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BUS. ADM(
LIBRARY
Volume 155
Number 4075
•vt-
j :
;■
...
:•
New York, N. Y., Monday, May 25, 1942
;
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t
"■
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■
'
STATE
AND
CITY
Price 60 Cents
;
Copy
a
DEPARTMENT
BOND PROPOSALS AND NEGOTIATIONS
of the bonds at not
and
In This Issue
£
'VJ
O
'*>/'
'
'.
'
'
must be unconditional.
•
}C"*j?
*
,
''
?■
'
'
City News
New York Stock
tion
be
Curb
Exchange
Mobile, Ala,
Stuttgart, Ark,
that at the
May 14, the
approved by a wide mar¬
gin the issuance of the following
bonds aggregating $1,600,000: $1,states
held
on
060,000 water, and $540,000 sewer
bonds.
PheniJf
County
—
states
warrants were
called for payment on
May 8:
Road Fund
Expense
warrants numbered through 10279
County
1942.
registered April 8,
The
City
until
apparatus
8
bids
p.m.
^Elementary
Dist.
bonds.
and
Interest
5%, payable
J-D. Denom. $1,000. Dated March
15, 1942.
Due $1,000 from Dec.
No.
deal is
of interest for different maturities
and
in
multiple of % of 1%.
a
will
be
,
awarded
20,
5232,
through
No.
Elementary
the
The
the
•
Other
(A)
ranging from $2,000,000 in
1943 to $1,454,416 in 1949.
These
met
York
Stock
expected to be
earnings of lines con-
from
In
1935,
bonds
will
be
made
in
Fernandina, Fla.
Offering — City Manager
R. B. Meserve states that the City
Commission will receive sealed
'
„
Bond
bids until noon on May
30, for the
purchase of $15,000 coupon gen¬
eral
refunding bonds. Denom. $1,Dated July 1, 1941.
Due on
July 1, 1961, with all unmatured
000.
4% interest coupons attached. The
bonds
have
been
validated,
ap¬
proved and confirmed, as required
by law. A certified check for $1,-
000,
payable
quired.
■
to
the
city,
is
re¬
;
Jacksonville, Fla.
Pierce, Colo,
Current
Bond Issuance Contemplated —
The Town Council is said to have
-
ported—The
published an ordinance calling
for thd issuance of $29,000 refund¬
ing bonds.
.
:|
FLORIDA
Bonds
4%
Not
Sold—The
$100,000
hospital
semi-ann.
coupon
bonds offered
on May
12—v.'155,
1794—were not sold as no bids
p.
accepted.
Bonds Reoffered—It is stated by
George
E.
Evans, Clerk of the
Board of County Commissioners,
that he will again receive sealed
bids for the purchase of the above
bonds, this time until 11
June 15.
a.m.
on
Denom.
$1,000.
Dated
May 15, 1942.
Due on May 15;
$5,000 in 1947 and 1948, $6,000 in
1949 to 1960, and $9,000 in 1961
and
1962.
Prim
and
int.
(M-N)
same
No
will
authorized
interested
be
affecting its
reported
by City
In
to
response
Pace
writes:
penditures
those
of
for
1941
sulted
in
a
of
will
exceed
the
first
quarter
guide.
Large
trainees
increased
con-
have
areas
re¬
to
be
serviced, new highways to be pro¬
vided, street and other improve¬
ments to be made for newly de¬
veloped areas.:
"While expenditures for pay¬
rolls are up 12% and other ex¬
penses are up 27% our expendi¬
ture for improvements now con¬
templated
40%
for
this
will
year
be
last year, and this is on
basis from current reve¬
over
cash
The
budget (excluding
for this year is
including
$864,000
our
$5,397,-
for
debt
329,U00,
but
included
$1,231,000
for debt service."
by
North, Miami, Fla,
Bond Offerings Invited
Clerk E. May Avil will
June
sealed
The
ex¬
1942
if
experience is
centration
inquiry, Mr.
an
"Jacksonville's
Chapter 21097, Laws of Florida,
Acts of 1941. Delivery on or about
25.
the
in
*
developments
as
Auditor J. E. Pace:
000,
accepted for less
been
Re¬
service while last year it was $5,-
than all of the bonds offered. The
have
latest
utilities)
public and private debts.
bids will be
South,
nues.
is legal tender for the pay¬
Status
holders of bonds of
the above city, among the
highest
rated municipal obligations of the
a
payable in New York City, in any
coin or currency which on the
respective date of payment of the
ment of
Financial
finances;;
(P. O. Gainesville), Fla.
" 'P'''i
approving
legal
opinion of Thomson,
Wood
&
Hoffman of New York, will be
bonds,
offerings
dated
Jan.
of
1,
—
Town
receive
refunding'
1942.
The
Town Council intends to purchase
City of Copenhagen
coupons
after
maturing June
that
date
1961
1967
be
Twenty-Five Year 4l<>%
■;
of
United
the
States
of
Gold Bonds, Due June 1, 1952
)
Gold Bonds, Due May 1, 1953
Morgan & Co. Incorpo¬
1
manner:
stamped
paid
in
Attention is called to
Danish Consolidated
Municipal Loan
Thirty-Year 5Vz% External Sinkins Fund Gold Bonds, Due November 1, 1955
Twenty-five Year 5% External Gold Bonds, Due February 1, 1953
Mortgage Bank of the Kingdom of Denmark
(Kongeriget Danmarks Hypotekbank)
to
subject
the
indicate
to
French
deduction
a
ownership,
French
or
:vy.; p-
ownership,
of
10%
of
foreign,
of
and
the
unstamped
face
others
amount
than
in¬
;
the restrictions
America,
No.
imposed by Executive Order of the President
8389, as amended, relating to transactions in¬
(including France) or their nationals have
interest, and to the regulations issued or that may hereafter be issued thereunder.
1968
Forty-five Year 5%
Sinking Fund External Gold Bonds Series IX, of 1927
Due December 1,
"
volving property in which certain countries
an
and Sinking
Twenty-Five Year 5%
either
''
following
are
will
External Loan Gold Bonds, Due August 1, 1955
Thirty-Four Year 4External Loan Gold Bonds, Due April 15, 1963
1949
Coupons
when
,
Twenty Year 6% External Gold Bonds, Due January 1, 1942
Coupons which are stamped to indicate non-French beneficial ownership will
be paid at the face amount thereof;
/>
which
the Holders of: .V.
Kingdom of Denmark
Thirty-Year 5^%
or
the
dividuals.
—
payable to the above Clerk.
COLORADO
to comply with the decrees of the French Government
dated July 16,
August 25, 1937, payment of coupons maturing June 1, 1942, of the
1%
thereof,
in April
Voters will
the November ballot.
on
order
coupons,
and Negotiations—
Fund Notices
the bond issue at
.
(B)
Corporation and Invest. News— 2002
Redemption Calls
proposal
the French franc equivalent of the dollar
amounts specified below, calculated
upon the basis of the official rate of exchange for the dollar in France.
and
Department:
Municipal Issues Sold
Gen.
1,
upon presentation and surrender at the office of J. P.
,
•
sum
city to
outright by
purchase if
time before 1949.
rated, 23 Wall Street, New York City, in United States dollars in the amounts
Exchange
Proposals
are
Gold Bonds due December
specified below;
Exchange
New
Bond
provide for
yearly: install¬
ments
installments
approve
bonds
arrangements
(B): at the option of the holder and until further notice, upon
presentation and
surrender at the office of Messrs.
Morgan & Cie, Chatel-Guyon, France, in
Exchanges
Curb
City
holders
(A)
York
and
the
Commission,
security
of
lines
lump
the
To holders of above-described Bonds:
Securities
New
State
Utilities
The Government of the French
Republic announces that
1, 1942, of the above-described bonds, will be payable on and
4980.
(Begin on page 1973)
Stock
that
subject to confirmation by
payment
permit
the
of
External Loan of 1924 Twenty-five Year
Siiijkmg Fund
1942.
sFnroEx:;:|l|;s:
Unlisted
purchase
means
any
it
is
proposed
to be worked out
is
The Government of the French
Republic
V
Quotations:
over
the board of supervisors.
The
the
to
disclosed
company's
instituted
Notice to
Sch. Dist, No. 24,
Salary warrants through No.
:
extend
and by office ex¬
the life of the lease.
Public
option
would
En¬
$2,000,
19,
7%
Dist. No.
31231, both registered May 1,
an
which
San
lease arrange¬
a
will
Negotiators
the
1942.
warrants
of
it was announced to¬
The price which has been
over
be
purchaser.
certified check for
a
To
other.
any
Furthermore,
that
,
t
County
and
would
5103,
Salary warrants through No.
Expense
.
,
insurance
penses
15, 1942 to 1952. Bidders will be
permitted to bid different rates
1942, Expense
Sch.
Com¬
agreed
rate is not to exceed
through No. 31151, reg¬
istered April 23,
of
$8,350,000 which is to be raised
to $11,534,416 by interest,
taxes,
bonds
Salary warrants through No.
warrants
dis¬
years
istered March 3, 1942.
registered May 1,
V
which
day.
Sch, Dist. No. 10, highest and best bidder, consid¬
Salary warrants through No. 4004, ering the rate specified and the
'registered March 4, 1942, Expense premium offered, if any.
Bids
'warrants through No. 30900, reg¬ will be received for all or
any
Sch.
special
upon by city officials and
by negotiators for the company is
fire
to
were
*
Railway through
ment
Sealed
A
on
—
transfers
line
Market
Francisco have tentatively agreed
to
purchase the Market Street
Elementary
Elementary
bids
May 26, by Stuart Grady, City
Clerk, for the purchase of $11,000
Kennedy
that the following
Offering
Buy
"Journal
t
seven
will be received
Called
York
level.
Alachua County
To
—
7c
permitting free change from
(City and County),
Railway
the
furnished to the
close
•
$235,000
Sealed
—
to
for the higher fare
it is proposed that univer¬
costs,
bonds by a
until
Agrees
lows:—
Dixon, Calif,
Bond
of
merce'.' of May 20 reported as fol¬
purchase of the local water
system from the Arkansas Power
& Light Company, is being hand¬
led by the W. R. Stephens Invest¬
ment Co. of Little Rock.
be
water
(P. O. Globe), Ariz,
Cyril
Treasurer
New
the
to
is
ARIZONA
Warrants
$227,500
a
bonds to finance
revenue
raised
ap¬
patch from the above city to the
CALIFORNIA
said
$60,000
Council
planning to issue
system bonds.
voters
revenue
Francisco
Street
Contemplated—
City
the
issuance
received
City
Contemplated—The
City Clerk states that
City, Ala,
issuance
Gila County
Issue
issue of
4
Calif.
•
owned
now
have the chance to vote for such
election
an
May 25 (to¬
day), by the City Clerk, for the
purchase of the above bonds.
San
The
the
supply
ARKANSAS
Zeigler
certi¬
be
voters
At
—
May
on
proved
ALABAMA
voters
a
a
$1,500, payable to
wide margin.
Bonds Offered
(See Index Below)
Bond
1941, by
Enclose
for
Bonds Voted
were
Voted—City Comptroller
28,
City Treasurer.
held
Miscellaneous
Bond
Oct.
on
check
water
election
authorized at the elec¬
were
Napa, Calif.
Unlisted Securities
G.
a
to
any
Out-of-Town Listed Markets
Bonds
the
to
without charge,
certified copy of
of 199-11.
fied
the
furnished
bidder
held
vote
Exchange
those
Under present plans
charged on the lines are
the fares
transcript of proceedings. The
bonds
QUOTATIONS
II.
with
by the city.
sal
will
successful
the
-
solidated
compensate
together with
York
The legal
opinion of Orrick, Dahlquist, Neff
& Herrington, of San
Francisco,
approving
the
validity
of
the
'v
Corporation News
New
less than par
All bids
interest.
bonds
'"i
State and
accrued
THE GOVERNMENT OF THE FRENCH REPUBLIC
1972
unders'gned Minister of Denmark in Washington makes the following state¬
ment for the information of bondholders of the above-descr'bed issues:
For the purpose of paying June 1, 1942 coupons of Cilv of Copenhagen TwentyFive Year 5% Gold Bonds, due June 1, 1952, and June 1, 1942 coupons of Mortgage
Bank of the Kingdom of Denmark (Kongeriget Danmarks Hypotekbank)
Forty-five
Year 5% Sinking Fund External Gold Bonds Series IX, of 1927, due December 1, 1972,
I propose to put the particular paying-agents in funds so far as it is estimated to be
necessary to make coupon payments to holders, other than residents of Denmark,
of
The
bonds of these two issues.
V.
I
„
,
1942 coupon payments will be subject to such licences as may be granted
„
June
1,
.
.
.
,
to paying-agents by the United States Treasury.
In
conformity with
my
announcement of April 8,
1942, I
purpose
to make subse¬
quent announcements with a view to keeping bondholders informed of further develop¬
ments relating to the above-described loans.
HENRIK KAUFFMANN
'
1968
Dividends
Auction
'
£■!
The
19^2
Sales
Course of Bank Clearings——
Foreign Exchange
2001
Rates—1972
by ROBERT LACOUR-GAYET,
'
-
*
New York City, May 25,
'
1942.
.
Attache'
Financial
.■
to
the
V
French
' W:
"
Envoy' Extraordinary and Minister Plenipotentiary
of His Majesty the King of Denmark
Embassy .-i'::;,
Washington, D. C., May 22, 1942.
.
:
prices bonds suffi¬
cient to absorb surplus funds in
the town's debt service account. ;
lowest
the
at
sold,
(P. O.'West Palm
Beach), Fla.
that
to
the
$350,000
of
issue
an
im¬
submit
to
29,
May
voters
has been called
election
an
for
understand
Election—We
-Bond
provement bonds.
v
Contem¬
Issuance
Certificate
1
City, Fla.
Panama
-
plated—It is said that the above
city will probably issue $75,000
water
addition
system
of $10,500
revenue
Village Clerk.'.
ng,
Barik,r ofi/Spen^ County' hospital refunding bonds
was
offered for sale on May j 19
of 100.21,. a
Savings
paying
cer,
price
a
basis of about 3.95%".
and
Dated Dec:
been
1, 1941. Due on May 1,- as fol¬
according to M. G. Spauld- lows:^
$561.74 in 1942, $800 in 1943
judgment funding bonds has
Drainage Dist.
*
Trust. &
Greenview, III.
Bond Sold—An issue
..
Shore
East
County,
Beach
•Palm
\..
.
U\Y\
to
&
was
Boyce
1
June
purchased by Stein Bros.
of Louisville, the only
in
1943
to
1958;
redemption in inverse numeri¬
cal order at 103 and accrued in¬
Waterloo, Iowa
r
Details-~TheCity terest to and including June : 1,
—An
Associated
Press dispatch
Clerk and Auditor states that the 1947; 102 and accrued interest to
Com Springfield on May 3 re¬
$3,877.27 sewer, special assessment and including June 1, 1952; 101
ported as follows: Ten communi- oonds sold to the contractor, at and accrued interest to and in¬
les in central Illinois counted 13
par—v.
155, p. 970-r-were i^pur^ cluding June 1, 1957; thereafter
persons
injured
and
property chased as
5s, and mature/in 10 at par and accrued interest. In¬
iamage running into several hunterest payable J-D."
years.
ired thousand dollars today
as
Denomination; $1,000, Dated June
KANSAS
;he result of a twisting tornado
1, :1942. Due on June 1, as fol¬
vhich lashed across Morgan, San¬
Shawnee County (P. O. Topeka)-, lows: $8,000 in 1943 to 1945, $9,gamon and Logan Counties last
Kan.
00Q in" 1946 to 1949, $10,000 in
light.
Bonds Sold—A $50,000 issue of 1950 to 1952, $11,000 in 1953 and
At Franklin, a village of 500 in
refunding bonds is said to ..have 1954,/ $12,000 in 1955, $11,000 in
Morgan County where the twister
been - purchased recently * by -the -1956, $13,000 in 1957, and $5,000
;truck first and did its greatest
Rhodes-Seltsam
Co., - Inc.,-j arid in ^1958v Subject to redemption in
Iamage, between 50 and 75 homes
Beecroft, Cole & Co., both /of their inverse numerical order at
vere
damaged or destroyed, all
103 and accrued interest to and
Topeka, as Is. ; ./ „• vutilities services were disrupted
including June 1, 1947; 102 and
md six loaded cars of a Chicago,
Summerfield, Kan.
accrued interest to and including
Bond
Sale
Details—The ; City
3urlington and Quincy Railroad
June 1, 1952; 101 and accrued in¬
.rain, moving into a siding, were Clerk states that the $20,000 semiterest to and including June 1;
toppled over.
Mayor Alan Ms ann. improvement bonds sold'at
1957, and thereafter at par and
Keplinger
placed the Franklin par to Estes, Snyder ~ & Co. of
accrued interest to maturity. The
jruperiy
a am a ge
at
about Topeka—v. 1&5, p. 690-^Were pur-;
bonds will be sold to the higher;
chased as follows:
$10,000 as 3s,
$125,000, and best bidder and the county
All of the 10 buildings in the due $1,000 from Aug. 1, 1942 to
tiny Riddle Hill community were 1951; the remaining
$10,000 as vyill furnish a final approving
opinion of Woodward, Dawson &
damaged and the village's lone 33&s, due $1,000 on Aug. 1 in .1952
church was destroyed.
to 1960, and $1,000 on Feb/lf 1961. Hobsori, of Louisville j subject to
Whose opinion the bonds shall be
Other communities in the path
Topeka, Kan.
i -sold, • and will furnish printed
if the storm included New Berlin,
Bond
Sale
-
certificates.
{>,]
4
..
t
Spec. Tax Sch. Dist. No. 6
i Polk Co,
(P. O. Bartow), Fla.
M
Bonds
Sold—The
Not
-
$12,500
semi-ann. school bonds of¬
fered on May 14—v. 155, p. 1795—
were not sold as no bids were re¬
4%
.
being used gradually
to • reduce
the > principal' of the
district debt.
I
^
in 1945 to 1952.
Pasco County
.
j
(P. O, Dade City),
Fla.
Tenders Invited — It is
^stated by Walter C. Craig, Secre¬
Bond
of the Board of Public In-
tary
,
struction, that he will receive
sealed offerings until 10 a.m. on
June
dated
15, of refunding bonds
July 1, 1937, issued by the County
Board of Public Instruction.
Of¬
ferings must be firm for at
to be considered.
10 days
least
Validated—A
Bonds
been
municipal relief bonds of¬
May 15 was awarded to
Arthur Perry • & Co., Boston, as
134S; at a price of 100.765', a basis
about' 1,10%.
Dated May 1,
of
Jacksonville, III.
filed recently
said to
have
:
by the
Circuit Court, validating!
$77,000 refunding bonds.
•
as
—
1882,
May
$40,000 on
155,
v.
p.
issued at par, are dated
1942,
and mature
1961
incli
Callable at any time at the
city'sj
Nov.
Williston, Fla.
Agreement
in
reported
were
15,
Refunding
$200,-
light plant extension
;evenue bonds sold as 332 s to the
Carlton D. Beh Co. of Des Moines,
000 electric
is
decree
Details—The
Sale
from
1
1957
to
May
I,
bonds
of
The
1942.
new
bonds
by
incl.
Prin. and int.
payable at the First Na^
Bank of Boston.
tional
.
bidders:. (for 134s) Sec¬
National
Bank" of Boston
Other
ond
&
Tyler
100.738;
Hawkins
Robert
$72,000 ;,1^^ bond forms. The proceeds of the
semi-ann. public and civil forks' bonds are to be used to retire an
projects
bonds, series i 1942-504 outstanding issue of Owensborowhich were offered for sale on Daviess County Hospital
bonds,
Feb. 14—-v. 155, p. 742-^were purW and delivery of the bonds shall
chased jointly by the Cityr:Na- be made as soon as conveniently
tional Bank & Trust Co., of Kan¬ possible after date of sale.
sas City, and the Rhodes-Seltsam
LOUISIANA
Co., of Topeka, at a price of
100.325, a basis of about L19%; East} Baton T
Rouge Parish (P. O.
Dated Feb. 15, 1942. Due on Feb.
Baton Rouge), La.
15, as follows: $8,000 in 1943 and
Bond Sale—The $50,000 semi1944, and $7,000 in 1945 to 1952.
ann.
public improvement, series
E bonds offered for sale on May
Wichita, Kan.
Bonds Sold—It is stated byE. Si 12—v. 155, p. 1722—were awarded
Merrill
&
Beane
National
First
Co.,
Co.,
&
100.189.
Gloucester, Mass.
Bond Sale—The $75,000 coupon
$23,000
bonds
relief
municipal
offered
May 15 were awarded to the Cape
Ann National Bank of
Gloucester,
134s, at a. price of 100.899, a
as
basis of about 1.08%.
Dated May
1,. 1942. Denoras. $1,000 and $50d.
Due $7,500 on May 1 from 1943
to 1952 incl.
Prin. and int. (M-N)
payable at the Merchants National
of
Bank
Lynch, Pierce, Fenner
New Orleans, at a
follows:
Bos tori,
& Co.,
Goldman, Sachs & Co.,
100.358; R. L. Day & Co., 100.29;
Halsey, Stuart & Co., 100.207;
Harris
Trust & Savings Bank,
of
as
-
Ripley
100.534;
Boston.
as
Lewis, Pickett &
Legality
ap¬
by
Storey,
Thorndik^,
Palmer & Dodge of Boston.
? .•
Other bidders: (for 134s) Tyler
proved
&
Co.*
100.833; Arthur Perry &
Co., 100.765; Gloucester National
Bank, 100.738; E. H. Rollins &
Sons, 100.70; Robert Hawkins &
Co., 100.399; Goldman, Sachs &
Co., 100.339; Halsey, Stuart & Co.,
100.319; Estabrook & Co., 100.03.
Lynn, Mass.
of; 100.003, a net interest
of about 1.685%, on the bonds
divided
100.699;
100.616;
Bank -of
100.55;- Harriman,
price
cost
Legality
approved, by Storey, Thorndike,
Palmer & Dodge of Boston.
Co., Bank of Chicago, and Estes; Sny-, IV2S, due on April 1; $4,000 in 1943
Chicago, as 2V2s. Denom. $1,000: der & Co J of Topeka, as 134s, and 1944, $5,000 in 1945 to 1947;
Due $4,000 on Dec. 1 from 1943 tcj paying
a
premium of $464.53, the remaining $27,000 as l%s, due
est will be at 3% for the first
1952 incl.
equal to 100.417, a basis of about on April. 1; $5,000 in 1948 to 1950,
seven
years;
4% for. the next
1.17%:
and $6,000 in 1951 and 1952.
Winnetka, III.
•,/ eight; years, and 5% for the next
The
$4,500 Sewerage District
$97,200 refunding, Series JNo. 491,
Bond Call
15 years, and the bonds will be
Village Treasurer
bonds. Dated June 1,
1942: No. 4; semi-ann. bonds offered at
"callable by lot at par on any in¬ N. W. Markus calls for payment
Due on June 1; $11,200 in the same time-r-v. 156,. p. 1722—
terest payment date by published oh June 1, at par arid accrued in-j
1943, $10,000 in 1944 to 1948, were awarded to Scharff & Jones,
notice in a recognized New York terest, the following 234 % public
and $9,000 in 1949 to 1952.
; j Inc. of New Orleans, at a price of
financial paper, notice of call to benefit judgment funding bonds: i
14,000 public work relief, Series 100.23, a net interest cost of about
Bonds Nos. 109 to 146, to the
be published at least 30 days and
No. *492 bonds. Dated May 1, 3.67%, divided as follows: $3,800
/not more than 60 days prior to amount of $38,000.
Due Dec. lj
1942. Due on May 1; $2,000 irt as 3%s, due on Oct. 1, in 1942 to
call date.
The refunding bonds 1942.
1943 to 1946, and $1,000. in 1963; the remaining $700 as 3V2S,
Bonds Nos. 147 to 158, to thej
are to be tendered present hold1947 to 1952.
due on Oct. 1 in 1964 to 1966.
ers of outstanding bonds on the amount of $12,000.
Prin. and semi-ann. int. payable Iberia Par, Sch. Dist. No. 5 (P. O.
Dated Dec, 20, 1938.
basis of par for par exchange. < <
Deriomsj
at the city's fiscal agency in To-,
New Iberia), La*
The new bonds are .to be se¬ $1,000.
Payment will be made of
cured by a pledge of the unlim¬ principal
and interest, on said peka.
Bonds Voted — At the election
ited ad valorem levy on all tax¬ bonds on presentation in nego¬
KENTUCKY
held on May 12, the voters ap¬
able property within the city, in- tiable form with June 1, 1942, and
proved the issuance of the $32,000
Falmouth, Ky.
t eluding homesteads, and the net
all subsequent coupons attached:
construction bonds, it is stated.
Bond Offering—Sealed bid? will
revenues
of
the
municipally
be received until 7:30 p.m. on La "Salle' Par. Sub-Road Dist, No. 2
INDIANA
!
owned light distribution system
May'25, by Mayor J. E. Wilson,
(P* O. Jena), La.
and water plant.
Paw Paw Township School Town¬
for the purchase of $26,000 elec¬
Bonds Sold—The Secretary of
ship (P. O. Roann), Ind. <j rj
GEORGIA
tric^^ light and water r plant ■ rev- the Police Jury states that $15,000
Bond Offering—Hugh E. Comer,
enue
refunding bonds.
Interest refunding bonds have been spiel
De Kalby County (P. O. Decatur), Trustee, will receive sealed bids
rate is not to exceed 3 34 %Pay¬ to the Bank of Jena, aS 4s at par.
:
6a.
'• until 7:30. p.m. on June 12 for th^
able
semi-annually.
Each ; bid Dated Dec. 1, 1941. Due in 1952.
Certificates Sold
An issue of purchase of $5,000 school
bonds| must pffer a premium;.in Addi¬
:
$100,000 '4% : semi-ann.
water due in 12 years.
*
;
MARYLAND
tion to the par value and accrued
revenye
anticipation certificates
interest, of 2 34.% of the par value Harford
IOWA
was offered for sale on May
County (P. O. Bel Air),
19
thereof. Dated June 15, 1942..Due
and was awarded to a group com¬
Md.
Bancroft, Iowa
$2,000 from June 15, 1943 to 1955
posed of J. H. Hilsman & Co.,
Bond Offering — J. M.- Bosley,
Bonds Sold—Town Clerk L. Mi
chased
1952
to
(M-N)
Sale—The
to
Due
from
1947 incl.. and $7,000 from
1943 to
1948
Register-
principal only.
as follows: $8,000
to
as
.
The!proposed refunding and ex¬ option.
tension agreement for the city's
Rockbridge Township (P. O.
Worrell, Director of Finance, that
indebtedness, submitted to bond¬
the following bonds aggregating
Greenfield), III.
holders last November, provides
Bond Sale Details—The $40,000 $111,200, were offered for sale on
for the exchange of outstanding
road improvement bonds reported May 18 and were awarded jointly
bonds for new $132,000 refunding
sold in v. 155, p. 1362, were pur¬ to the Harris Trust,
Savings
will be dated April 15, 1942 and
will mature April 15, 1972. Inter¬
! Denom., $1,000.
1942.
able
.
Bond
;
Debt
Andrew, Elkhart, and Lin¬
coln.
.
South, Tampa Farms Drainage
District, Fla.
:
man,
;
fered
-
Bond
/ V
coupon
,
3radfordton, Bates, Curran, Sher¬
* Fitchburg, Mass.
,
Bond Sale-^-The issue of $75,000
:
.
according to the Chair¬
man, Board of Public Instruction.
Dated May 1, 1942. Due on May 1
ceived,
bonds' the difference
interest
in
Due
subject
to:
Damage
the district
Dated June 1, 1942. v
bidder.
1949,- and $900 in 1950. 1
(State of)
Illinois
Tornado Inflicts Heavy
Monday, May 25, 1942
FINANCIAL CHRONICLE
THE COMMERCIAL &
1962
Bond Sale—The $65,000 coupon
or
registered bonds
offered May
14
were
awarded to
Estabrook &
Boston, as 134 s, at
Co.,
of 100.554, a basis
price
a
of about 1.11%.
Sale consisted of:
j
$30,000 Defense Act of 1941 bonds.
Due
■
—
$6,000
on
May
from
1
1943 to 1947 incl.
»
35,000 water mains bonds. Due
May 1, as follows:
$4,000
from 1943 to 1947 incl., and
$3,000 from 1948 to 1952 incl.
.
.
.
v
'
All of the bonds will be dated
May 1, 1942. Denom. $1,000. Prin.
and
int.
(M-N) payable at the
First National Bank, Boston, or
at the City Treasurer's office. Le¬
gality approved by Storey, Thorndike, Palmer & Dodge of Boston.
Other,
bids,. also for 134$, in¬
following:
Robert
& Co., 100.547; Arthur
Perry & Co., 10Q.536; First Na¬
cluded
the
Hawkins
tional Bank of
-
■
..
•—
.
Boston, 100.47; Ty¬
Boston
Co./- 100.44;/ First
Corp., 100.37.
ler: &
»
;
Note
000
Sale—The issue of $500,offered May 21
was
notes
awarded
to
the
Vrust
Security
Co., Lynn, at 0.44% - discount.
Payable in instalments on March
11 and March 25, 1943.
Th#Day
Trust
Co., Boston, second fhigh
0.48Jo.
bidder, named a rate of
int.;payable/at the
Clement
A..: Evans
&
Maiden, Mas$, '
Co., and Saunders states that $4,500 re¬
Clerk of the Board / of Cqunty
City Treasurer's office in Fal¬
Johnson, Lane, Space & Co., all funding bonds were sold on May
Bond Sale—The $95,000 coupon
mouth.
Approving legal opinion Cqrrimissioners, will receive sealed
of Atlanta, at a price of 117.25, a
bids until May 25 for the pur-; bonds; - offered
11 to the
White-Phillips Co. of of
May
21
were"
Peck,
Shaffer, Williams. &
basis of about 2.70%. Dated Oct.
chase of $50,000 hospital bonds.
.• awarded to Arthur .Perry & Co.
Davenport, as 2% s at par.
Gorman
of Cincinnati;'; will be
incl. .Prin., and
*
-
1.
1940.
Due
on
Oct. 1 in 1943 to
■■h Bond
ILLINOIS
,
Cairo,
Maude
$32,500 u3%
Paid—The
Price
•judgment
funding
bonds
pur¬
chased earlier in the year by the
Midland Securities Co., Chicago,
reported
were
sold at
basis
of
Bond
-
in
a
about
Election
M.
—
Krebs
City
states
Clerk
that
art
election will be held on June
III.
•
as
furnished
-Cedar Rapids,'Iowa
1970.
have the voters
pass
on
1, to
the pro4
posed issuance of $325,000 airport
construction bonds.
Sac City, Iowa ::M/v I
Bond Election—The issuance of
155, p. 1362,
price of 101.846, a $16,000 water system bonds is said
v.
2.71%.
Chatham, III.
Approved
Issue
to
be scheduled for submission to
the voters at an election on June 9.
The
Spencer, Iowa
voters
on
Bonds Sold—The $7,061.74 4%
May 12 authorized a
bond issue to finance purchase of street improvement bonds offered
the local light plant of the Chat- for sale on Feb. 16—v. 155, p. 690
ham Electric Co1.
'
!
'
;:v. ■ —were purchased by the Farmers
—
without
for
$1,000
bid.
;
the
.
must
•
-
successful bidder
certified check
A
cost.
accompany
the
'
Jrtingtdn,--Kp?<
%
Bond Call—C. O. Haynes,
Chair¬
of
Boston, as VAs, at a price of
100.579, a basis of about 1.12%.
consisted of $60,000 munic¬
Boston Metropolitan District, Mass.
May Issue Bonds—The Boston ipal relief bonds, Act of 1941, sec¬
Elevated / Railway. Co. has peti4 ond issue, due $6,000 on May 1
tioned the Department of Public from 1943 to 1952 incl., and $35,Utilities for authority to issue $8,- 000 defense bonds, Acts of 1941,
286,000
coupon , or
registered second issue, maturing $7,000 on
1 from 1943 to 1947 incl.
bonds for the purpose of paying May
off an equal, principal amount of Dated May 1, 1942. Prin. and int.
MASSACHUSETTS
Sale
Board of Trustees, is calling
for payment on June 1, at par
plus a premium, all the outstand¬
ing 5% school bldg. bonds, dated 5% bonds due Dec. 1, 1942.
Dec. 1, 1937, totaling $21,000. De¬
The usual procedure, and likely
nom. $500.
Payable at the Town to be followed in this case, is for
Clerk's office in Irvington..
In¬ the Elevated to sell its bonds to
man,
terest ceases
on
date called.
-
?
Owensboro, Ky. v/;
Bonds Sold—An issue of $153,-
•
000
1
334%
5 Owensboro
-
Daviess
the
Metropolitan
District.
district in turn sells its own
to the
carry
proved by Storey, Thorndike, Pal¬
mer
& Dodge of Boston. Second
The high bid of 100.55 for 134s was
bonds made by the National Shawmut
public. The Elevated bonds
higher interest rate than
a
(M-N) payable at National ShawLegality ap¬
mut Bank of Boston.
Bank of Boston.
•
'
-
•
Volume 155
Number 4075
Massachusetts
\
May
Lose
(State of)
$5,500,000
In
'THE COMMERCIAL & FINANCIAL CHRONICLE
4
a
?
:27%«
administration and fi-?
Thus,
bonds
of
est
Bonds
Bos-
fun d
of
$7,000,000. The
largest item was $1,891,777 for
salary increase for State employ¬
ees^ as- authorized by the Legis-?
lature....
war
the
int.
deficit,
a
the
(J-J)
ceived until June
Governor
sealed bids until 4:30
p.m.- (EWT)
on"
May 29 of series A refunding
bonds ^presently
and
basis
of
about
1.37%.
Bidder—
Tyler
1952
inch
Prin.
and
Dated
int.
(M-N)
Bank
of
Boston.
Legality
Inc.,'
and
Commerce Bank & Trust Co., St,
County
1952.
issue
of
p.
May
ous
1883—was awarded
sinking funds is
semi-ann. water main
,
debtedness,
Other
bidders:
(for
$265,-
series
1,
series 2, $6,063.00.
Tenders should
"
of
notes offered
coupon
155,
1883—
p.
was
bonds
bonds
1 Vis)
Bank of
May 19
&
awarded
•
install¬
period
of,
15
of issue;
date
If
on
interest
and
for
value
all
MISSISSIPPI
of
2.82%.
—
•
the
bids
pri¬
certified
a
-
'
sale
on
•
Sch.
Dist.
No.
Mont.
Butte),
O.
<
originally
May 28—
were
Co.
Bow
v
Offering—It is stated
Bond
by
Margaret A. Leary, District Clerk,
will
she
June
—
/ The
all
said bonds at
for
(P.
payable
The
and
any
bonds
scheduled
that
Details
they will
par.
reserves
v.
155, p. 1723.)
'./v/.//,//'i*.#'V
Silver
lowest
$5,000, payable to the
(These
basis of
a
Interest
par
and
the
Enclose
sale.
check for
Tupelo, Miss.
Sale
reject
District Clerk.
J-J.
Bond
Trustees
and to sell the
vate
County (P. O, Corinth),
ing bonds sold to the J. S. Love
Co. of Jackson, at 101.389—v. 155,
p. 1883—are due $2,000 on Jan. 1
,
their
interest,
accrued
must state
purchase the bonds at
right to
about
than
less
not
with
bidders
Board
date
payment
7V2 years from
The bonds will be
rate of interest at which
.
1958, giving
serial
or
after
date of issue.
sold
,
1943 to
sold
The said bonds
amortization
any
from
Dated June 1,
Due $150 from June
1, 1943
to 1960 incl.
in
(
and
bonds, will be redeemable in full
indebtedness.
Alcorn
issued
are
paid.
are
whether
City
fully describe
Clerk states that the $7,000
the
securities offered,
city
including
bonds sold to the Peoples Bank &
serial numbers, their par
value,
Trust Co. of Tupelo-r-v. 155, p.
and the amount for which
they
1643—were purchased as 2s, at a
will be sold to the
township. Of¬
ferings; should be firm for five price of 100.342, a basis of about
1.95%. Dated April 1, 1942. Due
days.
$500 from April 1, 1943 to 1956
incl. Prin. and ini (A-O) pay¬
/"/-■„''! "/,s Ypsilanti, Mich. '
{
{ Bond Sale Postponed
H.
C. able at the Chase National
Bank,
Holmes, City Clerk, reports that New York City.
&
the
from the
$6,685.50 will become payable on
the first day of July/1943,
and
the sum of $6,680.00 will become
payable on the same day each
year thereafter, until all of such
1942.
/ ''
-
semi-annual
serial
$2,587.83;
•
in
during
years
certificates
Boston, 100.81;. R. L. Day
Co., 100.71; Lyons & Shafto,
Lee,
Higginson
Corp.,
to Goldman, Sachs & CoNew 100.553;
100.42; Halsey, Stuart & Co., par
■York,
as
0.75s, at a price of
the sale of $11,500 not to exceed
plus $124.65.
■
100.375, a basis of about 0.586%,
2V2% interest special assessment
Dated May 15, 1942, and due
MISSOURI
May
Walpole, Mass.
paving bonds, originally sched¬
Note Sale—An issue of
15, as follows: $70,000 in 1943 and
$100,000 uled for
Crowder and Zeta Spec. Road Dist.
May 18—v. 155, p. 1883—
$65,000 from 1944 to 1946 incl. notes was awarded May 21 to thd
(P. 0, Bloomfield), Mo.
was
•Other
postponed./
bids
(for
0.75s)—Arthur Merchants National Bank of Bos¬
Bond Legality Approved—It is
Perry & Co., 100.278; Alcock Hill ton, at 0.41% discount. Due Nov.
reported
that
3J/2%
refunding
& Co., 100.23; Tyler &
MINNESOTA
Co., 100.22; 30, 1942. First National Bank of
bonds aggregating
$21,500, have
i First
National Bank of
Boston, Boston bid 0.46%.
been approved as to
Breckenridge, Minn.
legality by
100.20; National Shawmut Bank
Bond: Sale—The $30,000 sewer Charles
& ' Trauernicht
of
St.
Wellesley, Mass.
'of Boston, 100.15; Second National
bonds offered for sale on' Feb.
Louis. Dated May 1, 1942.
Note Sale—The issue of
16;
$200,t were
;Bank of Boston,
100.13; Halsey, 000
purchased at par by the City
notes
offered
May 18 was
Overland Fire District (P. O.
Stuart & Co., Inc., 100.09; R. L.
awarded to the Wellesley National Sinking ' Fund
Commission, ac¬
Overland), Mo.
Day & Co., 100.08; Harris Trust
cording to Ruth Hamilton, City
Dated
Bond Election—The issuance of
& Savings Bank, 100.06; (for Is)— Bank, at 0.364% discount.
-Clerk/
May 18, 1942, and' due Nov. 13,
United States Trust Co.,
$50,000 fire protection bonds will
Boston, 1942.
Other bidders: 1First
Naf Blue " Earth County (P. O# Man- be /submitted : to the voters on
100.01.
'
■
*
tional
Bank
of
.r
i
Boston, 0.39%;
kato), Minn,
g
May 26, it is reported/
Second National Bank of
Quincy, Matt,
Bond Offering
Boston,
Contemplated —
St. Louis Housing Authority (P.O.
Bond Sale—The issue of $50,000 0.418%;
Wellesley - Trust, Co., Gounty Auditor B. E. Lee is re¬
coupon-sewer construction bonds 0.43 %; - and
/
St. Louis), Mo.
National * Shawmut ported as saying the County Com¬
Notes Sold—An issue of
offered May 14 was awarded to Bank/0.47%.
{
$6,500,missioners intend to place
$50,000
.Tyler & Co., Boston, as Is, at a
ditch, refunding bonds on the mar¬ 000 housing notes was awarded on
Woburn, Mass. '
Feb. 17 as follows: $3,500,000 (the
price of 100.444, a basis of about
ket in the near
Bond Sale—The issue of
future.,
$50,000
fifth and eighth series), to the
"0.85%. Dated May 1, 1942. Denom.
coupon municipal relief bonds of- Cass Co. Cons. Sch. Dist. No.
1 Chemical Bank & Trust Co. of
'$1,000. Due $10,000 on May 1
fered May 20 was awarded" to
New
from 1943 to 1947 inch Prin. and
-(P. O. Remer); Minn,
1
York,
and
associates, at
Bond, Judge & Co. of Boston, as / Bond Sale—The $25,000 semiint.
(M-N) payable at the Na¬
0.78%,' while Salomon Bros. &
IMjs, at a price of 100.432, a basis ann/; general,
tional
Shawmut
obligation funding Hutzler of New York, took $1,000,Bank, Boston.
of about, 1.42%. .Dated >,
May h bonds offered for sale on May 19 000 of the sixth series at 0.70%,
{Legality
approved
by
Storey; 1942.
Denom.
$1,000.
Register155,; p. 1723—were awarded and
$2,000,000 of
the
seventh
Thorndike, Palmer : &Dodge of
able as to principal only or as td to, Juran &
Moody of St. Paul, as series at 0.72%.
Boston/
Dated Feb. 27,
both principal and interest;
4s at
Pay¬
par, according to the Dis** 1942.
Due on Sept. 30, 1942.
;,
Other bids, all for Is, were as ment of principal s and
{interest trict Clerk. Dated June 1, 1942.
follows:
(M-N) to be made at the" First Due on Dec. 1 in 1943 to 1959 incl.
MONTANA
000
—v.
ments
•
re¬
follows:
as
issued, the entire issue
be put into one single bond
divided into several bonds, as
.
re¬
1937
1937
Co., .101.0799; Arthur
Perry & Co., 100.943; Newton;
Abbe & Co., 100.90; Estabrook &
Co.,
100.859;
Second
National
(P. O. Dedham),
Sale—The
155,
bonds offered
will
of
June 9, at 2 p.m.
(EWT).. •
*
The amount on hand in the vari¬
1,
Tyler
Mats.
Note
water
Lawson
tenders
and
payable
funding bonds, series A, B and C,
Miss.
1, 1937, and 1937 cer¬
Maturity — The Clerk of the
tificates of indebtedness,' series 1
Chancery Court states that the
and 2, dated
Aug. 2, 1937, until $32,000 (not $32,500) 3% refund¬
100.123
•
William
sealed
3%,
the Board of Trustees may deter¬
upon
at the time of sale,
both principal and interest to be
dated Jan/
;
100.133
1942, and due May 1, as
follows: $5,000 from 1943 to 1950
inch; $3,000 in 1951, and $2,000 in
Louis, jointly,
Norfolk
ceive
Rate Bid
---100.14
\%
V/«'
Clerk
as
{'{'
Wakefield, Mass,
May
Ripley &
Mercantile-
the
Boston..
l'/o
•
refunding bonds, series A
Ripley; & Co., Inc.,
and B, $31,064.94; series
C, $25,Boston, as Is, at a price of 100.023,
774.57; 1937 certificates of" in¬
a
basis of about 0.995%.
Dated
made by Harriman
Co.,
Co......'......,
5
to Harriman
by
Storey,
Thorndike,
Palmer & Dodge of Boston. Sec¬
ond high bid of 100.2799 for l^s
was
;
Bond Sale—The issue of $45,000
18—v.
ap¬
proved
\
&
w$re
{
Int. Rate
,4
coupon
payable at the National Shawmut
■
issue
:
& Co........
Nat'l Bank of
First
.May 1, 1942. Denom. $1,000. Due
/
$30,000 on May 1 from 1943 to
s
the
for
.
Estabrcok
price of 100.683,
a
bids
follows:
exceed
mine
,
in
payable
,
sold
or
f
Montevideo, Minn,
i
Bond Offering—Bids will be re4
outstandings
Tenders should fully describe the ceived until
June 1, at 8 p.m., by
securities offered,
including serial A. E. Swenson, City Clerk, for
numbers, and state the sum for the purchase of $24,000 street im¬
Which the/same will be ;sold to
provement bonds.
the; city.
The -right, is reserved
Mound, Minn.
'
to*"
reject/ arty or all tenders and
Certificate Offering — Sealed
td, waive any irregularities in said
bids will be received until 8
tenders.-! The securities purchased
p.m.
on
May 26, by LeRoy V. Alwin,
shall v be
delivered to the City
Village Recorder, for the pur¬
Treasurer- {within seven days of chase of
$2,700 not exceeding 6%
the date df mailing notice of the
or
Other
.Halsey, Stuart & Co., Inc., New
IV2S, at
by
-r~
.000 coupon municipal relief bonds
offered May 14 was awarded to
as
p.m.
bonds.
Interest
specified by the suc¬
be
to
may
.
New BedfordMass. f
Bond Sale—The issue of
$300,-
a
2, at 2
re¬
refunding
to.
not
and serial bonds will
be the second choice of the School
Board.
If amortization bonds are
/
•
for the purchase of $70,000 court¬
house
.
York,
/#''/•
Albert'Sundberg, County Auditor,
rate
office.
said.
,
Minn.
,
is
first choice
County (P. O. Milaca)i
Bond Offering—Bids will be
revenue
offered
Boston,
at the City Treasurer's
Coupon bonds exchange¬
able for fully registered certify
acceptance of tenders.
cates, interest on which is pay¬
able :. at City Treasurer's office! V' Warren Township (P. O. Van
Legality approved by Ropes, Gray,
Dyke), Mich.
Tenders /Wanted
Best, Coolidge & Rugg of Boston,
Township
Mass./
State
would have to find further funds
face
system
rate
payable J-J. Dated July 1, 1942.
Amortization bonds will be the
payable J-J.
Mille Lacs
-
from 1943 to 1947 incl/ Prin.
emergency
out,
of
second mort-i
coupon
flighting
issue
.was
defense
bonds
offered
May 19 was awarded to Arthur
Perry & Co. of Boston, as Is, at
a price of 100.167, a basis of about
0.932%. D^ted Jan. !,; 1942.; De4
nom. $1,000.
Kegisterable as rto
principal.
Due $6,000 on Jan. I
war
wiped
for ,0.75s
100.05,
coupon
reported
already been
spent from the Governor's special
was
-
Sold—The
May 18—v. 155, pi
1722—was not sold.
The meeting
was
adjourned subject to call at
the Mayor's request.
•
Taunt on, Matt.
$2,877,584 had
i. In the event the
Not
$90,000 4%
Bond Sale—The issue of $30,000
>
$100, 205.50 refunding bonds. In¬
terest
.
Bessemer, Mich.
v;
'
,
purposes.
Saltonstall also
Gov.
or
Bank
.
—
highway
fund
Shawmut
.
'/' Melvindale, Mich.)
' j cessful
bidder.
mad^
Due
$5,000 on
Joseph Fj June ,15 and Dec.
by the Merchants National Bank /•Tenders Wanted
15, in .1944 to
Coogan, City Clerk, will receive
of Salem..;
1957 incl.
/
w
j
of
$15,000,000 in reve¬
nue
from this source, instead of
.an
estimated $21,000,000.
Of the
.$15,000,000, the sum of $10,000,000
will be given .to, .cities, and
town^
that
bonds/offered
•
.
receive about
:
troit, jointly, exercised their op¬ Shaughnessy & Co. of Minne-'
tion land purchased, at
par, the apolis, as lV2s, paying a price of
$38,000 refunding bonds offered 100.03, according to the Town
May: 5—v. 155, p. 1796. / /
Clerk. Dated May 1, 1942. Inter¬
ton, or at the:; City/Treasurer's
receipts in April dropped office. Legality approved by
v
:
Thorndike,
Palmer /&
{
U Wk Storey,
this year the State will Dodge of Boston. Second high bid
that gas
-for
>• #//
$25,000 { De¬
and included the statement
nance
•
1941
National
report was based on figfurnished by the State com¬
on
of
gage
ernor's
mission,
Sale—The
Act
May, 14 were awarded to Arthur
Perry & Co. of Boston, as Is, at a
price of 100.85, abasis of about
0.70%.
Dated May 1, 1942, and
due serially from. .1943 to
1947|
inch Prin. and int. payable at the
tonstall reported to the Executive
Council on May 14.
The Gov¬
ures
Mass.
.
Bond
fense
loss
.this year of more than $5,500,000
in gasoline tax receipts, Gov. Sal,
Salem,
/
^
Gas
-Taxes—Massachusetts faces
1963
15,
chase
at
of
bonds.
bids
receive
until
8 p.m., for the pur¬
$218,689.51
refunding
These
bonds
being
are
issued for the purpose of retiring
bonds issued by the district on
July 1, 1937; payable in 20 years
and redeemable in 5 years.
The
issues
in amounts of $150,$120,000, respectively.Dated July 1, 1942.
Amortiza¬
were
000 and
tion bonds will be the first choice
and
serial bonds will
ond
choice
of
the
be
School
the
If amortization bonds
sec¬
Board.
sold and
are
issued, the entire issue may
put ; into one
single bond
divided into several bonds
said
board
of
trustees
be
or
,
the
as
de¬
may
termine upon at the time of sale,
both principal and interest to be
.
,
•
'
-
,
.
payable
in
.
.
Bidder—
.Arthur
Rate Bid
Perry
Estabrook
&
Co
100.353'
Co..
&
100.334'
National Shawmut Bank of Boston....
100.32
Rob art Hawkins & Co..'. .............-'100.288
Halsey,. Stuart Si Co., Inc..
100.089
.
,
>
Harris Trust & Savings
First
Boston
Bank
100.139
Corp.
100.137
National Bank of Boston.
Legality
y Dctrbit Lakes, Minn)#
by Storey, /Thorndike;
/ Warrant Offering—Bids will be
Palmer & Dodge of Boston/; Other;
received s'until June
1, at 7:30
bids,
also
for
IV2S,! were
ai
p.m./ by E. J. Bestick, City Clerk,
follows:
"
\ •
approved
.
.
for
Bidder—
Arthur
Rehoboth^ Mass.
.•••
Note Sale—The issue of $45,000
revenue notes offered
awarded
to
the
May 15
First
National
{Bank of Attleboro at 0.48%
count. .{, Due
and
$20,000
Other
.
bids:
$25,000
on
Dec.
on
The
was
Nov.
22,
First
dis¬
Robert
Tyler
Rate Bid
Perry & Co.
100.422
Hr.wkins; &. Co..,. t.k,vkv. ', ;<:i 100,344
'& Co....... r.
....'. .100,333
Kidder,
First
Peabody & • Co*
National
Lyons
Halsey,
Bank
of
.# 100.281
Boston.....;. i
100.247
Shafto.. .'v....../,. /,100.219
Stuart ds Co.. Inc.,
vt
&
22
100.20^
MICHIGAN
1942.
National
;j
Avon Township School District No/
Bank of Boston and the Second ./10 (P. O. Rochester), Mich.. *)
.National Bank of Boston, each bid
Bonds Sold—Crouse & Co. and
a rate of 0.50%.
•
/, {/.'/{ {/-. H. V. Sattley & Co., both of Del
•,
-
■
Commercial
and
Financial
Chronicle
(Reg. U.
Billings,Mont.
.
the
purchase of $9,300
warrants.
sewer
Dated June
1, 1942. Due
$1,000 on Jan. 1, 1944 to 1952, and
$300 on Jan. .1, 1953. Prin. and
int. (J-J) payable at- the office
of the City Treasurer.
of
this
issue, which will become
redeemable
'
$16,874.34 funding bonds offered
success
28—v. 155, p. 1723—are
Gillford (P. O. Lake
City, R.F.D.),
•
road
and
bridge surfacing bonds
on May 15—v.
155,
offered for sale
on April
being ex¬
changed at \lk% for warrants al¬
ready held by city funds.; Dated
Jan. 1, 1942. Due on Jan. 1 in 1943
to 1952.
p.
1723^were
awarded
to
Park-
Lewis j and Clark Co.
Sch. Dist.
No. J (P. O. Helena), Mont. ; 1
"
Bond
will
be
Offering
—
received
until
Sealed
7.30
bids
p.m.,
June 15, by J. F. McBride, Dis¬
trict Clerk, for the purchase of
on
July
1942,
1,
IV2
from
years
the date
of
issue
and prior to
maturity, at par and
accrued interest, pursuant to the
provisions of Chapter 178 of the
26th Legislative Assembly of the
State of Montana.
issued
are
and
If serial bonds
sold
they will be
in the amounts of $1,000 and $500
each with the
exception of the
first bond which will amount to
$189.51; the
of $15,689.51
sum
of
the said serial bonds will become
payable
the
1st
day of July,
of $14,500 will
become payable on the same day
on
1943, and the
each
whether
sum
thereafter until all of
year
such bonds
are
paid.
The bonds,
amortization
interest
payment
after 7V2
serial,
or
issue.
date
from
from the
years
on
any
and
date
of
The bonds will be sold for
not less than their par value with
accrued interest, and all bidders
must state
the
lowest rate of
terest at which
the
bonds
trustees
ject
/Minn.
Bond Sale—The
$32,000 coupon
after
may be redeemed on any inter¬
est payment date from and after
will be redeemable in full
Bond Exchange—It is stated
by
O. W. Nickey, City Clerk, that the
for sale without
instal¬
during a period of 15 years
from the date of issue. The bonds
-
,
semi-annual
ments
in¬
they will purchase
at par.
The board
of
the right to re¬
and all bids.
All bids
reserves
any
other than by or on behalf of the
State Board of Land Commission¬
ers
must
be
accompanied
certified check in the
of
the
amount
bid,
the
order
of
the
sum
by
of
Clerk.
S. Patent Office) William B. iDana Company, Publishers, 25 Spruce Street, New .York, BEekman 3-3341.
Herbert D. Seibert, Editor and Publisher:
Seibert, President; William D. Riggs, Business Manager.
Published twice a week [every Thursday (general news and advertising issue) with a statistical issue on
Monday]. Other
offices: Chicago—In charge of Fred H.
Gray, Western Representative, Field Building;(Telephone State 0613),: London—Edwards & Smith, 1 Drapers'
Gardens, London, E.C. Copyright 1942 by William
B. Dana Company.
Reentered as second-class matter February 25, 1942,'at the post office at-New York, N.
Y., under the Act of March 3, 1879.
Subscriptions in United States and Possessions.
$26.00 per year; in Dominion of Canada, $27.50 per year. South and Central America,
Spain, Mexico and Cuba, $29.50 per year; Great Britain. Continental Europe
(except Spain). Asia. Australia
and Africa, $31.00 per year.
fJOTE: On account of the fluctuations in,the rates of exchange, remittances for foreign subscriptions and
advertisements must be made in New York funds.
William
Dana
a
5%
payable
to
~
THE COMMERCIAL &
11964
of
chase
Jersey (State of)
New
NEBRASKA
exceed optional
$738,200. not to
interest coupon or registered
6%
Monday, May 25, 1942
FINANCIAL CHRONICLE
the
at
June 1, 1942.
on
Town
office.
Financial Condition
Interest ceases on date called.
bonds, as follows:
Municipalities—
$497,000
general
improvement
Commissioner of
NEW YORK
bonds of 1942. Due in annual
J. Hughes states that $8,000 re¬ Local Government, has just issued
installments from 1943 to 1961
Albany County (P. O. Albany),
funding bonds have been sold.
a comparative report showing fur¬
incl.
NY.
ther
reduction of
bonded and
Humphrey, Neb.
154,000 improvement bonds of
Bond Offering—John M. Smith,
floating indebtedness and an in¬
1942.
Due in annual install¬
Additional Information — It is
County
Treasurer, will sell at
crease
of tax collections in the
ments from 1943 to 1954 inch
now reported that the $18,500 re¬
public auction at 11 a.m. (EWT)
local units of the State.
The
62,000 water improvement bonds on
funding bonds sold to the WachobMay 28, $1,100,000 not to ex¬
Commissioner
issued a similar
of 1942. Due in annual install¬
Bender Corp. of Omaha, as noted
ceed 6% interest coupon or regis¬
statement in 1940, showing the re¬
ments from 1943 to 1958 inch
here in January, were purchased
tered bonds, as follows:
duction of debt between the dates
as
25,200 school bonds of 1942. Due
2V2S, at par, are dated Sept. Dec.
$500,000 tax revenue bonds of
31, 1935 and Dec. 31, 1939, for
in annual installments from
1, 1941, and mature on Sept. 1:
1941, issued to pay tax antici¬
capital debt and between Dec. 31,
1943 to 1967 inch
$2,000 in 1942 to 1949 and $2,500 1933 and Dec. 31, 1939, for float¬
pation notes. Due $125,000 anin 1950.
Optional after Sept. 1,
All of the bonds will be dated
ually on June 1 from 1943 to
ing debt. This comparison is now
1946.
Interest payable M-S.
1946 incl.
'
\
extended to Dec. 31, 1941, and May 1, 1942. One bond for $200,
discloses a further capital
debt others $1,000 each. The combined 400,000 highway and bridge
NEW JERSEY
bonds. Due $40,000 on June 1
reduction for 1940 and 1941 of maturities, with payments due on
Camden County (P. O. Camden), 8%, as compared with a previous May 1 of the various years, are as
from 1943 to 1952 incl.
N.J.
follows: $44,200 in 1943; $40,000
reduction of 0Vz% for the years
100,000 public works, series A
from 1944 to 1948 inch; $45,000
bonds. Due $20,000 on June 1
Proposed Bond Issue — The 1936, 1937. 1938 and 1939.
from 1949 to 1954 inch; $30,000
from 1943 to 1947 incl.
Board of Freeholders passed on
The reduction of floating debt
in 1955; $35,000 in 1956 and 1957;
final reading an ordinance to is¬ of all counties and municipalities
100,000 public works, series B
$33,000 in 1958; $31,000 in 1959
bonds. Due $10,000 on June 1
sue
$5,000 swimming pool bonds was
80.2%
over
the : six-year
and 1960; $23,000 in 1961, and $1,from 1943 to 1952 incl.
or bond anticipation notes.
period of 1934 to 1939, inclusive, 000 from 1962 to 1967 incl. Bid¬
All of the bonds will be dated
while in the two-year period, 1940
Hackensack, N. J.
der to name a single rate of in¬
June 1, 1942. Denom. $1,000. Bids
and 1941, the reduction was 8%.
Bond Sale—The $210,000 cou¬
terest, expressed in a multiple of are to be for all or none. Rate of
Gross
capital debt on Dec. 31,
% or 1/ 10th of 1 %.
Prin. and interest to be in multiple of l/10th
pon or registered general refund¬ 1941
was, for counties, $132,752,int. (M-N) payable at the City
ing bonds offered May 18—v. 155,
of 1%. The first bidder will name
896 and for municipalities, $712,Treasurer's office, or at the Broad
p. 1797—were awarded to Halsey,
the rate of interest and the price
757,349, or a total of $845,510,245. Street National
Bank, Trenton.
Stuart & Co., Inc., New York, as
Floating debt of counties
and The sum required to be obtained bid and bidding will proceed for
2.10s, at a price of 100.179, a basis
bonds bearing such rate or lower
municipalities was $37,013,680.
at the sale of the bonds is $738,of about 2.08%. Dated June 1,
rate until the bonds are awarded.
Mr. Darby also gives data for
1942; and due Dec. 1, as follows: 69 municipalities with a popula¬ 200. A certified check for 2% of All of the bonds must bear the
the bonds offered, payable to or¬
$10,000 from 1944 to 1946 incl., tion of
10,000 and over.
Gross der of the city, is required. Legal same rate. Prin. and int. (J-D)
and $15,000 from 1947 to 1958 incl.
payable at the State Bank of Al¬
capital debt of these places on
Heoffered by the bankers to yield
opinion of Hawkins, Delafield &
bany, Albany. Bonds will be de¬
Dec. 31,
1941, was $576,126,086,
from 1% to 2.15%, according to
Longfellow of New York City livered on or about June 9 at the
a
reduction of 7.17%
from the
will be furnished the successful
maturity. The bonds are general
Dec. 31, 1939 total.
Floating debt bidder. In the event that prior to First National Bank of Boston, or
obligations of the city, payable
at the New York Trust Co., New
was $22,352,209, a reduction of 6%
the delivery of the bonds the in¬
from unlimited ad valorem taxes.
York. Legal opinion of Sullivan,
over
the Dec. 31, 1939, figure.
Improved
Concord, Neb,
E.
Clerk
Sold—Village
Bonds
1947.
Nov; 1, 1942, and sub¬
sequent coupons attached.
Payable
Treasurer's
33,000 3% highway improvement
bonds.
Dated May 1, 1939.
Due $3,000 on May 1 from
1946 to
1956 incl.
Nov, 1,
1942, and subsequent coupons
for
Reported
Walter R. Darby,
attached. V;
Other bids:
.'^Bidder—
int. Rate
White.
Weld
&
Co.
and
Kean, Taylor & Co
2.30%
M. M. Freeman & Co
2.40%
B. J. Van Ingen & Co., Inc.,
.NSand J. S. Rippel & Co...
2.40%
Ira Haupt & Co., H. B. Boland
&
Co.
and Dolphin
100.11
100.27
on
100.20
000
L.
Preim
Allen &
&
Co.
C.
C.
Co..
and
100.09
"
Penns Neck
Lower
$10,000
street improvement bonds
City Na¬
3V2%
sold recently to the
was
tional Bank & Trust Co. of Salem.
was
discovered
afterward that while interest was
for
waived
after
the years
1933,
penalties for that and the pre¬
the
overlooked.
ceding year were
Principal effect of the bill may
be
to
weaken Attorney
Gen¬
,
Montclair, N. J.
"
Offering—Joseph D. Mc-
Bond
Clerk,
,Ktee, Town
until 8:30 p.m. (War permit a solution on its merits of
May 26 for the purchase the question whether the Legisla¬
$1,095,000 not to exceed 6% ture had a right to waive the
time)
on
interest coupon or
registered re¬ penalties.
consisting
$975,000 general and $120,000
funding bonds of 1942,
of
consti¬
bids
sealed
of
eral Wilentz's attack on the
will receive tutionality of the 1941 law and
$1,000.
Due June 1, as
$10,000 in 1947 and 1948;
Denom.
Wilentz
are
raised by
wiped out by the new
objections
companion
a
measure
to
a
bill passed May 1. The new meas¬
waives
delinquent
$15,000, 1949; $80,000, 1950; $120,- interest thought to have been re¬
It also makes
000, 1951; $125,000, 1952; $145,000, mitted last year.
1953; $130,000, 1954; $140,000 in available immediately more than
follows:
and
1955
1956;
$120,000 in
yless
than
for
than
which shall be not
$1,095,000
nor
more
$1,096,000. A certified check
$21,900, payable to order of
the town,
is required. Legal opin¬
Delafield
&
Longfellow of New York City
ion
of
Hawkins,
will
be
furnished
bidder.
to
In
the
the
successful
event that
prior
delivery of the bonds the
the
$6,600,000
1957 $10,000,000 paid under the 1941 tax
$60,000 in 1958.
Bidder to
name a single rate of interest, ex¬
pressed in a multiple of lk or
l/10th of 1%. Prin. and int. (J-D)
payable
at
the First National
Bank & Trust Co., Montclair, or
at the Town Treasurer's office.
Bidder to name the amount bid
and
for the bonds,
ure
laws, now held in escrow.
The
companion bill passed May 1 fixes
a
ceiling on franchise taxes to
small railroads from what
save 10
they
contend
confiscatory
was
'
taxation.
from 1944 to
—
Bidder to
1947 incl.
single rate of interest, ex¬
income^ieceived by private hold¬ pressed in a
multiple of % or
ers froiaPnonds of the same type
l/10th of
1%,
Prin.
and int.
and
ch^acter shall be taxable by
a
(J-D)
tax
Bank of Palisades Park.
law, the successful bidder
may, at his election, be relieved
of his obligations under the con¬
tract to purchase the bonds and
in
such case the deposit accom¬
panying bis bid will be returned.
The purchaser will be required to
take up and pay for the
bonds at
payable
the
at
time
vown
as
Co., of New York, at such
may
upon
be specified by the
reasonable
notice
the purchaser.t>
to
2^s, due
on
July
in
000.
$14,000
A
nished
nor
certified
the
J
■
<
Bond
playgrounds
and
—
1 in 1955 to 1962.
Offered
Miller, City Comptroller, will
ceive
sealed
(EWT)
on
bids
May
28
until
for
re¬
Coffin
and
Co.
&
Securities
:
106 23
'
Burr
&
106.102
and Estabrcok
Corp.
106.06
Co.
&
Harriman
Ripley
Barney
Smith,
& Co., Inc.,
& Co..,..
Mercantile-Commerce
and
Co.
A.
G.
Bank
Becker
Certificate
106.039
Trust
&
&
'
and
Co.....
Offering
106.030
John
—
Lynn, City Comptroller, will re¬
ceive sealed bids Until 10 d m. on
May 26 for the purchase of $450,certificates
000
Dated
of
indebtedness.
June
1, 1942. Denoms. to
suit purchaser. Due July 31, 1942.
Issued
in
tion of
the
meet
collec¬
This amount
taxes.
be
to
required
operating
current
to
ex¬
of the city until July 31,
penses
funds will
sufficient
when
of
anticipation
1942
estimated
is
hand from
the
collection
be
on
for the
Bids to be for
second half taxes.
The legal opinion
of
Marshall, Trimble &
Mitchell, of New York, will be
provided by the city.
all
or
none.
Caldwell,
York (State of)
Sale—Joseph V. O'Leary,
New
Note
announced the
on May 18 of
bear¬
ing 0.375% interest, dated May 19,
sale
an
bill
au¬
provisions."
Larchmont, N. Y.
Manufacturers
Sale—The
Traders
Co.
Trust
awarded
on
by
allotment
issue of $50,000,000 notes,
1942, and due Oct.
19, 1942.
Gasoline Tax Revenues Decline
Buffalo
of
Associated
—An
Press
show a decrease
18,000,000 gallons
from the first quarter of last year,
the Commission said.
Motor fuel tax collections dur¬
of 1942
quarter
of
than
more
May 20 an issue
Y.
$331,000
Sale—The
Collections amount¬
$3,125,094 during April, an
increase of $643,508 over a year
liquor sales.
Mount Vernon, N.
urer
June
is
1,
—
calling
bids
the
The Town Treas¬
for
entire
pon
cou¬
ed
to
or
the sinking
54,000
Sealed
Gallup, N. Mex.
Bond. Call
J.
106.542
..,
sion and move into an important
attached
Farmington, N. Mex.
Bonds
bidder.
Charles
106.77703
106 561
registered bonds, held by
ago.
funds, offered for sale
Governor Lehman Flans to Re¬
on May 19—v. 155, p. 1884—were
tire for
War Work — Governor
and $10,000 as 2V4S, due on awarded
to
First
of
Michigan
Lehman announced from Albany
July 1 in 1955 to 1962.
Corp., and Hornblower & Weeks,
on
May 7 that his tenure as the '
29.0001 street opening* and im¬ both of New York, jointly, at par
provement bonds; $13,000 as plus a premium of $22,433.80, State's Chief Executive, now of
10 years' duration, was nearing an
2s, due on July 1 in 1945 to equal to 106.7777. The bonds sold
end. In three short sentences he
1954, and $16,000 as 2%s, due were as follows:
took himself completely
out of
on July 1 in 1955 to 1962.
$91,000 3% public works projects the
picture as a possible candi¬
150,000 municipal airport bonds;
% bonds.
Dated June 1, 1940.
date for a fifth term, and left in
$46,000 as 2s, due on July 1
Due $13,000 on June 1 from
doubt only the exact date when
in 1945 to 1954; the remaining
1943 to
1949 incl.
June 1,
he will vacate the Executive Man¬
$104,000 as 2V4C, due on July
1942, and subsequent coupons
$10,000 as 2s,
July 1 in 1945 to 1954,
bonds;
on
check
Offering
boncts
Rate Bid
Kidder, Per.b&dy & Co. p.nd F. S,
Mcseley & Co.
...................
Nationnl City Bank of
New York;.
Shields & Co. and White, Weld & Co.
C.
F.
Childs & Co., Ira Haupt &
Co.,
Sherwood & Co.
and Newburger, Loeb & Co
E. H., Rollins & Sons, R. D. White
of county government in
Bond
public
due
Amount
Trenton, N. J.
Authorized—A
of budgetary
Bond
&
2^4s,'due on July 1 in 1955
more
successful
bids for the
Bidder—
Union
to
maturity.
the following:
were
thorizing the county
to issue
$600,000 in bonds to pay an ac¬
cumulated deficit has been signed
was
1955 to 1962.
than $15,- were reecived until 10 a.m. on
for $280, May 25 (today), by I. J. Coury,
payable to order of the borough, Town Clerk, for the purchase of
is
required.
Legal
opinion
of $12,000 not exceeding 6% semiHawkins, Delafield & Longfellow ann. airport bonds, approved by
of New York City will.be fur¬ the voters on April 7.
than
other
0.50%
ing/ April—based on March sales
94,000
sanitary sewer
bonds; of $10,000 public works bonds as —totaled $4,882,654, a loss of
than
$400,000
compared
$38,000 as 2s, due on July 1 1S/4S, at a price of 100.10, a basis more
Dated July 1, with April, 1941. Cigarette taxes
in 1945 to 1954; the remain¬ of about 1.72%.
1942.
Due $2,000 on July 1 from also showed a substantial decrease
ing $56,000 as 2 %s, due on
1943 to 1947 incl.
Interest J-J. in April, totaling $1,867,357—a
July 1 in 1955 to 1962.
14,000
fire
protection
bonds; Legality approved by Dillon, Van- $100,000 drop from 1941.
Compensation for this loss in
$10,000 as 2s, due on July 1 dewater & Moore of New York
revenue
was
found in beer and
in 1945 to 1954, and $4,000 as City.
1
the office of the Continental Bank
& Trust
The coupon semi-
National
bid for the bonds must be not less
to
State Comptroller,
penses
$140,000 as
.
the terms of any Federal income
yield from
according
to
Among
burgh), N. Y.
$198,000 storm sewer bonds; $58,000 as 2s, due on July 1 in
1945 to 1954; the remaining
parks
Mary E. Mc~
Gee, Borough Clerk, will receive
sealed
bids until
8 p.m.
(War
time) on May 26 for the purchase
of $14,000 not to exceed 6% inter¬
est coupon or registered improve¬
ment bonds.
Dated June 1, 1942.
Denom. $1,000.
Due June 1, as
follows: $2,000 in 1943 and $3,000,
name
—
follows:
20.000
Palisades Park, N. J.
1960
dispatch
contained in the Rochester "Timesby Governor Lehman,
with a
ann.
bonds aggregating $505,000,
Union" of May 15, stated as fol¬
offered
for
sale on May
19— warning the county's fiscal af¬ lows: As gasoline rationing got
fairs have been managed "with¬
v.
155, p. 1644—were awarded to
under way today, the State Tax
out legal authorization."
a
syndicate composed of E. F.
Commission, reported taxable mo¬
Approving
the
measure,
the
Hutton & Co. of New York, Hill
tor fuel sales for March this year
Governor
is
reported
to
have
& Co. of Cincinnati, the City Na¬
were nearly 10,000,000 gallons be¬
stated that county officers have
tional Bank & Trust Co., and Solow March, 1941. Taxable gallon"illegally
made
and
renewed"
den & Co., both of Kansas City,
age sold in March was 123,457,042,
loans, and that "the proceeds of
at a price of 100.031, a net inter¬
compared with 133,435,395 gallons
such loans were used to meet ex¬
est cost of about 2.19%, divided as
a year ago.
Figures for the first
Bond Sale
to 1958.
Bond Offering
from
to
prices
2.10%,
(P. O. Platts-
Clinton County
excess
Technical
Dated June 1, 1942. bill,
water issues.
Albuquerque, N. Mex.
1
Aug. 1, 1942, and
ful bidders reoffered the bonds at
bidder.
Bonds
controversy
tax
It
passed.
were
incl.
subsequent coupons attached.
Reoff ered-~The success -
of his required to be furnished by each
relieved
be
NEW MEXICO
compromise set¬
a
the
of
tlement
Township
Salem), N. J.
O.
(P.
bills, effecting
Bonds Sold—An issue of
election,
last year when
Edison
Governor
100.51
2.70%
his
1932 and
for
taxes
j
Bonds
received by private holders
Donovan
&
Heenehan of New
and York
City will be furnished the
character shall be taxable by the successful
bidder.
A
certified
terms of any Federal income tax check for
$22,000, payable to or¬
law, the successful bidder may, at der of the County Treasurer, is
.
A.
P.
Dunning & Co............
♦
Bid lor $209,000 bonds.
May 18 a bill waiving $6,600,interest owed by railroads on
unpaid
100.17
2.40%
Co.
by
*1
>
Feb.
on
1962
from bonds of the same type
1933. obligations under the contract to
This measure was assailed vig¬
purchase the bonds and in such
orously by Mayor Frank Hague case the deposit accompanying
of Jersey City, who broke with his bid will be returned.
_
„
Bill
Legislature — Both
Houses of the Legislature passed
Fassed
Fenn & Co., Inc.,
Colyer,
Robinson &
and
Hi.
Rate Bid
2.40%
Co.
Phelps,
000
come
Tax-Waiver
R ai 1 r o a d
>
21,000 2.80% school library bonds.
Dated Feb. 1, 1937. Due $7,-
*■
■
payment
issue
of
on
6%
extension
bonds,
dated
11 .a.m. sewer
the pur¬ June 1, 1922, due on June 1, 1952;
3%
relief
home
Dated May 1,
bonds,
1939. Due May
1, as follows: $7,000 in
and 1944 and $8,000 from
home relief bonds.
1940. Due $15,000 on June 1 from 1945 to
1950 incl.
June 1, 1942, and
3%
Dated June 1,
attached.
42,000 3% home relief bonds.
Dated May 1, 1941.. Due $21,subsequent coupons
on
Bond Sale—The $14,500 coupon
or
registered bonds unsuccessfully
offered
fered
tached.
000
Ocean Beach, N. Y.
1943
1945
to
1949 incl.
Nov. 1, 1942,
and subsequent coupons at¬
90,000
spot in the war effort, in Wash¬
ington or elsewhere.
May
1
in
1946
and
on
on
April 14,
were
ville
re-of¬
May 14 and awarded to
the South Shore Trust
Co., RockSale
Center, as 4s, at par.
consisted
of:
$11,000
general
bonds.
March
..from
improvement
Denom.
1,
1943
as
to
$1,000 in 1948.
$1,000.
Due
follows: $2,000
1947
incl.
and
Volume 155
Number 4075
•3,500 water bonds.
;
Due
$500
Denom. $500.
March
on
THE COMMERCIAL &
FINANCIAL CHRONICLE
1
Legality approved by Reed, Hoyt,
Washburn & Clay of New York
City.
irom
//
1943 to 1949 incl.
All of the bonds will be dated
March
Other
bids:
Manufacturers
of
&
Roosevelt
was
City
will
be
—
bonds of either issue
Bond
Sale—The $70,800 coupon
registered public works bonds notes
or
the
1942, validates acts of the city
in relation to certain
promissory
or
certificates
of
contract
to
purchase
bonds, and in such
posit
indebted-
election, be relieved of
another
balance, but
than
tions
bid
no
name
two
rates
the
purchase
lowest
the
interest
bonds
cost
to
Wilson
Notes
Bank
county, such cost to be determined
by deducting the total amount of
de¬
interest
of the bonds until their
maturities.
No
bid
less
Co.
to
NORTH
respective
for
pur¬
Wilson)
The
—
said
O.
Wachovia
of
Winston-
have
purchased
recently $25,000 revenue
0.75%, plus a premium
all
upon
to
c.
Trust
is
bid from the aggre¬
of
Sold
&
Salem
the
the premium
County (P.
N.
at
gate amount
his obliga¬
contract
will be returned.
of bonds of each rate.
The bonds
will be awarded to the bidder of¬
fering to
the
accompanying his bid
issue, and each bidder
specify in his bid the amount
more
under
chase the bonds and, in such
case,
the deposit
either
must
accompanying his bid will
be returned.
and
may
the
the
case
the
for
part of the
(having the
for
„
of
maturities)
rate
Weigold, Inc., Governor Lehman has
approved a
New York, the offer
being 100.14 series of
bidder may, at his
election, be
financing bills for the
for 5.40s.
relieved of his
obligations under
city, as follows: Chapter 871, Laws
Ossining (P. O. Osaining), N. Y.
may name one rate for
earliest
type and character shall be tax¬
able by the terms of
any Federal
income tax law, the successful
>
&
York
is required.
In the event that
prior to the delivery of the bonds
the income received
by private
holders from bonds of the same
of New
Rome, N. Y*
Financing Bills Approved
•
New
certified check for
$3,000, payable
to order of the
County Treasurer,
1942.
Prin. and int. Traders Trust Co., Buffalo, 0.49%,
(M-S) payable at the South Shore plus $4.90 premium; National City
Trust
Co.,. Rockville Center. Bank of New York, 0.52%, plus
City.
1
Only other bidder for the issue
of
furnished the successful bidder. A
1,
Legality approved by Dillon, Van- $12; First National Bank
dewater & Moore of New York York, 0.57%. *
-
Hawkins, Delafield & Longfel¬
low
1965
.''•', !
than
notes at
of
$1.89.
DAKOTA
Dickinson, N. Dak.
Bonds
Sold—City Auditor C. D.
Mars states that $15,000 National
tained.
Halsey," Stuart & Co., Inc., New Chapter 872, Laws of 1942, per¬
Watertown, N. Y.
Defense airport bonds
approved
Bids must be
York, as 1.40s, at a price of mits the city to issue $62,000
Bond Election Canceled —The
accompanied by by the voters on March
28, have
100.089, a basis of about 1.379%. bonds to pay a portion of the ac¬ City Council has canceled the a certified check upon an. incor¬
been purchased by the Bank of
cumulated
Dated May 15, 1942. Due Nov.
operating
deficit; proposed election scheduled for porated bank or trust company,
15,
North Dakota, of
as
Bismarck, as
follows:
$6,800 in 1942, and Chapter 873, Laws of 1942, au¬ June 4 on the question of author¬ payable
unconditionally
to
the
2%s.
offered
$8,000
Prin.
the
May 19,
1943
int.
Chase
York City.
ited
awarded to
were
aggregating\ $266,699.50;
thorizes the city to issue bonds to
1950
incl.
payable at pay certain bonds of Union Free
National Bank, New School District No. 1 in the city,
The bonds are unlim¬ which mature in 1942.
from
and
ness
to
izing
to
(M-N)
bids
at
the sale
were
Bidder—
C.
P.
Int. Rate
Childs
Sherwocd
R.
1.40%
&
&
Co.
100.C59
and
White & Co
White, Weld & Co...
Marine Trust Co. cf Buffalo
Manufacturers
&
Traders
Trust Co. ..'
Bros
&
1 /2%
1.60%
100.09
1.70%
Bond
to
bid
sale.
in
property
at
Bond
ernor
Issue
has
basis
from
16,000
police
bonds.
from
radio
Due
1943
1946
tions
'
Storey,
for
reject
all
OHIO
approving
Cincinnati, Ohio
Thorndike,
Sinking
Dodge, Boston, will be
scribed
under
that
the
of his
to
the
voters
contingent
on
on
a
108,000 4%%
recent elec¬
said
to
Federal
a
Dated
have
000
—
operating
Authority
grade
were on
before
even
strict
follows:
of
revenues
gasoline
•
the
the down¬
the
advent of
rationing, which
just recently,
into operation
went
is
supplied by statistics on this
leading issuer of automobile toll
revenue
revenues
of
2.6%
from
responding
the
719
to
that
1941
of
the
During
operating ex¬
increased 11% from $316,$351,644 with the result
available
revenues
to
000. each. Due May
for
and
serves
month
sinking
meet
debt
totaled
8.8%.
In
funds,
retirement
$694,667,
March, the authority's
1946.
oper¬
Inc.,
tee
and
&
All of the bonds
will
1945
h/4%
100.156
Adams,
Co
l'/4%
100.076
1%%
100.029
McEn-
amounted
incl.,
Prin.
and
int.
(J-D)
100.013
coupon
100.066
D.
Co.....
Buffalo
White
&
NORTH
Co.;.
CAROLINA
bonds
•
—
'
in 1967; and
Denom.
(M-N)
in
$3,000 in 1968.
$1,000.
payable
New York
registerable
Prin.
:
in
and
lawful
int.
money
City;
as
to
bonds
(having
turities)
but
than
i
A
of
There will be
no
auction,
separate
• bid. for
each issue
less-than par and accrued
(not
20. 1943.
Notes will be made pay¬
able to bearer upon request. Pay¬
ington
interest) is required/- Bidders
able at the Central Hanover Bank:
t
-
\
'
"fl1-
)
■
{
bidder
offering
O;::.
to
are
I.
.
^
s'jiirw <UfrvwAri.il>.'
1,
follows: $19,-
as
1943
to .1947
incl.
Unlimited
bonds.
Dated
$37,000
1943 to
Jan.
1951
1,
1932.
1
from
Sept.
on
incl.
Unlimited
1925 referendum.
tax;
.199,000 4%% city's portion street
bonds.
Dated
Due Sept.
000
in
1,
1943
1944 to
Oct.
1, 1932.
follows: $23,-
as
and
1951
$22,000 from
incl.
Unlimited
tax; 1929 referendum.
105,000 4% city's portion street
the
bonds.
Dated
Jan.
1,
1933.
Due Sept. 1, as follows:
$13,000 in 1943; $12,000 from 1944
to
1950 incl. and
$8,000 in
tax;
1929
1951.
Unlimited
referendum.
rate.
90,000 3%
water
works
bonds.
Dated May
the
to the town, such cost to be deter¬
mined
eral
bonds
at
the
by
lowest
interest
•
cost
deducting
the
total
premium bid from
amount of the
the
aggregate
upon
of
amount
all of the bonds until their
respective maturities.
less than par
No
i
bonds.
Due
and accrued interest
'Bids must be accompanied by a
check upon
an
incor¬
inal
certified
of
$4,580.
the
State
Treasurer
event
prior to the
delivery of the bonds the income
received by private holders from
bonds of the
I.
.
V
I
bonds.
Due
Sept. 1 from
The orig-'
placed
by
outside
virtue
of
all
the
Unlimited tax.
Dated
Sept. 1,
as
Oct.
1, 1937.
follows: $18,-;
000
from
and
$17,000 from 1949 to 1951
incl.
1943
to
1948
incl.
Unlimited tax; 1925 ref¬
erendum.
222,000 2Vz% city's portion street
bonds.
Dated
Due
same
\
issue
Gardner Act.
for
that
on
1950 incl.
159,000 2%% city's portion street
The right to reject all bids
the
university refunding
July 1, 1935.
limitations
,
In
pay¬
earnings of the
Limited tax. '
Dated
$15,000
1943 to
porated bank or trust company,
payable unconditionally to the
levies, but also
water system.
•120,000 3%
bid of
will be entertained.
order
tax
able from the
interest
type and char¬
are unlim¬ requested
to .name the interest acter shall be taxable by the terms
obligations of the county ra^e or Yates,: not,-exceeding 6% of any Federal income tax
law,
the approving legal opinion- in multiples'of V4 of 1% ; each bid the successful bidder
may, at his
>r
t.%;»
<
*•%,
to
$18,000 from 1948 to 1950
Due
to
name
purchase
Due $21,-
tax; original
tissues all referendum.
333,000 41/2% city's portion street
,
ma¬
each
to
1, 1935. Due $10,000 on Sept. 1 from 1943 to*
1951 incl.
Payable from gen¬
Granville." The bonds
••
of
1943
1 from 1943
Unlimited tax.
incl.
incl.
The bonds will be awarded to the
ited tax
City. *and
and
rates, and each
specify in his bid the
bonds
from
Sept.
on
Due Sept.
000 from
The approving opin¬
coupon bonds
principal only; ion of Storey, Thorndike, Palmer
&
Dodge, Boston, will be fur¬
nished the purchaser.
Treasurer's office, or at the Wash¬
York
may
1
Unlimited tax; 1927
4% street refunding
1; bonds.
Dated Jan.
1, 1931.
two
bidder must
amount
bid
no
general obligations; unlimited tax;
delivery at place' of purchaser's
choice.
of
from
5149,000
is reserved.
Dated May 20, • 1942 and due Jan.
New
000
1946
City;
earliest
1
Unlimited
Dated Dec. 1, 1930.
and another rate for the
balance,
more
part
the
Sept.
on
—
for
incl.
referendum.
84,000 4% waste collection bonds.
principal only; general
obliga¬
tions; unlimited tax; delivery at
rate
Sept.
on
1950
1951 incl.
1,
•
.
& ^Trust-Uo:;"
1928 referendum.
000
re¬
County (P. O. RobbinsBidders are requested to name
:
ville), N. C.
the interest rate or
rates, not ex¬
Bond
Offering
Sealed bids
ceeding 6% per annum in mul¬
\frill
be
received
until
11
a.m.
tiples of lk of 1%. Each bid may
(EWT), on May 26, by W. E. East¬
name
one
dated
National:; Bank,
tax;
op¬
as
to
-
place of purchaser's choice.
to
-
York
registerable
$12,000
108,000 4V4 % university bonds.
Dated Sept. 1, 1930. Due
$12,-
$1,000.
payable in
1.30%
R.
&
of
hospital
1, 1930.
1943
tion of prior payment.
There will
be
no
auction.
Denom.
Smith, Barney & Co......1.40%
May 1, 1942.
Bidder to name a
single rate of interest, expressed
in multiples of J/4 or l/10th of
1%.
County
without
lawful money in New
Co.
and
Note Sale—The $1,100,000 notes,: 000 not to exceed 6%
interest
consisting of $700,000 special local coupon or registered bridge bonds
Dated
improvement and $400,000 pave¬ of -1942.
May
1,
1942.
ment reconstruction, offered May Denom. $1,000.
Due $10,000 on
15, were awarded to the Chemical May 1 from 1943 to 1957 incl. Bid¬
Bank & Trust Co., and the Central der to name a single rate of inter¬
Hanover Bank & Trust Co., both est, expressed in a multiple of 1/4
of New York, jointly, at 0.48% in¬ or l/10th of 1%.
Prin. and int.
terest, plus a premium of $14. (M-N) - payable at- the County
1966
100.03
Trust
er ling,
Secretary of the Local
Prin. and int. payable at Marine
$1,- Trust
Government Commission, at his
Co., Buffalo, with New York
358,828, a year-to-year increase of
office in Raleigh, for the
purchase
exchange.
A certified check for
7.0%. After $366,495 of operating
of the
following bonds aggregating
$520, payable to order of the vil¬
expenses and
$19,715 of miscel¬
$334,000:
Legality ap¬
laneous income, total income for lage, is required.
proved by Dillon, Vandewater & $302,000 refunding bonds. Due on
that month amounted to $1,012,Nov., 1; $12,000 in
Moore of New York City.
1950 to
049, a gain of 2.4%.
Balances
1955, $15,000, 1956 to 1959,
Available for sinking funds, re¬ South Huntington
Municipal Water
$18,000, 1960 to 1962, $21,000,
serves and debt retirement were District (P. O.
Huntington), N.Y.
1963 to 1965,
$24,000, 1966 and
Bonds Authorized
$594,990, or 6.5% larger than a
The Town
1967, and $5,000 in 1968.
Board
of
year earlier.
Huntington
recently
32,000 school refunding bonds.
For the twelve months ended voted to issue $11,000 water ex¬
Due on Nov; 1; $1,000 in 1952
April 30, operating revenues of tension bonds,
and 1953, $2,000 in
1954, $3,the authority, reflecting the gains
000 in
1955, $1,000 in 1956
Washington County (P. O. Cam¬
shown in months prior to April,
and 1957, $2,000 in
1958, $3,000
bridge), N. Y.
amounted to $18,638,520, an in¬
in 1959, $1,000. in
Bond Offering—M. M.
1960, $2,000
Parish,
crease of 7.9% over the preceding
in 1961, $3,000 in
County Treasurer, will receive
1962, $1,000
twelve months.
in 1963, $2,000 in
sealed bids until 3 p.m. (EWT) on
1964, $3,000
T
in 1965, $1,000 in 1966, $2,000
: Rochester, N. Y.
May 26 for the purchase of $150,-
revenues
to
100.14
,i........
Pressprich
Graham
be
1964
4V4%
general
bonds.
Dated June
Due
1955; $8,000, 1956; $10,000,
1957; $15,000, 1958; $16,000, 1959;
$15,000, 1960; $16,000, 1961; $18,000, 1962 and 1963, "and $19,000.
1.30%
1.30%.
W.
and
Interest M-N.
$3,000 in
Y..
Rate Bid
Childs
&
Co., Sher¬
& Co. and Newbur-
Marine
and
N.
L-oeb & Co
Estabrook & Co. and Kidder,
Peabddy & Co
George B. Gibbons & Co.,
R.
1944
of
ger,
fol-
Denom. $1,000. Due May 1, as
$2,000 in 1943 and
last
.
wood
follows:
re¬
down
as
Nat'l -Bank
P.
C.
10,000 street improvement bonds.
charges declined to $1,111,700 from $1,196,527 in April,
1941, a decrease of 6.3%.
Net
ating
'
and
Chass
est m-n.
interest
available
1,
$229,000 street and general
bonds.
Dated June
funding
Finance.
Bidder—Int. Rate
Tows: $2,000 from 1943 to 1945
incl. and $1,225 in 1946. Inter¬
1
t
bonds.
96,000
1942.
Due on June 1, as follows:
$3,000 in 1944, $4,000 in 1.945 and
1947, $5,000, 1948; $3,000, 1949;
$4,000, 1950; $5,000, 1951; $6,000.
1952; $8,000,
1953; $7,000,
1954
\
$1,-
'
of
lowing:
V"
7,225 series B general bonds to
pay
tax
anticipation notes.
One bond for $225, others
cor¬
month.
period
same
penses
those
of
payable at office
City will be furnished the suc¬
cessful bidder. Among other bid¬
ders at the sale were the fol¬
incl. Interest Jan. 1, 1943, and
thority for April were reduced to
$1,444,760, representing a decline
(J-D)
Commissioner
Legal opinion of Hawkins, Dela¬
■
au¬
int.
the
field & Longfellow of New York
r
J-Jl thereafter.
of the
of
•
■
supported bonds.
Operating
and
$8,750 series A general obligation
bonds to pay tax anticipation
f
notes.
One bond for $750,
others $1,000 each. Due Jan.
1, as follows: $2,750 in 1943
and $2,000 from 1944 to 1946
university
Sept. 1,1929. Due $12,Sept. 1 from 1943 to
on
1951 incl. Unlimited
tax; 1927
referendum.
grant.
50,000 series 7 general bonds of
has
Waynesville, N. C.
Sloan, N. Y,
approved the Hill
1942. Due $10,000 on June 1
Bond Offering —Florence KisBond
Chapter 854, Laws of 1942,
from 1943 to 1947 incl.
Offering — Sealed bids
t
authorizing the village to issue towski, Village Clerk, will receive
85,000 home relief bonds. Due will be received until 11 a.m.
$51,000 bonds to fund outstanding sealed bids until 2 p.m. (EWT)
$17,000 on June 1 from 1943 (EWT), on May 26, by W. E. Easton
certificates of indebtedness.
May 28 for the purchase of
to 1947 incl.
erling, Secretary of the Local
$25,975 not to exceed 5% interest
All of
the
bonds
are
dated Government Commission, at his
Port cf New York Authority, N, Y.
coupon or registered bonds, as June 1,1942. Denom.
$1,000. Prin. office in Raleigh, for the purchase
Revenues
Lower
Evidence
that
Unlimited tax; 1925 ref¬
erendum,
as
Port
sewer bonds. Dated
1, 1926.
Due $12,000
Sept. 1 from 1943 to 1951
March
incl.
are
155,
v.
Board of Trustees:
approved the issuance of $175,000
water system
improvement bonds,
1952 incl.
previously noted in
$108,000 4xk%
pur¬
Lehman
Bill
as
1885, consist of the following
obligations, according to Arnold
E. Maj oewsky,
Secretary of the
Bern, N. C.
Bonds Voted—At
tion
incl.
De¬
—
May
26',
will be returned.
New
1
Offerings
p.
obliga¬
contract
Fund
The
$2,616,000 bonds
held in the investment account of
the city sinking fund and
being
offered for award at noon on
purchaser.
event
accompanying his bid
to
June 1
on
to
election, be relieved
50,000 highway acquisition bonds.
Due $5,000 on June 1 from
1943 to
the
equipment
$4,000
1943 to
of
Treasurer
The
chase the bonds
and, in such case,
the deposit
1949 incl.
Village Armstrong
The
—
l
right
reserved.
enter¬
bonds of the same
type and char¬
acter shall be taxable
by the terms
of any Federal income tax
law,
the successful bidder
may, at his
Sale consisted of:
June
on
State
be
prior to the
delivery of the bonds the income
received by private holders
from
cou¬
offered
14,000 Mamaroneck Valley San¬
itary Sewer bonds. Due $2,000
will
the
furnished the
Due $2,000 on
June 1 from 1943 to 1949 incl.
approved the
is
In
a
bonds
The
Palmer &
White
$229,000
bonds
of
opinion
$14,000 park bonds.
Bill as Chapter 843,
Clerk will receive sealed bids un¬ Laws of 1942, authorizing the city
til 11 a.m. on
May 27 for the pur¬ to issue.$635,000 bonds to fund a
chase of $20,000
refunding bonds. portion of the accumulated deficit
resulting
from
unpaid
assess¬
Port Chester, N. Y.
ments.—V. 155, p. 1724.
Proposed Bond Issue—Governor
Offering
bids
Central
price of 100.055,
a
of about 1.18%.
tax
Y.
Signed—Gov¬
Bill
Lehman
Sale—The
1.20s, at
Schenectady, N.
100.03
the
the
$6,680.
dis¬
Company.
registered
or
V"'...
100.08
Pleasantville, N. Y.
.
of
the
May 20 were awarded to the Na¬
tional City Bank of New York, as
up to $18,000 bonds to
tax discounts and provide
100.21
1.75%
1.73%
Hutzler,...
funds
100.092
•
Bond
pon
issue
cover
Co.
D.
Salomon
to
Rate Bid
of
Westchester County (P. O.
Plains), N. Y.
sold and for .work and labor; the
Williams Bill empowering the city
as
follows:
^
system
New York Power
tax
Other
„
purchase
of
order
issue of $1,174,000 bonds
an
finance
tributing
The Governor is said to have
obligations of the town
vetoed
the
and the approving legal
following measures:
opinion
of Dillon, Vandewater &
C. D. Williams Bill to empower
Moore
Of New York City will be fur¬ the city to issue $9,483.77 bonds
to pay vendor's claims for goods
nished the successful bidder. >
all
r
,
*
V
$37,000
1943
to
July
Sept.
1,
1938..
from.
incl.
Unlimited
'tax; 1929 referendum.
1948
on
1
.
.
436,000
■
2VZ%
general
bonds. 7 Dated Aug.
hospital
1, 1940..
1943
Bonds Authorized
1951 incl.
—
Municipal¬
ity plans to sell an issue of $15,000
3% special assessment street and
sewer bonds.
They will be dated
Sept. 1 from 1947 to
not later than May
Unlimited tax; 1937
1, 1942, in $3,-
mature $3,000 on
Oct. 1 from 1943 to 1947 incl.
000 denoms. and
referendum.
77,000 4%% sewer bonds. Dated
Oct. 1, 1923.
Due $11,000 on
Royalton (P. O.
Berea), Ohio
North
Monday; May 25,~ 1942T
Heights (P.rOhCleve- .», > 1' -. .• ^„ Okmulgee, Okla. '«- .
'' '
v Bond
Sale; —-The; following
Heights), Ohio r V W.
Bond Offering—Roy J. Madden, bonds,- aggregating
$250,000,. of¬
Director of Finance,-will*receive fered for sale on May 18—v. 155,
sealed bids until noon (EWT) on p. 1886—were awarded jointly to
June 10 for the purchase of $153,- R. J. Edwards, Inc., and the First
000 3% series of 1942-A refund¬ National Bank & Trust Co., both
ing bonds.
Dated July 1, 1942. of Oklahoma. City, at a net in¬
obligations under the terms of the
University
land
.
R. D.
1,
Due
$17,000
bid
July 1 from 1944
on
to 1952 incl.
may
Interest J-J.. Bidders
for
different
a
rate
of
terest cost of about 1.99%:
000 in
interest rate less than
an
Prin.
annum.
and int.
4%
-
of
thereof
issuance
1950, and $29,-
the
have
been
ap¬
proved by the Department of In¬
ternal
extension
works
water
entitle
and
send, Elliott & Munson, of Phila-'
delphia, and will be delivered to
the purchaser only if and after*
the
proceedings authorizing the
;
1951.
65,000
.bonds. „Due $9,000 in 1945 to
..
^
check
tified
for
2%
of .the
amount of the bonds,
1950, and $11,000 in 1951.
payable at
office of the Director
the
per
1945 to
000 in
"
sale
purchaser to the return of the
amount deposited with the bid.
The bonds are issued subject to
the favorable opinion of Town-
Due $26,-
$185,000 airport bonds.
interest in multiples, of V4 of 1 %.
These bonds can only be;sold at
V
of
contract
.
.
.
Lancaster, Ohio
250.000 23/4 % flood defense bonds.
Dated Nov. 1,1840. Due $50,on
incl.
1947
and
Oct. 15 from 1943 to
due $600 on
referendum.
000
Dated June 1, 1942,
Willard.
referendum.
112 000 23/4% flood defense bonds.
Dated Sept. 1,1940. Due $14,-.
000 on Sept. 1 from 1943 to
1950 incl. Unlimited tax; 1937
tax; 1938
.
155, p. 1798—was awarded
Willard United Bank, of
$17,000 on Sept. 1 from 13—v.
to 1950 incl.
Unlimited to the
Due
;
FINANCIAL CHRONICLE
THE COMMERCIAL &
1966
Fi¬
the
cer¬
face,
payable to
Treasurer.
District
Shawnee, Okla.
to 1949 incl.
Conditional bids will not
Bonds Sold—The $6,000 fire ap¬ nance.
Bdrid
Sale Details—The
City
This issue placed outside all
Galeton, Pa.
>
be accepted, except that provision,
Clerk states that the $130,000 air¬
limitations by virtue of the paratus bonds unsuccessfully of¬
Bond
Sale—The
$27,500
3%.
fered on Feb. 28—v. 155, p. 975— may be made by the bidder that
port' bonds sold to the Federal
Gardner Act.
Unlimited tax;
coupon
funding
bonds offered
have been sold privately, accord¬ in the Cvent that prior to:. the National Bank of
Shawnee, at a
1919 referendum.
time the city notifies the purchaser
May 15 were awarded to E. Hi.
ing to Walter L. Clements, Vil¬
net interest cost of about 2.30%
44,000 2Vz% city's portion street
that it is ready to deliver the
Rollins & Sons, Inc., of Philadel¬
—v. 155, p. 1799—were purchased
bonds.
Dated Dec. 1, 1935. lage Clerk. Dated Jan. 1, 1942,
and due $600 on Sept.
1 from bonds, the income derived from at par, divided as follows: $24,- phia, at a price of 100.789, a basis
Due $11,000 ori Sept. 1 from
Sept. 1 from 1943
-
•
be made subject
of about 2.91%.
Dated April 15,
000 as 3V4S, due $6,000 in 1945 to
1942.
One bond for $500, others
by the United States
1948;: $30,000 as 2%s, due $6,000
of America by Act of Congress or
Norwood, Ohio
in 1949 to 1953; $30,000 as 2s, due $1,000. Due April 15, as follows:
44,000 21/2% city's portion street
Bond Sale—The $30,000 coupon otherwise, the purchaser may, at
$1,000 from 1943 to 1951 incl.;.
$6,000 in 1954 to 1958; $36,000 as
bonds.
Dated Dec. 1, -1935. motor
his option, elect to withdraw his
equipment bonds offered
$2,000 from 1952 to 1959 incl.;
Due $11,000 on Sept. 1 from
2%s," due *$6,000 in 1959 to 1964,
offer/to purchase and/ refuse /de¬
May 18—v. 155, p. 1798—were
and $10,000 > as 2s, due $6,000 in $1,000 in 1960 and 1961, arid $500
1943 to 1946 incl.
Unlimited awarded to the Ohio Co. of Co¬
in 1962. Prin. and int. (A-O) pay¬
livery of the .bonds./ Issued for
1965, and $4,000 in 1966.
tax; 1929 referendum.
able at the First National Bank,'
lumbus, as IV4S, at a price of the purpose of refunding at a
72,000 21/2% city's portion street 100.29, a basis of about 1.18%. lower rate of interest
certain
Galeton. Registerable as to prin¬
bonds.
Dated Sept. 1, 1936.
OREGON
Dated
April
1,
1942,
and due bonds of the city which will may
cipal only*
The bonds and ther
■
1952 incl.
1943 to
Unlimited
1946 incl.
1943 to
the
,
to
bonds
shall
taxation
1927 referendum.
tax;
$8,000 on Sept. 1 from
1943 to 1951incl.
Unlimited
Due
from ture by call on July 1, 1942.^ The Columbia :; River Peoples Utility
$2,000 in proceedings relating to the issu¬
Dist. (P. O. Portland), Ore.
tax; 1926 referendum.
1950.
Second high bid of 100.08 ance of these bonds. have been
Bonds Defeated—Jt is stated by
All of the above bonds will be for
IV4S was made by the Weil, taken under the supervision of R. M. Burley, Attorney for the
in denoms. of $1,000.
Prin. and Roth & Irving Co. of Cincinnati.
Squire, Sanders: & Dempsey of District, that at the election held
iemi-ann, "int. (M-S in each in¬
Bond Offering—A. M. Schone- Cleveland, whose approving.opin¬ on May 15, the voters rejected the
stance)
payable at the Irving
ion may be obtained by the pur¬ proposal to issue $1,250,000 elec¬
berger, City Auditor, will receive
Trust Co., New York City, or at
sealed bids until noon (EWT) on chaser, at his ..own expense. • A tric distribution system revenue
the Provident Savings Hank &
check
for. 2%
of
the purchase bonds.
June 1 for the purchase of $5,000 certified
Trust Co., Cincinnati.
4% coupon park and playground amount of the bonds to be sold is
In connection with the offering,
Pendleton, Ore.
Dated April required.
Arnold E. Majoewsky, Secretary improvement bonds.
Oct.
1,
as
1943
to
1949
$4,000
follows:
incl., and
(
:
*
.
the
of the bonds
held in its investment account
within at least the next two and
separately for
each issue or for all or none. No
bids
will be considered unless
furnished by
the Trustees of the Sinking Fund.
In the event that prior to the
time the city notifies the pur¬
chaser it is ready to deliver the
made on blank form
shall
bonds
the
taxation
to
derived from
income
the
made
be
subject
United States
by the
by Act of Congress or
otherwise,
purchaser of the bonds may,
at his option; elect to • withdraw
his offer, to purchase and refuse
delivery of the bonds. The bonds
to be delivered and paid for at
the
of the
office
the
of the
Trustees
Sinking Fund of the city, on June
At the request of
16, at 9:30 a.m.
the
owner
bonds
coupon
be
may
exchanged for bonds registered as
to
Regis¬
principal and interest.
tered bonds
transferable upon
are
assignment. Approving opin¬
ion of the City Solicitor will be
furnished without charge.
Any
due
other
opinion must be secured at
cost.
A certified check
bidder's
first
for
3%
the
bonds bid for
the
on
all bonds in
$100,000
and
excess
for
of
1%
of $100,000
of
bid
for, and payable to the Trustees
Of the Sinking Fund, must ac¬
each bid.
company
Clarington Village, School District,
Ohio
Bond
quent
Sale—The
bonds
tax
in
$5,000
offered
delin¬
May 14
1943 to
from
of 1%. Prin.
payable at the
multiple of %
a
(A-O)
int.
and
one-half months.
Bids may be made
1
Oct.
on
_
.
2y2s, at
of
about
a price
2.39%.
and due
1942,
of 100.58,
Dated
$500
on
a
his
own
expense.
All bonds must
May
20
Bidder—
Int. Rate
Nat'l Bank, Clarington.
2\'i%
First
Roth Si Irving
Ruusch & Co
Seasongood & Mayer........
Weil,
23,4%
3l/2%
Fcx,
Rate Bid
Par
100.42
I0O.66
100.20
Green Rural School District (P. O.
p.
1645—was awarded to the
First National Bank of
2V2S, at.
as
1942,
and
par.
due
Clarington,
Dated May 15,
$200 on May 15
from 1943 to 1952 incl. Other bids:
//i/
Bidder—
Fox,
J.
A.
Int. Rate
Reusch
&
Co.....
White
&
Co,........dl,2%
Huron
Rite Bid
revenue
1942.
Dated
bonds.
March
1,
Denom. $1,000.
tional Bank of Cincinnati.
bonds offered for sale
City School? District} / -r-y.
Zanesville
100.11
100.S5
coupon
taxes, except succession or inher¬
itance
levied
taxes,
or
now
hereafter
or
assessed thereon, under
present or future law of the
Commonwealth,
all
of
which
taxes
the borough assumes and
any
to pay.
General obliga¬
tions, and will be sold and de¬
livered to the purchaser only if
and after the proceedings of such
bonds have been approved by the
Department of Internal Affairs, as
required by Article 3 of the Act
approved June 25, 1941.
agrees
Other bids: Elmer E. Powell &
Co., Pittsburgh,
Schmertz
&
100.338; Phillips,
Co.,
Pittsburgh,
100.09.
,
Harrison
•
Township
(P.
O.
Natrona), Pa.
Bond Sale—The
Feb. 16
.
.
incj
other bids:
Int. Rate Premium
Bidder—
Halsey, Stuart & Co., Inc
J.
White
A.
Reusch
&
&
Co.
and
.
.
,
lVz'/e,
0286.00
Fox,
403.00
Co
Weil,
Roth
&
Irving
Co.,
Provident Savings Bank &
Trust
Co.,
VaaLahr,
Doll
&
Iephording,
Rcose
Ohio
Pchl
&
Co.
&
and
Slier,
WW
w/w
Co......
of
Columbus
Co.;
Inc.
191.00
185.CO
176.94
.
bonds
1725
offered May
—
18—v. 155, p.
were / awarded
to
Fox,
Reusch &
at
a
about
Co., Cincinnati, as 214s,
price of 100.699/a basis of
2.18%.,
Dated
June
1,'
v
.
1942, and due
as
follows: $400 on
,
$10,000 coupori
.
present or future law of reported as follows: Following a'
survey of the financial status of
the Mahanoy City School District
taxes the School District assumes
/'• r1
and agrees to pay.
The bonds concerning bond issues due iit
OKLAHOMA
1943 and 1945 in the sum of $113,4
may be registered, as to principal
only, and /are payable from ad 000, the Mahanoy City Board of
Ardmpre, Okla.
•,
Education, at its regular meeting
Bond Offering—The City Clerk valorem taxes within the taxing
Tuesday evening, awarded
the'
states that he will receive sealed limitations imposed by law upon
livery. : Enclose
for
a
certified check
*$250, payable to the Board of
Education.
der /any
tbe/^mmohwealth, /all of/which
.
-
-
j
1
•
contract to M. M. Freemari. Sc Co.^
school districts of this class.
Is¬
May 29, for
Philadelphia,
to
supervise
the
sued -i under/authority of the Act
purchase of $100,000 airport
floating of the necessary bond is4
site purchase bonds, approved by of; the General Assembly of the
sue
to redeem the bonds which
Commonwealth, June 25,
1941,
the voters on. May 15;
will be due at that time.
P. L. 159, and to refund improve¬
After a lengthy discussion of
Enidj Ohta.
■.
ment bonds originally issued with
Bonds
Voted—At
the election, the consent of the electors.
De¬ the status by A. W. Carroll, of
held on May 12 the voters ,are
livery on or about July 15.
The Freeman & Co., who insisted that
said to have approved the. issu¬
in order to take care of the re¬
enactment, at any time prior to
ance of $99,000 water works
im/" the delivery of the bonds, of Fed¬ demption of the proposed bond.,
provement bonds by a wide mar¬ eral legislation which in terms, by issue each year in a certain sum;
gin.
the
repeal or omission of ex¬ it will be necessary for the Board
bids until 7:30 p.m. on
the
.
,
Bond Offering Not Scheduled—
emptions or otherwise, subjects to
Wilson a Federal income tax the interest
County (P. O. Norwalk), Oct. 1 from 1965 to 1967 incl. Sec- states that a definite offering date- on bonds-of a class or/character
Ohio
l.ond high bid of 100.38 for 2V4s has not .as yet been set ron; these. Which includes: these bonds, rwill,
Sale
The issue of $3,000 ><was made
by J. A. White & Co., bonds, although it will probably, at the'.election of the purchaser/
< be
sewer bonds offered Miv r^in^r, »*>.*+;
bonds offered May Cincinnati.
in the near iuture.^*;#/~c:'^ relieve the
purchaser from his
4%
payable
p. £07—were purchased
State Bond Commission,
April 1
1964
and Oct.
1
from
incl.; $400 April
1943
to
1 and $500
City Attorney George H.
■
Bond
on
be
i55r
,
Woodsheld, R. F. D. No. 5), Ohio Twin Rural School District (P. O.
Bond Sale—The issue of
CM/icoiAe), Ohio
$2,000
Bond Sale—The $20,300 school
funding bonds offered May ! 2—v.
155,
Rogers, City
will
general obligation bonds offered
May 18—v. 155, p. 1799—were
by the
purchaser at thej City Auditor's
Ohio
to
Singer,
Deane
&
at St price, of 100.76, a basis of awarded
office.
A certified check for 5%
Bond
Offering —; Charles • M.
about; 1.47%.: Dated
March
1, Scribner, of Pittsburgh, as 2s, at a
of the bonds, payable to order of
hartley,. Clerk, of the Board of 1942. Due as follows:
$l-,500 in price of 101.914, a basis of about
the City Treasurer,. is required.
Education, will receive sealed bids1.82%.
Dated June 1, 1942, and
until noon, oa June 1 for the pur¬ 1943/and-194.4, and $2,000 in 1945
Steubenville, Ohio
to 1952. :
v
;
< due June 1, as follows: $1,000 iri
Bond Sale—The issue of- $100,- chase of $19,500 1V2% coupon/de¬
each of the years 1944 and 1945,
Dated . May
000 paving bonds offered May 18 linquent "tax bonds.
1951
and
1952, 1954, 1956 and
PENNSYLVANIA
15, 1942. Denom. $500. Due Sept.
—v. 155, p. 1798—was awarded to
1957, and $3,000 in 1959.
vAltoona School District, Pcu I
Halsey, Stuart & Co., Inc., Chi¬ 15, as follows:. $3,500 in 1943, and
Bond Offering—R. L. Thomp¬ Mahanoy Township School District
cago, as l^s, at par plus a pre¬ $4,000 from 1944 to 1947 inch Bid¬
ders may bid for a different rate son, District; Secretary, will: remium of $37, equal to 100.037, a
(P. O. R. D. 4, Mahanoy City), Pa*
of interest in multiples of-V4 of ceive/sfealed" bids until/7*30 ^p;m/
basis of about 1.24%. Dated June
.Bond - Exchange Details — In[
1 %. Issued iir anticipation of the on June-16 for the purchase of
1, 1942, and due $10,000 on Nov. 1
connection with the report in
from 1943 to 1952 incl.
Legality collection of: delinquent taxes due- $115,000 coupon general obliga¬ these columns on Dec. 2
last, page
the district and for the purpose tion refunding bonds. Dated July
approved by Squire, Sanders &
1311, of the exchange of $287,000
of paying unsecured indebtedness 15, 1942. Denom. $1,000. Due July
Dempsey of Cleveland.
Second
3%, 4V2-%
and 5%
refunding
incurred prior to Jan. 1, 1942, and 15, /as follows: $12,000 from 1943
high bidder at the sale was Wil¬
bonds with original bondhblders;
liam J. Mericka & Co., of Cleve¬ under the authority of the laws to *1947> incl.' arid $11,000 from
at par, it is stated by James P;
of Ohio and Section 2293-43/ and 1948 to 1952 incl. Bidder to name
land, which bid a price of 100.68
N o o n a h,
Superintendent
of
of the Uniform Bond Act of the one of the following interest rates
for Hfcs.
Schools, that the bonds were ex-"
General; Code ot Ohio, and under to - apply; to the entire issue: 1 % /
Toledo, Ohio
and in accordance with a certain AV4rv/2, i%, 2, 2y4, '21/2, 3, 314 Changed, as follows: $16,000- ma^
turing Nov. 1, 1945, as 3s; $60,000
Bond Sale—The $104,000 cou¬ resolution of the Board of
Edu¬ 6r 3 lk %; Prin. and int. (J-J) pay¬
maturing $4,000 on Nov. 1 from
pon street improvement bonds of¬ cation, passed on May
5, 1942. The able/at the- Central Trust Co;, Al^
1946 to 1960 inci*, as 4 V2s, $211,000;
fered May 19—v. 155, p. 1725— bonds will be sold to the
highest tbona;: The bonds and the ^inter¬
maturing $1,000 Nov. 1, 1945, and
were
awarded to a group com¬ bidder for not less than
-par and est thereon will be payable with¬
$14,000 from 1946 to I960 incl., as:
posed of Stranahan, Harris & Co., accrued interest. All bids must
out; deduction for any tax or 5s. '.
•;
Inc., Braun, Bosworth & Co., and state the number of bonds bid for
taxes,/ except succession or in¬
Ryan, Sutherland & Co., all of and the gross amount of the- bid heritance
Prop0sed Refunding — The
taxes, now or hereafter
Toledo, as IV2S, at a price of and accrued interest to date of de¬ levied or assessed thereon un¬ Pottsville "Republican" of May 13.
paid for and delivered to the
be
20,
from 1943 to 1952 incl. Other bids:
Bonds Sold—G. B.
Auditor, reports the sale of $60,000 3%
sewer
system mortgage
ing sewer bonds bffered for sale
on May 18—v. 155, p. 1886—were
purchased as 1.40s, according to
the City Recorder. Dated May 20,
1942.
Due $3,000 from May 20,
1943 to 1952; optional after May
.
,
basia
May
Washington, C. H., Ohio
Due Nov. 1,
as follows:
$1,000 from 1943 to 20, 1947. Prin. and int. (M-N)
All bidders must
satisfy them¬
1946
incl.; $2,000, 1947 to 1951 payable " at- the City Treasurer's
selves as to the validity of the
incl.; $3,000, 1952 to' 1957 incl.; office.;: /
bonds before making offers. Final
$4,000 in 1958, and $8,000 from '.V'W'y/-'/ Salem, Ore.
opinion of Peck, Shaffer, Williams 1959
to 1961 incl. Prin. andrinfc*
Bonds Sold—The $19,000 1% %
& Gorman of Cincinnati will be
(M-N) payable at the Second Na¬ semi-ann.
street
improvement
furnished the successful bidder at
National Bank of Norwood..
First
,100.435, a basis of about 1.36%.
TVi 1,55\lu-.164^wer?..aw:ard!?iDated.July 1, 1942, and due $26,oi/.
v
on Jan.* 1 from 1944 to' 1947
as
1KC
\Bond Sale—The $30,000 refund¬
Due $1,-
1947
incl.
Bidder may name a dif¬
ferent rate of interest, expressed
000
tend to sell any more
bonds,
Denom. $1,000.
1, 1942.
Board of Trustees,, has
stated that the board does not in¬
of
thereon
interest
without deduction for any tax or
•
to
raise
tax rate two mills,
passed the budget for
the
the
Board
the
coming
28Vt mills
with a millage of
property and $4 per/
year
on
,
tax.The new millage-is
only one mill more than last year;
capita
Volume 155
North
Versailles
R.
F.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4075
*
Township (P. O.
1, McKeesport), Pa. v
Proposed Bond Sale—Township
Commissioners
Sell
issue
recently voted
to
of
$30,000 bonds to
provide for payment of outstand¬
an
ing obligations and to meet future
capital requirements.
Ridley Township, Pa.
\ Bond Call—Gordon L. Garling,
Township Secretary, calls for pay¬
ment on June 22, the following
2Vi% bonds: $15,000 (entire issue)
sewer bonds
of 1937, dated June
10, 1937; $10,000 (part of $42,000
issue) sewer bonds of 1936, Nos.
1, 4, 6, 7, 12, 22, 23, 24, 32 and 38,
dated March 16, 1937, in $1,000
denoms.~
The
should
bonds
be
the
Chester-Cambridge Bank & Trust
Co., Chester, Pa.
-
presented
for
to
payment
XVest Reading (P. O. Reading ),Pa.
Bond Sale—The $6,000
istered
fered
i ^
fied
fire
2% reg¬
bonds of¬
apparatus
May
19—v.
were
awarded
Trust
Co.
155, p.
to
the.
1726—
Peoples
check,
>>'
to
this bid.'
pany
J;:'
;
the chase of right-of-way for military
.
roads
accom-
and
!
.*
..
*
-
t
i'
■■
Page No.
.V,
•*.
par and ac¬
will be considered
interest
must
bids
be
Archer
Co.
O.
(P.
Bond
1643
1460
Archer
Bond
City),
Tenders
road
are
Other bids:
-
300
May 15 from 1943 to 1952
on
incl.
Butcher
&
Sherrerd,
of
Philadelphia, only other bidder,
offered a price of 100.27 for 23/4S.
ISLAND
RHODE
Cranston, R. I.
Offering — William
«
Bond
Brown,/City
Treasurer,
ceive
bids
sealed
until
A.
will
noon
on
1962 incl. Bidder to
1943 to
name
multiple
bonds
of
rate
one
Va
of
of
interest
1%.
in
a
Coupon
registered as to
principal only, or as to both prin¬
cipal and. interest. • • Bonds-and
semi-annual
interest payable
at
First National Bank of Boston, or,
at
holder's
option, at the Rhode
Hospital Trust Co., Prov¬
idence.
Legality
approved
by
Island
>
Ropes, Gray, Best, Coolidge
Rugg of Boston. Delivery on
June
8
at
Bank of Boston,
against
ton,
funds.
First
&
National
in
payment
Boston
v
-
*
Portsmouth, R. /.
Note Sale—The Fall River Na¬
;
tional
of \ Fall
Bank
awarded
the
Anderson
on
May
14
River
an
was
issue
of
at 0.38% dis¬
17, 1942. Other
bids: Rhode Island Hospital Trust
of
Oct.
also
stated
that
Page No.
Name
,«•%
.
:
Austin, Tex.
1721
Bainbridge,
1642
_"___l3/4-3
Ga.
Baker
County,
1726 Bastrop, .Tex.
Ga.
Belvidere,
Bend,
1726
Big Spring, Tex.
1646
Y.
(2
Mass. * (2
•;
-*'■
Sioux
S.
Brownwood,
Tex.
__—___22__-—2-3 ;./.*
2
1,
of
the
following
coupon
aggregating $400,000:
C
(2
1723
1463
.•
Creighton,
Dallas,
—3V2-4
-
1957.
A
$7,000 certi-
Middleport,
D.
of)
•"
Ore.
Ohio
1943-1972
2,000,000
101.24
1.40
270,000
100.26
3.18
1943-1952
19.257
1943-1952
85,000
lob". 05
1.28
2.15
__2V4
1943-1962
10.000
100.93
2
-.
1944-1963
35,000
100.22
:
Minn.
1943-1962
150.000
100.03
1943-1952
r2,000,000
100.14
T.47
1943-1962
989,500
100.26
1.56
35,000
100.36
1.60
Mont.
1V2
;
111,000
Morrisonville, 111.
Muskogee, Okla.
Myrtle Creek, Ore.
1726
Nacogdoches Co. Com. D. 13, Tex._334
4
1563
Norfolk,
Norfolk, Va.*(2 issues)—
Nueces
1726
Pasco S. D.
1562
Patterson,
30,000
Pine
1943-1967
3Vb
D.
i
5,
,
1944-1968
d25,000
2V2
Dak
51, S.
1943-1962
3
7*9,000
18,834
.
W.
Va.
l3/4
1943-1956
101.69
1.52
1%
1947-1951 '■
7*350,000 !■
100.04
1.36
Portsmouth,
Ohio
2V4
1946-1955
rl67,000
101.29
2.08
Portsmouth,
Ohio
1%
1943-1951
100
r.75
1724
Poughkeepsie, N.
Y.
__1.30
1943-1959
7*150.000
100.18
1.28
Poughkeepsie, N.
Y.
1.30
1943-1952
50,000
100.18
1.28
Ramsey County, Minn.
IV*
1943-1952
493,000
100.02
1.24
1726
Raymondville,
4
1944-1957
100
4.00
1646
Riddle, Ore.
1459
1462
(2 issues)
Tex.
Ross
Twp. Sch. Twp., Ind.
St. Thomas, N. Dak.
Minn..
1460
East Grand Rapids,
Ky.
1722 ElizaS;thtown,
Elkhart County,
1726
El
Paso,
Mich.—a,
Tex.
1723
okla.
Fairbury, Neb.
1563
Fair Lawn S.
1645 El
1461
.1464
1722
1722
1461
Reno,
D.. N. J.
100.17
3.23
100-31
1.19
1943-1961
250.000
South
Short
Ind.
13/4.
75.000
ToT.32
2! 38
1.949-1960
7*143.000
J 01.32
2.38
1944-1965
dllO.OOO
100.02
1.69
1.70
rl9.379
1943-^957
3V2
100.28
1.88
70,000
^
A—______-_^-2y4-
1944-1947
4.000
100.57
2.Q8
N. Y: ■;£&
^2.10
1943-1962
r310.000
100.35
2.05
1462
Trov,
N. Y.
2.10
1943-1952
168.800
100.35
2.05
1.30
1943-1946
14.000
100.07
1.27
Ohio
^^.4y2
issues)
1644 Tuckahoe. N. Y.
i__'
(3
of New
.
:
Univ.
Viola. Wis.
1643
Waltham,
Wapakoneta,
1645
Warren,
1463
Warren
1723
Warren Twp. S. D.
Washougal, Wash.
Waverly, Ohio:
1725
Weatherford,
West Seneca S. D.
v ^.
d300,000
•_
_^_1,
___A
d75,000
--:
.
102
-
1564
Zanesville
Zion,
Total
2.76
;
1943-1952
10.000
r68.272
100.67
1.02
1943-1951
17.500
100.69
2.13
2.'/4
1943-1947
35.000
100.16
2.i0
2y4
1944-1952
9.000
100.16
2.22
1943-1962
58.000
100.62
1.93
Tom
Y.24
100.29
2.21
^__T
_2
—
100.63
100.01
4.950
2»/4
1942-1971
2'/4
5, N. Y._
1.54
1.19
100.88
2.08
100.86
should
is
1944-1956
13.000
iy2-4
1943-19*7
1,000.000
100.02
1.53
__^__-_2.70
1943-1954
12,000
100.15
2.68
3/4
1947-1951
7*255.000
100.72
1.63
1V2
1943-1957
74.000
100.31
1.46
19.500
100 71
1.04
22.000
100.56
of)
1943-1947
'/4,
_:„l_-___-^^l3/4
bond
sales for
fc Not
April
(153
municipalities
issues)
separate
187
v
including
$56,247,085
$112,860,736
100.89
issues
included, in
eliminated for
be
same.
given for reference purposes.
2.39
temporary
loans
r
"
Name
" V
Rate
our sales
for previous months
Page number of the "Chronicle"
1
"
V
1647
King Co. Sew.
,
5,000 "
Maturity
C
100.20
•
Amount
Price
Basis
"*
$45,000
learned
also
in previous
Name
of
the
months:
l
--"v
following additional
-
Rate
____
sales
Maturity
)95i-ift«o
Amount
1943-1952
8.000
100.58
1.71
1563
Philipsburg, Mont. ___——__^_23/4
rl2,500
100.80
100.007
All of the above Sales
1.29
*
3.75
r4,500
100.84
1.64
.101.02
which
;
Clay Twp. S. D., Pa.
,
100.00"
r68,000
:
-
1463
2.44
15,000 ' */
' * 7*23,000
-,
1565 Bradley County, Tenn. __*__-____3 '.
100.32
" 7*130,000'
Wash.
3,
—
have
We
occurred
Page No,
100.03
80,000
Dist.
v 1,58
,
25,000 **'
& D.
(March)
1.61
These
additional
including
March
temporary
$48,794,344. ;
r
—
will
RFC- and
or
-
make
the
Basis
____
are
total
loans)
PWA
Price
$95 000
(unless otherwise noted):
issues
.
>
for
2.65
\
.
for March.
sales
that
(not
month
'•
*;"
/
ohtained by
Refunding bonds.
funds
or
1.85
____
r74,snn
1948-1951
30.000
municipalities from agencies of the Federal Government.
Page No.
100.04
'
'
D., Pa.
Ohio
D„
Following
3.74
'
dl4,500
^
1.45
1.08
55,000
-
"
100.25
-
S.
d Optional,
States and
0.88
1943-1947
5, Mich. _-_*_
(State
covering
_v
3.30
100.34
IVs
Okla
Minn.
6,000
.
' I''
8,000
J
9,000
1945-1947 "Si 2,300,000
100.15
__2y4
Ohio—
Ohio
1463 Zanesville,-Ohio
1723
30.000
__iy4
Ohio
S. D.,
Ridge, N. J.
2.21
d40.000
1943-1947
•
40.000
1944-1966
3>/2
^
Ohio-
2.33
106.19
______
1943-1962
Mexico, N. Mex..3y4-3yj
*_—
Mass.
Virginia
4.50
25.000
1644
Con.
100
15,000
7,000
Youngstown.
-
ToT58
60.000
Toledo,
1463
r
*
Titus County, Tex.
1.69
1949-1952 *
r!2.000
1950-1955
_2V?
Troy,
100.28
:
1944-1955
—_'2'/2
!_'•
1462
104.41
Tii
1462
Wood
,
200.000
Tex.
1564
___i
1~45
Too" 04
141,000
19^3-1952
Dist., S. Dak.___23/4
Spartanburg
Stephens
,
"
Too" 5 2
1.725
1466
1.85
100
30,000
r24,000
*
100.54
r___
1943-1950 * 7^
1944-1962
/
1&45-1952 * ■
250.000
>•_ 100.04
2.24
Page No.
1,44
1647
Canada
(Dominion of)—
1727
Canada
(Dominion of)t.__—
1727
Canada
(Dominion of)
1727
Kingston,
2VZ
1943-1947
59.000
1727
Ontario
(Province
of)
--2V2
1943-1949
7 000 000
1727
Ontario
(Province
of)
3
1950-1952
3.000 000
1727
Quebec Roman Cath. S.
;
103
214 :
1952-1956." '■&;.& 35,000
__^__J____2.80 >; 1943-1969
490,000
:
102.85
1.99
100.15
Minn.
._.——
DEBENTURES
SOLD
BY
CANADIAN
MUNICIPALITIES
IN
APRIL
1.13
150,000 '
^_1____2'■-v, .1944-1956
'r,r 38,000
/
100.18
Florence Ind. S. D;, S. Dak._^____2% ,- 7:1943rl960 "
rdl8,000 " 7 100 7
Flushing, Ohio
7.,
1943-1951 3,000 " '_
;_
Franklin Park, 111. ______!
!____4 "7/ 1944tl970.- 77; dl60,000
Fulton, N. Y. (4 issues)
1.40,;^ 1943-1962 ; ; 7^ 92,000 '
100.02
Garden City, Kan.
U ;A1943-1947 ■ 7/7 65,000
Gary, Ind. _^^'i-J±^-^:-^-2.V4^^vl956ri957,::7
160.000 '
100.84
Gloversville, N.
V*' - 1943-1962 r96,000
100.08
Featherstone Twp.,
3.00
29.000
'
dl, 600,000
West
1945.-1952 7"
v
1.86
100
: r3,500
1944-1950
1942-1981
West Elizabeth S.
1943-1952"
'
:_1.30
____1-V4
100.78
100,000
1565
1945-1949
r
v-'j.
z
3.46
69.000
1943-1952
1563
/Vj 1943-1947
__^,^^____33/i-v;
Mo}—_4
,__ll3/4 '
Ind..
100.17
——lVi
1565 Shenandoah Munic. Auth., Pa. __4
1642 Sioux City. Iowa
1 Vg
1726 Skamania Co. P. U. Dist. 1, Wash..4J/4
1460 Somerville,,Mass.
VA
County,
1726 Texarkana, Tex.
____
'
(Z14.000
1952-1958
1566
,
20,000
-
—3y4
1.18
1944-1962
20.000
1942-1953
2
:_„_3
County, 111.
1.47
;'
;
1943-1956
_L—3V2
0.97
.
,
S. D. 9,
1460 East Grand Rapids, Mich.
County
,/
Portland, Orei
1463
100.02
113.17
163,000
1944-1973
; v
Mich.
Dunklin
/
1725
______
10,000
;
2.34
30,000
33/4
D.
City, Minn.
2.00
Duncombe, Iowa'__
(^ Issues)
101.53
48,000
1943-1962
S.
Ariz.
1647
-
30,000
150,000
2
Twps, S.
2.34
d50,000
1725
2.71
Duluth Ind. S. D„
Windsor
100.10
r52.500
15 yrs.
3'/2
Pleasant Twp., Ind.
2.81
1562
and
1,000,000
1562
103.40
-__J____l3/4
Dellwood, Minn. _l___-__--_'-_^j:_i3/4
Douglas County, Wis-. ___4_r._;____2,/2
,
3,550,000
1955-1962
2V4-2.40
1, Wash.
Co.
1.46
100
6.000
1726
100
Delhi
30,000
20 yrs.
La.
Piedmont,
1563
^10,000 " ^101.26
1722
445,000
1951-1962
v
Neb.
County, Tex.
1466
r33,500
^
—
Ohio
1726 DeLeon Ind. S. D.ivT^x.
5,000
•
1945-1952
23/4-3
.
1647
:
1949-1953
issues)
(6
1647
Phoenix,
1.98
2'/4-21/2
Z..AV2
Moline, 111.
Perkins
3.50
1943-1982
_1.30
_
Minneapolis,
1565
100
1V2
1463
1945-1962
1944-1965
Iowa
Dayton, Ky.
0.979
rd638,974
212,000
1725
2,555
Dayton,
2.46
100.15
1943-1962
1458
21943-1952
________i___
100.18
700.000
3.20
100.15
^••
2Vz.1944-1958
Neb.
25,000
:fe/:I70,000
1947-1953
lV2-l3/4
Minn.
1721
1.26
300,,
Minden, La.
Missoula,
105.17
r45,000
1946-1949
_3'/2
J.
Minneapolis,
1644
loo""'".
1943-1967
Ore.
1642
100! 5 7
r7,000
1947-1965
2V2
Mercer
(State
N.
*
20,000
v
3'/2
(2 issues)-i.
1727
1943-^1962 v £117,500,000
- ,r
1462
1644
to
;
.
1562
1642
1946
issues)
1642 Danville,
1564
-
Medford,
Too
11,000
1943-1947
3
__1
1461
2.21
101.04
Due on June 1;
•
r28,672
200,000
4'/2
Ohio
1722
Basis
d25,000
1971-1973 '
A
____—____2_'___33/4
Ohio
30.000
2.76
i"oo'"
d70,OOO
36,000
1
1461
the
100.05
$15,000 in 1943 and 1944, $20,000
in
1945 - and $25,000 -in
chase bonds.
'
1944-1966
'
Maywood,
lbTix
9,000
2%
Non-High. S.
1645
Price
Corry, Pa. -________2____^_'_^__22l3/44. v 1944-1950 /;
20,000
Cortlandt, N. Y. ________^___22_2l.20,- 21943-1946353,500
1459 Cotton Valley S. D. 12, La._2*4 p
1943-1952
45,000
1562 Coulee Baton Grav.
D. D.
1, La.' ,
«:>■ C»
$350,000 airport real estate purV
Co.
1.20
96.57
45,000
•H
1943-1951
•
___33/4
County, N. J.
1564 Miami S. D., Ohio
100.35
1724
1461
Auditor,
until
2 p.m., for the pur¬
at
Cleveland,
r20,000
D., Tex.
100.39
1943-1956
'
4
__2___*
Twp. S. D., Pa. ______r_3
1722
.
of
(State
Massachusetts
1647
1943-196342,000
1945-1954
:<%h: 20,000
Cherry Co. S. D. 82, Neb.
3% i
1561 Chicago, 111. ______—;__22:—_;__1V4 rV
oral bids will be received by
City
S.
______
1943-1962
Carpentersville, 111.
1.20
■VC
1943-19523,776,000
1563
Falls, S. -Dak.
sealed and
C. M.
45, Ark
,
1461
125,000
.•
-
1944-1952
D.,.Okla.___u___2
Castanea
1564
Bond Offering—Both
Lincoln County, Ky.
Loving County, Tex.
D.
County, S. C. I
Spartanburg County. S. C.
1726 Spokane Co. S, D. 81, Wash
1463
DAKOTA
Lewisville Ind.
S.
1726
670,000
1045-1952//
issues)
1463
;
Mo.
27,000
1943-1952
1__1 Va '
Wash.
Arrow
100.32
County, Miss.
1463
1968)
page
36,000
1
issuesf____l'
1566
SOUTH
Co.
Lebanon,
Lee
1644
$57,685
„;
.C\
Vn:-l3A^
N.
Okla;
75,000
30,000
3'/2
Lawrence
1463
of San An-
rlOO.OOO
/
1461
bonds
on
r335,000
1943-1952,
_2-2% ^41943-1957
County, Ind.
1.53
1943-1955
1943-1972
Illinois
termi¬
by
par
Co.
Amount
-
T
C'
„____2
100 04
Tupelo, Miss.
1726 Tyrone S. D., Pa.
,_
J
111.
Ore.
1458
chase
at
1943-1962450,000
t
__.
1642
1725
; 900,000
1643
1960-1969
">
__
100.52
,
1943-1952
Farge, Wis.
Lakewood, Ohio
MacGregor Ind. S. D., Tex.
1564 Madison S. D., Ohio
,
;__U.^_„L^__8Vi iV 1955-1958^..,^;/
Broken
June
(Continued
1944-1959 .:c
Brockway, Pa..,_____:2™./_2_^j_/__2
Whitfield,
purchased
,?/Tvl955
*
__
1465
Bremerton,
M-N.
La
1642
litigation.
Maturity
*
County, Minn.
i
•
3
Amarillo, Tex. (4 issues)J';
1647 Ashland, Wis.!,--—
23/4-3
1463
able
:
100.85
'
186.682
Sedgwick County, Kan.
Rate
; -
6,000,000
1944-1954
-
5
__3
1562
1646
1463
price of 100.14, a
basis of about 2.22%, to maturity.
Dated May 1, 1942.
Due on May
1; $3,000 in 1943 to 1949, and $4,000 in 1950; callable on and after
May 1, 1943, at 102. Interest pay¬
1943-1952
___________-l'/4
N. H.
Saline
1723.Aitkin
1726
a
1943-1972
l'/4
1V2-2
1721
v-.
Boston,
J as 2y4s, at
Kite
3" 05
Kentucky
3Va
—;
(2 issues)
1466
Issues sold during April were as follows:
1722
R. S. Dickson & Co. of Charlotte,
Keene,
Ind.
1643
The
100.40
27,500
Indianapolil,
Kansas City, Kan.
Kansas City, Mo.
1.78
1724
apparently
Ranson-Davidson
$48,749,344.
Boone
$25,000 issue of
school bonds was' offered for sale
Qh May 14 and Was purchased by
Hutchinson, Kan;
1723
the month's activities, published in the May ll issue, page 1801, total
of awards for the period was $56,247,085; -The output in March was
Binghamton,
(P. O. Charleston), S. C,
1.67
1641
following we list the various issues of State and municipal
bonds sold during the month of April, ! <As noted in our
summary of
Blackwell,
Bonds Sold—A
100.40
1462
In the
1642
4
40,000
1727
Municipal Issues! Sold In! April
1461
No.
1943-1952
1726
1725
Dist.
________l3/4
Ore.
,
Nov.
Sch.
Hillsboro,
1726
notes
Co.
1.85
been
is not carrying out a
refunding program, but simply is¬
suing time warrants in the pur¬
tax
CAROLINA
100.42
street improvement warrants have
county
Due
Charleston
decision
nates the
2,
count.
SOUTH
6,500
3.60
1563
This
men¬
$40,000
Co., Providence, 0.54%; Lincoln
R. Young & Co., 0.58%; First Na¬
tional Bank of Boston, 0.64%. •
1.78
1943-1947
County
1562 Knox,
Ind. ____;
Freeport, Texas
issued for the same purpose, and
Warrants Sold—Town Secretary
will not be subject to public sale.
R. J. Fields states that $30,000 4%
Mr.
100.11
1721
1941, the balance of which will be
or
67 Milk St., Bos¬
-V
<
issue
issue
our
r57,000v
4
Military
Dept.
Armory
Corp., Ky.
___33/4
1647 King Co. Sew. & D. Dist 3, Wash..5
be
may
about
in
$55,000
re¬
May 28 for the purchase of $100,000 coupon highway bonds. Dated
June 1, 1942. Due $5,000 on June 1
from
tioned
the
1950-1954
1459
series 3 bonds have
exchanged for outstanding Eighth Court of Civil Appeals on
Dated Oct.
15, May 7 upheld a 41st District Court
1941.
Denom. $1,000.
Due April ruling which said that an election
10, as follows: $2,000 in 1942 to held on Nov. 15, 1941, resulting
the
approval
of
$1,150,000
1946, $3,000 in 1947 to 1950 and in
$2,000 in 1951.
These bonds are water revenue bonds, was valid.
of
—___._1.80
___2
1461
warrants.
part
100.11
1461
been
time
104
1642
.
refunding,
T08
100.49
40,000
Marion
—
1943-1947
20,000
1458
Valid
50,000
204,000
Manatee Co., Fla.
Ruled
Mo.__2V2
1943-1967
1561
Vote
Dist.,
1.75
1945-1964
refunding
Bond
2.00
1722
.
.
100
2.50
•
____1.80
1562
,
1
12,500
-
1564
•
,
2.74
1943-1950
(5 issues)
bonds, dated April 15, 1941,. it is
stated by City; Secretary M. H.
Kelly that the city purchased $4,-
—County Treasurer
Gatlin states that 5%
100.01
D., Ga.
Maine
of
50,000
__„__l1/4
Hazelhurst S.
Hempstead, N. Y.
Mahoning County,
18,
1943-1967
Haverhill, Mass.
1642
May
23A
^________2
Sew.
1564
on
100
Hempstead, N. Y.
1461 Hightstown, N. J.
connection with the call for ten¬
ders
100
4,275
1462
In
—
100.14
1,250
1943-1951
1726
Accepted
Basis
100.03
1943-1952 "
^
1458
bonds, numbered 1 to 1500,
being called for payment on
855 bonds.
July 1, at the American National
s, Bidder—
Premium
Robesunia State Bank, Robesonia.....;
$30
Bank in Austin.
Denorii.1 $1 ;000, Edinburg Cons. Indep. Sch. Dist.
National Bank of Top ton:..
16
Dated July
1, 1927.
Due from
(P. O. Edinburg), Texas
Wiconisco Township (P. O. Wicon- 1928 to 1957; optional at any time
Bond
Tenders
Rejected — In
after 15 years from date. Interest connection with the call for ten¬
isco), Pa.
Bond Sale—The $13,000 coupon ceases
July 1.
ders on May 12, of
1938 series
judgment bonds offered May 14—
Bexar County (P. O. San Antonio), refunding bonds, it is stated that
v. 155, p. 1726—were awarded to
all tenders were rejected.
"
Texas
Phillips, Schmertz & Co., Pitts¬
Bonds Exchanged — County El Paso Co. Water Control and
burgh, as 2%s, at a price of 100.Imp. Dist. No. 1 (P. O. El
745,
a
basis
of
about
2.60%. Judge C. W. Anderson states that
Paso), Texas
Dated May 15, 1942 and due $1,- $24,000
2%%
semi-ann.
bridge
1944.
Hanley-Page E.
Miss.
1462
Eastland, Texas
Call
Dorothy
Grenada,
Price
\
—l3/4
Neck, N. Y.
Grenada, Miss.
1566
T exas
Frac.
__2
3, Mich.
1461
tional.
The
city
Will; furnish
Schroeter that the bonds were
printed bonds and the approving
voted subject to being assumed
legal opinion of Chapman & Cut¬
by the State, Action toward is¬
ler of Chicago, without Cost, These
suance
will not
be taken until
bonds are general obligations.
such assumption is assured.
TEXAS
rl8,OO0
Great
Rapids & Paris Twps.
1961
$600,000 road bonds approved by
the voters last December, it is
reported by County Judge A. J.
uncondi¬
1943-1960
Grayslake S. D., Ohio
1461
No bid of less than
all
40,000
Grand
Sch. Dist.
.
crued
Amount
1725
1; $2,000 in 1943 ano
Collinsville), Texas
v
1944, $3,000, 1945 to 1950, and I ;• Bonds Sold — The
Superinten¬
$4,000 in 1951 to 1957. A $1,- dent of the Board of Education
000 certified
check, payable states that $17,900 4% semi-ann.
to the City Treasurer, must
refunding, series of 1942 bonds
; accompany* this bid.
have been purchased at par by
Denom. $1,000.
Dated June 1, Garrett & Co. of Dallas.
Dated
1942.
Prin. and int.
(J-D) pay¬ March 1, 1942.
able in lawful money at the. City
Deaf Smith County (P. O. Here¬
Treasurer's office, or at a bank
ford ), T exas
or trust company in New York.
Bond Issuance
Not
Contem¬
Interest rate is not to exceed 2%.
plated—In connection with the
and
Maturity
1943-1947
.
1460
"
•
Collinsville Indep. Sch. Dist. (P.O.
June
on
Rate
Twp, Sch. Dist. 2,'
__--__:___-_l'/2-l3/4
Mich.
r
.
Name
Blanc
Grand
1722
the
.
r
«.•;»
then
refunding
into bonds.™
f. r
♦. •. ,*
warrants
?
50,000 airport impt. bonds.-Dur
of
Wyomissing, at a
price of 100.78, a basis of about
1.47%.
Dated April 1, 1942, and
due $3,000 on June 1 in 1943 and
payable
City Treasurer, must
D.
1967
2.79
;.
1.94
2.75
;
> Name
/
"'"Rate
Maturity
Basis
100.87
2.20
99.53
3~6l
*45.000.000
—-
C„
Price
*$45,000,000
;
—
Onfc
Amount
Que._3'/2
1943-1950
a997,503.300
143.900
1.39
Canadian municipal bonds sold In April
.
2.J8
1.24
$1,007,706,200
■♦Temporary loan;.not included in total for month.
0;Total subscriptions to recent
Victory Loan, originally contemplated to raise $600,000,000.
the
They will be issued as
tonio.
County
Alexandria, Va.
:
-r-
Karnes County
17—v.
awarded
to
are required $35,000 4% semi-ann. water works
specifying, (a) the mortgage revenue bonds were
recently at par by
lowest rate of interest and pre¬ purchased
mium, if any, above par or (b) Lewis, Pickett & Co. of Chicago.
Dated May 1, 1942.
These bonds
the
lowest
rate
of interest
at
which the bidder will purchase were issued to purchase the local
water works plant. Denom. $1,000
the bonds at par.
Bids are re¬
and $500. Due on May 1; $500 in
quested for (1) all of the bonds
and (2) for the first $8,000 of the 1945 and 1946, $1,000 in 1947 to
bonds. All bids shall be uncondi¬ 1966, and $2,000 in 1967 to 1973.
tional. General obligations of the Prin. and int. (M-N) payable at
school
district.
The
approving the. Continental Illinois National
Bidders
to submit bids
Weigold, and Coffin &
both of New York, at a
price of 101.857, a basis of about
2.37%. Dated Dec. 15, 1941. Due
on Dec. 15 in 1943 to 1977 incl.
velt
date.
from
155, p. '589—-were
the Harris Trust &
Savings Bank of Chicago, Roose¬
&
Burr,
Bonds Offered for
The
$15,000 semi-ann. funding
have been sold as 4s at par.
$787,-
bidders
Va.
Hampton,
bonds
approximately
(P. O. Corpus
Christi), Texas
Nueces County
Call—It
Bond
on
CANADA
Bonds
ordinance
an
Treasury
of)
Sold—An
issue
$45,000,000 Treasury bills, dated
May 15, 1942, due Aug. 14, 1942,
was
sold May 14 at an average
yield of 0.542%.
was
passed by the Town Council re¬
WASHINGTON
Bills
of
under¬
Authorized—We
that
stand
Canada (Dominion
Wash.
Poulsho,
for sale in
60 days.
about
that
is reported
held
election
an
March
refunding
$48,000
bonds may be offered
000, bonds for which are now
drawing 4% interst.
The interest
was
scheduled to increase to 5%
at
7, by a vote of 203 to 16.
Bond Offering Contemplated— A certified check for 5% of the
It is stated by Francis W. Jones, bid is required.
Clerk of the School Board, that
that
is reported
Bonds Sold—It
successful
carried
(P. O. Karnes
City), Texas
ments.
district's debts total
Feb.
Investment—reoffered
1947 and 1948, $12,000 in 1949 to the above bonds for public; sub¬
1951, $13,000 in 1952 to 1954, and scription at prices to yield from opinion of Burcham & Blair, of Bank & Trust Co. of Chicago.
0.75 to 2.50%, according to ma¬
$14,000 in 1955 to 1957. Interest
Spokane, will be furnished the Legal approval by Chapman/ &
turity.
successful
bidder.
These bonds Cutler of Chicago.
payable J-D.
-
The
ment
semi-ann. public improve¬
bonds offered for sale on
coupon
$41,000 as 3s, due on June 1; $10,000 in 1943 to 1945^ and $11,000
in 1946; the remaining $139,000 as
l%s, due on June 1; $11,000 in
Road Dist. No. 7
(P. O. Edinhurg),Texas
Debt
Composition Plan Ap¬
proved — Just before his recent
resignation as Federal Judge of
this district, Judge James V. Allred is said to have approved of¬
ficially a plan of composition jof
the district's bonded debts, which
when consummated will save the
district $405,000, in interest pay¬
£ Hidalgo Co.
;
$750,000 2\'2%
Sale—The
Bciid
Bonds Sold—County Judge Wil¬
and will then be
converted into 3 Va %
refunding liam C. Parker states that $180,~
000 airport bonds were offered
bonds.
on
May 15 and were awarded
Greenville, Texas
jointly to the Northern Trust Co.
Bonds Voted—At a recent elec¬ of Chicago, and Garrett & Co. of
tion the voters are said to have Dallas, paying a price of 100.79, a
net interest cost of about 1.83%,
approved the issuance of $180,000
on the bonds divided
as follows:
water system construction bonds.
work progresses
$1,000 in 1952 toil962. The bonds basis of about 2.12%. Dated June.
are
redeemableOat the option of 1, 1942. Due on June 1, 1953.
••
'v.*'.'1 ,r'
K A1 1 i v
the district in inverse; order of iV; *''•
North Fond dti Lac, Wis,
their numbering on any interest
Bonds Sold—It is stated that
payment date on or after 10 years
VIRGINIA
v-
Green-
(P. O.
ville), Texas
Hunt
(Continued from page 1967)
Monday, May 25, 1942
COMMERCIAL & FINANCIAL CHRONICLE
THE
1968
ONTARIO
1, 1942, and go 4% Series C of 1937, road bonds,
cently, calling for an issue of $40,Ontario (Province of)
Fern dale Sch. Dist. No. 502 (P. O. 000 3% semi-ann. water and sewer
to 51/2% after April 1, 1945.
numbered 1 to 100, 109 to 165, and
Bond Issue Details—The $10,Bellingham), Wash.
The hew composition refunds
system bonds. Dated May 1, 1942.
173 to 190, aggregating $175,000,
Bond Offering—Sealed bids will Denom. $1,000.
the bonds on a basis of straight
Due May 1, as 000.000 provincial-guaranteed hy¬
are being
called for payment on
dro-electric power commission
3% from the time it is approved
be received until May 28, by the follows: $6,000 in 1943, $5,000 in
Sept. 1, at the State Treasurer's
until Oct. 1, 1969.
After that date office. Dated Sept. 1, 1937. Due County Treasurer, for the pur¬ 1944 and 1945, $4,000 in 1946, $3,- bonds recently sold to the Bank
Montreal, of Montreal, and
000 from 1947 to 1952 and $2,000 of
the interest will mount to 5%,
chase of $20,000 school bonds.
on Sept. 1 in 1945 to 1952.
associates
v.
155, p. 1727—are
starting at April
almost all of the
but
bonds' ma¬
completed
in
turities will have been
Bond
Clerk
Texas
Maturity— The City Controller
states that the $100,000 general
the
155,
p.
1800—are due $10,000 from
March 1, 1943 to 1952 incl. Inter¬
improvement bonds sold to
Sinking Fund as 3s, at par—v.
est
—
1953.
Sch. Dist. No. 91
more
fully described herewith:
(P. O. Colville), Wash.
WISCONSIN
$7,000,000 2y2% bonds. Due $1,Invited — City
Bond Offering—Sealed bids will
000,000 on May 1 from 1943 to
Kenosha, Wis.
states that he
1949 incl.
be received until 2 p.m. on June
will receive tenders until July 1,
Bond Sale—The $56,000 semi1,
by
G. H. Inkster, County
3,000,000 3% bonds. Due $1,000,at 10 a.m., of refunding, series of
ann.
refunding bonds offered for
Treasurer,
for the purchase of
000 on May 1 from 1950 to
1938 bonds, dated Aug. 1, 1938,
sale on May 18—v. 155, p. 1800—
1952 incl.
$15,000 coupon construction bonds.
and maturing Aug. 1, 1978. All
were
awarded to Harriman Rip¬
Dated June 1, 1942. Denoms. $1,All of the bonds are dated May
purchases are to be made by pay¬ 000 and $500. Due June 1, as fol¬ ley & Co., Inc., of Chicago, as
ment through the First National
1, 1942.
lows:
$500 in 1944 to 1951, and 2V4S, paying a price of 101.29, a
by that time.
Houston,
Kettle Falls Cons.
Spearman, Texas
Tenders
Dacus
Leo
Bank in Dallas.
payable M-S.
When
Per
Redemption Calls and Sinking
DIVIDENDS
Fund
Notices
found a list of
Below will be
corporate bonds, notes,
preferred stocks called for redemption, including
those called under sinking fund provisions.
The date
indicates the redemption or last date for making tend¬
and
ers,
and the page number
the details were
gives the location
given in the
"Chronicle."
in which
Agar packing & Provision
due Dec. 1, 1945
Co. 1st mtge. income
bonds,
lien & refunding
First mtge.
5% bonds, due
1951—Jun
1st lien bonds due 1958
May
Allied Stores Corp. 414% debenture bonds due 1950___July
American Tissue Mills 7% pref. stock
May
Arnold Print Works 1st mtge. bonds
Oct
Atchison
Topeka & Santa Fe Ry. Rocky Mountain
Division 1st mtge. bonds, series A, due 1965
July
Allied Owners
Corp.
Augustinian Society of 111. 1st mtge. bonds dated 1929_Jun
Beech Creek Coal & Coke Co. 1st 5s, due 1944
Jun
Central Power & Light Co. series debs, due 1942-1946_May
Cincinnati Gas & Elec. Co. 1st mtge. 3V2S, due 1967—Jun
Citizens Independent Tel. Co. 1st mtge. 414s due 1961_July
Connecticut
1951
Ry.
Lighting Co. 1st & ref.
&
214% debentures
Continental Roll & Steel Foundry Co.
series A, due 1950—
Driver-Harris Co. $7 preferred stock
Fairbanks, Morse & Co. 4% debentures
Federal Light & Traction Co. 6% bonds,
Consolidated
:
Oil Corp.
due 1951
1st mtge. 6s,
due 1956
due 1954
Georgia-Carolina Power Co. 1st 5s due 1952
Indianapolis, Columbus & Southern Traction
mtge. bonds, due 1948
Inland Steel Co. 1st mtge. 3s, ser, E, due 1952
Inter-City Baking Co., Ltd., 1st 5V2s, ser. A
International Paper Co. 1st & ref. 5s
Iowa
Electric Co.
1948
1831
1752
1307
York
Railways
1837
July
1st mtge. 5%
1
1920
Jun
July
Jun
1
due 1961
1
1
1
1837
1920
1838
American
1679
1
1
1839
1839
1
1839
1
Inc., 5 % debentures due 1945-May 2£
1st mtge. 3%s, due 1956
_Jun "1
1840
1840
Corp.
Consol. 1st 314s, due 1956—Jun
prior lien bonds, series A,
1958
Phelps Dodge Corp. conv. 314%
Philadelphia Transportation Co.
debentures due 1952—Jun 15
consol. mtge. 3% -6%
2039
—*
Jun 12
Pittsburgh,
Youngstown & Ashtabula Ry. 1st gen. .
< ~
mtge. bonds
——
May 29
Portland General Electric Co. 1st mtge. 5s, due 1950—Jun
1
Public Service Co. of Colorado 4% debentures due 1949_Jun
1
San Jose Water Works 1st mtge. 314s, due 1961
Jun 1
Schuyler Hudson Corp. 1st 4s, due 1947
July 1
1710 Sherman Avenue Bldg. (Varsity Theatre) 614%
bonds, series A, due
bonds
dated
1930
__
Sherwin-Williams Co. preferred stock, series AAA
Smith & Wesson, Inc. 1st mortgage 514s, due 1948
Jun
Jun
July
1
1
11
D Co. referred stock
—Jun 30
Strong (Mark D) Bldg. Corp. 1st mtge. bonds, due 1943 Jun
1
Toledo Edison Co. 314% debentures due 1960
_Jun 1
Unified Debenture Corp. debentures.—,—
______:
Jun > 1
United Biscuit Co. of Am. 3 V2% debentures due 1955—Jun
1
Square
♦Announcements in this issue,
tin Vol. 154.
*
1604
1843
1844
-
Stores
7-2
G-15
6-15
7-1
7-15
6-15
20c
Surety Co. (s-a l ______—
Telephone & Telegraph (quar.)__.
Trust Co. (San Fran.) (quar.)—
Metal
6-20
$1
30c
$20c
Extra
—1—
$10c
Associated Breweries of Canada, com. (quar.) ;
$25c
7%
preferred (quar.)
$$1%
Associates Investment Co., ^common ,(quar.)_ r
, 50c
5%
preferred (quar.)—,
,—_—,
.
$114 .
Badger Paper Mills, Inc.—_—.—50c
Bayuk Cigars, Inc. (quar.)——L—
,
3714c
Beattie Gold Mines, Ltd. (reduced quar.)___ .
$3c
Belmont Radio Corp.
(quar.)—'
15c
Birmingham Water Works, 6% !pfd. (quar.) r
$114
Black Hills Power & Light, common.——___ 1
42Vic
5%
preferred (quar.)
$114.
Boston & Albany RR. Co.___—_______
11_ („ $214 .
Brewing Corp. of America——
50c
Briggs & Stratton Corp.—
T___—75c
Bright (T. G.) & Co., Ltd., 6% pfd. (quar.) :
$$1V2
Bullard Co.
50c*
Butler Water Co., 1% pfd. (quarj——:
r$l% :
*
1756
1926
1844
1844
1844
1317
1927
•
.
6- 1
6- 1
6-30
6-30
6-30
'7- 1
6-30
6-30
6-25
6-15
-
5%
*
1318
1758
1222
1686
$l3/4
$1%
$1%
20c
62,/2c
$1
participating preferred (quar.)
Copperweld Steel Co.. common...
5% convertible preferred (quar.)
Coronet Phosphate Co.
(Montreal)
Trust Co.
Cutler-Hammer,
6- 1
6-15
6-10
6-5
6- 1
6" 1
6-6
6-15
5-29
6- 5
5-20
5-22
6-15
6-15
6-10
6-10
6-12
6-12
6-15
5-29
National Bank
Detroit Steel
Diana
6%
Die
Casting
Mfg.
(quar.)
(interim).
7—
Co.
(quar.)
Dominion Textile Co., common
7%
preferred ,(quar.)____
Driver-Harris
(E.
DuPont
Common
$4'/2
Co.,
I.)
de
Nemours
Duquesne Light Co., b'/o
5%
<
Brothers Stores,
convertible
5-20
6- 1
6-5
5-29
6- 1
5-10
5-21
7- 1
6-25
6- 1
6-1
6-29
1st pfd. <quar.)____
Inc.,
preferred
6-25
6-15
6-13
5-25
5-25
6-15
5-29
6-5
6-16
6-12
6-13
7-35
5-25
7-10
7-15
6-15
6-10
7- 2
7-15
-
Co.—
&
$1
(reduced)
(quar.)_______
Dunlop Rubber Co., Ltd., ord. reg
Edison
6-23
6-15
6-12
6-15
60c
common
(interim)
preferred
6-30
12!/2c
15c
50c
10c
$$1V4
$$1%
common
convertible preferred
Doehler
Doernbecker
6-10
6-30
6-15
6-15
6-15
6- 1
6- 1
6-15
6-10
-
25c
Corp.,
5-15
6-10
7-15
5-19
6-15
t$2
preferred
Corp.
Stores
common
(quar.)-!—..---
.
$lVa
8'/r
$114
30c
:62V2c
:
•
6-12
6-15>
(quar.)—'
\ 62'/2c
6-15
(irregular)_i._
—50c
6-10
Electric Controller & Mfg. t---'———---V. 75c
' 7- 1
Electric Storage Battery (quar.)___:__^—_
50c6-30
Electrographic Corp., 1% preferred (quar.),. 4 $1%
6- 1
•5%
preferred, series 1941
Boat
Electric
;
Co.
6-30
$2
$l»/4
<quar.)__;
(Colo.)
Derby Oil & Refining. $4
6-19
6-30
25c
$l'/4
Petroleum Corp
;
De Witt Hotel (Chicago) (irregular)________
Delaware & Bound Brook RR. I quar. )
Darby
Denver
6-20:
7- 1
7- 1
7-1
$$1
25c
(quar;)_—
(reduced)
Inc.
5-25
"6-6
7-15
6- 1
7- 1
8- 1
5-25
7- 1
$1%
$1
25c
preferred (quar.)—
u
—
Telephone, GVa'/r pfd. (quar.i__
Crown
/
t25c
common
Corp,
Steel
,
$1*4
$2
Industries,
1%
5-30
5-30
5-30.
5-27
6-20'
6-9
5-27
Emporium Capwell Co., common <quar.)____
35c,, 7- 1
6-22
4V2% preferred, series A (quar.I—56'/4C ; , 7- 1
6-22
Erie & Pittsburgh- .RR. * (quar. ) 487
rdivi-" 4 4 •.
6-1
"dend less 7'/2c Pennsylvania State taxi_^_"
80c '" 6-10 ' 5-29
6-1
$114 4 6- 1
5-18
>
* 5-20! J Essex Co. (reduced)
Eversharp, Inc.-, 5% preferred (quar.)___!i__25e
7-1- 6-20
5-20
Federal Mining & Smelting Co. __—
$1 /
6-19
5-29
5-29
First. National Bank (St. Louis)
(quar.)_—
40c
5-29 j 5-25.
5-25
——
—
40c
8-31
8-26
6- 1 >•:. 4y Quarterly
Quarterly _____^______+J_
- •*: 40c
11-30
11-24
5-30*
25c
6-15
6- 1
6- 2 ■; Food Fair Stores, Inc., common (quar.)____
6- 1';
$2.50 preferred (quar.)
v±———; 6214c
6-15
6- 1
i Foote-Burt Co. (reduced)
Cable & Wireless, Ltd.—
"
•
.
'
25c >4 6-15 -4 'i 6- 5 '■
American dep. rets., 5l/2c/c preference— 5c
5-21 - 4-23 * Frankenmuth Brewing Co. (quar.)__________
214c
6-15
6- 5
California Ink Co., Inc. (reduced)—.—;—
62Vic
6-20
6-10 • - 4 Gamewell Co., Common___J--4'____—_L____
• - $1 6-15
6- 5
Calumet & Hecla Consol, Copper (quar.)—, r
25c .
