed
.1947
$193,550
$148,647
2,514
taxes
taxes
415,442
(less reserve)
securities, at cost
Misc.
the
at
report
$91,225,698 $84,509,509'$71,282,195
tCost of good sold and
•
•••»:* L-t.-'
.
•
oper. expenses
80,904,992
73,643,771
62,239,765
Sales
.
91,315
before Federal
income
Federal
32,110,268
791,535
accts. receivable
The
Tenn.,-Front Royal,
Kingsport,
$
Cash
Operation
contemplated fnx; new stores—one each in Syracuse,
or
INCOME
$204,358':
i
income
Income
1947
independent appraisals, and
by
*
operations
from
Income
Other
31
DEC.
determined
was
25,365
"
CONSOLIDATED BALANCE
ASSETS—
in
struction
17,703
29,153
Deprec. and amort, of fixtures and equipt._.
(other than Federal income taxes) —
which
of
at
earlier.
year
Taxes
$3.77
value
leased
.Columbia
$2,797,582
2,949,967
goods sold and general expenses
of
Cost
I
against current labilities of $9,098,099, compared with current assets
of $24,004,068. and current liabilities of $6,810,585 at the 1946 year-end.
There were 199
stores located in 23
states and the District of
YEARS
CALENDAR
Deduct:
20,798,473
12,352,313
—
Cash dividends on
•
27.437
58,418
(Canadian subsidiary)__
profits taxes
Excess
•
52,306
124,449
on
Normal
shire on a comparable basis for the previous year.
At a special meeting of the stockholders,
March ,25,. 194$. each
Share of the ho par' value preferred • stock was changed into foiir
shares of $25 par value preferred; stock, the number of shares of
prelerred was increased to 20,000 and the issuance of 12,750 warrants
Since
disposal of fixed assets
Miscellaneous deductions
P/ov. for U. S. A. and Dominion of Canada inV
come taxes (est.):
which compares with $0.96
$1.16 per share,
to
equal
were
v
the properties for a term of 40 years, with options foy
expiration- bf the lease period; Of; the $330,000 profit oA
tale of the properties $208,000 is not subject to Federal income taxes
as 1t- represents
a recovery of an equal-amount charged to capital
surplus on the valuation of the properties in 1936.
m
^ 1 Ut
Dur'ng the year 1947 the corporation, under adverse conditions,
expended $2,300,000 on its long*range construction program which
-called for modernization and expansion Of its store facilities. At exist-"
ing price levels it appears that'the original budgeted construction
figure of $7,500,000 will not be adequate and that the final cost cf
the construction program will exceed $8,500,000.
,
(
The
DCc.
31 balance sheet showed
current assets of $27,100,690
per
35,881,801
closed banks—
income
Miscellaneous
23,433
33,651,858
Liquidating divs. received from
Loss
35,278',336
5,696,590
taxes
come
5,038,723
3,257,645
522,933
—
sales
has
renewal
Earnings after Federal In¬
pared with- $199,550 for the previous year..
3,307,047
—-——------
and amortization
for depreciation
Prov.
228,477,637 207,878,403
Dominion of
A." and
S.
U.
33,104,305
income
Canada
$•
$
194#—4 MoS.—1947 V".'//
$27,220,874 $25,120,474 ■*?[
number
199 stores, the same
1948 operated
in April,
1947.-
April,
:•<
A
< J"
; m'
,
Report—R. F. Coppedge, Chairman, on Feb. 16
said in part:
'!
Tne corporation has sold to the trustee of
the corporation's Em¬
ployees' Retirement Plan, five store properties for $905,000, the fair
9 said in part:
Net sales for the year ended Jan. 31, 1948, were the highest in the
of the company, amounting to $3,1j9,043, as compared with
$2,797,582 for the fiscal year ended Jan. 31, 1947.
.
On Nov. 12, 1347, there was a common stock split-up of two shires
for one.
Earnings before Federal income taxes-were $239,962, as com-,
1946
$
.
■
i
debts/per
Annual
April
Report—Mortimer Lahm, President, on
Annual
in
as
.
___—
The company
-v
.
-1 . ■
40
©f
1948—Month—1947 ;
$6,794,516 $7,160,774
Period End. Apr. 30—
Sales.
.
expansion.,
New. York; Proceeds will be used for business
Syle & Co.,
1947;-
CONSOLIDATED
...
are
—
in April,
as
$25
-•■
Corp,—April Sales Decreased 5,11
McCrory Stores
on
7,060 common
and
■
May'28* to holders of recora
stock,. payable
common
,/.i'28,'.-8.0^entS^Vv;l87,.:p. -2031.''.
7,080
covering
$25)
the
on.
■
Dividend^-
in
"
•
York—Files With SEC—
■
May 12.4* this; compares - with. 35r cents each paid on Feb. 27 last. ,
1947, the following payments were made: Feb. 28 ahd May 29, 20ycents
each; Aug, 29, 25 cents; Sept, 25, a year^end of 22 Va t^fits; and Nov.
•
May 17 filed a letter of notification with^lfter
shares of 6% cumulative, preferred stock; (par
stock purchase warrants;/The^ 'price 'will be I
per unit of one preferred share and one warrant/
Underwriters •v
Childs, Jeffries & Thorndike, Inc., Aetna . Securities Corp., and
The. company
EEC
Kresge Co.—April Sales Dropped 5.1%—
PeriodEnd! Apr. 30—
1948—Month-^1947 • 1948—4 Mos.—1947
Sales
$20,612,860 $21,720,499 $79,957,035 $74,198,200
The company In April,
1948 had in operation 697 stores, the same
(S. S.)
———
share
■
'
■
MftCottl Cor|M~DeclRres Larger
,
cents
(G. R.)
—
Co»—Initial Dividend—
Lake Superior District Power
stock (par $1), $1,050,000;
$1,992,333; total, $6,110,918.
r
■' :
''
■
i
—V.; 167,' P. 1257.
number
®onday> May 24," 1948
:!IItlE'(:COMMERGIAl/^MNANClAti3GHHONlC^.
(2258)
14 ;
•
Output
company for the week ended May 15, 1948,
kwh., as compare# With 33.583,000 kwh. for the
corresponding week last year, a decrease of 6.8%.—V. 167, p. 2134.
Interest and
Federal
exps.
522,384
!____
;____
long-term debtee
on
income
State
and
86,094
,
768,360
813,821
$1,124,789
2,543
$1,259,043
4,320
taxes__:_.
Electric Output of this
totaled
33,325,000
Lowell Liquidating
Corp.—Liquidating Dividend—
corporation formerly Merrimack Manufacturing'Co.; a cotton
voted a second dividend in liquidation of $23 per share, payable
This
mill,
May 27 to stockholders of
record May 24. In May; 1946, the company
paid its first liquidating dividend of $175 per
ment is likely, it was stated, but the amount
justments.
share. Further disburseWill depend on tak ad¬
^i ^5.
Earnings
Minority
1
Net
before minority
interests-
interest——.
earnings
Dividend on
preferred shares—,
—V. 166, p. 2105.
.
$1,127,332
$1,254,728
114,833
-
.
in 115,288
——
shares—.;
outstanding.——Lcommon share
ii
Net earnings for common
Common shares'
Earnings per
—
——,___
"^1,012,498 1 $1,139,440
.
.
.!
707,494
/ '
$1.43
707,424
$r.6i
Volurne. 16T
(J.
Number 4701
fHEr ^
Mays, Inc., Brooklyn,
W.)
N, Y.
"This
Registration
—
registration
necessary by our current growth
and.
projected program of the company," stated George Marks, Presi!'
Mr: Marks emphasized that this space will'be utilized in addition
alD present? facilities*. He* declined' to1 reVeal" the* purchahse price. *
The building has a total floor space of 200,000
square feet. It will'
derttt
19'47; covering
drawn May
3952)
filed
shares of common
165, p. 1317.
150,000
1948.—V.
5,
(No.
statement
with
stock
■
Feb.
SEC,
$1)
(par
>;
v
the
28,
with¬
was
be: used
\.'w\
,
warehouse
as* a
operation.—v. 167,
"
;
Melville Shoe Corp.—April Sales Increased 16.3%—
—4 Wks. End.
sales
$5,552,930
1948
.1947
.
,:'Net
•Net
income
from
$67,124
3,536
oper,
1946
$248,260
;
_
18,139
83,641
J59.143'
.
1.1945 •
$294,104
122,89a-
151,558!
loss
tNet
income
transactions
4,394
$7,930
2,475\
Net
'
income
-'After
$$41,009
$5,455
ProV. fori Fed'. ine, taxes-
$$24,996
depreciation but before
provis.on for Federal
income
provision
51', 361
$166,448
New England" Gas & Electric
$131,571
68*751
$80,210
,
.
8,676
$235,199
.
tie,013'
..
■■I
For* the
Gas
for
...
1948—3 Mos.—~19'47
$9,129,455
revenues
Uncollectible oper.
$3,375,702 $26,881,718
23,692
136,767
45.385
rev.^
$24,501,986
73,369
+
.
Period End. Mar. 31—
$9,084,070.
$8,352,010
Uncollectible
$26;.744i95T $24;428;617t
22,002,007
18,482,603
7,664,369
6,340,516
822,061
1,032.152
2,659.502
3.057.90ft
$597,640
$979,342
949,344
$2,083,442
$2,888,105
2,814,480
oper.
Net
income
oper.
Operating
after
charges
167, p. 1811.
—V.
508,843
1,835,290
taxes
Net
income!
charges.
The
SEC
Power
&
stock
for
has
permitted
Light
for
Corp.
the
i parenti
construction
and
additional
400,000
The"
$4,000,oor cash.
and
issue
to
company
sell
shares
from the sale
167, p. 1924.
money
improvements.—V.
of
The directors on
common"
will
be
used
This
SEC
are
May 18 filed
150,000 shares ($5
covering
Blyth
New
&
on
Co*.
York
Inc.,
and
Proceeds*
utility property.—V.
will
367,
registration
a
part
Merrill
be
in
statement
stock.
common
Lynch,
used
Pierce,
with
&
electric
The
first
has
business and
out
gas*
($50
bonds,
and
maturing in
$1,000,000
Insurance
be
1978,
and
to
shares
pay
of
stock
$1,500,000
to
$5,989,669
Life
Co.
revenues-
$5,964,476
expenses
Operating
taxes
•
Mutual
167,
and
notes
167,
Life
finance
to
J.
1,931;830
to. C.
•&*©.,
With
the
$401,819
$1,617,495
1,122,668
&
Young
income
Earned
—V.
wodld
in
-
its
Life
company
Insurance
"sanction
and.
the
•
The
ICC
trust
400,000 shares
market..
and
of
build
will
—V.
of
of C.
&
167, p.
2033.
income
S.
of
feet.
The
future
Patterson
ry.
only about 250,000
square
remaining 140,000 square feet will provide for the company's
needs,
tenants.—V.
.
Will take
and
in
167, p.
the
meantime
will
be
rented
to
—V.
&
<;.,The
.1948
to
167,
p.
119,152
(No:
7378)
common
filed
shares
with
(par
the
$1.25)
SEC,'Jan.
has
15,
been with-'
167,
Narragansett Electric Co.-—Invitation for Bids for Pur¬
The
$10;000,000 of Borfds—
has issued invitations for the purchase of
$10,000,000
bonds, series B, due 1978, to be dated May 1 1948
May 1,. 1978.
1
Bids will be received at the office of' the
president of. the company,
room
512, 49 Westminster St., Providence, R. I., up to noon
(EDT)
on
June l'.—V.
167, p. 1473.
first
and
company
be
due!
,
,i
ft
National Airlines, Inc.—Service
•
C'Tlie
corporation
that
step
Interstate
of
the
New
the
that
of
story
plant
industrial
on
Armour
Rd.
in
the
development*:Tt fs^vithin
main plant.
heart
a
short
of
the
North
distance of
•••
.
Kansas
the
■
hiheCity
company's
York,
lor
N.
the
Y., has been
$5,500,000 first
offering in V.
3,270,957
167, p. 2033.
r
$3,840,970 $10,226,706* $11,465,386
3,741,510
8,659,014
10,604,958
v'
'
1948—Month—1947
f
'
1948—4 Mos.—1947
$9,356,977 $34,086,432 $32,934,827
the
both
year-end
a
Act
share
per
of
1948
1947
1946
$177,737
$217,472
$219,867
38,394
29,811
7,405
8;948
CY609
34,150
15,131
2,667
5,200
8,000
7,400
$126,738
taxes,
eto._^
estd. Fed.
$171,323
$0.11
$0.14
:
income
(excl.
sales
branch
Central
the
in
effect
Interstate
permitting
line
12.3
The
stock
taxes
gain or loss
B
The
.
$160,520
•
$0.11
corporation
reports net assets as of March' 31, 1948,
share of class B common stock outstanding,
March
on
the
asked
Commerce
corporation has acquired 7,990 shares of
Dec. 31, 1947, J. F. Schoellkopf, Jr.,
the-annual meeting.
at
assessed
$17.07
was
31, 19471
value
the
of
The
*
stockholders
at
par
the
stock
common
authority
their
of
recommendation
$100
miles,
in
450,422
1,941,464
799,013
4,631,117
615,542
4,009,272
B
,
annua]
to
bonds
granted
four-for-one
a
meeting held
directors
rescind
in
1906,
split-up
of
on
the
convertible
and
such
1910,
stock.
and
and
common
share last year.—V.
per
May 13 approved
authority to issue
into
The
1919.
change
This
in
its
167, p. 2136.
Registered with
"
On
May
14
registration statement
a
1,000,661- shares
the
of
owner
General
2,878,004
class
and
originally
was
follows
Stanley "& Co.,
1,804,055
3,596,543
S
common
SEC—
1948—4 Mos.—1947
463,648
B
!
North American Aviation, Inc.- -Stock
abandonment
by
extending from
Tioga County, Pa.
class
common stock April
30, he said,
share, subject to order. This compared with $16.03 a
corresponding date last year.—V. 165,- p. 2802.
•
•
-
a
the
on
its
President, told stock¬
Norfolk & Western Ry.—Rescinds
$100 Par Stock Plan
the
railroad
of
1,033,824
872,244
in-
of
share—-,—
since
share
from
$7,511,024 $35j295,987- $30,286,407
333,500
2,221,000
1,587,500
496,000
of
disposal
or
class
per
holders
a
petitions
1948—Month—1947
accruals.
dividend
cents
record May 28,
paid in previous
$1 per share in December, 1947.
1925:
par value from $100 to $25
certificate
a
a
Corp.—Increases Div. to 75 Cents—
equivalent' to: £L6.73! per
compared with $16.74 pef class B« common'share
to
2033.
p.
Motors'
North
is
stock
Proceeds
was
filed
with
the
SEC
V!,
cover¬
(par $1).
Underwriter; Morgan
will go to General Motors Corp.,
Vf:1:;!'/
ftft.
shares.
has
insured
for $2,000,000.
total
holdings,
or
the
sale
of
the
stock
with
Lloyd's
The amount of the issue represents General
29.1%, of the outstanding capital stock of
American.
Public
the
capital
New York.
Motors
of London
oi
offering
seller
ihe
will
price,
be
filed
registrar for
underwriting
by
commissions,
amendment.
the capital
Bankers
and proceeds to
Co., New York,
Trust
stock.
prospectus says:
"General Motors Corp. has agreed to procure
expense a policy froixi Lloyd's of London insuring the company,
directors, its officers and General Motors Corp. in that order
against loss or liability not in excess of $2,000,000 in the aggregate,
Co.—Earnings—
1948
1947
$1,482,912
$1,570,104
857,962
916,284
449,291
442,051
$175,659
$211,769
70,000
—
interest,
its
its
3 Months Ended March 31—
Net
No.
70,000
etc
that might arise under the Securities Act
Exchange Act of 1934.—V. 167, p. 1367.
-—V.
'
shares
common
Earned
share
per
167,
$0.72
The
itself
York
New
Haven
Hartford
&
RR.—Court
Ap¬
Issues of 469,167 Shares of New Common Stock—
Federal
Judge Carroll C. Hinder has approved the position of the
reorganization committee of the New Haven to issue 469,167 shares
of new common stock of -the reorganized roau.
This is in settlement
of $46,916,727
unsecured
claims against the
road.
One
share
of
common- is
to
be issued for earn $100 of
claims.
Hincks also
approved the issuance of certificates of interest
in any further distribution
of common that may be made to these
claimants.
He has reserved $60(468,473 of common stock to be issued
to security holders of Boston Terminal Co. and Boston &
Providence
RR.
If
and. probably to
any
385:200
claims
'.The
and
common
after
the
new
.
-
26.
and
The
out
claims
additional
common'
May
remains
letter
will- receive
after
holders of the old
stock
secured
the
of
are
of
1940.
authorized
total
satisfied;
6s
holders
,.;i
of
of
$10"/,-
unaccrued
as
annual
report
for
certificates
of
will
common
interest
be
listed
will
on
be
the
a
issued
New
loss,
various
when-issued
1947,
branch
now
being
lines
which
accomplishments
and
income
bonds since
Sept.
18,
1947.
as
itself
holdings,
including
Co.
Plan
or
the
End
to
Securities
holding
"Plan
as
those
a
of
from
14
the
SEC
a
plan
to
Holding
eliminate
company.
III"
had
stated
that
North
American
holding company by selling its
Union Electric Co. of Missouri.
utility
North
had
previously been ordered by the Commission to get
rid of all. utility interests except Union Electric.
The company moved to transfer its holdings of West Kentucky Coal
Co.
to the
The
Union Electric
West
Kentucky
Union Electric,
President of
Carl
J.
North
of Mo.
Co.
transfer!
according to
an
would
be
a
announcement
capital
contribution
to
by Herbert C. Freeman,
American.
one
of the trustees of Central States Electric
A. Arthur, President of American Cities Power &
Blue Ridge Corp., stated May 13 that the trustees,
American Cities Power & Light Corp. and Blue Ridge Corp., as owners
of approximately 500,000 shares of the common stock of North Amer¬
ican Co., have jointly filed a petition with the SEC requesting that
Austrian,
Corp.,
and
Harry
Light
Corp.
and
the
Commission
Co.
up
a
take
new
prompt action to prevent North American from
holding comoany system to include Union Electric
Mo., and two subsidiaries of North American Light & Power
Kansas Power & Light Co. and Missouri Power & Light Co.
Co.,
The
on
beexx
operated
at
a
U.*„.
of
charges that the Commission's order approving North
I, which" provided for the acquisition of the stocks
companies by North American; .was based:
commitments and representations made by North American in its
petition
Plan
American's
distributed,
had
1933
of>,the Kansas and Missouri
during the reorganization. He also refers to
the debt reduction
accomplished during the proceedings by payments
in cash, as well as to the retirement-of $6,367,000 of new fixed interest
as
eliminate
May
utility
known
American
setting
on
York
highlights the
road's progress for the year in
interesting, informative fashion, emphasizing.' of course the road's return- to private ownership.
In his letter to owners-and- employees, Howard* Sf
Palmer, president,
points-to-the reduction in capital structure and writing off of property
in
public
a
plan,
common.
Progress; During 1947 Highlighted—
The
withdrew
company
The
proves
Co.—Drops
of
Company Status—
$1.24
1696.
p.
American-
North
income
of
investment
a
$3,680,225
income
action
$8,373,881
income
Revenues
•
'
rev.-
income
HOTfi—The
inter¬
looking
Commerce
York
Expenses
May 15' restored service at every city in its
system and is now flying 98V
of the available
seat
miles it was
operating prior to the ALPA pilot strike Feb. 3, it is
reported.—V 167
p; 2033.
i
2601.
Purchasing Class B; Common Stock—
the
-
oh
National- BelIas»(He8Sf Tne.^Expansion—
^The corporationronrMay; t20 ai^ouncea^the
dcquisitibri'of
preferred
room
Co.—Earnings—
expenses
from
voting, rights.
hearings
preliminary
Stock) Exchange, replacing the shares now traded on
basis, but the certificates of incex-est will not be listed.
Restored—
at
The
mortgage
to
See
vestments)-
at
Judge
chase of
New
registrar
$8,898,067
for
would
654.
Co.,
and
1978;
income
Earned
withdraw
Chicago & St. Louis RR.—Earnings—
taxes.'...
oper.
New
registration statement
and covering
drawn.—V.
up
(EDT), June 1,-
on
May 18'declared a dividend of 75
capital, stock,, payable June 15 to holders of
Dividends of 56 cehts pex* share have been
"Net
•
Ohio."
approximately
New York Dock
1590.
•
'
Trust
agent
charges!
1696.
167, p.
Prov.
commercial
Nalley's Inc., Tacoma, Wash.—Registration Statement
"Withdrawn—
cumulative
company,
Prioi* year adjustments
stock,
laws.
incomei
Taxes,
explained, it
above
were
p.
Interest,
•
Mr.
of
the
directors
General
applications,
a"
stock
therefore
...
tax
ry.
Net
Net
be
outset.
73.4'%
supplies
1948—Month—1947
1948—3 Mos.—1947
$33,487,354 $29,751,107 $97,479,741 $87,626 587
103,443
59,886
320,694
176,051
revenues!—
.
income
Other
The company's new building, Mr. Patterson said, will contain
ap¬
proximately 390,000 square feet of office space. It is planned eyentu-sally that the: company will occupy the entire structure. But at the
&
series due
—
Gross
O.
board
Central
during
said
violations"
Antrim,
U.
a
sale.
were
and
Niagara Share Corp.—Quarterly Report-
Chesapeake.
May 6 issued
of a portion of
New York
Mr.
for
shares
by
the
ing
To Build
plans and specifications have not yet been decided upon,
Patterson said, and it is not expected that the new building will
ready for occupancy before the end of 1949, at the earliest. The
company's present home office at 34 Nassau St., New York, N. Y.,
fuel
to noon,
up
Quarter Ended March 31—
stock.
its full
exercise
as-
decision
on
Gross
—
wage rates
interesting to
'
and
intex-locking directorates sought by
substantially lessen competition between
to
anti-trust
company
Wellsboro to
Detailed
be offered
Young
the
said
ICC
$1.68
Co. of New York
it is
permit
541,900
$2.71
strike,
open
and Chesapeake
Commission
the
22-story building for its new home office
on
the east side of Broadway between 55th and 56th
Sts., New York,
N. Y., Alexander E.
Patterson, President, reported on May 17. The
announcement followed approval of the plan
by the New York State
Insurance Department.
will
to
Chesapeake
R.
respectively,
could-not vote the
release
with
be
Act
New Home Office—
The
acquired
and
Period End. April 30—
Mutual
of Robert'
President,
proposed
was
the
Central
1259.
p.
and
the1 Commission
together
York
The
$959,585
546,050
share..*
per
and
the
Central
effect-of
applicants,
585,500
$1,531,683
shares
common
167,
RR.
to
trust,
New
32,420
942,400
tax
35,000
167, p. 1590.
1948:
control' the
the
$1,577,505
40,638
income
income
of
refused
14
Abandonment Authorized—
charges
Provision for Federal
rail
1947
received
paying
Newmont Mining
Board
33,272
Other
Net
an
provisions for bringing about railroad unifications.
grant inter-locking directors would give C. & O. "the
power
policies" of New York Central RR.
Noting-also that the anti-trust laws forbid acquisitions of stock by
one
corporation in another where' the effect may be to lessen com¬
petition substantially, the ICC said:
$1,544,233,
$2,514,721
income
approxi¬
2136.
of
be
Period End. Apr! 30—
—V.
specific
said
624,877
46,500
will
trustee,
quarters- and
May
on
Young-Bowman
directorate
rejected their plea to be permitted
also
Commission
It
5,420,724
$2,468,221i
of
,
of
to
$7,589,835
,
167, p.
purchase
$100)
oper.
The
Bowman
New York Central
interest, in the
told
directorate
"The
882,801
expenses
Ohio
denial
Commission
The
1947
8,157,215
administrative
loss
out
(J*. Jiy NewBerry Co.—April Sales
Dropped 4.9%—
•
of
"reflects
in
paid
'
1812;
p.
and
applications
Chairman
&
for
No.
low
$160,226,492
in
1946,
notwithstanding higher
snow removal costs
totalling ovey
for the year
by $4,500,000 under
materials,
1940.—V.
Chemical- Bank
167,
—V.
Commission
the
that company
unification
731,286
1948
RR.—Young
denied
6%
a
the
-
locking
$1,097,840
267,716
income
Total
five-state area."—V. 167,
the Central stock from the
1,492,813
$11,508,236
Operating
Other
all-time
net
took
in
etc.,
^-
for' thb;
(par
after
paid
declaration
current
its
Period End. Mar. 31—
regulations, C, & O. was required to place this
voting trust, so that while financial benefits were available
in
.
■
41,879
$683,881
and
the
Haven
than
Recently threatened
Broadway; NeW York, N. Y.,
four
dividend
prices and
New York Telephone
Commission
stock
>
$14,735,412;
492,161
:
selling
that
Central
Chesapeake
Under
509,451
sales
oi
Hids*
stock
earnings made possible in part by expanding
adjustments in rates for1 telephone service through¬
some
Bowman,
representing
ph 2135.
1948—3 Mos.—1947
sales
Shipping,
preceding
the
the
except
years,
the
of
than
New
New York State Electric & Gas
Corp.—Invitation for
Bids for Purchase of Preferred'
Stock—
1948.
10,
in
,
above
—V.
management'
Telegraph Co.—Earns;,
3 Months Ended March 31—
Cost
86.4'%
Sales
Commission
after
V Mullins Manufacturing Corp.—Earnings—
Net
each
basis,
June
for permission to accept seats on-the New York Central
of directors without giving up their present positions.
The
NYC
board
scats
were
offered
by
the Central
1696.
p.
50
record
Ry;,
Proceeds
721,907
after charges
—V.
past
in
of
the
rfote'that the New HaVen Railroad's
the 1940 level; and1 prices of!
Ry.
The
Robert
pro¬
Mutual.
Ohio
&
$5,072,466 $17,217,132 $14,693,5334,178,436
13,667,807
12,102 880
4,558,688
income
oper.
the
paid
annual
an
announces
York
contains
;i Net
Net
that
on
Interstate' Commerce
,Mx\
Operating
Opeiatmg
$3,017,159'
1,797,893
Aplieations Turned Down—
Co:
It
$5,086,425 $17,295,064
13,959
77,932'
25,193
3%-%
Insurance
Hancock
short-term
program.—V.
rev..
oper.
John
&
$3,500,000
•-
.
light* of the
Net
stockholders
interlocking directorates for the
preferred1$2,500,000 of the
Insurance
1948—Month^l947
revenues.—
Uncollectible
Mutual
Life
to
Mountain States Telephone
Period End. Mar. 31—
Operating
to
cumulative
sell
Massachusetts
in
proposed construction
u
5%
to
Hancock
Mutual
shares
5,000
of
proposes
John
to
issue
to
company
20,000
company
Massachusetts
to
Co.
used
of
part
Co.—Securities Authorized
■■
In
on
the
sell -15,000' shales
poses^ to
will
and
The
part.
lower,
the company's
The
authorized
bonds
mortgage
stock
than
more
during
to
spent
Operating revenues— $33,383,911 $29,691,221 $97,159,047
$87,450,536
Operating expenses
24,774,161
20,924,304
72,498,509
61,243,165
Operating
taxes
4,929,525
4,925,947
14,433,833
14;741,985
dividend of $1.25'
quarter
$13,000,000
upward turn in current
Beane,
Privately—
FPC
June* 30
still
company
New
j
1946.-
Net'
second
a
fuel
$8,500,000 and reduced
Uncollectible oper.
48.
p.
Mountain States Power
Be Placed
cents
but
time
any
May 18 declared
payable
25
The
the1
and
fcerial and
The
Go.—Earnings—
$3,395,134
1,980,219
that
out
mortgage bonds, 3%
$4.25 paid in 1947.
Underwriters,
Fenner
expanding
is
quarters,
at
company
share,
pel'
Montana-Dakota Utilities Co.—Registers With SEC—
The
<•
567,621
include
Trustee Appointed*—
Declares Dividend of $1.25—
Electric
to
$978,212
520,367
operation
rents,
1948—3 Mos.—1947
$985,528
oper.
Net- after
Mississippi Power & Light Co.—Additional Stock—
-
J
was
"
$12,950,947 $11,183,050 $38,319,887 $33,319(211
11,171,526
9,232,938
32,196,916
27,354,515
793,893
971,900
2,727,837
2,947,537
revenues..
expenses
Operating
road
of $1,400,000 through Dieselizatloxi
freight line alone. Additional steps takea
post-war
report points
Operating
Operating
Net
pfofltable
the
saving
1947, approximately $6,000,000 more
mately $2,000,000 less for expenses,
$12,978,959 $11,203,771 $38,393,386 $33,378,009
28,012
20,721
73,499
58,798*
rev._
annual
an
roadway property improvements plus the road's
independent action in
initiating increased passenger fares for the
industry.
-This
appointed
1948—Month—1947
revenuesi___
assure
61
,
Operating
<•. Operating
revenues...
Operating
expenses
Operating
taxes
Association—Output—
ended
"Tft
' V
^ * "4 ' -v.:, ft
New England Telephone & Telegraph
"
c
Operating
week
output for * the- May 14 week is reported; at
ft ft 'v.V
I
1948—Month—1947
"
161,669,000 cu. ft.
This is an increase of 3,321,000 cu.
ft., or 2.10% above production
ox
158,348,000
cu;
ft.
for
the
corresponding week a year ago.—
V: 167, p. 2136.
Michigan Bell Telephone Co.—Earnings-^—
Period End. Mar. 31—
*' VV-V C' ''..
V',?f
May 14j the Association -reports electric output
of 14,547,513 kwh. This is an increase of 979,209
kwh., or 7.22% aboveproduction of 13,568,304 kwh. for the corresponding week a year ago.
Federal taxes.
tBefoxe
IDeficit.—V. 167,. p. 1311!
....
taxes.
: r
—
gain on other profit
and
i*
1947: *
$126,089
1948
revenues
<"'r
'
result,
abie^to- effect*
of the
to
&Co:, Ihc., and incfuding'Mferrill LynchV Pierce, Fenner
& Beane* add* Glore; Forgan &
Co., announces the com¬
pletion after the close of the market' May It- of a second¬
ary offering of 30;000 shares* of common stock (par $25);. *
The stock was priced at $97.75 per share with a conces¬
sion of $1.50 per share to NASD members.
V". 167,
p. 1-925;
^
Merchants & Miners Transportation Co.—Earnings—
Quarter End. March 31—
Total
(f'H
Among the items highlighted is' the New Haven'it
post-war program
and expansion which featui'es
the purchase since 1945
$41,000,000' worth of new equipment1
including, significantly, a
$10,000,000 expenditure for Diesel
power.
As a
of improvement
Maybixxok-Worcester
■'
15
of
for National's mail order
,
,
$4,775,613 $21(832,178 $20,929,395r
'
1696.
p.
and operating plant
2i35...
p:
National Steel' Corp; — Secondary Offering—A group
headed by The First Boston Corp. and Harriman
Ripley.
J&ttt Lto May
May 1
1947)
1948
Retail
i-Vi 167,
made
was
the*
Statement Withdrawn—*
v
The
(2259)
acquisition
Plan
III
to
the
effect"
that
North
American
would
"within
a
ftftft'ft'
year"
dispose of all of its public utility holdings, including the Kansas an a
stocks.
The petition points to the recent announcement by "'ft""':
Missouri
Noi-th
American
that
it
proposed to withdraw Plan II and now in¬
as well as the Kansas and Missouri properties. ,V 45
announced, change in position, the petition requests
the
Commission
to' reconsider
and modify its approval
of Plan J,
so
as
to
prevent North American from "acquiring the, Kansas and
Missouri companies- for* retention in a lioldihgr cdmpaxiy
system;V.
167, p. 2034;
tended
In
view
to
keep Union
of
this
ft'
THE
(2260)
16
North Central Texas Oil Co., Inc.—New. Vice-Pres.—
18th and Locust
for
John P. Memple, who has been connected with the Sh'reveport, Pa.,
of the company since January, 1925, has been elected a VicePresident and a director.
James A.
Rush, connected with the New
,:
to
office
York
oifice
since
Treasurer.
F ebruary,
Harley
the company,
at
10:00
Sts„ opposite Rittenhouse Square, Philadelphia, Pa.,
a
better offer is hereafter received, according
made by the trustee with Henry Parker, of the
of
heard
before
the
said Court
May 28, 1948,
the Court may
the said Court for
on
at such subsequent date
where the undersigned will apply to
or
as
said
Electric) Output of this company for the week ended May 15, 1948,
totaled 57,528,000 kwh., as compared with 51,681,000 kwh. for the
sale, or, in tne event an agreement is hereafter
terms, then for approval of such sale to the
making such offer for said premises.
Offers to purchase said premises may be made to the trustee at
its office, Broad and Chestnut Sts., Philadelphia 2, Pa., or at the said
corresponding week last year, an increase of 11.3%.—V* 167, p. 2136.
hearing.
made
Northern States Power
Co* (Del.) —Weekly Output-^
K.
Northrop, President,
persons
Final
settlement shall be had within
90 days after approval
shall be such as will be insured by Land Title
by Commonwealth Title Co., of Philadelphia.
Duane, Morris & Hecksher, 1617 Land Titie Building, Philadelphia
10, Pa., is attorney for petitioner.—V. 163, p. 467.
said
of
Bank
Northrop Aircraft, Inc.—Merger Rumor Denied—
John
favorable
more
on
person or
May 12 stated that reports that
a
possible -merger between this corporation and Consolidated Vultee
Aircraft
Corp. might result from
the Air<>■ Force bomber program
"have no basis in fact and should be disregarded."—V. 167, p. 1812.
on
sale.>
&
The title
Trust
Co.
1948—Month—1947
$
'
V''
Opeiating
Uncollect.ble
oper.
Operating
21,954
rev.
revenues
Operating
taxes
6,238.957
797,751
2,618,809
$914,558
$2,184,952
—V.
857,520
1,906,553
(Including Wholly-Owned
1,987,275
Gross
Reserve
profit
for
income
earnings
hold
173,470
Shares
outstand ng
Earned
—V.
7,180
796,287
$0,003
j.
share
per
$0,322
*
14,595
75,063
revenues
$8,686,946
__
$7,811,178 $25,261,372 $22,986,899
expenses
6,606,968
5,262,514
18,757,414
taxes
1,109,466
1,247,651
3,426,651
3,623,517
Net
$970,512
1,006,587
$3,077,307
$1,301,013
1,302,837
167,
John
$83,504
$639,846
t$129,929
$3,727,313
3,107,020
10,068
26,000
$25,382
$47,436
164,888
164,888
$0.15
19,605
35,000
Cr30,000
$467,895
The
164,888
$2.83
Nil
$132,319
$131,499
.
$123,524;
loss
$34,962
sale
on
1948.—V. 167, p.
31,
of
mine
properties
in
be
in
due
will
and
15
be
taken out
be
In
addition
20
the
to
a
The
years.
in
bv
October from
and
year-;
due
will
carry
$15,000,000
The
years.
to sell
proposes
Insurance
167,
Annuity
Mutual
Life
Insurance
loans,
the
tic
3%
a
is
not
1260.
Sell
Cost
the
bonds
new
to
the following
insti¬
Association
of
America
$500,000
Insurance Co.,/
Net
Net
Los
FerJsteta.
have
been
Angeles
been
May
on
for
Los
the
of
June
1.
headquarters
who
will
to
1948.
in
200,000
General
Manager
Vice-President in
the
of
region,
charge of the New York zone
He
succeeds J. C. White, who has been promoted
charge of purchases, stores and insurance, with
Philadelphia, Pa. Mr. White succeeds C. D. Young,
46 years of service.
\ Guy
Attorney.—V. 167, p. 2136.
to General
W. Knight has been
explained
it
1948—Month—1947
Sales
$3,598,745
The
with
brewery will continue to operate as
its present
beer
construction
Pabst
p.
brand.
of
However,
additional
week
of
electric
ended
167,
of
output
May
15,
10,652.000 kwh.,
—V.
production of Pabst Blue
Los
March,
this
1948
for
the
over
to 138.222.000 kwh., an increase
the corresponding week of last year.
2136.
p.
$1,207,816
2,456,243
112,930
1,542.395
976,125
580,644
1,006,852
49,284
57,372
operations
$1,592,624
$947,393
15131,218
$94,308
the
$1,592,624
$1,078,611
14,493
$94,308
$1,592,624
$1,064,118
333,866
$3.18
$77,495
326,93g
$0.24
taxes
quarter
requirement—
appllc. to
shares
Pabst
in
outstanding—
Ribbon
Angeles
there
at
to
later
a
the
direct
enable
date.—V.
for
output of the operating companies served by this company
week ended May 15, 1948, totaled 235,355,000 kwh., as com¬
with 217,217,000 kwh. for the corresponding week last year, an
the
pared
162,
of
increase
3196.
payment
has
iiletl
8.4% .—V.
167,
p.
2136.
California P. U.
1,'000,000 shares of first
authority
preferred stock, with an
proceeds will be used to
aggregate
par value
of $25,000,000.
finance in part the company's iarge
struction
has
years.—V.
v
!
which
program,
167,
and
issue
to
been
sell
under
CONSOLIDATED INCOME ACCOUNT (INCL. CANADIAN SUBSIDIARY)
the
with
application
an
way
for
two
and
9 Mos. End.
Net
con¬
1948—Month—1947
$28,004,964
revenues
oper.
Total
Cost
1948—3 Mos.—1947
revenues
Prcv.
135,192
376,719
45,422
Operating
827,876,136
__
expanses
taxes
'
J
22 967.524
2,507,918
167,
p.
1,225,039
7,583,756
$1,074,843
$7,284,977
$2,323,787
1.947,812
969,625
5,592,924
1,759,885
and
Prov.
$10,639,530
for
for
ore
Fed.,
distribution
Dividends
4,378
Cash
Stock Distribution—
on
*
Depreciation (estimated)
7,000
on
8,063
$14,835
$16,592
$0.01
$0.01
Earnings
per
share—
in
preferred
Accounts
Invest,
COMPARATIVE STATEMENT
OF
NET
WORKING
Tax
Patents,
Net
working capital
91,966
$1,362,259
.
The-
Girard
in
Trust
the
"ex" until lurther notice.—V. 167, p. 1849.
Important Oil Strike in Wyoming
Pure Oil Co.—Makes
May 17 announced that it has made an important
16,000-acre block which it has under lease in Wyoming.
company
strike
well
in
on
on
a
of
44
of
it
prayiog the said Court
of
trustee
may
to
for
Common
be
sell
the
Pleas
on
a
River Valley,
it
deepest producer in the world. Very high grade oil,
the
gravity,
"frontier"
1
for
has filed
the
County
quoted market value_
SUBSIDIARY)
31, '47 Mar. 31, '47
$1,401,038
40.156
1,873,973
39,579
.
2,215,710
of
Brit,
receivable
goodwill
affiliate
(at
cost)
1
machinery,, equipment,
and
269,573
89,127
$827,752
22,563
1,663,410
163,878
1,700,145
:
305.166
91,210
development
charges to operations
6,730,807
5,231,398
1
etc.—
1
90,764
90,460
—
'
14,309
of
the
41-hour
below
feet
120-foot-thiek
a
surface.
the
formation
While
deeper
the
of
tests
the
said
flow
period, the Wind River well flowed 1,413 barrels
choke, officials said.
was
begun last Aug. 16. It is in the center
block over which
this company has sole
lease
test
three-quarter-inch
a
Wind
well
River
16,000-acre
rights.
field
two
drilled,
been
also has other acreage under lease in the vicinity. The
company's second major discovery in Wyoming within
It
the
is
It recently proved up the Worland pool in Washakie County,
years.
the
company
is said to have over 25,000 acres under lease.
producers have been completed there to date.—V. 167, p. 1592.
RCA Communciations, Inc.—Earnings—
1948—3 Mos.—1947
1948—Month—1847
Period End. Mar. 31—
oper.
revenues—
oper.
expenses—
Net
oper.
revenues
$1,037,072
1,013,673
$1,001,000
916,513
$3,220,774
3,019,476
$2,916,972
2,764,370
$23,399
1,350
$84,487
Dr 17,203
$201,298
$152,602
$24,749
$67,284
$195,133
8,356
489
15,878
Dr4,309
$33,105
$07,773
$211,011
$102,472
Other communicat'n inc.
Operating income
Ordinary income, non¬
ordin.
Gross
Deductions
income
57,972
32,563
$55,321
$153,039
296
64.775
$69,879
2,736
(Cr)_
38,202
(chgs.)
14,862
11,000
36,497
33,436
$37,361
$44,617
$181,317
$39,179
23,599
14,200
88,699
23,600
$13,762
$30,417
$92,618
$15,579
income
from
inc.
net
income
to
transfer.
earned
Net
—V.
12,452
$14,021
income-
Extraord. income
Net
$106,751
19,084
ordinary
Extraord.
Dr45,851
ordi¬
from
income
nary
Net
income—
surplus—
167,
1849.
p.
Radio
America—Offers New Car Radio for
of
Corp.
Export—
An
latest
automobile
to
Vice-President
The
radio
which
chassis
addition
of
the
RCA
six
with
can
export
and
shock-proof
miniature
set
has
two
tubes
and
be installed in any type of car is the
line of this corporation, Meade Brunet,
Managing Director of the RCA Inter¬
v
Division/announced on May 19.
new
units—a
small
7:;
receiver
with
chrome-plated
separate loudspeaker.
It is available either with a
medium wave circuit or in a model capable of receiving
medium and short-wave.
Production is being
handled by RCA Victor Co., Ltd.,
Canadian subsidiary of RCA.—
V. 167, p. 2035.
panel
and -a.
single-band
standard
broadcasting,
Radiomarine Corp. of
Americar—Earnings—
1948—Month—1947
Period End. Mar. 31—
=
1948—3 MOS.-+-1947
$115,453
100,791
$86,655
116,128
$334,867
293,260
$14,662
*$29,473
$41,607
—78,147
92,728
124,592
159,634
K.1 187,183
Gross ordinary income
from ordin. inc.
$107,390
$95,119
4,959
5,585
Net
$102,431
$89,534
Total
revenues
oper.
Total
oper.
expenses.
Net
oper.
revenues
and
$500,000
$253(443
^ 331,590
1,151,160
1,055,347
stock,
for
contingencies
skg. fund debentures, due Feb. 1,
Advance
meter
rentals
Capital
surplus
Earned
of
(net)
(par $50)
7~18~344
450,000
1366—
450,000
2,000.000
2,000,000
890,498
1,032,969
___—
2,286,800
1,850,042
97,339
1*834^054
2,309,225
surplus,
Total
* After
,
1947.
at
Dec. 31,
non¬
Deduct,
ordinary
Extraord.
inc.
income-
1L9
2
'"$96,201
'2
(chgs.)
50,229
Net
.
of $62,885' at Dec. 31, 1947 and $41,985 at March 31,
for depreciation and amortization of $5,408,026
$102,548
income
$89 534
$188,610
$96,201
41,000
34,660
75,000
39,480
$61,548
$54,874
$113,610
$56,721
Deduct, from net income
to
income
earned
transfer^
surplus—
^Deficit,—V, 167, p. 1926.
-
,
m via
reserves
1947 ancl $4,911,929 at March
$188,493
119
CCr)
Extraord. income
$201,241 ;T $109,036
12,7485,11,
12,835
.2,001.698
$12,750,733 $10,035,983
reserves
tAfter
income,
*1,000,000
1,144,214
:
accruals
Fed., State and foreign taxes on inc._
pfd.
Ordinary
communication
to banks
payable
$12,750,733 $10,095,983
-
24,2"'7
its
examined by all parties interested,
the '"property on ,the N. E,* corner of
from
obtained
was
sands
previous record for actual production is
to have been held by a well in Grady County, Okla., where the
was
obtained from approximately 14,000 feet.
have
compact
$1.10
calendar year basis.
CANADIAN
payab'e Jon. 2, 1948.—
2%%
$1,560,214
Asks Court
bondholders,
No.
41-hour drill stem test on its discovery
Natrona County. Wyo., company offi¬
a
Wind
the
called
cials
Net
Co.,
Court
where
at
conv. cum. pfd. stock
Common stock (par $2)
—
(INCL.
on
Approval of Sale—
petition
SHEET
Frov. for
97,993
share was paid on March 26, 1943,
Bldg. (Phila., Pa.)
525,439
65.098
hand
on
4Vz%
Penn Athletic Club
506,838
shr.)
Dividend
~rV. 167* p. 1459.
Philadelphia,
and
stock
Notes payable
119,746
Reserve
Dividend No. 32 for 10 cents
per
cents per
$1.02
BALANCE
LIABILITIES—
$1,462,221
,
(55
Total
$1,581,967
$1,270,293
.____
670,000
$1,015,216
stock
has been re-established
year
buildings,
Accounts
Supplies at mine
two
of
CAPITAL
$1,609,182
338,889
:
740,000
share
—
refunds
tLand,
Mar. 31, '48 Dec. 31, '47
Balance
inc.
receivable—trade
in
Deferred
Current; ■; assets
Cqrrent liabilities
on
Dec.
banks
Inventories
6,419
____
69,063
318,963
303,236
stock
common
on
per common
Other receivables
10,500
St$te and Federal income taxes
stock of this com¬
shares for one by the
common
par
July 15,
on
would not be quoted
Deduct,
$1,011,636
Marketable! securities,
$288,790
255,279
354,842
Net income before depletion—
262.231
dividends
ASSETS—
$284,412
$384,740
$4.09
16,813
1948 of one additional share of no par common
stock for each share held at the close of business on July 1,
1948,
the New York Curb Exchange announced on May
14 that this issue
national
3,716
Total income
Operating expenses
7,207,593
385,763
236.459
selling,
research
State and foreign taxes
CONSOLIDATED
$381,024
;
and
1947
1948
sales
development
salary
Dividends
Utah Consolidated Mines Co.—Earnings—
Income
546,923
for
expenses
income
Earnings
Quarters Ended March 31Other
and
7,755.857
45,419
sold
$9,928,829
3,481,681
2034.
Incpme from
$9,906,940
14,150
7,739
NOTE—Fiscal
Park
11,138
expense
Wage
Net
operating income
after charges
Net
$10,628,392
affiliate
and general administration
depreciation and amortization
for
Expenditures
$13,545,190 $80,860,770 $39,391,754
11.245,308
65.992,037
33,586,286
$2.4C0 694
Net
r—V.
income
British
product
of
servicing
$13,590,612 $81,237,489 $39,526,946
128,828
rev.
Operating
rental
income
Interest
& Operating
and
Mar. 31, '47
Interest income
Period End. Mar. 31—
Uncollectible
sales
Dividends from
one-half
Pacific Telephone & Telegraph Co.—Earnings—
Operating
12 Mos. End.
Dec. 31, '47
The
1697.
p.
87,390
timber jproperties received in
Canadian
on
Pitney-Bowes, Inc.—Financial Statement—
Pacific Gas & Electric Co.—To Issue Preferred—
company
Commission for
26,371
1947.
communication
The
389,034
share of com, stock—
from
Total
Electric
also proposes
program
Los
stock—
com.
Exchange Ruling
Seven
subsidiaries
its
1946
595.145
510,501
Having been informed that the no
pany
will be split up on the basis
1948—4 Mos.—1947
amounted
8.3%,
or
and
company
1947
24,567
$3,157,821
revenue
other expense
for
per
"■Derived
The
$3,683,788 $14,460,385 $14,608,568
1943
Pioneer Service & Engineering Co.—Weekly Output—
Angeles
separate unit making "Eastside,"
a
the
facilities
the
that
17,
708,564
612,058
dividend
through
in April, 1948, had 136 stores in operation, compared
corresponding month last year.—V. 167, p. 1697.
company
in the
134
The
Calif.
contemplated
is
March
$5,137,922
other
Total
Perlstein
made:
were
15,403
16,636
337,617
348,542
from
Net profit
In
Period End. April 30—
not disclosed.
Mr.
distributions
32,249
In disclosing the results
central
Peoples Drug Stores, Inc.—April Sales—
interest rate
expected to
announced that negotia¬
by this company of
The consideration was
12
extra
gain
income
Preferred
100,000
in
after
retire
promoted
purchase
Angeles,
dividend of 10 cents per share
extra
34,169
Federal
for
profit
The
advanced
Vice-President
Buy Another Brewery—
President,
completed
Brewing Co.,
an
—
capital
where
Harris
tions
to an opinion by
violative of anti-trust laws.
not
tons
200,000
Philadelphia Electric Co.—Weekly Output—
Pabst Brewing Co.—To
is
tons
of sales and
Common
2136.
p.
declared
following
and
Provision
will
and
the
for
,
Depreciation
Bonds
Co
heretofore
as
at
sinking
Pevler,
to
borrowed $15,000,000 last
Vk%, payable in three
fund payments.—V. 167,
banks
recuire
not
carry
amount
company
group of commercial
loans
will
latter
rate
it
production,
gallons
sales, gallons
sales
Net
2034.
p.
H.
has
until December of this year.
company
these
2interest
a
sales,
Alcohol
12
investors:
Life
H.
William E.
Levis, Chairman, has concluded arrangements to borrow
$25,000,000 from two financial institutions to provide
additional working capital and funds to complete its
construction program at an early date.
$10,000,000
the
production,
Alcohol
oil
total
facilities
It also is subject
days.
120
.
3 Mos. Ended March 31—
Pennsylvania RR.—Changes in Personnel—
Owens-Illinois Glass Co.—Arranges $25,000,000 Loan—
the
1678.
1947,
Net
$31,208
Fidelity Mutual Life Insurance Co
3,687,890
The company, it was announced May 17 by
Of
the
Sept. 15, 10 cents; and Dec. 15, 50 cents. This brought
payments last year to $1.85 per common share.—V. 167, p. 1697,
Pulp
Pulp
t$119,534
164,888
$0.29
.
136,951
+
deplet.
March
Hancock
1812.
p.
16,000
75,729
1,639
J Includes
Teachers
—V.
—V.
13,610
114,872
4,000
_
company
Aetna
operating income
after charges
5,000
15,437
$31,021
outstdg—
share
ended
tutional
15,636,069
Operating
use
cents;
Earnings
47,566
Operating
Net
4,000
_
After chgs. for
and
deprec.
The
Operating
will
it
the
total
t$211,658
Privately—
The SEC on May 14 granted the
company permission
to sell to institutional investors
$1,000,000 first mortgage
bonds, 3% series due 1978, at 99 V2 and interest.
Pro¬
ceeds would be used for construction and
improvements.
$7,825,773 $25,336,435 $23,024,365
24.026
$511,365
Pennsylvania Power Co.—To
1948—3 Mos.—1947
1948—Month—1947
$8,710,972
rev.
per
tLoss.
'
____
$63,067
27,163
income
months
Ohio Bell Telephone Co.—Earnings—
opcr.
that
WAA
Powdrell & Alexander, Inc.—10-Cent Extra Dividend
cos.
income
to
■:'Net
(Joseph.J.) O'Donohue IV, New York—Bonds Offered
& Co., Philadelphia, on May 10 offered $160,000 5.5% sinking fund bonds, series 1948-1973 at par.
Proceeds will be used for personal and business require¬
ments.—V.' 167, p. 2034.
revenues
t$146
_r
allied
income
Earnings
Period End. Mar. 31—
162, p.
In
under lease¬
Capital shares
—Bioren
Uncollectible
;":s
advised
Department of Justice that
25
1948—12 Mos.—1947
$6,698,200
6,919,858
Prov. for inc. taxes (est.)
166, p. 1996.
Operating
items.
ourchaser
The directors have
Subsidiaries)
$3,065,047
8,553,683
agreement
Gross
$2,773
796,287
_
profit
from
Charges
Net
other
The
regular quarterly dividend of 25 cents per share on the com¬
stock, both payable June 15 to holders of record June 1. No
extra was paid three months ago.
$9,953
$256,446
taxes
and
mon
$2,076,857
2,013,790
Sundry income
1947
1948
$429,916
plant are heavier and int
commercial purposes.
•
r
acres of land, a
as "the arsenal,"
production of steel castings and steel mill equipment.
Tne
saie
is subject to National Security Clause provisions that it
will be maintained in such a manner that it may be reconverted to its
<
-
2,199,950
taxes—
portion of the
generally used for
government
than types
property sold consists of approximately 6.5
foundry extension building, a machine shop known
$
$
\
the
in
The
Puget Sound Pulp & Timber Co.—Earnings—
Subs.)- -Earnings—
(&
______
$2,199,804
and
operated
Quarter Ended March 31—
Operating
exps.
Operating
Divs.
Pharmacal Co.
items
larger sizes
221,026,090 201,241,323
1948—3 Mos.—1947
earnings
Oper.
167, p. 1636.
Norwich
'
Period End. Mar. 31—
$2,173,569
530,567
Net
1 «■
J.
s.
facilities, intermingled with those owned by the purchaser, were
constructed during World War II for the production of
heavy cast
armor for tanks. Contracts were cancelled, however,
and the property
was
little used for its intended purpose. Equipment and machinery
the
Pennsylvania Coal & Coke Corp.—Earnings—
2,414,382
$620,736
Net, operating Income
after
charges
836,128
1697.
p.
corporation for
this
to
i;
The
and
$6,813,291 $22,500,506 $19,633,635
5,062,605
17,696,745
15,045,684
$7,657,444
__
expenses
Operating
167,
$
59.244.118
62.343.964
___.
—V.
$6,828,966 $22,565,922 $19,674,603
15,675
65,416
40,968
$7,679,298
revenues
Sales
1948—3 Mos.—1947
1948—.Month—1947
sold
been
%
;
Its plant in Glassport,,
$1,250,000, War Asets
Administration announced on May 13.
—V.
1948—4 Mos.—1947
,
have
Pa.,
designed purpose within
(J. C.) Penney Co.—April Sales Increased 5.23%—
Northwestern Bell Telephone Co.—Earnings—
Pittsburgh Steel Foundry Corp.-r-AcquisitionrGovernment-built Steel producing facilities at
or
Period End. Apr. 30—
Period End. Mar. 31—
Monday) May 24, 1948
sale
(DST),
a.m.
approval
& FINANCIAL CHRONICLE
unless
of
fix, when and
resignedas a director.—-V. 167, ,p. 49.
19
$1,250,000,
agreement
city of Philadelphia.The petition will be
1941,
has been elected
an
Assistant
of Alton, Va., one of the founders of
Hinton,
R.
on May
COMMERCIAL
$1, 1347.—V. 1G7, p. 1591.
(Continued
on page
53)
:
;
r;uf
Volume 167
Number 4701
THE
COMMERCIAL & FINANCIAL CHRONICLE
Stock Record
'
'
New York Stock
DJULY RANGE OF PRICES
"
gff
(2261)
17
Exchange
WEEKLY VOLUME OF TRADING
YEARLY RANGE OF SALE PHCES
FOR EVERY USTED ISSUE
*
•
Range for Previous
STOCKS
Tear 1947
Lowest:
Highest
$ per share
9 per share
66% May
90
Jun
57/e
Range since Jan. 1
Highest
9 per share
■64%
87% Jan
110
:
Dee
80
•
Mar 17
79% Jan
11
55% May 17
Acme
Oct
45% Feb
14% Feb
11
23% May 15
Jan
42
18%
38
55
Apr
6
40%
Oct
28% Feb
13
10%
Feb
7 Va Feb
100
10
•
25%
100
May
38%
Dec
112
Nov
46% Jan
101
Feb
Mar 11
27
37% Apr 30
10% May 21
22% Feb 20
Feb
ACF-Brill
9
-
6%
Feb
3% Apr
14
Dec
31%
Jan
14% Feb
26
Dec
102% Aug
5% Feb
2% May
25 % May
56
44*
75% Mar 19
2% Mar 15
Feb
a
Jan
76%
Dec
48%
37
Nov
27%
Feb
Feb
Nov
10%
Dec
164
104
12%
202 <
May
7
75
Nov
X171
22%
May 13
22%
*44%
10%
No par
27%
.100
10
Mining
Gold
*105
108
20%
20%
20
20%
-100
*78%
80%
78%
78%
*78%
1
Allen
3
198
Inc
4%
50'
*73%
32
4%
4%
4%
48%
4
4%
50%
50%
74%
74%
32%
21%
45%
'•43%
373/8
36 Va
10
10%
10% /10%
33%
26%
20%
20
80
*74
100
*93
100
*95
10
10
10
10
4
4
75
197
198
196%
197%
196%
20%
; 21%
7,200
74%
*74
33%
10
10
194
196
10%
196%
18% Mar 13
21% Jan
19
19%
19%
19%
19%
19%
193/4
28
Mar
8
34% May 20
*19%
Allied Mills Co Inc
No par
19%
33%
33%
33%.
34'A
33%
34%
33%
39% Mar
34%
25
Feb
11
34'A
343/4
37% May 15
Allied Stores Corp common—No par
4%
preferred
100
Allls-Chalmers Mfg common—No par
36%
37%
35%
36%
35%
36%
35%
35
35%
36%
Jan
90
Dec
105% July
42% Oct
"
30% May
91
Jun
99%
24% May
5% May
35
48
51
Mar 24
90
May 21
11
25
94% May 21
Feb
25% Mar
May 21
6% May 17
5
Mar 16
46
Mar 18
50
121
Jan
2
*
73
Mar
107
7
50%
Dec
36
6
68
Mar 22
18% Mar
9
27
May 15
58% Feb
9
70
May 19
Mar 11
Jan
9% Mar 17
Feb
103% Feb 26
3% Feb
11
Sep
167% Feb 21
175% Jan
37% Mar 16
91
%
Feb
110
Feb
Mar
18% Mar
104'A Jan
100% Jan
5
27
28
47% Oct
Aug
43
19
Sep
26%
Feb
16% May
18%
Dec
24
Feb
16
Feb
Mar
88
Jan
10
Dec
102
Dec
101%
Dec
48% July
118% Oct
25% May
46
3% May
13
16
Dec
2
Dec
24
51
40 %
40%
40%
40%
403/a
41%
34,600
X93 %
93%
93%
93%
93%
94%
I,700
29
29'A
29
29
29
293A
293,4
29%
29 3/4
31
*47%
20
Apr
23
Apr
40% May 17
11
5
Jan
Jan
2
2
17% May 18
16
Jan
22
19
2
Jan
5
Feb
Jan
Apr
100
120%
118%
117
50%
49%
50%
9%
9%
9%
117
10
26%
27
50
67%
67%
*67%
14%
14%
13%
43 %
43%
42%
preferred
100
*107%
preferred
5%
108
70
26
25%
70
70
70
14
14%
14%
43%
42%
43
108%
108
5"%
6%
88%
173%
172%
172%
47%
46%
97%
*94%
173
48
93
25%
25
26
*106
*106%
107%
106%
106%
No par (. ^48%
_10 £*/.; 193^
com
10
13
49'A
48 %
48%
19%
19
19
18
18
18
18%
91
90
91
*90%
*90
40
40%
86
Dec
7%
Dec
25%
15
4 'A May 15
101%
42%
Apr
3
6% Mar
Feb
July
65% Mar
4
13% May 18
4
77% Jan
Feb
Dec
37
6% May
49
9%
6
May
90
Apr
10%
49%
35%
37%
35%
6%
7%
6%
7%
No par
17%
17%
17
17%
17%
17%
*17%
13%
18"%
18
18%
13
18%
4 %
4
4 %
18% May
30%
7% Jan
Apr
10% Feb
8% May 21
-
92
16
11
13% Jan
5
Feb
Jan
15
13
95% Feb 27
25% May 17
105
Apr
29
f per share
18% Jun
80
Dee
7% Deo
9 per share
28%
101
16
9
5
92
6% Feb
11
Feb
147
July
Mar
24% Mar
125
9% Apr 16
34% May 15
9
Mar 23
Deo
14%
Feb
7
Feb
39 %
Feb
29
Feb
132
10
T % Dec
88
-
76%
16%
Feb
Dec
129%
Feb
81
Dec
117%
Feb
72% Feb 21
Feb
12% Feb
13
164 Va Apr
6
17
11% May
170
Deo
186
Oct
11
14
2
American Molasses Co
'
•
27
Mar
31
Mar 19
Jan
131
Apr 27
Feb
35 Va May 18
140
Jan
28% July
25% Feb 27
22% Mar 12
34% May 18
Jun
Apr
Jun
29%
18
24 % Jan
34
May
47%
Dec
116
May
146%
Feb
18%
20
Oct
May 10
34% Feb 13
116% Mar 15
Oct
18
149% Jun
62 \ Apr
174% Feb
Feb
54
135
163% July
Jan
132
82%
Dec
41% May
*116%
7%
60
Oct
Dee
147% Mar 17
Dec
120% Aug
8% Dec
26% Jan
90
May
68% Jun
103%
Feb
8% May
10%
62
35
NOT
101%
116 % Mar
.
14%
9%
7
Feb 11
36% Mar 17
95
Jan 21
76% Mar 16
6
800
13%
19.800
43%
42%
42%
42
42%
42%
1,400
1,100
25
19 Va
*90
*127
7%
16
25'A
17
14%
14%
14%
143/4
16
16%
16%
*16%
25%
page 28.
8
'
,;>
3
11
Mar 17
9 per share
19%
18%
19%
92
92
92
9
8 3/8 May 21
9
8%
34%
34%
130
33%
130
*130
734
7%
32%
7%
32
32%
9 per share
19%
19
8%
I per share
20%
20 Va
*91
95
•>
Shares
20%
18,700
95
10
9Va
9 Va
9%
2,200
34%
33%
34%
4,600
130%
8
*
130%
130 %
200
8%
8%
1,300
33%
33%
33%
1,300
50,000
34
130%
8
33
153/i
16VB
15%
16%
16
161/4
l6Va
163/4
16%
*170
*170
ft
preferred
*
Oil
28
Anderson-Prlohard
14
20
Andes
10%
10%
10%
llVa
11 Va
11%
11 Va
11%
23%
24%
23%
23%
23%
23%
24V4
24%
42
42
42
42
42%
42%
43'%
43%
320
63
61%
62%
61%
63
61Va
62%
613/4
62 34
63
641/4
19,700
157V2
159V2
156V2
35
35
*132
Corp
135
34%
>132
156
156
35%
157
34V2
135
*132
158
35
135
34%
*132
158
35
34
*131
159%
510
34%
158%
135
1,700
1,800
135
33%
331/8
341/2
33 '/a
34%
33V8
33%
333/a
33%
33%
34%
27
27
261/2
27
26%
26%
261/2
26%
26%
.26%
26%
27
19%
193/4
20
20 Va
20%
20%
201%
20%
20
20
20%
20%
2,500
79
39'/4
38%
39%
39
39%
39'/4
39
39%
40
41
5,000
1241/2
1231/2
123'/2
39%
*122Va
125 Va
*124
125 >/a
*125
•12?%
;-5
193/4
155%
_25
59%
20
123%
19%
19%
1553/s
1553/s
20
156
156%
59%
60
59%
1373/4
59%
138
137%
*
138
68
118%
8
533%
138
68%
68
*118%
118%
68%
67%
118%
118%
8
53
8 Va
55
1G0
*102
103 Va
103
103
103
109 %
73A
37
*35
73/4
20
19%
156%
60%
156%
141
141
59%
68
.
66%
118%
*118%
20
25%
106
13
8
16,100
55
32,600
103 %
102%
102 %
107%
108
67
G7
39%
38%
39 3/8
57%
29%
29%
*13
13%
37%
38%
37 Va
8 Va
37%.
*
102 %
108
8
*64%
39
37 Va
8%
67
39%
37%
37
36
36
35
35
*105
106
*105
106
56 3/4
56%
293%
13%
56 3/4
,.
103
103 Va
108
106
29
*12%
100
7'/a
67%
36%
9,200
543/8
38%
*105
900
67%
118%
8 Va
*64%
36%
66%
118%
67V4
119
54%
393/4
38
66 %
*118%
26,200
22,400
60%
141
7%
67%
106;;
57%
59%
140%
53 3/8
8%
*105
59%
140 V*
2,300
8Va
109%
8
59 %
200
19%
54%
53%
7%
35
57%
'29%
109
8
553/8
7%
37
35%
*57%
*102%
8%
157
157
1,100
157%
19 %
19%
10,600
1251/8
140%
67%
119
38%
37%
10
8
53%
156%
60%
142
*62%
39%
21%
.
193/4
156%
7%
67
*105%
13
1233/4
'
8%
543/4
100
1
20
154
30,100
33%
-100
Co
10%
35
135
No par
Mining
3,900
175
42
103/s
"
Copper
175
61%
Steel Foundries—No par
Stores
No par
StoTe Co_.—
No par
preferred
Anderson, Clayton
*170
243/i
341/2
"130
com
175
10%
25
100
*170
24%
100
common
175
42
common
preferred
*170
25
156%
Tobacco
175
76,100
43%
109
Sumatra
>170
2,600
16%
43%
preferred
Snuff
non-cum
American
10%
175
„
33
25
No par
$4
3
Sale* for
the Week
8
1321%
73/,
*32%
Friday
161/a
Amer Zinc Lead St Smelt
5
200
*32%
34»/4
*1281/2
7%
*91
9
x33%
133
19%
95
8%
.
105
May 21
9 per share
19%
*91
9
34'/2
Thursday
May 20
May 19
95
27,500
25 %
105
153/4
31% Apr
Apr
18%
*91
25%
25%
105
3,000
PRICES
Wednesday
$ per share
500
«
10%
American Woolen common
No par
7%
preferred
100
$4 conv prior preference—No par
103
May 21
1093A May 18
?
May 18
16 %
85
American Viscose Corp common—14
54
preferred
100
Am Water Works Co Inc
5
8
57 % May 17
SALE
Tuesday
May 17
'100
200
15
16%
95
Anaconda Wire ft Cable
No par
Anchor Hock Glass Corp com—12.50
18% Feb
HIGH
Monday
25'
25%
105
95
14%
17
10%
393/4 May 21
46 V« Mar
AND
243/4
*102
*85
14%
95
10
...
25%
103 %
95
7,200
85
30
Dec
24%
103%
**85
8%
10%
64
22
May
92
89
14%
15%
100
8
8
85%
American Tobacco
553/a May 18
38% Jan
*85
7%
19,300
95
American Tel * Tel Co
5
13
108
8
26%
10%
38%
4
8
II,300
26
85 Va
*62%
28% Mar 19
8 Va
7Vs
49
94%
50
98% Feb
26 %4
7%
43
7
*48%
10%
25
Jan
25%
89
108
42%
7
25%
25
16
24%
43
49
85 3/4
$5 prior conv preferred
Feb
6%
49
94
American
9
8% Apr
6%
49
14%
*103
130
*48
25%
7%
*15%
110
6%
50
24%
88
14%
14%
7%
*48
25
88
73/4
Anaconda Copper Mining
7%
■6%
50
24%
94
7%
May 19
see
24%
31%
67
Jan.
7%
6%
*48
9 per share
40% May 21
18
6%
50
10%
American Sugar Refg common—100
1%
preferred
100
6
1193/4 Jan
71 34
42%
16
68% July
For footnotes
Feb
683/4 May
-
52,900
42%
11
24%
i>
6
Mar
74
85
American
American
1573/3 May 21
68 Va Jan
*71
73%
4
71%
62% Jan
51
Apr
Dec
14
.
May 15
144
3%
61%
30% Feb
111% Mar
:
15
20
234
93%
64
May 21
Jan
3%
12%.
Apr
38% Dec
Not
.46%. Jan
Apr
41
129
3%
7,400
60%
Mar
42
Deo
'
Feb
69 %
May
30% May
26%
Oct
% Mar 29
46% Feb
Jan
80%
110 %
21
27
10,000
11
American
/
5
Jan
1,200
17 3/4
86%
1%
22
21
17%
173/a
943(,
American Safety Razor
26
23%
'
r
*17%
17%
10
64 V4 May 21
40
17%
17%
86
1593/4 May 21
37
17%
28,000,
-
71/8
93%
11
158
17%
49%
44
11
Mar 10
Dec
x6%
86
46% Feb
Dec
73/a
13
*103
Amer Ship Building Co
No par
Am Smelt * Refg common—No par
25% May
46%
7%
95
American Seating Co
32
41%
7%
10%
Apr
13 6%
72
39%
94
May 15
139
1,400
86
46
Dec
26.400
861/2
25
July
40%
104'A
951/2
14
9
70
401/4
103 %
103%
11
11
12-
6,900
103%
86 V2
16% Feb
70%
40V4 r 40%
600
21%
92
95%
38% Feb
172
21
*90%
No par
Oct
Deo
40%
104
140
5,000
19
62
34%
Feb
48% May
107%
SO
12 Vb
9%
Feb
142
107
62
8%
42%
12 Va Jan
1061/4
13
34 %
22'A
9
5,100
106%
8,300
62
par
16%
Mar
27.
12
par
8% Aug
10
26%
62
14%
100
16% May
Jun
34
26%
13%
*15%
15
16% May 21
Jan
1,000
253/b
31%
Hi/4
$6 preferred
86 V2 May 14
:1176
98%
preferred
No par
/Amer Rad St 8t San'y com—No par
7%
preferred
100
11'A May 15
p 95% May 14
-
98%
63%
7%
par
100
1
V .330
,/g;.
46%- 47% ;
98
12%
*93
American News Co„
No par
Amer Power St Light com—No par
33% May 21-
6% Feb 28
Feb
Jan
83/4 Jan
17
28% May
175%
471/4
98
x63%
Saturday
May 15
Amer Mach * Fdy Co com—No
3.90% cum preferred
Amer Machine * Metals
No
American Metals Co Ltd com_No
9%
preferred
May 17
174%
47 vn
13%
6%
Par
20% May 20
79% Feb
174%
1741/4
65%
LOW
9 per share
Sep
32% July
Dec
8%
9 per share
Jan
<
15%
*25% May
127
Lowest
6,000
13
*43
NEW YORK STOCK
EXCHANGE
Range since Jan. 1
Highest
Highest
41,500
88%
65%
STOCKS
Year 1947
Lowest
6%
87 3A
6
13%
24%
Range for Previous
500
5%
88%
66
*41%
American International Corp.No par
American Investment Co of 111
1
American Locomotive common
1
1% preferred-.
—100
May 21
16% May 21
18% Mar 17
Jan
5
109 % /
100
13
American Home Products—
1
American Ice common
No par
6%
non-cum preferred—_—100
5
Jan
53
4
66
No par
No par
American Hawaiian SS Co—
10
American Hide St Leather corn-—1
6% conv preferred
50
26% May 20
6% Feb 25
88
Oct
116
Dec
5% Feb 10
3%
73%
6,600
18%
18
4%
2,900
98%
63/4
X73%
*108
108%
5%
88
211/4
6%
75
108 Va
6
89'/a
92
6%
75
6,500
'20'A
40%
75%
42%
*90Va'
103%
75%
42
,
92
40%
,
3,100
42%
20%
*90%
104%
No par
13%
18%
40%
preferred
13'A
50
103%
$7 2nd preferred A
preferred
13%
19
40%
$6
69
50
35%
3%
26
69
18%
103%
4
26
70
49 V2
39%
1
26
19 %
32%
A
;
50 3A
103%
104
63%
42
107
34%
104
63V4
19%
19%
5,900
108,200
50%
92
503/b
10
*18%
19 Vb"
4,200
121
25%
*106'
51
'
*18%
2,700
6,500
50
47
25
107 %
700
13%
174
47
*97%
33%
$7
9
12
43'A May 17
May 6
20% Feb 11
Nov
13
89% Jan
48
Jan
14%
May
102
Jan
106% Mar
9% May
12
Jun
x34%
Mar
37% Jan 20
Oct
55
Jan
22% July
55
174
48%
97%
9%
109
5%
88 aA
174
46%
25%
4
109
6%
91
__
'
74%
108
5%
91'%
47
>,
64
25%
=;25%
100
63
70
90%
25
93/4
26%
*68
<,7
No par
49%
10
62 Va
173
-100
1191/2
51
64
42%
26 %
108
6
120
50
93A
62'/a
91%
90%
119
50%
9%
13-%
43
conv
119
*48
49%
10.
,90
6%';v 63/8
6 Vb
*47%,, 50
25^:,
63Va
26
117
50
6
50
03
14%
common
63
6%
*48
1183/4
9%
■89
29%
6 %
50
43
9%
29
6%
*47%
48%
63
conv
American Encaustic Tiling
American European Secur
7% May 20
14 % Mar 16
6
50
American Export Lines' Inc
40c
Amer & Foreign Power com—No par
49% May 21
106
6%
6%
*48
118%
American Crystal Sugar
4%% prior preferred
100
American Cyanamid Co com
10
3%% conv preferred series A_100
American Distilling Co
20
15
26
preferred
6%
50
62
cum
5% conv preferred
American Ghiole Co
American Colortype Co
21% May 21
91
6%
1
Amer Chain & Cable Inc
May 18
4
13
Feb
Feb
115%
Feb
94% Feb
17% July
20% July
6%
89%
41%
93%
1%
May 21
25
Jan
6%
Jun
8
21
107% May 13
5
33% Feb
88
89
40%
93%
Amer Cable St Radio Corp
1
American Can common
25
7% preferred
100
American Car St Fdry com—No par
48'A May 18
8
56
38%
88aA
40%
93%
4%
'
Feb
Jan
28
883A
39%
93%
American Bosch Corp
1
Amer Brake Shoe Co com—No par
92% May 14
54%
26,800 "
40%
preferred
American Bank Note
6% preferred
6% May 18
6
89
1,000
4,600
36%:'; 37
93%
3%£
May 19
76% Feb
88%
90
3,100
33%/
39%
conv
American Airlines common
43% May 15
109
Feb
115 %
"
9
Mar
196%
-
May 21
14"% May 14
x35% Mar 19
Nov
*87%
197%
*19%,i20%</
X32%.
.93%
cum
•
Jan
7%
May
20% May
105% July
51% Jan
99
Dec
May
Mar
50
Dec
36
Mar 22
110 %
Dec
94
10
17% Feb
3"% May
75 %
Jan
13
77%
May
166
52
7% Jan
31
May
107%
42
Apr
80
20% May
65% Dec
9
83% Feb 20
Dec
11%
Dec
Dec
50%
34% May
90
2,900
100
3%%
31
8
Feb
Apr
*87%
,
200
10%
Alpha Portland Cement
No par
Amalgamated Leather Co com—1
6%
convertible preferred——50
Amerada Petroleum Corp
No par
Amer Agricultural Chemical-No par
41% May 21
86
Jan
8%
Jan
81
33% Feb
Oct
13,700
100
100
10
195
195
600
v
34
*95
*95
*19
5,200
108
Oct
5
"
108
40
69,000
.
,75'/2
:
33%
4%
49%
108
30
'
48%
75
33 VB
"...
4
*
78%
78'A
4%
50 VB
*106
*95
198
20
39,300
Feb
-
15,600
4%
36%
Kid Co
9,700
107 %
22%
Allied
200
6,800
/
26%
26'A
*105
79%
4
49%
9%
20,000
373/8
4%
*78 %
4%
22%
45
4%
80'A
33
10%
27%
20%
*74
100
21%
1071%
*'•
20'/a
49
33%
10
26%
•105
4%
203/a
*78%
4%
50%
32%
27 Vb
107%
'
18
May
29% May
30
3,700
36%
*105
11,500
54
21%
•43%ti
.4
4
*95
No par
54
36%
4%
48%
74%
33%
10
6%
45 '/a
■
3,900
98
63/8
54
53%
*106
1
Allied Chemical & Dye_
27%
108
20%
100
6%
*
Shares
76%
753/8
*90
98
6 Va
21%
93A ' 10 Va
10%
26%
108
5
i
Jan
May 17
10%
3%
3%
•
54
36
27%
26%
*106
75%
•90
21%
3%
11
Industries
27%
110
75.
/
6%
for
the Week
S per share
*44'A
10%'
Juneau
76
96
„
x53 %
45
10%
11
5
76/
96
f, 6
Sale*
Friday
May 21
.$ per share
$ per share
55'A
10%
1
Apr 23
2
$ per share
37%
96
Mar
45
Thursday
May 20
'
11)
6%
21%
23%
PRICES
Wednesday
76
54%
55
SALE
May 18
100
6%
36%
2
May
75%
*96
6%
37%
$2.50 prior conv preferred-No par
Allegheny Ludlum Steel Corp_No par
$4.50 preferred
No par
Allegheny & West Ry 6% gtd_100
Mar
8% Feb
Nov
*43 %
Allegheny Corp common
5%% preferred A
May 21
108
May 21
90
20
34
No par
Aldens Inc common
4%fl
preferred
50% May 14
24% Feb 28
Apr
Jan
54%
75%
100
37
Alaska
4% May 15
10
70% Jan
108
90%
80
10
1
Steel Co
Air Reduction Inc
21% May 21
75
6%
Alabama St Vicksburg Ry
4% May 20
16 %
*95
—2.50
Admiral Corp
May 18
Dec
Motors Co—
HIGH
AND
Tuesday
$ per share
Addressograph-Multigraph Corp—10
27% May 15
108
'•
3%
75%
Abraham * Straus——-No par
May 14=
6% Jan
$ per share
No par
Adams Express
Adams-Millis Corp
Apr
13 Y» May
Oct
6
Abbott Laboratories com
2
6
60
May
30% May
Par
11
Monday
May 17
•
May 15
I per share
Feb
Feb
Saturday
EXCHANGE
4% Feb
July
10%
43%
LOW
STOCK
NEW TORE
Lowest
56%
*56%
28%
293/s
29 Va
30%
123/4
123/4
13
13
57
,
103
108%
109%
2.000
8 Va
8%
16,500
*64%
66%
100
39 %
40%
68,300
37 %
34%
*105
\
300
39%
4,430
35
2,400
106
56%
57%
29%
30%
•13
13%
1.400
34,600
;..j
300.
(2262)
18
THE
COMMERCIAL
NEW
Range for Prevlom
Year 1947
Lowest
3%
$ per share
a
14
«34 % Jan
25% Feb
11
Feb
90
Feb
17
113/s Mar 16
91% Feb
16
106
413/4 Feb
10
54
88
29
Feb
Jan
"sep
2
19
Jan
14
17%
10% May
13% Dec
Feb
20% Feb
5
17
Dec
132%
99
Dec
134
Feb
94
Mar 12
25
Dec
34
Sep
26
Jan
May
99
Jan
Dec
112
66
X98
100
Feb
84
Feb
10% May
18% Feb
40% May
59
96
...
23%
Jun
62
Jan
34%
113%
Dec
91
105
Apr
73
Dec
121
27%
22 J/4 Mar
5% May
13
3
106
11
33%
33%
32
32.
32
31%
32%
32%
32%
30%
31%
1,900
30%
: •/ 96/..
31 %
31
31%
31%
31%
31%
32 3/a
45,600
08%
96%
97%
97%
97
98
570
15
98,000
Feb
9
Feb
113
9
•20
Feb
11
55
Feb
13
104
Mar 30
13
Jan
Feb
>4% Feb
Feb
Jan
20
Line
May
111%
17%
18
18
18
1534
16
16
18%
I8V2
16%
18
*17%
16%
18%
18
18%
18 Vc
18%
18 %
18%
18%
100
RR
common..;
28%
103%
Feb
150
96
96%
95 %
96%
95%
95%
953/4
96%
96
690
24%
24%
96%
24%
24
%
24 Va
24%
24%
243/4
24%
25%
58%
58
10,300
59%
58%
57%
58
57
57
56
57 %
1,540
No par
:•
f per share
Jan
28
*20%
Feb
*13
35 %
Nov
Feb 11
22% Mar 16
18%
Dec
15
36
28% May
T)
St
Inc
Bath
Oil
25
Iron
Foods
cum
Feb
11
Mills,
Shoe
A
116
Jan
77% Mar 16
96
Jan
157
Jan
HVi Mar 2
20% Mar 4
51
Jan
Jan
38
24
43
42% Feb 11
63
88?
38% May
37% May
49%
88%
v
Dec
85
102
Dec
81
Jan
2
95
Feb
3% Mar 16
5
39%
Feb
33% Mar 18
13%
96
May
7
Sep
27% May 15
6%
Feb
3% May
32
vOCt
Feb
Dec
■
50
31% Feb
30%
Nov
63
Jan
25% Mar 16
28 s% Mar 10
90
Dec
Apr
93%, Feb
5
Feb
153% Mar 16
20% May 21
15%
Dec
28%
Feb
333/8 May 18
343/i May 18
37
Jan
25%
Jun
36%
Jan
27
32
Jan
95
Dec
106%
Apr
9Q%.Feb 13;
96
Apr 30
173/4 Feb
21% May 15
20% Deo
27% Feb
13% May
20% Nov
120
9
Jan
125
May
-
69
25% May
80 ' Dec
14% May
Feb
Feb
•8
65
37% Nov
Mar 30
x32%.Feb
13
Apr
Feb
Jan
15% Mar
38%
Feb
29% Feb
22%
Feb
163/4 Mar 16
_
83
.
80
Dec
Feb
81
80
May
84
Jun
95%
Mar.
Jan
16%
Oct
104%
ioo
6
May
72
Jun
11
Dec
24%
Dec
108%
3'
Deo
6
13% May
94 %
.19
22%
104
May
May '•
27%
24% Apr
61%
34%
Dec
*55
14
38% May 15
24% May 21
88
Jan
May 21
Jan
78
16.
Deo
38 4
18
132
Dec
Dec
9% May
Feb
483%
'
Feb
25%
Feb'
>15% Feb
For footnotes
see
18
10% Jan
89
f
Jan
6% Feb
11
243/4 Feb 11
13% Mar 29
108% Jan
It
38% Feb 11
14% Mar 16
10
page 28,
Mar
4
—1—1—
9
4% May 18
25% May 21
104
34 3/8
Feb
3
3
May 18
53% Feb
ft/
12
15
May 4
14% May 17
39
Jan
m Mar
6
96
27% Mar 17
:
13
17% May 18
52
Jan
34% Oct
17% Feb
Dec
Mar 17
98% Jan
23% Feb 11
Feb
110
Mar 12
2% Mar 17
Oct
8%
12% May
Mar 16
9% Mar 16
Oct
6
% May
21% May
13
Jan
Feb
4
88
79
Feb
3%
Feb
88
21% May 15
7% Mar 16
Jan
1% Dec
37% May 15
6
98
12% Feb
Jan
79
3
Mar 31
Dec
•
Mar
11% May 15
74% May 17
79% Feb 26
Apr 13
Feb
10
88
s
243/8 May 17
124
May 15
18
May 17
8 % May 21
31% May 7
15% May 21
118% May 20
44
54%
26
25%
41%
26
25%
25%
44
41%
41
41
Brown
May 14
,
20%
20%
20'/a
20%
43
42%
42%
87%
87%
87%
210
22%
21%
2174
1,500
88%
88%
*87%
88%
87%
87%
*87%
883/4
42%
87%
*21%
22%
22%
22%
22%
22%
22%
22%
*88
22%
89%
89%
88
88
13
*88
12%
13%
.
13%
13
%
*86
>■
89
13%
*86
133/8
13%
1374
34%
34%
13%
34%
13%
*34
33
33
33
33
36
36%
*36 Va
36%
36%
1
36%
36%
36%
2.400
187e
18%
19%
1938
20%
1934
20
20%
20%
16%
23%
36%
20 Va
36'%
18%
2074
8,500
17%
2,700
1
—
17%
—10
17%
23
100
17%
23%
23%
102
*100
11%
16%
237a
102
23%
*100
•
18/8
17%
18%
cora__No par
25
25%
24%
25%
1946.No par
*84
36%
233/4
*101
23%
2374
*102
10
353%
35%
36%
3574
36%
17%
18
17%
18%
17%
18
24%
18%
25%
25
25
25
253/s
25
25'A
11,600
3,900
*84%
85%
85%
*84%
85%
29 Ve
29
29%
2874
29%
35%
36 Vb
35%
36
35
3574
*85
86
28% .29%
35%
36%
*85
8574
29 %
5,100
35%
36%
8,100
37 Va
36%
36%
35%
-36%
135%
135%
135%
135%
135 Va
13574
135%
'
35%
3674
68,600
1,100
36%
3,7
36 Va
36%
36 3/4
36%
36 Va
3674
12%
4,600
12%
12%
11%
12%
11 %
11%
11%
11%
11%
11%
7,400
'
>
35%
36%
35%
136
37
Saturday
Monday
May 17
Tuesday
May 18
$ per share
$ per share
9 per share
'
36%
137
35%
19
19%
31%
31%
31%
30
31%
30
30%
17%
17
17%
V 17
48%
*43%
26%
27%
36%
36%
37%
83 %
84
84
47
48%
27%
27%
34%
83
83%
83%
50
48V2
49%
27%
27
27 %
27%
'
42
42%
60%
42%
61
*92
59%
96
*92
43
42%
60%
*93
5%
,
59%
96
5%
5%
5%
*38%
,
38%
38 %
38%
9%;
*50
9%
9%
55
11%
11%
*50
-
11%.
16%
*43%
*43%
34%
35%
17
48
48"
27%
*48%
26
10
*
i
-
,9%
•
*50
11%
60%
2,800
19%
24,800
30%
33%
33
343/a
14,100
16%
16%
*43%
26"%
46%
26%
26
37%
35
85
27%
42%
24,400
46
26%
45%
26%
1.600
,
26%
85
47
17 %
47%
26
37%
85
17
*43%
Shares
43
43%
59%
60%
*92
95%
5
10%
5%
9%
55
11%
43
5,200
61%
63
20,800
95
95
5%
38
9%
*
42%
62
5
27%
94%
38
9%
*50
390
480
26%
43 %
60%
*93
38%
:
26%
8,400
100
5%
5%
6,500
38%
38%
1,100
11,500
10
9%
10
55
*50
5,400
*49%
55
33
32%
33%
32%
33 3/s
32%
11%
33
32%
32%
32%
333/8
31
31
32%
33%'
34%
33%
34%
33%
33%
34
34%
34%
34%
6,100
34
34%
34%"
33%
34
33%
34
33%
34
4,500
99%
99%
34%
99'%
*98%
99%
*98%
*98
11%
99%
11%
11%
11%
10,900
13,700
*98
99%
*98
99%
20
20%
8,400
305/b
100
19%
19%
19%
19%
19%
19%
I93/8
30%
30%
*30
30%
*30%
3034
*30 %
30%
*30%
30 3/a
98
*95
98
*95
98
*95
98
*95
96
96
96
21
*20%
21%
21%
213/a
21%
*95
21%
23%
.
*123%
21%
24%
125
19%
21
23%
*123%
-
21v
21%
24%
223/4
125
*123
24%
125
11%
11%
31%
11%
11%
73%
73%
72 "2
74 3/8
73
113/4
23%
19
233/4
*123
*123
11%
74%
72
72
36%
37%
37%
37%
*36%
37%
36%
36%
87%
87
87%
*86
88
21%
20%
21%
20%
21%
20%
38%
38
38%
38
38%
37 V2
21 %
.
21%
21%
22%
23%
23
23%
86%
86
87
87%
*87
871%
88%
87%
89
91 %
95%
96
*86
8S%
*75
s
,
17
9%
*91
,
Bush Term Bldg 7ft preferred—100
Bros
common
.—15
9%
93
17
9%
91
14%
,
Butte
14%
14%
85%
*85%
4
25
.
17%
*75
85%
L
—100
80
4
25%
*102% 103
32
32%
;
383/4
*53
39
4
24%
102
32%
22%
*87
94
*77
80
17%
95
82
167/e
17%
9%
93 b
9%
92%
*90%
92%
14%
20%
21%
37%
37%
38%
95%
23%
23%
24%
87%
87%
88
96%
97%
98
*75
1,500
80
400
80
17
*75
17%
9
4%
v
,
33%
4
4
24
3734
23%
33%
38
54%
*53%
2%
2%
Calumet & Hecla Cons Copper
5
Campbell W 8s C Fdy
Nb par
Can Dry Ginger Ale com
1,66%
$4.25
conv
preferred
Nopar
7%
30%
7%
774
7 %
31%
30%
14%
15
1474
.
15%
*116%
*42%
46%
*42
20
*1874:
25
18%
19 Ya
54%
274
1774
.
120
44>
>:
V
87
y
4
25%
540
2,000
200
17%
9%
3,500
68,900
*85%
4
25%
t'
17%
•
14%
87
'
330
31,300
9%
88
a
4,100
,
5,900
'
-
•
90
6,300
260
4%
6,400
25%
9,800
*102%
30%
*19%
93/s
14 3
33%
.100
17%
*75
14%
102%
'
35%
88
88
4%
23%'
-No par
80
91
102%
72
(
35%
"
9%
*85%
..
72
*86
90
2%
115%
17
9%
35%
92 %
*90%
—1
115%
23%
14%
24%
;
21
37%
143/4
102%
34
20%
87%
23%
46,100
20%
14%
102%
23,100
11%
38
86%
4'
4%
11%
72
14%
24%
23%
125
*123%
87
86
102%
23%
10
1,600
71%
*86
85%
•
11%
19%
*30
35%
'
PR
14%
86
125
113/a
*85%
21V4
.
23%
23%
125
11%
19%
21%
33%
____—1
pfd__lG0
Butler
Ltd
35%
19%
32
preferred
..100
Burroughs Adding Machine_.No par
Ry' Co^
35%
19%
30%
Inc..——5
Zinc-Lead
9 per share
35%
37%
38
ll7/8
the Week
19%
47
.38%
55
11%
■
84%
1
5%
5
38%
55
43 V*
96
16%
48
26%
8ales for
-
9 per share
36
19%
'
No par
California Packing oommon.-Ne par
5ft preferred
:_50
35%
18%
27%
15
Copper & Zinc
5
Byers Co (A M) common—Nopar
7ft participating preferred
100
Bjrrca Jackson Co——N« par
35%
19%
26%
No par
—
36
18%
*43%
5
1
35%
18%
'
Friday
May 21
35%
36
17%
Nb par
....
May 20
31
1
Thursday
May 19
36
18%
'
——.—15
common
Wednesday
193/4
18 %;
•
•
29%
W
136
•
|
"
37%^/
.
j.
19,000
28 Va
135
'''
3,200
104
35%
t per share
—..No par
common.
Ry
17
.
36%
*84%
37
104
140
12%
—No par
—....
Breweries
23%
102
8,300
LOW AND HIGH SALE PRICES
A
preferred
16%
16%
23%
102
May 15
(The)—:
Terminal
.
36%
...Nqpar
Co
*16%
23%
102
367%
135
.
Brass.
Inc
17
35%
85%
36 3/8
com.No par
13%
*33
2078
28%
1
Corp
1
17%
STOCK
St
•,
30
36%
Inc—*2.50
class
Pacifio
89
34%
3%ft
Canadian
*86
36%
35%
17%'
Co
19% May 14
89
1,400
*34%
363/8
Brothers
Southern
9,800
203%
43
Burlington Mills Corp common...1
4ft preferred
...100
;3%ft conv 2nd preferred
100
Canada
7,700
19%
35%
Forge Co—
Niag El Corp 3-60ft
Canadian
14 Vb
42%
36''a
Buffalo
19% May 18
13%
43
Co common—.—ft
preferred
i
r—100
(The) Co common.—No par
•5 preferred
No par
Callahan
16,300
20%
7ft
4%ft
80
4274
1974
35%
(Del)
r
2,200
41%
,
V
6,300
26
42%''
42%
Budd
Bush
;
5774
2574
*40
20%
Co
Watch
56%
25%
42%
42%
Bucyrus-Erie
Bulova
57%
25%
20
33 %c
Brunswick-Balke-Collender
Bullard
55
*39%
1,600
42%
...No par
Co
55%
13%
100
Co
Shoe
78
2.50
$3.60 preferred
Buff
25%
*42
*76%
14
preferred ———.——100
Brooklyn Union Gas
No par
;
290
28 %
42%
3%ft
14
8
77
12% May
4
Feb 20
23%
May
14 * May
-
14
102 %
26
4-
26
16% Feb 11
122% Jan
6
Dec
14%
86%
*
Dec
Feb
,78
57
27%
42
Briggs & Stratton
No par
Bristol-Myers Co common——2.50
G
31
77 "
78
54%
14%
Airways Inc.......—2.50
Brewing Corp of America—
15
Bridgeport Brass Co.;
—No par
Briggs Manufacturing
No par
101% Apr-27
109%
■
11% May 15
28
77
*76%
42%
10
X273/4, Mar 17
27%
77
78
56%
13%
71
Apr 28
9% Mar 16
Feb
27%
27%
78
55
42
Braniff
Feb
2774 ; 27%
19,200
13,800
14%
18
18%
26 Va
43 %'
38% May 21
40%
25%
13%
preferred
100
Boston St Maine RR (assented)_100
Bower Roller Bearing CQ—
5
May
23% May
9% Dec
30
26%
57
gTOCKS
Borg-Warner
3%ft cum
25%
42
10 % May
7% Jan
Jan
May 21*
•
May 21
5/8 May 15
26%
16
43%
—
B
Co
25%
133/4
5
Borden
26%
80
•
43%
.
Bond Stores Inc
% May 19
25%
93,500
26%
1
Steel
Co
33,300
16%
-,..10
ser of
Aluminum
Ami
1674
15%
13%
—5
A Laughlin
Class
16
16
42%
5
Bon
16%
15%
13%
Bohn
19
Feb
35%
16%
16
44%
Boeing Airplane Co.—...—
12
Dec
16
16%
15 %
28
l
Bloomingdale
16%
16%
13%
Blagk A Decker Mfg Co.—j..No par
May 121
16
16%
26
''
43%
Co..
W)
16
1674
28
257a
15%
16
27%
44
16
700
15%
17-
16%
25%
67'a
445/8
7
16%-
16%
15%
:
'
44%
50
pfd $3.25
<E
67 a
43%
15 3/8
*41
Par
Bliss
7
44
20
Aviation
Blaw-Knox
....
19%
Co
preferred
Bethlehem
6%
44
•
■
56%
pfd—!-100
Corp..—
1
Beneficial Indus Loan
Cum
16
7%:
44%
.—100
Corp..
Howell Co common
Bliss
42
8,300
43%
RR
Bell
44 %
*79%
7 ft
preferred—100
Bigelow-Sanford Carpet new.No par
Birmingham Electric Co—No par
29% Apr 16
37% May 18
10
Mar 17
300
9%
25
pfd
Aircraft
343/a May 21
17% May 15
213/a Feb
10
20%
No par
Inc
4% ft
Packing
Belding-Heminway
r
67s
45%'
27%
(A S)
Bell
16%
.7%
44 %
'
16%
EXCHANGE
29
112
203/4
83/b
9
2—1
common
NEW YORK
323/4 Mar 15
Feb
*110%
20%
5
Co
conv
6%
*
•
16%
10
Corp
Bayuk Cigars Inc..—
Beatrice
15%
26%
—50
Works
St
59
May
common
Co—
Foods.
May 15
v
8/4
16
preferred
^—100
Corp (Delaware)—
50
Best
19% May 18
112
20%
8%
15%
5%
preferred
•7
45%
*16
13
common.!—100
9 per share
36
1
—.
Ohio
6%
*43%
non-cum preferred
...100
St Aroostook common—_50
Best
Dec
45%
>
11
*110%
20%
1,500
18
41% July
24% Oct
14% May
29% Nov
4 89
Fob
111
73/(,
8'/a
75,900
(The) common—3
preferred
—No par
oonv
Highest
J per share>
*20
'
7%
7..,
44%
Mfg Corp
y
Lowest
111
22
22
7%
600
Range since Jan. 1
Highest
117
*110%
• •
4
9,200
May 21
14
*15
16%
>
237/8
7%
450
16%
Range for Previous
Year 1947
*'15
111
*22
'
115
18%
Bendix Home Appliances
9
77/a
112
15%
Beck
37% May 15
23%
7%
110 %
112
16%
4%ft
Bendi*
14 3/4 Jan
*'19
*
112
18%
Aircraft
137% Jan
Jan
100
58 %
111
112
14%
4% ft
87% Mar lo
Jan
18%
*113%
39,200
14%
Beaunlt
37 % May 2 It
113
'
2,500
463/a
18%
Creek
29 V4 May
45%
24%
Ill
-
16
Beech-Nut
36 %
46
57%
•
16
Beech
Oct
44%
76
18
Beech
Jan
43%
*70
14
8
32%
72
x423/4
17%!
5
35%
38
44%
42%
14%
8
25% May 14
60
72
:
15%
213/4 Jail
Jan
4,600
38
59%
38
75%
14%
8
2
61%
37%
60%
39%
*72
•'
17%
36% May 15?
25% Nov
60
*59%
*38%
80
*14%
9
2-
9,000
14%
3%ft
May 19
2,100
18
18
Conv.
2
24% Jan
106
17%
15
16
102
106
17%
18
15% Apr
Feb
111%
105%
17%
14%
34% Apr
" Ja,n
Jan
39%
61%
19,300
18
Barber Oil
Mar 31'
2074 May 21
193/4 Mar 22
105%
17%
114
I6V2
4ft
43% May 15
24%
111%
105%
17%
.40 V:.-,'.-
40
44%
110%
105%
113%
15
16%
106% Aug
43%
1123/8
18
Feb
18% Oct
18% Jan
59 %
*71
44%
Bangor
7
37
'
:
76
44%
1.14%
310
14%
Barnsdall
Feb
■'.a
!
40%
7,000
15%
Barker Brothers
39% Ma?
61
40
190
31%
18%
May 17
44% Jan
5
Jab
x60%
'*71
101%
31%
112%
143%
Baltimore
May 14
2 2 74 May
i
76
107%
101
31%
18%
26
40
40%
107 %
101
24%
I
Co
445/s May
Jan
61%
>110%
Dec
12
61
39%
•71
i.100
prior pfd ($1.20)
$3.25
80% May 12
100
18%
109
o0%
,
5c
Avco
May 21
Jan
105%
109
30%
96%
31
90
'
17%
18%
15,700
101
101
'
105
18%
5
273% May 15
Jan
305
1097a
300
5,600.
100
Feb
Jan
113
18 %
1
,
30%
»
.390
19!
17
No par
series B_
Feb
23% Jan
114
104%
Locomotive Works.—
Nov
1123/8
>30%:
112
110%
96%
(B
59
109
*100%
30%
112% 115%
No par
Baldwin
62
,
101
30%
100
Babbitt
24%
.
109%
101
preferred
28% July
Jan
May
109
101
30
common
39%
19%
12% May
18% May
14 • May
109%
*100%
com__100
16%
25
*109
100
.*.10
*
25%
I per share.
1
common
112i%
Automatic Canteen Co of Amer—5
May 17
Feb
111%
112
17%
17
Jan
260
16
Autocar
10
69
3,300
98%
15£
16 3/a May 14
Feb
112%
53%
97%
*17%
16% May 15
20% Aug
112%
300
523/4
112%
Feb
108 %
112%
*
15%
Feb
110%
97%
17%
24%
54%
97%
112%
No par
55%
98
97%
No par
:
52%
97%
15%
Austin
19% Jan .8
•7% May 17
44% May 21
26
52%
*97%
52
97%
112%
preferred—.,*.—100
Nichols
52%
523/4 '
973/4
1,600
103%
*17%
Atlas Taek Corp—....
Conv
14%
97%
52%
97%
6
*103
15%
rL
conv
15
103%
54
18
Corp
4%
9,
143/,
<
*102%
53%
15%
preferred
Preferred $3.75
Atlas Powder
15%
10334
53 3/4
-10
Coast
14%
*103%
104
533/4
Refining common
25
conv preferred series A—100
Atlas
102
5%
17
16%
-
104 ■"•'
19 '? Jan
353/4 Jan 22
Lowest
104
9% May 21
16% May 21
13 •' May
3
15% Apr 23
Jan
7%
Dec
14%
*103
102
'97%'
14%
e
112
preferred
preferred!
non-cum
4%
6
24% Jan
2£
27%
Jan
114
25'
20% Feb
May 2Q
97
-53/4 Mar 12
29% Jan
Dec
15
Atlantic
25% May 21
64% Apr 16
'
Dec
13%
97
14
At} Q Jc W I SS Lines commen
4% May
133%
95%
141/4
t
5%
No par
conv
Atlantic
July
July
Jan
97%
£ -f
;6
*57ij
14 V8
No par
1
46 3/8 May 21
6
96%
No par
No par
5
21
6
5
78% Mar
Feb
S
100
47% Mar
102
Feb
16
.5%
33%
61% May 18
30
Feb
49
*5%
33
T F Ino
6%
Shares
5%
6
15%
Dec
A
18% May 15
Tbif "
the Week
32%
porp—
Goods
non-cum
Sales
<
9 per share
5%
eom
Topeka & Santa Fe
5ft
May 21
Friday
May 21
•
t per share
30%
22
17% Dec
36%
Atch
Thursday
May 20
$ per share
'•323/4
Jan
91
12%
2d
Wednesday
May 19
'
$ per share
9
Associates Investment Co
115 5/8 May 15
24
•68
Sep
18%
Dec
Mar
7ft
31 % May 21
1st
Tuesday
/May 18
-
5
—...No par
Constable
6%
May 10
102% Jan 12
11
July
26 %
67
111%
Feb
Aug
21s/s May
y
10
;
25% Jan
Feb
Dec
31% Apr
105
Nov:
•v;-
9 per share
f per share
/■'.* v >
No par
—
com
preferred
cum
Artlopm Corp.
Associated Dry
111
5
Feb
•45
Mar
40
16
14% Feb
Feb
,77'
Feb
$4
Arnold
May 14
May 21
17
183/4 May 17
12% Mar 16
Corp
$6 conv prior preferred
Armstrong Cork Co com
$3.75
preferred
9
May 17
1123/4 May 10
12% Mar 12
Feb
Jan
Steel
4% ft conv preferred
Armour as Co of Illinois
98% May 21
lid
May 17
.
W Products Co.
p
Armco
15 % May 19
Jan
55
Monday
LOW AND HIGH SALE PRICES
STOCK
Archer-Daniels-Midland
2
130% Jan
104% Mar
99
A
.
323/a May 21
101
'Jap .5
Jun
Saturday
•'./May'15 *
Monday, May: 24, 1948
RECORD
Par
Apr 29
28% Feb
Feb
15% Oct
91% Deo
"l4
6
Oct
109%
9%'May
103
Deo
STOCK
EXCHANGE
shar*
37%
May
38 %
per
39%
Apr
99
4% Mar
//
Highest
5 per share
6% .Feb
Jun
30
24% May
YORK
FINANCIAL CHRONICLE
STOCKS
NEW YORK
Lowest
Highest
9 per share
&
103
102
102%
90
33 s/8
34
34
34%
8,300
!
;•
Volume 167
Number 4701
THE
COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK RECORD
Range for Previous
x*r%: STOCKS I
Year 11)47
Lowest
33%
Range since Jan. 1
Highest
$ per share
Lowest
$ per share
Nov
t per share
38
Mar
11
Feb
13
48% Apr
21
55
Feb
-50
May
57%
Feb
Dec
15%
Nov
Jan
I
5% Jan
2
Jan
128,
100V2 Feb
18
'
HO
27
Dec
39%
Jan
27% Jan
2
Dec
50%
Feb
32% Mar
4
12'/a May
21'/a
35% May
45
6
Jan
29% May
132
Oct
,49% May
64
.17% May
6'A Mar
Jan
Feb
Dec
Dec
156
1
Feb
9
Feb
Feb
Feb
May 5
7 68 %
May 15
34
May 20
>03
May 21
138% jMay 18
13
97
10
Apr
123
Feb. 11
197/s May
32%
Feb
22% Feb
28
19%
Dec
21%
Feb
18% May
3
xl77/8
Dec
22%
Feb
17
.7% May
7% Dec
100%
14%
'• 18% Feb
28
Feb
102
Jan
2
107
Apr
79
Feb
4
82
Jan
7% Jan
6
16%
Qct
14%
Feb
Nov
11
15
8% Mar 19
35% Mar
22% Feb
10
30
Oct
27
Feb
Dec
110%
Jan
10% May
20%
Feb
30%, Oct
Dec
54%
81 Va
Dec
3%
Apr
Jan
4
Feb
12%
Jan
77/a Feb
6% May
4% May
8% May
12%
Dec
9% Feb
Feb
6
15%
Feb
12
4% May
2% Dec
10%. Jan
.
2
7% Jan
;
2
6%
Feb
May
14%
Feb
23% May
13% Nov
33% Nov
38%
Feb
30
27%
Feb
14% Mar
53%-Feb
35
Feb
11
20%
34%
28% Feb
11
6%
Jan
■51% May
r-
7% Mar 16
Dec
56
___
4% Mar.16
:
July
__
45% Jan
22
Dec
15%
Feb
11
Jan
5
15%
Jan
21
Feb
14% Feb
11
3% Apr
1
4%
—'
Nov
7% Mar
—
.
108
30 %
7%
K
30%
8V0
103%
108%
30%-
30%
40
39 %■
18%
8%
,8%
8%
47%
49%
.,48%
68
140
68%
32%
33%
*101
102
137
,
137
29%
30%
18%
17%,
17%
8%
.137
9'/a
V
29%
17
8%
106%
106
81
28
29
28
12'A
12 Va
12%
27 y4
*80'A
Feb
48%
Jan
;36V2 Jan
27% May
34•%
Nov
28% Mar
9
11%
Feb
7% Mar
8
May
78
Dec
94
34% Nov
95
Jan
80
34%
Nov
43%
107
Dec,
115%
27%
106
Jun
Jan
Jun
-34% Feb
105% Jan
6
26% May
107
Jan
72
Jan
57
Feb
24%
Feb'
May
23 % May
9
34
Dec
140
Dec
89
48% Mar
21
154
Dec
91%
Feb
137
Dec
Feb
12%
Lowest
18%
141
May
x61%
1140
191% Nov
Jun
33
87
Dec
23%
65 %
May
May
Dec
18
153
17
Jan
1155
56
Jan
9%
32%
10%
34
18%
19%
44
37%
46
11
88% Feb-
Feb
55%
21
18
20
2
65%
66%
xl2V2
12%
48%
18%
4y8
4%
60
*40
y2
41%
6i
61%
18
21
Jan
2
9
5
5
16
Jan
2
2
2
96
Apr 20
25% May 18
26% May 21
Aug
May
22%
Oct
16
18
Oct
12% Feb
20%
Feb
16
Feb
11
17 %
18% May 21
20% May 21
Feb
11
Feb
11
17% May 15
..8
May
9% May
8
May
.
Feb
11
11
17%
Feb
12% Feb 13
16%
Feb
17% May 15
11% Apr 13
Dec
32%
Jan
21% Nov
32%
Jan
22% Feb 20
22% Feb 11
16% May 14
32% May 15
31% May 12
21%
10
Apr
12%
11%
Dec
22%
63
Dec
86
Oct
IOV4 Feb 13
Feb
10
Mar
30% May
50
Dec
,
May
87
Dec
94
13
16
43% May 18
67
5
36% Jan 23
48
Feb
90
Jan
2
26% July
20
*Feb
13
Jan
2% Feb
10
123% Jan
99% May 7
2.7% May 21
3% May 15
96% Jan
2
115%
4
Dec
-
Apr
37% Apr
35% Feb
Feb
48% Oct
20% May
2% May
.35%
14
May 15
13%May2i
11
62% Apr 30
28% Feb 27
39% Aug
36
36
FeD
May 17
106
Apr 27
29% May 14
Nov
33%
Jan
7:1 8% May
25% Feb 14
14%
Jan
8% Feb 11
33% May
30
Apr
4% May
33'A Nov
28% Feb 10
35%
11% May 20
34% May 19
29
32
21
Nov
29% Feb
Nov
;108'A Mar
5
.
7
J-V
1; -> ••
May
:12% May
vV
ip% July
,
30.
Dec
99%
,
Dec
32 A May
94V4
Dec
; 11%
Dec
94 V
Dec
30%
Dec
95
Dec
9
May
4% Feb
21
L__
;
15% Feb
•
30
8% May
Apr
w
-May
Feb
20
94% Feb 10
10% Mar 17
84VaMar 23
'
30% Feb
93
13% Feb
16% Mar 20
-
10
Mar
Feb
35% Jan
16
Jan
12
42% Jan
5
105
99
,
May 10
14% May 15
90
Jan
14
-5
40
May 15
3
98
Jan
7
10
13% May 21
48% Mar 17
12% Feb
55% Dec
61% May 21
9% May 18
6
Feb 27
46% Feb 11
14 -Mbt 16
in,;
Feb 24
100% Apr 30
35% Feb 11
110% July
Dec
'2
Mar 3i
Feb
104% July
20% Feb
106% Apr
^see -page
2
Jan
Feb 11
32% Feb 27
48
59
Jan
27% May 20
15% May 12
14% May 15
12
114% Feb
For footnotes
11
51
Wl
17% M&r
38% Feb
^ £ct
Apr 30
B|%
>9% Feb
Feb
9:
6
I7y2 Apr 30
^08% Maris
,
Jan
44%
hi May 20
105% Apr
•
11% Mar 10
54% Jan
,
=
May 21
6 % May 21
24% May 17
5
May 19
103% Feb 10
®ec
4i9^y
IS* «PT
43
11
Mar
19/64
20% Feb
.40% May
17-
Mar 17
-!•'1
11% May
•10% Dec
,
Feb
__
104%
y-'i
Feb
-
63% May 21
19% Apr 16
19%:M%r ,9
30% May
53
Jan
*49% Mar 17
~:v
'v
23%
32
800
24
4,200
5,300
500
35,800
1,000
5,700
7,900
88,300
13,700
13,500
7,200
5,400
34,600
,16,200
38,100
38 y8
16% May
12
600
55%
37%
15
45% Jan
9
19% Mar 17
5,?00
7,500;
37,100
38
__
37% Feb
105% July
30
200
11.600
7-4
42%
63% Feb
__
*31
8,500
7,500
12%
TV's
Highest
183
61% Mar 25
May
:
17%
12%
S per share
Feb 11
-10,000
80
92'/2 May 20
$ per share
1,400
•
18%
17
Lowest
t per share
9%
9%
Range since lan. 1
Highest
J per share
18%
8%
26%
Range for Previous
Year 1947
19
17%
12%
9%
20
142% Jan
81% Mar 18
12 >/2
*26%
36% May 17
10
19
8
10%
21
35% Jan
10% Jan
30% Mar 16
600
,120
26,200
106%
27%
18% Mar 22
5
7% Mar
.
8%
10%
108% Feb 9
78y2May20
47% May 19
,42% Jan 14
14%. Mar 15
39% Mar
8ya
7%
26%
2'l
34% Apr
2
19 Va
17% V17%
10 Va
Jan 24
39% May 21
110% May 21
5
Jan
Dec
14%
Mar
101
Dec
42%
3,2:
109
Dec.
32
29%
85
6
Nov
71
138
31
28 Va
36% May 18
10
Feb
35% July
138
v
31
19
28
21
3
May
May
.45Va May
-32% May
29
138
29%
10 y4
27
27% Mar .18
jun
103%
138
4,100
53,000
82
84% Apr 20
20% May 21
May
102%
82
9%
6
85
34
102'/8
180
66 %
33 %
3%
6
23
140%
66 %
12%
10
20%
H0%
5,600
13%
9
12% May
900
18,700
33%
*105
6%
Jan
78
Feb
8
12%'
15% Jan
Mar
39%
49%
66%
82 y2
12%
101
26
39'A
106%
27% Apr 22
x94% Mar 11
20% Mar 13
700
48 Va
27%
60 y4
Feb
2,700
15,300
85
41%Mayl9
63% Jan
2
28
150
41
18
111
9%
85
11
Dec
17%
40%
9
Feb
96
190
10,800
29 V'2
52% Feb
4
4,600
.
13%
31
21% May
37% May,
19
29%
66%
23% Feb
2,300
53
8%
49
141
102%
.
*51 %
:
19%
33%
*
81
*10
138 %: /
30 V'2
r
18%
.66%
102 %
17%
.
*18%
7%
106 Va
140%
;
66%- ,68%
33
33 %
102
18%
141%
'A
*38%,. 39
8%
43 y2
Shares
46%
17%
39
18 Va
141
46%
30 V4
39
18%
39
8%
the Week
S per share
7%
39
38
18%
33
47%
Sales for
110
29'/a
33%
19
38%
141
7%
110
-52
30%
18%
13%
Sep
.
108%
,
17%
Friday
May 21
5'
May 8
56%
Jan
7%
38%
24
63 % May
29%
17%
5,1%
51
75,0
30%
.
47
17%
51
;
109 %
108
T.V47
47%
7%
23%
58% May 14
Nov.
>17
24
42% Mar
23
17%
UI'/2
51%
.
40
47
Thursday
May 20'
t per share
97%
Dec
Oct
7%
;.ri7
24
32
—
is
S per share
47
97%
20% May
45% May
40
May
56% May
39
May
6.7
May
xl2% May
19% May
4% Apr
18
10%
17%
May 19
18%
36% Mar 20
9
25% Feb
___
—
18
PRICES
.Wednesday
31%
Apr 15
49% Mar 20
—
46%
10% May 17
17% May 18
13% May 14
8% May 1.4
10% May 1'4
11
Jan '
46%
18%
90.
24
Jan
45%
31%
45 % Jan
11
8%
46%
18%
30
11
SALE
$ per share
32%
.14% Jan
37% May 6
82% Al^ 29
102% July
7% Feb
I per share
Jan .29
6% May 15
13% May 14
14% May 21
16
5% May
HIGH
32%
Apr 16
100% Jan
6
9% Mar 16
Jan
40%
AND
Tuesday
May 18
May 17
18%
\ 24
25% Mar 16
23
Feb
90
5
28% Apr
1
19% May;21
33
j^n ;14
24% Feb 28
17% Feb 18
'
May 21
10% Jan
19
13% Feb
Jan
Mar 31
May 19
32% May 21
Mar U
21%
11% May
20% May
19% May
7
9% May 20
8% Mar 3
7% May 21
12%
Dec
100%
Apr ,16
6% Feb
33% May 21
20% Jan
5
.
96%
Dec
4% May
11% Dec
22%
Jan
116
,77%
9%
Jan
10%
Dec
May 20
143
26
22
8
' 50% May 21
5
.53
;
108% Jan
130
19%May2l
Monday
*50
May 20
43% Jan
9
130
28%' Dec
x9.7
Mar 16
35% Mar
Dec
158%
17%
6
31 % Apr
3
.41% Jan 12
35y4Mar30
Feb
47
Dec
14
Oct
7%
Feb
LOW
Saturday
May 15
45%
8% Mar 22
38
STOCK
t per share
47% May 19
18
May 15
14%
5%
$ per share
Dec
Apr
YORK
EXCHANGE
47Va
11
102
NEW
Highest
"21
6
'
/sis:. VVVI I Vf |VV »
9,900
9,200
400
20,800
•
6,000
700
4,300
21,200
.3,980
57,600
-
20
(2264)
1
11
•
.,:
"■
THE COMMERCIAL & FINANCIAL, CHRONICLE
„
'
■
■
1
in
1
NEW
■
1
YORK
,
STOCK
,
—..
Range for Previous
t per share
12ft
Jun
44
I
Doe
Lowest
share
per
« per
13
:17ft Oct
18
Feb
12% May
91% Doo
Range since Jan. 1
•
Highest
;
thare
Feb
NEW YORK
Highest 1
-■
11
Feb
10 'A Feb
Jan
50
Feb
32%
Cornell Dubilier
Com
Coming
18%
Deo
Feb
18% Ftb
9
22 'A May 21
Deo
105%
Feb
92
Feb
9
94
Mar
105%
Jun
92
Jan
12
97
Mar
9
61%
••pr--;--.;:Jan:59
De« a 195 ; : Aug v 169
4% Dee
2% Deo
«%Jan
4% Jan
28% May
40%
"
4
Mar 16
13
38% May 15
Mar
95
Feb
11
98
Dec
16
Oct
Deo
30
Jan
41
Doo
52% Mar
42
25
Apr
34%
Oct
26% Mar 16
98
Deo
108%
Feb
91 Va Feb
107
34
10
21Va
Jan
155
101
Mar
# 19% Feb
Oct
27%
66
70
Jan
I6V2 May 21
Feb
5
13% May 21
87% May 6
17% May 18
24Va Jan 13
11% May 15
11
17
146
Mar 11
61
48
May
82%
/v..
25
17% Jan
14
26
May 15
23
31
2
15
21%
22
22
22V
93
*92
93
*92
93
*92
94
61%
*92
94
*92
94
61
63
64
"
63%
•
1741/2
63%
61%
63%
.174%
174'/2
175V2
■
4%4
5
4%
97
3%
37
98
*95%
5
*93
61%
175
5
62%
175
60%
17*%
5Va
31/4
3%
3%
38%
37%
38%
17^
4%
5ft
3
37%
3 Va
38
98
174%
175
4%
5%
3%
3
37%
38V4
*97
98
174 %
20
7,500
270
175
4%
*97'/a
310
65 '/a
5
3
37V4
9,300
10,300
9,100
3'/a
38
13,200
97%
1,400
10%
10%
11
11 'A
10%
11
8,700
24
23%
23%
23%
23%
2,500
25
25%
16,000
25
24
24%
25%
45
42%
43
34 Va
33%
341/4
32%
331/4
*100
100%
1001/4
100 «/4
101
*126%
129
126
128
45
*431/2
25%
*42%
43%
400
33%
33%
9,200
101
100%
100'A
125
126
750
540
100
71%
71%
71V4
71%
73%
74
74
74%
2,300
,
'
7%
non-cum
preferred
100
—
Cudahy Packing Co common.
10
4 ft ft
preferred—-——100
Cuneo Press Inc
—•
_B
Cunningham Drug Stores Die
Curtis
87
Pub
(The)
Co
2.50
com—No par
preferred
No par
Prior preferred
Curtiss-Wr.ight
No par
1
common
ClaBs A
1
Inc 7ft
Sons
pfd
100
No par
Corp common
1
100
2.50
5ft preferred
20
Davison Chemical Corp (The)—1
Dayton Pwr & Light common
1
—■
May 12
15% Jan
5
Dayton Rubber Co
60c
9% May
5
13% Jan
9
Decca Records Inc
fiOo
Preferred 3.75ft
Preferred 3.75 ft
series A—100
series B__
41% Apr 29
Deep Rock Oil Corp
46%
Oct
35% Mar 16
46% Jan
2
Deere
38%
Feb
29 y* Feb
3
34
May 21
381/4 Jan
20
48% May 14
preferred
Delaware & Hudson
7% Feb
11
11% May 15
Delaware
100
7%
45% Mar
32% May
6% May
21%
*92
95
-
23%
20% Feb
45% Oct
;
21 V»
93%
'•
10%
92
23%
Deo
21%
93%
20%
24
92
Jan
31
20%
-
970
10%
5
Jan
85
33
54%
24
9
84
1011/2 July
29%
54%
3%
12% Mar
101% July
Dec
Sep
:
54%
38%
Feb
Dec
12%
Sep
Aug
May
54%
3%
Apr 23
Apr 27
84
U
54%
11,200
6
Feb
18% Feb
24% Feb
54%
27%
Cum pfd 3%ft
aeries A_
Davega Stores Corp common,
Oct
55VS
27 Va
Dana
Jan
54 %
27%
2
24%
Dec
54>/4
-
pfd
100
Cuban-American Sugar common—10
Apr
35%
Jan
54
124%
7
__
16%
5,900
54
26%
20% Jan
Mar 16
460
14
1241/2
93% May
97
47
13%
26%
28% May 21
26%
Nov
47
14%
26%
9
Aug
48
13%
26%
4
19%
90%
46
13 %
*46
26%
131/2 Mar
Feb
15,200
46%
A
com__No par
Amer
20
30%
17%
13%
37'%
No par
No par
87% Mar
18% May
.Tan
17% '
14 >/a
94
24%
Sep
Oct
27
133
17%
47
94
34%
Sep
Apr
24
6%
Shares
I perthare
16%
13%
20%
*431/2
preferred
conv
8 per thare
.16%
46%
94
9
preferred
RR
8 per share
16%
141/4
94
H
100
16%
47
20%
No par
Steel of
.v
20%
com._2.50
new
Cutler-Hammer Inc
132 V>
_
5 ft
7
8% Apr
Sales for
the Week
13%
96
Corp com__
May 15
Feb
23%
2nd
Cuba
May 14
25
14% May
Seal
31
13
s
1
21% Mar 16
11
Friday
May 21
2
r»iic>,TTi«»Vc
4% Feb
18% Feb
May 20
46 V4
96
(The)
134
Feb
Dec
Thursday
14%
1
16
19
Mav 18
6%
21%
129
17
&
16%
•
*94
America
Corp
I per thare
16%
*94
100
Zellerbach
Crucible
160
Feb
7
3$ Mar
Jun
27
27 Va May 21
122% Feb
Dec
4% May
12% May m
13
13
15 Va Feb
18% Feb
Feb
147
9
81 Va Jan
Nov
12 %
11
21
Apr
lOVa Mar
Sep
6% May
2
12% Feb
Jan
17%
Jan
84
May 17
128
•
48
141/4
54
,
1
84.20 preferred
74% May 21
26% Mar
18
Feb
May 19
May 18
"
*46%
Jv
m
...
preferred—
Crown
102% May 10
66VaMarl7
•; 165
Dec
82
of
Cork
Crown
6
Jan
•
Dec
113%
46 V2 Mar
34% May 15
22
Dec
24%
Creameries
Oct
102 Va Feb
—
Cream of Wheat
16%
,
preferred
15
Feb
34% Oct
Jan
3%%
12
25% May 21
/
..A
$ per thare
16%
100
common
Jan
96
13% May
ilR
24
Co
Apr
37%
Doo
;82%
2
SALE PRICES
Wednesdays
Tuesday
•
May 17
100
preferred
Crane
16%
8
oommoa
Coty Inc
Coty International Corp_
May 15
130 Va
May
12%
11
Jan
7%
13
Mar 18
17% Feb
Works
Glaii
90
preferred
24
9% May 13
x21
v---':
—
165
2
2
Feb
11%
66
ftVjJan
3% Feb
29-
22%
22
,
.
2% Mar 17
,
1
Exchange Bank * Tr Go
3% ft
•
80
Cum pfd 3%%
ser of 1947
Cora Products Refining eom.
Mar 19
177
Feb
Deo
105% May
22% May
<66%Maf2V
Apr 30
Feb ; 6
97
;
Convertible pref 5% seriei
Electric Corp
1
Deo
Monday
.
$ per share
/
Copperweld- Steel Co '.eomaoai^U'AS',
88
;
Far
55% May 18
-
<■
—
.
*
Saturday
-••^wMay 15
14% May 15
13
Monday, May- 24," 1948
1
'
48
11
61
m
LOW AND HIGH
-
■
17% May 21May 20.
42% Mar 24
10%
..
STOCK
-EXCHANGE
9 per there
88%
170
,r
STOCKS
"••'VYaar 1947
Lowest
•
„
RECORD
*
1
,
10%
30
Feb
Feb
20
Co
&
1
—
No par
common
Lack <fc
20
,
100
.
Western
50
Denver & Rio Grande Weet RR
6% May
25% May
•
19%
Dec
-
44%
Dec
14% Feb
11
32 % Mar 16
29
Escrow
ctfs for
Escrow
May 15
ctfs for
com
100
pfd
.100
20%
Deo
27% Mar
20
Apr
9
46% May 21
21% May 17
Detroit
59
Aug
62 %
58
Jan
6
6OV2 Jan
Detroit Hillsdale * 8 W RR Co_10Q
10% May
17% Jan
13% July
10 Va Feb
11
i2%May2l
Detroit-Michigan Stove Co
1
12%
12%
12'A
12%>
12%
12%
12%
12%
26%
Oct
22 Ve Mar 18
25% May 18
Detroit Steel Corp
1
*24%
25%
25%
25%
16
25%
25%
25 Vt
25 'A
22
Jan
12% Mar 30
16% Jan
De Vilbiss
•
14%
15
15 %
15'A
15
15
15
Feb
22% Feb
28 % May 18
Oct
"
20% May
35% Apr
< 31%
47
Dec
25
49
19%
91%
14
115 %
Deo
92%
Dec
110%
Sep
Dec
14 V
Oct
47% Mar
Feb
17
May 11
5
45'A Apr
44
29
Tan
17% May 21
39% Apr 27
56
-
15
Douglas Aircraft—
Jan
47% Jan
2
32% Feb
20
44% May 15
-17%
197
Feb
6
90
Feb
13
Jan
6
29% May 21
Feb
83
Jan
2
94% May 20
Feb
12% Feb
Nov
11
12 Va Mar 11
July
164
Mar 18
20
18
-
May 15
May 20
18*% Jail
2.
6
129% Aug
107% Sep
113% Jan
28
120
Feb
11
115 Va
112% Apr
7
97% Apr
6
115
Jan 13
Jun
94
19% Mar
13
Mar 15
Jan
15% Jan
2
i
Lowest
t per share
28'A
27'A
27%
27%
28V4
43%
44
43%
43 %
43
431/4
42
42%
42
: 42
,18
42%
42%
421/4
42'A
18%
18%
13%
18%
18%
18%
19'A
17%
13%
18%
18%
l&'/a
18%
xl9%
1
16
16
%
16%
16%
16%
16%
17
17%
No par
38'A
38%
37%". 38%
37%
37%
36%
37V4
_No par
51%
52
51
51
52%
_
17%
17%
17%
17%
Xl7%
17%
Xl7%
18
18
18'/8
18'/a
19
ft
36%
36%
35%
36%
35»/2
36%
36%
36%
36%
37
36
36%
No par
16%
17%
17%
17%
17%
17%
17%
17%
17%
18%
17%
64%
63
64
62%
63%
61 %
63
61%
62'A
44%
43%
44
43%
44%
44%
441/a
44%
*100%
101%
100%
101%
101 %
101%
101
101
43%
101
101%
lCl'/a
1031/2
102'A
102'A
102
102
101%
101%
101%
101%
101%
102
102
IO2V2
28%
28%
27%
58%
28%
27%
28%
28V«
29%
29'/«
94%
*93%
941/2
94%
*93 V2
94 %
94 %
94%
*93%
Dresser
Industries
3% ft
common——.lOa
preferred.
