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.
_
WV 2 81945
PBRWDWAtRW*
_
,
«nbrai.uma«'
MONDAY
I'NIV, OP
Reg. U. S. Pat. Office
New
Number 4389
161
Volume
General
RAILROAD
Hardie, Assistant to the President since September,
The
1944, has
tion
elected Treasurer.
been
Earnings
Ended
Quarter
for
net sales
Federal taxes
Provision for Federal taxes
Consolidated
March
31,
plan
&
Capitalization—
MISCELLANEOUS
-
Chicago
stcck
City, St. Louis & Chicago RR. has filed a reorganiza¬
for
also
See
161,
the Northern
District of
Agricultural
of Watertown, N. Y.—
Co.
Insurance
&
In
declared a special dividend of 25 cents per share
the regular quarterly dividend of 75 cents per share
stock, par $25, both payable July 2 to holders of record
June 15.
A special distribution of like amount was made on Jan, 2,
last.—V. 161, p. 761.
This
Redemption—
Stock Exchange
New York Stock Exchange
Baltimore
Stock Exchange
Boston Stock
Exchange
(Including Terminal Shares, Inc.)
Income——.
Fed.
taxes
$591,420
$445,442
4,829,195
67,738
transactions-
$5,420,615
35,000
$293,528
$5,385,615
—
purchase and retirement of
See *
and gains—__
$293,528
of
income
26,500
Dr67,738
bonds—.....
$5,395,615
$418,942
from discharge of indebtedness—Gains on conversion of
Alleghany
Corp. 314%
secured convertible notes into
pledged Chesapeake & Ohio Ry. Co. common stock, after deducting
$94,823 unamortized charges, less premium, related to the issuance of
such
notes,
$6,926,088; less premium
on
redemption of $3,303,000
J
3V4% secured convertible notes, $141,150, plus un¬
premium, related to the issuance of such notes,
gains,
$6,773,185;
less . provision for Federal taxes
to such net gains
(no excess profits tax), $1,816,000;
Notices
offset by net gains from discharge of
carried separately to earned surplus (deficit), $4,957,185.
1762.
p.
,,
(
Kid
Allied
not
Co.—Special Offering—A special offering
directors
on
Jan.
161,
the
Reserve Banks
April
declared
The
Baltimore
the
Alton
mission.
a
last,
20,
B.
1
&
dividend of 40 cents per
payable July 20 to holders
cents each were made
and in each quarter during 1944.—
owns
intervention
Ohio purchase
order
of April 1
composed of $4,000,000 in equipment
and
■
does
not
of the Alton.
t
affect the proposed
Gulf, Mobile &
sale
by
the
prospectus, $220,000 are re¬
to its profit sharing incentive retire¬
reserved for issuance to the extent of
company
$250,000
and
are
May
the
trust
or
for sale
1,
on
1, 1951, the premium decreasing by Mi of 1%
period thereafter to 1% for the period after May 1.
1961,' and without premium after May 1,
before
or
May
two-year
1959, and on or before May 1,
Sinking fund commencing in 1949 requiring annual payments in each
equal to 20% of consolidated net income for next preced¬
fiscal year.
Debentures may be deposited in lieu of cash for
credit at cost of acquisition to company not exceeding principal amount
thereof.
Company to be credited on each payment with a sum equal
to principal amount of debentures converted
during preceding fiscal
year.
Sinking fund money to be applied to purchase or redemption of
calendar year
ing
of
.2370
2379
debentures.
Convertible
stock to pay claims.
trust certificates,
$21,117,000 in
claims, and $29,846,380 in
Fixed charges would be $490,000 yearly.
proposed a total capitalization of $73,976,800
and annual fixed charges of $700,000.
The bondholders' plan called
for a capitalization of $87,000,000 and fixed charges of $1,500,000.
The
trustee's
plan
general mortgage
allocated to holders of present
The
new
Holders
\
all the Alton's capital
purchased and offered by the under¬
be
$60,000 per year in connection with
company's officers or salaried employes.
for each
new capital,
bonds and common stock would be
securities of the Alton system on the
(
following basis:
claims against the Alton.
The
common
Intervene in Reor¬
1
O., which
would be
$12,000,000 in first mortgage bonds for
general income mortgage bonds to pay
Ohio RR. has been given permission to intervene
reorganization by the Interstate Commerce Com¬
•
and salaried em¬
and amounting to 1% for the period after May 1, 1959, and on or be¬
1, 1960, and without premium after May 1, 1960; or through
operation of the sinking fund on like notice at their principal amount
and
aiecrued Interest plus a premium of 3 Va % after May T,
1949,
May
which
quarterly
stock, charged the
securities off as worthless in 1942.
It owns substantial amounts of
the capital stocks of the three companies whose properties are leased
to the Alton—the Joliet & Chicago RR., the Kansas City, St. Louis &
Chicago RR. and the Louisiana & Missouri RR.—and also has large
The
Debentures Offered—Of¬
to officers
company
the
at
option
of
time prior
of
notice
rates
per
share of common
on
or
after May 1, 1947, and
May 1, 1949, and before May
and before May 1, 1953; $20
,
&
RR.
—
over
first
Quarterly Distribution—
& O. Allowed to
Co.
Board
additional bonds covered by the
at
company
stock, no par value,
ganization—
'
Agricultural Crops Report as
1762.
Alton RR.— B.
in
$0.89
fore May
2370
...
Statement of Member Banks
Federal Reserve System
—
Quarterly distributions of 25
29.
and
20
have
common
June
p.
$698,287
$1.20
1.945;
due May 1, 1965.
Principal and interest
(M. & N.) payable at principal office of Michigan Trust Co., Grand
Rapids, Mich., trustee, or of any designated paying agent.
Debentures
issuable in coupon form registerable as to principal only in denomina¬
tions of $1,000, $500 and $100.
Redeemable at option of company as
a whole or in part at any time on 30 days'
notice at par and interest
———.—.---2370
of Bank Clearings
—2369
Condition
& Curtis, was oversubscribed
in the elapsed time of 15 minutes. Bids were received for
4,500 shares and allotments were made on a basis of
44.4%. There, were 26 purchases by 14 firms; 755 was
the largest allotment, 5 the smallest.—V. 161, p. 2213.
V.
$944,221
$1.84
.
the
will
for
•Dated
and Payable...
2371
Rates—
2370
Combined Condition Statement of Federal
Webber, Jackson
on
$1,454,426
$2.01
on
Box
by
trust
to the
Dividends Declared
shares of common stock (par $5) was made on
the New York Stock Exchange May 21 at $18 per share,
with a commission of 50 cents.
The stock, offered by
Stores Corp.—Larger
share
2065.
P.
the
Of
ment
—
The Course
.
of 2,000
Allied
160.
served
Corporation and Investment News_2325
State and City Bond Offerings and Sales...2380
Redemption Calls and Sinking Fund
Corp.
record
1,773,253
writers.
Foreign Exchange
The
$2,471,540
2,234,509
outstanding..
balance
Miscellaneous Features
$4,957,185," which was
of
$3,178,730
2,962,778
ployees at 100 plus interest and only the unsubscribed
General
net
indebtedness,
share
$4,417,204
plus premium of 5% on or before May 1, 1947, the premium decreasing
Va of 1% for each two-year period thereafter through May 1, 1959,
amortized charges, less
attributable
per
offered
Exchange
gains
Paine,
58.877
Webber, Jackson & Curtis and Paul H. Davis & Co. at
103Vz and interest.
Of this amount $177,000 are being
$26,697,000
balance,
$2,412,663
56,554
—
CrlO.OOO
Adjustments applic. to prior years-
—V. 161,
$3,122,176
67,791
2,994,453
etc.—...
American
Philadelphia Stock Exchange
$486,680
income—
income—
$152,902;
$4,349,413
fering of $1,280,000 of a new issue of $1,750,000 20-year
4Vz% convertible debentures was made May 23 by Paine,
2363
2364
Pittsburgh Stock Exchange
2364
St. Louis Stock Exchange.
2364
Toronto Stock Exchange
—2365
Toronto Stock Exchange—Curb Section
2366
^Montreal Stock Exchange
2366
Montreal Curb Exchange
..2367
Over-the-Counter Markets
2368
Transactions New York Stock Exchange...2351
Transactions New York Curb Exchange. —.2351
Stock and Bond Averages..
—...
2351
Los Angeles Stock
$513,180
20,000
$313,528
—
on
—V.
2362
2363
2363
Stock Exchange
Detroit Stock Exchange
1943
$1,448,443
1,003,001
662
—
Net income.....-.;...-.—
security
Cleveland
.
1944
$1,383,845
792,425
1945
$763,463
450,597
Expenses
from
.
$312,866
Quarter Ended March 31—
Income from securities
Alleghany
1,794,410
depletion, drill¬
shares
___2362
Cincinnati Stock Exchange
Alleghany Corp.—Earnings—
^Net
1,729,800
$4,582,315
income
.
Earnings
2352
2356
2361
2361
Curb Exchange
York
New
2341
(Stocks)
(Bonds)
Chicago Stock Exchange
Balance
2,119,203
$4,502,970
79,345
Page
been called for
have
on
2,544,282
...
ing expenses,
Stock and Bond Quotations
redemption on June 18, 1945, $50,000 of
4 Mi % bonds due 1951 at 100Va and interest.
Payment will be made at the New York Trust Co., successor trustee,
100 Broadway, New York, N. Y.—V. 160, p. 2537.
own
$4,207,072
Issue
Total
outstanding first mortgage
Gain
1942
$4,851,976
admin, exps.,
rentals,
;
Deprec.
New York
Gas Co.—Partial
Alabama
Net
•
1943
■
$6,468,616
leases,
Other income
to
addition
for
1944
$7,047,252
income.
etc.
the capital
Total
new
$1,587,862
14,000
oper.
Oper.
would be $66,963,380,
Gross
The directors have
in
on
Prov.
the
(& Subs.)—Earnings—
1945
Quarters End. Mar. 31-
Illinois, Eastern Division.
Total capitalization under the Kansas City plan
Special Dividend of 25 Cents—
Gain
of
share
a
161, p. 2105.
2213.
p.
There
Gulf, Mobile & Ohio RR.
Amerada Petroleum Corp.
taxes,
—V.
of
below.—V.
the
$23,760
income
Net
one-tenth
receive
would
common
share of the old.
a
*
charges
and
for
Court
37,760
INSURANCE
-
Alton, involving a smaller total capitalization and
than plans previously presented by the Alton
by bondholders.
The plan was filed in the U. S. District
for
fixed
trustee
$5,368,091
,
Kansas
lower
1015
beiore
Proiit
INDUSTRIAL
-
New Plan Would Reduce
ACF-Brill Motors Co.—New Treasurer—
M. A.
Copy
a
Corporation and Investment News
PUBLIC UTILITY
■
Price 60 Cents
York, N. Y., Monday, May 28, 1945
of
$1,000
Alton
refunding
mortgage
bonds would receive
bonds and five shares of the $100 par value stock.
Holders
of Joliet & Chicago guaranteed stock would receive, for
each share, $100 in bonds and two shares of stock.
Holders of Louisiana
Missouri River RR. guaranteed stock would
receive for each share $50 in bonds and two shares of stock.
Holders of Kansas City, St. Louis & Chicago RR. guaranteed stock
would receive, for each share, $75 in bonds and two shares of stock.
Holders
of
Louisiana
& Missouri River preferred
would receive
one-fifth of a share of new stock for each share.
Holders of Louisiana & Missouri common and Kansas City, St. Louis
$400 in
new
any
publication
1955.
1,
.
holder into common stock of the
May
1,
1955, and prior to the
of
redemption
at
the
following
stock; $16 before May 1, 1947; $17
before May 1, 1949; $18 on or after
1, 1951; $19 on or after May 1, 1951,
on or after May 1, 1953, and before
the
to
■•/■:
.
.
incorporated in Michigan Dec. 18, 1923, as
the successor to a company founded in 1903, which predecessor com¬
pany was one of the pioneers in the folding paper clothing box indus¬
try.
Company continues in the manufacture of box board, container
Company—Company
was
board and straw board and fabricates these products into
boxes,
corrugated
and
solid
fibre shipping containers
folding paper
and
specialties.
Purpose—The net proceeds of $1,500,000 of debentures, estimated at
will be used to the extent of $744,230 for the redemption
at 100 on Aug. 1, 1945, of all outstanding 7%
convertible debentures
in
the principal amount of $519,000 and the redemption at 101 on
Aug. 1, 1945, of all outstanding 7% registered notes in the principal
amount of $223,000.
It is the present int»<ition of the company to use
the balance of the net proceeds estimated at $729,270. together with
other company funds, for improvements in and additions to facilities
at the Grand Rapids and Chicago plants.
$1,473,500,
Funded Debt and
Capitalization Giving Effect to Present Financing
Authorized
4>/2%
20-year
Common
stock
conv.
(par
Outstanding
$1,750,000
debentures
*$1,500,000
1350.000 shs.
$1)
tl33,100 shs.
Banks, Corporations and Individuals have found
us an effective market place for large or small
BLOCKS of SECURITIES
which
are
not
readily marketable.
INQUIRIES INVITED
HILL, THOMPSON & CO.,
120 Broadway,
New York 5, N. Y.
INC.
"The
the
remaining $250,000 of debentures
year
as
trust
reserved for issuance by
are
the extent of not exceeding $60,000 in any one fiscal
its contribution to its profit sharing incentive retirement
for sale to its officers or salaried employees at the principal
thereof and accrued interest.
tExclusive of 4,363 shares of
to
company
or
amount
*51,900 shares of common stock
of * outstanding 7% convertible
debentures
and
will be
released upon
the discharge thereof.
Since
Feb. 24, 1945, the articles of association have been amended to increase
the amount of authorized common stock from 225,000 shares to 350,000
shares and
109,375 shares of
common
stock (including the 93,750
shares of common stock included in this offering)
will be reserved
for
the
reserved
presently
are
in
held
stock
common
conversion
the
of
000—V.
which
has
each
agreed
principal
purchase
to
are
as
160, p.
161~
1945—Month—194*
over
1944.—V.
of
The
v7;;.
161, p. 2214.
/.
;
week
% History
r
Name—
Paine,
Paul
Webber,
H.
*
."
Jackson
Davis
&
Amount
'
"
$980,000
Curtis
Consolidated
300,000
Co
&
Statement
of
Income
'.••
.
'
■
etc., and taxes
Gross
sales,
of
less
Repairs
1942
1943
•
and
$6,341,425
$5,047,953
$4,013,537
4,551.855
$1,420,308
1,115.536
3,519,511
adm.
118,919
521,011
452,545
$1,268,560
$1,075,897
$964,878
exps.
profit
Other income
Other-deductions
Total
Other
Exc.
income
$1,281,484
13,120
70,675
65,263
89,858
453,000
(net)
162,000
781,000
634,000
surtaxes.
18,000
81,000
94,000
and
Previsions
75,000
75,000
$273,809
$210,622
$234,539
161, p. 2105.
latterly,
Car
Director
directors
of
50
with
years
it
company,
earnings
each.—V.
161, p. 1194...
announced
was
(& Subs.)- -Earnings—
1945
-
(net»
•
^
-
Federal
$8,965,281
$7,816,727
167,364
66,698
7,943
amortization
depletion
1,633,746
199,812
450,000
464,511
3,850.000
2,938,406
$1,630,848
185,222
185,222
lease
for
■
(net)
Other
sheets
"
$3,516,409
income
935
1,279
164,484
$270,713
$275,978
$3,680,893
76,144
144,352
1,229,963
income
,
charges.......
Miscell.
Net
preference
income
Common
stock.—
applicable
to
.
net
reservations
Income
stock....
common
$1,463,063
$1,445,626
2,707,026
2,666,026
shares
Earnings
outstanding
share__^__.„..u._..^...—1
$4,030,137
181,970
the
At
v..
per
■"After
deduction
(Revised
to
of
include
statement for the
Note—The
plant,
selling
retroactive
undistributed
net
less).—V.'161,
p.
income
1873.
of
does
not
associated
reflected
as
:
above
as
,
.
/r
.
include
in
in
owned
(507»
the
the
or
tives
of
April
■v',7...7.7.
options
stock
common
the
17
American
Gas &
Operating
revenue
$
income
"'Fed.
exc.
39,262,146
760,259
703,426
8,498 019
14,277 .047
723,926
1,162,546
702,677
1,155,143
12;363 994
7,823,106
12,185,728
900,738
875,575
10,529 292
10.016,281
680 862
——_
income
funded
acquisition
Other
Divs.
14,068
344,544
239,035
26,764,388
7,208,779
599,845
,
24,103,063
7,208,139
net
3,977
66,409
111,905
691,799
718,502
31,684
1,931,453
120,640
281,118
323,692
3,541,648
subsidiaries
its
stocks...
.
of
2:
earned
for
Divs,
on
for- sinks
1,082,773
Undistrlb.
Amer.
1,016,108
13,279,304
agreement.
and
None
33.500
Jan.
2
affiliates,
output
of
May
18,
885,330
11,760,867
8,095,107
net
98,670
inc.
Gas
tlndistrib.
130,777
1,518,437
4,041,917
-:'7 7:
the
or
Associated
amounted
7.8%.—V.
of
attachments
inc.
...
had
been
for
130,777
1,518,437
Period End. March 31—
Operating
Oper.
p.
from
subs,
solidated:
Divs,
on
Divs.
on
&
132.737,701
2214.
'
Unfilled
125,904
Net
operating
income
$26,401
229
Int.
Gross
Int.,
income
7
Other
833,330
11,760.867
8,173
54,165
295,717
Net
income
Preferred
Group for the week
kwh., v.n increase of
"■First
Net
orders,
61.879
63,337
745,837
761,664
4,147
2,447
38,232
32,986
ad¬
&
income
....
&
&
miscell.
Federal
Divs.
Bal,
33,720
28,535
312,119
280,130
1,107.522
14,046,972
13,301,522
85,898
88,353
$393,682
57,116
20,903
691,980
532,390
140,767
140,767
1,689,209
1,689,209
857,498
10,630,504
10,015,873
for
com¬
839,470
deducting
the
10%
post-war
credit.—'V.
161,
p.
2213.
American Public Service Co.—Reduces Accruals—
The
directors
share
and
a
cumulative
of
record
while ton
tions
In
31.
May
Feb.
was
1944,
011
May
dividend
of
16
declared
like amount
preferred stock,
15
a
par
quarterly dividend of $1.75
a
on
$100.
$410,111
account
of
arrears
the
011
per
7%
payable June 20 to holders
A quarterly of $1.75 was paid on March 20, last,
payment cf $3 per share on account of accumula¬
15,392
18,705
253,449
$11,238
_
$10,049
$156,662
329
______
&
gen.
Fed.
280,564
346
2,907
dividends...__
were
as
follows:
March
15,
$1.75;
and
June
20
Sept. 20 and Dec. 20, $3.50 euch.—V. 161, p. 306.
'
*
'1
*
'
•
•
•
American Safety Razor Corp.—Financial Position—
Plaits
turing
have
been
facilities
of
its
England, plants,
Milton
:
8,250
proceed
as
soon
Dammann,
President,
Dammann
told
stockholders at
of
Statement
41,250
16,500
(& Subs.)—Earnings—
(Co.
and
Wholly
Owned
net
by
$21,821,105 $16,184,636
company
income
483,753
488,075
$1.02
$1.04
share.....
common
provision
for
estimated
on
renegotiation
reserves,
refunds
and
profits of its manufacturing subsidiary,
Mfg. Corp.
.
/-
.
Director—Opens Several Additional Branches—
George
the
Spatta of Buchanan, Mich., President of the Clark Equip¬
Co., has been elected a director to fill the vacancy caused by
death
of
Albert
Bonner.
"
.
,
.
&
The
Emmco
Insurance
Co.
and
its
wholly owned subsidiary,, the
Emmco Casualty Insurance Co., have expanded their insurance cover¬
age and premium income.—V. 160, p. 2290.
t
Baltimore
&
Bros.
State
the
from
awarded
on
a
bid
of
Obligations Reduced $100,000,000 Under Plan
the
meeting
of
the
board
stated
that
the
cun
company
be
58%
obtained.
is in the best financial posi-
of
Security Holders Assent to Plan—
announced May 23
company
about
to
the
58%
court
of
the
total
assents
affected.
must
2215.
be
Before
obtained
the
from
159,223
139,600
$80,939
$15,058
taxes
7
7,609
months
ended
'••'$198,149
With
be
Control
of
plan
holders
can
of
be
presented
66%% -of the
610
$15,058
$80,129
to
the
1945,
of
will
be
whole
received
of
in
or
the
nor
that
losses
net
the
terms
sustained
present
contracts,
time.
All such busi¬
of th$ War Profits.
part at any
under
a
entirely
U. S: Government in
assurance that futurederived
being-
are
indirectly, with the
effort, and there is no
in
reports
company
$15,100.
corporation
renegotiation
Because
for
28,
taxes
the
or
war
nature
cancelled
Act.
contracts
the
this
Feb.
after Federal
earnings
subject
by
corporation on
the
Government,
directly or indirectly, in 1943. and
profits realized by the corporation for the year
1944, vthe corporation believes that no
renegotiation refund will berequired with respect to its profits for the
year ended Dec. 31, 1944.
the
percentage
of
Accordingly no provision for such refund
statements for the
year ended Dee. 31, 1944.
Capitalization—The
ration
outstanding as
foutstanding
upon
funded
of
the
debt
and
28,
1945,
Feb.
issuance
of
is
made
and
the
of
capital
the
shares
mortgage.
Note
payable,
4%, due Dec.
3
1946
%
tCommon
7%
<1
V
stock
cum.
Stock
conv.
of
(10c.
pfd.
purchase
common
prime
to
§700,00
100,000 shs.
11100,00
in
payment
were
for
Not
ixo
50.00C
the
200,000 rocket
„!?hese debentures
198,80
50 000
corporation
from
containers,
at
issued
their
in
shares
an
August,
and
are
Nnvv* Burea
the
18 asslgned t0 Maryland Trust Co.,
Loa
other
(for
118,70
V 1,100,000 shs.
-
_
pari!""
($5
55,06
-
;
198,801
stock)
contract
innnnn
holders
par)___
stock
warrants
are
$ 39,00
55,061
300,000
,
corpo¬
stock to be
Outstand
$65,000
.
3%, due Dec. 31' 1946 *
payable, "V" Loan
;_1
(Debenture notes, 6#
due Aug. 1 1954
"■Note
the
offered
now
Authorized
First
financial
the
in
capitalization
follows:
aggregate
1944,
pric
security tor
as
to
deferred
former
to
si
claims 0
creditors.
ia^y^m^en,t ®f tlle certificate of incorporation
£ rrfn
aut^orized capital stock was increased and
d
filed Apr
changed
,Laief\n
common stock (no par) to 1,100.000 shares of coir
th» .■iSfrv10c'')
and 100'000 shares of Preferred stock (par $5).
hlrt
es of common stock (no par) were changed into 80'
f
common
f
stock
shares for each
n.»! !
(par
10c.), or at the rate of 160
common share.
250,000 si
reserved for issuance upon convc
such old
at0clc have been
nf
rate °f 2V3 shares of
preferred
comi»on f°r
tn0f .1C0'0°0 shares of common stock
ion
R' P' Trubey- President, for
shSic
" °/ Preferred stock covered by
nno
that holders of $290,000,000 of its
This figure represents
obligations had assented to its adjustment plan.
total.—V. 161. p.
is
of
directors held on May 16,
Roy B.
White, President, announced that, as contemplated by the
company's 1938 plan, $100,000,000 principal amount of System se¬
cured obligations have now been retired through moneys
paid into the
sinking fund created pursuant to that plan.
The
136,082
"$198,149
$199,355
two
of
not
ness
100.073.
were
three other bids, all naming a 2% rate.
Halsey, Stuart & Co., Inc., bid 99.709, Harris, Hall & Co.,
(Inc.), 99.154 and Lazard Freres & Co. 99.0677.
Secured
729.058
$206,964
business,,; directly
■-•The
There
Following
$883,717
152,079
inc.
present
shares
were
1941
1942
admin.
of $20,958
.The
Ohio
certificates
245,874
890,622
income
&
RR.—Equipment Trusts Offered—
Hutzler, Wertheim & Co. and Stroud
& Co., Inc. on May 25 offered $4,680,000 2%
equipment
trust certificates, series O at prices to yield from
0.90%
to 2.25%, according to maturity. Certificates are dated
June 1, 1945 and mature $312,000 each June 1, 1946-1960.
Salomon
1943
.
The company
has opened several new branches thi3 year and is
developing plans for further expansion so as to be in position to handle
a
large post-war volume of consumer credit paper.
*
689,916
7
$1,130,986
income__^._____-
may
Subsidiaries)
22,506
V
772,890
deductions
income
2,964
19451944
business purchased
per
"After
the
on May 17.
He added that this program will
as Government approval has been had and the neces¬
building materials and equipment
Mr.
Income
"Consolidated
the company for increasing manufac¬
Brooklyn, N. Y„ Hoboken. N.J., and London
fyeld
meeting,
1,890,755
"■Loss.
$138,758"
completed by
annual
sary
Consolidated
made.
dividends
6,500
1,327,330
$710,823
$419,322
Associates Investment Co.
The
both
375
423,080
1,140,114
25,640
1,064,050
taxes...
stock
mon
"After
1,035,278
stock—.
pfd.
earned
,
13,581,653
deducts.
income
on
14,359,090
net
exps.,
Balance
Int.
1,136,057
1,123,251
taxes
1,156.971
766,176
$1,499,158
sales;
etc.,
,
ment
————I'
Total
$192,114
2,978,711
://-'7:; 77v;/
1,279,317'
7,276
1943
$245,874
113,375
1,580;675
quarter.
ol
Sell.,
$1,672,999
$402,835
457 V.
;7;.'r 1944
$1,890,755
ending
sales
Cost
1945—12 Mos.—1944
$28,297
during 1943. 1944 and
following table:
the
Earnings, Years Ended Dec. 81
(& Subs.)—Earnings
$28,754
dividends
Common
8,095,107
649,978
'.^.7,—.......
business
war
shown in
„
For
New
984.103
is
1945
orders;
Unfilled
that
$26,630
deductions-;..
etc.,
the Durham
con¬
stocks
bonds
on
vances
$178,000, and a subcontract for
price of $23,500.
The rocket
are
business
Net
voluntary price adjustment
stocks,,
com.
contract
a
contract
a
beginning.—L_—
during year.;
Cancellations during year
Shipments during year.___.____-.;
V'-.--;
$142,217 * $1,773,028
113,920
1,370,193
$152,305
Non-operating income-
"
pfd.
corpora¬
during the week of
United States Engineers
the
<•1945
the
1945—Month—1944
—
taxes—.
revenues
exp.
Earnings
Inc. of Am. Gas & Elec.
Co.
the
contract from
started
from
contracts
corporation's
first quarter of
the
Net
4,041,917
(as
98,67(5
by
prime
a
tank doors with
which
on!
exer--
Output—
Quarter Ended March 31—
—
with
tank-door
and
The -status of the
the
execu¬
were-canceled
Corp. .report
Electric
&
Gas
to
161,
Electric
&
Gas
Associated Public Utilities Corp.
Volume
Elec. Co
&
net
above)
held
are
subcontract for 4,690
a
1944
of
consol.
trays
expected to be completed in
about September, the sinks contracts in or about June and the
packboards attachments during May of this year.
•
New
Associated
1945,
kwh.,
shares
to certain
the, options
of
7
the
of
ended
12,137,024
984,103
'
subs,
principal "contracts
currently working
aggregating approximately
business
stocks..
com.
the
is
,
container
7/.7:7;;7;"/7.:
com.
stocks
it
$266,000, shipments under
two other prime contracts
connection
Bal.
time
which
on
packboard
2214.
p.
3,884,099
342,480
\
inc.
and
trustees
electric
34,659
38,070
-189,338
deductions
pfd.
cn
591,200
;;^/7/
of
aggregate
an
corporation granted on
mutual
161,
9,618,975
23,864.028
plant
adjust.
int. &
Reservations of
26,420,344
7
2.553,318
debt.....
elec.
8,059 250
2,013,277
29,844
income 7——
of
1,999,309/
2,523.474
__
Other. income
on
The
7,254.364
13,906.808
taxes
Operating
v
-.VL-
114,312,459
41,626 574
profits tax..
taxes
Amort,
$
121,774 520
7.——.,.
"■Fed.
Int.
•:
9,931,998
3,333,322
Depreciation
Gross
$
$
10,362,709
3,575,01o
....
943,753
Associated Gas & Electric Co.—Weekly
1945- -12 Mos.—1944
1,198,424
Maintenance
Other
(& Subs.)- Earnings—
1945—Month—1944
Operation
purchase
the
.
Electric Co.
Subsidiaries Consul.—
to
of
firm
by
eked.—V.
Period End. Mar. 31—
$1,182,859
Associated Dry Goods Corp.—Stock Options Canceled
All
equity
.
present
and
price
608,609
7,
caliber "ammunition
.50
Navy Bureau of Ordnance for 200,000 rocket containers with a
total contract price of $1,173,550,
of which approximately 10% was
340,000
$2,119,930
surplus .1..'
$181,569
$131,626
applicable to preferred stocks
161, p. 1990. -;7J7;7 7 7777/7-7;./ /:;//7
and
.30
as
brass chests for ,the
or
expenses.
the audited
.
the
companies
,7;;7.-..
;
$0.54
administrative
and
adjustments
year.
income
net
$0.54
Balance
difficulty
it
boxes*
shipped to April 1;
...I!.',,
13,000
items
such
however,
time,
the
of
———.
Dividends
—V.
made
that
Coast Guard, bus-bar boxes
Corporation has also made-airplane.-repair
stages, stands and cabinets for airplane7testing apparatus and anti¬
aircraft gun platforms.
'.7.
:'/>:■ %,"•/'..'•*'•.7''..;
7;7.7;-' •
April
011
.
experienced
in converting to
has / produced porcelain-flue assemblies for low-priced defense housing projects
Since
ammunition
tion
Gross
c<mskt§ in fusing porcelain on
of 7 approximately 1,600 degrees
'
'
'
'
,.
process
.
i'01* Army Ordnance,
3,029,248
<
f
has
and
and
$4,212,107
(net)
The
temperatures
,
corporation
the
1942
finished metal
150,000>7 7 142,500.
28,750
$274,699
at. high
work.
war
$4,172,637
15,750
of
steel.
on
Fahrenheit.
1,468,000.
$303,449 " $3,666,409
such old common share..y.vf;'./7-7 7777;7 ;
the corporation is the application of porce¬
shares for each
finishes
steel
890,478
$269,778
...
_
'
.
normal business
The
plant
Operating income
Interest
income
of
a
During
944,238
v;
corporation
against receivables of the corporation.
'
1, 1945, Mr. Trubey sold to 15 persons at $1
total of 1,481 shares of the 5,000 shares of common stock
lain
1,310,059
174,098
...
and process development expensescharges on funded and other debt
Provision for employees' pension fund
Provision
for
renegotiation and Federal and
foreign taxes on income..
'
Rent
105,000,
70,674
$285,528
revenues..
the
March
about
or
common
-7 1,739,322
oper.
of
Trubey also-, agreed to make available im¬
funds to the "corporation up to $100,000
Mr.
(par 10 cents) and 100,000 shaves
preferred stock (par $5) and the 5,000 shares of -common stock
par) previously authorized and outstanding, were changed into
800,000 shares of. new common stock, or at the fate of 160 such new
inc.
of
Prop, retire, res. approp.
1,548,935
1,496,417
$1,648,285
and
$8,092,571
Research
Interest
lieu
in
taxes
direction
and
management
connection,
(no
1,066,774 "7
85,592 ;■
92,285
cents
of
11,289
____
$9,252,546
Depreciation,
300,298
taxes
Charges
197,857
111,958
_—
602,536
10
1,100,000 shares of common stobk
to
$1,334,586 $16,943,656 $14,091,101.
549,726 :/' 8,254-,939 ;;7 6,733,519
290,619
1,271,924
826,467
$1,351,321
revenues..—
expenses....
to
acquired by him in August, 1944.
By. amendment; of the certificate
incorporation filed April 5,>71945, the authorized capital stock was
increased and changed from 5,000 Shares of common stock (no par)
1945—Month—1944£ 1945—12 Mos.—1944 "
Period End. March 31—
reduced
additional credit and
share
per
Light Co.—Earnings—
&
then
was
of
S.::v,7,7/-%
Other taxes
t1944
•
this
On
per share on
preferred stock, par
cumulative
stock
common
by advances of 100%
dividend of $2
a
7%
the
on
.
Arkansas Power
Net
Net
Inc.-—Accumulated Dividend—
active
assumed
and
15 to holders of record June 1.
A similar distri->
bution was made on March 15, last. " Payments in. 19.44 were as fol¬
lows: March 17 and .June 14, $2 each; and Sept. 8 and'- Dec. -13, $4
Operating
discounts—
service charges
interest and
licenses and
Dividends
$437,595
June
Operating
profit,..——;
operating
Other
this
161, p. 2105.
3 Months Ended March 31—'
Royalties,
.
In
declared
16
May
on
accumulations
of
$100, payable
Vice-President,, formerly i/c Engineering, and
Research and Development, is retiring alter an
American Cyanamid Co.
Dividends,
/
Foundry Co.—Official Retires—
&
almost
of
May 22.—V.
"Net
5
the
of
to
'
(
value
stated
share, and 5;000 shares cf the. Common stock were issued and sold
Mr. Trubey at 10 cents per share or a total of $500 cash paid by
him to the corporation.
Mr. Trubey was 'thereupon elected President
a
3.618
...
Willoughby,
association
on
$67,573
—
American
R.
1—
2.
p.
American Woolen Co.,
The
account
Victor
,
was
mediate
and
war
contings.-—
income
Net
-V.
:
period.."
for
loss
Net
—v.; i6i,
75,000
for
post-war
6? 3
123,000
profits taxes
Normal
poration
poration, owning
$975,397
$1,078,885
$260,692
deductions
the following reorganization of the corformulated and effected.
The stockholders of the cor¬
and holding 4,668. shares of common stock (no par)
but with a stated value of $50. per share, agreed to sell and deliver
their shares to the corporation,which paid $1,120 in cash for 28 such
shares; and issued its 6%
debenture notes due Aug. 1/ 1954, in the
principal amount of $198,801 for the remaining 4,640 such shaves
980
894
$433,977
loss
the
of
Poreclain Steel Corp.,
(Ohio)
The
net
1944, as a result of negotiations between the stCckcorporation and R. R. Trubey. President of the Clyde
August,
holders
660
3,764
income
Total
10,519
2,988
12,925
74,839
_
417
$437,741.;
loss
Gross
Other
Operating
and
Administrative
2,608,095
440,565
$185,853
sold
130
Maryland
which
In
,.xup
selling expenses..—.——1-1—,—-—,,; 220
in
was
property of Baltimore Enamel , and Novelty Co. of Baltimore City
had been organized and in business since 1896.
'
and
*236
7-—------
—
etc
security and corporate taxes__.._„—.
social
.
_
furnaces,
to
Property,
etc.
goods
Selling
1944
re¬
discounts,
turns,
deprec., repairs to furnaces,
—
y
Years Ended Nov. 30
to
Feb. 24, '45
Cost
Feb, 28, 1945
incorporated
was
the
shares
25,
Name
Natural Gas Co.) v'->;
Pennsylvania
Western
profit before deducting
Gross
Dec. 1. '44
■
.
Co.—Earnings—
Statement, f» Months Ended
Income
(Including
Business—Corporation
and
-
at
1917, under the name of Baltimore Enamel and Novelty'Co
changed to' present title April 5, 1945.
Corporation at the
time of organization in 1917 took over and succeeded to the
business
Oct.
follows:
American Window Glass
the option of the com.
at $5.50 per share plug all
at
at ttoy time, on 30 days "notice,
unpaid and accrued dividends.
The preferred is convertible
option of the holders into common stock on the basis of 2'/2
of common for each share of preferred.
7
*
Jhcrease^of
May
stock* is. redeemable
preferred
new
pany
the
this company for
properties of
electric
,
19,- 1945, totaled 87,276,000_kwh„ an
the output of 82,951,000 kwh. for the conesponding
ending
5.22%
-
Inc.—Output
Works & Electric Co.,
the
of
output
/' *
/
,
American /Water
Power
$72,17.1,998. $73,690,303^
$20,259,843 $20,808,750
1874.
p.
Off--2.6%--,/.«
Co.—April Sales
30—
_
Offered—Of,
100,000 shares of 7% cumulative convertible
preferred stock (par $5) arid 100,000 shares of common
stock (par 10 cents) was made May 21 by Kobbe, Gear
hart & Co., Inc., and Newburger & Hano.
The stock
offered in units consisting of- one share of preferred and
one share of common, is priced at $5 per unit. ;•
fering of
';>•••/
American Stores
Steel Corp.—Stock
Porcelain
Baltimore
3
$7,800,-
At the end of
239-*.
Period End. April
—V.
government and other
1944 these items totaled
cash,
with
been
ever
Sales
week
.
the
and
underwriters
the
of
names
debentures
of
.'V
debentures.
Underwriters—The
amount
conversion
has
aggregating $9,500,000.
treasury,
for
it
tion
Monday, May 28, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
ch
>
ni-iri' kn
ruin
purchase
1
issuance
upon
conversion
warrants.-reservet* 'or issuance
J/0 be outstanding
if and when the
each sha:
donated and retu
sale together wit!
this offering; 25
the preferred s
of
upon exercise of the
present offering is compl
as
transfer
The
"Number 4389
161
Volume
THE COMMERCIAL
for both the common stock and the preferred
Trust Co., 15 Exchange Place, Jersey City, N. J.
agent
Stock is Corporation
Boston
Fund, Inc.
1943
$117,299
24,907
20,657
First
$74,539
18,237
12,839
3\*'b
Serial
$96,642
$73,591
$61,699
125,352
115,185
105.138
84.424
"Exclusive of profits or losses on investment securities.
Statement of
diyidends
sold
and
but.
not
$14,933,853;
interest
cash
receivable,
yet delivered,
1945—3'Mos—1944
Net Assets,
demand
$1,273;
for
total, $16,070,494.
stock
$2,130,809
$6,272,293
$6,097,612
1,583,582
446,501
1,567,779
427,864
4,569,909
4.558,946
1,163,500
1,139,643
but not yet
$135,166
$538,883
23,081
to
$398,419
7 ,277
18.897
received, $18,998;
yet received,
$20.31
share
per
(exclusive
of
$15,915,176;
$5,453;
payable,
shares of
783,519
on
shares
1,016
payable for capital
dividend
in
treasury)
stock reacquired
$125,353;
31
900,000
200,000
125,000 shs.
200.000 shs.
107,003 shs.
200,000 shs.
94,000 shs.
stock
$25):„'..-—'
(par
April
at
but
Ended
1944
inc.
from
income
income
Fixed -charges
Int.
$142,444
$561,964
1945,
30,
Total
3.871
.
3,871
11,613
Other
Fed.
11,613
75,655
210,411
226,965
$1,997,938
$1,734,059
1,424,612
1,189,517
1,024,311
$963,990
$1,019,177
SS08.421
$710,343
15,058
15,455
....:,. 3,048
4,693
$1,034,632
$811,469
$715,947
40,548
5,490
231,778
231,030
242,414
opers._
(net)
$979,019
deductions'
30,983
charges, &c
income..
Net
-V.
$133,655
$62,918
$333,941
$7,560.C00
on
$178,737
authorization
contribution
its
As
In
well-rounded
a
on
postwar
in
economy
the Pacific Coast,,
the
com¬
a
trading
May 19.
it
areas,
announced
was
1764.
the
aiid
sales,
cash
after
31,''45
Nov.
on
236,526
.
the
$9,632,989
8,462,216
profit
_—
Selling and gen. admin. exps—___
7,946,085
$1,170,773
$1,137,012
_
domestic
current
$722,721
603,723
-539,311
$631,462
$184,685
218,930
215,210
five
Interest and other non-oper.
and
.
expenses
for
203,560
OT6.017
014,787
Cr28,532
>
waste sales.,
duty on
140,000
180~6O6
$202,892
Preferred
$252,268
"$65,331
39.605
39,604
dividends
paid
156,804
dividends
Average
number of
stock
:
shares
of
": '
com-
313,609
$0.67
-
Balance
Sheet, March
Assets—
securities
zz
;
•—
1944
'-3,850,000
—
1941
Federal
taxes
Post-war credit
Other
on
Insurance
income
on
650,000
650,000
.1
Total
1,589
;
for
$1,982,618
$1,404,030
1,129,724
623,466
165,094
154,753
—
taxes.
tion
of properties
Reserve for inventories
"Capital
surplus
treasury
Capital surplus
Earned
held
stock
build
the
Greenpoint
plant
of
additional
two
gas
will
the
,
"In
said. the program includes resumption of manufacture
seat sleeper coaches, or chair cars, developed by Budd
that in
type
complete
addition to
lounge,
tavern,
observation
-
•
shares
of
common
difference of
share
has
stock
company
at
an
$9,228 between
been
250,000
263,954
acquired by
average
continuing its development of the
504,726
6,420,030
cost of
Burton-Dixie Corp., Chicago—25-Cent
cash purchases 5,000
$48.15
per
share.
in
to
"Net
per
per
1945
1943
Common
2,902 shs,
2,902 shs.
32,100 shs.
2,902 shs.
10,700 shs.
966 shs.
H.
M.
Byllesby and Co
Witter & Co.-
Dean
—V.
161,
p.
Dividend—
share
on
May
on
7
declared
the capital stock,
1198.
Canadian Malartic Gold Mines,
'<"■
Operating
Operating
revenues
...
expenses,
Depreciation —_J':.
Uncollectible revenue
Taxes
$245,403
$209,433
$144,458
32,244
16,947
6,938
preferred stock (par $25), were exchanged for a like num¬
ber of shares of, cumulative preferred stock, $1.20 dividend series. The
remaining shares of cumulative preferred stock, $1.20 dividend series,
not exchanged (58,669 shares, including the 7,000 shares not subject
to the exchange offer) were offered by the several underwriters.
cumulative
1945—12 Mos.—1944
1945—3 Mos.—1944
$12,998,829 $12,416,069 $46,895,198 $44,759,592
20,930,489
22,486,384
5,626,008
5,709,941
5,051,929
5,394,668
1,346,400
1,359,900
—'
accrued
Exchange
.
•
&
Net
.
i
operating income.
31,115
12,033,862
3,391,925
^
Gross
income
Int., discount
&
v..
Drl,731
$6,980,282
10,750
$2,051,735
$2,245,903
income
j.
11,761,454
•
21,486
.
$6,984,603
■
108,313
rents..
Offer—Company offered to
be
entitled
dividend
to
-
$6,991,033
$2,073,222
402,482
418,983
1,589,431
1,713,798
$1,654,238
$5,401,601
change
$5,379,119
'
July
to
1,
'
161,
p.
;
over
cost
1538.
of
service
A.
Lindholm,
expired May 7, 1945.
for preferred and common
300
Registrar for preferred
Francisco; for common
Boston Elevated Railway—Earnings—
Excess of receipts
The ac¬
preferred stock
will be paid in cash at
Transfer agents
B.»
Month of March—
-V.
7,516
7.879
8,270
17,300
19,000
.26,650
expenditures
$74,282
$47,781
$35,720
$110,810
1,442
1,150
534
3,548
__
allowance has been made for deprecia¬
764.
p.
Canadian Pacific Railway
Week Ended May 14—
Traffic
;
19j5
1944
$3,374,163
3,281.879
$3,269,700
3,184,825
$92,284
$84,875
-Traffic Earnings—
1944
1945
■
$6,146,000
$5,575,000
earnings
—V.161, p. 2215.
According to
ration
Chicago, this corpo¬
down the $60,000,000
Associated Press dispatch from
an
announced
14
May
on
plans
closing
for
plate mill "because the need for tank equipment
is not adequate to sustain operations."
It was stated that most of
the
500 workers
eventuully would be absorbed into other Carnegie
(Ind.)
Gary
Illinois
armor
of
Gary.
the
roof" plant took six month?)
"under
$60,COO,000
completed in October,
was
The plant occupies 26 acres and
1942.
peak In 1943 employed 2,300 workers.—V. 160, p. 1732.
its
at
in
operations
Construction
Carolina Power & Light Co.—Earnings—
Period End. March 31—
Operating revenues
Operating expenses
1945—12 Mos.—1944
1945—Month—1944
....
$1,448,278 $18,182,632 $18,083,213
6.832,851
6,968,534
466,631
$1,464,143
...
510,658
334,044
352,446
3,786.696
3.758,190
158,059
165,408
1.839,834
1,807,882
125,090
taxes
retire,
Prop,
Net
125,000
1,500,000
1,500,000
$338,793
$4,087,568
$4,184,296
appro.
revenues--
$336,382
res.
oper.
income
Other
5,266
56,914
S4.144,482
161, P.
-
18,0W
$4,202,313
145,647
162,640
1,765,594
1,690,484
$196,001
Dividends applicable to
—V.
2,386
$341,179
$178,539
$2,378,888
$2,511,820
1,222,832
charges
income
Net
,
$341,648
(net)
income
Gross
1,134,601
preferred stocks—
1992.
Celanese Corp. of America
Savings
stocks, Guy D. Lamp and
Montgomery Street, San Francisco 4, Calif.
stock, Anglo California National Bank of San
stock, Bank of America, National Trust and
Association, San Francisco, Calif.
proceeds (1) to redeem all
preferred stock (par $25);
the Sweetwater Falls Dam
working capital (approximately
-Purpose—Company intends to use the net
of the presently outstanding 6% cumulative
(2) to provide funds for the completion of
(approximately
$223,647).
$200,000);
(3)
for
(& Subs.)—Earnings—
1945
1944
$9,077,417
$8,335,900
2,275,176
1,880,870
$6,802,241
$6,455,030
3 Months Ended March 31—
from
income
operations
admin, and general expenses—
operating profit (before
Net
depreciation)—
136,065
Other income
V
Depreciation
Interest
Amort.
1,113,420
1,136,236
300,020
70,954
74.550
3,462,500
3,186,000
$1,968,587
income.
Net
$6,524,100
300,029
debentures.-—2_——ipremium, disct. & expenses.—
for Federal taxes on income———
on
$il,850,101
of debt
Provision
69,070
>
$6,938,306
income
Total
•
Earnings per common
—V.
161,
$0.30
$0.81
share.^—
1652.
P-
Caterpillar Tractor Co,—Sales &
Consolidated
Results
■
Its
Per. End.
1945.
the time of the exchange.
cumulative preferred stock not on deposit for ex¬
prior to the close of the exchange period will be redeemed on
1945 a~t $27.50 per share plus accrufed dividend to that date.
(par $25),
$7,092,917
$1,841,693
Total receipts
Total cost of service
7,531
the holders of its 6%. cumula¬
cumulative dividends from May 1,
May 1, 1945 on the 6% cumulative
The exchange offer
Income balance
—V. 161, p. 1764.
221,578
29,330
taxes-
161,
,4,310
i.
exp.
office
for
$371,619
3,021
227,040
Note—In the above figures no
Net
sales
Net
Apr. 30—
For
the
——-
months
Engine Co.,
1945— Month—1944
1945—4 Mos.—1944
$22/172,896 $16,422,821 $100,204,504 $63,098,660
ended
April
30,
1945,
2,546,520
2,810,097
658,716
701,263
12
Profits Higher—
of Co. and Caterpillar Military
Wholly-Owned Subsidiary
profit
Any shares of 6'/o
$2,244,176
_____
$293,161
3,687
242,828
*
Oper. prof, for period
Capital
$1 20
crued
;
-
$319,312
4.953
262.483
general
—Toronto
Provision
preferred stock (par $25) the opportunity to exchange their shares
dividend preferred on the following basis: For each share
of 6'/o
cumulative preferred stock (par $25), there will be delivered
one
Share of $1.20 dividend preferred.
The $1.20 dividend preferred
will
Non-operating
85,323
Operating costs
tive
for
'
3,683,079
1942
82,152
$378,579
product, (gross)
Marketing charges
Selling,
Co.—Earnings—
Period End. March 31—
1943
88,619
1945
Metal
Adinin.
Ltd.—Earnings1944
81,368
milled
ore
Gross
Co.—Stocks Offered—
Blyth & Gok, Inc., and associates recently offered the un¬
exchanged portion of 107,000 shares of cumulative pre¬
ferred stock, $1.20 dividend series, at $27.50 per share
and 9,672 shares of common stocK at $36 per share, r
Pursuant to the exchange offer, 48,331 shares of the company's 6%
charges, including depletion, depreciation, cost
oh abandoned
wells, leaseholds, and estimated Federal income taxes.—
V- 161, p. 1420.
Edison
1420.
p.
Quarters End. Mar. 31—
18.
This is the first payment to
offering of the stock was publicly made
deducting all
Boston
Co
May
1942
21,833
___
1944
$256,746
profit'
"After
of
32,100 shs.
Republic
Other taxes
a quarterly dividend of 25 cents
payable May 31 to holders of record'
be declared since the formal
on March 15.
Prior to the
offering.it was the company's custom to pay dividends annually.. In
1944, $1 was paid; in 1943, 75 cents, and in 1942, $1.
See also V. 161,
directors
The
The
the cost and the stated value of $50
Bishop Oil Co.—EarningsGross income
number
the
follows:
2__32.100 shs.
of accommodation the company's policy would be
trains including coaches, sleeping cars, diners, and
The company will give special attention, he said, to
California Water & Telephone
3 Mos. End. Mar. 31—
and
as
LI-*—-:
and
stock have
been
called for redemption on July 1, next, at $45 per share and
dividends.
Payment will be made at the City Bank Farmers Trust Co.,
New York transfer agent, 22 William Street, New York, N. Y.—V. 160,
p.' 2291.
capital surplus. * The total stated value of
$250,000 has been set aside from capital surplus as surplus applied
against stockheld in treasury.
This stock is being carried in treasury
subject to an option to. the president of the company at $48.50 per
share, exercisable during the period from May 9, 1945, to Jan. 2, 1955.
—v.'; 161, p. 1420.
•: l
:: Vo:'.
V
are
outstanding shares of no par value preference
of the
All
to
added
underwriters
Central
Federal
$29,720,749 $28,662,562
the
1944,
the
of
names
severally to be underwritten by each,
Blyth & Co., Inc..
and
Surdities,' Inc.—Calls Preference Stock—
15,680,450
6,615,218
—.
November,
Water
.
pany.
Interest
Total
:
acquired the properties and busi¬
which, with the exception of Jamaehu
company
Carnegie-Illinois Steel Corp.—To Close Mill—
resume
developing car tyi>es designed to provide low-cost bedroom service,
with
its policy of furnishing equipment which
would help
attract mass travel to the railroads.—V. 161, p. 1992.
in
——
Potomac
line
2,640,300
:
—
surplus..
at
1,000,000
2,640,300
15,430,450
;
against
applied
the
corporations,
ownership of their stocks by Western Utilities Corp.
The
so acquired
were San Gabriel Valley Water Co., Central
Supply Co., The Monterey County Water Works,
Coronado
Water* Co., Southwestern
Home
Telephone Co., Monrovia
Telephone and Telegraph Co., Sierra Madre Telephone and Telegraph
Co., San Fernando Telephone and Telegraph Co., Southern California
Water Supply Co., Jamucha Holding Co., Ltd.
■
'
:•
These corporations were dissolved following acquisition by the com¬
Tons
day.
a
234,805
243,391
1,000,000
6%-■ preferred stock ($100 par)
Common stock..
war,
and eight by Richmond,;Fredericksburg &
recreational units.
rehabilita-
and
program
according to recent, surveys made
50.000,000 cubic feet may be added
a result of increased use of gas for
purposes.
The company's peak day in the
after the
feet
said
Budd
Mr.
to
expenses
expansion
an
the
sleeper-coach
post-war
on
30s, as well as dining,
several types of sleeping cars.
;
$28,662,562
Employees' taxes withheld........
!
1935,
22,
certain
corporations
facilitated by production of
be
reserved
during
*
Reserves for Federal-and State
Reserve
407,503
$29,720,749
....
Accounts payable and accrued expenses..
of
Preferred
18 announced that it plans to spend $5,000,000
gas
company
the
of
3,339
,296,553
>
unexpired and expenses deferred
Liabilities—
1964.
each
war
announcement
20,000
33,000
receivables
and
160, p.
the manufacture of modern, lightweight
stainless steel railway passenger cars Just as soon as manpower and
materials are available, Edward G. Budd, President, announced.
The
8,006,276
refundable
profits taxes
excess
Nov.
through
To Resume Car Manufacture—
The
9,374,679
7,210,286
(net)
investments
non-current
on
Dec. 27,
1935,
20,
Holding Co., Ltd., the stock of which was not acquired until 1935, were
formerly affiliated and under common management with the company
3.790,119
:
12,513,882
equipment
share
incorp."in California
was
RR.
2,550,000
2,770,229
Inventories
and
per
recently announced that New York-to-Florida passenger
48 stainless steel passenger
cars,
to cost about $4,500,000,
for which orders have been placed.
Thirty of the cars are being purchased by Seaboard Air Line Ry., 10 by
$3,860,646
Accounts and notes receivable (net)
Plant
cents
cents, plus 25 cents extra.—V.
commercial
Pennsylvania RR.
1945
Govt,
On
nesses
The company
31
$2,395,211
Cash
U„ $.
50
occurred in January, when 138,000,000 cubic feet of gas
Capacity of the Grcenpoint and Citizens works is about
cubic
service will
>
,
of
June 8 to holders of record
follows: On May 15, 371,2 cents,
$434,943
'
the name of 3weetwater Water Corp.
On Aug.
changed to California Water-& Telephone Co.
tion.—V,
Nil
Comparative
as
32,200
177,250
$362,640
(Edward G.) Budd Mfg. Co.—Large Orders—
313,609
$0.52
.
dividend
a
were
308,439
$494,415
Business- -Ccmpanv
"and
was
342,438
$309,101
'
under
tanks
156,804
"308,609
"Deficit..
stock
(net)-.
■
share
per
only
pounds per square inch pressure, a million-gallon tar storage tank,
an 8-inch oil pipeline from the dock on Newtown Creek to storage
in the Greenpoint plant.—V. 161, p. 1992.
650
outstanding
Earnings
■),
...
paid."
Common
the
is
39,604
154,305
;
This
capable of producing 10,000,000 cubic feet of enra day, the
company will have eight sets of such
generators in use.
Other installations include new purifying equipment
at the Citizens works, three new compressors, more than two miles of
42and
48-inch high-pressure transmission
mains, u high-pressure
boiler with
a
steam-producing capacity of 60,000 pounds an hour at
and
Net income
gas
installation
With
61,249
provision for Federal income taxes.
History
1926,
name
California
payable
$10,
1944
year
years
and
year
buretted
income
_
a
to
consumed."
generators,
Reserved
yet
on
that will increase
manufacturing facilities by 20,000,000 feet.
coming
140.000,000
538,036
$533,290
Operating profit
Depreciation and amortization.——
not
act
planned
company,
40,000.000 to
current daily peak output as
was
Gross
in
the
by
$8/668,806
8,116,025
$36,000,000.
declared
par
37-'/a
24,
capacity of
Within
Mar. 27,'43
$9,253,037
——
is
taxes
excess
Underwriters—The
to
discounts
Cost of sales
has
will
It
shares
the
/
Apr. 1,*44
rate
meeting
stock.
Brooklyn Union Gas Co.—Plans Expansion—
other
and
have
stock,
Payments
The company on May
Bigelow-Sanford Carpet Co.—Earnings—
Nqt
approximately
161, p. 2215,
directors
29,
during
Mar.
of
capital
May
v;::r
3 Months Ended—
next
such
to
the
public, shortly after the War Bond Drive,
underwriting syndicate to be headed by Wertheim & Co.
value
a
The
engineering
p.
their
of
and
income
Net
statement
Brockway Motor Co., Inc.—Larger Distribution—
was made by W. P. Hilliard, General Manager of
division in : Baltimore* center; of the corporation's
and manufacturing activities for communicants and con¬
sumer radio, television and radar equipment.
"Our engineering and manufacturing organization already has set in
motion joint plans- for launching
production of radios and radiophonograph combinations in Baltimore and at the Pacific division as
soon
as
the military
situation permits," Mr. Hilliard said.—V. 161,
Radio
Bertdix
dividend
The
at
$10,000,000
registration
the company
outstanding.—V.
Calif., on
Tifis announcement
the
of
a
stock
an
1944
has
for marketing
Santa Barbara,
at
stock.
Stockholders
file
soon
reported earnings after all taxes of $2,439,546.
amounting to $3.66 per share on the 667.250 shares of capital stock
outstanding in the hands of the public and which, at current market,
radios and radi-phonograph combinations
coast
west
in
to
corporation will manufacture
plete line of
the
through
will
it
preferred
determined.
offer
Bendix Aviation Corp.—To Expand Radio Manufactur¬
ing on Pacific Coast—
Wfest, this
of
been
total
1537.
161, p.
that
announces
income
profits
Bristol-Myers Co.—To Register Preferred—
Company
1941
1942
32,443,788
income
Interest
total, $16,070,494.—V. 161, p. 980.
$417,315
70,137
——
debs;
A
ser.
on
$207,663
_-i'
31
1.611,360
expenses—
Net
;
——$2,575,350
Operating
Other
Dee.
None
1943
revenues
"
Gross
$5,850,000
194S._
assets
value
par
la
Cumul. Pfd. stk. $1.29 div. Ser. < par $25)
Series B preferred stock (par $25».—
(equal
capital stock
net
outstanding
1945
250,000
Liabilities--Accrued
expenses,
£1,400;
accrued
taxes
(other
than
Federal income tax), $4,113; payable to broker for securities purchased
not,
due
Opera ling
;
r
82,229,724
8.021
'
•
.2111
Series, due 1971
note,
$1,131,557;
capital
revenues-
$199,641
Outstanding
$20,000,000
•
Earnings for Years
deposit,
receivable
expenses-.—
Operating income.*!
Non-operating income...
<
.
due 1971
April 30, 1945
on
$3,810;
Operating
—
Series,
Common
$97,625
paid—'
Operating
Taxes
:
bonds—_
mortgage
$3.60',t-
Authorized
•
.
1942
,
$01,828
'
lncome__
Dividends
Subs.)—Earnings—
1945—Month—1944
Period End. March 31—
1944
5122.532
—i—______
Assets—Total,
(&
Capitalization Upon Completion of This Financing
1.945
>;
*Net
Underwriters--Kobbe, Gearhart & Co., Inc., and Newburger & Hano
New York.—V. 161, p. 1674.
Baltimore Transit Co.
-Earnings—
April 30—
Income
Expenses
2327
•
3 Mos. End.
jpurpose-,—Net proceeds of approximately $417,500 to be received by
the corporation from
the sale of the preferred and common stock
will be used for new equipment and for additional working capital to
facilitate reconversion and place the corporation in a position to take
the
fullest possible, advantage of the opportunities expected to be
afforded for peacetime production of its products.
•
CHRONICLE:
& FINANCIAL
net
sales
amounted to
$7,927,490, as compared with $185,695,290
and $8,605,558, respectively, in the preceding 12 months' period.
Above earnings are after charges and Federal taxes but subject to
$283,055,359
and net profit
renegotiation.
An agreement was reached
,
"
in March,
„
•
,
1945 with Corps of Engineers,
for a net refund of
approximately $600,000.
This agreement is subject to final'approval
by the Price Adjustment Board and no provision therefor has been
made in the financial statements.
In the light of this agreement in
1943 renegotiation, it is the opinion of the management that renego¬
tiation of
1944 profits and redetermination of 1944 prices' under a
Government
contract should have no material effect on the profit;
reported for 1944.
L
"•
U.
S.
Army,
regarding 1943 renegotiation, calling
US*
stock,
Patent Litigation Settled—
the
Co.
not
past
14
The two payments this year are applicable to
which on July 1, 1945, will amount to $2.50 per s"a*®'
Patrick H. Joyce, President, told stockholders at the annual naming
that "it is the hope of the management that in the not distant future
it may be possible to pay a dividend on the common stock.
"It
has
appeared both desirable and necessary to first put the
financial affairs of the company in a sound condition, ' Mr, Joyce
entailing
years,
Central & South West Utilities Co.
ferred
Accruals to be
Dividend
Prior Lien Pre¬
—
directors
The
regular
declared
16
May
on
dividends
quarterly
of
lien preferred stock, $7 dividend series,
per
prior lien preferred stock, $6 dividend
series, and also dividends of like amount on account of accumulations,
all payable June 20 to holders of record May 31.
Regular payments
of
the prior
share on the
share
per
on
$1.50
and
$1.75
March
the
on
this
20,
dividend
of
the
on
arrearages
of
and
while
year,
$10.50
of
account
stock
$7
$1.50
15,
Feb.
on
$7
stock
and
stock
the
1945,
of
one
those issues.—V.
on
$6
the
on
$9
161,
made
were
paid
company
the
on
on
stock
$6
a
on
981.
p.
Central Vermont Public Service Corp.—Earnings—
,
Operating
revenues
Operating
1945—4 Mos.—1944
1945—Month—1944
Period End. Anril 30—
$1,414,240
$1,484,776
$333,876
$357,350
—
___
232,161
210,991
975,286
'■J;." 940,025
income—
$125,189
$122,885
$509,490
$474,215
expenses
is
being
advisable.
Net
oper.
Non-oper.
inc.
362
132
1,259
$123,017
$510,749
$476,457
23,226
23,988
96,377
Crl34,400
36,000
(net)—
—
-
Deductions
Fed.
_
taxes
income-
on
Acceleration
of
the
debt
disc.
&
John
161,
$254,000
$236,772
—v.
'■
13,032
requirements
-V.
$63,029
$59,125
dividend
stk.
18,928
J.
Net
ties
1944.
The
bank
at
last 12 months.
During the same period, the prior
outstanding has been reduced from 67,373 to- 16,713
shaies, thereby eliminating back and current dividends on the 50,660
shares of prior preference stock retired.
»'f i:;.:V
'-V:
(less freight,
goods
discounts and allowances!—
sold,
etc.—
and
Depletion
Other
il:.
;
profit
Operating
;
——
81,821
Total
income
Interest
-
fund
97,625
United States
Vj
,
—
Appropriation to
Excess
of
redemption
price
debentures redeemed
'
for contingencies-
reserve
face
over
value
199,000
;
rate
of
Balance, surplus
—V.161, p. 2216.
of
by
the
$172,093
15-year
or
and
1%.%
per
and
4
was
associates,
annual
of
cost
$6,180,000 1%% equipmentContinental Illinois National
sold
at
100.331
•
and
the
name
rate
of
$195,257
Chamberlin Co. of America—Sales Increased—
Sales
14.2%
all
of
products
civilian
and
windows
end of
the first four
during
larger than in the
corresponding period
fuej conservation products,
and
rock
April
wool
insulation,
161,
Unfilled
the sales
of
of
1944,
strips,
at
the
of
of
authoriaed
the
locations
Each
listing of $54,seriep B, 3%, due Jan. 1, 1989.—V. 161,
Vi:;''--■'
Cherokee
Spinning
Mills
above.
Cherokee Spinning Mills, Knoxville,
Tenn.—Changes
in
stockholders
this
recently
to
company
approved
Cherokee
to
proposal
a
Textile
Mills.
For
change
several
the
name
cash
E.
V.
2585.
115,
p.
J.
Ashe, S. D. Blue, E. J. McMillan and
C.
S.
Period End. April 30—
income
Gross
Fed.
inc.
&
1945—Month—1941
the
for
Other
3,467,920
1,023,242
9,918,594
4,113,411
2,046,793
2,292,808
8,684,277
Sink,
fund
&
propriations
Balance
to
40,390
40,870
164,254
2,251,938
8,520,023
$0.30
$1.13
$1.20
Dividend in Pittston Stock—
The
directors
common
stock
each
40
July
of
C. & O,
holders of
to
2
Pittston Co.
of
at
the
rate
record
June
issued for. fractional shares and the C.
Bank & Trust Co., New York
certificates
By
of
of
to
of
means
190,625
the
The
facilitate
this
shares
total
to
2.
& O.
one
share of Pittston
dividend
Scrip
C.
Pittston
&
O.
will
common
Co.
;
dispose of its entire holdings
stock, amounting to one-third
•
on
account
of
accumulations
on
a
dividend
the
5%
of
G2V2
cumulative
of
payment
with
the
railway's
RFC
on
the
to
plan:
4%
bonds,
$5,992,850
bonds, 44,617 preferred shares and
general
111,438
prior
to
at
of
meeting
The,
cents
elected
were
held
of
Park,
reorganization
the
Stock
at
are
New
of
3,
last.
John
York
firm
the
-
of
University;
Vilas &
Manufacturers
the
Class
of
Albert
H.
Hickey
and
Trust
Co.
Grant
Holders
»
which
*
submission
to
the
Interstate
' '
^ '
"
Commerce
The
&
company,
in
a
Commission,
at
the
(a)
Trust Co.,
&
was
A
coupons
attached.
reduced
161,
p.
1993.
aforesaid
as
will
"
.
$4,900,000
:400,000 shs.
amount
of
shares in the
$250,000,
maturing
1945,
1,
Aug.
treasury,:
outstanding
-
4%%
mortgage, held by Metropolitan Life Insurance Co., on
Lit Brothers,
maturing 1955, in the reduced principal
approximately $4,725,000. '<■...
;
:
X".
of
JH?TrT^age> he^d by Metropolitan
t0
Life
,
Insurance
Co.,
on
lng Co<matunnS 1955, in the principal
fmortgage> held bv Prudential
Insurance
Co. of
on property of R. H. White
Realty Co., maturing 1959, in
principal amount of
the
principal amount of $1,175,000.
r.(e3mo^t|agte> held
reduced
■ertv
?
principal
by New England
Buttonwood Warehouse Co.;
amount
of
cipai amount
Mutual Life Insurance
maturing 1954, in the
approximately $630,000,
nf t0rtgiage' ueld by
New York Life
.
.
Insurance Co., on prop-
MSsSo.'5' LMb' maturlng 1S48' in UK reduced priu-
c/8^ni?^mortgage;
Mutual
reduced
be
maturing
s
..
Outstanding
approximately $1,347,000.
- ft .mortf,a8e, held by Metropolitan Life Insurance Co., on
property of Maison Blanche
Realty Co., maturing 1949, in the reduced
Memphis Ry. Bonds—
This offer to nurchase
principal
...
4%
America,
Chestnut
good until June 30, 1945.—V.
31, 1945
Authorized^
$4,900,000
and'partic.)
"Su^of SiS oOO 0
earliest
Streets, Philadelphia, Pa.; at the
office of the treasurer for the trustees,. Rcom 1136,
139 West Van
Buren Street. Chicago 5, 111., or at the office of the
trustees, Room
1504, 25 Broad Street, New York 4, N. Y.r and receive in
pavment
therefor $1,570 per $1,000 bond heving the July 1, 1934
and subse¬
cum.
notes)
.
notice dated May 15, offers to purchase Choctaw
Broad
.
Jan.
approximately $11,280,000, most of
secured by
mortgages on their properties.
These mortgages
rf*"
Memphis RR. first mortgage 5% bonds due Jan. 1, 1945, at 157 flat.
Holders desiring to accept this offer may present their bonds, at, the
Girard
of
31' 1945, the subsidiaries of the
company had
indebtedness aggregating
amount of
.
..
amounting
consideration,
700,000 shs.
the
'included:
of
and
the
stock
in
funded
-
;l
outstanding bonds have been asked to forward
promptly
address,^ together with description of issue and amount of
bonds held to J. C. Comptcn, Assistant
Treasurer,. 25 Broad Street,
New
York, N. Y., in order that correct lists may be prepared for
name
(6%
promissory
$5
property
■
As
'
(incl.
•
7
of
paid to the seller by R. H. White Corp.
acquired by it.
In order to con¬
assets
of
tExclusive of 1,641
Darragh
;
R.
purchase of
stock
A
•
law
and
of
payable to Chase National
Bank, New York, $500,000.
:
were
the
finance
acquired by R. H.
H. White Corp.
aforesaid assets,
was
fort the
(par $5
1,900,000 shs.
tl,208,401 shs.
♦Funded debt of company: 3% •
promissory note dated Dec. 18, 1944,
payable to Chase National Bank, New
York, in five annual installments
of $416,000 to Dec.
15, 1949, and $420,000 payable on Dec. 15, 1950,
$2,500,000;. 4%
promissory note dated Dec.
15,: 1944,
payable to
Bankers Securities Corp. Dec.
15, 1950, and subordinated to the fore¬
going 3% promissory note, $900,000; 10
3% serial notes dated Aug. 1,
1944, payable to Bankers Securities
Corp. semi-annually on Feb. 1 and
Aug. i m each year from 1945 to
1950, in the principal amount of
$100,000 each, $1,000,000; two 2%
promissory notes dated Aug. 1, 1944,
annual
directors
member
corporate
Seeks Names and Address of Bondholders—
quent
per
preferred
Twelve
Gerdes,
of
at
Corp. to be
substantially
Chase
debt
common
\'
directors
seller
remainder
was
the
„
^Funded
mort¬
>7
new
and professor
Exchange
Vice-President
as
May
on
directors
new
Gerdes'& Montgomery
corporate
A.
Yorkers
New
the
.
of
premium to RFC of $95,140.
a
in
Capitalization
reorganization proceedings
1933, and $5,058,536 accrued interest.
purchased $2,680,000 ot 23/4% equipment trust certificates
by the company's trustees in March, 1940, and
shortly - there¬
them
The
included
the
the
(par
institution
by
-
Loan Administrator, announced May 17
road had retired the company's
indebtedness
$18,777,236, representing $13,718,700 advanced
the
White
the foregoing shares of
preferred stock and
R. H. White
Corp., the company borrowed $2,500,000
National Bank, New York, and $900,000 from Bankers
Securities Corp.
>
:;
:
:
/
;; ,y
Federal
the
$100,000.
stock
common
from
*
•
for
funds
summate
following securities other10-year collateral trust 4%
$2,500,000
mortgage
received
approximately $90,000,
from
r^':-
of
amount
acquiring
subject to mortgage, encumbrances,
Realty Co.,; a wholly owned subsidiary
consideration
stock
in
loans
as provided in
the ICC reorganization
obligation for cash will reduce the new
by
Offers to Purchase Choctaw &
Chicago Great Western Ry.—Accumulated Dividend—
declared
the
of
possible date.- '
15
1969
also
member
2216.
May
to
$18,777,236 RFC Debt-
company
reelected.
controls Clinchfield
on
the
the
first
Snyder,
stockholders
firm
Chester County Light & Power Co.—Calls Bonds—
share
the
Three
Sheridan-Wyoming
directors
bonds
general mortgage bondholders,
from the Circuit Court of Appeals
H.
of
estate>
each
has appointed Continental
All of the outstanding 1st
mtge. 6% gold bonds, series A, due June
1,. 1954, have been called for redemption on June 1, next, at 105 and *
int. f Payment will be made at the office of the
trustee, The Pennsyl¬
vania Co. for Insurances on Lives and
Granting Annuities, 15th and
Chestnut Sts., Philadelphia, Pa.—V,
161, p. 1876.
The
the
1944.
Three New Directors Elected—
&
p.
of
first
1,
R.
the real estate,1 was approximately $4,040,000,
of which
approximately $3,590,000 was paid in cash and the balance was repre¬
by a note (since paid in full) in the sum of $450,000 given by
R. H. White Corp. to the seller.
The cash required by R. H. White
Corp. to effect the purchased was received
by it (a) from the issuance
to the company of 25,000 shares of its
preferred stock for $2,500,000,
and 9,000 shares of its common
stock for $200,000, and (b) from the
issuance to Bankers Securities
Corp. of 1,000 shares of its common
payment
Jan.
C:-.'•
caused
purpose
the
sented
securities
of
under
trustees
after sold
simplification.
161.
W.
the
issued
for
likewise pay¬
certificates will be
is
Coal Corp., Davis Coal & Coke
Coal Co., all producers of coal,
also
Bowns, Metropolitan Coal Co. and Giobe Coal Ca., whole¬
sale
and
retail
coal
sales
companies, and United Sf*J ^ Trucking *
Corp.- an;d Independent Warehouses,
Inc.
The
distribution
of
the
Pittston common stock,
acquired at the time of organization of that company
in 1930, marks another of the many
steps' talzrivby the .
present management of Chesapeake & Ohio towards
—V.
to
,f
RFC
outstanding.
Pittston
and
Pattlson
extension
with
to
for
including
company
in June,
City, as agent for the holders of scrip
matching scrip certificates "into full shares.
dividend
of
of
This
$1,762,000
Massachusetts
assets, including the goodwill, of R. H. White Co., which for
number of years had operated a
department store in Boston.
The
The
by
and
cash
$4,070,874
John
y
stock held.
debtor
the
withdrew
to RFC by a payment of
on
shares
able
the
z1'
income 4Va%
that
May 22 declared, in addition to the regular 75-cent
cash dividend payable July 2, a special dividend payable in
quarterly
of
higher capitalization.
Choctaw &
Memphis
in
the
Common
9,029,031
$0.27
•
4%, and accrued interest paid in cash.
shares.
170,388
2,006.403
_
plan,
capitalization
To Clear
—_
surplus
totaling
the
for
to
the
will remain undisturbed,
representing
objection
issuable
gage
ether.ap¬
Earns, per com. share—
1949,
arrearages,
Liquidation
notes,
11,106,813
9,199,*19
10,696,403
income
Net
plan.
4,149,840
2,749,442
due
of
•"■v.-
company's
14,094,741
1,027,058
2,529,039
objections
$3,524,000
plan,
provided
th
allotment of
1945—4 Mos.—1944
railway taxes—
oper. income—„
a
:
railway applied to the lower court la?t fall for permission to pay
RFC
loan requiring
a
cash outlay of approximately $19,000,000
principal and accrued interest--instead of liquidating the claim
wise
2,490,983
all of
•
The
*
$17,536,814 $18,203,525 $69,500,435 $72,105,854
taxes
Net
its
in cash.'
profits
exc.
of
Chicago,
Rader.—
■
plan
committee
approval
Chesapeake & Ohio Ry. Co.—April Earnings—
.
overruled
interest reduced
The
company has been engaged in weaving its spun yarn into cloth.
Directors elected for the present year follow: A. G.
Heinsohn, Jr.
President; L. W. Deaver, Vice President; M. G. Thomas, Secretary and
bonds,
interets
of
ICC
annual
past,
years
the
Treasurer;
opinion
amended
mortgage 5%
The
The
of
organized
modified plan1 •
.
the
in the principal shopping
district of
is located.
Each store is operated as a
edge and assent of the company.
In December,
1944, the company
White
Igoe's
located
is
unit with broad discretion in its management in respect to
policies.
However, general basic policies as to the
operation, broad principles of commitment for merchandise
and the incurring of substantial obligations are made with the knowl¬
real
Judge
stores
of
by
Under
the
administrative
Igoe held that the total capitalization of $356,117,327 subthe Interstate Commerce Commission/lnt-its May. 1;. 1944,
more
"fair and equitable" than the formerly proposed
capitalization of $368,127,410. '
rV: ' ' ' 'l'/".
>
Name—
of
separate
was
and convertible bondholders in favor
these
t
Judge
:'//.
of
the respective city in which it
raitted
Cherokee Textile Mills, Knoxville, Tenn.—New Name
See
stock outstanding are listed
:
'
a
common
department stores are as follows: Lit Brothers,
Pa.; Maison Blanche, New Orleans, La.; Lowenstein's,
Memphis, Tenn.; Loveman, Joseph & Loeb, Birmingham, Ala.-; Kaufman
Straus, Louisville, Ky., and R. H. White, Boston, Mass.
report
'
made
was
underwriting
Philadelphia,
'
first
;
Stores Co.—Stock Offered—Mention
issue of May 21 of the offering by an
History and Business—Company was incorporated in Delaware Nov.
1923.
Company is a holding company owning directly or indirectly
or
a
substantial majority of the stocks of corporations engaged
primarily in the operation of six department stores.
The names and
■
the
at Chicago, on May 14, approved
for the company.
'
reorganization
1
for
all
-
Federal Judge Igoe
storm
orders
volume
1876.
p.
of
called
Redemp¬
k
,
been
(since
5,
V
,
proved by Court—
were
sales
_1
Listing—The 1,210,042 shares of
the New York Stock Exchange.
Chicago Rock Island & Pacific Ry.—Modified Plan Ap¬
1945,
With
weather
as
23.2%.
up
equal to about 45%
were
four months.—V.
such
months
of
outstanding,
on
,
t
1876 and 1993.
pp.
and
Registrar—The Chase National Bank, New York.
made
<
(issued
As of Jan. 31, 1945, Bankers Securities owned beneficially 1,046,075
common stock, or approximately
86% of the total outstand¬
ing, and all of the 400,000 shares of the outstanding class A stock.
Transfer
Agent—Central Hanover Bank & Trust Co., New York.
dividends
-
first mortgage bonds,
stock
shares of
,
,
to
York Stock1 Exchange has
New
000,000
capital
headed by Lehman Brothers of 100,000 shares of
stock (par $5) at $13 per share.
All the shares
are being sold by Bankers Securities
Corp., parent, and
the company will receive none of the proceeds.
by The First National Bank .-:
and has been accepted.! On these bases
the proceeds to the applicant
will be :r
annum,
deposits
common
obligation
assume
states:
trust
$6,110;
pumps),
have
our
type
.
air
City
in
offered
were
and
(other than income),
group
to
trustee,- and
as
balances
6.
p.
*
company
exceeding
issued
Chicago,
Listing of Bonds—
40,000
...
not
the
traffic
wages,"taxes
years
1524.
by the
average
The
/
of
be
to
approximately 1.68%.-
10,000
during period
10-
a
Chicago
the
40,095
39,264
—
'
of the Commission
borne
be
of
268,200
—
.
•.;* Canadian ■—i
of
a
Provision for Income and Excess Profits Taxes:
r
five
157, p.
$61,549;
1st
75 of which
for
run
payable,
accrued salaries,
redemption on June 1, next, $6,000 of
mtge. 4*A% 25-year sinking fund bonds, series A, due Jan. 1, 1%1,
at 103 and int.
Payment will be made at the Harris Trust & Savings
Bank, corporate trustee, 115 West Monroe St., Chicago, 111.—V. 160,
permitting
certificates in multiples of Ve of 1% per annum.
In
response
thereto 5
bids
representing 35 parties
were
received.
The best bid, 100.331
and dividends, based on a 10-year trust and
14,568
68,833
The loan will
unpaid balance.—V.
!:v"*
shares
There
to obtain a $1,300,000
company
31, 1944
set
deposit and on hand,
Citizens Independent Telephone Co.—Partial
dividends.
basis
$546,544
40,297
—
debentures
order
an
$128,056
totaling'$100,000 have been
Army contracts,.
of no par value),
$1,452,533; earned surplus
May 23, 1938), $142,745; total, $2,188,037.—V. 161, p. 205.
for sale through competitive bidding
and
invitations for bids were sent to a large number of
bankers,
banks, trust companies, and life insurance companies, the bidders
being required to indicate whether the bids were submitted on the
99,788
$638,687
——_
j
sinking
on
the
on
authorized
9
Co.,
certificates
to
Other deductions
purchase.
2%
respect
Trust
report
The
$446,756
—
&
The
2,910
$556,866
—
in
certificates,
accrued
160,066
3,298
.
income—
'
-
the
„
May
on
liability
trust
4,378,049
161,852
—
ICC
Bank
$4,987,781
4,839,130
—
_.
of
cost
authorized
the
finance
interest
The
1944
$5,561,147
_——
__
to
loan
also
Certificates—
*
of
issued
has
$177,703
reserves
on
etc.,
of
291,687
Chicago & North Western Railway—Equipment Trust
Comparative Consolidated Income Statement
Cost
Commission
18,169
86,276
$128,076; accrued Federal and State taxes on income',
$130,847; unearned revenue, $30,103; deferred credit (profit on equip¬
ment sold to the U. S. Government), $69,066; reserve for
contingencies
as
Commerce
Commission
an
during the
Depreciation
Illinois
The
preference stock
Sales
company,
the company to purchase 110 new buses costing $1,500,000,
will be delivered June 1 and the remainder in November.
and sale to The Equitable Life Assurance Society of $4,000,sinking fund debentures maturing in 1960.
; ■
One year ago the company's debentures outstanding were $7,100,000
paying 5V2% interest, today this debt is reduced to $4,000,000 paying
3 V*9c
interest.
This represents a reduction in the funded debt of
1945
this
of
;' ;
126,000
cost
at
Liabilities—Accounts
insurance,
authorized
securi¬
22,
on
payable, $167,009;
Chicago Motor Coach Co.—Bank Loan Authorized—
3% %
Quarter Ended March 31—
May
on
demand
taxes
reserves
adjustments
obligations
tion—J
debentures and refunded the entire balance of $4,000,000 through
43.7%
Chicago,
$232,501
$2,188,037.
.
(issuance
of
at
Igoe
before
1943,
31,
income
State
201,632
,
$172,137; U. S. Gov¬
(market quotation, $731,727), $727,274;
accounts
receivable, $542,177;
inventory of parts and supplies, at
average cost, $164,538;
special cash deposits, $11,482; miscellaneous
investments, at cost, $2,281; property and equipment
(after reserves
of $760,307), $527,006; prepaid insurance, $22,988; other
prepayments
and
deferred
charges, $18,153;
franchises and
goodwill, $1;
total
specified in the reorganization plan.
Disbursements will began around June 1.
The First National Bank
of Chicago will act as disbursing agent.—V. 161, p.
1993.
cumulative prior preference
stock
outstanding was reduced by 15,357 shares as a result of the
voluntary acceptance by prior preference stockholders* of an offer of
exchange made to them on Feb. 5, 1945.
In connection therewith an
additional 261,069 shares of common stock have been issued.
During
the
quarter the company redeemed from its own funds, $1,000,000
000
L.
period,
possible
Assets—Cash
ernment
payment of approximately $52,000,000 in back bond interest on
During the first quarter of 1945 the 6%
5 %%
Michael
and
Balance Sheet, Dec.
i993.-v":-\^_j--v.--;\-VVAv::"'ix'*-;'■■•"V1
Judge
$30,869
Gov¬
on
.13,262
for
income
against
(sales
Federal
Report—
profits
99,786
Federal
for
Note—Since Dec,
up
Chicago, Milwaukee, St. Paul & Pacific RR.—Interest
Certain-teed Products Corp.—Quarterly
and
fees
contracts
deductions
Other
Quail,
p.
$217,179
incl.
income,
Provision
Manager
161,
—
11,055
$2,274,541
2,243,673
$316,965
75,712
52,367
1876.
p.
taken in
was
301,823
-96,665
•
$2,946,712
2,729,533
revenue.
expenses
ernment
President of Quail & Co., and William G. Kellogg,
of Kellogg Milling Co., have been elected directors,
succeeding Edward C. Kinkbine and Eugene A. Schmidt, Jr., resigned,
177,600
177,600
exp._
income
Net
Other
decrease principally due to substantial in¬
and rents and to a lesser extent by
income taxes over-accrued in 1941,
credit
$1,864,999
107,245
from
Income
Directors—
General
Preferred
Operating
Federal
1943 for which
New
operating
Total
expenses
$338,500
$2,545,016
baggage—_____—
—
—
12,643
.'<'■■■
■
against
$3,536,146,
to
2,179,472
281,808
Express
amort.
•
of
and
of
amounted
1944
in
the
1943,
operating
resersal
1942
97,957
124,500
in
in
creases
income
Gross
accruals
tax
$5,753,142
2,242
$125,551
Railroad
1943
2,882,381
<'
revenue:
Passenger and excess
and
done
1944,
v
Operating
while high taxes will probably
for many years continue to drain off a substantial part of the earnings
every effort is being made to conduct the affairs of the company in a
manner
to make possible the payment of something to the common
stockholders.:U;'
"Developments thus far in the present year support the expectation
that traffic and gross revenues should about equal those of the two
preceding years, but due to prevailing high taxes, wages and material
costs no improvement in net results of operation appears probable.
"While gross revenues in 1944 were about the same as in 1943 and
nearly $5,000,000 greater than in 1942, the net income decreased
$431,267 compared with 1943 and $467,100 compared with 1942."
Mr. Joyce added, that although the invested capital of the company
for excess tax purposes has not been defnitely determined,
a pre¬
liminary survey by the Internal Revenue Bureau justifies using a more
favorable
invested
capital bass than has heretofore been deemed
"This
'
miles
Revenue
.
continued.
Reduced—
'
$1.75
Calendar Years—
1944.
-Annual Report—
Air Lines, Inc.
Chicago & Southern
record June 14.
last, and in each Quar
March 30,
on
arrearages
payment by International Harvester
to
Caterpillar Tractor Co. of $6,000,000.
This settlement has
been rellected in the accounts as of April 30, 1945.—V. 161, p. 1766.
over
made
was
holders , of
to
June-29
payable
distribution
during
announced
Co.
$50,
par
similar
May 2, 1945 International Harvester Co. and Caterpillar Tractor
a compromise settlement
of patent litigation extending
On
Monday, May 28, 1945
FINANCIAL CHRONICLE.
THE COMMERCIAL &
2328
••
™
-a
he
held by Connecticut
H. White Realty Co.,
Pwncipal -amount of $442,000.
above
figure
of
funded
indebtedness
as
Insurance
1946, in the
Life
.
of
Jan.
•
31/ 1945,
:
also
Number 4389
Volume 161
THE COMMERCIAL & FINANCIAL CHRONICLE
includes' serial notes of Lit Brothers in the reduced aggregate amount
of $500,000, payable to Bank of the Manhattan Co., and a note of
paid in fulL
May 20. 1945, amounted to 163,000,000 kwh., compared with 180,400,000
kwh. for the corresponding week of 1944, a decrease of 9.6%,
Local
v
f,
company to carry increased
distribution
t
and
with
;
Realty Co. has obtained from
White
H.
R.
in the amount of $450,000 which has since been
White Corp.
H.
r.
an
insurance
company
2329
of
electricity
178,900.000
kwh,
amounted
for
the
decrease of 9.3%.
a
'
162,200.000
to
kwh., compared
of last year, a
,:'0'
week
corresponding
;A
The
general
meet
volume
of
of
names
the
principal
underwriters
respective numbter of shares of common stock which each has
ally agreed to purchase are as follows:
Harland
Shares
.
Brothers.—,—_
Lehman
passed
for
sever¬
Mr.
52,000
A. M. Kidder & Co
8,000
Sachs & Co.—
12,000
Hallgarten & Co._i.___4,000
Hornblower & Weeks
4,000
Forbes
and
the
has
Curtis
—
sales.
the
retained
was
who
Parxer,
as
of
having
consultant
a
_
possible
order.
45,157,679
to
mechanical
However, they
as possible.
in
always
are
is
it
reasons
companies
arrange
Commonwealth
exact
as
the
company
since
Power
Gas
profit on sales-.—— $26,848,447 $23,642,710 $21,315,247
Other operating income..
1,715,930
1,350,047
1,267,761
Co.
1
*51,086,896
purchased
1945—12 Mos.—1944
$'
written off and
debts
Bad
accounts,
doubtful
for
s
$
79,868
69,348
1,482,542
______
18,064,597
17,515,468
70,247,483
_________
2,641,040
2,521,713
257,853
5.368,610
68,409,624
9,915,234
5,352,157
11,166,604
330,401
i
Federal
Fed.
287,653
54,733
107,389
lecov.
less
post-war
Charges
Balance
$9,862,720
$7,913,147
$5,935,928
810,969
__
621,780
394,477
Other income—
equiv.
tax
—_
$3,330,405
952,870
$8,534,927
699,162
debt
$10,013,540
957,105
6,211,400
212,292
♦Federal
profits
excess
Adjustments for
Amount
applic.
of
stocks
subs,
$5,377,535
978.643
2,582,690
106,158
Cr8,677
Cr470,586
Cr366,988
for
Net
Divs.
on
class
Divs.
on
—
$2,015,006
—_—
stock
common
A
&
Net
certain
1,133,200
1,139,200
4,498,000
3,544.200
4,947,014
19,878,305
19.562,477
8,790,044
9,116,369
225,538
59,428
34,317,171
1,145,288
34,888,605
778,739
9,015,582
9,175,797
35,462,459
2,861',594'
•
3,311,313
12,521,159
35,667,344
13,176,841
income—
6.153,988
5,864,484
22,941,300
$0.48
$0.46
$1.80
owned
of
the
same
deducting
retirement
debt
f,
post-war
credits
Consolidated
•
Sheet,
Balance
Jan.
287,510
473,620
658,200
showed
31,
1945
for deposit and demand
hand,
on
is
of
41,
operated
the
of
for
fur-trimmed
and
on
when
$4,122,046),
due,
$3,725,183;
long-term
$14,minority
A stock
reserves,
interests,
22,490,503
$1.77
Cleveland Electric Illuminating Co.—New
In
selling
units
comprising 18
under lease
operated
women's
at the present time by
specialty stores and 23
license
or
and
located
161,
p.
2216.
■
■
The
acquired
has
company
$50
Co.
196,999,000
•
outstanding
sales
aggregate
volume
and
the
four largest
28
193,916,000
184,458,000
April
—V.
departments
from
leased
them
is
licensed
or
not deemed to
others
to
minor
tnree
exceptions,
the oldest
years;
65
retail
operated
their
the
stores
have
been
Sonnenfeld's, located in
one,
years
All
ago.
shopping
under
such
stores
their
of
areas
individual
Name—
are
•
v
'
161,
Republic Co.
(Incorporated)
capital
Colonial Life Insurance Co. of America—New
to
the
p.
He succeeds the late J. Emil
J■ ■■'A:-
2517.
Presidency.
Columbia Gas & Electric
18
v.
and Secretary
share
p.
Total
operating
in
Maintenance
Depreciation
■
Federal
due
tax
Operating
Other
Income
inclusion
to
in
v!
(net)-—-—..—-
income
1,240,601
1,858,061
1,488,158
3,496,791
$3,040,345
-
$3,194,940
634,212
848,043
Shares
Name—
stix
G.
10.000
&
Co.