6-13 ~ 5-29 r
$6 convertible preferred
(quar.t___:
„
$114
6-15
6- 5
Canada Bread Co., Ltd., 6% 1st pref. (quar.)
tS.lVi .
7- 1
6-15 - Garfinckel '(Julius) & Co., common (quar.)
1714c 44 6-30
6-15
6'/r convertible preferred (quar.)_________. 4 3714c s , 6-30
6-15
5% class B (quar.),
1^ t62V2C
7- 1
6-15 J
Canada Cement Co., Ltd.—
,
\
,'.
/
7* "4 Gatineau Power Co.. common (quar.)_______ ,
$15c - 6-30
6- 1'
6Vi% preferred (accum.)+—j $$1V46-20 ~ 5-30 ; - Y- 5% preferred (quar.)_L__——$$114 ; 7- 14 6- 1
514% preferred (quar.)_———-j.__
Canadian Canners. Ltd. common (quar.)___
$12V»c :
7- 2 " * 6-15 ...
$$1.38
7- 1
6-1
5 ft
1st preference
(quar.)——~i___—-$25c
7- 2
6-15
Gaylord. Container Corp., common. ,(quars)__,.
1214c
6-15
5-29
;
Participating
$5c7- 2 i 6-15
Extra
-r—r—«
4^'1214c
.6-15
5-29
60c non-cum. conv. preferred dquar.)—.
-415c7- 2 ~ 6-15
44 514%-preferred (quar.)4_4__—i—__^____$.'v
68%c
6-15 4 5-29
'
General Baking Co., common—__'f—4;-'4
10c
8- 1
7-18
Participating
;—• •
$5c•
7- 2 ~~ 6-15
$8.preferred (quar.)_
___
$2 4 7- 1
6-20
Capital Wire Cloth & Mfg. Co.^-r
•
.4"■ y""
4 si.50 conv. preference (quar.)—
-437c. , 6- 1
5-12
.—.,
„
6-26
6-15
6-15
6- 1
6r 1
6-30
6-10
6-15
6-15
6-30
6-15
6- 4
.
■
.»•
■
r
-
-
1756
1685
56
$10c
Continental
6- 1
6-15
7- 1
7- 1
50c
$5c
common
pfd. iquar.)_
pfd—
Consolidated Laundries, $7V2 pfd. <quar.)___
Consolidated Rendering Co. (irregular)
Continental
7- 1
6-15
7-20
6-30
7-15
7-15
15c
(quar.)
Film
Consolidated
6-12
7- 1
6-30
Ltd.,
6-15
20c
Commonwealth Telephone, 5%
6-12
6-12
7- 1
50c
—-—
preferred
6-15
6-30
7- 1
$114
$2.25
40c
'
8%
6- 1
6-15
i__.
(quar.)—
Railway__i_l_
preferred
Commercial Alcohols,
5-15
6-1
50c
30c
25c
$1%
25c
preferred (irregular)
Ins. Co. (Ind.) (quar.)
States
.
1842
....
/—---
com. iquar.)___
series A preference (quar.)
non-cum.
City Title Insurance Co. (N. Y.) (quar.)— _
Coleman Lamp & Stove Co. (increased quar.)
6-25
.
1313
1922
1
7-1
$114
$114
15c
15c
1214c
15c
(initial quar.)___4—
Andian National Corp., Ltd.
(s-a)__^___™
Arizona Edison Co. (irregular)—______—;
Asbestos Corp., Ltd. (increased quar.)_._—_
Ampco
July 1,
Ohio Oil Co. 6% pref. stock
—Jun 15
Pacific Coast Cement Co. 1st 6s, series A, dated 1927_Jun
1 Paris-Orleans RR. 6% bonds, foreign series, due 1956—Jun
1
Pennsgrove Water Supply Co. 1st mtge. 5s, due 1945—Sep - 1
Pennsylvania RR.-Pennsylvania Co. guaranteed 314%
tr. ctfs., ser. C, due 1942—..
...
May 29
due
American
6-12
7- 1
.
8c
______
American
bonds
2
,
Co..—.
:
American Sugar Refining, 7% pfd. (quar.)..
American Sumatra Tobacco (quar.)..—
1311
4%
Chicago Rivet & Machine Co.___
Christiana Securities, common (reduced)—
6-2
6-2
5- 9
5-28
6-15
5-15
Bank (Chic.)—
(quar.).
non-cum.
Extra
Jun
Transfer Ry.
$1
American
1
—
6-26
6-26
$17
(quar.)
Chesapeake & Ohio Ry. Co.
6-20
$1
,
7-1
pfd.
Wire, <a'/c
6-8
6-8
5-25
25c
_
Central Steel &
7-1
7-1
6-15
$1%
pfd._______
(irregular)
(quar.)_,
Co.
6-5
6-10
5-22
6- 5
6-11
5-23
5-20
5-20
6-10.
75c
$1
12,J/2C
(quar.)_
6lfa%
Products
Extra
Holders
$114
—
preference (quar.)
American General Corp (special)
American National Finance Corp.—
American
When
$414
$414.
50c
$1
-
—
5%
*
Paper
Payable of Rec.
5-29
5-14
6-15
6-1
75c
<quar.)
preferred (quar.)—
American Cyanamid Co., class A (quar.)—__
B
.
15c
35c
——
6%
1307
1753
$1377
July 15
(quar.)_—
(quai4)_.
Quarterly
—
American Business Shares (s-a)_
American Cigarette & Cigar—
Common
(reduced)
Class
Aug
Products
Ball Bearing Mfg.
6% preferred (quar.)__.
Amalgamated Trust & Sav.
Co. 1st
_
Montreal Lt., Heat & Pow.
New
1749
2
Jun 1
Jun 1
Jun 1
July 1
share
of Company
Agricultural Ins. (Watertown, N. Y.)
Alabama Great Southern RR.—
Ordinary (irregular)
6% participating pfd, (irregular)..
Alloy Cast Steel Co.___
Aluminum Co. of America, common
1915
July 1
Jun 1
6% secured bonds due 1945—July
Long Island Lighting Co. 514 % debentures, due 1952_Oct '
Louisville & Nashville RR. unified mtge. 4s, due 1960_July
May McEwen Kaiser Co. $4 preference stock
Jun
Minnesota
Aetna
1751
1751
Long Island Lighting Co.
Metropolitan Playhouses,
Aeronautical
1749
29
1
1
debentures
1st 4s, series A,
Bridge & Terminal Co.
Kanawha
due
Corp.
Debentures
Interstate
1
1
1
Jun
Central
Co.
Gas Co.,
Steel
Cincinnati Street
Per %
:
Name
497
1748
1748
1914
1827
414s, due
.___
_______
1
29
1
25
1
Ohio
announced this week are:
'
■
Storage
Indiana
Central
Vfo
1825
1
Jun
Power Co.-—
Alabama
Cold
Central
■
The dividends
Page
Date
Company and Issue—
declared.
15c
20c
75c
Quartz Mining
Central
separate tables. In the
first we bring together all the dividends announced the
current week.
Then we follow with a second table in
which we show the dividends previously announced, but
which have not yet been paid.
Further details and rec¬
ord of past dividend payments in many cases are given
under the company name in our "General Corporation
and Investment News Department" in the week when
Dividends are grouped in two
oj Rec.
7-2
6-15
5-30
6-15
7- l
<3- 1
6- 1
6- 1
6-20
$4c
$2Va
$38c
40c
f$9%
(quar.)
Cass Bank & Trust Co. (St. Louis)
(irreg.i.
Catelli Food Products, Ltd., 5% pfd. (s-a)._
Gold
Cariboo
Holders
Payable
share
wame ol Company
■
•
.•
—
Volume 155
Number 4075
■
•-THE
COMMERCIAL & FINANCIAL
CHRONICLE
1969
'•'
^
•Per
Name of Company
share
,
,General,Candy Corp. (quar.)__
When
.
Holders
'
Payable
of Rec.
25c
6-20
6-15
6-
7-
6-15
x?1; '7- 1
6-15
$114
6-30
'Name of
6-10
Corp (N. Y.J (quar.)__
50c
Georgia Power Co., $6 preferred (quar.)
$1'4
;•
$5 preferred
(quar.)__x_____$1%
6-19
__
General Reinsurance
Goodrich (B. F.) Cq., $5
preferred (quar.)—
Gorton-Pew Fisheries (quar.)————
75c
"
,
1
7-
Granby 'Consolidated Min., Smelt. & Fwr.-r-
1
5%
Quarterly,
",15c*
—
—
/
Extra"
"
'
6- "I:
■.
5c
——
15c
25c
.
6-15
15c
7-
25c
—
B
i;
T
Coupon No.
57
6-
$1 (4
T-
1.
f25c
6-
1.
6-
1
7-
1
4.
125c
(s-a)
$V/2
-
Quarterly
________
6%
preferred
0%
preferred B
6%
Class
A
6 %
:
conv.
class
pref.
Fink
Leonard
5.2%
$1
m
7-
2
6-15
Class
35c
5-29
Shattuck
5c
5-28
5-21
6-15
6-
South Carolina Power
$1.30
7-15
6-30
7-
6-12
$5
(quar.)
f25c
t'/o
,
preferred
Mahon
•
(R.
Marven's
Ltd.
Maryland
.
•
10c
—
Co.
6-15
5-29
5-29
6-15
15c
$134
6-15
6-15
5-29
t$l34
Machine
$ry«
75c
—,;
-
Extra-
Montreal
~r -Xto
Ltd.-common
National
•
Brush
Quarterly
i
National
common9(quar.)
(quar.)___
National
Steel
Car
-
$7
New
prior
6-15
6-
7-15
6-12
10c
Corp.
Bank
>Niagara- Share Corp.
'•*'
'
'
i
•
'
6-1
9-
1
American Co.
of
is
6-15
5-29
6-10
■■
Buffalo
to-
the
$2'
6-10 '■• r 5-29
40C
6-1
$1(4
i—_
6-10
10c
6-
$l'/2
•
•
v
•
:
Gas
(quar.)
__—
•
i
—
CO.„_—__L_—__L_ *&>•
c
preferred
7-
$1%
25c
Class
5-29
6-15
7-
'
6-
6-10
Arden
5
50c
6- -1
6-30
50c
4-
1
3-10
(quar.)____
15c
6-22
6-15
$1(4
6-22
7-1
6-
7-
Art
6-T6
1
1
30c
6-24
6-
4
15c
6-15
6-
1
:
5-21"
6-10
15c
-
6-10
i
30c
6-
43 34c
6-15
t$l34
7-
1
6-
1
6-
6-26
t$l
6-
6-15
1
$1'4
-
45c
j
6-16
50c
(quar.)
6-15
6-
60c
«
(quar.
6-15
1
7-
1
7-
6-
1
6-
1
1
6-10
:
f_ 7-1
7-
60c
1
'
6%
*
6-306-24
6- 5
7- 1
7- 1
7-
<•
6-15
i;
1
■
'
6-15
6-15
6-10
of
5-29
5-25
6-15
1
1
7.
J '
;;
25c
1
ManufacturingYoung (Thomas)'Nurseries—
20c
Banque
Barber-Ellis
' ■'■••-
6?
$2
'C
37'4c
1 ■'
"
•
"
25c
1
71
$1.18%
•
1
2
6!-
1
•;
6-
&
Barnsdall
Bathurst
5-19
6-15
6-
(reduced)__
Barlow
6-15
5-20
'
'6-
-Class
t
1
Beath
5-15
Beau
A
A
-4 7-31
t $ 134
6-15
t$l'4
6-15
5-29
50c V4 6-27
6-16
"
(quar.)_^___'
$i%
4
:Z6-27
•
$1.50
•
5-29 /
Belden
••;
'
.
6-
5
:
6-15'
6-10
6-6-
5-28
9« 4
12-15
'
75c.
1st
Fe
pref.
6-
&
5-29
8-29*
1
6-
1
5- 9
6-
1
8-9
7-
6
6-20
$2.25 v
7-
6
6-
.;••
6-20
5-15
6-23
6-30
'-
1
6-30
6-23
6-
1
-6-
1
5-20
6-16
5-30
6-16
5-
4
6-
1
6-20*
6-10
15c
<.
6-
5-25
5-21
$134.
6-
I
5-15
$1(4
7-
1
6-
1
5-
6-
1
5-
8
6-22
6-
5
6-
4-30
$1(4
+$l3/4, >
(s-a)_
37MiC
y
$1
6-13
1
7%
^
6-10
5-29
15c
6-15
5-21
6-
1
5-14
6-
1
5-15
$4c
-
"
50c;
5-25-
5-20
6-1
5-15
7*
7c
5-20
6- 1
*
10c
6-15
1
6-
'.
1
5-15
6-
1-
5-15
'
-
$1(4 v;
7- 1
6-10
$l3/4
7-
1
6-10
60c
6-30
6-15
$1
i
Savings
(quar.)—
,
6-30
6-15
t$2
6-
1
4-30
+$3
•?
____
7-
2
6-15
6-
t$2Va
common
1
5-15
6V4C
6-30
6- 3
7(4c
(quar.)»
6-3Q
6^ 3
(Montreal)—
+$2
(quar.)'
6-
.-25ev-'
(quar.)1—
1
5-15
6-15
5-30
6-15
(quar.)—x_—tl2(4c
5-31
30c
Co., Ltd.,—
.
,
I
5-16
6-8
5-14
6- 1
"5-15
'
•
.
6-
15c
______
(quar.)
125c
6-
t
7-
I
10c
25c
(quar.)-__.
C0.__i
i:
125c
t80c
Inc.^ common
6-
35c
'
1
6-
6-15
6
6-
5-15
6
6-
-'
37 (4c
*
:
5-14
5-15
5-15
I
5-18
i$l
7-2
"6-15
$$l34 r>
;
_______
(quar.)
,
:
Mines, Ltd." (interim)———
(quar.)
5-15
6- 1
7c
u
preferred
8
75c
—
&
x
75c
—15c
-
5-30
1
15c
(quar.)_
•
5-21
6-15
50c
.
-
$1
(irregular)
Trust
Nationale
Paper
8
6-15
7-
25c
(quar.)l
Co.—
5-25
5-15
5-
$1(4
'__
Investing,
Go.
1
6-15
5-29
25c
Ry
;
Bethlehem Steel Corp.,
-
4
5-29
50c
preferred
Berens River
12-
6-20
t75c
Corp,—
Bqnsonhur^t Nat!L Bank (Brooklyn)
.
6- 0
1"
9-15
$134
;
-
Bendix1 Aviation
'
7-
15c
$1
7
.6-5
15c
Belding-Corticelji, Ltd., common (quar.),
7% preferred
tquar.)—-———
'
6-13
•
5-21
6-15
7- 2
6-15
•
•
6-16
5-2,1
1
$3
National
common
Mfg.
6-10
6-
$134
(quar.)_
(W. D.) & Sons, class A
(resumed).—
Rrummell Ties, Inc.__^
Beaunit Mills,
7-15
5-20
6- 1
.
$1
Seelig Mfg. Cq. class A
Oil
5-20
6-26
r
25q
7 ;
coramon
Power
p
75c
—_
$1'4
I
25c
—
•
'
•'■'
1
6-
75c
Santa
Canada
Extra
5-19
5-15
l' -v 7
6-
6-15
50c
"
6-
1
$134v,.::
—_———
of
5-16
6-15
"
7-
2Qc
Inc.
Canadienne
(H. W.)
1
7-1
.
20c
'■"■ 50c
(quar.)—
(monthly)
America
Quarterly
Barber
6-15
6-20
30c
.
•
6-
5-14*
$1(4.!
6% preferred (quar.)—___
6-19
6-15
•
"
-AViZ/oi prior preferred (-quar.
"?>$iya
4(4%'conv. prior preferred
(quar.)__—ui! ' ""'$iy8
Yale &
Towne
:
5-25
7-
6-15
62Vgc
(semi-annual)
1—
Association,,
,
5
5-15
6-1
75e
"
—
Corp.,
Bank of Toronto
Bankers National
5-28
5-25
>' "•
6-15
7-l'l
Woodward 8c Lafhrdp, common
T/o preferred' (quar.
5-15
•;
Bapk of Nova Scotia (quar.)
5-29
7-
Worthington Pump; 8c Machinery Corp.—
6-15
7- 1
com.
1
preferred (quar.)
Li
preferred Kquar.)__^.____„__i—___—
T/o
r
6-20
$9
i$l'4
(liquidating)
preferred- (1897 series)(quar.)—L_i_
Wisconsin Power 8c
Light Co,, T/o pfd._=__
6 % 'preferred
5-29
„
Corp.
6-
e*
20c
;
5-29
1
.4"$iy2
^_l_Z_
6%
6-23
* 6-15
(Iowa)-
pref.
6-30
6-20
'7-
50c
Estate
'Wisconsin-Electric Power,
434% • preferred (quar.)
>.-
6-23
6-23
6-25
•
Whittier
6-10
A
Real
5-15
$2 convertible preferred
(s-a)
Bank of Montreal (quar.)
40c
-
Co.——
Western Grocer Co.
1
iquar.)—
—
Bank
5-14
22'4 c
•"•••'
Trustees (Bost.-Ms-a)
Weyenberg Shoe Manufacturing Co.__._u.
■
6-
;
Radio Show, common
preferred' (quar.)_Bangor• Hydro-Electric Co.— --
k
5-14
7- 1
$ 1 Va
$3ya
Co.,-$6 pfd. (quar.)___
Virginia Pulp & Paper Co.—
Western" Exploration'
(quar.)
Western
5
-
$134
(s-a
&
West Texas Utilities
■
25c
:
,
Power,; $6 pfd. (quar.)__
guaranteed
1
1
preferred
Works
Mills ;
5-19
7-
6-
(s-a)
$3
Monthly J
•
1
6-
6-15
H
75c
—50c
"0%
6- 1
$1(4
40c
5
•*
7-13 7
62J4c
Baltimore
•'
6-12
6-30
•
7-15
^l.eS 'corivertihl© preferred1
(quar.)—4114,c
6- -1
-7-1
5-23
7-15
/'
2nd preferred
Avondale
5-23
6-
$1.183/4
Co.
(new)
(initial)
Automotive Gear Works com.
6-16
•
*'■
6-15
(s-a)
Financial
11-25
s
6-15
(quar.)—_
Autocar
.
Viking Pump Co/common
(special)________
&
(quar.)_
pref.
Powder Company-.^—
Refining Co. (reduced)-——,
Corp., 6% preferred (quar.)'
Aunor Gold Mines, Ltd.
(-quar.)-„
1
(quar.)______
preferred; (quar.).!.,.—
com.
Atlas
1
7-
$2'4
common
Farms,
1
0-15
$1%
(quar.)
^Atlantic-
1
t$l'4
(s-a)
$2.40 preferred
pfd.
Atlas
5-2T
5-27•
6-15
12-
t30c
25c
.
Light, $7 preferred
,
$1(4
7%
common
Atchison Topeka. &
•
•
-T/o
6- 6
6-10
40c
■
6-22
15c
"(reduced)
preferred
Metal
*Asbor
"
50c
5-25
8-25
1"
.
\
(quar.lx.I__4—,
;
'Artloom" Corp.
coramon
(irregular)
t
7'Jo preferred
(quar.)____—<
1 Atlanta
Gas Light, 6%
preferred (quar.)
Associated Dry Goods, 6% 1st
pref. (quar.),
6-15
$iy2
t$l347
B
1
6-
•V
6- 1
•;f $l34
Arkansas-Missouri Power Corp., com.
(irreg.)
;
67o
preferred (s-a)—
Armstrong Cork. Co., common (interim)
4% convertible preferred
(quar.)
6-15
(quar.)_:
6-15
,
common
,—
.••■•
5
9-
.
(quar.)—
Archer-Daniels-Midland
4
6-
6- ,1 7:
Sanitary—
preferred
1
6-4
1
6-10
6.-15
t35c
Anglo-Canadian Telephone, class
'Arcade Cotton Mills, common
6%
1
50c
3.7 y2c
:
$4.50
6-15
6-
6-
50q
(s-a)12(4c
(reduced)..—
; 75c
Amoskeag Co.,
5-15
1
6-15
$1'4
preferred
Wayne Pump
5
;-{•
1
7'
—
(quar.)__-__
^~'
$1%'';J?
$7.20-preferred (quar.)__l^_iL-____:i__:ii: ;f*$1.80
f
5-20
6-
>
>
75c
Corp. __•
^ ;7Vi©
Confectionery $2 Mi class A--^-s—' C+50c
Edisop Co. $5 preferred (quar.)L--4__ 1
SlMi-;
;"$6 preferred .'(quar.)__i_=.__—t* $1^2
$6.60 preferred
(quar.$1.65
$7
;V
1
6-17
]
Vv-—:
'
.
1
6-15
6-
;;; 6- 5
6-15
$1%
(quar.)__l
preferred
6-12
5-18
6-15
$1(4
American Thread Co., 5% 1
pfd.
American Tobacco, common
6-15
7-
+35c
Wdst
Nu-Enamel
' Oh.io
Ohio
.
5-29
'
!•'•
f
50c
Natural
63 %c
.
1
1
6- 1
$1%
American Rolling Mill Co
American Smelting &
Refining Co
American Steel Foundries
6-1.7
77-
t$l34
Swasey Co.
^.Washington Ry.:&.Elec. Co.. com.
(irreg.)__
;; ^Participating units
(irregular).:—
Washington Water Power, $6 pfd.
(quar.)__
<
^ 5-20
v
-r'"■■'■■",
-'~K
Class' B
prior preferred
$6
Warner
;
••••
ap-
C
,<
•
6%
8-1
.
10c
(irregular
(quar.)
•Ware River RR;,
■
_
Northern
A
Virginia Electric
.
6-15
6-30
'
5%%'■ preferred (quar.)
717/8C
preferred (quar.)—75c
American Rayon Glass A
^ 50c
'
6-15
S.1'4
(quar,)___
Corp.
Mfg.; Co., common
preferred (quar.
Victor-Monaghan Co.,
f Extra.
; 5-29
.$iy2
.
—
>6%
■
6-15
6-30
62'4c
Participating
T/o
t75c
North
•;?
•
5-20
7; 6-30
t87'/2
(reduced)
subject
preferred
Salle Street
$5.50' priority: stock
Valve Bag Co., ■€..%
preferred
•Ventures, Ltd. (reduced)—
,
______
One
share 'of Detroit Edison com. for
each 50 shares of North Amer. Co. com.
E.
1
)
•■-•■
-I-
5- 1
6-
7-15
6-30
%
•+■■■:/■
6-1.
.
.
(Md.) 6^pfd. A (quar.)
(stock dividend)—
held. •-'Payment
5-15
25c
com.
proval 'of the S.
-
5-15
50c
5-29
25c
quar.)
W
i.
5-25
5-29
6-12
fy&b T
o>
50c
Paper Goods,
preferred (quar.)
7%
5-20
50c
(quar.)
:
preferred
1
6-15
7%
preferred
(quar.)___
."
$13A
American Public. Service 7%
pref—t$l%
American Radiator & Standard
5-25
1
25c
(quar.)
'Utility Equities Corp.-r-
1 5-29
$1(4
—;
(quar.)_
La
Debentures
8-15
6-15
7-
6-15
25c
(reduc.
com.
A
<;■■■
6-30
30c
•
•
common______~
7%
American
;
5-29
<
6-15
6834c
Utica Clinton &
Binghamton RR. Co.—
6-24
25c
7-15
5c
Metal
Utah Power 8c
:
1
10c
_________
North
7-1
6-15
$1 (4
U. S. Tobaoco
Co.,.-common
T'/o non-cum. .preferred
5-30
5-30
$1
lien, preferred—
National
i
t ;
6-20
6-20
(Seattle, Wash.)—
England Tel. & Tel.
'Niagara
-
37'4c
Co;, common
U. > S. Sugar
Corp.; common
6.4'!o«preferred series A
(quar.)
.
*'■* 6-20
30c
Newark (Ohio) .Telephone
(irregular)______
Newport Electric Corp. com. (reduced quar.)
6%, preferred' (quar.)
;
2
7-2
6-15
(quar.).—_
vNew England Public Service Co.—
$6 prior lien preferred—
.
T-
7-2
I
XL S. Potash
<
6-»2
-
6-15
-
(Detroit)
v.5% preferred (quar.)_.
National Oats Company-.
■
■v
6-10
>
5-22
-
f$l
"
Co.
1
$$134
____
______
—
Credit
«
•
6-15
$1'4
Casualty Co.
National
•••■
>•
$10c
Co
Co.
6-
'
J$l%
__
National Biscuit Co. (reduced)—
National Boulevard Bank (Chicago) (quar.)
;
;
1
J20c
•
preferred, (quar.)
&
'7-
6-
Dyewoodi 7% preferred
United Elastic
Corporation
U. S. Graphite Co.
(reduced)
6-16
-•
6-15 !■&
25c
6-
.
$1
Machinery
*
fv6%
United
1
>'
Cottons. Ltd.
Morgan (J. P.)
$1'4
25c
(quar.)__
(quar.)___________—.1
1
$1'4
L—_—r-—
5'/2'/«7. preferred
7-
1
-Union Pacific RR
Cov.(quar.)__
6-20
6-
'
t
'7 $6
r..;7 6-20
1
6-
(reduced quar.)
convertible
South
Union
n 6-20
6-26
-
•208
5-12
7-
$1;
$1.50
6-16
7-
6-10
5-19
Corp.—
5-20
i
.
7-1
$1.31'4
•'••w
Co.:
1
6-30
5-15
"7 25c
(quar.)__w___^__—
Modern;Containers,
6-
$5
30C
.
tlOc
12-15
Foundry Co.—_______
American Metal Co., Ltd.; common
5-29
Transue &-Williams Steel
Forging___
Twentieth Century-Fox Film
•
preferred
6-15
12-31
25c
';
-
American Machine &
;; $i34
,-Z. t$i
Thompson Products, Inc.,"common
(reduced)
$5 convertible preferred
(quar.)
Time, Inc, (interim).—!_____.
6-10
6-30
7c
Michigan Associated Telep. 6% pfd. (quar.)
'"Mobile Gas Service Corp., 6% pfd.
(quar.)_
'Mock, Judson, Voehringer Co.___i___-____i_
*
6-15
$$l'/2
—.
—
(
6-16
-
(quar.)
5'/4'4; preferred (quar.).
Mergenthaler Linotype
;
6-30
5-19
5-19
(irregular)—
«<,»..•
cOnv,'preferred (qUar.)—____________
$2
6-15
1
9-15
V12-15
Products
1
5-29
(quar.)_„__
„•
Corp. (monthly).
Corp. of Dela.—
Convertible prior, preferred (s-a)(
American Investment Co. of
111., com. iquar.)
5%
9-15
;
9-30
Insulator
V; 5-29
7-
9-30
$1%
preference
(quar.)
American Laundry
5-29
Co
Corp.
preferred
"
2
$1(4
______
;
com
Extra"
(quar.)
Telephone Bond & Share, .7% first pfd.__
Tex-O-Kan Flour Mills, t'/o preferred—
Thew Shovel Co., t'/o preferred
(quar.)„__
6-16
1
8
0-15
12-31
25c
(quar.)—i
Home
■
Talcott '.(James), Inc., common
5M2 Vo 'participating preferred
5-29
,
5-20
50c
'Taggart;Corp., $2.50 pfd_ (quar.)
5-29
,,
6-30
15c
—__
Mesta
,
6-15
$l'/2
Merchants & Farmers Bank
(Albany) (quar.)
Fire Insurance
(Denver) (quar.)
& Co., Inc. common
'
5'/o
5-30
6-12
(quar.)
Oil
»..
50c
preference
Swan-Finch
■Tacony-Palmyra'Bridge,
6-12
6-
6-
preferred
5-
6-15
6-30
(St.
C;
Electric;
American
5-25
6-22
&
1
1
6-30
i
50c
American
5-25
$1'4
1%r preferred____
(Qhio), (quar.)
'.Sutherland' Paper
Class A
6-15
10c
(quar.)
5-30
25c
'
Cq.
preferred
$2
5-29
6-15
,/$l
Kentucky-(quar.)___,__
6-20
1
$1(4
(irregular):
Power.
.
5-25
5
22c
Hoist Corp._i
Co.", $6 pfd. (quar.)__
7-
t$l (4
—
(quar.)
preferred
1*
6-15
6-
C
35c
Co." (quar.)
6-15
2c
(W. J.) Sugar Refining & Molasses
7%
4V2 f/o:-
1
6-
5-29
1
(
4% % preferred
(quar.)
American General
Corp., $3
$2.50 preferred (quar.)'
5-15
75c
Sunray Oil Corp., common.,
5 Mi % convertible preferred
1
6-
Mc
Merck
4
6-
6-15
(irregular)_—
•Merchants
'
6-15
6-15
Colorado
(Standard -Oil
$5
6-15
6-
12'4
Paper Co., Inc.—
(quar.)—
(quar.)_—
(quar.
preferred!
Standard Oil of
5-10
10c
Inc
.7%
5-29
5-18
5-29
UOc
.Standard Coated Products Corp., $1
pfd.
5-29
(s-a)_
7
6%
1
7-28
'
Co.
6-
6-25
25c
5c
Co.
common
Fund,
McCahan
«
C.)
5-29
1
6-
50o
(quar.)
American
;76-15
5-29
5-15
■6-
V..
Co.
-
Gas
6-15
$1%
*
American Furniture
Co.,
$1%
preferred
preferred
Southern
5-26
9
37 (4 C
(quar.)
(quar.)__
Magor Car Corp.
J
6-12
6-
25c
—
5-29
G)
6-
Co.
5-19
5
6-25 ;
6-15
$l»/a
.
!
preferred
American Fork & Hoe
Co.,
6%
preferred • (quar.)
;
1
25c
'
'
;
1
15c
1$2
4
•.
—$134
Insurance
5-
1
5-15
25c
6-17
$7
6- .1
+50C
7-
$ll,4
,
(quar.)
$6 preferred
■;
1
5-19
1
6-
7-
50c
American & Foreign Power Co.—
1
6-
Advance Bag &
convertible
6'/o
5-29
6-12
87'4 c
Magma Copper Co.
Magnin (I.) & Co. ;(quar.)
,
6-12
37'4c
</o conv. preferred
Repeating Razor common.——
preferred
$2
I
25c
Mines, Ltd.
(quar.)..
Mackinnie Oil & Drilling Co.
:
Southern
-
a
Magazine
1
(Frank
6-
6.-
6-15
$ 1 (4
7-20
50c
American Envelope
Co., 7% pref.
7% preferred A
(quar.-)
7% preferred A (quar.)__
'
5,-29
-
12'4 c'
Shepard-Niles Crane &
60c
6-10
6-15
class A (quar.)
(irregular.)—
B
6-19
12'4c
6-10
^ 6-10
$1%
Corp.—
preferred
6-10
1
—
Capital
7-
7- 1
(quar.)
American Chicle
Extra.
5-29
t$l (4
(quar.)
5%
:
5-29
6-15
: 6-15
7-1
250
.■ •
(quar.)
Co.,
5-29
7-15
25c
25c
-
■
t
$5.50 prior preferred
(quar.)
American Chain & Cable
,
5-29
6-15
37'4 c"
Corp.,
common
$134
6-30
6-30
-
6-15
5-26
15c
(quar.)
American
1
5-15
I
;
6-15
37 '4c
Seeman
1
6-
7-15
6-26
•
0* I
6-12
••
Automobile
Louis)
'v
>
-43%c
preferred .(quar.)—
American
6-30
20C
(quar.);
Iny. Co., Ltd.
i
!
7
9-21
50c
(quar.)
American Arch Co
i
^
6-3Q
t$l'4
Brothers, Inc.—
Selby Shoe Co. (quar.)
6-12
7-15
•*
7%
6-20
'15c
•;
—
preferred
Common
5-20
12-19
::
' 7* 2
■:
$1%
.
Of
6-10
6"
6-
.
t$l34
.
(quar".)________________
!■
6-30
:
(quar.)
(quar.)
Internat.
!
preferred' (quar.)
-t%
i
6-15
•
•
6-15
$1%
common
Serrick
.Macassa
i
Company,;
(quar.)
.
preferred (quar.)___
Common (quar.) j
f
i
6-19
V
1
■:-l:t- iy !
20c
4
nr-—~
6-20
4
1
6-25
t5c
(reduced)
&
Second Can.
6-19
J
7-
7-
6-17
(quar.)_____
."
Corp
(irregular)
Mtge.
Steel
1
6-15
7.
15c
(quar.)
6-1
(Del.) class A
(quar.i—_—1
Land & Exploration Co.!
MacKinnon
7-
5-29
20c
(irregular)
Inc.
Co.
1
(quar.)
Title
H.)
7-
_
Extra ;
,
(H.
5Mic/o\ preferred
;
5-19
■•• •
6-12-
•
:
-
25c
f20c
Louisville Gas & Elec.
Louisville
1
"Schiff
1
5-20
6-15
;
■:-'-
Portland Cement__
.Aluminum Industries
(quar.)
'Aluminium, Ltd.; cbmmon (quar.)
67o pref0 (quar.).
(payable In U. S. funds)
.Aluminum Manufacturer^
common, (quar.)
r.
Light Co.—
62 (4 c
prior, preferred
'Louisiana
6-
6-15
5
Z/lo
1
Preserving^ Ltd.—
) Alpha
■:
:
6- 4 v
X;?;- fvvvf,-.-?
$1 (4
______
Liquidometer Corp. (irregular)
'Loblaw Groceterias,. Inc—______
■
•
(quar.)_
Co., 5% preferred
5% prior preference (quar.).
Romec Pump Co.'
~_1.__!____
-Royalite-Oil Co.,, Ltd. (s-a)
6-16
6-
:
$2(4
$2'4
^___^
(quar.)__
participating preferred (quar.)__
B
•'«■
v
6-15
$134
6%
Class
1
7-1
(quar.)
7%
•
7-
v
5c
'
Rockwood
6-15
f
75c
(s-a)__
Packing Co.__^
%: ■ • Extra V 4 _ _~
5-15
?
1
5-25
7-1 r
10* l
r
5-12
2
6-
6-15
•
12-29
—$iya
7.%
____
t87y2c
Service
Common
Rath
Robertson
77 5-29
,1.
1
6-
50c
:
Raybestos-Manhattan,
7-1
(quar.)
Myers Tobacco 7% pfd. (quar.)_
Corp. (Washington, D. C.)—
&
6-1
6-30 '•'••; 5-29
6-
I
Special:
■:
7-
$lMa
$1Mi
(quar.)_-___-,--^*i_;-^_.«_»t^*w;:i.
preferred
'Class;A
6-15
t$l3A
Allied Stores Corp. common
6-10
v
£
50c
Manufacturing Co.
6-13
t62(4c
(quar.)
Pyrene
6-13
5-29
(irregular)
&
1
35c
preferred
Power
1
6-30
8
6-10
a
&- Gas—
preferred (quar.)
6.-15
25c
,1
7-1
7%
5-30
50c
5-15
6-29
6M»c
(quar.)___
of Rec.
6-12
20c
(quar.)
Holders
Payable
$1
.■'.
^Allied Laboratories,7nc.
;
;Allied Mills, Inc. (irregular)
'Allied Products 'Corp., common
■
com.
vS/
'Allegheny Ludium Steel, 7% pref. (quar.)
6- 1
1
7-.1;;
5
-(quar.)
7-
•
6-
v
6-2 0*
.
Mfg. Co. (quar.)
Corporation (quar.)_u_
Preferred-.
When
share
-
D.)
fAlberta :Wood
i
1
7-
.(monthly)
.
Electric
7-
•
;
•>
5-23
5-23
7- 1
:■,■.• V>:
.
t,quar.)___
Mines, Ltd.
:J
I
Super Markets, Inc. pref.
Preferred (quar.) _______
5-29
i
7-
25c
RR.
(quar.)___
1
6-
Per
Company r/
.Alabama Water Service $6
pref.
5-29
;
$1'/*
Norristown
$5 prior - preferred
-Pullman, Inc. _i__-
5-23
1
t75c
Telephone
Lincoln
W
1
25c
preferred
,
6-1
6-
.
Products
Liggett
Service
preferred
t'/o
i
6-
$1 (4
common
$5
1
$3
—
Refineries
Lexington
;
6-
-
6-15
61.06'4
(quar;)
Adams
Dome
preferred
Public
»
East
Puget Sound
Corp
5%
,..'>6%
...
6-10
6-15
37 >/2c
Lam.son & Sessions Co. $2.50
pfd.
Banking & Loan (quar.)
&
North
Powdrell
5-20
6•
6-15
25c
(quar.)
& Alexander, Irrc.
Preferred Accident Insurance Co.
•
6-17
1
•
5-15
6-15.
;,■'
$l'/2
■
■
1
*
:
•
Engineering Co. (irregular).
Agnew-Surpass Shoe Stores, 7% pref.tquar.)
5-29
6-1,,;
J4C,
- -
.Planters Nqt & Cho.colate Co.
•
20c
(quar.)
Landed
Lehn
&
Public Service
Corp. of N. J.,
6-24
6-10
•
30C
^
being given in the
v
Aetna Standard
0-5
6-13
t50C /
$l'/a
5-29
5-29"
:
.::■■•
75C
X
,
•
|..
(J.
Aerco
:
.e- P
6-15
25C
&
6-10
(resumed)——
B
Stores 4% pfd.
Shore Mines, Ltd._>—
Lake
Pittsfield
9
7-
t
-j—'—
Preston
t75c
preferred
(quar.)
6-1
$1
';■:'■ 0-2a :•
$l'/a
(quar.)
Germantown
6-17
50c
ser. A
:
6-15
$1%
1
$1%
:
(initial.quar.)__L
7i 1
S1V2
Kresge Dept.
'
7-
pfd.
(reduced)
Securities Corp.—$3 convertible preferred A
•
'
preferred
7%
a-1
$1
: e-
t$iy2
r
(quar.)
(quar.)
common
25c
preferred
7%
•
Co.
Pittsburgh Forgings-
$l3/4
i
6-19
Adams
6-10
7-
•
Steel-Co.
Albers
(s-a)—__
these
,
Name of
.
5-22
6-23
6-27
7.-15
■
'
(quar.)
Phoenix
'717
Inc;—
■Philadelphia Transportation Co.—
Participating preferred (initial)
.•
7-15
(quar.)_
6-15
I ■;
^
v
.Acme
share)
Mines, Ltd.
Co.
preference
RR.
5-19
$3
Kingston Products Corp.
'
'
1
6-1
(s-a)
Special -4L_—i
:L
Keystone Steel & Wire
Kings County Lighting
<
Manufacturing
Philadelphia
6-l'5
25c
C
Copper
"f/i
60c
:
Kennecott
:
: - 9-15
6-20
7-15
.
per
conv.
50c
Kaufman Dept. Stores 5%
«
?$6
t.
6- 1"
:
<Kelsey-Hayes Wheel
6-12
6-
A.(s-a)___________________
preferred
1
$7
class A
Philadelphia Co.; $5 preference
.
Johns-Manville Corp. common
(reduced)—_
1 % preferred .(quar)_____
Joy Manufacturing Co.
(reduced)-!
Kansas Oklahoma & Gulf
Ry—
.?
7-
(50c
VpV
'
-
6-10
■
75c
.i,__
.
7T-$4.25 preferred
5-22
1
¥50c
—
Jefferson Bank & Trust (St.
Louis)
l
7-
J50c
(irreg)_
com.
.Interstate Natural Gas__.
Irving Air Chute Co. (quar.)_____
f
*
50c
___
7-
2s. 6d.
Cement.Corp.
Gold
Milk
'
50c
Ford,; Ltd
Salt
Perron
Pet
6-20
'
funds
Electric Switch
Penn.
_!~.
y
S.
5-29
;;
25C
(quar.)
Peoples Drug Stores f reduced)
; 5-18
c.'v
$1"; 10- 1
*
____
'
Interstate Department
Stores,
T/o preferred (quar.)___
&
iPenn-Dixie
^
••
6-15
,
.
Machine. Co.
^
6-10
$1
International Harvester Co. (quar.)________
International Petroleum, Ltd.—
•
Registered shares: (s-a)
Coupon No. 57 (s-a)____x_
International Safety Razor
Corp.-:* *
V Class A (quar.)x_:
;.
;
?
$1 (4
^ !
Quarterly
Jaeger
'
20c
(quar.)_____
'Industrial BankTrust Co.
(St. Louis)—
*■•■
i
:Penick
Penn.
—
pfd.
week,
preceding table.
6-1
JSl'A
j
Enterprfses Consol.,
U.
6-15
6-20 "
6-15
$1
Peabody, Coal 6% preferred
.Peerless/Woolen.Mills 6Ml%. Pfd,
5
3TVie ^&»•&
_____
Indianapolis
'
'
6-12
6-30
.
8c.
in
"
this
previous
5-29
15C
ZZ'
announced
in
The list does not include divi¬
5-29
6-15
dends
6-10
5-29
6-15
V
43 %c
___
conv.
1
50c
«-■(irregular
6*30v4 :4 6--EL
.T-- lw rm 6-20
.
Mines
Payable
7-
6-15
give the dividends announced
'•
$1(4
12'4c
r
Wolverine Co.:
'Patino
5
'
(s-a)____
Indiana Gas & Chemical
Corp., $3 pfd.
Water Co., common____
5%
preferred A
j
Parker
.
(s-a)
;
(quar.
(quar.)_____.:
(quar;)
,Park & Tilford 6'A
0-20
6-
75c
-
shares
1
■;
6-10
$1'4
(reduced)
common
4% la preferred
:
1
25a v\ 6-15 r-vi
r.->
$6
preferred
(quar.)
Imperial Oil, Ltd., registered,
6-
Cos.
1
we
weeks and not yet
paid.
6-10
7-
$1%
preferred
1
;
'
(quar.)____
Below
of Rec.'
,'7-
:■
$1 (4
Mills
Paraffine
5-29
.
6-15
A (quar.)i—-- in 62Vz c. "':.
(interim
r
;___
pfd.
Page-Hershey Tubes, Ltd., (quar.)
,
6-15-
>
6-15
....
^Hooker-sneotrOchemtcahiGo^&^^pfd^itiuar^^^tilViK"
Class
6-15
2
7-2
.
Pacific
5-15
6- 8
7-
L—15c
i Houston Oil Co. of Texas, 6%
preferred
Humble Oil & Refining- Co;
'Illinois Commercial
Telephone (Wise.)—
common
participating
^Orpheum Buildipg ■
-
:
Holders
Payable
40c
.
JlOc
•Hein-Werner Motor Parts
Hewitt Rubber Gorp.
(quar.)—.
Home Gas & Electric
Co.,. 6% pfd. (quar.)__.
Honolulu Oil Corp; ____.
Houdaille-Hershey Corp., class
Ltd.
When
Share
preferred, (quar.)
Oneida,
5-15
6- 1
6-29
„
$50
—
_
%'k
t'/o
;
Special
Group No. 1 Oil Corp.
Harding Carpets, Ltd. (s-a)
■
prior, preferred (quar.)__
6% preferred
(quar.)__
Oklahoma Gas & Elec.
6%
V
■
"
Company
'Ohio Finance Co;
common (quar.)
8*
6-22
;
Per
.
»•""■
$1'
6-1
5-8
Sir
6-30
6-30
t3c
6-15
$1(4
6-
7-
l1
5-?9
1
$134
5-11
"
:—
6-
5
•
•
•
-Monday,. May 25,1942
1970
!
;
Name of Company
Berkshire Pine Spinning,
■
•
-
(increased)
com.
(quar.)—.
preferred (quar.)
Bigelow-Sanford Carpet Co., Inc., common.
6% preferred (quar.).
'
Bird & Son, Inc., 5% preferred (quar.)
Bloch Bros. Tobacco, 6% pfd. (quar.)____L$7
Blue
Per
1
5-23
1
5-23
Contederation
6-
1
y
5-23
6-
1
v
5_i5
6-
1
5-15
6-1
(quar.) pay¬
in cash, or
l/32nd share of common stock—___
5-20
6-30
6-25
1
5-14
Ridge Corp., $3 preferred
at holders
option 75c
Aluminum
Brass.—
&
50c
—
Boston
Woven
Hose
>'"
Shoe
:
*
Silk Mills, Ltd. (interim)
Brunswick-Balke-Collender, common
Bruck
.$5 preferred (quar.)—.
Buckeye Pipe Line Co
6-
6-
...
7%
'
thereon
interest
Canada
Class
A
;
f Bearer
B
Ltd.—
6-10
y
5-29
Ltd.,
$3
r,
Vi'7'-
6-1
5-
6- 1
5-25
6-
1
6-
1
5
1
6-
1
5-
6-
1
5-
Crum & Foster,
6
6
Crum
stock
ferred
8%
■
(quar.)
Alcohol, cl. A
preferred
Class
B
(interim)
6-15
5-30
J50c
J10c
}$1;
t50c
t$l%
t$2»/2
(quar.)
6- 1
Dentist's
5-15
6-15
7%
5-31
6-15
5-31
6-1
(quar.)
7-15
f/erlO
5-15
Class
5%
B
Oil
Devonian
Co.
1 '
5-20
Diamond Alkali Co.
6-
1
5-20
Diamond
6-
1
5-15
6-
1
Match
5-15
6%
,
;
$6
Central Ohio
Central
&
Utilities
,
Chain
Belt
(quar.)
Chestnut Hill RR. Co.
5-15
7-
6-24
1.
5-15
6-
5-20
1
6-
1
6-
I
7-
1
5-15
6-15
6-
1
y:
5-29
6-20
5-29
6-
1
5-11
25c
6-30
25c
$iy2
•
7-
1
5-20
6-
6-30
$1
.5-15
6-15
6-
t
1
7-
1
6-
1
5-16
6-15
t 15-12
7-20
6-
1
6-10
6-
1
5-15
;
5-14
8-
1
7-
6-
1
5-18
7-
40c
1
6
6-12
7-15
7-
7-
1
6-20
$1%
6-
1
5-20
$2
J2c
1
6-15
5-30
7-
6-30
1
50c
6-10
5-29
37'/2c
6-15
5-15
$l'/4
6-15
5-15
50c
6-15
6-
25c
6-
____
1
1
5-14
!
6-1
15c
Indemnity
5c
—
(s-a)____^
(N. Y.)
—
1
6-
1
5-18
6-15
6-8
6-
5-20
15c
Ry. Co. pfd. (irregular).—
Power, $6 preferred______.
>
1
$1
/
6-22
t$i'/a
;;
6-
■■■
•
5-26
1
5-20
6-25
$3
__
6-15
6-
V
5-18
25c
7-
1
1-10
$l'/2
7-
1
6-20
6-
34 %c
,
;—
___
5-18
6-
50c
Mountain
5-20
$1
$m
Works (reduced)__
$6 pref.
6-10
,
6-15
IOC i
.
_______—
Northern
Co.,
5-15
5-15
1
6-20
4
(s-a)
(reduced)
com.
preferred, (quar.)__—
.6-
$2
Paper.:
•
1
5-15
6-30
6-15
SV/2
6-
1
5-15
25C
6-
1
UOc
6-
1
5-15
25c
7-
1
6-15
25c
7-
1
6-15
$1V4
6-
1
75c
_________7
•
•
43 %C
7%
preferred A
Hajoca Corp., 8%
(quar.)
preferred (quar.)
Hale Brothers Stores (quar.)____——
Hallnor
Mines, Ltd
;
Haloid Company
(quar.)____
5-20
5-13
5-15
.
50c
Co.
(quar.)
Hackensack Water Co., com. (s-a)
5-20
5-28
7 6-12
____
convertible preferred (quar.)
Gulf Insurance Co. (Dallas, Texas)_____—
5-20
1
50c
5'/fe%
5-15.
5-15
5-25
$l'/2
$6 pref. (irregular)
Griesedieck Western Breweries Co.—
6-30
1
5-25
,
Great
6-10
6-
7
8-
,11-
1
,
12-17
1
1
1
6-20
1
7-
7-
1
5-11
50c
6-15
5-26
37'/2C
6-15
preferred
6%
Paper Co.,
(quarj_
5-15
Class
B
;__
5-26
1
6-15
6-
1
5-15
6-
1
50c
Hard Rock Gold Mines
5-15
1
5-11
7-
>7-20
6-
$l'/«
6
5-15
1
6-
6-17
?3c
______
6
1
6-
25C
(interim)
5-45
6-
6-
$l'/a
••
Harbshaw Chemical, 4
■'
6-12
$lJ/4
(quar.)
Va % conv. pfd. (quar.)
preferred
1
25C
Co., common
(reduced)
Common
6
5
7-
—_
(quar.)____—________________
(M. A.)
5-15
6-
$iy«
50C
common.
6-20
25c
$5 preferred (quar.) ____________
Harbison-Walker Refractories—
5-22
8-
-
Hanna
6-1
<
Co.,
preferred (quar.)_—
Hancock Oil (Calif.), class A (quar.)
6-19
5-30
''
Watch"
Hammermlll
4Vz %
10-20
1
6-10
7
EXt fE
Hamilton
*
7-21
12-27
:.7>
$2
6-20
6%
Chemicals,
&
preferred
common
(quar.)
preferred
preferred
5-20
25c
7-15
6-16
5-26
5-
$1
6-13
5-15
$iy4
6-
1
5-15
$iy4
9-
1
8-15
6-27
6-13
El Paso Natural Gas, common
6-13
8
(quar.)
$13/4
6-27
30c
6-30
common
preferred (quar.)
$1%
6-
6-13
t
6-15
1
5-23
1
(quar.)
Eastern Steel Products, Ltd.
Kodak
7%
6-15
5c
6-
5-28
5-28
y-
1
5-20
5-20
6-
1
5-11
50c
6-
1
5-11
6-15
5-25
3iy4c
75c :
(quar.):
(quar.):
Faber, Coe & Gregg, Inc.
preferred A
$5 preferred A
7- 1.
6-12
1
6-12
$5y2
7-
1
6-12
7-
1
6-12
Fairbanks
t25c
6-
6-15
4
4-17
$1.06'A
6-30
$iy4
6-1
5-19
$1%
6-
1
5-14
$iy2
5-26
5-20
6-
9
$iy2
7-
1
6-20
$i3/4
7-
1
6-20
6-
1
5-20
6-
1
5-20
__
—
6-18
12'/2c
_.
i
25c
62'Ac
.
Iron
y
25c
^Columbia Broadcasting System, class A
5-28
5-14
25c
—
5-28
5-14
30c
B
V
Co.
(quar.)_
(interim)
Commoil, Ltd. (irregular)
Commonwealth Loan Co. (Indianapolis)—
5%
preferred (quar.)—
Confederation Amusement—
participating preferred
$1
.
5-22
5
5-22
;
$.005c
5-22
6-15
♦
5-21
'
'
5-25
5-15
,
$iy4
-
(irregular)
5
6-10
,}2c
.
66-
.
30c
Oils, Ltd.
-
5-15
7-
1
6-
5
Hecla
7-
1
6-
5
Hettrick Manufacturing Co.
5-25
Hazel-Atlas
Hazeltine
5-11
6-
1
1
7-
3
7-
$1
3
:
6-30
6-15
,
"
*$3
■6-15-
5-26
Hires
Hobart Mfg. Co.,
5
6-10
6-
1
(irregular)
Home Fire & Marine Ins.. Co. (Calif.)
Home Oil Co., Ltd. (resumed)Homestake Mining Co. (monthly)
Honey Dew, Ltd. (quar.)
Hooker Electrochemical Co. (quar.)
1
7-25
11- 2
10-24
6-
1
5-21
9-
1
8-21
12-
1
11-20
6-
1
5-15
■P'l 6-
1
:h 5-15
6-
1
5-0
8-
$l»/4
50c
Co.
>
50C
7
6- 1
15c
5-15
Corp.!
IJ—J
'
i
(A.
;
1
9-16
1
6-15
6-30
6-15
$iy4
9-30
6-16
7-31
7-21
7-
1
6-15
30c
6-
1
5-15
6-
1
*
5-16
6-15
6-
1
6-15
6-
5
6-15
55c
:
15c
^
5-15
7-
t50c
C.)—
6-15
5-15
6-
1
5-15
.6-
1
45c
2nd
5-20
2
;S-29
40c
—
»
5-25
37'/2C
8%C
66-
1
t2c
6-29
5-15
1
30c
$l'/4
4
5-12
.
4-30
7
5-26
$i»/2
6-
1
5-11
$1%
6-
1
5-11
7-
1
4%
•$l'/4
5-19
6-26
Illinois
7-
5-22
5-29
50C
(quar.)
preferred (quar.)———
Central RR. (leased lines) —
guaranteed (s-a)
—
Illinois-Iowa Power Co., 5 % preferred—___
Illinois Municipal Water, 6% pfd. (quar.)—
Illinois Zinc Company (irregular)—------Imperial Chemical Industries .(ordj (final)_
Imperial Life Assurance Co. (Toronto) —
10-
5-20
'
7%
3c
37 '/2c
5-20
1
6-
37y2c
*
Company
non-cum.
'
1
15c
partic. pref. (quar.)__
7% non-cum. prior partic. pref. (quar.)__
Horn & Hardart Co. (N.Y.) 5% , pref. (quar.)
Houston Light & Power Co., common
Howey Gold Mines, Ltd. (interim)
Huntington Water 6% pref. (quar.)—__—
6%
5-15
5-29
50c
Horn
6-
6-1
50c
Co
—
class A (quar.)
4
6-
10- 6
15c
Orleans)
5-
$2 V2
•
7-
t$2
.
25C
v
:
5-15
6-
1
5-15*
6-
6-20
5-25
•
5-25
6-
I
5
6-1
6-15
;
15C
$1 ?
6-13
:
1
.6-15;
•
Quarterly —
Quarterly
—
Quarterly
—■-——
Imperial Varnish & Color Ltd. com. (quar.)
$1.50 conv. partic. preferred (qu£)r.)__—
Indianapolis Public Welfare Ass'n. (quar.)_
Indianapolis Water Co., com. class A——
8% preferred A (quar.)—___,—_________
Industrial. Bank of Hartford (quar.)__
9-11
6-13
6-
$1 Mi
•
6-11
1
6-30
:
; 25c;
25C
12-15
6-30
75c
t
r
10-1
$2 Vi
25c:
:'
9-15
12-18
$1 Ve
5c
"B"
(New
10-20
15C
-
;
Bank
5-19
6-13
t31C
____________
—
(Chas', E.)
6-1
G-19
6-17
75c
•
Holophane
5-15*
6-12*
6-15
$1.06'/4
—
______—______
__:
National
6-20
1
$1
_____
6-20
30c
—
&
4
1
$2
5-29
30c
(quar.)
Extra
Hibernia
5-
6-
25c
(irregular).
t50c
—
—
Fifth
•
$l'/4
——
5-21
5-15
1
7-
50C
—_________
$ 1 Vi
.
$1%
(quar.),
Fajardo Sugar Co. of Porto Rico (quar.)
(Includes dividend
declared by Fajardo
Sugar Growers Asso., an affiliate)
Falstaff Brewing Corp., common (quar.)
8% preferred (s-a)
Fanny Farmer Candy Shops (quar.)
;
Fansteel Metallurgical, $5 preferred (quar.)
$5 preferred (quar.)
$5 preferred (quar.)
Farmers & Traders Life Ins. Co. (Syracuse,
N. Y.)
(quar.)
Quarterly
Federal Bake Shops, common
,•
5% preferred (s-a)—
Federal Grain, Ltd., 6'/2% pref. (accum.)—
Federal Light & Traction, $6 pref. (quar.)__
Federal Mogul Corporation
Federal Screw Works; (initial quar.)
Ferro Enamel Corp. (quar.)
Fidelity Fund, Inc. (quar.)
___________
■
•
&
1
5-29
17 %c
50c
Morse
6-
10c
(quar.)
7
1
5-25
$l'/4
(reduced quar.)__
Co.
Monthly
Monthly
Monthly
"
7-15
$3
Mining
Co.
7-
25c
Chemical Corp., common
preferred A (quar.)_
Heywood-Wakefield, 5% preferred B
Hibbard, Spencer, Bartlett & Co.—
5-21
7-15
$3'/2
25c
37'/2c
Heyden
iV*%
5-15
6-
Glass
Corp.
Irregular
6-20
Extra
$3
i
_
1
6-12
(quar.)
$5
7-
Cockshutt Plow Co., Ltd
Colgate-Palmolive-Peet, common
$4.25
preferred (quar.)
Collins & Aikman Corp.—
5% convertible preferred (quar.)
Colonial Finance Co., 5'/2% pfd. (quar.)
Colonial Ice Co., common (irregular)
$6 preferred B (quar.)
$7 preferred (quar.)
Colonial Stores, Inc., common (quar.)
5% preferred A (quar.)
r
6-
7-1
—
$iy2
common
5-11
6-30
_______
;'i;
5-15
preferred (quar.)
1
25c
(quar.)—
$5 preferred A
5-25
6 Vu %
6-
$1%
"Empire Power Corp., $6 preferred (quar.) —
$2.25 participating stock
Employers Casualty Co. (Dallas, Tex.) (quar.)
Quarterly
RR.
$1%
7-15
5-11
$1.60
(s-a)_
4%
Erie
5-15
1
1
60c
pref.
preferred (quar.)—
70c preferred A
1
8-
6-
75c
Ely & Walker Dry Goods, common
7% 1st preferred (s-a)
6% 2nd preferred (s-a)
;.1
6-
$iy2
guaranteed (quar.)—
Empire Capital, class A (quar.)—
6-20
6-15
25C
J.)
Haverty Furniture, common—
$1.50 preferred (quar.)_
Hawaiian Pineapple Co
1
Empire & Bay State Telephone—
6-15
50c
$l'/2
(quar.)
5-11
87'/2c
Corp.,
common
6%
5-11
Cleveland &
International
Co.,
6-
6-
(N.
conv.
t25c
(quar.)
1
——
(s-a)_.
5-11
6-15
50c
$2
$1%
1
2c
(quar.)
5-11
1
6-15
$l'/4
National Bank
$l'/2
(quar.)
preferred
6-
75c i
pfd.
$6.50
$6 pref.
6-
'$l'/4,
Pittsburgh RR.—
Registered stock (quar.)
Special guaranteed (quar.)
1
6-
t$iy2
$iy2
_
Coast Counties Gas & Elec., 5%
Coca-Cola Company, common
1st preferred
—
Eastern Shore Public Serv.,
6%
$l'/4
City of New Castle Water, 6% pref. (quar.)
City Water of Chattanooga, 5% pref. (quar.)
common
7%
6-
Eastern Massachusetts Street Ry.—
Eastman
preferred
5%
preierred (quar.)_
Clayton Silver Mines (initial)—
Cleary Hill Mines Co. (quar.)
—
preferred (quar.)_
Eaton Manufacturing Co
Elmira & Williamsport RR. 7%
$iy4
$iy2
$l3/4
(quar.)_.
(quar.)——;
6-20
(s-a)__
pref. (quar.)
Hart, Schaffner & Marx (irregular).
Hat Corp. of America, class A (reduced)
Harrison
Hart-Carter,
East St. Louis & Interurban Water—
7-20
•
6-27
(s-a)
Plastics
Durez
10-19
$iy2
87c
6-20
5-26
1:
25c
,
Greenfield Tap & Die,
7-15
•
-'■>7-
(quar.)_;
1
(quar.)
(quar.)
Carbon
6-
133/4c
(quar.)__
Green
5-15
1
(N. Y.)
Northern
6%
2
(quar.)
Command
5-20
.
Great Lakes Engineering
5-29
^ 6-
37 '/2C
—
—
6-
preferred
Columbian
150.':;:,
-.
Great
5-22
,
40C
11-
preferred
Class
1
1
$i.ya
1
$7
j
1
7-1
—
(H. W.)
Gulf Power
$1.17
(quar.)__
CorporationCommon (irregular)
6%
(quar.)
Fuel &
5-15
5-29
75c
8-
$6
Special
7%
8-11
1
pfd
conv.
Great Atlantic & Pacific Tea,
5-12
6-
fe
15c
;
preferred
5-20
6-1
$1JA
Cycle
Great American
5-29
1
8-
15c
7% preferred
$iy2
$5
Colorado
'
1
Duplan
8%
5-30
■5-15
1
'
preferred
$6
1
1
6-
6-
common——_____
Special
;_
Grand Rapids & Indiana Ry.
5-29
7- 1
15c
Bradstreet, Inc., common (reduced)
8-20
;
6-
35c
i2yaC
funds)
5-20
•5-20
6-15
4$1
25c
,
Common
5-15
1
Granby/Consolidated Mining, Smelting &
Power Co., Ltd. (quar)
(payable in U. S.
'
'6% preferred (quar.)
Dun &
soc
.
.
Stock
&
Gossard
'
—
Driver-Harris Company,
5-15
1
Cities Service Power & Light Co.—
y
•
l
6-
7;
Common
6-12
6-4
75c
t75c
preferred (quar.)__
A
Dravo
5-30
•
-
5-26
.
9-
(s-a)__
Telegraph (quar.)
Corp..__
Goodyear Tire & Rubber common
$5 conv. preferred
(quar.)
Gorham Manufacturing Co..—"—
5-20
1
Corp.,
(quar.)—
Shareholdirigs, $6
Golden
1
9-
.1
"25C
7t$iy«
Investments, Ltd.—
(accumulated)
(quar.)
Corporation, common
50c
5%
Class
Gold
'12-23
6-
$40c
'*
preferred
25c
preferred
Coca-Cola
'
$2
-mv2
$iy2
5%
A
10-
1
6-12
6-
*
62'/2c
Dominion-Scottish
6-12
Cinn., New Orleans & Texas Pacific Ry. Co.
class
•.
$l'/4
—
preferred (quar.)—,
5%
^ 5c
12m ~ ' 6-15
-
12-19
6-15
$l»/a
(quar.)_—
—_—
6-20
'
(quar.)
Copper Company
Chrysler Corporation
$3
6-
•
Oil Co.
Equipment,
Mines, Ltd.
6%
5-20
5-25
$1%
Chile
Clark
•6-
1st preferred (quar.)
Dominion Foundries & Steel, Ltd.—
5-15
6-20
(quar.)__
1-5-43
7%
5-20
t$lMa
6%
preferred (quar.)
Chicago Yellow Cab
City Ice & Fuel Co.,
class A
Co., $2.50
5-15
5-30
30c
5% pref. A
(s-a)____
Corp.,
'
6-20
•
—_
5-15
1
6-20
"i v
6-
;
___
Georgia RR. & Banking Co. (quar.)
Gibson Art Co.
(quar.)___
Globe-Democrat Publishing, 7% pref. (quar.)
Gold Belt Mining Co., Ltd. (interim)
5-15
6
J55'Ac
(quar.)
(monthly)—
a—Dominion & Anglo Investment Corp., Ltd.—
'
'
5% preferred (quar.)
Dominion Envelope & Cartons, Ltd.— - -
6-20
.
5-20
$l'/2
Chicago Wilmington & Franklin Coal Co.—
6%
preferred (quar.)
Cotton
Dixie-Vortex
•5.-15
6-15
Chicago Corp., $3 convertible preferred
Chicago Flexible Shaft
Chickasha
com.
Dominguez Oil Fields
t$l%
common
1
25C'
pref. (quar.)
8-20
11-20
v
t25c
—
—
'Glens Falls Insurance Co.
1
7-
75c
1
•5-20
,
44/1,000 share of common stock or $l'/2 in
CESht'" * ' ' (
12-23
6-
50c"
:
(quar.)_i
Co., 6%
Ltd.,
5% preferred (quar.)—_—
Co.—
(quar.)
10-
37'/2c
Doyle Machine & Tool Corp.
Company
Champion Paper & Fibre
6%
preferred (quar.)
preferred
Dome
5-29
$1%
$l'/4
$lJ/a
$7
prior lien preferred
$6 prior lien preferred—
Century Ribbon Mills 7% pref.
8%
5-15
t$lVi
West
1
25c ; -I. 6- 1
(s-a) _:
5-20
1
12-1
,
__1— •VtlMicr.
preferred (quar.) ________
$1%" "
; 25c vt
B'
Motors
General
9
10-
12-23
i
——
1
;i Jtv7 ft
6-1 1
r
87MlC;
I
(quar.)
$5 preferred
5-20
12-23
25c
.__—f
Distillers Corp.-Seagrams,
6-28
Co.—
Light & Power $6 pref.
5-
10-
.
6i
-
.
Finance
preferred
General
5-15
$1%
—___
*•
tv.J25crt;
(quar.)
*
Common
1
•
1
t$lVa
South
Co.
Box
General
5-20
$1%
<
(reduced)
common
1
6-1
$2
——
1
7-
25C
preferred
participating
7-
25c
preferred
preferred
6-20
Service Co.—
Service
6-
$2
—
'*
Brush Co.,
General
5-18
$2
-
w-
$1% t.
:
Sulphur Co. (quar.)——
Trailer, common.—_______—.__
convertible preferred (quar.)__—___.,
General Cigar, 7%
6-15
1
$l'/4;
(quar.)—
6-
50c
$1%
preferred (quar.)
Central Foundry Co., 5% conv. pref
Central Illinois Light Co.. 4'A% pfd. (quar.)
,
30c
—
5-15
9-
:
7% pref. (quar.)
Industries, 5% preferred (quar.)_
,GeneraKAmerican • Corp. (quar.)—
5
1
6- 2
;
$1%~
■
6-20
6-30
$l'/2
$3
50c
7%
Public
6-30
$iy2
w"'!
6-
r
> 7-
'
Di-Noc Manufacturing
...
1
5-29
,
75c
(s-a)
■
17'/2c
—
(quar.)
Gar Wood
6-20
6- 1
y
$1%
(quar.)
6-20
1
6-
(quar.)_
Brewing
Pitt
V, 5%
1
6-
J3c
,
6-
6-30
35c
'
Co., common.
Dictaphone Corp.,
4-15
1
Telephone & Telegraph (quar.)
Caterpillar Tractor
(quar.)..:
Century Ribbon Mills, 7% pref. (quar.)
Illinois
B
1
•
Freeport
'
•6-
~
7-
$lVa
:
6-30
6-
'
$1
(quar.)
6-
5-15
t4c
Carolina
^Central
pref. A
tW'
_
7-22
2
;'.7-1
(quar.)
1
"t$lMi
Capital Finance Corp., 6% pref. (s-a)
& Co., Inc., $2 cl. A (quar.)
Arkansas Public
Fort
6%
4; 25c
j
1
"
$3
.v*
1
—
,-Fort Wayne & Jackson RR., 5'/2% pref. (s-a)
•Fox De Luxe Brewing Co. of Mich, (initial)
v
(quar.)_.
preferred
6%
•Carman
Central
7%
Power
Class
6-18
6-15
7
6-
7'f:23c7v
••
4
.
Ford Motor
5-27
9-
;
7-
t$2
J10c
J10c
(interim)
——
6-30
$1%
preferred
(quar.)
preferred
(quar.)_
Devoe & Raynolds, class A (quar.)
5-15
1
6-
f$2
$50c
—
5-i6
•
•
1
6-10
15c
r
preferred, (quar.)
Co. of Canada, cl. A
7%
,
9
:10a.
7
;
(quar.)
(quar.)_——
Detroit Gasket & Mfg., 6% pref.
5-18
Natural
Class 'B':—
5-
1
"i-l $! Va
—
(quar.)_:
7%
(irreg.)
(quar.).___——;
• •
5-12
.7Vo
Co., Ltd. 6%
preferred
Florida
5-29*
.
6-
$1%
Fruehauf
-t$l3/4
Semi-annual
—
6%
.
1
6-
6-10
,
—
preferred
7%
>
5-29
.
6-
6-10
(quar.);
(Chic.)
(quar.)______
Co.
(quar.) ______;—;
preferred,-"(quar.)—
preferred, (quar.)
;—_—
7%
*
5-29
.
6-10
25c
Pawners Society
(M. H.)
6-30
50c :
——
Quarterly —__J—_____—.—
10-22
preferred
preferred
7%
Detroit-Michigan Stove Co.—
(final)
Co.
•:
5-29
•
Detroit Hillsdale & South Western RR.
(accumulated)
Western
«.<
j
(General Bottlers, 55c. cohv. pref (quar.)____
(reduced),
(N. Y.), common
preferred
7%
5-31
6-15
pref.
Gas,
Light &
preferred (quar.)—.
Canfield Oil Co. common (Irregular)
Power
Extra
7%
■t il- 2
Inc., 7% preferred
Supply
$1
50c
■
25c
Fitzsimmons Stores—;
I
10c
Dayton Power & Light, 4'/2% pfd. (quar.)__
& Co., 7% preferred (quar.)_
Delnite Mines, Ltd, (interim)
6-15
—
Marconi
Canadian
8
5-11
2
6-
Deere
'
Canadian
v
5
5-15
7
v
—-—__—ah—
___L
First State
^
6-
6-
:
Fitz Simons & Connell Dredge & Dock Co.-r
5-15
>
.
6-15
6-
■
■
,; t
v
<.6-15;
$VA
■
preferred
(s-a)
;
'Fishman
"• $1%
Curtis Publishing Co.,
Canadian International Investment Trust—
5 fe
.....
i.
<
5-15
Cushman's Sons,
(Ogden, Utah)— *
Security Corp.
A
pref.
Bank
Extra
•
'
1 '•«;
6-15
7:
nv/2
.7
'
;
6-
7
•_■!
6-1
6-15
(San Fran-
*6-23
5-20
.
>,
1
6-15
;
$l'/4
Press, Inc., 4'/2%
6-15
+85c
Canadian Industrial
■
Indemnity Co.
6-20
6-25
5-15
6-
IX
6-
■»-
v
..:.,25C«
(extra)
prior pref.
5-31
1
Fuller
5-22
6-
Canadian Foreign Investment Corp., Ltd.—
,.
___—1
1
6-1
6-20
6-15
.
1
-y-
6-10
6-15
6-30
2c
.cyclase
.
Shares—
RR.
67/aC
6-
5-20
1
6-
••
.
—
Co., Ltd.
6-29
6-
87Vic
(quar.)__—
Clinton
Inc.
6-30
•
7-
5-25*
7
,
t
!
pref. (quar.)_
Cunningham Drug Stores, Inc.—
6% class A prior preference (s-a)__„____
Cuneo
5-16
(quar.). Stockholders approved plan for
clearing all arrears by raising the annual
dividend rate from $3 to $3.40 and in-
Canadian Fairbanks-Morse
*$1%
preferred (quar.)
preferred (quar.)______
(semi-annual)
1
6-
J50c;
,
conv.
Port
&
—___
(quar.)_—
60c
Fund
Fund,
Tire 81 Rubber, 6%
National
9-15
1
:».K;
7
(quar.)_________^ ;
Forster -Insurance
&
.«
•
-
8%
preferred
5c
(quar.)
Class
of America—
Co.
convertible
5 %
25c
56 y4c
(s-ra)
1
6-
6-20
$l'/a
■
6-15
6-157
.
$1
V:
»
_
$5 convertible preferred
Crucible Steel
5-15
6-5'
Zellerbaeh Corp.—
Crown
5-15
5-
%
5-29
6-20
$2'/2
First
5-8
6-20
6-30
(quarj__
5-30
:
6-30
(Chicago)
(quar.)____
;First National Bank (Jersey City) (quar.)__
....'
1
10v
,...$l'/4
.
7-
v
30c
...
...
•-
Inc.—
\
6-15
v■-20c,
.
(quar.)—
$2.25 preferred (quar.)
Crow's Nest Pass Coal Co., Ltd.
cisco)
5-19
$2
i
■
—
Cork & Seal Co.,
Crown
First
:
I25Q
Extra
...
5-15*
6-15
;25c
^
-
V.
creasing the redemption price of this pre¬
,
.......
(reduced)
Creole* Petroleum
5-12
1
convertible preferred
$3.50
5-15
5-25
6-
J37'/2c
(quar.)...
Canadian Bakeries 5% pref. (accum.)
tv
6-20
6-15
?
6-
J
-
(quar.)
(quar.).————
Breweries,
1
6-15
7-1
1
-
40c :
iCurtiss-Wright Corp., class A„„___'
(interim)
Canadian
9
6-
.
5c
—
____
Industrial
Firestone
J 15c ;.-,6-15,.
______
—._—;
—
5-15
6-30
150
_____—
Firemaa's
>
5-15
1.
of Re0.
15c
preferred (quar.)___
1
Holders
Payable
v-:
,
'
Financial
6-
$2
Varnish, common (quar.)__^_
preferred (quar.)
Corrugated Paper Box Co., Ltd.—
i,
7% preferred (accum.)
Crane Company, 5% preferred (quar.)_____
Creameries of America, Inc.—
5-20
5-
Co.
(quar.)
5,'/2 %
1
5
•
*
$4
.
5-26
1
Co.
5-
(Bait.)—-
When
Share
,
(quar.)_:
Extra
6-
my2c
•
6-
.
Extra.
5- 5
6- 1
.
,
$1%
,7 *
Cook Paint &
8
..
preferred
6lk %
Oil
6-
15c
Vinegars, Ltd. (quar.)
Canada Wire & Cable, Ltd., class A
55c
V„xpc
,r'
'6- 1
,
ciass:B;1 (quar;)
.■■■
.
12-24
6-15
r,
A
"
Canada
Class
Continental
5-
May
shares
shares
5-15
5-21
1
7%
(quar.)
Registered
6-15
Casualty
6-15
June
Malting Co., Ltd.—
.Canada
2
Continental
Culver
Canada Dry
-•
25c
"
9-25
12-31;
•
60c
_
Continental Can Co., Inc.,-common
......
the quarterly
Ginger Ale
Foundries & Forgings,
t$l'/2
$iy2
Gold
Consolidated
Name of Company
1;
,
6-25
9-30
.
62'/2c
(s-a)__
5-30
5-29
$1
due
to
preferred
6-1
(Calif.)
of $1.75
dividend
t$lMi
—
5-22
6-
1, 1940, and
1, 1942—_ t$1.9323
Canada Crushed Stone Corp., Ltd. (interim) •
ilOc
!Canada & Dominion Sugar Co., Ltd. (quar.)
t37'/2c
•
non-cumulative
$2.50
Per
,
,Finance Co. of. America
6-30
t$l'/a
(quar.)_
pref.
1
7-
$l'/4
<
(A. M.) Co.—
preferred, representing
Power, ti%
7-18
¬
-
Byers
(quar.)—
Power Co.
Holders
Class
(N. Y.) (quar.)__^
Dredging, Ltd. ; (irreg.)
Consolidated Retail Stores, 8% pref. (quar.)
8% preferred ' (quar.)___.—
5-15
Machine Co.
&
6-15
5-22
50c
Consolidated Edison Co.
1
6-30
(quar.)—
■•—>■ 2c
(quar.).——_____
50c
Sullivan Mining & Concen^
trating Co. (quar.)———^
——
25C
Bunte Bros., 5% pref. (quar.)—i_-;
:
$l'/4
Burlington Mills Corp., common (quar.)
'
35c
(
$2.75 convertible preferred (quar.)
68%c
Burroughs Adding Machine Co.
15c
Butler Brothers, common (irregular).,
v
15c
1
5% convertible preierred (quar.)..
« 37MiC
Die
Buell
Bullock's, Inc.
Bunker Hill &
5-29
5-15
5-25
t80c
50c
flOc
25c
—
;
Of Rec.
Cigar Corp., 7% pref. (quar.)
Consolidated Coppermines Corp. (irregular)
Cons. Diversified Standard Securities, Ltd.— *
•
t40c
I$lMi
50c
$1%
$1U
.
(quar.)
Co., Inc.
When
Payable
Consolidated
5-15
5-25
in
•
Bristol-Myers Co. (reduced).
Brooklyn Edison Co. (quar.)
—-----Brooklyn Telegraph & Messenger (quar.)—.
Brown Pence & Wire, preferred A
.—
Brown
,
—
Brazilian Traction, Light & Power—-
ordinary shares (interim)
6 % preferred (quar.)—_
1
1
6-15
50c
—.—
(quar.)
Casket Co.
Boyertown Burial
76-
25c
Rubber Co
&
;
.
,
(Toronto)—
Life Assurance
•Connecticut River
6-15
30c
$2
* $4
50c
——
Company (interim)————
Borne-Scrymser Co.
———.—
Boss Manufacturing Co.
(irregular) ______—
Boston Wharf Co. (irregular).—
;
Quarterly
————
'•Quarterly
Quarterly
——
——
Congoleum-Nairn, Inc. (quar.)__-——
Connecticut Light & Pwr., $2.40 pref. (quar.)'
$2.20 preferred
(quar.)_____I*t„__.—
Connecticut
6-
Borden
-
Community Public Service Co
6-
$1%
50c
$l'/2
$l'/4
$iy2
'
6-
able
Bohn
i^JVamc of Company
vy •
of Rec.
50c
$iy4
/
$5 convertible preferred
'
Payable
share
■
share
Holders
When
-
-
6-
5
5-13
5-13
'
5-15
s
Ingersoil-Rand Co.
Inland
Steel
Co.—
____________—_—
$2
162 Vic
.
5-19
•
1
.5-15
5-25
«
7-
2
10•;
1
9-30
12-31
6-30
6-
$1
5-20
1
6-
37'/2c
1
6-
12.'/2C
•
4-21
1-2-43
t$3%
t$3%
t$33/4
5-11*
7- 7
i: 25c
1
20c
$1M»
5-20
5-20
■
6-10
7-1
50c
$1) '•
5-22
;
6-1
-
$1M»
-'
•_•__-—______ -
6-
6-11
>
6-15
7
$1 Ml
s;
•v
6-
6-ifc
6-12
5-15
1
5-11
'
•
5 -<15
Volume 155
Number 4075
'
THE COMMERCIAL & FINANCIAL
CHRONICLE
When
Holders
Z Per
share''. Payable of Rec.
"""
A
Industrial
Name of Company
National
Bank
Per
""
.
' 'V'
:.'
Name of Company
4 Va %
„
,—____
60
———--
Kaiser,
J
Cigar
Machinery—™:..—
Harvester, 7% pref. (quar.)—
International Nickel Co. of Canada, Ltd.~
Payable in U. S. Funds_______—
International Ocean Telegraph Xquar.1"
International Products Corp.—,
L—Jl-i.
International" Silver Co;
'
Interstate Hosiery Mills:.-
•
--—.J
''
Irrtertype Corp.
Quarterly
Quarterly
A,
Island
Mountain Mines Co., Ltd. (irreg.) —
Jantzen Knitting Mills, 5% pref. (quar.)___
Jewel Tea. Co., Inc., com.
(quar.) (reduced)
W!o
preferred
preferred
(quar.)
(quar.) Justrite Manufacturing Co.
';,i
$1.06 V*
$1.06%;
—'
\ 25c
-
Middle
preferred
(quar.) ___________
preferred (quar.)
—ii—l
1,
i; Lake Superior District Power Co.—
fl -x 5% preferred (quar.) ____________________
"7%
iy
Woods
preferred
Milling Co., Ltd.,
'
$2
'
'
,
Common
t$l34
♦
.
9-15
Mohawk
12-15
Monarch
6-1
6-
5-15
7-
7-
5-20
6-
^
V
5-
6-15
5-29
6-15
6- I
7-
1
6-12
'25c
9-11;;
12-11
.
7-
1
7-
1
$2
—
,
"
,
5-29-
:.
,
g_ 2
f,
A
v
,y-i
5-19
4C
6-15
5-15
'V
25c
-
1 La Tourneau, (R. G.), lnc, .(quar.)^^__—•— .*
50o
Lexington Water Co. V?9: pref..: (quar;)——"*$1%'
^i liibbey-Owens-Ford Glass Co.——
25o
r"
v Liberty
Finance Co., parties pfd, (quar.)—«
14c
Life & Casualty Ins. CO. of Tenn.
15c
(quar.)—
Life Savers Corp. (quar.)_—__
40c
Liggett Si Myers Tobacco, common (reduced)
75C
y
Class B (reduced)
-5-20 '
v
6-1
6-10
;
-
7-
i
5-20
1
6r20
6-1
5-15
Philco
6-20
5-30
;
5oc
y.
.
5-12
50c
8-
1
6-
1
1
5-9
6-
1
.5- 9
6-
1
■.
$2.
(quar.)':——
Lion
Match
Lionel
•
Co.,
Corp.
Little
Co.—
Original capital
Original capital
Original
^'
Special
Special
vyi
Loblaw
(quar.).—
(quar.)
Grocerterias
1
6%
6%
-
6-20
6-
5-29
•
15c
.
8
10-
1
1-2-43
12-31
6-1
5-15
6c
: 5? 8
»'
$1.10
—
...
■
..
9-10
50c
>.
11-24
:i
25c
(quar.)
preferred
5-
1
5-
1
5-
t$2(4
•
25c
s
.
(quar.) ———w:.
-Participating
6% participating preferred (quar,)—...—\;j Participating 1 "ii.;—.—.—
Lord & Taylor 6% 1st pref. (quarO^iii—__
—
7-
Louisiana Ice
Extra
vn
•
& Electric
,
1
6-15
V
9-
$1(4
5-16
'
5-15
6-
*5-15
Lunkenheimer
■*
6 (4 %
;
6(4%
1
4-24
;
6-15
$2
1
r
:
Lusk Royalty Co.———^
Lynchburg & Abingdon Teleeraph Co. (s-a)vr
Consolidated—
iv
7-
l
9-21
1-2-43
$^%
12r22
6-2
pref.
7r i
V4C---6-10
43%0 y
(quar.
'
5r20
7%
43%C 8-31
preferred (quar.
7% preferred (quar.)..———-——.:—— r ;,.43%c;; 11-30
Mclntyre Porcupine Mines, Ltd. (quar.)—
t55M?C- -> 6-,' 1
.;
-
*
\
-
■
8-29
4
5p l
MoKenzie Red Lake Gold Mines, Ltd. (quar.)
McKesson & Bobbins, 5(4%. pref. (quar.)..;
Madison
Magnln
<•6%
Square Garden
(I.)
& Co.,
6%
(quar.)_—
preferred
(quar.)——
Mailory. (P. R.) k. Co., Inc.——
ManhattanrShirt Co; (quarry.—£
Marcomi
Internat.
Marine
$6
preferred
(quar.)—
(quar.)
$5,50 preferred
$1(4
...
,20c
6-10
——
25c
•
'
^25c
—.
.
y
Norfolk
-'
■
•
*
5-29
•
:•
6-10
5-14
y
6-1
%
5-23
V6* 9
5-19
6-1
6 -. 1
5-15:
5
5,-15j
1
Ltd;
Western
$5
Car
1st preferred A
Quebec Power Co.
5-29
8-15
7-31
River "Insurance
Regent
$1 (4
75c
6-13
6-
50c
6-15
4
a'r
5%
preferred; (quar.)
Northwest Bancorporatlon
25c
7-
1
$1%
6-
1
$iya
$1(4.-
'
6-
■*
6-
1
6-
1
25C
V
•
5-20
60c
.
5-29
6-
1
.'5-16
7-
$1V4-
i;
6-16
37%c
6-15
5-22
:
'
/
$1(41.
50C
6..
1
5-15
/
8- .1
6-
*
1
6-
•-
25c
1
7-15.
5-14
5-14
.
6-1
.,5-14-
6-10
6-13
V
5-20
;
1
8-I5: A
-
8-
1
11-16
6-
25C
;l
5-20
6-19
$2%
•5-29
6-5
t$2.(4
6-10
6-
$1
5-25
6-10
;;:'$i
a
_
50c
•
5
5-18
5-25
6- 1.
.5^15
Knitting
.
5-18
6-1
.
fe9^15VVi
5-15
6-15.
*5-22
*7-1"
VI6-10 VI
*
5-19
6-1'
6-15'
7%
t
f-5-22
''
7-15
6%
5%
9-30V
'7-15
7-6
'6-1
-5-20
6-26
5-26,
6-1
5-15
5-291
5-20
6-
15-15
:
6-
1
5-15
;
5-19
6-1
6-15*
5-25* <
7-1
8-1
5-15
6-10
5-20
$1%-.
6-
1
5-20r-
$1(4
6-
1
5-20
5-19
$1 Vz
•
5-29'
•
■
;
6-15
•
5-29*
'*
6-15
5-29*
6-
1
5-20
6-
1
5-20
6-1
50c
'
58(4e-
5-20
25c
6-
$1 (4
6-
$1 (4
6-15
'
5-15
-
•
5-15
50c
-
(quar.)_
6-15
25c
6-
$iya
5-15
5-15
■
5-15
1
5-18
5-29
5-
1
25c
6-15
5-29
$25c
—
1st pref.
pref.
6-15
5-15
6-15
$l3/4
—
i__
5-25
4-23
6-1
5-19
25c
(quar.)
6-11
,50c
:
87y2c
(quar.)
7-
5-21
1.
6-17
6-30
$25c
6-20
9-15
8-31
—
$40c
6-1
5-15
__
$40c
9- 1
8-15
$40c
12-1
11-16
6-15
5-30
A 5-22
,
V
$$1%
30c
6-15
37'4c
'
6-1
5-22
5-25
30c S
(quar.)
$1 (4
"D"
(quar.)——_____"
"E"
(quar.)
Paper" Co.,-' Ltd.
6% 'preferred (quar.)
-
5-11
(irregular)
common (quar.)——
$2y2 convertible preferred (quar.)—
^
St.: Joseph
;Leqd Co.__
5-20
5T 9
^an Franc^scd
3%
6-9'
9
6-15
6-
6-30
6-1.5^
6-15
6-1
1
5-20
5-
2
5-
2
5- 2
?
6- 1
5—15
37y2c
6-
1
5-16
$$2
6-
1
4-30
5-25
4-30
.0023c
'
'
25c
V
7-
1
6-15
25c
6-15
6-5
.V 50c
6-15
'5-29
15C
6-
first pref.
second .preferred
\
-i-
1
6-
1
5-15
6,10
62 (4c
—i-v-:--:' .50c
(s-a)—; :;.VV $3
$1»4
(s-a)————$iya
pref. (quar.)——.„
Remedial Loan Assn., (qua^.) * 68 (4c.;
6%
7-
f
St. Joseph Water 6%
-
6- 9
t$iya
(Helena), Inc., class A (quar.)_
Manufacturing Co.
(quar.)—;
Rustless Iron & Steel,
7-15
7-
•
Rubenstein
Manufacturing Co.
7-15
6-
$1(4
—_
Russell
88-
7-
;; $iy4
——
Roxy Theatres, Inc., $1.50 preferred (quar.)
Royal Bank of Canada (quar.)
Royalty Income Shares, Series A——-—
:
'
—
Rollaiid
Ruud
'*.
*6-30 /.
10-15
7-15
30c
"C"
;
5-20
6-1
-
preferred
preferred
preferred
.
iv5-20*-:i
ir
6-
15c
"•
Mills,
St. Louis Bridge,
i
:
f
$1(4':;
$1W
$iya
:
-
non-cumulative
5-15
5-25
5-12 ;;
6-* 1
.
70c
—-
non-cumulaitlve
6%
'
5-18'
5-12"
10-11'
.
$1(4.
,
.
Co
6- 1:
,
—
'
1
5-29
r
.
*
6-1
$iy4
25c.
Bit
;
5-29- i"
25c*
—
U- 2
6-15
5-ii
5-28'
! 15-8
$2
nen-cum,
Corp.,
;
T
5-11
1
6-
6-12
.
1-5-8
> -5- 8
5-20
5-20
6-;TV
■V
Republic Investors Fund—
6% preferred A (quar.)_—
15c" !
6% preferred B (quar.)——
15c
Republic Steel Corp;, common (reduced)
25c
6% convertible preferred (quar.)
' "V$l(4
6% prior preference A (quar.)
$iya
Rheem Manufacturing Co. (quar.)
25c
Rich's; Inc.; 6(4% preferred (quar.)——_—
$1% 5
Roan Antelope Copper Mines,Ltd. (interim)
'5%
Rochester Button, $1.50 conv. pref. (quar.)_
37 (4c
Rochester^ Gas'& Elec. Corp,—
5-22
6-1
6-
.•
:
•
5-30
1
6-10 ! V'. 5-22
t87(4fe:
—
5-15
"
5-31
'V
6-1
6-
$1 (4
—
—
5-15
6-15
1
t
20c
Si
1
50c
Ltd.,- common——
preferred (quar.)
preferred (quar.)
$1.60 non-cumulative preferred (quar.)
Reliance Grain Co., 6]/2%
pref. (accum.)
Reliance Insurance Co. (Phila.)
(s-a)
Reliance Steel, $1.50 conv. pref. (quar.)—
Republic Insurance Co. of Texas (quar.)—
6-12
~
(WI$c.)r— r
(irregular)—__
5-15
6-1'"
6-
40c
—
(quar.)
$1.60
5-29
25c "
(quar.)__^_y_
5-28
*■'
$iya
,
—
$1.60
3
6-10
f quar.
Reed Roller
'
1
Northeastern .Water St Electric—- *
,$$; preferred < quarr)____
Reed-Prentice
5-20
Corp.—
Co.
11- 5
2-5-43
Indiana—
Quaker Oats Co., 6% preferred
Quaker State Oil Refining—
.
5-20
1
8- 5
11-15
*
Rayonier, Inc.-
6-
6-15
;
2-15-43
-
preferred (quar.)
Purity Bakeries Corp
5-13
$1
6-20
1
8-15
35c
8%
10-20
1
50c
?"
f;
5-31
6-30
:S;7-:
35C
10c
(monthly)—
6-15
$iy4
(quar.);
T
(quar.)_
1
"
North Pennsylvania -RR.
preferred
preferred
5-20
6-
mr~'
.
6%
7%
,
10-30
50c
common
preferred
7-22
6-
$i.27ya
(interim)
Ry.,
$3
50c
1
(quar.)_
of New Jersey-—
(quar.—
1
27 (4 c
$l3/4
(quar.).
6-10t
41 %c
(quar.)
preferred
6-15
8-
$1 y.v
-Northern Pipe Line (irregular)
Northern States Power'CO.
•
5%
7-18
$134""
96 1st- preferreif-B
North
^
.
5-23
5-lfl
*
-•
Mines,
&
North American
$6
5-11
»
$1(4
$1%;
Noranda
5
r
75c
r
——i
;
8-
'
class A
6-20
,
.
(monthly)
(monthly)—1
Common
7-18
25c
nonTcum. preferred (quar.)_____
Y. State Elec. & Gas, 5.10%
pref. (quar.)
5-31
25c
Public Service Corp.
5-29
1
2c
.
$5
6-15
8c
Colorado
of
5-29
6-15
8c
Co.
5-20
6-15
75c
preferred
preferred
Reading Co., 4%
com.
(s-a)—;
(quar.)
stock —I
Service
i
6-1
'
$1%
stock
of
5-11
5-11
$1
—
5% pfd. (quar.)—1
preferred (quar.)
;
6%
5-12*
.....
Pow.,
1
i>
(monthly)
7%
7
8-
$iy8
$l3/4
"
&
6-
(quar.
Co.
5-15
6-
preferred D
Service
'
5-15
6-15
2c
,
6-15:
6-17
35c
preferred
Public
11-10
■
5-29
25c
_1
(quar.
New Jersey 'Zinc Co'.^-i;—
New York &. Queens Elec. Lt.
5-28
-
8-
1
1
75c
New
n.
5-12-
6-1
_1_
Ninteen Hundred Corp.,
y
Class 'A" (quarterly)
11- 5
Original
8
25c
Co.
1
Common
•.
•
5-25
8-
11-14
i.—
—
5-30
5-20
'8-15
"*Co.,; Ltd.. Amer. dep. rec. (final)_. :.ii;a5%
Masonite. Corp., common- (quar.).——'25c
4(4%
preferred (quar.)_______—■*.$1 (4
t
»
6
5-15
'
,50c
Communication,v.v
May Department Stores (quar.)
Mead Corp., common •
-
- >
1
6-
t,
5-25
$l'/2
(irregular).—rfi
preferred
6-
■
6-15
$1.31(4
50c'
Macklntosh-Hemphill Co. (Irregular)^
Macmtlian Co., common (guar.) _—25c
—
6-15
t3c
1
6-
$1%
.
2 i*common- class
(
7% preferred
11-28
—
9-
12-
,
5-
50c
.$5. convertible preferred; (quae)t____«.:
Bedford Cordage, common...
.
5T29
'5-30
1
-
5-22
-
p.———
-
6-15
lc "
y>.
6-
15c
—
1'
1
W6-; lv
$1%
^ $15c
-
—
5%
5-14
—
•
pref.
.
5-15
15c
Co., 5 % pref. (quar.)
Brothers? Inc. (quar.)
;
Newberry.- (J. J.) Co., 5% pref. A (quar.)—
yy- Common (quaii). :—I—_1__'
Ilewmont Mining Corp.
Newport Jpews-Shipbuilding & Dry Dock Co;-
: : 6-20
1
conv.
Cashable
5-21
Neisner
■
y MoClatchy Newspapers, 7%
1
4
Neiman-Marcus
6? 6
10-
.
$1s/B
6(4%r preferred (quar;).i.——^s.
M.
$1%
y
.
12-17
25c
Natomas Company
(quar.).
Nebraska Power Co,; 7 %
pref. (quar.)
", 6% preferred (quar.);
;___"'
Co.—
preferred (quar.)—
preferred (quar.)————
M.r Ji'ir M,
6-
:
12-28
6-
.,
Transit
25c
35C
-
(quar.)
Finance Service, $6 pfd. (quar.)
Public Investing Co.
(Phila.)r'
6-18
5-25
______
4C
5%
Public
9-17
6-
.
Louisville Provision Cd.—
v»" 8% participating preferred (s-a)—Ludlow Mfg. Associates....—__—a,
6-27
9-28
15c
Linen
National
-
6-
5-15
50c
(quar.)
77-
-
■:&; 25c
—
5-15
$81 (4c
Service;-_______________
National Paper
Type Co.—
5% preferred (s-a)
National Steel Corp. (quar.)
—"
11-20
11-20
50c .*■
•
;
National
..
;
Common "(quar.)_—
5(4% conv. preferred C (quar.)
",
Public
National Life & Accident Insurance
Tenn.)—
8-20.
12-
6-
6-
50c
Quarterly
6-.1;
1
25c
.
■■
preferred
5-15
6-15
5-20
$iy2
Provincial" Bank of Canada (quar.)
Provident Loan & Sav. Society of Detroit—
5-21
6-20
$1%
Gypsum, $4.50 pref. (quar.)
National Lead Co,, 7% pref. A
(quar.)
8-20
12-
A.
25c ;
$3
-
National
5-20
1
50c
;
preferred (quar.)
Corporation (reduced)
Prosperity Co., 5%
6-20
6-
7-
$1(4
1
6-
1
50C
Procter & Gamble Co.,
1
-
'5-20
25c
(s-a)——i____.
—
:
6-
"$1(4
.
6-20,
6-20
6-
$1%
(quar.)y
(increased)
Prentice-Hall, Inc., common (quar.)
6-20
50c
(quar.)-.
National, Container Corp. (Del.)
National Elec. Welding 'Machine Co.
(quar.)'
Quarterly *
4-20
9-
.
A*
5-18
.
V:$-%'.preferred.;.;(quar.)'-i';
..
5-14
1
$1 (4
$3 convertible preference
1
6-
25c..
...—
■
'
Class
6-30
6-
a
$1(4,
■
,
7-
;
^$1(4 r
-
■—i—-
5- 9
7-
•
$2
(ctfs. of ben. int.)
participating preferred
5-30
$1
*$l
;
Participating
1
6-
6-15
7-
$1
preferred (quar.)
Bearings Metals Corp., commonNational Biscuit Co., 7% pref.
(quar.)___
National City Lines, common
(quar.)
9
—
;
1
.
5-15
30c
(quar.
pref.
6-
;
5-15
$2
6%
9
6-
..
5-22
.5-15
6-10
$1
National
9
6-
(monthly)
Longhorn Portland Cement Co.—
5% participating preferred (quar.)Lc;.;.L.v.
'
1
25c
—
(quar.)
Long-Bell Lumber, $5 pfd.
■;'
1
6-
(quar.)..
—
Lock Joint Pipe Co., common
Common (monthly)
8%
6-
12'/2c
B
v
11-24
.
3
6-15
t$3»/4
(quar.
National Automotive Fibres 6%
6% preferred
(quar.)
8-24 ;
12-10
i2y2c
Class
e-
15c
•
National Acme Co; _J__i
3-25
9-10
..
of- America—
5-15
6-10
lc
30c
__
Nanaimo-Duncan, Utilities, Ltd.—
6(4%> preferred (quar.)
!___
NarraganSett Racing Association (irregular)
3-25
A 8-24
6-10
50c
50c
...
Ltd., class A
6-10
.
$1.10
(quar.)
(quar.)
1
6-
20c
.
.6% preferred (quar.)
..
.
12-10
..
$1.10
—
preferred
$$l'/4
.
10-1
$1 (4
■
Miningr&l Develop,.Co.; (quari)
preferred
5-18
.
7- 1
35c
Motor Wheel'
6-15
5-
9
5-31
1
$1(4
Mutual Chemical Co.
5-20.;
■
.
capital (quar.)_——
guaranteed (quar.)—
i.
guaranteed
guaranteed
Special
1
50C
—
*
2
50c
$1%;
(Irregular)——
com.
RR.
,:-6-
7-
...
.5-21.;
I
"6-
$$2
(accum.)
,6-
5-
.6-15
$1(4
—
5-21
*6-1
$i%;-:
(quar.).—
Miami
30c
r;
$31 (Ac
Murphy (G. C.) Co. (quar.)
Murray Ohio Mfg. Co.
Muskogee Co., $6 preferred (quar.)
Muskegon Motor Specialties, $2 cl. A (quar.)
,10-26,,
1
,
5- 9
6-
$2'A
.
(irreg.)
6-
*
96c
(quar.)L-__
Supply Co, (Utah),
$15c
■•■Extra
5- 9
$2 »/4
•
partic. pref.
5-26
6-
Piper Aircraft,' 60c.r conv. pref. (quar.)—
15C
Pitts. Bessemer & Lake Erie RR., com.
:
75c
(s-a)
6% preferred (s-a)
$iya
Pittsburgh Coke & Iron Co., $5 pref. (quar.)' ) i.$l%:
Pittsburgh St Lake Erie RR. .(reduced)
:
$2
Pittsburgh Plate Glass Co
75c
Pittsburgh £3teel, 5 Va % prior. preferred
t$2%
Pittsburgh Youngstown & Ashtabula Ry.—
7% preferred (quar.)
$1%
Placer' Development, Ltd." (reduced);—
$25C
Plomb Tool Co., common
:
*15c
(quar.)
Commone (qUar.)
:U.
15c
Plymouth Rubber, 7% preferred (quar.)——
$13/4
pneumatic 'Scale, Ltd
30c
Polaris Mining Co/ (resumed)
'65-:
3c
Poor St Co.; $1.50 class A preference—
f37(4c
Portland Sc. Ogdensburg Ry.,. guaranteed—
35c
Potomac Elfectric Power, 5y2% pref..-(quar.).
:$i%?
5-26
5-26
6-20
—
(s-a)
preferred B
6-20
1
6-15
—
Works, 8% pref. (quar.)_
Munsey Trust Co. (Washington, D. C.) (quar.)
7-29
30c 7 11- 1
>
adidtional
-
5-20
t$2%
——
(quar.)
Phoenix Hosiery, 7% 1st preferred
Pillsbury Flour Mills (quar.)
6-13
*
6-1
'
30c,.
v;
6%
5-25
7-1
6-1
-
25C
;,
————,——'
5-25
-
5-22,
1
6-
87%C "
Muncie Water
:
5-12
.
k
6-1
34 %c
Mountain Producers Corp. (s-a)_j.____"___^^_
Mullins Mfg; Corp.,. $7 preferred
5-1;
1
•
6-8
75c
June
1
6-
20c
Phillips Petroleum
'
(s-a)-
5-
5-20
$iy2
preferred (quar.)_____—_
Phelps Dodge Corporation
Philadelphia Suburban Water, .common
6-1
5-1
6- 1
6- 1
37'/2c
Pfaudler Co., 6%
3c
pref.
6-1
<
10c
(quar.)
$1(4
"
$$3
-
$2 y2%
——
6-20
1
7-
Z'L' .Participating.,
9
-
6-1
.6,
/
March,- covering the
to
5-12
Airlines, conv. pref. (quar.)—
31(4c
Pennsylvania State Water, $7 pref. (quar.)
^ $1%
Peoples Telephone, 6% preferred (quar.)—
$iya'
4(4% preferred (initial)—
$i
Peoples Water & Gas Co., $6 pref. (quar.)—nr.$1(4
4-15
$1%
35,000
5-15
..
Ltd.—
(quar.J__
$1.40 class A
Penn Central
5-20
5.-25
»
$i34
.
Quarterly
5t22
t
6n
in^
6
5-29- 2$ Mt. Diablo ;oil
Mountain Fuel
,5-25
5-29
^6-10
;
sharessold
-
Moran Towing; 7%
"
"5.-11
r
5-20
i
6-1
$1
.( Quarterly;-______________
6-13
5-23
6-1.
'75c
:'
———————
'7'% 'preferred'(ouar.).l-i—
»■. Lindsay (C. W.) & Co., 6Va%
pfd.
Link Belt Co., common (quar.)
6(4% preferred (quar.)__
$1.40 class A
5-20
.5-20*
6-1
■
20c
v
^
Montreal'Loan St Mortgage- Co;.(quar.)yyiy^'•
Moore (W. R.) Dry Goods Co. (quar.)___
V..5- 9
6- T "
,
$1
$1.07
-
the
5-15
1
5-26
6-
25C
—
5-25
.,
common
Peninsular .Telephone,: common
$1.40 class A (quar.)
5-25
6-10
-:-~iy$4:vprefexyeA-.C:;(s*ft);^.^^^^-:-;^^yy^,^~i:
6-13
y
6-15
<
:
-
6-1
Manufacturing,
preferred (quar.)
Peck, Stow & Wilcox Co.
Peerless Casualty Co., 6%
5-20
v
50c
(quar.)_y___;
oil
5-20
6- 1
$iy2
7%
V
5-20
1
6-
$iya v
-
..
-
$4.50
6-15
J 6-15
r,;
common
6- 1
$1%
._
Carpet Mills
;______
Machine Tool Co. (reduced)-
dividend
5-20
6-1
5-14
VJ.
Pato
Paton
2
25c
period-March
$4.50 preferred A
;
,
"50c,
Stores, Inc.,
A; 6-
6-12
$1(4
-
...
B
'
"
6-15
■»
-
5-20
6-1
t$l3/4
—
$5.50 preferred (quar.)
Consolidated Gold Dredging,
6-12
6-12
5-15*
;
(qua:
—
-
5-15
.
.
.Leslie ISalt Co;
Lincoln
1
6-15
'
•
12-'2
6- 1
Parkersburg Rig St Reel Co.—.
1
45c
.;
6- a
5-12
50c
6%
1st preferred
(quar.)
Parker Pen Co. (quar.)_
Parker Rust Proof
Co., common (quar.)
7% ^preferred
(s-a)y_——-u--
50c
(s-a)___.
Society, 5 (4 %
5-14
:.:V6- 1
41 %c
—
6-1
50c
;
B ;
6-15
6-15
t$iy4
40c
$3
6-11
$50cv.'
..
.
'Extra
6-15
V
6-16
58(40
10c
._"•••
-
JExtra
1
5-16
5-19
iv:
25C
Telegraph (s-a)———-.
Package Machinery-Co.
Paramount Pictures, Inc., common
(quar.)
8-15
6-15
6-1
7-
,
$1(4
Oxford Paper, $5 preferred__
Pacific St Atlantic
6-15
77-1
5-22
$ 1 (4
-
.
Inc., common (quar.)„____
$1.50 convertible preferred
(quar.)
Otis Elevator Co., common
6% preferred (quar.)
Otis Steel Co., $5.50 convertible 1st
pref.__
Ottawa Light Heat 6s
Power, common (quar.)
5%, preferred (quar.)
1
6-15
6-1
$$1%
Oshkosh B'Gosh,
1
5-20
1*,'
6-10
$$1(4
(monthly)
25c
6-15
;-$50c*.
(Ft. Wayne)—
5-25
.5-25
•
.
,
6-
$iw
'
•
Natl. Life Ins. Co;
6-
6-18
1
7—
*■.
20c
■■£ $2(4
preferred
10c
,
.
Lincoln
7-
t
Utilities, 5 %-preferred (quar
Models Oils, Ltd. (resumed) i—_______
(quar.)_.;ijiy.t-'; : $20c *
Leath & Co., common...^—i.l—'
10c
'7--1
*' $2.50 preferred
(quar.)
62«/2C
7- 1
y Lee (H. D.) Mercantile Co. {quar,)________i-25c ^ 6- 5
Lehigh Portland Cement,pref; (quar.)--i ^ >, $1 /. 7-1
Leitch Gold. Mines, Ltd.—
$4.50 conv. preferred (quar.)——
6- 1
$1(4
V^Le Rol Col-120c• - 6-27
.
6-1
25?
$1V2
;$iya
mm
Missouri
,
(accum.)—
.
6-
$1 (4
preferred C
Mrinroe Loan
,
7-
7-
....
6% ,'preferred
6-15
6-15
;
.
z
pref. (quar.)
______
6-1
$1%
.(quar.)-,^-———
(quar., initial)...
,_;v
Mission Dry Corp. -(irregular)
Mississippi ;Valley Public Service, common.
7% ..preferred A (quar.)
11-16'
15C
:7%
(accum.):.—
Lanston Monotype Machine (quar.)——
Laura Secord Capdy Stores
...
'.s,'
7-1
7-
preferred
6-
$1(4
:
•
(monthly)
Ohio River Sand Co., 7%
preferred
Okonite Company 6% preferred
(quar.)i_;_
Oliver United Filters,
Inc., class B
Ontario St Quebec Ry. common
(s-a)_
5% perpetual debenture stock (s-a)
6-' 1
preferred
(s-a)_i__
$1 prior pfd.
5-20
Flour
7%
6-18
1
$ 1 (4
(quar.)
Extra
4(4.%
25c
Co,
convertible preference
convertible preference
6-30
$1(4
(irregular)____'___
(quar.)
Co., common
4% '.preferred
,
:$S0<T.
7%
6-30
$1.27%
y
Langley's, Ltd.—
.
Oil
1:6- 1
(s-a)
Co
&
6%
1
$134
(4%: preferred (quar.)
6%. preferred (quar.).._
-
Wells
Lane
5-15
Mipneapolis-Honeywell Regulator-
La^te Bryant, Inc. (quar.)—u_l!—•_
;
1
6-
m
-
"V25c>
Commons (quar:): ^1—l-—-—:$1%
preferred (quar.).
$13A
preferred (quar.)—'
i
1—
f $134
.7% preferred (quar.)
1
J
■ " : $1%
17%
7%
1-4312-20
26c
Corporation (reduced)
$2 conv. pref.
Products, common
non-cumulative
(quar.)
Mills, 7% preferred (quar;)__
Mississippi Telegraph Co. (annual)
Ohio Oil Co., common
6% preferred (quar.)
Ohio Power, 4y2%
preferred (quar.)
Ohio Public Service
Co., 5% pfd. (monthly)
9-20
6-20
n $1%
:• $1 (4
'
Telegraph
of Rec./
Co.—
(quar.)
Pharmacal
Holders
Payable
7-1
,
1-
93
-
5
I vCommohA (quar.)«
.
10- 1
6-
'
•
.
,.
Ogilvie
6-20
.
share
'.J:
$1%
Nova Scotia Light &
Power, 6%
1
-,
(quar.)
(quar.).
Miller & Hart,
Minneapolis Gas Light—
$1(4
$30c
-
»*
Norwich
6-20
,,,.
Petroleum
8%. preferred
y;
$lVa
com..
(quar.)
Landis Machine Co,—,
Northwestern
5-20
8% preferred
EXtra'Si:,i^i.——■—•——_;l^lia*i,——-—-«&».—$5C,
*
,
r
7- 1
•
t$l%
Steel
Midwest
Lamaque Gold Mines, Ltd. (interim) 11-^l.Wt'rilOc
'•
12-
v'/'yj.
,
________
Midland Oil Corp.,
..A$1V2
6%
West
Midland
.
the
6%
1
y94viy'
(quar.).
Coal—r:. ■'
Mid-Continent
' '15c
$1%
Laclede-Christy Clay Products Co.— ..;t;:-rA.,vA;' AV
6% preferred (quar.)
>-lc---—1-1il-ll:; v $1%<
of
:
(quar.)______
7% preferred (quar.);.i-_y_j.__
•
Micromatic Hone Corp
Stores, 7%
Koehring Co.* —^^1
v 50c
Kress (S, H.f & Co.,
common——40c
6% special
preferred (quar.)—
—15c
Kroger Grocery St Raking Co., com. "(quar.);
50c
v
6% first preferred (quar.)—_———l— :
tV/i
■r
7% second preferred (quar.).—„—ill ' * * $1%
Kresge (S. S.) Co. (quar.)————
1—'
30c
Kuppenheimer '(B.) &'Co., inc. (s-a) -l_i--i"
5t)c;
Lake
$l»/»
$iy2
$1 Va
$6 junior preferred (quar.)
6% preferred (quar.)
6% preferred "series of 1940
;
(D. Emil) Co., common (quar.)—25c
Klelnert (I. B.) Rubber—
20c
Knudsen Creamery Co*.,* $0.60
.
"9-5
12-5
preferred
preferred
Ohio
(quar.)
(quar.)
—
6%
7%
6- V
30c
(quar.)
Michigan Consolidated Gas, 6% pfd.
Michigan Public Service, common
(irregular)———..
"'Wka
Key West Electric, 7% preferred A—— 1 t$3ya
"
6- 5
30c?
•
$7 cumulative preferred
^Kinneyh(OlK;) Col, $5 prior preferredllllll "1 t$l(4;
Klein
pref; (quar;) A
preferred (quar.)
preferred
$6 prior preferred
$7 prior preferred
.
r
preferred (quar.)
Northwestern Public Service
9- 1
12-
3 (4 %
■
B
Kobacker
9- 5
30c
Name of Company k;
Greyhound Lines—
$6.50
Loufs)
non-cumulative 2nd preferred (s-a)
5% 1st preferred (quar.).._._.___
Metropolitan Edison Co., $5 pfd. (quar.).
$6 cumulative preferred
(quar.)
$1
Keith-Albee-Orpheum, 7% conv. pref. (quar.)
$l3/4
Kellogg (Spencer) & Son8-_-i---i—-11111-1 '1 .50c
Kendall Co.; $6 partic.
pref. A (quar.)-1-111
: .$lVa
Participating————————3~ $1.68
Kerlyn Oil Co., class A (quar.)——
l
$%c
-
7%
Metropolitan
$1'/b
-
;
/
;
•
participating preference (quar
& Thermit
Corp., common (irrektilar)
Metal
(irregular)——Katz Drug, $4.50 preferred
(quar.)__
,-1Kaynee Company (irregular)——--—
Kayser (Julius) St Co.
J
Class
V-*"1'' *['
'
$3.25
111-—
_____
Vkr
Northland
6- 5
•:
5%
'6%■■ preferred".(quar.)
Mercantile-Commerce Bk. & Tr. (St.
Quarterly'
Quarterly y
y
Quarterly
Merrltt-Chapman & Scott Corp.—
6(4% preferred A__a
Metal Textile
Corp.—
(quar.)
'!
25c
...
__'
W/c
25c
'
When
Per,
of Rec.
; 5-18
'
preferred (quar.) -L_—^
6% preferred (quar.)
i...
'
6% preferred (quar.).
•
*
Payable
$1
1971
Holders
•y. 6- 1
.1
*lr!
25C
'
5% preferred
(quar.j;u.4;-yyi4i4y.-.i^.41^,':-';
5% preferred' (quar.T.J.-.:
'
$1%"-
■
Iron Fireman Mfg; .Co. vtc. common
common
preferred
Mercantile Acceptance Corp.-of California—
,-40C
International
:.
$4
preferred' (quar.) —" t A $1(4
International
share
yyy-;y;'•
(quar.).2...
(final);
May McEwen,
(Chicago)—
'
Common
When
5-29
7-
1
•5-15
6-15
7-1
6-15
6-1
,5-11
,6-30
6-15
!
Name
Savannah Electric
debenture
8%
7Vi%
Payable
of Rec.
B
$2 ['r
7-
1
Co., common
$4.50 preferred (quar.)
'7- 1
6-19
7- 1
$4
Co.
Roebuck
Sears
&
Co.
(quar.)
Beneficial
6-
75c
/ 6-10
$2
_
6-22
,v
1
interest
-
.
_
Quarterly
5-H
7
6-15 •i)
•
•
U.
non-cumtwative preferred
6%
(irregular):.
:
Bervel, Incorporated
1
/
Sherwin Williams
7%
Saw
Gold
Siscoe
<25c
(quar.)
Co., 5% .pfd. AAA
Canada—
B-29
$1V4
-
1
6-
1
,L
•
2c
40c
-
6-13
-»
UYaC
6-15
v)
5-13
7%
preferred
Packing
(quar.)
7%
0
—
$134
(quar..)
;
5-15
5-29
5-15
9- 1
8-15
37 Vic
covering
(initial),
1 30c
9-1
(
5-15
I
8-15
.
f
6-
1
7-
;
-
-
6-15
7-15,; /
7-13
$lJ/a
6-15t
6-
$iy8
6-15
50o
Corp. com.
$1.60 conv. preferred (quar.)
Standard Oil Co. of Calif. (Del.)—
Standard Oil Co.
Standard Oil
(Indiana)
Co.
(N. J.)
10c
-
Stoker
Co.
Quarterly
6-15
J
50c
5-25
5-25
6-15
6-
50s
;
:__
:
•
"•
:
—
this dividend.
not closed for
•Transfer books
9"
7-10
tOn account of accumulated dividends.
^Payable, in
6-10
resident tax,
\ 5-25
,
6-20 t
6- S
9- 5
12- 5
Canadian
funds,
*
'
.
"
*
;
4'
.
Non¬
the source.
deductible at
tax
15%; resident tax. 2%. ; a Less British income tax. f f f '
5-20
d
5-15
6-15
6-15
Auction Sales
5-22
6-15
5-22
6-15
5-12
1
5-15
6-
"6- 6
■
,
6-10'
9-
10-10
Transacted by R. L. Day &
May 20:
Co., Boston on Wednesday,
_
'./
6-
1
5-15
Shares
6-
1
5-15
10
New
10
American
,
$ Per Share
100Ms
44V«
$0.81
;
Public Service,
Orleans
pfd—
1
5-15
7- 1
6-15
15
Inc., pfd_a—
American Furniture Mart Bldg. Co., Inc., com. (par $1)
7- 1
6-15
33
Lynn Realty .Trust, com.
6-
$lJ/2
r
,6-15
50c
9-15
fiSOc^ 12-15
50c
:
Quarterly
7-1
$1%
'"
Furniture
Mart
Building
Co.,
$5 lot
($50 par); 34 pfd. ($50 par)
5
40c
Co.
.'.i
5-15
r
10-20
:.;50c .;i
(Northam)
Corp., $3 pref. (quar.)_
Pipe Corp. (quar>)-~iWarren Pipe & Foundry Corp. (special)____
Wayne Knitting Mills,-common (irregular)__
69a preferred (s-a)_i_
5-15
'. ;
Quarterly
Quarterly,
7-18
7-20
t96V»c
75c J
/
50c <■
$7.14 >
50c
;
Foundry &
A (quar.)_————
Mercantile Institution—
preferred
Co-operative
•
—
$3.85 pref
Picture?,
Warren
5-15
.6- 1
25c
:
.
6-12
$$1
—f25c
Milis
Warren
5-15
.
5Va 9o
"
$1%-
Co., 7% pref. (quar.)_—__
Industries, 5% pfd. (quar.).:—
'
"5-21
40c
" $lV«'-:;
common (quar.)_
;(quar.)___—
,.(quar.)_—'
preferred (quar.)
Warner Bros.
Works—
Acid
' --
—
———
—
(Gar)
Zion's
"
•
7- lfx 6-15
8- 1 r 7-15.'
8-1. r 7-15 ,;
?.10-15-
$1
•
6-13
6-1
5-5
5-11
5-29
6-8
5-25
6- 1
6-10
—_
conv."
Common
$1
Wamsutta
6-15
$1;25
preferred
5-15
6-15
:.
4V2%
5-15. £
'
(quarN)
Walker (Hiram) -Gooderham «& Worts, Ltd.—•
'
5-20
1
6-
50c
______
S.l
(L.
Starrett
(quar.)
Phos. &
'i
5-20
50c /
(irregular)..
Products
Standard
H \
5-15
6-15
25c hi
(s-a)
f-f.y
1
40c
—
Standard
1
35c
(quar.)
Extra
Standard Wholesale
6-
$l3/4
»—>
Walgreen Company,
5-23
•:
6-1
:
(quar.).
.
6-15
r
5
6-25
5-12
5-29
6-12
6-15
v $1'-.:; 11- 2" ?;10-15
$l3/4
6- 1
5-18
12V2c
6- 1 ' ;5-26;.
Woodward Governor Co. (quar.)——-—-,..,
25c
: 6-:51;
•
Wdolf 'Brother^, 7 9o: preferred (quar.)—1—_
$1% ' ' 6-1
5-20
Woolwbrth,: (F: W.) Co.I___—:
———
".40c
I
4-20
Woolwbrth & Co., Ltd.—
*'/
: "
': ' 4 *" 4". f.1 ' ' '
r*
6% (preferred registered
i-T"'4':.
Wdight-Hargredves "Mihes ' (qliar.). HOC
7- 2
5-28
Wrigley (Win.) Jr. & Co. (monthly)——25c
8-;l
"5-28
Monthly,"—.—
..;25c
71* 1
,6-20
\ Monthly '
25c
,'8-1
;.7-20
WUrlitker ^ (Rudolph')' Co.--—10c
/5-30 :
S-20
Youngstown Sheet & Tube, common—" 75c".
6-15
5-23
6-22
6-
5-27
5-11
,
50c f:'J
10c
$1 Va .\
• 20c •
•
$25c "
$lJ/2
—
5-12
1
$lVa "''6- 1
'50c
6-15
$lVt
7- It •
$1
7- 1 *
" $1% * ' 7-1
' J $1%
* 7- 1
.
Wood
;
;6-10
:
Wilsil,, Ltd. (quar.)'
Hosiery Co.
Extra
J
Quarterly
.
6- 1
"
preferred
Extra
5-20
7
—_
5-22_
5-20
5-15
5-12
Wolverine Tube
5-15
6-15
1
pfd. (quar.)i_
31V<c"
Waite Amulet :Mines, Ltd—i——■-. '->"J lOc.':
5-25
5
6-
40c
pref. (quar.)
(irregular) __
Standard Dredging
6:
'preferred
(quar.)
Vultee' Aircraft,
5-22
6-10
.
62yac
(quar.)
preferred
J
5-22
1
.
5-20
-
79o
1
6-1
r
$1%
9-20
;
:
,
12-21'
,
79o
8
6-
$138
6-20
-
:
Products.—'35c
Chlorine
5-15
25c
50c
6- 1
25c ■v 6-15
$1
5-29
$1 :: *5-29
50c
6-10
—
Instrument.
Electric
Winsted
5-21;
6-1
'.■f 10C %
•
-•
/
6-10*
?
preferred (qUar.)__—a.______—37V2c;?••••«-'If
Vogt Manufacturing Corp._a.__^__^___^_i__
> ^ 20c V:- 6- 1
t
6-201
Vulcan Detinning Co., common..,—•'
$1V2
::
9-19
Common
__i
,'t
\
* "•
$1V2
5-15
1
9-28
12-29
69c
.>
35c
Standard Cap & Seal $1.60 conv.
—'—!■—-
Equipment, $1 convertible preferred__ t25c',
Virginia Coal & Iron (irregular).
_____
$1
Virginian Railway common (quar.)__r_^iiC- ^ 62V2c "
5-15
6-1
5-16
6-26;;,
:;
4-15
5-15
43%c ;
—.—
(quar.)
Whitman (Wm.), 77o preferx-ed (quar.)_____
Wickwire Spencer Steel, common, vtc.__—
Wilcox Gay Corp. ;(irregular).—
:——__
Williamsport Water, $6 preferred (quar.)—
Willson Products, Inc. (quar.)
:
'5-15
'
preferred—
participating
7 9o
,
6-20
?
Victor
5-20
nv*
pfd. (quar.)
(Dallas)— &
(Detroit)
5-22
•
H 5-13
6- 1
/
37»/ac
Insur.
7- 2*
7-15
-
(quar.)_
Wheeling Electric, 6% preferred (quar.)____
Wheeling Steel Corp., common—
——
$5 conv. prior preferred (quar.)——"
Whltaker Paper Co., .common—
____
.
8-15
.6- I
31 Vic;
(quar.)
——
Accident
$1V4
"s .'< 25c
Machine- Tool
•
Extra
/ $2ya
Sparks-Withington 6% conv. pref. (quar.)_
Spiegel, Inc.,- $4.50 conv. pref. (quar.)—_
Spear & Co., $5.50 1st pfd. (quar.)
$5.50 2nd preferred (quar.).
______
Spencer Kellogg & Sons
1
Standard
•
5-15
6-1
6-1"
6-12
Coal & Coke (irregular)__—
Supply Co. (quar.)___w
:_
AUto
Westvaco
5-14
6- l?v
Raalte Co., Inc., •common__^_^i._^_i;_i_
50c
5-14
6- 1 '•
1% '1st preferred (quar.)
'5-15
6-^ 2 Vanadium-Alloys Steel
^___—x—> $1
^
6-10
6- 1
Vapor Car Heating Co., 7% pref. (quar.)_^. -^-$1% ;
;
"9-10
-:9- 1
19a preferred
(quar.)
*—
$1%'.;
12- 1
12-10
- 7%
preferred (quar.)
$la/4
6- 1
: 5-15
Vick Chemical -Co. (quar.)__x—50c
Southwestern Lite Insurance Co.
Quarterly
5-20
■
■
.
(quar.)
5%
6-20
preference
conv.
Weston
6-15
Van
V '
:i
period
pref.
—7%
1
7-
.
5-15
lr. >
:
1
6-
6-15
prior
Norman
Van
8-15
37146-
preferred B (quar.)
Southern California Water 59o
common.^.-.
X
8-15
u
1.-
30c
1
6%
& Elec.,
5-15
9-1
$iy2
37>/2c .••;.";6- 1
:
31,
preferred
:
30c
(quar.)
(quarterly).
Southwestern Gas
;
30c
—_____
1941 to June 1, 1942
Southern California Edison Co., Ltd.—
69c
5-28
5-25
preferred
Dec.
/
'5-25
.preferred (quar.)
non-cum. preferred (quar.)___.—
2nd
.
5-20
1
6-25
$1
conv.
6%
k
50c
6% 2nd (preferred
,
6- 5
-
$iy3
convertible
non-cum.
4
t$l
$1 v
t
6- 1
17V2c 7
Westinghouse Air Brake Co..!_____
Westinghouse Electric & Mfg., common
v
Co.—
i
>
preferred (quar.)"
preferred (quar.)
6%
69c
69c
5-20
Co., : common
Works (irregular)
—
Southcuon.—. -Jr"hound Lines, com. (quar.)
Common
iL
,:J.€-
5c ; ;
l athe
""oM
■
(quar.)
Pulp
.preferred
C;7'v
6*
•
6-15
r;
Corporation
Soundview
■•r 5-15
5-29
,
1
'
-preferred
Konotone
6-
>
5-15
6-10
$1.75
West Virgirtia
6-15
-
6-1
25c
Corp._
.
11-30*
..
;S
-25c
•
•
87VaC
Sontag Chain Store. Co., Ltd.— ;,
8-3i*
Inc.^- .■:? ?;■%"
6- 1
preferredv (quar.)
$1V2
Universal Insurance Co. (quar.)—,(25c
Upper Canada Mines, Ltd. (interim)■»
$2Vac- : 5-30
.A fy
Upper Michigan Power & Light—
7-1 •
6 %. preferred
(quar.) __—_—^._—
•;.v 75c <
10- 1
6% preferred (quar.)
75c >.
6% preferred (quar.)
;i-w, 75cc; 1-1-43s
6-20
Upson-Walton Co. (reduced),
■\r10c i
I-h
Utica Knitting Co. .common,,,.
v. $1 *•
7- 1 7
57c prior preferred (quar.).
62>/aC
5% prior; preferred (quar. 1
? 62 Vsc -10- 1
59o. prior-preferred (quar.)
62VaCr: 1-1-43 <
6- lo:
Valley Mold & Iron Corp., common
50c,
6- I.
$5.50 prior, preference (quar.)
fr, $1% •
;ff 'i
Van Camp. Milk Co.—
■
7- 1
$4 preferred (quar.)
—$1 ,,
6%
3
5-23
special guaranteed (s-a)_—;
West Michigan Steel Foundry Co.—
7%
preferred (qUar.)__—1____
5-29*
'
6- 1
69o
Western
'371/aC
.
preferred (quar.)_
United Wall Paper-Factories,
5-14-
.
'
6-15
Jersey
5-15~
5-15'
5-14
6- 1
5-29
$1V2 '
preferred (quar.)____
Seashore RR. Co.— '
West
of Rec.
>
;
,'
•' $1
convertible
$4
,
6-15
It
7-
50c
$5
-6-15
a
5-29
-
—_
Corp.,
5-18
United States Sugar Corp.—
5-15
•7-2
t$l%
.'—
<quar.)__„
Brewery
&pteel Co
».—__
l|4lnjes, Ltd. (irregular)
/
;.
>.".4-24
-
6-
.
5-20
-
Steel
S.
U.
(quar.)
Lithograph
preferred
&
'Convertible
6%
'•>
5-15
•■
Printing
S.
U.
5-29
'
(quar.)—$lVa
Potash,.6% preferred
U. ,S.
&
Snider
<
5-25
•
45c
Participating
67c
-
«$iy2
(quar.)
Broadway Bldg. Co.—
certificates (irregular)
Skilsaw, Inc. (quar.)—_—_
Smith Alsop Paint & Varnish—Sixth
5-15'
(interim)
(quar.)
preferred
Simon- (Wm.)
5-25
Co. of
Sherwin-Williams
Simons
pfd.
6%
Water,
Mines
Sherritt-Gordon
4-23
6-
;
50c
______________
Shenango Valley
5-14
5-25
'
25c
Power (quar.)
«
Sheaffer (W. A.) Pen Co. (quar.)—___^
Extra
J
1
f22c J
-
^
&
"Water
Shawinigan
t75c
1
(quar.)___—"
$1.50 convertible preferred
6-16
6-30
75c
-
5-29
Holders
'6- 1V'
preferred (quar.)—
$1 V» "
5% preferred (s-a)™__„" $2'/a %
Welch Grape Juice, 7% pref. (quar.)——
'' $13A
Wesson Oil & Snowdrift Co., Inc.—
1
"
5%
6-20
<
6-15
;____
1.
\ S. Playing Card Co.
S. Plywood Corpi—
U.
Security Holding aCorp.:—
7-10
' 7
'
Washington Ry. & Elec. Co.—
> 5-14
6-15
|683,4c ?■
22%c i 6" 1
7-1
_l_
' 50c
$1% ; 7- i i
6-20
50c
9-19
50c
—" ' 50c "■ 12-19
Si
Quarterly.
(Los Angeles)—
(special)
Security Co.
7-20*
6-15
25c
(quar.)—
1
8-
$1
__________
(Del.)
7-20*
•
When
sharePayable
Name of Company
V '
5-14
v
.1
Per
'
^
^
oj Ilcc.
6-20
■
$2.75
U.
1 ;
8-
$1VB
_______
(quar.)
preferred
Seaboard Oil
1
V'
5-28*
€-12
45c
6-20
Co,,
$3 preferred
preferred
'
I
Casualty,, conv.. pref. Ts-a)__:
U. ;S. Gypsum Co., common (quar.)
7% preferred (quar.)
_1
U. S. Pipe & Foundry Co. (quar.)
•6-19
$15/b
•
(quar.)—
Paper
United N.
Holders
When
Payable
tfiqre..
....
,
;V.'; United Public -Utilities,
!
i!£-
"
Scott
.
American
6-19
•
.
ord. reg. (bonus)
S c2,/a7<' /y
dep. rects. for ord. reg. (final) V; al2V2c «.
J. RR. & Canal Co. (quar.)—
$2J/2 J
United Molasses
6-19
'
;'."7-TV
-
$l3/4
(quar.)
(quar.)__-_—
C
$1%
(quar.)__i^:_-;»^__ii-_
Name of Company.
,
■
(quar.)
A
"k'
-v
t
"*■
debenture D
Vi%
o
When
share
^
;
•
& Power Co.—
debenture
7% .debenture
\
of Company
Per
Holders
Per
*
Monday, May 35,1942
CHRONICLE
THE COMMERCIAL & FINANCIAL
1972
6-30
6-16
Stecher-Traung Lithograph—
5%
59c
$iy4
(quar.)_.
(quar.)
(quar.)
preferred
preferred
preferred
5%
Stedman Brothers,
Sterling Products (Del.)
Stonega Coke & Coal_;
Storkline Furniture
(quar,)
95C
50c
,
..
A.)
Co.,
5-18
5-29
5-18
6-
1
5-15
6-
1
5-
Trust
Sussex
Co.
20c
25c
5-25
6-15
(s-a)
6 9c pref.
Co., Ltd.—
International
Swift
American
6-10
10c.
6V2%
preferred
Sylvanite Gold Mines
i-
Denmark, krone _;_—_
1
5-15
1
6-20
10-
1
9-21
1-2-43
$1V4
12-21
Teck-Hughes Gold Mines, Ltd.
Tennessee Corp.
.
(interim)
-410c
_j.
Malleable & Mfg. Corp.
(quar.)
15c
6-
Terre Haute
Water Works,
(quar.)
Texas
Thew
Stfovel Co.,
Tidi&^vater
Tilo
$1.40
7%
Assoc.
Roofing
Co.,
pref.
Oil.
convertible
10c
(quar.)
5%
77c
(month!yi_
preferred
Coal,
Union
Gas
Union
Tank
Co.,
Aircraft
United
Amusement,
Class
United
B
United Gas
Corp.
$7
$5
6-15
6-
;
6-
»
6-
-25c
6-
$40c "- 5-30
5-27
5-15
25c
6-
1
5-19
"6-
1
5-19
(quar.)
•
_
<75c
•
tS2V4
>
6-1
$1%
:>■
6-20
10c
v
6-30
pfd. (quar.)
com,, (reduced)
:
i
6- 1
shares /reduced
6"
5
5-29
6-29
6-30 r
s-a)
tSc ;
•
.
'
-
—
.
6-30
50C
7-
Light & Railways Co. (Del.)—
preferred: (monthly)
69c
preferred (monthly)—
6.367> prior preferred (monthly)
6.367c prior preferred (monthly)
7% prior preferred (monthly)
7% prior preferred (monthly).
Merchants
&
Mfrs.
Extra
(s-a)
'
3
6-11
50c
6- 1
50c
:
53c
7-1
'
"/ /"
6-
i
;
•v
Official
,
SOUTH
-
-
*' "
;
'
'
1 ;~'V
*
AMERICA—
Argentina, peso—
Official'
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t
t
t
t
t.
t
+
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t„
.
.
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:
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tr;'-
,
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vt 4
t
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.
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,
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301315
.301215
.301215
.301215
14,,
-.
t
-1 r:"v
r:m
>1:^;
;
/t~m.
; " s
.
3.228000
3.228000'
3.228000
3.228000
3.215033
3.215033
3.215033
3.227833
3,215033
3J227833
3.227833
3.227833
3.227833
1980000/
3.980000
3.980000
3.980000
3.880000
;
3.228000
v
3.215033
,•
."'J'"'.909090
.909090
.909090
.909090
.909090
.886640;,
.205675 .
.888392
.836406
.886484
.687109
.205675 '
.205675
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.883125,
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f
t
.
-
'.
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.205675
.205675
,4.909090".
.909090
.909090
.909090-;
.909090 V
.884166
.886041
.886406
.886484
.€87109
.
..
*
,.v.,
••
;
Brazil,
..
mllreis—-
Official
.
-
•
•
^;".^237044f
,4.060580*
.i:
-
i'i
,
Controlled'
.
'
.'.237044*
.660580*;
/ .051385*
.060580*
-.060580*
.051385*
.051385*
'T
■*"'
„>
:.
1_.
tNo rates available.'
v..658300*
.527400*.;
§
{(Temporarily omitted.
,
V\
§
,
.570050*,*'
; >
-•
___"
*Nominal rate.
'.297733*
.237044*'
.051385!
V"/.
•
• •
Non-contrplled
.297733*.
.237044*
.051385*
;
^
Uruguay,, peso—
.297733*
•,237044*.
'
./;
•' *•_.
————
Official —:
.297733*
.237644*
'4,060580•
:
Free
Chile, peso—y,
'
.297733*
•
;____L'
6-15
5-25
t
§
7
.909090
'
5-15
6-10
t
t
t
t.
t,
.
-.885546 f;'
.205675 i-v;
.
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t
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6-15
50c
t
,
t
.
L""r:
••
____.
t
t
>
t
.
3.980000
5-15
5-25
t
t'.
.
t
t
.
t
t'' '
§
<■ 'i' 3.228000
^
dollar—
1
-
4.035000
:
—
If
6-10
4.035000
t~
t
s
——J—909090
7-
50c
4.035000
.
;
Free __^J——:
*
58 V3c
.•
1
Colombia,, peso
7—1/
58V3c
-
.
;
:
'
6-15
1
„
*
dollar—J
6-
53c
__
5-15
•-
4.035000
-
3.227833
Free
•6-15
v'
1
v
:.>'•
,
;
_
«
.
pound_
AMERICA—
Mexico, peso
Newfoundland,
•7
prior
prior
United
1:
H5- 9
'
4.035000
t;
t: ,';
3.215033
Free
5-11
•
United
6%
.
t
4.035000
.
v. t
,
—
( Official
.
t
4.035000
•
f
t
4.035000
t
________
____r.
Canada,
r'-*''
5-15
'
$1V4
•
& Electric Corp., 79c
Illuminating Co
■
•
:1
.
Zealand,
NORTH
t
t:
■■
"
•
Unflap of .South Africa, pound-
5-15 ,'•*
f40c /" 5-30
common
'
AFRICA
1
;•"
6-15
l
—
;
.: " --••• ;• '
Australia, pound— ,:
Official
1
New
>;•*,
:i
1
t
—/
„_——■
„
5-15
1
6-15
:<
;
Gas Improvement
preferred
(quar.);.
<
Equities of Canada—
Standard
5-20
•
t
-
Free
United Gold
United
f
t
.
§
■
6-
6-15
•
$1
A
•
5
6-15
t
t
..
!?
§
t
—
——;
.
AUSTRALASIA—
1
6--1;
.-
6-15
-40c
preferred——
United
i
f20c
-
Gas
7-21
t
4.035000
-
§
y''
—____•
Japan, Yen*—-——
Straits Settlements, dollar-
11-10
;
•
Amer.,
8-10
•
dinar-
t
t.
t
4.035000
Chefoo dollar (yuan)______
f,'
•
China, Hankow dollar (yuan)———_—,*,T.
,
China, Shanghai dollar (yuan)
:____i_
.
+ J.China, Tientsin dollar (yuan)—-t
Hong Kong, dollar-,
t ......
India
(British), rupee____—______;
___—_r_.301215
5-22
1
8-
$l'/4
-preferred (quar.)
United Chemicals, Inc. $3 pref.
United
8-15
;
•
China,
X-'
•
5-22
r
-
11-14
$5
5
(reduced)___
__*
of
'.
•,
6
1/
$iy2
class
59c
66-
-
$1%
Products
Co.
5-20
r20c /•r 6-10
-
I
C
-——.i
Biscuit
6-1
ASIA—
:P-
.
(quar.)__^
(reduced quar.)
Ltd.,
5-20
-
$134
_
Corp. common
United
5-20
6- 1
;
25c
preferred, (quar.)
conv-
6-rl
^
r
L;———_
Sweden,
5-19
'
$
t
_______
Spain,
•
5-20
25c
-...
(Canada)
Car
Aircraft
United
59c.
Co.
Yugoslavia,
5
5-29
L
$
t
...
t
t
t
•
t
, '
..
t . .
-1,--,1 .
t *". *
„
peseta.
krona
Switzerland, franc
6-
t66C
(reduced)'
common
preferred (quar.)
preferred (quar.)
3
6-15
$1V2-:
•
(Dallas)
5 Vi 9c
6 %
>
8
5-25
>
'
;
(s-a)
1
5-
1/
■
.
Rumania,, leu
6-
5-25
6-15
41%C
Troy & Bennington RR.-(s-a)
Truax-Traer
-
6-15
58%C
—
5-11
m
6-
50c
Trinity Universal Insurance Co.
Troy & Greenbush RR.
6-
25C
5 V4% preferred (quar.)__
Company; $6 1st pfd. (quar.)—
Additional
•>
v*
'
—
__-il'—
krone ____:
Poland, zloty
Portugal,. escudo
1
50c
Toronto Elevators.
Trane
Norway,
6-
■
•
Hungary,; pengo •—
8
;,L
t
t
$
t;
t
•,
;-i>-1 ' 4"'
r *
•
5-11'
1
35c
(monthly)
preferred (monthly)
drachma
Greece,
9
Italy, lira
—
Netherlands,' guilder *
15c
preferred
1—____•—^—___j_.
6-15
15c
(quar.)
Timken Roller Bearing
(irregular)
Title Insurance Corp. of St. Louis
67c
5-
6-15
■
$l3/4
(reduced)
preferred
Toledo Edison Co.,
1
$—^—__———_
Germany, reichsmark
May 21!
May 20
May 19
.
$
t,
t,
4.035000
■''>
____
—
May 18
May 16
.
York
in
$
-.4.035000
-
—
..
c
-
,
markka;—:
France, franc __i—:
6-20
6-
'
50c
(quar.)_
common
•
.
.
Free
6-30
$l3/4
77o pref.
Gulf Sulphur Co.
(quar.)
Pacific Coal & Oil (quar.)
5-
.
?.
—
Finland,
6-30
25c
>—_!
Terre Haute
Texas
6-30
•.
for Cable Transfers in New
Unitqd States Money
Buying Rate
t
$
t
*t
t
England, pound sterling—
Official
7-
$l>/4
t5c
:
5-15
6-
•
May 15
.,
*
6-10
1
•
.
'
Belga
Bulgaria,-lev,
-_n
Czecho-Slovakia, koruna
.
(quar.)
'
6-
$iy4
(quar.)
(quar.)
(quar.)
.
6-30
50c
Deposit-receipts (quar.)
1930
RESERVE BANK TO TREASURY UNDER TARIFF ACT OF
Value
Belgium,
;'r
Sycamore-Hammond Realty—
6Vi7c preferred
6V2 % preferred
FEDERAL
BY
MAY 15 TO MAY 21, 1942, INCLUSIVE
:
'
\
EUROPE—v
5-25
5-20
37 Vic
(quar.)
Corp.
'
Country and Monetary Unit
5-15
<
'.6-30
'
40c
—
.
Oil
'
Noon
9
5-29
5c
"Extra
Swan-Finch
4Mtt-
^
•
5-15'
6-1
'
a 25c
Del.)
CERTIFIED
RATES
'
;$iy8
._
—
(Lewes,
EXCHANGE
FOREIGN
:
Co.—
Co
the Federal Reserve Bank is now cer¬
cable transfers in the different countries of the
' ^
•
/'
*
' "'
4 ,
of Section 522 of the Tariff Act of 1930,
tifying daily to the Secretary of the Treasury the buying rate for
world.
We give below a record for the week just passed:
;
i
;
(quar.)
partic. preferred
Sullivan Machinery Co
Sun Oil Co;
(quar.)
Die
;
5-21
Ltd.—
Clasps A
Superior Tool &
Pursuant to the requirements
5-15*
1
vV6- 1
Sl'/a
Telephone Mfg.
(quar.)
Oil
6-
5-29
Strawbridge & Clothier—
69c "prior preference A (quar.)
(D.
6-20
12y2c
i
Stromberg-Carlson
6Vi % preferred
6-20
i2yac
(quar.)__
Corp.
1
7* 1
::
i
Foreign Exchange Rates
i
9-16
12-17
7-
(75C
.
.
Extra
Stuart
9-30
fl 5c
Ltd., common
6-16
6-30
12-31
,.
$iy4
(quar.)
convertible preferred (quar.)___.
6%
l"
$iy«
"
/
■fv:
;
§v
§•
;
.060580*
.051385*
/
■
r-::4. *.V;-
§
^.570050/
.658300*
.658300*
.€58300*
.7 .527400*
.527400*
.527400*
.570050*;,
.570050*
r
'r'
V.
*"•
,570()50*
/
_
•
§
.570050*
.658300*
-
,658300*
.527400*
.527400*
Volume 155
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4075
1973
m
Stock and Bond Sales
DAILY
NOTICE—Cash and deferred delivery sales are
disregarded in the day's
WEEKLY
-
range,
New York Stock
«»
unless they are the only transactions of the
day. No account is taken of such sales in computing the
range
United States Government Securities
Below
furnish
Exchange
YEARLY
-
the New York Stock
on
a
Daily Record of U. Si Bond Prices
Treasury
4%s, 1947-52
May 18
May 16
May 19 L
May 20
May 21
May 22
Daily Record of U. ,S.
f High
-J Low
Bond
Prices
Treasury
107.21
107.21
107.21
107.21
107,21
(close
107.21
107.21
1
|
2
Total
[Close
sales in $1,000 units
•W.— M.,
(High
109.18
109.18
2'/as, 1956-58
9:
:
103
102.31
-j
Low
103
102.31
[close
:
103
102.31
'
.
Total sales in $1,000
units
(High
2'/2s, 1967-72
j
Close
Total sales in $1,000
103.13
103.13
103.12
Low
103.13
103.13
103.12
103.12
Close
;
•
103.13
103.13
103.12
1
High
[Close
Total sales in $1,000
104.13
\
Total sales in
\
[High
Low
2s,
107.4
107.4
sales in $1,000
Total
\
Low
110.2
110.6
110.6
110.14
[Close
110.2
110.6
110.14
1
*1
sales in $1,000 units
f High
\ Low
11
105.18
2s,
9
107.20
Low
[Close
2S,
108.21
Total sales in $1,000 units
j
Low
Federal
*2
Total
109.20
i
(High
\ Low
109.16
109.29
109.16
in
sales in $1,000
units
Home
sales in. $1,000
Total
110.5
110.3
2
-j
1945
sales
in
sales in $1,000 units
103.31
103.31
$1,000 units
1
„
[High
\ Low
2'As, 1942-44
(Close
*3
Total sales in $1,000
units
[High
Low
\ Low
l'/as, 1945-47
(Close
Total
103.31
Low
:—
(High
2%S,
1
[High
1944-52
110.5
*3
103.31
103.31
Close
28
$1,000 units
103.31
104.3
104.3
units
Owners' Loan
3s, series A,
110.5
110.3
104.3
(High
{ Low
| Close
109.29
1
110.3
100.8
[High
1944-49
Total
109.30
109.16
| Close
23/4s, 1960-65-
3s,
2
(High
\ Low
(Close
100.8
j Low
109.20
sales in $1,000 units
100.8
Low
[Close
109.20
Low
[ Close
2%S, 1958-63-.
10
(Close
f High
sales in $1,000 units
*4
$1,000 units—
108.21
J
23/4S, 1956-59—
100.11
\
sales in
Farm
Mortgage
3%s, 1944-64
108.21
| Close
Total sales in $1,000 units—
100.11
1
1953-55
Total
23/4s, 1951-54
100.11
100.13
(High
107.20
(High
100.13
units
107.20
j
100.13
100.13
100.13
(High
•[ Low
[Close
1951-55
Total sales in $1,000
(High
100.13
1
105.18
sales in $1,000 units
—
(High
Low
[ Close
\
Total sales in $1,000 units
105.18
[ Close
23/4s, 1945-47
units
1949-51
2s,
101.4
2
110.14
110.2
101.4
(High
{ Low
[Close
Total sales in $1,000
f High
\ Low
101.4
units
2s, Dec. 1948-50
sales in $1,000 units—
sales
2
Low
(High
1
2%s, 1955-60
Total
105.7
( Low
1948-50
[Close
Total
105.7
[Close
2s, March
107.4
sales in $1,000 units
1951-55—
Total
105.7
Total sales in $1,000 units
\ Low
[Close
-
2%s, 1948-51
>1 ■
Low
\
1947
("High
Total
■
(i
[Close
( High
Total
101.5
7
(High
j
Total sales in $1,000 units—
Total
101.3
101
—
(Close
[ Close
3s,
—
Total sales in $1,000 units
3'/as, 1949-52
Total
—
$1,000 units
2Vis, 1954-56
Total sales in $1,000 units
1946-48
100.31
100.31
(High
Low
[close
3s,
101.6
(High
_•[ Low
[ Close
2%S, 1952-55
1
VaS, 1946-49
/h.
•„
("High
3
.
units
104.13
sales in $1,000 units
101
(High
i Low
[ Close
Vis, 1951-53
104.13
Low
3 Vis, 1944-46
Total
2
*1
•V-
*.
.V,
5
103.12
5
2
$1,000 units
;J'v
V
10
100.31
Low
units
103.12
High
■'
100.31
[Close
Total sales in $1,000 units———
Total sales in
1
—,
High
—Low
%s, 1943-45
May 22
—
109.18
109.20
Low
Total sales in $1,000 units
3
May 21
—\
v-
1
109.20
[Close
3%s, 1943-47
May 20
[High
Low
2%s, 1952-54
109.20
( High
'
units
107.21
Total sales in $1,000 units
3%s, 1946-56——
May 1!)
[Close
107.21
Low
.r
May 18
the New York
on
Low
Total sales in $1,000
_
[ High
4s, 1944-54
bonds
coupon
[ High
2%s, 1950-52
[Close
Total sales in $1,000 units
May 16
year.
Exchange
daily record of the transactions in Treasury, Home Owners' Loan and Federal Farm Mortgage
Corporation
Stock Exchange during the current week.
Figures after decimal point represent one or more 32d of a point.
we
for the
[ Close
sales in $1,000
Total
—
units
(High
2%S,
\
1948-
Low
"Odd
[Close
lot sales.
(Deferred delivery
sale.
tCash sale.
Total sales in $1,000 units—
2'/as, 1949-53
Total
sales
Note—The above table includes only the sale of coupon bonds.
(High
\ Low
(Close
in
in
3
$1,000 units
Transactions
registered bonds were:
2'/2s,
Treasury
1952-1954
103.26 to 103.27
NEW YORK STOCK RECORD
LOW
Saturday
May 16
Monday
May 18
$ per share
AND
*106
110
*30
36
*30
36
*30
*43
45
*43
443/4
*43
*5%
6
*183/4
377/a
20
6
♦37
110
'106%
5%
20
*18%
*10'/a
10%
*10 VB '
107/a
31'/2
31'/2
31%
31%
*59
70
1%
*65
*59
l3/4
85
"A
*72
1%
*72
A
4
4
*60%
♦10
31%
30%
♦59
69
1%
82
*69
4%
4%
4%
4%
75
*60%
3%
3%
*10
10%
12%
4%
4%
4%
*65
66 %
23
23%
23
23%
16%
16%
16%
68
*64%
23
*15%
i:;: 1
*18
17%
49%
48
20
20
20
27%
28
27%
27%
6%
*14
48
20
6%
*6%
*41
'
.
6%
45%
*4%
*41
4%
25%
129
;
4%
25
25
*125
129
For footnotes
see
page
75
3%
124
'
*6%
♦42
4%
*24%
v.
1983.
124%
16%
*60%
4 >'
123
11
16%
*42%
50
36
100
5%
44
NEW
YORK
Range
On
STOCK
EXCHANGE
Abbott Laboratories
4%
37
preferred
Acme
Adams
10%
10%
13
4%
68
4%
4%
11'/a
Steel
*30%
31%
*59
,
300
69
2%
2
*65
%
1,000
10,300
Air
92
43
-25
Corp
43
'—No
Vicksburg Ry Co
Gold
Juneau
10
Albany & Susq RR Co_
—100
Allegheny Corp
No par
5%% pf A with $30 war
100
5% % pf A without war
100
$2.50 prior conv preferred-No par
4%
4%
4%
"3,500
4%
*4%
4%
1,300
*10%
11%
200
16'/2
16%
1,500
Alghny Lud Stl Corp
Alleg & West Ry 6% gtd
2,000
Allen Industries Inc
*60%
4
4
123%
*10
10%
13
13 %
4%
5%
75
■
123%
4''..' '•
123%
1,000
Allied
2,400
5%
4,700
Allied
66 %
66%
100
10%
12%
*5
Chemical
&
No par
100
1
Allied Mills Co Inc
*10
Dye__—No
Corp
preferred
68
*65%
67 %
23'/a
22%
23
22%
23%
23
23%
9,000
16%
*15%
16%
16%
16%
*16
16%
200
Alpha Portland Cem
18
100
17%
1
46%
*20%
20%
20%
31
6%
4%
4% 1
24%
•124
48
47%
29%
42
*14
47%
6'/2
6%
42
17%
Mfg
48
700
10
Mar 27
29% Apr 28
11% Jan 20
38% Jan
6
68
73
12,700
American
Airlines
7
1,600
American
Bank
42
150
4%
*4%
24%
'123
42
4%
25
123%
42
6%
(Del)
Inc
Note
preferred
*4%
4%
400
American
24%
24%
900
Am
*122'/8
123%
80
Bosch
Corp
Brake Shoe 8c Fdy
5% %
conv
A
3%
3%
9%
Apr
9
Jan
2
Apr 17
Apr 18
Apr 24
16% May 20
72
Mar 14
3% Apr
9
118% Apr 28
51%
Mar
94% Feb
% Jan
10
Dec
24%
Aug
Dec
15%
Jan
34%
13
8%
Dec
9 Vb
2
2% Jan
Apr
17%
Nov
45
July
/■ Sep
Dec
75
Aug
1%
85
5
99%
Aug
7
'/a
Dec
%
26
3%
Dec
10%
Jan
5% Jan 26
3%
Dec
9%
Aug
Apr
6
17
Jan
Jan
Jan
27
11%
Dec
21%
22% Jan
2
17%
Dec
25%
Jan
73% Feb
27
5'/a Jan
13
4%
Dec
11%
Jan
149
135% Dec
26
10%
Feb
11%
Dec
4
Apr 28
65% May 5
22
Apr 29
6 Vb Jan
27
Jan
13
30% Jan
3
14% Apr
(8 Jan
17
14% Apr
No par
Jan
Dec
26
par
Jan
5%
x
6
5
Dec
167% July
13
Aug
14%
•:
Apr
9
Sep
71% May
24% Dec
87
Oct
37
Jan
14%
21%
Aug
5
18% Feb
3
1% Jan 26
17
18% Jan 27
10
Apr
20
41%
Feb
43
Mar 27
19
Mar 12
81
56
Jan
28
%
Mar
Dec
1% Aug
Sep
preferred
par
10
23% Feb
6
14%
Feb
63% July
22% Dec
25% Apr
17
48% Jan
3
40
Feb
58 %
Jan
-10
5% Jan
2
7% Jan
8
5%
Apr
9%
Aug
50
31
6%
Chem
85
7% Jan
Jan
12% Jan
No
20%
30%
Agric
Dec
20% Feb
14% Jan
Am
20%
32
7%
1,100
43%
48% Jan
12
No par
20%
;
Sep
Sep
24
Amerada Petro Corp
6%
41%
No
6% conv preferred—
30%
24%
125
18
,-v
17%
46%
30%
45%
1
*14
Allis-Chalmers
55%
54%
50
Amalgam Leather Co Inc
*14
1
17%
5%
Feb
Dec
May 21
v
Highest
$ per share
34
13
Jan
5% Apr 24
19
Jan 21
61
Jan
6
1% Mar 24
/
46
10% Jan
No par
100
*64%
$ per share
11% Apr
par
5
—No par
Stores
Lowest
—1
Allied Kid Co—
13
par
100
Min
400
75
par
10
-
ft
/
49% Jan
108% Feb
Mar 24
No par
ft
11%
May 14
May 14
Year 1941
>
$ per share
31
No
Corp
Range for Previous
Lots
Highest
104
Co
Reduction Inc.:
Alaska
100-Share
100
Address-Mutigr
Ala &
2%
of
No par
Express
Adams-Mills
31
16%
3%
123
*10
*10%
16%
4
*12%
-
20
Since January 1
$ per share
No par
Abraham & Straus
100
Basis
Lowest
Par
900
5%
*18%
*10%
*60%
123%
5%
20
A
75
10 %
*19%
28
*10
13
47%
45%
*4%
400
108
*30
92
4%
13%
*48 %
*
4%
12%
*14
*65
92
4%
*10
17%
1%
4%
4%
*14
107%
for
Shares
38%
69
*59
1%
4
12%
* is
*1%
4'/a
12%
*25
*30%
70
A
124
;
*38
43
5%
*18%
A
124% 124%
1
5%
A
*4%
*15%
43
44
20
10%
10'/a
*64%
5%
10%
16%
10%
*42%
10%
10%
3%
31
!31%
16%
3%
115
31
Sales
the Week
$ per share
38%
,11%
10
124%
'108
32
•18%
17%
*3%
*125
5%
16%
124%
110
44%
20
10
*60%
38
31
16%
75
38
32
10%
16%
♦37%
►106%
110
"A
4'/a
3%
*10
*59
82
3%
3%
31
l7/a
A
3%
*10'/2
70
*l3/4
37%
$ per share
Friday
May 22
-
6
*183/4
STOCKS
Thursday
May 21
$ per share
$ per share
38
PRICES
Wednesday
May 20
May 19
•37
>106%
SALE
Tuesday
$ per share
*37
HIGH
38% Apr
14
Feb
6
41%
Dec
47 %
Dec
5% Jan
8%
Jan
1
3% Mar 11
No par
23
Apr
28
100
120
Apr
20
47
;
14
3%
Dec
Jan
15
26%
Dec
130% Feb
10
Xl22%
Apr
33
39
130%
Jun
Oct
Monday, May 25, 1942
CHRONICLE'
COMMERCIAL & FINANCIAL;
THE
1974
Monday
Saturday
'
May 16
share
*i%
1%
62
166%
22
*159
"16
97
Va
5
4%
4%
8%
8%
8%
8%
8%
*16
16%
15%
15%
15%
15%
15%
16%
96%
*95%
96%
*95%
96%
96%
96%
*95%
*95%
74
*%
74
*3/,
7a
*%
74
17%
17%
17%
16%
7/a
4
17%
■>' %
23
"34
'
44
43%
*1%
3%
"3
"5
74
4'/8
4%
1074
4%
4%
17
'*16%
119
*114%
119
Va
19%
19%
16%
16%
145
19%
18%
19%
163/4
16%
16%
*16%
4%"
4%,
4%
4
*140
4% *
54%
54%
533/4
54 %
53%
*5%
5%
5%
5%
5%
5%
7%
7%
7%
*7%
>
30%
30 Va
8%
*163/4
173/a
*89 Vs
90 Va
*193/4
20
•1
.
90%
90 3/4
20
20
20
114 Va
38%
38%
38 %
393/a
39 %
*127 Va
23%
23%
233/4
1093/4
♦109%
110
4Va
*3%
40
23%
.
*26%
58%
*56%
58%
3%
33/4
108'/a
26%
14%
14%
14%
108%
*107%
108%
►107%
*7
9
*7
9
*l3/8
13/4
*1%
73^
-
1%
*29%
30%
*29%
30 V2
♦29%
30%-
1093/4
1093/4
1093/4
1093/4-
*109%
*54%
60
"24%
25'/a
*6%
6 Va
60
3
3
3
*3
84
*2%
*75
*75
84
*40
2%
53
53
53
60
*40
26
*75
25%
*25%
*6%
6%
*6%
*27/8
3%
*27/4
3%
*61%
64%
*61%
64
55%
56%
*50
62
*50%
62
•55
*25
26%
61%
61
26%
*25
26%
25
25
*25
26 Va
95
96%
*96
97
*96
97
61 %
26%
%
*26
Va
*25
96
96
96
96
100
96
96
3/a
10,600
;
35%
3574
35%
35%
35%
34%
35%
34%
,34%
*65%
66%
♦653/4
66%
653/4
66 %
65%
65%
64%
'65 3/a
*633/4
64%
21 Va
21'/a
*21%
213/4
21%
21%
20-/a
XO"/f
20%
203/4
20%
20%
353/4
*19
20%
*34
19
19
17
17
*34
35
35'
35
14%
,
14%
1474
143/4
100%
100%
*1003/a
15
143/4
100% 1003/4
%
6%
*46%
47%
44%
116
*108
6%
*1%
63/a
6%
47%
*46%
47%
*46 Va
44%
*40
44
112%
♦108
-114
63/4
►108
;
*46%
44%
*63/4
7
1%
*1%
*15%
21
*15%
21
♦15%
21
♦15 %
*2%
3
2%
3
2%
3
27/a
%
17
1%
-
1%
17
2%
•
27/»
>
100
Atlas
61e-
Atlas
200
17%
Dec
39
33/4
Dec
7%
Jan
28
Apr
7,100
-
23%
22
Jan
Jan
Jan
165' Jan
155
Feb
165%
Aug
12
Jan
13
9
Dec
15%
Jan
59
Feb
24
50
Dec
733/4
Jan
5% Jan
12
4 3%
Jan
7
Dec
>10%
Oct
13
7% Jan
6
6
Dec
35% Jan
14
29
Dec
403/$ July
14
33%
Dec
45% July
43
Jan
147
Feb
2
34% Jan
16
Apr 29
May 16
155
Mar
138
Jan
150%
Jan
Jan
54
Dec
20% Feb
6
15%
Dec
28%
Feb
4
8 Va
Dec
11% July
17
9% Jan
2
12
7% Jan
3
8% Mar 30
21% Jan 13
13
14
81
113/4 May
Mar 26
15
Sep
'
Dec
293/#
139
Mar 14
144
16% Apr
97 Ve Jan
783/4 Mar 27
Dec
13%
Feb
22 Va
6 3/a
...
Jan
Sep
98
Sep
19%
Jan
Aug
2
21% Jan
26
29
33% Apr 24
34% Apr 20
120
Apr
6
134% Jan
6
115%
Dec
168%
Jan
493/4 Jan
27
43%
Dec
73 Va
Jan
Jan
27
43%
Dec
74Va
143% Jan
14
33/4 Apr
22
503/4
159
Dec
xl43
Jan
Dec
29 %
Aug
Sep
1163/4
Aug
5
Jan
19
3%
Dec
17
27
Jan
3
23 Va
Apr
Jan
Jgn
.
7>
27
112
6
116% Jan
2
15
28
18
15
29
3% Jan
3
2%
Dec
70% Feb
3
64%
Dec
99 Va
Jar.
3%
Dec
8%
Aug
Feb
81 %
Sep
8
Jan
108% May
Jan
7%
■>
5% Jan
6
76% Jan
14
5% Jan
14
Jan
13
46% May
22% May 20
28% Jan
14
22 Va
Feb
25.
30
Jan
5
24
Dec
35% July
11 Va
Apr
17%
110%
Jun
115%
Oct
7
Dec
12 Va
Jan
2 Va
Jan
56
Apr
3% Apr
50
Mar 30
40.