-—-100
International——
1
conv
Dunhlll
Duplan Corp
No par
(X I) 4s Co com—20
Preferred $4.50 series^—
No par
Du
*93
19%
20
19
16%
—_—
Pont de Nem
16%
16%
182
*118%
Preferred $3.50 series—.—^Ko par
1st pfd
100
DWG) Cigar
«
95 Va
Duquesne Light 5ft
Va
20
19%
19%
19%
17%
17%
17%
17% '
17%
17%
1811/4
1821/2
119
319
182
119%
118%
118%
95%
14
14
°5
%
113%
14
114
14
25
11
20% May 18
Eastern
Saturday
Eastern
Stainless
38% Feb
10
162% Jan
12
46% May 15
174% Apr
6
47% Feb 28
60% May 15
17 Vt Feb
13
19% May 17
82
Mar
8
91ya Jan
Mar 16
16% Jan
2
6ft
102
Feb
5% Jan
24
5
106
Jan
Co
cumulative
4% ft
Ekco
12
20%
19%
20
21%
20 Va
20%
45%
46%
45%
45%
44%
45%
44
100
*167 Va
168%
168 Va
168 Va
167
167 Va
4
60'A
60%
60%
60
60%
100
1
ft
19
37% Apr 30
2% May 12
Ilec & Mus Ind Amer shares
11
21% May 15
Electric Power 81
Convertible preferred
$0
13 Ye May
14
15% May 19
/Jan
8
34
102
Jan
6
8% Feb
3
15% May 15
61% May 14
El
RR
5ft
14
Erie
Jan
14
Eureka
9
Williams
Evans
11% Jan
5
Eversharp
3
7% Mar 30
lft
■
v
■
■
f
inp
—_1
No
par
Ex-Cell-O
Corp
Exchange
Buffet
—ft
Co
ft
1
ft
Corp
Fairbanks Morse St Co
ft.lt
Na par
Fajardo Sugar Co of Porto Rleo_89
Falstaff Brewing Corp
1
Farnsworth Televls'n & Had Corp
see page 28.
104 Va
102%
104 Va
'102%
104 Va
7%
7%
7'/a
7V4
52'/a
53%
53%
54%
53%
54
151/4
15%
15 Va
.15%
15
15%
14%
15 Va
36 %
*35%
36%
35%
36
*140Va
Inc
Fedders-Quigan
*102%
7%
53%
141%
3
Bldg—
Corp
20% May 17
49% May
104'/a
7'A
141%
par
&
Products
102 %
*155
preferred series A__100
Pittsburgh RR Co
80
68% Apr
*
16%
156
Mfg Co
common
Oorp
19%
93
15%
156
Gaa_
4ft preferred.
Equitable Office
19%
*91
16%
2%
4
Emerson Radio & Phonograph new ft
Empire District Electric Co
.10
Endicott Johnson Corp common
2ft
Erie
19%
93
59%
15%
36%
No par
Electric
19%
*91
45
168%
15%
21
Battery—___Jfo
Natural
19%
93
59
14%
No par
National Watch Co_
Paso
Emerson
19%
*90
168 Va
24%
14%
No par
eom
preferred—
Elgin
19%
93
x24%
14%
_No par
Light
preferred.
6
*90
60
25
53%
;
11
Jan
19 Va
1
100
2.50
common
1% Feb
Electric Storage
May 19
$ per thare
19%
13% Feb
17
24%
24%
Wednesday
20%
32% Feb
70% May 21
17% May 15
24%
May 18
21 %
common
9
;
I per share
10
Electric Boat
66% Jan
Tuesday
May 17
common
16'a Mar 24
143% Apr 28
Monday
I per share
25
13
11
14
20%
preferred
$7
*13%
19%
Feb
28
*119 »/8
20 %
11
Apr
120
r5%
114 '
24%
Elastic Stop Nut Co
Electric Auto-Lite (The)—
158
*119
114
19%
8
May 21
54% May 21
10
119
*°5%
21
20
Feb
182
ln%
Feb
139
181%
20%
43
123 Va Feb
X180
1
preferred
4%ft
181 %
I
preferred
Products Co
14
I per share
is
Kodak
17%
180 %
Corp
Steel
Eaton Manufacturing Co
Edison Bros Stores Ine common
19
13
■agle-Plcher Co
Eastman
*13%
19
119
°5%
II41/2
May 15
Airlines Inc
2'/** ,i«
95%
114
19%
18
r
95%
95%
114%
114%
13%
13%
95%
114
13%
29%
95
19%
' 18
184
20
96
114%
13%
LOW AND HIGH SALE PRICES
STOCK
Par
27
*93.%
20
181
114
28
20
182'A
114
EXCHANGE
a
181/a
62%
43%
I per thare
•
52
62%
NEW YORK
May 17
*51
—Ne par
—
16% Feb
16% Mar 16
51
19%
44%
Co
19 y8 Feb
ir~ For footnotes
27%
44'A
62%
Highest
Lowest
$ per share
15'A
27%
43%
Range since Jan. 1
Highest
63
27
STOCKS
I per thare
*60%
No par
Chemical
Range for Previous
Year 1947
64
$4 preferred series A
—No par
$3.25 2nd preferred—__Nopar
102Va May 11
21
*59%
common.—__ 1ft
Dow
103% Apr 26
Oct
Dec
Pepper Co_——
63%
T
—
67% Apr
19
19
A
*58
43%
"
Class
64
:
J
Doehler-Jarvls Corp__
Dome Mines Ltd
37% Jan
*58%
JM
,
Car Co
5
13
23
98%
T Motor
Corp-Seagrams Ltd
Dlvco Corp. _i.—_
Dixie Cup Co common—
5
Feb
97
partic preferred
24
Jan
29
15% Jan
23
6ft
Diamond
Distill
Feb
23
Oct
104%
Co_
Dr.
Jun
f 114% Feb
.
Devoe & Raynolds class A_
12.50
Match common
—No par
Apr 21
76
.
20
Diamond
15
19% May 21
xl9%May2i
>42% July
Deo
May
16
10
39%
Dec
173
29 % Feb
Sep
9
21 Va
Sep
10% May
14% Nov
11
55%
May
80
13
Feb
13 * Mar 17
14% Mar 12
34
Dec
Dec
Feb
16
40%
May
May
45% May
98%
38
Feb
18% Jan
19% Oct
.
28% May
16% May
38%
r;Jan
24%
11% May
,15% Dec
21
35% Mar 12
Jan
50
is 42% Nov
A17%
Oct
Edison
1
—1
7
7%
2%
2%
2%
2%
21%
20%
21V4
20%
21%
156
153%
154 Va
141%
139
139
2%
Thursday
May 20
I per thare
Frtdav
May U
t per thu.
Sales
for
the Week
Shares
Volume 167
Number 4701
THE
NEW
Range for Previou*
■' -
•
i
1947
Vcar
Lowest
t per share
,32
42% Mar
23July
i* 14Va Feb
May
16% Dec
9% May
vl9
97 %
20
Dec
26%
Feb
20% May
46% May
<■
Apr
Dec
26%
Jan
i
28% July
107% Jun
104
Jun
59% Feb '
61 i Feb
Sep
42y«
107% Aug"
61 y2 May
62ya
14% May
Dec
$'pet share
Federal
90
Feb
»
20
Feb
10*
18% Mar 17
53ya Feb 28
Feb
11.
110%
Feb
x98
Feb
26
convertible
4%ft
Flreetone Tire
58
Jan
May 17
41% May 20
102% Jan
Firth
(The)
May
Deo
19% May
23% May
32%
24% Feb 27
26%
Jan
22
25%
12'A May
Dec
Jan
Power
Follnnsbee
Steel
18%
Dec
cum
Francisco
10
Franklin
699
5% Feb
11
Jan
5
13
11% Feb
9% May 20
45
Gabriel
146
28
' Apr
1
9% Mar 17
9% Feb
73
11
Apr 22
May J 2
10% Jan
155
Jan
9
19
14% May
3
12% May 21
78% Jan 26
34% Mar 10
39% Apr
9
20% Feb
27
24
Jan
2
6
144
Jan
28
85%
129
Feb
Mar
107%
Industries
Sep
Inc
Feb
10
104
50% Mar 16
119% Feb
19
60% May 15
124% Mar 25
3
Jan
110% Feb
25
13
Mar 30
123% Jan
2
29% May 18
30% May
6
30
Feb
22% Feb
11
108
Apr
68% Apr
22% Feb
14
29% May 21
Feb
10
90
40%
Feb
2
108
Jan
85
98
Feb
72% Jan *3
99
Aor
1
May 12
82% May 19
36% Dec
6 per share
27% Feb
13
90
Apr
26
95ya Mar
30
Feb
17% Feb
14
25
103
Dec
Jan
79
Apr 30
Mar 17
Dec
26 V.
Nov
21
51% May
58
Sep
48% Feb
5yaMay
7
Feb
4
124
Oct
113
Jun
Dec
Jun
Dec
Dec
Dec
13% May
33
Feb
Mar
27
1
MarlO
17%
17%
17%
18
18%
18'A
103%
103%
*102%
106
*102%
*103 »/2
105
*103'/a
$4.25
pfd
General
series A
Baking Co
let
4%
conv
6%
19% Feb
18
24% May 17
47% Mar 16
Feb
38% Mar 17
64
May 21
100% May 17
47% May 20
109
Aug
96% Mar 18
101
24
Jan
16% Feb
11
Oct
3% Feb
27
8% Mar
5% Feb
17
61%
May
8%
Dec
41
12% May
Jan
25% Feb
14
21 ya
Jun
Oct
18
Feb
Jan
9
20% May 15
5% Jan
2
8% Apr
23
37
preferred
% conv preferred
Jan
24
Feb
16
29% Apr
23
107
Mar
90
Feb
26
96
16
;
May
14%
Feb
28 ;
Dec
37%
Feb
29
12
Dec
17
Sep
12% Jan
69
49%
May
Feb
27% Mar
9% Mar 16
Mar 27
19
36% Feb
11
Jan
20
Jan
132
Feb
70
Jan
27
Apr 10
29% Feb 21
14
17
May
,
,■
,,
8%
78
May
6%May
,f
57%
Dec
10
Mar 16
Feb
Dec
5
38%
38%
23%
*134
23%
138
127
110'A
*103%
108
Mar
2
39
May 18
17'A May 17
13 'A
May 17
9
3
87%
Dec
112
Feb
102%
Dec
108%
Sep
xl01% Feb
10
19%
Apr
;.27%
Dec
21% Feb
24
148%
Oct
160
Jan
79
Mar 22
16% May 21
XI4% May 21
89
Jan
12
104 % Apr
Mar 24
12
27% May 21
150 % Jan 28
-
27% Mar 16
34'A May 15
147
page-28.
125%
125%
126 Va
126%
*103%
107
*104
107
104
104
104
104
58%
59%
123 'A
122%
122%
97%
96%
98 Va
*96%
.16%
16%
16%
xl6%
20
16%
20%
16%
20%
20'A
20%
20'A"
20'A
17%
16%
17'A
16%
17
16%
17
4%
4'A
4%
4»A
v
4
60
4%
58%
59%
123
123
97%
16%
4
4%
14%
100
*124
10c
*124
127
127
*124
127
.
6%
6%
6
6'A
5%
28%
-
28%
28
28%
28%
28%
*28%
29%
29%
30
29
28%
120
*119'A
29
29%
27%
101%
29%
*100
28'A
2.9
27%
29%
29
29'/a
101'A
*29'A
30
*100
120
6'A
'
*100
101'A
28
26'A
27%
100
*89
92
*89
92
*89
92
100
*80
82
*80
82%
*80
82%
LOW
t
Monday
May 17
37
81%
5%
*118
$ per share
37'A
33
SALE PRICES
Wednesday
23
61%
37'%
37%
37'/a
38%
38
39'A
94%
94%
94%
95
95
94%
95
500
24
25
24
24%
24'A
24%
24 %
25
25,900
*81
83
81
82%
84
400
81 %
81%
81%
26%
26%
27%
26%
28
51 Yt
51'A
51%
51%
*51%
5%
5%
x5%
5%
*118
46'A
100%
20%
20%
5
24%
*118
23'A
63%
62%
100%
61%
100
46%
*98%
6
119%
23%
62
*100%
119
23%
63%,
101
46%
27
*118
*80
27%
27'A
5%
23%
23%
62%
4,400
117%
118'A
220
23 %
4,700
13,400
23 Va
23%
62'/a
63'A
62%
100%
100
99%
46%
46'A
99%
*99%
100
99%
100
100
100
20%
19%
20
19 Va
20
20
20
20%
5
46%
5%
99
'
46%
46'A
64
100%
100
•
16,800
1,500
3,800
100
20%
20%
5'A
1,500
47'A
46%
47'A
5'A
5
5
7%
8
7%
8
Nopar
35%
36
*35%
36
37
37
Nopar
26%
27
26%
26 7A
28%
29'A
..5
27%
27 %
27'A
28
287A
94%
94'A
94'A
94'A
95
1
com
pfd—
13%
No par
*34
Nopar
14%
No par
50
-No par
preferred
.—100
Green Bay * Western RR_.
100
Green (H L) Co Inc.—.—.
*130%
*62%
13%
13'A
*34
36
15
14%
50%
49%
21%
139
21%
139
12%»
13%
>•'
v 'i.
r
13
*33
37
35%
15
15 >A
50%
47%
48'A
22'A
22%
<22%
'15%
141141
139%
64%
*62'A
64%
*63'A
65
38%
37%
38%
38'A
39
16%
17
17-
17'A
16'/a
16%
12%
13
12%
13'A
13
12%
12%
*95%
par
*
——
*93
8%
7%'
38
1
Greenfield Tap A Die Corp__No
—-
21%
-
1%
Greyhound Corp (The)-—
Common
4%% preferred
4-
29%
100
Co common.
3%*
preferred
Orayson-Robinson Stores
20o
5%
119'/a
23%
63%
100%
124,800
52
5%
118
100%
20,300
27%
*51 %
52
5%
119
27'A
27%
*51 Va
52
*80
83
45%
5'A
Shares
38
94%
25
24
Sales for
the Week
I per share
37%
24'A
100
Friday
May JI
May 'JO
6 per share
38
25
5%
Thursday
May 19
t per share
95
*94
95
119%
*99
1
May 18
52
26
*51
Nopar
AND HIGH
Tuesday
-
6 per share
perthare
*.94
24'A
1
;
127
119'A
29'A
*124
28%
118%
27% v
120
——5
Graham-Paige Motors.
Granby Conaol MSA P
97
*95%
98
*96%
|
3
.100
1
v
12%
39%
38%
39%
6'A
6%
6'A
6%
*91%
♦.92
95
'
*96 Va
97
39%
1
39
92
95.,
18%
39'A
7%
'• .94
92
17%
94
18'A
.
17% M8%
55%
56
18%
55 ~
75
75%
74%
75%
73%
17%
17%
16%
17'A
16 Va-. 16%
*34'A
35'A
34
34'A
33%
33%
15 3A
15%
15%
16
15%
16
15%
14
14
14%
14'A
14%
14%
*55
1
6%'
7%
19'A
56
98
39
39'A
.
6%
18'A
Nepal
.
56
>• 56
57
175'A
74'/a
74%
16%
.
167A
H
Haekeneaok
Water
Hall
Printing Co
Watch
oonv
126%
96%
*
9s Stock Telegraph Co
100
Goodall-8anford Inc
10
Goodrich Co.(B F) com
Nopar
65 preferred
,.No par
Goodyear Tire Jt Rub com
Nopar
$5 preferred
Nopar
4%
10%
*125%
16%
Gold
Hanna
94
126'/a
59'A
Par
(W T)
49%
40%
40'A
*125%
*122%
May 15
Hamilton
48'/a
39%
40
28
31
13% Mar
10%
49%
13%
Gulf States Utilities Co
12% Mar
10%
49
27%
17% May 13
Feb
10%
50
14%
57
Jan
10%
50
29
75% May 15
19%
10%
50 Va
13%
2
19
10%
28
10
JO
*93%
14%
10
Apr
94%
28%
57% Feb
35
40 »A
*93'/a
14
Dec
Sep
10
39%
39%
94'/a
27
Dec
Feb
39
40'A
19"%
65 conv preferred—
Nopar
Gulf Mobile A Ohio RR com.No par
$5 preferred—
Nopar
Oulf Oil Corp
.•
25
May 21
39%
39%
14%
„
94
Jan
38%
*93%
97%
—.1
7
14
22%
138
95
16%
Nopar
11
May21
39%
21'A
*135
40
27%
Feb
19'A May 15
12%
77
39%
40
14%
—
Feb
11
12%
*76
39%
27%
;
Hosiery
13%
.
39'A
•
cam
156
13%
22
138
10
*153
*93'A
40
60%
Saturday
conv
22
*135
Nopar
Corp..
com
Gen Tire As Rubber Co
4% V preferred
3%# preferred
22%
136
97%
...10c
j
22%
136
*122% 123%
.
Gen Steel Castings $6 pfd—No par
General Telephone Corp
20
Gen Time Inatr Corp com—No par
4V*% preferred.
—100
62.25 cum
138
*125%
No par
Realty & Utilities
Gotham
23'A
23
*134
60%
105
9%
39 »A
125% 126%
12% Feb
38%
50
44
see
39%
10%
Grumman Aircraft Corp
Guantanamo Sugar common
Jun
footnotes
*38%
50%
97% Feb
Dec
For
39
11
43% Apr 16
7% May 21
Jan
38%
#
106
59%
76
50'A
9
14
39%
76
10%
16
13
28 V« May
12'A
75%
11
Jan
39
12%
50 %
General Refractories..
General Shoe Corp.
,
32%
12%
75%
50%
59%
156
13%
12%
10%
*104
*153
13%
76
12%
1
100
156
13%
*75
No par
iQfr
*153
9%
105
13%
12%
12'A
*75
23
13%
13%
39%
11
5% Mar
85
16%
38%
156
*153
13%
10
61
76
12
12%
138
156
13%
95
30% Feb
Jan
76%
.
*153
13%
95
91% Apr
511
Apr
13 %
9%
39'A
Feb
95
Dec
.14% Feb
31% May
9%
39%
Dec
33
:4% May
i
9%
96
Great Western Sugar com
77
60
Dec
10'%
39%
Gt Nothern Iron Ore Prop
Gt Northern Ry 6% pfd
20
21% Mar
105%
23
Jan
35% Aug
,12
Apr
23
Dec
Dec
10
10%
4o
-
15% May 21
50% May 15
144
Oct
July
13% May 15
33
22
29%
i 02
Jan
Feb 27
it 14%
\U 9
10
39%
Equip Corp—Nopar
Grant (WT)
33
Dec
163%
10
9%
105%
39%
Outdoor Advertising
No par sGeneral Portland Cement Co
1
11
Dec
v
59'/a
*104'/a
*93%
Grand Union Co
Granite City Steel
23%
Dec
61%
104%
No par
series—.
May 21
29% May 21
90
34% May
61%
104%
22%
General Motors Corp com—
10
»5 preferred
Nopar
Gen
61%
106%
.No par
;
Utilities
61
*104
75
*134
..No par
com
Instrument Corp.
Mills common
Preferred 63.75
61
38%
No par
100
com
1%
106
9%
107
75
50
9%
61
11"%
100
9%
*104
63%
13%
No par
9'A
156
*153
5
9%
109
9%
.No par
preferred
General Cigar Co
106
62%
*105
S
preferred—
2nd
*103%
6
common
$8 preferred
General Bronze Corp..
General Cable Corp com
4%
100
No par
22
94'A Mar 11
21%
18
121% Apr
Feb
21%
17%
Goebel Brewing Co
May 18
21 %
21%
18'A
9
6
21%
17%
2
28
12
21%
9%
18'A
Jan
84% Jan
16%
17%
64.50 preferred General Amer Transportation
53% Jan
May 15
16%
General American Investors com—1
Oillette Safety Razor com—Nopar
$5 conv preference
Nopar
Gimbel Brothers common—
5
64.50 preferred
Nopar
Glidden Oo (The) com
Nopar
4Vs% conv preferred
50
4
16%
44
EXCHANGE
39%May 21
*15%
25%
NEW YORK STOCK
July
71%
106
21%
16%
21%
25
tper share
Jan
17% May
21%
*15%
25'A
Range since Jan. 1
Highest
105%
Dec
21%
19'A
16 V2
24 Va
Lowest
Highest
23% May
16
STOCKS
Year 1947
tper share
16'A
9%
25
Ranre for Previous
Lowest
16
19
24%
Publio
29
10 %
9%
19%
24%
Gen
6% May 15
10
10%
8%
*19%
24
Gen Railway Signal
6% preferred
30% May 21
31% Jan 12
9
8%
19%
24%
29
128% Jan
9%
£'%
19%
24%
21% Mar 16
Jan
16
21%
9%
19%.
25%
Feb
35%
16
21%
9
*19%
9%
24%
com
Public Service—
36%
19%
9
1.66%
Gen
May 12
8%
"
19%
44
4% May 21
4% Mar 11
8%
8%
8%
9%
19%
45
14% May 15
22% Feb; 11
25
?Feb 13
8%
9%
*19%
44
13
124
8%
1
43
22
124% Jan
8%
83
43
2% Feb
Oct
23
*81
9%
11% Jan
Feb
22%
82
43%
Feb
Feb
22%
81
9%
Jan
8%
22
80%
43%
$%
May 18
23%
80%
44
Precision
Mar
12%
9%
Gen
14
44%
12%
22%
Gen
11
44%
12
43%
16% May 18
21% May 21
17% Apr
1
12% Mar 17
16% Feb
Feb
45
11%
9%
98% Jan
Dec
45
11%
43'/a
93% Feb 17
10
46
11%
9%
May 20
20
29%
Dec
9%
*45%
43%
General
Apr
Jan
140
20
9%
preferred—
31%
133
9%
1
conv
16%
:
19
9%
38%
50
4%%
General
127
19%
31
10
No par
50% May 15
Jan
25
26
5%
9%
No par
Co
9
20%
3
1
.—10
Gardner-Denver
12
97
95
25%
16 %
I
General Foods Corp
$3AO preferred
40% Feb 1'*
41%
25%
14%
20
40% May 19
95% Apr 24
118% Feb
21
36%
14%
com—
40% May 21
2
9 ft Mar 13
99%
37
25%
14%
(The)
34 a Mar 19
88% Jan
43
100
*24%
preferredGamewell Co (The)
31% Mar 11
-May
34%
25%
11%
42%
100
14
6%
Inc
preferred
General Electric Co..
136
100%
35%
35
11%
42%
99%
13 >/a
.—106
18% May 15
106
11%
42%
*24%
....
103% May 17
63 % May 15
6
11%
43%
100
14%
J15
„
13
8% Feb
49
10
-
No par
99% Mar 24
104%
12%
Gaylord Container Corp.
50% Mar 11
34%
12%
43
*99
,
———,
May 20
26% May 4
100% Jan
34
12%
12%
>o
—ICQ
preferred
Wood
33%
15%
common
Gatr Co Inc (Robert)
Gar
41%
103
28%
Stores
Co
20
101
28%
Sugar Co
cum
103
*101
28%
1
prior - preferred.
4%
102%
55
28
82
18% Feb
40%
28%
17% Mar 12
30
19%
40%
28 %
77% Mar 29
8
20
38%
29%
Jan
24
19%
40%
28%
39
Apr
20
39%
lo
103% Mar
17
20
15%
Froedtert Grain Ac Malting Co Inc.l
Fruehauf Trailer Co common
i
21% Jan
20
55
14%
12% May 18
24% Jan
5
13
55
14%
46% May 14
Feb
54%-
15%
13
18
56%
54%
15%
18
5
*55
65
14%
Feb
Jan
105 %
54%
*101
280
105%
*105
16
10
12% Feb 27
22%
1
i,5oo
49%
105%
106
14%
35% Feb
9% May 21
49%
15%
Feb
20
65
49%
14
Jan
10% May 21
54%
*105
106
23%
b J V2
16
50%
11
*105
23%
'/a
49%
14%
22
6% Mar 16
85
49% >50
it. 23
14%
(n*wy
pfd—„
conv
16% May 21
7% Feb
90
63'/a
50%
15%
Fair Stores Inc
3%%
Mar 16
18'A Mar 23
6 per share
63
49%
106
■
23%
b3
62 y4
No par
Corp
12% Feb 26
May 19
23
22%
50%
Corp—
Freeport Sulphur Co.
Dec
77
23%
6 J "/4
22%
.61%
49%
23
Shares
y
23%
■
7%
Food
"
36% May
11% Nov
23%
61%
*53
Food (Machinery Corp
May 15
99
98%
23%
22%
105
Corp
Foster-Wheeler Corp
6
98%
98%
23%
-
33%
12% May 15
May 13
Apr 20
'99
*97%'
98%
23%
2s
—No par
45-
102
23%
97%
23%
99
*23
33 '/a
Florence Stove Co
38% May 21
25% Jan
5
8% Apr
98
23%
*32%
12
3
99
•"
*23
.
33%
40% Jan
Feb
99
a
33
23% Feb
9% Mar 17
Feb 24
7,900
13,400
100%
Dec
33
100
10
Florsbelm Shoe class A
89
31%
100'%
Florida
Feb
30%
39%
100W
6
July
31
19%
14-% May 21
15%
30%
38%
100%
21% Jan
110
12
19%
14 % Mar 19
1-
...
2,800
11%.
30%
30%
40%
13V* Feb 21
11
20
39%
Jan
40%
41%
19%
11%
19%
Aug
'.May 21
41
19%
No par
30
35
40
19'%
(The) common—No par
preferred—
No par
24
Jan
30% Y "
_1
Carpet Co
$ per there
39%
12%
30%
No par
17%
Dec
May
11%
-
Balsa fer
the Week
11%:;
12
J
Friday
May 21
I
39%
39%
'
30%
eom
Stores
May 21)
t per share
19% ,;19%
19%
11%
100
41 % Jan 1
Feb 26
40
19%
29%
Fllntkote Co
84
15
40
19%.
12
preferred
National
40 %
19
31%
.-...
9s Rubber
Firet
39%
18%
-
Thursday
•
$ per share
11
Enamel Corp
Fidelity Phen Fire Ine N Y
2
share
30
Ferro
4%%
< per
He par
priisrrsd
50% Mar 31
May 21
I per share
PRICES
Wednesday
May 19
39%
,
SALE
May 18
No pnr >
24'A May 21
66% May 21
20
Dec
9
;
20
14% Feb
Truck.
Motor
Felt Jk Tarrant Mfg cs
106
31% Feb 11
.91
23
-
23% May 21
104
Feb 14
49% Mar 16
Oct
14%
18%
Federated Dept Stores com
Jan
18
39
6
12% May 18
39 %
13
1
Federal-Mogul Corp
31% May 14
21%
May
Federal Mining A Smelting Co
HIGH
AND
.•VY.'VToesdajM.
May 17
8 per chare
10
Jan
Monday»
LOW
20% Feb
90
RECORD
Saturday
May lf>
STOCK
EXCHANGE
4^/a Apr
6
20
May 21
May
30;
YORK
NEW
35 % Feb 11
16
Mar 11.
8% Mar 11
43
STOCK
t per share
99
;
YORK
STOCKS
.
■,,
.Range since Jan. 1'
Lowest
Highest
54
.
•.
w-;
.
Highest
6 per share
.
f.!„r
FINANCIAL CHRONICLE
COMMERCIAL &
at
Co
com
preferred
Refrac
6%
preferred
Hart.
Schaffuer
"14
100
(M A) Co 64.25
Harblaon-Walk
8
Nopar
82
82
83
85
85
84
*155h
15%
155,
16%
2.300
14%
14%
14%
Xl4%
14%
3,300
84
••
84%
*103%
104%
*103%
104%
103%
103%
*103%
26'A
25%
26%
26'A
26%
26'%
26 7A
♦148
152
34
34
*148
152
*148
152
—
*148
Maine—
10
34 %
34'A
-
,
*148
152
i 27'A
26%
~
230
V* *100
i
'5,600
152
•
'
9s
*103% 104%
104'/a
25%
*103%
86
*84
86
1041/2
r
600
34
*33
35Si,
,
25%
25%
100 •¥ *148 V 152
pfd—No par
com—No par
;
82
*33
34
33%
33%
33'A
34
33%
33%
*33
34
33%*
33%
lUoou~_
THE
COMMERCIAL
STOCK
YORK
NEW
FINANCIAL
&
CHRONICLE
RECORD
LOW AND HIGH
Range for Previous
Range since Jail; 1*
Year 1947
t per
S'per share
share
6% May
75 %
6
kf
..
90
May
30% Jhn
103%
Dec
35
Apr
49%
Nov
42% Feb
108
July
68
Jan
140%
Dec
165
May
Dec
x95
14Va May
50%
126'
Sep
Dec
29%
118
V
20
Dec
Oct
Jan
22% Feb
63
Feb
134
-V
\
Mar
38
.
Sep
134
Sep,
29% Jan
Sep
24-
79-
11
6% Feb
11
26 Va Jan
27
78
27
87
Jan
Jan
35% Apr
13
42
95% .Ian
28
101
51 Vi Feb
Jan
140
9
46
Feb
i
4'
Feb
21
10Va Apr
28
20
*
1
Feb
21%
58
6
54;
26%
27%
15 % Feb
14
29
Jun
37 74 Apr
Dec
26% Feb
7
l'l
14
36
Feb
Oct
,
Mar
Feb
Sep
Jun
17% Apr
88
10
Mar 30
38
I Mar 12
20% Feb
9V4 Apr
34% Jan
5
Feb
Oct
Jan
7%
33
:
19
35% Jan
3974 May 15
8OV2 May 21
% Mar 16
9% Feb
17
x35% May
'
11% Jan
2
24% May 14!
>
15% Jan 28 :
53% May 21
39
Feb
10
107
May
119
.Feb
20
146
May 21
169
Dec
150
Feb
10*
158
Mar 27
Apr
12% May
34% Mar 10
21% May 21'
Sep
6% Feb
•til..."
21
11
11-
May
,5
100V*
Dec
May
23'%, May 15
;
2% Mar 10
llVa Feb
125 % Feb
80
Feb
103
11
99% May 15
23% Feb
11;
Feb
9
3% Mar 16
'
Jan
2
14
90V4 May 13
52 Va Jan 24
Mar 12
57
-
30
Mar
-
4
May
Jan
28%
83
83
9
22% Mar
1
31
May 15 '
39% May 20
16
143
45%
21
21%
5
23
23%
22%
22%
100
96%
97
96'/a
96 %
No par
3%
No par
15 %
140%
97%
99%
168%
169%
7%
8%
15
_10o
Piper
preferred-,,
Co
*81
169
96%
167V4
16
143
97 V4
168
774
774
7%
84%
4 74
4%
31 74
31%
*137
X31%
137
139
32
137 %
60%
61%
60
61
p:ar
*96%
97%
96 %
96'/a
No par
11%
11%
—No
com
—100
*93.
No par
*56
—Napar
Shoe
7%'
15%
142
15
com
_
168
97%
35 %
35
par
96%
3%
15%
142
43
43
57%
58,%
preferred
j
94%
57V4
*34 Va
35
15
15%
15%
15%
26
26
3074
,
31
*35%
1
*
29 %
30%
36%
36%
*140
144%
*140
LOW
36 Va
144%
AND
30
36.%
'"-HO
30
37
14 4%
HIGH SALE PRICES
'
t per share
.
July
7
Jan
39*% Feb
Sep
92
46%
Oct
34 74'Feb
125% Oct
100 Va Feb
July
Jan
100
151
Dec
145
39
Feb
29
40% Oct
18
10
9% Jan
2-
Jacobs
7
Monday
May 17
# per share
Pa 1
$ per share
Jaeger Machine |Co common—No par
Jersey Cent Pwr :<fc Lt 4% pfd-__100
Jewel Tea Co Inc com
No par
92% Jan 30
•
46% May 15
99-
May 11
"
42
May 15
Apr 12
(F I)
3%%
Co_
cuhiulative
preferred
32% May 21
106
May 21'
Johnson & Johnson
152
46
Feb1
31% Feb
11
22%' Feb
14
Feb
90
Feb
23% Feb
103^fe
Feb
__
49% Feb
Feb
116% Feb
20
Feb
*103%
1057'a
170
93% Apr 10
43
May 20
5# preferred seriei'A'—_—_^il00
Joy Manufacturing Co—
—I
*88
90
39 74
35%
■
16
A
42%
21,000
5814
-
20
98
41 Vs
42 %»
*5874
11
38%
Oct
29% Feb
91 Va Jan
Dec
34
Jan.
45
Juu
59
40%
Apr
52% Oct
Feb
&
63'
32
Mat
Feb
Wire
58V4
700
w m
Co___No
conv
2nd preferredi_^i_—100
Kinney (G R) Co
r
common
$5 prior preferred—L
11
Kresge
(S S)
45% Feb
16
Kress
Feb
13
6% May 15
.-12'-';. Apr
5
24: Mar W.
;■
(S H)
<fc
*12%
1374
*71
_^__1
7274
35
-
*94 Va
-
35%
95
10
37
37%
50
50 74
;
Co
par
Lacled* Gas Llfbt
•
La CbnhBllff 6% pfdLt;75
LambCtt- C«T <The)
r;-
.
•/
-
41
23
-
10
6,100
2,300
1,900
41,500
5,800
900
3,800
100 74
*99 7'2
No par
Co
Kroger Co
41
•'
No par
KoppersfCo Inc Commoni.a.-s-w-i-10
Cumulative preferred 4% ser
100
5
13
20%
*4072
22%'
4%:
19
102 % Aug
40
Oct
90'
13
11 Vs Feb
Jan
•
19%
21
85
36%
90
*95%
*95%
49 Va
Feb
*88%
4074
48%
Feb
41%
*155
56%
19
Shares
32
37
13
36
30%
170
10-
92% Feb
Sales' for
the Week
98
103%
100
20%
"58%
42% Feb
Friday
May 31
("per share
112
30
com
46% May 21
52% Jatr
share
45%
41
*155
6
,
•
45%
*97
No pa.'
Jan
14% Mar 17
20% Feb 20
17
$ per
9 Va
Jones Si Laughlin Steel
.
48% Mar 12
26% Feb
21%- Oct'
May 20
21
37% May 21
11
58% July
18
Nov
31%'
Thursday
85
*109
lift
30%
17
29% Deo
41%
*111
-.12 Va
2nd preferred series A
98 ;
40%
11
108% Ma'r
4%'
46%
98
Joliet & Chicago RR stamped—^100
common
fpet share
9
100
19
share'
83%'
1100
preferred—
$ per
Wednesday
May 19
*20%
_No par
113
"Felp 10
May 18
1
Johns Manville Corp com
3Va^
Tuesday
May lo
11-
f Jan 29
74'Marie1
8374
Saturday
21% May-
Fetfl3>
20% Feb
112
101%; Feb
'
O
82 74 May 15
104%
NEW YORK STOCK
EXCHANGE
t per share'
MarlB
19% Jan
:
Highest
Lowest
tpersharq
13%- FeK
104 %, Feb
27%
3%
3%
15
$6
May 20
Range since Jan. 1
Highest
34 %
156
44%
STOCKS
Year 1947
53
1,800
X141
Range for Previous^
24 Va
4,600
153
7% preferred'
—125
International Telep & Teleg__No par
Foreign share ctfs
__No par
Interstate' Dept Stores
No par
Intertype Corp
I_—__No par
Island Creek Coal com new_
50c
15% May 21
26
May 4
18
52 %
145 V2
"_1
1—.
Mar 31.
17% Mar
300
52 Va
20
35
11
6,600
3,100
13%
145 %
International Silver common—_25
,
11%
24%
13%
15%
International
1574 May 21
29V»Feb
ll'/a
24 Va
143%
Int'l Rys of Cent Amer
5% preferred
International Salt
4
11
137 Va Jan
110
5,400
142%
$4
;
1*»
11% Feb
-''
27 V4
28%
700
_No par
59%* Apr 27
HV2 Feb
,y.,
26:%
28%
1,730
-_100
International
May 20
45
1
43
preferred
Preferred
107% Jan 29
39% Mar 16
6%
Int'L Nickel of Canada com—No
61% May 17
97% Apr 16
Feb 28;
9% Mar 19
May
•
26%
28
5.20n
Minerals & Chemical com
5
4%
preferred
;
100
International Mining Corp—_L1
May 21
139% May 11
86
.
*26%
34.300
Int'l
x32
42% Mar 17
25
117 Va
28%
81%
Int'l Hydro-Electric Sys class AL_25
36% May 21'
83'/a May 18
5 74* May 20
24% Mar 16
11% May
*11774
26%
Int'l Business Machine new_No par
Int'l Harveoter common
—No par
7"k. preferred
*
-iilOO
16974*May 18
8% May,15.
11
135
8
10
11;
5% Feb
74
Jan
3%;May 18'
16
May 21
144
May 15
161% Mar 31
65%. Jun
117% 117%
♦26%
_J20
Inland Steel Co
Inspiration Consol Copper
1Insuyanshares Ctfs Inc.—
.' Interchemical
Corp com
4V2 % preferred
Interco'iitinental Rubber
"
Interlake" Iron J
8% May 19
95% Apr 22
3
9% May
*
45%'May l5
15Va Feb
v
Dec
118 r
—
29% May 21"
13% May 13
Dec
29%
Illinois Central RR Co common__10o
6% ndn-cum conv pfd ser A_1:00
Leased lines 4%
_-_100
RR stock ctfs series A_
—1000
Illinois Power Co common__No'par
Illinois Terminal RR Co
—„5
Indianapolis Power &: Light—No par
Industria' Electrfca De Mex, S A—_
Industrial Rayon
1
Ingersoll-Rand common——No par
Idaho Power Co_
;
35 % May 21
11
20% Feb
5
97% May 17
22
Dec
21%
29%
8-
■
Jan
.39,.Apr
29%
.
May 17
>
7% May
103
29%
117%
2.9%
117%
29%
3
Apr
5
28 V4 May 17
41% May
54 Va
125 %
6
27
95
■'
53%
125%
21 Vr May 21
Mar 16
3
Feb
24% Jan
13% May
20% May
13%< Jan
54%
125%
44''4- May 21
27% Mar 16
62% Feb 11
-
53%
*125%
28
7 "Mar
14% May
20"
14% Mar 17"
15% Feb 13
3 0 74 Apr
V
22 %
54%
22'/a Apr 26
46% Apr
2
30
vf-
152
21%
Apr 30
31
21%
'
60
*148%
20%-
35% May 21
11
43%
16
May
-47V4 May
20%
44% May 17
13% Mar
■;
102
*58%
6
Jan
7%
Jun
*101
.2
93
11
19 '>■: Feb
<
4'% Jan
Feb
38% Mar
Dec
101%
58% .58%
*148% 152.
14>
34% Jan
9
27
Feb
29
14
38
*ioov4
27
May 19
46% Jan
29% Feb
28% Dec
94
38
42% Feb 24'
35% May 3.
45 Va
;
38%
125%
*125
81'/a
Jin
105%
$ per share
38%.
.
24'
90%
10% May 17
36
Lowest
*89%
29% May 20
19% Ffeb
6V2
.10%
2
5
13% Feb 11'
56
33
10%
23%
90%
20%
53%
28
118
9%
24%
9 '/a
27%
26
125%
700
9%
*89'/a
152
20%
54*%
9%
27*
39%
*148%
Shares-
8
78
26%
^> '•ioo%'- ioi%
58%
58'%
'
*7%
"76'
26%
89'/a
21%
8
26% "
*88%
29% * 29%
36
12 V8
152
*125
48 \r
25
x21
ioi%
.58
2
30% Apr 10
122 % Jan 12
25% Jan
24
21 Va Feb
100%
*7%
76
SaleY for
the Week'
8%
24%
%'
*38'.a
.
7%"
Friday v
May 21
$ per share
8%
8%
22%'
9
24%
26
*76
Thursday
May 29
$ per share
14'%* Jan 2
33% Apr 12
19
Mar
:
;
7 tit
7%.
/'•
8%
.'
89%;;,
27% Jan
2,
28% May 20
83 % May 20
2
Mar 22
11'4
8% ;
$ per share
78
9
26%'
*148%
57 V* Apr
>:
9% v
2'
12ft % Feb
27% Mar
7%
*76:
24%
*88%
Apr 23
8
$"per share
•
7Va
26%
13
Jan
21
Mir
121
*
Wednesday
May 10'
-May 18
78 •'*
24
:
22% May 21
10;
:'",
•
8%
*
59 V4 May 20
146 Va Apr 16
7
-
14 % Feb
Dec
20% Oct
9
May 21
X29 V» Nov
.31% Jin
'
5
14
V
SALE PRICES
Tuesday
>■ -
shclte
*76
10% May 21;
Mar 10
7%
.
a-
21% Feb
9
79 % Mar 22
14% Dec
tfan>
9%^ May 21
18% Mar
33
t per
7%- May 18
Mar 1611
x20
May H-
$ per shaft'
6% Feb
9% Oct
35% Jhn
-
6% Feb
73
Monday
*
Highest-
$ per share
Feb
-
Dec
"
Apr
12
V
4% May
22
10% Feb
100 Va
Dec
May
25
Lowest
Highest
Lowest
Monday, May :24, 1948
310
*12%
13%
400
yblume 16?
Number 4701
THE
COMMERCIAL-& FINANCIAL CHRONICLE
NEW
Range for previous
<
>
10
49%
:
14%
56/.
47% Jan
Feb
14%
13 %
13%
55
f
53%
/
27 V4
45%
45%
44%
45
:LeesV'(danlds) & Soiifc "Co cdiii.__l._3,
*25%
26
257/a
26
*96
97%
Lehigh Coal & Navigation CD
10
11%
Lehigh 'Portland Cfemeht—__
Lehigh Valley RR__
Lehigh Valley Coal com—
25
34
May 18
3.85%
9
7% May 15
'
.2
4
May 21
.
24%
5% Jan
19
cumulative preferred—-100
56
12
Feb
16 Va Feb
Feb
46
Apr
40%
Oct
96%
x48
82
•
Feb
14
8% Feb
10
37
Aug
Life
Jafi
8
174% Mar 30
47
55'% Mar 16
70
May 21
Link
Belt
28 Vi Feb
49
Apr
28
Lion
Oil
23% Jan
9
35 Va
Dec
30 V2
Jan
18
Feb
11
Mar 16
79 > Feb
84
13
201
Feb
13% Jan
2
27
Feb
15% Feb
27
57V2Feb
28
19% Feb
27
Feb
28%
Oct
21%
Jan
18
Jan
141
20
Feb
92
11
241/4
86%
86%
87 %
87
88
*86%
172%
170%
37%
170 V2
170 V2
13%
12%
69
68 %
68%
68 %
46 V4
47
44
20%
20%
20 %
20%
Jan
2
Feb
1,3
Lukens
o
Steel
A—
—
&
Forbes
preferred
Trucks
Madison Square
Jan.
,7
-
10
MaTacaibo
.
,
9
Oil
.Market St
102%Feb
2
;
•
ft 22% Apr, 16,
19% Jan. 16
Jan
;
26
;
47% Apr 20
91
May 20
91
May 14
85
112
Jan
Jan
_4% %
5
31
23
35 v*
23%
24%
38
37
*135
140
*135
14 Va
14 Va
14
23
22%
23
15
560
8%
12%
23V»
.
100
9%
12 Va
23%
coinmoha._
14%
*510
14%
560
12
22%
9 Va
9 Va
227/a
22%
23 Va
67'a
7 VB
25%
11
24% May 11
McLellan
19 Va Feb
11
24% Jan
7%
*16%
29 Va
29
29 Va
28%
29%
28%
99%.
99
99
99
27
21% May 18
80% Mar 24
9474 May 20
4V4%" pfd
36 Va Feb
27
44% May 17
4%
20% Feb
16
24
Jan
JO
11
19 Va
19%
18%
19%
18%
19 V*
*18»/4
66 Va
67
66
67 Va
25%
26
25%
26
36%
35%
36 Va
36
*172 Va
46 V*
90
*89%
91
89%
90
84
*82
*82
175
10
62% May 15
12% Jan
28
18% May 15
974 May 18
44% Feo li
88
Jan io
5%
*172'%
46 Va
25% May 15
43 va May 18
104 Va May 20
61
Merck
May 21
Mar 10
6
11
11
,
*
90%
90%
*90
90%
90
90
83%
16
May 10
13 Va Jan
21
99
Jan
2
98
May
78
Minn
May 17
103
Apr
16% May 15
111% Mar 1.1
119% May 15
42% Feb
11
Minn
11%
117 a
11'/a
117 a
\iv/a':
12
*40%
40'/a
40%
40%
*40%
42
110 v*
112
*1101/4
112
*110V»
112
36%
35 Va
*U0'/4
36%
17%
May 15
27
Jan
9
l5VaMay2o
28% May 15
22J/2
May 15
2?% May 21
28% May 21
108
Jan
14V4Jan
45
10
21
May 15
111
Jan
17
7
2
16
55Va Jan
Jan
42% Jan
For footnotes see page 28.
$4
5
May 19
I per share
Thursday
Friday
May 20
May 21
$ per share
$ per share
41
42%
*42
43
4174
42
41%
42.
1,200
30%
31
30
30
*29%
30
29 %
30
1,100
50%
51
2,400
*94%
96
50 74
5074
35%
100
50
36
35%
35 Va
50 Va
51 %
51
34 Va
35
3474
100
*94%
96
3 6%
100
35
*94 v*
8,400
24%
23 %
2374
23 %
2374
1,800
.10
*21
2274
22
22
21%
23
23
1,100
21
21%
4,900
20%
21 Va
*93%
94
94
94
94%
94%
*95
96
*43
44%
4474
4474
42%
43
43
43
700
2 3 7/4
23
23 Va
22%
2274
2274
23
5.40C
1
2174
22 74
2174
2174
19 Va
1974
6274
*60
17 Va
17%
18
18
18
18
10 Va
10 Va
10 Va
10 Va
10
10
*9%
10
common.——!
.1
57%
90%
25%
25%
43
5
*102%
pfd.100
1
58
*89
43
104
5
Petroleum
10
pfd
6374
M
A Vtc.
137 Va
15 Va
•
60%
61
89%
90%
2,000
200
24%
25
6,200
4274
1,700
42%
42%
104 v*
104%
*104%
17%
1774
17%
1774
17 Va
66 Va
43%
*136 Va
138
1474
1474
64%
43%
*136%
14%
43
65%
66
44 Va
44'/a
138
1474
15%
1874
67
46 V*
137
137
1
105
15%
No par
11%
1174
1174
11%
11%
1174
12
RegUl Com
3
pfd series A—._—100
5074
50
50%
51
5174
5174
5174
97
96
96
96
96%
95 Va
95 Va
-
No par
—
1
com-
setles
series
&
A—N£
par
No par
Co—_No par
B_
Lines
*118
10
20
—^.5
(John) & Co___-a---No par
l.—
'
16 Va
.No par
a—...
Ward
75 Va
102
!__Nopar
....
Power :Impl
65%
674
72%
75
74
75
74
75
*102
103
*102'/a
103%
16
15%
15%
15%
16 Va
15%
*
102%
103%
*118%
119 %
119 V*
119 %
119%
64%
67 %
6674
69%
66 Va
72%
6%
6%
6%
23%
119
6%
6 Va
24
2474
23%
2374
23%
41%
42
41%
4i%
41%
12%
12%
1274
1274
12%
27%
29
29
28%
29
6174
59%
6074
59 Va
60 %
.12
X27 %
61
■
■
4174
122
122
*118
122
120%
12074
11174
11174
64%
*110%
111
111
111%
6374
6474
64
64 %
1774
17,%
17 Va
17 >/a
1674
17 74
24
24 Va
24%
25
25
25
14%
1474
64
14%
15
2874
2774
277'4
28
2874
22%
22%
22 Va
22 Va
2274
_*
Corp common.
preferred.!
-.No par
!
4-.-:
common
preferred
preferred..
(F E)
A
Bros
.5
—II1
r100
Murray Corp of America
4%
1
•___
22 Va
22%
25 V*
*105
1274
4374
*111
23 Va
26
14%
23
26%
105%
*105%
12%
*13%
45
112
42%
*111
23
26%
107
1374
43
112
10
1574
16
50
4074
40%
*39
51%
51%
*50%
51%
2674
i_
1474
15%
2874
107
v6
42%
*111
13%
43
112
2774
2874
*106 Va
108 Va
13%
42 74
*111
*.
1374
4274
111%
5074
1574
15 Va
15%
41%
1474
41
Nonar
com
15%
23%
23
107
13
160
90
104
65
6.800
3,300
1,800
60
25
*42%
19%
62 Va
43
43
102 Va
44
;—100
19 Va
*61
90
25
*8874
25Va
19%
61 Va
60
58%
90 Va
2574
1774
No par
com
57 Va
*89
19 Va
28 Va
Myera
100
24
Motor Products Corp.——..No par
Motor Wheel Corp.j..
5
Mueller Brass Co
-a.-.1
4%%'
50
24%
*61%
Munsingwear Inc
Murphy Co (GC)
3,200
24
3
$7
Shares
35 74
35
19%
preferred
Mullins Mfg.
for
98
.
18%
Motorola Inc _..i
Sales
the Week
—_No par
:
preferred
Morrell
Wednesday
62%
Moore-McCormack
.'
397a
PRICES
36
Mojud Hosiery Co Inc_
.1,25
Monarch Machine Tool.
^_No par
Monsanto Chemical Co com
'
5
$3.25
39
19%
Corp.
Montgomery
39
98
Mohawk Carpet Mills..
6
112
38%
35 %
7
May 21
SALE
110V4
98
5
65
May 18
$ per share
,
38%
36
44
112% Apr
Tuesday
May 17
I per share
112
38
98 Va
Mo-Kan-Texas RR eom____.No par
7% prefei'rCd series'KL-i
^.100
May 19
HIGH
*110V4
*96%
series) —__50
$6.50 pref«rred^_.—.-1.
61% May 17'
122
May 15
AND
36 %
*35
6%.May 17
24% May 17
29
Monday
112
35%
3674
Mission
Jan
81
12 Va
40%
12 Va
96
72% May 21
12% May
81
83%
12
40%
35 74
—
Edison" 3.90%
conv
Moline
*81
9074
18
Minn Min & Mfg
$4 preferred
27
1074 Mar 16
'
92
9074
90%
62 Va
St P A SS
3.20%
82
82
46 Va
90%
*90
12 Vt
Minn-Honeywell
3
83%
175
35%
Minneap & St Louis Ry..—No par
2
56% Apr
*82
37%
172 Va
45%
91
90
*
2274
2174
Midland Steel Prod
.9 »/a Mar 17
45%
90%
267/a
36%
37 V*
175
45%
x26
1
Inc
1st
*172%
;
19 '/a
96
Co
4614 May 21
cum
,
43
*94%
Mesta Machine Co__
8%
66%
66
26 Va
90
I per share
cum
Mid-Continent
19
65%
100
186
*40%
12%
35%
preferred.—..No par
Merritt-Chapman & Scott___No par
May 10
18 Va
preferred—__50
ISt
Miami Copper-
139
' 36 Va
*99 Va
19 »A
18%
1
(2nd
Stores
Metropolitan
46 Va
;
29 Va
series) ___.-_.100
(1st
Co
46 Va
26
28 %
: 43
12
18
com
Co
18% Apr 20
69% May
7
45
5
&
$3.50
175
65%
16%
29%
*41 Va
Inc___-__3%
Merch & Min Transp Co new_No
par
90 Va May 21
13
Co
conv
37 8
.
8
16 Va
l
Corp..
(The) common....-
Mercantile
xl074 May 10
1774 Feb
Mengel
a
,
24%
7%^
;
16%
100"
•
19%
19
175
No par
pfd
*99
7% —7%
24
100
Melville Shoe
1974 May 15
52% Feb
2nd
100
19 Va
25 Va
*90
___5
Inc
preferred
Stores
23%
7%
45% ' 46
..No par
Mc-Quay Norris Mfg Go
Mead Corp common..;
12
23%
7%
24%
7%
__l
Co—..
Robbins
23
7
24
16%
Saturday
com
1874 Feb
&
23
7
24%
7%
*172%
-
Mclntyrfe Porcupine Mines
$4
11%
16%
May 15
McKesson
11%
7 Va
LOW
35% May 15
95% May 12
11%
;
10%
11 Va
"
10 v*
16%
j
13%
560
9>/a
7 Ve
w
24%
i
*510
9V»
16%
36%
<
No par
preferred
McGraw Electric Co——..
1
6%
24
\ 14%
13%
560
7%
.
No par
STOCK
14 v*
13%
12 va
23 Va
104
*102
24 v*
9%
12 V4
39%
14 Va
*510
'
26%
38 >/4
23%
14 '
14%
560
12 Va
8%
140
257/a
...
23
16%
99%
:
.No par
conv
Pub
14
*510
7Va
'
29
No par
McGraw-Hill
*135
*14
IV*
Par
15
38
139
*16%
>
-.100
;
-
23 \\
7
23%
5
Corp
3 % %
139
14 Va
227'a
14%
com____No par,
100
McCrory Stores Corp
*37%
103
14%
227'a
*510
1
...
103
*101
14%
EXCHANGE
14
37 ve
140
102 va
103
49%
•
97
227/a
25 Va
YORK
49%
34%
102 v*
*101
67 Va
NEW
49V2
34%
97
-
377/e
66%
$6"
48%
341/8
24%
96
37%
100,
Corp
Go
35%
19%
151 Va
*24
241%
37%
pfd.
preferred™——1st cum preference
49%
34
24%
'
151 Va
al51% .151%
'
37%
*101
5
preferred.
491%
35 Va
24
37 Va
No par
7%
24
13 va
19%
37 Va
.>.6.25
5
54% Mar 11
27%
•
37
l
Jan
88% Jail
67 >/4
27%
19 %
3G%
19%
McCall
May 15
52% May
30% Mar 17
27
66%
28
19'/a
;No par
$3i40cumpfd—__'___—..Nopar
36% May 21
23% Mar 17
27
66%
28
-
26 Va
19%
$3
9
10074 Apr
42% Jan
36% Mar 12
Feb
66 Vs
66'A
-
25%
$ per share
11
1274 Feb
20 va
26%
19%
Highest
11
19%
26
1
Ry 6% .prior
140
19%
Range since Jan. 1
Mar 16
22%
10%
*81
l
26%
Exploration—
preferred—
.
Maytag
12
Lowest
$ per share
35
80
21%
19%
23%
STOCKS
38 % Feb
821%
22 %
79 Va
22 %
82%
26
$3.75 cum pfd 1947 series-t-No par
13
41% Jan
129 Va Feb
21
26%
May Dept -Stores, common.
—8
$3.75 preferred
a—
...No par
12% May 15
43% Jan 21
Feb
20%
25%
,M^rtin (GlermJU) Co—
1'
'Martin.-Parryi.'Corp.-a-—No par
Masonite
27% May 20
37% May 19
176
13
20%
*80
38
*135
.Masfeier Electrip: <3Q_'—1
Mathieson Ohemicai Corp.
No par
-..
67% May. 15
'v
Feb
20'/a
5
common
Marathon .Corp——
Marine Midland Corp-
^29% Mav 18:;. i'-Marshall Field & Go
,
36
21Va
42 Va
■
.24
23
—
Manhattan Shirt
;
'May 20
'Apr
;',
94
47%'
49%
49
34 Va
t—100
.
new
Magnavdx Co (The)—a
-7% Ja.n 27
23%
*94 »/a
Garden—-aNo par
10
Magma Copper
149
24 v*
10
com—
;
Inc
150
*23%
100
Macy (R H) Co Inc com—
"474.% pfd series A—
May 15
149
Inc com..1
Co—
Mac Andrews
6%
;Sons
&
Mack
8
1474 Feb
46 Va
1511%
26
16% Feb
46%
151 Va
'25 Vi May 17.
Jan
70
45%
150%
100
Mahoning Goal RR Co——_
50
10Va May 21. ^'Maiiati Sugar Co_____
l
/12% May. 16 - .Mkndel Brosi—No par
45
69 Va
191%
525 % Apr 23
87
68
i
28%
15
Feb
67 Va
19%
*15% Apr 12
24% May 20
Jan
12%
28
EiectHc A__No par
Nashville
50
170%
42
13
66'/a
20
170 Va
44'/4
20%
62 %
87 Va
12%
69
47 v*
*80
377/a
86 Va
•
10 Va
*37%
.46%
68 V4
82%
170
52%
9%
441/t
46%
.
46%
*79
10
37%
87 %
170
13'A
*44
19%
*02% May 13
25
170
46
12%
3974 May 21
88
169%
46
26% May 17
•
51%
371/4
>
10%
23%
371/4
28%
uaii
*/'■
23%
51 Va
38 %
66 %
2*74
19% Mar 17
231/4
51
U9%
38
19%
pfd-series
24%
9%
;
.
38
28 Va
(M)
24%
:
10
66 %
40
Oct
_
52%
9%
66%
142
26'/«
23%
51 »/4
10
.28%
cum
16,700
53,500
24
24 Va
52V4
19 %
•4%%
7%
12
S6%
10
5,500
49%
11%
27%
LOwenstein
24%
70
18,000
4
3%
*32
11%
66 %
May 15
7Va
7%
11%
Corp..—No par
Long Bell Lumber A____
No par
May 19
7
3%
49%
11%
LOrillard
357/a May 15
7%
,
11%
19%
97
36
10%
28% May 15
Mar 17
35 v*
2,000
£■
55
38
Gas &
Oct
351/4
55
13%
-
35 Va
23%
23>/4
Hi
35 »/4
9%
47
preferred
12%
64%
19%
7%
98'%
12 Va
9%
21%
Louisville
26%
*97 V*
12
53%
9%
Cement
Louisville
26 V4
98%
11%
9%
19%
50
26%
*97 %
5474
13
common..—
26%
98%
11%
'*32
23%
2,800
,
'26Va
9%
23
Co
1,800
53%
19 Va
24% May 19
29%
23%
21J/4
(Pj
45%
7
19%
12
45%
3%
22%
Apr
45%
«
19%
Star
45%
.
21%
Lone
45%
3%
47
*
Ihc 1
2,900
7%
iNo par
Lbew's
120
287/e
*97V4
49%
20
38% Mar 16
101% Aug
24
14
52%
28 Va
26
«.
;
•
% May 21
h8%Jan
5
20
11
21 Va Feb
7'/4
3Va
*32
24
_.„.No par
;_No par
,
152% May 20
Feb
7%
13%
52
28%
10 Va
10d
Co
6
Jan
7%
5i%
Liquid Carbonic Corp com...No par
3%Vo ctrnv preferred"
—100
Lockheed Aircraft Corp__._._
1
23% May 10
Feb'19
53
7%
3%
13%
53
28 Va
11%
34%
_5
CD
Jan
29 Va
34%
13%
*51%
34%
26Va
34 %
13%
51 %
28%
45Va
>,
12
33%
Sharet
51%
97%
11%
___.No par
Ljnia-HkuiUtph Cotp
15
Apr
26
97%
.
for
the Week
f per share
56
25
com.
:v>;
12
Sales
Friday
May 21
:
10%
5
SaVers. Corp..'
Liggett & Myers Tbbacco
.1,7 fi preferred
2
47
May 20
28%
}
28'/a
97 %
*96
49%
,
137/a
Thursday
$ per share
10%
7
Lily Tulip Cup Corp—.
Dec
172
Libby McNeill & Libby_._.._
13%
52%
:u
45%
.
$ per share
54 %
Lerner Stores Corp-_-__.aw_k.No par
Libbey Owens Ford Glass—No par
May 14
13% May 17
12% Oct
79%
May. 20
.91
26
63
.109%
Mar 12
165% Feb
May 15
28
34%
.
24
non-ctim 1st
13s/e
*51%
11%
3%.'
*32
38% Jan
•
L
PRICES
Wednesday
May ll)
,
12
i
7%
1
24% May 18
buViJan
5
10% Apr 12
13
31% Mar 16
Jan
191% July
20
Mar 18
8% Feb
50
*
preferred.
50
$3
10% May 12
25
SVaPeb 24
14
-preferred—No paf
50c
non-«jum 2nd pfd——No par
Lehman Corp (Thd),_
—
x
Lehn & Fink Prod Corp
;
5
May"20
41% Feb
No par
common-.
8ALK
$ per share
27%
26% May 18
98% Feb. 4
•'
53%
28
12% May. 21
'
9
Mair30
59 Va
S per share
27%
Bryant
HIGH
May 18
*53%
6
k
AND
Tuesday
May 17
t per share
Noii-cumulative
11
Monday
May 15
37% Jan
.
4% Mar 16
19 %
Saturday
i
i
•
4% % ;praferredv—ai——50
Lahe-Wel.s Co cominon_____
1
Led ,ttubbtf ;& Tireliiaw.4--at.__
5
47
•
11
1% Jan
LOW
STOCK
Lane
23% May
31
Feb
10
30% Mar
YORK
EXCHANGE
'
14%-May 15
'
27
95% Jan
25
RECORD
53% May 17
27
27'/a May 12
35
Mar 19
23
■■■'■V
$ per share
9% Mar 12
Feb
Feb
NEW
Highest
>
I per share
$ per share
iMay
Jun
Range since Jan. 1
Lowest
Highest
% per share
STOCK
STOCKS
Year 1947
Lowest
YORK
*39V2
4174
5074
*30%
51%
180
24
(2268)
THE
,
COMMERCIAL
NEW
Range for Previous
I per thare
STOCK
Lowest
Highest
$ per share
I per share
NEW
Highest
Monday
LOW
STOCK
YORK
EXCHANGE
May 15
9 per share
Jan
5
National Acme Co
National Airlines
—
National Automotive Fibres
National Aviation
40
National Battery Co
National Biscuit Co
May 21
30% Jan
5
171
Mar 25
25
May 17
791
•43% May 15
9% May 20
13 % Jan : 2
10% Mar 15
13% Jan
2
24% Mar 17
29% Apr
8
14% Mar 17
20
Corp
ft
4
—10
common
preferred——
—
National Cylinder Oat Co,.,.—A
National Dairy Producta
No par
Feb
28
37% Feb
11
22% May 21
43 % Mar 30
National Dept Stores
National Distillers Prod
Nat Enameling & Stamping
11
20
May 21
National Gypsum Co com
1
ft May 21
% May 10
May 21
Feb
25
96 %
29% Jan
23
163% Feb
11
VXl74% May 20
134% Feb
19
147% Apr " 7
15% Feb
11
24 %
ft Mar 30
1
81 % Mar 10
22
Jan
?
2
May 14
Jan
•
2
25% Jan
10
24% May 21
85% Feb
16
94
Feb
11
t2
Mar 16
15
10% Mar 20
12% Jan
19% Jan
19
Jan
35
8
1%
10
36%
37
36%
37%
36
36%
35%
36'A
A >
•
IQft
B-.-—-—i—-100
1
< Nat Mai & Stl Cast Co—Nopar
•173%
175
♦173%
*173%
174%
Xl74%
*142%
145
142 %
142'A
142%
National
Lead
Co
common
1%
pr*f<»rr»H
S i69fc v preferred
-
National Linen
Service Corp
22
31% May 19
43% May 18
May 15
69% May
255
V
6%
24
6%
24%
1
,
-
\s
6%
23%-
Ifff
175
142%
142
23%
12
12
98%
96%
96%
24
24%
24%
24%
22
22%
22
89
90
27%
28
29%
13%
14%
14%
14%
11%
Con>_—
25
National Sugar Ref Co
_No par
National Supply (The) Pa com
10
4%% preferred-^———,100
National Tea Co
10
Natl Vulcanized Fibre CO
1
ll7^
*90
No par
Co
4%%
17%
18%
23%
91
29%
17%
18%
serial preferred—100
101
101
(J J) common—No par
34
34
93%
93%
conv
Newberry Co
3%%
1747/a
142
7
97'A
National Steel
preferred
lOp
20
New England Elec System—
26% May 21
" May
•
1%
Natl Power St Lt ex-dlst—No par
-
Newmont Mining Corp—
v Newport Industries common
4%% preferred
•
19%
96%
< New Jersey Pr & Lt Co 4*
23% Apr
23 % Apr
42%
18%
lft
12
55
21%
•41%
19%
Nehf Cogp..—par
Nelsner Bros Inc common
1
May 5
60% May 18
May
20%
41%
18%
96%
.ft
12% Jan
142
21%
41
19%
18%
1%
24
58% Jan
18
20%
42 '
20%
♦40
94%
96
Jan
28
20%
1%
Natomas
May 15
90
19%
13
27%
20y8
94%
hV
.
prexerrta
conv
26
May 17
104
21
42%
*12%
29 %
20%
21%
94%
2
May 21
19%
12%
19%
94
29% May 21
x22
Jan
20%
•40
12%
28
,
95
5
18% Feb
20%
•93%
Sa.oO
99% May 15
22
No par
No par
—1
12%
29
20%
No par
May 19
7% Feb
12%
29
5
Rights
37% May 17
6% Mar 13
Sharet
.100
Nat Bond St Share Corp
No par
National Can Corp
—10
National Cash Register.——-No par
Nat City Lines Inc.—... ———..1'
National Container Co—,—.....—.!
9% May 21
87
I per share
Inc—1
17% Mar 22
Feb
I per share
for
the Week
May 21
May 529
I per share
Sales
Friday
Thursday
1
11% May 18
18
PRICES
.j—1
—•
10 % May 20
15%
I per share
I per share
SALE
WednesdayMay 19
May 18
Nash-Kelvinator Corp
;—ft
Nashville Chatt «fe St Louls___100
May 15
29
AND HIGH
Tuesday
May 17
9 per share
18% May 21
27
Monday, May 24, 1948
,
RECORD
Saturday
YORK
STOCKS
Range since Jan. 1
Lowest
FINANCIAL CHRONICLE
&
„
.*94%
96
59
.1
11%
11%
*94%
58%
60%
24%
L.100
.-Newport News Ship Ac Dry Dock
.1
New York Air Brake
No par
New York Central—
93%
*92
11%
pfd—100
10.,
25%
25%
•86
*86
87%
-
11%
96
59%
26%
87%
30%
17%
65'A
67
•133%
134
N Y &
Harlem RR Co
19%
18%
19%
22%
♦22%
22%
*52
54%
*205
235
*205
*20%
55%
*205
17%
66%
134%
54
18%
23%
*54
18%
66
133%
30%
42%
,
54
19%
*21
_50
87%
42%
17%
.
26%
25%
*86
30%
65%
Mar 18
60
42%
133%
preferred---—No par
11%
96
59%
17'A
637/«
non-cum
93%
11%
30%
132%
$8
93%
*94%
42%
9% preferred series A
.100
NY City Omnibus Corp—
No par
New York Dock common—No par
'
34
43%
17%
N Y Chic St St Louis Co com—_100
3
34
31%
16%
4-
19
18%
101
42%
4
20
18%
30%
No par
17%
17%
101
220
235
•
11% May 14
30% Apr 24
93
Apr
20
19% Apr
10
87% Jan
22
10%
10%
10%
10%
100
29%
29%
30
30%
NY Power St Light 3.90* pfd—100
NY Shlpbldg Corp psrtic stock
1
92%
92%
92%
92%
18%
18%
18%
18%
NY New Haven & Hart RR Co_100
Preferred
N
series A
5%
Y State Elec St
Gas
253s May 17
5
Nopco Chemical Co
617/8 Jan
5
Norfolk
28% Jan
13
17% Jan
5
13% May 10
92% May 19
34 % May 14
26% May 15
90
Mar 19
17% Mar 20
27% May 17
40% Apr 24
7% May 21
13% May 17
31%
*26%
—10
Co
16%
North American Aviation
Northern Central Ry Co
Natural
Cum
1
50
Gas Co
Northern Pacific Ry
Northern States Pwr Co
10
100
(Minn)—
No pur
10
Int
♦87%
28
25%
90
pfd $3.60 series
Northwest Airlines
39
cumulative preferred
Northwestern Telegrapk
Tire
16
common
4.6%
Norwalk
Norwich
58%
Si Rubbes—No par
Pharmacal
Cu
6%
13
2.SQ
STOCKS
Year 1947
• per share
4
28
25
Ry com—
Adjustment preferred
Northern
24%
2.00
& Western
Range for Previous
Lowest
100
Noblitt-Sparks Industries
36 % Jan
American
Range since Jan. 1
Highest
Lowest
I per share
Sper share
NEW
Highest
LOW
STOCK
YORK
Saturday
EXCHANGE
Monday
May 15
Ohio Edison Co commou
4.40%
Corp
4%%
8%
32%
33%
33
97
97
96%
38
28%
37'A
*16%
ft
20
♦16%
17%
No par
31%
32%
106%
106%
106%
11%
pfd
common
convertible
Omnibus
preferred
(The) common
Corp
convertible
prsfsrrud
100
6
100
A
Oppenheim Collins
Otis
Elevator
6%
10
Owens-Illinois
10%
11%
97
98
22%
22%
No par
32%
100
common
♦149%
37%
I per share
33%
33%
98
98
98
98
98
38
-
37%
39%
33%
39%
*17
Lighting Corp
17
17%
17%
31%
32
33
106%
106%
106%
106%
*106%
106%
10%
10%
96%
22%
33
86
63
63%
*85
64
32%
33%
♦149%
152
20%
20%
*85
86
65
65%
ft
2ft
-moo
Packard
Motor
1
—10
Corp
Car
'
-
•
No par
••
•
'
;
.
Pan American
Airways Corp—2%
10%
Pan-American
Petrol
I
.19%
U'A
19 Va
Panhandle East Pipu L com—No par
57%
58%
4%
•
preferred.
Panhandle
Prod
Paraffine Cos
4%
Sc
„1
(new) .No par
preferred—
Pictures
Park St Tilford
Inc
Davis
St
Mines
Penick
Penn
Penn-Dixie
For footnotes
see
page
26.
Coke
Cement
♦102% 105
24%
25%
46
46%
]
3%
30%
3%
31%
2.50
29%
30
-
Corp
Co
No pur
9%
9%
ft
11%
12%
31%
31%
No pur
Enterprise#
(J C) Co
Coal Si
i
9%
26
Jfo pur
St Ford
Penney
St
100
—No par
Co
Transportation
Patino
9%
261
l
Parker Rust Proof Co
Parmelee
100
♦98%
1
Inc
Utah Consolidated Mlnee
Parke
IPO
Refining—.
Inc com
convertible
Paramount
Park
Ot Transp
46%
46%
10
7
12% ,12%
18%
19
97
♦22%
10
r
Oil
11
97
11%
96
♦22
Telep St Teleg common—100
Western
39%
17
Pacific} Tin Consolidated Carp—
Pacific
33%
100
31%
8G
Pacific
38
17%
No par
—No par
•
33%
*98
31%
12.50
Mills
33%
31%
preferred
Pacific.
*32%
I per share
17
20%
Pacific Gas St Electric——;
I per share
Friday
May 21
31%
*149%
Pacific
May 20
17
20
!
Thursday
30%
Jfo par
common
Wednesday
May 19
non-cum—No par
2nd preferred non-cum—No par
Pacific Finance Corp of Calif.
10
■
SALE PRICES
33
33
♦97
152
Pacific Amer Fisheries Xmo
HIGH
I per share
20
Glass Cu
Pacific Coast Co
34%
31
AND
Tuesday
May 18
2.80
preferred.
Outboard Marine & Mfg
Outlet Co
1
1st
♦
.100
Co
Oklahoma Gas & Eleo K%
Oliver
I per share
No par
preferred
Oil
May 17
9 per share
I per share
Ohio
11%
Corp—
$3.75 cumulative preferred
North
10%
22%
33 %
152
106%
106%
11
10%
11%
97
97%
96%
97%
*22
22%
22%-
22%
10%
32%
*149%
32%
152
32%
*150
33%
152
20%
20%
20%
20
20%
87% <>i
86
86,
86
86
65%
64%
65%
65%
66%
Sales
for
the Week
Shares
THE
Number 4701
Volume 167
COMMERCIAL
NEW
& FINANCIAL
YORK
STOCK
CHRONICLE
(2269)
RECORD
HIGH
AND
LOW
7;.';
SALK
PUCKS
Tuesday
Wednesday
May 18
Monday V
May 19
May 17
.
{
Friday
Thursday
May 20
May 21
5
*
t per share
I per share
*32V*
33
*32 Vt
t pershare
^
32%
32Vt
*111 %
19%
111%
19%
*lllVa
20 V.,
'.
33
*111%
111%
*111 %
111%
19%
19%
19%
19%
20%
21%
46%
47
116%
;
20%
21 Va
46%
46%
*115%
116%
*115%
*35%
36'A
*35%
*97%
98
7
17%
•
18
*28 Va
v
28%
102
17%
20%
20%
20%
21%
46%
46%
46%
46%
115%
35
98
116%
116%
18%
*17'A
18'A
18 Va
19'A
*96
18%
;
18% ; 7
.
28%
28
28%:
*28
•
34
34%
97'/a
1
97%
*28
>116%
34%
35;
116
97%
*96
K
18%
18%
19%
19'A
28%
*28
28%
103%
14%
.104 i:
14%
18
14%
18%
14 Va
19%
18
18%
62%
62
62%
62'/a
62%
62'A
63
56%
54%
57
56%
55
56%
14%
14%
14%
19%
19%
Xl8% :
62
63 'A
62
57'A
56%
57%
56%
18%;
18 •:
103%: 7s
103%
102
;r
19
19
-19%
*18%
19%
19
19%
20%
115
35
v
97 %
111%
111%
111%
19
34
*31
34
'*31
*46% / 46%
■
36
97%
$ per share
I per share
54%
54%
103%
103%
23 %
23%
54%
54%
103%
103% r
54'A
55
:
14%
X5S
103%
103%
103%
103% 103%
104
18'A
19
54%
104%
54%
*103%
104%
54%
*103%
•14%';147A
'
*23%
112%
99%
99%
107 Va
?
24'A
*111%
23%
24%
23
107 Va
*23%
23 Va
24%r
23%
'
*23%
.;;?f?Sill%:ail%->:^110%v:lll:%.i
99 Va
*99 %
107 Va
99 Va
107
107
7
100%
107%
23 Va
23%
24
24 Vt
237A
24 Va
24
24%
111%
111%
*110%
111 Va
*99 Vt
101
•100
100%
107 Va
107%
*107'A
107%
18 Va
18%
18%
18%
18%v 18%
19
19%
19%
19%
36
37 V»
36%
37%
36%
37 Va
37%
33
39%
89%
89%
*88%
89%
89 Va
89%
28%
46
*88
92
71%
16
110
*43
46
90
91
-
70
16
29 Va
*95%
71%
*14
16%
71%
: '
69%
*14
30 Va
'
30%
29%
95 %
99
;
•85'
96
.86%
,
90
71%
16
34%
100%
101
110
*106
13%
13%
88%
88%
X88%
31
31%
31%/ 31%
20
20%
20 Vt
*155
159
167
*163%
36%
37
88 Va
20%
160
*155
*163%
17%
9%
9%
17%
17%
18
♦157
7
167
.
36% 1.37%
9%
9%
157
157
178
92%
.92%:
80
*79
159
41%
41
*9%
10
„
.
23 Vt
23
*153
10%
45%
*89%
•
13%
13%
*10%
85
90
34%
101
*105
85
29%
*44
*14
34%
♦lOOVt
86%
46
89%
70%
73
34
99
*84
99
86
*44
*44'/a
*14
*95 Va
29%
86
86%
7
89%?
*95
96
*84
*89
*89
29'A
89%'
29
29%
*95
37 Va
*9%
9%
65%
64
38 Vt
38%
15%
15%
16
13%
13%
13%
,16%
13%
Va
11 %
11%
11%
63 Vt
65%
63
*/ 38%
38%
38'
15%
15%
)
16%
13%
13%
15%
13%
15%
13 Va
13%
13%
•10%'
11%
10%
IIV21
11 Va
11%
11
15Va
66
10
65%
37%
'
9%
*9%
63%
10
63
37%
*38
38%
765 V*
38 Va
33
33
33%
33%
34%
34%,
34%
35 Va
35'A
677/e
68'/a
67%
677/a
67 Va
67%
67 Va
67%
X67 Va
V. 25%
26%
25 Va
26 Vt
25
26
25%
25%
26%
677/e
27 Va
91
91
92
92
92
38%
38%
38%
38%
38 Vt
38
23%
24%
23%
23%
96 Vt
96%
96%
97
109 %
110
733
*90%
92
38%
38%
24
24%
*96%
110 Va
123
123 Vt
:
97 Va
109 Vt
<
139%
7
109%;110
123
-
...
123
139%
139%
139%
*90%
*23%
24 Vt
*23%
110%
110%
110'A
30 Vs
29%
30
50
29%
25
Range for Previous
< per share
I per share
7% May
NEW
10%
Feb
13 % May 18
Dec
80%
Feb
75% May 21
8%
Dec
15%
Jan
11% May 19
Dec 7
105% Mar
28% May
41
17% May
32% Dec
>32
16% May
7 37
33
'
;
38%
.
:
Dec
'
Nor
.
-
U
Feb
35
Ralston Purina Co 3%?«
>
May 17
23% May 14
36% May 19
July
.18% Feb
408% Mar.
46% /Feb.
*
45
Apr
15
18
>
27
May 21
Feb
105
'
25
May 21■
"
122%
122 Vt
123
139
139
138%
138%
24%
*23 %
24
*110% 111%
110%
111
29%
*29%
29%
48%
106%
30%
30%
49%
49
39 Vt
30%
40%
106%
42
106%
29%
29%
30
49%
39 Va
40
29%
AND
HIGH
Monday
Tuesday
May 15
May 17
May 18
f per share
Saturday
Radio Corp «f America com—No par
83.50 cony 1st preferred—No par
Radio-Keith-Orpheum
1
28
34% -May 15
32% May 15
39-
:
Oct 7
Map '
Jan
98
Dec
22% July
48% July
•
9% May
7'96
Feb
-
110
111%
LOW
STOCK
$ per share
68%
94%
YORK
EXCHANGE
Lowest
t per share
109 Va
*23%
$ per share
Range since Jan. 1
Highest
Highest
96
109 Va
122 Va
;
106 Va
STOCKS
Year 1947
Lowest
23%
95 Va
106%
31
31
Quaker State OU Refining Corp_18
4
May
38V*
96 Va
109
,
106%
30
*
23%
723%,
*110%
24
49%
35%
36
107%
23%
95%
7123
138%: 139%
30
48%
50%
35%
107
38
...
.
24%
110%
.122
91%
92
pfd
12%
100
72
10
10%
May 20
I per
Sales for
the Week
I per share
share
Shares
150,300
84,400
34Va
31%
35
22%
40%
35 Vt
14%
22 Va
40%
35'A
14 Va
*103% 109
I6V2
17'A
—_
7
$ per share
Friday
May 21
Thursday
1,400
10
98
34%
31%
34Va
.
Wednesday
May 19
13 '/a
*96%
98
*97
Raybe3to> Manhattan—
No par
-34
34 %
Rayonler Inc common
(
1
31%
32 %
$2 preferred
25
*31%
32
Reading Co common—
60
22%
23%
4% non-com 1st preferred
50
*41
42 V2
4% non-cum 2nd preferredSo
*35
36 V2
Real Silk Hosiery common—
S
»
14%
14%
7'7% preferred
L—s
——100 y *103% 109
Reeves Bro# Inc
^50o
7 16%
16%
Rels
(Robt) ts Co—
:7'
{ ■
$1.25 dlv prior preference
10 §v7Vll%
11%
•
72
10%
12 %
71%
10V8
13 Va
72
t per share
BALK PRICES
1,700
21%
7,200
34 Vt
34 Va
34%
34%
32%
32
31%
30%
2,300
6,900
22 Vt
*21%
21%
*38%
40%
36%
36%
35%
36%
14%
14 Vt
14%
15
*103%
109
*103%
109
*41;.
r
42%
•
17%
18
11%
12%
12%
400
900
1,900
14,600
.
~
:
12%
Dec
14%
Nov
14% Jan
20% May
10% Dec
29%
17%
Feb
25 JA May 21,
Feb
13% May 21
84%
Feb
62
Dec
>
64% May
7
4
12%
Dec
\
17
Aug
15 V4 May 21
96>
Not
*
102'
Jan
98
24% Jan
7 33% Oct
4% May
>
3%
9%
9% Jan
Dec
8%
Feb
Dec
rl5%
Feb
30%
Feb
7 22% May
'101% Dec A
113% May
May .7 24% Feb
191 ; Dec ,
110
Apr
8% Dec
11% Feb
14
7 19% :Jun 77739 / Jan
7 90>; May
124 iv? Jan7
5
Reliable Stores Corp.
.—No par
Reliance Mfg Co common
5
Conv pfd 3%% series
—100
9
May
36% May
'
45
7
85
16%
Dec
^,19 v, Apr 7
13%
Jan
23% May
5% Se|>
Feb
50%
May
;
Feb
44ya
Dec
104
>
Feb
25% Feb
8
Remington-Rand
84.50 preferred
29% Jan
7
Reo Motor# Inc
13% May
8.
11% May 21
30% May 21
106
May 15
21% May 15
96
8.
Apr
19
May 15
29% Apr
22
104% Jan
5
11 Va May 15
41% Jan
50
2
Jan
8
93 V2 Jan
20
24% May 15
18%
Dec
29%. May 21
Feb
24% May 17
7V8 May 21
10% May 21
/
19*
Dec
May 21
22% May 15
26% May 21
Sep
42% May
17% Deo
71
May 2i~
18% Jan
6
•
—60a
common
28
Reynolds Metal# Co
5%%
page 28.
15
15 Vt
27,900
15
14%
15
96%
97
97 Vt
400
25%
25 Vt
25%
26 Vt
26%
7,800
12
12%
ll7/a
;v5
12%
22,700
30,400
5,200
58,900
12%
11%
12%
4
4%
4Va
4%
*10%
10%
29%
20%
10%
10 *
29 Vt
105%
30%
106
'*'**
30
5
10%
10%
*106
U%
29 Vt * 30%
*106%
107%
300
20%
21%
19,300
92%
92 Va
93
108 i
Va
93
91 Vt
91 Vt
.8
7%
7%
7%
7%.
7%
7%
'28%
28%
28 Va
28 '/a
28%
100%
100%
102 Vt
102 %
101%
101-%
10%
11 Va
29%
100%
10%
39%
39%
27%
10 Va
10%
;
100 '
1
:
10
100
12,300
15,100
39%-
39 Va
46%
47
*46%
48%
92%
91%
92
91%
91 Va
24%
23%
24
2?%
23%
23%
24
23%
24%
25 Vt
29%
24%'
*23%
26 Va
24%
27%
24%
24%
24%
600
6%
6%
6%
7%
10%
25,200
43,200
*"46
25
"
25
—
^——18
180
11 Va
39 Va
39
48%
48 Va
92
Rheem Manufacturing Co—
1 k " 24
'
Richfield Oil Corp
No par
24%
Ritter Company
No par '
*24%
Roan Antelope Copper Mines
6%
Robertshaw-Fulton Controls Co__ 1
7; 9%
4%% conv preferred—
25 ;
24%
Ronson Art Metal Wks Inc
S
7*21%
Royal Typewriter—
1* 7 21
Ruberold Co (Tha)_
No par
67%
Ruppert (Jacob)
g
16
10%
170
91,200
7,300
92
39%
*461'
5
28%
100%
10%
.
92
39%
lo
series
'
W 90
20%
92
20
:>
5%
,11%
'
29 Va
28%
105%
20%
20 Va
21 Vt
4%
*96%
*91 Vt
Co;com v t c No par
Preferred series A 6% vtc_—100
see
63'A
.7 7%
(R J) Tob class B
Bt L-San F By
64 Va
97Va
12
-
700
1,200
*62 Va
13%
64
25
147/s
98
25%
106
25 Vt
13%
14%
97 Va
14%
25%
"
25
13%
13%
63Va
*97 Va
.
1,500
24
13%
*23%
xl3%
63%
100
Common
3.60%
12
23
13%
64%
2.50
convertible preferred
Preferred
12
23
24
com—No par
Reynolds Spring—
Reynolds
*63%
v
I
5%% preferred
RexaU Drug Inc
fft Joseph Lead
For footnotes
If
Rcpubllo Aviation,Corp
_1
Republic Picture# common
50e
81 convertible preferred—
10
Republic Steel Corp com—No par
6% conv prior pfd series A—100
Revere Copper ds Brass com—No par
5% May 20
26
18
'7
Apr
31
10% Mar
7," *23
k?;;-'i3%
11%
•
6%
"
•
6%
•
6%
9%
24%
9 Va
9%
9%
9%
24%
24Va
21%
24V2
21%
24
22%
21 Vt
-
10%
25%
21 Va
21%
22
25
25
26 Vt
22Vs
24%
68
6869%
68 Vt
69
16 %
16
16 %
16 Va
16%
21%
' >
21%
'26
83,100
2,600
3,200
11,100
71
69
15%
20
800
4,100
*
3,000
15%
1,400
25
ffejlNANClAIS^^
NEW
YORK
STOCK
RECORD
Range for Previous
8 per share.:
66
Dec
57
Dec
9-
Jun
80
Dec
108
Dec
*90
Oct
114% Mar
12
46%
Dec
92
Dec
90
Dec
*91
$ per share
*120
Sales
Friday
Shares
$ per share
*120
123
*91
for
the Week
May 21
May 20
290
123
93%
20
12%
88,800
12 Vs
11%
93
92%
11%
11%
12%
91 %
170
20%
13,600
91
20%
103% Sep
124
Thursday
91
95
.
11%
12%
110
11% Feb
55% Jan
49 % Jan
122 %
122%
*91
95
*89
'
122 %
125,
11%
98% July
26 % July
7% May
23% May
$ per share
$ per share
122%
Dec
12
.
Dec
x20
May 18
60 Va
SALE PRICES
Wednesday
May 19
$ per snare
Tuesday
May 17
68 Vt Deo
\
HIGH
Monday
Highest
$ per share
:
AND
LOW
Year 194?
Lowest
Monday, May 24, 1948
20%
20%
108%
110
12%
12%
93
11%
260
109
9,600
12%
105,000
32%
33%
33 %
35
49%
50
49%
50%
94
94
92%
92%
140
13% Nov
102% July
18% Jan
15%
15%
3,600
83% Dec
98% Mar
86%
86V2
11% May
24%
Feb
21%
22%
39% May
55
Feb
57%
58
1,200
17% Dec
23
Mar
19% Nov
43% Dec
18
2,000
53%
5% May
30% May
10% Feb
40% July
16 % Feb
5,000
30
-
11
Oct
6%
Dec
v
3,600
54
7
600
42
51,600
11 %
11%
8%
16% Feb
110
Jan
*97%
20% Apr
„
23,900
*6%
41%
16% Feb
10% May :
101
Dec
12%
4,500
1,800
8%
12,600
13
30
99%
30% Dec
24% May
40%
18
33% Jan
-
May
70
Dec '
14%
Dec
82
Oct
Feb
14%
14%
22
Feb
13%
12-%
*12%
35%
Dec
41 %
42%
42%
9% Feb
f» 1/4
6%
6%
21% Feb
11% Dec
24% May.
7
17%
10
"
6% May
14%
4
Apr
27% May
Feb
7%
41
Jan
34%
35
39
Apr
51
Feb
40%
40%
6%
14
May*
65
Mar
15
May
18% Dec
7%
14%
13
43%
6%
7%
6%
35
*40
35
,40%
28%
27%
28%
15412
155%
23%
23%
23%
32%
23
154%
22^t
33
32%
33%
27%
117% Dec
.
153
Oct
29% May
39%
Oct
35%
35%
35%
87% Dec
23% Dec
102%
Jun
89%
89%
88%
88!/2
35%
Jan
24%
24%
24%
13% Mar
17%
Dec
19%
20%
20%
100%
100%
100%
3% May
6% Oct
*24
5% Feb
8% Jan
,
6%
l' i\i
41%
4%
7
6%
7%
7
.
4%
6%
6%
%
%
l'l'fl
411'4
8%
8
*69%
28
21%
101
5
4%
6%
36%
72
4 28
?
..
;
29%,
28%
13%/13%
73%
73
22%
23 %r
24'%
24%
100%
100%
•
27 ?
27%
.
*89%
91
25%
27
96%
96
106%
108,
70
70%
•
4734
80%
46%
80
31%
30%
96%
96%
,
14%
13%
*42%
*40
43
40 5/8
-14%
14%
36%
36%
*93%
"94%
343/a
35%
15%
16%
17%
17
18%
18i%
14%
•
Range ^orPrevioui
Year 1947
Lowest
8 per share
STOCKS
/•
i
Lowest
pet share
8 per share
8
'9% Mar 16
37/8 Feb
LOW AND HIGH
NEW YORK STOCK
Range since Jan. 1
Highest
Highest
■
Saturday
EXCHANGE
per sliare
May .15
Par
8 per share
May 18
May 19
f per share
8 per share
10%
5'A May 17
11
5 C" '
:
5%
147/b Mar 16
19% May 21
18%
18%
52%Ffeb 14
643/4 May 21
63%
643/a
171% Feb 27
13
25% May 8
62% May 21
60'/4
61%
37% Feb 10
56% May 12
.47%
49%
Fefc io
4$%. May la
44%
; 45%
63
61%: 623/4
47
29
Feb
453/4, Feb
11
5
May 17
Mar 11
193/4 May 21
17% Mar 27
22% May 21
x93/4 Afcr 28
38% May 3
•123/8 Apr 15
8
14% Jan
393/4 Feb
see
11
6
page 28,
2i%; 2l*/z
;
11%
10%
11%
11%
*40 %
41
*40
*15
153/4
*14%
15%
-10
10%
10%
10%
-
47% Jan .'9
13% Apr 19
,
44%
11%
11%
233/4 Jan
19
85 ' Feb
l83/s
1734
10% May 15
Apr 30
,8% May 10
9
23%
15% May 21
Mar 16
7% Feb
19.
8
46% Jan
40% May 11
For footnotes
23%
22
22
10%
2
Jan.' 8'
*8%
58% May 15
58%
May 17
*92%
95
9%
58%
95
,
45%
45
'
/
,
j
21%.
57ts
*93%
i;
46
10%
*9
41
10%
22-
9V2
t
-
58%
96
SALE PRICES
Wednesday
Tuesday
Monday
May 17
H3/4May21
11,
14%
27'%
25%
$ per share
Thursday
May 20
8 per share
Sales for
1
the Week
'
Friday
May 21
8 per Share
.
Shares
Volume 167
Number 4701
COMMERCIAL
THE
NEW
Range for Previous
Year 1047
t per share
Lowest
$ per share
X'X.
7%
Feb
1% Mar 11
39%
Feb
19% Mar 16
29
18
May
25%
Oct
19'/a Feb
13
94
Dec
108%
Feb
95% Jan
2
15% May
40% May
10% May
21%
4 % Jan
17
Mar 17
23% May 21
Timken
Detroit
Mar 16
55
Timken
Roller
10% Feb
Jan
16
Nov
15% Jan
5'A Feb
97% Mar
15%
Dec
Dec
•33
Feb
16
36 % Jan,.
Jun
92
Jan
27
99
Feb
Nov
51%
Feb
24 % Apr
17'A
Oct
;
Tri-Continental
27
16
9% May
4
Corp
3%
3%
27'A
27%
700
,29,
30%
29%
30 ya
29%
30%
30%
31%
73,300
102%
102%
102 Va
102 %
22%
22%
23
<54%
•
21%
conv preferred
No par *
prior preferred—
No par
City Rap Transit com—No par
5% conv prior preferred—
50
14'A Jau\ 5
Twin
9% Apr
12
32% Jifn
Coach
Co—„—
22%
22 Va
54%
54
X: 13%
13
13?
>,
20%
18
20%
20%
20%
10%
9%
10%
101%
102
17%
9%
17
21 y4
10%
16%
16'A
16%
,16%
16%
24 %
23%
24%
23%
24%
35
35 VA
*35
99%
35%
35
100%
*97
35
28
28
12%
12%
7'A
13%
12,400
16
18%
44,600
21%
1,000
10%
115,600
10'A
10
102 y2
•102
,
23,500
-1 5,000
103
180
•
•15%
16
15%
lb'A
16%
16%
10,000
24%
.
25
24 y4
24%
24%
25%
36,200
35 y2
35 Va
36'A
700
36%
99
99
7%
*7%
7%
7%
28 %
*27%
7%
27%
28%
29'%
29
29'A
530
12 Va
12%,. 12%
7%
55
28
102%
7%
27%
1
10
36
*97
35%
*97
•?f
23%
54%
„
21%
102%
2,420
21
13
17%
102
102
103
13
54%
13
,
6,000
23%
54'A
21
<16%
20 Va
102
102
-~
13 '/a
-„
16%
Twin
9% Mar 16
102%
21
10
101
102%
23%
Fox Film com—No par
$4.50
6
21
-
19%
*20%
10%
101-
$1.50
5
May 19
7% Jan.,
19%
21%
10%
_—No par
.-—No par
preferred_____"_;
TrUax-Traer Corp —J
20th Century
1
common
$6
16% May 12
25% Mar 31
19
3%
26%
:
X53%
*20%
t per share
3%
26'A
22%
C
Shares
3%
3%
102%
Translie & Williams-Steel—No par
11
%
for
the Week
27'A
13%
Axle_—L
Sales
Friday
May 21
i
$ per share
3%
54
10% May 15
-
$ per share
*26%
103
13
104
30
102%
53%
12 % Mar 16
5% Mar
103%
22
19
,
*102%
53%
13'A
Jan
Dec
No par *
23
104 % Jan
'
Thursday
May 20
May 10)
25%
29%
12%
19%
Jan
7
28%
53%
Nov
23
29
22%
38%
Jan
28 %
5
7
48
34% Aug
93
Dec-
PRICES
Wednesday
/ ,v3%
/ 25%
,
27
22% Mar 11
2
SALE
$ per share
4
27
Bearing——No par
11
Feb
Feb
3%
29
23% Apr
22
7%
3%
28
JTransamerica Corp*.——'—-—,—2
Transconfl & Western Air Inc-.—5
May 21
13% Jan
May 21
112%
$ per share
3%
par
—No par
preferred—*_:
$3.75
6
44
22%
12%
May
Oct
27
AND HIGH
Tuesday
'May 18
£
'
103
Feb
20%
;
May 17
* Per share
'
Tide Water Associated Oil com—lo
Jan
14
com„_No
Thompson-Starrett Co
$3.50 cum preferred
53%
13% May
21%
6
May 15
15%
Dec
Monday
May 15
Par
31% May 21
5% May
RECORD
Saturday
'
,.
$ per share
May
99
EXCHANGE.,
27
(2271)
■
20
May
STOCK
LOW
t NEW YORK STOCK
Range sine? Jan. I
Highest
*
$ per share
3% May
YORK
CHRONICLE
STOCKS
Highest
Lowest
....
FINANCIAL
&
12%
12'A
12%
13
13
13%
14,600
7%
7%
28
,12
*99
100%
*98
100 %
.100
7Va
1,700
7%
U
12
Dec
15% July58% Feb
43% May:
9'/a May
15%
89%
115
91%
Dec
20
Apr
120
22
Apr.?'
164%
102
i
'
,r.^?26%"Jaftr:
/
:
3%
.
A *
r
^
'
X
41
.
10%
»'11V* May.
yV----33' "May.
•
.!
.
Jan
.:
Dec
.
■
.
5
-
Mar
8
34
;•
Feb
55
.
13
26
:
t
59% July
48 "
•
:
21
Feb
27
.13% Mar 16
Dec
3.7
Dec
„,
.'.,33%
<<
;
58 %
9%
35
"46%
27
20
97
'15% Feb
11
92% Feb
11
6
Jan
United
,
177 «. Mav
9
17 %
7%
May 14
7
74
42% Jan
5% Mar 15
8% Jan
Mar 16
36
.5
21% Jan
9
.7% Mar 30
2
Oct
39% Feb
16
53.
49
Jan
13
56
25% Feb
14
40%
Dec
60%
67
i
38% Feb
Feb
81
11
125% Mar 19
51% July
Dec
94?
£i87pFebi 6
Feb
165
38% May
j-
.
Dec
127%
i
41% Jan
66% Jan
Feb
Dec
150
Mar
129% Mar 16
i
Xl7%
Nov
23
Feb
17% Feb
38
Dec
48%
Feb
38
5
Jan
8
Jan
8'/a Oct
12% Feb
,57
:
96%
5%
«
Dec
109% Jun
Dec
10%
Jan
-May
4% May
29
98
3% Mar 17
5% Jan
Mar 13
34
Jan
16
Feb
19 Vs
11%
Feb
4
Dec
19
Feb
17
Mar
150
Feb
6
192
Dec
13%
Dec
29%
Feb
56%
Dec
91%
Feb
Mar 16
103A Mar.
Feb
56
$6
169
70
f per share
4%
cum
21-
21%
187%.
1-03%
103%38 Va,
'
88 *•'<
88
*20%
21%.
29%
30%
47,800
109 Va
1U%
30%
112
*
'/a
18%
89%
89
21%,
13%
20%
35
34%
300
90
13
2,400
19
21/
i3y4
13
1.3%
35.
34%:
35
:
34
•'
*32
4%
>-
4%,
51% '51%
3%
3%
46%
-
♦<if)
34
4%
-
.
4%
51%
3%
54
<
7%
'
28,900
1,400
80
8
80
"
80
42%
43
43%
43%
43%
*42%
57%
22
••
43%
58%
56
56%
55%
22%
22%
22%
22%
i9y4
19%
19%
22%
19%'
22
19%
32%
>29%
31 Va
30 Ve
r
30%
*177
:
30
19%
20
;
Va
4
7
*72
40 N,«
*39%
i
7
7%,
30
20
9%
20
76
.
.
.<
29%
*131V2
56 3/4,
205/8
20
*8%
51
51
55
55%
69
18%
18%
*42
•
5%
5%
11%
12'A
11%
*94
973/8
5Vs
32'A
18%
5'A
5%
32%
19'/a
7
*30
20%
>92%
20%
*92%
49%
49
47%
132
55%
67%
67%
68%
•
80%
4,300
8,900
16%
it *'73'^
16%
39%
39%
2,900
76
•
1,700
e%
7%
%
30%
800
20%
19,300
30
20„: y
09
9
51%
X47%
56
19
18%
19
42%
42'A
5%
5%
6%
12
11%
12 Va
12
97%
5%
97 Va
97 Va
*94
5%
18
7%
21
6Va
169
f
Xi
68
80 VA
79
139
2,400
19%
6,900
120
k
6Va
3,200
:
!:
6%
11%
11%
11%
12
8,800
97 Va
97 Va
97
98
600
5 Va
5%
32
18%
20 Va
13,500
C
30
30
18%
18%
18%
700
7 Va
7 Va
7%
15,400
20%
2,200
7
20 VA
20%
172
5%
5%
32
*17%
6%
*169
5%
*30
•
20 Ve
*169
20
172
14%
14%
15%
14%
15
15
68 %
*67%
68%
68%
68%
70
70
VA
*170
14%
*69
AND
66,000
43%
*42
14%
LOW
500
81
97'/a
.
200
172
10
15%
9,400
71
70
HIGH SALE PRICES
Monday
Tuesday
May 17
$ per share
May 18
22
21%
Wednesday
May 19
$ per share
t per share
-
Thursday
Friday
May 29
Sales for
May !»1
t per share
the Week
$ per share
Shares
V
Dec
Feb
22
13% May
14%
:i8%
:
14% Feb 10?
Feb
X'—
Vanadium Corp of
24% May 21
12% Feb
13
16
Van
15% May 17
21% Feb
——
26% May 21
•
Norman
Van
Raalte
America—No
Co—
Co
par
2.50
22
21%
21%
21%
21%
22
23%
24 Vs
6,500
15%
15
15%
15%
15%
15 Vs
15%
15%
15%
15%
15%
2,200
26
26
26%
26%
26%
26%
26%
26%
26%
26%
26%
800
22%
14%
Inc new———10
*25
23%
12% May
20%
Jan
12% Jan
2?
15% May 21
Vertientes-Camaguey Sugar Co—6%
13%
13%
13%
13%
13%
13%
13%
13%
13%
15
14%
15'A
20,000
26%
39
Feb
22'
Mar
3
29'A Jan
Vick Chemical Co
24%
24 7A
25
25%
25 7A
25%
25%
26%
26 V'4
26%
26%
26%
3,200
86
Feb
21
Vicks Shreve <Sc Pacific Ry com—100
92
92
93
93
*92 Vs
94
*92 Vs
94
93%
93%
86
Feb
13
preferred—X—10o
*93
95
*93
95
*93
95
*93
95
*92%
Works commonii-5
44
44
43 7A
44
*43%
45
*43%-
97
*95%
97
*95%
Dec
84
94%
Nov,
85%
Nov
85
.
Jan
50%
NOV
•
J12
May
87 V4 Feb
Feb
11?
14% Jan
Dec
121
Feb
34%
Dec
.45'r
Feb
Jan
30% Feb
1J9
35% Mar 30?
Oct
169?:
18
40
,31% Dec
31
Feb
Oct,-
38
Dec;.
Aug
?
33% Now
33%
Oct
Apr
Apn
Apr
75%
Feb
32
*
30
30
.
5%
6
Jan
Jan.
6
7
23
•<
3 % % cumulative preferred—100
Va-Carolina Chemical com—No par '
Virginia
115'/a May 11
21% May
8
38% May 11
-
V^irgipjap ttf-Co -cmnmon—
19
Apr 15
32% Jan 13
■>.
6%' preferred—25
116
18%
114%
114%
17%,
114%
18
21%
*21
*37
38%
*38
;33%
33 7A
*33%
34
Visking Corp (The)' -i_———5
Vulcan Detinning Co common—-2Q
7% cumulative preferred
—20
38%
63
*92
95
*92%
45
97
11%
44
44
44
,
97
*95%
*95%
12
ll7/s
118
*115%
119
600
18
17%
18
17%
18
13,400
114%
115
115
21
*20%
,;38
*37%
39%
*33%
33%
33%
33%
33%
33%
39
39
115
21%
38
38
39
32
97
11%
21
*30
*20%
12%
10,400
100
115
50
21%
38
33%
33%
1,500
*38%
.
38
39%
2,900
*38 VA
39%
32
*31
32
*31
31
*30%
31
*30 %
31
*62%
63%
62%
*62%
63%
15%
*15
300
32
*30%
32
30%
700
45
*115%
38 Vs
30%
60
95
118
21%
32
*30-
114%
94
5
38 Vs
*21.:
38'%
317A
31%
30%
.17%
114%
32
38%
38%
30%
*30
,
11%
*115
18
114
38%
■
116%
17%
%
*95 %
12
115,.
114%
21%
*
97
11%
12%
116
*21
.
129;
•
11%
12%
120
18%
$5? preferred!—<-,l—-^_a_—10Q(
Va Iron Coal & Coke 4% pfd—25
■5
Feb 10
"12 Va
Elec & Pwr Co com__IilO
r
.
34% May 3
39% Apr 26
32% Jan
5
28 Va Feb
*95%
*116
-
-
29
2.50
——
"May 10
18% May 15
10<
non-cum
Victor Chemical
2
12% May 15
7-
NOV;
107%
.
May
96% Apr
2
7Vs Mar 16
93
14
•
93
47% Jan
-
X Nov
16%
93% May 21
37% Mar 10
...
104% May
410% Nov
Dec
5% May
69
Feb
94 :
35% May
6
too
W
57
13%
29%
.
100
.
f
Dec
*17% May.
.
•
-y:
.
0
.
7% May
103A
Dect
88% Dec
.12
'
Deo
17% Jan
36% Feb.
*
109
60% Apr
14
.
X30
July
24%
Feb
19%
Feb
Wabash
8
Waldorf System
Feb
33% Apr 16;
8% Feb
{
106% Mar
18%
2
15% Jan
11
10% Mar 12'
.21
*; 15%
...
•.
May
Deci
.17% May
20
Sept
30
Dec;
10% Feb
10
36% Nov
25% Feb
5
10
27
Jan
23%
Feb
26%
Feb
41
20% Jan
16
■C 17
Feb
2
26
May 13
20% May 21
21% Jan
2
Mar 16"
24% Apr
Jan
3
30 % Jan
Knittirig
Wayne Pump
Wayne
2
•
•;
37% Jan;
63% May
21% May
Jan
»
Feb 10
52% Nov
39
Feb
11
90
Feb
80% Feb
13
34%
Jan
19% Mar
For footnotes see
page
28.
3
:
f6%sApr~
13
52% May 19
86% Jan
2
26% May 21
15%
15%
*15%
32%
32%
32%
33
>101%
102%
101%
102%
*101%
Li'£:
N
Corp
>
62%
*15
15%
15%
62%
*15
-
32%
33
32%
103
*101 %
103
>101%
26
,
32%
32%
800
15%
300
32%
1,900
'
Mills
X"' '
Indies Sugar
'
110
25%
26%
26%
27
X25%
•25%
27%
26%
27%
10,300
12
11%
11%
11%
12
11%
11%
11%
11%
11%
11%
12,100
15
14%
147A
14 %
14%
14%
14%
14 %
14%
86
86
86%
90
91
92
92%
93%
94%
94%
13%
13%
13%
13%
13%
13%
13%
13%
13%
13%
67,100
*31%
31%
30%
31
30%
30%
30
30
13%
30
30%
30%
31%
1,700
34-
34%
17,500
.
'
"I35f-
14% "14%
*93
94 "A
10,000
-•
340
33%
34%
33%
33%
33%
33%
32%
33%
26
26
26
*25%
25%
25%
25%
25%
25%
19%
19%
19%
19%
19%
19%
19%
19%
19%
20
20%
20 %
1,900
18%
18%
18%
18%
18%.
18%
18%
18%
.18%
18%
19
19%
2,400
27
27%
28
27
28
27%
27%
27%
27%
27%
27%
3,600
6
6
*6%
6%
6%
11,400
*25%
;
32 %
*25%
■
34%
26
500
y\»
Webster 'Tobacco- Inc^.-^—
5>
Wesson OH & Showdr com—Nopan$4 conv preferred—
No par
West
102
14%'
—5
'
*101%
26%
<
27
\
102
11%
26
new com:_3t<
Washington Gas Light Co
No par
Waukesha Motor Co__5
'
12%
15 %
32%
—.—No par
Warren Petroleum
v
•"••'.I
•% Deo?'
62%
% Ward Baking Co common.—
—t5% % preferred-——J_—10D
;
Warner Bros Pictui'es_—
—af
Warren Foundry dc 'Pipe
No par-
34% May 14
5
17% Feb
•-
Walworth Co
May 15
13% May 21
32
62
62 %
*14%
32%
—No par
_100
: Wttlkef JiHiramf) G & W-?.—-Nopan
15
May 15
94% May 20
X83% Mar 12
Feb
63
105
No par
preferred
•
27% Mav 21
12
RR 4%%
Walgreen Co common
'4% preferred-:
(
103%~ Jan 22
11
20% Feb
-
66
6
100% Apr 29
X18% Mar 17
Jan
13%
Jan
Mar 15
Corp—
'•atr;
1
-
5%
52
:
*83%
24
-
X
6
52%
5%
?
50%,
82
84
24% '
-
-'Or.
24%.
r
6%
"6% "
52%
83%
50%
52
50%
52%
52
82
83
82
82%
82
24 %.
24
24%
24
243A
24
v
:
7,500
139%
18%
42%
57
68
VA
139
19%
19J/a
42
56%
100
6 V4
6%
21%
169
16,700 -X
132
6Vc
*17%
6%
*20%
169
*30
,
tt
"
12
5%
5%
32
18
*129
68%
79%
138%
42%
,
56%
*67
69'/a
5%
500
10,600
',r"'
93'A
48 Va
47%
:■
3,700
37%
•92%
—
1
300
"
80'/a
18%
Va
56
48
132
139 »/4
42%
7,800
.
53
XX 56
VX:, 36%
55%
93
*128
79
5%
*31>-
*67%
-<:■
6%
36%
*92 >A
139
19
18%
14
;
r
34%
56.i;.
*67
80 V2
139
Saturday
May 15
$ per share
Par
'i;
24%
20%
*55
93
55 Va
68%
79
139
STOCKS
EXCHANGE '
"'
182
9% X. 9%
52
"■51%
48%
*130'A. 132
56%
32%
*166
14%
100
•'
108
*178
.
27,900
99% V...''
24
"
48%
132
*130
■■
20%
169
14%
31%
30
^ 20
34%
:v: 34%
93
6%
1
YORK' STOCK
34%
18 %
7
*166
55%
42%
18%
5%
*94
3,900
51,400
'
69
*42
42%
93
•
50 Va
139%
79%.
139
.,<
9%
»
33%
v
.6% I/
20%
95/B
50 jA
56%
56
70
*68
33%
*92%
48%
:
49%
"131%' 131%
56%,
22%
107
40%
*29.
301/4.
55%
53%
33%
:
50 V*.
53%
v
.*92%
-
19,200
56%
20%
*98
%
76
40
1,900
31%
16%
*73
6'A
29
*9
9»A
49%
49%
55%'
43%
16
43 y2
22%
182
-40%
6%
7VA
29
203A
29Yt
34
*178
90
9,800
20Va-
;
23%
? 107
5,000
24%
"
9%
33%
99
'23%
106
16%
'
49%
*97
23%
107%
16%
77
39%,
31%
181
*177
16%
.*72
39%
*96
-30 %
8%
80
'/a.
55%
22%
20%
30%-
.23"
181
56%
y4
19%
98
106%
106%
16%
76
39%
30
<
*177
17
r.
24
106
*71
77
98
23
24 VA
106
16%
17»A
*96
181
103%
180
"
98
23%
24'A
104
-
31%
*96
97%
39
55%
57%
,
r
39%
7%
com.No par
;
42 y4
19%
81
com
42%
22%
iW TVs
25
Universal Leaf Tobacco
24
57 y»
*72'A
■
;
No par
Universal Pictures Co Inc
24%
149,900
5,800
47 Va
8
80
„
230
52
47%
8
y4
140
Laboratories Inc,.—
47%
19%
800
28,300
.V3%;;::.3%-
.
80
43%
4,200
4%
*51a'a
X23»A
23%-
,5^00
34"
4%
-
2,700
14
35%
:
"33
4%
52
3%
7%
79
81%,
23%
80%
'.
com
47%
8
8
*79
v
(21
13%
45
34
i?
3%
47r' ■'47%;
47%
7%
8
79
23%
138%
preferred
4%
*51%
,
3%
3%
■
*32 •'''
4?4.
.
23%
23%
Paper Inc common—2
preferred
_50
..
900
35
21%
13
34
23%
103 Vu
conv
NEW
800
38 y2
;87%
:
23'A
-ilOO
preferred
104 y4
31%
19'A
31
1
4%%
104 y4
*38%
i8%:
24
No par
Universal
20!
41,400
104%
38 aA
29%:
>109%
18%
350
32%
187
3.8.%;
110
16%
897/8
186%
*103
30%
30
Ho
.
96l/a
31'A
187%
186%
13%
"46'/a
46
8'/*-
79%
*96
—50
-
S per share
t per share
*89
89
>50
3%
46
*
!
1
.
$ per share
*94
89%
30%
19%'
nbn-c 2d pfd__5
preferred,
—No par
Lowest
Highest
50
3%
22 'A
%0O'
Universal-Cvclops Steel Corp
Range since Jan. 1
Highest
Year 1047
96 VA
*89
*
56%
May 18
May
*94
'34'A,
34
4%
51%
r
'
10
common-
Corp common-:
United Wall
21
15% May 21
24
conv
450
31%
42%
R?f '& Min coral—50
non-cum
Range for Previous
Lowest
3%
45%
United Stores $4.20
7% May 21
23
Jan'
2
4
;
preferred
7%
71,400
89
"
19
•86
90
*32
4%
*49%:
-
—„\
1st preferred
U S. Tobacco Co
May 15
13
18
41%
41%
96%
•
*38%
29%
30«/a
'109% m
'
?:
41%
108'/2 109 >/«
108»%
41%
187
302%
29%'
110
20%
32
4%
tfnit^;:iStw;kyard»;.Cprpiw»^i^_2*,l
5
30
32
«"
series A——21109'
preferred
S Steel
7%
May 21
Feb
23%
Dec
7%
U
12 % May 14
Feb
163%
-
Jan
Co
non-cum
If: S Smelting.
8
„umraon.
prd
cum
Rubber
8%
6% May 21
52
...
16
U S
42% May 20
11
*101%
18%
13%
"•34?'y
34 y2
*54%
9
19% Jan
r
88
21%
14 »A
1
*8'A
21
22
*33%. Dec
20
Apr
2
93
108
30%
*38%-' 38
17%
34
A^._lNbpar,
-lass
conv
preferred-—l
3%%,
May 15
4% Mar 16
8% Feb
14
•-
U S Pipe & Foundry.—25.
U S Playing Card Co
^lo
W 8 Plywood, Corp common—v—1
:
,
mtrM
72
188
!
89
31%.
189y4l
38%
28 >A
110
18
•92
—10?"
13
140% Jan
10
Jan
P*rtte-&
7'
81
67% Mar 17
Dec
:
28%
21V*,
par t
Corp——10
preferred—
4%%
49% May 15
7
80
133
May
137% Jan
6
?
61% May
41%
*94
19,800
'
Improvement Co..—13'/a
U S Lines Co
37% May 21
103% July
38
% 109%
*88
®
U S Industrial Chemic«ls—_No par
U S Leather Co common
No par
May. 21
Jan
101%:
17
-
May 21
Feb
101%
17%
*177
9% May 20
73
101%
20%
109
4% %: preferred-,,-_i^_——100
?
7
Jan
188?
38 »/2
.U S Hoffman Machine Corp——5
.
-9
.
187
38%;
_100
May 14
33% Feb 24
46%
Dec
90
30%
190
*100%
,
U S Freignt ' Co—_No par
U S Gypsum Co common
20
6
39
May
Dec
23% May
,•
United Mevch- & Mfrs: toe com—111
May 21
11% Mar
17% Mar
cumulativetprefer^ed^iioo
.'
189
-5
Engineering: &. Foundry—__s
40 par
Fruitpai
United:
12
69% May
Apr
96%
*89
30%
,
39%
38%
.
108%;.
23%
24% May 15
108
53'A Feb
10;
.,
common___ 100
7%
32% May 15
Feb
170% Feb
24% Oct
,..
Dec
*94
30
7,500
■
•
40%
108
2,800
2,400
15
38%
15;
108%
96y2
*89
31%
•77%
■
'.92
Pstcif»c RR Co
U S & Foreign Securities——No par /
$4.50 1st preferred—-——No par
f^b(
26
41%:
108
*94 -1"
89'A
30%.
United Gas
16%
Nov
41.
41%,
108 a/4
90
96%
89
$3- preference_^'_li.^__-—__5'
May 17
Feb
39%
108%
*94
par ^
22% May 20
20% May 21
.
"9% Oct
.
16% Jan
-
:
' Jan- :* 5
Jan
94
5,% May'
25% Jan
:
series.^.—No
series—_No par
C?alifornia_ij—AU-,—>25
United CigrWhelan Stores coiri—30c
$3?5iQ convertible preferred——100
United Corp;common^——
—--1
3% May 15
47% Mu v 20
89
196% Mar
108%
10%
58
4,700
%0%
*107y2
United Carbon Coi—No par
United-Carr Fastener Corpi—No par
> Mar 23
'
Dec
71%
$3.70
$3.50
<>t
United Biscuit
United Board 'dc Carton
2?
43% May 17
10
20% Feb
-
par <
No par
1.
10%
58
14%
10%
: 57%
123% 125%
Carbon^—No
8% May 21
82% Apr? 22
24% May 21'
61% Mar 17
-
,
-
;4%' May., 15
•
May 10
2% Feb 11
4 % Feb
29
Jan
15 v4 Jan
t
'13%
37%
4%%
•35% May. 21
16% Feb -13
l?.%;rebv
Dec
'
Feb
?•
3
"37% Jan
;24%. Jan 1
171
.
6
.
-
\
*'
22?
.
'
: 15% May;
23% Oct
106
;
Jan
91
Dec
20% Oct
.12% May •:
86t
May" ; 107.% Feb
t
37%
•
12% May.
...
37
United Aircraft Corp common—5 •
6% convertible preferred-i.—^,100 t
United Air Lines • Inc common—_10
22
Jan
-
.40 si
Feb
20
..if
-.
10
46 :
143%,'Jan':
'3
„V
37%
m
90% Mar 22
:
Jan
44%
-
36'A
K% non-cum preferred^-100 ^
Union Tank Car—
—No par
12
,~29
19% Oct ;«
.
36%
38% May 11
26
77 Vs Jan
...
.Dec., J: '53% Mar
95 '
36%
Carbide &
Union
May lo
104% May 21
.11% Mar 16
4%. Jan
■"
15 '
37
Union. Oil
30% May 19
110% Apr 30
19% Apr 2
'
"5% Dec;
• 65% Dec
V
;
•x-i
57%
15%
36%
Preferred
«■
190
<27% Feb 20
83Jan
50:
Dec
.>■'•£ 2% D6C:
t
10%
58 »A
Preferred
24
6
.19
-
"
Dec;■
-.8% Feb
.
10%
58
,14%
New
--1
Jan
Jan
16
33% Nov-
v r-
Dec
,;f'
;■>
35
10%
15
Un El Co-Of Mo pfd $4.50 ser„ No par •
32% May 10
19
<22% Feb
Apr
J
■
Jan
105% Jan;
24%, Nov
\
X
Jun
90"-
31% Jan
Dec
v* 120%
11
58%
14%
Union
4
92% Apr
6
.96% Mar 18
'
28%
9
11
A
110 X Sep
•28% Apr
yfXas'/A. Sep.
:
Feb
Jan
152
Feb
'25%
v; Dec:
75
Dec
?•
Dec "
10%
58 >A
14%
-
-
21% Feb
-38%
Dec.
1-15%
•'
11
58%
14%
Bag- & Paper——i——No par
Union
.
41% May 17
109% May,
2
91
111 X Feb
ivV16% May,
■
Jsn:
;86-
Sep
:i Dec
27
10%
57%
14%
39% May 21
125% May 15
106:-
104Jun
•.
97%. Nov,,
.30
May
'
v:
106%
Dec
'85
10%
58 V*
14%
—.—1
Corp—J——No par
(The)_
Corp
Union Asbestos -& Hubber Cb—
;93 % Jan
Mar
-
10 y4
58
5
Udylite
15% May 19
.
110% July
Dec
'
2
Underwood
?
40% May 17
105
Jan
58% May 17
9% Mar 16
Oct
Jan.
30
Mar 16
27% Feb 11
Jan
37%
25% May
.45
6%
52%'
52
52%
83
83
83
25 %
25%
26%
6%'
7,200
950
19,600
tfl&R&Ki: E&ufeft."^sfi&ttssaaws
28
(2272)
THE
COMMERCIAL
NEW
Ranee for Previous
Year 1947
Lowest
-
105
Dec
Lowest
Nov
121%
Jan
Dec
112%
Jan
105
Dec
34% Feb
82%
14
22% Mar 12
Feb
28% Feb
11
32% Feb
13
25 V# Feb
11
85% Feb
11
91% Feb
29% Feb
Western
26
Auto
4%
6
,
Western
Western
May 19
38% May
5
32% May 15
series
3%%
11
Union
3.80%
cum
Weston
44% May 21
Westvaco Chlorine Prod—
Common X..
July
5
94% May 17
Elec
$3.75
27% Jan )7
11
24% May 15
18% May 10
107
May 16
90
Feb
90
Feb
6
34
Feb
27% Feb
26
29
11
17% May 14
12% Dec
9
Feb
May
$4
13%
Feb
64%
Oct
11
May 15
657/e May 15
j 17 ; Oct
Wilcox
17% May 17
99
Jan
88% Jan
20
Nov
19
19
Nov
35
X138
Dec
53
9
17% Jan
145% May
Feb
Jan
Wisconsin El Pwr Co
6%
13-
6.7%-Jan
45
Jan
16%
Feb
23%
46
14
14%
34%
33
34
33
33
35%
35
35
34%
34%
73
71
71
24%
24%
25%
13
July
21
19% Feb
Jan
11
5% Mar 16
Ex-5ghtsnd aske<* P«ces*»
Coro
4% %
The
italic
the
letters in the
column headed
"Interest
100%
100%
100%
*100%
100%
100 %
100%
*100'A
100 Va
800
35%
36%
36%
37%
*36%
37%
x36%
36%
36%
36%
1,400
42%
42%
94%
42%
43%
44
44%
1,700
94
43%
42%
42%
43
43
94
,,-i;
94
94%
93%
94%
105
*100%
49%
104
48
88%
*101.;
48%
88%
94'A
105
47
47%
Highest
Lowest
106.6
Feb
108 21
Feb
105.28 Mar 10
105.28 Mar 10
112.6
Feb
107.20 Mar 10
108.28 May 17
50'A
108.10 Dec
108.16
87'A
88%
87%
88%
88%
88%
87
26%
*25%
26%
*25%
26%
87%
25%
87%
25%
25%
*25
400
I
23%
23%
23%
24%
23%
23%
23%
23%
23%
23%
10,800
f
18
17%
17%
16%
17
16%
17%
16%
17%
17'A
18
11,100
,t
♦101
106
*101
106
29
29
29
29
*28%
17%
17%
16%
17
16%
1
10%
*101
105
29
29
29
*28%
29%
*28'/2
29%
300
17%
16 Va
17
16%
17%
16%
17%
8,500
54,300
*101
*85
10%
10%
10%
10
10%
65%
64
64%
64
64
64%
64%
16%
.*
16%
16%
17%
167/s
17%
17
17%
88
■
16 V#
*85
16%
10
17
16'A
17%
♦132
1351/2
9%
89
*85%
16%
16%
*132
89
16%
17
16%
16%
10
16%
105
10%
10%
10%
63%
64%
2,000
17%
17%
17%
49,300
87
*85%
16%
16%
*132
89
*85 %
16%
17'A
16%
135%
*101
64%
17
17
16%
*132
135%
105
*63%
87
*85%
16%
16%
*132
135%
May
Feb
104.24 July
104.14 Sep
Dec
101.26 Deo
101.24 Dec
114.8
135%
104.12
Feb
34
33
33
33%
33%
33%
33%
33%
33%
33%
34
47%
47
48
47%
48%
47%
48%
47%
48%
47%
47%
13,500
243A
25%
24%
25%
24
25%
24%
24%
24%
24%
24%
25
15,400
104 24 July
104.23
Apr
100.24
Jan
100.23 Jan
101.24
Dec
101
Dec
103.20
Dec
Dec
Apr
7
28
100.25 Jan
7
100.26 Apr
2
101.7
May" 19
101.7
100.8
Mar 12
77
77
78
78
78%
77%
78%
500
,94
94
94
93
93
91
92
91
91%
92
92'A
780
♦79
82
*80
82
82
82
84
84
84 %
84%
84'A
84%
70
!
66%
65
65%
65
65
65
65%
1.700
!
11%
11
11%
10%
11%
10%
11%
9,000
31%
31%
32%
*77%
65%
65%
65%
66
10%
10%
11%
31%
31%
X66%
11
32
31%
32
13%
14%
13%
14%
14 %
43%
44'A
46
45
31%
14%
43%
45
*21
77%.
77%
•
31 %
31%
77%
78%
May"19
15 %
15%
15%
16%
45*
45%
45%
47%
103.19
105.18
Apr
Sep
Dec
100.8
Jan
6
100.20 May I9
—
100
100
Mar
Mar
4
2
100.4
100.2
May
Feb
3
11
,
;
101.10 Apr
1
101.13 Mar 22
20%
20%
21%
21%
21%
21%
21 %
21%
21%
21%
2,200
82%
80%
81 'A
79%
81%
79%
80%
79%
81
79'A
81%
Mo par
14,800
18%
19%
18%
19%
18%
19%
18%
18%
18%
19
19'A
19%
5,400
27
27%
26%
27%
26%
27%
26%
26%
26'A
26%
27
27%
5,900
6
6%
6'A
6%
6%
6'A
6%
6%
6%
6%
18,400
s Special Sales,
wd
6
a Name changed from Pentt.-Central Airlines Corp.
r Cash sale,
'
6%
New York Stock Exchange
WEEKLY
\xtr
I
footnote
in
each
in
r"
-
t
>
,
.'
>
YEARLY
-
^
the
case
week
,
^
Cash and deferred delivery sales
are
j,
T,
.
disregarded in the week's
which they occur.
No account la taken of
the. month when the bonds mature.
In
after decimal point represent
one
or
more
32d of
a
BONDS
Saturday
STOCK
Monday
May 17
May 15
Low
Low
High
High
-
.•
range,
sucn
sales
-
,
unless they are the only transactions of
computing the range for the year.
in
point.
Tuesday
May 18
Low
High
AND
HIGH
Wednesday
May 19
Low
High
!