—
———
$4,042,983
44,370
27,170
$3,718,928
$4,070,153
1,076,725
$2,720,319
$2,993,429
827,548
827,548
♦Represents the estimated Federal income and excess profits taxes,
rafter deduction of post-war credits, if the company were required to
file a separate tax return.
(Difference in Federal income and excess
profits taxes, after deduction of post-war credits, due to the inclusion
and the contemplated inclusion of the income of the company for the
'periods involved in the consolidated tax returns of United Light and
Power Co., an affiliated holding company.—V. 160, p. 2293.
Dividends
on
preferred
stock——
——
Consolidated Edison Co. of New
"
The
tricity
company
on
(electricity
York, Inc.—Output—
May 23 announced that System, output of elec23
for the week ended
generated and purchased)
161,
p.
five
each
cents
April
on
?
1313.
output
adjusted
of
May
on
share
per
1.
10
A
on
Co
3,000
______
2,000
Cost
less returns
of
Income
Bros.
& Boyce
Statement, Years Ended
Selling,
cents
10,293.028
4,115,752
3,360,177
22,473
30,164
58,5l7
$2,496,607
etc.,
$2,208,923
$1,336,510
29,425
33,868
$2,535,118
$2,238,348
expenses
doubtful
accounts....
-•
•'
1,
July
1,
Oct.
to
of
show
ere
paid
'
11,
Ret
__
loans__
$1,370,378
12,012
14,820
1,862,336
1,622,257
898,389
$601,271
$454,318
contingencies
$610,771
dividends
75.754
2
79,906
253,653
dividends
Consolidated
17,671
1
50,000
income._—_______
Common
226,478
Sheet
Balance
at
Dec.
81,
83.182
126,826.
1944
i,
s\
,
Assets—Cash, $384,956; accounts receivable (net), $1,871,032; inven¬
tories,
-
$2,119,194; fixed assets (after reserves for amortization and
depreciation of $1,653,092), $1,013,518; intangible assets (net), $47,367;
deferred
charges and other assets, $497,531; total, $5,933,598. '
Liabilities—Merchandise
payable and accrued
stock
accounts
cumulative
preferred stock (par $100), $942,800;
$2,512,370; total, $5,933,398.
(par $1), $362,361; surplus,
Consolidated RRs. of Cuba
Net
profit
and
after
(& Subs.)—Earnings—
1945
1942
1943
1944
chgs.
taxes———.
loss
Net
after
all
n'Profit.—V.
coihparty has1 applied to ' the SEC to' buy 30,000 > shares of
preferred stock of Peoples Natural Gas Co., its subsidiary, for $3,000,000.
The money will give the Peoples company the funds with which
to acquire the gas properties of-Pennsylvania Electric Co. in Johns¬
town, Pa., to restore its cash position, to provide for improvements
and to maintain working capital.—V, 161, p. 1768.
The(
$1,492,522
$1,777 466
chgs._
$2,820
$2,088
->';V
directors
the
:■■■■■■'
r
recently
stock,
common
16.
May
$821,437
$1,410,721
v
,"v
"•♦$3,256
$2,459
161, p. 982.
Consolidated Steel Corp., Ltd.—$1
The
on
<>'
other accounts
$712,687;
161, p. 2107.
Quar. End. Mar. 31—
15, last.
and on Dec.
payable,
$1,184,129; serial notes pavable, S150.nno;
expenses,
8%
$69,250;
reserves,
—V.
'
•
bank
'
1944,
tax
&
—
for
Preferred
electric
Dec.
accts.
for income taxes
Provision
general
on
profit
profit
on
'
13,441,291
4,386,011
_____
installm't
on
Total
17 declared a regular quarterly dividend of
the capital stock, payable June 15 to holders
each
1942
$15,048,231
14,892,957
36.511
admin.,
for
31
Dec.
1943
allowances. $21,798,048 $19,796,129
and
sold—
goods
Provision
similar distribution was made on March
1943.—V. 361. p. 1422.
declared
of
special
'•
v
"T+tV " V
Special Dividend—
dividend
of $1
per
share
value, payable June 1 to holders of record
cents each were made on Jan. 2 and
par
no
Distributions
a
25
April 2. last.
;
In
Consolidated Retail Stores, Inc.—Preferred Stock Of¬
fered
An underwriting
group
headed by Central
Republic Co., Inc., on May 21 offered 30,000 shares of
$2.75 cumulative preferred stock (no par) at $50 per
share and dividend.
Of the stock offered 21,638 shares
are being initially offered by the company to holders of
its presently outstanding 8% cumulative preferred stock,
($100 par) pursuant to exchange offer.
Exchange Offer—Company is giving to the holders of its outstanding
•
during
paid quarterly
of
$1
each
Aug.
on
1944. the
and Nov.
21
Coal Co., Inc.—Calls Preferred
outstanding
value,
par
have
shares
of
$2.50
cumulative
Stock—
preferred
stock,
been
.
,
mon
stock up to 3 p.m. on June 21.
Holders
for
tion
the preferred
of
immediate
stock may present their shares at any time
whereupon
payment,
they
will receive
the full redemp¬
price, plus accrued dividends to June 21.
To
Vote
on
Consolidation
—See latter below.—V. 161, p.
Continental
Co.
Oil
Quarters End. Mar. 31—
Gross
oper.
Subs.)—Earnings—
<
1 i
1942
18,216,268-17,311,646
1,540,283
tax,
come
f
1943
1944
income—— $35,776,341 $30,419,027 $26,326,725 $26,573,109
and State
(Federal
Operating Income
Other
Pittsburgh Coal Co.
1994.
expenses——) 27,010,504 (20,518,348
in-(
;".-U*;'■+
1
etc.—_—j
[ 1,348,440
and
Cost
(&
1945
:
' '
With
$8,765,838
$8,552,239
125,503
$8,683,839
2,787,093
$6,570,174' $7,589,598
131,600
$8,391,341
—
3,001,753
income
t-;
U,671,865
368,166 *'
418.936
share plus dividends.
Purpose—A
of
the
of
cents
distributions
161, p, 1313.
called for redemption on June 21, 1945, at
$52.50 per share, plus accrued dividends of 56 V* cents per share. Pay¬
ment will be made at the Guaranty Trust Co.,
140 Broadway, New
York, N. Y.
Each share of preferred stock is convertible into two shares of com¬
$50
tender such» shares to the
company, prior to 4:00 p.m. (CWT), on the 10th day after the date
on
which the exchange offer is mailed, in exchange for' $2.75 cumula¬
tive preferred stock, on the basis of 2.30 shares of $2.75 cumulative
preferred stock, plus certain cash payments by the company, for each
share of 8% cumulative preferred stock.
Preferred stock is redeemable, at option ol company, at $53.50 per
share on or before Dec. 31, 1947; $53 per share on and after Jan.
1, 1948, up to and including Dec. 31, 1949; $52.50 per share after
Dec. 31. 1949; together in each case with all accumulated and unpaid
dividends.
Provision is made for a cumulative sinking fund commenc¬
ing
July
1,
1946,
based on percentages of aggregate involuntary
liquidating value of the total number of shares which shall ever have
been issued or the consolidated net earnings of the company and its
subsidiaries, to be used for the retirement through purchase or redemp¬
tion of the $2.75 cumulative preferred stock.
Entitled, in preference
to common, in case of voluntary dissolution or liquidation to $52.50
per share; and in case of involuntary dissolution or liquidation to
ance
special
Consolidation
All
oT 25
dividends
to
made
30, last year.—V.
cumulative preferred stock the right to
per
addition
company
—
received
998,609
-
3,000
_
Walker &
H.
savings notes
declared a quarterly dividend of six cents
stock, par $1, payable July 2 to holders of
distribution was made on April 2, this year.
kilowatt-hour
directors
cents
$50
$3,674,557
—
deductions—
Net' income
6,399,541
consolidated
income——
income
Gross
1944
1,801,935
return—_____
were
corporation
record June
8%
3,439,868
;
Balance.
tDifference
all
the
Earnings of Parent Company Only
Walscheid,—V. 159,:
1,859,954
—_____-
State, local and misc. Federal taxes—
♦Federal income and excess profits
and
with
2.000
Consolidated Natural Gas Co.—To Purchase Stock—
Pres.—
7,044,310
——-
cities,
dealings
their
Stein
Consolidated Gas Utilities Corp.—Quarterly Dividend
The
7'/2
stock of
$13,393,758 $17,678,093
revenues————-—
for
5,COO
common
has been elevated
1945
_——
1944
weekly
this
28.
1,207,345
Operation
existence
Scherck, Richter Co.__
energy of subsidiaries
business conditions of
territory served for the week ended May 17, 1945, amounted to 257,665,220 as compared with 240,425,148 for the corresponding week in
1944, an increase of 17,240,071 or 7.17%.—V. 161, p. 2217,
:.v
The
of
of
Electric Co.—Earnings—:
March 31—
in
I. M. Simon & Co
15
A similar
Commonwealth & Southern Corp.—Weekly Output—
Corp.—Chairman Dies—
Columbus & Southern Ohio
12 Months Ended
May
on
14.
Dec.; 21.—V.
and
•
board of directors, died on May
illness.
He was 74 years old.—
'...: ,,.;7
•;/,
2216.
and
5,000
Interest
the capital
on
Payments
Philip G. Gossler, Chairman of the
in New York, N. Y., alter a short
161,
relation
Peltason, Tenenbaum Co.__
Interest
2216.
P.
record June
Bridgeport,
President
/
directors
The
per
•
a lower dividend rate.
,
;
unexchanged shares of the $4.25 preferred would be redeemed
at
$101 per share plus accrued dividends.
It is expected that the
proposed exchange offer will be underwritten by a group headed by
Dillon, Read & Co., Inc.—V. 161, p. 1767.
Vice
10.
in
St. Louis, having
situated in the
respective
in
names
Shares
Central
Operating
Commonwealth Investment Co., San Francisco—Div.—
Any
Evans,
is
material
be
income.
established
Provision
President—
bearing
B.
units
42%
of such aggregate sales volume.
operated by the company lease or license to others
departments located in such stores.
The
aggregate
such
total
Sales,
7.2
+1.3
+4.2
+ 5.1 +
184,756,000
185,032,000
Colgate-Palmolive-Peet Co.—-Exchange Offer—
E H. Little; President, announces that the management is consider¬
ing refunding'the outstanding 125,000 shares of $4.25 preferred stock
through an exchange of the same amount of a new preferred stock
Richard
stores
Underwriters—The names of the underwriters, and the numbpr oi
of the $2.75 cum.
pfd. stock which each has agreed to purchase
(subject to reduction proportionately by reason of the number of shares
of stock
required to be issued in exchange for the 8% cumulative
preferred stock) are as follows:
% Change
183,759,000
Co.—Acquisition—
the
all
of
r
192,728,000
value common stock
par
1944
1945
187,126,000
Ohio, comprising 1,317
Total cost was not to exceed
approximately $123,000, the company stated.—V, 161, p. 2106;
k
of
shares
Products
Metal
Extruded
company,
four weeks
the past
5
Dividends
Cleveland Graphite Bronze
output totals of
last year:
19_—
Lindseth, formerly Executive Vice
President, has been
elected President, succeeding the late Eben C. Crawford.
Mr. Lindseth
has also been elected a director and a member of the excutive com¬
mittee.
Dean
C.
Ober
succeeds
Mr.
Lindseth
as
Executive Vice
President.—V.
in
with
12
L.
Elmer
the
kilowatt-hour
comparisons
percentage
of
group
May
$6,042,005; capital
total, $53,140,053.—
*
$5), $2,000,000;
common
stock (par $5),
surplus, $1,544,296;
earned surplus, $9,687,666;
V. 161, p. 2216.
'
{par
fur
approximately
the
of
the
to
obligations,
$2,396,906;
deferred
income,
$131,113;
$5,402,167; 6% cumulative and participating class
380,145;
coats,
and
share
for
the week
ended
May
19
corresponding period last year.
utilities,
over
Edison
May
long-term obligations, $116,157; Federal and State taxes
(after U. S. Tax Notes purchased for payment of' such
income
taxes
increase
the
are
Commonwealth
May
payable, $1,366,000; first mortgage installments
due in 1945, $434,451; accounts payable for merchandise, etc., $4,753,684; dividends payable, $257,254; accrued salaries, wages, etc., $616,018;
taxes
(other than Federal and State taxes on
income), $287,009;
on
cloth
blouses,
stores
Consolidated
the
other
of
Week Ended—
Liabilities—Notes
interest
7.2 %
a
Following
and
deposits, $9,437,810:
marektable securities, $2,302,501; accounts receivable (net), $7,131,823;
accounts and notes receivable from vendors and tenants (net), $198,876; merchandise inventories, $7,460,987; investments and other assets,
$1,688,960; land, buildings, fixtures and equipment (after reserves for
depreciation of $8,240,435), $24,049,278; improvements to leased prop¬
erties (after reserves for amortization of $279,962), $291,641; good¬
will, -$1; deferred charges, $578,176; total, $53,140,053.
Assets—Cash
kind
retail, either diwomen's, misses^ and
lingerie,
millinery, shoes,
accessories, principally in medium
women's specialty stores and leased or
hand-bags
income derived
Weekly Output—
Electricity output
excluding
sales
to
and
of—_
similar
or
selling at
subsidiaries,
suits,
ranges,
in
dealt
business
1944
"After
Delaware,
____—
—
302,110
stock
______
—___
Earnings per cap. share
$1,332,687
who
dresses,
—__
$1,513,697
100,000
wholly
coats,
number
of
number
are
4,982,072
income——
net
incorporated in
was
public.
income-—t
income
price
the
downtown
6,596.000
exp._
items—
deductions
15%
With
deprec—
oper.
Other
Gross
contingencies
surplus
than
been
unamort.
other
Ccnsol,
Balance,
of
disc.
362,361 shs.
by others.
Such leased departments consist of 14 shoe de¬
partments, 7 ready-to-wear departments, one hosiery department and
one
millinery department.
In 1944 no one unit accounted for more
355,815
Prov.
com.
owned
not
Provision for post-war
company
the
in
including
fur
company
many
v'"' '
30,000 shs
500.000 shs.
operated
Fed.
10,369
116.632
—
prior years
to pfd.
and
1,029,671
4,285,580
189,092
Cr4£7,462
tax
tax
income
State
.
$7,835,765
63,642
profit
Net
4,083,200
375,100
2,640,800
Write-down of intang.
and
Federal normal inc. tax and surtax.
4.015,900
applied
\
Reduct'n
$10,673,689
660,149
Total orofit
Other deductions
22,832.035
14,703,000
22.455,234
14,149.400
$150,000
4u,000 shs.
departments.
total
departments
the
cred.
to
savs.
as:
6,035,729
3,789,000
4,048,200
_____
profits,
through
sportswear,
accounted
5,854.565
income
excess
engaged
and
Some of
Federal
Outstanding
$600,000
par)
Business—The
is
higher
the
State, local and misc.
provision
less
($1
apparel,
The
190,365.855 183,564,838
49,257,183
1,477,410
_
operation
Maintenance
and
(& Subs.)—Earnings—
Authorized
,
-___
par)
the same office, and
quality of merchandise.
licensed
revenues —
purchased
Other
$28,564,377 $24,992,757 $22,583,007
17,923,507
16,408,498
15,751,192
670,762
616,380
608,234
profit—
Selling, admin, and general exps.
Depreciation and amortization
,
(no
26, 1926, and was organized for the purpose of consolidating
the businesses of 14 corporations owned
by several groups of individuals
who had theretofore maintained close mercantile contacts in
buying
Company
recently or
Provisions for taxes—
gross
'
,,
March
and
not always
alphabetical
alphabetical
near
1945—3 Mos.—1944
$
Operating
Gross
Total
,
notes
preferred stk.
stock
juniors'
Edison
Period End. Mar. 31—
35,847,824
40,057,899
Common
hosiery,
$72,006,126 $63,700,610 $57,163,071
_
cum.
garments
.3,460,485
_
.
2V4%
$2.75
History and
of
1943
4,198,060
Serial
President.
Vice-President
Assistant
Issue---
through
4,000
4,000
1944
4,715,706
sales owned departments
Net
age,
C.
charge
Statement, Years Ended Jan. 31
Sales of leased departments—
Cost" of sales
been
NOTE—-For
8,000
Shields & Co
Stein Bros. & Boyce
and allow. $76,721,832 $67,898,670 $60,623,556
sales, less returns
retirement
John
in
4,000
•
—-
,
1945
Gross
succeed
Vice-President
161. p. 2211.
position
Income
to
assignments from
Forbes
elected
been
planning,
.
Paine, Webber, Jackson &
Goldman,
Consolidated
has
company's
special
1940.—V.
Shares
G. Becker & Co. Inc.—
A.
C.
development
:
'
additional working capital is to enable
inventories, provide for post-war expansion
requirements resulting from an expanding
,
J New Vice President Elected—
the
and
the
capital
Capitalization, Giving Effect to Present Financing
for a 4% 15-year mortgage in the principal amount of
$425,000, maturing 1960, on the warehouse owned by it in Cambridge,
Mass.
These funds will be used to reimburse R. H. White Corp. for
advances made.
V'-^■' ■
K
commitment
Underwriters—The
of
purpose
increased
portion of the proceeds to the company from the issu¬
shares of $2.75 cumulative preferred stock will be
of the company's 8%
cumulative preferred stock
Surrendered
shares
balance in cash. Com¬
pany
estimates that the total net proceeds, after deducting under¬
writing discounts or commissions and certain other expenses of the
company in connection with the
sale of the securities, whether re¬
ceived in shares of the company's 8%
cumulative preferred stock or
in cash,
will be $1,400,000 plus accrued dividends on' the-shares of
$2.75 cumulative preferred stock sold to the underwriters from the
first day of the calendar month in which issued to the closing date.
So much as may be required of such net proceeds to be received in
'cash shall be applied to the redemption, at $115 per share plus divi¬
dends to date of redemption, of such part of the presently outstanding
shares of 8%
cumulative preferred stock as shall not have been purrendered pursuant to the exchange offer.
So far as determinable the
$1,400,000 are to be used for the following purposes;
Exchange for or redemption of 9.408 shares of 8% cum.
exchanged
preferred stock at $115 per share_
—
—:
$1,081,920
,
:
318,080
)
236,727
1,599.2*0
94,092
*
230,292
1,866.027 }
1,817,182
-
1,696.555
80.633
''872.001
13.036
17,059
29,056
deductions
Other
1.404,589 *
96,725
2,626,832
Depreciation
'$8,008,534
$6,938,340
244,286
j
Depletion
under the exchange offer and the
Additional working capital
devel. costs
leaseholds,
Intang.
the. 30,000
in
income———
Total
'
Minority
Provision
contingencies
Profit
Special
'
Net
Shares of cap.
State
$3,206,827
$3,335,475
4,738,593
4,738.593
4,682.563
SO.70
$0.71
#".V>
——
$0.74
snare
on
sale
of
r
,,
r
»
,4.682,565
$0.76
certain
)
■j
*15,614
$3,544,165
.
leaseholds.
(Includes provisldn for' esti¬
State income taxes, also Federal income taxes.
Federal and
oil and gasoline excise taxes are not included in operating
♦Profit
mated
per
$3,448,360
stk. out¬
standing
Earnings
1,263
$3,319,094 1 $3,528,55i>
♦16,381
—
v;
YXw'.l
$3,206,827
—$3,448,360
—
income
p 1
i
300,000
—
„
—
credits
Cr226
7
interest _____
for post-war
'
'
rh
t<C '
March,
During
the company acquired over 96%i of the out¬
the Navarro Oil Co, of Houston, Tex.
This
1945,
standing capital stock
of
East.
for
March, 1945, was 6,251 barrels
daily was from royalty interests. "
which
day. of
'
'• "
per
.
reflect the company's policy of • passing along
to the Government,, in an effort to\ avoid
the necessity of subsequent readjustment on account of renegotiation.
He also stated the management believes that its rate of profit makes
./further adjustment for renegotiation unlikely—V. 161 p. 1314v •
before
barrels
1,115
renegotiation
savings
.
,
Continental
Co.'s
Oil
crude
net
for the first quarter
production
oil
including the company's equity in production of controlled
companies not consolidated, was 90,059 barrels per day, compared with
C4 635 barrels daily tor the same period of 1944.
Net production for
the month of March averaged 95,3C8 barrels per day, as compared
•with 85,070 barrels daily during March, 1944.
Wells completed during
the first quarter of 1945 were 87, as compared with 106 for the same
period last year.
of
•
1945
Jersey
'
Cuba Northern Railways—Interest—
Government
and
Navarro
Oil
Sale
service
New
Bids
and
basis of
this
"
-
cn
May
marketing.
The sale price
Kennedy,
J.
Harry
by
21
in
Vice-President
>'
Net
revealed,
it
but
understood
was
to
after
income
in
—v.
„
-
1944
-
.
W-
•
«-1
.
$511,643
161, p. 983.
y*''*
■■
$76,589
■X.
$244,589
<
•
X-'I';''
has
at
been
growing economic disadvantage in this
marginal area," Mr. Kennedy said, "and is concentrating its marketing
investment
cound,
the
cf
in
supplier
Mountains."—V.
Rocky
Consumers
The
of
5#
mtge.
'will be
made
corporate
1422.
p.
called
redemption
for
June
..v'-,1 -'V'P
'?•/:
"
"-'y•''»,■ •
;
Continental Foundry & Machine Co.
port—'.-V
in
proceedings
to
ceedings
for
as
1943
1944 are
and
completed.
fiscal
result
the
$1,649,251,
was
should
when
period,
''X'-'
;
*
after
net
and
after charges
favorably
compare
with
renegotiation
taxes.—V.
that
and
160,
for
other
7
said
bonds
holders
to
York.
!„•
($4.34
of
interest
record
the
at
and
payment
close of
May/22,
on
"
.
;■
>
"
Quarter
1945
charges
and
after
Ended
The
:
1944*
.
*/•;
1943
Co.—Annual
Steel
Income
Calendar Years
for
Account
1944iV-
■-/,
Cross sales, less discounts, etc.
Cost of sales
5
Operating revenues
Operating expenses
1942
1943
Federal
—$35,396,142 $33,622,430 $29,434,495
31,886,595
24,757,250
30,352,959
Other
•
$770,648
taxes
1.
taxes
89,831
Depreciation
1945—12 Mos.—1944
$9,615,079
3.750,801
3,580,545
125,298
,1.870.191
1,317,262
80,391
1.018,478
908,926
904,718
302,245
//'
75,543
$3,509,547
Gelling,
Net
from
profit
Income
$3,269,471
$4,677,245
1,990,316
7 1,868,542
2,113^390
.$1,519,231
$1,400,929
$2,563,855
Net
214,171
192,733
117,740
Other
and admin. expenses-
gen.
operations
charges (net).:
•
$135,072
revenues
oper.
income
profits
excess
♦
"380.353
taxes————v—
+
155,899
Gross
1.301,626
$2,070,891
before
inc.
adjust,
for
Other
$135,469
$148,608
$2,081,309
to
$1,884,928
46,667
46,667
560,000
560,000
prior
$924,707
years
Net
CM24.075
income
income
for
year—_—1
$924,707
$1,052,297
dividends——————^—
91.763
99,295
107,897
411,891
411,891
Balance
411,891
DiVs.
'
Common
.7
dividends--
;
applicable to
ferred
Surplus
$100,199
$1,469,325
29.387
71,233
$129,586
$1,540,558
$1,563,642
for
contingencies———
earned
surplus
$1,323,622
/f.;
\
stock
$541,112
"""■
S
507,386 V
•'
V
'•
2,968,730
$4,258,618
$3,717,506
Davison
-
Earnings
per
§$1.85
The
June
before
recapture
of
year's
prior
taxes.
vi$2.01
adjustments.
-
'Balance
on
deposit
Assets—'•
Cash
U.
hand
on
S.
Govt,
Accounts
before
'
Sheet, Dec. Hi
prior
securities
receivable
(net)--
(after
1,
(f)
507,386
$3,062,265
2,057,817
doubt-
&
1,
*
V.
;
ful accounts)----———:——"——^•Receivable from Defense Plant Corp
4,292.018
Rio
series
5,182,219
457,930
6,386,317
(■Property
copper
and
nickel
266,562
/
27,043
i
341,283
RR.
-
A
to
all
coupon
and
be
all
less
(Regulation V Loan)-—.
taxes
Accrued
salaries,
Interest
accrued
wages
and bonuses
1,283,401
206,847
Other
accrued
'
Deposits
on
sales
First mortgage 4
Deferred
for
-
adjustments,
repairs, etc..
5#
cum.
conv.
•In
461,053
(par
$50
each)
1,925,350
for
1944
cieemed
in
from
treasury
$l,500.000 of 10-year 3t<
The
of
funds and from
proceeds from sale of
sinking fund debentures, - See V. 161, p. 1994.
shares
of
Which
is
the
cumulative
now
stock
mon
issued
($5
par),
treasury) is
now
Exchange has
preferred
and
all
stock.
outstanding;
of. which
authorized
3V2'r
the
series
and
(except
listing of
($100
2,637,108
1,600
after
and
all
of
shares
of
com¬
held
&
Rio
profits
—
profit
taxes..
Number of common shares—.———
Earnings per common share.—...
In
commenting
on
any
1944
of
$7,380,133
A.
&
in
since
that
.
proposal
to
7
& S
*
reduction
S1.97
'
"
refunding and improvement.
1978, $17.18 on each $1,000
1,
of Securities Dealers
transactions
in
of
annual
to
two
favor
of
$122,717
bond
in
in
Denver
...
&
,
May 17 ruled that
on
Rio
Western
Grande
&
has
RR.
of
298.699
RR.
upon
issuance
Oct.
26,
1944,
between
Essex RR.
■>./
pursuant
the
;■
the
shares
to
listing of
of
capital
an
Delaware
/•' .
*
The
J
■W'Sf
of
69%
or
claims
in
the
of
the
common
company's
re¬
courts
to
block
Dickey company.
right to issue the
211,950
shares
of
the
In
issuance
of
instances
class of stock.
both
new
preferred
and.
51,806
traded
over-the-counter.—("Wall Street
7V/i-/'- •7v7-7.:-i V;5*
z-
of
Jour¬
/
been
called
$207,500
Oct
for
of
1,
Bridge
Co.
San
Francisco,. Calif.—Calls
1
®omPany has called fcr redemption
ij?n*■«1,
1, 1915, at 105 and
July
on
$365,000 1st mtge. 6V2 %
serial
gold bonds
25,
Payment wiU be made at the American Trust Co.
°In 'e- 464 California St.. San Francisco, Calif.
The
fircPn0n
^Sr
redeemed at par and int., with the exception of
cfelaniount (represented by bonds numbered M702, M703,
mr^I* xllcr' MOS ^36' M739' M74°- M7?2; M796- M813, M823. M852.
«
,
and
v/c.
of
reported
through the
*!!;'/, 0f the ^standing
cer¬
shares,
lieu
the
redemption on June 1, next, for sinking
41/2%, 1st mtge. series A and 1939 series
1952, at 101 Va and int.
Payment will be made at
Royal Bank of Canada, in
Montreal, Toronto, Halifax, Saint John
Winnipeg, Calgary or Vancouver, Canada.—V.
159,: p. 2414.,
due
Bonds—
.
&
agreement
in
and
company
sought
issues
purposes,
bonds
of
*tock
Company
1934
Dominion Coal Co., Ltd.—Partial
Redemption—
fixed
Morris
Indemnity Co. has sold its controlling
to a director-management group.
The
35,890
received
in
outstanding
both
There have
Listing of
—
Stock
authorized
exceed
has
Dumbarton
Western
Capital
back
&
company
owned
nal..')—V. 159, p. 2633.
interest
annual
Accident
above
occasions
common,
fund
rental
the
Cass A preferred stock by the
i-!.-^as
that Dickey had the
1995.
p.
Exchange
not
agrees,
among
purposes
of
possibility that either
the
Morris
for
under
and
tion
To
-
and
the
Essex
future
existing
holders
444.698
$0.91
RR.
price was about $250,000.
For several years the
management group had been negotiating for the
stock but no price
agreement could be reached.
The risk
Dickey
,./•:
_r
other
things,
to
pay
lease
as
the capital stock of the Morris
and Es&x
the «par value of said stock.
taxes
6,100,831
444.698
'
attached.
Western
bonds, due April
,
A.\& S general"
shares, in accordance
new
S.
&
will be. eliminated
Essex
dated
&
for
to
RR. refunding and improvement,
due Oct. 1, 1974, $18,19 on each $1,000
Chase National Bank, New York; this
coupons
Grande
21
company
which it had
stock
I
Stock
May
Hartford
organization
Consummation of the merger will
the, entire system which it
the
the
agreement
Delaware
be
required
the
income
to
-
$1,279,302
the reduction in earnings from last year, William
1870.
Deposit for
deposit
Company
upon
$4,602,326
$803,558
;
the
$150
holders of
1768.
3,798,768
—
the
on
said
ware
Net
plus
of
Lackawanna
York
of
to
Bond Interest Payments—
on
after
interest in
011
vote
The
"V ware
in
1945
charges
excess
will
the merger, D. & H. states,
S.
presentation
upon
.
'
^d
int
—V'
151
p
^893 3 a"d D24>' which
Will be redeemed at 105
*
Subs.)—Earnings—
Quarters Ended March 31—
Income
basis,
each
also
,/
of
The principal
Profit
1
capital stock of Morris & Essex consists of
300,000 shares (par
$50), of which 1,301 shares are owned
by the Delaware Company,
f?
The properties of the Morris and
Essex are operated
by the Dela
' ware Company under a lease dated Dec.
10, 1868. as amended bv a
supplemental agreement dated June 27. 1917. which
continues for'the
corporate existence of the Morris and Essex.
In
50,000
par),
shares
issued
issued and outstanding.—V. 161, p,
Crucible Steel Co. of America (&
June
exchange for the outstanding A
t
Morris
merger
.
York' Stock
for
&
bond
applied oil account of interest thereon due April 1,
bonds of this issue shall have coupons due
April 1,
/insurance
,
in
.
New
Morris
Stocks—
New
bonds
41/2%.
<W. S.) Dickey Clay Mfg. Co.—New
Control—
substantially
..
tificates
Corning Glass Works—Listing of Prefererd and Com¬
The
route
Delaware,
*
mon
to
it is not contemplated
Essex RR.—
with construction (incl, amounts unbilled).
tAfter
depreciation of $3,540,952 and for amortization of $1,359.and $3,010,324 and $969,526,
respectively, in 1943.
$Re-
1945
and
The
Susquehanna
constituting that part of the Delaware A"
from Albany to
Binghampton, N. Y., has been operated*
Certificates
connection
In
&
'.
approved,
stockholders
of
$314,032. resulting in a
charges for D. & H.—V. 161,
"...
-^....2.--.-—-^—$20,680,616 $20,151,996
reserves
Albany
Susquehanna,
&
$1,000
fixed
4,258,618
1.927,486
'
■
1,895,850
2.574,320
4,258,618
—
stock
share-for-share
««dl/®cLresult
$43b,750 for the A,
40,000
1,741,500
S.
Hudson
4Vi%
■operates.
223,189
2,574,320
each)
&
lease by D. & H. since
in D, & H. owning
result
"
$5
surplus—..—
Total
570
(par value
287,919
—Li—
syrplus
Paid-in
;
pfd. stock
stock
Earned
20,998
under
workmen'
—^
A.
mortgage
in
stock
of
the merger terms.
Hudson
21,897
compensation,
Reserves for contingencies.,
Common
57,782
of
&
a
Albany
2,418,000
——
sales
on
mortgage
with
311,483
$2,205,000
J.
'V bonds due 1956—
credits
Reserves
45,494
325,841
—:—_
contracts
stock
422,769
45,923
—
liabilities
Plan—
up
85%
on
mortgage "A" 3% /fixed 1% prior
contingent interest bonds,
1993, and income mortgage 4'/2 s due in
2018, shall be ex the
contingent: interest for 1944
unless otherwise agreed at the time of
the contract.—V.
161, p. 2217.
merger
than
to
applied
bonds of
Ruling
a
implement the proposed merger
Delaware & Hudson RR. Corp.
Delaware
210427
771,406
——
'
27,914
be
capital
distribute the additional shares
v
35,757
—
the
upon- presentation
this payment to
Western
bonds,
The National Association
on
RR.
this right will be exercised.
$4,500,000
1,281,164
company, not consol,(other than Federal)—
Accrued
$4,500,000
of
bond
to Chase National
Bank, New York/ this payon account of interest thereon due April 1, 1944;
this issue shall have
coupons due April 1, 1935,
and all subsequent
coupons attached.
The bonds of each issue
shall be forwarded to the
paving agents
above mentioned
accompanied by the form of letter of transmittal.
v
special meeting June 7 on a proposal
from $55,940,000 to $58,731,400
by
additional shares of $100 par common
authorized
4%
presentation
presentation
upon
all; coupon
v
has been approved by holders of more than
two-thirds
of Albany &
Susquehanna stock, of which there are 27,914
publicly
held shares outstanding.
Delaware & Hudson states that
although it
'.has the right to terminate the
merger agreement,
Liabilities—
Nctes payable—Banks
the
mortgage
upon
ment to be applied
^ :
on
$500
York;
each
Grande
6%:
subsequent
Denver
bond
;
-
to
into
The
a
——$20,680,616 $20,151,996
Accounts payable
Due to subsidiary
6;
stockholders will vote at
increase
needed
32,515
240,892
—w-.—————
1654.
P.
creation
275,407
Deterred charges.Total
The
5,365,108
Patents—unamortized
161.
to
260,689
•
,
441,915
4,940,672
—
*:
account
and
20, 1941.
These, together with the
the total for the fiscal year ending
share.
Payments of $1 each were made
per
New
on
presentation
upon
(g)
20
bond
on each $1,000 bond upon presentation
of New York; this payment to be
applied on
thereon for the year 1944.
/..'V'/*;
mortgage series B 5%
•
Delaware & Hudson Co.—To Vote
1,912,665
137,810
Inventories
Duty drawback on imported
Miscellaneous assets—
Feb.
on
of
Co.
$11.97
payment
brings
$1
to
made
were
consolidated
this
1936, $23,24
interest
1949,
hue
v
::i-
declared,
1945,
amount
York;
each
on
"
Nov.
on
first
thereon for the year 1944.
Rio Grande RR.
first consolidated
Denver &
bend
consider the declaration of
the next quarterly dividend in
August, for payment at the close of
September.
In this manner future quarterly dividend
payments
if
declared, - will coincide/ with: the close of each calendar
quarter.—
1943 '
"
2,751,133
.
for
reserve
"1944
30,
like
of
and
year,
arc-provided in
7(e) Rio Grande Western Ry. first consolidated mortgage bonds, due
Corp.—25-Cent Distribution—
-
year
$2,400,352
—
just
Distributions
•»
and
on
attached.
May 18 declared a dividend of 25 cents per share
stock, no par, payable June 30 to? holders of record
,;On June 23, 1944, and on June 24,. 1943.
It is .the intention of the directors to
-
"■
v
and
this
June
;/:••/:/. vVi
/
21.
dividend
;
5.
May
i
deducting in 1944 $59,993 and in 1943 $182,802 excess profits'
taxes paid for prior Tear recoverable because of unused excess profits
tax credit for 1944 and 1943. ' (Includes $?87,734 for Federal excess
profits tax after debt retirement credit of $87,526.
§$1.50 per share
which
each $1,000
on
New
■
on
the /;capital
; on
Jj$2.25
•>.
♦After
pay
the
RR.
$22.53
Co.,
$11.27
Trust
1935,
Chemical
directors
for
Grande
1936,
*
at end of year.—
$4,258,618
common share—— '
§$162
Earned surplus
to
York; this payment to be applied
year
1944, and 011 account of
New
thereon
Rio
1936,
due Jan.
mortgage
/'
$748,776
3,7177506
provisions of
Guaranty Trust Co., New York; this payment to be applied on account,
of interest thereon due
April 1, 1944; all coupon bonds of this issue
must have coupons due
April 1, 1935, and all subsequent coupons
240,020
$126,505
pre¬
the
Ry.
Trust Co.,
Trust
1944:
$421,053
Dr421,053
4,258,618
—
Heserved
Previous
:
1,306
■;
44,122
_7/—'
with
will be prepared
United States Trust Co.
April
$1,268,564
'
Preferred
51,984 ,:/:
$82,383
Transfer from surp, res.
Net
1,742
;
$1,144,489
$1,052,297
Net adjustment of prior years—
accordance
of interest
account of
.
6,419
.
bonds,
1,
Denver
bonds,
8,291
7-7-1-7
income
\
first trust mortgage bonds, due July
$1,000 bond upon presentation to Central
each
on
&
States
account
$1,876,637
10,418
;
Western
interest
States
Jan.
due
4
865
44,681
'
.
■
682,521
on mtge. bonds
int. rand deduct.
Interest
Net
for
United
(d)
$147,743
.
397
with
payment to be applied on
account of interest thereon for the year 1944.
(c) Denver & Rio Grande RR. first consolidated mortgage 4%
Prov. for Fed. and State income and
.
full
United
':
$54,55
1939,
to
reserve
appropriations
contrasted
year
interest installments
of .the
account
bonds, due Jan. 1,
■
Prop, retirement
in
that
March 9,. 1945, they
Grande
; (bf Denver
;
$8,668,136
292,989
/••
nearly
interest thereon for the year 1942.
75,561
163,146
not
are
been
announce
Hanover Bank and
in
$721,982
:
307,056
____
trustees
(a) Rio
.
1945—Month—-1944
nine
the court order:
Light Co.—Earnings—
Period End. April 30-
past
•
.
Report—
planes
have
or 75,516 passengers this
first four months of last year. 1
full pr on
J
$571,919
<
.
Copperweld
the
in
May 21, to the holders of the following bonds outstanding in the
hands of the public or pledgpd the sum of $2,398,679, being
payment in
1942;
'
*
$1,157,058 '$1;336,59T
.
Dallas Power &
doubled
after
-
$983,699
been
has
the
of
court order dated
31
March
chgs.
taxes——™—
—V. 161, p. 983.
;
.
1
829.
p.
per
Denver & Rio Grande Western RR.—Payment of Int.
'
.
.
income
Net
cents
,
7
•
50
the : first :third of this /year , totalled
28.558,587, .an
increase
of
66"%' beyond
last
year's January-Aoril
figure of 17,223,769. ' Mail pound-miles increased 42%, mounting to
873,803,085
for the first
third of
this.'\year,
as
contrasted
with
613,ol9,ul0 in the /"same period last year. ,/Express pound-miles iqcreased 43%
being 160,171,336 this year against 112,529,143 for the
first third of last year.—V. 161, p. 765.
^
for
two
schedules
lor the
principal
$14.99
business
/•;/■•
Earnings
the
of
■'>; - Revenue: passenger-miles: lor
i.''/at;
New
■
stockholders declares that renegotiation
in progress and that it is considered inad¬
to submit
the yearly report until the pro¬
It adds that if settled on the same basis
for
1943
Postpones Re¬
—
for
size
•1,. period of 1944,
June,
on
-V+Bids and offers in the deposit receipts are made on the basis of a
percentage of the original principal amount of bonds deposited ($1,000).
Interest is payable on the bonds at office of National City Bank,
!>/■/
1
will be made,
of the June 1,
payments
11945.
to
prepare
are
■'
receipt
"payment),
1199.
p.
""; V'"
'
letter
a
161,
for deposit,
prqeedure
dividend
months, and
yet converted for passenger use
doubled since this tiiqe last year'
reported Mr. Woolman.
Revenue passengers for January through April
of- 1945 increased by 69%
beyond the number carried In the same
-\;
Exchange has received notice that, in ac¬
provision of the Constitution of Cuba and
Stock
transitory
a
annual
an
common
par
A
Delta's.^fleet
flight
,
1956, at par and int.
Payment
Illinois National Bank & Trust Co.,
Continental
111.—V.
Company
$175,020
bonds due June 30,
the
at
.,yv-
visable
next,
1,
with
"
1945,- of
$o per $1,000 bonds on surrender
1945; coupon from
Cuba RR. first lien and refunding mortgage gold bonds,.series A, 7'/2%,
extended to 1946, and first lien^and refunding mortgage gold bonds,
series
B, 6%,
extended to
1946, and of $19.33 per '$1,000 deposit
Redemption—
on
trustee, 231 So. LaSalle St., Chicago,
r'.'.
the
York
New
cordance
,
Illinois—Partial
of
Co.
has
company
1st
161,
The
,
where it is a fully Integrated operator and a
All of Continental's nine refineries lie east
territory
original
Cuba Railroad—Interest—
a
$3
25.
May
though
.
-
"Continental
on
2107.
p.
,
•=
-
-1
$622.4.95
of $1,500,000.
excess
' 1942
1943
annum
.
chgs.
1—
taxes..
1
be
1945
.
stock, payable June 11 to holders of
like amount was disbursed on- June 10 in preceding years on the old common stock, the . par value of which was
changed on Dec. 18," ."1944, from ho par to, $3 per share.
On Jan. 135 of the current'year, *a SOfr stock distribution was
made
c. E. Woolman, Vice-President and General Manager, said'that the
dividend just declared,, the seventh annual one for the
company,
would be paid out of current earnings./:
I V ;;
6.v
the
on
record
($1,000).
,
4*
-
(La.), Atlanta,.Ga.—50-Cent Dividend
declared
have
directors
share
-
'/
and
not
percentage of the original principal amount
a
-
Delta Air Corp.
The.
May 22,
on
—
said $50
1945.*4-.••' "/ i
^
bonds and deposit receipts are made on the
the
in
„
charge
.....
was
Offers
business
—
preceding the date of the merger, at the rate of 4% per
principal amount of collateral trust bonds.—V. 161,
.
is payable on the bonds at office of National City Bank,
York", N. Y.
.1,,
' \
■
Earnings for Quarter Ended. March .81f
*•. ; \
-
New
company
nounced
the close of
at
-
.
received
has
Exchange
Interest
,'J.
t
Stock
York
holders of record
Co.
Completed-—
by
western
©f
securities,
of 65 bulk marketing plants and 54 retail
stations
in
Arizona, eastern Washington and northern and
Idaho to the General Petroleum Corp., Los Angeles, was an¬
Sale
4 City, as trustee.
z
*
/<b) An amount in cash, subject to possible adjustment as provided
in the agreement,
equal to interest from the date as of which the
bonds will be dated to the May 1 or Nov. 1, as the case may
be, next
/
.
notice that, , in ac¬
cordance with a transitory provision of the Constitution of .Cuba and
the procedure for deposit,
payments will be made on June 1, 1945,
of $4.55 per $1,000 first mortgage gold bonds, 5V2'/o
series of 1942,
due
1942,
upon
presentation of bonds for stamping of the rider*
attached thereto;
and of $19.33 per $1,000 deposit receipt for said
bonds
($4.34
interest
payment and $14.99 principal4 parent), to
The
including tax notes, amounted to
$19,033,660 on March 31, 1945, which compares with 817,358.976 on
March
31,
1944.
During
March,
1945,
the
company
borrowed
$15,000,000 from banks on short-term loans to acquire stock of the
Cash
to
,
manufacturing
in
Delaware
the
issuance
the
.
that pxoiits
Regarding the large ordnance business Mr. Snyder said
has 314 producing wells on 66 leases located principally in
Texas and along the Gulf Coast,
Navarro Oil Co.'s production
company
provides for the merger of the Morris and Essex
Company and, upon effectuation of such
merger
stockholders of the Morris and Essex in
substitution
for each share of capital stock of
said company of collateral
trust
bonds secured by certain securities and by a junior general mortgage
1 and the payment to such stockholders of cash as follows:
(a) $50 of such new collateral
trust bonds to be known as the
Delaware company's Morris and Essex Division collateral trust
bonds
and to be issued by the Delware Company following the merger
under
the provisions of a Collateral Trust Indenture to be entered into
between the Delaware Company, and - First National Bank of
•; into
plan
the
Briefly,
of business was
costs have been and are steadily rising.
He added thanone of the price adjustments earlier this year by the Office of
Price
Administration had afforded relief in any of the company s Products
satisfactory
•
;
Chairman, stated that while the volume
P. Snyder Jr.,
included
charges and the amounts collected In respect thereto are not
gross operating income,
v
In
.-../Monday, May 28,-1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
and
at
on
decisions,
the
same
Company's fixed
for
the
this
will
action at
time
such
to
end
the
of
pay
the
or
Federal
are
to
the
the
was
Essex
to
the
income
arisina
on
plant
u
at Clinton,
year
to
Iowa.
complete,
for transparent packaging
will continue to absorb a
defeat of Japan.—V. 161,
posi¬
entered
June
n
the War Production
.«• W a
aft^r6an increased demand
mllnr
demands- however,
pi 2217
° cellophane ouc')ut un«l the
f
:
stock¬
accomplish a reduction of the
Dela¬
thus strengthen its financial
stockholders
meeting, to be held
expand its cellophane
e'iminate
corporate
and
;
applied to
tXI,Cctcd
stockholders
payments
Inc.—Seeks Right
.u7;/./---' /r"-':;-
f°m'3a!ly h,as announced it has
annum
»
,
to
Expand Plant—■
the
H
agreement
L) Jd"1Pont de Nemours & Co.,
.
to
Dela-
to
mho
plant
Morris
rental
per
charges and
future.
be submitted
a
from
and
Company
the
rental
'
ir.to
of
21,
and
the
1945.
the
Morris
plan prepared
and
Essex
for
®tircz Plastics
&
enSJirf £?!
Robert
engineering.
been
elected
E.
Chemicals, Inc.—New
Vice-Pres.—-
been elected Vice-President
and
Dodd
Vice-Presidents.—V.
Alfred
161,
p
\V
566.
Hammer
in
Ir
charge
al^o
of
have
Number 4389
161
Volume
Massachusetts Street Railway—Earnings—
Eastern
1945—Month—1944
per.od End. April 30—
oper.. revenues ' $1,152,122
oper. expenses
•
719,778
Railway
Railway
THE COMMERCIAL
Taxes
.
232,077
——
El Paso Electric Co.
1945—4 Mos.—1944
$1,169,925
733,728
270,079
$4,778,236
Period End. Jan. 31—
$4,578,183
2,933,852
1,008,396
3,202,9:3
946,316
Operating
2^^.
$200,267
profit
_.l— 22-2 ' ::V%
income
Other
•
\ $166,118;;
$629,007
,
14,367
/A.V. 4,135
4,328
$635,935
Federal
14,913*
'
J772.530
31,160
*'
32,496
.
287.336
1839,563
373,119
370,306
v"
98,881
Other taxes
189,747
289.193
88,803
24.285
taxes-
177,850
4,057
24,070
11,935
income
1,291,888
1.280,247
106,826
115,249
——J '".••
$3,725,532
$3,874,681
$204,595
corporate, inc..
Gross
V
and
Int." on funded debt
other
deduet.ons
$170,253
$643,374
27,596
100.208
b8,152
262.375
$74,505
$280,791
Other
■■
24,930
T v
65,365
Deprecation
itfet* operating
$650;848'
.
income—net XsJi
;i.
*
.
1;243 1",
DJ-4,131
Liabilities—Accounts payable for securities purchased—not received,
$2L108; accounts payable, accrued expenses and taxes, $55,783; accrued
interest
$75,141
—
$933,555
,
y
"
4
21,333
255,033
260,155
$51,407
$678,522
$555,149
Preferred dividend requirements^-.^—67,501
-
.'VV.
.
67,501
Balance
•
18,536
Quarter
Account,
March
Ended
31
(Company
Only)
■
$113,678
66,805
58.523
operation
2,073
13,661
12,178
—---i—.
El
1,836
13.904
11,502
/
Maintenance
Depreciation
excess profits taxes of $643,763 for the 12 months ending Jan. 31.
1945
(1944—$562,862) .after deducting estimated post-war credit of $71,530
(1944—$62,540.1.—V. 161, p. 309.
TW-v
J."...
1944
$123,388
earnings
Paso
Natural Gas
Period End.
Operating
$28,427
$28,156
$23,667
earnings
Net
$23,723
income
Net
(Iincluding
Accounts
Income
Subs.),
Quarter
Ended March
1944-
1945
other
(inch
revenues
Gross
Other
6,276
Gross
43,529
42,851
33.281
Ambrtiz,
17,700
10,500
$88,570
and
State
taxes,
$83,082
Federal
on
on
preferred
bf
debt
„
discount
debt
dividend
and
93
-
"...
3,562
$384,009
—V.
and
37
discount
and
3,003
3,061
etc.—
expense,
stk.
stockholders
vote
will
June
28
Acquisition—
Fed.
a proposal for
the outstanding stock of
Approval of the directors
approving
on
May 17,
Ebasco
of
$233,319
$2,276,605
8,632
8,632
103,579
$224,687
$2,173,026
$2,131,147
Light Co.—
181.695
Light Corp.-
&
Power
Amount
1944
407,256
403,247
5,607,519
73,915
45,495
835,638
281,842
1,023.575
14,927,330
424,801
404.103
5,733,319
12,598.913
4,784,063
$1,053,030
$838,699
$13,682,648
$11,308,800
Drl5,698
BrlO,101
15,143
137,823
$1,037,334
$828,598
331,213
312.513
4,417,209
3,858,115
$706,121
$516,085
$9,280,582
$7,586,503
i._:
net..,
Balance
Interest
Net
90,691
88,757
95,064
95,318
1,934
254
fiiures do not include the System inputs of
above
both periods.—V.
appearing in
161,
p.
88,430
1,223,858
$604,515
$10,504,440
$7,930,191
2,252,009
2,144,610
1,252,431
$5,785,580
11,510
12,609
$8,240,921
$5,772,971
Balance
any
com¬
Amount
applicable
Balance
Planned—Pur¬
applicable to Engs,
P. S.
Earnings from subs, cos., inch
Co.—
deduct, above:
as
___
49,999
35.999
declared
dividends
Interest
expansion of its peacetime
activities at its submarine plant at Groton, Conn., and at its Bayonne
an
interests-.
minority
to
70,440
69.440
-
.
196,808
other, Sources,,—
from
31,212
J.
Earnings
$8,377,572
$6,090,218
500,128
468,213
$7,877,444
$5,622,005
...
"
plants, Lawrence Y. Spear, President, told stockholders at the annual
meeting held on May 16.
Meanwhile, since January 1,-the company
has
received
new
orders
for
war
production amounting to about
On
$5,COO,GC'0.
Mr.
Dec.
1944
31,
declared
Spear
output
there
the
would
backlog- was $61,500,000.
let-up in the company's war
other contract termi¬
no
cleared up to the last ( detail and no
further terminations were"anticipated at this time, regardless of the
date
of Japan's final
defeat;
War production, based upon Navy
schedules, should continue well into 1946, he said.
"It is logical to expect • a continuing post-war development In cer¬
tain products now being made for the Navy, to anticipate that the
company will receive its share of post-war maintenance and
repair
work in its specialized Navy fields, and that it will add to peacetime
lings,"
he
said.
"Expansion at Groton, possibly into established
manufacturing fields, is being aggressively studied.
Surveys already
indicate that there should be a' considerable peace-time demand for
small
watercraft of standardized "Elco"
types which would give our
Bayonne division substantial post-war business as well.
"Since Jan. 1, 1945, the company has purchased a total of 22,500
shares of its capital stock, making an amount now held in the treasury
of 1C4.275 shares, with
695,725 shares outstanding in the hands of
the public..
These purchases have, of course, increased the net book
and net quick value per share of the stock above that indicated on
of
the balance
sheet
the end of
at
Balance
In
>
made
25
—V.
the
cents
161,
p.
company
on
makng
each,
1996.
"V
Elk Horn Coal Corp.—Partial
There
have
trust
been
4%
called
sinking
2,141,641
bonds
surplus
stock
$3,00
life
and
facilities under the Internal
expected to be employed through-'
replace existing facilities.—V. 161,
of emergency
facilities
are
to
not
Judge John C. Knox on May 21 referred to the SEC the
plan of reorganization, together with objections to the plan
amended
filed
Co.,
by
court
s
June
because
The
of
$2,377,000
increased
debtor was not insolvent.
owners
and
will
six
receive 60of
of "the
shares
of
new
capital
($50
in
pari,
July.
which, it
Concurrently
stock
of their holdings
for each $100 of
debentures
mortgage of $16,781,874
the
of
S.~V.
U.
161,
p.
.
held by
1878.
the Equitable Life Assurance
(The) Equitable Life Assurance
^ States—New Director—
A.
Society of the United
■/"
of The First National
York,, has been elected a director.—V. 160, p, 624.
Wellden,
of
Chairman
the Board
Equity Corp.—Quarterly Report— "
be made at
Calvert andj
i
$10,096.67
amount- of
as
March
of
31,
1945,
were
after deducting preference in liquidation
\
stock
ad accrued dividends, $1.94 per share common
Dividend
30-Cent
and,
•v'\
issue
%%':••■%
1.
on
Common
Increased
on
May 15 declared the regular quarterly dividends
per share on the common stock arid 25 cents per share
preferred stock, tiro former payable July 16 to holders of
record July 5,
and the latter payable July. 2 to holders of record
June 20.
The current dividend on thm common stock to be outstanding
after the stock split-up will be equivalent to 60 cents per share on
the common stock formerly outstanding.
The old common stock also,
had been receiving dividends at the rate of 30 cents per share each
quarter.
The management also announced that extra dividends'may
be declared from time to time as earnings and business conditions
The
of
30
directors
cents
the
on.
warrant,
.
of
Extras
each
5%
in
.
stock
were
paid
on
Jan.
15
and
Aoril
16,
while in 1944 the following extras were disbursed: Jan. 15,
25 cent? in cash; April 15, 15 cents in cash; July 15, 2%
in stock;
and Oct. 15, 5 % in stock.
this
year,
So Far This Year—
•
Strauss, II, president, announced at the annrial meeting
the stockholders that not sales in the first 2Fa months of the current
Martin L.
fiscal
which
year,
March 1, 1945,
last year.
began
were
approximately
65%
in .excess of the similar period
Using
the
Income
Statement
for
Quarter
of $50 per share
stock.
Ended
3Iarch
ink
1944
as
pen-point, soon will be available to
an "announcement
made on May 23.
its. writing contact,
for
released
sale
general
the Armed Forces,
The
soon
as
as
revolutionary
production
nrd a new
which rolls
wet
with
a
according to
pen
will
problems
will
new
permit.
Martin. President of the Etcrpen Co,, of Buenos Aires an¬
the completion of an agreement with Martin L. Straus II,
nounced
of
President
and J. C. Musser, President of
Inc.,
Eversharp,
Eberhard
Eberhard Faber receive exclusive
pen In the United States and
for exclusive distribution in the United States, Alaska and Hawaii.
.
Eberhard Faber and Eversharp own
the patents on the new pen
in Mexico,
Cuba, Centrai America and the Philippines^ and will be
Faber
whereby Eversharp and
Corp..
manufacture
for
licenses
of
manufacturers and
exclusive
the
new
"distributors in these areas.
further added:
announcement
the principle of capillary attraction.
ease than
the smoothest lead pencil; writes
submerged in water or, in an airplane at the ceiling
of'stratospheric air travel without leaking; writes on glossy paper,
soft paper, blotting paper or cloth without spreading.
The ink, being
rolled onto the paper or other material, dries as soon as it contacts
The writing surface,:
"Its
miniature ball-bearing writing contact will write in hairline
or
in
bold and heavy strokes.
The pen cannot leak or drip.
Ink
"The
-%
new
with
writes
cloth
on
cannot
six
greater
shaken out
new
ink
months'
of
ball-bearing
women's
for
on
paper
or
be
■'The
model
operates
pen
it.,
pen
handbags,
will be made in a special smaller
leak-proof, without clip, containing a
also
supply.
cartridge of the pen will be made in several sizes, the
which contains at least a year's supply, enough for 257
writing hours, and can be replaced with another cartridge
in 20 seconds without staining
the fingers.
Refill cartridges; in all
sizes will be as readily
available as safety razor blades.
Ink color
can be varied at will merely by changing cartridges:
Cartridge'refills,
which will be sold separately everywhere,
will come in washable or
ink
of
continuous
and in all colors,"—V. .161, p. 2218.
31
1945
ball-bearing
miniature
a
viscous .ink, a new miracle writing instrument
onto
the surface dry, instead of inscribing it
process
permanent ink
Issue New Preferred
new
Shares—
largest
equivalent to approximately
per
$1,000 debenture and, after deducting the principal
the debentures,
$106.89 per. share convertible preferred
assets
Net
a
Approximately- $400,000 of the proceeds, it was announced, may be
regarded as reimbursement to the treasury for. expenditures made
during the past year for improvement of plant, rearrangement of
facilities and acquisition of additional machinery and equipment.
In
addition, it is expected that the company will spend, during the
current
year,
about $500,000 for similar purposes, for which the
treasury will be reimbursed from the proceeds.
.
.
"The
June 1, next, 145 col¬
Dec. 1, 1956 (aggregating
on
offered
25
May
on
priced at 103 and accrued interest from May
The
face amount
amount to $4,754,000.
,
..
As under the previous proposal, the new plan makes no provision
for the 862.098 shares of common stock and.(Provides for continuance
Society
Offered—Lehman Bro¬
Inc.—Debentures
$3,000,000 4*/2% cumulative convertible income de¬
bentures, due on May 1, 1965.
The debentures were
570,480,
475.400 shares to
from
bonds
new
forth that the
objections set
new, plan,
which supersedes one filed in M#rch, the
35-year 5'*> convertible bonds has been increased from
to $2,852,400
and
the
proposed isSue of capital stock
the
Under
share.
Eureka intends to
heuded
associates
and
Henry
committee, headed by Charles A. Dana, filed
ground that the'plan was unfair to the common
"it is based on the erroneous proposition that
is insolvent and does not provide for the common stock*
debtor
holders."
Oil-O-Matic
Williams
of
15.
the
on
stockholders
amount
,
on
report its findings
stockholders
The
objections
;
both
is expected will be offered
with the issuance of these
shares the company will call for redemption its outstanding 5Va%
cumulative
convertible
preferred stock,
so
that the new 5If issue
will be the
only preferred stock of the company outstanding.
If any
of the present 5 Vn
%
preferred stcok is not converted into common
stock,
the
shares
of
common
stock
presently
reserved for such
conversion: are also to be sold to the underwriter.
It is expected;
therefore, that the entire net proceeds of the new preferred issue
will
be
added
to
the
company's working capital.
The comoany's
common
stockholders
of
record
on
June
15,
1945
are
to act on
authorizing the new 5% cumulative preferred stock.—Y. 161, p. 1996.
stock
underwriters,
thers
be
i
after examining the proposed plan, will
SEC,
the
to
cents
Company has entered
into
an
underwriting agreement
with F.
Eberstadt & Co., New York, covering 40,000 shares of 5% cumulative
early
the Empire Trust
stockholders and by
a
group of common
indenture trustee.
the
£
Elliott Co. of Jeannette, Pa.—To
publicly
to
'
The
of
and
company
To Manufacture New Pen—
Redemptiondue
this
of
by Hornblower & Weeks and Kebbon,
McCormiCk & Co., a block of Eureka stock, and. in this connection,
Eureka stockholders are to net on a proposal to remove preemptive
rights to subscribe additional stock and to increase the authorized
stock by 100,000 shares.—V. 161, p. 2218.
y y
$3,365,921
$1.76
Equitable Office Building Corp.—Plan Referred to SEC
Federal
!
Samuel
$85,000 principal amount) at 101 and int.
Payment will
the Mercantile "Lrust Co, of Baltimore, trustee, Baltimore,
Redwood Sts., Baltimore, Md.—V. 160, p. 2542.
preferred
2,256.084
$5,735,804
and
share paid each quartgr dur¬
redemption
for
fund
which
normal
Bank of New
lateral
stockholders
Heating Corp. on May 28 will act upon a proposed merger of Williams
OilrO-Matic into Eureka on the basis of one-half share of Eureka
lor each share of Williams Oil-O-Matio.
Eureka stockholders at their meeting also will act on a proposal
to purchase 245,000 shares (about 57%) of Williams Oil-O-Matic stock
from Walter W. Williams for $1,386,700 and any shares which other
.
'
.
stock
debentures. / Outstanding
June 10 and Dec. 9, 1944, disbursed specials
a
total of $1.50 per share for the year.
after
Vacuum Cleaner Co.—Votes on Merger-
Eureka
Tim
2107.^
p.
last.
10,
their
out
.
dividend of 25 cents per share
a
addition t» dividends of 25 cents per
ing 1944,
of
March
on
Co.
S.
P.
..
company.
share., of: common
Code,
Debenture
declared
common
on
appropriations, etc., equal to 59 cents n share on the
ccmmon stock.
This compares with $2,557,871, or 77 cent? a share, in
corresponding period of 1944.—V. 161, p. 2218.
of
the
and a special dividend of a like amount on the capital stock,
payable June 9 to holders of record May 28.
A distribution of 25
was
of Engs.
of
"Results from amortization
Revenue
war."
17
May
on
stock
share
per
the four months ended April 30, 1945, a
taxes, fixed and contingent' charges,
reports for
$2,123,206
Sales Increased 65%
for
Earnings per
in
directors
to stocks
pfd.
on
Balance
•
Special Distribution of 25 Cents—
The
apple.
Dividends
1944.
"This
company
has
versatile plant
equipment and a personnel
highly experienced in manufacturing many different types of ma¬
chinery, watercraft and electric products, and in the application of
plywood and plastic materials.
The company's charter powers have
been broadened and surveys now being conducted point to a broaden¬
ing of activities after the
Expenses, taxes and intcrest„^„---,._T_^„„^^—.
company's
be
cents
sinking fund
Submarine and
Japan surrenders.
last July had been
until
nations
Total
-
50
343,683
$848,783
requirements-
Preferred
actively considering
in¬
'
div,
was
'
■.
of
Declares
Pfd.
chasing Its Capital Stock—
is
$13,697,791 $11,444,623
142,662
Balance
2218.
Electric Boat Co.—Post-War Expansion
Fed.
in
taxes
come
r-i
company
income
"Reduction
11.4
2.2
0.3
163.109
,
_
amortization
&
;'
• y.
,
company
income
of
dividend
a
payable June 15 to holders of record
disbursed on June 15 and Dec. 15, last
stock,
amount
Eversharp,
(ex'cl.
revenues-_
income,
like
A
•
declared
common
par
5,116,173
1.116,924
oper.
.
The
net
Pet.
18,586
year.
have
directors
31.
sell
$5,061,070 $73,808,420 $60,709,863
22,670,933
28,094,465
2,001,273
344.679
4,927,501
3,951,139
343,277'
Pay Dividend of 50 Cents—
no
Stockholders may wish to sell to Eureka at $5.16 a
In order to finance such purchase, if approved,
1945—12 Mos.—1944
1945—Month—1944
$5,483,987
2,064,784
A.._
taxes
Net
1945
National Power & Light Co
The
230,134
plant acqui¬
adjustments-__
Other
1945
Operating Subsidiaries of—
American Power &
panies not
242,616
$228,586
reductions)
Services
To
The
the.
10,815
common..
income taxes
interest
accrued
of
sition
immediate payment of the full redemption price, plus
to July 1, 1945, upon presentation and surrender of
receive
may
said bonds.
1,105,442
$237,218
Operation
—Increase—
The
25,926
1,150,053
21,777
Period End; Mar. 31—
the System inputs of client oper¬
Inc., which are subsidiaries of
American
Power &
Light Co..
Electric
Power & Light Corp, and
National
Power & Light
Cot as compared with the corresponding
week during 1944 were as follows
(in thousands of kilowatt-hours);
week ended
companies
Electric
510
96,424
1874.
p.
of 4% Bonds—
company
9,071
11,599
975
Services Inc.—Weekly Input—
Ebasco
the
733
1,068
105,331
_
$2,234,726
103,579
for
161,
Other
For
375,566
requires.~
div.
Depreciation
acquisition by this company of all of
Industrial Steels, Inc., of Cambridge,. Mass.
was given on May 18.—V. 160, p. 2182.
$3,937,710
367,522
$4,082,366
23,436
Maintenance
the
Federal
to
has called for redemption on July 1, next, all of the
outstanding $87,185,650 first consolidated mortgage 4bonds, series B,
due Jan. 1, 1995, at 105 and interest.
Payment will be made at. The
First National Bank, trustee, 2 Wall St., New York, N. Y,
Holders
May
Engineers Public Service Co. (& Subs.)—Earnings—
$11,919
$17,353
_
Eastern Stainless Steel Corp.—Proposed
ating
$382,193
.._„V
income
Amort,
The
63,965
deductions
-V.
2079.
p.
$3,893,746
2,149
expense—
sort ax_
20,625
39
income
159,
$4,080,217
Dj-7,214
30,518
Operating revenues 3--Net
$389,412
Dr8,838
$375,110
inc.
Pfd.
$35,641
debt—
unfunded
debt
by
capital stock, $657,836;
Erie RR.—To Retire $87,185,650
60,763
dis¬
and
Net
3,454
$41,020
i__a_
—
on
179,878
17,930
20,625
Balance
of
14,089
^ j j.__
.debt
Norm a 1
94"
17,930
etc.
exp.,
requirements-—
Pgyenfc company deductions:
interest on funded debt—,
Interest
361.092
,
of
Balance
Amort,
369,929
25,963
25,963
debt-——.
unfunded
Amortization
31,946
Excess profits tax..-..
funded
Interest
Interest-
for Federal income
American. British &
reserve
issued
307,0.92
1,214
Miscell
deductions:
Subsidiary
$628,000 applicable
$653,701;
The
1,210,280
costs
income
count
1
i
income
Gross
299,118
1,563,152
__
In teres t
33,496
General Taxes
Income
20.649
126,058
145,533
5,975
$7,878,024
2,045.051
1,459,299
1*2,628
A•
income
162,093
Maintenance
(including
ties),
Fed¬
devel.
&
B a lance
$322,522
$351,362
income)._'_________
154,177
30,839
than
income
Explora.
81
1945—12 Mos.—1944
$7,951,594
17,070
other
eral
Subs.)—Earnings
(&
$736,332
127,381
■
Deprec., depl., etc.—,..
$4,434
$4,760
-
:
_
(Del.)
$703,141.
Maintenance
Taxes,
»
Co.
1945—Month—1944
February—
revenues
Operation
Deductions
debentures
shown
1945
Gross
$56,605
,v*.
■•'Excludes operations of properties sold Dec. 31, 1943.
fThe amounts
above for Federal income-taxes include provision for estimated
Eastern Minnesota Power Corp.—Earningsincome
gold
income taxes on unrealized
and general market securi¬
surplus, $8,459,257; unrealized
appreciation of investment in General Reinsurance Corp., $2,149,027;
unrealized
appreciation
(net)
of general
market securities owned,
$613,544; provision for Federal income taxes, D>$628,000; excess of
amount
at
which investment in American
General Corp, is carried
over book cost, $7,851,351; total, $22,033,107.—V. 161, p. 1878.
$815,304
$269,sie
•
1996.
161;' p.
__V.
$114,300
2
■
5'v
appreciation of General Reinsurance Corp.
,-A.'
Balance
270.410
.v
income
Net
debentures outstanding, $17,500;
on
$82,000;
DrlO,319
30,743
$72,740
,
net
Continental Corp. due Feb. 1, 1953, $2,100,000; reserve for contingencies
110,622
„
at
company,
$825,623
$902,811
$76,871
$73,898
revs.—_
interest
quotations,
taxes,
•'
and
accrued, $12,783; general market securities, at
$2,657,949; investments in securities of subsidiary
underlying asset amounts (American General Corp.),
$13,706,046; investment in security of associated company (General
Reinsurance Corp.), $4,085,982; total, $22,033,107.
market
1945—12 Mos.—1944*
$331,793
2331
receivable
-Earnings-
$356,745
;
Maintenance
Depreciation*
Gross
(Texas)-
1945—Month- -1944
revenues
Operation
& FINANCIAL CHRONICLE
1943
Expreso Aerco
$75,337
$80,735
$88,840
Management expenses———
14,905
14,902
11,945
Corporate expenses
20,099
9,659
9,158
transfer
3,527
2,438
2,028
offering, see V.
27,552
34,037
: ——$9,253
$19,698
effect to results of security transactions.
$26,357
Inter-Americano, S. A.—Co. Tr. Agent
39,351
Income
State
franchise
Interest
—
and
•—-—_
sundry
-
- -
taxes__
i-—
The
Bank of New York has been
shares of common stock
161, p. 2107.
City
National
lor
agent
700,000
Co.—Partial Redemption—
JJH.OOO of
sinking fund gold
as extended, at par and ml
Payment wllS
Trust Co., trustee, Philadelphia, Pa, V. 161,
Fail-mount Park Transit
/
"Net income
"Without giving
Balance
Assets—Cash
for
securities
in
banks
sold—not
Sheet.
March
31, 1915
hand. $1,524,189; account receivable
delivered, $46,159; accounts and dividends
and
There-have
Fairmount
Park
bonds
July
be
due
made
on
p.
1771.
at
called for redemption on July
Transportation Co. 1st mtge. 5V
been
the
1,
1957,
Girard
appointed |as coof $1 par. For
#>•
of
proved—
Plans
Mr. Wilson on May 19.
The
war conditions permit, will be used
Oldsmobiles and Pontiacs, Tt will be
erected on a 1'25-acre site which has just been acquired by Genera
Motors Corp. and it will be largely of one-story construction and will
have approximately 1,000,000 square feet of floor space.
Plans
previously have been announced for Fisher Body Divisio
plants at Columbus and Hamilton, Ohio, and for a New Departure
ton
approved a proposed consent decree
extending an option to the Puerto Rican Land Authority to purchase
the agricultural properties of the company.
A total of 199,352 shares
were
voted in favor of the resolution with 1,645 shares dissenting.
There are 323,890 common shares outstanding.
The
action
was
taken pursuant to Puerto Rico's new Land Law
which
declares unlawful
corporate land holdings of more than 500
acres and which is still being contested by some companies. ,,
,,
John
Bass,
President, declared he did not know when the Land
Authority might exercise its option to buy the Fajardo lands.
How¬
ever, about two weeks ago, Rexford G. Tugwell, Governor of Puerto
Rico, signed a bijl passed by the Puerto Rican Legislature granting
$21,000,000 of Insular Treasury funds to the Land Authority for land
stockholders
The
14
May
on
Finance Corp.
Family
Gross
collected-
income
(&
Plans
$1,040,918
18,755
Operating
Income
596,848
with
571,029
1,791,898
114,222
128,939
151,133
139,121
326,394
400,694
Reports to Employees—
$200,372
32,638
$183,074
32,638
$535,729
97,915
$493,805
97,915
9,375
9,375
28,125
need
28,125
for
profit
Series A preferred divs.
Series
B
preferred divs.
dividends
Common
Balance
99,180
surplus
Consolidated
Assets—Cash
99,180
$59,179
Balance
297,540
$112,149
Sheet,
March
April
1945,
2.
notes
$141,193;
pay¬
employee thrift accounts, $516,171; employee deposits
for purchase of war saving bonds, $2,415; sinking fund payment (de¬
benture bond due July
1945), $100,000; accrued interest (debenture
bond), $22,000; accrued taxes, $117,988; income taxes (est. 1944-1945),
$400,694; 10-year 2%%
debentures, 1951, $3,100,000; investment cer¬
tificates issued
(net), $3,863,052; reserve for contingencies, $46,863;
Series A preferred stock, $1,740,710; Series B preferred stock, $500,000; common stock, $909,149; capital surplus, $2,896,006; earned sur¬
plus. $1,783,743; total, $19,439,984.—V. 161, p. 566.
Federal Mining & Smelting Co.—75-Cent Dividend—
The
directors
the
declared
May 21
on
stock,
common
$2,
par
dividend
a
payable
June
of
75
cents
share
per
holders
to
20
of
record
May 29.
A similar distribution was made on March 20, this year.
In
1944,
the
following dividends were paid; March 20, June 20 and
Sept. 20, 50 cents each; and Dec. 20, $2.—V. 161, p, 1878.
z>
.
Federated Department Stores, Inc.—ExpansionFred
Lazarus,
has
poration
President,
Jr.,
the
purchased
21,
May
on
Foley
that
announced
Brothers
Dry
Goods
this
Co.,
Main
on
and
Houston,
will
has
Travis
where
the
be
It
customer's
amount
Mr.
to
completed
Streets
will
the-purchase of
between
erect
Lamar
eight-
an
parking
soon
that
and
plans
full
the
Dallas
block also
block
In
Avenues,
building which
restrictions
wartime
as
has been
With the real estate involved,
lot.
$9,000,000
said
and
nine-story
or
as
adjacent halt
An
between
Lazarus
plated
also
home of Foley Brothers
new
ptrmit construction.
a
•
:
bought
lor
the
will
also
Albert
which
by
he
time
will
Vice-President,
Division
been
in
Thomas
F.
chandising Corporation and
the Retail
Mo.—V.
Max
his
important
an
of
succeeding
group,
has
last
been
has
been
Research
executive
of
Association,
F.
&
R.
he added.
Lazarus
warehousing
G.
distribution,
and
Division.
Parts
M.
Co.,
will become Vice-President and General Manager
Brothers under the new arrangement.
George S. Cohen will
President of the company.
7
Negotiations have
been
concluded
with
Mr.
Cohen, President of
new
exchange
of
the
and
31,500
stock
common
majority
shares
of
which Federated
stockholder.
The
purchase
preferred
stock
has in
treasury.—V.
its
and
10,000
involves
shares
161,
of
1878.
p.
Brown,
Chevrolet
Period End. March 31—
Operating
Equip,
7
June
15,
at
be
Arthur
J.
Szold
of
Lehman
Brothers,
New
York,
Irving W. Wilson of Pittsburgh and A. C. Wickman of Toronto,
Canada, and London, England, have been elected directors.
Lewis J. Firth, founder of the
company, will retire at the age of
87
after
and
than
more
Donald
Mr.
G.
executive
will
and
sales
Manager of the
these capacities by
in
at
manager
The
New
of service, and Thomas D. McCloskey
Pittsburgh have retired from the board.
as
legal counsel and Mr. Clark in an
capacity.-—V. 161, p. 1094.
years
of
operating
York
Stock
shares
of
Exchange has
common
authorized
stock
(no
the
par)
Stock—
listing
of
official
on
19,513
notice
the
of
stock
common
transaction
$450,000
and
there
applied
will
charge
a
to
be
for
1.062,411
credit
a
plant
and
of
shares.
capital
property
amount.
accounts
result
of
of
the
profits
shares
V.
York
New
of
$4
161, p.
Food
The
cumulative
(no
par)
April
on
of
3,
M.
of
on
May
1
made
two
Frazier, Vice-President,
the
corporation
?Uar
connection
for
major
who
the
last
has
13
headed
income
assume more
formerly
a
General
Manager of the Peerless division
161, p. 2218.
anc!
Electric
of
—V.
was
The
the
on
May
capital
31.
A
Payments
cents
22
in
May
stock,
like
dividend
of
22
cents
per share
payable June 15 to holders of record
disbursed
on
March
15,
this year.
follows: April
15. July 15 and Oct.
16,
54 cents.—V, 161, p. 1998.
was
were
as
Dec.
and
a
23,
Hearing Date Set-
V-
its
plan to pay a regular quarterly dividend of $40,125
32,110.9 publicly held shares of $5 prior
preferred stock will be
considered
by the SEC
at
hearing
a
on
June
4.—-V.
161,
p.
1317.
.
V
to
or
E.
General
Jested
Mr.
t-*
Wilson,
Motors
in
*ssembi«
or
of
Jp"kB<>n
Wilson,
tails
President,
a
tract
on
of
Count v.
May
land
ppar
15.
announced
purchase by
comprising approximately 300 acres
Kerts0"
cstv.
Mn
"tk's
i*nd "
"is bought for possible post-war use as a site for a
plant
Bui^k. OldsmcbiJe and Pontiac automobiles.
Further de¬
developments
in
connection
with
this
plant
will
uectsoa.
Such
shares
the
on
1943
Dec.
on
to
31,
$1.05
1943.
being $1.16
.■>
•
be tied up in terminated war
arranged a VT credit of $2,500,000.
During
erection
the
of
This
The
of
course
a
to April 20,
up
new
the
:
1944
year
work
departments
of
the
commenced
was
Ward
La
motion
on
picture
Sales,
less
camera
developed
Statement
of
especially
Income
for
for
the
Years
85%
and
a
of
Net
Army
Air Forces.
Dec.
allowances
and
freight
81
1943
$37,878,631
$33,163,656
31,755,312
returns,
operating
Other
27,561,107
1,704,924
1,158,416
$4,418,395
profit
$4,444,133
income
Total
109.854
111,325
$4,528,249
$4,555,458
53 209
income
•
discounts
45.688
sales
on
(net)
of
7i'i585
Ward
La
France
Truck
Corp.
62,507
stock
(settlement of damage claims)
Miscellaneous deductions from income
Provision
for
Federal
income
taxes
and
renegotiation
$41,511
$496,,708
$676,865
1,546-
20,,544
11,912
$43,057
$517,,252
$688,777
8,777
88, ,911
118,825
$34,280
$428,341
income
91,956
Balance
the
Earnings
transferred
to
earned
'•
•
\-i-v -'"'i
....v.-
(& Subs.)—Earnings
sales.-?,—_______
$6,176,854
$5,671,459
$3,260,197
$4,068,738
and
4,609.542
4,217,549
3,053,753
to
Prov.
for
$1,453,911
$206,444
$909,948
14,122
1,759
7,227
2,939
$912,888
of exp,._
$19,721
on
fLolfo
$463,712;
prepaid
allowance
for
$i 0i
net
loss
of
$1,146,298
95,588
$1.16
applicable
subsidiary
to
depreciation and amortization for the year
Balance
$3,104,596;
Sheet,
accounts
items
and
Dec.
31,
notes
1944
receivable
(after
al¬
of
$12,870), $2,371,943; estimated amount
contracts, $172,950; inventories of finished
terminated
if _process' materials and supplies, at the lower of cost
advances to subcontractors for purchases,
$ '?34'142;
expenses,
depreciation
$138,143;
and
fixed
amortization
assets,
at
accumulated
cost
(after
since dates
!woaC*qUISV
0f predecessor companies of $678,702), $1,348,989;
n?J® goodwill, lefS .aI,lo,wances for revaluation and amortization), $11,»„«2« iSn
0j5,
$1;
total, $12,325,511.
rnm^nvtle«S-^nnnidiary
$1,567,312
net
$1,041,447
$377,846 and for 1943, $266,351,-
doubtful
3,158,790
1942
for
Consolidated
1771.
p.
surplus
_
in!!^ote
provision for
amounted
leceivable
1943
inc.
$1,146,298
600|000
403,525
Assets—Cash,
exps.__
3,210,000
■=■$1,641 447
t
:
"After adjustment
minority interest.
for
>
-
2,750,000
year
share
233,660
1944
costs
-
contingencies—
per
1,008
12,008
for
—
for
for
$569,952
233,660
161,
the
35 mm. combat
Ended
Selling, general and administrative expenses—_
665,666
Co., above.—V.
Divi¬
building will be completed shortly.
owns
77% of the preferred stock
stock of Cineflex Corp., which manufactures
Consolidated
1655.
Oil
the
engineering
Truck
France
corporation
common
663,306
stock.
share
contracts, the corporation has
No borrowings had been made
1945.
building at Elmira, N. Y,, to house the
administrative
53,638
common
per
Com¬
p£r
In order to provide for additional working capital that
in connection with the corporation's war production,
funds used for that purpose, including moneys that
may
Net
$36,102
on
com¬
outstanding
equivalent
are
$1,146,298,
were
shares
1,031,225
earnings
outstanding
///
against this credit
/Provision
1945
s note PayaWe to bank, gauaranteed by parent
S $350'000: a2counts Payable,
onri
$2,103,517; accrued taxes, wages
2S• LtXHP(;nSeS^ $526>384:
amounts withheld for employees' taxes
^ 54a 4si fir pu[cha®es> $103,339; advances on government contracts,
war' rnntlaJK1Tfl°f
Federal taxes °n income and renegotiation of
S2
S 15
deducting U. S. Treasury tax notes of $1,000,000),
roiuinffPnHpc
;on?,ennfayable' due after 1S45> $22,800; reserve for
$103 fSf ionili
'
' capital stock (10 cents par value per share),
1940)
earned SUrplUS <SinCe DeC' 31»
1940), $1 789
$1,782,552; (SUm
total,
•
$1,581,434
$1,455,670
$213,671
taxes.
1,171,462
1,077.149
101.374
57,523
52,692
38,262
$325,829
$74,035
income
profits
excess
net
Consol.
and
income..
the
Note—For
dollars
States
$352,449
quarter
ended
March
24,
1945
the
net
659,780
90,000
:/•
$163,108
income
included,
after
translation
into
official rate of exchange, amounted to 9.3%
at
consolidated income.—V.
net
;;
subsidiaries
Canadian
Gimbel
161,
p.
1
$12,325,511.—V. 161,
of
of
the
1317.
Brothers,
Inc.—Sells Debentures
Proceeds
will
be
company's
1,
and
retire
bank debt of
serial
The
remaining
to
provide for
tional working
be
a
Mr.
F.
to
used
the
the
virtually all of the mortgage debt of
which
entire
amounted
$3,300,000
to
about
$15 300 000
outstanding
NeTesaugaErnsaeidesFebrUary~
preceeds,
which
Gimbel,
exceed
$7,000,000,
will
be
used
informed stockholders at the annual
that sales thus far this year have increased
that
a
year ago,
sales
and
Report—
1945
1944
1943
—$29,699,248 $34,519,280 $41,426,558
other expenses—
income" (net)
(neU~
income
25,600,228
29,004,610
32,367.801
$4'099-020
~
$5,514,671
$9,058,758
150,739
tP^alf^^e^^rT-r™
$4,249,750
81,901
58,611
$5,596,572
$9,117,369
Pnmsta'f^2.139.595
on
President,
the corresponding period
better than last year.
said
Other
P
will
ot
vjuier
short-term
contemplated post-war capital expenditures and addi¬
Capital required in the company's expanding business.
over
Gimbel
of
company.
held on May 22.
iittle
retire
subsidiaries,
to
986.
Privately—
it was announced May 17, has sold $25,000,000
16-year 3% sinking fund debentures at par to the Equit¬
able Life Assurance Society of the United States.
the
p.
Great Western
Sugar Co. (& Subs.)—Annual
United
company
about 15%
the
replenish
831,047
"•
Bernard
C.
1944
year
might be needed
224,388
6,514
'
meeting,
General Motors Corp.—Plans New
Plants—
share
per
year.
1,542,790
General Time Instruments Corp.
corporation's
on
the
for
working capital of the corporation amounted to $2,398,905
1944, an increase of approximately $1,150,000 over the
previous year.
859,899
____
Continental
see
•"
Feb.
General Gas & Electric Corp
$37,878,631
31,
163,955
1,300,458
General Petroleum Corp.—Further Expansion-
total
$2,
par
amount
1944
each,
declared
16
net
Dec.
on
lowance
Fundamental Investors,
Inc.—22-Cent Dividend—
on
of
shares.
985,875
on
Cost
cost
directors
$1.01
the
parative net earnings for
71,611
1,557
income
161, p.
the
Food
high
985,875
1J44
the
executive,
Vice-President
a
of
the
13,700
"
Dividends declared
important
Machinery Corp.—V.
being
end
on
120,700
Pump
to
E. Sutcliffe,
Industries, Inc.—Annual Report—
new
3,660,907
$42,617
deductions
Income
executive
returns
share
$41,059
__
1945.—
over-all management.
Jr.,
3,924,995
$9,129,071
75,000
Peerless
months,
L3ull.VSan Jore' Calif- tb
with the
in
the
at
1,527,408
319,574
Reserve for eonting.____
changes
$1,041,446,
55,799
income
Other
Fairman,
ramed
stock
2,053,506
income—net
Gross
Net
"
listing
a
Dividends paid
same
Machinery Corp.—Changes in Executive Set-Up
Clarence
work in
preferred
the
1997.
corporation
division
Exchange has authorized
$9,462,827
160,710
75.662,
_____■;
Operating
Oper.
Stock
1945—12 Mos.—1944
$781,445
-.2
14.064
tax.
-
Listing of $4 Cumulative Preferred Stock—
H.
sales of $33,163,656 for the previous year.
After making
for income taxes and renegotiation
refunds
and
adding
$600,000 to the reserve for contingencies (as compared with $450,000
in 1943), the net income of the corporation for the year amounted to
107,390
<
surtax
12 Weeks End. Mar. 24-
The
position he will
and
provision
Acquis,
of
a
new
with
pared
■
reached
Interest
Subs.)—Earnings—
of
account
As
stock
(&
342,732
exps.__
and
excess
Other
issuance, in connection with the acquisition from
Raybestos-Manhattan,
Inc., of a plant near Morristown, N. J., making the total number of
shares
Great American
City,
yu.-./i-;.
•
taxes
normal
Net
Co.—Listing of Additional Common
as operations examiner.
In his
Stone, Vice-President and Secretary,
E.
Kansas
185,921
& garage
Depreciation
continue
consulting
Flintkote
additional
70
Clark
McCloskey
R.
Sales
General
as
succeeded
regional
$822,628
revenues
maint.
Other
Fed.
Haro'd
assist
Cost of sales
assignment.
1945—Month—1944
expense
General
and
and
were
Treasurer.—V. 161, p. 2219.
_
Fed.
Bunker
Raymond J. Fitness as a Vice-President,
Assistant Secretary and Assistant Treasurer
as
Detroit Bank
The
Cash
Firth-Stirling Steel Co.—Four New Directors—
H.
Horn-
1944
until
Sales
Manager of the
accessories merchandising,
and
well
as
Galveston-Houston Co.
as
Foley Brothers,
Mellon
Co.,
May 22 by Joseph W. Frazer, Chairman.
on
staff.
&
Foley
remain
are:
&
Mr. Fitness, who joined Graham-Paige at its subsidiary, the Warren
City Manufacturing Co., Warren, Ohio, previously was Vice-President
charge of manufacturing at Willys-Overland Motors, Inc.
Mr. Slick joined Graham-Paige in April,
1943, after serving with
as
Inc., Columbus, Ohio,
of
them
Minton
of
in
Grant
H.
General
parts
will
He
acting
of R.
year
duties
present
Assistant
charge
who
retirement
Leweilen
Mr.
161, p. 1998.
an
who
Slick
S.
announced
the distribution staff
policy
the distribution
continue
undertake
has
Leweilen
Chevrolet
Feb. 1, 1946.
In the meanwhile, Foley Brothers, a 45-yearold store with annual sales of £8,000,000, will be operated at its
present
location.
The store
will
become
a
member
of
the Associated Mer¬
Levine,
with
Sills,
Corp.,
appointments .of
John
of
Dezendorf.
C.
distribution
since the
group
will
Nelson
the
of
Executive
the
of
Dezendorf
Mr.
corn-
associated
Securities
Union
Weeks, The First Trust Co.
Graham-Paige Motors Corp.—New Executives—
The
sion.
succeeding
chairman
Bradley,
Mr.
be
Inc.—Exchange Offer—
Lincoln, Neb; T. J. Feibleman
Co. and Thomas H. Temple & Co.—V. 161, p. 2109.
&
7
Vice-President in charge of
as
for
to
of
to
underwriters
The
Corp.,
blower &
were
Motors,
be
Chairman
deal -will
the
building
new
offered
(Inc.).
Securities
is
Leweilen has been appointed director of
General
$10,000,000.
call
Co.
&
dollars worth in 1943, but because for every dollar paid in
the Government the company delivered one-eighth more in
W. G.
of
corporation
job for the country in
Changes in Personnel—
cor¬
Houston,
63 148
notice
now outstanding the right
$4.50 prior preferred stock on the
new
a
and
Texas.
The
r
,
t
in the seven pre-war years, 1935-41.
Greater employment post-war
than ever was. the case in General
Motors pre-war is a plan oi the company, Mr. Wilson says.
"In
our
post-war program we contemplate an expansion and im¬
provement of our productive capacity/' he states, "with new plants,
new buildings, new machine
tools.
Our plans call for employing more
men
and women
post-war than we ever did pre-war, and we also
intend to produce more and better goods."
Mr. Wilson speaks again of GM's $500,000,000 immediate post-war
program, inciuding rehabilitation of equipment, replacement of wornout or obsolete machines, and
additional plant facilities, as well as
many improvements for employees, such as better lighting, ventilation,
washroooms, cafeterias, parking areas and still better safety conditions.
In connection with.his outline of post-war plans for employees, Mr.
Wilson declares that the employee suggestion plan used in war-time on
a
corporation-wide basis, which brought $2,353,000 in war bonds and
stamps as a reward for 58,745 ideas from employees on obtaining
more efficient
war production,
is to be continued after the war.
General
Motors expects to have a job available for every former
employee in the armed services who wants to come back, Mr. Wilson
says in his report, and, in addition,
"we have a comprehensive pro¬
gram for handicapped veterans and expect to fit them into jobs where,
as far as the job is concerned, they will not be handicapped.".
j
able, $3,300,000;
on
listing of
official
$1,554,000,000
tal, $19,439,984.
payable
for
produced more
money."
~
i
Besides, the report points cut, General Motors early adopted a war¬
time profit policy that has kept its profits well below the rate nor¬
mally achieved in peace-time—average net profit of $161,000,000 on
average net sales of $3,436,000,000 in the three war years, 1942-44, as
against average net profit of $184,000,000 on average net sales of
31, 1945
the
upon
stock
preferred
better, too," he adds.
"In other words, V-e
products and better products for the same amount of
bank, $1,462,881; notes receivable (net),
$12,805,607; United States Government securities, $1,000,000; other
notes receivable
(net), $3,863,052; other assets, $7,519; furniture and
fixtures (depreciated value), $174,343; deferred charges, $126,581;
to¬
Liabilities—Dividends
he
says
physical volume.
"Our products
hand and in
cn
by
1944
$45,431
par)
the holders of the 26,700 shares of its $7
to exchange such shared
basis of 1 1/10 shares of
new
preferred stock for each share of old preferred stock, plus a
cosh adjustment with respect to dividends.
The exchange offer ex¬
pired at 3 p.m. (EWT) on May 23, 1945, and the company expects to
redeem any unexchanged, shares on July 1, 1945.