May 21
16
1% Jan
16
Jan
15
35
27% Apr 27
108 % Apr
3/4
56% July
July
30
Dec
Sep
Sep
Feb
33%
112 Va
Sep
Jan
26
2%
Dec
5%
47 Va
Jan
70 %
Sep
4
Jan
21
60
Jan
72
26% Jan
15
20%
Dec
343/a
Jan
6% Dec
93/4
Sep
53
May 19
67% Feb
53
Apr 20
66
2
Jan
Dec
108% Mar
111% Mar 12
4 Ve Jan 14
24
2a/4 May 14
21
2 3/4
Jan
10
Mar 11
1
51
17
Jan
3
112% Mar 19
12% Mar 11
'Sep
5% Mar 20
7%
Jan
26
2% Apr 28
4
Feb
2
28
6% Jan
5
61 Va Mar 24
77% Jan
8
78
55% May 20
83
Jan
17
76
Dec
102%
Aug
25% May 13
20
Dec
35'/a
Jan
96%
Mar
6%' Jan
Dec
3
Oct
91%
87%
4% Apr
Dec
5%
Dec
103/a
Dec
88
Sep
Sep
Jan
9
81% Jan
6
97
May 12
82
Aug
27'/a Jan
2
39
Mar 17
18
Jan
31% July
70% May
20
60 Va Jan
3
70
Mar
2
53%
Dec
20% Apr
17
26
Jan
20
13%
Feb
28 Va
May 20
34
Jan
5
13%
Feb
45%
Oct
56
Nov
28 Va
Dec
111 Va
Sep
100
33
-
—.25
45% Jan
3
30
23% Jan
28
Apr 28
100
/d00
109 '/4 Feb
?0
Jan
5
6%
Feb
16
47%
Feb
6 3/8 Apr
.5
preferred....-——.t—.50
i
; Vo
16% Jan
16
Mar
143/a Apr
7
U
50% Feb
19 Va
107
;
Jun
May
July
7% My
51 Va Nov.
f
46% Apr 25
Apr 28
70
Jan
5
61
Mar 23
116
Jan
17
111
Apr
121
9Va Jan
26
6
Feb
:
44
par
m
-.100
Tack Corp...—No par
7
-
r
•
Apr
30
2% Jan
*% Apr 17
15% Apr
:
2%
27a
463/4
Jan
Austin Nichols—_:———__x.No par $5 pfior A—No pgr
Aviation Corp of Del (The)-.
^
21
Apr
4% Jan
5%-copv preferred
400
,
26 Va Aug
3% Jan
Lines—r—i—1
No
Sep
Dec
121
Dec
17
Powder
Apr
Dec
100
100
100
100
Refining—!
sejrfes,
&%. coav pre£
Corp
Atlas
1%
*15%
8%
;
7
*1%
*15%
600
3,600
l\2
*108
*63/4
i%
,
W I SS
6%
23
3/a
No par
——
Dry
preferred—
Atlantic
47%
44%
112
►108
112%
7
1%
1%
*
>
*6%
7
*1%
' 47 V4
*40
6%
•
1%
6 Va
Corp—
Jan
203/4
,.5
Corp
50
-
Jan
Daniels
Constable
% Jan
Mar
111
263/a Jan
20
Mining.,
Copper
G &
Atl
2
13
Dec
7.% Dec,
15%
4
Feb
119
20
—
.
233/4 Mar
29
Apr
7 3/a May 20
5%
•75 %
7,500
15%
102%
*6%
44 Va
6%
*46%
*41
6%
,
15%
"
Feb
—1
—100
——100
No par
400
.
100
*99%
100
2%
& Cable.-
Atch Tppeka
800
36
6 3/8
15%
15
100
47%
6%.
*108
*6'/a
100
6 3/8
>42
6
14%
100%
X14%
44 Va
*46
*43
*34
30
—100
■'
■>
3,500
,18%
*17
36%
-
101
'
*
17
"
*34
19%
*34
/
17
37
*19
36%
5% Jan
17% Jan
preferred—
&t> Santa Fe
:/. -5: preferred———
Atlantic Coast Line RR
550
343/a
337/a
Jan
May 15
138
Goods.61c 1st preferred...71o
2d preferred
Assoc Investment Co...
200
*56%
*61
13%
107% May 22
Associated
100
66
Dec
29
preferred.—4—i-.
7%
66
*60
8%
preferred———No par
Artloom
200
V
1,200
4%
4
W Paper Co
P
84
5
64%
*55
f
4%
43/4
67
6%
3,%
*? 74
*75
84
11% Mar
■-
4%
4%
4%
5
643/a
474
47%
/
.
43/4
'
*63'/a
6%
3%
:
*75
84
*75
84
*43/4
'
1?
25%
25%
Jun
39
38
6
35% May 14
Arnold
400
»
i
6%
95%
7
132% May 14
100
3,600
60
25%
Dec
63/4 Feb
Inc..,
5
Midl'd
No par
Armour & Co (Del) pf -7% gtd—100
Armour & Co of Illinois
5
$6 conv prior preferred
No par
7% preferred
•
—100
Armstrong Cork Co——;
No par
A
300
,
53
*40
Jan
May 20
77%
d
4
24% May 20
600
27/a
60
-
6%
*6
6%
*6
23/4
17 Va
36
25
Archer
30
53
*52
-
23/4
-
15
..50
Andes
300
109%
2 3/4
70
|
100
109%
Jan
10% Jan
No par
Hock Glass Corp—L
12.50
$5 div
Sep
89% Jan
•7
43/i Mar 11
Mining—.*
Anchor
'
1
1%
*29%
1093/4
25%
25%
2 4 74
24 74
60
*40
300
1%
9
*7
-
134
*109%
110
2%
23/4
54%
53
56Va
•40
*40
"23/4
274
2%-.'
2%
56
9
i
107%
Jan
40
33/4 Apr
W
Oct
4%
Dec
No par
—100
——1
Anaconda
30 Vs
6%
41% Apr
Anaconda Copper
110
15
107%
30%
*l3/a
*29
30%
*29%
110 Va
2"%
*7%
7%
1%
1%
*109%
*54
*14
26%
*133/4
4
-
Aug
2%
Feb
-
52% Apr
$5 prior conv preferred...
26
♦
20
21
No par
Smelt
51%
Dec
1
>
33 V? Aug
.
Dec
Jan
14
1st preferred—
i.—.———
16
May 21
30
Mar 27
1% Apr
Preferred
13/4 Apr
42 Va
3
x.9% May
100
Amer Zinc Lead &
13,600
2334
25
26%
—
600
1,300
42
233/a
23%
23
25
/
*40
41/
*40
\
3%
3%
46% Jan
Dec
145
—100
Woolen—.
35% Mar 18
2%
No par
American
300 1
57 Va-
57
-
3%
-
1%
1%
58
i
May
Wks & Elec
Water
$6
2U0
27
15
101 Va Apr
preferred
5%
Am
1,400
Va
3%
.3%
-
108%
♦107%
2
53
374
14
9
"7
2%
*45%
274
53
27
14
108%
*107
} 900
374
23
22%
23%-
*26%
15
1093/4
Va
58
40
*37
40
2274
109%
3% Jan
Jan
26% Jan
—14
American
Jan
4V8
23
15
25
28
14
—10
Amer Type
7,500
■38%
Dec
33/4 Apr
Foundries Inc
J.,800
Feb
2
12 Va Apr
Viscose Corp..
4%
374
/ 33/4
class B
24%
Sep
29
15 Va Apr
25
—25
preferred
24 Vs
.
33/4
27
*133/4
2
4
6%
700
;
•
*4Va
110
*45%
48%
48%
53
41
129
24%
24%
110
2Va
2%
274-
-
4%
4
4%
•
128%
Common
7,400
40
129
40%
39
128%
128 Va
24 % Jan
32 V Jan
100
Tobacco
American
2,600
2
243/8
No par
Telep & Teleg Co
Amer
17,400
40
39%
40
Sep
Jan
Apr
Va Mar 14
No par
100
1—-100
Sumatra Tobacco.-
Am
200
-
Stove Co
Refining
Preferred — _/
600
117'/a
116
118%
38%
38%
39%
4
American Sugar
'
114%
115
24 Va
*37
27
"107
20
*374
23%
"13%,' 15
*26%
*19%
*56%
43
23%
20
33/4
33/4
*37
24
*19%
American
i
90
1093/4
33/4
58
33/4
3%
*3%
*38%
*88 Vs
23%
♦48%
3%
*33/4
58
58
58
90
109 3/4
2'/a
55
*46
55
♦46
*88
co 0 0
£
Jan
11%
21% May 21
No par
No par
Steel Foundries..•
American Stores.^——
1 Va
% Dec
% Jan
3%
113% Feb
—100
preferred
6 Ve
Amer
200
8%
17 %
24
♦109%
2Va
2Va
2'/a
2ya
8%
*16%
8%
8%
110
24
24
*109%
*10%
f
:r
3,200
11
20%
128 %
> •
4 Va'
3%
3%
3%
4
*3%
129
129
129
16%
11
18
39
39%
39
39 3/a
39 %
*127%
130
163/4
Preferred
American Snuff
50
17
*17
38%
Amer
/
600
■
90
•
112
38%
33
33
11
8%
*19%
114
111%
115%
38%
3,100
I 100
18
88
903/4
20
37 Va
Building Co
Smelting & Refg
Ship
Jan.
6
18.50
Amer
6% Aug
283/a
16
No par
No par
No par
—100
25
16%
11
*17
18
*17
Rajsor
Seating Co—
*137
*137
-
17
♦8%
8%
90 Va
114%
113 %
"
8 3/a
—
163/4
♦10%
11
*10%
'
•
,
Safety
American
I 210
136
*30%
31%
30%
30
American
Jan
Dec
4
—25
100
Mill—.
preferred.
conv
300
'
24%
36 Va
*131
135%
*131
133
-
*137
17%-
17
10 3/4
17%
*16%
30
30%
*137%
*8%
>
37 Vs
36%
37
-
133
133
*30
17%
103/4
8%
37
37%
37
♦129%
8
4 Va %
Sep
1%
33/4
Jan
Feb
9 Va Apr
par
1,100
5%,
24%
25
25
24%
24%
25
25
37%
17%
*8%
950
953/4
Dec
1%
70
—100
wii
American Rolling
2,500
'
*5%
11
*10%
93/4:
53%
♦7
17%
17%
9%
5%
'
Preferred .i.
:f
53%
73/8
•137%
138
138
145
19% Aug
JAn
%
Feb
San'y-——No par
Rad & Stand
Am
19,300
53%
53
5374
53%
-
$5
4 800
Feb
78
6% May 21
No par
No par
Na par
preferred
preferred
S6
-•
No
Light
&
9%
27
19% Apr
S5% Mar 6
-.100
—
Co.—
News
Power
Amer
974
9%
preferred.:
American
r
*140
145
180
1,400
.
4%
4%
*5'/a
134
*129
30%
*30 Va
ley*
*7
26
25%
*363/4
36%
19%-
4%
<V 6%
20
i
16
16%
*140
93/4
t
2,000
193/8
19%
19
53/8
>
7
26
54
Amer
u{
7
*5%
133
ic
10*
145
'
9%
974"
9%
| 700
Aug
143/4
6
Macji & Metals—---No par
Metals Co Ltd
'--No par
22%
1°6
*
974
38%
*140
145
*140
145
93/4
26
%
16%
9%
*130
9
19%
•4
Mach
Amer
116
*21%
22
21%
16%
.
9%
7
23
*114
116
*114
115
->
Amer
900
f
9%
Jan
2 3/4 Apr
No par
Fdy Co..-_
&
1,300
16%
%
4
*6%
4V4
16%
193/4
16%
4
4
'
'
4%
-16%
Iff
T
•19
1074
4V4
1*6
%
Va
*1074
16a4
23
9
1074
v
500
:
*68
*4%
4%
Xll5
23
*22
23
23
70
70
103/4
1,800
Feb
28
.
—No par
Corp.,—,
Internat
Jan
43/8
6
X36% Apr 13
1 Va Jan
5
25
Mar 6
100
Jan
2% Jan
2% Apr
par
Nov
8%
23
.% Jan 14
33% Jan 21
American Invest Co of 111—
1
5% conv preferred—
'
50
American Locomotive—,
-No par
Preferred
—•
100
| ~90
,
674"
674
No
preferred
6% non-Gum
Amer
6
40
17
xl6%
*16%
*5
*37
10%
4%
3 4 '%
6
6%
*68
70
10%
17
23%
"i4oy»
10%
*1143/8
119
"22
70
*4
17%
"i6 ya
"114%
3
73
19%
*10%
10%
6%
6%
72%
I 700
40
6%
674
63/4
3%
*23/4
*5
38%'
38%
-
3
| 400
*37
'> *:36.V
*5
6
40
3
30%-
*29'/a
•
Jan
xl7
Apr 24
26
1
Products
Ice__——i.
American
S 600
1%
121
9% Mar
98 Va Jan
2
16% Jan
—50
Jan
115
Dec
Dec
223/4 Jan
2
j.—1
preferred..^
American Home
*,300
44
-
1%
1%
30
274
73
73
*10%
274
>
674
674
7
74
;
*38%
40
*38%
40
•3 '*5
6
*5
6
>
3
44
44
Leather
&
Hide
f 6% conv
23 Vs
Dec
Apr
90 Va
43/4
2
1 Va Jan
Jan
1
9% Jan 26
163/4 May 21
Jan
}85
5
5% Jan
18% Jan
16%
107
17% Mar 26
3 Va Mar 28
iJVo par
'
27
% Jan
.
__10
American
3574'
6
15% Apr 30
f May 4
preferred A———-No par
$6 preferred—
-
2
Jan
92
American Hawaiian SS Co
S 300
2%,
•
30
30
*29 %
2%
1%
1%
t 100
*33%
44
44
!%•
t 800
27%
3
Mar
7% Mar 11
preferred--—.--—I—No par
$7 2d
•
200
20 %
*26%
2%
*34
]
20 % Jan
19
4*/a Feb
No par
Power__-
79% July'
5
Jan
15
Inc—----1
Export Lines
For'n
&
$7
1,200
2 Va'
3574
2%
2%
3574
274'
-
"2%
"
"38'.4
27%
,..*2%
American
Amer-
343/4 July
Feb
13
Mar 16
69
No par
European Sees—
Amer
s 100
Apr
56
33
73% Jan
95
1
Tiling
Encaustic
American
100
i
2374
20
20
*26%
44
30
*29
293/4
174
x20
13/4
3
2%
28
f
preferred.
1st
l,boo
2%
20
.43%
l3/4
293/4
29%
"28'/a
2%
*
*33%
•
2%
3574
*1%
1%
"1%
*2%
*33%
43%
43
23%
*26%'
27
2%
353/4
*2% -
2 %
*26 %
26%
263/4
27
23%
*
*19
19 %
19
Va
x23%
23
'
♦1%
1%
l3/a
V;
2%
19
'
23
6%
23
28
10
Jan
2
'
110
10
100
Crystal Sugar—
American
•'» 600
%
Ji
"l'tf
%
%
23 '/a
*
2,000
.
17%
17%
163/4
,
4
*3%
4
*3%
4
'
Va"
*%
23
16
*3%
4
*3%
17
'
Dec
Dec
J05% Apr 15
conv
Coal Co of
Am
*4%
8%
5%
v:3v':' Aug)
95% Jan/
55%
•157%
15
16 Vs Apr
Inc.-li-JVo per
preferred—T
___100
Chicle
No par
Chain & Cable
Am
18
8%
*1%
36
"43
83
*16
43/4
•
2%'
*78
18
8%
*18
19
*26%
17%
80
*4y4
*22
*33%
100
Allegh Co N J____25
American Colortype Co^_
___10
Am Comm'l Alcohol Corp
-20
80
4%
*3/a
2>/4
*1%
American
1774
*3%
23
*17%
100
*4
17
'/a
*22%'
v.
*16
80
*16
100
*16
*3/4
%
4
18
"%•
*76 3/4
1,000
*95%
*96%
%
80
------lOP
preferred
70Q
16 3/4
Mar
■
Feb
May 20
55% May 21
57%
*105
1
/
Highest
$ per share
65 Va Jan
166
Mar 12
20
.100
;—No par
Fdy
&
108%
"leVa
16%
106%
*16%
1814.
*3%
16%
106%
Car
159
3
13/4 Jan
13
29
56% Apr
Preferred
8%
•is
"17'/a
*105%
American
.50
68
55%
3,600
20%
Year J!H1
$ per share
share
$ per
share
1 Va Apr
1
American
2074
Par
•
■-
■
$ per
Lowest
Highest
Lowest
& Radio Copp
Amer Cable
600
3,500
17%
474
8%
*4%
8Va
"8%
2074
112
112
*76%
*16
4%
*4 Va
16%
.;///'j / 0MM0
:
.
6334
166 %
■
*159
166 %.
20
Shares
Range for Previous
Basis of 100-Sharc
On
v
EXCHANGE
»1%~ / 1%
63%
*159
59
16%
*58
*105%
112
•76
78
17%
'
16%
16%
<
60
16%
*57
60
20
%
1%
63%
166 %
20%
*159%
21%
21%
22%
*105'/a
112
♦75%
62 %
16%
1%
61%
NpW YORK STOCK
..
the Week
share
$ per
share
.1%
62%
1%
62
166 %
*57
60
16%
*105%
62
*159
22
22 %
y*
60
"16
62%
166 %
62%
62 %
"155
$ per
share
$ per
1%
1%
1%
*1%
share
$ per
share
S per
$ per
May 21
May 20
May 19
May 18
-
for
Sales
Friday
May 22
Thursday
Wednesday
January 1
Lots
Range Since
STOCKS
PRICES
SALE
LOW AND HIGH
Tuesday
9
Jan
Oct
9% July
>3%
Oct
May
25%
Oct
13
4 Ve Jan
14% Jan,
2%
6
3
28
2% May 13
72%
May
1% May
9
Jan
22
28
;
Apr
5% Jan
Dec
v
19 f: Jan
•:/.:> 53/a July
8% July
B
11
:
.4741 :4%
*4%
3Va
5
5
5
>
28%:
28
*8%
8%
4%
♦4%
V
••
v
*4%
4%
29
*8%.
*4%
10%
11%
2%
*4%:
4%
28
10%
3 Va
'
3
3Vs
: *4%
10%
10%
11
♦3
t:
'
28
.4%*
474
43/4
26%
28
3
3
4%
*4
'
43/4
103/4
10%
3%
3
".5.::
*4
4%:
.*26
26%
-
8%
8%
83/4
87a
♦4%
4%
:
: *4%
4%
*43/4
4%
247/8'
8%
24%
24%
.25%
25 Va
12%
12%
12%
12%
12%
12%
16%
16%
16%
16%
'■:./17%
17%
8%
8%:!
.
...
"
24%
*24%
8%
8%
83/4
'
*12%
13
163/4
16%
*16%
17%
21%
*21%
8%
8%
13
*123/4
108
►103
24%
*24%
21%'
*103
'
21%
110
*21 Va
*103
83/4
/
21%
21%
*103
108
83/4
»/ 8%
21%
21%
*103
108
-
27
•22%
27
♦22%
87a
.—
75
*693/4
75 v V
♦71
75
6 3A
*6 3/8
*12%
6%
6%
*12%-
—
—
'7
:
♦6%
'
27
*20
75
*71
.75
6%
*6%
13
♦12%
•
6 3/4
6%
13
63/4
.
,
V
.
•
75
6%
10 3/3
10%
10%
10%
11V4
31%-
313/4
29%
31%
28%
29%
28%
29 Va
28%
' 28%
11%
11%
11%
*11%
11%
11%
11%
11%
ll7/s
1178
ll7/a
t
*483/4
51%
*48 Va
50%
*48%
50Va
'
18%
18%
18%
187's
53%:
53%
533/a
►108%
112
For
V. 51%
18%
*108%
footnotes
see
18%
.
18%
51
18%
*49
18
51
18%
1983.
52%
53%
50%
51%
*108%
533/4
112
page
*49
110 Va
*108%
110%
.
51
*108%
19
52 3/s
51%
109%
108Va
52
w
"
■>
'
/
j
-77,200
1,100
! V
19%
108Va
3,800
*
313/4
♦50
10
'
.1
10%
12%
:
Creamery.:
r+'
.
300
313/4
11
—
2.600
9,600
200
—.25
/ $5 preferred w w
,
100
.
63/4
*11 Va
/'
'
.
Beatrice
r
/
i
—.No par
1
Beech Creek RR
;
93/4
12
'
26
75
!
500
11%
*12 Va
17
Jan
2
Jan.
2
2 3/4
;
■Mm
4V8 Jan
7% Jam 27
■
4
Apr
15
6% Jan
22
■
Jan
2
31% Jan
6%
;
:•
?
*
!
1
50
Beech-Nut Packing Co——L-'
.20:
Belding-Hemingway
No par
Belgian Nat Rys part pref
—
Bell Aircraft Corp
—J
1
Bendix Aviation
—5 '.
Beneficial Indus Loan—2-—No par
Pr pfd $2.50 div series "38_No par ■
Best & Co
u
—--No par
Bethlehem Steel (Del)-——No par
7%
preferred——100
Jan
23
Apr
24
13
14
May 20
93/4 May 20
28% May 21
Dec
>
•
<
35
Sep
6
Dec
>t
17%
Dec
•:f
20
Dec
>>,27% July
Dec
>v 106
Feb
32
Jun
1?6
6
'
Apr
Sep
04 V' July.
12% Sep
9% July
13 %
11
6 3/s May
*
.
Dec
18 Va Jan
28
7
5%
>12%
>■
Feb
24 Va Feb
104% Feb
f 64
Dec
7%
19% Jan
Mar 20
Dec
27 Va
15
ios
3 Va
27
12% May 20
Apr
Dec
18%
*
8% Jan : 2
go-
Dec
3%
30
Jan 20
11% Jan 27
:
15% Apr•30
>
2%
13
Jan
6
25
24% May 13
10%
>:
26
20
9% Jan
Mar 25
4 Va Apr:
-
.
•
V
-
*20
.
"*13
*13
-
108
*103
26
*70
21%
213/4
21%
108
*20
27
*69 3/4
10% Apr
.
..
,
*20
* 1,800
».
.
4%
27 Va
*24%'
8%:
Baldwin Loco Works v t c
—13
2%
3
;
; 3,100
r Baltimore & Ohio.;.
—J00
;4%
; 4%
•
1,200 4 % preferred;
*4
43/4
—_
Bangor & - Aroostook..——
50
*25 Va
28
i
7
240 /.
Conv 5% preferred.-.—
100
*83/4
9
;/./ 2,100
Barber Asphalt Corp——'
10
*4%
5l
'
...
Barker Brothers^—par
25% ; 25%
<
: 130 / V 5% % preferred———————50
8%
8%
1,800
Barnsdall Oil Co/—„—i
.4.-5
12%
12%
: 1,100
Bath. Iron Works Oorp.l^—l
*17%
18
,i
■
900 /• Bayuk Cigars Inc
No par
107a
lQ7/a
11
Feb
30
1103/4 Jan
I
:
73/8 Jan
16
24
102%
28%
10
108
29
6
8
\ May
16% Mar 30
39% Jan -1 3
15
•
.
v
-10% July
24%
313/a
8 Va
Va
Dec
10%
Jan
17 /
32%
Apr
41 Va
Mar
Mar
Oct
Apr
Jan
July
Oct
Sep
14
Jan
13
10%
Dec
20%
52
23
50^
Aug
57
46% Mar 18
Jan
17% Apr -27
24% Jan
19
19%
Dec
66% Jan
2
51%
Dec
89 Va
Jan
50% May 20
Jan
7
Dec
131%
Jan
9% May
6
108% May 22
121
115
Jan
May
343/4 July
k .Volume 155
THE COMMERCIAL & FINANCIAL
CHRONICLE
Number 4075
NEW YORK STOCK
LOW
Saturday
May 1G
21
;
,
•
"20%
•
♦62
69,-.
*25
25%
•
"20%
5%y(
7
10
q
,68
13%
26
25%
*71%
78
31%
,7
;
14
21
,:i6%.i6%
77
5%
.
.♦62
.
•31
May ,22
-
14% :
18% >
"
•13%
13%
18%
23%
25%
77%
*73
31%
'
16%.
-
*62
*13%
>31
*1%
Y»
;27%
; 26%
16%
>13%
16%
V 7%
*13%
32%
*6%
*7%
31%
32%
?Ji
7%
10%
7%
*28
ll
29%
'
6%
6%
11
6%
>105
105
'
'
"2%
2% '
50%
2%
50%
•
*6%
*10%'
-
*49%
6%
: 2%
"2%
50%
50
'
6%
2%
*6%
6%
12 %
*11
18
*17%
18%
17
17
*21%
22%
22
*16%
17
*53%
55%
6%
6%
>6%
22
*2%'
*11
12%
12%
>
*11
•
16%
16%
*16%
17
*16%
55%
*53%
55%
*53 Va
6%
634
6%
*2%
2%
2%
20%
21%
*20%
67/8 •V
2%
'
•2%
21%
20%
:
>
7
•
2%
20%
5%
5%
5.%
20%
*2044
2%
244
2%
*2%
2%
*2 Va
2%
6%
6%
*6%
7
*6%
7
*6%
*77%
*16%
52
12%
16%
*49
81
*12%
12%
*%
16%
5%,
14%
14%
*9%:
10
*29%
16%
29%'
*80
82
,'
5%
6
13%
14%
10
10 Va
34
•29%
34
*29%
4%
•
24
•244
*30%
31%
*3044
*134
2%
35
2%
*134
*80
*33
82
35
*33
80
*77
*23-
.
,
*23
24
244
,v.
,
61
61
24
*22'%
119
122
2%
*119
"32
32 %
16%
83
83
6"%
16%
60
33
33
16"%
17
85%
*82
86%
115%
115
83%
83
*81
6%
69%
7
16%
*16
2
61%
33
17%
69%
*66
69%
16%
*1644
,
•16
16'A
*16
1%
1%
1%
94%
95%
94
94
2%
2
2
*14
14%
2%
"2
"1%
"25
"2
2%
90
♦86
*29%
30%
*1%
2
2544
,
90
29%
*2
25%
"17%
18%
♦17'A
18%
*17%
99 44'
♦96:
99%
*96%
99%
"15
15%
*15
15%
"5%
6%
*5%
"2%
3%
*2%
15
6%
3%
28%
29
"89 v 1
3
28%
1
29%
*89
1
28%
90
3%
3
28%
90
89
u
3%
3%
3%
1%
1%
1%
*i%
1%
10%
9%
10
13
*12%-
5%
*33
35%
*50'
51:
*%
*44
32
*%
%
*
n
*%
■;
9%
*9%
22
*
57
5744
"9%
57%
56%
9%
9%
56
9%
>50
9%
*18%
*92
93%
*32%
42
*32%
*
136
*2%
31%
*29%
30%
30%
*—
2%
*29%
135
,
2%
•
*244
31
2%
30%
75
*67
75
♦65
75
♦67
108
108
108
108
108
108
108
*99
23
*99
25
,
"10744
*22
~
2244
•'
*22
v
*94%
95%
♦94%
95%
*94%
95%
"77%
81
*77%
81
*77%
82
*77%
80
*77%
80
"45%
48%
*43
48%
*43
48%
*44
48%
*43
"33%
34%
*33
34%
33%
33
33%
"
33%
27%
28'A
27 %
28%
•
27%
27%
142%
142%
♦142%
"64%
65%
65%
65%
65%
66%
"59%
60%
*59%
60%
60%
60%
"142%
148
*480
"480
13%
13%
97%
"95
11%
11%
103
"98
14%
13%
98%
11%
11%
103
*14
14%
11%
*13%
"14
1%
1%
1%
98%
14%
12
12%
103
*97%
14
*13%
13%
'
A
%
*ii
1%
1
*1
1%
1
%
•
1%
1 Y
•tt .-".-%
*1%
95 %:
33%
:
.
28%
•
1%
%
13%
1%
1%
--
50;'
1%;
200
13%-
Apr
Jan
474 Jan' 14
20
Apr
14
117
30
110
Apr
37
89
14
14
Dec
544
Dec
39%
Dec
66
28
7
.
y
100
29
112.
3
36
Dec
3
18%
Dec
Jan
i
1—25
f
—100
.
Feb 25
85
*1J
*
-
144
-♦1
%'
1%;
'
116% Mar
65
x
110
Jan
' 27% Apr 24
89
Apr
8
.
Feb
2
Dec
4
Oct
97
31% Jan-.27
25
Dec
23
1%
22%
15
95%
14%
5%
29
Jan
27
Jan
6
100
?
Jan. 14
Feb
17
10
7% Jan-
;
4
;
5
Jan
30
36% Jan
<
27
98
1% Jan
1%-
17% Jan
-
8% Jan
100'
Colorado &
450
110
10%
10%
10%
10%
11%
xlO%
ll
11%
n%'
10%
10%
2,200;.
10%
10%
11%
xlO%
ll
ny8
ny8
1,700
4%
4 %
Iron
A
Southern
3
July
334 Mar
11%
NOV
Dec
8%
Jan
3%
Columb Br'd
Class B
si
19% July
Jan
Dec
•
l4r Dec
Vc July
July
A
Feb
%
8 % May
Jan
%
Jan
9%
Sep
Feb
40
Aug
46%
Feb
2
Dec
Apr
14
17
25% Apr 24
139
Jan
22
56% Mar 24
55% Jan 28
Aug
20
Dec
27
Jan
41%
Dec
72%
29%
139
Oct.
85
Jan
Dec'
115
Aug
33%
105
Jan
Jan
5
24
Jan
5
98
Oct.
May
84% Mar 10
81
Dec
84%
48%
Nov
50
27.
Feb
44%
•50
44
.
Jan
26
Jan;
36% Jan
143
5
3
May'20
79% Jan
6
Apr
70%
109%
3
100
Jan
4% Sep
40% Aug
Dec
Apr
Jan1
29
Sep
3
28%
142
Feb
39%
Dec
78 Y Dec
Sep
Oct
Mar
Dec
Sep
148
.
Sep
106
Jan
9
60
Mar
Feb
"'25
740
July
6
10%
97% Apr 25
11,
May 4
May 1
13% Ma,y21
•% Apr 16
105% Jan
22
100%
Feb
14% Feb
5
'11
Dec
i
105%
Dec
114
18% Jan
26
12%
Dec
20
1% Jan
30
%
Dec
1%
Jan
2% Jan
31
Dec
3%
Aug
96
;*
14%
Dec
13% Jan
Feb 25
11% Mar
100
Feb
1
13
470
par
Mar" 10
72
112
77% May 14
47
M$y 2
3 2 44 Apr 28
w
10%
139
67% Apr
pur
_^2.50
54
34
107% May 22
22
May 11
95% May 15
par
————2.50
44%
Apr
Aug
8
63% Jan
470
105
Jan
Dec
63%
740
16%
106
30%
Nov
July
Sep
Nov
Jan
Mar
Jan
1
<
May 19
1
100
Sys Inc cl A
Feb
Apr
10%
12
—100
9%
3744
49
Oct
104%
2% Jan
_100
-
1% July
6'/a
Dec
34% Jan
No par
—
Dec
Mar
Mar
1*6
Dec
9
...No par
1st preferred
2d preferred
Oct
Feb
8
3
May 12
Apr 14
13
Jan
3
8% Apr
17
13% Jan
6
11
Dec
21%
Jan
24
13% Jan
6
11
Dec
21
Jan
8% Apr
2
Feb
.
1
Jan
102%
92
Jan
244 Mar
No par
No
4%
44'/a
t
96% Jan -23
92
Jan
29% Mar 12
50
Corp^
Jan
5844 May 21
10% Feb 25
—
100
Colo Fuel &
18
25
34
gtd—50
preferred
Dec
6
9'
-
——100
No
Y
2
May
27
2 >4 Feb ?: 6
par
No par
;
Sep
21
5
No
Oct
22%
13% Feb
43 % Jan
(The)— T—No par
Class.A——
No par
700
May 22
107%
Dec
11% May 20
144 Jan
3
Co
conv
10 %
Jan
Dec
1%
3
100
No
gtd 4 %, stock
Coca-Cola
2
% Feb-
5
Jan
21%
1
>
3
21
Jan-
37 '/e
Oct.
Dec
5'/a May 21
Y
Apr
Dec
13% Mar 23
52
Apr
Jan
244 May
29
Dec
July
.,
5%
31%
26
Jan
2% Jan-26
17
Dec-.
93
7'
Feb.
5
1
••
1
Y
34% July
'
5
19
l
*
Jan
444
39% Jan
par
f
4% Aug
77
2'% Jan
2
444 Jan
29
115%
11
Mar
28
5
:
vSep
30
25
2
Jan
95
29
25
Y
■'
3% July
Dec
3% Feb
;
16
Apr
1% Jan
Dec "
Dec
18
5
Apr 27
14% May 2
5V2 Apr 22
2% Apr 15
1%
1
Apr
No
w,"
75
10834
Jan
10
Dec
10% Jun
22% Mar
7
1244 May 21
par
12244
Jun
3% Feb
2
33
par
Y
YY";;
••• w-.—
—
2
50
No
-'
—
Dec
Jan
par
—100
;>
50% July
—UiY
•
Dec '
.
1544
244 Feb 17
10
944 Jan
No par >.
f
'
■
5%
3
27
div—__No par
No
Sep
Jan
29% July
-,i
3
,
71% Jan
27
Mar
% Apr
•-
14
23% Jan
.
27
Jan
2
1% Apr 28
3
1...5
22
8% Jan
125
Y
Jan
'
1% Apr
par
;
12
Jan
3»%
87%
Mar
94'% Jan
93
v
Dec
Feb
Jan
i
92% May
30'% Jan
Apr
.
244
43
120% Jan
2
par
41
Dec
22
x
6
:
12% May 21
2% Apr 14
par
1
Dec
,
79
•
Jan"19
Feb
42.
Apr 27
1% Jan
(
32
Aug'
Apr
3% July
■
90
par
3
V
121 % Apr
17
'
No par
7%
Jan
'
24
Oil—
Co
"
1%
Jan
69
15
Apr
6% Apr
1644 Apr
Preferred
•
5%
%
RR
Sep
4ft
,
32%
5
27% Jan
3.
Apr 29
77
23 44 Jan
C & St Louis Ry Co
& Pitts
17%
!
Jan
6
Feb
Y
24
16
;_5
preferred
4
7%, Jan
14%
16
2% May
16
Jan
-
-,<••
100
pfd
$4.25 preferred—
*10
Nov
1%
37% Feb
28
244 May 18
: 54% Apr 17
/
100
Collins & Aikman
*10
1983.
54 Va
Dec
32
23 V2 Apr
1-100 "
Co„—.No
3,000
103
10
page
Sep
Mar
ll
2
77
;
No. par
No
Coca-Cola Intern Corp
Colgate-rPalmolive-Peet
10%
see
24%
51
14
10
-_100
3,000
10
footnotes
3% Jan.
<.*1
:
Climax Molybdenum
Cluett
Peabody & Co—
20,
3,600-
10%
For
16
vl%Feb
•
1—5
100
Clev
1,100'
98'/a
*97%
%
1%
*1-
15% Dec
29
1% Jan
'
Apr
32
—100
—100
5 %
3,100-
'
148
13
-
14
26
5034 Jan
•
29% May 16
'
^,-10
Copper Co
Special
33%;
*94
•
103
19% Jan
50% Apr 14
A May 21
'
par
1
5% preferred
100
Clev, El Ilium $4.50 pfd—No par
Clev- Graph Bronze Co (The)
1
60
Jan
Dec
,
120
100"
Apr
12
Jun
1—1
!
Jan
July
10%
preferred—100
1
Jan
100
2644
No
Cotton
Co
Aug
Feb
5
City Investing Co
City Stores
Clark Equipment
,
107%
77%
13%
•1344
2
si 6%% preferred
C C
48%
'
*1
200
♦520
13%
98 y8
11%
16% Jan
23
Mar 1.1
Co....
Chrysler Corp
City Ice & Fuel
100
71; -71%'
60%' 60%
'
Chile
17,900.
23%:
*142%
-•'.■
13%
7y2
100
Chicago Yellow Cab
2,650
.75
28%
148
*94
12% May 14
16
2%
'
%
"1
13%
*97%
103
Y
60%
*520
*94
10
29
32
77%
71%
*58 Y
Jan
—100
Pacific
Dec
10
% Jan
135
♦43
18
par
Jan
% Jan
42
'95.%
28%
67%
60%
*13 44
97%
11%
28%
*142%
67
*58
13%
"
7
2844
11%
2
93%.
-
.
"22
</
143
66%
*480
13%
*94
*97%
27%
143
*480
13%
*95
*97%
14%
-
144
4%
Dec
2
9%
*29%
;
33 %
Dec
6
ia Jan
i
,.107%
95%
33%
~
244
14
% Jan
X
'*244
•
48%
-•-*94%
14
44 Mar 23
58
*92
,
23-
95%
95%
30
844 Jan
76%
50
&
Sep
Sep.
6% July
3% Jan
•
6
-.100
21
.*9%
4% Dec
20% Apr
17
—100
Isl
4%
25
12% Jan'
-a-—1
cum
Sep
Nov
9% July
Dec
Dec
13
29
Jan;
56%
Dec
1%
15
•
6
-
preferred
i%
...*67;
*107% '108%
22%
i%
*--:
75
14
Apr
6 44 Feb
preferred
Chickasha
2%
*67
19
5%
6
34%
May
95
—25
;
preferred
Rock
Childs
135 1
75
.23
"66
344 Feb-
49
2444 Feb K 5
7%
Chic
*32%
30%
135
27
2
6%
conv
pf ($2.50)
300.
58%
944
"2%
30%
30%
*
135
42
7 44 Jan
2
100
$3
300
42 V
*93
42
10
-
100.
5744
93%
*32%
93%
*32 %
55J/2 Jan
17
Chicago Pneumat. Tool—
*18%
9%
.
20% July
:
200
i
21
56%
35%
Dec
900
10%
t
*18%
Dec
15%
200
„*11%I 12%
)
56%
23 48
V4 Dec
25
j—No
Pr
|
July
3
21 % Jan
Order Co'
8 Va
7
%
,10%
11%
*93
2%
9%
>1%
93%
2%
.
•
Jan
July
Jan
2
—40
Mail
5%. Dec
944 Apr
preferred
Chicago
5%
76
Feb
19'A Jan
93
RR
51
Jan
26
24
A
\
118
1
23
1..
-
Jan
12%
Jun
18
44
*1%
42
300>
14
(
50
1A
11%
"9244
5r/o
'%
11
9%,..
-22
55%
12%
2,900
7% Feb
23% Mar
Dec-
2% Deo
6
Apr
;
7%
109
x
5
No par
111
Dec
9
28
Chicago Great West RR Co——50
35%
50
11%
"3244
"2%
12%
>33
51;
144
-
5%.
%
*9% •■9%
*93
93%
9%
9%
Glass
11%
16
Dec
Cab
Chic & East
70O
800.
37
3
Apr
Preferred series A
500
1%.
.
*4%
;
35%
.
44.
144
57%
*9 44
>33
%
3 44 '
944
1244
35 3A
100.
Jan
Feb
15
Mfg
JChesapeake Corp——
Chesapeake &'Ohio Ry
5,800.'
1%
'44
11%
.22
*3%
-
5%
%
*9%
1%
•
5%
Y
9%
12%
-
29%
>
30
Nov
prior preferred
Checker
.
|
16
Sep
Sep
3% Jan
82
Common—'i
.
14%
8044 Apr
No par
Cham Pap & Fib Co 6%
700
200
90
*%
•
9%
5 44
*3
11%
*144
*18%
l5/a
♦%
10
*11%
1%
3%
1%
*%
16
29%
.
*88
3%
51
•
x
1
12%
'
%
♦9
12%
1 Va
f .,
37!}
Va
*18%
•
*50
'%
9%
*11%
1%
*1%
18 y2r
*33
'%
,%.
*944
12%-
*11%
35%
r
*12%
50
50
\k
V2
*%
,
12%
*33
32
V
*4%
15%
*5% Y 644
29%
1%
6 %
Dec
9%
No
Chain Belt Co
9944
-,
*14%
90
*%
10 Va
300
f
7
4%
Certain-teed
330
Jan
6
Cerro de Pasco Copper—'....No
Products
60Q
.18%
*16%
*97
5,400
6%
*
Century Ribbon Mills
>
*2% Y 3-
3%
t.
9%
5
12%
35%
:
*4%
*12%
51 %•
*33
*50
*
*4%
4%'
10%
29
25
,--
Dec
27
No par
1
:
1
Jan'
preferred——100
4%%
Preferred
••
.
3
>88
1,100
90
.
Lt
Aug
1
6V2 Mar
'
Oct
2%
Jan'
19% Feb
par
45%
7
Jan
66
Jan
Apr
Dec
5
<112% Jan
•
^
23
Jan
2 Va
—100
prior
Foundry
14
Dec.
41
38
14
preferred—
111
Jan'
Jan
8%
23%, Dec-
3
Jan' 13
7 44 Jan
JCent RR of New Jersey
Central Violeta Sugar Co
2%
;4
25
I
1%
9%
4%
.
29
*3%
"1%
*2%
89
.
*%
1%
99%
*97
*14%
15%
*5.%Y 644
6%
'
"3%
10%
16%.
*2%
ie
3%
16%
14%
13
29%-.2944
1% M3-4
26
<
28%
*89
1
*13
Central
*2
1%
*5%
3
Central
50
500
Jan
35
23
5ye Jan
Ceptral, Aguirre Assoc'--—No par
1,200
*88
25%
99%
1
1%
300
2%
.
17%
•
4
2d
% Feb-25
9% Feb
23
2y8Jan
100
Celotex Corp„
5% preferred-
95%
2%
29%
1%
14%
6%
.
90
•}&
17
16%
13
25%
-
7 %.
29
15 % Apr
7% prior preferred:
80
1,800
99%
1%
90
-
29%
260
67/a
43
2
—
series
i
Apr 29
18
.100
Celanese Corp of Amer
5%
Jan
■17%
<15% Mar 30
—5
Caterpillar Tractor
30
"2
12%
*2
*88
..
Preferred
25%
2
Co_.„
1,300
83 Va
'
A
-
•
(J I)
*92
2
12%
2%
*96%
15
*5%
1%
95%
30%
25
18%
"96
%
2
90
30^
1$
2
25.
1
*92%
13
*88
30%
*1%
25%
1%
13
2%
*88
2
•25 44
1%
13%
*2
90
29%
*
29%
13%
86%
115%
644
*66.:.
95%
14%
115%
50
Dec
11% Jan
-a
3,100
48
,,
*82%
1%
"14
*85
,
33%
1734
f-s
8644
115
6%
*66
*2
18
86%
82%
"94%
2%
*32%
V Case
800
14%
.5% Jan
Carolina Clinch & Ohio Ry
Carpentar Steel Co
.«
Carriers & General Corp^.;
300
Jan
2
y_5
,
—
$3 preferred A
"70
121
<
6%
1%
"2
33%
115
v
*120
,
Mills
12%
18% Apr:
Dec
No par
Capital Admin class A
.
2'/4
62 YY ':
i
*60
-»
121
82%
95%
2%
62
2%,
6%
1%
"2
.
%
Cannon
Dec
s:,;.%
i'A
Apr
6V4Jan
1
100
Dec
6%
2
53
50
200'
.
24.
*22'%
.
4,900
.
..79
83%
"94%
t
24
2%
35
*77
79
50
2%
*33
6%
16%
*16
35
4,000
>
31%
*1%
No
Hecla Cons Cop
Campbell W & C Fdy—
Canada Dry Ginger Ale..
Canada Southern Ry Co_;
Canadian Pacific Ry
1,100
4%
*30
"
134
*120
86%
-
-
14
16%
100
Calumet &
4%
>
.
.115
69%
2,400
444
14
32
%
*22'%
2%
.17%
.
6%
6
,
,
28
9
<'
par
Zinc-Lead-
3% July
39% Jan
6
May 21
....1
No
Sep
Sep
21
Apr
%■ Feb
5
16
19% May
14% May
-
•21%
-
944 Jan
May 19
-
•
Jan
•
23% July
Dec
18V2 Feb-
11 %
i,_10
Packing
Callahan
10%
/
No
1
L—
54
Dec
16
17
No par
Apr
9
Jan
Jim
lll%
30% Jan'
2 44 Apr 24
4944 May 20
„_1
preferred
5,000
34
V
California
5%
f)
Iff
(f
1
*81%
6%
*66
17
17
83
6%
69%
"66
17%
800
;
0
Terminal—
38
i 17
Sep
;
;
par
Mar
35
Dec
17
Mar
21
6% Jan
5
7
Oct
90
24%
Oct
89
18'A
V.«
1
2544
Z:
13 :
Apr
Apr
16
•17
•
■412% Apr'
l
17
-
..l—.No par
Participating preferred
Byron Jackson Co__i
400
16%
53
*49%
10%
*77
33 %
*84
115
J6%
...
.
29'%
*33
120
32%
.
%
1%
61'%
120
115%
7
.
V
121
16%
53
12%
4'/a
24
.
f
*12%
81
29%
*30
; 79
*2'%
85%
115
"65
61%
*119
32%
16%
2%
115%
86 44
114
♦59%
122
32%
I 16%
"82
.; 2%
61%
61
12%
100
29%
35
79
*79
600
Dec
Jan
9% Apr
Bldg 7 7c preferred__100
5% conv preferred—
i._30
Butte Copper & Zinc—
5
Byers Co (A M)„
No par
500"
Dec
.70
Sep
%
6% May 14
xl03y4Marl2
Bush Term
7
11
2
Bush
2%
10
7
17% Jan.
2
•" j
1
No
Butler Bros__J
900
20%
•'
2%
*6%
X10'%
32
,
20%
14
4%
.
500
5%-
5%
32
444
4,600
250-
*13%
'
,
2%
21
6
<
14
4%
744
r
5%
■
•
Iff
'
30
*1%
2%;
Burlington Mills Corp
Conv-pref $2.75 ser_iT
Burroughs Add Mach—
2%
16%
10%
.
4%
'
*23
300
2%
7
*49'%
6
•
14
10
30
/
16%
55 44
*20
2
Apr;
20% Jan
28 V2 May 15
par
Forge- Co—
Co—•;
Bulova Watch___^
81
%
5%
5%
12%
52
%
14
*33
.
Buffalo
Bullard
400
20%
*79
; 16%
*49%
11
10
*4Va
244
35
16%
53
%
534
*29%
,
29%
*l7/a
16%
*49%
81
12% '. 12%
14
4'%:
*33
12%
5%
20 %
*77%
10
;
32%
444
81
%
534
5%
20%
*12%
53
%
•
5%
20%
*77%
16%
*49 %
%'
5%
500
50O
.
'
Jan
2'/2Feb
10
7
par
No
'
'
20%
2%
'
"86
2%
par
No par
Wheel_i—
>
7
Jan
24
28
1
-
„100
*53%
20%
-
Mfg—Ui-
22
7
*2%
20%
No
preferred..—i—
T7
-
67/a
'
11%
18%
Apr
.
100
-22
55%
7
*11%
Budd
17
*53%
•
81
800
(E G)
30
-___5
16%
16%
5%
2%
7Ve
11%
•
par
No
Mar
26
No
Cou.—
17.
55%
20%
*6%
*75
440
17
2134
6%
5%
49'4
'
Dec
40% Jan-
'i
May 22
1V2 Apr
15'A Jan
par
preferred_____.__
Budd
49%
11% Y
-'
*21%
20%
*20
■
17
22%
7%
900
6% J 6%
25
x 15
.^.5
Co_T—-___T
BucyrUs-Erie
240
Jan
13
6
1
No par
Bruns-Balke-Collender^«
1,700
10%
3
95y2 Feb
■■■;,
2
■
No par
2%
■f 6%
11%
18
1
*21 %
900
,
105
No
2%
50
6%
....
<12
*16
-
"
,
49 V8
6%
Y
"
3,800
700
.' 6%
105
2%
Y
*16%
20%
"5%'
2%
8
J
23%
Dec
12
28
lV2Jan
par
Brown Shoe
—
;
29%
6%
:
Y
Manufacturing...—No
Briggs & Stratton__L__4,
Bristol-Myers
Co
Brooklyn & Queens Tr_„
Bklyn-Manh Transit:
Brooklyn Union Gas;
900
iO
•'
1
6
19% Jan
Briggs
300
Dec
5
70
;
-13y8May20
18% Mar 31
„100
2,300
•
May
30% Apr
•
Corp
Bower Roller Bearing Co
L_J_5
Brewing Corp; of America
.15
Bridgeport Brass Co........No par
*11% >.11%
'
6% \
106
*53%
.
2%
20%
'■
2%
49% "49%
6%
11%
6 V2
*105
•
;
100
,
*28 1
<•
par
1,000
32
*7%
■
29%
No
•—C—L-i
Inc^.—_—
_i—l ;
(TheK—_gt5 >
Co
Borg-Warner
100
15%
14
2i% Jan/ 6
2 i;0 31% Jan
5
77% May
Stores
-
•?
1
7%
•
11%
106
2%
50
1
22%-
18
*21
'
7%
6%
•
>105
-
*28
11
6%
106
•
'
-
1
Y Ji
.
par
1
28%
32
Ji
*—No
8
''••
*28 : V
144
class A
15
"
*7%
32 Vs
*JJ
*1
Co
Boston & Maine RR_
"•; 17% •17%;
> i
2844-/
32
8 ^
♦7%
11
*26%
1%
*28
29%
1
Ami
Bond
5,100
,
31% Aug
28
14% Jan
65'AApf.. 28
>5
28
-
xi5
:
•
25
Borden
•
17% -17%
JI
•"
;
Ivy
8
<
Class B
700
19% Jan
•
i3y8May20
Bon
8,100
Dec
30
Apr
$ per share
21
30
Bohn Aluminum & Brass:
1%
-*26
.
16 Va
73/4
31%
♦Ji
*1
1%
'
*1%
,
8
par
Highest
per share *
20
73s Jan
29
11% Apr
Year 1941
Lowest
22'% Jan
5y4Mayl9
■
5
Range for Previous
Lots
$ per share
2
'
80.
T4%1
18% ■; 18%
23
22%
1%
.28
*H
>27%
*31%
Ji
'
-
.
17%
27%
*1
8
6%
105
14%
•
par
1
100-Share
YYV Highest
share V
18% Apr
14% Apr
No jpar
..No
■■■■
per
No pur
...No
of
Blumenthal &.Co pr^ferred___^^100
Boeing Airplane Co:__.
l„l5
20
*31
Par
'
Basis
Lowest'
7
•
Bloomingdale Brothers
6,700
100
18%
"1 >/2
7%
17%
28%
31%
Ji
29%
10%
'
:
106
30
:
26%
23
*26
16%
•'
*7%
18
*27%
1
*2844
6%
"104%
1
'
29 %
*io%
:
*ii
-
;
11 vi
*28%
17%
18%
*31%
8
-
7%
29
43)
1 Va'
*7%
7%''
*28%
14
13%
1
YY»7OY .77%
77%-
18%
1%
26%
18 44
Range Since January
On
Bliss & Laughlin Inc—
_68.•
*2344
31%
21%
-
1,700*
'■
"1%
? 1%
•
32 %
'Ji
Y
>25%
7%
18%'
29
119
26%
7%
29
18%
21% <22%
♦13%
16% :
18%
18%
23
2.000
:
-,13%'"
2644
*30%
'13%
13 Va
13%
18%
22%
1%:
*1%
-
STOCK
Bigelow-Sanf Carp Inc
Black & Decker Mfg Co
Blaw-K'nox Co__—
Y'
10
*9
7,68 .7/
13%'
•"---'*70
31%
*25%
26%
7%-
>13%
13%
18%-
1%'
'*1%'
*25%.
YORK
EXCHANGE
•
'
300
16%
12
13%
*25
'77%
*30%
21%
*10%
10
♦62
•
25%
31%
23%
-
•
•
>
Shares'
'YY 544 % 544
11%
*8
13%
*25
16%
*10%
q
*21
5 %;7 7; 5 %
7"
11%
♦647. 7 69
,
""
21
16% ■!
.
r 5%7'
.
>71%
23
18%
23
NEW
the Week
*
$ per share
"
*13%
Safl&s for
Friday
•r
$ per share
21
*10%
14 1
77%;
Thursday
May 21
;
,
'$ per share
"9
69,;
"24%
May 20
,
>; 7,.'
12
10
13%
*
•
;1644
644
"10%
31%
*30%
16%
.
5%
"62
J
14
•77%
16
11%
"9.
t
20%*
5%
9
77/
•
„•
20%
"10%
11%'
9
•'
STOCKS
Wednesday
May 19
$ per share YY
21
15%
5%'
'S
RECORD
PRICES
1
it per share
16
5%.
♦10%'
-
May 18
21
16
Tuesday
Monday
share '
$ per
HIGH SALE
AND
1975
1
%
2
Dec
2%
Sep
Y
y
Monday, May 25,1942
1976
NEW YORK STOCK
RECORD
Saturday
Monday
Tuesday
May 10
May 18
May 1!)
;rl'/a
1%
1%
$ per
<1%
363/s
1%
36
1%
1%
343/4
343/4
33%
*32%
33%
68
36
*35
34
*32
34
*63
68
*64
68
68
X67
"V: 67 Mi
6
6
6
5%
6
6
6
27
*25%
27
*26
*34
*31'/a
*63
6
6
■
*25%
-
25
100%
*100%
7%
ft
ft
28
28 Vs
"
28
29
28%
28%
19
19%
19
19%
2%
*1%
15%
15
15'ft
10%
103/4
10%
103ft
1,600
*80%
88%
40
89%
89%
60
79
80
80
89%
89
89
85
*793/,
89%
89%
4%
12%
86%
*6%
7%
*4%
47/B
1%
1%
4%
43/4
7%
*7%
*13/8
134
*l5/8
4%
4%
*24
26
85%
*84%
86%
*84%
*123/4
13
123/8
12 3/4
*12%
2%
23/,
80
83 3/8
833/8
*7%
7%
7%
7%
73ft
34%
*20%
343ft
343ft
34%
34%
2%
20%
*15%
16
2%
2%
2%
2%
2%
9
*8%
48%
*45
49
*45
X23%
24
*7%
20
100
48%
*45%
48%
*45
*44%
44%
167%
167%
*88
*%
%
89%
89
89
89%
89%
89'ft
89%
13%
13%
13%
133/4
14
13%
13'/a
900
13%
15%
153%
*10 3/8
10%
10%
10%
78
78%
783/a
79
77
773%
27
26%
26%
233/4
253/4
68
68
68 %
67
67
113/4
11
11%
*105/8
11%
5%
5%
53/8
*77%
27
27
*67
68
*11%
12%
*67
*11%
12
113/4
*5%
6
X5%
6
135
*78
83
J " *77 •
10
14%
%
*9%
9%
*83/4
10
300
15%
15%
400
Cuneo
93
*90%
93
14
14
14
14%
14
14
14%
*13%
14%
13%
13%
14%
6%
6%
6%
20%
203/4
193/4
13%
14%
14%
*14
15%
600
6%
5%
S/8
21
*51%
12%
3
*2%
*51%
preferred
Curtiss-Wright —
22,200
4,000
$8
Jan
1 %
July
11
July
30
1%
Dec
3%
5
Dec
13
6% May
93/4 Nov
21
Feb
2%
53/4 Mar 26
7
Jan
%
Feb
Jan
7% July
30
Mar 26
14
Dec
2
96% Jan
15
93
Dec
17
13% Jan
3
11.,;
Dec
16% July
29
3% Jan
15
Dec
Apr 28
103% Jan
28
5% Aug
1093ft Nov
31
2%
Feb
10
Feb
45%
Sep
7
16
2 3ft
Dec
4%
Jan
Jan
16
17%
Feb
27%
Nov
15%
Apr
23'/a
Jan
9%
Dec
18%
Jan
Dec
56%
Sep
Dec
Apr
Mar
Dec
Dec
52%
24
51% Jan
30
253/b Apr 24
333/4 Jan
26
3
12% Jan
48
553ft Jan
17
28%
42%
170
2%
ft
9
Jan
24
174
17
2% May 22
33ft Jan
5
8
% Feb
11
Jan
6
11
May 20
95% Jan
5
2
14% Jan
12
88
Dec
10% Dec
Mar
17
19% Feb
5
Jan
8
33 Apr
103/a Apr
89
14
17
12% Jan
53/4 May
Sep
Jan
33/4 Jan
19% Jan
Apr
Jan
6%
Mar 13
42% Apr
40%
Dec
15
35%
42
28
Apr 23
159
Jan
21%
27% Jan 20
8% Jan
Jan
79
July
106%
8
1
9
Dec
43ft
Jan
Jan
Dec
x54
182%
Jan
4%
Jan
%
Jan
19% Jan
Jan
107
19
Jan
9
July
15
Dec
27%
Jan
32
Mar 27
41
38%
Dec
45%
Jan
10
Apr 27
11% Jan 20
10
Dec
153ft
Jan
May 19
88% Jan
15
80
Dec
94
Oct
Jan
3
28
Dec
47%
Jan
79% Jan
2
73%
Dec
98%
Jan
13%
Nov
14% May
77
36
233/4 May 20
Apr
15
10% Jan
5
67
133/4 Jan
27
135
2
83
74% Jan
;
77
Dec
16%
Jan
Dec
26
Dec
25
Jan
98
7
Jan
Dec
99
Dec
%
4
Dec
18% Mar 27
133/4 Dec
2
18% Jan
5
16
5% May 20
9% Jan
6
25% Jan
13% May 19
par
12% May
Sep
12%
15% Jan
98
% Apr
Sep
Feb
8
14
Mar 14
2
127%
41%
Feb
43 Jan
8%
Feb
3%
13
18
Feb
72
May 20
Feb
7
13% Jan
6
9% May
1% May
14
Jan
9
5% May 21
Jan 16
120
1%
Jan
Jan
45
Dec
6%
343ft Feb
Dec
10%
Sep
12
24
Dec
29%
Jan
Jan
19
86
Apr 30
80
Dec
90
100
80
Aug
No par
Wo par
44
Jan
17
52
pfd
preferred———
Cutler-Hammer Inc
1073ft
29
15% Apr 29
8% Apr 29
19% May 20
.1
Cushman's Sons Inc 7%
700
13
13
Jan
8% July
233/a Jan
8% Jan
90
A—...—;
Class
103
6% Jan
45
—Wo par
.1
Prior
*51%
13
No
Dec
Jan
2% Jan
.Wo par
——
Dec
7
100
Preferred—
95
*84
—
13
12%
20%
95
*84
95
♦84
13
6%
20%
6
6
20%
__
13
60
193/4
95
*51%
14%
5%
20
*84
95
*51%
10,100
*14
%
*14
19%
6%
6%
21%
5/a
14%
5/a
%
%
%
preferred
Curtis Pub Co (The)
4%%
93
*90
Dec
%
5
Inc
Press
8
x82
•
Jan
4
2
17
.30
Cudahy Packing Co
153/a
Jan
Dec
7
30%
•
3
2% Apr 29
.100
preferred
conv
153/a
13%
13%
5%%
80
14
30 J/4 Apr
100
Preferred
120
4
16
Dec
113A
Feb
Jan
9
7% Mar 13
No par
5
No par
—No par
100
100
100
preferred
preferred
4%
A Jan
14
94
9
Apr
21% Apr 29
25
100
—2
(The)
Cuban-American Sugar
9%
*13%
13%
conv
Cuba RR 6%
280
4,100
140
*78
93
14
2% Apr
1
1
preferred
conv
153/8
*90
4% May 18
7% Jan
77
No par
5%
400
5%
*128%
83
May
4% Jan
No par
*15,
*12%
*84
*77
90
6% Jan
25
100
preferred
conv
9%
13%
95
83
3
Apr
1% Jan
—20
Corp_
153%
%
ft
*51%
*78
*83/4
Jan
4% May 13
Cork & Seal
$5
11%
53/8
140
*130
Apr 20
97% Feb
7
5
50
Refining
*90%
93
*90%
93
%
135
69
*10
of
Crucible Ste^l of Amer
3,700
25
Inc
9%
15%
*14%
69
Dec
ft Mar 27
No par
153/8
10
*9%
10
14%
82%
*78
25%
69
243/4
69
233/4
132
134
*127
134%
82
,>*127
*127
x5%
55/8
78
78
*77
77
11% Apr 25
-Wo par
———5
—Wo par
pfd
100
25
$2.25 conv preferred
Crown Zellerbach Corp
110
10%
10%
10%
80
24
~1
Co.—
Crown
600
103/a
28
89
78
Crosley Corp (The)
37
37
10%
x
5
Inc
5%
1,800
16%
16%
*35
*35
10%
10%
Jan
18
65% July
Dec
Feb
Apr 25
83
-
Cream of Wheat Corp
200
7
*6%
6%
165/a
37
*35
37
*35
37
6%
16%
7
*6%
7
15%
153/8
Jan
Motors
Oil
Products
Crane
190
89%
133ft
*6%
15%
973ft
20
113/4 Feb
97/e Feb 16
75
No par
Coty
3,100
90
6%
15%
Dec
Insurance
Coty Internat
12
26%
*10%
*13%
%
IP/4
*35
*78
*84
*%
*88
37
6%
%
*%
12
6%
Dec
9%
Preferred
700
10%
15%
21
2%
11%
6%
23%
Del
Corn
40
2%
11
14%
*90
172'ft
2%
173
11
147/B
*5%
*167%
*2%
10%
*6%
*35
*167%
3
11
13%
*13%
168
11
11
90%
'
Dec
Corn Exch Bank Trust Co
740
*10%
18%
Copperweld Steel Co.
Conv pref 5% series
4,400
*%
21% Mar 25
May 20
15
Continental Steel Corp
29%
%
Aug
16% Jan
12% Apr 22
20
5
$2.50
.1
5
Continental
800
9%
46%
*%
18 3ft
Continental Diamond Fibre—
16%
9
463ft
%
13
Dec
100
Continental Can
Continental
28%
%
Nov
preferred
Continental
*15%
9
8%
5,700
29
*
2%
"13%
Feb
2,400
20
46%
%
7
May
2%
23ft
283ft
3
6
33/8 Jan
May 12
pfd
No par
Corp of America.—.
25
2,200
46%
*2%
233/4 Jan
2
22
353/a
463ft
*2%
17% Apr 29
—.100
200
28%
168
Dec
Continental Bak Co
4,400
453ft
23ft
Dec
No par
preferred
conv
7%
35
17
9
5%
500
28%
168
Dec
%
39%
1,900
45%
*2%
11% July
7%
8
2%
88
28 3ft
168
Jan
6
123/4
45%
3
10
Jan
110
33 Jan
12
28 3ft
170
Dec
Oct
37%
Dec
i
100
93/4 Jan
104%
Dec
1
'19%
7
44% Jan
Container
45%
*2%
96
26
263/4 May 21
103% Mar
J2
Consumers Pow $4.50
28%
*167
2
600
28%
*28%
Feb
100
29
400
2%
20%
19
46%
Consolidation Coal Co
87%
2%
*15%
9
46%
Mar
85%
125/a
35
2%
19%
9
Aug
31
82
"
9
28 %
Dec
i3« Jan
No par
$2 par tic preferred.—Consol Laundries Corp
200
100
7%
35
16%
*15%
16%
*15%
*8%
8%
47%
16
19
20
19%
20'ft
20
*15%
Apr
16%
7% May 12
100
100
Y
200
24%
*7%
73ft
34%
27/a
21%
Mar
24% Apr 25
Corp
N
900
23/a
23
of
Edison
Consolidated Oil Corp
Consol RR of Cuba 6%
87%
*84
23%
22%
23%
223/4
233ft
Oct
19
20% May 22
par
-
6 3%
85 Vs
12%
2%
23/8
81%
♦2%
2%
7%
27
No par
$5 preferred————
Consol Film Industries—:
7,100
26
*24%
26
88
83
July
2
91 % Apr
No par
1
4%
*43/8
4%
*4%
*24
*84%
*2%
*76
4% May
63/4 Mar 21
Jan
Apr
83
8
par
preferred
6%% prior preferred
Consol
200
13/4
5
6 3%
6%
6%
6%
43/8
25
13
*123ft
35
43/4
85%
85%
7%
*7
4%
6%
..
25
_
Consol Coppermlnes
14,700
-3/8
l3/4
4%
4%
*3/a
7%
*7
6%
6%
*4%
25
26%
*25
3/4
7%
43/4
4%
'
•
200
87
%
*3/a
3/4
.'*3/8
*3%
7%
*13/4
%
.
•
12%
12%
*86%
87
*86%
87
87
Dec'
29
Jan
2
100% Mar 17
par
7%
3,600
4%
4%
4%
12%
87%
64
4%
72
.,
Jan
20% Jan
par
Co
Consolidated Cigar
10%
4%
ft 4%
2%
*45
15
*10%
12%
7%
8%
15 %
5,900
15
10 %
133/4
4%
23%
34%
13%
15%
*87;
Nov
82 %
Dec
42 Ve
5% Jan
24
-No par
*13%
*88%
1%
2%
*7%
400
Edison
Commonwealth
Conde Nast Pub Inc.
133/4
7%
83
23
*13%
133ft
Jan
Dec
•
43%
-
•12%
*3/a
13
*21'ft
7,600
2%
12%
7%
85%
*12%
193/4
*13/8
,45/a
♦1%
263ft
*74
19%
2%
4%
7
*84%
19%
12%
4%
*25
19%
4%
4%
>
1,600
133/4
79
3/4
7
28
12%
8
43ft
*4%
27%
72
1
6
7
;
No par
$6 preferred series—
15%
l3ft
•
*3ft
l3ft
27%
12%
k
88
*71%
27%
-
x4%
43ft
123ft
"
ft
863ft
43ft
12%
*86
ft
Congoleum-Nairn Inc
Consol Aircraft Corp
13%
897/a
*88
89%
89%
9,700
32
-2%
79
*76
79
*7S
ft
♦10%
10%
10%
10%
*9%
2,900
8
7%
*13/b
16
15%
15%
15%
300
102%
*101
No
$4.25 conv pf ser '35
No
Commercial Solvents
No
Commonwealth & Southern—No
-
2%
*13/b
13%
*13%
14
*13%
26
*1%
2%
*1%
-
97
25%
19%
183/4
19
Comm'l Invest Trust
4%%, conv preferred
*91%
101%
7%
9,000
5,900
20%
20%
-
Credit
Jan
54
45% Jan
$ per share
.
16% Jan
.
No par
10
100
$2.75, conv preferred—
Commercial
17
Apr 22
Mar 16
51
No par
No par
Co__
Pictures—
Columbia
2,000
6'ft
257ft
26%
as
273/4
19
28%
20%
97
7 5/a
7%
ft
1
*6
Carbon
Columbian
500
68
65
101%
102
7%
7%
ft
ft
ft
24%
20
28
32 % Apr
32
3
13/4 Jan
lVa Apr
x
—100
100
preferred series A
5% preferred
i..—
6%
Highest
$ per share
$ per share
$ per share
No par
Columbia Gas & Elec—
Lowest
Highest
Lowest
Par
500
337/a
'
EXCHANGE
7,100
*22
25%
253/b
l'ft
343ft
*33
27
*91%
97
25
1%
:
Year 1941
On
Shares
6%
19%
19%
19%
*91%
97
7%
*7%
7%
100%
102
102
102
7%
25%
247/b
24%
24%
*100%
*91%
97
*92
97
*64
18%
183/4
•
18%
18%
18%
18%
33%
333/4
''"'333/4
29%
*25
28
*25
•92
-
1%
35%
share
343ft
-.1%
34%
.
the Week
$ per
share
$ per
$ per share
share
1%
♦34%
share
$ per
share
$ per
ft
May 22
May 21
May 20
Sales
STOCK
YORK
NEW
for
Friday
Thursday
Wednesday
Range for Previous
Range Since January 1
Basis of 100-Share Lots
STOCKS
HIGH SALE PRICES
LOW AND
Apr
17
42%
Feb
473/4 Mar
173/4 Jan
12% May 20
14
14 V*
Dec
20
33ft Jan
10
2%
Dec
6
14%
Dec
18
19
6%
Apr
11%
July
D
*14%
106
10
106
53ft
20%
20
20%
*253ft
26
11
103%
6%
6
20%
20%
*103%
.
203ft
6%
63ft
*25%
*25%
11
*10%
10%
*10%
10%
*10'ft
103/4
10'ft
10%
7%
7%
7%
7%
7%
7%
7%
7%
3
3
3
*10%
*7%
7%
3%
3%
3%
3%
3
*%
33
*%
15%
15%
*%
153/4
33
153ft
13
15%
3%
15%
2%
3
3
*%
15%
*%
15%
15%
18
*16
18
*19
193/4
19%
19%
*19
19%
*19
19%
19%
20
*33%
34%
*33%
34%
*33%
34%
*33%
34%
*33%
35
9%
*8%
*8%
8%
*16%
9
*8%
9%
*83ft
17%
17%
*163ft
17
*163/4
16%
80
*78
80
*78
80
*78%
9
*8%
*78
/
a
17
17%
79
8%
9
8%
8%
8%
*8%
343ft
343/4
*343ft
35%
*343ft
35%
353/a
35%
19%
193/4
19%
19%
*19%
19%
52
973/4
*133ft ft 14
119%
9
9
100
93/a
119%
109%
103
107%
122
122
122
*115
1153/4
18%
*19
19%
*115
19%
*2%
3
*2%
3
93ft
*9
122
*2%
*9
*116
107%
18%
3%
9%
1153/4
*115
3%
119%
109%
1023/4
*1213/4
1153/4
21
115%
20%
2%
*2%
Duplan Corp
33ft
*9
*116%
119%
*116%
119%
105
105%
107%
106 %
107%
122%
122%
123
*122
123
1153/4
115%
115%
*115%
115%
290
21%
21%
213ft
3,800
23/4
2%
2%
100
1193/8
1193ft
——.Wo par
8% preferred..———100
500
21
21
*2%
2%
119
.
Du P de Nem (E I) & Co
9,300
$4.50 preferred
Duquesne Light 5%
Eastman Kodak (N J)._.
6% cum preferred
*116%
117%
117%
lit
119%
120
117%
*170%
176
*170%
176
*170%
176
*170%
26
26%
26%
*26 3ft
27
*25%
26%
263ft
200
13%
13%
13
*12%
13
12%
12%
12
12%
800
253ft
26%
26%
26%
4,800
11%
11%
11%
11%
2,100
%
18
%
26%
11%
-
ft'
26
26%
25%
26%
25%
113/4
113ft
11%
11%
11%
11%
7/a
*18
%
%
■
4
1
*%
1
u
21%
%
21
*193ft
*17%
20%
*19
♦17
18%
18%
18%
183ft
183ft
*17%
18 3ft
•29%
30
30
30
293ft
293ft
30%
30%
"*20
•20
ft/-
%
'l
21%
*40%
110
ft
51
*44
*50%, 53
ft,:
.'
■
'ftft-7-'■ .Y*
ft;ft ;.
,
32
200
800
21
400
El Paso Natural Gas
*20%
43
I *40%
43
*40%
43
*40%
43
*109%
110
*109%
110
♦109%
110
1%
1%
1%
1%
1%
1%
1%
*42
47
*43
47
51
*44
51
*44
51
*44
*44
*50%
533/4
53
53
%
see
page
'
53
53
53
53
%
*
A
*ft
%
%
1%
1%
*43
*43
*44
*44
53
53
>ft
*ft
;
:
1,100
100
—
20
1%
1%
47
47
51
51
53
53
1,600
1,600
70
70
%
%
100
100
ft
Sep
16%
Dec
23%
.
Endicott Johnson Corp
5%
preferred
Aug
% Aug
Apr
2
18% Jan
7
Jan
5
21
Jan
27
12%
Dec
20%
Sep
19
21
Dec
29%
Jan
12
33
Dec
41
Jan
18
Apr
28
33% Apr 24
8% Apr
17
16'ft Mar
7
70
8
5
Apr 18
Jan
51
95
9% Feb
9
Apr
10%
Jan
Feb
26
12% May
18'ft
Jan
79% Apr
17
65
Dec
86
Jan
Feb
13
7
May
36
Jan
12
323ft
21
Xl8
9
2
23
14
May 21
Apr 29
9
15% Jan
Apr
8
27% Jan
38'ft Jan
13% Mar
23ft Apr 28
8
Jan
8
6%
18% Nov
Dec
37%
Oct
May
23'/a
Jan
Jan
29
17
13% Jan
21
x9%
70% Jan
6
59%
124% Jan
3
ylll%
Sep
1413ft
jan
3
12%
Dec
23 %
Jun
4% Mar 16
23ft
Dec
6 3ft
Jan
9% Feb
3
6
Dec
105
Aug
Dec
Dec
17% July
Jan
79
103ft July
Jan
117
115
Apr
13
144
Jan
2
136%
Dec
1643ft
7
120%
Feb
127
Dec
111% Mar 14
118
May
100
111% July
34
Jan
1
16% Apr 17
.—.5
No par
100
4
2
5
3
No
No
No
No
par
par
par
par
3
50
—100
Engineers Public Service.———1
Engineers Public Service
1
$5 preferred
No par
$5 preferred
No par
$5 % preferred
No par
$5% preferred
No par
> $6 preferred
No par
:$g preferred
-No par
Equitable Office Bldg——No par
Equitable Office Bldg
July
6 3ft
145ft Apr
14
No par
112
120
Apr 24
2% Jan
2
Apr 24
170
Mar 28
26
May 16
12
May 22
20% Jan 2
10% Mar 12
ft Feb 16
% Jan 2
17% Apr 27
15
Apr 23
29
Jan 2
; 19% Apr 24
393ft Apr 27
1073ft Feb 16
108
1% Apr 17
40 Apr 28
46% Apr 30
47% Apr 25
ft Feb 21
1983.
ftftft/ft:,
,
''/ft
'ft '
ft/;;.;.,:.."ft
*ft
1%
l3ft
47
47
51
51
*43
*43
53%
ft.
53
....
*17%
110
V*
For footnotes
18%
>
*40%
47
*42
*44
*193ft
21
*20
21
*ft
47
*ft
*19%
21%
11109%
1%
*42
v
21
II
43
110
*i%'n: 1%
*19%
19
32
1,200
I
1
32
31
„
Electric Auto-Llte (The)
Electric Boat—
Elec & Mus Ind Am shares
Electric Power & Light
$7 preferred
$6 preferred
Elec Storage Battery
110
*40%
43
*109%
20
20
20%
20
20%
*26%
27
'
253ft
11%
25%
*26%
27
Feb 26
Edison Bros Stores Inc
13
176
*170
176
*170
176
% Jan
1023ft May 20
Eaton Manufacturing Co
13%
26
*13
118%
14
Feb
23
3'3 Jan
—.20
No par
1st pfd
Eastern Airlines Inc..
Eastern Rolling Mills
2,000
120
No par
No par
Dresser Mfg Co___
DunhiU
*33ft
*116
—
No par
International———.1
100
3%
9%
122%
109%
*122
■
Dec
2%
16 5/a Apr
Dow Chemical Co
200
119%
*8%
*116
-
Dec
6
27
No par
14
14
9%
28
4% Jan
No par
*133ft
*133ft
9%
.*83/4
1,100
103ft
20
103ft Jan
Jan
323ft Jan
Douglas Aircraft
14
2
No par
11% Feb
2
9% Apr 25
7
Doehler Die Casting Co
150
19%
29
18%
No par
Class A
800
14
«
200
8%
1,800
14
25
pref with warrants
—100
Dixie-Vortex Co——.—.No par
12,900
•'ft'., 9%
par
5%
100
79
53
*97
3 5ft
No
Corp-Seagr's Ltd
98
98%
3%
Distil
1,500
53
51
*96
*3%
No par
preferred
97%
51%
97%
3%
19%
100
20
Diamond T Motor Car Co
35
*34
6% pfd
5
2% May 21
10
50
Western
Raynolds A
partic
25% May
100
& Hudson
98
52%
*3%
*8%
10%
52
963/a
3%
Jan
53%
ft
9
ft; 93/a
9
9%
51%
Aug
Dome Mines Ltd
99
*133/4
*133/4 -14
*116
9%
30%
Diamond Match
6%
175/a
19%
52%
*97%
Devoe &
8%
8%
93ft
52
973ft
*3%
93ft
19%
Sep
Apr
Detroit Edison
34%
*76%
35
*34
28%
27
Delaware Lack &
700
20%
175ft
52%
9%
9
20
20
Feb
27
Delaware
90
*8%
79
*8%
18%
Feb
..—:
Delsel-Wemmer-Gilbert
8,100
*335ft
18
79%
17
5
14
tDenv & R G West
18
20%
8%
CO
8% Jan
24% Jan
100
15%
*16
18
*16
16
900
33
15%
15%
*16
18
*%
33
33
Jan
29
Preferred
5,200
Sep
Oct
114
4% Apr
400
25%
109% July
8
Jan
110
Sep
18% Apr
7,300
21%
25%
Mar 16
102
5%
1
Deere
26
17
16% May
11% Jan
No par
20
Decca Records
213ft
83ft Apr
4
7
Inc
4,800
&
15% Jan
Co..—
6 3ft
26
7%
16
20
106
26
7%
16
1,100
213ft
20 5ft
preferred
Dayton Pow & Lt 4%% pfd
Davison Chemical Co.
(The)
6 3ft
6%
*25%
203ft
20%
93ft
*104
106
*104
105%
6
93/4
2% Apr
5
25
100
1
5%
Conv
17%
25%
253ft
*10%
10
Xl033ft
6
53ft
53ft
10
10
*105
9%
*9%
*104%
10
93ft
*145ft
17%
93/4 ft 9%
*14%
17%
*145ft
17%
*14%
17%
*15%
17%
*23ft
3
*2%
3
*2%
Davega Stores Corp
3
*2%
ft
3
*2%
3
:Vft-.'.'ft
ft"
ftft
126% Jan
115% May 21
24
May
Jan
27% Jan
3
3% Jan
13
1% Deo
5'ft
141 ft Jan
7
120% May
145%
Sep
Jan
Jan
Jan
13
160
Apr
182 'ft
31% Jan
6
27
Dec
367/a
Jan
176
Jan
21
14%
Feb
177ft
Sep
26% May 16
5
133/e Jan
173ft
Dec
337ft
Jan
Dec
173ft
Jan
7/a
Aug
15
10
22
3ft
Jan
1% Jan
8
%
Dec
43ft
Jan
35% Jan
23
27%
Feb
397ft
Nov
Feb
36%
Nov
Dec
1 ft May
23
23%
32% Mar
3
26%
263ft Feb
323ft Jan
343ft
Aug
18
213ft
Dec
33
Mar 16
39%
Feb
47%
111% Apr
11
107%
Nov
113
Oct
3 % Jan
5
2%
Dec
7
Jan
30
643ft
Dec
80%
69
Dec
83% July
74%
Dec
89% July
49
66
Jan
73
Jan
5
83
Jan
17
'ft Jan
5
ft Nov
July
%
Sep
Apr
Jan
Volume 155
Number 4075
THE COMMERCIAL & FINANCIAL CHRONICLE
AND HIGH SALE PRICES
LOW
Saturday
Monday
$ per share
$ per share
Thursday
May 21
Friday
•rMay 22
$ per share
May 20
May 1!)
May 18
STOCKS
Wednesday
Tuesday *
'
1
f May 16
4
$ per share
$ per share
$ per share
1977
Sales
for
NEW YORK
the Week
Range Since January
STOCK
On
EXCHANGE
Basis
1
100-Share Lots
of
Lowest
SJiares
Par
$ per share
51/8
; 5%
4%
38%
2%
*4%
4%
21
5%
5%
5%
'
2%
4%
1
5
47/a
35%
35%
65
.
78
1,000
5
35%
{Erie RR
14,100
36%
*65
5%
Erie
*1%
2%
*1%
2%
*17/B
2%
4%
*4%
4%
4%
4%
*4
5
20%
20%
1
*%
20
20
%
%
20
%
20%
*%
20%
21
1
200
RR
par
3% Jan
2
100
32% Jan
2
Co
Vacuum
Evans
1,100
*%
1
No
lnt
par
pref series A
& Pitts
Eureka
300
No
common
Ctfs of benef
1,700
78
2%
21
*%
4%
36%
70
*1%
4%
21
>
;
70
4%
*1%
'
21%
*%
*5%
5
X36%
*65
38%
*65
70
47/a
5%
38%
38%
'
*65
*1%
5
4%
4%
38%
70
'
5%
'
5
*38%
*65
*5%
5%
5%
5%
15
7% Jan
4%
Jan
~2%
Y%
4% Apr
3
Corp
Dec
Dec
Mar 11
27
■
20
$2.50
Jan
~2~
5% Feb
24
26
May 20
Ji Jan 23
H per share
Dec
2%
30%
6% Mar 10
44
Highest
$ per share
20
75
5
5
Co
Ex-Cell-0 Corp
Exchange Buffet
Apr
50
Cleaner
Products
5
Year 1941
Lowest
■v
$ per share
'
5%
Range for Previous
Highest
10
Aug
7%
Aug
42%
Nov
•
Feb
75
•
Feb
1%
Dec
3%
Jan
4
Dec
8%
Jan
21%
Dec
30%
Jan
la
Dec
%
Jan
24
Mar 24
% Mar 31
'
29%
29%
21
*20%
*6%
*73
*28
29% *
*20%
20%
20%
*6%
6%
*€%
76
21
72%
76
21
.,
*28
21
21%
*8%
28%
29%
28%
29%
29%
*29%
31%
*19%
20%
*19%
20%
6%
6%
*6%
'
7
8%
*8%
f
20%
20
*74
*74
.
20
6%
%;
'
21
76
21
21%
'
6%
7
•'
...
74%
21
*74
•
8%
*8%
8%
*3%
3%
3%
74%
*74
21
*21
20%
-
*8%
8%
.3%
*8%
*3%
*12%
*77
3%
13%
*12%
13%
*12%
13%
80
'
*8%
*34%
■
3%
*77
80
*77
80
9%
*8%
35
*5%
14%
';
14%
14%
;
89
*3%
3%
*6
14%
*18
21
31%
11%
f
14%
14%
90
'
i
32
32
*88
95
*84%
*16%
17%
*17
*18
21
*18.
21
*18
21
7%
*3%
*3%
3%
3%
3%
3%
34%
*32%
34%
32%
32%
34
10
*9
10
v
29
28%
29
/•
*32
10
9%
121%
9%
*115
6%
90
*9%
30
8%
400
35 %
1,100
*6
14%
15%
15%
2,700
30
17%
*87
90
1%
30
*17
*86%
1%
30%
17%
1%
200
3%
33
"
3%
100
9
*28%
9%
31%
17%
*1%
86
5 r/o
Food
45
31
900
17%
100
*85
88
31%
*16%
89
140
Fruehauf
5 7o
1%
*1%
1%
1%
1%
1%
1%
*1%
1%'
1%
*9%
9%
*9%
9%
9%
9%
*9%
10
300
18%
18%
18%
18"%
18%
18%
18%
18%
18%
18%
250
Gamewell
2%
2%
2%
2%
900
Gar
*6%
7%
*6%
7%
*2%
7'A
2%
*6%
2%
7 %"
2%
*2%
2%
*6%
,
7%
*6%
7
*9
10
*9
10
9
*50
51
*50
51
*50
51
*50
4
4
4
*3%
4
*97
*3%
101%
*38
*97
39
101%
39
*97
39
♦38
39
3%
3%
3%
3%
3%
*107%
108%
407%
108%
108%
3%
3%
*2%
2%
•
*7
;
*120
...
124
23%
27%
27%
75
66
124
'
I
*
>
>*120
24?
124 f
23%
-
27%
115%
*111%
!,*%
•
16
*67
•
66
75
66
131%
i*126%
131%
34%
34%
34%
34%
124%
124%
124%
124%
124%
16%
16%
*16%
*1%
2%
*1%
*16%
•
18
*1%
2%
12
12%
*11%
12%
4%
4%
4%
4%
*108
109%
*
%
*11
108
100%
A
*27
*16%
8%
29%
63%
29%
17%
*16
17
8% '
64
*14
62%
*14%
*10%
11%
108%
108%
408%
Q
Q
3%
3%
45%
*45
4%
4%
*51
16
62
14%
*14%
11%
*10%
408%
9%
9
3%
45%
44%
45%
45%
4%
*50%
4%
52
4%
*51
4%
52
51
13%
*13%
13%
*13%
13%
*38%
40
*38%
40
*38%
40
*12
*12
A
*2
2%
*74
13%
A
A
*2
2%
76
*2
75
2
76
28%
7,800
4,500
67
35%
34%
125%
'80
125
1,400
129
35%
37,100
125 *
100
2
12%
11%
4%
104
1,200
300
107
5
*26%
16
1,500
16
*8%
58
59
58%
59 •
15
14%
14%
14%
14%
11
11
3%
3%
45%
4%
4%
51
13%
300
11
400
v:
General
3%
3%
3%
1,600
45%
46
4%
*51
13%
%
2
46
4%
1,000
4%
1,000
52
500
14
14
*38%
600
41
JO
2
800
2
1,700
74 %
74%
10
17
16%
17%
17%
17%
17
17%
17%
18%
17%
17%
68%
69%
69%
69%
69%
69%
70
10,300
69%
70%
70
15%
15%
15%
2%
16
15 Ya
*77%
84
2%
86
*77%
16%
15%
16
86
80
80%
15%
*78%
70%
1,600
16%
15%
16%
9,600
80
78%
78%
300
Tire
Safety Razor
conv preferred
$5
$6 preferred
Glidden Co
Gobel
(Adolf)
Goodrich Co
5%
(B
conv
500
%
li
%
1k
%
%
%
n
4%
*4%
4%
4%
4%
4%
3,000
4%
*4%
4%
4%
4%
7
*6%
7
1,000
*6%
7%
*6%
6%
500
Grand Union
23%
23%
23
700
23%
23%
23%
23%
kkky
60 A
IS
23'A
23%
23%
*23%
23%
Granite City Steel
Grant (W T) Co_
,16%
:
2%
59%
%
*6%
:
*2%
59%
H
*4%
m
2%
65%
%
■3m:,
16%
16%
16%
23%
23
23
"56
2%
60
23
.23%
*56
6%
23%
132
6%
*23
132
6%
22%
^
11%
,11%
11%.
41%
a
*10%
10%
*9 %
9%
>2%
56
"2%
2%
23%
23%
..
10%
9%
■
2%;
56 «■;
56
*2%
2%
V
24
*22%
*2
6%
25
2,000
23%
>
500
5%
16%
16%
16%
16%
1,400
Gr
23
22%
22%
6,600
Great Northern
23
22%
22%
22%
22%
900
132%
55
132
%
132 %
*48
133
55
A 133
*48 ;>v
230
55 '■>
28
28
28%
28%
28
28%
11%
11%
10
1,100
11%-
11%
■11%
11%
*10%
10%
*10%
4,300
10%
9%
9%
*9%
9%
2%
1%
*
*53
57
.
.
2
:-'*!%
56
•10%
•9%
2
56
;
56
1%
*53
>
Nor
Great
Green
preferred
200
Guantanamo
-
40
8%
*2%
2%
700
Gulf
22%
*21%
22%
22%
22%
400
$5
*19%
19%
*30
31
116
50
42%
Sep
1%
Aug
Nov
3
38
9
104
Nov
91
Sep
.Dec
t28%
132%
Jan
Dec
48%
Jan
Jan
6
121%
Dec
Jan
3
27%
Dec
6
10
5% Jan
31
3
12% Feb
127% Aug
48
Mar
4%
Sep
4%
Jan
Dec
7%
Jan
105% May
3*2 Nov
109% May 13
% Jan
3
110%
Nov
%
Jan
5
9
i'«
Dec
16%
Jan
Feb
105
24
98%
Jun
106%
Jan
Jan
20
%
Nov
9
16 'A
Apr
5
14
28% May
19% Jan
x
% July
25
Dec
29%
Dec
Jan
11%
Jan
Feb
7
8%
79% Jan
19
46%
Jan
80%
16
Dec
24
Aug
10
20
Jan
16% .Tan
110
Feb
5
4
<
Sep
16
13
Dec
22
Jun
102
Mar
112
Dec
Apr
6%
65% Jan
Dec
14% July
2% May
34% May
6
5
27
4
Dec
24
9% May 21
20
4%
4%
54
Sep
Dec
Dec
9%
Sep
60
Feb
74%
Mar
17
11
Dec
17%
Sep
Feb
4
35
Dec
46
Jan
Jan
30
2% Jan
29
2
Dec
13
80
Dec
91
Jan
11%
Apr
21%
Nov
15
44
3.
Jan
Jan
78% July
125
3% Jan
2
8
2
par
Jan
117%
5% Jan
Jan
Apr
35%
Feb
48 V2 Jan
% Mar
130%
Jan
Mar 31
May
Oct
Dec
% Jan
10
t
Sep
;
24% Dec
35% Mar 25
2
par
118
Jan
22
:
Dec
33%
Jan
30
-
Jan
112%
Jan
126
6%
15%
.97
5
Apr 28
12% Jan
Dec
20
83
2
37% Jan
Dec
16
5
102
May 15
par
Mar
6%
16;
131% Feb
12
4
5
1% Jan 15
May 21
40Va
July
,73%" Feb
2
Jan
Jan
144
2
Mar
40% Jan
,
Jan
Dec
2% Dec
Jan
-
Sep
7%
Dec
115
28
28% Jan
28
Jan
Jan
127
Mar 11
56
2
82
2
Feb
Dec
18% May 21
70% May 22
Oct
2%
2%
Jan
Sep
1 % Jan 20
54
Dec
74%
16% May 21
80% May 20
2% Jan
3
2
10
Dec
20%
Sep
59
Dec
90
Jan
25
1
Jun
Oct
3% July
Jan
7
67
Jan
6
Jun
68%
1
% Jan
2
1
Feb
2
%
Dec
1%
Jan
_*5
4% Jan
2
5% Jan
9
3%
Dec
6%
Jan
3
7% Jan
12
6%
Dec
13%
Jan
8 % Jan
14
58
x
No par
6
Mar
Nov
6
Apr 25
22% May 4
No par
23 % Mar 31
2
15% Jan
21% Jan 2
17% Apr
25% Feb
27
18%
Dec
No par
22% Apr 28
28% Jan
27
19%
Jan
28
July
144%
Aug
No par
Sugar
25
No par
10
10
1
Mobile & Ohio RR
preferred.
-No par
No
Dec
36%
23
Mar
25%
Jan
12%
Dec
18%
Nov
Jan
14
135
1
42
Mar
3
12% Feb
.
11% Mar
4.
14% Jan
Dec
36%
9% May
14%
10%
6
3% Jan
'54
29% May
'
4
29
10%
Jun
11%
Dec
18%
Feb
1%
-
Sep
Sep
Apr
Sep
3% July
Jan
76
4
2% Apr 17
2
20% Jan
Jan
Jan
24
1%
Feb
4%
Aug
29% Jan
2
24
9
Feb
23%
Dec
■
par
28% July
Dec
Apr
•
Jan
'
33% Jan
Mar 31
48% Jan
100
28
3
52
9'/a May 20
1% May 22
—No par
preferred——.
12% Jan
13/
Feb
143
Apr 24
10% Apr 25
Dec
Jan
25
Apr 21
50% May 4
1
5
31
130
_100
Grumman Aircraft Corp
600
1%
56
20
27
10% Jan
60% Jan
Inc.
500
2%
3
>
Apr 23
% Mar 26
3
3Ve
20
9% Jan 14
90% Feb
4;
,
-
2
7% Jan
16
Jan
3% Jan 15
-
16
11
100
9%
2%
119
12% Jan
Jan
Jan
Bay & West RR_
10%
2%
4% Jan
-
39%
20
Prop
Co
53% May
5% Oct
Mar
No par
10
Western Sugar
(H L)
2
Apr 28
108 Va
100
Greyhound Corp (The)
5% % conv preferred
22%
24
Ore
12% July /
Jan
55
13
Preferred
Green
2%
2%
Iron
Dec
47%
104
Apr 30
preferred—'
22Va
9%
*22%
•
*23%
10%
.
,
2%
24%
23%
11%
-
*55
-
24%
8%
22
104
13% Mar 30
No par
div ctfs
w
20
Dec
2
Graham-Paige Motors
Granby Consol M S & P
16%
>27%.
*9%
•
2%
.
>
.51
10%
9%
.
2%
'
56
*10%
.
23%
*23%
Hosiery—
preferred
22%
*48 4-
:2J%
-41%
."
6%
Gotham
22%
:51
51
27%-'
700
"*16%
22%
*27%
2%
23%
132%
*48
6%
7
23%
23%
52
6%
7
;
23%
131%
27%
2%
*59
67/e
23 Va
23%
*48
2%
60
7
23%
*
131%
*27%
fe
*6%
*59
|16%
*16%
132
*2%
60
6%
7
*6%
23%
*130%
2%
"
6%
•
2%
*59
10% Feb
Jun
74
—No
8
52% Jan
8% May 18
58
May 21
No par
preferred
5% Mar
Apr
101
No par
preferred
$5
Dec
6
5
100
Goodyear Tire & Rubb_-__—No
2%
1
16
1
F)
Sep
5;
7% Apr
Jan
1
Goebel Brewing Co
Sep
3% Jan
17
14% Apr
x
Jun
Nov
46% Feb
Apr
50
Gold & Stock Telegraph Co
15
2%
2%
Apr
23
1
par
No
Dec
4
10 % Apr
par
preferred
1%
15
101
No par
(The)
conv
Aug
5% Jan
Feb
A Jan
par
No
2
4% Apr 22
par
No
Gimbel Brothers
69
13
>>.
105
par
—_5
No
Dec
<
Apr 10
16% Apr 20
1% May 13
No par
Co
93%
22
17
122:
20
Corp
28
July
23
2
No par
Rubber
23% July
Dec
Jan
100
&
Dec
20
30
No par
preferred
4%%
%
2
76
6%
41
18
Jan
647/a Apr 29
100
Corp
32% May
3
2% Feb
23% Apr 24
111% Apr 29
% May 13
61
Mar 25 <■
par
Jan
3
21
__1
Gillette
52
*74%
Telephone
Time Instru
2,500
68%
*77
Gen
60
9%
16%
:/;/
General
108%
40%
1*6
1,010
Dec
46
1
v
General Refractories
Jan
9
/
Jan
2%
16
General Shoe Corp.....______
1
Gen Steel Cast $6 preferred—No par
132
Feb
May
12
Apr
600
9%
13%
76
No
preferred
Realty & Utilities
$6 pref opt div series
108%
*38%
40
Railway Signal
Feb
2%
36
94% Jan
Mar 11
^1
6%
97/a
9
45%
11
111
Gen
105
Mar 19
Apr
10c
Gen
Sep
Jan
7
10% Mar 11
No
.20%
19
x
par
;
32%
Dec
Apr
_10
Public Service
Jan
May
9%
Jan
Dec
38% Jan
-May 20
16% Apr 25
120
Apr 29
21 % Apr 28
Precision
Gen
21
41
2'A Apr 16
par
Equip Corp
General Printing Ink
$6 preferred
13%
1%
122
No
Dec
•
•
7%
,!
—No
9
24
5.
10y4 Feb
7
35
26
134% Feb
Dec
Jun
;
30
12% Jan
.72
par
500
:
9
60%
*108%
A
3%
21
3
lob
—No
Adv
Gen
29
9
Outdoor
Apr
13
32% Jan
>6% Apr: 15
No par
Common.
Jan
25%
11% Jan
27/8 May 21
preferred series A_No par
Corp:——I
33%
Dec
5% Jan
3
3% Jan
100
;
Dec
17'A
3
106
-No par
No par
preferred—
16%
5
Jan
5
Co——No par
preferred
Gen
70
A
16%
10
300
A
16
29
*8%
4%
108
11
*104
Ji.
*26%
800
A
11
*16
11%
4%
*105%
11
104
10%
$5
100
108
conv
General Motors
1,100
19
11
111
$6
6
Jan
No par
General Mills—.1;
Nov
Jan
36% Mar 19
14
36
par
No
103
21% Feb
10
98
-No par;
Foods Corp
preferred
Dec
11
51
5
Jan
16% July
6
-5
Gas & Electric A
5%
*1%
,/-
9.
$4.50
98
Jan
42%
3% Apr 25
5
50
:
27
15
105
18
4
6% Apr
8 % Apr
No par
preferred—
General
Gen
31% May
8% Dec
2% Mar 17
,
No par
General Electric
'
*17%
*4%
1
10
preferred^.—100 :■
General Cigar Inc^—
No par
10
67
*126%
Industries Inc
cam
1%
Dec
6
Mar
8% Apr
17
May
par
Amer
7>%
100
%
2%
*105%
2%
*74
>
111%
-*67%
66%
11
*J2
2%
*74
80
%
51%
*38%
■
21,000
18%
9%
3%
*13%
*74
'
24%
tt
129
16
59
28
No
Class-A
•
111%
29%
*8%
3%
*4%
52
*27
3%
*45
29%
100
■
124
24%
113
;
12%
104
9%
18
-
.
90
3
1% Apr
1
Generai Bronze Corp
General Cable Corp^
;
300
'•
*1%
4%
A
111
125%
*17
109
400%
29%
9%
66%
12
16%
*108%
9%
*67%
12%
"A
hi
*10%
111
*3%
4%
*17
*120
24%
,7%
,
.'74
%
18
*10%
62
28%
*111%
2
11%
*8%
15
11%
28%
113
2'
405%
14%
15
11%
9%
*16%
16%
62%
124
24%
125
.125
104
*27
8%
*120
24%
■.
*67
•
18
34%
%
hi
*17
124
*7..
7%.
72
34%
4%
*100%
*7
*67
*126%
11
Ji
*27
400
66-
■" 34
-
109
11
800
2%
67-
66
2%
°A
3%
*2%
129':
67
-
IS
*4%
*2%
2%
*126%
-v
•
40
7
19
1% Jan
par
20
Transportation
General Baking
$8 preferred:—
——No
1,600
3
%
-
4
109%
2%
U
12%
104
*\<s
8%
124%
*105%
12
•
129 1
34%
■
*12
.
A
*11
103
A
108
A
12
*110%
34
-
*3%
*108
No
$6 preferred—
37%
2%
17%
•
->111%
•
80
*126%
3%
108%
72'
:
27%
■
66%
*126%
-
;
%
66
■
113
3%
37%
Feb
39% Feb
2
Apr 29
15% Apr 24
85'/a Apr 10
100
(The)
Gen
101 %
2%
23%;
27%
•*67%
66
-
37%
108%
7%
72
*120
*
*97
92
30
27
1
Gen Amer Investors
3%
17%
23%"
U
27
-
3%
*7:
-'V
101%
37%
109
2%
7%
74 i
-18%
27%
%
*66%
*7
74"
18%
*97
27
May 21
40
10
Co
500
4
6
100
Co__
(The) cl A
Inc (Robert)
preferred—
Wood
Jan
9% Apr 28
116
Jan 24
No par
pfd
preferred
Co
Nov
18%
Mar 21
-
Sep
13
Dec
May 22
27% Mar
No par
400
10
9
10
preferred
Gaylord Container Corp
5%% conv preferred
51
4
*3
*
*17%
76
*9
*50
4
*37/a
1
45%
Dec
12%
20
Feb
Feb
12
7v
Apr 21
3
34%
Feb
Mar
Co
6%
3
Feb
15
30
16
11
18
10
Dec
41% Jan
par
100
8%
Jan
16%
May 14
-
10
500
10
51
3%
3%
Gair
87 % Apr
29% Apr
9% Jan
19
Jan
No par
Gabriel Co
400
*9
100
*108
2%
*111%
116
%
7 % i'
.
27%'
3%
'
200
1%
*50
3838
108%
*2%
*16%
*120
24%
*111%
2%
.*7
*3
*74
.76
18%
*16%
3%
2%<
7%
.
♦72%
*3
1%
9
4
*97
'
*1%
51
*
*3%
101%
1%
29
11
86
Corp_„_^
Trailer
conv
9%
2%
29% Apr
Jan
•
11% Apr
96% Jan
No
-Freeport Sulphur
21
. 8'A Apr
23
-13% Jan
3
100
$7 conv preferred
1%
10
Sep
Mar 12
77/a Apr
par
Francisco Sugar Co_
F'k'n Simon & Co Inc 7%
80
9%
*9
Jan
par
Corp—
Machinery
l7/a
*2%
Sep
97%
No
Foster-Wheeler
40
9%
*6%
27%
—No
preferred
600
'
*1%
*18
Dec
Dec
Fair Stores Inc
*9%
18
4%
14%
86
No par
Steel
conv
bFcod
1,700
*40%
A
Co
400
"
10
119
6
41
17%
86
28%
10
119
31%
Apr
7
6.
10
preferred
Follansbee
50
2%
18 Vs Jan
87
$2.50
Stores
(The)
Florence Stove
1,100
9
10
series
4
11% Apr 28
1
Florsheim Shoe class A—
33
29
118
400
21
3
32%
preferred
National
$4.50
17%
*18
3%
6r/o
First
4% Feb
Jan
Jan
77
Sons Co..——No par
Flintkote Co
96
17%
,
21
17%
86
1%
*88
17%
30%
♦17
87
96
6
(Wm)
Jan
par
Corp
Firestone Tire & Rubber,-
400
11%
41
Enamel
Fllenes
90
*9
41
Ferro
preferred-
Fidel Phen Fire Ins N Y
4,100
32%
6%
41
2
>
100
Dept Stores
conv
•
-
28 %
*6 *
45
3% Jan
No par
11%
9%
14%
No
4%%
*88
118
26% July
Dec
Federated
*31%
9%
Dec
8%
900
32%
120%
:
19%
10
13%
80
10
9%
-
418
6%
*41
*17%
1%
10%
16
10% Feb
Federal Motor Truck-.
28%
*9%
*28-
121%
6%
44
30
17%
28%
6%
*41
29%
10
415
121%
*6%
44
*9
28%
90
24% Jan
300
11%
-
100
31
18
15
3%
32%
*18
May
93
Apr
8
Corp
Jan
Mar
Apr
20
*8%
15%
17%
13
5
35
14%
*88
24% Mar
Dec
2
11%
17%
'
45%
Jun
6%
Federal Min & Smelt Co
*30%
95'
17
Dec
16%
Federal-Mogul
90
11%
32
5
100
*87%
32
11%
16
29
8% Jan
900
13
9%
15
-No par
37% Jan
29% Jan
6% Apr 23
x73% May 14
8%
*77
35
*6
*
-
'
95
*9
*1%
*5%
14%
90
<•>
i
?
11%'
31%
11%
*32
*86%
14%90
17
,
*16%
/
14%
14%
•89
'
*6%
8%
34%
*85
'
29%
8%
347/8
11 %
17%
*41
8%
34%
*7%
14%
*87% 90
95
*9%
13%
8%
$6 preferred
27% Apr 28
20
May 20
3% '
*
80
34%
31%
*85
*115
13
*77
74%
22
-
-
*16%
*28%
13
80
-
*8%
;
*14%
11%
3%
13
*77
*34%
'
35
■
32
11%
■
9%
35
89
*31%
3%
600
400
8%
8%
'
•
.Fairbanks Morse It Co-._-i.--No par
Fajardo Sug Co of Pr Rico——20
Federal Light & Traction
15
500
-
1
7
13
30
';
55
Dec
H
*19%
20%
32
*31
.*0
••
•'
{*19%
c
-v
9 %
9%
•98
.
4
For
*31:
44*8%
footnotes
*98
see
■
32
■
:.9%
99*
20%
*31' 32
9%
J
9%
9%
:
99
page
20v- 20
*8%
.
*98
*19%
-
9%
99
31
.4?
9%.
-
V
:
*9'"
9*/a
♦98
20
31;
-V 9%
9%
99
19%
20
*30
r,:
31
9%
•9
•98
9%
,
9%
99
r
r > v,
-
9%
.
•
9
98
-
;
9%
-
•
■
300
'
f;:f.
n.
10
600
200
10
,
Hackensack
7%
Water—
preferred
class A_.
Hall
Printing Co
Hamilton Watch Co.
6%
preferred
25
19% May 21
25
29
10
;
-No par
•
100
33
Jan
23%
33
5;
Dec
33
Jan
Feb
38
Mar
8%
Hi
Dec
16%
Jan
10% Jan
Mar 11
6
10% Feb
8% May 11
95
Feb
25
April
8% Mar 16
6!
ft 8%
Dec
15
Jan
7
102
Dec
108
; July
106% Feb
1983.
1
''HZ'/'//
'Zf
|
.:'/'/////'/V'/';//"'
1
.;■
>■
;A-''
;
/.
.
'...:
:
.
.
..
...
/Z'/'rZ-Zr/V/Z'S-/'/';/.
THE COMMERCIAL & FINANCIAL CHRONICLE
1978
NEW YORK STOCK
RECORD
STOCKS
LOW AND HIGH SALE PRICES
Monday
$ per
$ per
share
*3%
*3%
4
*79%
81
*49'%
*10%
57%
*128%
135
33
33
*32
36
*32
84
*82%
84
83
*12%
13%
*12%
13%
*12 3/4
131/4
*107/8
13%
*11
13%
*11
13%
19 %
19%
19%
20
19%
*50
54
*148
*52
154
11
■
...
*10%
11
11
11 '
"1174
57
58
(G
!
200
132
*131
*32
36
*33
84
*83%
85
200
.
1,400
132
36
1
58
132
11
r
38 Vz
100
83'A
84
400
•
>
$4
conv
1374
12%
12%
13%
*1178
13'A
100
277a
20%
900
Holland
6'A
500
Hollander & Sons
500
63/a
6%
7
13%
*113%
—
28%
29
x291/8
29 %
29'A
30
34
*33
34
33
33'/a
14
*6
6'A
*6
*13%
13%
13%
300
137A
,
:
;
.7,400
*33%
34
*33'/a
8%
*30%
2%
29%
29%
*29%
*%
*%
30
%
993/4
30'A
%
3%
*2%
3%
*3 J/8
19'A
*18%
19%
18%
*3%
*3%
3%
*3%
3%
*7a
1
*%
U
4if
•3%
%
13%
*13
14
400
37%
36%
36'/2
*35%
37
50
3%
*3
3 J/2
3%
2%
3
500
*3
3%
*11 Va
11
11 J/a
*6%
*22 J/2
22%
78
*75
78
*75
78
*75
''
*150
*75
78
55%
55'A
55%
9%
*9%
9%
8%
9 J/4
8%
6
*5%
6
5%
5%
*5%
21%
.20'A
*20%:
21%
5%
121
121%
43
43 Va
43%
.
4
2%
*2
10%
51%
3%
*39%
40 J/2
40 V%
40'A
26 V8
10%
51%
52
52
9%
52
52
;
2
2%
*2
11
45
45
*43%
45
*43 '/a
45
40
*37%
40
*37%
40
*37%
*26
26%
26
27%
*27%
29
*90
97
'•>
2%
: 2%
2%
*2%
2%
2%.
3
7%
*7%
7%
7%
7%
♦88%
89 J/4
*88%
89 J/4
2%
2"%
*2%
*7%
89
89
*8
*25
-*8
8%
26%
*90
<
■
*129
10%
9%
51%
2%
45 J/2
*26
26%
26
26
94%
3
3
3
3
3
7%
8
8%
8%
8%
1,200
89'A
*88%
89 J%
89 %
89 J/4
8%
*8%
8%
*8%
*25%
26%
*25%
26%
5%
55/a
19
1972
*19'A
*8672
*86 Va
92
50'A
51
51%
51 VA
51
*12472
1251/2
125
*62
64 V2
18
17%
55
55
*5474
63
63
*87'A
51%
51
62%
62 3/4
125'A
17%
.
-
17.1/2
,52'A
53
•'
*8'A
9
*8
*73/4
8%
8
8
8
119
119
87a
40
18'A
543A
•
*61 Va
62'/a
*61'/a
623/a
1
87a
•
8
8
8 J/4
8%
*8
8
18
157
5
Dec
Feb
9J/2 July
203/4 May
85'A Dec
297a July
111Vi
Jan
161
Jan
Jan
12
154
Sep
Apr 24
74% Feb
4
63
Dec
90'A
Jan
Jan
;
13%
7'/a
par
19% Feb
18
23'/a Jan
27
19
Dec
7
111% Feb
107
July
5'A Apr 29
5% May 20
10% Jan
Jan
6
Dec
1174
109% Mar 16
151% Jan
140
May
167%
103
par
Apr
8
Feb
24
Apr
Jan
8
Dec
42'A Dec
160% Feb 18
2
% Jan
19
'A
12% Jan
9
6'/a
July
170
Jan
Apr
5% May 20
3% Apr 15
5
Jan
Jan
57
Dec
150
Sep
Sep
113'A
Feb
6
May
% Jan
par
3 Va
27
Jun
2 'A
Jan
13% Nov
9
Apr
•
■'
38
41% May
10
Apr
1% Apr 25
24% Apr
126% Jan
3
3
100
4
Jan
31
28% Feb
29
4
23
Dec
4
125
May
130
1% Mar 25
Mar
15% Jan
1%
5
107a
Feb
60% Jan
5
51%
2% Jan
v
4
Dec
26
July
313/a
Sep
131
1%
Jan
20
.
Sep
Jun
Dec
73%
Apr
32% May
38'A Feb
2%
48'A
Oct
49
Oct
26
31 »A
Jan
49
Oct
104
Oct
Sep
46% Jan
30
14
48 'A Feb
13
26
May
6
32
Feb
5
26
May 20
39
Jan
26
May
25% Feb
96
Apr
13
96
Apr
13
95
May 19
l'A
Dec
3%
May
9
1%
Dec
3%
2
5'A
Feb
14
Sep
98
Sep
7%
—
preferred..
100
—
Dept Stores..
No
par'
l>/2 Jan
2
3
par
2
2
3
par
7% Mar 28
88'A Apr
par
>
1
Co
Preferred*.—....
100
V
Feb
2
7
Feb
267a
6-
- Jan
20
8
Mar
2
Sep
9'A Aug
Dec
333/4 Aug
Mar
1347a Aug
14
Jan
Dec
-317a
Dec
51
107%
Dec
111'A
Dec
4
2
49% Dec
717a
Sep
4
?
5'A
5
107% Jan
62% Mar
124
Sep
122
Nov
44
Jan
128
Feb
9
125% Apr
17 % May 20
54% May
1
24% Jan
3
163A Dec
64
6-
59
Oct
61
May 20
79% Jan
3
64'A
Dec
86% July
8
5%
Jan
Feb
33% Jan
18% May 15
May 4
50% May 15
122
87
32% Jan
85
>
12
132
2
•
Jan
9
18
5% Jan
.1
100
par
Apr
Jan
95
29
127
—No par
4.% %
7% Apr
9'A Jan
17
29
24% Apr
.1
—
$6 preferred—
Laughlin. Steel.—_No par
pref series A...
100
5% prefseries B conv:
i—100/
Joy> Mfg- Co
i
1
100
Jan
100
—
Jones &
900
9
Jan
No par
preferred—
Johns. Mahville—No
800
8%
-8%
25
100
13%
7
Feb
16
~
2,100
*541/8
8%
4
9% Feb
/
Aug
Dec
...100
Jewel Tea Co Inc..—
-
3,400
543/4
*8%
43/4 Aug
21'A Jan
Mar
Jarvis, (W B)
100
'
8%
Dec
16% Feb
9% May 20
51
Apr 14
Salt—.i—.No
Island Creek Coal—
2,300
128
18
r
2
Feb
15
Intertype Corp...No
900
■
'
53 J
*125
125'A
18
6
Co
preferred—
Preferred-
-
2174
95
Paper
preferred--—
conv
Interstate
200
8J/2
*54I/2
55
62
61
:
3% Jan 28
39
/
*89
-
45% May
6
100
Telep & Teleg—_No
Foreign share ctfs.
.No
26 %
21
.95
24
Dec
8% May 20
—1
Intern'l
•
6
6
.201/2 .22
125
-18
18'A
*541/2
56
.
56
18'A
1874
18'A
*54'A
12572
*25 J/2
*128
6
20'A
88
10'A Aug
Dec
41'/8 Feb
20
88
4% Dec
11 'A
par
7,900
92
Jan
International Shoe——No par
International Silver.—.
.1—50
57,200
■'
5%
5%
.
*
3
*128
%
31
1
Feb
54
.5
'Inter Rys of Cent Am—.
400
2%
*8%
6
A
94'A
3
.19
*124%
28
*90
2%
19
125'A
*27
94%
3
*128
Chem
—
International
600
*88%
■
27
27
24
Sep
Jan
Mar 25
42
6
May
25
Marine.,—..No
Preferred
International
*7%
'
Jan
18% Jan 27
May 13
155
.No par
.
250
26 :>
26
26
*90
1% Apr 13
8
Jan
4 7/a
'A Nov
2
8'/a
—100
t
40 Ve
26J/4
200
100
•
45%
*377a
-
1,200
2 J/8
45%
*87
*124'A
:
52 /
*1%
40%
19
,51y4
13,700
45%
93
5114
10%
52
2'/a
3%
217a
Dec
2s/8
5
4% preferred
1
Inlernat'i Mining Corp
600
11,900
9%
.52
*1%
Dec
15% May
4
14
Int Nickel of Canada—;
500
.
2%
26%
130 5
*37%
*18'/a
V
2%
10%
Mercantile
Internet
3
26J/2
*5%
6
129 J/2
l'A
6
147
&
Jan
12
74
100
....
Int
Min
July
Jan
40
2,000
•
5
21
Feb
4% Apr
Apr
par
j.
Dec
2
2
.No
—
Jan
2%
Jan
2
par
Hydro-Elec Sys class A
27'a".
•
*128
*5%
5%
57a
*
3
8
*25 J/2
26'A
*25
*128
*128
:
8
8%
-
*129
.No
Harvester.
Preferred
64
111
Jan
2
Machines——.No
Int
40'/a
26
40
*90
97
:
2%
2 J/4
26 J/2
V:
300
133/4 Jan
Dec
Aug
'
26
•27%
29
'
'
40J/2
2
Internat'l
Dec
36
100
Jan
21
100
:
3,100
3%
26
.No
400
5%
3%
40
26%
97
*27%
*90'
26
26
5%
3%
26 J%
45'A
*43%
*37%
26
5%
52
*1%:
2
6
*3%
:
>
%
Vz
129%
*129
130
159
14,200
7%
Oct
Jan
%
5% Jan
Inberlake Hon..———/No par
44%
*150
159
*40
2
26%
26 Va
*129
11
2%
2
2 J/8
*2
2
26%
44
39
115
6% Feb
Intercont'l Rubber..,
Business
523/a Jan
Dec
12% Jan
2,000
Int
Apr
Dec
24
21
4,300
400
107 'A
30 Va
x
5
5J/2 Apr
5%
123
16% Aug
Dec
Ye Jan
—20
5%
5%
*121
44%
*%
6
3%
11
51%
*2
*152
%
5%
5%
120
43%
154
*7a
3%
129
:
11%
43"%
*5%
5%
5%
120
6%
129
130
•
154
%
5%
5%
3%
40%
26
r
5%
Corp..
preferred—...i.
e.%
Dec
Feb
1
Interchemical
.
Feb 20
44
Jan 20
105
Jan 26
3»A Jan 14
24
•Insuranshares Ctfs Inc-
10
53/4
9
i3«
10% Apr
6'% Jan
100
106
*105
106
108
21%
July
115
2
Inspiration Cons-Copper..:
100
Jan
9 J/2
16
16%
2
2'/2 Jan
2,400
•
6
*20%
21 J/4
*20%
110
6%
2
C"
25%
*128
■'
*40'A
40%
40%
20 J/4
*5%
6
Sep
187a Aug
30'A
Dec
% Feb
3'% Jan
Industrial
1,400
9
9
8%
*5%
120
43
153
%
8%
6
55
55
Dec
Dec
12'A
2
2
Indian
80 J
12%
13%
37%
Indianapolis P & L Co„
No par
Refining.
10
Raybn_.„__—_—No par
Ingersoll-Rand
-No
par
6% preferred
100
Inland Steel Co———No par
100
500
*150
55%
55
8%
6%
6%
6%
153
55 J/8
3%
3%
6%
*3%
5%
120
43%
43 J/4
%
%
5%
5%
122
*120
152%
152%
152%
*1507/a
:
5%
5%
:
*105
5%
5%
5%
5%
6
123
55
110
*105
110
*105
5%
7 J/a
23%
*76
80
*150
:
55%
*20%
*75
*150
■
23
22%
9
Apr
1000
series A
Jan
5
6% Feb
2
ctfs
Jan
115
26'/2
32 'A Jan
RR See
Oct
56 3A
Jun
3
100
—
Jan
80'A July
132 »/a
34% Feb
13
4 %
163/a
Dec
2
100
lines
99%
18% Jan 30
16% Apr 17
100
preferred series A——
Leased
900
7%
23%
7 J/a
6%
Jan
July
% Jan
1
.Illinois Central ,RR Co..—:
"
*150
110
*67/a
11%
11
11 J/4
11
7 J/a
22%
55%
21%
5%
*3
11%
*6%
22%
7Va'
7 Va
22%
*22%
*150
5%
13%
11%
*6%
23
43
2,700
5%
*13%
*22%
*121%
5%
*5%
5%
11
6
tHupp Motor Car Corp
96
168
May 21
38'A Feb
100
•
6,100
13 J/2
5%
preferred
Sep
Dec
10% Apr
34
Jan 29
10% Jan 29
100
%
%
%
Manhattan—.
Jan
* Sep
83/b
13% Jan
6
29% May
Hud Bay Min & Sm Ltd—.i.No par
Hudson Motor Car———No par
37 J/2
7%
5%
%
5%
1,300
81
—5
2,700
•
*36
11%
*105
100
4
13%
*6%
*20%
%
19
3%
37%
*11%
9%
35/s
18%
4
3%
13%
*3
*5%
3%
Hudson
*36%
3%
55%
*2%
19
19
19
200
-
53A
■
5%
78
Howe Sound Co__
25
3%
96
123% May
33% Dec
a:
Feb
Dec
65'A
2
May 21
22 Va Mar 21
100
t C.
v
Jan
27
Jan
3
8% Jan
2
30 Va Apr 29
96
May 1
2% Apr 24
par
50 '/a
Jan
13'/2 Jan
lll»/2Feb27
par
—^.No par
—1.
400
12%
*36%
37%
*3
'
*%
No
—,
Houston Oil of Texas
5%
13% ■
37%
1
31 'A
B—
preferred—
700
,
12%
5%
*5%
*13%
*3%:
3%
*3
*293/4
31
5%
150
21
2
Jan
Feb 11
Feb 28
40% Jan
5
102'/2Jan 12
Mar 21
6
Dec
12% Feb 24
13 Vb May 21
12.50
Household Finance—
100
2%
%
*18%
3%
18%
2%
2%
Class
.•
900
{
_5
Houdaille-Hershey cl A———No
1,800
-
•
98'A
3%
*293/4
*%
8%
*95
%
2%
4
3Va
18%
■
35
*95
(A)__;
14'/4 Jan
Jun
5
72
132
12 % Mar 11
11
10
101
Dec
76
57
79
10
i.
1 '/a
Jan
63/a
Dec
6
19
158
9
_1
(Del)
Homestake Mining—
300
35
35
*33
98
2%
%
8%
8%
83A
31
30%
30
*%
*
32 j/4
33
*2%
2%
2%
31
*95
31%
33
8%
8%
307a
303/4
97%
*95
2%
2%
2%
8%
30 3A
30%
96
96
96
8%
8%
8%
30%
"8%
30%
*95
~
33
34
7%
;
— —
30'A
*32'A
Feb
92
Jan
25%
1493/4 Feb
Dec
6% Feb 19
30'A Mar 5
Mar 13
<
No par
preferred.———,.—100
•
*113'A
*1131/4
*113'A
-
No par
Hlnde & Dauch Paper Co„
Hires Co (C E) The.-—
Furnace
1% Jan
2
1063/4
Dec
Jan
31/2
-
May 12
7% Apr 21
93 % Jan
125
Holly Sugar Corp
7
21
20%
20 'A
•
2
88
45
May 4
141J/2Apr
9
10'A Apr 28
51
Apr 27
.preferred——No par
*123.4
*193/4
113'A
25
100
Hershey Chocolate
4'/a Feb
■
29
4'% May
Hercules Motors—.
^No par
Hercules Powder——„—No par
6 % .cum preferred—
100
40
7
Highest
$ per share
Dec
123/4
140
10
' May 14
1
1
100
17
Jan
Jan
79'A Apr 24
25
$ per share
16% Jan 19
5% May 21
2
Co„
104
2 /146
Jan
Year 1941
Lowest
$ per share
20
Apr
80
1
Range for Previous
Lots
Highest
3J/2 Mar
<
100
—
*11 Va
20
*13%
58%
100-Share
12'% Apr 29
126
a:
1
W)_
Preferred
11
14
28
28
98 V Apr
100
Corp.
13'A
*6%
*113
Glass
Products
Helme
149
57
*123/4
13%
Hazel-Atlas
Hecker
of
$ Per share
Co $5 pfd—.No par
Refrac..
No par
Hayes Mfg Corp——
100
53'A
149
Par
:
Hayes Industries Inc
5,700
"
«•
(M A)
Basis
Lowest
preferred.—
Hat Corp of Amer class A—6%% preferred--w*.
•3,900
135
*13%
13%
13%
5
54
*672
7
*6%
80
5
84
83
■*
80
5
17a
On
6%
200
1
81
434
1
.
47a
*32
36
*83
1
*79'/2
1 Va
81
Range,Since January 1
STOCK
•
56 3A
131%
131%
135
5%
i
Harbison-Walk
.
90
*4%
5%
2,100
YORK
EXCHANGE /
Hanna
4-
*85
90
5%
NEW
i
70
~
13
*131
57 Va
57
57%
57
*130
11%
*10%
11%
*10%
11%
57 V4
*147
'
*85
6%
•
•
129
,
*3%
4
160
*49'/a
55
*3%
4
*121
for
■Shares
99%
12%>
13
43A
160
*147
160
*147
*99%
•
129
1 '/a
4%
*49 Va
55
*49 Va
55
160
*147
13
Sales
the Week
$ per share
99%
*121
90
*79'A
81
4%
4%
99%
13
*5%
1%
1%
*79%
81
4%
4'/a
4%
1%
*1%
1 Va
1 V8
*78'A
*85
6%
'
99%
*3%
90
*5%
6%
*120
4
*85
90
*5%
6 'A
*5 'A
*3%
share
•
May 22
$ per share
130
12%
13
130
4
•
*85
90
*85
13
per
99%
100
'
*120
12%
130
*120
130
*99
99 Va
12%
13
13
$
Friday
ThursdayMay 21
;May 20
f per share
share
99%.
99 'A
*98
*120
May 19
'
May 16
Wednesday
Tuesday
May 18
Saturday
Monday, May 25, 1942
Apr 28
11
20
8'A
Dec
14
Jan
Jan
27% July
67
Aug
Sep
K
8
*73A
*119
*119
*6
*16 Va
*8
*8
6'/a
85
83/g
100
100
*15%
6'A
86 »/2
*90
*11'A
113/8
*11'A
117a
*11 %
11%
5%
5%
*53/4
57a
53A
53A
*1015/a
104
*100
275/a
27%
273A
*102
103
277a
17
;
*119
,
100
*90
6%
6%
*84
88
*90
% 100
wt.
■
1,000
83/a
117a
117a
117a
53/4
6'A
6%
63A
267a
27'A
26%
V
27
27'/a
27'A
13
•
*12%
13
*1278
13
♦127a
13
,
*1274
13
*1274
27 Va
*251/4
27Va
*243/4
27 '/a
*2434
27'A
*243/4
27'A
*243/4
27'A
2
*17a
17%
173/4
2
*1%
173/a
V
*17a
36'A
*341/8
361A
*34'/a
177a
3
*34
17%
3'4
*21/4
*20
20>A
203/4
203A
•24%
247a
245/a
247a
24%
*2'/a
*27*
*20
2
*l7/a
357a
*35
18%
.»
18%
2
357a
18'A
2 9.
*1%
*35
18'/a
■
*17a
■
34
357a
18%
19'A
*2"
3
2 •-?
34
:
18%'
10
4,400
'
3
3
*2
3
*2
22
20
20
20
20'/a
2074
203/a
24%
24%
24 3A
2474
25'A
243A
25'A
9
—
j
113A
1174
11%
1174
*103A
12
*10'A
12
11'A
11
11
*331/8
355/a
33
33 J/a
*30J/a
33'A
*30
327a
31
31
29
29
12%
*12
12%
12
*12
12'A
12%
12 »/a
12%
123/„
*8'A
9
*874
*17
18
*18»A
110
*107
2%
■-
*107
2%
*8%
18
18 %
19
*18'A
*18%
110
2%
1
1%
*1
9
18
19
*107
2%
•
1
2%
1
9
*874 v-r-''-V
18%
19
110
185/a
7
:
*18%
:.v
*107'A
2'A
2%
1
1
*12 »/a
12%
12'/a
127a
11'/a
12
19'A
19'A
*195/a
'1974
197a
19%
*113A
12%
*12
12%
*18
19
*183/a
19
233/4
4
4
For
24 Va
233A
;L'v'
footnotes
4
see
4Va
*8'A
187a
19
19%
18%
110
2%
1
*107 'A
2'A
1
1983.
•
40
*81/4
9 >
19'A
1974
9
187a
19%
100
109
*107'A
—
2%
*21/4
1
10%
11 'A
11
19%
19%
1974
1974
2%
5%
11'/a
-19 J/4'
19%
Gas Lt
Co
St
—No
par
•
/
4->
1,600
3,900
4*/c
«onv
preferred
fLehigh Valley RR_„.
Lehigh Valley Coal....—.No
V
-
6%
conv
preferred.....
100
.50
par
50
Dec
Dec
Mar
6%
95 *
V
7
12'/a
123A
12%
*12 J/4
13'A
*121/4
18'A
*18
19
*18
19
24'A
25
2174
2574
7
4 Vn
-
■
4
-v
4'/a
25V4
4
26J/4
25
4'/a
4
"
257«
i
22% Aug
143/4 Aug
Jan
9
121%
Aug
Apr
Feb
26 J/2 May 21
-37J/2 Jan' 3
18
Jan
8'A
Jan
Mar
106
11 Va
Dec
393/4 July
143/a July
25
Dec
38
30 3A
Dec
11% Apr
9
13% Feb 20i
25
6
29
Jan
'3
5
2% Feb
40% Feb
5
l5/a
Dec
37a July
5
23 »A
Feb
40% July
Dec
26'A
May
1% Jan
33
17
3
Jan
9
Mar 31
/
30
"
Apr
19% May
227a Jan
11% Feb
5'A
Feb
18
1774
Jan
45% July
10'/a
Dec
14%
Sep
13
Aug
93A Jgn
23 Va Jan
14
Jan
17
19
193/4 May 22
113
4
2% May 16
Jan
7
Jan
14'A Apr
Feb
7
283/a Aug
297a
Jan
14%
-
-
Sep
27'A'July
263A
Oct
116%
Jan
19%
16
107 Va
Apr
Dec
26
1%
Jan
«/2
Feb
2'/a
Feb
xl9
17 'A
Jan
Dec
9
8
Sep
Mar
Feb
24
l3/a Jan 20
' 2
1
5
30'A Feb
15
8 J/2 Jan
Sep;
x22 '/a
173A Mar 21
2
106'A Mar 30
53/4
2%
2
29% Jan
''
18% Apr
21
23
Jan
27
6
8% Mar 17
15J/2 Apr
9
3'A Jan
Jan
Dec
5'A Aug
2'/a July
143A- Sep
24'A
Sept
4'/a
1
17% Apr
17
213/a Jan
9
300
13
18 '/a
Aug
Dec
-
:
6
Dec
98%
May
Jan
121% Mar
.*■
104'A
105'A Jan 20
>.
29
24
:__25
9%
6
100
7% Apr
Cement
137a
100
Dec
21'A Apr
11% Jan
Lee Rubber & Tire..__5
Dec
Dec
____100
No par
2
47a
7'A Apr
12s/a
Dec
Jun
■
9%
Louis—100
(The)
Portland
127/a Mar 16
-
29
preferred....
Lehigh
8% May 12
: i May 19
100
4%
XII6V2
7
22'/a Apr
No par
/^^^VV'Lane'Bryaht-—:-NoApafl
3,800
117a
& Co.:.—„:
Kroger Grocery & Bak
Laclede
—
1
1
'•
11 VA
109
(S H)
Lambert Co
1,000
*18%
9
19
4
■'
191/4
*18%
243/a
page
12'A
*11
5
13
24
—1
27
11% Feb
100'A Jan
4% Jan
B
Jan
17
Apr
10% Apr
Kress
700
12
22
2
27
May 18
6
85
7
110
*12
.
4% Jan
28
Co.—
—
v
8'A May 113
120'A Mar
2
Apr
&
Keystone Steel & W Co——No par
""Kimberly-Clark-——
No
par
Kinney (G R) Co.—
1
fr* $5 prior preferred—No par
:Kresge (S S) Coj__
10
Kresge Dept Stores...
——1
800
1,600
16 J/2 Jan
•
Jan
(J)
Kendall Co $5 pt pfd A——No par
Kennecott Copper..:
No par
20,700
13-
*25'/a
-
7
Class
20
*1278
10
Mar 17
99
2,300
102
*98
Feb
,
2% Jan
——5
Kayser
400
.
117
■■■■'
Keith-Albee-Orpheum preferred-100
Kelsey Hayes Wh'l conv cl A
1
10
11%
102
>9
200
100
preferred—„—.100
Kaufmann Dept Stores.—i
1
5% conv- preferred——i—.100
30
5
—10
City. P & L pf ser B——No par
City Southern..No par
Kansas
A4%
6%
5%
*100
Kan
600
17 >
11%
102
^Kalamazoo Stove & Furn
10
,
3'A
5%
102
28
500
j
88 "■
*73/4
83/a
*774
8
*153/4
17
*6'/a
*84
■
*3'A
3%
3'A
*15'A
'
6'/a
85
r
♦11'A
".
103
27
3%
'
8
100
*119
:
*3'A
17
*6'/a
*85
83/a
*8
*97'A
*119
3%
*15'A
6'A
86'A
8%
100
*95
*3%
17
*6
85
6'A
87
*85
>
—
3'A
3'A
17%
*16
—
.
3%
3%
874
Lehh & Fink Prod Corp—l—5
11% Apr
24
13
Mar
6
11%
Dec
14'A Nov
100
Lerner Stores Corp.—_i—No
18
14
1878
Dec
277a
Sep
26'A May 21
19%
Dec
453/a
Jan
37a
Dec
7%
Jan
1,600
-
Lehman!Corp
(The)..
par
5,600 f'^Libbey Owerts-Ford Gl—1-No par
6,300
Libby McNeill & Libby—
7
Apr 29
20 % Jan
4
20 V2 Jan
Mar
5
12
:
5V4 Jan
20
Volume 155
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4075
LOW AND HIGH SALE PRICES
,
Saturday
May 1(»
$ per
*2l%
*21%
22
57%
58%
58% ' 58%
173
*164
170%
$ per share
22
'
22
57%
57%
571/2
58%
May 20
I per sh&re
22%
57'/2
"104
Thursday
May 21
May 19
$ per share
share
STOCKS
Wednesday
Tuesday
Monday
May 18
57%
58
58
*22%
$ per share
23%
58
68
*57%
*164
*164 #■:> 170%
&r>
24
:
58
58
*165
Sales for
May 22
the Week
NEW YORK
;
Shares
,
58
•
500
*58
169%
59
'
800
Series B
100
lily Tulip
900
Lima Locomotive
*165
"
.
24
>>
On
200
169%
<
*17%
19%
<
23%
23%
5
Liggett & Myers Tobacco.J
17%
*22'/2
17%
25
*22%
'
267/8
17%
26%
25i-
10%
,
23
*26
28
*10
10%
11%
15%
15
40%
39%
39%
37%
36%
36%
3%
*15%
15%
15%
40%
37
•
*3
16%
12%
12%
*136
*13%
16%
12%
12%.
142%
*3
3
*139
142%
*15%
-12%
140
Preferred
13%
13%
13%
63
63
13%
62%
62%
*62%
3 1
*2%
*138
-
i
Link
100
;
Lion Oil
12
<
700
15
I
-14%'
40%
40%
36%
36%
36%
3
*15%
4,200
t
12%
141
:
*
Co_——
Jan
3
32%
Nov
39
Jan
12
64%
Dec
96%
Jan
74% Jan
5
64%
Nov
98
Jan
16
175
Jan
6
174
14
19
Feb
5
•
Jan
32%
•'
Loose-Wiles
•-
Lorillard
Biscuit—
—25
Co..—_—_1
(P)
2% Mar
15
—10
preferred..
100
-LouisVilie Gas & El A——No par
13%
13%
13%
13%
13%
700
61%
62%
62%
62%
62%
600
Louisville &
17
100
MacAndrews
Nashville
30
Jan
37%
Jan
27
24
18% Feb
149
1%
6
18% Jan
Mar 30
31%
Sep
39%
Oct
45% July
3% Dfec
Dec
13%
29
Jan
19
12%
Dec
142%
30* /
Jan
13% July
16% Jan
Apr
19% Apr
28
May
35
Apr
27
4% Jan
W
Dec
13 V
6
41% Jan
May
9%
42% Jan 28
11% Apr
9
61% May 20
100
Jun
3
24% Jan
2
Mar 13
128
Jan
21
x29
21
189
X20% Dec
4
Jan
15% Jan
11% Apr 29
7%
Feb
34
Jun
Dec
17%
10% Mar 25
Apr 29
No par
Highest
$ per share
73% Jan
37
61%
64
33
ll3/a May 1
14% May 20
No par
Year 1941
$ per share
18
35
100
150
No pat
Range for Previous
Lowest
29
22% May 20
25% May 21 "
9 °/8 Jan
2
par
'—No par
Cement
*13%
13%
No
—.
Refining Co
2,400
12% «.
139
!
139
Wks—.,,-No pat
Corp—
Long Bell Lumber A—
200
16% 1
*15%
12%
'138
3
164% Apr
163/4 Apr
.'..No pat
1
Lots
$ per share
Mar 13
Lone Star
i
300
100-Share
Highest
Lockheed Aircraft Corp——— 1
Loew's Inc
—
—_
No pat
r
40% *
*2%
16%
12%
140
5,800
•
Belt
•
50% Apr
50% Apr
100
Cup Corp...
Liquid Carbonic Corp-
36% <
1
12%
12%
12%
15%
500
26
-12
40
16%
*15%
16%
-
f
10% j
25%
*10
10%
12
11%
-14%
*2%
140
25%
*10
l47/a
40%
37%
39%
*36
3%
23
25%
•
10%'
ii%
14%
15%
39%
*36%
3
161/4
15%
40
*36
26
11%
11%
23
22%
*25%
*io
11%
*11%
*17% / 19%
19%
22%
10%
10%
11%
23
*17%
19%
26%
26%
*10
*11%
*17%
20
25'
;_25
i.—.
—
'
*171/2
of
$ per share
Par
Life Savers Corp-
.
Basis
Lowest
'
*56%
>
Range Since January
STOCK
EXCHANGE
*23%
'•>
59
--
-
$ per share
;
24
58
:
58%
170%
'
:
•
'
fYiday
•
1979
Dec
Sep
162
19%
Jan
Jan
18% Jan
8
15
Dec
22
Sep
76% Jan
26
60
Feb
74%
Nov
23% Jan
131
Jan
12
19
Dec
,31%
Jan
Apr 27
27
x32
Dec
138
Jan
Apr-17
35% Jan
2
23%
M
*i6%
17
*16%
*16%
17
*124
126
*124
126
31
31
31
31
*17%
124
30%
*16%
17
17
16
*124
124
30%
16
*16%
*120
29%
30
*124
29%
29%
18%
17%
17%
*17%
18%
*17%
*11%
11%
*11%
11%
*10%
11%
*10%
li%
11%
11%
*21%
23
*21%
23
21%
21%
21%
21%
21%
21%
2%
2%
2%
2%
2%
2%
5%
*4%
5%
12%
12%
12%
*2%
*2%
*4%
*11%
.
2%
5%
*4%
5%
,12%
ii%
11%
,*l2
2%
*4%
*12
5%
17%
*4%
♦12
12%
18%
29% 1
18%
18%
*11
800
700
2%
1,000
2%
*4%
9
*%
1
*Ie
1
*%
1
*%
1
*%
2%
2%
2%
2%
2%
*2%
3
2%
27/a
8%
8%
8%
9%
8%
9%
8%
9
1
9
*8%
*18%
*3%
*22%
23%
*20
22%
18%
*150
169
1%
*20
22%
*20
22%
*20
21
20
20%
20
1
169
9%
1%
9%
10
15%
10%
10%
*5%
5%
*7
102%
5%
93
5%
93
7%
*71
10%
*101
93
*71
1%
*76
*9%
*1%
9%
*95
15%
28%
10%
>101
5%
6%
75
*71
15%
29
11
5%
5%
100
6%
*62%
66%
*62%
66%
*62%
66%
23
*21%
23
*22
23
*22
5%
5%
24 %
24%
24%
*24
24%
*25
5%
24%
*23%
26
24%
25
25
4%
24
24%
*25
5%
24
30
McKesson & Robbins Inc—
102%
200
*5%
5%
800
!-
6%
*93
6%
*71
100
6%
*64
20
6%
75
*71
$6
66%
*64
66%
22%
22%
*21%
23
4%
4%
4%
*23
24
23
24%
*22%
24%
*22%
24%
26
*25 %
26
*25%
26
24%:
*22Va
300'
26
26'/a
'
5%
5%
5%
5%
5'/a
5%
*5%
13%
13%
13%
13%
13%
13%
13%
13%
17%'
18
16%
16%
16%
*16%
17%
♦16%
17%
*17%
18
94%
95
*93%
94%
94%
94%
94%
96
39
*108%
39%
>105
106%
109
>108%
*2
2%
*55
9%
*56
9%
*%
*66%
*105%
109
*105%
109
60
2
1%
2
2
2
1,100
62
*55
62
*9%
%
*55
9%
*%
104%
27%
%
2%
2%
2%
*13%
13%
13%
66%
66%
67%
67%
112
*110
112
*113%
115
*113%
105
*105
67
115
105%
27%
27%
VA
27%
27%
27%
*37 %
39
*37%
105
39%
*37%
17%
*7%
17%
7%
7%
*7%
10%
10%
10%
10%
10%
22%
22%
22%
17%
8
1
17%
17%
-
68
112
*111'
115
105%
*114
105%
28%
28%
39
17%
2%
*17%
T7.%
*22
7%
7%
10%
<10%
22%
22
21%
*2%
"
2%
52%
52%
*2%
2%
*2%
51%
51%
*50%
♦12
*12%
13
*48%
49%
2%
*2%
2%
2%
51%
51%
*50%
51%
*13
13
49 Va
49%
*49%
50
106%
*106%
106%
*106%
32
*30
5 %
*5
5%
5%
13
32
*30
5
*30
*12
13
*48%
5
t
4%
32
*12%
,
*30
32
300:
Mullins Mfg Co class B—
i3
*12'-'
49%
»
120
r:
5
32
$7
i
49%
1
5
*30
Oct
Dec
29 %
Sep
Feb
Dec
24
4%
30% Apr
37
Dec
13
23% Jan
14
17
Dec
Feb
5
Jan
9%
Mar
Jan
17% July
38 % Jan
1%
par
■
91
112
Oct
4%
Jan
Dec
9%
%
79% July
Feb
15%
Oct
12%
Oct
1
July
Dec
1
14% May 18
66
May 15
1 Id % May 1
115
May 1
102% Apr 28
Jan
45% Jan
Dec
52
2% Apr ' 7
12% Feb 27
par
4
125
Dec
26
3%
Aug
17%
Aug
Dec
Jan
7
77
Feb
117% Feb
10
112
Mar
118%
Mar 16
115
Mar
123
108%
Jun
113%
Oct
119
110% Jan
6
94
Sep
Sep
Aug
'
23% Apr 24
29% May 21
24%
Dec
39%
Jan
37
■
50
42% Mar 12
35%
Dec
43%
Jan
29% Mar 25
Jan
16% May
6% Jan
97/» Apr
'
15
1
" .2% May 21
5(J
Jan
2
'•
___—No par
•
Dec
30%
Aug
2
5%
Dec
12
Jan
12% Jan
30
9%
Dec
17%
Jan
25% Jan
20
18% May
24%
3% Jan
v
21 %:
8% Apr
2 '
23
21% May 13
—1
20
Feb
4
63
No par
11% Jan
—No par
-.100
106% Apr
30
10
4% Jan
2
5% Jan
Mar 27
& Bro_—
Dec
Nov
105%
13
% Jan
Murray Corp of America.
Myers (F E)
3% Jan
2
1
preferred—
86
34
42% Mar 26
2
No par
:_.-5
.-•
(G C)
Co
101
30
T7fl Jan
Co
preferred.
5%
1,400
Aug
6 Va
5
l%Jan
i
Essex—.
Brass
Murphy
I''
32
&
Munsingwear Inc..
1,100:
40
.
71
33%
14
16
No par
Mueller
51%
Dec
July
27% May
3 % Feb
14
Jan
No par
700
5
*30
Co Inc..
& Co
(J)
22 %
-51%
Jan
82
v
.
Jan
Mar
No
Morris
2 %!
Sep"
21% Feb
>
16
7% Jan
12
No
Motor Products Corp
Motor Wheel Corp..1_-
*106%
5
Bi.
200
50
*106%
'5
series
preferred series C—
Morrell
100
54
Nov
9% July
Mar
16
60
.10
390
2%
30 % Jan
>
17
67
Co
500
13
49%
•50
*106%
Chemical
7%'
■
Apr
1% May 21
Mills—_J__„j-_20
Carpet
Montg Ward &
14,900'
70 %
15
-100
10%'
2%
51%
29% Jan
No par
.—J.
*7%
213/4
Apr 15
17
preferred series A.
"*10%
'
2
28
$4
<
3
Jan
Apr
Preferred
17
Feb
32
8% Apr
70
,
72
i
Mar 24
26% Mar 24
>
--.10
:
-
70
21%
22
Corp_A_—
Mo-Kan-Texas RR
Monsanto
x
1
——No par
Mission
7%
i
105 %:
17%
77
16% May 18
-100
Impl
'
•!'
109%
Dec
110
May 13
Power
115
7%
10%
Apr
5
109
preferred series C
Moline
*105
17%
*7%
*10'/a
-
101 %
4
12% Mar 12
$4.50 preferred—No par
'
8
5
107% May 19
2,400'
J
Jan
7% Feb
Sep
8%
Apr 27
900
28%'
Dec
Mar 11
5
Ndv
15 %
Dec
107
68
38
9% Dec
5%
2
Mohawk
38
26%
103 H
19
900
28%
Sep
88% Apr
90
39
37%
35% Jan
pfd sferies B
*114
29%
Dec
6
14
24% Apr 28
l_No par
li2%-
■
19
103% Jan
13%-
*67%
*37%
10%
-
July
100
4 % %
700
-2 %
>
Jan
9 Va
No par
—100
Conv
Minn
%■
Xl3%
112
*110
105%
2%
14
1st
25%
Dec
57/a Mar 23
5
10
Prod-
109%
Dec
preferred
•
'
'
5
:
$6.50 preferred
10%
*%
Steel
cum
4 '.'o
62
*9%
%
2%
14%
115
27%
10
*%
2%
110
*105
39
9%
*13%
67
8%
Co
Petroleum.
Feb
13%
21
par
Jan
Aug
103%
Minn-Honeywell Regu__
;
*38%
No
16
6
23
—50
Copper-
'Midland
190
1
106
*57%
9%
900
97
40
*104
Machine
Miami
600
106
2
P2
v
preferred
14% May
Dec
13
2
4% Jan
1
107
Dec
28
108
69% Jan 22
66
Mar 12
21% May 5
1
Dec
8
30
6
No par
90
Apr
7% Jan
8
No par
Jan
28
108% Jan
May 20
5% May 18
Apr
Sep
2%
Dec
12% Mar 23
101
Jail
56%
15%
32% Jan
2
6
Gorp.
1st
conv
Mesta
9% Jan
Aug
Feb
8
Jan
Sep
176
17 Va Jan
May 11
94
(The).—
Mid-Continent
•
28
Jan
108%
Apr 17
6% Jan
3
100
Merch & Min Trahs Co-
700
2,100
110
*105%
2
*94.
40
38%
5%1
*104
114
104%
*22
107%
*%
38%
106
110
114
*38
*38%
>104
2%
66%
112
*9%
38%
106
14%
14
67%
*110
*112%
%
*2%
14
2
*55
9%
*%
2%
14
Xl07%
-
62
*9%
%
*2%
2
2
62
38%
*104
5%
300
5%
13%
95
Mengel Co
-
Mar 31
14
1
$5.50 pfd ser B w w
Melville Shoe
170
100'-
100
Co
preferred series A
100 '
23%
12%
6
No par
700
47/a1
6
18
preferred
conv
6
14
—5
Mead Corp
1,000
75
13%
39%
6%
Stores
28
10% Jan
May 12
;—__No par
5%%' preferred——
McLellan
90% Jan
Mar
100
Mclntyre Porcupine Mines
*100%
5%
100
May 15
9
10
6
Sep
,7
31 %
Dec
83
Mar
28
Dec
1
18
1
1,000
40%
May 21
1
31
*30
2
15
1
McGraw-Hill Pub Co
5,100
5%
Corp_j—
cortv preferred——J
6 %
11%
*93
Stores
7
1% Feb
Dec
24% May
171
Jun
13
46% Jan
Apr 29
l%Jan
5
Jan
May
par
McGraw Elec Co__—-_
McCall
176
11
7
par
preferred——No
cum
100
11%
'24%
No
7
11%
5
preferred..-.—
1,400
16%
*6%
*5%
107
31
$3
98%
16
5%
*38%
Apr 20
McCrory Stores Corp
13%
*105
162
,
200
5%
94%
100
preferred
2,700
13%
*16%
6
9%
102%
66%
*23
29% Jan
10%
*95
22%
*4%
May 12
No
10%
7
'
*5
1,100
10%
75
*62%
*21%
20
Wks
*9%
16%
6%
*71
par
May Department Stores
—10
Maytag Co
___.No par
2,600
*100%
100
6%
75
21%
$6 1st
98%
5%
*93
6
Co-.,...
Alkali
9%
30
101
24% Jan
7%
16
10%
101
Jan
6
Corp—a—
Elec
10%
*6%
29
10%
102%
*9%
6%
29
28%
Mar
169
*95
15%
6%
19
20
par
84
10
15%
7
Jan
27% Feb 16
1
No
600
10
102%
Sep
Sep
12%
400
9%
10
101
Jan
17%
32%
Mathieson
*76
Jan
11%
Dec
Dec
Master
84
5%
Dec
9% May 19
Augr
Dec
Masonite
*76
Dec
3%
2
Dec
7%
3%
20%
1%
Jan
27/a
Jan
4%
16% Sep
1% May
x20%
22%
16%
%
5
1% Jan
3%
2
Feb
6
20 %
36%
31
Mar 27
1%
6
*20%
*1%
Dec
Apr
July
6 Va Jan
20%
36%
5 Va
12%
%
par
*16
15
Aug
31
26'/a Jan
No
1%
30
6% Jan
Sep
14%
Dec
3% May 15
223/4 May i
Co
Martin-Parry Corp
16
4% Jan
16% Jan 26
2
18
29%
Feb
%
17%May20
(Glenn L)
600
400
36%
19
12% Jan
3%
1%
11
17
23%
*150
17%
28
5
May
11% May
.
par
—1
3%
15
84
No
23%
169
5
22
4
2% May 22
-
par
22%
36
1%
15%
*9%
10
*95
3%
*150
36
*15
84
3%
169
*34
15%
*93
7
*6%
75
35
*1%
*6%
28%
10%
101%
*91%
7
28%
*160
10
15%
*6%
28%
*101
10
102%
15%
7
169
*76
84
*95
35
21
*15%
16
9%
10%
102%
>155
33%
%
*76
10
*27%
Martin
20%
*95
*6%
2,000
22%
3%
Jan
13% Jan
1
Marshall Field & Co
23
*15%
84
*15%
1,200
X23
33%
16
*9%
9%
24
3%
2i%
27% Jan
May
8% Apr
8%
17%
*23
4
17% Apr 30
10% Apr 29
2% Apr43/4 Jan
9%
23%
*17%
35% Dec
20
—25
Oil Exploration.
1
Apr
Dec
Midland Corp—
—5
Market St Ry 6% pr preferred--100
17%
8%
"
28$
Marine
9%
*3%
*23
17%
Maracaibo
18%
3%
*150
17%
9
23%
20%
35
*76
9
17%
*20
20
16
8%
8%
18
18%
3%
20
*1%
8%
No
2,500
2,060
23 %
4
*33%
9
18
Bros——
Manhattan Shirt——.
200
1
2%
8%
8%
Mandel
12%
15% Apr
124
—
5%
*12
10
—
800
"
12
Forbes—
&
6% preferred—
-100
Mack Tracks Ific
a
No par
Madison Sq Garden——No ;par
Macy (R H) Co' Inc—
No par
Magma Copper———
—10
Manati Sugar Co
1
2,700
21%
21%
3
*2%
.
18
10
29%
49
No par
31
May
13% Mar
7
-
Dec
'
Feb
46
2
69% Jan
6
1%
74
July
15%
9% May
61%
6
111% Mar 17
Dec
4% July
Nov
74%
Apr
Sep
109
Nov
20
4
Dec
8 %
Jan
39% Feb
7
34
Dec
51%
Jan
2% Apr
5% Apr
29
2
Dec
19%
Dec
2
2
24% Feb
112
Feb
N
3
*2%
*2%
5%
5%
5%
19%
15%
19%
23/4
*18%
15%
*3
*6%
15%
15%
*3
3%
.
5%
20
3 %
.
*2%
5%
*18
14%
*3
3%
*2%
5%
3
5
20
5%
*18
15
*2%
.20
5%
1
14%
13%
3%
3%
6%
*6%
6%
*6%
63/a
6%
6%
6%
6%
63/a
13%
13%
13%
13%
13%
13%
13%
*6%
6%
*6%
6%
6%
'
*146
149
146
*13
*13
15
149
149
.
*13
15
149
*149%
15
*13
*4%
4%
*4%
4%
4%
4%
14%
14%
14%
14%
14%
14%
*7%
7%
*7%
*7%
*7%
7%
.7%
13%
13 %
13%
13
133/a
13%
*4%
5%
*4%
*8%
15
,
4%
•
5
834
83/4
*20
20%
193/4
193/4
*15%
16%
*15%
16%
*153/4
16%
*153/4
3%
3%
3%
3%
3%
3%
*3%
8%
.
*63 7%
13%
15
*13
4%
4%
15 v
7%
l3/e
13%
13%
=
65
13%4
,
*146
■
i
-
134
133/4
13%
14
65
5%
5J/4
*8%
20
•16%"
13%
'147
150
*147
'132%
134
♦132%
65%
•
*14%
15
13%
134
*147
'
*31
;
•*14%
31%
143/4
31%...
31%
31%
31%
13/4
13/4
1%
13/4
15
143/a
143/a
30
1%
*43
7
*4
4% '
443/4
•'443/4
45
45
4
10^/a
■,,:.%
10%
4
*10%
10%
*46
10%
10%
10
46%
46%
47
46%
48
*45
52
51
52
51
*4-
52
-
.
*45
V
......
13/4
45%
-45%
•
:•
.133/4
•
-
4
;
-
45
68
47
"•'
•
;52
9%
51
51
-
*
300
i
6,200
2%
6
2%
.*2%
7%
;
>7/'
6 '
6.
For
.
footnotes
see
23/4
6
page
2%
23/4
;7%
•
67/
1983.
.
2%
500
5,100
800:
-
6
V
3
6
53/a Jan
5% July
23%
Sep
Jan
13%
Dec
23%
Jan
2%
Dec
7%
Jan
5%
Dec
6%
Dec
11
13%
Dec
18%
Jan
160% May
175%
Jan
17%
Jan
8% Jan
16
1
Jan
19
166% Jan
5
May
Dec
.
Jan
6% Apr
5
140
3
37/a Feb
6% May 16
May
xl%
1
14%
18
Apr 24
13
—100
4,300
300"
1,900
133/41
3,700;
•
10
31
400'
14
Nat
1
7
No par
No par
Nat Distillers Prod
Nat Enam &
$4.50
No par
-
Stamping-—
No par
Gypsum Co_„
conv
National
preferred
9Jan
Sep
*7%
6 -7
6
6%
6%
*25/a
.23/4
'7 73/4,
6%
700
900'
3,600
17
Apr
25%
,,
Dec
20%
Sep
3%
Dec
8%
Jan
5
58%
Dec
93%
Jan
72
Mar
16%
"35
conv
preferred—/
National Tea Co-—LNatomas Co——„——
Nehi Corp
—_—
12%
Dec
,
19%
Sep
Sep
160%
Dec
176
Jan
138
Nov
154
Jan
Dec
24
July
Feb
36
Dec
14%
26
Jan
20
3% .Tan
5
53% Feb
5
42
i
2%
Dec
Dec
7% Mar
68 %
Jan
May 14
6% Jan
28
4
9% May 21
16% Feb
25
8%
TOO
5%% prior preferred--
prior
17% Mar 17
■
,
40
45% May 22
63
Feb
6
41
51
70
Feb
5
43
Feb
75%
Sep
Jan
5
2
Dec
5
Feb
9% Feb
6
8%
Dec
11%
Oct
Jan
2
6%
Dec
9%
Apr
I—10
preferred—
'
6 7o
Sep
11
14% May 13
29% Apr 28
$2
Sep
Sep
1
;
44% May 14
8
3
7
—25
16%
27
29
Corp——
National Supply (The) Pa
Jun
4% Jan
12
1,000'
7%
10%
Jan
453/4
180
Feb
Jan
2,500
1,100
51
Dec
7%
Jan
"4%'
46%
3%
146
10%' '10%
*49
12%
168
National Steel
4%
7
Mar 17
1,600
Jan
16% Apr
'
1% Apr 16
li
14
129
4
,
22% Jan
25
No par
Dec
24
5% Jan
Apr
14% July
9% Jan
14% Jan
2
,11% Apr
7%
x
9%
Dec
17
0%. preferred B
100
Nat Mall & St'l'Cast Co-..—No
par
;
Dec
9% Jan
6
—i0
—
Dec
3%
10
30
May
Co
12%
6
26
145
Lead
preferred A
National Power & Lt—
•
Jari
60
.
Apr
_'_100
7%
National.Oil Products Co.*
45
15
28
—No par
1,000
•>
■
3% Apr
___1
Feb
5% Jan
2
Jan
2
May 13
123/4 Apr 30
4% Jan
9
8% May 1
i7% Apr 24
14% Mar 17
10
4,700
7%
-
11
preferred—
National
33/4 Jan
.10
No par
Dairy Products—.--
6%
15
12% Apr 23
No par
:
"
23/4
23/4
Corp
-,-l%'
45
1
1%
2%
/
Share
National Dept Stores—-
100
*
&
National Cylinder Gas Co-
100
134%.
7%
;
*7
Jan
13% May 20
10
.
National Can Corp
Nat Cash Register—-
•
*7
preferred
conv
7%' preferred.—
110'
150
31
7-
6,500
66%'
*14% 71577
-
47
5%(
9
*132
1%
4%
93/4
*45%
-
•
•713%
•45
-
3%>'
"
•10%-
6%
Nat Bdnd
4%'
:> 20 •77.20 % *
7„*15%
16%'
'.•3% 73%"
14%
31
^
4
1
____1
Aviation Corp—
5
National Biscuit Co——
—10
15
;
150 '
134%
303/4
1%
46%
45%
'
•
*8%
65%
14%
30
'
1%
Co.——
17
National
8,600
14% >14%.
*7% 7-?%7
.7;
150'
134%
'
*143/a
3%
k
150
134%
16%
3%
133/4.
149
20%
16%
'
4
'65
643/4
13%
/
900
13%. 13 3/4-
9%
♦132
.
400
"
*146'
■'*;
'150
*132
*63%
65
*63%
7
7%
9%
*
100
Nat Automotive Fibres Inc
-6%;
4% y
-13%
5%
":20%
Acme
1% Jan
33/8 Jan
5
Louis
100
'-14%
152
/
63/8
14
*149
14%
.
'
*8%
20
:
National
No par
Corp
Chatt & St.
-
*13
4%
15
'
*4%
9%
20
19%
150
"
*8%
•
Nash
■
150
-
3,300
Liquidating Co—
Nash-Kelvinator
30!
*
-
*43/8
14%
13%
4%
/.
150
6%
7,100
20.~
13% ' 13%;
3%
6%
6%
14%
6%
Nabco
.*33/8
6%
13%
5%
*18
3%
6%
;
5
.
14
13%
v
.v
20 '
*3%
23/4'
*2%'
5%
*18
13%
3%
2%
—100
4
May 19
.
¥
Dec
Feb
Feb
7% July
16%
68
Nov
Sep
*
No par
No
par77
^Nd pat
2% Mar 30
6% Apt 28
5% Mar
7
3%
7
.
Monday, May 25, 1942
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1980
Saturday
May 16
May 18
$ per
*70 %
74
24
25
*24
7%
20%
*24
25
*24
*12%
13%
*4%
18%
99 Va
*90
99%
*95
24
24 Va
23%
7
7 Va
7%
7
12%
39%
40
14%
13%
13%
13%
4 Va
4%
13 V*
*11%
74 Va
75 Vi
*4
4%
13%
*12
80
75%
80
95
80
•
1
*25
33
*25
33
33
*30
33
•JI
hi
*%
*1V«
1%
*1%
A
A
•A
*22%
22%
*16%
18
; •
23
*110
120
*110
8
8
%
*A
V*
*A
20%
22 Va
19%
149
45'%
44%
44%
*42%
44
43
*89 %
91
5%
5%
*102%
103%
*102%
103%
*7%
U 8%
*8
1%
*1%
*8%
9
*8%
9
Northwestern
Telegraph
Nor walk Tire & Rubber—
100
Aug
19%
Dec
25% Jan
2
9
32% Feb
5
Jan
27
,17% Feb
6
6
Apr
10
15
Feb
51
23
45
Jan
7
Dec
1SV4 Jan
10%
Dec
25
Feb
18% Aug
47 % Aug
4% May
15% Feb
5
Feb
6
Feb
18
May 22
109
32
May 15
a#a Jan ^3
54
% Jan
Sep
U8
Oct
106% Dec
112
Jan
Jun
115
Feb
60
Aug
110
Jan
26
42%
Dec
% Jan
27
&
Jan
27
fe Jan
14
Jan
8
Apr
8
2% Jan
2
24 Vi
Dec
8%
May 20
A Oct
1% Feb
lA Jan
35
Sep
„•
,'«
Oct
19% May 21
30% Jan
2.
23%
Dec
15% Apr 29
Mar 26
23% Jan
7
19
Dec
192
Jan
14
179%
Dec
215
10
115
Jan
16
109
Feb
119%
Oct
17%
Jan
% Mar 11
143
108, J Mar
6%
1
32% Jan
Jan
10% Jan
5
9%
Dec
25
52% Jan
26
50%
Apr
Jan
27
50 %
Dec
57 Va
10%
Dec
17% Jan
Apr
39
Apr 29
53 •.
x
'14
Jan
6
85% Apr
14
.96
Jan
31
4% Jan
2
7
Jan
27"
108%
Jan
19
11 Va Jan
28
9% May 21
Apr
2
8
Apr 14
31% Apr 27
100
Mar
38
•
58% Jan
V.
Sep
8% Aug
July
3% Dec
Dec
7%
Jan
1
Jan
20
2% Apr
6
Feb
18
25% Apr
14
10% Jan
6
14
Oct
,
40% Nov
.