,E
PRICES
Thursday
May 20
High
Low
Friday
May 21
Low
High
*104.30
105.2
*109.12
109.16
1958-1963
*109.20
109.24
♦109.28
110
*109.26
109.30
*109.30
2%s
1960-1965
♦109.28
110
♦110.6
110.10
*110.4
110.8
*110.8
110.12
*110.10
110.14
*110.14
2%s
—.1948
♦100.17
100 19
*100.17
100.19
*100.17
100.19
*100.17
100.19
*100.17
100.19
*100.16
100.18
2%s
1949-1953
♦102.10
102.14
♦102.11
102.15
*102.11
102.15
*102.11
102.15
*102.11
102.15
*102.11
102.15
*103.11
103.15
July
Dec
102.30
Dec
*103.10
103.14
*103.10
103.14
*103.10
103.14
*103.10
103.14
*103.11
106.6
*106.5
106.9
*106.2
10G.6
*106.2
106.6
*106.2
106.6
*106.4
*108.28
109
108.28
*109
109.4
*109.4
109.8
*109.4
109.8
*109.6
109.10
*105.2
105.6
*105
105.4
*105
105.4
*105
105.4
*105
105.4
*109.18
109.22
*109.16
109.20
*109.20
109.24
*109.20
109.24
*109.22
109.26
*110
110.4
Apr 16
*103.10
103.14
♦103.11
103.15
*103.11
103.15
*103.11
103.15
*103.21
103.23
*103.18
103.15
103.20
*103.11
103.21
*103.20
103.22
*103.21
103.23
*103.20
104.17:
♦104.25
104.27
*104.21
104.23
*104.24
104.26
*104.24
104.26
*104.23
104.25
*102
102.2 *
*102.4
102.6
*102 4
102.6
*102.8
102.10
*102.10
102.12
*102.11
102.13
1963-1968
*101.17
101.19=
*101.19
101.21
*101.19
101.21
*101.23
101.25
*101.25
101.27
*101.26
101.28
2%S
—Jun
1964.-1969
*101.4
lOl.fff *101.8
101.10
*101.7
101.9
*101.14
101.16
*101.15
101.17
*101.16
101.18
Dec
1964-1969
*101.3
101.5*101.7
101.9
*101.6
101.8
*101.12
101.14
*101.13
101.15
*101.14
101.16
*101.10
101.12
*101.2
101.4
101.7
*101.5
101.7
*101.12
101.14
*101.13
101.15
1966-1971
*100.31
101.1
*101.3
101.5
*101.3
101.5
101.7
*101.11
101.13
*101.12
101.14
2%S
—Jun
1967-1972
€■ *100.16
100.18
*100.19
100.21
*100.18
100.20
*100.25
100.27
*100.26
100.28
100.27
2%s
2%s
Sep
.Dec
1967-1972
;?• *102.16
102.18
*102.25
102.27
*102.21
102.23
*102.26
102.28
*102.25
102.27
*102.26
102.28
1967-1972
*100.16 100.18
*100.19
100.21
100.18
100.18
100.20
100.20
*100.26
100.28
*100.27
100.29
2'As
1951-1953
*103.27
*104.1
104.5
*104
104.4-
*104
104.4
*104.2
104.6
2%s_L
1952-1955
*102.22
102.24
2%s
1954-1956
2%s
1956-1959
1965-1970
•_
2'As
*101.5
103.31
*102.23 102.25
*102.20 102.22
*102.22
102.24
*102.22
102.24
*105,12
105.16
*105.16
105.20
*105.16
105.20
*105.18
105.22
*105.18
105,22
*105.22
105.26
102.28/
*102.27
102.29
*103.3
103.5
*103.6
103.8
*103.6
103.8
*103.5
103.7
Jun
1959-1962
2%S
Dec
1959-1962
2s
Dec
1948-1950
2s
Jun
1949-1951
2s.;-,.
Sep 1949-1951
*101,3
101.5
*101.4
101.6
2s^_i_,__^>Dec 1949-1951
*101:7
101.9
*101.8
101.10
*101.12
101.14
*101.14
101.16
101.18
*101:18 101.20
*100il0
100.12
*100.13
*100.13
100.15
100.23
*100.21
100.23
*100:30
Mar 1950-1952
100.12
*100.21
101
*100.30
101'
J *10lil6
*101.25
101.27
*101;23
101.25
*101.27
101.28
Jun
1952-1954
*101;25
101.27
*10i.28
101.30
2s._
Dec
1952-1954
*101.25
101.30
1953-1955
Treasury
100.20
Oct
Treasury l3As
Treasury l%s
101.27
*101.28
*104
104.4
*104.4
1948
*100.3
100.4
*100.3
100.4
1950
Treasury 2s_—
*100.15
100.17
*100.16
100.18
104.8
International Bank for
Reconstruction it
No sales transacted this
101.29
*101.26
2s
Apr
•Bid and asked price.
100.15
*10010
;•
1'V*-'S;j;
101.28 July
day.
ja
Development
10-year 2'As
;
1957
25-year 3s—1972 :
!'■.
!'
104.4
100.27
*102.19 102.21
2%s
2s—.
*104.1
101.7
*102.26
-
1951-1955
'.;Vv-''
103.22
2%s
1951-1953
'
110.18
1962-1967
2%s
100.30
I
110.2
♦104.15
.Sep 1950-1952
:
*109.30
106.8
*10349
Treasury
10i.l5;May"u
110.2
-
>
99.20
99.20
'■ !'
Odd lot transaction; "y Reglstered^tjohd transaction.
1
'
8 ales for
the Week
Bonds (t)
103.15
1952-1954
Treasury 2s
101.14
108.28
1950-1952
Treasury 2s„
Treasury
Apr
101.23
103.14
*106.2
1956-1958
■
101.20
*103.10
1955-1960
2%s
2%s
2%S—
2%s
2s
1,300
21%
1956-1959
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
19,300
81%
1951-1954
2%s
6,200
'
'
15
46
14%
*45
1949-1952
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
100.27 May 21
Apr
101.12
101.11 Jan
105.17 Jun
102.24 May
102.24 May
102.12
7
MarlJ
104.18
104.4
104.10 May
104.15 Apr
105.17 Jun
101.11 Jan
Feb
i
♦91
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
2
2,700
100
No par
Treasury
102.22 Feb
19,300
34
2%s—
Treasury 2%S—
2
2,200
17
134
46%
31
Treasury
102.22 Feb
i
-.w
16%
16%
*132
.1951-1955
May
190
26
105
11
65
10
♦101
,
Treasury 3%S—
Dec
»
7,600
25%
Treasury 3s__„
Treasury 2%s__
106.13 July
280
106
Treasury 2%s
111.23 Sep
106.13 July
1
17%
EXCHANGE
Highest
94%
1
49
48%
1
-•?,
YORK
*102%
107
47%
;
140
24%
10%
FRIDAY
NEW
94%
94'A
*102
47%
.
Mo par
GOVERNMENT
Range since Jan. 1
37%
94'A
106
*101'A
48%
r
Previous
1947
Si
23%
1
indicate
'?
*93
25%
—No par
«»
Figures
37%
100
ssrlss
Radio Corp
Products Corp
Pericd"
56,400
93 '/a
100%
series
a
32
93 %
35%
Mfg Go
in
24.500
31%
94
35%
•
♦41
Zenith
shown
37%
31%
94
100%
Zonite
are
37%
30%
94%
*100'/#
Youngstown Steel Door
regular weekly range
37
31%
94%
—*
are "and interest"—except for income and defaulted bonds.
of
38
30%
31%
eoaa_
no sales on this day. tin receivership, a Deferred delivery,
outside
37'A
25%
25%
.
37%
No par
V'1
21.400
26
37%
common
'j
100
25%
24%
94%
82% May 15
'
2,800
4,300
30 Vs
preferred—......50
Young Spring & Wire—Mo par ;..
Youngatown Sheet Si Tube
No par
'
N°^ICE—Prices
and when
week,
34
36%
70'%
25%
72
38%
cum
Bond Record
33%
34%
35%
*68
31%
27% May 18
6% May 19
15% Feb
65% Feb 27
10%
Towne
*
York
25%
35%
:
*68%
33%
33'A
0
71
:
8,000
95'A
19% May 17
Oct
Oct
14% Mar 16
Tele
2
33
34%
*69
x
18,500
31
common
conv
33
34%
71%
24%
___20
.
pfd 4%%
*69
9%
94%
38%
31%
—100
Prior pfd iVi%
34% Jan
Feb
25
102.4
45%
14%
10%
94%
preferred
Prior
16% May 21:
47% May 21
21% May 19
27
83
101.7
10
46'A
13%
No par
Wright Aeronautical
Wrigley (Wm) Jr (Del)
Wyandotte Worsted Co—
10% Feb
38% Mar 13
21%
100.7
10
44%
.13%
24%
12.50
——...
New
27% Feb 21
50% Mar
101.27
10'A
45%
13%
35%
Woodward Iron Co (new)
1$
Woolworth (F W) CO——i.—10 Worthington P & M (Del)—
34 " May 15
48% May 18
11% May 18
104.12
10
44%
14%
33%
5
Wilson-Jones Co
i
10
44
32%
..
8
Jan
12,900
9%
♦71
$4.50 conv pfd series A
No par
Wilson dc Co Inc com—„No par
$4.25 preferred
——No-par
21
■{
38 %
com.
Motors
70
94%
Co
Willys-Overland
110
100
com
preference
Oil
*108%
100
preference—
conv
Prior
6
107
13'A
88%
20
108
2,600
43%
48'A
27
*107%
48
10%
♦100%
Feb
108
47%
260
4,100
i 17%
14%
100
Feb
47%
/
43%
No par
9% Feb
48%
111
•
8%
$5 conv prior pref—j^i^No pax
White Dental Mfg (The S S)___„20
White Motor Co—
1
White Sewing Machine com——1
Feb
48
108
"f
17
13%
Wheeling & L Erie Ry
Feb
49
<
42%
May 7
50% May 21
Feb
17%
111
108%
18%
48%
107
17%
17%
48%
18%
-
110
106 %
111%
111
18
48%
70
120
106%
107
;
8%
92
Wheeling Steel Corp
:
34,100
110
117
14%
Mar 18
jv.5
107
"
|
Shares
18 7A
110
*116%
43'A
Mar 16
Jan
117%
13%
Jan
May 17
84% May 21
114.8
8%
111
18'A
18%
110'A
112
*110%
the Week
$ per share
•
42
•
Oct
100
107
18
48
107"
Dec
5
"17%
48%
*10G
..No par
No par
preferred
*110%. Ill
17%
43%
,
110
Sales for
No par
12%
Instrument
.
94
Sep
111
106)
pfd series A
pfd series B
cum
37% May 18
25% May 15
81% Feb
4
Dec
110%
Teleg class A_No par
7
17%
15% Dec
106.4
111
112
16%
ICO
16
29%
Oct
31 % Dec
43
May
104.25
107
^.No par
com
Westinghouse Air Brake
Westinghouse Electric com_
95% Apr 23
100% May
4
34
136
Lowest
106%
53%
Jun
Y«
106%
18'A
*116%
117%
76
10% May
88% Dec
Range
116%
106%
117/;/ 117%
106% 107%
100
A
t per share
110%
110
'
Friday
May 21
May 20
18%
18%
110
117
101 % Mar
6% May
51% Sep
me
RR
Pacific
Preferred
18%
110
117
107
"
_10
Dec
C% May
th
Co
102 %
26% May
19% May
*9% May
84
July
29% May
y
Supply
Maryland Ry com
non-cum
2nd pfd
Thursday
,,n
tper share,
117%
—1
Western
1&%
.
101
*1103A
ss:
s
43%
Dec
16
18% Feb
May
Air
Wednesday
May 19 ,v?/
107
*
100
pfd—
Tuesday
j'-May 18
117%
100
Lines Inc
Western
36% May 21
72% Jan 15
5
Dec
May
;
361
11
Mar
Aug
62% Mar
31
90
64
106% July
55
Jan
Dec
18%
18%
f109
100
■
4% 5if', preferred—.
10% May 18
46% May 20
14% May 7
7% Mar 17
Oct
18%
West Va Coal & Coke„_^_—. —5,'
West Va Pulp <fe Paper com
No
Dec
Sep
t per share
la#
.._.i-i«.'LNo par
preferred
preferred—....
West Penn Power 4%%
100% Feb 25
Mar
Monday
May 17
$ per share
•
17% Apr 23
49
May 18
108% May 20
31
May!
(The) «iNb par
Co
111% May 20
105
Nov
26
Saturday
"May 15
16% Apr 20
38% Feb 14
Dec
38%
Monday, May 24, 1948
RECORD
f per share
11
Jan
26%
Dec
30
6%
9%
Dec
94%
1%
32%
17
May
27% May
22% May
Elec
Class
13
2
90
STOCK
'
23
6% Jan
42 %
YORK
EXCHANGE i((>
"
West Fenn
108% Jan
75%
Dec
18"% May 15
110% May 20
117% Jan
Jan
65
STOCK
Per
15
105% Feb
iJan
May
9% May
26% Dec
88
13% Apr
NEW
l
,
103% Mar 29
10%
4
"
13
104% Mar 16
xl
Oct
113
5% May
38% May
YORK
9 per share
:
116 % Aug
47
Highest
f per share
117 Vs Mar
112%
103%
May
'
flnoelaii. 1 y
Highest
13% Feb
~32%
FINANCIAL CHRONICLE
STOCKS
■#■ per short-< per share
106% Dee
&
2,000
.
;
/"
•^Friday -'•••
Interest
■■?/
Sale Price
or
Friday's
15id «fc Asked
York
New
Unification
City
High
j; No.
5
BONDS
*' *
Range Since
SADenmark 20-year
r.
——1980
105%
100%
125
-103% 106
—
Interval
"/
extl 6s
>
Period
Week's Range
Laa|
Sale Price
Bid A Asked
107
El
Salvador
82%
83%
29
68
74
72%
74%
14 v
59
A-O
90
67%
66
67%
64%
82
67
67
-iv
J-J
Jan 1, 1976
-1967
M-S
A-O
Irish Free State extl
1960
M-N
1977
J-J
f 5s
Italian
(Republic) extl
Italian
Credit Consortium
-Public
Wertheim & Co.
120
REctor 2-2300
5 A 7s
12380795642
F-A
1948
A-O
M-S
6s
of Norway)
lAAntioquia
(Dept)
f AExternal s f 7s series B__—_1945
f 7s series C__
1
1957
7s 1st series
65
92%
3lVa
40%
33
40
31
40
6
40
—
33
40%
—
33
—
2
33 Ya
33%
34
33%
33
»
A-O
33
—
32
1
f 7s 3rd series—1957
(City) external 5s——1958
(Commonw'lth) 5s of '25-1955
10-year 3'As
1956
10-year 3 Vis
1957
J-D
87
87
87%
12
73
99%
98%
99 Ya
215
97
F-A
91%
90%
92Y4
43
87%
91 %
20
87 %
„
_
15-year 3%s
Belgium external
External
s
External
s
fABrazil
(U
f
6s
f
7s
S
of)
33
33
33
33%
33
33
J-D
I ATreasury
40%
s
f 6Vis of
86%
86
87 Ya
39
85
86
86
87 %
11
85 '/a
86
86
87
3
83'/a
91%
1949
M-S
100
300
17
99%
104 Ye
1955
J-J
108
108
2
106'/a
109
11
107Ya
114%
6
50%
1955
J-D
8s—1941
J-D
1978
109%
109'% 109%
61
60
60
J-D
1957
A-O
External $
bonds of 1944
3%s
No.
3%s
Series
Series
No.
3%s Series
3%s Series
(Int
Series
No.
3%s
Series
No.
4s
62 Ya
3%s
8
37Ya
49 Ya
—
5
56'/a
61'/2
Stamp
Ext
J-D
45%
45%
38
10
45%
A-O
42
42
42
37%
6
58%
J-D
61
49
49
61
59
60
61
26
48%
61
72
J-D
58Y4
58%
J-D
59 VI
59
84
61
46%
37
61
51
61
60
2
48
60%'
62
62
5
52
63
J-D
60
62
3
60
62 %
%
60
%
J-D
62
62
2
54
60'A
62
12
53
Series
No.
No.
3%s
Series
No.
3%s
Series
No.
3%« Series
No.
3%s
Series. No.
3%s
Series
No.
=•62
59%
60
49%
*58 y2
61
48
*59
61
J-D
J-D
——
59
J-D
59
60
59
*58%
J-D
60
J-D
58%
60%
60
59
J-D
51%
60
60
5
44
5
52
1
51%
59 %
60
7
51%
60
23
23—.—
24—'—
J-D
J-D
60
61
J-D
60%
60%
J-D
60
J-D
59 %
J-D
*58%
Series
No.
28
Series
No.
Series
3%s
No.
3'/4S_
25-year
ACarlsbad
lAChile
(City)
(Rep)
8s
:
AExternal sinking
A 6s assented
AExtl
assented
assented-
A 6s
sink fund 6s
A6s
of
A6s of
48
60
52%
57
95Y4
3
94%
7
39%
.
13%
J.«
J1
30 Ya
32
M-S
M-S
M-S
29
*23%
19%
24%
32
30
33
*23%
29
23%
25
91%
92
32
90
95%
77%
32
79
30
75
B7Ya
32
__
A-O
721/4
70%
72%
67
68Y4
94 Ya
F-A
70%
69%
70Yi
90
67%
93 Ya
A-O
69%
69%
'7
60 Ya
92
1970
J-D
73
73
1955
A-O
1963
M-N
1994
f 5s
M-S
1957
s
M-N
1963
(State of)
J-D
92
—
—
__
...
..1967
1
73
*84
M-S
92
69
93
M-S
1960
J-D
ser
1961
A-O
1940
A-O
1958
s
f
7s
1947
A4%s assented 'i;
fund
AExternal
1968
gold 8s
102
37
32
14
95
95
•0%
23%
231/a
15%
15%
16%
21
15%
15 Ya
16%
15Y»
15 Ya
16
~~
108
if,
32
—
2.375%)
17
93
14 Ya
17%
"6V4
"«%
17
17
J-J
J-D
9%
*7Y4
—
__
8%
—
33
33
'
'": 7 T"L
1
8'/a
33
J-D
1966
33
1
J-J
2006
j-j
*24%
1946
A-O
*30
2001
F-A
2012
9%
33
27
30
31
27
32
*25%
A-O
1953
9%
13
6Y4
..
2001
Stamped pursuant to Plan A
(Int reduced to 2.25%)
lARio da Janeiro (City of) 8s
17%
6%
9
*11
-*1
7%s
14%
14%
*17
—
mmrnrn
J-J
1961
27
202
.
22
'
*7%
A-O
1963
3
'
A-O
•
1950
(City of) 8s_
loan
>0%
«...
85
106
*26
A-O
loan
102
,
1959
sink
__
84
—
ser
s
80
*102
85
M-S
1947
7s
*72%
——
f 6s 1st
of)
A Stabilization
32
24
26
33
34%
26
26
1
24%
27%
32
32»/«
14
26%
32%
f-a
22%
24
33
18
27%
1946
A-O
*37%
34%
37%
A-O
*25%
3.0
26%
27%
J-D
*30
35
27
31
J-D
24
24
22
24%
32
34
24
28
A7s
6%s
sec
M-N
25
32 %
25
25
A-O
1963
1957
——
J-D
1962
M-N
25
231/a
251/2
22 Y4
19Ya
A-O
*24%
18
31
39
33%
35%
2001
M-N
*25%
29
25
25%
20
31
25%
J-J
1950
1999
J-J
1956
2004
1968
J-J
25
*32
2012
A-O
*26%
—1940
A-O
A-O
A6s extl
loan
water
dollar loan
Stamped pursuant to Plan A
(Int reduced to 27®)
20
23%
6
18
25
26
1
20Ya
26
25
3
18'/a
25
19'/2
20
M-S
J-J
25%
J-J
extl
27
*35
25%
1999
external
33
24%
29
M-N
2012
1936
Stamped pursuant to Plan A
(Int reduced to 2.25%)
23Y,
18%
14
25
1952
1952
33
M-N
A7s
25
21 Ya
U
—-
2004
J-D
29
M-N
Stamped pursuant to Plan A
(Int reduced to 2.57c)
25%
18%
J-D
1957
A8s
V3
22 Y4
27
27
22
27
*28
40
29
39
J-J
37
34%
46
38
40
27%
34
32
40
27
34
*28%
41
35%
26
35Ya
88
88
83%
89
73
73
67
76
23 Y4
—
__
24%
25
24%
-
25
12
25-
15
1
24 %
251%
18 Ya
23
25'/a
24'/2
M-S
1951
16
*25
25
24Ya
20Y4
26
25
M-N
M-S
25
*25
25
A-O
A-O
25
J-D
1961
—1961
24'%
*25 V*
J-D
J-D
25'/a
25%
24
*24
V
28
M-N
Stamped pursuant to Plan A
(Int reduced to 2.5%)
25
18 Y2
M-N
2004
Stamped pursuant to Plan A
(Int reduced to 2%)
fASan Paulo (State) 8s__
A6%s extl secured s f_
20Ya
•25 Ye
M-N
M-N
24%
-
16
25'/a
39%
251/4
18'/a
30Ya
(City of) 6%s
(City) 8s
Stamped pursuant to Plan A
(Int reduced to 2.375%)
22Y4
19 %
—
24 %
25
ASao Paulo
2012
1966
1967
1926-.
A Rome
19 V*
..
*25 Vt
A-O
102
105
18'A
38
__
1
municipal loan
101 Ya
19
—
loan
(State of)—
of 1921-
external loan of
94
22
25%
*25 y4
M-S
M-S
25
*25 Ye
25
J-J
J- J
JL
25'/4
*25'%
F-A
F-A
24 Ya
extl
99
39%
*24 Ye
25
A-O
A-O
25
*40
J-J
1960
96
do Sul
Stamped pursuant to Plan A
(Int reduced to 2.25%)
101 Ya
M-N
96
1A Secured
s
f
7s
Stamped pursuant to Plan A
(Int reduced to 3.57®)
18
25
19
23 Y4
18
25
18
251/4
17'%
25
6
70
73%
1
70
75
203
38
45
1978
J-D.
.
25'/4
25Y4
25
25
A-O
70%
70%
70%
J-J
70%
70%
70%
39
40
41%
41%
42%
42%
Bank 6V2S——1947
JASinking fund 7s of 1926—
-1946
fASinking fund 7s of 1927
—1947
Copenhagen (City) 5s_.
—1952
25-year gold 4 Vis——
——11953
ACosta Rica
(Rep of) 7s
—1951
Cuba
(Republic of) 5s of 1914
1949
External loan 4%s—"L'i'.
i
_1949
A-O
lAColombia Mtge
4%s external debt
1977
Sinking fund 5y2s__
1953
ACz^choslovakia, (Rep of) 8s ser A-1951
li' ASinking fund 8s series B—1952
Stamped assented (int reduced v
to 6%)
extended to_.
___1960
*25
25
A-O
page 32.
26%
12%'
1965
4'As
Stamped pursuant to Plan A
(Int reduced to 2.25%)
1942
;__1970
54%
13
104%
—Jan 1961
f $ bonds
see
54%
60
103 Ya
Oct 1961
1928——
For footnotes
60
13
1960
(Hukuang Ry) 5s
(Republic of) —
3s external s
55
104% 104%
1960
——
1927—
95 y4
J- J
1962
AChilean Cons Munic 7s
Colombia
9
103 Ya
1961
assented
A6s assented
AChinese
60
13
1961
6s
25 Ya
—
2
>■'.
1957
Stamped pursuant to Plan A
(Int reduced to 2%)
39
1957
Bank 6V2S—
A6%s assented
A7s assented
60
100'/a 101'/a
1963
ABinking fund 6%s
A 6s
48
104% 104Ya
Feb 1961
A6YaS assented
AGuaranteed
1
104 Ya
Jan 1961
assented
AGuaranteed sink fund
60
100'/a
Sep 1961
--Sep 1961
1962
—;—1962
—
12Ya
*30Ya
25 Ya
m-s
A6s
J-D
Feb 1961
A6s assented/
Mortgage
60%
69
F-A
1960
', AExternal sinking fund 6s
AChile
61
A-O
AExternal sinking fund 6s_:
A 6s
60
50
3
1942
fund 6s
Sinking
A6s assented
60
47"%
54%
10
M-S
Jan 1961
—
9%
•/;
12%
loan extl's f 6s 2d
§A8s
1960
1961
1954
fund 6s—
8
——
*13
J-J
external 7s
Rio Grande
1957
1958
1950
ARy external s f 6s
AExtl
■y
A7s
sinking fund 6s
A 6s
59%
J-D
External s f 7s
assented
§A7s
5914
J-D
(City) s f 5s
Sinking fund gold 5s
Sinking fund gold 6s
Canada (Dominion of) 4s
Brisbane
J-J
A-O
7
•
*9
——
8%
■—•
1956
(Int reduced to 2%).
60
No.
No.
3%s
10%
6%
16
Stamped pursuant to Plan A
60
Series
Series
27
6%
8
1
60
GO
3%s
No.
16
10%
8
*10
— —
2008
(Rep of) gold 6s___
A4%s assented
60
60
60
J-D
Series
16
13
6%
6%
M-S
AExternal
60
•59%
J-D
22
3%s
3%s
37
Stamped pursuant to Plan A
(Int reduced to 2.5 %—_1999
external sink fund gold
1968
60
47%
21
No.
60
9
No.
No.
Series
J-J
Stamped pursuant to Plan A
(Int reduced to 2.375%)
59
60%'
52
8
"7
Series
3%s
'
60
58 %/
J-D
25
26
7%
32
8
2008
loan
(Int reduced-to
65
.
60
Series
No.
27%
34
<
7%
*10%
J-D
Stamped pursuant to Plan A
51%
30
60
3%s
Series
J-J
2008
APorto Alegre
65
3%s
3%s
34
*3
_1959
A4%s assented
65
57%
70
J-D
J-D
3%s
2.11 >%)
ref 3%s series B—
AExternal
64%
-
J-D
13—-l——
No.
Series
/
,61
J-D
J-D
Q-J
1958
lAPoland
J-D
J-D
3%s Series
8
1
Q-J
1933
(Republic)—
assented 5s
3'As ext to
(Rep
A Nat
':•••
~
9
3%s
5%
*33
J-J
to
extl
ANat loan extl
8—
3%s
J-D
1942, agree_1963
mod
sec
APeru
49 Ya
B)-~
L
20%
5%
J-J
Stamped pursuant to Plan A
(Int reduced to 2.125 %)
7
No.
18%
28
1945
1913 assent
fund
iAPernambuco
49
5
No.
20
29
1942, agree_1968
AStamped
61%
Panama
'■
6
No.
27
28%
1954
sink fund 4'As
44%
41
J-D
No.
Series
(City)
61%
A-O
No.
Series
Oslo
41
1979
1952
Series
Series
26%
62 Ya
Series
3%s
26%
28%
1945
external
f
s
50 Ya
3%s
3%s
fund
4
57%
3%s
3%s
sink
49%
57%
57%
4—.——
19%
*5
f 6%s______
s
sink
49'/a
A-O
1
31
12
J-J *
*6
(Kingdom) 3%s
4%s_
37 Ye
45
J-D
3—
ta
€5
J-J
(Kingdom of)
Norway
17
41
1979
1
17%
M-N
1910_;
reduced
Netherlands
62
50
14
41
1
No.
No.
3%s
59
1957
(Plan
22
3-D
Stamped pursuant to Plan A
(Int reduced to 2.125%)
37%
1
56
56
46
A-O
No. 2—
3%s
;
Series
46
1979
Stamped pursuant to Plan A
(Int reduced to 3.375% )_
23%
12
26 '
1942, agree_1963
Municipal Bank extl
Stamped pursuant to Plan A
:..
:
(Int reduced to 3.5%)—
1978
8% funding bonds of 1931 due—1951
,
13%
96
A-O
f 6%s
s
ASec external
External
Stamped pursuant to Plan A
(Int reduced to 3.375%)
(Central Ry)__
;A7s
28
17%
Stamped pursuant to Flan A
92
F-A
Stamped pursuant to Plan A
(Int reduced to 3.375%)
AExternal s f 6>/aS of 1927—
19%
17
1951
1904
6s of
ASec external
89 Ya
J-D
1926
100
26
to Nov. 5, 1942, agree_1963
(City of) 6%s
:
1952
Minas Geraes
(State)—
Stamped pursuant to Plan A
AExternal
M%
17%
AAss'td
J-D
(Int reduced to 3.5%)
7%
78
M-S
A Milan
1962
external
4s of
Ass'td to Nov. 5,
40'/a
33%
31
-—1967
.—1966
6Vis
9%
5%
54
19%
17%
7s__1957
__'__1954
1899
Ass'td to Nov. 5,
92 %
20-year 3Vis
20-year 3Vis
6%
2
*100
1943
6%s_
f AAssenting 4s of
93
91
s
34
1952
_
SAAssenting 5s of
102
sec
6
6%
65
J-J
/ Ass'td to Nov 5, 1942, agree_1968
(US) extl 5s of 1899 £__1945
99
J-J
AExternal
Antwerp
7%
6%
65
J-J
lAMexico
38 '/a
A-O
Australia
7'/a
6%
1977
to 3%
Ass'td to Nov. 5,
A-O
7s 2d
f
-s
104
1947
(Colombia)
A Assenting
series—1957
AExternal sec
A
'
*
J-J
f
101
__
-
Irrigation—
8A4%s assented -ill
an
23
66
65%
J-J
S A External s f 7s series D___—1945
s
41
20
Utility—
(Kingdom of) 7s
Jugoslavia (State Mtge Bk)
64
65%
*61
J-J
AExternal
7%
F-A
1977
B
Public
Medellin
•
60 Ye
*61
65%
J-J
1945
J AExternal s
for
68
48%
38
Mexican
4s____1968
coll 7s A——1945
fund
(King
f l-3s
AExternal 7s
a
tv
•
--j.AGtd.aink fund 6s-—-—^—-1947
sink
s
3%
to
A Italy
Foreign-Govt. & Municipal
AGtd
1%
Credit Institute 1%
NY 1-1693
Broadway, New York
series
Italian
Teletype
Agricultural Mtge Bank (Colombia)-—
Akershus
Works
58
44%
41
*101%
A 7s
part paid
1964
A6s part Raid-^^---.--—;«i.¥.^«.».1968
Helsingfors (City) ext 6%s
1960
s
95
49%
*46%
41
J-J
1949
7; 51
*__
J-J
(Republic of) 7s
Republic extl 7s__,
'
5
41
J-J
Jan 1, 1976
Greek Government—
Foreign Securities
High
82%
A Estonia
French
Low
J-J
Jan 1,1976
f $
s
Range Since
January 1
No.
f-A
of)—
f $
s
Bonds
:< Sold
High
.««_1962
:
(Republic
f $
s
3%s extl
3s extl
Members New York Stock Exchange
Friday's
1955
External gold 4%s
4s extl
Telephone
or
1942
External gold 5'/2 s
107
10311
J-D
v
Exchange
Low
1
—
Stock
High
Low
r
York
New
January I;, x?
v
Issue—
^W^Corporate Stock—
Registered
/
,
RECORD
Friday
Sold
2d
(2273)
RANGE FOR WEEK ENDED MAY 21
Bonds
■
Low
Transit
'*•-y*'
Week's Range
Last
■Ptrloi;
'
BOND
YORK
NEW
BONDS
& FINANCIAL CHRONICLE-
COMMERCIAL
THE
Number 4701
Volume 167
41%
M-N
F-A
*38
16
1
41%
2
•42
For Financial
FOREIGN
42 %
44
69%
71%
-5
58
64
64%
15
53%
79
M-N
14%
14%
16
37
13%
18
M-S
*102%
F-A
*100
j
J-D
J-J
*110
A-O
*@8%
a-o:
52
89
:
FOREIGN SECURITIES
118
SPECIALISTS
101%
112%
110
50 Broad
Ho%n
no-/:
35
St., New York 4, N.
Y.
r
60
53
52%
HARL MARKS & P.O- INC.
102 5J
100
43
108 %
*68%
A-O
;
X
102%
101%
112% 113%
MARKETS
;
82
64%
J-D
SECURITIES
FIRM TRADING
41%
44
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1962
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1958
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J-D
extl
sec
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extl
of)
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S A Uruguay (Republic) extl 8s____1946
A
or
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sink
fund
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sink
fund
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5%
7%
4%
Friday
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Sold
Low
;
7 %
00 £
F-A
—I960
New York
M-N
•
M-N
*110
75
M-N
78
—1979
16
4%
8
3%
conv
Provinces
A Warsaw
(City)
.__!
7s
F-A
—
7%
1992
Sale Price
M-S
71/4
Ref <fc impt mtge 3%s D-_,_,___1996
Ref & impt M 3 Vis series E_
-1996
M-N
R & A Div 1st cons gold 4s____1989
;.31 2d consol gold 4s___,
1989
Chicago Burlington & Quincy RR—
J-J "
8%
118
gold
:£
4%S-__
General 4s____
'
1st
75%
78
78
78
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85
76
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78
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14
118
83
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ref 4 Vis
&
series
'*■
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27%
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15
F-A
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--
7
:
10%
5'V
8
Chicago
1958
19
121
52
100%
104%
101%
106
116%
115
117
*__
—
J-J
B
110 VB
B——
1985
Electric
Alabama
Co 7s
.—1952
Southern ;3 V4S_,__1967
1st mtge 3Vis,
1972
Great
Power
ser
& Erie 1st gold 5s
AGen
A
inc
Albany &
Susquehanna
Alleghany
&
Western
RR
1st
American
Amer
Airlines
,
—
debentures
/£2%s debentures
;f«2%s debentures,
Arbor
Atchison
82
98%
78
78
A-O
97%
97%
98
65
92 Vi
98
J-J
92%
92
92%
62
85%
92%
108 Va
107
108%
585
101%
108%
J-D
93 Vi
170
85%
103%
95%
95
71
90%
95%
95
90%
34
1st gold
42
91%
99%
115%
113% 115%
920
106%
115%
A-O
102%
102
102%
88
101
-A-O
102%
102% 102%
99
100%
Q-J
i960
78
77
78
7
77
81
--
^A-O
4s
Stamped
96
96%
2
96
100
Atlanta & Charlotte Air
Line
1st mortgage 33/4S
1st cons 4s
General unified 4Vis A
2%s
121% 122%
66
115%
123%
111
110% 111%
27
106%
M-N
103% 103%
M-S
104%
104
1904
J-D
102
101% 102
1,194s
J-J
,1948
debs
37
J-J
1966
-
37%
101
104
45
103%
105
58
98 %
6
25
103%
40%
20
—
1st
mtge
and
1%
-July 1975
B
ser
(4%
24
18
15%
26%
99%
19
97%
100%
July 1975
94
A-O
98
95%
98
due Dec 1 1995
J-D
69
67%
69%
due Mar 1 2000
due Mar 1
1996
M-S
69%
67%
M-S
68%
67%
Ref & gen mtge 5%
(2%
and 3% contingent
59
85
18
79
64%
12
55%
67
61%
62%
40
54 Va
63
49%
48
49%
47
39%
50%
90%
90%
2
88%
90'%
5
99%
104%
Series K
181
58 Vi
69 Vi
Series M
Ref & gen mtge 6%
and
a
a
3%%
69%
66
57%
158
57
conv
Fgh Lake Erie
Ref
4s
(2%%
income
&
series
A
ref
;
M
Bangor & Aroostook
Con
ref
i* 4s
Beech
Bell
4s
J-D
75
76%
33
67%
76%
53%
52%
54%
835
45%
M-N
89%
-91%
91%
81%
37
79'%
77
79%
23
70%
79%
J-J
85
84
85
19
77%
85
J-J
94
96
5
88%
96%
94
95%
12
88 %
9(5
J-J
3%s___195l
series
C
,,
A-O
1960
M-N
2%s
ser
I
1970
J-J
#Cons mtge
23/4S
ser
J
1976
5s series AC
1967
1st mtge 5s series II
1st mtge 4%s series JJ
1st mtge 4s series RR
,1955
,—1961
121% 122
*
8
96%
•-
96%
96 %
99 Va
99%
119
6
99%
M-N
A Inc
mtge 4Vis
17
*99
'91
91
M-N
96
100
M-S
*102
--
A-O
1950
A
ser
(Ernesto)
May
Terminal
Consolidated
Bush
Term
1
1947)
1st
4s
due
80%
85 %
50
56%
56'%
57%
134
1950
M-S
gold
gold
97%
98%
90%
67%
100
65
92%
M-N
67%
92
1955
1956
,1951
5
95%
124
101%
*99% 104
80
1975
A-O
100
100
2
98
mtge gtd 3%s series E_
1969
1st mtge 2%s ser G,
1974
City Ice & Fuel 2%s debs,,,
1966
City Investing Co '4s debs,.__l,__1961
F-A
109
109
3
107
109
F-A
*93%
98
100
1st
Cin Chic
—
gold 4s__
5s
92
81%
J-D
96
1993
series
91%
82
30
78
82
96
6
82
96
97
99 3%
92%
B,_
■
,,1993
J-D
*99%
M-N
Div
"l
95%
J-D
92
80%
J-D
J-J
Louis
99%
100
St Louis Ry—
&
coll
1st
trust
J-J
4s—1990
75%
__
__
75%
77%
106
69
69 Vb
2
*90
--
92
68
69 Va
84'%
—
77%
59%
92
3s
1970
J-J
1982
mortgage 3s
& Pittsburgh RR—
J-D
104% 105
103'%
106
*103% 104 Va
103'%
104%
*100%
—
100%
101
100
Series
C
3%s
gtd
1948
Series. D
3%s
gtd
,1950
F-A
1961
A-O
1972
A-O
Short
1st
Line
gtd 4%s
Union Terminals. Co—
Cleveland
A__l_
1st mtge 5%s series
1st
M-N
mtge 5s series B
.1973
1977
100% 101
107
A-O
4%s
(stamped modified)
107%
106
96%
103
56
25
51
100% 101
55
100'%
15
98%
55
M-S
*106% 107%
F-A
*
105
106%
107
107
23
101%
104%
8
106%
107%
109 %
.1965
A-O
mtge 2%s ser A
.1982
M-S
.1977
A-O
.1972
J-D
.1972
M-N
,1963
J-D
Corp 3%$,__
103% 104 Vb
_
:'104%
_
__
106% 106 %
98
98
2
95
97%
98
21
95
98
95%
95%
12
92%
95%
99%
—
99%
7
98
Consolidated Edison of New York¬
ist
&
& ref
mtge' 2%s
&
mtge; 2% s ser C_.
ref
ref
&
3s
ref
B
ser
D_-
L
w
1st mtge 2%s_
.1975
Baking 3s debs_____. .1965
Steel
A7%s
-
W
—
102'% 102%
j-J
—
J-D
103
436
106
107%
21
98
101%
96
100
91
92%
25
88
92%
55%
55%
55 3 4
2
52%
J-D
41%
41%
42%
28
37%
J-J
83'%
83%
83%
9
80%
83%
35%
35%
8
32%
36
35
35
6
33%
37%
34%
35
16
34%
37
•
J-J
__
.1946
J-D
deposit rets
.1946
J-D
1975
A-O
__
J-J
__
B
99%
101%
107%
106
*99% 100
-
92%
M-N
1st
36
97
101% 101 %
106%
A deposit rcts_™-,
ser
ser
-r
M-S
Power
Continental
Crucible
series
debs
conv
Vi
102
-T
-
--
421%
D
96
107
Dayton Pr & Lt 1st mtge 2%s_
mortgage 3s,-__,_—___—^^,,1978
Union
&
Co
3ViS
Ry
2%s
B
ser
,1965
debs
1965
103%
Delaware & Hudson 4s extended___1963
99%
101 %
99 %
i
*__
96
99%
103V4
1031/4
103%
103 '/a
25
100
102
23
89
104%
101% 102
102
A-O
99%
*101% 102
J-D
„
Delaware, Lack & West RR Co—
11
111%
1141%
AIncome
108% 108 %
4
108%
109%
Morris & Essex
N
Lack
Y
Western
&
108%
Coll
109%
.,1973
due
mtge
95
86
86
60%
58%
60'%
32"
62%
62%
63%
56
96%
96%
M-N
,1993
M-N
L
1
80%
86
*
65
54
division
4-6s,J
Tr
96 VB
M-N
div
> 1st & ref M 5s ser
May
1
2042
M-N
54%
64
-
J-D
Delaware
112% 112%
M-S
1
111%
112%
112% 112 %
—
F-A
23
110%
112%
106%
107Va
107 Va 107%
J-J
96%
M-S
94%
32
97%
11
"
263
107% 107%
—
82%
107
97%'
68
102% 102%
F-A
3s_^_j.__1973
A-O
J-D
1st
99%
1001/2
102%
•
99 %
2 •
99
80%
2
78%
(3% fixed
int)
:_i_,__1993
A (4'%%
contingent-int)
2018
77%
78%
67
63%
78 Va
56'
64
217
39%
64
14%
136
6%
14
457
14%
9%
A-O
14
9
>
1
AChatt Div pur money gold 4s__1951
gAMobile Div 1st gold 5s
1946
Central Illinois Light 3Vis
1966
A-O
§ A Central of N J gen gold 5s
1987
J-J
60%
58%
1987
Q-J
59
57
J-J
55
52 %
.
6%
contingent
Income
f
80%
i
14%
14: \
J-J
A4s' registeredc--—1987
Central New York Power 3s
1974
72
28
.28
28
*107%
52
1
67'A
18%
28
107
__
f
107%
F-A
.
*,CV
1st & ref series A
v
J-J
90%
89%
90%
77
Apr
63 Va
61%
63%
315
2
'
1
-
Detroit
mtge
&
&
ref
2%s
Mack
ASecond
Detroit
gold
Term
1970
series H__
ref 3s
Gen
&
,1966
3%s series-G
Edison
Gen
Detroit
___1993
int),
J-J
79%
78%
79%.
&
4sJ_,
Det Tol & Irontoh
1061
4VaS
Tunnel
RR 2%s ser B__1976
X-
*60%
69
581/8
*104
M-S
"•
1961
J-J
J-J
46
Duquesne Light Co 2%s_^—
32%
551/4
32%
6
97%
1st 5s
1956
M-N
gold 5s
1995
J-J
48
100
81
"
96%
54
11
100 %
38
98%
84%
98
43
1001/4-
102%
102%
98
46%
71
63
103%
•
50
23
1977
Vi
84
98
98
t§ADul So Shore & Atl gold 5s_—^1937
F-A
96
84
Dow
4
97%
J-D
61%
50
101 Va 101%
104%
96
68%
63%
,
102%
75
35%
debs
5
*
37%
2.35s
17
97%
*69
M-N
80%
110%
J-D
805
Chemical
661/b
j.,
457
71
91
51%- 63%
108
103 % 103%
97%
M-S
gold 4s__,1995
:
^,,1995
1st lien
103'%
J-D
I_,-_™-1982
series
28
*108% 109
M-S
62
55
80
fixed
(3 %
contingent
(/o
C60V4
102% 102%
A-O
Central Pacific 1st ref gtd gold 4s_1949
Q-J
0
Ji
103
ser
'
J-D
101
—
Denver & Salt Lake—
*
100
— —
80%
.
Light
mtge'ser A
^AIncome mtge
67%
*99 %
—
&
Denver & Rio Grande West RR—
108 Vi
58%
45
Power
mtge & coll tr 3Vb8——,1977
1st
1 %:
*66
64
.
F-A
114% 114%
M-N
—_—_———l987
F-A
J-J
108%
A-O
registered
-1977
.1961
Cigar
58%
101%
--
Co—
.1951
114%
78%
1959
1955
f 3%s A_^
s
J-J
-A-O
C
4s„_
series L,
105
I—^_1965
1960
extl
M-S
1st & ref 4%s
& L
100%
J-D
gold 4s
1st
107'%
12
*100%
Tol
104
44
A-O
99
*108% 109%
6
105% 105 %
Gas & Elec 3%s debs
1971
Columbus & H V 1st extl gold 4s„_1948
Columbus & Sou Ohio El 3%s
1970
&
101
95
101% 103
103
M-N
-1980
Columbia
39
—
-
*101% 103
—
A-O
1st mtge 4%s series C
Colorado & Southern Ry—
103Vi
F-A
3
Cleveland
103
F-A
/'
88%
74
105%
_,
67%
59
*100% 105%
| §AConsol gold 5s—_i,_1945
| ARef & gen 5 Vis series B_
—1959
-
78
6
106%
.1966
mtge 3Vss
§ACuba Northern Ry 1st 5%s__. .1942
A Deposit
receipt's
ACuba RR 1st 5s- gold
_™1952
ADeposit receipts —1
98 Vi
88
Nov 1945
4s____,
18
78
102'/a
Consumers
27
105
F-A
i A General
85
78
102
103 %
1981
tCentral of Georgia Ry—
:
§ A 1st mtge 5s
A5s
83%
85
13
A-O
1970
issue)
series
J-J
106 % 106%
3s
93 Va
4
J-D
5s
102
1
M-S
1st & ref 4V4S series D__,
1st
92
32
i960
gen
100'%*
100
101
1962
4s
conv
1st
85%
92 Va
,.1948
&
100
101%
101
—
104%
A-O
Oct 1969
mtge gtd 4s
Celanese Corp 3s debs—
Celotex Corp 3%s debs
A Ref
*100
J-D
86%
104%
100
Ry—"
1st
60%
105 Va 105%
__
J-D
1974
1st
:
4
103
98 Vi
86%
*100Ve 102
J-J
A-O
gtd 5s A—1962
Ry—
4 Vis
1957
1st
J-D
71%
317
104% 104 %
J-D
101%" 107%
110
86 %
100
A6s
A-O
perpetual
Carolina Clinchfield & Ohio 4s
:,1965
Carthage & Adironack Ry—
(1947
85 %
102%
Consolidated
72%
54
100
—
M-N
1976
5s
Branch U P
106% 107%
86
9
Deere
3s
Guaranteed gold 4Vis
Can Pac Ry 4Vo deb stk
3Vis debs
IO71./4
--
33
Conn River Pwr
97%
50
6
89
—
90
M-N
i960
Guaranteed gold 5s
Guaranteed gold 43/4s
Guaranteed gold 4Vis
A Cent
J-J
Apr
96
38
1st mtge 3s
*102%
—
J-J
1955
National
Guaranteed
92
*92
—
104% 104 %
1st
Guaranteed
66
89
J-J
104% 105
Dayton
Canadian
58'%
101% 101%
102%
19
-F-A
1969
1952
5s
1st
Calif Oregon Power 3 Vis
Canada Southern cons
305
104 %
91
85%
1957
Bldgs 5s gtd
California Elec Power
66
101%
100
101
*83%
F-A
mtge 2%s
1976
Buffalo Niagara El 1st
mtge 23/4S__1975
Buffalo Rochester & Pgh
Ry—
Stamped modified (interest at
to
90
M-N
1954
Gen
3%
64%
2%-4V'4S—_—1—1,1994
M
Commonwealth Edison
99%
96%
J-J
July 1970
Co 7s
Bklyn Union El 1st gold 5s
Bklyn Union Gas 4s debentures
Bush
65 Vu
J-J
Conn Ry
122
'94%
Boston & Maine RR—
A Breda
57%
Apr
J-J
*99% 101
A-O
1961
mtge
j;lst mtge
91%
J-J
1951
1st
5s
74'%
53'%
1952
54%
1985
D
Beneficial Indus Loan 2%s debs,
Bethlehem Steel Corp—
Cons
76%
May
RR—
Extension
65%
211
Columbus
ser
stamped
Creek
41
57 %
1963
Cleve
1939
4s
Telephone of Pa
74%
56
Union
Chic & West'n Indiana
69%
1951
&
72%
56%
J-J
"1st
Cincinnati division
1st lien
73 Vi
Apr
1963
fixed
S'western div 1st mtge 5% ser A
(3%%> fxd & XV2V0 cont int)__1980
Toledo
Apr
4%s,,_Jan 1 1999
Cleveland Elec Ilium
Feb 1 2010
Va—
West
104
fixed
contingent interest)—
due Dec 1 1995
,,Series J
A4V2S
104
J-J
69 %
69%
--
98
interest)—
G—
'
90
,
Jan 1 2044
Ref & impt 4%s series E_
1,1977
Cm Wab & Mich Div 1st 4s__—1991
86
75'%
120
111
1994
94
82
85
71%
2
64%
?
J-J
St
92
94
75
121
Station—
1st mtge 3Vis series F__I
1st mtge 2%s ser G
fixed
int)
contingent
Series
inc
General
A-O
;
44%;
A__Jan 1 2019
ser
B
General
A
ser
5%
98
2%-4%s_l
Baltimore & Ohio RR—
mtge 4s
ref
&
Income
B
1st
inc
ser
mtge conv
Cleve
1st
34
62%
J-J
.,1994
Cine Gas & Elec 1st mtge 2%s
Cincinnati Union -Terminal—>
99%
21
J-J
104%
37
1
vf!; 91
98
40%
RR—
Chic Terre Haute & S'eastern
111%
July 1952
Atlantic & Danville Ry 1st 4s
Second mortgage 4s
.*
Refining
122
M-N
—1963
Pac
A,
ser
inc
conv
&
Chicago St L & New Orleans 5s___1951
Gold 3 %s—
1951
Memphis Div 1st gold 4s___-__„_1951
Ry—
Atlantic Coast
Atlantic
A-O
1995
July'l
„
4s
mtge 4%s
Chicago
1995
4s
mtge
50-year 4s__,_1956
Sou
Paul
1st mtge 3s ser .B
r
,1989
Chicago Rock Island & Pacific Ry— 1st mtge 4s series A
T™.
1994
Gen mtge conv 4%s ser A_,Jan 2019
102%
July 1995
!
4s
Co 5s
50
197
97%
100%
Chicago & North Western Ry—
102%
98 %
98 %
93
84%
H
J-J
&
St
—
99%
J-D
19^2
Topeka & Santa Fe—
General
95%
1957
,
112
6
75
84 %;
J-J
mtge 4 Vis inc ser A__,_Jan 2003
2nd
94%
-A-O
j
109'%
6
*__:
J-J // -
Jan 1983
4%s
90%
J-D
1st
84
94%
,1969
W Products
P
2
10
95
1937
debentures
Ann
A
98%
77%
F-A
1982
2%s conv debentures
Amer Tobacco Co deb 3s
/\% 3s
84
98%
93
1961
„
•
—
M-N .■?/ /■ '
J-J < -
Jan 1 2033
inc ser A
mtge 4s
Milw
Gen
JU-S
_l1986
,
debentures
conv
83
*75%
Chic
100
1975
debentures
2%s
23/4s
97
*9814 100
1980
J,;
debentures
2%s
—
|
112
110%
43%
;
44
M-N
*1982
4%s_
mtge
Chicago Ind
107%
J-D
&
23/4S
104'/a
103%
M-S
1966
Foreign Pow deb 5s
2030
American Telephone & Telegraph Co—
.4
28
100%
*107%
A-O
1956
debs
3s
19%
29
*103% 104'/a
A-O
gtd. 4s_,1998
Aliis-Chalmers Mfg 2s debs
*25%
M-N
J-J
4Vis—1975
1st
A 2d
A-O
110%
108
10
99% 100%
v.j-
130%
110%
—
109% 110%
—
J-J
4
120
110
S-*
F-A
■
Chicago Gt West 1st 4s series A_i._1988
7
RAILROAD AND INDUSTRIAL COMPANIES
Alabama
High
33
Chicago Ind & Louisville Ry—
A Adriatic
Low
104% 104%
116% 116 Va
F-A
mtge 3%s
i:
January 1
No.
90
25
Sold
103% 103%
F-A
92
77 v1:
;
■A
V
High'
129% 130
__
J-J
1977
1st
80
82%
*25»/4
Range Sine*
103%
'
*75%
V
Range
Friday'*
Bid & Asked
F-A
1st & ref mtge 3%s_,_
-,1985
1st & ref mtge 2%s
„._v_l97Q
Chica go & Eastern 111 RR—
A Gen mtge inc conv 5s_.
1997
121
121
—
•r
.
General
90'/a
117
73%
811/0
■
F-A
—1958
85
Period
/ ; j.
103%
f50
r
...
<4 % %
to Aug 1 1949) ——1974
1
1st mtge 3%s ser B—1968
5 A Central RR & Banking Co
5s
stamp
(partial
Champion Paper &
redemption)—1942-
Fibre deb 3s
For footnotes see
page 22.
1965
F-A '
F-A
*99% 101%
104
96%
103%104
101%
99%
104
East Tenn Va
Ed El
111
lNY)
M-N
J-J
__
35%
*99
36
3
r-L
29%
36
96
99
& Ga Div
1st cons
5
112% 112%
*145
156'%
3'as,™—1970
M-S
105
S'westqrn 1st 5s
1965
5s stamped i.™—
_._____T,,1965
A-O
A-O
103% 103%
__
&
East Ry
El Paso &
—.—^-2-—!
-r.ij
7"
.
105
,
110
112%
156%
156%
...
4
102
1
106% 106%
Elgin Joliet
i.
Week's
,
-.'i
;'':liast
Low
13%
5 ls-
3
——
78
A-O
external *7s_,,___1958
Vis assented
Exchange
Interest
■
J-J
1952
7
130
*110
J-D
_____1978
4-4%-4%s extl readjustment
1978
3 %s extl readjustment
—1984
AVenetian
Slock
j
High
*110
—
M-N
conversion—,
8%
90
3%-4-4%s ($ bond of 1037)-—
readjustment
_™1979
37/8-4I/8-4isfls extl
/
B o N D
January 1
No,;
5%
J-J
External
X'] External
24, 1948
$
Bonds
19
L-
1964
A4
Friday's
Bid & Asked
'
(Prov
CHRONICLE
Chesapeake & Ohio Ry—M-N
B
FINANCIAL
Week's Range
.Last *
Sale Price
Low
,,,1962
series
&
(Kingdom)—
external
secured
A Silesia
<
3
' X
Serbs Croats & Slovenes
jp A 8s
Period
Exchange
Stock
.:■■■■.;%
'
COMMERCIAL
n.-?.:
101%
106%
2:
100,
103%:
105
Volume 167
& FINANCIAL
.THE/'COMMERCIAL
Number 4701
•
BOND
YORK
NEW
CHRONICLE
(2275)
31
RECORD
*
RANGE FOR WEEK
Friday
New York Stock
•'/:
Interest
Y-v'/ /I I
JExch^Dj„
vr/":./ BOND S//
1
.
•
Period
•
Week's Range
or Friday's
Bid & Asked
Last
Sale Price
.1
'/••<■
y
-•'i'.-W
V:
•" '•••-A-.1"-
///;./: ■/■
/ iRailroad
Erie
Gen
1st
cons
1st
cons
1st
cons
1st cons
Ohio
J- J
4'/2s ser A—Jan 2015
mtge 3'As ser E__——,-1964
mtge 3'As ser F_
_1990
1st
mtge 3'As
No.
High-,
£010
214
713A
70%
A-0
*93
64
'
long Island unified 4s—
—,—1949
Guaranteed ref gold 4s—1949
4s stamped
1949^
•Lorillard {P) Co-deb
.•—---1951
71%
93
84'A
*95
M-S
*99-; 100
86
96%
11
36:
100 v
83
79%
.92
86
M-S
93
78
99
*86
J-J
J-J
& Rub
A 1st &
/
M-N
3s deb
96%
,
of
Louisville Gas
Louisville
102
Range Slnee
Sold
January 1
&
35
66
>50'A
-
101
101
Low
M-S
101A 102'/a
11
101
101
102
5
109
110'A
11
109'A 109%
102% 102'A
101
102%
105'/a
108
107% 108
ref
2003
3%s series F
M
J.st & ref M 27/«s series G—
-2003
Louis Div '2d gold 3s__._——1980
Atl Knox & Cine Div 4s
1955
A-O
/
'I
7
V '
95
'
89'A
84
*94%
99'A
92%
*88
m-n
■
'
i
*100% 101%
A-O
m-s
,
•
High
101 S3
14
)<r
A-O
*110
118
100%
89'A
109%
•
66
96%
111
M
60
59
102'/a
101A 101
1966
& Elec 3%s
102
*60%
*103'/a 105
-
No.
101'/a
Jif-S
M-S
M-S
F-A
St
104
100
62
t-
Bonda
HigA
Nashville RR— '
&
■
M-JV
.1956
4
103'A 1033A
M-S
deposit_i~
Francisco Sugar coll trust 6s
Range
Friday'*
or
Bid <& Asked
1963
debentures
3s
'
*102
M-S
ref 5s series A
A Certificates
103'A
J-D
1st 4'As_-
Coast
Week's
Last
Sale Price
Period
High
1st
tFlorida East
Inter eat
'
Low
t
Firestone Tire
York Stock. Exchango
New
January 1
V-
Low
70%
I
BONDS
Range Since
Sold
"
2000
.—1953
1971
mtge 3'/as ser G_—
mtge 2s ser H
Div
Friday
Bonds
Co-
inc
mtge
ENDED MAY 21
105
Macy (R H) & Co 2%s debs..
1972
M-N
Maine Central
1960
J-D
73 Va
74
6
67
74 Va
1954
Manati Sugar 4s sink fund.-Feb 1 1957
J-D
97
97
-•2
94%
98
85%
91 %
26
84%
70
70
1st
Elec of
&
Gas
General
A 4s
Realty
(B
Co
F)
*1,02%
/
M-S
1969
99%
J- J
General 5s series C
1973
81%
97'A
109%
116 Vj 123%
110
116%
.
Gen
mtge. 3'/as*ser O
97%
J-J
1982
J-J
86%
mtge 2%s ser Q
2010
J-J
Gen
mtge 2'As ser R
1961
J-J
ctfs
9
1959
J-J
mtge inc 5s ser A_——July 2015
ref 33As series D
1969
J-J
inc 4s
B_
B
ser
Gulf States Util 1st
'
86%
74
70
81%
91%
v
95'A
63
mm —
1st mtge
63
'
20
6%
%
9
...
100%
9
"
*102%
--
M 2%s
99'A 100
1st
102%
*97%
Apr.
65
'
;
33
100
68%
*97'A
J-D
*99
m-n
5
98
70
98
98
98
*100%
A-O
91%
70
94%
__
99%
100
100
101
98%
17
100 V*
v
■
1951
M-S
*100%
m-n
J-J
.
*100'A
m-s
i
105%
.
„.
100
99%
'
87
3
105%
38
o__
lOO'A
_
601/2
87
80
V
105
m-s
A-O
A-O
1969
100% 100%
86
96
96
"3
51
20
62
IOIV4 101%
106%
103%
98%
62
101 Va
65%
93%
96'A
97%
56%
160
.
4'A"s inc
mtge
Jan 1971
A
ser
4s; inc ser, A_—Jau 1991
Kansas & Texas 1st
J-J
J-J
92
92
92 Va
51'/4
51
53'A
83
50%
57%
J-D
..
1990
4s
77%
77
78 Va
124
68'/a
79
71'A
80
93%
90
9
Missouri-Kansas-Texas RR—
77
92%
.
65%'
*96
93
3
99
64'A
M-N
—1976
^
.
27/8s__
AGfin mtge
Mo
76'A
76»/4
A-0
Jan 2044
-
:
r
^iAMialand ot N J 1st ext 5s
1940
Minnesota Mining & Mfg 2%s
1967
Minn St Paul & Sault Ste.Marie—•
RR—
series
1st &
Gen mtge
3
•:
97'A
J-J
gold 3'As_-_
I1952
Ref & impt 4'As series. C____—-1979
Michigan Cons.Gas 1st mtge 3'As_1969
95 Va
82%
m-n
,
1st
97'A
88
.
.
& Sag 3'As
91'/.
101
99
j
A-0
Ohio
&
/
90
/
'
5
31'A
■
*64
1975
Mobile
1st & ref 4s
Gen
81'A
Feb
B
Greyhound Corp 3s debs
21
'/I'll
86%
*93
Feb
Bay & West deb ctfs A
Debentures
ai ',2
Jack bans
'
95'/a/"95
Gen
A Green
2
116% 116%.
196 %' 97%
116%
J-J
2000
Gen mtge 2%s ser P-—*
Michigan Central—
,
123
123
J-J
*100'A
m-n
(Southern Lines) 4s__1959 /
1972
Mead Corp 1st mtge 3s
J966
Metropolitan Edison 1st mtge 2%s_1974
Metrop Wat Sew. & Drain 5'As
1950
112
13
//
,
III1/4 ui%
111%
mtge & con 4s ser B
AManila RR
101
27
A
ser
May Dept Stores 2%s debs
86
11-
99% 100
J-J
—
.General 4'Asseries D__—__-^!.--1976
Gen mtge 3'/es ser N„
1990
Gulf
23
86
Northern-Ry Co1952
A
103
103
—
35'/$
M-N
1st mtge 23/4s_1965
General 5'/as series B____
II;
__
Corp—'
Utilities
&
J-D
1949
inc debs
conv
Goodrich
Great
Berg Co cons 5s
RR 4%s
96
Prior lien 5s .series A—
1962
1962
-1978
Cum adjust ,5s series A—Jan 1967
J-J
80
79
80
12
40-year 4s series B_^.
J-J
66
66
67
51
Prior lien
J-J
A-O
68
68%
31
66
1965
A
.
.
4'As series D
67
61
61%
68%
47
67%
71%
83
'
65'A
.
67%
64
tMissouri Pacific RR Co—
mm: rn
II/ii
i
H
Hackensack Water
Hocking
Valley
1st
mtge 2%s__1976
Ry
1st 4'As
Household Finance Corp 23ASi
Hudson Coal
y
4Adj Income 5s_:
A
-
65
A-O
94%
119 V*
F-A
83
81%
83
1975 ' *
m-s
39
38
39%
1977
m-s
83%
81%
83%
.& ref 5s series Q__—L.
1978
M-N
83'A
82%
gold 5'As ser .A—.
1949
ref gold 5s series H—,—1980
lA-O
83'A
1981
F-A
83%
ref 5s series A
50
24%
27
98
95
104%
183
A 1st
AConv
A 1st &
105%
57%
A
68
17%
•
275
v
A 1st &
127
88
■
97%
26%
96%
94%
1
v
*104% 105'A
64'A
65%
F-A
-1957
—Feb 1957
127 vi
91%
93'/a
M-N
941/4
10
*97 Va
J-D
1949
96.
127
J-J
—1970
1st ,s f 5s scries A—1962
Hudson Co Gas 1st gold 5s
Hudson & -Manhattan 1st 5a
96
J-J
_1999
ref 5s Series F—
A 1st &
A General 4s
..M-S
27
i—
ref 5s series
1st &
Moh'k & Malone
Morris .& Essex
J-J
mmi
1st gold 4s—_
ft]
Extended
1st
103'A 103'/a
*101
—.
gold
,
98%
95
1
„
Constr
103%
102
100%
—
1st gtd
M-S
F-A
m-n
J-D
3'As—2000
.—1955
.Gonstr M 5s series A-._
t
5
98%
..
M 4'As
Mountain
1951
•1st gold'3%sL
98
.
4s—!'1991
1st gtd gold
Monongahela Ry 3'As series B—'-1966
Morrell (John); & Co 3s debs—1__195S
s
m:i
I!
{
1978
22
99%
it.
1st
gold 3s,
Louisville Di.v & Term gold 3 %s_1953
1st gold 3s___
_1951
noc
.
St
Louis Div & Term gold 3s_
Gold
3%$—.
Springfield
Div
1st
gold
Western Lines 1st gold
Registered
111
Cent and
Joint
ill
*99 %
*100%
II
1951
*100%
:
100
oi
Consol
'——.1952
N J Junction
101 Va
New
Great Nor 5s A
102/1
102%
New Orleans
&
101/
101
•
II
—
96%:
97%.
90
89%
90'A
84%
88%
97%
87
81%
90%
v
38"
'9
-
85
99
85
99
*101'/a 102
—
J-D
*85%
—
J-J
—
90
77
gold 5s series C—__
61
61%
79
A-O
28%
27%
28%
258
571/4
61'A
57'/4
58
J-J
57'A
1944
A-O
62'A
1972
M-N
102
1956
57'A
62%
*95
__
;
58
9
& Clear 1st 4s
&
Lt
—1959
27/as—__1976
J-D
81%
M-S
1st gtd gold 4s—1990
97%
City Power & Light 2%s—1976
a-o
12
63'A
104
101%
61%
20
A-O
*99%
A-O
1st
City Southern Ry 1st 3s
1950
mtge 4s ser A
J
_1975
Kansas City. Terminal Ry 2%s
_1974
Kentucky Central gold 4s
1987
Kentucky & Indiana Term 4%s—1961
Stamped l._—
_1961
82
23
3
98
A-O
60
75%
Ref
N
98'A
98%
100
102%
103
96%
103'A
97'A
100'A
99%
110%
J-J
J-J
63
44
9£'
112% 112%
112 V8
*97
A-O
102
tAKreuger & Toll 5s ctfs
—1959
M-S
1%
Y
A
3%s registered
1997
108
95%
96 Va
3
88'A
96 %
J-D
89%
89%'
1
82%
89'%
1975
.
Dec
A-0
*__
92%'
F-A
*98 '/a
L1954
F-A
*98%
___/.1964
Lack
&
F-A
093
5s stamped
/
93%
F-A
*91%
1974
F-A
92%
92%
65
67
71%
75
Leh
Val Harbor Term gtd 5s
_1954
Lehigh Valley Ry Co NY 4'/2s ext_1950
Lehigh Valley .RR—
stamped modified
F-A
66%
J-J
75
..
2003
M-N
——__2003
M-N
M-N
:
68
67
75
36'A
324
27
38
39 3A
210
■30
34%
*32'/8
*
37
36
37
42%
45%
Liggett & Myers Tobacco 5s
1951
A-O
series A
series
1962
A
page 32.
M-N
1952
J-D
73%
»i2i
109%
74
'
'
30%
'i
9
109% 110
*108%
25'A
'
■
Y Steam
4s ser- A_^
4s_.
103% 103%
—
92%
20
100%
92%
93'A
61
41
3
104%
104
.
93%
80%
54
91%
80
92%
84%
•■V:
90%
89%
90%
31
78%
90%
97%
—
97%
97%
28
85
97%
96%
1
84%
96 V*
138
63
70%
A-0
A-0
74%
74'A
76
213
66%
76
32%
82
84
103
741/4
84
J-J
J-J
F-A
F-A
F-A
F-A
88'
87
88
21
79'A
88
76
82
62
69%
—
*82%
68'A
*66'A
__
83%
68'A
—
68 'A
68'A
67
67
68
7
62
11
96'A
96%
90
88%
—
88%
89%
100
100
*101
91
96%
2
81%
90
82%
89'/a
7
97
97
96%
■
100%
—--
-.««
100
100
7
97
100
100
-2043
1973
J-J
J-J
m-n
„
m-n
~
A-O
M-N
18%
18%
19%
141
J-J
May
69'A
42'A
68'A
69%
473
41'A
42%
1,158
.
63%
10
20
__
*96
68
57%
88'A
—
65%
60
*65
J-D
A-O
A-O
F-A
m-n
74
74
2
70'A
82
82
7
76%
82
77%
78
78
99
65%
79
74
I
10
19%
60% >70
31
1—1963
Corp 1st 3%s:_
J-J
J-J
;
J-J
F-A
F-A
m-n
J-J
F-A-
&
Bost
1st
1940
—1943
_1982
1978
4%s
J-J
1946
^_^_1966
m-s
^^2014
3'As_
AGen mtge 5s conv inc
&
Western Ry
Gen
&
ref
42%
A-0
A-0
M-S
M-S
1
General
3s
1st gold 4s_1996
ref 5s__
4'As series. A-
lien
4s__ ^
^--1974
registered
111%
Ref &
impt 5s series C
impt 5s series D
trust
4'As
Q-J
„1997
——
73A
260
4%
5%
154
98%
15
68 'A
21
6 6'A
66%
■
3
106% 106%
60%
«
41 'A
48%
38
30
40
16
26'A
19%
28
140
*75'A
98
98
^
Q-F
^2047
.2047
2047
—2047
1975
■
-
.
Q-A
J-J
J-J
J-J
/
107%
32
48%
30
40
26
8
12%
28
77
93%
98
103'A
115
9%
19%
11
106%
109'A
18%
70
74'A
126'
128'A
75
104
9
*107
49
129
116
128
M-S
95
*102
67
67%
*65'A
92
92
68
99% 100
,
107'A
101
89
61%
68
60'A
64%
26
87'A
94%
11
92
71'A
93'/a
99
96%
106% 107'A
107
75
127
109%
128%
*115
98%
104%
19%
108'A 108%
108%
104
68'/a
—
73%
78%
104% 104'A
18%
69
11
98%
105
12
48'A
101'A
? ■b- 5'A
95%
97
*'
—
Q-J
Jan 1 2047
lien"3s__•
109%
1
,
._1997
i.
registered
impt 4'As series A
Coll
,.1974
11
98%
Pacific Railway—
Prior
4s
gen &
9'/a
7
98'A
5'A
M-S
A-0
"
100% 101
10%
J-D
1977
& Gas 2%s
:_1
101
m-s
-^.-1955
Telephone 2%s ser D
Ref mtge 3'/as ser E
Northern
74%
34
100/101
102%
91%
June 1992
Ref &
I
13
2
92%
m-n
—
121
18
100
91%
1954
Y
Ref &
3
102%
104% 104%
^2007
6s
121
26
100
~
104%
1940
A
;
1
109%
25'A
67 *-'
102%
70'A
mtge conv inc 4'As ser A-2022
Norfolk
45%
123%
102
101
.,
92%
Ry Co—
37
36%
118
100
1957
trust
Falls Power
Norfolk Southern
34
5
105 '/a
115%
1973
series
4s
Niagara
40 Va
26
.
103%
22
117'A .118;/ ■;
96'A
ref mtge
t§AN Y West
36'A
26'A
45%
A-O
7s
5
39%
?6'/a
A-O
see
60
M-N
1965
For footnotes
37
20
M-N
Lexington & Eastern Ry 1st 5s
4s
93%
2003
Lehigh Valley Terminal Ry ext 5s_1951
gen
88%
82%
N
93%
88%
2003
i.
stamped modified—.
Electric
84
—
"9
103 7A 103 7A
•
*101%. 101%
—
68%
—
debenture 4s
North Central
modified—_r—2003
,
92
93%
101% 102%
96 'A
—
97'A
85'A
F-A
_1974
_I
2013
—;2013
§ATerminal 1st gold 5sl_
95
i:H-
68%
JN Y Susquehanna & Western RR-r
§lst refunding 5s_
1_
^
1937
§A2d gold 4'As
1937
—
__
^
ipp—'"
98V*
97
8
—
3'As
West
N Y State Elec
95
!_1964
—
1st & ref sink fund 5s
A Lombard
•
92
90
1017
F-A
coll gold
§ AGeneral gold 5s
__1954
stamped
stamped
83%
*98
*100Va 101
105
1998
registered
A General
.
1st & ref sinklund 5s
1st «& ref sink fund 5s_—
9OV4
92%
100'A
102%
-—
N Y Power & Light 1st mtge 2%s_-_1975
N Y & Putnanv 1st cons gtd 4s
11993
109%
102
J-D
—1970
3?As. ser AZ._11—
Lehigh Valley .Coal Co—
mtge
Little Miami
155
91%
97'A
28
JAHarlem River & Port Chester—
N
1st mtge income reg
Lehigh Coal & Navigation Co—
4%s registered
10.9%
84%
11
*101
A-O
A Gen
1%
Ltd—
A
5s
108%
30
98 .'/a
—
tAN Y Ont & West ref 4s
M-S
Tn
F-A
1st &
102
1
90
Hudson River RR—
&
§ACollateral
.
Laclede Gas Light 4%s conv debs—1963
Lake Sh & Mich Sou gold 3%s——1997
4s registered
103
98%
104% 105
t •'
91%
-1956
4'As series B
98
99%
IV*
—
92'A
^1954
impt 4%s series A
impt 5s series C
&
Y Central
1st 4s
4 %s stamped
92
102%
--
tN Y New Haven & Hartford RR—
176
169
102
N
50
98%
112'/a
97'A
*175
A-O
4s
73%
88%
—
Mtge 4s series B
114%
■".
97
—1997
-
101
—
—
98
98
,._1964
...■!.f, 5s
82
64%
F-A
.
1997
-—1997
3%s_——41998
3'As registered
1998
Mich Cent coll gold 3'As
1998
3'As registered
1998
New York Chicago & St Louis—
Ref mtge 3 'As ser E____—:
1980
1st mtge 3s ser F
^1986
N Y Connecting RR 27/as ser B—1975
N Y Dock 1st gold 4s
1951
N Y & Harlem gold 3'As
2000
Mtge 4s series A
2043
83
95%
*50
98
Koppers Co 1st mtge 3s_
5s
60%
68'A
47
*102%
1' •'
A-O
1956
4'As series D
Ref &
63%
102
2
*114
J-J
r1961
_.
deposit——-—
Cons 4s series A
58
50
70
—
101V4 102
*97%
J-J
J-J
1961
—
unguaranteed
of
ACertificates of deposit-,
58
94%
102% 102%'
101%
Kings County El L & P 6s
i
54%
14
73
New York Central RR Co—
28%
48%
101
*95
J-D
Kansas
F
45
82
60%
'i'
72'A
90
J-J
ACertificates of deposit
85%
52%
* "
ACertificates of deposit
K
S
79
J
102
RR—
A 1st 5s series C
3'As
Nitrate Co
68
101%
99%
104
5
59%
—
J-J
Lake Shore
Lautaro
61%
1
102
«...
J-J
General mtge
4%s
16
103
102
F-A
m-s
1983
Northeastern
A Certificates
99
100
1st 4s
Jersey Power & Light 3s
tNew Orleans Texas & Mexico Ry—
A 1st 5s series B
j.—_■
1954
85
95
85%
J-J
§ Alnternat Hydro-Elec deb 6s
Plain
68
103
--
A-0
1986
1974
RR gtd
A 1st 5'As series A
Int Rys Cent Amer 1st 5s B
Kansas
83'A
1'
•
J-D
m-n
4'As series A
;
1952
Orleans Term 1st gtd 4s—1—1953
New
114
"
Ref & Imp
'
July 1952
^.*195,6
—
cons
1st gtd 4'As series B„——,—1961
debenture's'——'
_—1982 '
A 1st
1986
Gas
ioo
-
9?
—
97'/4
1963
Adjustment 6s series A
1st 5s series* B
Kanawha & Mich
71%
F-A
•
3s
Union Ry Co—
Jersey Central Pow
300
*92
-J-D
m-n
101
.
.1963
Imp 2'/as ser C—
James Frankl
83%
72%
New England Tel & Tel 5s A——-1952
100
99%
—
O—
N
A 1st Cs series A
A 1st
—
J-D-.
tlnternational Great Northern RR—-
A
83%
80
5s__^___^1948
Newark
'
-
A
27%
71%
59%
A-O
97
-
7 : ii
*102% 105
•
1st ref mtge 4s ser D_.
_1963
Illinois Terminal Ry 4s
r A_/——1970
Indiana 111 & Iowa 1st gold 4s
1950
Ref &
/Corp -1st mtge
-196$
National Supply 23As debs—^—1967
ANaugatuck RR 1st gold 4s_„_—1954
1st mtge 3s /ser B__i.——v——-1986
3%s_—1951
4s_.
—
Indianapolis
18%
68
& St Louis—
New Orleans
1951
1st/ref 5s series ALL
ref 4'/as series C
1st &
813
67
J-D
National Steel
$5%
.
•
*97%~100%
1951
—
Chic St L &
::
*101% 102Va'
Omaha Div
National Dairy Products 2%s debs_1970
101'/a
102% 408%
.
Div
101 Va
Nashville Chattanooga
77
87%
-104% 104 %
-
Litchfield
104
95 /
107%
103%
98 Va
JH
tgist gold 48—1953
m
83'A
26%
83%
N
77
98
•*
72
81%
102
-
101% 102%
.
142
3'As
3s. ste
■$0: T
83%
83'A
'K
—
—
A-O
-
39%
71%
25
'
m-s
debentures
S'As
130%
82%
-
—
m-N
2%s__.7noc
.
;;
'
/M-N
;
1955
series B:
States Tel & Tel
25
m-n
30
453
1,214
!
100
98% 100
9
92%
100%
102% 104
137
99'A
104
32
THE
(2276)
COMMERCIAL
NEW
&
YORK
'
FINANCIAL CHRONICLE
BOND
RECORD
RANGE FOR WEEK ENDED MA* 21
■
Friday
Interest
BONDS
Friday's,
or
Sale Price
.
Bonds
January 1
NO.
Low
High
BONDS
(Wise)
1st mtge 2%s
Stock
Interest
Exchange
*95%
98 y4
97%
98 '/a
97%
*95'a
A-O
96%
46
1st mtge 4s series A
98yt
AGen mtge 4y2s series A
96%
98 %
98%
95'/a
'
A-O
96%
Seagram
(Jos
E)
1996
& Sons
O
Edison
1st
1948
mtge
J-J
—1974
14
13 y2,
MS
1975
3s
A-O
mtge 2%a
Oklahoma Gas & Electric 2%s
Bends
Range Since
January 1 7
'
Sold
High
14%
21
97 y4
98%
19
93%
36
98'/a
10
15
101% 102
103 y«
14%
&
Nor Ala
no.
98 Va
101'A
Low
j-j
70%
70
71
96%
96
96%
F-a
34
29
34
*94%
■
j "j
1976
j-d
1963
a-o
1979
j-j
j.
4
—
28'/a
RR 3s
97'A
100%
96.
124
—
2
124
98%
F- A
*-_
97%
A-O
104
104%
93%
101%
91%
97%
2%s
debentures
1985
F-a
2%s
debentures
1987
j~j
Southern Indiana Ry 2%s
Southern Pacific Co—
1994
J-J
1977
m-S
1969
M-N
Gold 4%s
1975
A__1960
ser
94%
93 %
94%
197
1981
87%
M-N
93%
92%
94
210
84%
95%
105
1st 4'/2s
Pacific
Gas & Electric Co—
1st & ref 3%s series I
1st <fc ref 3s series J
1970
J-D
1st & ref 3s series K
1971
J-D
1st 6c
1974
J-D
102%
102
102%
1979
J-D
102%
102 y8 102%
12
1977
J-D
102% 102%
1981
J-D
ref
3s
series
L
1st & ref 3s series M
....
1st <fe
ref 3s series N
1st 6c ref 2%s series P
1st & ref 27/«s series Q
Pacific
J-D
1966
1980
*107 Vi
96%
J-D
99%
J-D
95%
A-O
3 Vis
debentures
1987
A-O
3 Vis debentures
Paducah & 111 1st
1978
debs
s f gold 4%s___1955
Paterson <fe Passaic G & E cons 5s_1949
Pennsylvania-Central
3%s
inc
conv
104
100
103%
100
102%
99%
94 %
99%
11
97
26
91%
94%
102%
102% 102%
n
100%
27
102%
105 Va
102%
103%
j-j
*104
m-a
*101%
debs
1960
A-O
1952
jMf
1960
J-B
1975
A-O
100% 100%
.^1965
A-O
*97Vi
1960
P-A
-_1965
J-D
42
47%
3>
.
t
I
Sand
&
3%s
104
74
104
35%
*1037/a
103 %
88%
88%
88%
83%
83%
83%
J-J
94
94
94
J-J
-1956
A-O
115
94%
A-O
107
109%
deb
2%s
-1971
94%
112
116%
91%
94%
107%
18
105
108 Ve
111%
2
103'A
106
15
103% 103%
-1966
83%
19
105
97%
88%
76%
90
120
•
J-J
A-O
80
2
62
94%
J-J
1985
97%
95%
101%
11
'107
.1951
2%s debs_
102%
100
•
39
^
109 Ve 110
102%
104 Va
105
■
,
97
97'A
14
93'A
56
M-N
(N J)
>7
>
-1996
Calif 2%s debs
...
116%
94 %
A-O
1956
96 %
82%
92%
13$
.
—
J-J
Apr
Standard OH
49
57
11
46%
57 %
1
100'A
102%
102% 102%
F-A
95%
.95'A
Sun ray Oil Corp 2%s debs
-1966
J-J
-1972
J-J
96
*97
66
97 Va
92'/a
*96
Swift & Co 2%s debs.
102% 106%'
6
Tel
102%
*102% V
116%
95%
78%
j-j
Standard
Oil of
,
•
84
101
,:::v77 —
ASpokane Internat 1st gold 4%s_ -2013
Airlines—
Co—
Gtd 4s series E trust ctfs
Bell
J-D
-1956
St Louis Div
Southwestern
102%
,
,
-1994
Memphis Dlv 1st gold 5s
1st gold 4s
102%
104% 105 Vo
Pennsylvania
Pennsylvania Glass
Pennsylvania Power
1st mtge 3s
97 y*
*83
:;,;
10
„
1961
Devel & gen 4s series A
Devel & gen 6s series A
Devel & gen 6J/2s series
95%
98
97'A
1996
Southern Ry 1st cons gold 5s-
99 %
95%
96
*97 %
1986
2%s series F_
1st mtge 2y4s series G_
98
99%
*97
mtge 27/8s series E
1st mtge
102%
2
1st
102%
6
96%
99%
95
m-a
2%s
100'/a
1
102% 102%
1986
Tel & Tel
debentures
5
38
San Fr Terra 1st mtg 3%s ser A.1978
Southern Pacific RR Co—
108%
103% 103%
1985
27/b8
107%
(Oregon Lines) A
96%
.7 ;7
1.7,
t
34
91%
—
22
101% 101%
94%
92 % 'v 96%
Gold 4%s
Oregon-Washington
71%
92%
83
*120
—■
61%
96%
*100% 101%
95% 96
95%
High
68% 101%
233
a-o
1941
5s
27
"
j-d
..1965
,
RR gtd
101
1966
Southern Bell Tel & Tel Co—
3s debentures
102
:: 101
1971
Socony-Vacuum Oil 2%s
South
j-j
Jan 2016
2y2s
Skelly Oil 2%s debs
tOgdensburg 6c Lake Champlain Ry—
1st
Friday's
Bid & Asked
Low
t§ASilesian-Amer Corp coll tr 7s
Ohio
or
Sale Price
High
Shell Union Oil 2%s debs
A 1st guaranteed 4s
Week's Range
7'., Last
Period
Seaboard Air Line RR Co—
F-A
1974
—1975
1977
2%s
1'
■,
New York
Northern States Power Co-—
1st mtge
1st mtge 2%s
'
Friday
Range Since
Sold
Bid & Asked
Low
(Minn)
■
Week's Range
Last
Period
New York Stock Exchange
Monday; May 24, 1948
96
100
97
97%
96'A
98%
103%
Light Co—
debentures
98% 101%
97% 100%
16
99%
Terminal RR Assn of St Louis—
Pennsylvania -RR—•
Cons
.
sinking
General
4%s
Ref 6c imp
fund
4%s
series
A
General 5s series B—
«-_^_u.l968
General 4Vis series D____^___4_1981
Gen mtge 4Vis series E
;
Conv
deb
3 Vis
Gen mtge 3 Vis series P
Peoria 6c Eastern 4s ext
116
107 %
J-D
111%
A-O
103
1952
A-O
1985
1960
>111
&
&
ref
ref
97 %
100%
Co—
102
27/8s__
ACertiflcates of deposit
Phillips Petroleum 2%s debs
_1964
_____.>1953
gtd
4s
series
1
12%
12
115
*96 %
98
99%
97
98%
i960
F-A
1963
F-A
Cons gtd 4Vis series J
1964
M-N
*111
j-d
13%
8%
11%
*109
*104
94%
95%
'
'
•—■'
r
Gen mtge 5s series B
1975
Gen mtge 3%s series E
-.1975
Pittsb Coke & chem 1st
mtge 3%s_1964
Pittsburgh Consolidation Coal—
.
debentures
A-O
M-N
j-j
1958
a-o
109
109
109%
1st mtge 4Vis series A-;»i.Ji--»-_1958
1st mtge 4 Vis series B
1959
1st mtge 4 Vis series C
i960
a-o
Pitts Youngstown & Ashtabula
Ry—
1st gen 4s series A
1948
1st gen 5s series B
.1962
j-d
j-d
*87
88
88%
*87
—
117
——
"l
117
—
J-J
79%
MS
1968
j-j
1972
M-N
*104
2037
J-J
*105
*105%
1st gold
M-S
16
99
5s—1949
215
215
8
100
100 %
(Hiram)
100 3*2
100
10
99%
107
107
1
101
101
2
104%
94%
M-N
30
96'A
•
M-N
6c Elec Corp—
Gen mtge 4%s series
Oen mtge 3%s series H
Gen mtge 3%s series I
19%
90
^1967
M-N
105%
West Penn
145
West Shore
215
Registered
a„-:.•
Western Maryland 1st mtge 4s
210
>
__„1969
Power
3%s series I
70
' • l
5
83 Va
101,
107%
107%
*104%
104
105
'
J-J
9
9
7%
9
12
34
7'A
12
-V
2%s: debentures —.^..-...-..^■1971
As
1st
S
B
1st
48.^
tWisconsin Central Ry—
fA1tt fowarol dn
;
^Certificates of deposit
J-J
1958
<
1040
1996
St
1st mtge 4s series A
A 2nd
mtge Inc 4%s
-
1955
ser
99
73%
70
81
75%
99%
81
1-
71
A___jan 2022
J-J
1989
.
•
1989
May
58%
J-J
J-J
101
101%
•
16
99%
102'A
1
100
89
95
92
88'A
94
71
80%
94%
7
99%
101%
101%
98%
98%
97%
103%
99%
103
103%
*92'A
96%
"-.V
96%
98%
103
96%
98%
103
94
7
74
98%
101%
*110
V
103%
111%! 111%
73% .75%
585
39
102
;7
64
-
71
M-N
/
1976
J-D
1971
j-j >7.7
39
.40%.
19%
*_.
'7:43%
96%
■43
730
*96
93
*104% 105.s*
30
?r.7
.{*:>
96%' '
103 7' 104%
87
58
99
'A
376
80
88%
included
51%
59%
not
599
3
?86% 89
100% 101%
168
98% 105%
80%
89%
89%
101%
J-D
A-O
*102
*127
103%
„
.1976
J-J
101
102 V*
127
127
♦93
95
92%
92%
Deferred
88%
59%
M-N
Yonkers Elec Lt As Power 2%s.
99%
a
105 V* 105 %
7. M-N
Nov 1989 >;
1990
Gen 6c ref gold 5s series A
8t Paul 6c Duluth 1st cons
gold 4s_1968
St Paul Union
Dept 3%s B
1971
Scioto V 6c N E 1st gtd 4s
87%
67%
97
J-J
Service 3y4s
69%
57%
79%
*77%
96 Va
'
Louis-Southwestern Ry—
%
*100%
A-O
J-J
__1997
1st 4s bond certificates
2d 4s inc bond ctfs
98
J.J
1996
St L Rocky Mt 6c P 5s
stamped
St Louis-San Francisco
Ry Co—
r
M-S
101% 102 %
*103
Wisconsin
...1971
109
59
119
*98'A
Certificates of deposit
Wisconsin Electric Power 2%s^
series A
St Lawr 6c Adir 1st
gold 5s
2d gold 6s
23
100% 101%
101
J-J
§ ASu As Du div As term 1st 4s—.1936
Public
66%
107%
106%
-
98'A
J-J-hr
...
7
'
99% 100
A-O
I960
;
66'/a
105%
35
90'A
M-S
1967
mortgage 3S
31
46
69%
101
109
97V4
J-D
1970
3'As series D
Co
107'A
68'%
—
98
M-N
-
55
100
108
—
92'/a
-
MS?
1949
—-1992
7,7;
100
t
A
Saguenay Power 3s
7—
J-J
■
8%
10
-•
M-S
1951
100 %
-
M-N
Wheeling Steel 3lAs series C_
102%
107
66 Va
1960
106
47%
108%
68%
1951
103
■
107% 108%
M-S
1950
96
*108
M-S
;
99
85
12
56
94%
17
'
"-'199%
J-J
25-year gold 5s
30-year 5s
99
30
96
*99
'
j-d
...
83%
85
'
—
1966
Gen As ref M 2%s series A
92%
*106
J-J
99%
90%
'
38
99
7
*54%
—
May
Winston-Salem
'
101
75%
'
105 % 106
A-O
k,
100 V*
M-S
1941
99
j-d
1952
Wilson
J -J
100 3la
107
74
99
95
—
2361
1st 4s guaranteed
....
*106
1949
99
f-a
-
M-S
1967
Gen mtge 3y4S series J
fARut-Canadlan 4s stamped
tiARutland RR 4%s stamped
83%
84
98
—
F-A
107
U-S
—
83
M-N
103
K M-S
•
99'A
*82
—
A-O
1st mtge
1977
99
99'A
Apr
Warren RR 1st ref gtd gold 3%S—2000
Washington Terminal 2%s ser A
1970
Westchester Ltg 5s stpd gtd—.1950
Gen mtge 3'/2s
1967
'amm
8%
98%
92%
102% 102%
Rochester Gas
100 &
debentures 3%8.1976
Wheeling As Lake Erie RR 4s
88
99%
103
111
A-O
1970
■
92%
94 %
103
107%
241
J-J
G As W 2%s debs-1966
conv
Baking Co—
5%sdebs (subordinated).
R
lf-N
105
105%
97%
109'A 111
Apr
Westinghouse El & Mfg 2%s
,»
105
1995
105%
——
i
105%
—
1958
142
105'A
97
»
2003
1st gtd 5s
Funding As real estate 4%s
'
110 %
M-S
Gen mtge inc 4 Vis series B^Jan 1991
Ist mtge 3yi8 series B
1971
mmmm
90
*107
97'A
90
*102% 103'/2
A-O
Western Pacific 4%s inc A
Jan 2014
Western Union Telegraph Co—
Reading Co 1st & ref 3y«s ser D__1995
Revere Copper & Brass 3y»s
1960
95'/a
4
106
97%
M-S
1963
117
——
19
93 %
93
F-A
116
—
*141
19
91
96%
93
Apr
Walker
*99%
93 y4
98 %
_5
Ward
.
102'A
87%
96
93%
*95'/a
M-N
Jan 1981
Walworth Co
M-S
96%
15
Co—
101
M-N
101
23
93'A
93%
103%
98'/a
W
RR
106%
J-J
J-J
93
98 ya
101
34
*98% 100
1955
Gen mtge 4s inc series A_
100
1956
1964
109%
96
—
103
101% 102'A.
A-O
100
105
1957
Quaker Oats 2%s deb
102 %
89%
*106%
J-D
107
97%
88%
5
1983
2037
97%
85
J.
*99% 100%
M-N
89
81%
3
tAProvldence
1st <fc ref mtge 5s
1st 6c ref mtge 8s
95
1957
5s
cons
106
1st. mortgage 3s._._._.
t A Providence Securities 4s
,
As Southwest
1st
100%
F-A
— —
99%
103
MS
1959
debentures—.
conv
106
——
64%
97%
*98%
F-A
1976
cons g 4s series A
f 4s series B
100
J-J
42%
*109% 109%
103
A-O
lofi?
Iron Coal As Coke
—
*118%
—.
71%
97%
J-D
100
j-d
j-d
J-J
1966
Virginian Ry 3s series B.
102
1977
Public Service Elec & Gas 3'As
1st & ref mtge 3s
97%
M-N
1976
Va
103%
79%
20
83
*
F-A
•
APittston Co 5Vis inc deb__
1964
Potomac Elec Pwr 1st
mtge 3%s__l966
4s
3 V8S
Wabash
„
Terminal
102%
—
88%
6
43
325
*101%
•
A-O
Virginia Electric As Power Co—
1st As ref mtge 2%s series E
1975
1 st At ref mtge 3s series F.—1978
103 %
89
88
—
A-O
-
1st gen 5s series C
„._.-___1974
1st gen 4Vis series D
1977
84%
3
99%
81%
59%. 62 '
111
101%
—
>■
112%
5
100'A
100 V*
97
'
8
103'A 103%
*100
__
99
99%
79
MS
1991
Uhited Biscuit 2%s debs
U S Rubber 2%s debs
Va
1965
Pittsburgh Steel 1st mtge 4%s_
Pittsburgh 6c West Virginia Ry—
88 %
87%
101% 101%
101%
101
RR—
debentures
2%s debentures
103
110
94%
99
89
> *98% 100
1970
mtge 2J/2s series C
Cons s
_1970
46
99%
1967
Vandalia RR
5s series A
1st mortgage 3%s
Pacific
Ref
103
103
—
99'A 101
92'A
105%
110%
113
124
6i y8
1971
Universal Pictures 3Vis debs
— —
121%
\
1975
debentures
2%s
101%
10%
102
*10.9
a-o
2%s
110
*113
-
of Mo 3%s
1st mtge As coll trust 2%s
Union Oil of Calif 3s deb
100%
6
101%
*101
2
M-B
Union
__
*104'A
11
J-D
Union Electric Co
Pgh Cine Chic & St Louis RR—
;
J-J
1960
—-
—
15
97
124
U
101%
*102
j-d
M-N
H
3Vis
J-D
A-O
100%
98%
97'A
6
97%
99
95
108'A
5
18
101
106
110
14
12
116 %
97 y8
58
;
1974
Tol As Ohio Cent ref As
impt 3%s
Trenton Gas As Elec 1st
97%
„
—
114%
103%
x
105%
V 124
97;,
101 ;
Jan 1960
Third Ave Ry 1st ref
AAdj Income 5s
118
105
26
%
98%
101% 101%
~
F-A
1957
99%
99
12%
*10%
101%
4 Vis series I
Gen mtge
J-J
gold 5s
1949
Tri-Continentai Corp 2%s debs
—1961
105%
7
27
J-D
103
105
--
A-O
1985
Texas Pacific-Missouri Pacific— ;
Term RR of New Orleans 3%s
68
25%
106
105 %.-
A-O
1990
2000
Pacific
1st gold 5s
Gen As ref M 3%s series EJL
'
102%
*100% 100'A
—
Cons gtd 4s series F.
Cons gtd 4s series G
gtd
98%
.
Cons gtd 3%sseries E
Cons
-
99
1
100% 101'A
93%
j-j
Ry—
*___w—1949
Cons
100%
99'A
j-d
sj?
14%
15
118
99%
7
F-A
& L Erie 27/Bs__1996
Louis
102%
107% 108'A
F-A
__1978
St
59 Vi
103
108% 110
J-D
1937
&
97
118
M-N
4s
Pgh cine Chic
15
24%
107%
M-N
•
1981
Pittsburg Bessemer
68
-
102
J-D
1971
2Vis
f
;
22
85
Texas &
*114% 117
*100
-
M-N
"
'
1974
s
78%
67
j-j if
..1967
1st
89
J-J J
A-O
1985
.1965
1st & ref M 3%s series C
.
*104%
J-J
1961
.
tSAPhilippine Ry
111%
103 V*
82
2019
i
Texas & New Orleans RR—
*
- ..vi:; 1st As ref M 3 %s series B^.l.1970
103%
94."
99% 100 %
F-A
1977
tr 4Vis
lst& ref 2%s
1st & ref 2%s
1st
104%
94
23%
M-8
1974
1st 6c ref 2%s
::.:;< lst
30
107%
57
*86%
Apr
99%
M 4s series C
imp 2%s series D
Texas Corp 3s deb
'
;
General gold 4%s series C
Philadelphia Co coll
Philadelphia Electric
111%
Ref 6c
20
A-O
Phila Bait & Wash RR Co—
General 5s series B
148
117
102 % 103
99%
F-A
112
10
102 Vi 103%
t
J-J
A Income 4s
_Apr 1990
Peoria 6c. Pekin Union
Ry 5%s--j_1974
Pere Marquette Ry 3%s ser D
.1980
117
105% 107%
103%
J-J
_1984
v
.117
in
delivery sale not included In the year's range. 7 d Ex-interest,
e Odd-lot sale not
the year's range. • n Under-the-rule sale not included in the
year's range.r Cash sale
included
in
the
§ Negotiability
year's range,
y
Ex-coupon.
impaired by maturity.
pound unit of bonds.
Accrued
*
tThe price represented is
Interest payable at the exchange
the dollar quotation per 200of $4.8484.
rate
tCompanies reported as being in bankruptcy, receivership, or reorganized under Section 77 of
the Bankruptcy Act, or securities assumed by such
companies.
'Friday's bid and asked prices; no sales being transacted during current week.
A Bonds
selling flat.
•.
-
•
•
Volume 167
33
(2277)
& FINANCIAL CHIIO
THE COMMERCIAL
Number 4701
.
3NEWS YORK CURB; EXCHANGE fSaSSIifi
WEEKLY. AND
RECORDS
YEARLY
the week, and when selling outside the regular weekly
sales are disregarded in the week's range unless they are the only transactions of
footnote in the week in which they occur. No account is taken of such sales in computing the range for the year.
NOTICE—Cash and deferred delivery
In
a
In the
following extensive list we furnish a
complete record of the transactions on the New York Curb Exchange for the week beginning on Saturday,
daily reports of the Curb Exchange itself, and is intended to include
May 15, and ending the current Friday, May 21.
It is compiled from
whether stock or bond, in which any dealings have occurred during
v'Week's
Friday
V Last
ACF-Brill
Co common
Acme Wire
Adam Hat Stores Inc
Supply Mfg
Aero
Air
Investors
common
preferred
Convertible
■
(N J)
Inc
Associates
Air
SAirefln Mfg Corp common
60c convertible preferred
Electric Appliance
Air-Way
Alabama
Great
Southern—_
Alabama
Power
4.20%
Alles
Fisher
&
common
Internat Investing
Allied
Allied Products
Altorfer
Bros
(Mich)
Corp
common
35
Jan
Mar
100
300
4% Mar
7%
2%
3 Va
4,400
1% Jan
3% Mar
2,000
1%
1%
4%
Burma Corp Amer
Feb
Jan
100% May
93 Va Mar
Jan
67%
8,400
6
;
Apr
Apr
17 V* Mar
Apr
22
Jan
14
Mar
Feb
67% May
Feb
97 % May
97%
800
92%
22
23 V*
500
22
11%
12 Va
600
9
*
49%
82
17,800
36
1
American
Beverage
1%
2
15.900
1
100
common
American
Book .Co.———
American
IV,
2%
900
1% Mar
82%
82%
10
82% May
2,800
5% Mar
Mar
*
Feb
Mar
25
Jan
13"
Jan
52
May
1% Mar
2%
Jan
2%
Jan
Jaa
90
Cities Power & Light—
16% Mar
11,800
31
Feb
39 Va May
111
111 Va
150
109
112
I- Vc
9,400
Apr
Feb
6 Va
preferred—.
convertible
Hard Rubber Co—...»
American Light & Trac common
preferred-
American Mfg Co common
1%
Apr
3Va May
Jan
36%
37
125
Jan
40
39%
Apr
43%
Jan
17%
17%
300
16
Feb
18%
Apr
30 %
29
- Mar
32%
32
19
7,100
31 V»
200
16
17%
'
33
1,550
18 %
31
20
25
25
25
American Laundry Mach.
7 V,
2%
10c
1
1
25
$2.50 convertible preferred.
American
6%
1,300
39%
100
American General Corp common
$2
18%
38
•
com
preferred
4%%
s
17%
10
common
American Gas & Electric
l,.!CO
.
Feb
15%
31
May
19
Jan
May
32 Va
Jan
Feb
3
17% Mar
Feb
14%
5
Apr
23% May
American Maracaibo Co
1
4%
54,800
American Metal Products Co
2
23
23 %
500
17%
*
*
—*
47
49
700
38
Mar
51
34%
35 %
50
31
Feb
36
34%
36
5,000
x30
Feb
36 Va
25%
26%
4%
Potash & Chem class A
Class
B
10
2
Republics
American
Feb
Seal-Kap
American
common
$6 series preferred
American Thread 5%
—
1 Va
57%
6%
Angerman Co Inc common
Anglo-Iranian Oil Co Ltd—
Amer clep rets ord reg
Apcx-Elec Manufacturing Co
Appalachian Elec Pwr 4%% pfd
Calamba Sugar
Common class A
non-voting
100
15%
Apr
18% May
3%
1,700
3
5.000
8%
Feb
105% 106%
12
May
Jan
4
12%
Apr
600
98 %
Jan
106% May
5 "a
5
5%
4,800
4Va
Feb
5% May
8 Va
7%'
8%
8,500
4%
Feb
8% May
7%
8 %
112,800
4%
Feb
10%
10%
900
106%
8'/*
Feb
8 %
May
10%
Jan
114
12%
12 V*
13%
3,600
10 Va
Feb
I8V2
19%
24,300
12%
Feb
20
Fisheries
50
6%
Feb
4
4,700
61%
—
63
63
400
7%
7%
31 %
30%
1
*
6%
5%
8
5
25
15
14%
23
23%
24 »/a
3
Ayrshire Collieries Corp com
Jan
4%
Apr
63
May
7% May
3%
Feb
Feb
4%
Jan
6%
800
6%
Feb
8%
Apr
10% Mar
15Va
Jan
24%
25% May
1,000
25
15%
1.300
24%
Feb
Feb
32
May
24% May
Baldwin
7%
Locomotive—
.
—30
preferred
Bread Co Ltd.———
6%%
f:'i American
Canners Ltd
& $1;20 convertible A common
Basic Refractories Inc
(L)
& Co common...
Beau-Brummel Ties common..
Beck* (A S)-Shoe Corp...—
Aircraft common
Bellanca
Bell Tel of Canada—
...
j" i Benr.us Watch Co Inc—.—.
'"
J
*
v
;
Benson
&
Hedges common..
.1
g
Bickford's Inc
•
■-,,
i<:
A
Class
—
pfd
Carolina Power & Light $5
Carr-Consolidated Biscuit Co
dep rets B ord
Amer
1
♦
•
7% 1st preferred.-.
——100
Borne,. Scrymser Co...
***..
25
Bourjois Inc..
—•
Brazilian Traction Light & Power
*
Breeze Corp common..„-.-*ir—*-*-1.
Bridgeport Gas Light Co
:
*
Bridgeport Oil Co
•
•
Brillo Mfg Co common
i
.._*
(H C)
Casco
(J W)
Co new common.
i 3
3Va
139% 142%
*
9%
9%
20% 21
Class A_—"
——
•
...
British-American "Oil • Co——
British
Amer
American
,
For footnotes see page 37...
5%
17%
Jan
7% May
15 Va May
lCV* Mar
50
5%
Apr
Apr
7
May
14 Vs Mar
17
Jan
1%
v
Jan
125% Mar
750
500
8% Mar
L9
600
Jan
3%
Apr
142% May
10%
Jan
22
Apr
Apr
33
16 % Mar
18
31
%
.
1,400
8%
3%
9%
4Va
■
102,400
10%
1,600
Feb
6% Mar
2% Feb
8 j/b Mar
33% Mar:
50
39
'
Jan
8%
Jan
Apr
10 % May
4 Va May
10% May
43
8%
-
18%<
17%
10%
11
12%
12
12 %
'
V*'
__
,;-,v
__
v
Jan
May
11
Jan
'
20%
21%
-■
12
12
150
22% May
18
25
16%
Apr
xl4% Mar
May
23 •'
18
-May
xl4% Mar
:'vV
'■-*
11%
12%
12 V*
Feb
12 V* May
Mar
1Z% May
9:
1,200
11%
12Va
500
8
4%
49
~2% 1%
49
48%
725
3,500
Feb
Mar
35
1,900
4%
4
1%
14,100
r
9%
9Va
8%
Jan
3% May
<
390
48:
Apr
109 % 109%
25
108%
Jan
5Va
19,100
3%
Apr
48 V*
49
4%
~5% "£%
1
6
4% May
100
5Va Mar
Jan
7%
IVa
7Va
7,000
6
Mar
preferred—
-100
Products. _—.——1
4% pfd
100
78%
78%
79%
60
18 Va
19%
1,100
-.5
10%
19
83
of America
West Cofp.^
6%
*
19
81
Cessna Aircraft
100
100
100
10
Charis
Corp common
City & Suburban Homes
Clark Controller Co
Clarostat
Mfg
1,180
21
21 Va
13
21
2,350
18
4%
54
1,375
12
Feb
21 % May
1,100
10%
Apr
13 Va
Jan
3%
Feb
5%
Apr
7Va
8%
1,100
23%
125
20 % Mar
66
175
54
17%
359
Jan
Jan
Apr
70
Jan
15% Mar
18
7%
500
5Vb
Jan
Jan
7% May
7%
7%
2,300
5%
Jan
7% May
1%
1%
19,500
Va
57 Va
51,300
31%
Feb
18
13%
14'/*
10%
500
18 %
Feb
Feb
9'/a
14
3,600
38% May
2%
2%
2%
2 %
5,200
1%
2Va
107,400
1%
9 >A
2%
Apr
2% May
Jan
Feb
9%
,
Feb
2 Va
9%
May
58
14 V* May
11
Apr
11% Mar
1,100
10'/*
18
13%
1% May
Feb
54%
-4
Clayton & Lambert Mfg
Clinchfield Coal Corp common
Club Aluminum Products Co
Jan
13
25%
Mar
1
Claude Neon Inc common
8%
Feb
7%
7%
7%
1
May
5,100
5 Va
16%
1%
56%
1
Co
May
May
21 i
Mar
63 %
65
17
.
83
Feb
13
310
12
5
10
Auto Stamping
21
83
23%
1
10
Cities Service common—
City
8%
5
10
4
*
*
Cherry-Burrell
common
Chesebrough Mfg common
Chicago Rivet & Mach—--45
Chicago & Southern Air Lines.
Voting trust ctfs...
1:4
Chief Consolidated Mining-.*.
Apr
Va May
85% Jan
>10% May
>31,700
18%
18
4%
2.50
10
Chamberlin Co of America
10%
10
74
12 V*
18
1
Co common
19
t
5
6% preferred.. 100
preferred—
—
pfd opt div ser
Conv pfd opt div ser 1929
Century Electric Co common
7 % Mar
400
10%
41%
1,700
24
Jan
46%
Apr
*
6%
6%
100
6
Feb
7%
Jan
*
12%
12%
100
7%
Feb
5 V*
5%
6,900
3%
Feb
6
7%
9 Va
17,900
6%
Jan
9 Va May
6
Apr
7%
20
Cockshutt Plow Co common
Colonial
1,000
800
*
Colonial
Sand & Stone Co—
25
1
warrants—
35'/a
& Southern
Community Public Service—
25
i9o
28%
Hotel
ext
Vtc
.
to
7%
1
♦
1956—
Consolidated Royalty Oil
5
10
__*
Corp—„——1
1—1
Cook Paint & Varnish Co—
*
Cooper Brewing Co common
1
Copper Range Co
...
—*
Cornucopia Gold Mines
5c
Coro
Inc
*
Corroon & Reynolds common
1
2%
15 '/a
Continental Car-Na-Var
Continental Fdy & Machine Co
class
preferred
dep
receipts
Brewing
5%
4,700
Feb
5 Va May
V8
H;
197,500
jV Jan
fW May
28 :V*
29 Va
300
25% Mar
10
1,550
1,100
63% Mar
170
107 V8 Mar
101% 103%
100
100 V*
10%
3,600
100%
4,200
3 V*
3%
1,200
34%
36 V*
4,500
2'A
2%
1,100
14 %
15%
5,400
36%
350
114'/a
10 Va
97
2%
1,500
13%
2%
13
T3.950
3 Va
Jan
5'Va' May
2,200
13 Va
Jan
15% May-
4%
Feb
14,200
4-5
*
7%
15
25o
•
10
3%
5
19%
Crown Drug Co
Crystal Oil Refining
Apr
common
common—
preferred
common
—
100
Cuban Tobacco common
—*
Curtis Lighting Inc common
2.50
Curtis Mfg Co (Mo)..——8
Apr
5%
1%
8%
9
Feb
Jan
15 %
1
•
1
Apr
2%
14
Feb
4%
4%
Jan
Jan
40
2% Mar
8%
Jan
15% May
Feb
14%
5%
49'/*.
16
2%
Feb
Mar
30
11% Apr
-4%
12 %
Apr
4
36V* May
9% May
47 Va
23
2Va
11 Va
Feb
10,000
10
4%
48%
Jan
29%
May
(ord reg)__£l
5
"A'f partic
]0% May
300% May
2% Mar
~
% May
1,200
—
Feb
Apr
Jan
70
114% May
103V* May
13,100
%
%
9%
Feb
8% Jan
72 V*
May
8%
Feb
7%
8%
——
6%
66 V*
7%
56 Va
Feb
preferred
35%
4%
7-%
Crown
5 %
4%
34%
52%
11% Mar
Atlantic Sugar
1,450
38% Apr
8%
56 %
19 % May
$6
6% May
Feb
%
1
Co—
Cork Internat'l
Feb
50
convertible preferred
Courtaulds Ltd—
5%
Petroleum—
3%
29%
16.300
Cosden Petroleum common..
American
2,800
52,300
,
*
A
Feb
7 Va
35
2%
13%
,
$1
May
6%
113
103 %
10 %
99 '/a
3%
35'A
1
Consolidated Steel Corp common
12% May
5 Va
65
100
100
series B preferred
% Feb
9%
5
Inc—j.—...
Shoe Machinery—
Compo
39
6%
6%
warrants
8
«
5%
8%
1
1
Airlines
13% Mar
».
4,100
•
41
Development ordinary
Colon
Cuban
-
23
18
31
Crosley Motors Inc
Crowley Milner & Co
Crown Cent Petrol
(Md)_,
14 Va
—
18% May
-50
7 %
Croft
125
V30
24%
1,500
19 Va
10%
Feb
3,600
Conv
Creole
Mar
113
210
30
9%
:>
12%
22%
10
1
22
27
9
200
6%
common.—.—
& CO—
§ Central States Elec
Jan
Apr
8% May
30
119 % 122
122
7%
•'
175,';
10
39
20%'
vVr
£1
Tobacco—
dep rets ord bearer—i
Amer dep rets ord reg.—
.O
6% May
Feb
15
1,100
4
10%
3% Feb
18%
38 Va
(AM)
Consolidated Mining & Smelt Ltd
'
__
Apr
Feb
18
38%
Products
4% preferred series C
—4
Consolidated Gas Utilities
t;
Co common
8 V'fl May
4% May
20
Jan
3%
18%
2s 6d
...
Jan
_•
Ridge Corp common..—
Bohack
18
Ltd—
Carreras
11
4% Mar
•
Blumenthal <S) & Co common
Feb
6% Mar
109%
5%
Carnation Co common
Jan
10%
78,100
6%
700
,
6%
2.50
*
—*
1
Carman & Co...
Consol G E L P Bait common
16%
9
Apr
2% Jan
7% Jan
2% Mar
2%
Jari
15%
-7%
11%
2% Mar
3,800
48%
9Vs
Mar
__
8
100
3,700
•
1
14
__
10
Feb
3%
16,100
2%
8 Va
—1
36
150
.3
Blue
May
■,
—
6%
4%
i—
Marconi—
Jan
common—*
common.
5 Va
3%
Capital City Products
—*
Carey Baxter & Kennedy Inc
Canadian
Mar
3,300
._
Apr
*7%
100
9
7%
15%
__
12%
7%
•
*
preferred..—J——
7 '/o
34
15%
3Va
139%
Jan
May
12
100
1%
8%
7%
7
15
3%
2%
,
—
10%
—.
200
37 Va
6%
Feb
800
9,500
3%
100
2'/a
30
20%
Feb
5 Va
13% Mai3
1%
Jan
% May
10 Va May
'9May
7
8
Apr
16
May
3Vi May
Mar
Mar
26
Apr
1% Jan
5% Mar
6,900
33
49
Feb
Feb
2,100
7%
47/»
Feb
6,100
16
8%
56 % May
Mar
1
15,600
1%,
9
18%
4%
13,400
10 V*
32
46
Apr
Jan
Apr
9
UVa
5%
5%
15%
15%
.
1,150
50
200
16% Mai-
20% May
100% Mar
8,700
104% Jan
7% Mar
4% Marq
13% Mar
f
1% May
Canadian Industries Ltd—
100
10 V*
6%
15
7
Feb
17
■.
3%
••
^
voting.———
Class B non-voting.———
1,000
34
15%
—
1
1
—1
1
1
,.100
1
...—•
.1
Ki Birdsboro Steel Fdry & Mach Co com.*
Blauner's
59%
3.000
59%
__
BVa
6%
5
|| Convertible preferred....
:iT
.
—
1
'
;
12
Feb
3%
*
•
common.
preferred-—Canadian Industrial Alcohol—
4%%
shares;..
Steel Corp.1.
Barlow & Seelig Mfg—
Barium
Baumann
10 V*
%
2'/* Mar
8,200
2%
..20
preference.———
Canadian
Commonwealth
34
S%
__
1
Rubber Co common
Banco de los Andes—
12
5%
5
*
*
Canada Cement Co Ltd common
,
Baldwin
;
V
23% May
Mar :
37.500
1
Camden Fire Insurance—....
Commodore
57%
57'%
250
IVil
3%
1
Colt's, Manufacturing Co—...
B
—•
f
1
£1
1
pfd
Power...
Colorado Fuel & Iron
Babcock & Wilcox Co——
13
May
12% May
'
Mar
Apr
25%
"a
1 Va
10 V* May
24%
15
25%
Jan
2,500
8%
Automatic Voting Machine
Mar
52
8%
3,300
6%
8%
2% Mar
Apr
60,800
32
1
Products Inc
IBP) & Sons common
preferred
2,300
1 Va
6%
7
Corp warrants
Plywood Corp
%
9
3%
1
50
Coa^t Line Co—
1,000
8%
8%
—
6%
Apr
Feb
7%
£1
*
*
1
Laundries of America
Automatic Steel
10% May
112
19%
Associated Tel & Tel class A
6%
13%
2.50
Electric Industriesrets reg
Atlantic Coast
Avery
6% May
—1
American dep
Atlas
Feb
•
Equipment Corp
Atlas
5%
11%
16
2%
—
common——50c
Corp——
Tungsten
Central & South
Jan
May
13% Jan
$7 pfd
Ashland Oil & Refining Co..
Atlantic
1,000
10
preferred
Associated
8%
1
Arkansas-Power & Light
Associated
Apr
Feb
11%
10Va Mar
3.400
Central Power & Light
6%
3 Va
1.500
,,
3'/a
Central Ohio Steel
6V4
3 3a
13 V*
28
1 Va
Estate
Electric
California
Callite
3.50%
Apr
*
*
Inc
Arkansas Natural Gas common
Aro
4%
2,000
18
1
1
100
13 V*
29% May
17 % Mar
12%
22 Va
25% May
Central Maine Power Co—
Feb
1,700
£1
Angostura-Wupperman
42'*
500
7
May
400
Wireless—
&
Catalin Corp
% Mar
3,800
2
1
Anchor Post Products
6%
74,800
4%
11%
21 Va
1
American dep rets 5%
Castle
Feb
3
600
1%
60
4%
preferred
5
American Writing Paper common.—5
Argus
4%
4
10c
—*
Superpower Corp com
Amer
Jan
18% Mar
14,800
11%
'
,
May
12
Feb
7
Apr
£6
2,400
22
12%c
25c
Cable Electric Products
Cables
Carter
American Meter Co
American
27
Convertible
7Va May
18% Jan
....—.l'
Class
American Fork & Hoe
12
29 V*
24%
16%
8,300
9,300
Jan
23 V*
£ 2% May
Apr
Jan
7
May
3% May
22%
'50
96%
Co
Car
10%
27%
dep rets
Burry Biscuit Corp
Butler (P H) common
Canada
Bantam
American
,
11%
2.50
Jan
1%
4% May
2%
3%
65
26
26'/*
Ring Co
Burd Piston
Jan
73
450
24%
29%
*
Jan
87
21%
,
2Va
May
20
__
1
common
Bunker Hill & Sullivan
1%
100
7
7
26
2
125
•
2.50
common
new
8% May
11.200
20%
1
Buckeye Pipe Line
36
High
300
23 Va
--5
*
Co
3%
390
91
4 Va
L)
Range Since January 1
Low
2%
22%
22%
—
Bruck Mills Ltd
Feb
300
100 Va
96
90 Va
(E
Shares
High
2%
*
Brown Forman Distillers
Bruce
Low
—
—
Jan
2,200
8%
Class B
5%
1,400
7%
Apr
for Week
of Prices
—10s
dep rets ord reg
British Columbia Power class A
2
11,200
3%
Amer
3% May
Apr
Feb
3
36 V Apr
% Jan
Range
Sale Price
Ltd—
Celanese
British
Brown Rubber Co
9%
G % Mar
600
2%
Apr
14% May
xli% Mar,
700 '*
of America
Aluminum Ltd common
Jan
5% Mar
3% Mar
31 %
every security
Week's
Last
Exchange
Par
6%
*
common
Co
1,900
2,800
3%
Mar
2
Curb
High
Low
32%
common—*
$3.75 cumulative preferred
100
Aluminum Goods Mfg
*
Aluminum Industries common
*
Aluminum
Range Since January I
6%
100
—1
1
1
5
pfd__.
Inc
Airlines
Alaska
Shares
York
New
32%
*
5
1
2
10
50c
10
3
50
Agnew Surpass Shoe Stores
Ainsworth Mfg common
4%
4
1
10
1
—1
Alloys
Aluminum
Acme
3%
3
Motors warrants*—.——
STOCKS—
for Week
High
Low
Par
>
of Prices
Sale Price
Curb Exchange
New York
Friday
Sales
•
Range
the cur rent year.
FOR WEEK ENDED MAY 21
RANGE
STOCKS—
ranee are shown
11 Va May,
'
8
16%
Jan
Jan
:
;
commercial & financial
the
(2278)
34
York
new
exchange
curb
'Ill' ORANGE FOR-\yvm J?NPEI* MAT
Friday.,
Last
STOCKS—
New
a;
_•
''ii
-v.s
'
'
-
;• ••
Range
Sale Prica
Exchang*
Curb
York
"...
Week's
of Prices
Par
'
Low
Monday; May 24, 1948
chronicle
:
Friday
Sales
Shares
New York curb
Range Since January 1
High
Exchange
Davenport Hosiery Mills
35
1
Dayton Rubber Co class A
Dejay Stores common
Dennison Mfg class A common
35
8%
debenture.
Derby Oil Co
35
7%
34
100
0%
1,200
8
1,300
5% Mar
4,400
9%
34
"7%
ii %
5
11
11%
140
___
common
Gasket
Detroit
Steel Products.
Apr
Jan
Apr
Feb
37%
7% May
Feb
35%
8
May
11% May
Apr
140
8
&
Manufacturing
Detroit Gray Iron Foundry
28
26%
28%
6,500
18
Feb
28%
Apr
10%
10%
10%
400
9
Mar
11%
Jan
3 %
May
2% Mar
2%
3%
6,800
22%
26%
3,500
18%
Feb
26 % May
13%
13%
100
12%
Jan
13%
7%
7,400
5%
Feb
3
1
26%
...
*
Devoe & Raynolds class B
Diana Stores Corp common
Jan
1
...
Detroit
Jan
7%
—.35
.....50c
~7%
—500
7
Jan
7% May
Distillers Co Ltd—
Amer
dep rets
ord
14%
£1
reg
Dobeckmun Co common
1
1
2%
•
Dominion Tar
Draper
9% May
1,600
7,000
28
Apr
2%
75
Apr
21% Mar
15%
16%
13,000
11%
Feb
11
11%
1,100
9%
Feb
76
78%
500
80%
16%
common.
•
Corp
82
100
65
Mar
36
76
May
12%
Jan
3%
Jan
28
May
16% May
U-
11% May
79% May
38
May
82
May
8
Co.
Jan
74% Mar
Jan
8
12
10
...
15
•
•
1
Dunlop Rubber Co Ltd—
(
Amer dep rets ord reg
£1
Durham Hosiery class B common.
♦
Duro Test Corp common
1
Duval
Texas
—
4%
0
Sulphur
5
14%
14%
—
—
Jan
Feb
14
Jan
1,900
3%
Feb
5
May
700
12%
Feb
__
—
5
14%
Jan
e
East Gas & Fuel Assn
80
80
82
82
80
83
Eastern States Corp
j;. $7 preferred series
56
56
56
Range Since January l
High
Low'
High
Hearn
Class
4%
Jan
2% Mar
2%
2%
2%
3,400
1%
Feb
6%
Jan
7%
Feb
6%
Feb
8%
16%
Apr
7
6%
7%
8%
400
16%
3,400
10%
11%
11%
Hollinger Consolidated G M
.s
8
Mar
Feb
14
May
9% Mar
12
Apr
Jan
10%
11
97%
~6%
"7
50
5.0%
200
8
8%
7,700
4%
—J
4
4%
2,000
*
28'%
50
-
Feb
11%
900
9%
Feb
11
10
28%
—
& Co
73
Apr
Feb
7%
May
Apr
48% May
7% Feb
55%
Jan
9%
Jan
6%
4% May
Mar
3
24
145
34
145
34
10
34%
29%
20%
Apr
Feb
44%
Jan
Feb
140
150
20
20%
79%
78%
80
4%
3%
13%
13%
14
41%
42
5%
7
6
6%
*
6%
1
900
Feb
3
Mar
2,200
9%
425
33%
23
28%
28%
56 %
59%
800
12%
13%
44
Jan
7
May
3,050
Apr
5%
500
22%
4% May
14
4
450
3%
22%
—•
5
35%
3%
Apr
80
Jan
41% Mar
400
1,200
~3%
1
Jan
109% May
20% May
19% May
X65
1,400
Jan
35%
31% Mar
8,800
4%
Apr
148
105% Jan
20%
-
Feb
May
41%
--
Inc new common—5
Huyler's common—.
1st conv preferredHydro-Electric Securities
Hygrade Food Products—
Mar
96
1,200
Humble Oil & Refining
•
Hurd Lock & Mfg Co
-5
Hussman Refrigerator Co common—*
(Harvey)
May
98 % Apr
19
—
common.——•
Horn & Hardart Baking Co.
——*
Horn & Hardart common.
*
5% preferred——
100
Hubbell
10%
'■
Horder's Inc
Hormel (Geo A)
11% May
50
71
>
Jan
10
97%
8%
% May
2% May
13% Mar
825
10%
~7
Jan
4
8,400
<
10%
--
56%
7,800
14
10%
100
1
10
—5
Holly Stores Ipo
Holophane Co common
500
8%
14%
16%
Apr
Apr
500
Jan
7%
42%
31% May
2%
May
Jan
3% May
Feb
Jan
16
Feb
25
25%
Jan
28% May
52%
Feb
59 % May
4% May
1,425
53%
Feb
75
May
1,000
10% Mar
13
Apr
1,050
50
75
55%
57
56
58
4,100
12%
preferred w w.
May
260
4%
10
Henry Holt & Co common
& Co class A
50
40
52%
13%
Hoe (R)
9% May
8% May
Feb'
Mar
4
10%
5%% preferred w w.
30
52
*
—*
2
100
A.
Feb
5%
2,100
—25c
Helena Rubinstein common—
7%
1,190
40
4%
*
5
Dept Stores common
Mining Co—
900
8%
39
52
——J"
25
1
Harvard Brewing Co.
1
Hat Corp of America B non-vot com—1
Hathaway Bakeries Inc
—.—1
Hecla
9%
39
Hartford Rayon common
Hazeltine Corp
8%
7%
-
May
12%
1
Apr
81
12
12%
May
Feb
71
73'A
1
', ^$6 preferred series B
Eastern Sugar Associates-
Jan
83
57
575
79
85
Apr
2% Mar
3,700
81
81
*
A
May
Mar
76
25
4%
3%
7
54
1,700
•
•
Feb
65%
400
loo
-
•
3%
11,300
8%
J
Lamp Co—
Hamilton Bridge Co Ltd
Hammermill Paper.———
Hartford Electric Light
$2,25 preferred———
Common stock warrants
6%
6
JQk
—
-
Pastern Malleable Iron
u
,
6%
25
4%% prior preferred
6% preferred-.--.
■
*
common
Hall
Heller Co common
"
0
'
Driver Harris Co
Power
12%
300
3%
2%
25%
25
Chem Co Ltd
&
Dominion Textile Co Ltd
Duke
15
11%
10%
•11%
Domestic Credit Corp class A
Dominion Bridge Co Ltd
Dominion Steel & Coal class B
Shares
h
7%
...
Low
Par
n
Mr
Davidson Brothers Inc
for Week
Range
of Prices
Sale Price
High
Low
Sales
Week's
Last
STOCKS—
for Week
-
Corn
shares of beneficial int
of beneficial int.
$5 pfd shares
Easy Washing Machine class B
■
•
Electric Bond & Share common
5
Electric Power & Light $7 2d pfd A—*
Option warrants—
Electrographic Corp new
Electromaster
Elliott Co
14%
14%
14%
14%
15
139
139
14%
500
l
common-^—
:
-
3%
3%
3%
247/s
24%
25%
45%
Empire District Electric 5% pfd
100
Empire Mill work Corp
l
i/s Emsco Derrick Jfe Equipment-#,.^-.--..#
Equity Corp common
————10c
$3 convertible preferred--#—
...J
Esquire Inc—
————|
I Eureka Corp Ltd—
—1
14%
2%
-
its
46
Jan
200
Feb
Feb
Apr
Feb
98
8%
Jan
14% May
28
Feb
2 % May
Mar
6%
1
10,900
30%
25 % May
Feb
41
1,700
1%
Feb
1%
275
30%
1%
10
3% May
11
60,500
8%
14% May
6%
1,100
2%
44
8%
—
-
14%
2%
Jan
May
92
1,000
14
May
6% May
15%
10
8%
42%
—
common
96%
7%
15
146
42
200
96%
Feb
2% Mar
5,000
45
14% May
Feb
14
1,000
-.10
#_59
—_
5%' preferred
3%
2,200
Feb
57% May
Feb
9%
126
620
6%
14
1
common
8%
9,900
74,700
143
5%
__
Inc
Eureka Pipe Line
13%
Feb
44% May
8% May
Feb
Apr
Jan
3%
Jan
30% May
•
International!
1 _•
Registered
shs.
shares—
International products
—
Fansteel
$? div cum preferred
Jan
•
14%
14
15%
10%
Feb
54%
52
54%
470
46
Jan
54%
3%
3%
6,300
2
Jan
Jan
5%
5%
3%
3%
67,100
9,900
Jan
i
37
37
100
34
l
5
(MS) Co—
to $1 Stores—
18
18
100
14% Mar
Class
A
Class
B
non-voting.
voting———
Ford Motor of
5%
22%
38%
5%
5%
4% May
4,300
39;i00
11% Mar
11%
11%
11%
1,600
9% Jan
'
(Geo A)
13
56%
Apr
5% May
21%
22%
2,200
16%
Jan
22% May
22%
375
18%
Jan
1%
1%
20,900
1%
l
9%
9%
9%
14%
15%
1,700
7%
1
500
1
7%
50
30%
31
10 %
11
2,600
5
10%
Feb
11% Mar
200
common
Feb
7%
800
15%
2
common
100
Builders
7% Mar
25
Mar
8% Mar
Amer dep rets ord reg
Finance Corp common
£1
General
—1
preferred series A—
Fireproofing
10
•
common
Outdoor
General
Phoenix Corp
General
Plywood Corp
Adv
8%
pfd
General- Public Service $6 preferred—*
Shareholdings Corp com
1
$6 convertible preferred
*
.