The
exchange
offer
was
underwritten
and
the
unexchanged
shares of new preferred stock are expected to be publicly offered
by
an
underwriting group headed by Hallgarten & Co. and Harris, Hall
has
Company
able to call the job GM did in 1944 moie
effective not
only because the company delivered a record total of
3,800,000,000 of dollars of war goods in that year as against 3,500,-
322,335
$41,881
'
(no
to an
share,
pursuant
Godchaux Sugars,
„„„
war
Wilson
Mr.
000,000
Net
..
end" as long as there
production, Fresident C. E, Wilson of General Motors
takes a look ahead at post-war possibilities in his annual report to
the more than 400,000 GM war-time workers, released on May 24.
387,773
351,229
taxes—,
stock
common
agreement to sell to underwriters at not
less than
$30 per
less reasonable selling cost and expenses
which will, if approved, make the total amount authorized to be listed
1,092,000 shares.—V. 161, p. 2219.
issuance
by Chevrolet
he said.
"The car will be manufactured
through Chevrolet dealers."
1
Japan,"
distributed
and
is
of
shares
additional
Exchange has authorized
Stock
York
New
E
.
$3,059,246
67,582
1,758,857
—'
charges
Income
The
Lighter Chevrolet Car—
a
of Additional Common Stock—
Glidden Co.—Listing
Wilson, President, 011 May 15, announced that General Motors,
through its Chevrolet Division, plans to produce a lighter weight and
more economical car in the post-war period.
"Because of the necessity of putting war production first, the car
is only in the idea stage, and therefore it cannot be placed in pro- >
duction until a considerable period of time after the close of the war
C
expenditures, he added.—V. 161, p. 1426.
porporate
Sandusky, Ohio.
Citing General Motors' increasingly effective
war and saying that 'Sve will hojid up our
65,685
expenses
as
the
$3,120,400
19,205
by
Buicks,
assembly. of
Division plant at
1945—9 Mos.—1944
$1,081,780
Interest
will
the
for
Sub.)—Earnings—
1945—3 Mos.—1944
were announced
be built as soon
Del.,
which
acquisitions.
The Fajardo agricultural properties are held by the Fajardo Sugar
Growers Association, an affiliated company in which stockholders of
Fajardo Sugar Co. have a beneficial interest.
If the lands are sold
it is contemplated the net proceeds will be distributed pro-rata among
stockholders of the Fajardo Sugar Co.
The company would retain
its
two
sugar
mills, and continue its operations as an industrial
enterprise grinding sugar cane in Puerto Rico.—V. 161, p. 766.
Period End. March 31—
city, Mr. Gimbel disclosed, but the location
determined.
As for larger new stores, he said that
nothing specific is contemplated at the moment, although the manage
ment is open to proposals.
The private sale of $25,000,000 of deben¬
tures
announced recently gives the
company
about $7,000,000 for
another
yet been
not
has
material and labor for civilian automobile Production
for the erection of an automobile assembly plant at Wilming¬
plants,
in
unit
Avenue
availability,
governmental decisions on
finish of the war and
await the
Ap¬
Sugar Co., Porto Rico—Consent Decree
Fajardo
Monday, May 28, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2332
refe^rrec?0 di vld ends"
Common
common
ing
$2,637,850 1$3,456,976
diviripnrif
dividends.
——______
$4,544,151
1.050,000
1,050,000
1,050,000
2,880,000
3,600,000
3,600,000
post?war$1rpfnnd0ffPti^lSonnn
H344
iBefore
back
DacK
provision
for excess Profits taxes after deductarifustm. 'N° a*cess profits tax in 1945 and
of
intffn
Internal
i
d
Pn°r years' Federal taxes under carry-
Revenue Code
and profits should
Consolidated
Balance
future
plans include expansion of the Saks
Fifth Avenue branches m Beverly Hills, Chicago and
Detroit, partly to
install
a
men's clothing department in
each
store.
Some
existing,
departments would be enlarged, too, he declared.
The company also contemplates the addition of a new Saks Filth
:<*%$»
costS)Set$"7250*127$-9'fip^'nnZI
"
$1,034,016?
sSib Igq. «££?« mal*et>:• *21,079,905;
090,674; prepaid
ex^es,
mi
1945
s\Treasurv short-term
'
assets
amounting to $590,000.
Sheet, Feb. 28,
A
securities
inventories
(at
(at
investments and sundry
GqUipment' $45'*
1
161.
Volume
Number 4389
payable, $667,191;
Liabilities—Accounts
payable
dividends
$4 724.807;
THE COMMERCIAL & FINANCIAL CHRONICLE
April 2,
taxes
1945,
payable
and
$982,500;
accrued,
•North
Associates
for
reserves
depreciation, $28,084,968; reserves for employees' retirement allow¬
ances,
$299,007; reserves for contingencies, $850,000; 7'A preferred
stock ($100 par), $15,000,000; common stock (1,800,000 shares or no
par), $15,000,000; earned surplus, $18,825,116; capital surplus, $178,719; total, $84,612,308.—V. 161, p. 2109. ;
;.,;A
17,926
of
tax
benefit
income
net
the
of
of Dec. 31,
as
Consolidated
for
company
1944
credit'
before
the
to
U.
$1.92
accounts
share
a
in
prior
stock
on
amounted
years,
outstanding.
The
$230,415,
to
income
net
;
31
for
Security
cess
....
8,871,565
...
5,067,890
10,538,791
11,319,680
4,557,888
...
7,430,731
I
investments, post-war refunds of exprofits taxes, and other non-current
-—
,
1,386,632
goodwill
charges
997,975
5,722,834
equipment
and
•
„
—
plants and
estate,
Patents
With SEC'
—
1943
tax
...
receivables
$Real
•
$18,474,689 $20,132,230
...
Inventories
adjusted
Haydock Fund, Inc., Cincinnati—Registers
Dec.
—
Treasury certificates of indebtedness,
notes and savings bonds.....
t Receivables
•
for the- estimated effects of this financing, would be
$233,200, equal to $1.60 on each share to be outstanding upon
completion of this financing.—V. 161, p. 987.
:
-
S.
in
that year because of deductions from 1944 Federal
relating principally to property abandoned which was
Sheet,
1944
*Fash
off
in
Balance
Assets—
;
1944.
income
1944,
in
insurance
for
respectively,
written
force has been passed by
this company, it was announced last week by James A. McLain, Presi¬
dent.
'
The new milestone was achieved in April as one of the most successiUl production campaigns in the company's history was approach¬
ing its close, and climaxed the news or an increase of neany 20'A
in
new
paid-for business for the first four months of 194o.
The
increase for the month of April was 14% .—V. 161, p. 2219.
mark
$600,000,000
The
Properties, Massachusetts Power & Light
Power Association, owned 63.800 shares,
England
shares,
2333
about
-
-
Lighting
New
taxable
equal
$600,000,000—
and
shares and 60
Earnings—The
Guardian Life Insurance Co. of America—Insurance in
Force Passes
Boston
5,929,676
1
155.586
120,036
———$49,707,936
Deterred
1
$50,993,220
......
.
The
company
has filed a
registration
statement
with the SEC
covering 20,000 shares (no par) capital stock to be sold to the public
the
at
was
maximum
aggregate offering price of
organized two months ago as
open-end
Cressler
$2,000,000.
The company
investment firm of the diversified,
an
type.
It is successor to the firm of Haydock,
which was founded in Cincinnati in 1925.
management
&
Lamson,
Gulf, Mobile & Oliio RK.—Would Buy Alton RR.—
'}
The
company
RR.
Alton
the
Liabilities—
Notes
Accounts
Due
Hayes Manufacturing Corp. (& Sub.)—Earnings-
has asked the ICC approval of its plan to purchase
and for authority to issue 378,787 Va additional shares
Period Ended March 31, 1945—
Total
rev.
trom
3 Mos.
after prov.
cpers.
for renegot-
12 Mos.
$3,503,335 $17,439,012
Operating costs
will
will
and
at 4%
interest
2,999,190
would
issue
additional
an
$1,864,200
the
of
series
tion
15,748,117
An
additional
the
Gulf
will
Gulf
tions
If
systems
experienced
the
by
of
for five
stock
common
at
years
payments of
assume
combined
ditions
shares
in
the
of
be
$25
a
be
1930s."
On
an
Net
'
analysis
of
of
routing
:
—
——
535,629
Amort,
of
902,462
Other
.
16,150
193,809
360,709
f4,175,790
110,534
101,627
1,281,879
$3,459,651
D?185
Drl,875
Drl3,861
$249,084
$3,445,789
$3,350,926
77,217
100,157
1,129,765
1,223,738
$230,191
i'/
§Red. in Fed. inc. taxes
$148,927
$2,316,024
43,592
45,150
i
of
$192,519
$275,341
corporation
524,660
.
The
called
redemption
for
3'/a
Street
fitate
of
the
}
&
Clark
Gould
F.
who
has
blower
a
&
Mr.
Gould is
for
the
inc.
$54,830
ifr-
after
prices,
$682,564
Taxes
Non-oper. income
114,321
$112,754
(net)
530
.8,781
4,927
Balance
$9,511
$121,535
2,916
35,000
;.;vv 50
519
"
$9,427.
ll—
Retirement
reserve
/
charges——
V". ./;
64
Net
equipment,
35,000
since
$72,169
auction
May
15
of
81,
the
During
the
no
(no
the
par)
cash
U.
S.
JAfter
It
of
depreciation
for
$696,066),
'v.-
...
taxes,
miscellaneous
accrued
$362,528;
excess
of earned
distribution to stockholders
surplus at dates of distri¬
p. 1969.
Corp.—Annual Report—
profits previously reported by the cor¬
the year ended Dec. 31, 1943, were
the
1944
subsidiaries
its
As
result
a
for
of
such
provided for that
reserve
for
credit
Federal
purpose
income
and
year.
located
..
at
Thermos
23,
in
the
Co.
order
which
oil
manufactures
purification
\
1944,
Bottle
Va.,
Ind.,
Lebanon,
:
Dec.
On
,
manufacturing
a
be
to
purchased
corporation
in
a
corporation's postwar plans.
plant
position
-
to
from
located
carry
Cost
of
-
-
.
.
Statement, Years
Income
The
American
Huntington,
in
out
certain
the
of
,
Ended Dec. 31
1944
1943
1942
$66,045,884 $62,663,424 $57,658,544
.
Gross sales and other oper. revenue
sales
Gross
-
-
_
profit
Selling
and
Profit
Other
from
53,115,974
50,069,581
B
1944
class
161, p.
the
holdings in
Capitalization—After giving effect to the issuance
additional capital stock and to the application of the
capitalization of the company will be as follows:
and sale of the
proceeds thereof,
the
-•
-
-
Capital
,
•Total capital
stock to
be outstanding
shares)
Premium
$3,640,725
$1,344,919
^
1,721,712
1,276,769
$10,485,114 $10,872,133
$8,799,921
132,240
225,238
May
maximum
lots
of
21
for
under
use
depreciation
in
1943.
preferred
contracts
amortization
and
by
^Represented
stock
and
785,000
of
173,500
of
shares
J
Corp.—Exchange Offer—
18 that
under the
exchange
was
100,000
shares
which,
change
and
120,592 shares
of 5%
exchange offer of April 25,
preferred stock
1945.
As this
of
100,000 shares accetpable under the offer,
shares or more were accepted on a pro rata
declared
of
cancelled
effective
5%
The
remaining
80,000 shares
redemption
May
dividend of
$1,084
Prov,
rehabilitation
for
post-war
$8,935,685
tion
J
of
moneys
P.
The
18.
on
1943
year
for
war
Fed.
500,000
est.
(net of
income
nority
from
of
5%
preferred
redemption
April
$108,584
V.
1945,
1,
taxes)—
in
203,117
for
ers
subs,
share
per
.1
income
A
Class
B
Earnings
preferred
1,012
11,588
dividends
per
Note—The
share
were
class
for
against
8,407,383
104,180
104,180
$1,521,389
104,180
,
$1,647,354
433,763
433,762
785,000
$1.39
$1.53
depreciation
in
redemp->
with
19
May
by Fisher Broth¬
for
Inter-City Baking Co., Ltd.—Partial Redemption—
have
There
called
been
redemption cn July
for
and
this
amortization
statement
628.000
$1.55
of
plant,
amounted
$793,461 for 1944, $780,017 for 1943, and $770,184 for 1942.
to
1945, at 101
1,
and
int., $55,000 of series A 1st mtge. 5Va% sinking fund gold bonds.
Pay¬
ment will be made at The Canadian Bank of Commerce in Montreal,
Vancouver or Ottawa, Canada.—V. 159, p. 2521.
Toronto, Winnipeg,
V ' '
•
,
"
•
'
•
'1' '
v\'
'J
'
•
Steel Co.—Annual Report—
Inland
$32,940,000 of 3%
there were purchased and
that on Dec. 31, 1944,
there
were
outstanding $32,500,000 "F" bonds.
On Jan. 4, 1943,
there
were
purchased and
cancelled $220,000
"F" bonds., These
purchases result in the company's being free of any obligation to
reduce its bonded indebtedness for seven years or until April 1, 1952.
Since Jan. 1, 1940, the company has expended from its own funds
for war emergency facilities approximately $14,500,000 which, as pro¬
On
there
1943,
31,
Dec.
1944
$440,000,
year
cancelled
vided
in
Section
deducted
b?
as
124
of
outstanding
were
series "F."
During the
against sinking fund
bonds,
Internal
the
amortization
for
tax
so
Revenue
purposes.
has been or will
Including the amount
Code,
charged against income in 1944, viz., $2,885,190, the total deducted up
to Dec. 31, 1944, is approximately 45% of the total amount expended
\
'
f
proceedings have been completed in respect to the
it has been determined that no excessive profits had
been realized during that year.
It is not anticipated that any ex¬
cessive profits will be found to have been realized in 1944.
<
With
a
total ingot production of 3,684,147 net tons, the rate of
operations for the year was at 108.4% of rated capacity as compared
with 106.6% of rated capacity for 1943.
During 1944, 2,913,173 net
tons of finished
and semi-finished
steel were shipped, as compared
with 2,785,734 net tons in 1943.
Many new production records were
established in various departments as well as the new record in total
ingots and finished products.
During the year 1944, there was expended for new construction and
improvements $1,696,587.
The small amount of expenditures is due
primarily to the very acute manpower shortage and Inability tq secure
material necessary
for new construction work.
No major improve¬
ments or additions to capacity were made during the year.
for
facilities.
such
,
,
Renegotiation
year
1943
and
Consolidated
Income
Statement,
\
Years Ended Dec. 31
1944
1943
$
$
1942
$
deducting
cash
dis¬
counts, returns and allowances— 221,161,942 203,680,146
Int., divs. and other income
—
772,753
627,237
189,612,004
672,617
221,934,695 204,307,383
190,284,621
after
Sales,
sales
and
of sales,
tCost
182,935,493
and deplet—
facilities
7,110.441
for amort,
and exp. on
post-war
Fed.
for
and
1,505,866
2,000,000
17,560,000
——
other
income
and
income—
Dividends
461,296
2,253,442
1,269,304
241,674
19,325,000
23,885,000
10,249,395
7,348,972
10,801,564
7,348,972
10,721,372
7,348.972
$6.61
$6.57
2,885,190
1,033,243
funded debt
charges——
for
161,884,247 144,270,085
7,344,792
7,522,514
1,009,638
of emerg.
Prov.
Prov.
and
expenses-—-—
for deprec,
Prov.
revenues
selling, general
160,933
excess
■-
declared———
96,210
ad¬
6,812,613
$1,631,847
785,000
B
for
accrued
The
2543,
p.
Net
433,764
income
deposited
called
plus
Treasury Stock—
profits taxes
7,900,600
.....
on
provision
charged
—
were
21
called
•Prov.
and
dividends—
ex¬
E.
—
$6.28
Earnings per share———
Class
stock
justments
company
for
Barit, President, revealed at a meeting of stockholders on
that a proposal had been made to him on May 12 which
the sale of 400,000
shares of this
company's unissued
treasury stock to the Fisher Brothers at the book value of $22.61 a
share.
Before the meeting two "independent" directors tried unsuc¬
cessfully to obtain postponement of the meeting.
Opposing the proposal to adjourn the meeting, Mr. Barit declared
that the Fisher proposal was not definite enough to put before stock¬
holders and that he felt directors first should have an opportunity to
consider it in detail before submitting it to stockholders,
There were 1,188,036 shares represented at the meeting, including
the 406,000
withdrawn.
Total shares issued are 1,588,810.—V. 160,
A.
-
2,216
profits
result of
a
161, p. 2110.
Other
refund
income
as
accepted
price is $107.50
to June 18, 1945.
Hudson Motor Car Co.—Offer Made
tint,
contracts and
Canadian
interest
54,353
charges
taxes
Portion of income applicable to mi¬
excess
305,597
443,545
refund
renegotiation
production
and
509,403
385,853
of renegotiation
Miscellaneous
Prov.
other
——.
1945,
were
Morgan 61 Co. Incorporated, to be applied to such redemption.
may obtain payment of the redemption moneys at any time.—
administrative
—
Adjustment
for
and
contingencies
Interest
—_
stock
Holders
Total
—
May 19,
preferred
and
100,000 shares of new 3%%
preferred
stock
are
being issued, with checks for the cash payment, to those
entitled thereto under the exchange oifer.
135,765
$10,617,354 $11,097,370
...
income
facilities
(145,629
for
2110.
Finance
announced
surrendered
exceeded
restricted
$7,837,566
convertible
stock.—V.
was
and
reserve
and
A
47,581,854
$12,929,910 $12,593,843 $10,076,690
2,444,795
expenses—
operations.—.
income
Gross
Net
be paid off during the year 1945.
———
general
.
amount may
1,358,203
3,437,993
in 1944 and $943,674 in 1943.
for losses of $382,686 in 1944 and $380,909 In
deducting
in
of
advanced
reserve
Household
.
9,271,081
1,358,203
3,500,444
Government, $2,362,568
1943.
$8,596,008
shares
were
439,758
9,271,081
...
...
deducting
class
282,963
452,129
shares)
par
.
244 shares at $30%.
An increase in the capital stock of the company by $650,000, con¬
sisting of 26,000 additional shares (par $25> was recently authorized.
Company offered such 26,000 additional shares of capital
stock
proportionately to stockholders at par.
North
Boston
Lighting Properties, Massachusetts Power & Light
Associates and New England Power Association, parents of the com¬
pany, exercised their rights to subscribe to the additional capital stock
proportionate to their present interests.
The amounts so subscribed
are
13,866 shares in
respect of North Boston Lighting Properties,
3,896 shares in respect of Massachusetts Power & Light Associates
and
13
shares in respect of New England Power Association.
The
balance of the shares, with the exception of the 794 sold at auction,
were taken up by the stockholders.
'
■
/
The proceeds
($650,000) from the sale of such additional capital
stock are to be used by the company to pay on account of its in¬
debtedness to North "< Boston Lighting Properties in the amount of
$800,000.
Company expects to pay off the balance of such indebted¬
ness, which will amount to $150,000. by payments on account from
time to time as funds become available.
It is believed that the entire
815,000
205,125
Special¬
crude
to Wyoming-California
securities, at cost', $12,500; oil
of $507,500), $43,275; wells
$3,651;
\
shares at $31 and Hooper-Kimball, Inc.
2,124,278
post-war
—
tAfter
advances
reserve
1930,
1,
1945
Treasury obligations, at
oil, at posted field
S.
President, on April 5 stated in part as follows;
year
and
the
\...;
the
8,835,673
2,557,833
other
.............—$49,707,986 $50,998,220
"Including
April 25, fl.945, $9,000; reserve for Federal
stock (-$1 ;par), $900,000; earned surplus
on
in
1930
$6,248
51,597
794 shares of capital stock un¬
subscribed by stockholders, Saben & Co. bought 200 shares at $31%
a
share and another 200 at $31.
Draper, Sears & Co. bought 150
public
and
1942
1943
for depletion
payable,
capital
Consolidated
Shares of Stock at Auction—
At
in
(after
Jan.
prior to
years
tion,
;
581 •
$86,016
$6,544
declared——
stock
Total
with
May
Corporation,
$18,265
March
U.
$9,998;
marketable
cost
at
Sheet,
$388,761;
reserve
dividend payable
preceding
$107,751":
63,882
$6,446
income—,—
Balance
investment
(after
1944
$9,016
receivable,
$168,000;
Co.,
$580;
W.
Dividends
1945
$10,112
banks,
equipment.
2,916
Higginson
Co.,; Lee
&
On June
8, 1944, this corporation purchased for $330,000 all the
outstanding capital stock of Honan-Crane Corp., an Indiana corpora¬
ac¬
cruals
Interest
•
Co.,
renegotiation, after giving effect
from 1943 earnings together
excess profits taxes and the
postwar excess profits tax refund applicable to the additional amount
agreed upon, there was charged to 1944 operations $203,117 or 26
cents per share on the class B stock.
Renegotiation proceedings for
the year 1944 have not been started, but provision has been made for
this item by charging to this year's earnings an amount which the
directors consider adequate, in view of the settlement made for the
$102,823
$8,981
326
.
H. L. Emerson & Co., Inc., Fahey,
Hayden, "Miller & Co., Horn-
&
Langley
chgs.
in
$1,045;
renegotiated,
31,536
104,174
9,435
revs
C.
accounts
at cost
poration
.402,999
$9,101
.i-A.,--,-:
oper,
the
on
The offering
banking group
161, p. 2110.
all
Charles Getler,
$641,534
29,211
2,238
9.486
'
Net
~
426,277
32,961
2,302
———.
W.
tax,
Warren
32,990
share.
investing
an
bution, Dr$503,542; total, $775,192.—V. 160,
1945—12 MOS.—1944
$53,767
by
stock
common
Co., Merrill, Turben & Co. and Otis & Co.
financing, capitalization of the company will
$62,004;
with
1945—Month—1944
revenues—
Shepard
Condensed
cost,
in
appointed
succeed
Expired—
Holly Development Co.—Earnings-
$2,974;
presently in charge of California manufacturing opera¬
Wire & Cable Co.—V. 161, p. 1880.
Operation
into
preferred
underwritten
Houdaille-IIershey
to
each
for
House & Co.,
Hawley,
accumulated
director
2,772,500
8,625,570
......
surplus
The
stock.
Tenders for exchange was
Cleveland, up to May 22, 1945.
convertible
be
shares
Liabilities—Accounts
159, p. 2197.
been
will
3 Mos. End. Mar. 31—
Net
to
Maintenance
1944,
12 months
25
been
stock.—V.
common
resigned.
April 30—
the
share.
For
consist of
35,900 shares of $4 convertible preferred stock and 360,250 shares of
and
Anaconda
Period End.
share.
a
$88,844; deferred charges, $765; total, $775,192.
Haverhill Gas Light Co.—Earnings—
Operating
has
Weeks,
&
the
After
i
tion
Co.,
McDonald
Director—»
elected
been
has
stock
Co., Curtiss,
&
Petroleum
June 21,
1945,
1950, at 100% and
Bank & Trust Co.,
Co., Boston, Mass., has
stock.—V. 161, p. 2219.
Harvill Corp.—Elects New
Edwin
Stratton
benefit of subse¬
(52,090
surplus
by Glore, Forgan & Co. and Maynard H. Murch & Co.
The
also included A. E. Ames, Inc., Collin, Norton & Co., Paul H.
leases,
on
Trust
common
without
and
cents
16
preferred
May
common
stockholders
income
Th«
equal to
convertible
Assets—Cash
Harvard Brewing Co.—Registrar—
registrar
the time,
May 16 notified holders of its $5 cumulative
stock, now outstanding in the amount of 35,900
right to tender such shares in exchange for the new
$4
new
group
Redemption—
Broadway, New York, N. Y.~—V.
165
at
1944, net was $895,456, or $1.15 a
announced
of
headed
$2,840,684
$36,000 10-year serial 3Vis> debentures due Nov. 1,
interest.
Payment will be made at the Chemical
trustee,
months of the previous
12
peacetime
was
basis
121,047
(
has
$0.77
418,885
etc
and
Capital
$674,526
$0.10
by the underwi iters that all the shares
have been sold pursuant to the company's exchange offer or otherwise.
$2,127,187
V.
throughout their normal life and not to replace
161, p. 1999.
Hartford Times, Inc.—Partial
The
reported
31,
cumulative
It
—
existing facilities.—V.
quarter and
accepted by Central National Bank,
51,996
;
$2,248,234
Preferred dividend requirements
584,653
584,967
•Includes credits resulting from capitalization of interest on funds
used for construction purposes,
f Amortization charges were reduced
beginning November 1944 due to the charge-off to earned surplus of
the unamortized balance of debt discount and expense applicable to
securities no longer outstanding.
tProvision for Federal income taxes
for the 12 months ending Jan. 31, 1945 includes provision for estimated
excess profits taxes of $2,589,711
(1944—$2,447,664) after giving effects
to
reductions shown separately and after deducting
estimated post¬
war credit of $287,746
(1944—$272,0191.
{(Reduction in Federal income
taxes resulting from amortization of facilities allowable as emergency
facilities under the Internal Revenue Code, which facilities are ex¬
pected to be employed
the
for
$124,477,
was
March
Davis
'
Balance
As
shares, of their
to
——
$90,823
capital stock—————
on
of
taxes.
rentals,
Earned
824,812
company on
convertible preferred
$3,298,930
$307,408
income
363,290
Hinde & Dauch Paper Co.—Exchange Offer
1,195,026
$250,960
tlnterest & amortization
Net
profits taxes
excess
figures
The
$4
Balance
and
413
:■
:
3,250,000
•
year
operating reserves
interest in Muskegon Motor
Co.
••
5,169.833
Miscellaneous
ties
1,467,042
.
.
basis to the nearest full share.
f3,532,724
$307,594
taxes———
operating revs—
•Other income—net --V
$1,499,751
V-
material
war
and Fed¬
Canada 'income
and
rehabilitation
for
4.943,725
224,325
on
the current
Dominion
profits
gCapital
i
$454,113
company.
manufacture, for which sizable orders have already
been received, he said.—V.
161, p. 1426.
v 193,809
,
4,609,559
Govt,
1,315,000
for
payrolls,
Minority
2,643'
■
adjustments for renegotiation, net profit in the March 31,
lines
1,465,173
374,090
Net
—
Clark, President, said the company and its subsidiary
operating at full capacity with a present backlog of war orders of
approximately $10,000,000.
The company is preparing for several new
acquis.
taxes—
-
781,304
1,521,829
16,150
income
.——
not available, owing to adjustments necessitated by renegotia¬
are
quarter
5,183,843
6,088,619
75,927
126,482
adjustments
Federal
1945—12 Mos.—1944
479,732
S.
contingencies
Rensselaer W.
128,600
plant
2,043
231,941
are
78,732
Maintenance
Depreciation
inc.
refunds.
quent
$1,411,590 $17,624,042 $15,650,811
$1,551,331
revenues
parent
share
per
tion
Gulf States Utilities Co.—Earnings—
Operating
Operation
22
59,579
,
—
profit after taxes_——
ended
1945—Month—1944
of
year
system.—V. 161, p. 2109.
Period End. Jan. 31—
and-
Accrued
$1,736,378
wholly-owned subsidiary
Comparative
in
either
of
for Fed.
Net
and
$1,200,000
profit
Earnings
handled
traffic
U.
contracts
.
roads in 1941 it estimated additional gross earnings of
additional met profits before taxes of approximately
a
normal year because of its ability to influence the
longer
hauls on
traffic originating or
terminating on
two
$2,700,000
$513,714
amortization
—
loss
Prov.
obliga¬
told ICC fixed charges
under the trying con¬
'-'even
met
45,483
———
Net
optioned to
The
share.
outstanding equipment trust
all
could
would
price
a
purchase contracts of the Alton.
plan is made effective, the company
or
the
the
on
50,000
management
9,569
profit before deductions
Interest
$1,750,000 6%
preferred stock and $114,200 common
stock of Kansas City, St. Louis & Chicago RR. which is publicly held.
for
exchange
from
excess
$1,690,895-'
$504,145
;
Income charges
Depreciation and
bonds in
B
proiit
income
Gross
that interest becomes due and
to extent
$12,000,000 $12,000,000
*
—-
Reserve
of applicable income.
payable out
Gulf
Operating
Other
receive
pay
—,
facility contracts.....—
Due U. S. Government on renegotiation of war
production contracts
Estimated renegotiation refund on war produc¬
eral
protective committee of Chicago & Alton RR.
Gulf plan holders of 3%
Chicago & Alton bonds, due
a $500 series
B bond and 7 V* shares of common
stock for each $1,000 bond.
Series B bonds will mature Jan. 1, 2044,
the
Under
—
payable
Government.....
U,~ S.
Advances
bondholders'
1949.
.
payable
and
common and $24,539,200 series B general mortgage income
enable it to carry out its agreement of April 26 with the
pan
bonds to
(no
Total
.
$11,601,000 in 1944, $13,410,000 in 1943 and $17,600,000 in 1942 (after deducting debt retire¬
ment
and post-war credit of $1,289,000 in 1944, $1,490,000
1943
and $1,955,000 in 1942).
tlncluding wages and salaries of $57,185,790
in
1944, $51,669,987 in
1943 and $45,558,658 in 1942.
deluding
premium paid and unamortized discount and expense on funded
retired of $33,943 in 1944, $190,631 in 1943 and $247,522 in 1*42.
•Includes
Federal
excess
profits
taxes of
•
.
1944
.
1943
•
" $
and on hand—
~
36'932,815
securities-^—9,846,922
Assets
Govt,
S.
.>•
the
.rTT^'VJn
(net)-,——.—
Other marketable securities
®
*
26,333,883
Cash in banks
U.
Harold Hawkins, Secretary, said
on
what use to make of the remaining
added that the purchase of Sullivan stock
13,431,124
17,470,520
16,017,918
60,207
mining companies (net)--———
profits tax refund credit—,—
2,485,146
1,793,755
company and its
114,371
accounts receivable—————
and
"Notes
tInventories
Finished
funds,
-------
-
semi-finished
and
from
Due
u
in
employees
products
steel
investments and
assets—
424,290
93,671,008
40,680
1,171,792
385,437
———
equipment-
and
payable
interest
Accrued
taxes
8,411,524
...
salaries,
Accrued
wages and
bonds—;
commis
(other than Fed. .inc.
2,597,859
7,839,680
taxes)—
Accident compensation
32,500,000
>
10,782,762
62,500,000
57,088,191
—
Operating and contingent reserves——.
Capital stock (1,633,105 shares, no par)_
Earned
surplus
„
Total
——
—
10,612,918
62,500,000
54,283,025
184,723,979 183,380,847
—
-
-
claims and allowances of $649,700
reserve of $900,000 for possible
decline in value of certain inventories.
tLess reserve of $489,950
•Less reserve for doubtful balances,
1944
future
in
and
tLess
1943.
in
(ilncluding expenditures at Dec. 31,
facilities subject to special amor¬
SLess U. S. Trepsury tax notes at cost and accrued interest,
1943
1944,
$886,193
and
$314,071
$14,822,761
of
tization.
in
for
International Railways of Central America—Earnings
Period End.
Net
operations
362,501
•
265,696
♦
1,269,349
1,133,570
——
276,768
198,586
973,016
income.——
Net
oper.
$2,664,639
$2,828,980
268.972
697,046
894,238
11,291
> 42,008
rents
Net
.
t
$238,269
$146,142
$816,062
161. p. 2110.
I
8,035
$668,288 v $1,956,302
$331,319
inc.——
oper.
ry.
interest
$1,892,734
.
Railway—Bonds Authorized
Kansas, Oklahoma & Gulf
The
ICC
,
exceeding
issue not
16 authorized the company to
May
on
mortgage bonds, 33/8%, series 1980, to be sold at
99.059% of par and accrued interest and the proceeds applied to the
redemption of $4,450,000 of first mortgage bonds, 5%, series 1978.
The bonds were offered for sale through competitive bidding and
first
$4,400,000 of
number of bankers, banks,
companies, the bidders to specify
the rate of interest to be borne by the bonds in. multiples of oneeighth of 1% per annum.
In response thereto four bids were received.
The best bid, 99.059 and interest, based on a'rate of 35»';
per annum,
was made by Halsey, Stuart & Co., Inc., and associates and has been
trust
bid
to
invitations
companies
sent
were
life
and
$915,502-
•
to
large
a
*'
'
Dividend of $2 on Series
plan for those employees with 24 months or more service who are
earnings $3,000 or more per annum.
The plan, which goes into effect ;
retroactively with the fiscal year ended Jan. 31, 1945, provides partici!pants with retirement benefits at age 65.
These annuities, augmented
by Social Security benefits, will give them substantial payments in
their later years.'
-'-v
■':
''.v
.'•%
The entire cost will be borne by the. company and po employee will
be
required to contribute in any way.
The company's, intitial esti¬
mated
for
the fiscal
contribution
year
ended Jan. 31,
1945, was
$134,063.
The annual contribution, With certain limitations for the
protection of stockholders, will be 5',!- of consolidated net profits,
before
deduction
of
Federal
income and excess profits
taxes ancl
the deduction of any contribution, but in no event in excess of,
of compensation of eligible employees.
The Chase National Bank
the City of New York is trustee for the fur.ds.-^-V. 161, p. 2110.
l.m
before
May 17 declared
on
share
record
of
1
v
the
on
last.
May 26.
and fair
Sept. 8, 50
P. 2220. ■'
stock, no
cents
1944
were
each;
of 50 cents
8,
year-end
a
'%■'/%
■
75
cents
per
8 to holders
made on March 12,
was
March
follows:
as
of
10,
of
and
161,
9
June
$1.25.—V.
' 1
(M. W.) Kellogg Co.—Earnings—
Statement, Year
,
Swank, director of manufacturing, has
161, p. 1882.
• •'/
been elected Vice-
President,—V.
Joy Manufacturing Co.—Quarterly Report—
J.
D.
A.
The board
ized'the
stock
j
Morrow, President, states in part:
directors at
of
sale
of
a meeting held on March 15,
1945 author¬
shares of the authorized but unissued capital
100,000
of
the company.
shares at $24.50
Arrangements have been made for the sale of
these
per share, less selling commission of 1%.
As
of March 31, 1945, 49,000 shares of the aforementioned
100,000 shares
of
stock
have
been
issued
and
were
issued
shares, 21,000 shares
shares
30,000
applied
toward
the
of
Sullivan
made
to
the
purchase
Machinery
sale
Co.
pursuant
the
by
these
of
outstanding
of
remaining 51,000
April 2, 1945 and
the
for on
awaiting approval of the
the proceeds from the sale
stock
shares
to
shares
will
is
be
capital
purchase
the
of
offer
an
It
SEC.
of
stockholders
of that
company on April 7,
1945.
Any
applied will be used for the general corporate purposes
company.
" %
proceeds not
of
Of
are
that
proposed
for.
and paid
paid
the
so
Just before the close of the
quarter we paid off all our V-Loan,:
borrowings and terminated that credit.
Concurrently we arranged a
temporary $1,000,000 line of unsecured credit with our banks and at
the
quarter's
this
credit.
end
had
borrowed
$500,000
for
current
Co., Inc.
The Commission
oonfined in its operations to those
public utility system or to those of a single
integrated system,-together with such additional systems as meet the
requirements of Section 11-B (1) of the .Act.
The hearing is to
determine
what
action, if any, is required to make the company
comply with the provisions of the Act.
The company is given until
June
1
to
file
its answer
to
the allegations of the Commission,—
Consolidated Income Statement, 6 Months Ended March 31
/
Cost
of
v.-
1945
allowances, and discounts—
Selling,
income
Total
and
general
State
income
income
Net
510,779
$1,068,088
$1,354,362
62,134
V.
$1,401,608
—23.751
less postwar refund.—. "
722,300
taxes,
35,196
Gross
profit on construction contracts--—2
923,900
53,500
tax
~'
■
'■
•
Gross
Gross
profit
on hand
Sheet, March 31,
4eE.°^ee.8
$*>691,375;
other
cost, $11,757;
r
equipment,
notes
emergency
Net
•
'
"
'
' '
'
I
payroll
total,
deductions
of
at
cost
one
income
Provision
'
0
'
$2,911,961;
for
withholding
reserve
for renegotiation
earned
To Borrow
(after
plant
a-nd
reserves
for
the
939,098
June
revenues
and State
for Federal
taxes
___
on
7,635,535
income-
^—•
paid (preferred, $43,305; common, $480,454)—_
Dividends
'
Net.
Dec. 31, 1944
$1,960,006
522,759
deferred
$3,813,133;
banks,
expense
and
total, $29,100,209.
charges, $62,182;
receivable,
142,000
6,770,399
1,627,895
813,963
1,799,359
135,683
1,719,193
1,313,920
$162,975
$174,518
$2,819,613
$2,068,891
HiT
548
8,030
Brl50
$163,122
$175,066
$2,827,643
$2,068,741
102,876
1,692,588
1,241,166
$72,190
applicable to preferred stock—
$1,135,055
$827,575
356,532
356,532
res. approp.
revenues.__
(net)
78,280
161,
$84,942
1883.
p.
-
%
Louisville Gas & Electric Go. (Ky.)—Weekly
output of this
29,396,000 kwh.,
corresponding
1774,
1883,
week
2002.
year,
decrease
a
the
annual
Wolcott,
earnings of
poor
Office
this
informal
also
told
application
Stock
for
•
Exchange
officials to
the
has
Robert W.
for the
has
on
the New
Exchange
Stock
the
by
made an
stock
common
advised
1945
-
.
Lukens
that
application.—V.
~
'
.
its
of
been
15,
May
on
the first half of its
in
stockholders
listing
and
make-'a formal
1657,
Price' Administration
.
Wolcott
York
held
of
company
fiscal year.
■■-'•Mr.;
pp.
/,/.../■
Listing Application—
meeting
the
161,
0.2%.—V.
•'/
stockholders'
President, blamed
relatively
of
and 2222.
Lukens Steel Co.—To Make
At
$72,256;
Output—
ended May 19, 1945.
29,451,000 kwh. for' the
week
with
compared
as
last
2111
the
for
company
769,990
^
v.'«,
Electric
■
161, p. 2111.
Lynchburg Gas Co.—Correction—
The
Lamp Corp.—To Dissolve—
the
stockholders on May 15 voted to sell their incandescent lamp
manufacturing plant at Owensboro, Ky., to the Westinghouse Electric
& Manufacturing Co.
(now Westinghouse Electric Corp.), Pittsburgh,
for 35,130 shares of Westinghouse stock with a present market value
of about $1,200,000.
They voted also for liquidation and dissolution
of Keh-Rad
as
soon
as
the
deal
with
Westinghouse is completed.
The corporation's assets used in the manufacture of radio tubes were
sold recently to the General Electric Co., Schenectady, N. Y.—V. 160,
p.
67,063
6,615,859
income
totaled
accounts
Ken-Ilad Tube &
141,232
70,396
income
Dividends
—V.
j:-;
payable, $1,200,219; credit balances in
provision for possible renegotiation of
war
contracts,
$830,935;
provision for Federal income and excess
profits taxes, $8,365,634; Federal income taxes and other amounts
withheld from employees, $298,944; due officers and employees, $13,897;
other
accrued
liabilities,
$276,323;
uncompleted
contracts—excess
billing, $826,813; reserves for contingencies, $2,650,841; first preferred
stock, $597,100; common stock, $191,400; class A stock, $57,430: class
B
stock, $221,985; earned surplus, $13,496,429;
total, $29,100,209.—
v. lei, p. 9.
r,
V;■
Liabilities—Trade
accounts
218,236
income
Net
1945—12 Mos.—1944
475,247
Interest
'
,
working funds in
hands of. employees, $58,613; investment in U. S. Govt, certificates,
$10,007,293;. due on contracts and orders (less deposit, $350,000),
$4,049,085; billed but not due until completion of cdntrncts, $2,482,204;
subsidiai'y and affiliated companies, $78,939; officers and employees
(less
reserve,
$443),
principally expense
advances,
$21,517; other
accounts receivable (less reserve, $8,917), $32,834; uncompleted con-,
tracts—unbilled
costs, $3,896,356; inventories, $389;390; investments,
$162,102; excess profits tax post-war credit, $1,846,848; notes receiv¬
able
from
employes,
$4,802: property, plant and
equipment (after
reserves
for
depreciation and amortization, $2,497,792),
$2,494,911;
in
452,90)
—
—
oper.
Gro«s
'
$993,743 $13,596,523 $12,722,559
$1,046,566
tixes
Prop, retire,
Other
*
'
Co.—Earnings—
1945—Month—1944
—
expenses
Federal
975,952
i—
A
Operating
$10,571,493
charges
25.
Operating
earnings
published in
months
12
ended
Dec.
ended
31).
Mack Trucks,
the
March
See
V.
"Chronicle"
31,
161,
1945
for
of
21
May
(not
1944
are
for
those for
months
12
Inc.—Earnings—
1945
1944
1943
$3,177,299
$3,147,730
S3,959,469
2,380,000
2,360.000
3.190.000*
125,000
125,000
125.000'
$672,299
"$662,730
$1.11
$644,499
;
profits taxes
Reserve
2738.
and
2222,
p.
Quarters Ended March 31—
Profit before Fed. taxes and
conting.
Prov.
lor
Fed.
income and excess
vate Sale of Bond
taxes
for
refund
and
war
Federal and
for
bonds,
State
preceding
year,
$33,965;
taxes
based
$2,092,128;
In
The
contingencies—.—
!
18, that
of
borrowings up to $5,000,000
stockholders authorized May
17, about $1,500,000 will go to
\ ■
of
was
New
York
bonds bearing 3.1%
The
Maltbie
been
also
and
the
referred
to
the
the
tive
sheet
indicated
"a
depreciation
The
reserves."
proposed issue
standing
debt
Maltbie stated
accounts"
made
to
the
to
was
be
used
of
more
than
^
to
refund
$2,000,000
Dayton
best
possible
terms from
•
and
of
$1.12
$1.07
&
Trust
proposes
price and
161, p. 769.
1
Co..
agent.
paying
70
Broad¬
p.m.
amount
an
Power
of
Co.—Sale
Properties
Ohio
of
sale by
nroDefUes
Exchange Commission has approved the
certain
of
&
to
its
issue
use
electric
Light Co..
finance
outstanding,
—V.
sliort
the
the
3Va %
light
for
term
balance
Proceeds
first
a
and
base
notes
with
of
to
consideration of
provide part of the
cash. Marion-
treasury
the
mortgage
p^wer
cash
sale to redeem1 its
due Feb. 1, I960'
bonds,
w
v
in
r
the
company's
Marshall Field & Co.—Co-Transfer
Agent—
out¬
$4,250,000
^he
of
to
purchase
The
that
obtain
it
^r^i,rcp°8es *°
$7 750,000
bearing 5% and 6V2% interest, and Mr.
despite the "unfavorable aspects of the company's
refunding would be desirable if every effort had been
of
Bank
Y., will until
to
Dayton Power
$7,950,000.
that
deficiency
/
Hanover
sale
Securities
company
Ohio
company
fact
the
Marion-Reserve
entitled."
said
Central
New York. N.
for
The
recently utility companies have
large amounts of outstanding obligations through competi¬
bidding at advantageous terms.
He stated that a review of the
balance
shs.
com.
(EWT), June 11, 1945, receive
20-year sinking fund bonds
due Feb. 1, 1957. sufficient to
exhaust the sum of $246,057, at prices
not to exceed 102 Va and
interest,1—V. 160, p. 1738.
has not exhausted all means
of obtaining the best
possible terms "such as might be had if the
issue were disposed of through competitive bidding."
The Chairman's
opinion reviewed the company's balance sheet accounts and financial
structure
597,335
bids
"The company management," the opinion cohcluded, "has been dere¬
in not meeting the situation fairly and squarely many years ago.
has not given to the preferred stockholders the consideration to
have
on
142H.
p.
way,
lict
thev
—
sh.
per
Manati Sugar Co.—Tenders
Sought—
to
interest.
taken.'"
It
pi'Oiit
101,
denied
authority May 23 by the Public Service
issue privately $4,200,000 of first mort¬
Milto R. Maltbie, Chairman, writing
the
Commission's opinion,
said (hat while the Commission did not
insist that the company put its house in order before refunding its
bonds, "the interests of the preferred stockholders and fair dealing
require that a
complete financial reorganization should be under¬
company
Commission
v.
—
the
refinancing.
Guaranty
transfer
agent
Trust
for
Co.
the
4
of
New
York
V*cumulative
has
appointed coshares.—-V. lb »
been
preferred
20C2.
p.
On
the
company's capital stock set-up there is $4,403,600 of preferred
outtsanding upon which there are unpaid dividends of more
than $415,000'.
The face value of the stock, it was revealed, is more
Massachusetts Investors Second Fund,
stock
$5,000,000—
i
Net
Earns,
Issue—
refunded
current liabilities,
commt>n stock (par $1), $433,100; paid-in surplus,
surplus, $2,805,464; total, $10,405,975.
^Company announced May
which
.
,
15-Cent Dividend—
May 23. declaimed
on
Period End. March 31—
$9/632,395
:
income for year
Net
Mr.
banks. 4872,500; accounts payable,
payments^on uncompleted sales contracts, $158,645;
$202'500;
retired.—.
.
Louisiana Power & Light
2,206,073
'
year, $45,866;
patents, at cost,
prepaid expenses and deferred
™«^bilballk! (less P°rtlon included
*
Gellersen,
A.
outstanding common
recqi'd
$1L838,468
(net
credits—.
income
which
$690,927), $723,676;
$67,887;
$10,405,975,
liabilities, $292,898;
Income and
on
'
the California fruits division,
William
a dividend of 15 cenfs per share
stock, par $1", payable July 14 to holders
similar distribution was made on Jan. 9, last
and on
July 15. 1944, as against 12V2 cents on Jan. 15, 1944.—
V. 160, p. 433.
-:;/•:• Yrv;'.;/;-/
of
$932,183
tfom operations——
profit
income
at
*cKaob1IiiUie!rNotes payable t0
lvapce
accrued
succeed
to
-
directors
the
on
2,187,386
1,255,203
;
——
profit from operations-
Oilier
inven-
Machinery
purchased for distribu-
tax- 4107,239; property,
facilities,
amortization
a'n°r*ization>
$97,278;
stock
receivable, due after
4Un1 0f excess profits
incl,
$11,039;
incenfcive compensation plan, 936 shares
r
Installment
depreciation and
charges,
$1,146,999;
notes and accounts
receivables,
purchase of Sullivan
company's capital
»
1915
and demand deposits in banks,
savln*8 notes- series C, $500,000;
41.200,500;
'
1
Balance
Pi n^Lc„ash reserved for
'
$389,010
$340,871
(net'*
525
2110.
p.
director
a
"Loft Candy Corp.—To Pay
$10,906,285
special manufactured products
on
Operating expenses
gage
^
161,
The
Special manufactured products:
Gross sales, less returns and allowances
Less cost of goods sold-.—
Kings County Lighting Co.—Commission Denies Pri¬
income
A*8e£—Cash
elected
been
47,244
$1,130,222
—_
income—;
Consolidated
»t
5,965,702
——,———43,300
and
paid
Federal
■yi-'
526,470
expenses.-
.i—————_
——
profits
Interest
.
$7,830,843
5,620.620
administrative
Operating income
Other
1944
,
$7,215,17.9
sales.
-
Leroy J. Taylor, General Manager of
has
•
•
-
Libby-McNeill & Libby.—New Director—
^
''
-
integrated
1773.
161, p.
;
31, 1944
,
<
proceedings)
its examination the holding
the basis of
stated on
"
^
(integration
system of Koppers is not
single
a
V.
"
(1)
Company Act with respect to Koppers
Public Utility Holding
the
11-B
Section
instituted
has
SEC
The
under
,Tlie
Sales, less returns,
proposed bond issue, the interest rate and the
ings Under Holding Company Act—
billings, less returns and allowances—
$98t262,270
—87,355,985
under
uses
'
,
Less costs billed
Assets—-Cash
"
1
.
.
Koppers Co., Inc., Pittsburgh—SEC Institutes Proceed¬
of
/.
,
•.
•
Balance Sheet,
Claude V.
the
on
'
'
•
Ended Dec.
Construction contracts:
\
Johnson & Johnson—New Vice-President—
-
Competitive Bidding—Company on May 24
notified the SEC that it would seek competitive
bidding
Seek
To
Other taxes
payable June
value,
par
Dec.
and
dividend
its bonds,
undertaken."
be
\
that the company put its house in order
the interests of the preferred stockholders
dealing require that a complete financial reorganization should
insist
not
do
we
refunding
before
Personnel—
Quarterly Payment;—
quarterly
a
A distribution
in
price is obtained.
"While
5.
Bloch, Export Manager since 1934, has left for England to
Director
of Kayser-Bondor,
Ltd., a subsidiary.
H. Gordon Mullen has become Export Manager, Charles Lichtenherg'
Executive Assistant and Paul Gretsch Merchandise Manager of Lin¬
Gross
declared
common
Payments
best,
best
Managing
Gross
at
bidding
preferred stockholders whose dividends are in arrears, to obtain
price; and it is the duty of the Commission to see that the
the
a
(Julius) Kayser & Co.—Changes in
Income
3.1%
of
rate
competitive
the
Samuel
became
Other
have
■
to
will not produce a lower interest rate or a
higher price.
Of course, this is a matter of opinion, and it is hot
supported by the experience of this Commission.
If better prices can
be obtained than those proposed, it is the duty of the company
in
the interests of its security holders and particularly in the interest
of
15%
directors
sni
^
C Shares—
dividend of $2. per share on the
series C 6%
non-cumulative preferred stock, par $100, and the usual
semi-annual dividends of $3 per share on the series A 6%
cumulative
preferred stock, par $100, and on the series B 6%
non-cumulative
preferred stock, par $100, all payable June 1 to holders' of record
May 19.
In 1944, the company paid $2 on June 1 and $4 on Dec. 1
on the series C shares.—V. 161, p. 2220.
V
.•
• *
' . v
r
directors
The
This corporation which owns
and operates 40 department stores
throughout the country, announces the adoption of a retirement income
The
comnetiH,,
private
price to be determined by the successful bidder.—V. 161
p, 2221.
'
•'
•'.■J
•
geries.—V. 161, p. 1882.
Johns-Manville Corp.—Larger
for
insurance
accepted.
Interstate Department Stores, Inc.—Retirement Plan—
of
through
proposals
purchase the proposed bonds, bearing an
par, is the best that can be secured and
the offer
that
and
terms
161, p. 2110.
"
1,460,271
fixed
for
securities
of
not. believe the companies
cua
company
*
charges
—v.
$945,295
171,713
4,274
,
railway
—
avail,
Income
$828,668
revenues
from
1945—4 M©s.—1944
$3,109,079
$2,985,369
1945—Month—1944
$651,727
April 30—
oper.
rev.
$557,306
>
that
1944.
emergency
$1?,191,214 in 1944 and 313,549,527 in 1943.—V. 161, p. 2110.
Railway
770,000
168,000
400,000
taxes--
inc.—(net Dr)__
Jt. facil. rents (net 0r)—
,,
11?,852
34,340,000
104,317
payable with one year—
debt—
it
.
247,050
2,529,766
7,277,783
243,750
2,375,0 0
710,000/6.72,000k
175,000
income
taxes—
Railway
9,521,236
1,956,217
/
2,655,896
—
on
SReserve for Fed. income and excess prof, taxes
in
8,885,77
$5,875,980
—V.
Accrued
Funded
7,709)085
$5,324,639
*.950,600
Equip,
Liabilities—
Accounts
2,291,972
$1,883,295
Other
184,723,979 183,380,847
—:
Total
1,889,598
""$1,132,306
Federal
2,566,608.
1,120,000
85,303,375
Intangible assets————38,028
Deferred charges
958,732
plant
sale
has .rejected
Commission
asking for them had obtain^
as
good terms as they could have secured, and in every case wW
private bidding had been denied and competitive bidding subsiiti
better terms have been obtained, he said-,
r, •"
.
8Utute(*
"Whether a private agreement made without any competitive bin
ding is the best that can be obtained is obviously a matter of ooinbm
hiHo
until bids h»vp been received: but there is one ereut advantage oa
have been received; but there is one great
a«
competitive bidding from the standpoint of the Commission a,,a ?:
company officials," the opinion continued.
i "We have had so much experience with competitive bidding and
benefits to the cempany under our jurisdiction have been so great
that there is no longer any question of the practicability of comoeti
tive
bidding and that /this means
will obtain better terms than
private sale.
...
!.
"Company officials insist that they are unable to obtain better
because
•
,
.exps,___.
Railway oper
v
Post-war excess
§ Property,
.
the
discussed
Maltbie
Mr.
bidding-. " The
.
Investments
tOther
Ry.—Earnings—
Net rev. from ry. oper.
working
of
respect
•;
$3,500,000 d-bit .
will give Joy full control of
subsidiaries.—V. 161, p. 1882.
'; ,-y^/
Kansas City Southern
,
15,241,457
19,269;215
17,733,296
advances,- etc.-——!———--—
in and advances to associated ore
Co.
press
>
>
fr<M*Vthe^ Adams ®x-,
^e hirectors _will yote later
the Sullivan Machinery Co,i
buy 53,800 shares of
Dec 31
Consolidated Balance Sheet,
•'
Monday,, May 28, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2334
■than
dend
the face value of the company's
rates vary from 5% to 7%.
The' directors
outtsanding bonds and the divi¬
,
on
the
June
.
*
t"
20
capital
to
Inc.—Dividend
May 21 declared a dividend of 11 cents per share
stock, par $1, payable from investment income o»
on
holders
of
record
May -31.
This compares
with 12
cents
v *
161
Volume
naid
Number 4389
March
cn
this year.
Payments in 1944 were as follows:
and Sept. 20, 10 cents each, and Dec. 23, 14 cents.
'
//-.
/'c,'.,V
is
HT
mic
santo
dividends.
The
teas and extracts.
balance sheet, dated Nov. 30,
other than
Also
speedy
Gross
exps.
from
earns,
Oper.
161,
p.
Other
843,545
10,219,785
$251,132
$297,641
$3,446,532
in
Cerex
is
in
Assets
and
suited
■.'
-
fixed
1945
12
Mos.—-1944'
$21,831,218
6,124,622
5,329,505
on
130.877
147,951
1,607,207
1,696,743
Act
125,000
175,880
1,869,830
2,054,289
$657,385
$765,582
$6,534,965
$6,626,059
25,750
5,140
121,063
133,285
$683,135
$770,722
$6,656,028
$6,759,344
207,947
2,499,978
2,472,787
$562,775
$4,156,050
$4,286,557
$572,854
$0.23
.957,534
957,534
$493,713
—V.
of
i
161, p. 2003.
Montreal
stock—
;
There
called
Bank
Mississippi
Power
revenues
Federal
472,673
233,096
157,678
1,255,818
69,839
698,629
;
stock,
61,000
732,000
■
'
4-
•
■
'
-
..
cents
on
on
June
15,
903,000
for
Net
operating
Nash
\
-
The
Gross
60,487
—
Net income
L
$2,432,916
962,723
950,969
$42,912
$1,470,193
RCAF
1943.—V.
on
terminate
full
impact
of
be
affected
$7,454,800
last
Income
taxes
335,455
*
of
income
Earnings
per com.
3,091,020
$1,148,711
25,049
$0.73
$0.97
sh.__
*
•
Misc.
Post-war
Land
income
cost)
(at
10,081,767
13,604,419
729,413
1,099,369
3,169,371
(estimated).——
2,430,614
————
—
...
Patents and
!
50,63^'^o
787,528
processes—.—!
■;
14,255,920
—
Buildings
Machinery and equipment-.
Phosphate deposits, less depletion——
Deferred charges
:
——
i
-
'
• :
485,325
—
—
2,323,364
599,453
liability—-
Brazil
Accounts payable and accruals*
Dividends payable
—
5,300,246
—
•
2,449,867
■>-:
715,002
1,167,795
2,804,089
2,424,643
14,199,121
50,036,636
773,968
1
620,051
Cash
1,178,825
34,068,695
Reserves for deprec., amortiz. & obsolescence—
Reserve for pensions
Due
Due
733,648
5,638,271
1,082,022
32,812,595
4,501,455
843,192
4,405,028
824,383
$4.50
5,000,000
5,000,000
5,000,000
11,000,000
5,000,000
11,000.000
12,678,680
12,785,126
17,528,931
12,675,560
cumulative
preferred stock Series C
Common stock
Paid-in
Earned
preferied stock Series A_
(par $10)__._—
surplus
surplus
——
—
12,769,921
17,153,246
New Thermoplastic—
:
»
company on May 24 disclosed it has begun volume production
Styramic HT, a new thermoplastic with remarkable electrical insuating properties, after six years of research undertaken at the reuest of the armed services..
•
'
Predicting that the new thermoplastic will contribute substantially
o the
development of electronic devices, Monsanto said Styramic HT
The
f
he
last"
10,
1943
$269,735
$539,663
profits taxes and adjustment:;
excess
v
earnings
distributed
were
income
net
profits
tax
in
1944
credit
Impact of
profits
excess
dividends.
as
due
was
carryover
the
to
had
taxes
that
the
exhausted
felt
was
*
fact
been
1944
in
British
in
the
layoff
of
including
bomber,
and
.
S.
but
inc.
col-
of
1,000
its
iri
for
Calendar
A-26
planes
the
Navy
-
Sales
.
Cost
$
73,304,638
79,390,638
6,189,630
4,017,901
2,667,822
117,349
151,373
50,576
79,100
804,757
432,630
658,450
150,000
85,706
10,266
110,947
251,441
-
3,750,000
3,258,938
1,692,806
370,000
1,373,345
-
1,064,368
771,529
1,428,530
Net
profit from
Other
income
from
U.
from
and in banks—
of
S.
—
for
refiners
other
._
and
sugar
raw
receivable
(net).
...
...
advances
——*
—
•
10,735.409
—*—
property—---
i—
trademarks—.—
and
Post-war
—
tax
profits
11,085,799
2,975,943
400,001
tax
—
charges.^
—
400,001
130,291
195,314
771,986
—
credit—
carry-buck claim
exoess
834,713
733,916
8,262,032
250,089
re¬
—
-
-
$5,025,261
1—
3,908,279
1,932,112
519,15.9
405,707
4,865,236
253,324
—-
(net)—:
Govt
1943
$9,813,506
1,300,000
5,504.157
638,930
.—--
Indebtedness
receivable
operating property—
Other
1944
operations.
1943
$1,436,434
/
1942
$1,812,911
'
$9,836,29!>
7.255,570.
567,505
$2,013,224
33,320
36,550
22,949
$1,469,754
—
$1,849,461
$2,036,173
—
charges
Interest
charges,
Federal
38,591
53,340
28,559
69.4HJ
104,812
surtax—263,814
and
260,958
257,981
_______
surtax
credit
&
post-war refund)
Appropriation for contlng. inel.
539,286
profit
(63,000
—
share
930,847'
843,562
50,000
$494,371
______
shares )_■_•—
'
/ «A_
...
$552,192
$8.76
$7.85
$644,558'
$10.23
Comparative Balance Sheet, Dec. 81
Cash
and
hand.
011
;
1944
1943
$531,172
receivable
notes
Inventories
;■
-'
_
bank and
in
(net)
1,031,033
2,710,788
—_——
___________
$589,426
931,332.
2,383,833
846,9401
25,263
U.
S. Treasury notes (serial C)__
Cash surrender value of life insurance.—
Trustees
and
value
rights
34,126
otlier»Bseets__—____________
sinking
Property
Water
-
re¬
negotiation of war contracts,—.
Per
"
100,818
and
profits tax (less debt
excess
retire,
2,335
43,942
76,006
etc.__
income
fund
585,047
472,859
10,314
5,143,539
5,062,953
1,788,717
1,788.717
58,504
73.351
account—.,
(net)
——
______
___________
Total
$11,882,926 $12,184,980
Liabilities—
Accounts
-
—
—
Trade
to
bank.—
—
-
payable
—
for employees'' purchase of war
ings
bonds
Dividends
payable
Provision for 1942 renegotiation refund—
Deposits
—
income taxes for prior
Federal
"Federal
Excise
$1,546,962
1,790,700
acceptances
Accounts
income
and
Interest
other
%b debs.
on
Of
taxes—.—
for
etc.——
debentures—
local
Accrued
Social
Accrued
—
——
-——
Capital stock—
5'/(, preferred stock of Pennsylvania Sugar Co.-,
Capital surplus.:
—
Earned surplus——
—
Total
28,611
218,587
190,000
510,000
576,900
1,378,034
16,707
879,106
1,219.063
10,314
Canadian timber rights
for
-
currently...
22,727
-
16,581
•
13.806
1.2f00,000
______________
*■
—
contingencies, incl.
for
war
"16,875
______
2
reserves
Approp,
of
taxes.
„
sinking fund payment—
Purchase obligation
Sundry
taxes.——
—
Liabilities not due
renegotiation
•
951
1>f
■
contracts———
•
50,000
Capital stock
3,363,693
—
Total
$11,882,926
——
6,300.000'
3,C>95.167
6,300,000
—
Surplus
$12,1^4,980
1,751,587
22,035
161,706
Edison Light Co.—To Issue).$1,-.-
Bedford Gas &
000,000 of Notes to Bank—
.
-
,/
i
23 company's proposal to issue $1,000,000
National Bank of Boston.
The Department of
Public Utilities of Massachusetts has authorized the issuance and sale'
The
SEC
notes
of
to
approved
the
notes
the
of
May
First
for
the
Indebtedness
$750,000
of paying off the company's present
the First National Bank of Boston nnp also
and betterments to the plant at
purpose
to
New
out propo.sed extensions
Bedford.—V. 161. p. 2223.
—V.
160, p.
to
carry
2650.
——
1,016,567
35,068
1,753,380
1,753,380
above
850,599
326,835
1,355,599
321,024
year
14.220,375
14,220,375
1,560,150
2,750,798
the week ended
For
of
May
18,
the' Xssociation
reports electric output
kwh.
This is an increase of 651,318 kwh., or 5.40li
production of 12,070,213 kwh. for the corresponding week a
12,721,531
ago.
Gas
output for the week is reported at 122,491,000 cu. ft., an
9,226,000 cu. ft., or 8.15't above production of 113,265,000
week a year ago.
increase of
cu.
7,336,893
$35,533,021 $36,336,838
Treasury tax notes; 1943,
Electric Association—Output—
New England Gas &
1,279,674
159,037
."1944, $1,887,900, less $1,311,000 U. S.
$3,016,567, less $2,000,000 of such notes.—V. 160, p. 2545.
103,157
9,867
for bond
102,022
1,560,150
2,811,006
7,633,793
239,327
income
for
$208,943'
700,000
Interest
Provision
Long-term debt
$301,625
—
capital stock taxes——...*,
Security
Provision
35,068
—-
1——
Penn. Sugar Co
contingencies
reserves
f
—
taxes
commissions,
Wages,
years—
$500,000
2,112,946
sav¬
—
.
808,723
Liabilities-
payable
'
—:
and
Accrued
119,969
$35,533,021 $36,336,838
——
;
and payrolls—,.___________
payable
payable
New
Other
$0.20
,
...
—;
profit
Notes
1944
accounts
Patents
4
$245,997
Nil
$0.08
Prepaid expenses and deferred charges,.
income—
net
Investments
Note
"$54,315
$54,777
S0.06
disets., allowances, (fee.) $11,206,572 $10,037,589
goods SOl(U——
9,214,081
7,676,022
Sell., admin. & gen. expenses
—
616,057
548,656
Investments
ex-
credit)-
Inventories
Idle
$32,211
*
(less
Accounts
78,007
796,619
763,402
1942
2650.
p.
$
98,591,320
78,007
594,195
195,000
1943
of
Net
1941
'
•
Other accounts and notes
Net
1944
Calendar Years—
Years
1942
$
1848.
B-24
Co.—Listing of Capital Stock
for
1945
taxes..
160,
p,
be¬
6hare—_ *:
per
157,
all
atyer
Fed.
President, said.—V.
(& Subs.)—Earnings—
Mar. 31—
etc.,
Wisconsin
" 1943
W. Muldowny,
Nekoosa-Edwards Paper Co.—Earnings—
said,
stk.
Certificates
Reserve
113,272,966 109,560,825
.Total
fore
propeller
following
termination
planes,
attack
117,369,175
allocated
466,150
Minority interests in subsidiary companies
cumulative
Dee.
and
Corp.-—Earnings—
Assets—
..
pfd.
hand
on
S.
U.-
Trade
Federal
445,000
—.
Deposits for returnable containers
S4
rev
Total
tax
Notes payable t-o banks in
decrease
averting
of
Assets—
Liabilities—
income
in
full
profit
Earnings
and
income and
Deferred
estimated
10
profits taxes (less
113,272,966 109,560,325
Total
Net
June
years.
these
first time,
charges,
plant, labor force
$
12,493,233
729,413
715,001
company
companies
refunds
-
on
be¬
Consolidated Balance Sheet, Dec. 31
9,954,053
receivables and deposits
tax
American
new
1944-
provision
post-war
11.9T2.334
3,101/313
—
subsidiary
associated
in
investments,
cess
$0.86
$
—
.
The
in
advised
Statement
Income
■->
taxes-
Federal
$1,269,296
11,397,409
securities
Receivables, less reserves
Inventories
!
:
/
on
Consoi.
"
Cash
Investments
if
excess
the
and
Net
he
Stock
1944
1945
Investment in British
to
on
1944
Natomas Co.
and
known
yet
other
Otherwise,
three
demands
succeeded
for
,
Subsidiary)
British
•
RAF
Sheets at March 31
Balance
(Excluding
$1,161,432
$0.76
schedule,
the
not
workers.
reduced
was
Air Forces'
161, p. 2223.
sales
Contingency
State
$1,132,859
to
which
of Penn. Sugar Co.—
Depreciation
—
$1,294,345
Crl2,721
$1,454,463
is
substitute
to
of
specified below
6,321,652
—79,664
Dividends
Assets—
Government
*
the
capital
holders of record May 31.
Dis¬
made
for income and
prior
decrease
Net
Consoi. income before de•ducts,
8,874
Consolidated
to
"Loss.—V.
termination
layoffs
propellers
York
oper.'
Interest
18,808
»
.
for
capital
net
128,487
$1,141,733
applicable to min. int.
Net
Consoi.
income
net.
revised
propellers
$
$4,513,852
90,722,
$1,473,271
Portion
the
Propeller Division's
corporation
Consolidated
191,891
3,380/300
of
undertaken
$4,321,960
$4,619,733
Under
Exchange has authorized the listing of 600,000
stock (no par), all of which arc outstanding with
the exception of 31,185 shares held-in treasury.
of
1,188,955
$4,284,278
2,389,000
*
3,724,143
(est.
declared
1746.
Quarters End.
15.
British
Army
;
$3,623,232
92,499
174.602
of
the
New
misc.
$5,272,016
——
the
contract adjustment,
month
the
after
398,621
128,968
229,338
charges
11
were
been
net
income
was
equivalent to 12.6 cents per share of
stock, after deducting 37 T to which the preferred stock would
entitled
1943
officially notified by the Army Air
propeller requirements for British
according to Campbell Wood, General
attributed
was
continue.—V.
The
$5,909,536
482,501
$3,494,264
$5,142,678
Income
$6,013,435
1,246,655
j 1,443,677
( 552,574
Other income
each
has
1944
The
of
National Sugar Refining
10.529,478
13,953,810
$5,490,515
2,312,122
\
.1
exps..
expenses
share
per
payable June
cents
Federal normal
1942
1943
14,572,976
18,418,855
—
and admin,
50
cents
—
company's
contracts.
Invader,
wiil
$25,873,655 $20,063,491 $19,967,245 $16,439,014
profit
Gross
Research
be
cents
25
taken
shares
Sell,
and
1943,
action
Companies)
1944
1945
Quarters End. Mar. 31—
-
$12,50,
of
157, p.
applicable
proposed effort to replace British contracts by revising and ad¬
production schedules, Mr. Wood said, would be similar to the
workers
Monsanto Chemical Co.—Earnings—
goods sold
15,
Germany.
of
bomber
(Including American Subsidiary
the
the
by
needs
Production
of
40
profit
common
justing
2649.
—
Dec.
on
of
"After provision
was
July
workers of the
lapse
each in November and June, last year.
Previous payments were 25 cents
about
1,000
The
Cost
18
negotiations may be
aimed at cushioning
will
corporation announces the declaration of a 30-cent dividend on
the common stock, payable on June 14 to holders of record May 28.
sales
May
types
;
Missouri Public Service Corp.—Larger Dividend—
Net
stock (par $100), $22,640,400; 6'i
cumulative prior
(par $100), $6,468,700;
$2 10-year preference
stock
$11,181,480; common stock (par $10). $11,549,280; earned
stock
par
('Net
2298.
p.
about
3.96,978
v
The
p.
160,
and
aircraft
160,
cents
curtailment
major
a
will
The
$564,575
266,856
$75,536
to
161, p. 2003.
—V.
50
fighter planes,
Manager of the Propeller Division.
said, Nash-Kelvinator's production
$1,515,544
90,923
-
preferred stock.——_
—
Dividends applicable
'
1944;
Treasury and accrued interest, $8,108,342),
insurance, service, adjustments and iniscella-'
for post-war adjustments, $1,200,000; 5l3fw
for
reserves
National Union Radio
Kelvinator Corp.—Curtails Propeller Output—
of
cause
—V.
15.
corporation
bombers
3,404
615
-
$136,023
income.
Interest
8,730
$133,835
980
—
$1,512,140
$2,424,186
$133,220
$135,043
revs..._
income..—.
Other
June
accrued taxes, wages, in¬
Federal, State and foreign taxes
profits under the Federal Renegot.la-
Calendar Years—
17 declared a dividend of 35 cents per share
slock, payable June 15 to holders of record
with 65 cents per share paid on Dec. 15, last:
•••
Forces
•
May
common
compares
$6,512,567;
of
Consolidated—Bonds
of 1st mtge.
on
par
This
35
re-
appropriation
serve
$10
1.
for
760,036
61,000
Other taxes.—.
Property retirement
June
1,229,196
70,813
.i—-
taxes
directors
the
on
$895,823 $10,841,578 $10,186,711
474,086
5,730,945
5,782,339
$972,625
expenses
Operating
The
1945—12 Mos.—1944
1945—Month-'—1944
Period End. Mar. 31—
Operating
Co.—Earnings—
in
notes
States
reserve
dividend
The
Light
claims
reserve
National Transit Co.—Smaller Distribution—
Muskogee Co.—To Pay 35-Cent Dividend—
&
United
par),
A
redemption on June 1, next, at 1013/*'
«fc collateral trust 3Va#> 20-year sinkingbonds due Feb. 1, 1956.
Payment will be made at. The Royal
of Canada in Montreal or Toronto, Canada.—V. 160, p.
1405.'//
fund
and
doubtful
(after
for
reserve
renegotiation
$815,026;
tributions
been
$188,000
inventories
surplus, $9,541,717; total, $80,156,390.—V. 161, p. 11.
*
have
km
for
preferred
($40
Called—
and int.,
and
(after
preferred
'
Light, Heat & Power
payable,
$4,385,398;
etc.,
necus,
.
earnings, a deduction of $150,000 was made for
reserve for contingencies, and before this deduc¬
tion, net earnings substantially exceeded those for any year in the
company's history.
The 1943 addition to this special reserves was
$325,000.—V. 160, p. 2648.
1944
addition to the special
(after
income
year.—V.
•
$16,780,018;
31,
receivable
reserve
$32,220,223; costs incurred in respect of
by Government upon completion* or
$74,501; investments and other assets, $2,014 940;
depreciation of $14,499,000), $14,545,472; facilities
Liabilities—Accounts
terest,
$0.12
depreciation
and
preferred
(after
reimbursable
thereof,
$5,861,821;
to
accounts
contracts
war
$909,475),
SI,795,673»,
of
Sheet, March
notes,
of
facilities
assets
prior
applicable
5,303,000.
S1.193.10G-
in the interest oi
national
defense during
the emergency
(after amortization thereon oi $2,270,410, $1,796,597), $143,735:
deferred charges, $80,156,390.
4,952,870
income—__
2,830,000
period
421,929
.
r
acquired
388,169
revs—
$10,803,976;
terminated
accounts
defense
199,422
Dividends
of
acceptance
5,338,055
(net)
1,128,320
$1,074,276
-Cash,
inventories
to
$20,302,927
—
V
.
Consolidated Balance
be
less
....
Federal, State and foreign income
profits taxes and renegotiation....:
income
There
can
evaluation
445,254
income
Net
1943
$328,005
1944
1943.
computing
exist.
quantities
for
for
excess
/ Net
•
$1,956,596
Gross income
productive properties in 1944 <and $710,048 for depletion and deprecia¬
In
and
highly
339,605
operating
Other
Corp.—Earnings—
Calendar Years—•
tion
to
cease
1945—Month—1944
Interest
"Consolidated net earnings.——
meet
$1,641,036
taxes..
Net
8,918,234
$2,408,094
Earnings available for B stock...—______
-After
a
deduction of $700,895 for depletion
to
86,428
$6,555,445
56,310
started'
HT was
expenses-
depletion reserve.-—
882.
Middle States Petroleum
Styramic
will go
Property retirement and
Canadian Currency)
8.90,676
earnings—
Net
-V.
oper.
of
output
-Earnings—
....
2,024,111
$6,469,017
77,230
deductions
Provision
revenues.—.
taxes..
1,825,611
$4,955,336
$5,032,3)6
respect
31—:
expenses.^.,1211*
ope rations.—_——
income
Other
re¬
re¬
products.
Period End. Mar.
Operating
Operating
1944—Month—1943
1944—12 Mos.—1943
$1,188,317
$1,035,077 $12,627,879 $12,364,766
and deprec.
entire
inexpensive methods.
However,
electronic -uses—V, 161, p, 2112.
Federal
in
war
Montana Power Co.
Mexican Light & Power Co., Ltd. (& Subs.)—Earnings
(Expressed
production
the
from
Total
and
special
1404.
Period End. Dec. 31—
since
case
quantities,
1.944
is be¬
limited to military applications is its companion
product, Cerex,
likewise withstands boiling
temperatures and can be molded by
which
of the outstanding 5%
20-year 1st mtge. sinking fund bonds,
A, due June 1, 1957. have been called for redemption on June 15,
1945 at 103 and int.
Payment will be made in Canadian funds at
The Royal Bank of Canada in
Halifax, Chariottetown, Saint John,
Quebec, Montreal, Ottawa, Toronto, Hamilton, Kitchener, Winnipeg,
Regina, Calgary, Edmonton, Vancouver or Victoria, Canada.
Approxi¬
mately' $3,300,000 of the bonds were reported to be outstanding.—V.
It'
Springfield, Mass.
little likelihood, Monsanto
said, that even small
immediately distributed to plastics manufacturers
All
P.
the
plant
1945
$39,429,950 $40,441,555
32,64),094
31,948,427
—
i—'A,
general
profit
Other
V'/
is
series
160,
been
pilot
customers
and
Net
adjoins
properties at
classified military requirements until these needs
Ltd.— To Redeem 5% Bonds—
Mersey Paper- Co.,
Division
by Monsanto.
to
sales.—.
Selling
„
has
.As
in
Defense
sales
Cost' of
Mon-,
thermoplastic was developed at the Springfield, Mass.,
laboratories of the, company as one of the results' of the
program begun in 1939.
.:
search
1
showed current assets of $4,387,087,
or about three
times current liabilities of $1,458,949.
Net current as¬
sets were $2,928,137.
-■
/ .//
the
Net
utility.
new plant, designed by
Plant
Corporation, which
a
new
search
'
for
Plastics
operated
ing
likely to find its greatest
/HT is being produced in
engineers
o
Its
seems
Monsanto's
'he
Earnings—
Three Months Ended March 31—
Styramic
general public.
;■
•
When the financing is completed company will have outstanding
49(5 shares of the 5'j
preferred and 36,001 shares of common stock.
company is one of the leading manufacturers and distributors of
spices,
(The) National Supply Co. (& Subs.)
means.
Sty ramie HT's most significant characteristic, however, is the com-/:
bination of this heat resistance with
high insulating efficiency in uses
such as radar, television and facsimile
transmission.
In these, Styra-
May 1 by Alex. Brown & Sons of 3,000
of 5% cumulative preferred stock, ($100 par), at
marks the first distribution of the. company's securities to
This
2335
noteworthy in that it holds shape and strength at relatively
high temperatures yet can be molded by the fastest and most economi¬
fering was made
$101 a share and accrued
M>1 >
i
•
also
cal
McCormick & Co., Inc.—Preferred Stock Offered—Of¬
shares
»■ } «
THE COMMERCIAL & FINANCIAL
CHRONICLE
20,
March 20, June 20
161, P- 1429..
_-V.
V
ft. in the corresponding
SEC Refuses. Stay of
,The
Gas
of
request of
Electric
and
all
Recapitalization Plan—
\)
t
the Associated Gas & Electric Co., the Associated)
Corp. and Gas and Electric Associates for a stay
proceedings
on
a
pending plan for recapitalization of tho
2336
New
;
i
;
-
■
Company
England
^
;
.
;*
denied
was
by- the
17
May
Securities
and
The
.The
three
companies, which have claims totaling $30,000,000 against
Association, sought to have the recapitalization proceedings post¬
the
until
poned
their
issues
regarding
been
the
validity,
extent
of
rank
and
for
indication
to
motion,
the
of
conclusions
our
Commission
the
on
the
said
claims"
"we
and
shall
endeavor
them
through an opinion to be issued as promptly as
possible, prior to the closing of the record on the pending plan and
prior to the issuance of an order or orders on the entire proceedings."
announce
—V.
161,
2223.
p.
■
Association
The
'
:-O;-
New England Power
;
■
V\'/'
kilowatt-hours available for its
territory for the week ended May 19, 1945, as 61,631,851, as compared
with 59,326,353 for the week ended May 20, 1944, an increase of 3.89%.
Comparable figure for the week ended May 12, 1945, was 59,842,613.
—V.
161.
of
its
outstanding
at
1962,
and
101
mainder
account
for
int.
these bonds
of
of
sinking
the
called
been
have
for
fund,
redemption
and
the
re¬
the same
on
and int.
105
Trust
;
10,
1945,
Ohio Edison Co.—Listing of Bonds—
1.609%.
Ohio Oil Co.
Sales
of
*
•
>
expenses-
Federal
Other
taxes—
taxes
Property
of income
retirement
operating
Other
478,353
253,994
payment of a portion of the purchase price of
approximately $4,400,000.—V. 161, p. 2224.
Total
Taxes '
.
Northern
approved
the
minor
of
294,500
294,500
3,534,000
3,534,000
$268,512
income
revs.—
$277,053
$3,823,827
$3,792,737
4,697
Drl0,205
35,051
$281,744
$3,813,622
$3,827,788
(net)
filed.J
the
covered
These
the subsidiary.
$268,512
treatment
interest
for Fed.
Interest
j
income—
161, p. 2003.
$1,929,526
$110,402
$1,681,475
369,541
$173,067
—
544,586
to preferred stock
per
profits
cess
taxes
LV:;.1 V-.->
,
RR.—Equipment Trust Certificates
The ICC recently authorized the company to assume obligation and
liability in respect of not exceeding $7,500,000 lva% equipment trust
certificates, to be issued by the Guaranty Trust Co.»of New York,
as
trustee, and sold at 99.3799 and dividends in connection with the
of certain equipment.
invited approximately 189
procurement
r
Company
the
for
purchase
certificates,
the
of
firms and institutions to bid
the bidders being required to
,the rate of dividends to be borne thereby in multiples of Vs of
bids were received.
The
based on a rate of 1%%
annum, was made by Salomon Brothers & Hutzler and associates,has been accepted.
On this basis the average annual cost of the
name
1%
per annum.
In response thereto two
better bid, 99.3799 of par and dividends,
per
and
proceeds to the company will be approximately 1.75%.
The report of the Commission iurther states;.;
of
As
S.
March
28,
Government
the
1945,
notes
as
a
had
applicant
reserve
for
invested
Federal
>i:V
$53,000,000 in
taxes, and
$85,433,200 in U. S. Government short-term obligations as
contingencies.
As of Feb. 28, 1945, its cash balance
reserve
a
for
in banks
$28,522,503.
On the assumption that there will be no extraordi¬
nary
reduction in gross receipts during the period March to June,
1945, inclusive, the applicant estimates its cash receipts during that
period at $332,006,172, its cash disbursements at $330,039,969, and
Its cash balance in banks on June 30, 1945, at $30,488,706.
This fore-,
cast, while providing for the debt retirement mentioned below, does
July
in
1
out
take
profits
consideration
into
taxes,
plus
payments
interest,
of
Canadian
have
:
be
to
the
assessment
paid
out
of
its
on
of
treasury
of
preferred
$13,608,883 less than at the end of 1932.
During 1945 the applicant has paid or expects to pay current-maturi¬
ties amounting to
$8,918,061, which will not be refunded.
It intends
to continue the debt-retirement
program and to retire thereunder in
1945
such
additional
amount
of
capital obligations bearing higher
interest rates than the proposed certificates as
may be practicable.—
V.
*
161,
2113.
p.
New York, Chicago & St. Louis RR
.Period End. April 30—
Grcss
Fed.
income
inc.
and
1945—4 Mos.—1944
$8,341,803 $32,858,494 $33,995,334
prof.
exc.
•■taxes.
1,629,500
railway taxes
operating income_
Net income
2,991,000
6,668,500
367,442
357,171
1,531,378
1,437,373
1,989,054
938,545
5,609,801
3,764,258
1,670,024
Other
Nei
Co.—Earnings—
582,417
3,866,922
2,352,570
Sinking funds and other
appropriations
Balance
—V.
to
8,333
140,000
574,084
3,726,922
33,334
*
2,319,236
161, p. 2224.
Periojl End. Mar. 31—
garage
revenues
maint.
$1,537,580,
revenues
inc. bef.
$396,701
tangible
Interest
be
of
Fed.-normal
exc.
for
post-war
and
prof,
from
consol.
tax
$4,248,439
90,029
83,532
998,425
151,154
1,843,463
taxes
322,039
income
The
14.600
17,800
226,796
surtax
tax
filing
returns
60,800
841,874
-
56,500
522,500
i
Depreciation
20,350
18,686
31,417
31,219
618
739
229,323
Other; income
(net)—
;Gros& income—
Income
V
433,205
8,267
7,129
$32,036
$31,959
$416,863
$440,335
304
1,942
15,286
43,969
deductions
Balance
Dividends
$•>1,732
—
dec'ared
on
capital stock-
161, p. 2004.
$30,016
$401,577
$396,365
176,260
88,130
Utility
the
in
1942
Gross
Net
•>
$5,620,763
3,573,748
1,737,205
684,455
658,696
24,590
22,217
r.
>
12,377
*
L
$1,137,978
$884,684
*'$707,113
requirement
for the
will
the
on
be
;
stock
i-<.
y-r
15,000
shares
$56,250. i-The
retirement of stich
premiums.,;
:
161,
y.r
(no
par)—,
div.
St.
Paul
the
ICC
north
to
Winnipeg, westerly
City, Iowa.
numerous
hound
points
system,
units
will
be
the
3%%.;"
and
Since
and
,
in
tnn
provinces
of
stock
common
in
series
of
r
/
■
with
the
public.
from
Iron
Range
and
issued
upon
.1
,v
♦*
),
such
as
motorbus
a
of
$6.50
system
in
'
Canada.-
convertible
conversion,
not
/
c
as
a
to
successor
acquired
pany,
..
Mesaba
conducted
the
by.
stock
set
-
on
Cost
y
vj ■
Corp.
the
at
&
Dain
Co.,
&
and
have
since
1929, the
&
then
;
v
■
of
in
&
Y
have
*
Inc
31,
$2,612,267; investments and advances, $819,248;
special
246,968; deferred charges, $177,905; total,
$12,059,537.
pronertv
funds
<si
'2
payable, $1,004,180; accounts
payable—eouiD$25,435;
accrued
taxes,
$4,154,425;
other
accruals
$28 126*
eouipment conditional sale contracts, $304,200; deferred
injuries
expense,
$1 '
post-wir
credits
and
d»mages,
$238,700;
$6.50
pay
as
for
reorganiza¬
line
the
of
the
New
nine-year-old
Haven,
the
record
Haven,
of
Commission/
4,300
pages
for
purposes
reorganization.
promulgated by the
$407,381;
preferred
reserve
stock
Co.—Extra Dividend—
(&
extra dividend of 25 cents per
25 cents per share, both payable
June
Subs.)—Earnings—
1945
$1,313,823
$1,743,789
1,068,492
1,080,176
.1,492,784
$139,013
$233,647
$251,005
18,025
18,793
27,333
37,500
interest
(net)
50,000
84,000
88,218
~~~
conting. and post-war
surtax-^
and
ment
50.000
Pacific
5,000
before surplus
adjustments
and
-
•
other
^crease in
—V.
161,
p.
$71,348
$74,322
Dr636
Cr4,W0
$72,421
period—
'
$85,834
Cr 1,073
adjustments
surplus for
1432.
2,862
other
——
and
2,520
"coasT"ce¬
Pro"t
-
8,270
Cr360
share
Corp.,
..Surplus
1°43
1944
$1,207,505
operations—
other
7
$85,198
,/■
-
•»
Electric Co.-SEC Refuses to At
9Sup Bid for Stock—Says Coi
0(1(1^0ne °ffeJ,to North American Co. fo:
'Reasonable"
mon Stoek and Spread Are Not:
Blvth *
Rnn
-
.
T
Stffi.S
t
"StiM 01 P"
2,500
Liabilities—Accounts
for
on
2,500
1944
intaneible
reserve
leased
J" lEfUmweCd0MPav't23e
Assets—Cash—demand deposits,
$657,658; temporary cash invest
ments, $3,740,572; accounts receivable,
$747,226; material and sun
piles,
$222,306;
tangible
property,
$1,835,388;
229;
a
$7,697,033
should
5,000
-122222222222
Sheet, Dec.
RR.
5,000
—
—
reapproved
*v
preferred
;
1—2
—
——
Co.-.,-.
Balance
extraordinary
Normal
V
>
purchase
from
and
Minority
and
Shares
,
Haven and
considered
Excess profits tax
opera¬
1936
>
—
Hopwood
.
.
Pennsylvania RRi, a common stockby a bondholder's protective committee
sold, oper. expenses,
depletion and taxes—
adjustments
com¬
operations
agreed to
shares of the
*
Co.—
/
—0
£
Provision for
com¬
routes.
1936, all
but
severally
numbers
it
the
goods
Profit
'f' \ -
Chicago by two
subsidiaries,
names:
Jaffray
31,
of
Bond
13,978
.
•.
Peabody
Kalman
M.
Paul
Dec.
until Dec. 31,
underwriters
591,874
$1,948,003
reasons for arriving at the price it
deprec.,
44
v
Illinois corporation which
company
were
liquidated, and
directly by the company.
Name—'
j.
On
an
New
Colony,
that
by
Quarters Ended March 31—
preferred
exceeding
>'•.*.
company's
company the respective
forth opposite their
Kidder,
Piper,
the
the
subsidiaries
Underwriters—The
the
Co.
Minneapolis and St.
the incorporation of
were
carried
Motor
all of the capital stock of
has
.
Sales
Company was incorporated in Delaware on
Aug. 15, 1929.
Shortly
after
incorporation it acquired all of the
outstanding capital stock
of Northland
Transportation Co. (Minn.), which had been
formed in
operated between
428,714
$2,057,823
A
declined to hold further
hearings
petitions
Pacific Coast Co.
carriers
company, by selling to the Greyhound
same number of shares of
common stock of
be
may
Commission
n
important unit of the Greythe coordination of separate
the
-
•
1
to
far
as
motorbus
1, of the
the
862,067
$2,539,876
.
New Haven and Hartford
shllle alriet?DrS h£VLe, d®flf,red an
Ju!p 13 tn stockholders dividend of
i
y
June
to
of
record
Minneapolis
southerly
other
Dominion
of
Commerce
-
The Great
conversion
"
'
■
Ox Fibre Brush
has owned "approximately 51% - and v
45% of the outstanding
company, the remaining shares
being 'V:
the
'.
approved
149,978 shs. f.
Northern Railway has
agreed
Greyhound Corp. against possible loss of control of the
the event of
$40 per share
pany as
shares.
Minnesota
an
Old
So Ani°ny;
approximately
of
703,718
$2,486,537
15,000 shs.
Michigan,
operates, through
The Greyhound Corp.,
by
several
15,605
3,401,944
New Haven.
i/ii
nw
» Outstanding
,
Mont.," and
is
Dr7,578
«;PProved ^ the District Court and affirmed by the
Appeals except for the portion dealing with the
disaPProving the Old Colony portion of the plan,
hnri
orrivoS^/■ cfPrt stated it was not clear how the Commi.ssion
rlnriori fhf r.«
.$7,697,033 purchase price. The latest report in-
'
the Greyhound Corp.
Northern Railway
Great
company,
the
It
1939
shares
of
connects
its lines.
on
427,500
134,000
"3,190,255
$2,061,291
0 exhibits to be sufficient for any
i!an J? reorganization for the;New
a
$30,000, exclusive
200,000 shs.
Butte;
as
Company
requirements
thereuDon
the
in
Glared
sinking fund
$304,200
which
controlled
states
Duluth
far
as
Sioux
$3,386,339
-
$2,488,791
common
denying
the
01
'>$624,242-
25,000 shs.
-
peninsula
upper
—i———
1885.
p.
of the
In
History and Business—Company owns and operates a system of intercity motorbus transportation in the States of Minnesota,
Wisconsin,
Illinois, Iowa, North- Dakota, South Dakota, and
Montana,
and
the
Province
of
Manitoba. : The
principal routes extend from
Minneapolis and St. Paul southeasterly to Chicago via Milwaukee and
through
$3,197,834
Dr7,578
Colony RR.
tion
Michigan,
Madison,
$3,185,834
incomei-L
___—Li—3,178,255
'689,464
Interstate
The
.">lv
—
stock
1,716,302
395,789
Old Colony RR.—ICC Reapproves Price—
The
432,050
of
annual
Authorized
series
1,687,000
129,000
1,772,900
1,490.000
1,772,900
H!e Old the New York>
R^ce
Capitalization-Giving Effect to Present Financing
Common
1,699,000
tax——'
income—
the
81,600
dividend
911.086
1,150,000
(net)
for
5,021,007
1,282,000
deductions—
stock
$14,204,525
1,282,000
129,000
income
Actual
920,191
surtax
operating
~
,
476,294
accruals
res.