Dec
%
8% Apr 28
.113% Nov
Jun
34
2
Jan
98
93
107
20
.2.50
r-;.
v
Mar 31
39
__50
—
July
Dec
12
80
% Jan
27% Jan
116
26
23
61
Jan
106 Va Mar
Jan
6
15
110
Nov
15% Jan
2
4% May 21
—100
No par
No par
50
No par
Norwich Pharmacal Co—
Preferred
8%
*8%
pfd—
Northwest Air Lines
26
*23
8%
11%
109% Jan
50
50
300
1%
*1%
1%
26
*23
26
Apr
12% Apr
Northern Pacific Ry___
30
5%
May 19
North American Aviation— ——
Northern Central Ry Co_:
—50
900
9'/a
34
12
Apr
10% Jan
4,600
104%
9%
Jan
11% Jan
110
preferred series
preferred series
Nor States Pow $5
31%
May 21
7
6,700
5%
Apr
Dec
105
23% May 21
par
5%%
91
*31
6%
•
}_ 200
10'/a
*104
9%
34
1%
1%
1%
,
5%
104%
9
*31
♦23
26
*8%
8%
8%
8%
*8%
9
34
1%
*1%
*23
26
*23
9
*31
9
1%
1%
-
26
34%
*103
104
*103
103%
*32
;y 33%
33%
31
•103
8%
5%
300
r.
*89 Va
5%
North America Co
6,600
;
44
10
10
91
5Va
5%
5%
5%
5%'
5%
9%
preferred—
Adjust 4%
44%
*42%
Norfolk & Western Ry__
,
8
44
44%
44
*89 Va
91
7%
8%
44%
120
Noblitt-Sparks Indus Inc
500
,
22%
100
100
100
100
1
5
100
100
10
Co__
preferred
100
157
16
50
Shipbldg Corp part stk
Y
30% Feb
50
tN Y Ontario & Western
N
4,000
,
,17%
*110
*42%
10 V4
10
*89%
91
*89 Va
91
7%
10 Va
10
10%
10%
10%
10%
23
♦43%
*44
*42%
120
8
43
*44
44
*89%
8
44%
8%
45%
J:
120
*110
*17%
Conv
100
%
20 %
*151%
►110
120
8%
8
7%
44
A
150%
150%
152
*148%
17
17
17%
*17
17%
148%
*110
120
*
20%
148%
1,000
30
39,
preferred
non-cum
JN Y N H & Hartford
1,400
19%
%
22%
*17
17%
v148 %
148
*A
22%
%
10%
Jan
18
—No par
N Y Lack & West Ry
hi
1%
*1
1%
1%
1%
♦l'/a
1%
1%
1 %
23 >f
33
hi
%
hi
176
%
A
*16%
148
♦44
*25
33
>28
*30
90
10
109
100
^No
preferred
10
Mar
100
No par
Dock
Jan
14
12% May 21
NY & Harlem RR Co
290
*82%
88
95
*80
*82%
*80
80
95
*79%
5%
Dec
2
Jan
100
Omnibus Corp
July
79%
45 Va
Mar
35
17
7 % Apr 28
No par
17
Dec
69 % July
31%
75
22% Apr
No par
preferred series A
10%
27
20
Apr 27
.
104
1
Central-
York
New
100
63
61
80
6%
NYC
100
13%
*11%
69
69
4%
*4
13%
300
>
York
New
1,200
*13%
preferred series A
Highest
$ per share
$ per share
share
14% Feb
5
Jan
N Y Chic & St. Louis Co
1,800
15
4%
*11%
12%
39%
12%
41
13%
80
*80
12%
12%
40
Jan
28
1
100
No par
100
10
.
York Air Brake
New
17,600
7%
11.
71
(J J)
N'port News Ship & Dr Dock——_1
$5 conv preferred
No par
400
24
39%
12%
41%
*4
13%
*12
23%
13%
-'
13%
200
7
14 Va
5 --
*4
900
24
24%
•
18%
99%
18
*90
18 %
$ per
share
serial preferred
conv
Newport Industries
1,500
18%
18 Vi
VA
41
7%
$ per
Par
Newmont Mining Corp
300
24
7%
8
5%
60
105%
24
23%
8
8
7%
105%
106
*23%
24%
*23%
100
*12%
14%
13%
% 5
13%
7%
105%
108
*106
4% %
35
33%
33%
33 Va
*32%
8
7
41%
*41
74
*24 Va
12%
12%
13%
'41%
*70%
19%
100
24%
7
VA
-■
41%
13%
74
*18%
102
*100
13%
*70%
8
8
101
*12%
:
Newberry Co
*13
74
24%
I *23%
19%
19%
101
;>>7
'
Neisner Bros Inc
100
13%
*70%
108
*106
25 :
8
7%
*19%
%
100
*12%
*13
12%
%
*31%
108
*106
108
|
74
33%
*70
33*/a
*31%
33%
*30%
share
12%
13 %
73%
*106
$ per
share
per
*12 V*
Shares
Lowest
Highest
Lowest
EXCHANGE
$ per share
$ per share
Year 1941
On
STOCK
YORK
NEW
for
the Week
May 22
May 21
share
$ per
Sales
Friday
Thursday
May 20
May 1!)
13%
*70%
*
$
share
*12%
PRICES
Wednesday
Tuesday
Range for Previous
Range Since January 1
Basis of 100-Share Lots
STOCKS
HIGH SALE
AND
LOW
Monday
2% Jan
Dec
27% July
7%
Dec
13% Feb
21
O
6%
6%
6%
6%
22%
22 Va
22 V»
22%
22%
*69
*2%
2Va
13 Va
13'A
13 V4
135 V4
135'A
137%
135 VA
135 V*
*5Va
5%
5 Va
5 Va
53%
i*51%
*16%
>
53%
;;i9%
♦16%
19%
46
46
*7%
8
19 Va
*17
19%
*17
19 Va
47%
*42%
47%
Outlet Co
*42%
*42%
46%
*117;
45%
46%
7%
46%
8
46'A
>/4
*7%
5%
5%
19%
*18 'A
19%
*18%
*10%
11%
*11
16%
16%
'
•79
81%
.
c>,
■
5%
17 Va
17%
26%
26
26
26
26
25%
*26
25%
16%
*135%
141
141
*5%
,
1%
1%
1%
lVa
5%
5%
5 Va
5%
14%
7%
*7
1
*1
1%
1
106%
1
1
900
24%
*23
26
300
95
*80
95
24%
23%
23%
*80
95
*80
13%
13%
13%
13%
13%
106%
106%
106%
105%
105 Va
106%
1%
/
1%
*1%
<•
1%
1%
1%
*1%
1%
*1%
*21%
21%
21%
21%
21%
21%
21%
22
217/a
22%
14%
*13%
14%
*13%
14%
13%
13 %
14
14
*13%
*%
%
*%
%
*%
%
17%
18
17%
18
17%
45
*44%
45
*44%
45
62 Va
63 %
62%
2%
•l'/a-
2%
*1%
2%
*1%
1%
1%
1%
*1%
1%
*34
39
*34
63
12%
*11
*104
105%
20%
*18
19%
38%
*37
21%
*19
4%
105%
20%
20%
13,100
19
*17
18%
200
*37%
38
100
*17
19
*37
38
*37
38
*5
*39%
20
*19%
22
*19
*4%
4%
*5%
5%
*5%
5%
24%
23%
24%
23
*17
37%
37%
1%
*11
1V4
*\h
1%
19%
18%
19%
19%
20%
39%
40
*18%
21%
4%
5%
*33
34
61
61
33%
58
*57%
64
*58
64
♦58
64
62%
*62
100-
62%
62
98
62%
98
*5%
*5%
6%
*62
72
*66
34%
6'A
*5%
6%
*66
72
>
33%
*44%
*15%
16%
2
*44%
.49
49
'
*1%
2
♦44%
16%
"
*44%
•
16%
*15%
114
*97%
*3%
*5%
29%
-
Vj
114
*97%
3%
.
*27%
*97%
3%
*3%
*29
5%
5%
16%
114
3%
*3%
30
*29
5%
16
30
*5Ve
5%
.
*97%
3%
29
*5%
3*/4
64%
8%
174
*130
*60
65
.
*7%
8%
*60
8%
♦140
174
*4%
*4%
"4%
>>•
23%
*6%
4%
*45/a
*155
4%
4 Va
4%
54
*51
57
23
*22%
23
*22 Va
23%
*63
68%
*63
66%
23
*62%
*6%
68%
7
\
*153
*6%
*151%
1%
~1%
1%
1 %
*1%
11%
11%
11%
11%
11%
For footnotes
see
page
1983.
4%
7 vy
*4
*6%
7
1%
12
"
65
y-
8
>*50
72
'
'
16
„■
;
;
2
114
5 Va
*60
of America
5
•
•
x
*8
4%
4%
*4 Va
22
22
62%
63
6%
6%
__
Jan
Feb
19% Aug
95'
Dec
126
Jan
147%
Apr
163
Aug
8
1%
Dec
4%
5
4%
Dec
9% Aug
Jan
6
1%
Dec
3%
Jan
20
Jan
9
Jan
Feb
Jan
27
99
May
Feb
5
10
Feb
16%
Dec
Feb
115%
Dec
Plllsbury Flour Mills-—
100
28V4-
300
•5'/a
200
65
15% Jan
25
—100
/
,
—
;
3Va
6% preferred
100 V 26%
Pitts Coke & Iron Corp.-No par
?/-5%
.$5 conv preferred—-—-—No par ; ;.59%
Pittsburgh Coal of Pa—100
•
3
—
Apr 14
Apr 24
May 22
Apr 29
Jan
Jan
Apr
19% Dec
7%
Jan
10
27
%
Feb
2
19%
Dec
10
95%
5
Feb
14%
2
14
7
2
23
9
9
Oct
18
Jan
2
Dec
Dec
30%
Jan
14%
Dec
20%
Jan
1
Jan
%
Dec
6%
Apr
14%
Dec
43% Mar
54%
Sep
Dec
89%
Sep
73
21
Jan
Jan
24%
5
5
Jan
Jan
106
Apr
1
Jan
1% July
37Vi
21
19
1%
1
3% Aug
Dec
Dec
3%
Jan
52% July
•
34 Va
Apr
11%
Dec
17% Aug
108%
Dec
112% Mar
,
27
30
17%
Dec
25%
Apr
23 Va Jan
6
20
Dec
25
Aug
46% Jan
5
36%
Jan
54
1% Jan
5
Va
Dec
Jan
3
18%
Dec
30% July
7% Jan
24
4%
Dec
>11% May
21
•
Sep
2%
Aug
51% Feb
7
41
Dec
60% July
29% Jan
24
17
Dec
38
27% Jan 1 7
21
Jan
27%
Oct
Dec
7%
Apr
Dec
7%
Jan
6
6
Jan
>
5%
13
4%
5
Jan
32% Jan
14
23%
14,
35'/a
Dec
76% Jan
30
69
Dec
10% Jan" 7
Jan
105
107% Mar 23
July
12%
Jan
Dec
,
89%
Sep
Mar
72.
6
47% July
,,91
8% May
;
•
75
•
Jan
35%
Dec
40% Jan
May
110%
Dec
1/256 May 18
,
Jan
27.
Jan
17.
2 '
2% Feb
13
Feb
13
56
18Va Feb,
51% May
35%
1%
•
'
6
Jan
5
15
21
9% Jan
Feb
19
Feb
25
5% Jan
14
6% Jan
68 <
,
v
•
46% Dec
52
3% July
38%
Feb
,
Dec
,
,
/
Jan
109%
Oct
Dec
7%
Jan
.46%
Jan
8%
Jan
Dec,
Dec
27
4%
,84
\ Dec
64
July
23 %
Oct
2%
v
14
36% Feb
Aug
July
;
13
x
6
.
Dec
•
,
r.
Feb
109%
"4% Feb"
9
.11
4% May
9
78
41% Jan
Jan
'
4%
53
Jan
40
24 Va Jan
7%
400
8%
Pittsburgh Forgings Co—
-1
Pitts Ft Way & Chic Ry Co——100
7% Apr
Feb
Apr
Apr
May
-
165
7% preferred-..1
_100 >' 166
Pitts Screw & Bolt
—*,
No par
4
Pittsburgh Steel Co
No par \
4
1% preferred class B
100
, 47Va
5% preferred class A_.—*--100
•• 21%
5%% 1st ser conv pr pfd-J—100
61
Pittsburgh & West Va—
J—100
£ '6%
Pitts Youngs Asht Ry 7% pfd—100 >/ —
Plttston Co (The)
No par. ' y ,1 *
•
'
§
%
Jan
28%
Dec
-
108% Feb
5
22%
28%
49
No par
, 6% May 12
—100 >v=65y May 6
preferred
Phillips Petroleum-,; 30
Apr 27
Phoenix Hosiery-—'
___5
>,l%Feb 25
Preferred
-—-*£-100 '* . 43 • May 2
11 V«
Dec
11,
13% Feb
Mar 9
May 21
Apr 1
Apr 27
7% May 13
:
55% Apr 24
<98
May 20
• 1/256 May 18
;
;
15% Nov
Dec
26 Va
2
Phillips Jones Corp
Pitts C C & St L RR Co-
;
3%,
,
7% Nov
25% Nov
6%
44
21% May 2
4
Apr 28
No par
Sep
Apr
4% Apr
80% Jan
2% Feb
2
1
May 15
May 4
Jan 2
May 19
Apr 20
Jan 3
Mar 6
Apr 30
Apr 28
May 21
12%
Apr
Dec
17 V*
,
300;
%
,
100
100
100
.
•
4,200
34 V4
49
28%
100
;
'155
r.
*4Va
\*--*4
;
►140
*152
*151%
„
3%
5%
*60
33%
7
*44%
*3
•29»/4
♦140
*50%
*4
>:y
*140
4%
7%
*153
900
98
*97%
*5 Va
8
77/a
50%
67%
67
~~4%
*3
*155
174
*155
4%
64%::r
4%
55
*22%
8%
*60
*47%
4%
*47%
65
*7%
*140
*165
*150
1,400
*15%
114
*29 t/i
y.
-
*60
180
1,000
*1%
.
16%
16%
>;
29%
5 %
-
.
;-yv
49
*44%
*97%
114
.
2
>r~*l%
49
*15%
49
•66
30%
'337/a
33%
'
*1% 'ill 2
•6V4
72
*66
72
•,
32%
33%
*1%
2
*1%
f
62%
16,300
'
33%
33%
33%
"
98
•
6V4
6%
-
,72
*62
62%
100
*98
62
11
104
18%
18
36
%
15%
4%
36
18%
.
——1
Pfeiffer Brewing Co—
No par
Phelphs-Dodge Corp
25
Philadelphia Co 6% preferred——50
$6 preferred—
No par
Philco
Corp—
—
—3
Philip Morris Si Co Ltd—
—_ 10
Preferred 4%% series.—
100
Rights
-—.
——
8%
8
"
62 »A
99%
61
61
8
100
,50
5
100
100
300
200
32%,
32%
l'/a Jan
37% May
52%
Jan
Jan
2VeJan
29% Jan
17% Mar
A Apr
20% Jan
55 % Jan
1% Apr 14
Oct
Mar
Jan
17
1
Petroleum Corp
7,200
1/256
6%
•5%
62
100
•77/a-
7%
77/a
'
*98
62%
y62%
1/256
100
*98
8
5%.
23%
23
56% May
l'/a
19%
13%
.A
13%
44
No par
2.50
No par
10
No par
500
.4%
♦5%
*4%
,
Pet Milk Co
21 %
*19
23%
*31%
*7%
230
5%
33%
8
19%
X22%
*31
8
18%
5%
4%
23
33%
7%
19%
r
4%
*30
*7%
290
23 %
*5%
5%
39%
21%
*19
21%
4%
4%
24
18%
19%
19%
20
100
5
39%
39%
39%
44,900
20
5
39
23
8
2
29
20
20
2
15
Pennsylvania
VA
19%
preferred
,
RR
1
Peoples Drug Stores Inc
Peoples GL4CC (Chic)
tPeoria & Eastern Ry Co
Pepsi-Cola Co
Pere Marquette Ry Co—
5% prior preferred
5% preferred
?
2%
5%
2%
17%
«
8%
1%
26
100
„
15%
114'/e
6
22
23
11
2
28
6
24
120
May
1%
10
21 % Feb 3
13 Feb 3
15 Apr 20
20
Jan 15
31
Jan 17
18'/a Feb 25
101
Jan 2
148 • Jan 7
Jan 5
Apr 28
Apr 27
Jan
3
Apr 25
Apr 4
15
7%
Jan
56%
Dec
Mar
Jan
60% Aug
26%
-
38% May
3
Jan
8% Jan 27
6% Feb 3
May
Jan
Apr
May
Mar
Jan
Apr
5%
5%
*5
5%
*5
5%
33
;
20
20%
A
Penn G1 Sand Corp
100
12
12
20
20
Cement
45 Va
Mar 28
54
25
No par
No par
No par
(J C)
$7 conv pref ser
*104
18
5%
58
Penn-Dixie
12%
18
*24%
33
500
—
Co
—
Coal & Coke Corp
Penney
39
*35
39
105%
39%
4%
4%
1%
1%
1%
1%
*11
19%
*19
Penn
*104
20%
5%
20
*19%
600
12%
1%
20
l7/a
105 %
19%
39%
*1%
1%
100
*11
*%
40
*39%
2,400
46
►104
20%
38%
*5
5%
64%
'
12
19%
19
*5
'104
*%
1%
*%
19
64%
*35
19
19
*37
46
65
l7/a
39
20%
20%
47
63
105%
*11
12%
105%
20%
39
*34
39
*11
*104
*45
1%
1%
►34
10,700
17%
2%
*l7/a
Proof Co
Transportation.
Patino Mines & Enterprises
Penick & Ford-—,
s
Jun
Sep
Jan
10%
Apr
16
Jan
150
Dec
40'/a
6
48
4
No par
—10
Davis & Co_.
3%
* 9
22% Feb
28
May
9
Feb
61
2
Jan
17% Jan
Jun
140
2
Jan
v
6% Jan
2
Jan
16% Apr
1
—1
Tilford Inc
Mines—
Parmelee
1,400
17%
&
142
Mar 20
l%Mar
5VaJan
1% Jan
11% Apr
7
May
1
Jan
20% Apr
90
Mar
11% Apr
100% Apr
No par
Motor Car
Parker Rust
200
%
,
1
10
Western Oil Corp__
18
63
62
62%
*1%
17%
Parke
3,400
,
14%
%
TiV
46 %
►45
62%
OJL
17%
17%
18
*44%
%
23
22%
*13
Dec
7
15%
22%
13%
74
121
100
i
Park Utah Consol
600
1%
1%
13% Jan 28
9%
43 Vi Apr
American Airways
Park
17
*15
1%
9,800
600
107%
*106%
17
*15
17
►15
17
*15
17
*
6 Vb
120
Corp.——5
Pan-Amer Petrol & Transp
_5
Panhandle Prod & Ref
1
Paraffine Cos Inc
No par
4% conv preferred
100
Paramount Pictures Inc
—-1
6% 1st preferred—
100
Pan
'
14 Va
14
14%
106 Va
*15
17
*15
7%
*7
l'/a
13%
13%
Packard
36,400
i
7%
25%
106
8.000
2Va
17
16%
*1
95
& Teleg—
preferred-—
Pacific
*7
*80
67c
Pacific Tin Consol'd Corp__
l'A
*23%
-
1,100
7 Va
95
•
x
No par
No par
-100
5,500
*1
25%
Corp—
Mills--
5%
*7
*23%
& Electric—
Pacific Telep
20
1
95
106
1
104%
Feb
9% Apr 27
2
2
1
16%
Dec
2%
4% Jan
10
—25
(Cal)
20
7%.
*80
13%
Pacific
*5%
2%
2
15%
15%
15 Va
15%
14%
2 Va
2
2'/a
2
2Va
300
*
5%
54
\.~^—No par
—-
Ltg
1%
2
1%
5%
Pacific
82%
9
28
6% Mar 27
4% Apr 27
16
Apr 28
Co—
145
*140
145
*140
500
16%
82%
*82% ; 95
,
5%
*7
13%
90
141
1%
1%
25
*80
*80
141
81%
81%
81%
*80
26 »A
•
Jan
3% Jan
79
2
Jan
5
10
No par
Co
Glass
Pacific Finance Corp
Gas
16%
16%
*16%
16%
*16%
16%
16%
2d
50
Pacific
--.26%
y.y
Coast
1,800
17 Va
10
44
.
preferred
preferred.
1st
150
200
17%
23% July
Dec
No par
100
12.50
Pacific Amer Fisheries Inc
Pacific
180
5%
*5
17%
2
1
13
17 Va
7%
*23 Va
11%
*12%
17%
14
14
18%.
*10
13
13
14
*7
*16%
11
13
17%
2
2
18
11
13
13
1%
*5%
18
11 Va
17%
*135%
141
*1% y
18 Va
13%
*16%
y 25%
135%
5%
17%
17'A -17%
1,200
8
5
13
13%
8
8
5 Va
*10%
11%
25%
8
8
5%
5%
—-
Owens-Illinois
1,900
*17
19%
>11%
*13
46%
*12 Va
77/a
*5
46%
46%
Preferred
—
--
10
Feb
2
51
—5
Outboard Marine & Mfg—
47%
*117
Feb
13%
12
11% Mar 12
$5.50 conv 1st preferred—No par
—-
*42%
*117
6%
22
6% Jan
132
—No par
Otis Steel Co
1,300
:
e
*17
5%
*5'A
*11%
5 Va
53%
preferred—
6%
30
140
5%
*50
53%
26
23 Va May
2
2% Apr 28
.—No par
-100
19%
*7%
*10
*51
8% Jan
2
59
-100
.—No par
47%
'
46
5 Va
53%
'
*136
5%
*5%
>>5
Va
6
Otis Elevator
2,400
:
29
Jan
2% Jan
17
No par
.
100
13%
13
140
*136
140
•135%
13%
*51
5% ;■ 5
54
>*51 %
*117
*117
*45%
13%
13 V4
80
.
3Va
3Va
3%
—
Equip
Omnibus Corp (The).
8% preferred A
Oppenheim Collins-.
July
6% Apr
.—No par
Oliver Farm
♦17
47%
*42%
47%
*42%
*117
*2%
Ohio Oil Co
800
76
*70
76
74
VA
4%
4%
4%
y-4Vi
73
3%
*135 V4
*51
4Va
•70
13 VA
13
13
13
■>>
y>
4,100
23 Va
23
23
2,700
7
6%
6%
6%
22%
*2%
*2%
3%
♦2%
:
22
4%
74
♦70
74
♦70
71
4%
4%
*4%
4%
*4%
6%
22 Va
6%
6%
22 Va
6%
50
800
.4%
100
4%
50
*21%
66
*6%
7
10
90'
22%
*62%
;
100
~
100
-152
*1%
"l%
*1%-;1%
*1%
1%
11%
11%
11%
11%
11%
11%
800:
2,100
,
Plymouth OH Co
—-
5
-
29
19
16
17
.2
Apr 28
Apr 23
Apr 22
Apr 25
165
175
Dec
163.
Aug
166
174!.
Mar
181
6% Jan
7%
Jan
5
4.
Dec
9%
Jan
6
45%
24%
Dec
14
51
Oct
10% Jan
,
6,
26
—
Jan 22
,l%Jan 20
11% May 22
14% Jan 28
>
43% Jan
.
75% Jan
15
July
,
Dec
Mar
164
--
164
Dec
,•
Mar
V 1% July
A May
13%
Jan
65
Feb
3
Feb
70
Feb
Dec
33% Jan
Jan
Oct
3%
*
61
Jan
15
6%
>
17
July
«.Itfctt.4t«J W"•**-V'
Volume 155
Number 4075
THE COMMERCIAL & FINANCIAL CHRONICLE
m
NEW YORK STOCK
LOW
May 16
$ per share
$ per share
♦16
STOCKS
$ per share
*16
16%
*16
Friday
May 22
*16
*3%
15 Va
6%
3%
3%
*3%
3%
14%
14%
14%
6%
6%
6%
3%
14%
14%
6%
»3%
14% ; 14%
6%
*33/4
*6%
6>/a
.
♦6%
*22 '/a
;
*6%
7
24
*7 />-
*6%
*22%
*22 Va
7
24
6%
24
3%
14%
6%
17
3%
3%
7
24 ;
*22%
*6
44%
45%
*115 '/a
44%
10%
_10%
10%
,•
45%
•
118
*116
118
*66%
70
*76%
80
ft-
91%
91%
102% 103%
*102 %
105
7%
*91
*82%
9%
102
102
78%
91%
102
*87%
*111%
112%
>111%
22 %
102%
112%
112%
70
78%
112%
22%
22%
7%
102
22%
7%
7%
7%
7%
7%
92%
92%
*92%
84
83%
10
10
84
10%
*93/4
*83%
f.
?
; 94
*92
.
84 : '
10
*83%
10
93/4
10%
:
*9%
;
9%
*9%
■
'<;■
10%
9%
72
100
57*
6%
6,200
7%
92%
83 %
200
500
*
10
*9
Pure Oil
800
9%
400
6%
preferred
52
119
14
Jan
Oct
Dec
13 y8
Jan
6%
Dec
13 Mi
Jan
3
21%
5 50
Dec
6
Mar
4
115
8
Dec
'40%
61%
Jun
11% Dec
Jan
Sep
120
July
29%
Jan
86% Jan
14
75%
Dec
110
Jan
*99% Jan
14
92
Dec
123%
Jan
Mar 30
111
Jan
106%
Dec
137
Jan
99
Mar
123
Jan
117
Dec
158%
Feb
115
Feb
114
Dec
117%
21
30„
Apr 24
—100
26% Feb
Apr 28
7-
10
90% May 13
82
Apr
1
9% Mar 11
10
8% Mar 11
—100
Quaker State Oil Ref Corp
8%
ft. 13%
Mar 30
No par
-
Jan
Dec
ftft 4% Feb
5%
Jan
14% Jan
111% Mar 19
No par
—No par
5% conv preferred—
Purity Bakeries
i
3%
21
79%
No par
(The)
17
16
62
100
.
Feb
$ per share
Jun
3
8% Jan
Feb
16
73% Mar 31
100
,
4,400
23
9%
preferred
Pub Ser El & Gas pfd $5
Pullman Inc
13
29 Vi Jan
16
Highest
$ per share
15
9% Apr
—100
preferred
8%
42.
No par
No par
preferred—
7%
—
May 22
115
100
_
Jan
15% May 18
8% Jan
3
6% May 20
.No par
Year 1941
Lowest
5% Jan
7
25 V Apr
50
pfd (ser of Feb 1 '29)
17
3% May 21
5
preferred
Range for Previous
Lots
$ per share
10
9% Jan
6
-
Pub Berv Corp of N J
$5 preferred
270
100
2d
conv
100-Share
Highest
16% Feb
No par
1
Proctor & Gamble
200
112%
83%
9%
•
79Va
92%
r
5,900
_
5% conv 1st preferred.,—
30
91%
102
102
83 Va
10 %
*6972
93%
92%
23
4,000
10%
*76
7%
10%
10%
*93/4
102
70
*87%
70
23%
83%
•
91%
7%
*92
84
10%
80
*87%
9%
Poor & Co class B
5%
of
4 per share
No par
No par
Postal Teleg Inc preferred
Pressed Steel Car Co Inc
—
119
10%
Pond Creek Pocahontas
.100
44%
*116
10%
22%
7%
■93
*68
*76
10%
2,200
24
44%
118
23%
23
7%
70
91%
10%
44 %
118
80
-
*111%
*111% 112%
23
44%
117
10%
*87%
*87%
112%
23
44%
•
*76
f
80
*87%
*111%
.44%
117
118
10%
•66%
10%
*66%
*76%
70
45
44%
*116
700
4,400
.:
1
*22%
•"
'
/ft/
6%
Basis
Lowest
Par
ft.
14 %
6
On
Shares
3%
14%
*6
6%
24
*22%
EXCHANGE
V;
14%
6%
.
NEW YORK STOCK
the Week
'
Range Since January 1
■.
Sales for
$ per share
17
'
1981
RECORD
■>..
Thursday
May 21
$ per share
17
*18
PRICES
Wednesday
May 20
••
May 19
$ per share
17
SALE
HIGH
AND
Tuesday
Monday
May 18
Saturday
*16
U»UU:-,
f
19% Dec
> Jan
7
91%
10%
94
X
Feb
Mar
83%
ioi y. Jan
Oct
29% July
Feb
Dec
107% Dec
95% Aug
Jan
20
Feb
25
8% Deo
12%
Oct
9% May 19
8% Apr
12 3/4
July
47/a
Jan
R
2
%
2%
*47%
2%
48%
*82
48%
102
*2%
2%
23/4
2%
48
48
48
*82
48%
102
*82
102
'
2%
v.:
2Va
2%
2%
39
*36
39
*36
39
*15%
*8%
16
*15%
16
*15%
16 ;'V
*24%
25
*8%
83/4
*243/4
253/4
*12%
!12%
*25%
263/4
*25%
22%
*203/a
21%
1%
1%
*12%
2
50
2
is ^
2%
2%
*36
*15%
16
123/4
24%
123/4
12%
253/4
253/4
*21
12%
*20%
2
*8%
21%
20 Va
2
*103/4
13%
*103/4
6%
6%
*1%
13%
6%
6%
11%
*11
7%
7%
20%
20%
2
*50
50%
*103/4
13%
*103/4
6%
6%
6%
*11
11%
7%
11%
7%
*11
7%
.
63
*601/4
63
*60%
63
62
*41
43
*41
42%
*41
43%
*41
44
*41
3%
*2%
14
13%
*95
71
*95
703/a
71
4%
*112
63/4
*4Va
4%
57
23 Vb
6%
23%
*35
63/4
77
*4
23%
'
36¥4
*77
4%
4
23%
*35
233/a
363/4
24
*35
363/4
6%
63/4
6%
6%
*6%
8
*63/4
73/4
*6%
73/4
*6%
73/4
*3%
4%
*6%
*3%
*3%
43/a
*3%
4%
*4
4%
173/4
173/4
*7
*173/4
7%
*30
7%
41
*A
18%
7%
♦33
*24%
25%
•A
%
25%
24%
*
32
*1%
7%
*1%
12
*3%
GO O
*3%
32%
*107
32%
108
*3%
13%
*77%
80
*78
81
80
80
*79%
30
*28
30
*28
30
*112% 114
*107%
*
32
*112%
%
%
%
%
*10%
11%
103/4
10%
2%
2%
*2%
2%
46 Va
46%
46%
463/4
46%
6%
6%
6%
6%
6%
*8 Va
8Va
8%
56
56
56
v
*32%
*31%
34
5
34
;
*
Jan
103/8
Nov
Jan
Preferred
1
Republic Steel Corp
6% conv preferred—
6%
7%
(R J)
Common
14%
80
80
29'/a
*29
114
12
ft
14,800
14%
3,000
82
200
*28%
30
100
*112%
ft-
4*
*3S2
ft
■"
114
*107%
■
■
120
10%
14
114
'107%
136
*
%
%
%
*%
11%
*103/4
11 Va
49
6
8%
8'/a
*8
*2%
55
6
2%
50%
6
8%
8
55%
%
6% /
.8
*54%
500
•
400
100
—_
Joseph Lead
Louis-San
6%
10
Francisco
100
$St Louis Southwestern
preferred
5%
No
preferred
Savage Arms Corp
Schenley Distillers Corp
5V2 7o preferred
par
No par
No
preferred
Sharon Steel Corp
31
■
58%
5
5
30 %
M6 .ft/
6
2,200
58%
400
$3.50
5
ft tr-ft-
300
Shattuck
32%
200
Sheaffer (W A)
3,100
•:/.
303/s
*31
pref ser A
conv
(Frank G)__
Pen Co
Simms
Petroleum—
24%
23%
23%
100
Simonds Saw & Steel
-No par
213/4
1,200
13
*22%.
213/4
21%
213/4
213/4
*69
75
*69
75
*69
80
*69
80
*69
80
*69
*111
112
*111
112
►111
*111
112
►111
112
-111
17
17
112
17
400
80
112
9
'•■:,■ 9
9
13%
13%
6%
1%
9
■
13%
-
7
9%
9%
9%
*13%
13%
14%
*13%
7
6%
7 >'
6%
2
2%
7
2%
2
2
2
*14%
15%
*14%
15%
*19%
127
19%
*19
193/4
♦127
132
*14%
'$>'
132
17%
17%
17%
9%
97/a
9%
10%
10%
133/8
10%
;
•27%
*43%
•
1%'
*2%
47
10%
10%
16%
16%
9%
93/4
9%
243/4
*43%
:.ft/
1%
*2%
2%
46
1%
.
*2%
55
23/a
*33
18%
18%
*18%
24%
34
57%
57%
57%
2%
2%
2%
,
38
38
30%
30
•
*33
30%
*110%
*40%
*109
*109
.
89%
For footnotes
see
'
:
n
33
9%
:
1%
.,*1%
2%
2%
2%
*33%
*17%
23 Va
33
33
33
57%
300
2,400
35%
200
*57%
91
*32
*57% :/58iw
20
1,600
39
28
28
*109
2%
111%
3
89%
♦109
3
89%
89%
allO %
110%
413/4
41%
*109
3
*90
lllVa
.
3%
93
28%
28%
120
1,400
110%
110%
*40%
42%
100
iny8
v3/•;.::•/•
16,666
50
*109
:':..••
*90%
93
Oil
15
Silver King Coalition Mines
35
X
5
..A Jan
116
5
8%
31
57
6
2
Jan
(A O)
Corp_—
1%
Apr
49%
5
Dec
48%
400
71% Jan
:
Apr
57/a
59
Feb
4
Dec
Nov
Dec
67/8
Sep
22
32%
Dec
40
Jan
2
10%
Jan
Dec
14
163/4
5/
6
2
26
Jan
Dec
;
Jan
213/a
Jan
Nov
2 Va
Jan
22
9
Dec
1
Oct
303/4
Nov
100
Jan
2
112
Jan
28
203/4 Jan
6
133/8 Jan
6
Jan
15
Feb
4
13%
Feb
18%
8% Jan
5
7%
Dec
10% July
16
9
28% Jan
:
ll3/a
1% Mar 24
2
Apr 29
Apr
15
;
13% May 18
6% Mar 11
1% Mar
6
Apr 17
Apr 24
126
Apr
2
14% Apr 29
18
17
3
153/4 Jan
.
26
144% Jan
27
203/4 Jan
100
353/s Jan
24
343/4 Jan
50% Mar 24
112
Jan
114
Jan
14%
9
1%
26
5
Feb
Dec
25% July
Sep
2% July
13
Feb
193/b
13
Jun
23%
120
AUg
x
16%
Nov
150
Aug
Dec
Mar
27% Jan
10
Dec
13%
8
X
Dec
Jan
11%
Feb
19 %
Feb
23% Mar
Sep
143/4 Aug
19 Vs July
36% Nov
37%
Oct
1% Jan
5
1
May
3% Feb
6
2
Dec
60
Mar
28
203% Jan
8
17%
28
313/a Jan
6
27% Dec
July
393/4 July
1% Apr 24
2% May 4
1
—
5
5
13% Jan
18% Feb
Oct
Feb
Dec
10
12% Jan
35%
95
16
26% Jan
9% Apr 20
10% Apr 17
12% May 20
243/4 May 20
par
18% Feb
111%
2% May 21
14
No par
.—No par
Dec
2
' "
Jan
6% July
69
July
22
No par
1
17% Apr
21% Apr
No par
31% Apr 28
37
Mar 24
27%
Apr
38% July
No par
49
60
54%
Aug
60
Spiegel Inc—
Conv $4.50 preferred——No par
Square D Co——.
1
i
Squibb (E R) & Sons
100
Jan
3
14
4% Jan
6
Dec
6%
Dec
Jan
x
Apr
27
45% Jan
14
34% Dec
57%
Jan
28
May 21
383/a Jan
6
31% Feb
40 %
Aug
110
Mar 30
Feb
11
114
No par
40% Apr
No par
-
3
35
.
preferred.
Mar 16
2 3/4 Apr
2
;
Jan
143/4 July
Apr
100
—
$5 pref series A
Standard Brands—
$4.50 preferred
107/8
Dec
23
No par
No
Mobile & Ohio stk tr ctfs
conv
33/4 July
78% Jan
4% Dec
7% Dec
5
Jan
July
29
7.50
Co
Sparks Withington
Spear & Co
5%
%
3/4 July
17
Apr
25
Southern Pacific Co
Spencer Kellogg & Sons
Sperry Corp (The)
Spicer Mfg Co
$3 conv preferred A
Jan
July
Apr
—1
California Edison
preferred
Sep
112
193/a Apr
10
Ry
39%
115% Mar
65
No par
South Am Gold St Platinum,
5%
Dec
Dec
110
S'eastern Greyhound Lines
5
So Porto Rico Sugar—-No par
/ft 8 % preferred—
100
Southern Natural Gas
Sep
Sep
par
No par
15
Socony Vacuum Oil Co Inc
Southern
17%
94%
100
No
Smith & Cor Type v t c
Snider Packing Corp
Southern
Apr
13% Jan
2% Mar 28
11% May 6
% Apr 14
23% May 22
15
preferred
Sep
143/4 Jan
4% Jan
24
5
Skelly Oil Co—
Smith
10% Apr
23
% Dec
11% Dec
5
5% Jan 20
34
Jun
Jun
IL
Jan 28
6% May
Sep
Jun
109%
3% Mar 24
12
Apr
113
107
{'a Feb 10
1
13% Jan
23
8
47
Dec
Jun
3/8
79
9
Feb
Apr
May
6
Apr
106%
12
15
No par
$5.50 preferred
"-V//3 :•.///3 M
*38%
39
38%
89%
1983.
-
50
58
29
.v.
200
18%
38%
"42%
111%
3%
2%
233/4
38%
116
100
2,500
23%
29
*40%
4,600
l3/4
*173/4
30%
*110%
24%
45
-
*33%
38%
42%
■
243/4
4,800
Wb
29%
116%
700
14,700
55
3
*40%
1,600
93/4
13
•40
24
3
*110%
43%
18%
*57%
116
page
25%
43%
1%
V
300
1,900
10%
10%
ft-:;i3?rf
24%
•
23%
42%
3
l3/4
2%
55
23
34
46
*37%
111%
2%
*89
*2%
*35
24%
3/8
38
42%
1%
55
*56%
116
*43%
1% T-.'...
*33
67%
111%
2%
3
17%
17
13
18
89%
17
7,100
129%
10%
25
-
•127
.*127
12%
2%
•;
129%
!
10%
18 3/a
-.
19
13%
243/4
*40%
14%
19
103/a
•35
35%
2%
14%
25 3/a
47
13,500
15
12%
18%
30%
10%
2%
7
19%
135/a
/
/
15
27%
-.
600
1,100
200
18%
13%
24%
*110%
:
2
9%
63/4
Union
Simmons Co_
$6
14
19
26
24%
88
*93/4
6%
14
*18 Va
*56
;,r.
10%
63/4
18
9%
*13%
Shell
Sloss Sheffield Steel & Iron
;
15%
129%
16%
-
93/4
7
18
9%
14
27%
1%
60
33
17%
93/4
9%
*13%
27
*43%
1%
3
*35
17%"
*127
18
13%
13 3/a
27
18%
129%
*17%
9%
14
2
*14%
19
*127
17%
*9%
15%
19
17%
•
3
16% Feb
6
4% Mar
30% May 21
10
17%
19% Jan
89% Jan
43% May
4% Jan
No par
100
■
3
ft Mar 21
No par
1,600
17%
3
Jan
3%
1%
17%
20
Jan
51%
13%
17
6% Jan
44
6
.
%
%
1% July
4
July
110
Aug
393/4 July
Dec
tV Dec
4% Mar 15
Jan
Nov
1
Dec
sa
4
♦18
24%
*21%
27
5
Jan
14 3% Aug
48% Jan
Dec
27
15
1%
21%
% Feb
% Jan
Jan
°U
21
34% Jan 27
Jan
53/4 Jan
21
Nov
A
Mar
123/4
ft
42
7
lVa
21
2
27
61%
12%
21
27
Jan
% Apr
4% Apr 29
54% Apr 29
2%
21
10% Jan
47
10
No par
11%
21
Dec
No par
Sharpe & Dohme
*56%
10%
*%
2'%
143/4 May
8% Dec
6
*2%
12%
12%
20
3
2%
*23
5% Jan
19% Mar 20
Jan
11%
1%
97/a
Jan
2%
12%
Apr
10
10%
24%
6
60
2%
1%
16
2
*2%
12%
83A Jan
14
2%
*22%
Aug
Jan
*2%
1%
Jan
12 Vb
Apr
2%
12%
53%
Feb
8
2%
24%
Dec
7%
53
2%
*1
493%
15
No par
* 2%
12%
27
J an
No par
$5 conv preferred
10%
*23
Jan
9
Jan
No par
1
Inc__;
54
36% Jan
—5
Sears Roebuck & Co
10%
34%
28
10% Apr
2% Jan
July
Dec
109% Mar
-
95
Dec
16
par
Dec
4
Sep
15% July
22%
May 15
25% Apr
No par
Seagrave Corp
Servel
5
Sep
803/4
27% Jan 27
X112% Apr 17
106% Jan
9
100
Seaboard Oil Co of Del—
4% Jan
Jan
129
6% Dec
75 V8
Jan
11
Apr
19
Feb
97
Apr
60
2
78
No par
No
$4 preferred
JSeaboard Air Line
*10%
1%
Jan
123/4 Apr
_5
—100
Scott Paper Co
$4.50 preferred
4-2%
5
_5
97
5
85% Jan
29% Apr 30
106
Apr 30
9% May 19
par
——100
223/4 Jan
101%
4% Dec
3
7
100
Safeway Stores
Aug
Dec
20
3
Jan
77
Jan
19
2
—100
Dec
96
8% Jan
Apr 23
Vb Jan
14%
5
3
74
23% Apr 28
:h Jan
2
100
preferred
2
129 3% Mar
7
May 20
34% May 13
% Feb 17
No par
10,0
preferred
Apr
33% Dec
2% Dec
23
63/fc Jan
17
May 22
Feb
Jan
863/4 Jan
Apr
16
1
preferred
19
100% Mar
4
May 6
6% Apr 28
6% Apr 30
3% Jan / 6
No par
Rustless Iron & Steel Corp_,
conv
May
35
No pat
No par
11%
12%
61
x20
10%
24%
Dec
6% May 20 ■
75% Apr 29
3% Mar 9
1
10%
<
34
10
10%
*12%
2
14
54
10%
*%
*23
Feb
4% Jan
109
10%
.
48
13% May 14
100
(The)
8,800
:80
6
2
—10
5,100
.300
55%
67 %
&
6
*53
5
30%
*2%
49 Va
6%
5%
58%
*4%
2%
503/4
%
*54%
6
*55%
1,700
%
11%
6%
55
2,100
Dec
Antelope Copper Mines
Ruberoid Co
5%
32%
108
*79%
30
'112%
3*2
—
53%
100
Richfield Oil Corp—
Ritter Dental Mfg
$2.50
— —
May 21
703/a May 14
4% Apr 23
No par
Tob class B
9% July
62
100
Reynolds
6% Dec
9
95
No par
preferred
Mar
7% Feb
23/4 Jan
100
Copper & Brass
55
22 Va Mar
7
Apr
38 % Jan
X
No par
100
ser A
5%% preferred
Reynolds Metals Co
5%% conv preferred
Reynolds Spring™
7%
14
prior pfd
conv
Revere
*1%
*3%
c
JRutland RR 7%
24
323/4
i
100
Reo Motors v t
7%
12
io
25
*1%
*33/4
;
with warrants—
JSt
25/a
31%
12%
Apr
St
*
11%
31
.
Apr
7%
100
48%
-
9%
93/4 Jan
1,200
6%
5
12% Feb
IVb May 18
1,400
*2%
5%
6% Apr 24
103/4 Mar 11
Reliance Mfg Co—
Remington-Rand ——ft.—.
32
47%
57
*4%
24
Sep
Apr
16% Feb
ft
8%
56
600
50
Dec
Apr 30
A
6%
5%
56
*4%
4%
7%
15
1
Apr
Jan
Va
*%
56%
800
2
11
352
82
*11
47
*55
6
*54%
56
4%
S/8
25/a
I73/4
13
39
3/a
•ft
11%
*8%
56
'
6
5%
5%
56
*%
*2%
8Va
24
13/a Jan
19% Dec
Aug
100
Roan
'
%
13%
*112%
32
*10%
...
43/B
;
5
23 % Mar 11
May 21
29%
(Robt) & Co 1st pfd_..—100
Reliable Stores Corp
-No par
Va
*107%
__
•ft
32
Silk Hosiery
Preferred
43%
10
29 Va
114
*107%
--
32
900
T/2
V
10
*28
400
•ft
10 Va
14
114
*7
9%
13%
8,900
7 Va
*107
14%
Nov
8,300
*35%
32%
14%
Nov
16
_
Real
20
%
1073/4
14%
*ft
7%
32%
*13%
Jan
2%
53
190
43%
24
12
9%
*112%
7
107%
11
•IO71/4
IT3/*
32%
9%
24
160
.
107%
11%
20 Vb
36%
*6%
32%
11%
Aug
50
4%
-»4
•17%
107%
11%
2d preferred
7%
*1%
107
4%
*A
32
32%
107
273/4
372
*
12
18% July
Dec
%
*332
7%
Dec
400
*i3o
24%
Dec
500
*6%
16
22%
200
*35%
%
24
32
%
*1%
12
32%
107
11
24%
*
7%
*3%
32%
107
%
j2
32
32
*3%
17
43%"
*16
7
28
10%
24%
"•
7
*35%
%
63/4
18%
7
41
*-,*f
id
*
•17%
7%
*34%
%
25
18%
*7
41
•ft
JO
*173/4
63/4
18% July
Jan
23
793/4
*35
7%
4%
*6%
21% July
17
11% Jan
3
6%
24
Dec
8% -Dec
2
Apr 24
2
500
*4%
14%
8
Dec
28
4%
*77
4%
15% Jan
par
—1
Rensselaer & Sara RR Co__.
55
793/4
Va
Oct
-No
——
Reis
14%
*6%
55%
263/4 Peb
71%
54
6%
38% Mar
15% Jan
800
112
57%
6%
46% Jan
Jan
27% Feb
98%
4%
Apr 24
—
10
3
*109
37
$3 preferred
Reading Company
100
45/a
112
*55
6%
76%
23%
*35
4%
*109
55
6%
4%
23%
363/4
4%
Jan
5
44
71%
33/4
9
64%
*95
Dec
16
6,400
133/4
98%
2
233/4 Jan
7%
*2%
75 Va
112 Va
55
773/8
*4
*95
*71
4%
63/4
"
2%
14 Va
72
112
57%
*6%
77
4%(
23
43/4
2%
13%
98%
72
118
*55
3
13%
*95
71
*112%
6 3/4
*763/4 ,-70%
36%
98%
*4%
117
57
\e6V2
793/4
23
13%
98%
57%\^
*6%
*76%
*35
*2%
4%
111
*56
2%
14 Va
703/a
4%
*111%
27/a
133/4
14%
*95
98%
*70%
*4%
3
14
3% Jan
11% Apr
24% Jan
*41
44
2
.
50
11%
7%
62
88
25
*59
*60%
62 '/a
Dec
50
13%
*6%
63
Dec
85
1st preferred—
100
50%
*60%
*2%
2
*48
1
2% Dec
47%
Apr
4%
1,600
20%
*1%
3% Jan
54% Feb
Apr 25
Apr 23
88
I—lOO
Radio-Keith-Orpheum
6 % conv preferred
Raybestos Manhattan
Inc
6
46% Apr 28
88
400
12%
6%
7Va
100
2% Mar
-
Rayonier
25
*1%
Radio Corp of Amer
-No par
$3.50 conv 1st preferred— _No par
$5 preferred B
-No par
300
12%
25
13%
*11
100
8%
25
12%
6%
7%
*8%
*24
26%
51
11%
25%
16
*12%
*45
IVb
8%
*24%
400
38%
16
*25
51
*103/4
*36
123/4
*45
7V4
23/a
26%
*25
21%
*1%
8 %'
25%
900
102
*2%
38%
16
17,300
49%
*82
38%
*8%
25
2%
48%
102
*15%
*103/4
11%
7%
2%
493/8
*82
51
7
*10%
48%
;
102
*45
13%
*6%
3
•36
8%
*8%
25
253/4
*21
*10%
23/4
:
8%
50
48
*
*2%
*36
*1%
2%
~
*82
2%
2%
111% Apr
20
113
Jan
23/4 Apr
29
6
Jan
6
2
110
Jan
8
Dec
II73/4 Aug
47 %
Dec
48 Va
Dec
3%
Dec
6%
Jan
8
No par
111
-No par
89% May
9
49% Jan
6
108
Jun
113% July
Monday, May 25, 1942
CHRONICLE '
COMMERCIAL & FINANCIAL
THE
1982
RECORD
NEW YORK STOCK
Saturday
May 16
$ per
1 VB
*1
6
Va
*5%
6
*6Va-
6%.,
7%
*7
7%
*7
7%
•20%
*A
A
%
1 :'v
*%
1%
6%
6%
V:
6%
6%
\ 200
'-7%
6%
7%
"6%
7%
*7%
7%
20%
203A
21%
33%
34%
33%
333/4
28'/«
28%
•473/,
49%
/28Va
26 Vb
*47%
26
49%
6
3%
♦33/a
4 %
4%
124
4
*44
34%
28%
29
29 %
24
24"
6V4
'
1
/ :• ; /
*19 %
*3Va
4%
*3Va
4%
22
22%
22%
22 Va
23
23 %
22%
23%
4,600
Swift Iriternational
4%
4%
3,800
Symington-Gould
*3VB
43/4
*3 VB
43/4
*3'/a
22 Va
22 VB
22%
22 VB
22%
22 %
21%
22%
23
23
23 Va
22 3/4
23 VB
23
4%
23
•4
4Vs
4 Va
20
20
*
93/4
20
4
4%
4%
4%
4
4
4
Sutherland
93/4
19%
20
22%
400
10%
19%
103/s
20
'
600
*93/4
*9%
20%
4%
4%
4%
33%
12%
25
Swift & Co
3,300
.—
37
1%
Ltdi—
.
...
13.
28
20
13
15%
1%
13%
20%
Jan
Jan
Jan
May
/
51
;<
*4%
5 '
.
*1%
$*7%';%V%:
32%
32%
■
28%
*5%
*6%
*37%
*45
*3%
*31
5%"
434
10%
*63/4
7%
6% Nov
4%
Dec
83/a July
Dec
8%
50:/ Apr
Jun
Dec
9 Vb
Dec
18% July
Nov.
23%
16 Va
2%
*5%
5%
*5Vb
19%
19%
19%
8%
3%
86%
27%
27%
4
4
4
4
*10%
11%
*11
Vb
Va
%
.
*11
11 Vb
*11
9%
100
8%
8%
1,600
8%
8 3/a
/
*85
88
223/4
24%
24
3474 Jan
14
6% Jan
6
Apr
6% Apr
27
Co...,:—i__—_i
__1
i32%
32
32 a4
32%
33%
;
2,400
Timken
4%
8%
%
-
64%
6
5%
10
9%
v
6
600
11 Va
11
11
300
10 %
10 V8
10 Vb
23
*2%
22%
22%
23
*2%
363/4
5%
*5Va
-
3634
5%
5%
\
5%
s
i
30
,
5%
.
Twin Coach Co...
,
Sep
73/4 July
6% Aug
33/4
Feb
Dec
14
5
Dec
10 V8
Jan
20
32
Jun
44 %
Sep
MarlO
2
Dec
4%
Sep
38
25
20
41% Jan
3
7
Jan
28
15
4% Jan
5
Jan
2
34% Feb
27
50
/
July
May
60% Sep
Dec
5% July
3%
30
40
Jan
Aug
-
4Vb
IV# Dec
Jan
33/4 Jan
12
6V4 Jan
20
3%
Jun
6
-Jan
27% Jan
7
243/4
Nov
34
Jan
U Feb
Va
Dec
2
10% Jan
5
13
29
10% Feb
5
7
1% Jan
18
Dec
99%
9% Mar
Jan
11%
Dec
Dec
85
Mar 28 /
95% Jan
95 %
May 20
34'4 Jan
27%
Feb
35%
May 20
43% Jan
37%
Dec
51% Jan
28
,4% .Jan
4
Dec
5%
Jan
7% May 15
10% Fob
8%
Dec
17%
Jan
123/4 Mar 17
6% Mar
32
Jan
4
.
3
8% Jan
No par
5% May
Dec
2
Jan
2
60
Dec
75
Jan
19
4
Feb
11
Feb
6
9%
Jan
%
2
67% Mar
11
Feb
6
,■■■' 7
Va Jan
2
10 % May
19% Jan
2
23 Va May 20
1% Jan
2
3% Jan
21% Jan
2
40% Feb
6
5'/a May 16
6% Jan
29
4%
May 21
27%
..i.
10% Aug
Jan
J an
1
29
'
Sep
7
14
Apr
61
Aug
5
% Mar
/Tri-Continental Corp
1
/
$6 preferred
--2.-N0 par
,-Truax-Traer Corp.......
No par
Truscon Steel Co...
10
20th Cen Fox Film Corp__'__No par
>
$1.50 preferred...;
——No par
i Twin City Rapid Tran
No par
7
7
preferred
i
100
600
.
.
St'l
38%
Dec,
22
;
1,000
;
363/4
*35%
;'V.:
.
13,700
.
2%
*2%
2%
*35%
23/4
*353/4
5Vb
9%
v:;
23 V4
23%
'
.
6
6
*11
11
11
Transue & Williams
1,900
;
Dec
4 Vb May
Dec
2
5% Mar
8 Va Apr
..2
5
^
1,400
1
64 Va
*62
.64%
*62
5%
*61 %
2,300
ii"%
1
1
{$
•>
11%
11%
11%
11%
%.
,
Sep
463/a
30 Vb
8% Jan
Axle...
/Transamerica Corp
Transcont'l & West Air Inc^
1,900
8%
93/8
Feb
53/4
9% Jan
16
9
18% Apr 23
Ji Mar 27
No par
10
Roller Bearing—j-./Vo par
preferred.
Detroit
Timken
3% Jan
Dec
6
5% May
10
Associated Oil.i
$4.50 conv
v
.
'
4
11%
7 Tide Water
9,300
9%
...
5% Nov
1% Apr
100
25
Ry...
Avenue
/
38% Aug
Dec
34%
Jan
30
—jlO
Sep
7% July
1% Dec
3% Apr
41
24 »/a
Dec
16
Jan
6
2'/gMay 20
>-No par
100
Aug
11% Feb 24
28
2
383/4 Mar 27
.
200
24
88
4
37
5Vb
BVa
5Vb
5Vb
5Va
9%
10
*85
23%
*
.
9
2%
*2%
28
Apr 15
4% Apr
No par
Thompson-Starrett Co
—No par
7 :'■"• $3.50 cum preferred—..j.No par
500
4,
10
*353%
27
5»/a May 21
-No par
.—:
(J R) ^
Thompson Prods Inc
600
;
9
223/4
22%
2%
*36
37
%
19
4%
6
37 V2
*2%
2%
"2Va
37
%
8%
11 Vb
9%
i,
22%
22%
22
*21 %
10
97/b
9%
9%
%
'
*11
■
Jan
par
Thompson
—
4VB
64
6
6%
11 Vb
*18%
*%
,
11
*53/4
6%
*53/4
18%
*8%
/
88
32
Third
5%
9
♦61 Va.
•
6
7% Jan
$3 div conv preferred...
1,100
2 Vb
*5Va
8%
11%
V/,-
Thermoid
v
16
1
;
Pieferred
.
*5%
4Vb
'
*%
64
10
*2
9%
22
113/4
%
'
*61V2
64
*61%
4
'■
*31
*17%
8%
:
8%:
*8
600
*3%
33a
32%
5%
5%
*85
33'
11%
8%
150
2
♦41
8%
8%
*7%
45%
3%
45%
2
19
*8%
23% : 25
33
32%
33
*32%
2%
45%
33/a
The Fair.!.—:
200
9% Jan
39% Jan
^_^10'0
Trust—
Ry Co
$3.60 conv preferred
/
32%
Va
*31
Texas & Pacific
2Va
45%
*2
Texas Pacific Land
.
40
"38
40
■
14
Apr 28
28
.10
Thatcher Mfg Co__'i.
2'/a
2%
19
%
x323/4
*6%
*38
3%
*5%
5%
86%
25% ; 27%
7%
*6%
32%
2Vb
;
20
8%
88
*85
500
3
21'
Jan
5% Aug
25
3% May
May 13
Jan
Juiy
2%
Dec /
'16%
5
'
86%
8%
8%
8%
86%
900
10%
2Va
3%
*83/4 I 10
10
*83/4
10
•.43/4
45%
*31
%
%
*3/a
%
%
*8%
2Va
•
45%
2%
2%
5%
4%
6%
Oulf Sulphurs
Texas
/'Texas Pacific Coal & OiL_.i
1,900
*9%
39%
32
32
32%
:
9%
*38 7
'
;
21
Dec
3
2Vt Jan
2
No par
-No par
Texas Gulf Produc'g Co
.
2.600
5%
..„43/4
■7*6%
3%
3%
-
3%
3%
28%
5Va
9
45%
45%
49%
*45 y4
*31
28%
/.
193/4 May
j
33% May
3
Jan
Dec
•
.
28%
434
2V4
300
2%
*2
4,800
i
5%
434
39%
32%
July
Dec
1%
.7
30
126
9
v
3%
20
7'% May
5
(The)_—
Texas Co
Jan
66% Dec
12%
.
5
;
117%
.
11
f
1 Va Mar
Jun
8 3/4 Jan
334
Apr
32
__50
5
i_
..
5Va
9%
'
■'
5%
9%
*2V«:
2%
*2 Va
'
2%
♦4%
'7%
7%
32%
*2
28%
10V4
*37%
39%
*37
323/4
32%
434
*63/4
19%
*5V#
*19
5%
■
1%
*7%
,
40
Jan
Dec
3% May
Apr
4
_9
Talcott Inc (James)..
5Va ^ partic preferred
100
/Telautograph Corp_„
Tennessee ."Corp_r
1,7007
1,200
•
'
73i
7%.
2Va
5%.;.
i
28%
*9%
2%
*1%
2Va
2834
♦4%:
2%
'
•
5%
*9%
323/4
;
1%
*1 %
73/4
2Va
■
*4%
2%
49%
3%
"32%
♦2%
33 Va
1%
*7%
.
7
28% 7
2V«
28%
*5%
39%
*9%
*1%
32%
1%
32%:
2Va
29
33
33
*32 V4
7%
7%'
33 Va
*2
283/4
4%
10%
7%
*4%
•
7%
32%
2%
29%
5%
*2
33
:
*1%
1%
7%
1%
*1%
33
*32
33
*32
*4%
V577-
33
5-'''
:.*4%'
40
66
Dec
4%
'
*4%'
■
-
.
>
Dec
•
Dec
48 % Aug
Dec
29
Nov
34 Va July
46%
Feb
33
'
9
14
3
6
5'/Wan
25 Vb
25% Mar
33
Jan
223/4 Mar
IOV4 Dec
3% Mar 6
25
Jan 26
243/4 Jan 28
Mar 26
4
1
Corp
May
Apr
May
Feb
4% Mar
21 Va Mar
1774 Mar
553/4 Jan 9
126 Jan 3
57/a Jan 14
3% Apr
9
203/4 Apr 30 7
19% Mar 11 *
'
4%
*32Va
Paper Co
(The)__
Sweets Co of Amer
,,
11%
1
9%
17%
No par
1
..100
——10
(The)
Superior Oil Corp—
Superior Steel Corp
1,000
1
1
1 Va
100
Dec
4% Jan 27
5% Jan 5
5% Feb 21
Apr 28
116% Apr 13
4 "Apr 11 *
cum) 2—-100 0
.
Co
9%
9%
10 3/8
4%
(4%%
pfd
Superheater
300
V4
12
11 %
Class A
/
'7;-
4Va
*1
*9%
:■
Sunshine Mining Co...
124
Nov
6V4 May 19
43
No par
12
*20Va
*3 VB
45%
•
11%
H i/a
1
1
■
-
10%
20%
4%
*9%
*"20 Va
2,700
7
IVB
/
11%
11%-
-
*
12
1,100
1,500
'•>
:
4
4 Va
Sun Oil Co
2,300
400
4%
4%
.
*121
124
4Ve
4VB
:
*45
453/4
*45
*121
124
4%
,
4%
4%
4%
57a
3,800
V
1%
%
6
56Va Jan
10
—.
:
share
8% Dec
■:
22 Va Feb 5
27% Jan 6
42 V4 Jan 27'
33V»Jan 3
34% Jan 16
42 -Apr 24
Stewart-Warner
Corp./—
5
5Va Jan 2
Stokely Bros & Co Inc..
:
„_1
5
3Va Mar 9
Stone & Webster
7
—No par
4
Apr 16
Studebaker'Corp;(The)^—_.2—i—1 7 / 3'A Jart 2
3%
3%
3%
L S-7-—2Vo par
(TheJ
Starrett -Co
Sterling Products Inc.—
1,300
6%
6%
6%
4%
-
45%
45%
*121
493/i
-
4%
4%
4%
4 F
Standard Oil of Ohio—
7
25%
*48
3%
3%
4%,.
4 Va¬
45%
*23
*6
4%
124'
25%
—
6
*3%
3%
;
4%
Standard Oil of New,* Jerseys
1,600
7-100
Highest
$ per
%
1% Jan 6
; 11%;Jan 14
13V< Jan 14
14
28
24
28
20
Mar
Apr
30%: Apr
25 Va Apr
.24 ■: May
18
20
25
25
25
Standard Oil of Indiana—-
13,600
..
29%
,
-No par
Oil of Calif
Standard
•9,100
34%
.
29%
50
*23
50
6
734
200
/ /
7
$ per share
7
i'« Jan
7
% Apr 25
5 Va May 14
6
Apr 28
Year 1941
:
Lowest
/:
$ per share.
2
% Jan
preferred
No par
$6 cum/prior preferred——No par :
$7 cum prior preferred—_No par
Range for Previous
1
Lots
Highest
$ per share
,
$4
7,500
■.
'
50
*48%
48%
4
VB
4
1
1%
*1
33%
28%
'
12
*ll3/4
12%
*11%
V
33%
28 %..
*122
•124
*4
4
-
33%-
45
45
%
21%
4% 7 4%
43/4
*122
•
19%
21%
*3%
43/8
-4%
4534
*44'/a
"122
i,
■
4%
4%
19%
21%
6'/a
3%
•
19%
21%
47%
6
6
*5%
*3%
19%
21 %
;
26 Va.
*24
'
*4%
19%
21%
28%,
28
*25
*24
19%
34 Va
21 Va
34 Vb
20%
'
:
7
Lowest
No par
Standard Gas & El Co
600
A7
%
*7
,
Par
400
ra
3/°
21%
19%
20
EXCHANGE
Shares
1%
,
20%
19%
19%
$ per share
$ per share
*7 Va
1%
*5%
•7%
1 VB
the Week
%
*1
■
May 22
7
STOCK
NEW YORK
*
lVa
%
1%
16
May 21
$ per share
share
'
*ia
%
-
A
Sales
May 20
May 19
share
$ per
$ per share
Tuesday
;
Monday
May 18
v -
'
for
Friday
Thursday
Wednesday
Range Since January
On Basis of 100-Shsire
7
STOCKS
PRICES
HIGH SALE
LOW AND
5
21
7Va
9%
May
3/4
Sep
Dec
24
16% May
13
Sep
11% Aug
13/4 July
Dec
Feb
27%
Sep
Dec
16
9 Va
Jan
U
32
32%
313/4
31%
31%
8%
83/4
83/4
8 3/4
60 Va
60%
60%
60%
*109%
112
104
*101
112
*109 Va
*103%
103%
32%
8%
8%
*103% 104%
112
110
103%
•
*109%
103%
103%
*10%
3,100
1,000
/
10
10%
10%
10%
10%
10%
a10%
71
71%
69%
71%
70 V2
72.,:
70 3/4
713/4
70 Va
71
78%
78
78
78 %
78%
*77%
24%
24%
24%
24 Va
24
24 V8
25%
25%
25%
25%
25
■70%
92
,i
S2
93
9
9
*38
17
15%
15%
5
*43/4
*1%
V.
24%
25
24
24%
24 Va
249/o
94
94
94
10 %
12%
12
12%
12
.
*1043/4
r
39
*16%
1
43/4
4%
4% "v
'
5
2
38 Vb
38 V8
4%
27
98%
14
14
25%
25%
*25:
26 Va
53
533/4
53 Vb
53
99
133/4
14
13%:
'VvTi' 3Vb
*2%
2%
2%
79
79 Vb
*78%
83%
25%
25%
25%
26 Va
*6%
6%
42%
*161%
5
79
79 Va
79 Va
25%
25%
6%
162
162
5
5
5-7
*4%
423/4
,v
*34
39%
*36
39%
27
*25%
27%
*26
27
22 %
21
%
16%
7
,
%
163/s
16%
71%
*39%
41%
40
/,'
*59
60
58
46%
46
108%
108%
*%
*13
&
13 Va
41%
"143
"147
*34%
42%.
41%
149
"143
149
For footnotes
see
17%
17%
74 Va
73 /,•■■
4,700
40
40
40
60
*57
17%
37%
42%
*13
42%
45%
45%
108 %
108%
108%
•
7
42%
*13
42%
-
34%
7 100
;•
•
59%
400
45%
2,200
173/4
ft
14
42%
330
*143
148
30
*147
150
10
148
149
150
i
U S
i__JVo par
—100 7
...
--No par
Tobacco Co..
IVo
300
45
"147
Preferred
13% Mar 6
54
Mar 10
37% Apr 17
58 ' Apr 28
44 Va May 20
.
50
Preferred
l
preferred
Stockyards Corp—
100
40
44
"143
10
100
——50 7
Ref & Min
U S Steel Corp
7
No par
>
107% May 15
15 Va Apr 29
39% Mar 27
25
—1
7
United Stores class A
*13
150
V
22% May 1
267/b May 1
20
Apr 27
% Apr 17
20
..10
1
:
f.
United
14
146
Co
Rubber
200
44
*147
S
2V« Apr 28
7
Jan
2
99
Jan 20
.
1007
8 % 1st preferred
U S Smelting
1,300
*43
*143
U
;
50
44
*13
150
•
:18,800
14
143
x
300
700
300
143
,
700
110.
*%
*33%
40
"147
1983.
3/.
74
;:;.7 *17: 7. U
a
Ji
*33%
146
page
*42
%
3/4
H
17%
17%
44
*42
MB
14
17%
11%
44
*%
34%
44%
108 VB
.
17%
tt
59%
60
453,8
*42
44
*%
/:
No par
lNo par
preferred..
U S Pipe & Foundry
U S Playing Card Co
U S Plywood Corp
1U S Realty & Impt—^
•
;
—5
$6 conv preferred
-No par
Universal-Cyclops Steel Corp
1
Universal Leaf Tob_.
-No par
8%
H Apr 16
% Apr 15
100
preferred.
Universal Pictures
1st pfd J
7
.
No par
Partic & conv cl A
21,300
73
*57
*34%
37
13%
13%
13%
148
.
18%
60
"hi
35
35
17 Va
40
173/8
1,000
:
«s/a
78
conv
Jan
6% May 14
40 % May .13
159 / May 1
4% Apr 27
34% Jan 30
24 % Apr 28
5
50
Hoffman Mach Corp,
Prior
%
.
22%
223/4
preferred
U S Leather COi—^
•
112
%
%
40
44%
i
700
3,100
:
713/4
108-
;
r.
40
108 3/a
>103
<
g
21
70%
107%
2%
.
:7
17 Va
16%
45%
g >
'
17
—20
100:
preferred
U S Industrial Alcohol—1
277/e
v
73 VA
%
8/.
;7
.7 %■
5%%
22%
22%
*27
41
x45
26%
2%
2%
112
*103
73
*42
• u
*%
18
%
43
43
43 '
*42
17
17%
17%
*17
7%
7
*57
34
108%
108
•26%
.
^.JVo par
Freight Co.........
U S
*20
■.
No par
1st preferred..
pistrlb Corp conv pfd.____.100
600
*27
20 Va
17
U S
3
Mar 12
2% Apr 17
77% Apr79
10
Paperboard
400
:
11% Apr 28
Foreign Secur___.__1.JV0 par
7 U S Gypsum Co.
70
20%
23
28%
*20
16%
$6
U S
600
2,600
i,
28
*27
21
22%
U S &
2
3% May 19
793% Mar 27
Gas Improv't.i—
No par
preferred
——No par
c-—1
United
:
490
20%
28
71
60
46%
46 Vb
8%
111
*39%
40
•
*2%
2%
;
$5
United Mer & Manu Inc v t
70
:
.
5.
7 i
39%
*34
27
8
>1
507/a May
No par
United
?
100
164
7 *4%
5%
39 Va
vm %
74
70%
70%
;
*34
22%
?
%
16%
%
■
*4% r'
*26%
*103
400
Electric
United Fruit Co._—
3,500
7;
43%
*162
164
*160
39%
22%
*20
20%
20%
8%
113
..,.1—5
700
'.
4% Apr 15
1% Apr 28
34 % May 12
37/8 Mar 11
25% May 19
1
,
100
Cos_________5
Preferred
-
26%
2%
25%
7
*34
28
28
*27
28
*20
*8%:
"103
22%
22%
22 %
*27
112
103
111
*103
2%
83%
43
•
*8% 78%
8%
*8%
2%
2%
2%
*79 Va
43.
26
39%
♦26
2%
162
5%
162
3%
25
Coal
United Eng & Fdy_.
16,300
2%
7
41%
42%
41%
-
83%
25%
25
United
>
:
*3%
5
10
i-
2,500
13
:
i.
>
*
*2%
:
2%
*79%.
•
99
Xl3
3%
3%.
6%
6%
*4%
*36
*2%
14
*2%
25%
;
Dyewood Corp.:
200
60
33/4 '
3%
98%
98
13%
.
'%
3%
3%
2%
*24%
42%
163
163
163
*4%
3%
*2%
6%
..
42%
42%
3Va
2%
79
.
6%
*6%:
3V4
Drug Inc
500
i:
:53%
53
.53 Va
98
100
13%
14 Vs
*2%
•
.52 Va
33/4
3%
13%
•;
*3Vb
3'/a
3%
2%
>
*97%
98
98
*3 Vb
41%
3%
3%
33/4
3%.
*97
United
:
-
25%
16
Jan 27
& Jan ,2
.12% Apr 14
Corporation—,.__-__No par
$3 preferred.—par
/ United
40
25%
27
*25
53%
United
;7
600
*4% "74%
.4%
1043/4 Mar 24
37
May 1
100
5%: preferred.:^—
3,900
2
40
40 V2
43/a
4%
*4%
11,500
par
Co_^_.^
—No par
United-Carr Fast Corp——No par
4,900
<,
:
-No
Co
Biscuit
United Carbon
1;
1,100
i
5.Va
2
hV
United
'
40
40%
*38
4%
3%
334
32
153/a
4%
2
4%
98
%
5%
1%'
363/4
52%
"•
15%
15%
15
15
17%
17
V
3V.
.
5%
*4%
53
53
%
Un
May 21
89
Apr 17
77/a Apr 17
9% Mar 10
100
5
conv
Apr 20
24
5
Corp
preferred
Air Lines Transport
5 Va
;
24
34%
13 Vb
41
142
100
147
May
May
May
Apr
20
16
6
24
Apr 30
37%
Sep
5
7
Dec
12%
Jan
3
60
Feb
79%
Sep
112% Jan
12
Jan
6
13% Jan
29
Feb
5
81% Feb
6
30 7 Feb
May 6
63% Jan 2
75
Apr 13
Dec
9% Jan
74% Jan
34
>
108
100 % Mar 24
10
May 1
100
...No par
>
....
United Aircraft
7
100
preferred
4%
Union Tank Car.
t
1,300
38 34
108
•
15,600
t
108:
*36
v:.;:
17
17
1%
363/4
*25%:
*104%
38%
4%
4%
28
*25
103
2
1%
35%
35%
103/a
2,100
,
12 Va
4%
*4%
,
ki
2
10%
12%
_
32
•
14%
15%
15
153/4
*37
17
%
%
%
32
37%
V
12
*1043/4
108
37%
'
17
"16
17
V4
„
"1043/4
108
*38
Union Bag & Paper—
1,100
10 Va
,94
10%
Under Elliott Fisher
8,100
93%
10
108
*1%
2
25 Va
10 Va
15%
-
24'/a
93%
39
*
&
78
24 Va
9 Va
*
*16
'%
78
24 Va
93%
*38
39
*16
78
24
.12%
*1043/4
108
78
24 Va
*12 Va
94
Xl2%
12%
12%
*106
78%
9%
:7
i
24
93%
7
9
1,100
;
10%
71
*78
•
70
103%
103
10%
10%
7
7,400
112
10%
10%
600
61%
6IV4
62
111 %
*109 %
7
8%
*8Va
8%
3,200
34
33%
34
603/4
60%
60
110
103%
103%
32%
8%
8%
61%
*8%
61%'
32%
32%
v
287/a Jan 2
77/a Apr 17
58
Apr 28
Co.—_No par :
No par
/ Union Carbide & Carb^.—-No par
:i Union El Co of Mo $5 pfd—No par
Preferred $4.50 series
—No par
Union Oil of California
.25
Union Pacific RR Co.
109
-
1113/4
Jan
1153/4 Nov
106%
Dec
112%
11%
Dec
16
Sep
"57%
Dec
85%
Jan
73
Dec
85%
24
24%
Dec
31
6
x
'
:
77%
Sep
Jan
July
28 3/4
Dec
443/a
Jan
28
~9%
May
17%
Jan
Xl2% May 18
Mar
5
112
8%
Dec
1083/4
Dec
y36%
Jan
5
104% Jan *
117/B Jan
143/4 July
Feb
113%
42% Jan
19
35
Dec
52
Sep
Feb
26
15
Dec
21 Vb
Sep
Dec
1%
Jan
13% -Dec
303/4
Jan
20
% Jan
15
6% Jan
A
5
16% Jan
28
2%
2% Jan
Jan
10
5
Mar
27
35
Feb
1%
10
50
5
72% Jan
Dec
3%
334
42
Jan
May
79
Dec
5% Jan
16
4 Vb
17
30
100%
Dec
15 Vs Jan
4'/b Feb
27
2%
Dec
2%
10% Jan
Dec
106% Jan
Dec
;
I:
6
Feb
25
143/4 Nov
4%
4
93%
Dec
83
Jan
117
8Va, Apr
3% Jan
87
53/eJuly
Dec
60
3
1
Apr
30
/
Sep
Nov
51
20% May
£;';
Sep
6%
Jun
Sep
July
Oct
26% May 18
9%
Feb
./19
July
26
4
7%
Dec
13
July
113/4 Jan
48 Va Mar
37%
5
6% Jan 14 V
39% Mar 28
34 Va Jan 27
172
Jan
69 %
Dec
183
Apr
170
9 Vb
4% Feb
Jun
Jun
Feb
33
43
Apr
33% Aug
-
,
Jan
Jan
20 T
4% Aug
2%
Dec
26
5%
Apr
7
54%
Feb
4
30
Feb
2
24 Va Jan 25
1
Mar 11
20%
Dec
31% Aug
25%
Dec
34'/a
18%
Apr
%
Dec
13%
Dec
3% Jan .20
10% Jan
111
Feb
25% Feb
18% May 21
74% May 21
103/4
105
V
26
;
; 2 Va
-
28% Sep
Dec
103%
Sep
65 Vb
Apr
76%
Jan
703/4
Jan
14
Jan
19
69
Dec
47
Dec
553/4 Jan
3
1193/4 Jan
13
105 %
Dec
Jan
5
19%
Dec
Mar
42
46% Jan
14
Jan
7
19
%
Dec
ID
Dec
Feb
9
42 VB
14% Jan
5
12
1
U Jan
44
Sep
July
Dec
51 % Jan
24
Oct
Feb
58
43%
71
Sep
43%
130
Jan
33 3/a
x
Jan
50%
Nov
1%
Jan
1%
Jan
62
Sep
16%
Jan
Nov
64
Sep
Dec
May
52% Jan
6
6
140
May
157
Jan
150% Jan
21
133
Jan
162
Oct
159
Jan
,
„.rf.
Volume 155
Number 4075
NEW YORK STOCK
Monday
May 18
•
$ per share
*J2
AND
HIGH
Tuesday
May 19
$ per share
13
*J2
21
Wednesday
*
27'/2
*25
27%
25%
*14%
15
14%
15
9
*19
9
20%
*114
20
115%
*29%
9 :•/'
20
*114
31%
*8%
9
*20%
*i2-•
*114%
f
*30%
*114
*49%
64
*49%:- 64
*49%
*56
85
*56
*56
85
8%
>114
115%
;81%
31'%
*49%
64,:.
*49'/2
85
*56
31%
of
100-Share
Range for Previous
Lots
Year 1941
Highest
$ per share
Sales
No
par
Lowest
$ per share
Highest
$ per share
j
$ per share
% Jan
200
Vicks Shreve & Pac
5 % preferred
2
Jan
20
II Jan 30
6
29% Feb
15
Apr
31
14% May 14
8% May 12
207/8 Jan
3
15%
Dec
34%
11% Mar
2
8 V2
Dec
15
Mar
19
.100
9
24% Jan
7
115% Jan
30
20% Aug
111% Dec
28
12
116
July
Aug
22
No par
—2.50
1st preferred———.—.loo
-Vick Chemical Co_____ 5
85
*30%
Par
1%
64
*56
.
Basis
Lowest
Preferred
200
22%
On
Vanadium Corp of Am..
Van Norman Mach Tool_
Van Raalte Co Inc.—.
300
*21
85
85
8%
Vadsco
1,300
207/a
: :.
64
*56
9
15
*114':,115%
31%.
*49'/a .64
*14%
207/a
115%
*30%
15
Range Since January 1
:
lllli v
30
-
'
,
STOCK
4■",
.
100
27"
YORK
EXCHANGE
Shares
^
%
*25%
NEW
the Week
,7.'.
26
*8%
20%
Sales for
'
$ per share
14%
-
9
*20%
31%
-J 2
Friday
May 22
v
26
14%
*8%
-
$ per share
271/8
14%
115%
31%
May 21
i7«
*25
20 7/8
115%
*30%
:
$ per share
25%
is%
RECORD
STOCKS
Thursday
-
May 20
ii
*25
1983
SALE PRICES
$ per share
*14%
*8%
•nm-i.m-meurtM
THE COMMERCIAL &
FINANCIAL CHRONICLE
LOW
Saturday
May Hi
«n„,.
Mar
112% Jan
30
•
May
41 7/8 Jan
1
iV Jan
6
39%
%
Jun
Aug
Dec
Jan
53% Feb
19
55
Jan
100
July
Mar
57
Mar
Aug'
66
Aug
20
19
45
J67
66
Ry_r—___100
Mar
'
*19%
20
*1%
28
;
1
*19'/4
1%
28
111%
20
1%
20
1%
-
*19%5
1%
28%
111% >
28%
28%
112%
*1121/4
*24%
25%
*24%
25%
*27%
28
*27%
28
*14
18
*14
25%
27%
*70
75
*68
76
*68
130
*125
130
*125
7 %
*1914
28%
28%
.27%-
112%
>111%
*14
16
:
25
*70
7%
7%
*18%
20%
*7
18
25
71/8'
*
:;'
75
27S/4
900
Va
$6 pref__
Va Iron Coal h Coke 5 %
Virginian Ry Go.____.__
18
25%
200
26%
1,000
26 ^
*71
76-
6%
1,900
17%
1
2
110% May
__100
May 22
May 14
120
Mar
No
%
Sep
2%
Dec
Jan
25
28% July
118% July
114
Dec
29
11
Dec
23%
20
30%
Dec
42
Jan
29
Dec
33%
Feb
29%
Jan
7
96% Mar
11
138
Sep
5
89
Feb
105
Nov
9
Jan
135
Mar
143
Jun
10% Mar 25
16% May 22
25
Apr
1
24
par
27%
Dec
187/b
Jan
19 f
i
6% May 22
preferred—,
19
22
Apr
31% Jan
29
75
30
115% Feb
3
Apr
26
.
Jan
19
2% Jan
i
4
14
24
/100
25% Jan
8
pfd_._ 100
Detinnlng Co
$1.25
I
Jan
Vultee Aircraft
300
MaY
22% Jan
No par
Preferred
7
•
16%
Pow
•preferred___l^-.i.-_.__.^.^^.25
Vulcan
" 130
>125
-
177%
&
6%
*
■40
El
'
20
Va-Carollna Chem_>.r.>._-___u.No par
6% div partic preferred
...100
140
*14/
7
-
i,doo
—_5
112 %
*25%
130
7
177/a
Victor Chemical Works—
•
76
*125
'7%
191/8
100
1% VV1%
*25% '26%
75-
*18
19%
1%
25
-
1130-
*125
7%
*18%
;
>
*14
25
'
•'
7%
20%
*1%
26% * 26%
130
.
20
112%
.
75
*125
*19%
28%
27%
,
20 ; f
*111%'112%
'
15%
*24%
\
*19%
1%
28%;
112%
18
20-
1%'
28%
*111%
*14
;
20
1%
30% Jan
26
71/2 Jan
17
18% Feb
W
26
26%
'
*6%
26%
26%
26
26%
*25'/4J
26
25%
-
6%
*6%
6%
*6%
67/8
*6%:
67/a
*16
16%
*16%
16%
*15%
16%
*161/8'
16 %
*95
98'/8
*95
98'/8
*95
'
*3%
3%
'
32%
321/a
'
*14145
14%
*3
*3%
3%
*32%
32%
*14%
3%
TO
19%
*
*63
69
1
22%
27
15
*11%
12%
*13
1
*15
*59%
15%
12%
13%
15
61
*59%
61
59%
*44
44'4
58
57%
57%
49
47
48
*45
104%
13%
104%
*99
131%
*44
>104
13%
13
104%
13%
2'A
*2
514,
*4
X13%
2%
*4
104%
*99
13%
*2
13%
2%
t'o
%
47/8
%
26
26%
25%
26%
26
14%
14%
14%
14%
*2
26
15%
14%
*%
68%
68%
67%
4%
*%
68%
>121
123%
*121
24%
*23
67'/a
123%
*23
24%
*25%
28
*25%
4%
>121'
*23
28%
14%
68
67%
123%
*121
67%
800
2,900
Western
4,700
69%
27%
102
101%. IOI'/b
>100%
101%
21%
20
*
20%
,20%
20%
20%
20%
61
*59%
61
*12%,
13%
*12%
13%
13%
13%
12%:
127%
12%
127/8
3%
3%
3%
3%
3%
1%
1%
50
*36
*1%
50
*16%
16%
1%
*36
1%
2
*1%
50
16%
*16
2
*36
16%
*1%
2
;
2:.
16%
*1%.
2
1%
1% V
1%,
1%
1%
3%
5%
3%
5%
5%
3%
37%
3%
4
20
23%
*
197/a V19%
*14%
15%
19%
14%
>113%
126%
14%
>103%
*45
*84
'
197/a
*56
*14%
15
>113%
140
*113%
>103%
126%
126%
15
140
?'
*45
50
50
*45
51
*47
51
*46%:
51
*83%
88
86
*831/2'
46%
46%
*46%.
48%
19
11
5%
30%
86
'
7%
7%
11%
12
1%
1%
"Bid and
r
Cash
.
114
*45
19
10%
,
5%
30%
*78%
3,7/a
*56 V
-
•
*100
19%
3%
57
118.
.
*19
-
*5%
30 '
*78%
7
•
19
10%
114
19'A
10%
113
5%
*5%
5%
:
50
5%
..
31
29%:
*78%
84
*78%:
7%
7%
11%
*11%
1%
l7/8
1%
asked prices; no sales
sale,
s Special sales,
on
x
12
1%
7%'
11%
1% '
5%
7%
•
1,900
20
19%
Dec
23%
Jan
5
Oct
10% Dec
17% July
10'A
Dec
20'A
Jan
1'%
Dec
4'A
Jan
-
Feb
80
Feb
Jan""6
16% Mar
251% July
Feb
3
65% Mar
74%
Jan
22
Dec
106%
Jan
8
99%
Dec
115
Jan
Jan
8
89
Nov
1077%
Jan
II31/2 Jan
9
112
Mar
117'%
Jan
Feb
6
15
Dec
2
104%
Apr
r
18
88
3
15%
27
1%
Dec
8'A Jan
28
4%
Dec
]§ Jan
27
32
27% Apr
19% Feb
2
18%
Feb
5
15
Dec
May 20
18
May 21
107
Dec
31/2 Jan
20% July
Oct
29%
July
4% July
s: 9
July
Feb
l'/s May
31%
.
Nov
24% July
16,800
*83%
11
*79
;>
1%
1,000
11%'-11%
115,
-5%;. .5%
1,600.
29%
5% h
30'A
81
7%'
11%
•
19% I 19%
5,200
*111.
29%
79%- 79%
•
,K 77/a >
11%
1%
100;.
1,500
77/8
11%
11%
1,200
1%
1%
1,900
"
-
300:
this day.
t In receivership,
a Deferred delivery,
b Name
Ex-dividends,
y Ex-rights.
!I Called for redemption.
:
8
93
Jan
22
85
Dec
100
par
20
May 20
27'A Feb
4
par
58% May
20
_1
Mar
76
10'A
Jan
157/e July
10%
Dec
17%
37/8 Jan
10
10
1%
Dec
1% Jan
3
1'%
5
3'/a
Apr
Apr
6% Jan
20
4%
Dec
7
73% Jan
13
60%
Dec
77
Sep
109%
Oct
115
Nov
19%
Dec
1
19
May21
21% May 6
14% May 18
24
28
Jan
Dec
Mar
147
85
Jan
130
47%
Dec
Mar
54
39
1
82
15% Jan
57»A Jan
7
Jan
12
May 14
8% Feb
19
1% May 21
g Name
73%
Aug
July
Aug
26
50'%
Dec
Jan
15
86
Apr
122
July
Jan
5
50%
Dec
80
Jan
19% Feb
4
13% Jan
14
10'A
109%
Dec
71/4 Jan
1
75% Aug
Dec
120 »A Mar 17
v
5
78
26
25% July
62
-
2
Apr 23
29% May 22
3
Jan
Dec
104
May 6
Apr 24
10% Apr 28
111% Jan
3
Jan
16
98
117
47
34%
15
25
13
49
Sep
Jan
28
23%
Dec
33%
Jan
May 15
Apr 28
111
Inc.
7
2% May
2% Jan
6%
21% Jan
Feb
—_—100
.No par
26% July
2% Feb
Mar
Young Spring & Wire_—No par
Youngstown S & Ti
———No par
5%% preferred series A—___100
Youngstown Steel Door——.No par
Dec
6 Va Jan
120
1
Jan
Jun
18%
4'/8 Apr 29
3% May 13
56% May 18
Mar 25
25
8'A July
5%
54%
1% Apr 15
11/2 Mar
6
120
__100
Dec
Dec
Feb
13
series-:
.—lOO
Conv series—100
•Zenith Radio Corp
Zonite Products Corp.
2%
Jan
41
Jan
—100
_10
*
2%
3% Jan
Jan
22'A Jan
_1
1—No par
No par
30% July
Dec
53
6
15% Apr 23
10
Jan
Apr
58%
'
6
May
Aug
July
21'A
1% Apr 29
5
changed from Union Premier Food
Stores,
^
3
40
'
36% July
65
15
Apr
15% Jan
13
May 5
12% May 21
I
Jan
60'% Jan
9
100
Preferred
27'A
Jan
•Yale & Tdwne Mfg; Co__•____
Yellow Truck & Coach cl B.^..
-
120
Mar
34%
88
par
pfd 4%%
Jan
141
112
Motors—
preferred—
Prior pfd 4%%
8
105
Jun
Apr
Apr
Aug
Wright Aeronautical—^„^No par
Wrigley (Win) Jr (Del)—No par
300
-
,
.
7%
-
47%
31 % Jan
106% Jan
Oct
Dec
27%
60
preferred A
Prior
86%
47%
11
1011% May 15
20
6.r/o preferred B
-
118
2
105
Worthington P & M (Del) —No
49%
71
28
7
Wilcox Oil & Gas Co—
:1%
Mar
6
Jan
18
Woolworth (F W) Co
600
22
81'A Jan
29% Feb
127
Apr 28
Apr
Min
$6 preferred
800
23
50
preferred
conv
63% Apr 24
117% Apr 29
18
—No
Wisconsin El Pow 6% pfd
Woodward Iron Co——_•
50
*47
19%
115
X29%
- -
*45
preferred
Wilson & Co Inc—
200
*
86
-10%
*
r/ "
.46%
,*111,
',*5%
11%
1%
511: Y
46%
30%
84V
50
*83%
19
;
19
10%' *10%
30%
7%
">45. -•
*46%.
"
*110'A.115
30%
84 .'•
11%
10%
113
14
Apr
Willys-Overland
6 Vo
i
251/4". :Y24% ,25%
147/b M5
•
: »% .15%
*113% 140
f
*113% 140
*103% 126%.'% *163% 126%
86
*45%
*84%
X46 %
114
.
,
1
.
*47
19
,
;
300
2,500
•
conv
Rock
Prior
3,400
5%
24%
*103%. 126%
*14%,
/. •57
.2
41%
37/«
19
24%
47
11
*1%
5%
*100 ;: 118
'
197/s
237/8:
37/e
,
57
49
*18%
stock,
.
; 115
88
'
.*45%
;
3%
51
.
114
,140
2
50
Spr Co____No par
White Sewing Mach Corp
1
1
$4 conv preferred
No
100
.
140
*47
*56
*100
24
*113%
>'!.
3%
197/a
23%
23'/8
Sep
Feb
100
par
.1%
•
'
56%
23%
23%
*103%
,
.
1%
5%
__No pur
No par
$5 conv prior pref__
No
White Dental Mfg (The S S)_
White Motor Co
White
50
1%
*19%
200
*1%
*30
*16%
5%
110
2%
2
1%
56%
900
50
5%
>100
1,900
'3%
16%
1%
56%
i2%
3Va
*30
5%
110
•
•50
.12%
>
*16
1%
56%
38
.—100
preferred
Wheeling Steel Corp
13%
50
5%
>105 '
60
16%
1%
57
51/2 Vo
1,000
*12%
'
5%
110
60
,
.
*1%
.
$4.50
50
-12.50
Wheeling & L Erie Ry Co__
-
*5%
*56
100
5081
*59%
16%
*105
102%
*45
i>75
13%
*36
.
*100%
,
50
1st
preferred
Weston Elec Instrument
Westvaco Chlor Prod—:
271/2
50
62
*16%
.
*25%
81
*59%
3%
21'A
Feb
% May 18
14
July
Feb
104% Jan
9 V:16% Jan
231% Feb
No par
1 %
6
Apr 28
4%
—100
Westinghouse El & Mfg
•10
200
*45
*13%
13
4,100
25,
-
*75
13%
3%
68%
123%
*24
•
13%
2
67
*121
25
61
*3
Telegraph
Dec
Dec
Jan
12% May
2
Dec
77.
Jan
10
Westinghouse Air Brake.^
*13%
2
*1%
ts
14%
*25%
50
3%
%
Sep
6%
Jan
25
9
100
26%
123%
*24
85
13%
53
93
102'% Mar
Co
*%
27%
*45
3'/a
Supply
Maryland
14%
*25%-
*75
*1%
Feb
16
8
6
2d preferred——
.—100
Western Pacific 6r/e preferred
100
*25'/4
27%
50
13%
2%
3
Jan
91
No par
4%
Union
Jun
26'A
104
27
100
Auto
-
66%
241/4
83
61
Apr
41'% Apr
May
12% May
preferred
Western
par
-
600
1%
Apr
70
1
class A
iV
123%
1 123%
24%
*45
13%
No
102
4%
Dec
13 %
20 %
15
May 18
591/2 May 20
—100
6%
'A
6
lYY
*80
*13%
No par
West Penn Pr Co 4% %
pfd
West Va Pulp & Pap Co
Western
Sep
18
13% Feb
25
.
6%
13% May 21
2% Feb
3
Apr 27
4,500
Dec
80
36
103
2%
100
34
180
151/4
19
6
No par
Sep
Sep
Feb
39% Jan
3
100
-.2%
26
74
15
1% Jan
—100
*2
14
Jan
11% Jan
preferred
*4%
25%
12
1
preferred
2%
25%
5
par
6%
400
6
Jan
36
xl2%
1% Jan 29
1%
13.%
25% May
24% Mar 10
No
$4 conv preferred
West Penn El
22
2
10
15%
14%
50
21%
'
3
28
2
par
preferred
Feb
U Feb
26% May 20
14% May 11
.
6%
Jan
19
No
Eisenlohr
Dec
% Jan
par
par
60
15%
14%,
Pump Co
Jan
5
20% May
57% Jan
May 14
No
Pipe
Jan
105%
3% May
17
70
4'A
*2
*%
100
x65
Apr
22'A
Jun
4
Feb
No par
&
Wesson Oil & Snowdrift—
2,800
104%
*99
25%
®o
90
22%
104%
15
par
9%
Dec
96'%
15% Jan
4% Apr 27
50
*12
13%
7%
16
Dec
157/a
5
,34
7
% May
44%
*48
103
Webster
2% Mar
6%
4
102
13% Mar 23
57%
-57%
*99
Wayne
200
61
*43
57%
4%
*%
*80
21%
447/a
300
17
par
Waukesha Motor Co
•
15%
*59
Fdy
1%
130
15%
61
4%
*45
61
"
13
2%
,
90
22%
* 15
-
14
-
*81
13
14
50
61
*1%
105%
102
*22
*13%
17%
*104%
*75
>101%
13%
•47 V*
*45
102
*12%
47%
102
*101%
Washington Gas Lt Co
57
4%
.
24%
25%
300
13%
*43
104%'
,
—No
$3 preferred
14%
51
12%
fWarren Bros Co—
Warren
57%
127/fl
No
200
13%
*59
104%
4,500
preferred
26%
*14
31% Apr
___5
-
22-
130
15
104%
13
*99
13%
*2
1051/4
1
23
16
Mar
4% Jan
Apr 23
98% Apr
3 % Apr
100
Pictures
*20
13%
44
,
Bros
*25
n%-
59%
*57
49
*7/s
No
preferred—
$3.85
14%
*81
15%
1%
Warner
69
•
1%
»
44
*55
*12%
1
-100
No par
/
22
*12%
130
15%
*63
16
No par
Co cl A
27
14%
13
•
*15
49
13%
69
if
15
*1%^
*81
60
*12%
7,200
*63
par
warr
—
Ward Baking
Class B
100
47/8
13
13
2
44-%
*99
18%
4%
%
*12
*48
104
*177/8
5
preferred with
Apr 14
6'A Mar 25
par
No
(H) Good & W Ltd—No par
Div redeem preferred
No par
300
19
69
-100
No
Walk
200
4%
>20"
130
15
*18%
*25
*l7/8
447/8
•
-
47%
26%
*56
104%
■%
%
*44
"103%
*%
*%•
/ 33 -
18%
<
15%v
*59'/a
%
'■
i
w
System
Walworth Co
3%
22
*81
900
*2%
26%'
*14 'f
13%
l'/s
33%
4 % '/o
1.600
*14%.
*20
13
>37/8
3%
4%
14%
*3%
*2%
22
*12
13%
3%
•
14%
27
14%
100
*98%
X14%
%
18%'
1
99%
98%
14%
*20
130
15
61
1
Waldorf
Walgreen Co
3%
*64
Wabash RR preferred
100
100
34
%•
4%
1,400
6%
16%
*32%
*2%
69
25%
6%
*16%
34%
*26%
'
15%
1%
*81
<
14 W
19%
4%
*64
1
*13
2
3%
%
*18%
47/8
27
*11%
130
*%
22%
*14%
13%
*17/B
*81
%
1
*14%
3%
34
3%
19%
*20
2814
3%
33%
*2%
69
'
*27
98%
14%
4%
%
*20
*32%
*14%
%
*63
98%
25%
67%
16%
16% '
*96%'
3%
3%
*19
4%
4%
,
3%
14%
*3
i7o
*18%
98%
25%
*6%
19
15
51/4
Dec
22%
Jan
17'A
Jan
120
Jan
Dec
12'A
13
29
Dec
42%
Jan
Jan
14
76
Dec
95
Aug
12'A Jan
5
9%
Dec
18%
Jan
8
Dec
15'A
Apr
1% Apr
3%
Oct
37% Jan
'84
12% Mar 30
2% Jan
26
changed from General Theatres Equipment,
Jan
n New
j
New York Stock Exchange
Bond Record «»
FRIDAY
and
week,
WEEKLY
-
YEARLY
-
disregarded in the week's range, unless they are the only transactions of
account is taken of such sales in computing the range for the year.
defaulted bonds. Cash and deferred delivery sales are
in a footnote in the week in which they occur. No
indicate in each case the month when the bonds mature.
are "and interest"—except for income and
when outside of the regular weekly range are shown
Prices
NOTICE
the
letters in the column
The italic
headed "Interest Period"
Monday, May 25, 1942
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1984
,
Interest
York Stock Exchange
Week Ended May 22
New
Period
NO.
1947-1952
1944-1954
1—1946-1956
1943-1947
4%s
Treasury 4s_
Treasury 3%s
Treasury 3%s
Treasury 3 Vis
Treasury 3Vis
Treasury 3 %s
Treasury 3 '/as
Treasury 3s
—
Treasury 3s
Treasury 2%s
Treasury 2%s
Treasury 2%s—
Treasury 2%s
1943-1945
1944-1946
1946-1949
1949-1952
1946-1948
1951-1955
—1955-1960
__1945-1947
1948-1951
1951-1954
1956-1959
2%s
Treasury
1958-1963
1960-1965
-1945
!
1948
1949-1953
1950-1952
——1952-1954
1956-1958
1967-1972
1951-1953
1952-1955
1954-1956
——1947
Mar 15 1948-1950
Dec 15 1948-1950
_____,._1949-1951
1951-1955
1953-1955
2%s
Treasury 2%s
Treasury
Treasury 2Vis
2Vis—.
Treasury 2Vis
Treasury 2Vis
Treasury 2 Vis
Treasury 2 Vis
Treasury 2Vis
Treasury 2 Vis
Treasury 2 Vis
Treasury 2 Vis
Treasury
—
Treasury 2s
Treasury
2s.
Treasury
2s
Treasury
2s
Treasury
2s_
Treasury
2s
M-S
J-D
J-D
J-D
M-S
J-D
M-S
M-S
M-S
M-S
J-D
J-J
J-D
J-D
M-S
J-D
J-J
J-D
J-D
1944-1964
M-S
,_____1944-1949
M-N
3%s
A—
-
Owners' Loan Corp—
A;
1944-1952
series G
1942-1944
IVis series M
___1945-1947
4
109.18 109.20
109.18
10
3s series
2 Vis
103
104
103.12
107.19 107.27
A Costa
107.4
108
109.5
110.14
110.2
110.26
,
107.20 107.20
1
107.16
107.2
2
108.15 109.20
109.20
109 .16 109.30
ellO .3 ell0.35
6
108.16
105.15
*106 .16
106.24
106.23
106
*103 .27 104.3
105.7
100
18
2
Foreign Govt. 8s Municipal
Agricultural Mtge Bank (Colombia)—
1945
f 7s series C
1945
f 7s series D
1945
f 7s 1st series——1957
AExternal
A
s
External s
AExternal
s
AExternal
s
105.7
series—1957
A-0
1958
J-D
AExternal sec s f 7s 2d
2d series___1957
AExternal sec s f 7s
(City)-external 5s_
Antwerp
(National Government)—
S f external 4Vis
1948
S f conv loan 4%s
1971
S f extl conv loan 4s Feb
-1972
S f extl conv loan 4s Apr
1972
Australia (Commonw'lth) 5s of'25-1955
External 5s of 1927
—-1957
External g 4%s of 1928—
-1956
38%
A-O
_1949
external 6Vis
s f 6sl
External s f 7s
Finland
French Republic 7s
101.5
103.18
A
104.25
part
104.23
(Province of)—
1
!•<.; External s f 4%-4%s__
Refunding s f 4%-4%s__,.
External readj 4%-4%s
External
s
1975
external s f $ bonds
3%
(Colombia)
2Vis
25-year 3'As
7-year 2'As
30-year 3s
10-year
> 30-year
ACarlsbad
A Chile
3s
(City)
(Rep)
assented
A 7s
AExternal sinking fund 6s
assented
A 6s
A Extl
sinking fund
A 6s
assented
6s_.
ARy external s f 6s
assented
A 6s
sinking fund 6s
A Extl
A 6s
fund 6s
assented
AExternal sinking fund 6s
.A6s
A Chile
assented
Mortgage Bank 6 Vis
A6Vis assented
ASinking fund 63As
A63As assented
AGuaranteed sink fund 6s
A6s assented
AGuaranteed sink fund 6s
A 6s
assented
A Chilean
A 7s
Cons Munic 7s
assented
A Chinese
(Hukuang Ry) 5s
Colombia
1961
1962
1962
1963
1963
1957
1957
1961
1961
1961
__1961
1962
1962
1960
1960
1951
A6s
of
1928
Oct 1961
A 6s
of
1927
Jan 1961
3s
external
For footnotes
s
f $ bonds
see
page 1989
1970
13%
1
13
AAssenting
§ATreasury
13%
13%
11
13%
10%
14%
10%
—
14%
14%
11
1
5
•—»
14%
10%
10
28%
14%
10%
1
12%
(State)—
f 6Vis
Minas Geraes
70
*72%
73
*69
70
——
*69
70
—
*11%
—
1
1
14%
*8%
—
.
70-
59
61
61%
70
14
13%
6'/a
65
98
85
66
85
82
75
*82'/a
70
65
—
*70
72
8
—
69%
63
——
J-D
——
*82
1954
1954
mmmi.
—
—
85
A-O
16%
9
9%
16
61%
5
61%
A-0
*58'/a
—
62
*75
—
87
*6
—
J-D
63
55
47%
58%
69
—
76
6%
5%
—
13
8
12%
82%
72
78%
—
78 Vi
11
6%
6%
5
—
26
5%
7%
5%
7%
5
6%
M-N
Q-J
9%
6%
~
--
J-D
9
8%
*8
~9%
5%
—
Q-J
7%
6%
7%
J-D
7
6%
7
37
5%
7%
6%
6%
116
5%
7%
6%
7%
25
6
7%
J-J
7%
J-J
18%
1957
1958
F-A
6s
1943
F-A
—;
1944
1956
1965
1963
F-A
53%
56%
F-A
55
57
5s—_—1970
J-D
60
60
7s
-
series A
A 6s
South Wales
New
24
(City)
AMontevideo
(State)—
External s f 5s—
88
f
s
5s
Norway external
93
69%
70%
104
65%
70%
8
651
71
38
64%
4s
Municipal Bank extl s f
59%
62
22
59
62
45
38
64%
31
36%
83
External
External
6s
sink fund 4%s
External sink fund 4%s
sink fund extl loan
58%
95
93
Oslo
3
83
95
83
96
22%
10
33%
28%
29%
91%
91%
93
92%
93
4
32
31
32
134
18'A
28 Vi
28%
28%
83
28%
28%
28%
96
18%
28%
29'%
81
19%
*40
70
37
29%
62%
*58
70
36%
61
*64'%
79
44
66
(City) sink fund
60%
60%
61
62%
62%
63
22
56
62
42
56
63
57%
64
59?
65
44
63%
64
10
49
49
1
105%
105
105%
101 Vi
101'A 101'%
99%
99%
32
16
98%
99%
2
97%
99%
99%
98%
99"%
5
98%
99%
94%
94%
12
93%
96%
95%
5
93%
96
98%
94%
95%
95%
5' ;
18
1967
1947
external 7s
ANat loan extl s f 6s 1st ser
ANat Loan extl s f 6s 2d ser
§APoland (Rep of) gold 6s
1959
1960
1961
1940
M-S
(Rep of)
APeru
1958
—1947
16%
M-S
A-0
A-0
M-N
M-N
5
ARio
de
A Extl
Janeiro
sec
(City of)
a Sao
158
12%
17%
13%
17%
63
12%
17%
18
5
15'A
18
16%
17'A
147
13%
17%
18%
2
14%
18%
40
15%
13
17%
13%
17%
13%
15%
44
17%
17%
Paulo
§ASan
16%
15%
166
18
*16'A
1952
—1957
Paulo
(State)
external
A-0
A-0
M-N
M-N
M-S
M-S
8s—
13
17%
16%
12%
15%
16%
AExternal sink fund 6s
AUruguay
(Republic) extl 8s
15%
16'A
16%
2
12%
16%
AExternal sink fund 6s
16'A
63
12%
16%
3%s-4-4%s
14%
15
16'A
36
13
16%
14
15%
15
27
11%
15
12
14%
15'A
15'A
*15
14%
14%
*15
J-D
<
,
1
39%
36%
46%
10
37%
46%
36%
122
29%
36%
External
47
35%
1946
1960
1964
($ bonds of 1937)—
readjustment
1979
3%-4-4%s ($ bonds of 1937)—
External
conversion
extl conv
4-4%-4Vis extl readjustment
3%s extl readjustment
3%-4%-415ff
47%
47
46%
47
-1936
16%
13
47
*16'A
—
__
!~
44
70%
48
74
AWarsaw
(City)
1979
1978
1978
1984
external 7s——1958
A4%s..assented__
83%
89%
*37%
—
89%
84
90
53
56
6
51%
56
4
50%
57
5
89%
—
50
60
27%
38%
57%
65
57%
65%
2
—
43
—
1958
2
65
65
65
63%
65%
86
101% 103%
*102% 104
12
14%
116
7%
14%
398
7
14%
165
7%
13%
13%
J-D
13%
13%
A-0
13%
13%
A-O
*6%
A-O
*14%
A-O
*7%
10
J-J
*8
10
—
15%
J-D
7%
15
14
5%
7%
5%
10
9
9
J-J
15%
,
8%
10
9
11
9%
15%
15%
*14
J-J
70
15
-~
8%
70
70
1
50%
75
10
16
15%
34
8%
13%
16%
19
10 %
16%
14%
15%
5
8%
14%
6
9%
15%
13
10%
15%
66%
66%
12
62%
68
16%
M-S
M-N
13%
15%
J-D
12%
14%
15%
16
32
16
12%
J-D
M-N
15%
7%
23
F-A
15%
.15%
*6
A-0
F-A
13
8 Vi
12%
17%
12
11%
15%
*14
M-N
16
17%
11
16%
32
16
41
J-J
40%
28%
1
26%
30
J-J
40%
28%
2
28%
29
2
25
30
M-S
29%
2
20%
29%
J-J
29%
31
54%
64%
4%
.
16%
15%
—1967
1950
A7s extl water loan.—
1956
A 6s extl dollar loan
1968
§ A Secured s f 7s
1940
Serbs Croats & Slovenes (Kingdom)—
A8s secured external
1962
A7s series B sec extl
1962
ASilesia (Prov of) extl 7s
1958
A4%s assented
1958
Sydney (City) s f 5%s—
1-1955
A8s
,
12%
1946
-1968
_1966
1964
13
52
—
A-O
fund 4s
A6%s extl secured s f
66
*55%
A-O
(City of Brazil) 8s
13%
17%
16%
*16'A
89%
M-S
1946
1953
8s
Sul (State of)—•
A 8s extl loan of 1921
A 6s external sink fund gold
A7s external loan of 1926
A 7s municipal loan
Santa Fe external sink
17%
75
5
66
66
Rio Grande do
18%
17%
16%
1947
6%s_;
13
*16%
J-D
J-D
J-D
J-D
(City of) 8s
AExternal loan 7 Vis—
7
*16%
16%
A4Vis assented—.
APorto Alegre
17%
17%
16%
—1968
1950
1963
1961
-I960
17%
18%
16%
gold 8s
13
18
J-J
J-J
M-S
A 4 Vis assented
AExternal sink fund
15%
16%
16%
70
•
*90
M-S
49
*18%
16%
16 %
80
—
--
*60
66
M-N
J-D
1994
18%
17
A-O
mod 3'As ext to
Ext sec ref 3%s series B
APernambuco (State of) 7s__
Stamp
17%
20
*16%
*75
—
M-S
A-O
Queensland (State) extl 6s„
103% 106%
100% 101%
36
99%
16%
10%
75
1
M-N
49%
63%
*62
64
A-O
1955
A4%s assented
__
M-N
A-1963
1963
4%s
(Rep) extl s f 5s ser
AStamped assented 5s
APanama
AStabilization loan s f 7s
*70
31
80
15%
14%
e-
77%
71'A
57%
16%
80
9%
17
15%
J-D
M-S
extl s f 6%s
A Sec
71%
93
16
M-S
.-.1958
.—1959
1952
1959
ASec external s
31
91%
F-A
A-0
J-J
A-0
10%
14
12%
56%
F-A
(Republic of)—
A-O
72
69
*69
——
21
14%
77
M-N
A-0
A-0
Sep
assented
A6s
AExternal sinking
35
91
M-N
Feb 1961
Feb 1961
Jan 1961
Jan 1961
Sep 1961
M-S
15
-
72
——
115
„
69
— —
M-S
1943
1945
1945
4s of 1904_—
1954
4s of 1910
1945
6s of 1913 assent—1933
76'A
J-J
___1942
1960
1960
37
25%
93
M-N
1954
A Assenting
25
59
J-J
J-J
1942
8s
External s f 7s
A-0
J-J
stamped assented
(US) extl 5s of 1899 £
A Assenting 5s of 1899
59%
A-0
M-N
F-A
J-J
1968
5s
6%s
(Prov) 4s readjusted
90
J-J
1960
1952
1945
1961
1944
1967
30-yr 4s
(Dom of)
Canada
M-S
Mexican Irrigation—
70
F-A
A-0
M-N
1984
f 4%-4%s
A-O
A-O
70%
M-S
M-S
1976
1976
'■
20
1960
77
J-D
1961
1977
stamped
83
106
2
21
J-J
A—1952
1960
f 5s
91
Buenos Aires
A 6s
113% 113%
—
*14
(State Mtge Bk) 7s—1957
73
M-S
F-A
J-D
1950
extl 6%s
Irish Free State extl s
100.30
External
J-D
1957
1958
—
*16%
M-N
A4%s
*12
M-S
1952
paid:
(Republic) s f 6s series
AHaiti
98% 106
*23
A-0
A-0
(Central Ry)__
Brisbane (City) s f 5s—
Sinking fund gold 5s
Sinking fund gold 6s„_
•
A-0
—1964
1968
part paid
A Jugoslavia
13%
J-D
A 7s
103%
75
100% 107
61
A-O
1945
1949
1949
extl 6s—_
stamped
104.20
100.8
13%
M-N
1957
J-D
Greek Government—
103.31
13
M-N
M-.V
F-A
A-0
J-J
M-S
-1957
22
82 %
100.22
(Republic)
unstamped
7s
Helsingfors (City)
13%
A-0
1941
100
„
81%
100% 101
—«•
*12
12%
J-J
§ABrazilJ (U S of) external 8s
AExternal s f 6%s of 1926
AExternal s f 6Vis of 1927_
*101%
81%
101
•
M-S
J-J
.-1955
——.-1955
External
102% 102%
——
1967
7s_;
(Republic of)
102
103.31
—~
*22%
Argentine
Belgium
„
F-A
J-D
1948
Salvador 8s ctfs of dep
Estonia
104.24
104.6
2
37
37
J-J
A-0
f 7s series B
1969
5%s 2d series
AMexico
J -J
J-J
(King of Norway) 4s
AAntioquia (Dept) coll 7s A——-1945
Akershus
*99%
F-A
1969
1st series
5%s
\
101.17
A7s
41
18%
100
AO
102.22
1
100
12%
„
72
100
100.13
97
——
*102%
A-O
100.11
1
18%
*17%
M-N
9
100
100
100
J-J
M-S
34
101
104.10
105% 102%
F-A.
AGtd sink fund 6s
27
c.
J-D
1947
1948
1968
AGtd sink fund 6s
17%
63
Mendoza
1980
35
—1940
§A2d series sink fund 5%s
1940
Customs Admin 5%s 2d series
1961
City
Corporate Stock
27
33
§ADominican Rep
SAlst series 5%s of 1926
*101.17 101.23
Transit Unification Issue—
3%
22%
46%
AMedellin
York
New
28
M-N
27
42
103.27
103.31 104.3
103.31 103.31
18%
22%
A 6s
*100.6
34
26%
104.27
M-N
J-J
J-D
28
29
104.5
>104.3
23%
38
A
103.31
27
52
A El
100.8
29
J-D
76
101.21
100 8
29
25%
34
105.10
*103. 18 103.24
25%
3
•mm.
'
42
103.27
15
29
1
29
45
100.24
101.4
25%
31
27
31
101.17
100. 11 100.13
F-A
29
31
•
— -
36%
105.12
101 4
*26
M-N
39%
*105,,4
*104 17 104.25
High
42
*101.,9
*104. 18104.23
Low
44
104.6
103.14
100 .31 101.6
High
1
January
'
No.
F-A
102.18 103.14
102 .31 103
Range Since
Sold
J-J
107.2
103.6
*106 .23 106.31
105..7
107.7
105.24
•106 .28 107.4
105.25
106.17
105.14
*105 .6
Bonds
J-J
§*ADenmark 20-year extl 6s
External gold 5Vis
External gold 4 %s—
108.16 109.30
110.12
29
L
^,
1942
1955
1962
Cust Ad 5%s„_1942
108.28
[ 109.20
Friday's
Jan 15 1953
APublic wks 5%s
—Jun 30 1945
A Czechoslovakia (Rep of) 8s ser A.1951
ASinking fund 8s series B
__1952
107.30
2
109.29
debt
Sinking fund 5%s
105.18
el08.21el08.21
109.20
1949
_1949
1977
4%s__
loan
external
4 %s
106.9
9
105.18 105.18
(Rep of)
Rica
External
107.29 110.15
13
(Prov)
Cordoba
107.4
*110.24 111
1942
—1951
1944
Argentina 7s
7s—;....
Cuba (Republic of) 5s of 1904
r External 5s of
1914 series A
105,20
108.14
109.14 110.22
*110.19 110.27
107.4
or
A-O
104.20
104.13
107.23
104.13 104.13
110.14
ASinking fund 7s of 1927
Copenhagen (City) 5s
^
25-year gold 4%s
.
110.8
103.12 103.13
'
Home
it
109.18
*102.27 103.3
103.12
ASinking fund 7s of 1926-
114.14 116.2
107.21 108.27
107.21 107.21
Mortgage Corp—
Federal Farm
3s
>1-0
J-D
M-S
J-D
A-0
A-O
J-D
J-D
J-D
M-S
M-S
M-S
M-S
J-D
1947
1946
_1947
1952
1953
6%s
AColombia Mtge Bank
Treasury
Last
lie Price Bid & Asked
High
Low
115.9
*115.1
Period
Low
High
Low
Government
S.
U.
Interest
Exchange
Stock
Week Ended May 22
January
Sold
York
"New
v
Since
1
Range
Bonds
Last
Week's Range
Friday
BONDS
Week's Range
or Friday's
Sale Price Bid & Asked
Friday
BONDS?
58
A-O
M-N
M-N
7%
59
6%
7%
22
7%
7%
2
J-D
*5%
J-D
6 Vi
F-A
F-A
M-N
M-N
M-N
M-N
J-D
F-A
J-J
65
7%
4%
6%
65
7%
4%
4%
6%
5
4%
1
40%
65
71%
71%
*65%
74
74
76
*65%
80
71%
74%
53%
59%
51%
57%
52%
57%
54
60
41%
46%
*65% '
—
55%
56
32
55
55
5
*54
60
58%
*43%
58%
__
17
--
-.j>
F-A
6%
6%
5
4%
7
F-A
5%
6y8
17
3%
6%
•o'intift'SrAZ3fJ& V4SI'
Volume 155,
Number 4075
NEW YORK BOND
Stock
Friday
Interest
Exchange
or
Sale Price
Friday's
High
No.
Low
J-D
1948
M-S
1907
1st
4s
cons
with
5s
Carolina
104% 106
Carriers & Gen Corp 5s w w
1950
Cart & Adir 1st gtd gold 4s——1981"
105
J- J
104% 105
yl-O
60
A-O
1946
A-O
1946
93
A-O
F-A
Am
63
76%
51
64
59
Corp conv 5%s
-1949
,
*__
Wks & Elec
21
'65%
66%
80
105% 108%
59%
697b
Central Illinois
102
.102%
36
101% 104%
{ACent
97
95
97
102% 104
14
106% 107
90
93
101 Vi
J-D
106 Va
106% 106%
39
107
106% 107%
99
106
6s series A—1975
1950
J-J
104
M-N
91%
A-O
Armour & Co
1955
C
Jan
92
39%
68 %
Q-J
87
5s
34
68%
48
._
1995
105% 106
6
*89
—1955
40%
104% 106%
104
4s of
1905
1955
J-D
Conv
gold 4s of
1910——I960
J-D
Rocky Mtn Div 1st 4s
Trans-Con Short L 1st 4s—
Cal-Ariz 1st & ref 4VaS A
Atl Knox & Nor
1st
Atl & Charl A L
1st
1st
General
1st
4s
Second
J-J
101
101
Ref
1st
Ohio
&
Oct
1
111
111%
15
Dec
1
*103
103%
104% 104 %
100% 103
2
101
98 %
M-N
67
J-J
1948
J-J
30 Vi
J-J
98%
M-S
103 Va
44
94% 100
67
69
23
67
(int
36
10
Ref & gen ser D
Sep 1 1946)
Ref
& gen
AConv
(int at
due
F
ser
Sep 1 1946)
'
1%
30%
40
30%
31%
8
25%
-1996
—
due
Feb 1 1960
Pgh L E & W Va System—
Ref gold 4s extended to—1951
S'west Div 1st M
98%
98%
7
103% 103%
28
to
Jan
1
1947)
A-O
59
57%
59%
60
57
A-O
597a
58%
6074
J-D
26
26
29
228
26
39%
J-D
31
307s
33%
177
307a
44%
71
58%
MS
26%
25 7«
287s
103
257a
39%
MS
26
26
28%
153
26
39
F-A
20%
207a
227a
446
207a
42%
M-N
50
49%
51%
120
38
377a
41%
82
377a
487e
47
477s
12
44
5374
J-J
9974
99
9974
69
J-J
57%
57%
587a
33
48
59
1951
J-J
56%
68 %
8
49
59
45
48
106%
78%
78%
106% 106%
A-O
129
129
Del
Loan
1943
2%s_
debentures-
3.Vis
1960
.
3Vis
cons
Indus
-1948
5s series B
conv
II
A-O
1952
*4474
50
—
5
—
A-O
97
104
98
~5
104%
mtge 3 Vis series F_—'—1959
mtge 3s series G__—;—1960
F-A
100 Vi
F-A
103 %
12
100 % 101
mtge 3 Vis series H
10274 103%
1950
Blaiw Knox 1st mtge 3 Vis
4Vis
tABoston & N
Bklyn Edison
6
103% 105 Vi
10
100% 102
7
102% 105
79
75
90
85%
91
——1961
-I960
-1966
;
Bklyn Union El 1st gold 5s_„—-1950
1st
lien
&
ref
Debenture
6s
gold 5s___
1st lien & ref 5s series B—
31%
33
F-A
19%
19%
19%
40
14
107% 107%
5
107
70
*100%
72
24
198
102 %
101
102%
16
M-N
100%
100
100%
31%
16
J-D
77%
78
M-N
89%
90%
Buffalo Gen Elec 4Vis B——1981
F-A
Buffalo
43%
22%
108%
114
3(/o
modified
to 1946)
(interest
due
98% 108
72%
15
114
2
88% 105
113
:
88%
*
M-N
36
35
A Certificates
of
Consolidated
7%
76
___1952
5s——
1955
**
Bush Term Bldgs 5s gtd
-1960
;
A-O
82%
8
5%
deposit
Bush Terminal 1st 4s
.
A-O
35
A-O
80%
Canada Southern
A-O
79
Guaranteed
5s__
5s
July 1969
—Oct
1969
Guaranteed
F-A
For footnotes
gold
gold
see
4Vis
—-1956
4Vis___—1951
-
page
92 3/8
*
85
F-A
F-A
J-J
90%
95%
83%
87%
— -
76%
55
76%
78%
32
69%
68 3/8
69%
41
76%
68%
767a
76%
77
24
75
80
22%
34%
72%
-
23%
223/8 25%
120%-121
M-N
J-J
673A
65
-y
2;
120% 123
67
J-J
68%
37
22
36
45
33%
33%
J-J
61%
33%
31%
38
31
J-J
37
36%
J-J
673/4
31V4
30
36
307a
28%
34
*287a
M-N
$' v8?v^
J-J
16
7%
8V4
67
8V4'
17
7%
It
3
61%
70
8
J-J
2
y'
67
10 %
48%
4Vis
series
E
53
May 11989
J-J
47%
47%
48%
27
AGen
4%s
series
F
38%
-May 11989
53%
J-J
47
47
493/4
33
38%
53
F-A
15%
143/4
16
A-O
2%
2%
{Chic Milw St Paul & Pac RR—
A Mtge
gold 5s series A
_1975
AConv adjustment 5s
_Jan 1 2000
{Chicago & North Western Ry—
AGeneral gold 3Vis
1987
3%s registered
—1987
AGeneral
4s
1987
.-—_—:
registered
AStpd 4s
AGen
1987
Fed inc tax
5s
A 1st
&
ref 4Vis
&
ref
gold 5s
30%
753
32%
1%
M-N
——
3
44
20%
22
32
184
22%
34%
323/s
M-N
17%
32%
__
34
27%
——
33
31
31
31%
28
23
32 vi
32%
32%
48
227s
35%
M-N
32
31Vb
333/4
102
23
36
M-N
2274
34%
M-N
37%
37%
38
28
26
42
j-d
21
20%
217b
40
14%
24
j-d
203/a
20 Va
203/4
82
j-d
20 Va
20 %
20%
13/4
13/4
May 1 2037
—1949
Railways
1st
of
gen
s.
,
M-N
32
32%
.
3
1988
4s
F-A
j-j
55
Y.
34
137b
23'/a
74
14%
23%
2
151
i%
55
5
stpd
5s
1927
{AChic R I & Pac Ry
2%
40
557a
22%
25%
20%
22%'
:—1934
A-O
13
123/4
14 Va
476
9%
1574
1952
M-S
143/a
133/4
15%
163
10%
163/4
3%
deposit
;l
233/4
—
gold 4Vis
1960
3 Vis
M-N
1951
j-d'
121
3 Va
3 7s
10
j-d
j-d
54
54
j-d
623/4
62 3/4
63
M-S
50
50
51%
101
101
Income guaranteed 5s
Dec 11960
——
v;
26
1%
75
37a
-j
80
—w'
.
—
297b
18
71
76%
1951
—
18%
2
76%
1951
Memphis Div 1st gold 4s
Union
8%
320
23/4
51%
M-N
May 1 2037
C
part paid
Chicago
37%
M-N
May 1 2037
stpd
4 Vis
Certificates
2974
307b
93
1987
AConv 4%s series A
25%
31%
M-N
487a
1936
ref
{§ AChicago
M-N
46%
1987
stpd Fed inc tax
&
1st
46%
1987
inc tax
A4Vis stamped
gASecured 6%s
A 1st
J-J
1987
p
n
4%s stpd Fed
■
Y
2
47
15
63
68
11
50
54
55
.iiV 1
Station—
mtge 3%s series E__
41%
1962
Union Term
.1952
.1966
107
.
F-A
.1967
:
1st
24
79
104
2
11 1 %
,111% 111%
2
108% 108%
l6'7%
107% 108%
106% 107%;
85
107%
104% 108 %
107% 112 >'
111%
2
105
109%
8
103% 108%
103% 107%
.-
-.y'
2
J-D
110
110
108% 108%
mtge gtd 3%s series E—
.1969
F-A
110
.1943
j-j
Mali
1st
gtd 5s
V->. Y'l
...
*■;
-^Y1 /,
:•
*98% 100 Va
1093/4 1103/4
/
.
!l'
1
110
110
99
''
.
>■■1
102% 102 ns2
i
108% 109 Vi
7
•
26%
106% 108%
1
M-N
M-N
47
17
8
1077b 108%
96%
993/4
36
48
.1942
&
94
96 %
,
112
99 Vi
Cleve Cin Chic & St Louis Ry—
.1993
J-D
.1993
J-D
.1977
J-J
467a
; 46%
.1991
J-J
49%
49%
.1990
M-N
*67
.1970
—
impt 4%s series E—
J-J
1067s 10674
A-O
*99%
68
68
*82
86
48%
50
5:
68
?
76
85
—
144
86
.
29
53%
52%
70
7078
44%
44
7
74%
104% 1087s
108
108
12
24%
991/4 1023/4
6.
.1971
Ref &
81%
1077b
44
24 »/a
—
97
38 Va
39%
39
96 V*
.
105 Vi 1087a
19
943/4
gtd 4s—
General gold 4s
General 5s series B
106
34
1013/4
9478
94%
gtd 3%s D:
cons
1st
81%
1
;■
96%
M-N
3%s_——
10574 106 3/8
.
■
70
7%
M-S
cons 5s___
mtge 3 Vis
Leb & Nor
Cin
J-J
A-O
Elec
&
J-J
1952
.1943
{AChoctaw Ok & Gulf
Cincinnati Gas
J-J
1963
Childs Co deb 5s__
16
81
.1963
1st & ref 4Vis series D
63%
1989
89%
81%
88
907b
91%
36%
53
111% 111%
■107%
*80
—
J-J
38%
15
.
v111 %
*
22%
85
25
8%
7
t
121%
13
89
82%
10
J-D
M-S
118
310
46%
5%
79
107% 107%
F-A
Guaranteed
118
4974
16
107% 107%
J -J
Guaranteed gold 5s
-———1970
Guaranteed gold :4%S—„—
_1955
118
*112% 116
45
5%
107%
J-J
A-O
J-J
MS
—1966
Cleveland Elec Ilium 3s_
,107
gold
gold
103%
100% 104
4-7%
Clearfield
6%
61
A-O
Guaranteed
129%
101
27
45
13
80%
82%
Y 63..
J-J
California-Oregon Power 4s—1966
gtd 5s A—1962
Canad'an National gold 4Vis_—___1957
126
42
101%
J-J
1997
(conv)
Cin Wab & M Div 1st 4s_—.
St L Div 1st coll tr
gold 4s__.
cons
3
101%
.
47%
1st
——1934
127% 128%
101
101
J-J
Cin
37%
{Burlington Cedar Rap & Nor—
8 A 1st & coll 5s
102'% 103%
J-J
1st
at
-—1957
inc
114
110% 110 Vi
Buffalo Rochester & Pgh Ry—•
Stamped
127%
101
101
1971
A
1st mtge 3 Vis series F
Chic & West Indiana com 4s
100% 106
4
J-D
Niag Elec 3Vis series C—1967
103%
„
■M-N
;_1957
87%
104% 105%
4s series A——May 11989
gold 3%s series B__May 1 1989
4Vis series C
May 1 1989
Gold
76
32
1950
i
80%
8
Chic T H & Southeastern 1st 5s—1960
75%
70
70
M-N
1947
gold 5s_1945
cons
series A—
series
Chicago St L & New Orleans 5s
74
J-J
F-A
AGen
102% 102%
A-O
M-N
5s
& gen 5s series A
& gen 6s .series B
AGen
1st
Bklyn Union Gas 1st
8
M-N
1977
—May 1966
Chicago Ind & Sou 50-year 4s_—_1956
A
79
*89%
M 3Vis
A 1st
AConv
102% 102 Vi
*__
A
July 1970
Y Air L 1st 4s_
1955
86%
*103
1949
§ ARefunding gold 4s_
§ A Secured 4%s series A
105
M-S
ser
cons
103 Vi 1053/4
M-N
mtge 4s series RR—
AInc mtge
977b
F-A
1st gold 4%s series JJ...
1st
*__
96%
1967
series II
85%
104% 104%
F-A
1958
mtge
AGen
99%
*—..—1955
Boston & Maine 1st 5s A C
5s
103% 10374
J-D
%
127% 130%
99
97
Consol
1st M
—1949
series B
A
*98%
Consol
1944
95%
86
1949
4s
{AChic Ind & Louisville ref 6s A—1947
ARefunding gold 5s series B
^1947
ARefunding 4s series C
1947
9974
727a
83%
106% 1087a
3
J -J
Big Sandy 1st mtge 4s
—
15
129
Consol
1965
95%
J-J
J-D
1956
debs_
—
A-O
1950
i
ref
&
4s
J-J
Beth Steel
547a
47
Bell Telep of Pa
2%s
49
1951
ref 5s series C
78
AGen
J-D
Belvidere
Division
registered—;
AGen
J-J
1943
61
{Chicago Milwaukee & St Paul—
>
Battle Creek & Sturgis 1st gtd 3s__1989
Beech Creek extl 1st gold 3 Vis
1951
Beneficial
65%
J -J
stamped
1st &
627#
1950
ref 4s
4s
4s
.
3%s
Chicago & Erie 1st gold 5s
1982
Chicago Gt West 1st 4s series A—1988
AGen inc mtge 4%s
-2038
-1959
due
Bangor & Aroostook 1st 5s
Con
-1989
registered
AGen
95% 100
103% 106
(int at 3Vi%
Toledo Cin Div ref 4s A—
91
Chicago & Eastern 111 RR—
to
^——.2000
58%
87%
.
86%
33
(int at \% to
due
72%
49%
85%
A 1st
—1995
77%
68
86
1st
to
17*%
at
68
^ •§>
223
J-J
*•
due_
61
69%
56
73
35%
RR—
C
76%
14
107%
69%
1949
3Vis
99%
M-N
1952
1948
19%
13%
20%
98%
1946)
75
18
Illinois
104%
12%
!
51%
■
19
1st & ref 4 Vis
ser
1
1946
gold 4s_
cons
General 4s—
1946)
75%
52%
J-J
66%
July 1948
(int at 1% to
due
1995
107
19 Vi
107 %
A-O
83%
4%
33
139
16%
V,
107
1949
60
at
18%
AChicago & Alton RR ref 3s
77
(int
21
14
1989
175
1946): due—
Dec
1st
63%
gold
& gen
to
Div
& A
2d consol gold 4s
60
July 1948
13%
56
109% 111%
Ref & gen ser A
Ref
R
61
Stamped modified bonds—
mtge
impt mtge 3Vis D
—1996
M 3%s series E_
1996
Potts Creek Br 1st 4s_
J-D
mtge gold 4s;
1st
&
Ref & impt
B
Baltimore
75
65
16%
107
M-S
4Vis
A———1964
1953
62%
18%
A-O
1992
gold
4 Vis
1959
72%
15%
M-S
92%
112
18%
111% 112%
*15%
1950
103%
110
23
11
16
*14
(1938 issue)
General
103% 105VJ
4
:7%
15'/a
Chesapeake & Ohio Ry—
45
Refining deb 3s
40
70%
M-S
80%
4s
5%
'17%
J-J
F-A
y-.;
60%
17%
F-A
'-V'
20
3
15%
1950
93
99%
45%
10%
72%
(1935 issue)
102%
97%
104% 105,7e
110% 111
19
12
111%
A-O
U\
30%
92
23
x
16'
deb 4%s
f
24%
16%
4%
4%
*20
J-J
4%s
'77
mortgage
5
J-D
MS
deb
f
S
78
Oct
A-O
55
97% 100%
93% 97
55
4%
Champion Paper & Fibre—
M-S
Atl Gulf & W I SS coll tr 5s—
Atlantic
87%
3
15
12
53%
15%
1987
—1962
96%
28
4%
M-N
*99
J-J
May 11945
16
—1948
4s—July 1952
gold 4s
53%
A-O
Certain-teed Prod 5 %s A
.
Atlantic & Dan 1st gold 4s
F-A
M-N
1st ref gtd gold 4s.l949
Through Short L 1st gtd 4s_——1954
gold 5s
1960
Central RR & Bank'g of Ga 5s
1942
cons
unified
coll
N
J-D
.—1944
registered
ty-«:34
95
J-J
1987
99 Va 102 %
427#
983/4
•21%
85%
58%
106% 108
2
98%
J-D
J-J
4s
Vv,.
51
J-D
893/4
77
47
Chic Burl & Q—111 Div
1946
111 Vi
M-S
1944
10-year coll tr 5s
&
101
*99%
J-J
1962
gold 5s
4 Vis A_
106% 110%
"9
91%
101 %
101
►
J- J
1958
30-year 5s series B
Atlantic Coast
L
_1965
58
973/4
105%
81%
43
99% 100%
983/4
71
8974
103
/'• 47 '
107% 108
F-A
1961
62
6
893/4
High
108% 112%
41
,
85%
: f-a
_1987
Central N Y Power 3%s—
106%
88%
101
101
145
93
90%
J-D
Conv
977a:
58
/' M-N
Low
8
105 %
88%
M-S
January 1
NO.
53
84%
--
J-J
__1987
Guaranteed
69%
99% 100
63
108% 110%
M-N
—1995
,
109 %
A-O
Nov
893/4
J-J
62%
2
105% 106
1995
Adjustment gold 4s
Stamped 4s
Conv gold 4s of 1909
n
Range Since
Sold
70
97%
105
A-O
registered
A General
S
Atchison Topeka & Santa Fe—
General 4s
97%
1966
Central Pacific
108
103% 107
22
99% 100
105%
103% 105
8
12
40%
■67
J-J
(Del) _1957
3
103% 104%
F-A
4s B
series
104
109%
Light 3Vis
New
Eng 1st gtd 4sJ„
{ACentral of N J gen gold 5 s
>
107
A-O
:
__1959
AChatt Div pur money gold 4s-._1951
A Mobile Div 1st
gold 5s
1946
102
16
w
5s series C
103% 103%
107% 107%
M-S
4s
A Ref & gen
68
M-S
deb——1950
deb 4Vis
(Del)
65%
103 Vi
J-J
Anglo-Chilean Nitrate deb—
-1967
{Ann Arbor 1st gold 4s
:i
1995
Ark & Memphis Ry Bdge & Term 5s 1964
fund
71
-
w
ACent Branch U P 1st gold
4s____1948
{Central of Georgia Ry—
A 1st
mtge 5s
Nov 1945
§ A Consol gold 5s
—1945
A Ref &
gen 5 %s series B..-,.
1959
1057b 108%
105% 108%
A
sink
40
1966
conv
Cop Min
' 1961
71
1956
debentures—.
Type Pounders
1st
92
62
41
debentures—
Am Wat
1947
78
82
6
& Teleg—
debentures
Anaconda
1955
Celotex Corp deb 4Vis
20
American Telep
3s conv
Celanese Corp of America 3s
90
55%
M-N
1965
93
45%
M-S
4s
85
54%
M-S
Ohio
81%
45
1949
&
62
A-O
5Vas__.
Clinch
90%
69%
M-S
69%
62
A-O
Amcr I
1960
93
81
F-A
4%s
54—
J-D
Corp 4%s d^bs
1951
Allis-Chalmers Mfg conv 4s_——1952
Am & Foreign Pow deb 5s_2030
trust
55
*88
69 Vi
1
1950
Stores
3V4S
60
93
A-O
3Vis
22
*55
Collateral
{§ ACarolina Central 1st gtd 4s____1949
697b
J-D
Bonds
High
110% 111%
J-J
•
1954
103 Vi 103%
1998
Am Internat
1944
*103% 105%
1949
conv
equipment trust ctfs_
trust gold 58_—
Coll
J-D
!—-1950
G Chem
5s
98% 100%
Alleghany & West 1st gtd 4s
Allied
45%
62%
100% 101
102
106%
104% 104%
__
Friday's
Bid & Asked
1103/4
J-J
1946
105
1943
income--—.
or
J-J
deb stk perpetual
trust 4Vis
101
modified
A
12
4%
1946
*100
modified....
5s
47
*■100% 101 %
Pac Ry
Coll
6%s
*104
modified
5s
45 Vi
72%
deb
•104% 106%
1944
5s
65%
Northern
J-D
Albany & Susq 1st gtd 3%s
3Vis registered
Alleghany Corp—
Sale Price
High
F-A
assented—1948
warrants
Last
Period
J-D
B
Week's Range
Interest
1946
Alabama Power 1st mtge 3Vis
1972
Albany Perfor Wrap Pap 6s_——1948
6s
Friday
Exchange
1947
A
cons
series
Stock
Ended May 22
5s— 1943
<
10-year deb 4%s stamped
1st
Week
Can
1953
Southern
New York
Canadian
J-D
Express coll tr gold 4s
Gt
"
Low
„__1953
Stamped
Coll trust 4s of
Ala
r
Range Since
January 1
Sold
Railroad and Industrial Companies
A
i'hlW^ <L rifc tft- tV*,4
1985
BONDS
Bonds
Bid & Asked
Low
Adams
'
RECORD
Week's Range
Last
'
Period
Week Ended May 22
{Abitibi Power & Paper—
§A5s series A unstamped
Y ^ri
THE COMMERCIAL & FINANCIAL
CHRONICLE
BONDS
New York
'••
Cleveland & Pittsburgh RR—General
4%s series B
—1942
Series
B
3%s
—.
—1942
C
3%s
—-
»_1948
—
A-O
Series
M-N
gtd
gtd__—-,.-.I,
Series D 3 %s gtd
-
General 4%s series A
Gen
&
—1958
—1977
ref-4%s series B_i_— —1981
Cleve Short Line
1st
gtd 4%s__^ —1961
F-A
*89% 108
F-A
J-J
A-O
*105
1077»
105
;
•
73%
...
73%
2
.
105
73%
108
83%
1
:>■'
n\!-.
Monday, May 25, 1942
FINANCIAL CHRONICLE
THE COMMERCIAL &
1986
BOND RECORD
NEW YORK
Last
'
Interest
Stock Exchange
Week Ended May 22
•
Period
'
4Vis series A
1980
Columbia G & E deb 5s
May 1952
Debenture 5s
Apr 15 1952
1961
Columbus & Tol
1st
857a
3Vis series I
debs 3Vis_
1968
Conv
M
•
•';«
1961
-
Consolidated Oil conv deb 3Vis
tAConsol Ry non-conv deb 4s
1954
1955
—1956
——1960
debentures
3 72s
A Debenture
4s
ADebenture
:
4s
.-i
f 5s
Consumers Power Co—
1st mtge 3 Vis
1st mtge 3Vis—
1st mtge 3Vis
1st mtge 3Vis
1st mtge 3Vis
Crane Co 2Vis s f debs.
Crucible Steel 3Vis s f debs
Consolidation Coal
s
8
79
-1.
1950
1955
1949
1st gold 5s^;
Gas
Co
21
26
28Vji
109%
106
109% 109%
30
46
109% 110 %
102% 103%
13
Collateral
77
104%
104% 104%
27
104
103%
103% 103%
20
106%
7
102% 103%
107
32%
32 V*
1
32%
33
T02V4
106%
106
103
467a
315
3674
483/4
15%
478
874
157a
14%
147a
119
,32%
32'/a
23%
J-J
■
101%
15
101% 102
88 y4
88%
34%
23%
33
80
90
1
107
y4
1
13
106% 106%
>107% 110
100 vi 100 y2
13
927a
85
86
-
—
wfc'o*
42%
53%
393%
49%
76
M-N
457a
44%
4674
148
J-J
44
44
44
383%:
46%
M-N
45
45
47 3%
85
39%
50
1955
M-N
54%
54
567a
36
4874
5874
1966
F-A
43%
43%
46%
225
3872
49
1950
J-D
71
83
1951
J-J
^
gold 3s
58
J-J
1951
1951
1951
gold 3s
1
*80
(
9
<•
3
64
49%
54
79
56
85
63%
63%
F-A
3
51%
»
'
——
4674
43
48%
51%
J-J
40
3974
43
J-J
57
\r
53
79
*41
J-J
58
57
''
— -
57
563/4
..
:
F-A
94 y4
18
92
17 O—
A—.—-1963
J-D
48
64%
43 %
JAInd & LouisvilleAlst gtd 4s..-—1956
J-J
1986
Inland Steel 1st mtge 3s series F—1961
M-S
Inspiration Cons Copper 4s__—_1952
1947
A-O
262
403%
527a
150
37 7a
477a
70
78
747a
*22
243A
103%
27%
207a
1087a 1087a
*108% 110
A-O
14
103% 1047a
105%
103
*101 s/8 10274
101%
A-O
Interlake Iron conv deb 4s
74
*71%
J-J
Ry 372s series B
Ind Union
94%
50 y2
42
45%
48
J-D
1st & ref
99% 101%
94%
70
—«•
527a
1st ref 5s series
Joint
107%
106
*30
4Vis series C_
i—1963
Ind 111 & Iowa 1st gold 4s—
1950
108%
107% 109%,
..
M-S
90
89
/
108% 110%
10
110
110
106%
89
*86%
50
111 Cent and Chic St L &
109 y4 109
*86%
A-O
507a
Gold 3Vis—
108% 109%
.
J-J
84
86
92%
Springfield Div 1st gold 3%S—__1951
Western Lines 1st gold 4s——1951
34%
993/4 1023/4
12
92%
J-J
A-O
St. Louis Div & Term
34%
26
107% 107%
88%
120%
gold 4s_—.„—__1953
trust
Div" 1st
Omaha
102% 105%
1
45
119%
: 45
457a
'
A-O
Louisville Div & Term gold 3728-1953
A
105% 108
11
357a
1952
1955
—1952
40-yeftr 47tS-.
i_.\—
Cairo Bridge gold 4s
Litchfield Div 1st gold 3s
102% 104
106
877a
102 3/4 10474
*117
F-A
LJ.
Refunding 5s__
106
987a 103
61%
3
,
42%
407a
40 3%
M-N
,
2%s series A—1981
Refunding 4s_—^
Purchased lines 372S_.
108% 109%.
4
109%
109 Vi
gold 4s*
Collateral trust gold 4s__
—
119
*108
High
122% 126
14
877a
103
103
— -
,
J-D
.
—.'.i—1951
1st gold 3Vis
1951
Extended 1st gold 3%S—i-—^1951
1st gold 3s sterling——,
1951
1st
108% 110%
21
107%
107 Vi
Low
1027a
18672
877a
M-N
,
Hudson & Manhattan 1st 5s A
1957.
AAdj income 5s
.—Feb 1957
Illinois Bell Telep
.
57
January 1
No.
107%
106
—
*■100 J/2
M-N
M-N
M-N
M-N
M-N
A-O
J-D
1965
1967
1970
.1966
1969
Sold
High
102
102
M-N
$§AHousatonic Ry cons gold 5s—1937'.
Houston Oil 4 7fS debs
—
—1954
Hudson Coal 1st s f 5s series A___1962
Hudson
78% 101%
83%
Range Since
Bonds
127
*126
-
/
A-O
L—1944
(
»
102
85
85%
82%
J-J
>lst cons gold, 4 7a s—1999
Co 1st mtge
(R)
y
24%
110Viill0%
J-J
.
Hoe
84% 102
28%
26%
J-J
J-J
>
debentures
15
49
26%
J-J
debentures—
3 Vis
90
Friday's
or
Low
Illinois Central RR—•
A-O
A-O
A-O
J-J
J-D
1946
^1948
1956
1958
1951
3 Vis
2074
857/a
8174
■"110 '
York—
debentures
3V4s
88
Hocking Val
7
'•
,
Consolidated Edison of New
80%
*109
*817a
J-J
J-J
F-A
.—1951
i
103%
102
12
..85
J-J
A-O
1943
—1951
Riv 1st 4s
Conn Ry & L 1st & ref 4 Vis
Stamped gtd 4 Vis—
Conn Riv Pow s f 3%s A—
Pasump
&
Conn
~5
102
'>78%
82%
J-D
1958
—
667/e
•*84%
=
:
mtge
66%
58%
19
19%
May
Apr 1 1969
deb w w
Income
Commonwealth Edison Co—
24
37
8174
F-A
—
1st extl gold
Columbus & Sou Ohio El 3 Vis
687/a
62
102
A-O
M-S
1st extl Js——---1955
A Commercial Mackay Corp—
67%
102
M-N
4s—1948
1970
Debenture 5s
Last
Sale Price Bid & Asked
H
84
71%
75%
11
8172
*103 72
:
A-O
J-J
Columbus & H V
Period
High
Low
No.
High
61
67%
61
1
A-O >
M-N
1970
mtge
income
A5s
AColo & South
Interest
Exchange
Week Ended May 22
.
.
*
80%
A-O
A-O
A-O
J-D
F-A
Term gtd 5Vis1972
1st S f 5s series B gtd—-.——.,.,-1973
1st s f 4Vis series C——>'
1977
Coal River Ry 1st gtd 4s
1945
Colo Fuel & Iron gen s f 5s
—1943
January
Stock
York
New
Since
1„.".
Range
Sold
Bid & Asked
Sale Price
Low
Cleve Union
Bonds
Friday's
or
Week's Range
Friday
BONDS
Week's Range
Friday
BONDS
New York
-
99% 102%
101% 101%
9974 101%
'
receipts
A Cuba RR 1st 5s gold—
1952
A Deposit
receipts
—
A7Vis series A extended to——1946
ADeposit receipts
——
A6s series B extended to
1946
A
Deposit
35
30%
—
36
11
32
71
—
•33%
J-D
A-O
1955
35%.
25%
A
30%
31
3
23%
33
6
86%
J-J
J-D
1st
Dayton
Aug 1955
1935
ADes Plains Val 1st gtd 4Vis
Detroit Edison 4s series F
1947
+
68
10%
Gen
Gen
mtge 3Vis series G
1966
ref 3s series H
—1970
Mackinac 1st lien gold 4s 1995
ref
&
&
Detroit &
17
177a
3Vis—1962
Miss & Iron Range Ry
Dul
37a
58
353/4
56%
38%
57%
14
7a
17a
1%
3%
187a
264
117,
19%'
574
2
4%
6Vi
J-D
48%
48%
24
43
537a
96%
96%
5
93
967a
86%
88
40
537a
377a
52%
K
'
167a
17%
574
*11072
103 Vi
'
-
Ref
109% 111
'
-
:
v
40
17%
85
95%
«...
23
«N.«.
85
8
102%
102 7/a 102 7/a
8
10? Vi
1077a 1077a
1
J-J
104
31
62
62
637a
19
59
647a
J-J
68%
677a
70%
46
67 7a
74
10874 1097a
34
J-J
*112%
*84%
90
i——-1961
J-J
*90
95
J-J
*8372
89%
—.v_i
•
i
4'/2S, unguaranteed.
ref
&
—1961
/.
1st cons gold 5s
1995
1950
Ed El 111
Elec
(NY)
2Vis debs
Auto-Lite
1956
-
1970
Elgin Joliet & East Ry 3y4s
5s
stamped.
A-O
1957
A Gen
2015
mtge inc 4 Vis series A
Erie
Y &
AN
Ohio
RR
1st
Div
extl
-
-
.1939
A-O
1942
A-O
70
62
I
,
J-J
43
M-N
106
1971
»
M-S
*943A
:86%
93%
385
-46%
7 5
106
1953
106
97
9774
—
56%
M-N
1943
106 7
106
J-D
1961
deb
tA Fla Central & Peninsular 5s
J-J
JFlorida East Coast
A
1st 4Vis„1959
1st & ref 5s series A
ACertificates
of
97 Vi
105% 107%
3
9774
69
96%
•
*62
88%
J-D
643%
M-S
10%
10
15
66
57%
A
70
-107a
212
8%
30
7%
11%
37a
3%
10
*■♦3%
33/4
deposit—
at 3%
(Proof of claim)
ACertificates
Food
of
1982
Machinery Corp 3s debs
Francisco
M-N
deposit
1956
Sugar coll trust 6s
1956
101
J-D
.73.
M-N
2%
1%
gold 3%s
1st
J
4
-
3%
1
100.
2
"
69
101 y4
■>
83
96
J-J
96 '/
v
967a
19 '*
J-J
*__
29
J-J
—1946
M-S
*88
5s_„1942
J-D
7—
70
100%
5
83
100%
10074
100% 10074
1
97
J-D
.*91
103
*
•
&
4 Vis
Northern
Great
1st
Oswegatchie
series A
1961
;
21%
'
Lehigh Valley
N Y 472s
31%
General 5Vis series B
—1952
J-J
General 5s series C
1973
j.j
General 4Vis series D_______„
1976
J-J
Lehigh Valley
General 4Vis series E
1977
General
*
mtge 4s series G
Gen
mtge 4s series H___
Gen
mtge 3%s series I__
4s
stamped
77
J-J
r
1946
J-J
96
-1967
J-J
76%
A Debentures
&
ctfs
Nor
92%
1950
A-O
Gulf Mobile & Ohio 4s series B
1975
j-j
70 Va
AGen mtge inc 5s series A_j
2015
J-J
51%
1st
&
&
97%
84%
89
105
16
84
877s
977a
125
95%
9974
9672
41
93%
977s
787a
23
75
79%'V
63
65
'
974
2
92%
2
91
95%
9072 -91%
,
31
87
92%
'
68%
74%
:
51
59
92%
6974
707a
517a
54
"13
.>•; 36
&
-7%
ref
Term
M
s
5s
stpd
f 4Vis
Gulf States Util 3Vis series D
For footnotes
see
page
1989
:
-
5s
1952
1969
J-J
*897%
A-O
1033/4 1033%
M-N
109%
-
10974 110
~2
9
99% 100
79
75
827a
72
66
693/8
58
62"%
58
68
64%
57
6274
58
667a
633/4
>61
i 4874
50
48 3/4
51
J-J
40 3/4
;
Merles A-i——1962
>
—1950
—1949
—1949
A-O
M-S
M-S
M-S
ALong Dock Co 33/4S ext to
Long Island unified 4s__
'
Guaranteed ref gold 4s—1
4s
stamped
1
/
•
Louisville
Gas & Elec 3 72s_'
109% 111
Lou
(P)
Co
deb
7s
debenture—!•_
&
Jeff Bridge Co
,
1949
Louisiana
Lorillard
206
37
38%
1227a
37%
26
36
29
57%
59
117
40 3/8
387,
31
37
4374
1057a
112% 112%
122% 122%
1057a
2674
6
152
347/a
.105
11274
25
'
:
.
;
32
,/? 46
517/a
61/
7
114
117%
5
104
106
.4
11
112 74 115
121% 123%
*104
■
v
53%
M-N
102% 105
92%
t
,
48%
34
117
J-J
A-O
F-A
:
5772
A-O
A-O
71
32
*3374
<
51
513/4
33
347a
;M-N
42%
32
•
M-N
50%
28
307a
327a
M-N
1
1951
1965
,.1955
1944
1951
1944
1951
&-Ark 1st 5s series A—1969
92%
„
debenture..——
Little Miami5 gen* 4s
5s
—1961
80%
*59
F-A
'
10%;
Ship Island RR—
Gulf States Steel
Ry ext 5s
1st 50-yr 5s
gtd—
Libby .McNeil & Libby 4s—
Liggett & Myers Tobacco 7s
Lex & East
84%
63
677a
o
F-A
stamped
Leh Val Term
96
;"i- 7672
79%
96J/4
♦
,
V
96%
91%
Gulf
94
19
974
A-O
mtge 5s series C
100
9
84%
♦5772
1950
1st
29
9572
84
Feb
5Vis B
105% 1087s
;
•
Feb
B
1st
84%
:
67
943/i
82
80
—
.
—2003
2003
5s stamped modified..——^-2003
:
-96%
J-J
•
1
21
:
*7874
F-A
modified—
472s registered——.
472s
•2
80%
80
8
77%
96
78%
—-
2003
modified—
4$ registered—i.———2003
8474
r
40 %
70
*99%
-—1950
ext
"
84%
.—1946
AGreen Bay & West deb ctfs A
Gulf Mob
94%
,
35
13
7874
96
.
RrL*
'
91
9478
1003% 1017a
101%
,
84
-x
-93% 103%
80
,
97%
88
767a
—
4074
773%
F-A
1974
5s
98%
—
'1077a 1077a
J-J
95
80
12
773%
"
Gouv
85
5
80%
40
■;
——1964
stamped-—'—
& ref sink fund
20
.
44
•1027a 10374
8574
6
97
80
*75
A-O
M-S
stamped.—:—
———1974
Leh Val Harbor Term gtd 5s
.1954
101
Grays Point Term 1st gtd 5s__—1947
'•
90
w
19
J-J
1964
—
14
9
"19
J-D
w
72%
10074 10074
'
—1956
1st 4Vis_„
5s
95%
38
:
'
Goodrich
F)
72
23
5s
J-D
t§AGa Caro & Nor 1st ext 6s——1934
(B
56
823/4
J-J
—
5s
Gotham Hosiery deb 5s
7
83%
79%
Dec
•
1st
Berg Co cons 5s
1949
Gen Steel Castings 5Vis_„—1949
$ A Georgia & Ala Ry 5s
—Oct 1 1945
98%
80
J-D
.
1975
1965
Lehigh & N. Y 1st gtd gold 4s-____1945
Lehigh Valley Coal Co—
5s stamped..!..
1944
1st &. ref sink fund 5s____1954
5s
stamped—
i__1954 ;
1st & ref sink fund
Gas & Elec of
—:
income, reg
mtge
•.
101
74 ';
987a
J-J
J-D
1947
1997
-1997
to__—r
& Mich Sou
Lehigh & New Eng.RR 4s. A__;
JFonda Johns & Glover RR—
§A2-4s
99
.
.
Lehigh Coal & Nay s f 4 72s A„„1954
Cons sink .fund 472s series C
_'1954
J
12 Vi
974
•
101
97
Lautaro Nitrate Co Ltd—
97%
9 74
.1974
a
93
58-65%
'ii— -
66
"5
80
F-A
Western RR—
registered_^_____
37ss
1956
Rub 3s
&
„
1007a 101
80%
t
F-A
1942
Lake Erie &
•
Tire
997a
98
*98%
101
F-A
.1942
5s extended
Firestone
1%
3/4
108
96
F-A
.1960
106%
Lake Sh
Fairbanks Morse deb 4s
997a 102
16
2%
*1%
«»**
104
117
48 3/4
4772
•
103 7, 105%
99% 100
9972
M-S
'
,
15
913/4...
90
90 %
'..
1057a
105
f
1947
1st 4s
3Vis
mtge
J-J
J-J
1995
M 4s series B
cons
•-
1057a 1063/4
1047a 1047a
M-S
JAKreuger & Toll 5s
Co—
1st cons M 4Vis series A
1st
58%
156%
1
v
Railroad
Erie
106%
101
*106% 107
M-S
103 is 104
i'
687a
687a
A-O
83%
—
99% 100 Vi
8
997a
*1037a 104
M-S
83
*101% 103%
372s
—1961
Foundation13% notes—L-^.1950
ctfs—.i—.1—1959
Kresge
.
86
~
150
997a
J-D
;
1965
.
*—
99% 103
13
997a 1007a
99 Vi
M-N
J-J
1965
1st 5s—
El Paso & S W
;
109
108
A-O
1948
43%
80
'
J-J
.1——1954
Koppers Co 1st mtge
Ry Minn Nor Div 1st 4s
Tenn Va & Ga Div 1st 5s
407,
—
J-J
1st 5s
6V2S—i
"2
A-O
6s—i—■—1997
1954
Kings County El L & P
1st
East
1117, 1117a
43
J-J
108 7a 110
—
43
Kings Co Lighting
East
1097a
J-J
.,—1960
CityvTerm ,1st 4s
Plain
108% 109%
17
109 7a 1097a "
109%
A-O
.—1950
Apr 1950
1st, gold 3s.
Kentucky & Ind Term
Stamped
31
15%
5
J-J
106% 107%
2974
67
45
472Si—_1961
—1961
102% 103%
85
■
46
45
deposit——
of
5s__-
impt
92
44
44
A-O
Kentucky Central gold 4s_—.——1987
20
35
37
&
Kansas
101% 106%
28
1037a 104
r
108% 111 %
7
11074 1107a
110%
ACertificates
Kansas City, Sou
*86
A-O
gtd gold 4s—1990
$§AK C Ft S & M Ry ref gold 4s_1936
Kanawha & Mich 1st
87
78%
*85
*20
—1965
1st M 3Vis-
311
670
1
41/4
3
J-J
Duquesne Light
1%
*33
t§ ADul Sou Shore & Atl gold 5s—1937
56%
5774
1
19%
18
A-O
1950
Chemical deb 2Vis
Dow
10%
4
M-S
1961
.
11
3%
J-D
M-N
1995
Second
gold 4s—
Detroit Term & Tunnel 4 Vis
A
54%
55%
1
J-J
1959
—1961
Steel 3J/4s
& Laughlin
Jones
19%
17%
A-O
M-S.
J-D
J-D
1965
5678
5678
M-S
4s——1951
& Clear 1st 4s
James FrankI
18 3%
J-J
M-S
JADes M & Ft Dodge 4s ctfs—.
107
167a
3
907a 101
F-A
1955
-•
96
85
11
101
J-J
4'/2S—-1952
5s——.
100
100
F-A
1947
* 105%
104
1
17
F-A
A-O
Assented
A
104
—
1067a 1067a
F-A
(subject to plan)
^
A Ref & ithpt 5s series B—. Apt 1978
JADenv & R G W gen 5s
1047a 10572
29%
106% 107%
—
*105%
J-J
3
18%
21%
20
95%
95%
M-N
—1972
11%
61%
51%
180
57
*107%
J-J
103 7a 105
104% 105
t A Iowa' Cent Ry 1st & ref
101% 101%
101 %
55%
55 Vi
M-N
J-J
J-J
J-J
1943
Delaware Power & Light 1st 4Vis—1971
1st & ref 4Vis
1969
1st mortgage 4Vis
1969
}§ADen & R G 1st cons gold 4s_—1936
§ AConsol gold 4Vis
—1936
1st & ref 4s
Delaware & Hudson
7
M-S
& Teleg deb gold
Int Telep
103% 106%
20
105% 105%
*—
31
J-J
253/8
A-O
1955
1st 5s B_<
lien & ref 6%s„_
■—
"Debentures
—1970
UniOn Ry 3 Vis series B—1965
27
5s series A & B—1947
Paper
Ref sink fund 6s series A
D
Dayton P & L 1st mtge 3s
39
1037a 104
Int Rys Cent Amer
105 Vi
1772
93%
Internat
2%
187a
11
8
17
25%
.
J-J
Hydro El deb
20%
174
6
16
17
J-J
C—-..C——1956
6s_
1944
1st gold 5s series
Internat
117a
144
17a
17a
1%
A-O
19%
17
17%
J-J
A-1952
Adjustment 6s series A_„ July 1952
A 1st 5s series B
—.1956
A
33
91
! •
t AInter-Great Nor 1st 6s series
32%
23%
,29
—
91
91
28
31%
*33%
J-D
f 31%
receipts
Curtis Publishing Co 3s deb
39%
—
31%
i 30 Vi
ADeposit
33%;
30
11
35
33 y2
.A'';?:/■
.
23%
2
37%
.37%
J-J
37%
26
30%
35
J-D
1942
Northern Ry 1st 5 Vis
A Cuba
'
'
•
gtd 4s
A-O
F-A
J-J
M-S
—1966
4-1945
-
'■
M-S
1
|
97
1
94%
95
19
94
(94
94%
6
112%
•2
112
115
6
120
12272
26
79
84%
/
•112
v.
5120
121 V\
•
827a
121%
83
92
913/4
98
973/4
10972 109%
109 72
10574
913/4
95
95
'•9472
••f
1023/4 103%
*103%
.