Georgia'Power $6 preferred—$5
Giant Yellowknife Gold Mines
Gilbert (AC) common
3%
2,800
1 % Mar
5%
V».-
12%
12
10
13%
13%
14 %• ;:;
Jan
7% May
Preference
9% Mar
12%
Jan
>>
" 600
7,900
12Va.May
17
Jan
i*;
2,700
9V2 Mar
2%
12
11%
;
,»•'
2% May
^ Mar
:
; •'
12
May
■.
1%
2%
18,900
1%
Feb
2% May
■
18%
19 %
500
16%
Jan
19 % May
;
7%
6%
7%
2,200
4%
Jan
WMiiAPt-w
Aipr
,
;
1%
1%
7%
6%
1%
7%
%Mar
4,900
4,700
G
Feb
9%
Jan
6%
1,700
4%
Feb
7%
Apr
7%
800
4%
Feb
4%
57/a
600
4% Feb
7% May
5% May
22%
22%
200
10%
11%
64,300
8% Feb
16%
16%
200
123% Mar
11% Mar
16%
16%
17
600
7%
8%
625
11%
11%
12%
1,700
.100
47%
51
230
.100
38
38
10
6%
6%
7%
6%
5%
•
.
N
20 %
25%
dan
15 V*
Apr
Jan
K
Co
Apr
12%
Jan
Kennedy's
Apr
15
16%
89
3 % May
5%
8,200
3%
Feb
27%
325
23%
Jan
7%
Apr
9
Mar
6% Mar
8
Jan
8%
„
7%
8%
200
7
7%
4,100
7%
8'/a
250
31%
__
34
34%
1,700
7%
Jan
5% May
27% May
9
Apr
27
Feb
35%
98
.
1
—
11
pfd.— .100
_•
a
lis
Inc
Jan
105%
4%
7%
4%
1,100
3% Mar
7%
8'%
5,700
6% May
5%
5,300
95
5%
4%
93
--
94
50
Feb
2%
Feb
84% Mar
5%
x9
106%
106% 106%
3io
20%
4
10
1,100
20%
21%
52
52
450
30
Mar
106% May
2% Mar
16
Jan
1
Seeley Corp—
Kingston Products
King
—
Kirkland Lake G M Co
100
Apr
5% May
96%
Jan
117
Jan
110%
Feb
Jan
5
21% May
Ltd
Laclede-Christy Company.——
Mines Ltd
Lakey Foundry 8s Machine..—...
Lamson Corp of Delaware
Lagendorf United Bakeries cl A—
Lake Shore
Class
Lanston Monotype
La Salle Extension
M:achine—.—
University
Lefco.urt
31%
29 % May
24
17%
16%
18%
14%
Feb
21%
Jan
5
14%
14%
—-1
3%
Mfg Co
Mfg common
Graham-Paige Motors 5%
14%
3%
Jan
250
42
50%
Jan
Lnblaw Groceterias .class A
".'Class B—_—•
:
300
22% Feb
84% Apr
28%
Jan
Locke Steel Chain
91
Jan
28,300
-10
—i
9%
300
63%
pfd -25
17%
—1
9%
Gray Mfg Co—___
—5
63 %
50
15%
.17%
2,300
9%
3,900
7
12
13
% May
& Mar
Mar
6% Feb
50
12%
Mar
Feb
6% Mar
56
9%
65
stock
preferred—
—
Great Northern Paper
Grocery Stores Products
.100
136%
4t
100
Jan
13
6,800
7
Mar
13
May
150
91
Feb
110
Apr
136% 138
30
133
Apr.
140
Mar
41
*
8%
—
;
3
Mar
1%
1%
1A
6,900
,
x42%
9
xl00% 101%
1,600
400
60
36% Mar
8
May
39% fdfur
44%
Jan
9% Jan
-Apr
105
4% May
% Mar
14
200
11%
14%
21%
500
13
21%
25
9%
3,300
9%
20%
6%
200
15
16
167/a
14
600
15
19%
1 % Mar
12
xl4
14%
..5
16%
-1
11
..1
..5
xl4%
Apr
Jan
li7«
Apr
14
Mar
Mar
16
Apr
23%
Jan
Apr
9% May
Feb
Jan
17%
Mar
—.—,—
IS
7%
10
*,?
Apr
9
Feb
M
May M
Jan
27 V*
200
x25
Mar
28
23%
225
21
May
£4
Jan
22%
25
2,900
Feb
25
May
ri
May
■;;••:
25
18%
7
400
6
Feb
7
..1
9%
9%
100
9
Apr
10
i§
32,700
Apr
7,000
IE % Mar
25
"%
.1
24%
•
%
25
22
19%
.10
27%
25
—
19
19%
400
26%
27%
4,700
27
..5
27
9%
100
11
•
5,300
ISVaMar
.1 %
'
-
11
Apr
22%
26%
Jan
23%
23%
300
20
Feb
x22%
24%
15,200
18
Feb
8%
1,100
%
38,000
5,5%
51
50%
51%
400
n
20%
21%
22,300
450
17%
1,100
24% May
'•
7Va Mar
8%
1
.Jar
Mar
60
Jar
44
21% Maj
Feb
Apr
15
Jar
.55%
Apr
15
412
Feb
■
i
Jar
21% May
'
5
Mangel Stores common——
7%
7%
.7%
400
Feb
'7% May
..10
17%
17%
17%
800
13
Feb
17% May
...1
16
15%
1.6
300
12
Feb
16
May
22
22
22
20
21
Apr
23
Fet
36
36
100
34
Manischewitz
(The B) Co.
Mapes Consolidated Mfg Co
Marconi International Marine
-*i—
"0
£1
5%
May
2% Feb
"'"'37% Fet
i:
iVt
.
.
f.2
Sfiay f
% Mar
49
110
16%
.
APr
23%
58
4
May
23%
Feb
23%
%
•
f
Jan.
30
7% Mar
10
55%
f
1
28% May
25% Apr
Is
—
Jan
j M(ty
.19% May
22
;
8
Jan
?f
25
•
;
Mar
18
^
22% Apr
f-
—
._*'
%
Co
H
Feb
11%
Jan
21 %
#1
Co....
.Cnmmunicarion Co Ltd
6%
26%
Louisiana Power & Light $6 pfd— _.
1—2
Lynch Corp...
——
9,100
16% May
Feb
9% May
7
6% preferred B ctfs of dep..—
Louisiana Land & Exploration..——-X
Public Service
3,200
-5
Long Island Lighting Co—
Common ctfs of dep
7% preferred A ctfs of dep..
Maine
13,500
8%
10
9
10
11
8%
23%
11
—.——
Lone Star Gas Co. (Texas)
•
9%
8%
27%
_♦
—.
Longlnes-Wittnauer Watch Co
Mackintosh-Hemphill
.25
page 37.
Jan
107% 109
common.. 25c
Gulf States Utilities $4.40 pfd—
Gypsum Lime (b Alabastine
Jan
18% Jan
9% May
Great Atlantic & Pacific Tea—
common
18% May
6,300
6,800
Lit Brothers common-——
1,600
12% May
2% Jan
Feb
Jan
3%
47%
54
Grand Rapids., Varnish
conv
Material Cp.#.,
—
Lione) Corp.—
Lipton (Thos J) Inc 6% preferred.
Line
3
9
—
Gorham
common—...—
46
-50
Gorham Inc class A
Apr
May
Realty
5,100
1,400
%
12% Mar
4%
17%
*
B
Leonard Oil Development——,—
Le Touroeau (RG)
Inc.— —
Jan
26
800
4%
Krueger Brewing Co
Apr
Feb
%
17%
17
16%
1
Jjm
Apr
25
17%
1
12
18%
26
Jan
16%
1
54
21%
Jl
Mar
x4%
Knott Corp common
Kobacker
Stores.—
Feb
2,200
; m
Jan
54
40
—1
-10
May
9,100
.
103
—1.
12
KJein (DEmil) Co common
Kleinert (IB) Rubber Co
52
29%
14
Apr
1
—
Petroleum
Jan
% May
45% Feb
37% Jan
99%
.100
—
12
Apr
Jan
23%
-
9%
Jan
Mar
28%.
..
Feb
7% Mar
9
Feb
17% May
17
Mar
■
-—5
Kings County Lighting 7% pfd B_
5 %
preferred D
Kirby
15%
125
Jan
23%
Clas?
see
Apr
29
Inc...
For footnotes
Apr
May
10%
23%
-2.50
*
$4.60 prior preferred
1st
Apr
Jan.
13
i3%^^3H600i:
1
Co
Kaiser-Frazer Corp..
Kansas Gas & Electric 1%
31
IIIi
B
Goldfield Consolidated Mines
7%
Jan
24
2%
11
1
11
Gobel (Adolf) Inc common.
Godchaux Sugars class A
Non-voting
S8%
Mar
51
19%
.1
——
Julian fc Kokenge
Kawneer
4%
29
Coal—
Globe-Union
900
50,300 S
.
Feb:
15
12 % May
9% Mar
1%
2%
•S06% May
.
23% Jan
12%
12
Feb
927« Feb
9% May
25%
27
•
Glenmore Distilleries class
Goodman
2%
♦
Co——
Alden
Feb
6% Mar
1
•
Gladding McBean & Co
Gleaner Harvester Corp
Glen
Apr
1,700
110
•
Preferred'
Gilchrist
;
•
11%
Jan
2
19
•
I
—
preferred
16%
10
9%
50c
General
Feb
84
__
89
100
com
9
8%
l
new
—
89
5,300
3
1
25
14%
8%
__*
Supply Corp com
13%
__
89
l
5% conv preferred
General Electric Co Ltd—
General
14%
_•
common
preferred-
Gellman Mfg Co common
General Alloys Co.
5%
-
„
■A-
.1
Jefferson Lake Sulphur Co*—---
Kimberly-Clark Corp—
4%% preferred—
General
56%
55%
t
90 %
.
,
22% May
1.25
_
_
Co___
Gatineau Power Co
General
2,200
12%
*
I 5%
10
13%
|J3%\^ah|:5
'310% May
350
1.450
12%
■
/
94%
106%
.
Key Co common.
Kidde (Walter) 8s Co
Corp
12
12
94%
103
106%
•
%
France—
Franklin Simon & Co Inc
4% % conv preferred
Garrett
it
May
16% May
11% Apr
;■
-
Italian Superpower Corp com cl A—.
'•■p.
v
m May
11% Mar
1,500
•
,
Apr
18
22
_•
Amer dep rets bearer
Fort Pitt Brewing Co
Fox (Peter) Brewing;
Fuller
——
Jim Brown Stores common.
Ford Motor of Canada—
:;
Irving'Air Chute—
jeannette Glass Co common—
£1
17
16%
Apr
"
dep rets ord reg
15%:
15%
'
|
10% Mar
3% May
Ford Motbr Co Ltd—
Amer
May
10
—
Fishman
23
loo
(Phila)——i
First York Corp common—
5c
9%
23,400
5% May
15J/2 Apr
Metallurgical——;
Fire Association
23
200
16%
16%
50
International Petroleum coupon
Royalty^———_——
Iron Fireman Mfg voting trust ctfs—
18%
.
Sydra-iaectriCr—
Preferred $3.60 series
International Metal Industries A
Investors
22%
5%
59
1,2%
—-———
_•
Intematlonal.Safety Razor B__
International Utilities common—.— Is
Falrchlld Camera & Instrument——1
Fairchild Engine & Airplane——1
.
RJinok Power Co common—
-50
5 % convertible preferred
—*,
Illinois Zinc Co common—
Imperial Chemical Industries-rAmer dep; rets registered——- -_£1
Imperial oil (Canada) coupon.—
-Registered
-5
Imperial Tobacco of Canada
Imperial Tobacco of Great Britain
6 Ireland
£1
Indianapolis Pwx & Light 4% pfd—100
Insurance Co of Nprtb America.
1,0
International Cigar Machinery.
—*
Api
<
CURB
YORK
NEW
Week's
Friday
EXCHANGE
ENDED MAY 21
«ANGE FOR WEEK
a
Sales
>
'•••STOCKS—
-
for Week
Range
::
of Prices
Sale Price
LOW
Par
•
Shares
Range Since January l
Low
High
Massey
Harris
McAleer
Mfg
,
convertible preferred.....
5%
McClanahan Oil Co
McCord
Corp
17%
7%
1
common
13
17
"
1
10
common
Co
1%
common
,
300
4%
Feb
7%
100
6%
1%
X31 %
•
8
Penn
22% Mar
44 %
39%
40
275
11%
10%
12
1,500
_1
19%
19%
21%
3,000
Menasco
Mig Co
:
1
Chapman St Scott warrants..,.
% %
A
preferred
100
2%
2%
2%
7,500
Merritt
7%
7%
8%
500
~6%
"53A
G %
9,500
3'/a
Feb
6% May
5%
200
3%
Feb
5%
Apr
Jan
49%
Apr
preferred
Dredging:
i.
Mead
6
Johnson
Mesabi
Co
St
Participating preferred
Corp
Michigan Steel Tube
Michigan Sugar Co common
6% preferred
Michigan
Bumper
5%
:
—25c
—15
1
—2.50
*
10
1
common
xl0%
A
47%
47%
7%
3,100
9% xl0%
700
2%
1%
9%
8%
9%
9
Middle Stfetes Petroleum class A v t c__l
28%
26
1
8'A
5
10%
Micromatic
Hone
Corp
;
Class B v t c
Middle
...
jreD
43
.
Mar
7% Mar
2,000
i'm
1,300
6% Mar
10
Feb
29
19
4,000
8%
11,800
9%
10%
7%
33,400
*
13%
Midvale
Co
Mid-West
common
26%
150
23% Mar
28
*
...
24
825
19%
4%
5
1,600
2 l'A
22
2,000
19%
50c
Abrasive
19%
Oil
Midwest
Piping & Supply common
Co...
Wohl
Co
21%
*
__
3%
____1
50c
Mid-West" Refineries
common—
Service
Public
Molybdenum
24
20
30%
100
__
—
7%
8%
4%
13%
2%
3 'A
1,900
11
13%
5,600
172
172 Va
T40
35%
200
27/8
2"/h
-
Feb
4%
2,400
16'A
4,200
12%
Feb
17%
33%
850
26%
Jan
Tel
—.100
Tel
&
99
•
99
31%
33%
12
13'A
lb
13%
13%
97% Mar
National
Hess
common..
Fuel
Gas.—
Machinery
National Rubber
33% May
13% Jan
13%
Jan
Clock
Haven
&
Watch
Zinc—
New
Process
Y
N
N
Feb
1,400
12 %
Feb
16%
Rio
15
15%
10
500
12%
Apr
15%\Jan
14%
15%
5%
90
4%
10%
x68
8%
1%
6%
96
Co
3
6%
100
93%
1
20
69%
1
Land
5%
25
Co
8%
2
1
common
Y
Honduras Rosario
Merchandise.
Y
Shipbuilding
&
7% Mar
300
10
Jan.
Rolls
Rome
3%
8%
Jan
13% Apr
13%
Feb
15% Mar
4%
Feb
6% May
•450
8,200
7,200
Jan
Feb
10% May
9'A
100 %
98%
12
2d preferred
B optional warrants..
Class
Feb
9
Mar
27
Feb
32
250
14
Mar
15
10%
Feb
14%
Nineteen
St Lawrence Corp
Nlplssing
May
Feb
102
10%
10'A
10%
Apr
1
Oil
Savoy
Jan
May
12%
18%
6,900
l'/a
1%
1
Light St Power common..1
Rayon class A—_ ♦
— *
43 %
43
15%
15%
7'/n
7%
American
Securities.—.*
Oil
5
1
North
Perin RR Co
50
Northern Indiana Pub Serv 5% pfd.100
Northern States Power class A
25
4
20
3%
93%
101%
39
1
Central
Utility
Texas
Airlines
—
Northrop Aircraft Inc
Novadel-Agene Corp
*
1%.
41% 43%
40% 43
2%
4
19 % 20
2%
3%
93% 93%
101% 101 %
38
39%
13%
American
North
Northeast
16%
13%
12%
19%
18
—
Sayre & Fisher Brick Co
Schulte (£> A)
Inc common——
100
Co
Steel
Ohio
Brass
Ohio
Power
4%%
Securities Corp General
12% May
Seeman
18% May
Segal Lock & Hardware
Selby Shoe Co..
1% May
% Mar
5,600
Feb
18%
13% Mar
8,700
6% Feb
33% Mar
44% Apr
Mar
1,400
2Vb
700
15
44
Apr
33
4
'
v
Old
Poindexter
43%
100
1
•
Feb
90
2,100
11,100
Jan
*94
97
Feb
Feb
■
Apr
.
Jan
42 %
Seton
Jan
7
Feb
%
7%
Apr
22% Jan
Leather
common
Shawinigan Water & Power
Sheller Mfg Co—
1% May
Jan
43% May
43%
625
460
104%
Apr
300
30 Vb
Feb
3,700
6%
Apr
37
7%
1 Vs
33
.
109%
Jan
38% May
9
22%
24
12
4,000
17%
15
1,600
10%
common
Jan
24
May
Feb
12
May
7%
Jan
Manufacturing Co
Solar
Pacific
1st pfd
Gas & Elec 6%
.—25
33%
Service
*
com
preferred
*
Tubes common.—
Pantepec Oil of Venezuela Amer shrs__
Paramount Motors Corp
.1
$1.30
Pen
Patchogue
15%
Mills
_X."
Peninsular
Telephone common
$1 cumulative preferred
For. footnotes see
18%
page 37.
.
29
101
Feb
125
91
■
Jan
1,000
16%
24
Soss
Apr
South
Coast Corp common
Jan;
South
Penn
18%
31
23 Vb
28%
22%
105
47
46'A
31
47
23
2,100
23%.
105
An
70
•
Feb
17%
Feb
'
23% Janf,
■
x
'■I
Apr
13
vw
-rf
31
"
i
J Jan
:.:4,
May
23% May
108
May
.
Southern
,5%
Pa
Pipe Line
—
California Edison—
original
4.88%
common..
cum
36%
Feb
53 'A May
Feb
14
Jan
8% Feb
860
79
170
144
Feb
250
12
Mar
6% Mar
900
90 Y< Jan
Mar
2%
3%
Jan
151
14% May
1%
1% May
Feb
%
300
31
Jan
30'A Mar
36
May
Feb
55
Mar
9
May
Mar
29
1,100
20
9
31,600
25
1,100
3% Mar
1%
a
19 'A Mar
3,400
6,100
Apr
Feb
7%
24
May
20
14% Mar
54
Feb
5%
4%
5%
2%
2'A
3 VB
24%
23%
25
1,325
18%
31%
30%
31%
1,100
4%
4%
4,000.
3% Mar
2%
2%
2%
9,100
1%
257/b
5%
;
24% Mar
4%
1
5
*
1
3% May
Feb
1%
77,900
600
20
54
3'A
25
Apr
Jan
Jan
May
3l'A May
.
4% May
2% May
Jan
Mar
93
*
88 Va
90
80
87
Jan
33%
90
11%
33%
100
23
'"Mar
11%
3,800
5 VB
1,100
4V8 Mar
5%
Jan
1,000
24% Mar
25%
Jan
10%
5
25J
25
34%
8%
38
9 Va
37%
3,600
450
Apr
~5%
10%
6
16
May
38
8%
Feb
Apr
11
Jan
Jan
Apr
16%
7% Mar
14%
10
16
12%
Feb
Jan
17
4,500
x8%
16%
35%
x8%
10%
35'A
11%
2%
3
1
-25c
—1
—
1
25
*
.—1
*
3%
32
16%
2%
2%
--
26
18
Jan
7%
Apr
Apr
9%
10%
3,700
7% Mar
11%
Apr
5%
6%
3,400
4% Mar
6 Va
Jan
"5%
6
10"%
36%
10% 11%2%
2'A
3
3%
10
35
4%
3
31%
15%
2%
17%
2%
21
83
4
24%
81%
85
4%
25
4%
—
1%
—
__
3%
18%
15 %
69%
„
__
10
4%
3%
32
16%
3%
18
2'%
21
4%
27
4%
2%
l'A
13
83
85%
4%
3
1%
13
15
3%
15
4
18%
19%
16%
3%
2,800
"
70
15%
67
6,000
8% Mar
13%
Jan
3rO'(?0
27'A Mar
38%
Apr
17,400
7% Mar
12 %
Jan
900
1% Mar
2%
Jan
1,600
2% Mar
3%
Apr
1,100
3
9,800
2% Mar
Feb
33
Feb
16% May
1% Mar
3'A May
3,500
16%
300
Feb
2%
100
20% Mar
24%
101,400
1% Mar
6',150
conv
4.32%
cum
preference—
preferred
Southern Pipe Line
Southland
i-
Spencer Shoe Corp
Stahl-Meyer Inc
4^.*.
Standard Brewing Co
%
-
Royalty Co...
—
Jan
Feb
27
May
83
May
650
74
300
75% Mar
2,400
3
1,800
1%
May
Feb
85% May
5%
Jan
May
3
1 % May
3,500
% Mar
100
10% Mar
13
May
200
13
Feb
15
May
Feb
4
May
2%
6,600
2,900
16
Feb
1,500
12%
Feb
Jan
16%
800
May
16% Jan
19 3 a
Jan
73
108'A
Apr
18% Apr
12'A Mar
22% May
17%
Jan
11%
Apr
11%
Apr
Apr
11%
7%
2,400
35
100
8%
May
530
3%
Jan
Mar
36,
6% Mar
3,400
238% 259%
200
8% May
Mar
259% May
225
Jan
13%
3%
3%
10%
4%
42%
31
40%
14%
45'A
...*
—
•••
7
l'A
Apr
28
8%
Feb
14% Mar
2% Mar
x3% Feb
7% Feb
10% May
3'A
4,400
Jan
,
4
May
Mar
4
4,000
4%
5,700
9
10%
4,500
4%
4%
42'A
3'A
Feb
1,300
33%
Jan
43
70
29'A
Feb
31% Feb
3%
3%
29%
31
40
27%
27 %
24%
4
90
25%
13%
Feb
88'A Mar
3%
25
25
25
1
5
—*
2.78
Jan
4% May
Feb
13%
Mar
x35
18% Jan
Feb
2
17,600
62
3
Jan
Feb
10%
104
10%
Jan
27
90
8%
3%
2,100
4,300
15%
4'A May
2,400
105% 106%
x35
8%
x259%
25
preferred
preferred
■:;K
47% Apr
26% May
Southwest
Oil
4.48 %
18% May
Feb
42% Mar
900
irVij*.: i.i Wrr-
*
■x
Marr
24
30%
Mar-;'1
80
•
3,500
..1..
15% May
•Mar
Feb
10 K- Feb
74,800
't
Jan
96
23%
— —
Manufacturing common
Apr
104%
12% Mar
23
300
/
Soontone Corp
36
Mar
280
11
.1
_*
•
—.25
200
S
1
32
32% Mar
2,500
15%
15%
23%
.5
Co
Plymouth
10% May
Feb
•
1st
Parkersburg Rig St Reel
6%
94%
94%
Page-Hersey
Parker
34%
30
101 % 1027's
Pacific
Pacific Public
33'A
29%
1st preferred
.
25
Lighting $5 preferred
*
Pacific Power & Light 5% pfd——100
5%%
400
9%
07V« Jan
36
25
1
1
1
1
1
12.50
10
Solar Aircraft Co
9%
5
Pacific Can Co common
Feb
08
Jan
.
Jan
14% May
24
$ 12
May
9'A Mar
'Jan
90
35
"7%
preferred—*.—
—
Sherwin-Williams of Canada
Shoe Corp of America class A
Sick's Breweries Ltd—
—
Silex Co common—_
———*
Simmons-Boardman Publications—
$3 convertible preferred
a
*
Simplicity Pattern common—
1
Singer Manufacturing Co.—*.——100
Singer Manufacturing Co Ltd—
Amer dep rets ord regis.
—;—£1
Sioux City Gas & Elec Co—
•3.90% preferred
100
Smith (Howard) Paper Mills—*
T.¬
,
1
Securities
Feb
7,000
6-%
96
94%
54
1
1
1
1
*
5
—*
1
25
100
•
*
*
Shattuck Denn Mining
13 % May
16
3,100
1%
40
Jan
11
12
—
.
certificates
Semler
(R B)
Inc
—
Sentinel Radio Corp common
Sentry Safety Control
Serrlck Corp class B_
May
103
34%
10
50
1
Inc
O'okiep Copper Co Ltd Amer shares..
Overseas
1%
37
15
Gas
Distillery
United Filters class B__
Oliver
Omar
•
common
preferred
Natural
Oklahoma
1%
75
35%
*
5
Allotment
>21% May
3% Mar
Mar
2%
15,400
stock
$5.50 prior
Apr
■
Bros Inc..
Selected Industries Inc common
Convertible stock.
7% Mar
600
1,800
106% 107 %
50c
375
575
5
common
10% May
Jan
12
0
common
Co class B
97%
2%
Jan
29% x30
1
*
1
Manufacturing
Scovill
A%
Corp
8% May
l'A
*
50
1
:
(Del)—
Inc
Sherwin-Williams
Ogden
400
29%
1
*
1
Corp common.—
Feb
3,500
1%
Class B common
North
Ltd com
pref
9 Vb Mar
8%
1,200
11%
18'A
5
!
Noma Electric-
North
common
conv
United
Samson
Jan
117
92
x92%
5,700
12%
1
class B
Mines
North Amer
$2
A
Class
9% May
% Mar
700
0
Hundred Corp
8%
Mar
Jan
May
Feb
19
Feb
7
67,200
_5
Nlles-Bement-Pond
9
18%
10
1
*
1.25
Ryerson St Haynes common—
Scullin
Niagara Share Corp class B com.
1%
May
75
100
340
9%
800
May
85
Feb
Co—
Aeronautical Co..
Consolidated Petroleum
Ryan
1,200
700
—
5
5
1
Salt Dome Oil Co.—
common—..--1
.100
—■
.100
Niagara Hudson Power
5% 1st preferred!
Feb
2,000
14,000
86
87%
148% 150
13% 14 %
£1
Inc
Petroleum
Ryan
Apr
1%
com
Cable
Russeks Fifth Ave
Jan
12%
72%
2
new
Royalite Oil Co Ltd
May
6
Apr
Root
Inc
pfd F
Rotary Electric Steel Co
(The) Corp common
Jan
6
25
17% 18%
9
9%
98'
100%
96
98%
%
1
-1
Apr
8% Apr
16
May
550
8%
1
100
Rowe
Mar
10
59%
1,900
14
14
3%
14,100
Jan
96
82 % Mar
—
v
Roosevelt 1 Field
1,200
9%
30%
44
Feb
1%
11
16
Apr
93 Vb
Feb
6%
Co—
dep rets for ord reg
Corp common
Amer
4*4 Apr
1,800
9V2
2
Jan
37
2,400
Royce Ltd—
21% May
1,100
Gas
Pendleton
&
Roeser
Feb
Feb
3%
2% Mar
650
Valley
Mar
15
2,000
Goods—
Dry
t c
Rochester Gas & Elec 4%
11%
Apr
9%
1,700
Stix
Grande
(Texas Corp)
Feb
10,700
6
12
30%
14-
2,600
17%
15% May
(Robert)
Richmond Radiator.
Apr
4%
3%
13%
85
9
—
35% Jan
29% Ma*
2,000
70%
14% May
0% Mar
350
8%
Apr
May
15
Mar
11
200
900
—
1
Shoe Co.—
& Co—
Reliance Electric & Engineering
May
Corp—
Founders shares..
5%
13% Mar
1,180
85
85
9%
6
0
10
—10
Co common
Auction
Y
11%
34
Feb
12% Jan
Rice
7,700
—
Co
Park Mining
N
Feb
12%
15'A
—
—
& Arizona
New
N
33%
12
14%
15
15%
9'A
0
convertible preferred
New Mexico
Reis
20%
4%
44
6%
53'A
13%
8'%
—
*
Co
Bit
Regal
4
5
ciass A
England Tel & Tel—
New Jersey
6% May
10%
21%
2,700
15
14%
95%
51%
12%
7%
—
10
1
10
*
——
common
Co
Manufacturing common
Roller
Reed
Jan
2% Mar
—...5
Corp—
(Herman)
Neptune Meter common
New
15%
4'% Mar
20%
4%
2%
12%
Nestle Le Mur Co
common
racking
2,400
—_30c
National Union Radio
New
common
Railway & Utility Investment A
37,800
°
.1
National Steel Car Ltd
National Transit common—
Nelson;
Oats
Voting
Apr
6%
4
34%
9%
Jan
May
Jan
96%
97%
*
•
5
10
Manufacturing
Raytheon
—
5
Jan
3%
Railway & Light Securities—
5%
3%
33%
.
14%
R
0%
4
-4
j.—10
National Radiator Co
100
1,300
May
18
4% Mar
400
6
8%
3%
1,100
15
15%
10
18
18
4%
1%
87%
14%
.1
2
Mfg & Stores common
National Pressure Cooker common
Jan
10%
100
preferred
Raymond Concrete Pile common
$3 convertible preferred
12 '/a
14%
15,000
8%
14'A
148%
14%
0
1
——
Mallinson Fabrics
72% May
87
Radio-Keith-Orpheum option warrants-
Jan
Jan
25%
25
preferred
Feb
42%
Apr
100%
11'A
100
34
Feb
58%
14%
*
14%
1
0
Breweries common
National
14%
—
Jan
41
1,250
18
5%
5%
100
*
1
common
Bellas
Mar
Mar
Mar
4
13%
Colorado—
of
Quebec Power Co
N
7%
America
preferred
10
National
Feb
39
4%
*
Sound Pulp & Timber.**..;
Pyle-National Co common
Ktun
Corp
Feb
xll
Apr
11% Mar
1,900
13%
2.50
Muskegon Piston Ring common
Muskogee Co common
Apr
2
2,900
4% May
Feb
3%
200
12-
37
34% Mar
35
May
72%
18
__
33% May
Ohio Mfg Co
National
17%
5
1
2%
2,900
100
.
Puget
6%
4%
0
common
~~2}$
4,900
—
x67%
15Vb
x68
*
common
common
cumulative
Pyrene
Jan
«%
29
2%
3
—
,
2.50
common
of Nevada
Service
Jan
6
10% May
Feb
22
12%
2%
12%
*
Quaker
32%
States
National
50
50
10
Co
of
Corp
900
3%
2%
3%
12%
:
y
15
3% May
16%
Mountain
Inc
29
1%
13% May
4%
States Power
Namm's
27%
15%
175% May
33
Producers
Mountain
Nachman
29
1
*
Apr
*
16%
Plan
Mountain
Feb
1
Jan
10'A
170
__10
Morris
6%
Apr
11 y2
\ 4% May
35%
35%
Jan
69% May
Jan
Feb
class A.
*
pfd—*
Corp of America..
10c
partic
Investors
1,500
10%
9'A
Feb
48
8% Mar
2%
15,700
5
27
6% Mar
3,500
3'A
Jan
5%
Jan
8
4%%
'Jan
*96
—
8%
Mar
2,200
8%
10
7%
1
Puget Sound Power & Light—
$5 prior preferred
May
23% Mar
50
54 Va
Apr
3% Mar
8%
Metals
4.7.
9,200
10%
9'A
25c
Inc
900
Jan
0% May
Feb
Mar
39
950
4%
.2.50
Public
7% May
104
4%
1,300
9% Mar
Prosperity Co class B
Apr
35
Jan
Mar
5
105
500
Providence Gas
9 Vb May
Jan
7
50
Apr
May
Jan
3
1,800
•
.
common.
Lambert
&
Pressed
May
3%
Mar
?
Apr
shares
Amer
Alexander
&
Producers
May
2
Ltd
1st preferred
6%
Apr
Feb
2,300
4%
Montgomery Ward & Co
Moody
Murray
Feb
3Va
3,600
7%
-.1
1
1
Utilities.
Dakota
9Va
100
Jan
18
6%
45%
•
common.—
Scale
Prentice-Hall
Apr
5
10,800
35
7 '/a
*
common
Corp..*
Monogram Pictures common...
Monroe Loan Society com class A
Montana
8%
7%
25%
Feb
13 %
100
3%
35
■—
Mining Corp of Canada.
i—
Minnesota Power & Light 5rh pfd__100
Missouri
3
8%
50
convertible preferred—;
4>/a%
__
10
Midwest
Miller
—
•
4%
4%
*
common
Corp of Canada
Pratt
Apr
22%
26%
Co
11%
May
7
6%
,2
500
4%<> 4%
62'A 65%
11% 11%
—
50c
common
Mining Co
Power
Jan
25%
.*
$2 non-cum dividend shares
20
2.50
1
Powdrell
Apr
10 % Mar
Midland Oil Corp $1 conv pfd__
Midland Steel Products—
__
2
Polaris
1C% May
Feb
6%
43%
Gold Mines Ltd
Pneumatic
West: Corp—
Ex-distribution
6%
Pleasant Valley Wine Co
Jan
8%
Feb
5%
2,220
—
—
High
;
5% Mar
Feb
4.
101%
44%
Pittsburgh Bess & Lake Erie RR.*
Pittsburgh & Lake Erie
Pittsburgh Metallurgical common
Apr
28%
3
1
Rubber
&
Johnson
Pioneer
Apr
9va
Fen
Low
5%
2%
»
Pitney-Bowes Inc
2% May
1% Mar
15,100
Range Since January 1
22,200
7
4%
—2.50
Piper Aircraft Corp common
10% May
2%
100
pfd
Power Co
Governor
Pinchin
7% May
9%
10
7%
Pierce
Jan
Feb
5%
Light 4%%
6%
3
•
Shares
High
5%
class A common
Phillips Packing Co
8 % May
110 V«
6%
1
Co...
Philadelphia
Jan
3
lan
Feb
5'/a
20
7'A
7%
25'A
Tire
Pharis
1?% Mar
19'A May
10t>
1
Co
Iron
Metal Textile: Corp
Feb
q%
Low
for Week
-
Apr
39%
$2.50
McWilliams
,
Exchange
Pep Boys (The)
Pepperell Mfg Co
Perfect Circle Corp
34% May
37'/s Mar
Traffic
&
Penn Water &
Jan
3,100
32%
Power
Sales
Week's
Friday
*****
...,
Range .\
Bale Price
of Prices
■
warrants—
Cement
Penn
May
2
1% Mar
9,800
May
'6% May
Feb
1%
\
common
Penn Gas St Elec
17% May
13'A Mar
400
6
73A
'
32
11
Feb
8%
6,000
5%
♦
common
Corp
Penn-Dixie
12
13
10
Shovel.
-
Par
M
Power
Curb
High
.
Pennroad
Marion
York
New
'
Curb Exchange
York
New
Last
••;.' h
STOCKS—
(2279)
COMMERClAt & FINANCIAL CHRONICLE
THE
^4^0r
Vdlturid" 167 '
1,100
41 %
27%
27%
35%
70
26%
26%
2,400
1,300
23%
7%
45
4
6
1%
24%
8
46
4%
7
l'A
Jan
4% May
4%
May
25
May
29 Vb
2,400
1,900
22% May
25%
1,600
36
Feb
3% Feb
5
"Feb
700
800
900
Jan
,
1
Feb
Apr
41% May
28'A
26
4%
Jan
8
Apr
Jan
Feb
May
46'A May
4%
7
Jan
May
1% May
35
36
COMMERCIAL & FINANCIAL CHRONICLE
THE
(2280)
YORK
NEW
4
Friday
Last
Curb Exchartje *
..A','
of Prices
Seal common.--..,-,...-1
Corp common^—1
preferred20
Corp—...—
1
Oil (Ky)
10
Power & Light com---;
1
Standard
23
3%
•
11%
Standard
class
Common
$7
preferred
B-
9,000
Feb
11%
19% Mar
23%
Jan
2,600
3%
8%
200
1,600
2% Mar
17% Mar
9 % Feb
11% May
27%
26%
7,000
25 %. Feb
29
2%
3
Jan
3
2%
2%
110
50
8%
6% Mar
3%
Bell
8ft
5%
3%
3%
3%
1,800
2%
Feb
4%
4%
5%
2,400
3% Mar
Boston
67%
68%
140
26
26
100
17
17%
(The)
1
Corp
Stein
(A)
Sterling
& Co
Sterling
Brewers
Products
Inc
—:
(J B)
Stinnes
Stop
——
Co common
(Hugo)
(S)
Sunbeam
k Co
1%
common
Corp
Sun Ray Drug common.
Superior Portland Cement, Inc—
7
53/4
'
6s—
States
Electric
...
7% Mar
8%
Jan
1st
Jan
2V4
Jan
13
1,225
400
1%
Jan
Jan
2,250
27%
Jan
35
May
5ft
Apr
7
Jan
6%
1,000
17%
1,075
3%
13ft
23% Mar
3,700
Lackawanna
A 1st
3ft
Oil Corp
14
,
10
1,050
Apr
of
4s
N
City)
Elmira
88%
104%
89%
65
91%
93 ft
£'3
9
104
105
22
103
105%
12
105%
107
104% 1043a
IO534 106%
86%
87%
87
'
81
j-j
Water Lt
Marelll
&
93%
299
78
88 %
43
102
106%
98%
100%
97%
104%
100%
55
112%
115
■
106% 106%
—
tl00% 102
A-O
tM-N
$99% 100
105%
105% 105%
A-Q
1993
$113
Af-N
1993
RR
Elec
02%
82%
..
63
May
1965
3%s
5s
Mtg
A6%s with Nov 1
102
109
Division—
J
Fuel
&
168
98%
104% 104'%
/
Af-Q
j-D
1954
Hi *
162
9
—
A
ser
109%
166
j -J
61%
63%
33
55%
44
44%
46
46.
29%
2
97%
103%
102% 103%
112
112
Jan
14 ft
Feb
(Bait
103
106%
"
88%
,.
j.j
1981
mtge 4s ser B
Eastern Gas
17 ft May
13% Mar
/
1962
Gas
1st mtge
a-O
1976
2%s ser Q
mtge
2%s conv debs
Apr
.
104%
1969
3s ser P
Gen mtge 4'/2s
Delaware Lack & Western RR—
1%
15ft
6%
13%
Feb
20ft
16 ft
3%
1
Apr
s
M-S
100
96
103%
—
Jan
16 ft Mar
4,
ref
(Bait)
Consolidated
2,300
250 "
ref mtge
Pwr
&
92%
15
101% 1013;j
92%
High
102% 108
106
tllO% 112
M-3
1969
Lt
Low
18
99%
10
J155
101%
j-j
1977
El
Gas
No.
102% 102%
q-f
j-d
1958
,
Range Since
January 1
Sold
High
106% 106%
1954
1966
Jan
14%
Jan
102%
,
1948
fist, ref 2%s series R_—
7 ft May
35
.
13 ft
1st
Feb
14
15
Jan
ft
98%
J-D
'
Bonds
107% 108 '
Corp—
5s
Ercole
Swan Finch
1970
Debenture 3s
19ft
5%
Af-N
j.j
1998
2%s-
Service
Consol
15% Mar
■
"98%
1960
Steel
Edison
Debenture 5s
26"% May
-•
108
j-j
1955
(207c redeemed)
A5fts (20% redeemed)
Cities
May
4,700
193/4
33%
68 %
;
Feb
22
1,800
700
14%
1%
16%
Feb
9,900
18
33
52%
/-d
1964
A5s
Apr
1%
14
18
•
1
Superior Tool & Die Co..
Feb
;77/8
/
13%
14
E..
8
1%
73/4
—-5
1
*
-•
25c
Corp
& Shop Inc—
Stroock
73/4
8
1
—1
*
-
■'
5%
deb 5fts A_.
& Tel
Friday's
Low
1953
Debenture 5s
17.
1
——
^Sterling Engine Co
Inc
L
Sterling
Stetson
——-•
1
common
Aluminum
8
4%
68
*
,
or
Bid Sc Asked
W:Z.
1970
City Electric 3%s
of Canada—
§ Central
6ft Jan
Steel Co of Canada
Week's Range
Last A"
Sale Price
Telephone
Bethlehem
3% May
Starrett
Period
5s series C_
Jan
11% May
8% May
Feb
102
3,200
2,400
Atlantic
Feb
May
23/4 May
1 % Mar
800
111%
1
1%
10,200
IS3/*
1
Co„;—.
Products
Standard-Thomson
Intercut
Exchange
,'t>•*?.£7..
/
Assoc Tel
3% May
18%
-11%
Corp
1
Standard Tube class B———1
Standard
Curb
Appalachian Elec Power 3%s
Associated Electric 4fts_.T
Jan
850
3%
•
•
—-————
11
23
11%
*
—
„
High
Low
2%
—
Standard
High
28%
2%
Forgings
York
New
Ranfe Since January 1
17 3/4
Dredging
$1.60 convertible
Standard
Sbares
9%
•/'
preferred.;-
Friday
BONDS
for Week
21ft
11
VI——10
Convertible
•*
'
Low
Standard. Cap &
EXCHANGE
RANGE FOR WEEK ENDED MAY 21
Sales
Range
gale Price
STOCKS—
York
New
Week's
CURB
Monday, May 24, 1948
.1956
M-3
112
112
112
36
31
31
Co—
1940 coupon—1953
A6'/2s ex Nov I 1947 coupon
1953
63%
46
103%
$25%
$13
.
Finland Residential Mtge Bank—
Taggart
Corp
10%
1
common
Tampa Electric Co common
*
29 ft
28%
30
1,300
Technicolor
•
14%
14%
16
7,500
Texas
Inc.common—,—
Power &
Light 77c
118%
2
Shovel
Thor
Tilo
Co
new
Corporation
Allied
k
19
1,100
19ft
18%
19%
3,200
16
Jan
Feb
21
Stocks.
xl434
14%
15
3,100
12%
Feb
15
14
17
7,300
11% Mar
17
7%
7 3/8
700
533%
50%
53%
120
Feb
7%
49% Mar
—
A6j/2s
Toledo
Edison 4% ft
A7s
Trans
Lux
Inc
Trunz
80c
88
Feb
150
92
Jan
3,800
1
Mar
1%
Feb
7,000
4% Mar
6%
Apr
A 7s
with Nov
1%
4(4 May
A7s
ex
1%
1%
1%
5%
6
3%
4%
43,600
Feb
~7
1
*
7
9%
10
31
May
Feb
9
Jan
9 V* Mar
500
12
Jan
6
200
Realization
Unexcelled
Gas
.
Canada——
of
Corp
i
Union Investment
Co
2%
2
2%
3,400
1%
5ft
7%
5'A
5%
6,000
7%
8%
6
4
6
5% Mar
100
8ft
Jan
eft
Jan
Ohio
Apr
.
100
United
Aircraft
50c
United
Chemicals
United
Corp
United
Elastic
Products
com
common
57 V2
4%
140
4%
%
%
%
3%
55,100
•
35%
33%
35%
300
19%
19%
20
7
21%
21%
22%
20
20
Preferred
62
Jan
May
May
Feb
31%
6,500
% May
Apr
35 % May
Feb-
20 ft
Apr
17%
Feb
22 yc
20
Feb
30-
May
Jan-
Jan
26ft Jan
16
32,500
100
♦
.
United Molasses Co Ltd—
Amer
dep rets ord regis———
United NJ
RR
United Profit
&
Canal
Sharing
7/10 ft
Shoe
Preferred
United
Machinery
and
$5
1st
1%
£
58%
57%
60%
40
38%
40
Securities
with
warrants.
U S Radiator common
U S Rubber
2%
18 %
*
2%
4%
•
1
17%
2
50c
Utah-Idaho
62%
Jan
41% Jani
800
8%
Feb
2,300
6,700
26,500
18
2%
Utah Power & Light common.—
J-D
Light 3'/2s
1969
1956
1963
1967
3ft Apr
3
3%
1,000
2V*
700
381/8
Jan
22
Jan
3
Jan
62%
3% May
67 ft
25
19%. Mar
22
750
23 % Mar
2U
5
3%
3
338
9,500
♦
22%
22
22%
2,000
23/4
Feb
Apr
May
Jan
3ft
19 3/4 Mar
12
17%
26%
61%
55
55 ft
61ft
25%
1
22
3
"4
107
109%
1013#
102
M-N
2004
Jan
22% May
——
109% 109%
$101% 103%
66%
New Jersey-—
certificates.—
perpetual
Queens Borough
5%s series A
103% 103%
$4 convertible
9%
3,800
7
Mar
10
Jatt
98
Jan
preferred.
—5
Petroleum—
...1
8%
8ft
8%
7,600
5%
Feb
Syndicate Inc..
,20c
9ft Apr
4ft
3%
4%
3,600
2% Mar
Vpgt iManufacturingLi---.
•
15%
1,500
4Ys May
15 y2 May
Venezuelan
Venezuela
s
90
15 ft
82
90
14
125
80
Apr
xl2%
Feb
58
3
106% 106%
26
$102
|
90
J-D
$104%
J-J
101%
10634
102%
82%
92
103%
105
"I
103
100
6
19
34
__
26
$13
—
151% 151%
A-O
100
10
140%
Gas & Electric—
Af-3
1951
A-O
99
1965
M-3
1973
J-J
1970
A-O
100
4
Southern
California
3!/8.s series A_
3s__
Edison
3s
—
Southern California Gas 3%s
Southern Counties Gas (Calif)
1st
5s
Corp
collateral
& Elec
3%s
101%
105%
104%
1053/4
"l
103% 104%
104% 104%
100%
M-N
1950
A-O
1966
i
trust—
100% 100%
F-A
1989
Corp—
stamped
(Hugo) Industries—
3rd
Stinnes
A7-4s
101%
105 %
A-O
2
2nd
113%
98
1946
105 ft
102
102%
"4
96%
115
115%
10
114%
115%
$65
28
24
100%
68
$23
J-J
1946
stamped—
101
$105
A-O
24
25
105%
102%
116
63%
30 ft
21
11
75
22
—
30
Hydro-Electric Co—
A6%s with Aug 1 1940 coupon—1953
A6%s ex Aug 1 1947 coupon
1953
Electric
ex
Service
with Dec
Dec
$26%
.
$13
1949
5s
1940
1
J-D
19
13
25%
1956
103 %
25%
18
2
27%
$13
1954
M-3
76
76
76
4
Washington Water Power 3%s
1964
J-D
107
107%
Penn
Electric
5s__
2030
A-O
106% 10634
1
West
Penn
Traction
5s
1960
J-D
1959
P-A
72
15
West
Western
38
102%
Hotel—•
debs
income
28%
—
102% 102%
Co—
coupon—1956
1947 coupon
1
Waldorf-Astoria
A
101%
37
99
$104% 105%
J-J
1970
5s
inc 5s
104%
101
"5
113%
97%
(Hugo)
A7-4s
Terni
.1971
Gas
(A G)
'
103%
100
__
—
mtge 3s—
Southwestern
$99%
151%
98
$114
mtge
103'/a
105
90
26
67
101%
103%
104% 104%
M-N
A7s
8
107%
Scullin Steel inc
A 7s
8%
105
104
Safe Harbor Water Power Corp 3s_ 19,81
San Joaquin Lt & Pow 6s B—
1952
United
1
102%
1
103% 103 3'8
-A-O/;
.
common
9
107% 107 ft
107%
11
M-N
.11952
25
66%
j.j
;
17
18
$ 104 7/n
A-O
■
28 ft
16
22
—
J-D
1968
United Electric Co of N J 4s
Valspar Corp
20
$13
■
of
Service
6%
Stinnes
22
28%
Public
18% May
61%
26%
26 %
57%
Hydro-Elcctric Co—
A6%s with Oct 1 1940 coupon__1960
A6%s ex Oct 1 194/7 coupon
1960
AStarrett
Apr
17%
Piedmont
5ft May
83
May
Feb
16%
5
Af-S
—1961
-
—
Feb
1 Va
13
26%
4-0
Pennsylvania Water & Power 3'/4S-1964
3%s
1970
1%
12%
26%
F-A
& Westchester Ltg 4s
Power 1st mtge 3V4S
Spalding
1,400
26
Apr
103/4 May
Feb
27
27
26
26%
J-J
1st mtge 3s
19 Va May
5,200
27%
:
Feb
70 y2
17%
Valley
11 s,8
75
10
—
,
2 y4 Mar
3
10
common
10% Jan
543/4 Mar
38%
61%
10
Sugar
4,100
Jan
2
410
83
17
2%
7y8 May
5%
4%
1
1% Mar
250
3%
83
Reclaiming Co
5% May
247% Feb
Jan
1,400
19%
18
Stoves Corp com
Universal Consolidated Oil
Universal Insurance
United
Universal Products Co
5% May
103/4
93A
10c
l
International
preferred
25
1
common
Conditioning Corp
S
1%
7%
25
common
—
U S Foil Co class B__
U
1%
10
Specialities
U S Air
100
24a
25c
com
preferred.—
United
5%
5%
100
17
Jan
4% Mar
44
25
•
common
97
57% May
4,400
10
Corp..
Products
91% Mar
38% Mar
warrants-.
Milk
59
4%
225
•
United Gas Corp common
United Light & Railways
United
97
7
6
26
„
J-J
1966
————1971,.
Park Lexington; 1st mtge 3s—_1964'
.
95
26
27
25%
1963
4'/2s
England Power S'fts
26
26
26
1952
3y2s
New
105%
17%
—
61%
1952
Corp deb 4y2s
1023%
103%
30
Co—
Power
60
103%
100%
26
J-J
Milwaukee Gas & Light
NY
56
100%
__
26%
J-J
1952
coupon
103%
26 %
__
26
1952
1940 coupon
Apr
6
2,800
26
F-A
1957
ctfs
2 Va Mar
Jan
Union Oil Co of California—
97
$26%
—
6%
4 Va Mar
$3.75 pfd series A
Union Stock Yards of Omaha-
j-d
1955
RR—
Extended at 4 7c to
5
•
104% 105
coup)
61
102
102%
12
$101%
M-N
coupon)
1947
Kansas Power &
Midland
10c
Corp
Chemical
$101%
A-O
1970
Altalian Superpower 6s
U
Union
J-J
A-O
—1957
I
1
Kansas Electric
McCord
Ulen
1958
1949
coupon)
Hydro-Electric
Nov
38
100%
1955
A Debenture escrow
Isarco
5
„
1949
Interstate Power Cc-—
Jan
97
29 y2 Mar
com
preferred
convertible
112 y4 May
45
102% 103%
$59%
60 ft
Sec—
1941
390
•
Tung-Sol Lamp Works
(July
96%
5%
1
,
warrants
A7s
112%
95%
1
Corp
Tri-Continental
Jan
43
$101%
103'/
Jan
1941
1
(Aug 1941
A7s series F_^.
Feb
1%
6s
A
ser
series E—
1,000
3%
Tonopah Mining of Nevada
7%
Feb
J-D
C
(Dec
1%
111
•
100
pfd
Feb
iy8
J-J
1963
Jan
series
A6%s
53% May
6%
1%
1%
1950
3%s
B
A7s
£1
5s
Ry 4s
Power
International Power
Tobacco
Security Trust Co Ltd—
Amer dep rets ord regis
Amer dep rets def regis
Todd Shipyards Corp
M-3
Indianapolis Power & Lt 3'/4S
May
Apr
53%
series
6s
May
16 ft
7%
Mountain
Hygrade Food 6s
Jan
1
1961
—
Guantanamo & Western
17 Va May
19y8 May
*
Construction
Green
Jan
Feb
May
11%
stamped
Grand Trunk Western
May
124
Jan
18
700
16
1
-Realty &
Brewing Co..
Tobacco
18
3iy2
—1
Rooting Inc
Tishman
Tivoli
17%
18
5
common
16%
5
common
5s
11 % May
2?% May
11 % Jan
pfd...—100
Texon Oil & Land Co....
Thevv
Feb
77
102%
107%
117
$117% 119 ft
107%
106
120
,
Newspaper Union—
6s conv s f debentures
100
99% 100
99%
103%
W
Waco Aircraft Co
•
Wagner Baking voting trust
7 ft
preferred
ctfs ext.*
_
Waltham
Ward
Watch
Coal—
—
4,600
650
8ft Mar
4%
3%
4%
3,500
2% Mar
6ft
4%
5%
6,450
2% Mar
5ft May
2%
2
2%
1,500
1ft
Feb
2ft Mar
9%
73/4
9%
7,500
63/4 Mar
9 3% May
River
Willson
Wilson
5ft
(R
•
Oil Corp..
Corp..—
C)
Products
preferred
1—
Inc
Woodall
Industries
Woolworth
(F W)
100
140
150
33
15
100
15%
900
23%
22%
23%'
1,300
10%
10%
11
4,700
10%
10%
12
12%
325
73/8
4,000
'
6%
pfd
6%
19
19
22
22%
50
-
14 ft
;
•-
/
Feb
200
14
17
Feb
2
13%
12
13%
1.100
1
17
17
17%
1,400
'
y',:Janv.
Feb
.
Wright Hargreaves Ltd—
For footnotes see page 37.
—:
8
-
©ft;
3,100
7%
Danish
*
May
External
Jan
-External
7% May
19
/
'
May
22% May
102
Apr
14
■'
Jan
19ft
Jan
9ft
"1;1
2%
"2%
~2%
10,900
2
Mar
Valley
Cons
May
12% Mar
Apr
£1
,
ACauca
'
Jan
T
2%
Jan
7s—
Loan—
,
Sale Price
yf
Bid & Asked
Low
■
$61%
—
'
*'■
Bonds
Friday's
High,:
No.
—
$32%
—
■
»
■
Low
>
High
61 % ;
—
$61%
J-D
;yw* r:
)(• -i)
■%
Range Since
January J- •/
Sold
65%
61%
34
•
—.
'62%
33
;
;39ft
'
1955
-i
or
J-J
—1948
Municipal
5%s__
'.*<
Last
A-O
5s__.>-1953
Danzig Port & Waterways—
'
AExternal
6'/2s stamped.—
1952
ALlma City (Peru) efts stamped.1958
Maranhao stamped (Plan A)
M-N
$55
—
'
75
84ft
84 ft
68
78
*
r-a
$50
72
„
»
-
;
Interest
reduced
to
2%s
AMedellin 7s stamped
Mortgage Bank of Bogota—
t.A7s
5s
*
Jan
Ltd—
deposit receipts—
preference
■
Jan
113%
v-;
10 ft Mar
13
/>.
Jan
11
Jan.
800
i
'ti
Period
Agricultural Mortgage Bank (Col) —
A20-year 7s
April 1946
A 20-year 7s..
L
Jan 1947
Bogota (see Mortgage Bank of)
Apr
24
Feb
9ft May
Feb
95
Exchange
16%
10
33)
Curb
18ft
y
17% Mar
6ft
York
Interest
25ft
May
Feb
New
May
May
39%
x22ft Mar.
100
Inc..
■
Week's Range
Friday
Apr
29
-
Mar
113 ft
4
v-.7; i ;
100
Apr
161
25ft Mar
300
143/4
1
Feb
29
38
15
10
115%
-Jan
37%
1
—
4%%
American
6 7c
112
23%
25
&
Woodley Petroleum
22%
Jan
Jan
13
BONDS
20
22%
common
Wisconsin
Lt
159
2%
•
29
1
w_
w
158
37%
i
common——Zv.
Winnipeg Elec
Pwr
112% 113
20
5
Co
&
Brothers
,
1
Co
Foreign Governments & Municipalities
Feb-
2%
11%
5
Mfg
&
(The)
Apr
1103/4
10%
10
Whitman
Wichita
l'/s
10% May
Feb
Feb
l
Inc
Weyenberg Shoe
Williams
3% May
Feb
8
"l%
2
Manufacturing
1.25
West Texas Utilities $6 preferred
*
Western Maryland Ry 7% 1st pfd—100
Western Tablet & Stationery com
*
Wickes
1%
11%
Wentworth
(Wm)
1,400
1,500
1
Co
Baking Co warrants
Aircraft Corp—.
Westmoreland
3%
10%
110%
1
Warner
Westmoreland
3%
9%
30
preferred—
cum
10
100
*
Waitt & Bond Inc
$2
3%
&7s
(issue of
(issue
of
May
Oct.-
:&•
2008
i_—1951
1927)
1947
■
J-J
6
$11%
M-N
$26
30
J-D
$32%
1927).-*
1947
8
s'7
*
137b
34
Jf-N
$42
"
AMortgage Bank, of Chile 6s.H^—-1931
Mortgage Bank of Denmark 5s
1972
7%
6
MS
A-O
•
J-D
J-D
•
I;*
$42
,7
7v,/15st
24
—
7/
39ft
42%
44%
.
80
j-
30
33
:-y
$25
$60
14
44 u-;
: •
44ft
22
!:'f 22
71
81
■
THE
Number 4701
Volume 167
YORK
NEW
COMMERCIAL & FINANCIAL CHRONICLE
Stock anil Bond Averages
EXCHANGE
CURB
RANGE FOR WEEK ENDED MAX 21
^';§!fevv- ":
or Friday's ^-Bonds
Range Since
Bid & Asked
Spld
January 1,
Week's Range
Friday
Interest V
i:.^^;Ai,BONDS
York
New
f
-
Curb
*
,
"
■,
(Plan A) % ;
Interest reduced to 2VaS
Parana
Peru
Last
Sale Price
Period
Exchange
v"v.
stamped
High
Low
ir'_
■;
Low
No.
2008
Janeiro
J-J
UkInterest
ARussian
(Plan A)
reduced
to
1997
r
2%
stamped
* 20
25'/a
25
__
2012
WJ
1919
M-S
—
6%s
Government
14%
A5V8s
J-J
•' '
■
.-1921
compiled by Dow, Jones & Co.
as
Bond*
7 27
25
;;"L"
145
14%
14%
-
SO
13%
f
s
-
3%
3%
J-J
24
3(4
J22%
3
3
—
3%.
—t
163
109
.
Rail-
i®
■
'
Total
Util-
IVFirst
b
*
II
Second
Total
Indus-
ilea
Stock*
Grade
Grade
Otlli-
40
trials
60
roads
trials
Date—
•
I»%V
20
Indus-
157/8
Rail*
Rail*
ties
Bonn*
v
18
-'24
c, 2/a
3%
May
15
190.25
62.18
35.79
70.70
101.53
105.59
91.64
May
17
190.44
62.27
35.89
70.81
101.55
105.59
91.34
103.31 if
§103.19$
100,52
3%
188.56
61.25
35.56
69.99
101.50
105.54
91.15
1
103.18
100.34
2(4
delivery transaction (not Included In year's range).
4 Ex-ihterest.
e Odd-lot
transaction
(not included in year's range),
f Ex-distributlon.
g Ex-stock div.
h Exprincipal.
n Under-the-rule transaction
(not included in year's range),
r Transaction for cash
May
18
May
19
(riot; included in year's range), x Ex-dividend. y Ex-rights.
'Friday's bid and. asked prices; no sales being transacted during current week.
May 21
•No par value,
of representative stocks and bond,?
averages
Exchange
Stocks
'
fe!• is to 2Vis (ser ABODE).-
closing
High
' '•
(Republic of)—
Rio de
Below are. the daily
listed on the New York Stock
a Deferred
«
100.42
188.28
61.31
35.51
69.93
101.CO
105.63
91.05
103.19
100.37
—
189.26
61.29
35.81
70.23
101.59
105.69
91.06
103.24
100.40
—a
189.78
61.48
35.72
70.37
101.55
106.01
91.19
103.24
100 50
May 20—
.
A Bonds
being traded flat.
§Reported in receivership.
Abbreviations
"cons," consolidated; "cum," cumula¬
stock; "v t c," voting trust certificates;
"xw," without warrants.
above—"cod," certificates of deposit;
used
Transactions at the New York Curb Exchange
tive; "conv," convertible; "M," mortgage; "n-v," non-voting
"w
"w w," with warrants;
I," when issued;
Daily, Weekly and I Yearly
Transactions at the New York Stock Exchange'
Stocks
>
*'
Bonds (Par Value)
~ >r"
c >
Foreign : ?
Foreign
' ■'<
%i.
Government
Corporate
* Total
(Number
Daily, Weekly and Yearly
f
Stocks,
Number
Week Ended May 21, 1948
$27,191,000
—
Tuesday.
Wednesday
-
Thursday
Friday
•
Total—
6,000
5,000
$65,000
$2,726,800
2.592,440
3,053,588
$22,000
680,000
564,000
503,000:
365,800
21,1948
Domestic
:
Saturday
743,105
$119,000
$28,000
$2,000
Monday
805,040
173,000
129,000
2,000
Tuesday
698,985
349,000
93,000
15,000
,"
Wednesday...
466,990
141,000
101,000
' 3,000
' J; 245,000
Thursday
551,990
162,000
36,000
r—
589,424
235,000
57,000
3,855,534
$1,179,000
$444,000
$149,000
$30.004,800
United States
Government
Bonds ;
$9,000
41,000
4,000
5,000
$176,000
438,000
2,480,340
1,853,330
2,479,960
2,674,730
$3,851,000
4,279,000
4,969,000
4,626,000
4,446,000
5,020,000
15,134.388
Saturday
Monday
j
Foreign
Bonds
Bonds
Total
Bond
Sales
$4 036,000
4,760,000
5,656,000
5,207,000
4,949 000
5,396,800
Jnt'l
Bank
Bonds
Railroad
of and Miscel.
Shares
Week Ended May
of
Share)
'
———
$2,000
3,000
12,000
-a
"
Friday
——
Total
—
Kf,
304,000
f
?\f
457,000
198,000
6,000
298,000
$28,000
$1,651,000
T
Week Ended May 21
1947
1948
1,722,970
3,855,534
Stocks—No. of shares.
6,405,920
15,134,388
Stocks—No. of shares.
1947
1948
Week Ended May 21
Bonds
Bonds
Domestic
U. S. Government
International Bank-
Foreign government-
Foreign
Foreign corporate
Railroad & Industrial.
Total.
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDED MAY 21
Friday
v
Friday
Week's
Last
Sale Price
STOCKS
Arundel Corporation
t c
v
4%
Par
Shares
Kennecott
Range Since January 1
762
16%
13%
Jan
303
2
Mar
825
4%
4
High
Low6
High
15 %
Sale Price
STOCKS
Sales
for Week
of Prices
Low
Baltimore Transit Co com
"
Range
Week's
Last
Baltimore Stock Exchange
12
Apr
16%
Jan
Jan
5
—*
Copper
Corp (Del) common——
Central RR common
Lamson
Maine
•
Low
—
__
Sales
for Week
Shares
56%
9%
58%
Low
9%
984
50
Mathieson Chemical
Corp
.100
12
12
13%
460
54
51%
54
155
35%
35%
—•
—
20
,
40%
40%
Brager Eisenberg Inc
50
Feb
40
23
40%
Jan
—*
—
50%
30
50
51 (2
265
25%
28%
434
May
m
Miners Transportation
Merchants &
Mount Vernon-Woodberry Mills—
—5
18%
17%
18'%
—1
49c
36c
50c
1,581
6,662
New
U S Fidelity
<fc Guaranty—u
Conn—
1!
Rexall Drug.
7Vo
Suburban
Range
Last
of Prices
Low
1
Tel
American
Tel
American
Anaconda
100
Woolen
Copper
&
&
50
RR
.
39%
21%
21
__
122% 125
6% Feb
4,203
157% May
719
36% Mar
33
180
190
42
43%
2,874
19
19%
26
26%
45%
45%
47
cl C 1st pfd stamped
"
pfd stamped
Prop Trust
1st
Personal
& Providence RR
—
'('■
&
•'
Hecla.
5
Century Shares Trust
Cities
—
Service
Eastern
Gas &
Eastern Mass
Common
6%
Street
Ry—
preferred
preferred B
SS
Employers
First
Lines
Group
National
...
—
Inc
common
•
•
430
20
17%
115
36%
common..
Rubber
Inc
System
Westinghouse Electric Corp
May
Feb
39 Ve May
Apr
Mar
131 % Jan
21'A May
125 % Feb
Feb
43'A Maiy
Feb
Friday
STOCKS
7%
170
100
100
•
—•
1
Corp
General Electric
6%
86%
22'A
22%
22'A
21
21
21 Vo
795
29%
30
110
54%
55%
165
'
55%
__
38%
25
15
65
135
40%
46,
3%
67
89
45.40 45.72
25
38%
40%
3,383
37
25 '
39
25
1,477
15
4
850
3%
Feb
9%
Feb
Mfg Co
.
Corp
...
common
Bliss
& Laughlin Inc common.
Borg (George W)* Corp
Borg-Warner Corp common
Brach & Sons (E J) capital
Bruce Co
(E L)
common
(new).
Burd Piston JRiug common
Burton-Dixie Corp—_—_ ^
Butler
Bros
.
_,
common
Carr-Consolidated Biscuit common.
Castle & Co
Central
111
(A M)
Secur
Convertible
common—
Corp
preferred
1,350
155% 157%
1,900
14%
2%
2%
7%
8
4%
550
6%
7%
3,300
common
Avco Manufacturing
700
26%
4
Athey Products Corp capital
Washer
157%
12%
25
7%
Berghoff Brewing Corp.........
Binks Manufacturing Co capital.
3%
Feb
3%
150
2%
200
25
7%
2,350
14%
common
Co common
6%
82
Feb
1,800
6%
12
Bastian-Blessing Co common....
67
86
__
•
For footnotes see page
Co
14%
15%
10%
common...
7
15
6,700
2,250
450
21% Mar
148
Mar
11% Mar
1
High
Low
5%
25%
American Tel & Tel Co capital..
&
Range Since January
15%
Allied Laboratories common..
Armour
Shares
High
10%
Aetna Ball Bearing common
Asbestos Mfg
Sales
for Week
6%
60
6%
Week's
Range
of Prices
10%
Mfg
354
82
„
4
D)
Corp common
Alum Castings
57%
55'A
„
—
(J
30.16 30.16
__
Safety Razor Co———*
International Button Hole Mach Co—10
Isle Royale Copper
...
...15
Gillette
Admiral
Advanced
Belden
100
Sale Price
Low
Automobile
'
7%
„
__
•
Assoc
Stores—
General Capital
47
43
43
'*
*
100
—100
series A__
5%x pfd adjustment^.
Eastern
1
10
17
_.
J
——„—
1st
8
„
1,066
100
200
291
131
152
Associates---
Fuel
:jl. Common
—,._j
0. 4%% prior preferred
L_i
£• 6%
•
8%
6
8%
__
100
8%
8%
8%
8%
17%
8
__
100
100
100
*
3%
3%
__
1st pfd stamped——100
class A
Calumet
30%
125
55
S
Waldorf
Adams
class B 1st pfd stamped
Boston
6
Machinery
475
100
stamped—100
8%
class D
Shoe
...
Fruit Co
Last
5%
10%
Mar
—
United
513
•
19
25%
Herald Traveler Corp
Boston
10% Mar
83
common
Co
United
U
May
1,299
Securities
Elec
Railway—
preferred
W. 7%
High
Low
42%
prior preferred
6%'
Range Since January 1
147% Mar
100
Boston & Maine RR—
1%
680
pfd
Union Twist Drill
<
100
Elevated
f Stamped
Boston
55
130% 131
125
25
Boston Edison
Boston
100
155% 157%
38%
__
__
*
Albany
6
53%
55
100
Inc
Son
&
157%
•
Bigelow-Sanford Carpet 6% pfd
Boston
__
High
6
Par
Inc
Shares
.
Sale Price
STOCKS—
Sales
for Week
Week's
Friday
Bird
96
Webster Inc
Torrington
Fisher
11%
89
Feb
Assn
&
Stone
&
11
94
14% Mar
Inc.
RR
Shawmut
Alles
11%
100
Feb
10
30c
.1
1!
A
,
-20
65
610
QuinCY Mining Co —
Reece Corp
A
—
Reece Folding Machine
Rutland
series
12%
15%
10%
6'A
12%
26'A
157%
15
May
May
May
May
May
May
May
Feb
2 % May
Feb
3% Feb
Jan
4% Apr
7'A May
1%
6%
4%
Feb
|
58% May 1
9% May
.feS" 13% May it
;v
55% May
' ''36% May
54 :> Jan ^
28% May
13% Apr
18% May |J
54c
Apr
H
12% Jan
96
May
f|
Pennsylvania RR
of
Baltimore Transit Co 4s
5s
12%
__
,.;v High
Mining—
Pacific Mills
Line
Indebtedness—
cts of
5%
—1
England Electric System
England Tel & Tel
North Butte
BONDS—
Coast
Service
__
42% Feb
9% May
6% Feb
31 "2 Feb
28% Feb
41% Mar
19?# Mar
Casualty
Amsterdam
Atlantic
'
Cos
Mullins
New
Common
New
—1
National
19
1st preferred v t c
Mergenthaler Linotype
Mfg Corp common.
Narragansett Racing Assn
Nash-Kelvinator
5 7o
v J <
t
''•.''••r1*
Range Since January 1
High-
100
preferred
5%
--5
Range :;,
of Prices
8
(2282)
38
THE
COMMERCIAL
&
FINANCIAL
OTHER STOCK
CHRONICLE
EXCHANGES
RANGE FOR WEEK ENDED MAY 21
Friday
Week'a
Last
ifV-tj
STOCKS—
common
-50c
.
Cherry Burrell Corp common
Chicago Corp common
Convertible
I*v.
preferred
107b
1
14%
Rock
Island
&
Pacific
107#
Convertible
*
71
North
66
Mar
Packard
Apr
77a
Feb
267c
Feb
5
Jan
155
6074
71
Jan
112
Apr
•
— —
5
28 7b
!
Feb
6
7a Mar
Cum
Co
common
13,500
preferred
Mfg
Dodge
50
(new)
Corp
common
3774
__
37%
mmm,
-1
mmmm
3674
200
Mav
39
new
Dredge & Dock
Flour
Mills
of
•
May
Jan
Standard
2874
40
May
Sunray
Oil
500-
16
Feb
87a Mar
300
27b
40
82
15
37
Apr
Steel
Studebaker
Wilson
10% Jan
297a Mar
50*
Fox
(Peter)
Brewing
x95/a
—.
2,300
874
-1%
common
70
16 72
87#
—10
*'jpK' V';•
General Finance Corp common
97a
14%,
Inc
—
157#
'
1
9
58%
87#
8%
38%
Safety Razor common—...
Goldblatt Bros common—.
common—
Dr &
300
Feb
257b
2,200
197a
177.
197a
3,200
35%
42
2,300
common.
13
1
-■
21
79%
■■-v.;.
11%
30 ts'i
19%
207b
—25
11,900
1074
2974
1.;.
15
_.
13%
127b
11%
«■
807a
37
60
Feb
100
Feb
8
.13% May
Feb
1174 May
23
Feb,
9,400
147r
Feb
20.
21
400
6974
Feb
807a May
11%
Feb
15
1,400
1
11
;
15
1474
15
1
2774
267a
28%
77«
*
2,400
1
Spring
Corp
157b
14%
15%
11,400
3%
37a
6,900
common
Corp
_
•
ft* Co
3%.
May
.
167b
173^.:
Jan
12
May
972
Jan
1974
Jan
V,-
7
STOCKS—
•»•••
*
:
Friday.
Last
,•
:
6% Mar
60-
May
874
Feb
28
900
17%
Aluminuin
.
300 ii
17 7b
'
xlO%
10%,
May
28% May
.;
97»
Feb
15% May
\V-
2 7b
Feb
12 7b
37a May
Feb
17%' May
Sale#
t.
for Week
Range
'.'of Price#
Shares
Range Since January 1
10
Mar
17
Mar
21
15% Feb
'
'
''
'
Low f High
Par
'
Industries
Baldwin.
Jan
—iw—__—...
—
.
31% '
30%
y
p
■
••••
4»/a:v'4%
17% 18% i.
lo- r^'ii^-v:
"
-2
..8
200
18%
700
11
5
9% Mar
3,050
30
28
11%
56%
370
4%
•
5
1,1%. Jan-
Feb
24%
1,400
55%
55%
——1
common
25
25
t; 26 2." 26%
290
Jan
30
Jan
5
'8p;T; P
•••
Cincinnati Street
64%. Jan
3% Mar
a,ooo
C N 0
11% May
■
13
29 '/a war
225
2128
.
1
.
90
101V+.T01 %
■:
,
r
•
..19
Apr
117# May
..iS'ii'.'.Max.
••
441 '
2377 Feb,
93
.Jan
<27 :■
Jan
32% Jan
4% May.
••
3 7. Mar;
14,Vc Jan
,
v.101
Mar
'
May
Mar
9v
52
High
9% Feb'
•'•'22 '•'
i
1
—-a*;-- • ::-iCincinnati Gas common.;—50
26 %
177» May
Low
•"
i Balcrank 7—.
387#. May
13
May
1,400
10%
24
25
.
Mar
:25-
•
96
,>'r.'Sjh-
Cincinnati,<
"
Crosley Motor#
.110
•
74.; 2,v75%-'
12
11%
,
22.2,; 10-
12-
•^748
-52
107#
>
.
--.98'.
May
>:'8Uan
May
v
8i
"
16822'
'
Jan ••
80 '
l-,636f.»;
r-t
•75%
iStock; Yar&i-v_f!•—2_—.22* *
Cinn. Union1
' May
;; 93i'^:96
'
•
,,.
220.
107#
-
^"13"
Apr
Jan
Jan
6% May
'10% May»,
%*KtAi&p
"
:
i.
"
•
Illinois Brick Co capital
J—«. .-10
Illinois Central RR comon.
100
Independent Pneumatic Tool com—*
16%
14%
1,050
39%
400
28
Mar
23
*
1,200
21
Mar
2374 Mar
8
99
99
100
11 %
11
12
10
10
10%
90
9%
300
*
——.I.
commpn—
8
90,
Co
Kata Drug
-—L
r
397# May
22
22
16%
39%
L
common.
International'Harvester.
6%
Feb
16'A May
600
86% Mar
10% May
2,050
•
6% Jan
99
•
La. Salle
univ
Ext
-5
common—..
187a
Libby McNeill & Libby common
Lincoln Printing Co common;
Marshall Field & Co
?97a
1
Mickelberry's Food Prod
Corp capital—.
Inc common
Miller & Hart
".10
Modlne
Mfg
Chemical Co
common.....
preferred* .—-J*.:.--'—
■
r
,
National Standard
North American
Oak
Car
Coal
prior
5%
Co
—
—_5
common.—
Shellmar
Steel
Signode
Oil
Sinclair
Society
St.
Sunbeam
Corp
Sundstrand
capital
Swift
&
Co
Texas Co
Steel
stock
Wieboldt Stores Inc
Woodall
•
1
33
371
407#
492
21% May
987
550
27% Feb
13%
11 -»/4 May
15
42
3,000
32
Feb
42
3374
3274
3374
3,350
26
Mar
1374
12%
1374
400
11%
28
23%
287B
20,500
15%
7%
774
450
__
26%
*
350
137b
267B
27
14
2,200
327t
5
3274
6
20
25
com
Feb
14
Feb
.,235
8%
15
40
13
15
Jan
50
44
48
28%
.14
37B
1,800
200
9%
Feb
800
37%
Feb
15%
1572
400
12%
Feb
1,700
7%
Feb
2% Mar
Week's
12 Mi
17% Mar
18%
350
277s Mar
35
30%
1974
34
347B
700
17 7B
1,200
64 74
700
15
52%
1874
19 74
950
16
317a
307B
3174
950
28%
47
477a
130
2
44
41
1874
177B
1874
200
797a
79%
81
v
1,100
31
•
417#
2,200
31%
18
827B
827a
10%
11
13%
12%
137a
14%
41
27
367b
21%
-
147a
May
417b May
18% May
25% Feb
950
May
317b May
13% Mar
18% May
80
Jan
85
Jan
10
10
2,000
300;
Feb
117#
Jan
10% Mar
14
13
14%. Jan
Jan
18
18
47# May
227a May
16 %
17
4,379
79%
79
79%
452
a39 Vb a393/4
84
Manufacturing
Co
F)
&rug
Lakes
110
34 72
Apr
437# Mar
51
Jan
a43% a437a
75
32%
Feb
4474 May
66
47%
Feb
60% May
30
78
(Un)_^
common
a60
(Un).
88
221
a58s/8 a60 %
.
*
26s/b
265/B
tii-..—
30
a467e a477#
63
—*
28
May
4774 Mar
•
6374 May
387« Mar
467# May
'
15
15
15
14
Mar
17
30%
30%
21
22
Mar
31*
Mar
79
80
53
75
Jan
80
May
255
13
May
14
72
Feb
185
20
Mar
25
-
Jan
•
300
24%.;
457#
45%
_50
—
45%
r—_1
Machine
a52% a52 Va
34v > 34%
1
Laughlin Steel- (Un)
Kelley IsIand Lime ft Trans...
a36*
—*,
13
•
25
•
19%'Jan.l..
225
Jan
12'
540
10
Feb
70
2472
Jan
25
Apr
217# May
29% Mar ;*
928
-
1374-
25'/2
39"
25%
p39
5%
V
r
-5%--7
a277a a2778
474
337a Feb
47a Mar
1,090
20
'474
•
474
1,840
a5 7a
*
Central RR (Un)_____
566. 7;V
a36% ;
13 -
1"
1
A_—
35
5374 May
'-• *
•
15
4
4
__1
—1
48
317a. Jan
•>
14%
McKes (A G); classMedusa- PortranctfCemeht, il'—
—
40% Mar
-138
•»
Jan
37
May
15
May
'
*
.10
Metropolitan Paving-Brick_
*
v
•
a217e a21% :
z-*
Sessions
Y
Mar'
21
May
b072 May
100
.....
13%
N
40
100
common
common
National Tile ft Mfg
Nestle Le Mur class
May
1574 May
Feb
31% Mar
*
348
a617» a637#
•
97a
May
88
287**"'"' 50% Mar
—*
common..
Feb
126
a39% a397b
—10
...
...
a60%
88
14% a 15%
a
*
common '—2.
Towing
Acme:
Apr
105% Jan
i2674 Mar
13
National
3974 May
Feb
2
*
Preferred
•
34%
84
22
&
May
150
5
Jaeger
17
8174
a475/n a487a
•
Jones, ft
1874 May
75% Mar
a30Va a32%
-4
'L
Stores
Bros
Feb
Feb
al07%al07%
—-—-*
(Un)
(Un)
,(B
14
12%
15
common
Electric
156% May
1
15
(Un)
Natural" Gas (Un)
Chemical
1674 "Feb.
147% Mar
;
65
16%
:
•
Graphite Bronze
-Industrial Rayon (Un)
Interlake
Steamship
Jan
81
Mar
a317# a3l7#
1
Halle
Jan
68
202
Greif Bros Cooperage class A
Jan
48.
al55%al567a"f*
*
common..
prefererd
Gray
Jan
37
2% Mar
695
Electric Illumin common—*
Great
C4% May
Feb
; a22-'/2 a22V2-
100
Goodyear Tire;ft Rubber
Jan
Feb
Mar
a22%
1
Iron
preferred
Glidden
Mar
•21%
Feb
90
32 72 May
Goodrich
Jan
Feb
Low V*
.
a4%
287e Mar
Cliffs
General Motors common
Jan
May
Range Since January 1
High
27
Eaton
May
]77« May
1,000
187a
...
—
Feb
Low
a4
5
Controller,
Lamson
41%
1074
common
9%
50
35
Sale#
Shares
Apr
Preferred
18
63
,'7
Jan
Electric Controller
15% May
-
18
16%
4
for Week
Range
of Prifce#
12%
Erie Railroad
3% May
33%
34%
Jan
4574
Dow
487s May
6474
May
8% Feb
4% %
11% May
487s
dep.
48
3774 May
Consolidated
Mar
117a
19%
40.
250
May
33
Jan
3%
550
130
273-
46
400
Cleveland
Apr
117b
25
>
t\*>49
u117b all78
General
Jan
47
24
i
49% 'Apr
44
ar.48'-%
May
Jan
a40% a40%
Cleveland
Jan
37s
24
-I
r
May
25
$4.50
287b May
Mar
487s
——
Jan
Apr
_'_1
Clark
Jan
117a
8
717#
215
100
Cleveland
Apr
1
77a
-j
Jan
-
1
1
-
Coach, ft
May
25
77b
Feb
29
230
Sale Price
Chesapeake ft Ohio RRi_.
City Ice ft Fuel-—-
Jan
20
--
62%
.
Apex Electric Mfg common-
Jan
3374
7% Mar
30
47 % May
-
Body...
American Tel A Tel (Un)
347a May
127b
417b
650
Feb
v49 V#~ Jan
15
50
Alleghany Corp (Un)
Jan
47%
common
Mach
47%
22%
;
Gtefeland Stock Exchange
American
9% May
41%
*
Unlisted
21%
*
•
Yates-Amer
347a
vl3%;iJnn: >
-167. Feb 1
v
46% Mar" "
67%. .68%
Par
May
l*"? Mar.
31
common
Indust
24
-100
ecu
prior preferred
Cumulative
2,600
14,800
19 7a
72 """
46%
Friday
Feb-
2y;,i
•
Wisconsin Bankshares
J2%
'
80
10
Mfg
S
STOCKS-
May.
30
2
common
ft
10
2f , Aor.
6% Jan
21% Apr
8% ,974
217a-.24
Mar'
13
.70
230
EIecl4^yp(^^£ii;2hiv^-i.•
Printing1 commim--2*22i*-2—t
P
22% Apr
30
—
25
of
common
Elec
250
Feb
Jan
.5
common
United Air Lines Inc
8
30
%
7% Mar
9%
Union Carbide & Carb capital (new)—*
We6tinghouse
4,050
700
80S So La Salle St Cnrp—...
U
1,500
10
.
117a
5.
(The)
22 7a
Jan
i
May
350
11
{The)——.——.—.;.—.,——25
Co
35
'
*
11%
*
Co Ltd ctfs
48
22
6774
Preference 2—
21% May
11% May
10
Thor Corp
Trane
U
Apr
Feb
1
common
capital
Swift International
.
23
16%
5
common
Tool
467#
100
37%, Jan
20% Mgr
26>
Mar
3,500
common..
Mach
32% Mar
50
217a
Corp common
Furniture
Storkline
9 7b
•
-
"
•
•
'prefcri'AdLri'rfr7-_ri-
16% Mar
207B
—2
Corp
22
15% May
350
"
.•
137#
48
Rapid
Jan
217a
•
common
Container
*
367,
21%. 2174
'-33-** 34
19
__1
common
Stockyards capital
Standard Dredging common...
Standard Forgings common
Standard OH of Ind capital
Stone
8%
6474 May
Jan
*
Corp
Stewart-Warner
~2——
29%
May
_*
Nat
Louis
24
10
South Bend Lathe Works
Spiegel Inc
200
24
9,;-
13%
,'48^
—50
*■
Feb
49%
Feb
48% Mar
2tt Va
Apr
May
47«
1
common
Clothes
15%
26
May
50
Strap,- common
Brand
20
29
*97a
25
capital.——
capital
Corp
97a
—10
common
Prod
22
5
Car common
Cummins
•
25
Sangamo Elec Co common
Schwitzer
--20
III
common
Sears Roebuck & Co
40
700
287a
36
—
—
common..
preferred
Packing
47%
4774
6474
15%
-10
Pennsylvania RR capital
Rath
4 %
8'/2 Mar
25Mky
"
Feb
Feb
22
70
4774
*..2
—
Penn Elec Switch class A.
Pressed Steel
70
47a
15
Feb'-
7(F: -May,.';
prqctpr-■&
Jan
ivwV
'"/a
05*2; 7 197#
-v50>*.
16%
•
Last
corn-
Parker Pen Co common
Peabody
26
J
•
f
*
common
Manufacturing
7% Mar
28%
common
Bancoi p
2,800
250
110
'
10% May
107« May
6378
6474
NomUt-Spttrjc# ind Inc
Northwest
13
7%
14
4%
——
—...
Montgomery Ward & Co..
Muskegon Mot Spec class A
V,." V.
yz1 T<
y'\
'
National Pressure Cooker new
9% Mar
25%
——
common.
550
7,900
10%
Feb
8
.
25
Sons, oommon.2.
Lunkenheimer;
297# May
1274
.
137s
—
22% Mar
,
;,.„2't.'.237^i23-
preferred.
preferred 22.2—
Kroger
Apr
Jan
1074
9%
10
21%
Kahn. (E)
5%
Jan
10%
800
2.2222.2-
.
Investment
,
247a25
Hobart Mfg. Cp commbni— ..—.22—10:
7% May
19%
16% Mar
350
297s
1174
10%
10%
prior preferred
Monroe
<•'
12
—5
vtc.
18 %
Feb
Formica^ Insulation
22 ~: 2 ;<
eiV^pri;
Feb
95
Feb
8%
8
,
V
1474 Jan
15% Mar
2,900
2-2'—
May
-107* May
Apr
6
550
10
29
85
350
7%
9%
18%
common
25
18 %'
18
10
7
1
Middle West
$1
6%
commohJ^-ii..^.^—.
Co
Leath &
4-i,*
common..
Drug
Found
8% •)&&.
Feb
Dow
2.10
•
Kellogg Switchboa rd
a578
60
al7 7e al778
115
a377e a39 74
;
24
Feb ,7
<Feb
27a
7b
%
26
Mar
40% iJah*
6M1 vJan
r
Feb
127b
1374 May
29
Feb
4
•
Feb
'
-
353
Jan
474 May
'57s .May
vLB^'May:
: 397| M$y
Stocks—
capital
5
—
250
Feb
Ohip. Oil
Packer
Alleghany Corp
1
American Radiator
Anaconda
Armco
& St San
com
*
Copper Mining..—...
Steel
Corp
Bqtblehem steel common
4
4
47s
1,600
16%'
2.300
12%
Feb
1,900
307s
Feb
1,000
26%
2% Mar
327b
16
38%
4074
31
327B
100
new
—*
Columbia
Gas
System
1
Inc
(The)
Continental Motors—..
Curtiss-Wright
•
......—X
•
—
Farnsworth Television & Radio
Corp
-
.;
337a
33%
247b
24 7a
217a
217a"
60/.
34
; Jan
23 % May
27
Jan
16%
21% May
13% May
,.,32':...,";Jan,::
247b
•2,--
127a:/ 12%"'";
285
Feb
32% May
Reliance
2474
237a
2474
175
18%
105% May
3074
3074
420
22%'Feb '•
447a
46
37
35%
37
19%
187a
197a
800
14
13%
13%
137,
800
10%, Feb
87B
9 74
1,200
6%
Feb
7%
77a
2,200
4%
Jan
974 May
87# Apr
5% Mar
Electric
ft.Eng.—
.5
Republic Steel;
,
6% Feb
.
1,200
30%
9%
—
1
Feb
37
May
Rlchmqn Bros
•
1
5 7a
4%
5 74,.
1,900
3%
4
67B
6%
67a
1,900
4%, Feb.
4074
397B
407a
3,500
—————
.*
;
447a
;...
35
214
19% May
1374 May
Standard Oil of Ohio common.
Thompson
Products
317« Mar
Feb
40% May
57*
Jan
6% May
Inc
U S Steel common (Un)
Van Dqrn Iron Worl^a—
World
_L
Publishing
Sheet
Youngstown
:10
a30% a32 7b
587
common..'—*
4-
•
a587s a587s
35
a797» a807e
—
—•
393
:
_*
11
U72
*.
—
U
12%
—*
ft
Tube
Youngstown Steel Door (Un^—
322
18
•
18
a80
.
a
18
"•
150';
163
725
Feb
7% Feb
41
I;/.*.
Mar
General Electric Co
■:
Sargent -.i.
*
Pennsylvania RR (Un)_—
150
Radio Corp qf Amerlc»;(Un>——i-.—•'
Graham-Paige Motors
Laclede Gas Light
page 46.
—
Patterson
Vlchek Tool
For footnotes see
.
•
47# May
161b May
40% May
i
Products
(Un)
92% Mar
167a
4074
10
Atchison Topeko & Santa Fe
Certain-teed
.
167a Mar
,900
Week'8
Sale Price
■
American Laundry Mach.ili.—.u_l__20
Jan
300
13
'I':V'
7% May
50% Mar-
350
-
20
16%
.17%
25
common—
Products
,
Cincinnati Stock! Exchange
Apr
16 72
Feb
—
Steel
:
May
"
common^^.J...—.
May
1,100
38%
19
IIZ*
Hammond Instrument Co common—.1
Harnischfeger Corp common
—10
Helleman (G) Brew Co capital
1
Indiana
fo
Jan
May
1,500);;
i
•
Hupp Corp
23%
42
Feb
May
16
Mar
774
1,900
8%
12%
127a
•
_
Dk common...
Helm Werner.; Corp
Hibb,Spencer Bartlett
25% May
187a Mar
1574 Mar
x25 74
7
Jan
5% May
11% Mav
Jan
Mar
97b
300
7%
59%
Great Lakes
Feb.'
8%
May
374
13 7» Mar
310
15 7a
7
-10
General Motors Corp common^
Gibson Refrigerator Co common..
Gossard Co- (W H)
247a
4 7b
1,400
39%
•
167a
4,500
'
Gillette
r
257s
14% Mar
•.
5%
«
Corp
Mar
x347a
1,900,
100
16
—
29 7e
25
10
374
97
.15
common-
America
1
com.
17% May
11%
TO
-337?
Fitz Simmons & Connell
Four-Wheel- Drive Auto
ic
57b
18% May
Feb
33%
«
Jan
257# Feb
230
37
3
.
—
74,
9 7s
87a
—5
class A
Eddy Paper Corp (The)
Elgin National Watch
29
28'
.10
_
Doehler-Jarvis /'.Corp—
Domestic Credit Corp
28
28
2874
—*
intsW)
57a
11%
common
Republic Steel Corp common
Socony Vacuum Oil Co Inc
Standard Oil 6f N J__
Jan
2,200
High
147b Mar
2,500
177b
—
*
Inc
Low
1874
177b
-2%
—
(The)
United
Consumers
Range Since January I
High
Co
Corp of America
Radlo-Keith-Orpheum
577a May
77a Apr
?«
Shares
17%
——
Car
Pictures
Co
1874
*
capital
Airways Corp
Oil Co
Low
5
RR
Radio
11574 Mar
63 7«
400"'
67a
67#
28
Pure
Jan
80
-
Motor
Pepsi-Cola
7 7b May
Feb
American
Amer
Par
'
"
Corp
Central
Paramount
10 7b May
32
300
i
Pan
38 7e May
,
5274
1,000
of Prices
'
25
common
57
'
28
•V-, 41'
6178
567a
10
com
75
York
38
51
1127b 11374
»**-»
Co Inc—
Commonwealth Edison
71
*
(new)
Co common
(The)
100
New
1472 May
600
77a
Nash-Kelvinator
Jan
Jan
32
'
\
v
257a
647a Feb
,,
30
38 7b
77a
7
IOV2 May
974 Feb
50
f,
Feb
207a Mar
14,700"
:
10 7B
387b
872
High
'
Club Aluminum Products Co
Coleman
38
—
preferred.
Corp
14%
65
10
coin-
Chicago Towel Co common
Chrysler
127b
38
Chicago & South Air Lines
Cities Service
175
65
__
Chicago Electric Mfg cl A pfd—
Chicago Milw St Paul & Pac vtc_.
Chic
4,400
23 72
for Week
Sale Price
STOCKS—
'
Low
IOV2
Sales
Last
Range Since January 1
High
23
Week's
Friday
Shares
10
.—5
'
Sales
of Prices
Low
;
UU1
Cent & S W
(
>
for Week
Range
Sale Price
Monday, May 24, 1948
Feb "
Feb
P'
24% May
30% May
^eb
7.4^- ;.;vApr-^
,247# Feb
39%
,
:
•
ys
67% Mar
327i"May
587a May
81
..May
j'
7 *' Mar
9%
16
Jan
i27< May
21
Jan
a817a
123
657a Feb
18 7a a 18 7a
30
1474, Mar-
•
•.,
.7
Apr-
;1
827# Majf
fij
19
<7
7a May
•
\!
•
THE
Number 4701
Vt>liim6 167
COMMERCIAL
& FINANCIAL CHRONICLE
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDED MAY 21
WATLING, 1ERCHEN & GO
Members
New York Curb Associata
York Stock Exchangi
Detroit Stock
Chicago Stock Exchange
Exchange
'
*'
DETROIT
Ford Building
Telephone: Randolph 5530
Detroit Stock Exchange!
Friday ¥
Week's*
vLast
STOCKS—
■
/i
-
.
,
"v.:
■
Baldwin Rubber
2
*
Davidson
__
Detroit & Cleveland
Detroit-Michigan
1,117
Feb
33
780
100
12%
Feb
17Va
22
22
9%
1,960
7%
400
5%- 5%
21%" 21%
27/8
3%
12% 1234
1,870
4 ? Mar
7,805
500
875
2nVo Mar
9V4
9
7%
!>:,'■
„
123>'±
21
Mar
23
7Va
JMi&r
J An
6%
Apr
21%
Jan
"3% May
12 % May
2% Mar
10%
Feb
#9% May
6% Mar
0 7ie
May
iy8 May
17% May
1% Apr
.400
__
1
—1
2% Ja#
23% May
10% Apr
.
9% Mar
29
310
l7/8
Feb
17
Navigatidnj^iii5
Stove
19
17%'
Detroit Edls<m
Detroit Gray Iron—
10 %
Sigh
2% Feb1
300
33
1%
—--1
Bros
iiovt
''
675
9%
—
_..10
——1
Paper
Continental Motors
2%
32%
__
1
Burroughs Addihg Machine—
Range Since January 1
(
23 %
23
10%
_;
Brown-McLaren common
Consoliadted
2%:
23 %
—1
.
Manufacturing
Briggs
"ii ^
—
American Metal Products
>
Low High
Par
1
1,:
Allen Electric
Sales
for Week
Shares
*-■
Range
of Prices
Sale Price
Feb
*
Electromaster
________1
common
____5
Eureka-Williams
Federal
Frankenmuth
Oar
.
Brewing
——1
j
Wood
common
L
Industries
General Finance
1
j
General Motors'-——_
\
Lock
1
Mfaf. _iu_'
Kaiser-Frazer
20%
—.—1
Jan
Lakey Foundry & Machine
Screw
Products
McAleer
Mfg Co
McClanahan Oil
8% Jan
,-57/8 May
3% Mar
5% Jan
484
350
7%
465
1,771
4%
140
11%
1,505
17%
4%
-4%
200
250
1%
1%
1%
3,050
1%
8%
1%
5%
8%
2Vs
5% ,!
100
1,465
100
com_i—-1
r——:.l
_1!U,
1
1%
Common——i—1
,
1%
1%
•
10,927
■
Michigan Sugar1 common
Preferred
Mid-West
■!'-2%
—10
_„_
Abrasive
50c
Wheel
Motor
i-_5
Peninsular
Pfeiffer
Rickel
31'-!.".
v
5%
i__—u——*"
i—„
—-2
Brewing
(H Wj
Sheller
Manufacturing
Standard Tube class B common-:
Timken-Detroit Axle
Udylite Corporation
Union
tJnited
tJ
S
common
—:
Shirt
Dist
10%
750
16%
8%
1,175
100
3%
3%
850
3%
3'%
800
1
__
__
5
22%
__
common——_
"
j.
Wayne Screw Products—
:
1
17%
41
__
1
1,835
12
17%
17%
0
class A
Warner Aircraft
1,040
10%
6
12
.12
——1
23
10%
__
4
Radiator
Walker & Company
9%
—1
1
;
Investment
6
42,
4,250
2%
3,200
a61% a61%
29
29
13%
:
—
13%
671Ac82,/oC
80c
87/s
—
10
143 a
a
59 Vr
60%
'
i • 3:
21%
For
footnotes
see
page
46.
•
a46Vs a47 %
2.65
-
.
3.00
20%
a
__
.
10
60%
1167/b all67%
11% 11%
L16%
11%
:
9%
al4al4%
?
•
'
200
200
2%
2
„.
j.
200
100
2
2%
__
-*'■
150
100
1,495
15%
8%
__
—1
:
—
7%
10%
.1
Superior Tool & Die
20
37/s
*
675
15%
_—1. -
Pattern
2,811
3,380
7%
-7%
Pkper common——_—5
Scotten-Dillon
10
Simplicity
6,726
30% 32 /
5%vJ-5%
20
3%
__
Raisin
River
1,460
5%
3%
3%
—__„1
Products
2%
5
5%
1
•
Metal
150
540
16
2%
—>
Davis
Parke
200
175
22%.-22'%
15%
_—i.ii„_2
Chemical_l_
5
28%
15
'
i_i*_i2L-10\
:
National Stamping common
Packard Motor Car—
Park
'
„
Murray Corporation
100
5
28%
__
Motor Products
9
9
—
21%
18%
a 18%
.4%. 4%r
Feb
Jan
9% May
8
Jan
60% May
Mar
4%
common———
52%
,
4
1
—
23Mi
Feb
——_—1
i
Kinsel Drug
Masco
5%
17%
-
__
H«»b
6%
11
11%
Feb
500
1,193
6,131
21%
.
«*«h
90c
l<
350
15
17%
4%
__
;
895
5%'-
'
7%
__
—1!
King-Seeley common
Kingston Products
/
5% '• 57/s
14%
17V4
7%
-.—5
-
/
7%
5
15
1
7%
60%
20%
I
•
Feb
5,790
93/4
7%
6%
5%
*
2,800
320
58%
■
__
_2%
—0
Motors
&
67/8
1
Houdaille-Hershey
Hurd
60%
1
..
83,a May
9%
800
1%
9%
;
—
10
Hoskins Manufacturing
Hudson Motor Car
9%
1
—
Gerity-Michigan Corp
Goebel Brewing common
Graham Paige common
Howel Electric
23
; 3%'May
8% Jan
12
May
4% Jan
1% May
Feb'
100
4
22%
23
2%
650
12
__
1
__—
11,115
8%
11
4-4
1%
1
"
Trailer
3'/a
8%
12
Ale
Friars
3%
.
__
Truck
Motor
Fruehauf
3%
6%
Feb
(2284)
40
THE
COMMERCIAL' &
FINANCIAL CHRONICLE
OTHER STOCK
Monday, May 24,' 1948
»
EXCHANGES
RANGE FOR WEEK ENDED MAY 21
STOCKS—
Friday
Week's
Last
/
'Oil
Ohio
••
;.
Par
,
Pan American
Paramount
Co.
Car
:
Shares
4V8
8%
'
Feb
Feb
9%
11 Va
967
25
25 Ve
420
18% Feb
20%
21
800
16%
'
'
11 Vs May
General
1,518
15 '/n Mar
22
390
41 % Mar
57'
May
49'/a
330
48%
Apr
43 Va May
1,940
25%
Feb
44
il
35%
12%
44
13%
common_l
10%
10%
3%
•
50c
5%
493 7
8
■
350
5%
4
'
Mar
11
Corp
4
"
__
29%
4
28%
3%
Feb
St
Regis Paper Co —1
Schenley Distillers Corp.
Oil
Co
of
Socony-Vacuum
Southern
5
30%
22%
3,170 y
Oil
Railway Company.
Brands
;
__
Standard
Oil
(Ind)
21
48
Standard Oil Co (N J)
——25
Stone & Webster Inc/—v—*
Studebaker Corp 1_„'_4_—
—1
Feb
Swift
1
&
Co.———*—
-
-
,
Tide
Gulf
Co
International
Key common
Aircraft
United
Air
(Del)
Pictures
Co
(F
Steel
Securities
Jan
53% Feb
63% May
4y V2
Feb
69%
Wagner
19%
Feb
19%
Feb
25%
1,030
41%
41%
Apr
41% May
173
156% Jan
297
23 %
Feb
28%
Feb
19
18%
235
3%
3%
1,950
2 Va
Feb
49
13%
&
49%
457
38%
Feb
13%
1,315
10%
Feb
187a
Feb
24% May
530
25%
Feb
30% May
Aieron
10%
10%
10%
250
7 Va
Feb
10% May
Air Reduction
48
Alaska
48
44% Mar
475
;
May
Week's
■»/
American Stores
American
Baldwin
Tel
0
&
Tel
Works
Budd, Co
Electric
&
Storage
General
Brothers
Low
27 Vk
22 Ve Mar
285
157%
1,850
1774
325
27 Va
"•
1477k Mar
12%
Feb
1174
62
2%
27 k
285
1
Jan
27k May
11 %
107k
117a
1,505
7
Mar
117k May
18
6
738
1,535
18%
Feb
.
52%. Feb
1,262
63 Va
Power
Pennroad
&
15% Ma r
" 54%
53%
54%
215
60%
58%
60%
3,350
50% Mar
24 Va
25 Va
886
17% Feb
10
12%
11%
12 Va
*
%
Light
1
49%
56%
Feb
522
9%
Feb?..
77'a"
210
4%
Feb
1
413
Boys
Corp
$1
preference
Philco
Corp
Reading Co
Salt Dome
6%
6%
18%
19%
2,578
18
Jan
19%
20%
21%
5,041
16%
Feb
46%
Mining
United
Corp
United
Gas
47
40%
40
7
Feb
48 Va
8
4% Jan
6,928
21% Feb
237/a
23%
24%
94
21Va
25
39 %
36'A
39%
1,175
21%
21%
23%
271
Feb
28
Feb
'
Locomotive
Petroleum
California
Inc
10
22%
22%
22 Va
Coal
20
37%
37%
37%
Friday 7 :
Last
STOCKS—
/
Par
Alleghany Ludlum Steel———
Arkansas
Nat
Blaw-Knox
Clark
(D L)
Columbia
Gas
Co
*
1%
38%
Mar
&
*
Fort
Pitt
Harbison
Lone
Brewing
Walker
Star
1
Refractories—
Gas—
Screw
Renner
&
Bolt
Steel
States
v
:
,
7%
12
Jan
•
com..—
30
27.
Feb
t-
1
....
.
GVa
Feb
5%
691
4
37%
218
30
Mar
34%
7%
312
9%
100
4%
31% Mar
100
.
Vanadium
Alloys Steel
Westinghouse Air Brake
Westinghouse Electric Corp..
6
125
1
52%
43k
Jan
14>A
5
100
5% Mar
Jari
Tv 'J
•
'■'£■$*
'V
v!
\
A'
STOCKS—
14,000
10c
Mar
18c
Par
American
Bank
Inv
Bldg.
Brown
Shoe
&
common.
Eopt
_
_
15
9%
.
Industries
_
32%
Feb
317/a
370
25% Feb
common—*.
Low
70
16
10 Vk
Feb
/
26%-
footnotes
see
page
46.
May
7
May
16
705
16%
1,172
5%
274
167k
15%
5%
57 a
100
5
230
12% Mar
167k May
16% May
Feb
10%
67k
Jaij
Jan
Feb
16% May
35 Vk May
197k Mar
1,094
30% Mar
37
(Un)__.
18%
0
36%
18%
Mar
280
May
Apr,
Feb
Jan
5
Hill
2Va
(Un)
Pacific
965
212
155
a21% a217/k
a217a
27
a427a a43'/a
a42%
5
Sullivan
&
100
16'/8 Mar
23
May
41 Vk
a„
281
25%
Jan
34
May
11
25
9'/4
Feb
11
Apr
9
9
350
9
Jan
50
50
50
155
47
Apr
51
Jan
(Unt__*
30
20
30
2,700
10
Aor
30
—_0
37
37
38%
2,614
28
Feb
May
3834 May
53
53
53%
149
52
Feb
53 Vk
15
15
115
18%
18%
19
3,236
11
5
common
Packing Corp com
50
___—*—
Dry Ginger Ale
1%
Pacific
25
:_25
a50%
0
66%
a48% a50%
66%
7V2 Mar
60
68 %
33%
May
19 Vk
Jan
45 %
May
May
Apr
43%
1,043
53 Va Mar
34
505
_1
1.20
1.00
1.50
8,117
68c
25
2.50
40
40
407k
1,264
68% May
38% May,
0
Feb
15
Mar
137k
10
3334 May
34
Apr
60 Vk
62
1.567
(Un)
10
57%
57%
375
327k
——3 V3
22%
22%
450
54
May
1.50 May
.(
44%
20% Mar
Co
Jan
34
s
Co—.—
Service
Apr
.
11
A_—
Mills—-—
Trading-
29 Va
a__
34
*
class
May
a603k a60%
15
...
(Un)
17
A_2V2
lUn)— ——^
System Inc
Mar
62
Feb
177k
a30 7k a307k
—
13%
870
s:;
13%
Jan
Jan
57% May
..
23
13 Va Mar
80
2574 Mar
816
10,%
Jan
177k May
2574 Mar
.
22'/4 Mar
137k May
Feb
26
27'%
565
& Southern
9
3%
3%
3%
2,915
Edison—— it-.——25
a28V8
a28Vs
a29
160
26
45
43'%
38Vk Mar
Solvents
*
(U11)
Chemical
(Un)
Ind
class
A—9
5
—
wl—
Co
900
525
19/64
J!S
48%
1
1 ..21/64
(Un)„15
48% "
46%
13%
160
13%
13 V2
1
'
47k
48% May
497a
12%
820-
9 %
8%
62
11 Va
Corp common.,
5
33%
327a
34%
1,625
4,249
preferredX____i.ii--.J-;j.i-=_^-.-* 'f 100%^ /997k
100%
(Un)
*
£ ''
B
(Un)—
Corp
''
Xfr'
J
Oil
Bond
(Un)__
(Un)
Co of
N
Share
&
12
16
384
12
8
2,010
0
30
30
7'/4 V
.
29'/a
Co
(Un)
Feb
>
-
16 Vk May
Mar
167k
Apir
*
8%
Jan
25Vk Mar /
31%
140
347/p
Feb
4%
Feb
«:
6V2 Mar
150
a46
245
2,880
15%
225
97k
Feb
Apr
•417k May
57k Apr
Feb
14% al47k
40
39
40
1.70
16%
,
39 -si Mar
43 Vk
25
1.05
Apr
274
40
9 Va
3.568
5Va Mar
a43'/a a43'%
10
r
1
16 Vk May
34'% Mar
20
-
.
May,
Apr
13% May
:
Mar
30
2,2572,600
1.85
16%
1.7S
.-11% May
87a Apr
v
Mar
23%
a
1. ■'
May
25 Vk Mar
Feb
921
5'/a
5%
5
Co—
128
Feb
22%
227/a
*
Jan
34% May
1017k May
-
Feb
a44 Vk
10
Ltd2_-'
Plantation
,6
10
(Un)
J
47k
2,015
a
16
77a
——.____15
Works—*——
77k
7%
15%
16
0
?
May
13
..
a
5
—
Co—
Bridge
Kodak
Dorado
'
62
*
227k Feb
.
a437k a44'%
A
Corp class A com——5
common.—
103 %
50
15 7k
7%
7%
1
4
,
91%
875 ;
11%
107k
9% May
Feb
267k Mar
Apr
167k Mar
9% May
148
a26% a26%
9
of Amer
Jan
49
711
--
128
123
preferred——l—** -V /. —V'
Fublishihg Co (Un)—
;
May
XI May
,
Feb
77k
217
10'%
62
May
6%.Mtty
130
9%
1
:_-5
45
Feb
5,090
-
May
37k May
a
Jan
28 V
24 Vk
107s
(Un)
27 Vk
Feb
Mar
21. Mar.
19/64 May
1
2nd
'
2V»
821
6'/4
24 Va
24Vs
Inc
(Del)
America
Zellerbach
>
45
5%
24%
6J/4;
!
(Un)„«
(Un)—'__—i
Motors
of
Food
v
7 7-
Foster &
Kleiser
General Electric
General
Food
Radio
,-;y'
10
(Un)
Motors Corp
General
Paint
Apr
13%
Jan
33
Jan
__
Corp
6V4
728
397k
1,733
a39% a40%
5%
110
a 6V4
51
(Un)—1__
General
9
9
common—__——2%
Co
Corp
Jan
19 %
/
1
Corp——
Jan
8'/4
300 J - '23% May/-/
Machinery
&
32
Apr
Feb
Tele
_2
com
9
10
_*
39%
.
a40%
preferred—___**.
2nd preferred
/Gladding: McBean- &; -Co
>
Jan
3/Sj
Jan
21%
Jan
.
•
r-
f
6% May
397k May
-
Feb"
58%
60%
3,411
51
19%
21%
2,290
18 Vk Mar
-
-
*_
??/
39
Mar
21
235
25
325
25
33
400
Jan
607k May
/
I8V4 Mar
-25
32
t—
-
•
Feb
5/
35
603/8
.
Vk May
39% Mar
9
317i Mar
-•
20
Coriv
.
,
21 Vs
Cum
■/
For
9
Feb
4%
26%
(Un)
Dumbarton
167k May
Apr
26
26
622
41'/a
Class
.High
Jan
27
1
6% Mar
3,31'J
175
Di Giorgio Fruit
Range Since January 1
13 Vk
10
-
65
8
6%
23
Co
Farnsworth
150
r-
16%
a24 Va a247'a
4% May
Eureka' Corp
/"'i
480
18
Feb
7
Jan
May
'
High
12%
20
8%
15
1147k May
24
May
11% May
Ewa
Shares
<
Feb
255
Curtiss-Wright
for Week
18
89%
26 V4
$4
Sales
of Prices
12%
11% Mar
271
Feb
'$4.20.
,
Exchange
7%
,
870
Emporium Capwell Co
305/s
r'~* ■>'
15
Feb
Electric
7%
-*■
14%
114% 114%
3
Crown
38% May
31% May
30%
•'
2,549
a35% a36'/a
Dominguez Oh'Fields Cp
Dow Chemical Co comJ
36
3
1C
31%
100
Jan
Apr
16%
32 V4
61
15
13
—
Doernbecher Mfg
33
16%
Apr
31%
-,100
N A.
Apr
100
15
common.
common
Eurkart Mfg common
Century Electric Co common-
Clinton
16%
28%
-1,387
GVa
Jan
386
Low
1
4OV2 May
40 Va
9,205
Creameries
May
35
Range
Sale Price
May
Feb
39 V*
40 Vk
Crucible Steel Co
38%
Week's,
May
55
Apr
Curtis
30%
Friday
7.;'/. Last
May
Mar
31
1,428
40%
a24%
May
67
3,120
Eastman
J
63 V2
155
Feb
50'%
55
54%.
Mqy;
37
261
55
11
16 % May
37
El
-
1,164
67
Feb t..
40'/a
Apr
35
SI. Louis Stock
157'%
7
40
Jan
36%
.
51% Jan..
143% Mar
:—_—1
(Un).
Continental Oil Co
1V4 Mar
11% Mar
7%
—12.50
284
63%
a
67
3
Consolidated Vultee Aircraft——
*
7%
__
12% Mar
"Jan*
4%
Rights,
Apr
10
14'A
37%
860
Mar
May
27
•
11%
39 V* Jan
18c
*
310
16%
2.50
(Un)
Consolidated Natural Gas
Apr
Feb
10c
*
11
157k
(Un).lOO
Consolidated Edison Co of N Y
Mav
Feb
1
vtc
comomn
10%
♦
5
Consolidated Coppermines
Jr
18c
*
24 v4 May
Corp '(Un)___'_
r>
Appliances
.__33V?c
Consolidated
18'/a May
4% Apr
1
Spring
7%
Feb
111
.
.
50
3,513
38 Va
50
47k May
8%
Commercial
237a May
9Vz
25
Commonwealth
May
Feb
.4%
4%
247k
Commonwealth
9% May
18%
36%
__
*.
20
Columbia Broadcast System class
Jan
21%
18'/a
37
1
4
Feb
40
Columbia Gas
Apr
398
4%
38 Va
10
Jan
2u
—
337/a May
77r. Mar
17%
__
Jan
2'/a
...5
Caterpillar Tractor Co
Celanese Corp of America.—
Central Eureka Mining Co—
Chesapeake & Ohio Ry .(Un)_.—
Chrysler, Corp
Apr
95
7
7%
150
50
(Un>—
Railway (Un)
Case (J I) & Co common (Un)
197k May
Feb
25
212
23%
__
1
Glass
10%
572
9%
23%
7
__10
Mining
Standard Steel
30
27
__
5
...
7
United
500
23%
10
Corp.—
Foundry
Co
San Toy
May
4% Jan.
-947
9%
2,410
4
37 k
Continental
Fuel Supply
Fireproofing Corp—
Pittsburgh Erewir.g $3.50 pfd
Pittsburgh Plate Glass—
National
Pittsburgh
11
11 %
300
10
35%
Preferred
33% May.
Mar
13%
47 k
4
11
Canada
High
Feb
13
25%
5
•(_:
Mountain
Pitts
25
50
545
27
10
;*/*
Mackintosh-Hemphill
9%
*
135
7%
11
4
97 k
Colorado Fuel & Iron csmmon—
197/a
30 7
4
27a
Jan
4Ve
Canadian
Range Since January 1
Low
13%
13%
5
.
174
26% May
4 V4 May
-
High
33%
3'% May
4 V4
Clorox Chemical Co__—
7%
__
__
Electric——.;
-
1,055
High
% Jan
23% Mar
1
Cities
18%
_*
Co..,
Gas
Shares
300
220
2
Feb
3% May
22% May
24 '
Feb
Feb
for Week
33Va
__
*
Duquesne Brewing
Sales
Range
Low
common
Co
Week's
of Prices
-
Sale Price
Low
1%
10
Aviation
California
Pittsburgh Stock Exchange
;
1%
274 277'%
Home
Bunker
Feb
32
108
Range Since January 1
High
a437k a437k
Co
Ink
217/8 May
66
Westmoreland
Feb
20%
1,701
Westmoreland
Jan
2
2,192
Feb
5
Oil
California
65
Apr
1
399
3%
55%
Sales
Shares
—*
—
Borg-Warner Corp
50% May
1V4
17% May
fer Week
a27Vk a277k
14
(Un)—
Cotton
8% Mar
22%
(tfnv—
Coi^i
California
39% Mar
60 %
••
1
Imperial Diesel Engine.
Mfg Corp (Un)*'
Tile
136
3%
Low
37 k
Co
710
lV.
Jan
Exchange
-Week'# ■?'
' Range
of Prices
Co—
Topeka & Santa Fe
Art
50%
22
Friday'-; '
63 Va
California
11%
22%
Feb
al55Vs
Byron j'ackson
49%
1
13 Va
Jan
Jan
19
Feb
48
63%
Borden
Mar
10%
1
_
common
13
723
al57 Va
Calif
Improvement.
530
*
(Un)__
Corp
39% May
Jan
167s
100
17%
53
50c
Holdings Corp (Un)
Boeing Airplane Co (Un)
23% May
11% Jan
64%
17
51%
100
Bethlehem Steel
24 Va May
64%-
32
100
May
15% Mar
Bishop Oil Co_.__1——1
Jan
4%
24 Va
9
93
Blair
Apr
5%
4%
50%
VB May
42
17%May'..
29% Mar
10
30
(Un)__#
Viscose
Bendix
Apr
22%
*
75
17
(Un)
Barnsdall
May
23'%
1
participatingr—
Tonopah
5 % Mar
6,427
3
Corp
Paper common
Tacor.y-Palmvra Eridge—
;
1
Inc
Bank of
21% May
■
30
95 Va
17%
Foreign Power (Un).A_.»
Banchni
May
19 Va
50
common
common
Oil
A
1
*
common
Scott
Class
% Apr
21%
10
Jan
Feb.
7
.
May
53
Sale Price
Baltimore & Ohio RR (Un)—
7% May
*
common
16
17
15
(.Un)
Airlines'
Baldwin
12%/ Apr
*
1
Philadelphia Electric Co
32%
95%
5
common.
(Un)
&
Avco
Jan
50
7
165.
401 '
Apr
Feb
30
1
Atlas
25% May
7%
41%
42 Vs
16" V17 '
*
common—
Atlas
60% May
247k
50
Corp
41%
16%
5
38% May
5
Pennsylvania Power & Light....—.
Pennsylvania RR I
;
Pennsylvania Salt Mfg common
2,400
6%
..i."
Gold Mining
Bendix
National
6:V»
50
________
Co
Juneau
Atchison
Jan
9
Lehigh Coal & Navigation
Lehigh Valley RR
5%
A
Copper Mining (Un)
Anglo California National Bank
Armour & Co (111.) (<CTn)______
17% May
11% May
10
Corp.—:
!
class
Anaconda
1577k May
11%
18 Va
Mar
17%
American Woolen Co (Un)
Apr
60'/a
13 Va
May
19
11 % Mar
Par
Mfg Corp
American
High
11 y2
0
Light
Range Since January 1
High
61 Va
1
^
Battery
Motors
Gimbel
155
16 Va
_•
Delaware Power
26%
157%
2%
Co
Publishing Co
26%
13
Chrysler Corp
Cooper Brewing
Curtis
•
,
——100
Locomotive
Shares
Low
19
32
;
16% Mar
American Smelling & Refining
American Tel & Tel Co (Un)
for Week
of Prices
Sale Price
Par
Mar
60
American Rad & Stand Sanit'y
Sales
Range
;
13% Mar
35
American Factors, Ltd <Un
American Power & Light (Un)—_
Philadelphia Stock Exchange
Last
6V2 May
Apr
-i
28
125
18%
r
.
Alleghany
Friday
4% Mar
520
'
16%
13 V2 May
395
a32
-
Feb
16% May
Apr
157A
STOCKS—
American
STOCKS—•
19
Last
American
'
14%
1,200
32
19
'-
24%
•.
6'/a
32
San Francisco Stock
13%
47%'
Jan?
Jan
10
18 %
common
Apr
24%
10
'"6V4
Mar
25
common
Fuller
Electric
a30%
1
.tt/yr'S- '
6'A
100
a31%
__
282
32
common
3% May
49'A May
"
16%
1*
Apr
18%
12Va
8
8%
41% May
174
M:
Pep
Service
Apr
16
_
785
45%
Apr
1,078
5
97 k
.
31% May
24%
10
Mar;
—10
(Un)
common
Investment
Stix-Baer
200
al86al89%
Inc__
7% May
20
Preferred
503
237/a
3%
39% Mar
115
._<■
common
Public
2,465
31%
97 b
4
common....
American
St Louis
28% May
a28 % a30%
1
W)__
Steel
Sears Roebuck & Co_—
a30
Willys-Overland Motors Inc
Woolworth
Gas
Scullin
36%
854
9%
^___5
Laclede
May
al86
...
Western Union Telegraph Co
Westinghouse Electric Corp
common
15% May ,'
Feb
27'a May.
30
Feb
8
Jan '
Jan>
24
Apr
2% May
26%
15%
1
Sterling Aluminum
63%
28%
__
17
May I
6'' -'
.
80% May,
30% Mar
42 7e
■
common
Laclede
-
a60% a62%
10
Company__.__.__
Bros
95
Feb-
May
38
Jan
5
Lines, Inc
U S Rubber
1,991
,
53
'v
Apr
100
Corp....
Corporation
48
28%
com.1*
new
Pacific Railroad Co
United
Mar
38
11% Mar
63%
*
common..
North
4/
27%
Jan
Mar
'
Shoe
May
Feb
31%
40
20
85
43%
2374 May:
40 Vs May
60 % May
1
Mar
25% Mar
75
417'a
Feb
.;
I
May/
33
^
50
2%
27%
Laciede-Christy
11% May
Feb
21
2%
27%
Knapp-Monarch
:'•••
25 Va
71%
31
20
.1
•
May
812
48
,
4
11
50
"Preferred
v
21
679
•'
a62%
•
Union Carbide & Carbon Co
Warner
280
Feb
340
__
•
10
Co„*_
Twentieth-Century-Fox
United
230
38
15 ""
80%
26
*'
25
Sulphur
Water Associated Oil
Union
53
Midwest Piping & Sup common.—
Missouri Portland Cement
a34% a34%
__
*
v
...
Texas
28%
38
May
"35%
51
53
May
185
31% Mar
28%
32%
120 "
563
657
53
55
?"
15
40 Va
s;
High
115
May
6OV2
38
Feb
'y-4,998" '
114
170
l
Apr
15%
27%
25
v" i'-t;'
t'v/7
Texas Company
,"v.
"11% May
237'a
5
common——
'54%
79%
__
587'a
•26,
15'A
__
...
397/
300'"
a48
47 •;
40 Va
60%
(Un)
280
■
a27 Va a27%
25
_i_
21
'
a46%
*
...
197/a
v
h
;»r 275
32%
a53% a55%
,
a46%
•
Inc
32%
-
*
Co.——15
Standard
Co
all% al2%
1.75
_
Del—
»
(Un).10
Hyde Park Brewing common..
Hydraulic Pressed Brick common
5'A May
30 "A May
r--,,".
Seaboard
23
is
—6
3% May
-1% Feb;
1,710
"
Steel
23
common
common
Low
U
115
common—.
Huttig S & D
May
13% May.
Feb
1
Range Since January 1
High
114
-
11
3
'
8
2,564
Shoe
-
'
"
Corp
Shares
Griesedieck-Western Brew
Jan
57
—
Pictures
Republic
May
19%
13%
Eleclric
General Motors
21
18
'
Corp
General
25 % May
.
57
•
for Week
Low
-!s>v
Par
__100
,-ti
Feb
S,
Sale Price
Emerson- Elec oreferted
Falstaff Brewing common
5%.May
49 y8
-
•
Warrants
Republic
3,925
*
America
Radio-Keith-Orpheum
39Va May
25
__
Company
of
5%
STOCKS—
High
26% Feb
491
3
-
__7
-
33 V3
Dodge Corporation
Pullman,
Incorporated
Corp
'
*
50
Phelps
Oil
51/4
t
Low
39'A
Sales
Range
Last
Range Since January 1
High
Low
1
Co
Pepsi-Cola Co
Radio
-
_*_»_2.50:'
Inc
Railroad
♦-
24-:—.
Airways Corp
Pictures
Pennsylvania
Pure
/.?'
--v
Week's
of Prices
Friday"
for Week
Company-jL—39y«
Packard Motor
Sales"
Range
of Prices
:
Sale Price
May
..-24,/Feb--
23
Jan
-21:-.
Mays
■V 28
Jan
/ 33
May
Volume
&
COMMERCIAL
THE
Number 4701
167
FINANCIAL CHRONICLE
OTHER STOCK
EXCHANGES
RANGEvFOR WEEK ENDED MAY 21 1
Friday
Range
Sale Price
STOCKS
of Prices
Low
ar
Golden State Co Ltd com
4'/o, preferred
Goodrich i B F)
18%
-
•0
-—^—-
Co
(Un),,
(Un)
Graham-Paige Motors (Un)
Gt Nor Ry non-cum pfd
(Un)___.
Greyhound Corp
Goodyear
Tire
&
Rubber
-
Hale
Bros
19%
66 %
66
30
68
53
a62%a63%>r"
*
1
.*
5'/8
187
3%
49%
50
13%
■
■
.
2,435
Feb
Jan
,55
Apr
r
50
May
13% May
Holly
Pure
Development
Oil
Honokaa Sugar Co
Hudson
Hunt
Oil
Idaho
Motor
_.
Co—
Car
Nickel
Mining
Co
Ravonier
2.25
(Un).
31%
31%
Reynolds
14%
15"%
Rheem
72c
82c
Corp
41
41%
Riverside Cement
10%
11%
Roos
tUn)
Corp
.
(Un)
Corp
Oil
Fine
Water
Shell
20
Signal
Cons
Mother
Oil
(Un)
Sinclair
Oil
National Auto
conv
4.88%
10c
45c
a
64%
Pacific
RR
6%
6%
10%
American
American
Co
American
Investment
Aviation
American
(Un—_
Co
of
N
17%
United
all%
a
Tide
12'A
Ail
Corp
$5
1st
Corp
Steel
Victor
„
Electric
of
15 % Jan
May
30% Mar
43
May
Feb
166
May
122
152
a7%
28%
21
34
6% Apr
28% May
4% Feb
15
,
Feb
"
•
21,
May
34
14% Feb
28
May
-
Feb
25 Vs
Mar
Jan
29% Jan
25.
Jan
28% Jan
27% Apr
26% May
32'A Mar
22%
34
Jan
59%
44
Feb
57% May
29%
13%
45
30
13%
45
27%
22
Feb
30
69%
13% May
Feb
9%
May
45
May
24
Feb
27% May
71
54%
Jan
71
a79%a81%
69%
Feb
80% May
28% May
70%
a80%
27%
26%
18
16%
Feb
Jan
May
Mar
15
Mar
21
32
a33% a33%
__
110
•
28%
18
63'A
Mar
36'A
Jan
63'A
31%
31%
28%
13
17%
12%
13%
17
20%
al24%al24%
41%
41
41%
25
32
30 %
32'A
12%
—5
Inc-
18%
17%
29%
18%
29%
17%
18%
3%
79'A
3'/8
9%
80'A
3'A
11
10
1
(Un)
Del
Corp
_i
3'A
1
Co
80'A
5
(Un)
Co
Sugar
f
«■
common
Warner
com
Agricultural
11
3%
Service
Public
Tel
Pacific
Western
&
Coast Life
West
Indies
Western Dept Stores
Western Pacific RR
Union
Western
Oil
Co
Motor
(Un)
American Airways
(Un).
CANADIAN
LISTED
61c
7'A
7
7%
al4% al4%
a25%
a24'Aa25%
*
100
common
*
12'A
1
(Un)
Telegraph
10
8%
10'A
21%
__
21%
22
a34% a34%
__
a25%
10'A
a48
a711/8a71%
a25 a25%
30% 32'A
10 10%
a47% a48%
9'A
1
Yellow Cab Co com
Paralfinc Companies com
55c
61c
1
5
50c
Westinghouse Elec Corp (Un)
Willys-Overland Motors (Un)
Woolworth
|Fffj (Un)
Corp
com
282
1
(Un)
Preferred
com
13%
275
1
(Un—
Sugar
Western Air Lines Inc
(Un)
com
29
13
__
1
(Un)—.
Insurance
West
28%
13%
100
Fargo Bank & U T
Westates Petroleum com (Un)_—
preferred
Tel
20
.