1944
Actual
1941 V
•'
'2,075,990
•
and
profits
Other income
necessary
ment,
—V.
Retirement
sinking
$8,308,890
76,600
222,636
408.596
of
—V.
3,085,425
Cr70,300
u.
Operating income
•
Equipment conditional sale contracts—-,
Cumul. pfd. stock
(par $100)———
518,039
Cr70,100
excess
".
476,294
-
is¬
31.
80,500
redemption
318.699
Cr4,500
'
•
M
627,203
preferred i stock
requirement
of
Cr7.600
normal
•
1945
920,191
—
1
State income tax
2%
ex¬
—
annual
cumulative
295,920
*
amount
Dec.
4,686,289
3,631;119
:
Federal
noider
Net
1,688,363
26,066
.1
Maintenance
Federal
been
stated
exp._„—
traordinary
1945
$15,794,622 $15,794,622
6,329,401
6,329,401
General taxes
before
or
1946,
as
the
Ended
544,923
154
Prov.
1945—12 Mos.—1944
$4,481,045
28,659
#
Savings
$380,459
158,444
exps.
taxes
Years
5,394,674
i._
income
stock,
and
tax
exclusive of accrued dividends.
1944* ' *
>1943•
$11,212,176 $10,218,943
—
deprec.,'etc.
for
the
accrued
taxes and interest
surtax, estimated, $3,744 I
estimated,
$1,920,988; 1%% notes
income
provisions.
stock,
common
Earnings,
property
Prov.
from
expense
Other operating
General
Fed.
1945—Month.—1944
Operation
1953;
Also
Deprec. & amort, of in¬
1S38
and
on
have
optional
payments,
fund
Into
will
v.Y'<vv'. j■■■;
been
(& Subs.)--Earnings—
retire,
the year
theretofore
additional
fixed
sinking
is converted
tions
Operating
Equipment,
certain
the
exceed
stock
From
Notth Texas Co.
make
to
with
shall
issue
1,
this
Operating
at
payable, $4,782,550;
normal
revenues
Balance
1924
35,000
1,635,024
surplus
July 2,
redemption.
Pfd.
series
redeem
and
Federal
Operating
stcck,
of
Sheet, March 31, 1945
Pro Forma
including July 2, '
after
of
ex¬
$22,066,964;
12 Mos. End. Mar. 31—
Income
owned by the general
to protect the
1945—Month—1944
$7,897,239
which
,
1944 were
and
or
date
therefor
beginning
shares
also
to
not
available
year
of
may
payments,
3%%
to
bank6.
As
of Dec.- 31,
1944, the total of such obligations was
$858,180,288,
compared
with
$1,108,807,952
at
the
end
of
1932.
Interest charges on an annual basis on such obligations outstanding
on
the
to
tIncludes
of $98,432 in
1945
an(j
1945 and $529,298 in 1944.'
-
option of the company, on
redeemed
075
$0.40
Federal excess profits tax,
payable (due serially Feb. 11, 1947-1951), $9,500,000; reserve for
post¬
contingencies, $1,000,000; deferred liabilities, $340,749;
common
stock (6,563,377 shares, no par),
$59,235,791; capital surplus, $8 483
045; earned surplus, $39,345,952; total, $129,461,007.—V.
160, p. 2239
Purpose—Proceeds (estimated $1,455,000), together with other funds,
Net
taxes,
war
will be applied to the redemption of the 13,978 shares of the
company's
$6.50 convertible preferred stock, series 1, on July 1, 1945, at $110 a'
share and accrued dividends.
If none of the $6.50 convertible
preferred
cash.
During the past 12 years the applicant has been carrying out, as cir¬
permitted, a program of debt reduction, of which we have
been advised from time to time.
Under this program during 1944 a
net reduction
of $33,786,774 was effected in the
amount of capital
obligations of the applicant ond its lessor compantes outstanding in
the hands of
the public, including
amounts due the State of New
York on account of grade-crossing eliminations and amounts
payable
lor equipment acquired under railroad equipment
agreements assigned
cumstances
at the end of
calendar
number
Company
fund
1943
held
if
dividends
funds
excess
incomes, estimated at,
in
abeyance pending,
ruling of the board of referees, and the State of New Jersey taxes,
estimated at $1,500,000, the payment of which is held
In abeyance
pending the outcome of litigation.
In addition to these prospective
disbursements, the applicant has placed orders, '-subject to any neces¬
sary
authorization for construction,
for
a
substantial
amount
of
passenger and freight equipment, in addition to that to be included
in the proposed equipment
trust, a portion of the cost dl which will
$2,500,000,
1942 and
which
is
additional
the
thereafter, to
July 2
share
per
accrued
of
each
maximum
sued.
was
not
at
$2,953
$0.46
,
profits
accounts
539;
redemption prices:
To and including
redemption price decreasing 50 cents on
the
each
on
$100
Summary
income
Balance
$3,124,079
$0.60
.,
$129,461,007. '
for
obligated
to
.
refund
post-war
following
$104;
with
redeemable
be
at
and
at
case
'
U.
and
$1,107,394;
sinking fund at $100 per share and accrued dividends.
sinking fund for the 3%% cumulative preferred stock, company
a
the
will
at
1946,
and
each
summary
•
,
,
stock
1946,
1,
1953;
is
.*
excess
Oklahoma Natural Gas Co. —Earnings—
July
As
New York Central
...
,
Cr69
1,247,875
U.
S.
Treasury
tax
notes,
$7,640,000*
receivable, less reserve, $7,623,311; inventories
at
cost, $8,064,097; investments 2nd other assets, $4,550,949; fixed
assets
(after reserves for depletion, depreciation and
amortization of $193356,448), $8,533,863; deferred charges, $981,823; total,
notes
low:
redeemable
mV
(after
Consolidated
,
Federal
1944) amounting to $898,457 in
This is the second
'
#1,701,294
$3,954,573
$0.52
for
made
tl, 164,585
$3,411,230
—
by the Commission.
notice,
819.960
2,518,703
" 803,549
2,665,659
600,901
—■—-
share-
com.
provision
$58,811 in
of
was made in our issue of May 21 of the
offering of 15,000 shares of 3%% cumulative preferred
stock at par ($100) and dividend by Kidder, Peabody &
Co. and Piper, Jaffray & Hopwood.
Further details fol¬
in
$8,343,093
806,311
/
tax.,
profit
"No
igA,
$8,898,245
.638,270
11,664,921
Net
Northland Greyhound Lines, Inc.—Preferred Stock Of¬
July 2,
Net
Dividends applicable
—V.
2,146,313
1,884,095
171,342
95,445
'
_
inc.
Liabilities—Accounts
days'
iq£f
$8,008,181
334,912
775,435
Earns,
Electric output of this company for the week ended May 19, 1945,
totaled
45,257,000 kwh.,^ as compared with 40,942,000 kwh. for the
corresponding week last year, an Increase of 10.5%.—V. 161, p. 2224.
30
> C
1943
2,621,053
an
accounts of
reserve
granted
Preferred
income
Gross
$oc
.:•;>>>;■/
$8,650,761
> 247,484
$9,253,915.
774,737
certain
be
''
etc.
amendment
an
amendments
capital and
extension
granted
file
to
treatment
$9,827,967
——-i...
'
Minority
additional 30-day period from
to its plan of liquidation
accounts
of
its
subsidiary,
States
Power
Co., of Minnesota.
The SEC- on April 26
the company's liquidation
plan with the condition that
which
in
been
has
company
21
of
(April)
.
„
t
fered—Mention
re-
59,739
depletion-2,914,258
Other charges ——1,062,820
5,324,552
1,297,000
>
$9,194,176
Deprec. and
new
costing
concerning
listing
due
.
203,839
income—,
'
ProV.
3,068,127
3,149,465
'
appropriation—
serve
Net
571,936
13,088,741
13,793,022
4,442,227
269,847
—
1,178,500
-i———
taxes
.
1,137,917
-———
Chgs. in lieu
$2,482,400 $30,039,541 $28,808,157
$2,592,712
revenues
Operating
1944
$9,624,128
Other income
Weekly Output—
1945—12 Mos.—1944
1945—Month—1944
Period End. Mar. 31—
Operating
1945
profit
iy2% coupon, or a net interest cost
a
-
to
equipment
the
$20,210,788 $19,671,290 $17,940,607 $17 42P *in
mcoeti en
i n Ann 11 A
n hnn
10,586,660
10,477,114
9,289,846
9 420 1
sales.
other
company
Service Inc.—Earnings—
authorized
(& Subs.)—Earnings—
-
,
Cost
Assets—Cash,
New Orleans Public
has
Exchange
bonds 2%% series of 1945
outstanding.—V.' 161, p. 1885.
mortgage
are
3 Mos. End. Mar. 31'—""*
bids, all naming a 1'/a % coupon, were received at the
sale.
They were:
Harris, Hall & Co. (Inc.), 99.04;'Salomon Bros. &
Hutzler, 99.02, and Halsey," Stuart & Co., Inc., 99.004.
Proceeds from the sale of the certificates will be applied by the
the
first
of which
Gross,
price of 99.43 for
certain
Stock
York
New
The
089,000
Ry.—Equipment Trusts Awarded—
The company awarded on May 21 $3,500,000 1%% equip¬
ment trust certificates, maturing July 2, 1946-55, to Cen¬
tral Hanover Bank & Trust Co.
The winning bid named
of
servi™
1885
Pacific
Northern
a
Servic^—
on June 1 inaugurated its transcontinental
and out of Detroit and New York.—V. 161, p.
corporation
The
company
The
Payment will be made at the First National Bank
Co., trustee, 42 Church St., New Haven, Conn.—V. 161, p. 2224.
date at
Northwest Airlines, Inc.—Transcontinental
,
ail
May
has called for redemption on June 1, next, $41,000 of
gen.
& ref. mtge. 3V*% bonds, series A, due June 1,
company
;
Co.—Time Extended—
Northern States Power Co. of Del.—Extension Granted
New Haven Water Co.—To Redeem Bonds—
The
1944
„1
has been granted an additional six months from
in which to comply with the Sept. 10, 1943, order
of the Securities and Exchange Commission to liquidate.
The petition
to the Commission was joined in by the Middle West Corp., parent
company.
A previous extension expired March 10.—V. 160, p. 2651.
The
March
2223.
p.
1945
161, p. 1885, *,
See V.
those
are
and
with flights into
Three
Association—Output Up 3.89%—
number
reports
31,
March
ended
months
twelve
ended Dec. 31).
784,824;
30,
-
the arguments ad¬
vanced by the applicants seem to overstate the difficulties and risks
faced by the claimants if the hearing proceeds as ordered beginning
May 22.
The Commission admitted the issues regarding the claims
"will
have
to
be
determined before
we
can
finally pass upon the
plan," but added that "since this is a time-consuming process and
since
we
are,, not
yet prepared
to announce any conclusions with
respect to the claims, it seems to us that the most orderly course is
to proceed to hearing on such other aspects of the case."
;>
The adverse decision, however, stated that the Commission recog¬
nized the convenience of the applicants "might be served by an early
denying
and
three
for periods
($100 pa?), $1,397,800; common stock (149,978 shares, no
par)
<si
capital surplus, $480,736; earned surplus, $2,232,502- tnfai"
$12,059,537.—V. 161, p. 2224.,
;
^:
'
'
April
of
"Chronicle"
the
in
North West Utilities
.
In
Corp.—Correction—
Steam
published
earnings
the
(not
determined.
had
claims
the
York
.New
Exchange Commission.
Monday, May 28, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
vrV-
for
(convertible)
rSSf12 H ™
? was
announced"!1"
dr°PPed May 23
thcTComm"S?'sno?d« Swrted''"ffh°SSCS
give
tended
12(d)
we
are
us. to
of
tha
great
PnwL!
satisfipd
fhot
we Wit
^
«
as
^ °f Lhe ™atteTS Cong
shown bv the terms of
On the basis of the
omPany Act.
^eTtrary we be,leve
clcsel
ta
ZSerqeceonrd> ^
the '
SUCh '
^cominufd.0^
$78,422
Number 4389
161
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
that either the underwriters'' spread or the price bid to North Ameri¬
can for the Pacific stock is reasonable."
The commissioners added that a full opinion setting forth the rea¬
Panhandle Producing & Refining Co. (& Subs.)—Earns
3 Mos. End. Mar. 31—
Net. sales
for its conclusions will be issued later.
the same time, the SEC withdrew its approval of North Ameri¬
sons
At
Cost
of
proposal to sell the Pacific Gas shares and to use the proceeds,
other treasury funds, to redeem its 606,359 outstanding shares
serial preferred stock, 6% series ($50 par), at the redemption price
of $55 per unit, plus accrued dividends.
Ir. reaching its conclusion, the "Commission had before it correspond¬
can's
with
inc.
General
from
1943
$785,693
446,206
433,169
453,414
183,624
141,844
113,056
152,782
$385,571
$247,622
$239,468
$230,948
83,109
65,433
54,698
8,616
9,056
8,765
■v
sales-
!
-
112,153
and
Lease
rentals
10,283
&
Co.
May
on
9,
Amort,
Blyth & Co., Inc., confirmed the formation of a group which "will
a position to handle any financing which may arise through the
disposition by the North American Co. of a part or all of its interest
in one or more" of four companies.
On May 11, 1942, C. E. Mitchell,
Chairman of the Board of Blyth & Co., Inc., in a memorandum to his
company's executive committee, referred to the letter from Dillon,
Read & Co. and stated:
',
' >
,
«
"You will note that they have omitted from commitment Pacific
Gas & Electric Co. and Detroit Electric Co., leaving it to us to handle
the former, and First Boston and Coffin & Eurr to handle the latter."
Commenting on the testimony taken at the special hearing May 23
the Commission said the "record indicates that the bid was 'disap¬
The
leases
undev.
commissioners
The
who
American,
would
The
conclusion
chiefly
the
on
259
Operating
revenues
$4,375,684
$4,319,525
40,348
Operating
expenses
,2,340,073
2,230,973
26,995,719
29,786
32,315
31,982
Federal
654,143
694,819
7,422,217
26,937
24,101
24,470
Other taxes
145,690
150,089
1,632,424
2, 001,018
.906
2,147
258,333
311,667
3,580,000
3. 507,500
;
,V
—"—'
of
to
accept
offer
influenced
was
by
Prop, retire, res. approp.
"Pacific
of
carry
of our
stockholders,
getting
on
drive
for
continued,
one
did
we
led
not
time.
some
be done
should
we
better
a
then
if
on
was
transaction
whether it could
to
$35,046
$0.07
$0.06
$0.04
"is
selling
the
that in
not pass up
time
some
this bid and take
future."
in
the
the market's close
firm commitment at
North
of
American
the
read
statement
All
well
as
in
the
as
•;
Co.
"This
Blyth
&
of
price
that,
said
Co.
in
$38.25
in
were
that
offering
the
particularly
criticism
to
response
due
of
merits
of
the
advised
was
that he was free
1
Net
American Co.
awarded to
May 22
*--v
.
-
*.■'
Pacific Lighting
12 Mos. End.Mar.
Corp.—Earnings—
31— '
1945
1944 —
\
oper.
1942
1943
Net oper.
i*evs
—
$9,403,405
327,640
$8,100,599
_
335,042
(net)—
$8,842,337
279,335
$8,878,331
302,199
$8,435,642
$9,731,045
$9,180,531
$9,121,672
Interest, amort.-, etc.1,392,416
Pfd
divs. of subsidiary.
1,337,255
1,497,838
1,566,798
1,463,613
1,337,080
1,339,538
128
114
119
$5,705,843
$6,896,012
1,000,000
4,825,893
$6,274,075
Total
Min.
income..
interest of
Net
—_
sub
income..^
Preferred
1,000,000
dividends....
Common
4,825,893
dividends
Surplus
$1,070,119
*$120,050
_
v'Deficit.
' ;
..
*
•
121
$6,312,592
1,000,000
1,000,000
4,825,893
4,825,893
$486,699
$448,182
,
Consolidated Balance
notes
$6,775,790;
receivable,
and
$251,862,846.
supplies,
U.
'
-
and deferments, $594,550;
deferred charges, $3,100,906; total,
.V-
■■
-
.
dividend
A
Pipe Line Co.—50-Cent
quarterly dividend of 50 cents a
authorized
by
the
directors
on
May
Dividend
share on the common stock was
21 for payment on June 27 to
June 12. W. G. Maguire. Chairman, announced.
On the basis of the recent two-for-one split-up of the common stock,
holders
of
record
increasing the authorized and outstanding shares to 1,620,000 no-par
from 810,000 shares. - the dividend equals the amount distributed in
March, when 75 cents quarterly and 25 cents extra were distributed,
the
announcement
The
*
share
directors
on
the
states.
also
'■
declared
the regular
cumulatives
5.60%
holders of record June
'
quarterly dividend of $1.40 a
stock, payable July 1 to
preferred
15.
'
Resignation—
The
Co.,
as
resignation
a
meeting
of
director of
held
on
K.*S.
Adams.
May
21.—V.
161, p.
Petroleum
accepted at a board
President of the Phillips
the Panhandle Company,
2225.
was
,519,770
447,361
158,309
1,893,816
852,235
to
2,356
for
electric
ended
and
31,500
the
$0.75
and renegotiation of
interest
$638,160;
and
sinking
notes
stock
$2,333,149; total, $7,393,825 —V.
1945,
$187,500;
Bedell
Monro,
of
and
earnings— —
service into New
be
6,921,104
6,750 ''
21,267
:i
$122,867
5,200
•
22,574
13j5°8
10,288
56,603
from
$331,875
$601,342
26,962
than
$13,500,000
may
offered.
be
Consolidation
of
total
of
as
a
common
June 21
stock outstanding on
(a) the 639,692 shares now outstanding; (b-) the
result of conversion of preferred stock, and Xct the
resulting from the exercise of those stock warrants which may
on
or before JUnc 21.
The common shares of Consolida¬
on
of
amount
deprec.
of
redemption date—June 21,
the
1945,
208,000
multiplying the number of shares of Consolidation out¬
on June 21,
1945, by $7.50, and that amount, In turn, by
Approximately 100,000 shares of the common stock of the new
company will be offered to the common shareholders of Pittsburgh
by
1.825,
.
Coal
Co.
The
basis
of
share
remaining
to
,
on
a
new
one
securities—common
Coal Co. stockholders
Pittsburg
for
each
stock and
will be for
four
provides that the principal officers of Pittsburgh
shall be Robert C. Hill, Chairman of the board;
Oliver, Chairman of the Finance Committee; Gedrge H.
Love. President, and J. B. Morrow, First Vice-President,
:♦'
The plan of merger provides that a majority vote of each class of
stock and of the two classes combined of Pittsburgh Coal are required
•The
agreement
Consolidation Coal Co.
K,
Augustus
,
By reason of Delaware law, in which State
Co. is incorporated, a two-thirds vote of approval
Consolidation.
:
•,
-i '
The board of
directors of either company, for any reason^ which
includes specifically the potential liability arising from the filing of
certain objections- by shareholders
of either company, may abandon
the entire plan either prior to or subsequent to the meetings i of the
is
<
$185,918
catastrophes and
$472,777
approve
the
merger.
Coal
by
necessary
for
will
Barton
t$2.87
ger
-
$32,100
•
.
$32,303
$127,116
$124,507
income tax but none is
required for Federal excess profits tax.
For each of periods a reduc¬
tion
of the indicated
tax liability will occur In the event that the
company's position in respect to certain tax deductions is approved by
the Treasury Department.—V. 161, p. 572.
Braun,
L. ;F.
Rains,
in
George
H.
Love,
J.
Morrow.
B.
B.
Arthur
Alan ~M, -SaMfe.
Van
W. Wyckoff and William P. Witherow, all of Pitts¬
H. Donald Campbell, Robert C. Hill. Thomas I. Parkinson and
P. Turnbull, all of New York; Emory M. Ford of Detroit, and
Humphrey
M.
of
Clevelend.—V.
Consolidation
161,
p.
2114.
Coal Co.—To
Survive;Mer¬
of Pittsburgh and Consolidation Coal Compariies.-^Pittsburgh Coal Co. above. *
V .V
Pittsburgh, Youngstown & Ashtabula Ry.—Tenders—
effect to adjustments
been made for Federal
E.
the
or
George
Pittsburgh
547.546
t$2.22
Oliver,
K,
by
whole
in
Arthur
of
consist
-George
339.247
redeemable
be
Buskirk,
Cr74.770
issued
be
Pittsburgh Consolidation Coal
part on any interest«paying
date not earlier than July 15, 1951. at not less than face amount,/And
will be entitled to the benefit of a sinking fund of $750,000 per year,
beginning not earlier than July 15, 1951.
The initial board of directors of Pittsburgh Consolidation Cpal Co.
burgh;
Dr27,130
-
.
to
debentures
will
Co.
.Augustus
$75,799
held.
shares
debentures—available
the preferred share¬
holders.
344,000
$366,379
The number
standing
See
for de-
business
of
mined
27,312
137,557
transferred to surplus-.!———
share——
$0.46
$1.13
has
only about 1,800,000 may be
long-term debt of Pittsburgh
present
be authorized to issue $17,400,000 in the
due in 1965 of which, under certain cir¬
will
outstanding shares of Consolidation on June 21 by 1,825.
The amount
of debentures available to the Pittsburgh stockholders will, be deter¬
$844,088
8,400
46,000
reserve
—tBefore giving
the
to
stockholders
40,309
contingencies-!__________
and
the
outstanding
The
period—
pletion
will have an authorized capital
of a par value of $1 per share
shares of stock of the new company tc be offered to the present
of Pittsburgh Coal Co. is determined by multiplying the
of
cf
$790,271
taxes est.)
•After charges
more
Co.
stock
circumstances,
the redemption date will be offered $7.50 prin¬
debentures and one share of stocx Of the new
!
■
The exchange of Pittsburgh Coal preferred for debentures and new
H" stock will be based on a formula which gives consideration
to the
amount of Consolidation Coal Co. common stock outstanding at the
6,515,112
$522,165
1,067
for
per
Coal
capital
debentures
not
amount
be
cipal
1945—12 Mos.—1944
$7,443,269 $7,305,383
$316,387
Income
income
of
certain
exercised
to
1,810,875
Depletion charges of prior years-.,———
Net
3 Vfe %
53,629 shares of $2.50 preferred stock
to
been called for redemption on June 21,
shares of common stock of $25 par value
for the purchase of common stock.
>v
stockholders.
income——.—
Earnings
Co.
53,629 shares of Consolidation preferred now called for redemp¬
are
each
convertible
into two shares of common stock.
The
tion
cos.
Sundry income——
other
Coal
has
company
Consolidation
1,692,321
taxes-
operated under lease¬
hold
agreement ——
Transfer
of
close
$94,850
inc.
new
amount
'
•Net
Consolidation
Pittsburgh
addition
addition
In
will
wholly owned subsidiaries)
Profit
Gross
under
amount issued
'
1945—3 Mos.—1944
$1,787,171
$2,127,262
Period End. Mar. 31—
Charges to
of the two companies were called for
agreement of merger.
into Pittsburgh Coal and the surviving
639,692
warrants
the
exact
of
much
(Including
allied
the
as
Consolidation
form
■>- /
from
which,
known
shares
offered.
Pennsylvania Coal & Coke Corp.—Earnings—
Divs.
68,868 Va
2,300,000
Coal,
eastern and southern United State?, PCA
currently is seeking transatlantic and transpacific air routes in appli¬
cations on file with the Civil Aeronautics Board.
It has also applied
for extensions to its present system.—V. 161, p. 2225.
Gross
of
merged
which
of
Pittsburgh
Redemption-*-
President, has announced that air
by PCA on July 2.
division."
Oper. exps. and
the
Coal in
value
par
of
Merger—
Consolidation Coal Co. and the
distributed to stockholders on May 22 fol¬
respective board ot directors, and special
was
be
1270.
on
Coal has outstanding 349,458 shares of preferred stock
shares of common stock.
The outstanding securities of
consist
of
tion
Our present plan calls for three daily
and three to Birmingham. The Chicago
flights will provide needed facilities for passengers bound for Pitts¬
burgh. Cleveland, and Detroit as well as to the Mid-West.
The Bir¬
mingham flights will offer New York's millions the advantages of air
service to Pittsburgh,
Knoxville, and Chattanooga before arrival at
Birmingham.
Transcontinental connections will be made at Chicago,
ana
connections for the Southwest will be made on our Southern
serving
$50
1945,
express-type flights to Chicago,
Besides
redemption on June 1, next, $15,500 of
company,
Pittsburgh.
to
bonds,
The
daily
service
1944.—
the consolidated mortgage 3%-6%
for
merger
will be
will
397,332
cumstances,
departures will be made from LaGuardia Field," he
said, "which will bring to New York's air-travelers new flight oppor¬
tunities to the West and South. ' Each of these trips will offer non¬
stop
called
the
for
Consolidation
inaugurated
be
will
"Six
week in
for the year ended Dec. 31, 1944, is 3%.
6 dated July 1, 1945 should be presented
Vancouver, Canada.—V. 154, p.
Pittsburgh
160, p. 2300.
Pennsylvania-Central Airlines Corp.—To Expand—
v;-
or
plan
and
ac¬
Sept. 1, 1946, a total of
bonds due March 1, 1986,
in Canadian funds at the
Royal Bank of Canada in Montreal or Toronto, Canada.'JImmediate
payment of the full redemption price, plus interest to Sept. 1, will
be made of the called bonds upon presentation and surrender of the
C.
been
have
corporation
The company Jias called for redemption
$19,000 of first mortgage 4Va% sinking fund
at 103 and interest.
Payment will .be made
York
and its subsidiaries for the
127,593,000 kwh., an increase
corresponding
1945.—'V. 161, p. 2114.
July 2,
Consolidation
reserve
common
No.
meetings of the shareholders
July 24, 1945, to approve the
dividend of $5.50 per annum
surplus,
'2039,
Pittsburgh Coal Co.
lowing
approval of
1945
$123,101; note payable (bank)> due July 31, 1946,
for contingencies, $423,512; preferred stock, cumu¬
(25,000 shares, no par), $1,952,000;
($1 pari, $182,000: capital surplus, $1,008,000; earned
etc.,
1,
coupons
payment en
A
alloca¬
payable, $278,100; Federal and State income taxes and provi¬
renegotiation of Government business '(est.) (after $675,000
Treasury tax
notes, $652,546; other taxes, $66,417; payrolls,
expenses1,'
to
the
over
Pittsburgh Coal Co.—To Vote
for
S.
company
amounted
4.2%,
mtge. 15-year sinking fund 4Va% bonds, series A, due Dec. 1, 1956,
Payment will be made in Canadian funds at The Royal
Bank of
Canada, in Montreal, Toronto, Ottawa, Quebec, St, John,
34,500
proportionate
July 31,
due
1945,
or
at par and int.
inventories, $3,672,199;
stock—cash on deposit, $91,730;
(bank)
payable
kwh.,
6 $171,814
$1,254,801;
preferred
of
19,
this
for
output
May
1st
deposits,
demand
852,235
1,810,482
158,309
405,695
due Jan.
A,
There
4,927
$0.50
reflect
surplus
Phillips Electrical Works, Ltd.—Partial Redemption-
581,654
;
to
83,334
41,666
—
161, P. 1886.
series
and
__
(net),
retirement
Note—Provision
*
906,617
2,609,317
161, p. 2225.
11,365
144,870
tRestated
hand
on
receivable
for
lative
preferred
Eastern
952,257
345,249
Philadelphia Transportation Co.—Interest Payment—
N. Hinkel, Treasurer, recently announced that the amount
and reserves as determined at the year-end.
Prov. for inc.
Panhandle
227,467
662,152
Arthur
,
stock, $20,000,000; common stock,
$29,937,924; preferred capital stock of subsidiary, $22,287,350; minority
interest in common stock and surplus of subsidiary, $1,432; funded
debt, $44,496,000; accounts payable, $3,053,626; accrued interest on
funded debt, $90,765; taxes accrued and pavable, $18,563,355; dividends
pavable, $584,314; customers' deposits, $686,063; retirement reserves,
$87,363,485;
reserve
for
insurance
and
miscellaneous, $5,395,985;
earned surplus, $19,402,549; total, $251,862,846.—V. 161, p. 672.'
Liabilities—$5
.
224,020
income-,/
5,184,000
$792,895
share-—
business.
,928,957
671,716
437,(186
taxes-
of income interest payable on
$781,530
$304,957
__
income
State
and
$18,975,764 $18, 455,453
$4,582,099
prof.
excess
of
2,695,388
300,460
$126,231
$187,500;
investments in
storage
gas
$1,873,164;
:
-
Philadelphia Electric Co.—Weekly Output—
$3,777,378
$293,460
—
Liabilities—Note
securities, $4,410,736; post-war refund of excess profits taxes, $257,162;
cash, $10,655,665; U. S. short-term securities, $3,142,000; accounts and
materials
;>
;
1945—4 Mos.- -1944
1945—Month—1944
184,505
The
Sheet, March 31, 1945
properties and franchises, $221,052,872;
Assets—Plant
1,345,346
-
3,837,992
$4,910,804
railway
week
„
revs.——
income
and
Balance
refund of excess profits tax (est.), $21,869; property, plant
and equipment (after reserves for depreciation of $1,996,639), $1,684,747; deferred charges, $30,319; total, $7,393,825.
t.
,
(
('
Expenses
Other
3,837,992
V
Canadian
V.
same.—V. 155, p. 2098,
$64,285,899 $59,944,874 $54,201,373 $51,267,318
29,581,508
28,644,110
26,837,750
25,078,160
Taxes
18,945,288
14,674,456
11,695,328
10,920,614
Prov. for retirements—
7,658,503
7,222,903 < 6,788,964 " 6,426,207
Gross
and
operating
—V.
post-war
;
5,559,506
$5,755,725
Net income
tl944
1945
Paton Mfg. Co., Ltd.-—Partial
'
1, 1979,-^V. 161, p. 2225.
...
Net
on
2,127,789
334,018
Consolidated Balance Sheet, March 81,
counts
Stock; Exchange has authorized the listing of $80,firsthand refunding mortgage bonds, series M, 3%, due Dec.
000.000
redemption
for
post-war refund of excess profits taxes,
accounts
sion
New: .York
5,795,042
$5,451,936
taxes
share
a
Listing of Bonds—
The
inc.
mortgage 10-year sinking
called
————
common
per
of taxes,
fund
only one bid for the stock.
,
* .
<
r
.
>' '
Blyth & Co. group was expected to offer the stock to the public
distribution after the close of the Stock Exchange
at $38.25
been
administrative expenses
Federal
Assets—Cash
by Blyth & Co., Inc., 700,000 shares of Pacific Gas & Electric
stock
at
a
price of $36,767 a share.
The company
23
have
;
;
banking syndicate
a
506,779
$431,178
Ry. Co.—April Earnings-
income-.
Other
$1,-
surplus,
11,497
for
•
security
on
504,072
$338,482
_
Period End. April 30—
Federal
stock
common
earned
operations
income
•After
secondary
May
$5,-
Halifax
common
a
total,
$2,755,267
charges.
Earnings
to"
59,688
$11,246,978 $11,315,231
Sinking funds and other
first (closed)
1948,
profits taxes
Provision for contingencies
received
The
$1,439,044;
excess
Bids for 700,000 Shares Submitted May 22—
as
surplus,
4V?%
1,
income—
"■•Provision
,
Co.
drilled,, $145,000;
_.
from
Income
700,000 shares) has had its natural effect, and
buying orders today carried the price to a close of $38,875 or %-point
above the proposed offering price of $38.25*"
\
headed
be
credits
Gross
the SEC the public must be edu¬
with
July
warehouse and
Profit
by the offering of the
North
$13,117:
sold.
goods
Income
to
88.496
5,980
$937,957
—
income
Income
proposed
the
of
Selling,
registered," the statement said.
''The
disappointment of hundreds of potential purchasers when the
announcement camje that the offering of the stock could not be made
(together with the knowledge that the market would not be affected
The
assets,
current
the
vulnerable
that
welcomed.
were
all offerings registered
to
capital
sales.
tion
as
to
wells
on
the outstanding
"competitive conditions," each bidder
withdraw and competing groups
cated
other
$65,250;
3 Months Ended March 31—
"greatly increased the risk."
ourselves in stabilizing the
9,165
$842,554
—*4—
Pere Marquette
Parisian Laundry Co. of Toronto, Ltd.—Calls
bidding group might not be inclusive enough to satisfy requirements of
"As in
payable,
$905,407;
Government
v
$73,807;
progress,
deposits
bonds
Cost
and
meant
(net).
$931,977 $11,158,482 $11,255,543
applicable to preferred stocks
161, p. 2004.
—v.
1, 1945, at
Net
and
part.
$833,389
Dividends
U. S. Govt, bonds, $3,984; notes and ac¬
reserve), $469,694; inventories, $649,652; invest¬
Parkersburg Rig & Reel Co. (& Subs.)—Earnings—
the impact of unfavorable, news."
-
Net
ioi and interest.
Payment will be made at the Bank
of Toronto in Toronto or Montreal, Canada.—V. 146, p. 3813.
chance
432,169
144.056
revs—
Interest
..
$446,210;
(less
income
Gross
of
fund
-
issue
Sheet, March 31, 1945
deferred charges, $53,417; fixed assets (after re¬
depreciation
and
depletion
of
$3,892,708),
$2,708,720;
par),
July
the day after the bid in an effort to
prevent the price from declining affected the reasonableness of the
spread as the stabilization may have prevented a previous decline,"
before
day
adjust-
appropriations
highest price that the stock had reached since 1936.
It was held that
a
delay of 24 hours before the group was free to sell after taking a
the
$0.27
Balance
006,367; total, $5,520,653.—V. 161, p. 2225.
Blyth & Co. Hold Their Bid Justified—
efforts
share—
for
($!
doubt
1,617
utility
$1,102,052;
$1,305,766;
interest
a
acquis,
Gross income
liability
(long-term
debt), $139,103; accounts payable, $214,685; accrued liabilities, $168,521; provision for 1944 Federal taxes on income, $3,000; dividends
payable, $90,541; deposits on sales contracts, $37,970; long-term debt,
Blyth &. Co., Inc., in behalf of the bidder, in a statement Issued
24, contended that the spread of $1,483 a share between the bid
and offering prices was "justifiable and can be fully supported in any
fair appraisal of all the circumstances."
The statement of Blyth & Co., Inc., said $38.25 approximated the
"The
—;
Consolidated
construction
could
we
now
deal of
good
feel
to
us
accept
A
of
operating
Other
■
$247,548
_
520,653.
May
security
"
(The)
Government bond
as
12,263
'/ $58,138
Net
Bonds—
the
this
28,000
$62,798
inc. taxes
profit—.:
within
not
out
Co.,"v he
Electric
26,203
price at which it sold for several years—
view of all these circumstances and the fact that
in
7 181.607
$73,512
serves
a
;
26 249,843
investments
Amortization
5,234
17,766
ments,
highest
the
that
felt
we
and
Gas
one-eighth
term
$68,277
; r
$103,904
Assets—Cash,
price' offered by the underwriters North American could gain an ad¬
vantage of $65,000 to $70,000 annually through utilizing the proceeds
in the redemption of its 6#
preferred stock.
,
and
6.886
13,204
counts receivable
Mr. Fogarty testified.. "This," he said, "is a large
equity stock interest, the largest amount of utility equity
has yet been placed in the market, and even at the 'net
that
$97,019
3,721
$76,003
Liabilities—Notes
Blyth's
taxes
$51,221,011 $50 197,128
Amortization of limited-
$72,282
•'
82,486
16,885
^
factors,
of
!
$181,947
V:
$264,433
Earn, per com.
testimony
1945—12 Mos. —1944
1945—Month—1944
220
10,418
.
-------
Net
of $1,483.
spread
a
decision
company's
amount
stock
$1
provided for
number
that
profit
Prov. for Fed.
Chairman of the Executive Committee of North
the company had felt the underwriting spread
to $1.25 a share, whereas the bid of Blyth &
said
from
range
Inc.,
Co.,
Fogarty,
F.
James
of
based
has
Company,
3.316
Int., disc. & other chgs.
pointing' to North American but was accepted after 'extended consid¬
Electric
Associated
Pennsylvania Power & Light Co.—Earnings-
plant
eration.' "
of
23,575
.
Operating income—__
Non-operating income—
Total
subsidiary
a
Period End. March 31—
to
be in
company,
applied to the SEC to sell its natural gas distribution properties in
Johnstown, Pa., to the Peoples Natural Gas Co. for $U94,826.
Hear¬
ing on the application will be held June 5.—V. 160, p. 2300.
32,774
—_
of
1942
16,271
3(1,302
etc.—
Depletion
1942,
v
'.t'
840
holes costs,
Depreciation
Dry
,
written by Dillon, Read
the letters,
of
One
Pennsylvania Electric Co.—To Sell Gas Properties—
$837,144
847,576
■__
expenses
local taxes
State
Blyth & Co., Inc., and other underwriters dating back
to 1942, when the underwriting group was formed, and also testimony
taken at a special hearing held May 23 to consider the results of the
"competitive bidding."
;
!■"• ■.
1944
$835,672
costs—__
oper.
Net
between
sold
"
1945
$1,416,771
_
goods
Direct
of
ence
2337
,
H.
will
Schotter,
W.
until
company
amount
exceed
3
as
P
of
m.
sufficient
par
and
Treasurer,
on
May
31,
1, 1945,
to exhaust
June
Seventh Avenue, New York,'N. Y.,
1945. receive bids for the sale to the
of first general mortgage bonds tb' kn
the sum of $113,380, at prices nt)t to
380
interest.—V. 159, p. 2121.
.
-
•
r
-U
r
ji.et'.'i
.
'
T
4
f
1
■
•J
i
.
t! l
•
Sales
&
Cost
of
sales-
Selling1,
Prov,
than
other c°mpan*®s
acquired M. W.
period with those of the
accounts of the recently
that
for
the
group
Period End. Mar,
ot
to
reasons
647,493
7,877
672,342
587,712
17,271
208,671;
24,788
159,883
150,749
The'stated.0 net
Operating profit before
depreciation,
income
Total
•
In!
$837,393
97,893
$576,991
£>r344,188
$1,374,882
—
less
$1,018,388
238,874
$674,200
$935,286
$667,627
—
income
exps.,
$1,136,008
etc.—
_
Prov,
for
Divs.
of
applic.
of
139,141
172,046
158,527
442,277
203,710
387,738
187,002
2.499
—V.
for
161, p.
periods.
$632,341
Net
The
•
Kion
has
company
to
issue
'
$282,098
56,794
$336,585
$224,613
Co.—Financing Proposed—
Bank,
to
be
hearing
interest
at
the
the
bonds
will
application
The
evidenced
be
fixed
be
held
will
proceeds
June
the
from
the
by
unsecured
per
annum.
2%
of
rate
by
successful
12.
sale
promissory
The
Inc.
bidder.
the
of
bonds
new
Hearing
■.
:,..
and
the
-
bank
loan
be applied by the company, together with such
additional treas¬
funds as may be necessary, to redeem on Oct.. 1, 1945, $39,565,000
first and refunding mortgage bonds, 4Va % series
due Sept.%1, .1960,
161, p, 1100.
Provisions
$6,845,909
;—
3,232,983
——
and
repairs-————-—*-———
replacements—.
for
(other
than
and
507,999
'
Provisions
for
Colorado
State
Income
tax
operating
revenue
income
$1,098,748
•
and
———
other
$1,107,333
:
' 511,072
—
income
charges—
Dividends
•
,
——
,
applicable
to
preferred
Net
for
—V.
available
161,
There
for
have
been
Co.
for
the interests
Account,
Quarters
Ended
called
for
on
all
sources——————^--
contract
revenue
payments
;
taxes
income
on
$429,283
(corp. and
cos.)__
car
3,235,041
6,243,423
$2,433,747
1,614,948
revenues
of
prices
of
like
for
and
post-war
$709,462
for
amounts
10%
in
refund
1944
was
post-war
and
Consolidated
E'.alance
U.
S.
Treasury
for
tl944
2—.
20,924,325
4,067,531
accrued
3,934,473
Depreciation
Federal
Federal
Other
and
income
excess
retirement
3,670,338
3,871,458
2,744,658
Accounts
5,300,012
expenses——.
taxes
;
.
profits taxes
i
—_
taxes—
——
Income deductions
(Interest
on
bonds, etc.)—
3,888,284
2,850,139
•Subsidiary cos.' divs, payable to public——
Munition
1
income-
Preferred
dividends
Common
In
2,462,734
W.
and
profits tax
1,375,798
Balance
$588,839
per
tRestated
excess
share——.-,
common
•Principally
preferred
on
to
reflect
stock
'
cost
of
Kellogg
revised
profits taxes.
Public Service
method
7
of
and
(contra),
in
.
vouchers--
at
24,122,000
643,810
55,395,028
;
4,789,372
34,041,652
3,287,595
accruing
Federal
For
$0.33
deferred
Deferred
Electric
&
Gas
income
Co.
Other
and
cost',;
-"
at
cost
less
less
U.
S.
Directors—
V;,/
"
Service Electric & Gas
Co.,
late
p.
Edward
W.
and
Comptroller,
of
electric
and
Jacob
operations
of
T.
Public
•
>
tion
'*
for
output
the
the
of
week
operating
companies
served
by
May 19, 1945. totaled 190,806,000 kwh„ as
compared with 189,859,000 kwh. for the
corresponding week last year
an
Increase of 0.5%,—V.
161, p. 2225.
'
and
payrolls,
retroactive
provision for Federal taxes
yet
due_.
Revenues
and
Expenses of
Period End. Mar. 31—
Car
and
Reserves:
•A,
Sleeping Car Operations:
Total
revenues
Conducting
General
uninsured fire
experimental
deferred
/
5,038,879
5,175,701
14.977,337
599,576
1.854,547
616,735
Po)"
and
cars
Other
,
,
installations^
Net
revemie
——;
$1,728,293
1
$2,308,675
$5,965,839
$6,261,412
i
Total
revenues
420,002
—
438,887
311.552
—,
expenses
299,655
Pullman
cars-- /
1,284,730
1,266,862
945,724
j
revenue—
$108,450
—
$139,232
$339,006
Total
net
tTaxes
revenue-
accrued
—
income
$1,836,743
1,356,130
$2,447,908
480.613
The
$6,626,819
638,507
$6,304,846
4,563,009
1,741,837
881,042
2,636,397
2,641.427
19
542
19
551
1,809.400
5.068,949
1,557,870
Co.
(a
5,103,828
-
2i50o',000
?-
5,140,829
Depreciation
♦Includes:'
Pay
U.
S.
roll
Govt,
excess
—V.
161,
adjust...
income
"profits
p.
l_
433.516
425,182
1,279,952
720,805
;
1.156.910
2,683,973
3,199,878
,
Inc.—Quarter
Statement—D.
A.
President, states:
Stockholders
1944, Issued as
Crawford,
of
advised
March
20,
in
the
1945,
I.
corporation's
that
it
was
annual
not
report
possible
at
for
that
140,481
140,588
140,369
153,954
163,558
169,775
26,100
Early
4,485
•.
'
——--v,50.867J 13
has
been
elected
a
at
which
time
.
was
Special
June
Assistant
to
p.
'
1581.
Effective
Lieut.
Colonel
T.
H.
Mitchell,
'
•
•$30,138
$42,640
the
was
and
"and Bush
Street
Russ
The
Building.
are
occupied
in
,
A.
161,
St.
••
—
6%
.
due
stock
service.
gold
by
tenants
&
Lake
45,000 sbs.
$2,139,500
37.500 shs.
45,000 shs.
37.507 shs.
Champlain
has presented
bonds- due
RR.—Reorganiza¬
plan of
a
of
Vermont
reorganization
under which
company would consist of $400,000
July
1.
1975.
JU'y '* 1995* and
'
<
Outstanding
$3,500,000
uCourt for the District
?I
the
V
''
J
of the reorganized
Tlu/ commo/stS
of
1.945
Authorized
'
1951..——
$100)—
.
;18,
bends,
$1C0>
iwvfo rTTata n^W in- bankruPtcy.
ai
rented:
Feb.
1,
(par
Johnsbury
mnrtJfi
of
314.
i ff S
adding' to the
beauty shop,
The building also
a
■'%•
as
"
fund
Feb.
(par
and the
stores,
.r:vv
,
sink,
stock
p.
part by
service tenants,
building, including
^°rganized
company
in
$400,000
second
$500'000 ln 8100 P"
would
delivered
be
whlch U the
to
•' •«» road S
States
announced
Vice-President
lobby
the^'bmS?lti?H °L the
totmortgag" bonds '
United
Pine
present
on
in
excess
of
$4,700,000
General
and
Petiti°n Med
assets
of
in January, listed
$92,000.
V.
161,
p.
liabilities
606.
I
al
once,
business
". plements
was
radiotelegraphic service between
and
Norway by this corporation
between
the
leased primarily to
other tenants of the
tion—
President
subsidiaries
subsidiaries.-—V. 161,
bnd
is
:
mtge.
series
'
of
Denmark
May 18 by
Manager.
floor
floor
Preferred
April 13
Communications, Inc.—Expands Service
Resumption
$24,100
was
shop, drug store, cafeteria and valet
an assembly room which may be
.Common
1
Early's duties will be concerned with the
corporate and business
functions of Pullman Incorporated and of
certain of its
such
ground
,
—V.
Vice-President, effective
appointed
..
1st
4 485
49,234^563
until
he
$48,078
contains
Mr.
tional"
were
140,481
148,140
Capitalization
1945, with headquarters in Washington. D. C.
He became Assistant
Secretary to the President of the United
States, March 4, 1933 and
Secretary to the President, July 1, 1937,
serving as-such
and
Pullman
606.127
taxes
building.
Stephen Early Elected Vice-Piesident—
R. C. A.
taxes
1886.
1941
$873,625
580,430
discount—
'
1,206,645
&
1942
$854,438
Francisco
barber
4 714 401
'
including sales of the products of
taxes
Years
occupancy on Sept, 1, 1927, and since
^as been continuously under the
operation of the company.
The Russ
Building is opt rated strictly as an office building, with
its
own
garage available
primarily for the convenience bf tenants.
The
v' 6,223 306
5,825,497
,
———*
Calendar
577,139
amortization
Federal
convenience of
129,195,880 129,339,880
Truman.
Depreciation
approximately
$197,356,
$895,676
income
.eleventh
3,265,676«
V 153,327
-117,354
subsidiary,
•—
—
•,
290,790.799 309,406,260
1945,
•Includes:
of
of
1943
Russ
.
Inc.——:——J.—
Pullman
Total
$365,406
879,184
—«
for
/
on
Montgomery Street
Street, and proceeded to erect thereon
Building was completed for
508|256
2,500,000 ",
,
,
•
,
San
387,755
<9,500.253 % 8 048917
Air conditioning revenue deferred———
Othed deferred credits——
Capital Stock (outstanding):
Stephen
Operating
the deben-
and sale of
incorporated Feb. 4, 1926, for a term of 50
years, in California, for the
primary purpose of constructing a modem
office
building in San Francisco on premises owned in fee
by the
Russ Estate Co.
On Feb. 18,
1926, the company executed a 99-year
lease with Russ
Estate Co. covering
approximately a half city block in
"
Net
the issuance
•Loss.
2,410,847
,
3,266.676:
901,456
.
from
629,555
Business—Company
6,870,364
2,199,155
reserves
Surplus
Auxiliary Operations;
Total
intention
income
Net
4,882,376
508,256
.
—,
1,731,836
;
359,839
——_____
Deferred Credits:
14,861,620
,
the
$992,355
and
for
on
"-"v
contingencies—
reserve—
Pullman
■
4,231,508
casualty liability^—
and
maintenance of
manufacturing
General
345,755
oper.
is
income
Interest
42,811.021,'
4,977.442
•
post-war re-adaptation of
manufacturing.-^.
plants and Pullman equipment—;
—
car
including
'
34,356,761
—
For
1945—3 Mos.—1944
-
expenses
and
and
the
Prov.
%
For employee benefit plans—/ 2,531,637,
For
$11,388,845 $11,454,392 $34,242,440
$32,825,736
•Maintenance of cars4,174,615
3,349,506
11,940,851
9.625,113
All
other maintenanceCrl69,677
20,933
CV496.134
•
to
Expenses
Deprec. &
$35,208,108 $42,946,253
'
For
Auxiliary Operations
1945—Month—1944
Of¬
;
including May l; 1948,'105%; thereafter to
104%% thereafter to and including May
1944
5,548,917
income,
(contra)
'
Pullman Co.—March Earnings—
on
————
For
(The)
Debentures
—
1952,
Earnings
321,289
pro-
—
•
;
including
adjustments——
wage
provision for other taxes, not yet due
Advances
on
munition
and
other
contracts
corpora¬
ended
1,
Goss
290,790,799 309,406,260
Accrued
-
this
advancing
<
898,908
excess
———
payable
for
Accrued
Public Utility Engineering & Service
Corp.—Output—
Electric
and
tures
Liabilities—
vision
not
;
371,682
7,000,253
:——
Accounts
and
1809.
on
later
and interest.
5,800,000
•
321,025
,
and
1935, where, after
pilot,
'
have been elected directors to succeed the
John
L.
O'Toole, resigned.—V. 161,
Wakelee
372,455
tax
: Total
102 %
'that purpose the net
proceeds
94,578,357"
3,000,000
—„
(10%)
Vice-President
proceeds of a
contemplated bank loan
$50,000, and treasury funds in the estimated amount
8IU991
refund
test
a
dated May 1,
are
Purpose—It
81,186,766
casualty liability-—
maintenance of Pullman cars—
post-war
Executive
became
of the company to redeem oh Aug.
1,
1945, at 104, plus interest, all of its
$2,097,000 first mortgage 6%
sinking fund gold bonds, series A, due Fob.
1, 1951, and to apply for
484,301
351,238
Govt.
and
;
he
—
118,202
depreciation
in
appointed
work,
Building Co., San Francisco
thereafter
•
484,301
reserve—
been
He has been with Republic since
1, 1957, 103%;
including May 1; 1958. 102% ; thereafter to and
including May 1, 1961, 101 Va%; thereafter to and including May 1,
1963, 101%% thereafter to and
including May 1, 1964, 100
% % there¬
after until maturity, 100%*.
'.v
3,224,052
charges—
for
has
pilot.
He became a director of the company, Vice President
Farmingdale Division Manager in 1943.—V. 161, p. 2039.
; ;
May
»
18,290,841
—
(domestic,
assets
Claim
Miller
engineering
chief
To
3,646,312
1,689,847
:•
V /
^
(invested
fire
Hart
1945, due May 1, 1965.
Interest payable
May 1 and Nov. 1 at office of Bank of
California, National Association,
at San Francisco,
Calif., tvustee.
Debentures will be in coupon form,
of denomination of $1,000,
registerable as to principal, and will also
be issuable in fully registered- form in
denominations of $1,000, qr
multiples thereof.
Debentures will be redeemable in
whole, or from
time to time in part, at the
option of the company, at any time, on
30 days' published notice, at
following prices, plus accrued interest:
-7
"
——
Co.———
Co., New York, has been appointed registrar
preferent stock and common stock,
convertible
161, p. 2115.
Debentures
in¬
and
process
13,587,902
:
*
■
32,634.942
—
work
1
fered—Blyth & Co., Inc. and E. H. Rollins & Sons,, Inc.
on May 18 offered
$2,000,000 20-year 4%% sinking fund
'
cash
-—
uninsured
profits
New
cumulative
V.
Russ
r'
2,494,804
property,
For
■/
Lyle
McDonald,
Vice-President
Barron,
Vice-President iu
charge
30c.
debentures at
1944
518.848
—————
companies
reserves
'
-
-.
18,200.000
payment
—
investments
Equipment
deferred
contracts
reserve)
Funded
$471,234
-U—$0.35
of
4,415,694
to
Securities):
Earnings
11,150,244
also
and
of
47,781,461
•
7,159,155
railway——
C.
Co.)
v.—
5,089,045
31,431,839
10,968,354
5,770,019
Republic Aviation Corp.—Official Promoted—
$0.91.
armament
appropriation
by
cost—.
—
39,021,597
oper. income—
161, p. 2114.
the
to
Sheet, March St'
income——-
on
other
other
affiliated
Other
2,462,734
"1,375,798
and
M.
In
$4,309,766
(corporation)————
dividends (corporation
taxes
receivable-
ventories—less unpaid
Investment's:'
375,282
$4,427,371
trust
deposit-^
on
2,940,242
375,282
%
notes
Unreimbursed
less
Net
Federal
and
2,103,147
39,026,630
12,388,473
•/a 1942
•
38,628,853
1
car accounts—
Inventories at cost—
,
2,325,662
5,427,116
—
tax
2,037,339
1943
.
$1,320,390
•"
,.v
Kellogg
3,995,236
1,251,969
income.—
The Manufacturers Trust
of
See
securities———— $72,647,461 $75,189,337
savings notes earmarked
Other marketable securities at
.
21,119,966
3,745,994
Maintenance
S. Govt,
$9,296,661
3,757,602
railway—_
from
re-adaptation of manufacturing
(Excluding The M. W.
U.
and
$10,242,098
3,117,520
i Reeves-Ely Laboratories, Inc.—Registrar—
1,616,796
1S44
on,excess
offset
;
1944
$9,620,341
ry.
—V.
8,375,100
$818,799
1945
on
1945
1,154,832'
from
Net
.
\
claim
"
$48,496,889 $47,801,010
Expenses
;
$2,937,187
period——---:————-—
renegotiation
1945
Equipment
Total
.
3,250,508
revenues.
in
reserves
$48,337,681 $47,665,651
159,208
135,359
—
204,211
55,242
$9,883,298*
railway——
oper.
Net
—--
plants and Pullman equipment.
$98,000
*
1945
subs.
Gross
tAdjusted by credit from reserve for deferred maintefRailroads' contractual share of The Pullman Co.
sleeping and
parlor
(& Subs.)—Earns.'
(subsidiary cos.)
14402
From January 1—
$85,835,713 i
"
revenues
ry.
"1944
share——————————$0.75
to
■1
3 Months Ended March 31—
'6,036
a'/
Manager.
of
211,716
*•
railway-—2,904,980
in
Cash
Public Service Corp. of New
Jersey
.revenues
Net
3,941,673 ♦ 6,915,431
+66,741,850 +64,357,485
;
for
from
months
next,
2,410866
102,106
6,138
:
from
Net
nance.
15,
36,235*878
2,788,780
,105,858
[..i}-.'
;
April—
81.
to
—
•
surplus
Note—The
June
43,56 0 626
1,394,0891 :n 1,205,464
Reading Co-Earnings-
Pullman
March
$82,595,737
depreciation
paid
bonds, seri.se A. due Jan. 1, 1973, at llOVb and
interest.
Payment will be made at the Old Colony Trust Co.,
trustee,.
45 Milk Street, Boston, Mass.—V.
161, p. 2225.
Other
the
General
of first mortgage 3>/<%
Operating
2114.
shipments,
Hampshire,—Bonds Called
redemption
of
•1945
-
Federal
per
$562,066
of New
$73,329,413 $6 1 025 592
18,125,103
•Payments
p.
99,557
-7.
Service
Mos.—1944,
transports rev.— $13,348,^58 $11,053,184 $26,754,189 $22,119,395
to rail and other carriers—express privileges.—V. 161
•Rail
•Subject
$496,706
21,813,663
--
—
—
99,555
stock
common
2039.
p.
Public
regard
order., within
court
profit—
Income
518,023
.
Balance
debt
$528,840
stock-—__
1945--2
$36,668,106 $30,491,893
Other deductions--—v
$596,261
__
.
629^92
inc.-
:
Express taxes-.
Int. and disct. on funded
$1,046,863
.
and
revs,
'
Operating expenses——
Subsidiaries—Excluding The M. W. Kellogg Co.)
.»•
from
for
Provision
Earnings
Net
the
with
'
income
Interest
with due
expenses
Dividends
Gross
comply
,
3,502
(
_
1945—Month—1944
inc
and
revs,
Total
$1,043,361
8,585
'
.
to
Income
and
t
Total
24,975
;
income
Provision-for
Net
Other
made
limit- and
Inc.
$ Provision
:-v
1,206,096
25,289
618,750
•
Other
action- in,
of
M^ww
$36,329,848 $30,177,597 $72,629,753 $60 395
706
338,258
314,296
699,660
Chgs. for transportation
pursuant to which,
car business.
The
freedom
broad
ww
tax
-
Period Ended Feb.—
.
22," the U.
,
Gross
452,538
1,317,827
permit
687,500
—
r-r
dividend
of
Railway Express Agency, Inc. (& Subs.)—-Earnings-,
:;
stockholders, The Pullman Co. employees, and the traveling public.
(Pullman
507,731
470,287
profits taxes
excess
of
$5,456,672
to reduce arrears,
Gross
174,876
—————
income»__r.
income
be
3,135,672
,
192,776
__
Taxes
"Prov. for Fed.
will
.--'-Consolidated
$6,545,248
•
March
1.252,559
——
divs.
preference
inwwvuvv
$4,204,113
.
$3,372,00p additional
reserve accounts.',
'
May.}8,.\1944,
the sleeping
on
dispose
order
844,338
$344,006
credit.—V. 161, p, 2114.
as
•••'
*
—
Maintenance
to
new
1944 '
—1—
operating revenues-—Operating expenses
a
$4,064,554
21,570
*
2.604,448
of $2.50 per share paid Sept.
13, 1943 jn
such payment having been made in
accordance
with the provisions of the
plan for recapitalization.
tReduction in
Federal income tax resulting from "carry-over" of excess
profits
S. District
supplemental order giving Pullman
1946, -to comply with the separation
22,
$317,571
$6,830,132
separation
specified time
1945
elected
this
the
entered
$344,006
tax—
•Exclusive
order
with
funded
Cast—On
by that Court
2,288,819
;
2,817 164
$6,465,055
,
(& Subs.)—Earnings—
■
.Gross
down
of
effort
every
.
3 Months Ended March 31—
.
.
1944
various
In
until March
or
physical assets,
Inc.
Public Service Co. of Colorado
held
-195,566
1,813 Qfis
1,507 722
2,600 266
111,681
191,949
90,804
amort
Balance————
1UA
Prior
.
•
$101,818,329,
Anti-Trust
8,777
%
income
of • the sleeping car; business,, either, by sale
heretofore proposed to .the railroads, or by sale
of all of the shares of the capital stock of The Pullman Co. owned
by Pullman Inc.
Accordingly, negotiations to that end have been
opened -with the railroad-users of Pullman sleeping car service, and
of
will
102 and accrued interest.—V.
totaled
in
corporation
effecting
>
ury
at
year,
handed
provisions
the
on
the
available,
now
Philadelphia
one
the
on
1
,
at
deeree
notes
rate
coupon;
,
securities
Developments
Court
umount
Savings
Co.
company),
Government
bonds, series due 1975, and to make a bank loan in the aggregate
of $5,500,000
to Chase
National Bank and Harris Trust &
fcage
•
Interest and
deferred mamtenance
' '
; *
from the reserve for
earnings in 1942.
'-
derived
Condkion—With
Kellogg
Kellogg
to the Securities, and Exchange Commiscompetitive bidding $34,000,000 of first mort-
at
W.
7,101
set
,■
applied
sell
and
Eleetric
figures,
256,261
$521,915
Other inc. deducts, (net)
Q"alteily
the 1944
1944
similar
-273,128
$543,057
.V--V
revs
oper.
8,0^
1,694,3121,576,971
3,855,476
2,962,322
126,370
288,784
The net income figures lor the
1943.
have been adjusted to reflect on a
credit ($2,743,910)
actually taken up in
of
148,089
135,547
339,730
taxes—
Other
.
year-end balance sheet of The
the consolidated working capital of
the entire Pullman group of companies can be figured as of Dec. 31,
1944,
at $109,509,251
($33.90 per share).
Assuming no, substantial
change in the accounts of the Kellogg company subsidiary during the
first quarter, for which no income or balance sheet statements are as
yet available, the consolidated working capital as of March 31 would
be approximately the same as stated above for the Dec. 31 date.
.;•••••*
As of March 31, 1945, the holding of "free-" cash and U. S. Govern¬
ment
securities by
Pullman Inc. and all subsidiaries, (including the
1358.
Portland General
.
14.890
4,218
the
of $2,932,207
maintenance
deferred
for
tax-paid earnings in
Financial
M.
74,554
inc.
154,948
taxes-
income
Federal
quarter of 1945 reflects a credit
account! of the carrier^.division, being
operating
reserve
set up out of tax-paid
stock
com.
the
quarter
year-end
prcf.
subs.
Net
40,690
income
net
to
24,028
"173,042
Fed. inc. taxes
stock of subs
Portion
45,033
and
on
917,634
■
the first
income for
the
in
of
of
out
first
basis
—
accrued
$733,052,
one-fourth
up
50.269
depletion
amortization
.
of
90,636
interest
earned
Deprec.,
$2,364,046
-
—„——
Depreciation
,
the Kellogg company subsidiary *oi that per od >
amounted to $2,433,747 ($0.75 per share)
after alL taxes and othei
charges and after
appropriating to the reserve for Post-war re
adaptation the statutory 10% refund of excess profits tax accruing
29,185
167,202
/
.including
not
results of
operating
Fed.
taxi
quarter of
for the first
income
net
10
Other
Subs.)—Earnings
-1944
I945.—12
Mos.—1944
$2,247,676 $26,967,876
$25,439 7m
906,254
10,413,737
9
31-^
there stated will also prevent mclus.on
.
Operating revenues-the Kellogg company results In this and later uuaiterly s«emenM
Operation
be published in 1945 for Pullman Inc. and .lts. other i•
Maintenance
and the
—
debts-
bad
(other
income
$7,983,934
6,639,298
7,106,288
Co'!
Consolidated
821,332
for
Taxes
$8,800,694
consolidate
Pullman
Kellogg
admin.
expenses
:
1942
to
the
in
'
1943
$11,756,962 $10,859,644
9,563,074
9,009,289
—
&
gen.
1944
1945
revenues
oper.
time
(& Subs.)—Earnings-
(The) Pittston Co.
3 Mos. End. Mar. 31—
Monday, May 28, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
the
resumed
RCAC
messages.
transmission
10
will
Colonel
of
accept
personal
Mitchell
government
days before.—V. 161,
p.
said.
and
2226.
and
This
press
St. Louis Screw &
Bolt
"nontransaeservice
messages
sub-
which
"fl
rll!tiiecnu/'ties a^d
withdraw
ithdiaw
its
Co.—Delisting—
Exchai?se Commission*
order ^rantinS the
($15 par)
common
>
stock
May
application
and
($100
14
of
the
to
cumulative
announced
the
par)
7%
company
r
Volume 4 6iU
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4389
listing and registration on the St. Louts Stock
effective at the close of the trading session on May 22.-
referred stock from
Exchange,
made ,at
•
.the Guaranty
york,. N;-Y.
New
Trust
sinking
Co.,
fund
agent, .140 Broadway,
is
announced
that
debentures
of
$57,000
previously
drawn for
to May 14, 1945.-—
redemption had. not been presented for payment up
V.
Southwestern Ky.—Would Pay Interest—
St. Louis
•
basis
for .new
been
called
first mortgage bonds due
at The Canadian Bank of
London, B.C.3, England.
detached from the bonds
the holder in the usual way.—
96,
.i;/:'
65.
p.
cashed
and
presentation
before
V.
by
1,
The
■r
•
will
be
of
548,733
79.5c
1,063,138
1,003,629
29.97c
—'
26,13c
Tons
Recovery
$38,093
8,302
10,825
8,308
10,434
—
-.
income
$62,477
$72,652
$64,914
58,493
58,493
$14,159
$6,421
of
and
gains
Assets—Securities,
from
losses
Balance
Condensed
$2,218,362;
at
March
market
quoted
able,
$3,250;
total,
notes
receivable,
31,
Liabilities—Reserve
shares
for
for
provision
$21,182;
taxes,
participation
deducting
—V.
161,
13,622
shares,
treasury
total,
$8,831,330;
606.
p.
income
Prpvision
Per
share
$214,040
$175,716
$3.91
$3.63
:
$46,644
$10,701
2—
$773,763
$706,198
■
paid
18
May
on
Gross
for
$9',982,528
profit
Prov.
deprec.
Operating
Discount
Sundry
a.
lmrt.
of
disclosed that while current
$1
36,417
10,499
43,941
33,517
24
and
week ended May
the
for
1945,
19,
Total
Prov.
bu.uli/t I I
paid
for
to
882
Sundry
Prov.
declared
15
7ft
15,
record
and
last,
31.
A
15, 1944,
Arrearages
as
48.865
24,953
39,321
4,198,000
3,319,787
1,171,080
225,000
Earnings
1944
and
$800,107
473,572
$7.07
$7.09
$5.06
refundable
market^,
loan
to
$172,843;
payable,
accounts
!
•
been
concluded
Adjustment
Board),
for that
in
Federal taxes
reserve
which
1944.
is
to
be
—V.
._
divs.
$4,045,132
216,634
$370,523
$4,261,766
2,673,671
$4,212,698
3,929,911
—
$1,588,095
361.362
$2,282,788
384,952
—
$1,226,733
$1,897,836
—
.-
—
pfd. stock
cum.
161, p.
stock
common
statements
substantially the
ment
for
the
same
margins
of profit as were
preceding year.—V.
160,
p.
on
,the
May
last.
have
be°n
called
for
redemption
the
sinking fund, $1,500,000 of the
debentures due July l, 1954, at par and
accompanying
allowance of
allowed in the settle¬
^
par
' •••v-
:
record
of
V '•
no par, was also
June 10)—V, 161, p.
stock,
preferred
holders
''
,
•
quarterly dividend of $1.25 per
usual
The
tive
stock,
common
J'ohn
Co.,
W.
an
Jersey
announced
-Mr.
"
Brice,
affiliate,
Standard's
on
May
who
Brice.
••
"
,
.
i
,
pp.' 2152 and 1925.'.
.
declared, payable June 20 to
Income
Statement,
Redemption—
July 1, next, for account
outstanding 15-year 2Va%
interest.
Payment will be
May
of
out
cents per
current,
net
share
profits
on
A similar distribution was made
28.
April 14, July 14, Oct. 10 and Dec. 8, 1944.—
on
May
declared
17
extra dividend of 25 cents per
on
2042.
p.
.
,
dated
,
of
A competing
by Halsey, Stuart
100.1529.
May
1,
interest
1975;
nnyable
■'
i,2PD,uuq
proceeds
sale
the
of
together
notes,
$11,328,203 of cash
with
&
ref.
.
from the
general funds
the company's funded debt, as
'
-
1st
•-
(approximately $28,960,671) to be re¬
and the $2,500,000 27.'
10-year
bonds,
will be used to redeem
company
gold
mortgage
bonds,
57«>
Series,
102%, which will require—
$4,900,000
to
of
first
—
$27,382,875
—_
mortgage
the latter will
American,
be cancelled by
bonds,
2Series,
due
transfer
in
exchange
therefor
and
the trustee $4,900,000 of first mortgage bonds, 44'* ft
;
..•*.,
.-.* •
•
.
>•
.
.
.
Funded Debt and Capital Stock Giving Effect to Present Financing
Authorized
mortg. bonds. 244% Ser. due 1975
10-yr. serial notes, due 1945 to 1955
2 ft'
$6
•/"
*•
Common
stock
other
as
provisions
tAmerican
but
(no
is
stock
owns
$31,500,000
the
the
beneficial
the
and
65,000 shs.
+2,500,000 shs.
but limited
mortgage
of
68,786 shs.
65,000 shs.
4.000,000 Shs.
to authorization
of
2,500,000
70,000 shs.
par)—
none
Outstanding
$2,500,000
stock (no par)—
preferred stock ($100 par)
preferred
"Unlimited
-$5,246,675
net
the
from
2,200,000
lst
.
•
—r
due
1945:
I,
bid
a
to retire $5,985,000 of bonds issued under the mortgage
waiver of the right to the authentication and delivery
•
March 31, 1945
profit on sales-——-——_—
May
on
rate was submitted
the
/'A'.-'1 ■"•-*
Subs.)—Earnings—
Administtative, sales and service expenses—-—
May 21
for
addition
7ft
Three Months Ended
Light Co.—Bonds Offered—A nation¬
10,706,000
•;
•
Consolidated
payable
par.
*
■
Gross
35
equal
the
to
t
(&
no
dividend of 30
a
Series, due 1965,
has resigned his
Tulsa, effective on that date.—V. 161,
Corp.
30,
1975, is to be issued to American Power & Light Co. in exchange for a,
like principal amount of outstanding first mortgage bonds, 4^74- Series,
duo 1965, of the company.
Prior to or concurrently with the issue and
delivery of the $4,900,000 of first mortgage bonds, 2*\"<
Series,, due
•
Stewart-Warner
June
Co.—30-Cent Dividend
Steel
declared
is
awarded
was
are
cause
an
In
V
with the New York office,
^,'
.
75
the
30.
and
31
——
2228.
.
be
Dec.
on
March
$2,000,000 6?;/ gold debenture bonds. Series'A, due 2022 at
110, which will require—.
on March 5,
and Dec. 9,
share on the $5 cumula¬
16.
will
on
$10,100,000 1st mortgage bonds, 4Series, due 19G5 (excl.
$4,900,000 to be exchanged) at 10G, which will require—
Coordinator—
Executive Vice-President and director of Coaler Oil
will assume the post of Assistant Coordinator of
/world-wide producing activities on June 1, it was
positions with Carter Oil Co. at
of
Sept. 30 and Dec. 30, and on
each
Sulphur Co.—Extra Dividend—
on
161,
100.079
to
1975,
'
distributions
made
company
on
cents
record
follows:
(New Jersey)—Asst.
Standard Oil Co.
and
record
(1,500,000 shares additional
owner
were
by property, earnings and
of trust or indenture.
deed
company's
outstanding preferred stock,
of the outstanding common
surrendered
on
April
30,
1945,
by American for cancellation).
Profit from
„
Other income
Total
operations.—
—
(net)-,--———
—
—
—
for
Balance,
taxes—J,414,jar
for continconditions——
250.000
post-war plant rehabilitation and
surplus———
adjustment and termination
tracts, less post-war refund of excess profits taxes.
provision
for
mon
make
stock equity of
The
company
a
contribution
the company.
to credit
proposes
of
$8,500,000 in cash,
this contribution
to the com¬
to. capital surplus,
which, together with the amount of $5,000,000 to be credited to cap'tal
surplus through the surrender for cancellation by American of 1,500,000 shares
of common
stock and
the restatement of the remaining
—-—
Earnings per shares—
"Including
will
—-
"Provision for Federal and other income
Provision
Contributions
to
Common
Stock Equity—Prior to,
or concurrently
with, the issue and delivery of the 3975 Series bonds and Serial notes,
American
income-——.
gencies arising out of war
on
issue
serial
declared a dividend of 35 cents per share
$10, payable June 4 to holders of record
24.
A similar distribution was made on this issue
Dividends of 50 cents each were paid on June 10
1944 '
reduction in
2653.
Shell Union Oil Corp.—Partial
There
Of
year.—V.
ceived
Co.—35-Cent Common Dividend—
15
share
50 cents per
and
$26,650,000
May
stock
after,;,;
1888.
directors on
The
of
amount of such bonds.
Bonds will be redeemable either
at the option of the company or pursuant to the requirements of the
mortgage, in whole or in part, at any time on at least 30 duys' notice
at redemption prices, starting at. 103.75 in 1946 and reduced thereafter
to 100 after April 30, 1974.
Bonds will be redeemable upon like notice
with cash deposited with the trustee for the replacement fund or the
current sinking or other fund requirements, or with such proceeds of
the release of
property as must be applied to retire bonds, at re¬
demption prices, starting at 100.82 in 1946 and at reduced prices there¬
$3,735,107
477,591
excess
instituted, provision* has been made in the
for
an
estimated
refund
based upon
the
stock,
directors
of
of
$299,022
71.501
'
applicable to
dividend
a
1 and Nov. 1 at Bankers Trust Co., New York, or at office of
Republic National Bank of Dallus, trustee. Commencing in 1956 sinking
fund is designed (on the basis of the initial issue of $31,500,000 prin¬
1945—12 Mos.—1944
$765,216 $10,121,693
$9,190,480
466,194
6,076,561
5,455,372
—
the
1944,
75 cents
last, and
due 1956 at
for
have not been
Lock-
M.
May
6,888,329 132,553,033 126,703,458
$323,606
(A. E.) Staley Mfg.
made by the company
profits tax ($16,000), was charged to* the
war production contingencies and post-war adjustments of
$225,000 was provided from income of the year ended Feb. 29,
Although proceedings relating to the year ended Feb. 28, 1945,
refund of
John
and
Airways,
Chairman and Presi¬
Yerex,
1029.
P.
Bonds
1944
1945
$322,373
1,233
——.
declared
a
like coupon
Co., Inc., and associates.
of
year
together with the related
This net refund,
year.
the post-war
income)
on
York,
New
TACA
Lowell
headed by The First Bos¬
Corp. on May 23 offered $26,000,000 first mortgage
bonds, 2%% series, due 1975, at 100% and interest.
—Jan, 1 to May 14—
"
reduction
of
are
ton
1945—3 Mos,—1944
income—
Net
Balance
ended Feb. 29, 1944,
(subject to approval of the War Contracts Price
and
a
refund
of $40,000
(after the applicable
Note—Renegotiation proceedings for the
are:
wide group of 54 underwriters
Service Co.—Earnings—
deductions———
Accrued
■".
\
They
value,
20
May
on
Purpose—The
,
($128,605)
669; total, $8,816,207.
have
.
income
In
Texas Power &
$3,475,636;
stockholder
Liabilities—Trade
'
income—i
Income
customers' credits
(payable in merchandise), $568,945; due to U. S. Treasury, $40,000;
salaries, wages, bonuses and commissions, $361,819; employees' income
tax
withheld, War bond deductions and other accounts payable, $121,092'; "Lifetime" product guarantee cost (est.), $150,000; accrued taxes
and other
expenses, $174,703; Federal and Slate taxes on income for
current and prior years and renegotiation refund for the year ended
Feb. 28, 1945 (after
deducting $3,188,130 U. S. Treasury tax notes to
be applied in partial
payment—at cost plus accrued interest), $736,526;
reserve
for war production contingencies and post-war adjustments,
$644,000; common stock—no par value (stated capital $5 per share),
$780.6*05; earned surplus (restricted in the amount of $31,170, repre¬
senting the stated capital amount of shares held in treasury); $5,065,•
lust
$829,931
507,559
revs.——— '
oper.
Gross
cash surrender value of life insurance,
and unpaid balances of stock
subscriptions of director ($14,218) and employees ($17,404)—at quoted
market price, $160,228; non-operating real estate and equipment (at
cost less reserves for depreciation of $42,965), $43,997; post-war re¬
fund of excess profits tax (est.), $1,005,000; sundry notes, accounts
receivable ($9,391 from employees) and investments, $12,286; property,
plant and equipment—at cost
(after reserves for depreciation and
amortization
of
$933,811), $884,454; patents, trademarks and good¬
will, $1; deferred charges, $112,778; total, $3,816,207,
or
/board.
par
par
common
holders of
cipal amount)
deductions
Other
,
tRevised.
1945
Feb. 28,
the
to
the usual quarterly dividend of 50 cents per share on
the* capital stock, no par, both payable June 15 to holders of record
May 25.
Extras of 25 cents each were paid on June 15 and Dec. 15,
J
Assets—Cash, $1,532,984; trade receivables (after reserve of $75,000),
$1,449,968; other accounts receivable, $72,22.9; inventories (at lower of
$66,647;
161,
bid
1944
6,933,026
revenues—
rev.
Net
income taxes and in 1945 provision for
portion of $226,000 in 1945, $427,000 in
$328,000 in 1943 of excess profits tax.
elected
161, p. 2228.
capital
to
8
The
2228.
Oper."
$5.90
—
has
1811.
p.
program
a
—Wk. End. May 14—
p.
15
no
30 and
directors
share
v
Ily.—Gross Earnings—
Operating
514,409
Balance Sheet,
cost
16i,
the
Texas Gulf
2152.
p.
earnings
Gross
/—V.
$934,807
478,586
year.—V. 161,
taxes
cents
payable
1944 were as follows:*- March 27,
25 cents extra*,; Sept. 18, 50 cents;
consider
soon
may
Period End. Mar. 31—
$1,132,651
479.933
after
and
cents
Southwestern Public
$1,104,160
"Including Federal and State
renegotiation
50
May
no
disbursed
Sept.
March 8.
on
cents.
directors
161,
475,000
—
share
per
in
on
on
stock
the
on
or
—:
members
shares.
A similar distribution was made
May 28.
Payments
on
V.
of 75
value,
par
no
A
The
Balance transferred to
—
21,
19, 75
stock,
each
June
dividend
quarterly
a
capital
but
A
&
29,339
$1.03
^.uj
profits
excess
value, and one of 30 cents per share on.
both payable June 30 to holders of
No other payment was made on the common stock
March 31, 1945, a dividend of 20 cents was paid on
16.
June
class
The
1
ad-
conting
surplus
last.
June
Dec.
record
of
19,
Southern
506,246
3,604,000
been
Taylor-Wharton Iron &
122,500
195,672
-
have
stock,
stock,
June 18.—V.
like amount
as compared
of March 16,
161, p. 2227.
1945
provision
Dividends
to
declared
17
outstanding
Period—
238,974
and
The usual quarterly dividend of $1.25 per share on the 5',» preferred
stock, par $100, was also declared, payable Aug. 1 to holders of record
Co.—75-Cent Distribution—
May
on
on the
holders
A
cents
share on
stock, par
per
preferred
May
Dec.
on
previous quarters.
in
$1.25
of
cumulative
holders of
March
on
dividend
a
the
on
to
and
post-war
and
V.
em¬
savings
for
Just.
to
sharing funddeductions——
"Estimated
38,682
593,447
674,136
842,123
Contribution
3,126
and
officers
profit
282
debts—
empls.
ployees'
•
2,710
:
bad
Bonuses
$2,693,263
$5,338,786
a>o,-i7o,204
12,881
income
the
Engineering Corp.,
on
common
class
for refunding $144,000,000 of first refunding mortgage 4ft.
bonds, due 1955, through
the issuance of approximately $125,000,000 of new bonds
(to be sold
after the present war loan drive ends on June 30), with $19,000,000
of the present outstanding bonds to be paid from treasury funds.—
103,030
8,534
28.143
22.860
192,172
$0.52
income
lor
Vice-President
board
directors
class
cents
Refunding Program May Soon Be Considered—
[j
Interest
18
The
(incl. scrap
refinings sold)
provision
Brown
&
the
Account of Dividend Arrearages—
have
directors
cents;
37,210
1,212
96,730
...
stock—..—
directors
this year,
as
on
share
per
March
50
15,152
55,035
327,900
;
*
Airways, S. A.—Four New Directors—
TACA
the
on
Co.—Weekly Output-
amounted to $38 per share.—V.
June
$2,537,846
39,505
purchases-
151,300
and
income
;
Tacony-Palmyra Bridge Co.-—50-Cent Common Div.—
The
planned
company
accumulations
share
;on
$5,280,024
515,594
Jack Frye; George M. Gillies; Charles E. Mathews; Kenneth
Murray; Benjamin F. Pepper, and T. B. Wilson,—V. 161, p. 2041.
II.
Outlined—
output con¬
throughout the world, the manageproduction and steady em¬
post-war objective io assure employees regular
this
payable June
The
43,545
$6,366,705
1944
Executive
Other
the
of
output
disbursed
„per
2,601,832
received
inc.
$5,183,223
116,777
1944
$3,0?2,071
249,240
renegotiation—
Federal
surplus..
of common
new
Todd
of
.
52-weoks
a
Southern Pacific
$5,724,077
profit
on
Dividends
1942
2,839,240
162,723
2,975,829
earned-—-
Interest
and
167,555
4,090,896
expenses-
v-
&
A.
May of Pittsburgh, Vice-President of* the Union Switch
Signal Co.; Swissvale, Pa., Frederick M. Peyser of New York, part¬
ner in
Hallgarten and Co.; Webster B. Todd, Chairman of the Board
forces
armed
a.s
directors
The
account
1945,
$8,236,041
to
TACA
rate as paid
This is at the same
1944.
President,
the
to
go
establishing
Pay $1.25
$100,
and
amortization
Operating
$9,505,257
1945
taxes
adjusted to the final rate for
Four
of 40 cents per share
dividend
a
value common stock.
2,039,600 kv/h,,
To
$8,856,612.
tl943
Co.—Earnings—
Hubert
.
v-
possible loss on patent
for product guarantee,
reserve
$3.40
..been
■
1944
1945
February—
liability
$1,000,000;
contingencies arising
$2,759,385
before Fed.
Note—The
compared with 1.877,000 kwh. for the corre¬
sponding week last year, an increase of 8.GVc;—V. 161, p. 2227.
totaled
Sheaffer Pen Co.—Annual Report-
Years End.
adjustment and
tax series,
notes,
contra),
for
fox
reserve
$300,000;
$44,503,445.
$11,098,530;
$6,821,403;
(per
and
—
for estimated
prqfits taxes.
.excess
$3.06
__——!
assets——:
par
Electric
was
*
to
is
with
(W. A.)
sales——
record
appreciation (excess of quoted market over cost) of securities, other
than bank stocks, $1,256,514;
balance for 390,000 shares outstanding
after
for
Treasury
contract
$3,750,000;
Sullivan Machinery
48,421
—
profit—
Southern Colorado Power
The
(no
S.
$15,127,190),
rehabilitation
litigation.
and
taxes
U.
of
total,
liabilities,
Quarter Ended March 31—
Net
jobs.—V. 157, p. 646.
National Shawmut Bank of Boston, $4,100; common
par),
$5,000,000;
capital
surplus, $2,574,816; unrealized
to
payment
other
goodwill, $1;
income
under
less reserve,
plant and
and amortization of $9,872,$536,090;
etc.,
accrued
(after
thereof
plant
conditions,
and
and
other
advances
and
per
$8,856,612.
fund
income
ton———^
per
ployment program
cost
and
contracts
war
Net
—
ton —————————
Hugo Goldsmith.
•
(aggregate
licenses
payment
of
16, will be
p.'707.
$7
tinues
1945
accrued interest receiv¬
cash in banks, $254,227;
war
in
post-war
54,685
...2
—
corporation
the
meyt
i
prices
$33,273;
$76,047;
receivable,
accounts
of kew
City
July
to
Post-War Planned Production Program
securities.
Sheet,
for
Mar. 31,'45 Dec. 31,'44
..
May 19 and Nov. 20,
books, $5,014,9391, $8,271,453; shares of capital stock of eight suburban
banks,
1952, have been
interest.
Pay-
the
of
applied
expenses,
payable
profits taxes,
excess
dent;
$15,269
$3,983
—
—
"Exclusive
of
Federal
of
receivable, etc.,
accounts
for depreciation
reserves
claims
Sport Products, Inc.—Pays 40-Cent Dividend—
58,493
Dividends declared
Surplus
and
Bank
of
.$500,000; capital stock t$5 par), $6,502,910; capital surplus, $6,244,447;
v earned
surplus,; .l$8,424,465:' treasury stock (27,662 shares at $5 per
share), Br$138,310; total, $44,503.445.—V. 161, p. 1664.
$73,761
58,494
-
1,
101 ya
...
per
161,
The
3,898
8.348
3,573
20,488
tax—
earnings
April
at
for
fop' working
Malartic Mines Ltd.—Operations—
current
on
on
"Net
1945,
Sheet, March 31. 1915
&
.
tax and
be
to
ou.
National
loss summary
hand, $9,093,175; U. S. and Canadian
$7,455,400; accounts and notes receivable
prepaid
$5,589,995; patents,
termination
1942
$91/267
income
16,
Chase
and
Liabilities—Accounts
,
4% Debentures—
supplies
provision
.
time upon presentation and surrender of said debentures.—
1663.
Production
Net
1944
1945
3 Mos. End. Mar. 31—
Expenses
July
The
milled,
—V.
1943
511),
unlisted
1469.
p.
and
on
deferred notes and
•
equipment (after
reserve
161,
4 ft' debentures due
on
at
Quarter Ended—.
Association—Earnings—
$76,570
from
stricken
be
profit
(per contra), $1,000,000; post-war refund
4„V,
5211,622;
any
Operating
Federal
made
Operating cost
$37,050
will
cost,
and amortization for the
above
'
161, p. 1810.
Total
outstanding
Sladen
937,155
—
Fed. cap. stock
stock
1.—V.
June
on
redemption
be
161, p.
$118,536
79.5c
tract
'
Net
V.
22,500
$123,835
wiCl
paid at
.
60,597
1,030,218
surplus
Quantity of gas made—Mcf..—
Holder cost per Mcf. made
Shawmut
preferred
Balance
banks and
at
the
$503,046), $9,426,977; war contract termination claims (net), $720,517;
inventories, $7,317,668; working fund advanced under fixed fee con-
on
York, trustee, 11 Broad St., New York, N. Y.
The full redemption price, plus accrued interest
$750,366
612,980
60,431
30,800
Quantity of gas sold—Mcf—
Revenue per
Mef. sold—.
—V.
the
for
meat
1944
1345
$328,046
earnings—————————————
Total operating expenses* and taxes
———
Total interest deductions
:
Prevision for Federal income taxes
gross
income* to
available
called
Quarter Ended March 31—
Net
cumulative
privileges
in
bonds,
in
lcEeL/eserve for ^tful accounts, allowances and discounts
preierrcd stock, 4ft
redemption on June 1, 1945,
Simmons Co.—To Redeem
V.
Seattle Gas Co.—Earnings—
Total
5% Pre¬
the Cuib Exchange at the opening of business
Juiie 1, 1945.
*vW>
The company has notified holders of the deposit receipts represent¬
ing shares of the 5ft"-: cumulative preferred stock which have been
deposited for exchange for the new preferred stock that certificates
All
•
Consolidated
Government
cumulative
for
5ft
trading
;
£36,040 of 5%: 50-year
Payment will be made
Commerce,
trustee, Two Lombard Street,
Coupon No. 67 due July 1, 1945, should be
1962, at par.
as deductions
$685,201.
to
-'J:',
V
V
series, $100 par, have
at $105 a shave plus
dividend of $1.25.
Stock may be surrendered on and after
1945. to the Cleveland Trust Co., Cleveland, Ohio.
accrued
:
has called for redemption on July 1, next, for account
sinking fund,
1,
V
Ail outstanding shares of 5% cumulative preferred stock, series AAA,
$100 par, which were not deposited for exchange on a share-for-share
•
*,
Paulo Electric Co., Ltd.—Partial Redemption—
company
The
of the
Jan.
UJ,Q
.
included
amounted
Assets—Cash
June
Sao
2040.
p.
Sherwin Williams Co., Cleveland, O.—Calls
ferred Stock—
;
...
Berryman
4
161,
«
Kenwood, trustees has filed a petition, in Federal court
at St.
Louis for authority to pay two: installments of interest due
jan.
l and July 1, 1945, on the 4ft second mortgage income bond
certificates; three installments due July 1, 1944, and Jan. 1 and
July 1, 1945, on first terminal and unifying mortgage bends and four
installments of interest due Jan. 1 and July 1, 1939, and Jan. 1 and
July 1. 1940, on general and refunding mortgage bonds.
:
Hearing on the petition will be held June 15.—V. 161, p. 2115.
^0|®~The total provisions for depreciation
period
■
It
1469.
161, p.
_V.
2339
•
S0-37
of war con¬
2,500,000 shares of common stock at $6 per share,
the amount of $13,500,000.
will create a capital
surplus in
Company—Company
was
incorporated in Texas May 27, 1912. Com-
2340
Texas, and is
Company is engaged, as public utility company, in the generation,
purchase, transmission and distribution of electricity. It sells electricity
to residential, commercial, farm, industrial and
government and mu¬
nicipal customers and buys from, and sells electric power and energy to,
other public utility companies and governmental agencies. Company has
4%
mtge. notes due Sept. 4, 1948——•
15-yr. 4 '/2% conv. debs, due Apr. 1,-*60
4%
"The
the
oper.
Other
$5,027,415
revs
income
(net)
$4,865,142
110,340
110,287
$5,137,755
2,379,349
$4,975,428
$5,134,234
$4,133,655
2,374,690
2,286,380
2,308,162
of
First
Dec.
the
—
been
31,
Bank
is
to
is
Total
inc.
Net
deducs
$2,758,406
interest charges
$2,500,000
the
on
$2,600,739
amounts
of
names
the
underwritten
several
are
of
will
with
of
underwriters
and
the
Stroud
Harriman
The
425,000
Ripley
Inc.
&
Mellon
Securities
Salomon Bros.
Corp.-
& Hutzler
Webster
<fe
1,100,000
and
Union Securities Corp...
White, Weld & Co
1,100,000
A. C. Allyn and Co., Inc.
675,000
Central
Republic
Co.
(Inc.)
—
Burr, Inc
Harris, Hall & Co. (Inc.)
W. C. Langley & Co
Merrill
Lynch,
Pierce,
S.
Alex.
H.
Laurence
M.
Riter
&
—V.
full
100,000
entitled
Co
Adams
&
&
Co.,
Co.—
Milhous, Martin
Knight
675,000
&
Mc-
425,000
i
—
Inc.
Textron, Inc.—Debentures
Offered
A
—
of 22"
group
underwriters, headed by Blair & Co., Inc., and Maxwell,
Marshall & Co. on May 22 offered $5,000,000
15-year
4V2% convertible debentures due April 1, 1960 at par
and accrued interest.
Dated
(A.
&
1,
April
O.)
1945;
payable
V''"'/'!;
due
April
1,
1960.
Principal
and
interest
principal office of Central Hanover Bank &
Trust Co., trustee, New York, N. Y.