95
.
3
10874 110
1053/4 1053/4
4
105
106
>
.Volume 155 v*Number 4075
THE
COMMERCIAL/& FINANCIAL CHRONICLE
1987
NEW YORK BOND RECORD
BONDS
New York
Stock
Friday
Interest
Exchange
Week: Ended May '22
:
Week's Range
or Friday's'
Last
Period
Sale Price
LOW
Louisville
Nashville RR—
&
1st
&
ref
5s
1st
&
ref
4 V2S
1st
&
ref
4s
v
series B_l
series
102
A-O
A-O
2003
Low
1950
J-J
1960
J-J
83 %
103
8
94
95
t./ 24
93%
88'A
V-
87%
84
83
86%
100
7
16
104 %
103% 104
107
107
:;--*M5j
101
107
2
F-A
103% 104
15
104
M-S
"81
M-S
0
South Ry joint monon 4s__——1952
Atl Knox & Cine Div 4s
—-1955
J-J
Mem
Div 4s
84
."
v
89 %
1st
107%
'
series
1974
C
83
A-O
77%
M-S
-_:.1978
64-V
63%
66%
A-O
98%
99
98%
90 y2
21
2
86
91
.1965
A-O
1st
Manati
3-D
50%
M-N
48
Sugar 4s sink fund__Feb 1 1957
Manila Elec RR & Lt
f 5s__
s
52'/a
33
49 Va
21
48
M-S
M-N
RR (South Lines) 4s_.
1959.
JgAMan G B & N W 1st 3l/aS
1941
Marion Steam Shovel s f 6s___—1947
*20
*
*27
lien
&
ref
3%s
53%
98%
99% 100%
63%
64
21
78
20
.—1965
series
A-O
107%
A-O
107%
1966
Gas El Lt H & Pow
gold 5s
1948
J-D
Purchase money gold 4s——____.1949
99i/a 101
-V
4
79%
N
40%
98
•
116
116
19
60
116
Harlem
1946
M-N
2000
M-N
M-N
56
101
Y L E
&
W Dk & Impt
1973
5s.r__„1943
79
M-N
79
•
58%
80
107% 108%
119Vi.
"111% 115
7
60
80
103% 104%
57%
30
62
12
103
1
58%
J-J
83
116
3
>100
1973
gold 3'/2s
>'
1
111% 111%
64
71
106% 108%
3
103
52%
59
56%
100
100%
97
3
98%
&
Lack & West 4s series A
4%s series B._
1
30%
98
Y
N Y
•
— —
107% 107%
107% 107%
F-A
N
——
99%
98
«
93
F-A
Erie RR
f § AN Y & Greenwood Lake 5s._
55%
43%
89
*98%
A-O
St
99%
85%
47
.
41
A-O
Stamped
79
— —
67
J-J
11953
Manila
§AMarket
86%
50 Vt
3-D
69%
96%
A-O
E__
.
85 Va
1945
62%
9
1951
& Erie—See
83-
323
"
1947
_N Y Edison 3%s series D
108% 111%
High
.73
,
98%
N Y
-I960
mtge 4y2s series A
Low
53
....
M
Gen
^ January I
No.
79%
J-D
N Y
Maine Central RR 4s series A
77%
-1947
to.__
Conv 5% notes
v
Range Since
Sold
High
^——-1950
3y2s extended
mtge
debentures—
Bonds
Sale Price Bid & Asked
>
A
N Y Connecting RR 3y2s A—'
,'N Y Dock 1st gold 4s
106%
80
109 Mi 109 %
M-N
series
Ref 4%s
6s
110 %
89 %
Week's Range
or Friday's
Last
Period
Chicago & St Louis—
5lis
105;,
104
-1946
St Louis Div 2d gold 3s
-1980
Mob & Montg 1st gold 4%s__._:.1945
Paducah &
98
York
Ref
.
■
Interest
Low
93%
83 y4
\
■
Friday
York Stock Exchange
Week. Ended May 28
-
High
87%
A-O
Unif mtge 3las series A ext
Unit mtge 4s series B ext
102 1
94 %
A-O
2003
D
'High
No.
New
r-
New
2003
1st & ret 33/4S series
series
Range Since
'Jaduary 1
Sold
.
-
____2003
G
bonds
Bonds
Bid & Asked
,
64
103%
JN Y New Haven & Hartford RR—
Q-A
87%
Q-A '
ANon-conv
McCrory Stores deb 3y4
1955
A-O
103%
McKesson
104%
&
Robbins
3VaS
40
103% 103%
J-J
1968
M-S
Metrop Wat Sew & D 5'/as
t§AMet W Side El (Chic) 4s
1950
A-O
60
1938
F-A
1951
M-S
M-N
—
60
deb
4s
1947
M-S
deh
3lis."
31
.1947
M-S
19%
35%
deb
3y2s_'
30%
33%
17
—1954
20%
A-O
34%
317/a
31
33
51
J-J
18%
34%
33
1
32
34%
77
19
36
M-N
32%
31%
34%
35
19%
105%
ANon-conv
deb
4s
104
14
*my4112
90
103
105%
ANon-conv
deb
4s
*9%
1952
68%
3
104 y2 104 %
1956
Metrop Ed 1st 4y2s series D
—
—
90
ANon-conv
A Non-con v
Ry 7s series A__Apr 1940
(Stamped mod) ext 5s.._
1945
2
41
certificates
AConv
64%
4%
6s
deb
§ACollateral
9
.1956
;_i
ADebenture
109% 111%
—
-.1955
____
Jack
1st
Lans
gold
&
Sag 3y2s
3'/aS
69
31%
30%
31%
1948
trust
J-J
39%
38%
41
1940
A-O
6s
Ref & impt 4l/2s series C
Michigan Consol Gas 4s
JSAMidland of N J 1st ext 5s
1979
.'
J-J
1963
2
23
62%
A-O
$§ AMilw & Northern 1st ext 41/2S__1939
A§Consol ext 4>/2s
62%
105 V2 105%
M-S
1940
54
J-D
1939
63
JAMilw Spar & N W 1st gtd 4s
1947
M-S
1941
J-J
1934
M-N
ref
&
gold 4s
1949
M-S
Q-F
t§AM StP & SS M
§ A 1st
consol
con
A
ref
&
6s
25-year
A 1st
18
2
2 y2
6%
1%
4'/8
1%
ATerminal
1%
J-J
12%
12%
1938
J-J
13 3a
13 y4
13%
39
9%
12%
13%
30
9%
N Y
14%
J-J
14 y4
series A
1946
5%s
J-J
'
1949
6
572
9%
14%
6y4
22
%
J-J
iy8
10
%
65%
65%
11
60%
M-S
1978
& ref 5VaS series B
13%
65%
JAMo-Ill RR
Kan
1st
& Tex
5s
series A
.1959
J-J
98
98
98
gold 4s—
1st
.1990
J-D
40%
39 y4
41%
3Va
1
Prior lien
5s
lien
Prior
series
ACum
4>/2s
A
6%
Y
West
30%
adjust
5s
series
A
J-J
35%
35%
37
24%
J-J
29%
28%
30%
61
20
33%
J-J
31%
30'/2
32%
289
21
35%
17%
15%
18%
421
Jan 1967
A-O
7%
22%
North
1965
AGeneral
of
F-A
&
ref
1975
of
M-S
29'/a
_
G'_
3
M-S
depo
series
5s
29 y8
1978
3
29%
—
M-N
ref
;;
-29V4
21 y8
48
29%
291/4
iy8
1981
F-A
55
%
21%
1991
M-S
29 Va
30%
28%
*88
—
—
1%
90%
32%
80%
49
"9
45%
11
4
.1965
1965
A-O
108
107 »/2 108
20
104
32
&
Essex
M
Constr
ref
&
5s
1st
5s
M
1st
3%s___ .1966
ext
__
T
T
&
J-D
*
—
J-J
J-D
M-N
.1955
1955
3y4s_.
1968
1st gtd 5s
.1947
1947
37
M-N
86
36%
40%
40"-
35 Is
J-D
104%
86
--
2000
A
4'/2s series B_
States
1951
.1955
1955
gtd 3>/2s
series
Filel Gas
Mutual
Nat
Dairy
Nat
Distillers
National
Prod
3V4s debs
35
1
38%
of
J-J
72%
A-O
24%
O-A
England
tANew
42%
32
37%
'112
35 Vs
84
31%
5
116
F-A
64%
66
14
64%
1st
States
102
104%
119
112
113
4s
Power
101% 101%
100
mtge 3y2s
A-O
103'/a
10
92
92%
4
M-N
Q-J
—1948
—
—
5s
1945
J-J
72
71
72
11
56
1
J-J
70'A
68'/a
70 V*
28
56%
70%
1952
J-D
123
J-J
118%
123%
J-J
1st ref &
A 1st
5s
series
series
1st
4Vis
A..1952
1955
gtd 4s__.—_1953
inc
n-c
5s._l_1935
109
Q-A
5Vis
ACertificates
78%
79
107%
79
*106%
J-J
75
A~-0
F-A
47%
49
-
47%
■'
48
F-A
46
45
.1954
A-O
51
49%
—~
Line
82
45
54%
327
\ 59%
J-J
69%
54
54
56
15
48%
J-J
59%
54
57
,.1967
41
5
'
•
110%
——
*102'/4
--
J-J
48%
108
59%
109%
109% my4
102% 102%
8%
7%
8%
2
107% 107%
39
107
10
108 y4 109%
107%
M-S
*109
109 %
J-J y
109%
1st
J-D
108
108
108
J-D
1943
F-A
2
102 V* 102 ii
*103%
5s
1945
M-N
105
1946
J-D
1946
J-J
12
107% 107%
gold 5s
A
1962
1964
1961
105
1
102% 105
10
107
J-D
111
108%
110
2
110
112%
111
111
1
111
112%
105
J-D
mtge 3%s series H
108%
102 y4 103
110
J-J
ser
107
102% 104%
gold 4s
mtge 4J/2s
CO
108%
108% 110%
109 y4109%
1966
..1946
1st
CO
M-S
J-J
46
49
ref
I
1
49
i
46%
1
39
47%
(
40%
45
f
38
52%
i
-34%
38
18
'
'
-
61
/'
10
37
-v.
50
J-J
f.
1946
*100
'
F-A
se
—
U.
49%
48%
50%
103
s
48%
■
N Y
Pat
106
28
104
106 y4
96%
96%
97%
56
78%
98 y4
G
1946
95%
95%
.26
93
3y4s series C_„
45%
48%
'47
45»/a
54%
;■
f
50%
50
521/a
295
50
59%
:
t
M-N
57
561/4
58
104
49%
1st
East
f
s
P L
1966
:_1966
gold 4%s_—U955
3s
B—:
1960
G
& E
cons
5s
1949
4s series E trust
ctfs
1952
4s„
J-J
r
J-J
74
75'/a
31
69
74%
1998
F-A
.1998
F-A
1998
F-A
1998
F-A
—
"
—
69'/a
12
57
34
.
)
55
-
Sand 3y2s
1st &
ref
'•
50
:
*
-
r
*
tx
-
50
l
89
82%
11
112y4
90
19
J-D
107
110% 112%
10
107% 109%
107
107%
100
100%
7
99
102%
100 Vs
100%
9
99
F-A
101%
91%
7
85
94
84%
92%
7
92
J-J
0
A-O
106'/a 108
106% 106%
92
J-D
*108
J-J
106% 108%
*105
M-N
108 y4
1071a 108 y2
105
100% 100%
F-A
59
58%
59
M-S
99%
99»/a
99%
41
A-O
43%
43%
44%
7
M-S
*115%
105
100% 103 %
3
58%
60%
98% 100%
43'/a
118
__
,49
4%s
Power
J-D
&
118%
102 A
__
102 A
J-D
*1017/8 105
103% 104%
M-N
*106
105
F-A
J-D
1981
Light 3y2s_r
'
•—
100%
100 Vb 100 %
*103 Vb
'
,
A-O
102%
J-J
■
108%
102
*101%
16
—
—
102%
107
100% 105 V*
103
—
13
105
101% 104
"
■
__
101% 101 %
—1969
105%
105
105%
42
105
1974
debentures
F-A
108'%
F-A
100%
100
101 %
65
100
107 y2
1943
M-N
110
109% 110%
3
109% 111
109
6
109
:
79%
78%
I'
55
61%
Pennsylvania RR
i
69
f
50
112
108% 109
J-D
1960
4%s A—1977
4%s series B„:
74
s;--
89
112%
J-D
..1963
Ohio & Det
61
v
J-D
Broadway Corp—
Pennsylvania Glass
97%
46%
——1938
Guaranteed 3%s trust ctfs C
1942
Guaranteed 3!/2s trust ctfs D_*_1944
Penna
95%
A-O
*
V
gold 5s
series
Pennsylvania Co—
Pa
A-O
.1997
4s
& Tel 3y4s series B
& Passaic
I
59%
A-O
_1997
page 1989
1st
El
1st M s f gold 3s loan ctfs
1955
Paramount Pictures 4s debentures.1956
Parmelee Trans" deb 6s__
1944
-••I
•
1
Co
&
mtge
Paramount
50
47%
39
"v r*
4
'
deposit—
Coast
Panhandle
41
37%
7'
"
48
51%
i
43%
.j
see
*110
J-J
J-J
Gas
&
Ret
1952
For footnotes
108% 108%
M-S
:1946
Paducah & 111
2013
s
—
F-A
M-N
gtd 5s
§A2d ext gold 5s
2013
sec
42%
52%
66%
:_1961
1st
Pacific Tel
80
34
16
-
46%
"
72
37 --a
2
47%
1956
1
,
Af
2
41
82 %,
105% 107%
105
107
55
.1945
10-year 3%s
39
49
1st & ref mtge 3y2s series I_—1966
1st & ref mtge 3s series J
—1970
1st & ref M 3s series K^
1971
§APac RR of Mo 1st ext gold 4s
1938
77%
76%
12
.-
47-
;
47%
2
—
42
41
deposit
A
4s
73%
45 y4
63
1972
cons
Short
Gtd
RR
5
78
68
40%
49
1943
3%s
1st
Transmission
Secured
Central
42
'.
63%
1967
Power N F
1st
107y4 109'/2
75%
82
'3
75%
42
•
9
--
75
A-O
75 Va
•
1
-
107'A 107%
J-D
1954
D
of
41
.v--
43
J-J
—.1965
debentures
Pacific
120%124'A
5
"
78
deposit—
of
series
44%
27%
■
J-J
gtd gold 4s_1948
con
117% 120%
2
75'/a
'
'A 1st
73 y4
42%
72
119% 119%
5
v
•
109
78
deposit
of
series
75 Vb
109
A-O
1956
1
of
C.
ACertificates
M-N
deposit
B
ACertificates
A 1st
senes
B_—
of
ACertificates
5s
5s
series
ACertificates
A 1st
imp 4V2s
1st
O Tex & Mex
1st
mtge 4s
Pacific
118
F-A
1952
*115%
A-O
1st 4Vis
Orleans Term
*69%
42%
112
74%
1945
3-D
1983
5s
75%
27%
—
72%
92%
•
gtd
1960
ref
90
5s
Orleans Great Nor 5s A
&
—
73%
:2047
;1944
Guaranteed stpd cons 5s
Oregon-Wash RR & Nay 4s
102% 104 y4
cons
J
Ser
65
2047
u.
..1964
Teleg 4y2s ext
Ore
ici%io3y4
103
101A
99
—
Co—
Oregon RR & Nav
103y4105y4
101 y2
A-O
N
Pub
V8
2047
1st & ref mtge 3y2s
1st
1st mtge 3%s
Oklahoma Gas & Elec
69%
M-S
N
Orl
100% 103%
1
.2047
impt 5s series C
Ontario
F-A
gtd 4las series B
:_1961
J Junction RR gtd 1st 4s_——1986
N O & N E
11
O
42%
1949
& Tel 5s A
Light
28%
100 y2104
102
103 % 103%
—
impt 5s series D—
(Minn)
112
3s—.—1965
1st
&
26%
125 y4 128%
102 Va
102
74%
j
119
—2047
&
(Wise)
106% 108%
112
—
3V2s
Consol gtd 4s—
Pow
71
21%
23 y2
121
1945
impt 4lis series A__
impt 6s series B
&
Northern
46%
70
RR
New England Tel
102
Q-J
43%
35%
104 VB 104%
1954
11
33
26
*102
F-A
Q-F
J § AOg & L Cham
104 %
Gas
73
24%
125% 125%
F-A
—1997
&
Otis Steel
Consol
71
*25
M-S
.1997
Ohio Connecting Ry 1st 4s
Ohio Edison 1st mtge 4S__
J-D
§ANaugatuck RR 1st gold 4s__
Newark
101% 103%
24%
F-A
& Id gold 3s_—Jan 2047
86
mtge
1st
5
1
.
can¬
guarantee)
of deposit
registered:—-,
&
I091/a
7%
3%
108% 109%
llOVa
-
82
62
108'A 108 JA
——
M-N
109
___1960
Prod
Steel
1978
108
6
1974
(stamped
Ref
N
Chatt & St L 4s series A
2
109% 110%
*99
ry
18%
15%
93%
26
102% 103 Vb
—
38
75%
*111
__
106%
9%
•
—
109 Va
mtge gold 5s
Ontario
Y
A-O
'«,«»..•
.
108% 109 Vb
5%
6%
109
M-N
103 >/4 106
Mountain
N
1955
107% 112%
Constr
AN
5%
14
112'/a 112
Northwestern
109% 110
Morris
New
109%
J-J
1950
ref 5s
Ref
98>% 104
110
Tramways
1st
J-J
29
14%
93
—
M-S
103
Ry Co—
Ref
54
99%
A-O
Power
12%
*
y*,
104% 106
9
19
A-O
Ref
90%
47%
98%
✓
.
I960
1960
Montreal
New
M-N
V
26
36
2%
4.3
109 V* 110%
—
104 Va
35%
M-S
3s
31%
debentures
New
A
deb 5y2s
Central gen &
Gen lien
33%
mtge 4 Vis
Montana
A
F-A
104
*12
7%
1%
39%
-,v-
Monongahela W Penn Pub Serv—
Nash
36
1946
North Pacific prior lieu 4s_
4s registered
.
33%
21
1
F-A
104
ACertificates
33%
25%
213
28%
M-N
1966
6s
Southern
cellation
33
"
24%
__
29%
28%
...
J-J
4%
'
—
11
104%
—
F-A
1967
i*
■
A 1st
4
21%
110
31
.
deposit.
J-J
8%
'
*109%
J-J
—1966
126
2
45
1974
32
30%
"1%
A-O
1938
1st
B
7%
1%
guaranteed gold 5s——1945
33%
23%
—
25%
M-N
deposit.
of
1%
352
—
M-N
1940
4%s_
6%
*
41%
♦
A 1st
31%
■
series I
5s
1st
(Md)
6%
1943
& ref 4y2s series A
JNorthern Ohio Ry—
33%
"
307/a
—
1980
of
ACertificates
21%
112
—
82
19
.
29%
.
9.—
1st &
36
3%
29V4.
_
1949
ACertificates
30%
25%
1977
A 1st
"
deposit
4s_i__
ACertificates
Bost
•
41%
1937
Gen
Missouri Pacific RR Co—
ACertificates
41%
73
82
M-S
1st
41
1962
240
80%
A-O
mtge 4 y2s series A
1998
AGen mtge 5s conv inc
.2014
$§ANorfolk Southern RR 5s A
1961
Norfolk & Western Ry 1st
gold 4s_1996
North Amer Co deb 3y2s
1949
Debenture 3%s
1954
Debenture 4s__
1959
44%
1978
D
&
Niagara Share
1%
1962
series
61
3%
21%
66
Missouri-Kansas-Texas RR—
40-year 4s series B
82
1937
1st gold 5s
Telephone 3'As series
§AN
96 % 100
263
M-N
J-D
1963
"Niagara Falls Power 3lis—
Niag Lack & Ont Pow 1st 5s
Norfolk
Mo
40%
10
214
39%
1992
gtd 4s_
Steam Corp 1st 3y2s
$§AN Y Susq & W 1st ref 5S
§A2d gold 4'/2s
§ AGeneral gold 5s
9%
—
cons
N Y
37
24
1%
34%
43%
6% ,</
37%
36
19
23%
■»;'. 47
60%
6
38%
1955
1st
Queens El Lt & Pow 3'/2s
1965
N Y Rys prior lien 6s
stamp—,_^1958
29
37
1938
j.
8 A 1st stamped 5s gtd as to int
A 1st
50
*iy4
57%
6
J-D
1993
4s__
N Y
45%
4s int gtd 1938
g
5s
28
7%
7%
AGeneral
'
68
32
--
27%
26%
7%
f AN Y Ont & West ref gold 4s
N Y & Putnam
57%
63
__
50-yr 5s series A___1962
ARef & ext
27
38
5
36 '/a
—
f§AMilw & State Line 1st 3V2s
67
104% 107
15
63
0
J-D
JAMinn & St Louis 5s ctfs
A 1st
54%
58%
M-N
15
336
96
61
96
33%
J-J
4s
;
1957
A 1st & ref 4%s series of
1927—1967
$ A Harlem R & Pt Ch 1st 4s_—1954
69
93'A
—-
*95%
"
33
3lis—1956
ADebenture
Michigan Central—
33
.57
Consol
4s
Gen
■'?
52'/a
50%
56%
f
50
49%
49%
T
Cons
gold
gold 4s
—1948
stpd dollar
mtge 3%s series
May 1 1948
C—
sinking fund 4'/2s
General
1
cons
4s
sterl
4'/2s
General
5s
series
series
A
B.i
102% 103%
M-N
M-N
1970
A-O
.I960
F-A
.1965
J-D
1968
J-D
91%
91%
108 la
92
48
90%
111
94%
'
120% 120%
1
119
122
102
>■"
102
102%
70
101% 105
108%
108 VB 108%
50
107% my2
-
THE COMMERCIAL &
*988
YORK BOND RECORD
NEW
'
Friday
BONDS
Ended May
Week
Last
Interest
Exchange
Stock
York
New
*
Period
22
Sale Price
Low
1970
A-O
88
88
89'/4
90
87%
1981
General 4%s series D
A-O
97%
97%
98%
66
97%
97%
98 %
35
A-O
86
85'A
8614
156
111% 111%
6
Pere
Union
A-O
Apr
F-A
*106%
1956
1956
1980
3 Vis deb——-1952
gold 4Vis series G
Phelps Dodge conv
1st gold 4s—1943
series B
.—1974
Phila Bait & Wash
5s
mi
—1971
ref mtge 2%s_.—
1st &
of
A Certificates
■
5%
Series
Series
Series E
Series
F
Series
G
Series
H
i ;V
Series
53%
157
48%
49%
52%
393
48
48
10-year
MS
60%
60%
62%
67
105
105%
12
104
104
58%
64%
107%
105%
104
J-D
Devel
90%
7
109% 111%
5
30%
28%
36
24
9
8%
9%
145
5
gen
2%
2%
13
1%
■2%
2%
2%
27%
*1%
97%
98
1st
97% 102%
63
98
*105% 105%
*_.
107
111
*110% —
1964
89%
1.
debs
—1961
.1965
34
.1943
J-J
101
.2000
J-D
1977
A-O
65%
65%
67%
21
61%
70%
1979
A-O
65
65
66%
75
60
69'/a
1980
J-D
i.
65
65%
11
60
69
.1964
M-S
m-L
103
103 %
4
.1960
J-J
53
M-S
97
97%
2
97
refund
f gold
s
4s—
debentures..
104%
J-D
98
98
3
97%
J-D
97%
97%
1
97%
98%
-1977
&
Texas
Pacific
1st
gold 5s
—
*99%
*101
M-S
.1950
—
107
J-J
ref 5s
&
Gen
series
D
Tex Pac Mo Pac Ter 5%s A—.
108
119
*107
120
1960
—
A-O
.
1937
121
.1966
82%
78%
82
84
87
.
J-J
108%
J-J
5
108% 108%
4
Louis & West
St
107% 108'A
*89
91
90
95'/8
7
3
*5%
M-N
.1956
M-S
.1968
J-J
*110%
.2037
J-J
*143
J-D
*220
222%
.1968
A-O
.1948
J-J
Elec
Gas &
Trenton
—..
of Nor 111 3 Vis.
deb 5s—
104
108% 109%
105
103
67%
36
75%
&
ref 4 Vis series A
1997
J-J
76%
76%
78
1997
J-J
77
77
77
4
3Vis
1956
Steel Corp 4 Vis series B__1961
5 Vis 1954
Purchase money 1st M conv
1.956
4Vis series C
J-J
—
100
-
77
v
82%
82 '
97% 101
3
100
76%
76%
45
ref 4Vis series B
1960
1939
1st gold 4s__1939
1st gtd 5s
104%
M-N
102%
104
105%
11
104% 1061/4
102
—
102
105
102%
F-A
M-N
102%
29
M-N
>r,
;
•
*98%
J-D
102
J-J
50%
48%
A-O
24%
23%
M-S
1967
1967
Gen mtge 3'As series J
1969
J§AR I Ark & Louis 1st 4.Vis——1934
J§ARut-Canadian 4s stpd
1949
JSARutland RR 4Vis stamped
1941
3%s series H
mtge 3Vis series I—
98
20
81
53
debentures
M-S
—
—
*107%
..
—
lien
5s
of
ACons
M 4Vis
106'%
—
107
10%
16
7%
7%
22
5%
9
94%
*106
bond
4s
4s
inc
*55
1.625S
M-N
74
J-J
41%
M-S
J-J
91%
3
94%
1067/a
__
96%
63
55
—
73
1978
,
1989
—1952
1990
gold 4s_1968
1st 4Vis
JASt Paul E Gr Trk
J§ASt P & K C Sh L gtd 4Vis
St
S
Paul
A
&
Union
Ar
Depot 3 Vis B
Pass
1st
gtd gold 4s
J-J
M-S
V
&
JSeaboard
§ A 1st
N
E
1st
89
79
89
55
61%
--
—
107/a
275
13%
15%
13
15%
13%
17
117
11 »/4
13%
12
111/4
A
15%
16%
377
ll'/2
17%
16%
47
12%
17%
15%
Adjustment
ACertificates
A 1st
cons
6s
22
78
75
75%
5
57
17
31
24%
23%
27
15%
29%
80
ACertificates
J-J
1941
F-A
1971
A-O
M-S
1989
118
of
1950
A-O
2%
6
10
9%
F-A
3
'
103% 103%
A-O
A-O
A 6s
series
Union
B
Oil
*123%
V
14%
2Vis
debs
*1%
15%
?•:
M-S
M-S
8%
A
l%
1935
F-A
1935
F-A
1954
J-J
■7%
8%
6%
9%.
7%
8%
144
251/8
;.p
17%
4%
;
332
17%
1
8
7%
1
96%
40
97%
F-A
35
South & Nor Ala RR gtd 5s
97%
"35
1989
1
93%
26
M-S
*99%
.
„
— —
—
97%
90%
104% 105
1 1942
1
1
1
1
1
1
1
1
1
1943
1944
1944
1945
1945
1946
1946
1947
*100%
100% 100%
*100%
100% 100%
*100%
100 % 100%
*100%
101
100% 100%
100% 100%
*100
100 '/a 101
101 %
*100
100% 100%
1007/a
100
100% 100%
100% 101%
M-N
M-N
1 1949
101%
M-N
1947
*100% 101%
*100
101
100% 101%
*100
101
100
100%
100
Nov
1 1950
*100
101%
100% 101
May 1 1951
M-N
*100
101%
100% 101%
Nov
1 1951
M-N
*101
100
May 1 1952
M-N
*100
100% 101%
M-N
*100
101%
100% 102
M-N
*100
101%
United
Nov
1 1952
May
1 1953
.Nov
-
1 1953
.
.
.—May 1 1954
4
101%
100% 103
10
100% 102
100% 101%
100% 101 %
1 1954
M-N
*101
M-N
*102
Stockyards 4%s w w——1951
A-O
94
Nov
100%
*100
M-N
100% 103%
94%
7
8
.1944
A-O
97
96
97
1944
F-A
96%
95%
96%
Vandalia.RR cons g 4s series A_„1955
Cons s f 4s series B «.
i
1957
91%
97%
102
93
F-A
Va
&
ref 5s
1st &
& Trac
Power
Light
Iron
&
Pwr
1st 5s
53
93% 101%
109% 110
7
109% 110%
71
72
2
71%
1st
5%
5'/4
15
72%
1958
§ A 1st
£
100% 101
A-O
105%
104% 105%
♦120
4
gold 5s
ACtfs
§A2d
of
i
gold
deposit
lien
ACtfs
A Detroit
100% 103%
100% 103
12
—
—
ADes
11
41
106% 107
1041/4 106
M-N
•
*38%
69
75%
94
70%
75
106% 109
deposit (reorg mgr)_r
gold term 4s__
.1954
of
deposit
ACtfs of
.
ACtfs
A Toledo
(reorg
& Chic ext
Div
mgr)
43%
34%
44%
69%
71%
*91%
89
93%
37%
40%
27
33%
80%
84
75
80%
40%
39
14
;
-
.
mgr)
a
*36
deposit (reorg mgr)..1941
•/-.•-•A
—
v
30%
'
& Chic Div gold 4s—
ACtfs of
88%
35
4s—
(reorg
88
78
*69%
39
deposit (reorg mgr)..1939 5
1st gold 3%s
..1941
- •
30%
.
,
*82%
—
i—.—..1971
J-J
Gen mtge 4s series A w i
:___1981 *""'/ J-J
AGen mtge Inc 4%s ser B w i__1991
J-J
1st mtge 4s series A
191
...
(reorg mgr) 1.1941
1st
deposit
i
■
1st 5s—
Div
of
88
85%
•
79
88
*85%
F-A
1939
1939
5s
Moines
A Omaha
97%
2
;
(reorg mgr)
ACtfs of
A 1st
8%
95%
8
■*".
106%
M-S
1966
'
8%
37
101% 102
J-J
3%
99%
100%
A-O
W
10%
32%
102
J-J
fWabash RR Co—
11
97%
A-O
111
91
2003
1st gtd 5s
Virginian Ry 3%s series A
27
7
F-A
M-S
5s
cons
109%
M-S
1st gold 5s„1949
Coal & Coke
a
M-N
—1968
3%s series B
Va & Southwest
8
5
1950
1963
100% 100%
M-N
—.May 1 1955
Utah Lt
9%
97%
.
For footnotes see page
75%
91%
M-N
2.60s
2%
35
1952
1964
173
7%
J-J
Socony-Vacuum Oil 3s debs
%
8%
96 %
1941
debentures 4s_
7%
'7%
1961
Co
93'%
M-S
101%
lO'/a
— —
96%
2%s sinking fund debentures
Skelly O'l 3s debentures
75»/2
A-O
123% 125
93
24%
8
12%
14
7% *; 7%
J§ASilesian-Am Corp coll tr 7s
Simmons
103% 107
69
75%
1021/4 103 ■'
*9% fl5
J4
4
99»/4 101
—
—
*51% A.
1933
16
102% 103
102%
A-O
deposit.
certificates
10
M-N
MrN
ACtfs of deposit
Shell
99
103% IO5V2
—May 1 1949
—
2.65s
101% 103%
10m
•
1945
7%
5
100iI 100JS
deposit
JASeaboard All Fla 6s A ctfs.
99
69
May 1 1950
Va Elec
3%
*2%
M-N
J§AAtl & Birm 1st gtd 4s
96%
96%
103% 104
103% 105%
103%
J-D
82%
>'■:
*78%
J-D
1952
A
97%
M-N
108% 111
51
J-J/
1947
—1959
of
97%
4
76
49%
—1950
series
16
96%
Nov
Utah
78%
f deb
5s
20
97%
97'A
1 1948
Nov
—
2.55s
16%
47%
Ry—
§ ARefunding 4s
109% 109%
17%
11
48
M-S
§A4s gold stamped
96'%
*100
2.45s
181/4
14%
J-J
gold 4s unstamped
37
*100% 101%
May
Nov
2.40s
16%
13%
14%
.
78%
1942
s
96%
96V4
100% 100%
—
2.50s
47%
M-N
1943
gtd 4s
Air Line
99% 102%
2.30s
45%
J-J
Oct 1949
Schenley Distillers 4s
Scioto
11%
6
53
2.35s
75
2
88%
J-J
1st 5s
Santa Fe Pres & Phen
109'/a
111%
108
__
100% 101
2.25S
75
33
75
43%
*60%
67%
69%
40
74
74
411/8
14
Nov 1989
cons
191%
100
105% 105%
2.10s
60
15 r
J-J
deposit
1st
96%
A-O
.
St Paul & Duluth
3
—.
100% 101%
May
2.05s
106% 107%
13
Il950
ctfs
101
101
NOV
-
—
-Nov
2.00s
A-O
Il948
.1950
certificates
bond
88%
2.15s
J-J
deposit stpd—
JSt Louis-Southwestern Ry—
A 2d
90%
81%
100%
1.80s
ACertificates of
A 1st
101
*3
87
*100
—May
1.75s
J-J
.1959
§ A 1st term & unifying 5s
AGen &.ref gold 5s series A
84
84%
87
M-N
M-N
M-N
M-N
M-N
M-N
!
1.50s
7%
*72%
A
18%
101
Nov
4'/8
.1955
series
57%
101%
*100
May
1.375s
2
_1933
B
—
12
100
304
*100
Nov
1.25s
6%
deposit.
of
—
J-J
May 1 1943
-
6%
deposit
series
100
2.20s
ASRiv & G Div 1st gold 4s
ACertificates
16%
15%
*__
47%
M-N
M-N
M-N
M-N
M-N
Nov
—
1091% 109%
Southern—
JASt L Peor & N W 1st gtd 5s__.
ACertificates
-
47
54
*12%
—
J-J
1944
4s_—
1.125s
J-J
J-J
.1996
6s
APrior
52%
102% 104%
Corp—
1.00s
.
3
13%
A-O
.1996
gold 5s
JASt L-San Fr. pr lien 4s
99% 102%
May 1 1948
.875s
26%
'
Steel
States
13%
.1947
1st mtge 5s
99% 101%
Serial debentures
13%
.1966
Saguenay Pwr Ltd 1st M 4'As
St Jos & Grand Island 1st 4s
F-A
109% 109%
.
M-S
A-O
grant 4s
J RR & Canal gen
N
United
53%
12
•
——
M-S
M-S
land
1.95s
Serv
105%
104
Pacific RR—
&
1.85s
Pub
12
*109% 110%
M-N
1959
.—1967
—
1.90s
L Rocky Mt & P 5s
104% 105%
u
1971
1947
1970
35-year 3%s deb
1971
Ref mtge 3%s series A
1980
United Biscuit 3%s debs—r
—1955
United Cigar-Whelan Stores 5s
1952
United Drug Co (Del) 5s_„.—^—1953
53%
39
163
24%
130
100%
39
99%
53%
53
1949
coll trust 4s A
L
92%
86 %
101% 104%
Roch Gas & El 4Vis series D——1977
St
102'/2
99% 100%
«...
J-J
34-year 3%s deb
U
& Brass 3'As
St
101
*105% 106
;_1945
i§AUnion Elec Ry (Chic) 5s
Union Oil of Calif 3s deb
Union
74%
75%
——
M-S
/
3%s
Elec Co of Mo
Union
3s
A-O
J-D
1953
216
216
104
Gen &
of
110%
2
13
108% 110%
109% 109%
104
87
'
1st
1951
Reading Co Jersey Cent coll 4s
ACertificates
109
80
80
__
—
R
&
107% 108%
M-S
1949
1st gold 5s.
146
.2037
1st & ref mtge 5s_.
*83%
A-O
1946
7%
.1957
Mtn
121
2
1
88
*__
J-D
1950
1st 4s___
105% 107%
t A Providence Sec gtd deb 4s~
Iron
15%
__
1942
Tol
105% 105%
J-J
.1951
3%s__
5s
83%
jAProviden.ee Term 1st 4s
PublicService El & Gas 3'As—
gold
«...
101
101
*
1960
Louis
87%
87%
'
110
J-D
.1960
Elec 1st 41/2S—.
1st 5s extended to.~
2d
122
*120
100
J-D
St
122
104'/4 104%
F-A
Adir 1st
101% 103
104 %
-1974
Lawr &
100% 103%
M-N
..1962
St
107% 110
5
7
J-D
Gen
101% 101%
104% 104%
-1948
Gen mtge
103% 105%
5
11
101% 102
1041%
Gen
991% 103
64%
&
33
108% 108%
A-O
24
60
cons
103% 104%
1959
101V4
100
20
A 1st
103% 105%
.1950
105Va 106%
100
J-J
62%
J§ARio Grande West
23
102% 102%
61
Jit A Rio Grande June
40%
33%
100% 102%
104%
104
1
1956
104% 107
9
*101% 102
J-J
M-N
M-N
1945
3
35
35
103%
.—1953
___
deb 6s
conv
109% 111%
105% 106
J-J
debenture—,
6
F-A
A-O
Revere Copper
86%
111% 111%
104
108%
._1960
Gen mtge
84%
80%
J-J
1961
109
105
series B
4Vis series C—
Pitts Y & Ash 1st 4s series A—
1st gen 5s series B—
1st gen 5s series C—
deb
79%
13
J-J
106
1st mtge
Rand
1
84
J-D
64%
c
82
82
J-J
17
24
60
Remington
82
.1974
106% 106%
9
Republ
92%
82
.1953
*118
M-N
61
Gen
83
110
60%
Purity Eakeries s f
97
107% 107%
601/4
Service
90%
F-A
..1950
1st & ref mtge 8s
88%
85%
J-J
A-O
Public
78'%
1951
..1959
:
63
Standard Oil N J deb 3s_„
64%
Aw
86
.1944
60
M
85
121
20
1st
69
85%
111
62
Pwr
92%
60%
121%
60
El
70%
88%
118
60
Pressed Steel Car deb
61%
70
363
J-D
1968
3%s B
M-N
Si
Potomac
170
67%
112%
lst mtge 4 Vis
W,
69%
91%
65%
118
J-D
Port Gen
65%
89%
66
111
__1950
4Vis series D
66%
90%
6
.-1958
1st
86%
—
—
—
119% 119%
F-A
..1943
Va
89%
86%
86%
112
110
•
..1952
1st 4s gtd
Char
&
Pitts & W
Va
82%
■
1st 4 Vis series A.
Va
Pitts
80
121
1996
1951
C_
series
M-N
A-O
4Vis series B
219
Apr
F-A
3s
1st mtge
ref 3s
&
Swift & Co 2%s
J-D
4%s_
1st mtge
87%
ASpokane Internat 1st gold 41/2S—2013
Stand Oil of Calif 2%s debs...—1966
106% 106%
—1975
-1977
85%
J-J
J-J
A-O
A-O
A-O
J-J
J-J
Superior Oil 3%s debs
1970
85%
A-O
1st
102% 102 Si
*111
Steel
Pitts
gen
Div
M-N
*110%
_.
_
Southwestern Bell Tel
2%
J-D
J-J
-1S55
1994
1956
1956
—1956
gtd 4s
6s__
Studebaker Corp
M-N
Pitts Coke & Iron conv 4Vis A.
y-\
&
ref
cons
6%s
gold 5s
Louis Div 1st gold 4s
St
10
,
F-A
52%
99% 102%
27%
J-J
gen
&
Mem
105%
110% 110%
&
Devel
107% 109%
13
101% 1011/2
110%
M-S
49%
1950
gold 5s
4s series A~
Devel
108% 112
41
1st
Southern Ry 1st
•
120
115
3
11
94'4
931/4
50%
104% 108
2
1071/2 107%
93 %
M-N
470
1946
3%s
Fran Term 1st 4s
San
56%
1981
secured
South Pac RR
J-D
57
56%
50%
64%
1081/2 109
58
50'/a
56%
1151/4 115%
60
50
144
50%
38
F-A
50
224
M-N
60%
'
64y8
1
55%
M-S
60
105
50%
59%
52%
M-S
60%
M-N
63%
59%
1969
J -J
J-D
59%
—
1968
(Oregon Lines) A
Gold 4'/2S___-
F-A
Gen 4 Vis series C—
1949
1977
2%
guaranteed——1957
guaranteed 4s
1960
cons 4 Vis
1963
cons
guaranteed 4%s__1964
J
102% 105%
Gold 4%s
74
cons
Gen mtge 5s series A
Gen mtge 5s series B
4
60%
J-D
Aug 1949
coll)
Pac
registered
671/4
4s
Series I
102% 103
102%
Gold 41/2S
M-S
4Vis
D
J-J
Co—
47.
7%
J-J
guaranteed
_1942
4s guaranteed
——1945
3Vis gtd gold——
1949
4s guaranteed gold—'_1953
C
J-J
107%
J-J
1951
debs
6s A
3%
—
Pittsburgh Cine Chi & St Louis—
U:::
High
1061/4 107%
103% 106%
107%
__
—
—
(Cent
4s
1st 41/2S
49
deposit———
l%s
Petrol
Phillips
Low
1
40
52%
37
1937
Ry 1st s f 4s
Pacific
110% 113%
1973
1949
J A Phila & Read C & I ref 5s
A Conv deb 6s
'i
M J§ A Philippine
Southern
89
71
J-J
coll
Co
1979
,
Colo Power
69%
tr 4Vis——1961
Phila Electric 1st & ref 3 Vis..——1967
General
Philadelphia
3s
Southern
69%
J -J
4Vis
gold
Range Since
January 1
Sold
No.
High
105% 105%
105%
1947
debentures
Bonds
Friday's
106% 106%
A-O
1962
3%s
Tel
&
J-J
series C—-1977
4 Vis series D
1981
General
93%
81%
1
42
*5
5%s____1974
series B
General
42
1960
Ry
1st series A 5s
Marquette
1st 4s
1st
MS
ext
4s
Pekin
&
Bell Tel
4s
—1947
Apr 1990
Eastern 4s
&
AIncome
or
Sale Price Bid & Asked
971/4 100%
mtge 4%s series E____.
1984
Conv deb 3%s_____
__.__.1952
Peoples <Sas L & C ref 5s__
Week's Range
Last
Interest
Period
Exchange
May 22
Low
971/4 100%
J-J
Gen
Peoria
High
Stock
Ended
High
South
Pennsylvania RR (Continued)—
Debenture gold 4Vis
Peoria
Low
No.
York
Week
1
January
Sold
Bid & Asked
New
Range Since
Bonds
Friday's
Friday
BONDS
Week's Range
or
Monday, May 25, 1942
FINANCIAL CHRONICLE
78%
w
78
45
•
36
35
:
-..i.
;A:
80
173
45
1
37%
92
44%
35
-
50
39%
4~*JA
»..VS^*H*hA4«ujiU*UiiUt^^l
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4075
Volume 155
Ul IA
1989
NEW YORK BOND RECORD
New
Stock
York
v'
ft;
„
■■■'•
/
<•
Interest
Exchange
Week Ended May 23
:
•■•■,.'-•/
ft:
Period
'
tWabash Ry ref & gen 5%s A
"
ACtfs of
ACtfs of deposit
Walworth
1978
Warner Bros Pict 6s debs——
jSAWarren Bros Co deb 6s
1941
Deposit
receipts
25%
26
2
24
27%
25%
25%
26
14
24
28
24%
24%
25
9
22%
26%
West Shore 1st 4s guaranteed—. .2361
'•■Registered .-i..1954
West Va Pulp & Paper 3s.
.1949
Wheeling & Lake Erie RR 4s
Wheeling Steel 1st 3%s series B„ .1966
25
1
227/a
26%
Wilson & Co 1st M 4s- A...
25%
5
22%
27%
26
4
87%
88
23
24
28
23 %
28%
__
23
28
Winston-Salem
{AWis Cent 50-yr 1st
99
101
34
95
105
94
81
105%
Westchester Ltg
Gen
5s stpd
gtd_^
1950
mtge 3%s
__
1st
3%s series I
mtge
Western
Maryland
1st
1963
1952
—
31
40
69%
1
—
—
119
110
1st
5s
90%
127
98%
99%
6
91%
97% 102
102 3B3
7
102% 104%
M-S
27%
27%
29%
64
20%
27%
27
29 %
79
20%
32%
1950
M-N
83
82%
83%
47
79%
gold
5s_—_
5s„
J-JD
85
85
86 %
35
82%
88
1960
M-S
82%
82%
83
51
81
1951
M-N
101%
Westinghouse El & Mfg 2Vas__
101 Va 101%
19
WEEKLY
in
footnote
a
in
deferred delivery
the
40%
103
5
103
M-S
50
47%
102% 104
*112 Ve
M-S
93
,
92%
93
112
114
90%
95
105%
105V2 106
32 ■-*:
104% 106%
102%
102% 103'/a
-7
100% 103
1960
4s
J-J
J -J
114
43
-
421/2
45%
*—
M-N
29%
deposit—!—
of
A-O
1971
J-J
1st 4%s
1943
1948
•
M-S
1960
24%
J -J
M-N
30%
29
37
37%
320
£
30%
'
9
7
;
50%
45%
9
54
109V4 110
——
29
108% 110
*106% 107
mmm*
114
52
«.«•
44
25V2
——
,
1968
3'As
Conv deb 4s
.
1st mtge s f 3%s series D—
Deferred
a
delivery
not included
sale
not
range,
the year's
in
included
105
108 %
*12
12 Va
12 Va
101%
101% 101%
99%
99%
14
n
101
102%
/fft 25
99%
99
100%
included in the year's range,
d Ex-interest,
e Odd-lot sale not
Under-the-rule sale not included in the year's range. rCash sale
the year's range.
in
100% 101%
gNegotiability impaired by maturity. tThe price represented is the dollar quotation per 200pound unit of bonds;
Accrued interest payable at the exchange rate of $4.8484.
^
{Companies reported as being in bankruptcy, receivership, or reorganized under Section 77 of
Act, or securities assumed by such companies.
No sales transacted during current week.
the Bankruptcy
..
.
'•■Friday's bid and asked price.
ABonds selling flat.
week
in
which
AND
RECORD
YEARLY
of the week, and when selling outside the regular weekly
sales are disregarded in the week's range unless they are the only transactions
No account is
they occur.
„
EXCHANGE
NEW YORK CURB
and
13
A-O
Youngstown Sheet & Tube—
85%
___
•.
NOTICE—Cash
J-D
1949
4s_
gen
Public Service
{AWor & Conn East
84
1951
Western Union Teleg gold 4%s
25-year
43
32%
M-S
A5s assented—
30-year
High
43
42%
'
of
ACertificates
86%
A___1946
ser
42%
87
111%
1946
JAWestern Pacific
1st
B
Wisconsin Elec Power 3%s
107% 110
14
86%
98%
-
W'JS'v'
.
44
—
121%
107% 109
1 02 392
87%
A-O
Low
43 Ve
83%
—
«...
110% 111%
—
43%
104% 105 V*
*108% 120
•
J-J
1943
6
107% 107 %
——
A-0
1977
4s
1st & ref 5 Vis series A—.—
West NY & Pa gen gold 4s___
2
83
105%
*99%
——
J-J
.1966
_
37
82
*—
*120% 121%
3-D
M-S
.1967
West Penn Power 1st 5s E_-___
36%
37
——
J-J
J-J
deposit——
.1936
§ ASu & Du div & term 1st 4p
106
96
101
S
A Certificates
101
*100% 102
83
January 1
No.
1947
88%
83%
99% 100
P-A
Q-M
F-A
F-A
J-D
Range Since
Sold
High
1955
Conv deb
Wisconsin
1st ref gtd gold 3%s__2006
Washington Cent 1st gold 4s——1948
Washington Term 1st gtd 3%s
1945
1st 40-year guaranteed 4s__.
1945
Bends
Friday's
'
*99 Va 101
101%
or
Sale Price Bid & Asked
Low
25%
87%
Last
Period
/
25%
—
Warren RR
•Interest!
Exchange
Week Ended May 22
25
25%
M-S
i
Stock
York
New
*
^
High
12
A-0
M-S
1948
Low
27 Va
A-O
vl955
No.
Range Since
January 1
26 %
—
debentures
6s
High
;
2
—'
1955
Sold
27 Ve
2614
A-0
4s
Bonds
27 Va
A-O
—1980
(assented)
M
1st
Co
Low
—
ARef & gen 4%s series C—
ACtfs of deposit (assented)
ARef & gen 5s series D
■'•
F-A
(assented)
deposit
■
—
1976
5s series B——
gen
«
M-S
1975
ft ACtfs of deposit (assented)—
ARef
BONDS
Week's Range
Last
or Friday's
Sale Price Bid & Asked
Friday
BONDS
range
are
shown
taken of such sales in computing the range for the year.
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
(May 16, 1942) and ending the present Friday (May 22, 1942).
It is compiled entirely from the daily reports of the Curb Exchange itself, and is in¬
last
tended to
include every
security, whether stock or bond, in which any dealings have occurred during the current year.
STOCKS
New
York
Week
Curb
Friday
Exchange
Ended
Last
May 22
Sale Price
Par
Acme Wire
Aero
Co
Aircraft
Air
Access
Investors
Warrants
Alabama
Power
Co
$7
Altorfer
Bros
1%
Jan
Atlantic
Coast
U May
1%
Jan
Atlantic
Rayon
May
20 %
Apr
Atlas Corp
~1
200
20
100
Mar
ft
Jan
Atlas
Drop
"%
"%
100
% May
%
Apr
Atlas
Plywood
76%
77
180
75% May
97%
97%
10
94
88%
88%
60
83%
3%
3%.
100
2%
Jan
3% May
1
Jan
1%
)S
20
pfd
conv
19
25
19
22%
38%
*
Aluminum
Industries
18
75
89
88
102
101
*
12
12
Mfg
20
6preferred
76 Va
77
24
May
78%
99% May
12
650
74
Apr
Box
1
4Ve
4Va
100
3%
Capital class A common—10c
%
%
100
$3
Central
American
Cities
Convertible
Class
class
American
Gas
Laundry
American
Light
5
6%
Preferred
common
50
65 %
Jan
4Va
Jan
5
5%
5%
50
Va
100
175
29%
30%
5,400
10%
4%
100
Apr
Apr
% May
24% May
4% Apr
10%
50
14%
13
Vb Mar
28% May
Jan
7Vo
$1.20
41%
Jan
Feb
Jan
5,300
350
13 Va Apr
82% Mar
1%
400
1% May
Aro
Equipment
20% Jan
104
Jan
2%
Associated
Electric
American
Feb
Blauner's common
Feb
Bliss
Jan
Blue
$3
20
20%
25
25
250
18%
Jan
22
Apr
9
700
7J/a
Apr
11%
&
200
Apr
26%
Jan
Blumenthal
20%
Jan
Bohack
21
Jan
ft
Jan
%
Jan
Borne
Apr
27%
Feb
Bourjois
20
39
5Va
~~5
2%
5Vb
500
May
4% Apr
2%
100
l7/a Mar
85
Jan
fe
38
38%
1%
1%
~2%
6%
Jan
2%
2Va
lVa
550
,
.
100
Jan
33%. Apr
1% Apr
92%
91%
preferred
Scrymser Co
7%
1st
7 Vo
1st
2d
Brazilian Traction Lgt
Breeze
2% Jan
3
Jan
Jan
2%
2Va
100
2
Feb
2%
Apr
lVa
100
tf Jan
~40
7% May
91% Apr
92%
%
12
800
7%
7%
500
6%
%
6%
200
iVa
~4%
500
$5
preferred
Associated
6%
1% Mar
9
Jan
103'/a
Jan
Corp
For
footnotes
see
page
1994
Jen
1 Vb
Brill
Corp
Class
3%
Jan
4%
Feb
8%
—
22
100
6%
7Va
1,100
2%
2%
400
20
21
Apr
6% May
2Ve May
%
108
Jan
30
Mar
Feb
Jan
9% Mar
3%
Feb
Mar
117
32%
Jan
%
Jan
% May
600
16
22
10
Jan
38 % May
Apr
50
2%
Apr
1,100
10%
Apr
16%
Va
—
——
——
— ——
3%
3%
10%
10%
—
Feb
ft Feb
—
38%
6%
—
3%
11
9
—
28
--
50
28
5
1%
300
1%
4%
200
27
Mar
Jan
8
Jan
5
Jan
35
Jan
Feb
Feb
4% May
1% Mar
5
Jan
1% Mar
—
—
42
Mar
Jan
34
Mar
5%
--
33 May
30 %
33
10
33
/a
T%
l'e
Apr
6%
ft May
Vs
100
1%
1%
100
1%
Jan
2
Jan
6%
6%
3,000
4%
7Va
6%
8%
1,500
7
5%
7,500
4%
5V4
8
Jan
Feb
5%
4%
Jan
100
Jan
Jan
Feb
ft Jan
Jan
6% Mar
May
16% Mar
4% May
19
Jan
3
May
Jan
■,
%
Jan
,
%
Feb
33a
Jan
ft Feb
•■•'A
Co
1%
May
A—
*
*
•
American
American
Oil
Co
—
—
8%
Jan
20%
Jan
ord
£1
rets
2%
60
Feb
Apr
3Va
Jan
ft May
Jan
—
55%
Feb
14 %
Jan
31 Va
Jan
Mar
13%
Jan
Feb
9% Mar
8
--
May
9
—— —
__
-r
— —
12% May
30% Apr
10
—
£1
dep
ft
43
Apr
Jan
8
Tobacco—
dep rects ord bearer—;
Am
Jan
Jan
1%
200
ft
16
1%
52
_
*
British
200
1%
— —
..
100
*
common.
British
Am
__
*
A
B—
Mfg
~
reg.
--
—
-r
Jan
Jan
13
1/64 Jan
class
—
*
100
preferred
% Class
7% May
87 %
*
Preferred
Jan
Jan
ft
:
Jan
.11% 111%
6%
111%
1
Machine
Bridgeport
Jan
% Feb
Celanese
British
Am
America—*
Jan
7%
22
1
Bridgeport Gas Light Co
Brillo
2% Mar
100
-a'a
7%
4% May
—
*
& Pwr
common
Aeronautical
Brewster
Jan
,1
;
_„*
of
Apr
Jan
-3% Jan
13
common—!
_
Laundries
Apr
Mar
5
*
_1
6% May
100
Jan
6%
£1
100
*
preferred
preferred
Jan
Jan
*
Bowman-Biltmore common
Jan
2%
76
4Va
Inc.
33
100
% Mar
IB
7%
Co common
48%
2%
2 Vs
400
5%
61% Mar
2% Jan
*
*
100
25
*
(S) & Co
(H C)
79%
—*
10
Co..
Electric
Jan
Jan
*
Canada
Class A—_ —.
Jan
7Va
*
*
1
Ridge Corp common
1
optional convertible preferred—_*
25
8%
20
1
1
100
(EW) common
18% Mar
87/8
1
Industries—
Jan
1
7% Mar
1
Mach Co com—*
*
Birdsboro Steel Fdy &
28%
$7( preferred.*
dep rects reg..._
§Associated Gas
I
of
3%
Mar
5%
——
Jan
18
1
Refining
33%
Feb
ic
6%
5%
10
*
32
11
5
&
4%
3
1
May
Apr
Art Metal Works common—
Breweries
Jan
Jan
Apr
29 % Mar
nrpfprrpd
<£o t\r\
27 %
Ashland
Oil
2%
600
%
1
Bickfords Inc common
24% May
2
Corp..
Associated
1,300
5
Inc
preferred
Convertible
50
10
2
Arkansas Natural Gas common
preferred—
3,000
2%
1
Berkey & Gay Furniture
I'/'o
6%
21%
1
common
Hedges common
&
25
—1
non-voting
c* 00
common
28
Apex-Elec Mfg Co common—.
*
Appalachian Elec Pwr 4%% pfd_—100
Arkansas Power & Light
Aircraft
25%
*
—
A
19% May
19%
2%
19%
common
of Canada
Benson
$5
class
Jan
Aircraft Corp
25
Superpower Corp common—*
preferred—.;
■
*
$6 series preferred—
;
*
American Thread 5%
preferred
5
American Writing Paper common
*
Common
5
convertible preferred
$1.50
28
$6
Fence
Jan
Feb
Apr
Mills Inc common
28
*
.
Post
Mar
A
4
Steel
25%
—1
Chemical
AngosturarWupperman
14
Jan
1
"Ludwig"
Beau Brummell Ties Inc
Bellanca
ft
American
Anchor
Jan
Feb
3% Jan
13%
35
& Seelig Mfg—
convertible A common
Barlow
Beech
12%
17%
100
Republics—
Seal-Kap common.;
-1st
13
30
Co
Rubber
Stainless
Barium
Jan
Apr
92%
100
American
Feb
3%
Apr
preferred
Baldwin
Jan
%
Jan
16%
1%
25
common
5
100
21
*
warants for
Purchase
1
Potash
Jan
27/8
B
1
_
Jan
Jan
1%
Feb
10%
92
20
Co
Apr
17
25
Co
common
&
6%
Apr
4
92%
10c
American
American
29%
25
Co
Jan
Baldwin Locomotive—
Bell Tel
10
Meter Co
American
Jan
100
5
Va
100
Mach
Maracaibo
American
78%
32
preferred
Mfg
67%
4%
5%
*
common
& Trac
3
7
16%
2% May
2% Mar
; 1,300
2V4
u
com..10
Babcock & Wilcox Co
Beaunit
preferred—
American
American
Jan
class A
Jan
5% Jan
Mar
;
Hard Rubber
2%
6% Apr
12% May
12% Mar
Feb
12%
69
67%
25
Corp
~2%
500
15
Jan
3% Mar
Baumar.n—See
Electric—
General
300
Jan
% Mar
5
Collieries
Patoka
Feb
Power warrants
&
3% Mar
27 Va
ft Jan
8
convertible preferred
$2.50
105
114%
Light—
preferred
convertible
$2
6 %
Jan
A
Hoe
3
400
Warrants
Axton-Fisher Tobacco
7%
1
&
Jan
6%
6%
14
Machine—
Basic Refractories
10
10
Fork
Jan
preferred without warrants—25
preferred with warrants
25
Feb
Cyanamid class A
Class B non-voting
American
Jan
Jan
6 '/o
Feb
Class B
American
.1
& Sons common
(B F)
Avery
Va
American
American
Voting
%
25
American Foreign
3
22
%
3
Products..
Feb
*
1
&
6%
*
Automatic
3
%
5
common
Jan
Mfg
Power
3
1—
Corp
•ia
A
4% '/c
Forge
%
prior preferred
American
200
100
.
23
22%
1
Corp
10c
B
Mar
225
3
3
50
warrants—
*
class
preferred
$5.50
Feb
19% Mar
22%
Apr
20Va
American
common
Jan
-3-
20
American
Co
Apr
Mar
90%
24
Apr
May
100
%
%
1
100
Co—
Board
18
Jan
800
100
American Beverage common—
Common
Jan
300
12
24
76 Va
% Mar
May
Feb
97
Feb
4 Vb
*
common
Book
107
Apr
450
102%
*
common
High
64
May
109% Feb
64
106
_i
Co
Automatic
Ayrshire
100
Goods
300
Mar
*
common
Ltd
18%
22 %
10
83
Apr
%
*
(Mich)
common
preferred—
Aluminium
77
*
Aluminum
American
Jan
Low
Feb
Jan
*
common
Aluminum Co common
6'/(,
Line
8%
Range Since January 1
High
% Mar
Fisheries
May
la
50
preferred
Investing $3
conv
Coast
4
5 Va
*
Southern
Products
Atlantic
200
200
Low
RR Co pfd. lioo
preferred- .100
Coast
5% Mar
5%
20
3
Investment
Intl
&
Birm
Atlanta Gas Light 6%
•
Applicance
Alles & Fisher Inc
Allied
Atlanta
5%
2
20
Shares
class A
5% Mar
1%
10
preferred...
Allied
Mar
Associated Tel & Tel
5Va
32
Great
A
1,200
Jan
Feb
for Week
Par
5%
5%
—
Alabama
Class
20
Mar
4%
—50c
preferred
Electric
Alliance
5
22%
Sales
Range
of Prices
Friday
High
20
4%
1
Corp
Air-Way
$6
Low
Week's
Last
Sale Price
Exchange
Week Ended May 22
Range Since January 1
High
Curb
York
New
18% May
5
(NJ)
common
Convertible
Shares
Low
1
Associates Inc
for Week
—1
B
Alnsworth Mfg common
Air
STOCKS
Sales
Range
10
common
Supply Mfg class A
Class
Week's
of Prices
dep
Class
Brown
$6
rets ord
reg——
% Mar
10s
common
—*
1
Forman Distillers.——
*
—1
British Col
Brown
Ltd—-
Power class A—H
Fence & Wire
A
preferred
preferred..
;
•.*
T%
"1%
100
_
_
~1%
16
1%
46
46'
—
—
200
1%
'
10
% Mar
~I%
Feb
7%
Jan
10%
1% May
2%
46
May
2
53
ft Jan
Jan
Jan
Feb
1990 c
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, May 25,1942
NEW YORK CURB EXCHANGE
STOCKS
York
New
Week
7: /V
V
Curb
Bruce
(EL)
Co
Last
Range
for Week
Sale Price
of Prices
Shares
Friday
V'
22
V'/■'
Low
PaT
Rubber Co
Brown
Sales
,
Exchange
Ended May
New
Range Since January 1
High
Low
High
%
Jan
5
11%
Jan
12% Mar
*
common
4 %
Apr
4%
Apr
35%
Jan
40 %
Apr
93/4
,.:*
% Mar
1
common
%
%
1,600
York
Curb
Week Ended
$6
Oil
Refining
Buckeye
<
J.
_
Pipe
Buffalo
j
preferred——;
$5
Bunker
ll7/a
preferred
Hill
Inc
Burma
f
38 Ye
387/a
25
preferred
1st
Burco
}
50
38 Va
50
&
$3
Sullivan—
2.50
preferred
Corp Am
11 %
*
:
8%
dep rets—
8 Ye
15%
12%
12 % Mar
%
3/a Mar
._
Burry Biscuit Corp—- —:
common..
%
12%c
%
Jan
Feb
Dayton
Jan
Rubber
Class
A
Mfg
'•A
Callite
Tungsten
Canada
Cement
Canadian
Car
Corp
&
1
600
Jan
15%
Steel
Jan
&
7%
19% May
voting™—-
Jan
2% Mar
*
7%
Co
23/a
Canadian Marconi-—™—_—
&
Carman
Co
$6
preferred
2%
Jan
36
95
95"
Carrier
Corp
Dobeckmun
Co
Feb
Dominion Bridge
(J W)
Products
Castle
(A M)
Co common
1*
%
7%
Jan
Co Ltd
Corp
Central
Hudson
;25
Apr
111%
Jan
Apr
103%
Central Power & Light
Central
7%
Corp
1
common
10
:
Consolidated
5
4
Mining
60c
Service
Hosiery
class B
preferred
Claude
Neon
Cleveland
Coal
107
13
%
4%
2%
fi
Apr
83
47
Apr
Feb
200
2Ya
2%
36
800
36
32
8
Jan
27
Apr
2Y2
31
Apr
Apr
3%
55
~2
52
Jan
4
%
5%
25
200
5%
Utensil Co—
Cockshutt
Co
Cohn
3%
■0&:
——*
6 %
Colonial
Patent
Arms
Fire
Columbia
Oil
1%
25
—
Gas & Elec 5%
preferred_100
Gas—™_—1
&
Southern
21%
Distribution
1%
21%
300
58%
1%
Jan
Jan
Public Service
14
May
163/4
Jan
Ya
""%
200
%
Jan
12%
123/4
50
12%
12%
Bond
May
100
18 3/t
Apr
%
Apr
1/256 Mar
13
Mar
i'.
Community Water Service
Compo Shoe Machinery—
V
t
c
Gas
Conn
;
-vyv
:
1
1
Electric
&
Biscuit
Corp
Jan
Jan
Fedders Mfg
series B
*
l5/e
1%
43 %
42%
preferred
^
72%>
Ford
Am
—100
Gas
Mining & Smelt
Consolidated
Retail
8%
Utilities
1
Ltd.;
Stores
5
20
1%
Jan
Class
B
1%
7/a
Consolidated
Steel
Oil
18
*
Apr
96% Mar
200
1%
Jan
50
25 %
Jan
3
300
A
Fuller
7%
prior
Continental
preferred—
Oil
of
Continental Roll
-'vvr-vs;
&
100
-
62
—
3
160
■;
&
Mar
1143/4
Steel
~9%
of
Cooper-Bessemer
$3
*
common
Copper
Range
Cornucopia
Corroon
$6
&
Co__
Gold
*
Mines
ls/a
Reynolds—
1
5%
*
Apr
Petroleum
convertible
65/a
1
common
preferred
.
50
Jan
Jan
45/a
88
Jan
123/4
$6
1
1
8%
IE
American
Gas
&
Croft
dep
receipts
Wheeler
(ord reg)__£1
Brewing
5
Electric
Co
Jan
5 Ya
Jan
Jan
Va
Jan
Jan
1
Jan
82
$6
$6
Crown
7%
For
Cork
International
*
Gen
$3
1%
Jan
$5
Jan
Gilbert
footnotes
see
page
2
100
6%
200
3/4
3/4
__
100
v
i
Jan
Apr
A
Ja*1
13% May
16%
Jan
fff
100
2
2%
800
3S2
1,300
14%
32
2
May
19
Jan
May
2%
22
Jan
Apr
Apr
2%
8
200
1%
700
400
7%
1%
—
Apr
3% May
7Y4
Feb
9%
Jan
.1% May
6% Mar
2Y4
Jan
734
Jan
5 Va Mar
7%
Jan
4 Va
5
Apr
64%
Jan
Jan
Jan
103
1 Ya
3,500
—
—
1%
700
lYa May
Feb
—
Jan
13
11
13
10
Jan
13%
9
123/4
__
_
1
1
100
85/a
—1
common
8%
150
Jan
10%
17
Mar
1
Jan
May
Feb
Feb
Mar
17
1% May
10 Va Jan
8% Mar
183/4
15
1
20 3%
Apr
Jan
Jan
Mar
10
25
Mar
30
Feb
40
Mar
44%
Jan
88
Jan
96
Apr
8
*
100
pfd
__
*
:
Feb
4% May
523/4 May
52% May
33/a
*
100
1
Jan
ii
Jan
xoo
A May
Ya
Jan
Feb
15%
Jan
10
59% Mar
102%
Jan
A Feb
Va
%
3/a
*
3/a
3/8
£1
common
12%
—*
66
*
common..
66
1
•
Feb
Jan
59
—*
70
Mar
Jan
■■
100
55
55
20
55
Apr
69
$6 preferred—41
22
22
10
217/a
Jan
27 Va Mar
Outdoor Adv 6%
pfd
Rayon Co A stock
Shareholdings Corp
*
A
A Apr
*
com—.1
preferred
&
Rubber
:
~"»5a
-
100
39%
30
38 Ya
%
A May
53 Va
Apr
Jan
Jan
353/4
Apr
96%
39 Va
6%. pfd A—100
common
Jan
101
Jan
Jan
7
Jan
Mar
2s/a May
^
common
(A C)
Gilchrist
1
*
*
—*
preferred—£
7
24% Mar
*
1
94%
93%
94%
75
II
"4 % ~4%
500
May
4
May
41
Apr
3% Jan
Co
Apr
16%
Jan
Feb
Glen
Jan
103
Jan
Jan
;81 %
„
>
Apr
5
Jan
42
r
4%
May
Jan
Gladding McBean & Co
5%
34%
-
86% Apr
80
—^
A
J:
5%
14
5
1
preferred B
Feb
r
2
Jan
5
*
common—
11%
-
6%
25
'
3,400
2
—25c
preferred
£1
convertible
$6
preferred
16%
*
20%
Apr
—*
*
43/8
__
120
Apr
69
Water Gas & Electric
Feb
VI'v":
%
%
—
i
114 % May
Apr
18%
Feb
Apr
5
A
Drug Co common
convertible
%
—.
Apr
89
425
preferred
Investment
General Tire
1
100
82
350
120
79
;
Co
convertible
13
700
850
110
111%
77%
t".
200
2%
May
109% May
79
preferred—
2,200
13%
13
...
1
Crowley Milner & Co
Crown Cent Petrol
(Md)
Crown
25/a
13
*
110
Mar
57
% May
;
Elec
Preferred
Petroleum
Crocker
Jan
Mar
85
44
Malt
Fireproofing
General
Feb
Courtaulds Ltd—
Creole
81
81
140
~50
Georgia Power $6 preferred
133%
May
730
45
dep rets ord reg—
General
Apr
8% Mar
34
A
1
13
—
30
110
Co Ltd—
Electric
General
Apr
673/4 May
80
70
57
98
104% 1093/a
104% 114%
3% Mar
3/4
673/4
Jan
57
108
44~%
General
Gen
__
—
Jan
Feb
9
28
Apr
45
Gellman
Jan
f
——
4%
Apr
Feb
4%
26
10
preferred
;—
Mfg Co common
Alloys Co
Feb
Mar
30
5 Ya
Jan
500
5%
5
500
Jan
25
reg
stock
Co
May
31
5%
200
4 3/a
—
Yards.
&
Power
5%
General
Jan
„—
——
5c
preferred A
Cosden
—
*
Jan
4%
1%
Canada—
Gatineau
Jan
Jan
~7%
*
prior preference
5%
4%
4%
4%
$7 preferred—*
Light
convertible
1%
60
500
Jan
__
Brewing Co
Distilling
Co
conv
Jan
73/4
10
A
—
■
1
Jan
7
non-voting.
voting.—
Gamewell
Jan
102
_1
Varnish
63a
l3/a
Warehouse
&
General Public Service
Paint
Cook
Jan
2 3/4 Mar
1
participating preferred.-
4 Va
300
65
63%
_
(Geo A) Co
General
Mexico.:
G0%
Apr
Apr
13/4 May
Continental Gas & Electric Co—
'J../-
Apr
Ya
May
Ltd—:
Froedtert Grain
Jan
9 % Mar
Gen
4%
38
40
8,600
50
(Philai—
(Peter)
1 Va
4%
Apr
1,500
1%
11
10Ya May
1 % Mar
106 %
3
—
Jan
2%
Jan
1,900
10c
1
1
5
Fox
Jan
52 % Jan
—10
Corp.
Jan
17
42%
8
Worth Stock
Amer
Royalty
Jan
Apr
47%
1
& Airplane.
Fort
Feb
100
Consolidated
%
Apr
3/128 Mar
Jan
29
1%
22 % Mar
17
46
5
preferred
rets ord
dep
Jan
34
Jan
29
29
l
preferred
99%
98%
Jan
41%
—
Equipment
&
Co
Motor
A
1
10
*
*
*
2d pfd A
Mfg
&
Jan
Jan
42%
5
Co
Power
Class
1
:
500
& Light
Compress
Motor
Ford
Jan
39% Mar
4,500
^
43 Y8
109% 109%
100
Consolidated
13/4
■
100
2
1%
33
.
10%
-*
common
—
Association
$3
1
200
11
J8Ya Jan
52 %
3/4 May
11
Metallurgical—.
Federal
33/a May
2% Jan
Apr
7% May
~2%
67/b May
5/64 Apr
Share
Engine
3%
4%
1
Co
G E L P Bait common
Consolidated
:
300
7%
2 3/a
Brewing—
1
*
preferred series C__
4%
A
—
7%
T
*
B_
common
Fansteel
*
Telephone
'4%%
—
7%
Machine
Electric
Fairchild
Conv
1946
Coke Secur common
&
Consolidated
Consol
! :vv.3'7V
to
preferred
$3
Conn
|
extended
*
warrants—;
Franklin
,-Ti?V"
*
series B
Inc..
Florida
May
—
Fairchild Aviation
Jan
1
25
—*
&
Power
6%
Jan
Apr
4% Mar
4Y4
Jan
58
~50
Feb
Mar
Fire
Mar
Iron
Corp—
Pipe Line common
Eversharp Inc common.
Jan
1,700
14
Apr
19
Eureka
6%
% Jan
25
^7%
600
Esquire
Apr
2
1,000
Feb
20
Corp
%
1
Community
Jan
250
l/li
Mar
Feb
■
5
35
300
21%
7/e
warrants-
Commonwealth
V-:-
&
23/4
58
1
Commonwealth
%/
2%
ll
193/4
convertible
7%
4%
-1
Jan
197/a
Derrick
6% May
200
£1
Colorado Fuel & Iron warrants
Colt's
6%
A
100
preferred
preferred.
% Mar
Airlines———
Columbia
f
35/a
6%
Development ordinary
convertible preferred—
2%
Apr
Washing
$3
Mar
%
Apr
3A Mar
common——•—*
& Rosenberger Inc
Colon
ili
Plow
Feb
Jan
300
3/4
Va
41
Falstaff
Club .Aluminum
Jan
70
100
75
Equity
6% Mar
Apr
4% Mar
100
47/a
15
Mar
23%
200
Apr
Apr
5
*
Corp
Apr
6 Y4
14
24%
Apr
2%
Feb
200
Emsco
Jan
*
110%
1%
62% May
500
7
*
common:
1
15
4
Empire District Electric 6% pfd
100
Empire Gas & Fuel 00^6% pfd
100
6%%
preferred————
100
7 'i'o
preferred
100
8%
preferred——*.
100
Empire Power participating stock—■;_*
Jan
4
—
1
Emerson
Feb
82%
1
Mfg
Illuminating-
—
67/a
Corp.
Elgin National Watch Co
Jan
82%
500
2
3/4
—
Electrographic
Feb
4%
Apr
4%
Mar
7
Option
Feb
Apr
4%
Jan
25
Jan
43
Electric
iY Jan
14
50
4Y4
67
*
preferred sex'ies A
$6
Jan
40
1
Feb
Apr
Mar
400
—
Jan
6
Mar
2% Mar
50
~l5/a 1%
1%
10
Assoc
Malleable
$5
52% May
x4%
300
9%
fa
8
Jan
20 % Mar
1
Economy Grocery Stores
Jan
is
Jan
Apr
7%
Jan
1
Electric
Jan
10 Y4
25
45/a
43
$6 preferred
Apr
Jan
250
200
4%
19
Apr
43
Fuel
&
States
$7
Jan
37/a
5
"67/a
5 Va
Feb
100
Gas
Eastern
3 % May
6 3/4 May
52%
Jan
May
4% May
3% Mar
55
Jan
100
5
1
2
13%
Jan
10% Mar
600
110
*
common
Lead
Eastex-n
Jan
8
350
49
8%
*
Cleveland Tractor common,
Clinchfield
Jan
7
10
Lights Inc
Electric
Jan
*
Co
& Lambert
Clayton
85
*
preferred
City Auto Stamping
City & Suburban Homes
Controller
May
70%
52%
% May
Feb
prior preferred
Picher
8rfr
Apr
4
*
$6
Clark
100
♦
L $7
East
Jan
8% May
2Ya Mar
2,200
Feb
Jan
18 % Mar
1%
11%
preferred-——
Eagle
Jan
73/4
93%
63/4
10
——
3%
Apr
Apr
85% May
i3e Feb
200
9%
3'/a
Jan
E
Apr
4
*
&
P
4
1
$6 preferred BB
Cities
%
100
preferred
preferred
preferred B
$6
%
8%
3V8
87/a
5
Service common
Cities
85%
25
Shaft Co
Chicago Rivet & Mach
Flexible
Childs Co
85%
50
67/a
-■<?-
Jan
5%
73
70
_3Ya
100
Easy
Co__5
Chesebrough Mfg
Chief
76
8
173/4 May
19
53/4 Mar
6 3/4
Jan
2% May
7
50c
Co
Cherry-Burrell common
Chicago
Feb
Mar
6
100
100
73
73
pfd—-100
Metal Weather Strip
Chamberlin
Charis
pfd—100
West Utilities
South
&
Aircraft
Cessna
!'*v
4%
Products———1
Steel
Ohio
23/4
6
Feb
Mar
Jan
90
23/4
1%
493/4
4% May
"3%
10
35% May
90
4%
6
105
Apr
31/4
—1
4%%
*
com
Mar
May
Jan
10% Mar
I
.—100
Duro Test Corp common—.
Duval Texas Sulphur
preferred_100
Power 5%
Central New York
Central
Elec
Gas &
Power 7%
3%
—
—„„*
Co™—
preferred—
Jan
6
—1
America—
of
Central Maine
51% May
—
*
42
1,200
2 Va Mar
Jan
.1
common—.
Durham
——
Jan
100
—
1
common—
Dubllier Condenser Corp
Feb
12
10
common—
Catalin
5
47/a
—
5/a
1,1
Corp
Driver Harris
May
99
1
—-1
common
Carter
5/a
100
173/4
—
■■■■, v
Casco
Jan
1
7
10
Apr
400
2Y4
7/a
173/4
£1
20
100
22% May
10
—
xl9% May
36
Jan
—
1
Duke Power Co..——
—
——
121
A Mar
$7 preferred—*
—
May
8%
—*
common-——.—
Carolina Power & Light
//
(.■V;
900
—
*
class A——
Co
Carnation
—•
Ya
3/a
1
Capital City Products
121
10
183/4
47
1
Ltd—
Jan
Draper
P 121
121
100
8 Ye May
105
*
common——
Truck
Industries Ltd—
preferred——
Feb
Jan
,000
10
Dominion Steel & Coal B
Canadian
Jan
14
6%
500
1%
1%
1
1
7
Feb
14
*
—-
common
Shoe
Divco-Twin
Alcohol—
2V4
1 »1—
i"
— —
11
100
—
preferred———
Distillers
100
"23/4 _3
—5
Mfg———
Products
Diamond
23/8
Feb
37
—
—50
Detroit Gray Iron Foundry
Detroit. Mich Stove Co common.
Apr
«.r
2%
Jan
1% May
6Y4. Feb
1% May
2
Detroit
—*
1 % May
650
35
preferred
Gasket
De Vilbiss Co
voting
non
1%
—25
;
Apr
v. Mar
5% May
_
1
preferred without warrants—-20
•6%
Feb
Foundry Ltd—
Industrial
Class B
l3/4
3%
*
7 % participating preferred
Canadian Dredging & Dock..
Class A
1%
Apr
7/» Mar
200
—__
;
Canadian
1%
Ltd
Co
2%
1%
100
"73/4 "*8 3/a
1
convertible
Detroit
10
"l%
6%
—1
convertible
-
dep 5%c/o preferred shares—£1
Calamba Sugar Estate———20
.
—
___*
;
Derby Oil & Refining Corp com-
A Jan
A Jan
50c
Am
Electric Power..
1%
3/4
15%
12% May
5
class A common
$6 prior preferred™——.
8% debenture——.
Cable Electric Products common.—.50c
California
,500
8
Jan
D
Darby Petroleum common
Davenport Hosiery Mills
Dennison Mfg
Voting trust certificates™
Cables & Wireless Ltd— '
'
13:,/4
High
% Mar
*
Dejay Stores
■
12%
123/4
.5
Lighting Inc common—
-2.50
Curtis Mfg Co (Mo)„———
5
Feb
Low
300
3/4
4%
Curtis
Jan
13
Sugar
Tobacco
3/4
Jan
1,000
„
Atlantic
Range Since January I
High
Jan
913/4
8V4 Mar
150
Apr
67% Mar
900
81 y*
8%
*
.
11 Ye
803/4
*
Low
10
;
Cuban
Niagara & East Power—
$1.60
;
Line
Shares
*
common
Cuban
Brack Silk Mills Ltd
-
for Week
Par
' .■
Crystal
Sales
Range
of Prices
Friday
Exchange
May 22
7/
Week's
Last
Sale Price
STOCKS
Week's
1% May
% Mar
1 %
Jan
l7/a
Jan
2%
Jan
Class
6% May
7/a Jan
x%
18
Apr
Jan
21
$7
Gorham
Jan
$3
1994
1
*
class
preferred
—'-1*
———
Consolidated
Inc
1,800
Mines—
II
;
*
96
96
A
1
24%
24%
,.
A
7/a
*
A
12%
7/a
25
~20
Jan
Apr
7
UYa
105/a
28
n3/8
class A.^.—
B
preferred
Goldfield
II
Coal
Godchaux Sugars
May
4%
Alden
Apr
/ 9
Apr
100
90
A
i°o
Ye
100
250
23
32
Apr
Feb
Jan
A Mar
Jan
Jan
Feb
Jan
1%
28
Jan
Mar
Volume 155
Number 4075
THE COMMERCIAL & FINANCIAL CHRONICLE
1991
NEW YORK CURB EXCHANGE
STOCKS
New
York
Curb
Friday: "
Last
Exchange
Week Ended May
Week's
Range
of Prices
Sale Price
V£
Low
Par
Gorham
Grand
Gray
Mfg
common
10
Rapids Varnish
Mfg Co
23%
Atlantic
&
100
New York Brewery
1
Northern Paper
„
25
Greenfield Tap & Die.
*
Grocery Stores Products common__25c
Great
SGuardian Investors
Jan
29
58
131% 131%
__
100
124
%
27%
27%
27%
5%
6
300
200
400
3%
Apr
Jan
26%
Jan
Jan
is
Jan
35%
Jan
7% Mar
Feb
1 %
25
*
Utilities
$5.50
27 y2
3,000
24% Mar
34%
Jan
91
*
pfd
$6
preferred—
Gypsum Lime & Alabastine
101
101
101
2%
2%
*
50
Apr
108
Jan
Apr
2% May
109
Jan
92 %
100
2%
Feb
Par
Lackawanna
5
4'A
4%
500
16%
16%
50
1%
1%
300
3%
15
Co
Feb
Class
Hearn Dept
;
Stores
6%
Hecla
5
2
50
28
19
May
*
2
common.,—
Preferred
Heyden
Hoe
46
Horn
&
5%
C)
j'o
Oil
Huyler's
t
~6%
Le Tourneau
(Thos J)
Brothers
Hydro-Electric
—
—
5%
21
2%
69
69
50
15
15
200
13%
13%
50
_
22
325
14
49%
3%
51%
Jan
6%
Feb
88 % Jan
1%
Feb
17%
J an
5% Mar
7%
Jan
Apr
14
Jan
Jan
12
Jan
21%
30%
Jan
Jan
112
7
Hygrade
8
Sylvania
Jan
Conv
7%
58%
Jan
37/e May
5%
Jan
~2%
Jan
6
Feb
4%
900
15
400
Power
convertible
Div
arrear
Illinois
Zinc
Co.,
8
preferred
.50
200
18%
18%
certificates.Co
19
1%
300
1%
Mar
Feb
16
Jan
CO
Feb
"2%
Jan
Apr
18
Feb
i5o May
16% Apr
%
Jan
1
9%
23%
Jan
Mar
900
2%
Jan
Apr
13%
\Y
£1
Ireland
Great
Mangel
Stores
Consolidated
Mapes
Marconi
Tk
of
Marris
new
McWilliams
&
Memphis Natural Gas
Mercantile
Stores
Cigar Machine.—
$3.50
Merchants
&
International
Metal
International
Paper Co
International
Petroleum
Merritt
Chapman
Registered
A.
6%%
A
shs..8
Textile
International
Utility class A_—
8
8
1
—
Class
B
Middle
t
v
Apr
107%
Jan
Midvale
18
Jan
Mid-West
12
Apr
18%
Jan
Midwest
Oil
Piping
30
10%
% Mar
8%
8%
200
7%
60%
450
55%
Apr
11%
12
400
10% Mar
Apr
Jan
1*6
Feb
59
60%
1%
1%
100
Midland
9
.
9%
1,400
Co
Mid-West
Co.———
4%
400
Refineries
Jan
Minnesota
Mining
Pwr &
7%
6%
7%
2,700
& Mfg
Light T'/n
Monarch Machine- Tool—...——
9%
Jan
Monogram
Monroe Loan
9%
Jan
5
1,000
32
% May
3%
Apr
Apr
Feb
Pictures
Kleinert
Knott
A—
Moody
Feb
Moore
Jan
(I B)
13%
Jan
9% Mar
Jan
70
70
30
5
80
10
Jan
Jan
Apr
88
Jan
Apr
68
■
.
>
•
Ac!o
For
footnotes
see
page
1994
1
500
3%
2,700
8%
5% Mar
2% Mar
3
—
——
Apr
4
Feb
8
95
Jan
1%
1%
2
Jan
Jan
13%
Apr
1%
— -
14
41%
Jan
14% May
.2% Jan
1,100
1%
Jan
7
% May
38%
37%
387/8
300
Jan
% May
■
32
mim.
--
3%
May
82
Jan
90
—
Feb
67
—
Apr
100
Mar
100
3%
44 Va
Apr
6%
6
3%
Apr
%
%
800
4
Jan
4% Mar
Jan
4
V
6% Mar
5%
21% May
% May
Feb
30% Mar
1%
Feb
157
157%
—-
1%
Apr
1% Mar
5%
Apr
6
-Feb
Mar
161
'.Feb
Feb
17
•v
—
8
Investors partic pfd
Dist stamped
15 V2
8
1
(Torn)
210
—
—
152
15%
—
15%
100
,
Jan
15% Mar
17%
Jan
% Mar
%
Feb
2%
Jan
—
5c
common
4%
1%
common!
preferred
1,000
1% May
1,300
4
50
9
May
11%
Feb
99
Apr
114%
Jan
7
May
9
Feb
7%
Jan
10
5%
Apr
9
102%
102
8
——2%
8
100
Ohio Mfg Co
Muskegon Piston Ring,
1%
4%
8
100
Murray
Co
1%
—10
Power
8%
20
8%
100
—
:
V
May
* 5
.
Feb
7/a
Jan
5%
Apr
9
Jan
N
Nachman-Springfilled
National
Bellas
Hess
National Breweries
National
8
common
Candy Co
.
City Lines common
convertible preferred
Container
%
1
%
600
8
common
(Del)
8
1
50
1
-Jan
National Fuel Gas
8
8
Jan
National
Mfg & Stores common
5
200
4
5
May
National
Pwr
53
Jan
19
Apr
39%
Jan
ft Feb
Apr
18%
Apr
11
45
8%
45
43
250
8%
8%
1,000
8%
9
1,800
Feb
11
Feb *
12
Apr
14%
Jan
39
Jan
45
8% May
8% Apr
May
10%
Jan
10%
Jan
Jan
1
6% May
A Jan
18%
8
1%
1%
500
Mar
1% Mar
*
1% Mar
Feb
2
%
11
Feb
$6 pfci unstpd..8
$6 preferred stamped—
8
& Light
National Refining common
National Rubber Machinery
Mar
12%
Car
Ltd
National
Steel
Sugar Refining
Apr
National
Tea
% Mar
5%>. preferred
7Ya
Jan
v
Feb
National Transit
2
Jan
3%
Apr
National
Tunnel
Feb
10%
National
Union
85
87
70
8
8
2
74%
75%
300
Jan
1%
l7/e
200
68%
Apr
95%
Apr
93
Jan
1% May
.
2% Mayi>
5%
9%
100
Jan
7%
21%
*9%
Apr
24%
Feb
11
Jan
7% Mar
7% Mar
10
8
9
Jan
8
~2%
"2%
300
2%
Apr
30c
A
A
400
%
Jan
7% Mar
Feb
12.50
Mines
&
Radio
9%
10% MayV
4%
Jan
% Mar
85
May
50
Apr
52%
Feb
Nelson
12%
Feb
13%
Feb
Neptune Meter class A_—
*
6% May
8
Feb
2 %
Apr
4 Y
Jan
Nestle Le
8
1
1
Feb
97
Mar
Oil
Navarro
8
Co
Nebraska Power 7%
100
10
—
(Herman)
Mur Co
preferred——100
5
Corp
class A
•
Jan
62 %
8
8
3
May
Feb
10%
:
1
Feb
May
% May
x5% May
5
27% Mar
86%
Jan
11% May
200
116
1
100
•
25
600
5
1%
Jan
lVJan
2%
8
...
Feb
3
% Mar
3%
-
200
Jan
8
preferred..
Kress (S H) special preferred—
Kreuger Brewing Co.._•
'
2%
Jan
Apr
4%
6% May
1
convertible 1st
6%
22%
100
10
Koppers Co 6% preferred—
Kresge Dept Stores—
Jan
100
21%
6%
8
••
Jan
1%
8
6%
—
\
v
"7
2%
8
Mountain States Tel & Tel
$3
111%
6%
8
Inc
4%
4%
Apr
1%
May
61
80
2%
81
8
Rubber Co
Stores
Apr
% Apr
Mtge Bank of Col Am shs
ft APr
Jan
Corp common—,
Kobacker
3%
7% May
May
1
common
% Mar
—
10
Montreal Light Heat & Power
National
Co
7
1
Utilities
28%
May
4%- Apr
1%
Kings Co Lighting 7% pfd B_—
100
5% preferred D.____
100
Kingston
Products.—I.
—,1
Kirby Petroleum:
1
Emil)
'.1
——1
Society A
Dakota
Montgomery Ward
National
(D
—
100
100
common
J an
3*3
K
Klein-
Jan
1
Corp.——.
10
22 %
60
preferred—.100
Apr
%
200
Jan
Muskogee
2%
Apr
28
106% Feb
J-
■
Mock Jud Voehringer common.,—2.50
Jan
Jan
8
2%
l7/a
Jan
Feb
Jan
400
Apr
Jan
pfd__100
100
_____100
Ltd——
■_
—
%
1°6
5%
i6
4
8
G M Co
Jan
'
Mar
1%
101%
5%
4%
Apr
15
2%
115
Jan
26
——
—
Missouri Public Service common..—__8
National
Kirkland Lake
Jan
H
25
Jan
6%
...
94
imrn
•
Jan
1
'7} ,8
Jan
500
100
Jan
2
1/64 May
8% Mar
7%
1
8
A
25
18
%
1%
Jan
500
100
'i "•
Apr
%
1%
——
Feb
Mar
>>.'<
•
6%
8
10%
& Lamp
110
27%
pfd
Mississippi River Power 6% pfd
ft Feb
23
29
vy'/
-ft Mar
18
—
Jan >
Jan''
3%
47/e May
—
%
Mining Corp of Canada..
Mfg voting trust ctfs...8
Ken-Rad Tube
110
1
Jan
Jan
—
Feb
300
Jan
37/8
20
Jan
25%
...
5
—
8
%
'
5
—10
13
2% May
23
126
Mar v/
2%
——
27%
Supply
&
States
Inc..;—1
—
8
Producers
Kennedy's
—
50
City Copper common
Kansas Gas & Elec 7%
Feb
2% May
1
common
Mountain
preferred.,.—
preferred.,
Julian & Kokenge common
300
8% Mar>
Apr
18
—
_
5
Abrasive
Mountain
7%
2%
2% May
557/b May
1% Mar
Apr
90
$2 non-cum. dividend shares.———8
Mountain
0%
.
1
common.
Jan
Co
30
Jan
% Jart /
}| Feb
——
—
$2 conv preferred..8
May
(FL)
—
class A vt c.l
1
Jeannette Glass Co
—
3%
2% May
—
—
1
17
Jersey Central Pwr & Lt 5 %%
Apr
6%
104
2%
—
10
Jan
Jacobs
—
—
8
Mar
Italian Superpower A——
Apr
9% Mar
9
4%
Jan
Steel Products—
Molybdenum
39,200
1% Jan >
10
Apr
Apr
55%
102
2.50
77%
Feb
4%
9'A
1%
1%
A
>
27
2%
100
—
8
—
Apr
110
14%
8
—
2%
—
15
,
7/a
Fireman
100
25c
1
...
2%
100
8
Mills.,
2%
—
__8
Corp
Corp
Apr
93%
14%
Jan
May/*.
Jan
38a
1
Corp
12
92
14%
Jan
Apr
10
2%
__
5
c
West
86%
92
Jan
% Apr
1% Mar
25%
8
Scott
Power $7 preferred——
Iron
1,000
8
Royalty
Irving Air Chute;
A
8
Interstate
—
%
"
__
1
—
4
8
—
Equipment
Hosiery
Mar
8
Investors
Interstate
23
___*
Preferred-
Jan
8
Home
Jan
8
Michigan Bumper Corp
Michigan Steel Tube
Apr
8
Interstate
Apr
16%
c
Corp
27/s
8
Safety Razor B—
—,
12
50
8
t
v
Participating preferred
Metropolitan Edison $6 preferred
200
1/64
International
B
Mar
19%
__
8
preferred
8%
8
preferred.—l
$3.50 prior preferred
10
19%
4%
Com¬
Messabi Iron Co
Montana
Class
102
...
3%
8
Products
$1.75
May
3% Apr
&
warrants
shares.——
International
&
Jan
1
coupon
93
Co
preferred
Participating
Jan
50
Inc.—
Industries
10
Manufacturers class A..1
9
3%
•»
8
common
6%
8
series
Industries
1,000
1
common
Jan
Hydro Electric—
Preferred
4
93
%
Co...
Minnesota
International
International
4
93
100
....
Dredging...
7% Mar
America_—__10
International
Feb
2% Mar
8
common
6
100
North
23%
8
May McEwen Kaiser Co $4 preferred.*
McCord Radiator & Mfg B
8
Middle States Petroleum
1
preferred..
Insurance Co
Apr
1% May
,
Feb
Jan 5
100
Marine
Mass Utilities Association
8
common
%
24%
1
Steam Shovel—;
Marion
Jan
200
Feb 7
8% Jan
Apr
1
6%
6%
14
14
Margay Oil Corp—,.
Midwest
c
450
Feb
% May
Ltd.
Co
Jan
6%
______£1
t
Mfg
International
5%
Pipe Line—.
,7%
Indianapolis P & L 5% % preferred.100
Indiana Service 6% preferred.,.—.100
T,b
preferred
100
v
15%
preferred
Micromatic Hone
Indiana
Industrial Finance
14%
*T—
convertible
$5
Jan
6%
Jan v
%
Apr
15
optional warrants
5
Britain
;
225
Feb
18
M
Manati Sugar
Midland Oil
of
4,200
5
2%
—
Tobacco
A
15%
common
2% Mar
8
Registered
Imperial Tobacco of Canada.—
Imperial
%
15%
Michigan Sugar Co_.;j._
Am dep rets regis....—
Imperial Oil (Can) coupon
6%
.
Apr
Jan
Imperial Chemical Industries—
....
ft
Exploration
Warrants
Jan
2
127/e
—
8
...
Corp
Apr
5%
15%
.....100
preferred
1st pfd v t c
7%
Lynch
Metal
Iowa
&
Jan
\
100
"2%
2,600
8
1st
Mead Johnson
46% Mar
14%
2%
15
6%
8
Land
Apr
15
900
%
6%
27%
Apr
8
5
6
Feb
Mar
5
,______1
6%
100
Packing
munication
12
1
Securities
5
Feb
27%
11% May
8
common
Feb
%
Apr
13%
5
Jan ;•
Jan
% Mar
Jan
11%
12
*
...
150
Jan
5
Jan
3% Mar
400
4
150
13%
Jan
24
Mar
13
5
A
24
"6
Corp
Louisiana
Jan
Apr
Apr
110%
___*
Va
ft
13%
Steel Chain
Massey
21%
1%
1,200
"5%
Louisiana Power & Light $6 pfd
Ludwin Baumann & Co common..
10
27% Mar
5
preferred
5 %
2% Mar
3% May
8
Jan
0
Hygrade Food Products—
Illinois
Feb
Apr
Feb
10%
3,000
25
preferred
Jan
10
May
Apr
67% May
1% Mar
1,300
13%
4%
5
Inc 6%
Long Island Lighting
May
6%
Mar
10
100
1st
Jan
6%
13%
9% Mar
.....l
common
Jan
28
3% Mar
*
Ligonier
Inc...._
Lone Star Gas
1
Corp
Co
(R G)
Line Material Co
Jan
20%
May
7
500
—
6%
common
for
c
~6 %
6%
.
(Harvey) Inc
Oil & Refining.
Hussmann
6Va
__8
common
Baking
Fibre
100
1% Jan
3%
Feb
200
*
preferred
Humble
V
& Co
Development
3%
7aA
6%
Co common
Hummel-Ross
Jan
Jan
2% Mar
Jan
2%
25
Leonard
preferred class A
3% May
5
M
Hardart.
Hubbell
9
3
5% May
13% Apr
4%
preferred class B__
1,200
*
Hardart
100
A..8
8
6%
8%
10
_
Inc
&
class
43% Mar
Feb
2% May
»
8
7 Vo
4%
7
10
& Co class A
(A
Horn
Horn
High
May
May
2%
1
Feb
1% Mar
_2V2
(Geo A)
5
600
Lehigh Coal & Navigation
Apr
25% Mar
__5
common
Hollinger Consolidated G
Holophane Co common
Hormel
22
2,700
2%
8
1?
50
0
Chemical
Horder's
20
7%
2%
..1
1%
100
25
Products
(R)
22
6%
100
Bakeries
Jan
28
*
Henry Holt & Co participating A
Hildock
22
7%
Lefcourt Realty common
Convertible preferred
Conv
Rubenstein—
Class A
Hewitt Rubber
Low
2%
—
5
preferred
Jan
2
,
x4 %
25c
Helena
Co
Range Since January 1
High
1
common
2% Mar
common
Mining Co
Heller
7%
Co
1%
15
*
preferred
convertible
LOW
:
1
B
Loudon
Corp
100
%
1
Hat Corp of America B non-cot com__l
Hazeltine
Shares
4% May
Apr
40
25
Rayon voting trust ctfs___.1
Brewing
Ltd
Langendorf United
Lit
4'A
10
——
,
Electric Light
Harvard
(N J)
Lane Bryant
Lane Wells
Locke
Hall \ Lamp Co
Hammermill Paper
Hartford
RR
Mines
Shore
Lakey Foundry & Machine
Lamson Corp of Delaware
Lipton
H
Hartford
for Week
May
—
27%
83
131% May
27% May
5% May
%
—
*
Feb
i'u
Sales
Range
of Prices
Friday
Jan
Lake
25
Week's
Last
Sale Price
Exchange
4% Mar
2% May
62%
Curb
Ended May VI
1
Corp
States
3%
York
Week
High
Feb
__
62%
*
Greater
Gulf
23%
Tea—
Non-voting common stock—*.
7%
1st preferred-.,
:
Gulf Oil
Low
300
24
—-
5
Pacific
STOCKS
New
Range Since January 1
High
23%
1
Great
" Sales
for Week
Shares
109
2%
Apr
May
Apr
Feb
11 V
113
2%
Mar
Feb
Jan
Monday, May 25, 1942
THE COMMERCIAL & FINANCIAL CHRONICLE
1992
STOCKS
Curb
York
New
Sale Price
May 22
Par
New
England Power Associates
6%
*
preferred
$2
New
New
Haven
Y
Auction
Co
Apr
30 '/2
101%
Jan
Apr
4 Va
Feb
Quaker Oats
_
common
warrants
N Y & Honduras Rosario
1 %
0
—'
Merchandise—
Y
1.
N
Tt Founders
87
86%
*
1
Class
150
Feb
Rice
Feb
Richmond
May
53
Jan
Rio Grande Valley Gas Co
Rochester Gas
14%
Jan
51/2 May
%
Jan
Apr
3'/2
Feb
Va Mar
88
Apr
Jan
itito111
"2%
Ryan
Consolidated
Brass
Ohio
preferredOil 6 f/o preferred—
Power 4 Ms % preferred
Public Service 7% 1st pfd
1st preferred-
Ohio
Ohio
Ohio
.6 c/c
Edison
102
15
125
108
Jan
9% May
151/2
Mar
St
Jan
Lawrence Corp
Class
Jan
3
St
7%
Oilstocks Ltd
2%
Apr
Feb
i
common
~5 %
~5%
United
12%
12 7%
Mills
prior preferred
conv
United Filters B—x
Omar Inc
,
Savoy
Schiff
Co
Schulte
Mar
112
Jan
9IV2
Apr
110
Feb
Feb
98
Feb
6i/a Mar
5% May
—
——
Securities
Overseas
Apr
17
Jan
Apr
48
95
May
111
Jan
"31/2
May
4
Jan
1%
Jan
2%
Feb
-
Convertible
Scovill
Gas & Elec 6r/r
Pacific
1st pfd-
preferred—
Pacific Lighting $5 preferred
Pacific Power & Light 7r/o pfd
5%%
1st
Service—
Public
Pacific
26%
26%
700
24
24
100
24%
22% Mar
Motors
Paramount
Parker
Scranton
Lace
Apr
Mar
87
Feb
Mar
12
Feb
Jan
4%
3Va May
3% May
__
IIV2
Jan
10
May
30
Steel
common—
Co
Penn
Apr
31
Apr
%
—
Feb
.
„
$6
Power
Salt
Mfg
Sugar
Penn
Water &
Pepperell
common
% Mar
■
46% Mar
Inc common—.
112%
2
—
—
Securities
Phoenix
Control-]Mining
Denn
Shattuck
Pitney-Bowes
Sherwin-Williams
Silex
Co
convertible
$3
Apr
125
75
135
132
Manufacturing Co
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
Jan
8
Feb
Sioux
Feb
Skinner
56
City Gas
& Elec 7%
Apr
2%
Jan
175%
Jan
3% May
Soss
Manufacturing
South
Coast Corp
3%
42%
43%
700
36%
45%
Feb
South
90
88%
90
200
81
Mar
06
Jan
Southwest
20
Jan
22
Inc
Jan
1%
Apr
2% Mar
31%
Feb
Jan
4%
Feb
4%
2,500
3% Mar
6Va
Jan
200
31% Mar
36%
Jan
8'A
3,500
"
4%
4%
8% May
400
1%
1%
Apr
4% May
100
50
1%
5%
Jan
Jan
43
Apr
63%
Feb
12
Jan
63
Jan
Jan
280
9%
9%
100
62%
1,600
Apr
55'A Feb
2?A
500
2% May
3%
Feb
7%
Apr
7Va Apr
% Apr
8%
Apr
8
Jan
12
Jan
-1% Mar
2%
Jan
Jan
4%
Feb
2%
Jan
2%
Jan
16%
Feb
19%
Jan
Va Mar
ft
2%
48 %
9
Penn
34
7.50
vL-l*--;
10
25c
5
Sugar common
& Alexander—
1,400
2%
2%
2'/2
-!
•
—
,3
5
*
7
•—
*
•—
:!
C"
%
Mining
1
Prentice-Hall
Inc
200
17
16%
Premier Gold
4,200
"
Pressed
■
Producers
common--—
of
Metals
America
of Nevada——
Corp
'Providence
G
.
v
-
•
,
Jan
2%
common
32*
•
02
;
Line
Pipe
61/2
1st preferred
100
99
99
10
100
107
107
10
2%
41%
___.
Sound Pulp; & Timber.—
Pyle-National Co common——.—5
41 %
Puget
Pyrene
For
Manufacturing
footnotes
see
page
_
1994
3
34
May
69
7
Mar
Jan
9%
Jan
%
Apr
36
Mar
Mar
700
ft Apr
%
1,300
2% Mar
3%
%
Jan
Jan
Jan
9
1%
1%
1%
39
39%
ft
600
Jan
Jan
32
Mar
Mar
1%
Jan
Feb
900
Va
—
1
40
39%
38
Apr
45 Va
150
38
Apr
45
100
2%
39
250
ft
39
200
ft
—
—
—
.
Va
Feb
2%
—
63% 66
112% 112%
65%
112%
5 Va
Feb
4
2% May
110
60
Jan
Jan
70
59% May
2,050
Feb
Jan
;
10%
Feb
9%
Apr
4% May
4% May
—
.
y«
Apr
4%
113
Jan
Jan
9%
Jan
9%
Jan
9%
Jan
10
15%
Apr
17%
1%
Jan
2
Mar
Apr
145%
Feb
Feb
1%
Feb
1%
Apr
130
280
140
138
140
1%
—
Jan
Apr
io
—
__
1%
700
3
Apr
hi
Jan
1%
Feb
Apr
2%
Jan
Jan
2%
Apr
2
1
1%
1%
2%
2%
11
1%
1%
—
Jan
3 %
100
fr
300
Jan
25
Southern Colorado Power class A—25
Southern New England Telephone—100
Southern
Phosphate Co
10
Southern Pipe Line
10
8%
44
;
-
7
•
-
100
1st
._
7
100
;
27
Mar
100
24% Mar
42
24%
107
107
5%
5%
20
Jan
26%
:
Jan
28%
23% Mar
107
—
6%
6%
—
105
Jan
%
5%
Apr
6Vs
200
6%
Jan
7% Mar
Shoe
Corp.——
—
Standard Cap & Seal common
Convertible
preferred
Standard Dredging Corp common
$1.60
convertible preferred.-—
Oil
(Ky)_
-
(Ohio)—5% pfd__
Standard Oil
5
7/a
Standard Power & Light——
Standard Silver Lead—'—
109
Feb
Apr
111
Mar
Mar
103
Starrett (The")
•
Feb
Jan
52%
Feb
Apr
16%
Jan
8 Va May
8Vi May
6% Apr
7
Feb
B
1
10
1
•.
20 /
10
100
2
—
-
Feb
18
—
,
—
Feb
14%
Jan
75
A? 103
Apr
110%
Feb
ft Jan
Vs May
j'a
Jan
1st
preferred—————50
2d
preferred——
.
;«
18%
—
.
18%
—
02.
-
.
%
13%
300
ft
•
-
—
-
.
--
46
5%
25
>34% 34/2
-
•
M
--
-
Apr
2
8
Apr
34
.
Apr
9%
"
i
100
...
8-
Feb
41 Jan
■
.
35% Mar
8
Apr
.:47/s
.
Jan
3%: Jan
i
"
--
5%.. 0/0.
Apr
ft Mar
46
Apr
.
Apr
2% May
100
2
20%
Jan
Jan
;
Jan
1% May
"
300
./
--
ft
ft Mar
—
—
Va May
19% Jan
6Va May
May
4% Mar
— ——
20
1
—1
Vr
•
12
—
,
Jan
10
~-
•
Jan
500
200
—
'
•
12Feb
•
.
-
5%
••
.
2
Jan
Feb
*
v..'.
14
1%; Apr/
—
—
—
Jan
% Mar
3 Va
11
.10% 11
107% 108
—
.
%
Feb
97/a Apr
—
.
—.
—
2% Jan
Feb '
1% May
300
2
1%
—
.
—.
—1
-6%
Sterling Aluminum Products
Sterling Brewers Inc.—
Feb
Jan
1/64 Jan
Vs
.
& Co common—*:
Sterchi Bros Stores..
Jan
1 Va
.May
—
,,
.
.—
-1
Corp voting trust ctfs—1
*
Steel Co of Canada—
Jan
6
.
,
Jan
ft
'
—
—1
-5
——-1
Standard Steel Spring
Apr
.27%
-
1% Mar
0
0
2.78
—*
—u-
class
10
—
—*
Common class B—
Feb
Jan
%
100
r:.
Preferred
2V4
1% May
23 Vz May
Va
Feb
100
—
—
Feb
Jan
122
May
1/64 Jan
Stahl-Meyer
Inc.—
Standard Brewing Co
7%
1
-
Jan
Jan
800
26%
Standard Products Co—
35
■
8%
35
% Feb
1
*
(AG) & Bros
preferred
Spanish & General Corp—
Amer dep rets ord regis
Spalding
Apr
-11%
.900
■
•
Apr
30% Mar
310
34
34
26 Va
23%
—
25
—5
preferred A
Royalty Co—
Southland
Apr
8?
'
8%
100
*
Southern Union Gas
%
96%
27 %
25
28%
28%
—
34
4%
Feb
106
375
98%
95%-
preferred—:
70
100
Apr
8%
26%
Stein- (A)
prior preferred
$6
%
%
3
25
6% Mar
100
,6%
Jan
Puget Sound Power & Light—
$5
7
—
*
*
1
25
Standard Tube
.
18
Edison—
original preferred
preferred B——
5%% preferred series C
Jan
3
6%
33
fi. x\>i'; :• ■'? av'
*_
Jan
10
4%
800
...
y
.6 %. 1st preferred—.
112% Mar
Mar
% Mar
25
Oil——
Pa
Apr
ft May
Service of Colorado—
Public
7 ric
33
1
*
Gas——*
.
_
ft.
1
Prosperity Co class B
Jan
26
19% May
700
35
6 %
Standard
^P'ratt & Lambert Co„
34%
34
1
1
1
common
California
Southern
Spencer
'•
;
11% Mar
Jan
51
62
25
1
53%
61%
51
10
common
ft Jan
Jan
Apr
Jan
10
Apr
39
—- —
50
Corp of Canada—
Power
Apr
35%
.,
34
1%
tpolaris Mining Co
Powdrell
Jan
4
3%
■
8%
"
May.
29%
v
11/4
'•Pneumatic Scale
'•Potrero
1%
4%
3
25
"•"A
10
common
Feb
8%
Feb
8V4
v-r.-iV'*':
Plough
ft
100
—
*
1
1
Co
Corp.—
43 %
1
;
Apr
600
£1
100
5
pfd
Organ—
100
*
Pittsburgh Plate Glass
•pleasant Valley Wine Co
12
100
ft
10%
20%
16
1
51
100
-
3%
30
Metallurgical
Pittsburgh
% Jan
*
common
Simpson's Ltd B stocks
Sonotone
30
Pittsburgh & Lake Erie
10
21% May
Apr
10
*
preferred
Simplicity Pattern
Manufacturing
200
.
Apr
Apr
*
Solar
1
E RR
%
111
100
common
Solar
70 Vt
<■
Bess & L
Pitts
Feb
%
ft
10%
19%
•
—
25
common
pfd series AAA
Sherwin-Williams of Canada
cum
Jan
10
3
Meter
Jan
"
Power
Jan
90
75
3
common
3%
120
10
20%
0
5
100
88%
75
Postage
Gold
Pioneer
Jan
Apr
%
1
1
105
87
Mines Ltd
Governor
Pierce
Jan
'
2
*
Safety
Serrick Corp class B_.—„•
Sentry
(H) Paper Mills
Aircraft Co
—
common
2%
Apr
19
25
Smith
—
$3 preferred series A
Conv
8% May
Apr
107
—
—5
prior stock.
Feb
—
Co——
Packing
Phillips
1%
100
Feb
*_25
pfd
Feb
500
2
Allotment certificates
%
*
Power 5%
Electric
1,500
14
8% May
5%
Phila
1%
1%
112% 113
—
1
Co—°
Shoe
30%
1
Philadelphia Co common
Apr
1
Segal Lock & Hardware
Seiberling Rubber common—
Mar
ft Mar
78% Apr
*
Co
Pharis Tire & Rubber
Apr
%
0
26
100
Co——
Mfg
1%
1,100
*
Bros Inc
3%
Jan
5% Apr
T
*
Power Co..
Perfect Circle
2%
-+
50
20
Co——:
Prop
Penn
600
*
Light $7 preferred
&
preferred
Penn
6,400
1(1
com—
Jan
600
%
*
*
Gas & Elec class A
Penn
:
common
*
preferred
$2.80 series
2%
7Va
1
Pennsylvania Edison Co $5 series pfd-*
Penn
~2%
6%
2%
1
Cent Airlines common
Feb
2
~1%
%
10
general
Corp
Securities
Singer
Pennroad Corp common-
5Vb
"l%
—
preferred-—-
Scullin
Jan
30%
24
—
__
2%
Co
Jan
Simmons-Boardman Publications—
preferred A——————25"
Traffic
Jan
3% Mar
Jan
6% Mar
4% May
Penn-Mexlcan Fuel--—L----50C
Penn
53
Spring Brook Water Service—
Scranton
5%
-
Vb Mar
•
Feb
Jan
Jan
31/4 Mar
-
1
—*
*
Parkersburg Rig & Reel
Patchogue-Plymouth Mills
Peninsular Telephone common.
$1.40
5,600
10
Co
Pen
4'/e
Jan
Jan
2%
100
preferred—
$6
Shawinigan Water &
1
Corp
27%
98%
Apr
11%
4
Feb
2%
3%
—
Seton Leather common
1st
3% Mar
Jan
15
36% Mar
100
2%
2%
25
;——25
*
preferred
Electric
Jan
72
*
preferred—
Page-Hersey Tubes
*
Pantepec Oil of Venezuela Am shs——
$1.30
29%
90
26%
40
———
*
Manufacturing
$5.50
*
25
25
*
100
*
common
9% May
40
—_1
vj Convertible stock
-f
:
100
5
Selected Industries
Co
Apr
10%
*
common
Scranton
Selby
Can
1%
10%
1
common
common..
(D A)
Seeman
•v'
Pacific
4%
Jan
12
80
100
Apr
*
Oil Co__
Feb
Jan
Jan
171/4
40
100
9%
2Va
_1
5
100
—
112
200
Apr
200
1
Corp
100
100
12%
7%
2%
—50
Co—
Apr
Feb
30
5%
15
50
*
*
1
1
preferred
$5%
Oil
100
120
97%
97%
Ltd
pref
common
Jan
98
104% :104 J/4
Jan
12% Mar
2%
1
*
1
Petroleum
Jan
95
May
12% Mar
5
.
94%
Jan
77
5
preferred——
Dome
$6
Oliver
conv
Paper
110
100
100
100
100
——5
Oklahoma Natural Gas common
$3
$2
A
Regis
14
$6
Jan
Jan
Apr
Sanford
15
15
*
class B common
Co
Ohio
x
Apr
93
*
& Haynes common
85
4
Ogden Corp common—
5%
Jan
Apr
Jan
l7/a
Feb
a'a May
3%
l7/a Mar
100
Apr
———
—2%
51 % May
Jan
i •/
2
i
Ave
Samson
2
11%
100
—100
100
Aeronautical Co
O
In
Apr
———
—*
Ryan
11
Jan
10
Jan
Typewriter—.
Russeks Fifth
3la May
1
1
5%
Jan
Royal
Jan
3% Mar
800
3*2
11%
May
% Jan
Ross:a
Jan
77/a
11
11
Jan
Apr
Jan
3
100
3%
27/a
convertible preferred——20
International
*
$1.20
17
87
ft
8,500
9%
274
18 Va Mar
Apr
%
Boot Petroleum Co.—
17%
72%
Jan
14%
6 Va
._
501/2
II 11
Apr
2%
1% Jan
ft Jan
Va
Cable Corp common
Field Inc
Rome
Feb
1
51%
Jan
1% Mar
% Mar
preferred—
Roosevelt
Ryerson
1
47
50
49
Apr
pfd C
6%
6%%
151/2 Mar
10
49
16'/a
1
Roeser & Pendleton Inc
Salt
„•
& Elec
Tel
Feb
ft Jan
Jan
v t c
preferred D
Jan
2V2
1
C4
51%
51%
*
Corp.;
Novadel-Agene
ft
13% May
1
*
...
151/4 May
1
—100
:—10
25
Power class A
States
Jan
6%
1
Goods
Radiator
Rochester
Feb
50
Dry
90
Apr
%
1
Manufacturing Co
Stix
Jan
x'6
t
325
59%
58%
*
Northern Central Texas Oil
5
Nor Indiana Public Service O'/o pfd_100
Northern
% Mar
2%
5 % May
1
North American Utility Securities
Pipe Line
ft
Apr
200
1/128 Mar
8% May
*-i 10 10
%
—50
preferred
ft May
Apr
4
5
1
Aviation
Feb
86
Jan
Apr
50c
Engineering
27
21/4 Mar
1
1
7%
Republic
&
1%
i/a Mar
—
Northern
22
32
*
Co
Oil Corp—
Electric
691/2
1
700
9%
8%
Amer Light & Power common—1
preferred
*
——0
N.orth American Rayon class A_
*
a
Class B common
*
J
Foster
Apr
Apr
North
t6'/o prior preferred
Reed
Reiter
Mar
7
1/256 Mar
1
Jan
8%
8%
1.
Jan
200
87
87
5
$6
Roller Bit
Jan
Jan
2514
6%
9
Noma
20
10
Co__
Rheem
1 OO
\i
2%
2%
87
Mines—;
Electric—'.
Jan
102
Feb
11/4
225
1
Nipissing
9iy2
Apr
70
150
56
Apr
140% Mar
140
140% 140%
1
Raymond Concrete Pile common
*
$3 convertible preferred•
Raytheon Manufacturing common—50c
50
2,500
55
1
*
—,
Feb
Jan
100
Feb
19V2
20
1%
1%
52%
1/128 1/128
5
—100
preferred-
A
Railway & Light Securities
Voting common—
36
24%
24%
1%
preferred
—
—100
Class A optional warrants..
Class :B optional warrants
Nineteen Hundred Corp B
9'/2
Jan
May
94
2d
Niles-Bement-Pond
Feb
18
Apr
6 %
55
High
R
Reliance
Niagara Hudson Power common
10
5%
1st preferred————100
Niagara Share class B common
Co
Radio-Keith-Orpheum option warrants-
Red Bank Oil
"10
95
95
York .Transit Co————————5
N' Y Water Service 6c/o pfd
—100
'
2%
74
I
Ne%
5%
Jan
20
1
shares
preferred"
Power
^7
*
100
*
common
6'/o
Quebec
Jan
Apr
Feb
811/2 May
1 ! 01
1
Y State Electric & Gas $5.10 pfd_100
N
1%
3%
7%
10
preferred
Y Shipbuilding Corp—
Low
Railway & Utility Investment A
7% preferred—100
$6
Apr
Mar
127/a
,-10
-.
Range Since January 1
High
Jan
"2%
*
N' Y City Omnibus
N
68 Vz
Apr
50
600
54
Low
Jan
1%
!
;
N Y Power & Light
12
IOV4 Mar
51
Shares
Jan
Apr
*
Npw Process Co—
N
19%
3
New Jersey Zinc—25
New Mexico & Arizona Land
—*-1
for Week
Jan
80%
*
common--.
l'/2
Apr
40
90
.86
Sales
Range
of Prices
Friday
Exchange
May 2'i
Par
375
23'A
22%
23
CD O
11
-100
100
Clock Co
New Idea Inc
?
Curb
Ended
High
Low
%
Week
1
Range Since January
Shares
— -.
100
100
*
,
preferred
England Tel & Tel
New York
for Week
High
Low
.
Week's
Last
Sale Price
STOCKS
Sales
Week's
Range
of Prices
Friday
Last
Exchange
Week Ended
<. /ft.-:
Apr
.6
Mar
1% Mar
:
p-mllMtti*. ki-Jkui
NEW YORK CURB
York
New
Curb
Range
Inc—1 ■
Stetson
(J
B)
Co
Stinnes
(Hugo)
Stroock
(S)
Sullivan
U
*
Sun Ray Drug Co
;
1
Sun ray,
Oil
1
5%% convertible preferred—
_50
Superior Oil Co (Calif)
25
Superior Port Cement class B com—*
Swan Finch Oil Corp
15
10
10
100
600
Jan
3'/a
Jan
2%s
8
'A Mar
3'As
s
f
13/8
.
•
,1%
,
s
f
debs
Jan
12
700
.
8
t
debs„— .1950
9'A
Jan
Amer
2'A
Jan
.1960
"45% Feb
Pow
&
Lt
deb
6s
2016
103%
January 1
102%
LOW
No.
J-J
Apr
Jan
Appalachian Pow deb 6s
Feb
11
Feb
Arkansas Pr
Jan
8
May
Associated
Lt
&
Elec
—2024
5s
1956
4 %s„—————.1953
94%
94
3-D
High
80
106
A-0
106%
J-J
,
40'A
102
1
102%
70
793/4
'XX>,'X?:3r
106
127
,11
105
1071%
68
38
47$
40'A
$8 %
82
104% 107%
124% 130:-
106% 106%
39%
109,r
86% 1063A
7
v
104
101% 106%
12
95"%
-
1125
v
/
103% 103'A
80
-
-
23
103% 103%
'
yX'',
M-S
J-J
7%
100
J-J
Writing Paper 6s—1961
Appalachian Elec Pow 3'As
—.1970
103A
35
Range Since
Sold
High
102
102
J-J
Amer '
Apr
Bonds
Sale Price Bid & Asked
J-3
.1870
;
26
...
Period
Jan
40
...
31%
8
13s/8
Apr
l3/u May
'
30%
30'A
Apr
2,600
Friday Week's Range
Last
or
Friday's
Interest
American Gas & Electric Co.—
8% Mar
—-
Exchange
May £2
debs
3%s
8'A
9'A
-
Stock
Low
1
Apr
% Mar
93/4
10'A
9%
*
.
Machinery.—
York
Week Ended
•
High
2 3/4 May
5
Corp_
Co
1,700
*
common
Low
■
tt
\\
BONDS
New
Range Since January 1
High
Low
XXxyX'Par:;
Sterling
for Week
Shares
1993
EXCHANGE
Sales
of Prices
Last
Sale Price
Exchange
Ended May 22
Week
Week's
Friday
v
STOCKS
Jt, 1 twrvVi&vtr&W?
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4075
Volume 155
il&Jftb r&,gi»,
9%
§Associated Gas & Elec Co—
Technicolor Inc
Thew
Tilo
Shovel
Co
pfd
&
Tobacco
171/2
500
7%
2%
7
15%
100
151/8
14%
1
Stocks
Allied
*
15%
5%
Feb
1/2
Jan
Feb
40'A
*
—
3% Mar
Jan
%
Apr
2 3A
—
—
Apr
Feb
Jan
3%
Amer
dep rets ord regis...
Edison
6 "io
Tonopah Mining of Nevada
1
Inc
Tubize
Chatillon
85
Mar
30
95
Mar
105
65
200
i3o
95
Apr
103
Jan
111
x
Light 4%s
City Elec 3%s
& Sons
with
% Apr
%
Jan
5A
1,400
% Mar
%
Jan
4%
100
33/4 May
5%
Feb
1G
1,200
Apr
%
"3%
1
,
"3%
400
Apr
~43A
Jan
29
30%
30%
500
35
Jan
1%
200
1%
.1
preferred
*
3%
29
Mar
1%
warrants
Aircraft
United
M
5s
6s
Cigar-Whelan
United
Corp
Stores
13/4
Feb
6%
1957
5s
series
C
Bethlehem
...I960
—:
Steel
6s
1998
Birmingham Electric 4%s
Edison
Boston
Broad
River
2%s
1968
5s
Northern
111
Central
El
§ACentral
1954
Power
Gas
&
—1970
:
Power
States
5s
1953
3%s__
Elec
Molasses
series
102
102
2
M-N
U
S
preferred
M-S
F-A
1952
A-O
1955
A-O
1966
M-S
5%
Apr
7%
Jan
2
Feb
2%
Apr
77A
Jan
Debenture
5s
1958
Debenture
5s
1969
100
14
Mar
11
""% "A
15
% May
1,800
3*2
Cities
Service
deb
Conv
5s
Jan
5s_
.1950
%
Jan
Cities
Service
P
L
&
5%s_
3/8
IS
102
101
common
Lt
&
Pr
El
Lt
&
1263A
Jan
3'As
3*2
Jan
1st
ref
mtge 3s ser P
1969
92% May
'A Jan
1st
ref
mtge 2%s ser Q
1976
1954
A-O
1958
F-A
1944
3-D
1955
M-S
97%
Apr
32
Jan
83'A
Jan
32
352
1,100
% Mar
% Mar
14
14
200
21
21
25
21
77
21
77
40
'A
72% Mar
10'A
Jan
23
Jan
Community P & L 5s
Gas
series
—1957
7s
Jan
54
55%
Gas
(Bait
Cudahy
Eastern
5s
Packing
3%s__
Gas
Electric
Fuel
&
Power
&
40
39%
40
Jan
Elmira
57%
Feb
Empire
District
38
700
437/a
May
"2%
2%
Jan
3%
6%
Jan
8'A
Apr
%
Jan
'A
Jan
May
4% Apr
53'A
50
45
27% Mar
—
100
47%
43A
47A
28%
28%
28%
43.
7A
13/4
1%
El
Residential
6% Mar
6s-5s
300
1%
Gatineau
General
Jan
Gen
6
Utah Power & Light $7 preferred
stock
4'A
Jan
5%s
—
—
6%
46
800
15% May
3S2 Apr
Jan
1% Mar
§AGobel
Jan
2
Mar
Grand
Jan
%
Jan
Great
Nor
Apr
8%
Green
Mountain Pow
Alden
26
Feb
29
Jan
Grocery
Mar
500
463A
125
25
.5
100
*
Manufacturing
11%
Feb
Apr
33A
Jan
§AGuardian
62
Apr
1% Mar
Jan
Jan
33% Mar
13
3%
60
38 3/4
Hygrade
57
3%
60
1,400
20
3%
500
Wagner Baking voting trust ctfs ext__*
7% preferred—;
...
—100
class A
Apr
%
Apr
3%
52
17%
Apr
Jan
Feb
90%
Jan
81/2
Jan
5
"1/4
1
5
1
Co
Wayne Knitting Mills
Wellington Oil Co—
%
$6 preferred
Coke
1%
"a
3,200
1
a*2
Apr
1% Jan
x3%
37/8
800
2%
2%
1,100
27/8
2
6
Jan
Mar
Mar
i*6
Jan
1/2
1st
13 %
Feb
95
Jan
Jan
4%
Apr
Mar
2%
Jan
13
Mar
16% May
12
Mar
20
—10
Weyenberg Shoe Mfg
.
V
$97%
$45
98
96% 102%
..X
50
:
4
$103% 1037A
103%
85%
——
47
-
12
86'A
X
'
104
793A
95
88%
95
4
-,
100<
94% 103%
ri/;
_.
-Kt
99'A
99 3A
2
99
83%
19
77
53
88 5A
F-A
—1958
$108
112
3-D
$99
100
J-D
$78%
83%
40%
41%
2
15
15
9
14%
19
1948
M-N
1966
5s
--
J-J
3-D
Jan 1949
--
108'A 108'A
99
—
102
67
80
39
_
47
6s
ser
84%
———
87
86
A-0
A-O
3-D
98
97'A
98%
17
93% 105%
3-D
96
95%
96
37
90
$108% 109%
102
1950
J-3
F-A
773A
1952
1970
A-0
116'A
1955
1955
3-D
1957
Service
$91%
M-N
1950
Indiana
M-S
1958
F-A
5s
5s
5s
3'As
& L
§International
Power
M-N
107% 110%
22
10034 101%
May 1957
ref
83
84
•
1954
1956
5%s_
&
85
$83%
109% 111
1953
A.
series C
Hydro-Elec
lien
$83'A
—
1
—1967
3%s
1st
110% 110%
A-O
A-O
A6%s
series
A6%s
78%
—
93
2
77'A
100% io3ya
71% 80%
15
78%
77
78%
X 18
113% 116'A
71%
15
•
105% 105%
104%
88'A 100
...
.
102'A
A 7s
A 7s
(Aug
series
A 7s
1941
Power
80%
79
3
116'/a
$7
$6%
6s
Superpower
74
J-3
34%
J-D
6%
■
5
65
78%
31%
39%
74
78
32
34'A
33
.
;
65A
107% 108'A
4
8
42%
63/8
15
44
42
7
>7%
10
1053/4 106%
42
8%
53A
■
72
8
6%
5
'
$1073/4
M-S
J-3
7
5
5%
8%
6%
J-3
J-3
1958
1963
6
7%
—'
1952
4%s__
Light
8%
>
1957
Gas
Elec
6%
Power
& Elec
38
8i
J
54'
$107
M-S
122
122
1969
J-J
111
106 :
Ill
1966
A-0
1957
3-D
1948
F-A
——2022
6s—
105% 107%
108
..
107b*
~T
120% 125.,"
8
110.; 112(
Jan
Pow
&
Lt
3%s
7% Mar
Lake Superior Dist Pow
11/4
Jan
2%
Louisiana
1
9%
Apr
Jan
Jan
8%
Apr
104
Mar
Jan
4
Jan
41/4
1
41/4
100
4% Jan
6%
Apr
4.
4%
Jan
Feb
Pow
& Lt
Ltd—
McCord
Radiator
&
*
3% Apr
1%
1%
2
1,700
108)
$106% 108'A
108% 108%
106
19
106%
107% 109
4
1% Mar
2%
Mar
Jan
Mfg—
6s stamped
Mengel Co conv
Metropolitan
4s
series
4%s
Edison 4s
Midland
——1947
E_——1971
,.1965
G
Middle States Petrol
5s
3%s
5s—
12% Jan
Mar
1,300
,
105 % 1073/4
■
1952
coupon)
5s
6s
&
$6%
1957
coupon).
1952
Power
Debenture
Iowa
1941
F
(July
Interstate
coup)
E
series
A7s
1941
1
6% May
6%
X
98% 106'A
Sec—
C
(Dec
Kansas
574 Jan
6%
l.
87%
90 3A
1945
6s
6s A___
5s
Kansas Gas
6%
■
100%
82%
81%
1963
3%
6s
—
85'A
1950
stpd
.*
common—
40
«
103
74
99% 100 7A
$58%
25
102% 105%
103'A 103%
$93
1003A
M-S
4
—
3-D
94
1994
92'A
104',A 1053/4
41'A
1966
10
page
12
123%
1
1965
Feb
.10
see
105%
86%
68'A
122
2
3%s
pfd__100
footnotes
105
80 »A
43
;<■!
•
37
Kansas
Cement—
Wright Hargreaves Ltd
31
78'A
90%
Mar
Light 7%
receipts
82'A
122
88%
12
&
;
77'A
45
1942
Power
Woodley Petroleum
105
81%
122
90%
(stpd)
57/a
,
Co
—.
88%
Jersey Cent P & L 3%s
—...»
—
78%"
44
Jacksonville
Portland
For
•
90%
Jan
Wisconsin
deposit
69
Mar
Wolverine
American
93%
62
1003A 102%
44
19
5% Mar
Heating—
Inc
(F W)
69%
10
M-S
15
.10
,
Williams "Oil-O-Matic
815A
J-J
Jan
.1
Wichita River Oil Corp
Williams (R C) & Co
ref
deb
Italian
Westmoreland Coal—
Woolworth
1013A 102'A
M-S
1950
B
Lt
&
&
f
S
3% May
2% Jan
72
Westmoreland Inc.——...
—1941
Jan 1949
Food
Indiana
Jan
t
61% May
Wolverine Tube
1
'
20
common..
5s
West
&
Power
Pwr
6% May
Western Maryland Ry 7% 1st pfd.. 100
Western Tablet & Stationery com—*
Wilson-Jones
51
62
Jan
81
r
Feb
1% Mar
94
2%
57/a
Feb
11
5
—
Apr
% May
;__*
Western Air Lines Inc
Mar
100
—1.25
manufacturing
J-D
1965
Indianapolis P
3% May
6
*
Class B
J-D
1st & ref 5%s series B
41/4 Jan
May
79
*
—
;
J-D
AIndianapolis Gas 5s A
3%
,
•:>
J-3
A-O
1978
& Pwr 3'/2S
series
6s
Jan
7% Mar
*
Co
Products
—
A-O
1953
5s—1943
4s
Investors
Houston Lt
1st
Willson
121% 125'A
76
Jan
1% Mar
W
Grocer
123
75'A
62
J-D
J-J
..1948
Elec
4s
Prod
Store
Guantanamo
41
%
,—1
Petroleum.........
Virginia Public Service 7 7o pfd
M-N
1956
4%s A
West
Power
Jan
23/a
3*2
35
Coal
(Adolf)
Trunk
25
111
Western
108% 110
Jan
6
Glen
Idaho
&
$120
75%
M-S
1969
Rayon 6s A—
18% May
2%
—1966
...
Water Wks &
Apr
__
35
1954
A
AGeneral
Apr
1
Valspar Corp common
$4 convertible preferred
Coal
__
-
M-S
Georgia Power & Light 5s
Feb
10
23/a
—10c
1
common
Va
99% 103
aa
M-S
A
6%s
7/s
*
*
1
Products.
West
1043A 107%
1013A 1013/4
F-A
5s
Serv
Util
12 3A
—
5
Sugar.
Texas Utility
106% 106%
1954
3%s
Power
Pub
Public
,3o Mar
900
*
West
$109'A 110%
M-S
Florida Pow & Lt 5s_.
Jan
30
Feb
1% May
70
1
Wentworth
100% 104%
117% 122'G
MO
J-D
1956
Florida Power Co 4s ser C
%
....
8
Co
Mining
7
101'A 101%
-SO
96i%
96%
64
J-D
2030
Mtge Bank——
—1961
stamped
l3/4
15
1
1
common
Walker
9
J-3
1956
5s
A
143/4
*
Insurance—
Waitt & Bond
83 %
62%
$121%
5s
RR
&
Va
2
Pictures
Aircraft
68
Jan
50
—
40
Water Lt
Finland
Jan
500
8
8
7
400
~23/8
.
*
Products
Waco
83%
Jan
Apr
2% May
50c
Universal
Vogt
72
M-N
1952
Water Service
4
Apr
3%
*
Corp voting trust ctfs
Venezuelan
M-S
5s__
4s
Light
Apr
•
^
priority
26
City)—
5s
j3«
2%
~
50c
B
$5i50
1951
mtge 4%s
50% Mar
425
—
1
Reclaiming
Utility Equities
69%
79
87"
84%
69%
34
(Bait)—
1971
Cuban Tobacco
Jan
2
'A Mar
...
.
*
Paper
Radio
219
803/4
■
Gen
May
77
A
Pr
N
Consolidated
Jan
25%
Apr
May
2
.
54%
Universal
Utah
79
78%
76
Consol
30
5
common
Universal Cooler class A
Utah-Idaho
78%
74%
73'A
Jan
500
1
$7 convertible preferred
Universal
76
803A
5
75%
'A
200
1
United Stores common...
Universal
78%
99% 103%
82
J-D
Feb
AGeneral
CI ass
80
.1949
5%s
Feb
3*2
.
U S Stores common
Wall
2
U033/4 104'A
763A.
i'o
'
United
1
62
72%
A Jan
3,200
10
25
Radiator common
1st
57
76%
9%
92%
25c
—
class B_...
Rubber
54'A
100% 100%.
M-N
Feb
103%
*
10
U S Plywood $1.50 conv preferred—20
S
30
53/4
95%
.1952
Jan
7
—
—
92'A
1st preferred with warrants
U S Lines Inc preferred—
!
U
21
■'
$5
U S
57
M-S
14
*
International Securities
and
3
5%
5'A
A-O
Feb
53/a
95%
J-D
5% May
82%
1103% 1035/8
"53/o
J-3
1927
813/4
102%
103%
101
Ltd—
Co
Machinery
Graphite
U S
81%
J-D
J-3
102
99 %
Jan
25
Co
155*%'
100% 103,%
M-S
Jan
Federal
S Foil
nV/»
152%
4
5
*
Specialties common
U
112
5
2
1953
B
2
101% 1013/4
3
*
Preferred
United
112% 114%
114
102'A 102'A
Apr
*
preferred
Shoe
107% 114
17
101%
Apr
*
Amer dep rets ord regis——
Profit Sharing—.
United
iocr'
152% 1525/a
M-S
33A
32
United
10%
108%
38
,r
J-D
1964
5%s
Continental Gas & El
United
64¥2
55%
105%
100
107% 108%>-.
Q-F
1954
& L
107%
114
2%
*
preferred
participating
y
101
M-N
200
100
pfd
United Milk Products...
$3
■
114% 114 Va
300
_._1
preferred non-voting
warrants
1st
3
10
106
107
J-D
1948
5s
A5%s
6s
M-S
2%
10c
United Light & Power common A
Common class B
$6
12
9%13|%
-
B
Jan
— —
7%
--VX
12%
'
8%
2
64%
199
4
*
Co
9
'«":T
197% 100
Connecticut
$7
15
12%
*
United Gas Corp common
1st
9
9
1107% 108%
J-D
4
*
pfd
United Elastic Corp
Option
63%
J-D
2%
warrants—,
United Gas & Elec
9%
107
—1950
.
Canada—
of
series
§AChicago Rys 5s ctfs
Ry 5%s A
__1
common..
United
91/4
9%
J-J
*
Products
& participating
cum
9%
9
1947
;
Cincinnati St
1
common
Chemicals
$3
9
9
1947
.
warrants
Telephone
1st
Canada
Jan
53A Mar
——
..10
Canada
Union Investment
9
—
M-S
*
Udylite Corp
Unexcelled Manufacturing Co
United
9%
1964
Jan
32
U
of
9
11%
F.)—
(B.
without
Central States P
Union Gas
M- N
..1955
Jan
»'«
_
Gas
5s
Jan
1°o
Corp
A
convertible
90%
10
*
_
Tung-Sol Lamp Works
80c
160
4%
%
10
warrants
Trunz
Avery
Bell
70%
10
1
—
Transwestern Oil Co
Class
90%
105
100
Tri-Continental
Atlanta
Atlantic
Convertible
693A
preferred__.___.100
preferred
Trans Lux Corp
1955
9
9%
Baldwin Locomotive Works—
dep rets def regis 5s
1
Shipyards Corp——*
Vfa
F-A
Apr
Amer
Toledo
A-0
.1977
5%s
Assoc T & T deb 5%s A__
5s
49
Tobacco Security Trust Co Ltd—
Todd
deb
Jan
3% May
*
__
Exports.
100
2% Mar
5
Product
Mar
AConv
F-A
.1968
Apr
J-3
.1950
Jan
87/a
M-S
.1949
3% Mar
19%
Jan
90
2
...
Jan
16% May
900
8
,..100
Realty & Construction
Tobacco
16%
8
common
Roofing Inc
Tishman
2 7/8
17
1
1
common
Texas Power & Light 7%
Texon Oil & Land Co__
2'/2
*
*
Taggart Corp common
Tampa Electric Co common
700
Vi
•
.1948
6'/2S
Valley RR 5s
Milwaukee
Gas Light
4%s
.
1945
1943
1967
85%
M-N
109% 1093/4
M-N
M-S
11
80
62
61
62
$1043/4 105%
85 3A
98% 100
108%
106
8
107 '
1093/4
99% 101
$100% 101
J-J
A-O
853A
$99
99%
$109% 110
M-S
25
,
56
64%
102% 106:
xii
Monday, May 25, 1942
CHRONICLE
THE COMMERCIAL & FINANCIAL
NEW YORK CURB EXCHANGE
Friday
bonds ; :
New York
Week
Interest
Exchange
22
Stock
Last
Week's Range
or Friday's
High
1957
Minnesota P & L 4Vis
1st
ref
&
—1955
5s_—
1978
1951
Mississippi P & L 5s
Mississippi River Pow 1st 5s
Nasssau
Nebraska
A——.
New
ft,7
deb
Cony
111%
100% 104%
9
14.
46
100% 104%
44%
108
3 %s—.—1961
Power
98 %
100%
111
A20-year 7s_——_
Bogota (see Mortgage
North American
5Vis
Vis
5Vis
Northern Ind Public Service—
Utility
Cont'l
1948
1955
1953
7s
-1951
stamped—
Bank of Bogota 7s—
Alssue
of
of. Oct
1947
May 1927—
1927
-
1st
Power
1st
Pacific Ltg
&
■
1
6s
Power
stpd
4Vis B
7s
Sugar
(Can)
Corp
$20
S
f
of
Service
108
Shawinigan Water & Pwr 4Vis
4%s
1st
South
series D
Wyoming Coal
Sheridan
Carolina
Southern
$105
Counties
used
Friday
105%
Last
Arundel
$109% 109%
$72%
Oorp_.
Baltimore
110% 110%
1st
$100% 104
Consol
Southwestern
P
&
Electric
Gas
L
138%
132
100%
100% 101%
98
101%
101% 101%
98
99%
98% 100%
138
6s
6s_—
6s
Power
&
Corp
Inc
AStarrett
Stinnes
103%
96% 100%
Light
S
A
Service
Toledo
Twin
Power
Edison
100
103% 103%
104%
& Guar
Friday
Bird
Prior
$14%
18
&
Durrell
$1111% 115%
95
95
$106% 107%
14
6s
$105% 105%
A_
series
——,,—,,1952
—•
88
90%
116% 116%
Utah Power & Light Co-~
lst
"
&
lien
gen
Debenture
4Vis___
series
6s
A
:7- 7 :•> ;
'
Pub
Virginia
-
ref
1st
5s
Debenture
1944
—2022
"
"
Serv 5%s A
series B—
s
f
6s
$94%
86%
96
88%
,—1946
!*:
Wash
debs
,—1954
Ry & Elec 4s
1951
income
Wash Water Power 3 Vis
'
Penn
5s
'.
..
prior preferred
preferred
6%
Common
•—
SS
common
Group
Association
Lamson Corp
(Del) common
:*> 6 %" preferred —
Loews Theatres (Boston)
Central
Penn
Western
6s
6s
Traction
5s——
Narragansett Racing Association.
New England Gas & Elec Assn—.
5 W%
preferred—.
New England Tel & Tel
101% 101%
102
North Butte
————
—
102
$100% 101
Mills Co
Pacific
RR
Association
Stone
Webster
&
Torrington
t
Co
T
C_
(The)
" r~r
VV.'yJ
Twist Drill Co
Fruit
United
Co_„
1960
United Shoe
1944
Waldorf
1944
Warren
Brothers——-——
(S
6%
Newspaper Union—
unstamped
stamped
—
S A York Rys CO 5s stpd—,—
AStamped 5s
Machine Corp_.
cumulative
preferred
System
D)
Co—
1937
1947
.
common
Mass 'Utilities Associates
-1964
2030
-
preferred
Warren
West
■7
Electric
stpd
East Massachusetts Street Ry—
Union
West
:
—
———
—
Shawmut
Waldorf-Astoria Hotel—
A5s
10% Mar
Range
Pennsylvania
it.
300
New York New Haven & Hart RR
r
.1946
—1950
12
4% "io
Maine
*
11%
1
14%
1959
(Delaware) 5Vis_1952
United Light & Railways (Maine) —
42% Jan
>*■>'
Eastern
Co—
United Lt & Rys
19% Apr
580
Eastern Gas & Fuel Associates—
1st
1952
5Vis
2,030
56
Calumet & Hecla
Employers
Power
22
55
Providence
£.'vyi1
Copper
107% 107%
112% 112%
Light
20%
55
Class D 1st preferred stamped-
.'_.r
For footnote
135
221
22
stamped—
Boston
High
101% Apr \
7% Jan
75% Jan /S
25
A
Brown
8%
84%
5,052
—100
preferred ;
1st preferred
Class
*
111% 118
•
8%
8%
83% 85
Range Since January 1
Low I;
High
1—___
Herald-Traveler
Preferred
Range
of Prices
official sales lists
Sales
for Week
Shares
—-———
Elevated
Boston & Maine—
1949
United
—
Edison
Boston
116%
100
'.
Inc
Week's
Low
100
Albany—
Boston
107 %
5 Vis
&
Boston
1956
—2022
—
Sale Price
Tel & Tel
Son
&
Boston
1950
J
16 to May 22, both inclusive, compiled from
May
American
4s
N
&
4%_.
Par
stamped
cons
4s flat.
of America
Co
STOCKS—
106% 106%
—1968
Electric
&
20
25
Last
5s_,*,,«,,«,,.,,,-1979
United
1st lien
Jan
flat-—
5s
see page
2000
—
}
134%
'9%
91
24%
56
\
Jan
100
103% 106%
$104
1061/4
3Vis
4th
6s
5%
99% 102%
Co—-
&
Conv
96c
Jan
100
102% 104%
100% 100%
1960
5s
City Rapid Transit
§AUlen
Jan
4
103
102% 103
—1946
,
Texas Power & Light 5s
6s series A—
Water
17 % Jan
50c
Georgia South & Florida 5%.
Certificates of deposit———,
Tide
Apr
362
1
preferred
7%
S
P
Fidelity
Finance
,-1957
1950
6s
5s_—
stamped
Electric
13%
380
4%
I
High
117
Power—♦
100
common
Baltimore Transit Co
*
Texas
63c
4%
Range Since January 1
Low
14%
Bonds—
—1957
2d
3d
14%
Phillips Packing Co 5%% pfd.
U
1946
7-4s
7-4s
&
Shares
High
Amsterdam Casualty
New
Corp—
(Hugo)
Light
Range
of Prices
102%
—Pec l 1966
gold debentures—,—
Standard
4%
100
Preferred
150
!
—May 1948
May 1948
———1951.
Conv
Debenture
*
c
Deposit
&
W P
Monon
1970
2022
6s_
(stamped)
6s stamped
6s
sales lists
Sales
for Week
Sugars Assoc common v t C-_l
Fidelity
Electric—
Debenture
t
v
com
preferred C
Eastern
5s:——1989
&
Co
Davison Chemical
1965
1970
& E 3%s
Gas
Exchange
57c
14%
(Calif)—
G
(A G)
"cons," consolidated; "cum," cumulative;
voting trust certificates;
Weeks'
Low
*
,
Transit
preferred v t c
77
1957
3s
3%s
Gas
Gas
Southwestern
Standard
Sale Price
Par
1st mtge 38——
_-._--.1971
Southern Indiana Rys 4s_—,.
1951
Spalding
certificates of deposit;
above—"cod,"
convertible; "M," mortgage; "n-v," non-voting stock; "v t,c,"
issued; "w w," with warrants; "x w," without warrants.
STOCKS
,—1947
6s
Edison
California
Southern
;
Under-the-rule sale,
1967
,,—1970
5s
Power
California
Southern
n
1951
3s__
Inc
sale,
during current week.
6s.—-—--.—-1951
Estate
Real
Odd-lot
e
flat.
Baltimore Stock
1952
6s B
Joaquin Lt & Pwr
d Ex-interest,
May 16 to May 22, both inclusive, compiled from official
——1979
_1952
Safe Harbor Water 4 %s-
Steel
sale,
sales being transacted
115
Electric—
Queens Borough Gas &
5Vis series A_
ASchulte
no
Mt Vern-Woodb Mills common
perpetual certificates
Sound P & L 5 Vis
_1949
1st & ref 5s series C
—,—1950
1st & ref 4 Vis series D
,—1950
Scullin
prices;
receivership.
108
114
6%
San
traded
in
$107% 108%
Jersey—
New
Puget
i
being
asked
22%
1949
1969
of Indiana 4s
Public Service
Public
devilery
Ex-dividend.
and
when
4 'fo
4s_;
deb
x
bid
100% 101
1964
mtge 3Vis
1st
"w i,"
Colorado—
Public Service Co of
Deferred
a
$105'/« 106%
1956
1961
1947
„__1959
E__,__
5s
sale.
$ Friday's
1940
—1950
F_
series
4Vis
Cash
1949
value,
par
Co—
extended
Edison
Potomac
Potrero
r
$108 % 103
99%
99%
1955
stamped
stamped
5s
Coke
108
No
"conv,"
3%s_1964
1970
Philadelphia Elec Power 5Vis—__1972
/'Philadelphia Rapid Transit 6$
1962
&
1919
7s
Abbreviations
3%S
Gas
6 Vis
1921
A Bonds
x
A5s
1959
Government
§ Reported
Pennsylvania Water & Power
Portland
1972
6Vis
106% 107%
$105% 107
__1964
4%s,-*,.--1977
.-1979
Lexington
1st
108
107%
1942
5s_
Power
3s
Penh, Central Lt Si Pwr
Park
*
5s—.1948
Pacific Power Si Light 5s
Janeiro
ASantiago
Aug 1955
Oklahoma Nat Gas 3%s B
de
7s
A5Vis
,—-1971
//Oklahoma Power St Water
,v
1958
(State)
A Russian
——-1962
4s
Public Service
Ohio
1968
3%s
mtge
3s——
mtge
'!
1931
ARio
1945
Ogden Gas 1st 5s
"
Ohio
AMortgage Bank of Chile 6s
Mortgage Bank of Denmark 5s
—
—1969
1st 3%s series A-
High
Low
&
A Issue
107 V'B
1956
__1947
1948
North Boston Ltg Prop 3
Nor
Range Since
January 1
No.
__Jan 1947
5s
AMedellin
Mortgage
Light & Power—
A
series
Sold
Low
Waterways—
AExternal 6Vis stamped
1952
ALima City (Peru) 6Vis stamped_1958
AMaranho >7s——I—.
.—1958
70%
$114%
1954
—
Bonds
Friday's
April 1946
—
A Parana
5s
or
Bank of)
Valley 7s_„_
Extended
$110% 112%
2004
Westchester Ltg 4s
Debenture
Last
Sale Price Bid & Asked
(Col)—
5Vis
Danzig Port
73
107
Period
22
Agricultural Mortgage Bank
A 20-year
7s-—;
ACauca
104% 104%
Nov 1949
1964
Alncome 6s series A—
N Y State E & G 3%s
Interest
Exchange
High
Danish
108
70
72%
Stock
110% 111%
45%
92%
$114
1948
5s
York
Week Ended May
45%
45
New
Week's Range
Friday
BONDS
105% 108
109
1947
England
t7 N Y &
111
High
low
6
115% 124%
England Power Assn 5s—_—1948
Debenture 5Vis
1954
New Orleans Public Service—
,
lOlVa 101%
Foreign Governments & Municipalities
January 1
No.
;
New
ri,
105% 106
—;
———1948
5s—_—
1950
• w—
-.New
—
1956
5s
Gas
Eng Gas & El Assn 5s
5s
—
101%
.
Range Since
93'/a
118%
45'/a
Elec
Amsterdam
New
M-N
,
'
44%
Nevada-California
7
J-D
102% 103%
1981
---2022
4%s_
Power
series
6s
—
Low
5s;.——1945
Suffolk Ltg
&
3-D
J-J
Bonds
Sold
Sale Price Bid & Asked
Period
Ended May
Jan
Mar
Feb
Jan
Mar
14% Jan
!
Number 4075
Volume 155
THE COMMERCIAL & FINANCIAL CHRONICLE
•
1995
OTHER STOCK EXCHANGES
Week's
Friday
Last
Chicago Stock Exchange
both inclusive, compiled from
16 to May 22,
May
Par
official sales lists
Low
&
Armour
& Tel
Tel
American
Co
Asbestos Mfg
Belden
Co common—
Investment Co
Associates
Aviation
common—
Mtg
Belmont
Bliss
&
Borg
Brown
Class
A
5 %
L)
i.
$6
Serv
Illinois Pub
Central
Central & Sou West Util pr
Chicago Flexible Shaft
Chrysler Corp
Cities
Co
Service
Jan
150
11
670
193/i
Jan'
4M2 May
150
100
.
53/4
245
20
20 Mi
190
137/s
Co
Union
Carbide
Oil
Consolidated
14 3/8
45
55
51
200
,
7!
71
10
•
7
1
350
7 M»
-%
7 Ma
15
Jan
23% Mar
1%
Jan
Jan
10 Ms
Jan
13
10
Jan
6 Mi
Feb
19%
Jan
20 3/i
Jan
15%
Apr
TJ
S
Gjrpsum
Steel
S
1%
10
300
9 Ms
*
55%
57%
522
2%
200
18%
19%
3,900
250
1%
4%
1%
25
620
4%
Co
Ms
♦
Fuller
Gardner
Co
Denver
Utah
Preferred
Goldblalt
Corp
Bros Inc
(H W)
Gossard Co
Lakes
Great
33
capital
Heileman Brewing
Hein
Werner Motor Parts
Bartlett common
Hibb Spenc
Inc
Horders
common—
Houdaille-Hershey
B
class
Harvey Inc
Hitbbell
common
Illinois Brick
RR
Jarvis
capital
Co
B)
(W
460
44%
46%
906
219
107 Ms May
1%
400
vi' v. ' 350
IMa
&
Co—
18 Ma
Jan
26 Ma May
Apr
81 Ms
capital—
Yates-American Machine capital
46%
5
Zenith
*
Co
Jr)
(Wm
47
Radio
Corp
common
West
Middle
Corp
43/s
485
Apr
4 Ms
Jan
227/s
23M4
675
22Me May
28 Ma
Jan
357/s
175
273/4
39 Ms Mar
51 Mi
53 Mi
195
51 Mi May
New
(Glenn
L)
common..
Corp
17 Ma
Apr
Jan
23%
Jan
Pullman
1
Jan
1M4 Mar
4% May
6%
Feb
Oil Co
(The)
,
common
of America common
Radio Corp
Mfg
Modine
820
6% May
10
Jan
13%
14
475
11% Apr
15 Ma
Feb
*
*
22%
23
185
2IM4
Apr
26 Ma
Feb
7 3/8
73/s
80
7 Ms
Apr
10 Ms
Jan
23/4
3
1,000
2M2
Jan
3 Mb
Jan
7
75
9
Feb
6%
9M4
8%
31
Apr
42 Ms
Jan
4Mb
4Mb
100
4
Jan
5 Mi
Apr
16 Ma
183/a
280
133/4 Mar
18 Ms May
103/i
103/4
50
10 Ms May
13 Mi
107 Ma 107 Ma
82,000
common
34 V*
1
*
17%
10
100
8 Me Mar
200
9 Ms
Jan
Co common
1
'
J
'
600
2 Mt
16 to May 22, both inclusive, compiled from official sales
Jan
May
Jan
3% May
35
28% May
14 Ms
400
14 Ma
Jan
15 Ma
Feb
39 Mb
20
36 Ms
Apr
46%
Feb
83/4
lMi
14%
39 V«
14 Ms
8%
100
8%
Apr
10 Ma
Feb
IV*
1%
1,100
lMi May
1%
Feb
Apr
5%
Feb
27%
29 Mi
210
24%
Apr
40%
Jan
34
35 Mi
1,650
29%
Jan
35%
Machine
20
Cincinnati Gas & El preferred——100
Cincinnati Street
50
Laundry
Cincinnati
Union
50
Telephone
Cincinnati
Stock
400
5
4
for Week
Shares
Pennsylvania
RR
5
7 Ma
11
100
5
5
15%
10Ms
16 Ma
250
7%
200
450
11
93/s
93/4
6%
9%
6 Mi
*
May
6M2
Jan
Jan
5
16 Ma
May
9%
Feb
12 Ms
Feb
11 Mi
7 Mi Mar
10 Ms
150
Apr
May
6 Ms
10 Ma
8 Ma
8 Ms
8%
150
Jan
Jan
Jan
May
8M4
8%
100
7% Mar
21 Ms
2 IMa
2 IMa
10
2IMa May
30
Jan
11 Ms
11%
11 Ma
120
11 Ma
Apr
12 Ma
8%
250
8%
Apr
Apr
10 Ms
75
Roebuck
Serrick
Signode
Corp
Steel
&
B
Co
Feb
lMi
Apr
100
13
14
IMa
5%
1
14
1%
13
i3«
100
550
1
Apr
5%
1%
Jan
5 Ms
5 Ms
272
Apr
8
203/i
21%
250
19% May
25
11%
325
10 Ma
Apr
16 Ma
For footnote see page
preferred."
2000
7
1,209
Jan
8
Feb
May
77
Jan
60 Ma
60
6 %
285
6 Ma
60
55/s
2
60
Apr
Jan
9 Ma
6V2 May
Jan
Apr
5
eMs May
75/8
92
6 Ms May
83/4
6%
175
51 Ms
Apr
74
40 Ms
Apr
51%
Mar
17
Jan
45
May
48
Apr
245
Jan
275
6
8%
50
50
38
38
5% May
8 Ma May
38
May
Jan
,
Mar
9%
preferred
8%
&
G
S
Printing preferred
City
3%
100
3%
Jan
4
200
4
Mar
5
General
Motors
32
10
27
Mar
230
May
30
May
228
228
228
9
30
30
5
10
10
Jan
40%
Feb
Jan
25
9Ma
Apr
12
9%
9%
30
9 Ms
Jan
10 Mi
Feb
1%
lMi
285
1%
Feb
P/l
Jan
33 Ma
35 Mi
249
30
Jan
353/8
Apr
32Mb
323/4
115
32Mb Mar
43 Ma
Jan
35 Ms
Cleveland Stock
40 Ms
25 Ma
10
4 Ms
1,700
25
Apr
3% Mar
Apr
American
Jan
5M4
50
5
Manufacturing
Brass
City Ice & Fuel
Body
&
Coach
Ma
100
To Mar
%
Jan
Clark
50
5 Ms May
7 Mi
Jan
Cleveland
Cliffs
Ry
9 Mi
500
12 Ma
Jan
23%
75
23% May
27 Ms
Feh
General T &
13%
13 Ma
70
11
Feb
14 Ms
Apr
Goodrich
4M8
Jan
Goodyear
4M4
Jan
Interlake
Lamson
8 Ma
Apr
2Mb
3
3,200
2% May
3 Ms
3%
3 Ms
900
3 Ms Mar
8
7
8 Mi
2,550
6%
Apr
14
Jan
8
8 Mi
200
6%
Apr
14
Jan
"
5%
6 Ms
400
20%
20 Ma
50
27 Mi
29 Ms
1,200
5%
Jan
6 Ma
Feb
20 Ma May
22
23 "Ms
29% May
Apr^.
Apr
Dow
Controller
7%
100
7
May
4%
4%
250
4
Feb
17
3%
7
17%
250
4 Mi
2,420
7
10 Ms
10%
10%
47
47
47
4 Ma
4%
100
350
30
100
Cement
Relining
1%
—
9 Ms
Jan
4
Ma
Apr
23%
Jan
Packer
3% May
6%
Apr
Patterson-Sargent
15%
Feb
10 Mi May
7% May
11% Feb
43
56
6
May
3% Apr
Ohio
B——
Brass
Richman
Thompson
Products
Jan
Apr
47
Dorn
Apr
.Jan
20 Mi
527
373/4
38
200
36
58%
210
56
50%
549
4 Mi
29
5
750
29
100
Feb
8M8
Jan
10
Feb
1
*
100
100
14%
100
14
Apr
143/4 Mar
10 Ma
10%
320
60
May
743/4 Mar
44 Ms
911
43 Mi
112
26 Mb
110'
31
112
a9M2
a9M8
25
44 M4 May
Jan
115
Jan
17%
54
ll3/4
Feb
353/i May
,
20
al5Ms al6%
Apr
8
Feb
8
100
al7
Jan
1% May
Feb
a
II Mi
Jan
40
Jan
Jan
36Mi
77
3 Ms
3 Ms
100
3% May
5
155/a
15%
52
15 Ms May
19
15 Ma
Apr
15 Ma
Apr
1% May
2M4
Jan
353/i
al4
1Mb
lMi
39
~Vz
a
14 Ms
159
1Mb
369
37
142
39
Ma
Ma
1515
17
Apr
Feb
\
j
Apr
Ms
Jan
15
50
43
Mar
Ma
120
Feb
.
Feb
i
Feb
j
a
Reserve
6
150
6
154
10,
Jan
518
9%
May
11
23 Ms Mar
25
19 Ms a 19 Ms
*
11
29 Ma
Jan
"j
5Ma
45/s
150
45/s May
75/s
75/s
215
7
Jan
11
5%
30
4 Ma
Jan
6
1%
35
IMa
55
55
Tire
Feb
New
43% May
57 Ms
Jan
Ohio
York
Oil
Apr
5
Feb
Republic
27 Ma Mar
30
Apr
U
S
Steel
Iron
Rubber
&
Electric
Central
RR
common
common
Steel
common
common
common
Jan
Mar
Apr - ]
IMa Mar
lMi Mar
55
20
common
common
al4Ms al4Ms
21
a23Ms a24Mi
56
Feb
Jan
87
'
27 Ms
Jan
a6
a6
50
6 Ms
v 73/4
Jan
a67/s
a6Ms
10
7 Mi May x:
93/4
Feb
6 Mi Mar
6 Mi Mar
a6M8
14
al3Ms al4Mb
229
a443/4 a46 M2
30
a6M8
M
Jan
14
4 Ma
5 Mi
Mar
Unlisted—
General
17%
4M4
243/4
*
Refining
Western
6
10 Ma
11
2
Invest. Corp pfd—100
Tool
Jan
14%
*
Works
Iron
Warren
Jan
70
19%
46
Jan
7 Ma
14%
*
1
Inc
Upson-Walton
Van
24
50
4 Ma
Jan
45
*
Bros
Jan
%
15 Ma
Jan
6 Ma
a9%
*
—0
Corp.—
Jan
6 Ms
600
15%
High
Low
4Mb
Feb
19 Ms
58 Mi
new
6%
preferred
Tile
7
a9Mi
*
0
0
1
*
*
*
*
Acme
Prior
4%
7
100
25
4%
4%
Range Since January 1
High
*
Rubber
Sessions
Vlchek
13/4
.