(Un)
Pictures
Bros
5
Co
Wells
____
Preferred
Pacific
Pan
Feb
58%
•
(Un)
Corp
Equipment
Waialua
(Un)
Port Cement com
Packard
12
Feb
27%
*
Lines
Utah-Idaho
_
Lighting Corp common
preferred ——.
Pacific
S
(Un)
Calif com
Aircraft
United
B—
Pacific
Pacific
32%
Jan
35
May.
41% May
—
5
Air
!
United
pfd
1st
Jan
9c
43
10
com
West
Carbon
&
Co of
Sugar
United
,r.——
!
2
Oil
&
common
Oil
Union
—
6—1st pfd
5% r/o 1st pfd5%
20%
13c
May
Aggregates
Pacific Finance
Gas &
17% Mar
27% Feb
24% May
25
Corp
Carbide
Union
Pacific Amer Fisheries
Coast
18% May
59%
1
10
(Un)
Transcontinental
U
Pacific Can Co
34
15% Mar
a27% a27%
32% 32%
32%
25
Ass'd
Water
Transamerica
com—
(Un)
class
27% Mar'
a29a30%
23%
24
a26%
a27
a27s/a
25
(Un)
J
(Un)
Company
New
Filters
28
*
—
Corp
& Co
Texas
—
(Un)
Co
150
a7%
24
19%
32%
_•
(Un)
Corp
Mold
Swift
Cons
Occidental Petroleum
41
—
Oil
—
Railway
4,1%
J 12
__
25
•
Calif
(Un)
common
Oil
pfd A
(Un)!—^
of
Union
Pacific
12
41 %
12
24
a27
—
Inc
Oil Co
6%
preferred
oVa'/e preferred
Feb
Jan
May
May
20% May
11%
17%
(Un)
North
15%
43
1
2
Brands
Super
Corp.—
North
24
29
20
11c
35
a30
Co
Standard
(Unj
North
Feb
Jan
20
10c
35
25
25
25
'
Standard
Company
Central
40%
Apr
20%
11c
(Un—•
com
Corp
Studebaker
Service
Linen
.30% May
15%
18%
33%
preferred
preferred
Spiegel Inc—
Spring Valley Co
17
(Un)__
Prod
.31% May
29
18
203A
preferred
Sperry
Fibres.—
Distillers
36 %
;
24
34
5
-
Calif Edison Co
cum
Southern
City Lines
National
34% May
Feb
Feb
37%
(U11)
Lode
National
23%
22%
20%
*
5
•
15
-
(Un)
Pulp Co
Southern Calif Gas Co 6%
Corp
Feb
31'A
__
*
15
-
Standard
Nash-Kelvinator
54
Jan
31% May
Feb
31%
30%
_*
(U11)
Corp
Soundview
(Un)
_10
Pac
13% May
11% May
22%
34%
20%
5
P 10
(Un— 50
_
Cement
Socony-Vacuum Oil
4.48%
—*
Pacific
Feb
34% May.
36%
a39'A a39%
a39'A
10
Coalition
30%
4.32%
;
Oliver
42% May
Feb
28%
—
Co "A"
(Un)
Gas
&
37%
(Un)_—,
Oil
Feb
23%
-
14%
Mfg Co—-M
10
(Un>
29%
(Un)
Bobbins Inc
&
Co
14'A
Machine
Co
Ohio
49','2 May
30%
Inc
Foods
Oil
Union
Silver King
a37% a38'A
com__
& Co
North
2% May
54% May
May
7%
(Un)
Co A
Portland
Cruz
Shasta
10
22%
19%
& Co
M &
Northern
2% May
Feb
Jan
8
Sears, Roebuck & Co_
23%
9%
Morrison-Knudsen
Y
Apr
21% May
24 %
34
23%
Montgomery Ward
N
26%
Corp
Santa
Navigation Co (Un)
Co iUn)_,
Natomas
42%
32%
W
Southern
Nat'l
39 %
Bros
and
McBryde Sugar
Mindanao
48
30'A
Safeway Stores Inc—
San
Mauricio
Mining
22'A
Bancorporation
&
49%
_____—
"B"'
Tobacco
23%
Inc
Calculating
J
,49%
3
;
36%
Manufacturing Co
Richfield
27'A
Co..
M
2%
54%
__
(Un)_,
26
"A"
Marchant
Menasco
Co
S
(Un)
(R H)
Petroleum
Republic Steel Corp
33%
Gi
IR
Republic
49'A
Aircraft Corp
McKesson
69% May
2%
50%
a30% a32 %
21
Bk
Magnavox
Matson
Feb
2%
__
47%
Libby McNeill & Libby
Marine
55 %
a70%a74%
—
Jan
Feb
ia56 a58%
-J-
LfTeurneau
Macy
18% Mayv
34%
33%
Leslie Salt Co—
Inc
57% May
Feb
com
2.05
.
Utd
"B"'
Loew's
Feb
10
34%
Incorp
(Un)—-
Tel
&
Copper
Lockheed
41
18%
Preferred
County Land Co
Class
57%
25% May
Feb
..
(Un)
Canada
Tel
Johns-Manville
Langendorf
56
18%
2V8
54'%
(U11)
(Un)
33 %
Co
Kaiser-Frazer
Kern
22
Preferred
6.(
—
Co
International
Kennccott
...
Inc.—
(Un)
Power
Inter'l
IXL
15% Mar
-i
Corp of America (Un)
Radio Keith Orpheum (Un)
Railway Equip & Realty Co Ltd-
(Un)
Mary Mines Corp
Idaho
17
19%
Radio
Corp—
Foods
Hupp Corp
Co
21%
17%
18%
(Un
Co
Honolulu
Oil
20%
—
.
Puget Sound Pulp & Timber
Pullman Inc (Un)
Pineapple Co Ltd
Holly
Mines of B C
Pioneer Gold
High
a3%
18%
Dodge Corp
(Un)
Philippine Long Dist Tel Co
Phillips Petroleum Co
Phelps
Jan
;•
25%
21
;
(Un)
Co
Low
25
(Un —
(Un)
Pennsylvania RR Co
Cola
Range Since January 1
»s
High
a3%
(Un)
Utah Cons Mines
Pepsi
Shi
19%
Pictures
Paramount
Park
5%
/
Feb
10%
Apr
46% May
Mar
40
100
12%
—
12%
Feb
Apr
.
39% Mar
617
5%
__
.3
46% '
42%
46%
Low
19%
72%
Feb
15%
6,227
35
Sales
for Week
of Prices
High
Low
Inc
Stores
Hawaiian
6b %
.•
Range Sihce January 1
Shares "
High
13
■
Last
Sale Price
STOCKS
Week's
Range
Friday
Sales
for Week
Week's
IV Last
9%
MARKETS
RANGE FOR WEEK ENDED MAY 21
Friday
Montreal Stock
Canadian Funds
r
Friday
<
Last.
STOCKS
Sale Price
&
Power
$1.50
preferred
of Prices
21
-20
Agnew-Surpass Shoe
--'•
———
Co
of
Can
pfd—
4%
common
4%
' -'preferred
i. Warrants
.'_
i Asbestos Corp —
—__
8%
300
7% Mar
9
Jan
54
56%
1,660
59%
4,935
43
25
-50
47
' 47
7%
7
100
21%
163%
80
18
•
17% Mar
| 160
1,100
.
'
24
25
3,760
26%
-25
26%
27
11. T'Jan
1,495 *
;
^*•
Ind
Canadian
Canadian
,,,May
—•
British
4
British Columbia Porest Products,
Corp Class A.
—•
'
—•
Col
Power
'
,f-
Class B
'
British Rubber of Can 5Vo
Bruck
Silk
Building
Bulolo
$1.30
Canada
Mills
...
pr^^frred
For
'
•
27
3'/a
100
100
15
100
Feb
2,300
21
''Feb
34%
33'A
34'A
15%
15%
22
4,160
see
page
22
28'A
21
<>.
28% —29
— ' — 27
-10,
-
18
46.
mm
1,1-80
1,215
It'. 27
18
•
— 150
•
,25
Feb
" 2% Mar
— 100
100
footnotes
24%
680 "
3,432
-
—♦
—
A"'
2% Mar
2%
31%
class A
Canada Iron Foundries common..
.
2G%
3
29%
—•
common
Forgings
26'A
:
56.020
31
—5
Dredging
Cement
100
4%
4
—*
Products
Gold
Canada
pfd—
4%
•"
28%
4% May
27
"
Feb
Plow
—
Cork
&
Distillers Seagrams
Feb
Dominion
Bridge
33
May
Dominion
Coal 6%
34% May
Dominion
Dairies
preferred-;
common
Foundries &
14% Mar" :
22
Mav
Dominion
Glass
Jan.
—
Co
Dominion
Jan
23"
t:18
May
.
14%
17'A
17%
2,575
575
1,315
1,055
525
15
Mar-
58
Feb
7%
preferred
May
Dominion Steel
May
Dominion
—
StfiM-^
common
—
—
& Coal class B—
Stores
Ltd
__—
Jan
82
35% Mar
39
81
—.
99
81
82
39
39
21
22
17% Mar
Feb
9%
Mar
21,
17% May
May
12
141
v
'
Jan
Jan
.
Jan
May
26% Mar
May
22% Jan
Apr
25
115%
14»A May
J
Mar
44
13
40% Jan
23% Jan
44% May
35% Mar
13
22
38
—1
Seal
"100
J— 27
13%
17%
21%
Mining & Smelting-
Glass
Jan
27
34
15%
18
.25
15
i_
Pacific Railway—
Cockshutt
Crown
Companies—-.
15% May
-
195
A—
Apr
3% May
.
416
10,201
44%
v--*-
Oil
Consumers
u
22%
43
Xocdmatiye—
Canadian
Consolidated
27
25
40%
22
.'}
class
Mar
101% Jan
--14% May
40
__
pfd—f.
Class. B
,
Canadian
Jan
*
Alcohol
Mar
11
11
Mar
40
Canadtkn Foreign ^nvastmeri——
..Ta
9
98
25
1,796
1—._—-J——
,
High
Low
711
99
14%
«
preferred
11
13%
Cotton§—inhion.
17
: Feb
' 22% May
16% Mar, — 19
Jan
20% Feb.' ".
25
May
■
——
10%
Range Since January 1
High
14
__
class A pfd_
Class. B
>6%
_•
.25
—
——
Canadian Fairbaiilcs;6%
168% Jan
Apr'—
common—_—
series
24
19,038
"100-
24%
common.,
;
Jan'
'22
Mar
7.75
series
Canadiah
'• 29% May
a:
Celanese
$1.00
Jan
24% Mar.
Foundry common.
Canadian Converters
Jan
60c
1,315
22%
17%
—
Mar
Mar
1,725c
22
9%
21
70
—
_•
.20
81.75
•
30c
3,245;
166
9
21%
-
Canadian
.
14
28%
22
—
Feb
common
__
Sales
for Week
Shares
13%
—
Class A
May
49
Feb
5% Mar —
7% Jan
12
76
28%
47
8,272
Bronze
Canadian Car &
56% Api
59% May
25 % Apr
Feb
24
66
7%.
50c
164
—"
2,880
47
•
76
28%
—•
Oil
25%
50c
.
—0
y, British American Bank Note Co..
preferred
.
33'A Mar
58
—*
conv
Jan
25
Light & Power..-.
3%%.
19
Canadian
; Apr
Feb
50
—
Range
of Prices
22%
00
_•
common.;
—
May
39"
16%
100
—
British! Americart
21
36%-Mar
59%
-♦
rsifitfthurst? Pow &♦ Pap class A_;
Trac
17% Mar
25
360
54%
-25
—
j;.jBraldrne-iMlnes; tW——4.
Brazilian
5,591
38
8%
s
Bell'Telephone
21
pfd—.
Canadian Breweries
18%
—01
Anglo Can' Tel Co- 4 % %. pfd-—..
i.
Hign
19% Mav
—*
;—rgas. Corp Ltd
|
Low
12% Mar
17,341
Canada
18
8%
Ltd 4%'A
Safeway
_*
Corp
Power
Steamship
5% preferred
—*
VI Algoma: Steel
——z_—
—Aluminium Ltd —
Aluminum
Range Since January 1
38
—
Northern
Canada
Shares
19%
20%
—
—*
Canada
•
High
18%
18%
-20
-
$2.50 preferred
Acadia-Atlantic Sugar class A
Sales
for Week
Week's
Low
°ar
Week's
Low
—*
Paper com
Last
Sale Price
STOCKS
i
Range
Par
Abitibi
Exchange
1
15% Jan
Jan
46% May
12
29
May
143% Feb
36.-
May
CANADIAN
■
Friday
Last
STOCKS—
Week's
Par
Dominion
Tar
&
Red preferred
Dominion Textile
7% preferred
27
1,820
Va
27%
265
23
Mar
21%
22
1,225
20
137/8
Feb
12%
137/8
21
•
Enamel
&
I
Heating Prod
8,410
11
10
165
Mar
70
*27
*29
192
19%
19%
17% -18%
I*
Corn,—
360
Foundation Co of Can
15
18
18%
5%
common
preferred
5%%
;
—
19
General Bakeries Ltd
General Steel
Wares
common
•
preferred
6%
Interhational
Petrdieum
International
Public
Labatt Limited
Lake
of
the
Lang & Sons Ltd
Laura
*
'
7
f
12
23
10,476
8,987
13%
15%
495
14% Mar
16
_
325
34
Feb
40
25
38
Feb
40
18%
2,415
14
Mar
33%
35
167
30
\Apr
22
Feb
520
3,445
18
Mar
26
159
23
52
May
25%
28'
•
,«
■
36
Tuckett
Twin
•
102%
•
12
50
6%
44
651
14%
101
Mar
Jan
10% Mar
14 %
101
Mar
102% May
16% Jan
128
445
7,731
46%
20% Mar
46%
47
865
44% Mar
22% May
47% Jan
26
85
22
Mar
27
Apr
Jan
*
26
149 %
35% Mar'
Mar
46
132
150
175
144
Feb
Jan
•
150
15%
15%
16
1,755
12
Mar
15%
16
23
22
23
27
21
21
205
18
•800
Feb
17%
Feb
preferred
540
8%
6,040
.'. 79
80
413
67
Jan
82
__100
18
7%
80
H25
17%
7%
common
—
80%
82
10
72
Mar
161
31%
.100
161
7%
8%
470
29%
31%
3,209
27
Feb
5% Mar
3,475
80
16%
20
8
; 26
Worts
common
161
79%
8%
&
11% Mar
21
450
11
160
Mar
May
16
May
23
Apr
21
May
18% Apr
8% May
80
Apr
82
May
165
Jan
5% Mar
8
May
5
8% May
Mar
69% Mar
82
24
31% May
Mar
22% Mar
Apr
27
May
99
common—
26
25
99
Mar
100
Jan
20
170
19
Mar
21
Jatt
2574
44%
.25
26%
1,571
20%
Feb
41
267% May
45
700
34%
Apr
45
29
common
-———
99
20
29
120
27%
Apr
May
29
May
Banks—
_10
Toronto
20%
22%
22%
22%
-10
i-
20%
-10
;
Nova Scotia
Royal
Jan
16
15%
—
Ltd
Canadienne
Commerce
Montreal
May
22%
100
common
preferred
Limited
Fraser- Companies >
25%
25%
25%
35
35
-10
a
-10
*
25%
225
20% Mar
21%
Jan
760
21%
Apr
23
Jan
25
Feb
28
Jan
35
Mar
37%
Feb
1,030
145
•
24%
25%
1,975
23% Mar
25%
Jan
34%
-10
35
20
34% May
38
Feb
'•
p<ir
Acme Glove Works Ltd-
Anglo-Nfld
5
Atlas Steel Limited
•
Auto
Fabrics Products class A
pfd—*
Bathurst Power & Paper Co Ltd B
•
Belgium Glove & Hosiery common
*
■■? 5%1 preferred
i—
—.20
Brand & Mlllen Ltd class
For
footnotes
see
page
10%
18
18
'-13
11%
13%
6%
6%
6%
fi'
16
8%
16
50c
50c
•A--V
/■/
10
—
—
—
46.
"X
*
Range Since January 1
High
10%
—
Development Co
LaSalle
Low
.
High
.25
9
Jan
10% May
75
.
15
Apr
20
Corp
100
-
625
150
,50
200
10
'
>•
9"%
4
7%
16
40c
May
20%
Feb
Mar
Apr
Mar
Jan
Apr
Mar
13% May
10% Apr
700
Jan
•
9
Scotia
Lt
L__
.7%
Mar
&
Pr
i
Russell
Industries
Sta-ndard
Stowell
Paving
Screw
&
Co
2,220
18%
;;i5
1.00
200
;
f
J
6% Mar18%
,
80d
Apr
45 Va
46
4100
100
*130
36% Mar
100
10
1
'
2%,
May
Base
Gold
Mfetals
26%
4,365
21
Jan
59%
•
61
26 % Mayy-
5,975
42%
Feb
61'
m
112
20
19%
20%
4,290
•16
\: 7" 35
'41
:
*44
44 :-
Mar
ioi*6 Feb:
Feb
•
Jan
14%'
•
14%
10
13
13%
150
13
May
10
15
15
15
3%
4
475
8
8%
13%
416
2%
Apr
10
200
15
157/8
1,585
12%
42%
44
1,176
36
13%
14%
1,190
19 %
19%
19
30
29%
30
430
5%
5%
5%
150
13
13%
410
Feb
13 Va
27
27%
4,100
20
Feb
277/8 May
24
24
210
22
Feb
24
29
May
•
27%
Jan
16 '/a May
Mar
44
107/s Mar
19%
14%. May
Apr
25
19%
Mar
May
5% May
29
10
73%
295
65%
Feb
757/8
19%
19%
72
19%
Apr
20
110% 110%
12%
13%
1.015
8
8%
630
19 %
19 %
50
—
29% May
109 % Mar
10%
Apr
Apr
110%
Apr
Apr
13%
57/8 Mar
19
Jan
May
73
2
Jan
30
4% Mar
12%
/
May / j
29
73
13
10%
May
20
Feb
Jan
May
111
Feb
.—50
55
55
55%
131
52
Mar
56
May
1&
20
350
14% Mar
25
Jan
10%
10%
30
10%
Jau
5%
5%
650
4%
Feb
10% May
6% Apr
100
*
10%
*
Ltd
pfd;
19
-
*
Ltd
17%
108
108
110
40c
100
40c
42c
*
19
28
1,250
May
13%
56
104
19,704"
32
Jan
17 % May
Feb
19
Feb
115
37c
Feb
5-
Feb
i
May
4
.
Jan
42c
May
8
8
:i
19% May
22
Jan
,•'
25
14% Mar
18
Apr
23%
25
23% May
32
Feb
29
29
*
100
20
29
Mar
22
22
40
17
Mar
21%
20
21%
265
v17
Apr
31
32
250
*
10%
10%
10%
20
1
4%C
4 %c
4%C
1,000
3c
3%c
1.500
11 %c 11 %b
3j000
—
—
*
*
Ltd
*
•
il
I
/
50
17
23%
23%
*
May
19%
17
*
8
19%
A
29
27% Mar
9
Mar.
3c
Mar
22
May
2i% May
32 v
Mar
v
May
11% May
•
.//•/•
—
*
1
3c
1
Ltd—
—
Ltd—
Ltd.
Ltd-—
1
Ltd
22%
•
—___
Explorations:'Ltd-!——4.——1
Ltd
•
Dorialda Mines Ltd/.;———1
Dulama Gold Mines Ltd—
East Sullivan Mines Ltd
Elder Mines- Ltd—
El don a Gold Mines Ltd
*
1
1
Mar
9%c Mar
30C
78,700
3%C
500
37c
5,500
4c
1,000
4c
Jan
31C
4,700
30c
Mar
6c
30c :
Jan
2%c May
30c. May'
24c
(
,' 22c,
30c
•
Feb
jlan
,
Jajn '
Apr
j
-_
•••
55c
Feb
56c
1,000
Mar
/6c
7%c Mar
16c
Feb
9%d
4,000
/9C, Apt
17c
18c
11,640
5c
6c
22,500
15d
1,500
!
'
72c
72c
21%
79C
72C
20%
85c
26 %c
2.86;
.
500
21%
.
295
85c
10,500
,25c 27 V4C
20,500
10c 'Mar
5c
,
ll%c May
22c
Jan
Mar
,9c
22c
.
/
,
•
.
t
Feb
Mar
68c
May
19% May
Jan
i4C
Mar
72c
May
23% Mar
1.09 Feb
17 %c Mar
27%cMatf
53c
2.50
2.90
127,300
50c
1.37
'
Mar
4,500
.•(
Feb
6c
9c
15c
•!
A"
..
Mar
6c
9c
5c
1
5%c .Feb
9c
__
;
May
6c
9c
1
1
12c
16,000
30c
30c
1
CoumoC Mining Co Ltd —.—J
—i
Dickenson Red Lake
—1
Jan
31,100
4c
1
Cdrtez
7c
•24c
26c
37c
*
Ltd
500
'
Jan
3'/2C Jan
17 %c
9c
10c
12c
.
12V2c
3%c
*
Central
Mines
29c
1
Consol
Apr
Apr
20c
1
Ltd—
2c
8c
12>/2c 14 %c
c
12 %c
1
Cadillac
'
9c
•
1
Mines
—
_•
1
1
Mines
*10% Jan 1
Jan
Mar
Centremaque Gold Mines Ltd™.
Century Mining Corp Ltd
si
1.
Dome
May
9%
_*
Mines
Mines
Jan
4
d% Jan
May
Mines
Gold
15
Jan
Mar
15
•
Mines
Mines
,
13
Ltd
Mining Corp
Gold
45
May
15 y« Jan
'14% Jan
107
Ltd
Yellowknife
May a
115
May
r-.i20% Mflyv/v
Feb
-
;
..:..,3%:-.Jan,v'£
20
——
Lake Gold
/:-;49/;:-v»J!att/s
101
May:/
26,400
74
Mines. Ltd
Band-Ore
Jar.
3
Mining Stock*—
Aubelle
2%
810
Alger Gold Mines Ltd
Mines Ltd
•
19'/e Jan
Mar
28
class
Hotel/ Ltd
90C
14% May
23% May
10% May;
Jan
110
—____
Products
10%
:
20
5,281',
17%
United Distillers of Canada
Windsor
h 23%
28
„;
Class B
Feb
10% Mar>
15
United Amusement class B_i
United Corporations class A
Westeel
Feb
37%
109
Materials
Ltd
Thrift Stores Ltd
33
50
350
17%
6%
Co
440
42
44%
;,
%
•39% May? /
42v May ?
109 %
(Canada)
Pr
Invest
•
•43% May
-Apr
•
Ltd
Canada
Feb
•
1st pfd—100
Quebec Pulp & Paper 7%
pfd
Quebec Tel Corp class A
Southern
33%
'
20
Power Corp of Canada 6%
6% N C part 2nd pfd
Southmont
550
;
__
*
Paul Service Stores Ltd
Raua service Stores
...6',
.•*.22
*
com
'*W
r
Feb
26
'
*
Co Ltd
Jan
'■
/1
6%
42/ r
*
common
Ltd
Orange Crush Ltd
Paton Manufacturing
7% preferred
V
100
-14%
-
100
Enterprises
f'"
8
*112
*
preferred
Nuclear
Arno
17% Jan
;85c
A
•42%:-. 43%
37% 39%
30
Ltd
'
21% May
-21
May
May
55c
Feb
Mar i
28
Feb
16
;
16% Feb
14% Mar
...
>
■
19%
.
;
Mar
45c
,
'
" 60
^
5
Jan
Jan
250
55c
,
*
& Ontario Paper Co_
Refrig & Storage Ltd :com
1st preferred
Moore Corporation
Jan
1.00
1,848
17
60c
20
50
42%
Minnesota
9%
Feb
33,371
21
16%
.
II-
Power &'Paper Co
6%
17
20
21%
6%
230
18%
_•
Montreal
Nova
16
28
20%
18%
_•
—
22,345
10
Mar
16/
*
Inc '
Gold Mines!——
Celtaf Dev & Mining Co Ltd
-
Shares
L6w
35c
common.*
Candego
Sales
for Week
Range
of Prices
74
'
Products
Lowney-Ccr'Ltdi(Walter M)„
Bouzan
Canadian Funds
Week's
35c
;16.
28:
Investment Foundation Ltd common—*
Lambert (Alfred); Jne
„1
Bordulac
Montreal Curb Market
Last
Paper
Hydro-Electrie Securities
Bonville
Friday
■/
:
15Vs Jan
21
1 ^:
Insurance Company
de
Bob's
Sale Price
May
35c
A; Rubber of Can Ltdlt
Great Lakes Paper Co Ltd com——*
'^Glasa A- preferred/,
4 '•
Beaulieu
STOCKS—
13
Goodyear Tire
6%
Can
Apr
75
.'
Maple Leaf Milling Co Ltd——
*
Maritime Tbleg
Tel- common
10
Massey-Harris Co Ltd '6%% cv pfd_20
Melchers Distilleries Ltd common
*
6%
preferred ——
.__10
217/a
/
575
26%
Jan
127
50
7%
13%
II
class A__
MacLaren
101
109
7
13%
_L—5
Jan
100
650
Ltd
Jan
13% Jau
13%
;_-__20
68
Mar
11% Mar
eye May
7% May
May
41%
43
preferred—
May
Jan
12
3,040
Ltd
Jan
May
15
v
Apr
•
9%:
17
Jan
14
30
Mar •;
Feb
Ltd—
44/'
13%
125
May
3%
i*.
Feb
17%
48
46'%
.Il4%w.
Ltd_^—ii'22% *
Ford Motor Co of Canada
Halifax
Feb
'4% Apr
Feb
38
10
,
Mar
30
13%
7%
preferred
10%
'
13,045
z(ii
Products
May
'
47
•
com
22
420
102% 102%
Ltd
67
98%
39% May
:149
8% Apr
6'/a
Ltd—--
Aircraft
Hendershot
15 % Mar
200
Mills
Jan
93% Mar
.
,
Feb
47
*
Feb
-
11
1,530
A
May
May
54% Mar
100
Textile
Mills
Jan
22
Corp
(Geo)
37
3,380
36
2% May.
£5
Jan
5%
i_
Steel
Apr
103
Mar
20% Mar
27/8 May
6
-————5
Mar
18%
5,475
96
Feb
63
3,275
17
13%
12
18%
a
41%
_•
com
29
435
67%
101
100
-
common
Winnipeg Electric
Zellers
21%
17%
14
100
_
Walker Gooderham
Wilsils
10
12
City
4%%
450
96
Wabasso Cotton
Weston
36
67
96
pfd—H_10o
Power
Tobacco
United Steel
35%
16%
,18% May
41 % May
15% Feb
102% Feb
1
Fanny Farmer Candy Shops laba.
A T ■
Federal Graiir Co 6%% .jved
ipfdll—100^^^ 4
Fleet' Mfg to Aircr*tti._—i.
-'.1••• '"*• 2%
Hotel
17
—
of
Canada
35
42%
certificates
& Sons common
of
866
103
65%
III—*
prefeired
preferred
Jan
18 %
167'
Mar
43%
Standard Chemical common
Co
16
67%
,,
<
May
Apr
25
100
___!
May
29
128
67
21%
V
Jan
52
1,980
18
May
Mar
18%
.
1
12% May
24% Mar
162% Jan
41%
*
.
common
43
40%
103
Southam Press Co
7%
26
18%
Southern Canada Power
Steel
1,201
18%
trust
(H)
Jan
26
*
preferred
Simon
Esmond
12%
40%
/
Jan
45
10% Mar
Ltd
Corp
Dominion Woollens & Worsteds
Donnicona Paper/Cb
23%
25%
4,136
162
.
Eastern
25
50%
29
48
22 V
130
•
Apr
24%
166
46
&
40
25%
166
15,675
Frere Limitee class
B—g
Dominion Engineering Works Ltd
43>/2",
Dominion Oilcloth & Linoleum
'
37%
Dominion Square
Feb
18% May
25%"
27%
4%
1
—
Alrcrafif Corp
Fairchild
52
4%
48
'5%-.ypreferred;
18
12%
Products
Consolidated
16% May
Mar
common
Preferred
Apr
40
,
4%
Consolidated Lithograph Mfg_—_
;_* '
Consolidated Paper Corp Ltd—L—...i*
21% May
38
May
37
20
267
••
.'
-
1,50 Mar
1,380
149
_2
Consolidated Div Standard Sec cl
David
Feb
Steel
preferred
20% May
1G0
.
8%
Mar
3,051
23%
39%
147
.39;»
148
Jam
Apr
1.45 Feb
12%
16
41%
23%
•38%
;
100
Co
106%
Jan
8,878
9% Mar
Lumber
1
Feb
20%
39%
278
12
Cub
40%
3,680
2%
•
4% May
..
Mar
common—"
10% May
fi% May
50
2'/a
2%
-
2%
/
May
Mar
May '■
8
12
Feb
23%
2%
2%
•
A
2
98
.
15
Mar
23%
115
26
5
23%
15
29
75
2
9
38
140
100
28
jan
Jan
6
1,415
18
I*
^
5;:
St Lawrence
Paper 6%
Breweries
Feb
16
4%
99
I.:
617/e
50
1,860
505
3%
100
16% May
Jar.
24 %
175
15
8%
21%
4%
Feb
May
Jan
26
10%
19,401
105
Jan
10% May
240
19% Mar
-13
8
16%
75
•
14
162
13
10
20
74%
74%
199
'25
Mar
15
8%
15%
15
•
Jan
Jan.
12% Jan.
8% Mar
■•
225
Jan
11*
May
18% Mar
»,
2,082
169
8 '
26
10%
19%
15%
16%
22%
169
Consolidated Bakeries of Canada Ltd-*
21% May
17% Jan
common
Saguenay Power 4%% pfd
St Lawrence
Corp Ltd com
Voting
Jan
13% Mar
•
_
Rolland Paper common
4%
preferred
;
Sicks
32%
27
10% Mar
*
preferred
Provincial Transport/
Quebec Power
.v
7%
Jan
335
20%
16 ■%
*21%
18
15
.<•.
Jan
25
Mar
200
I*
4%
Sherwin-Williams
14
23
685
15
16%
Jan
,37
10% Mar
5"
y
Jan
50
Apr
a
25
>
240
.22%
;:
1
com
■>. 100
10%
18%
.,Apr
Claude Neon General Adv
pfd
_100
Commercial Alcohols Ltd common
*
Apr
11% Mar
50
735
:
Ltd
class
Cateili Food Products Ltd common
5% preferred
13% May
15
III
Co———I"
4%
52
21
"»
Corp of Canada
A
Mar
10% Mar
Western
Cassidy's Limited
Jan
30
100
&
39
15%
15
Penmans Ltd common
Placer Development
Series
13
25
Mar
29
I5
common.
——
Shawinigan Water
% May
67% May
21
_*
___
eferred
465
1,334
36
Page-Hersejr Tubes
pi
49
13%
Co
Paper Inv
Products
21%
240
Canadian Westinghouse Co Ltd—-„i_*
Jan
37
•
Ottawa L H & Power
A
27
Mar
11
15,416
12%
1
Ontario Steel Products
Ottawa Electric
Rwys
Class
Mar
29% Mar
21%
10 %
Jan
Canadian
Chatco
14%
&
Silk
100
y...
Feb'
44
150
12%
/May
May
14
34
r
30
-
i-*
Canadian Vickers Ltd commdnje.
7% preferred
May
13
15
,
Ltd
27
Power
Canadian
Jan
46
'
*
Noranda Mines Ltd—
Co
21
Candn
May
Feb
9%
40
92
Jan
22
255
37%
67%
Jan
Feb
Ltd
'17
26
15% Mar
100
8
^1%
;
_50
Power Co—-—..100 •
Canadian Marconi
.tan
May
Investments
Canadian Light &
19% May
14
Ltd
17
Jan
Jan
May
11% Feb
15%
Apr
6%
108
25
85,
35
.
•12%
Canadian Inter Inv Trust common—*
5% preferred
^
100
25 % May
7
Feb
29
Niagara Wire Weaving
&
6%
29%
250
13
—
Bros
12
24%
II_I*
National
Power
Jan
86
75
48
•
Breweries common—.—
National Drug & Chemical
pfd
National Steel Car
Corp
;
Price
Mar
12
5
12
52% May
24% Mar
Gen
Co
1,430
48
35
v.'..
Canadian Ingersot Rand Co Ltd..—•
May
48% May
14
325
27
35
Jan
43%
Electric
177/8
8
Canadian Industries Common-———*
7% preferred
.—100
Jan
Mar
44
815
65
—
Powell River
7
40
87
36%
13
preferred
25
Locomotive Works
_•
Tramways
100
Paint Co
.'———*
5% preferred
200
100
Feb
23%
Canadian
May
97/8 May
21
common
Ltd
^preferred
8,658
22%
Montreal
7%
26,356
13%
25 %
37
I—~*
IIIII*
:
i
Ogilvie Flour Mills
4,636
19 »/8
23
Montreal Cottons
Murphy
52%
657/a
♦
class A—_
.
Montreal
225
17
Feb
Jan
3
:
Massey-Harris
McCoil-Frontenac Oil
Mitchell (Robert)
Molson Breweries
1,350
48 %
«/'
—— — ——— — — —— —
-
B
34%
6%
100
.*
A)
I
Export
MacMillan
Class
1-
Mar
5
4
3
1,675
48
*0
7% May
117
78% Mar
14
,
Feb
2,751
•26
,
Canada Starch Co Ltd common——„3
Canada Vinegars Ltd
Jan
110
2% Mar
2,800
*
.
..
Jan
II*
Secord
*
'[.'0
108
107% Apr
3,351
100
13%
•
(John
Jan
13
17
97/8
51
137/a
common
Lewis Bros Ltd
20
Apr
102
Feb
Canadian Gen
26
15
(John)
Woods
18%
74
3% Mar
13
«/•,...
13% May
40;
17
.j#y„
'
Jan
87
•
com—I
—*
A
class
Jan
6%
-III. Ills
Ltd
Ltd
Jan
*
Service
Packers
16%
25%
Co t.M...
International Utilities Corp
Jamaica
Canada
52%
100
Power
'
24%
16 & Sun'
Apr
2M34
26
.
High
vApi4"
11%
320 S
5%;
105
17%
Feb
18%
13%
Low
14 •'*
■
.
280
115
.5%
__
•
-
4 Jan
34
187/8
Range Since Jannary I
*
30
.
100%
•■__
14
39
common
18% May
Jan
Mar
•
—1
Canada & Dominion Sugar
Canada Malting Co Ltd .
;
104%
1
t
Butterfly Hosiery Co Ltd
% May
May
50
52 V4
——
Paper
15% Mar-
525
47%
48%
preferred.
—-i.--— -25
International Nickel of Canada
•
International
Burns & Co Ltd class A pfd—_•
19% May
18
Jan
50
100
—
May
2,035
34%
Shares
115
v *_■_
5 %
....100
—
52
9
2b
Industrial ACcep Goip class A—
414% preferred
Intercolonial Coal common
International Bronze common
Preferred
"
__l
16%
16
j-h—Il
—.
29
15
19
40
100
Ltd
preferred
Jan
taper com-;.*
&
15%
9%
Imperial Tobacco of Canada common_5
B%
Company common—
Canadian Dtedge & Dock Co Ltd
•
Canadian Food Products Ltd common. *
16%
—
4%
Jan
16% Mar
70
16 %
$2 preferred
.so
Hudson Bay Mining &
Smelting—
_*
Oil
Columbia-Pulp.
Brown
52
•
Hamilton Bridge
•
Renfrew
7%
pfd
,———100
Howard Smith Paper common
;
*
Imperial
103 103 %
108% 108%
3%
3%
50
Holt
■;
105
14% Mar
485
3%
»
Goodyear Tire 4% pfd inc 1927
Gypsum Lime & Alabastine
British
Jan
Class B
20
loo
May
13% May
167
11%
50
103 %
loo
preferred
Jan
25%
350
•
Power
22
,
5,170
24
18IT
•
Gatineau
98 ' :
130
15
*
for Week
-•
Par
Low, High
Brewers At;"Distillers At /Van Ltd———5
:;14 •, >/'< 14
14
British. Columbia Packers. class
A_—.:M3%
yl3%
13%
Class/B
/•;•/-&.%:/■■
■i,'6%'t.".'6%.',
27% May
27% May
Feb
165
100
24
Canada
Mar
165
27
Sales
Range
of Prices
Sale Price
,
'22%
100
loo
' •//,;.;.•/
stocks—
/.
■High
27%
Paper 4%%. preferred—100
Dryden Paper
*
Eddy Paper Co class A preferred——20
EleCtrolux Corp l—
Famous Players
Low
Week's
Last
Range Since January 1
High
27
23 %
Donhacona
Friday
Shares
27
—
common
lor Week
of Prices
Low
Chemical common—*
Voting trust certificates—:—..
MARKETS
Sales
Range
-
Sale Price
LISTED
RANGE FOR WEEK ENDED
MAY;21
50c
1,500
50c
May
1.13
1.41
61,100
55c
Mar
1.65 Mar
3.50
Jap
70c
Jan
1.41 May
"<3r!*
Volume
Nuiribfcir
167
^ Sl,0i/^ >v Www*
18818
& FINANCIAL CHRONICLE
tt
CANADIANI-ISTEDMARKETS
RANGE FOR WEEK/ENDED MAY
Week's
Range
Friday
Last
STOCKS—
SalePMce
Mines Ltd
Mines
Goldbefam'Mine^ Ltd
Goidord' Mines
Goldvue;
Heva
Lta_
p-i.
Ltd—.
—
„
Lake Shore
Lingman
xMines
Lake
Ltd
2%c May
He
Jan
l$c
VAc
1,000
4c
May
7c
Jan
17C18>/2c
13%c 13Vac
.
2,600
IOC
Mar'
24(J
Jaii
500
lie
Mar
ltfc
Feb
Apr
12
3C
Jam
Peb
9.50
Gold
Mines
1
Mines
Fitt
Gold
Quebec
Dredging Lid—
Crest
Mines
Miries
Ltd.^...
Mines
1.90
1.85
500
1.95
60 V4
Iron
40
59% May
6.25 Mar
90c
90c
3,700
1.30
1.30
1,400
2.25
2.36
11,600
1.90
9c
9c
32'/4c
13c
4%C Mar
57C:- Mar
14,000
14'
200
Apr"
3c
2,000
2Vtc
13c
4,000
10c
6c
13Vic
17c
41,000
1
46c
46c
46c
500
llVsCMar*
40c
17c
1.10
1.10
1,000
2.75
2.66
2.80
13,000
1
45c
40c
45c
1,200
—*
54c
54c
55c
5,735
50c
Mar
67c
9c
500
7c
Mar
11c
Mines
:
Mines Ltd
2.14
2.14
500
1.28
1.50
21,800
6c
7c
—
—
Thurbois Mines 41—.—
Vinray Malartic Mines
—s
—
1
—
1
1.45
--1
-r
-—1
4c
—*
-
Westvillc Mines Ltd
4c
6.80
22,000
7.10
3c
—
1
—
4c
1,500
3c
—
400'
1,000
1.15
Apr
50c
1.80 Mar
I
2.14 May
Anglo-Canadian Oil Co Ltd
British Dominion" Oil & Dev
& Edmonton
2.84
Mar
2.08
Apr
4c
19!/aC Jan
Mar
4.75
9c
Feb'
Jan
.
7.25
Home
Oil
Co
Ltd.
Oils
22Vac
25c
12VaC
Feb
20V2C May
1.95
Royalite
2.20
1.25
Jan
9.65
5.25
Feb
I5V2C
Oil
Co
16c
15c
1.60
Ltd
1.82
8!/aC
7c
Mar
95c
7c
18 Ve
18 V2
32VaC
Mar
16
lbc
Feb
19
Last
Sale Price
Abitibi Power & Paper common.
$1.50 preferred
Akaitcho
Alberta
.1
Pacific
Gold
Algoma
8V4
8Va
140
75c
—
—
75c
800
22c
19c
22c
3,100
5c
3VaC
5c
23,500
Permanent
Range Sine* January 1'
Anglo
Canadian
16Va
98
6c
Convertible
class
A:
Canadian
'
VVs
65c
15V2c
Canadian
5Vo
Oil
Canadian
Tire
May
23 Va
23'/a
82
23 Va
50
23
Apr
23% May££,'
Jan
82
S May;Vv
30
Mar
-;
Jan
'.
45
28%
125
21%
6%
225
5
22%
22V\
22%
820
22%
22
23
9,237
21 Vi
21
21%
1,180
25%
25%
105
23
Mar
21
21V2
510
17
Mar
13%
14 Vt
965
10
Mar
20
17'A
17 V4
17%
730
"15Vo
Apr
81
80Va
82
255
56%
Feb
39
225
34 V2
Feb
;
39
22
22
75
21V2
21%
345
*
21Va
r
Electric.
13
14
20 %
21%
26
26 V4
13c
Jan-
Central
57
Mar
20c
Mar
38C
Jan?'
Chateau-Gal
1,000
20c
May
38c
Jan
8c
Apr
16%c
Feb
1.35 Mar
Gold
14c
17c
33c
Jan
7c
preferred
10c
16c
Feb
7%
Wines
Chemical
Research
Cheskirk
Mines
Chesterville
»
Mines
Gold
Chimo
Jan
Coastal
14c
Apr
Hardware
class
A
.10
8.30 May
Mar
V
10%c 10%c
1,000
6V2C Mar
7,-7%
4,350
5 % Mar ;
67
Mar
18c
75c
13V4
„
3,500
14%
,
,
..
6c
Mar
255
11
Apr
Quebec
Atlas
Steel
Auto
9%c
v
i
Jan
-
—•
——
11c
11c 11 Vac
2,000
IOV2C.. 13c
51,300
—
i
Bathurst Power class B/J,
:
Beatty Bros
100
Coniagas Mines
I
;
i4
Consolidated
Bakeries
Consolidated
May
Beattle
Mines—
Cadillac-
Feb
Feb'
Consolidated
Central
Jan
Consolidated
Homestead Oil
5^
Feb
Consolidated Mining &
Cons Press class A
Jan
Consumers
4.00 Jan'
:i
4%
Apr
-
Conduits National
10 Va
-
Feb
9% Mar
5%
525
Con west
5% May
.
8V2cMar
6c
2,300
5V«cMay
26
745
35
37
35%
Gas
18c
91/2
U
150
1.24
—r——
«
Feb
Crown
Nest
6V2
10
41
15c
164
166
1,283
8.00
8.00
100
18
I8V2
225
5V2
5%
150
,
140
46,100
9c
17
4
38%
9c
160
7.70
17
Mar
24c
Mar
22
Feb
*
T
"
Apr
Jan
—_^1
—i—1
Kirkland Gold—
class A
Corp
40c
I8V2C
preferred
..."
1:
50
/
"
I Bobjo Mines
Bonetal Gold—
footnotes^sec
_.l
.Ui.--.1_-1;.'-
—
page
46.
•
J
14C
__
40c
6%-May
18V4
11
.
-
•;
/
Davis
169
,
Feb
Feb
4% Mar
Leather
-
53
12c13c
14c
14c
Mar
110
J
18% May
10Vs Feb
58
51% May
1.28
Dexter
Red
Feb *
Discovery
Jan
Distillers
20
Apr
;12
,
10%
8V2C
60c
4
•
18c
Lake
Red
41c
Lake
72c
Yellowknife
Seagrams
Diversified
57c
-
Mines
48c
Ltd
Apr
Dome
Feb'
Dominion
Dominion Coal preferred*Dominion Dairies common
13,000
10c
Mar
17c
Jan
3;200
13c
May
29c
Feb
22%
Mining
55
..
19%c
Red- Lake
28c
^
B
Denison Nickel Mines
Detta
5%-Majrf
Mar
18c
—w-i.
class
Delnite Mines
Jan'
8.98
18%
25c
75'
12
52--
115
115
55
9%c
Davies Petroleum-
Jan
Feb
9,000
19
25c
Bank
.
-
—
—
21
25V2
55
13c
—
D'Aragon Mines
Jan
25o
Jan
3,000'
18V2cl9V2C
__
common——11
——^
35c
Coal
"
Dickenson
L
——
24%c
Patricia
41 5;
Mar
Mar
May
30
6V2
.
Crowshore
98
6V2
Trust
Crow's
12c
,
29 Mr
Mines
Jan
40
__
Crestaurum
37%
50
A—_L—__
98
Imperial Mills
Jan)
'28
10
149 %
Craig Bit common
38%
21 'A
..
Cosmos
34% May
6%
.
Jan
25c
113 116 %
1.09
:
Mar
34% Feb
204,700
40
Feb-
8c
435 '
24c
21 V»
13c
164%
25
20%c
18c
22c
Smelting.
Exploration
450
19c
6%
j—__l-
_—
class
18c
25 V4
„'
100
Quebec
18c
5 Vac
34%
1
jH -"/Class B
For
50
25
—*
ri' Bell Telephone
Preferred.
'
Apr
5V2
37
*
:
—
Hats
25c
4%
25% '
♦
f|j Beaulieu Yellowknife
Ribbon
rf l5c
IOV2
22C
f
Biltmore
3.00
15c
;
Mar^,:
5Va
10
;
Blue
Feb
Apr-
4V2
„
——___10
| Bat.hurst Power class A
Bidgood
9c
8c-
"15c
_
Preferred
?
Bevcourt Gold
1,525
-
10^"viMarL;^.--13%-Jan
10 %
18c
1
—.10
—
Sons
18,400
10c
-,
—
Petroleum
Coniaurum Mines
...
5 V2
l
—
Consolidated
&
18c 18%c.
3.40' 3.60
—
Bank of Nova Scotia
of Toronto
] Base Metals Mining
Bertram
23,485
6c
IOV2
i I Bank
:
Mar
18V2C
—1*
I Bellecerre
Mar;a:/18%c Jftn':.
Mar-'
11c
Jan*
4'c
IOV2C
common
Montreal—
;
6c
8,000
11%-. 13%
13 !4
—1
Electric
i
58,850
6,300
—1
Gold
of
9c
—1
Mines
Class B
Bank
10c
Plow
Lake'
Commonwealth
10c
-1
:
Mines
Bankfield
8c
•,
—
—
class A
Colomao- Yellowknife
8'c
-1
—
Cockshutt
Coin
Jan
7 Vac
•
—1
i..
Atlas Yellpwknife'ij.---.:Aubelle
-1
Cochrane Dunlop
14% May
/
4 ;
Oils
Cochenour Willans
'L
May
38c
.
.
.
A
Jan
15c
*
Class
7%'May
75c
Mar
15c
Circle Bar. Kniting common
Jan
83
35c- Mar
7,000
128,200
29c
-
,
65c
Jan
7%-
Gold
Steel
Chatco
3:20 May
9.20 Apr
Mines.
Porcupine—
Centremaquc
91,000
10c 14Vic
Jan
21% May
26% Jan
1.40 Jan
31c
40c
15
100 % May
1.49 May
May
.
Jans
1.36
9c
—
25Vs
Mar
1.4G
16c
26c
Jan
16
1.25
Patricia
Central
14c
—1
23 %
1.42
Apr
14c
—I
May;ji::
May't;
2OV2 Mar
—
Castle-Trethewey
Jan3
24c-
42,600
—;
82
39
87VaC
Apr
2,500
—
17% May
>
Mar
3V2cMar
Apr
59% May
25% May
145
C
,</
14% May .!?
Mar
34c
75%
Jan
'
May
23c
75%
25%
;;/21V» May
v.
"A'
common
15c
*•
21% May
2.65
34c
__
Mar"f1'
19
20c
LOO
16%
26
9V2C
.
Jan
25%
Citralam Malartic
...
24
|:
Jan
17% Mar;/,..
-
23
21
Gold
®%c Jan
-
21% Mar
13%
25
:
7%
Mar
18
23c
—
Mar%,
25
24
7%
70
82
28
6%
28
*
Jan
1.70
Cariboo
>;
Feb
|{{ Bagamac Mines
•
42
1.60
1,350
H Auto Fabric class A
;
Feb
Jan
5c
Athona Mines
v-v
35
8%
9c
Astoria
?
205
18
25 V4
;
|
42
24%
32c
Aunor
t
40
Wallpaper class A...
280
Aumaque Gold
I
Jan
40
Canadian Wirebound class A_.
X
L
14
201 %
Canadian
8^,500
Ashley Gold St OiluU-i-——-
J
Feb
100 % 100 Va
12,500
Ashdown
1
May
11
Railway
Corp
8c
Warrants,
•
188
835
*
as
Cos
55c
Armistice"
ii
32
14
Pacific
8.30
Arjon Gold
|
189
Apr
25
-*
Jan'itV
188
Jar(
25
—1
Jan;?: ':
Jan
18
13 Va
preferred
Canadian
7c
—
/ May
Locomotive
49c
Mines'-
7
53%
11 Va
,s;
——
8.30
Preferred
I:
14
•
Industrial Alcohol
Mar
33% Mar
—
Jan
22% May i..
29 / May
8c
44% Mar
1
68%.
189
•
General
19
3,775
—
May
99% -Jan
v.
15% Mar
20
i
common
preferred
Canadian Dredge
7c
Argus Corp cdmmpniiUs--i.i.__:
l!
225
25
54c
Area--
1/
17
—*
—
—*
Porcupine
'^*4%
43Va Apr
9Va Mar
*
—
Celanese
--1
'
|
415
290
10
Class A
101
2,710
—
125
49%
10%
16%
__
*
•
preferred
—•
Rouyn Mines
Cons Resources
Aquarius
I;
7
45Va
10 V2
*
Anglo
Apex
Apr
25
Canadian Car common:
&
Anglo-Hm onian
Lr
p.
Mar
3%
•
■I
Feb
57
124,170
May
50
7
49
.—100
Canadian Canners common—
1st- preferred
—ta
;
Apr
59^4
3.20
97
344
Apr
Feb
58
2.66
50
60
Feb
|
Apr
53 Va
3.05
97
Jan
50
Wire
39
55
-•
4V2
5
Canadian Breweries
19% May
34c
Oil
4
97
58 %
97"
Mar:
3.00 Mar
'
Apr
|
21% May
Jan
59Va
—1
705
2.15 Apr
Canadian Malartic
17 Vs Mar
-1
Yellowknife^^.——
10,025
27
Canadian Bank of Commerce
'
V;
3.00
High
12% Mar
35'/a
25
.
2.75
16o
65c
Class B
„*
Canada pfd...
2.90
is;
.8
14% Mar
Mtge
Class A
-♦
new
Nepheline.i
.
70
2,500
-1
Amalgamated Larder Mines
Amierlcan
325
6Vac
—1
common,^.——-
Ltd
Co of
18%
99 Va 100 Vi
6c
-1
Cons—
Steel
100
-•
MineB
Aluminium
American
40
18
Yellowknife
Aluminum
£'.395
6,105
38
-*
Agnew-Surpass
I
Alger
19:,-i
21VH
38
00
Oil
?
ir
18%
20'/a
...
A
Preferred
Acme Gas &
/
18%
Mar
7.60 May
Feb
34c
»
Canadian
Low
21'/a
20
6c
46,770
May
Canadian Food Products common.
High
.20
46,750
62c
200
Cable
for Week
Shares
14c
55c
18
8% May
15
/
Feb
3.65
10VaC
950
B
Canadian
-•
/S2.50
preferred __;
Acadia-Atiantic class
Low
47,985
14c
__
Jan
15c ,: Feb1
■
Feb
61c
*
class
^
Mar /
29
Northern, Power"
Canadian
7.60
8c
12
22 V2
Canadian Bakeries
Apt
25
28Va
Canada
Feb
15
25c
7 Va Mar"
9,000
6.85
7.40
10c
15
_J- '
*
200
9c
15%c Feb
/>, 34 V4 May
M 13Vi May
21 ■" Apr"'
29
/Jan
13% Feb', "!■/ 17% May
28Va
preferred
Apr
175
330
*
;
Feb
21
Canada Varnish
Sales
of Prices
Par
*
Canada Packers
Exchange
Range
10c
*
Funds
Week's
8%
*
%
Friday
17%
Apr
__..20
New
Canadian
28
17
8%
Jan
" 10% Mar xu
1,855'
22
Preferred
Toronto Stock
27Va
17%
10c
28 %
640
May
2.40 Jan
<
Mar
—-—•
/
1.82 May
Mar
28
-
1
99c
6c
5,000
'
Jan
32
1.50 Mar
6,000
13%
*
Class B
9.65 May
341/,
12
__
50
|
2.20 May
9.00
,
10c
331/2
13%
100
4
!?
20V2C May
...
i
common
Preferred
May
10c
87o
Mar
Mar
1
Canada S S Lines common
7.50 May
25c
May
19c
lOcllVaC
_J
Apr
22
1
preferred
Canada
May
34c
Feb
Ltd,
Exploration Ltd
Omnitrans
3.20
Jan*
3.75
Pacalta Oils
Okalta
1.60 Mar"
34c
Gaspe Oil Ventures Ltd.^
IOV2C
Canada Malting
Jan
7.50
2ov2c 20 Vac
4,600
Canada
Apr
4Vic
'
2Vic Mar
32c
Consolidated Homestead Oil
Davies Petroleum
-s.
New
3.20
1.85
I
Jan
6.75
Corp—.
Ltd
Corp
1.80
27c
Mar
3Va May
35c May
100
May
40c
•
1
—
—
Canadk Machinery
|
15,500
7Va May
27
"
Feb
Apr
99
Jan:
4% May
Apr
16c
Apr
May
13 Va May
Jan
2
22,600
,
27
99'
4'A Mar
150
70c
•
_
.
.
Preferred
OH Stocks-
Calgary
-«
Canada Cement common
i
30%
1
Class B preferred
Apr"
33c
30
62c
__
common1-
Bread
4% %
28c
65c
24%
Mar
Apr
24%
50
336
—.
FI011
100
Feb
Jan
3
Feb
Apr
22% May.
7Vac Jan
Mar
11 Va
2,110
222,865
100
26'/a
23%
425
35c
May
91
880
27
3Ve*
30%
s
99c
6c
Flin
6 Va
29c
34c
■"
i
Oils
Canada
Apr
26 Va
2%
*
Campbell Red Lake
Jan
3.25
1.45 Mar
40
•
}•
Jan
1
1.01 Mar
35c
52,000
26%
•
Calgary & Edmonton
Jan
9c
—
—
4%
13%
•
,
-
Calmont
Jan
4
13%
6%
Jan
1.00
26
35
__
Jan
11
Mar
17
Feb
4%c Apr
1,020
1
A
)■
May
58c
Apr
class
B
Callinan
27
93%
92
4%
*
Caldwell Linen
Jan
26V4'
92
MineKL—iii*—1
[
17V2c May
26%
Mar
Mar
6c
26
3,500
:
8c
55c
7.50 Apr
6,376
1
Calder-Bousquet
Apr"
5Vic
24%
*
-
Burrard class A
May'
14%
Co
Class
Feb'
15c
'
Jan
&&&
Canadian
&
5ViC
24%
HigK
Apr
May
Apr
40c
15,208
5%c
—100
l
2 %c
60
22%
24%
—•
——
Lake
26
21
6%
preferred
Building Products
Burlington Steel
Eurns
26
21%
•'
Gold—.-—.—
Buffalo Rfed
Jan
Apr
13c
s
"'
13%'Jan
200
•
Ankerlte—*
Buffalo
Jan1
—1
Ltd
Waite Amulet Mines Ltd
6c'
2V2C
—
9c
45c
*
OIL—
Mills
Buffalo
Jan
89c
9.15
45c
—*
Dominion
Bruck
Jan
65c
v
Peb
8.95
pfd—100
Power A
_
5.80
4c
9.00
4,300
1,404
•
—
Broulan Porcupine
7%c Jan
;•
Columbia
Class B
Buffadlson
Jan"
'^2.17'
4c
———_
Britishh- Rubber
May
88'v
4c
;^-.—25'
Electric
B
British
2.36 May
Apr
19c:'
.
1141 May
Jan
4,000
123,100
12c 14%c*
—
50c
5c
4.50
4c
1
—
preferred!.
conv
British
Mar
8:55
1.18
1.50 Mar
-
10,000
41c
65
."
1.55 Mar
4,369
200
Feb
90c? :May
88c
Mar,-
5,700
6c
4.55
GGVic 69>/2c
__
"
2.12 '
5c
4.55
Feb
8c
Apr
300
"
17c
—
(1944)
8.00
1.65
50c'
Lake
Columbia
Class
Feb>
:
28c
__
Columbia' Forest Products
Columbia Packers class A
British
Jari'
9c
*
...
Standard Gold Mines Ltd
Cons
Mar
14
r___ __
Sheep Creek Gold Mines Ltd—
Sherritt-Gordon Mines Ltd
Rock
55c
50c
Siscoe Gold Mines Ltd
Sullivan
21,800
8.55
34c
—1
Senator-Rouyn Ltd
Steep
,93c
6c
—*
—
Ltd
Santiago Mines Ltd—
Stadacona
85c
2.10
__1
—
3%%
British
1.45 Jail
Corp Ltd—1
Gold
Rochette Gold
Mar
4.55
Quebec Yellowknife Gold Mines Ltd.—If
Red
Mar
42c
2.35
—1
Development
Quebec Manganese Mines
Quemorit Mining
4c
93,100
—,
—1
-
Mining Co Ltd
Labrador
3,000
3,500
'
90c
__1,
LtdJ..—1
Pandora Cadallic Gold Mines
Pato Cons Gold
'
Red
British
Feb"
7c
14,400
class A
British' American- Oilf commonly.
14% Mar
59%
—*
i
Ltd.^
13c
75c
91c
•
1
Mining Corp Ltd
Gold
Mar
11% May
30c Mar'
Millen
2,000
38c
Cordage preferred
25
Brazilian Traction LigUtf & Pwr com—•
Brewis
.7.65, Jan"
10c
'
—
3c
31c
„
Brantford
14% Mar
1.85
1
__1
—
Peb
4;45 Mar
500
40c
l.
5c
„
Dredging...
13%
50
850
Mar"
&
Low
3c
33c
*
_
Pershing
Brand
Range Since January 1
High
*
Mines
Boycon
Shares
—1
—
Bralorne Mines Ltd,
6c
Peb
50c:/May
May '.. %
63c
.
*
*
1.
10c'
-12%
38c
25c
150
'
May
3c
8,100
6.00
7c
.
—5
Mining Corp of Canada Ltd
O'Brien
40c
2c
*
3,500
1
13%
11%
—1
Mclntyre-i'orcupme Mines Ltd
Normetal
—1
—
Malartic Gold Fields Ltd.—
Cons
12%
—1
New Calumet Mines Ltd.!
%
lQc,
i.
50c
6.00.
13
:
•*
Ltd— —1
Macdoriald Mines Ltd
j
9
1,500
4Vic
38c
—
1,200
»2c»:
3Vic
.
50c
—1
Lirigside Gold
Nechl
-4Vic
—
Miries Ltd
Louvicourt Goldfields Ltd
9.75
2c'
—
.
Bordulac
Low
1
Sales
of Prices
Par
Jari
VAc
Week's
Sale Price
Bonville Gold
6'Ac Mar
50
Friday
STOCKS—
High
20c* Jkxf
Mar
30,500
,
Lt'dl. --1
——
Id
3c
9.70
-1
1,100-
12c
Jack
Kerr Addison Gold Mines Lt
Labrador'- iviming & Expiot CO
Lakd Rowan Mines - Ltd
.-i
Low
12c
12c
~l.*i
Hollijnger'Cons QiSltf Mines Ltd-—--:-5
Lake Mines. Ltd
-1
JolMt-Qiiebec Miries Ltd'
-1,
J-M Cohsolidated;, Gold' Mines" Ltd -1
Range Since January 1
2%c ;
—
4'/4c
[it
Shares
High
lie
3C
-1,
Ltd
Mines
' He
-1
—
Ltd'
Mines
Gold
Low
—1.
«1,
Sales
for Week
of Prices
Par
Formaque Gold
Fddiid Jbake Gold
21
8%
Feb
.
•wCTi""
44
(2288)
THE COMMERCIAL & FINANCIAL CHRONICLE
.
.
.
CANADIAN
LISTED
Monday, May 24, 1948
MARKETS
RANGE FOR WEEK ENDED MAY 21
Friday
Week's
Last
STOCKS—
'i
Sale Price
Par
Dominion
Foundry & Steel
Dominion
-Low
-1
Magnesium
_50
Dominion
Donalda
Mar
6
Mar
12
40
Feb
10
19%
18%
19%
14,905
13% Feb
26
25
26
005
21% Mar
27
27
22
22
13
13
—100
Woollens
:
May
Jason
Mines
&
27%
14%
.———1
Joburke
Apr
Joliet
19% May
Mines
Quebec
Ltd
Mudge
1
Dulama
Gold
Mines
East Amphi
84c
;
78c
20
14%*
22
Feb
165
May
Gold
1
Kirkland
87c
51c
55,800
Golden
Mines
Eidona
Lake
Townsite
El
Sol
17
Gold
Empire
25c
28C
100,500
17c
22,100
20c
May
74c
Jan
5c
Mar
126
Jan
Lake
Dufault
Shore Mines
20c vi 26c
5%c
8c
7c '
8c
8c
8c
,
,;49c
1.75s
1.56
1.75
2.46
2.90
9%
10
19
20
1,480
48c 56 5/2c
10c
31,100
56c
1.33
20C
1
2.07
l.»2
Apr
2.08
65,400
3.50
18c
6% Mar
10
Apr
Mar
20
May
IVi H.r
74c
t
Klrkland
Fleury-Bissel
Preferred
I
of
Canada
class
A
Gold
37c
4,050
3,200
775
2.20 May
5.70 May
*
21%
21
21%
180
16 % Mar
Lebel Oro Mines
Power
General
Steel
Preferred
450
98
80
7c
1,500
7
3 y2 Mar
Oil
Gold
7c
4%c Apr
8%
10
7% Mar
3
3,300
2 '<« Mar
3%
7
6
7
325
3% Mar
7
16
16
100
13%
Feb
16
25%
26%
8.673
21
Jan
23%
Feb
250
Apr
God's
7c
Apr
90% May
1.15
75,250
2.15
2.05
2.25
6,765
1.30 Mar
Wares
19%
19 %
100
.
common—
19 %
185
103 y2103 %
*
—
3%
*
3'/4
1.13
100
4.90
101
1,875
16 %
420
14
1
Gold
Mines
1.14
Ltd
4.50
10
99
4.90
Mills
common
6,800
40,100
29!/2c Mar
1.00
14,935
29
Macassa
Feb
445
26
Mar
31
Jan
700
24% Mar
29
Jan
6
6%
200
May
6 %
13
100
12
Mar
13%
63c
74c
195,843
4uc
Mar
1.46
15c
14 %c
15c
1,500
12c
Apr
9c
9c
1,000
7%c Jan
*
1
2.60
2.52
2.67
2,775
93c
80c
94c
32,610
53c
1
8c
10c
8,500
7c
MacLeod-Cockshutt
Mines
1
1.18
1.08
1.22
10%
10
10%
1,585
•
8%
8
8%
10,620
2.79
2.60
Madsen Red Lake Gold Mines..
Magnet
1
30c
21c
30c
Malartic Gold Fields
1
1.90
1.70
1.94
•
2%c
2%c
9,500
Maple
•
13%
14%
8o5
Jan
Marcus
13 %c 14 %c
4,300
Jan
Milling—
Gold
Martin-McNeely
Preferred
7%c Apr
Feb
McCabe Grain
9c
6,200
1,000
2c
14c
1
72c
Goldcrest Gold
Mar
75c
23,200
48c
Mar
18c
5,500
11c
Apr
19c
12y2c
13c
2.000
10c
Mar
16c
Jan
4c
3,000
4c
Jan
10c
10c
11c
4,000
10c
Mar
2.53
2.45
4c
—
Mines
60
104
Feb
llS
May
49
Feb
53
Apr
10
10%
400
10
May
10%
Jan
19%
20 %
9,780
44
2%c Mar
44
44%
749
40%
14
15%
170
6 %
50
7%
7%
75
12%
13
210
—
—
2.90
4%
100
84c
i.OO
-1
—
6
Jan
9
9
9
10
15%
15%
16
17,276
93
93
110
"
7%
Feb
9
Apr
■
11c
11c
58%
60%
1.00
10,106
4
Moneta
48c
45c
*
12c
12c
48c
1^,040
2.65
2.95
55,160
30c
32c
4,600
24c
15%
17
2,825
20
17%
20
1,502
8%c
8 %c
9%c
80,200
1.40
Works
Knitting
2%
2%
7,550
9.10
L.15
9.10
8,310
6.10 Mar
6V2
Bridge
1
2%c
«
Hamilton
Cotton
Hard Rock Gold Mines..
2,000
9
9%
<■
2%c
9%
l,o00
16
16
16
25
18c
16 %c
20c
1,685
11
12
l%c
0
Poicupine
—
——-———
325
14
Apr
15%
Jan
50
95
Apr
97%
Apr
35c
54c
40,280
Mar
54c
May
18
17%
18%
960
14
72%
73%
425
65
Feb
26%
26%
150
25
Mar
72%
-1
»
Gold
12
15,725
Drug
Grocers
Mar
National Petroleum
May
National Sewer
Mar
16
Mar
32c
Hasaga Gold
8c
7c
8c
6,000
—1
Mines.
9c
8%c
9%c
10,000
5c
preferred
14,700
16,000
—1
Gold
;
•
—
76c
80c
1
85c
10c 12 %c
10c
12
National
Mar
Trust
Hedley Mascot
1
—
Mines
—
—
Highridge Mining
Highwood Sarcee
51 %c
1
13 %c
51 %c
Neilson
9c
Apr
15c
Feb
13c
May
37c
Mar
40
12
12%
640
14
15%
1,565
28%
28 %
28%
!5c
27c
21c
27c
6,000
30
30
55
Marlon
Norzone
New
Pacalta
70c
Mar
95c
Feb
New
7c
Apr
16c
Jan
Nib
•
1,600
Jan
6c
2,500
5c
4,900
20
9.30
9.90
.7,955
9.50
8.90
9.70
40.545
5c
•
20
9.60
—5
Home
Mar
49c
5c
1,000
31c
40c
27,300
III
.—1
37c
125
Rouyn
Noranda Mines
May
Jan
Norbenite
Jan
Nordon
18
20'
Mar
12
Apr
Feb.
A
——
...
Jan
Jan
2%c
Jan
9%
ion
common
preferred
Imperial Bank
Imperial Oil —;
;;
21%
21%
6
25
390
18%
18%
13 y4
Imperial Tobacco of Canada ordinary.S
Preferred
——_1
13%
May
52 % May
4c
31c
Feb
28c
15c
May
33c
Apr
26 %c 31 %c
11,000
46c
Jan
Jan
5%c
6c
2,000
9c
1.35
1.20
1.35
51%
50%
52
25%c Mar
—
—
Jan
Jan
4c
Mar
7%c
._5
4,500
4c
Mar
12c
1.00
Apr
Mar
3.40
Jan
6,375
43
15c
1,500
11c
Feb
24c
15c
15c
1,500
15c
May
20c
Jan
;3c
—
4c
1,500
2c
Feb
4c
Mar
2.20
2.39
30,245
"■
13c
-
._1
6c
7,000
14,500
3%c Mar
50c
45c
50c
1,200
40c
23c
26c
17,000
14c
Apr
3c
4c
3,500
3c
.
52
4%c May
7c
Mar
2,35
:
Canada
Inca
*
•••
•
1.50 Mar
Mines
—
..1
a
23c
-1
.
_
4%
4%
4%
450
15
5%
5%
5%
25
-1
2.10
1.90
2.13
77c
75c
79c
49,500
59c
•
49,650
92c
Jan
Apr
23 215
111
10%
Jan
116
Ogama-Rockland.
Jan
Okalta Oils
May
21
Apr
23
Jan
23%
Apr
27
Jan
19%
50,339
14
Mar
Mar
13%
545
12
7
:7
200
25%
305
6% Apr
24% Mar
7%
•
1.76
O'Leary Malartic
Gold
Omnitrans
19% May
14% Jan
Ontario
Feb
Loan
1.56
1.40 Mar
15c
16C
Il«
,
Exploration
..1
.50
j._.'
4
Orange Crush
Grenada Gold
25% May
:
__
—
II
—
-
—
1.
-i
8c
120
8
9%c
'
16c
5,400
10c
4V2C
4%c
2,400
4c
Mar*.
7c
9c
.29,000
7c
,
89d
120
120
24
r
Mar
117 *
8
8%
1,890
6
9c
9:!4C
7,000
5c
Jan
; Apr
1.84 May
Mar
?
'
-Jan "
; -6 ;M$r
May
•
Jan
:32c
3 % Mar
5%
55c
,4%c Fpb
f"4% .Jan
Jan
(1.84
—
1—
Jan
10cr (Jan
Apr
'
4
May
2.39 May
10c
Jan
'
Gold
Preferred
•
-
Apr
3,100
.
7% Mar
25 %
——25
———
5
Mar
15c
77,770
4%C
Omega
*
—
116
24%
■
10
*
225
113%
113%
H OO
.
9%
20c
59,000
19c
31c
4
O'Brien Gold Mines—
L_
9,150
21c
4%c
May
43%
5,000
24c
7c
Northland Mines (1940).:
North Star Oil common
9.70
-
Apr
17c
5%c
Jan
4c
Apr
1.45
22c
,_1
32c
52%
101
15 %c
22c
"l
32c
3%c
Feb
2.99
Apr
17 %c
.—
Mar
51%
1.91 Mar
100%
Mining
Norpick Gold Mines.—
Northern
3%c
15,825
Jan
17 %c
-1
—
Jan
18c
Mar
"l
—
40c
26c
75c
—
Malartic Mines
Corp
25 %c Mar
2,500
4,110
290
14,300
•
Normetal
Apr
—
•.
52%
•
—1
:
Norseman Mines
10,300
101
1.40
8C
Feb
32c
26% May
28%
Feb
1.24
Ii
May
28c
Jan
18% Mar
1.24
*
9c
23c
Jan
24
100%
*
Mar
29 %c
Jan
34
101
-i
Nipissing Mines
8c
32c
2.50
Jan
33c
1.37
Mines
Feb
15c
28c
100
28%
25 % Mar
3,210
28
Jan
J
12% May
Jan
North
—1
Mining
26%
16
Apr
27% Mar
18c Mar
2.50
—
Merger
95c
75c
5c
25
45
13'/4
85
•
23
Zi
_
24 %c
Apr
Mar
9
Apr
10% Mar
1
Yellowknife
7%c Mar
5.35
38%
LOO
pfd
—
Oils
Norgold Mines
*
Homer
10c
50c
5%c
10 %c
305,300
9%c 10%c
:
*
10,000
15c
Limited
Mines
Gold
New
55c
25
"10
__—•—
110
May
Jan
74c
18 % May
Apr
26 % May
600
40
.-1
Calumet
May
12c
,
76
20,700
15%
Car.
(Wm)
New
Jan
12c
73c
1
Mar
Jan
18c
class A—
Negus Mines
May
Nicholson
Highland-Bell
—
Pipe
Steel
15c
Apr
28c
6%
-
13c
12%
«
com
Preferred
Mar
6%c
Apr
15c
15c
'
9"% May
14
—1
Gold
5
13c
-1
20
National
National
12c
3% Mar
50
_5
—
Jan
9.10 May
50c
-1
*
Mylamaque Mines
Jan
3
97
25
——
May
11c
6%
15%
15%
—
Moore Corp common
Preferred
Mosher Long Lac
New
Carpets
20
14%
_
a
.00
Jan
3c
6% Mar
Mar
Jan
96 %
—
common
37c
Apr
16
Jan
Jan
18c
1.75 Mar
•
v,
17
Apr
Jan
75c
5'/2c Mar
2%
Mar
29c
Apr
*
Jail
66
Mar
12c
11 %c
Jan
15c
Apr
43V2C May
3,000
Jdn
May
May
5
13% Mar
14c
9%
16
Jan
•
——
1.00 May
2.95 May
Mar
9%c
Jan
May
98
Feb
56a/4
11,600
15c 16 %c
1
1
Montreal Locomotive
7% May
13
Mar
60c
30c
*
Apr
9% Mar
1,160
1
1
6c
7%
90
1,500
59%
5
—
National
4%' preferred
20% May
30
Oil
Preferred
15% May
6% May
-Mar
16%
-1
—.
Huron & Erie
Mar
Mar
National Breweries common..a—.
4%
—
class
16
24
.
Tool
Monarch
20% May
44 % May
10% Mar
6%
Mar
4.000
3,075
•
Mills
Modern
4%c Mai-
15% Mar
6%
:*
Gold
Heva Gold
200
15%
-1
Mines
3c
14% May
Jan
31c
Jan
175
&
Gypsum Lime & Alabastine
Harricana
Mar
3c
»
Greening Wire
Guayana Mines
Hamilton
10c
52
—
Gunnar Gold
52,000
25 %c
Mar
Mar
11,545
Lake Gold—
Corp
20c
115
"J
11
iuc
May
5c
0
Brick
112
19%
*
—
Milton
Apr
4c
30
Lake
Mid-Continent
Jan
3c
*
Saddlery
Jan
9c
51%
—
Great West Coal 4—
Great West Felt common
16c
51%
—
Great Lakes
Paper common
Class A preferred
May
Mar
,
113%
*
-50
Maclcay class A
Preferred
lC'c
—
1
Lead
Mercury
2.70
6c
3c
41,050
9c
Feb
Jan
2c
20%
common
MqWatters Gold"
1.95 Mar
2.69
:■
Jan
1.95 Jan
19%
.
McMarmac Red
Jan
14c
20,000
4c
._1
common
Preferred
West
7%c Feb
Red
20,500 $
•/ 8c
.
3.15
40c
Apr
29 %
Mcintyre Porcupine Mines
4%c
:
4c
-1
Mining
Goodyear Tire
McDougall-Segur
McKenzie
Apr
30
100
Mining
i
——
1.50
20^8
class A
16 %c
8%c
—
Mines
Goodfish
-
Apr
Feb
*
common
McColl-Frontenac
1.09 Jan
Jan
10% May
8% May
Apr
lbc
May
13c
—,
Eagle Mines
Arrow
Golden Manitou Mines—
Goldhawk Porcupine
Goldora
82c
50c
67c
16c
Gold
Golden
80'^K«JL37tlfo
70c
18c
5c
Jan
1.51
Feb
2.40
Jan
1.95
20
Massey-Harris
3%c Jan
May
14
1
13,897
Jan
16 y2
Leaf
2.84
3.00
4% Mar
34,050
1
1
Consol
Jan
Feb
12c
Apr
1.00 Mar
15,000
Feb
Jan
Feb
ll%c
Mar
9
May
18c
2.40 Mar
15,300
•
Export class A
B
Jan
f
6
12%
73c
1
Gold
Jan
29
1
3%
Feb
1.50
1
Mines
Apr
?
May
28%
Jan
20
Jan
27
Feb
108
l^S
59c
28%
28 %
Jan
2.29
2% Mar
85c
Macfie Red Lake
Class
1.15 Maj-
1,10 >lar
41c
MacDonald Mines
6.30
2c
79c
Jan
4%c Jan
Mar
1.16
v
Gold
10b y2
2c
*
Jan
90c
0
2.90 Mar
7y2c
Gold
Jan
8c
17%
1.12
98c
*
Goldfields
Feb
Apr
—1
Mines
11c
Mar
34%c
40c
*
A
108,395
102 y2102%
1
May;
Mars;
60c
May
15c
Feb
18%
87
3%
is
16 %
Feb
21% May
2 %c May
1.00
Feb
6.95
4c
May
94
1
Lake
20'/i
4,500
Jan
3.00
oc
Feb
May
27
5
Oil
Hunts
3c
1
Preferred
Globe
Koyle
2%c
Ltd
Lynx Yellowknife
8% Apr
4,200
Mines
Hosiery
Class
26% May
7 V4
92
27
Glenora Gold
Heath
12
Feb
9
8 %
3%
12c
—
Harker
1,250
•
Louvicourt
May
2%
90%
Giant Yellowknife Gold Mines—
Harding
40,000
15
•
.
Long Lac
London
May
103 y4 May
Mar
85
Jan
47%
Mar
34
1,405
6%
10c
Gillies Lake
Haliwell
15,000
4%c
14%
1
Class B
May
8%
*
„—
General Bakeries
Gulf
46
6
90%
common
( 5; * 5 % preferred i—
Great
6 %c
4c
15
Manitoba & Eastern
Gatineau
Gordon
5c
4 %c
Loblaw Groceterias class A
5.05 May
18 %
90%
—.
Goldvue
6c
1
_
70c
May
1
;
Candy
Leitch
*
J i preferred
Frobisher Exploration
Goldale
37c
3
.
Mines
Lingman Lake Gold Mines
:—100
——
Freiman (A
'
"U"
Secord
Apr
97%
0
25c
14% Mar
Apr
5.90
Jan
44%
26%
Francoeur
11%
Jan
Jan
3.60 Mar
26%
2,895
2.35
4.55
2%
*
Apr
13
37c
MacMillan
Ford
Jan
83c
Mar
38c
2.25
20
15% Mar
—
7.75
6Vab
38,200i"
5.75
25c
2,660
100
4.10 Mar
2%c May
11%
12%
Jan
9,500
70c
5.90
Leduc-West
1.42 May
Apr
16,115
*
——ill
Jan
Jan
25
5,350
4%c
2.25
May
7c
6
6.00'
4c
64c
*
Mar
1.15
45
*
common
1.78
Mar
23
1
Laura
Jan
8%
common
Feb
19c
4c
1
19
5.05
Fibre Products common
Fittings Ltd
55c
Apr
Apr
70c
1
—
12c
60
12,286
18%
—l
5.70
—i—.1
—
16,600
20c
19
—
Fleet Mfg & Aircraft
|
4nc
18
97%
5.85
Mines
Mar
2.07
*
.100
25
& Exploration—.—1
Mining
Lunward
Federal
Si'
16
4.40
l
25
55c
19
4.90
——
„_
Apr
1.40
11c
Lang & Sons
Lapaska Mines
Jan
18%
—
Grain com——
Jan
*
Little
Preferred
7b5
•
—
539,950
v ?-<
Federal
1,500
25
Jan
22c
36c
500
30,475
14c
Feb
1.60 Mar
1.92
_
Falconbridge Nickel
Famous Players
Fanny Farmer Candy Shops—
40c
1.64
13c
Jan
50c
v15
Apr
Lamaque Gold
May
14,330
1.42
1.12
A
—
40c
1.47
Mar
Jan
Mar
8c
Lake Wasa Mining
La Luz Mines
Feb
49c
(John; Ltd
Labrador
Jan
33c
Feb
1,775
19%
Mar
26c
.53,400
Labatt
Feb
29c
5V2c Ma*
5,500
...
Jan
7c
2,000
8%c
44c
2.81
1
-1
—
class
40c
1.61
—1
Laguerre Gold Mines—
29,700
26c
-1
Mines
Brass
13 % Mar
30,750
7c
18c
•
May
-X
Eureka Corp
16c
9,06o
9c
1
Muy
9%
Mines
4,500
13%
8c
—
__—
17
.20
—
Gold
20c
13%
8%C
1
Kirkland
100
■11-1
—,
18c
13%
1
Gate
Kirkland-Hudson
1.10 Feb
Mar
19C
1
Kerr-Addison
May
14% May
10 % Mar
•975
May
13 V2 May
165
Larder
Elder
May
May';
Renville
48 c
27 % May
% Mar
11
17
480
Eddy Paper class A
Jan
14c
34c
32,500
May
8 '/4c
—
52c
Mar
108,000
14c
11
1
—
Mar
5c
11c. May
66,340
14c
May
25c
Sullivan Mines
Eastern
Steel
25c
50c
10
6%C
East
58c"Feb
10c
20
1
Malartic Mines-——
May-
36c
11
East ' Crest
Oil—
East Leduc Oil
East
28c
12c
11
.—----—I
;
4,500
14C
17
*
,,
35c
13C
11
—_—
-
May
1
17
Ltd
Duquesne Mining Co
DUvay Gold Mines.
Apr
12c
1
0
—
4c
44,943
Gold
0
A
28,500
14c
30c
i
Mines
High
5%c
12c
13c
Mining
Lake
Class
common—
:
Low
5c
1
—
Range Since January 1
High
Kayrand
26%
19% Mar
245
1,085
165
14%
22
1,110
22
13% '
165
*
———
Shares
Low
—*
.—•.
—.-C-—
Kirkland
Donnell
Par
.
Jacknife Gold —'
Jan
44%
fof Week
Kelwren
100
common—
———
Mines
22
15,175
23.50
'
Textile
Preferred
2,570
12
44%
*
Preferred
.
27%
11
Sale Price
'
High
:
44%
Dominion Tar & Chemical
common—0
Dominion
Low
44 %
25
Stores
High
Sales
Range
of Prices
Last
;
-STOCKS—
Range Since January 1
28
;
Week's
Friday
Shares
26%
11
Dominion Scotitsh Inv preferred
Dominion Steel «& Coal class B
Dominion
i
27
Sales
for Week
Range
of Prices
16c
■
;
Apr
May
"7%Q.^Jai)
ISCj J?n
123
.
.'.Mar
\'jaa
;i0%, Jan
lie ;Apr
Mar
.
Indian
Lake
Gold
Orlac
1
Inspiration Mining
4%C
V 5c
4,500
8%
8
0%
200
11
9%
11
5,493
8% Feb
44 %c
—
Ingersoll Machine class A
Inglis (John) & Co——
42c
45c
2,500
98 y2 May
5c
0
6
—,
4%c Apr
•7
Red
7c
Feb
Osisko
8%
Mar
Jan
Osulake
11
102%
Lake
Lake
♦
International
-100
Nickel
100
Island Mountain Mines
For footnotes
see
..
1
_50c
page 46.
.
99%
36%
37%
4
13%
14
1,135
100
1
14
•
International Uranium. •A_
31%
37
«
Co
29%
31%
680
68C
1.10
74c
1.10
34c
Apr
90
29% Mar
31,979
■
25% Mar
16,465
t
11 :, Mar.
40c
Mar
55c
Jan
65,900
200
1.00 Apr
Pacific
Jan
r
84c
1.45
11%c
14c
r:
16,400
10c
Apr
75c
65c
79c
42,800
J 50c
Mar
-1
Jan
May
Feb
(Eastern t
Petroleum
Page
31% May
37% May
15%
14c
-1
29c
24c
41c
59,000
23c
Apr
4c
Apr
...
^.1
1
Hershey Tubes—
Pamour Porcupine Mines Ltd.
Pantepec. Oil
Paramaque
Parbec
1
500
1.15
1.30
140,683
35%
36%
1,525
.1
bol
1.45
14.385
1.19
6c
5%C
6%y
.
—
...
1
19 4:
2,700
19
5c "
r.—
Mines"
Malartic
6c
1.36
Pandora Cadillac
.
6c
1.25
35%
—
5c
3c
■
3c
■■■;
70
80c
28
1.06
5c
12
!1.15'Jjan
'
70c. I?eb
11c
'
Mar
Feb
Feb
Apr
1.55
Jan
7V2C Jan
Jan
19
5c
Mar
2,000
3c
Apr
.
1.30 May
36% May
Jan
500
_
.j8%<^Eeb
"
May
Pacific
Preferred
-1
....
Mines..:—.;
Mines
May
8c
.
Feb
5c
Mar
■
THE
Number 4701
Volume 167
FINANCIAL CHRONICLE
COMMERCIAL &
CANADIAN
(2289)
45
LISTED! MARKETS
RANGE FOR WEEK ENDED MAY lit
Friday
\
Friday
Last
STOCKS—
!
Paymaster Cons Mines——!.
._!
Perron Gold
Piccadilly
Pioneer Gold
—
-1
Porcupine
Peninsular
Porcupine
Reef
Proprietary
Westcel
6,100
65c
6c
70c
6c' 7%c
""
,
-305
2.30
1,839
3.05
565
Feb
Apr
82c
May
16%c
Feb-
t
1.85 Mar
2.30
Jan
l
2.60
3.50
Jan
Apr
6,000
5c
25c
43%
42%
44
48c
72c
11,000
48c
May
88c
65C
1,000
50c
Mar
72c
Feb
44
Feb
*
16%
16%
17%
1,395
11
16%
17%
10%
Feb
1.65
1,455
12,200
1,000
13%
6,000
5%c
?7
•
>',Y'
6c
13%
2.00
13%
.
6c
6c
10%
232
10%
May
1.55 Mar
Jan
40c
48c
6,000
30c
Mar
48c
64c
69c
57,490
55c
Mar
90c
72c
79c
9,700
52c
Mar
89c
46c
52c
32,535
40c
86c
Jan
13%
14%
11,385
10% Mar
14% May
2,00
2.15
430
Feb
14%
-1
Apr
1.02
6c
5%c
6C
13,800
4c
Apr
9c
Jan
Andian
8c
8c
9c
6,000
8c
Apr
13c
Jan
Asbestos
1
(1936)
Robinson
(Little)
d
d
33
45
12%
340
11
Apr
13
Apr
Apr
11
11
1,345
8
43c
100
14
Apr
25%
d
-1
10 %C
-1
—_
21,100
25%
1,415
18%
75
4,000
16c 18% C
18%
35,100
17%
18%
3,405
7c
-1
Mining
45c
10 %c 10 %c
16c
»
common.,
40c
24%
*
—.
Industries
I,00)
18%
-10
.
-100
__
St Lawrence Corp commonClass A preferred
7c
1,500
102%
102% 102 >/2
.50
12 V2
5c
8c
Apr
25c
770
42
245
3.85
3.70
4.00
2,742
—1
6%C
6c
6 Vic
1,000
Sannorm
__1
class
A
__
9C
7c
1
-
45c
>s
_
22'%
9%c
8,500
14
„_
Senator Rouyn Ltd
14
75
42c 46 %c
*
47,500
50c
Breweries
10%
10%
325
1.10
1.23
II.900
-^-1
2.72
2.60
2.81
84.962
—
Silverwood
Class
Dairies
Jan
5c
Canadian
Canadian
16c
7c
7c
May
Crowrx
Dominion
Oil
Apr
Dominion
17c
Jan
16%
Jan
Hayes
38c
Mar
67 %c
Feb
Paper
Southam
Co
Springer
Sturgeon
Southwest
38c
40c
14,400
15',8
16
35
35
40
28c 29'/2c
II,300
388
27%
24%
25
1,680
lo
93
100
75
96
Mar
54c
39c
30
30
100
25
Mar
30
20
_
20
A
57c
4,450
8%
845
8
7%
8%
2,910
21 %
21
21%
120
4%
5
350
4
Apr
9%
100
9
Mar
10
5
14%
—
Taylor (Pearson)
Preferred
Teck-Hughes
Texas
; Tip
1.45
10c
Tombill Gold
Iron
:yfi'Preferred
Transcontinental
Union' Gas
United
Keno
Class
Apr
3c
Apr
3,000
1.47
18,200
9.200
8
1.60
9,325
40c
3,000
27V2
800
9c
19c
Mar
1.99
1.45 May
35c
61c
May
18%
66c
80c
7%c
11,165
20
80c
7c
17,700
98
2.50
21c
20
97% Mar
100
45
80c
8c
4,050
7%c
Apr
12%c
Apr
60
May
10.168
20 %
Feb
28
May
50
25%
Apr
28
May
5 VaC
9.500
3c
4.15
4.45
7,200
2.25
67%
65 %
67%
100
12
200
10
Mar
12%
10%
12
430
10c
2,000
45
25
42%
93
20
92
15,100
8c
12
s
6,100
2GC
Feb
50c
May
2,700
6c
May
8c
Jan
thousands
of
dollars)
Feb
98
63c
7 % Mar
10
Apr
12c
24
225
16
Feb
24
45%
Apr
48%
16
1.83
25.900
1.95
8%
7%'
8%
3,500
1.75
1.87
11,485
6.50
7.10
2,625
10
10'
500
35c
7,500
6.80
7.30
14,457
29%
31%
31%
*
_
.
*
.
*•••
30c
11%
.
14,535
12
#■
320
35c
Mar
13% Mar
+
2,251
24,933
20
—240,900
—
—
+
46,750
2,424,992
+
91.279
—
2,333,713
+
+
37,370
+
108,185
699
—
—7.073,528
692.725
—
20,000
+
1,585,000
57,430
+
5,603,260
49
banks
ether
of
banks
—1,577.993
—1,470,507
53
—
112,062
+
5,676
+
13.682
2,970,716
+
156,310
+
533,989
32,657
-t-
5
+
579
167,182
+
3,010
+
118,705
13%
CO
45,875,356
Reserve
notes
23,596,136
bank—reserve
acct.
16,505,548
acct.
1,612,086
368,728
426,451
18,912,813
—
93,676
+ 1.567.478
—
58,212
406,079
—
—581,197
+
—
292,592
5,548
+
563,245
+
1,073.293
—
1.95
Apr
22c
4.60
50
24
10%
13
8,553
—
120,245
41,574
—285,600
+
1,474,719
459,629
2,620,698
+
245,141
+
17,810
+
1,417
+
4,677
97.254
+
1.532,946
Apr
10
35c
7.50
Mar
Other
Ratio
:
Foreign Exchange table
capital
12
14%
—
198,088
+
6.733
33
448,189
13b)——
8,366
83
27,543
accounts
54,079
45,875,356
3^545
19,345
93,676
+
1.567,478
note
gold certificate -/re¬
to deposit and F. R.
liabilities
Contingent
Jani
combined™
liability
purchased
Apr
for
Jan
should
have
appeared
on
•
will
We were forced to omit it because of the
■
3,299
6,623
.
trading in the Security Markets.
4.3 "o
0.4%
24
—
3,498
indus¬
make
this page
+
cor¬
—
to
trial loans——__j.
51.7 %
bills
on
foreign
respondents
Commitments
May
which
of
serves,
Feb-
May
31% May
Apr
Mar
(Section
Total liabilities & cap. accts.
Jan
Feb
Jan
45.147,457
May
7.20
5.15 Mar
liabilities
Surplus
Apr
8%
5% Mar.
9%
+
Capital Accounts—
'
The
\
+
—
—275,133
Capital paid in__
Surplus (Section 7)
May
2.35
1.15 Mar
1.68
published iii next Monday's issue.
%
225,250
14,205
—250,220
assets
Total
Jan
1.85
•
W}——.
1,205
+
20,098,244
deposits
Deferred availability items—
Other iinb., incl. accrued divs.
Jan
1,230
common
21,979,391
Total
Apr
16
A
S
20,324,392
U. S. Treasui*er—gen.
Foreign
Jan
8c
16
7.25
1947
$
Jan
3.820
5,333
16
•
1948
13,000
R.
F.
premises
Member
Feb
10c
-25
1
May 21,
May
Apr
54c
75
'
or
since
May 12,
securities-
and
Apr
67% May
50c
securities-
Govt,
Jan
4.80
6%c
Deposits:
Max-
45
9%
48%
:
Mar
6%C
47c
898
foreign
notes
Federal
May
12c
Jan
May
46c
—
56
Liabilities—
Jan
48%
w
Feb
6%c
—
Other
8%
'
Mar
Jan
48%
•>.
from
R.
Total
Jan
9%c
_•
Due
S.
67 Va May
105./; May
28
6,338,650
loans
Jan
Jan
Mar
28
1.936,800
Total
4.10
34
27
4%C
for
23%
27%
27%
4.118,993
Total U.
May
Apr
-50
•
100
60
Notes
Jan
60c
1
.
5,520
105
Bonds
Feb
22
;
Mar
67%
Certificates
Apr
4,645
,
93
1.92
46
65
7,703,801
Jan
1.35
49C
Apr
5%c May
18% Apr
45
*
Apr
Feb
securities:
Bank
3.50
Apr
1.20 May
32c
11%
10c
2.80
20
10% May
6%c
54c
33% May
Mar
105
Other assets
Apr
18%
_1
Govt,
Jan
Jan
_s>
Lta_.
S.
Jan
4%
7e
11%
3 % May
60
Uncollected items
9%
20
100
's. *
66
__
288,907
Jan
45
20,900
9%
:
325
advances—*.—
P.
50
23% Mar
9%c
12,125
33
cash
Jan
4%
43c
Resources
(G &
2.05
1.00 Mar
Jan
26% May
Jan
10%
»
(Hiram)
3.30
32
Bills
27% May
5% Jan
1.20
Hill
U.
5%c Jan
500
4c
2.90
Gils
Waterous Ltd
3.10
32
loans
Mar
38c
Waite Amulet
Walker
He
21c
2.40
4%
A
Viceroy Manufacturing V——
3.25
gold ctf. reserves
and
May
1.20
steel
Ventures.
20
2.65
Upper Canada Mines—
Vulcan'
18% Mai-
1
preferredpreferred—
United
1.68 Mar
100
40p,
Union
Class B
15,600
20
1,20.
■
;
2.17
—1
Mining
United Corp class B
United Fuel class A
20%
21,355,170
fund
Discounts
Apr
500
2.88
—
12c
Mar
7c
12
class
5c
60c
Jan
27
100
$
Industrial
May
—5
Works class A
Other
May
]0%
4%
Towagmac Exploration
Finance
80
82
26
Elevators
Traders
Feb
Mai-
i
—
Toronto
340
22%
624,221
Total
Apr
67
1.45
__10
_
Toronto
33%
certificates
Redemption
Apr
72
40c
~
Gold
15
35
9c 121/4
27%
Tailors
Top
Toburn
79c
.
May
Feb
33
1948
5%. Jan
-v
Feb
756
1.30
—1
—
13%
Apr
Mar
320
7 VI' c
Mines—
4%
60c
Apr
;,i May
8
Jan
2%
22%
Assets—
Gold
Apr
80
17c
18
Apr
82
3c
3c
—
Mines
_;
25
Increase (+ )
21% May
14%
17c
—1
Thompson-Lundmark Gold Mines.
Thurbois
300
8,400
8%
4% Feb
17% Mar.
20
-
Oil
550
2.25
22
May
33 %C Mar
11,800
3%
8
decrease (—)
Jan
2.10
2.11
common
Gold
Canadian
55c
26%
3%
May 19,
'
—1
———
47C
24 %
(In
8% May
79
—1
Mines
68c
Mar
5% Mar
7c
_50c
Gold
49c
82
.
iinii
0
5
74c
14'/8
79%
-II125
*
Gold
50 % c
notes
70c
72c
»
common...
—
10
47% May
%
Feb
1.00
14% Mar
Reserve Banks Combined
-5%. Jan
9%
1
Gold
*
8
230
4% May
Statement of Condition of the 12 Feder al
1.56 May
50c
r
Inlet
River
1,18 Mar
7%
*
Steeloy Mining
Sylvanite
17% Mar
19,650
7%
Bros
Taku
145
1.56
56'c
*
Tamblyn Ltd common
20
1.44
1.53
_*
Mines—
8
May
(1944)
Sturgeon River Gold
Sudbury Contact
13.285
May
_
*
Steep Rock Iron Mines
Stuart Oil preferred
200
21%
47 %
4b
Jan
»
^
Apr
1.75
20%
Apr
Mar
*
Canada
39
1.75
20 34
IIII-IIl
Jan
26c
20
Preferred
Mar
May
101%
•34c
Class B
Surf
Mar
3,700
—
class
Cons
24
12,700
«
Sullivan
28
Mar
460
3
4.20
Petroleum
Feb
May
25
Mar
99
J
of
11%
27%
28'
134
21,055
Jan-
9% May
24 3 4
Si
Co
12%
45 c
Stanley
Steel
Jan
Apr
10%
•
33c
Standard Radio class A
Olsen
Jan
48c
Apr
Mar
2% May
May
37
33
25c
Jan
Jan
13% May
24 % Jan
Feb
40c
'
Stedman
*■
May
105
4%
a
Temiskaming Mining
2,598
149
149
4'/a
a
May
9%'
May
Mar
18%
Mai-
147
a
Bros
May
Feb
9%
40
108 I
Feb
1
16
11%
Apr
i.
Oreille
16
10%
20%
a
11% Mar
30c
Standard Paving com
Preferred
Starratt
Price
Apr
40c
Standard Chemical com
Brock
3.20
16
720
a
common
Selections
Pend
33 c
—++.
Stadacoma Mines
Oil
Apr
1.23 May
Apr
Feb
40
——100
Minnesota & Ontario Paper
9
1.50
39
IIII100
11% Mar
150
19% Mar
725
a
common-
Langley's Ltd preferred
Cgilvie Flour
70c
445
2%
a
Steel
Jan
May
22%
2%
Mar
4 %
a
Feb
38c
21%
-
Oil
20c
8.50
10
—
47
Jan
170
«
May
7.20
13%
_
Mar
1.43 Mar
11%
a
_
12c
11
15%
d
44
Feb
Jan
80
_
Paper
International
22% May
Mar
6 Vb
Feb
1,559
1,150
*
-
common
Bridge
Donnacona
May
10
117.+; Apr
Feb
Jan
May
98c
3%
11,492
8
Oil
45
Feb
5%
6%
18
l____
deHavilland Aircraft
14
20%
5%
39
a
Dishrr Steel
FoothiPs
7c
May
—
•
Jan
4.35
Jan
30
Feb
y
Jan
12c
10
Jan
72
5
16%
Mar
Apr
25
295
105
2
Paper
102%
May
50
203
22%'
Coast Copper
Feb
3.70 May
8
30
113 115'/b
III-100
Lumber
Feb
101
5c
common
Western
Consolidated
May
___1
(N) common
Jan
May
13%
Canadian Westinghouse
Jan
18% May
1
Slater Co
5c
101
«
Preferred
Canadian
Mar
23c
Feb
•
Vickers
910
—
_•
——
Jan
4%
17 '/a
1
16
•
Gold
Vt May
2%c May
18
*
common
Marconi
1,585
I—100
Sladen Malartic Mines
May
9c
Apr
3
105
d
I,465
16
P%
—,
Preferred
May
5%c
Jan
Jan
81c
8
,
16
11%
Class B
8c
2.90
Apr
29%
•
tsugar
Vinegars
7.90
23c
;
Simpson's Lid class A
1,343
5%
7.75
—40
A
B
2%c
1
40c
1
class
2%c
100
i
Dominion
15%
5
—
2%c
115 %
14%
__
1
Mines-
225
Pulp & Paper com—"
16
1
common
3%
26% May
Mar
68c
6,500
3%
*
16
:
Preferred
Siscoe
__
*
Mines (Quebec)
Silanco Mining
Silknit Ltd
145
1,500
1.23
Sigma
Silver Miller
46%
12c 12 Vac
1,415
50c
common
v T c
22%
46%
12c
1
Sherritt-Gordon Gold Mines
Slck's
22
—100
Shawkey (1945) Mines
Shea's Wpg Brewery class A
Sheep Creek Gold—
6%c
3%
^
Preferred
Shawinigan Water & Power
: Preferred
6>/4c
*
Canadian Industries
Jan
Mar
5c
13
34
43
__1
Scarfe
6c
*
common
&
Canada
Jan
19
Feb
16
Co
Preferred
Jan
25%
23 'A Mar
10%
San Antonio Gold Mines Ltd.
Mines
21,370
Feb
5c
2.40
Jan
49c
Mar
440
12%
Sand River Gold
__
70
*
——
Columbia
Dalhousie
Saguenay Power preferred
68
Corp
Canada
May
16% Mar
Mar
16%
5%c
10%
__
d
Royalite Oil
Roybar Chibougamau
Rupununi Mines
1
National
Brown
May
May
5%c
11
1
Co
Royal Bank
Ryanor
May
43
d
Oils
Russell
Apr
30'
110
16%
common
Long Lac
Roxana
16c
285
44
12%
12%
500
33
43
4
17c
31
32
Class A
Roche
Feb
28c
17c
A
.
20%
1,500
3,980
Apr
Jan
Canadian Funds
i
class
2.025
7c
Feb
10c
11c
"!
Toronto Stock Exchange-Curb Section
?3c
Silk
Mar
26%
Jan
12c
Apr
5c
6%c
2.15 May
•
Robertson Mfg common
Robinson Cotton
7c
7,000
Jan
101%
Mar
2,o00
2.80
B______.
36'A May
28
97% Mar
6c
2.50
—
class
F60
9C
6%c
Mines
Girl
Mar
5c
Jan
25
May
.
32
22
26,300
'•
warrants
Feb
50c
Yankee
Knitting
21
4
2,590
25%
26
—1"
Mar
32% May
Feb
5c
common
Bear
26%
8c
PC
—
Jan
10c
6%c May
v
80
8c 10%C
,1
York
B
10C
250
v
19V2C
Feo
73c
Mines
Gold
Riverside
101
1
juaiuex
Ymir
British
Richmac
99 %
330
High
Jan
May
67 c
1
—
100
■
64
28
Gold
Yellowknife
Jan
-1
(Jcla
26
1,000
1
36%
28
Mines
Winora Gold
8%c Mar
10%
21 '/a
36
•
Wright-Hargreaves
Feb
15
Apr
Apr
9
21 %
0
com
Winnipeg Electric
Low
32%
100
Winchester
Wingait
100
IOC
31
*
common
—
(Geo)
Wiltsey-Coghlan
17% May
17% May
2.10 Jan
Feb
16%
A
Preferred
Jan
65c
37
Grocers
Class
Weston
Range Since January 1
1:7,000
14c
10c
•
——
Shares
High
i
13c
Mines
Products
Western
Jan
Mar
_
Malartic
Low
13 %C
—1
Jan
56c
May
38c
._
——
Macdonald
Gold
i
4,700
5,300
1
Mining
rtegcourr
Reno
Feb
2.15
10
Labrador
Reeves
20c
DC
.
common-
Gold
Quemont
Mar
44C
0
Mines
Queehsion Gold
10c
1.85
Purdy Mica Mines
Purity Flour Mills
Quebec
63,000
5c
Dome
Quebec
West
42c
1
•;
Quebec Manitou
r
6c
•»
East
Jan
44c
)
Corp
Preston
46c
70c
Rouyn __a._
Voting trust certiifcates_..
Power
Mar
1
*
River
Pressed Metals
35c
1
..
Gold
Wekusko Gonsol
58,307
for Week
Range
Par
High
'
Sales
Week's
Last
Sale Price ■V of Prices
Range Since January 1
Low
2.95
Powell
'
Shares'
40c
68c
-
2.30
-1
_
'
STOCKS-
10c 14 %c
7%C
—.
!t
,
High
35 %c
14 %c
.1
Porcupine
Pickle Crow Gold Miries
Powell
Low
y
39c
Pen-f^ey. Gold Mines—,
Sales
for Week
Range
pf Prices
Sale Price
°ar
Week's
he
heavy
926
\
46
(2290)
THE
COMMERCIAL
FINANCIAL
CHRONICLE
Monday, May 24, 1948
-THE-COUNTER SECURITIES
Quotations
Affiliated
Amerex
American
Business
114
Shares
Shares
series
Fund
Axe-Houghton
Fund
4.46
Loomis Sayles Mutual
4.87
25%
1
Par
6.45
-
2
Inc
Sayles Second Fund__10
Managed Funds—
48.61
Automobile
10%
10
Corp
Corp
shares
8.44
8.91
16.57
18.01
514
57/s
None-Ferrous
3%
4%
Paper
America
*
94.68
98.63
Inc»%,„,,—
1
20.16
21.79
Bowling Green Fund Inc—ilOc
9.14
9.15
17.58
19.01
Inv
Bond
Boston
Tr
of
Fund
Broad
Street
Invest
Metals
Petroleum
Corp—_5
Inv
Century
m
.
V-.rf
,
1
19.01
shares
4.10
5.25
Trust——i—1
30.92
14.38
15.55
Fund-
Christiana
Securities
Preferred
lii
Delaware
'§»
com__100 2,960
6.11
1
Bond
1
16.13
1.53
1.68
15.26
Eaton
•
m
Howard—
&
Stock
6.79
Stock
Series
Fund
26.13
-5
Inc
•IIS
Boston
First
Corp.
4 First Mutual
|"IV?P
5.74
7.24
"
Trust
15.26
16.76
6.13
7.03
Capital
General
1
7.91
1
5.51
5.57
Automobile
lc
6.56
4
6.36
8.94
4.30
11.27
12.21
5.61
General
7.88
&
lc
8.21
industrial Machinery shares lc
11.25
9.64
9.50
Priced
Low
lc
7.24
8.23
lc
5.94
9.00
2.54
lc
4.80
5:59
5.51
4.05
4.:40
lc
5.29
5.75
1
4.71
5.09
Tobacco
shares
Utility
Howe
shares
Plan
Fund
Inc
Income Foundation Fund
,10c
1.76
24.65
Aviation
.
l/S
v
Bank
Shares
Bid
Ask
12.59
1.15%
9-
2-47
6-
1-48
bl.35
1.20%
1.55%
2-
1.15%
2-48
11-
10-
1 47
1-48
7-
1-48
bl.40
1.25%
1.55%
3-
1-48
12-
1-48
8-
2-48
1-48
bl.45
1.30%
1.55%
preferred
Group shares.
shares
11.55
lc
Investment
Co
Investment
Trust of
of
9.6,8
lc
77c
stock
1:20%
11-
14.59
America—1
28.43
Investors Management Fund—1
15.15
15.49
l'.25%
1-48
1-
12-
3-49
1-47
9-
1-48
hi.65
bl.50
1.50%
1.35%
1.45%
1.35%
5-
1-48
1-
10-
2-48
10-
1-48
1-48
bl.55
bl.55
1.40%
1.55%
,1.40%
5-
1-48
2-
1-49
bl.65
;1.50%..
1
10.65
13.61
10.77
B-l
(Investment
B-2
11.80
1
10.26
20.61
13.55
1
6:35
6.96
,1
6.60
7.23
Utility
equipment
7.97
44^
Bid
(Medium
1
27,74
27,
1948
9.72
June
10.93
June
3,
10,
1948
&
bl.00
0.95%
1948-
bl.00
0.95%
1948—
bl.00
0.95%
Aug.
bl.00
0.95%
Trading
5
25
1
15.71
(Geof Fund
Inc
1
*
51.62
Corp.*
Fund
series
85c
(Low
17.32
(Speculative Bqndsi——1
.9.61
K-l
(Income pfd Stocks) ____1
17.35
i
(Appreciation pfd Stks)_l
22.72
B
1
18.09
1
6.39
19.78
(Quality
common
Stks)_l
27.65
20.61
22.53
.1
10.22
10.43
1
17.68
19.29
1
16.44
17.68
30.16
S-2
(Income
com
Stocks)—.1
15.06
Bank qf
16.43
S-3
(Appreciation cpmStks).!
S-4
(Low Priced
Knickerbocker
Corp
Inc
Brooklyn
Trust
Diversified
Series
10
Trust
loo
Trustee
13.73
14.99
5.24
5.73
Series
5.77
6.33
Series
Co
—20
0.96%
Aug.
-12,
1948_
bl.00
0.96%'
19, 1948-
bl.00
0.96%
bl.00
Shares—
2,50
6.97
8.00
1
2.52
2.85
1955
1
108
92%
95%
36%
38%
41%
Trust
0.96%
54%
56%
78%
New
10
Trust
Nat'l Bank
81%
Public
15%
100 1,300
1,360
Title
16%
17
1,540
20
States
53%
225
231,
41%
43%
25
89
41
43
75
77
Guarantee d Trust
United
51%
100
12%
%
49 %
25
&
'
285
Trust_17%
Sterling National
37
170
100 1,490
25
46%
York
13%
10
276
Trust
35
JO
200
,100
Ask
ICO
100
Manufacturers Trust Co
Morgan (J Pi & Co Inc
National City Bank
45%
25
Federation Bank & Trust
Trust
First National Bank
100
—
43 y4
Lawyers
Bid
—
National
Guaranty Trust
Irving Trust
Kings Cpunty Trust-
112
43%
3.63
1
1956
Fulton
Grace
43%
24
Fiduciary
North Amer Trust Shares—
41%
__50
Exchange Bank
Empire Trust V_—
Par
25%
340
& Trust_20
Corn
Independence Trust Shares
Stks)—1
Fund
325
Continental Bank & Trust——10
E
0.96%
bl.00
1948-
Ask
24
100
Central Hanover Bank &
Trust 20
Chase National Bank—
15
Chemical Bank &
Trust——10
Unit Type Trusts—
Bid
Co—10
Commercial National Bank &
,1
com
the Manhattan
Bank of New York_*j
Bankers Trust
9.21
8.42
Union Common Stock Fund.—1
24.79
S-l
III
bl.00
5,
City Banks & Trust Cos.
Par
—
18.93
K-2
New York
10.49
Priced
1948—
21.76
18.90
B-4
1,
95c
A_'_—1
C
Fund
0.96%
1948-
July 29, >948-
July ,22,
0.96%
Aug.
July
53.25
Series
Whitehall
bl.00
87C
50.25
Industry Shares—-25c
Bond
bl.00
1948-
7.27
79c
10c
Investment
1948-
12.72
6.64
8,
15,
51.62
11.76
Ask
July
July
0.93%
28.95
1
Utilities
b0.99
b0.99
3.75
26.92
.2%
.
Investors
Street
3.42
1
t
1948
17,
24,
June
16.89
26.53
B-3
Grade Bds)___l
Bonds)
1
24.32
if
Bid
May
8.87
9.97
,1
Union Preferred Stock Fund—1
28.99
Ask
8.73
1
,1
Wellington Fund
Bonds)
4-
11.67
12.42
1
Wall Street Investing
Keystone Custodian Funds—
Ask
1.45 %
1.50%:
9.76
Series
8.10
Bid
131-60
bl.65
12.33
9.36
Union
30.90
X7.39
Due
15.06
18.81
'
Boston.._1
Dated
8.91
12.36
Trusteed
15.99
Rate
11.30
1
Fund
1.13
Due
13.74
1
10.61
lc
Dated
1
stock
Selected Amer Shares.
86c
1..03
...
:
Rate
12.66
jl
State
lc
Jl
it
.0346
1
equipment
Standard
Group
.0399
.0620
100.0148
i
11.37
series
Republic Investors Fund
Russell Berg Fund Inc..
Scudder, Stevens & Clark
Ltd-~-
Insurance Group shares
Stock and Bond Group.
w
10.72
Sovereign
Institutional
1949
11.49
Petroleum
26.65
.0489
100.0246
100.0451
1
Putnam
1.81
5
-Investors'
Incorporated
;J"
:,a
Federal Intermediate Credit Bank Debentures
7.54
June
5.98
lc
Steel shares
v<
i
.0122
.0545
100.0352
1949
1949
1,
-
100.0015
1949
1,
■y
100.0424
,1
bond
Tobacco
6.07
%:1
1,
1,
11 %s June
5.22
,1c
,1c
Mar.
tl'/as Apr.
Series K—
1949
10.85
Steel
2.77
RR Equipment shares
4 Railroad stock shares
•
Feb.
11%
.0009
1,
9.90
Railroad
9.76
lc
ll'/as
.0008
99.9946
J
.0009
.0119
1948
Jan.
99.9945
1948 Series G
Ask
99.9947
100.0012
,1
supply
Railroad
6.45
lc
shares
Petroleum
l7/es July 1,
Oct.
1948
Bid
Series H_
1948 Series J—
9.22
Public
8.92
.Railroad Bond shares
1,
11 %s
Indebtedness—
1,
10.92
Oils
7.85
.lc
shares;.
Merchandising shares
Mining
shares—
lis
Ask
Bid
100.0081
July
9.96
Metals
10.30
shares-lc
Company
1,
$7/8S
_i
Pacific Coast Invest Fund
10.12
Investing
Us Oct.
12.33
Machinery
Merchandising
8.90
-"Institutional bond shares—lc
.0118
.0539
6,88
Insurance
8.55
shares—
bond
Certificates cf
100.0011
100.0417
8.41
Diversified
8.64
—lc
.1659
1%
1 % %
Inc—
Electricial
6.09
7.97
shares
1949
i/
a
>
4.70
Industry
(1
Diversified Investment Fund.l
6.90
Fully Administered shares—lc
Food
11
1%% 100.1566
1948——.
1,
1
Maturity—
16.76
stock
7.28
121%
Price
Ask
4.42
Diversified
9.69
6.71
Electrical Equipment shares lc
111
lc
shares
Bid
1
Corporate
100.4
120
1961
_i
Building
7.12
lc
Building shares—
Tiv'i Chemical
3s
Bank
8.21
lc
shares.
Aviation
'
4.04
,1
Stocks
L00.1
1949
Aviation
Group
shares
7.80
15.63
Chemical
lc
4.04
___1
Fund
1948
1,
Certificates of Indebtedness—
t%s June 1, 1948
t%s July 1, 1948 Series F
6.35
7.14
1
Automobile
5.91
Securities—
Agricultural shares
3.70
5.81
M
Agriculture
49.33
1
General Investors Trust
if
45.88
Corp
York
15,
Int. Rate
Man.
5.29
1
England
New
6.39
2
shares A—2
Trust Fund—:—-1
P Fundamental Investors Inc
Fundamental
New
2.25
341/2
32 %
10
JSept.
7.32
4.84
Low Priced Com Stock Series
1
28.25
2.06
Financial Industrial Fund Inc lc
6.70
1
Series
Selected Group Series
17.62
Dollar
Maturity—
J Oct.
,1
Series
15,
100.7
U. S. Certificates of Indebtedness
7.42
1
Industrial Stock Series.
26.96
16.48
1
Fund,—
Fidelity
25.21
1
Fund
Balanced
16.67
1
Income
Apr.
100.1
99.30
100.3
8.34
13,79
15.01
Preferred
1%S
Ask
100.26
Panama Canal
10.81
Series
98.24
Bid
1948
1949—
Other Issues
29.77
13.98
Stock Series
r
i,';v
"I;
7.61
12.76
10.00
Bond
98.16
15,
20,
4.95
1
Priced
Jan.
5.07
1
Speculative
jSI
■ill]
point
a
Banks—
5.55
Fund
series
Low
17.44
25c
Shares—
Inc
Sept.
4.77
27.54
Securities—
l>/4s
Loan
4.42
4.60
,1
Fund
Corp
National Security Series—
6.64
1,
Investors
National
145
Investment
Fund
Dividend
Balanced
1,
Feb.
5.04
1
Nation-Wide
3.060
141
—______100
Commonwealth
32nds of
more
Home
l%s
5.06
4.49
X
33.24
1
Ltd
Jan.
4.33
lc
Mutual
Invest
1%S
2%s
4.01
lc
:
Mass Investors Trust
20.83
—1
Fund
Shares
Chemical
V
Ltd!,,
Fund
Canadian
or
100.16
1953-1951,
1955-1953
4.70
100
5.07
4.59
Manhattan Bond Fund Inc., 10c
Mass Investors 2d Fund
Bullock
one
Federal
97.28
1952-1950
4.07
lc
shares
99.26
97.20
1,
4.26
■
Steel
Ask
May
3.69
_lc
shares
Bid
•
l%s
4.25
4.60
Furnishings'shares—- lc
1
Holdings
3.85
Electrical Equipment shares.lc
General Industries shares._lc
1
Blair
Federal Land Bank Bonds—
1%S Oct. 1, 1950-1948-
lc
Business Equipment shares, lc
Drug shares..
I
lc
1
Figures after decimal point represent
49.60
4.38
5
B
Ask
104.52
Home
Beneficial
1
Obligations Of Government Agencies
Bid
102.43
.Loomis
2714
4.00
Fund
*
Oilstocks
A_.._—i
Axe-Houghton
5.88
—10
Standard
I Ask
Bid
1
Inc
Holding Corp
Associated
„
Par
Sescurities
Fund
Friday, May 21
Investing Companies
Mutual Funds—
Aeronautical
for
12
Trust
92
9%
10%
2.93
,100
540
570
f
44'"-
f
Insurance Companies
Par
jio
■f;4
Aetna
Insurance
.,10
—
Ask
__
47%
.,10
Agricultural
49%
51%
.,25
Aetna- Life
■lii
Bid
82%
45
54
Par
Home
—5
Insur Co of North America- —10
Jersey Insurance of N Y
36%
14%
$2.10 Prior preferred
„10
$1.05 Convertible preferred_5
47
50
21%
22%
26%
28%
American
Alliance..
-10
Automobile
—4
Casualty———
—5
Jl%
12%
Massachusetts
19%
21%
Merchant
American
_5
Equitable Assur.
Fidelity & Casua ;y,5
13%
Merchants & Mfrs__
American
of
Newark..
21%
22%
40
12%
Bonding
Fire
.2%
17%
Re-Insurance
-10
30
32
National
American
Reserve.
-10
20
22
National
American
Surety,
62
64%
National
37%
National
Union
Automobile
.25
—J
-10
Causalty
Bankers
&
8
New
New
25
—10
71
74
New
—5
19 %
21
7%
80
Connecticut
2
_
5
Casualty...—2
York
Fire
.—5
15%
7%
12,50
80
Pacific
Fire
25
104
29%
31%
Pacific
Indemnity Co
10
50
,10
89
.10
Reinsurance
32
69
56
Public
3s
Preferred Accident,
164
5
-——10
4%
34
5%
.10
Phila
Frisco— .10
54
107%
57
110%
12%
.*,5..
i5
14%
—
3s__
Service
23
St Paul Fire & Marine
General Reinsurance Corp
.10
26
28
Gibraltar
.10
22%
,5
.45%
47%
Seaboard Surity
Security (New Haven)
Springfield Fire & Marine
.5
10%
11%
Standard
4%
26%
102%
101%
,
Co
100
5%%
pfd
3.70%
102
preferred
3.50%
101%
100
Public
preferred
Service
of
:
103
104%
100%
100%
Speer
2%s
.1977
99%
100%
3s
.1978
102%
,
103
Bid
4,56%
4%%
Ask
106
107%
West
Cladmetals
.1
1%
1%
Firemen's of Newark
Franklin
—
Fire,——
Fire
&
Mari;
,Qlens .Falls
Globe
Globe
2nd
Great
&
Republic-
&
Rutgers Fire
preferred
25
preferred
26%
_*
!
12%
95%
Transmission-—*
Corp "A"
1
Disinfecting
Hartford
Steamboilcr
32
26%
28%
10
—
10
122
31%
126
33%
a
26%
28%
10
-45 %
Odd
lot sale
47.%
30
600
615
Fidelity & Guaranty Co—2
JJ ;S .Fire.—.———,4
50%
52%
52
year's
(not
included in year's range).
eEx-Interest,
range),
change."/n Admitted to trading N. Y. Curb,
32
100
included In
f Flat
bBig yield price,
price,
r Cash
sales
U
S
Guarantee.—
Westchester
Firel__
10
;—2.50 >
(Un) Unlisted
zEx-stock
dividend.. .';: .'
par
76
34%
'A
96%
;
:
■
m
rij
•/
delivery sales (riot
Y. Rtocjk
55
dividend.
,
U S
36
dividend
paid
value, .tin
on
issue,
w
d When
delivered,
w
(not included
in
i When issued,
x
year's range),
Ex-dividend,
t Ex-stock
y
Ex-rights.
"
default.
.IThese
bonds
are
subject
to' all
May,; 10. :
ju'i.
d Deferred
k Admitted; to jistjpg pri
N-
-h
-ram.
ft-*,
•13%
'
81
51
10
10
Travelers
■.
,
13 :
*
"
;»i i <> i ?
■97.
13
..A
common—50c
•
25
81'
30%
10
Fire.——
Hartford
21
76
,5
Hanover Fire—,
78
13'
i,
100
$5 preferred
.
15
.15
corn..
American—
Accident-
-10
■
■
Edison—
Co
Texas Eastern
Tucker
*
15%
.
preferred
Carbon
■it
81 T
14%
Tennessee Gas Transm's'n Co—
Southern' Calif
92
;54
79
Mexico_7
104%
S
'
51
—100
New
'
105%
90%
pfd_<—„50
(Indiana) —
102%
Par
'
99%
104%
Pitney Bowes 4%%
.1978
preferred
101%
104
98
100
24%
American
100
102
Pennsylvania Electric—
3'/8S___ 4983
Stocks—
conv
5%
preferred
Public Service
.1978
85
91%
108 :"
Okla Gas & El
103%
101
82
90
Lt
.1973
Tel
Power
102 %
4%%
106
101%
1977
Lt
&
New England Gas & Elec—
99%
101%
28%
,,10
98%
4978
3%s__ .197A:
2%s
Edison
Penn
&
pfd-100
,103%
Alleghany-Ludlum Steel—
5%
10
Bell
Co
$4.50
Pow
Ask
107
pfd„100
Kentucky Utilities 4%% pfd_100
Monongahela Pow 4.80% pfd 100
97
lp2 %
Bid
105%
15%
21%
2
&
Toledo
36
Florida
105
-J977
3V8
Diego Gas & El 3s
West
.
Reinsurance Corp (N Y)
Republic (Texas)—
Revere (Paul) Fire
104
-1978
Lt
&
Edis(w|-3%s,£__
S'western
59
159
of
Power
Swift
Providence-Washington
.10
Fund
Pow
92
30
97%
Ind'polis Pow
3%s— .1977
4%%
Utilities
_
53
Northern
101%
96%
Potomac
109
..10
&
par
Appalachian Electric Power—
4%% preferred
—100
Birmingham Elec $4.20 pfd_ 100
102%
San
85
53%
.20
Fireman's
Lt
Pow
Pacific Pwr & Light 3%s__
81%
Federal
of
96%
Ohio
24%
6%
51%
Fidelity & Deposit of Md
■
14
22%
5
Phoenix
Assn
100 7/a
Ohio
29
22%
Employees Group Assoc
Fire
.1968
-1967
Kentucky
45%
2.50
River—
2%s
29%
42%
97%
2%s
%
Stocks—
101%
Gas
Louisiana
7%
78%
44
Employers
27
10
10
Fire
96%
Firestone Tire & Rub 2%s_ .1972
36
-10
Inc.—
& Forster
6%
34
Ask
101%
Georgia Power & Lt 3%s_. .1977
lowa Power & Light 3s!
.1978
27%
__
Nat
Bid
Delaware
49%
..10
General
Continental! Casualty
Crum
26
Par
Cudahy Packing
7%
Life— .,10
City of New York..
*44
Consol
29%
7
47
Fire
Hampshire
North
a
27%
(Detroit).-10
Northeastern
——
Fire
Camden
44
4
Brunswick
85
2%
Shippers
Boston
'v<
5
10
Amsterdam
American
Baltimore
V
_
Fire
New
'#1
Assur
Liberty
34%
—5
Bonds—
Arkansas Pow & Lt 2%s_. -1977
Columbia Gas & Elec 3%s. ,1973
15%
19%
American
.
109
„20
American
American
«
common —1
Casualty
American
IP
Recent Security lesues
Ask
30%
57
Maryland
■I
Bid
28%
105
r.rrprm-
Federal
taxes. HEx .$40
cash
'
■
/Volume 16.7
.
Number 4701
THE COMMERCIAL
& FINANCIAL CHRONICLE
(2291)
47
Week Ended May 15
THE COURSE OF BANK CLEARINGS
,.l.
vBank clearings, this week will show
increase compared^ with- a year ago;
an,
v
Third
a
935 249
„
_
*
"1,121.263
1,168,578*
Bancaster
3,582,130
922,000.000
Philadelphia
Reading
tp; qbjtaiiiweekly clear-
gain for the week ended Friday of 31.0%.
Our
com¬
Inc.
"
1946
or
Dec. %
+.
1,110,438
1945
$
t—15.8
,967,919
824,928
' —19.4
1,284,160
1,299,021
+17.8
8o8,818
.
1,390,904
992,307
3,681,360
3,069,365
York
5,536,181
2,268.200
Wilkes-Barre
858,000,000's
3,128,790
7,222,666
—
Scranton.
parative summary for the week follows:'
1947
■
District—Philadelphia-
Chester.
total stands, at $15,^76,246>547 against $12,113,751,480 for the samel week in
1947.v; At this center there is
Reserve
Bethlehem
iin^;wjlf-fce ^6,9%, above tiip?e ;p£ thecOTespo^^
xnary
Federal
Pennsylvania—Altoona
Saturday,/ May 22, clearings
for .all cities of tjhe United States from which it is:, possible
1948
$
Frelimihary figu^s eompiledvby- us,; based ;Upoii telegrapKiphdvices frohi^tbe ch
cities of the country; indicate that for the week ended',
'
•.
2,475,991
975,577
2.7
+
2,651,510
2,125,822
7.5
—
797,000,000
704,000,000
1.9
2,759,430
+ 30.5
4,611,359
8.4
2,385,669
2,487v667
—
—
1,953,765
3,392,226
:i-
2,038,233
5) 146)56o
Delaware—Wilmington
3,969,404
+ 29.7
9,472 888
New Jersey—Trenton
6,936,552'
+ 36.6
6,758,120
5,239,563
6,197,136
5,799,380,
+
6.9
6,349,480
5,139,700
+
7.7
828,114,132
729,009,488
+
4.9
Total (11 cities)
962,184,035
893,021,307
2,020,653
Clearings—Returns by Telegraph
,
\
Week Ended May 22
v
_
1947
1948
v
New York.
.J
%
,
Fourth
$6,094,564,630
657,899,302
Philadelphia
Boston.
-
567,476,225
+
994,000,000
684,000,000
+ 45.3
517,647,718
•,,,422,711,754
+ 22.5
305,314,420
243,768,109
+ 25.3
-—-—.
:
^
Kansas City.
—...
<p
...
'
'■
°n£l£antMn
Cincinnati
15.9
311,222,000
+10.5
Pittsburgh—:—
328,713,577
212,108,116
358,662,905
230,044,025
226,314,557
150,712,587
+ 11.8
5,658,415
4,323,770
269,921,998
0.1
248,363,984
278,108,088
789,588,025
797,233,091
1.0
679,511,080
691,863,587
2,831,883
2,560,140
+ 10.6
11,798,000
11,141,000
107,400,992
5.9
9,572,000
7,117,000
1.8
95,489,744
78,947,859
9.3
2,971,794
2,804,836
208,238,673
3,853,546
202,122,230
3.0
183,223,881
160,065,129
77,049,258
70,713,937
9.0
65,319,709
54,436,405
412,731,911
Total (7 cities)
+ 50.2
$9,166,107,446
+
6,009,339
+ 31.2
—
397,791,845
3.8
358,747,670
305,001,951
2.6
135,998,700
128,320,679
7.1
+
—
256,744,853
253,830,002
23,089,100
19,464,500
+ 31.0
24.5
+
,
3,682,188
2,948,359
+ 55.9
$12,022,277,213
4,093,380
6 720 7^2
27o',308',628
—
+ 55.0
Cleveland
28,241,300
5,097,046
.