Debentures in coupon form and in
lully registered form in denominations of $1,000 and $500.
Redeemable
at
at
option of corporation
tion
of
the
interest
the
to
of
common
15
shares
$500
if
1947,
stock
of
for
Into
stock
takes
shares
and
two
years,
and
30
on
through the
or
days'
notice
at
opera¬
102Va
plus
for
place
12%
stock
in
the
between
shares
of
20 shares and
basis of
denomination
in
April
the
1,
shares
of
of
30
shares
$1,000
and
denomination
1945,
stock
common
10
the
on
debenture
a
and
March
respectively
in
stock
common
of
31,
the
respec¬
tively in the remaining two years.
Company will covenant in the in¬
to pay
to the trustee as a sinking fund for the retirement
of debentures by purchase or
redemption the sum of $128,125 not less
than five days before each semi-annual
interest payment date,
begin¬
ning with Oct. 1, 1945.
denture
Corporation—The corporation is
1928 of two companies
specializing
verting
of
Rhode
synthetic
Island
April
Subsequently
•Prior to
1942
16,
1928,
March
on
Rayon Corp., and
24,
May
on
the
The
yarn.
an
outgrowth of a consolidation in
in the dyeing, processing and con¬
present
under
its
1944,
corporation
company
the
1939,
18,
incorporated in
of Franklin
Rayon Corp.
was
changed to Atlantic
name
name
was
the present name
adopted.
in the synthetic
was
was
primarily engaged
yarn converting business, with complete facilities for the
dyeing,'twist¬
ing and throwing of various types of
synthetic yarns.
Ln addition,
it acted
wholesale
as
by certain
of
the
distributor
of
raw
synthetic
manufactured
yarns
leading
producers.
In
1942 the corporation and its
Bubsidiary received substantial contracts for the
production of para¬
chutes and parachute material.
In connection with the
of
manufacture
the
parachutes and
modern
excess
ture
and
subsequently of
efficient
sewing
plants
facilities of the sewing plants
sewn
products for civilian
of
"Textron."
additional
many
were
were
of
name
established,*
put to work
to
use,
sewn
be
sold
products,
In
1943
the
the manufac¬
on
under
the
trade
To
supplement and expand its
supply of yarn
end fabrics, the corporation in
1945 acquired over 97% of both
classes
of stock of Manville Jenckes
Corp.
In its manufacture of consumer
products, the corporation.performs every operation
(except dyeing and
finishing of cloth) from the processing of synthetic
yarns to the manuftceure and sale to the retail trade of
finished textile consumer goods.
The corporation not
only processes synthetic yarns but uses in its
own
weaving mill that portion not sold to the trade.
There It
is
Into
woven
various types of
better-grade cloth.
A large part of the
latter,
after being converted from
greige goods (dyed and finished) is
shipped
to the corporation's
sewing plants where it Is cut
according to pattern
and manufactured into finished
civilian textile products
designed and
styled by the corporation's own staff of
experts.
These items include
shower curtaiqs made from
water repellant
fabrics, bed spreads, and
vanities; draparies; lining .materials and
piece goods; laidies' lingerie,
ships and housecoats; men's
pajamas, shorts, shirts and many other
related items.
Purpose—It
is
anticipated that the net proceeds of the
debentures
(estimated $4,682,088) will be
used bv the corporation as
follows:
(1)
To
the
5If
year
extent
convertib'e
of
$1,920,850
debentures
cipal amount of $1,874,000
owned
paid
bv
the
To
(2)
reimburse
bv
it
$110,170,
and
as
$117,000 of
which $54,000
of
through
are
treasury
for
retired
redeem
at
5%
not
of
such
1945,
of
In
converted
the
the
common
corporation for
debentures acquired
have
the
now
namely
tendered
balance
to
are
call
Newmarket
retired
Dec.
31,
of
specified
period
the
call
on
such
f5)
a
portion
such
production
the
extent
unpaid
of
balance
$323,319
of
a
the
As
to
anv
thereof
remninine
the
Boston
production
terminated
as
of
of
Inc.,
by a
corporation
the
loan
outstanding
stock
of
Manville
made
of
proceeds
by
First
to
reduce
National
$4,500,000
and
to
the
Bank
of
applied
bv
outstanding stock of
Manville
the
directors
such
preferred
of
of
also
stock),
for
the
and
the
preferred
of
so
is
such
selling
pur¬
for
of
$54.75
Jenckes
fits
Corp.
of
cost
the
additional
stock
price
of
aggregate
tation for
so
per
$58,
as
full shares.
direct.
The
acquired has been further reduced by the $1.25
full share paid for the scrip
certificates, or an
the corporation received the amount on
presen¬
Accordingly the present cost price of the shares
so acquired as shown
by the books of the corporation is $5,375,775.
Of this amount the corporation
furnished $571,000, borrowed $4,500,000 from First
National
Bank, Boston, on its 4%
notes, payable
Dec. 31, 1945, secured by all
000 from American
Feb.
so
acquired, and borrowed $500,Associates, Inc., on its unsecured 4% note dated
1945, and payable Dec. 19, 1946.
This latter note was reduced
21,
to $323,319
Corp.
the stock
after the offer
not
was
expiied,
all the stock of Manville Jenckes
as
an
agreement dated Feb. 28, 3945, American
Associates,
Inc., deposited the sum of $500,000 in cash with First
National Bank,
Boston, to be held by the bank as further
security for the repayment
of its loans to the
corporation but when, as and if American Associ¬
ates,
Inc.,
entered
into
certain
a
purchase and sale agreement with
Corp., said sum of $500,000 will be held
by the
bank as security for the
performance by American
Associates, Inc., of
its obligations under the
purchase and sale agreement.
The corporation, in consideration
thereof, agreed to cause Manville
Manville
Jenckes
Jenckes
Corp.
further
agreed
of
enter
that
if
into
It
such
purchase
and
sale
written
request of
Dec.
31,
1945,
agreement
agreed
that
American
purchase
at
the
time
consideration,
market
Associates,
at
of
to
Inc.,
and
par
such
the
given
accrued
purchase
corporation,
Manufacturing Co. under
it
all
at
time
any
interest
the
prior
$500,000
would
assign, without
rights against New¬
its
so-called Cloth
a
intends
payment of
the
to
31,
small
The
that
of
make
such
purchase
Commitment
debentures
of
Agreement
now
offered,
the
debentures
shortly after the
of
office
purchase
and
Manufacturing
equipment
sale
agreement
known
shall
Woonsocket
purchase
all
of
the
real
Manville
selling
either
realized
the
New
York
mentioned
Rayon
estate
water rights
appurtenant thereto
equipment) known as the Manville
date.
with
in
of
in
is
Jenckes
the
excess
Corp.,
that
(but
to
specified
sold
on
lease
it
to
plus
for
Dec.
as
above
30,
not
date
properties
was
book
this
term
of
property
of
will
the
reserve
$1,524,973
if
provides. that
of
and
,an
its
calendar
op¬
manu¬
year
satisfaction
1945,
of
the
Manufacturing
at
time,
any
directives
of
the
production
cloth
shall
involved
in
War
Production
however,
not
such
that
apply
sales
Board
the
to
sales
be
to
taken
fore¬
to
or
25 %
to
this
required under
M-356
orders
and
M-328, ,or like direct governmental export
with respect to the quantity of manufac¬
necessary
which
option
the
holder
of
the
option is entitled.
The bene¬
including the cor¬
assignable to certain parties,
are
I
•
,
the above mentioned
American
of
Associates,
' '
...
■
:
V
■
Inc.,
of
name
debentures
each
which
each
Chace,
Amount
&
Co
&
Inc.
Paul H.
G.
Frank
Mason,
The
*
Davis
&
350,000
150,000
Hano
150,000
~
goods
200,000
_____
of
Calif
.-100.000
Inc....
100.000
—
150.000
Scherck,
150,000
Co
less
Co
Co.
Inc.
Straus
Income
Statement
returns
&
allows..
sold
Richter
&
for
Co
100,000
Blosser
350,000
Calendar
1944
,
of
350,000
Rauscher, Pierce & Co.,
Co.,
Consolidated
100,000
350,000
Co._-._-
Perrin; West & Winslow
Ohio
150,000
Hill, Richards &
Cost
&
$100,000
Co..
Co...
The
Sons.
&
Inc.
sales
&
&
Milwaukee
Newburger
Co.-
&
Fraser
Moran
Pacific
Co....
&
as
,
Knowlton
MacColl,
are
Amount
150,000
Edwards
7
principal
100,000
.
!
Herrick, Waddell
Gross
the
purchase
•
150,000
____
Torrey.
Courts & Co
A.
and
agreed to
v" •'>7".
Name—
200,000
Whiteside
Warren,
Cohu
underwriter
has
J-''-v '
Boettcher
'
-
Years
1943
1942
$26,568,011 $23,871,561 $13,722,014
21,736,235
20,856.540
12,029,760
2,187,928
925,050
435,284
.
Selling,
general
Profit
Other
from
&
admin,
exps
operations..—..
income
Total
...•_
$2,643,848
$2,089,972
117,801
;
63,582
$1,256,970
40,528
$2,761,649
413,893
$2,153,555
$1,297,498
455,873
380,714
;
the
on
same
privilege
be
the
price
"
of
the
proper¬
corporation
to
advantage elsewhere
(2)
sold
with
on
years.
or
before
The
carried
on
In
cause
Dec.
of
call
case
Federal
normal
excess
Post-war
the
same
applicable
and
basis
to
of
said
$1,446,118,
was
so
respectively $1,471,672
value of $2.3^8.932.
$2,283,378.
that the
and
Accordingly,
maklng
t,hfT
thereby is primarily to sales ln
provide
book
net
the
or
proposed
sP"e °' 'he Dock
cash
which
value
an
reSU" .* loss t0
would
profits
for
of
4
114,000
tax_.__.___
85~66o
1.750,000
realized
in 1945
profit.
484,000
Crl26,000
54,000
126.600
7-
1,260,000
Crl75,000
be
64,000
22,000
Crl5,840
$553,596
161, p. 1922.
1350
This
$267,184
$414,681
Broadway Realty Corp.—Tenders Sought—
company, with offices at 444 Madison
Ave., N. Y. {?.';■! will until
o'clock noon on June
1, 1945, receive bids for the sale to it of
Herald Square
Building first mortgage leasehold sinking fund income
1, 1948.
Notice
of
acceptance or rejection will be
before June 4.
Offering should be made at a flat price.
The
company has accumulated cash available for the
purchase of its
bonds and has
deposited with The New York Trust
Co., 100 Broadway,
New York, N. Y.. as
its agent, the sum of
$65,000, which'may be used
insofar as practicable
for the purchase, in said
manner, of bonds at
prices satisfactory to the
company.
The company reserves the right
to accept tenders
requiring the disbursement of cash in excess of said
sum of
$65,000 for future sinking fund
purposes, and to deposit the
necessary cash with The New York
Trust Co.
•
*
Interest will be paid
to'June 11, 1945, on accepted bonds.
It was also
announced that the
corporation has purchased bonds at
an
average price of 89%
during the last six months.—V.
bonds
due
mailed
on
May
or
160, p. 2336.
Thompson Aircraft Products
Co.—Earnings—
3 Mos. End. Mar. 31—
sales
(incl. sales
Net
Inc.
and
of
aggre¬
sales
to
enable
'
to
Thompson
1944
1945
Products,
subs.)...^.
Other income
■'<
^
$14,117,439 $15,993,284
_____
36,643
...
30,780
Total
Cost
of
products
General
and
$14,154,082 $16,024,064
sold..-.
admin,
12,486,900
I
133,659
royalties and management
258.876
expenses
Charges of Thompson
Products, in accord, with
agreements cover'g
Interest
expense
...
76,168
Empl. retirement premium
Fed.
taxes
Provis.
for
Previous
Total
income and reneg. refund.""
general contingencies.
;
908.300
-
I_
earned
$49,164
in
surplus
1945
for
and
be
the
1,513",700
75,000
$206,789
1,328,017
surplus
A^"t*-.Provision
280,395
131,886
75,000
$220,783
...
earned
13,652,970
149,330
8.390
on
Net profit
_.l
depreciation
$42,610
in
and
$1,534,806
amortization
511,093
$731,87i
amounted
t<
1944.
_
Balance
on
Manville
loss
39.000
"
surtax
contingencies...1....
wage adjust
to
sav.
amount
respectively
$837,259,
and
12
Manville
The
tax
45,000
retroac.
Balance
Manville
properties
tax
-V.
_
profs, tax
refund
Provision
Prov.. for
Est.
excess
of
31, 1945, and
Rayon Plant,
Woonsocket
the books
some
the
val.
to
agreement
foresaid
—.
deductions
declared
Federal
of
required
This
customer
profit
Income
Fed,
and
Jenckes
based on approximate
cost to predecessor
corpo¬
since date of
reorganization, June 17, 1933 at
of $2,996,646 and the
Manville properties, to be
on
above
58Vd%
the
payment
Newmarket
callable
Blair & Co., Inc
$1,000,000
Maxwell, Marshall & Co.
450,000
Bateman, Eichler & Co.
100,000
Woonsocket Rayon
properties.
a
years,
?e-'kes CorpofVmS°
incurred
1945,
Rayon Plant, this
property may be (1)
term
a
stated, is
1944,
stated,
depreciation
said
net
a
value
additions
at
sold
gate
sell
gross
cost,
of
provide
guarantee
the
corporation
a
less than the
stated prices not
the
above
as
for
31,
provided
but
to
as
production, or (3) sold outright.
properties, the corporation intends to
back
a
will
effect,
at
Woonsocket
back
of
Corp.
at,
in
properties
the
leased
be sold
will,
Dec.
parties
better
of
portion
Corp.
above
on
31, 1945, but it is the intention
dispose of these properties to
Manville
Jenckes
to
said
Dec.
to
case
and
a
the
agreement
for
than
the
a
buildings, together with the
including machinery and
above,
for this privilege the sums of
$8,000
and $2,000 as to the
Manville
will, in effect, guarantee the
corporation
This
for
final
of
total
Name—
not
third
pay
latei
of
City.
properties for $200,000
however, will have the
properties
of
Plant
and
properties
customer
exception
Associates, Inc., shall purchase for
$1,000,000 in cash
manufacturing plant, water rights,
machinery and equip¬
as
the
entire
ment
machinery and
Co.
located
American
the
even
Associates, Inc.
market,
authority;, provided,
the
Underwriters—The
and
issue
provided
land, buildings,
Newmarket
amount
the
of
have sub¬
1946.
such debentures
have not been retired
by Newmarket Manufacturing Co., in which
event
the
rights under the Cloth / Commitment
Agreement will terminate
on such
retirement or Dec. 31,
1945, whichever is later.
American Associates,
Inc., paid the Newmarket
Manufacturing Co.,
$500,000 in cash for the registered
debentures due Dec.
31, 1954, and
the Cloth Commitment
Agreement above mentioned.
These registered
debentures bear interest at the
rate of 6%
per annum and are sub¬
ordinate
to
a
note
from the Newmarket
Manufacturing Co. to the
First National Bank of
Boston in the
principal amount of $700,000
secured by a first
mortgage on all the
equipment
of
amount
dated
Nov.
9,
1944.
Furthermore,
to give the corporation the
right to acquire such debentures
rights under the Cloth Commitment
Agreement as aforesaid upon
request of the corporation given at
any time prior to Dec.
agreed
Corporation
at
remnants)
under
from
follows:
Commitment Agree¬
American Associates, Inc.,
ment
and
If
will
However,
agreement dated Feb, 28, 1945, how¬
had allocated during the year
1945,
7/36ths of the manufactured cloth, but not
exceeding 100,000 yards a
week, of said option quota to a
company not associated with the cor¬
poration or American Associates, Inc.
and
rights under the Cloth
not.
sale
mentioned
American
part,
and
principal amount of registered debentures of
Newmarket Manufacturing
Co.
(name changed from
Newmarket Manufacturing
Co., Inc.), due
Dec. 31, 1954, now owned
by American Associates, Inc., which
company
further
all
or
the
income.
should
sell, prior to Dec. 31, 1945, $5,000,000
convertible debentures, then and in
such event it would, at the
new
to
to
cloth sold
orders
Prior to
acquired.
to
gives
in
the
are
governmental
cloth
ever,
made,
dividend
until
amount
debentures
and
poration.
payable April 2.
Ac¬
$18,487 which has been
25-cent
Agreement
Co.
or
including
thereafter
deductions
tured
acquired at not more than $55 per
and $11
per share of common stock.
It is
corporation to acquire 100% of both classes of
said prices.
After the offer for the stock was
the
(not
principal
allocation
per
stock
received
and
the cloth
WPB
above
the
stockholders
business
subject to the option and 75% from the cloth
available
to other customers, and American
Associates, Inc., agrees to furnish
the necessary certificates to evidence
export allocations
a dividend of
the books of the corporation to reduce
the cost of the stock
on
Commitment
Said
other
from
the remaining
Manville
back
that
substantial extent, by tax savings, the amount of
which'
the operating results for the year and other
factors
through converters,
be
can
50%
going
$11
shares
prices
shares
rented
are
$1,108,932 v#n
a
on
cloth
cations,
or
were
and
acquire
742%
same
the acquisition of
shares
common
contracts. to
at
was
allo¬
paid
certificates
scrip
stock
Corp.
authorized
and
shares
has
preferred
Jenckes
price
have
preferred
as
said
of. net
that
Jenckes
Furthermore, preferred stock purchased during the three
weeks following March 16,
1945, was paid for at a price of $54.75, as
ration,
repay American Associates,
in said amount
represented
monies borrowed bv the
to the corporation ln
the amount
corporation to the purchase of
the
Jenckes Corp.
the
to
balance
outstanding
of
shares
Manville
such
bv Tev
Corp.
Co. deben¬
and if so retired
option on the cloth would cease at retirement. but
not before
Dec! 31, 1945.
The manufactured cloth involved in this
option is the
total production less cloth sold under
prime contracts to governmental
agencies, cloth sold for government "end" use either to
prime or
sub-contractors, cloth sold under any future direct governmental
shares of
The price
aggregate price for all stock
an
Corporation
1,446
of
or
of
company
Jenckes
the
Manville
of
share of preferred
cordingly the corporation received
In
debentures have not been
thereby
loan
corporation evidencing
and
applied to the purchase of
Jenckes Corp.;
extent
on
1945);
then
note
a
Manufacturing Co. (provided
and
T°
the
for
stock,
and
shares
Corporation
stock.
the
on
Manufacturing
purchase in whole
tures.
stock
common
said
Manville
back, it is believed
effect
Cloth
to
factured
following weeks during which
acquired 75,866 shares of pre¬
shares of
in
determinable.
now
tion
acquired.
attempt
the
740
and
of
.
interest
properties
rented
Newmarket
17,
credited
offset, to
depend
will
$500,000
Jenckes
Corp.
to
extent of
approximately $500,000 to purchase from Amer¬
Associates, Inc., $500,000 of debentures of
Newmarket Manufac¬
turing Co. (name changed from
Newmarket Manufacturing Co.,
Inc.)
a
be
dividend of 25 cents per share of
preferred stock of Manville Jenckes
was declared
to stock of record March
a
•
no
not
share of preferred stock (plus $1.25 per
certificates representing preferred stock,,?:
per
scrip
$5,394,319.
stock
intention
be
ican
and
of
The
ties
amount
it,
been
15-
prin¬
stock;
the
by
principal amount
sinking fund and
the
into
the
canceled;
(3) To
102%
outstanding May 7,
(exclusive of $63,000
principal amount
corporation)
(he
to
regis¬
15-year
proceeds
the
with
debentures
common
holders
delivery
Pursuant
period of six years from April 1,
a
common
debenture
a
common
conversion
part
redemption.
convertible for
thereafter,
25
next
of
date
will be
but not
in
or
sinking fund at any time
Debentures
1945,
whole
a
as
100,000
so
the
three
of
full
of
100,000
the
corporation
the
share
100,000
Webster & Gibson——
in
5%
one
stock if possible at
100,000
retired
of
warrants.
which
except
the
Co.—_
of
Manville
shares
$55
common
outstanding
100,00C
and
of
114,236%
to
and
Reynolds & Co.._
$6,000
exchange for
upon
share.
R. A. Underwood & Co.,
conversion
upon
to be
are
purchase
and
open
few
a
100,000
——
of
111,101
when
Inc.
425,000
1945,
100,000
Inc.
which
Stock
of
was
for
stated,
100,000
Smallwood
Co.—
16,
and
dividend
a
later
Rauscher, Pierce & Co.,
161, p. 2228.
conversion
shares
common
;
■
_
425,000
additional
An
stock were also
common
are
The
the
share of
per
Perrin, West & Winslow,
425,000
warrants.
issuance
primary
only the Manville properties are rented back, it is believed
that full
production from the Manville properties can be maintained with
other
types of products.
It is expected that the book loss of
,v
As
300
share
chased
Co
debentures
remained
said
being
100,000
—
100,000
&
purchase
for
the
of
all
stantially
com-
reserved for issuance
were
Corp., out of total issued and outstanding shares of 78,435%
for
&
Kirkpatrick-Pettis
—
registered and
so
whether
properties
conversion
upon
the
stock
205,000
425,000
Marks
Co.
been
the stock
preferred stock and
100,000
100,000
Equitable Secur. Corp.—
issuance
effect to the conversion of any debentures or
stock purchase warrants subsequent to May 7, 1945.
1945, 1,040 shares of common stock had been issued,
March
205.000
—
—
for
any
7,
offer
205,000
Clement A. Evans & Co.,
Inc.
——,—
Byllesby and Co.,
Inc.
On
'its
205,000
J. J. B. Hilliard & Son—
Co.
per
giving
on
ferred
675,000
Brown & Sons—-
M.
205,000
675,000
Company
Anthony &
reserved
less
to acquire its physical properties, but to
acquire its wide loom
production of highgrade spun rayon and wool blend
fabrics, as well
as
to augment its supply of other types of
goods at least
during the
present scarcity of textile products.
The effect of these
proposed sales
on
the business and income of Manville Jenckes
Corp. will depend
on
Man¬
$1
(par
100,000 shares of the authorized and unissued
Acquisition
Scrib-
Inc.
&
be
the exercise of stock
upon
Co.—_
Ballou,
675,000
Tucker,
May
Yarnall
675,000
stock
common
corporation's
not
issue.
Stern Brothers & Co.—
Courts
& Co—
Shields
&
this
shares
205,000
&
-675,000
Fenn
to
reserved
convertible
of
205,00G
Co.—
Starkweather
Jackson
Webber,
of
authorized
The
500,000 shares to 600,000 shares.
150,000 shares
unissued
common
stock have been registered
are
also
were
{Before
205,000
—
675,000
H. Rollins & Sons—
E.
<fc
Deane
and
exercise of
M. Newton & Co
675,000
& Curtis
Phelps,
of
Co.._____
ner
675,000
Moseley & Co.——
Paine,
425,000
E.
*
have
stock
7
Inc., of about $5,376,000.
tron,
425,000
Wiscon.-in
Putnam
675,000
Fenner & Beane
F.
5%
Singer,
675,000
—
&
425,000
H. Walker & Co,____
R. L. Day & Co.205,000
The Illinois (?o
205,000
1,100,000
1,100,000
and
and
exercise
tered
Auchincloss,
Parker
&
Redpath
Bacon, Whipple & Co.__
1,100,000
Blodget, Inc.
Coffin
Inc.__.__
Co.,
Whiting, Weeks & Stubbs
1,100,000
Smith, Barney & Co....
Stone
&
Dean Witter & Co,
1,100,000
from
debentures.
stock
425,000'
G.
Co.,
-
SEC
the
shares of the authorized and unissued
The First Boston Corp.-$1,100,000
Blyth & Co., Inc
1,100,000
Eastman, Dillon & Co... 1,100,000
the
the
upon
follows:
as
1945,
the
were
$3,770,322
applicable thereto of $1,929,889, or a net book
value of
The capital stock and surplus (net worth) of
Manville
based on the Dec. 30, 1944, balance sheet,
adjusted for
said loss, would amount to about $5,300,000, without
any
adjustment
for 1945 earnings or the expected tax savings on said
loss, compared
to a price paid for about 97%
of the
The bank loan is
secured
by pledge of all of the stock of
acquired by the corporation.
9,
authorized
the
mon
re¬
April
increased
the
and
outstanding,
2%
Underwriters—The
share)
Series bonds
1975
of
be
to
ville Jenckes Corp.
$1,825,494
$2,847,853
$31,500,000 of
10-year Serial notes to be initially
amount to $866,250 and $50,000,
respectively.
spective
will continue
tAs
income
Annual
and
properties
which
some furniture and fixtures,
at a gross book value of
date
Jenckes Corp.
paid
completed, the bank loan will not exceed $2,700,000.
income
Gross
above
$1,840,432.
{99,260 shs.
of
4%
on
depreciation
$222,660 shs.
the 4% banx
bank loan, "Which
holder
the
part of
the
and
Warehouse
carried
10,152 shs.
off with the net proceeds of tne
estimated that after this financing is
be
It
offered.
now
A
remain
1946, is to be paid off from
offered, subject tothe ap¬
now
of'Boston,
obtained.
1945,
render
proposed
Darlington
10,152 shs.
f600,000 shs.
100,000 shs.
$50)—
debentures
*$nnn'nnn
,
4,500,000
;
stock——
com.
National
which has
debentures
20,941
52,888
1945..
promissory note due Dec. 19,
proceeds
of
matures
$4,112,714
$5,081,346
for
wrnts.
4%
net
loan,
Net
31,
its loan from the First National
Bank
the bank imposed in
making'th*
sales, besides the current
assets, cash sur
value of life insurance policies and deferred
charges, there win
the machinery and equipment of the Manville
the
After
loan.
5,000,000
5,000,000
500,000
1946-——
19,
Dec.
pr. pref. stk. (par
stock
(par $1)——
pur.
proval
rev.
oper.
due
cumul.
Stock,
Ended
'Feb. 28,*45 Dec. 31,'44 Dec. 31,'43 Dec. 31,'42
(electric)--$16,418,785 $16,221,052 $14,757,774 $12,550,751
deducs.
11,391,370
11,355,910
9,676,427
8,438,037
revs,
Total
Months
12
note due Dec.
loan
Common
Summary of Earnings
oper.
bank
$2.50
subsidiaries.
no
prom,
4%
further
reduce
Boston, one of the conditions which
of
Outstanding
Authorized
.
Co.
to
corporation
Capitalization Giving Effect to Present Financing
is a public utility company operating wholly within the State of
a subsidiary of American and of Electric Bond and Share
pany
Monday, May,:28; 1943;,.
CHRONICLE
THE COMMERCIAL & FINANCIAL
at
Sheet,
March
31,
1945
Assets—Cash, $6,212,927;
lower
excess
cost
profits
or
accounts
receivable, $3,382,771; inventorie
market, $4,765,111; post-war refund 0
(estimated), $345,118; sundry receivables and de
replacement
tax
posits, $44,016; fixed assets
(after
reserves for depreciation and amor
$426,136, and reserve for amortization
of $388.682).$457.801
charges (sundry deferred
charges and prepaid expenses)
$261,704; total, $15,469,448.
tization of
deferred
/
(Continued
on
page
2376)
t
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4389
161
Stock and Bond Sales
DAILY
«»
New York Stock
WEEKLY
-
2341
Exchange
YEARLY
-
NOTICE—Cfcsh and deferred delivery mite are disregarded In the day's range, unless they are the only transactions of the
day. No account Is taken of such sales in computing
United States Government Securities
Below
a
32d of
or more
May 21
fHigh
108.27
108.24
108.21
\ Low
{Close
Treasury
108.27
108.24
108.21
;
Total sales In $1,000 units
108.27
May 24
May 23
108.24
5
—
May 22
Dally
May 25
,
Total sales In $1,000
on
Record
of
U.
8.
Bond
1965-70
Total sales in $1,000
sales
in
BVis, 1951-53
Total
sales in $1,000
f
1954-56
Total
Low
f High
aViS
113.26
1956-59
——{Low
113.26
Total
sales in
$1,000 units
[High
High
\
1947
20.
Low
•
——
[Close
$1,000 units
1945-47
sales In $1,000 units..,
113.26
High
.—
Low
[Close
Close
Total sales in $1,000 units
units
I Hign
High
as, March
-j
1948-50
[Close
Total sales In $1,000 units
Total sales in $1,000 units
[Close
109.25
Total sales in $1,000 units
109.25
[Close
[High
10
$1,000 units
{ Low
[Close
Is, June, 1949-51
[Hign
•{ Low
[Close
Total sales in $1,000 units
I High
A Low
units
Is,
High
1949-1951—..
Sept.,
[Close
Low
1958-63
Total sales In $1,000
Close
units
ll,
[High
Low
sales In $1,000 units
Total
Close
{ Low
[Close
1949-1951
Dec.,
[High
Low
Total sales in $1,000 units
1
High
1945
;*■
Low
•
' "
2s, March,
—»
Total sales in $1,000 units
Total sales in $1,000 units
»%0,
2s,
[High
\ Low
1948
1949-53
[Close
[High
Total sales in $1,000 units
[High:
Total sales In $1,000 units
Close
2s,
[High
\ Low
[close
In $1,000 units
I High
Low
A
(Close
Low
sales
Total
[Close
In $1,000 units
/High
units
1%S
1948
LOW
i
[High
(Close
\ Low
1963-1968
Total
[Close
Total sales in $1,000
.?•
units
\
2%s, June, 1964-1969
Home
101.16
[High
Low
(Close
Loan
/High
{ Low
[Close
2
$1,000 units
Total sales in
/ Low
1964-1969
(Close
Total sales
Owners
in $1,000 units
l%s, 1945-1947
[High
Dec.,
sales
101.16
101.16
Total sales in $1,000 units
2%3,
1
Low
1953-55
2s
[High
■ %s,
102.28
102.28
102.28
1
units
1952-54——
Dec.,
Total sales
[Close
Total sales in $1,000
102.31
[Close
j Low
$1,000 units
\
102.31
102.31
[High
2s,
f High
l%s, 1962-67
1952-54
June,
Total sales In $1,000
Total sales In $1,000 units.
Total sales in
(High
{ Low
(Close
Total sales in $1,000 units
*%S, 1956-58
;-ow
[Close
Low
1%8, 1952-54
\
1951-55
as.
■
1%S, 1950-52
$1,000 units
Total sales In
[Close
v
{ Low
2s, 1951-1953
Low
j
sales in $1,000 units
[High
units
[High
l%a,
[High
Low
[Close
{
1950-1952
Sept.,
Total
[Close
Total sales in $1,000
{
1950-1952
(Close
T*-—
Close
-
—
[High
units
2%8, 1960-65
1%S,
High
\
{ Low
ts, Dec. 1948-50
109.25
[ High
1 Low
2%S, 1956-59
low
(Close
Low
2%s, 1948-51
1951-54
Low
[Close
$1,000 units
Total sales in $1,000
Low
[High.
I ¥48,
Close
2 %S,
3
[Close
Low
sales in $1,000
103.17
\
High
■
"'...v'7*).-
Total
103.17
units
[Close
Total sales In
101
Total sales in $1,000 units
3s, 1951-55
2%8.
101.3
135
103.17
f High
\ Low
[Close
Total sales In $1,000
101
(High
\ Low
[Close
„
2V*n, 1952-55
Total sales In $1,000 units
2%s,
2
101
101
sales in $1,000 units
Close
Total sales in
101.1
5
101.3
(close
Total
units
.
101.4
4
( High
Low
[High
2%s, 1955-60
101.1
101
May 25
101.1
\
2%s, 1967-72
Low
Total sales in
May 21
101.4
$1,000 units
High
~
May 23
101.4
[Close
$1,000 units
•
May 23
101
101
[High
| Low
21/aS, 1966-71
Low
-3S, 1946-48
May 21
units
Close
Total sales in $1,000
year.
Exchange
Low
{
103.21
2
Total
3¥«s, 1949-52
May 19
rHigb
High.
Total sales in
the
[Close
2VaS
units
3VaS, 1946-49
for
the New York Stock Exchange during the current
Prices
Treasury
f High
1 Low
[Close
1%S, 1946-56
bonds
coupon
range
point.
a
May 1!)
Record of C. 8. Bond Prices
4%0, 1947-52
the New York Stock
on
daily record of the transactions in Treasury and Home Owners' Loan
Figures after decimal point represent one
week.
Dally
furnish
we
the
♦Odd
of registered
tTransactlon
sales.
lot
bond.
$1,000 units
in
NEW YORK STOCK RECORD
HIGH SALE PRICES
Wednesday
LOW AND
Monday
May 19
S
per
$
share
♦69%
May 22
per
69%
70
♦111%
Tuesday
May 21
Saturday
112
♦
111 ¥2
share
69%
112
t per
70
♦112%
«70
70
70
69%
69%
15 ¥4
16
15 ¥a
♦27
27%
28
15
15%
15
15%
16 ¥4
28
28
15 ¥4
15 ¥4
;,V-
70
70
♦111'/a
112
73
'
♦70
"
14 ¥e
15%
♦27
28
share
70
5 per
70
112
♦112 ¥2
72
70¥4
15 ¥e
28
May 25
May 24
May 23
S per
share
14%
28
f per
share
70%
70
73.
27%
28
14%
14%
14%
14%
14%
37%
♦36 ¥2
37 ¥2
♦36 ¥2
♦36%
30
29%
29 ¥2
28 ¥a
29
28 ¥a
28 ¥2
28
28
30%
46
46
46
46
46 ¥a
46%
45%
46 ¥2
45 ¥4
46 ¥4
7%
3 ¥a
47
65 ¥2
110
115
110
18 ¥b
160 ¥4
110
♦107
115
7%
♦107
7¥s
700
10
50
28
45 ¥4
♦107
115
7¥a
7%
15 ¥4
19.900
28
1.100
15 ¥a
2,100
37
28%
45%
115
7¥a
100
4,200
4,400
30
4,600
7%
7%
7%
7%
7%
7%
213 %
213 ¥2
213%
213%
213%
3%
3%
3%
3 ¥4
3%
3 ¥4
3 ¥2
27,500
3%
49%
50%
41,300
65 ¥2
66 ¥a
2,200
32
3,600
'
214
♦213
213
213 ¥2
3%
3%
3 ¥2
48%
48%
49%
48
48%
46 ¥4
48 ¥b
47 ¥2
49 %
65%
66%
65%
65%
64 ¥2
6 4 ¥2
6 4 ¥2
65
65 ¥2
31 ¥2
32 ¥2
♦103
105
18
18%
18 ¥4
♦158%
18
18
30%
18
31%
♦103
160 ¥4
18 ¥4
♦17%
30%
30%
30 ¥4
159 ¥2
160V4
18
30 ¥2
31%
105
*
31 ¥2
105
18 ¥4
159%
30%
♦103
17%
157
31 ¥2
105
17%
158 ¥2
3).
106
!
31 ¥2
31
♦103
17%
158
Range Since
Lowest
STOCK
EXCHANGE
NEW YORK
* Per share
'
'
Shares
214%
:
32 ¥a
♦101
110
74
15%
14%
37 ¥2
♦213
112
♦72
37 ¥2
♦110
70%
for
the Week
No par
Abbott Laboratories
4%
—.——100
preferred
No par
Abraham & Straus
,
37%
♦36%
share
112
112
♦36%
15
37%
Range for Previous
STOCKS
Sales
Friday
Thursday
♦103
17%
17%
158
158
18
18%
18 ¥4
18
30
30 ¥4
30
30%
150
106
17%
158 ¥2
-
Co
Motors
Acme Steel Co
Adams
Express
Adams-Millis
——
—2.50
1-10
——1
No
Corp
Corp
Air Reduction Inc—
Alabama & Vicksburg Ry
No par
100
Alaska Juneau Gold Mln
10
Albany & Susquehanna RR
100
Allegheny Corp
1
5 ¥2 % pf A with $30 war.
100
$2.50 prior conv preferred-No par
Algnny Lud Stl Corp.
No par
Alleg & West Ry 6% gtd
—100
Allied
1
Allen Industries Inc
900
18
1,220
30%
30%
4,200
Par
10
Address-Mutigr
700
18
18 ¥a
30%
213
ACF-Brill
Chemical
&
Allied Kid Co
Allied Mills Co Inc
Dye
No
par
8
No par
60¥»Jan 22
111¥4 Apr
9
Jan 15
9% Jan
2
25 ¥2 Apr 23
60
13 ¥a Mar 26
24
6
32% Jan
22 Va Apr
39% Jan
98 ¥» Jan
6¥» Jan
173 ¥2 Jan
2% Jan
34% Jan
56
Jan
28 ¥a Jan
91
Jan
2
22
2
22
24
22
23
24
11
13 ¥2 Jan
2
i53V.tMar26
15% Jan
2
30
May 23
Year
January 1
$ per share
71
114
70
May
Feb
$ per share
Highest
< per
share
5
52 ¥2
Feb
14
108 ¥2
Nov
114
Jan
64
Dec
10%
Dec
Dec
May 19
16 ¥4 May 19
28 ¥» Apr
1944
Lowest
Highest
47
64%
8¥a Aug
1
10%
Jan
14
18
26 ¥2
Jan
33
19%
Jan
24%
49
37 ¥4 May
38 V2 Apr
110
8
214
Apr
24
May 17
Feb
28
May 23
4 ¥4 Mar
Jun
28
30 ¥2 May 19
15% May
Jun
2
50% May 25
75
5¥a
t>ec
July
7%
Apr
181
Jan
2
Oct
July
100
Jan
124
t)eo
43
Mar
3 ¥4
Nov
Dec
23%
Jan
36
bee
Dec
68 ¥4 Mar
1
37
Jan
62
34% Mar
7
24 ¥4
Apr
29% July
70
Jan
102 ¥2 May
4
18% May 17
165 ¥» Mar
6
9 ¥4
141
91
15%
Jan
157
Apr
20% May
3
13% Mar
34% Mar
t
29
Aug
1
16%
Dec
Oct
bee
Feb
35 ¥4 Mar
Monday, May 28,. 1945
CHRONICLE
FINANCIAL
THE COMMERCIAL &
2342
RECORD
NEW YORK STOCK
Range for Previous
STOCKS
LOW
May 19
$ per
49
48%
124
4%
4%
117'/a
116
*
48
*114
115%
115
116 Va
116
24
29% May 18
20
102Va Mar 26
par
38 Va Jan
2
49% May
8
_100
113% Jan
2
125% May
8
Jan
19
29% May
8
3Vs Jan
6
—
—No
23
par
-1
117'/a
117%
30%
31
30%
30%
30% -30%
30%
30%
31
31
Amer
30%
1.600
30 Va
59 Va
60%
61%
59%
60
58%
59%
58'%
59
59»/4
60
4,400
31
31%
32
32%
32%
32 Va
32
32%
32%
33
33
34%
16,800
American
*77
78%
*77
78 Va
77%
77%
77%
*76 %
18%
19%
19 %
19
19
43
43
42%
43%
134
*132%
*1321/4
*106 Va
106%
'
106%
30%
131
131
132
130%
18
18
130%
32%
32 Va
32 Va
33
33%
5%
5%
5%
5%
14
14
*13%
14%
*13%
14 %
13%
13%
*13%
37%
37%
35%
36'/a
3534
35%
*36
36 %
3%
3%
|. 1,300
13%
37
6,000
:
5%
5%
37
6%
79%
85
85
10%
10%
*
8%
10%
10%
>
*9%
9%
*9 Va
9%
*9%
49%
49%
49%
49%
49%
33%
33%
32%
33'/a
32%
:v
9%
49%
33%
*114
114
115
50
50
*76%
77%
76
8%
8%
8%
84
84
9%
10
9'/4
9V«
49%
49Va
49%
32%
33
12%
47%
*140
143
•
*112
v
48%
47%
5%
5
5Va
5
4,000
American
12%
5%
5V8-
5
5
5 Va
74
74%
74%
74%
73%
73
73%
731%:
Metals Co
8%
67
67
67%
65%
'67%
65Va
66
66%
67
14%
14%
14%
14%
14%
*14%
14%
X14 %
14%
141/8
14%
*180
182
*179%
182
*179%
182
182
*179%
Amer
News
No
No
>
Rad & Stand
Am
18%
18%
18%
18%
181/8
18%
18Vb
18%
18%
18%
8,600
American
86%
86
86 %
86
861'a
85%
86 "2
85%
86%
86%
87'A
1,850
4% %
25%
25%
25
25%
25%
25%
24%
25
25
25
25
1,100
American
23
22%
23
/ .34
34%
34%
23%
22%
22%
22%
22%
22 Va
34% '
34
33%
34
32%
33
34
49 %
49 %
48%
165'%
48%
49%
%
165 %
165
165%
44
44
44
*158
162
*158
49
165
44
44
*158
162
44%
44%
44%
48
165
48%
165
165
162
%
162
*158
v
.
;•■>
48%
48 Vs
164%
Va
23%
165
34% y
48%
44%,
>
;
1,900
,
26
7 Va
Apr
9% July
6%
Jan
91/4 Aug
Jan
.
11
46
Jan
50
Jun
14 Vs
Feb
28%
Dec
111 1/4
Dec
2
80%
Jan
7
14%
Feb
14% Jan
9
8%
Jan
31
6
115
May
25% Feb
Mar
2
72
15% May
184
Mar
>
24% Dec
'
12% July
Feb
26
115%
Feb
130
Oct
32-
Jan
43
Dec
2
Jun
20
44%
Jan
34%
33%
33%
33
*21%
33%
22
22
22'%
*27%
28
*27
49
49
138
49
*134%
*135
*31%
31%
168%
166%
*74%
*27
V
49
32
75
76%
22 Vb
Feb
661/4
Dec
401
Feb
60%
Dec
7
9
Jan
12% Aug
16
163
Jan
180
2
6
12 %
Jan
17% July
Jan
2
91% Feb
23
62 Va
Jan
77%
18% Jan
4
25% Apr
17
137/b
Jan
18 V2
Sep
5
13%
Feb
19 Va
Dec
15
261/4
Jan
37%
Dec
17% Jan
15
4OV4 Jan
2
100
1641/4 Jan
3
26%
27
47
47V«
32%
33
167
32Va May 22
4IV2 Apr
100
9
Feb
9
153
74
7G%
75%
76%
75
70 y4
155%
155%
155%
155
15%
16%
15%
18%
15%
16
51 Va
51%
50%
51
51
122
*51%
52%
51%
52 Va
51%
51%
120%
120%
*121 Va
121%
,120'/a
120%
13%
110%
13%
111
*67
43%
12%
13%
12%
109Va
*107%
11%
11%
11
110%
*110
111
6
6
70
7o
34
11%
11%
112%
111%
111%
*109
6
6%
8 Va
6
70
*68%
34%
44
32%
*40%
112
41%
14
*•'
331/4
44
44
32%
40 Va
40%
14
33
111%
40%
44
32%
111%
112
40%
34
34%
34%
.
44
*43%
33%
112
*13%
34%
"
*68 Va
70
*68%
6%.
70
V
34%
.44 Va
33
111%
111%
40%
40%
13
:V"
> 19% Mar
23% May
40
Feb
49% May
172
Apr
45% Mar
160
Apr
8
25
6
25
43% July
Jan
36!
6%
Jan
165%
Dec
45%
Dec
Nov
152%
Dec
22 %
Jun
28%
Dec
15-
Jan
19% July
167/s
Jan
25%
Dec
56
Dec
132
Dec
146
.
$5
Wks
&
*53%
*13%
4%
56 Va
8%
8%
114
114
*117
8
119
5%
56%
56%
8'A
118
*5
*36%
7%
8%
8
114
113%
118
118
5%
57Va
8
*
3
43% Mar 27
117% Jan
5Ve
99Vs Jan
9
$4
36 Va
56Va
*56%
7%
7%
7%
118%
49%
49%
13%
*13%
13 V»
14%
14%
7%
*13%
14%
49%
49%
*49 %
49%
49
49%
13%
13%
*13%
14
13%
13%
*13%
14%
14%
14%
15
14%
14 V«
14%
„
113%
114
113%
118
49
of
Co
25%
25%
25%
25%
122%
122%
*121%
124V4
*113%
114 %
*113%
114V4
25
124%
24%
25%
14%:
No
Illinois
6
13
4,100
50
par
25
24%
25
124%
124%
114
114%
114%
114%
*46
52%
25
124%
124 %
124%
25 V«
122
Arnold
3C0
4,200
Co_„
No
114»/2
6%
250
160
*46
*46
53
53
107%
107%
*107%
94%
94%
93%
113%
114'%
67
*37
*74%
32%
*111
17%
*57
114
67
78
114
66%
65%
38 %
33%
32%
111%
*37
78
111%
*78%
.i.
33
32%
53
108
*107%
92
94%
36%
80
78%
78%
78%
32%
32%
111%
17 y.
16%
57%
•56 %
*111
71%
*21
71%
71 %
71%
119
119
120
*21 Va
13%
14
14
13%
13%
93%
94%
93
93
21%
'
21%
21
2!%
7 Va
7
7 Va
7
71%
*118%
21 Va
•21
21%
*92
20%
7
71 %
71%
120
*
21%
*118'/a
21%
13%
13%
•92
94
64
par
33
71%
114
200
5%
79%
32%
8,000
5%
700
8,700
Atlas
56
56%
400
6%
71%
71%
920
711/4
120
*118%
120
22
22
100
13%
*21%
13%
6% Jan
94
*92
94
92
92
20%
20%
20%
4.000
7 Va
7%
7%
102,000
21%
20 %
20%
7%
6%
7%
13%
20
6%
14%
1,800
40
$5
Dec
Dec
6
25
Jan
39
36% Apr 23
20
Jan
28% Julv
47
Mar
112% Apr
30
44V4 Apr
30
15'/4 Mar
6
5 Vb Feb
14
57
May
8
9%
14%
Jan
2%
Jan
42
Dec
4% Aug
57
Jan
>
>
Jun
6% July
8% Jan
30
47/a
Apr
14
741/2
Jan
107%
Dec
126
85
Jan
119
Jan
2-
Mar 27
"43 Vs'Mar 26
,,
11% Jan.
2
10
Jan
2
Feb
2
49Vs Apr
24
35%
Apr
7
9%
Feb
Jan
Jun
19%
Dec
15
May 21
81/2
46%
Jun
Jan
Jan
113
111
Jan
4
117
14
85 %
Jan
Mar
9
19
33
par
45
106
100
Jan
12
76% Jan 31
101
Jan- 30
100
48 Vs Jan
22
33'/, Feb
l
100
74% Jan
5
25
ZlOO
A
_Z_50
30% Jan
45V2 Jan
108% Mar 23
98% Am-
24
114% May 19
75
Sep
May
Jan
108 %
531/2
Jan
83%
Dec
82
Jan
1061/4
Dec
103V4
Nov (;
Dec
25%
Jan
55
1
25
Feb
38% Nov
Feb
7
59%
Jun
76
Mar
16
40% May
80
Dec
45%
Nov
32% May
2
36% Feb
15
247/8
Jan
20
113% Jan
3
107%
Feb
14Va Jan
22
17% Mar
7
11%
Jan
17%
Dec
55% Feb
19
58
23
531/4
Jan
57 Vs
Oct
62
Jun
par
60
Jan
2
100
113
No
par
Jan
72V4 May 16
Jan
25
119
18% Jan
6
24
Feb
22
15
May
2
95
No
par
10% Jan
No
par
77
Co.
Feb
Apr
110
No
preferred
Jan
May 18
2
52'A
112
114
Apr
Oct
120% Aug
May
20
14% May
Dec
7
Jan
13% May
66
Apr
84 % May
23% May
7
7% May 25
14%
Dec
15 Vs Nov
3%
Jan
18
7
Mar 24
5C
Corp of Del
14% Jan
2
3
51/4 Jan
24
-13
25% Jan
22
30% Feb
11% Jan
22
Jan
13%
Dec
31
20% May 25
35% May 22
5%
19% Jan
0%
Jan
237/s
Dec
12 Vs Jan
24
18
28
91/4
Jan
14%
Dec
77% May 9
44% May 16
Jan
68 %
Dec
211/2
Apr
23%
31
12
Jan
18
Dec
July
14%"
Sep
(The)_ZII~
6
Dec
B
28%
,
,
28%
28 Ve
28%"
28%
28%
27%
28'A
27%
28 V4
28V4
19 V»
19%
19 V«
19%
19%
20%
19
20
19%
19%
19%
34%
17%
35%
34%
35 %
34%
35%
33%
35%
34
35
17Va
17%
18
17%
17%
17 Va
17%
n{A
,*75%
17,500
Baldwin Loco
20%
90,300
Baltimore
35%
35%
34,300
17%
17%
76
42%
43V4
43%
*28%
29%
*28
53
*52%
53
17V4
•V.
28%
'
*76
76%
76
76
75
75%
75V4
42
42%
40%
42
40%
41%
41V4
42
28%
28%
28
28
28%
28%
*27%
29
*52%
53%
52%
52%
*52%
53%
*52%
53i%
1,800
/■
75%
43
29
76
76
•
53%
22
200
4.100
.
300
>
110
21%
22%
22%
23%
22%
23
21%
221/4
21%
22%
22%
11,200
19%
201/4
20
20%
20
20%
20
20 V4
20
20 Vb
20
20%
5,000
39
43%
38%
*42%
38%
*38%
38%
43
*42%'
43
108
108
108%
1081/4
10%
10%
10%
10%
39%
39%
*39%
40%
118%
For
121
*118%
footnotes
see
38%
*38%
42%
42%
108
121
page
38%
*42%
10%
*39%
*119
2351.
108
*107
10%'
40
122
'•
10%
*39
*120
39
38%
38%
39
42%
43
43
43%
107
*106%
108
11
40
124
107
10%
*39
♦121
-
10%
40
124
10%
*39
*121
108
500
v
1,100
60
4%
Works
Ohio
Conv
Barber
&
-
Aroostook
5% preferred
Asphalt Corp
Barnsdall
Bath
Bayuk
Works
Cigars
Beatrice
$4.25
HI .100
~~~~ .100
~~ ...50
~I .100
Beech
Aircraft
10
Beech
Creek
Beeoh-Nut
2
17 % Jan
3
May
4
60
Dec
50% Jan
16 VB Jan
2
1
18 V8 Jan
22
22% Mar
7
14% Aug
19%
par
7
25%
Feb
34% Nov
31
Jan
38
111
Inc.—ZZZno
preferred
5,000
Mar 27
30% Jan
par
267/s
Apr
-50
Corp
9
54
Apr
30
25
Feb
28
—
Corp
RR
Packing Co
No
32% Jan
19
39
-25
Creamery
11%
66
-10
Apr
19
IIIII .——5
Oil, Co
Iron
t c
IIIIno
Barker. Brothers,
5%% preferred
40%
124 •
y
-
preferred
Bangor
I
&
1
113% Nov
preferred
Corp
»
12% July
13%
14 % May
12%
1
prior A
Aviation
29% Dec
90
;
Nichols-
Autocar
Jan
25 Vs May
8
124% May 21
7 np
RR
Powder
Austin
65
3
5
conv
Feb
6 Va July
20
Lines
preferred
5%
Jan
115% Feb
—100
pref series
Atlas Tack
4
Jan
Corp
Atlas
110
*21%
13%
21%
21
2
Mar 26
Dec
7»/4 Feb
4
-
Dec
11
Jan
Refining
conv
Jan
Nov
9%
1Q7
Jan
18
—No
Line
I SS
non-cum
4%
17 V»
*118%
120
W
Atlantic
270
16%
111
Coast
Jan
116
100
—100
preferred
&
Jan
67Vz
16'A Aug
Jan
Jan
6%
113
preferred
G
6%
84V2
May
1
preferred—
5%
7
May 22
12% Jan 11
109
Dec
Jun
120 % July
—100
Topeka & Santa Fe„
Atlantic
Atl
Dry Goods
Investment Co
Atch
1,200
6,700
36 V*
111
56 %
71 %
,•
%
,66%
32%
16%
56%
*
90
5
—
preferred——
2d
Assoc
.
10,000
*79
111'%
57 Va
■
114
78%
16%
'
94
36'%
32%
'
108
65
111%
"•
93
37%
32%
r
\
:
'
651/4
111%
17
48
*107%
•
114
*36%
"
*118%
92%
113%
65%
36Vb
17
*56%
113
65
*46
108
90%
113
*1121/4
48
*107%
38%
*111
57
92%
66
17%
57
108
*46
114
111%
17
57%
93%
114
78
17 Vb
*107%
94%
65%
*113% 114
*46
108
*37
38 Va
'
1st
7%
Apr
102 % Mar 27
par
No
Corp
Corp
Associated
5.800
•
122
-
Constable
Artloom
116%
15%
Apr
1211/2 Mar 15
49
Jan
111
No par
100
Vs May 23
/4%
—5
$6 conv prior preferred
13%
6
241/2 Jail
110% Apr
par
5
7'/e
14%
2
38'/4 Jan
par
20
500
49V4
'
8%
39%
14
Dec
July
July
152% July
Jan
139
7
24%
~
;
156% May 25
16Va Mar
1
541/4 May
Jun
75
9
No
Midl'd
preferred •
Armstrong Cork
Jan
4
—No
110
118
49'/a
&
Armour
20,800
•'
113%
118
*116
30
577/s
34VS May
Mining..
Daniels
75
29 % Jan
—50
Paper Co Inc.
Archer
166%
Jan
44
12% May
Copper
31%
Jan
56%
72% May
Hock Glass Corp—12.50
W
P
Apr
.26% May
156
8
60% Jan 23
40
A
800
57
26
May
5% Mar 27
Andes
200
2
100 Va Mar
Anderson, Clayton & Co——-21%
1,800
1,600
11
Jan
6
167% May 23
—25
Wire & Cable—,
Anchor
>
'v
1
prior conv preferred
—
22
81/4 Jan 23
7
100
____
Anaconda
5'/4
145V4 Jan
par
130
13%
77
par
780
*4%
2
No par
—
"800
13%
65% Jan
No
;
33
40% >40%
75
13% Mar 27
Mar
341/4 Mar
o
Elec—No
Woolen
44
14
4'%
2
Jan
14
112
40%
*13%
1131%
118
49%
.
'
Va
14
*112%
113%
118
*112%
*13%
13%
5%
56%
56 %
13%
5%
5
Jan
65
'
4%
Feb
111
31
100
preferred
preferred
12
29% Jan
10
Copper Mining
*32
*111%
29
7
-_100
Anaconda
,34%
44
33.
100
3
25
—
21,500
34%
44.
40%
70%
24
Jan
Amer Zinc Lead & Smelt
2,600
7
56V8 Jan
25
Preferred
1.400
?
1st
Mar
28% Apr
142
157
preferred—
$6
>25
100
Viscose Corp
American
120% Jan
par
Foundries Inc
Water
Am
6%
> *68
5V<-
100
;
preferred
American
10,500
:
—No
Tobacco
Amer Type
17,200
111
Tobacco
& Teleg Co
Common class B——
6%
34 Vs May 19
Dec
39% May
147
'
Sumatra
American
46% Mar 26
100
H)G
Amer Telep
200
11%
*109%
Am
•
;>.
Refining
Preferred
5,200
,yv.
Co__
American Sugar
860
122
11 »/4
112 »/8
500
800
13%
33
3
6,100
11%
44
22% Jan
1,700
109%
112
par
51%
.
13%
>
No
Stove
American
> 14,300
*107%
>
16
16%
1C9 V2
'
17% Jan
156%
16
34%
11%
6
*120
par
21,800
•
•
"
122
No
.;
,
■
76%
155%
>
27% Jan
American Stores—
1.500
74
75%
155%
*107%
109
109
111
34%
*33
112
*120
13%
13
109
11
,
71
34%
13%
*107%
6 %
6
\
74
>.
par
2
100
32%
167%
*120
16%
:
-No
137%
*
167%
73%
155%
11
*32
.
75
15%
109
*134%
32
167%
74
155%
13%
32
167%
>•>;
Foundries
< Z"
49
Amer
2,700
::
27%
y
48' *
137
75
*74%
16%
10%
27
47 Va*
*133%
32%
167Ve
*27
>>
27
47%
*133% -137%
167%
!5%
*107 Va
'
Steel
Aug
15% Jan
75
/
9,100
22V4
155%
76%
156%'
-331/4
22
76%
75
76%
32%
21%
48%
32%
'167 %
167 Va.
32%
21%
136
136
32
166%
32
21%
■23
48.
138 *
75
76%
155%
28
33%
33%
22%
22 %
•> 32 %
Dec
3% Aug
'
4
Dec
24
16
176
79%!
Jan
Jan
20
2
77/8 Aug
36 Vs Apr
50
20
par
preferred—
61
Feb
—25
non-cum
6
7
9% May 14
5% Apr
No par
6%
89Va Feb
78V4 Feb
11% Jan
Oct
11 Vs Mar
2-
■
Nov
76%
Mar
4
48% May 21
22
46
39% Mar
8
2
—No par
American Snuff
/.£>•: :
-
30
Mar
Building Co
Preferred
310
2
22
6% Aug
Jan
65
41 % Jan
—.18.50
No
2
Smelting & Refg
Amer
8,200
Razor
10% Feb
3%
Apr
5
142'% May 24
—100
Seating Co
Amer Ship
290
,
44%
162
American
2,200
:
165
*158
162
i
48%
165
1
44 %
44%
*158
23%
347/a
.
Safety
13
Jan
2
2% Jan
25
preferred
27
May
54% Jan
100
Rolling Mill—
conv
Dec
6% Feb
26
-
No par
Preferred
19
*22%
San'y
40%
>60% Jan 22
par
25,100
Apr
24
f
par
preferred:
33
24% Jan
No par
preferred
$5
18%
*24%
& Light
Power
$6
5,500
Dec
Mar 15
44
22
130% Jan
par
3,800
86
'A
No
Co
94%
51
11% Mar 27
I
100
,
182
*179%
182
par
Jun
25%
81 Va
Jan
21
par
No
Ltd
>
:
'
*179%
No
Merais
preferred
American
300
20,0(50
74'/4
66%
14%
Mach
Amer
>
51/4
5 Va
66%
74%
Amer
Jan
108
par
i
15
481/2 Apr
26
Mar
57/8 Mar
Jan
5
7% Jan.
29
102
Jan
Jan
1
Jan
—100
30
>
&
Jan
9
/
68
15Vb
2
Mar
.70
•-•
par
Fdy Co„_—No
&
1,300
.
47%
74%
preferred
Mach
3,400
>
;
29%
5
•
7%
Amer
11% Dec
Oct
59
28 Vs May
3
6% Jan.
-
50
No
Jan
5
68% Jan
100
1
24
47
No par
Corp—
conv preferred
Locomotive—
5%
V
lVa
104% May 25
1
Mar
38% Jan
par
preferred
Internal
American
300
74
*66%
,/'■
7,900
;
>
141%
*47
-■
190
12,100
;
No
Ice__.
6%non-cuni
,
Amer
Products
Home
>
17
in--" May 22
2
20% Jan
91
50
1
preferred
conv
American Invest C® of 111—
400
13
.141%
6%
• 500
•
/
24 Vb
*29
29%
142%
47%
143
*47%
48%
American
115
23Ve
..
> :
29%
141 %
29%
29%
*140
13
12%
12%
12%
12%
29%
48%
23%
23%
143
*140
48%
48%
47%-
12%
29%
29%
29%
29%
143
24
.23%
12%
12%
12%
29%
*140
24 Va
23%
24%
1,600
33% *
24%
2
10
49%
32%
114
Jan
;—-1
>. 2,400
9%
23%
96
4 V4 Apr
Dec
Dec
4% Aug
Jan
....
Dec
%
36%
Apr
Leather
10 '
*91/8
114
8
23
Hide
>
85%
9 VB
115
*113
20
Z
:
8V2
9Va
*83
15% Feb
3.71/4 May 19
2
Hawaiian SS Co
200
107
2% Mar
3
American
77
7
3
American
50
•
5% May
Jan
300
&
Sep
Nov
Aug
20%
Feb
21%
Va Jan
5,500
.
1(71%
27
2
\
6%
2
15
36 % Feb
24
3% Jan
109% Jan
10% Jan
v
i
43V2
33
32%
.
$7
30V4 Jan
,
15
Jan
Mar
No par
preferred
6'/4
'
24
$6
491/2
9%
*49
115
*111
115
V'
$7
3,000
43%
10%
10
-10%
"; 63,400
6%
*49%
84
83
86
*10%
27%
1041/2
43%
8%
8%
/
14
No par
No par
-No par
preferred
2d preferred A
6%
:
77%
76
IOV4
27
Power
4,700
26%
50
*49
78%
*84
85%
*85
8%
•
6%
50
77%
9
8%
9
9
6%
6%
50
79%
43%
6'/a
Amer & Foreign
20,200
*43%
43%
1,100
%
4
104
104
104
103
103
200
■
110'A
109V4
27%
26%
27%
26%
V
109
109
43%
*49
50
78%
78%
28 Va
*43%
6%
49%
*49
110
37/a
3%
3%
4
109%
111
104
104
.43%
3%
4
27%
103
43 Va
6%
6%
110%
27
102
43%
*43%
,110
25%
102
101
3%
3%
109
24%
24%
•
3%
109
108
*5V4
19% May 24
22% May 25
5
13%
5%
131 Va
3
22
•106% Feb
37%
5%
27% July
115% July
Feb
—10
—-100
Amer Distilling Co stamped
-20
American Encaustic Tiling—,—1
Amer European Sees—No par
American Export Lines Inc_—,—-1
37 Va
5%
Nov
108%
18% Jan
*13Va
5%
107
13% Jan
32
42% July
27
.——10
5%
-1831/2 Nov
132
No par
32
32%
31%
32%
32%
32%
95% July
Jan
May 21
112% Mar
Crystal Sugar
preferred—
Mar
33'/a- Apr
1191/4 Apr
Jan
Colortype Co
1st
82
170%
Sep
July
3
110
Chicle
■6%
14
9
100
American
American
Oct
May
99% Dec
American
>50
Jun
8
,
Jan
630
2,900
46
133
Jan
1,700
.
19%
Apr
68%
19%
z
Jan
'371/4 Jan
126%
23
129%
22%
7%
42% Nov
110% July
.'*/
1
8
2
19%
108'/a
Jan
31'A Mar
Jan
Jan
1291%
22
17.
25
107V4 May 23
96
19%
*107
Apr
471/4 May 18
1301/4
22%
12
195
5
30%
108%
8
99 Va Apr
10
27
preferred——
7
17
Jan
20
116%
*107
107
107
par
Jan
29%
21%
22%
21%
21%
39
19
15%
107"
*106
107
89 % Feb
183% Jan
130
131'/a
18%
20%
20 Va
20%
*106
>
*1151%
conv
Jan
13% Jan
20
No par
Cable Inc
&
Chain
Feb
29%
5%
Dec
60
23% July
72V2 Dec
47V» Feb
IIV4 Mar 26
116%
■
Jan
45 Va
Apr
135
—100
preferred
31%
Dec
16
21% Mar
Mar 21
29%
116%
18%
Am
3,100
--No
Fdy
&
non-cum
May
40
24
'
*115%
30
29%
*115%
132
7%
800
26
16% Jan
—-1
25
i—-—*--100
—
Car
American
5,000
107
107
107
i
45 VB
45%
45%
44%
Preferred
25
611/4 May 21
77% May 18
130
Can
American
100
32'A Apr
2
Cable & Radio Corp
Amer
5.500
'i
Mar
30
—100
preferred
Dec
82
69% Jan
x41
4%
281/2
34% May 25
,
Dec
Jan
21
24
No par
July
24%
20
24
1
Corp—
Shoe Co——
Brake
51/4%
50
17.400
98%
191%
*106%
30'/a
18 %
20%
98 V»
1911/4
45 V8
117%
30%
*116
98%
192 v
107%.
107
107
>
11 Va
11%
98 %
*191%
99V4
192
44%
46%
45%
133'%
133V4
v
11%
11%
11%
11%
11%
:...vV.:
-
134
*132%
134
*132%
134
.98%
131
107
Am
Bosch
American
2,000
191%
118
203s
2,600
98'/a
*116
*106
19
43
191%
118
18%
18%
43
191%
*116
*18
18 %
43
98%
106%
30'/a
30 Va
*30
18%
43
118
Apr
Feb
20% Jan
-50
preferred
6 %
670
18Va
43%
,
•
•
47 Va
46
47%
47
;'>v>
77'/a
*76%
77%
18%
43%
11%
11%
192 Va
*191%
77
...42%
19 Va
42%
*132%
98 Va
98
97%
192
*106 %
134
11%
11%
11%
97 Va
192
/
July
40% July
Apr
17%
Dec
103
Feb
Jan
Note———.—.—10
Bans
22%
Jan
Apr
49
42% Jan
28
Highest
$ per share
126
2
Agricultural Chemical-No par
Airlines (new)——~—5
1914
Jan
2
107% Jan
American
60 %
14%
96'A
33 Va
105
1
5 Vb Mar
43% May 14
preferred—.
—
-50
Amerada Petroleum Corp—No par
6% conv
800
113
113
115
20% Jan
Amalgam Leather Co Inc
100
47
*46 »/4
Mfg_
preferred
conv
Alpha Portland Cem—
1,400
4%
4%
4%
4%
$ per share
share
100% Feb
No
Allis-Chalmers
700
2,900
$ per
share
100
preferred
5%
9,800
26%
*26
47
*46%
47
46 %
48
1201/4
120'A
•
t
26
4%
4%.
4%
4Va
*46 %
26
25V4
121
25%
$ per
Lowest
Highest
par
No
Corp
Allied Stores
8,600
300
47 'A
47%
*120
EXCHANGE
Year
January 1
Lowest
Par
102
*101
Range Since
Shares
28%
28
29
47'/4
48 Va
the Week
{ per share
share
101%
*101%
121 Va
26%
*4%
4%
47%
121%
48%
26
48
*46 %
28
28%
101 Vs
121
121
27 Va
4%
.
47
47
122 Va
25%
28%
28 %
28Va
101 Va
47%
49%
121%
49 Vi
*122'/a
101
S per
ifhare
29
101
28%
29%
101%
>101
$ per
May 25
May 24
Sales
STOCK
NEW YORK
for
Friday
Thursday
May 23
$ per share
per share
28%
29'V
101
SALE PRICES
Wednesday
May ?/i
t
share
28 %
Tuesday
May 21
Saturday
101
HIGH
AND
Mvnday
36
23
43% May 25
par
107
1
-IZZZI -50
Z -20
Jan
May 24
9% Apr
36
114
25
Mar 17
Jan
20
110
May
"
18% Mar
Dec
Dec
Oct
Jan
11
105%
Jun
14 Vb Jan
2
7%
Jun
14%
Dec
Jan
38
Dec
Jun
121
NOV
40
Apr
18
118% May 18
31
lliy*
NEW YORK STOCK
LOW
AND
;
May 21
May 19
/
HIGH
SALE
Tuesday
May 22
•
14-
S
$
14%
14%
17%
17 y8
,17%
17%
17%
16%
17%
16%
16%
16%
17%
t
51%
51
51%
50 %
51
50
50%
50
50%
50%
50%
i
25
24%
14%
14%
/<
15
14%
'.//
14% i 15
$ per
Par
''
:i
*
51 Va
14%
Lowest
EXCHANGE
Shares
share
per
14%
24%
19%
19%
78%
24%
/
55%
24 Va
7/ 24%
>
■
i
24%
19
...
19
19
78%
78%
144.
142
>
55%
24 Vb
142
24%
*55%
24%
24
,'!
24%
18%
19%
19
19 %
76%
77%
76%
77%
58
26%
26%
26%
14%
14%
14%
14%
22
*21%
22%
21 %
22
21% ::
*20%
21%
20%
21%
58%
*141%
142
*57'
144
>142
'
18% May 16
10%
Apr
153/4
6
55% Mar
337a
Jan
49%
19% Jan
12
25
May
17
Jan
20%
Dec
54% Feb
8
56
May
53% Nov
56%
Jan
2074
July
67
26%
26% V
7
14%
13%
.
22
21%
21 %
C
23
22%
23
f
25%
26
14%
14%
14% M4%
—
—
1
V
Bethlehem Steel
,>
(Del)
26%
14%:
14%
'
22
■
"20%.
"110%
112
20%
*110%
113
*110%
20%
20%
*
21%
7
*110%
1
22%
22%
*110%
113
:/
*110%
113
113
t
*
'
21%
*21%
22
*21%
-
113
20%
20%
i'
20%
21%
21%
21%
22 % f
21%
'
*55%'
//
56
55%
56
56'
■
57
55
,*125
v
43%
6
*55%
*124 *'
227a
12%
55%
55
55
55
■r
134
*125
38%
43
*125
134
-
42
6%
6%
48%
47%
6%
57
t
55
I-
4,400
48%
f
17
Jan
22
15%
Jan
Jan
2
81% May
5674
Jan
Jan
2
145 % May
115%
Feb
48
Jan
23
61% May
37%
Feb
51%
23
Jan
2
27% Mar
16%
Jan
257b Aug
13 7a Jan
22
15% Feb
7%
Jan
15
1
2274
22 5/8
21%
21%
227a
22%
51%
*50 7a
51%
*50 7a
51%
*50 7a
51%
*50 Va
51% <
12%
.1274
127a
1274
12%
1274
12%
12%
12% '
417a
42%
22
3
42%
42%
427a
*44
55
30
*49
50 j
*49
.
28 7a
.13%
30
29 7»
29%
29
287a
29 74
.
507a
15%
*125
.
-
•
15%
13%
83 7a
83%
83%
1674
167a
16
16%
167a
16%
27 y4
27
2774
27
27
26%
267a
25%
25%
24%
25
24%
24%
24
247a
59
59%
597a
59%
58
59
25%
59
167a
*110
*110
110%
18
187a
64%
647a
8%
64
'
80
*19
1974
*107 7a
1087a
/
•
108
>
*3%
3%
65
187a
-
947a
/-
65-
657a
108
•
108 •*'
18%
18%
18%
108
108
•
*
18%
*110
3%
37a
3%
37a
l-77a
17%
1774
17%
;:
94%
95%
95
'
*25%
26%
*32%
*26
56
32%
32
*55
*55
56
>
26
•
3174
55
327a
557a
<
26
31%
2674
*26
26%
f
32
33%
*55
••
,
55
18%
"18%
95
31%
317a
1%
1%
1% \'.17a
17a
17a
*1%
67a
6%
67a
67a
6%
6%
247a
247a
24%
24%
247a
36
*114
5274
13%
*50
*49%
5074
13%
,
50%
13%
*53%
54%
37%
36%
287a
-
6%
54%
129 7*
1297a
36
27%
287a
71
707a
707a
43%
4274
'?
(
*12974
130
V
36%
377a
37%
277i
277a
287a
'
70%
70
71
1,000
<
277a
i
;•
67a
6 78
6 7a
674
42%
417a
4174
42%
'
42 74
168
Case
4,700
,
-240
f"
1)
(J
Co
x
169
169
1687a
1687a
1687a
5774
57
577a
5574
567a
5574
557a
55%
7,000
Caterpillar Tractor
57
59
58
49%
4874
487*
487a
48%
487a
48%."
487a
4,300
Celanese Corp of Amer,
49%
48%
49
49%
*105
106%
*105%
1057a
1057a
1057a
*105 7a
1057a
1057a
106
*
144%
143%
143%
*1437a
1447a
1447a
144%
144
144
v
1437a
-"17%'
*20%
17%
17-.
177a
17
17 Va
1674
167a
17
20%
20%
207a
*2074
207a
2074
2074
23%
23
23%
113%
6
5%.
6
113
113
V
1274
13%
28%
29
29%
29 %
29
29
*13'%
14%
13%
13%
*12%
137a
3374
337a
11
11
574
1137a
12%
113
13
12%
227a
*5 7a
57a
574
*112 7a
12%
127a
12%
t
=
29
297a
13%
137a
137a
14
337a
3374
337a
34
107a
11
10%
1074
10 34
117a
337a
34
337a
11
11%
II
11%
153
153%
*153%
154%
153
77
*153%
154
*153
153
2374
23%
23 74
23
2374
*22 7a
23
23
3574
34%
35%
34%
34%
*34
347a
34%
35
35
*113
114
51
15%
51%
*112%
51
15%
51%
7%
7%
187a
54
527a
53
15%
*15%
15%
157a
157a
*15%
157a
800
5178
517a
51%
5174
51%
52%
527a
527a
52%
537a
29,800
77*
6%
7%
7%
7
774
7
1874
187a
18%
377a
3674
37
677a
67%
67%
*2874
677a
26%
677a
227a
267a
257a
26
52 <■
51%
517a
*50 7a
55%
55%
557a
557a
177a
*17%
17%
1774
5574
*17%
177a
*17%
177a
*17%
17%
17%
17%
17%
17%
678
67a
67a
6%
•••*
35%
35%
47%
7
115%
112%
477a
47%
47%
2174
217a
21%
13%
7
108 ,7
*101
105
*101
111
111
III
54
54
54
110%
111
54
*108%
110
*108%
100
*98%
100
*5674
60
*5674
*10874
110
*9874
54
60
40
40%
40
43
106
106
*43 7s
1107a
113
27%
35%
347a
60
103
437a
4378
112%
*110%
112%
267a
26 %
3574
*3474
48
12,800
5.60O
137a
58
2774
35
*102
127a
57%
*102
1037a
127a
13
13
>■
*5674
57 Va
5774
5.800
600
133%
65
v
3574
103
42
110%
26
*34
347a
31
31
31
317a
30%
42%
43
2,300
151
30
1207a
130%
130%
132
1,500
64%
6474
64%
65
180
10374
43
1107a
357a
35%
357a
10274
10274
103
417a
41%
41
*110%
112
"
11074
26%
2674
267a
3574
437a
35
35-
3374
327a
32%
3174
*31
357a
103
2,500
360
4274
26
31
3% Jan
7
2
3%
July
22
.20% Mar
6
2%
127a
Apr
Jan
Apr
17%
Deo
92
Jan
22
101 Va Feb
28
67 7a
Jan
96
Dea
22% Mar 26
26% Feb
21
20
Apr
25
Sep
18
24%
Jan
Apr 17
/Feb 23
53%
Feb
30% July
57
Nov
%
Jan
1,800
110%
20
2674
2,000
Va Feb 23
4
3
34
Jan
20
.56
174 Jan
2
2
6 % Apr
4
27 7a Jan
53
■t
20
Jan
9
Apr
Feb
6
23
Jun
7%
Dec
1574
Jan
217b July
23%
Feb
3574' Dec
Apr 24
38% Apr
113% Feb;
8
28
118% Mar 17
>Jan
4
i53
24
174
May
5
24% May
Mar 26
31
•
33%
Jan
477a
10% Jan 23
14% Apr
28
8%
Jan
12% July
487a Jan.;
52
Feb
19
42%
Apr
15% Feb
20
51% July
117a Deo
47
2
5
11
Jan
52
Mar 26
116% Jan
32
'
2
6%
Feb
Dec
557a Mar
1
43
130% May
2
97
Jan
27%
Jun
337b
Dec
Oct
22%
Deo
37% May 25
Mar 26
30
Jan
1
May
18%
7
May
74
V*
547a
Dec
119
56% Nov
Dec
Jan
22
x6174 Jan
15
5 74 Jan
2
35% Jail
20
Jan
3
47% Jan
22
37% Jan
15
52 7a Apr
25
31%
Apr
104% May 15
1077a Feb
6
96%
Jun
106
1297a Nov
21
152
!
127
:
/
474 Jan-
1097a Jan
10% Apr
8
33
Apr
44% May
171
1437a July
44% Jan
7
May
4
Oct
39
Mar
152 74
54
,
Deo
July
407a Jan
Deo
113
Jan
II
Jan
5
17
Jan
19% July
5
24 Vb Jan
10
19
Nov
23
2%
Jan
15%
Jun
July
4% July
674 Feb
14
16
113% Feb
23
Jan
114 '
Sep
13
14% Jnn
12
87a
Apr
15
Mar
May 25
20%
Apr
28% Nov
2
,
s
31
107
774
24
Jan
2
Jan..
8
11 % May
155
25
37%
Apr
9
Jun
May
134
Nov
17%
Apr
23
Deo
3174
Deo
57
May 19
7
Mar
12%
Feb
4%
8
Jan
307a
14 74 May
9
38% Feb 23
22
Jan
—No par
No par
2174 Mar 28
3
x35% Feb
20
23
Jan
100
—8
—3
«.-29
xlllVa Mar 13
1157a Jan
20
108
Jan
-No par
mm 40"
6Ve Mar 26
Jan
3
58
Jan
1147a July
46% July
16
May
54% Mar
3
Feb
147b
Deo
Apr
5% Sep
11% Jan
7
8% May
18% Mar
Jan
11
May 25
5
47% Mar 27
Deo
27%
14 7a Jan
41
Deo
5a/4
Apr 24
18*4 May 7
20% May 9
7
28 7a Jan
65
Jan
146
10% Jan
129
4
59% May
Mar 26
25
19
7% Feb
50%
Deo
44
2
7
97a Mar
18% Mar
09% Apr
28
43%
Sep
65 Vb
July
23% Apr
19
15%
Feb
21%
Dec
2
27% Mar
7
167a
Jan
21% July
497a Nov
-50
—50
Co
8
No par
No par
No par
100
Corp—
Chrvslc
Financial Corp
C I T
Ice & Fuel
City Investing Co
57a % preferred
City
City
Stores
Clark
8
—
—No par
Equipment
Clev Graph
Bronze Co
gtd
stock—
Special gtd 4%
Molybdenum
Cluett Peabody & Co
Climax
Preferred
Plnqq
(The)
International
Collins & Aikman
conv
preferred
&
Southern
350
33
34%
670
4%
non-cum
317a
317a
520
4%
non-cum
58% Apr
16
47
Jan
3
18
Feb
23
13
Jan
Jan
4
18 74 Feb
23
14% May
1% Jan
177b
24
30
16
19
4% Jan
2
8% Feb
19
29% Jan
2
36% Jan
18
May
7
773/4
42 7a Jan
2
50 V2 Apr
24
407a
Feb
20% Jan
2
2374 Jan
15
14'%
Jan
31
Jan
2
437a Jan
18
25% Nov
98
Jail
2
103 7a Feb
13
95
91% Jan
24
9% Jan
27
Jan
2
49 '
116
May
13% May 18
60
Mar
1
Feb
57
6%
9878
25 7a July
Oct
Jan
107/b
Jan
35%
Feb
51
Dec
Jan
185
Jun
90
Jun
148
Apr
105
May 15
76
Jan
2
114% Feb 27
110
Nov
1157a
22
54% May 14
1107a Apr 16
Apr
45 V*
—No par
Oar
Jan
1077a Jan
93% Jan
24
3
537a Jan
17
347i Jan
2
Apr
577a Apr
40% Mar
377a
Jan
Jun
106
Mar
109
Jan
12
92
Jun
96
Aug
30
527a Mar
6
30% May
387a Mar
347a
39% July
Apr
53%
Oct
35% Jail
5
44
7a Apr
27
9
150
Jan
30
145
Feb
152
Apr
13074 May 25
141
May
5
Jan 22
III
Feb
1467a July
140
627a Jan
2
Corp No par
No par
No par
No par
—loC
99
Dec
96%
6%
186
44
Oct
Jun
Nov
26
109% Jan
Jun
July
507a July
31%
20
19
Nov
1974 July
Feb
No par
100
1st preferred—100
2nd preferred—100
Colo Fuel & Iron Corp.
Colorado
36
54% Apr
4
Jan
54
Jail
No par
—No par
100
NO
A
Colgate-Palmolive-Peet
$4.25 preferred
5%
3
Jan
15 7a Jan
49
89
1
100
50
50
(The)
RR Co 7%
Co
38% Jan
170
No par
preferred
Coca-Cola
19
May
100
$4.50 pfd
Ilium
1
>24
100
Co
preferred,
Clev El
5%
...
C. & St. Louis Ry.
Coca-Cola
*1000
*1000
3574
Dec
7
22
Clev & Pitts
*149 7a
15%
22
*5674
V
Jan
7a Jan
60
42%
ft%
19% Jan
100
151
Deo
9
54% Jan
*98%
4174
707a
Northwest'n w 1—No par
V.' *5674
*149 7a
83
Apr
preferred wi—
100
Mall Order Co———8
Chicago Pneumat Tool——No par
$3 conv preferred——,—No par
Pr pf ($2.50) cum diy
No par
Chicago Yellow Cab
—No par
Chlckasha' Cotton OIL,
.—10
tChllds Co
No par
Chile Copper Co
28
*9874 1007a
42%
Jan
43%
May
15
5%
1007a
397a
106% May 11
Chicago
*9874
151
Dec
54
3
19% May
109
Mar
6
—1
100
A
Chicago &
10874
42%
Dec
7
72 % Jan
83
26'
59-74 Mar 27
7% Mar
110
100
9%
30% Nov
*10874
3,200
Jun
Jan
25% Mar
54
57%
15%
4
127a
Apr
110
397a
Dec
Jan
3
May 17
Jan
1,400
39
9% Jan
18 Va
Jan
53
7
Mar 28
4%
*5274
577a
111%
18
53
3974
Apr
217a
*52 74
387a
Deo
107
30
22
230
60
May
49%
25 74 Jail
111
38%
Dec
>31
5
*110 7a
20
20%
10
111
108%
Sep
307a May 5
387a Apr 30
*110 7a
54
Dec
16%
22
*100
*108 74
Jun
22%
22
11174
11074
Dec
11%
Jan
22
105
*100
77%
Apr
Jan
5%
196
Jan
5% Jan
O. C.
3374
113%
400
12% July
4
Mar 27
2
13% Jan
33
Products
Dec
Jan
7%
6
'
111% Jan
14% Jan
Dec
129
17
24% May
110
Feb
Dec
14
Jan
47%
19
Mar
61
6
7%
25%
Jan
23% May 19
24
78
Jan
16% May 19
27% Feb
20% Apr
Dec
5%
1474 May 14
86% May 9
3
47'% Jan
Oct
49%
8Va
116
5
2
Jan.
July
15 7a Jail
196
34%
2351.
36
1327a
»
2
-
No par
prior preferred
CldrSS
104
34
page
1127t
2
50
53%
17%
24
Jail
Oct
,.22% July
39% Jan
24
16% Apr
22
No par
Chicago Great West RR
: 5 %
preferred
*100
3374
see
103%.
*1000
36
26%
footnotes
3,500
*35
29 % Apr
125
Jan
18% Jan 22
—
Chesapeake Corp of Va
Chesapeake 8b Ohio Ry—
Chic 8b East 111 RR Co
*186
1007a
43%
*34%
1,100
774
''
104
54
1107a
*
1774
7%
3574
2 :
10
;100
Champion Pap & Fib Co
6% preferred —
Checker Cab Mfg
196
110
437*
103
106
17%
774
Certain-teed
*186
1107a
43%
31%
For
57%
*186
108
*1000
106
34%
*31
137*
587a
196
*6474
27%
*34%
12%
131%
44
1774
1037a
*102
397a
35%
1774
30
647a
3578
*17%
18
•
1347a
35%
70
557a
150
134
36
177t
77a'
7
200
55%
407a
64 72
*1000
36
*17%
52
*51
56%
407a
397a
64%
18
7a
4074
1347a
64%
*55
4074
64%
1357a
*64%
*51
17%
257a
52
52
55 7a
1117a
134%
*134%
25%
26
41
4274
4374
1,600
35%
*149 72
*14972
257a
25%
112%
1497a- 149%
149%
1,200
357a
151
149%
*1000
*5674
40
,
43%
43
*99
5,500
41
1027a
*58
6774
21%
3674
/
1,700
1027a
*186
67
2174
3674
217a
102%
58%
67
22
35%
217a
*101%
137a
11,700
66
2174
36%
21%'
1027a
196
3774
67
22%
21%
*101%
58%
4,000
21%
k.
41%
13%
6,400
2174
4172
*186
•
21%
407t
587a
287a
28 7a
8,000
187a
29 Va'
974
9
477a
40%
-1374
2774
:
477a"/
417a
196
28%
87a'..
477a
*40%
13%
17%
18
2,900
48
2174
*58
87a
774'
4774
2174
*186
17%
9%
357a
1147a
47%
34
187a
11174
357*
113%
48%
35
115
257a
7
1157a
*34
667a
77 22 -'
227a
*51%
56%
674
3574
36%
67
*22 7a
26%
26%
52
'
28 74
29
36%
'•
874
9 V®
227a
22%
7
'
2874
37%
18
18%
9
9%
9
'
*557*
3,300
58
55
54
7 I-;'"
Jan
No par
Foundry Co
1
1
Lt 4%% preferred—100
Chain Belt Co
40
'
15%
28%
*51
113 7a
.
2,100
52
'
Jan
18% Jan
Century Ribbon Mills,
Cerro de Pasco Copper
6%
500
7
157a
297a
*22%
150
51
51
9%
29
113%
113%
114,
*113
114
;
*15%
18%
9 Va
113%
113%
*113
•
3,900
22,700 ;
23
23%
35
35
800
<
154
23%'
*22%
Jan
14%
20 7a Apr
Central Violeta Sugar Co.
4,700
31
29
13%
33%
28%
Jan
4074
20
:
53
12% July
39
50
Oct
44% Aug
7
Va May 22
2
—
7 74 July
Jan
2
'.i 32 Va May
Dec
Jan
Jan
2
*Cent RR of New Jersey
2,400
13
Feb
8%
7
74% Jan
111
Central
40%
20
Jan
Corp
Central
i
21% Aug
24
14% Jan
preferred
5%
3,200
60
Celotex
Jan
Feb
227a Jan
Central Aguirre Assoc—
10,500
574
112% '
13%
,
?•
280
2374
23
23 7a
113
113
33%
287a
34 7a
155
23 7a
574
113%
57s
574
/: 113
2274
237*
23
v
1st preferred
12%
47
'
107a Jan
No par
No par
No par
100
No par
2d preferred—
7%
90
4,400
17
20%
12%
*
v
$4.75
300
1447a
2074
13
*102
106 74
*143 7a
17%
\
13
,•
*10574
-v
207a
17%
5%
154
*
207a
•
'
23%
*1127*
*167
169
*167
15
12% Mar 27
100
Preferred
58
.
45
55% Apr
I
25
General Corp,,
'169
169;
9
23% Jap 25
5
10
————50
preferred
4%%
Carriers &
1,300
674
168
:
1,500
Jan
45 '
Ry——100
Ohio
Jan
37 7a
17
—10
&
3%
8
Mar
27
Carpenter Steel Co
Carrier, Corp ———
.
8,100
•
*69
417a
43
loo
130
*129
Clinch
Carolina
9
7% Jan
x50
21
No par
8
$4.25 preferred! ————No par
t.
no
Canada Southern Ry Co—
100
60
Canadian Pacific Ry~
—25
31,400
Cannon Mills—
;—No par
400
1,000 V; Capital Administration class A—1
$3 preferred A
41% July
12
Campbell W & C Fdy—
Canada Dry Ginger Ale—
54%
Jan
30
5°
1
8
;
347a
Apr
par
& Hecla Cons Copper
34%
Apr
120
Oct
Jan
13
Jan
Sep
28%
43% May
,
13
117
May 12
44% May
8
:
50
<
13
*53
*6%
67a
6%
/
36
36
2872
678
*49
12%
109% May
May 18
51
"
14
5474
v
•
36%
67a
■
43
427a
547a
497i
12%
*53
<
50
1374
137a
Calumet
No
Packing
preferred'
Callahan Zinc-Lead;
5%
2,400
115
so
Sep
48
49% Jan
1
\
California
1,900
2374 I
3474
*11474
/;/
507a
137a
;
3478
34Va
Deo
5574
Jan
40% Mar 27
—No par
Co
7,400
67a !
237a
115
Forge
5,300 f\
1%
6
7a
t
80
i
17a
i
200
3,100
55
1
24 74
4974
71
4274
6%
f
12%
28%
••
727a
72
72%
72%
50
*53
*3674
29%
*
29
13%
12%
13
*50
50
50%
115
50%
13 7a
130
130
36%
29%
*36%
*53%
13072
*130
130%
1274
34%
1167a
50%
137a
*50,
54%
35%
,
"
50 72
1374
14,
35
116
367*
1157a
*50 H
5274
13%
5074
*12%
*130
36%
*114%
•
13%
14
*53%
36%
115%
3674
36
116
.
r
I-
32%
55
67a
•
<
2,700 {'
,
f
31%
•
1%
6%
900
7 2,500
26
55%
24
470
96
*25%
98
Jan
33 Va
37% Mar 27
—
170
*9574
7
25%
l5/a
*49
,
2,800
4
<
17% •'17% t
95%
678
116
4,600
3%
3%
3%
17 7a
24%
.
100
10874 r
107 7a
108 '
7a
17 74
*3
*54
24%
900
> 14,200 •'
64% (
187a
Apr
46%
10% Mar 27
—No par
Bulpva Watch
—x..No par
Burlington Mills Corp
1
; 5%
preferred
100
Burroughs Adding Mach
No par
Bush
Terminal—
vJ.
— -1
6% preferred
v
-100
Bush Term Bldg 7% preferred—100
Butler Bros—
—
10
4%% preferred—
—"
-100
Butte Copper & Zinc,
8
Byers Co (A M) —
No, par
Participating preferred
100
Byron Jackson Co:—No par
150-
1874
Jun
887a
5
47
Bullard Co
6,400 /
»
64%
1%
'
8%
647a
647a
6%
24
t
80 Va
*80
52%
8
38 %
24
17% Mar
Brown Shoe Co
i.No par
Bruns-Balke-Collender
No par
Bucyrus-Brie Co.,—
,,8
7% preferred
—
-100
Budd (EG) Mfg
No par
$5 preferred
—No par
Budd Wheel.
No. par
Buffalo
'
~
25%
9574 "9574
94%
;
".
17% /
8%
8%
.
4,900
;
♦
110% l
v
16%
:
600
237a ?
22%
807a
•
108
108
3%
1874
18
94%
-
19
3%
.
187a
7a
19/
10,200
;
,/:■
59
*58 7a
;
1,500
:
v
24%
24%
17
87a
*80
80
837a
Oct
19% Nov
1
33% May 19
5 74 Apr
427»Jan
-„5
Co
Brooklyn Union Gas.