Steamship
Portland
National
Loxo
*
Tire &
&
National
7%
R Co
(B F)
National
5
preferred
Chemical
Medusa
preferred.
Iron
.
Shares
of Prices
*
;
5%
Sales
for Week
Range
Jan
27
Exchange
Week's
Last
Sale Price
STOCKS—
23 Ms
x4Mi
Jan
42 Ms
Par
'•
1
30
227
230
16 to May 22, both inclusive, compiled from official sales lists
May
Cleveland
"
Jan
45
*
Bearing
Roller
Timken
9
58 Ms
52
443/4
*
Gas
Apr
%
7
Jan
Feb
45
61
"
10
Fuei
&
Ice
Columbia
5%-
4
29%
22Ms
Feb
5
4
28%
32 Ma
644
25
Mill
Rolling
American
Feb
3 Ma
25%
*
20%
Apr
25 Ms
Unlisted—
Feb
38 Ma
32
6 Mo
Feb
May
18
25
243/a
100
50
Gamble
&
Procter
7% Mar
5
3 Ms
17
25
17 Ma
25
24 Ma
Feb
8%
38
16
4
Jan
1,150
80
*
Kroger
U
16Mb
45
*
A
Hobart
Jan
16
45
45
*
•
Art
Gibson
P
7
Feb
5%
capital
common
Strap
_
86
6 Ms
7
c
*
Interlake
Sears
22
Mar
6 Ms
Insulation
Found.
Firestone
Sangamo Elec Co common
Jan
70
63/4
Investment
Formica
Jan
14%
Apr
8%
13
*
Co common
19
61
10
Eagle-Picher
Apr
Peoples Gas Light & Coke capital—100
Quaker Oats
175.
75
'
35 Mi
5
50
capital——
High
Low
20 Mi
*
Corp.
Crosley
Range Since January 1
High
19 Ma
20 M4
*
Yards
Feb
43/4
Range
Low
Par
American
Sales
of Prices
Last
Sale Price
STOCKS—
Exchange
Week's
Friday
Jan
10
*
•
Jan
lists
Cincinnati Stock
3 Ma May
29 Ma
Jan
100
-
Jan
107 Ma Mar
Apr
4M4 Mar
5
'
5
Apr
106 Ma
Commonwealth Edison deb 3M2S—1958
12 Mi Mar
8M2
com.
'i'-K*'£'}>■^
2 3/4
510
Jan
8%
10 Ma
37 M4
*
*
*
5
Peabody Coal Co common
Jan
280
3
Jan
Jan
-
•'j.* rt-
19
13 Ma May
425
Jan
Feb
8%
24%
•10 Ms
3
8% May
Apr
19
Apr
20
Northern Illinois Corp common
—"
Northwest
Bancorp
common.
*
North West Utilities prior lien pfd.100
Omnibus Corp common
6
Car
14 Mi
Jan
*
capital
Indus
American
North
Apr
34%
16 Ma
3%
Cylinder
Nobhtt-Sparks
Jan
Jan
5%
Jan
33 Ma
13 Mi Mar
6%
Gas common.
1
National Pressure Cooker common—2
National
7 Mi
3 Ma
Jan
26
173/4 May
27/s
50"
100
7
common
480
'
13%
14%
400
pfd——50
——
Ward & Co
7Ms
*
U S Rubber
4
*
common
28Ms
*
Yellow Truck & Coach class B
7%
*
Util 7% prior lien——100
Montgomery
20
5%
5
Jan
Apr
5M2 May
100
17 Mb
17"%
Jan
9
May
213/4
Republic Steel Corp common
Jan
287/s
—5
prior lien——
Miller & Hart Inc $1 prior pfd
6
67
*
capital
Inc
Jan
33/4
1
6#
415
935
6
5%
*
Pictures common
Paramount
7 Ms
Midland Unit conv pfd A
Midland
GMs
Jan
1
York Central RR capital
3M8
12 Ma
553/s
:
33/4
24%
6
23 Ms
24 Ma
"
1
5
Corp common.—
May
10
28%
1
capital
Jan
12 Ma Mar
33"%
3%
*
104M4
44 Mi
A
8% Mar
23%
1
Co
Electric
May
2%
Chemical common—"
McCord Rad & Mfg
250
Jan
Jan
3 Ma
.
33 "Ms
Mining
50
Santa Fe com—100
Bethlehem Steel Corp common
*
Copper
9 Ms
55 V8
Masonite Corp common
12
ll3/l
,*
& St San com
Radiator
86 Ms May
43 Mi
common
100
2 Mi Mar
Stocks—
Unlisted
Akron
Field
3
3
Jan
62 Ms
Apr
57% May
.
Lindsay Light &
Marshall
40
155
47
Jan
5
4 Mi Mar
100
4%
4%
shares common...—'
Bank
Wisconsin
Wrigley
30
44
Libby McNeill & Libby common
Lincoln Printing common
Jan
Jan
1% Mar
Jan
15 Ms May-
v
9%
*
*
preferred
Cumulative
lMi
Jan
55%
119 Ms
63%
*
;
Friday
Leath
11 Ms
23 Ms
Nash-Kelvinator
Jan
Apr
Co common..
1
Tube & Lamp common A—*
Kentucky Util junior cum
47% Mar
May
7 Ms
39
May
Jan
2 Mi Mar
Feb
Katz Drug
Ken-Rad
41
107% 108%
1
common
;
Apr
44% May
45%
.*
Standard Oil of New Jersey capital—25
11
—
60
10%
Studebaker Corp
11
Mfg Co common
Joslyn Mfg & Supply common
41%
87/s
Jan
c_—*
*
joy
41%
5
205
45
8 Mi
45
3
10
common
Independent Pneumatic Tool s t
Indianapolis Pwr & Lt common
Inland Steel Co capital
International Harvester common
Jan
20
58%
16%
Martin
Apr
22
100
capital—
Co
Central
Illinois
74Ms
100
70
1
Hupp Motor Car common
Apr
425
68%
53 Ma May
38 Ma
80
——10
1
—3
-25
0
*
5
Hall Printing Co common
62
26 M4
Interlake Iron
450
*
Dock com
Feb
60%
26 Ms
Feb
3 Mi
0
common
Dredge &
10
8
67%
General
23%
0
Goodyear Tire & Rubber common
Jan
Curtiss-Wright
3%
10
*
common
100
.16%
Jan
23%
*
common
8%
*
common.
Jan
3 Ml
10
common
Motors
General
Feb
8 Ma
common..50
Co
IMa
23 %
5
1
—
—
General Foods
39
.
Westinghouse Elec & Mfg
10%
8%
10 Ms
*•
5
Finance
Apr
Union Telegraph common.. 100
Walgreen
May
1
class "A"
Corp
General Candy
General
30 Mi
preferred
Products
Radio
% May
7
*
10
common
:: 317
Atchison Topeka &
15
1
Atner Trans common..
General
33%
common
cumulative
Anaconda
5
Co common
Mtg
32%
capital.'
88
9
0
1
Jan
32 Ma
Apr
100
Auto
24 M4
14
645
?
Drive
19 Ma Mar
Apr
8 Mi
Dixie-Vortex Co common
Four-Wheel
395
Feb
21 Mi
Fairbanks Morse common
23%
1%
7%
National Watch Co
Eversharp Inc common
22%
10%
20%
Elgin
Jan
23 M4
20
8 Mi
Corp
Jan
25
215
2
21 Mi
Utensil
19
Apr
Bonds—
Diamond T Motor Car common
Household
6 M» May
May
20%
capital
14%
86
Dodge Mfg Corp common
Electric
Mar
14 Ma
11%
"
common—.
5
50
600
2
common——*-1
Rubber Mfg
400
14 Ma
22%
25
86 Ms
9%
Packing common
30
7%
cumulative preferred———100
Cunningham Drug Stores
2'/a
&
6%
6
Jan
25
Transp
Feb
Apr
10
10%
.
Deere
Feb
Standard Brands common
4Mb
Cudahy
Dayton
1
15
common
Jan
May
45
50
Crane Co common
Co
Lines
79
47
53%
1
*
pt sh. v t c "A"
Air
United
100
Consumers Co—
Common
100
22
capital
Carbon
&
May
71
100
28
2%
19 Ma
IMa
Apr
27
Jan
1% May
14 Ma
common
Apr
41%
28
49 Ms
x
Apr
2
Feb
12 Ms
200
45
10
57 Ma
20
33 Ms
Mar
Jan
5Mi
12.200
.
28
53 Ve
1
Corp..
(The)
American
71
755
'
IMa May
22%
capital—
Trane
Western
'
9%
12
5%
May
lMi Mar
350
•1%
9%
52
21%
000
—25
common—5
capital
Corp
High
Feb
IMa
—
5
common
Tool
International
Pure
Consolidated Biscuit common...*
Co
29
20%
21%
,
Jan
6 Mi
12
common——25
Edison
Commonwealth
393/,
4Mb May
11 Mi
10
common*
28 Ma May
350
1%
5
0
"
5
*
3 Ms Mar
300
23
0
common
Swift
U
Feb
14
300
5
11
5
1
1
Chicago Towel Co. common
Chicago Yeilow Cab capital
Jan
313/l
22
zz
Apr
4 Ms
11%
4 Ma
11 Mi
*
lien pfd—"
common
20
227/s
pfd
Cherry Burrell Corp common—
Chicago Corp common.—
1
/Convertible preferred
-
26
.11 Mi May
4Mb,
30
"
common
Jan
50
28%
4%
10
—
—
cumul convertible
Campbell Wyant & Car Fdy cap
Jan
3
!
&
200
M
1%
Jan
lMs
2% May
4,.r
28 3/i
0
5
J
common
Brothers
Butler
11%
1
preferred
(E
Co
4
100
'
&
Fence
common—
Wire common
Jan
380
2%;
5
5
Laughlin Inc common.*
133%
Apr
26
1
—
%
50
Corp
Machine
Swift
Low
30
Jan
2% May
% Feb
785
%
26
Corp
Warner
Bruce
Corp
102 Ms
732
2%
2%
2%
30 Ms
Apr
Jan
11% Mar
Warner
Sundstrand
Texas
117
5
common
Berghoff. Brewing
120
*
Corp—1——
Aviation
23%
112
—10
Co common
Radio
Bendix
22%
...
Stewart
Jan
48 Ma
22%
50
3
(Delaware)—...
Corp
10%
High
49 Ma
42% May
9 Ms Jan
83
10%
*
common
Low
37 Ms May
50
37 Ms
42% "43 Mb
100
5
1
capital
Co
Range Since January 1
High,
37 Ms
common.———*
Acme Steel Co common——
—25
Aetna Ball Bearing common
1
Allis-Chalmers Mfg
Co
*
Laboratories
Abbott
Shares
of Prices
Low
Par
for Week
Range
Sale Price
STOCKS—
Sales
Week's
Range Since January 1
■■
1%
Standard
Friday
'//Last.-''
Shares
High
30
Works
Lathe
Bend
of Prices
'
capital-—5
Dredge Corp common
1
Standard Oil of Indiana capital
25
Sterling Brewers Inc common
1
South
Sales
for Week
Range
;
Sale Price
STOCKS—
223/4 May
17
Apr
Feb
•
17
—
Feb
'
THE COMMERCIAL & FINANCIAL CHRONICLE
1996
Monday, May 25, 1942
v
OTHER STOCK EXCHANGES
Last
Southern
Watling, Lerchen & Co.
6%
Southern
New York Curb Associate
Exchange
Pacific
Standard
Members
Oil
C
26%t
701
24% Mar
28 V*
Jan
24%
299
23
Feb
26%
Jan
10%
10%
535
10%
Apr
*
20
20
299
18'A
Apr
22%
Feb
25
10
Feb
10%
Apr
4V«
1,023
4
Jan
4%
Jan
13%
Jan
Co
of
California
2
Union
California
Oil
of
Yosemite
IOV4
10%
1,916
10
Apr
6 Va
6'/a
100
6
Apr
IVa
7%
125
7Va May
10»/4 Mar
1
1%
3
500
1% Mar
3 V4 May
10
a2.10
pfd
Gold
10
Cardinal Gold Mining Co common
Cons Chollar G & S Mining Co
May 1G to May 22, both inclusive, compiled from
Zenda
official sales lists
1
Gold
Unlisted
Amer
Last
Range
Rad
of Prices
Sale Price
STOCKS—
;'¥'■
Atlas
City
Range Since January 1
Shares
1
common
McLaren
Burroughs
Continental
Motors
Cleveland
Detroit
&
Detroit
Edison
Mfg
Stove
5c
Feb
8c
Jan
400
3
Feb
4
Apr
17%
175
100
1V4
Jan
1%
Feb
800
6% Mar
7%
Jan
2%
100
2% May
3%
Jan
1%
200
15%
2,362
78c
Jan
15
Apr
1%
1
.
18% Mar
IV2
15%
——
—
1%
100
1% Mar
4%
1
_
Jan
6%
1%
20
common
common
15%
2%
1
—
__
May
6%
—
common —10
Nav
common
Detroit-Michigan
Durham
6
900
1%
—
—
Feb
320
8c
<•
com
7%
6%
3%
1
Machine
Adding
High
Low
•.
17%
——
common
\
7c
6
——
Briggs Manufacturing common
Brown,
High
3%
7c
1
Brewers common
Rubber
6%
—5
Forge common
Drop
Auto
Baldwin
Low
Par
4%
100
4%
Jan
1% Mar
18%
2
& Std Sani Corp
Smelting & Refining Co
Tel &
Frankenmuth
Brewery
Finance
Goebel
common
Jan
5% Mar
Brewing
common
—
—
1
.
Graham-Paige common
1
800
1%
300
2% May
3%
Feb
1V4
220
1V4 May
1%
2
Mar
2V»
Jan
1
2
1,350
60c
—
68c
500
60c
May
99c
Feb
60c
100
60c
Jan
80C
Feb
Hall
Lamp
common.
Houdaiile-Hershey
Lock
Hurd
s
B
common
common
(S Si
Wines
42c
47c
45c
48c
10
_
18 V8
2%
lVa
1
1
common
Kresge
common
...
..
common
425
42c
1
_
LaSalle
8%
2
Mfg
Drug
4%
8%
8%
_
Products
Kingston
Klnsel
&
4%
100
.
_
42c
600
3%
8% May
30C
Feb
Jan
225
1
Feb
500
45c
Feb
18 Va
200
17 Va Mar
2%
175
1%
1%
Jan
4% May
10 Va
Jan
65C
Feb
1%
Copper Mining Co—*-,...50
Atchison, Topeka & $ai>ta Fe Ry-.~100
Atlantic Refining Co^—i.—
—25'
Aviation Corp (Delaware)—.
3
Screw
common
__
Arbasive
Mid-West
lVa
1
—
1
common
common.
10
Corp common
1%
1%
50c
_
20c
—.
1
Die Casting common
Michigan
Murray
Prod
Oil
McClanahan
1 Va
20c
2
100
1,000
6,800
90c
—
93c
270
5
J.—
5
265
lVa
16c
1 Va
90c
4%
Jan
Apr
60c
Jan
21V4
a23%
Barnsdall
Oil
Bethlehem
0
Davis
common
Metal
Peninsular
Pfeiffer
Rickel
common
Prod
common
W)
22 %
558
5%
5%
207
5
__
700
56c
—
1
66c
<>
Brewing common
(H
Feb
IV*
Jan
23c
Jan
Jan
2
May
Jan
1%
Jan
5%
Jan
_
2
_
Apr
Mar
27
Steel
76c
Feb
Mar
100
5 V» May
5%
Feb
1%
100
1%
2Va
Jan
2
—
5 Vt
2
132
2
Apr
May
common
2% Mar
Tube
Standard
B
Preferred
&
1
_
1%
12% May
100
1% May
1% Mar
100
Jan
Mar
1%
IV2
10%
96 %
96%
20
23%
23%
475
16%
16%
210
it
A
...
it
B
100
10
Mar
95
Apr
23% May
16% May
1%
10% May
96% May
—
.
.
1%
Apr
1V4
1V4
1V4
600
1 Va
Jan
1%
3%
3%'
100
2%
Jan
1,625
36 Va Mar
18% Mar
Jan
30
3
Apr
4 Va
Jan
a8'/»
8%
70
8%
Apr
10%
Jan
a 51.%
52 Va
80
55 Vt
Apr
60 Va
Feb
a22% a22%
20
22 Va
Jan
22%
a3
a7%
7%
35
5
Corp—
a20 Va
20 Va
25
6Va
226
6 Va
1
1
Electric
General
Foods
Co—
a20
a20
*
International Tel
Kennecott
Loew's
&
Copper
of
Tel
Canada
Corp
Apr
21
Jan
% May
9
Jan
17Vi
6
Feb
8 Va Mar
8'/a Mar
25
Central RR
North
American
Oil
Jan
24%
Apr
Apr
27 Va
Jan
2%
2Va
Jan
2%
175
60
120
2% May
28% May
34 V*
Feb
37%
Apr
40%
Feb
25V» Mar
a 40%
a39%
40%
a28%
a28%
28%
40
28 V*
Jan
7%
100
7
May
9%
Jan
130
10
May
13%
10 Va
7 Va
*
10
1
Inc
Co—
Car
7%
RR
2%
7%
100
6%
154
7% May
6% May
2 Va
7%
*
common.
10
6%
*
Co
Pictures
Pennsylvania
Oil
28%
Apr
24%
a27 Va a27 Va
~
*
Packard Motor
Pure
Apr
24%
70
*
Co
Aviation
Co
Paramount
22 Vt
25
*
American
Ohio
408
26%
24%
2%
*
24%
a27 Va a27 Va
a26Va
*
Corp
Inc
York
a27 Va
*
Montgomery Ward & Co Inc
New
24%
*
Corp„
2 Va
500
2
Jan
14% Mar
22
7 Va
50
2%
2%
400
—
Jan
14% Mar
a7'/a
*
*
2%
20% May
8% Mar
14
20%
Co
Mar
Jan
Jan
95
al3%
al9%
Corp of America
Republic Steel
Corp
8
107
1
50
Inc
Co
Sears
Roebuck
Mar
Southern
Ry
9%
Feb
3
Standard
Oil Co
Jan
Texas
Tide
Corp
Corp
Aircraft
United
United Air
Corp
Corp
Lines
160
13 Va May
18'/a
Jan
34 Va
34%
715
40%
Jan
4%
35
32% May,
4% Jan
4%
Feb
32%
14
31
35%
Feb
%
13% May
17% Mar
44
53%
Apr
Mar
Jan
Feb
100
8% May
10
Feb
231
8%
62% Mar
64%
Feb
Feb
34%
Jan
a61
62
25 V*
25
10%
165
28%
8% Mar
10
al7
al7
16 Va
10% May
Jan
16 Va
Jan
a44 V4
5
a67'/a
—
115
45% May
55 V4
Jan
4%
100
4% May
5%
Jan
a66 Va
69 V*
228
al %
—
45%
4%
—■
Westinghouse Electric & Mfg-—
50
Willys-Overland Motors, Inc common. 1
8Va
13 Va
10%
»«•
10
Warner Bros Pictures Inc
6% Mar
a24%
Transport common—5
U S Steel' Corp—
100
8%
a61 Va
*
5
Rubber Co—
111
7 Va
a 32
Oil Co common—.10
Carbon
&
—
25
(The)
Carbide
34%
1
14
50%
a7
„
25
common
Water Assoc.
Union
S
(New Jersey)
>
a7
a46%
a4%
a49%
*
Co
80
Feb
13%
a
*
15
2%
al3%
13%
*
Co
&
Socony-Vacuum Oil Co
3%. Apr
2
Jan
14% May
al %
30
1 % Mar
1%
Jan
16% May
2% Jan
3 Va
1%
a3
28 V«
29
35
Jan
33
1
-
common
Wayne Screw Prod common
10%
1%
4
—
Aircraft
Warner
200
1%
100
common
Feb
12%
1%
—
.10
—
.
Axle
Co
—
common
.
Timken-Detroit
Walker
common.
1
—
if
(Fred'k)
Stearns
common
15%
12 %
-10
common
Pattern
Simplicity
Jan
129% Mar
Apr
23% May
2
14% al4%
a
*
A
General
U
Scotten-Dillon
121
a22%
103
*
Corp
Curtiss-Wright
23%
4%
10
622
a27 Va a27 Va
5
Commercial Solvents Corp common
Continental Oil Co (Del) common
Jan
6V4
1%
— —
*
common,
68c
Apr
5V4
—..
_
common-
Raisin Paper
River
—
19%
21%
22 %
—
*
Parker-Wolverine
Jan
4%c Mar
5
Co—
Borg-Warner Corp
Studebaker
Parke,
Feb
2 Va May
Mar
Apr
Jan
Jan
4Vo
200
111% 118%
.
Radio
Masco
2V4
1.60
3c
4,000
a37% a37%
Anaconda
North
5
4V2
Apr
% May
«...
300
3%c
4%
4%
116%
Jan
Apr
60c
—-»
Grand
Valley Brewers common
Feb
1%
2%
2
2
1
_
2
IV2
1V4
3
„
—
—-
Jan
2%
1
com
Industries common
Wood
General
Jan
—
1%
100
%
3c
3%c
*
*
Class
—
120
2c
%
100
Tel Co__
International Nickel Co
Gar
a2c
1
Mining
American
'
57
7
Stocks—
American
for Week
2.10
2
2
1
;
Feb
Stocks—
Alaska-Juneau
Detroit Stock Exchange
15%
-
13%
1
Portland Cement
Mining
a9
a9
4
25
.
Inc—
Wellington Oil Co of Delaware
Telephone: Randolph 5530
a9
*
Oil common—10
Consolidated
Aircraft
Jan
26%
24%
Corp
Universal
High
20%
Apr
24 %
*
Vultee
15
1,036
26%
Transamerica
DETROIT
Ford Building
LOW
17
25
Taylor Milling Corp common
Chicago Stock Exchange
Detroit Stock Exchange
17
*
class
Co
17
Range Since January 1
High
—_—25
;
preferred
Shares
of Prices
Low
Par
Ltd—25
Co
preferred B
5% Vo
New York Stock
California Edison
for Week
Range
Sale Price
y
Sales
Week's
Friday
STOCKS-
Jan
Philadelphia Stock Exchange
May 16 to May 22, both inclusive, compiled from official sales lists
Los
May 16 to May 22,
Week's
Last
Petroleum
Eandini
Barker
Blue
Bros
1.60
50c
1.60
Corp
•—
2.30
2.30
119
26 Va
26 V*
16
Byron Jackson Co
*
*
Central
common
Co
Chapman's Ice Cream Co
Chrysler
Steel
Corp
Oil
Corp
Co
A
Pacific
Jan
12
Jan
12%
Apr
1
57%
Co
46%
58%
187
4%
194
4Vt
4%
225
17%
131
a51% a51%
Mar
Jan
4% May
4V4 May
17%
64
Apr
Feb
1
55%
6
5%
20
May
Apr
Jan
Jan
Mar
64
20c
Feb
Feb
a8c
a8c
a8c
100
15c
34%
35 V*
560
31%
Feb
35 Va May
16'/a
16 Va
333
11%
Jan
16Va May
49c
2,600
45c
Jan
al8c
al4%
52Vac Feb
1
225
18c
Mar
35c
15%
191
17
May
23
3,875
al8c
1.00 May
Jan
Jan
8c
8c
1,000
8
May
9
30c
30c
1,100
27
Apr
40
-.**
Electric
57 Va
100
Battery
Storage
General
Motors..*
Horn & Hardart
10
...
tNY)
Pennsylvania RR-
..
_
_
—
50
Salt
Scott
Sun
preferred'
Dome
Oil
—
United
Indemnity
Pacific
13 V*
400
6% Jan
15
—
1
Corp preferred —25
Lighting
Co
Corp
17%
17%
205
16
Apr
19%
26%
123
25% Mar
27%
__
Preferred
_
17%
a
34
34
34
300
33% May
26
232
22%
30 V2
12
12
100
12
_1
50
Markets
Public
;
Aeronautical Co
Security
Shell
Stores
Inc
Apr
May
12
Corp
Signal Oil & Gas Co. "A"——
Signal
Solar
Petroleum
Aircraft
Co of California
Co
For footnote see
page.2000
50
2% May
3%
Jan
2%
3,168
2% May
3 Va
Jan
20%
1,806
Jan
24'/a
Jan
7% May
10%
Jan
19 Va
7%
10
25%
30
25
Jan
20 V*
10
20
V* May
1%
22%
Jan
25%
Apr
36%
Jan
119
43 Va
Apr
35 4
1% May
55%
Jan
»v
340
Vb Mar
%
Jan
18
153
V* Mar
%
Feb
45%
32
145
3*2
131
12%
Apr
at
Jan
16 Va
Jan
Jan
15%
*
3%
3%
3%
97%
99 Va
227
11%
11%
200
16%
16%
90
106% 106%
$200
16%
-
5%
Jan
Mar
106%
Jan
10% Jan
8,162
99 VB
20
Feb
3%
189
Va
V*
'
— —
Inc.—
1
27% Mar
iV'
44%
V4
2
29 V*
29
VB
_
12 Va
Apr
19 %
Apr
3% May
92
Jan
16
"
Bonds—
American
Tel
&
Tel 3s
1956
—
105 V* Mar
Jan
108
Pittsburgh Stock Exchange
May 16 to May 22,
both inclusive,
Last
Jan
STOCKS—
1.35
1.35
1.35
36
36
30c
30c
6%
6%
200
10
2,500
400
1.35 Apr
1.80 Jan
36
Apr
37%
19c
Jan
33c
6%
Apr
8%
Sale Price
May
Jan
May
Jan
Columbia
Electric
Oil
7Vt
Jan
1 Va
1%
Jan
10
10
75
*
1%
1%
10
com.100
12%
12%
144
10
Co
Refractories
700
6% Mar
8 Va
Jan
Koppcrs Gas & Coke preferred-
*
3%
700
3% Jan
5 Va
Feb
Lone
*
25
"24% Jan
26 V2
May
15
Pittsburgh
827
24 Va
Jan
26 V2
May
10%
264
10% May
14%
Jan
0
17-8c
1
2Va
17
8C
2Va
410
1,900
300
16 V, Mar
5c
1%
May
Apr
Supply—
Pittsburgh
26 V*
10%
1
Gas__
Fuel
24
8c
2%
Jan
May
Feb
Brewing
preferred
Forgings
Pittsburgh Plate Glass
Vanadium Alloys Steel Corp
Westinghouse
Air
High
Low
5 Vt May
150
8
a32% a32%
Range Since January 1
1 Va
5%
*
8
*
Shares
1 Va
*
3%
Star
for Week
High
130
-
Walker
Range
of Prices
5%
Products
Harbison
lists
Sales
Week's
5 V4
Co
Gas & Electric
Devonian
compiled from official sales
Low
Par
1
26
Oil
Jan
2%
2%
15 Vt
2
Co
Union
Jan
5
•
_
Westmoreland Coal—-
Mountain
Safeway
27%
Jan
Va
38% Jan
26
Rice Ranch Oil Company common—__1
Richfield
Oil Corp
*
Roberts
Apr
3%
15 V4
.
_
Westmoreland
Blaw-Knox
Ryan
21%
361
Feb.
a
*
._
100
Va
Jan
Apr
*
Republic Petroleum Co common
5%%
preferred—
Apr
21%
if
common
Jan
26%
10
com
35%
it
Corp
Preferred
Apr
25
Puget Sound Pulp & Timber Co
32% Mar
Jan
7%
Friday
Pacific
Apr
29%
25%
——
*
Mining
28%
749
4
19%
20
1
Oil
Tonopah
646
35
%
2%
—
2%
—
__
32 Va
58 Va May
,\
4
if
_
Feb
21%
„
—
Corporation
Paper
Jan
%
2Va May
20 V*
50
^referred
Jan
44 Va
225
34 Va
—
3%
100
464
29%
3
Philco Corp.—
Reading RR 1st
2nd
1
Jan
2V»
35
——
50
Corp voting trust ctfs—
Jan
9%
58 Va
32 Va
.
_
Lehigh Valley
Pennroad
56
%
«
_
134%
101%
50
%
it
common
Lehigh Coal & Navigation...
Feb
Apr
6% Mar
1,124
if
Publishing Co common
High
12'/a
8%
2 V*
....
11
Jan
9 Va
8%
if
-
—•
Low
309
10%
Jan
13 V*
25
.
Curtis
116
10
Range Since January 1
High
1.20 May
1
10
common
Chrysler Corp
...
Shares
111% 118%
10%
100
_
United Gas Improvement common-
1.15
al8c
al5
1.10
50c
May
Tel...
&
Barber Asphalt Corporation
Budd (EG) Mfg Co..
Transit Investment
1
common
preferred
99
May
35%
1
com
Electric
80c
4%
1
Corp
200
'56Va
*
„
Mfg Co
Petroleum
1
17%
1
&
19
9V2 May
10c
Gas
Jan
17% May
9
Corp
1st
6%
10
29
Aircraft
Finance
3
20
35
10
common
Oceanic Oil Company common
Pacific
12%
12 Vt May
9Va
Co__
Merchants
5% Apr
9%
Petroleum
Menasco
1.25 May
16%
i
common
Corp
Holly Development Co common
Lockheed
Jan
100
590
*
Goodyear Tire & Rubber Co
Lincoln
8V4
IV*
*
—
Motors
Jan
9%
Douglas Aircraft Company common--*
General
Jan
2
a9 Va
*
:
Preferred
Exeter
29
al6%
5
Consolidated
.
22%May
6V»
12%
common—*
Corp
Oil
May
Feb
100
Corp
Corp
Consolidated
2.20
2.70
1
Packing
Invest
Aircraft
Cessna
1.85 Jan
IV*
a
High
1.50 Jan
6
*
Tel
American
Range Since January 1
Low
1,900
1
pfd
Broadway Department Store Inc
California
for Week
High
1.70
if
American Stores
Shares
Sales
for Week
of Prices
Low
Par
Sales
50
2
Co
5'/a c/c
Corp
Diamond
Inc
of Prices
Low
Par
Accessories
Range
Sale Price
STOCKS—
Week's
Last
Sale Price
STOCKS—
both inclusive, compiled from official sales lists
Friday
Aircraft
Friday
Angeles Stock Exchange
Brake
Westinghouse Elec & Mfg
-
85
6%
6 Va
10
1%
Apr
May
Jan
12% Mar
2
Feb
60
6%
16%
85
May
97
742
86
12% May
6
Apr
8V2
Feb
Apr
5V2
Jan
370
4V2
Jan
Feb
5
5
*
24%
24%
1
25
V 7%
7%
50
6IV2
62%
105
55%
32
32
100
32
14Va
14%
405
14 Va May
19Va
Feb
69
105
63%
80%
Jan
10
*
*
50
14'A
69
66 Va
.
81
23
Apr
30
Jan
9V2
Jan
Feb
63 V»
Jan
May
34 Va
7% May
Apr
Feb
;(V..•
Number 4075
Volume 155
' I-
-t.;
/'
•
'•
•
V'
,•
'•
'•
'
....
'
-
THE COMMERCIAL & FINANCIAL CHRONICLE
1997
OTHER STOCK EXCHANGES
Friday
'■■V:wv'Last
Magnin & Co
March
Edward D. Jones & Co.
-
Mig
Auto
North
American
Postal Long Distance
Bell Teletype SL 593
Can
Exchange
Range
Sale Price
STOCKS—
5r/o
S
40
35
Feb
38% May
28%
18
28%
Apr
33%
7%
200
13%
26
10
21
20
18%
38%
28%
:
__
.
.
16%
May
Jan
&
Shoe
Blanke
Meyer
P
5%
106
Apr
7
Jan
May
29
Jan
10
22
3%
3%
8%
438
1.95
1.95
22
525
8%
1.95
1.90
3% May
8 % Apr
1.35
Jan
3%
Feb
4%
Feb
9%
Jan
Feb
9 2.15
Apr
15% Apr
24% Mar
20
Jan
1,177
29%
Jan
1,049
22%
31
Jan
97%
Jan
2,372
3,567
177/8
17%
26 Va
26%
26 Vz
25Va
26%
95
95%
30
90
Mar
80
*
*
17%
26%
25
82
186
72
Apr
101
Jan.
87
87
20
87
May
100
Jan
100
common
*
*
*
common.—
'*
& T
5%
•
.
,
20
1.75
1.75
12
1.50
550
6
11%
Apr
154
Jan
1.80 May
11% May
6
4
Jan
100
39%
42
200
31%
24%
24%
140
24
1.40
15%
11%
100
11%
6%
11%
6%
100
.
v.
10
v. .384
386
v
20
100
3%
3%
Jan
15
10%
10%
485
16%
17%
13%
13%
7
Jan.
Jan.
1.75
May
Jan
11% Mar;
Apr
3%
Jan
25%
Apr
6%
-
45
>
Mar
100 9
530
it
Jan
Mar
1.40
205
1.50
—-.1
I?yan Aeronautical Co.—
8%
Jan.
103
Jan
Jan
5 Ye
Feb
Jan
21 Vb Mar
5
May
100
May
May
7% Mar
6
common.—
Signal Oil & Gas Co class A——
Soundview Pulp Co common.....
102 % Mar
7
Shell Union Oil
Apr
Gas Co
100
25
pfd series A„_
14
500
16% Mar
20V2 Mar,
100
13%
Apr
17
11
100 Ye
Feb
roi
27%
100
27%
■
—
10% Mar
100 % 100%
I6V2
13%
*
5
—1
Preferred
So Cal
25% Mar
Jan
Jan
Ya
Mar.
29 V2
Jam
*
10%
10%
10%
698
10% May
13%
Jan,
—*
19%
19%
20
926
18 Ve Mar
22%
Feb.
Water Associated Oil common—10
8V4
8%
8%
987
8 V* May
10%
Feb,
Pacific Co
26%
26
26%
398
26
May
32
Feb
*
common—--
22
*
*
5
Inc
*
common—
—
class B
common
Ltd
R Co
Southern
International
Jan
5%
1.05 May
preferred..
25
Republic Petroleum Co common——1
Rheem Manufacturing Co—i—j—1
Richfield Oil Corp common.!——-—«
Roos Bros preferred series A.
100
Mar
10
7
7
10
50
100
100
s
—
7 % May
Feb
60
5%
5%
*
-—'——100
—5
.
■
—
common....;
D
&
High
13%
10
1
Ely & Walker Dry Goods common—25
Huttig
High
E
Rayonier
21
"*
.
Chicago & Sou Air Line pfd—
Coca-Cola Bottling common—
Huttig S & D preferred
19
Preferred
Range Since January 1
Low
7%
*
Hussmann-Ligonier common.
R
Shares
38%
50
preferred——
Shoe common-....-^—.-
Brown
May
Co.'s
Puget Sound
for Week
of Prices
Low
Par
Inv
Jan
16
Sales
Week's
Last
American
3
10
preferred.—;
Pig'n Whistle preferred
official sales lists
22, both inclusive, compiled from
Friday
Paraffine
Jan
755
common
Tel
Jan
300
Light Corp common
Tel &
Feb
5%
15
Apr
3%
dividend
$5
Pacific
Apr
12%
1.10
preferred..——1
1st
278
1.50
16%
1.05
Pacific Coast Aggregates.——
Pacific Gas & Electric Co common__25
6 '!o
St. Louis Stock
Filters
Co
High
Jan
4
375
.
13%
Low
90c
3%
10
United
v
i
1,816
pfd—100
bxk'h
Insurance Co
Oliver
Pacific
CEntral 7600
4
16%
Occidental
Phone
Exchange
Exchange
1.20
1
common...
Invest
Range Since January 1
•
High
13%
13 Vb
5
10
Pacific
16 to May
Fibres
Shares
4
common..——-—1
Co
for Week
1.00
North American Oil Consolidated
Chicago Stock Exch.
Chicago Board of Trade
Associate Member Chloago Mercantile Exchange
New York Curb Exchange Associate
May
common
Machine
National
705 Olive St.. ST. LOUIS
St. Louis Stock
(I)
Calcul
Menasco
Established 1029
Members
New York .Stock
Low
1
———*
Magnavox Co Ltd.
Sales
Range
of Prices
Par
St. Louis Listed and Unlisted Securities
-
Week's
'.V
Sale Price
STOCKS—
11%
11%
11%
150
11
Apr
12
Feb
14
14%
125
12%
Feb
14% May
Tide
13
13
34
12 %
Apr
12% Mar
Transamerica
Supply common
*
Missouri Portland Cement common...25
Midwest Pipe &
Standard Oil Co of California
4%
5,285
4
Jan
4%
Jan
25
10 Vz
10%
10%
1,833
10
May
13%
Jan
Sugar common.:
United Air Lines Corp—
25
5
16 %
10%
16%
16%
250
17
Apr
9%
10%
294
9Y4 May
Universal Consolidated Oil—
—
10
6
Oil
Union
*
Common
Scullin Steel common.
—■
Electric
common
100%
Feb
10%
100
9%
Jan
120
4%
7
7
7%
46
5%
100
5
12
55
21
May
7
Mar
Union
Apr
7
Feb
21%
5%
21
21%
102% May
Feb
7
7
1
15
Sterling Aluminum common.-
20
10 %
~
1
*
St Louis Public Service A common
Wagner
102% 102%
100
National Candy 2d preferred
San Francisco Stock
9%
Jan
6
Apr
Equipment Co common
Wells Fargo Bank & U T—
Western Pipe & Steel Co.._—
24% Mar
Checker
Cab
series
Co
Friday
Last
Tel
American
& Tel
Sale Price
STOCKS—
Shares
Accessories
Fund
Ins
Assoc
Atlas
Inc
5
Imp Diesel Engine
Biship
Oil Co
Byron Jackson Co
'
.
1
•,
•
1.85
Jan
Cities
2
2!/8
1,500
1%
Apr
2J/4
Feb
Coen
4
3% Mar
4%
Feb
6%
6%
100
6%
Jan
7%
Feb
Consolidated
1.05
1.05
200
1.00 Mar
1.25
Jan
Continental
——
Chemical
.-'125
2% Mar
16%
325
16% Mar
10c
10c
200
33 Vb
33 %
250
Ind
A
;
2.85
1
5
—
100
18%
165
2.85
470
3
4
Capwell
Preferred
^3'-
Jan
19%
Jan
Apr
30
10c
41%
May
Apr
22
2.00
Mar
80C
24%
11
9% Mar
18
10
—
General Motors Corp common.
__
_
26
4
Golden
State
—
4
Development
Holly
Feb
15%
Jan
36%
26
200
6
206
8%
capital.
Corporation
Oil
Honolulu
10%
11
4
"~7
Libby McNeil & Libby
4%
4Va
4
Lyons Magnus class B
30c
—
1,100
.
a27c
8%
11
27c
8%
32
30c
Feb
385
8% Mar
11%
2Vb
59
2% May
2%
Apr
Apr
Jan
13%
50c
Mar
675
4
Mar
30c
May
Feb
13
Jan
42c
Feb
11% May
8% Mar
a2
—
-
General
Co
*
Mary Mines Corp......
1
2.30
*
3
Electric
4 Vfe
Jam
40c
5
5
(.Delaware)
.
19%
6V2
26.
•
25
100
198
:
26.
23%
23%
60
958
5
Mar
35c
Jan
Apr
Mar
13%
Jan
6%
Mar
19% May
6% May
24
Jan
Feb
19 % May.
■
8%
Jan
Jan
%
Apr
29"%
22%
Apr
28
Jan
'
Idaho
International
J
Tel & Tel Co
com
Copper Corp common.—
&
M
Monolith
&
M
*
Cement 8%
York Central RR
Motor
Co
__
2.15
2%
a26%
7c
.1
cons
Portland
1,300
2.30
865
3
15
26%
7c
2,000
pfd__10
5%
5Vz
202
—■*
a27%
29 Vb
170
capital.
2.00 Mar
2%
4
Jan
3
Jan
May
*
__
a7
27% May
5c
36%
Jan,
9c
Jan
6
Apr
Apr
5% May
24% Apr
27%
Jan
10
13%
Jan
27
7
250
1
a8
8
80
6%
Apr
8%
Feb
-_■»
common—
10
10
common...
Pennsylvania RR Co
Radio
9%
Jan
a27c
8%
1
Schumacher
8%
200
4%
30c
May
145
Jan
Apr
10
250
3
5
19Vi
6V2
Jan
108
Mar
7%
9
47c
20
a2
2
35
2
Feb
2%
Jan
331
20
Apr
10%
May
Jan
Apr
47c
2%
—
-
Aviation
25%
200
a2%
Corp
Co
Co
35% Mar
11%
Feb
37 % Mar
Jan
5
Oil
Oil
American
Jan
11
—
29%
11% Mar
American
31%
100
Jan
1.50
155
North
95c
12
Jan
28%
12%
North
Feb
12
128%
Apr
1.15 Mar
12%
New
Apr
1
Ltd
Co
Pine
Hawaiian
12
Apr
23%
690
36
34
104%
302
1.40
12%
common...
Jan
May
a
Stores Inc
Bros
1.40
*
Corp of America
Wall
6%
20%
50
—
*
Board
So Calif Edison Ltd
preferred
preferred
«a2%
:
Standard
of
Oil
N
Corporation
United Aircraft
U S Petroleum
a2%
20%
160
3
85
17% May
23
Feb
17%
239
15
Apr
20%
Jan
26%
50
25
Mar
28%
Jan
3
Mar
3%
275
33%
33%
275
32%
32'A
32%
100
5
a23%
a24%
24%
20
3
25
Corp capital
Co
Jan
17%
25
J
3
Feb
Feb
a26%
al7%
25
common—
2%
24
al7
17%
0
25
common
Standard Brands Inc
Texas
Hale
Jan.
125
23%
a23
35c
A
Jan
60c
7%
4
Ltd
Co
Feb
28
Mar
100
Inc
Jan
83
9
7%
Gladding McBcan & Co
Jan
15%
969
114% 114%
a23%
1.40
34 Vb
10
common..
Montgomery Ward & Co—
32
26
4
Co
Jan
1,274
35%
27
35c
Kenn
130
34%
35%
10
Jan
270
Jan
35c
M
•75
100
100
May
—
Jan
150
70c
205
*
Co.'s
Jan
May
12%
88 %
70c
Jhn:
3%
Jan
700
32 %
87%
.2%
Corp preferred—
Paint
General
32
25"
__
common
27
1
3%
76% Mar
50
-
Insurance Co
Kleiser
&
27
2%
11%
Mar
166
218
13%
13%
capital
88
2.50 Mar
10%
78%
13%
150
3
21%
Apr
10%
13%
common
wi
(w
Fireman's Fund
Foster
Co
30
14
Sullivan
Service
Packard
Emporium
207
Curtis-Wright Corp
Dominguez Oil Co—
12% May
Jan
5c
76%
L
77%
——
11
18%
■»
—
12
22%
11
—
common-
2,300
22%
B. -2%
Inc com—
of America
1.10
95c
1.10
25
System
Crown Zellerbach Corp
Preferred
2%
16%
33 VB
Jan
%
7
2.20 May
14
100
Consolidated Edison Co of N Y
'
pfd
1st
& E
Broadcasting
Creameries
315
2%
2%
#
Cons
Feb
10
12%
.
Central Eureka Mining Co common I—1
Columbia
200
12%
—
Sugar
Counties G
&
Jan
_
Coast
Inc
1.50
•
;
,
Co
Hill
1,375
*
common—!—•.— —20
California Packing Corp common~"l
Carson Hill Gold Mining capital
<■
Caterpillar Tractor common—-
Calamba
&
Bunker
1.70
4
—2
—
High
1.60
10
__
LOW
High
2'/a
Alaska Juneau Gold Mining Co.—_ -10
100
10%
■
Range Since January 1
Blair
Aircraft
2.20
205
50
5
Corp of Del
1.60
50c
2.20
100
Co.—...
Topeka & Santa Fe
Aviation
'
2.20
Jan
Mar
50
2
Copper Mining
Mining
Atchison
for Week
of Prices
Low
Par
155
10
Co
Anaconda
sales lists
Sales
Range
6
12%
Unlisted—
Argonaut
Week's
6
1
100
Victor
Exchange
16 to May 22, both inclusive, compiled from official
4
4
May
Yellow
May
2
Corp—
of California;
Co
1
85c
1,000
85c
5
30%
85c
Jan
41%
Jan
38%
Jan
32%
Apr
32% May
26% May
Jan
Mar
1.05
Feb
Apr
55%
Jan
5%
Jan
Feb
5%
United States Steel
Jan
Warner
Apr
35c
Westates
*
common
Pictures
Bros
Petroleum
__
5
preferred-
a44%
a4%
—1
70c
249
46%
30
4%
200
70c
45%
4%
65c
Apr
80c
Apr
Jan
CANADIAN MARKETS —Listed and Unlisted
Friday
Montreal Stock Exchange
May
16 to May 22, both inclusive,
Friday
Last
Week's
Par
Dominion Steel & Coal
Sales
Shares
Range Since January 1
Low
High
-
High
Tar
Dominion
Textile
Preferred
&
_
Corp
Asbestos
Breweries
Associated
Power
Bathurst
Bell
Co——
Telephone
Brazilian
& Paper A
P
L &
T
13%
144
8%
Col
Bruck
15 %
14
144
144
8%
18
18%
Power
18%
15
13%
15
Corp A—'———
*
Mills——,—*
Building Products A—
*
Bulolo
5
Canada Cement
0
Canada
Steamship—
*
br/e preferred.^—_——-—
50
Canadian Bronze———
"
Canadian Car & Foundry——*
Preferred
;——1
-25
Brit
18
18%
*
*
*
——100
—-*
-
5
Silk
70
8%
13%
8
...
19
Apr
17%
Jan
13%
Jan
14%
Jan
150%
Jan
Apr
8%
1,223
6%
Jan
133
18%
5
-50
-
8
195
Canadian
1,118
v
Preferred
7%
Right
Cottons.,——,—100
Canadian
Ind
Canadian
Pacific
27%
•5%
5%
V
5%
25
75
26
26
125
26
60
135
122% 125
22%
.
.
102
25
22%
&
$
Canada.
—
5% May
Jan
Mar
Mar
25%
Apr
27% May
4% Mar
21% Mar
21% Mar
120
Mar
22%
102
3
Jan
13% May
12
Jan
Jan
5
•>
Gatineau
a
Wares-
Preferred
__
Hamilton
___
__100
_
Smelting..
Gold
Smith
Dominion
Bridge.—
Dominion
Coal/preferred.——
Dominion
Glass
7% May
i29%
32
>
5%
Imperial Oil
Jan
Imperial Tobacco of Canada
Jan
25% May
26% Jan
125%
23
Jan
Ltd—_
International
Preferred
_
__
For footnote
see
page
2000
j
„
4
4
255
14
14
25
3%
Jan
Apr
Jan
May
150
May
Jan
Jan
Apr
6
13
Feb
16
5%
200
5
Feb
5 Vb
125
5
Apr
65
86
Apr
Nickel
International
Petroleum
of
Co
Jan
3
45
2%
Apr
3%
3
3Y4
347
2%
Feb
3%
Jan
10%
Jan
805
'.A
6.75 Mar
305
9Ya May
99
99
24
45
24% /;.
8%
9%
9%
IOY2
10%
97
22
Apr
8Y2
532
9%
1,080
7% Mar
92
14
Mar
250
99
24%
Jan
-
Jan
Jan
100
•
Jan
28
Jan
9
Jan
Z
12%
Jan
75
11
10
Apr
12
Jan
45
20
Feb
22%
Jan
Apr
36
Jan
13%
Jan
9% Mar
21%
21%
21%
31%
31
31%
483
29
a
12
11%
12
460
11V4 Mar
16'%
16 V*
Ltd
Jan
6 Y4
3
a
Canada-
6
88
.
Jan
Mar
102 % Mar
Lake
of
the
a
Woods
Massey-Harris
Mont Light Heat .& Power Cons
6%
6%
50
5%
Jan
6% Mar
Montreal
Tramways
37%
37%
535
37%
Feb
National
Breweries
39
5%
5%
->25
_
_
International
3% May
6% May
Jan
22%
22%
415
20% Mar
26%
23%
23%
57
22% Mar
24
12%
290
12
Mar
-15%
Jan
25
112
Mar
115
Apr
115
150
a
Feb
12
10
5
__
Mar
115
150
Jan
82
8.20
_
_
-
12%
73
10%
_
Bronze_
5%
23%
10
74 Ya
9%
a
Jan
488
115
4 Ya
7.80
.1
1,383
25
Feb
9%
a
Bay Mining
5%
100
3Va
8.20
-.100
Preferred
Hudson
3%
.——'*
♦ v-
300
a
__
Jan
Mar
National
.
__100
a
_
Car
Flour
Preferred
—
24
——
a
_
45%
a
_
20%
______
Mills
_
-
a
Corp.
Noranda Mines Ltd
Ogilvie
21
—
100
17 V2
Jan
3
130
Apr
3%
Jan
20'%
21
1,868
20
Mar
23 Va
Jan
13
13%
25
12
Apr
16
Jan
24
24
125
24
Apr
26
Jan
37
37
75
37
Apr
39%
Jan
30
——
25
Steel
16 %
a
a
_
Preferred
Distillers Seagrams—.—
9 Ye
4
5
Mines
Paper common
5%
—
3Y4
_
_
3%
5
Jan
3%
88
—
Bridge
Hollinger
5%
___
_
Gypsum Lime & Alabaster
Howard
5%
—
General Steel
5%
Ry
25
——*
Mining
21% Jan
Jan
5% Mar
35
102
_______
__
of
Co
4
High
6V4
150
$
—3%
Alcohol——,
Plow
Consolidated
151
305
25
-
Cockshutt
-84
55
-
*
——
—
Canadian
26%
27%
—
—*
100
Ceianese———
26%
26%
11%
4
-
-
4%
5
7
8% May
May
18
-165
4%
Foundation
_
_
Low
8%
1,310
74
.
Range Since January 1
High
9
-100
_
Shares
Jan
14
142 %
7
Apr
17% Mar
207
13%
9%
161
"
4%
--
Jan
215
1,090
——————.
.—
8%
4
_
_
for Week
Range
Low
8%
.25
.
_
Sales
Week's
of Prices
*
__
_
Dryden Paper
8%
*
Steel—_—
Algoma
B__
Chemical
Dominion
for Week
of Prices
Low
Par
Sale Price
compiled from official sales lists
Range
Sale Price
STOCKS-
Last
STOCKS—
30
41
29
Apr
34
Jan
44
45 Ya
798
41% Mar
52
Jan
20%
300
20
Feb
5
151
Feb
3
20.1%
151
151
100
16Va Mar
2%
22 Ya May
155
Jan
Monday, May 25, 1942
THE COMMERCIAL & FINANCIAL CHRONICLE
1998
CANADIAN MARKETS-Listed and Unlisted
Friday
Last
Range
Low
Par
Ontario
Steel
L
Ottawa
H
Products
Power
&
10
75
100
80
80
so;;
100
preferred
preferred——
Corp of Canada
Power
10
,
121
121
Quebec Power
Holland
Saguenay Power preferred
A
preferred.:.
11 Ms
100
preferred—
Shawinigan Water & Power
Co of Canada coriimon
Steel
Preferred
—
Winnipeg Electric A__
Jan.
105
25
1.10
Aldermac
Ashley
11
Jan
Aunor
Royal
13
Jan
106
Mar
1.10 May
100
2
11
30
'
of
Montreal—
of
Nova
Scotia
:__100
16 to May 22,
May
13
60'/a
68
68
68 Ms
147
-
85C
Feb
169
Apr
150 Ma
Jan
6 6 Ms Mar
Feb
Feb
68 Vi
Jan
150
Bidgood K
l
53/4C
5M4C
53/4C
3,200
«
83/4
83/4
83/4
60
Telephone
Top "B"
13 Ml
142
4MaC Mar
.
8
Feb
Feb
10c
Jan
9 Mi
Apr
6c
Jan
9c
May
32M2C
Jan
6.60 May
9.30
Jail
9c
7 MaC
9c
9,700
9c
9 Mac
18,930
*
7.25
7.25
7.90
1,250
25
Bobjo
20 Mi May
l
1
Feb
578 Mar
50
7
1
Feb
9c
20 Mi
20 Va
20 Va
33
*
___*
8 Ma
8M4
8 Ma
1,540
American
Oil_
»
15 Mi
15
153/a
931
13
Mar
18
221
18
Feb
22
Jan
12
M» May
29
Apr
Jah
Brant
Cord
Brazil
6 Mi
6 Mi
Traction
preferred
——_
147
147
96
143
Jan
150
141
141
141
47
141
May
152
1-eo
British
Columbia
PoWer
181
181
181
23
181
Apr
188
Jan
British
Dominion
Oil—
147
147
148
121
146
Apr
153 Ms
Jan
Broulan
A—
*
1
Week's
Range
of Prices
Low
Sales
19
—
Ankerite
Low
50c
Light &
cumulative
Commercial
High
Dominion
Eng
Dominion
Oilcloth
Donnacona
Aircraft
5% May
18
18
385
1.15
1.25
300
28 Ms
28 Ma
55
Ltd
A—
P
Air
&
Paper Co—
pfd
Jan
1.45
Apr
Jan
31
12 Ma
6
12
May
13
Apr
2 Ma
15
Apr
3
Jan
Jan
24
May
24
53/4
53/4
8 Ma
21
110
8 Ms
2M4
15
0
35
24
5% May
Feb
8
1.90
2Vs
2 Ma
2 Ma
100
1.75
1.75
1.85
2,616
40c
40c
100
18
18
25
18
22
Feb
1.75 May
.35
Apr
6 Ms
Jan
Mar
9
2 Ms Mar
3 Mi
Jan
.55
Feb
Apr
20
Feb
Mar
25
Jan
4
Jan
10
Feb
22%
23
145
2Ma
2 V*
2 Ma
130
2 Mi Mar
100
93/4
9%
9%
165
6 Ms
Apr
Canadian——
2
2
175
1.50 Mar
2.25
Apr
23/4
23/4
23/4
25
2 Mi Mar
3 Ms
Jan
17
*
17
16%
907
14M> Mar
17
May
12
13 Ms
Feb
10 Ml
31
10
Apr
10 Ma
10 Ma
550
10
Mar
50
32
Apr
35
5M4 May
10
34
34
5 Ms
5 Ms
5
1.00
1.00
100
1.00
Jan
Apr
Jan
1.00
Jan
0
12'/2
12 Ma
13
220
12 Ma
Apr
16
Feb
100
12
12
12
75
10%
Apr
12
Jan
14 Ma
14 Ma
25
11 Ms
Jan
14%
40 Ma
40 Ma
25
39%
Apr
45
Apr
Feb
2M4
2M4
50
14 Ms
—
2%
Ltd
100
100
*
Mar
2
50
Feb
100
2 Ml Mar
"A"_.
6%
cumulative
6%
N
1st
Jan
Transports
$1 cumulative preferred
Walkerville
Worts
77
45
73
May
77
31
31
25
31
May
33 Ms Mar
5
5
65
77
100
19
1.10
525
43 Ma
170
18%
*
(H)
•
423/4
4Mi
175
1.10
423/4
*
Brewery
&
Feb
77
50
*
preferred
preferred
partic 2d
C
Apr
Jan
6
19%
Feb
Feb
1.10
Apr
40M4 Mar
50 M4
Mines
1.05
Malartic
.08
Apr
.16 Ms
Jan
11%
12
400
10 Ma
Apr
17 Mi
Feb
1.47
1.50
500
2.24
Jan
39c
500
1.47
Ltd
39c
1.00
Mclntyre-Porcupine
Mines
3.85
Feb
5c
Jan
lc
lc
200
Jan
2.80
Jan
2.22
Jan
1.54
1.46
1.55
1,900
1.20 Mar
36 Ms
3 6 Ms
50
36 Ms May
70c
72c
1,520
65c
May
62c
62c
600
50c
Apr
3c
May
3c
3c
200
1.08
1,250
1.00
1.45
1.45
200
1.00
41c
41c
14,200
Gold
Mines
Gold
Mining Co Ltd
of
B
C___
Mines
Ltd
Ltd
1.00
Consolidated
Mines
33c
22c
65C
Mines—
1.44
37c
.88c
Feb
Jan
Feb
4c
Feb
1.31
Jan
2.05
41c
1,000
29c
May
49c
Jan
500
18c
Apr
31c
Jan
50c
Mar
60 e
50c
51c
3.95
3.95
300
__1
3c
3,100
3,100
3c
Mines
*
2.50
2.30
2.50
;
»
2.39
2.35
2.40
17%
3.95 May
Jan
Jan
3.95 May
4C
Jan
1.90 Apr
1,400
17%
.
2.68
Jan
Heb
2.70
100
*
Canada Steamship Lines
Canada
"B"
2.33
17
Friday
Last
Sale Price
Mar
Canadian
Bank
Canadian
Breweries
of
Commerce
Par
Low
•
preferred
Acme Gas
Oil &
Grain
_ioo
*
May
19
Jan
B
4
55c
common
5c
4
4 Ms
IIII60
25
50c
105
49
Z
Apr
4
517
500
75
42
7 Ma
Jail
101 Ma Mar
Feb
87
Jan
Feb
126
Apr
120
5 Mi
Feb
Jan
376
25 Mi Mar
29%
52
139
49 Mi
57
Jan
18
24%
Feb
141
142
54
115
115
200
28 Ma
141
Apr
19% May
140
May
28
Apr
30 Va
Jan
10
53/4
301
17 Ma
75
16
Apr
8%
8M4
8%
150
8
May
5 Ma
5%
5 Ma
285
4% Mar
25
25 Mi
20
22
Jan
26
30
21
Ma Mar
125
125
90
120
Mar
13
13
120
25
——____
Preferred
100
*
———
Dredge.:
Canadian
Locomotive—
125
4% Mar
9 Ma Apr
5 Mi
5%
2,610
5 Mi May
18 Ma
18 Ma
5
17 Ma May
1.15
1,400
Ry
25
5 Ma
Wirebound
*
18 Ma
1.15
1.10
58c
58c
625
50c
Feb
91c
85c
90c
9,730
80c
Apr
5Mic
1,500
5c
Apr
19,050
70c
May
——
Pat__
Central
5c
Porcupine—
85c
Will—
Cochenour
—
87c
1.25
1.25
60c
63c
7,600
6 Mi
6
72c
1.00
20
63c
Chromium
75c
1.25
Chesterville
Mi
37%
38
521
—100
112
111
112
55
Denison
1
4 Mac
4 MaC
5c
7,100
Distillers Seagrams—..
*
22%
22
22%
352
12 Ma
11 Ma
12%
2,230
*
.
6 M»
75c
Apr
5 Mi
1,610
37%
_*
_
Smelting
Apr
1.25 May
46c
40
75c
5
Plow
Coniaurum
Consolidated
125
14 Ma
46c
Pacific
Treth
Jan
26%
Apr
Canadian
Central
Jan
25% May
Apr
640
Canadian
Castle
Jan
6
7
42
36c
Malartic
Cariboo
Jan
9M2
25c
9
36c
35C
Canadian
*
6
22
9
8 Ma
*
Feb
1.40
25
*
Jan
/an
28 Ma
53/4
154
-
Feb
1.00
53/g
28 Ma
*
Celanese—_
Canadian
May
19 Mi
*
Preferred
Canadian
7 Mi
26 Ma
26 Ms
Gas
Consumers
Mines—
Dome
Jan
6%
20
1.72
58c
1.30
Jan
Feb
Jan
Feb
Jan
Feb
Apr
Jan
May
Jan
lOViC Jan
1.50
Jail
2.00 May
63c
6 Mi
May
37%
Mar
92c
Jan
Feb
39
Jan
May
60c
132
Jan
Mar
2Mac Mar
21
Mar
1037a Apr
100
175
175
2
—25
11
12
50
17 Ma
225
8 Ma
9
2,000
4
4
5
r
11
17 Ma
Bank
Dominion
110
175
4
5%c May
25 Ma
Jan
17 Ma
Jan
191
May
May
15%
16 Mi Mar
18%
Feb
r
Dominion Coal
preferred—
Foundry—.
Dominion
Dominion Steel- class B
25
:
8 Ms
Stores—
Dominion
Tar
May
5
Apr
4
Jan
Jan
Apr
Mar
Feb
1,400
85
15
85
May
87%
Jan
1.00
17
95c
Mar
1.25
Jan
3%
_1
7
7 Mi
130
6 Ma Mar
3c
3c
8,225
2%c May
1.32
1.50
17,953
42c
20
.—_:
3c
1.44
—_
Preferred
Duquesne
9'/4
85
3 Ma
3%
100
Woollens——
Dominion
Jan
1.00
*
common
-_i—
Preferred
6 Mi
3
38c
42c
7,575
2.70
2.80
1,000
7 Mi
Malartic.
Eastern
Eldorado
7%
10c
Feb
Jan
Francoeur
5%
Gods
pr
15
Mar
22
200
25c
May
25c
2 Ma
2 Ma
125
17 Ma
163/4
17 Ma
1,068
25c
25c
500
5%
76
77 Ma
10 Mi
9
9c
Apr
May
Apr
6s/ac May
3 Mac Mar
5 MaC
5 MaC
2,000
lc
IMaC
9,000
_*
32'/a
33
191
473/s
47 Ma
lc
31%
39
7c
May
Rock.
Jan
20c
Jan
UV4C
6c
Apr
May
3VsC Jan
Jan
May
98/aC
12,800
3
1,560
2M2 Mar
2.00
2.00
250
1.90 May
3
3 Mi
575
2 Ma
Apr
2 Ma
2 Ma
640
2M4
Apr
18.420
Apr
3M2
Jan
Jan
3.00 Mar
3%
Jan
3 Mi
Mar
55c
Jan
:_1
High wood
Hollinger
'
—
Oil
i__
45c
38C
45C
1
I.
/,
2c
2c
2c
2,000
2c
Mar
2%c
9c
May
20c
Jan
Jail
10.50
Jan
_*
._5
9c
9c
90
2 000
8.15
7.50
8.20
4,380
6.70 Mar
__*
2.35
2.35
2.41
4,814
2.31 Mar
2.70
Feb
6M2C
Apr
20c
Apr
28 V'8
Jan
1
__°
Bay..
5C
8,500
2 Mac
16c 16 Mac
1,000
14c
25
735
4MiC
I_1
Homestead
24 Ma
243/4
-
Oil_
100
183
183
186
83/a
8 Ma
1,430
10 Me
21 Mac
1
^
5 Ma
5 Ma
91
May
Apr
30c
5
Apr
89
30
May
31 Ma
30 Ma
31 Ma
2,053
29 Mi
0
12
12
12 Ma
1,329
11M4 Mar,1.
8MaC
8MaC
3,500
8c
15 Mac
19c
3,000
15c
3.90
3.40
3 90
14.373
45c
41 MaC
46C
23,000
i_i
Petroleum
9.10
8.75
9.15
i'i*
—0
3.45
3.20
3.50
|^y
Waite_.
19c
Mines.
:
9%
Apr
+
Nickel
204
12%
9%
22
90
Apr
20c
1,500
100
Mar
7% Mar
10
23C
9%
_5
A—
21%
183
52
8 Mi
Bank—
Metal
Jan
20
Jan
23/4
32C
6
77 Ma May
13c
1
i.
Bridge
Carpet—.
Jan
May
42V4C Jan
60
9 M«c
95/«c
17
Jan
49 Ma
Apr
l-41
*
!
3%
Jan
May
Mar
*
:—1
'
——;
Imperial
61%
5,900
50
•
Apr
4% Mar
1,100
8 MaC
8C
1
Gypsum
Harker
19c
14,400
10M4C 10 Mac
Apr
14 Ma Mar
35
9 Mi
IOM2C
2%
75
5 Mi
5%
1
Gate—
Gunnar
Home
205
25c
—1
Eagle
Hard
15 Ma
25c
"
:_—
Preferred
Hard
15 Ma
100
100
Lake
Hamilton
3.60
25c
2V/2
41
Power___
preferred
Golden
Jan
2.70 May
15Ms
———A
—
_
Goldale
Gold
Jan
*
——
Petroleum.:.
Ford class A—
5 Ma f/o
2.30
49M2C
*
A
—
Aircraft.
Gatineau
Apr
Feb
1.22
32c
*
:
—
Farmer.—___
Fanny
Federated
Fleet
—.
May
4%c Mar
9c
75c
21 Ms
High
75c
Kerr-Addison
Kirkland
7
Apr
Maf
Mar
Jan
Lake
Jan
Lamaque
.
Lake.
2.93 Mar
40c
May
Jan
7c
12c
Apr
May
85c
Apr
Mar
27
Feb
Jan
Shore
—I;
G__
Lang & Sons.
Lapa Cad
:
1,395
■
6.75
Apr
3.15 May
10 Mi May
10 Mi
100
4MiC
5Mac
2,500
I
;
1,550
10 Mi
5c
For footnote see page 2000
May
1.20
74% May
62
26 M»
14
46
30
105
120 120 Ma
6%
__—
International
Low
500
■
743/4
100 Ma May
Jan
7%
Feb
Jan
Jan
Jan
Jan
Jan
09
Jan
36 M4
Jan
13%
Feb
20c
Jan
29MsC Jan
Range Since January 1
800
5c
24
5
*
Canadian Car
Jason
Shares
9c
80c
lists
for Week
5c
80c
37
Apr
Feb
7
2.80
2%c May
51
IIIIIIIIIII III" IIII—I—IIII."
Jack
High
50c
7
37
Can__
Preferred
Canadian
International
sales
Sales
9c
Gas
Preferred
Range
100 Ma 100 Ma
Apr
19 Mi
100
Howey
Exchange
Of Prices
80c
4
61c
*
"A"
—
Preferred
compiled from official
Abitibi
Jan
*
50
Wire
i
International
STOCKS—
11% Mar
100
*
Inspiration
Week's
125
95c
75
Imperial Tobacco ord
Toronto Stock
13 Ma
95c
120
Feb
2M2C
450
Co Ltd
13M*
95c
"
Imperial
Royah'te Oil
Mar
100
Hallnor
87C
3c
Ltd
Apr
lc
Mort
Hudson
Co
91c
14.500
Per
Jan
May
Oils-
Oil
1.500
12.330
Packers—
Goodyear
75c
May
____1
,
Apr
Apr
40
65c
*
Ventures Ltd
1.00 Mar
250
22c
1
Mmes
Gold
68c
33c
1.00
Feb
4.00
300
1.05
Jan
Apr
2,500
2.30
72c
41c
2.08 Mar
3.20
3.50
_____1
Pioneer
Wright-Hargreaves
May
2.30
Mines Ltd__1.00
Ltd
Premier
Wood-Cadillac
lc
3.20
1
CadalPc Gold
Sladen-Malartic
.01 Ms
3.00 Mar
2.30
*
Mines
Sherritt-Gordon
.00 M4 May
3.50
5
Normetal Mining Corp Ltd
Mines
22MiC May
800
1
Malartic Goldfields
Gold
200
*
Ltd
Apr
1,142
1.00
tLamaque Gold Mines Ltd
Mines
lc
43c
MiC
3.35
Ltd
Apr
Feb
23c
MiC
1.00
1.22
32c
3.35
22MiC
*
Ltd
—_
Gold Rand
Gold
1,000
1
Mines
Gold Mines
Kerr-Addison
8c
1.00
Mines.
Francoeur Gold
8c
*
Ltd
Mines
Gold
*
i
Ltd
May
Jan
18 Ms Mar
Mines—
Corp Ltd
Ma
2.00
2%c
50
Falconbridge
Aldermac Copper
4
4
2c
100
_—
Dominion
103
Corp of Canada—
Provincial
8 Ma
Jan
10 Vi
10%
Mar
36c
1.15
19
19
Cockshutt
2
___*
<■
Ltd
Tubes Ltd
Page-Hersey
20%
Jan
*
Massey-Harris Co Ltd 5r/o
Mitchell, Robert Co Ltd
Aviation
Jan
28
»
P
Corporation
Jan
Jan
161
12
"
Service.
tMacLaren Power &
1.15
7%
Mar
2 Ms
tGoodyear Tire & Rubber of Can Ltd.*
John
Mar
May
142
148
*
trust——
Mackenzie
17
102
17
147
1,500
18,983
17 Ma
5
Ltd
Cos
Jan
20
*
pfd
a
_
of Canada
Motor
Jan
*
cum
Ltd
Ltd
Fleet Aircraft
_—_
A
Co
9%
17%
53/4
18
Jan
109
Jan
53/4
*
*
Jan
Jan
98 Ms May
*
Ltd
Linoleum
&
Paper
tEastern Dairies Ltd 7%
9%
13
*
Ltd
Corp
Ltd
Works Ltd
Corp
Mar
7
2M4
Apr
10
148
75c
Mar
1.40
99 Ma
100
preferred
Paper
Aircraft
25
15
preferred
Alcohols
tConsolidated
1.50
■*
common—
Catelli Food Products Ltd common
cumulative
1.50
96% Mar
99 Ms
«
Power Co
Vickers Ltd
269
100
Canadian Industries Ltd B—
tCanadian
100
May
May
*
•
—
9 9 Ms
4
*
Sugar Co
Preferred
640
*
*
Ltd.—
Breweries
1,425
100
Power 6% cum pfd
Vinegars Ltd
20% Mar
Range Since January 1
Shares
332
Canadian & Dominion
50c
15
45c
4 Ma
Canada
High
4 Va'
15
40C
45c
Canada
for Week
311
Ltd
Co
Jan
1.95
Oil_—
Bread
18 Ma
18
*
Can
lists
18
a*1
Calgary & Ed—_,
both inclusive, compiled from official sales
9%
Corp.
6 Ma
Apr
15 V*
P
13 Mi
Jan
4
___—
Bralorne
15
A
Fe
144
Bell
Bonetal
9%
6%
Fe
Apr
Jail
143 Ma
Jan
Jan
9%
Ajax
274
255
144
63
Apr
Feb
15 Mi
Home
Mar
228
100
Feb
1.05
*
Sullivan
269
17
Jan
1.15
0
Power
American Oil
Siscoe
25
231
230
94c
Apr
Beauharnois
Perron
270 Ma 270 Ma
6Mac
Mar
*
Pandora
270 Ma
188
14 Ma
3
Bathurst Power & Paper B
O'Brien
May
Apr
85c
99
Macassa
181
13 Mi May
80c
*
tKirkland
13
56c
95
Ltd
Aluminum
J-M Cons
182
2Mac Mar
^
Preferred
Eldorado
Jan
181
70
30
4
East
1.47
1,850
300
33/4
50c
Dome
May
91c
5,500
90c
50c
Walker-G
6,158
3c
85c
4'/a
K
1.17
13%
Mar
147
5
0
100
preferred
cumulative
Power
1.00
Jan
-70C
Gold—
85c
33/4
Sale Price
Abitibi Power & Paper Co
Noorduyn
Jan
55c
3c
*
>
;
Expl__.
85c
Par
tMoore
Jail
4MiC
65C
Beattie
147
STOCKS-
St
2.65
Feb
May
3c
Bear
Jan
58
55
.150
150
Last
Lake
Apr
2%c
70c
Bathurst Power A
Jan
14
12 Ma
970
60'/a
12 Ma
12 Ms
Friday
Voting
1.75
500
1
Jan
43
"B"
Fraser
1,036
<
1
15J/a
May
Build Prod
Ford
2,000
100
10 Mi May
85
Buffalo
Fairchild
36c
2.10
100
Bank Toronto
30
350
Montreal Curb Market
Cub
,
Jan
Jan
Bank
Buffalo
5%
High
lGMtc
Jan
8
Brown
1%
34c
Lot#
2%C
2.05
1.15
100
Canadian
7Mac May
36c
100
Canadian
4,300
2%C
100
Canada
8MaC
———
100
Calgary
7MaC
2.00
Anglo Huronian.
Jan
Banks—
British
70
British
Preferred
6%
8
Blue
10 Vi
30
10 Vi
-_"
-100
"B"
Class
11
150
6
105 Ms 106
100
*
*
Tuckett Tobacco preferred—
Steel Corp-^_
United
71/4
V2
Range Since January 1
High
8
8C
Bank
50
..100
—*
_____•
25
._.
May
53/4 May
73
1.10
Lawrence Paper
Apr
7%
St LaWfence
St
3
3M«
5%
100
j
Mar
Shares
toii)
Steel—
Algoma
Anglo Canadian.
122 V2 May
May
3
11 y2
11 Mi
May
80
121
7%
*
-j.*
_
•
May
14
3
*
Apr
79
235
——_r
Price Bros & Co Ltd_^
10
Apr
10
of Prices
8
Pa
High
Low
*
——
Penmafis
Range Since January 1
Shares
High
for Week
Range
Sale Price
STOCKS—
Sales
Week's
Last
for Week
of Prices
Sale Price
STOCKS-
Friday
Sales
Week's
4c
May
4.35
Feb
62c
Jan
12
Jan
4.15
11
8c
Jan
Feb
Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4075
Volume 155
CANADIAN MARKETS
Last
"
Laura
Secord,—^—---,
Leitoh
Little
class
Groc
Class
McL-Cockshutt
Madsen
Malartic
Man
M
G
;
P
Gard
McColl
Apr
26 %
Jan
*
*
20
19
20
19
21
19%
515
20
237
18 %
Apr
23%
Jan
2.27
2.07
1.10
41c
1.50
1-32
5
2.34
1.36
45c
1.54
1.57
5
26,685
2.02
Apr
2.85
Jan
Apr
1.68
Jan
Mar
51 %c
Jan
2c
100
1
1.35
44c
1-51
—
5
2c
v.
*
4%
3
.—20
:—-----*
12
2%
100
common
Preferred
,
30c
14,600
5,300
1.15 Mar
2.22
31,240
1.15 Mar
2.22
5
4
4%
3% May
724
2V2
405
^
10
3%
10
74
Li
McKenzie-Red
McLellan
i_-
5
1
j
_
Mining Corp__
•—i
Model Oils
4%
———-----——25"' 67%
Rock
Straw
Lake
.
Sylvanite
Moore Corp
i
J
__l
Apr
95c
May
1,500
13c
Mar
20c
T
20c
May
28c
666
161
161
18
134
134
2
9%c 11 %c
34c
40c
85c
90c
19,400
—.
11c
90c
45%
—
39 %
Star
1.04
Uchi
Gold
Jan
United Fuel A—
1.40
Jan
United
Oils—
—-—1
i
Pamour
Upper Can
Apr
178
Jan
Vermilata
Apr
138
Feb
Waite-Amulet
Jan
Walkers
Jan
8%c
85c
May
41
Mar
1,247
6,420
40
1.04
52
Jan
West
Apr
90c
Jan
Apr
55c
Apr
Win
65c
3,210
48c
Apr
90c
10c
2,500
5%c Jan
10c
16c
337,150
6%c Feb
16c
3%c
4%c
25,200
2c
May
60c
53c
60c
7,730
52c
May
85c
preferred
San
l%c
l%c
1,500
iy8c Feb
2c
Sherritt-Gordon
13%c
16c
9,840
12c
Feb
17c
Gold
Siscoe
1.98
Jan x
30c
30c
500
3%c
4,000
1.55
3,973
.11% Jan
y
Apr
2.34
Jan
6%cMay
80c
May
28c May
8V2C
Jan
1.10
-
Feb
50c
Jan
3%c
7%
8
32
172
4
1
430
•
Apr
7%
459
29
Apr
5
Jan
10%
29
Jan
36
Apr
2% Mar
Mar
4%
Apr
Apr
1.24
Jan
Apr
4.00 May
84c
73c
85c
10,310
4.20
3.30
4.20
623
10y2c
13c
21,100
5%c Jan
13c
4.15
4.30
4.00 Mar
4.80
„
4.25
42%
42
42%
18%
18%
18%
13y2c 13%c
3.00
5
13y2c
59c
5,525
55
300
111
111
10V4
10y2
85c
2.17
2.50
8,368
Apr
2.45
109
10
21
Apr
8c
Apr
9%
May
Jan
50
Mar
18%
100
„
*
40
•
70
85c
—
10%
Jan
/ Jan
15c
Mar
111 '-.
May
Apr
Jan
1.15
Jan
Apr
1.81
11%
Apr
75c
2.90
Jan
1.01
1.05
8,650
1.00 Mar
1.35
1.60
1.70
5,900
1.38 May
2.35
1.41
1.50
8,400
2.20
Jan
41c
42c
8,088
—
2.02
1.80
2.10
10c
15c
1,908
3%c
3%c
57c
Apr
3.20
1.64 Mar
14,190
15c
1.35 May
39c
2,500
500
Last
STOCKS—
—
8c
39c
Apr
2%c Apr
2c
for Week
of Prices
Shares
Range Since January 1
Low
High
5%
5%
50
%c
%c
1,000
%c May
%c May
5
5
100
4% Feb
5
5%
5%
50
Low
High
Jan
Jan
Beath
Jan
"A"
•
Treth
1
Silk
■>
Bruck
3%c May
3c
Sales
Range
Sale Price
Par
complied from official sales lists
Week's
Friday
Jan
1.48
inclusive,
Jan
1.70
Exchange-Curb Section
May 16 to May 22, both
Can
Brew
Bud
__
„
„
*
3c
3c
146%
17%
147
9
—
17%
50
1.63
1.50
1.90
8,472
1.35
Feb
15c
12c
18c
7,200
9c
Mar
18c
May
Mandy
__
78c
78c
800
68c
Apr
78c
May
Montreal
Power
65c
Apr
97c
Jan
Ont
__
Script—
3
Mar
:
5
.
5% MayMay
5% May:
Apr
Jan
6.00
—
—
May
146
May
16%
155
19%
Apr
2.05
May
Canada
Vinegars
Jan
Consolidated
Jan
Dom
Jan
*
Paper
175
•»
Foothills
__
*
68c
70c
70c
5,242
4.05
6%
66%
4.50
7
1,316
450
6
Apr
67
20
65
May
89 %
Jan
33c
31c
34c
30c
May
49c
Jan
Temisk
12,505
7
.
Silk
Osisko
May
__
«
Pend-Orielle
__
75c
*
4.50
6%
4.05 May
__
■»
Bridge—
1
preferred
preferred.
2,200
3%
Jan
—
1
6
100
Siiverwoods
'Simpsons
15
85c
30
Toronto Stock
1
Sigma
1.79
6%c
80c
„
Jan
16c
3%c
*
1
Rouyn
Creek
Sheep
1.75
6%c
__
*
1
50c
Antonio
Senator
—
85c
100
"A"
Jan
100
0
Royalite
1.75
*
—
4%c May
1
Roche L L
8% May
May
3%c
"
1
Royal Bank
1.15 Mar
200
*
.
Groc
Elect
Brett
Reno Gold
1,325
10
Jan ; =
Mar
,14%c
9c
14c
—
1
i
Queenston
1.40
10
•
Jan
61c
Jan
1
East Dome
Preston
1.27
1
Westons
45c
60c
65c
—1
.
1.56
Apr
10
*
——.
Preferred
61 %c
1
Premier
50c
•
13%c Mar
Apr
1.40
1
—
Wendigo
1.03
Pioneer
1.15
*
;
.
Jan
1
—
1,700
lc
Apr
8%c May
1
Ventures
4,505
46
Perron
Pickle-Crow
55c
*
Jan
50c
50c
1
Paymaster
4,800
1,875
52c
1.30 Mar
>
3,500
10c
50
Steel
45
Apr
74c
1
Mai
Partanen
Jan
lc
1.55
*
Apr
May
43
1
Nickel
Pacalta
l%c
2.90O
iy2c
1
Union Gas
10c
33c
50c
*
Ontario
Jan
1.47
10c
*
Res
Jan
2,800
67c
1
Omega
1.96
1.45
Jan
Jan
2y8c Jan
4%c
23c
—
—1
Gold
Jan
1
Wright-Hargreaves
O'Brien
Jan
70 %
1.25
_1
134
73c
'
Feb
Apr
10c
—*
_
158
-*
:
;
Normetal
5
37/8
Mar
40%
134
May
63%
135
__
50c
Jan
69
__
Mar
Mar
«
_
Tailors
Transcon
May
8,952
20
—*
Noranda
North
6%c
39%
*
*
Nipissing
6,000
20c
25c
1
—1
5
Naybob
Negus
Apr
Apr
20c
23c
100
Trust
Jan
May
1.06
-100
A
National
45%
May
3c
1.02
39 %
Mar
Jan
5c
3
1
.
T
lc
1.06
:*
4
Jan
7c
'
57
1.50
1
Apr
lc
Apr
2%c Jan
20
*
Sullivan
40c
34c
Apr
100
,
67%
1.45
High
17c
210
'
61
—I
1,
1
Basin
Jan
50c
7c
—
*
L_*
Sturgeon R
Jan
1,000
8c
25c
40
;
3%
4
4,500
57c
1 lc
4%c
1
50c
4V2
Tamblyn
Teck-Hughes
9,500
65c
1%C<
4%c
8c
—
1
-
1
Moneta
--
1
"
-
l%c
3%c
4%
95
May
36
*
-
^
McVittie
McWatters
65c
316
39%
37
-—1
Lake
—
39
—
*
Toburn
Mclntyre
l%c
3%c
—
4,200
1,000
9,000
45c
.Sud
Jan
LOW
25c
;
45c
—
Range Since January 1
Jan
2% May
1,080
22o
*
Steep
4% May
12 y8
;
L„*
Paving—
Preferred
Jan
Apr
I—,—.......Lal-L-I
Petroleum—
Preferred
Jan
Apr
y2
25c
...
Shares
High
Standard Radio—3%
Steel'Can——L-L.;——•
€1
60
May
2.75
Lake
Standard
,
Jan
5
May
1.50 Mar
78
.
■
12
2%
75
74
1.05
11,316
3%
—
;
2c
3
11%
2%
-■—--
;
_
South End
8,050
common
—
Jan
Apr
49c
1.05
-*
Preferred™
Preferred
1.35
92c
47c
Maple Leaf Milling
Massey-Harris
Slave
—1
—1
1
1
*
*
East
&
Leaf
Feb
95c
:,
of Prices
Low
Sladen-Malartic
52c
Feb
Wfefekl
Safes
vx.;Rangefor Week■
Sale Price
Par
10% Feb
38 %c
47c
—
Lk
R
6V2 Mar
2,750
1.03
L-
A—
———
—
288
I3/*
•
STOCKS—
High
,—~l
B——
MaCassa
Low
—0
—.—
Long Lac_„„—
LoblaW
7%
Range Since January 1
High
Low
•
Firidajf
i.L Last
:
Shares
of Prices
Par
Listed and Unlisted
-
for Week
Range
Sale Price
STOCKS—
.
»
Sales
Week**
Friday
1999
105
180
1,923
23%
65
75c
5%
75c
2,405
65c
19c
—i.—-
'
w-
24
Jan
19% Mar
50
9
9
3%c
1,500
2c
1.18
1.26
2,550
1.15
500
3c
Jan
Mar
-
Jan
24%c Feb
23%
Jan
10
Apr
May
3y«c>"3V«c
•
85c
Mar
560
330
Jan
335
Feb
3c
1.26
1
Min——a——;*—
22%
20%
20%
1
7%
160
24%c24%c
9
Lake
5% May
May
6
160
23%
Mar
May
Jan
6c
May
1.75
Jan
3%c May
OVER-THE-COUNTER SECURITIES
Quotations
for
Friday,
May 22
Bid
Par
Bank
Investing Companies
Par
Bid
Building
Par
Bid
Ask
Electrical
1
5.90
Aviation
4.86
5.35
1.75
1.92
Building shares_i__—_
3.94
4.34
-,_10
12%
14%
Chemical
4.36
4.80
1
2.21
2.43
5.83
6.42
Investing_10c
Stand Oil Shares
2
9.71
10.64
3.04
3.36
3%
4%
5.55
6.11
13.55
14.73
8.79
9.45
Holding
AAmerex
Corp
American Business Shares
American
Assoc
5.43
—-1%
Affiliated Fund Inc
Foreign
shares
__
shares—
„
Electrical Equipment
Food shares
__
General
Bond.
_
_
_
_
_
stock
Machinery
1
1
Capital Inc
Axe-Houghton Fund Inc
1
ACommon
Broad St Invest
16.95
9.70
10.64
ASeries
C_
1
1.54
ASerles
D
1
1.44
Railroad equipment
Steel
3.99
'4.46
4.41
ASeries A
1
3.95
ASeries B
1
3.86
25c
32c
Amer
Bond Trust
Amer
Tr
2.55
2.82
2.46
2.72
Equipment shares
1
2.35
Utility
3.42
3.77
2.87
20.80
22.36
7.41
8.02
100
1600
1700
Christiana Securities--
Preferred
2.13
2.36
5c
A7'.i
Keystone
1.89
1.89
100
118%
10
24%
—
111
2.50
2.50
3.70
Shares
Balance
B-4
K-l
85c
93c
14.69
1
8.49
9.02
Equitable Invest Corp (Mass) _5
Equity Corp $3 conv pfd—
1
Fidelity Fund Inc.——
*
19.22
20.67
13%
14%
12.07
4.98
1.74
1
1.41
10c
28c
10.28
_
_
Plymouth Fund Inc
Putnam (Geo) Fund—
Stock
First
Fiscal
Fund—
Fund
Fund
Trust
Mutual
5
Quarterly Inc Shares
Republic Invest Fund
Scudder,
Stevens &
21.39
_
Selected Income Shares
7.98
Bank of
12.00
Bank of Yorktown
8.94
9.85
6.65
2.32
2.58
Manhattan
Co
Bensonhurst
(Md)
series B
Income
50
23
Bid
Ask
45
50
21%
23%
National
90
13.55
Par
12%
12%
10
11%
11%
14%
National Bronx
50
National
24%
Safety
%. Penn
100
990
1020
Merchants
100
135
145
7.38
2.95
3.55
shares—
National
:
bond series
Bank of New York
25c
85c
95c
1
4.20
4.54
England Fund
10
Bronx
35
County
10
50
45
51
17%
25%
26%
25
National Bank
3.62
4.74
5.23
Chemical Bank & Trust-
5.02
5.56
Clinton
8.88
_1
9.58
Colonial
Central Hanover—
21%
23%
Corn
Stocks Inc—
3.98
4.39
3.56
x'
Aviation-
-
50%
34%
-100
Irving
12%
Kings
54%
Lawyers
_
_
63%
35%
Morgan
41
New
Exchange Bank & Trust_20
3.60
3.98
Empire
50
7.04
7.75
Fulton
100
(J P)
—
_
—
Co
10%
—20
30 %
31%
100
_
-.25
52%
151
58%
54%
161
161
S%
9%
10%
Title Guarantee
28%
29 %
Trade
38%
Underwriters
35%
150
,
25%
-20
&
205%
1135
22%
_
York
9%
_25
-
_
200%
1085
12
& Trust
Bank & Trust
-
_10
2%
16
3%
20
6.39
••
8%
-100
—
Preferred
60%
38
25
-10
_
County-
33%
•
.i
9
10
5.80
■Automobile
3.22
Companies
Guaranty
20
—50
Continental Bank & Trust——10
shares.
32%
261
6.36
3.26
L
100
251
Manufacturers
5.77
—
100
Bankers
Brooklyn
Preferred stock series
New
Sterling
New York Trust
2.22
*
series———i-——
Low priced
shares—
9%
National City
6.70
Agriculture———-j——
2000
Ask
14 '/a
Public National-
voting shares—
New York
For footnote see page
Bid
12%
42
143
3.84
Automobile
10
66%
Securities—
3.97
Agricultural
8%
7.38
Nation-Wide
Group Securities—
,
15.45
14.32
.
Corp
555
Chase
6.90
3.24
24~54
43c
_10
Co—
135
6.86
13.07
3.56
28c
Boston
525
14.37
Inc—_2
22.82
&
A First
100
1
Fundamental Trust Shares A__2
Corp
11.73
Corporations
ABlair
100
Fund_—1
2d
3~05
Capital
6.91
2.84
Fifth Avenue
Trust
Investors
2.60
General Investors Trust———-1
72.23
6.33
1
Commercial National
Invest Fund Incii—-;10
Investors
Mass
A—1
General
70.79
2%
10c
Mass
Mutual
>
12.96
1
27.80
Maryland Fund Inc
2.98
5.78
9%
Investment Banking
68.00
National Security Series—
Bond serics———^
*
*
Wellington Fund
First National of N Y
6.46
,
2.58
__10c
_10
Invest
64c
92c
66.64
National Investors Corp_
B
Shares" A-"—
Pwr
27.24
Mut Fundi™
1.56
Fundamental
fj
El Lt
B
4.70
Exchange—.—
Peoples National
Sayles Sec Fund—_ :.io
2.54
Shares
3.95
2.29
B_
7.33
S-4
1.29
Trust
10c
1
Par
12.75
10.88
2.18
Foundation
Sprinc
series
16.60
n: on
Bond Fund
57c
15.19
Industry Shares—__25c
New York Bank Stocks
11.64
—
—10c
Fixed Trust Shares A
B
16.03
7.27
....
series—„10c
stock
Union
10.99
♦
Selected Amer Shares
23.49
S-3—Li—i—___LL
(Colo)
Bank stock series
1
33c
Clark Fund
29.28
Manhattan Bond Fund Inc—
Inc—
Insurance
Class
Trusteed
U S
12.99
4.45
1
Trusteed Amer Bank Shs—
7.81
26.75
—
S-2__„
Loomis
15.61
Series 1956
Series 1958
1953
il'
K-2___
Loomis Sayles
1
1.77
Shares—
16.54
7.62
-1
Common
Fund
15.22
J10
B-3—
_
1
Oil
1.46
Series 1955.
Stand
1.03
Series
14.75
Howard—
&
94c
4.30
25c
D
B-2_
37
*
shares
Inc
Series
1
Eaton
69c
Series
—
13.64
Diversified Trustee Shares—
Dividend
10.18
62c
„
B-l_—_
Scries
3.20
1
—
9.28
-
Scries
—
1.76
14.61
C_
Series
26%
1.18
Ltd-
Custodian Funds-
Scries
22
*
Fund-
C—
'
Trustee
12.72
1.54
__
Insurance Group sharesInvestment Co of America-
———
—
1.08
11.83
Group, shares-—
Group shares
Series
100
preferred—
Cumulative Trust Shares
Delaware
Bank
Series
20
shares
B
Investors Fund
1.57
Aviation
Insurance—
Forster
&
ACommon
1.57
1
preferred
A8'f
Crum
Forster
&
1.64
common-—10
Series ACC mod—
ACrum
26
1
AA-mod—
24
...
Inc
c—
Securities
140
3.21
1
Accumulative series
Series
Institutional
135
2.95
1
AA—
Series
:
1
Trust Shares
Corporate
—1
Fund
.—5
Incorporated Investors
Independence Trust Shares-
-1
1
Trust
Consol Investment
_
Holding Corp
Foundation
Common
ctfs
10c
shares
100
~———
Commonwealth Invest
4.92
3.17
——
shares
AHuron
2.95
Century Shares Trust
*
Chemical Fund-——1
Inv Fund Ltd
—
____—I
sha res is LLLL——L
Tobacco
Income
Canadian
Trustee Stand Invest Shs—
6.39
No
18.32
1
Co Inc—
Ltd-—-
Fund
Bullock
6.18
3.02
No
RR
11.76
12c
2.74
3.86
Steel
10.74
-
11.12*
57.53
Investment
Railroad
4.53
shares
50c
10c
3.90
shares-
shares
——10.45
Corp„53.08
Super Corp of Amer AA
1
1.67
St
5.70
4.11
4%
3%
2.53
5
Industry Shares
Boston Fund Inc
8.53
Fund
Ask
5.01
5.17
3.53
3%
2%
5
10
5
preferred—
;-A5L
AState
Bid
4.50
5.80
-
3.50
Railroad
Basic
Standard Utilities Inc
5.60
5.61
Oils
Mining shares-
Merchandise
Bankers Nat Investing—
Spencer Trask
6.74
1
Metals
Petroleum
Aviation
4.48
5.15
7.75
.
Sovereign Investors
6.12
equipment
Insurance
Aeronautical Securities
Par
6.25
4.06
supplies
Chemical
Ask
Ask
5.67
stock
168
United
States
-100
_
—
82
-100
995
1035
Monday, May 25, 1942
THE COMMERCIAL & FINANCIAL CHRONICLE
2000
OVER-THE-COUNTER MARKETS
United States Treasury
Insurance Companies
Ask
—10
111%
115%
Home
10
Aetna Casual &
45%
47%
Home
Life
Aetna
American
American
'-'.
Cas
Co
of
American
'
•
Lincoln Fire—
66
New York.
of
Amsterdam
New
New Brunswick
New
Hampshire Fire
17
18%
New
York
23%
25%
North
28%
30%
Northeastern
%
1 •/,
.10
5
'
-2%
Fireman's
Fd
Firemen's
of
'-••'Franklin
River
Northern
41%
7%
Pacific
Fire
36%
Pacific
Indemnity
of
108%
113%
20
.10
_
San
Fr__....25
Newark...
—.5
...
5
Fire.
■
Phoenix
'General Reinsurance Corp
5
10
••Georgia Home
Vj Gibraltar Fire
2d
''
&
-10
(Paul)
Fire
18%
38
40
Rhode Island.—*_•_
20%
23%
St Paul
& Marine
Fire
"
4
223
16%.
1-7 %■
Seaboard Surety
10
33%
35%
Security New Haven—
7%
8%
Springfield Fire & Marine
10
25
6%
8
Standard Accident
10
39%
32
101 45%
62%
5
2%
<Great Amer Indemnity
9%
Stuyvesant
66%
10%
Life
Sun
100
180
100
Assurance
338
__5
22%
23%
Travelers
-10
11
12
U S
Fidelity & Guaranty Co__2
U S
Fire—
Guarantee
"
American.
—
£
Utili¬
trials
roads
ties
16
May
20
79%
13%
30 %
May
trials
Rails
92.18
53.68
105.99
Total
10
Rails
Utili¬
40
Bonds
ties
90.11
108.60
22
.
33.21
106.09
92.29
53.69
108.76
90.21
33.00
106.03
92.30
53.41
108.74
90.12
32.92
105.86
91.59
52.45
108.71
89.65
.
99.72
.
_
.
11.88
11.64
24.17
97.96
....
11.77
23.88
11.66
33.38
105.85
91.20
51.65
108.69
89.34
24.07
21
May
33.17
Grade
24.25
19
May
Stocks
Grade
24.17
18
May
10
Second
First
Indus¬
65
11.80
24.19
10
10
Total
15
Rail¬
Date—
36%
'
—BoMs—
'
-~
20
Indus¬
May
11.70
33.24
105.80
91.53
51.75
108.61
89.42
;
5%
21%
-
Transactions at the New York Curb Exchange
19%
5/231
41%
34
105
47%
3%
210
348
22%
23%
4
39%
10
64%
28%
41%
67%
29%
-
-
30
118
90
•
of representative stocks and bonds
compiled by Dow, Jones & Co.:
the New York Stock Exchange as
on
Stocks
75
20%
10
—2%
62%
(NY).
(Texas)
Republic
24%
15
2
& Rutgers Fire.!
V Halifax
Corp
Reinsurance
9%
8%
23% ;
:5
10
•.
—_
preferred
Great
76%
11%
28 %
4%
Providence-Washington
__15
*
Republic
5
10
2
Preferred Accident
893/4
~5
& Marine.'
Falls Fire
10
46
27%
41%
12%
20%
4%
34%
*—
44
86%
,
listed
5,
%%
%%
%.%
% %
%%
.—
Stock and Bond!Averages!
•
Below are the daily closing averages
133%
18
112
-86
25
—10
Co.*
:
;
7%
70%
25
National.
Northwestern
6%
38%
44%
6%
20%
54%
4
12.50
,.
34%
Revere-
^rGlobe
5
:—2.50
--5
5
Fidelity & Dep of Md..a.i.
—10
Fire
.10
Re-Insura,nce__.—10
Federal
Fire Assn of Phila
2
Fire*
20
Casualty—-.2
10
1734
'Excess
'Globe
Union
National
69%
502
25%
10
Fire
'•^'Employers
J'Glens
*—10
16%
Continental Casualty
'Eagle
1-10
National Liberty.—i
23%
_
_
Aug 12,
National Fire...-—•
.5
Connecticut General Life-
Aug
% Vo
National
63/4
■.
482
—
% %
Jun
...10
Fire
1942_.
1942
2 Va
53%
32%
5%
.25
16,
Jun
1%
48%
30%
-2%
July 29,
17,
1942—
1942
1942
1942
1942
July 15,
July 22,
Maryland Casualty
1
Mass Bonding & Insurance. 12 y2
Merchant Fire Assur com—__5
Merch & Mfrs Fire N Y
4
Casualty.—
% %
% %
% %
Ask
%%
1942—';—
% c/c
10
46%
1942
19,
1942_.
1942
3,
50%
40%
5%
18%
52%
6%
128'A
17
25%
39%
11%
xl8%
18,
Jun
1942
May 27,
10,
13%
Bid
Ask
Treasury bills—
Jun
7%
9
.25
30
Jun
20
Y
Bills
purchase
Jun
7%
3 4
4P/4
—.
27
!f.
67/8
2%
12%
.*100
•^—Camden
4
10
14%,.
60%
25
5
5
39%
Bankers & Shippers
4
8%
10
•;—Carolina
•>
Knickerbocker
—10
Boston
•'City
15%
-2%
Newark
Reserve
Baltimore American
v
*
14%
5
com.
Re-Insurance__
American
Surety
.^'Automobile.
0
Jersey Insurance of N
5%
^American
'
19%
.10
Home
.''"American
h
&
55
___
_
Equitable.
Fidel
Amer
24%
18%
.10
_
_
Alliance.
American
Fire Security.—-
Bid
%
26»/2
15%
61%
'/a
-10
—5
Homestead
Fire.
-10
Insur Co of North America—10
5
_
_
Agricultural
23%
52
Surety
Aetna
Rates quoted are for discount at
Ask
Bid
Par
Bid
Par
;
Daily, Weekly and Yearly
Stocks
Bonds (Par Value)
(Number
Week Ended
Foreign
of
-
Shares)
May 22, 1942
Government
Domestic
Foreign
Total
Corporate
$235,000
24,125
Saturday
Monday
$232,000
$3,000
32,395
373,000
$9,000
.10
20%
21%
.10
—
Fire-—-—
81%
84%
U S
45%
Westchester
10
./•Hartford Steam Boiler
42%
2.50
Fire
385,000
46.980
511,000
2,000
518,000
Wednesday.
58.910
438,000
29,000
1,000
468,000
Thursday
Friday
Hanover
Hartford
3,000
5,000
62,570
582,000
43,000
4,000
629,000
38,840
386,000
5,000
2,000
393,000
263,820
$2,522,000
$88,000
$18,000
$2,628,000
_
Tuesday
...
T
Total
—
...
...
Week Ended May 22
Obligations Of Governmental Agencies
.c*tl%%
r
1,1943
Feb 15,1945
May
*_
Federal
*
Home
2s
100.7
1%
100.2
V/o%
1,1942
1,1942
Feb
1,1943
Apr
1, 1943
_*
-July
■
29
Call Nov.
<Vv
0.63
0.73
U
0.63
0.75
0.85
101.4
101
S
100.6
$2,522,000
—
Foreign
government
88.000
108.000
1,728.000
850.000
corporate
18,000
56,000
419,000
1,147,000
15, 1944
Housing Authority—
notes
.Feb
1,1944
$2,628,000
$4,634,000
101
101.3
Apr
Issues
Total
_
108%
110
110%
1961
127
129
3s—,.1946
U S Conversion
3s
Daily, Weekly and Yearly
Stocks,
Number
of
Ask
Penn
Electric
99%
1962—
3%s,
1971
_
100 y8
102%
3%S, 1956
Treasury 2s, Sep 15, 1949-'51 w i
Wisconsin Pwr & Lgt 3%s, 1971
108%
1972
106%
Sales
$3,000
$2,720,900
25.300
5.147,300
842,000
36,000
618,000
16,500
7.003,500
744.000
18.350
8.536.850
558,500
103% 104%
100.16 100.18
103% 104%
Bond
Bonds
812,000
Thursday
"
'
7,774,500
~
6,453,100
329,460
Total
6,531,700
462,000
44,200
7,037,900
2,009,310
Friday
Southern Natural Gas Pipe Line
102 Va
Total
Government
$273,000
$2,444,900.
4,310,000.
377,140' .t 5,575,100
405,460"
6,372.000
-
Ask
Bonds
122,130
TuesdayBid
v
Foreign
Bonds
Wednesday—
Quotations For Recent Bond Issues
United States
Railroad
and Miscel.
216,620
Saturday
Monday
3s
$76,026,000 $112,119,000
Transactions at the New York Stock Exchange
108%
1947
—
Shares
Tobacco
10,034,977
7,479,440
$73,879,000 $110,122,000
Foreign
May 22, 1942
Cent 111 Pub Serv 3%s,
$4,470,000
100.13
Week Ended
Amer
••
100.2
101.3
Bid
<-
100.8
Panama Canal 3s
100.31
15, 1942
Domestic
'
■
392,280
263,820
_
_
>
1941
1942
100
Other
1942 at 101——
100.7
U S Conversion
l%s Jan. 3, 1944—
<i:!
100.5
1%%
*v.icMay 16,' 19,43*. *
16, 1942 at 100%
100.30 101.2
Call July 3,
shares.
Jan 1 to May 22
Bonds
1,1942
July 15, 1943
$1%
0.53
Federal Natl Mtge Assn—
•
of
1941
100.11
-Oct
$1%%
.Dec
j—Sep
$%s-
...
100.5
100
Loan Banks—
/ 4%s
Stocks—No.
Reconstruction Finance Corp—
Commodity Credit Corp—
iy
Ask
Bid
Ask
Bid
rfiY..■-
1942
$33,008,200
$3,751,000
$143,350
$36,902,550
Week Ended May 22
1942
Stocks—No.
of
2,009,310
shares
1941
Jan 1 to May 22
1942
1941
2,045,410
42,640,218
51,615,979
$293,000
3,811,000
$4,285,900
60,617,500
876,171,300
848.187,000
Bonds
U.
S.
Government
Foreign
Quotations For U. S. Treasury Notes
Railroad
Int. Rate
Sep
15.
1942.
Dec
15,
1942.
$Mar 15,
15,
1943.
Sep
15,
1943.
Dec
15,
1943
Mar 15,
1944.
Jun
1944.
15,
h) tl i
:
;
j'.iO'
-GGV/
t>.
:•
J..",''
9c
t:oir
Ask
%
100.18
100.28
100.30
100.5
100.8
1%%.
100.24
100.26
1
.
,
100.23
100.25
101.2
101.4
%%
.
.
.
%
1%%
1
Vc
%%
100.30 101
100.16
100.18
Int. Rate
Maturity—
100.20
1%%
1943.
Jun
;
2
Bid
Sep
15,
1945
Nat.
"
Bid
% %
100.8
99.21
15,
15,
1945..
99.21
1944
JDec
%%
99.23
99.8
99.10
Certificates of Indebtness—
tV2S Nov
1,
1942
-
$8,649,000
66.602,000
$31,171,000 $941,074,700 $923,438,000
a Odd lot sales,
b Ex-stock dividend,
c Admitted to unlisted trading privi¬
delivery,
e Formerly
the National Bond & Investment Co.
f A liquidating
was paid on the common stock of the Nabco Liquidating Co.
r Canadian
market,
s Cash
sale—not included
in range for year,
x Ex-dividend,
y Ex-rights,
z Listed,
tin default,
g On Feb.
26, 1942, the Northern Illinois Finance Corp. changed its name to the
Northern
Illinois
Corporation.
tThese bonds are subject to all Federal taxes.
AQuotations
*No
leges.
0.50
0.48
par
value,
d Deferred
dividend
Defense Notes—>
iSep
$36,902,550
27,067,000
101.9
100.5
99.19
1946—
$143,350.
3,751,000
33,008,200
industrial
Ask
101.6
1944
Mar 15,
JMar 15,
&
Total
Figures after decimal point represent one or more 32ds of a point
Maturity-
—
—
of $18
not furnished
a
share
by sponsor
or
issuer.
-
Volume 1SS
•
Number 4075
'
THE COMMERCIAL & FINANCIAL CHRONICLE
■
Week Ended May 16
Inc. or Dec.
THE COURSE OF BANK CLEARINGS
Bank clearings this week show an increase compared with a year ago.
Prelim¬
inary figures compiled by us, based upon telegraphic advices from the chief cities of
the country, indicate that for the week ended Saturday, May 23, clearings from all
cities of the United States from which it is possible to obtain weekly clearings will
be 11.8% above those for the corresponding week last year.
Our preliminary total
stands
at
$7,574,750,648 against $6,773,762,381 for the same week in 1941.
At this
an increase for the week ended Friday of 14.7%.
Our comparative
1942
$
Fifth Federal
West
Virginia—Huntington
Carolina—Charleston
Maryland—Baltimore
summary for the week follows:
1942
2,666,751,080
2,939,842,201
—
'
Chicago
Philadelphia
313,957,189
+ 11.1
450,000,000
415,000,000
+
Boston—_
266,041,307
+ 22.6
Kansas City
St. Louis
128,383,900
216,954,597
104,148,554
——
:
Macon—
8.4
123,000,000
101,400,000
+ 21.3
180,342,000
144,863,000
139,428,563
+ 24.5
17,053,769
94,321,763
81,113,971
+ 16.3
5,050,201,703
1,178,757,170
4,443,396,226
988,564,175
+ 13.7
Detroit—:
205,348,987
Cleveland
..
Baltimore
■<
—
Eleven cities, five days
Other cities, five days
*
-
Total all
69,115,892
Total
7.8
83,860,357
+
7.8
28,986,705
23,546,599
205,211,839
+10.5
v 161,652,778
134,200,541
+.1,6
;
6,349,978
27,519,986
+ 16.2
4,825,011
20,790,688
88,600,000
+
17.5
73,800,000
+ 35.4
1,398,365
1,111,633
19,258,000
24,211,793
2,398,795
159,794
43,616,666
1,729,505
1,561,884
23,510,000
+ 28.1
32,610,019
+ 22.0
*'•
5,431,960,401
1,341,801,980
+ 37.3
6,773,762,381
Grand
+11.8
0.3
687,962
4,513,029
2,452,666
2,834,409
2,996,129
32,361,000
where there
20.5%
a
was
At San Francisco
increase.
there
was
a
19.6%
cleared; Atlanta followed with an improvement of 17.6%. Cleve¬
a rise of 16.8%, Kansas City of 15.9% and Boston of 14.7%.
St.
13.5%, Philadelphia of 12.7% and Minneapolis of 12.4%.
Dallas and Richmond had the lowest increases in the country with 11.3% and 10.5%
respectively.
an
In the
we
furnish
a summary
+ 43.2
122,315,900
91,398,493
1.1
+ 18.7
3,683,909
1,971,845
2,755,945
1,481,089
5.7
2,118,536
1,207,357
17,110,000
—
+
7,009,583
+
11.7
22,520,000
2,818,202
5,926,966
26,759,738
1,525,499
10,545,446
+
8.2
27,007,560
+
3.4
4,336,632
+ 12.9
4,286,531
560,347
479,811
412,473,292
1,345,498
+ 16.8
423,256
351,040
394,522,431
1,134,271
301,384,7471
5.9
4.6
4,446,457
1,577,575
1,425,022
4,743,184
:
4,969,370
1,986,552
2,119,472
1,781,387
Springfield
(18 cities).
838^006,594
1,318,711
+
—
10,065,446
P
+
6.7
9.4
1,454,134
+ 20.5
Inc.
Week Ended May 16
1942
12
Boston
York
New
_
4th
5th
—
Richmond
Atlanta
7th
Louis
142,000,000
57,171,428
33,349,559
732,000
._
Total
(4 cities).
Ninth
Federal
Reserve
205,473,271
+ 16.3
103,200,000
90,200,0001
7.7
40,179,007
37,346,466
+12.5
22,339,602
18,355,098
+ 12.3
612,000
469,000
+ 13.5
166,330,609
146,370,564
+
3,769,116
3,389,867
+ 11.2
101,110,352
37,566,907
2,712,992
1,175,260
89,581,562
+ 12.9
32,936,729
2,821,612
+ 14.1
3,282,198
87,643,127
29,825,732
26,124,623
3.8
2,430,774
2,304,364
933.102
+ 26.0
879,581
922,923
1,035,72,6
—10.9
895,581
685,665
3,506,100
3,389,727
3.4
2,772,300
2,799,933
150,763,650
134,088,325
+12.4
127,729,293
104,613,848
^
Minneapolis—
Paul
North
Dakota—Fargo
South
Dakota—Aberdeen
9th
—
+
12th San
Total
Outside
443,190,686
tf-tlO.8
344,525,629
279;587,044
205,211,839
T10.5
161,652,778
134,200,541
282,918,673
240,516,458
+ 17.6
191,570,745
169,046,319
695,205,387
+ 20.5
608,032,138
464,731,080
205,473,271
+ 13.5
166,330,609
127,729,293
146,370,564
150,763,650
134,088,325
+ 12.4
201,691,605
101,681,251
174,057,904
91,393,038
+
15.9
+
11.3
85,407,303
369,886,788
309,272,974
+ 19.6
271,678,825
7,810,639,173
6,759,589,546
+ 15.5
6,303,578,511
3,493,301,008
+ 15.3
2,966,051,673
2,490,724,797
362,305,516
431,689,868
—16.1
436,368,359
City—
District—Kansas
•
140,094
Wichita-
._
98,876
89,321
—18.6
2.8
137,259
3,359,821
2,876,742
37,408,208
2,297,163
+ 18.6
32,657,840
30,637,840
4,360,866
.
City
Joseph
Colorado—Colorado Springs
Pueblo
(10 cities)
201,691,605
Federal
Reserve
cities
32
We
add
now
Texas—Austin
Clearings at—
1941
1942
1940
%
$
1939
$
593,637
581,385
648,518
580,511
174,057,904
+15.9
154,367,353
137,127,705
2,219,033
2,135,000
1,214,181
3,398,646
101,681,251
91,393,038
First Federal Reserve District—Boston—
Maine—Bangor
Portland
569,906
277,859,290
+ 15.8
1,314,809
1,897,491
209,565,894
631,501
Rhode Island—Providence—
583,123
855,033
District
3,898,145
2,764,702
1.0
3,358,532
15,996,058
5,415,592
14,964,600
615,464
+ 15.3
Utah—Salt Lake City
3,145,799
+
+
9.2
2,417,594
—
2.8
11,467,583
+ 14.2
4,551,870
12,885,000
609,447
+ 14.9
California—Long Beach
Pasadena
San Francisco
San
Jose
Santa Barbara
1,741,055
11,601,450
-San
Stockton
+
7.1
1,882,808
1,557,281
+
8.4
56,827,109
+ 53.9
68,757,000
7,267,080
2,376,000
1,215,181
3,909,234
+11.3
85,407,303
72,633,781
+ 25.8
—
—
1.7
7.2
7,294,352
2,734,000
; 900,533
3,300,506
Francisco—
71,709,771
1,250,782
53,240,643
22,272,273
5,597,585
4,105,342
203,806,000
3,723,486
1,351,335
2,289,576
Oregon—Portland
626,531
753,713
6,186,860
17,187,400
:
Haven—
+ 20.8
T 6.2
15,550,504
Connecticut—Hartford
496,820
1,058,936
3,938,247
3,017,864
Worcester
—31.4
236,593,223
665,803
600,111
Springfield
Reserve
Yakima
398,679
1,960,609
901.827
Bedford
New
1.2
+ 73.5
+
1,124,386
Fall River
^Lowell—
New
669,990
2,383,537
321,630,230
Massachusetts—Boston
(6 cities)
Washington—Seattle
677,733
4,134,622
-
Falls
Federal
■1,901,752
—10.9
2,099,000
1,126,808
5,231,129
Twelfth
94,255,410
3,341,919
+ 106.7
8,407,542
$
108,415,835
3,218,782
695,088
2,072,597
74,165,072
Total
2,730,914
+ 15.9
838,417
10,580,281
Louisiana—Shreveport.
Week Ended May 16
Inc. or Dec.
2,194,184
3,062,601
+ 14.8
80,425,000
Worth
Wichita
8.9
+ 12.3
—
3,551,681
Fort
detailed statement showing the figures for each city for the
our
131,905
District—Dallas-
Galveston
the week ended May 16 for four years:
—
3,883,342
121,668,421
140,990,017
4,076,025
1,436,822
747,048
St.
Eleventh
+ 39.3
222,409
3,392,583
2,093,844
——
Missouri—Kansas
Total
100,592
181,107
3,297,208
44,368,574
——<
Dallas
Canada
985,109
City-
-
Hastings
Lincoln
Kansas—Topeka
403,913,553
44
10
104,613,848
154,367,353
,
Reserve
Omaha—
5,500,417,875
4,027,755,694
44
.;
137,127,705
72,633,781
238,665,959
it
112 cities
York
400,276,158
Federal
Nebraska—Fremont
3,108,288,665
450,455,391
a
6
New
244,876,211
3,465,310,724
838,006,594
7
—
276,517,723
+ 15.0
+ 12.7
233,252,987
10
Francisco—
+ 14.7
519,171,239
44
4
Minneapolis
City
327,437,943
3,414,570,482
44
18
11th Dallas
Tenth
S
226,764,082
n
41
(7 cities).
3,188,598
68,525,496
1939
$
584,959,142
517,536,545
a
6
10th Kansas
1940
375,470,789
?
10
St. Louis
Dec.
H
District—Minneapolis-
Minnesota—Duluth
St.
122,100,000
53,084,233
29,637,038
652,000
233,252,987
Kentucky—Louisville
Tennessee—Memphis
Illinois—Quincy
Helena—.
3,927,707,067
.
7
Chicago
8th
or
%
1,238,419
464,7^1,080;
f
Total
$
3,829,287
1,172,642
"
■
<(
10
Cleveland
6th
cities
12
-
Philadelphia
1941
$
1,026,922
608,032,138
SUMMARY OF BANK CLEARINGS
Federal Reserve Districts
8,798,335
4,062,643
;
1,521,930
+'
1,628,899
695,205,387
1,349,943
•
+ 38.4
+ 13.1
1,831,469
4,875,269
20,488,533
Eighth Federal Reserve District- -St. Louis—
Missouri—St.
Montana—Billings
by Federal Reserve Districts:
358,949
9.3
466,356,262
Rockford—
increase of
following
496,053
3.4
Peoria
gain in
next with
y
+ 41.7
4,894,947
Moines
Chicago
volume of checks
Louis had
169,046,319
+
Decatur..
$6,759,589,546 in the same week in 1941.
Outside of this city there was an increase
of 15.3%, the bank clearings at this centre having recorded an increase of 15.8%.
We group the cities according to the Federal Reserve Districts in which they are
located, and from this it appears that the New York District (including this city)
recorded an increase of 15.0%.
The best gain was had in the Chicago District,
191,570,745
14,593,197
Haute
Total
114,123
+
Illinois—Bloomington
statement, however, which we present further below
give the final and complete results for the week previous — the
week ended May 16.
For that week there was an increase of 15.5%, the aggre¬
gate of clearings for the whole country having amounted to $7,810,639,173 against
2,058,654
37,528,476
29,595,000
3,019,297
3,122,371
7,829,742
28,944,758
Sioux City
able to
"
+17.6
179,245,120
4,462,250
Wisconsin—Milwaukee
Iowa—Cedar Rapids
In the elaborate detailed
6.8
+
485,546
256,640,456
Bend
Des
5.8
—
District—Chicago—
.—
Terre
available at time of going
Accordingly, in the above the last day of the week in all cases has to be
was
Reserve
Rapids—
South
estimated.
1st
839,912
18,954,000
21,386,018
rj
Indiana—Fort Wayne
Indianapolis
Week ends Saturday and the Saturday figures are not
3d
3,905,538
19,243,077
64,000,0001
1,016,521'
o
2,910,533
Detroit
+ 58.0
240,516,458
Lansing-:
Complete and exact details for the week covered by the foregoing will appear
in our issue of next week.
We cannot furnish them today, in as much as the
to press.
?•; 148,990
55,769,014
282,918,673
(10 cities).
Federal
2,717.082
140.344
59,558,307
Michigan—Ann Arbor
+14.7
+
4,293,213
Seventh
+19.2
7,574,750,648
Total all cities for week
2d
2,578,000
+
Mississippi—Vicksburg
+ 32.9
6,228,958,873
1,345,791,775
cities, five days
All cities, one day
land
—t—
Louisiana—New Orleans
+ 22.0
~
are
1,173,356?
+ 47.0
159,498,418
139,737,134
120,042,138
37,408,994
1,480,592
39,215,291
Mobile
;
2,914,000
43,814,117
9.0
+ 18.2
—
109,817,193
6,453,385
31,979,220
104,100,000
2,342,069
*2,000,000
32,281,278
39,770,857
Alabama—Birmingham
Francisco *««««———l-.—
+ 24.3
4,550,000
377,700?
District—Atlanta—
Florida—Jacksonville
+ 23.3
Pittsburgh-—.
San
we
Reserve
Georgia—Atlanta
Augusta
+ 10.2
348.7J1.358
—;
]
597,007
226,764,082
-
Nashville
$
New York
Federal
$
118,388,119
42,269,124
—_
Columbia—Washington—
Tennessee—Knoxville
1941
J
1939
$
+ 20.5
48,582,164
2,185,547
1,987,977
(6 cities)
Sixth
Clearings—Returns by Telegraph
1940
-£:'3
'
861,644
5,655,000
57,425,436
Richmond
Total
Ending May 23
1,038,426
South
District of
%
$
Reserve District—Richmond—
Virginia—Norfolk
center there is
Week
1941
55,141,778
1,314,826
47,373,328
19,258,331
5,222,547
4,098,264
169,105,000
3,353,816
1,533,412
2,871,672
'
+ 30.0
43,475,103
1,255,613
34,951,705
4.9
+12.4
38,092,649
31,581,111
+ 15.6
17,439,611
18,527,573
—
976,984
7.2
4,161,321
4,339,195
0.2
+ 20.5
3,480,472
157,098,000
138,496,000
11.0
2,618,078
2,536,227
+
+
+
3,503,262
—11.9
1,403,488
1,443,301
1.5
2,654,490
2,310,601
—
4,175,229
Total
(10 cities)
Hampshire—Manchester
Total
(12
Second
521,005
cities)—,
.
Federal Reserve
327,437,943
York—Albany
Bingliamton
276,517,723
244,876,211
6,943,072
Elmira
—
Jamestown
23,283,044
—70.2
12,800,663
271,678,825
238,665,959
6,759,589,546
+15.5
Outside
York
5,500,417,875
4,027,755,694
3,493,301,008
+15.3
6,303,578,511
2,966,051,673
New
2,490,724,797
+ 31.2
+ 21.8
1,613,393
38,000,000
33,300,000
932,777
+ 36.0
1,338,939
—28.8
York..
3,266,288,538
10,130,749
5,751,212
5,550.830
+ 15.8
1,268,906
r
3,782,883,479
Rochester
10,335,593 \
5,651,661
5,421,017
...
Connecticut—Stamford.
New
572,843
709,555
23,574,185
24,034,682
31,687,639
—
Week Ended May 14
Inc. or Dec.
5,842,521
1,445,366
46,400,000
952,944^
Jersey—Montclair
PI Newark—
+19.6
7,810,639,173
587,769
1,895,728
56,500,000
Buffalo———
Syracuse
+ 14.7
309,272,974
(112 cities)
9,751,100
District- ■New York—
New
New
375,470,789
369,886,788
Grand Total
New
28,694,790
&
1,469.271
696,334
1.9
1,102,545
3,337,526,838
9,860,250
5,318,435
2.3
5,030,486
—26.5
•;
690,056
+
—
—
2.2
1942
Canada-
556,686
718,854
3,009,693,078
7,604,026
3,878,548
4,410,117
651,022
16,814,601
$
Toronto
121,692,316
Montreal
_P
Winnipeg
Vancouver
— _
Quebec
—
99,215,118
42,345,824
21,048,654
121,798,453
3,917,121
1941
%
$
107,964,264
106,329,094
1940
1939
$
;
*
125,169,237
171,421,780
6.7
100,893,997
109,958,517
53,622,643
—21.0
109,013,214
40,478,255
—
14,661,573
+ 43.6
15,439,170
17,204,193
93,654,621
+30.1
36,137,514
21,095,186
4,898,865
—20.0
5,235,769
,
Total
(12 cities).
Third
Federal
3,927,707,067
3,414,570,482
1.9
21,371,131
+10.4
31,300,593
3,270,190
+15.0
23,349,941
3,465,310,724
3,108,288,665
Halifax
3,705,751
3,171,809
+ 16.8
3,098,745
2,667,709
Hamilton
7,244,862
6,522,310
+ 11.1
5,602,924
4,893,876
Calgary
...
Northern New Jersey—
—
6,018,042
6,122,192
1.7
5,300,786
4,482,069.
St.
2,654,663
2,313,858
2,198,526
John
2,327,511
—
+ 14.1
Victoria
Reserve
Pennsylvania—Altoona.
.v
457.547
Bethlehem
1,805,232
1,706,729
+
5.8
1,754,582
London
2,940,543
2,458,129
+ 19.6
2,874,878
350,152
Edmonton
2,064,735
5,089,721
+ 19.2
4,196,445
—33.7
4,221,210
District—Philadelphia—
580,714
—21.2
533,516
l,736,204i
3,101,178
•
4,129,121
616,454
—31.7
439,480
Regina
3,901,007
5,879,980
513.782
606,388
—15.3
409,170
301,405
Brandon
371,943
353,810
+
5.1
288,267
1,763,461
568,000,000
1,619,756
8.9
627,472
600,644
+
4.5
453,237
431,219
+ 12.9
1,158,713
387,000.000
Lethbridge
503,000,000
1,697,856
1,442,807
+ 17.7
1,417,575
.1,291,034
Reading
—34.5
1,464,022
436,000,000
1,874,886
3.8
3,869,863
2,743,003
6.5
1,116,661
937,632
9.5
1,133,392
4,747,300
Philadelphia
421,054
.
Chester—
.
Lancaster
...
...
-
_
+
1,437,922
2,196,403
Scranton
3,023,393
2,911,515
+
Wilkes-Barre—
1,216,048
1,301,024
—
York
1,803,535
1,992,685
—
485,447
1,465,081
6,322,4*00
.
4,346,300
+ 45.5
584,959,142
New Jersey—Trenton
1,503,026
3,198,800
519,171,239
+12.7
450,455,391
400,276,158
2.8
2,249,787
1,965,081
Moose
Jaw
Brantford
Fort
(10 cities)
Federal
Reserve
District—Cleveland—
3,423,722
96,157,790
Cleveland
192,812,908
167,258,621
Columbus
16,099,200
14,581,000
2,477,544
3,942,280
202,623,101
2,570,488
Cincinnati
Mansfield
Youngstown.
Pennsylvania—Pittsburgh
4,071,807
169,831,351
—
+ 18.2
72,293,953
58,104,514
+ 15.3
117,508,545
96,702,013
+ 10.4
12,174,800
1,861,159
1,837,929
—
3.6
9,901,600
3.2
2,797,029
2,427,423
+ 19.3
135,640,356
(7 cities).
517,536,545
443,190,686
720,012
913,609
907,909
8.2
623,639
598,041
0.2
698,589
582,627
—
267,305
+ 10.6
220,474
203,217
685,646
+ 16.2
585,162
597,456
867,561
+ 34.6
977,350
638,098?
1,401,898
1,392,269
3,448,250
_
1,187,541
3,131,015
2,887,823
421,172
+ 22.6
384,471
318,877
810,029
+ 15.5
743,805
725,346
756,354
685,450
+ 10.3
671,986
593,006
640,715
685,157
497,515
482,523
1,163,400
Chatham
Sudbury
_
1,275.935
—10 8
935,204
Kingston
0.7
3,865,710
516,510
Moncton
1,169,328
362,305,516
431,689,868
+
6.5
592,054
543,970
3.1
432,113
493,086
0.5
1,130,804
953,916
—16.1
436,368,359
403,913,553
—
+
108,648,484
—
Total
Total
575,945
+ 11.3
—
796,486
Prince Albert
Sarnia
7.1
313,586
1,167,724
_
Windsor
3,522,658
81,354,761
829,240
+
3,489,885
295,586
_
Sherbrooke
Kitchener
Fourth
Ohio—Canton
992,175
827,249
Medicine Hat
639,363
1,090,238
911,087
New Westminster
PeterboroughTotal
684,532
1,213,414
_
William
+16.8
.
344,525,629
.
,279,587,044
(32 cities)
•Estimated.
!
+ 12.7
—
THE COMMERCIAL & FINANCIAL CHRONICLE
2002
General
RAILROAD
Corporation and Investment News
PUBLIC UTILITY
-
The
construction
Sending Case Before Privy Council—
"confused
situation
difficult"
and
American
for
the case of the
to the Privy Council
7 in handing down
regarding
company is one reason why the case should go
for final decision, Justice Masten declared May
his bwn judgment on the case.
His Lordship had reserved the
INDUSTRIAL
-
to
addition
In
Abitibi Power & Paper Co., Ltd.—Justice Masten Ap¬
proves
Monday, May 25, 1942
barge
war
production,
operations
republics.
under
Of
the
American
20
said.—V.
74,
having
153.
p.
States
high
Bridge
and
scheduled
requirements
program
announcement
the
in
way
company's
INSURANCE
-
in
Co.
two
production,
priority
has
right to write his own judgment on
when he concurred in a majority judgment which
granted permission to appeal the case to the Privy Council in London.
The appeal, launched by R.
S. McPherson, liquidator of the com¬
pany, is against an Ontario Court of Appeal judgment which upholds
an earlier judgment of Mr.
Justice Middleton.
His Lordship decided
the Abitibi Moratorium Act is invalid and directed sale of the assets
of the company to satisfy a bond mortgage foreclosed in 1932.
In agreeing with the majority judgment, Mr. Justice Masten de¬
clared: "The whole situation has become not only most confused and
The
the Abitibi question
payable
dividend
a
15
to
with $2 per share paid
compares
June
declared
have
stock,
on
Sept.
16,
June
15 and Dec.
American
15,
Encaustic
of
holders
March
1941.—V.
$1.50
of
ratings,
share
per
record
Subs.
the
Total
16, last, and
155,
March
on
14,
difficult,
interests
are
Total
the junior security holders and to the public,
tion to see that the contractual obligations held
•After
but also the obliga¬
at
eral
excess
any
The directors
the ordinary and pref.
June 2.
Dec.
on
1941.
tax
taxable
No
because
is
not
share
A similar distribution was made
1.
Alleghany Corp..—Earnings—
of
wholly owned subsidiary,
(Includes
.
Terminal Shares, Inc.)
1942
1941
$1,341,954 $1,118,303
Quarter Ended March 31—
'
on securities pledged as collateral—
Net int. accruals on securs. pledged as collat.
.
•Dividends
•(•Interest
$1,343,241
cents
per
ordinary expenses
Extraordinary
expenses
_
1942
2,764,386
1,064,234
12,807
for
Provision
:
depreciation
136,168
Net
been
receivable in cash,
taxes
$276,990
$67,621
which have been impounded or col¬
tPledged under purchase money
trustees.
by
provision for
before
income
^Received or
lected
may be impounded by trustees as
or
Gains
from
Net
debt, which has
Consolidated
received.
Assets—Vessels
Transactions, Quarter Ended Mar.
Excess of principal amount of bonds of corporation, $325,000, over cost of such bonds purchased and cancelled,
less unamortized discount and expense applicable thereto
Security
1942
31,
(less
$334,034
Balance
income
above—:
as
276,990
.
ferred
uncompleted
items
income
$308,471
—
Provision for Fed.
taxes
income
on
(no excess profits
tax)
of
26,000
the
Investments in stocks of other com¬
unexpired insurance and other de¬
excess
disbursements over receipts on
income
for
period
Less
gain on purchase and cancellation
carried separately to earned deficit
cated
Balance of income
—V.
and gains,
of
cost,
bonds,
own
31,481
carried to earned deficit—
$433,375;
mixed
claims
receivable
awards
to
collateral under lease agreement), $50,000;
insurance fund, $1,150,000; cash in banks and on
as
$250,990
155, p. 1825.
U. S.
Co. — Stock Offered—Spencer
after the close of business on May
shares of common stock (no par)
of 23 net. ( Dealers' discount 600.—
fixed
a
price
Investment
American
Co. of Illinois—Secondary
shares of 5% cumulative convertible preferred
stock (par $50) at a fixed price of 38 net. Dealers' dis¬
count $1.—V. 155, p. 1913. 1
directors on May 20
declared a dividend of $1 per share
on
the
American Laundry Machine Co.—Extra Dividend—
The directors have
and
12, $3.
quarterly dividend of 1V*% on
pref. stock, payable July 1 to holders of record June 15.—V. 155,
1669.
declared
the usual quarterly
ing
Customer
Period Ended Feb. 28—
*92,121
1172,487
Subsidiaries—
Operating
Operat.
share
per
on
the common
2 and Sept.
June
1,
shares
Net
Net
other
•Pfd.
and fitting-out.
plants in the
$8,500,000.
The
President,
awarded
on
tion
enabled
A.
all-welded
all
length
10,833,196
is
for
the
construction
24,545
6,379
9,407,774
10,205,910
35,341,854
of
!
15,778,541
15,753,283
.
(less
1,784,536
2,530,907
reserve)—
13,905
7,502
2,794,526
2,381,759
2,722,210
1
(net)—
—
2,732,925
3,957,624
5,450,150
—
to
3,908,672
6,297,238
19,563,313
feet,
1,000
width
net
of
tons
26
feet
requiring 9,120 tons of fabricated steel. ;
capacitly,
.•
and
•
a
each with
draft of 11
•
3,657,215
9,468
7,171,741
7,171,742
payable
Accounts payable
Accrued
payrolls,
Accrued
54,621
$8,226,679
$8,563,127
j
—
$100,000
242,912
162,174
;
...
taxes
etc.———:—'
commissions,
,
contingencies
(221,062 shares
Capital
surplus
...
surplus
no
—
Total
„—
——
stock
Earned
—V.
$100,000
273,535
136,719
559,498
income
for
'
par)—'—
:
—
;
262,617
1,316,875
liabilities
Long-term
1,550,000
29,41150,000
3,778,615 *
758,734
1,564,908
3,778,615
758,734
1,340,962
$8,226,679
$8,563,127
——
25,497
155, p. 911.
American Stores Co.—April Sales—
Period End.
Sales
1942—Month—1941
April 30—
The
"...
1670.
Mos.—1941'
'■
declared
an
^' L.
&
equity
of
Amer.
12,391,572
16,254
15,019,598
.41,857.
Lt.
of
j
in
Co.
subs._
t
■
■
as
■
54,399
•
3,647,747
4,488,048
12,349,715
extra
dividend
of 50 cents per share
of 25 cents per share on
both payable June 15 to holders bf
record June 1.
In preceding quarters only the regular quarterly of
25 cents was paid.—V. 154, p. 1628.
in
addition
the usual
to
stock,
capital
It
the
is
no
quarterly dividend
par
steel
Steel
Steel'&
that
announced
&
value,
Co.:
Wire Co.—Resignation—
A.
F.
Allen,
one
of
the veteran executives in
retiring as Secretary-Treasurer of the
industry, is
Wire
American
,
More Production Records Broken—
.
in an all-out production drive
American Steel & Wire Co. broke 81 more
production records during the month of April.
Their records were on
top of 68 records broken in March and made a total of 252 new high
marks established • in the. first four months of 1942.
?
Last year the company's plants set a total of 837 new production
records, including 160 new yearly records.—V. 155, p. 1914.
,
Continuing their record-breaking pace
plants of the
victory,
14,965,199
3,647,747
4,488,048
12,349,715
14,656
above—
15,066
65,196
14,965,199
70,543
4,503,114
12,414,911
.
American
income
3,662,403
;
—
expenses
&
taxes
Balance
Interest
201,922
deducts.—
773,123
15,035,742
678,058
4,301,192
11,641,788
2,828,039
directors
The
$2 25
2,833,258
per
holders
share
;
701,484
•Full
dividend requirements
3,594,674
8,813,689
11,524,426
applicable to respective periods whether
earned
or unearned.
y
y.
Nate—The net equity of company in income of subsidiaries includes
interest and preferred dividends paid or earned on securities held, plus
the
proportion
American
of
Power
earnings
&
Light,
which
less
dividual subsidiaries have resulted
feet,
,
—V. 155, p. 1914.
accrued
losses
in
to
where
common
income
stocks
accounts
held
by
of Jn-
deficit for the respective periow?.
:.'H
of
.
&
Telegraph Co.
.
—
,
Declares
%
quarterly dividend of
July 15 to
of $9 per
made regularly since and including 1922.-
on
May
20
declared "the usual
share on the capital stock, par $100, payable
record June 15. Dividends, at the annual rate
been
have
Block of Bonds
A
Privately Placed Reach Market—
in 1970, was offered on the
Hutzler. This apparently is
public appearance of any of these bonds, of which $140,000,000
sold in 1940 to a group of 15 life insurance companies.—V. 155,
of
block
market
2,774,111
Telephone
Regular Dividend—
14,357,684
706,518
186,808
3,475,595
etc.
•
Corp.—Extra Dividend—
Sumatra Tobacco
directors have
1942—4
$19,657,143 $13,850,167 $68,882,195 $47,126,275
—————
155, p;
American
for
4,504,302
....
'
over¬
; -y (
i
Liabilities-
22,191,340
1,792,936
1,792,9^15
public—
equity
Total
announced on May 19. This produc¬
to complete in record time an order for 60
of
—Li.
113,453
and
applicable
to
minority interests—
Total
a subsidiary of the United States Steel Corp.four barges per week, for the past 13 weeks, is
by the Marine Department of the American Bridge
barges
175
receivable
80,380
Notes
37,944,6)23
deductions
divs.
Other
of
be wholly owned by
the company
coal
1941
$1,189,530
75,806
insurance——
37,831,170
net-
35,201,324
140,530
public
income
Paddock, President,
L.
11,406,677
10,199,531
Balance, surplus—
company
earnings of
$371,576
i
value—life
assets
Total
Amer. Pwr & Lt. Co.—
launching of
Co.,
2,911,469
9,383,229
Portion
Net
hulls, with
facilities such as office buildings, shops, warehouses
docks, is being built adjacent to one of the company's
Pittsburgh industrial area, at an estimated cost of
the record claimed
that the
purpose,
the entire year 1942 at the same rate
31, 1942.
Heavy increases in income
^
possible date.
This
to
Pwr.
the Navy and operated
by American Bridge Co. under lease.
Construction of the new plant
will be carried out at top speed to assure full operation at the earliest
The
for such
Mar.
49,622
Other
the
.
May 16 announced that the U. S. Navy
a contract for the construc¬
plant
facilities will
new
10,080,617
Balance
*
this company
fabricating
complementary
13,686,987
2,420,735
41,972,777
8,447,629
9,968,346
4
number of special purpose craft.
modern
2,951,034
2,335,166
income
Balance
American Bridge Co.—To Build Large Plant—
A
46,122,306
3,009,620
int.
Net
a
10,816,053
taxes
income,
Gross
The Bosch action, Mr. Crowley added, implies no criticism of the
present management or directorate of the corporation, which has made
an excellent record in the war effort.—V. 155, p. 1401.
L. A. Paddock,
computed
ior
——
American
was
property custodian.
Department has
taxes.
The amount reserved
on the basis of 1941 tax rates
1942
assets
29,298,822 116,497,911 109,053,118
revenues-
oper.
Other
of American Bosch,
corporation,
corporation in war prqduction, because of its former German ownership
and because of its dependence upon patents which Robert Bosch Co.
of Germany controls throughout the world, it is in the public interest
to take stock control of the corporation in the name of the alien
tion of
ended
accounts
Fixed
—v.
12,479,238
4,355,407
reserve
representing 77.24% of the
deposited with the City Bank
Farmers Trust Co., as agent for a voting trustee.
Mr. Crowley explained that, because of the important role of the
the
direct
$
$
Prop, retire, and deplet.
Control of this corporation, manufacturer of automobile and aviation
magnetos, was acquired on May 20 by Leo T. Crowley, alien property
custodian, under a series of vesting orders, it was announced.
in
$0.74
profits
.
Inventories
excl.
taxes
Federal
$
31,562,660
revenues
Direct
1942—12 Mos.—1941
1942—3 Mos.—1941
$
expenses,
taxes
direct
Other
stock
$163,522
$0.47
made
will continue
quarter
—
$103,499
receivables
Other
■
American Power & Light Co. (& Subs.)—Earnings—
1941
$336,889
American Bosch Corp.—Government Acquires Control
535,000
assumption,
18,624
90,000
50,000
excess
been
*
*175,000'
share—
for
has
27,949
18,258
taxes
!
surrender
Common
extra dividend of 50 cents per share
an
dividend of 20 cents
extras were disbursed:
March 3, 10 cents;
each, and Dec. 1, $1.—V. 155, p. 1401.
1942
Earnings per common share
$0.31
$0.57
•After provision for Federal income
and excess profits taxes of
$307,560.
tAfter revised provision for Federal taxes applicable to that
period.—V. 155, p. 1670.
The
$272,146
80 cents
$399,681
profit after taxes
voting
income
;
Cash
American Barge Line Co.—EarningsQuarter Ended Mar. 31—
Net income before Federal taxes
Net
$244,197
Comparative Consolidated Balance Sheet, Mar. 31
stock, both payable June 1 to holders of record May 20.
An extra of
80 cents was paid on March 3, this year, while during 1941 the follow¬
directors also declared the usual
the
p.
$313,585
33,172
payable and sundry charges-.
Federal
$.1.07,000
Assets—
Reserve
stock, payable June 12 to holders of record May 28.
A similar
was made on this issue on March
21, last.
Payments in
were as follows:
March 21, June 10 and Sept. 10, $1 each; and
distribution
The
366 398
53,057
53,169
$346,757
Cash
Deferred
common
1941
the
1,552,045
rates for
the year 1942 are under consideration by Congress.
J(A reserve has accordingly been created of $50,000 to provide for this
and other contingencies.
Of¬
2,000
Aluminum Co. of America—$1 Common Dividend—
Dec.
1941
$2,215,697
355,113
profit
taxes
the
$2,-
fering—Kidder, Peabody & Co., and Alex Brown & Sons,
after the close of business May 20 offered a block of
V. 155, p. 1825, 1913.
The
1942
2,415,742,
'/.tax
accounts
155, p. 1007.
pre¬
Mfg.
Trask & Co., offered
15 a block of 33,100
at
hand,
$1.79
rates
on
$3,137,610
contingencies——.
company
in
as
Government
$10,647,597;
150,000; earned surplus, $6,984,484; total, $20,383,570.—V.
Allis-Chalmers
(less
$4,967,467
1827.
allowances
and
income
on
the
assets allo¬
obligations (direct or fully guaranteed) at
receivable, including disaster and other
claims recoverable, $2,829,551; supplies, $70,282; total; $20,383,570.
<
Liabilities—Capital
stock
($10 par),
$5,000,000;
treasury
stock,
Dr$691,000; accounts payable, $1,178,685; reserve for estimated Federal
income and excess profits taxes, $5,967,382; reserve for cargo claims,
$94,019;; reserve for contingencies, $700,000; reserve for insurance, $1,-
$282,471
—
voyages,
S.
for
for
Federal
and
$489,990;
$514,110;
based
are
155, p.
income-
•Including
$2,205,411), $1; U. S. Treasury bonds (deposited with Treasurer
U.
658,991;
Net
(net),
804,486
,
$1.94
period
—
Earnings per common
for
$161,287;
at or below cost,
reserve,
Total
Net
$1,255,247;
equipment,
steamer
panies,
current
—
income
Reserve
31, 1942
March
of
$31,481
for
returns
Interest on notes
(less reserve for depreciation, $407,430), $123,139: inventory
•
Net
Sheet,
less
operating
Total
$598,518
shore plant
5,771,953
804,486
$5,371,612-
taxes
sales
Provision
for depreciation, $12,466,933),
reserve
Net
971,000
profit for the period
$1,030,620
6,176,098
balance
income
sales,
Other
profits
excess
1,547,152
516,532
$1,329,602
■
stock
Selling and administrative expenses—for depreciation
144,916
1,560,000
and
taxes
•••■••''
••
604,456
;—
Provision
$1,714,435
.
Provision for Federal income
.'
taxes—
by the Revenue Act of 1941.—V.
of
Cost
65,488
$2,030,202
—
'
American Seating Co.—Earnings—
$1,648,947
192,764
income
,
■'
Three Months Ended Mar. 31—
Gross
4,126,077
$1,837,438
.
$4,741,333
and other sources—1,934,058
preferred
on
Federal
$5,775,024
credits
Total
(exclusive of
susldiaries):
and
expenses
scribed
1941
$4,601,823
revenue
2,659
$4,846,496
Earnings per share of common stock—
15
(& Subs.)—Earns.
Operating income
Other
$1,144,663
1,037,155
29,096
income
Total
Total
1,287
subsidiaries—
June 30,
on
Operating expenses
24,119
2,241
—.—
S. Government securities
U.
on
of
Light & Traction Co
from
Consolidated
holders of record June
3 Mos. End. Mar. 31—
Operating
1
Income
from dividends
Dividends
last, the first payment
23, 1936 when 50 cents was paid.—V. 155, p. 1826.
since Dec.
$4,743,993
Co.:
Consolidated net income——
Corp.—Special Dividend—
May 20 declared a special dividend
on
4,211,023
$4,849,917
Balance
expected that there will be
for the year 1942.—V. 154,
American-Hawaiian Steamship Co.
>
Total
net
of
income
1189).—V. 155, p. 1913.
p.
Hi
$0.04
the requirements of the
have been made for Fed¬
the common stock, payable June 30 to
on
$8,955,015
4,078,465
3,421
American
$13,779
than
profits
$8,928,382
——
public
_
:
$0.04
provisions
it
excess
as
American General
declared a dividend of $4.50. per share on
stocks, both payable June 26 to holders of record
This compares with $6 per share paid on both classes of stock
23, last, and $3 per share on June 27, 1941 (compare V. 154,
May 20
on
profits
earnings
—
Balance
including interest and depreciation.
more
$8,897,635
57,380
Expenses
1145.
p.
Alabama Great Southern RR.—$4.50 Dividends—
directors
'
approximately 50%'
earnings
The
11,272
...
all charges,
Second Revenue Act of
the bondholders
lightly disregarded.
For these reasons I have with grave
doubt concurred in an order admitting this appeal."—V. 155, p. 1748.
by
1941
$14,462
allowance for
tCalculated
not
are
net
int. and divs. on securities held by
Income
by the Crown, who are involved, not only as the holders of the Crown
domain and water powers, but also because it owes a duty, not only
$8,634,066
294,316
$25,Q51
til,830
profit
1941
$52,164,960 $47,628,084
43,530,894
38,730,449
(net)
Subs, investment
1942
Earnings per common share—.
income
Balance
$26,292
i
Net
ling assistance of the Privy Council should be invoked. The appeal
is earnestly desired, not only by the junior security holders, but also
to
'!
,
and State taxes
Federal
also a situation has arisen where widespread public
involved, and where, if allowable in law, the disentang¬
but
profit
expenses——:
operating
Total
Tiling Co., Inc.—Earnings—
Quarter End. Mar. 31—
•Net
—
"Net' earnings from utility operations
,
■
revenues
This
911.
p.
1942
Operating Companies:
operating
Other
the
on
1.
June
(& Subs.)—Earnings
12 Mos. End. Mar. 31—
is
Cigarette & Cigar Co.—Smaller Dividend—
directors
common
Light & Traction Co.
American
South
99%
Total
American
v
MISCELLANEOUS
-
May
$1,000,000 2%% bonds, due
by Salomon Brothers &
19
the first
were
p.
1827.
.
American Tobacco Co.—Listing
The
000,000
issued
New
York Stock Exchange has
20-year
3%
of Debentures—
authorized the listing of $100,-
debentures, due April 15, 1962 all of which are
155, p. 1749.
arid outstanding.—V.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4075
Volume 155
and
Americaii Water Works & Electric Co., Inc.—Outputs—
energy of the electric properties of American,
Water Works and Electric Company for the week ending May 16, 1942,
totaled
70,495,000
kilowatt hours, an increase oi 13.52%
over the
output of 62,098,100 kilowatt hours for the corresponding week of'
-uv.
•
.
follows:
years
WeeK
*'
■
••
May
May
May
—V.
71,708,000
72,053,000
70,495,000
1914.
16__
155,
p.
v.-., • ,••:
m ■!,
1940
i-v. ,--v
39,179,000
51,054,000 39,367,000
51,331,000 39,154,000
51,895,000 -43,150,000
taxes
the
stock, par
common
June 5.
(For offering, see
„
38,313,000
38,666,000
39,542,000
37,701,000
discount-,
and
The
the
tax
*
533,009
etc.
Prov. for contingencies-
Minority
tNet
2,462,500
78,819
interest
profit
fEarn,
2,697,170
1,000,000 38,516 7..
3,530,920
—
per
share-
such
securities
in
release
its
No.
254.
is
ii.
<
herewith
,
15,
which was,
expected to
The
not
sufficient
and
tions
terms
on
$3,686,911
Automobile
'
$0.42^
100%
a
is an increase of
106,119,388 units a
operating at
♦Includes depletion of coal mines, timber lands and phosphate
tBefore depletion of metal mines.
tOn 8,674,338 shares
155, p. 1594.
small profit.
a
offices,
of its branch
would
encouraging.—V.
Finance
Consolidated Income
available
be
de¬
(par
Co.
155,
1914.
p.
—
regular half
been
to holders
dividend
June
of
of
the
on
dividend of $1.per share in U. S. currency,
outstanding capital stock, payable June 1
the
Dec.
1,
In addition to the regular sem'-annual
paid an extra of 50 cents per share on
and on June 1 and Dec. 2, 1940.—V. 154,
1941,
-
dividend
stock,
30
1
June
record May
155,
22.
last year.
1827.
p.
Asbestos
Corp., Ltd.
—
The directors have declared
an
Larger Quarterly Dividend10 cents per share
extra dividend of
15 cents per
of
share and an extra of
be parties
A
the
of
series
annual
with
155,
Associated
Gas
statements
as
each
to
subsidiary
&
12
Co.
—
due
behalf
fruit
an
interest
and
1925
1932,
The scrip was distributed to pay
'junior securities,' in lieu of cash payments.
these new convertible obligations.
Holders
gations.
that they
did not.
former to
obligations.":
fixed-interest
is
this
30,000 persons, many of whom
seeks tq protect."
mittee
•
It
committee
its
formal objections
states:'
junior and
Associated
some
to these
Net
stock,
invested their life savings, which
,
"
,,
pompany
dividend
to
to the
Such
in the case of certificates of stock.
Claimed securities were secured by no indenture and protected by no
trustee.
It was obvious at the time of acquisition that circumstances
form,
as
is
customary
might require the management to convert
V
claimed securities into stock,
May
30.
action was
No
t^kep
''£■
■
v-r
}
":':V I-:'".-:/
;
1941
1940
$2,042,519
$1,287,862
102,058
25,161
profit
'
Buffalo, Niagara & Eastern Power Corp. (& Sub?.)—
Earnings—
'
Period End. Mar. 31—
1942—12 Mos.—1941
1942—3 Mos.—1941
Operating revenues
$12,902,083 $11,614,273 $49,240,558 $42,788,798
♦Oper.
rev.
deductions
10,174,353
8,317,127
37,977,780
30,578,782
Operating income
income
$3,297,146 $11,262,777 $12,210,016
1,238
21,765
Dr8,802
$2,727,730
Other
11,468
income
$3,298,384 $11,284,543 $12,201,214
1,018,789
4,208,050
4,135,024
$2,739,198
deductions
1,031,837
._
income
Reservation
by
$1,707,361
net
$2,279,595
$7,076,493
120,000
of
40,000
480,PQO
$8,066,190
*40,000
$1,587,381
$2,239,595
$6,596,493
$8,026,190
inc.
sub,_
a
the
to earned
Bal.
♦Provision
for
Federal income faxes by corporation and subsidiary
the three months ended Mar. 31, 1942, was baseci oq
taxable income.
The aggregate provisions for
companies for
45%
of
surplus
tho
and
Federal
estimated
Canadian
income
for the
taxes
three months ended
Mar.
31, 1942 and 1941, were $1,667,276 and $954,785, respectively.
No
provision has been made for Federal excess profits tax.—V. 155, p. 814.
made
quarterly
regular
Buffalo Niagara Elpctric Corp.^Eafnings—
Period End. Mar. 31—
of
$4
share
per
the
20,
Wharf
stock,
1942,
p.
1124;
Other
income
declared
total
a
1942—12 Mos.—1941
/
$5,872,746 $22,954,493 $21,693,776
4,731,897
4,177,587
17,576,514
15,759,728
$1,332,430
$1,695,159
2,900
5,377,979
10,175
$5,934,048
2,099
$1,334,529
$1,698,059
$5,945,221
$3,972,479
_
Gross
Income
as
496,698
487,999
$5,388,154
2,065,701
$837,831
$1,210,060
$3,322,453
deductions
income
Reservation
11,173
_
of
inc.
120,000
40,000
480,000
40,000
$717,831
$1,170,060
$2,842,453
$3,932,479
♦Provision
Mar.
The
31,
net
1,972,742
Bal. to earned surplus
Federal Judge
On the (notion of the company
the time within which the plan
150, p, 3347.
V.
income
for
1942,
Federal
for
income
based
was
provisions
taxes
45%
on
Federal
income
of
for
the
taxes
three
the
estimated
for
the
months
taxable
three
ended
income.
months
ended
Mar.
31, 1942 and 1941, were $582,400 and $435,200, respectively.
No
provision has beeii m&cle lor Federal excess profits tax.-r-v. 155, p. 914,
Co.—50-Cent Dividend—
payable
with
June 30,
on
before
$0 file its plap.
152,
$6,054,327
Operating income
on
Co.—Reorganization Hearing—
12
1942—3 Mos.—1941
Operating revenues
♦Oper. rev.
deductions
holders
dividend of 50 cents per share on the
to holders of record June 1.
This
of $1.75 paid on Dec. 31, last, and 25 cents
30
1941.—V. 158, p. 595.
Traction
California Ink Co., Inc.—Dividend Reduced—
a
June
Light
A dividend of 62 Va
cents per share has been declared on the common
value, payable June 20 to holders of record June 10. This
75 cents per share paid on March 20, last, and on
Sept. 20 and Dec. 20, 1941, and 62% cents per share on March 20 and
stock,
no par
with
compares
Co.—To Pay 40-
Power
&
June
20,
1941.—V.
154,
1260.
p.
California
The
.
New
decree
Jersey
dated
Court of
Oct.
24,
1941,
Court Reaffirms Decree
Total
Appeals May 19 affirmed the
down by Vice-Chancellor Fielder
and
handed
Qf $he New Jersey Court of CUpncery holding that officers and directors
of the corporation mismanaged its affairs for their personal benefit.
Under the terms of Chancellor Fielder's
decree Joseph J. Mascuch, John
T.
Mascuch,
and
Beh
stock
A.
which the
while acting as officers and
ruling states they fraudulently obtained
directors of the corporation.
result of aptior* by a stockholders' group, the company was
forced into receivership with J. Henry Harrison, Newark, named to
operate the firm which manufactures many airplane parts and holds
As
'
that
million
and
dollars
of
155,
be
p.
of
worth
total
a
$650,000
directors.—V.
of
war
325,000
returned
to
contracts.
The
outstanding
the
company
decree
directors have
capital stock, par
like
amount
During
each
3,024,718
$2,285,928
239,336
$2,329,594
238,734
$2,046,592
—.—
plant
income___
$2,090,860
3,799
1,107,624
—
1,141,960
$942,768
$952,267
—
Notes—Provision for Federal
above
$2,094,227
deductions
income
income
3,367
$2,050,392
___—
income
and
excess
profits taxes for the
periods was made in accordance with the Revenue Acts effective
during such periods.—V. 155, p. 1916.
*
was
Calumet & Hecla
The
declared
dividend
of
50
cents
—
paid on March
made
10,
per
share
on
Aeronautical
Roosevelt on May
155,
cents per
p.
share
914.
dividend
of
25
cents
per
Boston, Mass.
share
on
A similar
of
Corp.
—
Plants
Returned
—
have declared
accumulations
on
the
a
6V2%
dividend of $1.25 per share on account
cumulative
preferred
stock,
par
$100,
June 20 to holders of record May 30.
A similar distribution
on
March 20, last, as against $2.75 on Dec. 20; 1941, and
$1.25 per share in each of the 10 preceding quarters.—V. 155, p. 914.
payable
to
Voting
20 ordered the Navy Department to
-i'~;
made
Canada Dry Ginger Ale,
Inc.—Stock Offered—Shields
& Co., on
re¬
linquish control of the three plants of the Brewster corporation which
18.
a
155, p. 1751.
The directors
10
New Board of Directors Named
taken over on April
Consolidated Copper Co.—Div.—
declared
Canada Ceroept Co„ Ltd,—Accumulated Dividend^
.
last.
distributions of
Trust—
President
have
stock, payable June 13 to holders of record May 29. Checks
will be mailed from the Old Colony Trust Co.,
—V.
the
$15, payable June 10 to holders of record May 25.
a
quarter on the old $3 par value stock.—V.
Brewster
directors
the capital
payment was made on March 13, last, on March 15, June 16, Sept. 13
and Dec. 13, 1941, and on Jan. 16, April 30, July 16 and Nov. 16, 1940.
1009.
1941, the company
Company
were
1941
$5,354,313
3,308,259
income
Net
was
.
revenues
electric
(net)—
income
Total
provides
shares^of
by the officers and
common
Brewing Corp. of America-^-SOrCent Dividend—
The
A
of
lease
operating
Gross
money
143,028
Breeze
new
1942
$5,594,187
a
several
;:
for
Other
Johnson, Jr., Joseph F. Lucas, Emile L.
Healy were ordered to restore over $2,000,000 in
C.
operating
Rent
Langstaff
Melville
and
Co.—Earnings—
operating expenses and taxes
Net
Errors
Power
Oregon
Years Ended Mar. 31—
Operating revenues
Net
Corporations, Inc*
Against Officers—
„
acquiring his certificate that his status might at any moment be
formally declared by debtor to be that of a stockholder.
Most of
claimed securities were without a due date, or were issued in regis¬
record
•After charges and Federal income taxes.—V. 155, p. 1916.
111.—Larger Dividend—
a
Breeze
essentially
subordinate character by reason of the right given
& Electric Co, to convert the same into stock.
Gas
pf
prof, stock, par $100, payable In Canadian
sales
*Net
.
"junior security" claims the com¬
1
—
15 declared the regular quarterly dividend
May
tp holders of
■
notes,
on
The directors have declared a dividend of 40 cents per share on the
common stock, payable July
18 to holders of record May 30.
A similar
distribution was made on Dec. 22, 1941, which was the first payment
since July 5, 1938, when 50 cents per share was distributed.—V. 155,
p. 1828. :■ '
jc
'
•
right was not given to debtor in the case of the fixed-interest ohliga*
tions.
Every holder of the CDCs, the CDCs of 1999 and others of they
claimed securities convertible into stock at debtors' option, knew when
tered
the
25
May
May
Nov.
set
Brazilian
$5,000,000 assert*
nature of all claimed securities was their
be
' ■'
..
Cent Dividend—
to the J
investment held by
$60,000,000
"
"Inherent in the
of
held
directors have
disbursed
supposed interest on these
Over $45,000,000 accepted;,
The latter we allege to be nothing more than
be controlled by their express subordinations
15
Brown Fence & Wire Co,—Earnings—
par
declared
payable
filed.—V.
compares
not satisfied with selling fixed-
Hopson,
Ford
common
principal issues, some of which were again subdivided. In 1932 Hopson
exercised his option to convert this paper into stock, but at the same,
time gave the holders the privilege of accepting new 'securities' which
were
little different from the old paper m a new form, and which,
continued to be junior arid subordinate to^ .company fixed-dnterfegt, pblii
In
will be discontinued
Ford, at Boston
of reorganization for the company.
Some time ago a
filed by the mutual savings bank group committee seeking
Boston
convertible obligations, convertible debenture
obligations,
bearing allotment certificates, scrip,
etc. % There were 36
tificates,
this
have
was
was
be
The
mosf despertate schemes for
obligations of the parent company, such as those we represent,
will
Dusen
;>>•>.' / ] 7 *'
on the
common dividend ordinarily payable
about the same timely In,
previous quarters, (iistributions of 7'/a cents per sharp were ma(je' each
quarter on the common stock, the iast payment at this rate having
been made on March 14, 1942.—V. 152, p. 3962.
f.
quarterly dividend of three cents per
value, payable June 26 to holders
a
no
Previously,
4.
stock,
plan
a
Judge
preferred, preierence, and various classes of common stocks, floated,
also, an assorted collection : of paper, calculated to appeal fa the
credulous speculator.
This paper was convertible at the optipn of
either the company or the holder, into stock of the company, v These
were
known
as
convertible debenture certificates,
convertible cer¬
some
stock,
extension of time
is to
or
the
declared
have
directors
motion
mulcting the public.
"Between
on
share on the 6%
June
the above referred to warrants,
preferred stock and 10-year sinking fund 5%
common
June
hearing
on
committee's
$60,000,000 fixed-interest obliga-^
of some of Hopson's
directors
on
Net
Boston Terminal
A
Co., whom Judge
designated as recipient
Hearings on claims and objections,
it is expected, will be referred to. a. special master.
In
a
public statement accompanying its detailed objections, the
committee said:
"
*
1
"Although the presentation of these 'junior security' claims seems,
at first, to have complicated Associated reorganization, we feel that it
teally affords opportunity to clarify and dispose of potential diffi¬
culties which might otherwise retard reorganisation.
Such claims are
inherited
Van
Mr.
1672.
p.
Co., Ltd., Niagara Falls, Canada
funds
Net
Associated Gas and Electric
for
Bright &
$1.50 per
1942.
1,
of record May 15.
This
compares with
$3 per share paid each quarter from May 26, 1941,.
to and including Feb. 25,
1942, and $2 per share paid on Feb. 23,
1941.—V. 155, p. 539, 498.
Leibell
and
(T. G.)
Income
the New York Curb Exchange will cease
Transactions in the warrants on
on
June
with warrants attached,
1947,
the
common
issued under trust indentures, opens a new phase of the compli¬
cated litigation which followed the wrecking by Hopson of this billiondollar
utility.
The committee, of which Irvin McD. Garfield, of
Boston, is chairman, and Jack Lewis Kraus, II, is counsel, accepts the
burden of disposing of these obstacles to a prompt Associated reoganization.
The objections were filed May 15 by Mr. Kraus with Stanley
trustee
than
155,
tuture."-r-V.
o
1942.
on
Boss Mfg. Co., Kewanee,
tions,
interest
of
with the expiration of
directors
on
The
The general protective
of approximately
other
corporation
near
1
reserve
payments of four cents per share.—V. 155, p. 1828.
"junior
Judge Leibell.
Federal
the
1,
noon
1,
record
of
securities" now challenged embrace 36
subdivided many times, and total over $65,000,of their claims was required through a bar order
Presentation
actiop in
Clarke,
June
on
June
share
General Protective
some
Signed by
the
the
in
Beattie Gold Mines (Quebec), Ltd.—Smaller Dividend
were
sought to evade or avoid taxes and to manipulate
miscellaneous
different classes,
of
officers
announced
market
stocic
t>00.
$3,notes
Exchange at the close of business on May 28. On and
after May 29, dealings in the
entire issues of 6% preferred stock and
5% notes due 1947 will be without warrants.—V. 155, p. 498.