Pennsylvania—Pittsburgh
249,500,000
4,868,189
36,991,900
—_
+ 23.6
5.973,840
156,638.973
325,425,866
Mansfield
•y
6.902,235
160,772,956
302,452,927
—
Youngstown
308,400,000
San Francisco....-.-.™-——
7,243.856
*
Cleveland
Columbus
343,848,000
-
Federal Reserve
District—Cleveland—
+ 31.0
$7,081,476,734
Chicago
Baltimore
Ten cities, five days
...
Other cities, five days
—
2,577,130,825
---
Total all Cities, five days
All cities,' one
776,838,509
Bouth
Total all Cities for week
+
$15,376,246,547 $12,112,751,480
Reserve
District—Richmond-
Richmond
+ 28.7
772,003,994
~
Federal
Virginia—Huntington
Virginia—Norfolk
+ 18.5
2,174,649,040
$14,599,408,038 $11,340,747,486
day.———
Fifth
West
109,319,159
Carolina—Charleston.
3,494,938
Maryland—Baltimore—
District of Columbia—Washington
0.6
+26.9
Total'(6
cities)
+
2,170,542
1,630,722
Complete and exact details for the week covered by the foregoing will appear
in
issue of next week.
our
ends Saturday- and the
-
We
cannot furnish
Saturday figures
are
them
Sixth
today, inasmuch
Accordingly, in the above, the last day of the week in all
we
able
are
ended May
<
to
there
was
an
increase
of
5.8%,
the
recorded
a
gain of 5.8%.
an
improvement of 5.8%, in'the Boston Reserve District
of 3.5%
4,582,908
We group
gain, of 1.9%, in the St. Louis Reserve District of 0.1%
| apolis Reserve District of 15.9%.
I
+ 18.0
3,394 461
+ 23.0
2,682,229
2,127,029
4.7
88,316,944
60,660,345
65,339,519
7,483,418
7,456 758
71,758,889
73,498,769
5,544,408
463,457
442 957
4.6
267,795
232,459
114,371,895
108,983 7ll
4.9
104,861,824
93,844,835
619.573,052
603,319,690
+
2.7
523,233,473
449,421,882
+
Total (10 cities)
•K
Seventh
Federal
Reserve
;
In the
following
f
a summary
SUMMARY
Week Ended
and in the Phila-
Federal Reserve Districts
1,460,088
Illinois—Bloomington
Chicago:
Cleveland
Kansas
12th
6,888,553,860
828,114,132
3,860,220
12,563,074
+ 24.1
54,037,085
11,003,634
49,438,105
-10,418,360
37,542,585
3,354,179
25,325,076
13,843,872
2,941,060
2,134,620
+ 11.6
19,930,372
15,715,510
3.3
8,935,533
+ 30.8
971,645
10,702,493
5,621,752
+ 15.4
—
770,996,703
11,435,820
4,565,198
3,809,673
911,683
8,567,832
751,737
0.2
669,988,508
575,061,099
—
2.644,396
+ 10.8
6.8
2,199,096
8,771,694
1,752,012
7,011,324
+ 23.1
3,991,822
3,228,069
+
3,412,804
1,004,706,916
9.7
+
985,797,289
+ 11.6
2,518,275
2,374,942
1.9
847,366,187
,,718,185,237
4.2
226,100,000
205,700,000
+
Eighth Federal Reserve District—St. Louis-
*729,009,488
1.0
679,511,080
3.8
358,747,670
Missouri—St. Louis
255,900,000
267,100,000
Kentucky—Louisville-
797,233,091
397,791,845
—
116,383,854
105,325,260
691,863,587
Tennessee—Memphis.
85,504,866
85,409,281
+
305,001,951
i
Illinois—Quincy
2,142,453
1,829,825
459,931,173
459,664,366
—
+ 10.5
92,320,546
76,485,986
0.1
67,324,359
48,836,832
+ 17.1
1,338,799
1,415,000
0.1
387,083,704
332,437,728
+
'
603,319,090
2.7
+
523,233,473
449,421,882
Total (4 cities).
1,004,706,916
985,797,289
+
1.9
847,366,187
718,185,237
459,931,173
459,664,366
+
0.1
387,083,704
321,030,157
+ 15.9
271,830,787
218,150,367
465,509,291
427,785,526
+
8.8
352,024,692
319,282,504
307,334,051
214,445,482
174,541,055
+
332,437,728
372,237,792
if
ii
ll
Ninth
Federal
Reserve
District—Minneapolis-
Minnesota—Duluth
6,621,190
6,374,987
260,842,153
219,459,491
82,982,114
75,184,275
if
252,832,394
+ 21.6
751,072,887
660,324,560
+ 13.7
587,583,315
14,168,474.919
13,392,931,535
5.8
12,486,370,249
11,419,919,515
6,960,213,599
6,581,448,442
5.8
5,809,714,448
5,097,189,775
ii
10
34,881,000
4,312,801
6,506,181,031
7.7
619,573,052
fi
Franclsc
San
5.8
+
789,588,025
ii
10
Dallas
11th
+
693,021,307
412,731,911
7
City.
7,064,980,435
II
4
10th
459,250,738
7,475,768,463
•
i«
17
Minneapolis—
;
3,409,481
41,434,174
$
$
547,875,867
II
10
8th
%
3.5
+
962,184,035
6
7th
Dec.
■
t
7
6th
529,150,875
4,629,249
6.6
+ 26.7
1,270,802
Total (17 cities).
««
11
4th
$
547,837,323
•
+ 20.0
5,592,746
769,584,305
2,929,816
Decatur
1945
5,588,857
53,270,000 ' +
3,869,271
Sioux City—
Rockford
1946
4,384,675
28,261,831
13,382,953
Des Moines
""
or
«•
12
York.
New
Inc.
6,432,554
6,277,301
59,266,457
Iowa—Cedar Rapids
CLEARINGS
1947
659,217
8,880,165
15,591,381
Wisconsin—Milwaukee
o
1,202,715
—13.1
7,087,292
Terre Haute
an
8.3
+ 10.4
7,441,807
56,764,000
South Bend
and in the Minne-
1,347,900
10,139,454
6,705,096
Indianapolis
Springfield
BANK
$
cities
.12
2d
OF
4,876,033
.
6,468,177
Indiana—Fort Wayne
by Federal Reserve Districts:
1948
May 15
0.4
11,198,202
Grand Rapids—
Peoria
furnish
we
4.5
2,597,899
District—Chicago—
Michigan—Ann Arbor
'
-
h
"f"
-
+
the
In the Kansas City Reserve District there is
•
164,100,000
3,882 686
Louisiana—New Orleans
increase of 8.8%, in the Dallas Reserve District of 21.6%, and in the San Francisco
:•] Reserve District of 13.7%.
41,701,592
194,300,000
3,472,035
81,185, 503
84,500, 825
Mississippi—Vicksburg__
and in the Atlanta Reserve District by 2.7%. The Chicago Reserve District "has to its
a
13,942,171
52,156,629
4.2
Alabama—Birmingham
of
|| delphia Reserve District of 7.7 % In the Cleveland Reserve District the totals are
Jj smaller by 1.0% but in the Richmond Reserve District the totals are larger by 3.8%
credit
14,690,895
+ 14.8
4,176,856
Lansing
j]
+ 11.5
—
85,007,379
Macon
Mobile
aggregate
16,714 516
64,158 273
232,600 000
Augusta
If cities according to the Federal Reserve Districts in which they are located and from
| this it appears that in the New York District (including this city) the totals register
|j
18,643,565
73,626,630
222,900,000
Florida—Jacksonville
clearings for the whole country having amounted to $14,168,474,919 against $13,392,931,535 in the same week in 1947. Outside of this city there was a gain of 5.8%,
the bank clearings at this center having
District—Atlanta-
Georgia—Atlanta
give final and complete results for the week previous—the week
15.j For that week
Reserve
Nashville
present further below
we
Federal
Tennessee—Knoxville—
has to be estimated.
cases
In the elaborate detailed statement, however, which
I
the week
as
not available at time of going to press.
Minneapolis
St. Paul.
516,593,947
3.9
6,152,370
+ 18.9
184,249,755
4,945,489
150,521,267
10.4
66,364,502
51,369,051
+
+
North Dakota—Fargo
cities
112
Total
Outside
New
We
York
now
City
add
.
detailed statement showing the figures for
our
week ended May 15
6,796,194
5,482,419
+ 24.0
3,823,198
South Dakota—Aberdeen
3,361,202
3,106,948
+
8.2
2,557,448
1,881,045
Montana—Billings
3,466,871
2,896,056
+ 19.7
3,168,221
1,445,534
Helena
each city for the
Tenth
Week Ended
1946
or
Dec. %
1945
$
Lowell———,
New Bedford
—;
Springfield
3,871,813
442,494,945
+.
1.2
468,962,262
398,827,237
1,810,274
+
6.9
1,788,854
1,095,115
659,754
+ 39.4
855,348
2,259,256
7,203,054
0.4
2,164,035
+ 18.7
6,720,142
4,902,878
20,675,567
I; New Haven.,——
9,963,612
+ 22.0
9,103,780
26,220,200
+ 26.9
26,015,100
19,653,700
1,536,157
1,286,957
+ 19.4
1,032,200
547,837,323
529,150,875
3.5
547,875,867
+ 11.0
11,605,497
]: Second
—
-
4,318,931
Jamestown
:
York———i
2,952,385
84,528,083
1,778,795
Elmira—————_'
1,886,251
2,554,125 ??
■?
2,151,060
7,208,261.320
6,8X1,483,093
22,872,358
19,122,372
Rochester.
f Syracuse—.
13,790,375
i,
connectlcut-HltamfprijLyw-^—■
New
27,300,236
80,618,464
Buffalo.....—.
New
+
+
Eleventh Federal
13,719.408:
■
,
j
Northern New Jersey.:
Total (12 cities)-i—
i
:
^
3
81,303,640
5,993,852
+ 29.3
4,974,222
79,621,987
3,106,786
9,629,618
+ 40.1
306,613,758
280,916,131
9.1
8,210,938
240,985,400
215,130,391
11,523,714
9,675,861
+ 19.1
6,654,949
2,338,792
13,561,434
Galveston...
1,934,453
+ 20.9
1,775,141
1,720,139
+ 17.3
1,576,370
427,785,526
5.7
1,579,879
Twelfth
1,251,241
—
+ 18.7
\
1,615,504
1,241,660
5.8
6,676,655,801
8.8
+
>
17,512,755
1,124,872
352,024,692
319,282,504
+
:
1.7
+ 12.1
39,303,511
+
8.1
51,352,941
+
S.6
9,498,969
+ 29,2
721,246
7^587,112
if,217,231
10,881,726
•,
.841,469
;
617,281
37,332,214
,,
31,019,064
48,217,618
Federal Reserve
Yakima
—_—
5.8
17.8
6,719,005
2,865,162
+ 21.0
175,563,000
144,375,000
24,877,736
+ 11.8
18,945,680
16,358,518
2,859,000
5,152,000
2,951,862
+ 56.8
3,624,000
+ 51.4
2,165,242
11,314,244
8,347,156
+ 35.5
7,428,555
6,168,294
252,832,394
+21.6
214,445,482
174,541,055
96,403,939
+ 18.6
92,507,802
90,002,528
1,915,081
-
Pasadena
San Francisco
San Jose._„
v
District—San Francisco-
114,358,932
3,713,769
3,646,316
103,614,406
+
1.8
3.458,494
149,273,528
+
44.1
67,824,000
2,658,778
75,408,597
53,990,355
45,235,316
+
19.4
38,397,555
28,526,624
—,
Santa Barbara
Stockton.—
11,912,042
9,398,887
9,484,680
8,029,919
384,759,503
California—Long Beach
370,687,891
11,174,171
10,538,614
4,796,258
8,330,999
12,470,905'
9,715,475
+ 25.6
+ 17.0
8,008,449
+
3.8
i-
5.7
348,453,446
9,234,308
3,866,556
+ 24.0
3,459,707
8,181,366
+
1.8
6,524,079
6,147,919
„
.287,217,000
.
6,526,385
I.!
,,
2,172,931
5,462,280,
39,701,242
Total (10 cites)
Grand Total (112 cities)
+
6,945,640
204,558,000
307,334,051
Oregon—Portland
Utah—Salt Lake City
14,574,376
+
-
4,470,027
Washington—Seattle—
6,3512,729,740
+ 19.7
10,617,823
' 7,064,980,435
+
7,194,011
6,409,643
1,310,345
District—Dallas-
8,078,000
Wichita Falls.
69,550,000
'808,856
7.475,768,463
...
+
8,181,702
Louisiana—Shreveport
1,974,431
70,175,307
'
MewarV
2.1
+
6,717,647
2,637,121
4.6
54,250,596
L
447,257
4,696,936
27,824,078
Fort Worth
459,250,738
+ 46.3
—
42,494,072
Jersey-+Montclaii*i_—
430,321
5,855,579
247,466,000
Dallas
775,057
,
Reserve
Texas—Austin
Total (6 Cities)
30,301,163
\1 Blnghamton———
110,030,100
240,276
258,132
7.6
+ 21.6
465,509,291
Federal Reserve District—New York-
York—Albany...
+
2,018,175
Total (10 cities)
6,878,421
33,275,(400
Hampshire—Manchester
+ 11.4
585,752
7,750,832
13,491,073
Pueblo
16,892,838
25,654,906
12,154,944
__
367,071
6,932,549
112,301,051
Wichita
3,205,334
4.0
I'qnnecticut—HartfordRhode Island—Providence—
City-
5,206,140
+ 15.0
5,350,805
New
4,693,366
218,150,367
630,321
8,432,770
Missouri—Kansas City
St, Joseph
Colorado—Colorado Springs
1,512,419
—
6,154,025
j Total (12 Cities)
6,515,293
271,830,787
508,640
26,671,885
New
4.2
+ 15.9
—
408,805
Hastings...
824,024
4,313,659
8,553,372
-
1,342,042
7.8
2,250,379
Worcester..
0.4
919,483
——■—
+
+
1,934,247
.
—.
1,961,986
4,285,126
447,799,317
—,
—
District—Kansas
Kansas—Topeka
1,970,053
.Fall River—
Hi
Reserve
Lincoln
$
4,618,061
f£|:
Federal
Nebraska—Fremont
Omaha
'Portland
V
Inc.
May 15
District—Boj
Massachusetts—Boston
•
$
at—
Maine—Bangor——
11
1947
$
First Federal Reserve
8,525,981
321,030,157
for four years:
1948
Clearings
8,168,068
372,237,792
Total (7 cities).
3,294,615
6,888,553,860
6,506,181,031
Outside New York
+13.7
587,583,315
516,593,0^
751,072.887
660,324,560
14,168,474,919
13,392,931,535
+
5.8
12,486,370,249
11,419,919,515
6,581,448,442
+
5.8
5,809,714,448
5,097,189,775
6,960,213,599
....
(2292)
48
THE COMMERCIAL
/.
Company and Issue—
Condition Statement of Member Banks
Lake
,
The condition statement of weekly reporting member
banks of the Federal Reserve System in
leading cities
shows the following principal changes for the week end¬
St.
1st
John
Power
&
5'As,
mortgage
York
New
Gas
'
>
preferred stock
Jun
1st
due
3%s,
mortgage
•Announcement
to
domestic
banks
increased
$28,000,000 in the San
Francisco District and $33,000,000 at all
reporting mem¬
ber banks..
A
summary of the assets
member banks follows:
liabilities of reporting
and
or
Dec. (—) Since
,
May 12,
May 5,
1948
Assets—
May 14,
1948
in
this
tVol.
issue.
and Investments—total
Loans—total
Loans
to
brokers
chasing
*
Dividends
first
we
current
which
Then
week.
165. .HVol.
164.
2073
1
§Vol.
Copper
and
and
for
The
dividends
this
week
Acme Electric
Corp.,
5ft
preferred
Advance
Resumed
Aetna
Ball &
5ft
Roller
convert.ble
Alabama
Great
Bearing,
preferred
Co.
6ft
Canada,
Leather
convertible
6ft
preferred
estate
loans
75c
(quar.)
:Other
with
Reserve
■<:
with
21
253
20
+
$4
Co.,
5
—
—
—
—
Applied
Asbestos
3,589
—
18
Extra
360
—
23
202
+
+
931
+
85
+
50
+
40
Arts
Automatic
Bankers
&
_
14
+
424
Common
230
+
155
5%
+
27
181
+
43
501
preferred
Navigation
share
16
+
(stock
Corp.
of
Co.
week
19,975
Class
Co.,
class
A
Borne
Redemption Calls and Sinking Fund
Boss
Boston
&
Albany
Boston
/>/' -y :.
list of corporate
a
stocks
common
called
for
bonds, notes,
redemption,
The date indicates the redemption or last date for makpage number
gives the location in
given in the "Chronicle."
were
Brach
NOTICE
Fonda, Johnstown & Gloversville
1st
mortgage 4s, series A,
due
G.)
&
Stratton
Jun
Bolt
Co.
Ink
Pacific
Common
2028
due 2039_Jun
15
2035
Co.
May.28
2035
6ft
y
Company and Issue—
Date
Page
7
Andersori-Prichard Oil
B/G Foods, Inc.,
Childs
Corp., 414 ft conv. pfd.
15-year 5 ft debentures
stock
Jun
18
*
May 28
1919
jun
Co., 5'A ft preferred stock
Independent Telephone Co.—
mortgage 4'As, series A
1920
1
Silk
Western
4ft
Central
Steel
1st
Charleston
Jun
Merchants'
1
1
J
Debentures
due
Merritt-Chapman
1958
&
(modified)
Scott
Jun
preferred stock, series A
Minnesota-Transfer Ry.— .j:"
1st mortgage 3%%
bonds, dated
National
1584
'
1
1921
1
Sep
1
1924
1
1366
May 27
1st
3%s,
due
Clark
May 28
1973
Tide
Water Associated Oil Co., $3.75
pfd. stock
Wilson & Co., Inc., 1st
mortgage 3s, due 1958
"v^ENTIRE
:.
1926
2035
Jun
ISSUE
1
18
Ashland Oil & Refining
Co.,
Electric & Power Co.,
Butte
July
1
1
Eastern
(2410
112142
4
7-15
6-30
6-15
6-
1
Henkel-Clauss,
6-15
6-
1
Hinde
6-
1
5-21
Home
6-
1
5-20
Homestake
6-10
6-19
6-
Honolulu
5-27
$2.25
preferred
Co.,
Ice
6-15
66-
1
6-19
6-
Huttig
1
6-15
1
7-
2
55c
7-
2
6-
Title
ft
■
ftftftftftftftvftft
* ft4. v-/
ft;ft.p.ft-ft-'ft/ftft
\
■
•Wft'ft"'..
.
•
Conde
wal
7-
2
6-
4
6-30
6-
1
.
/
•
..
*
1
•-
;
1
ft/ftftyftft'ftft/ftft'ftftift'-'ftftrftftftft
5-24
7-
2
6-10
7-
2
6-10
6-21
1
5-28
7-
1
6-10
$1.06'A
7-
1
6-10
6-
1
5-20
6-
1
$1
5-20
6-15
6-
75c
See
Co.
7-
6-21
25c
6-15
6-
6-15
5-28
7-
6-21
1
4
1
Curtis
(quar.i
$1.50
6-30
6-23
50c
—
6-30
25c
6-18
6-
$1
—
Co—
Corp.
1
50c
(quar.)
iBrooklyn)
6-15
—...
Oil
preferred
(quar.)
(Texas)
(increased)
Co.
Pulp & Paper,
&
5ft
Door
pfd.
6-
5
8
•5-26
(Leased
Lines)
Lock
New
preferred
Harvester
7-15
6-30
Investment-Trust
Investors
6-15
6-
6-10
5-29
6-
5
Iowa
Selective
Public
3.75ft.
Irving
(John)
5-20
5-27
Johns-Manville
6-
4
Johnson
6-25
6-
4
Oil
of
Boston
pfd.
—
7-
6-19
Kansas
L——
1
6-21
62'Ac
6-30
30c
8-
2
30c
1
6-
8-
2
20c
6.ft
1
7-
7
7-
7
6-
6-14
Oklahoma
Co.
Ry.
(s-a)
1
25c
6-15
6-
3
Kelvinator
6-15
6-
3
Kerr
40c
6-11
6-
1
Keystone Portland
of
Canada,
6-11
$1.25
of
Insurance
35c
-
,
L
B
53 '/8c
(quar.)
(Ky.)
•
'
4ft
Gold
Kingston
•
30c
6-1
$1
—
•
(quar.)__>
25c
...
6-1
6-15
't.
$6
y
•'5-20
6-
7-
6-25
10-
1
-
0
1
1 :':w" 9-25
6-15
t
6-
1
6-15
'6-
1
6-
1
$3
6-
1
5-22
,
—_
$3
6-
1
5-22
1
A—
$3
6-
1
Co.—
•
j.;
—
25c
5-22
;
6-15
6-
1
*
25c
—
7-
1
6-15
*'
Ltd..
1:37'Ac
-6-18
$3c
6-29
5-31
$2.50
'50c
6-15
6-
6-15
5-28
6-15
5-28
35c
7-
1
$1
7-
1
$1.12%
Mines.-—
7-
1 ../V 6.-11/./
—
Cement, $7 pfd. (accum.)
(quar.)
2nd
preferred
Products
(quar.)
common
preferred
(quar.)
1
(quar.)
Corp.
(s-a)
10c
6-
/
3
1
•
6-11
6-11
ft
non-cum.
;!Lamton
iv; w
•..
Loan
preferred
&
;
.
(quar.).
Investment.tC.o.1
•.
.j,:*.-*
v
.
*
.-
MKCi
i
"••v,
•
6-15
5-25
6-15
6-
1ft
$1.50
—
5-20
6-
5-31
6-10
6-11
5-31
>
•'*
6-15
'
$2.50 ft-
—
(quar.)
i
convertible
4'Aft
2
1
5-28
25c
Addison
Kimberly-Clark Corp.,
6-20
6-
1
6-
60C
Extra
5-28
1
6-
6-15
$2.25
*
—
Keystone Steel & Wire Co.
1
5-28
6-9
.81
i6*15
(Phila.)—
6-
41
6-12
7-
,$1.50
—
AmericaCo.
6-
6-15
75C
(quar.)
—
$1.12'A
<6-21
20c
(quar.)
Gulf
&
preferred A
5-24
37'Ac
_
——
6ft
non-cum. preferred B
(s-a)
6ft non-cum preferred C (s-a)
Kayser (Julius) & Co. (extra)
Kerney (James R.) Corp.—
:
6-10
Z
Manufacturing
1
1
20c
iquar.)
—
Joslyn Mfg. & Supply, common
4'Aft
preferred (s-a)
/
1
6-
25C
common
Joy
50c
6-
35c
6%
Co.,
6-15
$1.75
t
6-15
10c
—
Corp.
5-24
-—
(quar.)
6-15
6-
8c
6-30
6-15
5-14
5
933Ac
6-15
6-30
6-
7-15
6-15
50c
(quar.)
common
Refining
Common
6-11
t60c
(s-ai__
(quar.)
Shoe. Corp.,
1
6-10
6-25
5-26
6-1
Fund—
Service,
preferred,
J 40c
1
35C
5-18
6-11
1
6-
6-10
200 ft
quar.)
Paints,
Co.
:
Co.—
(initial
common
(accum.)-
dividend)
(stock
Common
7-
15c
16c
1
6'A ft
Silica,
5-20
6-12
$2
Co.^i
6-16
1
—
guaranteed" (.s-a)
1
6-20
50c
6-17
6-
31'Ac
1
6-30
$1
iquar.i
—
—
A
7-
56'Ac
1
15c
preferred
Publications
6-
6-21
(quar.i
Ltd., 6% pfd.
Interstate Hosiery Mills (quar.i
6-
30c
preferred (quar.)—
Nast
Oil
International
6-15
6-
1
§
•**-
V
-.
'
.$$$.,80/ „,;v7- 2
'
3
-
.*
6-16
6-15
50c
preferred
Paper
Mining
Industrial
i
Aft
6-30
25c
Stores
$37
(quar.r
Co.
1
5-27
6-16
6-30
$1.75
(quar.i
Z
(quar.)—
Life
7-
6-10
50c
common—
common
$6
2
$ 1.12 'A
(quar.)
pref.
Industries.
$6
50c
:
Insurance Co.
8-
15c
prior
Guaranty Co.
Sash
4ft
4
Quarterly
Common
6-15
:
Illinois Central RR.
6-15
$1.50
—
:>
(quar.).
Inc.,
Co.,
5-25
6-30
'
preferred
Life
6-28
6-10
convertible'
Houston
9
75c
_
l
Co.
5-25
1
40c
—
preference
Dauch
&
Title
25c
Co.,
7-15
7-
(Helene)
5-29
15c
(quar.)
(quar.)
(quar.i
Co._
Controller
Commonwealth
2028
-
pfd.
(quar.)
Commonwealth
' 2129
due
Steamship Lines, Inc., $2 conv.
AElk Horn Coal Corp., collat. .trust 4$, due 1956.^~.«.«-Jun
25C
50c
t
4'4ft
--
1
Jun
Curtis
1:20c
1
Coleman
Page
11
pfd. stock
Department
Helene
10c
6ft
preferred
A
preferred
Corp.
International
(quar.)
-Z
Colonial
due 2024-July
ser. A,
conv.
Hearn
5-24
Ltd.—
Service
5ft
1965
1951^_Any time
preferred stock.July 1
4'A ft
6-12
1
147'Ac
(quar.)
Gas,
Cliffs Iron, common (quar.)
preferred
(quar.i
Cleveland Graphite Bronze,
com.
(quar.)
*
Jun
Co.
Securities
Colonial
1st mtge. 5s,
1
6-
i30c
Ltd.
$4.50
*
Date
Appalachian Power Co., 6% debentures,
7-
+
Cleveland
CALLED
Company and Issue—
Hazeltine
Illinois
1
Class
Electric & Gas Co.—
mortgage
5-21
UOc
(quar.)
City Ice & Fuel Co. (quar.)'
City Stores Co., common (quar.)
1925
Jun
—
Mfg.
7-31
6-12
common
1
25c
common
Co.,
6-15
$1.50
(quar.)
Co.,
non-cum.
Hudson
(quar,)
Transit
Extra
7ft
4'Aft
preferred
6-
75c
Chicago Mill & Lumber (quar.)
Cities
'
ft-ft/ft: South Carolina
$3
1
Co.—
Co., 6ft pfd.
Chateau Gai Wines, Ltd.—
Christiana
Vulcanized Fibre Co.—
15-year 4'4% debentures, due 1960
Poli-New England Theatres, Inc.—
1st mortgage
bonds, due 1958.
Sherwin-Wiliams Co., 4ft preferred stocks
4J4 ft
2'Ac
America—
Extra
2134
Jun
1936-
of
1
Houdaille-Hershey Corp.—
Natural
Wire
&
Co.
Chesebiough
2031
Corp.—
-7 6'A ft
5-13
Paper,
$1.25
(quar.)——
Carrier Corp.,. 4%
preferred (quar.)
Central Bag & Burlap Co.
(quar.)
Chamberlin
1st mtge. 3%s. due 1965__Jun
mtge. 4s, series A, due 1961
Jun
National Properties, Inc.—
Hammermill
50c
preferred
Citizens
Fort Street Union Depot Co.,
Iowa Electric Co., 1st
7-15
75c
(quar.)
Ltd.
Products,
7-
10c
5-28
t$2
Canadian
REDEMPTION
6-15
$1.25
6-16
6-
Quarterly
Canadian
PARTIAL
1
1
$1
1
Permanent Mortgage Corp. (Toronto)
Cottons, Ltd.,
preferred (quar.)
1
6-
7-
25c
7-
60c
Stone,
6-
$1.50
Ry.
6-30
(quar.)
Canadian
1st general mortgage bonds-
Northern
25c
Utilities
5-31
$1.25
7-30
6-15
7-
75c
$1.75
6-15
25c
I
1
6-10
Co., non-cum. pfd
Great Western Sugar, common (quar.i
7ft
preferred iquar.)
Grinnell Corp.
tile
66-
(B.
25c
(quar.i
1
1
6-21
Co.
7-15
+
7-
1
(quar.)
7-30
(quar.)_„
Crushed
pfd.
Great
(quar.)
preferred
Canada
Canada
$5
6-15
(quar.i
California
4
Machine
Razor,
Hart-Carter
—
1
$1.12'A
$2 preferred
iquar.)
Hartman Tobacco Co., $4
Dry Docks, Ltd.—
participating class A
5ft
1991
Safety
5-20
(interim)
6-
1
6-10
(quar.)
(quar.)
5-24
Brooklyn Telegraph & Messenger Co.
Brown-McLaren
Mfg.
(quar.)
Page
preferred
5-29
Ltd.
7-
1
15c
6-15
(quar.)
1
6-10
common
1
Co.,
(T.
&
6-
50c
_
-
1
(quar.)
1
6-15
7-
.
(quar.i
common
1
(quar.)
6-
75c
Co.
7-
Extra
RR.—
Philadelphia Transportation Co.—
ft Consol.
mortgage 3%-6ft bonds, series A,
Pittsburgh, Youngstown & Ashtabula Ry.—
4'Aft
Co..
2
Bright
California
Date
Products
6-
Sons
&
6-
6-11
12'Ac
Fireproofing Co.,
preferred
(quar.)
Gerber
Burrard
TENDER
OF
J.i
6-20
6-15
30c
+
iquar.)
Tile
7-
(quar.)
1
25c
$5
6-
Co.
7-
$1.50
(quar.)
(quar.i
preferred
$1
Casket
1
1
1 $1.25
General
$1
6-
6-
$1.25
$6
50c
Inc.
45c
Company and Issue—
5-29
Power Co.,
15c
(E.
Buffalo
6-15
6-30
6-15
6-15
t$1.38
25c
Co
Burial
com.
&
(s-a i
Brager-Eisenberg,
Briggs
2
$2.50
5-20
14c
Trust-(quar.)
Trust
1
30c
SI. 50
RR
Rent
Estate
Wharf
Boyertown
including those called under sinking fund provisions.
which the details
Real
Boston
■■■
ing tenders, and the
Ground
Boston
/ft
7-
6-26
5-25
1
6-
40c
60c
$1
1
6-
Co
preferred Iquar.)
General
Bottlers,
Inc
$1
6-
1
62 »/2c
6ft 1st pfd.
Paper Co
Brick
1
25c
6-22
81'Ac
(quar.i
(quar.)
6-
62'Ac
4
7-
(quar.i
.F.) Co., common
$5
preferred
(quar.i
Grand Rapids Varnish Corp
(quar.)
5-29
1:20c
(quar.)
Goodrich
Scrymser Co
Mfg. Co
5-15
(quar.)
Ltd.,
6-16
$1
1
6-15
1
5Cc
B
Gisholt
—
Club
A
(quar.i
preferred
Georgia
eacn
B
Book-of-the-Month
Co.,
4
6-14
(quar.)
6-
6-
30C
Investors
6-
5-17
Bon
6-18
$1
preferred
1
6-14
Corp
7-
6-30
1
—
Extra
7 ft
(s-ai
Brass
&
25c
Y.i
N.
(quar.)
7-
held.
Aluminum
6-18
50c
Manufacturing Co.—
participating preferred A
$3
Marian
for
5-29
6-28
(quar.i
common
& Power,
Gillette
of
6-
12'Ac
1
6-15
2
6-21
1
7-15
7-
1
6-15
6-10
4
preferred
Class
25C
7-
87'Ac
—
6-
Georgia-Carolina
—
stock
common
Bohn
Ami
share
one
during
.
dividend)
50c
(quar.)
guar,
6-15
Power
5 'A ft-
6-16
2
5-26
Gemmer
6-11
+
Blackhawk-Perry Corp.
and
8
6-10
1
(Syracuse,
Inc.,
convertible
5 ft
8
7-
1
Machinery Corp.—
Gatineau
6-21
15c
1
6-
10c
Stores,
preferred
1
+
7-
25c
5-20
Fair
3'4ft
6-10
5-25
6-15
$1.12'A
6-
40c
(quar.)
40c
(quar.)_
(initial)
com.
6-
7-
+
5-29
1
6-21
3 7'Ac
——
6-15
9
45c
(quar.)
338/1,000,000th
77
—
Ltd.
^
5
6-28
6-20
10c
iquar.i
Beneficial
33
Inc
6-
9
6J-
1
—'14
(quar.)
1
7-
6-
7-
Beech-Nut
Packing Co. (quar.)
Belgian Glove & Hosiery Co. of Canada—
+
1,318
Y.i
5
7-
$2
25c
Fundamental
—r—
6-
50c
1*
6-
1
9
i'20c
7-
6-30
7-
participating class B (quar.i
7-15
6-30
4
$1
Fort Wayne Corrugated
Four Wheel Drive Auto
f5c
6-
Co
Foreign Light
50c
1
9
Corp
Stove
Power
1*
—.—
4
7-
.'
common
class
1*
$1.03
pfd,,—
(quar.)
6-
75c
6-
6-
1
5-24
,7-
Ltd.—
6-15
6-30
7-
—
Smelting
&
6-
6-30
7-
$1.40
$1.50
laccum.)
7-24
35c
A
6-14
7-24
87 (Ac
Stores
Stores,
6-15
10c
4 '/4 ft
Co.,
Co.
$2
$1.12'A
-——^
:
7-15
J25c
1
5-29
(quar. •
6-15
$t75
613
Cigars,
+
~n
Gregg
$1
.
Bayuk
1,674
8,699
4
-
+
156
4
20c
117
—
&
$2.25
(quar.)—
(N.
Food
6-
(quar.)—_
Products—
Co.
Trust
Food
6-
6-
6-10
Co.—
&
preferred
$1.75
Refining
Steel
4
1
r
6-15
25c
(quar.i
$1.50
(quar.)
(quar.)
(quar.)
Investment
6-
2
\ common
Ltd.
Florida
7-
6-
'
Florence
1
7-
6-15
37'Ac
—
Products
non-cum.
1
1
—
Oil
5ft
1
6-
4
6-15
$1.20
7ft
Co.
participating
12-
7-
Co.
Mining
6-15
6-
2
7-15
15c
National
12-15
5-28
7-
35c
RR.,
Insurance
Coe
$2.50
Corp,
v
Ashland
Associates
OS"
6-
$1.25
(quar.)
Corp.,
6-15
Co.—
preferred
demand deposit accounts, except
and
U.
S.
Govt,
accounts,
preferred
Federal
35c
common
Mfg.,
preferred
prior
1,717
1,466
+
39
14,778
Below will be found
1
8
$1.75
prior
Interbank
••
Fabricon
(quar.)
Refining
Woolen
Beatty Bros.,
____
Faber
4
$3
(quar.)
convertible
7%
664
+
152
+
46.373
banks
4
6-
6-15
$15c
Semi-annual
$3
Electrical
44
Foreign banks
Borrowings
to
American
Apex
2,286
XI. S. Government deposits
Interbank demand deposits:
6-
1
*—4 o o
Surety Co. (s-a)
American Telephone & Telegraph
72
+
banks
deposits adjusted
Time deposits, except Govt
1
7-
—
Co.
preferred
+
Liabilities-
Debits
Sugar
7 ft
35"
828
domestic
7-
Excelsior
1
5ft
dividend)
American
9
12,555
Demand
Domestic
Stores
+
Cash in vault-—
Balances
25c
—
1
Finance—
(stock
preferred
2,436
Banks
6-
National
7%
4.228
Federal
6-15
6-15
American
849
26,958
securities
Reserve
6-
6-30
87'Ac
iquar.i
12'Ac
common
Eversharp, Inc., 5ft
6-15
3Cc
;
1
(quar.)
Products
$1.25
common—
1
6-
(quar.i
(quar.)
Evans
$1.50
Co.,
6-
6-19
5-28
933'4c
(Texas),
6-15
1
6-15
Works
Co.
Fitzsimmons
+
—
7-
Co.,
Pittsburgh
First
23
3,809
Coach
&
5-28
+
2,296
Erie
5-28
64
—
3,593
,
Emporium
4
6-
232
T
1
8-
6-
3,717
Loans to banks
6-
1
1
12'Ac
1
Corp., new
Capwell Co
6-15
6-
(accum.)
preferred
9-
5-15
35c
(quar.)
common
Electrographic
2 5c
6-1
$$1.75
(quar.)-^-
Electric
$4.50
1
6-14
American
pur¬
Treasury bills
Treasury certificates of indebtedness
Treasury notes
'XI. S. bonds—
+
(s-a)
2
6-
Erie
(s-a)
+
5-26
Oil
6-14
preferred
474
6-26
6-30
Paso
10c
American
Other loans
$4
40c
—
Dorado
El
6-10
35c
—
preferred
(quar.i
Paper Corp.
(irreg.i
75c
preferred
279
5-26
ft/
50c
$6
for purchasing or carrying:
Government obligations
6-26
6
Eddy
Export Lines, .Inc
Steamship
Co
Locker, class A (quar.)
$6
—
1
1
El
(quar.i_
Inc.,
B
Kodak
75c
pfd.
4ft
& Cigar
3,533
37
58
6-
6-
$4
(quar.)
2,295
13
6-15
6-15
preferred
6-30
6-15
;;
(quar.),,
States Corp., $7 pfd.
Eastman
Co.—
Colortype Co. (quar.)
American Cyanamid. Co., common
3'Aft
preferred A (quar.)
American
6-10
Cos.—
preferred
American Cigarette
6-21
20c
—
(initial)
of
Amalgamated
5-21
5-28
6-11
-__——
preferred
6-
6-11
.
25c
'
preferred
$3.50
25c
(quar.)
Ordinary (increased),
6ft participating preferred (increased)
Allegheny-Ludlum Steel Corp., common
Aluminum
$4.50
4
6-16
5-15 <
1
10c
common
(E. I.) de Nemours
Common
(interim) .v
4
6-30
30c
—r
preferred
(quar.)
Electric Mfg. Co
6-
1
6-
12'Ac
—
Pont
$6
5-31
(quar.)——
—
Industries,
Eastern
6-1
■
Co.. Ltd.,
(quar.i
6-
(quar.)
RR.
Textile
preferred
6-15
1
6-
6-14
——_
(quar.)
Inc.
6-15
12'Ac
com.
preferred
Southern
du
Corp.—
—
+
+
7%
Payable of Rec.
$2.50
—
.
+
+
Dominion
6-10
6-10
$2.50
-
_____
(quar.)
Co. (quar.)-.
Almy Chemical Co. (quar.)—
&
5-24
30c
(accum.)
Harvester
Dewey
1
5-21'
6-21
$1.25
A
—-
_-_
7'Ac
——
(quar.)_
Aluminum
Castings
Inc.
Fund,
5-294
*
1
America—
preferred
2'Ac
(quar.)
common,
Extra
50
480
Detroit
Holderi
of
6-
5-14"
6-
62'Ac
(quar.)
pfd.
5ft
Chemical
Delaware
$2.50
(quar.)—l
Industries—
As^
3% ft
When
Share
,.6-15
50c
Corp. (quar;)
Monte Properties. Co. (quar.)
Del
9-20
6-10
6-15
-——
common
Corp.,
convertible
Extra
are:
Per
Name of Company
Co.,
Co.
(Helene)
Duncan
Common
417
Steel
preferred
Davison
1
4
6•
5-24
(quar.i
Cutler-Hammer,
in
previously announced, but
announced
Steel
Petroleum
Dresser
42
...
table
declared.
agricultural
dealers
second
10-
$1.25
62'Ac
25c
Co.—
»Co
—•
preferred
50c
6-19
_
Corp
Lumber
Range
5ft
a
Steel
Copperweld
166.
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
201
+
Bay
Curtis
follow with
we
show the dividends
we
+
carrying:
or
U. S.
■ft
Coos
1
——
Continental
1851
grouped in two separate tables. In the
bring together all the dividends announced the
~h
Other securities
-
1
1
7-
10c
—
1
7-
10c
preferred (quar.)
Rendering Co.——
Co., $2.50 preferred (quar.)—
7-
10c
•
Consumers
Jun
Holders
Payable of Rec.
75c
(quar.)„_——
(quar,)—
Consolidated
are
23,447
-
U. S. Government obligations
Real
'V
40c
2136
American-Hawaiian
Other loans
:
.
When
y
Share
ft ■
Light & Power
Inc., common
preferred
Crucible
63,174
-
^*4 Other securities
:
$2004
DIVIDENDS
+
,/// Commercial, industrial,
'
40c
American
1947
(In millions of dollars)
Xioans
'
Connohio,
1,'49 1591
Jun
American
Inc. (+)
;
Connecticut
Cosden
$4.50
Borrowings increased $54,000,000 in New York City
$43,000,000 at all reporting member banks.
and
t
*
2031
:
f
1
5 ft
Commercial, industrial, and agricultural loans in¬
$38,000,000 in New York City and $50,000,000 at
all reporting member banks. Loans to brokers and deal¬
ers for purchasing or
carrying United States Government
and other securities increased
$71,000,000, largely in New
York City.
Real estate loans and "other loans" in¬
creased $23,000,000 and $20,000,000,
respectively.
ed
;y
Per
Company ' h >'
Name of
Jun
1961—
Demand
.
Page
creased
deposits adjusted decreased in six districts
and increased in six districts; the
principal changes were
decreases of $174,000,000 in New York City and
$60,0(10,000 in the Philadelphia
District,' and increases of $47,000,000 in the Kansas City District and $36,000,000 in the
Dallas District; the decrease at all
reporting member
banks was $156,000,000.
United States Government de¬
posits increased in all districts. Demand deposits credit¬
Monday, May 24, 1948
Electric
&
Ohio Power Co., 6% debenture bonds, due 2024—
Standard Oil Co. of Kansas, preferred stpck
Wisconsin Michigan Power Co.—
Holdings of Treasury bills decreased $144,000,000 in
New York City and $51,000,000 in the
City of Chicago,
and increased $35,000,000 in the San Francisco District
and; $33,000,000 in the Chicago District outside the
City
of Chicago.
Holdings of Treasury certificates of indebt¬
edness increased $39,000,000.
J!
yi.
--July 1
;
,
Lignt, Heat & Power Co.—
Purchase money 4% bonds, due 1949—
Anytime
Oak Mfg. Co., 5ft convertible debentures, due 1955——Jun 15
May 12: An increase of $201,000,000 in loans, de¬
creases of $152,000,000 in holdings of
Treasury bills and
$156,000,000 in demand deposits adjusted, and an increase
of $230,000,000 in United States Government
deposits.
I *-4
Date
...
Co., Ltd.—
A—A-,-—
Paper
series
Longwood Towers Co.,
ed
•fili
& FINANCIAL CHRONICLE
hawrence (A. C.)
•
•*&■&>—4—4-..,—
r
Leathei^;^L1aJ,-w.t-'-.-4si.„-. •
^4,..;...-...^
.
t
,r.^
^
-
f 40c-4': 6-14V.> 5-28
I
Per
Name
Share
of Company
Bros.Ltd.
Lewis
$25c
(quar.)
When
Per
Name
6-10
5-21
$1.75
37VaC
15c
7- 1
6-15
7- 1
6-10
6- 1
6-15
Second
Liggett
& Myers Tobacco Co.—
preferred (quar.)
Lily-Tulip
Cup
Corp
.•
Lima-Hamilton Corp.
(quar.)
7%
Lindsay
<C.
W.)
Co.,
&
preferred (accum.)
Lorillard (P.)
Co., common
:
7.% preferred
Los
Title
$1.75
7- 1
6-10
$2
6-15
6-15
5-27
6-1
15c
Liquidation (liquidating)
Marine Magnesium Products
Marsh
(M.)fV& Sons (quar.)
McBee
Mercantile
6'A
Acceptance
preferred
1st
(quar.)
Corp.
B
(quar.)
(quar.)
Mergenthaler
class A (quar.)
!____
Linotype
Machine
Mesta
Co.
—
Co._
;
(quar.)
Steel
$3
Singer
30c
25c
25c
75c
62V2c
Steel
Extra'
preferred, (quar.)
Refineries, Inc.—
$1.50 convertible preferred
(quar.)
Miller Mfg. Co., common (quar.)
;
'
A
6- 4
6- 4
6-16
(quar.)___—L—
Southwestern
Electric Service
(quar.)—20c
Southwestern Investment Co. com. (quar.)
20c
Milliron's
(D.
Minnesota
Power
&
Sunset-McKee
6-30
6-18
Sunshine
7-15
7- 6
Superheater
Sutherland
pfd.
5%
Mississippi Glass Co.
(irreg.)
Mississippi Power, $4.60 preferred
(J.
Mojud
S.)
Co.,
(quar.)_
preferred
pfd.
4',/
Standard
$1.25
7-
1
6-
1
Line, Inc.,
new
(initial)-—
50c
(quar.)—_
common
$1.18%
25c
(G. C.) Co., 4%% pfd.
Muskegon
Piston
Ring
(irreg.)
Muskogee Co. (quar.)
Namm's, Inc.
(quar.)
Nash-Kelvinator
:
6%
Fire
National
Grocers
National
6-15
6-10
Tennessee
6-
6-16
6-11
7
6-12
6-
6-15
6-25
6-
1
Co.,
(Conn.)
Ltd.
Malleable
Steel
&
Oats
Radiator
7- 1
7-1
6-15
$1.50
iquar.)
convertible
6-9
$4.50
prior
7-1
6-9
Common
6-2
Preferred
6-
15c
1
6-10
6-
3
37'/2c
6-10
6-
$1.50
(s-a)
7- 1
6-15
1
Union
tax
of
the
South
net
46V4c
Co.
preferred
$2.25
(annua!)
A
iquar.)_
com.
Ltd.,
5-28
6-10
iquar.)_
Economic
Corp.
Eastern
preferred
Chemical
Electric
Pipe
com.
6-11
Ware
1
5-14
Waukesha
7-15
7-15
6-
125c
7-2
6-1
$1.50
50c
7-15
1
Co.
Co..
7
Western
Germantown
6-14
Whitin
1
6-15
6-16
6-1
6-14
5-23
7-
Metallurgical
Powdrell
Co.,
7-2
6-4
Wisconsin
Power
6-10
Woodward
Ltd.
Pratt: Food
Co.
(quar.)
Paper,
Ltd.,
Public Service: Co.
Inc.
Pullman^
$4.75
5-31
6-
1
6- 4
6-15
1
6-28
6-15
6-1
6-15
6- 4
6-
1
Below
Bros.; Tnc.
Co.
of
Inc.
iquar.)
$1.18%
6-15
6-15
5-28
5-28
Acme
3772c
6-12
5-28
Adams
Stoker Corp
1
6-
1
6-30
6-18
7-1
6-3
7-1
6-3
Acme Glove
6272c
6-18
5-25
6- 2
6-11
6-
2
7- 1
6- 1
6- 1
6- 1
6-12
6-15
5-21
6-30
6-10
$1
6-11
5-28
50c
6-10
6-
$1
6-15
6-4
10c
6-15
'5-31
50c
6-10
5-24
6-
5-21
1
preferred
(quar.)
American
Safety
Razor
Service
(participating)
4%%
Bottle
preferred
common—
Steel
(J.
Co.
(quar.)
Thread
preferred
5 '/o
Co.,
Tobacco
Co.
(s-a)_
(quar.)
(s-a)
5%
preferred
Bearer
6-28
6-28
7- 2
6-15
6-8
(quar.)—
(reduced)
Class
A
5%
Allied
Co.,
preferred
—
Ltd
Anglo-Newfoundland Development,
Anheuser-Busch, Inc,
Apex Smelting
Co.
(quar.)
Arcade
Cotton
Mills,
Common
(quar.)
(quar.)
Common
common
•.
(quar.)
t'i'o
preferred
(s-a)
6%
preferred
(s-a)_.
Archer-Daniels-Midland
When
Holders
20c
tl3c
(quar.)
(increased s-a)—
30c
(quar.)
25c
25c
$1
1
Stores
Corp.,
Allis-Chalmers
314 %
Alpha
4%
Mfg.,
Portland
Aluminium,
Steel
Armco
Armour
new
.
comihon
11
6-15
6-
I
6-24
6-
4
1
5-21
5-31
5-14
7-
.
6-
1
6-
1
5-28
5-
7
6-15
5-28
7-
1
6-24
7-
1
6-
1
5-10
7- 3
6-2$
7-
3
6-2$
6-
1
5-20
8-
2
11-
1
$1,816
50c
53VaC
12Vic
75c
75c
$2.25
30c
5-29
G-
1
6-12
6-30
6- 1
1
9.-15
5-25
5-25
7- 1
6-11
5-10
5-10
10-
6-14
5-25
(111.)
(initial)-—
preferred
(quar.)
Cork Co., common
preferred
(quar.)
$4 preferred
(quar.)
Aro Equipment,
4Vi% preferred
$3.75
Artloom
Corp.
Ashland
Oil
(quar.)
(quar.)
&
Refining
(quar.)
Associated
Dry Goods Corp., com.
preferred (quar.)
preferred (quar.)
Associated Spring Corp.
(quar.)
6'fa
(quar.)__
1st
7 %
2nd
Atchison
Topeka & Santa Fe Ry
-—
Athey
Products Corp
Atlanta Gas Light Co., common
4 Vi %
preferred (quar.)
Atlantic
Coast
Line
Co.
Atlantic
Coast
Line
RR.,
Atlantic Gulf &
(Conn.)
com
West Indies
preferred
non-cum.
Refining
10-22
1-21
-
6-30
6-1?
6-30
6-17
5-26
5-12
6-
1
5-10
7-23
6-16
6-10
5-17
Powder
Atlas
Tack
Co.
(quar.)
Lines—
9-30
Ltd. (quar.)
Service, Ltd., class
Mines,
A
57«
Co., 5% series A conv. pfd. (quar.)
series B conv. preferred (quar.)
conv.
preferred C
6-30
Avon
(quar.)_
(increased quar.)
convertible
preferred (quar.)
Manufacturing Corp.
(irreg.).
Allied Products (quar.)
$1.65
Avondale
Mills
(monthly)
Monthly
V.
D.
472 70
—
(B. T.),
Baldwin Co.—
12-18
6-
5-20
1
6-
5-10
1
5-15
6-15
66-
4-30 >
1
1
4-30
6-15
5-31*
6-15
$1.50
40c
93%c
$1
56%c
25c
25c
40c
$1.50
$1.75
30c
$1.50
25c
30c
$1.12'/2
$2
$1
5-14
7-
6-19
1
6-
.
1
5-10
6-15
6-
I
6-15
6-
1
6-
5-20
1
1
5-1T
6-19
6-10
6-
1
5-14-
6-
1
5-14
6-
1
5-14
6-
6-10
6-
1
6-
5-
6
2
5-27
5-17
5-21
6-
1
6-
1
5-21
6-14
5-19
6-14
5-19
1
6-15
6-
6-15
5-21
6-21
5-28
6-16
6-30
6-10
5-26
50c
t5c
$12!4c
25c
25c
25c
25c
5-29
5-15
6-
5-10
1
6-15
5-22
6-
1
5-14
6-
1
5-14
6-
1
5-14
6-
1
5-1&
6-
1
5-26
6-
40c
41 V4c
15c
20c
8c
8c
1
5-20
Inc. (quar.)
5-
5-24
2
6-
1
5-15
6-
1
5-15
7-
1
6-15
6-
1
5-19
6-
1
5-19
7-
12Vac
$1.1272
30c
Corporation, common (quar.)
prior preferred (quar.)
Babbitt
6-23
12-23
Works—
Gear
Common
Avco
12-18
12-23
50c
(quar.)
Autocar
Automotive
9-24
■
56'/4c
Co
Electric
Auto
1'1
6-23
6-30
$2.50
37'/2c
40c
(quar.)
(quar.)
Corp.
Gold
Aunor
6-
6-15
SS.
(s-a)
Serial
Atlas
1
6-10
6-30
67o
$1.50
7-15
6 %
$1.50
$1.50
$1.50
10-15
9-30
1-15-49
12-31;
5-14
preferred (quar.)
pieferred (quar.)
preferred (quar.)
Balfour Euilding, Inc.
(quar.)
6%
Portelain Steel
Baltimore
convertible
(quar.)
America National
5-25
5-14
6- 7"
Bank
6- 5
6-10
6-5
5-21*
5-15
5-7
Barber-Ellis
of
Trust
&
Co.
Canada.
of
Ltd.
(quar.)—
Extra
Barber
6-
B
7-
1
10-
1
9-14
1-2-49
12-14
6-
1
5-15
6-
1
5-15
7-
7-20
1
7-
1
6-10
7-
$1
1
6-10
Savings
(increased)
Association
8%c
8%c
8%c
5c
15c
40c
$1.75
preferred
7%
5-29
Corp.—
preferred (quar.)
77c convertible preferred (quar.)
7%
convertible preferred (quar.)
Baltimore Radio ShoW, Inc., com. (quar.)_
67c preferred
(quar.)
Bangor Hydro-Electric, common (quar.)
4% preferred
(quar.)—
77c
6- 1
6-30
t50c
1-31-49
—
prior
Armstrong
6-11
25c
7-23
$1.50
$1.50
$1.50
25c
53VaC
50c
(quar.)
Corp.
Co.
&
convertible
$6
$1
40c
(quar.)
Cement
Ltd.,
6-
Farms Co., $3 partic. pfd.
(quar.)—
75c
Corp. (quar.)
50c
Corp., Ltd., common (nuar.)
tl5c
4Vi% convertible preference (quar.)
t$1.12Vi
Arkansas-Missouri
Power
(quar.)
25c
50c
preferred (quar.)__
(quar.)
common
convertible preferred
J.
6-15
Oil
81'/4c
Extra
Allied
6
6-
Arden
Payable of Rec.
5-20
6-10
5-14
5-22
6-15
4-30
$2.50
Inc.
ft
6-15
Argus
Imperial Diesel Engine Co.—
A
preferred (quar.)
6-15
7- 2
(quar.)
Laboratories,
Mills, Inc..
4
9-
12-
25c
Co.
Atlas
$$1.25
125c
£50c
$1
com.
6-
9-15
12-15
$15c
f$l
25c
37Vic
$1
$1
$1
$3
$3
(quar.)—.
5-21
5-21
5-25
5-28
6-16
6-16
5-27
6- 1
6-1
6- 1
6-1
(s-a)
Allied Finance
5-21
Anglo-Canadian Telephone Co.—
CorpCiuvion
7- 1
7-1
(quar.)
Ltd.
7-
tl5c
prior
Atlas
t6272c
£37720
(quar.)
Mfg. Co.
5-21
1
Co.
preferred (quar.)
6% prior preferred (quar.)
6% prior preferred (quar.)
Anderson-Prichard Oil,
common
4%%
preferred (quar.)
Andian National Corp., Ltd.—
6%
B.
Works, Ltd., $1 preferred (s-a)_
D.)
3
1
6-
50c-
Atlantic
Ltd.—
Co.,
6-30
7-15
6-
Co.—
Preferred
6-25
Akron Canton & Youngstown RR.
Allied
Philadelphia—
(quar.)
1
7- 1
6- 1
6-11
Share
Paper
Agnew-Surpass Shoe Stores,
7-
30c
(quar.)
Co. (quar.i
H.).
.
&
Sugar Refineries, Ltd.—
preferred
(quar.)
A partic. preference
(quar.i
5(/o
Class
(quar.)
6-
5-20
5-20
Acadia-Atlantic
5-28
50c
1
we
prior preferred
(quar.)
preferred
(quar.)
6- 5
Company
<H.
6-
25c
Textile Corp., common
preferred A (quar.)
Robertson
$1.50
5-22
Semi-annual
Motors)
$2.50
5-27
25c
Reliance? 8 Insurance
Richardson
5-27
6-15
1
(quar.)
(quar.)—_—
Coke__.
&
Power
6-15
:
.
Wire
&
Name of Company
Abitibi
6-15
12'/2c
6-
Per
6-15
(increasedi
Co.
6-12
6-23
6-1
6-.16
6-15
6-15
5-21
5-26
5-28
give the dividends announced in previous
weeks and not yet paid. The list does not include divi¬
dends announced this week, these being given in the
preceding table.
S50c
45c
;
(quar.)
common
3
Standard Sanitary—
&
(quar.)
Automatic Canteen Co. of America
50c
preferred
(quar.)
Roller! Bit
Riley
6-30
6-10
Steel
A.)
Coal
iquar.)
(quar.)
Raybestos-Manhattan (quar.iReading;Tube- Corp.—
50Ci participating
class A (quar.)
$4
6-15
6- 4
7- 2
7- 7
7-1
6-30
7- 1
7- 1
6- 7
6-15
6-16
5-20
6-1
1
6-
6-11
$2.50
pfd.
4%
of New Hampshire
Publicker* Industries,
Riegel
4
7-
Radiator
57c
(L.
J40c
iquar.1
Lothrop,
Young
10c
Co.,
Light
5%
preferred (initial quar.)
Wright-Hargreaves Mines, Ltd. (quar.)
7-
50c
&
&
iquar.)
6-10
6-12
5- 1
5-10
6-9
7-16
5-20
5-20
6- 4
6-15
$1,121/2
50c
62V'2c
$1.12!/2
28c
50c
$1.25
$4c
25c
15c
1 irreg.)
common
(s-a)
472% preferred
6- 4
t50c
Provincial
Reo
preferred
1
7-
25c
:
Extra
5'!o
(quar.)
A
Common
5%
6-14
20c
Co
Co.
(increased 1
Alexander, Inc. (quar.)
River
Reeves
Brothers,
Wisconsin
50c
Co
_____
Extra
Wilson
6-1
1
J.
(quar.)
Extra
Zeigler
Oil
&
Extra
Corp.
iquar.)
Willys-Overland Motors, Inc.—
$4.50 conv. preferred A iquar.)
5-28
50c
93%c
ilOc
25c
Ltd
Nut & Chocolate
Plymouth
Powell
Gold Mines,
Forgings
Co
Wickes
6-
7-
1
6-12
5-20
6-18
8- 1
6-1
6- 1
6-15
75c
50c
15c
(s-a I
Ry
Works
6-15
25c
(quar.)
Trust
Erie
Lake
&
Machine
6-15
$1.50
A
(quar.)
Co
Estate
6-15
$1.11 V4
(quar.i
com.
preferred
Paper
Extra
Wheeling
25c
(quar.)
Philco Corp.
$4 preferred
Argo
15c
5- 5
Norristown—
&
&
Condensing
5-28
1
7- 1
7- 1
7-10
7- 1
6-15
6-15
7- 1
5-29
"8- 1
6-22
6-11
6-21
6- 5
6- 1
6- 1
$2.50
Inc
Pulp
20c
preferred (initiali
& Trading Corp.—
participating class A (aficum.)
Philadelphia
Fund,
Real
5-25
7-
6-15
6-15
$1
$3.50
25c
20c
25c
25c
25c
t50c
25c
(quar.)
guaranteed (s-a)
Co.
(quar.)
RR.,
Motor
25c
30c
(quar.)
A
„
Western
Petroleum
Planters
6-10
50c
30c
Corp
(quar.i
common
Westeel
6-
Switch—
Circle
Pittsburgh
6-10
$1.37Vk
50c
(quar.i
Water Service iquar.I
Products, Ltd.
(s-a)
6-15
5c
iquar. 1
(s-a)
common
common
Virginia
6-15
40c
A
Iron,
Virginia
6-21
25c
class
(quar.)
(s-a)
preferred
Speoial
West
$1
Corp
preferred
West
River
75c
$1
(quar.')
(quar.i
«—.
Cotton* Co.
Wabasso
7-
1
common—
preferred
B
Wellington
Ltd
Pennsylvania-Dixie
Cement
Pennsylvania Salt Mfg. Co.
Crow
6- 1
$2
Common
8-14
6-10
iquar.)
(quar.)
preferred
&
prior
6-
(quar.)
Line,
Mould
56V'4c
:!25c
8-14
Co.
common
convertible
$5.50
5-20
Co
Ford,
Pittsburgh
6-10
6-20
55c
$2.50
35c
30c
43%c
$1.1272
15c
50c
25c
$2
$1
;
preferred
Corp.,
C-16
8-14
Co.,
(quar.)
& Canal Co.
Enterprises
1
6-30
(quar.)
Cement
Co.
1
0-20
20c
$1
75c
Upson-Walton ' Co.
Valcar
5-25
t25c
(quar.)
B
6-1
Corp. (quar.i
(irreg.)
4'/2%
Co.,
7-
t$1.75
25c
Chemical, class A (quar.)
&
7-
9c
Light
non-cum.
$2.50
3772c
Extra
7%
preferred (quar.)
Orpheum Building Co
-Ottawa Electric Railway
(quar. 1
Otis Elevator Co.,
6%
pfd.
(quar.)
Pacific & Atlantic Telegraph Co.
1 s-a)
&
Visking Corp,
Co.—
Ohio Water Service
3%%
iquar.)
Corp.
Tobacco
Valley
to
75c
Telegraph
Products,
S.
7%
Upson
$4
Africa
amount
Quarterly
Mississippi
Power
Valspar
paid will be approximately
Oakland Title Insurance & Guaranty
Inc.,
7-
6-15
Ltd.—
of
Utah
U.
93%c
Co.
Corp
Telegraph Co.
Steel
5
Gas—
61
(quar.)
deduction
6-30
,
6- 7
6- 7
6- 1
6-10
6-10
non-residents'
$1.25
American Potash
6-10
5c
5-1**
$1.75
25c
(quar.)
(quar.)—
(quar.)
preferred
6-30
6-30
6-15
0-20
be
4Vz%
preferred
7%
American
6-20
Co;
Electric
1
20c
7%
5-17
31c
Jersey RR.
6-
5-20
pfd.
7%
American
fund
$3 preferred
Illuminating Co
7
5-27*
10c
"Co
Paper Goods,
Amoskeag Co., common (s-a)
$4.50 preferred (s-a)
Ampco Metal, 6% preferred
fund
Corp.,
5-
6-15
American
5-28
5-17
25c
New
1
6-11
$1.75
$1.75
$1.75
37'/2c
37Vic
$1
Molasses
American
5-31
$2.50
United
6-
Anchor Post Products
(quar.)
United
4
6-22
6-10
5-31
0-20
United
7
75c
,
Co
Thermos
10c
6-10
5-
2
American
19c
6-15
1
6-15
Meter
American
17c
1
7
6-
$1
10c
American
5-17
(quar.i
Rope
65-
7-
.
5-28
Funds—
Aircraft
5-12
1
6-1
$1.18%
50c
62V2c
75c
5-28
6- 5
5-19
6- 1
_
5-12
5-14
50c
3772c
$1.1272
(quar.)
Louis
1
6-2$:
9
6-15
6-
5-28
C
Wire
7-
25c
25c
6-
1
6-15
A
United
6-15
6-10
6-15
B
Union
pfd. (quar.)
Smelting & Refiping,
Steel Foundries.!
Film Corp.—
Co
stock
5-21
&
American
fund
Hundred
Milk
5-15
fund
O'okiep Copper Co,,
Perfect
St.
5-20,
1
6-
Corp.
American-Machine
7Vo
fund
Northwestern
$1.20
6- 1
5-20
6-11
6-11
6-
American
6-10
1
5-2&
3
6-
75c
30c
Foundry, common
20c
3.90% preferred (quar.)
97Vic
American Metal Co., Ltd.,
common.-—25c
6%
preferred
(quar.)
$1.50
American
6-15
6-15
\
6-
6-15
1-
1
5
6-
6-15
of Del.—
prior preferred (s-a)
Investment
Co.
(111.)
(quar.)_--
Class
Bond
6-30
conv.
preferred (quar.)
Products (monthly)
Insulator
6-17
6-15
5-28
6-
6-15
Leather—
&
Home
6- 8
6-15
6- 1
6-18
6- 5
6- 1
7- 6
6-1
6-15
6-15
5
6-15
each
for
_—
(quar.)
Hide
convertible
6-15
7- 1
6-15
6-28
6-15
6-30
7-15
6-15
7-1
6-30
6-30
8- 2
7- 1
Bond
preferred
&
Co.
stock
5-20
$1.25
pfd.
conv.
6-
30c
(quar.)
American
Bond
Niles-Bcment-Pond
Penick
$3
pfd.
5-20
5-8
6-15
(quar.)
General Corp. $2
conv.
5n29.
1
6-15
$1.75
(quar.)
common
1
6-
—
American
5-20
State
Peerless
5-21
5-21
5-21
6-2
York
Panhandle
$2.50
6'/o
6-15
New
Palestine
Trusteed
5-17
City
Electric
held)
5-1&
$1.50
12V2c
&
preferred
American
5-28
Mining
Ontario
tic
5-21
7-1
Park
Ohrbach's,
Sugar
1
1
Co.
5-31
6-10
5-29
6-10
(quar.)
preferred
RR.
Union
7-1
67-
Hoe
&
share
6-15
7-15
New
&
of
Co.
preferred
Pacific
5-23
.
(quar.)
75c
25c
30c
Common
6-
6-15
Co
Growers, Inc. (quar.)
Electric, com. (quar.)
Stock dividend (2/l00ths shares of Atlan¬
6-1
10c
iquar. 1
Fork
6- 1
6- 1*
6- 5
50c
Ltd.
Increased
After
Coal
Century-Fox
15c
Mining Corp.
(increased)
75c
Electric Corp., common iquar.)45c
3%%
preferred
(quar.)
93%c
New England Telephone & Telegraph—
Reed
Corp.
5-31
Newport
Nineteen
American
American
£37V2C
Car,
Tiling
&4Foreign Power, $7 pfd. (accum.)
preferred
(accum.)
American Forging & Socket
$6
4%%
7- 1
7- 1
6-30
$1.12'/2
(quar.)
6-10
Newmont
3%'/r
American
6-15
Inc
Fund.
Encaustic
Fruit
(s-a)
Co.
Nesbett
.
Insurance
Twentieth
25c
Co
American
30c
40c
(quar.)
common
(interim)
Inc.
Union
Co.__
Steel
National
Natomas
Pickle
preferred
4Vs. 'to
5-31
6-18*
(Del.)
Mills,
6-15
7-10
(quar.)
.
10c
Flour
1
Castings—
Co.
5-21
1
5-31
50c
35c
$1.25r
50c
25c ,1
12V2c
(quar.).
2
6-
5c
—
5-1n
1
66-
5c
(accum.)
com,
50c
Extra
Union
Chicle
American
iquar.)
Service
Public
Tex-O-Kan
6-10
25c
National
RR.
Sulphur
75c
30c
(quarj
Co.,
6-
87140
(quar.)
Extra
Gas
Corp.—
Extra
Title
Cable
&
preferred
Co.
75c
Texas Gulf
Texas
Chain
American
20c
Products & Chemical
Board
5-25
6-15
6- 7
6-15
6- 1
6-1
6- 1
_
6r/o preferred
preferred (quar.).—
Box
American
30c
56Vic
$1.75
(quar.)_
Corp.
50c
il5c
iquar._
(quar.)
(quar.)
Special
6-7
1
(quar.)—
common
preferred iquar.)
Power Co., 7%
preferred
$1.25
Insurance
National
Pet
(quar.)
10c
Truax-Traer
Increased
Penn
Co. (quar.)
Paper Co, (quar.)
30c
(quar.)
Extra
Park
6-1
4»/a%
Times,
(quar.)
National
4%
Telluride
35c
quar.)
(quar.)
',
Tennessee
7- 2.
6-30
7-
Co.
(quar.)
(James), Inc., common
Extra
6-21
50c
15c
15c
25c
50c
40c
$1
$1
$1.25
15c
(quar.)
preferred
6-15
6-16
6-1
10c
37l/2c
Co.
Company
Talcott
1
Corp.—
(increased
preferred
Ohio
6-
5'/<>
50c
50c
Inc
Mining
&
37Vhc
—
(quar.)
J20c
Discount
Common
5%
6-12
7- 1
7- 2
7-1
6-7
7- 1
6-21
Swift
Corp.
Tacony-Palmyra Bridge,
Class
A
(quar.)
25c
(quar.)
Straus-Duparquet—
convertible preferred
National
!
Corp.
50c
$1.15
J75c
$2
7- 1
7-15
6-15
Webster,
&
5%
(quar.)
_____
Insurance
Payable of R&c.
Share
Convertible
(A. G.) & Bros., Inc.—
quarterly
Stoker Co., Inc
Sunbeam
5-14
20c
62V2C
50c
common
Corp
Murphy
Nathan
(s-a)__
(quar.)
Products
Munson
(quar.)--
(quar.)
Birmingham RR„
Hosiery Co.,
5%
Motor
Ltd.
(quar.)
Increased
6-15
6-22
6- 1
6-15
10c
25c
25c
Common
&
pfd.
6-30
-
Light,
(quar.)
conv.
sinking fund pfd.
5-28
6-18
25c
25c
25c
(quar.—_
5%
6-15
(quar.)
common
preferred (s-a>
Minneapolis Brewing Co
Mobile
pfd.
conv.
—
Co.
5%
55c
J.),
5%
Mitchell
Pacific
6-15
5-27
6-11
6-11
6-11
(quar.)
6-18
7-1
7-1
6-11
6-21
Southern
7- 1
6-10
7- 1
7- 1
7- 1
Extra
6-14
6-30
6-1
6- 4
(quar.) —
Gas Co. (quar.)
Natural
5-3i
6- 1
5-14
6-15
5-29
5-24
5-25
6- 5
6-11
6-11
6-25
7- 1
(quar.)
—_____—._
South Porto Rico Sugar, common (increased)
preferred
6- 2
7- 2
6-10
25c
$2
50c
3772c
$1
Laboratories^
French
&
Co.
Spalding
6-2
$1.50
35c
.—
Kline
Southern
American
6- 1
6-14
Soss
8'/«
5-21
75c
$1.50
(quar.)
Smith
3772c
772c
common
(irreg.)
7-1
15c
Co.,
preferred
50c
40c
$50c
2c
6-15
.
6-18
Co.
Beverage,
prior
American
7- 1
Mfg.
20c
American
Corp.—
Stone
Products
25c
7-1,
Mid-West
Class
Publishing
convertible preferred
Mfg. Co. (quar.)—
$1.50
15c
50c
50c
$2
Products
Tube
non-cum.
,'5 8%
.
5-14
American
Water
2V2C
Michigan
;;; $2
6-15
7- 1
6-25
$1
Michigan Associated Telephone Corp.—•
6"/>
preferred (quar.)
Midland
40c
10c
10c
$1.50
10c
(quar.)
Co.
G.)
Simmons-Boardman
California—
of
Merchants Refrigerating Co.,
Class
5c
Investors Second Fund, Inc.__
Company, common
preferred (quar.)
6'/v
$23
___
5-29
5-24
6- 5
6-19
5-28
JlOc
Inc.
& Power Co.—
4%
preferred A iquar.)_j-_
Sheppard-Niles Crane' & Hoist Corp.
Silknit, Ltd.; 5% preferred (quar.)
Simon
(Wm.) Brewery (quar.)_
Shawinigan
6-1
6-10
(s-a)
Mortgage
Lowell
Massachusetts
7-1
7- 1
(quar.)
(quar. )•_.«,
Investment
Angeles
Louisville
t$4
25c
__
Shares,
6- 1
7- 1
6- 1
6-22
Automobile
Holder m*
When
Per
,
(quar.)___
preferred
(increased)
Arch
-.
,
V
.
3Mi%
Aiilines,
American
6-19
6-19
■
^
r
(quar.)
_______—20c
Shakespeare Co.
Shattuck
(Frank
Ltd.—
C 6VzVc
;
1—w.
preference
4%
partic.
Selected
American
Ltd.,
of Company )
American
7- 1
7- 1
.
.
Name
American
15c
$1.1272
(quar.)
series A preferred (quar.)'______—
Canadian International Investment,
$4.50
15c
_
Holders
When
Payable of Rec.
Inc.-—
Vandervoort-Barney,
Scruggs
6-30
7-31
Common
Casualty Insurance Co. of Tennessee—
Quarterly^
—
Share
of Company
i9i
(2293)
FINANCIAL CHRONICLE
&
Holders
Payable of Rec.
Life &
,
COMMERCIAL
THE
Number 4701
Volume 167
6-30.
5-29
6-15
$1-25
*25c
*12fcc-
5-31
v
5-31
6-15
H.)
Co.
X
5-12
6-
1»
15c
6-
I
5-
7
15c
(W.
6-
1
5-
7
30c
6-
1
5t 7
50c
6-
5 '
5-14
10c
20c
G-15
25c
(quar.)
"
Royalite
Rumford
,,Ruud
i
Oil
Co.,
Ltd.
Chemical
J50c
(s-ai
Works
Manufacturing
gchwitzer-Cummins Co.
Aluminum
25c
7-15
7-
1
25c
6-11
6-
1
20c
5-29
5-19
$1.10
7-1
6-4
Aluminum
JJLUt(''/ 25c
6-17
6- 7
Amerex
Co
Safway Steel Products (quar.)
St. Regis Paper Co.—
4.40% 1st preferred series A (quar.)
1
-t,,
$3.75
Aluminum
4%
Co.
of
America,
preferred
Co.
of
preferred
common
(quar.)
Canada,
:
—-
50c
933/4c
6->10
7- 1
5-20
6-10
-
Inc
(s-a)
n—
Barlow
&
—-
class
5-1
Earnsdnll
15c
6-15
5-21
Basic
70c
6-10
5-17
Batavia
J25c
6-1
Manufacturing,
Seeiig
common—
Extra
$1.20
Ltd.-—
(quar.)
'Industries^
Holding Corp.
(quar.)
Oil
A
(quar.)—
Co.
Refractories,
Body
Co.
—-
(quar.)
Inc.
(s-a)
(quar.)
jC-J'
—
'
6-
l"i
6-
1
5-15
4
50
(2294)
THE
COMMERCIAL
&
FINANCIAL CHRONICLE
Monday, May 24, 1948
:©;
"
f
Per
-
°f Company
,
s/iare
,
When
Holder4
Per
■Payaible 0/ Rec.
Name
Bathutst Power & P&per Co., I«td.—
Class
Beau
A
(quar.)_
Brummel
Beaunit
$37%0
Ties, Inc.
Mills,
Inc.
(qu&r;)>—
4% %
'
Belding Corticellii litd.j
7%
preferred
common
(quar.)
;__/-
7- 2
12%c
6-
1
1
5-15
Berkshire'. Pine
Bessemer
4%
'
Spinning
Limestone
preferred
'Bethlehem
5
$2 conv. preferred
7%
&
Steel
preferred
6%
Bird
2
350
2
1
1
1
5-10
5-19
$1.75
7-
50c
7-
1
7-
1
6-19
(quar.)
1
6-
4
Chickasha
Carpet—•
(initial
preferred
(quar.)
Mfg.
50o
(quar.)
Co.
6-
1
6-
1
15c
7-
1
6-18
6-
1
5-15
$1.50
..
-
Son, 5% preferred
Birmingham Gas Co.—
5-17
Black-Clawson
',1, Black
&
Decker
Extra
-
Black
Hills
Black
<>•
Mfg.
4JA%
Bloch
eo/r
(quar.)
6%.
Fund
Trust
of
5-20
5-20
&
6-12
6-25
6-
1
5-14
15c
(s-a)
—
5-25
4>-30
5-14
6-15
6-
6-19
6-
30c
6-
j$l
6-
62%c
Rubber
Bruok
Co.
(irreg.)—
Co., common
preferred! (quar.)
$5
93%c
7-15
7- 2
common:
Hill
Co.
6-
1
6-
2
Sullivan
Mining
(quar.)
common
&
Cone
12%c
Corp.,
common
(quar.)
37%C
Water Co.,
7%
preferred
Forge
Co:,
il'V
Canada
Foundries
5
5-
1
5-18
6-1
5-
5
6-15
6-
1
Forgings,
(quar.)
Ltd.—
Malting Co.,
Ltd.
(quar.)
*■■>*
r
,
,
-
Consolidated
6-
1
}50c
7
5-31
Breweries,
Canadian
Chemical Co.,
Canadian
;
Canadian
-
Class
>:'
4 y2 %
Class
(quar.)
Ltd., pfd. (quar.)__
Fairbanks-Morse, Ltd. (quar.)
Food
Products, common (quar.)
A
Machine
Co.,
Canadian
"
j
7%
5-28
Continental
Oil
5-28
Cook
&
1
Industries,
Ltd.,
6-15
6-
1
5-
1
6-
1
5-
1
tl7»/2c
Co.
Canadian Malartic Gold
Mines, Ltd.
Canadian Motor Lamp Co., Ltd.—
(s-a)
7-31
7-15
t$1.50
6-25
$$125
6-
1
$2c
6-10
5-19
tl5c
__
6-15
5-25
Crane
$l5c
9-15
Quarterly
■
8-25
n5c
12-15
11-25
/Canadian Tire Corp., Ltd.
.
Lumber
4 xk%
preferred
Carpenter Paper Co.,
Crown
5-20
Crown
6-17
Crown Cork & Seal
6-10
6-1
Crown
Overall,
Crown
Zellerbach
6-
1
5-15
25c
7-
1
6-19'
1
Carson, Pirie, Scott & Co.—
Cassidy's, Ltd., 7% preferred
Catelli Food
Products, Ltd.,
%■%-. 5% preferred (s-a)_j.
v/Caterpillar Tractor
(quar.)
Central
Central
4%
Illinois
Light,
Public
preferred
Central
.
^
Illinois
3.40%
New
preferred
4%%
pfd.
Service,
York
1
common.
Central
preferred
States
Corp.—
(quar.)__
'
6-11
Culver
5-29
5-15
Curtis
6-30
6-18
Curtis
8*1
5-10-
.
//•Zri-'--? /
-
~rf,
'
..v.,-j."
■
5-15
10c
Inc.
6-
5-20
3
Coal
(
■
Dow
5-20;
1
5-20
Dr.
6-
1
5-20
Dravo
6-
1
25a.:.
Securities
5-15
5-15
Dunlop
6-
4
5-21
5%
6-
4
5-21
Duplan
6-10
5-14
Stock
%c,
6-25
6-10
7- t
6-11
'
Corp;
5-11
1
Co.
6-15
6-~i
6-
5-
1
6-
1
5-18
8-
2
7-15
8-
2
preferred
2
8-
,
7-
6-15
9
5-26
B
(quar.)
common
(quar.)
I
Coke
•
guaranteed
5%
pfd.
pimixea
7-
1
6-15*
Equity Corp.
6-
1
5-14
6-10
5-28
7-
6-15
& Heating
Products,
Company (s-a)
$3
20c preferred
Railroad
5'Z
5%
preferred
A
pfd.
(quar.)
5%
preferred
A
1
5-14
6-
1
5-15
A
6-25
6-10
Falstaff
tquar
6-25
,6-10
6-10'
Federal
Electric
6-
Federal Fire Insurance Co. of Canada
6-10
5-28
Federal-Mogul
1
5-17
Felt
5-29
5-14
Co.
Inc.
9-
8-13
12-
11-15
6-11
5-28
5-
7-
1
$2.50
10-
1
18 %C
(quar.)
6-1
6-
ts-a)_
$$1
Corp.
Works
Tarrant
Mfg.
(quarj
at
Rubber
preferred
$1.75
(quar,)
(quar.f..
9-30
$1.25
■
10c
V
■50c.
(quar.)_
750
preferred (quar.)*.
(quar.)
9-17
(s-a)__
7-1
6-18
11-15
8-28
11-
$1.75:*'/
;
6- U
6- 4
,5-17
Fitz
Flintkote
Class
Co.
(quar.)-..
'•
••
"
-
.
O Ai'.-'.l*-
tim&W;
-
~
-
.
5rlQ*v:.\; >V
Class
in '• Sr4-. '!■ /v -
5-1
common
(quar.)
i
4%% pid. (quar.)_»
Canada, Ltd.—
A ' ■(q.uar.)c_-„i
6-
1>
5-
7
6-, 1
5-17*'-
*$1.25
6-
1
5-17*
6-
1
5-15
.
6-
25dt
6-
1
5-21>
50c
6-10
6-15
6-
6*
6-11)
$1.12%.
125C
(quar.)_
1
v-5-28
5-
,4
6
5-
6
5-28
5-
0*
5-28
*
5-
6-
25c vd 6i;
•
1'
5-28
■*
125c
Works
'
5-27
$1
1
7-vl-
t25c
B:\
Pitt-Bridge
•
V
7-1
■$25o5
Extra
Fort
6-
25c
Extra
,*2c;/::6r.l<L
,'5-15
'6-10
$30c
Dredge & Dock Co._^>
(quar.)
of
0-1
6-10
$1
(s-a).
Power & Light,
Ford Motor
4
6-4'
:
40C
Co*'(quar.)
Companyj
$4- preferred
6-
6-15
■
$1
Simons & Connel
Florida
>
Co
«
H.)
6-15
$T
Fittings, Ltd., class A
>;
7-* I>
.
5'
(M.
5
6- 5
—
York
Fishman
6-
$1.12%
(Utah)
Corp. .32 pfd. (s-a)
Carpet Co., common (increased quar.)
5% preferred (quar.)_
:• 6-.18?
7-8
$1.75
pfd.
6-21
.-
Co.—
(s-a),__:
B
6-10
Baltimore—
First Security Corp: of
Ogden
Class
6-12
$1
Co
,6-12'
$3
Dye
(quar.).
(quar.)
A
1
6-22
6-22
$3
America
Class
6-
35c
Cleaning &
&
8*12
6-15
,6- V
20c
Corp
Tire
6-10
35c
j
of
5-17
'
25c
(quar.)
5-26
1
8-16
40c
Screw
9-15
7-15
1
31V4C
(quar.)__II
pfd.
:
5-20
8-
$1.50
$1.25
8
6-10
50c
Co
Firth
5%
7
5-14'
(Syra¬
(quar.)___
Co.,
Extra
First
5-
6-
0-15
5-10'
5-15
7
7-
$2.50
1
5-29
5-
~
Enamel
6-30'
5-13
6-
III
6-15
•
12-31
7-31
6-
25c
(quar.)
Park.
4% %
1- 25-49
1
6-
6-15' ;
6-
8:
6-30
6-30
C
5-13
7-26
37 %c
Chemical
5-
5-14
5-15
Fashion
6-14
1
6-11
5-15
Federal
1
6-
5-29
5-14
a
6-15
5-21
25C
5-14
6-
1
1
1
1
6-
7-
6-
1
B.)
United
■
5
6-
1
6-30'
5-12*
1
6-
6-
$2,
6-
81
6-
A
6-
50c
6-15
B
6-21
(irreg.)
Y.)
Quarterly
Farquhar (A.
5-20
$1 25
IIIIII
(quar.)
6-30;
Class
5-20
5-20
$1.25
Farmers & Traders Life Insurance Co.
Class
1
Corp. (quar.)
Candy Shops (quar.)
Fanny Farmer
Firestone
1
6-
6-18
$1.25
J
Brewing
Co.
6-
I™
Fajardo Sugar of Porto Rico
Co.
'
6-19
~
6-
Finance
-
6-14
75c
(quar.)__
(The)
;
Fairbanks Morse &
N.
1
6-30
$1'
Fair
cuse,
7-
$50c
(s-a)
Co..
5-14
$$1.50
5-15
$1.25
(accum.)
1
5-13/
5-25
5-.
$1
Ltd.
pfd.
6-
6-14
5-
5-17
10c
conv.
6-28
5-17'
5I15'
1
6-15
$1.25
(quarj""
(quar
Enamel
Essex
1
6-
5-25
50c
(quar.)
preferred
6-15
1
I-.
7-15
28c
convertible
5-25*
7-
8k
25C
cunverubu:
6-15
6-
8- 2
15c
4%
6-30
6-1
'
9-15
7- 1
$1
5-20
40c
2
50c
(quar.)
1
30c
5-11;
6* f ;■
$1.02 %
Drug Co., 8% preferred (qua'rJII
Empire & Bay State Telegraph Co.—
R-
$1.05
1
$1.06%
IIII—IIII
Common (quar.)
Emsco Derrick & Equipment*-
5-21*
6-
'6-18
60c
(quar.)
6-11
6-15
5-11
75c
(interim)
4-28
6-10*
1
tl5c
Etnerson
Fenton
6-
6-15
5-12
1
6-
5-29
5-20
7-
5-21
2
6-25
1
40c
5-25
6-10
7-
6-12
common
5-27
&
6-15
7-19
$25c
(quarj"".!
6-
e-
6-15
50c
(quar.)
5-14
28 %C
5-17
7-15
$1.50
__
A
1
1
7-31
$1.50'
(quar.)
5-22
6-15
5-26
$1.75
;
6-
5-22
6-16
6-30
$1.50
preferred"!
Elgin National Watch (quar.)
Ely & Walker Dry Goods (quar.)
5-11
1
21c
4%%
preferred
Electrolux
Corp.
5-27
5-20'
7-
37 %c
5-15
6-10
6-10
$1.06 *4
5-21
7
6-18
(quar.)
1
6-
1
tl'AC
I—I— IIII"I
Stores,
6-
1
5-20
7-
21c
6- 1
Erie
5-21';
1
20c
__
(accum.)
Paso Natural Gas,
4.10Vo
preferred
4%
1
6-
$1.50
93%
(s-a)-*.
&
(quar.)
~~~
A
preferred
Bros.
4V4%
El
6-
participating preferred (quar.)
Edison
5-17
1
25c
(quar.)
Monthly
Monthly
5-14
1.
7-
Ry.—
A
Mfg. Co. (quarl)
Eddy Paper Co., Ltd., class
Edgewater Steel Co.
7-15
5-28
6-15
1
7-
7-15
450
Steamship Lines, $2
Eastern Steel
Products, Ltd.
5-15
1
preferred
7-
7-15
$1.25
(quarj
(quar.)
Eastern
5
6-
1st
6%
6-15
1st
6%
7-15
4%
preferred (quar;)
Eastern Massachusetts Street
Manufacturing
3-
dividend)
1%
Ferro*
Mfg. Co. (Missouri)
(irreg.)Publishing Co., $4 prior pfd.
^
(cash
Oil Co., Ltd.
(initial)
Louis & Interurban Water Co.—
preferred (quar.)___
6-
5-159-30
$62 %o
Picher
6%
4%c
Davis Leather Co.,, Ltd., class A
'!■ Class
B
(quar.)—
*
(s-a)
Leduc
5-28
1
1
$1.12%
East St.
5-25
A*
610-
Ltd.—
Durez
6-15
0-
30c
(quar.)
_
Goods,
Lighting, 5% 1st pfd.
Plastics & Chemicals, Inc.
6-15
2
2
15c
dividend
5-15
$1.75
Atlantic Sugar Co.
Coal
preference
Corporation
1
6-
American Sugar
Darlington
1st
7-
50c
(quar.)
Rtibber
&
2
2
.$!
Duquesne
Tire
7-
8-
15c
common"
preferred1
5-10
1
2
25c
Company
Bradstreet,
4%%
6-1
5-18:
8-
81 'Ac
t$1.25
(quar.)
5-15
6-
6-15
$3
common
$1.50
$25C
(quar.)
Corp.—
1
8
$25c
—IIII
Corporation
preferred (quar.)
4%
6-
$1
Cushman's Sons, Inc., V/0
Metallic Door
c.
Drug
Pepper
6-
25c
"■
.
6-. 1
Co.,
75c
(s-a)
7- 9
$25c
A; (quar.)_
preferred-, (quar.)
Co.
(quar.)
1
:
1
$$1.25
(quar.)
2nd
5-31
(quar.)
8-
$37 %C
17 %C
pfd.
7-
$$1.25
preferred
$3.25
50c
Dahlstrom
6- 1
$"4-
5-21
25c
(quar.)
1
90c
-
Chemical
6-15
1
__I_
(quar.)
$15c
common
1
Ltd.—
(s-a)
75c
(quar.)
7-
Rockaway RR.
6-30
6-
Inc.
prior
preferred
Cuban
Davis
(quar.)
Dover &
7-
(accum.)
6-30*
8-
1-
25c
(quar.)
preferred
7
5-14
850;
1
$1.13
(quar.)
6-30:
7-15
"
90C
Corp.,
1%
7
5-
1
-
1
11-
Federal
Co.
1%
5-
1
6-
$1
5-
1
40C
(quar.)
Pass
preferred
Cuban
6-
Power
Edison,
V/o
,
6- 1
25o
1
25c
(quar.)
Forster
Central Ohio Light & Power—
3.8%
6Vo
preferred
$1,12%
(quar.)-
6-
12-
30c
common-.
7-15
5-34
$25c
Empire District Electric,
(quar.)
5-15?
$250
(quar.)
preferred
(quar.)
Donohue Brothers, Ltd.
5c
&
5-3
c
12c
(quar.)
preferred
Nest
t
v
1
Co.—
(quar.)
1
144 C
_
common
10c
Crum
15c
(quar.)
preferred
$4
Chemical;
25c
Forster, %% preferred
3
6-11
&
7-
40c
(quar.)
5-31-
6-
$1
Tar
75c
&
5-
Common-
37 %C
(quar.)
common
Crows
5-15
6-11'
$50c
preferred
Crum
5-31
1
50c
(Del.)
6-19
5-31
7-
$1.25
(quar.)__
(interim)
6-15
6-15
$12 %c
(initial)—
(quar.)
Dominion
5-25
12 %c
(quar.)_
5-29'
Ltd.
6-11
6-10
5-15
5-17
Ltd.—
(quar.)
25C
6-
$1.25
(quar.)
A
(Chicago)
1
2_
preferred
Malting Co.,
6-1L
5-16
6-16
12 %c
Paper
International, class A
preferred
27%c
—
(quar.)
5%
Capital
Cork
$4.20
non-Cum.
Dominion
1
1
I
$1.50
Inc., com.
1
$$4
1
12
(quar.)
6-
6-10
5-28
t$1.25
7-
67-
93%C
2
75C
-
preferred
Foundry,
$2
$3rc
(quar.)_
5%
6-10
15c
Corp;,
•i7e
7-
5-31
5-10
1
$$3
$1
7-
$50c
5-10
6-10
7-
15C
'(increased)
$1.12%
58%c
(s-a)-
5-10
1
50c
(quar.)
$$1.75
(quar.)_>_
common
Central Arizona Light & Power Ce;—
Common
(quar.)/
$1.10
&
preferred
Corp., class A
5-20
6-
1
6-
6-10
Co.—
1
$1.06V4
6-
15c
Y.,
convertible
1
50c
4y2% preferred (quar.)
Cascades Plywood Corp., common
3%% preferred (quar.)
Central
Cribben & Sexton
6-
7-15
Investment
5-25
6-25
25C
(monthly)
preferred
(quar.)__
Dominion- Dairies; Ltd., com.
37%c
Corp,
$1.12%
(quar.)
common
N.
(quar.)
3%%
preferred
Petroleum
6-
tlOc
Fields
7-
...
J
4%,%
Oil
6-15
25c
62 %c
Extra
45C
Refrigeration ' Corp
$30c
Co
5-11
6-12
tl5c
(quar.)
A
5°/o preferred (quar.)
Dominion-Scottish Investments,
5%
preferred
(accum.)
Dominion" Stores, Ltd.
(quar.)
1_.
Fibre
4%%
Co.
j25c'
Western
Carman & Co.,
f
(increased quar.)
Extra
Canadian
1
6-
50C;
preference (quar.).
Co., Ltd., class A (quar.)
Corp.
Co.,
Creole
Corp.-Seagrams, Ltd.
Cup
33 %C
Inc.
Cory
5-20
6-10
Corp
(reduced)
Coronet Phosphate Co
Corrugated Paper Box Co., Ltd.,
5% preferred (quar.)
5-14
9-11
4
1
(Chicago)
Varnish,
Extra
Goro,
6-11
Quarterly
Quarterly
I
prior
Copeland
6-15
1
6-
Dixie
5-11
56'Ac
Cooper-Bessemer Corp., ppmmon
$3 prior preferred (qua^h
6-30
J$1.75
(quar.)
(quar.)
Canadian
International
Investment Trust,
Ltd;, 5% preferred (accum.)_^
I
1
$50c
(quar.)
com.
Paint
Cooksville
7-
$50c
preferred
Gin,
l1
1
$20c
10-
75c
.Eaton
common
Casualty
7-
Class
/' Canadian Ingersoll-Rand
Continental
Continental-Diamond
Ltd.—
$2.62%
(quar.)-
$7.50
(quar.)
Continental
7-
Ltd., class A__
Co.,
5-21
$3
(accum.)
& Sons
25c
Assurance
Can
5-14
5-28
preferied
(Henry)
Common
(quar.)
preferred
7-
(quar.)__
1
6-
1
Co.
Continental
$25c
Canadian Industrial Alcohol,
?
J183Ac
convertible
7-
$1.25
Ltd.
6-21
1
6-14
6-
Industries—
Power
6-
J25c
1
Dominion- & Anglo
Corp. of America
preferred (quar.)__;
|$1.12V2
(quar.).—
preference (quar.)
Ice
2
2
7-
$500
Continental
$32J/2c
A
Canadian
<"
Ltd.
6-
$2.62%
Distillers
Mills, Ltd.—
Water
preferred
$3.75
$1
(accum.)
6',*■
$1.50
of
1'
preferred
Disston
Container
4%■
preferred .(quar.)
(Walt) Productions—
8-10*
convertible
5-13
t2c
Theaters, 50c class
Power
5-31
Canadian
4%
Disney
5-15
(s-a)
Consumers
5-31
6-15
—
5-10
5-10
37 %c
Glass,
5-15
5-2D
1
1
(quar.)
Consumers
$4.50
5-21
6-
Quarterly
1
2
commons
50c
5-10
5-15
6-
1
Co.-*-
Coppermines
Consolidated
6-
5-15
6-12
25c
Corp;,
40C
(quar.)
Edison Co.
preferred
5-21
6-15
B
Co.
Textile
6-21
5-
6-
6-26
Dominiguez
Paper Co
1
6-10
25c
Co;
0-^7
Gas Utilities
(quar.)
Laundries Corp. (quar.)
1
15c
(quar.)
6-
$$3
Consolidated
6-15
9-
(quar.)
Dictaphone
i'
37 %c
Consolidated
6-
75C
Cement
Car
Motor
5-27
(quar.)
(s-a)
Power
i:
Portland
b-lo
(quar.)
Consolidated
(s-a)
a
T
6%
Consolidated
6-
participating preferred
6-15
(quar.)
Chemical
preferred
(quar.)'
5-
Diamond
6-
40C
6-15
$25c
Class
\
Power
B
common-
Co., common
(quar.)
(quar.)
Dobbs Houses.
Inc.
(increased)
Doernbecher Mfg. Co. (quar.)
Ltd.—
(s-a)_^
5-20
$50c
1
0%
6-15
5-21
(quar.)
Eagle
1
West Land Co. (liquidating).
J$i
Safeway, Ltd., 4J/2% pfd. (quar.)__ $$1.12%
Canada Vinegars. Ltd. (quar.)
J15C
Canada Wire & Cable Co., Ltd.—
«
Class A (quar.)
+$1
1
East
1
North
7-
50c
7-
Canada
5-14'
8-14
(quar.)
6-
5-28
1
Match,
Dun &
5-14
6-15
6-
Diamond
Co;
(quar1.)———
oOc
(quar.)___.
1
1
37 %c
T
Realty
$1.25
!_
6-
J20c
5-18
50c
5-21
$32%c
_•
6-10
1
(quar.)_
6-15
5%
50c
Dow
Consolidated
5-26
6-
5-
25c
Consolidated
$5
11-
6-15
Alkali
6-14
$1.25
participating preferred class A
Class
8-
11-15
1C
5-25
87 %C
5-15
2
8-16
50C
Class
common
6-
$37%c
Canada
$1
50c
Diamond
25C
(quar.)
River
1
(quar.)
9;
Amusements,
preferred,
5-15
(quar.)
6-
$1.50
(quar.)
—
Co.
6-18
1
6
preferred'
Mortgage- &
tZZz
preferred
6-
7-
$2'
Stove
$1
(quar.)
6-
6-15
(s-a)
preferred'
7-15
35c
common
Power
60C'
50c
(increased)
non-cum.
Detroit
Co.
preferred
Consolidated
(quar.)
i'
1'
12-23-
5%
1
5-20i
20c
6-15
6-10
6-
1
20C
15c
•i^Class A (quar.)
Canada
6%
Yards
710-
non-cum.
Common
6-16
50c
6-
50C
34%c
...
(quar.)
Detroit-Michigan
6-10
6-15
25c
15c
common
&
5-
0-30
8IV2C
15c
Canada & Dominion Sugar, Ltd.
■
Connecticut
1
Stock
(Kansas)
5'%
10c
Wyant & Cannon Foundry
Canada Cement Co., Ltd.—
Preference-.'(quar.)
Connecticut
6-
5-31
Derby Oil Co.
$1.12%
$35c
(quar.)
preferred
5
6-10
Denver
RR.—
Congoleum-Nairn, Inc.
Coniaurum Mines, Ltd.
5- "5
5-
$175
(quar.)
Campbell
$1-30
5
1
$1,12%
(quar.)
(quar.)
Power
convertible
5-
5-15
5-28
6-
(quar.)
Corp.
partic.
1
15c
Butterfly Hosiery, Ltd. (s-a)___
Electric. Products
Electric
1
8%
6-
30C*
Cable
California
6-
Mills
Confederation
4
6-
$1
preferred
i California Cotton Mills
5-*4
5-
1
9- 1
(increased)
(s-a)
Inc.,
Carbon
87%c
Burroughs'' Adding Machine (quar.)
Corp.
(quar.)
4%%
1
1
6-
6-15
$1.25
B
87%c
Burton-Dixie
Brothers,
6-
6-
12-23
Union
5-14'
I
1
6'/<■
preferred
(quar.)
Community Public Service (quar.)
m
Compo Shoe Machinery Corp. (quar.)„___
Concen371/20
$1.75
-
$5
5-13
&
(quar.)—
(Subject to SEC approval)
Commonwealth Telephone Co.—
5-14
50c
preferred*.(Quar.)
'5V2f/o
5-17
20c
3Yst-% 2nd preferred (quar.)
4 % preferred (quar.)
'
6-15
5-27
7%
$1
Shearing & Stamping (quar.)_
Commonwealth & Southern, $6 pfd.
(accum.)
5-15
(quar.)
Burlington Mills
Camden
6-30
5-25
6-15
0-28'
35c
common
Corp.,
5-28
1
710-
«*.
Commercial
5-18
5c
(quar.)
Extra-
Butler
Columbian
4-17
1
6-
$1'.75
50c
5-17
1
18c
$1.75
*
(initial)
Central
6-
Ltd
Co.,
Stores,
8-
(reduced)-
common
6-21
Diamond
(quar.)
Corp. (quar.)
convertible
Class
$1
(quar.)—;
$1
Colorado Milling & Elevator (quar.)
Columbia Broadcasting,
class A
1
5-22;
(quar.)
$25c
preferred
6-15
6-
5-
1
preferred
$8
Aikman
6-15
45C
Machine
&
trating
Butler
1
1
6-
(quar.)
Supply <N. Y.),
6-
15c
preferred
preferred
$2.50
(quar.)
Co.
preferred
5%
6-21
1
8-
35c
T%
Colorado Fuel & Iron Corp.—
5-21
6-
7-
81
6-11.
(quar.)
$1.50
Plow
20c
Forge Co
Fund,
Bullock's, Inc.
|
5-14
6-15
(s-a)
common
preferred
Colorado
5-
7%
Co.—
(s-a)
30c
6% pfd. (quar,)$5 preferred (quar.)
Bullock
(
1
4%
5%
7-15
10c
Die
3V2%
6-
$1.25
Common
;
6-15
25c
$1.25
:
7-31
preferred
RR;
5-27'
1
5-24'
$1.25
International
&
Colonial
5-20
5-14
I2%c
Co.,
$3.50
6-10
6-25
6-
5-20
:
Semi-annual
Collins
40c
50c
1
25c
(s-a)
A
5-10
4
25C
(quar.)
Co.
Co.,
Cockshutt
5-11
V
5%
Pittsburgh
Chemical
A
5-18.
1
0%
(quar.)_
Class
5-15
1
Dentists
1
6-1
6-
75Cr
Machine,
Colgate-Palmolive-Peet
1
6-
7
$1.50
Bunker
3
8-
5-21
6-
5-18
:
6-
6-
$2:50
Coal
Coca-Cola
5-31
$30c
preferred
Buell
6-
2
6-10'
1
RR.—
(quar.)
Class
3
7-
90c
Silk
Buffalo
6-
7-
1% preferred (quar.)
Delaware Floor IrodUcts
Delaware & Hudson Co.
1
25c
Detroit Hillsdale & South Western
RR.
(quar.)'
guaranteed
Coca-Cola
1
6-
Budd Company,
/
7-
6-
(quar.)
Buck Creek Oil (s-a)
Buckeye Pipe Line Co
Buckeye Steel Castings,
;
9
5-25
25c
Mills, Ltd. (quar.)
Brunner Mfg. Co., (quar.)
.
4-
'
5-10
6-
93%c-
tquar.)
5-17'
1
933/4C
(quar.)
common
75c
Corp. (quar.)
Clinton Industries, Inc.
Monthly
Monthly
5-17
2
30c
(quar.)
Brunswick-BalkerCollender
•
6-
,.
Shoe
2
6-10
40c
—
$3.60
Co.
guaranteed
Clorex
Co.,
6-10
25 c
7 %
5-20
1
&
25C
;
4%
8
_
Brown
Bend
(s-n^—-
preferred
Clinchfield
1
50c
British-American Oil Co., Ltd., com. (quar,)'
$25c
3%% preferred (quar.)
$$0.234375
Broadway Department Store, Inc.
'■■'U 6% preferred (initial quar.)
37%C
.'if;? Brooklyn Borough Gas, 4.40% pfd. (quar.)..
$1.10'
6%
preferred
$1.50
Brown
Oil
Milling
&
Walt, Inc. (quar.)
Deep Rock Oil Corp.
5-25
$3
Equipment Co., common (quar.)
preferred (quar.)
Clearing Machine Corp.
(quar.)
Cleveland Electric Illuminating
Cleveland
De
Holder9
Payable of Rec.
,45o
75c
5%
5-11
5-25
Deere
$3.50
(s-a)'
Clark
5-14
$3
Bearing Co
/i// Bowser, Ino.,- $1.20 preferred (quar.)_
Brazilian Traction Light & Power Co., Ltd.—
■M' Ordinary (s-a)
Brewing Corp of America (quar.)___,
v:
'v: Bristol-Myers Co..t common
(interim)
*.V~3%V preferred' (quar.)—,—.,
w——.
1
1
50c
(quar.)
:
com,
66-
16c
Rubber,
Roller
pfd.
South
preferred (quar.)
Auto stamping Co.
$4.50
$2'
60c
1
0-18
$1.12%
Water, 6% pfd.
City Water Co. of Chattanooga—
5% preferred (quar.)
5-17
6-30
6-
7-
50c
_
(quar.)
City
City of New Castle
5-31
6-14
$1.50
-
(s-a)
preferred
5%
America—
(quar.)
Hose
preferred
Bower
1
1
•5-15
$1.06%
(quar.)_
Woven
66-
1
25c
Company;
Boston
6-11
30c
Co.
Investment
Boston
p>
6-11
6-30
(quar.)
—
Units of beneficial interest
Borden
6-30
$1.05
& Light, com.
(quar.)
Bryson, Inc.—
Bros.
Bond
"iVv't.
'
(irreg.)
i% preferred (quar.)
;
Cincinnati New Orleans & Texas Pacific Ry.
b% preferred (quar.)
1
50c
Tobacco, 6% pfd. (quar.)
Blumenthal (Sidney). & Co. (quar.)
-
5-14
6-
50c
Power
preferred
I
6-
(quar.)—_—,
preferred
Blaw-Knox
6-15
20c
_
Sivalls &
6-
$1.50
(quar.)
——
$4.20
■
!
Co.
common
Inter-Terminal
Cincinnati
87%c
_
6-15
When
Share
200
RR.
Cotton
Cincinnati
"
$3i50_ErkrP' preferred (quar.)
Birmingham Water Works, 67o pfd. (quar.)
4
1
Company
40c
Copper Co._„.
Chipman Knitting Mills,
Chrysler Corporation
5-17
(quar,)$1.25
&
4
0-
$1.13%
Chile
quar.)
0-
6-14
15C
(quar.)
Chicago South Shore &
Quarterly
Chicago Yellow Cab Co.
6-19
.$li-
Co.
Corp.
Hill
6-14
'
Chicago Corporation, $3 conv. pfd; (quar.)_
Chicago Rivet & Machine Co. (quar.)
Chicago Rock Island & Pacific RR.—
5% preferred series A (initial s-a)
6-19
6-
Per
Name of
Dayton Power & Light Co., common
3%%. preferred A (quar.)
3%% preferred B (quar.)
2fo
Chicago Burlington & Quincy RR
6-19
7-
60c
common*.
6-
7-
Holderr
Payable 0] Rec.
12% C
Co
Chestnut
7-12
50c
common
(quar.)
common
Binks
8-
Belt
Gharis
7-15
50c
Coj,
Extra
New
7-31-
50c
Associates--.w-.w^-
Cement
Corp.,
Bigelow-Sanford
.
(quar.)
(quar.)
..'V.-'^-Bibb Manufacturing
i
$3
Products
prior preference
Champion Paper & Fibre,
$4.50 preferred
(quar.)
Chapman Valve Mfg., 7%
5-15
6-
Chain
5-15
$1,06 V*
dividend)
4%%
5-31
1
dividend)
(stock
Century Ribbon Mills (quar.)
5-31
6-
(cash
Common
Certain-Teed'
5-17
7- 2
$$1.50>
$$1.75
1
l5o
Co. (quar.)
Bell & Howell CO., common
(quar.)_*.
:
4'A% preferred (quar.)__
'■, Beneficial Corp., $6 preferred (s-a)._
.VC
5-14
6-
When
Share
Common
;
5-15
(quar.)—;.30o
(quar.)
Benson &• Hedges,
1
1'
8- ll
$1,18%
'///K/Bell & Gossett
•>■
4
6-
6-
of Company
Century Electric Co.,
.•■«■
preferred' (quar.)
Manufacturing Co;
Belden
50c
._*.w
.
5-
fl-15
12%c
(quar.)
/y^'l/Beck? (A. S.) Shoe Corp.
6- I
»TJ
%:
5-17
•
51
(2295)
Per
%jjt^^\m*-$am/e- of Company ■. :■■.-><...
Foster-Wheeler C or p„y;•
>:
•'
J11'. .•'•'•
-
•>. :.•
.
•
Foundation
:
<
;•
J>'ruiikim
• <
Co.
Simon <fsee
$75c
——-
;6-
$25c
6%
preierred
I
6%
preierred (quar.)
,
.T.
;
6%
preierred
(quaT.
Gaylord
>
Container
General
fi
1
6-
1-
75c
General
Motors
$5
■
1
6-
2
25c
•$3.75
(quar.)i.i;^
pfd..' (quar.)
(quar.)
common
(quar.)___
preferred
General
pfdr.
—
Advertising,
$1
5-25
5-10
2
8-
933/4C
8-
7-
*
2
...
6-12
6
General Paint Corp.
preferred
$1
;
$1
25c
Portland
Qo.__
General Precision EquipmentGeneral Shareholdings Corp.—
preferred
$6
v
(Optional
General
Tire
6-15
5-25
4 'A %
5
at
_
A
25c
(quar.)
Gerrard
(S.
Girdler
preferred
5-28
Qil
Ltd.
Co.,
Extra
__
(increased»
(quar.)
—
•
Preferred
Goodyear
4%
7-20
1
5-20
1
5-20
Lehigh
7-
2
5-31
Leland
6-
1
25c
6-
25c
5*
3
6-
2
25c
6-19
6-
8
$1.12'/a
6-30
6-19
6-
5-12
(quar.)
$1.25
1
5-20
7%
1
5-10
$1.06 »/*
6-
1
6-15
6-
t$l
6-14
4
6-
1
5-
1
5-
Lionel
7
6*
7
Co.
Corp.
5-26
6-
5
30c
6-
1
6-19
6-
1
6- .1
5-15
Tire
6-30
37'/2c
6-
1
6-
1
5-17
(quar.)
$1
6-15
6-15
Interim
5-14
$1.25
(quar.)_
5-14
Mfg.
Gossard
<H.
Graflex.
Inc.,
Co
Co
W.i
Commoh
preferred
&
Grauby
5-15
6-15
5-15
Indiana
6-15
5-15
Indianapolis Water,
6-15
6-
1
Power
Grand
Ltd.,
Ltd.
Co.,
Union
(increased
Smelting
1
5-7
Industrial
6-
1
5-19
Ingersoll-Rand
6-
1
5-19
Inland
6-15
5-26
institutional
&
semi-annual)-
Co
t50c
6-
5-14
1
Atlantic & Pacific Tea
preferred
Great
Northern
Great
West Saddlery
5-20
$1
6-
1
5-13
International
6-
1
5-13
Quarterly
50c
3
4
5-24
7-
1
6-25
$1.25
10-
1
9-25
25c
6-
1
5-20
5-29
5-13
lc
5-29
5-13
5-29
5-13
30C
preferred
(quar.)
1
(quar.)
Agricultural
Class
A k (quar.)
preferred
Extra
5-10
Long
1
6-12
6-11
5-24
Aviation
13c
shares
5-31
Eell Lumber
Machinery
Institutional
Bond
6-10
6-10
5-21
6-
1
Nashville
&
(M.)
M.
2
6-
9
7-
2
6-
9
Publications,
Power
6-
Magma
4
5-13
5-29
5-13
6%
5-29
5-13
5-13
7
10c
5-29
5-29
Iron
5-13
10c
Priced
6-15
Marshall-Wells
30c
9-
1
8-10
preferred (quar.)
Mar-Tex Realization, common
30c
12-
1
11-10
25c
6-15
6-
Machine - Go.-—-—
40e
6-10
5-25
10c
6-
1
5-20
$25c
7-
2
5-28
xt$1.75
7-
2
5-28
XI %%
7-
1
5-28
xl%%
7-
1
5-28
7-
7-
1
(quar.)
—1
5-13
Jaege r
5-13
Jahn
5-29
5-29
5-29
5-13
'.
Olltor: Engravings
_
ii.
Jamaiea Bubiic iServteef Ltd.,; com.
1
.
Extra
k.
5c
Railroad
>
Steel
«*
—
Tobacco shares
,^4
iGuantanamo Sugar,
Gulf
•
_ _
(quar.)
_
V;
$4.40
,
preferred
$5
preferred
Gypsum Lime, &
7-'i
-75c
common
25c
(quar.)
!
(quar.)
$1.10
5-20
v
6-15
.
,
(quar;)
Common
5-20
Hackensack
V/ater
Co.
—
x
1
5-1
V.v34v50
9-1
7-31
«
Kaiser
5-14
Hamilton
Cotton
37V2C
12-20
$7C
6-
9-10:
,
^
12-10
'
.
-
•;
Eattra
••
Oil
Industries,
'
Hamilton Watch Co., common (quar.)
A% convertible preferred (quar.)
Hammermlll Paper Co
25c
6-15
5-25
$1
6-15
5-23
6-10 •r
5-21
37V2C
■
Hammond
Hancock
>
i
i.
kj.
Co.
Of
Co.
'
,
(quar.).
A
B
.
(quar.)-
'
■
Hanna
(M.
A.)
1
1
5-15
{quar J!
6-10
6-30.
6-30
4%
6-10
6-10
8TV2C
6-1
5-14
40c
common
preferred
(quar.)_
Harbison-Walkeif Refractories,
'6% preferred (quar.)
6-12
6-4
Harris
"<T
X'fl
5V2r/i>
-
■
;'
!fk
(A.)
T5'/2%
Harrison
&
Co.
preferred
6-
$1.0614
com.
(quar.)
50c
1
'
5-15
1
6-11
7-20
7- 6
6-
$1.50
■
$1.37Va
(quar.)
preferred
Wholesale
(quar.)——
Cq
HarshaW ChemicaL. Co.. (increased quar.)
8-2
$1.37 y2
—_
5%
6-12
5-26
7-
3
6- 4
7-
1
6- 4
6-15
6-4
6-15
5-30
I7V2C
40c
11;
lf
7-20
10-20
6-10
5-28
6-14
5-28
;
60c
Creamery
preferred
Co.,
McCord
6-
Corp.,
1
5-18
Mclfttyre
—-
$1.12 y2
7-
1
6-16
(quar.)_
€-
1
5-15
Mead
I
75c
6- 5
5-15
25C
6-5
5-15
1
5-20
6-1
5-20
6V4C
30c
—
(quar,)
6-
7-
1
6-24
$1.50
6-
1
5-25
$2.50
7-1
$2.50
12-30
S0C
6-15
$1.50
—
preferred (s-a)
——
5-31
25c
7-
1
6-15
20c
6-15
6-
6-15
4-16
7-
6-18
1
5-25
5-14
5-31
5-
8
6-
5
5-14
25c
5-27
5-14
5-28
6-15
35c
6-10
5-29
6-10
5-20
7-15
7-
2
5-14
6-
6-15
1
6-
1
7-15
7-
2
7-
1
6-19
6-30
6- 4
common
•
_
Common
7%
—
Meteor
Motor
Car
(irreg.)
60c
6-
1
5-10
Midwest
1
6-15
6-15
7-15
$L75
Oil
preferred
(quar.)
$1.75
11-
1
10-13
1
6-26
5-10
6-15
5-25
6-10
5-28
5-15
6-
1
6-
1
5-15
6-
1
5-15
6-
1
5-15
6-
L
5-18
€-15
6-
7- 1
6-15
6-15
5-21
$25c
$3
1
5-24*
5-28
6-30
6-21*
6-10
5-27
$50 Vic
6-
1
5-
1
6-15
6-
1
6-
1
5-
7
6-
1
5-
7
6-
1
5-
7
62 Vic
7-
1
6-15
8-15
7-31
$1.75
5-20
6-15
6-
1
5-15
6-
1
5-21
5-21
6-
1
6-
1
35c
6-10
6-
6-30
6-21
5-26
5-12
97V2C
7-
1
6-
$1.18%
6-
1
5-20
35c
6-
1
5-15
$1.50
6-
1
5-3
5-21
1
4
5-20
6-10
25c
6-15
6-
6-
1
5-18
50c
6-14
5-14
6-14
5-14
6-14
5-14
25c
s-a)_
25c
4C
(increased
(s-a)
•Common
5-29
6-30
5-22
6-10
s
5-22
6-15
50c
common
Common
7-
20c
6-15
7- 2
6-20
5c
Miller & Hart, Inc.
75c
.
Co.,
:k Extra
8%
35c
Co. (s-a)^—
(quar.)k——
5-29
25c
5-10
1
5-13
25c
$1.75
—
——
5-18
8-2
5-12
15c
1
7-
6-11
5-29
81'Ac
6-
10-
6-30
15c
6-11
$1.50
6-11
6-30
25C
50c
$1.50
6-26
$1.62 y2
pfd. (quar.)
50C
2
5-14
ii-15
50c
—
Metropolitan Edison Co., 3.90% pfd. (quar.)
Michigan Consolidated Gas—
43A % preferred (quar.)
—
Michigan Public Service (quar.)
Mid-Continent
Petroleum
(irreg.)
Mid-Continental Airlines
(initial)—
Midland Oil Corp., $1 conv. pref. (quar.) —
Mid-West Abrasive Co. (increased)———
5-15
I
$1.06 V*
—
(quar.)
preferred (quar.)
5-24
6-
5-15
12-
15C
$3.25 participating preferred (quar.)
Participating
Metal & Thermit Corp., common (quar.)
5-10
5-25
1
50c
Merritt-Chapman & Scott, 6Va%
Metal Textile Corp., common
10c
preferred (quar.)—
2nd preferred (quar;)^A-_rkk:k-..——
7% 2nd preferred (quar;)^kuu.k^„
preferred
(quar.)
common
preferred (quai\)_
2nd preferred (quar.)
Telephone Co., 5% pfd. (s-a)
Mercantile Stores, 7% preferred (quar.)
6-10
5-28
6-
25C
$2
5-25
6-12
6-26
1
40c
414 %
6-11
15c
6-21
1
62V2C
Meadville
6-25
37'/2c
common
1
7-
12 ViC
(increased)
Porcupine Mines, Ltd.
Dredging Co. (quar.)
Corp.,
25c
25c
7-
7-
25c
$2.50 preferred
(quar.)
McGraw-Hill Publishing Co
$1.25
—-
1st
Laclede-Christy Co.
La France, Industries, 4%
1
15C
25 c
McWilliams
H.l'8%
(quar.)
(B.)
4
85C
6-15
6-
Kroger Co., common (quaf.l——
6% l3t preferred (quar.)!-//.;"-
Kuppenheimef
6-15
1
933/4C
(quar.)
6-11
5-18
Koehring Company—„k
Kresge (S,. S.) Co. (quar.)
Kress (S. H.), & Go. (quar.)
6%
6-
7-
75c
1
7-
1
prior preferred (quar,-)
Khudsen
6-15
—
6-30
6-15
————
(I. B;) Rubber Co.
€-15
3
933/40
(quar.)
common
May McEwen Kaiser Co. (quar.)
Maytag Company (quar.)
McAleer Manufacturing Co.—
5%
convertible preferred (quar.)
McColl-Frontenac Oil,
new
com.
(initial)
6-
Kingsport Press,.Jac.' (quar.)'—_^——
Kinney (G. R.) C0.4 common-—
$5
7-15
37 Vic
(quar.)
preferred (quar.)
preferred (1947 series)
$3.40
preferred (quar.)
25c
Corp;,'eftHimon (increased):
convertible preferred (quar.) —
Kleihert
6-21
60c
——
$3.75
25 c
King-Seeley
6-10
6-30
•
$4.25
5-15
pfd.
Keystone Pipe-A-Supply, 5%
T.'-yAAfy preferred {s-a)_-j„
5-15
6-30
6-
$1
preferred"
Company,
5-15
1
6-
5-25
'
$1
(Stocky dividend)-k payable in class A
Hanley (James) Co., 7 %
6-
25C
(cash dividend)
■
-
1
4%
'
—
B
6-10 *
6-
50c
(cash dividend)
Stock dividend
Class
.
50c
25c
f Extra,'
Class A
.
.
25c
(quar.)
Calif.,"class
Extra—
Class-
•k
Instrument
GU
,
1
$62 V2C
(s-a)
$3.75
8-
'
common
v
-Keyes Fibre Co., 6% prior
«'$» preferred -(accum.)
5-
7-
2
25c
(quar.)
May Department Stores,
7
'
-i
6-21
preference
Co.
Mathews Conveyor
7-19
$112 y2
v.^-<LBa -convertible, preferred (quar.)
'n
6-14
5-
$25c
5-25
15c
—
Kerr^McGee
5-10-
€-.16
$1.05
——
6-15
6-
2
(quar.)
$4.50
"
1
$22Vhc
Ltd. "(quar.)
Co.,
9-20
-
•
37V2C
1
12'/2c
preferred Iquar.)
Kentucky Utilities Co.,' 4% % pfd.
Kern County Land Co. (quar.)
6-10
5-17
6-30
52 ViC
(quar.)
Master- Electric
50c
5-15
6-20
1
5C
—
convertible
$1.25
.
$1.25
Kendall Company, common
•
1
6-
$1
—
Common
10c
(quar.)
(quar.)
5-17
.
k
St Co."
1
6-1
37*/2c
Extra
50C
(Julius)
6-
.
*
60c
25c
85c
6-1
6-
93%c
KawneerCo.j (resumed),—
25c
,
6-30
$1.25
—
Go., common 4(quar.)
preferred (quar.)^———
«-
75c
(s-a)
Hajoca Corp. 1 (quar,ji__
pU-'i Hale Bros Stores; (quar.)
? Halliburton Qil 'Well Cementing Co.—
Quarterly
i .V v.
Quarterly .,
'
V.^.5 ■ 'Quarterly''
/, Hallnor Mines, Ltd.—
r
5-20
(quar.)
$250
—
1
6-
Massey-Harrls Co., Ltd.—
5-28
—
preferred
$250
—..
1
6-10
$1.25
(quar.)
common
Katz -Drug
Alabastine of Canada, Ltd.—-
Quarterly
;
5-12
6-
$1.50
common
Maryland Casualty Co.—
$2.10 prior preferred (s-a)
$1.05 convertible preferred (s-a)
Masonite
Corp.
(quar.)— *
1
50c
Xl3/4%
——
(quar.)—
Johnson & Johnson (increased)
Jones & Laughlin Steel, common
5 %- preferred (quar.) -l——^
Kalamazoo Vegetable Parchment Co.
6-1
6-15
(quwRvK.1--—
Tea -Cu.-s^joemcnon
3%%
6-17
1
7-
-preferred
preferred D
-
^5 ffre^^%(q^^_——
Jewel
5-13
$1.25
(quar.)
k
^
5-13
•
prefeired /B
Jamaica-Water ^Supply,
5-13
5-29
5%
*
5-13
5-29
W -preferfed -A 'tquar;) -;!:-;-—
-7%
5-13
5-29
3c
-
Oil
Corp..
Gulf, States Utilities,
,
5-29
5-29
7c
7c
shares
■'.v -.-.-
/ a :• '
5-13
6c
stock
shares
Utilities
5-13
5-29
6c
Equipment
Railroad
•
,
5-29
3c
shares
Bond
Railroad
.
5-13
5-13 "
-
7
5-21
5c
Co.,
6%
■
J
Mining shares w—
Petroleum shares
,
y
5-
7
$1.25
preferred
6-15
5-13-
•
5%
6-15
5-10
7c
Extra
1
6-
$1.75
Leaf Gardens,
Corp.
1
-
5
6-
$25c
(quar.)
Mfg. Co.
Ltd
Consolidated
Maple
6-15
1
5-29
5-29
5-
35C
7-
5^29
7c
!
1
60c
6-
,'^
5
6-
$1.06 V4
<quar.)_
30c
8c
shares..:
Extra
Merchandising shares
5-13
—
$1.75
1
$1.62 >/2
'preferred"B-1 (accum.)
preferred'^-A> (aoewm. )-_;^
7-
.Quarterly.—■
Iowa SoMthem-Utilities Co. (Del.)
5-29
1
$1.50
3c
shares
(P. R.) & Co. (quar.)
Maltine Co., 414%
conv. preferred
Manhattan Shirt Co.
(quar.)
Mapes
9c
Company
(increased!
Mahon
Mallory
(quar.)
Marion Power Shovel Co., 7% pfd. (accum.)
Fiieinan--Afomifacturing
5-
Marathon
Light & Power—
preferred (accum.)
Quarterly
.
5
1
25c
Company
C.)
5-13
5-12*
Iowa Electric
5-13
9c
shares
shares
5-
6-
25c
Co
Copper
(R.
1
Ltd.—
6%%
5-29
5-
1
25c
1
7-15
—
(quar.)——
6-
1
5
1
6-
75c
6-
J75C
6-10
6-
$50c
$1.50
(quar )
2-24
7-15
Vic
quar.)
(quar.)
22 V2 C
6-
3-10-49
15c
Co.
Paper
&
Macwhyte Company (quar.)
Madison Square Garden Corp.
1
6-
11-24
88c
participating preferred
$1.50
Mackintosh-Hemphill
5-15
6-15
8-24
12-10
Inc.—
6-
6-15
5-24
9-10
$1.06
$25c
—
6-15
$1
2-24
6-10
$3
6-
40C
3-10-49
65c
t50c
Gas^t-
8-24
11-24
12 Vic
(initial)
MacLaren
6-19
5-24
9-10
12-10
$1.50
—
(quar.)
5-25
25c
5-15
25c
(quar.)
6-21
1
1
6-10
—
t25c
(quar.)_
6-
50c
(quar.)
Metal Products, com. (initial
& M. & M. Consolidated
J.
MacFadden
7-
5-15
20c
—
(quar.)
RR.
Sons
&
common
Semi-annual
5
Ltd.—
t40c
1
Lynchburgh & Abingdon Telegraph Co.—
5-28
5-
1
6-
50c
(W. M.) Co., Ltd. (quar.)
Manufacturing & Sales—
Ludlow
5-
k 5-14
—
Lines
preferred A
41/4%
6-15
6-30
5-29
80c
(Md.)
Angeles Transit
Lyon
2c
Investing
.
5-29
6-30
1
6-
50c
(accum.)
Lowenstein
4-30
7-15
t40c
Foundation,
7-10
7-10
$25c
Groceterias, Inc.
(quar.)
Gas Co. (quar.)
4-30
t$1.12%
convertible ;preference
6%
5-20
50C
(quar.)
A
5-31
Corp.
Investment
9c
shares
Bond
Industrial
.
5-13
8c
shares
Extra
>'
5-13
5-29
2c
General
-Low
5-29
1
$25c
class
Los
20c
—
5-20
6-
7§c
5-15
$1.75
(quar.)
10-23
1
1
50c
1
—.'
Natural
Inter type
7-24
1
$1.10
(quar.)
class A
$4
Co.—
International Utilities Corp.
Interstate
•
2c
Administered
Extra
.
5-13
9c
Equipment
shares
Fully
5-13
5-29
1
6-
$1.10
(quar.)
(quar.)
(quar.)
(quar )
6-
—
5-13
5-29
7c
shares
5-29
9c
shares
Electrical
Food
3c
shares
Building
Chemical
811-
$1.75
Star
New
Co.___
5-11
$1.10
5-10
Machinery
Silver
5-
1
$1.10
1
—
International
1
6-
30c
—
'
shares
Automobile
6-
1
$25c
B
Lowney
Painfes, Ltd., 5 % pfd. (s-a)
Petroleum
Co.,- Ltd. (s-a)
International Products Corp. (quar.)