60
:
16% (
1107a
16%
,
87a
817a
*80
*63
17%
17
8%
87a
8%
*817a
*80
1107a
110%
*110 7a
/
*
; a%
8%
82
"
:
26% <
*
64
& Stratton,,
600
114
No par
—No par
Manufacturing
Briggs
35,200
16%
Jun
"Jan
12
Apr
134
5
Bristol-Myers
300
«
/ *26%
t
23
22%
23
23
17%
,
587a
*58
110%
17%
18
-
8%.
*80
7
2374
*110%
110%
.
17%
,
23
23%
2374
23%
/
597a
83%
Dec
12%
8
57 7a May
36 7a Apr
Briggs
6,500
V
14 74
83%
83%
82
84% >
16%
X83%
.
16%'/
27
125
•
Dec
20
45
99
2
.
1
15% -(,
13%
/
14:
*26 7a
85
1674
27
237a
i
27% <
125
1257a
13%
14
13%
14 Va
*125
3
33 7a Jan
,
5274 f
15%
1574
15%
./■
125%
*125
125 7a
13%
13%
j-
28
15%
*125
125% V
■
27%
15%
25%
85
•?
*517a
■
;
-
28
*27%
28
22%
55% May 23
19
43% Mar 27'
.
—lo
(The),
Co
1,000
6,400
44 Va <
*27%
52 74
50%
517a
*50%
28
15%
28%
15%
'
137a
/
50
,
54 % I
/
,
'
;
15%
125%
50'
t
30
297a
53%
417a
*43
Feb
Oct
Dec
109
22% May 25
3
4,100
547a
44
Jan
Dec
14% Mar
61% Mar
2
66% Julv
130
93% Mar
May 24
May 5
111
24
Jan-
200
42
44%
42 7a C
447a
54%
40%
42
44
*54 7a
547a
6,000
54%
40%
45
54 7a
30%
30
1 .28%
15%
*125
*44
4574
*54 7a
30
*28
'
42%
45%
55
*44
23
527a Apr
95 *
.—1
100
Braniff Airways Inc
:
2.50
Brewing Corp. of America
-.13
Bridgeport Brass Co
,„.No par
;
*
*54%
177* Apr
497a Jan'
16
23% Mar
18% Jan 23
X108 7a Mar 26
Borg-Warner Corp——;
r—8
Boston A Maine RR (assented). 100
Bower Roller Bearing Co.
—5
.
•
14,600
22%
12%
,
19% May
20% Jan 26
,
v.
No par
B
Borden
;
300
!
22%
May
65
■
Bond Stores Inc,,__,:—:
4%% preferred
;
•
5,600
1,300
i
G Va I
6%
Class
'
'
».
42%
42%
Dec
.
80
1,300
:
(■
38%
*47
47%
t
134
38%
6%'
47%
•
97% •('•
42%
*6%
47%
*6%
*47%
55%
*124
38%
41%
42V4
6%
<
134
38%
38 Va
37%
-
227a
51%
127a
57
56%
97%
56%
97%
55%
*96%
57%
*50%
2374
*50 7a
55%
97%
48%
*47%
-
f
56
42%
43%
6
48%
56
97%
57%
55%
55
55%
98
38%
38%
42%
6%
*47%
134
<
37%
-38%
42%
55%
*
*125
134
38%
*56%
»
*56%
56
96%
57%
55
,•
55%
'
Vy
''98 ■4
57%
*97
-
97%
97%
*56%
Jan
127
1
Best; Foods
;
;
x28 %
23% May 10
*
26%:
July
2
v—j
No par
- 300 >"
7 9$ preferred:
100
700
Bigelow-Sanf Carp Ino;
UNO. pa**
1,600 / Black & Decker Mfg Ch
No par
4,300 i
Blaw-Knox Co,
No par
200
BllsS 8s LaughUn Ino
;
5
:
780 / Bloomlngdale Brothers;
_No par
Blumenthal & Co preferred
100
64,800
Boeing Airplane Co_,
-—3
1,000
Bohh Aluminum & Brass,;
8
90
Bon Ami Co class A—
s._No par
;
57
57
16%
■V.
142 % i
J
5,200
9,800
■
'
57
>26%
58
>
;
•
13
12% May
47% Jan
Aviation
Best & Co.—,
1,600
24%
24%
.
19%
200
v
;
S per share
x
Corp
Aircraft
Bendix
;
2,000
V
.
f per share
i
' 10% Jan
May 18
8
Bell
5,000
55% f.
77%
142
59!
-
24%
24%
55%
19%
*26
,
?}•
76%
:::
"58%.
-59%
"58
24%
55%
24%
*55%
78%
*142
142
/. 24%
19%
77%
78%
142
55%
24%
24%
56
*55%
■»55%>56
24% > 24%
15
Highest
share
Beneficial Indus Loan
—No par
Pr pfd $2.50 dlv series '38_No par
21,300
'
25
$ per
share
1944
Lowest
Highest
127a Jan 15
No par
Belding-Heminway
2,900 /
15
Year
Range Since January 1
STOCK
NEW YORK
i
the Week
May 25
$ per share
per share
Sales for
Friday
,17'A
■
Range for Previous
STOCKS
Thursday
May 24
May 23
\
2343
RECORD
PRICES
Wednesday
$ per share
$ per share
per share
$
1
Monday
Saturday
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4389
161
Volume
317a Feb
2
10274 May 24
34% Jan
2
110% May 23
23% Jan 23
Jan
28
28% Jan
25% Jail
2
2
S
65
3074 May
108% Feb
7
ID
Jan1
29% Mar
Jan
237a
Jan
33%
Jun
Deo
103% Mar
108%
Jun
Apr
38
Sep
Feb
116
Dec
9
109%
Apr
26 'V
Deo
6
14%
113/4
Jan
29%
Deo
127a
Jan
30
Deo
13
Jan
2774
Deo
36% Apr 25
35% Jan 11
33
597a July
25 3a
43% May 18
115
July
67 72
11
RECORD
NEW YORK STOCK
LOW
HIGH
AND
BALB
f per share
f
38
*37 %
6%
f
37%
38
37%
37%
37%
102
94
6%
102
102 Va
102
95
*95
96 Va
*95
105
*106
106
106
50
*49%
•
22%
22%
50
49%
49%
*49%
.
50
$2.75
200
.
44%
44%
44 Va
44 Va
44%
44%
107%
*104%
107%
*104%
107%
*104%
107%
100
17%
17%
17 Va
17%
17%
17%
,173/a
17%
18,300
'1
1
1 Va
102%
30%
31
31%
31%
31%
303/4
1%
102%
102%
44
1 Va
1
101%
102%
1
-
1
1%
1003%
101%
>
102%
303/4
30%
303/4
30 Va
30%
31%
31%
32 Va
32%
32%
32
32
30%
30%
10,600
30%
*31%
,
May 19
76
Jan
97% Dec
95
May 21
70 "
Feb
93
95 % Jan - 9
106
May 22
/.
21
2
Jan
39
15% Mar 26
31%
35%
*4
31
31
353/4
35%
35%
104%
104%
104%
104 %
4
104
103%
31
*35%
4
4
*
35%
.
4%
29%
30%
4 Va
4
4%
•v\-V. U Jan.
29%
30%
29%
29%
30 Va
29%
108%
108%
108%
108%
108%
109 Va
108%
109
4%
4%
4%
4%
4%
4%
4%
4%
29%
29%
293/4
293/4
29 %
29%
29%
30
29
4
29%
30
: 31,000
109
2,600
,
.
110
43/a
43/4
29%
29%
2
7 Jan
12
32 Va May
No par
26% Mar 31
33% May
No par
29% Jan
36
Consol
No
22
Consol
Laundries
12
12 Va
12%
12
Va
12%
12
12
12
12
12 Va
1,000
37
363/4
37
36%
36%
36%
36%
36 %
36%
363/a
36%
3,500
Consolidated
23
23
233/4
23 Va
23%
22%
23%
22%
23 va
22%
23%
49,800
Consolidated
28
28
28
28%
28
28%
27 Va
27%
28
28 Va
28
28 Va
6,800
20%
20%
24%
21%
*
20%
21
19%
20%
20%
21%-. 22 Va
21%
25%
111
24%
25%
23%
25%
23 Va
24
23%
233%
23%
54%
53%
53%
53%
55
53%
53%
53%
53%
*53%
111
111
$1.25
Consol
8,700
23 5/a
RR
of
$2.50
2,300
110%
110%
110%
110%
110%
110%
110%
28%
28%
28%
28%
28%
28%
28%
28 Va
28'/a
28%
28 Va
2,100 /
Container Corp of
10%
10%
10%
10%
10%
10%
10
10%
10
10
9%
10%
7,200
Continental
*108%
110%
109
109
•i*-
*108
110%
111
*108
110%
*108%
110%
*108Va
Consumers
100
1103/8
8%
100
453%
5,000
pfd
Pow
11%
11%
11%
11%
113/a
12
12
53%
54
54%
54%
54%
54%
54%
54%
53%
54
800
Continental
103/4
11
10%
10%
10%
10%
10%
10%
10%
10%
13,400
Continental
34%
34%
333/8
34%
33
33 Va
33
33 '/a
7,200
Continental
Del
33%
19%
34%
200
Continental Steel Corp
1,900
Cooper-Bessemer Corp
$3 prior preferred—
Copperweld Steel Co
34%
20
34%
*34
35
35
*34%
*
33%
*32%
19'/a
33
19%
20%
20
20%
52
*50
503/4.
51
163/s
163/4
16%
16%
16%
16%
16
16%
16
51%
51%
*51%
51%
51%
51%
51%
51%
*51%
19%
*18%
19
18%
183/4
18
18%
18%
19%
4,000
57%
56%
*563/4
57%
57
57
563/a
57%
410
33%
15,600
16%
16%
*51 %
51%
19
:
19%
57%
19
57%
57%
19%
19%
*50%
19
51
*50%
57%
*50%
51
,
19%
'
51
'
16%
333/4
33%
33%
32%
33%
33%
33%
33
103%
103%
103%
♦103%
1033/4
103%
1033/4
*103%
67
67
193%
7%
67
*193
7%
67
67%
*193
193%
7%
,
193%
73/8
7%
663/8
66%
67
*193
7%
193
193%
73/4
4%
4%
43/4
4%
4%
4%
4%
4%
4%
4%
43%
33%
33%
33%
33%
33%
32%
33%
32%
323/4
32%
33%
108%
108%
108%
107%
108 %
108 %
107%
*108
*27%
27%
27%
27%
36%
36%
36%
43%
433/4
433/4
43%
43%
49
49
24%
24%
24 %>
103
.44%
103
44%
97
97
*27%
17%
*145%
24%
25
103
96%
96%
27%
.
*27
18
150
49%
49
27%
35%
35%
35%
42%
43%
49
49
49
24%
103%
24%
43 Va
95%
95
95
27%
27%
28%
28%
950
17%
18%
18%
19%
19,900
293/4
30 VA
30
30 Va
29%
291'2
29%
31%
31%
29%
31%
313/4
31%
32%
32
32
; 38
38
12%
*37
13
133
*64%
19%
19%
128
*29%
30
T*14
14%
•'
*111 '/a
112
43
,
30
64
19%
"
/
30
123
29
132%
132%
64
64%
64%
6
5%
19%
'123
29%
14%
*14%
15
*24
257a
*24
25%
♦24
18%
18%
18
18 Vb
18
112
*43
457s
28%
111%
111%
15%
*
111 7b
15%
15%
113
*111 7b
1
167a
113
43
43
43
43
453/4
447b
45%
44%
44%
443/4
447a
*36 7b
37
367b
37
37
*24%
257e
24%
24%
37%
38%
24%
24%
48
243/4
243/4
48
2374
48%
483/4
47
48%
477s
48%
1074
*36%
11
22%
107B
22%
*67 7a
V
223/8
*673%
11
22%
72
43 \
43%
Va
11 Vs
22
72
43%
37
44
*673%
43
11%
107b
1
11%
22 Vb
223/a
•72
22%
*67 3/4
43
42%
72
38%
107b
....
22%
42%
41%
237b
11
22%
*673/4
37%
37 Va
37%
37%
*39
*41 7a
39%
37
427»
37
4274
427a
36%
36%
42%
42
43%
413/4
413%
42%
24%
243/4
24%
25%
253/B
54
243/4
54
*105%
25
81
81
24%
48 Va
237b
247a
48 Va
3%
23 Vb
22
■
'-243/4
138%
*113
114%
28
157a
16
*23%
237a
135%
156
24%
24
48%
*48
5%
900
Dixie
48
48
30
23
4.800
25 VB
Doehler-Jarvls
24%
247#
24%
247b
24%
243%
7,400
,
i; 4,300
28%
81%
79
79
so %
135
*133%
135%
*133%
1347a'
114'/8
*113
114
*113
1137b
80
;
79%.
=
1343%
*113
25
„
81
,
1347a
2774
287b
27%
28
287b
28 3%
8.400
153/4
Dresner
15%
15%
15
15%
157b
15%
1,800
Dunhlll
23 3%
169%
1693/4
169%
170
128
128
165%
168
166%
1277b
167 Va
1677b
169
128
127%
128
127%
128
127%
900
115%
127%
116
116
116
116
11C
1157b
116%
270
116
116
22%
167b
59
607a
59%
60
24%
59
247a
*23%
24
*23
*178%
180
*196
198
57% '
57%
30
9%
*16%
179
16%
180
*195
58
*29%
Va
1793/4
177%
199
197
*57%
30
9%
9%
51
50%
51 Va
50
16%
167.
16%
16%
7%
7%
6%
58%
30
9
50%
63/4
125% 125%
125
125
116
116
117
457.
39
45%
45%
106%
*103%
105
♦104
104%
104% 104%
24 V8
103 %
*104
105
•
1%
1
,
24%
178%
197%
20
58%
58%
1,400
*297«
29%
197
58%
297b
*195
58
*297#
197%
*195
58%
297b
8%
48%
49%
487b
163a
16%
16%
Xl57s
6%
6%
600
6%
122%
*113
67s
6%
6%
63/4
67B
6%
123%
124
124%
113
113
114%
1147a
45
45%
38%
38%
38 Vb
38%
24
24%
24%
24%
24
22%
68
106%
24%
103%
103%
105
*105
1%
21 7a
66%
*106
23%
103%
►104
45%
22 %
44%
217,
66%
*66
106%
*106
24
23 Vb
104
103
105
*104
105%
105%
105%
*1C5%
1%
1%
1%
1%
44%
217a
68 •*.
106%
23%
103%
105
106
1%
217B
4
*66
*106
23%
*103
104
106
1%
213/4
68
24
103%
104
106
17B
1st
Co
20 Va
Jan
29%
Dec
113/4
Feb
19 Vb
Dec
145% Jan
257s Jan
2
293/4 Apr
10
145% Jan
112
;323/8 Mar 15
Mar
6
108 % Jan
19
33
>
Jan
144
Dec
223/4
Jan
29% Mar
22 Va
Jan
3078
101
Dec
109 Va Nov
Jan
•
28
Jan
31
6
53/b Jan
18% Jan
9
100
120
Mar 26-
38
-
May 18
133/4 May
139 '
5% Aug
U Vb
Aug
May
97
Apr
41
Apr
22
66% May
6% Jan
43/4
Jun
77a Nov
2
217« Mar
143/4
Jun
19% Nov
Mar
7
25% Apr
6
123% Feb
21
307b May
7
140
July
61%
1143/4 May
21 Va Apr
127
Dec
Nov
28%
Dec
12% Jan
12
16 3/4 May 25
23% Jan
12
25% May 21
19 Va Mar
.—1
V 16% Jan
8
197a Feb
8
13%
Jun
16%
Oct
112% Feb
16
109%
Dec
113 Va
Apr
5
21 s/8
Jan
41 Vs
Oct
Apr
457s
Jun
.
.100
110
Jan
10
1
33
Jan
9
par
397b Mar 29
48
May
6%
Jan
13% NOV
23%
0
Oct
3578 Jan
47% May
5
383/a Mar 26
32 Va
Apr
367s
227b Mar 27
26% Feb
19
17%
Jan
223% JUly
34 % Jan
507b Apr
24
17%
Jan
Dec
—50
Feb
65
4
Jan
23
46% Feb
28
29%
Jan
41 Va
Oct
6
38% Jan
3
287b
Jun
35%
Dec
4
437b Jan
31
2
263/4 May
Jan
25
109
par
Battery
2,000
Emerson
Radio
200
Endicott
&
Jan
207a
Sep
Jan
49
Nov
18
Jan
2478 May
26% Feb 23
65
2
26
823% May
1227b Jan
4
143
110% Jan
2
6
27
12
Apr
Mar 21
20 3/4 Jan
4
Jan
17
1063/4
Jan
113
Aug
3034 Apr
30
16% May
'25
8%
Jan
117a
Apr
143/b
Nov
Feb
20%
Dec
2
172% May
137
Feb
162 %
Jun
1253/s Jan
9
129
1237b
Jun
128 V2
Dec
1133% Jan
6
117
113
Dec
120%
Jan
Jan
Feb
Mar
177b May 7
6274 May 18
25
May 17
Jan
183% Apr
Jan
197
49
Jan
22
15
61
-
31
Feb
-Apr
Jan
14 Vb July
Dec
41
25%
Dec
30
157
Feb
173
-Dec
May 23
May 7
175
Jan
195
Sep
52
Dec
41
Jan
Mav
9
16 3/4
May
24 %
1
8%
Dec
15 Va
Sep
7
37%
Jan
457a
Aug
10
Apr
15 7a
Dec
May
17 Vb Apr
28
7Vb May 11
7Vb May 9
37b Jan
Jan
121
May
Apr
507b Feb
44% May 22
34 % Mar 21
40
22% Jan
29% Jan
9
May
20% Mar 27
25
62
70 % Jan
16
678
52 %
Jan
Mar 26
104 V8 Jan
107a
33
12% Mar
May
103
par
Nov
114 Va Jan
par
par
72 %
131
129
par
27% July
Apr
Jan
—x
May
Jan
155
5% Mar
.100
21% May
47
II43/4
May
-50
I~__No
~~~No
9
9
109
No par
Bldg
Mar
Feb4
—5
*
Service!!I ll
~No
$6
2
par
] .—4
~~
Dec
105
15 Va
22% Jan
r
par
Apr
Dec
433%
427b Jan
Phonograph
preferred
95
Mar
18% Jan
—3
387b
49
185
No
17% July
Feb
253/4 May
8 %
Co—I
Jan
Mar 20
174
Johnson Corp
Mfg
Sep
13%
17% Mar 26
13
Gas
42
x273%
5
May
39% Jan
par
38% Mar
Oct
47
100
~~No
~~JiNo
II—No
Dec
Jan
56
'
97a Mar
21 Va
68
22
shares
Electric
preferred
(Equitable Office
52
,
31
213/| Jan
Storage
70
Jan
Jan
(Thej^
Am
$5% preferred
Jan
18 Va
Jan
16% Jan
.20
II
37%
57b
7
38
No
Co
~
8
105
50c
Co
.
11% May
23% Feb
par
___
,
40
2
67
14
Public
$5 preferred
Jan
Oct
33% Apr
40 % Jan
preferred
Engineers
19
36%
36
<
—2
No
24
77a Mar 29
21
"II—~
Natural
53,400
23
105% May 24
Corp—~
El
380
Dec
Dec
Nov
193/4 Jan
Mar 26
16
pfd—
Electric
21,700
89%
105
303/8 Jan
No" par
5%
Electric Power &
Light
$7 preferred
$6 preferred
4%
37 Va
Jan
16
59% Jan
Si Co
Emerson
106%
Jan
253/4 Mar 27
III —1
Stainless Steel
Mus Ind
Paso
Feb
Jan
101 Va Mar
No~ par
(EI)
5.400
4,600
15%
69
1
97 Vb
28
Feb;
477b Mar
2
—No par
_No par
1,100
'•
r May 22
25
105
•'
87% Jan
Boat
400
22\.
122% Apr
—
Electric
1.500
203/b Jan
1023/4 May 10
2
35% Jan
No par
Autc-Lite
14,400
125
115
38%
447b
Dec
Aug
4
67a
124
Jun
7 Oct
25% July
39
..25
series A
Manufacturing
&
111
Jan
..10
Edison Bros 8tores Inc
Elastic Stop Nut Co
Elec
20
49% Aug
22% Dec
—5
Electric
3,700
6
5
32
No~ par
6,500
9
Jan
Jan
28% Mar
.100
5.700
16%
6%
87b
104 Va
110
Aug
.100
2,400
50%
9
2
2
5
27%
Jan
Corp
Eastman Kodak
Eaton
Feb
Jan
No par
Nemours
cum
Jan
Feb
...
Eastern Airlines Inc
6%
17»
18 3%
163/4
No par
Eagle-Plcher
700
24%
104
177%
38
10374
1%
178
24 Vs
22%
104 Va
105
*176
247b
*65
*65
*106
177%
1
47b Feb
45
B
preferred
Eastern
Oct
1847a July
7% July
..25
'
4,900
Jan
337b May 21
28% Mar 26
par
No par
International
de
617b
Apr
Apr
5
273/4
Corp
Industries
$4.50
800
387b
*106
67%
24%
59%
23 Va
38%
39
106%
58%
23%
P
52 Vb
173%
3
87b May 25
6
No
Duquesne Light
2.800
59 %
24%
39
24 %
24
16%
Du
Mar
Jan
195% Apr
7
pfd
Duplan Corp
3,700
23
45%
22%
*65
16 VB
500
:
23
44%
25%
►106
6%
124%
167b
237b
9
6%
117
*16%
x58 Va
237b
*
50
16 Va
124%
16%
60
2374
23 74
9
63/4
*115
*23
49%
167b
23
24%
2274
67%
9
50%
63/4
6%
67.
117
57%
297a
16%
7
6%
16%
*195
30
9%
16%
*178
199
57%
16%
23%
24
No par
Co
$4 preferred
283/a
237b
107
No par
No par
A
28%
23%
5
30
Dow Chemical Co
1137b
*23%
116%
Cup
Class
157b
16
2
100
Douglas Aircraft
80%
*113
3% Jan
10
Dome Mines Ltd
25
2
2574 Jan
68 Va May 10
4
Jan
6
7
preferred
22%
*48
48%
Xl82% Jan
100
Diamond T Motor Car Co
Distil Corp-Seagr's Ltd-\
100
Dec
337b May 22
387b Feb
preferred
24%
48%
247.
1%
3,000
::V
105%
July
July
57
-
1037a May 22
5
Match
partlc
2274
60%
2J
1,500
54
8%
227b
1674
'25
24%
24%
53%
*105
323/4 May 23
103% May 21
58% Jan
2
-20
23%
60%
*38
24
24%
51 Va
Jan
46% Mar
& Western
227a
247i
45%
24% -"<v
105%
44 Va
25 Va
513/4 Mar
Edison
Diamond
600
128%
*llfc%
6%
24%
x51
*105
527b
17
par
500
170
169
*127%
*29%
24%
105
58% Jan
■
..20
23
134%
114%
157a
52
105
52 V8 Mar 27
52
'
6
No
25
81%
*113
287a
24%
53
1073/4
37
42%
133/4 July
t
Mar
Jan
Detroit Hillsdale & S W RR Co.
.100
Devoe & Raynolds A
No
440
Jan
Dec
18
Inc
22%
*48
25
81
*135%
28%
53
*105
24%
48%
23
53%
1073/4
*105
25
*48'/a
25%
53%
1077a
25
„
42%
*36%
*4174
Detiolt
103/4
47
157b
No par
No par
Co
Delaware Lack
8,500
9
Dec
48
Jan
Preferred
...
May 18
Feb
Jan
Deisel-Wemmer-Gilbert
'
16 3/4
51 % May
Va
Jan
19% July
•
37
Delaware & Hudson
27,000
72
413%
42%
&
900
38
l
Records
Deere
3,900
11%
22
72
Decca
S
May
Dec
31%
47
(The)-,
Dayton Pow & Lt 4%% pfd
1,500
.
.
51
i
6,600
48%
5
12
A
500
38 Va
23%
11%
22
*6774
;
38%
x47 %
21% Apr
22% Jan
Davega Stores Corp
,
2
Dec
9%
33 Va
No par
(The)
5% preferred
Davison Chemical
433/a
Jan
5
400
45 Va
Mar
47% Feb
No par
Oushman's Sons Inc 7%
Cutler-Hammer Inc
20
37
49%
•
Sep
24% Apr
12% Aug
2
Inc
700
/
2
13% Mar
■
100
2,700
/
267s
May
No
Seal
253%
112
Jan
8
Mar
1123'4 Aug
1 43 % Jun
.
Jun
5vb
2
(The)
18%
•j
41 7b
100
preferred
Class
Feb
May
16
Curtiss-Wrlght
2,100
116 3%
447b
24
48
41%
29%
*43
43
5,600
10
13
58
Nov
10
105% May
32% Feb
12 Vb Mar
6
12% Jan
(The)
$7 preferred-
16,600
4
14
2
1
Packing Co__.
Prior
l
128
112
43
6
29%
'25%..; ,*24
18'/a. •!■•' ■v.; 18%
1,400
20
*123
;15%tv4i
..;
433/4
45 Va
5%
19%
>■.
210
65
-
5
May
17% Mar 26
Corp
Curtis Pub Co
477b May
112
? " 293a Dec
Oct
16
4%% preferred
100
Cunningham Drug Stores Inc_.2.50
v
17,800
132%
65
128
28%
25%
132%
19%
200
i f;371/2
12%
123%
6
19%
128
230
*36
12%
134
14%,
18%
105%, 105%
105%
114
108
Jan
Feb
73/4
Mar
l
preferred
Press
20
'
36
v
25
preferred
Cuneo
102%
-
:
29% Jan
100
preferred
Cudahy
2,900
23
5
preferred—
Cuban-American Sugar
7% preferred
'/* 2,000
„
Feb
_100
Cuba RR 6%
150
29% j,29 %
32%
32%
'
5%
19%
128
*145%
37%
12%
257b
♦lllVa
43
457b
30%
131%
*36
18'/a
■,
,257b
18%
•*18%
29%
v
12%
6
*121
105%
37%
12
150
*145%
106
*36
64%
19%
128
*105%
150
37%
5%
19%
*122
106
131
63%
6
*145%
12%
12%
130%
64%
5%
19%
*121
37%
12%
133
64
6
150
*105%
39
12%
*131
64%
5%.
'■*24
V
*147%
Dec
3
49 % Jan
Zelierbach Corp
5%
Dec
53 Va
20
Co
$5 conv preferred
Crucible Steel of Amer
500
96
Dec
24
Jan
1
Refining
Cork
Crown
510
*94%
Trust
Cream of Wheat Corp
$2.25
24
Jun
Jan
25
conv
Aug
143/a
115
May 19
_5
Co
5%
,
4,300
18%
t
*131%
Crane
6,000
43%
27
31%
107
Products
12
45
May 22
303/4 Jan 24
.
13% July
253/4 May 19
24'
50
Corp
Jan
55
31
Jan
124
83/4 Jan
46
No par
Works
Inc
Internat
Crosley Corp
17%
30%
*105
Glass
Crown
25
8
1
Preferred
Coty
Coty
300
27
Va
31%
107
Corn
5
preferred
2,800
1033/a
43
of
Bank
4,100
18
30%
*105
Exch
800
27%
17%
Oil
44%
24%
42%
25 % Jan
109
10
Motors
36%
103%
43%
Fibre
Insurance
27%
1033/4
103
42%
95%
v
147 Va
1
420
Dec
2
3% %■
5,600
108
27%" V
413/4
25
103
44
17%
43
24%
103
97
27
36
*48%
43%
J.
.
49
44
*
18%
150
24%
*96
28
*47%
103
43%
*27 Va
35%
433/8
49%
103
.
107%
27%
42%
36%
♦49
108%
27%
27%
36
257b
30
'
27%
36
.
108
Jan
37% Jan
Corning
15,700
,
18%
107% Apr
10% Apr
130
4%
5
—20
,
14,800
33%
Dec
28% May
No par
Corn
4,300
8%
Oct
20 Vb
Inc
Can
Conv pref 5%
series
Cornell-Dubllier Electric
170
193 %
8
■
,
220
66%
193%
8
5,600
„
104
66
66%
193
7%
8
V
-
52
33 9/a
66%
40
51
103%
*193
20
*50 Va
32 a4
Jan
$3.75 preferred
Continental Diamond
3,200
-
Jan
11%
2
7%
Oct
6
108% Jan
No par
34%
35
Nov
18% Jan 20
No par
34%
*33%
30 %
253/4
6
50
8
*33
,
Continental
200
108
Jan
17
11
10%
*107%
167b
18 % Mar 26
100
54%
54%
45
45
1
Feb
preferred
12
107 Va
32 74 Feb
25
11%
x443%
46 Va
107%
16
Jan
11 Va Apr
11%
45
•108%
Jun
30 Vb Jan '• 9
11%
46%
107%
Oct
6%
5
107%
11%
46
107%
1087b
24
Jan
6
*107%
46%
Jan
8% Jan
46%
107 Va
Feb
23%
26 Vb Apr
107%
46
21%
1027b
2
20
46%
1
July
6% Feb
No par
*107%
4%
373/a Apr
;
pfd—No par
America
30 Vb May
•
14% Mar
100
Baking Co
Dec
Feb
7
Dec
103
>
233/4 May 21
25
$4.50
3%
■■
Dec
31
2574 Jan
50
*28%
111
6%
Coal Co
preferred
3
Dec
29%
-
95'/a' Jun
»■
Nov
IP/4 May 18
3
No par
Cuba
Consolidation
13,900
54
Jan
Dec
29 Va
26
Jan
20%
July
95%
-
17% Jan .24
1
pfd
conv
1 Vb
v
31% Jan
5
15
Gas
Aircraft
217s
109 Va May 23
2
4 % Apr
28
5
Jun
Oct
18% Jun
Feb
4% Jan
xl06% Mar 28
1
8%
27
Apr
43 Va
Jan
7
Dec
108
Jan
243/4
Dec
Dec
497a
-
Feb
:
79
Feb
98 V2
23
Apr
7b
*
V,
104% Mar 10
2
Jan
24% Jan
par
Corp
Natural
Vultee
2
33% Mar 23
.
No par
12
21%
Y
$2 partlc preferred
22%
*53%
101
No par
36%
*12
N
$5 preferred
Film Industries
Consol
3,900
17
28% Jan
Jan
%
V
Feb
14%
8
No par
5
of
1 Va Apr
•V
2
105
8
preferred
;
Consol Coppermlnes Corp
Edison
16
31 % May
No par
$4.75
>.
,
900
293%
29
43/4
,
Jan
19
105,% May
Consolidated Cigar
3,200
108%
30
108%
4%
30
104'/a
,
37%
.-
21
183/a Feb
24
89
25
Co
Congoleum-Nalrn Inc
r
500
104%
«
4
108%
1,200
!
35%
4
104 Va
,4
v
31
*35%
35%
*104 Va
104%
•104%
31
303/4
*35
Jan
i
"
*31
39 Va
Apr
45% Apr
1057a May 19
',-i
11
5% Mar
Apr
108 % Apr
2
Jan
100
No par
16%
>
Feb
10
50
47% Jan 24
10
84
253/b Feb
15
Jan
No par
preferred
Conde Nast Pub Inc
500
Nov
353/4 Dec
35% Deo
Jan
37b
103
No par
Edison
257a
63/8 May 21
2
par
Solvents
Commonwealth
1
27
par
$6 preferred series
2,600
May 18
t per share
.>
Jan
84
Credit
conv
26%
•
90% Jan
Commonwealth. & Southern—No par
88,600
101
31
30%
V
1%
•
100%
4 Va %
.
Mar 27
$ per share
38 % May 18
38
highest
4 Va Jan
No
preferred
Commercial
$ per share
Mar 26
-
1944
par
No
Co
Pictures
Commercial
2,500 /
44%
*104%
17%
Carbon
31
.
Year
Lowest
100
100
So
preferred series A
preferred
Columbia
Highest
1
$ per share
31
2.50
.
Columbian
'
2,900
22%
44%
31
*31 %
5%
500
104
104
22%
105
•
107%
1%
103%
30%
96% '
*104%
*49%
6%
100
'
96%
,
Lowest
2.50
cl A
Columbia Gas <fe Elec
1,200
102.;
*95%
23 V8
23
50
102
104%
16%
1
,
102
B
Claao
•
79,400
16%
105%
16%
.
600
63/8
105%
105%
23%
23%
*49%
50
37%
6%
44%
105%
*102%
233/4
*49%
45
44%
101%
106%
23%
23%
6'/a
6%
95
105
37%
6%
6
102
95
102
95
37%
37%
37%
Columbia Br'd 6ys Inc
*
Range Since January 1
V
.
"-\v.
.<
.'••• J-', Par
-
1,500
37%
37%
373/8
STOCK
EXCHANGE
Shares
I per share
per share
6
6%
6%
103
*94
$
37%
37%
37 Va
May 25
the Week
May 24
t per share
share
37%
103
23%
per
37%
*37%
6%
May 23
May 22
w
Sales
YORK
NEW
(or
Friday
Thursday
Wednesday
Tuesday
share
per
37%
38%
(
;
May 21
May 19
38
.
Range for Previous
STOCKS
PRICES
'
Monday
Hr.tnrdwy
Monday, May 28, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2344
3
107
Mar
Feb
4
37b
Jan
3% Nov
6%
Dec
Oct
5% July
81%
Apr
114
103%
Dec
78
Apr
16
39 Va
Apr
47% July
7
277a
Feb
347a
25
18
Dec
Nov
15
Sep
22 3/4
Dec
20
57%
Jan
687s
Dec
26
101%
6
Jan
108%
Jun
Jan
4
100% Jan
5
104
Apr
30
87
102
Jan
104
Dec
Jan
5
105
Jan
23
89
Jan
105
Nov
Feb
1
1063/4 Jan
11
927a
Jan
107
%
Apr
104
24% May
9Va
.Inn
3
90
87a
Jan
17 Vs
13/i
Dec
Dec
Dec
RECORD
NEW YORK STOCK
LOW
Saturday
Monday
May 19
■
May 21
)
2345
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4389
161
Volume
AND
HIGH
SALE
Tuesday
y
Range for Previous
STOCKS
Wednesday
May 23
May 22
•
PRICES
Thursday
f
/;
May 24
Sales
Friday
for
May 25
Year
Range Since January 1
i
Highest
STOCK
YORK
NEW
<
1014
'
Lowest
Lowest
EXCHANGE
the Week
Highest
'
$ per share
$ per share
$
* per snare
per snare
16%
16%
16%
16%
16%
16%
*80
81%
*80%
81
79%
so
79%
79%
*88%
92
-
*88%
92
*88%
92
*88%
14%
14%
14%
14%
17%
17%
17%
17%
t per
16 %
•
•55%
•
V//-'-V 55
7
54%
31%
/,• 15%
*54%
55%
31
15%
.
-
14%
14 Va
14%
16%
17 %
17
17%
53%
54%
53%
6%
55
6%
*6%
29 Va
53
54
30%
31%
15%
14%
15 Ya
30% .31%
14% Z 15
22%
21%
106
)i
22
22%
106
•105
106%
37%
37%
37*4
37%
30%
30%
29%
30
22%
i
"
*29%
12%
11%
12%
12
12
11%
11%
11%
35%
35%
35%
36
35%
36%
35%
105%
105%
105%
1051/4
105%
62%
49%
48 7/8
1
*107
30%
29%
108%
48%
106
28
1,200
62 »/a
2,800
Firestone Tire &
47
*108
30%
15,800
300
47%
47%
47%
47%
37%
37%
38
38
/
7%
7%
&
60
6OI/4
*60
61
19%
19%
*19%
19%
'
76%
76%
75 Va
75%
75%
76
/ 34%
37%
37
39%
38%
38%
34
34%
a
26%
*26%
16 %
16'A
15y8
*261
,-4
15%
*15%
.
145
*40
41
40
40%
50
50
49%
49%
49%
119 %
119%
119%
1,300
25%
15 Va
16
15%
16
16
12,600
26%
110
17
119%
119%
700
27
40
38%
4,100
10
40%
47 Va
Dec
Jan
14%
Jan
17
22% May 19
14%
Jan
17%
Dec
118%
118%
38% Mar
7
19%
Apr
27 Va
Nov
5
32
May
7
17
Apr
24
Dec
22
137/a May
9
5
Jan
10% Aug
23
36% May 23
22%
Jan
32
18
93
Jan
108
Dec
19
17
Jan
27
Aug
4
45
Jan
53 Va
Nov.
103
7%
6
28% Apr
23% Mar 27
Jan
50
60
2
Dec
Apr
109
May
8
35%
Jan
44
Aug
8
18% May
26 %
Jun
51
2
23 Va Jan
57%
Feb
103%
33% May
26
42% Jan
38%
64
May 14
3
110% Mar
53% Mar 26
105% Apr
Mny
Dec
16
Jun
„
*
'
108% May 15
107% May 14
42%
Dec
30% Feb
2
38
247/b
Dec
33%
Dec
100
1
10
10
25
prior preferred
Francisco Sugar Co
F'k'n Simon & Co Inc 7%
47% Jan
24
64 Va May
15% Jan
13
21% Apr
62% Apr
9
41
par
25
Nov
69
Dec
16
Jan
29
Dec
20
Jan
25%
Dec
8
13%
Jan
17%
9
7
70
Jan
30%
Jan
29%
Jan
19
18% Jan
May
41% May
5
Feb
50
13
103
119% May 18
Jan 17
113
25
May 21
146
9
Jan
34
16
Jan
42% Mar 26
.-1
preferred
58% Mar
11% May
26% Feb
Apr 10
Mar
43% Aug
5
8% July
39% May 24
4
14
5% May
53%
77
24
Jan
118
.10
Freeport Sulphur Co
Trailer Co—
Jan
25
May 25
8 % May 18
6 % Mar 20
No par
pfd—100
Fruehauf
800
107% Apr
22
Jan
6%
4%%
Jan
34%
Machinery Corp
Foster-Wheeler Corp
580
Aug
2
23% Jan
48% May 16
preferred—
conv
105
25% Jan
4
Food
1,400
V
119%
*118%
5%
Jan
100
May 10
109
Mar 28
104
No par
10
Corp
Steel
5
Jan
Dec
Jan
Food Fair Stores Inc
2,600
49%
49
49
49
50
119%
40%
39%
38%
39%
49
119%
-
145
*140
145
*140
143
Follansbee
230
*26 Va
49%
118%
-.40
44%
Jan
9%
No
Co
Florsheim Shoe class A
19%
19%
27
*140
145
*140
Jan
21%
2
——No par
Stove
Florence
61
*60
*26 Va
157/a
*142
145
145
27
T* 26 %
27
33%
7
No par
No par
Stores
preferred
1,100
,
>
$4
May
8
100
5,400
7%
*7%
19%
34%
Rubber
(The) —i
Co
Flintkote
30
Dec
2 7%
16% Feb
preferred
National
First
500
47
103 V4
x30Va
108%
61
34%
4 Va %
200
107
19%
34%
Corp
Ferro
Fidel Phen Fire Ins N Y
61
34%
preferred
Enamel
67/«
5
/
2
Dept Stores
conv
Jan
;7% May
V
Jan
5
1,900
19%
■r
4%%
Dec
Apr
33% Mar
Corp
57%
62
30% '
.
Oct
Dec
Apr
Q7/,
21%
19
15
No par
& Traction
Light
preferred
Federal-Mogul
80
•
62
77
57
13%
177/,
47 %
6%
1
28
4
28% Jan
7%
77
2
15% Feb
2
12% Mar 26
20,,
No par
19%
77
42% Jan
25 Va Jan
16
Corp-t
No par
A Co
No par
100
1
—10
25
60%
76
2
Federated
8%
76
Jan
6
Federal Motor Truck—.,
19%
76
3
2.50
...
4,400
611/a
...
19% May
57% Apr
'
7%
7%
24
24
11% Jan
5,800
61
,
15% Jan
42% Jan
12 Va
.*19
8 %
Dec
84% Aug
36%
37%
37
37%
y-Si 7% V' 8 S''
70
Feb
12
48
*47%
*37
Dec
Jan
78%
18% Apr
12
9% Jan
*106%
48%
*47
49%
108 %
29%
30%
$6
800
57
62 Va
106%
*47%
37
37
36Tb
36%
61%
106%
108%
481%
*47%
49
*48
62
107
14
46%
Mar
Federal Mln & Smelt Co
30%
27%
56%
56%
56%
61%
*106%
301/a
*107
108 %
*107
1081/4
56
Federal
80
1,700
*105%
27%
27%
Jan
Apr 24
88
86
35%
y?
106
62
*487/8
30%
30%
31%
31%
49%
*48%
49%
,*48%
*107
58
*106%
107
*106%
28
105 Va
107
62
62
62
62-%
106%
27%
28
57%
58
*56%
57%
57 %
106%
*27%
28
28
28
28
*
106
97/a
83
27
Parnsworth Televis'n & Rad
4,300
<
r
.
37%
*29 Va
35%
*105%
106
28
19
Jan
Fajardo Sug Co of Pr Rico
6,500
10,600
22%
22%
12% Jan
Corp
Palrbanks Morse
2,500
15
I per shore
68% Jan
Co
Exchange Buffet Corp
37%
35%
1061/4
32%
*105
37
35%
*12
30
>
53 <;■•.//>
14%
30%
11%
;,V
52%
per share
100
50
-.5
5
Cleaner
Vacuum
$ per share
$ per share
■
No par
—
RR Co
Products
Ex-Cell-O
300
V
common
Pitts
Evans
2,100
6%
31%
"
;
106%
36%
54
•
6%
52% "•53
31%
22%
37 ,v
30
3,500
Par
pref series A
&
Eureka
>4.100
17%
54
RR
5%
Erie
14%
6%
14%
106
1051%
36%
29V4
•
22%
22%
/
37%
\
Erie
39,400
T'P'i 5oo
92
17%
54
54% :/'5 $>:
15%
105
*36%
7%
17%
80%
14'/8
.
31%
31%
15
107
105 %
*6%
55%
31
;
22%
22%
*
"<
16%
*88%
•'
-•
.
80%
92
14%
'
7
*6 > '2
16%
79 Va
*88%
14%".
17%
/
16%
79%
'
92
17V2
;>ZV/ 141/2
56
*6%
56%
56%
;
161%
share
Shares
t per share
Apr
Sep
Dec
135
36% July
Dec
44%
116
Sep
,
G
8
7%
7%
7%
7%
*7%
7%
*7%
7%
7%
6%
5%
6
5%
5T8
5%
5 7/8
5%
5%
5%
17%
17 %
171/4
17%
171/8
17%
*14%
15%
14%
14%
14%
14%
*7%
6
19%
•
19%
73%
731/4
29
64
61%
*61%
61%
61%
52%
9%
9%
*173%
175
127
7 ;•
6%
168
175%
6%
30
171
43%
44
43%
43%
43%
43%
427/a
43%
44%
44%
451/4
45
45%
451/4
45%
44%
125%
*129 '/a
129%
129%
69%
68%
128%
128%
128%
126
*128%
16
61
16%
";;16%
26%
34
34%
>34%
4
><26
-.261/4
22%
22%
;
102%" '102%
30%
*108
30
30
30
*109
111
*109
16
15%
4%
4
60
/
19
f
-
30%
'31%
*55V4
4
4%
4
156
*152
*152
*103
103%
54
19
19%
18
19
61/2
6%
'
5
5%
24%
24%
5
5
24%
108%
19%
••
6%
67/'a
,!■
52%
108%
*108
109
19
5
*103
55%
42%
24%
24%
*23%
24
16%
16%
16%
52'%
\52%
24%
291%
*106%
f
.37%
27%
6 7/8
*
1061/4
37
6%
79
59%
27%
108
37%
%
6%
241/s
3.400
55%
100
22%
75
/
4'/a
4
156
28 Va
28
1
53%
108
•
54%
55
6%
6%
»
•)
(B F)
No
preferred
No
Goodyear Tire & Rubb
No
$5 convertible preferred-—No
400
20%
16.000
Gotham Hosiery
6%
34,200
Graham-Paige
1,000
Granby- Consol M S
24%
1,700
Grand Union Co
17%
17%
17%
2,600
Granite City
*5
5Va
*41
42
*40%
42
*23%
24 Va
200
24 Va
*23%
16%
,16 i/s
16%
16%
16%
5 TVs
51%
52%
29%
30
29%
175
174
*70
79
*70
59%
59%
59%
30
30%
31
174
174%
175
79
59%
*70
22,900
27%
27%
277/8
27%
*106%
1077/a
*106%
107%
107%
36%
36%
36%
9,200
7Va
7 Vs
7%
15,300
67/e
205
*203
21
'21%
22
741/2
74%
74 7/8
74
53%
52%
53%
52%
53
67/«
205
6%
205
205
*205
206%
30
-
21%
21%
22 Va
24 Va
30,500
73%
74
75%
2,900
747%
74
54 Vs
54%
54%
53'/8
53%
21%
No par
100
'
58
Gulf
Oil
Corp———
6
77%
Dec
23%
Dec
51
Jan
58%
Dec
7
10 Va
Feb
16%
Dec
41%
Apr
54%
7%
Jan
1
6%
1
23
7
81%
Jan
24
25%
140
38
*36%
*36%
39
*37
39"
38%
24%.
*23%
*23%
*23V2
24%
24 i/a
24%
19%
19%
19%
19%
19%
IO7V2
*107%
107%
*107
108
22 %
22%
34%,
*9%
*110
19%
IO71/2
*1071/2
35 '
9%
112
108
22%
221/4
*152
*152
*107%
22%
109
109
22'/4
35 %
97/8
*9%
112'
35%
*9%
*110
107%
*107%
21%
1081/4
108
22
35%
9%
112-
34%
*91/2
*110
*36%
.24
Xl9Va
*107%
39
35%
97/8
112
*23%
19 Va
107%
20'/8
22
9%
107%
*107%
21
107%
Dec
40%
May
3
35
Feb
45% May
23
40
Nov
/ 43% July
2% Feb
3'/a Aug
44
4% Apr
17
143
Jan
25
127
May
.Jan
128
140
Sep
102
6
Mar
115
5
Mar
Sep
120
Dec
134%
Nov
July
66
Feb
7
51%
6
125%
Jan
130%
Oct
61% May 25
36%
Jan
56%
Nov
16% May 21
47/s
Jan
30% Mar
6
187/a
Apr
11% Feb
19
6%
Jan
70% May
130
Mar
Oct
106
Feb
14
3 Va Apr
17
1%
Mar
6
,19%
Jan
26
112
Apr
Jim
11% Aug
Apr
127
23%
107%
Apr
37
108
7
13% July
■■■j
Nov
2 Va July
31%
Dec
Nov
124
4%
Oct
14
3%
Nov
26% May 21
19%
Apr
257/, July
24% Feb
27
14%
Jan
19%
109% May 25
74%
Sep
110%
327/b May 25
22%
Jan
27
Dec
35% May 22
19
Jan
31%
Dec
19%
Feb"
26%
"Dec
5% Feb
24
22
26
29
23
Mar 12
111
32% Feb
8
Nov
Dec
109% May 16
17% Jan
28
2
100% May
Dec
Jan
25%
May 16
Dec
Apr
52
Aug
'
45
4% May
19
2%
165% Jan
12
85%
Feb
15
62% Apr
19
40
"Feb
54%
Jun
105% Mar
6
98
Jan
104 Va
Nov
x57% Feb
15
36%
Feb
51%
Dec
Jun
30
21
8
Dec
175
Jan
8
*T04 %
Jan
112 Va
8%
Jan
17%
1%
Jan
7
11
3%
Jan
5% July
5% Jan
24% May 17
3
Jan
May 23
Jan 15
112% Mar
2
6
Dec
4% Feb
26
2
Jan 23
Dec
227/«
li%
2
May 10
57
2
2
16%
90 Va
Jan
7ya
29
32
10
1
10
20
26
19
Apr
Jan
11%
May 25
29
Jan
69
15
97
Oct
Aug
Dec
19%
15% May
July
1
9%
Feb
16
44'/a May 14
32Va
Jan
42 Va
Dec
10
17% Mar
1
23%
Jun
25 Va
Mar
14%
Dec
17'/a
Nov
55% Apr
24
25%
Jan
31% Apr
18
24%
Jan
30
Dec
May 25
143%
Feb
163
Nov
67
Feb
18% May
24% Jan
;
175
57
Dec
49%
•
May
Feb
2
637% Apr
24
43%
Feb
55%
28% May 25
19%
Feb
24% July
71
108% Mar 13
38% May
9
7% May 25
205
Mar 24
105%
Dec
Dec
IOSTb
Dec
32%
Dec
Apr
6%
Jan
11
189%
Aug
Dec
Apr
3%
123
Jan
16% May
75% May 11
33
Jan
62%
peo
57% Mar 16
42 V*
Sep
50 Va
I?ec
24% May 25
6%
j
i
50
.
;/
108
21^8
.
'•»*.*«»;
9%
112
35%
9%
*110
"35V3
3,000
9%
112
3,700
a
■
200
25 V
10
Water
:
Printing
6%
Co
Hanna
preferred-^
No par
2
2
2
105% May 18
pfd—No par
107
Feb 28
-No par'... /
18% Jan 2
—
(M A) Co $4.25
>
33
Jan
20% Jan
15% Jan
Harbison-Walk Refrac
6% preferred—
—
—100
154
Feb 17
10
x30
Apr 9
Hat Corp of Amer clasR A ——,.1
:■
7% Jan 4
6%% preferred (modified)—_10O
107
Jan 13
Hart, Schaffner & Marx—
-—.100
38
Feb
25% Apr
22
2
26
Mar 19
110% Jan
12
12
22% Mar
6
110% Jan
155
Apr
33%
Deb
15% Mar
22 Va
Dec
27
:
11%
106
102
15%
Apr
16 Va JUly
July
Apr
111
Jun
109
Dec
Apr
21
July
ipec
Jan
152
16
"5%
Jan
May 16
104%
Jan
~8>, jun
110
Jilly
Apr
2
357/a May 22
10% Feb
112
:
;\£:
■
Hamilton Watch Co
900
.
*152
35
Hall
200
24%
*19
108
*110
Hackensack
39
19%
*107%
35
;.*36%
24%
*152
*152
*152
,.
35
*110
Dec
155
\
*36%
*1061%
Dec
29 Va July
'
*24%
19%
Dec
124
Feb
H
19%
Dec
7% July
22 Va
Apr
Mar 20
Nov
19%
Jan
Jan
29Ta Apr
Oct
9% July
161
4% Jan
11%
128% May
170
Feb
143
19
134
4
3
Jan 2
Jan 24
49 Va Jan
25
Jan
7
77/8 Feb
Jan 23
Jan 22
May 15
Jan
Nov
25 Va Apr
64 Jan 20
52% Jan 25
23% Jan 2
104% Jan 12
28% Jan 24
8 % Mar 26
167
Jan 26
14% Mar 27 >
L)
—
J '/Z 6,900
Jan
66
227/r Mar
161% Mar 16
West RR
100
Co Inc
.-1
Greyhound Corp (The)
No var
4 % % preferred
100
Grumman Aircraft Corp—_
1
Guantanamo Sugar
.No par
8% preferred
100
Gulf Mobile & Ohio RR
No par
$5
preferred
■,
No par
(H
Green
1,300
27V4
36
6% pfd—No par
Green Bay &
60%
*106%
37
Ore Prop—No par
Western Sugar
May
Feb
Jan
Apr
Mar
May
Mar
Jan
4% Jan
18%
14 Vs
36%
, 23%
...* 14%
46 '/a
28'/a
10
20
i
Preferred,
110
79
60%
28%
36
1
Co
Great Northern Ry
Great
7,900
3% Jan
Oct
4 Va
Dec
13% Feb
27
10% Mar
4
25'/a
53%
,102
49 Va
107%
12%
5%
62%
Apr
175% May 23
27
9
23
151
May 16
557/b Mar 19
52'/a Jan
& P
5
——No par
—No par
preferred—,
Great Nor Iron
2,500
50%
14,500
51%.
5%
Steel—
(W T)
Grant
500
24 Va
*174
-
*23%
par
par
par
par
No par
Motors
24%
5
—
$5
5,400
110
100
10
Telegraph Co
& Stock
19
Jun
107% May 24
,13Vb Mar
90
Mar
21
Jan
97% Mar
25% Jan
1
Goodrich Co
200
20%
17%
—
3.800
6%
5
preferred
Glidden Co (The)
4Vs>% conv preferred
$4.50
Gold
58%
20'/a
*24
Gimbel Brothers
Goodall-Sanford Inc
103 Va
*108%
preferred
tGoebel Brewing Co
58%
53%
conv
6,800
103 Va
6%
5
$5
Dec
18 Va
1474 May
106Va Apr 27
26
Jan 2
107% Apr 27
No par
-No par
—No var
—No par
No par
50
Safety Razor
Gillette
5,100
/
28%
58%
20%
24%
600
103 »/8
108
20
Corp
Instrument Corp—No par
preferred—
100
Tire & Rubber Co—— f*
4%%
cuin
pfd
100
156
28
s
21
3,600
4%
4 Va
*152
—1
preferred—No par
Telephone
Gen Time
300
50%
-16lU
-
21%
*203
1081/2
17%
74%
•
537%
42%
22%
203
203
204
53%
37%
36%
30%
172%
59%
27%
6 7/8
:•>
297/fl
*70
59%
108
51%
172%
79
27%
27%
r
31 %
55%
*152
17%
16%
51%
29%
59%
59%
108
24
16%
*
174
*70
•
53i%
52%
29%
*172%
79
*23%
16%
51%
173Vi
22%
4 V8
156
*411%
18
*74
31%
103%
103V8
42%
7
31
56
58
177/3
6%
307/«
*103
42%
204
56
28%
43
37%
99
58 »/4
18%
59%
99
57%
*42%
27
*106%
99
27%
*98
28
181%
*70
27%
59 %
*24
24 %
291/4
27%
27%
28%
43
*171
15%
97
*55%
27 Va
1
10.500
15%
*95%
Jan
Jan
Mar
25% Mar
28% Jan
18%
Sep
17%
64% May
Jan 3
Jan 24
21
19
99
General
10
97
951/4
10c
—No par
4%%
97
15%
99
56
800
3.200
v
15%
15%
.95%
31
General
2
2
Mar 27
Feb
Dec
15%
31
Feb 10
37/« Jan 3
100
General Shoe Corp
Gen Steel Cast $6
109
109
110
*109
111
15 %
27%
18%
•
*109
1,600
34%
29%
Railway
9.600
111
28%
29
28%
General Refractories
Gen
2.040
•
*108
111
*108
291/a
4.500
*'
'v 22 V* '22 Va
108% 109%
327/«
32%
34%
33%
33%
35
111
'29
59%
6%
6%
5%
*24%
34
*108
%'?
32%
32%
28
*106%
19%
"6%
32%
99
557%
1071/4
•
32%
Va'5;
22
106
60
1031/a
•
107V4
22%
103 %
28%
56
55%
22
104
59%
,V,
103%
103 %
.
25%
21%
25 Va
25 > '
No par
10c
No par
Public Service
7.200
4
3%
:;r
25%
300
133
*128
4
4
25
27%
28
60
J
133
preferred
$4.50 series A
Gen
9%
106%
1%
28%
123
1
Signal
6 %
preferred
Gen Realty & Utilities
34
*33%
34
102%
'
156
*33
2,200
2%
2%
2%
20
110
*107%
110
2%
*128
4
99%
*55%
41/8
4
*152
24%
10%
*107%
277/a
31
56
*551/4
/;'/
156
27%
*
31%"
37/8
94%
*99
99%
■:>
157%
15%
31%
56%
*55%
10 Va
110
133
♦128
111
*109
27%
*152
10%
10%
Precision
16%
9% May 19
Jan 22
May
12
'
53
Jan 11
10
Jan 16
22% Jan 2
—
General Printing Ink
29%
29%
28%
Common
Gen
1,900
Apr
62
125
No par
No var
Equip Corp—No par
3,600
v
129
Adv A
Outdoor
Gen
4,300
111
28%
400
10%
35%
35%
99%
61%
32%
*108
'
61%
/
-
16
23
32%
28%
31%
61%
*60
128%
preferred
$5
Jan
20
76
2
Jan 22
113-
—10
—No par
General Motors Corp
1,800
127%
102%
22%
28%
27,500
128%
127%
70
68%
28
25%
25%
94%
100
130
67%
67%
67%
:
10%
4
95%
70
400
157/8
133
*93%
11,100
•
27%
33%
95%
31%
125
.
142
*122
15%
33%
*93%
*99%
142
123
Corp
Foods
27
34%
16
142
General
15%
4
111
15%
4%
4Va
4'/a
4Va
No par
No par
Gen Gas & Electric A
-—No par
* $6 conv preferred series A-No par
General Mills
.
No par
-5% preferred
100
General Electric Co
11.400
45'/a
45
45'/e
44%
100
preferred
7 %
25,400
43%
43 Va
43%
50
172
*169
169
427/a
1
18% Feb
114% Jan 22
27% Mar 20
156% Jan 4
37% Jan 24
40/ Feb 1
3% Jan 2
134% Jan 4
No par
Cigar Inc
General
26%
2%
30
1,700
16
11
102
111:;
111
29%
19
'
100
preferred
Jan
Jan
18% Jan
Jan 31
8% Jan 2
160% Jan, 2
17% Jan 22
6
Mar 21
No par
A
cum
26%
2'%
35
35
35%
*34%
*108
297/a
1%
15%
*107%
32%
240
297/8
Class
1,400
127%
26 %
*128
103
23%
127%
16%
2%
22%
<22%
102
ri
61%
*60
108%
261%
25%
.
if.
30
30
■
fl:
128%
2%
4 %
4
4 %
68%
*33%
133
*128
133
*128
*23%
27
:
11
34
23%
127%
123
-
108%
2%
*2%
2%
*2%
110
*108%
110
*108%
10%
10%
10%
10%
„
60%
27%
28%
1281/0
61 iVi
27%
60%
15%
27%
677/s
69
127%; 127%
.16%
60%
60%
,
General Cable Corp
127 '/a
*23
130
125%
129%
68%
Generai Bronze Corp
1,600
,
July
5% July
27/s
12%
20% Apr
49
No par
5
—No par
preferred
$8
180
3,600
6
9
12% Jan 22
5
67%
.
130
125
*129 %
*125%
130
69%
*6%
8
7
Jan
20
Feb
7
104% Apr 18
8
General Baking
20%
20%
6%
142
142
69 %
126
*129 %
41/4
*140
125
*125
'
4 Va
4%
142
*140
140
140
142
4%
4%
4%
41/4
41/4
*140
20%
6%
169
172
*169
172
Gen
297/8
237/a
126%
*29%
v
175
175
174
174
20%
21
*1671/2
1.
4,100
9%
—i
—100
Investors——,
preferred
Amer Transportation
3,800
51%
9%
23%
29%
*169
168
51%
97/a
5
50
preferred
Jan
7% Jan
23
Jan
58
jlan
1
$4.50
100
51%
conv
Amer
Gen
5,100
109
9%
6%
5%%
2
2
66% Feb 16
20
Wood Industries Inc
Gaylord Container Corp
1,800
14%
14%
*107%
51%
126V8
128
291/2
29%
29%
29%
/■•/■
237/a
23%
1271/8
128
14%
107 Va
9'/b
20%
21 %
6%
23%
23%
128
'128
f
*29 %
21%
6% /;
.
23%
14%
Co
preferred
$3
Gar
110
52%
175
175%;
175
•
64
9%
9%
21%
21
7
*6%
23%
175
*173%
63%
51%
52
51%
9%
28%
107%
14%
108
*107
108
51%
14%
14%
14%
10
V
28
*62
52
21
9
63%
9%
21
16,200
8%
8%
28
51%
V
10
9
28%
*107
108
*107
109
73
28
14%
14%
14%
*14%
*107
19
>72
*61%
61%
•
>18%
73
87/s
2%
9'/a Feb 27
Jan
Jan
Apr
16% Mar
Ao par
No par
(The)—
Co
Gardner-Denver
1,100
19
*72
28%
29
Gamewell
600
*18'A
28%
29%
29
15
preferred———20
6%
2,000
17%
15
14%
19V8
87/s
9%
14%
74
*72
74
9
9%
9%
v9%
9%
*72
17%
17V4
17 Va
15
187%
191/4
19%
191/4
75
*19%
*72
17
17
*14%
8,200
6%
4%
16
14%
No par
1
(The) el A
Galr Co Inc (Robert)
Gabriel Co
138
-
2346
RECORD
NEW YORK STOCK
LOW
Ratnrdajr
AND
Monday
May I!)
May U
$
per share
11%
$
11%
7%
11%
25%
*76
77%
*177
11%
7%
7%
111%
111%
7%
25%
25%
24%
25'%
24%
"76 %
77%
*76%
77%
*76%
'
<
.
*177
*177
30%
29%
88 %
88%
88'/2
88 %
132%
132 %
132%
*132%
8l'A
•78%
132
*78%
132
81%
*125
127%
*30
31%
25
*78%
25%
45%
*125
127%
*29%
26
45%
45%
24'/«
'
52 %
*26%
*29%
30 %
:>>
100
24%
25%
25%
25%
*25%
26%
>':>'/
700
17%
24%
24%
116%
116%
*46
*116%
51%
50%
51
46
46
22%
21%
22%
26%
26
26
4
40%
3%
14%
14%
105%
3%
31%
34
29 %
4%
5
107
32%
23%
27%
3%
4
14 %
14
29%
29%
29%
33%
27
28%*
28%
4%
4%
5
4%
■;
23%
68
69
85
v
*84
31%
107
31%
32'A
32%
23%
23%
48%
106%
116
116
*173
*100
*117
~
*9
4 5'A
47
45%
45%
46
*107%
108 %
108
7%
10'/a
10
193
10 VB
10
193
87
86%
183 Vo
184
4%
4'/a
81
6
85%
6%
9%
85%
183%
4%
22%
21%
82
9%
*6%
10
195
/
85%
183%
4%
No par
86
21%
43% Feb
2
Jan
16
Jan
19
4% May 15
15% May 15
Y
10
32% Feb
'
Jan Y 2
27
-
14% Jan
'
7%
•>
21
28
t
t
114
Feb
1%
6Y
Sep
70% July
13'A July
Feb
30%
Jan
>
May 19
34
6
•
3% Jan
37%
July
2%
Jan
22% Mar
Jun
11%
.
Dec
28% July
8%
Feb
1%
Jan
6
Aug
24
Feb
32%
NOV
10%
Jan
23%
Dec
Jan
56
Dec
87
28 j/ Y25%
46
May 8 -
Jan
77%
Dec
35
Apr
28 *'
Jan
22
Dec
25% Feb
20 ^
20'A
Oct
2
5% May
*79%
4%
V
82
"
7
6%
6%
34%
34%
142
A
28
28'%
27%
28
27%
28%
29
96%
97
29%
96
97
96
13
96'A
13%
96%
13%
12%
13
85%
86
85'%
85
*46%
85%
47
46%
46%
47
47
84%
85%
47
*46%
130%
130
139 %
*132
29%
30%
40%
'
40%
130
40%
133
139%
40%
133
*127
139%
*132
*132
29%
29%
29%
40%
•'«:•
16% Aug
136
*127
139%/
*125
25%
25%
25%
24%
24%
29
28%
28%
24%
24%
24
24
23%
25% : 25%
37%
25
*24%
40
40'A
*40%
*39
*112
115%
*112
115%
*112
122 %
122
122%
40%
*37%
*110
110%
*37%
39
*120
'<«.«i. •' '
*120
110
*120
'
32%
33%
89%
90
91
91
104%
*109
33
••■
40%
115%
*112
115%
119%
*117
118
*36%
37
*3 09
110'%
*36%
110%
32%
91
102'/a
28%
90%
102%
28%
32%
28
'•'•'
■'
'
y
'>Y:
91% Y: Y
103
28%
195'/a May 19
5-
,
Feb
23
Jan
26
26
19%
79
42% Jan
No par
Mar 27
Joy
180%
Feb
21
1%
Jan
15%
Jan
7
1
4'A
25'%
Apr
5
65Y
130
Y 88
39
Feb
2
42
Jan
2
133
19
18%
Jan
Dec
Dec
80
Y
Jun
Dec
6%
Jun
32'A July
Jan
136
Oct
13%
Feb
21"%
Dec
66
Feb
94
Dec
7%
Feb
12%
21
68 %
Jan
92
Jun
5
Feb
39'%
Jan
47
Aug
47% May
92
Nov
3% Aug
.
Jan
8
188
Jan
15
35%
Jan
Jun
43
Sep
Jan
93
Dec
Feb
135
Oct
11%
Jan
20
Dec
11%
May 22
Jan
20'A Aug
56%
2
31% May
No par
18% Jan
2
31% May 7
25% May 18
26% Apr 24
Dept Stores
Apr
20'A July
15
Jan
20%
41% Jan
29
Jan
45
July
Jan
144
Dec
No
par
.No
par
137% Apr
•
17% Jan
2
19% Jan
24
36 3A Mar 27
1
No par
preferred
145
Jan
111
Jan
..No par
101
12%
.31
A_.
100
May 16
138'A
22
41% Mar
6
113% Feb
15
107%
Jan
May 18
84%
Feb
2
;
122 %
Jan
25
37 % Mar
112% Apr
17
,90
Jan
10
102
25
27'/a Jan
24
27
1
27
100
79
91% Jan
l
15
9
109% Jan
100
conv
Co
150
117
23
Jan
....
ser
12
19
Dec
'
34% Jan
100
pref series B
Mfg
82 %
Jan
18% Jan
&
5%
i,aoo
Apr
No par
Chicago RR stamped__100
Jone-s & Laughlin Steel
No par
>5% pref series A
U.000
Feb
67%
165%
Dec
100
4Vo. 2nd preferred
Joliet
154%
May 19
13% May 3
137% Apr
50
105 %
7
97
15
Nov
'
27
140% May 22
29% May 25
9% Mar 26
100
104
Apr
90% May
187
2
84% Jan
par
preferred
M%%
•1,100
.
129
15
Jev/el Tea Co Inc
16,700
'
10% July
36% May
100
Johns Manville Corp
Johnson & Johnson
J;
;Y:
29%
8% July
Jan
2
.
103
%
Jan
24
100
Oct
40% July
6%
5% Jan
Co
8%
Apr
6%
2
75% Jan
29'%
12% July
1
28% Jan
conv
Interstate
150
:
*•/•'":'•' '<
Jan
9% May
7'% Jan
6
1
100
preferred
$6
1,100
33 >
9 l'A
102/
28%
w•
32%
91
102
.:
>
17
23
Sep
Aug
Va Feb
—No par
Preferred
90
>
i
'
2% Jan
5
•
1.100
v'1
110%
*120
31%
>
.
T
:
Nov
165
X87
11
24% May
84% Mar
7% Feb
Intertype Corp..
Y Island Creek Coal
-1,600
37
*109%
*120
31%
103%
28% >29
40
*112
37
91
'92
103%
29
„:
36%
39%
■
600
W
23
111%
Feb
8
4
.
Jan
Mar
Apr
10% Mar
19
Jan
88%
71'A
50% Apr '27
74% Mar 21
178%
42% July
106 % Dec
Jun
158
6
6% Mar 28
173% Jan
Apr
109
8% Mar 26
100
100
9% May 25
3
par
No par
8
15%
35'A July
'.
•
8
6
par
5%
May
14% Mar
25
par
.
94
•
2,800
.
8% Jan
37% Jan
104% Jan
No
-
Intern'l Telep & Teleg—
Foreign share ctfs
1,100
X119
•;
t
1
100
:/
Apr
120% May 7
173
May 12
11% Mar 26
No par
4,000
24%
2
No
37,300
*148
>Y 39%
'
121'%
*120
32%
89%
.29
V
40
113%
121 '
>
33%
104
*112
37 %
110
33%
25
*37%
*148
*38%
■
121%
37%
110%
.
40
25'A
38'%
*148
115%
121%
38'A
*110
I
26
Jan
No
7%
25%
39
25%
37
37%
150
Feb
82
par
No
International Shoe..
Y International Silver
300
-
28% >29%
28%
29%
28%
25%
28%
2
166
No
139%
29%
149%
430
136'
*132;
29%
25%
1,000
*127-
29 '/a
38%
41%
40%
104% Jan
5% preferred
Y International Salt
300
29%
28%
v
1
28
49% May 17
109% Mar 16
24
par
20
preferred—
International, Paper
Jan
100
No
preferred
Y Inter Rys of Cent Am
2,500
105
par
....
Co
Preferred
<
'
136
29%
150
47%
139%
30
25%
13%
85%
"
30
37%
'
3,000
13 '/a
41
Steel
Int Nickel of Canada
4
35,100
85%
28%
29%
150
40%
No
preferred
4 %
preferred
International Mining Corp.-
"
*45'/a
18% Jan 22
No par
>'
200
96%
12%
85 V
'
preferred A
Int Hydro-Elec Sys class
International Mln & Chem
■
76
-
2
Int Business Machines
£4,800
13
v
1000,
International Harvester
1,800
34%
*138
A
May
37% Apr
2
,i.
100
6%
33%
143
24
19% Jan
4%%
6,050
*6%
*138
.: 72% Jan
Insuranshares Ctfs Inc
Interchemical Corp
11,000
22%
96%
:
i
900
6%
143
100
39% Jan
.
390
34%
*138
30
par
Inland
4,200
.1
6%
140%
47% Jan
par
Interlake Iron
86%
*79
.___100
Rayon
8,600
4%
82
24
^
series
37 %
3
Jan
Intercont'l Rubber
'
81
ctfs
29% J an
Y 19%
100
4%
1,600
184'
22
Co
Inspiration Cons Copper
80
.195
183%
4%
21%
lines
10
9%
195
RR
7
28%
'40%
29 V»
20
1
Ingersoll-Rand
i
2,500
Y
108
33%
„
35
'
104
Feb
18,
Jun
18% Aug
Nov
63;.
Apr 20
'
45
Jan
107%
Apr
18%
No
$4.50
'3,400
f 500
45%
84%
%
9'A
*107%
183%
Yw
22%
*79
6%
34%
140
4
12%
28%'
*125%
29%
18
81
34% Jan
;
May
13%
2
Nov
19% Dec
117
Apr
47% July
•
Jan
42
Sep
21%
,
Oct
39
22
No
6%
96
130%
104
115
*•;
12% Jan
100
preferred series A
RR See
1,200
45
7
195
86%
6%
35 Va
10
183%
v
*79
143
Y *12%
37%
111% Jan
47%
Jan
13% Jan
66% Jan
-
Indianapolis Power 8t Lt
500
91
12%
108
*6%
194
4V4
22%
Y
%
34%
9%
86%
4%
81
45 W:
183%
;
183
22%
*140
37'%
17
Industrial
.
100
118
90
9%
108
6%
>193%
195
4%
22%'
6%
10%
195
87
184
6%
106%
117
12%
9%
108
6%
560
-
*173
89%
12%
46
108
195'/8
*105%
118%
89%
•
9%
107%
195
106%
*173
48 %
122 %
2
-
25% Apr
20
Central
Leased
1,400
108%
10
Y
2,700
48%
*100
118%
6%
130
48%
48 %
7%
1
86%
23%
*107'%
7 % '
*84
31%
9 %
7
86%
23%
9%
9'/a
26
Manhattan.
non-cum
Illinois
2,800
*47%
9%
9%
38%
13%
Apr 11
23% May 7
28
Apr
3 .1
103% May 21
100
■i Idaho Power Co
1,900
24,800
23'%
12%
150
preferred-.---—----
&
36% Mar
1
49%
12%
*25%
Y
No par
Hupp Motor Car Corp
8,500
23%
48
*173
.
68
12%
v
>
48%
23% ::
*116
65%
,
92
47%
16% Jan
No par
v.
Finance
Hudson Motor Car..*——No par
144,400
35%
89%
84%
B__
preferred..Hud Bay Mln it Sm Ltd
6,200
34
34%
*30%
47%
118
33%
34%
85
31%
*104
33%
32%
92
40%
Nov
25% Aug
23% Dec
20%. Jan
4 7'A
i
33%
33%
66
12%
*37%
'
•
33%
*90%
150
4%
4%
64
12%
40%
t%
40
1,800
14 %
•
32%
90%
*46%
Household
•
•
29%
29%
33
:
85
31%
48'A
*173
'
Class
1,600
•
30
12%
*83
107 %
3%
90%
13
107
14'/8
4%
'
97
170
•
Feb
19%
53% May 11
4
100
5
*84%
106
118
29%
107
*104%
4,400
3%
12%
96%
26 %
14%
92
28%
22
26
30
12%
*12%
21%
2
5%
30%
33%
23%
47%
106
35'%
21%
18
44% Jan
Hudson
29%
90%
6%
.114
24% May 17 V,
119
Apr 11
116% Apr
1.000
3%
*13%
4%
Mar
-
49% May 8
20% •Feb 19
17% May 21
>42-:' Jan
*>,300
3%
31%
23%
48%
35%
Dec
-.5
141/s
33%
31%
*140
July
125
100
Howe Sound Co.
84
82
73
Apr
12.50
1,800
84
"81
Jan
19
30'A May 10
29% Feb 28
No par
40
84
22%
63
Feb
15
40
84
22%
Mar
23
39%
34 %
4
134
17'/a Jan
39%
39%
67
86%
Jan
8
40
33%
*183
128
72
Houston Light & Power Co ...No par
Houston Oil of Texas v t c
25
66%
7
15
:-No par
9.800
33%
,
Feb
41% Jan
(A)
16%
67
"9
130
160
">• "' Y\;
•
*33%
—'
Jun
-10
(Del)
78 %
33%
-i.
Feb
89
2
16%
66'A*
*173
27%
Apr
23% Jan
78%
34%
118%
Apr
75
...1
16%
68
*117%
20%
6
131% Apr
79%
67%
107%
24
15
16
33%
48%
31% Apr
90% Mar
15
77
40%
29%
4
25
16%
30%
5
Sep
22% July
75% Feb
•
8
Feb
77
13% '
31%
Jan
Dec
22
Jan
16
3%
Sep
63%
112
Jan
25
75
30%
4%
33%
*104%
14%
30%
20%
Dec
8%
v
Mar
Jan
123
16%
40%
9%
Jan
99
82
par
78
31
*13%
31%
,
46%
Furnace
Hollander & Sons
■Y 3,100
>1,000
50%
*45%
26
40%
'
50%
46%
21%
26
*104
16%
Apr
2'A
8
134% Apr 10
80% May 16
No
Holly Sugar Corp
7 % preferred.
Homestake Mining.
Houdaille-Hershey cl A
20
50'/a
1
Holland
400
-1,900
26
22%
26'A
103%
*76%
8
• per share
22% Jan
170
No par
preferred
conv
6%
25% May 19
77% May
2
177% Apr 24
2
.100
—-
Hlnde & Dauch Paper Co
Hires Co (C E) The
1,100
17%
24%
24%
*116%
*45%
17%
46%
*17
24%
50%
46%
78%
$4
100
15
'Feb
Highest
per share
..10
preferred
Hershey Chocolate
81%
125
46%
17%
51%
16%
*23%
46%
*45%
78%
*106
46
*17
45%
17
31%
47
22%
30%
*79
*122
*116%
46%
26 'A
*
81 %
125
17%
78%
33%
30%
*78%
24%
42
6%
160
*29%
*122
17%
17
3%
132%
Motors-
Year 1944
share
8 % May
118
10
71% Apr
No par
No par
Hercules Powder
81%
24%
*41
Hercules
20% Jan
.100
preferred
• non-cum
3,000
30 %
103%
26%
*77
132%
15
25
W)
1,000
'
:
126 '/a
45
104
89%
*78%
26%
52
7%
Vl
29%
89%
108
per
12% Fe'o
4
Mar 26
Mar J3
6
tv
..25
S
.
Lowest
•
46%
■
77%
*29%
29%
*25%
■
(G
*123%
125
29%
1
Co
Glass
Co,
Helme
132%
132%
24 %
51%
22%
.*103%
133
Hecht
100
89 %
22%
•'45
22%
89
88%
2,300
29%
,
Mfg Corp.
25
*177
*17%
-
*116'A
52%
45
77%
Hayes
Hazel-Atlas
750
*24%:
77%
29%
17%
17'A
24%
25
29%
45%
17%
*24%
:
29%
'24%
*17%
*116%
28%
81%
125
31
*25'A
29%
14,500
111
*110%
*177
29"%
88 %
•1,200
7%
7%
111
9% Jan
—1
Hayes Industries Inc
11%
11%
7%
111
# per share
Par
Shares
$ per share
11 %
7%
111%
88'%
132
11%
7%
111
30%
*87%
11%
77%
*177
'
11%
Range Since January 1
Lowest 'Y -.... V. Highest
STOCK
EXCHANGE
the Week
May *25
$ per Jiare
25%
*76
V
30
$ per share
7%
25%
May 24
NEW YORK
Sales for
Friday
Thursday
.
11%
Range for Previous
STOCKS
PRICES
Wednesday
May 23
111%
111
SALE
$ per share
11%
7%
111%
25%
HIGH
Tuesday
May 23
per share
8
111%
•
Monday, May 28, 1945
THE COMMERCIAL & FINANCIAL CHRONICLE
Mar 27
,2
19% Jan
9
Apr
30
38% Aug
112%, Nov
105
Nov
107%
Dec
34%
Sep
Sep
111
Dec
May
95
May
'
Apr
90
33% May 18
92
20%
9
28% Mar
1
4
■
Jan
28
Dec
58
May 22
104'A May
; 30%
May
Jan
80
Dec
66 '/a
Jan
93
Dec
Jan
20%
Dec
21%
Aug
10%
K
*26
27
*26
27
*118
123
*118
123
*25%
*
118
26%
123
,
26%
*118
.
26%
25%
123 YY
25%
*118
123
21%
21%
20%
21%
20%
20%
49%
49%
49%
20 %
49%
48% ; 48 %
*21
Y 47%
21%
21 %
21'%
21
29
29%
29%
31%
30%
31%
30%
27%
*27%
27%
24%
21
*29
29%
*27%
*
28
27%
28
24%
24%
38%
39
24%
38%
:39
28
25%
26
47 %
46%
•
47%
*26 '/a
47%
*9
9%
*75%
30%
*108
*9
77
30%
28 %
30
.
42 %
42 %
29%
41%
30
42
28%
28%
10%
.*9%
40%
10'/a
41
42
4%
47 a
347
42%
47V
51%
*53%
5334
18 Va
34%
rl39
5
•
47V'*
Yi
13'A
347'a
139
Y
35
34 Va
51
51%
5'/a
54 34
•63'/a
13 V«
,
*52%
137 a
34'A
Y
35'A
13%
34%'
*110
*
53%
13%
..."
Y
>
>
>
11,300
34%
•>■'
;• 76
•
•
109
v
40 3 a
>•'•
13%
34%
Y 13
343/4
34%
52
13%
>:
34%
34%
*110
.
2%
2%
46 34
45'A
45%
45
45
4
41
41
23
4074
23
41%
23
18%
23 7a
19
19
19
91
*90 %
191
*32%
91
91
191
34%
*90%
91
92
91
91
23
23
"
50%
91
90%
91
191%
191%
191 %
191
*32%
34%
*33%
34%
18%
18%
60%
61%
8%
50
8%
50
91
91
89%
90
491
34%
192
34%
13'/a
•
2%
44%
41%
23 '/a
23
-
41%
23
*22%
18%
X59
8%
49%
*89
90%
491
*34%
18%
18%
19
60'A
59%
59%
8%
8%
8%
50
50
91
*89%
90%
91
192
192
34%
*33%
-•
7,200
'
2,300
■3,000
1,000
>
■;
2,500
;
3,100
15,100
50'A
600
90 %
V 300
91»a
1,000
193
34%
160
55
55
54%
54%
48
54%
48
54%
53%
54
46%
47%
52%
46%
53%
47
53%
54
2.000
46
46
45
45
45%
45%
1,800
;For footnotes
see
page
2351.
Str
XJ r.
!
I
4%
;
100
6%
27
18% Jan
2
25% Apr
30 "
ioo
j
(The)..,
„_No par
No
*
13%
Jan
29%
Jun
37%
Dec
19%
Jan
24
'
Dec
33% Jan
31% Mar
42
15
47% May 19
10% Feb 23 M
9%
Dec
21
78% Jan
15
54'%
34% Jan
3
8% Jan
73
Feb
*
8
29% May 23
'
May 15
Mar
26
8% Apr
7
36 V
Jan
19
37
Jan
24
4% Apr
31% Jan
112
Mar
3
•
5
11
Feb
32
108%
28% May 18
22
Dec
34%
Dec
108%
Dec
27'%
Nov
41% May 15
44'% May 7
27% Jan
39
Dec
31%
Jan
37%
Nov
26
5
7% Feb
35% Jan
Jan
Apr
x31 %
Dec
17%
Jan
31 y*
Dec
Apr
49'A
Dec
8
Jan
16% Feb
15
24
37
Feb
20
21
Apr
29
143
Mar
6
113
Jan
13% May 25
12%
31%
127
Oct
Dec
Dec
4'A
Jan
2
l'A
Jan
35% Jan
2%
Dec
22
47% May 18
15%
Feb
39'A
Dec
22
43
29%
Jan
38%
Dec
18'A
Jan
21%. Jun
2% Mar 26
3
Jan
May
5
5
20'/e Jan
3
23 7% Mar
7
par
17% Jan
22
19% Feb
28
24
65
par
7
H._Ia
25
~ 25
joo
N0
54%' May 22
54% Mar., 2
36% Jan
par
50
par
No par
Co....—......No
Oct
38
29% Jan
123'% Jan
I*
lO'A
2
19"'
4
,
Dec
6%
Jan
Liggett & Myers Tobacco
Oct
Dec
13
,3
30
78'/a
Jun
Feb
12
6 % Jan
19%
Feb
Jan
Co.I"Io
No
Jun
May 15
22
25
Dec
Aug
24%
Apr 24 Y
Jan
100
20'A
X26
27
47
Hill
(new).IINo
Lily Tulip Cup Corp
Jan
5
(The)
Lima Locomotive Wks
Belt
Feb
Jan
24
50
Preferred
13'A
17
20
"■
Jan
No
Series B_.
Mar,
30
preferred
Corp
39%
par
Cement..
preferred
«Libbey Owens Ford Glass
Libby McNeill & Libby
Life Savers
Corp
Dec
Jan
40
26
_No par
No par
14%
5'A Jan 24
22% Mar 10
3
108
i
Lehr. & Ftnk Prod
Corp
Lerner Stores
LinK
28% Feb
-
& Go
Corp
9
31% May 22
loo
Portland
conv
26
par
Feb
124
Jan
19%
5
23
par
Apr
Dec
6%
22
io
.Lehigh Valley RR
Lehigh Valley Coal
Lehman
117
18% Jan
io
preferred
conv
16'%
Mar 26
22% Jan
i
.No
Rubber & Tire
Lehigh Coal & Navigation
Lehigh
50
-
23% Jan
;
Bryant
*
<
No
Inc,
(S H)
124
1
._i
Lee
*
34,900
45
41%
Lane
8,900
•V
>:
2%
45
40%
Co
£Lambert Co
*
8,100
"t
13%
51% May
21% May
No par
.Laclede Gas Lt Co
->2,000
35'/a
44%
r
141,400
13%
*110
2%
46
40%
13%
22
No par
Kroger Grocery & Bak
'
f
Jan
3
5
prior preferred
4,600
.
34
Jan
,_]
_
Kress
400
47
*50
%
22% May 25
& Wire Co
1,000
*52% >53%
41'/a
51
42'A
$5
Kappers
4%-%
4.000
23
51
42'A
>'
22
cl A
conv
B
Kresge (S S) COi.
Kresge Dept Stores
100
52
41'/a
51
210
52%
'52%'
22%
*50
:
1,900
5%
13%
8%
4)
V
•:Y
f
54%
12%
61%
10%
■-.
28%
*9 Va
34%
12%
8%
109
28%
■
13,100
•
Y
3
Jan
i___100
Kimberly-Clark Corp..
Kinney (G R) Co..,
;
100
•
r
5%
2%
61%
•
53%
12'A
8%
76
29%
34%
*110
62 %
400
5%
2'/a
8%
29 'A
Jan
13
Kennecott Copper...,.
*
52 %
13%
61%
Y
Kelsey Hayes Wh'l
Keystone. Steel
2,600
83/4
20
117
No
non-cum
•Class
1,000
33%
,
2%
8%
.
12,900
5%
12%
62%
•
52
2%
8%
'
33%
127'a
62%
>
-Y
5%
2%
19
38%
26%
47 Va
34%
12%
19
a
53%
2%
l'A
i
'8%
41% >42%
12%
47
38%
*25%
;> *47
40%
2%
•
500
*
'"•■'
•
10%
12%
•
)
24 3
10
par
par
City Southern...
preferred
Kauftnann Dept Stores
Kayser (Julius) A Co
.3,300
f
27 Va
33%
13
*110
.
42
40%
30%
4%
300
24'A
108 Va
28%
:>
27'/a
29%
1
21%
*30%
Kansas
1,500
'■
9%
77
*9%
Kalamazoo Stove St Furn
Kan City P & L of ser
B.....No
18,900
49
*21
38%
Y
22%
:V>
47%
28%
40%
Y>.
26%
108
.
500
:
52
* 34%
51
53%
41%
5 7a
34%
a
48%
,
'!
47
29 %
28%
*9%
21%
*75
29%
108 %
•
28%
••
f.
,
"9
76 Va
29%
108%
108%
(
34-%
76 Va
9
!
123
Y 49
24
38
y
22
48'/a
*25%
46% ' YY.
41
10%
41
76
108 %
28%
*9%
26%
8%
21%
24
38'/a
46%
9%
76
30%
*40%
37%
*25%
*20%
26
•
20%
48%
21 Vo
38%
26%
*9
109
28%
10%
41
46
: >
48%
46%
*25%.
76
109
28%
10%
*40%
24% .24%
38 % ;
9%
.76
109
*27% f 28
24%
20%
26
*118
30%
27%
*24'A
*20%
'
v
par
51 'A Jan
7% Jan
"2
47% Mar 28
52
78
May
5
91
Jan
2
78
Jan
3
181
Jail
5
32
Mar 28
47% Jan .25
41% Jan 22
9% Apr
Feb
17
1
May 19
91% May 25
195% Apr 25
38% Feb 21
59 Vo Mar
1
51
7
Mar
8%
Dec
17% Dec
19%
Dec
42
;
53%
Aug
6%
Jan
Apr
8% July
39
Jan
49%
68%
Jan
83'A
Jun
67%
Jan
86'%
Jun
Dec
174%
Jan
26%
Feb
32%
36
Apr
52
Dec
37
Jan
44
Dec
182
Nov
Dec
LOW
May 21
May If)
$
per
$
share
»
;
SALE
STftCKS
PRICES
Wednesday
May 22
May 23
Sales
May 25
the Week
May 24
$ per share
$ per share
NEW
for
Friday
Thursday
$ per share
share
per
HIGH
AND
Tuesday
Monday
Saturday
Shares
$ per share
Range for PreviomB
STOCK
YORK
21
21
21%
31%
31%
31%
31%
500
24
24%
24%
23%
23%
24
24%
17.600
Lockheed Aircraft Corp
27%
28 '%
271%
27%
27%
27%
271/8
27%
27'/4
27%
271/8
27%
25,600
Loews
57%
58 %
57%
58'A
57%
57%
551/4
57
55%
57%
20
20 %
"
19%
191/a
19%
47%
47%
47%
'
24%
24
172 'A
*112
241/4
24%
24%
172
175
*173
;•
19»/4
*19%
20'A
4,000
*26'%
26'A
55 y2
55 Va
5-4-/4
bo»/2
*47'/a
48
2,000
Loose-Wiles
23%
23%
24Vs
172%
172%
172%
3,400
172%
26'A
26'/4
26'/8
261%
•26%
26%
541/2
261/4
54
53
5 J "4
53 '/4
53%
54'/4
54%
*33
33'%
*32%
33%
23%
174
*172%
*32 %
33%
*32%
33'/,
*32%
May lo
Lorillard
4,300
24'A
24
4:
'
i
180
Nov
Jan
40%
Feb
53
Dec
8%
7%
(P)
Co__
15% Jan
6
40'% Feb
20
10
18% Jan
2
Jan
4
176% May
9
23% Jan
2
27% Mar
1
;
__
186
100
No par
1
50*
Nashville—
&
9
50
preferred
Louisville
3,900
60% May
23
No par
Biscuit
Louisville Gas & El A
700
-
Dec
23%
No par
Long Bell Lumber A
47'%
26%
24%
174
26 Va
30 Va
Jun
—25
56%
191/4
47'%
'
26 %
*
26
Cement Corp
etar
juone
561/4
19%
47%
'
31
___.No par
~1
Inc
47%
19 >/4
471%
Jan
14%
28% May 17
21
31%
23'% ,23%
47%
19%
31
211%
31%
19%
Nov
13
2
19% Jan
20%
31%
47%
17%
34% Feb
24% May 12
19% Jan
29% Jan
I
21%
24
'
22% May
24% May 12
No par
No par
21%
31%
24%
.
Highest
I per share
I per share
share
Liquid Carbonic Corp
22
31%
241%
4,?«>0
1944
Lowest
Lion Oil Refining Co
21%
*31%
"
t per
I per share
Par
V
21%
■•
Year
Range Since January 1
Highest
Lowest
EXCHANGE
31%
21 Va
■>31
.
2347
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4389
161
Volume
Jan
16%
Dec
50% May
28
Jan
44
Dec
25
17%
Apr
20% July
20% May 18
151
Jan
Dec
165
24%
Oct
20%
Jan
25%
Apr
30
Dec
Feb
148
Nov
Jan
48
Dec
57% Mar 19
Mar 27
52
2
May 18
M
34
MacAndrews
34
*33
*152
57%
57%
35%
57'%
*107%
\
*107%
108%
16
*28%
28%
*28
57%
35 »/4
34>%
35 V«
34%
108 «/4
*107'%
108%
1081/4
57%
28%
7%
8
7%
4%.