Objections filed May 15 by the general protective committee for the
lixed-interest obligation holders of the company to claims made by
holders of so-called "junior securities," revealed, it is charged, new
and more
intricate
methods by which Howard C. Hopson, now in
'The
security),
New York Curb
$65,000,000 Miscellaneous
"Junior Securities" as New Hopson Scheme to Evsde or
Avoid Taxes and to Manipulate Stock Market—
tJbic
tive
purchase warrants expire and become void at the close of
o'clock
The
Electric
ft
President,'
repossessed
dealings in the 6%
Committee Attacks Issuance of
Federal penitentiary,
stock
In connection
.
1914.
p.
Ralph Singer, the former
May 29, and until 12 o'clock noon on June 1, will be for "cash" only.
suits
complete
issue
corporation
(less
business
15 cents per
by reason of their office.
of resolutions by a minority stockholder proposing that
stockholders' meetings be held in New York and that the
defeated.—V.
value
Ballantine,
A.
Alstyne, Jr., Van Alstyne, Noel & Co., New York; George C. Wester¬
Gross
18 approved a new by-law providing for
and officers for expense reasonably in¬
or other actions to which they
may
directors
Arthur
\
Goods Corp.—To Indemnify Directors
connection
in
surrender
receivable
$33,006;
Dealings in said warrants
The stockholders on May
,
curred
(automobile
receivable
(B. F.) Avery & Sons Co.—Warrants to Expire—
at
indemnification
hand, $566,039; receivable from bank,
acceptances
cash
The
155, p. 913.
Associated Dry
and
velt, Frederick R. Harris, engineers, New York, and Evan Randolph,
President, Philadelphia National Bank.
The names of. the other execu¬
1942
stock
($Iu
pan,
$5,000,000;
treasury stock,
able/insurance, $9,676; accounts payable and accruals, $3,305; reserves,
$619,754; 7% preferred stock ($25 par), $614,650; common stock ($1
par),
$240,310; earned surplus, $390,933; capital surplus, $356,091;
lotal liabilities, $5,019,720.—V. 154, p. 1528.
a quarterly dividend of 20 cents per share on the common stock,
payable June 30 to holders of record June 15.
From March 31. 1940
to
and incl. March 31,
1942, the corporation paid each quarter a
1
and
on
accounts
and
and
regular dividend
31,
March
Liabilities—Capital
Smaller Extra—
share.—V.
Sheet,
life insurance, $47,706; other
for josses on other receivables,
automobiles, $8,827;
receivable from
dealers on recourse repossessions,
$45,079; deferred charges, $1,745;
prepaid interest, $8,539; land and office building (less depreciation),
$153,089; furniture, fixtures and equipment (less depreciation), $21,309;
total assets, $5,019,720.
644,106;
This
banks and
in
notes
$17,649),
declared on the common
holders of
to
$490,275;
Dividend—
cents per share has been
payable
with 25 cents per share paid cn June 2 and Dec. 15,
compares
—V.
of
$50,
par
Assets—Cash
.....
Arizona Edison Co., Inc,—Larger
A
Van
14,784
——-
Balance
City,
6 Mos. End. Dec. 31—
company
1258.
P.
Consolidated
York
New
C. A. Van Dusen, President, Brewster Aeronautical Corp.; E,<:
$30,116
Dividends paid on preferred stock.
record May 20.
$1,
and
2
yearly
declared
.__
income
Net
Company,
J. Engel, President, Santa Fe Railroad; William Fulton Kurtz, Presi¬
dent, Pennsylvania Co. for Insurances on Lives and Granting Annuities;
F. D. Schnacke, Smith, Schnacke & Compton, Dayton,
Ohio; David
The
1(142
$318,478
53,183
218,857
16,323
•
Provision for State and Federal income taxes
:<•
Trust
lowing;
Subs.) ^-Earnings—
(&
Statement, Six Months Ended March 31,
of borrowings
Operating' expenses
Midland
Qrhits Coirimon pividend—
Cost
Dividend—
it did
wherein
maintain
to
Income
$50) .—V.
Andian National Corp., Ltd.—Omits Extra
*
production basis.
war
following: C. A, Van Dusen, James G. Blaine,* President pf the Marine
have
who.
took a leave of absence as Vice President of the Evans Products Co.
in December, 1941, to serve as President of the Brewster corporation,
has made a valuable contribution to the operations of the company
while in office.
/
•*
MA new board of directors has been elected and consists of the'fol»
branch
expense during the emergency.
Further restric¬
being applied in other branches where economic
are
not
are
on
some
volume
overhead
conditions
have it
has closed
company
feel
office
22,485
at the time of purchase,
soon
Van
Mr.
Van Dusen.
A.
has been engaged in the. airplane construction
industry con-,
tinuously since 1914, having been Vice President and General Manager
for the Glenn L. Martin Co. for several years up until 1934, and, from
then until the end of 1941, 1st Vice President in charge of production
fpr tjie Consolidated Aircraft Corp.
"Holders of certain large blocks of stock, constituting approximately
27% of the issued and outstanding shares, have established a votingtrust until Nov. 20, 1944, and have designated as voting trustees the
tendered their resignations.
This
of
be C.
,
attorney apd former Under-Secretary of the Treasury.
-•J;,.;
"All of. the former officers and directors of the corporation
Gas & Electric Corporation report for
electric output of the Associated Gas
net
executive of the corporation is to
4
Dusen
.
117,177,102 units (kwh.).
above production
was
Ind.,
■ -* ---7--'
86,269
group
May
-
-
Associated
oi
ended
It is
1,953,767
posits.
The
chief
by the Federal Trade
summarization
This
'
has
were
Associates Investment Company—New Subsidiary—
-—-
'
2,711,248
$9,960,516 $11,631,722 $10,517,636
$1.15
$1.34
. $1.21
__
com.
which
into
15 said lu part:
During the month of March a Wholly owned subsidiary was formed
to be known as National Industries, Inc., with a paid in capital of
$2,500,000.
In the same month we procured a plant in Fort Wayne,
1,484,286;
____—
•
stocks
,
„
4,636,272
4,825,327
1,600,000
4,036,000
the
President E. M. Morris May
578,535
'
8,588,555
of
11,057,714 units or 10.4%
ago.—V. 155, p. 1914.
*"932,778
293,817
___
issuance
year
$8,358,762-
$18,778,251
Excpss profits tax______
•Depletion, obsolescence,
The Navy's managing officer, Captain George C. Westervelt, retained,
however, the original operating management while ordering }t to dlsassociate itself from the corporation's board of directors.
On his first
day in .charge he denied that labor troubles existed.
Secretary Knox later issued a statement which said:
' ;
"The executive direction of the Brewster corporation has been placed
in the hands of a new board of directors, and the new President and
of
option, constituted a scheme to evade or avoid
debtor's income.
The management's scheme to manipulate
trustees
week
Electric
$8,045,356
313,400
■
326,958'
220,937
______
•
conre
$18,461,293
$28,756,106 $22,230,770
98,796i 1 217,098
income
and
.
(& Subs,)—Earnings—
1941
1940_
1939
Total
country
at debtor's
Weekly Output—
dividend of 20 cents per share
$2.50, payable June 20 to holders of record
V- 185, p. 1503.)—V. 156, p. 1670.
Exp, of non-oper. units
Federal and foreign in-
the
The primary interest of the persons acquiring claimed securi¬
ties
was
speculative profit.
This was in contradistinction to pur¬
chasers of fixed-interest obligations who relied upon the margin of
junior equity money invested and upon the protections of debtor's
affirmative and negative indenture covenants and upon corporate in¬
denture trustees.
The original claimed security holder, therefore,
accepted the supposed ; integrity, honesty and profit-making ability
of the management to create speculative Enhancement
for his purchase."
^
■'"
Anaconda Copper Mining Co.
Interest
of
surely fhe management would
more
stock.
adopted.
Distribution—
Quarter End. Mar. 31—
1942
Operating profit
$28,535,620 $21,934,853
Other income
230,488
295,917
the
into
same
the market for class A stock has been summarized
The directors have declared an initial
on
direct
upon
Commission
'
Ampco IVletal, Inc.—Initial
financial conditions
grew
Electric Co.,
&
the
convertible
h..,"<r
^
1939
51,473,000
i,
worse
Gas
of
<
A-/..-.*
1941
54,840,000
72,277,000
25
2
9__l_
v.
58,097,000
62,196,000
62,098,000
1942
Ended—
Apr.
1
(
i-y,
i
a
....
the
required to convert
It was well recognized that
debtor's issuance of securities, in the form of claimed securities, instead
electric energy for the last
of weekly output of
table
Comparative
five
;
that
Associated
be
Output of electric
2003
May 14 offered after the close of business a
block of 8,200 shares of common stock (par $5) at a fixed
price of 10Vs net. Dealers' discount 350.—V. 155, p. 1672.
THE COMMERCIAL & FINANCIAL CHRONICLE
2004
V-
International
Canadian
Ltd.—To
Trust,
Investment
Pay 50 Cents On Account of Accumulations—
The
have
directors
declared
accumulations
of
account
of
dividend
a
5%
the
on
cents
50
per
share on
stock, par
to holders of record May 15.
A like amount was
Arrearages as at March 2, 1942, amounted
share.—V. 155, p. 1596.
$100, payable June 1
paid in preceding quarters.
to
$31.75
per
distribution to Milwaukee bondholders.
A
supplementary
issued by Messrs. Osborn and Gerdes states:
of the established earnings on the lines west, covered
by
the mortgage of the 5s of '75, the proposed distribution was most
inequitable, because if the distribution were based on earnings there
was
at least $7,000,000 of money which should go to the 5s of
'75
instead of the general mortgage bondholders;
that they would make
Time
effort to see that this was rectified in the future; and that
future distribution should not only take into account the $7,000,000 withheld from the 5s but should be strictly on an earnings basis."
Operating expenses and cost of goods sold
Selling, general and administrative expenses
statement
view
•Canadian National Ry.—Earnings—
Gross
—V.
revenues
155,
$6,067,000
;
marks in the Chicago district, when
at a 160-inch plate mill.
A new
record was established at a Gary open hearth department, consisting
of; three tilting furnaces, which in April produced 81,330 net tons.
The
a
>corporation also set
record
World's
To
Expand Armor Production—
L.
J.
new
established
was
President,
Perry,
*
Dis¬
the announcement
than the older riveted models,
a
fear
that
an
appeal
will
injure
produced by the plant consists of more than
prefabricated armor plate, which, when as¬
sembled at the tank arsenal, form the main body of the completed tank.
The ;plant was operated as a tin mill from 1901 until early in 1940,
but before the year 1940 came to a close, it had been dismantled and
new 'facilities
for production of tank armor were installed.—V. 155,
p. 1916.
t
•
pieces
of
payment of interest on their bonds. Research
method by which an appeal can be limited
portion of the distribution as to which there is dispute.
"In foregoing our right to appeal, we do so with full confidence that
you will recognize the doubtful validity of the proportions in which
the proposed distribution will be made.
Also, that you will recognize
the propriety of retaining cash, apart from working capital, sufficient
to secure a further distribution in cash of approximately $7,000,000
to
the holders of the
50-year mortgage bonds if and when it is
determined that distribution shall be based on earnings instead
of
on
a
plan which has never been submitted to security holders and
approval of which has been reversed by the U. S. Circuit Court of
Appeals. As stated in the answer of the undersigned to the petition
of the trustees, approximately $7,000,000 additional should be paid to
the holders of the 50-year mortgage
bonds if $16,000,000 are now
distributed to the holders of the general mortgage bonds."—V. 155,
1751.
Chilean Nitrate & Iodine Sales Corp.—Interest-*
Operating
announced that accumulated interest due and payable for the
period ending June 30, 1942, on the sinking fund 6% in¬
come
(dollar) debentures due June 30, 1968, will be paid at the rate of
2%% on and after June 30, 1942, upon presentation and surrender
of coupon No. 17 at the Guaranty Trust Co., 140 Broadway, N. Y. City.
—V. 155, p. 1751.
Net
for
Profit
In
declared
have
directors
a
dividend
of
dividends were paid: March 15, June 16 and
and Dec. 15, $35.15.—V. 155, p. 821.
the following
1941,
Sept. 15, $32.50 each,
record
4,424,717
6,887,900
2,281,265
244,451
5,753,090
2,092,727
190,827
$2,036,029
$2,343,692
and amortization
depreciation
—
—
income
4,305,431
taxes
/
25,034
3,156
$2,061,062
(net)
$2,346,848
•
531,700
577,300
374,300
508,300
$1,155,062
$0.67
$1,261,248
—
profits taxes.
Profit
for
"'Earnings
period
share
per
$0.73
t
"■Calculated
upon the 1,716,277 shares of $2.50 par value stock out¬
standing at April 4, 1942.
'
"
^
*
Notes—(1) The provision for Federal income and excess profits taxes
for both quarters shown above have been
of
Act
calculated under the Revenue
calculation, one-fourth of the esti¬
has been used in determining the
for purposes of such
1941;
mated
annual
profits credit
excess
Income considered
subject to the excess profits tax.
The earnings
1941 quarter have been adjusted in this
:;
estimated that adoption by Congress of the 94% excess
pr'ofits tax and 40% normal tax rates recently recommended by the
Ways and Means Committee of the House of Representatives would
require a provision of approximately $300,000 for first-quarter 1942
taxes
in
addition
to
the
$906,000 provided for such taxes in the
as
previously reported
for the
respect.
(2) It is
,
•
statement.—V.
155, p. 1917.
Columbian Carbon Co.
-
1942—3 Mos.—1941
Period End. Mar. 31—
1942
1941
$3,919,360
2.986,186
Total
1
$864,790
$933,174
Net
346
813
Other
$932,361
"■Gross
1942—12 Mos.—1941
Federal
income
income
The
$1,441,814
600,000
taxes
and
higher
income
follows:
7,474,189
6,055,173
26,475,954
22,091,265
$1,205,919
$1,688,775
$4,093,791
$4,951,615
2,360
4,195
14,343
amounted
charges
$4,964,780
$739,930
to
against
than
taxes
for
required
by
for
account
Net
sales,
three
Revenue Act, but is
finally fixed by Congress.
Mar.
31,
1942, in
1941
are
months
$5,136,705;
$86,294;
income,
is estimated at rates sub¬
1942
the
total
cost
ended
$2,741,698;
of sales,
selling,
$789,474; operating profit, $1,605,-
other charges,
minority interest in
$1,691,827;
income,
13,165
$4,108,134
other
$2.03
$1.57
depletion
the first quarter of last year.
administrative and general expense,
553;
$1,089,335
share
per
provision for Federal
stantially
300,000
$841,814
taxes
Federal
after
Depreciation
$668,913 for
detail
and
exps.
Net
for
1941
$1,389,335
1942
Net income after all charges
The
$7,743,948 $30,569,744 $27,042,880
$8,680,107
revenues
oper.
(& Subs.)—Earnings—
Quarter Ended March 31—
subject to revision when the 1942 rates
Cincinnati Gas & Electric Co.—Earnings—
taxes
and
and
$15,874,363 $14,685,767
before Federal income taxes
Income
Excess
Net
$17 per share on the
common
stock, payable June 15 to holders of record May 25. A dis¬
tribution of $22 per share was made on March 16, last.
$864,444
Operating expenses
—
commissions,
discounts
agency
profit
Miscellaneous
Christiana Securities Co.—Smaller Dividend—
The
$4,215,612
3,350,823
revenues
and
talent,
six months'
Central Illinois Public Service Co.—EarningsThree Months Ended Mar. 31—
facilities,
to the
set
armor
individual
of
—
allowances
Provision
2Eabh tank
Subs.)—In¬
Apr. 4, '42 Mar. 29, '41
sale
from
discount
returns,
innocent
jBaid.
30
(&
not
It is
facilities, costing more than $5,000,000
welded units rather
to
reveal any
to
failed
has
p.
*
will enable the com;pany to more than triple Its present output of the principal tank hull
parts <of special armor plate, heat-treated, fabricated and ready for
assembly at the nation's tank arsenals where emphasis is now on the
These
but
distribution
the
announced that facilities for ex¬
18
May
on
pansion of the corporation's armor production in the Pittsburgh
trict will be completed before the end of the current year.
decided
have
we
.
bondholders by delaying
corporation; a subsidiary of the United States Steel Corp., on
> l-£-May; '15 announced that daily average production of 47,069 tons of
%:■ -pig iron and 62,224 tons of steel ingots during April exceeded any
previous performance.
Steel plates for ships, Vital to the nation's
war effort, are featured in new output records established last month
by the-production soldiers of the company.
»
Among numerous new records made last month was one by the
140-inch
plate mill in the Pittsburgh District, which exceeded the
previous record attained in March of this year.
IAnother Pittsburgh District record was established during the month
when'Carrie Blast Furnace No. 4 produced 36,200 net tons.
matter,
the order of Judge Igoe, dated April 14, 1942, directing
distribution to bondholders;
"Our decision is not due to any doubt as to the invalidity or inequity
of
Carnegie-Illinois Steel Corp.—Record Output—
the
of
income
lines, records, etc.
Provision
from Mesrs. Osborn and Gerdes follows:
consideration
careful
"After
•
This
3 Mos. Ended—
Gross
to appeal from
a
1916.
p.
complete letter
The
1941
1942
$7,146,000
___
System, Inc.
Broadcasting
Statement—
come
every
any
>•: Week Ended May 14—
Columbia
ordering
"In
preferred
cumulative
Monday, May 25, 1942
taxes
income
Federal
$225,371;
(est.),
taxes
$600,000;
net profit (after deducting depreciation and deple¬
$739,931), $841,814; dividends, $537,406; surplus, $304,408.
earnings, $24,641;
Net
Other
income
Gross
Net
(net)
(Dr)
_.
income
Interest
income
155, p.
$407,991
dividend
427,079
requirements
income
$1,208,278
$1,692,970
Int. and amort, charges
376,454
397,853
1,551,498
1,606,597
$831,824
$1,295,117
500,000
$2,556,636
$3,358,183
500,000
2,000,000
2,000,000
$331,824
$795,117
$556,636
$1,358,183
Net
income
Preferred
divs.
directors
6'%%
record
Jan.
cumul.
a,
July
1934 to
mentioned issue
payable July 1 to holders of
six quarterly periods, from
$100,
par
covers
the
1935.
$9.75
Jan.
on
declared a dividend of $9.75 per share on
dividend
1,
of
'distribution
A
Co.—$9.75 Preferred Dividend—
stock,
pref.
This
11.
June
May 18
on
per
1,
share
1942.—V.
was
155,
also made
499.
on
the
above-
stock,
common
March
1,
35
1
Aug.
declared
$1,
par
of
Distributions
was
have
directors
and
and the
—V.
1941,
holders of record May 23.
on March 2,
last, and on
29,
while on Nov.
extra dividend
an
of
20
1941, 20 cents
cents per share
regular quarterly dividend of 15 cents per share on the common
both payable
share
426.
$1,
par
154, p.
1 to holders of record May 20.
An
also paid on June 2 and Dec. 1, 1941.
June
was
Trustees
the
of
corporation filed,
May
14,
Report—
their fifth
report with
The
had
V-
$6,300,000
these
it.
J. Cloyd Kent and J. Harvie Wilkinson, said Central
in 5% debentures, series due in 1948, of which
outstanding.
Dillon,. Read & Co. were made agents
debentures, and the trustees said they had $29,579 in the
offset for charges and attorneys' fees for Dillon,
Read & Co.^''V'
The court ordered funds amounting to $107,030 in the Chase National
Bank, which Central States set aside with respect to 5Vs% debentures,
series due in 1954, be deposited in a special account and to be admin¬
'■■■'f::
$3,000
istered
as
accordance
in
with
orders
of the
filed a petition for reorganization, February,
investments of $1,631,722.—V. 155, p. 1405,
States
Central
market value
155,
Klngsmill, Vice-President, has been elected President, suc¬
ceeding Edward H. Clark, who becomes Chairman of the Board.
Operations of the company's properties have been proceeding nor¬
mally so far this year, Mr. Kingsmill told stockholders at their annual
meeting.
There have been increased costs. because of higher labor
payments and prices for materials, but they are just about offset by
increases in the prices for the lead and copper the company will get
this ^ear, he said.
Earnings during the first quarter of this year, Mr. Kingsmill stated,
were
somewhat less than for the comparable 1941 period because of
smaller deliveries in March.
He added, however, that such short period
comparisons were erroneous.
Operations, he said, must be viewed over
a longer period, on which basis they are as good as last year, v
The company is reported to be producing approximately 1,000.000
ounces of silver; 5,500,000 pounds of copper; 1,000 tons of zinc concen¬
trates, and 3,750 tons of lead monthly.
only as a copper concern—it will also have large
19 declared
May
on
stock,
par
$5,
similar distribution
on
the com¬
payable June 30 to holders of record June 20. 1 A
made on March 31, 1942, prior to which regu-
was
lar quarterly dividends of $1.50 were
paid.—V. 155, p. 1504.
Chicago, Milwaukee, St. Paul & Pacific RR.—Not To
Appeal Payment—
v.\
,
William
and
as
the
r
,
,
,
Church Osborn and John Gerdes of New York
as
representatives of other holders, of 50-year mortgage bonds
has sent a letter to Messrs. Scandrett, Cummings &
of .the. road, advising, them that they would not ~-
company
press an
appeal from the recent order of the U.-S. District Court •
depreciation of $24,762,634 in 1942 and $24,716,521
1941.
fMarket value,
$675,488 ($770,027 in 1941).
by 537,406 no par shares after deducting 1,014 shares
fRepresented
held in treasury.
Commercial Credit Co., Bait.
1506.
Broadens Time Pay¬
—
ments for Education—
Time payments
colleges,
The
as
the
will be used to finance educational courses in schools
according to a plan worked out by this company, it is
the Baltimore
full year
Plan, it permits the inclusion of all school
in a single note to be paid off in monthly pay¬
flat
;;
.
cost
The
to
the
parent is surprisingly low—much lower, in fact,
is accustomed to for time payment financing.
It is a
of the total bill, plus only a $5 qualifying fee.
Thus, if the
the public
3%
of
total
comes
stockholders' and directors' meeting has been postponed
annual
for
than
laboratory,
board,
tuition,
to $800,
gymnasium
school fees
other
and
the finance charge would be $29.—V. 155, p. 693.
Commonwealth Edison Co.—Weekly Output—
from June 9 and will be held on July 7.—V. 155, p. 1119.
Electricity output of the Commonwealth Edison group of companies,
Columbia Gas & Electric Corp.
Gross
32,165,723
& taxes
Net oper. revenue
Other income
5,612,098
52,373
Gross
Total
—
1942—12 Mos.—1941
8,422,813
,
58,417.
income—
5,664,471
8,481,230
1,475,568
1,613,462
18,946,344
246,070
19,192,414
5,902,380
22,358,471
231,926
22,590.397
&
4,188,902
6,867,768
13,290,033
16,338,315
310,377
71,620
473,654
255,691
3,878,526
6,796,148
12,816,379
16,082,624
1,353,363
5,271,909
5,383,410
2,545,988
El.
5,442,785
7,544,470
10,699,214
6,459,665
1,084,805
4,239,549
$0.09
applic. to fixed
chgs. of C. G. & E.
fixed chgs.
,
Balance applic. to c&i
C. G. & I
Balance^applicable to
The
9__
May
2
Apr. 25—
—V.
com.
earnings per
excess
of
stock of C. G. & E.
share
common
Columbia Gas & Electric Corp., incurred no
profits taxes in these periods. The Federal income and
the
140,082,000
141,084,000
135,135,000
9.7
9.0
11.6
4.9
141,926,000
1917.
.
,
,
,
President, in issuing the twelfth annual report
1941, states that the report aside from being
also is a message to 77,000
stockholders, 1,700,000 customers and 22,000 employees of the oper¬
ating subsidiaries.
These public utility operating companies, he states,
are performing an important part in the vital services being furnished
by utilities to a nation at war.
Mr. Whiting further states:
Our electric companies have added
to and quickened the flow of
"the life blood of war production," as electric power has been well
characterized
by putting out 10,800,000,000 kilowatt hours of elec¬
tricity in 1941.
The subsidiaries' gas output of 20,000,000,000 bubic
feet
and
transportation services carrying 192,000,000 revenue pas¬
Justin R.
a
parent
deducted
Three
in
arriving at these figures are:
1942, Federal income $113,179 (includ.
the
Whiting,
corporation
communication
to
for
178,000 stockholders,
effort.
during 1941 also contributed to the nation's war
sengers
Corporate
The corporation made
parent company,
taxes
155, p.
,
148,911,000
—
% Increase
1941
1942
153,733,000 ,
153,835,000 :
150,819,000 £„
16
May
of
Earn,
other
—Kilowatt-Hour Output-
Week Ended—
May
$0.35
parent,
Int. & other
Federal
the
Commonwealth & Southern Corp.—Annual Report—
C. G. & E. Corp
of
increase over the corresponding period of. 1941.
Following
kilowatt-hour output totals of the past four weeks and per¬
9.7 %
centage comparisons with last year:
6,252,082
1,332,538
Gas
of
deficit
stocks
a
applicable to
Columb.
Net
excluding sales to other electric utilities for the week of May 16. showed
are
.t $
34,770,036 122,605,972 110,862,166
26,347,284 103,659,628
88,503,695
deductions-
corp.
inc.
Balance
(& Subs.)—Earnings
Mos.—1941
37,777,321
revenues
Total oper. exps
structure.
Simplification
substantial
Commonwealth,
with
progress in simplifying its Capital
cash and $17,000,000 in bank loans
payable in 20 equal semi-annual installments, completed in March,
1941, the retirement of its $51,857,500 of debentures.
The bank loans
since
then have been reduced to $12,150,000.
This leaves the cor¬
months ended March 31,
$35,462 for provision in anticipation of increased Federal taxes on 1942
earnings),, other $22,245; 1941, Federal income $103,743, other $17,040;
12 months ended March 31,
1942, Federal income $404,116 (includ.
$35,462 for provision in anticipation of increased Federal taxes on
poration's capital structure, other than these bank loans, consisting of
preferred stock, common stock and common stock option warrants.
Capital structures of four subsidiaries also have been simplified:
;
1942
earnings), other
$73,331.
\
sale
In
holders,
Haight^ trustees
(
in
16,242
7,133,068
$33,926,365 $32,191,319
"■After reserve for
per
6,459,665
Chicago Flexible Shaft Co.—$1 Common Dividend—
16,242
7,551,393
June 30 and Sept. 30, 25 cents each.
March 31,
on
Consolidated
share
dividend of 50 cents
a
the
and
zinc and lead pros¬
The directors have declared a dividend of $1 per
of
surplus
reserve
ments.'
known
pects.—V. 154, p, 538.
,,
Earned
—
$21,849,354 $21,849,354
934,996
923,278
1,368,288
676,091
1,136,901
1,143,287
111,069,192
§450,000
surplus
fees
share
100,000 shares of capital stock, payable June 30 to holders of
record June 19.
Previously the company paid regular quarterly divi¬
dends of 25 cents per share, and, in addition, paid extra dividends
as follows:
On March 31, 1942, 25 cents; on Dec. 29, 1941, $1.75,
directors
The
on
The design
It is being
designed for the production of 100 tons of zinc daily.
In the future, Mr. Kingsmill said, this company will not be
mon
tax
Capital
Known
concentrator at Cerro de Pasco which when
completed will have a capacity bY-uJ00 tons of ore daily.
for an electrolytic zinc plant is said to be under way.
:
interest
Federal
Harriman,
Coleman Lamp & Stove Co.—50-Cent Dividend—
-
a new
taxes
tllncludes other contingencies.—V. 155, p.
—
1505.
p.
Period Ended March 31— 1942—3
,■
$
Harold
It is now building
payable and accrued accounts
income
and
listing
Cerro de Pasco Copper Corp.—New President, Etc.—
*
Federal
§Includes $150,000 reserve for Federal income taxes, prior years,
& Co.—Stock Offered
-
•
stock
Accounts
announced.
'
court.
1
409,672
$33,926,365 $32,191,319
par) at a fixed price of 27% net. Dealers' discount 85^.
$20,000,000
purchase fund and $24,350 deposited by Central States to pay interest.
Saying that this money was the property of the debtor corporation,
z
118,502
1
282,498
etc
Liabilities—
commission.—V. 155, p. 1830.
Ripley & Co., Inc. on May 18 offered after the close of
business a block of 10,293 shares of common stock, (no
was
the trustees asked that it be returned, which the court granted, setting
aside
A special
—
1,953,858
3,820,827
158,622
goodwill,
Total
Equipment Co.—Special Offering
offering of 2,600 shares of capital stock (no par) was
made May 20 on the New York Stock Exchange
by
Shields & Co. and Sutro Bros. & Co. at 30%, with 65
cents
cos
Total
1674.
p.
other
904,705
" 2,856,407
3,662,227
assets
Patents,
Minority
in
and
assoc.
Deferred charges
trustees,
issued
■
for
in accordance with
orders
30,
and
in
—V.
-Judge Robert N. Pollard, U. S. District Court at Richmond, Va., who
entered
in
operation by the company as of April
1942, totaled 218,250, a gain of 1,459 over the preceding month
14,021 over the 204,229 telephones operated in April, 1941.—V. 155,
stations
of
number
Cluett, Peabody
Central States Electric Corp.—-Trustees'
Other
the
increased
Phones—
The
Invest,
2,268,674
2,033,756
740,487
.
tMarketable securities at cost—
'Capital
Clark
declared
of 20 cents per
extra
1,
imposing
1751.
p.
821.
have
directors
stock,
Oct.
to
made
were
Paper Co., Inc.—Extra Dividend—
Central
The
each
of
anticipation
Act
Cincinnati & Suburban Bell Telephone Co.—Gain
of 25 cents per share on the
dividend
payable June 1
cents
paid.—V. 155, p.
a
_
$19,510,568 $17,578,897
4,681,799
5,136,184
receivable
Accounts
1941
1942
assets
Inventories
probable enactment during 1942 of a
Federal tax rates retroactive
to
Jan.
1,
1942,
additional provision has been made amounting
to
approximately 30% of the amounts accrued during the three months
ended Mar. 31, 1942, at the rates required by existing law.—V. 155,
Note—In
Revenue
p.
Central Ohio Steel Products Co.—25-Cent Dividend—
The
_
_
_
Assets—
"■Fixed
Cash
1829.
Central Indiana Gas
the
paid—
tion of
Consolidated Balance Sheet, Mar. 31
corporate inc._
Balance
The
rev
oper.
Gross
$427,316
427,079
___
stock
505,045
456,453
deductions
and
Preferred
—V.
income-
operating
act
$68,197;
1941,
Federal
income
$468,372,
v'
%
anticipation of the probable enactment during 1942, of
a revenue
imposing increased Federal tax rates retroactive to Jan.
1,
Georgia Power Co. on March 6, 1941, received the
of
$101,271,000 first mortgage 3V2%
bonds,
other
>
.
1942,
proceeds from the
due in 1971, at
103%%, and also from $13,500,000 of 2%% install, bank loans. These
bank
loans
have since
been reduced to $11,812,500.
Retirement of
and 6% and substitution
different mortgages were accom¬
''
additional provision has been made amounting to approximately 30%
of the amounts accrued during the three months ended March 31, 1942,
$124,483,700 of bonds bearing interest at 5%
at
plished.'-:
the rates
required by existing law.—V. 155,'p; 1917.
—•
of
one
modern
mortgage
for
seven
z.v.-vV;.y:: v
•;V-
■<
..
\
■■Vv?
'
■v:,y
2005
ifr
'.^'.proceedings
Gulf Power Co. on Oct.
15, 1941, received the proceeds from the
sale
of- $5,600,000
first mortgage
bonds,
due
in 1971,
at
/102.2062%, and retired all of its 5% bonds.* Of the proceeds, $3,100 000
are
being used to finance its construction program most of which ;-;
will be for facilities to be utilized in war production.
:
,
Oct. -22,. 1941, received the proceeds from
the sale of $8,927,000
first mortgage 3y«%
bonds, due in-197l, at
102.114%, and retired all of its 5% bonds.
Of the proceeds, $2,750,000
are
being used to finance additional facilities, most of which will be
Mississippi Power Co.
utilized
in
in
1941
Southeastern
Jan.
from
the
at
sale
100.40%/
Alabama
to
its
Co.
Power
mortoffp
investment
in
the
program
Co.
Power
issues
mortgages
tmee
under
thSIunder
m
•
eliminated
were
either
Co.,
•
delivered
were
to-Alabama-Power Co. by Commonwealth and .its property was thereupon conveyed to Alabama Power
Co. and the fuel company dis-:
The
Sept. .25,: 1941.
Tennessee Utilities Corp. then was liquidated, Com-monwealth receiving on that account $3,150,000 which were applied to *
bank
loans
required
as
by
-
their
terms.^
■* '
.*
mother subsidiary -companies .liquidated were: Shenango Valley Traction Co.j New Castle Electric Street
Rwy. Co., the General Corp. and '
Mississippi Utilities Co.
V
\ a'l'
L" "
*
V
^
r„
1"
\
:
"j
*
Additional Investments 1n Common Shares of Subsidiaries
„
.
,
*
.
;
,
Corporation in 1941 and January, 1942, Increased its Investment 1n
the common stocks of its
subsidiaries, without the issuance of additionai shares^.to help their
refinancing and aid construction programs
in the.interest of the war
effort, as follows:' \
Georgia Power Co.—
'Cash
for
Gulf
Co.—
:
-
•-*
first
:
and
at cost
-
cancellation
of
refunding mortgage 5%
to
-•
Gulf
bonds,
Power
due
in
v,..
Total
....
.
.■•-
.
->
•
-
of
oavment
Net
Surrender
forvcancellation
of
747
shares
of
1955, at cost
;.
bonds,
due
in
_
1
Total
South
$3,336,835 '
—
.
nnvmpnt
fi*7l
stock
common
•
in accordance
•
Grand
All
the
Total
———
foregoing
investments
in
conferences
ste£s
the
staff
of
of
with
eye
the
staff,
simplification
subsidiaries
the
SEC
and
We
have
hearings
have
and
been
not
Tofcal
board
applications
always seen eye
on
Electric
and
transactions
in.
,
Electric' facilities
$38,600,000 or 88
transportation
°f
r
the
total
$1,690,000;
J
capacity in service
„
^for
all
.
at
the
end
of
1941
was
"
up
to
2,351,500 kilowatts or 25 r greater than at the. Close of 1937.
In addition,
generating capacity now under. construction^ totaling
410.000 kilowatts, is the largest amount under
way at any time in
the history of company's subsidiaries:
Upon completion of units under construction and scheduled for
-
•
•
,
ofieration
before
the
end
of
1944, the
subsidiaries will be 2,761,500 kilowatts
1937.
of
This
contract
does
from
not
include
firm
total
installed capacity of the
47%, more than at the end
or
power
which
sources,
kilowatts,
through
intprcnnnpctinn<!
additional
or
with
at
were
Treasury
the
on
follows:
31,
1941,
available
power
for
amounted
Under
the
taxable
of
normal
law
1941
income
connection
348,259,370 383,210,033
-
(based
with
the
determination
on
liquidation of
emergency
by'33,673,328
shares of
kilowatt hours
EbvbWp
payable
was
'
and
the
tax,
rates
7%
deduction
Increased
profits
of
taxes
taxation
surtax
and
taxes
profits
excess
before
Sharply
excess
cf
Taxes
accrued
under
35/60%
were
the
misc.
during
the
1941
excess
no
no
of Balance
determined
normal
Sheets,
and
Surtaxes.
due
t
^ ^
within
accrued, $8,232(913
Dec.
Ih
.
31'J.
surtax
stlll
feontaiiv
f,computed'
>
and
50/75%
excess
-
.
profits tax.
,
are
of-* normal
•
and
surtaxes.
Most
to
of
be
received
from
residential
commercial
customers,
which
tax
•
,
.
/The.. Treasury
unintentional
an
increase
proposals? wduTd
burden
of-
50%
on,
utility
over
the
Impose
companies,
1941
rates
a
drastic
and
or
in
and
our
$10,000,000
jt
.
j•
.
your
the
Treasury's proposals
President
filed
with
/upon
that
these
Committee
on
dividends
statement
respect to
will
and
tend
to
increase
decrease
the
Moreover,
the
holding comarising out of its
pressure
such
interest
/
Common¬
as
-&■
taken promptly to revise the capital structure
Under the circumstances it may be doubted whether
company's
management
with the best interests of either
be
cen
class of
regarded
Commonwealth's
its
and
worked
staff,
our
out
the
problems
satisfactorily
one
year),
$4,887,500;
despite
which
the
lie
before
critical
here
us
the
of
nature
to
comment
studied,
but
of
from
corporation
these
first
a
orders
reading
stated
as
the order
upon
the
stated
it
in
and
for
and
opinions
would
SEC
to alter - the ;
stockholders,
/ ; / v?
questions raised
appear not
annual report to
the
follows:
as
the
of
a
rehearing, Justin R.
opinions will be carefully
"Commonwealth has no disposition to litigate, if
Section 11 can be solved through the adoption of a voluntary
plan satisfactory to both the preferred and common shareholders and
conditioned on preserving to the stockholders the full .value of Com¬
monwealth's
assets, including the additional value in the Southern
companies when operated under common ownership.
While this is not
under
the
procedure
when
have
would
we
operating men
for
struction
conscientious
our
which
manner
it
and
and
elected,
engineers
be
can
service
and
will
to
war
determined
all
preserve
accomplished.
would
nor
are giving
production,
intention
possible
Otherwise
choose
we
this
daily attention
nevertheless it
solve
to
values
this
to
time
con¬
will
problem
be
in
a
the
to
stockholders, if
will be litigated to its
this matter
final conclusion,"
,
In further explanation it was pointed out that the
application for
rehearing was filed to preserve the rights of all affected as the entry
of the April 9 order requires the change in capitalization to be effected
within one year or else the SEC has the power either to grant an
of
time
for
compliance or to apply to
appointment of trustees to effect such compliances
a
court
Weekly Output—
weekly
this
for
the,
t
kilowatt hour output of electric energy of subsidiaries
adjusted to show general business conditions of
corporation
purchase
A
for retirement
and
200,675
by
the
shares of
share.
corporation
of
2,345
shares of
r
its
its, Class B common stocks at $15.95
.'
,
,,
t
>
.
United
Gas
—V.
in
offered
by
155,
B
class
shares
common
Co., to purchase the stock.
Improvement Co., which
the
of
stocks,
other
equal
stockholders
1752.
p.
will
amount
an
92.8%
owns
sell
of the
and
class A
Commonwealth
to
Utilities
to the difference between the
and the number to be retired.
c
accounts
amounts deposited for interest and
~
asked
the 8t. Louis County Water
Consolidated Edison Co. of New York, Inc.—Output—
«rpS
pre-
The
Licensed
company
on
May
19
that production of
announced
the electric
plants of its system for the week ended May 17 amounted to 138,200,000
kwh., compared with 137,500,000 kwh. lor the corresponding week of
1941, an increase of 0.5%.—V. 155, p. 1917.
$97>830,099; special surplus jeserve with respect to
sur-
Project No.
349
Consolidated Film Industries, Inc.—Accumulated Div.
The
directors have
account
declared
accumulations
of
$2
25
of
dividend
a
the
on
cumulative
cents
per
preferred
share bn
stock,
no
value, payable July 1 to holders of record June 10.
A like amount
paid on April 1, last, and in each of the four quarters of 1941.
Accumulations as of April 1, 1942, amounted to $10.25 per share.—
par
T
was
than
necessary
15
denied
common
V.
of
AhpnH
155, p. 823.
V,
^
'
'
.
Consolidated Rendering Co.—$1 Dividend—
ever,
in
the public interest and for the protec-
The
motion
order
of
the
corporation
for
ments
1941
—V.
requiring commonwealth to recapitalize
155,
The
(B)
"We
or
to
stay the proceedings until
helpful,in this proceeding.
have
heretofore
Commission
(1)
as
March
follows:
April
17,
p.
1307.
>
18,
May
•
19 and June
and Dec. 24, $3 each.
,
such
study
is
concluded
entered
more
proceedings
that
herein."
than
two
there
-
years
is
I
Bryson Aird has been appointed successor
tures
ago
against Commonwealth.
to
reason
disturb
instituted the Section 11
,
May
15,
1949,
155, p. 1675.
Henry G. Riter,
May
the
-
,
due
covering the
individual trustee under
sinking fund deben¬
Scully, resigned.—
$2,000,000 10-year 3%
to
succeed
C.,
Alison
'
Copperweld Steel Co.—New Chairman-
Consequently the opinion
no
Individual Trustee-^
Continental ^teel Corp.—New
J
was denied.
The Commission held further that progress is being
made toward compliance with the mandate of Section 30,. and
the nation-wide survey proposed by Commonwealth would not
orders
were
stock basis.
V.
that
-
in
motion of Commonwealth
made
dividend of $1 per share on the com¬
9, $1 each; June 25, $4; Oct. 20, $1; and Nov. 28
rehearing on
a
a
March 30,
On
the'indenture
states:
1
the
recent
declared
directors have
stock, no par value, payable May 25 to holders of record May 19.
last, a distribution of $1.50 per share was made.
Pay¬
mon
Holding Company Act of 1935 is a necessary prerequisite to the conduct of the proceeding under Section 11 (B) (1)— death sentence—and:::
be relevant to
of
subsidiary companies, the common stocks of which
are owned
by this corporation and consequently reduce the income of
corporation.
-
be
99.9%
^ 5
f
Licensed Project No. 82, $3,657,081; special capital
Commission's
a
duly
Treasury's, proposals./ The? Treasury proposals if enacted into
law,-would cause substantial reductions in the net income available
for
to
the
Corporation, a subsidiary of the United Gas Improvement Co., will
$3,238,169 which it received from the sale of its former subsidiary,
tin imother opinion handed down In the case of Commonwealth, the
SEC held that neither completion nor partial fulfillment of the utility 1,'
studies and recommendations under section 30 of the Public Utility
•
upon '
Accordingly,,
with
contrary
between
not
are
President,
a
of
May
the
corporations.
a
exist
use
investors and consumers, that
holding companies comply with
section U
(B);;:(2)—corporate simplification—of the Public Utility
Holding Company Act of 1935, the Securities and Exchange Commission
on
earnings. rThis WOuld amount to three times such taxes in 1940.
Viewed both from the position'of Commonwealth and of its
operating subsidiaries it appeared to be our duty to point out to the
Ways and/
Means Committee of the House of Representatives the disastrous effect
.
more
tion
1941
of. the
future,
revenue
Whiting,
Holding that conditions resulting from the national war effort make
is
indicate
baked
near
requirements.
interposed by the
with
class
Rehearing of Hecap Ord^r Denied by SEC—Commis-
.
probably
case
clearly
to
Commonwealth Utilities Corp.—To Retire Stock—
,
°
g:on piarpt; Effiripnt OnprntW TTtilifv ^prvipp
not passed on to such customers.
The Treasury proposes the climmation of the capital stock tax now paid by all corporations.
.
is
The Securities and Exchange Commission approved May 20 a plan for
,
and
it
conflicts
iLVerytning Jc<ise—
the
income *of: the 10 subsidiaries is subject-to rates in high brackets.
Another,, large Federal, tax paid by, public-■ utilities under American
business management is the 3 Vs'/c excise tax on all electric revenues
effort,
war
holding
President Whiting says Company will Fight Case—
the
sion rlaces h.iiicieni uperatmg Utility beryice Aneaa 01
The. pre.sent proposals
.
deduction
-
.
tha^provision that^^ excess prpfits- taxes
before
"19,473.
the
substantial
302,332
1
.
to
»
.
are among
utility consumers, the
efficient service and expansion of
when
dominant
application
_
determining the amount subject to excess profits tax a credit was ?
applied based on.either 95% of the average base period earnings of
1936-1939, or a credit computed on -8% of the first $5,900,000 of
invested capital and 7% onVthe .balance,
>
i >. :,
.j
i-; Federal
Treasury proposals for increased taxes for 1942, now pendlngbefore Congress, contain- the-following rates: 24% normal tax,
says:
territory served for the week ended May 14, 1942, amounted to 197,- /
as compared with
185,983,367 for the corresponding week in.
1941 an increase of 11,318,965, or 6.09%.—V. 155, p. 1917.
31, 1941
5®d i°*daJ* ^am ^iCioQe1o^r0jec!.
®18' $7,685,670; injuries and
da^a® cs
®2>12®-1361 contingencies reserve, $669,521; other
^ 410-7^ rl
Slr,?C
,1a
sulPlus» $1-7,782, surplus (deficit), $4,745,931; total, $1,168,-
net
steps
consonant
of
$4,482,119; customers' deposits $2,138,239;
liabs., $1,017,444; deferred credits, $5,625,699; res. for depr.
,i?a
?
opinion
.
$472,146,871, notes payable
,s reserves with respect to Martin Dam
p
the
if
The
value,
stock dividends pay.,
curr.
as
tax.
the
on
or
(installments
vital
are
the
sound basis.
par value,
par
capital,
1941
law
profits
for
number
banks
time
a
interest to allow
and
dividend
a
'
,h,
^
^
to
facilities
on
■
019,473.
use
its
in
extension
by the f
Tennessee
iHK-'v.*
Co
to
nthcrs
Proposes
income
basis
24%
in
-
f6rred
Federal
—
possible loss
available under lease and
Dec.
'The electric output for 1941 of 10,800,000,000
fhP
'
the hiphftRf- nf cnhciHinrip^ in ntiv year.
highest of subsidiaries in any vpnr
The
127,782
2,110,582
,
outside
248,500
V,-
15,100,000
including intangibles, $1,057,736,696; other
physical property, $4,470,213;
investments
in
securities, $1,116,813,
sinking funds and other deposits under indentures securing bonds of
subsidiary
companies,
$5,031,948,
special
deposits,
$136,802;
cash
(including working funds of $441,541), $24,333,084; U, S. Government
and Federal agencies' securities, at
cost, $14,511,046; U. S. Government tax anticipation notes, at cost,
$3,671,432; accounts, notes and
interest
receivable, $16,511,214; reserve
for
uncollectible
accounts,
$2,458,618; materials and supplies, stated at average cost, $16,120,641;
prepaid taxes, insurance, etc., $995,002; deferred debits, $22,217,890;
preferred stock premium, discount, commission and expense, 8659,109;
appliance connections installed on customers' premises in process of
amortization, $1,290,172; railway property losses in process of amortization, $860,693; miscellaneous deferred
debits, $815,334; total, $1,168,-
expenditures; gas facilities $2,950,000;
other such as water, steam, ice,
and
15,100,000
Consolidation
,
accounted
11,821
352 616
1,306,518
Assets—Fixed
expeditiously.
•
,
.
Approximately $43,700,000 were expended oh additions and improve-
etc., $460,000.
,
59,268
estimated
Commission
industries
war
"at
denying
945,324
40,417
liabilities—
-
directors)
Power
'v<
88,247
11,329
^Represented by 1,500,000 shares of
the process
to be tarried out
for
.fRepresented
,
but
ultimately arrived at common underwe have gained respect for their con- sqientious ahd untiring efforts and appreciation for their helpful cooperation once an understanding had been reached in
enabling the'
standings
of
the
——
218 437
—
.'Reserve
after
contentions
that
held
Commonwealth
46,136,000
~
surpfus"
additional
taken
and
adds if more than one year is required for
compli¬
order of April 9, 1942, that problem can be considered
application by Commonwealth.
"We are satisfied from our
experience with other systems that, with reasonable cooperation between
150^00,000^
168,366,640
1,700,000
127,782
—
con-
respondent
The Commission
orooiooii
surplus
$26,991,519
_____
corporate
shares
common
with
in
and under orders of that Commission.
to
^Reserve
Earned
$2,317,482
these
out
public
ance
348,259,370 383,210,033
—__
-
Capital
—i——.———i..
——.——
of
to
corporation's position
III————I_IZ_
Miscellaneous current
other
valuation,"
later uppn
286,075
:
-
and
a
effort
stock."
4,425,000
187,360
11,300,000
payable
and
arguments
When
^^^Uo»uU«s
i
150,000,000
taxes
Dividends
time
raise squarely an issue which is of
paramount im¬
the power industry at this time,
namely, whether compliaftce with the
statutory mandate -of Section 11 <B) of the Act
necessary and desirable as an integral part of the national war
effort,
or whether it is
inconsistent therewith.
We have no doubt or reserva¬
tion as to the answer,
expressed in our recent report to Congress, that
$
168,366,640
interest
Accrued
"Economic
impracticable
the
,
,
3,700,093
——___—
banks
to
alleges:
make
that
now impracticable
by Section 11
outstanding preferred
presented
and
companies, and their officers and employees, be
.and the business of supplying war industries rather
war
Answering
"These
as
in
'odftosQTTn
payable
requires
issues
assets
than to the complex problems and extensive
hearings necessary under
11 (B)
(1) and 11 (B) (2) with respect to plans thereunder,"
and'-vthe recapitalization of respondent is not
necessary to the proper
operation of such business by respondent's subsidiaries." :'?v
1940
1,325,000
_
——
Accrued
Sept. 10, 1941, at—1,600,000
Sul-render for cancellation of 11,302 shares of
Alabama
Power Co. preferred stock at cost to Commonwealth of
717,482
Total
______
dlvidends receivable, etc.
_______
with the SEC order of
-
securities-
.
Notes
Delivery to Alabama Power Co. of all the
and obligations of Southeastern Fuel Co.
'
,
ll,ou$,oo
—
tCommon
Long_term
debt
n^n
671,050
it
to
as
its
subsidiary
ages
"
331,182,049 355,233,550
tPreferrcd stock——
nt
payment of—
„
Alabama Power Co.
of
because,
uncertain
interest
the
on
wealth's
Capital stock:
J
-
thereof,
present common stockholders may have in the enterprise can
hardly fail to suffer through further accumulations of dividend arrear-
Liabilities—
—
Carolina Power Co.—
■Ciish
-.
.
support
Sections
can
————
Total
3,020,606
in
times."
$
uPLerr»L
v.
4
.
mortgage 5%
Commonwealth of j;
to
.
given
1941
Delerrcd charges
stocks
so
to
sidered
^
.
66,229 v
hearings
the valuation
pany's corporate
f
c.
its
fixed
4,498,872
was
filed
company."
The opinion continues: >"If there were
any need for further proof
of the advisability of
clearing away Commonwealth's preferred dividend
arrearages and recapitalizing the company on a common stock
basis,
it may. be found in the
very circumstances which are urged here as
arguments against such a step.
Tax increases, presently being con¬
.
—^
Federal agencies'
Mississippi
,
Assets—
voSu
nrin
*
Power Co. preferred stock at cost to Commonwealth of'
Surrender for cancellation of
$3,031,500 Mississippi Power
Co. first and refunding
;
,
Investments——
w
*
and
consumer
$7,377,073
statement
are
devoted
.
with
on
public
objections
Balance Sheet, Dec. 31 (Company Only).
•
and
common
the
3,157,861
4,498,938
.
income
823.
p.
(1)
power
340,115
->
brief
..
Rtft
$7,149,989
-
,
M
$1,995,955 '
i?
1
consolidated
155,
forward
go
Pointing
».«£»>
dividends
H
925,600 *
to
Commission
'
1,897,708
income
preferred
The
■___
_?
to ooa
the
to
us
the
the
present emergency and the need for
rapid expansion of the
Nation's war resources have served to reinforce the
desirability of a
rapid compliance with Section 11."
4
■
'
■
1040
«■>—196,191
,
"
■
...
(Company Only)
and
•
examined
,
no
—
for
portance
Apr.
.........
.—
lead
have carefully
April 9."
»,
i
rThe Commission says the petition raises one
question which merits / 1
concerning the practicability of going forward with the
proceedings at this time. .%,?%;///..•'.V'-'-'P::Commonwealth advances the argument that it is
"the
can
inpftW0
rehearing
a
contents
"We
says;
discussion
(B)
.
,
'
810,000 :
1968,
...
.
Taxes
19,355
—
Mississippi Power Co.—
.
Income Account for Calendar Years
Co.
■
,
.
250,000
-
Commonwealth of
-
Cash
$1,157,000
has
11
of
ditions
Deductions,
•
'
/
for cancellation of 143 shares of Gulf Power
Co. preferred stock «t cost of commonwealth of——J
for
Section
for
.
believe
that
the
petion was filed
purpose of preserving Commonwealth's
legal rights
the event that it should decide
to seek judicial review of our oi'der
in
and
requested the Commission at that
.
on
their
.
Commission
-
-
Surrender
Surrender
subsidiaries, Alabama Power
Co., Mississippi Power Co. and
iqai
*1fl
/<•.
■
Co.
petition
and
southern
Power
14, 1942, filed with the SEC an applirehearing in order to preserve the rights of all affected by
for
■:
,
$ia, R70 1Q7
0/0,13/
indebtedness.-
'
..
disposition to litigate if questions raised
be solved through the adoption of a voluntary
plan satisfactory to both the preferred and common shareholders and
conditioned on preserving to the stockholders the full value of Commonwcalth's assets, including the additional value in the southern
companies when operated under common ownership.
While this is
nbt the procedure we would' have elected, nor would we choose this
time when operating men and engineers are giving daiiy attention to
construction for rand service to war
production, nevertheless it will be
our -conscientious and determined intention to solve this problem In a
manner which will preserve all possible values to the stockholders, if
it can be accomplished.; Otherwise this matter will be litigated to fta
linal conclusion.
^:V"
Tht
of
of
five
Gulf
.4,332,878
_—
payment
its
*
>■
Commonwealth
j >
-
Cancellation
-
<
corporation
under
$14,3.37,319
_______
_______
—...
Power
:Cash
;
_
.
cancellation
of 53,286 shares of Georgia
preferred ptoek at the Stated ,value. of
Power Co.
Total
xotai
-
;
of
payment
Surrender
.r.
•'
-
grant an extension of time for compliance or to apply to a court for
the appointment of trustees to effect such compliance.
[The SEC on
May 15 denied the company's application for a rehearing.]
Accordingly, the sale of the remaining 7
consisting principally of Nashville Coach Co., Lookout Incline >
Co* mhd "Chattanooga transportation properties, was completed
assets,
installment
*
1
.
Co.,
Power
-
the
opinion the
primarily
the entry Of' the order, which requires the change In capitalization to
be effected within one year or else the SEC has the power either to
-
affiliated with Commonwealth.
outstanding
•
retain
Carolina
cation
Tennessee Utilities Corp. was ordered, by the SEC, to be sold or to
dispose- of its assets on or before July 1; 1942, to interests not
Commonwealth's
1941.
Power
capitalization.
soived.
Ry.
and that common stock.
Commonwealth
formulated a plan, which was filed with the
Amendments that might be
-On Apr. 9, 1942, the SEC
issued fln order requiring Commonwealth within one
year to come to
one class of stock' and that common stockSuch order also Provided
lOT the consolidation of the integration proceedings and the corporate *
simplification proceeding,-so that hearings could be held
concurrently
in both proceedings, on thecorporation's plan and any other plans 1
which might be proposed for the purpose of effecting such change in
-accomplished.
obligations
Georgia
south
through sale or liquidation,
■Southeastern ^Fuel Co; common stock .and
an
stock,
time to hold hearings thereon, and any
ProP°sed»
hearing has. been had,
for
Eight subsidiaries
for
/In its
determined to take up the motion :
order requiring that Commonwealth
,ln filing the plan Commonwealth
bvTPO*er Codrew5i8
fundi
treasury Tunds for. 5£167617VclJsiveof acorued interest.
$5,167,617 exclusive of aSrued^nterest
treasurv
July 2,
on
of
motion and
Commonwealth
cancella-
and
wwe
counsel
class
one
.
.The plan provided that Commonwealth
would liquidate and retire all
outstanding preferred stock by distributing, through an offer to
its preferred
shareholders, the common stocks of Consumers Power Co., ;
Central Illinois Light Co., Ohio Edison
Co., Pennsylvania Power Co
and southern Indiana Gas and Electric Co.
The plan provided that
i^Sue of^bonds0 nndw &a
<fx
for
refunding
Alabama
The
Commission on April 9,
1942, entered an order directing Com¬
to "change its present
capitalization to one class of stock,
namely, common stock
within one year from the date
hereof,
without prejudice' to its rights to
apply for additional time for compllance with such order."
monwealth
0f its
was not completed >
received the proceeds
of $80,000,000 first mortgage 3l/2%
bonds due in 1972, .<
and also from $12,000,000 of .-2%%
installment bank .=
when
to
SEC
-
The
Co.
1942,
Commission's
come
up
delivered
Fuel
23,
4°®: and6
mbdtrn
Son
0f
tHe Commission
1941,
opposed this
the day nfter completion t»f the Gewgia Power
with the SEC the matter of refunding its
As part of this refunding
program, Common-
financing, took
outstanding bonds.
until
Jn June,
>
Powei1-Co.,
Alabama
Co.
wealth
on
production..
war
Before Securities and Exchange Commission
SEC, in March, 1940, commenced integration proceedings under
11 lb)
(1) of the Public Utility Holding Company Act and in
April,
1941,t commenced 'corporate
simplification proceedings under
Section-11(b) -(2),.
\
v/
The
Section
*
Steel
He
3d, of New York, senior partner of Rit<lr & Co., on
18 was elected Chairman of the board of directors of Copperweld
Co.
He has been a director of the company since July 1, 1930.
succeeds
William
Production Board.—V.
K.
Frank
155, p.
who
1832.
resigned
:
_
••
^
to
serve
^-v. ^
on
the
War
->
.
THE COMMERCIAL & FINANCIAL CHRONICLE
2006
'
Continental Gas & Electric
.Period Ended Mar. 31—
,
,
-SubsidiaryOperating.Companies:?
Total operating revenues
Total operating
.Net.
-
.
.
1942
-
i
v
-
.
,
"
"■
■■
$5,000,000 to acquire shares of its outstanding
stock on the New York Curb Exchange.
J.
Balance
by public,^ etc.-—
1
——.
$6,193,948
$7,074,913
5'
i
.^Continental Gas *& Electric Corp. (exclusive
v
;
£2"
of income fro^subsidiariesit^
'i v" ;
''ys-y^.r'
Total interest, taxes, etc...
—
2,954,990 ;
Dividends
prior preference 'stock^-^^-^^^:
on
Burnings
An
$2,813,210
} ?J* $8.95 •, V $13.12'
period are based on rates
(irescribed by the Revenue Act of 1941.—V. 155, p. 916.,,
'
per share of common
,Note4-Pederal
'*\2&
income
for
taxes
•
-
\
current
:
Cuba Northern Railways—Interest—
holding company,
a
of the SEC.—V.
^office, of National City Bank, New York.—Y.155, p. (167§.
The
directors
the
Earnings
1st preferred stock„
per share on 7%
weeks
income
net
ended
before
April
-$114,852
$6.17
-.
$8.67
amounts
to
'interest,
depreciation,
Federal
■*>[ •<■■■■'
tax
income
other
pated.—V.
155,
No liability for
payable
with
1, last year.
dividends
extra
of
$25
dividend
a
share and
. ;V
per
1053.
p.
Federal Mining &
share on the
The directors have declared a dividend of 25 cents per
.common stock, payable June 15 to holders of record June
pares with 35 cents paid, on March 16, last.
Distributions
,as follows: March
15, 35 cents; June 14„ 40 cents; Sept.
and Dec. 15, 40 cents.—V. 155, p. 1832.
"
<
,
5. This com¬
in 1941 were
13, 35 cents;
.
11 Derby Oil & Raining dorp.—
.of
accumulations
Tons
July
on
on
of
$1.25
Jan.
the
?Net
Dividend--^;
15, 1942,
a
stock
common
share
Dividend-^'
;
;
15.
A
1941
similar
were
April
18
and July 26,
50
cents
per
share.—V.
—V.
154,
-N
Domestic Finance Corp.- (&
Year End. Mar. 31—
•
^
$1.90
-
taxes
made
was
been
known
as
toward
pressing to
vs.
trial the
Canadian
Pacific Ry.
.
the
for
♦ 310,068
a
Other Richmond
\;
p.
Edison
ZZZZzz^'Z-
as a
Vice-President and
as
manager
of the Richmond
*
Co.—V.
'
W
V
rc-^-*v
*■
155, p.
1833.
,
■:
155,
Like amounts
-1*.
were
distributed
"Period End. May 16—
been
elected
to
the
on
,
.
V. 155, p.
•
production
to
in
Accordingly,
program.
the
directors
and cancelled."—V.
Northern
to
issue
*
on
hand
'
the
power granted by
obligations has been
secured
155, p. 361.
Ry.—To
Pay
$1
office
of
Dividend—New
x~z'z^*rr'' *
of
;
(capital) stock,
of
t:ZZ?'*ZZvvZf.
'
■
;,;vx
■
Greenwich Water System, Inc.
'12 Mos. End. Mar. 31—
Dec. 22,
Gross
Gross
"and
(& Subs.)—Earnings—
1942
800,317
and
$1,307,186
732,387
$539,758
—_—
expenses
1941
$1,340,075
$574,799
:"
earnings
taxes
income—____—
Interest,
Assistant
of debt disct.,
amort,
etc.,
expense,
premium
(net)
of subsidiaries-
'
——1—
:
,
94,221
93,905
9,790
11,515
$435,748
$469,379
:
I..
Balance
,i".
Interest,
•
1942—3 Mos.—1941
Federal
taxes
and
t
$1.04
the
best
first
previous
-
:
■
.
•;$0.83i
preferred dividend
half
-1941
.
Amount
7,632
Pet.
-
5,615
58,813
June
^
5.
no
Mar. 31,
year
in
1942,
$717,269
$1.69-,
i,
$474,878 :
^
$1.11
•
requirements.
are
company's
107,495»
93,077
14,418 '
-
98% greater than
history.—V. 155,
dividend of 25 cents per share on the ;
paid 50 cents per share, each quarter.—V. 152, p. 3342.
June
"•'
10,
1
.
;
■
order ^entered
owner
.
/- .v.
'
May 14 denied the application of
of 7,000, shgres' of common ^stock of company to z
155, p. 919.
Operating
Gas Light' Co. -Earnings—
April 30—
.—
1942—Month—1941
/»,
^
:V
revenues
$44,947
V V 29,180
a dividend of 10 cents per share >
1 to holders of record July 18.
paid on April 1, last, as compared with, 15 cents <
per share on April 1, July 1 and Oct. 1, 1941.
•
>
.The directors also declared the regular quarterly dividend of $2 pershare on the $8 preferred stock, payable July 1 to holders of record
June 20.—V. 155, p., 1678. ;•
(■r
i \ - '•
t -r.
-t't;
A
the
like
May 19 declared
stock, payable Aug.
on
common
amount
-
$44,582
8,083#*'
1942—12. Mos.—1941
i
$554,077
••
•
28,007r
^
'51.799-,; " 2,305;
—
Non-oper;- income; (net)
1
$548,881
30,055 -'■£
'
) "7,839>'
*
358,646"t v -341,483 '
:-
'
86,153^
34,635 V
• 87,171
•
$5,885* */-■$6,431Z'%
i*
" $79,222
>
^
-1,-940; '
^110,572
«;
'l,087
#
vr- > ^
$85,593 5
10.714 )
/Balanc^
1596,307
Retirement reserve acc.
,;>i
Gross income,
v
Interest charges'
General Baking Co.—10-Cent Common Dividend—
.The directors
on
vention^irt Stock Plan— \
End.
Gperationt-.iii.i-V-1
extra dividend of I2V2 cents per share
the
1941.—V.
the
par
;
regular quarterly dividend of 12% cents per share on the r
common stock, both payable June 15 to holders of record May 29.
Like 1
amounts have* been paid each quarter since and including March 15, ;
v
*
an
-$233,805
distribution
par
;The directors have declared
and
on
stock,
similar
.Period
-r: ;
Gaylord Container Corp.—12V2-Cent Extra Dividend—t
.*15.5
.
.
235,774
$10, payable June 20 to holders of record June 5. '
was made on March 20,
this year.
Payments '
in 1941 were as follows: -March 20, June 20 and Sept, 20, 25 cents"
each; and Dec. 20, 5(T cents.—-V^155j ^. 696.f ' ' ' % ^
J
* '
'
; *
A
V
any companies
>
,
239,363
The directors have declared a dividend of 25 cents per share on
common
11.1
i
(net)
$198,385
—
company
4.0 ;
a
premium
155, p. 1511.
value, payable June 15 to holders of record ,1 Maintenance
From March 15, 1941, to and including March 16, 1942, the :
Taxes
stock,
common
:
declared
debt disct.,
etc., of company__^___________
Net income
-V.
; Haycrhili
The directors have
of
amort,
expense,
Hammernfill Paper Co.—25-Cent Dividend—
1942—6 Mos.—1941
-
$355,903
Foote^Burt\Co;^Gommon:Dmdend Reduced—
; r
Electric Bond & Share Co.—Stockholder Denied Inter-
an
and
$2,567,175 $16,138,077 $12,461,291
$441,381
Sales far the six months ended
for
•
IllCrCfiS6
* '•
^
141,498
-
.■
—
•
——
.
:1942—20 Wks.—1941
-v-.,:!
-■
! ;:y.
-V*
earnings
♦After
1941, and in June'and December, 1940.—V. 155, p. 1833.
Samuel Okin,
now
z■ ^ ■;
Witherspoon, Chairman of the Board of The Old National s
Seattle, Wash.* has been elected a director to fill out the
unexpired term of Vincent Astor, who resigned in December, 1941, to *
enter the service of the U. S. Navy.
v -zy r.z
z^-z-:zz
A. II. Lillengren has retired as purchasing
agent and is succeeded by "
A. N. Crenshaw.—V. 155, p. 1753.
V'
operation compared with 72 for last year.;
1
' '
'
•
1678,
Earns.,per,com. share__.'..i'■■■:
-Pm '' ;
distribution was made on Dec. 10, last, as against 40 cents
in
business
Minority interest
$3,142,989
There are 77 stores now in
■■■ v.
SEC
-
orders
open
W.
A.
Bank
March 31,
,
Electric Boat Co.—50-Cent Dividend—
..The
'
•
-
and
exceeding the greatest previous
the history of the company," Mr.
Oct.; 1 and Dec. I9r 1941.■"Jy:4
and its
4
1942-^4 Wks.—1941
Sales
The directors have declared a dividend of 50 cents per share on the •
capital stock, payable June 10 to holders of record May 27.
A similar'
j
;
date
-dollars,
no par value, payable, June 22 to holders of ;
No other payment was made this year.
v
Distributions of 50 cents per share were made on April 1, June 25,
"
i
our
Operating
Food Fair Stores, Inc.—Sales Higher—
v
'
The^bove figures do not include the system inputs of
not appealing in both periods.—V. 155, p. 1918. "v' *'
v.'
million
of
stockholders
Preferred
737.
p.
C. Trotter has
Secretary.—V. 155, p. 737.
—^-Thousands of Kilowatt-Hours^--,
National Power & Light Co._^
:
4
1942'to
year
record May 26.
C., to the position of
General Counsel for this company
Jr.,
-Period End. Mar. 31—
;
•
ZZ-y
•Operat. Subs. o£-— »■ i. 1942 •
American Power & Light Co._
147,113
'Electric Power & Light Corp.
76,445
.
the
several
•
manufacturing companies holding prime contracts
Director—-:i r- ':w
rThe directors on May li 'deciared a dividend
;
Fire Association of Philadelphia—New Officer—
♦Net
"-V
r
from
for
Great
s
Food Machinery Corp. (& Subs.)—Earnings—
were*«s follows:
*
and
volume
finance
branch,
-
10 cents per share were paid on June 30 and
Extras of
1941.—V.
ing companies of Ebasco Services, Inc., which are subsidiaries of
'American Power. & Light Co., Electric Power & Light Corp., and
National Power & Light Co., as compared with the
corresponding we^k
*
4
Communications
volume
surrendered
;Tbe directors on May 14 declared an extra dividend of five cents per f
the regular quarterly dividend of 15 cents per share on the j
class A and class B common stocks, par $5, all payable June 30 to •
director, effective
a
tHe week ended May 14, 1942, the system inputs of client operafc-
)during;1941i-
war
said.tj %
:
*>**:-*'''y z- "
:"AdeqUate ;bftnking. .ftnd ;credit ^faciUtIes'' have ^een- ai:i'anged- to
■«
■
Finance Co.of-America at Baltimore—Extra Dividend
;
concentrating, in
mtmars
•
share and
1676.
Ebasco Services Inc.—Weekly Input—
For
:
plant capacity
company
annual
;
the American Bonding Co. of Baltimore, has been elected an •
additional Vice-President of both companies.—V. 155, p. 824. t
also announced that because of ill health T. S. Grasselli
155,
;;.:H
of
with the Government.
promotions also announced were: Fred C. Cochran,
Bowie,
-Washington
It states that
East Missouri Power Co.—To Sell Bonds—
V.
90%
about
on
♦of, Cleveland has resigned
Missouri
with
subcontracts
affiliate,
interest guarany suit
case.
possible an estimated saving of' 10,000,000 pounds of
1,700,000 pounds of steel yearly, was announced by the
18.—V. 155, p. 1678.
-
has several prime contracts with, the Army,. Navy and
Commission running into a very substantial
covering products ^designed by Gray' company
engineers in conjunction with engineers of the Army and Navy, the
letter said.
In addition, the company has a substantial volume of
•
.
.
May 18 declared, a dividend of $1 per share on the
common stock, par $20, payable June 13 to holders of record May 25.
This compares with $1.25 per share paid on March 14, this year, and
with $1.75 each: quarter from March 14, 1940,- to. and Including Dec< :
13, 1941,
£3
"...
'■y',
The
dollar
aggregate
■
Murdoch, formerly special agent at Raleigh, N.
Assistant Manager.-* '
' *
(E. L) du Pont de Nemours & Co.—Dividend Reduced
6ee
$455,876
"
-r';
.
of%
Federal
dividend of $1 per share on the com¬
Cannon, who has retired.
last.
r
$606,010
work, according to a letter sent to stockholders by Walter E. Ditmars,
President.
■
; 'Z
o "
,,
•%
a
"Sales
10 years
past
.Kenneth
'••'•••"
332,322
formerly assistant manager, to the position af Manager, and George H.
the 5s.
Several large insurance companies have filed a motion for
leave to intervene in the suit with respect to their holdings, and the
committee urges other holders who are not already represented to move
for intervention either through own counsel or through trial counsel
Or plaintiff in the suit.—V. 155, p. 1833.
.
—Jan; 1 to May 7—
1942 vO v:
1941"" 5
1941
$25,200 •
'
makes
equipment,
>Z^1" .t \
of
The company
1942
$28,450
,.
1919.
and
*
ZZ:-:-'
holders of record June 20.
May 31.—V.
*
Florid^ RR^^arnin^^
-.—Week End; May 7
p.
.
to holders of record May 29.
A similar
March 20, last, and in each quarter during
on
.
opinion of counsel this .litigation is well founded and constitutes^
.the most readily available avenue of substantial recovery by holders
;* The directors
application
'.'cS'' :'■■■'
•
in. the
V;,
the
on
company
served
points out in a letter to holders that its recent activities
directed
the McCulloch
hearing
Gray Mfg. Co.—Now 90% War WorJ^?':
1,472
100,00
824.;
p.
succeeds Arthur M.
Duluth South Shore & Atlantic Ry.—Interest Suit—
mortgage 5s, of which John R. Hattsteadt
have
-
on
The committee for the first
is Chairman,
for
30,200
has announced the appointment of Fred C. Robertson
Resident Vice-President in Richmond, Va.
Mr. Robertson, who has
as
*$950,801
$2.14
and taxes including excess, profits tax., cash; iand
notes receivable comprised 97.85%
of total assets of $13,822,039 on
Mar. 31, 1942.
Cash on hand and in banks aggregated. $2,491,310, and
notes receivable, less reserve for loss, amounted to $11,033,200.
Net
worth of. the corporation increased from $6,957,532 to $7,666,993,
a
gain of $709,461 during the year.—V. 155, p. 1509,
.'
•
the
■
4
.
.i
$410,068
Fidelity & Deposit Co. of Maryland—Promotions—
"After all charges
*
portfolio will be pledged with
1
1
v'".W;';' ' V:■'•"■v
'
June
-
1,526
stock, payable June 19
The
'
*
35,372
the
1941
$919,706
x
shares—
rubber
$612,322
income-:—t280,000
:
1941.—V. 155,
'fZZZ.'ZZ
'
Subs.)—Earnings—••
common
"
company on May
v.:
1942
310,000
per share on
Federal
for
distribution
25,
Oct.
-.
'
Earnings
V
(B, F.), Goodrich Co^Develops^New^H6eL-^r;?*'
i
1941
«
—
income
mon
'
•
=
J
.
155,
of. which
1942
«
produced.
product produced by lessees—
$1 Dividend—
;,The directors have declared
Payments in
cents each;
25
6# in stdCk.-^-V. 155, p.: l833.
'ii-j
v
last.
distribution was made on March 28,
follows:
as
1213.
p.
General's
set
V
-
directors have .declared an interim: dividend ;of. -50 . cents per
share .on the common stock, payable June 29 to holders of record June
The
.50 centsV and Dec, 29,
155,
in
loan.
has
Operating % rgvenue^...,
.
'
Doehler Die Casting Co.—50-Cent
the
the
on
depreciation but before deducting depletion, Federal taxes on
income and year-end adjustments,
"
ZM
tBased on 1942 tax rates proposed on Mar. 3 by the Secretary of
the Treasury to the Committee on Ways and Means of the House of
Representatives,' but assuming no change in the depletion allowance"
under the present, tax law.'
;
"
.
,,«.v ,
...
^
tAfter depreciation and provision for Federal taxes on income but
before depletion and year-end adjustments.-
on
$l?each, And Dec.x20, $2v-^V#155, pf 823.;
■
as
1, 1952, have been called for redemption as of July 1, • >
1942, at, 105 and interest. Payment will be made at the Central Han¬
Bank & Trust Co., trustee, 70 Broadway, N. Y. City.'
On May 15, 1942, $29,500 principal 'amount of the bonds previously
drawn for redemption had not been surrendered for
payment.—V. 154,^
p. 1377.
• - ?
• • ■
- ■ v. ;.,,
..
♦After
June
record
others
secure
Commission
1 Georgia &
per
concentrates
Provision
dividend of $2 per share
holders of
to
1
.
.
account,
the $4 cumulative convertible preferred stock, no
on
payable
of
Tons of shipping
♦Net
income
15.
A similar
distribution was made on this issue on March 28, last, while during
1941 the following payments were made;
April 1, July 1 and Sept. 30,
value,
par
holds
over
Smelting Co.—Earnings—
Quarter End. Mar. 31—
*
a
International
Development of b nevr type1: rubber
Cutler-Hammer, Inc.—Smaller Dividend—
■V The director*) have declared
which
Co.
,A^ total of $76,500 of first" mortgage 5-% -:40ryeaiv sinking fund gold z
'
.
Service
Water
bonds due July
1 to holders of record May 18.
This
dividends of $1.50 per share paid on
On Dec. 1, the company also distributed
June
semi-annual
June 2 and Dec.
Federal excess profits tax is antici¬
*
*
*
'&»'
1832. •'
p.
while
paid... Distributions
declared
have
stock,
compares
.charge^*, The charge for Federal income tax has been computed at
the rate of 40 %.
—V.
with
to
The
Period—
common
all
banks
May 13 declared a dividend of 25 cents per share
stock, payable June 1 to holders of record May 21.
directors
The
1
and
California
of
rendered
Essex Company—Smaller Distribution—
16
and compares with
$268,985
.$151,1J$ for the corresponding period of 1941.
"After
■
Jan. 15, 50 cents, and March 1, June 2,
Sept. 2 and Nov. 25, 25 cents each.—V. 155, p. 737.
•*
provision for Federal income tax for the
1942,
18,
stock
security for an advance to General in the amount of $385,700 and to. v
extend the maturity date of such advance until after the banks from j.
which General will borrow have been repaid. The securities, thus sur- :
during 1941 were as follows:
■
The
•
year.
loan
subsidiary,
.
"
on
common
dividend of $1 per share was
1941
C ;Netv income-.^—^*$161,391
the
of
General's
G00rgia»Caroliiia Power Co.^^nds Called-rr v
A like amount was disbursed on March 2, last,
" 1942
each
from
Ely & Walker Dry Goods Co;—25-Cent Common Div;
'
'
\
five-year bank loan aggregating $2,100,000 on its promissory notes..;
is to vary from 2Vn% the first year to 3'/a %
the fifth, in¬
,
together with additional funds to be received
Boise Water Corp., in a settlement of its ;
indebtedness to its parent are to be applied to redemption and retire¬
ment of $2,832,000 of General's 15-ycar 5% first lien and collateral •
trust bonds, due June 1,1943.'
• iV
^ .-r
In; connection with i the", transaction, Jnternatlpnal Utilities' Corp.;. >
parent of General, proposes to surrender 20,000 shares of common
Storage; Battery Co.—50-Cent Dividend—
voted' to omit the quarterly dividend ordinarily
payable about June 1 on the common stock.
A quarterly distribution
of 25 cents per share was made on March 2, last.
; '
In addition to the fowrregular quarterly payments of 25 cents per
share made in 1941, an extra of 50 cents per share was paid on Dec.
29 of the same year.—V. 154, p. 1630.
on
.
,
Interest
creasing Vi %
Electrographic Corp.~-Dividend Omitted—
of National City Bank, New York.—V. 155, p. 1676.
-
,
General Water, Gas & Eleetric Co.—Bank Loan—
The directors have
Cn&hman's Sons, Inc.—Earnings—"
;
hourly employes on the company's payroll in the
approximately 235,000 during the month of April,
announced.—V. 155, p. 1919.
• >;
was
The company in an application filed with the SEC proposes to obtain %
withdraw
1941, & distribution of $1 per share was made.—V. 155, p. 167£.
;
^
The average number
and
States
was
a
The, directors have declared a dividend of 50 bents per share oni the
stock, no par value, payable June 30 to holders of record
A like amount was paid on March 31, last, and, each quarter
from March 30, 1938, to and including Sept. 30, 1941, while on Dec.
23,
on 'June T, 1942, in accordance with a tran¬
sitory..'provision of the constitution of Cuba, effective June 4, 1940,
,and,the procedure for deposit, of $5 per $1,000 bond on surrender of
.the June 1, 1942, coupon for Cuba RR. first lien and refunding mort¬
gage gold bonds, series A 7%% and series B, 6'Zt, extended to 1946; and
$19.33 .per $1,000 deposit receipt for said bonds ($4.78 interest pay¬
ment, $14.55 principal payment) to holders of record at the close of
business on May 22, 1942.
Interest is payable on the bonds at office
16 Weeks End. April 18—
salaried
it
June 9.
!. 'Payments, will be made
2- •
of
United
common
"Cuba Railroad—Interest—
■'
Government considers essential to the war effort.
1918.
p.
;*Revised-;iigure;^';'W'v
Proceeds
Electric
will be made on June 1, 3942, in accordance with a tran¬
sitory provision of the constitution, of Cuba, effective June 4, 1940,
end the procedure for deposit, of $5 per $1,000 bond on surrender of
the June 1, 1942, coupon from first mortgage gold bonds, 5 Va % series
'*>f 1942, due 1942; and $19.33 per $1,000 deposit' receipt for said bonds
»($4.78vinterest payment, $14.55 principal payment) to holders of record
«t" the close of business on May 22.
Interest is payable on the bonds
•
and thus to
155,
r
•
April
during
During the week ended May 2 total General Motors hourly rated 1
factory employment in the United States was 185,446.
These factory •
employes'are engaged in the manufacture of war materials and of
trucks, Diesel locomotives and other civilian requirements which the j
-
Paynients
at
.
the SEC
the supervision
itself from
Canada
.
court
a
and
.
Power &
American
declaration that it is not
a
":v%V;:V*/-V
for
file with
to
Co.
the
of
*1,320,053
1,320,053
-v
order to compel the Electric Bond &
a plan for divesting itself of control
Light Co. and Electric Power & Light Co.
was filed in New York Supreme Court May 18 by Samuel Okin.
•••*'••'
The plaintiff asked the court also to direct Bond & Share to file with
the SEC an application for an order declaring the company not to be
a
holding company under the terms of the Public Utility Holding
Company Act. He said that the company had refused to file a plan for
divestment of control over the two subsidiary holding companies. Such
a plan, he said, would permit the
company to file the application for
application
Share
$4,133,263 !
Consolidated balance
preferred
Opens Suit to Force Company to Drop Units—
2,941,649
$3,238,957
-Consolidated net income__„^___.
<
$6
v.'-'-
*
,
r
$5' and
'
materials from General Motors plants In the United
war
reached a total of approximately $112,000,000, representing an increase of $17,000,000 over the month <
of March. - A summary of deliveries follows; •» ,, r
^ *
*
;•
v :
; o
April, '42
March,'42
.
'
Feb. '42 •
Jan. '42
-j"
;
$112,000,000 .
< $95,346,412
$84,084,535
: $78,048,424'
J
: t-. ;1942::
.1941———r-—--r—
1st Quarter
4th Quarter
3rd Quarter
2nd Quarter
1st Quarter
♦$257,479,371 $158,469,698 t f; $115,879,493 V , ^ $75,180,914 v
$56,619,168
May 13 filed suit: in Federal Court at New York- to
enjoin the SEC from enforcing its rule, prohibiting registered holding
companies or their subsidiaries from redeeming any security of which
they are the issuers without authority of the Commission.
Mr. Okin on March 24, 1942, filed an application to intervene in the
proceedings on his own behalf.
$10,137,214 $11,843,221
3,943,267
4,768,309
.Total net earnings
,
Deliveries of
States
;Mr. Okin "on
•
General Motors Corp.—War Deliveries Higher—
;
tion in the
$40,205,683 $39,930,578
30,138;651 ' 28,151,737
earning? from utility operations.,.-.
int. and divs, on securs. held,
the company in respect to the purchase
preferred stock, but granted him the right for limited participa¬
proceedings at the discretion of the trial examiner.
The ruling was in connection with an order of the Commission on
the application of Bond & Share covering a proposed expenditure of
of its
1941
-v'
$10,067,032 $11,778,340
Other income'^
70,182
64,381
;
:
intervene in the proceedings of
Corp., (& Subs.)--Eaniings
1
Monday, May 25,1942
•
Net
—v.
was
income
.155,
p.
t
^
.
2,917-
f
v:;
2,917' X *; 35,000"
$4»055;.
-,
43 -
$5,454
$4,011%
$5,412
42
$54,794
w
$61,307
519
r : $54,275
764
:
$60,543
1679. ::zz<zzzi:zy:.:zz-'^
I Hawaiian Pineapple Cu.,% Ltd.^25~Cent Dividend—,
'
The directors on April 28 declared a dividend of 25 cents per share,
payable May-25 to holders of jecord May 15.
A like amount was paid
on Feb. 25, last, and on Jan. 31, April 30, Aug„
$2 apd Noy;,2^, 1941.
.
-
35,000 i
Volume 155
<■
Iri
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4075
The
addition, an extra of $1 per share was paid on July 28, 1941,—
155, -p. 1013.
'
^
'
*
*
"
V.
directors
share
per
also
declared
5%
the
on
the
regular quarterly dividend of $1.25
preferred stock, series A, payable
cumulative
July 1 to holders of record June 12.—V, 155, p. 1679.
Inter-Mountain Telephone Co.
drawn—
" \
action on the common dividend or¬
dinarily payable about June 15.
On March 16, last, a distribution of
25
cents
per share
was made.
Payments in 1941 were as follows:
March 15, June 14 and Sept. 15, 25 cents each; and Dec. 15, 35 cents.
•—r*V■ 155, p. 825.
'
'
-
"
-
■"
■ • •
*
•'
..
future dividend rate from 7lo to 5% and received in
addition one^shaie
of common for each share of
preferred stock held. - On the other hand,
the common shareholders, to make this
settlement possible,
>
portion of their shares and received the warrants.
The terms of these warrants were
very definite and constituted
option to purchase common
stock
at
$25
per
Registration With-
share,
running to Sept.
The company
■;
which
$10).
The
it
proposed
warrant
the
•
•
-
•
-
Earnings— ■*:,
Other
.
insecticide
new
for
concentrate
;
177,358
income
$18,753,115
$18,451,462
f3,238,671
2,039,424
673,778
546,753
26,157
i
amortization
and
467,103
depletion
system
Contingencies, Insurance, etc,
Profit before
_
taxes____
$14,814,509 $15,398,182
Provision for income and franchise taxes——i
6,742,543
6,158,473
>
would
that
us
in
extension of the expiration date of
any
effect
constitute
the
issuance
alone
under
to be
of
warrants
new
offered to
common
their
preemptive rights.
That is to say, any
extension of the expiration date of the warrants would violate
the pre¬
emptive rights of the common stockholders.
This means, as a practical
1941
$18,274,104
253,120
Depreciation,
Retirement
fly sprays for which there hi &
large domestic source of supply is announced by this company. .The
concentrate, known as "Thanite," is a more powerful killing agent
than those now
in use, is not
toxic to warm-blooded animals, and
requires no other fortifying toxic agent for sprays, the company says.—
V.. 155, p. 1753.
'
A
1942
$18,499,995
__—
income
Total
Hercules Powder Co., Inc.—New Product— :
-
stockholders
'•
Quarter End. Mar. 31—
Operating profit
.
,
warrants
and that any new warrants issued would have
International Nickel Co. of Canadai Ltd. (& Subs.)—
L
share on' the
common
stock, par $3, payable June 15 to holders of record June 1.
This compares with 25 cents paid on March 20, last.
During 1941 the
company paid four quarterly dividends of 20 cents per share, and, in
addition, paid extra dividends as follows: Sept. 15, 10 cents; and Dec.
15i 40 cemt8.-~V;!l53,'P^1131. -'H.';; ~
1
1- UThe 'directors have.declared -a .dividend of 15 cents per
26, 1942.
•
<
prevailing since 1937 have made it, unprofitable- for
convert at this figure, and no warrants have been
Our counsel advise
.
pividend-^-
"
aij
option
to
converted.
so
Dec, 6, 1941.—V. 154, p. 1493.
holders
such
<
Ciroumstances
on May 8 withdrew its registration statement (2-4908)
to issue 25,000 shares of common stock (par
registration statement was originally filed with the SEC..
under
.
Hein-Werner Motor Parts Corp.—Smaller
surrendered,
a
(G.) Heileman Brewing Co.—Omits Dividend—
The. directors on May 19 took- no
■
-2007
matter,
that
the
expiration date of the warrants
—V. 155, p. 1837.
be
cannot
>
extended.
,
Interstate Department Stores, Inc.—25-Cent Div.— "
A
dividend of 25 cents per share has been declared on the common
stock, payable July 15 to holders of record June 23.
A similar distribuwas made on Jan.* 15 and April 15, this year.
In 1941 the
following dividends were paid on the common stock:
Jan. 15, April 15
tion
"
and
July 15,15 cents each,'and Oct. 15, 25 cents.—V.155,
p. 1920,
.
Net
profit
:
Earned surplus
beginning of period
'
Honolulu Oil Corp.—Suits Filed-r1 President.A.lc.,Mattel, May 6,. in.
•
ln
part:.
"Oh March
x.
letter to. the stockholders said,
|
•
.
a.
w.
•
v
•
10,
Common
,
;
income
April
on
1942,
22,
the
either
I
18
May
on
the
on
tIncludes
;
declared
a
Memorial
The
Day,
Peter
between
May
Stuyvesant
property
V
.
Hudson,
will
Robert
maintain
a
have
declared
{Securities
dividend
cents
Commercial
Telephone
Co.
—
amended
3M»%
which
under
bonds due March
1,
000
first
3%%
mortgage
24,000
31,
•'•'
1942
'
against
notes
retirement
system
of
for
Income
12
Months
March
Ended
31,
operating revenues.——_——
Total operating expenses and taxes—
Net
Total
other
Net
Net
operating
—V.
deductions
,! 16,728,022
"7,626,277
14,124,574
prepaid items
'
27,627,825
60,766,771
8,514,420
and payrolls—
franchise
taxes—
;
*
-
^
•
31,917,463
—
1
system reserve
29,900,520
483,474
*
19,009,580
•
27,627,825
483,475
"
*
,___
18,408,661
--'STi;
v
:
1 V'**4
■w
' "*
14
298,472,679
**{.
/
1942
(net)
on
662,131
$44,072,552
44,115,645
33,717,869
701,551
714,217
1942
revenues
—
^Operating expenses and taxes
Net
S.
Balance
Sheet,
31,
banks
in
and
payable,
Liabilities—Notes
on
is
$146,866;
all-out
on
un¬
container
$2,343,019; earned surplus, $252,455; total, $5,168,604.—V. 155, p. 638.
multi-wall
this
"
of
class
May 22.
A
on
May 6 declared a dividend of 20 cents per share on
stock, payable June 10 to holders of record
has been paid each quarter since and
situation
critical
country has
our
'
for
the
manufacturing of
container
board,
the
shortage
of
manufacturers
As
other
to
of bag material, the WPB
substantially their output of
types
increase
sacks
per
a
which
year,
is
double
previous
our
capacity.
These
Sept. 25, 1941, has been completed.
on
Co.
has
been
dissolved
and
you
are
now
International
stockholders
International
Southern
were
Kraft
Corp.
and Agar
Common
Dividend
Situation—As
I
have
it
previously explained to you,
took practically all of our 1941
earnings
on
the preferred stock and put the
to receive dividends if justified by
1942
dends
situation
•
I
have
apparent that until
are
going to be, no
common dividends.
Status
•-
which
of
we
just
described
know
action
as
definitely
can
the back divi¬
in position
Confronting the
to prospects for 1942, it is
to clear
up
common
stock
earnings.
what
properly
be
the
tax
taken
in
rates
the
for
1942
matter
of
letters from warrant
holders asking that the time for exercising the warrants be extended
that I feel that I should state to the stockholders and warrant holders,
if any are present, just why this cannot be done.
so
which
the
accumulated
7%
preferred
unpaid
as part of a recapitalization plan
shareholders on the one hand gave up
dividends of
over
contracts from the
initial dividend- of 15
shares of no par valub
an
;
-it
r<t
1
'
Ai^"
>;?«,/
* H'
,
Default-^
will
shall
be
in
dealt
flat
and
to
be
delivery must
a
1921.
p.
the
carry
'
"
Jaeger Machine Co., Columbus, O^—5€WCent Dividend
The directors on
the
on
165,768
last.
10,
May. 18 declared
of
shares
,10 to holders of
Payments
in
a dividend of 50 cents per- share
stock, no par value, payable June
common
record May
29.
1941
A
were
like
amount
follows:
as
paid on March
was
March
10,
37V2
Sept. 10, 50 centa each; and Nov, 27, $1.—V.
cents'!
155,'p. 92Q.
The
directors
May 20 declared a dividend of 50 cents per share
stock, payable June 24 to holders of record June 10.
75 cents per share paid on March 24, last, and on
March 24," June 24, Sept. 24 end Dec. 24, 1941.
Explaining the dividend reduction, Lewis H. Brown, President! said;
"Despite increases in wages and raw material costs profits before
taxes so far this year are better than for-the same period in 1941 and
the
on
on
common
This compares with
have increased in about the
has
exceeded
"However,
proportion
same
similar period in the
any
heavier
taxes
which
the sales voltini^which
as
company's
face
this
us
history.
will reduce
and
in
of the
times
reflected
are
in
better record than
a
This
is
natural
a
which-demands sacrifices from all, individuals
From the standpoint of basic earnings, which
war
corporations alike.
these
making
net
year
earnings and will leave less available for dividends.
profits before
taxes,
before."—V.
ever
Johns-Manville
.is
155, p. 1921.
Joy Manufacturing Co.—Smaller Dividend—
The directors
stock,
common
each
have declared
$1,
par
a
dividend of
payable June
15
20 cents per
share on tho
holders of record June 1.
to
with 30 cents per share paid on March 14,
quarter during
last, and in
1941.—V. 155, p. 639.
Kansas City Southern Ry.—Earnings—
Period End. Apr. 30—
Railway
Railway
Net
oper.
oper.
$8,379,563
1,375,422
873,712
5,014,280
$1,100,790
$556,532
110,000
$3,365,284
812,000
$2,108,535
308,000
$446,531'
$2,553,284
$1,668,535
256,059
rwy.
'
Railway oper. income
Equip, rents—net debitJoint facility rents—net
'
$792,790
76,853
■
i
,
,
516,218
,oi
i
'
r
440,006*
13,542
14,729
42,585
38,043
income-
$620,717
$354,950
$1,994,481
$1,374,433
tax included-
200,000
15,000
380,000
oper.
ry.
inc.
-V.
^
158,531
debit
"Fed.
$5,467,131
3,358,596
s;..
operations
"Railway tax accruals™
Net
<
1942—4 Mos.—1941
$1,430,243
exps
from
rev.
1942—Month—1941
$2,476,212
revs,___
60,009
i-v;
155, p. 1679.
Kearney & Trccker Corp.—EarningsEarnings
for
"Net earnings
Earnings per share
"After
provision
visions for
Six Months
Ended
March
31, 1942
;
__.
396,173
on
shares
for Federal
income
and
$2,088,497
common
income
and
$5.27
profits taxes.
excess
Pro¬
profit taxes have been computed on the
basis of the Revenue Act of 1941, which is
presently applicable to the
company's fiscal year ending Sept. 30, and amount to $14.78 a share.
Current
cash
ties
and
assets
are
$5,572,160
reported
are
State and Federal
reported
is
as
excess
notes
as
income
$21,772,442,
of
which
and accounts receivable.
$13,512,404,
and
of
which
Federal
$9,302,137
Is
Current liabili¬
$5,857,500
is
for
reserve
profits taxes.
excess
In letter to stockholders, Theodore
Trecker, President, states:" "Com¬
is operating at its full capacity.
A considerable amount of its
requirements is being furnished by subcontractors.
This substantially
increased the output of the plant without the increase of capital ex¬
penditures -which would otherwise, be required.'V—V. 155, p. 1754.
pany
Keith-Albee-Orpheum Corp. (& Subs.)—Earnings—
13 Weeks Ended—
Net profit U
Apr. 4, *42 Apr. 5,'41
$747,697
$492,375
—______
Depreciation
—.—__
;
.
income" taxes____L-_.____
f.
158,816
253,594
r
162,799
!
92,890
many
These warrants were issued in 1937
in
large
June
1942
Provision for
Warrants—We have received
has
(Fla.) Gas Co.—Bonds in
1942, coupon.—V. 155,
are
Mfg. Corp. and its three
subsidiaries, have been merged into International Paper Co., resulting
in a simplified corporate structure as well as in some
saving in taxes.
common
including Sept. 10, -1941. -
most
result, we have now converted sufficient ton¬
to this quality of paper to enable us to make 75,000 tons of multi-
which
plant facilities.
A similar distribution
the
Paper Co. (N. Y.), which owns and operates directly
all of the principal properties controlled
by the company in the United
States.
In addition, a number of
subsidiaries, the more important of
Indianapolis, Water Co.r-rDividends—?
The directors
is
pulp
or
sacks.
r
;
than any other
Government has
diversification
greatly needed by the Government for defense purposes.
Reorganization and Simplification of Corporate Structure—The re¬
organization approved by the stockholders at the special meeting of
in
missio is not
the
greater
v
Paper & Power
by the banking firms of Lehman Brothers; Goldman,
Sachs & Co.; and The First Boston Corp. Proceeds will
,
which
stockholders, held
3% first mortgage bonds due May 1, 1970, at 101.
The sale was approved by the P. S. Commission of In¬
diana,
The transaction was handled for the company
•
and
requested
sacks
year
'
President, at annual stockholders' meeting:
nitrating purposes. This new mill was built'in accordance
certificate of necessity issued by the War Department defining
plant as necessary in the interest of national defense.
wall
ly—Company announced May 15 that it had sold to the
John Hancock Life Insurance Co., Boston, $2,000,000 28-
•
/
has
due
due
bonds
a
Because
has
Indianapolis Power & Light Co.—Bonds Sold Private¬
•
1837.
law
paper or for
with
nage
Approval of this financing by the Securities and Exchange Comrequired.
'
<
Company was one of the first large operating utility companies to
be removed from SEC jurisdiction under
the Public Utility Holding
Company Act.
The entire common stock interest in the company of
its
former parent,
Utilities Power & Light Corp., was sold to the
public early in 1940 by an underwriting group managed by the three
banking firms handling the current financing.—V. 155, p. 122.
155, p.
board,
or
=
$3,546,823
!
One of the first major steps in the
company's participation in this
national emergency was the construction of the new kraft mill at
Georgetown, S. C„ on which a total of $6,000,000 has been spent to
date and which provides increased
capacity of 200,000 tons a year of
refundable
be used for additional
500,000
determination of actual tax liability when new tax
of R. J. Cullen,
war
interest
bonds
This compares
t$2,469,895
existing laws.
to
Effort—Company
only on discontinuance of service, $76,905; cus¬
tomers* advances for construction, $883;. series five-year 3%%
notes,
$200,000; first mortgage 4% sinking fund bonds (1956), $720,000; re¬
serve for maintenance,
$34,636; $3 cumulative preferred stock (23,400
shares, no par), $1,170,000; common stock (par 50 cents per share),
•
266,078
ex¬
2,239,415
faced.
ever
claimed dividends^ $653; accrued liabilities (including Federal income
taxes payable over year 1942), $148,187; customers* deposits, including
interest,
158,799
paper company in the world, and Over since our
called upon the industry for production to fill its needs for lend-lease
and defense the company has been
participating to an ever increasing
extent in the program for national defense which has. now; become
1942
accounts payable,
918,088
1,062,416
and
—
enacted.—V.
War
hand,
$75,000;
6,208,763
foreign taxes
possible additional income
profit
tSubject
$168,236; special deposits,
$3,703; accounts receivable, ;.$218,870; inventories, $315,331; prepaid
insurance, $7,829; prepaid interest, $198; deferred charges, $146,126;
miscellaneous investments, $1; cost of work in progress not allocated,
$16,474; -lands, buildings and equipment (less reserve for depreciation
Of $1,264,420), $4,291,828; total, $5,168,604.
Assets^~Cash
2,200,943
profits taxes
"Based
6,017
$6,622,363
1,232,576
other
Net
$81,036
March
1,734
182,213
for
The
considered by .tho
-
1
->
taxes.
income
again be
York Curb
consequence
taxes
Remarks
Consolidated
8,499
$14,363,645
cess
39,263
Net income before Federal income taxes
subsidiary
Federal
Reserve
corporation
will
Exchange has received notice that the principal
1, 1942, on the stamped 5% sinking fund gold
not be paid.
Accordingly, the Committee on
Security Rulings ruled that beginning May 19, and until further notice
and
209,220
but
profit
Canadian and
$543,050
2,708,316
210,199
taxes, normal—
U. S. Federal excess profits taxes
/
83,732
2,555,851
-
accrued
2,318
61,907
not being currently paid
preferred stocks of subsidiaries
on
422,750
Other deductions
3,317
—
Dividends
$120,300
income
other debt—
Dividends paid on stock of
(& Subs.)—EarningsMarch 31,
debt___
Depreciation and obsolescence
Depletion
1921'.
155,
Johns-Manville Corp^t—Common Dividend Reduced-r^
1,078,061
Amortization of debt discount and expense
State
Production sales and operating
Net
Interest
.
Dividend Actipnr-r
.
*
%
The New
1941
$62,013,848
funded
§498,547
paid
outstanding 618,546
p.: 1408."
'
its
on
stbck.-~V.v l55;
June 10 and
*.**
$60,935,787 $43,410,421
expenses
on
for
rates
the company,
which
Canadian Governments,
1
(& Subs.)—Earnings—
income
and
Cost
Interest
the
10
share
Jacksonville
79,013,916
Dr2,461,542
«v,
$538,360
$31,559
60,606,500
301,125,220
'nv* ■'"
less returns
income
Other
establish
March
capital
sus-
—
y
•)""
v
"146,346
the
per
the
79,313,323
International Paper Co.
^U.
On
cents
June 1,
155,
/■
150,000
131,509
a
will
8,598,975
Quarter End. Mar. 31—
,
which
6,723,908
Dr2,461,542
in
AAA
owe
159,375
13,125
$34,250
questioh of action on the dividend
board at its meeting in June.
60,606,500
____
en
1
12,500
:
meeting of the directors, on May 15, it was stated that
dividend, expected at this time,, had been deferred
owing to the delay in the passage of the Federal Revenue Act of 1942,
on
8,623,497
•
,
Following
6,723,908
'
adjustments in consolidation
$1,369,139
504,738 " <<574,238
43,308
18,750
15,311'
income
action
8,803,671
(no par)
payable
and
33,333
,
"Restated for .comparative purposes.
Note—Federal income tax for 1942 accrued at 40%.—V.
60,766,771
.r-' Gross sales,
$366,154
Earnings for Quarter Ended
$1,333,982
..
stock
pense
«'■'
35,741,402
-
301,125,220 298,472,679
Total
155, p. 1837.
Indiana Gas & Chemical Corp.
$100,493
Jacobs Aircraft Engine Co.—No
preferred stock
Exchange
129,794
income
34,735
$101,645
Total net earnings—
•:
18,384,431
Earned surplus
Dr7,057
other
$1,334,395
37,649
American and
Income
$495,948
and
$1,296,333
3,141
jearniftgsi
616,442
34,785,800
__
Preferred dividends payable
$503,005
earnings
$97,352
3,116
Net operat.
.
18,957,606
Capital surplus
1942 $1,976,470
1,473,465
—
$98,529
retirements__i
Other income
Net
15,502,144
—
Contingent, insurance, etc.
Property expenditures in Finland
cumulative
income
interest
Net
income
458,009
1941
C*■*
re-
—
Gross
Statement
480,000
for
v
*
preferred stock (no par)/—V. 155, p. 1311, 959.
Total
40,000
157,244,198 156,976,490
receivable
securities
Reserves—
statement (2-4866)
Indiana Associated Telephone Corp.—Earnings—
553,029
40,000
$
Liabilities—
per
$5
S8l,902
mtge. bonds-
350,102
Registration
shares of
44,388
•
other, fund, debt
"36,033,192
and
Accounts
>>'«.
proposed to sell $5,750,000 first mortgage
In its orginial registration statement
and
42,393
on
615,568
and
Common
1941, company proposed the sale of $5,750,-
bonds
189,6.09
Other taxes
..agP25
on
320,301
1972.
filed with the SEC Oct. 24,
1,934,867
20,550
Int.
27,263,713
—V.
it
$4,469,882
1,938^91
28,125
Int.
25,390,766
7%
•
...
The company on May 8 withdrew its registration
$4,597,050
.175,313
$0.60
'
32,936,871
*\
as
$377,603
160,737
expansion
Time deposits, Canadian treasury bills, etc
•
Withdrawn—
$0.52
>
'
Accounts
.
Alexander Hamilton
schedule of
daily sailings
37'/a
March
Inventories
Insurance
Pulton,
of
Sheet,
_
held
*1942—12 Mos.—"1941
$369,783
$74,753,360
war-time
Investments
common
Illinois
2,461,542
Cash
share on
stock, no par value, payable July 1 to holders of record
June 1.
A similar distribution was made on April 1, last.
Payments
in 1941 were as follows: April 1 and July 1, 37 Vfe cents each, and Oct.
1 and Dec. 26, 62'/a cents each.—V. 155, p. 1920.
<
a
Balance
,
Government
%
Humble Oil & Refining Co.—37^2-Cent Dividend—
directors
of
amortization
serve
...
1942—Month—*1941
earnings
& maint.
State & Fed. inc. taxes
Amort. & other deducts.
.
Retirement
The
f,
special
(net)
Total
Albany, and daily service to Indian Point,
Bear Mountain, Newburgh and Poughkeepsie.—V. 155, p. 263. ; ^
the
for
1942
the 1942 season on
S. Olcott, President.
York-and
New
$76,851,781
on common—
Consolidated
..
dividend^of-V[c_
operation for
according to Alfred V.
30,
;i__J
—
provision
Assets—•
preferred
full
resume
Hendrick
steamers
and
•
will
company
operat'g
exps.
——
program expenditures.
Hudson River Day Line-?To Resumer—.
This
483.475
7,289,084
year
cumulative
6%
—___
Earnings per share
(75 cents per
stock, par $25, for the six
months ending June 30, 1942), payable June 30 to holders of record
June
12.
This
compar.es with
$1.62Vfe paid on Dec. 27,
1941, and
75 cents on June 27, 1941.
Arrearages as at May' 1, 1942, amounted
to $5.75 per share.—V. 155, p. 1836.
directors
*
2,461,542';
Balance
Houston Oil«Co. of Texas—Accumulated Dividend-*The
dividends
pense
the
.
share)
Period End. Mar, 31—
Oper.
Delaware—Earnings—•
Prov.
483,475
7,289,084
,
$79,313,323 $77,214,902
-Exchange adjustments in consolidation In sus'
1936 or the year 1937 should, after
the disallowance of such claims, enter into an agreement with the
Commissioner to suspend the running of the statute of limitations for
filing suit, in accordance with the provisions of section 3774 lb) (2)
of the Internal Revenue Code."
See also V. 155, p, 1013.
for
taxes
75,747,752
$87,085,882 $84,987,461
__——
Earned surplus end of
period—
first relating to dividends
paid- during the' calendar yea* 1936, and the-second relating to dividends paid during:, the calendar year 1937.
;
•"
;'*V_
«
"Stockholders
who
have filed
claims
for
the refund
of Federal
Division,
79,013,916
Iowa Southern Utilities Co. of
$9,239,709
Gross
surplus
Preferred dividends
;
1941, ,you were advised that pur counsel, Morrison,
Hohfeld, Poerster, -Shuman & Clark, would file a test case on behalf
of
one
of
the
stockholders of this corporation
for the purpose of
obtaining a decision by the courts as to the amount of dividends, if
any,
which are tax free to the stockholders.
Two suits have been
filed in the U. S. District Court for the Northern District of California,
Southern
Total
$8,071,966
$36,000,600
and
reduced
their
Net profit
after all charges.
$335,286
$236,680Earnings per common share
$0,25 "
$0.17
The provision for Federal income taxes is based on a 40% rate for
1942
made
as
compared
for
Federal
with
a
excess
24%
profits
to be liable in this respect.—V.
rate
tax,
for
as
1941.
the
154, p. 96(1. v
No
provision has
comparies do
*
-
•<
'•
<
••
not
'-
been
appear
<-
THE COMMERCIAL & FINANCIAL CHRONICLE
2008
:
and
Period Ended Mar. 31—
special dividend of 25 cents per share
a
Operating
cents per share on the capital stock, no
both payable June 30 to holders of record May 29. Like
regular dividend of 25
a
value,
par
declared
directors have
Masonite Corp.—Plant Capaeity Increased—
Lexington Telephone Co.—Earnings—
Corp.—Special Dividend of 25 Cents
Kennecott Copper
The
Monday, May 25, 1942
<•
'
.
<
*
>
revenues
feet of
Miss., it is
^ \1
This corporation, which manufactures several types of wood fiber
boards, has recently increased the Laurel capacity by 30%
and 'is
operating the plant on a 24-hour day basis.—V. 155, p. 1922.
The
194L
.
during 1941,
the following special payments were made:
25 cents; June 30 and Sept. 30, 50 cents each, and Dec.
,
Other
earnings.
Interest and other
Net
155, p. 826.
Kerlyn Oil Co,—2%-Cent <'B" Dividend—
B
stock,
common
$1,. and
par
the
quarterly dividend of
stock, par $1, both payable
regular
8% cents per share on the class A common
July 1 to holders of record June 10.
On
July
the
1941,
1,
B
class
>
'!>
■
^
'•
I
directors
declared
15
May
on
a
Liberty Aircraft Products. Corp*
this year,
March 15,
Sept. 15, 25 cents each, and Dec. 15, 30 cents.—V. 155,
15.
and
16
par)
exercise
The
directors on
series
the
6%
C
-
Registration With¬
—
on
regular
paid
cumulative
dividends as follows:
$1.75 per
$1.50 on the series C stock, and $1.25 per
quarterly
the series B stock,
on
the
series D stock.—V.
have
directors
declared a
—V.
of
155,
V.
of
dividend
share has been declared
per
June 9 to holders of record May 26.
share paid on June 17 and Dec.
payable
cents
40
cents
25
the
This
12,
per
is good only until June 4, 1942.
to take advantage of this offer
offer
This
who
Holders
wish
requested
are
to
registered mail either to Bankers Trust Co., 16
Wall Street, New York, or to Mercantile-Commerce Bank & Trust Co.,
721 Locust Street, St. Louis, Mo., purchasing agents for Ogden Corp.
—V. 155, p. 1921.
;;
"
their
bonds
•*'
Operating
Dec.
year.—
by
income
Gross
1942*
.
—
1941
38,129
$1,242,143
$1,162,607
15
(The) Ladies of Loretto (Loretto Academy of the Im¬
Chicago, 111.
Conception)
Bonds Offered—
—
Dempsey-Tegeler & Co., St. Louis, are offering $150,000
1st mtge. 3% serial real estate bonds.
Princ. pay. ann. May 10, 1943 through May 10,
1954.
Int. payable M & N, at office of Mutual Bank & Trust Co., St.
Louis, Mo., trustee. Bonds in coupon form—$500 and $1,000 denomina¬
tions.
Bonds may be prepaid and redeemed on any interest date on
30 days' notice to the trustee at par and interest.
These bonds are the direct obligation of the Ladies of Loretto, a
corporation incorporated in Illinois, and further secured by a first
mortgage deed of trust on property of the Sisters, located in Chicago,
111., known as the Loretto Academy of the Immaculate Conception,
Dated May 10, 1942.
65th Street,
the
addition
unconditionally
valued at over $400,000.
and
payment
of
guaranteed
principal
$1,576,323
$1,535,722
1,201,553
1,201,527
$374,770
Total
dividends
Total
Earned
capital stock..—.
on
surplus,
Note—Provision
__
—
$334,195
_
end of period
Federal
for
income
tax
the
by
for
the
above
first
for
owns
the
1
of 37 y2
stock
Jan.
and
in
1609
by Mother Mary Ward,
of
foundress
America
uncloistered
made
was
in
com¬
The
1847.
Loretto
Abbey, Toronto, Canada,, This
11 academies, 10 high schools, 27
college,
represented
in
Archdiocese
the
Marquette.
the issue is to
lower
rate
Luz
or
the present outstanding
refund
in¬
Mines, Ltd.—Earnings—
milled-.-,.
,
92,737
$579,875
23,398
depletion
$714,556
$568,891
312,941
ferred
„
124,870.
92,194
net
,
profit
'
$276,745
$237,144
187,404
105,954
expenditures
155, p. 1122.
of
20
made
cents
on
March
were
dividends
Dec.
paid:
16,
this
March
15, 35 cents each.—V.
Lake
while
year,
15, 50 cents,
155, p.
exps.
Co.-
a
dividend of $1.25
Cairo, Egypt,
sinking fund refunding pre¬
holders of record May 30. v A like
and in each quarter during 1941.
1942, amounted to $39.75 per share.—V. 155,
15
1942—<3 Mos.—1941
467,555
$2,571,477
1
June
1941.—V.
cumultative
holders of
this issue
made on
7%
the
on
to
operating income
income
Total
interest
$147,453
$671,281
$707,452
9,352
11,519
35,936
7,290
$162,485
'
$158,972
$707,216
56,188
227,290
$479,926
$490,457
43,750
50,576
175,000
227,512
$62,410'
Notes—(1)
which
Mar.
on
share
preferred
on
stock,
account
$100,
par
20.
A similar distribution
Dec. 23, last year, the only payment during
The company on
May 14 filed a registration statement with the SEC
10-year 2%%
Earnings
figures
Act
Revenue
purposes
income
31,
and
$52,209
:
excess
$304,926
profits
taxes
in
$262,945
three
provisions in amounts
then pending tax legislation.
published in 1941 prior to the enactment of
1942,
of
1941
reflect
have
of comparison.—V.
been
155,
the
increased
p.
appropriately adjusted herein for
1921; V. 154, p. 1530, 1053, 84.
Lehn & Fink Products Corp.—35-Cent Dividend—
directors have
The
stock,
common
distribution
similar
1941
the
June
14
following
and
declared a dividend
payable
Sept.
was
June
made
payments
12
to
on
price to the public will be filed by amendment.
Underwriters and the principal amount to be purchased are listed as
follows:
Lehman Bros., $2,000,000; Goldman, Sachs & Co., $2,000,000;
A.
Becker & Co.,
G.
Inc., $650,000;
Blyth & Co.,
Inc.,
$650,000;
of 35
holders
March
were
made
12, 35 cents each,
and
cents per share on
record May
29
of
13,
this
on
this
Dec.
12,
year
issue:
while
the
A
during
March
55 cents—V
14
155*
826.
Leonard Refineries, Inc.—5-Cent Dividend
A
Mar.
with
of 5 cents
dividend
stock,
par
$3,
11, last,
5 cents
a
per
share has been declared
payable May 28 to
distribution of 15c.
per
163,164
$1,404,953
surrendered and
797,918
income
,
abandoned-—
-
and State income taxes—
727,773
170,497
152,551
550,000
——.—...
$1,676,157
~524,629
$0.90
;
assets
as-of March 31.
$0.28
1942, were 31,312,265.69
and current
which
final
Colpitis,
The railroad has been in receivership since
to an announcement, May 19, by Coverdale &
pip^^
auction sale of the railroad's
properties, which is the final legal
has been
,
Glore,
$650,000; Harriman, Ripley & Co., Inc., $650,000; Hall-
L.
$200,000;
Rothschild & Co.,
F.
Loeb
&
Witter &
Co., $200,000;
Kuhn,
York '
made
was
on
March
16,
last.
In
made as follows:
were
and Dec.
15,
1941
payments
1601.
p.
PLAN
OF REORGANIZATION
>
undertaken to
plan of reor¬
revision of the second amended plan of
March 15, June 16 and Sept. 15, 50 cents each,
$1.—V. 155,
OF
Reorganization Managers—Coverdale & Colpitts have
act as reorganization managers, and have prepared this
on May 19 declared a dividend of 50 cents per share
stock, payable June 15 to holders of record May 29.
A
distribution
NY
DIGEST
general working capital of the company.—V. 155, p. 504.
the capital
.
.
(6)
March 1,
Magma Copper Co.—50-Cent Dividend—
on
,
v
' P -■ V"'
^
.
p
... .
•
Minneapolis & St. Louis RR.' lst Jfc ref. mtge.' 4% gold bond8, due
1949, and Iowa Central Ry. lst & ref. mtge. 4% 50-year gold
bonds, due March 1, 1951.;
Jules S. Bache, Chairman; F. Q. Brown,
DeWitt Millhauser,
with E. P. Goetz, Secretary, 36 Wall St., New
J4ew York,. N. Y;
•'
Dillon, Read & Co., $1,100,000.
$1,100,000;
Co.,
Dean
,
30-year gold bonds, due Jan. 1, 1935.
Walter H. Bennett, Chairman;
Li Edmund, Zacher* with, W. C. Robertson, Secretary; 51 Chambers St.,'
,
Peabody & Co., $250,000; Merrill Lynch, Pierce, Fenner'&
Beane, $250,000; White, Weld & Co., $250,000; Emanuel & Co., $200,000;
ganization.
This plan is a
reorganization dated June 27, 1940, revised
required in order to conform with the order
•
to incorporate amendments
of the ICC dated March 4,
order dated March 9, 1942, and to include
certain other changes.'
This plan has been approved and is promulgated by the reorganization committee, which is composed of the fol¬
lowing members:
W. W. Colpitts, Chairman; Jules S. Bache, Walter H.
Bennett, E. C. Delafield, W. P. Hawley, George Munsick and George E.
Roosevelt.
1 :
.*
-• '
•*-.
"r
Method of Assent to the Plan—Holders of securities may assent and
r
shall thereupon become parties to the plan, as follows:
•
•
(a) Holders of preferred claims may assent to the plan by depositing
with the proper depositary executed written instruments, in such form
as
may' be determined by the- reorganization manager, -containing an
acceptance of the reorganizatiQn
agreement and.. the- plan and. an
assignment to the reorganization manager of their respective claims.
lb) Holders of. bonds other, than Merriam Junction bonds, not deposited with any committee, may assent to the plan by depositing their
bonds in negotiable form with the depositary for bonds designated in
the reorganization agreement. '
(c)r Holders of Merriam. Junction bonds.not deposited with the Dela¬
1941
and
its supplemental
-
Magror Car Corp.—To Fay $1.50 Dividend—
dividend
A
of
$1.50
per
share has
been
declared
the
on
.
common
payable June 30 to holders of record June 16.
This compares
with $1 per share paid on March 31, 1942.
In addition to the four quarterly dividends of 25 eents per share
paid during 1941 the company disbursed the following extra payments
during the same year;
March 31, 50 cents; June 26, $1.75; Sept. 30,
stock,
25
cents, and Dec. 26, 75 cents,—V. 155,
p.
1014.
holders
per
share
of
on
....
'
Market Street Ry.—Purchase Proposal—
-
'
:
■
A
press
Market
dispatch from San Francisco, May 19,
states that purchase
Street Railway by the City and County of San Francisco
through a lease arrangement extending over seven years has been
tentatively agreed upon by city officials and negotiators for the com¬
of
Base price is $8,350,000, which would be lifted to $11,534,416
insurance, taxes and office expense over the life of the
Agreement Is subject to confirmation by the Railroad Commis¬
sion, the Board of Supervisors, and the company security holders.
•'
Yearly instalments ranging from $2,000,000 in 1943 to $1,454,416 in
pany.
by
interest,
H
1949
are
those
expected
now
to
be
owned
met
by
from
the
city.
earnings of
Fares
on
the lines
the
'
<
<
■i
consolidated
present
city
lines
the
common
May 21.
On
made, as compared
charged, and universal transfers would be instituted.
'
Option is to be worked out under which the city could buy the lines
lump sum purchase if voters approve bond issue at
outright through
any
time before 1949.
ballot.—V.
Such
155, p. 1410.
a
proposal may be placed
.
on
the November
,
rr
-
assent to the plan by depositing such bonds in
negotiable form with the Delafield committee.
* '
td) Holders of bonds deposited with any of the committees may
assent ta the plan in the manner provided in the respective deposit
agreements; and holders of bonds heretofore deposited with the committee formerly representing the Minneapolis & St. f Louis extension
mortgage 5%. bonds may assent to the plan in such manner and upon
such conditions as may be determined by the reorganization manager,
subject to the approval'of the ICC... <•
-f -t
The reorganization agreement designates Guaranty Trust Co., New
York,'as a depositary for bonds and coupons, not deposited With'any
committee, secured by liens upon the property of the railroad cofnpany (other than Merriam-Junction bonds), and First National Bank &
Trust Co. of Minneapolis as a depositary for preferred claims, which
field
lease.
five cents now
record
was
.
.
would be raised to the seven-cent level of Market Street operation from
share on Mar. 15, June 2, Sept. 15 and Dec. 15, 1941.
...
Kidder,
with
p.
89,605
.
sink, fund debs., due May 1, 1952.
The
indicated by
seemed
(2)
the
Federal
ended
months
1,441,879
$1,241,790
postponed to July 24 from May 15, the announcement continued.
A
price of $2,010,000 has been fixed for bids by the U. S.
District Court in Minneapolis, which operates the road through Lucien
C. Sprague, receiver.
•
■
•
The committees representing the several securities are as follows:
(1) Minneapolis & St. Louis Ry. 1st mtge. 6% (formerly 7%) bonds
(Merrlam Junction bonds), due June I, 1927,A as extended to. June 1,
1932.
E. C. Delafield, Chairman.
James C. Mulligan, Secretary, 20
Exchange Place, New York, N. Y.
(2) Iowa Central Ry. 1st mtge. 5% 50-year gold bonds, due June, 1,
1938.
George E. Roosevelt, Chairman; Philip N. Cristal, R. G. Page,
yiith Arthur tfilsbni Secretary, 30 Pine^^St.^New;YorlL:
Y* ; pt P
(3) Minneapolis & St. Louis RR. 1st & ref. mtge. 4% gold" bonds; due
March 1, 1949.
George Munsick, Chairmanr Frederick w. Walker, with
S. C. Pratt, .Secretary, 22 William St., New York; N. Y.:
V• -V •
<4> Committee representing the preferred claims—W. C. MacFarlane,
Chairman; George B. Webster, Secretary, 2522 Como Ave. W., St. Paul,
Minn i B. K, Leach and J. F. McEIwee.
;
(5) Minneapolis & St. Louis RR. 1st consol. mtge. 5%= gold bonds,
due Nov. 1, 1934, and Des Moines and Fort Dodge RR. 1st mtg. 4%
154, p. 1728.
covering $12,000,000
224,285
$102,785
Balance
v
1,490,363
$3,104,968
■
56,325
$106,160
Preferred stock divs
5,559,864
$3,194,573
—
share on common
The
tures—
$714,741
i.
income
$8,243,532
step before the reorganization plan can be put in operation,
'
(R. H.) Macy & Co., Inc.—Registers $12,000,000 Deben¬
and other
deductions
Net
$153,133
(net)
income
expense
-
„——
reorganization manager.
record May
The directors
1,715,037
1941
.
6,449,939
July,- 1923.=
; r'
accumulations
$2,422,489
1,900,196
income
word, according
to
The directors have declared a dividend of $1.75 per
1942—12 Mos.—1941
$615,007
1942
$11,045,270
sales—
Minneapolis & St. Louis RR.—Reorganization Plan-
March 16, last,
16,
In Ludington, manufactured' fas
Enough holders of all classes of bonds—two-thirds or more1 in most
cumulative
7%
June
to natural gas.
p.'1840.V?
cases—of the company have approved the plan of reorganization
will become operative as soon as the Federal court gives the
share on account
per
was
Current
(W. J.) McCahan Sugar Refining & Molasses Co.—Ac¬
the
-Earnings—
of
Net
Per
cumulated Dividend—
and
:
Gross
1 announced the purchase of the Gas Corp. of
including the"L'utlngton, Greenville, Clare and
minimum
similar
Net
'
Gas Co.—Acquisitions—
liabilities were $4,442,290.28, a ratio of over 7 to 1.—V. 155, p. 1602.
■
Other
v'.
,
proceeds from the sale will be used toward the discharge of
debts, including bank loans, and the balance, if any, will be added to
511,597
oper.
'
Net
$664,729
oper.. revs
taxes
during 1941 the following
and June 16, Sept. 15 and
1680.
Superior District Power
Period End. Mar. 31—
Total
Total
-
Depreciation and depletion
and on March 25, June 25
garten & Co., $400,000; Hayden, Stone & Co., $400,000; Hemphill, Noyes
& Co., $400,000; Wertheim & Co., $400,000; J. S. Bache & Co., $250,000;
per share has been declared on the capital
stock, payable June 15 to. holders of record June 1.
A similar payment
was
on
Mar.
on
Forgan & Co.,
Lake Shore Mines, Ltd.—20-Cent Dividend—
A dividend
1014.
p.
paid
was
Arrearages
the
on
payable
stock,
amount
239,552
costs
Capital
—V.
accumulations
of
10,984
deprec. and deferred development and
'V: Estimated
:
on May
properties,
Provision for Federal
Corp., Ltd.—Accumulated Dividend
Steel
MacKinnon
was
110,824
Net production revenue
Operating and administrative
,
27 and April 28, this year,
1941.—V. 155, p. 1922.
direct radiotelegraph circuit between New York and
payable
1941
$737,954
production (gross)—
Marketing charges
for
company
Leaseholds
opened on May 16, it is announced.—V. 155, p. 1601.
was
of
1942
Metal
Res.
r
'
per
Mackay Radio & Telegraph Co.—New Circuit—
A
r
La
!
Consolidated
profit from sales—
Other income credits (net).
Chicago
of
interest.
of
Quarter Ended, Mar. 31—
Tons
on
Sept. 25,
ftcouijt,'of
*
area'converted
Net
cents
share oh
$4;
Net
stock,
common
per
the
1,
Selling and general and administrative
payable July 28, and the regular quarterly
share on the class A common stock, pay¬
able June 25, both to holders of record May 29.
Distributions of 25 cents each were made on the class B common
B
Dividend^
during
have declared a dividend of 25 cents per share on the
The directors
class
dividend
of
of
a
in
pioneer
at
is
and
Diocese
at
is
operates
or
purpose
debtedness
the
foundation
America
schools,
grammar
The
no
$2.40
'
operated.—V. 155,
Cost
periods was
such
effective
$2.40
Mid-Continent Petroleum Corp.—Earnings—
Dividends—
of this issue is
of
this Order of
Motherhouse
founded
was
and
woman,
The
Novitiate
and
of Sisters
Order
English
Acts
share on the
• *
Quarter End. Mar. 31—
Gross sales, less returns and allowances-,.
for excess profits tax has been made as it is
such tax will be due.
1 The directors have declared
This
order
estimated
Revenue
,
Corp. of Michigan, owned by
is
provision
No
periods.
the
with
accordance
in
supply
St.,
.
at a reported price of $700,000.
The
the Great Lakes Utilities Co., Phila¬
sold after a Federal ruling limiting the States in which
holding companies may operate.
The Mt. Pleasant, Clare and Green¬
373,133
beginning of period—
surplus,
\ /
.
.
Pleasant distribution systems,
ville
Earned
, ,
following payments were made on the full paid
April 25, $2.10; Aug. 1 and Nov. t, $2 each,, and
$4 (half these respective sums being paid on allotment cer¬
which originally called for twice the number of shares).—
27,
delphia,
interest
and
Sisters.
munities.
paid
April
or*
Co.- -Pays
1941—
Mt.
$1,162,589
334,195
income
Net
rj;.
on
1941
Feb.
•Michigan's
18
$1,242,128
deductions
Interest
J
_
dividend of 75 cents per
Industries
155, p. 1840.,
The
$1,250,736
103,100
—...
.
to
Michigan
$1,345,242
—
'
155, p. 922.
'
During
shares:
-Earnings-
revenues
Total expenses and. taxes
made
1447 East
share,
tificates.
capital
V.
(Del.)
.
the full paid shares of preferred stock, $55 par value
holders of record April 22.
Holders of allotment cer¬
tificates accordingly received an amount equivalent to $1.2Q per share
on
the number of preferred shares originally called for by such cer¬
compares
last
,
maculate
cents.—V.
tificates
Louisville Gas & Electric Co.
a
Gas
extension mort¬
gage 5%
gold bonds, not extended to April 1, 1945, under the plan
of extension dated Feb. 15, 1942, and operative May 15, 1942, will be
purchased by Ogden (parent) at 100% of their principal amount and
accrued interest from April 1, 1942, to date of purchase (plus transfer
Ogden Corp. announces that any refunding and
taxes).
as
declared
have
This corapahy
chase Bonds—
The
155, p. 1601, 1514.,.
stocky payable July t to- holder# of record June If.; A similar
was made on Jan. 2 and April 1, last.
Payments.in 1941
follows: Jan. 2, April 1 and July 1, 50 cents each; and Oct. 1,
accumulations
$1,336,762
on
Numer¬
operations.
present
company's
of the
scope
Corrected Record for
.
12 Months Ended Mar. 31—
Co.—Ogden Corp. Offers to Pur¬
Gas Light
were
75
154, p. 1596.
1838.
p.
Laclede
payment
per
'
the
1192.
p.
$1,599,003
^
exceptionally high degree of purity.
an
show
by mailing requests to the corporation's office, CO East 42nd
common-
^
1942—3 Mos.—1941
,
which include the intro¬
Mesta Machine Ca.r-75-Cent Dividend—«£'■;,
1514.
Liquidometer Corp.—Smaller Dividend— «.?.;■r :?!""•
stock, payable June 15 to holders of record June 1.
10 cents each were made on June 25 and Dec. 15, last year.
common
' '
1313.
1,55, p.
with
the
Distribu¬
of 5 cents per share on
1942—Month—1941
$598,298
$543,280
Apr. 30—
Period End.
Sales
A
dividend
of alkalies of
illustrations
lasts,
Lincoln Stores, Inc.—April Sales Higher—
1921.
155, p.
company's major developments,
uppn
Service Corp.—Earnings Up 18.3%— y
holders of record May 29.—V. 154,
Anniversary-
liquid, chlorine and synthetic ammonia, the preparation of
carriers,, bleaching agents, and detergents, and the pro¬
of
N.. Y. City.—V.
corporation reports an increase in net earnings for the first
four months of 1942, over like period of 1941, of 18.3%.
The usual quarterly dividends have been declared on all classes of
stock,
an
square
Laurel,
Copies of the booklet can be obtained, as long as the limited
The
share
share
Kingston Products Corp.—Smaller Dividend—
The
In
in
chlorine
duction
May 8 withdrew its registration statement 42-4934)
28, 1942.
The company proposed the issuance
shares of cumulative convertible preferred stock
and 120,000 shares of common stock to be issued
of conversion rights of the preferred stock.—V. 155, p.
the
describes
■;
Metropolitan
62V2 cents per share
Like amounts were
Previously the com¬
preferred stock, and
preferred stock.
the respective stocks on April 1, last.
5%
on
tions
$117,919
41,600
-
The directors
dividends,
declared the following quarterly
May 15
cumulative
D
series
disbursed
send
million
a
plant
main
Alkali Works, Inc.—50th
Mathieson
Jan.
60,000
Lincoln
all payable July 1 to holders of record June 15:
87% cents per sh^re
on the
series B 7% cumulative preferred stock; 75 cents per share on
pany
SEC
of
stock, payable June 12 to
Kings. County Lighting Co.—Preferred Dividends—
—V.
than
more
at. its
-
commemorating its 50th anniversary, tjiis corporation has published
48-page booklet entitled "Fifty Years of Chemical Progress."
The booklet traces the growth of 'the Mathieson organization 'and
a
ous
with
sale
(no
1679.
on
$115,844
—
i.;;,;
The company on
A similar distribution was made on March 16,
while during 1941 the following disbursements were made:
the
—
—
74,045
drawn—
and
dividend of 35 cents per share
63,579
—
capital stock, no par value, payable May 29 to holders of record
the
June
deductions
$191,964
new
154, p. 657.
1938, when five cents was also paid.—V.
Keystone Steel & Wire Co.—25-Cent Dividend—
The
p.
1,864
.
$179,423
——
1055.
155, p.
filed
May
,
duction
,* r
distribution of five cents per share was made
stock, which was the first payment on this
a
common
issue since Jan. 3,
on
$193,828
1,332
,
stock dividend requirements—
Annual preferred
—V.
——
——
Net income
-
cents per share on the
The directors have declared a dividend of 2Va
on
$181,255
——
——
day
31,
24, $1.—V.
class
operating incomeincome, net——,—
Net
regular dividends of 25 cents per share paid each
to the
addition
quarter
March
producing
is
per
<
announced.
amounts were disbursed on March 31„ last.
In
corporation
"Presdwoods"
$785,854
592,026
$819,783
638,528
—
operating expenses and taxes————
Total
1942
,
committee
may
V'?/>'*-5v^^
Volume 155
•
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4075
"
depositaries may, with the
appoint sub-depositaries.
approval
the reorganization
of
the Judgment
reorganization
Iowa Central Ry.
(.2)
manager,
due
:
-
,
of
(.3)
agreement.
end
an
the
railroad
the
of
claims
long
plan will
and
period
Iowa
of
Said
corporation
will
include
not
the
White
so-called
Bear
interests
in
the
lines
of
west
tion, which will operate said lines, and
of
the
stock
of
Merriam
new
me
secured
coupons
the mortgages
by
Junction
company
of
the
interest
The
in foreclosure
now
first
new
company
bid
The
or
the
at
final
the
that
court;
(other
sinking fund
decree
of
objections
court conlirms
conveyed
tively,
able
the
accordance
sale
the
sale
sale,
shall make
such
bid
and
will depend
to
after
provides
that
the
the sale
the new
the
(2)
made
STRUCTURE
FINANCIAL
RAILROAD
a
plan
1,
Louis
Preferred claims,
Interest
shall
•
Interest
on
to Dec.
P.
Second
in
bonds
Minneapolis
Mortgage
t:
•"
"
•
v": gold
St.
bonds,'due
interest
thereon)
Louis
Nov.
shall
for
1,049,600
Obligations
of
the
company, consisting of 150,000 shares
(no
exchange for the outstanding bonds of the
the Merriam Junction bonds), but only upon
at the rate of $1.90 for each share issued
sum
the
payment of
bonds).
the
to
used
the
The
new
to
pay
to reimburse
or
of
expenses
payments
the
mortgage
shall
new
be held
by
of
the
promptly
as
said
5%
bonds,
deem
the
committees
40%
in
consummation
of
the
in
committees,
obligations
of
the
new
to,
Whenever
warranted
event
any
of
the
by
the
if
to
obligations,
principal
New
the
the
under
this
the
each
to
Treatment
1,
Each
Class
than
issue
Outst'dg
Cash
$1,719,034 $1,719,034
of
the
950,000
will
be
supplied
the
purchase of
the
,
with
the
unpaid
balance
of
principal
,
balance of principal of
will be supplied from receiver's cash
purchase of the
of
preferred
amount
cash
of
,;
21,
which
1939,
claims
and
the preferred claims on
June
properties of the
,
holders
to
is
account of
provides
in
subject
securities
order
an
substance
that
to
limited
be
to
an
aggregate
tion
of
said
the
allowance
proportions
hearing
be
to
such
among
they
had
counsel
show
may
less
not
will
be
made by
themselves entitled
than
the court
thereto
at
a
10
days' notice by mail to all
counsel for such creditors.
Also, each depositor of a preferred claim
will be required, as a condition precedent to receiving
delivery of the
cash and new securities allotted to said claim under the plan, to
furnish either (a) a writing signed by him stating that neither he nor
his
predecessors
in
attorneys
have
who
release
in
interest
of
respect
been
represented
at
time
any
claim, or (b) the names of all attorneys
or his predecessors in
interest, and a
attorneys.—V. 155, p. 1922.
Mississippi River Power Co.—Earnings—
12 Months Ended March 31—
Operating revenues
1942
$4,539,053
2,275,093
$2,444,657
.
1941
$5,464,910
3,020,253
„—
$2,263,960
Total operating expenses and taxes
Net
operating revenues
Total
non-operating
124,720
Total deductions
125,616
$2,569,377
revenues
$2,389,577
;
——
income
tGross
tNet
(including interest)
972,642
980,857
$1,596,735
income
$1,408,719
(•Provision
for
Federal
taxes
income
for
the
three
months
ended
March
31, 1942, has been computed under the Revenue Act of 1941.
provision has been made for additional income and excess profits
No
taxes which
be levied under
may
1942 Federal Revenue Act.—V.
a
154,
1922.
The
SEC
Edison
Co.—Bond
announced
Power
May
have
Co.
that
20
filed
Sale
Proposed—
Missouri
Edison
Co.
East
and
application regarding the proposed
$218,000 principal amount, respectively, of 3%%
first mortgage bonds, series A, due Jan. 1, 1967, to Connecticut Mutual
Insurance
of
of
$636,000
in
the
an
and
at
Co.
the
100.5
of
case
bonds,
the
in
of
case
of
bonds
together with
bonds
of
Missouri.
East
other
funds,
Missouri
Proceeds
will be
used
Edison
from
to
the
redeem
presently outstanding bonds, consisting in the case of Missouri Edison
of
$636,700 of 572%
first mortgage gold bonds,
1927 series,
due
Dec. 1, 1947, and in the case of East Missouri of $218,000 of 5% first
''Shares
Common
Stock
Bonds
mortgage bonds, series A,
due March 1,
company
May
on
18
1956.—V. 155, p. 1755.
RR.—Reduces
Missouri-Kansas-Texas
<•
paid
off
$400,000
Finance Corporation loan, Matthew S. Sloan,
stated.
The
road
originally intended
to
but by making it now
accomplished.
was
$123,500
Payment of
RFC Loan—
of
its
Chairman
make
Reconstruction
and
President,
this
payment on
net saving in interest of $45 a day
a
the RFC instalment reduces the loan to $2,314,000
from
original debt of $2,814,000.
It is believed that in view of making the
at this time Katy will make further reductions in this debt
during the balance of the year with the likelihood that if its revenues
continue at their present pace that the entire loan might be liquidated
by the year-erid.
The notes to the Government agency are not due
699,452
262,294
94,426
1,049,600
357,400
until
All other mortgage
from
June
1944.—V. 155,
December,
1840, 1411.
p.
——
thereon)
for
(estimated)
To be paid
100,000
be
758,966
—
new
payable
under
Co.
dated
has
resigned
April
2,
corporate
as
1917,
such
unless previously
1942,
a
trustee
resignation
successor
shall
under
to
resignation shall take effect
the
become
have
been
immedi¬
Mobile Gas Service Corp.—Pref. Dividend No. 2—
new
$4,000,000
the
provisions
of
this
be
company from receiver's cash acquired at the sale.
plan
may
Participation by holders of outstanding bonds of the railroad com¬
with all unpaid coupons attached, other than Merriam Junction
in 150,000 shares common stock
(no par)
of new company,
upon
the payment in cash of a sum at the rate of $1.90 for each
$1.50
on May
14 declared a regular quarterly dividend of
on
the 6%> cumulative preferred stock, par $100,
to holders of record May 22;
An initial distribution
amount was made on this issue on Mar.
1, last.—V» 155,
directors
The
of
any
per
share
payable June
of
like
p.
1
1123.
bonds,
is
as
$5,282,000 M. & St. L.
7,650,095
;
1st
Iowa Central
7,156,000
M.
& St.
L.
the
on
1st
mtge. 4s
June
2.
shs.
were
as
16,562.5 shs.
and
4s__
6,600
shs.
3,419
V*
'
;,
•"
'
shs.
accrued
field
interest.
fHeld
12 Vt
cents
10 and
by U. S. Treasury Department.
last.
March 6,
155,
p.
25
Payments in
cents each,
and
1941
Sept.
10
828.
profit before
for
taxes on
Federal
and
1942
$16,520,651
income..
State
income
1941
$5,593,490
and
10,580,000
profits taxes——
1 2,770,000
$5,940,651
2,400,000
$2,823,490
$3,540,651
$2,823,490
$0.61
$0.47
§In
public.;
Net
respect of each Merriam Junction bond deposited with the Dela-
profit
Provision
for
—'
-—
inventory price decline
committee:
principal—
(a)
87%
of
(b)
13%
of
bonds
on
each.—V.
profit after prov. for inv. price decline—
Earnings per common share
i———
Net
For
payable June 10 to holders of record
June 10,
Montgomery Ward & Co.—Earnings-
excess
tPlus
hands of
10,
March
Quarter Ended April 30—
Provision
1...
.
follows:
Dec.
19 declared a dividend of 25 cents per eftiare
stock, par, $2.50,
amount was paid
shs.
3,531
.
Net
?
A like
28,837.5 shs.
—„
3,877,000 tM. & St. L. ext. mtge. 5s
4,005,000 §M. & St. L. ext. 5s
$44,286,095
common
shs.
49,837.5
4s
ref.
The directors on May
41,212.5
mtge. 5s
ref.
Iowa Central
New Stock
mtge. 5s
1st
3,072,000 D. M. & Ft. D.
13,244,000
Mock, Judson, Voehringer Co., Inc.—25-Cent Dividend
follows:
tBonds Outstanding—
5,282,000
30,
162,548
supplied by the
share
484,500
June
appointed, in which event such
ately.—V. 155, p. 1840.
200,000
corp.
Trust
mortgage
effective
applied to cash require¬
of plan
Cash
general
bidding
—
to the
Bankers
The
expenses—
0
1932,
—r—
accr.
Pacific RR.—Resignation of Trustee—
Missouri
150,000
pany
1,748,630
619,694
1,
44,286,000
necessary
at
face
„
the principal
the
value;
principal
.
...
-
,,,
,
.
amount of the bond in
amount
of
the
:%%;■
by
him
said
of
lien
have
said
represented
so
the
of
on
payment
1,748,600
SR
allocated to such creditors under
amount of said allowances will be deducted from the cash and
bonds otherwise distributable to the preferred creditors, and the alloca¬
104%
484,500
—
RS
mm
dis¬
The
Life
Mtge. Income
Eds. 4%
484,500
——
t
items
mortgage.
upon
proportionate
dated
sale
Claims
826,500
interest
,
from
of $100,000 payable not to exceed $40,000 in cash and not
$60,000 in second mortgage income bonds in principal amount.
to exceed
57,000
5.4%
said
under
(f)
and
company
settlement of
court
and
ttPreferred claims—
Additional
(ei
payable in cash.
second
(ei
new
of
150,000
-Will remain undisturbed-
6%
and
of said unpaid
5.4%
Sept. 30,
Interest
*
157c
distributable
(c),
by the
2,015,000
bonds—
Principal
in
for items
the
The
Principal
if
only
sale
^Merriam Junction
Additional
(d)
and payable out of money or bonds
the plan,
said additional allowances
Equip, obligations1,694,547
bear
date
(b) and (d) will bear
1941, and interest will be paid theron from that date
in accordance with and subject to the provisions
1,
but
Missouri
Series A
For
to
company,
bonds
contained
Missouri
Will Receive
Principal & int
will
that
12
in
(shares)—
of
1st
Improvem't program
(c)
,
from
-
new
4,000,000
reorganization
Accorded
and
value;
equal
cash;
in
deduction
and
1941,
$7,500,000
Existing Securities
and Claims—
face
at
date Dec.
of
$1,694,547
issue in
par),
(b)
thereon
the unpaid balance of principal of the claim in
cash; and
of said unpaid balance of principal of the claim in series A
by the
be
company
paragraph
Second mortgage, bonds, authorized $15,000,000—
Series A 4%
income (cum. 3 years) issue in reorganiza¬
tion not to exceed
:
(no
items
paid
Company
of. Dec.
as
mortgage bonds, 4%, authorized
reorganization not to exceed
stock
fcr items
amount equal to
an
Cash
financial
new
payable thereafter
First
Common
and
amount
an
acquired
respective
of
be
of
bonds
earned,
p.
interest
bond,
The income
the reor¬
later
not
plan,
company
Structure
under
will
interest—
erties
cease.
Equipment
interest
1,
the
<
(ex¬
for
company
practicable
as
by
(f) interest at the rate of 4% per annum on all cash distributable
in part payment for the preferred claim under items
(a), (c) and <e),
from Dec. 1, 1941, to the date of the
acquisition of the railroad prop-
$1.90
new
$16,300.
payment
and
company,
the date
to
the
60%
(e)
required by
respect of each share of
in
company
by it shall
paid by it
Financial
138,553
7,330
RR. 1st concol. mtge. 5%
1, 1934, principal (plus all
—_
of
ments
Income
——-
&
be
manager
the
event
To
Obligations to Be Exchanged for Common Stock—
(1)
'
and
of
pay
0<Tn
Junction
of
maximum
357,400
Existing
Railroad Company
Contingencies
\
Merriam
1. 1940
for
issued
distributable
and
to
new
Junction
after
(Plus int.
950,000
■«-'
principal remaining unpaid
Settled
Be
Junction
484,500
Settlement
Dec.
additional allowances to be made to counsel for preferred creditors who
have rendered services of benefit to all such creditors will be allocated
proportions above set
forth, an amount equal to the difference between $285,000 and the
aggregate payments theretofore made to said committees, and in such
v
preferred claims to Dec. 1, 1940__
on
Obligations to
Bonds— ^ \
Merriam
which cash shall be
be made
Organization
Partly in Cash and Partly by
—
(c>
'
in
available
Principal
Delivery of Second Mortgage Income Bonds—
--(aJ Merriam Junction bonds due June 1, 1932, principal
<b)
required
preferred claims
on
extension
condition
the
1941.
amount
to
of,
months
11,738
-
Obligations to Be Settled
bonds
1940
Issued
stock
ganization
Also equipment obligations of the receiver incurred subse¬
C.
1,
from
properties
the claim in cash; and
such
St.
54,104
————_———
—.—
income
follows:
as
of the principal of preferred claims
company
bonds
1941,
tributable in
Bennett
for lease and purchase of Diesel locodue in monthly instalments.
principal
—Aggregate interest
—
Equipment contract made with Baldwin Locomotive
Works, for lease and purchase of Diesel locomo¬
tive, payments due in monthly instalments.
quent to Dec.
principal of the
id)
railroad
portionate share;
the.
in the proportion which the amount set opposite the name
committee bears to $286,738:
Roosevelt committee, $58,000;
committee, $61,000; Munsick committee, $103,525; Bache com¬
mittee, $47,913; the committee formerly representing the Minneapolis &
of
payments
Aggregate
Principal
is
of
committee,
Three equipment contracts made with American Loco-
Interest
Be
Merriam
account
193,769
8,955
—
Co.,
mortgage
Obligations
principal of said bonds from June 1,
on
Dec.
such exchange,
common
$1,094,187
52,135
—
motives,
to
new
the
equipment
..-motive
the
and
distributable
principal—
in
Amount
Aggregate interest
of
Existing
Company
second
(a)
the
cash
(d) series A income bonds of the aggregate lace value of $357,400, of
which each holder of a preferred claim will be entitled to his
pro¬
be
may
$2,015,000
will be
cept
instalments.
Aggregate principal
mav
representing holders of outstanding bonds of the railroad company
plan.
contracts made with Electro-Motive
Corp., for lease and purchase of Diesel locomo¬
tives, payments due in monthly instalments.
■
of
items
<
cash; and
all
bonds—
Aggregate interest
.-
to
1,
(b)
$123,500
To pay interest
upon
and
COMPANY
Aggregate principal
Six
of
Capital stock of the
^equipment
contracts
made
with
HymanMichaels Co., for lease and purchase of box cars
and
hopper cars,
respectively, payments due in
(2)
application
manager,
Settlement
railroad company (except
the payment in cash of a
beven
monthly
13%
pay
To pay 60%
par),
thereof.
THE
OF
company
ICC for the broadening of the authority
ICC to permit money borrowed from
foregoing purposes to be used for certain
the reorganization
under
in
on
,
railroad company.
The proposed distribution
in
annum
of the acquisition oi
payable in cash.
income
<a)
the
the
amount
To pay interest
Obligations to Remain Undisturbed—
(1)
'
reorganization
of
of
Issued
purposes of
Stock
special
terms and conditions provided in the plan and
agreement.
new
Total
report of the bid to the
the plan may be filed by
the
upon
reorganization
■
Be
(4)
of the railroad company will
and to the new corporation, respec¬
respect
the
the
to
orders
(3)
as
specific applications in
of
purposes.
1932,
property
company
needs
bonds
It is presently contem¬
plated that any of the foregoing items which may be allowed by the
court, to the extent so allowed, will be paid from receiver's cash.
The
reorganization manager will request the- court to appoint a
National bank or a trust company having its principal office in New
York as distributing agent, with authority to exchange new securities
of cash and new securities distributable under the plan for the bonds
of the
railroad
company,
and will request the court to appoint a
National
bank
or
a
trust
company
having its principal office in
Minneapolis, Minn, as distributing agent, with autnority to exchange
new securities and cash for the preferred claims, all such exchanges to
r
To
it,
B.
and
the
certain
maximum
the
(1)
a
to
to be met by a loan or loans to
are
the
as
bond
per
date
of the claim
$4,880,220
.
mortgage bonds will be issued to the RFC for the
equal to the loans but not aggregating more
RFC
in
to
The
the
upon
For
(c)
amounts
for
such
for
together with certain railroad equipment and trucks.
All such
will be conveyed to the new corporation iree from liens or
encumbrances, and it will be under no obligation to repay the $200,000.
Upon the approval of the bid by the court, the receiver, the reor¬
ganization manager and its counsel, and perhaps others, will seek
compensation for their services and reimbursement of their expenses.
It is estimated that the aggregate of allowances to the reorganization
manager and its counsel, the receiver and others, will not exceed the
sum of $600,000.
Certain expenses in connection with the reorganiza¬
tion will be paid from the receivership estate to the extent, if any,
that funds shall be made available therefor by orders of the court
;>
time
the
*
.
of the bond
4%
respect of each unpaid preferred claim deposited
depositary, subject to the deduction referred to hereafter:
For
is
Railroad
property
■>
to
discretion of the
RFC
Bonds
manager or its nominee will
the properties of the railroad
of
and
foreclosure
to
with
as
of
acquired by the new company upon
properties of the railroad company.
\
a
the
to
other
$200,000 in cash and the sections of railroad to be owned and operated
(4)
First
in
contained
111.,
thereto as provided in the plan.
Equipment obligations exist¬
the time of the sale will remain undisturbed and wiil be
assumed by tne new company.
The new corporation will issue all of its capital stock to the new
company
in exchange for the transfer to the new corporation of
<
sale.
the
In
at
;
time
Requirements
required for the pur¬
of Dec. 1, 1941, and for
company
for
,
amount
rate
receiverV cash
be
$4,000,000.
made
outlined in the plan, and the new company will make avail¬
the cash
and
the
new
securities
distributable
to
the
parties
(3)
new
1
v
ttln
The
program
of additions and
betterments
may
period of three years, and it is expected that the money
for that purpose will be borrowed from the
RFC, as needed.
entitled
A.
from
extend over
creditor with leave of the court, and that upon proper notice a
hearing will be held at which any such objections will be heard.
If
be
the
the
in
to
foregoing cash requirements
and
and
than
Cash
estimated
reorganization,
than
any
by
of the
made,
at
reorganization
foreclosure
who conducts the
master,
ing
cash
loans
equipment obligations.
on
a
the fixed
mortgage bonds,
company.
The consummation of the reorganization
loan being obtained from the RFC.
be
of
mortgage).
reorganization will be carried out
new
make
the
on
interest
the
amount
Line.
bonds
4,005,000
require, by the RFC, not exceeding $4,000,000. Cash payable under any
of the provisions of this
plan, not secured through such loan or loans,
may be supplied by the new
company from receiver's cash acquired
Minn., and the line
Iowa, in the new corpora¬
nolders
"3,877,000
■
earned, but only in accordance with and subject to the provisions con¬
tained in the second mortgage.
<
•
Cash for the portion of item
(a) equal to 7%
of the principal
amount
Department-.,
general claims against the railroad
The
be
provide for the distribution
the
to
The
Extinguished—•
the purposes of the
The reorganization manager and the reorganization committee, after
consulting officials of the receiver, are. of the opinion that the earning
power of the properties after the expenditure of new money provided
lor
in
the pian,
will be substantially and safely in excess of the
The
Stock
the
date Dec.
for in
poses
Hopkins,
id)
1951,
7,156,000
Estimated
The
in
all
vest
50-year gold
principal (plus all
the
at
payment
to
income
been
from Winthrop, Minn., to Spencer and Tara,
1,
the principal
new. company,
4%
mtge.
company have not been pro¬
the plan (except that one
general claimant holds a pledge
of bonds of the railroad
company which are to be exchanged for com¬
mon stock in the new
company).
No provision has been made in this
plan for the capital stock of the railroad company.
vided
Bear Line extends from a point east of the Mississippi
Minneapolis to the station of White Bear in Minnesota, and
in the possession of the Northern Pacific Ry. and operated
by it for many years.
A supplemental final decree, dated April 1,
1929, in the receivership proceedings, held in effect that the Northern
Paciiic Ry. had a valid lien prior and superior to every other lien of
any party to any of the constituent causes, including the lien of the
Merriam Junction mortgage, on said White Bear Line, in the amount
of $401.9031
in the new company, which will operate said lines, and
has
Claims and
The
White
River
ref.
part
1941,
of
.
,
interest
in
—
E.
the railroad company to be acquired and operated by the new company
new
&
Held by U. S. Treasury
In hands of public
provide for the settlement
bonds, (b) bring to
(c) vest all interests of the
Minn., to Peoria,
1st
6%
ie)
interest thereon)
Junction
receivership,
Ry.
value;
(d)
Minneapolis & St. Louis RR. ref. & ext. mtge. 5%
50-year gold bonds, due Feb. 1, 1962 (plus all
Central
face
at
13,244,000
'
-
(c) 51% of the principal amount of the bond,
representing interest
6% from June 1, 1932, to Dec. 1, 1940, in series A income bonds
3,072,000
Minneapolis & St. Louis RR. 1st & ref. mtge. 4%
gold bonds, due March 1, 1949, principal (plus all
interest thereon)
bonds, due March
interest thereon)
and from Albert Lea, Minn,, to Des Moines, Iowa, together with appur¬
tenant branches and extensions under trackage contracts [properties of
and
30-year
(plus all
(6)
(a)
Merriam
the lines from Minneapolis,
in
company
principal
interest—
For
—J
(5)
required for the necessary additions and betterments to the properties
of the company and for carrying out the plan cannot be provided from
private sources either by assessment on the bondholders or by the
public sale of new securities.
It is therefore proposed to obtain a loan
from the Reconstruction Finance Corporation for these purposes.
The
RFC has indicated
that, subject to certain conditions being fulfilled,
it is willing to make a loan up to $4,000,000 to be secured by a first
mortgage on the property of the new company, and by its certificate
dated March 4, 1941 (as amended by further certificate date March 9,
1942), the ICC has given-its requisite statutory approval of such loan.
Under the terms of the loan the new company will be obligated to
use
the money borrowed from
the RFC for purposes designated in
the plan and in the certificates of the ICC.
preferred
1935,
2009
at
7,650,09.
—
The property of the company is in need of additions and betterments.
Under the existing economic conditions it is believed that the cash
consummation
5% 50-year gold bonds,
principal • (plus all interest
interest thereon)
(4)
Preliminary Statement—The company went into receivership in July,
Subsequently, one after the other, its bond issues have gone
default, until at the present time the entire outstanding mortgage
debt, Including the small underlying issue of Merriam Junction bonds
which matured on June 1, 1927, and as extended matured on June 1,
1932, is in default.
In addition, preferred claims, which by orders of
the court have certain preferences over the claims secured by
the
mortgages in foreclosure (other than the Merriam Junction mortgage,
which is the mortgage securing the Merriam Junction bonds), remain
outstanding and unpaid in the aggregate face amount of $1,748,629.
The orders of the court do not determine the question of preference
between preferred claims and Merriam Junction bonds.
(All receiver's
certificates have been paid and none is now outstanding.)
the
1st mtge.
1938,
gold bonds, due Jan. 1,
,
1923.
The
1,
,—L_—
Des Moines & Fort Dodge RR. 1st mtge. 4%
.
into
of
June
thereon)
the reorganization manager, sufficient
securities of the Various -classes have been subjected to the plan to
render such action advisable, the reorganization manager may declare
the plan to be operative.
The plan shall become operative upon the
reorganization manager, giving notice thereof to the depositaries, to
the committees, and to the depositors, in the manner provided in the
in
When,
■:.fK
R -S.V"Vo" '■"'' 'V: 1
\
bond
.
cash;
in
and
series
A
*1942
income
taxes
estimated
on
basis
of proposed bill under consideration
by House Ways and Means Committee.
tl941 taxes adjusted to final 1941 tax law.—V. 155, p. 1841.
I
i
THE COMMERCIAL & FINANCIAL- CHRONICLE
2010
Modern
The
have
declared
extra
an
dividend
of
and the regular quarterly dividend of 20 cents per share on
stock,
no
ter
paid
were
during 1941.—V.
share
per
the common
payable July 2 to holders of record June 20.
Jan. 2 and April 1, last, and in each quar¬
value, both
par
Like amounts
on
155,
'
828.
p.
-
Narragansett Racing Association, Inc.—50-Cent Div.—
The
directors have
declared
dividend
of
cents
50
share on the
stock, par $1, payable June 4 out of earnings from the spring
meeting just concluded, to holders of record May 21.
This compares
with 75 cents per share paid on Nov. 6, last, and 50 cents per share
June
2,
1941.—V. 154,
Biscuit
a
per
798.
p.
Co.—Dividend
Reduced—
'
The
directors
V.
declared
$10,
par
the
Previously
share,
have
stock,
common
cents
30
share on the
per
15 to holders of record June 12.
quarterly distributions of 40 cents per
rate being made on April 15, 1942.—
made
company
of
dividend
a
payable July
the last payment
at that
155; p, 828,
National Container Corp. (& Subs.)—Earnings—
1942
1941
$2,400,881
sales
_
—_
Profit before Federal taxes—
*Net
Lake
after
all
1940
payable
1
by
The
Railway,
Assets—
on
Interest
debt was
Miscellaneous
trust of 1940,
Investments
Interest
f
304,997
largely
interest
unfunded
on
which
bank loans
on
carried
were
Stocks
portion
a
of
,
,•
the
a
U.
S.
Treasury Department.—V.
155,
401.
p.
.
A
no
dividend
of
value,
par
Loans
Net
—
and
deposits—
bal.
from
rec.
Material
of
fQnd
Insurance
Other
and
Other
wholly owned subsidiary, were in November, 1941, transferred to the
These assets, which were held in the interest of the com¬
consisted principally of shares of stock of Delaware, Lackawanna
Western RR., which had been acquired in 1929-1931 at an aggre¬
distribution
as
142,
(Ohio)—$2 Dividend—
share has been declared
per
made
was
follows:
V.
$2
&
the common stock,
on
A similar
other
March
on
Payments in 1941 were
Sept. 10, $2 each, and Dec. 10, $3.—
10, this year.
March 10, June 10 and
1129.
p.
a
New England Gas & Electric
Foil the week ended
—
year
ago.
Gas
■
of
the
for
the
May
or
Association—Output—
corresponding week
>v
i
$
week
15
reported at 102,752 mcf., an
production of 96,505 mcf. in
is
above
ago.—V.
year
a
New England Power
insur.
in
and
other
Association—Output
kilowatt
2.47%.—V.
155,
$1,881,883,298 $1,841,612,380
a
ferred
stocks,
on
June
to
the
15 to
holders of record
in
are
12
of
87 Vz
and
of
for
the
May
of
record
full quarterly
a
29,
Checks
arrears.
holders-
to
cents per share on
75
15,
dividend of the prior lien pre¬
a
dividend, payable
of May 29.
This dividend is applicable
1933, being the first quarter for which
one-half
to
quarter ended Sept.
dividends
June
equal
Service Co.—Accrued Dividends
declared
19
Avge.
dividend
basis:
$6 dividend series,
the prior lien preferred stock, $7 dividend
March
16,
last,
and
Accruals after
in
the
made
were
above-mentioned
the
on
quarters.
will be $62.12 Vi
preecding
on
the $7 prior
p. 1923.
on
the $6' prior preferred stock.—V. 155,
on
The
directors
June
10.
$1.75
per
on
May
stock,
capital
declared
19
$100,
par
1942.—V.
155,
June
46,470,669
3,047,294,655
2,898,905,456
$66,609,863
$59,322,145
$61,412,817
£,789,316,609
$60,313,893
1.899 cts.
1.947 cts.
2.118 cts.
2,162 cts.
$2.01
$1.89
$2.01
$1.98
161,865,972
136,549,195
119,293,005
pass, per mi.
of
the
figures
cited
calendar year
of
periods.—V. 155, p.
May
18,
The
protective
has
company
1923.
trustee
.also
to
pay
interest
v
The
first
the
first
Sept.
30,
on
on
mortgage
bonds
has authorized
court
mortgage
1940,
bonds
the
on
intends
trustee
appeal
taken
was
to
the
pay
the
from
order
of
the
and
income
V.
:
the
said
an
court
be
ended
of
the
that
on
bonds to be
new
jurisdiction
reserves
appropriate
in
the
light
issued
interest
about
authorizing
in
to
make
such
the
of
$270,274,027
$240,130,665
the
terms
of
reorganization,
adjustments
plan
any
or
0.93 cts.
0.92 cts.
0.92 cts.
$7.52
$6.97
to
Revenues—
$
share
record
May
50
of
the
on
have
common
20.
cents
declared
stock,
Previously,
share
per
quarterly
a
par
$20,
of
taxes.