40c
,
6-
$1
of Canada
6-22
25C
Long Eell Lumber (Mo.) (irreg.)
Lord & Taylor, 6%
1st preferred
25c
International
•;
1
7-
t37V2c
(quar.)—
1
$25c
Louisville
International
shares
6-
75c
preferred
4Vz-%
Group Securities. Inc.—
Lone
—
International-Nickel Co.
7-
87 Vic
$1.50
(quar.)
international Metal Industries,
6-
Co.—
Groceterias,
Loblaw
5-14
Business Machines Corp.—
Cigar
-
5-19
20C
Powders, Ltd.—
preferred (quar.)
Harvester
5-27
6-15
3Qc
Extra
5-19
Ltd."—
International
7%
1
$1.25
;
5-11
1
I2V2O
(quar.)
50c
International
(quar.)
1st pfd. iquar.i
5%
Cooper,
5-20
6-
+75c
(quar.)
6-
1
group
Bronze
5-25
6-
6-10
$1
20c
participating
6%
5-31
6-
International
Co., Ltd.—
Greenfield Tap & Die
Common
1
$1.25
(quar.)
6-30
8c
Co.
5-18
6-30
1
(quar.)
(quar.)
bond
5-
8c
Paper
preferred
5%: 1st
and
Stock
5-24
6-15
6-15
V
50c
Extra..
6-
Co——
10c
(quar.)__
5-14
1
6-
class A (quar.)
Shares,
common..
Co.,
6-
Semi-anrfual
30c
group
<quar.)_
Y.)
4-23
$37V2C
(increased)
Co.
Corp.
Co.
Steel
Aviation
$1.75
Great
(N.
4-23
6-23
Class
(quar.)
Rayon
50c
Indemnity
Water
preferred A
5%
6-
I25c
(quar.)
Mining
American
Griggs
&
$2.50
class A
Great
2nd
Gas
$1.75
Special
Special
Special
Little Schuylkill Navigation RR. & Coal Co.—
Loblaw
convertible partic. preferred (quar.)
$1.50
20c
(quar.)...
Co.,
Consolidated
6-23
t25c
(quar.)
6-15
"
Grafton
5%
t20C
tl2»/2c
35c
common...1
5-20
1
RR.
capital
capital
capital
capital
Guaranteed
Guaranteed
Guaranteed
Guaranteed
Special
Imperial Varnish & Color Co., Ltd.—
$1
Extra
Gorham
9-20
12-20
6-
Miami
Original
Original
Original
Original
9-30
tlOc
I12V2C
Ltd., class A (quar.)
(quar.t
6-30
6-19
12-30
37'/2C
_
_!
mv2e
B
5-15
$1.25
Imperial OU Oo.y-Ltd. (s-aj-v—
Imperial Tobacco Co. of Canada, Ltd.—
5-17
'
1
6-
$i.25
preferred .(quar.)
5%
•
6-7
$1
(quar.)
common
$1.25
5-15
$1
Rubber,
&
12V2C
2%
5-21
1
5-20
:
6-19
6-11
5-10
25C
6-15
6-
3
5-
1
75c
5-30
«
5-15
2V/2C
Little
-FoodsrAne.; common- (quar.)
5io preferred series-A (quar.)
Hut tig Sa sh & Door Co;
5%preferred (quar.)
,
5-20
1
1
quar.)
(quar.)
(quar.)
5-15
5-21
5
6-
9
(quar.)
Link-Belt
10c
•
5-20
6-
37«/2C
(initial
B
Class
5-14
5-11
1
2
6-
6-
preferred (quar.)
Telephone & Telegraph Co.—
6-10
6-11
5-14
30c
5-31
6-
5-10
5-25
kkT^ 2kk-
30c
75C
>
$1
6-
Inc., common (quar.)
25C
37>/2C
B- 3
1
,
Common
5-10
50C
preferred-*(-quar.-)Hydraulic Press' Mfg. Co., 6 % pfd. (quar.)
Imperial Chemical Industries, • Ltd.—
American deposit, receipts -(final)
5-21
1
6-
Lincoln
50C
(puar.)—
5-31
6-
40c
Quarterly
Quarterly
6-10
5-15
6-
(quar.)
Lincoln Stores,
6-
2
50c
Liggett & Myers Tobacco (quar.)
Lincoln National Life Insurance
37'/2C
6-
31V4C
5-21
5-24
6-10
37 Vic
6-
5-29
2
(quar.)_
Lexington Water Co., 7% preferred (quar.)
Libbey-OWens-Ford Glass
(quar.)
Liberty Fabrics of N. Y. (quar.)
Liberty Life Insurance (Greenville, S. C.) —
Quarterly
Life Savers Corp.
!
6-25
5-26
5-14
7-
35c
Leslie
5-27
6-15
37'/2C
5-17
15c
1
75c
.
5-15
30c
5-18
1
6-
50c
5-15
$1,061/4
—
common
Co.
4-15
-
6-
$20c
1
1
Salt
1
•
5c
5-25
Hunts
5%
5-10
$4C
(quar.)
Coal & Navigation (s-a)
Portland Cement (quar.}
Electric Co., 5% conv. pfd.
Lehigh
6-
Hudson-Bay" ;Mining-& Smelting Co., Ltd.—
Hudson- Motor -Oar
tquar.)
-
5-20
$25c
(initial)
(quar.)
HumbieoiT^I^fining"co~III—_
•
5-15
1
25c
Ltd.
Co.,
Company
(James) & Sons
D.)
(H.
6-13 f
(quar.)
pfd.
common
Mackay Stores,
Class
v
Lees
Oil
Leduc-West
Lee
6-15
J2c
(quar.)
preferred
Gordon
/
5-18
6-15
7-1
1
1
5-24
$6C
————
7-
5c
Mines,' Ltd.—
Golden State Co., Ltd.,
Goodall-Sanford,
Inc.,
1.,
5-28
.6-25
(irreg.)
Inc.
Fabrics,
Liquid Carbonic Corp. com.
3V2% preferred (quar.)
5c
!
-
Goldale
'•$%
5-21
1
+2c
(quar.)!
Corp;
Gudman (H. C.)»,6%" preferred
Goebel Brewing Co
7 %
:6-
6-
Howe Sonnd" Co; '(quarv)——
5-18-
6-
6-
40c
25c
(s-a)
(quar.)
Harvester
Extra
6%"
.
M5
356
7 Vic
(quar.)__
15c
„
Co.,
A.)
Corp.
Gleaner
$5
5-17
5-28
Co.
25c
(quar.)
-
preierred
;.—
15c
(quar.)
B
Globe
5-10
1
7-30
Brewing
Class
Class
,
.
5-18
6-
6-10
10c
Rubber Co.
&
1
5-25
5-17
30c
preferred Hqntta.)^ifc——
Lighting & Power (quar.)
Corp.,-•ccihruon (quar.)
4 v4 t/t,
-
6-
8c
I
$1.25
'Howard ^Stores
$1.50
6-
*25C
(quar.)
preferred (^uar.) -ij:i_^_
Hardart JCo.' (N; - Y.)—
Horn
1
25C
.
(John A.) & Sons, Ltd. (quar.)
Lansing Stamping Co
Lartston Monotype Machine Co. (quar.)
Laura Secord Oahdy Shops, Ltd. <quar.)___
Le JTourneaU, (R. G.), Inc., $4 pfd. (quar.)
50c
(quar.)
Hoover Company com.
'
(quar.)
Wells
25C
(quar.)—k—
E.)
preferred
3*11
6-
25C
—
Lang
25c
——
(Canada)
6-15
$1.25
(quar.)—
60c
Genesee
v.,
6-rll*
5-27
Lea
Houston
General
'•ly-
6-16
series)
dividend
Cash or 44/1000 share common
holders option
Tin Investments.
stock
&
6-16
1
(quar.).
;
i.
1
7-
6-30
25c
(quar.)
Cement
7-
25c
25c
(quar.)
2nd preferred
aonv.
General
6-15
31c
preierence
Electro-Chemical,
-
5-17
$1
Co.
Mtg.
$4.25
5-28
1
87j/2c
Hobbs
5-13
6-10
(Charles
Hobart
8-3
S* 3
preferred (quar.)
—
preferred (initial quar.)
Lakey Foundry & Machine Co. (irreg.)
Lamaque Gold Mines, Ltd. (Interim;
Lamston (M. H.), Inc. (quar.)
Lane Bryant, Inc. (quar.)
25c
Paper Co.
1
1
2nd
25c
common
66-
$18o
District Power Co.—
Superior
Common
9-15
6-
—
Hboker
5-10*
Lake
Lane
7- 6
b-i8
1
1
6-15
10-
25c
(quar.)
(Herman)
5-21
1
6-
i
30c
Co.
(quar.)
(increased quar.)
Battery Co., class A (accum.)
Holt (Henry)
& Co.—
$1 non-cuhi. class A (quar.)
Honolulu Rapid Transit, 6% pfd. (quar.)
7-
75c
34%c
(quar.)
—
Dauch
&
Hires
$1.25
84%c
25c
common
Hinde
6-15
—
convertible
$40C
—
5%
(quar.)
inc.
Hilton
5-10
$1.25
—
(quar.)
Outdoor
__
—
5-25
Nelson
Nelson—see
Monthly ——;
Hotels Corp^
5-20
4%
Co.,< 5%
Corp.,
.
7- 1
Holder»
$$1.75
-
5-14
6-11*
25c
convertible preferred B
;
Monthly
./■..Monthly
....
k'5-14-
6-
20c
Inc.,; 3% %
preferred
6-24
5-14
$1.75
-k/kk;j. 4# •■donvekible;''PJcefe)rrea^v:<s«a)'_^ii.id£ii'^ k.,,.
Mills,
2
8-
25c
<quar.)_!
Industries
5-26
6-15
i >1.06 V4
_
1
7-
1
Whtft
Payable of Kec.
Share
'
,
1
7-
6-15
-
Ltd.—
*
HeywbodvWakefield
transportation—
7-
•—
the Woods Milling,
of
Common "(quar.)
l'/o
preferred (quar.)
Lake Shore Mines, Ltd.
;
'5-15
I5C
.Chemical Corp., common
preferred A (quar.)
Co., common
-'preferred B (quar.)—
Hlbbara Spencer, Barileu & Co.
!
'"5-14
•
6-25
Name of Company
Lake
30c
1——
Heyden
;■«
5-15.
1
6-
•
$1.50
(final).
15C
HewittrRobins,
>
5-28
!
25c
k
?
'5-20
•
Products—
Steel
-/Herman
•
25C
pfd.
Co.,
J.)
(G.
;!v
3
6-
.
General
12-
6-10
General
Dry Batteries,
Inc
'General Finance Corp. :r^
General
9-10
9-30
12-20
6 %
•
6-25
(quar^i^ii
$;&&&■) 1 %" preierred
i>1,
Hendry
6-11
6-30
75c
10c
..k Quarterly
10c
—
General
•>
5-15
37'/2c
(accum.)
(quar.)
(quar.)_
$4>25 preferred series A (quar.)
Cigar Co.» common
j
;
,5-18
1
30c
Corp.
American
* Common
u
1
6-
30c
—
General America Corp.
6-
30c
tquar.r_.__
0:j>. Gary (T.) & Co., $1.60 1st pfd.
■k
/
Bakeries,
1
6-
Per
Holders
Payable of Ree.
25c
Lithographing
Hercuies
.__k_
)•
■
1
6-1
$1
(quai\>
—
Company,-Ltd., 4% preferred tquar.)_
(Robert? Co
s
-
When
Share
,k
Haverty ' Furniture
V,
r
$$1
4%. preferred
pair
pair
of Company
5-14
Hecla Mining. Co.';'(quar.)
5-15..w. Hemisphere International Co.—■
v.
5-18 ;
s i
New
Orleans
(quar.)i—
6-1
62'/2C
..
250
; i
J-
;>
6-30
7-26
u
,
'*•
Name
^
Havana'
6-30
Simon; Frankim*
Ltd/.; (extra)
ji)
-
Inc.' (quar.)
kkyi—
Co.. '(quar.)
Hawley-..Pulp & -Paper, $6 2nd pfd.
Hazei-Atlas: Glass Co. .(quar.)
6-15
7-22
t35c
(quar.)___
):%$*: Frasqr-.Com0an.ie3;-:: Ljtd^j•
'<•,•"'■.■ ^ k.Freeport, Suipnur Co.. (quar.)
Freiman,
v
Hathaway
37!fec.
Ltd.
Canada,
of
Per
Holders
Payable of Rec.
•
y^ky • *>% ' pnor ' preferred,
v,
When
*
Share
.,..••• •'•.<
(quar.)
$1 prior preferred (quar.)
prior preferred
-—-
.
1]
25c
10- 2
25C
.7- 2
6-20
25c
10- 2
9-20
>
9-20
V-A'.'
,.;'V
•••
52
'
,
(2296)
THE
-Per
Name of Company
i Minneapolis Gas Light Co.
preferred
...
5%%
•
:
Share
(Del.)
jS%
,
preferred
$1.50
3.20v
preierred
Regulator,
A
6-1
5-20
1%
5-20
1/ 7 %
preferred
1
5-20
$1.25
SUC
6-
1
5-20
6-10
5-25
(quar.)
6-
5-20
common.
80c
—
■.■/
59c;
$4 preferred (quari)^_j._._^.j__...^._._i
Missouri Public Service Corp._;_.-____-____.
■■'
30C
Missouri
J. 5 %■
:r
Utilities
Co.,
preferred
MohawK
common
6-12
6-
;i
25C
(quar.)
(quar.)
Tool
6-4
7-
1
1
5-31
1
5-10
6-
1
6-
1
S-1Q
Cottons, Ltd.,
preferred (quar.)
common
.5-10
,
5-18
5-13
5-13
Norwich
$75c
7-
5-28
Nova Scotia Light &
Power,
7-2
5-28
Morgan (J. P.)
T
5-28
Nutrine
7r
2
5-28
Oak Mfg.
6-
1
5-14
Ogilvie
$1.25
&
___
6-
1
5-14
77c
37 VaC
(quar.)
Finance
Motor
(quar.)
../ Extra
>.
Mountain
.
•
'
'f. l $7
///
6%
preferred
7
;
6%
preferred
Ohio
6%
Ohio
5-14
5-15
preferred
A
Oliver
6-
Ontario
Automotive
National
Biscuit
Co.,
preferred
Inc.
common
1
6-15
Quebec
Oswego Falls Corp., 4%7c
7-
1
6-15
Ottawa
Participating
Ontario
5-15
Common
1
8-14
5%
6-30
6-15
6-30
6-15
$3.60
6-
1
5-14
Outuoard
6-
1
5-14
*
&
Chem.
National
Electric
3/ Quarterly
Quarterly
...
National
of
>
Class A
Lead
Life
K;,:/Nashville,
National
(increased
&
Accident
Rubber
Co.
5-24
6-
1
1
$1.12 Va
7-
1
Stow
(quar.)
.(quar.)
Wilcox
&
6-
1
5-
6-
1
15c
pfd.
6-
preferred
5
5-
1
5-15
6-30
6-12
62>/aC
7-
6-15
Co.—
(increased
preferred
5
68%C
(accum.)
(quar.)
i
1
101-
25c
1
9-15
1-49
12-15
8-15
8-
5
125c
11-15
11-
5
25c
(quar.)
7-
1
6-15
$1.25
8-16
7-31
6-25
6-15
7-
6-15
1
6-
8-15
47 V2 c
8-15
8-
5-29
$1.15
preferred
preferred
series C
6-
8-
2-15-49
2-
5
(quar.)
$2.25
1
6-10
5-31
7-
1
6-15
15c
6-
1
5-15
$3.50
$1
6-
1
5-
8
7-
1
6-
7
$1
6-10
50c
6-
1
6-
1
Co.
10-
1
5-
5-25
5-
2c
5-25
5-
5-25
5-
5-
5-25
5-
5-25
5-
5
IOC
5-25
5-
5-25
5-
non-cum.
7c
5-25
5-25
12c
5-25
5-
preferred
(quar.)
(quar.)
Electric
preference
preferred
Water
6%
5
$5
&
$1
Stock
Investment
5-
5
5-
5
5-25
5-
5
5-25
5-
5
5-25
5-
5
7c
5-25
5-5
10c
Ry.
,1
Co.
Phoenix
Hosiery
5-25
5-
5
Placer
Development,
5-25
5-
5
Plastic
1
15p
5-
.
5
5-
.
5-25
$50c
t
5-. 5
5-25
,
13C
1
American Car Corp., common
$2 convertible preferred
(guar.)
(quar.)
c."--
Potash
& Co., Ltd., 4%
Prentice-Hall, Inc.
5-14
Procter
Public Service Co.
6-15
6-
Wisconsin-Electric
far-each
100
•-"
slfares
-»*
6-30
1
6-
5
50C
6-10
4V4 7o
Public
5-27
7-
6-22
1
&
America
Gamble
preferred
Service
diana
5-20
Gas
Co.
&
.
M
:
preferred
6-
1/
'
f'*)
//
>
4
Mr*
7%
.S//.1
preferred
2
6-10
6-10
for
a
7-
1
1
8-
2
7-12
25c
7-
1
6-21*
$1.37V2
7-
1
6-21*
90c
7-
1
6-10
40c
6-15
5-26
6-
1
5-17
(quar.)i—
com.
—
$1,121/2
Inc.,
lc
6-
3
5-21
$1.75
7-
1
6-15
(quar.)
$1.75
10-
1
9-15
7-
1
6-15
10-
1
9-15
6-23
5-26
50c
6-15
6-
}25c
6-
1
5-15
$1
6-
1
37V2C
(quar.)
(quar.)
—
1
9-
1
1
Co." (increased)
Rockwood & Co., common
5% preferred
(quar.)
5% series A preferred
20c
Art Metal
Roosevelt
Works
Hotel,
Inc.
7-
1
6-15
7-
1
6-15
7-
1
6-15
6-
1
30c
6-12
6-
2
6-12
6-
2
(quar.)
Common
Inc.,
50c
(quar.)
$1.50
Bottling
pfd.
(quar.)
(Louisville,
Ky.)
(Jacob),
San
6-
5-18
5-15
1
5-21
12'/2C
6-
1
5-15
7-
1
6-10
6-10
5-21
$1,121/2
preferred
$1.50
6-
1
5-11
$2.50
(quar.)
Ry.—
(initial)
A
6-15
5-28
payment
for
first
two
quarters
1948
preferred
A
(quar.)
$1.25
5%
preferred A (quar.)
Regis Paper Co. (quar.)
Sabine
Royalty Corp
Saco-Lowell Shops
Saguenay Power, Ltd., 414%
Francisco
Remedial
50c
pfd.
Loan
iquar.)
6-30
6-15
5-25
5-10
t$1.06
__
75c
5-
1
6-
6-30
5V2%
preferred
Paper
A
Co.,
(quar.)
27V2C
(quae.)
(quar.)
Scranton Electric Co., $3.65 pfd.
(quar.)—
Scythes & Co., Ltd., common (quar.)
5%
preferred (quar.)
$3.40
common
Seaboard
Air Line,
preferred
5%
Seaboard
Oil
Co.
Roebuck
5%
5%
&
Seminole
Co.
B
$2.50
40c
(quar.)
Corp.,
25c
10c
common
(quar.)
&
Gas,
3114c
(quar.)—
common
25c
25c
5%
Corp., class A
Class
f3114c
$2.50
Acceptance
Oil
tl9c
(quar.)
Security Banknote Co.,
$1 preferred
(quar.)_
Serrick
85c
9114c
preferred:
(Del.)
preferred
preferred
2lV2c
(quar.)_
(quar.)
22c
(quar.)—.:
Extra
25c
15c
i—,
Shawinigan Water & Power
Pen
Company
(quar.)
J30c
(quar.)
10c
20c
—
Manufacturing
5%
55c
preferred
Corp.,
25c
common
1st
preferred (quar.)
Products, Corp., common (quar.)_
preferred (quar.)_
Sherwin-Williams Co., 4% pfd. (quar.)
$1.25
25c
Williams
preferred
Corp
ox
Co.
of
B
$1
Canada—
(quar.)
class A
America,
(quar.)_
(increased quar.)„_
Ltd.
7-'2:' '
6-1C
25c
6-15
'
;5-2«
J25c
6-30
1
5-31
i$1.75-;
Mines, Ltd. (s-a)
& Gas Co., class
Extra*
59%c
7-28 1
J20c
A
(quar.)
4—_—_
'
(quar.)__
50c
6-2?
6-1
6-1
50c
—
50c
6-1
50c
—_—
common
(quar.)
20c
Simmons Company
'/ 50c
5614c.
5-25*
6-
1
6-
1
1
5-15
fi
Co., 414% pfd, (quar.)
Simon (H.) & Sons, Ltd., com. (quar.)
5%
redeemable
preferred
(quar.)
Saw
&
Steel
6-30\
6-30
$1.75
t
.1.".
-
6-1
$30c
$$1.25
(irreg.)
70c
Simpsons.. Ltd., 414%. preferred (quar.)_
$$1.12 Va
Sioux City Gas &
Electric, common-(quar.)
45c
3.9%
preferred
(quar.)—
97'4c
Skilsaw,
Inc.
(quar.)
4.
30c
,
-
5-15
•
62M2C
&
tFiamum)
Simonds
5-14
Slojs-S'ieffield
'
9
6-13
Schwltzer-Cummins
Scott
Simon
87VaC
;
7-
1
Association,
5-15
6-15
7
6-
50c
(semi-annual)
Class
In¬
.
8-27
11-29
15c
5-20
:< v t
—
9-15-
12-15
$1.25
St.
6-1
$1.25
i......
5-15
1
1
6-
75c
Smith
Steel
(Alexander)
&
&
Iron
Sons
•
(quar.)
6-
6-
$50c
(quar.)
6%
2
12V2C
(reduced)
common
1
Francisco
preferred
Above
5-25
12I/2C
Joseph Lead Co
Joseph Water Co.,
Louis
5-14
6-
—
(quar.)
preferred
1
6-15
6-15
37V2C
preferred (quar.)
Royalite Oil Co., Ltd. (s-a)
4 V2 %
6-
20c
20c
1
held
(quar.)
6-15
J$1.06'/4
(quar.)
5%
Ltd.
5-14
$1.25
(resumed)
Industries, Inc.
Corp. (quar.)
Roxy Theatre,
Royal
Crown
San
1
$1.25
Extra
5%
6-
20c
Ronson
St.
5-20
$1:25
(quar.)
5% prior preference (quar.)
Rolland Paper, Ltd., 414% preferred
Rowe
5
30c
(quar.)
6-
1
6-
-----
5-14
12-
6-1
.
5
Corp.—
(quar.)
Slgnode Steel Strapping,
1%
nre^'-'-pd
(quar.)
com.—
share
5-JQ
(quar.)
6-
$1
share of
each
7-15
6-
7-
$1.06V4
Indiana,
•.
7-
35c
(year-end 1
l/20th of
/.>.
6-10
t-$2
(s-a)_
•
7'
$5
2
12-10
5-13
5-15
6-10
7-
$1.50
(quar.)—
(quar.)
Extra
Colorado—
Water
preferred
1
1
6-21
15c
preferred
(quar.)
of
6-
6-
7-15
2
25c
Oil
37VaC
2
8-
25c
Shoe
5-12
4-20
8-
Quarterly
Rockwell Mfg.
5-20
5-26
5-30
6-
Sigma
Signal
5c
8
8
5-10
9-10
Shenvin
5-22
66-
$1,311/4
preferred
Electric
Breweries,
6-2
1
1
6-10
Sick's
6-14
77-
25c
5-10
.
6-16
25c
(quar.)
series F
6-18
5C
1
25c
(quar.)
Brass
Corp.
6-10
$25c
(quar.)
Co.
of
Ages
7-
1
7-
25c
7%
Public Service Electric & Gas—
.
Power
~
of
(Stock dividend)
3V2%
held/—_
C' ''
1
—
5-12
50c
•-
6-
Ry.
5-19
25c
4%%.
5-14
5-31
1
15c
Shellmar
5-14
25c
(partial; liquidating1 stock
."■/'dividend)—;;
1
1
5
6-10
$5C
North
66-
-
Price Bros.
h
5-20*
5-26
5-31
6-15
6-
Quarterly
Extra
6-16
1
$1.75
Ashtabula
Ltd
5-31
6-15
1
7-
62V2C
Corp. (quar.)
Plywood,
Inc.
(initial)
Poor & Co., class A
(quar.)
Co.
preferred
of
8-13
11-12
5-25
Co.
&
50c
5-24
1
4%
Rock
1
1
6c
15c
Oil
25c
6-15
6-10
$1
5-15
$1.37%
Co.—
6-30
30c
1
6-15
$3
25c
(quar.)
6-
•
75c
Ltd
(irreg.)
Co
Materials
50C
(quar.)
Corp.,
Pittston
5
$75c
(quar.)
Western Ry.
5
18c
—,
55-
11c
Fund
5-25
5-25
5-25
6-
6-
9-
6-15
Goods
Rocnester Gas
Sheller
„
14c
7c-
1
I
5-14
30c
(quar.)—
Corp. (increased quar.)
Robbins & Myers, $1.50 partic. pfd. (quar.)_
Robinson, Little & Co., Ltd., class A (quar.)
Sheaffer
pfd". A (accum.)
1st series prior preferred (quar.)„_
5V2 %
1
Co.—
$1.25
Pittsburgh
Youngstovvn
&
Co., 7% preferred (quar.)
Pittsburgh Plate Glass
Pittsburgh Steel Co., 5%
Richfield
5-28
6-21
$1.50
2c
Fund—„_____
RR.
7-
6-12
7-
Chemical—
5c
Preferred
Erie
preferred
(quar.)
Pittsburgh & Lake Erie RR.
.
7-15
Oil
1
12-
$1.75
Sears
15c
prior
&
Dry
Securities
53 VaC
6-15
6-15
6-
6-
$1.75
5-15
7
1
7-1
25c
87V2C
25c
(quar.)
5-15
5-13
7-
5-15
7-1
t$l
(quar.)
1
5-
5-24
preferred
1
6-19
6-15
preferred
6-
1
5-20
preferred
6-
1
5-15
6-10
1st
1
6-
1
2nd
6-
6-30
6-ii
1
6-
2nd
6-30
6-
r
6-
7%
1
50c
7-
7%
1
5-11*
1
7%
1
1
I
5-21
preferred
6-
6-
69-
6-10
1st
6-
75c
(quar.)
common
5-25
7%
6-
$4
(s-a)
Pittsburgh Coke
Ranch
Rice-Stlx
1
5-11*
5-15
6-15
}:75c
v
preierred
1
1
(initial)
(quar.)
Manufacturing Co.,
preferred (quar.)
4*V2%
25c
(quar.)
preferred
3.60%
7-
6-
1
9-15
J40c
}40c
J40c
Reynolds Metals Co., common
51/2% convertible preferred (quar.)
Reynolds (R. J.) Tobacco Co.—
25c
common
4-15
6-1
50c
15c
$1.25
$1.75
$1.18%
Fund, common
preferred
7-
91V4C
14c
,.
Co.,
5-28
5-25
$1,121/2
(Texas)
—
Copper
514%
6-30
20c
(quar.)
Inc.,
1
25c
(quar.)--,
(quar.)
preferred
1
30c
(quar.)_
common
;
preferred
66-
$1.25
common
Suburban
6-30
6-30
$1.50
Co.,
Pittsburgh Bessemer & Lake
5
5-
•
35c
25c
preferred
preferred
4J/i %
5
10c
„
6-
5-24
Pitney-Bowes,
5
5c
5-20
6-10
$4
5
9c
6-10
$1
$3.65
5
9c
5-21
5-27
Philadelphia Title Insurance
Phillips Petroleum (quar.)
Pillsbury Mills, common (quar.)
5
5-25
1
6-15
Extra
5
8C
5-20
5-14
6-
50c
(quar.)
Philadelphia Suburban Transportation (quar.)
5
9c
common
1
6-10
35c
$6
5
9C
6-
30c
25c
8
Philadelphia
5-25
$1.75
,
$5
9-15
9c
5-22
6-30
5%
6-15
$3
(accum.)
1
87 Vac
$1
1
(quar.)
(quar.)
preferred
Philadelphia
7-
6-
$1.12 Va
Co.
(quar.)
3ya%
5-14
$3
(quar.)
5-22
1
Co.
A
convertible
Revere
5-11
6-
(quar.)_
(quar.)
Investors
preferred
5%
5
A
common
Insurance
Extra
St.
6-
Co.,
preferred
Ruppert
6-15
(quar.)—
(quar.I.,.—
4%% preferred
preferred B (quar.)
Republic Petroleum
(quar,)
Republic Steel Corp., common
St.
$2
iquar.i
6 7e
1
Phelps Dodge Corp
L
Philadelphia Co., common
RR.—
)_j
Gear
Pfeiffer Brewing Co._
Pfizer (Chas.) '& Co.,
5-15
50c
preferred
&
Paul, Inc
Pfaudler
5-20
67c
1
5-15
pid.
Mfg.
Reuublic
1
1
1st
non-cum.
preferred
of
(quar.)
com.
uiain
$4.50
6-
1
Stores,
Republic
E-
6-
4%
(quar.)
Co., common iquar.)
3%%
preferred (quar.)
Remington Rand, Inc., common
5-
$1
Machine
preferred
Peter
Corp.,
Corp., 4%-%
7%
5-10
4%
1
6-
5-17
5-
25c
preferred
Owl
Relianci
6-
56c
preferred
Perkins
5-12
50c
Dock-
4'/2%
Perfex
5-31
$1
Telephone
Co.,
Remutoe
6-15
$1.75
1
50c
Knitting Mills, Ltd.—
non-cum.
preferred (quar.)
$1.60 non-cum. preferred (quar.)
$1.60 non-cum. pfd. (quar.)
8-1
1
6-
6-15
35c
Co..
$1.60
10c
6-
7
6-10
Regent
$1.10
6-15
5-
1
25c
5%
92'^C
(quar.)
Corp
(initial)
preferred
Peoples
5
6-15
B
15c
5
5-28
series
Engineering
Pennsylvania State Water Corp.—
$7 preferred (quar.)
Pennsylvania Telephone Corp.—
5-14
20c
(quar.)
(accum.
(quar.)
Electric Co.—
Pennsylvania
5-21
1
25c
Dry
preferred
1
1
7-
25c
(quar.)
Silk
Ross
quar.)
12c
of
5-17
31 y4c
$1.50
preferred
6-15
$1.25
50c
Mines/ Ltd._»
:?)fommon
preferred
4.4%
6-15
53VeC
Niagara Lower Arch Bridge Co., Ltd. (quar.)
Noma Electric
Corp. (quar.)
Nopeo Chemical Co., 4% preferred A (quar.)
shares
eonvertiui'C
Pennsylvania
5-20
7-
,.
Three
1
$1
Co
Co.
5-31
6-
$1
15C
i,1 Railroad Equip. Industry Series
}t
-Steel Industry Series
"Tobacco Industry Series
Diversified'; investment Fund
/ Diversified Industry Shares—
'Corporate Bond Series—
.North American
6-15
7
50c
3
Railroad Series
,
$35c
Co.
3
Series
Southern
5-31
9-
/ Oil Industry Series
'Public Utility Industry Series
&
5-
12-
Series„__
Norfolk
5-31
1
Industry Series
Industry Series
Norfolk
6-15
6-15
10-
50c
Shipbuilding &
Normetal Mining
5-20
115c
1-2-49
1
Noranda
5-20
$20c
62 Va C
Brake
Coast
1
1
7-
6-
5-31
25c
Co.
7%
5-24
6-25
62 V2C
(quar.)
Chicago & St. Louis
Diversified
1
C-
20p
(quar.)
.
Pacific
4
6-
*
$1.06 Vi
(quar.)
25C
Industry Series
r.; Chemical Industry
Series
^ Electrical
Equip. Industry Series
Food Industry Series
:
■:vM Government Bond Series
.//Insurance Stock Series;::M, Machinery Industry Series
Merchandising Series
;
6-
25C
(quar.)
Common
'.^•Building Supply
,
common
4
Automobile
,
62 Vac
6-
Stocks, Inc.—
/ Agricultural
Industry Series
\ Metals
6-
1
New York
.
6-15
5-17
7-
i
Corp
Telephone
Stock
1
5-29
Common
Co.
(increased quar.)
Bedford Cordage, 7% preferred
(s-a)__
New Jersey Power &
Light, 4% pfd. (quar.)
:"v New Jersey Zinc
Co.
Bank
7-
6-25
50c
7-15
60c
$1.50
40c
t25c
—
B
class
Hosiery. Mills, common
prior preferred (quar.)
Red
1
8
50c
Co
Peller Brewing, 5Vz7c
Peninsular Telephone
1
6-15
Real
5-20
6-
5-17
25c
Reading
5-15
6-
1
6-15
$40c
Common
New
0} Aviation
$2.50
4
Cotton
preferred. A
1
6-
6-
(Wm.l, Ltd., 5% pfd. (initial)
Brothers, Inc. (quar,)
;'//|6%
6-
5-17
6-15
25c
$1.25;,
Extra
Rice
6-15
$15c
(quar.)
A
$1
1
5-17
6-15
100%
——
(quar.)
$2
preferred
(quar.)
Ray-O-Vac Company (quar.).
5-21
6-
(Herman)
preferred
5-15
5
5-18
37 Vac
Nelson
m'6%
1
6-
75c
preferred
(quar )
Transportation (quar.)
3.7%
Neisner
Air
6-
40c
Gold Dredging (interim).
Mfg. Co., Ltd., common
(quar.)
preferred
(quar.)—
Peck
7-22
12VaC
(quar.)
York
6-
1
(quar.)
preferred
News
$1
25c
Co.,
Electrotype
Quarterly
Rath
Packing
Rayonier, Inc.
6-15
40c
(quar.)
5-17
6-15
*
Rheem
(quar.)
57o
Insurance,
3.8%
Newberry (J. J.)
Newburgh Steel
1
Feabody Coal Co.—
10-20
$1.75
common
.^Newark (Ohio.)
7-
1
Machinery
Steam
5-15
37'/a c
6-
$15c
5-3
1
6-10
(quar.)
Co.,
preferred
New York
1
5-25
6-
Co
Co.
1
'
Standard
New
8-
5-15
35c
Consolidated
$1
Tenn.
Tea
Newport
Paton
5-29
7-
I
4V» %
":t
5-10*
6-10
6-
$15c
(quar.).
National
Neilson
6-
$15c
National
Naumkeag
Pato
10-30
Randall
1
$1.12Va
Linen
National
5-10*
80c
s-a)
Service, common (quar.)
4Va% preferred (quar.)
57c, preferred (quar.)
National Paper &
Type Co., 57c pfd. (s-a)„
i
6-10
$4.25
1
6-
$1.25
(quar.)
Parkcrsburg Rig & Reel,
5-12
t
A
Co
Parmelee
Co.
preferred
National
8
7*
1
(quar.)
~'17o
6-
5-
6-
1
90c
Mfg.
Robinson
1
7-
60c
common
Foundry, $6 preferred
(Calif.), com. (increased).
67c
(quar.)
A
&
Rust-Proof
5-15
Welding
(quar.)_
A
Pen
5-28
2c
Class
National
&
Finance
6-10
6-
■
/Class
•'
Marine
Gamble
Parker
5-12
(quar.)
Products
(Minn),
(quar.)
Patterson-Sargent
Gypsum Co., $4.50 pfd. (quar.)
Hosiery Mills, Ltd., class B
National
Co.
7-
5-17
6-15
for
—
(quar.)—
preferred
Corp. (quar.)—
Oats Co., 6% preferred (quar.)
Oil Refining Corp.—
Power Co. (quar.)
.Rapid
6%
tl5c
Parker
1
1
$1.25
5-11
6-
6-20
6-15
5-25
Ltd.—
6-20
2
held
common
Bakeries
Quebec
6-20
2
5-
11-23
I15C
Can.,
5-10
2
7-
1
12-12
7%
6-10
7-
1
Lumber
5-20
4
7-
Mills
6-1C
5
6-
6-
Package Machinery
Pacolet Mfg. Co., 5% prefe-red ts-a)
Page-Hershey Tubes, Ltd
Paramount
Pictures, Inc.
(quar.)
45c
5-
5-18
,
$$3
Pacific
2c
Food
National
v-
Pacific
20 c
(quar.)
1
6-15
$1.12 Va
5-22
1
6-
5-29
(quar.)
8-23
7-15
5.
pfd.
6-12
5-10
5
7-
9-12
$1.06
Co.
preferred
Power
Car
Pacific
5-15
5-
5-
$25c
(quar.)
preferred
Pacific
9-16
6-15
(quar.)
$5 preference (quar.)
Pacific-American Investors, Inc.—
$1.50
preference
(quar.)
12-16
40c
1
6-15
50c
(quar.)
Tail
30c
Corp.
(quar.)
Gas, common (quar.)
Purity
5-20
6-
6-1
preferred
Ry. (s-a)
preferred
Otter
6-17
1
1
Co.,
convertible
Quaker
Light, Heat & Power Co., Ltd.—
1
9-
1
6-
6-15
6-15
$10c
common
conv.
&
6-
6-
4-23
JlOc
7-
$12VaC
Drug
(increased)
Beauty Supply, Ltd.,
Extra
$1.75
(quar.)
Cylinder
Convertible
Corp.
5-14
6-
5-25
1
15c
6-14
15c
2
90c
5-14
62'/2 C
(quar.)
7-
Oil
stock
common
Quaker State
1
1
6-15
$2
(quar.)
share
each
5%
5-10
66-
•.
6-
$1.12Va
(quar.)
12c
Common
f
preferred
Co
Inc
Pacific
Container
National
Tube
12c
Fibres,
4Vi% preferred (quar.)
National Dairy Products
.
4'/2%
6-14
50c
1
10c
12c
National AU'alfa Dehydrating &
Milling Co.—
5 %
preferred iquar.)
National
Co.,
5-15
—
Co
5-10
6-
55c
Oxford Paper,
(quar.)
1
25c
5-24
9-28
6-17
6-
50c
common
3
12.28
6-10
:
$25c
(quar.)_
(quar.)
6-14
$1.50
5-10
5-15
1
$$1.75
common
(quar.)
Seamless
50c
A (quar.)
preferred A (quar.)
National
7%
Ltd.,
Co.,
Industries,
37VaC
•('4.80% preferred
Anne
—
(quar.)
Ohio
'
:
Power
3
6-28
5-25 ;•
40c
5-14
$1.50
(quar.)
Telephone Co. (Hawaii)
National
Co.
12 VaC
preferred
National
Oil
$1.75
(quar.)
V ■; !
4,80%
preferred
6-10
$1.50
6-21
6-
$$1.50
(quar,.)
preferred
12 Va C
(quar.)
1
6-10
25c
(quar.)
7-
15c
pfd. (quar.)
5-15
Chemical
"j'ft 4.80%
Mills,
6-31
/
6-15
25c
'
5-20
20c
35c
:
1
25c
30c
(quar. I
6-
$$1
$1,75
common
5-17
—
35c
Corp.,
1
(quar.)___
Co.
Olin
s-a)
6-
$1.12 Va
(quar.)
(quar.)—.
Confection
6-
lc
-
preferred
Mutual
Co.
Flour
$2.20
Development
St
$7
preferred
(quar.)
i_:
Munising Wood Products, common (quar.)_
/%/S 57c convertible preferred (quar.)
Murphy (G. C.) Co. (quar.)___
Muskegon Motor Specialties Co.—
:!
$2 class A (quar.)
'
5-
5-29
lc
:
1
5-31
40c
Mining
"y
Mutual
$2
///*
7$%$ Extra
; J-Mullins Mfg.
Extra
6-15
6-
$1
40C
(quar.)
Candy
preferred
Ohio
6-30
25c
Fuel Supply Co
Producers "(increased
Mountain
,o
5-26
5c
2
1
6%
additional share of
Pure
Ohio Associated Telephone—
6-
6-10
20c
(quar.)
Oil
Co.
1
6-15
59 %C
(quar.)
Corp.
Diablo
*
1
$2
Corp.
Wheel
Mount
6-
25c
Paper Mills, common (quar.)
V 4% %
preferred
Morris Plan Corp. of
America, com. (quar.)
Mosinee
Paper
Mills
Motor
6-15
Co
Morris
'
preferred
7-
5-18
5-24
7-
93%C
(quar.)—
Pharmacal
t$1.75
'
5%
preferred (quar.)
Moore-McCormack Lines
4%
preferred
t$1.75
.
common
6-10
j 35c
$1.25
50c
$1.75
_
—
preferred (quar.)
Puget Sound Pulp & Timber (stock dividend)--—
5"'16-25/
.
preferred
(quar.)
Bancorporgtion
Northwestern Public Service
6-15
;$25o".
$1
5-28
7-15
5-25
$8%c
3%%
4 'A 7c
6-19
25c
Greyhound Lines—
(monthly)
preferred
•
15C
(quar.)
(quar.)
77o
8%
5-28
$1.25
6-15
2
6-19
Northwest
20C
(quar.)
Moore Handley Hardware,
$1.37 Va
$1.50
(accum.)
Corp. 'of N. J., com.
preferred
Payable of Rec,
Share
One
9-20
12-16
(quar.)
(6- 1
50c
Corporation, Ltd., common (quar.)___
4%
preferred (quar.)
/
7%, preferred A (quar.)
/
preferred
$12c
(quar.).
Moore
,
5 7o
Northland
of Company
preferred
6%
6-20
1
Nortliam
(Warren)
see
Warren
(Norlham)
Northeastern Water, $4 preierred (quar.)
Northern States Power
(Wis.) —
5-31
76-
1
10-
(quar.)
River Insurance (quar.)
Star Oil, Ltd., 7% pfd.
$440
,
Montreal
preferred
North
5-27
RR.
$5
12-16
12-23
Refractories Co._—
Pennsylvania
Nortn
5-14
9
6-25
,
7 %
5-14
6-
'
•
7%
1
6- t
$1.25
Carpet
Koiiarch ' Miachine
North
Name
Holderg
When
Per
>'
6-20
,
20C
'•
,,
North American
5-25
7-
20c
preferred
North American Investment Corp.—
." 5"a7o
preferred
(accum.)
67o preferred (accum.)
"5-28
6-15
7-1
/ 12-23
20C
80c prior
5-28
6-12/
Holderi
Public Service
87 Vac
87 VaC
—>
—
—_—
$1 '
When
Monday, May 24, 1948
Payable of Rec.
Corp.—
80c prior preferred™
80c prior preferred
'
Mills____i___„____________
50C
Molson's Brewery, Ltd. (quar.)
$25C/
Monarch Knitting Co., Ltd., common
$25c
(quar.)
4 Vie %
preference
(quar.)
$$1.12 Vi
Monsanto Chemical Co., common
5UC
(quar.)__
series B (initial)
/
$1.22
'$3.25 preferred A (quar.)
$1.62 Va
•
1
CHRONICLE
Share
-
Finance
preferred
6-1
6-
Minnesota Mining & Manufacturing—
/Common (quar.)
i
of Company
American
$1.37 Va
(quar.)
Minneapolis-Honeywell
Name
$1.27 Ya
—
FINANCIAL
Per
Payable of Rec.
North
(quar.)
f•:£10 preferredr (quar.)i;
&
Holder*
—
(quar.)
preferred
When
COMMERCIAL
40c
Carpet
/rCommon Jquar.hjV
,314%
preferred
(quar.)
'/'
«>{•■•.
...
;
ir<
Sfi'.(|
'
'
'
amR
w.
35c
87'/aC
V6-JQ
5-10
,6-, T
xar,
5-
„/•;/ '0
......v,..,:
j.i.unp)
•
Co.—
--J
.1
.'•f.
(2297) ' 53
CHRONICLE
FINANCIAL
&
COMMERCIAL
THE
-Number 4701
Volume 167
"
Per -■
Name
'
/V/v
Share
of Company
V
4%% pfd. (quar.)
Amusements, Ltd., class A
25c
6-15
5-14
United Air Lines, Inc.,
Soundview Pulp
75C
5-31
5-15
United
10c
6-30
6-
1
31(40
6-30
6-
1
United
Biscuit
60c
5-31
5-15
United
Board
25c
6-28
6-17
Bend
South
Works
Lathe
(quar.U-
...
—
Southeastern
Greyhound
Southeastern
(s-a)
_
62 ViC
7-
1
6-
1
4 ¥2%
10c
& Paper~ (
(quar.)__L____
California
4.88%
preferred
Southern
6-
4
5-20
Southern
Water,
Co.
Railway
5%
non-cum.
preferred
Life
Insurance
(Increased
Common
Sparks-Withington
Electric
6-15
5-A*
United
Gas
5-14
United
9-15
8-13
7-15
7-13
quar.i—
Co.,
6-15
66-
$1,371/2
6-1
5-18
$1.37%
_——
—
6-
1
5-18
& Sons,
preferred
Class
5-15
7%
7-
5
6-15
U.
S.
Guarantee
6-12
5-25
U.
S.
preferred
$1
8-
2
7-15
c
U.
$1
(Detroit)
Standard Accident Insurance Co.
Quarterly
Brands,
common "(quar.)
Inc.,
J_J_
Forgings
6-
1
4-30
6-
1
4-30
7-
1
6-19
1
Co.
of
$1
Cash
dividend
Stock
33/« %
of
(Five
preferred
Standard
Works.
Class
B
Truck
Steel
6-10
Baer
Stokely-Van
3
preferred
Coke & Coal
of
dividend
Stock
1
7-10
Universal
Winding
6-10
5-20
Co.,
Canada
Utica
5%
prior
preferred
2
6-15
5 %
prior
preferred
76-
Knitting
1
5-18
prior preferred
Vanadium-Alloy Steel
5%
7-15
6-30
6-25
5-28
Van
7-
6-16
Van
1
6-10
5-31
7-
6-18
Co.,
Inc
7-
1
6-
1
5-14
5-28
5-21
Vapor Heating Corp. —
5%
preferred (quar.)
5%
preferred (quar.)
5%
preferred (quar.)
Venezuela
Syndicate, Inc.
<s-a)
1
5-10
Verney
6-
1
5-15
Vick
6-
1
5-15
Victor
1
6-18
Chemical
5-25
5-28
5-14
Virginia
6-
1
5-14
Virginia Dare,
10c
6-
1
5-14
tlVic
7-
2
4-30
Coal
Roofing
Oil
&
5-28
4-15
1
6-15
tHiram)
6-
Toledo
6-
1
4
5-11
4
Ward
5-11
6-
5-11
5-14
5-28
20C
6-30
5-14
62V2C
62 %c
62 %C
1
1
6-30
6-
6-
1
7- 1
12-21
1-2-49
6-
2
5-14
6-21
and
1
6-
1
9-10
9-
12-10
12-
6-
1
7-
1
6-15
7-
1
6-
9
1
1
5-18
6-25
6-15
6-15
6-
1
$1
6-15
6-
1
See
Mills,
6-15
6-
6-
5-14
6-19
6-
5
6-15
6-
6-
1
of
is
6-
OR
6-91
The
6-1
per
6-11
6-25
common
No
1948.
5-14
6-10
preferred
(quar.)
Corp
5-17
6-15
5-17
Division
7-
6-18
President of the parent
1
S.
L.
5-#
6-15
5-20
.
6-15
5-20
7-
1
6-16
15c
—
6-
5
5-20
6-
1
5-12
Sugar
1
5-15
1
5-15
6-
7-15
7-
1
$1.43
10-15
10-
1
u'-es
6-
1
5-20
6-
1
5-20
6-
1
5-15
Wesiem
Western Pacific
6-16
6-
1
5-14
6-
1
6-
1
5-21
6-
1
5-21
6-12
6-12
$1.50
7-
1
6-
2
6-
2
stated
was
35c
6-
the
of
75c
6-
1
5-17
7-
1
6-17
Co.—
75C
8-16
8-
75c
11-15
11-
tl5r
7-
2
6-15
Common
(quar.)
75c
2-15-49
2-
1
7-
2
6-15
5%
$1.25
8-16
8-
2
per
11-15
11-
1
on
$1.25 2-15-49
2-
1
June
preferred A (quar.)
preferred A (quar.)
preferred A (quar.)
Inc.
(quar.)
(quar.)
95c
6-
1
5-10
Instrument
50c
6-10
5-24
$25c
7-
2
6-10
$$1.12%
6-
1
5-14
35c
6-
1
5-10
Operating
$1
7-
1
6-14
Uncollectible
12%c
6-
1
Union Asbestos
Union Carbide
$1.75
11-
1
10-22
of
Westvaco
Qhlorine
Whitaker
Paper
& Rubber
& Carbon,
(quar.)——
new
com.
(initial)
.
5-15
7-2.
7-
SOOv
1
;
;
6-
1*
-6*-4-
preferred
A
(quar.)'_
(quar.)
United Aircraft Corp., 5%
White's
r
—
6-10
9334c
5-20
——
preferred (quar.)
Auto
Whitehall
t
7%
Stores
Corporation
Oil
*
(s-a)_
(extra)
Co;
Wilkes-Barre
(quar.)
Lace Mfg._
65c
6-
1
5-17
Willson
6-
1
5-14
Wilsil, Ltd. (quar.)
*"'
(quar.)
Mfg.
preferred
$1.25
.';
Products
Co
Cement
non-cum.
Wilcox
"
Union Tank Car Co.
(increased quar.)
preferred
(quar.)
^Whiting
California
,
common
Common
6-10
President—
been
elected President, suc¬
ill health.—V. 167,
has resigned because of
who
May
declared
12
an
extra
dividend
of
25
cents
paid
company
an
extra
of
cents
25
share
per
each
quarter,
share.
share on the 6% cumula¬
tive
convertible prior preference stock, series A,
was also declared,
payable July 1 to holders of record June 10.—V. 167, p. 852.
The
usual
pavments for the
to $2
year
per
quarterly dividend of $1.50 per
Ltd.—
5-17
:•
has
Vice-President,
5-15
preferred A
preferred* B
1
5-25
An
5-10
6-
-6-15
10.
1
5-17
:•
1927.
Co.—New
the regular quarterly dividend of 25 cents per share
stock, both payable July 2 to holders
of record
extra of 50 cents was paid on April 2, last.
In 1947,
6-
1
-
proposal to increase the
to 1,500.000 shares. It
plans for the issuance
present
no
167, p.
a
shares
500,000
have
and
87 %C
6-
.
from
common
the
10-
75c
share
the
bringing total
(George)
17 lie
r
directors'on
The
5-10
7-
30c
.
approved
18
May
directors
Republic Steel Corp.—Extra Distribution—
1
5-15
Brake
27 Vic
—
$1.25
2
1
Electric,
27V2C
Underwood Corp.
oil
stock
Spicer,
6-
Ail*
Westinghouse
52V2C
—
852.
n.
the
Maddren,
6-15
Westinghouse
62V2C
(s-a)
(s-a)
shares outstanding in
Petroleum
25c
8-10
11-10
9-18
that
50C
8-lfi
11-15
1.
shares outstanding in 1948,
outstanding in 1947 and to
1946.
(Earnings figestimated provision for bad debt and Reposses¬
shares
366,625
Co.
$1.06 %
Weston
$176,822
2035.
p.
(quar.)
6-19
$434,013
on
after
167,
capital
ceeding C. C.
(quar.)
1
117,881
t$279,149
additional stock.—V.
H.
H.
Common
Electric
are
Republic
2
Common
Weston
313,452
6-16
6-12
5-14
5-13
294,703
171,091
302,637
stockholders
The
authorized
6-23
1
$2,426,101
747,465
Motors, Inc.—Authorized Capitalization Increased
Reo
9-16
6-15
stated
<\s
1
$1
1946
$2,784,878
450,240
share on 343,105
per
share
on
sion losses.—V.
8
$1.75
1945
1947
$3,771,948
444,366
on
cents
per
share
per
5-14
$1
25c
(quar.)_
(& Subs.)—Earnings—
1948
8-12
$1.25
(quar.)
RR.
1
8-16
$1.25
Securities
Insurance
preferred
7-
75c
Utilities, $6 preferred
West Virginia Coal & Coke
Western
Auto Supply, (quar.)
Texas
4 V2 %
•
852.
p.
t$276,757
taxes
to 81
cents
76
6-
_
cents
Company's Share of the Earnings of the Frank Corp.)
profit
::,Equal
15c
—
T"
Extra
25c
Quarterly
Tyler Fixture Corp.,
5 %% preferred A
5Y2% preferred B
25
167,609
Fed.
''Net
9-30
—
of
$4,593,012
for
$15e
(quar.)
.
5-15
1
75C
(s-a).
Stores Corp.
the
income
35c
25c
Corp.
a
profit after charges
Prov.
6-
$1.75
rr—
West
3.8%
dividend
extra
an
firm.—V. 167,
sales
7-
(s-a)
Co..
Net
to
5-25
Unit, Inc.—
^
V
Sales Manager of the Eagle & Phenixr
subsidiary, has been elected a Vice-
General
Jr.,
Fairforest
Net
6-
35c
(s-a)
20c
6%
preferred
(accum.)
208 South La Salle Street
of
Reliable
20C
:t15e
Troy & Greenbush RR.. Association
declared
17
3 Mos. End. Mar. 31—
25C
-
6-15
3V2%
Lewis,
(Exclusive of
35c
Petroleum
5-10
1
SEC—
filed with
was
5-10
6-12
$1.13
6-10
6-
Curb
Vice-President Elected—
New
6-15
(quar.)
1
5%
extra
7-15
2
$1
common
1
(Dallas)
notification
May
on
2
Produc¬
Wellman
5%
Newark,
York
New
stock,
8-
50c
(Walt)
Disney
Wayne
Knitting Mills
Wellington Fire Insurance
5-28
has been
he
Co.,
the usual quarterly dividend of 25 cents per share on,
both payable July 1 to holders of record June 3,
was paid in 1947
share and
the
6-
62 ¥2 C
7-
6-10
and
&
Brothers, Inc.—Declares Extra Dividend—
directors
$1
6-
25c
Exchange
With
Corp.—Files
letter of
a
40c
12 Vic
Corp
13
$30c
75c
,
Ilanauer
1475.
p.
20c
Engineering Co
Wesson Oil & Snowdrift, $4 pfd. (quar.)
West Disinfecting Co., common
(quar.)
$5
preferred
(quar.)
1
,
,
government
B.
($2.5C
1
25c
Tudor City Fourth
May
Reeves
5-17
6-21
62 Vic
25c
(quar.)_
J.
of
(he SEC for 6,000
par) common stock, to be sold by Charles S. Pa.vson
New
York at the market price of from
10*14 to 11.
Underwriter
Tucker, Anthony & Co.—V. 166, p. 471.
5-21
1
6-
1
5-18
5%
167,
tirm
York Stock
New
37 ¥2 c
30C
(quar.)
the
municipal
in
the
with
1
1
6-16
West
activities
his
1945
Reed-Prentice
On
shares
1
Indies
Commissioner of Public Works of Newark, N. J.,
(from 1933 to 1941), has been elected
•
* '
'
-s,
*
,
to
since
Exchange.—V.
5-14
Waterloo, Cedar Falls & Northern RR.—
6-
of
5-14
6-
1
Warren
7-15
S1.49
assets
current
that city
of
members of
J.,
1
<61
.
$4.50
$2,16
shows
31,
1
7-
6-15
March
Tube Corp.—Ellenstein a Director—
(Pa.)
Mayor
addition
In
associated
N.
6-10
former
director.
a
6-10
5-12
$1
A
sheet
balance
Meyer C. Ellenstein,
9-20
1
6-
6-15
248,469
1
stock
6-19
10-
30c
(quar.)
313,102
dividends
5-14
75C
7-15
50C
_
(quar.)
$1,789,185
313,102
income-..
$24,490,143, and current liabilities of $5,907,220.—V. 167, p. 1698.
6-
$31 %c
Common
(quar.)_
common
1,162,000(
$2,460,679
net
consolidated
The
50C
$12c
Ltd
Co.,
12 Vic
preferred
1,733,164
Earned per share on common
10c
93 %C
Ltd.,
3,483,609
532,423
income
on
dividends
Common
$1.25
Baking
6-
25c
Co
4(4%
4.850,376
656,533
operations
and
taxes
Preferred
$1.37%
—
(quar.)
Works,
$11,820,711
depletion
from
6-15
6-
22V2C
Co., common
preferred (quar.)
(Northam) Corp., $3 pfd. (quar.)
Warren (S. D.) Co., common (quar.)
31 "4 c
Quarterly
$3.75
1
6-10
25c
Iron
Oil
6-
5 ¥2%
50C
Trinity Universal Insurance
Union
6-21
50%
Common
60c partic. class A (quar.)
Transue & Williams Steel Forging
Uarco,
1
Warren
Realty & Construction—
Edison.
86,45a
Gooderham & Worts-
Extra
571/2 C
Quarterly
Quarterly
Toronto
7-
t37¥aC
Disney.s
Wamsutta
1
25c
(quar.)
Inc.
income
Consolidated
Quarterly
Walt
5-21
6-15
$1.75
(quar.)
(increased)
i
95,715
(tons)
sales
Federal
(quar.)
5% preferred (quar.) —
com.
(initial quar.)
class
Co..
&
5-18
6-
3c
Bearing
Gas
two
Co
Ltd.,
Walker
5-15
1
$1.35
—
(quar.)
com.
products
$15,406,937
Net
Net
tions
(quar.)
Products
first
Corp. (quar.)
Waite Amulet Mines, Ltci
Walgreen Co., common (quar.)
4%
preferred (quar.)
25C
(quar.)
Oil Co., com
Co.,
Roller
Tishman
j
6-
$5c
Brewing
Treesweet
•
1
25c
—
(quar.)
Co
Toronto Elevators, Ltd.
Trico
6-
25c
preferred
Timken
Tivoli
5-10*
6-15
$12 Vic
(quar.)
(stock dividend)
(initial)
1
Depreciation
& Iron
Walker
&
Tide Water Associated
Tilo
5-28
27c
Extra
preferred
5-10
Mfg.
50c
$3.75
7-
5-25
divi¬
Virginia Elec. & Power,
$5 preferred (quar.)
$2.30
4%
two
50c
6-15
25c
Inc.,
7-15
>
1947
1948
3 Months Ended March 31—
Sales—wood cellulose
20C
5c
Extra
Mills
50c
Rayonier, Inc.—Earnings—
4
30C
25c
37'/2C
(quar.)
Products,
6-19
(quar.)
Equipment
Viking Pump Co
Taylor & Fenn Co.
4.32%
convertible
Thomaston
6-30
(increased)
Vogt
Thompson
6-
10c
25c
(quar.)
Manufacturing
Viceroy
Ltd.—
Co.
,
5-25
6-10
Corp.
Virginian Railway, common
6%
preferred (quar.)
common
Corporation and
Investment News' "
$1.25
$1.25
5-14
Shovel
7%.
tax.
(Continued from page 16)
7
6-30
—
5-14
New
5-
25C
5-17
Thew
lax
tax.
income
General
6-30
-
1
The
income
Jamaica
■
.
1
6-15
Co
Norman
Raalte
$1
(quar.)
preferred (quar.)
convertible preferred
Fail*.
See Fair (The)
6-
50C
75c
25c
common
$1.25
dividend.
.
? i '
Canadian non-residents' tax.
deductible at the source,.' Non¬
this
for
5-17
(quar.)
(quar.)
(quar.)
1
common
(quar.)
closed
resident
15%;
British
30%
5-24
1
tax
Less
xLess
Co.—
1
Inc.,
not
Reading
9-15
12-15
6-
Textron
6-10
ITpson Company
O-^O
25c
Works, 7% pfd.
Oil (quar.)
$1
15c
25c
5-24
50c
6-
Coal
6-10
$2 V2C
6-
Water
books
6-14
6-
6-10
(quar.)
15c
Pacific
1
common
50c
Haute
5-15
7-20
5-14
6-22
6- 1
Car
Door
5-15
7-
25c
75c
Texas
1
approval)
to
Corp.
Terre
5-31
7-31
6-15
6-30
6-15
6-15
6-
(quar.)
12-31
56c
<quar.)__
is-a)
1
2
1
5-31
37%c
(quar.)
Tube
&
Steel
current year.
preferred
Mines, Ltd
6-15
6-30
15c
pfd.
5-19
6-19
7-19
5-14
5-15
1
6-15
1
$3
the
for
convertible
90c
25c
2nd
1
7-
6-15
40c
8-
25c
(quar.)
6%
7-
$1.25
Inc.
Tampax,
Inc.
Co.,
6786-
4
Sheet
Steel
a
*
50c
Talon,
Power
6- 1
C- 1
6- 1
5-15
•
10c
resident
8-31*
11-30*
Products
$15c
A
Telluride
5-31*
6-20
9-20
Co
(subject
Insurance
$1.25
preferred (quar.)
Taylor Pearson & Carson Ltd.—
5% convertible preferred (quar.)
Technicolor, Inc.
Teck-HughPs Gold Mines. Ltd. (interim)
Telephone Bond & Share—
7%
1st preferred
(accum.)
6-25
4-30
4-24
Co.
tPayable in U. S. Funds, less 15%
tPayable in Canadian funds, tax
60c
half of the
first
Universal
Class
Taggart
(quar.)
Cab
•Transfer
12-20
(quar.)
consists of
$1.25
participating preferred (quar.) —
Sun Oil
Co.
(quar.)
Superior Tool & Die (quar.)
Swan-Finch Oil Corp., 6% preferred (quar.)
4%
2nd preferred
(quar.)
Sylvanite Gold Mines, Ltd. (quar.)
Syracuse Transit Corp
1
2
$12 %c
each
50c
7-10
|20c
Oil Co.,
A.)
6-15
56%C
Oil
payment
5-15
J60c
(D.
7-
(s-a)
1
Common
Stuart
6-
$2
common
Lines
above
Upper
(quar.)
A
6-14
$1
Corp., Ltd
8-
6-
class
Screw,
Corp.,
5-29
60c
75c
Stowell
The
Corp.
Corp.
J; 5-20
5-14
62 %C
(quar.)
Consolidated
Universal
the
25C
Furniture
-.,.>-31
quarters of 1948, and a special of $2 for
(quar.)
prior
Storkline
5-19
50c
5-20
6-
$1.25
Inc.,
5-17
5-28
5-31
5-15
5-15
m
6-21
6-15
6-15
6- 1
25c
25c
25c
10c
10c
(Irreg.)
Co.
Youngstown
1
Corp., $4.20 2nd pfd. (irreg.)
Stove
Co.
(irreg.)
Wallpaper, 4% preferred (quar.)
United
3
Co.
Worsted
Youngstown
6-15
common
1
25c
(quar.)_
Acid
(quar.)
Camp,
6-
50c
dends
15c.;
Fuller
&
5-
&
pfd
6-15
Stores
tlOc
4'/2
1
(Rudolph)
convertible preferred
6%
35c
Universal
Textiles,
Stern
7-
(quar.)
6-24
Bros., Ltd.
Sterling Drug, Inc. (quar.)
Stonega
Steel
S.
United
tl5c
Electric Motors
Motor Truck
6-15
70c
7-15
Stedman
&
S.
U.
5-29
United
(quar.)
1
70c
93 %c
Lithograph
7-
Yellow
62 Vic
5-24
5% preferred (quar.)
5%
preferred (quar.)
Sterling
Sterling
U.
5-29
1
8
6-
6-30
(s-a)
Extra
Youngstown
5-
Supply
Btecher-Traung
5% preferred
Wyandotte
6-21*
22 %C
1st preferred
6-14
5-28
5- 3
7-15
6-15
6-15
5-28
6-1
6-30
6- 4
7-10
6- 1
6- 1
25c
Monthly
Monthly
50C
6-15
(quar.)
Fuel
Wurlitzer
6-21*
1
$1.06%
37 % c
(quar.)
Inc., common
Brock, Ltd.
A
(quar.)
6-21»
6
7-
(s-a)
preferred
6-15
200
(quar.)
< quar.)
Class
Stanley
6
7-
$1.75
(quar.)
5-14
6-30
6-12
6- 1
7-31
6- 1
Spring & Bumper
6-15
6-
$1
each
7-
(quar.)
& Lithograph,
non-cum.
S.
4 V2 %
Jersey—
Railway Equipment Mfg.
Wholesale
Phosphate
Standard
8%
U.
United
for
20c
(quar.)
Co., common
IjC
shares
5-17
preferred
35c
$1.75
$3.50 preferred
(quar.)
common
5-15
1
75c
6-10
Ohio,
1
6-
Co.
Rubber
S.
5-11
held)
Oil
Printing
U.
5-11
6-10
(irreg.)
dividend
shares
Standard
New
6-
22 ¥2 c
50c
S.
5-14
6-10
(quar.)
of Kansas,
Standard Oil Co. of
6-15
50c
12 Vic
Standard Oil of Kentucky
Extra
$1.06%
—
Potash
5%
5-10
Co.
—
5-17
6-14
■
Co.
70C
S.
5-20
5-28
Extra
Oil Co.
preferred
Extra
6-
Oil
prior pfd.
Jr.
Pipe & Foundry Co.-r-
S.
U.
20c
Oil
5%
50c
common
Quarterly
Quarterly —
U. S. Playing Card
5-15
40C
Standard
Mfg.,
Wrigley (Wm.),
Monthly
Quarterly
1
1
(quar.)
Standard
Standard
Lines Co.,
4¥2%
flOc
—
Corp.
Indiana
S.
U.
Dredging Corp.—
convertible
preferred
Worumbo
5-18
Leather
U.
$1
(quar.)
(quar.)
(quar.)
of California (quar.)
5%
6-
'6-
40C
S.
5-24
5-14
6-15
50c
Coosa-Thatcher
$1.60
Stix
4
6-15
6-
36'4 C
87 % c
common
5-26
5-26
1
6-30
$1.12Va
$1.12M»
$2.50
(quar.).
(quar.).
prior preferred
prior preferred
6
Co
participating preferred
Co., class A
4(4 %
cumulative
6
(quar.)
U.
$$1.25
Chemical, Ltd.,
Standard
Stem
6-10
convertible
5-28
Gypsum
S.
5-28
-t-
& Seal Corp.—
convertible preferred
(quar.)
Standard
a
7-15
7
6-20
Cap
preferred
State
2
6-
4M>%
7-
B
preferred
U.
preferred ;(quar.)
5 %
8-
94c
(quar.)—
(quar.)
Co.
7-
Co., common
preferred (quar.)
Hoffman Machinery Corp.—
40C
W.)
(quar.)
Canada, Ltd. (quar.)
6% pld. (s-a)
Worthington Pump & Machinery Corp,—
New
common
(initial)
5-14
5-14
20c
6-1
(quar.)-
1
1
$1.75
5-14
5-25
25C
common
66-
$5
Casualty Co.. 45c cony, preferred (s-a)
U. S. Foil Co., class A
6-15
—
Mfg. -Co.,
5-14
1
6-
(F.
Co.
2Vi%
6-10
(quar.)
A
Governor
17%%
———
t3c
(quar.)
$4 preferred
Staley (A. E.)
5-28
53c
S.
7%
6-29
Wool Combing Corp. of
Woolworth & Co., Ltd.,
4%%
5Cc
common
Woodward
5-24
50c
$1,121/2
Ltd
5-14
6-10
58y3c
—
(monthly)
United Pacific Insurance Co. (quar.) —
Universal Pictures, 4 V4% preferred (quar,)
U.
Industries, Inc., common (quar.)..
preferred
(quar.)
Co., Ltd. (quar.)
6-10
6- 1
7- 1
$1.20
;
25c
SIVic
*50c
25c
$40c
a3%
50c
Mfg.
Woolworth
Bonus
5
>
(s-a)
—
(quar.)
convertible
5%
Woods
25c
—-
preferred (monthly)
Ordinary v(final)
5
6-15
10c
—
(quar.)
Wisconsin Power & Light, 4V2% pfd.
4.80% preferred (initial quar.)....
65C
Cos
prior preferred
1
—
-
preferred
75c
(quar.)
Coal
Improvement
prior
$1.75
—
6%
prior preferred (monthly)
United Molasses, Ltd.—
5-15
1
6-
45c
$1.50
—
Corp.
40c
Products, Inc. (s-ai
Springer Sturgeon Gold Mines,
R.)
7%
6.36%
—
common
pfd. (accum.)
common.,..
——
3.60%
1
25c \
$1.06V*
$50o
$$2.50
;
25c
25o
$1.50
90c
$1.12'/2
—-
(s-a).——
Corp. <s-n)
-
Bankshares
Wisconsin Electric Power,
6% preferred
(quar.)
Light & Railways Co.—
B
Dyewood Corp., 7%
common
preferred
non-cum.
Woodall
Elastic
Sports
Standard
6-11
—
Spencer Kellogg & Sons (quar.;
Spiegel, Inc.," $4.50 preferred (quar.)
$1.60
4-30
7-
United
—
preferred (quar.)
Spear & .Co., $5.50 1st pfd. (quar.)
$5.50 2nd preferred (quar.)
Standard
5-31
$1.25
(Dallas)
Co.
convertible
$3.50
t.25c
United
Quarterly
Southwestern Public Service
Standard
6-
5-17
•
Standard
5-28
6-15
to-lD
(quar.)
Southwestern
$3.75
6-10
5-17
6-
iquar.)
$4
50c
40C
Fastener
(quar.)
Chemicals, Inc..
Corporations, Ltd.
1
6-
75C
preierrea
(E.
5-20
„—
1
25c
(quar.)
non-cum.
Squibb
5-12
6-10
(quar.)
United
$0.2656
—
5%
5-12
5-25
preferred (quar.)
Carbon Co.
United
5-
(quar.)
pfd.
5%
6%
5-25
50c
«—
non-cum.
Class
4%
5-18
Electric,
Wisconsin
5
1
5-31
30 Vic
(quar.)
1
6-
,
Carton,
5-14
6-
$1.12%
(quar.)—
preferred
Winnipeg
25c
Edison—
California
4(4%
$4.25
5-15
25C
Co.- of America—
40c
preferred
5-15
5-31
H older$
Payable of Rec.
Share
t
Company, Inc., common
preferred (quar.)
5-31
$50c
&
of Company
&
$50c
$1.50
6%
United
Southern Advance Bag
Southern
Wilson
United-Carr
5-17
(quar.):
Name
5-20
When
Per
Holders
I
6-
$1.12%
—
B
Common
-
6-18
40c
Public Service——™
Lines
Class
.
Payable of Rec.
United
South Carolina Electric & Gas, com.
5% preferred
(quar.)
„—
w.
Share
f Name of Company
Socony-Vacuum
Oil (quar.).
Co. |quar.)-_-_-»-——
Sonptone Corp., common iquar.i
$125 convertible preferred A (quar.) ——
When
Per
Holdert
When
Payable ofReo.
4
Products,
Inc.
(quar.)
.
—'
———
—
.
..
1
30c
6-15
6-
10c
8-16
30c
20c
6-10
5-28
$250
7- 2
6-
1948—Month—1947
oper.
rev..
Operating revenues
Operating expenses
Operating taxes
__
.
$753,553
649,073
81.100
1 "...
5-15
1
1948—3 Mos.—1947
$2,108,209
3.276
2,489
$708,720
.
$2,244,470
$2,241,194
$2,105,720
,533,629
1,888,763
251,437
104.161
Net
—V.
operating income
after
charges
167, p.
1698.
1,579,359.*
310,161
"
I
ij.ui'
Ngt
,
$709,533
813
$754,867
1,314
revenues
7-30
6-
Rochester Telephone Corp.—Earnings
Period End. Mar. 31—
$23,380
nnA7O,930
—2,525
44,730
$100,994
-
$216,209
'
21,367
137,71»
.
54
(2298)
-
THE
COMMERCIAL
&
FINANCIAL CHRONICLE
>
Rike-Kumler Co., Dayton, O.—Annual
,
Report—
Years Ended Jen. 31—
Net
sales
1948
<
■'
assets—
1947
<
and sundry
other income.
' V
60,372
receivables
(less
Income
Total
goods sold and operating expenses
Provision for depreciation
Provision
Fed.
lor
taxes
income
on
24,081,744
149,108
700,000
(estimated)
Claims
22,190,102
for
118,841
Property
861,012
Excess
and
of
Net
income
$1,122,225
338,994
—
($3 per
share)
—
BALANCE
SHEET,
JAN.
PCasli
tax
sales
$802,574
Merchandise
last-in,
$916,527
30,540
2,677,834
cost
reserve)—
2,039,757
(less
yrs.
_
Notes
2,368,088
146,632
Taxes
Dividends
3,111,733
141,777
2,239,949
131,764
$7,722,395
estate, store fixtures, and equipment (at
cost, less reserves for depreciation)
Supply inventories, defd. taxes, & prepd. insur.
Dealers'
44,401
note payable (portion due within 1 year)
Accounts
payable —
4;' Accrued local and state taxes (estimated)
129,749
taxes
Mortgage
note
payable
V' Com. stock—no
Earned
in
income
on
745,340
(estimated)
119,065
(non-current)
451,992
6,062,469
Total
5,279,238
$9,126,917
.
——
(stated
($1
$7,722,395
began
plications
—V.
1698.
167, p.
the
of
to
However, premiums
1948
194^
increased
$4,452,132
$3,290,265
18,551
discounts returns and allow.
7,373
income, cash discounts, etc
1,244,996
tive
in
April, and
do
to
Total
Cost
$4,470,683
goods
of
and
automobile
management
business should
ance
Depreciation i—_I
^Interest and debt
■
Provision
$3,297,633
3,628,884
2,913,176
sold
39,300
taxes
Reserve for decline in
Net
>
repair
charges
prices
that,
be
have
from
The
have been substantially
off.
It
is
the
is
company
52,054
were
$493,294
for
for
reserve
$205,949
75,000
of
belief
of
entering
this
March
on
31
last,
entitle, the '-holder's
share.
a
to
pur¬
Attention
owning warrants is called to the fact that they expire
Aug. 1, 1948 and will have no value thereafter.—V.
167, p. 1368.
9
on
Earned
;
,
of
profit
$418,294
share
per
Funds
net
have
$205,949
July
1,
$2.95
$1.24
:—
Period End. Apr. 30—
Peter
Ryan,
of
the
was
Fortune Ryan,
Current
Ryan,
Assistant to
this
first
President, has been elected a
which His late father, Allan A.
corporation, of
President,
which
and
his
grandfather,
Thomas
founded in 1904.
Earnings
Record
Output,
Deliveries
and Sales—
Maxwell
V.
President, in announcing Mr.
the board of directors,
j
of
sales,
Repairs
Ryan's
election
by
Definitive first mortgage 4%
able for delivery at the
bonds, due Jan. 1, 1997, will be avail¬
company's office, 120 Broadway, New York,
N. Y., in exchange for temporary bonds on and after
May 20.—V. 167,
p. 2137.
of
Gould,
1.
this
corporation
York
Vice-President
and
the
traffic
will
inaugurate daily DC-6
Scandinavian
capitals,
Consolidated
Dividends
and
Copenhagen on Mondays; eastbound from New York via Oslo on Mon¬
days and via Copenhagen on Thursdays. All of these flights will
terminate in Stockholm, the airline's official said.
order
to
accomodate
daily DC-6 schedule with
to
Sept.
19.
early
fall
number
a
Terminating
bookings
of
extra
SAS
DC-4
will
augment
in
| SAS is
liners,
V.
delivery
currently accepting
seven
of
which
will
be
of
used
a
on
fleet of
its
10 brand
North
12,642,590
16,457,620
the year
18,848,363
1.5OO O00
income—;
—
Sell.,
SHEET,
S.
U.
(market
notes
other
and
56,538,057
3,673,891
3,667,998
charges
—
and other assets—
investments
4,848,347
4,848,347
7,286,991
advances
and
Ind.—25c
-1
Scranton Electric Co.
(Pa.)—Bonds Placed Privately—
1, the company sold privately to a
group of
insurance companeis
$3,000,000 of a new series of 3V8%
On April
first mortgage bonds due
1978.
The
proceeds will be
improvements.—V. 165,
payable
taxes
—
1
Other
accrued
Other
accruals
Reserve
for
Reserve
for
taxes
unfilled
orders;—
instalment
accts.
sold-
contingencies
—
par
value
surplus
255,907,220
1948
ihcome
"Restated
1947
$4,163,439
2,339,660
$3,452,196
347,889
527,000
291,868
489,569
$948,890
II
Net income
Portion applicable to
minority
in
1,873,519
some
yeav
and
23,625,304
shares in
1947.—V.
167, p.
1699.
v'
•
—.
interests..I_II_II
Provision
Net income before
non-recurring
Net non-recurring gain
Net
items
$948,890
544,712
$948,890
$1,340,276
7.4 times
11.7 times
Times preferred dividends
earned:
Before
non-recurring
tEarned
Before
items
non-recurring
II
items
III
7.4 times
Including non-recurring
f°r
tlSf'XS
and 784,581
w
$329,851/
on
shares
items—..
losses
on
(Based
March
14
declared
Dec.
p.
29,
23
in
1947
cents,
1156.
were
plus
a
as
"■'»
$1.01
$0.93
1.01
1.62
1.,^,
receivables, less recoveries:
on
dividend
a
follows:
capital
■;
On
gain
of
June
10
30,
dividend of
■
•
1948,
March 31, 1948
The
the
1948
593^,
and
summary
asset
cents
per
share,
'
19
23
'
cents
and
cents.—V,
on
gen.
$46,737;
$0,900,000;
accrued
cumula¬
$5.50
1948—12 Mos.—1947
$6,954,911 $32,338,846 $26,545,209
2,814,321
13,189.402
9,905,643
Crl04,286
Cr412,436
86,610
°Of
614,600
210,788
2,131,360
287,090
$1,066,940
outstanding
*$473,404
791,627
share
per com.
amounts
—
306,969
1,748,066
55,945
taxes
income
Earnings
costs
791.627
$0.34
incident to
conditions.
war
$3,883 290 *82,619,069
791,627
$1.09
equivalent to
tory losses resulting from
791,627
$3.89
$2.29
inven¬
expansion plans,
(Before
approximately $(,100,000 net royalties received, awarded to
company following arbitration
a dispute between
contracting parties as to company's right thereto,
has been transferred to
surplus.—V. 167, p. 1592.
of
Sinclair Oil Corp.—Plans to Put Stock on
Regular $2
Dividend
Basis—Earnings
Higher—Charter
Annual
Made
At
Perpetual—
the
annual
meeting held on May 19, Harry F. Sinclair, Presi¬
stockholders that he would recommend
to
directors
at
next month that the dividend be placed on a
regular
50-cent
quarterly basis.
This
would
increase
the
annual
rate
to
$2
a
year.
Shareholders received 25 cents
quarterly m;./1947.
An
extra of 25 cents and
&
quarterly of 25 cents were paid on' Feb. 14
and May 15, this year.
told
meeting
The
earnings
for
the
first
of
quarter
this
year
were
than
more
those of the corresponding three months of
1947, Mr. Sinclair
declared.
The net for the March
quarter was reported to be about
equal to that of .the first half of last
year, when net income amounted
to $20,470,207 or $1 71 a share.
Mr.
Sinclair said also
that
the
company now has 91 drilling rigs in
will be 125.
Gross production of the com¬
100,000 barrels and, with casihghead gaso¬
line, crude oil currently will run around
135,000 to 140,000 barrels,
including 20,000 daily from Venezuela.
Mr,
Sinclair further esti¬
operation
and
at
pany
mated
the
barrels
The
exceeds
refining capacity
by the year-end.
stockholders
existence
existence
have
there
soon
present
that
300,000
of
approved
the
specified
expired
Sinclair
in
the
from
the
23,
day
of
depth
of
the
company's 2-D
have production
wells
found
was
at
brought
company
the
also
Amsden
in
of
280,000
and
to
50-year
make
term
incorporation
gravity
feet.
The
was
the
22
formation.—V.
well
167,
No.
brought
of
would
one
mile
on
April
in
March
affiliate,
the
for
Wertz
24-hour
two-inch
26. ' Both
production
pool
850
test
tubing
southeast
Oil
Wertz
the
in
a
formation.
in
in
in
a
about
its
well
16
through
is
depth
that
another
Madison
shallower
No.
oil
well
which
from
announced
in
Wertz
34
its
The
articles
company's
well,
a
between
recommendation
perpetual.
original
corporation
had brought
Co.,
7,928
reach
directors'
1969.
the
Wyoming Oil
a
would
the
corporation
in
Sept.
on
pool in Wyoming.
The
flowed
1,520 barrels of
when
barrels
the
daily
1851.
p.
of
and
4.20%
$102.50
The
167,
asset coverage of its prior stock was $141.28
the asset coverage of its convertible stock was $23.45
the
W WW prior
per
per
•
share,
share,
s»iock.
is
redeemable,
time
on
March
1,
any
redeemable
30
placed
in
the
will
on
net
through
general
the
make
New
Co.
Preferred
—
funds
option
notice
and
application
the
company, in
a share
if
$107
of
at
the
$104.50
sinking
a
fund
share.
a
Stock
for
the
listing
of
the
Exchange.
(amounting
of
of
at
thereafter
operation
York
proceeds
at
days'
1953,
time on 30 days' notice at $104.50
preferred stock
to
company
$4,952,250)
and
will
for
used
be
general
including expansion and betterment of plants and
purposes,
facilities.
,
During the past two years the company has been in the
process of
expanding and modernizing its manufacturing and
distributing facilities
and further expansion and
modernizing programs are now contem¬
plated.
Its subsidiary, Sloane-Blabon
Corp., expects to complete the
major portion of an expansion program in 1948.
This will result in
doubling
its
production
capacity of hard
surface
floor
ucts.
covering prod¬
The company has already loaned
$2,000,000 to Sloane-Blabon
against demand notes and intends to advance
approximately $4,000,000
additional to Sloane-Blabon during 1948 and
1949 towards completing
its present construction program.
"
.v,
In
addition
Blabon
to
of business
If
the
well
as
and
tories and
the
to
as
supplies
to
be expended
required
or
by
for plant
the
Dec.
'
'
'
;r'
in
to
over
Alexander
founded
principal
:'"i
Road.
taking
which
moved
The
BUSINESS—Company
1873,
Smith
its
the
Yonkers,
plant
the
N.
and
''soft
Smith
Y.,
Velvet
of
v
:
weaves,
1845
executive
incorporated
and
the
in
the
business
pf
principal
West
'
ip
•
or
>'
New
a
co¬
interest.
Farms
N
Y
company
offices
now
main¬
Saw
Mill
River
on
■
floor
carpets
had
in
where
is engaged principally
selling wool pile ruge and
surface
was
assets
business
cqmpany
and
)
,
securities,-
AND
and
tains
f
funds
Alexander
later
Sloane-
are
required for the purposes outlined above,
Sloane-Blabon may provide them out of their
cash
from the proceeds of the sale
of additional
31,
partnership
and'
or
borrowing.
York
improvement^,
company
and accounts receivable.
A higher volume
increases in labor costs and in
prices of various
have resulted in larger investments 'in inven¬
accounts receivable.
additional
company
resources
amounts
capital may be
carry inventories
materials
consist
assets and" liabilities shows that pn March,
coverage of the corporation's .2*/$%
debentures was
also
is
stock
at
before
or
PURPOSE—The
as
Inc.—Quarterly Report—
part,
LISTING—Company
new
Carpet
May 19 offered 50,000 shares
preferred stock (par $100)
at
share and dividend.
preferred
on
and
any
Sons
on
cumulative
in
or
share
&
associates
per
new
whole
Smith
Offered—Morgan Stanley & Co., Dominick & Do-
minick
;':L'vI
of
after' allowing lor ImoO ' per
&
Com. shares
turing
Selected Industries,
on 815,115 shares
31, 1947.
May
19.8 times
per common
share outstanding:
non-recurring items..
on
payable July 1 to stockholders of record June 18. A like amount was
paid on April 1, last. Previously, payments were made semi-annually.
Dividends
income
Including
directors
purchased,
debt,
1948—3 Mos.—1947
income
on
from
Selected American Shares, Inc.—To Pay 10c Dividend
The
$795,564
funded
3,730,506
—
for Fed.
HISTORY
1,676
$360,544; due for securities loaned
securities
for
Depreciation
$797,240
paid
Provision for taxes-
601,681,660
instances to give effect to reclassification made
ended Jan. 31, 1948.
(After reserve for collection and
doubtful accounts of $8,629,369 in 1948 and $6,084,595 in 1947.
(After
reserve for depreciation of $51,981,964 in 1948 and $46,818,000 in 1947.
§After reserve for depreciation and amortization of $53,577,506 in 1948
and $46,687,272 in 1947.
1i Represented by 23.634,205 shares in 1948
during the
dividends
par),
contingencies
additional
(& Subs.)—Earnings—
$172,974;
for
Cr334,182
189,5^1,030
711,174,893
342.
p.
6 Months Ended March 31—
1L254,683
28.500,000
28,500,000
.191,114,352 190,980,837
Total
|Seaboard Finance Co.
19,365,386
31,139,466
22,423,172.
r
of
33,734,824
25,053,434
72,132,000
86,528,845
25,003,476
36,033,791
1
collection
stock—without
({Capital
Earned
40,087,044
25,576,993
—
and
income
on
etc.,
deposits
12,335,825
13,653,445
74,507,740
911,174,893 601.681,660
customers—refunds
receivable,
special
Cr54,517
20,125,670
27,531,909
LIABILITIES—
Due
interest
$40,137;
13,294.777
5,380,287
20,199,790
102,835,409
Total
Accounts
,j
3,464,649
at
4.476.862
(Buildings
SFurniture, fixtures and equipment
Div.
1948
CV140.498
corporate
Co., Indianapolis,
31,
26,037
redeemed
companies
subsidiaries
Foreign
Other
due
($25
(Alexander)
54,358,726; 38,328,510
351,002,299 294,155,238
15,394,648
13,564,316
,
advertising
or
3,566,108
Stock
$
76,906,158
$5,958,103)
receivable
Inventories
Prepaid
value
$5,364,795,
was
exps.
"1947
20,168,173
securities
securities
and
1948,
income
31
$
Government
(Accounts
Federal
Interest
JAN.
99,403,740
Marketable
MARCH
and
etc., $111,566;
stock
adm.
for
in
Land
The directors on
May 14 declared a dividend of 25 cents per share
the common stock,
payable June 17 to holders of record June 7.
Payments last year were as follows: Jan. 16 and June
27, 50 cents
each; and July 28 and Dec. 15, 25 cents each—V.
167, p. 1699.
Gross
41,328,777
$4.24
1946.
Insurance
DC-6
$100,098,516
$4.56
Cash
1
route.—
68,132,000
1948
eastbound
new
1,500.000
/
$107,739,892
41,353,702
BALANCE
SHEET,
$8,986,516
Earlier
81,338,000
ASSETS—
westbound
Atlantic
16,786,535
retirement
CONSOLIDATED
$57,800;
of sales
the
Goodwill
used to finance
11,376,087
20,700,198
income)__
foregoing statement excludes undistributed net profits of
unconsolidated subsidiaries of $2,714,478 for the
year 1947, and $41,173
on
.
on
NOTE—The
Investments
166, p. 2422.
Schwitzer-Cummins
-
net
paid
its
flights from Aug.
Copenhagen this additional
service
will
be
maintained Thursday and
Saturdays and
flights leaving New York Tuesdays and Sundays.
:
1,391,933,163
13,146,041
23,814,014
Earnings per share
P.
'
In
1,716,352,610
serv¬
Theodore
sales, announced on May 19.
'•y > Meanwhile, beginning July 16 and until the end of the
month SAS
will run extra DC-6 flights westbound via Oslo on
Fridays and via
:
expense
plan of cotnnanv employees
Provision for Federal taxes on income
Scandinavian Airlines System, Inc. (SAS)—To
Expand
New
-
amortization
employees
savings
and
company
Supplemental
for
between
1947
Savings, and profit sharing pension fund
St. Louis-San Francisco Ry.—Definitive Bonds Ready
Beginning Aug.
admin**
maintenance
and
31,
Federal
Other charges (net)
"Transfer from reserve
Contributions to:
said:
"Current earnings are at a record rate.
They reflect record sales of
Royal products, both typewriters and supplies.
Deliveries, produc¬
tion and employment are at the
highest levels in the history of the
company."—V. 167, p. 2137.
ice
general
selling,
realized,
double
ACCOUNT
-LI $1,983,439,118 $1,618,926,511
advertising,
and
and
Depreciation
all
;
income
Taxes (other than Fed. taxes
Miller,
$
$1,981,535,749 $1,612,596,050
1,903,369
6,330,461
_
istrative
Reflect
$
1948
income
Total
Cost
INCOME
Jan. 31—
sales
Other
the
$
203,959,255 160,701,303 538,427,826 427,007,188
CONSOLIDATED
Net
Royal Typewriter Co., Inc.—Ryan Promoted—
Fortune
Vice-President
1948—3 Mos—1947
$
Sales
Years Ended
T >K
1948—Month—1947
of
1948
'
possible
1947.
sold.
sales
Cost
their
Sears, Rbebuck & Co.—April Sales Up 26.9%—
been
deposited with the trustee to cover the retirement
the balance of the company's first mortgage 4%
bonds due July 1, 1956.
The $600,000 3% notes payable June 30, 19491951 will be prepaid on April 30, 1948, leaving the company free of all
debt except current trade accounts and accruals.—V. 166, p. 2665.
on
for
Sharp & Dohme, Inc. (& Subs.)—Earnings—
dent,
Balance
for Federal
March
on
which
shares at $12.25
common
liability
total, $36,162,571.
Period End. Mar. 31—
insur¬
stockholders
—_—
plant replacement——
outstanding
equal number of
an
securties
taxes,
prior
Net
mon
12,000
31,
regulated
a
income.
investments
corre¬
point on, the automobile
profitable.
Dec.
on
331,382
as
$350,220; investments in U. S. Government
$e03,563;
investments
in
other
securities
(at
cash,
Net
leveled
this
without
net
no
$6,025,000; $1.50 cumulative convertible
stock ($5 par), $2,121,585; common stock
($1 par), $2,056,940; surpliis,
$18,482,399; total, $38,162,571.—V. 167, p. 1049.
During the six months ended March 31, 1948, a total of
18,362 com¬
stock purchase warrants were exercised.
The;warraaXs; of/which
12,125
121,000
inventory values
profit
in
are
Warrants Expire Aug. 1, 1948—
chase
Provision
offices
with strict underwriting
policies, low operating costs and with
thoroughly experienced in the writing of automobile insurance.
staff
a
33,388
8,205
301,000
expense
income
for
business
branch
business
V:
{■
ap¬
gradually to/extend this
Seaboard
this type of coverage
on
Seaboard
'3 Months Ended March 31—
Sales, less freight,
against
3,479,494
authority
intention
where
inflated automobile prices and
high
sponding adjustment of premium rates.
Rotary Electric Steel Co.—Earnings—
Interest
is
localities
than
$360,544;
expenses,
California
above
LIABILITIES—Dividends payable,
____
For several years prior to
1946, Seaboard carried on insurance activi¬
ties with excellent results.
These functions were abandoned when the
losses in the industry on automobile
insurance became excessive due
1948—4 Mos.—1947
$4,103,000
$4,023,787
1948—Month—1947
$1,150,762
$1,151,283
-
It
all
the
be taxed
to
have
provision of £1,902,000
such
anpreeiation were
if
for
(contra),
784,581
located.
;;; Rose's 5, 10 & 25-Cent Stores, Inc.—Sales—
period End. April 30—
to
of
331,382
331,332
elected
should
appreciation of
fat
receivable
585,6(81
4,920,600
certificates
for
States.
respect
cost),
$34,335,133; dividends
cost),
6 incorporated Balboa Insurance Co., a whollysubsidiary, under the laws of the State of California.
pending
are
in
such
as
BALANCE
Feb.
business
$261,708
331,382
and
unrealized
payable
815,115
four other western
$277,059
ASSETS—Cash in hanks,
534,347
I
par)
insurance
1
1,350,445
$50)
tax
securities
1,960,000
in
4,939
$355,484
120,359
•
writing automobile insurance
41,363
34,500
6.603
The corporation has
deducting
tax
$48,206,038 $35,291,482
on
34,500
5,559
cum.
company
$711,341 less
Subsidiary Formed—
owned insurance
It
Sales 4.—a
value,
48,216
49,577
stock
The
3,851,807
1,651,254
Insurance
"After deducting; $51,202 in 1948 and $810,822 in 1947 U. S. Treasury
tax notes at cost plus accrued interest.—V, 161, p. 1887.
•*V
income
after
4,250,000
par):
Total
451,992
business)
stock
Company
f !1
IS
140,322
value, $28)...
(stated value, $19.25)...
convertible
Common
$5.50
on
120,738
5,750,000
Capital surplus
Earned surplus
350,000
—
(outstdg, 112,998 shs.)
of earnings reinvested
val.
par
(balance
surplus
$2.60
$50,000
1,383,431
88,669
L_
$1,737,367
■
48,2o0
$254,977
NOTES—(1)
269,938
397,959
,
igiMtge.
"Federal
349,198
...
L
(stated
Series B
48,407
49,577
preferred
195,807
$27,770,000 $21,090,000
1,209,338
851,348
(no
$342,5,09
income
(2)
preferred stock
$306,373
expenses
Dividends
*.
A
—
$458,900
620,494
395,593
—
Series
0,150
5,688
Net
4% subordinated notes payable, due Dec. 15, 1951
Unearned income
Cumulative
Total
LIABILITIES—
570,843
Other
»
304,211
Interest
350,215
payable
reserve
$38,298
341,853~
Taxes
therefor
payable—unsecured
payable and accrued
200,626
-
Real
f
received
$24,524
397,188
$458,703
General
353,697
$48,206,038 $35,291,482
139,614
67,451
(est.)
reserve)—
451,612
Total
$9,126,917
income of prior
(net)
of
consideration
■
1945
1946
1347
i
31
901,711
income
investment
111,219
.
taxes on
investments
Other
'
MARCH
423.480
'
Total
90,000
LIABILITIES—
lirst-out), which did not exceed mkt.
Refundable
Sundry
53,994
'
I
500,000
(est.).
Deferred charges
(principally
receivables
Sundry
inc.
on
1,643,868
-
inventories—at
35,312
—
taxes
1
1
ENDED
$29,078
Dividends
over
net
over
1947
stamps.—
pi Customers' accounts receivable (less
3
338,994
34,959
—„—
* Ohio
$1,330,056
1948
Fed.
acquisition of capital stock of
equity in net assets thereof at
dates of acquisition—unamortized portion
Excess of aggregate stated value of issued and
outstanding $2X0 convertib.e preferred stock
31
ASSETS—
of
equipment
cost
subsid.
Dividends paid
refund
'
i
QUARTERS
1U48
30,454,983
Investment in capital stock of unconsol. subsid.
$26,053,077 $24,500,011
—
of
'
,
FOR
Income—inteiest
$3,612,507
41,711,581
reserve).—
STATEMENT
1947
$4,100,882
Instalment
24,516
Accounts and notes receivable.
Cost
INCOME
1948
$25,992,705 $24,475,495
-
Interest earned
CONSOLIDATED BALANCE SHEET, MARCH 31
Monday, May v24,;f 1948
'
'Ml
and
coverings").
rugs
manufactured
in
in
In
the
business
carpets (known
The pioducts
of
Axminstcr and plain
standard widths
of
manufac¬
in
the
the
and
trade
company
printed
ranging from 27
While the company's
rugs End carpets cover h
it, manufactures primarily for the
medium price
field.
The
company
also acts as selling agent for wool
pile rug's
and carpets in Wilton and
plain and printed Velvet
weaVes, cotton
inches
wide
up
price
to 18
feet.
range,
Volume 167
Number 4701
and wool face felt
rugs
In-addition,
it
rugs,
buys .and
others.
THE
manufactured by.C. H. Masland & ,Sons.
sells related products manufactured by
"... ..> •
^he scompfl)ity'r?8Mto9i<ita
c4ts
"in
own plants
the traders
•sold
linoleum,
"hard
independently
coverage
of
felt-base ;products .and
floor
surface
coverings").
.extent
These
of
'
,
an
J
of .lloor .covering
sales
'
' 1
SLOANE-BLABON
! many
prior
years
majority-of the
it
products of any other company in
,*...
CORP.—In
thereto had
Southern
The
■ '
SEC
•which
the
are
only .equity
securities
presently
been
mortgage
%'
San
bonds,
p.
3\'\r!o
series
;
be
this company for
compared
the week
with
ended
2,296,000
May
kwh.
C V
iCAPITALIZATION,
.
GIVING' EFFECT
15,
1948,
for .the
Net
cor¬
\
,
-
:
■
*
,
-
Authorized
:#.Cum. pfd.„stqck (par ,$,100)-—
Outstanding
••
3'/a%
•
•,
/series—.-.—
4.20%
;
47.990 shs.
jifd.
cum.
Common
stock
stock
(par
50,000 shs.
$100)—_
and
equipment
;
*100,000
;
In
shares of
series,
now
one
series
preferred
cumulative
authorized
were
authorized.
are
as
The 3V2%
stock
•Period End. Mar. 31—
Operating
issuable
($100 par),
(Uncollectible
at March 31, 1948, and 97,990 shares
cumulative preferred stock constitutes
at
March 31,
opeir.
5;600
rev._
At March
31, 1948, there were 4,952 shares of 6% class A preferred
each) and 918 shares of common stock .(no par) .of
Sloane-Blabon Corp. held by others than ,the company.
On said date
the company owned 19,256 shares of .6% class A preferred stock and
(par
shares of
.274,931
-
underwriters
the number
and
be purchased by each are as follows:
..;v
•
No. of Shs.
•;•
3,133,512
400,275
Dominick—-
Kidder,
for
Capital
Shields
4,500
&
Gross
4,500
2,500
Co.—
FOR
INCOME
OF
earnings
YEARS
Operating
Uncollectible
..."
1947
sales.
•Cost
of
goods
on
32,444,675
Commissions
earned
sales
as
$17,961,908 $13,610,988
Total
.
Selling,
and
gen.
Operating
Total
176,549
239,389
$7,564;655
-Other
49,706
34,317
Net
—
2,005,029
income
charges
3,553,700
taxes
167,
Dividends
f
dated
-
$4,681,838
pfd..,stock of consoli-
on
29,727
79,434
$1,154,953
1,657,003
Preferred
dividends
Common
dividends
2,532,398
—-*V. 167,
.6,410,382
$1,815,200
1,560,097
1,196,484
$4,383,597
112,778
p: 2035.
Net
Administrator,
Jess
Larson
used
to
in
manufacturing explosives. Facilities
permit
manufacture
Square D Co.—Annual Report—F.
on March 22, said in part:
!!• The
Transports at d'EnterSociete Anonyme) — Ex¬
[Sofina]
of
additional
nitric
W.
31,
Guaranty Trust Co. of New York announced on
is prepared to deliver to its stockholders
V.
May 18 that
company
,137,
with $1;96 earned in 1946.
Earnings of each .electrical equipment division increased over the
preceding year.,
The Canadian subsidiary, which is not consolidated
in the following, financial statements, also set a
peacetime record in
sales volume and net earnings. . The
affiliated companies in Mexico
City completed their .first year of operation with a small profit which
showed
an
encouraging upward trend in the latter part of the year.
Holdings of Square D stock have become increasingly widespread
with
4,786
stockholder
SEC—
Soss Manufacturing Co.—Filing With
;
cf
12
May
letter
a
of
Electric
South Carolina
i
latter
The
May
transaction.
constituted
outstanding.-
and
5
full payment
for all
shares
of common
This
!
State
Income
income
Net
Cash
Operating
revenues
____
•Cncolleotibie" oper. rev-
,
Operating
Operating
Net
Net
taxes
__
!_
operating
income
after charges—
—V: .167,
•
revenues
-expenses
10,
p.
1851.
1,069,947
^
$3,866,662
2,658,944
$3,284,020
2,271,497
Southern California Edison Co.—N. Y. Transfer Agent
The Banker^ ,?£ust Co., has. been appointed New York transfer agent
offering,
see.V.,, 167,
p. 2138.
!
convertibles series, $25 par value.
h'ufq
." *''
;
.
.
For
orders
or
above
YEARS
of
period
preferred
tlncludes
issue
is
$55,299,807 $54,574,320
dividends
capital
and
surplus
based
of
3,174,527
on
$150,000
March
at
included
in
of
cost,
for
the
goods
period:
other
and
1948,
accounts
$624,736;
1947,
Detroit—Registers With SEC—
May 14 filed a registration statement with .the
shares of class B common stock (par $1).
The
on
136,667
be
the
offered
ratio
The
to
of
class
B
shareholders
common
share
one
of
offering price is $3
shares of Standard
stock
new
share.
per
for
of
each
record
three
June
shares
Fort
Industry .Co., owner
of
122,757
Tube
stock, expects to buy $250,000
of the new stock, with the
purchase .price to be credited against -the
$250,000 loan previously made by Fort
Industry to Standard.
The
not
underwritten.
Sterchi Bros. Stores,
Period End. Apr. 30—
sales
O.
C.
"Net
Retirement
Fund
were
volume
122,064
1,850,000
145,000
mated
$3.07
$1.96
DEC.
31
"It
receivable
from
C.
•Other
assets—.
-—4.
Patents
in adv.—
with
to
;
2
LIABILITIES—
year
on money
on
-inc. ipayable to Fed. ftnd State govts
Notes payable to banks ,(non-current)_—4
Common stock (par value $5 a share).;
-V.
735,884
;
167, p. 1196.
If
were
7.57%
net
profits
the
current
in
and
August and
July will follow the normal
reaching the highest volume
and
Treasurer,
$5,366,484
inventories
that
at
Anvil
each
for
assets
at
at
$1
April 30
vhe
figure
end
of
the
annual
of
reached
current
April
30,
a
meeting
high,
new
liabilities.
the highest
are
April
at
30
Ac¬
ever recorded.
$2,511,376 and
Over 90%
of the
were
1947.
on
company
ratios
below
the
increase
cents
V.
at
to
declined
Nov.
the
cf
of
slightly
1947,
with
has
but
receivable
collection
company
$230,872
share
per
1,
accounts
average
worth
"Net
an
sales
controls
since
quarterly
rate
the expiration of consumer
leveled off, while col¬
apparently stabilized about
since
have
for
1947.
$5,845,207
was
Dec.
after
51
dividends
paid
at April 30 and reflects
payment of the regulav
in March and May."—
167, p. 3851.
(J. P.)
It
has
Stevens & Co., Inc.—Acquisition—
announced
been
Delta Finishing Co., of
—V. 167, p. 293.
that
this
corporation
Philadelohia, Pa., at
a
has
purchased
the
cost of around $2,000,000.
Stone Container Corp.—Earnings—
Quarter Ended March 31—
Sales
r
and
taxes
$3,855,584
554,903
taxes
Federal
1947
1948
$3,135,328
—
profit before
1,181,747
Net
212,952
452,551
$341,951
$729,196
700,000
700,000
$0.49
profit
Per
3,395,968
2,100,000
outstanding
share
common
on
stock
$1.04
167, p. 751.
Stone & Webster, Inc.—50-Cent Distribution—
The
the
directors
on
May
19
declared
a
dividend of 50 cents per share
to holders of record June 1.
will be given to the
payable in June and December.
Previously, only one payment was made in each year. A distribution
of $1
per share
was made on
Dec.
15,
1947, compared with $1.25
per
share on Dec. J6, 1946.—V. 167, p. 475.
on
was
stock,
capital
stated
declaration of
that
in
payable
the
dividends
June
future
twice
a
15
consideration
year,
$1,207,442
736,200
633,546
438,920
375,444
<
2,400,>713
1,500,000
6,887,400
6,887,400
*7,819,562
Surplus
Total
$600,000
'
of
current
instalment
758,503
$22,763,934 $18,386,596
one
and
hand was received in
the
past four months giving
the newest, cleanest inventory ever owned.
"Cash sales, although lower than a year ago in ratio to total sales,
are
approximately twice the prewar ratio.
The down payment ratio
the
3,313,358
2
borrowed from bank
year
year
1947.
of
198,813
735,497
Amounts-owing for materials and expenses
Wages and salaries in process of payment
Payroll, property and miscellaneous taxes
only
Vice-President
in
merchandise
It
Payments to be made within
last
period
tbe
that sales for June
approximately
were
the fiscal
months
same
lor
$2,317,171
part:
rest
of the
month, May sales
highest for any month in the history of
to last December when sales reached a
second
capital
"Merchandise
9,374,596
228,318
_——
two
of
$2,490,366
in
stated:
17,
$3.61
Shares
4,287,819
-
the
said
December."
LaRue,
May
months
the
increasing
and
"Working
—V.
and .goodwill
Total
.2,864,678
esti¬
first-out
Land, bldgs., machy. and equipment (net)
trend
13,
1946
9,982,152
(first-in,
for
thnn
continues
the
be
expected
S.
held
$1,876,646
3,845,240
customers—at
is
October
State
1947
realizable amount
sales
two
1948—2 Mos. -1947
$1,168,663
May
on
90,000
$2,704(627
1,056,068
$3,684,906
Accounts
will
sales
higher
net
seasonal
in
4,047
$4,228,240
1,790.724
Inventories—-at lower of cost
method) \or .market
the
first
company—second
peak ,of $1,850,566.
217,893
129,706
ASSETS—
the
the
3,785,468
share
per
than
in
President,
for
slightly
trend
$1,281,557
20,594,239
2,750,000
taxes—
sales
higher
1%
1946
292,617
45,206
taxes
Bowden,
Inc.—April Sales Up 9.66%—
1948—Month—1947
Net
lection
4,640,222
dividends paid—
Taxes
—
•for the preference stock, 4.56%
will
in
held.
of
24,897,639
exps
Cash
.! 1948—3 Mos.—1947
$17,468,220 $14,844,677 $50,258,543 $43,109,912
14,166,299
12,013,195
41,260,779
35,401,157
1,797,036
1,445,365
5,131,102
4,424,735
$1,386,117
1,025,933
end
for
192,500
1,587,264
1947.
and
company
stock
Net
$17,529,159 $14,886,337 $50,441,256 $43,245,378
60,939
41,660
182,713
135,466
$1,504,885
at
counts receivable of $5,161,613 at
$37,128,630 $29,368,338
gen.
COMPARATIVE BALANCE SHEET,
•
Operating
as
$36,941,417 $29,154,817
187,213
213,521
earnings
Earnings
& Telegraph Co.—Earnings
1943—Month—1947
surplus
allowance
covering
credit
income
Insurance, taxes and other exps. paid
Telephone
$56,354,084
192,500
1,587,264
Standard Tube Co.,
average
new
at
CALENDAR
products sold
Federal
>
Period End. Mar. 31—
of
operations
1
Payments to Employees'
889.
Southern Bell
and volume
Prov. for deprec. of bldgs,, macliy. and equip.—
Interest expense
:
has
I
of 1947
income
Cost of
common
stock,
payable July 1 to holders of record June 15.
Quarterly distributions of $1 per share were previously made on this
issue
together with extras of, $1 per share on Jan. 2, last, and on
Jan. 2, July 1 and Sept. 30, .1947. -Russell & Co. also paid 35 cents
(per share Feb. 17 on the common stock of South Porto Rico Sugar Co.
(
$57,079,571
dividends
outstanding,
The
SEC
was
INCOME ACCOUNT FOR
Selling, service, admin, and
the
'
increase
sales
Total
of
issued
South Porto Rico Sugar Co.—Declares $2 Dividend—
directprs on May 18 declared a dividend of $2 per share on
I
$0.94
53,165,948
dividends
arriving at net income
$590,509.—V. 167, p. 1511.
dividends
in
The
—yj '(167, p.
$0.86
54,166.243
before
25
called for redemption on June 18, next, through
operation of the sinking fund. $100,000 of first mortgage bonds, 3%%
series due
1973, at 103y8 and interest.
Payment will be made at
Sank of the Manhattan Company, corporate trustee, 40 Wall St., New
York, N. Y.-W. 167, p. 2138.
•i
The
received
1947
Net
Partial Redemption—
company
1947.
he
1947.
No one individual or corporation holds as much
1,377,480 outstanding shares of stock.
Working capital increased $2,086,061 during the year to a total
Other
'
The
31,
which
of the
COMPARATIVE
of
of
to Commonwealth & Southern, former owner
Power commcn stock,
59.7C0.000 in settlement
This amount, together with an original - payment
$500,000,
Dec.
on
19
-paid
Carolina
•South
Ahe
on
currently (being received will probably sustain
1947 levels beyond the first half -of 1948.
at Wilmington, Del., - in 'the offices of Com¬
monwealth -& Southern Corp., it was announced by S. C. McMeekin,
president of South Caorlina Electric & Gas Co.
place
record
agreement ff needed.
■Unfilled orders on hand at the end
final
took
of
shares..of stock
under the
step ,in the acquisition of the .800,000 shares of common
■stock of South Carolina Power Co. by South Carolina Electric & Gas
Co
288
due in part to a favorable five-year
bank credit agreement, under Which $2,700,000 was outstanding at the
end of the year.
The company may borrow an additional $1,000,000
pleted—
The
stockholders
holds
$11 783.64.4.
Gas Co.—Purchase Com¬
&
$375
5%
notification was filed with the SEC for
8,432 shares ;($1 par) common stock, to be sold by Henry Soss and
litis wife, Ethel, at $3Underwriter is Ames, Emerich & Co., Inc.,
Chicago.—V. 166, p. 2315.
On
$3,188,136
stock-
commcn
_i
preferred
441,763
$1,908,200
$2,913,328
of
NOTE—Depreciation
.
.1947 were $3i07 ,per share .compared
508.
P.
233,795
stock
1948
Magin, Presi¬
During 1947, the company's sales volume .and employment surpassed
previous peacetime records.
Insofar as
the electrical equipment
divisions -were concerned, these factors exceeded even the
high levels
attained during the war.
This greatly increased volume was realized
despite the handicaps of acute material shortages.
Net earnings for
all
in the United
States two new ordinary bearer shares of 500 Belgian francs for
'each .old share held.
The Guaranty Trust Co. and Banque Beige
jhavc been appointed agents in New York for deposit of the old .shares
with coupon No. 19 and subsequent coupons attached for exchange
for new shares.
It was also announced that residents of the United
■States will receive ^payments
on coupon No.
19 from old and new
shares at
the rate of $3.07 per coupon No.
19 from full shares.—
this
$5,538,099
$1,778,000
taxes
surplus !
tEarned
dent,
Industrielles
change Offer—
$37,7,203
$4,925,124
earned .surplus
Cumulative
on
ammonia will be maintained.
'
prises
$5,160,896
621,847
(Societe Financiers de
Sofina
12,091,429
$345,423
income
Total
5,083,766
-
-
12,599,285
$4,579,701
operations
charges
"After
subsequently
53,382,511
$5,874,840
3,379,702
acid, agriculture fertilizer solution, aqua ammonia, methanol and dry
.ice.
■
••'■• ■'>■>•'■
A condition .of. the sale, under the National
Security Clause, is that
the present potential capacity of the
plant for production of anhydrous
204,155
$4,602,404
$5,561,384
169,401
income^—
added
were,
-
subsidiary held by public—
Net
-
,
6,027,428
May 12 approved sale
of the-war-sutplus.Jayhawk Ordnance
Works, Galena, Kansas, to this
company for $11,000,000. The plant comprises 178 acres of industrial
area
surrounded by
2,154 acres of unimproved barrier land. The
facility embraces 69 .industrial buildings containing 327,513 square
feet of floor spaoe.
! *!
1
:Jayhawk Ordnance Works was constructed during World War II
for the .production ,of anhydrous
ammonia, nitric acid and water solu¬
$1,359,108
1947
55,705,628
—
*Net income per share
$52,991,106 $47,890,446
42,580,081
35,605,224
2,006,446
$1,532,837
tion .of ammonuim nitrate
$5,591,111
Balance. Ur-,,--,—-;
sold-
Provision for Federal income
Spencer Chemical Co., Kansas City, Mo.—Buys Plant
War- Assets
States)
1948
$72,884,615 $70,634,836
Gross income
2036.
p.
United
1948—3 Mos.—1947
$18,139,406 $15,971,017
14,601,540
12,149,371
(taxes
in
credits
shares
$7,530,338
$2,393,608
2,848,500i
1,034,500
$9,144,811
profit—
income
Co.—Earnings—
$18,207,649 $16,006,839 $53,191,703 $47,998,553
68,243
35,822
200,597
108,107
operating
alter
—V.
208,807
deductions
Federal
Net
$2,602,415
$7,325,266
Income
Common
Net
$2,511,-659
90,756
$9,194,517
income
rev._
Operating
31-r-
—
from
•Income
3,812,186
$9,017,968
profit
(Operating
$6,323,845
.6,285,722
8,943,940
exps
income—!
Other
,
adm.
Profit
5,667,662 112,675,175 103,650,488
>1948—Month—1947
—
$5,629,765
694,080
46,465,295
sales
oper.
operating .revenues
Operating < expenses
33,178,402
$16,695,293 $12,847,318
agent
1,266,615
763,670
sold
profit
Gross
•
sales
Previous
$45,291,993 $38,808,167
$63,160,588
1593.
p.
Selling, advertising, admin. & general expenses-
$
1945
1946
13,465,060
17,035,102
1947
$
,
_
13,465,060
22,456,148
(Including -Subsidiaries
Jan. 1 to May 7
1948
'
revenues
2,500,000
_
Of goods
$
6,045,670
—
2139.
p.
declines—III
possible future price
3 Months Ended
March
1947
500,000
4,000,000
—
$54,787,170 $55,417,643
167,
748,591
1948
167,
5,936,726
225,000
3,775,000
——
Standard Brands
Inc.—Earnings—
$984,325
1,327,972
Southwestern Bell Telephone
2,500
—
CALENDAR
(Including Sloane-Blabon Corp.)
Net
$1,563,152
231,319
.1467,256
1,813,499
6,742,608
income
on
Total
-V.
1851.
Period End. .Mar. 31—
CONSOLIDATED STATEMENT
$302,823
$11,500,000
937,792
1,685,562
Earned surplus
7,786,337
876,440
$
—V.
633,439
$3,000,000
stock
$9,649,102
week End. May 7
4,500
Smith, Barney & Co
Reynolds & Co._
4,500
Harriman
Inc.
Brothers!
918,496
payable
Federal taxes
15,447
427,754
Period—
292,831
12,133,926
—$54,787,170 $55,417,643
Reserve
18,254
34,734,996
328,417
17,409,660
.
payable
Accounts
Southern Ry.—Estimated Gross Earnings-
to
28,300,480
assets
Accruals
Net
No. of Shs.
Peabody ,& Co
4,500
-Lehman
6,750
Goldman, Sachs & Co
Ripley & Co.,
shares
167, j>.
other
LIABILITIES—
$9,664,549
$500,433
,
'Morgan Stanley & Co.____ 15,750
&
of
operating income
charges.
after
—V.
.
.
Dominick
iNet
stock of Sloane-Blabon.
common
UNDERWRITERS—The
,
Net
$100
5,496,014
.
*
stock
1947
$2,126,437
6,449,818
'
Inventories
Sinking fund requirement—
Long-term debt —;
$3,274,758 $11,839,754
2,682,343
9,036,049
289,592
1,240,553
$4*034,220
__
Operating expenses
Operating taxes
ized.
3,934
$3.85
•
$1,380,299
receivable
Total
1948—3 Mos.-—1947
$3,278,692 $11,858,008
: <
MARCH .31
.
Notes
Telephone Co.'—Earnings-—
i948—Month-—1947
.846,506
$1.26
Registers With SEC^-
$4,039,820
.
Operating .revenues
stock, of which 50,000 shares were
1948, and 47,990 shares are now .author¬
cumulative preferred
of
•authorized as
revenues
$3,302,874
846,506
r
Property, plant, and equipment (net)
Deferred charges
50,000 shs.
.$18,758,500
2,024,000
1948
Investments and
construct test kitchen, for inventory loans,
capital.;
Southern New England
par-value—1,050,'
.000 sharqs ;autharized)-r—,—T—- $13,753,500
($20
outstanding
share
COMPARATIVE BALANCE SHEET,
Accounts
224,874
.!
$1,113,166
shares
per
Cash
.on
proceeds 314,000,POO will -be applied to
the payment (exclusive of accrued interest) of 1%% notes due 1956;
balance for .construction purposes.—V. 167, p. 1700.
97,990 shs."
254,552
682,000
.ASSETS—
^competitiVe^ibidding.
•
1,766,334
income fest.l
on
profit
Common
Earnings
,-The Wompany «on May 49 iiled a ^registration statement with the
covering $28,000,000 first mortgage pipe line sinking fund bonds,
due
1968.
The names .of
the" underwriters will be determined by
FINANCING' '
THIS
TO
1947
$7,318,082
1,440,815
,
Depreciation
to
used
1948
$3,490,533
.
-
!
Federal taxes
SEC
t'
earnings
Expenses
1
55
Staley Manufacturing Co; (& Suhs.)—Earnings
3 Months .Ended March 31—
Gross
Co.—Weekly Output—
Southern Natural Gas
outstanding.
(A. E.)
New
Francisco,
2035.
v-!;:
*
appointed
Co..
50,000
'working
acquired .certain additional stock and now owns approximately 79%
the .class. A preferred stock .and :ovar 99% of the common -stock;
of
Paying Agent—
has
Trust
May 14 filed a letter of notification with the
shares of common stock to be offered at $3.50 per
Underwriter
is
Marx
&
Co.,
.Birmingham.
Proceeds will
company
'for
share.
a
Sloane-Blabon
of
Power
(2299)
Frigid-Dough, Inc., Birmingham, Ala.—Files
With SEC— "
the United
"
•
^1r
-O 'i
CHRONICLE
responding week (last year; an increase of 154%.^V. J6,7, p. 2139.
the Smith .company which > for
minority interest, acquired a
Corp.
Subsequently,
1944,
owned
stock
common
'
'
first
Y.
Y.,
N.
Ameiican
of 415,000,-000
kwh., as
2,643,000
Co.—N.
York,
JPor offering; see V. 167,
Electric output of
totaled
FINANCIAL
Gas
Co., New
with
the
Southern Colorado
"•
1947, sales of soft surface 41oor coverings by -the' - company*
4ncluding those sold by it!as >sales *6gent, -exceeded 4t>he sales -of similar
•..products by any 'Other domestic company.- <6uoh sales, together -with
sales by Sloane-Blabon of hard surface floor coverings, exceeded the
States'.
due :May T; T979v
•''.Or ;.y-if'V*'•''k/V.h
A
; ; During
-
Trust
agent
•'
are
&
California
Bankers
paying
iCalif., 4or-an issue
'
products
.,r.,-.w
,
Southern
The
York
in
(known
tile
distributors.
obtained to
through
is thus
4)he oompany largely
the floor covering ifield
unique dm this (industry.
■bioad
asphalt
COMMERCIAL
5,382,046
$22,763,934 $18,386,596
Sun Oil
It
is
Co.—Acquires Motor Tankship Stock—
that in February and Marcli of this year the com¬
the remaining 31,030 shares of capital stock of Motor
at $200 per share and now owns all of 21,530 shares
outstanding. Of (the J 1,030 shares aoquired, J. Howard Pew,! J..",N.
Pew, Jr., and Mary Ethel Pew sold .1,950 ; shares each; Mabel^Pew
Myrin sold 3.072 shares, and Arthur, E; Pew, Jr., and Walter
Pew
each sold 1.054 shares.—V. 167, p. 2139.
._j
reported
pany purchased
Tankship .Corp.
56
(2300)
THE
1948
maintenance
Depreciation
other
26,592
16,634
13,330
27,938
_
and
than
Financing
costs
Sales,
$173,215
28,113
17,389
gen.
expensesincome
23,296
i
17,093
.
10,366
bonds
on
12 Months Ended March 31—
1946
$192,896
exps._
_
Administrative
Taxes
Interest
1947
$210,847
and
Operating
less
Cost
-
of
10,612
12,318
4,380
$106,680
$95,745
625
income
Profit-sharing
Federal
and
6,308
-
400
-
$116,075
plan
state
$112,988
$96,145
2,104
1,660
1,331
48,694
47,390
bv.crued
taxes
operating
income
Total
profit U-i,—>!
paid on
..
Earn,
avail,
^£arn.
for
$65,277
class
A
and
7,717
income
Balance
A
$59,098
$48,650
$0.89
"■Based
on
:
Fetire.
Y
$688,391
$8,407,272
$7,662,522
473,741
317,486
4,639,686
34,938
24,277
462,058
3,581,032
399,254
56,103
accruals
res.
income
Utility
51,118
625,166
510,688
Gther
.
70,449
72,459
793,965
41,000
76,000
553,000
730,000
$113,465
$147,050
$1,333,397
$1,635,381
99
3,802
25,608
22,996
takes
inc.
income—net
806,168
■
Gross,
income
Income
$113,563
y:
Earnings
—V.
$150,852
$1,359,005
$1,658,377
4,458
3,530
45,797
42,562
deductions
«
•
income
Net
$109,105
per
167,
share
com.
$147,321' $1,313,207
(597,867 shares
$2.20
''
.
Trust
and
April
Co.
New
of
paying agent
1,
1973
York
for
offering
(see
Registrar—
been
has
appointed
New
3V\c/o
the
in
sinking fund deben¬
167, p. 1512).—V. 167.
V.
Texas Engineering & Mfg. Co.—Gets
The
Army
•military
than
Herold,
since
the
the
from
began
company
order
for
the
operations
complete
more
overhaul
March of next year.
Command
Materiel
its largest
company
the
of
Air
Army
Wright
Field,
Ohio,
brings TEMCO's
1948
backlog
of
nearly $6,000,000, almost the total amount of business done
company during all of
last year.
to
the
The
AAF
will
TEMCO
AAF
sealing
of
assembly
start
June
will
1,
of
return
in
integral
which
delivery
and
August.
begin
fuel
operations
TEMCO.
■M TEMCO,
The
tanks,
four-engine
with
Plant
of
the
complete
engine
concluded
operates
the
deliveries
changes,
and
testing of
flight
A
Army
of
the
transports
overhauled
overhaul
huge
ships
includes
to
the
Navy
facility
near
Prairie, overhauled more than 100 combat type planes for
AAF last
year,
but most of its C-54 work previously has been
foreign and domestic airlines. The company currently is engaged
in a large modification
program on Martin 202 transports for North¬
the
for
•the
Airlines,
and is continuing an aircraft overhaul program for
Government
begun last August.
Its
aircraft
manu¬
includes sub-assemblies and
components for Faircnild's C-82
cargo ship and Consolidated Vultee's six-engine B-36 bomber,
Brazilian
facture
Packet
as
well as the
complete manufacture and marketing
plane product, the Swift 125—V. 167, p. 213S.
3 Mos. End. Mar. 31—
Gross
i
sales
income
personal
&
1947
1946
i
Depreciation
4,541.254
5,120,168
195,099
169,977
Amortization
118,416
144,93*
502.387
430.179
287,104
contingencies,
Fed. & for'gn inc. taxes
profit
shares
JNot
As
100,000
100,000
1,897,000
2,318,000
100,000
100,000
1,083,000
2,073,000
processes
and
U.
does
-and
3,840,000
$2,465,274
3,840.000
$1.45
$1.18
$0.77
$0.64
include
supplies.
—V.
167,
inventories
Current
taxes,
were
$3,447,757.
of
sulphur
liabilities,
including
$11,170,804.
Earned
above
Reserve
surplus
at
ground
materials
or
$10,215,089
for
March
provision
contingencies
31,
1948,
for
amounted
$40,533,412.
was
The
York
Guaranty
Trust
Co.
of
registrar for the 3 V* %
offering in V. 167, p.
at
$10
a
Thomas
to
the
This
1.
have
value
par
stockholders
fact
the
that
of
New
York
has
been
of
V.
common
167,
p.
Curb
stock
Exchange
from
into
to
expected
become
will
dealings
Continental
Continental,
is
merger
^secretary of State of Delaware
lhe>New
fjar
the
at
Oil
and
to
the
in
be
effective
suspend
To
and
such
later
Have
the
stock,
each
share
New
oiiering
vntii
©late,
New
Co.
further
at
which
East
at
crude
oil
Bayonne,
the
common
stock
of
notice
and
fixed
that all
by
the
kittle.
p
Presi(3ent,
will
Plant
The
of
the
construct
at
new
i 736th
8,397,684
19,185,107
10,468,707
outstanding—
23,019,722
9,479,788
9,366,488
9,277,788
$2.42
stock
$2.04
$1.12
share
per
167,
1964.
p.
color
photography
of
the
be
to
were
various
of
its
picture
dividend
of
be
The
these
In
Sept.
15,
25
each;
cents
and
the
Board
a
it.
these
not
for
is
for
the
delivered
be
to
the
to
experimental 'refining
company's
It
purposes.
suffered
actual
15,
crude
in
order
products
was
in
in
to
the
help
meet
Eastern
announced.
the
increased
marketing
served
area
the
supply
of
domestic
demands
by
The
transportation of the crude
company's own tankers.—V. 167, p. 1512.
the
in
for
the
oil
Gulf
petroleum
it
company,
will
be
handled
that
effective
to
Royalty Corp.—Transfer Agent & Registrar—
grant
temporary
a
July
1,
1948,
is
required
will
be
able
flown
During
Honolulu,
and
1947,
of
from
$3,448,544 and,
United
anticipated
increased
losses,
to
pay-
mail rate of at least 70.9 cents
91.7 cents a ion-mile, effective-
or
provide
to
discharge
celebrated
the
on
overseas
its
first
reasonable
its
that
assurance
contractual
the
commitments.";
21,254
May 1 its first anniversary of service
2,000,000 miles having,
it was announced by Harold Crary„
on
record of nearly
a
route,
sales.
of
year
United flew
carried
operations
estimated
an
and
passengers
between
51,009,600
370,778
San
Francisco
revenue
ancU
miles
passenger
pounds of
mail
and
cargo,,
according to Crary.
With travel on the increase, a
five-year plan for adding hotel an#
housing accommodations is underway in the Islands. Hawaii is antic¬
ipating nearly 100,000 visitors annually by 1950.—V. 167, p. 1852.