4%
41/2
351/4
par
Macy (R H) Co Inc
1
4'% % pfd series A__
No
per
31% Jan
22
100
106% Jan
24
par
16% Feb
3
..10
17
■"
"17%
17%
17%
17%
2,500
Madison Square
*18%
18'%'
18'%
18%
18
18
2,100
Magma Copper—i—....
Mahoning Coal RR Co
*370
426
*370
91/4
15%
*13 ',4
28%
28%
8,700
28 %
7%
8
7%
8
8
8
2.800
4%
4%
4%
41/4
4%
41/4
15%
16%
16%
16%
16%
16%
16%
18
24ya
24
24%
23%
24
23%
24%
23%
24%
108%
*107%
1081/2
*107%
108%
*107%
25 '%
25%
24%
251/4
24%
25%
25%
26'%
15
15%
15
15%
15 Va
15%
14%
15
45%
45%
*45'%
46
45'%
45%
36
195
*192
195
36
29%
25%
25
*191
35%
35%
U1/4
11
11%
111/4
11%
45%
45%
46'%
46'%
110%
110'%
110%
110%
*110
24%
24'%
*110
2,700
35%
24%
37%
37%
38
37%
371%
36 %
37
21%
211%
211/4
21%
22
21%
21%
*57
57%
*56%
261%
26'%
26%
26%
104%
104'/2
*104%
18%
18%
•111%
112%
1141/8
*108
36%
*21%
56
*56
56
26%
104i%
26
IO51/4
18 «/4
18'%
.18%
18 «/8
18%
18%
18'%
*111%
112%
*111V2
112%
112%
23
20
*112'%
22'%
22%
22
22%
22
22%
15 %
16
15%
15%
15'%
15%
151/4
15%
4
15%
5;300
*101'%
103'%
*1011/4
103'%
103%
100%
103%
102
*98%
*101'A
20
*100'%
100
103%
100'%
100
*100'/2
100%
100
*38%
38%
38%
38%
-
:
*
15
'
60%
*43%
44i%
44 V'B
107'%
8
8
157
157
159
16%
17%
2 Va
2'%
2 '/a
*109
112%
*110
120
*118
■
28%
28%
44 %
112'%
9'%
120
27%
*27
7'%
7'%
7%
7%
25%
25%
26%
19,400
*44%
45 Va
45
45
451%
*29'%
30
30
30
*29
95%
941%
30
29%
29'%
941%
91%
94'%
*44%
45'%
90%
90%
115
*134
116
"113
116
*109
110%
*109'%
111%
115
*113
115
•114
115
115'A
*113
116
109 %
111
*109%
110%
61%
61
61%
61'%
1,600
316
20
y
"109%
110 %
V';/: 60%
61%
13;600
42%
42'%
500
3,820
v.
61%
61%
601/4
61%
42%
*42%
42'%
42'%
42%
42%
*42'%
42%
42%
61%
*42
61'%
39%
39%
39«%
39%
40'%
■r
39%
40
39%
40
30
30
29%
29%
31
29%
31'A
30'A
29
30%
27 %
26%
Motor
27
3,800
27%
27%
27%
26%
28'/a
27
x27%
36
351/4
*35
36
Mueller
351/4
l',200
36%
35%
36
35%
13
13
*12%
13
3,900
13%
12%
*12%
Mullins Mfg Co
*102'/2
103
131/a
131/a
12%
103
*102%
13'%
102%
102'%
27%
27%
271/8
'271/8
*93
94
114
*111
93
93
*111
19
18i%
19
18%
57%
*56
57%
*56
1141%
13
102 %
27%
*102
102'%
27%
94
*111
94
114%
18%
57 Va
*111
114
114%
17%
18%
*95'%
95
95
*111
17%
18%
*55 %
94 y2
114'%
94i%
.
28%
28'%
*27%
28
27%
102'%
102%
102%
18'%
18%
*55
28'%
600
97V2
10
114
16,400
18%
57%
57%
*55
57%
20%
20
20%
20%
20%
32.200
41%
*55
42
42%
42%
43%
510
24%
24%
25
25
2,400
22%
24% May 18
113% May 17
$7
Wheel
29 Va
Oct
21
Jun
16
Jan
109%
>
Feb
27
112%
Apr
28
32%
Oct
2
23 Va Feb
20
14
Feb
22
Dec
Jan
2
61% Mar
6
47
Mar
24
Apr
2
21% May
55% July
28:% Nov
39
25
28% Jan
6
108,
104% May 21
Mar
9
Apr
■;
16
8
Jan
13
82
Jan
100
Jan
94
101
Apr
24
35
'Jan
2
X411/4 Apr
19
31 %
Apr
381/4
Nov
May
8
8%
Jan
16%
Dec
14% Mar 10
21
.50
54% Jan
3
6514 May
8
37
Jan
33% Mar 10
>45% May
44% Mar
9
25
Mar
37
2
27
Jan
3.90%'pfd.. 100
3
Jan
Jail
30
107
Dec
23
9% Mar
1
6
.Jan
2
31% Apr
35
Jan
24
137
Jan
3
7% Jan
26
..10
:
53
160
68
Mar 24
15% Jan
1% Mar 27
109% May 21
.100
110
114
2
par
Jan
J an
Feb
class B——:
Feb
79 »/2 Jan
97% May
115
Apr
114% Jan
119
Apr
108% Feb 27
47% Jan 12
Dec
Jun
Sep
25
13
2
6%
V
Dec
Oct
88%
Oct
117
Jan
114
Nov
119%
Sep
Jan
113
Aug
12
17
J07%
41%
Apr
53% Nov
Feb
21
35%
Jan
42
Oct
26
21%
Jan
35%
Dec
May 17
15%
Jan
24%
Jun
44
32% Jan
23
41% Apr
par
21% Jan
20
32
23% Mar 27
31% Jan
16%
6
40
•
May
5
13% May
>
1
Jan
25'/*
Dec
26%
28% May 17
6
9% Jan
Apr
33%
Det
4%
Jan
'10%
Oct
;
No
par
22
No
72
Jan
28'A May 25
preferred.—-—*No
4
20
Aug
70
May
110
Nov
105
97% Mar 27
Inc.
Murphy Co (G C)
4%% preferred
Murray Corp of America
Myers (F E) & Bro
18%
39 Va
62% Apr
Mar 26
par
Munsingwear
Jan
Jan
74% Apr
111% May
8
111% Apr
Oct
Jun
23%.July
Jan
19%
8
111% Jan
9'/4
111
8%
30
33
25% Jan
V
2%
29
46% Apr
par
50
::!
>
9% Mar 19
31% Mar 19
—5
±No
Co,—»——
Dec
6%
41
—.i—
112
Sep
17%
22
Dec
107
93%
22
Jan
Dec
Nov
9
5% Jan
Dec
46
114
113
8
16% Jan
Oct
2%
Apr
May
119
4
22 V4 Jan
36
Oct
Mar
31% Mar
7% Mar 26
109 % Jan
Aug
58% May
19% Dec
108% May
Mar 13
111% Apr 24
9% May
8
May 22
par
par
1%
36%
113% Jan
4
May
39
Oct
105
Dec
144%
Apr
2% Jan
Dec
8% July
28 V* July
Jan
12%
Aug
107
W
Jan
46
47% May
.100
par
271%
116%
6
Jan
42% Mar 26
.100
--No
Mar
Dec
39
38
Sep
19% Feb
19
109
-1
23%
24
45% May 17
Oct
55 Va
: i
Apr
109
106% May 16
—5
par
Sep
3
par
...3
Dec
Jan
70
-.5
A vto—No
Oct
Dec
19% July
94
...1
par
Dec
13%
16
May 21
105% Apr
12
104%
111
16% Aug
23% May 19
::
12% Mar 27
98% Jan
1
par
Apr
19% Jan
par
—
Dee
52
3
Corp
Brass
19% Jan
17% Jan
...
July
110%
-10
i—
Corp
Motor Products
100
1,400
1
25
11 Va July
44
Mar
Sep
preferred series C
No
Ward & Co.,—No
Morrell (JDhn) & Co
.
No
28%
37
35% Mar
106 %
Feb
$4
31%
Dec
Nov
Apr
Montgomery
39%
37
22
..10
28%
36
15
10
—
Morris & Essex—
24%
32'% Mar
27
Mar
97
Corp
39i/2
2,400
49% Apr
112
Jun
176%
Mar
4% Mar
12% May 25
4
Sen
29
j
5
May
103
No
31%
'
19% May
170
May 17
112% May 23
vtc
39%
>
38
24
.100
200
93%
16
195
109% Jail
7% preferred series A———
..20
Mohawk Carpet Mills
Monarch *Mach Tool—
No par
.10
Monsanto Chemical Co—
$4.50 preferred ser A
-No par
par
/ Preferred series B
No
115
*113
115
*113
90
*114
27% Feb
12
20
t
300
•
Apr
25 % May
.100
«—
Mo-Kan-Texas RR__-
3,400
25'/4
32% Feb
4
18% May 18
Co
P & S3 M
B
Class
Mission
1,200
26%
7%
30
94%
*113
26%
26% "
26%
5,800
8%
120
25''2
*29%
*
*118
80
:
■
7'/4
30
111
8%
8%
120
*118
27yfi
26%
27%
*111'%
8<T2
8%
120
111
*109
111
10
24%
*45
117%
*110
51 Via May
25
Minn-Honeywell Regulator .
4% conv pfd series B
4lA% preferred series C—
4% preferred series D
Minn Moilne Power Impl
$6.50 preferred
-No
'*"•
•;.
111%
12
Apr
5
13
13% Jan
Copper—,—.
St
Minn
;
600
71/4
45i%
115
*109
111
"
*109
111%
Jan
30% Jan
par
.100
1,400
26 %
7 Va
*44%
94%
*118
2%
44'%
Dec
4%
37'%
16% May 14
47'% May
Mar 26
i
7,600
17%
V,
44'%
25
7%
45%
•109%
111
/
25%
111% May 10
.
par
8 % cum 1st preferred
Minneapolis & St Louis Ry—No par
190
Jan
8% Jail
...1.
Petroleum—
Midland Steel Products.
No
2,600
;
I6V4
19% Jan
Mid-Continent
'
*109
8%
9
120
63 Va
16%
*2
2'%
%
155'%
22
1
15
Machine Co..——
Miami
1,100
43
42%
63
25'%
25
25%
8%
7.100
152%
44'%
111%
111
110%
110
*118
28%
17
2'%
x44 V<t
45 '
,
*109
7%
*1151.4
45
2'%
'2
28'%
43
16%
17'%
16%
2%
4 4 Va
*2
7%
/ 2,200
62
59
58%
58'%
Metropolitan Edison
.400
7%
156%
155%
156
*155
Mesta
28
43
43%
431/4
44%
156%
200
•800
107%
Dec
27% Mar
29
(The)
5% conv 1st preferred
.
Merch & Mln Trans Co.—.No
42
107%
S
May
20
40% Jan
Mengel Co
44
7%
7%
27%
111
*27'%
*113
7%
28%
*109
7%
94%
7%
109%
8%
107%
730
21
Apr
110% Jan
27% Jan
..18
Corp—,
*42%
42%
107'%
27%
8
109%
*110
-
"
*109
*118
42%
107
107
7
•
/
Jan
13%
;— ...1
—
*41%
421/8%.
*41%
43%
43%
44
111%
271%
*29
60
*109
7%
251/4
59%
111%
27'/4
*45
59i%
*107%
9 '/a
9
59%
41%
107 %
441%
45
45
111
601/4
41
17 Va
nVi
*107i/2
59%
16%
59
2 Va
111%
8,700
59 %
17'A
45i%
18
18%
*58«%
59
45%
1,200
18
58'/4
58'%
*
38%
181/4
156'%
45'%
44%
45%
45%
29'%
28%
29
28%
*157
38%
18
''
8
,
38%.-
18 %
60
43''2
107%
8
107
38%
18%
*41 1/2
107%
44
106%
38%
8%
Jun
12%
par
No
Melville Shoe
Oct
Aug
6
35
preferred series A—...Wo par
$5.50 pfd ser B w w—
No par
/
Dec
4
20
23% Jail 26
$6
220
42%
59 Va
42%
15 3
15%
38%
39
18 %
18%
59 V*
*89
100
*99
100
38%
18'%
60
42%
8
100
*41%
19
18%
60
*41%
103%
Jan
9% Mar 26
.—5
Mead Corp
23'/8
23
Jan
8% Feb
par
...Wo
Mfg.
McQuay-Norris
2%
18% Jan
40
par
No
;
preferred
5%
,
3,500
23
22%
16
24%
9
176% Jail
——
Co__
Stores
McLellan
6,100
Feb
Feb
24% May 19
21% Jan
preferred ww—1— .100
preferred
$4
300
IB'% ■18%
112%
,
7,100
10%
18%
16
par
.100
Mclntyre Porcupine Mines
McKesson & Robbins Inc
200
27%
105
105
18%
22
'
56%
26%
26%
*104
Dec
10%
Apr
May 18
16
22
7% Mar
1—. ..al
McGraw-Hill Pub Co
700
22
Corp
conv
Jun
6V«
27% Jan
—•
—.
McGraw Elec Co—v.
1,000
371%
37'%
22%
104 %
26
26%
105
5%
6%
8
Oct
Dec
391
Jan
18l/r Jail
par
No
-Wo
No
:
McCrory Stores Corp.
1,900
-
10% Jan
Dec
19
22%
15% Apr
...5
$6 1st cum
1141/8
36'4
*21%
57
57
57%
*57
24%
*108
1141/a
*108
114'%
*108
800
34%
*24%
34
24'%
Jun
2
par
-No
Alkali -"Wks
preferred
Department Stores.:
McCall
Jan
14%
28% May 18
4% Mar
8
3% Jan
—I
preferred
preferred
$3
i
14
2
17
iVo
No
Co__.—
Maytag CO-
70
__
34%
34
1141/8
105%
'
—
24i%
*21
*104%
—'
600
-
*110%
'
33%
*37
57»/2
14,100
47
May
3,300
12%
46 %
24
*108
114 '/a
36'%
12 VB
33%
24%
*108
36
12'%
47
♦110
7%
60
195
Elec
27
20
...1
Co
Mathieson
24'/a
24
*24
261/4
.25%
25%
*191
34
*331%
34
*33'/4
34
*33V8
Master
*45%
110%
*110
Masonite
Feb
108'%
100
Corp—.—
1,500
1,000
Jun
3
Jan
Jan
—
Corp
Martin-Parry
7,300
45%
11%
46
15'%
30'/s
35%
35%
351,4
35%
10%
27
301/8
25
45%
35%
Martin
20,000
26%
45%
191
11-
r
v
29%
29%
46
10%
*45
.
104
19
14
...1
Exploration
preferred
(Glenn L)
45% v
190
;
i
110
Va '!'<>
1
22% Jail
24
Marshall
12,400
4
14%
25
195
*107%
15
45%
25
193%
25
26%
14%
29%
29%
29%
26'%
■;
■
193'%
25%
25'%
26
25%
29%
29%
29%
29%
*192
1C9'%
*108
109
•107%
•z
Market
5,550
16
24%
Mar
Mar 28
7% May
38% May
X26% Aug
35% May 21
par
—
Midland Corp
—
St Ry 6% prior pfd.— .100
Field & Co--—..—•_No vnr
Marine
16,000
8
15%
341%
110
__5
No
Maracaibo OH
135
315
—I
Manhattan Shirt i
Co.
27
Apj- 23
Apr 30
-50
—
Bros
28%
*28'%
28%
*28
28%
24'%
*
Sugar
Mandel
-
"
4%
4%
15%
*14'%
15
16
46
Manatl
300
200
10
'
7%
8
426
9%
9%
91/4
151/4
9%'
*370
426
9'/4
15%
24%
46
Garden,.—No
17%
16
y2
100
18
426
59
No
*17
9%
153
2
Feb
33
16
147
Trucks Inc
3.800
35%
109 V8
*108
100
Mack
18%
"
4%
35
108 V4
3
Jan
47-% Jan
23% Jan
-10
Forbes__
&
2,-700
57%
17%
15%
*151/4
16
57%
*/8
35
*380
9%
9'%
9%
9%
16
18%
440
*380
440
*380
57'%
■
..
57%
*17
18
181/4
18%
18 %
108'A
17%
18
18
35%
*152
57%
57'A
*107%
57%
35%
351/2
*152
*152
*152
*152
preferred
6%
'
■
Jan
8
par
x82% Feb
15
95
100
110% Feb
1
115
May
May 24
Jan
4
.
<100
.
Oct
24'/a July
84
116%
Nov
Feb
.10
No
13
Jan
5
19
May 19
8'/a
Jan
14% Aug
par
53
Jan
5
57% May 16
43 Va
Jan
53 %
15% Jan
20
22% May
11 Va
35% Jan
23
45
25% Jan
2
Oct
N
20%
21
20%
21
20%
20%
201/8
41 y2
40%
40%
40
25'%
*41%
41%
40%
25%
25%
25%
25'/4
25%
25%
25
24'%
22%
22%
23%
24
24
22%
23%
13 y8
-13%
13%
13 Va
13'%
13%
13%
13
13%
.13%
13%
13%
13%
13%
13%
14
17
17
17
17'/4
16%
171/8
25%
26
25%
25%
25%
25%
'
*186
188
*186
188
*186
188
22
22%
22%
15Va
15'A
15
35%
36'A
35%
35%
16%
-16i%
32 3
26
17%
*190»/4
*161
*17
35
16
16
2.900
16'%
16
16
16
14%
31%
24%
*11%
12'A
-
42%
43
18
190'%
*161
163
*17
25 V«
25%
25'%
25'%
*11%
12'A
*11%
121/4
41%
42'%
40%
41%
43
43
43
17%
17
17'%
*42;
17%
104
103
29
28
28%
1911%
17%
34%
32'%
104
29
26
8.200
3,300
15
1901/4
163
,
171/4
*188
*161
*17
'
'
26
151/2
35%
32%
17%
18'%
102'%
*28%
15
35
14%
42%
25%
"
103
103%
28
27%
191
*188
191
163
*161
163 '
-
*17
.17%
25
25'%
25 Va
25%
34%
*34'%
11'/a
10%
17%
25
34%
24'/2
34%
101/2
73'%
731/4
71'%
73%
72% '73%
73%
17
17'%
17%
17%
17'%
17 V4
16%
29%
29%
29%
29%
*99%
100
99%
99 %
99%
103
103
*102%
18
17%
*102
103
*102
103
102
'
102
17%
17%
18
18
17%
18
11%
11%
11%
11%
*11%
11%
11%
17%
17%
17%
17%
17%
17%
17%
39 Va
39%
39%
39%
39 '/8
*105
76i%
*107
*107%
106
77
109%
108'%
17%
*105
*76
107
*107%
106
78%
107
1081%
*105
*76
39%
106
78%
107
107
*108
109
12 'A
*11%
*39y4
*105
*76
1081/4
.7,100
25
41%
11,300
42%
43
43'/4
103%
103%
•
>.
24%
35
27%
♦186
*1591/2
'171/4
-25 V4
*34'/4
400
-
-10,500
17%
%
250
-
28
28'/e
5,400
188'4
30
162
80
17'4
25%
11
100
•
.1.200
900
-
35
Va
11
10%
H'/e
11
72'%
71'/4
72
711/4
"17%
17%
17%
18
18'%
30 %
29%
30'/a
30
99%
152,900
30'/a
99 V*
99%
103
17%
103
17%
•Nashville
National
6%
i
Acme
conv
Products—-*.No par
Nat Enam & Stamoing
No par
National Gypsum Co_
1
$4.50 conv preferred.;
No par
National Lead Co_—
.—10preferred A
1°0
6% preferred B—
;—
100
■National Linen Service-Corp
i.1
Nat Mall & St'l Cast Co
No par
National Oil Products Co
l4
National Power & Lt
-—No par
7%
18
2,700
25
National Supply (The) Pa
10
$2 conv preferred
40
5'%% prior conv preferred
10
6%
prior preferred
100
National Tea Co
.—10
Natomas Co
2,400
71%
'
103
National Steel Corp..
—18,500
2,300
730
60
-
;
—
-11%
ny2
11%
Hi/2
17%
17
171/s
Nchl Corp
17'%
3,000
17%
40
39%
39 %
Nelsner Bros
39'%
1,000
40
106
78'%
1081/4
1 no
106
*105
1
77%
*107
-
77%
*105
*76
1091%
108
1 OR Vo
*108
10
preferred
6%
Nat Distillers
2,100
11%
10
preferred
Aviation Corp
5
•National Biscuit Co—
10
7% preferred
—-—100
Nat Bond & Share Corp
No par<
National Can Corp
►—
10
Nat Cash Register—
a—No par'
National Container
1
National Cylinder. G is Co
.1
Nat Dairy Products
;
No par
National Dept Stores—
—No par
National
V.
12%
-17%
304%
171/4
*17
10%
99%
•
•
'
10%
99%
•
24%
161
160
10'%
99'/a
25'A
190 % 19014
10
99%
-
17'/4
34'%
29%
5,300
•10,600
41 %
34'%
29%
15%
32%
43
35
29%
151,8
32'/«
17
27%
28%
151/4
43
102%
103
'
32%
„
40%
•
34%
*34%
600
22 '/4
15
35%
31%
*42
2,300
12,600
14%
15
*11%
121/4
43
*22
22%
16%
25%
190 *
34
32%
26
25%
*186
2;400
15%
14%
15
24%
102%
188
22%
22'%
16%
16%
25%
25%
16%
32%
42%
~
13%
15
32%
421/4
*42
13%
16%
32%
*11%
13%
15
J'
26
a
7,800
16%
-.
151/4
15
9,800
12%
*186
188
*22
15'%
151/4
.16%
23%
12%
*16%
25%
25%
*186
22%
21%
15
35%
22%
13%
16%
16'%
22%
12% .13 "a
-
21%
35%
'
Corp
8
Chatt & St. Louis—..100
Co
.
1
National Airlines <
1
Nat Automotive Fibres Inc.—1
1
Nash-Kelvlnator
4%%
106
300
78%
108
108%
•
120
conv
Inc
1
serial preferred—.100
(J J)
No par
preferred series A
100
Jersey Pr & Lt Co 4% pfd.100
Newberry Co
5%
New
;
No pa)
No pat
25"
16% Mar 27
7
41%
Dec
Jan
20%
Dec
18
May 18
17% July
Jan
13%
5
Apr
28
Mar 15
26% May
Dec
19%
Dec
9
% Mar 26
13% May 15
Jan
13% July
11% Mar 21
141% May 15
10 Va
Nov
13% Jan 24
17% May 18
9%
Jan
13% July
15% Dec
9
26
23V4 Mar 26
182
Jan
192
5
20% Jan
23
May
Apr
20% May
9
24%
Dec
24
165
Mar
181
Dec
18
Feb
21
Deo
13% Jan
2
23% May
2
16% Mar 13
31% Apr
6
38% May 21
26
Apr
34
Dec
12% Mar
9
xlO
Sep
23%
Aug
13
Jan
4
16% May 18
15% Apr 24
xl 1%
Feb
14%
Dec
24% Jan
2
x32% May 18
26% Feb 28
19'%
Jan
25%
13%
Jan
24%
12% Mar 14
11%
Jan
12
43% May
4
43% May 25
30%
Feb
37% May
26
Jan
9
Feb
21% Jan 22
11% May
■35% Jan
5
22
37
Jan
2
13-
Jan
4
Jan
5
102
24
Jan
t
19% May
106'A May
7
29% May
4
8% Jan
.
87%
Jan
17 %
37
Apr
Dec
Dec
Mar
Dec
14% July
Dec
104%
7
19
Jan
177% Jan
5
192
May
5
164
Feb
181
Feb
28
163
May
7
141
Jan
159
16% Jan
4
18
Feb
5
16
Dec
22% July
21
Jan
2
27% Feb 20
17%
Apr
23
Jan
4
15
28V2
Apr
34
7% Jan
155
33
<
2
37
Feb
Dec
Jun
Jun
5%
Feb
Feb
70
28
11%
Feb
17% July
6
75
15
Jan
6
18% Feb
2
Dec
57%
11% May 22
Apr
27% Jan
JUn
4
2
65
May
25 Va
33% Mar 16
24% Nov
7%
Dec
July
30% Mar
79%
Feb
95
Dec
Mar
16
83V2
Jan
98%
Dec
3
22% Mar
6
5'%
Jan
11% Nov
3
12'% Feb
24
Mar
18'% Apr
18
11% July
18% Julv
92% Jan
15
97% Jan
17
10% Jan
10% Jan
15% Mar 26
99% May 14
104
40
May 17
30
Jan
22
103
Feb
6
'66
Jan
4
78
Apr
23
107
Apr
3
110
Jan
26
105V2 Jan
4
108% Apr
28
108% Mar 12
9
13%
Jan
22
Jan
32 %
Jan
105 Va
Dec
96V2
56
Jan
68
Nov
106%
Dec
110
Jan
104
Dec
106
Dec
Olt
'
1
Monday, May 28, 1945
THE COMMERCIAL & FINANCIAL CHRONICLE
2348
Range for Previous
STOCKS
Saturday
Monday
May 19
May 21
f
S
per share
37
T-esday
snare
var
Wednesday
May 22
May 23
r
per snare
*
per
Sales
May 25
the Week
May 24
X per snare
snare
f
per
Range Since January 1
STOCK
YORK
NEW
for
Friday
Thursday
37%
36%
36%
37'A
37'A
37%
37'A
X36%
36%
36%
36%
1,400
Newmont Mining Corp
24
23%
23%
23%
23%
22%
23%
*22%
23
23%
23'A
2,100
Newport Industries
17
*23%
16%
17
16%
17%
16%
17
16%
16%
16%
2,300
Newport News Ship & Dry
17
*109
110%
109'/2
16%
109%
*109
112
48
48
*47
48%
*47
48
46%
46%
25%
26
26
26%
27
26%
27
26%
59
59%
59'A
58
129
127%
129%
128
34%
34%
34%
*21 %
22%
*46
50
58%
128
*34%
34%
*21'A
23
*46
50
*109
111
57
59%
129
*109
48
*47
47%
26%
x25%
60
60
128%
111
*109
110
*34%
23
*21%
23
*46
50
*46
50
700
26%
61
64
7,200
134
133%
34%
6,000
34%
*21 %
23
*21%
22
*46
50
*46
48%
183
185
*180
'
*179
185
*179
185
19%
19%
19%
*43%
43%
*42%
185
19%
43%
185
19
236%
236
236
122
*121
122
*121
24
24
24%
23%
*56%
56%
*55%
56
10%
18%
18%
18"%
3,900
43
43
*42%
43%
*42%
43%
200
233
235
233
235
236
237
*121
122
*121
122
*121
123
236%
122
24
24%
23%
N
Norfolk
20,700
55%
55'A
55'A
55%
55'A
55%
55%
*55%
55%
*56%
56%
56%
56%
*56%
56%
*56%
56%
100
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10,500
30%
31%
83,300
112%
112%
20
5,600
*109%
28%
109%
'
.
109 %
110
*109%
*110
110
17
Jan-
2
41
Mar
—80
162
Co
Corp part stk
.^:9:
Western
&
6%
North American
Northern Central Ry
50
28%
27%
113
112%
112%
*112%
34%
35
34%
35
34
34'A
33%
34%
33%
34%
34%
343A
*48'/a
49%
48%
48%
48%
48%
48%
49%
48%
49%
48%
493A
440
8%
8%
9%
9%
9%
9%
9%
93/a
6,300
52%
*52 y4
52%
*52%
52%
*52%
52%
*52%
52%
13%
13%
13%
13%
13%
13%
13%
13%
13%
1,700
52%
*13%
14
X13%
9
9%
Northern Pacific
Northern
Northwest
May 25
35%
Dec
No
Jan
18 %
July
30%
Jan
44%
Dec
Dec
21
33%
Jan
47%
240
193%
Jan
218
Dec
2
116%
Jun
122%
Dec
17
15%
Jan
58% Feb
23
52
Jan
56
Oct
Mar
6
51%
Jun
54%
Dec
11% Mar
1
7%
Jun
11%
Oct
May 12
31% May 25
xl3'A
Jan
22%
Dec
112
Jan
115%
Apr
31
110
116% Mar
2
Mar
17
54
19%
Jan
106
Dec
Dec
1
17%
Jan
31%
11
37'A
Feb
50 %
Ma£ 23
4'A
Jan
Jan
9%
100
3
35% Mar
52
11
Apr
6 % JanJ
Sep
May 14
Mar
.'24% Apr
9
17% Jan
129
Dec
124
2
112% May 4
26% Mar 27
50
11%
26
44% Feb
20
2.50
Dec
7
'Apr
56
50
Preferred
29%
118
Jun
6
46
Jan
23%
16
50
Jan
198%
53% Jan
No par
Jan
Jan
53% Jan
par
Telegraph
19%
62
Jan
8
105% Jan
Dec
14'A
2
100
109
24 Ve
May 7
24% Mar 14
Jan
111—50
Jan
1 8
28
23% May
19% Jan
$5 pfd. No par
Airlines
Northwestern
Dec
9% Jan
Ry
Pow
States
Aug
50
Norwich Pharmacal Co.
*52%
113
*112%
113
9
30%
28%
29%
27%
*112%
50 %
23%
50
Norwalk Tire & Rubber
8%
*51%
28%
113
Apr
135% Apr
39% Jan
20
Jan
121
Dec
Jan
185
219
Co
27%
*112%
July
18%
15%
Mar 26
37% Jan
Aviation—
Dec
22
Jan
97
10
preferred series
preferred series
35
Apr
13
35%
50
100
5%%
Apr
16'A
12
26
pfd— ..—100
Ry
non-cum
27%
9
11
15
18% May 24
1
Nortn American Co
1,000
56%
par
28
May
64
2
32
Highest
t per share
May 25
22
23
No par
preferred
Y Shipbidg
Adjust 4%
24%
Jan
Noblitt-Sparks Industries-
640
23%
24
23%
24%
55%
—
28%
18%
51% Feb
22
28% Jan
1944
8 per share
28
Mar 22
103% Jan
No
Dock
N Y & Harlem RR
60
19
*56%
10%
*109'A
185
18%
43%
235
*121
192
York
$5 non-cum
li0% Apr
Jan
21% Jan
100
City Omnibus Corp
...
9
109
100
No par
preferred series A
N Y
'
19%
*42%
*236
*185
6%
18% Jan
45
N Y Chic & St. Louis Co
1,500
39% Feb
25
22
Jan
No par
New
34%
22
25
16% Jan
No par
Brake
Central
York
New
Year
Lowest
$ per share
share
18% Jan
33
10
1
Dock—1
No par
eferred
$5 conv pi
New York Air
153,000
61
133%
34%
34%
*21'/a
100
48
28
130%
130
34%
>
I per
Par
Shares
share
Highest
Lowest
EXCHANGE
7
Dec
Dec
July
Jan
10
40'A
Jan
53
Oct
3
14% Feb
19
12 'A
May
16
Jan
12
1113/4 Mar
7
104%
Nov
109
Dec
20% Feb
28
15%
Sep-
20% Mar
8
23%
Nov
28%
Oct
108%
Oct
12% Jan
O
*108
*
109
*-4 0 OO
*108
109
109
109
109
*108
109
*108
109
100
Ohio
Edison
Ohio
Oil
18%
18%
18%
18%
18
18%
18
18%
18
18%
18%
18%
11,100
29'/a
30
29%
29%
28%
29
28%
28%
273/4
28 3/8
28%
28%
7,700
112
112%
112%
112%
14%
14%
143/4
143/a
1143/4
*113%
,
14
114%
114%
17
17%
17
28'/a
273/4
28
*161%
163
*23
163
163
24%
*23
78
*75
15%
15%
13%
54
28
38%
38%
16%
17
1,600
Oppenheim
26%
27%
3,300
Otis
*160
15%
*23
*74%
66
15%
133/4
*13%
553/4
55%
28%
38%
38-%
513/4
51%
48
130
*129%
130%
*129%
130%
♦169% 170
7 ■">
7%
*1693/4
170
7%
7%
7%
19%
19%
19%
6%
6%
6%
6%
6%
21%
21
21%
15
21%
20%
15
31
303/4
r no%
5%
5%
*63
110%
*109
63
*109
31%
32
•
32
32%
313/4
41%
403%
41 %
40%
2%
2%
2%
32%
2%
33
33
24%
8%
8%
20%
32%
25%
243/4
-24%
8%
83/4
8%
83/4
21%
20%
20%
*70
120%
33
32%
,120%
29%
120% Y
28%
29%
14
203/4
*70
14
20%
71%
119
119
118%
14
6
6
6%
*72
*23
,
28%
29%
*13%
13%
28'/a
:
74
,
6%
*71%
25
23%
*112
21
213/g
26,400
14%
14%
100
31%
31%
31%
*65
36%
843/4
,
6
6
6
28
*112
38%
39
38%
36
38%
38%
39
17
16'/a
16%
22%
22'A
22%
34%
33%
34
113%
113%
112
92
*107%
92%
29
108
9%
9
*1073/8
11
11
23%
23%
28 %
63%
25%
27%
119 %
37%
110%
*110
*16%
*113
28%
28%
111
253/4
26
27%
27%
27%
!
110%
*110
110%
*16%
17
*113
17
115
9
108
9
10%
11
23 Ve
23%
27%
28%
28%
4,600
13%
133/8
400
5%
27%
*112
39%
113
273/4
*28
*107%
9
*10%
23
27%
25%
25%
63%
27%
122
63
27%
*120
36%
35%
3 6'A
35%
109%
*109
109%
109%
109%
111%
111%
111%
16%
16%
*16%
♦113
115
*113
r>
39%
39%
39
-
39
39
*35%
84
111%
17
115
111%
*16%
*113
51
51%
51
51%
50%
51
50%
51
50%
16%
17%
17%
18
17%
18%
18%
20
19
115
•
*113
953/4
95%
29
*28
108
♦1073%
9
29%-
29
29%
29%
29%
*29
29%
*106%
107%
♦106%
107%
*106%
107%
*106%
107%
*117
135
*117
135
♦117
135
*117
135
91
*91
18%
92
92
92
19
19 '/a
19%
*185
*185
*200
9
205
*200
205
7%
7%
7%
9%
9%
9%
9%
104
*101
104
54
54
54%
55
79%
80
81
81
*30
16%
29
30%
*186
*186
16%
16%
*93
96
*23%
*92
23%
*26
*15%
19%
27%
23%
*26
200
84
400
17
114%
29
19
I"
*200
7%
10
*101
54%
80%
*29'A
W<*
*92
*18%
'
205
16%
22%
*26
19
*185
•202
205
7%
7%
7%
9%
10 %
104
55%
82
30
102
53%
82
29
102
54%
82
29%
*186
17%
94
23
27%
16
*91
22%
26%
108
9
9
1,800
27 %
623/4
111
25%
25%
27%
27%
122
35%
120
35%
•-
110
109
111%
110%
17
*16%
115
♦113
50%
503/8
19%
183/4
28
29%
•
29%
10,200
63%
840
111%
340
26
■.?
28
9,800
2,400
120
10
36%
13,000
109 %
1,400
1103/8
600
17
100
19
6 3/8
85%
9
9
*92
93
18%
1%
9%
*101
53%
82
30
15%
6%
84%
8%
93
*18%
7%
9%
103
54%
82
30%
*200
7%
*9%
103
29%
600
6%
85
9%
93
19
205
734
9%
103
5,500
5,600
1,900
50
800
"lO
12.200
3,300
83
600
30%
32
4,800
16%
16%
91
91
91
23
23
27%
6,100
50
2,400
200
163;,
15 %
16
15%
15%
18%
15%
15%
19%
18%
3,900
18%
18%
19
19%
*18%
19%
19%
*18%
19
9,000
*18%
19'%
*19
I934
*55%
57
*56
58%
*57
58%
200
60%
2,000
>56%
60
*11012
58
56%
57
60 3 8
60
60%
112
110%
11013
60
*11012
60%
112
60%
'I1013
60 %
112
6%
Pitts
&
*11013
n2
20
•
Apr
106% Jan
8
9% Jan
2
2
22% May 25
113
8% July
93% Feb
13%
Jan
8
9%
Jan
: 17% July
May
May
9
2'A
Jan
9
37%
Feb
5
Aug
X70% Nov
Apr
16
Mar
18%
18
110'A Mar
25% Mar
33%
40
Jan
39% Apr
21%
Jan
32
55
Jan
85
112
19
May 15
70%
Dec
13
5y4
Jan
17%
Dec
Jan
2
22%
Dec
26 %
Dec
38% Apr
24
19% Feb
26
:
116
Apr 20
100% Apr 23
29% Mar 17
108
C
Mar 22
9% Feb
1
28
11% Mar
10% Jan
19%
Dec
54%
Jan
96
Dec
33%
Jan
65%
Dec
-23% Mar
105%
28 % July
107% Nov
Oct
7
Sep
9%
40%
Apr
1
20%
Feb
26%
106% Jan
49%
Jun
2
Dec
112
59%
88%
Jan
108%
Dec
21%
Jan
par
3
par
21% Jan
2
25
2
Jan
X119% Apr
9
31% Mar 27
26
28% Apr
122
38
Apr
16
19
Jan
4
112
107% Feb
May
May
6
113
Apr
20
17% Jan
30
May
Apr
1
71
26%
119%
90
111
v
Mar 29
44% Jan
11
Jan
120
Mar
37
July
8
82
Feb
96
Oct
11%
Feb
8
2
55
Mar
23
20
May 23
30
May 11
6
x98
42%
Jan
16%
117
9
Apr
14'A July
23%
Feb
2S
July
105% Nov
108
Dec
28
8% Jan
2
5
Jan
8%
1
61
2
1
82
Feb
26
94
8% Mar
22
10 % Feb
85 % Jan
15
15% Jan
31
20
2
205
.No par
.No par
190
Jan
6ya Jan
8% Jan
4
2
pfd —.100
68
Feb
20
100
21
Jan
2
19
100
'
Mar
10
49% Mar 27
100
(The)
Pocahontas
Dec
Apr
10%
Nov
7
68%
Feb
90
Nov
5
9
Apr
27
11% Jan
Feb
19
10% Mar
103
1
Jan
11
58% Jan
3
83
May 25
32 % Apr
23
17
Dec
Jan
171
Mar
183
Apr
190
Aug
6
July
4%
6%
82
45
12'% Jan
74% Jan
27
5
17% Jan
2
17% May 22
95
May 18
25% Apr
30
Jan
Apr
Sep
Sep
57% May
11% Jan
8%
69
Nov
9% July
100%
Dec
61%
Jan
73
Dec
22%
Aug
175
Nov
Jan
14%
Oct
May
83%
Nov
16%
Sep
19% July
Jan
25
..No
par
3
jfQ
28
par
27
12% Jan
8
19 %
1
16% Jan
22
Api
13%
17% Jan
30
16% Apr 24
21% Apr 27
20% Apr 27
8%
5
11 %
Apr
18%
Dec
50
Poor & Co class B
Pressed Steel Car Co
Inc
5% conv 1st preferred
50% Jan
22
11% May
35% May
18%
Dec
_
conv
2d preferred
Gamble.
1
May
92%
7%
175
.1
100
—IIIIIIZ
Co
IIIIIII
of Feb
99
Mar
Dec
Jan
19
3 64%
100
100
Young & Ash pfd
96
Mar
Nov
48% July
% May 22
Jan
July
Sep
6
-No par
Oct
Jan
108 % Feb
par
Oct
24%
May 24
Co. -No
Dec
4
25
.—100
Dec
6
14% Jan
19
233/4 May
117
•'
107
100
conv
Jan
3
25
Z
Z~
Dec
/Dec
5
100
Co
Dec
Jan
29
.No par
Louis RR
*
Dec
May 22
May 9
May 9
5
Pa
Nov
24%
39% May 25
>-
Dec
113
Apr
Dec
64
pr
(ser
59%
Jan
24% May
Pittsburgh <fe West Va__
pfd
Apr-.
4%
Dec
29% Mar
100
5%
Jun
2%
23
B
&
Aug
23%
25
A
5%
31%
Feb
Jan
class
Procter
Apr
Jan
class
Creek
Apr
18'A
6 %
5
Jan
preferred
5% % 1st ser
Pond
1%
26%
37% July
51%
6
preferred
Plymouth Oil
Dec
Y
57
100
preferred..
Co.
Dec
30
July
25
No par
No
Pitts Screw & Bolt
Preferred
109
3
16
6
par
—*
Pittsburgh Forgings Co
"
Pitts Ft Wayne & Chic
Ry__
Pittston
Jan
20%
23
26
100
,
60%
Jan
Dec
61
103
Apr
2
I—110
Chemical
Pittsburgh Steel
69
21% Mar 27
5%
Jan
% May 25
123
May 17
29% May 19
2
100
$5 conv preferred
7%
-a 14% July
Jan
Sep
71
19
No par
preferred.
Coke
Jan
2%
45
25
....
of
109'A
15%
18
19% Jan
L..1
No
...
St
/; 19% July
50
Hosiery
C &
6'/a Aug
Feb
12
2
63 ; r: Jan
_1
com.
Jan
Jan
5
14% Jan
.
5
com
3%
27
May
92% Jan
100
new.:
6
26% Mar 19
30% Jan
Dec
15%
16
3
100
Inc
6
74
37% Mar 28
17%
a
23%
2
100
preferred
Pittsburgh Coal
Pitts
16%
91
22%
_5
Sep
7% July
8
Mar 26
33% Jan
<
Dec
163
Feb
Jan
19
112
100
.
preferred
Jan
Dec
123%
15
13
!
■
42%
Apr
149
9% Feb
9
12% Apr
4
33%c
Corp
C
Mar
Jan
Jan
25 %
117%
24Mar
10
62
100
Pillsbury Mills Inc
$4
-
Dec
Dec
Dec
5
•
5
21% Jan
r
10
No
preferred
5%
16%
60
Co
&
preference
4%
106
V
50
Co
Philip Morris Si Co Ltd
7%
1934
16
$1
*
Jan
25%
35%
48
r
2% Jan
22
100
Electric Co.
4.4%
59
100
Brewing Co
Philco
8
Jan
33% May 17
27% Feb 28
1
6% Mar
Sep
Apr
32% May 21
5
18% Jan
Jan
12%
Mar 12
"
No par i
preferred.
PhSa
30
83
*26
$6
29% Feb
14%
13
45% Mar
•
Phelps-Dodge Corp...
Philadelphia Co 6% preferred
1,600
*186
27%
Sep
48%
v
•
Jan
7
109Apr
24
21% Jan
.
par;
4%% 2nd preferred
Petroleum Corp of America
Pitts
54%
95
*26
100
53%
22%
Ry
Phoenix
*185
203
157
Jan
•
No
Phillips Jones Corp
7% preferred..*.,
Phillips Petroleum
135
1
No par
(Chas)
2% Jan
par
A
Milk Co
.*
108
*117
Dec
24'/a Aug
Jan
% May 11
67% Mar 19
17
v
17'A
39%
6
27% Mar 26
32% Jan 22
10
No
Cement
2,900
51%
*107
Corp....
Corp
Eastern
108% Jan
par
Airlines
4,900
115
135
203
Pet
Pfizer
•;
Dec
14%
Jan
30
6
31% Apr
113
16
1
No par
preferred
Pieiffer
107
*18%
5%
1.200
27%
Co
Pepsi-Cola Co
Pere Marquette Ry Co
5% prior preferred
3.800
107
85
&
Jan
par
Pennsylvania RR
Pennsylvania Salt Mfg Co.^
Peoples Drug Stores Inc
Peoples G L & Coke (Chic)
Peoria
56
10
Glass Sand Corp
preferred
11
633/4
108 i t
Sep
4%
7% Feb
26
8%
39
17
21% May
;;17% Mar
May 23
4% Mar 20
No par
Enterprises
ser
31
108
2.50
No
pref
conv
23%
*117
6%
$7
Penn
10%
111%
No
& Coke
Penn-Dixie
22%
23
26%
200
C)
Coal
11
*186
16%
V
(J
13% Jan
Mines...1
Ford
Penn-Central
Penn
23%
*185
10 %
*186
*91
-
9%
93
3,200
>
19%
*57
112
93
19
9
87
900
963/4
19
*
*1101?
27%
9%
6%
*29
900
18%
19%
60%
17
95
23'A
.
84%
800
16
16
19 %
*19
60%
30'A
•».«
6%
91%
*91
*185
7%
*101
6%
87
9%
9'A
9 %
6%
92 %
91
92%
9%
7%
7%
7%
7%
22,500
36
•
29%
Penney
5%
6,000
25%
*27%
100
38,100
26
*120
V
500
22%
25%
27%
3,100
37%
110%
121
;
23%
16%
111%
63
5%
71
70%
*23
36%
110%
27%
5%
71%
23%
22%
64
36'/a
110
28%
14
16%
111
*118%
1.000
22%
62%
37
r
36%
110%
121
110
*107%
11
x27%
118%
16% Mar 26
.1
Transportation^
&
22% Mar
3
2
29% Apr
Davis & Co
13,500
7% Jan
5% Jan
par
May 16
8
16% Jan
ex-privilege
20%
Mar
par
100
Parker Rust Proof Co
22%
93%
/
23%
23%
36 '/a
110%
29
9
*119%
38%
115
63%
1103/tt
25%
121
283/g
63
63%
111%
11
1
94
29
108
9
11
23%
94
29
16%
Inc
6
100
Parmelee
Penick
170
S
Inc
2,400
200
3
2%
No
9,000
71%
3
38% Mar 27
1
Consolidated
Patino Mines St
3
39 >/8
160% Jan
Ref
9%
34%
113%
94%
*28
9
10%
*111
*
113
92%
*28'A
23%
i
17
Parke
&
Pictures
Utah
3
,
121% Jan
Transp
243/,
118%
84%
34%
112
118%
36
&
Inc
& Tilford
2
17
"
17
Mar
32% Apr
24
Jan
10
preferred
Paramount
Jan
48
1
No
8%
83/4
*83%
22%
*9
*
Park
6,400
Cos
15% May 21
15% Mar
60
9
34% Jan
3
May 25
52% Apr 24
48% May 17
130% May
9
.
Airways Corp.
Prod.
conv
Park
2,600
*35%
17
*107%
3,600
2%
84%
35 »A
108
42%
2%
36%
23
29
4%
41%
*83%
34%
Parafflne
40%
*35%
22%
par
24
5
100
Panhandle East Pipe Line—
5.60% preferred
2%
,
843/4
*16%
Jan
2
20
45% Mar
Mar
100
Petrol
Panhandle
25.500
36
*83%
23
92%
38%
*38%
American
31%
*112
'
38%
38%
353/4
84%
V
;
71%
*23
10%
13% Jan
11% Jan
par
par
Telep & Teleg
Pan-Amer
31%
8%
*13%
Jun
25
Pacific Tin Consol'd Corp
Pacific Western Oil Corp
31%
*2%
5%
23%
35%
113%
65
*109
19%
35%
28 %
65
4,300
■-J. 200
■■
♦112
*35%
84%
92%
^
950
5%
71%
22%
*
65
15,500
109
5%
•;
20%
72
39%
♦110
•.
71%
*23
38%
16%
*108 %
5%
20
*71%
38'/a
16%
109
*70
■
64
9
preferred
Pan
20%
143/4
31
203/4
23%,:
38%
84%
9,300
32%
73
39
6%
20%
32%
14
Feb
69 3/4 Apr
No
Packard Motor Car
243/4'
283A
55'A
79
2
Electric
&
1,600
32%
*23
39
*35
7%
25
*71%
39
i
Pacific
20
,
32%
73
*112
Pacific
50
170
7
-
1.300
130
25
23%
' 38%
.
6
*13%
Dec
7
non-cum—No
36,300
"
*13%
75%
Feb
Jan
No
47%
%
preferred
63/4
118%
Jan
30
163
74
Mills
47%
323/4
119
64
22% Jan
No par
71%
*70
25
26
58
Gas
2nd
203/a
8%
24% Apr
Jan
par
Lighting Corp
25
8%
May
Pacific
'
20%
71
*243/4
147
Pacific
■
71
29%
33
24%
26
155
10
6%
40%
2%
Apr
1,200
7%
31
2%
Apr
12.50
Co
non-cum
6%
41
40
2%
32%
71
120%
41
'
18
Co
6%
313/4
99% Aug
8% Jan
16
21,300
♦109
31
28
51%
5%
64%
28
39%
129
11% July
v
28% Feb
51%
170
Apr
17% Apr
39
*
Dec
8%
1153/a Feb
580
130
105
2
283/4
170
108%
*109
2%
24%
*63
*109
Coast
preferred
*193/4
53/4
107
2.50
No
19%
108 %
5%
15%
*14%
15
31%
108
64
40%
r
30%
Mfg
Glass
19%
20%
*143/8
5
4
28
7
V
6%
53/4
•
20
20%
15
*63
7%
163/4 Mar
22
51
130
2
Jan
39
*169%
6%
110
53/4
63
170
14
13% Jan
28%
38 3/8
129 %
20
31%
109
5%
5%
V
65
1st
7
21%
*14%
30%
110%
*110
*14%
31%
30%
Pacific
47%
6%
*14%
690
690
51
113% Mar
23% Jan
Pacific Amer Fisheries Inc
13%
55%
47%
&
1,400
*13%
*55
*28
3
11% Jan
100
Co
13%
".14%
30% May
10
No
Owens-Illinois
553/4
473/4
129 %
20%
Outlet
♦143/4
15%
24 -
par
Collins
Marine
Mar 27
106% Jan
6
100
2,400
*54%
51%
*1693/4
19%
Outboard
17
24% Jan
1
'
66
*13%
38%
7%
24%
79
65%
107% Jan
par
preferred—100
preferred
56
283/4
*47
19%
*23
6%
13%
50 3/4
48
20
'75
;
38 %
513/4
47%
66
28%
38 %
51%
47%
24%
77
65%
.
163
100
No
No par
Elevator
15
15
13%
28
*161
*23
24%
54
28%
162
*74 Ve
76
65%
170
130
*161
163
77
51%
*169%
460
16%
26%
13%
38%
114%
163/4
48
48
114%
pfd
—
Omnibus Corp (The)
8% conv preferred A
263/4
65%
"
*51 %
114%
5,000
4.40%
convertible
17%
54%
28%
14%
143/4
4% %
26%
13%
28
114%
115
250
163A
54
*
15
112
110%
26%
24%
65%
15%
15%
13%
54
14%
14 3/4
V
17
164
*23
67
114%
112
Co
Co
Corp.
273A
*161
*75
66%
14%
115
*111%
112
112
143A
17
24%
66%
66%
3A
x27 %
78
*75
112
114%
17
28
112
Oliver
_Z"
~No'par
'29*
inn
24% Jan
55
Mar 27
63
Apr
Apr
27
60% Feb
20
52% May
116
Mar
55%
Mav
Dec
Dec
59
July
121
July
Volume 161
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4389
NEW YORK STOCK
LOW
per,
SALE
Tuesday
May 23
f
share
per
t
per share
Thursday
share
per
Sales
Friday
May 24
6 per share
for
NEW
the Week
! May 25
21 >8
20%
20%
21
20%
21%
21%
21%
106%
106 Va
106%
106 %
107
107
107
107%
108 %
107%
108%
1,000
1147/8
1147e
114 Va
114%
114%
114 %
114%
114%
114%
114%
114%
114%
120
120%
120%
121'A
120%
121%
121
121
120%
120%
120%
120 %
128 %
130 Va
130%
131%
130%
131'/a
130%
131Va
130%
131%
130%
131
116 Mi
116 Va
*116%
116%
*116% 116%
116%
*116%
117
Par
750
21
53%
H
19
53
19
21 Va
191/4
116%
*116%
116%
53%
52
53%
X51%
52%
52
18%
19%
18%
19
19
19%'
114
*112
113
*112
114
*112
113
*106 %
10 8 V2
*107%
108%
*107
108%
♦107
108%
26%
265b
26%
26%
26%
16%
16%
*16%
16%
*16%
12%
12%
12%
12%
12
;
*112
114
107
preferred
preferred
preierrea
Pullman Ine
Pure
no
112
112
8%
100
'
108%
26
26 Va
2,100
*16%
17
16%
16%
300
11%
12
11%
12
86
86
85%
86%
1,800
8%
8%
12,700
26 Va
17
16%
16%
(The)
4
3
share
/13%
Jan
18%
Dec
87 Va
Jan
18%
Dec
96
Jan
109%
Oct
3
104%
Jan
113%
Nov
113%
Jan
122'/®
Dec
113% Nov
119%
Feb
Jan
20
54% Apr
30
37%
Jan
52 V® July
7
9
.7 14%
Sep
18
109%
108% Jan
6
103
118
47% Jan 22
100
No
Corp
f per
3
123
May
138% May
21
Mar
115% Apr
103
conv
Purity Bakeries
Jan
1644
Highest
I per share
I per share
,17
Jan 24
111% Mar 26
106
par
preferred
preferred
5*
200
*107
26%
Oil
4
115% Apr 26
No par
13,600
26%
26%
no
No par
10,400
'
Jan
121% Jan
100 7
Pub Ser El & Gas pfd $5
■
110
,
Lowest
21% Apr 17
114% May 11
123% May 9
2
Jan
106% Jan 30
—100
7%
20
17
100
8%
107 V8
26 Va
No par
;
■
I per share
•
No par
560
52%
19%
*111%
.
J
85 preferred
1,000
19
1
Pub Serv Corp of N
13,900
•
53
53%
19%
53
20%
Year
Range Since January 1
Highest
Lowest
'
105%
21
Range for Previsns
STOCK
EXCHANGE
Shares
I per share
YORK
\
*''
STOCKS
Wednesday
May 22
$
share
RECORD
PBICES
May 21
May 1!)
S
HIGH
Monday
Saturday
,
AND
2349
Mar
Jan
115%
Nov
Jan
108%
Dec
2
27
Feb
8
19%
Jan
24%
Oct
15% Jan 22
18
Feb
16
12%
Jan
16% Aug
10% Jan
2
78% Jan 1ST
7% Mar 26
12% Feb
5
8%
Apr
12
87% Apr
17
69 Va
Jan
80%
9% Feb
6
7%
Apr
10% July
Feb
20
85 V®
Jan
7
28 V®
May
4
23% Jan
par
Q
v
■Quaker State Oil Ref Corp
II
•
R
12%
11%
12%
86
86
Radio
46,800
Corp of Amer
No par
'
86%
86%
86%
86%
86%
86%
8'/2
8%
8%
8%
8%
8%
95%
95%
95%
39 %
*37%
95%
*95%
38%
38%
18%
35%
*35 Va
95%
95%
95%
95%
95%
95%
38%
37%
37%
37%
37%
X37%
37%
17%
18
17%
18%
18
18%
7,000
35%
36
35%
35%
*35%
35%
35%
35%
800
25%
25 Va
25 Va
24%
48%
48%
48%
48%
48%
44%
44%
44%
44
44
16 Ve
24%
74
23
27%
27%
27%
9ft
28%
*101%
103Va
r-
25%
v
22%
*110%
110
*108%
16
16%
*104%
22%
105 y
22
19
104%
104%
*105
19%
19%
*19
19%
34%
34%
39%
*38 %
34%
39'/«
*38
19*
19
*18%
12%
12
12
24
24%
26
12
24%
8
26%
8%
22%
22%
*110%
110
*108%
110
Rels
300
Reliable
300
27%
11,400
Reo
6%
400
15%
15%
105%
105%
490
21%
21%
21%
10,300
*104%
34%
34%
34%
34%
*38%
39%
*38%
xl8%
18%
.12%
8,200
20
Reynolds
(R J)
26
18%
18
18%
3,200
12
12
12%
9,300
Richfield
3,400
Ritter
*25%
26%
26
26%
•
Tob class B
Oil Corp
Company
1,100
Roan
25
24%
24%
24%
24%
3,200
Royal
39
39
39
39
39
39
2,600
Ruberoid
20%
20%
20%
20%
20%
20%
20%
4,500
Rustless Iron & Steel Corp
X44V®
44%
43%
44%
4,000
St
22'/a
22 Va
22%
6.900
Safeway
39%
39%
39%
■i 20%
*7%
8
*7%
7%
7%
25
8
38%
39V4
*38%
21%
21%
20%
21
45%
45%
45
45%
45
45
44%
45
22%
22%
22 Va
22 Va
22%
22%
22'/®
22%
*110%
111%
111%
111%
*111%
111%
112%
*112%
113%
112%
112%
11%
11 Va
11
11%
11
11%
10%
10%
10%
10%
10%
11%
57
57%
57%
57%
56%
57
55
56%
55%
109
108
.
21%
Dec
Jan
42%
Deo
27 V®
Jan
36%
Dec
23
5%
Jan
13
Dec
May 21
2
90
Jan
155
50%
Jan
85 V®
Dec
24 Va May
133
Jan
Antelope
Copper
Feb
18
Nov
29% Apr
18
18
Feb
24
Dec
14% Apr
x83% Mar
28% May 18
102
Jan
30
8 V®
27% May
1
9% May 18
Co
8%
19 V®
104%
102 Va
11%
' 87%
15 V®
Apr
May 15
Jan 22
Jan
3
Jan
4
Jan 16
Jan
2
Jan
5
98
Jan
2
14 V® Jan
2
31% Jan
2
Apr
28
Jan
37 V® Mar 13
39% Jan
36
May
16% Mar 27
20 % Feb
13 :
10%
16%
6%
19%
33
18 V®
Jan
2
Jan
2
Jan 22
Apr 10
Mar 26
Jan 22
13% Feb
37
Jan 23
Mines
1
Typewriter
No par
(The)
Dec
11%
3
1
No par
No par
Co
Mfg
23%
8%
25
15%
32%
14
5
1
10
'
Common
Rheem
29 V® Mar 19
44% May
5
100
Spring
11%
12
25%
27
34%
39%
Reynolds
Dec
15
15'A Jan
"
100
No par
preferred
17%
18%
11%
19
2,200
34%
39%
18%
150
19%
*38%
34%
39%
105%
19%
105%
5%%
July
49 '/a May
3
22
No par
Reynolds Metals Co
5%% conv preferred
Dec
34%
23 % May
22 V® Jan
100
Revere Copper & Brass
11,500
15%
105%
prior pfd ser A
conv
18
Feb
2
99% Jan
No par
100
preferred
conv
Feb
28
10
Republic Steel Corp
6%
12 V®
24
9
Jan
22% Jan
1
Republic Aviation Corp.
33%
20
37 V® Apr
17
1
13,600
Jan
82% Jan
10
1
lac
Motors,
Dec
107%
19% Feb
25
:
Jan
July
70% Apr
100
Corp—,—_No par
22,000
15%
104%
Stores
9%
21%
105
1st pfd
& Co
(Robt)
22%
111
105%
104%
100
Mfg Co
Remington-Rand
2,600
25%
22
-
..
Preferred with warrants
106
16 Ve
Hosiery,
Reliance
110
110
19
25 Va
25
25%
24%
8%
100
22%
103
111%
22
19
8%
8%
8%
8%
25%
12
27%
*101
24%
Silk
Preferred
27%
♦27
27%
Real
77
*110%
15%
22%
Xl8%
19
2nd preferred
21%
V
106%
34%
19%
22
34%
1st preferred
non-cum
*105%
22%
39 Va
non-cum
4%
112
110
106
106
4%
700
75
27%
8%
22%
1,200
*22%
103
24%
9
8%
22%
•
27%
*101
25
*110%
16%
16%
16%
106
106
106
27%
27%
103
24%
110
16 l/a
21%
27%
112
*108%
27%
*27
*101
22%
23
112
110%
*105%
74
22%
9
9
9Va
22%
*110%
23%
110%
*72
*22%
25%
25%
112
22%
*110%
74
27%
103
4,700
750
39% May
34% Jan
2
19% Jan 30
43
Mar 5
36% Jan 31
11% Jan 22
116% Apr 17
preferred
Reading Company
33,700
2
Jan
__25
_50
50
50
6
$2
46 Va
132
91
99
34% Jan 15
16
Mar 26
25%
132
23
27%
27%
*101
26
9
9%
9%
*27
28 Va
Inc
44%
22%
19%
23%
131
23
74
23%
103
44%
22
131
'*72
*72%
*23
27%
27%
*101
26
25%
130
23%
*23
24%
131%
22%
22%
47
•
No par
1
Raybestos Manhattan
Rayonler
46%
25
47
*44
1,460
*44%
25
24%
48
44%
44%
73%
*72
24%
24%
X48
130
130
133
130
23
*721/2
19%
19
17%
17%
130
$3.50 conv 1st preferred—No par
Radlo-Kelth-Orp* mm
1
6% conv preferred
100
400
18%
25
441/2
8%
18
48%
129
8%
36
18%
35%
8%
18%
at
18
8%
1
23%
Dec
99% Nov
16
Aug
21%
July
16
Apr
110% May 14
99%
Jun
105
Dec
110'/® May 18
18
Apr 23
87
Jan
102 V®
Dec
106% May 14
22% May 21
63
Jan
10
Jan
106
85%
Apr
8%
Jan
24
Mar
Mar
6
6%
8
21% Mar
35
24
Jan
Dec
88
16 V®
100
Dec
Dec
15% July
35% July
39%
Nov
Jan
11% July
Jan
13
19 V®
Feb
8%
May
12 V® July
17%
Oct
Dec
5 V®
Apr
25% May 18
39 V® May 19
17%
Jan
24% July
25
Jan
34% July
21% May 18
14%
Jan
23
Feb
8% Mar
Jun
9
s
*107
47%
48%
481/4
*110
24
*7%
*7%
7 %
7%
7%
*7%
7%
112%
114%
111%
112%
22%
22%
22 Va
*109%
114
112
21%
>
22%
*109%
113
8%
8%
8%
21%
21%
*21%
21 Va
21%
8%
8%
21%
*74 %
75
*74%
75
13%
13%
13 Va
13 Va
93%
94%
94%
95
V;
13
*74%
16%
65
65 %
*63%
27%
27%
27%
16 %
16%
65
65
65%
27%
27%
16%
27%
13%
13%
75
21%
5%
22
170
;
22,300
17,100
58%
100
108
1,800
49
113
.
•
24
—
24
1.100
..
*7 Ve
7%
200
112%
115%
8,600
22
11,100
22
Sharon
21
*21%
21%
1,000
93%
*92
93%
130
13%
13%
75
75
16 %
16%
65
*63%
27%
27 Va
6
7 5%
16%
13%
13%
12,100
*7$%
75%
100
16%
17%
65
64%
27 Va
7,100
190
65
27%
27%
6
6
5,900
37%
37 V®
37%
35
35
34%
34%
34%
34%
16%
16 Va
16%
16
16%
16
16 Va
16
16%
49
48%
48%
48
48%
48
48%
48
48
2,000
17 %
17%
16%
17
17
17
17
800
16%
16%
49
49
17%
18
17%
23
*22%
16%
*22%
"
*22%
24
*22%
24
*16%
*22%
24
34%
34%
24
65%
65
66
*22%
400
Y
24,500
.
Smith
67%
32%
33%
31
31 %
31%
31%
31%
31%
2,600
16%
16%
16%
16
16%
16
16%
16 V®
16%
45,600
3,000
4%
4%
4%
4%
4%
4%
4%
4%
4%
4%
4%
4%
22%
22%
22%
22%
22%
22%
22%
22%
2,500
22%
22%
23%
22%
4474
45V4
45 %s
46%
10,900
45
45
■
165
165
165
30 Va
30%
30%
44%
45%
44%
165
*163
163
163
45%
45
44%
165
163%
30%
30
♦20
20%
20
20
7
Southern
44
43%
42%
44
75%
75%
84%
84%
*83%
84%
♦83%
84%
83%
84%
14%
14%
14%
14%
14%
3,500
7%
5.200
13%
400
14%
14%
*14%
14%
14%
7%
7%
7%
7%
7%
7%
13%
*84%*
;
38%
38
38
29
29V4
29%
70
70
54%
54%
86
86
38%
*37%
38%
38%
38%
29%
29%
28%
29
29
69
69
55
*54%
■'-■15 %
16%
16%
16%
16%
16%
16%
15%
16%
89%
89%
89
89%
89
89
88
89
*112 %
115
109
109
*110
111
113
*112
/310
54%
250
Conv
40%
41
41%
2,900
•111
112%
350
112%
112%
x67
67%
2,200
108
108%
70
110
110%
66%
108%
*110
*111%
111
111
36%
36%
'•?
*112 /
113
*110
110%
*108%
111
36%
113
109%
*108%
109%
V
7
35%
*112
6%
6%
6%
6%
6%
67
llOVa
66%
109%
36%
67
%
*110
67
66%
*108%
66
36%
35%
113
113
6%
6%
77
77
76
76
76
*75
89%
89%
89%
89%
88%
89%
*88
42%
76
36%
36
90
6,600
36%
*112%
6%
6%
6%
75%
*75%
76%
)'
113%
113
88%
88
42%
42%
7,200
300
•
1,300
88
41%
100
42%
10,200
42%
42%
42%
42%
42%
42%
42%
36%
36%
36%
36%
36%
10,900
37
36%
26%
37%
37 Va
36%
37
63%
62%
63 %
62%
62%
62%
63
11,300
63
22
21%
22%
21%
*124%
62%
63%
63
63%
135
21%
*122
*124%
135
:■>
21%
21%
135
*120
22%
21%
*125
128
38
37
37
700
73%
74
74
75
3,200
20%
20%
8,700
16
16%
9,800
19%
19%
2,800
12%
12%
13
4,500
26%
26%
27%
29,000\
62%
4,100
11%
11%
*37%
37%
>37%
37%
*37 Va
73%
73%
73%
73%
73%
20%
20%
20%
20%
20
20%
16
16 Va
15%
16
15%
16
19%
19%
19%
19%
19%
19%-
12%
25%
37
72%
72%
73
20%
20%
20%
20%
16 Va
16%
16
16 %
19%
y
38
19 %
19%
19%
131/4
13V4
13
13 %
13
13%
12%
13
27%
27%
27
27%
25%
26%
62%
*61%
62%
*61%
124%
124%
*124%
28%
62%
62%
*124%
125
6%
111%
For
13
footnotes
see
111%
page
6%
6%
6 Va
62%
125
6 Va
*61%
*124%
6%
20
125
7,500
6%
6%
6%
12%
12%
12%
12%
12%
12 Va
12%
24%
24
24%
23%
24%
24%
25
5,500
113
200
24%
25
24%
*111.
125
.
12%
6%
6%
*61%
♦124%
125
12%
25
24%
•111
*124%
6%
13
12%
62%
*61
100
11,200
11%
11%
11%
11%
37
10,600
22%
127
♦37%
11%
11%
11%
22
127
11%
11%
11%
27%
22%
135
2351.
*111%
114
..
112
112
*112
115
113
Tr
7,200
ctfs
Sons
100
1
No par
1
No par
No par a
1
luu
$4.50
Square D Co
-
-
series "A"
$2 preference
15,100
40%
tr
No par
No par
100
Sperry Corp (The)
16%
112%
stk
Spier Mfrr Co
89%
41%
Ohio
&
Spencer Kellogg &
16
112 %
preferred-,
Spalding (A G) & Bros Inc
sparks Withlngton
Spear & Co
$5.5 J preferred
89%
112%
108%
Mobile
16
y 40%
Gas Co—.,—7.50
Railway
non-cum
88%
41%
66%
5%
Spiegel
112%
90
,
800
71
*40%
77%
*89%
6,500
*110%
6%
6%
*77
54%
300
42%
36%
36%
*68
10
112%
65%
65
88%
69
54%
140
41Va
431/8
42%
V
86
*54%
55
54%
*12%
*84'%
69
70 Va
*68
68%
54%
*12%
13%
29
29%
67 Va
7 13%,
7%
*38
V
*38
*54%
7%
86
13%
86
29%
29%
7%
7%
♦84%
13%
13%
13%
88
38%
*38
3,100
76
85
14%
*84%
75%
75%
85
88
45%
76%
85
13%
75%
%
25
Edison
Southern Pacific Co
15,500
45%
42%
.14%
California
31,700
44%
44
7%
Southern Natural
44%
45%
43%
*86 %
Bouthern
46%
45
44%
*13%
2,900
X45'%
45%
44
*83%
1,300
7/44/V;.1
45%
75%
164%
2,700
20
75%;
164 %
20%
45
75%
No par
100
20
46
1
5
Lines
preferred
8%
20
20%
76%
Southeastern Greyhound
South Porto Rico Sugar
19%
44%
15
Socony Vacuum Oil Co Inc
South Am Gold & Platinum
30%
45%.
76%
Typewrlter.No par
Corona
&
20
Iron
Corp
(A O)
30'A
19%
> :
&
No par
10
30
20
,
Steel
preferred
30/
30%
30%
30%
163%
15
81oss-Sheffield
1,300
34
16%
No par
Corp
Skelly Oil Co
66%
67%
16%
Oil
Sinclair
*65%
66%
No par
No par
Smith
65%
5
Coalition Mines
Simonds 8aw & Steel
$1.20
24
66%
34
16 %
*
17%
35
34
68
68
*33%
-
*34%
15
Oil—
Simmons Co
37%
37%
No par
No par
Pen Co
(W A)
Union
Silver King
No vn*
No par
"
preferred
No
*
par
———.1
—
100
No par
$5 pref series A
No par
$4.25 preferred
No par
Standard Brands, Inc—.—No par
$4.50 preferred.No oar
Standard G & E Co $4 pref—No par
$6 prior preferred
No par
$7 prior preferred
No par
Standard Oil of Calif—No par
Standard Oil of Indiana.
—25
Standard Oil of New Jersey.,
—25
Standard" Oil of Ohio
—10
4% % preferred
——100
preferred
Squibb (E R) & Sons
5%
conv
1
Standard Steel Spring
Co
Starrett
(The)
No par
L S
10
Sterling Drug Inc
8tewart-Warner
Corp
.
Stokley-Van Camp Inc
5%
prior preferred.—
Stone & Webster
Studebaker Corp
Sun
(The)
Oil Co
Class
Sunray
A
pfd (4%%
Oil Corp
Mining
Sunshine
8'iperlor
cum)
Co
(The)
Oil of Calif—
Superheater Co
15
16% Jan 22
78
Jan
3
No par
No par
(Frank G)
Sheaffer
112 V® Feb
8 Va May 11
No par
prof ser A
conv
Shell
38 Va
37%
$3.50
17% Mar 26
No par
preferred
Sharpe & Dohme
Shattuck
21% Apr 13
111
May 14
8 Va Mar 27
38% Jan
2
106
Jan
4
x42 Va Feb 23
111% May 16
108 V® May 1
23 V® Jan
3
7
Mar 8
99% Mar 9
1
Gas
Steel Corp
conv
4,100
37%
37 V®
$5
6.000
6
5%
37
No par
$4.50 preferred
Shamrock Oil &
*92
No par
1
..
Inc
3,500
5%
*48%
Sears Roebuck & Co
Servel
8%
35
*34%
8
112%
14%
No par
Corp
8%
75
No par
No par
No par
Seaboard Oil Co of Del
Seagrave
-
3%
100
Corp
5 % %
*109%
39»/8
39
Distillers
preferred
Scott Paper Co
$4.50 preferred
$4 preferred
Schenley
8%
5%
6
preferred
112%
5%
5%
5%
Savage Arms Corp
8%
21
10
5
100
5
Stores
*110%
8%
93%
*82
93%
22%
113
21
21
16%
16%
27%
16%
*63%'
—
111%
8%
95
—
24
24
•
*110%
•
23%
8%
*74%
*110%
•
*23%
7%
*109%
114
±+
24%
111 Va
111
22%
22%
*109%
7
24%
*7%
7%
111
110%
*110%
*110%
48%
*110
113
*110
24%
24%
24%
*107
48%
48 V®
113
57%
56%
109
*107
48%
*110
113
*110
113
*110%
*110%
108
48
48%
*48
48%
*110
113
*107
109
*107
109
112
22
Joseph Lead
8
1
.20
No par
1
No par
100
1
10o
No par
—28
12 Va Mar
74
May
13 Va Jan
59% Apr
25% Mar
5% Mar
32% Jan
30% Feb
15
15% Jan
Jan
23% Apr
5
27 V® May
9
110%
Jan
111
49
Feb
Dec
Dec
Dec
7
Jan
9%
5
30
Sep
39%
23
105
Jan
109%
Dec
37 Va Mar
45 V®
Nov
>11% May 19
60 Va May
38 V®
115%
17
May 25
113% Jan
29
109
Feb
115
111
Jan
17
108
Jan
110
28
Feb
19
8% Jan
8
20Va "Sep
2% Jan
84
22% May
7
Feb
16%
115% May 25
Feb
Dec
Nov
Jan
25% May
V®
Dec
106%
Dec
8
24% July
113 Va Mar 17
10% Feb
23 Ve Mar
14
8
Dec
7
13
May
18% July
Jan
78% July
95
May 16
14% Jan
5
63%
78 % Mar 10
72
9
Dec
Sep
14% Mar
Jan
76 V®
17% May 25
67 Va Jan
3
9Va
Jan
15%
Oct
48 Va
Jan
61%
Dec
27
28% May
Sep
28 %
Apr
8% Jan
8
17
20%
21
2
2
May
7%
Dec
41% Apr
23
24%
Apr
35%
Sep
x35 V® May
18
23
Apr
31V®
Dec
17% Mar
7
10%
Feb
54% Mar
7
35
2
2
22% Mar 1
48% Jan 22
30
Jan
3
13 Va Jan
2
4%
21
40Va
155
26 Va
17
38 Va
46% May
115% Mar
23
26
27
15
Mar 26
41% Jan
<
3
Mar
Apr
Apr
Jan
Jan
Jan
32% Jan
64% Jan
26
80 % Jan
5
4
20
2
20
31
22
22
11%
3
16
Dec
Sep
42%
Jan
13%, Apr
18 V®
Jan
22
Jan
23%
Jun
29%
Feb
54%
Dec
23
Apr
31V®
Dec
12
Jan
14% July
3%
Jan
20 V®
Dec
5% July
21% Dec
28%
19 V®
23 %
77
35
Mar 6
Jan 18
Feb 26
Mar 7
17 Va Apr 24
5% Feb
1
23'A Mar 19
46 Va May 25
165
Mar 12
30 Va May 3
20% Apr 18
46% Apr 24
47% Apr 25
80% Apr 25
Oct
Jan
141
Jan
45%
162
Dec
Dec
22%
Apr
26%
Oct
13 V®
Jan
17%
Aug
23 Va
Jan
43%
Dec
20
Jan
34%
Dec
40%
Jan
69
Dec
May
54
Jan
82%
Dec
11% Jan 24
6% Mar 27
7% Jan 2
80
Feb
2
32
Mar 27
27 V® Jan 24
47 % Jan 12
54% May 17
12% Mar 27
76 '/a Jan
9
15% May
12
Nov
13 V®
Dec
37 V® Jan 10
45% Apr
111
Feb
58
108
110
Jan 20
6
May 25
May 4
28
Jan
2
111 Va Jan
2
2% Jan
2
67% Jan 23
78% Jan 23
38 V® Jan
33% Jan
56
Jan
20% May
118 Va Jan
9% Jan
35% Jan
62% Jan
16
2
2
24
10
24
22
20
2
Jan 22
89
7% Aug
Jan
9
Jun
55
Feb
75
Dec
7 28
87% Apr
38% May
May
35
Dec
22 % May
31% Mar
May 16
56 / May
7
29% Nov
30 V®
Jan
48
Sep
Jan
13%
Dec
2
17 V® May
93% May
6
7
50%
Feb
79% Nov
24
33%
Jun
38%
116% May 8
x67% May 25
113% Jan
5
110
Jan
57
Sep
114% Mar 16
108
36% May 19
1111/®
27%
110
115
64 V®
Feb
Apr
115
July
113
pec
Dec
Jan
33% July
116
1
7% May
2
2%
Nov
Feb
19
33%
Feb
74 Va
92% Feb
80
pec
pec
May
114% Mar
Sep
4 V® July
Pec
19
40 V®
Feb
85%
pec
45 V® May
7
34%
Sep
39 V®
July
38% May
8
31
Sep
34%
Jan
8
50%
Sep
58% July
65 V®
May
23% Apr
18
Feb
1u
13
110%
Sep
12 Va May
7
6 Va
Jan
11% July
38% Mar
2
28%
Jan
37%
61
Dec
11%
Jan
67% tyay
17% July
137
75
21%
16%
19%
14
May 25
Apr 30
6
10
Jan 2
Jan 2
Jan 24
Jan 2
Jan
4
Apr 12
Mar 27
Mar 9
May 17
Mar 6
Feb 20
29% May 4
64% May 12
127VaMar24
7% Jan 9
14% Apr 16
23
79
Mar 26
Jan 3
27% Feb 14
122% Apr 30
10%
18%
10%
18%
57%
124
Jan
■j
15 V® Mar
71
4%
5 V®
8% Feb
pec
pec
9 V®
Feb
13% July
15%
Feb
19
peo
7%
Apr
12%
pec
13%
Apr
20 y® July
54
Jun
64
Oct
Jan
128
Oct
121
5 V®
Feb
7% July
Jan
10% July
17%
Jan
25%
peo
66 Va
NOV
84 y®
Feb
5%
2350
RECORD
NEW YORK STOCK
LOW
AND HIGH
SALE
Monday
Tuesday
Wednesday
May 19
May 21
May 22
May 23
t per share
«
share
per
*27%
28%
*27%
*32%
33'A
*32%
*
28%
per share
28%
r
28'A
Range for Previous
STOCKS
PRICES
(Saturday
Monday, May 28,
1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
Friday
the Week
May 24
« per
per share
100
25
Jan
31
Apr
17% Jan
11
12%
zu
30% Apr
6
300
Superior Steel Corp
*32'A
33
203
Sutherland
23'A
22%
22%
*22 3/4
23%
300
Sweets Co of Amer
33%
33%
33'A
33%
33%
33%
6.400
OW1H
<3i
38%
37
38%
36'A
37%
37
37
6,200
Swift
International Ltd—
35'A
33%
34%
33%
34
34
34 'A
7,500
Syivania Elec Prod's Inc.
8%
9
9
9'A
6,200
Symington Gould Corp—
23
*22 Va
23'A
33%
34'A
33%
33%
333A
33%
38 34
38%
38%
38%
38
34%
35
34%
35
34%
*22
>27%
27%
,
33
«
27%
33
9 Va
9'A
9'/a
9'A
8%
9
*8%
9 Va
*8%
9%
8%
8%
*83/4
9'A
9 Va
93A
55'%
9'/a
800
*54%
*8 3/4
54%
54%
*54'A
55'A
54'A
54'A
•54'A
55%
*54'A
55%
20
*8%
8%
*8%
8%
9
00
6
19%
4
Jan
35
Highest
I per share
29
26'A May 14
34% Feb
7
2
1914
Lowest
31% Mar
22
10
(Ttfe).
*27
32%
33 Va
23
$ per share
Paper Co__...
27%
32%
*32%
22
Highest
I per share
yy Par
*27'A
33'A
22
Year
Lowest
EXCHANGE
Shares
1 per share
share
Range Since January 1
STOCK
NEW YORK
Sales for
May 25
Thursday
Apr
Sep
8VA
27 V4
t per
share
26
:>
Dec
34
Jan
Dec
20%
Sep
33
Jan
Dec
Jan
Jun
31% Mar 21
No
38% May
9
26%
Apr
33 V4
29
27 3A
Jan
33'A
1
Apr
6
35% May 22
7'A Jan
par
2
10'A Feb
15
103/8 Feb
16
7
5% May
8
Dec
8%
Jun
T
*8%
9
13 3,a
*8%
13%
13%
13%
13'A
13%
13'A
53
13%
13 3/a
5374
13%
3,300
53
533/4
52%
5334
52%
53'A
523/4
53
8,600
Texas Co
7%
73/4
7%
7%
7%
33/A
8%
8%>
8%
7%
7%
734
7%
73/4
443/a
44%
3,600
44%
44%
44'/a
44%
x44
44%
433/4
443/8
21
4,700
Texas Gulf
21%
•
21>A
203/4
21 Va
20
20%
20
20%
203/4
20%
Texas
18%
7,100
18
18'A
17%.
18'A
17%
39%
18'A
18'A
18 3/8
39%
393A
18 %
18 34
39 %
39'%
18
39%
17
17
17
17
16'A
53%
53
53%
53
53
9 %
93%
*135
95
103-4
16%
53'A
*9%
9%
9'A
9'A
138%
*135
95
*135 Va
138%
*135%
138'A
*94
10%
95
55%
*11%
12
113/4
*14%
15
*14%
*55
50%
95
95
10%
103/4
*55
50%
10%
10;%
10%
55%
51 'A
5%
38 %
38'%
38
18%
18%
56%
105 S3
10533
5%
55
55
10%
11%
11'A
14%
14'A
*14'A
50'A
49'A
50
5%
38'A
5
5'A
11%
11%
15
15
49'/a
49%
50'A
5'A
5'A
38
18%
18%
183/4
18 3/a
18%
13 3/a
10532
5'A
105 32
105 32
105 32
5'A
18 3/a
105 32
18%
10532
373/4
105 32
38'/«
37%
88
54'A
54%
12 y«
55 Va
54%
54'A
37a4
37%'
38%
53%
54'A
'
*533/4
121/4
12%
12'A
12'A
39%
40
12
38%
39 y4
12'/4
12'A
38%
1,100
38
38%
23
23
37%
38 '/a
38
23
23
22%
X21%
2134
22
*107%
109
03/4
108
12%
6 3/a
108
6%
6 3/a
6%
6 l/4
*108'A
6'A
6'A
108%
108'/a
12 «/4
12%
12%
12%
12
22'/a
21 3/4
12%
21%
12'A
213/4
12 3/a
11%
21%
105%
105%
2 l'/a
2 l'/a
213/a
105%
105
*105'A
108%
105 %
•:
2134
105%
105%
21'A
105
109
Transamerica Corp
2,700
.
Truax-Traer
TUbi/.e
29%
29%
29%
29
29%
36%
27%
29'A
36'A
29 Va
36%
29%
36 Va
36%
35%
36 'A
36 3/a
36%
10234
"102 Va
1023/4
102%
102 5/a
400
11%
11%
12%
12'A
12%
5,700
«A
120 3/4
121%
*122'A
17%
16%
*102
17%
104
102
102
*102
11%
11%
*ll3/4
*120%
121%
121'A
121'A
183/8
173A
17%
18
18
12
11%
121
121'A
17'A'
30
41% Apr
24
17%
Jan
Mar 31
45 %
: 4Va
10
12%
Jan
24
24'A July
50 %
Feb
58
>6
12
Feb
28
5%
Jan
Jan
3
139
Apr
16
92
Jan
122
Jan
8
100
Apr
11% Feb
16
81 %
Oct
94
Dec
Apr
10%
Dec
lif'/a
Dec
Jan
3
Jan
23
Jan
2
10
Jan
5
Jan
Jan
May
.2
Jan
18
% Mar
13
>/
'
>
•
123
preferred
20th Cen Fox
14,100
•38
Dec
Apr
52
Va Aug
43%
8'A
Jan
11%
Dec
17%
12 '/2
Apr
29
Dec
Jan
7'/a Feb 20
109% Mar 15
3%
85
prior ptd
17%
64%
7%
4,700
Twin
2,200
Underwood
17 Va
64%
130
64%
17
—N"
3
37% May 48
102
Coach
Feb
14'A Jan
5'/4 Dec
105'A
Feb
102
Dec
Feb
19% Feb
20%
Dec
283/4
Dec
102%
Dec
28%
Dec
.
•
Jan
85
35
VA Dec
105 %
Dec
Jan
9%
Dec
68'A
16
Jan
5%
Jan
8%
29
3
11% Nov
2lVa. Feb
Jan
27
125
Jan
15% Mar
13
13
2
—1
Co—
106% Jan
May 22
3
93/a Jan
115
Feb
Jan
8%
29% May 18
34'A Mar 27
'
nrfr
No Par
Rapid Transit-,—No pur
preferred
100
18 3/4 July
<
Mar 21
Twin City
Dec
l2'A.May 22
223/4 May 17
106% Feb 21
20%
July
109
Jan
13%. Jan 17
101'A Jan
No par
preferred
$4.50
Corp
17
Feb
•
May 19
24% Mar 8
18% Mat 28
*
.100
:
Film
$1 an
14,926
.-1
Dec
Jan
40
13
Corp.——
Oct
5% Aug
34
-25
16
10% Mar 22
par
% Mar
100%
—
23
56% Feb
2
103
13
49%
20% Mar
2
—1
Jun
Jan
May
40% Apr
6
No par
No
Jan
liVi
108% Jan
-
15
18'A Jan
Dec
32 '/2
.6
Mar 26
26
4'A
•
41
..
22
Apr
7
15'/a Mar
15% Mar
•A 53% Mar
Mar 15
50
19
July
93/4 Nov
56% May 23
11
34'A Jan
*
Dec
593/4 Jan
-
Jail 22
31
2
16% Jan
105
Dec
16% Nov
.35
21% Jan
Jan
10%
3
Cbrp
Rayon
43A%
700
29%
12
Feb
No par
$6 preferred
140
36%
104
8%
;—2
—
Tri-Continental Corp
9,200
8,100
29%
121%
19
'
37
11%
29%
18 3/4 May
54% May 11
Transcont'l & West Air Inc
Transue & Williams St'l
29 %
104
37'A July
Feb
No par
1,800
303'4
*120%
Feb
Apr
14'A
10
3,800
12
106
4'A
32%
—10
Bearing
Sep
7
par
:
Oct
12a/4 July
50 % Jan
6% Dec
7
45.
9% Mar 27
No. par
N( par
Oil
44%
Dec
8 3A
14
125
93%
No par
Axle
51
Jan
10 V2 Mar
19
9 3/a Feb
Jan
May
—23
Detroit
Feb
Jan
%
25% Mar
50
Transit Corp-No
Timken Roller
10,800
*■
108%
108'A
12 '/4
22'/a
*105
2
83A Apr
preferred—;—No par
conv
Timkefl
1,100
6 3/a
*108'A
108%
12%
21%
$4.30
1,030
22%
6%
2
Jan
Mar 29
preferred—
conv
Avenue
2,200
38%
22%
6%
55
1
Tide Water Associated
10.100
-
123A
39
23
63 a
2
143/4
4414
-160
100
Thompson Products
Thompson-Starrett Co
$3.50 cum preferred
2,500
-
54 Va--'
22%
12'A
1
Jan
Thompson (J R>
1,500
38%
18%
105 32
38%
54%
14% Mar
303/a
Co
div
Third
1,500
200
*37%
38
$2'A
330
11%
105112
38
2
...No par
Thermoid
5,000
15
49
37%
37%
4
Mar
56
"
38%
55%
12 Va
56
7
Ng par
No- par
preferred
conv
42
9% Feb
100
preferred
preferred
6%
50
11
55
7%
96
56
5%
138%
10%
14 %
*38 Va
9%
135 'A
*
96
105 33
39
55%
300
9%
*95'/a
11%
5%
*
$3.60
5
3
6'A Jan
-1
Co
The Fair
10%
50'A
38% •
-
900
370
10%
55%
51'/4
18 3%
16%
53
*95 Va
11%
15
16'A
53
93/4
6
36%
—10
Mfg Co
Thatcher
10%
*135 Va. 138%
*14'A
11%
Texas & Pacific Ry
3,000
16
Jan
xl9% May 10
13 % Jan 22
No par
& Oil—.
Texas Pacific Land Trust—
30,700
403/4
,40
new
Sulphur
Pacific Coal
53
*9%
96
*95
40
52
10%
55%
5%
39
*16%
16%
52%
9%
*9%
138%
39'A
Producing
Gulf
Texas
"
39'A
38%
16%
52
.
7%
-3
25
1
Jan
Jan
11/4 Jan
48% Jan
>
50
5
(The)
44%
44%
211/4
.
400
7%
50%
7%
-8
partic preferred
5% %
133/8
54
73/4
9
Telautograph Corp
Tennessee Corp
13 3%
53%
9
(James)—
Talcott Inc
•
118
Dec
16%
Dec
U
*65'%
65%
6 4'/a
65
64%
64%
17
17
16%
16 3A
16%
92%
92%
91%
92%
92
10%
92 Va
*113'%
114
*111
114
*113'A
114
*111
114
113
64
•
114
22 Va
22%
127%
127%
128
128
126
127
109
109
109
109'/B
109'A
*108'%
30'%
22%
30%
28%
31
39
*110
22%
39 Va
26%
111%
*109%
72
'
11%
11 %
10%
*22'A
22%
*22%
1%
1%
1%
44
21%
11 '/a
11 Va
*78%
81
113A
16%
16%
27
17%
*53
100
10%
10,900
22%
400
1%
1%
1%
21,900
$3
United
Drug
*10%
11'A
11
11'A
500
Un'tfd
78%
Dvewood
*77%
79
78
11%
79
xl 1 %
78%
140
11%
16
27
1534
105
167
a
11%
113/8
5.800
Uniit'd
Electric
*36%
3 7'A
1,200
United
100'A
15%
15%
15%
27%
109'A
107'A
16
26%
105
16%
3,100
United
TTnH.eri
Ors
27%
27
27'A
15,500
*108
109 3/8
60
7%
*104
7%
105
16
7%
8
*104
6,500
104%
10%
16%
16%
*106'A
400
107%
5.400
191'A
18%
107
106%
106'A
21%
21
213A
21 %
21%
X22
23
8734
86
87%
86%
87
88
88
1,600
195
*192
195
700
5%
*191
19
53%
53
53
49%
50
73A
7%
734
34%
18%
35%
112%
*112
10
50
18%
34%
10%
*112
*191
18%
18%
*18%
19
53%
52'A
52'/a
*52%
53%
50a/8
50 %
51'A
52%
7,400
7%
7%
7%
35 Va
112%
34%
*112
3 4 3/4
1123/8
*7%
7%
34%
1,400
35
*112
$6
U
10'A
10%
10 '/a
10%
10%
43%
10%
43%
10y8
43%
44
10%
4 3'A
10'A
10'A
43%
43
*10%u -10%
50%
*48 Va
43
50%
43
*49%
42%
507'e
50
29%
50
297a
29%
29%
42'/4
*49%
4.000
100
29 %
30
3%
3%
59%
*163
3
59%
'
3'A
58'A
160
583/4
*163
166
*68
68%
67%
68'A
*813j,
83
81%
82
67
67%
146%
66'A
146%
25%
25%
*40%
4%
147
25%
47%
'
67%
147
26
28%
3 Va
57%
*162
57
66%
*813A
*163
67%
65'A
81%
8134
66'A
66%
65 Va
147%
148 Vs
148%
25%
25a4
25%
*46%
47%
47
4%
50%
29%
3
58'/a
166
47%
*46%
4%
3
*50
10
9%
28%
3
57%
166
66
813*,
66'A
149
25%
47
10
28%
2%
57
*163
63%
*81%
9%
166
63%
82 3/s
64
*81%
5%%
Partic &
66 %
148'/a
25%
47%
580
4%
4%
4%
4%
6'/ft
6%
4%
6%
4%
6%
4%
6
4%
4%
108%
6'A
6 Va
1,200
108 Va
6%
6%
6%
16,200
*17%
18%
*63a
6
108%
108%
18%
*17%
3/4
6%
0%
*6'%
*42%
*91
6%
44%
*42'A
44%
*42%
44 "a
180%
180%
*92
93
*178
180 Va
92'A
92%
180%
180'A
*
6 Va
108'A
108 Va
110%
92
180%
113
*17%
18%
*17%
18%
6%
*6%
6%
6%
6%
9
92%
180 Va
42
91%
182
44
92
182
*43%
92%
*179
44'A
260'
25%
2534
24%
13%
25%
1334
23%
13%
24%.