53,156,074
June
1
to
holders
revs
of
77,989,733
6,596,590
149,
3270.
p.
Total
operat.
Operating
$9,475,387
revenues.
(75.21)
(75.31)
33,476,019
31,735,690
32,723,605
58,394,876
11,636,288
2,706,151
oper. income,
Operations—
57,418,760
44,052,437
37,303,427J 15,582,476
..r- '
•.
587,800
551,439
7,059,101
39,306,896
161,203
112,966
$1,585,517
$2,397,702
35,460
$7,352,297 $10,710,093
31,966
of
Excess
over
revenues
oper.
155,
•
$1,620,977
expenses
1603.
p.
$2,429,668
$7,529,376 $10,869,197
RR.—Annual
Inc.
Report, Year Ended
"Chronicle"
Misc.
Thursday,
Passenger—The
of
increase
an
were
May 21,
says, in part:
total
number
1,792,854,
or
of
respectively.
with
by
1940,
3,508,301,326,
973,351,
3.42%.
carried
Interline
Commutation
or
1937.
and
49,324,576,
passengers
890,019—33.46%, and 1,876,186
passengers decreased compared
Passengers carried
one
mile
totaled
In
exceeding
increased
addition,
passenger
66 new streamlined coaches
were
placed in service
on
the
principal through trains.
Fixed
with
charges—The
decrease
the preceding year
is explained
as
in
follows:
this
"■
item
V;
as
compared
44,128,331
also
and
year
291,670
from
Payment—
1,877,441
1,182,513
856,730
656,338
6,579,040
6,460,07L
1,326,068
4,229,668
4,032,286
3,913,321
281,887
359,680
62,897
86,783
18,514,217
17,586,375
"76,030,434
61,714,706
Deducts, from.Gross Inc.—
' 68,884
'
tax
accruals—,
Separately
loss
—
■Int.
on
oper,
.
113,280
65,561
—
funded
debt
Misc.
inc.
Total
Net
debt—
chgs.—
deduction
American
■payable July
Edison
30,244,705
1
'
484.472
22,059,322
.
-
463,396i".
-.
four
Co.,
'Deficit. '
:
;
share on account
preferred stocks, classes A and
22,472,195
share
514,544
payment
of
shares
'
-
-'
49.784.871
50.449.623
26,245,562
11,265,084
yy w .y
1,038,541
169,496 v
;
..
.
-
?
1,461,066
207,580
and
stock,
stock
of
the
at
r
share.
„
50.399.063
4,509,236 *20,154,357
held.
of
Co.—Common
;.v;. /,:
...
—,y ;
;
Dividend Payable
-
cents
the
certificates
No
Edison
32
on
stock,
for
current
%'i
will
mately
per
in
...
of this dividend is subject to the approval of the
Exchange Commission and, if so approved, it will be
but,
each
will
in
lieu
l/50th
market
of
June 5 at the rate of
shares
be
of
North
issued
thereof,
for
cash will be
share of Detroit
a
price of
one
American
fractions'
approximately
of
paid
Edisoh
$16
per
v7;'v?
American's
holdings of
Detroit Edison
stock
'
now
amount
to
or 9.61 of the total 6,361,300 shares issued and out¬
If. this dividend is approved and paid, The North American
reduced its holdings in the Detroit company to approxi¬
shares,
standing.
tCo.
$38
on
'r'
■
to
the
based
North
amounted
1942,
in
Detroit
rate
611,630
•
49.186.026
1,
common stockholders of record
Detroit Edison stock on each 50
'common
-
1,974,970
449,666
1,319,142
196,482
April
.payable to
% 22,776
26,361 ^
18,919
25,283,481 %:25,005.580
25,297,503
4,313
25,409,167
at
May 15 declared a dividend on the common stock,
the form of shares of capital stock of The Detroit
same
manner as the dividends paid in the last
(see V. 155, p. 738).
1
in
quarters
The
»•
427,254
423,329
509,854
; -
503,898
from
income—
income
126.
cumulative
the $6
■
Int. on unfunded
Granting
No. 8
and
Coupon
presented for collection.
1216.
p.
j': * The directors
50,196
14,622,227.
53,695,262
21,724,402
props.
—
on
Arrearages
155,
Securities
274,407
rents
bonds and
Detroit Edison Co. Stock—
16,306,621
:
.
22,077,464
equipment
Misc.
the above
June
$9.50.
10,
share;—V.
.Rent from: leased roads
Misc.
payable
North
69,686
59,030
income
and
accumulations
Dec.
288,047
and
:
Chestnut
from
3,233,526
128,112
>
•
funds
income
for Insurances on, Lives
Sts., Philadelphia, Pa,
Company
and
detached
10 to holders of record June 5.
On March 25, last,
a
distribution of $2 per share was made on these issues.
Payments in
1941 were as follows: ' May 1, July 18 and Sept. 10, $1.50 each, and
5,455,252
38,317
inc.-
its first
The directors have declared a dividend of $2.50 per
of
3,356,661
3;337,657
1,299,468
sees.-.
non-oper.
15th
be
F. J. Hayes is Secretary.—V. 139, p.
unfunded
sinking
the
'
: 487,236
1,734,936
accts
res.
Gross
-
7,513,672
funded
pay
15,622,478
37,389,641
263,003
3,721,045
Pennsylvania
should
40,004
y
B,
—-
from
gross
of $177,082
a
cumulative income bonds; due June 1, 1945, equal to
Annuities,
physical
income
other
;
was
the 1940 figure by 461,006,671, or 15.13%.
traffic was largely due to the expanded
industrial activity and movement of military personnel.
An outstanding improvement in passenger service was the
inaugura¬
tion of the stainless steel streamlined Empire State Express on Dec.
7. 1941, operating between New York, Buffalo, Cleveland and Detroit.
The
Inc.
President
local
$5,000
North American Car Corp.—Accumulated Dividends—
income
and
sees,
Total
passengers
3.77%;
above the previous year's figure by
—11.45%,
page
86,214
r
301,757
3,246,714
——^
from
Income
further
Clinton
&
Rome
Payments- will be made on June 1, 1942, at the office of the trustee,
the
rd.
of
property
31, 1941—Extracts from the remarks of F. E. Wil¬
liamson, President, together with the corporate income
account statement, were cited in the
advertising pages of
Williamson
lease
non-oper.
profit
Dec.
75,894
Separately oper. prop.—
v
Central
.
57,516,217
equipment
Dividend
New York
the
(subject to deduction on account of* Penn¬
sylvania personal property taxes, with respect to those bondholders sub¬
ject to this tax).
^\
511,436
501,586
520,847
97,457
.
income-!
oper.
rent
Misc.
Misc.
—V.
income
- - \
596,741
472,114
taxes—
oper.
from
and
159,104
177,080
of
The
of the facer value thereof
1%
Non-oper, Income—
Inc.
income__
•• •*
569,571
—
and
Total
35,224,313
23,899
operats.
from
Income
Non-operating
ry.
Miscell.
$9,480,702 $46,820,395 $46,047,372
42,369
line
mortgage
52,466,786
28,455,208
11,810,198
10,106,755'
3,353,161 % 2,765,977
oper.
Misc.
termini,
of.$6,250
1900 Rittenhouse Square Corp.—Interest
•
72,939,715
12,767,648
2,753,307
v
7,847,500
northern
ther
at
payment for the Utica property is to be made at the
quarterly, without interest, the first installment to be
.due on the first day. of the fourth calendar month following the
execution of the agreement. The present lease is to be cancelled inso¬
far as it relates to the property of the Utica company.
It is apparent,
therefore, that the proposed arrangement will result in a continuance
of the payment of $30,000 a year, of which $25,000, if continued for "a
period of 10 years, will constitute full payment of the purchase pricq
.of the line of the Utica company.—V. 155, p.. 1755.
(79.52)
43,411,829
accruals—
Revenues
_____
expenses
Operating rentals
taxes.
rate
inc.—
Equip, rents, net debitJt. facil. rts., net debit
Rwy.
1941—5 Mos.—1940 I
1941—Month—1940
the
(74.02)
Exps.
.
RR.
with the New York, Ontario & Western
industrial lands and street rail¬
The directors have declared an instalment < of interest upon
System—Earnings—
[Includes BMT, IRT and IND Divisions]
Period End. Nov. 30—
59,475,859
6,624,834
;
the
per
of
Central
York
to
exps.
tax
New
It also owns certain
the
for
331,438.111 278,674,980 256,884,232 237,502,383
116,351,544
91,870,895
84,202,476
61,178,812
exps
oper.
cent,
the
Under the proposed arrangement the Ontario is to pay $250,000
railroad properties of the Utica company and pay as rental
for
33,054,305
Transportation expenses 162,457,180 139,498,310 128,370,420 123,265,821
Misc. operations
6,351,038
5,510,528 . 5,290,188 % 5,346,833
General expenses
10,462,528
9,680,325
9,624,083
9,774,193
Transp. for invest.—Cr_ .
111,035
- 55,101
.
87,742
39,463
Net
New York City Transit
«-"/7
36,401,031
70,409,084
6,877,167
39,454,595
92,454,568
6,667,758
equip—
expenses
oper.
the
sum of $30,000 a year as rental for the two properties and in addition
has assumed the obligation to pay the real estate and special franchise
structures
Total
miles.
with
■
with
connection
a
northerly to Rome, approxi¬
Both lines have connections for the interchange
near Clinton
and the Utica company connects
60,313,893
11,067,664
Maintenance of way and
Net
traffic
"
from
extends
Clinton
&
company
at Randallsville.
Oper Expenses-
Railway
cents
40
the company made quarterly distributions
this issue.—V.
on
dividend
payable
12.76
of
-
11,579,204
11,055,622
7,275,651
5,508,096
9,620,707 ,9,156,837
7,313,917
9,330,810
12,501,829
rev.
directors
mately
$
61,412,817
.
11,803,146
6,911,242
10,454,599
14,710,764
Maintenance of
Rome
9,865,038
12,224,781
revs.—
the
miles.
31.14
approximately
of
447,789,655 370,545,875 341,086,708 298,681,195
59,322,145
i
oper.
RR.
way and bus properties which are not included in the proposed purr
chase.
Neither the Utica company nor the Rome & Clinton has any
operating organization or owns any equipment;
-.
The existing lease provides' that the Ontario shall pay as rental for
the two properties $83,875 a year and also pay all taxes levied against
both corporations except taxes upon the stock or securities issued by
them. However, the Ontaiio now pays the Delaware & Hudson Co. the
-
66,609,863
Milk, switching, etc.—„
Dining cars, storage—_
—_
Clinton
the Utica
.
Vvl938
; "
$
$
Utica,
That
•
336,878,403 270,274,027 240,130,665 202,781,708
—
_
.
Per
Newport Electric Corp.—Dividend Reduced—
1939
•
approved a modification by the trustee of the
of the Utica, Clinton & Binghamton RR.
also
properties
&
line of
Big Four Lines and All Other Leased Lines)
1940
the
of both of the companies in question have been held
perpetual lease by the Delaware & Hudson Co. since prior to
1886 and operated under sublease by the Ontario.
The line of the
Utica company extends from Randallsville northerly through Clinton
0.923 Cts.
$7.80
m.
1941
as
reor¬
ganization which may be confirmed finally.—V. 155, p. 1755.
The
Rome
under
per
m.
Traffic
Binghampton RR.
of
per
per
rev.
&
the
Co.—Acquisition—
The properties
$202,781,708
$8.43
rev.
Total
The order provides that the amount paid shall be credited
the
may
holders
interest
year
payment of interest
a
but
for
.
unless
payment.
as
,
the
committee
29
year's
one
for
bonds.
May
committee
informed bondholders
$336,878,403
rev._
Lines,
New Orleans Texas & Mexico Ry.—Bond Interest—
'
commission
sublease
mi.36.375,515,274 29,308,438,658 26,029,141,762 21,981,707,210
1
frt.
Express
cover
$1,841,612,380
May 9 authorized the purchase by Frederick E. Lyford,
the steam railroad properties of the Utica,
on
and
Mail
1923,
page
7,918,893
1,701,055
178,079,443
the company, of
of
The
98,593,108
-
frt.
rev.
record
Co.—Correction—
"Chronicle"
the
5,904,806
2,426,852
192,905,132
3,476,087
75,703,536
1842,
p.
ICC
Clinton
carried
Freight
Passenger
in
,
174,468,421
loss—balance
New York, Ontario & Western Ry.
The
Freight—
made
company
reserves
$1,881,883,298
155,
trustee
Tons rev. frt.
ton
u— —
fund
87,868
139,213
"
6,081,368
2,429,051
204,301,070
3,476,599
85.811,265
7,968,673
1,701,055
—
Total
—V.
frt.
rev.
Av.
depreciation—Road
and
Profit
train
serv.
Tot.
"
casualty reserves
pass.
per train m.
Tons
and
Miscellaneous
Avge. rev. per
Tons
39,519,020
debt—
funded
on
physical property
unadjusted credits——
Additions to prop, through inc. and surp.
Tot. rev. pass.
23,242,401
6,766,969 '
•
Miscellaneous
48,215,444
Average
liabilities—.
Other
47,531,722
5,376,605
2,333,028
18,515,245
6,858,039
41,195,239
2,913,693
accrued
Equipment
11.070.27
11.008.13
(Including Boston & Albany RR., Ohio Central Lines, Michigan Central
holders
to
30
5,499,015
—
liabilities
Insurance
1938
4,340,691
17,793,317
1,045,350
2,582,546
149,901
accrued
liability——,
current
Premium
'
49,324,567
$1.50 per share on
dividend of
a
payable
New Jersey Bell Telephone
The
$1.50—
tax
Deferred
Comparative Income Account for Calendar Years
1842.
p.
i
'
1939
10,941.89
10,917.76
carried
quarterly distributions of
share, the last dividend at this rate being paid on March 31,
Previously
rents
Other
56,001,282
5,282,424
25,824,615
1,943,676 "
2,691,049
149,822
payable——1
unpaid
interest
Years
Co.—Quarterly
Telephone & Telegraph
Dividend Decreased from $1.75 to
the
Calendar
5,500,000
56,967,528
payable—
wages
accounts
matured
Interest
Tot. rev. pass.
train
New England
—_
5,500,000
accounts-and
Accrued
oper.—
Av.
current payments
preferred and $53.25
issues
54,949,000
509,576,000
86,200,200
Dividends matured unpaid—
mileage
rd.
mailed
be
will
following
the
on
bonds
$562,332,642
3,149,120
34,072,000
510,919,000
98,241,200
$562,332,642
6,148,528
—
bonds
Unmatured
Passenger—
carr'd
distributions
for
1940
1941
series.
Similar
Statistics
Lines, Big Four Lines and All Other Leased Lines)
the prior lien preferred stock,
cents per share on
Audited
shares),
carried 1 mi. 3,508,301,326
May
on
construction
Unmatured
by 61,501
Tot. pass. rev.
directors
Debenture
.
...
holders (an average holding of 104.83
decrease of 844 holders compared with Dec. 31, 1940.
owned
both
hours,
of
obligations
bonds
Collateral- trust
an
Accrued
companies
New England Public
The
at
aid
Miscellaneous
1923.
p.
1929-1931
72,914
6,751,038
..
and the current estimated market value of the assets
taken over, amounting to $26,842,643, was charged to profit and loss.
Stockholders—At the end of 1941 the capital stock of the company
4.50%—
up
and secondary sales to other
utilities) was 55,324,420, as compared with 52,942,046 kwh. for the week
ended May 17, 1941, an increase of 4.50'%.
In the precediing week this year the increase over a year ago was
reporting
in
80,602
12,091,800
advance
in
paid
debits
stock
in
Mortgage
Corporation
Traffic
of New
tion
Capital
Equipment
1,672,600
3,641,351
1,078,113
—
—
Grants
four-party
181,649
3,156,218
funds
prems.
unadjusted
Total
(Including Boston & Albany RR., Ohio Central Lines, Michigan Central
generated and purchased,
England Power Association and subsidiaries for the week ended
May 16, 1942, (the amount available for New England Power Associa¬
production
so-called
2,038,075
682,683
573,911'
900,065
174,432
Non-negotiable debt to affiliated cos.—
Traffic and car service balances payable
1923.
155, p.
,'M\<
'
i
Total
this
6.47%
the
company,? acquired
forwarding
freight
large
was
mcf.,
6,247
connection with
in
t
j
,
output
increase
15,
$17,294,882
of
28,229,558
-—
aggregate cost of $14,843,248.
Following such transfers, the Securities
Corporation was dissoved.
v
v.
The difference'between the company's investment in the Securities
Association reports electric out¬
put of 10,930,107 kwh.
This is an increase of 502,231 kwh., or 4.82%
above? production
of 10,427,876 kwh. for the corresponding week a
May
cost
gate
37,294,864
2,125,174
488,080
;
receivable
assets
Liabilities—
plan of consolidation of Eastern railroads under which the Lackawanna
was assigned to
the New York Central System; and advances in con¬
nection with the acquisition of stock of the United States Freight Co.;
6,338,749
7,471,723
advances—
and
deferred
Rents
9,485,137
—
assets-
current
Working
current liabilities prior
thereof during 1940, after
supplies—
receivable
Other
61,001
7,249,820
and conductors
receivable——
dividends
and
57,221
agents
accounts
and
Interest
;.
.
receivable.
bills
and
Miscellaneous
pany,
payable June 10 to holders of record May 29.
45,000
3,380,179
1,694,287
——
—
drafts
915,457
—
company.
Newark Telephone Co.
30,664,498
7,730,177
216,144
4,749,975
72,594
29,275,107
6,040,000
36,083,297
—
—
Special deposits
which
Federal
including
Miscellaneous
Time
they were classified as funded debt.
Liquidation of The Securities Corporation of the New York Central
Railroad—The assets of Securities Corp. of New York Central RR.,
normal taxes, sur¬
taxes and excess profits taxes, Federal income taxes, surtaxes and ex¬
cess
profits tax estimates were based on 1942 rates recommended by
charges,
Advances
Cash
for
1940
,
8,386,098
157,687
Notes
Rents
accounted
„& -%/Vv ;
27,949,645
27,234,906
—
-
'Bonds——
as
the renewal and extension of $16,000,000
to
$655,828,
this head during
the inclusion under
by
by
less
was
141,243,159
————
Other investments;
to
debt
49,864,571
34,579,182
—
Advances
159,505,839
50,584,227
34,579,182
173,707,062
'
i.;
Notes
items.
minor
in
Bonds
109,191
60,754
51,011,180
.
property——_—
affiliated companies:
physical
Stocks
full year's interest in 1941 as com¬
pared to partial year's interest in 1940; $171,462 on account of the
1%% equipment trust of Feb. 15, 1941; and $147,187 on account of
the 2»/4% equipment trust of July 15, 1941.
As a partial offset, there
were
the following decreases: $52,231
due to the acquisition of the
company's 4% debenture bonds of 1912; $105,546 by reason of the
retirement of $4,041,000 10-year 3%%
bonds through the operation
of the sinking fund; $77,250 by the retirement of $3,000,000 of the
company's serial secured notes; $70,495 by the retirement on April 1
of $5,000,000 secured promissory 2%
notes due Sept. 1; $144,695 from
payment of maturing equipment obligations; and $13,302 from other
due
—.
97,543
291,369
50,204,610
159,354,890
:
>—•
Deposits in lieu of mtged. property sold__
the
above
on
,
and
Sinking funds <1-
previous year by $125,685.
There was an increase in interest charges of $173,333 on the com¬
pany's secured notes held by several banks, due to change in classi¬
fication when notes were renewed April 30, 1940; $22,688 on account
of the 2 V2V0
equipment trust of 1939; $74,534 on account of the 2%
225,618
$0.68
$0.86
funded
on
in road
Improvement
i
1941
1940
equipment—— $1,110,068,183 $1,093,073,210
leased railway property^
150,037,295
148,562,398
>,
Investment
Alliance
Erie,
Comparative Consolidated General- Balance Sheet; Dec. 81
.
to
tificates.
880,481
__
share—
common
of
excess
amounts
to
& Wheeling and the Joliet and Northern
Indiana railroad companies, respectively, $166,192 because of maturity
and
reacquirement of bonds of Cleveland, Cincinnati, Chicago and
St.
Louis; and $12,926 by reason of matured equipment trust cer¬
the
294,593
1-.
profit after taxes——
Earnings per
♦Net profit
in
was
Coal RR., $342,399, and The Peoria and Eastern
$359,315.
Offsetting in part are decreases of $110,050 and $14,529
account of the discontinuance,
by agreement, of rental payments
$1,556,012
Quarter End. Mar. 31—
Net
and
equipment
increases were in
Mahoning
equipment
National
roads
major
The
,
common
on
leased
$353,061.
cents
10
for
Rent
tea:
Containers, Ltd.—Exti^a Dividend-
directors
Monday, May 25, 194^
have
456,000
shares, or
7.18%.
-
i_
Volume 155
Number 4075
THE COMMERCIAL & FINANCIAL CHRONICLE
'
The company, explains that the dividend in the form of Detroit
Edison stock is not a distribution out of North American's capital or
Oklahoma Natural Gas
,
is
charged
books
the
on
a
Regular quarterly dividends
the rate of
75
the 5%%
on
June
cents
share
a
on
Operating
Total
the $50 par value preferred stock at
the 6% series and 717/e cents a share
declared
series were
10.—V.
on
payable July
Other
155, p. 1842.
dividend
stock,
ing
60
of
cents,
and
Dec. 29,
Under Section
transactions
unless
made:
were
5
in
otherwise
15.—V.
a
(1)
(a)
this
stock
155,
March
25,
26,
June
initial
an
the
In
of
1941
60
last.
income
cents;
follow¬
Sept.
Total
30,
—V.
it was announced on
The
Northern
Electric
week
States Power
output
ended
of
May
the
16,
Co.
Power
States
Northern
totaled
1942,
(Del.)—Weekly Output—
155,
P.
R,
the
deductions
877,188
as
in
592,165
592,165
660,000
requirements
declared
dividend
a
$12.50,
par
payable
of
Net
—V.
paid
15
cents
to
share
per
holders
of
on
record
Previously, the
Jan.
on
15,
1941.—V.
155, p.
income
155,
A
12 %
June
W.
air
of
A.
and
mail
mail
air
express,
that
announces
Net
miles for the first four
months of 1942 was 33% over the same period in 1941.
A
total of
733,122,226 pound miles—the largest four-month total
in the N. W. A. history—was recorded for. the January-April period
of
1942
as
compared
with
the
550,333,056
total
fori,-the same
period, 1941.'
:
'
'■ '
!
Poundage for the same two periods was up 32%, the total for
pound
Months
Ended April 30—
1942
sales
—V.
70
$591,665
'_A—
$650,492
(net)
319,523
326,462
$272,142
______
$324,030
1517.
p.
share
1941
$2,673,701
cents
25
share
per
has been
declared
the
on
common
■.inv.
Pet Milk Co.—Initial Preferred Dividenddirectors
share
per
have
the
on
declaied
initial
an
4cumulative
quarterly dividend of $1.06 V*
stock, par $100, payable
preferred
July 1 to holders of record June 10.
Increase
$2,313,043
of
payable July 1 to holders of record June 8.
This compares
with 40 cents per share paid on April 1, last, and in
preceding" quarters.
—V. 155, p. 1926.
also
was
dividend
stock,
1124.
Oppenheim, Collins & Co., Inc.—Sales Up 15.6%—
Three
—^
Peoples Drug Stores, Inc.—Dividend Decreased—
per
increase of
an
have
stock,
2,953
59
Interest, amort, of debt discount premium
and expense, etc., of corporation—
The
manager
N.
*858! 116
company paid regular quarterly dividends of
18% cents per share on this issue, the last
payment at this rate having
been made on March 14, last.
An extra of 50 cents
system for the
compared with
year,
directors
common
$653,515
2,676
/
deductions of subsidiaries—
$2,445,604
770,000
dividend
$594,401
—;
Balance
1,177,031
■
$2,760,959
stock
672,569
$4,480,751
1,417,795
dividends
May 29.
Airlines, Inc.—Air Mail Pound Miles—
Erickson,
increase
:
___
1924.
p.
Northwest
Co
kwh.,
34,240,000
31,403,000 kwh, for the corresponding week last
9.0% .—V.
$5,055,933
_
accruals
1941
$1,326,084
813,033
taxes
interest
155, p. 1683.
the
income
and
and other
Oneida, Ltd.—Dividend Reduced—
1124.
p.
Gross
Interest
Minority
preferred
Common
year-end of 90 cents.
of the National Uniform Practices Code, all
should be "ex" on and after May 28, 1942,
at the time of contract,
agreed
income
Net
4,188
.
June
made on
was
$4,476,563
25,173
earnings
Operating expenses
4,936,764
$5,030,760
—
1942
$1,407,434
Gross
$9,413,327
,
(& Subs.)—Earnings
12 Mos. End. Mar. 31—
5,594,452
___
reserve
Total
1941
$10,625,212
taxes
income
Retirement
share has been declared on the common
25 to holders of record May 29.
A
per
payable
distribution
payments
May
cents
60
$20,
par
similar
and
exps.
income—Net
Gross
Northern Natural Gas Co.—60-Cent Dividend—
A
revenues_____—
oper.
Pennsylvania State Water Corp.
1942
Utility operating income
to holders of record
1
Co.—Earnings—
12 Mos. End. Mar. 31—
partial liquidating dividend.
The dividend
of the company to its teamed surplus.
capital surplus, and is not
2011
(For offering, see V. 155, p.
—V. 155, p. 1517.
1415).
»
,
$361,658
155, p. 1517.
Phelps Dodge Corp.—Changes in Personnel—
.
January-April, 1942, being
for January-April, 1941.
'
Last
month
this
976,834 ^pounds
for the
corporation carried
total
a
000,000
already
267,286 pounds and
of
pound miles of air mail as compared with 205,729
150,878,495 pound miles for April of a year ago.
This
constituted a gain of 30% in pounds and 36%
in pound miles, April,
1942, over April, 1941, Mr. Erickson pointed out.—v. 155, p., 1925.
•
in
and
Northwestern
Bell
Co.—Withdraws
Telephone
J.
Kulas
the
amount
an
Sur-
Pacific Gas & Electric Co.
Gross
revenue
12 Mos. End. Mar. 31—
1942
Interest,
income
1941
$119,396
of
debt premium
subsidiaries™
amort,
*
met),
etc.,
Preferred
$137,749
51,664
20 080
42,905
:—-
—
of
dividends of
and
debt
discount
and
37,905
-1,011
*»
44,188,063
$23,816
The
account
stock,
since.
per
accumulations
of
no
value;
par
on
payable
distribution
similar
A
declared
was
the
15
15,
to
this
on
of
50
cents
$22,555
holders
A
1942, were
class
A
on
common
,
Is.Mos.
1
1942
by
1941
1940
of
sales—
Gross
Other
....
-8,413,755
7-v
$6,479,133
income-—,$8,343,093
7,909,822
% 657,549
$4,054,482
608,403
1,907,909
+
.*
819,960
deplet..,.—"... 2,518,703
303,549
Minority interest——:
Cr69
Provision. for, Federal
income tax, etc
1,247,875
Taxes
.2,464.759
13,336,732
15,907,595
notice
12,522,548
•;
.
334
2,554
.
*344,237
349,667
^
12,522,546
814,184
3,385,049
$2.12
quarters it
British
stock
Eastern
said
was
Columbia,
Government's
now
views
Ry by American
that
it
$2.54
profit'.
..
—
Earns, per com.
share—
$.1,933,772
"?'* y
*:.* .V"
s
suggested
common
stock,
tions
like
of
1941;" The
$0.22
.-
Assets—""
"
to
interests
they had
that
Ottawa,
proposed
tLoss.
<
accounts
;
its
of
information
seek
the
extension
S
50
7,362,509
6,769,160
5,679,205
receivable
P.
Material
and
Marketable
Short-term
products—- 7,822,640
supplies—
r--j
G.
E.
northwaird
on
to
securities
,
commission
notes,
•———
_i_J—
*Fixed assets
4,445,153
.,1,012,905
4,994,444
Deferred charges
—
—
made
were
might
March
on
also
50
June
on
May
on
20
declared
to holders
15
funds
at
75
of
cents
of
the
it
mean
10,
June
last,
could
follow
Distribu¬
1.
and
made
was
Dec.
29,
Sept.
10,
on
on
V.
155,
1604,
p.
dividend
rate of
June
50
share
5.
of
6d.
2s.
per share,
will be made
share. On April 30
Payment
cents
per
made,
was
(Inc.)—To
compared
as
with
follows:
Oct. 28,
*
-
as
Jan.
Serial
note
Purchase
tcurrent)
obligation
—
60
cents;
30 cents, and Dec.
June
'
.
Deferred
'
..
Preferred
stock
in
subsidiaries.—r.
72,557
59,235,791.
19,836,580
12,578.627
7,202,000
—
'•
7,318,595
no
of
have
declared
a
dividend
of
50
cents
per
share
on
accumulations
par
21,323,300
59,235,791
——
surplus___i—-__
Capital surplus
15,500,000
21,323,300
par)
tCommon .stock
Earned
directors
on the $7 cumulative
preferred stock, series
value, payable June 15 to holders of record May 29.
This
compares with 75 cents per share paid on March
13; last.
Payments
during 1941 were as follows:
June 5, $1.50; Oct. 1, $1, and Dec. 15,
A,
196,067:
%
52,930
14,000,000
—
($100
The
account
1,579472
291,894
Minority interest
Funded debt
$1.50.—V.
155,
p.
1926.
1
'After depreciation and depletion of
The
"
£
Girard
Trust
Co.,
trustee,
Philadelphia,
wilt
Pa„
until
12
:
The
shares
stockholders
213,233
called
of
shares
will
record
of
be
May
determined
pro
14.
March
.As
of
rata
31,
from
notice
of
in
1942,
there
accepted
■
should
be
made
as
of
June
1,
1942.—V.
155,
'
shares,
designated
official
on
148,991
preferred
cumulative
outstanding
are
(except
1,500
/
49,666
than
less
not
of
listing
stock,
held
shares
shares.
Bank
.\
Trust
&
each
preferred
Co.,
Chicago,
April
1,
1,
1,
1948,
and
1951,
4%%
stock,
before April
or
April
American
or
is
Trust
redeemable
Co.,
at
$107
1945, at $106 per share thereafter and
$105 per share thereafter and on or
at
at
series
$104
thereafter,
plus
dividends
accrued
case.
Transfer
Agent—Guaranty Trust Co. of New York.
Registrar—Commercial
National Bank
of
as
Trust
&
May
Co.
of
New
York.
1942
15,
Authorized
20-year 3%
debentures, due May 1,
Cumulative preferred stock
4V«%
series
4%%
Outstanding
None
^None
1962—
(par $100)
200,000 shs.
1148,991 shs.
—
series
Common
(authorized, 49,666 shs.)
stock
None
'
$10)^
(par
intend
to
::
The
directors
common
were
"'•*
29.
This
stock,
have
declared
a
par
$50,
payable
compares
with
$2
per
dividend
June
share
fl,000,000 shs.
authorize
the
sale
of
issue
an
893,993 shs.
of
3%
20-year
debentures, due May 1, 1962, in aggregate principal amount which will
not exceed
the difference between $11,500,000 and an amount
equal
to the aggregate par value of the shares of cumulative
preferred stock,
4%%
has
series,
which
filed
been
sold by
are
with
the
SEC
sell
subscribe
the
rights
to
the company.
such
to
covering
A
registration
$6,000,000
such
of
statement
debentures.
debentures
to
shortly after the expiration
cumulative
preferred stock, 4%%
the
tOf these shares, 1,500 shares have been purchased by the company
to be credited against sinking fund
requirements, and are now held
in
treasury.
fOf these shares, 33 shares are
of
scrip
certificates
convertible
issued
cumulatibe
for
reserved
issuance
with
a
in
reserved
stock
stock,
dividend
of
15
paid
$1.50
to
on
per
holders
March
share
of
14,
of
the
on
with
series
surrender
upon
for issuance
connection
preferred
scrip
the
May
last!
Pay¬
and
79
surrender
of
5%
shares
certificates
are
issued
in
stock.
common
The
several
underwriters
named below have agreed,
severally and not
jointly, to purchase from the company, at $102 per share and in the
percentages set after their respective names,:*so many of the shares
stockholders
to
their
or
as
Becker
&
&
Read
Dominick
W.
&
&
Fenner & Beane_
1.0
Reinholdt
&
Gardner
'_
1.0
Riter
Schwabacher & Co._
l.T v
Scott
&
1.7.
I.
Simon & Co
.5' ;
Bros.
.5 ;
Co
—
Co
1.0
4.4
Lord
.5
—_—
.5
Co
Stringfellow
&
Boyce
Co._—_
Watling, Lerchen & Co
;
'
.
•
1.0
Wertheim
1.7
•
1.&
.
3.1
&
1.2'
Co.—
Stern Brothers &
4.4
Curtis.———___
&
Stifel, Nicolaus & Co., Inc._
.5
Swiss American Corp.—
1.0
Union Securities Corp._
4.4
G. H. Walker & Co
1.2
1.7
Hornblower & Weeks—
M.
Stein
4.4
1.7
&
Co
White, Weld & Co
1.7
4.9
155, p. 1926.
The directors have
common
stock,
similar
the
1.0 ~
3.1
2.3
Hemphill, Noyes & Co
Lilienthal & Co
A
1.2
—
Pierce,
4.9
Hirsch,
-
Inc._
.
.5
1.2
& Co
Haupt & Co
Hayden, Stone & Co
&
3.1
Co.—
Marks & Co.
Mason-Hagan,
Merrill Lynch,
.5
Marache &
Loeb
Co,__
Lyons & Co.—______
Laurence M.
1.2
1.0
Co., Inc.—
L.
Mackubin, Legg &
.5
Sons
Goldman, Sachs &
Kuhn,
stockholders
Dominick
&
Emanuel
Jackson
by
Lazard Freres &
Inc.— 3.1
Co.
Dickson
S.
for
1.2
Co.,
Cahn & Co.
Davenport &
R.
suscribed
Ladenburg, Thalmann & Co. 4.4%
Cabell & Co.
Brown
Frank B.
Dillon,
be
9.0
Bear, Stearns & Co
G.
not
9.0%
Glore, Forgan & Co
A.
shall
assigns.
Brothers
Lehman
Pittsburgh Plate Glass Co.—75-Cent
on
record
upon
conversions
A;
Underwriting—No firm commitment to take the issue has been made.
—V.
ments in 4941 were as follows: March 15, $2; June 13, $2.25; Sept. 15,
by the redemption of 63,970 shares to 149,263; shares.—
v. 154, p. 1056.: • ;..w,1
% $1.75; and Dec. 15, $2.—V.. 155, p. 925.
-v'
on
before
or
before
Pennsylvania Salt Mfg Co.—Smaller Dividend—
"
all. preferred
all such
National
share
on
of the out¬
a
preferred- stock outstanding. '/The number of- shares
will be .reduced'
1926.
p.
The
company,, is calling for redemption on June 15 30%
standing 6% cumulative preferred stock, according to
redemption to preferred stockholders. "
'
guaranteed
certificates
To Redeem Preferred Stock—
partial
200,000
series,
which
of
Ira
E. W. T., May.29 receive bids for the sale to it of
Pennsylvania
3'% %
trust certificates,
series C, due 1942, to an
amount sufficient to exhaust
$50,000 now held in the sinking fund
at prices not to exceed par and interest.
Sale and delivery of the
Co.
$176,781^398 in 1942 and $176,-
tRepresented by 6,563,377 no par shares.
of
Hallgarten & Co
1.7
Harriman Ripley & Co., Inc. 4.4
.Pennsylvania RR—Tenders—
130,375,494 123,815,585:
773,262 in 194L
of
Granbery,
•
noon,
Total
issue
initial
all
cumulative
Branch,
Pennsylvania-Dixie Cement Corp.—Accrued Dividend
1,000,000
credits
$20,
par
1926,
common
offered
a
the 6%
on
606.
p.
1,043,796;
1,500,000
3,065,625
share
per
stock,
p.
Francisco.
per
5,
30, 50 cents.—
Peabody Coal Co.—Accumulated Dividend—
3,467,679
—
payable.*
Provision for Federal income taxes-i.
the
connection
15,
dividend of $1.50 per share on account
cumulative preferred stpek, par $100, pay¬
able June 10 to holders of record
May 20.
A similar distribution was
made on March 5, last; and on June
6, Sept. 25 and Dec. 24, 1941,
as
compared with $2 per share paid on March 10, 1941.—V. 155,
730,139
1,131,529.
cents
to
The
Alex.
Accrued taxes and interest:
50
155,
series.
Consolidated
a
record
per
The directors have declared
87,999,891
3,235,845
:—_
of
preferred
treasury
Illinois
San
United
any
Feb.
of accumulations
130,375,494 123,815,585
payable
dividend
participating
stockholders of record May 15 have been given the
subscribe to the preferred shares at $102 per share, at rate
of one share of preferred lor each 18 shares of common stock held.
Rights expire May 25 and payment for the shares subscribed for is
payable at
office
of Guaranty Trust
Co.,
New
York;
Continental
the
LiabilitiesAccounts
authorized
^Directors
cents,
&
28, 1942.
Payments during 1941 were
«
6,701,457,
—87,919,850
529,801
■
k'.'N?)'"
Exchange has authorized the
Company intends
cents; Sept. 30, 25 cents;
.
other assets—5,654,785
Investments and
effective
acts
revenue
stock, 4l/2% series (par $100)
satisfactory distribution.
and
issuance
series,
the
The
Alaska.
dividend of 50 cents per share on the
a
payment,
Mines
directors
cents
12,906,149
1,423,330
•
.
initial
an
Capitalization
50
.
Crude oil and refined
the
profits taxes for
excess
oi company for credit against the sinking fund).
Of
the remaining shares, 49,666 have been designated cumulative preferred
stock, 4V2%
series, and the board of directors has authorized the
Pacific
p. 924.
distribution
$
j
$6,102,921
$6,196,022
and
through northern British Columbia
payable June 15 to holders of record
amount
United States
a
1941
.
•'
The
payable
in
\
income
and
of
>
12,239,661
and
in
John
Premier
would
purchase
and
no
Enterprises
Pay Dividend of 50-Cents— *
Nil
.
•
Notes
4'/4%
right
suitable
as
previous
1937.—V. 155,
11$297,552
Consolidated.. Balance Sheet, 'Mar. 31
*
' '
'
' 1942
'
of
the
Of
Said
231,754
$2,292,294
$0.27
.
provision. made for Federal excess profits taxes.
*No
Cash
$2,953,075.
$0.40
Stock
York
New
purchasers.
extension of the
route
Patino
Net
Federal
Philip Morris & Co., Ltd.—Listing of Pref. Stock—
issuance
Interests
probable
was
route
en
the
on
;The directors have declared
1,590
1
income for the period
for
.
1,002,536
704,431..
charges—;
4,521,345
shares of cumulative preferred
common
for «n Alaska highway by the British
Highway Commission headed by Hon. Charles
Stewart, which presented a report to the Dominion Government last
year.—V. 133, p. 4327.
2,507,745
937,223
Dcpr., and
Other
$6,704,045
$5,591,279
4,243,013
non-cumulative
$1
The
155,916
4 700,595
.
the
23,817,417
Pacific Mills—50-Cent Dividend—
& Total
Dr351,499
Philadelphia Co. $10,422,584 $10,009,535,
deductions—Philadelphia Co
4,226,562
3,906,614
payable June 12 to holders of record May 29.—V.
8,088,663
common share
prospective
a,
$3,898,566
289,698...224,912
334,912
Dr479,897
Philadelphia Transportation Co.—Initial Dividend—
1,595
Columbia-Yukon-Alaska
f 8,306,069
$5,301,580
$8,003,181
profit-
income'—L__
3,436,937
.9.420,129
•
33,249,901
$14,665,597 $14,530,880
The directors have declared
21,425,395
Co.__
common stock
informed
of
An
1939
—A--———- $17,428,310 $13,715,336 $14,916,070 $12,204,635
Cost
.
Ended March 31—
1941-
-
$15,145,494 $14,882,379
deductions
rev.
deductions
income
2,521
representations concerning sale of the railway, which is the
property of the British Columbia Government.
They said it was
probable that arrangements for the sale of the existing system, running from Sqnamish. to Quesnel, B. C., could be completed with the
Provincial Government,
but that the Dominion authorities' approval
Ohio Oil Co. (& Subs.)—Earnings-
Sales
8,770,190
on
earns, for period—
would be required for any extension
:
1942
38,620,223
V:' .V>;V
23,819,012
States
of
1137.
share.—V. 153, p.
155,
$53,765,717 $48,132,279
'
periods was made in accordance with the
during such periods.—V. 155, p. 1684
stocks held by public and
cap.
Dominion officials said
Sept.
on
Controller.—V.
(& Subs.)—Earnings—
non-oper.
Note—Provision
despatch from Ottawa May 18 had the following:
press
Great
record June 5.'
15, last; none
said to amount to $25.75
issue
Assistant
above
155, p. 1756.
Federal
share
per
made
32,589,202
13,110,601
Pacific Great Eastern Ry.—American
To Have Plan to Extend Road—
Dividend—
cumulative
$2.50
June
made
Arrearages as at Mar.
dividend
a
24,538,517
Balance
-
In
have
directors
on
Earnings per
Jart
Ohio Confection Co.—Accumulated
less
Consolidated net
11,598,861
21,427,916
Remainder, applicable to
1516.
155, p.
subs,
Dividends on
57,209
?
been
income
income
Total
207,901
$79,764
—.—
has
revenues.—
constitute
income
Net
—V.
Total
43,980,162
46,570,061
12,031,544
inc
Remainder, applic. to Pac. Gas & Elec.
expense,
% etc., of corporation
a.
Bal. before inc. deductions of
218,739
Dividends on preferred stock
—V.
of
amort,
Lawrence
income
Gross
expense
_______
subsidiaries—™
Balance
Interest,
$
186^975
-
Gross
elected
——-—
$324,724
223,007
Other
46,351,322
minority int. in undistrib.
$342,402
taxes—
and
expenses
been
66,702,069
Net income to surplus
__
$24,827
Operating
A.
Philadelphia Co.
110,682,231
income
Divs. of
t
has
12 Mos. End. Feb. 28—
1941
72,520,498
Net inc. before prov. for Fed. taxes on
Provision for Federal taxes on income
1940, Vk cents; May 10, July 7 and Oct. 10, 1941, Vk cents each, and
Feb. 28, 1942, 7'/a cents.—V. 155, p. 365.
Gross earnings. i'_~<•_—
K.
Operating
-—
resumed dividend payments in 1940 the following
paid:
Aug. 10, 1940, five cents, and Nov. 9,-
(& Subs.)—Earnings
Controller,
$15,*
118,871,820
Bond and other int., disct. & other inc. deduct.
been
Corp.
and
Net operating revenue
Net operating revenue
'
Corp.—7 y2-Cent Dividend—
Cities Water
of
excess
1942
Total operating expenses and taxes
The directors have declared a dividend of 7'% cents per share on the
capital stock, par $1, payable June 30 to holders of record June 24.
Ohio
Secretary
1756.
Earnings
Miscellaneous income
company
in
and that engineering plans for the increased facilities are
well under way and work on the additions will be started
near future.—V. 155, 0. 1843.
12 Months Ended March 31-
.
The company announced it has eliminated its recently imposed 15%:
surcharge at the request of the Office of Price Administration, effective
Mav 15.—V. 155, p. 1683.
Since the
and
p.
very
Gross operating
disbursements have
Drysdale,
of the company.
Mr. Drysdale will continue as Secre¬
Hawkins, Assistant Controller, has been named Controller
J. M.
Total oper. rev. deductions and taxes
...
charge—
Nu-Enamel
tary.
on
stated the program involves
R.
Vice-President
contemplated expansion of its Riverside plant facilities.
Kulas
Mr.
205,226,506
pounds
Co.—Expansion Authorized-
May 12 announced that authority had been
received from the War Production Board and Defense Plant
Corporation
with. 742,834
compared
as
Steel
President E.
.
.
flew
George
Otis
par
declared
$25,
distribution
following
was
payments
a
dividend
payable July
made
were
on
made:
1
of
to
April
April
each, and on Dec. 23, $2.—V. 155, p. 1517.
75
Divider^—
cents
per
holders of
1,
1,
last,
July
1
share
record
while
and
the
on
June
during
Oct.
10.
1941
1,
$1
2012
:
THE COMMERCIAL & FINANCIAL CHRONICLE
Phillips Petroleum Co.
(& Subs.)—Earnings—
Period End. Mar. 31—
*Gross
Cost
32,535,438
—_
sold,
and
general expenses, taxes and int.—
;
;
»
products
28,389,692 146,862,330
22,408,033
Net
inc. before Fed.
19,553,208 101,678,921
21,075,895
3,997,572
24,107,514
1,225,000
,
4,838,911
4,589,552
inc.
on
income
on
:
Pullman Inc.—Demands Anti-Trust Action Brought to
Trial—In the report for the first quarter of 1942 D. A.
Crawford, President, states:—
Since
689,680
6,613,878
3,307,892
17,493,636
2,405,121
other deducts.
Income &
3,472,897
1,117,844
Balance
1,127,904
last report to stockholders on the; status of the Govern¬
suit against the Pullman group of companies, the
Fresident of the United States appointed a board of cabinet members
to pass on requests that might be made for deferment of suits under'
the
31,380,819
36,791,281
'13,570,937/; 13,173,006
profit
Earnings
tThe
inter-company
Balance
1,287,277
.
2,344,993
17,809,882
in
23,618,275
taxes
gasoline
or
col¬
higher
for
Federal
than
taxes
required
for
income
on
under
the
1941
is
1942
computed
155,
at
above
those
In
(The) Pittston Company (& Subs.)- -Earnings
3 Mos. Ended Mar. 31—
Sales
and
Cost:of. sales-
$6,783,162
6,639,298
587,712
569,643
29,185
14,895
Taxps
150,749
141,451
$576,991
$446,446
90,633
54,537
(other than Federal income taxes)-
April
—
-
30,
$500,983
$667,627
—
less Interest earned
depletion and amortization—
40.690
158,527
Federal
187,002
78,015
Provision
for
1940;
provision
no
—
income
taxes
April 30, 1941, for Federal excess
in
the
minority
56,794
70,173
$224,613
$140,111
stockholders
Net income
for
the
Note—Frovision
periods
for
Federal
normal
th§ -period ended Mar. 31, 1942,
and
tax
surtax
income
on
Total
for
Total
computed at the rate of 40%
The corporation and its sub¬
sidiaries will file consolidated Federal excess profits tax returns where
permissible.
Premised on such returns being filed, and separate returns
for subsidiaries where required,
it is not considered that the com¬
panies are liable for Federal excess profits taxes.—V. 155, p. 55.
on' profits
of
subsidiary
operating
operat.
and
was
the
Period End. Mar. 31—
-
Earngs. before tax
Tax
reserve
*Earns. from all sources
$419,000
$2,236,000
■='220,000
*1,292,000
='405,000
*$199,000
$131,000
*$944,000
*$551,000
show
$414,636
$1,671,766
127,034
417,500
$1,901,431
527,220
and
$1,254,266
profits
excess
taxes
reflect increased provisions
then pending tax legislation.
comparison.—V. 155,
at
Powdrell
public
a
make
hearing
write-downs
.155,
in
its
for
1044.
p.
the
in
10 cents per share each
paid dividends of
quarter.—V.
Service
Public
of
Co.
Ind.,
Offered—A
Inc.—Bonds
bonds at 102%
3%%
000,000 first mortgage, Series D,
The
bonds
to
awarded
the
bankers
bid of
101.68, representing a cover of only 50 cents a bond over the second
bid.
Heads of, the other competing groups and their respective bids
were as follows: Harriman Ripley & Co., Inc.,
101.633; Central Republic
Co., 101.51; Halsey, Stuart & Co., Inc., 101.081; A. C. Allyn & Co.,
Inc.,
100.875;
Otis & Co.,
100.77; Drexel
& Co.,
100.439; Kidder,
Peabody & Co., 100.40, and Salomon Bros. & Hutzler, 100.15.
The $4,000,000 issue carries the same interest rate as an issue of
$13,000,000 of bonds sold privately by the company last December at
a price
of 105 to yield 3.07%.
Net proceeds of the new issue will be applied against the cost of
the company's present $16,226,000 construction program, expected to
be completed by the end of 1944.
The balance of such expenditures
will be provided out of working capital and earnings.
As a result of sinking fund provisions, SEC stipulations and note
maturities, the company is engaged in a
steady,
substantial debt
retirement program.
Each series of its first mortgage bonds has a
sinking fund provision which, in the case of the Series D bonds, calls
for retirement each year, beginning with 1950, of lVfe% of the largest
principal amount of bonds of that series which have been outstanding
at any previous time.
7,r
I In addition, under requirements of the SEC, the company during
the years
1945 to 1958, inclusive, is obliged to retire $3,430,000 of
debt, in addition to debt now outstanding which will mature in that
period, and debt to be retired by sinking fund during the same years.
As
result
a
that
by
21%
were
May
on
18
on
a
and
of
retirement
debt
various
these
is
it
measures
7,996,605
2,924,912
$7,833,503
$1.20
$0.79
$3.60
$2.05
955,048
8,386,639
5,730,327
$3,140,719
period—
$2,050,146
$3,493,431
$2,103,175
outstanding
share
capital,
31,
of
as
3,302,897
Mar.
Balance
Sheet,
1941.
Mar.
that
1951,
MacDonald
L.
Charles
S.
Government
marketable
securities.
Advances
Cash
at
C. Seifert,
23,788,053
—.a
accts.
car
is
Company
in
in
process
of Engineers
subsidiary
a
Public
Service
and
Co.,
on
Net
ended
ments
less
depreciation.
completion
of
been
have
this
financing
earned
3.95
depreciation
based
Mar. 3,1, 1942.
! The' company
operates
Indiana,
the
Lafayette,
operating
10%
241,456,505 236,073,260
—
ice
the
$2,263,250.
Such requirements
depreciation and 2.83 times
north
for
the
the
served
being
1941,
Terre
sale
31,
Mar.
Capitalization,
(Giving
1942
Effect
First Mortgage Bonds—
'■%:!
4%, due Sept. 1, 1969——
Series B, 3
due March 1, 1971——.,—
Series C,
3%%, due Nov.
Series D.
3%%, due March 1, 1972—-
Dec.
1,
4%' notes,
Preferred
5%
3%
&
to
(par
cumulative
*The
notes,
1971
holders'
interest
The directors have declared
of
accumulations
holders
issue
of
on
record
Jan
on
15
—V.
155,
the $5
June
and
19.
April
dividend of $1.25 per share on
a
prior preference stock,
A
15,
similar
last,
distribution
and
in
each
made
was
of
i.
issued.—V.
bonds
this
155,
p.
the
indenture
bonds of
is
Service
directors
This
compares
Dec.
ceding
stock,
19,
nounced.
that
have
a
dividend of
30
to
holders
20
—V.
per
record
cq^fimon
431,138
$226,696
$0.65
de-
and
value.—V.
carrying
France,
155.
Corp.—Earnings—
April 19,
share
stock
common
After
1940
1939
$403,637
$288,711
$389,640
$0.52
$0.37
$0.51
on
,
$0.64v..
—
interest,
April 20
1941
$496,098'
■
...
depreciation,
1942 after Federal excess
Federal
taxes
all
and
other
charges,
profits tax and deduction for minority
and
for
1942
include
Federal
estimated amount of $24,000
an
income
tax
at
of
account
on
the
rate
of
profits
excess
provision for Federal income and
profits taxes for the 16 weeks ended April 18, 1942, amounted :o
and compares with $558,152 for the corresponding period of
155, p. 1927.
30.64
share
of the new tax law, the company
of operating profit in 1942 for Federal taxes.
Assets
is
The directors have
common
In
and
the year
and
Current
Liabilities,
1941
Dec.
155,
Total
1,130,337
1.24 to 1
18,
1,081,465
1942—Month—1941
<■
—
—
cents.
31^—
share
record
-
'
$962,763
$890,709
$3,545,064
294,956
207,406
217,558
—.
159,787
623,108
.
•
_
$2,171,721
1,447,433
Net
operat. revenues-
$100,722
communication
revenues.
:V';.
communication
(Dr)
$369,960
13,187
:—
—
$2,383,557
1.401,900'
$724,288 ;
4,462 '•
$981,657:
20,543
9,920
$744,831
$991,577.
f
:
$113,909
3,163
—
$374,422
;
"•-•—4,988
2,129
$369,434
-
$742,702
$987,583
94,593
% ' 106,700
$648,109
$880,888
3,989'
.
$110,746
Gross
ordinary inc.—
Deducts, from ordinary
income
___—
;
—
•
39,349
"
»'
'
35,691
J?
'
$71,397
'''385
ordinary income-
636,386.
/
during
.
deductions
$2,474,592
861,884
>
the.
cents
1942—3 Mos.—1941
476,778|
Net
—
20
made
$846,738;
1942—3 Mos.—1941
-
.
on
May 23.
15,
*
1942—Month—1941
Operating income—_
Ordinary income—non¬
$5,733,128 $20,179,693 $16,695,371
4,842,419
16,634,631
14,220,778
5,691,660
—
expenses
per
of
466,889
operat.
.
$6,654,423
revenues—
revenues
cents
$567,611
.
Total
20
taxes-—;——
•
(Revenue and Expenses of Car and Auxiliary Operation)
Total
of
to holders
and
v
Co.—Earnings—
expenses
50
15
June 16 and Sept.
Similar distributions were
1940.—V. 154, p. 1383,
Total operat.
1605.
revenue—-
dividend
1 95 to 1
617,655
—
Sleeping Car Operat.:
Net
a
follows:
as
Other
$2,211,802
2,520,537
—
capital
p.
were
V Pt. C. A. Communications, Inc.—Earnings—
31
Mar.
declared
stock, par $10, payable June
Payments
setting aside
$3,138,192
—
Period End. March 31—
share,
•'
present
/•/'■
in
Pyrene Mfg. Co.—20-Cent Dividend—
51,960
passage
Pullman
June. 1. ?
at
April 18,
...
per
income
unlimited,
cents
of
here
1942
income
1941.—V.
Auxiliary Operations:
June
included
■
Note—Charges
$1,600,668
709,813
$230,053
—
per
Working
.
declared
238,073,250
Charentaises)
conditions
war
Extraordinary
477,080
Extraord.
inc;
inc. (Cr)
(chgs.)'~
$333,743
I'"-2,317
-
■'='•••*
2,591
■
-
2,841
with
1941,
Quarters/
uncertainties
19
therein
Period End. Mar.
Total
payable
241,456,505
Industrielles
of
account
on
■
and in
Corp. of New Jersey—Again Reduces
May
on
common
profit
ratio
30 cents per share paid on March 31, last, and
and 55 cents per share in each of the three pre¬
This
action
exist.
shown
proposals. now under
company's, taxes.
1
marked
■
was
Gross
deemed
earnings
increases
consideration
of
to
would
advisable
the
date,
in
view
company,-
but
the
materially
it
of
was
Federal
increase
Net
revenue
$77,398
—
the
Total
net
an->
Taxes
accrued-662,581
$47,619
^
<
$232,776
938,328
1,040,162
revenue——'
3,777,841
481,342
2,328,635
$159,306
-
Net
2,633,898
Deducts,
Net
the
•
Operating
-—V.
155.
p.
income—J
1684.
$377,581
•
':/.%•% .'•/
<
$456,986
-
$1,449,205
$1,325,047
,'..z 7,
from
net
inc.-
/
inc.
$69,191
! "5,300
"$333,743
'j
•;
'
$63,891
•*
:
375,400
'$194,843 :
:V> :*'i' :t .;
-
r
;
5
369,000)
5
'
-n.:.
,
;t>i $509,8881
$272,185
•'
"
.
V'$878,888;
$647,585
-'.138,900-
transferred
'
:
•
.
income
% 1,308,851'
tax
:
the
985,479
-
Federal. taxes
Current
Common Dividend— \
The
1939
"
each,
Net
Total
Public
in
(Entreprises
"
26,500
294
28,242
629,599
_
—
Current
1926.
5,926
43,138,271
$903,052
125,827
profit
for
Earnings
series may
any
5,926
.'
The consolidated net income before
475
$2,373,265
Provision
2,000,000 shs. 1,107,779 shs.
—_
under
.:
excess
42,191
sales
Operating
148,187 shs.
additional
>
132,115,880 152,807,800
interests.
1941.
share.
1941
42,723
tons
—
Depreciation
300,000 shs.
issuable
6,640,293
1,409,392
.1,962,626
;
———_
—_
925.
*
1,520,000
series A—
terms thereof,
the
Net
tons
assets
10,000,000
.
90,665
7,859,537
•;
subsidiary
investment
15 to
on
during
quarter
1942
Production, tons
daily production,
Sales,
liabilities
1,520,000
■>
52,077,287
*Foreign
40%
Average
Current
810,000,000
1961
642,324
3,190,836
93,353
credits
...
388,756
3,190,836
....
Total
p.
*
-
2,500,000
deferred—
(sub.)
2,205,155
397,478
.508,256
—i——
revenue
...
Co.
consolidated
account
payable July
Puget Sound Pulp & Timber Co.—Earnings—
73.24%
"%
stock
Earnings
3 Mos. End. Mar. 31—
Pending
4.000,000
deferred
2,196,535
installations.,.!..
contingencies-.
16 Weeks Ended—
1926.
p.
Current
:
for
reserves
Pullman
plans
casualty liability—
and
tax,
Issue)
•
$100)—.:
Other
benefit
and
cars
—————————
reserve
conditioning
*Net
Arrearages, after the current payment, will amount to $27.50 per
4,650,000
„
Other
Air
fire
reserve
Special
/
in the assets of the company."
13,200,000
-
General
,
6,201,531
6,598,634
employee
experimental
12,753,622
11,471,302
contracts————10,597,051
munition
uninsured
16,480,433
tax—
Purity Bakeries
Accumulated Dividend—
$38,000,000
maturing serially
preferred stock,
amount
water,
income
For
Outstanding
—
(no par)———
subject to
This
/
1950———————
Commonstock
and,
1,
maturing serially to Dec. 7,
stock
of
sale
Authorized
Series A,
to
Kokomo,
87% of its
electrical energy,
Haute,
Reserves:
to
extent
approximately
other activities.
and from
2!/4 %. 2% %
southern
and
on
preferred stock, Engineers now proposes to recapitalize the
give itself parity with the $6 preferred stockholders to
of about one-eighth of the value of the preferred stock¬
$6
company
the
ended
months
central
central,
During
12
payable and payrolls—
taxes, not yet due, including provision
Federal
Advances
"Although the common stock interest of Engineers thus has no value
apparent deficit has been made up to satisfy the prior claims
of
expected
before
were derived from the sale of
of gas and the remainder from the
revenues
from
heat,
in
Albany.
New
be
earnings
communities
largest
and
will
times
on
478,400
114,302,292 124,151,934
until this
the
after
686,513
320,749
Surplus
to the committee's analysis, Mr. Seifert said "there
apparent deficit of $14,757,585 in the apparent sound value
property on the basis of the management's own
book figures, leaving no value for the 1,318,388 shares of the common
stock of the company, held by Engineers.
by the end of 1968,
would
for
Capital
company's
3,187,480
056,953
662,614
—;
Accrued
an
the
1,034,139
Liabilities-
Accounts
"According
exists
of
5,941,681
1,020,304
—
charges
Equipment and property,
reor¬
ganization plan as awarding too much to Engineers Public Service Co.,
which owns all the common stock.
3.332,245
7,264,806
...
affiliated
assets
For
Charles
8,478,317
28,226,987
2,801,579
work
on
reserve
For
13 filed a plan for capital reorganization with the SEC.
C. Seifert, Chairman of the committee, criticized the
May
14,361,401
7,755,366
41,440,661
cost—
Deferred
Chair¬
Perry Holder (Vulcan Iron Works), with Clarence R. Carter, Sec¬
retary, 29 Broadway, New York, and Percival E. Jackson, Counsel.
The Securities and Exchange Commission has approved the applica¬
tion of the committee to act for the $6 preferred stockholders.
792,022
companies
Other securities, investments and claims at cost
less
$
48,077,380
757,945
deposit
^Investment
Other
1941
munition contracts:
on
on
of
as
•
38,009,887
securities—
and notes receivable-—
Equipment trust, etc., deferred pay't
(Jacques Coe & Co.), Ed¬
are:
Jacques Coe
& Co.),
shares
•
31
$
U.
Accounts
ward
present total debt will be reduced by
the present mortgage debt will be
by 28% and the present total debt by 39%.
earnings of the company available for interest for the 12 months
Mar. 31,
1942, were $6,399,222, while annual interest require¬
on
the mortgage debt of the company to be outstanding upon
of
end
the
the committee
members of
The
(T.
reduced
on
956,121
$3,005,194 $11,880,070
-
and
Other
protective committee for the $6 preferred
stock.
.
on
$3,961,315 $19,876,675 $10,758,415
825,724
total
on
Expended
the
man
12,225,089
1942
Assets-
Gas Co.—Public Invitation
stock has been formed
at the request of holders of such stock.
The committee solicits and
urges cooperation in the interests of all holders of
the $6 preferred
and interest.
be
share—
Consolidated
Proposals for Purchase of Bonds—
A
12,890,138
2,500,000
3,784,255
1942; 3,820,195 shares
Total
comprising The First Boston Corp. and Mellon
Securities Corp. on May 20 offered a new issue of $4,-
:
3,086,214
$3,966,444
for
31,
Cash
Puget Sound Power & Light Co.—Protective Commit¬
tee For $6 Preferred Stock-*-
group
Subsidiaries
1942—12 Mos.—1941
1125.
p.
and
three
prospective bidders are invited to be present at a meeting May
company's office, 80 Park Place, Newark, N. J. at 3 p.m. EWT,
purpose of reviewing with company officers the information
with respect to the company contained in the registration statement
and prospectus.—V. 155, p. 1844.
155,
Company
all charges,
tBased
amounts
at
for
interferences
earnings,
Mar.
All
26
share was declared on the common stock,
par $5, on May 16, payable June 15 to holders of record June 1.
A
similar payment was made on March 16, this year.
Previously the
intolerable
except depreciation and Federal taxes on income.
excluding results of French
subsidiary
(Entreprises
Industrielles Charentaises) in both 1942 and 1941.
The
Company is inviting proposals for the purchase from it as a whole
of $15,000,000 first & refunding mortgage bonds, 3% Series due 1972.
cents per
15
Service Electric &
Public
Alexander, Inc.—15-Cent Dividend—
&
A dividend cf
the Federal Power Commission
June 15 why it should not be
electric plant accounts totaling
been ordered by
case
on
paid
Income
193.
p.
the
$7,047,530 $35,266,814 $22,983,505
3,145,198
—
$1,374,211
in
1942,
taxes
per
Inventories
has
$12,866.482.—V.
company
795,080
_
cause
to
$2,696,511
670,993
Earnings published in 1941 prior to the enactment of the Rev¬
Act of 1941 have been appropriately adjusted herein for purposes
enue
of
$2,342,759
income
31,
which seemed indicated by
Portland General Electric Co.—To Write-Down Plant
to
Mar.
ended
months
$13,395,897
income
tEarnings
104,375
Federal
Notes—(1)
1941 business reflects
for the year applicable
in
all still here and
con¬
J.—
Dividends
191,999
$287,602
for
of
$7,750,699
Fed.
188,184
$606,635
$238,089
its
remove
2,500,000
for
$2,508,327
$2,245,556
23,885 H
97,203
$342,464
Balance
not
Account
depreciation-
reserve
■^After
income
facts
are
4,640,969
166,305
—
dividends
Total
(2)
company
for
Prov.
other
and
int.
Net
$956,000
393,000
Earnings after taxes-
ordered
5,358,486
the
1942—3 Mos.—1941
Net income
$508,769
income
Gross
•
The
Prov.
$7,149,297
$582,770
24,213
1942—12 Mos.—1941
$524,000
*The portion of the tax reserve relating to
the; pro rata portion of income and profits taxes
to the periods shown.—V. 155, p. 1757.
'Valuation—
1,217,319
$484,556
(net)
deductions
1942—3 Mos.—1941
res._
:
—
1,443,320
Income
tingencies
$7,604,043
with
conversant
would
case
ended
expenses
income
this
income
taxes
Other
in
Consolidated
1942—12 Mos.—1941
$1,800,088
deferment"
temporary deferment of the activities of the Federal Department
Justice
Net
-Earnings-
Poor & Co.-
to
cor¬
companies.
Total
;
$1,927,876
revs.—
"duration
already been introduced
as
possible even, at the cost of further incursions on the time and
energies of staff members who already have the added burden of a
large part in troop transportation and in the production of war
supplies demanded by other departments of the Government.
Oklahoma—Earnings—
1942—3 Mos.—1941
Period End. Mar. 31—
'
has
feel that a definite conclusion to the harassments and interferences
created by the pendency of this litigation should be
sought as promptly
1844.
p.
such
but rather to proceed with the
that
hearing judges and while the Railroad
are
Period End. Mar. 31—
months
profits taxes.—V. 155,
the
of
who
profits
excess
four
minds
officers
for
group
testimony has not yet been presented
testify.
Special
Service €0. of
Public
'
m.
made
was
the
ask
to
evidence
the normal contracting processes and the necessary forwardlooking preparations to carx*y on the business of your subsidiary com¬
panies, and with certain corporate rearrangements that should be
made promptly to meet present-day
conditions
Directors therefore
178,360
for
subsidiaries were not subject to Federal
and
in
the
with
at the rate of 45% to provide for possible additional
those imposed under the Revenue Act of 1941.
months ended April 30,
1941,
provisions for Federal
taxes
amounted
to
$11,584,510
and
included
adjustments
in
taxes
34,324
Depreciation,
Provision
■:
of
12
applicable to prior months to set up accruals in accordance with
Acts of 1940.
Under the Second Revenue Act of 1940,
while
case
Pullman
A
1941,
Revenue
advisable
be
not
against the Pullman
this
fresh
able
1941.
1942,
poration
H Total income
Interest expense,
of
taxes
no
In' the
■K: ftv
•'
Act
additional
taxes above
income
Operating profit before depreciation, etc.Other income
fill
Revenue
possible
accruals for
5,610,727
Selling, general and administrative expenses
Provision for bad debts
—'
U-
the
for
is
suit
of
and
in
$7,983,934
—
provide
to
would
this
and whose
respectively, or a total of $21,382,321, and include adjustments made
June and September,
1941, applicable to prior months, to set up
these taxes in accordance with the Revenue Act of 1941,
and the accrual of Federal income taxes in the four months ended
1941
1942
operating revenues——
45%
imposed under
April,
$923,722;
•
of
provisions for Federal income taxes amounted to
provision was made for Federal excess profits taxes.
In the
12 months ended April 30,
1942, provisions for Federal
income and excess profits taxes aggregated $15,103,843 and $6,278,478,
Act.—V.
Revenue
rate
the
crued
it
trial
April, 1942, provisions for Federal income and excess
profits taxes amounted to $1,583,028 and $516,360, respectively, or
a total of $2,099,388 for these taxes.
Federal income taxes were ac¬
Notes—In
$3.93
$0.74
business
Laws
against concerns engaged in war work.
How¬
the boards of directors of the defendant companies have decided
that
paid to Federal and State Governments.
provision
rates
$0.76
include
not
lected and
at
share
per
"Does
;
—
Anti-Trust
Anti-Trust
ever,
'
Net
1
'
the
ment's
—
5,537,854
3,364,552
taxes
tProv. for Fed. taxes
Subs.)
1942—Month—1941
1942—12 Mos,—1941
1V'V7»j«.H
,V':!
•.'**'.**''?*. v- -i.'-1''■' jfc", $ • •'
Oper. & other revenues
13,626,170
12,377,130 156,548,523 143,374,585
Exps., maint, depr. &
retirement exps.
7,438,416
6,443,329
84,293,712
77,090,174
Taxes
3,782.633
2,460,904
40,873,992
29,493,130
oper
for depletion, depreciation,
development costs & retirements
Monday, May 25, 1942
Period End. April 30—
Reserves
.
(Corporation &
.
1942—Quarter—1941 12 Mos., '42
income
of
Condensed Consolidated Income Account
■;
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4075
Volume 155
sales
$7,500,970
Costs
6,099,514
—
and
expense
4,968,288
„
1939
$5,357,267
4,844,813
1940
$7,482,785
6,968,907
1941
$5,430,495
.1942
Ritter Co.,
(& Subs.)—Earnings
Quaker Stale Oil Refining Corp.
Quarter End. Mar. 31—
Net
:...
Earnings
"The
-
Total
-
$462,207
38,852
$513,878
48,929
$512,454
49,197
$501,059
> $562,807
247,989
income
$1,401,456
-
Profit
Other
195,504
*773,570
87,500
193,508
78,183
$551,504
195,548
78,750
income
$1,450,653
Depreciation
Fed.
inc.
:
etc.-
tax,
-
■
39,050
profit
Earns,
share
per
.'. •927,305
shs.
"Includes
$429,093
—
*• V-
on
stk.
cap.
excess
new
taxes
Radiomarine Corp. of
Total
operat,
antici¬
act.—V.
the
taxes
'Net
one-lourth
Ordinary
$0.57
$346,000.
income
The
for
tax
amount
period of last year
the
provided
first
for
quarter of
Federal
of
the
annual
amortization
after
Current
assets
the
and
for
banks
200,683
*$41,453
$3,907
*$126,681
$15,650
178,288
40,247
757,077
$136,833
$44,154
$630,396
from
ordi313
188
income
nary
938
563
,
$133,645
Deducts,
from
net
Balance
$43,841
$629,833
$89,194
178,819
13,497
564,457
25,791
inc.-
$1,114,460
$929,536
$1,156,133
$1,145,946
18,601
126,926
17,405
$1,128,613
.
Totai income
—
charge
$948,138
$1,283,059
$1,163,350
Deprec. and depletion—
Intang. develop, costs—
capital
Prov.
for
for Fed.
exceeded
those
for
368,679
296,768
439,004
357,012
inc.
329,553
388,745
38,000
6,000
•
tax.
50,000
30,000
35,000
Net
of
$270,930
$264,358
$502,949
$0.22
profit
$0.21
$0.40
Earn, per sh. on cap. stk.
—V.
155,
and
1845.
p.
Period Ended—
$401,052
^
'$0.32
;
;~.vv.
•
Corp.—Earnings—3 Mos.—
—6 Mos.—
.|
1942
The
directors
share and
have
declared
extra
an
dividend
of
12%!
cents
per
the
regular quarterly dividend of 25 cents per share on the
common stock, both
payable June 15 to holders of record June 1. Like
amounts were paid on March 14, last.
Extras of 25 cents each were
disbursed
Earned
June
on
16
and
Dec.
15, last year.—V.
The directors have declared
of
accumulations
to
holders
per
of
account
on
on
record
Feb.
$747,812
$306,289
$257,480
$227,896
189,822
95,962
expenses-
oper.
for
342,891
121,910
89,416
'112,170
97,868
*99,000
25,466
8,886
11,720
$116,099
$62,951
$47,003
$46,569
Federal
income
Balance,
share
the 5% cumulative
preferred stock, payable June 1
May 19.
A similar distribution was made on this
last, and on March 3, June 2, Sept. 2, Oct. 15 and
Dec. 1, 1941.—V. 155, p. 925.
of
1939
int., etc.
chargestaxes
71,739
155, p. 925.
dividend of $1.25
a
1940
income
General
Prov.
1941
disct.,
Direct
Net
issue
344,623
400,488
contingencies.
the
(II. II.) Robertson & Co.—Extra Dividend—
$90,132
(non¬
ordinary inc.—
699,750
Other Income
74,482
revenues-
,,,•
1939
$1,845,696
663,162
expenses
which
amounted
in
Federal
1940
$1,819,295
617,268
'
Operating
tax
to $3,665,590 on Mar.
31, including cash
$763,739.
Current liabilities, including pro¬
other taxes, amounted to
$1,055,947, a ratio of
,3.47 to 1.—V. 155, p. 1219.
hand
1941
$1,546,804
802,481
revenue
proposed
appreciation,
(& Subs.)—Earnings—
1942
$1,916,941
14,153
operat.
Prov.
of
no
on
Gross
1942
income
was
Rockwood & Co.—Accumulated Dividend—
Gross
Deductions
.
$0.39
Shipments during the first quarter of 1942
corresponding quarter of 1941 by 82.41%.
$216,333
$152,895
279,576
communication
j
$110,658
Quar. End. Mar. 31—
Securities Acceptance
69,977
90,237
-
income
$82,595
common
for Federal
longer be made against operations
adjustment is completed.
1942—3 Mos .—1941
$73,884
$48,784
—
operat.
on
1941
$85,000.
Note—In the event of the adjustment in
capital accounts is approved
by the stockholders May 26 and made effective as of Jan.
1, 1942, the
protit lor the first quarter will be increased
$5,411.
This represents
vision
Total operat. deductions
and
to
same
1942
charges and taxes-—
2013
Seaboard Oil Co. of Del.
-
..V;
.
America—Earnings-
1942—Month—1941
revenues-
$0.30
for
$266,625 and $180,000
155, p. 1757.
of
revenue
Period End. Mar. 31—
■
$0.31
$0.24
$0.46
profits
pated increase under
$277,206
$291,116
$218,055
share
per
provision
amounted
for
will
Net
Inc.—Earnings—
Quarter End. Mar. 31—
•Net income after all
I
28,
—
Dec.
_
31
232,274
Divs.
on
Divs.
on
245,616
187,374
111,479
$348,373
Total
$308,567
$234,383
$158,048
pref. stock
of
discount
20,846
8.299
7,553
62,420
stock
common
Write-off
37,888
37,263
6,780
29,310
::
unamortiz.
1936 debs.
on
i
'
called and retired
Net
inc.
to
Roman Catholic
transferred
earned
"Deficit.—V.
surplus—
155, p.
*$42,174
$63,403
$65,376
$30,344
Servants of The Most Blessed Trinity-
1757.
has
it
been
brought to
obligation 3% serial
direct
Mobile
Railway and Light Securities Co.—Asset Value—
Based
market
upon
the
quotations,
following
summary
shows
the
aggregate of assets available for each class of security of the company
Per share of 6%
Per share of
pfd stock, series A
common
Net income
167.52
219.48
15.48
14.60
reported for the six months to April 30,
compared with $129,124 for the
of
at
assets
six months
same
market
1942 is $158,484
Cost
of
Bishop
of
45.53%, and stocks $3,469,669, or
assets at market quotations $7,540,672.—V. 155,
or
Net
$4,258,412
5,253,725
3,977,885
contingencies
and
$280,527
87,430
139,000
{Including Domestic Subsidiaries]
Quarter End. Mar. 31—
"Net income
estimated
1942
1941
1940
1939
$485,619
$573,283
$434,441
$316,401
$0.77
—
$0.91
$0.68
$0.50
Ern. per sh. on cap. stk.
."After providing for depreciation, income and
contingencies.
excess
1941, a payment of 87Vfe
on
a
the
directors
—
7,000 shares of
common stock (par $50) at a fixed price
Dealers' discount 50C.—V. 155, p. 1757.
Petroleum
stock,
common
dividend
a
3 Mos. End. Mar. 31—
*1942
gen.
exps
1940
$160,174
87,421
$104,270
48,732
54,703
$72,753
$55,539
$86,731
30,012
revenue
*1941
$204,019
85,384
$118,635
Operating
Oper. and
March
on
Profit
from
Profit
$27,475
subsidiaries
sale
on
of
50
16,
1942.—V.
155,
assets
Railway
Railway
Total
1939
.
$141,435
share
on
expenses
from
rev.
Net
$315,625
$975,570
$843,150
286,912
839,204
822,990
140
$28,713
$136,366
19,056
58,750
inc.—
Crl,734
Cr7,782
Crl,209
$40,027
$85^398
$11,391
$118,635
$72,753
$85,690
"$114,207
Cr2,110
Cr2,445
1,787
7,789
59,314
60,187
45,424
54,970
18,243
13,551
9,087
$46,373
profit
Prov.
__
for
{$8^924
$24,929
$42,361
—_
4,465
12,282
$97,680
*$26,0^8
from
Taxes
Net profit
Minority
Net
—
interest
8,921
56
59
33,517
100,292
$37,452
tories
share-—
per
not
t$8,924
Nil
§$0.10
subsidiaries.
$24,929
§$0.05
,
$42,361
§$0.11
,{Increased $5,840 by inclusion of oil
inven¬
previously taken into account.
§After dividends on 5J/2%
convertible preferred stock series A. tLoss.—V. 155, p. 607.
cumulative
Note—Company
p. 1757.
William
of
N.
Reynolds, who
company
Committee and
in
as
1881,
a
first became connected with the business
retired as Chairman of the Executive
has
member
of
the
board
of
directors.
Richard
the
Navy in the near future.
After his return from war service he
will take up active duties with the company in addition to his member¬
on
the board of
directors.—V.
155, p.
Other
1605.
"Sales
1941
$12,350,056 $10,105,295
operating revenue
294,207
292,829
7,345,964
5,359,710
2,534,597
2,233,973
Depreciation, depletion and amortization
Dry hole losses and abandonments
1,564,301
266,481
228,642
$932,920
25,114
Total income
on
$950,125
and
notes
Estimated provision for Federal taxes on income
Net
profit
Earnings
per
share
on
4,010,000
25,235
300,000
225,000
$723,442
shares capital
stock
$0.14
%
$0.18
Richmond Radiator
1,238,048
949,673
17,664
10,917
194,911
28,617
383,085
Net
profit after Federal and State
—V. 155, p.
1845,
:-
taxes
(est.)
1941
$49,086
$45,586
32,826
30,032
surplus,
earned
14,521
216,828
record
The
;
declared
a
22,970
307,718
269,628
$64,186
$787,714
income—net
Z)rl,242
1,031
3,744
$716,990
9,748
$65,216
$791,458
$726,737
Balance
Preferred
155,
\-
This
31,384
31,201
375,633
374,822
$28,719
requirements
$34,015
$415,825
149,115
$351,916
149,115
$266,710
$202,801
—
——
dividend
for
p.
requirements
common
1845.
60,000
of
$142,801
v
declared
Period End. Apr. 30—
Net
{On
"Loss.
The
loss
"
shares.
caused by freezing
14, 1942, arid by
incident to converting plant facilities for war production.
{On
1,726,926 shares.
for
the
second
quarter
1,781,426
of
1942
was
refrigerator stocks under governmental order on Feb.
expenses
—V.
155,
1022.
p.
Shell Union Oil Corp.
(& Subs.)—Earnings—
Quarter Ended March 31—
oper.
(after elimin.
earns,
interco. sales)
Anr. 5.'41
$9,031,316
$5,963,454
6,226,696
3,804,698
$2,804,620
for
Interest
1,696,998
1,441,385
$1,107,622
$717,371
49,474
$1,124,704
expenses, etc..
,
income
Earnings before Federal and State
"Provision
Provision
&
State inc. & cap. stk.
Federal
excess
taxes
profits tax
277,944
228,157
Earnings per
com.
income
contingencies,
increased
income
income
Net
for
current
Assets
and
Current
disc.
&
10,569,959
762,510
707,882
1.046,300
exp.
3,254,000
including
1
possible
taxes
the
$0.66
$422,306
$0.63
"Apr. 4,'42
;
155,
stock
"At rates of taxation imposed under the
-
$3,621,794
$0.28
1941 and 1940 Revenue Acts,
respectively.
The
Notes—(1)
Oil
foregoing
income
statement
31, 1942 includes the results of Shell
Inc.
Co.,
and
100%
the
owned
the quarter ended
and Shell
the latter.
The
100%. owned subsidiary
for
Union Oil Corp.
of
subsidiaries
operating results of the Shell Pipe Line Corp., a
consolidated in
ShellyJJnion Oil Corp., have not been
The
1942.
payment" oh dividends after
Jan. 1, 1942 by Shell Pipe Line Corp. is
subject to the restrictions of the consent decree which was entered in
Dec., 1941, in settlement of the Elkins Act controversy; therefore, only
the dividends received from this company, rather than the full equity
in
earnings,
included
are
in
income.
Net
income
of Shell Pipe Line
amounted to $621,682 for this quarter compared with $1,282,906
corresponding quarter in 1941; dividends paid during the first
Corp.
the
tor
to $450,000
compared with $900,000 in the
policy of taking into income the equity in earnings
of affiliated companies was discontinued.
Dividends from such af¬
filiated companies will be taken into income when received.
Net in¬
come of these companies
amounted to $165,743 in the first quarter of
1942
In
the
155,
1685.
p.
Sierra Pacific Power Co.—Earnings—
1942—Month—1941
1942—12 Mos.—1941
$195,716
$188,439
$2,578,458
$2,313,286
144,357
116,845
1,650,293
1,333,50.2
$51,359
$71,594
$928,165
$979,784
920
Operating revenues—
operating revenue
928
3,620
Total
and
v
taxes
f
Utility operat. income
Other
and
income
Gross
Apr. 5,'41
$9,257,484
liabilities
present rates.—V.
2,500,000
$4,656,546
$0.36
period
retirement
Retire,
_
before
income
accruals
taxes
(net)
■
?
reserve
$52,279
————
reserve
^>275
1
$72,522
$931,785
r,
$983,059
13,872
13,847
165,769
147,458
$38,407
accruals
$58,674
$766,016
$835,600
Liabilities
-
•Includes operations of Marinette Paper Co.,
Note—1942 tax provisions includes
above
11,081,163
of
taxes
Earnings per share of common
66,594
$441,299
shr. On 667,942 shares
Current
$488,900
65,783
shares
earnings for common shares—
Per share comparisons for common shares:
taxes
for
accruals
preferred
on
expend.
devel.
amort,
before retire, reserve
$507,083
Net
Total
for Federal
deductions
taxes
earnings
Dividends
intang.
debt &
Period End. Mar. 31—
Balance
Net
depl.,
funded
$766,844
389,465
sales
Distribution, admin, and general
Prov. for
deprec.,
on
47,044,710
63,534,889
$22,254,219 $15,945,936
$2,158,756
i7;083
on
1942
1941
$85,789,108 $62,990,646
Costs, selling & general expenses
1942.—V.
profit
1942—6 Mos.—1941
$94,709
$915,761
{$0.05
{$0.51
$646,057
{$0.36
*$99,886
Nil
—"
share
per
(I
f
'
,n
1942—3 Mos.—1941
prof. aft. chgs., etc.
(2)
*Anr. 4 '42
——_——
goods sold—
Gross
share on the
dividend of 35 cents per
a
This
payable June 15 to holders of record May 25.
with 25 cents paid on this issue on Mar. 15, last, and^oh
15, 1941,
The previous dividend was paid in 1937.—V. 155, p.: 926.
stock,
quarter of 1942 amounted
1941 quarter.
Earnings—
Three Mos. Ended—
sales
60,000
$206,710
stock and surplus
Scott Paper Co.—Statement of
Net
the
on
compares
Servel, Inc.—Earnings—
of
dividend
share
with 65 cents paid on Jan. 2,
June 30, 1941, and 65 cents on Jan. 2, 1941.—V. 154,
June
directors have
B
March
$60,102
_
amortization.
Debenture
Dividend-j-
of 75 cents per
dividend
compares
106,329
22,009
Balance
total,
$265,107;
641.
p.
330,159
17,560
' •
Total current assets..—
1942
.
155,
75 cents on
class
173,182
32,775
,v
Co.—Earnings—
Quarter End. Mar. 31—
$42,435;
debentures),
amortization and abandonments
83,553
taxes—
"Excluding State and Federal gasoline and oil taxes.—V. 155, p. 1927.
Earnings before Federal taxes
155,
1942—12 Mos.—1941
90,679
23,936
payable
$1,064,356
86,795
$539,394
debentures
Amortization of debenture discount
tax.—V.
$2,545,962
■
Prov. for Fed.
Interest
profits
$61,345
and
Other
(net).
for
for
1417.
p.
Co.—Earnings—
$1,039,242
17,205
.
profit
income
last;
Prov.
Power
1,536,557
Non-operating
excess
$12,644,263 $10,398,124
Selling, general and administrative expenses—
Net
Federal
revs—
oper.
Cost
Total operating revenue
Cost of sales and services-
to
$3,128,303
taxes
Balance
1942
carrying charges, $397,188; lOtyear
$718,500; 6% cumulative preferred stock
stock ($4 par), $624,204; paid-in surplus
payment
of dividends under provision of trust
common
16.
but
$224,764
—
income
months,
of
*$126,688
bonds
4; $268,838
Subs.)—Earnings—
Quarter End. Mar. 31—
Other
*$2,668
outstanding
on
117,486
Balance
Int.
—V.
Richfield Oil Corp. (&
*$17,662
accrued
1942—Month—1941
Depreciation
Federal
&
J.
Reynolds, son of the late R. J. Reynolds, founder of the company, has
been elected to the board to fill the vacancy caused by the retirement
of
William
N.
Reynolds.
Richard J. Reynolds has recently been
accepted for duty with the U. S. Navy and is expected to report to
ship
Electric
revenues
Maintenance
Other
Reynolds Tobacco Co.—Resignations, Etc.—
the
subject
not
six
and
insurance
Gross income from operations
Net
(R. J.)
$10,434
interest
Operation
Co.
within
debentures,
directors have
Gross
Operating
"Includes
maturing
unsecured,
:
charges
{Includes
$67,465;
ers
100,551
fixed
Period End. Mar. 31—
profit, Rep. Petrol.
Earnings
after
Savannah
expenses,
depreciated amounts, $10,236; furni¬
reserve
for depreciation, $34,662),
preferred stock, par $25, payable June 30 to hold¬
the
1
33,427
unpaid.
depletion and
deprec.
prepaid
sinking
non-cumulative
11,005
$15,856
charges—
•Deficit.
and
$li;'878;
costs,
$21,946;
6%
*$37,083
3,835
1
inc.
payable,
$717,900;
available
Earnings
$43,862
income
fixed
interest,
$9,035,269.—V.
58,452
Cr2,637
deductions
{Total
at
(less
cost
of
balances
unpaid
officer,
$9,095,269.
convertible
par),
indenture
$20,160
21,176
income
Misc.
charges
business,
at
of
life
on
:
$58,566
oper.
in
at
reconditioning
and
insurance
notes receivable, .$8,materials,
replacement
carried
etc.,
rwy.
rents
rwy.
Total
of
31, 1942
$929,490;
automotive
(The) Serrick Corp.—35-C,ent Dividend—
286,462
revs
oper.
facility
exp., net of other
income
($25
1942—3 Mos.—1941
$345,028
oper.
income
cap-
_
15,058
Other
4Vs%
Dec.
Net
Net
il
discount,
5
,.*,A
1942—Month—1941
and
deferred
$783;
fixtures,
total,
hand,
on
repossession
plus
used
and
automobiles,
value
146,551
i $0.&7
::
$5,650,000; dividends payable
(paid April 1, 1942), $42,034; accounts
payable and accrued items, $224,417; dealers' participating loss reserves,
$288,048; reserve for credit losses, $125,437; deferred income—unearned
542.
p.
$0.26
Securities Holding Corp., Ltd.—75-Cent
per
'
ital
$26,077;
The
cents
par
Period End. Mar. 31—
Other
Profit
of
value, payable June 15 to holders of record
May 29.
This compares with 37J/2 cents per share paid previously
each quarter, the last disbursement at this rate having been made
no
Railway tax accruals—
Equipment
and
joint
Co.—Earnings-
and
(not
declared
operations
Republic
deposit,
automobiles
Co.—Larger Dividend—
have
notes
surrender
fund
cents was made.—V. 155, p. 925.
Stock Offered—Smith, Barney & Co.,
May 18 offered after the close of business a block of
Of 12% net.
on
rates.
Rutland RR.—Earnings—
Reading Co.
$0.49
profits taxes based
"Figures do not include company's equity in earnings of Ruberoid Co.,
(England).
{Earnings per share are based on 397,806 shares of
capital stock outstanding at March 31, 1942.—V. 155, p. 1757.
Russell Mfg.
quarterly dividend of 37'/2 cents
per share on
the common stock, no par value, payable June 15 to
holders
of
record
May 29.
A
similar distribution
was
made
on
March 16, last, and cn March 15, June 16 and Sept. 15, 1941, while on
Dec. 15,
increased
$193,097
$0.47
excess
Ltd.
The
May 20 declared
cash
profits taxes and
37 V2-Cent Dividend—
The directors on
$188,844
Note—Provision for Federal income and
$0.36
$121;,:958
profits taxes.
receivable
Liabilities—Notes
194,000
Excess profits tax__
"Earnings for the period
■{Earnings per share
Raybestos-Manhattan, Inc.—Earnings—
banks
repossessed
30,000
surtax
1685.
p.
in
accounts
respective
1941
$551,844
for
149,051
$0.61
excess
$23,841;
$5,805,569
tax
$189,567
151,551
Balance Sheet, March
depreciation, less
profit
$222,620
156,051
stk.
com.
$35,700
003,552;
1942
expenses,
"Includes
$265,107
$4)
(par
1845.
of
as
——
stock
common
outstanding
Earns, per sh.
ture
Normal
45.01%, making total
of
Assets—Cash
income
Provision
$3,282,285,
issue
$166,000
Catholic
Co.—Earnings—
goods sold,
other
bonds and other notes
quotations
the
Roman
sales
April 30, 1942
shows: cash and net receivables $364,235, or 4.83% of total assets;
short-term discount notes of finance companies $424,483, or 5.63%;
summary
that
the
Quarter End. Mar. 31—
Net
1941.
of
of
[Including Wholly-Owned Subsidiary Companies]
212.71
8.75
stock
attention
bonds
the
Missionary Servants of The Most Blessed Trinity,
1, 1942, was originated by Bitting & Co., St. Louis, and not
Ruberoid
Apr. 30, '42 Oct. 31, '41 Apr. 30, '41
$188.52
$215.97
$212.39
Per $100 of coll. trust bonds
Balance, March 31
Shares of
our
by the firm of Weil & Arnold of New Orleans.—V. 155, p.
outstanding as at the dates shown:
A
and
dated Feb.
39,760
Bishop of Mobile and the Missionary
$7,688,035
3,114,599
2.170,301
Gross
income
Total income deductions
(including
interest)—
.
8,241
7,099
97,353
123,531
$30,166
$51,575
$668,663
$712,070
acquired Sept. 22, 1941.
approximately $97,000 for Federal
p. 1758. — •
—•
Net
—V.
income
-
—
155, p. 1846.
-
<
-
-
-
„
...
~
2014
THE COMMERCIAL & FINANCIAL CHRONICLE
Silver King Coalition Mines
For
Co.—Earnings—
stantial
:
.
vision
the
quarter ended March 31, 1942, company made a net
profit
$90,459 before depletion and before Federal income taxes of
$13,003.
Net book profit after all taxes and
depreciation, but before depletion,
$77,455, equal to 6.3 cents per share on 1,220,467 shares of $5 par
value
common
For
$358,904,
29.4 cents
or
per
1942,
the books
outstanding
show
share.—V.
profit of
1127.
154, p.
Quarter End. Mar. 31—
Gross
operating
Costs,
Operating Income
Dividends, interest and
7,424,084
$2,153,268
503,120
$4,062,072
36,575
$2,656,388
—
income
income
Int.
and
amort,
serial
and
Provision
for
discount
exps.
and
write-offs
of
etc
111,208
1,188,101
1,282,753
flight
income
before
174,000
180,469
$2,457,536
Frov. for inc. and
$1,144,917
1,157,500
Net
-
of
Earnings
the
close
first
of
$1,300,036
981,348
$1.32
;
for
income
quarter
those
$898,917
981,348
outstanding
share
per
Note—Provision
of
and
excess
and
1941
1942
profits
at
quarters, respectively.—V.
tax
154,
of
taxes
$0.91
calculated
was
in
rates
first
effect
the
at
profit
after
tEarnings
ized
profit
prdfits
1,100,119
together
with
reflected
we are
the
the
for
income,
provision
Retire
called
of
for
rate of
savings
taxes
assets
and
of
taxes.
for
made
company
1942
all
net
$445,646
a
276,237
including
and
other
in
the
first
normal
instruments
1,550
Total
oper.
op.
of
shares
for
the
for
Net
oper.
non-oper.
Net
rev
and
of
of
shares
5%
and
cumul.
surrender
provision
Gross
for
Fed.
$3,691,616
debt
for
the
taxes,
New
Preferred
Federal
8,991,371
of
total
York
Directors
$337,752
$1,394,133
$0.48
$2.19
share.—V.
1942 are being
accrued at
a
rate in
excess
effective rate.—V. 155, p. 1317.
Apr. 30—
$1,880,775
Surplus
—V.
63,413
579,554
66,304
450,087
416,971
$125,896
$122,712
$851,134
$815,137
117,279
115,031
816,743
3,617
$7,681
$34,391
$15,369
1846.
share
(no
stock
connection
in
or
31,
with
50,000
declared
granting
election, of
his
time,
any
issue
dividend
a
of
10
cents
last,
1.
A
and
operating
Other
3941,
of
output
Standard
the
Electric
public
Oil
and
of
Total
$2,503,853
1,703,597
taxes
income
$709,099
Net
•v
•
213
177
$709,311
in
446,881
periods.
No
estimated
Federal
with
provision for
no
such
income
the
profits
excess
tax will
for
tax
Revenue
Acts
tax
the
above
effective
has
155,
*
to
the 7%
on
,
holders
of
record
May 29.
Arrearages
ceding quarters.
to
$29.50
share.—V.
per
during
been made,
March
on
as
was
such
it
at
net
account of accumu¬
Gross
distribution
was
made
in
in
was
earnings
$4,525,472
Gross earnings
$4,601,229
inc.
—Jan. 1 to May 7—
1942
1941
$3,173,471
Period End. Mar. 31—
;Total
and
Net
Other
operat.
1941
income
were
deducts,
2,645,203
144,542
$733,124
543
738
"After
$733,863
$815,560
74,347
284,102
$449,761
$521,960
of
provision
tAfter
1941.
50%
of
of
30%
provision
of
earnings
for
of
Federal
40%
for
•
for
t$l,510,805
Federal
income
Federal
$1,612,864
income
taxes
in
income
pared with 27% for the Federal income taxes in 1941,
depreciation and Federal taxes.—V. 155, p. 1927.
taxes
first
taxes,
as
quarter
as
com-
$ After interest,
1,300,000
no
as
declared
"After
common
provision
$3,146,440.
The
for
tax
t$633,670
$1 44
share
Federal
provision
income- and
is
18,000
$309,373
$292,799
$0,027
$0,035
estimated
excess
and
31
2
^
—
class A and com, stocks
on
vehicles, three months 1942,
453,646;
404,014.
1941,
^
issues,
and,
in
addition,
paid
dividend of
extra
an
the
during 1941 and 1940.—V. 155,
p.
25
64,2.
Talcott, Inc.—Dividends—
May 20 declared
on
common
stock,
payable
July
1,
a cash dividend of 10 cents per
$9, and the regular quarterly dividend
partic. preference stock, par $50,
holders of record June 15, 1942.
Like
par
the 5%%
on
1942,
to
paid on April 1, last,
participating dividend
were
a
which date
on
of
33.8
cents
the
also
company
share
per
the
on
preference stock.—V. 155, p. 1607.
—_—
$0.37
Co.
Tampa Electric Co.—Earnings
Period End. Mar. 31
not
profits
is- based
$384,570
follows:
March
155, p.
restrictions.
Furniture
$1.28
taxes
upon
of
sub¬
396,588
298,401
4,285,732
3,326,394
$132,906
$183,889
$1,811,194
$1,942,101
of 50
June
March
on
to $478,842.
cents
to
30,
per
share
holders
last.
29, $1; June 28, $1.50;
1221,
i
on
of
1
furniture
stores
this
in
in
155, p.
Quarter End. Mar. 31—
W.
"After
all
on
$1.53
$1.64
basis
for higher
V. 155,
of present tax laws,
and an
taxes anticipated under the new
excess
additional
profits
$200,000
p. 1686.
"Net
1
Per
share
of
stock-——
common
income
and
common
excess
$2,052,865
596,678
300,744
1941
Dec.
'
common
basis
Revenue
of
the
excess
profits
maximum
excess
year.—V.
155,
of
excess
tax
profits
for
—V.
•-
,
•
a
dividend
of 35 cents per share on the
payable June 15 to holders of record
similar distribution was made on March 14, last.
the following dividends were paid on this issue: ' March
14,
60
15,
each;: Aug.
cents
28
5,
cap.
Sept.
Duririg
15 and
15,' 28 cents,
1942, were said to amount to $59.53
p." 831.
155,
56. cents;
and
>
cents.
Texas GwIf
per
share.
f
iSulphur Co., Inc.—EamingSr-
March 31-—
1942
t*l,829,485
(no
stock
-1941.•
•
1940
•
,
-
-
1939
« '
3,840,000
par)'—————-w
<
;$2,14^381$2,043,008• $1,434,486
;•
;3,840,000
'3,840,000
$0.48
$0.56
$0.53
Earnings per share—-
.
3,840,000
;
$0.37
amortization,
contingency and Federal income
taxes, including excess profits taxes in 1942.
.
v
tAfter deducing $134,681 for depreciation, $238,790 for amortization,
$75,000 for contingencies and $920,200 for Federal and foreign income
and excess profits taxes at the rates now in effect.
""
'
As
at
March 31,
1942 current assets (including cash and U. S.
treasury notes. $14,373,465) amounted to $17,983,039., This does not
depreciation,
"After
Current
liabilities
amounted
to
.
Note—Laws
1942,
above ground
provision for
(Including
$5,445,735.
$1,466,805.
increasing
apparently will be
Reserve
for
or
materials and
current
v;:.;; .v.;/:,' ■.-•
Federal taxes on income,
enacted
and
taxes
contingencies
supplies,
$4,986,645)
amounted
to
/
effective
therefore the net
Jan.
-
1,
earnings above
be higher than they will eventually prove
provision is made for such tax increases.—V. 155, p. 1127.
reported
may
to
be
when
$0.68
Tex-O-Kan Flour Mills Co.—Accumulated Dividend—
tax.
1942
liability under
taxable income.
$0.93
127,498
$0.64
Act at the rate of 80%
for income and
for
and
expected
$2.55
• •
stock
income
the
173,246
119,491
_
provision for income and
on
11,109
$1,503,267
A
Arrearages on Jan: 15,
$1-61
477,187
profits tax___
profit to surplus———
share of
$3.19
——
stock—
1941.-:
$2,917,834
>
for
-
•
..
include inventories of sulphur
':;
1942
—
profit
Provision
bill.—
revenues
Subs.)—Earnings'I.-VC.-
sales
Per share of
8,053
.
Quarter End, Mar. 31—
Net
war
112.
directors have declared
29.
June
1941
charges, including provision for income and
the
reserve
:
$1,375,838
announces
the election of Fred H.
in charge of western sales, with headquarters
p.
first preferred stock, par $100,
May
Shares
$2,858,179
>
1,010
President,
Mann,
Vice-President
as
•Net lncome--vr—_-wl-
1942
share
430,000
$1,514,376
Telephone Bond & Share Co*—35-Cent Preferred Div.
1606.
"$2,667,810
common
430,000
$1,383,891
$147,140
(int.)_
Chicago.—V„ 153,
•
southeastern
seven
380
$96,762
deducts.
Ellery
in
department
for the month of April
"• '
'
'
with general offices in Knoxville, Tenn.—V.
Net earnings
$97,142
.....
155, p. 1846. •;:«•;
The
1942—4 Mos.—1941
decrease
year.
35
,35,834
$148,150
income
Ewald
Sept. 30, $1, and
$1,860,607 - $2,256,442
department produced sales of
1942, to $82,000, largely because of Gov¬
last
35,833
income
Tampax, Inc.—New Vice-President—
in
$735,821
sales decreased only 3.99%
operates
$1,944,376
the
...
a
2,275
$1,813,891
accruals.
reserve
Income
record
Payments
electrical
represents
2,697
$183,984
Total
7%
This
95
$132,975
income
Gross
Net
„
69
—
(net)—_
income
Gross
Retire,
30
$5,268,494
de
$1.59
,
1942—Month—1941
with April,
corporation
per
1942-r-12 Mos.—1941
$6,096,927
Other
$477,963
1846.
paid
$530,500
Earnings
1942—Month—1941
$482,290
Operating revenues —
Operating
revenues
included.—
-
$529,494
Utility operat. income
is
1942—9 Mos.—1941
payable
was
Federal
1941
"$541,170
$1.23
__
per
Oil
155, p.
dividend
a
value,
par
amount
Net
1942
profit
tEarnings
24,106
12,000
distributed
$4,799,184
current liabilities amounting
$1,606,010.—V.
"Before
Quarter End. Mar. 31—
:
10,801
16,092
cents per share
amounts
$0.64
Per
Square D Co.—Earnings—.
Net
preferred
10,780
3 Mos. Ended
1942—12 Mos —1941
$175,481
332,931
$345,707
stock
directors
on
both
Inc.—Earnings-
Sullivan Machinery Co. (&
1942—3 Mos.—1941
The
of 68%
533,000
Sterling Products (Inc.) & Subs.—Earnings—
293,600
$153,146
"$80,610
deduction
at
were
like
compared
The
Spiegel, Inc.—Earnings-
against
335,916
<,
these
on
share
estimated Federal taxes and all other charges.
March 31, 1942, showed cash of $494,757, which
75 cents.—V.
69%.
as
2,585
$227,493
72,131
__
Standard
$0.45
April, 1941, the
$268,000, which fell in April,
$812,976
(includ.
Period End. Mar. 31—
$12,776
Stock
A
(James)
'
134,375
$195,025
;.:,V
Note—In
taxes
J Net profit
19,000
$12,329
—
cents per share in each quarter
628,998
2,238,929
$125,911
>
11,828
directors on May 19 declared a quarterly dividend of 25
cents
share on the class A stock, no par value, and on the common
stock, no par value, both payable June 30 to holders of record June 15.
Previously, the company made quarterly distributions of 50 cents per
4,628,349
tax__
$135,363
sales
Net
of
$198,042
—
——
18,959
25,000
5
The
Sterchi Bros. Stores, Inc.—Sales Lower—
$3,051,905
501
_
37
-
—
Income taxes accrued—
$348,245
cumulative
share
1,450,000
1942—3 Mos.—1941
Period End. Apr. 30—
States,
678,474
(net)
income
interest)
$3,378,327
$226,950
300
.
$43,604
per
Starrett Co.—50-Cent Common Dividend— /
A
ernment
1942—12 Mos —1941
816,563
$43,304
,
$56,325
Smaller Dividends—
for
of total
stock,
Dec. 30,
Co.—Earnings-
$905,424
$197,540
_
operating income
Gross
Total
$1,014,104
'
1
Jan.
the
$0.42
Arabian
directors have
16.
expenses
taxes
$56,025
——
Number of
in
—V.
—Jan. 1 to May 14—
1942
1941
1942—3 Mos.—1941
revenues—
sheet
assets
(L. S.)
$3,368,349 $82,428,381 $61,507,649
Southwestern Light & Power
18,294
4,729
,..
4,662
contingencies—
March
Earnings per share
$5,456,952
$77,827,152 $58,139,300
1941
8,734
16,712
.
surplus
Common
pre¬
The earnings given in the "Chronicle"
of May 18 covers the
9-day
period ended April 30, not the week ended
April 30.—V. 155, p. 1927.
oper.
10
interest in earnings of Behrein Petroleum Co.
300,000
provision
common
1942
Total
July
under
profit
shares——
excess
current
June
Week Ended May 7
1942
1941
Week Ended May 14
,
10.
$13,552,652 $10,094,908
—_1
—
common
14, 1942, were said to amount
Ry.—Earnings-
Period—
,___„
15,689
9,408
•
ductions and taxes-
profit
The
Southern
5%
237,313
rates
additional Fed.
possible
Earn, per sh. on
1686.
p.
$90,749
18,086
capital assets..—;
other
profit
Class
1941
—
(estimated
period End. Mar. 31—
"Net
is
$100, payable June 15
par
$104,893
——_________
—i.;;—
Dividends:
1686.
p.
Balance
A similar
on
155,
for
Total
$5,
par
5,108,387
Act)
California
"After
preferred stock,
17,307
22,931
300
sale of
and
distribution
494,592
_
«
dividend of 1%
a
cumulative
19,013
22,933
—
$9,321,367
amortization
and
Standard Products Co.,
$230,902
periods
be due.-
The directors have declared
and
Ltd.
Accumulated Dividend—
lations
stock,
companies
».
..
Note—Company's 50%
455,435
$262,431
for
accordance
from
Reserve
$686,337
(including interest)__
income
Note—Provision
made
Loss
Federal
on
184,134
tax
Consolidated
$686,159
revenues
deductions
;
$130,988
$2,389,756
1,794,754
for
;
;
1941
$146,845
_x—-
——
income
Surplus,
share
1942
income
depletion
income
•
1942
,
tolls———
—
Total
i:^
per
$12,873,925
1
income
Revenue
Reserve
1941
income
income
$5
California—Earnings—
long-term debt—
on
1941
V.
Gross
Profit
to
time,
to
per
April
operating
received
Depreciation,
$499,971
per com, share.
on income in 1942 -is estimated at
Income before taxes and includes provision for
profits taxes.—V. 155, p. 1419.
Other income
.
Co
Co.
miscellaneous
net
115,340
' "$190,693
of
Taxes
Interest-.- -^--—-——-I---—
Financing costs "21
option
at
S.
Co.—Weekly Outpututility
Operating income
Other
54,993
•."$219,614
Gross profit from operation.—
Administration and general expenses
payment of 20 cents
a
Quarter End. Mar.31—
Federal
.
income—Interest
an
time
similar
on
Earnings per share—
Net
making
James
stock
common
of
June
20,
while on Dec. 20,
made.—V. 155, p. 607.
&
$384,631
shares.
to
from
or
cumulative preferred
record
March
on
last year,
Gas
a
1940
$135,700
23,400
—i———
Operating and maintenance—
Depreciation—-—-,—^—--—
$427,452
system for the week ended May 16, 1942,
156,530,000 kwh. as compared with 136,004,000 kwh. for the cor¬
responding week last year, an increase of 15.1%.—V. 155, p. 1927.
Co.—Earnings—
1942
revenues
profit
1941
$196,213
i'
Tacony-Palmyra Bridge Co.—Earnings—
196,634
agreement,
12,698,108
the
shares of
the $1
on
holders
to
this
was
like
1846.
have
10
on
10,
Standard
1942
;
(net)——_—
Income from
the listing of 50,000
official notice of issu¬
option
an
applied for
at
part
1948,
A
Corp.—Earnings-
:
3 Mos. End. Mar. 31—
v
168,834
$692,188;'
par), on
to
approved
Standard Gas & Electric
Interest
operating expenses
stock
pursuant
1941,
25.
Note^-Provision for Federal taxes
piofits taxes.—V. 155, p. 1221.
19,
June
Total
Years End. Feb. 28—
Total
•\
799,768
divs._
Southern Colorado Power
Operating
$488,722
common
in
May
In addition,
155, p. 1318,
year.
Exchange has authorized
of accumulations
per
record
last
"Equivalent to 21 cents .in 1942 and 24 cents in 1941
,
617,298
151,943
full
all
155, p.
made
479,264
r.
155, p.
of
Dec.
directors
Dividends
&
213,532
216,831
common
in
account
$1,711,372
81,576
67,255
k: Net earnings
Int.. deprec. and
income
Net
.
Standard Coated Products Co.—Accrued Dividend—
1942—7 Mos.—1941
$252,429
Taxes
Other
$1,410,218
710,424
205,090
Ltd.—Earnings—
$274,727
__.
Operating profit
1939
totaled
1942—Month—1941
earnings
Operating expenses
Symington-Gould
3 Mos. Ended March 31—
Net
$2.27
Southern Canada Power Co.,
Period End.
1940
«
$1,670,242
$0.32
income taxes for
Gross
$1,759,645
583,877
excess
Dec.
on
before
Oct.
of
19,
Earnings-
$463,900
Stock
Adams, President,
purchase for cash
and
Dec.
declared a dividend of 25 cents per share on the
stock, payable June 12 to holders of record May 29.
Payments
were
as
follows: May 15, 25 cents; Sept. 15, 40 cents; and
16, 25 cents.—V. 154, p. 1731.
1
Dec.
but
representing sharos
Co., 140 Broadway, N.
$1,502,962
—
amount
Electric
of the present
stock,
certificates
220,232
payment
was
holders
to
and
directors have
Surplus,
"$168,573
share-
com.
pref.
"1,966,300
est
payable
1,193,560
Remainder
5,744,913
$2,788,044 $12,026,586 $12,302,938
1,256,289
5,063,544
5,063,722
1,194,002
5,568,910
5,568,974
1,256,301
dividends
Earned per
"Deficit.
1,251,322
$2,281,288
dividends
Common
and
or
15
2
1941
'
Standard Brands Inc.—Listing—
1942—12 Mos.—1941
June
June
on
at the
,
$4,039,366 $17,771,499 $21,294,310
1,410,328
dividends
been
868,152
profit
The
discount
Balance
of
in
have
1941
i
"Includes Federal
amortization
and
of
have
stock
1942
—
inc.
Net
of
Ltd.—Earnings—
paid
was
the cbmmon
on
Swan-Finch Oil Corp.—25-Cent Dividend— '
for war
Holders
common
share
one
stock
divs.
and
$3,518,584
earnings
$2.40
'
stock dividend was paid on. the latter date.—-Vi.
■
pref.
conv.
107 V2
redemption
Depreciation
stock.—
common
payable
$1,
par
amount
or
3 Mos. Ended March 31—
472,692
1942 and
common
Shares—
stock
common
<;.
1941
$l,347,353
of $207,458 in
reserves
dividend of 5 cents per share has been declared
stock,
excess
$3,982,575 $17,300,661 $20,375,191
56,791
470,838
919,119
87,465
—
earnings
Int.
-
$3,604,151
rev._—
is being taken
s '■
1942
$l,80l,516
—
extraordinary
all taxes and
approximately 55%.
on
WNet
A
5%
■
or
on
Expenses
$12,139,285 $11,212,173 $49,571,559 $46,910,521
8,535,134
7,229,598
32,270,898
26,535,330
& taxes
armed
'
Sunray Oil Corp.—5-Cent Dividend—
•
precision
forces, will
The
of June 30 at
as
presentation
City,
ance
1942—3 Mos.—1941
revenue
exps.
on
manufacturing
time to convert their shares into
additional shares of
Total
earnings,
and Canadian Subsidiaries)
'
—
$135,652 in 1941.—V. 155, p. 1127.
at the Guaranty Trust
Union Guardian Trust Co., Union Guardian Bldg., Detroit,
prior to date of redemption, holders of called stock may
receive payment therefor at 107 V2 and divs. to June 30, 1942.—V.
155,
p. 1928.
Y.
The
Period End. Mar. 31—
After
redemption said right to convert shall terminate
days prior to the date for redemption.
\S
Mich.,
V.'155, p. 1127.
<
quarter
profit
.
Preferred
1,550
redemption
Vk
Upon
subsidiary.
income
additional
shares
Southern California Edison Co.,
in¬
from
.
division,
indirectly."-
or
unreal¬
an
Canadian
a
special
tOn
arising
(Including Domestic
:
Common
shares
outstanding——————428,041
Earnings per common share-——;——-,——;
$3.71
quarter
to shares called for
five
$1.47
—
after
of
of
•Net
an
making for the Army and Navy.
Kollsman
422,390
$1.41
_—........
conversion
to
taxes,
$240,465
595,974
"408.577
—
taxes
net
on
addition
$3,867,153
share—
per
"Consolidated
In
1941
$5,395,944
_
Net income before taxes
Net
showed
1942
t
t
.9 Months Ended March 31-^
excess
1942
sales
of
1220.
p.
Smith & Corona Typewriter, Inc.-—Earnings—
V. Quarter End. Mar. 31—
Net
j
that of the corresponding
over
(A. E.) Staley Mfg. Co. (& Subs.)-
(L. C.)
1
/.
quarter
The entire output of company
directly
total
called
^
—_
stock
common
partially
high rate.
a
A
246,000
profits taxes
excess
income
Shares
for
taxes—
involume,
instruments
purposes,
as
Net
only
the right at any
.
the
approximately 80%
capacity
To
111,208
_
in
'
Monday, May 25, 1942
-
(E. R.)-Squibb & Sons—Earnings—
tOn
31,693
undeveloped oil
:
pro¬
be very materially
increased in the latter half of the year through
the. completion of increased facilities, i This division is
operating at
100% of capacity and the other divisions of the company are
operating
debs.
on
—„—
properties,
gas
and
_
depletion and depreciation—
Cancellations
and
of
notes
;
,
business
princlptil items which
"The
at
Total
Non-operating charges
of
increase
reductions,
the
$3,463,216
taxes, etc
„
revised
creased
$9,270,948
7,117,680
598,856
oper. and general expenses,
of
1941.
"This
•
1941
•
■
$10,887,300
____
of
deduction
profits taxes of $1,159,970.
President, stated;
volume
increase
tAfter
excess
efficiency in the operation of our Kollsman aircraft instrument
division, has permitted the company to make very substantial price
1942
income
rates.
and
net
a
Skelly Oil Co. (& Subs.)—Income Account—
>'
1941
over
income
'
Magin,
"The
of
March 31,
W.
F.
outstanding.
the year ended
increases
for Federal
42,360 shares.
of
v
have
the
The
been
1941
The directors have declared
provided
proposed
1942
provision
profits taxes has been adjusted to the final rate
p. 1519.; £ 7
>. ■ <• •
—
of accumulations
to
holders
March
of
on
the 7%
record
May
a
dividend of $1.75
cumulative preferred
15.
A
similar
per share on
account
stock, payable June l
distribution
was
made
1, last, and on June 1 and Sept. 2, last year.
Arrearages
1942, totaled $3.50 per share.—V.U55, p. 831.
- ; r
March 2,
.
as
t 'r
on
at
'
Volume 155
:
'
THE -COMMERCIAL & FINANCIAL CHRONICLE
•
>
«-'r-
Quarter End. Mar. 31—
*> Gross operating income
Deductions from
:—
—
$785,987
v
section of
is
which
,
the report dealing with research, the
company stated
experimenting with types of paper and construction of pack¬
will give paper wider usage in the packing and
shipping
of food products," chemicals/
agricultural, and
.'.■products.
' ' ■ \
\
435,517
i
a
it
,
1941
1942
-
$1,020,467
A 506,355
operating income—
gross
■
In
that
ages
Texas Pacific Coal & Oil Co. (& Subs.)—Earnings-
:
"
Number 4075
wide
a
variety of
United Biscuit Co. of America
Net
other
income
credits——————A--—-—--
5,722,
VAA/.
in
4,326
of the pamphlet deal with the uses of
pulp and paper
development of the Savannah plant, the largest single kraft
mill in -the world, the reforestation program of the company
designed
Gross
income
•Income
charges
Provision
Net
for
to
surplus
•Lease
26,171
—
$195,597
•Earnings
dry
liability for
Interest
-
•After
taxes.-
indenture
of
on
■
The
of
purpose
present
the
outstanding
is
issue
$1.01
for. increased .income,, excess
and
profits
the
other
be
paid
deducted
from
borrowed.—V.
A'a/A
the
will
charge
utilized
not
are
the
155, p.
banks
stock,
•common
each
payable
with
compares
50
June
cents
July 1, 1941.—V. 155,
15
holders
to
share
per
Sept. 15 and Dec.
on
paid
on
share
cents per
4.
75
of record June
March 15, last;
the
on
interest
actually
with
dozen
a
no
,
small
a
immediate
r.
which
fee
by the company. This fee
paid on funds which may
'
>
This
cents
'
J
1942
taxes
Sv .•Net
share
per
Apr. 25, *42 Apr. 26, '41
$843,392
$789,510
34,245
58,174
K
all charges and taxes,
tIncluding gross income
operations of the subsidiary finance.company.—V.
on
directors
and
from service
155, p. 1928.
have
declared
a
dividend of
50
cents
share
per
stock, payable June 10 to holders of record June 1.
common
distribution,
made
was
March
on
last,
28,
while
during
Tubize Chatillon
•After
Federal
taxes.—V.
common
and
1941
Sales
Total
459,638
$0.58
Our
annual
war
economy,
this
15
under
years,
of
tbese
notes.
from
this
sale
of
as
which
under
the
to
1942,
debenture
a
proceeds
Under
the
referred
connection,
insurance company
;Out
is
not
31,
1942
$20,349,823
investments
$17,766,382
73,312
59,379
—__
income
for
16,256,774
agreement with
an
subject
of obsolete
2,357,780
$1,888,315
to
debentures,
as
etc.
1,109,935
interrupted.
The
•
for
reserve
income
50,000
600,375
taxes—
$728,380
of
tax
the
law,
No
plant
—
increase of 147%
<an
increase
to
uncertainties
the
provision
provision
for
regarding
of
the
$50,000
its
volume
the
in
first
of
sales,
Current
taxes
as
well
Accounts
and
Assets
and
Current
and
receivable
notes
Federal
1942
as
its
•
Net
sales
Cost of
5,127,358
3,743,082
18,058,983
1,347,539
1,238,850
5,256,640
istrative
&
gen.
exps.
$1,021,873
$7,357,031
Federal
$4,281,127
"
Miscell.
income
(net)-.:
income
;
-
Interest
and
'
,
17,563
5,774
31,468
—V.
$2$5,267
374,597
the basis of the last In.
on
common
Federal
taxes,
interest.
'
that
states
for
from
first
out
these
;
1941
$2Q7,588
$0.34
$0.15
shares
depreciation,
•.
...»
,
scarcities
guaranteed please
>
.
in
some
materials
in
used
manu¬
$4,953,625
excise taxes,
55,101
income
1,304,078
1,396,478
Divs.
of
on
224,859
balance—
income
property,
etc.
taxes
2,272,743
3,111,007
956,520
p. 927.
$3,093,024
$5,284,061
3,487,766
4,650,355
*$394/742
—
213,425
3,826,080
3,826,080
$14,589^072 $22,375,668
16,276,243
22,089,186
$633,706 *$1,687,171
$286,482
•Deficit.
Note—The
above
statement
the
covers
income
of
The
United
Gas
Improvement Company only, as distinguished from the combined earn¬
ings of the company and its subsidiaries, which appear on the last
|
Earnings of Company and Subsidiaries
1942—3 Mos.—1941
•
.«'v
'v
•
<61'.-, .p' ■
-v
•
Oper. rev. of utility subs.
Oper.
rev.
deductions
1942—12 Mos.—1941
•'.«• V'"*
27,495,578
•'
•
$
■"
.
96,486,403
25,159,060 101,909,733
s
...
20,098,020
17,598,760
72,721,397
62,612,934
7,367,558
Other
Funds, Inc.—Dividends—
404,377
956,520
stk.
8.560,300
29,188,336
33,873,469
240,780
137,090
1,210,527
1,070,882
7,608,338
8,697,390
30,398,863
34,944,331
2,043,933
2,198,447
8,218,432
8,947,029
5,564,405
6,498,943
22,180,431
25,997,302
57,406
55,103
225,727
212,252
5.506,999
6,443,840
21,954,704
25,785,050
816,627
912,538
3,605,031
3,612,841
5,531,302
18,349,673
22,172,209
162,018
536,473
684,641
5,369,284
17,813,200
21,487.568
36,616,981
51,337,055
122,049
$6,240,581 $18,415,152 $26,201,748
stock
com.
$11,162,484 $14,553,327
capital
55,361
$4,049,544
stock
pfd.
for
common
222,343
$6,295,942 $18,819,529 $26,415,173
net
U
on
29,390
$4,274,403
Balance
•.'
—
—„—
155,
$6,325,332 $19,041,872 $26,537,222
58,249
—
Appropriations
Balance
334,838
from
——
income
348,762
676,074
deductions
Net
72,905
$4,332,652
income—
income
1942—12 Mos.—1941
$7,085,760 $21,702,057 $29,357,956
760,428
2,660,185
2,820,734
1,166,567
collected for State,
agencies—.
J:
$7,012,855 $21,353,295 $29,023,118
$5,008,72 6
$8,879,275
1,166,567
Co.—Earnings—
misc.
income
oper.
Other
3,933,224
—
Union Trusteed
$1,027,647
$7,388,499
The directors
20,360
$2,348,118
$4,301,487
154,650
55,048
•; 571,148
4,302,055
holders
53
cents
28
512,428
*412,000
Nov.
Dec.
on
initial of
an
income
have declared
of record June
on
cents
1,619,000
charges—
Fed.
*$243,607
income
Gross
(net)
income
-J
'
1,430,193
for
Prov.
for
page.
etc.
:K Working
to
Gross
1,400,650
on
expenses
Net
10,752,273
$6,419,096
payable
Total
14,307,668
r_
*
315,722
1942
invests, and other inc.
Total
20,566,504
4,523,816
4,663,277
Delivery, selling, admin-
1,373,000
Inc.—Earnings—
'
$6,003,805 $30,672,654 $23,252,072
$8,805,452
—
products sold__-
-
$915,586
/
-
1942—3 Mos.—1941
income
Dividends
19,974,910
payable, etc
1942—12 Mos.—1941
$2,330,555
:
1941
1942
$1,616,607
profits tax—
been computed
dividends—,
Total
Int.,
Dec. 31, '41
$62,499,539 $51,170,303 1
.Motor fuel etc.
Reserve
1942—3 Mos.—1941
J
,
,
Earnings of Company Only for Period Ended Mar. 31
Net
11,028,621
stocks of materials and supplies——
—
Dividend
-
V
further
1942.
Liabilities—
v
$1,430,193,
Earnings for Quarter and 12 Months Ended March 31
■
,
$476,640
income
$26,972,192 $15,918,307
J
Warehouse
taxes of $579,080 in the first quarter of 1941.
over
the
Corp.—Earnings—
—
bond
is necessarily
required in 1941
Liabilities
securities
Inventories
Accounts
totals
of
management
1941.
above
was
Mar. 31, '42
Cash, U. S. Govt, etc.,
•
quarter
the
1928.
United Gas Improvement
$0.27
proposed
shown
profits
excess
Assets—
Total
.
taxes
that
facturing operations and price ceilings affecting the 584 retail stores of
as
well as
the manufacturing
companies, are adverse
factors which
may hold
profits during the present and subsequent
quarters at levels relatively lower than during the first quarter.—
V. 155, p. 1928.
■
1
1 '
$1,273,006
$0.16
—
and It is hot anticipated that any will be required in
an
...
income
stock
Galvin, President, points out that the improved earnings
the first quarter of this year resulted primarily from a
gain of $4,000,000 in sales, a rise of 17% over the corresponding period
of 1941, accompanied by a much smaller advance in
operating expenses.
$1,873,381
'
Company continues
^earnings before taxes.
arrears.
the possibility of exchanging certain
holdings for its own preference stock.
Joseph A.
Total
$778,380
•Because
will be available
complete
Re¬
showing for
671,511
-
tankship
a
insurance, bonuses,
tentative.
at 3%%, for
sinking fund provisions.
2%%
10-year serial
we
Stock
provision for Federal taxes charged against earnings, including
up for undetermined Federal taxes, was $1,182,911
the first three months of 1942
against $92,471 in first quarter
for
<
$1,201,870
etc.
:
sale of
on
$3,559,650
2,278,046
——
equip.,
profit
income
a
$4,450,000
our
these
stockholders
utility
provision
and
14,266,111
$4,166,361
replacement
realized
risk
Net
at
desirable under
agreement an additional $2,500,000
"additional
facilities
our
Preferred
special reserves set
$20,423,135 $17,825,761
borrowed $5,500,000,
we
issue
of
measure
concluded
we
retired
we
enlargement
safety
a
of
subsidiaries,
1941
1942
Net profit per share,—.
property acquisitions in like amount.
Plant additions alone this year
will materially exceed this amount.
These new facilities will result
in substantially increased gross-earnings in the last quarter, if installa¬
tion
March
1928.
p.
Balance
March-30,
on
of
amounts
Paper Corp.—Places $5,500,000 Deben¬
report
In
the
profits
excess
Privately—Alexander Calder, President, in mak¬
ing public the quarterly report stated;
Savannah.
$6,914,502
Calif.—Earnings—
Balance
War
tures
i
494,069
loss
of
on
•Estimated
Bag &
of
any
Total
income
Profit
155, p. 1607.
Union
4,800,866
494,069
subsidiary
Total expense
S689.457
403,633
Federal
4,061,690
debt
—
1941
$1,167,524
and
taxes
tax
disclose
fol¬
the
$0.41
income
not
1686.
p.
profit
•After
718,849
$8,797,211
funded
respectively.—V. 155,
interest
Net
—
2,043,811
income
gross
Cash discounts on purchases and dividends and
the
on
1941,
Provis.
stock
State
do
operations
considering
United Drug,
He
A similar
1942
—
share
per
1942
Quarter End. Mar. 31—
charges and preferred dividends of sub:
Union Oil Co. of
Corp.—Earnings—
Net after deprec., etc., but before Fed. taxes—
•Net after taxes
Earned
from
3 Months Ended March 31—
lowing payments were made: .June 14, 30 cents; Sept. 15, 45 cents;" and
•Dec. 20, 75 cents.—V. 155, p. >1686, 1223.
Quarter Ended Maich 31—
deductions
on
part of
told
is
for estimated Federal excess
•Net
$15,396,780 $12,928,285
operating expenses include maintenance in
$2,275,234 and $2,082,486 for the 12 months ended
Transue & Williams Steel Forging Co.—50-Cent Div.—
The
clear up
also
•This profit has
Dr7,359
—
•Total
r
$0.03
•After
fees
i
the
$0.47
profits
excess
as
inventory method.
Due to the change in the
inventory method,
results are subject to possible adjustments.—V.
155, p. 309.
$12,935,645
income
Net
36,658
$0.06
common
on
to
company
concern's
Net profit
22,743,405
$15,338,606
„
—
Preferred dividends of
(& Subs.)—Earnings-^-
!
profit
Earned
of
155,
Value
Quarter Ended March 31—
Prov.
<-1941
25,595,628
revenues
income
Interest
16 Weeks Ended—
tConsolidated net sales
profits tax.—V.
excess
Earnings per share
Gross
Interest
,
months
Profit before prov. for Fed. inc. &
profits taxes.,
Provision for estimated Federal income and declared value excess profits taxes
$40,934,234 $35,679,050
expenses and
non-operating revenues
Miscellaneous
831.
p.
Tilo Roofing Co. Inc.
three
United Drill & Tool
(& Subs.)—Earnings—
:
revenues
operating
Total
1942, and 50 cents each on April 1 and
15,
first
1940,
1319.
Period End. Mar; 31—
Net
of 25
Federal
on
May 20 approved a reduction in the stated
corporation's $3 preference stock to $5 a share from $50
on
the preference stock amounted to $3.75 a share
and, according to George Howard, President, early action
taken
the
Thompson Products, Inc.—Dividend Reduced—
dividend
for
Arrears
V. 155, p.
arrangements
Union Electric Co. of Missouri
s
operating
•Total, operating
a
made
the
Howard
holding
$50,000,000 Set Up—
arrangement,
if the funds
be
Mr.
of
Total
declared
the
Corp.—Stated
April 1
will
\ $1.13
.
indebtedness at
The directors have
$0.52
been
stockholders
of
share.
a
■
be
be
955.
p.
The
value
on
J
will
provide funds with which to refund
a lower rate of interest.—V. 128,
to
United
A
4,255,170
$9,416,304 $10,545,636
will
of the Third Church of Christ,
further secured by a first mortgage
of the church located in the City of
Houston, find valued at $117,500.
'
192,044
6,841,991
charges.,
L-L
provision
Under
are
propertv
178,647
etc.,
with a view to providing against
contingencies. It has
Intention of using any part of it. it was announced.
the direct obligation
trust
has
the Second Revenue Act of
for
1941
$250,443
duced—
revolving credit of $50,000,000
be prepaid and redeemed on any interest date on 30 days' notice
and interest.
J. F. Tegeler, St. Louis, Mo., individual trustee.
are
taxes-
share—
common
company
1942
$276,892
depreciation and pro¬
etc.
provision
under
liability for such
1942 a1941
corporation
par
These bonds
the
the
and
(& Subs.)—Earnings-
:i The
on May 15 completed
banks in New York and in Chicago lor a
.
Scientist, of Houston, Tex., and
Note—No
provided
155, p. 1127,
debt———
amortization,
Credit of
1942; principal payable annually May 1,-1943, to and
including May 1, 1954.
Interest payable May and November at office
of the Mutual Bank & Trust Co., St. Louis, Mo.,
corporate trustee.
Bonds in coupon form—$500 denomination.
Any or all of said bonds
at
materials,
raw
Earned per
Houston; TexasCo., St. Louis, are
"offering $65,000 1st mtge. 4% % serial bonds—
,
Dated May 1,
funded
on
Balance
■
Third Church of Christ, Scientist,
Bonds Offered—Dempsey-Tegeler &
may
of
source
——$16,436,943 $14,992,849
—
Depreciation,
155, p. 1334.
profits tax.—V.
excess
company's
Quarter Ended March 31—
holes, provision for Federal income taxes in
The provision for Federal income taxes represents normal
surtaxes of $20,000, estimated- on the basis of the present
and
law—no
the
conserve
Federal
133,028
$266,552
to
activities of union employees.—V.
Union Carbide & Carbon Corp.
dividends)
(before
rentals,
1942/etc.
income
92,412
160,870
—
depletion, etc
depreciation,
$354,796
$519,834
——
„
for
Earnings per
war,-
paper
profit after interest,
vision
Other sections
$350,470
,,,,>$514,111
Other
(& Subs.)—Earnings—
Quarter Ended March 31—
18
15,
the
13:
following
44 cents
1941);
45
cents
payable June 20
dividends
B. A. share
U.
per
U.
per
(as
(as
against
B.
20, 1941), and 28 cents per U. B. C. share
cents
Dec.
on
20,
Total
inc.
deductions—
against
share
B.
(as against
Net
income of
utility
'
subsidiaries
Skg., etc., fund approps.
1941).
■
official
An
"These
.
"
Net
profit
Earnings
$763,275/
share
per
•The
:
revised
*$560,599;
,
$2,515,296
Although
*$2,170,059
•
$0.44
$0.60
statement
shows
net
of $416,292,
$1.98
or
$1.71
A;
on
reported by corporation for 1941, the
10th year of operation under the present management.
Net income
for the year ended Dec. 31 amounted to $2,168,313 after all charges
and provision for Federal income and excess profits taxes, according
to the annual report.
The 1941 net is equivalent to $1.70 a share on
•1.272,437 shares of capital stock outstanding, and compares with net
\ income of $2,134,391, equal to $1.68 a share in *1940.
Net sales of the
corporation last year totaled $27,871,007 against
$22,081,033 in i940, a gain of $5,789,974, or 26%.
Net income before
income and excess profits taxes amounted to $5,619,255 in-1941 against
$3,782,425 in the preceding year.
Federal income and excess profits
taxes in 1941 increased 112% over those in 1940, totaling $3,313,692,
growth
paid
net
from net
realized
investment
in
profits
Fund
June
'A'
and
meeting
June 20
income
addition,
alone.
the
declaration
policy
of
extra
Union Preferred Stock Fund,
on
Union
Common
the
of
to holders of
Stock
board,
These
record June
Fund
'B'
See V.
Union Common
was
dividends,
13."
Balance
Divs.
deferred
too,
will
until
be
paid
prior deducts.—
Earnings available for
U.
Sub.)—Earnings—
.
and
;Cost
•
and
110,137,717
54,881,547
91,509,561
oper.
38,331,630
16,666,622
13,489,214
335,869
391,346
—_
amortization emergency
Other income
facil.
$
applic.
compared
total
The
with $1,562,000.
of
1,044,250
3,155,832
13,002,739
320,288
293,599
Total
Other
17,692,968
13,323,027
3,007,674
—
i
and
broader
paper.-
diversity
and
Federal.income
—
—
Total
Net
*•
-
.
,
.
"The
shortage of.
raw
'
.
Shs.
■
The
shipments
Results
than
Meanwhile
'"$6,280,168 ten
years
total
ago./"
assets
-
i
have
;
-v.
increased
\ f
•
to
$22,543,924
from
for
quarter
over
2,380,029
2,656,691
$0.89
It
;; full
•
>
$1.22
year
be
1941
approximately
quarter
of
this
quished.—V.
slightly in
pointed
-
>v
$10,000,000
year
155,
p.
\
out,
affected
were
on
accounts
1758.
A,
31,
31,
1942— 301,862,126
1942
110,115,885
677,265,029
excess
of $110,000,000, is
the corresponding period last year.
■
Mar. 31, 1942, represent an increase of less
to
A
should
quarter,
an
.A. ...'
however,
to
the
U.
for
185,152
89,699
5,055,199
8,720,711
5,557,969
7,422,376
23,053,551
30,297,978
959,182
845,179
3,286,906
Bal.
3,156,208
4,598,787
6,577,197
19,766,645
27,141,770
956,520
956,520
3,826,080
3,$26,080
I—
3,642,267
5,620,677
15,940,565
23,315,690
share—
$.157
$.247
$.686
$1,003
applic.
Divs.
to
stks.
v
S.
increase of shipments of over
V /.
that
extent
whereas
of
results
.
the
relinquishment of
contracts, the first
additional $16,000,000
I
for
the
Government
an
cap¬
of U. G. I.
dividend
$5
on
stock—
preferred
applic.
stock
of
to
U.
Notes—(1)
(2)
.i
sidiaries,
so
relin¬
income
G.
figures
investments in
Co.
actually
which
sold
were
sold in April,
received
from
1942).
such
in
1941
However,
companies
and
1942
(St.
Louis
dividends
and
other
included
are
applicable periods.
(3)
above
.
com.
Previous years' figures restated for comparative purposes.
for all periods exclude ,earnings of former sub¬
Above
County Water
$485,518,788
;
over
1941, notwithstanding
A ioo%.
,
$81,948.
8%
for the
increase
21,928
2,031,164
& deducts.
Earnings per
3,229,496
2,656,691
booked during quarter ended Mar.
just over 100%
49,764
944,715
,
I.
—
taxes
Bal.
2,656,691
$1.19
(shipments)
'
I.—
G.
•
"' '
Backlog and New Business
Backlog of unfilled orders at Jan. 1, 1942
business
G.
U.
501,364
7,695,421
A3,476,580
during quarter ended Mar.
Backlog of unfilled orders at Mar. 31, 1942_:
.
2,398,110
13,314
profit
capital stock
Sales
•
.
3,198,687
11,017,701
—
outstanding
Earnings-per share-;.-
New
.
112,967
-
tax
Excess
improvement in
materials and transportation facilities, plus a
greater spread than ever between operating costs at Savannah as
compared with the North (chiefly the result of discontinued importa¬
tion of Scandinavian pu'p) have made it necessary to increase production
at
Savannah," Mr. Calder said.
"The additional low cost
production at Savannah will increase profits before taxes sufficiently
to offset the costs of this increased production."
To
mark the completion of the 10th year of business under the
present management,
a
review of the past 10 years' operations is
included in the pamphlet report.
Growth of corporation in the past
decade is indicated by tables showing sales, earnings, assets and tax
figures for each of the 10 years.
The 1941 sales of $27,871,007 contrast with $6,422,043 in 1932; last year's net earnings of $2,168,313
compare with a net loss of $259,392 for 1932; the year's tax bill of
over
$4,000,000 stands out in sharp contrast to 1932's taxes of only
~
—
profits tax
the sales of all our prod¬
A Minority interest
ucts," President Calder stated in his letter to stockholders.
Shipments
last year totaled nine billion bags, plus 123,717 tons of pulp, board
cate
•
income
deductions
U.
of
2,714,075
444,931
subs,
above
inc.
ital
1941 tax bill of $4,005,289 was
stock and to $814 for each
common
* r."
"Increases in dollar sales and in tonnage produced and shipped indi¬
4,563,490
cum.
on
of
to
deducted
Other
"
equivalent to $3.15 a share
employee of the corporation.
Co
divs.
stks.
Exps.,
——
„
applicable to
G. I.
pfd.
17,248,037
1
Oper. profit
126,882
463,333
1940
$
revs._
exp
Depreciation
tPfdv.
-
1941
Three Mos End. Mar. 31—
A Sales
4,690.372
interests
Deferred
1942
•;}>
of
subsidiaries-
utility
Balance
United Aircraft Corp. (&
stocks
common
Minority
154, p. 1385.
were
'
•
pfd. stocks and
on
other
—
„
difficulty of accurately estimating income on the stock
funds, dividend action
Stock
;
Reported Record Sales and Growth in 1941—
sales and
has
class
"Due to the
33 cents per share
the
Record
each
being
are
the company
is to give consideration to the
dividends from this source only at the year-end.
for the quarter, and $2,033,752, or $1.60 per share for the 12 months
.ended March 31, 1941.
dividends
stated:
of
on
capital stock
announcement
Provision
all
;■
Federal
for
statement,
for
normal
is made at
an
income
tax
and
aggregate rate of 40%
surtax,
for
in
1942,
the
com¬
with 31% effective for the year 1941.
Provision for Federal
profits tax for 1942, where applicable, has been made at rates
ranging from 50% to a top bracket of 75% compared with 35% to
60% under present law, effective for 1941.pared
excess
Weekly
The
ended
Output—
electric
May
output for the U.
16,
1942,
kwh.
kwh.,;
10.0%.—V.
or
in
G. I. system companies for the week
amounted to
the
99,846,190
same
155,
week
109,844,725
last year,
p.;:1928.
:
kwh.,
an
.y
•
as
compared
with
increase of 9,998,535
•
'
,i
»
„
2016
;
account
cumulative preferred stock, payable July 1
The directors have declared
of accumulations
holders
to
1,
April
of
the 7%
on
record
last,
June
and
$1.75
on
Oct.
1,
was
made
on
July
1,
A
16.
with
compared
as
dividend of
a
share
per
made
was
on
Dec. 20, 1941,
$1.75 per share,
on
payment,
previous
155,
1940.—V.
distribution
similar
$3.50
The
1941.
$1.75 per share on
stock
Merge Sub Co.—
To
Corp.—Accumulated Dividend—
United Dyewood
The
*
-•
„
,
has been given permission by the Federal Power Com?
acquire all the assets of the Virginia Public Service GenT
company
mission
to
that company other than
of a general plan of retirement of
outstanding long-term debt of the companies, both of which are sub¬
sidiaries of the Associated Gas & Electric Co.—V. 155, p. 1928.
erating
and
Co.
to
The
debt.
funded
obligations of
assume
is
merger
part
United Elastic Corp.—30-Cent
The directors
have declared
30
of
share on the
of record June 4.
A like
amount
was
paid on
against 25 cents each on
Sept. 24 and Dec. 24, 1941; 20 cents on June 24, 1941, and 15 cents
per share in preceding quarters.—V. 155, p. 1421.
stock,
capital
payable
June 24 to holders
March 24, last, as
Operating
Operation
209,358
2,003,706
2,569,387
3,774,700
179,780
2,174,134
follows:
1,831,401
1,987,890
taxes
Coal
1942—9 Mos.—1941
Deplet. and
256,449
177,129
27,388
67,966
82,784
Cr919
49,361
Cr485
$271,848
*$14,754
$955,267
$305,002
67,903
deprec..
$5,812,375
Dr44,lll
$433,481
$5,582,575
151,390
150,250
1,805,075
$5,768,264
1,761,384
$261,790
(net)
$5,628,485
Z)r45,909
$413,179
income
Other
$434,179
Dr697
$283,231
$3,777,500
57.51G
Cr33,600
273,403
_
Interest
deductions, net—
548,581
Balance
amortization
&
Interest
Balance
income
Net
Federal
income
tax
$18,846
$681,664
$289,002
70,000
period
of transf.
20,000
140,000
<■$51,154
$661,864
$149,002
Weyenberg Shoe Mfg. Co.—37 V2-Cent Dividend—
A
V.
declared
have
directors
a
37%
of
dividend
cents
per
share on
stock, par $1, payable June 20 to holders of record June 1.
was made on June 20 and Dec. 19, last year.—
common
similar
distribution
152, p. 3833.
$2,605,898
and surplus
for common stock
Wisconsin Electric Power Co.
Consolidated
Total
$2,835,278
Income
operating
operating
Total
Net
(& Subs.)—Earnings—
and
1942
Ended March 31,
Months
12
$32,526,883
25,435.573
revenues
expenses
operating
Total
Statement,
taxes
$7,091,310
revenues
600,123
non-operating revenues
alter¬
Cost
&
$203,945
equipment
ing
ZZA_
/! Surplus
_/
"Deficit.—V.
155, p.
$203,945
832.
—V.
155, p. 1847.
C.
E,
oper.
1942—12 Mos.—1941
$1,429,518
1,169,165
Net
operating
income
Other
$1,292,330
1,002,425
$4,955,074
3,942,692
$4,576,491
$260,353
revenues—..
Total oper. exps. & taxes
$289,906
$1,012,382
income
3,600,539
4,867
3,747
17,730
$293,652
$1,030,112
$998,149
6,419
4,238
18,928
12,931
deducts.
miscell.
&
.
$985,218
$1,011,184
23,369
22,098
130,935
103,531
$267,316
$880,249
Interest
422,700
and
dividend
a
1,131
/
,
the
$453,209
$159,427
$129,144
payable
May
addition
$446,173
requirements, at full cumulative rates, for a 12
months' period
on preferred
stocks of United Public Utilities Corp.
outstanding March 31,
1942, amount to $429,390.
Total preferred
stock dividends in arrears at March 31, 1942, amounted to $2,039,603.
155,
29
25 cents per unit were made on Feb. 28, last.
four quarterly dividends of $10 per share paid
to
stock
common
Operating
Total
Feb.
on
15 declared
May
on
directors
share
the
on
May
on
and
share
per
series
Dividend—
participating dividend of
declared a
19
15
cents
A
March
of
last.—V.
10,
Net
—V.
share
10
10
March
payable
stock,
with
compares
15,
a
$237,936
15,312
$2,718,078
41,613
$3,529,095
36,601
$240,930
$253,248
$2,759,691
64,167
25,548
770,000
105,082
cents per
16 and Sept.
June
54 cents
was
chgd.
to
$163,533
$1,887,033
$2,598,643
Net
622,518
622,518
Total
$1,976,125
holders
paid
15
May
on
stock,
United
Factories, Inc.—New Gen.
Wallpaper
Frick has
in addition
will
He
Mgr.—
assume
—V.
directors
The
15
June
20
May
on
accumulations
holders
to
pf
declared
on
the $5.50
record June
dividend
a
of SI
per
share
This
compares
Eft'c. i5_ last, and $1 per
The amount
per^snare in arrears at Jiifte 1, after deducting
dividend just declared, will be $18 per share.—V. 155, p. 609.
share
paid
on
dividend priority stock, payable
with $1.50 per
share on June 16. 1941.
1.
on
the
(Iowa)—30-Cent Common Div.—
a
stock,
common
to
approval
with
10
payable
of
cents
the
per
30
June
dividend
a
of
holders
to
5
1942
dividend of 30 cents per share on the
per
share
of record June
16,
on
the
subject
%
tax,
Income
and
ecess
income
and
No provisions have been made for addi¬
1941.
Revenue Act of
be levied under a
profit staxes which may
154, p. 1154.
excess
Revenue Act.—V.
Federal
1942
1341
$4,549,609
$4,038,867
3,341,329
2,803,183
$1,207,680
42,881
$1,200,679
19,264
$1,250,561
$1,299,343
12 Months Ended March 31—
Net
Westinghouse Electric & Mfg. Co.—To Operate Navy
surtax,
Wisconsin Michigan Power Co.—Earnings—
A similar
and incl. Sept. 3, 1941. The
of 20 cents per share, was paid on Feb. 5. 1938.
of
construction
for. immediate
operating
Total
revenues
non-operating
western
in
$14,000,000 plant
a
propulsion equipment for the United States
Navy, were announced on May 18. L. D. Rigdon of the Westinghouse
Co.. will be manager of the plant.
In addition to this new Navy plant, Westinghouse is operating two
naval ordnance plants in Ohio and Kentucky, and is constructing three
other plants under lease agreement
with the Defense Plant Corp.—
V. 155, p. 1848.
Gross
Total
revenues
Total
operat.
revenues.
Expenses and
taxes____
Net
Operating income
Non-operating income__
income
$3,534,551 $12,113,032 $13,321,279
$3,003,851
$3,081,364
497,332
356,935
$3,584,712 $12,610,364
$13,678,214
77,513
50,161
506,858
income
the
506,447
$743,703
Act of
of
made
been
Internal
the
1941.
Federal
for
have
taxes
basis
-
-
Note—Provisions
profits
normal
for
Revenue
the
$793,496
income
surtax
and excess
tax,
first three months of 1942 on
as amended by the Revenue
code
provisions have been made for
No
profits taxes which may be levied under a
Act.—V.
1942—12 Mos.—1941
1942—3 Mos.—1941
$13,266,286 $12,070,378 $49,533,441 $45,150,806
10,262,435
8,535,827 37,420,409
31,829,527
income
deductions
produce
to
West Penn Electric Co. (& Subs.)—Income Account—
cents
Foreign Exchange Control Board.
This compares
share paid on June 25 and Dec. 30, 1941.—V. 154,
'7
1497.
p.
declared
have
normal
months of
payable June 1 tc holders of record May 20.
Period End. Mar. 31—
directors
Federal
for
Provisions for these taxes have been made for the first three
1942 on the basis of the Internal Revenue Code as amended
periods.
excess
Ventures, Ltd.—Smaller Dividend—
The
445,807
$722,531
PlantFlans
account of
446,048
$756,705
155, p. 309.
Pennsylvania,
Utility Equities Corp.—Accumulated-Dividend—
$1,168,338
profits taxes for both periods are adjusted to reflect special provisions
lor these taxes made in September,
1941, applicable to the respective
appointed general manager of manufactur¬
been
charge of all manufacturing opera¬
tions in United's various wallpaper plants and in the several war pro¬
curement production plants.—V. 155, p. 1520.
operations.
2,731
$1,202,753
income
by the
previous dividend, one
Robert D.
$1,165,607
5,903,410
8,523
revenues
income
Note—Provisions
extra
an
$4,
par
Grocer Co.
stock,
1941
$7,069,018
$1,194,230
revenues
non-operating
Gross
payment has been made each quarter since
ing
operating
Net
share, both to holders of record May
The directors have declared
common
1942
$7,691,343
6,497,113
~
revenues
Total operating expenses and taxes
tional
Western
17%
of
Interest, etc., deductions
common
per
1,250,000
$2,504,859
$10.
par
operating
to pref. stock for period..
dividend of 10 cents per
to a regular dividend
1.
Distributions
cents per share were also made on Aug. 25 and Oct.
15, last
while on May 28, 1941, a dividend of 20 cents per share was
the
600,000
$3,463,447
Wisconsin Gas & Electric Co.—Earnings—
5,080
1848.
company
on
contingent losses on invest¬
subsidiary
and in
properties
for
2.640,409
transportation
transportation
12 Mos. Ended March 31—
$1,264,515
cents
$3,754,859
15 cents per share has been declared on the common
payable June 1 to holders of record May 15.
Distri¬
cents per share were made on Mar. 2, last, and on
June 1, Sept. 2 and Dec. 1, 1941, as against 10 cents per share on
Mar. 1, 1941.—V. 154, p. 1104.
2,424
(Credit)
$171,646
$4,063,447
dividend of
Total
income
$6,395,268
Smaller Dividend—
stock,
770,000
202,133
con¬
the
of record June 1.
This
share paid on March 16, last, and on
15, 1941, while on Dec. 15, 1941 a yearpaid.—V. 155, p. 928.
to
in
$5,902,153
493,115
$6,621,612
2,558,165
income
Net
$3,565,696
64,167
5,117
bonds
deducts.
paid.—V. 154, p. 800.
of 30 cents per share on
dividend
15
June
32
dividend of
end
declared
directors have
The
The
year,
Dividend—
and
155, p.
of
United States Tobacco Co.—30-Cent
common
7,938,071
8,722,939
628,480
$225,675
15,255
__
lhtge.
on
$5,515,927
1,105,685
income
of
Appropriation
Wayne Screw Products Co.—10-Cent Dividend—
928.
p.
taxes
deductions
Balance
1942—12 Mos.—1941
Balance
the common stock, par $1, all payable
May 27.
Like amounts were paid on
on
1941
$26,347,778 $23,545,377
20,831,851
17,643,225
income
Gross
A
net
Dividends applicable
15
record
155,
(Company Only), 12 Months Ended March 31
operating revenues
non-operating revenues
Total
$866,416 $11,441,017 $11,467,166
$927,964
revenues...
income
int.
struction
regular quarterly dividend of 40 cents per
6.4'/// preferred stock, par $25, and a dividend
share
per
$3,750,291
(& Subs.)—Earnings—
1942—Month—1941
702,289
income,
Interest
the
holders
to
10
Net
Total
ment
deduct.
rev.
oper,
Other
of
of
June
600,000
—_
operating revenues
operating expenses and
butions
Net
Other
a
United States Sugar Corp.—Participating
The
,
1941, an
Aug. 20 and Nov. 29,
May 31,
28,
taxes
Interest
Again Reduced—
dividend of 15 cents per share
on
the capital stock,
par $5, payable June 15 to holders of record
June 1.
On March 16, last, a payment of 20 cents per share was made.
Dividends paid in 1941 were as follows:
March 15, 25 cents; June 14
and Sept. 15, 35 cents each, and Dec. 15, 30 cents.—V. 155, p. 832.
directors
$4,350,291
1942
on
share was paid on Dec. 29, 1941.—V. 155, p. 1608.
revenues
oper.
and
Gross
cents
the com¬
unit rep¬
participating
per
1846.
p.
United States Graphite Co.—Div.
The
cents
22 V2
of
Washington Water Power Co.
Note—Dividend
—V.
,
subsidiary
Earnings
Total
certain
4,685
997
3,341,142
interest)
income
record
ownership of l/40th of a share of common stock,
to holders of record May 25.
Distributions of
resenting beneficial
$10 per share and
430,830
4,339
106,892
105,158
deducts.___
income
holders of
10 to
declared a dividend of $9 per share on
directors have
stock
Period End. March 31—
Net
payable June
$881,687
funded debt
on
Miscell. inc.
dividend of 40 cents per share on the
a
value,
par
no
extra of $5 per
Balance
(including
income.,...
Washington Ry. & Electric Co.—Smaller Dividend—
mon
In
$235,433
and taxes—
exps.
stock,
Net
Total
..
Gen.
of
Appropriation for contingent losses on investment in trans¬
A similar distribution was made on March 10, last, and on
March 7, May 27, Aug. 5, Nov. 5 and Dec. 11, 1941.—V. 155, p. 1422.
both
$289,414
Balance applic. to corp.
$258,802
'
'
United Pub. Utilities Corp,
deductions
Balance
28.
The
Int.
1608.
p.
directors have declared
The
May
22,197
$265,220
income
Gross
155,
directors.—V.
common
$975,952
(net)
$7,691,433
;
Warner & Swasey Co.—40-Cent Dividend—
Subsidiaries:
Total
Tolley,
portation
(& Subs.)—Earnings—
1942—3 Mos.—1941
Total
in charge of sales and advertising, and
Vice-President in charge of production, have been
income
Vice-President
Casto,
E.
elected
Period Ended Mar. 31—
Gross
Ward Baking Co.—New Directors—
Albert
•
United Public Utilities Corp.
.
1,171,602
$4,006,880
1,171,602
requirements
dividend
Preferred
Balance
Net income for
cents on Jan. 2, 1942.
Payments in 1941 were as
April 2, 40 cents each, and July 1 and Oct. 1, 50
155, p. 1024.
16,000
$239,124
$544,874
oper
$410,765
2,415
revenues
50
and
2
$993,883
$1,824,443
801,695
17,497
irom
Other
Net operat.
1942—3 Mos.—1941
Period Ended April 30—
Profit
Cos.--Earnings-
with
19 declared a dividend of 25 cents per share
par value,
payable July 1 to holders of
amount was disbursed on April 1, last, as
no
like
A
each.—V.
The
the
United Electric
stock,
15.
Jan
May
on
common
June
compared
cents
2,379,724
240,900
—
income taxes
Co.—25-Cent Dividend—
1,674,944
210,667
—
Depreciation
Other
133,644
225,321
379,900
193,829
Maintenance
Federal
$l6i.387;.y totali .'$12,090,379.-—V. U54,
8urplus,
A-
directors
the
record
$1,885,435 $25,527,209 $21,624,027
686,266
9,376,797
7,937,693
$2,270,815
851,642
revenues
earhed
..
West Virginia Pulp & Paper
on
1942—12 Mos.—1941
1942—Month—1941
Period End. Mar. 31—
cents per
contributions
$89,175:
759.
p.
The
Dividend—
dividend
a
liabilities,
$2,526,612;
plus,
no
par), $552,000; long-term debt, $6,734,983;
$402,779;
deferred
liabilities,
$75,473; reserves,
in aid of construction, $32,969; capital sur¬
shares,
(12.000
current
927.
p.
Virginia Electric & Power Co.—Earnings—
.
Monday, May 25, 1942
CHRONICLE
THE COMMERCIAL & FINANCIAL
r
155,
additional income and
1942 Federal Revenue
57.
p,
Wisconsin Power & Light
Co.—Preferred Dividends—
19 declared a dividend of $1.75 per share on
1','r cumul. pref. stock and a dividend of $1.50 per share on the
cumul. pref. stock,
both on account of accumulations, payable
directors
The
the
6'/r
May
on
July 15 to holders of record May 29.
In preceding quarters, the com¬
made distributions as follows: $1.16% per share op account of
and regular quarterly of $1.75 on the 1% pref.; and $1 on
account of accruals and regular quarterly of $1.50 on the 6 %
pref.
pany
Vcrtientes-Camaguey Sugar Co. of Cuba—Registrar—
The
"frost
Manufacturers
the
for
Co. has
been appointed New York registrar
Gross
Deducts.—subsidiaries..
Balance
Transfer Agent—
in Jersey
155, p. 1520.
City
for
the
1,500,000
shares
of
appointed transfer
common
stock.—
Electric
Net
17c
Victor Equipment Co.—Accumulated Dividend—
The
directors
have
declared
account of accumulations on
a
dividend
the $1
of
25
cents
cumulative prefeired
;
on
this
each
issue
quarter^
Arrearages,
after
payment
of
the
current dividend, will be 75 cents per share.—V. 155, p. 1024.
f
directors
addition
in
the
common
On
Mar.
•
issue,
to
the
declared
an
extra dividend of 25
cents; June
p.
1, 75 cents;
566,962
2,267,847
2,267,847
divs.
103,470
103,470
413,882
413,882
$750,927
$1,507,273
that
to Jan.
would
1,
1942,
Federal taxes
and
the
on
income,
of which
amount
have
been
required
West Virginia Water Service
expenses
"
on
the
basis
of
the
1941
.
Securities and Exchange Commission has acceded
to the request
interest to deconsolidate the proceedings in respect
to the Virginia Public Service Co. so that the proposed issuance and
sale of bonds and debentures under the company's refunding plan will
be considered immediately and disposed of separately from the other
issues involved in the proceedings.
The Commission notes that jurisdiction will be reserved for subse¬
earnings
1941
$1,470,903
$1,353,956
971,197
Gross
$505,925
24,457
$518,600
and
309,273
______
______
other
deductions™,
of various parties at
quent consideration of other issues which include corporate simplifica¬
proceedings instituted against the company by the Commission, a
voluntary plan of reorganization submitted by the company and an
tion
Net
Balance
80
Sheet
$198,412
March
31,
Assets—Utility
ments,
$119,933;
$148,879
cash)/
$154,000;
debt
tion, $211,969;
Liabilities—$6 cumul.
$6
cumul,
2nd
pref.-stock
pref. stocks (5,000
&
company
in
(11.500 shares,
shares>
no
were
amortiza¬
par), $1,150,000;
$365,000; 'common
no
par)>
of
Manufacturing Co.—Earnings-
received
——
income
Total
—
Depreciation charges
Reserve for Fed. inc. & excess profits taxes
Net
profits
/
■
'
York Railways
The
Pennsylvania
Edison
Light
and
$20,000
and
company,
a
$1,112,650
155,147
&
.
—-
1941
<'$656,093
5,513
$661,606
139,304
574,502
$383,001
$0.79
$522,302
$1.07
existing rates, but without
profits tax—V. 155, p. 1224.
.'•>'/• '-v./' '
' ■■
■
income taxes at then
"After Federal
I
—
1942
$1,109,263
3,387
—
Earnings per share
vision for any excess
process
cents per share on
March 14. During
July 1,
made as follows: April 1, 40 cents;
cents; Oct. 1, $1.20. and Dec. 22, $2.60.—V. 144, p. 1303.
declare
expense
Works—Pays 50-Cent Div.—
April 1 paid a dividend of 50
par $20,
to holders of record
on
stock,
distributions
Interest
$221,109
1942
plant
(including
Intangibles),
$10,944,516;
invest¬
special deposits, $73,826; current assets (including
$536,136;
commission on
preferred
capital
stock,
discount, premium
total, $12,090,379,
the
Quarter Ended March 31—
Net earnings from operations
•
Gas & Electric Corp. for the sale of certain
'
income
of
common
1941,
$530,383
320,187
_,
income
Corp.—Vice-Pres.—
Barney of Scarsdale, N. Y., as a Viceannounced.
Mr. Barney had been Treasurer
corporation's legal department since 1931.—V. 155,
recently
Wyatt Metal & Boiler
848,031
taxes,
income
Interest
stock.—V.
Neal
Charles
of
was
Yale & Towne
1942
.____
head
The
Co.—Earnings—
'
$499,707
:
__
and
pref.
1848,
the
and Sept. 1 and Dec. 1, $1 each.—V. 155,
Virginia Public Service Co.—SEC Approves Plan—
application by General
of Virginia.-
and
which
18,893
revenues
Operating
Net
bonds
Election
President
cannot
154, p. 1154.
Operating
$13.41% on the T'v pref.
155, p. 1760,
1942 amounted to
16,
6%
the
$2,384,803
_
anticipation of additional
amount
on
Worthington Pump & Machinery
$251,319
retroactive
be
Other
The
566,962
of March
as
$11.50
293,631
$5,066,532
Year End. Mar. 31—
1024.
77
295,951
$4,189,002
presently be determined, the tax accruals for the three months ended
March 31, 1942, have been increased by approximately $530,000 over
cents per share
last, a distribution of $1.25 per share was made on this
while during 1941, the following payments were made: Mar. 1,
pref.
______
Note—In
may
regular
2,
78,284
$1,421,359
Arrears
and
p.
quarterly dividend of $1.25 per share on
stock, both payable June 1 to holders of record May 14.
50
,
have
75,849
$921,751
—
dividends—
Balance
rates.—V.
Victor-Monaghan Co.—Extra Dividend—
The
$5,360,163
Penn
Co.
6%
and
the
i
8,318,051
$4,484,953
income
Class A
share on
stock, par $5,
per
payable June 15 to holders of record June 5.
From Dec. 16, 1940, to
and including March 16, 1942, distributions of 50 cents per share were
made
8,125,411
$1,499,643
_____—____
Deductions—West
National Bank of Jersey City has been
agent
V.
2,085,069
$997,600
stock, $6.50 par value.
common
The First
2,083,764
accruals
pro¬
'
Co.—To Receive Dividend—
Public
Utilities
Commission
has
authorized
Power Co., York, Pa., a wholly owned subsidiary,
a
dividend to York Railways Co., in amount
pay
to pay $31,570 to cover unpaid interest
total of $51,570.—V;'155; p;1608.' */" " *•*
owing
to
tha
to
of
the
@FedFRASER