United-Carr Fastener
Corp.—Earnings—
(Including
Domestic
Subsidiaries)
Quarters Ended March 31—
Net
1948
sales
Costs
operating
Provision
Other
for
$5,103,442?
4,409,512
4,387,20O>
expenses
depreciation
deductions
Federal
taxes
60,787
(net)
(est.)
251,700
profit
Earned
54,841
84,584
income
on
1947
$5,207,975
-
and
Net
Toklan
1947
pay-
Vice-President—traffic and
planned
crudes
in
1947,
declares
1.
been
during the month of June for arrival at Bayonne
purchase and importation of Middle East crude are
necessary because of the short supply of domestic
Coast area ana are to supplement the
company's
should
$3,550,534.
distinguished
as
refused
loss
net.
a
this year,
only
1,
to lift the first cargo
during July. The
they
Hawaiian Service Gains—
refinery
is
contended
over
ton-mile,
were
17 anounced that arrange¬
of a
quantity of Middle
May
purchase
but
must
mail
company
Associated Oil Co.—Partial Redemption—
on
the
ton-mile
a
but also refused to increase its mail
Julv
1,
1G47, in conformity with precedent extending
of many years," the petition continues.
period
Jan.
a
it
This corporation
President,
basis
temporary
that
of
Jan.
United
on
Dec.
on
shows
spite of
effective
record
the following payments
1947,
rates
declaies
quavter
first
"In
and
television
and
with
pay
of $2.25
permanent.
now
airline
the
in
share
mail
rate
a
acquire "a large amount of addi¬
tional capital" and that the adverse effect of an
inadequate mail rate
would be "costly and permanent."
patents
per
higher
trriiled petitioned for
1947,
made
United
a
cents
50
for
1947
accepted
since
tooling
and
for
and
July l,
petition
7,
for
products
and development
motion
used
Higher Mail Pay-
thao
2140.
J.,
79,089213,800»
.
$401,391
Jan.
at
$368,511
4,879,059
4,100,218:
55,280,450
surplus
$4,468,73®
1
Effective
May 17, 1948, the Corporation Trust Co., 15 Exchange
Place, Jersey City, N. J., has been appointed as transfer agent and
registrar for stock of corporation.—V. 165, p. 3399.
The
last
registration
and
April
statement
covering
26—V.
850,000
167,
(No.
Corp.—Registration State¬
filed
7463)
shares
common
with
the
SEC
$1»
(par
was
March
thau
surplus
dividend
w
thdrawn
Inc.—Seeks Loan—
$1,100,000
have funds
The
announced
Pierson,
of
18
Corporation
that
is
sum
due
May
to
Chairman,
pointed
out
that
if
and
28
hand to meet this payment.
the RFC, datoci May 17,
on
letter
May
on
it
and
that
signed
defaulted
does
S.
on
the
$1,100,000
accounts
receivable
1947
$1,289,629
626,914
2,052,588
obligations
and
notes
Property,
$1.21
1948
Treasury
(net)
Inventories
plant
other
and
assets
*
$1,383,592'
194,643-'
1,865,454
2,422.703
and
2,548,211
509.166
equipment
420,54ft'
2,604,438
(net)
2,237,153:'
Patents
4
Deferred
Lee
the
payment
$1.32
Cash
not
Warren
TWA
by
$4,377,172:
MARCH 31
n
Western Air,
91,557'
$5,127,854
___
CONSOLIDATED BALANCE SHEET,
U.
&
Finance
152,596
ASSETS—
Investments
corporation
paid
surplus at March 31
per share
Earned
19
1370.
p.
Total
Cash
Earned
Trans Marine Oil Refining
ment Withdrawn—
charges
4
141,714
$9,647,157
$8,762,956:
$743,786
Total
113,358.
$672,508:
518,438-
LIABILITIES—
Accounts
payable
Accrued
expenses
remainder of the $40,000,000 Equitable Life loan would
plus $8,000,000 of other loans.
It pointed out that the
company had a net loss from all operations of $8,000,000 in 1947 and
has continued to iose money "at approximately the same rate"
through
this year to date.
It adds that "it is obvious that TWA is not finan¬
Deferred
income
Common
stock
Capital
surplus
1,014,373
Earned
surplus
5,127,855
1.014,37s
4,377,173'
$9,647,157
$8,762,956-
due
able
The
no
to
and
1947
of
the
to
obtaining
heavy
losses
losses
RFC
TWA's
in
Textron
increases
"is
in
the
unable
despite
recent
"it
is
funds."—-V.
$2
Act
of
for
The
plant
will
the
TWA
bank
that
it
and
thoroughly
iayoffs
of
from
personnel.
some
source
The
letter
operating
Operating
Other
sold
and
profit
gen.
income
other
taxes
$4,612,655
212,824
income
charges
taxes
based
on
—.—
income
39,563
$6,264,848
152,693
2,280,000
$4,652,218
180,000
income
and
165,000
for
sub-
record
accompanied
by
115,277
1,700,000
income
$3,652,155
Capital
Earned
per
outstanding
share
$2,671,941
1,483,298
shares
1,271,437
NOTE—This
interim
$2.46
adjustments,
statement
Amortization
of
Depletion
timberland
—V.
subject
to
year-end
$2.10
audit
and
.
Quarters Ended March 31—
Depreciation on property, plant
on
is
167, p. 1852.
1943
and
equipment
/ '
v.
and
"'
—-
1947
leases
.
$362,658
"2,111
$238,661
—1—
39,708
leasehold——:
26,497
A
request
that
Textron
new
240
box-loom
Ga.,
for
the
contain
over
100,000
ltS e<3tUljPln<!nt' wlu 0081 111
Southern
Inc., a
throwing and
rayon
production
of
square
fine
feet
of
rayon
floor
excess of $2,000,000.—
of Debentures—The .company has issued invitations for
the purchase of an issue of $25,000,000 debentures due
1968.
Such bids -will be received by the company at
Room
2004, No. 60 Broadway, New York,
(EDT) May 25—V. 167, p. 1852.
up
to
noon
amendment
an
modification
Offer
Amendment
to
the
proposed
plan
of
United
of
left
in
$3
tax
of
Arthur
complete
stock
Wiesenberger
liquidation,
(26.41%
of
&
to
liquidation:
proposes;
that
so
the
SEC.
Co.
300,000
present
shares;
/
j
Wiesenberger
The
by
place
preference
outstanding.
unrealized
the Public Utilities Division of the
requested
liquidation
shares
be
by
amendment
partial
proposal
losses
will
points
be
out
that
?
$100,000,dOfti i ot\
over
lost
by a mandatory liquidation of allthe preference stock, representing a valuable assets of the
stockholders^These
tax losses may
be utilized by the company to offset futureprofits and should result in non-taxable dividends for
for
many; years:
the
into
shareholders.
This
very
important
factor
was
not
takenr.
previous hearings or in the review of the pro¬
of liquidation by the Public Utilities Division of the SEC..
consideration
posed
plan
in
Wiesenberger memorandum further points out that the commons
would lose valuable leverage by the elimination
of
air
stockholders
the
preference
stock
and
thus
greatly reduce the recovery prospects;
of the common who bought these shares
many years agohigher prices that those prevailing at present. Such
leverage would!
apply not only to future price enhancement of the common
stock:
but also to prospective
earnings.
by holders
at
,
The
proposed amendment
000,000
by
annually.
of
Union Electric Co. of Missouri—Bids for the Purchase
'
\
.
for
close
The
10
to
as
points
the
than
argument
•
of
coverage
on.
of
because
they
They would be
of
,7l''"7
1
the
(•'
'
200%
thus
Wiesenberger proposal
stocks
the sale
common
Xf
'.
t#
'
$15,~
qualifying
the
company
preferred stock
worth
market value of $45 per share.
current
the
exchange
retention of about
investment
the
many
preference shareholders
the package of common
proposed
taxes
income
grade
in
income
of
about
$900,00®
preference stock which would beplan would have an asset coverage:
of
amended
and
top
preferred stock.
a
r
under
result
additional
by
market
the
Corp. and
300,000 shares
400%
a
more
Another
faced
would
United
outstanding
' :
Stockholders
—
United Corp. $3 preference stock was filed May 18 with the SECT
by Felix G. Langer, attorney for Arthur Wiesenberger & Co., membersof
the
New York
Stock
Exchange,
representing large institutionar.
holdings of this stock.
Proceedings are now taking place on theplan
of
liquidation proposed by United Corp.
and
approved
withv
shares
;
Orp.
of
The
Net
71,748:
1,220,768:
1,220,768
2424,
p.
United
1,745,795
$6,052,024
income
7,931,125
2,375,335
expenses
1
^
$4)
Liquidation Plan—
The
1947
10,958,908
admin,
166,
slight
1948
$19,386,267 $14,289,575
products
value
887r949>
60,980
(stated
912,898
depleted
Corp.—Earnings—
sales
of
—V.
|
procure
566,497
income
on
i
2140.
p.
taxes
Total
has
other
or
t
announces
a
Hartwell,
be
present
any
common
share
ex-rights
must
been
of
holders
one
$8,000,000
years."
economies
essential
167,
Federal
Incorporated held.
i
"at
from
has
1948.—
on
May 21, 1948, or
becomes effective, shall
after
that
assistance
the
1948,
1,
2
1946,
rate for transportation of mail because the com¬
defray the costs of its operations out of its in¬
to
rigid
with
Securities
certificates delivered
declares
capital
in
Federal
1946."
approval
State
the
corporation,
in
company on May 17 also applied to the Civil Aeronautics Board
of the RFC loan.
In the letter it pointed to the need
for
Delivery, selling,
company's
June
on
$14,500,000
as
amount
financial
because
sources
its
The
such
undetermined
application
means
private
by
sustain
an
the
business
registration
corporation,
'
i
x
laorics.
under
by
close
such
Unit to Build Plant—
weaving
of
process
sought
a
15, 1948.
June 16 and
which
N.
of
view
*s to be determined shortly before the offering is made.
Stock Exchange on
May 14, directed, subject to the
made, that the eommog stock be not quoted
ciu6-DHIS.-j-
subsidiary,
14,44"4~,600
and a rate of $1.25 a ton-mile starting Jan.
1, 1948.
At
time the company was receiving 45 cents a ton-mile.
On April
1948, the Board established mail rates on a sliding scale under
which, based on mail vclume estimated for 1948, United would receive
59.79' cent.: per revenue ton-mile on its routes within this
country
and 75 cents per ton-mile on its San Francisco-Honolulu route.
United
publicly
by Paul J.
stock, payable June 15 to holders of
with 25 cents paid on March 15, last,
William F. Humphrey,
ments
had
been
made
Cost
June
subscribe, for a period of 16 days,
value, of Lonsdale Co., to the extent of
finally
15,412,655
—
capital
effective
Jan.
p.
having
York
being
as
offer
an
to
par
of
of
record
on
right
6CmP^on pr*ce
The
making
of
date
of $1
On
for
initially
were
1973
to Subscribe—
effective registration
upon
the
stock
shares
common
15,
167,
Interest
Incorporated—Rights
««£?ntin8ent
common
999,900
Import Middle East Crude—
Gross
1933,
3,672,401
taxes—
profits
excess
poration on May 19
filed a
Board at Washington. D. C.
registered
(par $5i
and
(as a speculation)
Quarters Ended March 31—
filed
on
Texon
opening
1852.
Textron
A
each
The company
has called for redemption on July
1, next, at the
sinking fund redemption price of $105 per share and accrued dividends,
26,833 shares of $3.75 cumulative preferred stock, no par value. Pay¬
ment will be made at the
company's office, 17 Battery Place, New
York, N. Y.- ;
Net
and
company
Texon
agreement
York
and
to the Hawaiian Islands, with
said
appointed
sinking fund debentures due April 1
1735).—V. 167, p. 2072.
this
of
merger
the
color
commercial
Union Bag & Paper
The
share
per
declared
compares
on
March
$1.25.—V.
come,"
Texon Oil & Land Co.—Stock
to Go Off List—
approved
class
$10
166, p. 2424.
directors
special of $1
pany
Texas Power & Light Co.—New York
Registrar—
tsee
the
applying
for
947.
p.
at
Thompson Products, Inc.—Declares 50-Cent Div.—
in
31,
1948, current assets, including $42,332,584 "in cash
Treasury notes and certificates, were $47,618,439.
This
S.
not
•current
to
$2,952,734
3,840,000
com. share
per
$4,512,979
3,840,000
March
sold
a
made:
66,893,025
3,724,355
Asserting I hat temporary air mail rates set by the Civil Aeronautics
Board are inadequate end must be
substantially increased, this cor¬
Removed
Broadway, New York.
industries.—V.
June
90,456,866
notes
prom,
cially
$5,562,020
outstand.
available.
of
stock
common
were
The funds which the
company
up
and commercial
production
further technical
experimentation
become
Earnings
Stock
—
The primary feature of the Thomascolor
system lies in its ability
to use ordinary black and white film to take
pictures which may be
projected in color.
336,961
for
2.70%
444,150
167,
that it has applied to the
for a $10,000,000 loan.
In
its
application it pointed out that it is indebted to the Equitable Life
Assurance Society of the United States in the amount of $40,000,000;
7,110,135
-Com.
1948.—V.
Thomas,
Reconstruction
1945
8,677,506
Net
31,
'V
no
107,036,140
4,674,935
1,012,500
.
and
gen.
depletion
income—
Trade
$14,303,976 $11,871,986
Operating profit
Des.
Angeles
■
Tne
sulphur
misc.
its
of
Inc.—Earnings—
1948
from
rev.
shares
Transcontinental
Texas Gulf Sulphur Co.,
v
141
development of
complete final
the planes by
•Grand
west
March
acquired certain assets, patterns and inventions of
scientist and inventor and the several companies
heretofore controlled by Mr. Thomas who has been
actively engaged in
,1933..
89,431,817
sell.,
sold,
and
"■Estimated.—V.
The company had
Army Contract—
this
at
orders
the
awarded
15
$2,500,000
ago—a
notification
Forces
to
contract
years
May
on
Douglas C-54 transports extending into
The
by
Air Forces
aircraft
two
,©f 45
100
Tide Water
1594.
p.
SEC,
Richard
.
Texas Electric Service Co.—New York
due
outstanding
127,810,928
exps
Earnings
'
■
tures
*$4.37
from- registration May 5, 1948.
1,000,000 shares common stock class A
The
Co.—Secondary Offering—Smith, Barney & Co.
May 19 effected a secondary distribution of 70,000
shares of/capital stock (par $25) at $63,625 per share.—
'V. 167, p. 1735.
Guaranty
$1,729,478
$0.57
removed
$2.70
•on
registrar
$224,601
shrs.)
Net
$1,615,815
Texas
The
shares—
Los
1,000,000 shares of
the
the
York
stock
88,987,667
United Air Lines, Inc.—Seeks
Of the
1735.
p.
$2,037,026
307,54b'
(395,730
126,388,346
1,422,582
(net)
goods
on
not
*
operating
Int.
&
amortization
General taxes
Fed.
1948—12 Mos.—1947
$789,696
Maintenance
273,377
common
Inc.,
offered last, December
1948—Month—1947
revenues
1,199,687
of
admin,
from Registration—
The
Tampa Electric Co, —Earnings—
Period End. Feb.—
381,800
paid
share
common
with
■Operating
for
common
150,154,423
1946
returns
allowances)——
"'Depreciation
p.. 1197.
$0.79
and
167, p. 889.
Operation
383,094
$497,978
available
per
1947
discts.,
Total
$3,619,807
tax
.
dividends
Subs.)—Earnings
1,001,529
(less
income
"■Income
were
;
and
178,076
590,166
income
(&
1948
$3,441,731
$1,469,944
Federal
Thomascolor,
$0.90
class
on
for
profit
Preference stock
com-
stock
common
^-V.
credits
Net
$56,367
4,840
$61,432
share
per
$63,938
3,845
stock
stock
mon
and
_
Corp.
151,155,952
sales
Shares
...
.a,..*
preferred
1,219,150
$1,259,804
210,141
Gross
ac-
.....
Dividends
1,197,272
profit——
deductions
Provision
Earned
Net
14,870,503
Cost
38,446
___
income
15,284,657
.
Carbon
&
3 Mos. End. Mar. 31—
Other
Net
Other
Total
income
Total
Union Carbide
1948
4,457
$115,450
'
Monday,. May 24, 1948
t:.; ;
1947
allows.— $17,741,733 $19,531,384
freight, discts., returns &
gales
CHRONICLE
Inc.—Earnings—
*>,>/',■►■
iV
Selling and administrative expense
8,520
4,300
--
FINANCIAL
15,544
9,381
8,812
amortized
Profit
Other
&
Thatcher Glass Manufacturing Co.,
Tacony-Palmyra Bridge Co.—Earnings—
3 Months Ended March 31—
lacome—Tolls
COMMERCIAL
points
who
would
which
they
are
only
to
the
"dump".
would
interested
loss
on
receive
in
the
in
owning
required to pay brokerage fees and!
shares to be received;&nd
additional
X''''
~
'/--'T
'■
>'7-
1
«
-7-'-''\.A-
'■<,
V,''
Volume 167
Number 4701
brokerage
the
shares
fees
on
preferred
retired.
shares
which
would
'
r
Wiesenberger
contends
of
preference
Public
Utility
beyond
to
this
the
wish
stock
of
retain
that
need
Holding
point
wishes
to
replace
Act,
and
and
large
their
than
more
retired
unfair
is
a
not
be
in
order
that
the
holders
of
investment.
He
to
because
of
that
proposes
with
in
is
it
preference
the
made
shares
the
the
going
modified
.J; To effectuate
their
In
the
tional
not
to
this
event
that
number
of
requesting
to
be
preference
redemption,
retired
many
than
to
up
substantial
73.59%
is
However,
in
view
of
the
opposition
of
stock
-
Peabody
167,
EARNINGS
& Power
&
Co.
made
MONTH
revenues
Operation
Maintenance
Depreciation
Amortiz. of pit.
adjustments
Federal
Other
Net
1
acqui.
of
representing the
'special
offering
oper.
12
MONTHS
57,764
per
167,
(no
ENDED
par)
the
3,668,125
$8,914,120
89,984
$954,038
$8,824,136
182,274
2,142,215
Fed.
Agriculture
and
the
on
based
on
tive
May
Eastern
placed
acreage
further
held May
water
of
1947
stated
rived
outlook
19,
for
trends
and
for
in
in very good
years;
the
in
and
acreage
the
early part
g expected
as
fuel
whole
a
to increase
rates,
wage
volume
gross
acreage
turn,
and yields
may
cause
a
An
should
be
11%
in
the
of
will
with
13%.
prices the
rail
(he
and
than
1948
other
in
1947,
Based
it
is
approximately
but
on
increase
the
industries,
decline
revenues
present
in
estimated results
better
for
program
new
business
compared
If
.
somewhat
improvement
g. Sng principally
as
material
penses will amount to
income
of
are
are
gf *—V. 167,
p. 2073.
$2,675,624
$2,734,218
8,796
8,061
approved
by the board,
material,
new
Angelo,
funded
storage
its
operating
4.26% from the
rural
supplied
in
part
company
was
acquired
cash
for
American
in
areas
manufactured
plants
The
Public
of
and
sells
business.
In
of
revenues
sale
of
.ice
and
1947,
the
$9,796,207
water
and
to
a
from
4.48%
counties
49
water
ice
at
in
service
10
retail
ice
$13,505
$10,480
incorporated
the
Service
Co.:
part
at
30,
the
of
Texas
the
Water,
Public
Baird
Light
Co.:
Abilene
Gas
&
&
food
processing plant
at
and
ice
for
in
additions
1948
and
1949
expenditures
the
of
Abilene
tional
and
it
will
station
and
and
of
of
the
to
expend
1948
kilowatts
lines
1947,
extensions
for
22,500
generating
transmission
properties in the Dalhart
PROGRAM—In
Water
its
1949
include
additional
the
$3,260,009
and
Woodside
The
for
the
out
company
of
its
PURCHASERS—The
cipal
of
amount
such
bonds
of
several
167,
agreed
to
be
follows:
distribu¬
Hemphill,
Noyes
Drexel
Co
&
&
Co.
$1,290,000
&
R. W.
Pressprich
Merle-Smith—
&
prin¬
are
as
1,210,000
1,210,000
Co.
139th
Street,
Western
land.—V,
163,
:
company
on
May 10 filed a letter of
for 50,000 shares ($1
par) common stock,
Sept.
30,
1947
20" cents
were
each;
follows:
as
and
Dec.
pat option of tthe stockholder.—V.
|ft
output
of
ended'
over
29,
On
40
March
cents
Opiating
of
May
the
1947'.-fV; 167,
the
15,
in
31,
June
cash,
or
30
in
Net
and
stock,
96,987,000
;
kwh.
for
the
corresponding
Mar!
31—
with
offered
will
at
be
our
—
Bonds Offered
—
the
Net
As
be
applied
to
prepay
$1,000,000
Of
Mar.
outstanding
these
Easley
.
V" \
.
Greenville, S. C.—New Name— ,-j
Mills
Co.
above.
7-
"
';
1948—Month—1947
$
•!"
1948—4 Mos.—1947
•'
"-
46,424,737
X
.*
•'!'$"
V • "'t K'
$
' '
I
:
Corp.—Earnings—
■S
1948
1947
$2,343,2161
946,297 j
outstanding
2—
,
%p:
280,082
$1.34
-
■?
Stated
$1,702,657 &§'
924.088
share
II
Not
$1,396,919
-
common
Jcy
177,103,638 164,449,781-
taxes
$5.51
167, p. 1965.
(Including Wholly
Owned
3 Months Ended March 31—
Net sales, less cash discounts
Interest
and
dividends
realized
and
other
Total
Costs
from
(net)
other
income
Foreign
sales
of
v.
v.
securities
23,281
income
74,561
107,884
(net)
129,073
$14,686,822 $10,594,669
v
9,835,802
properties
7,656,405
128,982
x
,146,768%
1,565,091
taxes
taxes
government
:
1947
$14,365,477 $10,220,732
190,180
170,303
expenses
of
'
1948
allowed
investments
from
^
Subsidiary Companies)
properties
income
and
Federal
952,303
178,173
64,749
$2,960,988'
earnings
"Reserves
$1,792,230
!_
earnings
849,484
$2,111,504
of
$1,792,230
1,968.187
1,967.637
shares
per
share
increase
*
actual
total
for
income
tax
sales
the
at
promotion expense to
1948,
year
current
$1,370,135,
$1.07
$0.91-
quarter of the
$520,651 estimated
one
less
rate.
NOTE—Net
earnings of foreign subsidiaries included above amounted
1948, $249,148; 1947, $89,140.—V. 166, p. 2605.
to:
York
if
l'/2%
J948,
il
$954,604
$1,118,930
$688,423
248.599
174,554
510,167
Completed sales
"Partly completed
$2,373,278
343,010
$1,293,514
$1,198,590
1,415,403
ordinary income.
$740,886
$813,575
"$216,813
4,136,794
Dr370
notes
contracts
9,333,030
-
7,027,02$
$24,737,439 $20,223,940
192,018
1,659.393
providing for income taxes
Estimated "income taxes
$1,212,759
1947
1,005,832
653,713
$1,486,186
$1,005,685
$2,716,288
479,939
1948
$15,404,409 $13,196,512
Total
Income before
462,317
from
ord.
1,503,529
Net
earnings
Per
inc.
Winter
preferred
of
common
4,168.049
23,583
included
"A
$4.877,680,
1,144,000
$813,205
$813,205
$3,976,236
•
.
.
.
$1,236,342
tion
$1,236,342
'
..
: ;Afa
;
(Fla.)
Telephone
Co.—Preferred
Stock
Privately—The
an
recently
company
sold
issue of $200,000 3%% bonds.
Pro¬
construction expenses.
;;
ceeds will be used to finance
.The preferred,.stock is callable at 104;
February,, May, August and
of.a
£ Vi
on
November
1.
Dividends payable quarterly
Provision
is
made
annual sinking fund beginning in
year 1950 for retirement of the new 5% preferred stock..
the
for
each
contract
Sales
when
equipment,
—V.
March
31
and
not
20,925,607
22,353,755
and
billed
proportion to the stage of comple¬
anticipated to be 85% or more complete at the
earnings on
on
both
orders
interim
supplies and service
not
and
treated
year-end
contracts
as
are
statements.
from distributors and for accessory
which
are
not
recorded
until
shipped.
167, p. 986.
Young Radiator Co., Racine, Wis.—Expands—
The
company on May
11 announced the purchahse of the plant
formerly Occupied by the Atlas Imperial Diesel Engine Co. at Mattoon,
The main offices and plant will be retained at Racine, Wis. F. Ml
Young; President said that the Mattoon plant will produce. some of
the larger heat transfer units the company is manufacturing.
TH
estab¬
calendar
$6.25%
$1.0^ |
$26,448,293 $19,876,233
income
tDoes not include orders on hand
privately at 101 Vz
lishment
gross
months
include- sales and earnings in
of
recorded
recently offered 1,600 shares of 5% cumulative preferred
stock (par $100) at par.
Sold
in
6
substantial
year-end.
Offered—Leedy, Wheeler & Alleman, Inc., Orlando, Fla.,
Bonds
the
$1.40
portion of company's sales are classified as contracts.
consistently been the practice in annual earnings statements to
include such sales, and earnings thereon, only if the contract is 85%
or more complete
at the year-end.
Interim earnings statements, how¬
ever,
•
during
$9.29
It has
1,152,000
$2,824,236
booked
stock
stock
tContracts.-uncompleted
25,000
167, P. 1965.
Park
of
share
Orders
transferred
"Deficit.—V.
share
Per
income
r
•
Corp.—Earnings—
6 Months to March 31—
1948—3 Mos.—1947
men¬
60%
to
of
(Wm.) Wrigley Jr. Co.—Earnings—
Co.—Earnings—
1948—Month—1947
$3,733,680
week
|
property made prior
1853.
p.
profit
Federal
$16,717,429 $16,134,392 $47,221,824 $47,448,050
revenue exp._, 15,762,325
15,015,432
46,533,401
45,074,772
;; tot during, month
Deducts, -from net inc.a
issue of
/
The
Fountain ten
about
217,360
<Including Its Domestic Subsidiaries)
.
Common shares
par.
used
revenues
'
...
expenditures for bondabie
to
be
Net income accounted
electric properties of this
company for the'
totaled
104.829.000 kwh., an increase of
p. 2178.
,
are
to
Delayed income (net)—
PURPOSE—The proceeds, exclusive of accrued
Interest and exclusive
of the premium, to be received
by the company from the sale of
the bonds of series B are to be
deposited with Harris Trust & Savings
Bank, trustee under the Indenture.
'Approximately $>3,000,000 /of the
proceeds • ar.e-to vb ewlthdrawn-from the trustee "to the extent of
and
notification
Proceeds
2716.
Union Telegraph
Extraord. ciirr.
(net)
—-A--.
1948
output of
low:
net
p.
Seattle.
$1,203,203
May 17 a backing syndicate headed
by Hemphill, Noyes & Co, and Drexel & Co. on
May 14
offered45,000,000 first mortgage bonds; series B, 3% due
March. 1,. 1978 at 100.70 and interest;
Other details fol¬
of
165,
Inc..
inc.
Deducts,
.
tioned in
Co.,
communication)
"
167, p. 2073.
West ?Texas Utilities Co..
,
&
Operating income
Ordinary income (non¬
WestiPenn Electric Co.—Weekly Output—
week
Grande
capital.—V.
End.
Operating
-
3.08%
is
working
Period
have declared a dividend of 20 cents
per share, pay¬
stockholders of record June
16, 1948. Of this distribu¬
tion#;!();; cents will be from ordinary net income and 10 cents from
net
realized
securities profits.
On
March
31, last, a dividend of
|s20 cents was paid from ordinary net income.
•
'.V
'
:
.; %
Payments in
looms.
total
a
r
Net
Earned
to
30
Cotton
Federal income
estimated
Western
directors
June
.
.
"To
San
Wellington Fund, Inc.—20-Cent Distribution—
The
able
of
Oakland
357.
p.
Metalcraft, Inc., Olympia, Wash.—Files With
The
Co., it was announced on May 14. • The
plant, equipped
$ for the canning of fruits and the processing of tomatoes, was built
4 last year at a cost of about $2,000,000. The buildings cover
165,000
square
feet of working and storage space and are on 12 acres of
'-■M
Woodside
equipment of
Greenville,
Quarter Ended March 31—
Profit before Federal taxes——
SEC—
Canning
7
cost
167, p. 2178.
Underwriter
Avenue,
The
assets.
jv,
Number
company from the
gives
company's
Worthing ton Pump & Machinery
Net
Dick
1,290,000
the
purchase^ by each,
the
1737.
p.
Miscellaneous
purchasers and
at
43,317,435
Depreciation
the
Easley
as
$2,639,340 in the
1947
provision for possible losses,
C. The total
spindles and
1,600
66,000
that
___
$3,715,000
treasury.
names
to
',
—v.
Gains
tion and other facilities.
A
part ox the funds for the construction
propgram are proposed to be provided through the issuance and sale
of the bonds of Series B now offered
and a part will be provided by
the
the
Woolworth Co.—April Sales Declined 4.5%—
generating capacity in
$1,025,000 for addi¬
for
of
given
only about $800,000, which was equivalent
of about $12 per spindle for
Easley'.s
Reporter").—V, 167,
Sales
company,
substations
was
substantial
■
area.
properties
additional $8,000,000.
an
about
added
(F. W.)
Co.;
expended $3,and estimates
company
was
valuation
Period End. Apr. 30—
&
water
low
includes
See
Ice
electric,
company
very
Easley and Liberty, S.
Earnings per
for
West
1855
at
a
net value of
a
extremely
mills
—V.
its
parent
investment
Woodside Mills Co.,
date,
and individuals*. In 1944,
the .company acquired the
properties of Pecos Valley Power & Light Co. and, in 1945,
it acquired the electric and ice properties of Central Power and
Light
Co. in the Big Bend district in southwest Texas.
In 1946, the company
sold
the
carried at
municipalities
SEC
The
to
Easley
electric
April 28,
Leandro, Calif., has been purchased by this
shares,
plan also calls for the dissolution and liquidation
Cotton Mills, a
wholly owned subsidiary, and for the
%
and
same
Abilene
the
the
selling house of Iselin-Jefferson Co., New
York, N. Y., has a
controlling interest in Woodside and Ely & Walker
Dry Goods Co., ot
St. Louis, owns 14% of the
company's stock. ("American Wool andt
Co.
installation
Co.—Buys Plant—
by
Easley
an
wholesale.
Co.;
company has been changed to Woodside Mills Co.
capital is now $4,000,000, consisting of 400,060
value, in accordance with the reorganization
reorganization
the
Public
Electric
this
par
The
Ice Co.;
Cisco Gas and E'ectric Co.; Hamlin Light,
Co.; Haskell Ice & Light Co., and Stamford Gas &
Principally in the 10 years preceding Jan. 1, 1933, the
company and .its predecessors carried out a program of expansion in
keeping with the growth of the territory served. This program in¬
cluded the construction of. electfid generating stations and transmission
lines
and
the
acquisition of <„ utility properties
from, corporations,
Power
Electric
—V.
Welch Grape Juice
!'1
$10
78,893
Co.,
Service
Changed—100%
,
de¬
Light
Ice
Texas
Name
5.729
authorized
of
Simpsonville plants
spindles and 5,300 looms.
1927, in Texas. Company
following subsidiaries of
Plains
Mills Co.
and
the
communities
At
Cotton
of
name
the
plants
10,017
customers
in
San
plants and sold the output of
Sept.
properties
Texas.
to
5,912
Distribution, Etc.—
equipment
to
in
and
in
service
67.854
312,231
to
sale
from
$93,738
167, p. 2173.
statement, but, after
minor,,
the
$107,229
5,934
income
distribution
company
company
100
$134,873
$14,806
of
$1,226,860
the
$160,693
124,369
outstanding.
883,435
Service Co.; San
& Power Co.; Abilene Ice Co.; Cisco Ice Co.;
and Quanah Light & Ice Co. Texas Plains Public
Service Co., which was incorporated Jan.
1, 1923, under the name of
West Texas Utilities Co., had acquired,
upon organization, the electric,
gas
and water properties of the following subsidiaries of American
Angelo
cover-
1948—Month—1947
1948—4 Mos.—1947
$12,676,762 $12,178,563 $51,518,565 $48,591! o65
'
$93,638
3,739
Cotton
company
that
the corporation prepaid the May
1, 1949, instalment of
$1,591,000 of notes, thereby reducing the total
outstanding to $15,910,000 on April 30.—V. 167, pp. 2178 and 1198.
f:
1944
$107,049
482^ !*'♦?; 180
5,156
three
1947, the company supplied electric
166 cities,
towns and unincorporated
in
adjacent
these
Warner Bros. Pictures, Inc.—Reduces Notes—
On
1945
$134,391
3,523
was
debt
YEARS
194G
plan
stockholders at the special
meeting held April 16.
previous $20 par stock received not
only two shares ol
new stock because of the
decrease in par value but also, on
May 1,
were given a stock
dividend of 100% on their
holdings at that time,
and so
they now have a total of four $10 par- value shares fro
each single $20 share
previously held. Formerly, the- authorized capital
was
$2,950,000, of which $2,'060,850.51, or about 103,042
$2,110,295
$1,356,903
CALENDAR
4,276
Net
>
FOR
5.420
approved
$712,500.
manufactures
cold
a
of
31,
tracks
yard
the
131.
Winter
$160,215
expense
Holders of
388,000
831,730
$2,020,224
663,318
$2,091,903
is
company
77,235
shares
ice.
estimated
as
track
$2,066,612
San
Dec.
757,999
1947.
year
$2,743,014
651,111
633,403
latter
5,600
and
$2,012,163
24,391
CONSTRUCTION
Walgreen Co.—April Sales Increased 4.1%—
%
597,289
1,108,000
railroad
operating ex¬
obtained, net
and sidings, bridges, signals, new Diesel locomotives and
freight cars,
and improvements to
existing property, involves capital expenditures
of
approximately $12,000,000.
These
capital expenditures will be
financed out of
earnings of the property without
resorting to any
outside financing. In addition, new equipment has been ordered for
delivery in 1949 amounting to over $10,000,000.—V.
167, p. 2178.
Period End. Apr. 30—
Sales
of
West
inci'eased
approximately
and
683,082
1,190,000
conducts
Angelo,
may
beans.
soya
that
corn
which,
of
crop
prospects
excellent stand with
principal
the year
inc._
taxes—
electricity,
in
_
,o
$2,100,120
10,175
91.26%
the
1948, will produce pn climated
*:l qa1inci'ease in_ the
rates during the remaining months of this
year,
b.ulthat l!»8 *ain Will be partly offset by the loss in traffic due to
strikes in the coal
mining, meat packing and automobile industries.
Official forecasts have indicated that a new peacetime
record will
be set in
1948, but in the second quarter as a
result of strikes and
vacations in industry generally a decline is
indicated.
By the beginRing of the third quarter and
continuing through the balance of the
year it is expected that
output will be rising fast.
V Barring any further labor shutdowns of
anticipated
1,059,735
543,907
charges for one year on
be outstanding will be
customers
conditions
granted
and
1,021,941
565,125
401,000
1,147,000
to
in
extent
At
freight rates effec¬
1948, amounting to 20% in Western
territory and 30% in
in liffu of the previous increases
o,
507,888
1,056,988
$2,700,015
this
484
Woodside
HISTORY
AND BUSINESS—Company
Is
a
public utility engaged
principally in generating, transmitting, distributing and selling electric
energy in central west Texas and southwest Texas. It also distributes
Arthur K.
business for the
territory,
latter part
663,332
1,027,068
income
Interest
sale
are very good, wheat is in
(4.,
Atkinson
„i-_—_—~:
other deducts.,.
of
105,385
8,133
1944
(net)——
1921.
7,647
Net
2,747,316
407,783
income
in
Federal income tax.,
$8,078,591
taxes.
operation
9,599
The
1945
than
small
very
incorporated
Orange City Telephone
Orange City and Lake Helen,
of
stations
deductions™.
YEARS
2,748,795
income
and
proposed
for 1948—
present
a Jumper crop; oats is
°»e"the largest '-r°Ps in
higher than last year
uS
»
of the shareholders
CALENDAR
$8,403,912
income
Net
$1.65
to
the
reports of
the
U.
S.
Department
Wabash representatives in
the field,
reduction in the
%
Operating
Woodside's
$4,841,740
$1.78
FOR
1946
prof,
oper.
Gross
1,447,355
$5,234,565
1948
of
a
the
Interest
Miscell.
The
$6,289,095
1,447,355
according
te_rrit01fy
«?n,i
Srf
vIh
year
number
as
was
of
Park
Telephone Co. itself furnishes service to
Maitland, Altamonte Springs, end other communities.
Total income
under
2,848,886
income
excess
Other
2,103,848
shares!
issued
$9,008,713
other
Taxes,
Federal
$8,392,943
173,916
$6,681,920
be
may
1947
Maintenance
135,371
commenting
the
communities
Other income
of
amount
3,325,521
894,912
.—
Depreciation
Int.
$780,122
total
$9,796,207
revenues
—
$8,528,312
6,192
SUMMARY
Years Ended Dec. 31—
3,423,611
$960,230
Wabash RR. Co.—Sees Larger Net
■7
g:
*
cash,
in
EARNINGS
693,168
1736.
capital stock
Winter
—V.
3,226,758
2,938,425
the
serves
fetal
the
completing the
retiring $23,700
outstanding.
1947
indenture.
Net
693,168
on
of
EARNINGS
principal amount
the
now
started
owned.
It
privately
all
Total opcr. revenues
447,370 shs.
260,000 shs.'
^Exclusive of 25,643 shares reacquired by the company, but inclusive
l,9l»3 reacquired shares sold by the company in April, 1948, for
Operation
$917,950
share, based
p.
company for
stated that
%
374,500 shs.
$5,000,000 but the indenture does not fix
bonds' of Series B or of any other series that
at
3,173,703
$735,675
requirements
stock
57
Outstanding
170,153 shs,
(no
was
owns
5,000,000
of
FEBRUARY
57.764
2,710
Afvfnl™ ap."Uai mteetinE
Pres"*ent,
,1
The
Park,
Stock
351,066
loss
and
$18,000,000
tBonds of Series B are proposed to be issued in the
of
;
5V
Authorized
1,
1912
The
>
GIVING EFFECT TO PRESENT FINANCING
preferred
COMPANY—Company originally
wnich
restrictions
the
$224,217
294,602
Balance for common stock
r-V.
3
stock
Stock
$920,660
revenues..
dividend
Earnings
the
on
364,299
taxes—
income—net
Preferred
_
{'''■■,/
■
$37,500 4%
Co.,
„
aggre¬
338,514
income
^Net income
-
'
,
and
Company
be issued from time to time under the indenture, subject
thereof in any number of different series, as the
board of directors may determine.
Indenture does not fix the total
amount of bonds that may be issued thereunder.
1948—Month—1947
1948—12 Mos.—1947
$4,209,288
$3,713,306 $45,952,900 $40,446,683
1.966.785
1,555,085
23,013,316
18.656,045
285,352
234,958
3,346,637
3.003,575
275,914
259,600
3,143,830
2,915,212
Balance
Int. & amortization
ir,
in
"Bonds may
to
Co.—Special Offering—
a
AND
taxes
Other
w
\
.
t
Operating
FOR
Period End. Feb. 29—
Operating
w
0%
to
company
Fla.
•
1852.
p.
May 17 of 40,000 shares of common
stock
5la per share, with a
commission of 50 cents a share.
U
proceeds
net expenditures for bondabie property made
Mar. 1, 1948. All such expenditures for bondabie
will be made in connection with the construc.extensions and improvements to the properties of
1973—
of
Virginia Electric
Kidder,
Exchange
_
^
the
(2301)
PURPOSE—Stock Is to be Issued for the
purpose of
company's construction and extension
program and for
improvements
the
is
gate amount of $15,000,000.—V.
$
and
remainder of
reimburse
to
the
or
Vk'fr, due Aug.
A,
Common
requested, then an addi¬
shares would be drawn by lot from those
as to bring the total number of
shares
73.59%.
reimburse
or
so
so
holders
pay
extensions
The
trustee
Series B,
preference stock to the present plan,
unlikely that more than 73.59% of the
holders of such shares
wm
voluntarily accept the
exchange, and accordingly it is probable
that
after the consummation
pf the' plan, as modified, there will be
outstanding 300,000 shares of preference
it
to
3%, due March 1, 1978
$6 cumul. preferred stock (no par)—.
Series
whether
less
the
First mortgage bonds:
proposed
signify
additions,
properties.
from
CAPITALIZATION,
modification, the Wiesenberger memo¬
holders of the preference stock be accorded
or
not
they desire the redemption of
shares, and all requests for
redemption would be honored in full.
right
additions,
the- company.
randum proposes that all
the
and
m
CHRONICLE
of
have been
of
tibtt
company
that
so
1948,
12,
of
its
to
FINANCIAL
subsequent to
or
property
plan
instead of being 100%
mandatory, it be optional
as
to 300,000 shares
of
the presently
outstanding preference stock
and
mandatory as to the remaining 836.199 shares.
be
60%;
of
extent
on
contrary
who
stock
cost
made
be
withdrawn
be
July
due
the
for
to
or
to
are
banks,
to
company
.
836,000
comply
present
plan
inequitable
number
,
about
payable
the
&
COMMERCIAL
THE
The
it
owns
caused
company originally planned to build a new plant on 26 acres,
on
the north side of Racine, but uncertain building conditio:**
postponement
of the
project. Mr.
Young
said.—V.
164,
p.
7»o.
58
THE C6MMERCIAL & FINANCIAL GHRONIGLE
(2302)
STATE AND
Monday, May 24, 1948
CITY DEPARTMENT
BOND PROPOSALS AND NEGOTIATIONS
ALABAMA
Coachella, Calif.
Bonds Offered—-The Trust
of
of Atlanta,
Georgia,
Co.
is offer¬
ing for public subscription an is¬
sue of $182,000 21/2 % public imr
provement bonds. Dated May 1,
1948. Due on May 1, as follows:
$19,000 1949 and 1950, and $18,000 from 1951 to 1958, all incl.
Bonds maturing from 1954 to 1958,
are
callable May 1, 1953, or any
interest payment date thereafter
at par and accrued interest plus
a
premium
equivalent
to
12
months' interest. Principal and in¬
terest (M-N) payable at the First
Farmers
National
Merchants
&
Houston
Bank, and Troy Bank & Trust Co.,
both of Troy.
Approved as to
legality by White, Bradley, Arants
& All, of Birmingham.
son,
City
sealed bids
Clerk,
will
Bond Offering—Sealed bids will
be received by the Clerk of Board
of
Supervisors,
until
10
a.m.
(CDST)
Dated
July 1, 1948. Denom. $1,000.
$5,000 on July 1, from 1949
Principal and interest
(J-J) payable at the City Treas¬
chase
of
Due
These
are
the election held
office.
Rate
interest
of
be in multiples of y4 of 1%. Only
rate
one
interest
of
opinion
purchaser.
3%
of
certified
check
$155,000
the
principal amount of
the bonds bid for, payable to the
City, is required.
66,000
Coastside Union Elementary
School
Calif.
1953; $24,000 as 2y4s, matur¬
ing $6,000 from 1954 to 1957; $50,000 as 2%s, maturing $10,000 from
1958 to 1962, and $50,000 as 23/4S,
maturing $10,000 from 1963 to
1967, all inclusive. In addition to
said coupons, the entire issue will
bear
interest
to
total
4%
from
of
11
a.m.
chase
of
Board
receive
on
Augustus,
Supervisors,
sealed
June
15
bids
for
the
Bond
pur¬
land,
$90,000 not to exceed
interest school bonds. Dated
5%
000
not
to
building
exceed
bonds.
5%
interest
Dated
Aug. 1,
1947.
Denomination $1,000.
Due
on
Aug. 1, as follows: $65,000 in
1952; $113,000 from 1953 to 1957,
and $112,000 from 1958 to
1967,
all
inclusive.
Principal and in¬
(F-A)
payable
at
the
County Treasurer's office. A rea¬
terest
sonable
time,
will be
days
chaser
for
not exceeding 10
allowed the pur¬
the
purpose
with
the
issuance
total 4%
from
CALIFORNIA
County), Calif.
Sale—The
struction
bonds
$400,000
offered
on
con¬
May
17-^-v.
167, p. 1853—were pur¬
chased by Kaiser & Co., of San
Francisco, at a price of 100.03, a
net interest cost of
2.524%, as fol¬
$125,000 as 2%s, maturing
$25,000 on June 1, from 1949 to
1953, and $275,000 as 2y2s matur¬
ing $25,000 on June 1, from 1954
lows:
to
1964
incl.
The next
Dated
June
1, 1948.
highest bidder
was the
California Bank, Los Angeles, for
^ \
$250,000
2y4s, and $150,000
2%S, at 100,036.
as
the bonds authorized
on
March 16.
Offering—W.
McClel¬
J.
bids
as
Bond
tion
Sale
with
Details—In
sale
of
connec¬
the
$60,000
school bonds to Heller, Bruce &
Co. of San Francisco, at a net
interest cost of 1.98%, as reported
in
our
April 26 issue—V. 167, p.
1853—we
were
sold
learn
at
that
the
bonds
price of 100.02, as
follows: $15,000 as l%s, maturing
$5,000 from 1949 to 1951 and $45,000 as 2s, maturing $5,000 from
a
—
syndicate
sealed
bids
until
H.
8
Lan-
Francisco, Dominick & Dominick,
of New York, Stone & Youngberg,
on
First California
incl.
Union
66,000
bonds. Due
lows:
District
School
July 1,
on
$5,000
from
as
fol¬
1949
to
1958; $4,000 in 1959, and $3,000 from
1960
1963 incl.
to
Dated July 1, 1948.
Denomina¬
tion $1,000. Principal and interest
(J-J)
payable
at
the
County
Treasurer's office. The bonds will
not be
sold for lessUhan par
accrued
and
interest to date of deliv¬
The legal opinion of O'Mel¬
veny* & Myers, of Los Angeles,
ery.
approving
the
validity
the
of
$10,000
Dated
Principal and
interest (J-D) payable at the
Treasurer's office.
Rate of
terest to
of 1.8137%, as follows: $1,^
270,000 as 4s, maturing on July I*
$310,000 in 1949; $315,000 in 1950;
$320,000 in 1951; $325,000 in 1952;
$3,150,000 as iy2s, maturing $330,-r
cost
June 1, from 1949
inclusive.
1968
City
in¬
be in
multiples of y4 of
1%.
The opinion of O'Melveny
& Myers of Los Angeles, approv¬
ing the validity of the bonds, will
be
furnished
the
purchaser:
Cb;y .Baiinaford";&
Talbot, all of San Francisco, and
C. N. White & Co., of Oakland, at
a price of 100.0403, a net interest
Denomination $ l ,000.
to
a
Savings Association, of San
Francisco, National City Bank,
Blyth & Co., both of New York,
Harris Trust & Savings Bank, of
Chicago, J. Barth & Co., of San
p.m.
1948 bonds.
County (P. O.
Jose), Calif.
&
(Calif.
DST) on May 26 for the purchase
of $200,000 not to exceed 5% in¬
sewer,
time
p. 2074—were purchased
syndicate composed of the
Bank of America National Trust
by
receive
Due
District
same
167,
—v.
i9oo
terest
the
Sale—The $9,000,000 con¬
struction bonds offered on May 18
Oceanside,' Calif.
will
The $30,000
Bond
on June 1,
1955, and $342,Ouu as
Clerk,
Clara
San
1964, and $27,000 from 1965 to
1968, all inclusive. Dated June 1,
1948. Interest payable J-D.
City
at
offered
Santa
to
des,
—
School
San Jose Unified School District„•
2y4s, maturing $26,000
Offering—John
The
John Nu¬
sive.
Association, Blyth & Co.,
Francisco, William R.
Staats Co., of Los Angeles, and J.
Barth & Co., of San Francisco, at a
price of 100.009, a net interest cost
of 2.4662%, as follows: $182,000 as
Bond
was
a
1,
1,
purchased by John Nuveen &
Co. of Chicago, at 3y2s, at a price
of 100.06, a basis of 3.48%.
Dated
June
1, 1948. ' Due serially on
June 1, from 1949 to 1954 inclu¬
both of San
from
June
June
were
of America National Trust & Sav¬
<p^o,uuu
100.711,
on
for 3s, at 100.06.
Valley
bonds
on
maturing
& Co.,
of
1956 inclusive.
highest bidder
Apple
May 17—v. 167,
purchased by a
composed of the Bank
from 1949 to
Sav^-
&
Dated
serially
Additional Sale
were
June 1,1948.
on July 1, as
$12,000 from 1949 to
1958; $10,000 in 1959 and 1960,
and $3,000 from 1960 to 1963
in
000
1953;
$335,000
in
1954;
$340,000 in 1955; $345,000 in 1956;
$350,000 in 1957; $355,000 in 1958;
$360,000 in 1959; $365,000 in 1960;
$370,000 in 1961; $3,200,000 as l%s
maturing $375,000 in 1962; $385,-
A
certified check for 3% of the prin¬
cipal amount of the bonds bid for,
payable to the City, is required.
000
in
1963; $390,000 in 1964;
$395,000 in 1965; $405,000 in 1966;
Oro Loma Sanitary District (P. O. $410,000 in 1967; $415,000 in 1968;
San Lorenzo), Calif.
$425,000 in 1969, and $1,380,000 as
maturing $430,000 in
1970;
Bond Offering — Sealed bids 2s,
will be received until June 22 for $440,000 in 1971; $445,000 in 1972,
and
$65,000 in 1973, all inclusive.
1, 1948. Principal and
(J-J)
payable
at
the
check for 5% of the amount of bonds authorized at the election
County Treasurer's office or at
bonds of each issue, payable to the held on Oct. 21, 1947.
the County's fiscal agency in New
Chairman of Board of Supervi¬
Riverside County School Districts York City, at the option of the
sors, is required.
holder.
The next highest bidder
(P. O. Riverside), Calif.
Los Angeles County Municipal
Bond Sale—The $315,000 Hemet was the American Trust Co., San
Improvement and Acquisition
First
Boston
Corp.,
Valley
Union
School
District Francisco,
Districts, Calif.
bonds offered on May 17—v. 167, j Northern
Trust
Co.,
Chicago,
Bond Call
L. V. McCardle, p. 2074—were purchased by John Heller, Bruce & Co., R, H. Moulton & Co., Weeden & Co., R. W.
Treasurer, announces that the fol¬ Nuveen & Co., of Chicago, Kaiser
&
Co.,' William R.
lowing refunding bonds are called & Co., of San Francisco, and Pressprich
for payment at his office:
Paine, Webber, Jackson & Curtis Staats Co., Dean Witter & Co.,
Kaiser & Co., and Lawson, Levy
of Chicago, at a price of 100.23 a
$8,551.52 Municipal Improvement
& Williams, jointly, for $2,970,000
net interest cost of 2.53%, as fol¬
District No. 37 bonds.
as iy2s, $2,210,000 as l3/4s, and $3,lows:
$90,000 as l3/4s, maturing
8,151.52 Municipal Improvement
$15,000 on July 1, from 1949 to 820,000 as 2s, at 100.116.
bonds will be furnished the pur¬
chaser without cost.
A certified
the
purchase of $1,840,000 general
obligation bonds.
These are the
Dated June
interest
•
1
—
District No. 35 bonds.
5,269.14 Acquisition and Improve¬
ment District No. 39 bonds.
Los
Angeles County Sch. Dists.
(P. O. Los Angeles), Calif.
Bonds Voted
held
the
on
May
issuance
—
4
At
an
voters
of
election
approved
$2,200,000
Glen-
dale Elementary School bonds.
Bonds Not Voted
the
—
At the
voters
same
did
not
School
•
District bonds.
Mendota
Union
Fresno
School
County
(P.
District,
O.
Fresno), Calif.
Bond Sale—The $225,000 build¬
ing bonds offered
167,
the
Trust
San
on
May 11—v.
p. 1966—were purchased by
Bank
of
America
National
& Savings Association
Francisco, at
a
price
100.079,
of
of
of
a net
interest cost
2.417%, as follows: $82,000 as 2y2s,
Gustine, Calif.
maturing on June 1, $12,000 from
Bond Offering—Sealed bids Will 1949 to 1953; $11,000 in 1954 and
be received until June 1, for the 1955; $66,000
as
2y4s, maturing
purchase of the $185,000 sewer $11,000 from 1956 to 1961, and
bonds offered on Jan. 6 for which $77,000 as 2y2s, maturing $11,000
all bids received were rejected.
from 1962 to 1968,' all inclusive.
1952 to 1960, all inclusive.
2074
p.
Trust
price
a
2.581%.
Due
from 1949 to
—
bonds offered
at
of
1948.
Union
trict bonds. Due
election
the
veen
basis
Elementary School
District, Merced County (P. O.
Merced), Calif.
Bond Sale
The $524,000 school
until
Greersburg Elementary Sch. Dist., approve the issuance of $2,750,000
Glendale
High
School
District
San Mateo County (P. O.
bonds, and $180,000 Sierra Madre
Redwood City), Calif.
'Arroyo Grande Vnion High School
District, San Luis Obispo
Bond
is required.
100.323.
follows:
of
Co.,
Sidlo,
Simons, Roberts & Co., Walter & said bonds, and the bonds must be
Co., and Kirby L. Vidrine & Co., taken up and paid for within five
jointly, for $21,000 as iy2s, $12,- days after notice has been given
t»O0:2s, $18,000 2V4s, $56,000 2%s, that they are ready for delivery.
and $50,000 as 2%s, at par. In A certified check for $1,000 pay¬
addition to said coupons, the issue able to the Board of Supervisors,
interest to
are
$155,000 Valley Union School Dis¬
of deter¬
connection
bear
School
23/4s,
next
County
sealed
June
rett-Bromfield
to
Union
Clerk, will receive
2 p.m. (CDST)
on
June 7 for the purchase of
$221,000 not to exceed 5% interest
building bonds divided as follows:
of
mining at his own expense the
legality of the proceedings had in
July 1, 1948 to 1950.
High
Calif.
until
July 1, 1948 to Jan. 1,1950. Dated
Jan. 1, 1947. Interest payable J-J.
The next highest bidder was Gar&
Union
Imperial School Districts, Imperial
County (P. O. El Centro),
Bond Offering—W. H.
Clerk
will
1
and
Imperial
Imperial
These
highest bidder
was the California Bank, Los An¬
geles and Paine, Webber, Jackson
& Curtis, jointly, for $148,000 as
2j/2s,
and
$77,000 as 2%s, at
■
National
ings Association of San Francisco,
ings
at the election held
—
cost of 2.789%, as follows:
$33,000 as l%s, maturing $7,000
from 1949 to 1951; $6,000 in' 1952
y.
School District bonds.
J-J.
terest
;
District bonds.
The next
Fairfield, Calif.
Bond'Sale
The $125,000 mu¬
highest bidder was Peters, Writer
& Christensen, Bosworth, Sullivan nicipal
improvement bonds of¬
& Co., and Henry Dahlberg & Co., fered on May 18—v. 167, p. 2179—
jointly, for $4,000 as l34s, $2,000 were purchased by the American
as 2s, $4,000 2V4s, $6,000 2y2s, and
Trust COi, of San Francisco, at a
Dated June
$14,000 2%s/ at..par. In addition price of 107.83.
1,
to said coupons, the entire issue 1948. Due serially on June 1, from
1949 to 1973 inclusive.
to bear interest to total 4% from
Principal
and interest (J-D) payable at the
July 1, 1948 to 1950*
City Treasurer's office.
Maricopa County School District
Fresno City School District,
No. 6 (P. O. Phoenix), Ariz.
Fresno County (P. O.
Bond Sale—The $157,000 school
Fresno), Calif.
bonds offered on May 10—v. 167,
Bond Offering—E. Dusenberry,
p.
1966 — were purchased by
Refsnes,
Ely, Beck &
Co., of County. Clerk, will receive sealed
bids until 10.30 a.m. (CDST) on
Phoenix, and Boettcher & Co., of
June 2 for the purchase of $1,750,Denver, jointly, at par, a net in¬
payable
March 5.
follows:
as
for
1, 1948. Denom. $1,000. Due
on June 1, as follows:
terest cost of 2.786%, as follows:
$4,000 from
1949 to 1958, and $5,000 from 1959
$10,000 as 2%s, maturing $2,000
to 1968, all incl. Rate or rates of
on July 1, from 1949 to 1953; $10,interest to be in multiples of y4
000 as 2V2s, maturing $2,000 from
of 1%. Split rates will be received.
3954 to 1958, ahd $10,000 as 2%s;
maturing $2,000 from 1949 to 1963 Principal and interest (J-D) pay¬
able
at the
County Treasurer's
incl. In addition to said coupons,
office. A certified check for $1,000
the entire issue will bear interest
payable to the Chairman Board of
to total 3V2% from July 1, 1948
Supervisors, is required.
to Jan, 1* 1950. Dated Jan, 1, 1948.
Interest
on
of
A
as
Merced
may be bid.
be received by the Clerk of Board
O'Melveny
&
of Supervisors, Until June 7 for the
Myers, approving the validity of
the bonds, will be furnished the purchase of $221,000 bonds divided
The
America
The next
the bonds authorized at
Imperial County School Districts
(P. O. El Centro), Calif.
Bond Offering—Sealed bids will
to
District, San Mateo County
(P. O. Redwood City),
Refsnes, Ely, Beck & Co., of
Phoenix, and Boettcher & Co., of
Denver, jointly, at par, a net in¬
May 24 for the pur¬
$40,000 building bonds.
on
to 1964 incl.
urer's
Dated June 1, 1948.
Due serially
on June
1, from 1949 to 1968 in¬
clusive.
Joaquin
receive
until 8 p.m. (CDST),
on
June 2 for the purchase of
$80,000 not to exceed 5% interest
city hall, jail and park bonds.
ARIZONA
Maricopa County School District
No. 2 (P. O. Phoenix), Ariz,
.«Bond Sale—The $30,000 school
bonds offered on May 10—v. 167,
p.
1738 — were purchased by
School
District, San
County (P. O.
Stockton), Calif.
Bond Offering—Marie L. John¬
Troy, Ala*
1954; $150,000 as 2 3/4s, maturing
$15,000 from 1955 to 1964, and
$75,000 as 2V2s, maturing on July
1, from 1965 to 1969, all inclusive.
Additional Sale
Hemet
trict
Union
School Dis¬
on
May 17
by the named
purchased
firms, at a price of 100.07,
a
net
interest cost of
2.53%, as follows:
13/4s, maturing $15,000
£
Calif.
Bond Sale
High
were
"
County (P. O. Martinez),
The $330,000
—
offered
bonds
San Ramon Valley Union High
School District, Contra Costa
The
$269,000 con-*
on May 17
—v. 167, p. 2179—were purchased
by Blyth & Co., Weeden & Co., pf
San Francisco, and the William R.
Staats Co., of Los Angeles, jointly,
at a price of 100.017, a net interest
cost of 2.419%, as follows: $40,000
as 2y2s, maturing $10,000 on July
1 from 1949 to 1952; $109,000.
2y4s, maturing $10,000 in 1953 and
1954; $14,000 in 1955; $15,000 from
1956 to 1960, and $120,000 as ?y>s,
maturing $15,000 from 1961 tor
1968, all inclusive.
Dated July l,t
1948. Due serially Oil July 1, from.
—
struction bonds offered
1
$90,000 as
on
July 1, from 1949 to 1954;
$150,000 as 23/4s, maturing $15,000
on July 1, from 1955 to 1964, and
$90,000 as 2V2s, maturing $15,000
from 1965 to 1970, all inclusive.
Dated
July 1, 1948.
The next
highest bidder was the Bank of
America National Trust & Savings
Association, San Francisco, Heller,
Bruce
& Co., Lawson, Levy & 1949 to 1968 inclusive.
Williams, Weeden & Co., and J..
Santa Barbara, Calif.
- /
Barth & Co., jointly, for $330,000
Bond Offering — Fay e Griffen,?
as 2y4s,
2V2s and 23/4s, at 100.07,
City Clerk, will receive sealed!
and $315,000 as 2y4s, 2y2s and 23/4s,
bids until 2 p.m. (Calif. Daylight:
at 100.04. '
Savings Time) on June 3 for the"
San Bernardino County Sch. Dists.
purchase of $600,000 not to exceed,
(P. O. San Bernardino), Calif.
4% interest water bonds.
Dated
Bond Sale
The $80,000 Del June 1, 1948. Denomination $1,000.:
—
Rosa
fered
were
-V
:'."v\vV-
School
District
bonds
of¬
May 17—v. 167, p. 2074—
purchased by the Bank of
on
i
'*
)'■/—}}
If
sAkt.4
yf
Due
to
$40,000
1963
on
June 1, from
inclusive.
1949j
Principal and.
interest (J-D) payable at the
City
kip fyH
ill
*
OT
I
9 f
•
.
■
;;
^
■
'■
V'
'
f
,
Vplume 167
:
.
Number 4701
Treasurer's office. Rate of inter-f
est -tp be in muWipl§s of: V4 of 1%.
Not more than two rates may be
bid.
No bid for a part of the
bonds
will
be
considered.
The
bonds wilj be sold for cash only
and for not less than
par and ac¬
crued interest,*
The opinion of
O'Melveny & Myers, of Los An¬
geles* approving
the'^validity of
the
bonds will be furnished the
purchaser at or prior to the date
Jof delivery
of the bonds, at the
expense of the City.
A certified
check for 3% of the
principal
amount
the
of
the
bonds, payable to
City, is required.
THE COMMERCIAL & FINANCIAL CHRONICLE
nexit jbiighost^'bidders was R. WV tenders until 5 p.m. (EST) on
Pressprich & Co.^ for jl.l2% : plus May 31 of $2,900 refunding series
$23;:
A and $3,000 refunding series B
bonds, due Jan. V1969.
L
CttHm* lYjSi-P::,;.
'
'■
Bond Sale—The $500,000
bonds offered on May 20
Bond Offering—Ruth
A.
leigh, County Clerk, will
sealed
DST)
bids
until
2
Pres-
receive
(Calif.
p.m.
May 24 for the purchase
$39,000 not to exceed 5% in¬
of
on
terest
building bonds divided
as
follows:
$23,000
Union
bonds.
26,
School
Due
from
sive.
$1,000
1949
to
These
authorized
held
on
District
Childs
inclu¬
the
bonds
are
the
at
election
April 6.
16,0.00 Fall River Mills Elemen¬
tary School District bonds.
Due $1,000 on
April 26, from
1949 to 1964 inclusive. These
.
"•V
bonds authorized at
the election held on March 30.
*
•
the
are
Dated April 26,
nation
$1,000.
1948.
Denomi¬
Principal and in¬
terest
(A-O)
payable
at
the
County Treasurer's office. Bidder
to
name rate of interest.
A certi¬
fied check for 10% of the bonds
bid for, of each
issue, payable to
the Chairman of Board of
Super¬
b/visors, is required.
Sutter
,
:
Creek, Calif.
Sold—The $90,000 sewer
authorized at the election
bonds
held on Oct. 28, 1947 have been
$old to the William R. Staats Co.
San
Sale—The $1,098,200 tem¬
loan, series M-l notes of¬
porary
fered
May 19—v. 167,
on
—were
Fenn
p.
2179
purchased «■ by . Phelps,
&
Co. of New York,
at
0.77%,
plus a premium of $15.
May 25, 1948, due May 25,
1949.
The
next highest
bidder
was
Salomon Bros. & Hutzler, at
0.90%, plus $11.
Dated
Stratford, Conn.
Bond Sale—The $255,000 sewer,
series 1948 bonds offered on
May
20
167, p. 1739 — were pur¬
chased by Day, Stoddard & Wil¬
liams of New Haven, as l%s, at
101.67, a basis of 1.52%.- Dated
v.
—
June
1, 1948.
Due serially on
1, from 1949 to 1963 inclu¬
June
sive.
was
The
R. L.
next
highest bidder
Day & Co., for l%s, at
101.406.
Housing Authority,
Note Offering—Edward Adams,
Secretary, will receive sealed bids
until
1 p.m.
(DST) on May 25 for
the purchase of $245,000 tempo¬
rary loan series M-2 notes. Dated
3, 1948.
Due Feb. 23, 1949.
The validity of the notes will be
approved by Robinson, Robinson
& Cole of Hartford, and a
copy of
such opinion will be furnished
by
the
Authority to the successful
Note
Bond Offering—Miles F.
Clerk,' will
bids until 4
27
for
the
House,
receive
(MST)
p.m.
purchase
sealed
May
on
of
$195,000
bonds. Dated
2^% sewer revenue
March
1,
1947.
Denomination
$1,000,
Due on March 1, as fol¬
lows:
$5,000 from 1949 to 1957;
$6,000 from 1958 to 1960; $17,000
in
1961;
from
$18 000
in 1962; $19,000
1965, and $20,000 in
1963 to
1966
and
1967
inclusive.
inclusive,
redeemable
at
the
option of the City in inverse
nu¬
merical
and
on
are
order
March
on
1, 1952,
any interest payment date
thereafter.
If
redemptions
are
made prior to March
1, 1957, they
£hall
be
mium
made at
of
2V2%
par
of
and
a
pre¬
the
principal.
On March 1, 1957, and
thereafter,
redemptions before maturity shall
be made at par without
premium.
Principal and interest (M-S) pay¬
able
at
P.
will be
the
City Treasurer's of¬
approving opinion of
Tallmadge of Denver,
furnished without cost to
purchaser. A certified
check
for $4,000 is required.
rf'.'
J.
Ash-
ton, Secretary, will receive sealed
bids
26
until
for
1
the
temporary
notes.
(DST) on May
purchase of $304,600
loan
(series
M-l)
p.m.
Dated
June 2, 1949.
June
2,
1948.
Due
The validity of the
notes will be approvide by Robin¬
son
& Cole, of Hartford and
a
copy
of such opinion will be fur¬
nished by the Authority
purchaser without cost.
to
Bond
Sale—The $400,000 ele¬
mentary school bonds offered on
May 19--V. 167, p. 2179—were
purchased by the Harris Trust &
Savings Bank of Chicago, and
:
Charles *W.
Scranton
&
Co.
of
New Haven, jointly, as 1.70s, at a
price of 100.85, a basis of 1.694%.
Dated May 1, 1948.
Due serially
on
May 1, from 1949 to 1968 in¬
clusive. The next highest bidder
was
Coffin & Burr, for
1.70s, at
100.406.
Bond Sale
purchased by Salomon Bros.
Hutzler, of New York, at 1%'j
plus a premium of $23. Dated May
27, 1948, due Nov. 30, 1948.
The
&
ac¬
the Chemical Bank
& Trust Co.,
Bonds registered
New York
City.
as
to both principal and interest
must be accompanied by a
duly
executed assignment in blank of
the registered owner or his attor¬
1948,
paid
presentation
upon
and
from and after
Miami Shores
Bonds
held
July 1, 1948.
(P. O. Miami), Fla.
Voted
—
At
election
an
May
on
proved
the
11 the voters ap¬
issuance of $125,000
Orange County (P. O. Orlando),
Bond
Offering—Ralph A. Potts,
Director of the State
Board of Administration, will re¬
Executive
ceive
sealed
The $600,000
bids
until
9.45
a.m.
(EST) on June 1 for the purchase
$321,000 series of 1948 SBA re¬
funding bonds. Dated July 1, 1948.
Denom. $1,000. Due July 1, as fol¬
lows: $160,000 in 1970 and $161,000
in
1971.
Principal and interest
of
payable
interest
at
'
the
First
Orlando.
in
National
Bonds to bear
multiples
of
V\,
1/10
1/20 of 1%, at the lowest rate
obtainable when sold at par, or at
or
3% when sold to the bidder who
pay
the highest premium.
will
Legality to be approved by Giles
J.
Patterson
Bonds
are
of
Jacksonville.
full faith and credit ob¬
ligations of the county and will be
further
shared
by the county's
distributive
share
two cents per
of
the
State's
gallon gasoline tax.
Pensacola,
Fla.
Revenue Certificates Sold—Act¬
the city's fiscal agent, HenHay^s, Inc., of Birmingham,
as
serially in from 1 to 20 years.
Purpose of the financing was to
finance purchase by the City of
the gas properties of the
Gulf
to 1968 inclusive.
Power
—
bonds
offered
on
est bidder
was
The next
high¬
the Harris Trust &
Savings Bank, Chicago, for 1.70s,
at 100.299.
effected
private placement of $2,000,000 3Y4% natural gas system
revenue
maturing
:
Tallahassee, Fla.
Bond Sale—The $250,000 street
improvement, series A bonds of¬
FLORIDA
fered
Hillsborough County (P. O.
Tampa), Fla.
Bond Offering—Ralph A.
Potts,
Executive Director State Board of
Administration,
certificates
Company,
transfer
of
which was completed on April 27.
,
1
announces
that
May 14—v. 167, p. 1967
purchased by a syndicate
composed of the Trust Co. of
on
—were
Georgia, Robinson-Humphrey Co.,
and the Citizens & Southern Na¬
tional Bank, all of Atlanta, as
2s,
at
a
cost
price of 99.58, a net interest
of 2.055%.
Dated May
1,
Due serially on May
1, from
a.m. <EST) on June 1 for the
1948.
purchase of $155,000 SBA refund¬ 1950 to 1961 inclusive. The
next
ing
series
1948
coupon
bonds. highest bidder was
Merrill, Lynch,
Dated July 1, 1948. Denomination
Pierce, Fenner & Beane, and At¬
$1,000. Due July 1, 1955. Frinci- lantic National
Bank, Jackson¬
oal and interest payable at the
ville, Jointly, for $40,000 as 4s, and
Exchange National Bank, Tampa.
$210,000 as 2s, at 100.26.
Bonds to
ples. pf lA
bear
interest in
multi¬
1/10 of 1%, at the
lowest rate obtainable when sold
bidder who will pay the highest
price
therefor.
The
approving
opinion of Giles J. Patterson, of
Jacksonville, approving the valid¬
istration, is required.
lb
Lake
Placid* Fla-
Tenders Invited—Vera
Bowers,
Clerk, will receive sealed
Town
IDAHO
or
at par, or at 3% when sold to the
Chicago, jointly, at 1.95%.
ing:
' ;v
'vf
$4,100,000 County corporate
war¬
rants.
1,040,000
County highway
war¬
220,000 forest preserve corporate
,
warrants.
Clerk-Treasurer,
School
(P.
District
No.
34
O.
Glenview), III.
Bond Sale—The $137,000 school
bonds offered on May 18 were
purchased
of
by the First National
100.354,
a
af
i
or a
highest bidder
™aiJ Sip
y
at 100.90.
was
Har-
^4S'
'
water
Sale
—
The
bonds
revenue
Corp.,
offered
on
both
of New
York, John Nuveen & Co. of Chi-
Bacon, Stevenson & Co. of
New York, William Blair & Co.,
Martin, Burns & Corbett, Kebbon,
ago,
inclusive.
required to
at
100.0159,
be
than
a
net
$70,000 in 1963 and 1954; $80,000
in 1955; $1,770,000 as
2V4S, ma¬
turing $80,000 in 1956; $85,000 in
1957; $90,000 in 1958 and 1959;
$95,000 from 1960 to 1962; $100,000
1963
to 1966; $105,000 from
1972; $110,000 in 1973, and
fcnn Ann
c?nn
$690,000 as 2V2S, maturing $110,000 in 1974 and 1975; $115,000 in
1976 and
1977, and $120,000 in
1967 to
and
1948.
was
man,
1979.
The
next
Dated
highest
Co.,
1,
bidder
Halsey, Stuart & Co., Gold¬
Sachs & Co., Paine, Webber,
Curtis, A. G. Becker &
C.
F.
Childs
<$1
Weeks
&
Co.,
Braun,
Co., Inc., Horn blower
and
Mullanev. Wells &
Co., jointly, for $1,775,000 as 21/4S,
and $1,115,000 as 2%s, at 100.004.
Greater
Rockford
V\ of 1%, and not
by
payable
each
J-J.
No
shall
bidder.
In¬
bid
sidered.
The
opinion of Ross,
McCord, Ice & Miller of Indian^he
bonds will
da^e
the legality of
be
file
on
the
on
sa*e and
ke furnished
to the purchaser without cost. No
conditional
bids
will
be
consid-
certified check for $100 pay-
ered
able to the Town, is required,
Bond
$600,000 elec¬
utility revenue bonds offered
May 17 were purchased by
Halsey, Stuart & Co., and the City
on
Securities
at
Corp., of Indianapolis,
price of 100.403, a basis of
a
2.203%.
Dated May 1, 1948.
serially
on
Due
Jan. and July 1, from
1949 to 1979
inclusive.
/
Montgomery Township School
Township (P. O. Owensville), Ind.
Bond
Offering—Arlin
Township
sealed
Trustee,
bids
(CST)
of
41/2%
Cox,
receive
7.30
for
8
$89,000
W.
will
until
June
on
chase
not
p.m.
the
to
pur¬
exceed
interest
school
building
May 1, 1948.
De¬
nomination $1,000. Due $3,000 on
bonds
Dated
;July Vo*n ^
/J?nJn
fTi951toT1?58,1 aiid
,and $3'000 July X' from Bidders
1959 to
Jan.
1, 1963 inclusive.
t
will be required to name the rate
of interest in multiples of lU of
1%
and
not
than
more
in¬
one
terest rate shall be named by each
bidder. The approving opinion of
Ross, McCord, Ice & Miller, of In¬
dianapolis, will be furnished the
successful
the
of
check
bidder
the
at
Township.
A
expense
certified
for
$1,000 payable to the
Township, is required.
School
Shelbyville School District, Ind.
Bond
Airport Author¬
ity (P. O. Rockford), III.
Bond Sale—The $750,000 airport
Sale—The
tric
June
Jackson &
Bosworth &
be
for
less than par and accrued interest
to date of delivery will be con¬
interest
2.354%, as follows: $430,000 as 2%s, maturing on Jan. 1,
$45,000 in 1949; $50,000 in 1950;
$55,000 in 1951; $60,000 in 1952;
1978
shall
the rate of in¬
interest rate
one
named
terest
cost of
from
Bidders
name
which the bonds are to
Such interest rate must be
bear.
McCormick & Co., all of Chicago,
and Weeden & Co., of San Fran¬
cisco,
re¬
p.m.
Goshen, Ind.
$2,890,000
May 17—v. 167, p. 1854—were
purchased by a syndicate com¬
posed of Smith, Barney & Co., Lee
Higginson
2
water and sewer bonds.
Dated
June 1, 1948.
Denomination $500.
Due $500 on Jan. 1, from 1950 to
Evanston, III.
Bond
will
until
on
aT?r+C^ aP°lis' approving
basis of 1.95%. Dated
£?i
-ue
ni ii/?s
2°fs: ^,'92? in in?!' ^nc? *
000 from 1951 to 1963 inclusive,
The next
bids
June 7 for the purchase
of $5,000 not to exceed 5% interest
more
County Community Consoli¬
dated
sealed
(CST)
in multiples of
ment warrants.
Cook
Offering
ceived
terest
80,000 forest preserve improve¬
59
Etna Green, Ind.
<v •
— Mark Heisler,
Bond
Town
1959
rants.
sur¬
render of such coupons.
Interest
on said bonds will cease to accrue
May 13 to
on
The issue consisted of the follow¬
Coupons maturing July 1,
and prior thereto will be
ney.
high
May 17
167, p. 2179—were purchased
by Coffin & Burr of New York, as
1.70s, at a price of 100.367, a basis
of 1.659%.
Dated May 1, 1948.
Due serially on May 1, from 1949
school
—v.
ity of the bonds will be furnished
the purchaser without cost. A cer¬
jHartfotrdl Housing Authority, Conn.
tified check for 2% of the
par
Note Sale—The $3,029,000 tem¬
value of the bonds bid for, pay¬
porary loan, 46th series notes of¬
able to the State Board of Admin¬
fered on May 20-^v. 167, p. 2179—
were
on surrender of
awarded
Co., and John W. Clarke, Inc.,
all of
on or
companied, unless registered as to
both principal and
interest, by all
Jan, 1, 1949, and subsequent cou¬
pons, at the principal office of
9.45
Conn.
ty*'
July 1, 1948,
drix &
Tallahassee, until
Croton (P. O. Poquonnock Bridge),
called
so
said bonds in negotiable form
ing
Windham, Conn.
the Board will receive sealed bids
at its office in
CONNECTICUT
after
the
the
ficer The
Miles
Offering—John
The
bonds maturing from 1953 to 1967
&
principal
bonds
redemption will be made
Bank of
Willimantic Housing Authority,
Fort Collins, Colo.
of
said
Florida
Conn.
City
of
Conn.
COLORADO
vr.
Payment
for
building bonds.
Wethersfield
bidder without ,charge.
Francisco.
terest.
amount
.
Note
June
Bonds
of
&-Co., jointly, for 1.60s at
100.77.
April
on
1971
N; $haw; Direc¬
tor oh Finance, calls for payment
was
Allyri & Co.* Stifel, Nicolas
York, as lVks, at a price on July 1, refunding bonds of
of 100.009, a basis of 1.493. Dated
1944, series GM, Nos. 1701 to 2000
April
1, 1948.
Due $25,000 fonr inclusive,
dated
July
1,
1944,
April 1, from 1949 to 1968 iixcju^. bearing interest at the rate of 3%,
sive. The next highest bidder; was maturing July 1,
1965, and re¬
Roosevelt
&
Cross, and C;. F/ deemable at par and accrued in¬
Stamford Housing Authority, Conn.
County School Districts
(P. O. Redding), Calif.
,
Cali-r-G.
Bond
were
rants
A. C.'
of New
Shasta
/
Miami, Fla.
school-
purchased by Bear, Stearns & Co.,
(2303)
Sale
acquisition
—
The
$84,000 land
and
bonds offered
improvement
May 18—v. 167,
on
bonds offered
p.
p.
City Securities Corp., of Indian¬
apolis, as l%s, at a price of 101.81,
on May 20—v. 167,
2180—were purchased by First
National Bank, of Chicago, and
the Milwaukee Co., of Milwaukee,
jointly, at a price of 100.43, a net
interest
cost of 1.8137%, as fol¬
$550,000 as 1S/4S, maturing
$50,000 on June 1, from 1953 to
1963 inclusive, and $200,000 as 2s,
maturing $50,000 from 1964 to
1967, all inclusive. Dated June 1,
1948. The next highest bidder'was
the Harris Trust & Savings Bank,
Chicago,
and
Illinois
National
lows:
Bank
&
Trust
Co.,
Rockford,
jointly, for $450,000 as l%s, and
$300,000 as 2s, at 100.11.
Park
a
2076—were
basis of
1948.
purchased
1.47%.
by
the
Dated June
1,
Due
serially on Jan. and
July 1, from 1949 to 1963 inclu¬
sive. The next highest bidder was
Fox, Reusch & Co., for 13/4S, at
101.632.
IOWA
Alta Consolidated
Independent
School District,
Bonds Voted
held
on
thorized
April
the
At
—
13
the
issuance
Iowa
an
election
voters
of
construction bonds.
au¬
$150,000
.
Ridge, III.
$20,000 water
Burlington, Iowa
pumping station bonds offered on
Bond Offerin g—Robert
May 18 — v. 167, p. 2180 — were
Schlampp, City Clerk, will receive
purchased by John Nuveen & Co., sealed and oral
bids until 10 a.m.
of Chicago. Dated March 1, 1948.
(CST) on May 24 for the pur¬
Due serially on Nov. 1, from 1949
chase of $375,000
sewer
bonds.
to 1963 inclusive.
Principal and Dated May 1, 1948. Due on Nov.
interest
(M-N) payable at the
1, as follows: $20,000 from 1949 to
First National Bank of Chicago.
1962, and $19,000 from 1963 to
Bond
Sale—The
INDIANA
1967
inclusive.
Bidders
should
specify in their bid the rate of
Anderson, Ind.
interest which the bonds will bear.
Bonds Sold—An issue of
$40,000
Bond Sale
The $65,000 park
The City will furnish the approv¬
water plant purchase bonds was
improvement bonds offered on
ing opinion of Chapman & Cutler,
sold recently to the State.
May i5—v. 167, p. 2075 were pur¬ of
Chicago. The purchaser to fur¬
chased by John Nuveen & Co., of
ILLINOIS
nish the printed bonds, and all
Chicago, as IV2S, at a price of bids must be so conditioned.
A
Buckley, III.
100.215, a basis of 1.468%. Dated certified check for 2% of the
Bonds Sold-fThe $10,000
yyater June 1, 1948.
Due. serially on amount of bonds is
softener
and
required.
purifying
plant
Aug. 1, from 1949 to 1961 inclu*
bonds authorized at the election
sive. The next highest bidder was
Davenport, ioipa "
.,.f*' v
v
Mackay, Idaho
f
>
—•
held
on
Jan. 15 have been sold.
.-..^■Cetok County (P. O.
Chicago), III.
Warrants Awarded—An issue of
$5,440,0000 tax anticipation
war¬
Kenneth S. Johnson & Co., In¬
Bonds Sold—An issue of $500,
dianapolis Bond & Share Corp.,. 000 airport bonds was sold recent¬
Indianapolis and Fletcher Trust ly to local banks and dealers, as
Co., Indianapolis, jointly, for 13/4S, 2s, at par. Due serially from 1949
at
101.346.
.
to* 19o4 inclusive.
:;
~
V"
>-»
,
^-A*~V;-.j;*•-!.'<2*'".
•'
*■••'
.1
•!' •'•.;.'• • ♦}••'» £*?',-'; *..••\(:.
*A'-S
'
60
El wood,
Iowa
Bond Offering—Sealed
-
bids will
be received until June 10 for the
purchase of the $80,000 construc¬
tion bonds authorized at the elec¬
tion held
March 8.
on
Independence
Sch.
hide p.
Iowa
"
^
Dist.,
interest cost of 2.547%, as follows;
$4,000 as 2y2s, maturing $2,000 on
May 1, in 1949 and 1950, and $36,000
2%s, maturing $2,000 on
May 1, from 1951 to 1968 inclu¬
sive.
Dated May 1, 1948.
The
next highest bidder was Breed &
as
Harrison, for $24,000
$16,000
- \ ;:V
^ Bond Offering1—Sealed bids will
received' by the
be
Letcher
Secretary of
for the purchase of $116,000 build¬
bonds.
These
bonds
the
are
authorized at the election held
on
Iowa
Bond
*
Dohrer,
City, Iowa ■
Offering — George? J.
City Clerk, will receive
sealed
bids until 7.30 p.m (CST)
June 1, for the purchase of
on
$276,000 bridge bonds. A certified
<
(P.
County
O.
Bond
Sale
The
—
47777 ' ■ 7 7 >:7>7:47: >
May 12
on
bonds, payable-to the City Treas¬
urer, is required.
veterans
Certificate
Offering
?
provement bonds.
interest.
1948.
V
Orange City School District, Iowa
Bonds Voted
At
—
election
an
beld reecntly the voters approved
issuance
of
$75,000
building
Bond Offering—William
sioners,
will
until 10
4%
Independent
''
-
1, from 1949 to
payable
approving opinion of
B. A. Campbell, of New Orleans,
inclusive.
be
is
Voted—At
A
the
purchaser
certified
check
required.
Jefferson
Parish
District
arot approve the issuance of $10,000 athletic field memorial bonds.
No.
Water
2
(P.
Works
O.
Offering—J. Donner No¬
Rutland, Iowa
lan, Secretary of Board of Com¬
Bond Sale-—The $23,000 water
missioners, will receive sealed
works bonds offered on May 11—
bids until 10 a.m.
167, p. 2076—were purchased
by Wheelock & Cummins of Des
(CST)
Moines,
as
3s,
at
a
price
of
i00.957, a basis of 2.904%. pated
May 1,1948. Due serially on Nov.
i, from 1950 to 1967 inclusive.
~Thw
School
District, Iowa
a special elec¬
tion held recently the voters ap¬
s
Bonds Voted—At
proved
the
issuance
of
$35,000
-construction and equipment bonds.
kansas
Pratt
-
Bond
School
Sale
District,
for
15
the
1968
J-J.
on
be
without cost.
These
bonds offered
167,
1967—we
p.
were
sold
price of 100.007, as follows:
$88,000 as l%s, maturing $17,000
a
in
1949
and 1950;
$18,000 from
1953; $54,000 as 1V2s, ma¬
turing $18,000 from 1954 to 1956,
1951
to
and
$36,000
$18,000 in
as
1957
13/4S,
and
maturing
1958,
all in¬
clusive.
Wichita School District No.
Bond
Offering—L.
E.
1, Kan.
Wilbur,
Secretary-Treasurer of Board of
Education, will receive sealed bids
until
all
or
8 p.m.
any
are
the bonds
on
(CST) on June 7 for
part of $2,500,000 not to
bonds, j Dated July 1, 1948.
Due $125,000 on Feb. 1, from 1950 to 1969
inclusive.
Bids will be received
Sale—The $300,000 water
1963
Sale—The $200,000 water
Bond
bonds offered
April 29—v. 167,
purchased by the
First National Bank, of Boston,
as 2s, at a price of 101.342, a basis
1855
p.
—
serially
system,
to
1974,
series
Sons, joint¬
ly, for $190,000 as 2y2s, and $110,000 as 2%s, at 100.175.
Cumberland, Md.
Bond
—were
Sale
—
purchased by Shields &
Eastman, Dillon & Co.,
l3/4s,
both of New York, jointly, as
at
price of 101.895, a basis of
1.52%, divided as follows:
a
$485,500 senior high' school addiv
tion bonds.
Dub serially on
The
$750,000 im¬
provement bonds offered
check for
total amount of
2%
of the
50,000 water mains bonds.
Due
serially on June 1, from 1949
to 1963, inclusive.
30,000 street construction bonds.
Due serially on June 1, from
Interest payable
on
May
bid, is required.
The issue consists of the
Gloucester, Mass.
Bond
Sale—The $100,000 sewer
loan 1948 bonds offered
on May 20
purchased by Halsey, Stuart
& Co., as lV2s, at a price of 100.829, a basis of 1.341%. Dated May
1, 1948. Due $10,000 on May 1,
were
from 1949 to 1958 inclusive. Prin¬
cipal and interest (M-I<f) payable
the
at
Second
was
for
$500,000 water of 1941 bonds.
250,000 water of 1945 bonds.
Dated
on
May 15, 1948. Due serial¬
May 15, from 1949 to 1973
der
was
The next
Peabody &
for 2s, at 100.412.
M^^^-^t^^itshurg, Kyi
highest bid¬
Alex. Brown &
Kidder,
kentucky
Sons, and
Co., jointly,
7?;:
Bond Sale ^ The $40,000 sewer
Salisbury, Md.
* \
bonds offered on May 17—v. 167,
Bonds Voted — At ah Election
p. 2180—were purchased by Rus¬ held on May 4 the voters approved
sell, Long & Burkholder, of Lex¬ the issuance of $200,000 water and
ington, at
a
price of 102.09,
a
nbt
sewer
National
Bank
ol
The next highest bidder
Boston.
the Gloucester National Bank
iy2s, at 100.789.
Maiden,
Mass.
Bonds Sold—An issue of
$20,000
veterans' housing bonds was sold
recently to the National Shawmut
Bank, of Boston, as iy2s. Due $4,000 on April 1, from 1949 to 1953
inclusive. Interest payable A-O.
Med ford, Mass.
Bond
Sale—The
bonds.
from
cipal and interest (M-N) payable
Revere,
ans'
were
Stuart & Co., and Harriman,
Ripley & Co., Inc., jointly, as 2s,
at a price of 100.109, a basis of
1.988%. Dated May 1, 1948.
Due
$15,000 on May 1, from 1949 to
1968 inclusive.
The next highest
sey,
bidder
Bank,
the
was
of
First
Boston,
National
for
2V4S,
District
bonds
offered
on
May 3.7 — v. 167, p. 2181 — were
purchased by Halsey, Stuart & Co.
Inc. as 1 y2s, at a price of 100.199,
basis
of
1.46%.
Dated June
1949 td 1958 inclusive.
1,
The next
highest bidder was the Bankers
Trust Co., New York, for iy2s, at
100.159.
4v-:;
Newbury port, Mass.
Bond Offering — Charles
on
The
$300,000 tax
May 13
were
sold
to the Second National
Bank, Boston.
150,000 to the Security Trust Co.,
Lynn.
$150,000
Sale
—
$10,000 water mains notes.
Due
$2,000 on May 1, from 1949 to
Huntington Woods, Mich.
May
1,
1948,
Principal
and interest (M-N) payable at the
Day Trust Co.*. Boston. The next
highest
bidder •., was ;i Whiting,
Weeks & Stubbs, for iy2s, at 100.r
1963.
to
These
thorized
au¬
held
on
School
District
Bay County (P. O. 3149,
Kawkawlin
Road, Bay City),
Mich.
bonds
Sale—The
offered
$60,000 school
May 18 were
purchased by Halsey, Stuart,.&
Co., as 2s, at a price of 100.04, a
basis
of
1948.
Due
from
1949
on
1.985%.
Dated
$12,000
to
on
1953
April 15,
March 15,
incl.
Principal
and interest (M-S) payable at the
Bank of Bay City. The
National
highest bidder was the First
Michigan Corp., for $24,000 as
2V2s,
and
$36,000
as
2V4S,
at
of
Otisville, Mich.
Bonds Voted—At
tion
held
National
Bank,
sealed
purchase of >$56,000 not to
exceed
2y2%
interest
airplane
hangar project No. 1 revehiie, se¬
coupon J
bonds.
Dated
$80,000
County (P. O.
<
-
notes
May 13 were purchased
Peoples Savings Bank,
on
the
Grand Haven, Grand Haven State
Bank, both of Grand Haven, and
the Spring Lake State Bank of
Spring Lake, as l%s, at a price
of 100.15, a basis of 1.565%. Dated
May 1, 1948.
Due $25,000 on May
1, from 1949 to 1952 inclusive. The
next
highest bidder was Walter J„
Wade, Inc., for $25,000 as 1V4S,
$25,000 as iy2s, $25,000 as l%s,
and $25,000 as 2s, at 100.025.
In
addition
tire
said
to
issue
total
will
2%%
to Nov.
St.
1948
bonds
p.
the
en¬
interest
to
1, 1948.
Joseph, Mich.
system
167,
v.
coupons
bear
Sale—The
supply
receive
will
of
Grand Haven), Mich.
Sale—The $100,000
Bond
bids until 5 p.m. (EST) on May 24
issuance
Ottawa
"
Louis, jointly, for iy2s at 100.973.
Flint, Mich.
Bond Offering—Albert C. Hull,
the
approved
St.
michigan
a special elec¬
April 29 the voters
on
water system revenue bonds.
by
$1,000,000 vet¬
erans' housing loan bonds offered
on May 17—v. 167, p. 2181—were
purchased by the Northern Trust
Co., of Chicago, and C. J. Devine
& Co., of New York, jointly, as
iy2s, at a price of 101.149, a basis
of
1.283%. Dated April 1, 1948.
Due serially on April 1, from 1949
to 1958 inclusive. Interest payable
A-O.
The
next
highest bidder
was Phelps, Fenn & Co., First Na¬
tional Bank, Boston, Philadelphia
National Bank, Philadelphia, and
1948
bonds
election
Fractional
No. 6,
offered
Worcester, Mass.
Sale—The
Clerk,
E. H. Water-
the
are
the
at
Monitor
Note
City
—
April 8.
555.
*
,
a
$150,000 water
revenue
offered
on
2181—were
series of
May 17—
purchased
by H. V. Sattley & Co., Crouse &
Co.,
both
of
Detroit,? and the
,
Channer
cago,
a
net
Securities
jointly, at
interest
follows:
a
cost
$50,000
Co.,
of
Chi¬
price.or, 100.01,
as
of
1.9^%,
2s,
as
ipaturing
Oct.
1, $10;000, from 1949., to
April
15,
1948.
Denomination
$1,000.
Due on April 15,. as fol¬ 1953, ahd $10,000 as 1V2S,1 manuring
Oct 1, 1954, and $90,0d0 i a^12s,
lows: $5,000 from 1950 to 1959, and
$6,000 in 1960. Bonds will be sub¬ maturing $10,000 on Oct'/ 1,! from
on
ject to redemption on 30' dayspublished notice, at the option of
the City on any interest payment
date after Oct. 15, 1948, in inverse
order
at
par
and
1955 to 1963 inclusive/
Dated M4y .
1, 1948. The next highest5 bidder
was the First. of Michigah
Corp.1,
for
$150,000
ac¬
2s, at 100.05.
as
minnesota
crued interest.
Principal and in¬
(A-O)
payable
at
the
Michigan National Bank, Flint.
ceive sealed bids until 12:15 p.m.
Bids shall be .conditioned upon the
(DST) on May 26 for purchase of
$30,000 highway' 'equipment/cou¬ unqualified opinion of Walter G.
E.
Offering
house, City Manager, will receive
sealed bids until May 27 for the
purchase of $136,000 not to exceed
3% interest improvement bonds.
Dated June 1, 1948. Due serially
100.022.
inclusive.
Bond
the
next
1953 inclusive.
Dated
furnish
A certified check
Treasurer, is required.
Bond
Walpole, Mass.
The $75,000 notes
offered on May 13 were purchased
by the Day Trust Co., of Boston,
as
iy2s, at 100.75, a basis of
1.353%, as follows:
ries
also
the Merchants National Bank
Note
.conditioned
be
for $13,000 payable to the District
Dated May 17, 1948.
Due May
17, 1949. The next highest bidder
numerical
Houghton, City Treasurer, will re¬
will
printed bonds.
ai
Swampscott, Mass.
—
shall
Bids
Bond
Sale
Rate of in¬
multiples of
of
in
the unqualified approving
opinion of Miller, Canfield, Pad¬
dock & Stone, of Detroit, approv¬
ing the legality of the bonds
which opinion will be furnished
the purchaser without cost.
The
100.627.
Note
and
Savings Bank, Flint.
terest to be
upon
$300,000 veter¬
bonds offered
on
purchased by Hal¬
housing
19
Commercial
Citizens
the
at
1953 inclusive. Prin¬
1949 to
1%.
Mass.
Bond Sale—The
for the
$379,000 street
noon
May 1, 1948. Due serially on May
1, from 1949 to 1968 inclusive. The
next highest bidder was Halsey,
Stuart & Co., for 13/4S, at 101.959.
Boatmen's
1948, Due serially on June 1, from
following:
inclusive.
J-D. The next
highest bidder was Bear, Stearns
&
Co.,
and
Lyons
& Shafto,
jointly, for l3As, at 101.-395.
167, p. 2076—were pur¬
chased by a syndicate composed of
ly
price
until
bids
sealed
(EST) on June 10 for the purchase
of $650,000 not to exceed 3% in¬
terest school coupon bonds. Dated
May 15, 1948.
Denomination $1,000.
Due
$130,000 on May 15,
of 102.05, a basis of 1.528%. Dated
25,000 sewer notes. Due $3,000 or
May 1, from 1949 to 1953, anc
$2,000 from 1954 to 1958 incl
a
A certified
a
inclusive.
State Treasurer's office.
approving
opinion
of
Depew,
Stanley, Weigand, Hook & Curfxnan
of Wichita,
and of Wood,
King & Dawson of New York City.
Trust
&
40,000 sewer notes.
Due $4,000
on May 1, from 1949 to
1958
1949 to 1968 incl.
170,000 sewer bonds. Due serially
on June 1, from 1949 to 1968
17—v.
1.938%.
13/4S, at
as
June 1, from
construction
The pur¬
Bank
was
Co., and
at''any interst rate from 1 % to the Mercantile Trust Co., Baker,
2}&%. Rate of interest to be in Watts & Co., and Stein Bros. &
multiples of M of 1%. Principal Boyce, all; of Baltimore, as 2s, at
and .interest, (F<-A) payable at the a
price of 100.805, a, basis of
chaser will be furnished with the
1948. Due
1, from 1949 to
RR
and
and Robert Garrett &
May
Framingham, Mass.
Bond Sale—The $735,500 bonds
offered on May 19—v. 167, p. 2180
Legg & Co., Mead, Miller & Co.,
ing
on
were
on
on
$15,000
from 1975 to 1978, all inclusive.
Dated May 15,
1948.
The next
highest
bidder
was
Mackubin,
exceed 2Vz% interest school build¬
Denomination $1,000.
O.
May 19—v. 167,
p. 2076—were purchased by Alex
Brown & Sons, of Baltimore, at a
price of 100.011, a net interest cost
of 2.481%, as follows: $90,000 as
21/2s, maturing $10,000 from 1951
to 1959; $30,000 as 2%s, maturing
$10,000 from -I960 to 1962, and
$180,000 as 2V2S, maturing $10,000
from
Newton-Waltham
Co., of Newton,
at 0.73% as follows:
1949 to 1958 inclusive.
Arundel County (P.
Glen Burnie), Md.
sewerage
May 19—v. 167,
purchased by the
on
were
notes offered
Chicopee, Mass.
maryland
and
bonds
bid, payable to the City Treasurer,
is required.
connec¬
cost of 1.654%, as reported in our
the
1.%; no
accrued
purchaser
July 15, 1947.
A certified check
for $2,000 payable to the District,
is required.
Bond
that
the
authorized at the election held
Bank & Trust Co. of Kansas City,
.and Associates, at a net interest
May 3 issue—v.
Interest payable
furnished
—
...
..
1, 1948. Denomina¬
Principal and interest
(J-D) payable at the City Treas¬
urer's office. Bidder t© name rate
of interest in multiples of V\ of
The approving opinion of
B. A. Campbell, of New Orleans,
will
1, from 1949 to 1953 in¬
Dated June
,
Anne
learn
June
July 1, from ,1949 to
inclusive.
tion with the sale of the
$178,000
.school bonds to the City National
tor
on
of
1, 1948. Denomination $1,000. Due
Kan.
Details—In
purchase
$100,000
not to exceed 4% interest public
improvement bonds.
Dated July
serially
2181
sewer
Boston, at 0.735%.
•
v.
on
1963 inclusive.
Marrero), La.
Bond
$76,000
of 1.80%. Dated May 1,
elec¬
an
May 3 the voters did
on
cost.
Due
tion $1,000.
Interest
furnished
bonds offered
p.
May
The
Dist., for $2,000 payable to the District,
Iowa
Bonds Not
tion held
Sch.
Due
July
on
1963
without
jRockford
public
certified check for 2% of the total
ceive
$200,000
tified check for 1% of the amount
bids
Denomination $1,000.
serially
bonds.
Newton, Mass.
7,
Bond Sale—The
equipment
departmental
im¬
sealed
interest
J-J.
$100,000 on
1949 to 1958 in¬
Dated July 1,
receive
(CST) on June 7 for
the purchase of $100,000 not to ex¬
ceed
Due
bids for less than par and
interest, and a different
rate of interest may be bid for all
but no part of said bonds.
A cer¬
a.m.
will
bonds.
Gomez,
Commis¬
construc-
ways
clusive.
of
interest payable at the Mer¬
chants National Bank of Boston.
and
II
clusive.
380,000
June
Playground District No. 3
(P. O. Marrero), La.
Board
public
tion bonds.
loan
Jefferson Parish Community Center
of
War
bonds.
June 1, from
Louisiana
Secretary
World
June
on
1,000,000
.<
Mason, City Recorder, will receive
sealed bids until 1 p.m. (CST) on
May 28 for the purchase of $45,000
airport certificates. Denom. $1,000
.and $500. Due $10,000 from 1949
to 1952, and $5,000 in 1953. No
bid for less than par and accrued
of 1 %. Principal the cost of printing the bonds. A.
7;
Due $284,1, from 1949 to
1953 inclusive.
000
Due serially on May
1, from 1949 to 1967 inclusive.
Principal
and
interest
(M-N)
payable at the Louisville Trust
and
of
ment loan
May 1, 1948.
Florence
—
: •-
1, from 1949 to 1963 inclusive.
1,420,000
departmental
equip¬
purchased
W. C. Thornburg Co. of
Cincinnati, and the Bankers Bond
Co. of Louisville, jointly. Dated
Muscatine, Iowa
4 '
bonds. Due $200,000 on June
check for 2% of the amount of the
the
multiples of
•
par value of the bonds, payable
Offering—Henry F. Bren- Approved as to legality by Storey, to the City Treasurer, is required.
nan, City Treasurer, will receive
■Thorndike, Palmer & Dodge, of
Flint Township Fractional School
sealed bids until noon (EST) on
Boston, whose opinion will be
District No. 7 (P. O.
May 26 for the purchase of $5,- furnished the
purchaser.
No bid
Flint), Mich.
800,000 coupon bonds divided as for les3 than
par and accrued in¬
follows:
Bond Offering-^Alfred N. M&nterest will be accepted.
deville, District Secretary, will re¬
$3,000,000 permanent housing for
the
Co., Louisville.
7-7
Bond
$390,000 4%
were
r
Boston,, Mass.
77
school building revenue bonds of¬
fered
Monday, May 24, 1943
massachusetts
7 ;■:
Whitesville), Ky.
by
May 10. Dated July 1, 1948.
2%s, and
as
3s, at 102.00.
as
Board of Education until June 14
ing
CHRONICLE
THE COMMERCIAL &'FINANCIAL
(2304)
Detroit Lakes, Minn.
terest
Bond
City
Offering—E.
Clerk,
J.:, Bestick,
will; receive sealed
bids until 9 p.m.
(CST)
on
June
pon
bonds. Dated1 June "1/ 1948.
Denom. $1,000. Due $6,000 on June
Kr&pohJ, CiTj* Attbrhb^P"{S$pr6v- "f- tor the' purchase of $20,000 not
1, from 1949 to 1953 incl. Bidders
cost of such
to
name
the
rate
of
interest
in
to
exceed
3%
interest park
ing the legality of the bonds. The
opinion shall be paid
bonds.
Denomination $1,000.
The City shall pay
$1,000
on
by the City,
Jan.
1,
from
light
Due
1950
to
.
tyMUUs
,
1969 inclusive.
bonds.
tern
All bonds matur¬
These
are
April 28.
Principal
■
Fveleth, Minn.
Bonds Not
tion held
.
did
not
furnish
will
opinion of Wood, King &
of New York City, ap¬
proving the legality of the bonds.
June
Bidders to
improvement
4% interest State highway treas¬
of
anticipation coupon deben¬
Dated July 15, 1940. pue
July 15, 1958. The debentures will
be subject to redemption at the
option of the State Treasurer, at
par and accrued interest in whole
or in part, on July 15, 1953, or on
any interest payment date there¬
after. Registerable as to principal
only. Principal and interest (J-J)
payable at" the State Treasurer's
office, or at the office of the fiscal
agent of the State in New York
City, at the option of the holder.
Rate of interest to be in multiples
bonds.
ury
in
interest
rates
or
multiples of Vs
of
Bonds Not Voted—At
elec¬
an
held recently the voters
tion
did
not approve the issuance of $10,000 municipal liquor store bonds.
'•
Harmony Township (P. O.
V
*
Harmony), Minn.
Bonds
tion held
,
Voted—At
Not
elec¬
an
May 4 the voters did
not approve the issuance of $40,000 road improvement bonds.
on
Hennepin County Indep. Sch. Diet.
No. 135 (P. O. Hopkins),
Bonds
T
tion
Not
held
Voted—At
elec¬
an
Tune
on
1040 tn
Dated June 15, 1948.
NEW JERSEY
N.
T;VT.V-,.-:V
J.
Co. of Newark, as 2s, at a price of
Postponed—The sale
Co., New York
at the State Treasurer's
Only unconditional bids
will be considered. The bonds will
not be
bonda
Denomina¬
Morcivia, Niles and Sempronius,
Three Town Fire District P. O.
Moravia), N. Yf
Offering—Claud V.
Bank & Tiust
City or
bffice.
field
scheduled for May 18-v. 167,.
2077—has been postponed.
Principal and interest
(J-D) payable at the Central Han¬
over
$48,000 water
system of 1948 bonds offered on
May 18—v. 167, p. 2077—were
purchased by J. H. Hanauer &
for
'■* -j,'
parking
i
tion $1,000.
Sale—The
Bond
lOfli
Chittenango,
Hempstead), N. Y.
1981
'
next
Parking.
■District, Hempstead (P, O*
Bond Sale
from
15
fnrli.w
inciuswe.
The
submitted by the
of
Franklin Square Public
Consolidated School District No. 6 bonds. Due $5,000
not approve the issuance of
$5,000 park improvement bonds.
Oct. 1,
Oct. 1, from
inclusive.
was
Bank
on
1.85s, at par.,
1961 inclusive.
did
Clifton,
highest bid
State
Dated
serially
1957
to
65,000
April 20 the voters
on
follows: $7,000
1957, and $5,000
June 15, as follows: $6,000 in
1949, and $5,000 from 1950 to
;•
Palinview, Neb.
0
as
Due
1948
a
1.768%.
of
1947.
66,000 Consolidated School District No* 1 bonds.. Due on
tures.
Fulda, Minn.
basis
in 1958.
1%.
$125,000 * cemetery
the rate
name
15,
from 1949 to
Dawson,
(MST) on June 22 for the pur¬
chase of $3,000,000 not to exceed
the
asbl.80s, at
.
the
10 the voters
issuance of
May
on
approve
sealed
ceive
elec-
Treasurer, will re¬
bids until
2 p.m.
State
Porter,
t
Voted—At an
District
The
holder.
Co., of Buffalo,
price of 100.123, a
)s
interest
and
>
Debenture Offering—George P.
..
and Traders Trust
building coupon bonds divided as
'
(F-A) follows;
payable in New York, Chicago or $68,000 Consolidated School DisOmaha,
at
the
option
of
the
trict No. 3 bonds.
Due on
by the District..
,<
Montana (State ofJ
thereafter,
(2305) ; 61
CHRONICLE
lot $199,000 not to exceed 0 % interest purchased by the Manufacturers
redeemed shall be selected by
bonds
the
authorized at the election held on
I, -1965, are
subject to redemption on Jan. \\
1965
and
interest
paying dates
ing after after Jan.
FINANCIAL
&
COMMERCIAL
THE
Number 47Q1
Volume 167 '•
sold for less than
Bond
Secretary of Board
sons,
of Fire
Commissioners, will receive sealed
andijidf un,t]1 2 P-m- (EST)
par
\
Par¬
May
on
^ *01
purchase of $14,000 not
ery.
The approving legal opinion >!-0 exceed 5% interest fire fightsame
for all of the debentures.
June
1,
1948.
Due serially on of
Bond Offering—Dorothy Lund-?; The1 debentures will be ' issued
'Pershing, Bosworth, Dick & lnS.apparatus purchase coupon or
June 1, from 1949 to 1963 inclu¬
Dawson of Denver, will be fur- registered bonds, v Dated June 1,
holm, Clerk of School Board, will subject to the approving legal
sive.
The next highest bidder
receive sealed bids until 8 p.m.
nished the purchaser.
A certified i 1948.
Denomination $1,000. Due
opinion of Mitchell &~Pershing, of was the Paterson
Savings Insti¬ check for
5% of the amount bid of on June 1, as follows: $2,000 from
(CST) on June 2 for the purchase New York City, and the purchaser
Minn.
■
of
1
"
*
'
•
•
-
$160,000 building bonds. Dated
1948. Denomination $1,000.
Sept. 1, as follows: $4,000
June 1,
Due on
from
1949
to
$6,000 from
1955 to 1957; $10,000 from 1958 to
1968, and $8,000 in 1969.
Bonds
having a stated maturity date
later than Sept. 1, 1958, shall1 be
subject to redemption at par and
1954;
accrued interest
on
thereafter.
in
payment
date
Hate of interest to be
multiples of V\
1/10 of 1 %.
Principal and interest payable at
any suitable bank or trust com¬
or
the successful bidder may
designate.
All bids must be un¬
pany
conditional
except
Vi
of
as
to legality,
which
may be made conditional
the legal opinion of Dorsey,
Colman, Barker, Scott & Barber
of
Minneapolis, whose opinion
must be accepted by the pur¬
and
1%,
must
be
the
100.32,
will
be required to
May 18 *— v. 167, p. 2077 — were
purchased by E. H. Rollins &
Sons, of New York, as 1.70s, at a
price of 100.18, a basis of 1.68%.
Dated June 1, 1948.
Due serially
High School
(P. O.j
County
District
system of 1948 bonds offered on
No.
14
Hot Springe), Mont,
—
Barbara.Hor-
District Clerk, will receive
bids until July 1, for the
purchase of $50,000 not to exceed
5% interest building bonds. Dated
July 15, 1948.
Due serially in 20
years, optional in 10 years.
These
man,
sealed
are
the
bonds
election held
authorized
on
at
National Bank & Trust Co., Pater¬
son. The next highest bidder was
certified
check
for
Township School District
Sale
—
bonds offered
on
Bond
Dakota
$1,549,000
by
man
B. J. Van Ingen & Co., Kean, Tay¬
lor & Co., White, Weld & Co., all
District
of
of
New
Co.
for
Auburn, N. Y.
Sale—The $693,000 bonds
Bond
offered
May 19—v. 167, p. 2076
purchased by the Harris
& Savings Bank of Chicago,
on
New York
school,
Due
announces
Laurel, Miss.
rl
Bonds Publicly Offered—White,
that the Board will re¬
series A
on
May
bids
sealed
ceive
until >'11
a.m.
New Or¬
leans, are offering for public sub¬
scription $700,000 school bonds,
divided
bonds. Dated Feb.
unconditional bids will be consid¬
(CST) on June 2 for the purchase
of $5,000,000 not to exceed 4%
interest
electric
revenue
1948
Hattier
&
as
Sanford,
of
1949 to 1968 inclusive.
follows:
$224,000; 2%% construction bonds.
*
Due* $28,000
on
July 1, from
1949 to-1956 inclusive.
"112,000 2construction bonds.
,
Due $28,000
on
July 1, from
"TV;" 1957 to 1960 inclusive.
'364,000, 2%% construction bonds.
Due $28,000 on July 1, from
■n;; ; 1901 to 1973 inclusive.
'''■
V ' Dated July 1, 1948. Denomina¬
tion $1,000. Principal and interest
(J-J) payable at the First Nation¬
al, Bapk;,, Memphis.:
Approved as
tp legality by Charles & Trauernicht, of St. Louis. aTV-'; V-V
'
MONTANA
Belgrade, Mont.
Bond
Offering
—
Marie Clark,
Town
Clerk, • will receive sealed
bids until 8 p.m. (MST) on June
14 for the purchase of $35,000 not
to exceed
V
X
6%
-
interest water;
'
^
:
SV;..
M mn
uvii
:
..v
r
'
$1,000. Due on Feb. 1, as follows:
$195,000 in 1950; $200,000 in 1951;
$205,000 in 1952; $210,000 in 1953;
$215,000 in 1954; $220,000 in 1955;
$230,000 in 1956 and 1957; $240,000
in 1958 and 1959; $250,000 in 1960;
$260,000 in 1961 and 1962; $270,000
in 1963; $275,000 in 1964; $285,000
in 1965; $290,000 in 1966; $300,000
in
1967, and $625,000 in
1968.
Said bonds maturing in 1950 to
1953 shall not be redeemable in
advance
Of
Payment
bonds
of maturity.
to
delivery
and
be
specify the
made
at
the
Albu¬
event
that
less
than
an
entire
County ,' Treasurer,
sealed bids until 7.30
maturity of the ponds is redeemed
bonds$f, ^v^-^turity/'tq',be 'on;JrJune
f ori'i
?.
>
iud or!.;
.'o
vti?
.
Tljaodl hiiii,2jA Tlsffe:ftiqo: tVvj&.'!?; w:
vu. re! vja
r./hj ni ■ tflT
)•. :D
>;=;
,>-•
•
k;
jl,
no
rubbf.a
01
9
for
;
•:
if
the
-
will
receive
p.m. (MST)
purchase of
Kvv^
•
-/
!•>,i:.
IWl-fU:
!s.fc
•-
•
.
•
J
until
s
t
(loans (issue XXXIII) notes. Dated
r e e
Due
City.
Niskayuna, N. Y,
Bonds Not Voted—At
election
,
did
voters
'ance
held
of
not
approve
$85,000
a
April
on
special
27
the
the issu-»
highway garage
bonds.
Orangetown, Pearl River Fire Dislm
(P. O. Pearl River), N. Y.
£
Rejected — All bids re¬
the purchased of the
$32,500 fire apparatus bonds of¬
fered on May 19—v. " 167, p;* 2182.
—were rejected,
Bids
ceived
for
Yonkers, N, Y.
^
^
Note Sale—An issue of $451,608
notes
awarded
was
on
May 20 to
the First National Bank of Yonk¬
ers
at
0.25%
consisted
of
interest.
the
The notes
following:
$281,000 budget notes. Due June lr
-
1949. *
85,304 capital notes. June 1, 1949.
85,304 capital notes. Due June 1,
1950.
The
notes
are
dated
June
1,
1948.
Nicholson, District Treasurer, will
receive
(EST)
the City
of
Said bonds
querque National Trust & Savings
maturing in 1954 to 1968 shall be
Bank, Albuquerque.
A certified
redeemable, at the option of the check
for 5% of the amount of
District, in whole at any time on
bonds
bid for, payable at the
or subsequent to Feb. 1, 1951, and
County Treasury, is required.
in part at any .time subsequent to
Bernalillo County School Districts
Feb. 1, 1949. Any such redemption
in part shall be made in the in¬
(P. O. Albuquerpue), N. Mex.
Bond Offering—Edna Monahan,
verse order; of maturities. Ip' the
sysf'
1, 1948. Denom.
shall
bids
that
be received
t
improvement June 17, 1948. Due Dec. 17, 1948*
bonds.
serially on May The valdity of the notes will be
1, from 1949 to 1958 inclusive, approved by Caldwell, Marshall,
47,000 school/ series B bonds. Due Trimble & .Mitchell, of IJew York
219,000
sealed
bids
until
2
be
on
or at such other place as may
agreed
with , the purchaser
June
10.
The approving
about
opinion of Vandewater, Sykes &
Heckler, of New York City, will
be furnished the purchaser with¬
out
cost.
A
$230 payable
required.
certified
to
the
check
for
District, is
Chittenango, N. Y.
Bond Sale—The
improvement
May 18
NORTH CAROLINA
p.m.
May 24 for the pur¬
lowest rate of interest and pre¬ chase of $11,500 not to exceed 5%
interest coupon or registered fire
mium, if any, above par at which
Dated
such
bidder
will purchase
May 1,
the of 1948 bonds.
Denomination
$500.
Due
bonds; or the lowest rate of in¬ 1948.
terest at which the bidder will on May 1, as follows: $2,000 in
1949 and 1950, and $2,500 from
purchase the bonds at par. None
1*951 to 1953 inclusive.
of said bonds will be sold at less
Principal
than par and accrued interest to and interest (M-N) payable at the
date of delivery.
Rate of
The approving State Bank of Albany.
opinion of Pershing,
Bosworth, interest to be in multiples of
Dick & Dawson, of Denver, and or 1/10 of 1% and must be the
the printed bonds will be fur¬ same for all of the bonds.
The
nished the purchaser without cost. bonds will be delivered in New
All
ered.
Far-
announces
bonds. 1 p.m. (DST) on May 26 for the
1, from | purchase of $15,450,000 temporary
of Newark, taking
Co., New York City. Only
York
New
as
& Trust
sue*
City Housing Authority,
a
serially
$427,000
%
Prin¬
bonds.
Note Offering—Thomas F.
price of 1.539, a basis rell, Chairman,
1.529%, divided as follows: ' ~ sealed bids will
1.60s, at
of
of
the
$280 payable to the District,
were
—
j
the
be
must
is required.
MacBride,
York,
of
Rate
multiples of
and
cessful bidders. A certified check
serially on May 1, from 1949
Miller
to 1963 inclusive.
$1,545,2.40s, at 100.309, a basis of
Interest
payable
M-N.
The
Bond Sale
The $20,000 road
2.305%, Dated June 1, 1948. Due next highest bidder was the Chase
616; 617; 618; 620; 622; 624; 625;
and bridge bonds offered on May
serially on June 1, from 1950 to National Bank, New York, and
626; 629; 630; 631; 632; 633; 636;
1973 inclusive.
The next highest the Bankers Trust Co., New York,
18 — v. 167, p. 2181 — were pur¬
637; 640; 641; 642; 644; 647; 649;
bidder
was
Ira Haupt
chased by the First National Bank
& Co., jointly, for 1.60s, at 100.519.
650; 652; 653; 655; 658; 659; 660;
of Fergus Falls, at 2^>s.
Dated 663; 666; 667; 669; 670; 672; 675; Commerce Union Bank, Nashville,
Berlin, Petersburg and StephenMay 1, 1948,
Due serially on 677; 679; 680; 683; 684; 689; 690; Roosevelt & Cross, J. B. Hanauer
town
Central School District
& Co.,
Buckley Brothers, G. C.
May 1, from 1950 to 1968, all in¬ 691; 692; 695; 696; 697; 699.
Due
No. 1 (P. O. Berlin), N. Y.
Haas & Co., and Juran & Moody,
clusive.
Interest payable M-N.
June
1,
1956.
Holders of said
Bond Sale—The $155,000 build¬
bonds bearing the aforesaid serial jointly, for $1,545,000 as 2.45s, at
Virginia, Minn.
ing of 1948 bonds offered on May
100.313.
numbers should present and sur¬
Bond Sale—The $600,000 water
14—v.
167,
p.
2077—were pur¬
render them for payment on or
chased by E. H. Rollins & Sons,
NEW MEXICO
light and heating plant bonds of¬
after.June 1, 1948, at the princi¬
of New York, as 2.40s, at a price
fered on May 18—v. 167, p. 1968
Albuquerque Municipal School
pal office of the Guaranty Trust
—were purchased by the Northern'
of
100.4368, a basis of 2.364%.
District, N. Mex.
Minnesota National Bank of Du- Co., New York City, with the Dec.
Dated May 1, 1948.
Due serially
Bond Offering—Edna Monahan,
1, 1948, and subsequent coupons
on Nov.
luth, as 2s, at a price of 101.02,
1, from 1948 to 1977 in¬
attached.
Coupons due June 1, County
Treasurer, will- receive
a
basis of 1.87%.
Dated May 1,
clusive.
The next highest bidder
1948,
should
be
presented for sealed bids until 7.30 p.m. (MST) was
1948.
Due serially on Dec. 1, from
George B. Gibbons & Co.,
in the usual manner. on June 8 for the purchase of
1949 to 1963 inclusive. The next payment
Inc., Chas. E. Weigold & Co., and
From and after June 1, 1948, in¬
$450,000 not to exceed 6% interest
highest bidder was the Northern
Bacon, Stevenson & Co., jointly,
terest in respect of the bonds so
building
coupon
bonds.
Dated
Trust Co., Chicago, Paine, Web¬
for 2.60s, at 100.35.
June 15, 1948.
called for redemption will cease.
Denomination $1,ber, Jackson & Curtis, and Juran
Bethlehem and New Scotland,
000. Due $25,000 on June 15, from
&
Omaha Public Power District
Moody,
jointly, .for 2s,
at
Slingerlands Fire District
1950 to 1967 inclusive. Principal
100.177.
(P. O. Omaha), Neb.
and interest (J-D) payable at the
(P. O.' Slingerlands),
Bond Offering—Karl C.^ Brown,
New York
State Treasurer's office, Santa Fe,
MISSISSIPPI
Secretary of Board of Directors, or at the Central Hanover Bank
Bond
Offering — Elwood
J.
&
000
for all
in
issue will be- furnished to the
a
syndicate composed of the Union
Center National Bank of Union,
Call—Elmer Ebel, Chair¬
1%
ap¬
NEW YORK
May 18—v. 167,
purchased
1969—were
p.
County, Neb.
The
be
of
cipal and interest (June 1) pay*
able at the First National Bank,
$50,000 Moraviai. A transcript of all pro¬
ceedings in connection with this
voters
issuance
the
inclusive.
to
election
an
the
all
1958,
1/10
or
same
County Hospital bonds.
(P. O. Union), N. J.
May 1.
8
May
on
proved
as
Union
Mexico
Voted—rAt
Bonds
held
1949 to 1952, and $1,000 from 1953
to
interest
(P. O. Alamogordo),
New
Trust
100.387.
the
payable to the County
Otero County
Boland, Saffin & Co., for 1.90s, at
NEBRASKA
Bond
each issue,
on June
1, from 1949 to 1963 in¬
clusive. Principal and interest (JD) payable at the First Paterson
Bond Offering
of Board of County Commis¬
sioners, calls for payment on June
1, $157,000 refunding bridge reve¬
nue bonds, Nos. 501
to 600, due
Norwegian Grove (P. O. Route I, June 1, 1952, and Nos. 601; 603J
Pelican Rapids) • Minn. ,<5
604;
605; 607; 609; 610; 611; 615;
A
chaser.
The $96,000 water
—
date of deliv- I
Treasurer, is required.
Passaic, N. J.
Bond Sale
accrued interest to
Dated
pay
.
Sanders
1.957 %.
tution, Paterson, for 2s, at 100.13.
their fee
expenses and also the
ex¬
pense of printing the debentures.
A certified check for $60,000 pay¬
able
to the State
Treasurer, is
required.
upon
$3,200 payable to the
Treasurer, is required.
basis of
a
and
said date and
on
interest
any
of
'
—
v.
$15,000 general
bonds offered on
167, p. 2077 — were
County (P. O.
Mantes), N. C.
Dare
Bond
t
Offering—'W. E. Easter-
ling, Secretary of Local Govern¬
Commission, will receive
sealed bids until 11 a.m. (EST) on
ment
May 25 for the purchase of $321,000
not
coupon
to
exceed
6%
interest
bonds divided as follows;
$308,000 road and bridge refund¬
ing
of
1948
bonds.
Due
on June
1, as follows: $6,000
from 1949 to 1952; $7,000 in
1953 and 1954; $10,000 from
1955
to
1957;
$11,000 from
1958 to 1960; $12,000 in 1961
and 1962; $13,000 in 1963 and
1964;
$14,000
in 1965 and;
1966; $15,000 in 1967; $18,000
in 1968 and 1969; $19,000 in
1970 and 1971, and $20,000 in
1972 and 1973, all inclusive:
13,000 school and general refund¬
ing of 1948 bonds. Due on
June
1,
as • follows:
$2,000
from 1949 to 1951; $3,000- in
!
62
(2306)
THE
1952; $2,00,0 in 1953 and 1954,
3%s, maturing $1,000 in 1956;
$1,500 from 1957 to 1962, and
inclusive.
t
Dated June 1, 1948. Denomina¬
tion
$1,000.
Principal
and
in¬
maturing on
1, $2,500 as 3%s, ma¬
turing $500 from 1951 to 1955,
and $500 at 3%s, maturing on
June 1,1956.
June
Registerable as
A separate 'bid
sue (not less than par
interest) is required.requested
rate■*
to
name
to principal
for each is*
and accrued
Bidders are
the interest
rates, in multiples of %
of 1 %.
The approving opinion of
Mitchell & Pershing, of New York
City, will be furnished the pur¬
chaser.
The right to reject
any
or
or
all
bids
Mecklenburg County (P. O.
Charlotte), N. C.
■"
Bond Offering
W. E. Easter-
—
ling, Secretary of Local Govern¬
ment
Commission, will receive
sealed bids-at his office in
Raleigh,
until 11 a.m. (EST) on
May 25 for
the purchase of
$3,000,000 school
building, series A
bohdsl
Dated June 1, 1948. Denomination
$1,000. Due on June 1, as follows:
coupon
$60,000 in 19511 $90,000 from 1952
1960; $135,000 from 1961 to
1968, and $150,000 from 1969 to
1975; all inclusive. Principal and
interest
(J-D) payable in New
to
York
City.
terable
as
Coupon bonds regis¬
to principal only. Bid¬
der*^ are requested to name: thh
f^ate
or
rates
of
interest in
mul¬
tiple# of %/of,i%^The apprttvf
tag optaioh: of Mitchell. & Persh¬
ing; of New York
City, will be
1urnished /:the.;/ purchaser/
right
to
served.
reject
A
'
all
certified
bids,
is
check
The
re¬
for
$60,000 payable to the State-Treas^
urer;.is required.
/
$8,000
3%s, at
as
Oxford, N. C.
Sale—The $56,000
water
bonds offered on May 18—v.
167,
p- 2i82^were purchased by1 thd
and
par.
.
Akron, Ohio
Bond Sale—The $4,500,000 water
works extension, first mortgage
bonds offered on May 18
167, p. 1970—were purchased
by a syndicate composed of the
revenue
—v.
First
Boston
worth
Co.,
Corp., Braun, BosCo., Inc., McDonald &
Cleveland,
Stranahan,
Co., Inc., of Toledo,
&
of
Harris
&
Fahey, Clark & Co., Field, Rich¬
Hayden, Miller & Co.,
Prescott, Hawley, Shepard & Co.,
all of Cleveland, Ryan, Sutherland
& Co., of Toledo, First Cleveland
Corp., of Cleveland, and the Weil,
Roth & Irving Co; of Cincinnati,
at a price of 100.04?, a net interest
cost of 2.19389%, as folldws: $610,000 as 2%sr maturing;
%
$100,000 in 1952; $150,000 in 1953;
$170,000 in 1954; $190,000 in 1955;
$1,240,000 as 2s, maturing $210,000
in 1956; $230,000 in
1957; $250,000
in 1958; $270,000 in
1950;*$280,OO0
in
1960, and $2,650,000 as 2%s,
maturing $290,000 in 1961; $300,000
in
1962; $320,000 in 1963;
$330,000 in 1964; $340,000 in 1965;
$350,000 in 1966; and $360,000 in
1967 and 1968, all inclusive. Dated
May ly 1948.
"
ards & Co.,
10*0.164, a basis of 1.959%.
May 1, 1948. Due serially
May and Nov. 1, from 1949 to
;
@FedFRASER