24
14
14
14
14
38
37%
13%
38
13%
14
38
14
38
38
38
15'A
15%
38
15
15
15
48%
49
15
49%
*91'A
95
*91'A
96
*93%
97
*94
97
3734
15%
15% •15'2
50%
*49
*91% 93
*93
93
97
29%
4%
65%
119%
*45
39%
137%
148
For
29%
4%
66
434
65%
65'A
*119%
75
119%
75
46'A
75
45%
39%
—
93
*29
120%
138
93
93
29%
43i
*73
49%
see
2934
4-%
*94
27%
4%
4'A
4%
63%
63 'A
63'A
119%
119%
140
140
*73
76
*73
46%
46%
46%
40 Va
>140
40%
*40%
'148
■:
No
Jari
11%
Oct
15%
Jun
.98%
Jan
109"%
Dec
21
Feb
7 3A
Sep
Jan
11
95%
Jan
106 3/4
Dec
7%
Feb
•'97%
/
4
54
•
8%
-42
5
Jan
Apr >•
Jan
8%
30%
3
40%
1
19
>40
Feb
May .18
130
Jan
09-
May 11
85
Mar 19
483/4
69 % May
1
24% Mar 29
47 % May 23
135% Jan
2
50%
26% Mar
1
X1193/4
Steel Corp
Inc
.
23
par
98%
Jan
5
,—1
16
Jan
2
...
1
5% Jan
50 3/8 Feb >6
149
May >9
5%
Feb
69
78
May
136%
22 > May
44% Apr
27% Aug
-
48 %
Jan
6% May 25
>-- 2%
Apr
>5%
Oct
106%
Dec
113
May 25
20% Mar
6
:
Jan
14%
Jan
3%
4% Nov
,
Jan
76
18 Va July
2
/>'. 8
Jan
25
39
Jan
5
47
Jan
24
31
par
Jan
75% Jan
41%
24
93% Mar 19
68
Apr
81%
162
Mar
Mar 27
Dec
23/4
par
178
Dec
28
No
.LUU
Dec
63% July
No
Leaf Tob
preferred
Dec
61% July
Jan
-
Dec
54% Julv
150
Apr
4% Jan
Nov
4'A
Dec
18
—5
Jun
<
Feb
24
24
Sep
Dec
37%
Jan
2
Jan
* Jan
Sep
9 Va
10a/a
,
•
Apr
72
4
Dec
48
Jan r
58% Jan
par
Get
Dec
9
33%
113
51/2' Apr
par
..25
—No
15%
51% Nov
Jan
1
~
eo% Feb
xl67
-
Dec
43'A July
-•
Feb
17
Apr
Jun
186
>
Feb
88
Jan
16'/a
110
Dec
213/s
May 16
4
<
Jan
6
.
12% July
107%
Jan
Jan
34'A
7
•
Jan '
Mar
170 ".
TO
55% Mar
<30
6
2
<70
21
Jan
44%
26
12
143/4
1
10% Mar
28% May "5
51% Jan
May
10% Feb '
2
144% Jan
52
Jan
•
May 25
114
2
Jan
—1
Laboratories
148
148
*63
*119%
76
*73
47
*46
40%
148
40%
150
*150
Norman
10
1.300
'
4%
2,500
64%
1,000
30
76
10
46%
1.000
:
No par
Raalte Co Inc
10
120,
155
Van
Van
700
27%
40%
Vanadium Corp of Am
1.500
3,100
97
28'A
120'A
*148
97
28'A
63%
47
Co
1.700
:
v
96
*119%
40%
2351.
%
3,700
49
*91'A
64 %
46'A
49
15%
*94
28;'4
4
49
>
24%
96
119 Va
76
40'A
page
4%
49
24%
*91 'A
64%
45%
140
28%
49%
24%
119%
*74
*148
footnotes
4%
43
*40
*138
29
8%
35
46
.100
Preferred
Universal
Dec
.50
No
preferred
Universal
80
38 Va
15%
38
♦
conv
Dec
Dec
•
V Feb
9% Feb
2
..50
11%
91%
7
35% May
23
-10
7% non-cum preferred
United Stockyards
Corp
United Stores class A
$6
7% Jari
9% Jan
2% Mar
78'A Aug
36'A
8
,
6% Mar 27
V'
Apr
Jan
16
52% May 25
30% Mar 26
.100
1st preferred
<
22
1
8
•
883/4 May 19
1913/4 May -22
19% May
1
17
par
45 %
Dec
17'A Dec
11% Aug
.
26% May
.75'A Jan
•
6
-
Feb
Jan
23
10
111% Jan
—
1% July
42'A
185
Feb
6
:• •!'
6
176
July
Dec
Dec
Nov
V
25%
*15%
non-cum
Smelting Ret' & Mln
Preferred
70
92%
13%
*49
„
Jan •31%' Apr/",
•12% Apr
Oct
18% Apr 24
108% Jan '26
2
Jari
38% Jari
..20
—No
28
>, l'/a
6
Dec
Jun
70% Julv
108
'/'
17
..10
CO
Universal-Cyclops
500
184
25 V4
37
8%
U 8
180% Jan
% 13% Jan
par
Mar
173/4 Mar
22
-10
^
...
Rubber
Jan
.100
Plywood Corp'...
8
3.400
18%
•
*42
112%
S
77
par
114
27 3/a May -23
5
50
24%
Mar
110
10
-50
16
101% May 18
24
...1
Preferred
U S Tobacco
6%
108%
No
U S Pipe &
Foundry
U 8 Playing Card Co
2.400
108 '/a
*18
cl A
conv
U 8 Steel Corp
Preferred
6%
19
.No
preferred
1,800
48
..
Dec
v
Feb
:
' Apr
39
6
10% Apr
No par
Lines Co
U
29.300
25%
.—5
preferred
$U S Realty & Impt
*106 %
*181/4
U S
400
66'A
148%
48
conv
U
3,200
83
65%
147%
*47
.100
2 '
81% Apr 27
13% Feb 20
2
11% Jan
Dec
■
9
Feb
.105
par
z -20
U S Industrial Chemicals
U S Leather Co..
100
64%
65'A
26
Z
preferred
4.200
164
147%
25%
No
4,600
3
58%
.«
preferred
7.400
29'A
2%
57%
164
11,600
42%
50%
29
3
57%
1st
105
Sep
36%
20% May
44% May. 23
>21% May 18
3
13.% Feb
20
Mar
Jan
110%
1233/4
Jan
9
6'A Mar 26
!
No par
.....No pdf
Freight Co
Prior
10
io
U S Hoffman Mach
Corp.
2,800
*48'/4
9%
S
7%
4.000
10%
10%
22
107
Paperboard
U S Gypsum Co
112%
10 Va
13% Jan
l
Nov
May
5
89% Mar
j.IOO
U8 & Foreign Secur.
110
51
7%
112%
10%
*52 »/a
195
par
Imorovpnient Co.__13%
United-Rexall Drug $4.75 pfd No
par
260
21,200
No
Jan
Feb
22
Xll'A May 23
33% Jan 31
5
preierred
United
66
o
United Merch & Mfrs Inc
90
1913/4
107
Cos....
Fruit Co....
7,600
109 'A
*108
8
Coal
15%
107%
%
5
Engineering & Fdy
7%
16%
9'/a Jan
100
11%
26%
*104
1
.
2
Dec
30
Apr
28
11% May 19
22% May 18
>
22
104
>33% Nov
Jan
29% Apr
2
15% Jan
Corp—.1
37'A
109'A
105'A
1% Jan
38% Jan
Dec
22%
61
'•
Dec
102'A
110
1
10% May 24
22% May 19
Oct
20%
Jun
73% Apr 23
2
26% Feb
V
Jan
par
Preferred
100 %
27 'A
*
115
Jun
100 3/4
18
Nov
118
92'/2 "Feb
26
25%
40
May 16
134% May 16
;
20'A May 21
114
Jan " 6
22% Mar 22
66
5
113/a
110% Apr
22
No par
99%
101 % 'v
Jan
1093/4 May 25
par
Co
*36%
109 '/a
8
No
preferred—
11%
16
>.
100
l.No
3 7'A
1
105% May 18
3i'/a Jan 22
par
_
100%
37%
100
16
...No
Corporation..
7,200
8,800
78
33% Mar 8
32% Jan 11
Uirited-Carr Fast Corp..
No par
Cigar-Whelan Stores new__.30c
Prior preferred
4
20
44 %
J09% Feb
109% May 10
Jun
119
Sep
19
118
Feb
Jan
25
10
Co
113
17%
24
100
Dec
Jun
93%
27% Apr
.100
15%
82aA
1
29 Va Jari
.
66
Feb
Sep
'
28
Apr
100% Jan
Un
United
;
Jan
9'A
76
29
130
Inc
preferred
Carbon Co—
20%
493/8
*112
29%
10%
Jan
.25% Mar
100
conv
443/8
7 3A
112%
*28
5%
.
United
20%
48%
*112
20
700
*22'A
1%
7%
35
1,000'
71
Va
1%
49%
*34 3/4
30%
1%
7%
35
*28 %
10'%
49%
35
109%
71
44'A
21
53%
109 :iA
71%
20%
87
*53
26'A
110'A
70%
Biscuit
20 Va
22%
18%
*25%
*109%
United
'116
8
22
24
9
preteried
44 'A
88'A
195
26%
Air Lines
4 '/a %
51%
4
No par
Corp
preferred
conv
United
200
Jan
20 3/a Jan
109% Jan
Aircraft
11
21%
18%
12,100
y
preferred
non-cum
5%
800
38%
130
*25%
72
4%
20%
88
*191
107
38%
*126
par
May 18
17'/a May
25
Union Tank Car
United
113
66
93% May
5
117% Jan 23
100
Pacific RR Co.
44%
21%
19%
107
7
Union
10%
88 3A
195
107%
—No
Union Oil of California
44%
88
*18%
27
$4.50 series
20 Va
207a
*191
106%
20,300
22
77 a
108
xllO'A Apt
Preferred
11%
108'A
17%
107%
24
20%
8
163A
108
24
78% Jan
400
1,600
29 3A
10%
37%
105'A
3
14% Jan
44
108
105'A
108
31%
22%
101'A
27'A
i,6oo
29%
10%
37%
7%
*106
15,200
31
1%
78
10 Va
108
583/4 Jan
20%
y
'
>
22%
129%
29%
38
29%
21%
127
31
29
131
110%
-No par
.—No par
Bag & Paper
43%
'
7%
*30%
22%
1003/4
27
109
10%
373A
16
26%
17%
21%
125%
22%
101'A
100%
105
21%
125%
*107
Corp
Carb—„__No par
Union El Co of Mo $5 pfd—.No par
20
37%
26
29%
11
*11
12
37
'
109
20
114
22%
1%
44'A
21
12%
113%
*113'A
*124%
*71%
29%
•
22%
443/8
*124
-
,
*28
134
37%
*112'A
113%
38
25%
11
101%
113%
113%
130
26%
72
21%
111/4
108
"37%
133
*109%
111%
11
*107
38%
*127:
*25 Va
20 V8
*109%
107'/a
38'/»
130
22%
*107%
109
-
*111%
29'/2
383/a
79%
*63
-22%
126
31
73
105
21%
125
*107%
29
29%
7%
113%
30%
*72
109
112
30'A
*28
37%
112
113%
31
73
101'%
Union Carbide &
29%
29%
12
Union
5,300
30%
130
111%
*79
8,200
91%
*106%
*71%
44%
21%
17
90'A
29%
*28
*11
16%
91
107'/a
39%
133%
25 3/4
*25%
31
16%
90%
28%
106%
*130
22
16
92%
*106%
29
106%
22%
16 Va
90%
113
*113'A
64%
16
'
1,200
160
Co
Vertientes-Camaguey
Vick
Sugar
Vicks Shreve & Pac
Ry
5% non-cum preferred
Va-Carolina
6%
Va
Va
div
El
&
6
173/4. Jan
23 Va July
8
28
52
Sep
17
Jan
8
16
Dec
7
12% May
41 % Jan
51
Oct
63%
Jan
85
Dec
70
Feb'
85% July
21'A
Jan
3'A
Sep
Detinnlng Co
;
—5
No
par
.100
93
May 21
90% Jan
20
93
Apr
26
8
33'A Apr
5'/a Feb
20
69
20
118% Jari
„
9
8
Feb
19
123 > Feb "19
9'A
14 y8
Jan
/ Oct
'50
'
Sep
113%. Jun1,
25'A
NOV
Arig
5'A Mar
62% July
120
Aug
Jan
22
75
Feb
28
45% Jan
38%
Feb
63
Nov
25
48
Feb
13
36% Jan
37
Jan'
45
Dec
16
•JH3/,
NOV
57
..25
~~
Mar'
59'A Jan
.100
..25
52
3% Mar 27
.100
pfd
20
24% Jan
ZZZZZ. .100
ZZ. .100
preferred
22
13% Apr
6
48% May 22
86% Mar 26
—5
preferred
Pr«»f*»rred
Mar'
39 > Mar
Co. -6%
$5
pref__
Iron Coal & Coke 5%
Vulcan
i
15'/a Feb
Jan
Virginian Ry Co.,.—
6%
28
Mar 27
Works
Chemical
partic
Pow
2
13
32
Chemical Co_
Victor Chemical
21% Jari
2.50
.1" -10
40% May 23
.100
120
33
Mar
2
Apr
.100
155
145
May 25
102
Jan
Mar
5
147'A Mar 26
149
Feb
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4389
161
Volume
NEW YORK STOCK
LOW
Monday
May 21
Saturday
May 1!)
HIGH
SALE
Tuesday
May 23
* per share
shaT9
9 per
AND
RECORD
PRICES
STOCKS
Wednesday
Thursday
May 23
f per share
2351
$ per snare
the Week
May 25
9 per share
I j?er
NEW YORK
Sales for
Friday
May 21
Range for Previous
STOCK
Range Since January 1
Highest
EXCHANGE
Shares
share
Year
Lowest
Par
per share
per
1044
Lowest
I
share
Highest
t per share
per share
W
35
*69%
*15%
15%
15%
•33%
34%
*106%
107%
15%
15%
*34
69
69
70%
*69%-
-
70
68%
68%
681/2
68%
19%
*19%
19%
15%
34%
107 3/8
107%
107%
*106%
107%
11'/a
69
67%
19%
2%
*62%
*
2%
64%
*63%
"Y143/4
21/4
/
-
35%
107%
67%
67%
68%
: 6*9 'A
19%
19%
19%
19%
10%
11
10%
11
11
11%
10%
10
10
*9%
10
*9%
10
*2%'
2%
2%
2%
*2%
16%
17
62%
27
27
26%
26 3/4
14%
14%
14%
35'/4
34%
34%-
*34'%
167/a
16%
16%>
27
27
<
16%
'
*26%.
•27
22%
*37%
9
*22
38
9V8
-
22
21%.
221%
,
14%'
35
|
17
:
17
.
-
17
*26%
'
*22
14%
*'
35%
271/2
*26%
21%
21%
21%
21%
21%
37
• ■.
36%
36%
37
9 Mr
9%
9%
9'/a
27%
85%
271/8
3,200
21%
14%
Dec
Apr
31'4
Dec
6
110% Apr
xlOb
68
Nov
1U8% Nov
72
Apr
27
48
Feb
68
NOV
19% Apr 16
20''2 Feb
24
17%. Jftll
X20
Nov
7
1
7»4
Jan
10%
8
Jftn
11% Mar
2% Apr
17
1%
Febf
66% Feb
14
8% Jan
2
11% May
9% Jan
2
11% Mar
1% Jan
31
57% Jan
5
13
No par
30
Pictures
Pipe
.
15
24% Jim
No par
5
20
15
July
Feb
36%
Deo
Apr
25
Aug
7
9
22%
2734 May
2
Apr
11%
22%
37% May
18% May
/
Aug
May
Jan
8
15% Feb
Mar 27
Jun
2 Va
62
45
14
Mar 26
16% May 23
_5
Corp.._
Waukesha Motor Co_
?
Jan
61% Mar 27
50
&
Jan
103fe
8
No par
—No par s,
Petroleum
May
Dec
40
26'/«
7
1638 Mar 10
35
W—No par
&
Washington- Gas Lt Co—
500
3
No par
Bros
Warren Fdy
76Mar
106% Jan
preferred,
Warren
706
85%
G
preformed
B_._—
Warner
800
,
27%
85%
$7
22,200
27%
36%
ClasS
2
10
24
Baking Co cl A^—^-No par
500
I
35
14%
.
<
Ward
200
Jan
13% Jan
30% Jan
100
(Hiram)
Div redeem
300
62%
14%
17
Walker
66
100
par
No par
—No
Walworth Co
2%
62%
preferred
preferred,
7/200
*2%
*61%
14%
4%
1,000'
i
63%
•'•'61
64%
4% fa
System
Walgreen Co
500
2%
*34%
35»/4
16 Ye
20
19%
16%
15
147/e
500
67%
,
Waldorf
l.ioo :
19%
♦63 /
36
15%
34%
11%
; Y'.
65
14%
Y
*10
2%'
35%
15 %
34%
15 >4
34%
11
10 3/8"
Wabash RR
700
107%
ll'/e
*9 3A>
15%
*34
A
68%
68
'
15%
*19%
11
<
69
34V4
68 %
19%
9%
*67%
153/4
*106%
107%
9%
69
34%
34
*106%
11
69
24''2 Feb
20
15%
Apr
22%
Dec
3
39% Feb
19
23
Jan
31 %
Dec
May 10
11% Mar
2
03-8
Jan
I03a July
283r May 18
22%
Jan
25%
Jun
77
Jan
85%
Dec
28
Dec
Mar 26
'
36%
37 '/2
37
-37
•
.<•
'
9%
9'/«-
9%
28%
271/2
1/8
27%
9%
27%
27%
27
85%
27%.
27%
9%
27%
•
*85%
85%
85%
'
*85%
853/4
*85%
107 V2'
*106
107%
29%
30%
29%
30%.
30%
*106
*85%
85%'
114
113
113
105
104%
104 3/4
117%
117%
*116%
25%
25%
26%
25
43%
43%
105
113%
114
105
105
105%
117%
117%
25%
25%
110'/2- 110%
44
24%
43%
43V4
43%
6'/4 Y
6%
6%
6%
6%
22
22%
21%
21%
21
21%
41%
41%
42%
42%
42%
43
84
82
82
*80
84
*82
-
48%
47%
48%
47%
*28%
29%
*28%
29%i
35%
45%
42%
82'%
*81%
47%
29%
29
30
29%
48%
47%
34%
32%
31%
*71%
105
36
45%
J
34%
341%
*33%
34'%
1
31
;
1.200
*34
31 Y
109
*1081%
109
108
*106
30%
108
:
'75
104 %
75
*71%*104%* 105
38%
95%
95%
95%
95%
95
95%
*23%
24%
24
24
30
30%
11%
11%
36%
V
95%
'■
95
90
95
951/2
i
t
700
,*23%
24%
*23%
24
24
24/
23%
24
29%
30%
29%
29%
29 *'•"
29%
29%
30
3,100
11%
11%
11%
11%
11%
11%
12
2,000
White Sewing
2
64% Jan
33 Ma
85 >.'2
Apr
103
Apr
16
II334
Apr
118%
26% Feb
23
16V'4
Jan
28
July
Feb
110
Dec
118
112
103
20
Apr
Apr
3:,4
Jan
6% July
7%
Jan
1614 July
29%
Dec
31a4
Dec
65
Dec
66%
Dec
41
Feb
53% July
8
22%
37% May 17
50% May 17
May 11
Jan
31% July
21 ■:
29% May 25
15
x3134 Feb
Apr
31 Va
'
~
11%
*11%
*90
.
92 %
*89
*33
33%
92%
7%
7%
23%
:
13
100%
23%
13%
13
13%
*100
33
7%'
22%
7%:
*100%
*16%
45%
46%
45%
46%
53 %
54
54
54-
87
87
*87%
75%
74%
22%
22%
2,500
34,706
12%
13
12%
13 1/4
14,100
*100'%
100%
'29
29
45%
53
86
86%
«
Dec
25ai
Jan
32
Jan
111
1061/4 Jan
4
110% Apr
5
Jan
19
Feb
19
36% Feb
64
78
103 Va Apr
20
24
87% Jan
9
26% Jan 22
i 8% Jan
3
Jan
20%
Feb
32%
6614
Jan
92 Va
18
Fett
22
29% July
45%
46-
'
54> :i'
55
•531%
52%
89 %
*88
89V4
85
*84% / 87-
85
406
89%
891/4
89%
Prior
*88
90
*85
86%
*74%
75%
*74%
751/4
84%
75'%
85
74 %
.
75%
*75V4-
14%
14%
14%
15%
14%
14%
1,300
76%
.
Jan
99V4 Nov
-97% Jan 15
101"
100
100
pfd—100
10
128
.
Jan
30
221/4 Jan
6
40% Jan
10
Jan
24
99'4 Feb
27
69'/a Mar
mel)
par
Wyandotte Worsted Co
5
Mfg. Co
28
1
41
41%
2,500
Yale A Towne
18%
17%
9,800
York
18%
17%
23%
23%
23%
22%,
23%
22%
22%
22%
2,300
Young Spring A Wire
No par
24
23%
22%
23 %
8,800
105% Jan
24-
24'%
40'%
40'%
39%
9'%
9'%
46%
47%
106%
IO6M2
110
23%
7,900
Youngstown Steel Door.. ...No par
2,200
Zenith Radio Corp
39
39%
38%
39%
38%'
38%
38%
9%
9%
9%
9%
9%
39%
9%
•Bid
and
asked prices:
no
9'%
sales on this day.
9 Va
fin receivership,
a
n New Stock,
Deferred delivery,
r Cash sale.
• Special
Number
Week Ended May
of
—
6,437,581
TotaL
27% Mar
May
9
-
Jan
20% July
3
33%
Apr
42% July
96
Jan
106% Nov
13
Jan
20 %
15
33%
Jan
44% July
9% May 25
3%
Jan
6% July
17
51% May
110
42
36% Mar 26
2
5% Jan
sales, wd When distributed.
Feb
Mar 21
25% May
Mar 26
Feb
7
x-Ex-dlvldendih y EX-rlghts.
Stocks
Government
oj
Bonds
Bonds (Par
(Number
Bond
Bonds
Sales
Week Ended May 25,
:?•/'-
$4,750,500
$212,000
$8,000
$4,970,500
6,300,000
304,000
7,000
6,611,000
7,259,000
245,000
135,000
7,639,000
7,757,000
5.843,000
297,000
9,000
8,063,000
261,600
6,000
6,110,600
Thurscday
9,355,500
599,400
11,000
9,965,900
Friday
$1,919,000
$176,000
Government
Corporate
$297,000
503.000
50,000
320,500
*
489.000
—
20,000
377,000
132,000
423,000
40.000
343,600
243.150
v
'
-
1944
1945
4,557,760
Bonds
U. S. Government
Foreign—
Railroad &> industrial
Total
—■
$176,000
$93,500
1,919,000
2,322,000
2,000
$9,000
$2,757,000
41,265,000
57,157,900
$43,360,000
9,000
representative stocks and bonds
—Bonds—
10
Total
30
20
Indua-
Rail-
Utili¬
65
trials
roads
ties
Stocks
56.24
" 55.95
55 74
May 24
166.44
165.99
165.91
164.50
164.41
May 25
165.12
Date—
May 19
May 21
May 22
May 23
55.49
55.97
57.02
10
First
10
Second
Indus¬
Grade
trials
Ralls
Ralls
10
Utili¬
Grade
.
Total
40
ties
Bonds
31.17
62.43
106.77
115.49
98.11
108.91
107.32
62.22
106.79
115.40
98.30
108.94
107.36
31.10
62.14
106.74
115.34
98.26
108.89
107.31
31.11
61.69
106.77
115.40
98.30
108.89
107.35
107.38
30.90
23,664,677
$77,541,000
3,669,000
30.92
61.82
106.75
115.34
98.41
108.89
30.94
62.31
106.80
115.39
98.55
108.76
107.34
37.000
519,000
464,000
$2,757,000
-Stocks-
Iff
48,312,870
$66,564,000
21,642,000
303,000
-
Total
closing averages of
976,950
$3,305,000
66,000
—
Foreign government
Slock And Bond Averages
Below are the daily
25
1944
1,890,180
Foreign corporate
$1,330,431,100
$59,573,400 $1,213,975,310
Jan. 1 to May
1945
$2,445,000
Bonds
,
Domestic
$3,087,800
44,806,500
1,282,536,800
$2,695,050
47,992,760
1,163,287,500
469,000
9,000
Stocks—No. of shares
.
509.000
$303,000
25
«
509.000
6,000
356,000
1944
-
554.000
$2,445,000
1945
./
$1,000
349,210
25
91,219,804
.•
1,890,180
—
\ Total—
1944
154,312,163
•.
Total
367,000
Week Ended May
Jan. 1 to May
1945
;;
$349,000
$52,000
382,320
—
Monday;
$43,360,000
Foreign
Shares)
1945
Wednesday
Saturday
Value)
Foreign
Domestic
251,400
Tuesdky—
6,437,581
Deo
Daily, Weekly and Yearly
Total
Week Ended May 25
Stocks—No. of shares
V
15% July
Apr
14%
22
20
.4
36% July
9%
19
18% May 19
Foreign
$41,265,000
Dec
25
United States
Bonds
Shares
25,1945
Saturday^—727,530
Monday..—.
-—
1,082,141
Tuesday.
1,049,120
Wednesday—/
1,312,530
Thursday
961,970
Friday
;
1,304,290
Nov
14
13
1
Daily, Weekly and Yearly
Railroad
and Miscel.
Dec
74Va
Dec
!
Transactions at the New York Curb Exchange
Transactions at the New York Slock Exchange
Stocks,
91%
Apr
13
39 Ms Jan
No par
Zonlte Products Corp
17,900
Jun
58
19'/4 Jan
46%
40%
9%
69 Y2
-
106'/i
'
9
32% Jah 24
13Vi» Jan
Youngstown Sheet A Tube__No par
5%% preferred series A
—100
23
•
42
19
Corp
-
75% May 15
16% Feb 19
9
22
Jan
13
17%
23
Nov
75
Jr
rwml
41%
46
84
No par
Wrlarl*v
17%
22%
Jan
No
Wright Aeronautical
41 %
106%
49
16
123
16
Apr
17%
23%
Nov
82% Nov
Apr
41%
47%
106%
41 Vb
Jan
90
17%
22%
Jan
473'4
5
41%
46%
20%
Jan
18%
106%
Oct
17
Jan
41%
23%
443*4
80
17%
47%
Jan
79
41%
106%
July
30%
pfd 4%% series
100
pfd 4%ttr Conv series—.100
18%
23%
Sep
24
90
42
47%'
125
Apr
59% Apr
500
July
Sep
Jan" 15
f
14'4
Jan
19%
38
3
f.
...*•»
10%
8
46 V4 Mar
24
,
80%
12
Apr
Apr
2
17% May 7
132% May 24
3034 Apr 21
Apr
2
13% Jan ' 2
17%
106%
Oct
11 % July
42
24'%
Apr
20 Va July
42
48
9%
13
Jail
42
106
Jan
Feb
Feb
14%
47%
Deo
4%
9
9% July
8
14%
23%
311/4
6
14%
106
Jail
24
8
14%
48%
106%
2
4
14%
48%
87%
34Vi Mar
2
147/a
*106
Jan
14'% Feb
called
110
87
V' 85 Va
Jan
X64'/3
24% May
Worthington P & M (Del)»—No par
Prior
Feu
5
4
100
10
preferred
400
87
*84'/a
.
20
9
May
10'/a Jftn
Woolworth (F W) Co
7,700
3,300
*
1
12% May
93
23
:4
Dec
16% Mar 26
No par
No par
Woodward Iron Co
600
29%
*28 %
Jftn
Deo
July
31% May
-
15
•30
104% Aug
——1
Motors^
Wisconsin El Pow Co 6%
10
■83% Jan
July
97%
96% May 14
26% Feb 15
24
21% Jan*
77
Feb
15
40% Apr
-
Deo
107% NOV
59%
30>
107% Jan
-31% Jan
101% May
!
Dec
July
6% Mar 26
Wilson-Jones- Co
1»300
•:
29
•
54
17%
*131%
45'% ; 46
29
45 7
52
45%
17%
132'%
$6
t
17
17%
1321%
17%
Willys-Overland
Preferred
*100%
*100s/8
*131%
,
100%
*100%
100%
<
36V8
29%
105%
20
Wilson & Co Inc
'
86%
*85%
86
75%
22%
100.%
87
*86
89
89
90
86
87
*85%
6%
21% :
13
7% '
Oil
v
—5
22%
Y" 7 Y ■~;t
M
16
No par
Co
Wilcox
17i/a
...
29
45%53%-
100
33%
7 »/4
*1001%
*
17%
29
29'
*33
12%
,
100%
*131%
29
29%
*90
33y4
*32
33%
7
13%
13;
92'%
*90
92%
21%
7%
22%
*17
17
*131%
*29
7%
22%
92 %
,
*32
.
*100%
16%
17
*131%
•
33
*100%
101'.
*100%
*100%
*90
92%
*89:
33%
*32%
22%
~
-
J
W
33% Apr 27
113% Jftn 17
32 % Apr 26
•27% Feb 1 3
Dec
*•'.
-
108% May 24
■
1
1
Mach Corp
$4 conv preferred.
Prior
preferred—
Deo
26%
2
49% Mar
Mar 26
37*1/8
7
4534 Apr 28
853i Apr 28
* 2
•
,
Sep
2334 Mar 19
451'2 May
?% Mar
:>
v
30%,
30%
Dec
26% May 19
37% May 12
100
100'
White Motor Co
11%
-
Dec
15
9
28
NO par
$5'conv prior pref
No par
White Dental Mfg (The S S)
20
'
113
Mar 26
- -44
26 % Jftn
6
*
Wheeling steel Corp:.
430
Feb
30% Jan / 2
-
No par
No par
*
—
96»'2
13
-13% Feb
-
No Par
Wheeling ft Lake Erie Ry
5'% % cony preferred:
iio
4.900
38
preferred
28
4% Jan 22
—
$4.25' preferred
75
37%
95%
$4:50
Dec
Feb
10
17% Mar
No par
Westrvaco Chlorine Prod.
■*
30
IO414
104%
Va
37
t
|
'•
*71%
75 -
37
t
108
>r
105
*104%
38
95%
39%
109
108
109
108%
108
*71%
104%
104%
38%
108%
*106
75
*71%
.
38
%
/
31
30%
Preferred
Jan
32% Jan
Corp new_50
12'%
Wfeston" Elec Instrument
12.50
8,210
300' '
54,700
102%
-22% Mar 21
•
No par
•
Jan
2
Westinghouse Electric
35%
44%
*108%
*71%
Class Bwii
83
106% Feb
-
100
Westinghouse Air Brake
••
19
32% May 25
- 8
-
class A^No par
300
5,800
'
45i%
*106
104%
I
»
35%
108'
•
40,700
,
44%
*30%
■;
31%
39
,39
30%
35
109'
"
75
*104%
29%
29%
A
series
108% Apr
8
26
Inc
Ry.
Western Union Teleg
Preferred
18%
Feb
Jhn
106
Supply Co...
non-cum
28
116% Jan
1
10
—100
2nd preferred—. 100
Lines,
Maryland
Fob
115
Western Pacific RR Co com—No par
200
35%
109
108
.49,%
29%
29%
48%-,
v29
4%
%
3,200
34
-34%
30 %k
32%
-
i
82%
48%
46%
*106
108%
108%
*106
*34
34%
.
2,800 "
| 2,800 '
34%
47
35
48
43
42%
82%
29%
36%
48%
SO o
6%
22%
45%
37%
*34%
6'A
22%
(P/a
22%
42
*28V4
36%
37%
36%
6 %'
42%
<
Auto
Western
\
821/a
48%
Western
!
48%
30%
30
Air
1,700 -
43%
87
109% Jan
NO par
100
preferred
6%
26
100% Jftn
■
Western
2
'
-23% Mar 26
1
.—
Jan
• 101
*
60
43%
47%
29
30%
29V4
30%
29
29%
47%'
110%
«
{ 3,300
21%
84% Jan
West Va puip Si Pap'Co.
110
25%
6%
No par
—106
100
West Penn Power 4%% pfd—100'
3,000
24%
*81%
42
i
i
24%
22 '•
20%
•
24
preferred
preferred
6%
150
25%
*109
9
No par
Indies Sugar Corp..
1%
146
;
43%
'■
West
30% Jan
>5
Inc
West Penn Electric class A—No par
117
25%
Tobacco
$4 conv preferred.!
200
105%
117
110%
24%
Wesson Oil Sc Snowdrift
28,800
115
105'/3
25%
*109
24%
43%
43%6%
110 »/2
*109
24%
24%
•
6%
25%
Webster
IO71/2
*114
116%' 117%
f
t
Wayne Pump Co
1,800
9%
32%
30%
*106
114
104%
•
25%
26
'43%
30%
107%
113%
1133/4
117%
111
110%
26 y8
30
*106
107%
*116%
26
•*110 %
*104
30%
*106
107%
*25'/a
II71/4
llO'/a
29%
301/4
*106
'1133/4
114
*104
*25%
•;
*
.1
2,200
4,200
37
.<
$3,408,000
$88,725,000
$81,674,000
!
2352
THE COMMERCIAL & FINANCIAL CHRONICLE
Bond Record
New York Stock Exchange
«»
FRIDAYNOTICE—Prices
the
week,
" .id
are
interest?—except tor lneome end deteulted bond.
le
and when outside of
the
regular weekly range
shown In
are
The italic letters In the column headed "Interest
Period'
WEEKLY
YEARLY
■
CeSd
footnote
a
Indicate In each
Monday, May 28, 1945
In
the
week
the month
case
in
wmcn
wb®n
vn*y
"mooTSttcfcfhw'TJUj
'LleVto'tor'
m*,
^
*K»nd# mature-
the
-:
,
RANGE
BONDS
New York
Stock
Friday
Exchange
Last
Sale Price
High
1947-1881
a-o
108.21
Treasury 3 Vis
Treasury 3%S
Treasury 3 Vis
Treasury 3s
Treasury 3s
Treasury 2%s
Treasury 2%s
Treasury 2%s
Treasury 2%s
Treasury 2%8
Treasury 2%s
Treasury 2 Vis
Treastlry 2 Vis
Treasury 2'/a8
Treasury 2%s
Treasury 2VaS
Treasury 2Vis
Treasury 2VaS
Treasury 2%8
Treasury 2'/a 8
Treasury 2%s
Treasury 2 Vis
Treasury 2%s
Treasury 2Vis
Treasury 2 Vis
Treasury 2ViS
Treasury 2V4s
MS
"102.20
No.
Low
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
102.25
109.24
103.27
102.26
102.21
j-d
"102.19
M-S
"111.21
103.20
113.26
113.26
1945-1947
m-s
'100.23
"105.18
■
111.23
m-s
■
103.19
100.24
1S5.20
106.6
1956-1959
109.25
*113.4
113.6
112.10
1958-1963
109.25
109.25
10
j-d
"113.16
113.18
1960-1969
112.21
"114.18
114.20
113.2
1948
*101.4
"105.21
m-s
1952-1954
1962-1967
"107.28
106.26
j-d
"102.18
1963-1968
"101.23
I■
1964-1969
j-d
1965-1970
m-s
1966-1971
m-s
1967-1972
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—
15
3%s
106.11
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(Continued)
No.
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January 1
Sold
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*:
114
100.25
Series
Friday's
or
.?
3748
111.27
112.27
1948-1951
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2
1951-1954
t
(Continued)
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1946-1948
1951-1959
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"109.29
1954-1950
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108.21
Last
Sale Price
Brazil
High
103.25
j-d
Interest
Period
'
1955-1960
2 Vis
Home Owners'
IVis
I
9
J-D
Week's Range
New York Stock Exchange
January 1
102.22
;
MAY 25
Range Since
Sold
108.27
1948-1958
Treasury
"
Bonds
Low
Treasury 4%«
1946-1949
ENDING
BONDS
Friday's
or
Bid & Asked
8. Government
1949-1951
WEEK
Week's Range
Interest
Period
I.
FOR
••
N. Y. 1-971
10 Vi
II Vi
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4389
161
Volume
NEW YORK
BONDS
Stock
York
New
'
V; Friday
Exchang*
Interest
RECORD
MAY 25
Week's Range
Last
Period
Sale Price
-
BOND
FOR WEEK ENDING
RANGE
2353
or
Bonds
Friday's
Range Since
Bid & Asked
Sold
January 1
Low
No.
Low
High
18%
18%
16
17 VB
10%
13
High
Mexico—(Continued)—
AMexico
|US)
1899 £
extl os ol
A
Assenting 5s o1 1899
A
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1943
A Assented
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A
to
lA'lreasury 6s ol
to
external
ASec
1942,
1942,
agree
5,
mmom
•
— —
9 Va
11V2
1
17%
17%
5
16
14%
j-j
14%
1
12%
Railroad
15
22%
22%
*22'/4
""
agree
—
__
*19
17%
PFLUGFELDER, BAMPT0N & RUST
Memben
M-S
47%
47%
47%
47
47%
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G
47%
reduced
(Int
to
2.125%)
2008
f 6Vis
s
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41
1959
M-S
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37
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s
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1957
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35
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97
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98 %
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A
f 5s
s
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(Rep)
extl
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Stamped assented 5s
mod 3%s ext to
Ext sec ref 3Vas
(Rep of)
loan extl
ANat
Loan extl
§APoland
s
100 V8
Conv
V2
23
23
22
21%
.1940
a-0
22%
22%
*24%
A-0
34%
1968
24%"
A-O
25 Vb
14 V4
16
1
25 Va
14%
1st
1
44 V4
J-D
49%
49%
r
Ref
reduced
AExternal
J-J
F-A
1946
F-A
45%
39%
F-A
54
1999
gold
1968
to Plan A
J-D
II
44%
44%
2%)
2012
J-D
*38
40
external loan of 1926
1966
M-N
'49
2
54
49%
pursuant
pursuant
to
45 Vi
54
tund 4s
Paulo (State) 8s
Stamped pursuant to Plan A
(Int reduced to 2.5% )
38
39%
36
97
97
j A Secured
f
s
7s
2012
1936
39%
90%
53
47 Va
41
„
42
45'/a
40
J-J
40
1
37%
40
54%
1 H
45 %
54%
43%
55%
43%
45%
*50
J-J
55%
55%
55%
.
££
2004
J-J
>
*45
46%
external 7s
66 Va
82
60
64
22%
26
12
27%
21
22
23
12
27 %
21%
£*27%
*100
?!
22
17%
M
1>
O Ol
1
—
F-A
J-J
F-A
F-A
1978
1984
1958
1958
86%
32
26%
103%
105
1
75%
88
74 %
25
87%
*83%
M-N
J"D
'
84
86
86
86
14
72
86
88%
88
88'%
42
78%
88 Va
70
78
*71 *
75
.
20%
17%
series
20%
~3
17%
17%
5
18 %
25
13
19
A Sta
coll tr gold 4s
1907
Coll trust 4s of
10-year deb 4y4s stamped
Great Southern 3y4s
Alabama
Power
Alabama
1st
mtge
3yas
Albany Perfor Wrap Pap 6s
6s with warrants assented
Albany & Susquehanna RR
Chem
G
American
conv
Am
1998
2030
A-0
M-S
—1949
M-N
Ark
&
1st
4y2s
&
Co
mtge
cum
109
102%
100
102
100 y4100%
2
100
102
98
98
102 %
102
103
143
103
102% 103
89%
2
21
107% 108
94
102%
2%s
1967
1995
Bdge & Term 5s 1964
Jan
Q-J
M-S
series E_.
income
debs
85%
88%
90 Va
451
75%
90%
M-S
85%
84
83%
103
66%
85%
84%
84
85 Va
91
66Va
85%
F-A
73%
72%
74%
1,029
55
74%
M-N
99 Va
99
extended
1st
1
1951
to
103%
87%
%
J-J
£ J-J
100
1951
96%
H 00
91
H0
10
86%
19
100%
97
96%
96%
86%
40
86 Va
195
99%'
97 Va
99 Va
100
J-J
J-J
1951
1951
97
Pa 5s series C—1960
A-0
1950
J-D
Loan
Indus
*102%
A-O
2%s
:
102%
-
—
97%
98
102%
129% 130%
43
129%
131%
101% 101%
2
100%
101%
101%
102%
♦102
A-0
1956 "
—
1st
M
II
series
5s
—1967
1955
4s
mtge 4%s ser A
107%
105
15
104
105%
105%
107%
Niag Elec 3%s series
*106%
5
104
—
105%
106%
107%
*106
104
106%
98
103%
57
100% 101 %
100%
73% '
74%
80%
107
107
*106
C—.1967
J-D
»—
196
70%
39
75
81%
107%
*106%
*109 A
106%
107%
*107
M-S
F-A
Pgh Ry—
modified
(interest at
1947) due
1957
JBurlington Cedar Rap Si Nor—
§ A 1st & coll 5s
1934
105
106% 106 Va
1969
1981
f debentures
Buffalo Gen Elec 4%s B
Buffalo
106 Ve
A-O
J-J
"M-N
F-A
M-N
F-A
M-N
M-S
4%s series JJ
mtge 4s series RR
s
11
M-N
1961
1960
...July 1970
fABoston & N Y Air L 1st 4s
1955
Bklyn Edison cons M 3%s
1960
Bklyn Union El 1st gold 5s
1950
Bklyn Union Gas 6s scries A
1947
Gen mtge s f 3%s
.1969
1st gold
1st
106% 106%
106%
J-J
F-A
F-A
M-S
1959
1960
1965
3%s series F
series G
mtge 3s
mtge 3%s series H
Boston & Maine 1st 5s A C
63%
106%
-
80%
81%
108%
107
22
106%
109%
109
A
110 A
107
106%
108%
12
106%
105%
111%
73%
1
107%
109%
—
110% 110%
85%
109
Buffalo Rochester Si
Stamped
2
82%
124
4?
274
45%
A-O
81
46
27
—
82%
46%
40 %
*103%
M-N
to May 1,
3%
of
:
deposit,.
1952
1955
Bush Terminal 1st 4s
Consolidated
5s
Bldgs 5s gtd—
Bush Term
3%s
1968
104%
109%
107%
109%
116
'31%
1957
1969
Guaranteed gold 5s
1970
Guaranteed gold 4%s
1955
Guaranteed g6ld 4%s
1958
Guaranteed gold 4%s
1951
Canadian Northern Ry deb 6%s—1946
Can Pac Ry 4% deb stk perpetual
Collateral trust 4%s
_:19B0
J-J
Power
Guaranteed
gold
104
1
110%
115%
87 Vi
5
—71
87
101% 101%
2
94
102
104
104%
86%
10
97 Va
50
47%
103 Va
98%
104
v
108%
107%
112
117%
15
116%
121%
16
116%
117%
21
116%
118
117% 117%
121 Va 121 Va
8
116%
121%
113% 114%
—
J-J
119% 119%
5
115%
120%
114%
114% 114%
16
112%
115
105%
105%
105%
13
105%
107%
106
106
106Va
15
96%
106%
3
103%
105%
107%
11*5 %
A-0
F-A
'
F-A
A, r
M-S
:
103% 104%
*115%
1949
J-J
M-S
1981
gold 4s
Adir 1st gtd
&
106%
103%
120% 120%
£ 117
117
113%
J-D
J-D
5
'■'£ 42
106
22
1963
Ohio 4s
Clinch &
106
J-J
Oct
5s
tIACarolina Central 1st gtd 4s
Certificates of deposit
Corp 3%s debs
3%s debs.
U P 1st gold 4s
Branch
F-A
♦87
1962
1955
J-J
103%
J-J
1948
J-D
■;
—
—
111%
108
108
114
££6
108
110%
78
87%
27
103
106%
102%
108%
104%
87%
Va
105 Va
107 Va
103%
*104% 104%
88
Nov
mtge 5s
M-N
70%
ARef & gen
A-O
21
A4s
5%s series B
A-O
j'-J
;
General
1949)
4%s
:
Ref &
impt mtge 3%s D
M 3%s series E
Potts Creek Br 1st 4s
Ref & impt
R
&
9H
A
Div
rnnsnl
1st
cons
enld
4s
gold 4s_.
1992
1996
1998
71%
14%
22%
13%
23%
26
63 %
79%
29%
•
AA
9
41%
106%
39%
102
109%
96
102
'
45%
48
177
38
50%
44'/a
47
335
36%
49 Va
52
34%
46%
42 Vi
41 %
42%
42
35%
108% 108'/a
22
F-A
102%
102 Va
103 %
83
F-A
M-N
*110%
89
42%
103%
::
*104% 105 Va
108 Va
' /
Ohio Ry—
gold
53%
93
221
76
*37
"
Chesapeake Si
121
A
F-A
.:
to Aug 1
88
ido%
47
A-0
1974
(4%%
86%
45%
J-J
1974
Central Pacific 1st ref gtd gold 4s_1949
Guaranteed gold 5s
—.1960
A
16
20%
101
J-J
Power 3s_„
ref series
19%
*108'/a 109 V*
A-O
1987
registered
1st &
21%
*37 '/a
J-J
1987
4s
Y
71 Va
20
73
,
76
20%
J-D
1987
registered.
N
98
69%
T~4
88'
96%
F-A
} A Consol gold 5s
AGeneral
103%
»
1945
1945
1959
ARef & gen 5s series C
1959
AChatt Div pur money gold 4s__1951
A Mobile Div 1st gold 5s
1946
Central Illinois Light 3%s
1960
fACent New Eng 1st gtd 4s
1961
JACentral of N J gen gold 5s
1987
A 1st
104'/a
100%
—
98%
15
96%
106
A-O
National gold 4%s
Canadian
J A Central RR & Banking 5s stmp.1942
101 Va
104
31
101%
107% 107%
M-N
126'/a
59
87Va
:
101% 101%
96%
101%
A-0
Power 3%s
1974
Canada Soutnern cons gtd 5s A—1962
Calif Oregon
103%
107%
.
A-O
J-J
A-O
"
1960
Elec
California
A 5s
139
103% 104
103% 103%
11
1964
I 94% 100%
141
100
(int at 3%%
M
1947)
debentures
Consol
99
111% 111%
103%
;
Feb 1 1960
Div
Consol mtge
Central
64
1975
(111)—
3%s
107
100
1
100
125%
6s series A
106%
1
100
40
gold 4s
Memphis Rv
Armour
^8
103%
103 %
100% 100%
107% 107%
805
*
104%
108
104 %
107% 108%
3s
83%
90
tCentral of Georgia Ry—
103
*106 V4 108
107%
85%
85%
J-D
M-S
stamped
ACent
157
103
124% A 26'%
Wks & Elec
1st
J5
103%
107%
1961
I960
1956
1962
1969
AAnglo-Chilean Nitrate deb
AnncArbor
103% 103%
107%
deb
Co
17
A-0
debentures
Tobacco
Wat
1948
107%
J-D
M-S
A-O
A-0
M-N
debentures
3s
M-N
J-J
A-O
A-O
debentures
3s
F-A
1967
1972
107
*103
A-O
debentures
3V4s
Amer
1946
104%
66%
%
104%
157
*105%
Telephone & Telegraph Co.—
3 %s
-
103%
1948
5%s
conv
J-D
3Vis—1946
Alleghany & West 1st gtd 4s
Am & Foreign Pow deb 5s__
Amer I
107%
1947
mped
Adams Express
J-D
J-D
M-S
99%
324
2000
ref 4s
4s
Cart
157'.,,
96%
111 *
157
1953
1953
1948
212
.11990
Celotex Corp
,>
plain
A
1045;
J-D
1959
Celanese
IA 5s
104%
1993
ser
gold 4s
Jan
Carolina
Companies
and Industrial
Railroad
LAbitibi Power & Paper—
98 Va
103% 104
104%
82
—
*100
*100
v
100
102 %
*101
-
—
22%
*20
87 %
191
46%
105
87
'
1979
A4Vis assented
26
I—
21%
F-A
1978
(City)
AWarsaw
407/s
79
1946
extl conv
readjustment
3%s extl
36
46%
46%
82
F-A
conversion
4.4^.41/28 extl readjustment
46%
A-0
M-N
External
37
"3
,,,
M-N
M-N
J-D
J-D
103%
1995
due
1946)
A Certificates
87
1979
37/b-4VB-4A
40
;
6s
readjustment
39
*42%
M-N
M-N
External
.^50
86
1960
AExternal sink fund 6s—
1964
3%s-4-4Va% ($ bonds of 1937)—
AExternal sink fund
I
40 %
87
1955
extl 8s
(Republic)
AUruguay
ktw vi*
__
48 V
J-J
A-0
1958
(City) s f 5Vis
Sydney
42
*50
J-J
2012
1940
Slovenes
Vis assented
£*50
J-J
M-S
39%
6
to
1950
AInc
37%
1
42
98
42%
54%
—
J-J
1999
1978
(Kingdom)—
A 8s secured external
1962
A 7s series B sec extl
1962
ASllesia (Prov of) extl 7s
1958
A 4
A-0
4% to
July 1948
due
Con
48%
t
*43%
M-N
Stamped pursuant to Plan A
(Int reduced to 3.5% )
Serbs Croats
at
'
1968
dollar loan
A-0
34
Bangor & Aroostook RR—
49%
40%
13
98
42
—
(Int reduced to 2.5% )
,,1999
A 7s wctl- wfrtet loan_-._._.___._,1958
extl
July 1948
50
44
23
40%
104% 104%
40
M-S
46%
40
45 %
J-J
45%
103% 104 %
J-J
1948
Bethlehem Steel Corporation—
.39%
"5
48%
*50%
M-N
£''£\
Stamped pursuant to Plan A
(Int reduced to 2%)
1948
,,1953
due
Beneficial
36
:
36
m-s
Stamped pursuant to Plan A
A6s
109%
Toledo Cin Div ref 4s A
44ya
*
Stamped pursuant to Plan A
(Int reduced to 2.25% )
109%
.96%
105% 106
(int at 1%%
C
ser
1
Bell Telephone of
45
—
1964
-.,1950
external
48%
J-D
(City) 8s
1952
Stamped pursuant to Plan A
(Int reduced to 2.375%)—2001
A6V2s extl secured s f
1957
Stamped pursuant to Plan A
(Int. reduced to 2%)
104%
133
Consol
Paulo
|AS»n
56
106% 107%
Beech Creek Extension 1st 3%s
pursuant
Fe external sink
104%
107% 107%
107%
'
-35
50
107%
6
107 %
to
Ref
39%
36/4
~1
.;
to
to
45
to Plan A
(Int reduced to 2.25%).
'.2004
7s municipal loan
1967
Stamped pursuant to Plan A
(Int reduced to 2.25%)
2004
A 8s
V
111
111%
110%
110
110%
J-D
(int at 1%
S'west
to Plan A
sink fund
reduced
Stamped
§ASan
45%
2.5% )
to
reduced
gen
A Conv
50
35%
2
39%
111% 111%
*_.
.
110%
"l
Pgh L E & W Va System—
41
37
5
45 %
45 %
54
Stamped
fianta
42 Ve
41
>
A-0
(Int
104%
1
50
50
1946
(Int
71 Va
101 Va
19
104% 104%
123
110%
—
M-S
due
F (int at 1%
Sep 1 1946) due
(State of)—
do Sul
Stamped
A
104%
*111%
M-N
A (int at 1%
due
ser
1946)
Ref & gen
38
71V8
-
123
117
5
1964
Sep 1 1946)
49%
37%
3
38
A-0
1953
loan of 1921
extl
A7r
41
pursuant
A 6s external
;;
37%
A-0
to Plan A
(Int reduced to 2%)
2012
A 8s
"I
49%
*72
M-N
2001
8s
2.375%)
to
6y2s
sec
Stamped
Rio Grande
49%
pursuant to Plan A
Stamped
(Int
oft
(City
Janeiro
de
A Rio
2006
7Vis—1952
(State) extl 6s
1947
Queensland
1946)
1
&
(Int
due
Ref & gen sor D
49%
(City ol Greater)
APrague
1
Dec
Plan A
2.25%)
to
reduced
(Int
to
gold
intge
Oct
2001
1966
133%
115%
>
„
122% 122%
RR—
Ohio
to Dec
to 2.375%)
(Int reduced
AExternal loan 7Vis
Stamped pursuant
&
Ref & gen
Stamped pursuant to Plan A
v
129%
150
J-D
122%
Ry—
A
mtge
1st
49%
1961
High
July 1952
4s
cons
4%s
gold 4s
8tamped modified bonds—
28
25%
Low
B
Baltimore
36
7
24%
1st
unified
Range Since
January 1
Sold
No.
High
1963
Atlantic & Danville Ry 1st 4s
Second mortgage 4s
;
Atlantic Refining deb 3s
27 Va
13
35
J-J
Line
Air
J-D
1946
gold 5s
mortgage 3%s
General
34 Va
25
J-J
1st
J-D
1960
1910
J-D
1955
1905
Atlantic Coast
*
M-N
1955
1909
gold 4s of
&
Bonds
Friday's
131% 132%
131'
Nov
1995
Nor
24
" 35
,1950
1963
8s
24%
32
1
of
A-0
1995
24%
25 Va
__
34 Va
or
Bid & Asked
25%
18 Va
<
:£
A-O
40%
19%
101
*25
47
18 Ve
151
21%
1947
gold 8s
"7
23 Ve
21%
.
1958
Alegre (City of)
APorto
M-S
105'/a
38%
38%
A-0
fund
sink
M-S
105%
-"i
1
4s
Charlotte
1st
98%
"
J-D
assented
s
98%
95
1959
A4%s assented
A 4
95
—
gold
4s
Atlanta
1
47
Week's Range
Last
Sale Price
1995
Atl Knox &
1
47
,1961
f 7s
98%
98 y2
*105%
-I960
s
94
98%
98%
m-S
ser
6s
90
88 %
•
1
98%
m-s
ser
gold
88
5
2
&
98%
98%
f 6s 2d
AStabllizatlon loan
A Ext ernal
M-N
J-D
2008
assented
^4V2s
1
f 6s 1st
s
of)
(Rep
98%
1947
external 7s
ANat
94
98%
1967
7s
Stamped pursuant to Plan A
(Int reduced to 2.125%)
APeru
90
94
M-N
1963
1994
series B
(State of)
90
A-O
A_1963
Stamp
APernambuco
J-D
1953
sink fund 4%s
(City)
APanama
1-310
Santa Fe—
gold 4s of
Conv 4s
'
Oslo
Exchange
Low
__
1958
5s
sink
*115
1959
I 5s
s
j-d
Friday
Interest
Period
(State)—
(Kingdom of)
External
1952
Bell Teletype—NY
1
120
2008
7s
New York 6
1
41
118
47%
47%
New York Stock
2.125%)
A
Wales
External
Norway
4s
(City)
series
South
New
to
Exchange
37
38%
Stamped pursuant to Plan A
(Int
York Stock
Broadway
Telephone—DIgby 4-4933
Stamped pursuant to Plan A
ASec external
New
_,
61
1958
Reorganization Securities
11%
—
f 6%s
s
15
Vi
ny2
J-J
.
1933
1942,
18
*11
J-D
1943
Nov.
18 Mi
*16%
agree
5,
1913 assent
(State)
Mlnas (ierues
5,
1910
Nov.
*
agree
1954
Nov.
to
AAssented
1942,
1904
AAssentlng 4s Ol
AAssented
5,
*20
Q-J
*
1943
Nov.
to
4s ol
Q-J
106%
107%
109
96%
108%
104%
111
—
85
89
89
145%
144% 145 Va
23
140%
105 % 105%
37 A
105
106%
104
107%
103
103
105'/a 105%
1946
1989
*102%
129% 129%
1989
5
*125
...
49%
"I
54%
130
126
2.321
128%
126
32
54 Va
2354
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, May 28,
NEW YORK BOND RECORD
for week
range
BONDS
New
York
Stock
Friday
Exchange
ending may 25
Week's Range
Interest
Last
Period
Sale Price
Friday's
or
Range Since
Sold
No.
Low
High
J-J
1977
1974
114
AGen
111
inc
mtge
AGen inc mtge 4 Vas
lnd
J-J
1st
&
5s
gen
1st & gen
67 Va
115%
El Paso & S W lst 5s
104'%
106%
223
60
140
2
132
99
100
55
90%
49
65%
>99%
J-J
69%
140
140
J-J
1947
74%
74%
J-J
B—1947
J-J
1947
J-J
ARefunding 4s series C
A
112%
7
5s
series A,
_1966
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75%
*90%
75
Gen
75%
84
Ohio
A
series
41
79
B9
26
72
84
•?
258
15%
23'%
16'%
25
22%
22%
24
24
4
—
23%
25
J-J
*107%
60
,
J-J
105
43/43
1
-
108
-
109'% 109%
114
:
88
40
V
111
117%
245
95%
1973
117%
116% 117%
115
96
96%
•2nd
mtge
ISAChicago
25%
1999
Railways
1st
5s
1927
1.720
69
4s
26'%
1,516
17'/a
805
77%
94
.,89%
89%
90
J-J
68%
63%
jASecured 4'/as series A
1952
AConv
1960
gold 4!/2S
General
A4s
Income
deposit
99
67%
71%
128
52%
73%
22%
1,294
13%
23%
*105%
*99%
102
__
r
99%
97%
M-S
90
99%
91
97%
90
1
98
64
94%
90
*87
33
83%
'J-J
1
J-J
103% 103%
8
.1952
102'/a
Steel
J-J
110%
109% 110%
36
108
105% 105%
3
105%
107
107
M-S
A-O
4
1957
90%
A-O
97%
95%
97%
20
1952
90 Va
M-N
97%
97%
99
23
76
'vVv'V
<■
'
97%
97
97%
F-A
*107% 107%
106%
106 Va
F-A
1974
F.-A
*112% 121
103%
1993
J-D
1993
J-D
1977
J-J
1991
J-J
1990
M-N
.1970
111%
103% 103%
12
Columbia Gas &
89
*
88'/a
*103 Va
M-N
1952
105%
debs
extl 4s
mtge
A
75%
104%
f 3%s A
debentures
debentures
debentures
deb 4s
1954
&
&
J-J
1965
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—1970
1st
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1960
mtge 3%s
1969
*—
a
1955
108
A
Deposit
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A
1952
1940
j-d
Deposit
extended
1940
to
N
Y,
Lack
1st
ref
&
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Delaware
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M
5s
mtge
Power
&
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Western
&
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ser
j-j
f
s
1973
A
>
#
1936
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5s
•
1955
den
&
ret
series
mcge 3%3
Dow
Term
Chemical
&
Tunnel
111%
106%
107% 107%
.
*76
<:
74
84
'
16%
15%
16%
25
13%
18%
.36
102%
104%
105%
11
101%
106
98%
29
91
102% 102%
1
98
1959
A-O
103 %
103% 403%
1975
J-J
104 'A
104
2015
J-J
1969
A-O
98%
99%
104
y
Term M 5s stpd
1952
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1st
J-J
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57
.
25
104 Va
98%
108%
__
107%
109
102
48
98%
1952
139%
144%
5
85%
79
78%
110
64%
80
81
30%
41%
96
■
100
72%
86
115%
.77 Va
38%
39% :
■
115%
1953
1st
&
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lst
AAdjustment
5s
Alst
gold 4s
lst gtd 4s
A
ser
50%
deb
>
92%
J-d
J-J
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&
fc
96%
94%
84
•96
39
318
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105%
74
*104% 105
90%
100
105
99
100%
~8
95%
102'A
5
-
83%
__
102'A 102%
93
94
93
95
12
98%
27
89
94
82%
96%
95%
95
'
\
—
;
99%
205
90%
92%
203
86%
5
105'/a
97
--
96%
98 Va
-
,
10
103%
■
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95
94%
102
81%
97
76%
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86%
105%
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106%
75
82%
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_
A-O
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J-J
82%
82%
80
45%
47'/a
307
76%
77
77
J-J
79%
46%
J-J
76
77
'
1944
A-O
1947
J-J
1955
m-s
.—1972
m-n
84%
81%
105
.85%
105
'-a'"
102% 102'A
J-J
1955
101%
101 'A 101%
F-A
104
103% 104'A
m-s
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28%
185
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68
117 >>
49
78
58%
16
77%
74%
1
88
104
105
107%
111%
102
102%
95%
102'/a
99
104'/a
1959
J-D
1961
J-J
95%
7%
32
95%
48
88%
96%
103% 104'A
Clear lst 4s
Laughlin Steel 3%s
107%
7
.
107%
58%
;
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109% 110
•*
36
•
3952
4s—1—1951
106%
--
77
A-O
Paper 5s.series A & B
84%
85%
J-J
1956
Teleg deb gold 4%s
Debentures 5s
Jones
98
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July 1952
6s
t A Iowa Cent Ry 1st &
ref
103%
106%
J-d
B_1986
13
105'/a 105 Va
J-d
97%
101'A
89%
*100%
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1963
89%
88%
105%
88%
*103
1950
Internat
52
98%
J-J
1956
Ref sink fund 6s
series A
Int Rys Cent Amer lst
5s B
Int Telep &
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;
51%
101
J-J
1952
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B
."Hydro.El
■
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J-J
1950
gold 5s series C
§ AInternat
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t
1963
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102'A
93
191
96%
105
75'
75
96
95'/2
103%
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99% 101%
94
89%
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F__1961
series
94%
105%
VV
»
80
96%
J-J
103
*100%
1963
D
.ser
104
—
96
J-D
1951
105%
103
100%
J-J
,1951
ref 4%s series C
ref
w
F-A
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gold 3s—1951
Gold 3 %s
1951
102%
3.0
104
*100%
——
•
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1950
17
104
M-N
i960
103%* 104
104
J-J
1953
67
47%
29
39'/a
lines 3%s
trust gold 4s
Refunding 5s—
40-year 4%s
85%
47%
49
5
99'/a
84%
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^
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..Alst
107%
69%
110
'
A-O
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60
71 Va
104'%
A-O
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50%
81
5
78
1952
66
91
F-A
1955
47
2
m-n
1957
A
Refunding 4a—,
Inland Steel
103
2
—
99 '/a
84%
1949
5s
Indianapolis Union Ry 3'/2s
103%
57%
48'%
—
143% 143%
-
M-S
lnd 111 & Iowa
110%
102%
69%
J-D
A-O
»-
108%
31
1962
J-J
1st.
108%
48%
m-n
Feb 1957
lst
income 5 s
t Alnd & Louisville
107%
3
*1097/a
—
J-J
Registered,
69
5
80'%
1999
Western Lines JLst
gold 4s,
100
7
25
M-N
1937
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68'/a
~1
*
Gas
Manhattan
68%
64%
1965
-
series G—1960
4%s
deb 2%s
Dul Miss & Iron Range Ry 3%s
1962
t§ ADul Sou Shore & Atl gold 5s—1937
Duquesne Light 1st M 3%s
1965
109
•9
103%
104'A
103
105%
94%
5
8
K
Kanawha ft Mich 1st
gtd gold 4s__1990
Kansas City Fort Scott &
16'/a
60
108
61
414
5 Va
61%
180
54'A
108%
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72%
73%
''
gtd
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of
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Kansas City Southern
Ry 1st
Ref ft impt 5s-
: ..."
103
103
107% 108%
•
60 Va
106%
59%
106
62
106%
1936
105 &
J-J
106
109
48
56
28
35
'
'
110%
100%
J-J
.1961
114
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unguaranteed—
Kings County El L & P 6s
Kings Co Lighting lst 5s
'
lst
&
ref
6 %s
i—II"
I.
.1961
105|',f 105
47
103%
.1964
M-S
91
89%
101%
92%
105%
118%
__
118%
68
__
79
101
106
104
102
102
__
—
173%
106
104% 105
6%
62
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182
2
105% 105%
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.1958
93
104
106
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J-J
102 %
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47
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106%
55
89%
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81%
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5
45
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■
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2
31
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1997
89%
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11
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:
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deposit
19
106'A
35
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— ,
__
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20
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108
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»
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•
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66%
16
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J-d
1950
67 Va
66%
M-S
1961
106
63%
J-J
A-O
1978
F
99% 104%
57% ;, 70%
108
Mem
F-A
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1970
Detroit & Mackinac 1st lien gold 4s 1995
A Second
gold 4s
1995
Detroit
106
105
,
*
J-J
Feb
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111 Cent and Chic St L &
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A
69%
-
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4s
12
1980
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Springfield Div lst gold 3%s
105%
57
66
*—
J-J
1936
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Edison
103
102
A-O
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109
1951
i
107
107% 107%
M-N
M-N
1973 :>
RR—
'
Detroit
105
9
106% 107
107%
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103%
106
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—1951
Louisville Div & Term
gold 3'/2s_l953
Omaha Div lst .gold 3s
1951
106%
47
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M-N
1993
3s
4s
gold
16
54
dlv
Light
Grande
112
15
1951
103%
103%
6
49%
48%
Co—
due
&
110%
105% 105%
debs———
Cairo Bridge gold 4s
108%
17
102% 102%
J-d
•
48
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A-O
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RR
137%
129%
14
111% 111 %
.
107% 108
Extended lst gold 3%s
1st gold 3s sterling
Collateral trust gold 4s
.
114
102%
59
48
—
Dayton P & L 1st mtge 3s
1970
Dayton Union Ry 3%s series B___1965
West
128%
121 Va
106% 106%
Feb
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123%
4
,66
j-d
—
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Delaware, .Lack &
111 %
119'A 123
11
■->'■ 5
■
105%
B
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106'/3
33
*46
48
receipts
ref
19
137%
137
129% 129%
106%
1951
108'%
110%
103%
>80%
—
receipts
B
series
J-J
receipts
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102
308
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;
82%
103
103
*57
48%
series A extended to
Si
122% 123
137'A
J-J
112%
69%
75
>102
103%
Deposit
A
ref
122%
■
J-J
107%
107'% 108
J-D
■A7%s
91%
■
J-J
1951
105%
105%
'110'%
J-d
1942
receipts
ACuba RR 1st 5s gold
2
.
J-J
1981
100
111%
105% 105%
107% 108
A-O
debs—
A
102
J-J
Illinois Central RR—
»
lst gold 4s
102'% $07
106'%
*68
M-N
.
21
105
69%
M-N
-——1950
I
s
Ohio
J-J
Illinois BeU Telep 2%s series A
107%
58%
105
M-N
I ACuba Northern Ry 1st 5%s
,
105
M-N
1st
104%
ft 6
—.
106% 106'%
Co—
Steel 3%s
102
1967
Ship Island RR—
A Ad J
108%
103%
269
104% 105
J-J
mtge 3%s
105%
114
107% 107%
J-J
1950
Crucible
981
107
109%
102% 102%
J-D
1955
f debs
50
89%-
1970
mtge inc 5s series A—
lst
Co
90
108
107%
J-J
.
12
__
—
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4s
s
50
'39%
.
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105%
103
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4s
2%s
20
105'
40
109'/a
74%
22
122% 123
J-J
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75
104 «/8 104%
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deb 3%s—1951
non-conv
50 %
73
103%
—i960
L
ser
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Mobile &
&
,
77
122%
A-O
*
1958
conv
75%
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■■
.
r
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65
105% 105 %.
J-J
1950
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105% 106%
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F-A
1948
3%s
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14
47*'
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F-A
-
1961
3%s
Co
80
108
109% 111%
106% 107
M-S
Consolidated Edison of New York—
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3%s
Debentures
Hudson
__
A-O
-1958
s
4
25
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r
J-J
1953
3%s_
Conn River Power
3%s series 1—
3'/aS ser K~i
mtge
Gen
f§AHousatonic Ry cons gold 5s
Rudson Coal lst,s f 5s series A
94%
100
M-N
1961
1st
68
36
50%
J-D
J-J
Hudson
83 >
101%
11
107'/a 107%
106%
A-O
3s series L
1977
Conn Ry & L 1st & ref 4%s—-—-1951
Crane
>V' \6>:
J-D
1980
5s
73
104
*100% 105
1977
1952
Hocking Valley Ry lst 4%s—
/; 112%
107
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mtge
1st
89
„
♦lll'/a 114%
Commonwealth Edison Co—
tAConsol
107
127
108'% 108%
*107%
A-O
Columbus & H V 1st extl gold 4S—1948
El 3%s
1970
3%s
93%
A-O
1945
deb
71
104%
50
-
—
1947
GuJf States Util
•
92%
F-A
Columbus & Sou Ohio
1st
8
Ry.—
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Columbus & Tol
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112
M-N
1977
Deoenture 5s
69%
j~-J
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104%
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108%
1972
modified)
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4%s
111
*
93 '/2
1973
gtd 4s
& Southern
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112
«.
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,1948
Series D 3%s gtd
1950
Clevc Short Line 1st gtd 4%8——1961
Coal River Ry 1st
75
57
103
5
49%
104
I—
1934
112%
102
ft
f 4%s series C
55%
108%
1969
s
69%
104%
J-J
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109
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Cleve Cin Cine & St Louis Ry—
1st
73
J-J
J-J
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98
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gtd
101 Va
13
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J-J
1973
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128'%
99%
70
J-D
.—„_1949
of-.deposit—
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98
1966
series B
105%
128%
117%
120 Ve
103% 103%
M-S
1970
*
100
1967
5s
1
•
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106%
I
1962
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*
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—
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1943
s
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111
1st
&
1949
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&
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"
105
Term
69
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•
105% 107%
103 7/a
Union
Berg Co
inc
Gen mtge
99%
1963
Oleve
104
39
127%
-
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M-N
■
92
1963
Cleveland
100%
104%
102
.
94%
83
93%
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3s—-—
88
117
i-
104% 105
M-S
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Cleveland Elec Ilium
112
103 %
—
128% 128%
J-D
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1st
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1959
1974
•
-
99%
—
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J-J
•
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95
—
1st
Cincinnati
lst 4%s
Grays Point Term lst gtd 5s
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G
113
106%
100
-
,
69%
J-D
Dec 1 1960
guaranteed 5s
a Certificates of
80%
47%
20
J-D
*
1st 5s—1960
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JgAGa CatQ & Nor lst ext 6s
103%'
16
719
.
70%
J-D
Memphis Div 1st gold 4s
65 %
21
1951
—1951
Chic T H & Southeastern
78%
192
99
62%
of
Certificates
:
83%
M-N
J-D
3'/as
-1961
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Realty
conv
t A Georgia
M-s
Chicago St L & New Orleans 5s_—1951
.Gold
99 % 101%
99
-
deb-
1958
♦
99%
A-O
•
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Gen
*86
.
—1934
98 %
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—i-
26%
F-A
1988
,
of deposit
gold 4s.„,'
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A-O
deposit
deposit
97%
25%
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.
stpd
paid_
part
J-J
of
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97%
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95%
*
income 4l/aS
conv
2
119
96
97%
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106%
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,
117%
117% 119
F-A
Jan 1 2000
98
:
•
101
107
117%
116
JChic Milw St Paul & Pac RR—
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AConv adjustment 5s
1971
Francisco Sugar coll trust 6s
13.9
J-J
-
F_—May 1 1989
series
247
117%
j-j
3%s
mtge
& Rub
Certificates
'
J-J
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112% 113%
109%
•
101
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103 %
105 '/a
6
110% 112
__
101
M-S
,
tAFlorida Cent & Peninsular 5s—1943
>
92%
—
113%
J-J
2015
1964
3'As ser E
lst
Firestone Tire
.
f
May 1 1989
112% 112%
112%
'
J-J
Low
102%
"l
106% 106%
;
83%
94
j-j
AGen gold 3%s series B„May 1 1989
AGen 4Vas series C
—May 1 )989
AGen 4'/2s series E
May 1 1989
AGen
Div
:>
__
J-j
Range Since
January 1
Sold
No.
* 102 % 103%
__
A-O
A-O
.
,
Bonds
High
95
88%
83
Friday's
or
Bid & Asked
Co—
mtge inc 4%s series A
lst consAntge
.
JChicago Milwaukee & St Pftul—
4s
Railroad
Erie
140
100
87%
88
M-N
I860
Chicago lnd & Sou 50-year 4s_^_1950
AGen
*
stamped.
Ry—
ARefundlng 6s ser A
ARefunding gold 5s series
.A
69
M-N
2038
Louisville
&
22
j-d
M-S
1970
1965
1965
—1962
Empire Gas & Fuel 3VaS—
1997
(conv>
Chicago Si Erie 1st gold 5s
1982
Chicago Gt West 1st 4s series A—1988
JChicago
114'/a
RR—
;
—1950
Elgin Joliet & East Ry 3Vis
23
114 % 114%
F-A
mtge 3%s
Eastern
Last
Sale Price
High
111% 114%
114%
105 % 105%
F-A
1st &
ref
Exchange
Elec .Auto-Lite 2'As debs—
1958
1st & ref 4%s series B
Chicago &
Stock
Low
Chicago Burlington & Quincy RR—
General 4s
York
Interest
Period
New
January 1
Low
i
Week's Range
Friday
BONDS
Bonds
<>.
Bid & Asked
•-
7'/a
105%
109
4
105%
110
105%
5
102%
14
4%
8
108%
1
.1997
S5SviTt,wJv4 ^ Ga
Ed El 111 (ny)
lst
Dlv lst 53
1958
M-N
gold 5s
*118% 119%
1993
J-J
116%
319%
*156%
151
157
cons
For
footnotes
see
page
2356.
—,
Lautaro Nitrate Co Ltd—
J-D
.1997
J-D
.1975
Dec
109%
109
109'A
6
105%
110%
107
107
107
4
102%
108
60
61
7
50
61"
THE COMMERCIAL &
Number 4389
yolume 161
YORK
NEW
RANGE
Interest
Exchange
Last
Period
Stock
York
New
Sale Price
Bid & Asked
Low
Lehigh Coal & Nav s f 4V2s A
1954
Cons sink lund 4V2s series C_.__1954
J-J
Lehigh & New Eng RR 4s A
A-O
1965
1945
■<., 1
1954
1st gtd gold 4s
Y
Lehigh & N
Coal Co—
fund 5s
Lehigh Valley
& ref sink
1st
stamped—
5s
105%
'
'
i-
N Y Gas El Lt H
17
104%
106
5
104%
105%
7.
104
105 3la
3 a
F-A
*97 ¥4
99%
ret s'nk fund 5s
^____.1964
ref sink fund 5s
&
'.
—-
92%
■
—■
F-A
1974
stamped
5s
F-A
1964
stamped
5s
1st
*
ioo%
100 y#
Leh Val Harbor Term
1954
F-A
Valley
1950
gtd 5s
Y 4!/aS ext
N
Valley RR—
4s stamped
modified
4s registered...
4V2S stamped modified
4Vis registered,....
*5s stamped modified
87%
Y
N
M-N
3Vis
3%s
-ANon-conv
deb
4s
deb
59
61 ¥4
39
45%
681/2
485
50
4s
68%
60
63
50
47
63%
M-N
70
74
55%
74
91
92
74
•
A-O
1949
M-S
—1949
M-S
4s series A
gen
Island unified 4s
ref gold 4s__
L.ong
¥2
151
■
'
M-S
1951
F-A
1963
A-O
1969
(P) Co deb 5s
Lorillard
—
106%
J-J
107
119
debentures
3s
Louisiana
Ark
&
series A
1st 5s
Louisville
'
'
•'
•
103%
.
103
105%
105%
107
2003
A-O
2003
A-O
Unif mtge 4s series B ext
1960
J-J
Paducah & Mem Div 4s
1946
F-A
ref
&
1st
3%s series F_.
M
Div 2d gold 3s_i
St Louis
1980
.
1st gold 4V2S
Montg
Cine Div
Atl Knox &
1945
;_1955
4s
107%
105%
10
105% 106
Manati
ser A
\
•
7,v"
N Y Queens El Lt
Wat Sew & Drain 5V2s
1950
*§AMet West Side El (Chic)
4s_.1938
Central—
Jack Lans & Sag 3%8
92
80 Vi
75
90
*88'/a
104
105%
104% 104%
17
102%
101% 101 %
4
99%
102 Vi
20
16 Vi
24
23%
*
106%
24
M-S
50-vr
ext
Paul
inc
86%
89
9
107%
4'/2s
lien
90
series
71
73 ¥4
335
87%
88%
179
91%
J-J
1978
J-J
?
87%
J-J
series
debentures—
Power 1st & ref 3%s
Montreal Tramways 5s ext
(John) & Co 3s debs
3Vis
1st gtd
Constr M 5s series A
Essex
4 Vis series
B
3Vis
Fuel Gas 1st gtd 5s-.
States T & T
9%
;
106
71
81
77 ¥4
9
¥2
89
2
106
108
105% 106
M-N
107Va 107%
76%
42
23
23
11
11%
1943
M-N
98
98
1
93%
98
1967
J-J
14
107%
110
1st 4%s
1946
J-J
362
25 Va
1st
1
5s
gold 5s
& Bost
107% 107%
36
33Va
34
24
36%
1st
Central
ref
&
!Ref
2047
2047
J-J
J-J
impt 5s series D
Northern
1st mtge 3Vis
Ohio
Oklahoma
442
99%
110
107
109
55
93%
109
106% 109
106
93%
109
106
8
1051/2
107
102
103%
107%
110
106
*102'/a
<>
108
«*•
27%
56
20%
105V»
20
103%
106%
100 ¥2 100 Va
12
100 Va
100%
100% 100%
12
100%
100%
12
102V«
103 Va
1
102y8
105'4
6
103%
105%
23
104%
106 ¥4
1975
F-A
100%
J-D
102%
102% 102%
1946
J-J
J-J
103% 104
A-O
'
105%
105 Va
105%
f
92%
86
Pacific
Coast
87
Pacific
Gas
.* 3 Vis
registered
coll gold 3 Vis
,3Vis registered..—,
Mich Cent
series
3Vis series
see
page
E
2356.
107 Vb 107 ¥4
J-D
108% 108%
1955
J-J
107Va 110
Paducah
88
86 ¥2
88 ¥4
72
72%
90%
Panhandle East P L 3s B
86 %
88 %
230
72%
90%
Paterson & Passaic G &
M-S
90
88%
90
79 ¥2
90
106%
107
Pennsylvania Co—
Gtd 4s series E trust ctfs
29
mtge
& 111
1960
E cons 5s_1949
1952
A-O
1 /■
107
108%
111Vz 111¥2
2
111%
113 ¥8
105% 105%
105%
J-D
6
105%
107
J-J
*102%
:
1
•
'
M
100
101 Va
76%
148
81%
83 ¥2
48
69 ¥4
84%
75%
76
M-N
82
M-N
76%
77%
52
,69%
79%
»
'
j-r»
.
_
108%
.'1 109
1
109 ¥2 109 Va
•
J
.,
1st
109%
109 Va
110
4Vis
104%
103% 104
23
108
107% 108 ¥4
17
107
108 ¥4
102 ¥4 102 ¥4
F-A
10
102 ¥4
105
105 ¥2 105 ¥2
4
105
106 ¥4
105%
*112 ¥2
101%
112%
__
—-—1948
M-N
M-N
A-O
F-A
J-D
J-D
A-O
J-J
Consul
4s
124%
F-A
M-S"
112%
Pere
100%
mtgo 4 Vis series
deb 3'As
114
115%
123%
126
100
100%
108 ¥2
114%
■■
■
■•
12
124% 125
—
■X/:': 4
J-J
104 ¥2
106 ¥a
107%
107 ¥» 107 ¥4
8
104 ¥a
108
J-J
107%
107 Va 107 %
6
104%
107%
108
108
106%
*104
:
.
:
'■
—
77
—
80
98%
96
96 ¥2
80
97%
80
*85
>
—
92 ¥2
$
•
/<
81
12
83 %
101 ¥4
J/:;
99
83
—
101%
'
'<
96%
105
—
94
91%
1966
A-O
102%
y-
103%
104%
1st s f 4s
deposit
Phillips Petroleum 2%s debs
*§ A Philippine Ry
ACertificates of
Beriis
Series
311
82%
92%
Series
91%
388
78%
94
Series
96%
97 %
199
87
104% 105%
39
T—1 O O
'•
105
93%
94%
*88 %
91%
92 ¥4
.
89
99%
r:
97%
107%
105
20
__
87
97
83
37
91 ¥2
94
82%
95
81%
99
102%
103%
13
105 ¥s
106%
13
106 ¥,
109
102% 103%
34
100%
104 ¥4
104% 105
29
104%
107%
107%
109
102% 102%
106 ¥4 106 ¥4
106 ¥2
103%
105'/a
112%
114
__
109%
111
—
105%
105 ¥a
108'4
110%
••••
'110%
106 VB
108%
—
._
..
105%
107%
107 ¥2
107 Va 108
52
107 Va
108%
106%
106% 107%
18
106%
107%
108%
108% 108%
10
107%
108%
108%
108%
108%
3
107%
108%
104 ¥4
104 ¥4
104%
25
104 %
105 Va
126% 126%
10
1241/4
128 ¥a
122% 123
49
118%
106% 107%
122%
■
124%
132% 133 ¥2
13
126%
133%
52
126 VB
126
126
126 %
45
118%
118%
105 ¥4
105% 105%
29
103%
105%
104%
104 %
104%
28
102%
105%
108 ¥4
108%
2
108%
109%
86%
87 ¥2
19
78%
52%
54%
34
A-O
Apr
F-A
M-S
54%
99 ¥a
61
105% 105%
18
99
99%
*
F-A
J-J
J-J
J-D
M-N
M-N
\
1974
1937
J-J.
----
—-
1964
F-A
99
100
36
105%
106 ¥2
138
131 Va
105% 108
103'/a
3
102%
103
103 ¥4
9
101%
104%
103
103
1
101%
104 %
245 '/a 250
76
203%
104%
255
*105%
104%
104%
*106'% 106%
M-N
M-S
v
57%
107%
128 Va
107 ¥2 108
103 Va
—
1962
90
49%
131 Va
*130%
'246 ¥2
Apr 1964
%
136 ¥s 139
107 ¥2
126 Va
106%
*106
J-D
107
*106 ¥2 106%
52
St Louis—
guaranteed
—1945
1949
F 4s guaranteed gold——1953
G 4s guaranteed
1957
H cons guaranteed 43—1960
I cons 4¥aS
—-—1963
J cons guaranteed 4V2S..1964
D 4s
Series E
91%
*86%
107
125% 126%
Pittsburgh Cine Chi &
90 ¥2
n
109
110%
107
125%
1963
deb 3s.
debentures
89%
90%
A-O
3s
100 ¥2
100
*100
91
6s income
V
133
Reading Coal—
&
mtge
Philip Morris Ltd
Series
—
F-A
1977
1961
1971
1967
gold 4¥as series C
Philadelphia Co coll tr 4¥»8
Phila Electric 1st & ref 2%s
1st & ref M 2%s
1st and ref 2%s
1
General
107 V8
108%
14
y;
—
M-S
Dodge conv 3%s deb_.—..1952
Phila Bait & Wash 1st gold 4s—
General 5s series B
1974
Beries
101'%
101
95
15
92'%
—
J-J
Pekin
&
11
'•
106
107
15%
29%
270
21
25%
10
15%
25%
103
103'%
7
101%
103 Va
101'/a 101 ¥2
101%
102
106% 106'%
29
23
103
29%
88
'
F-A
A-O
77
81
10
96
*94
F-A
86
100 ¥2
96
96
A-O
4s
107%
108
J-J
1985
1947
—1060
Apr )i90
Union Ry 5¥28
1974
Ry 3%s ser D
1980
mtge 3%s ser
Philadelphia
70
11
83
81
81
A-O
E
105
104%
A-O
1981
1984
1952
cnoips
J-J
M-S
J-J
A-O
F-A
A-O
4s
Marquette
101%
95
*100 '/a
.
Peoria
96
107 ¥2
F-A
F-A
F-A
F-A
gold
sterl stpd
F—
Peoples Gas L & C ref 5s
Peoria & Eastern 4s ext
Gen
44
*_.
M-N
Conv
36
v
J-J
J-J
F-A
F-A
dollar—^..May 1 1948
Gen mtge 3%s series C
1970
Cons sinking fund 4%s
1960
General 4Vis series A
1965
General 5s series B
1968
.
101 ¥a 101%
J-J
J-J
——1974
debentures
Alncome
*107
J-D
A-O
J-J
3Vis
Pennsylvania RR—
Gen
96%
103%
'
1968
—1969
D
ser
Power & Light
General 4%s series D
'j-D
,
3%s
ref
&
Penna
102%
62%
M*.
76%
76
J-D
M-N
96
100
100
M-N
■'■//;
108
108
107%
31
104%
'104
M-N
J-D
3%s_.—1960
Pennsylvania Ohio & Detroit RR—
1st & ref 4Vis series B
1981
Pennsylvania Glass Sand
'
102%
108%
32
106%
M-S
Pacific Tel & Tel 3%s
101
105%
106%
*106
M-N
88
1965
series D
A-O
1966
41
100% 100%
..1965
1951
RR 3 Vis A
gold 4s
1966
90%
14%
J-D
1978
1975
D
series B
3%s sefies C
1st s f gold 4%s
72%
Chicago & St Louis—
series C
106
73
J-J
1997
1998
.1998
1998
1998
106 ¥4
141
2013
registered
coll gold 3Vis
J-D
ser
543
Ref
.
3
10614 107
1974
3s
M
403
2013
Shore
106 ¥4
L
ref
88 ¥4
M-N
1997
J-D
J-D
37
1998
3Vis
Hud River
1966
1970
1971
88'%
1945
C
107% 107%
106
*102 Vb 104'/a
86 Va
—
series A
3%s series I
ref mtge 3s series J
ref M 3s series K
&
r
J-D
J-D
.1946
Co—
Electric
35 ¥2
A-O
—
gold 5s
Co -1st
&
86 Va
%
,
103% 103%
1940
5s;
conR
29
26%
105 Va
37
'
83
27%
88%
'
1
100%
F- A
'
deposit
series
footnotes
110
105%
88 ¥2
M-S
1954
5s
ref
109
M-S
•
Oregon-Washington RR 3s ser A..1960
74%
—
4Vis series A
&
105%
A-O
J-J
A-O
deposit
imot
3 %s
M-S
M-N
1958
impt
1st
87
.1946
1st cons gold 5s
Short Line
91
deposit
&
Dock
266
108 ¥a
M-N
1956
&
Connecting
105%
109
M-S
deposit
C
Ref
Y
71
gold 4s
'Guaranteed stnd
1st
1954
Ref
Y
11
Electric 2%s
&
58 y4
108
87
215
82
F-A
....1974
1975
& Nav con
33
A-O
114%
72%
87
82
F-A
.1948
4s__—
mtge 3s___
Gas
RR
Oregon
70%
—
gtd 4 Vis
N Y Edison
*'
1964
2%s„.
mtge.
616
deposit
series A
N
1st
Edison
82
*105
'
—
85 yB
87
O
guaranteed
A 1st
>
54
.1947
series D
N
115%
136
118%
106'/a
175
124
108%
-
^
XOgdensburg & Lake Champlain Ry—
51
1965
1966
1951
1958
2000
.1955
—1955
1968
B
3%s
1967
1974
mtge 2%s
53 "2
Newport & Cincinnati Bridge Co-
mtge
„
.
,
1st & ref mtge 3%J
(Minn)
23
'
4%s
Co—
Power
States
136
124
•
*113
Q-J
62
48
136%
133%
13
117% 118%
%
M-S
*
&
118%
109
AGen
4s
*121%
Q-J
100
47
48
*135
M-S
-
J-J
1st & ref mtge
Mexico Ry—
Inc 5s series A
1935
RR
M-S
1974
89%
114
136
136
136
2047
6s
1st &
F-A
*■
*34%
impt 5s series C__
&
Ref &
/
■
series B._
impt
47
fNew Orleans Texas &
Central
A-O
U
—
104
33
1953
of
A
'
105¥a
84 ¥2
.1952
ACertificates
Ry 1st gold 4s_1996
1974
62
'
J-J
91%
.1983
5Vis
62
F-A
2047
00%
.1974
of
59
A-O
Q-F
95%
1961
ACertificates
15
Q-A
72%
.1986
of
98 Va
2047
81
1945
4Vis
108 Va
98
98%
J-J
1997
2047
83%
1952
ACertificates
109%
107
1961
registered.
ry & Id gold 3s.___Jan
registered
Ref & impt 4 Vis series A
64%
1948
of
109
1
2014
3s
68
.1945
series
6
107% 107%
1998
4s
80 ¥2
*
Certificates
109% 109%
" A-O
& ref 5s
gen
4%s series
72
1965
series
Western
&
88 ¥2
.1954
of
M-S
1955
A
series
84
1949
A Certificates
4%s
mtge
86%
.1960
SANon-cum
1966
& Ont Pow 1st 5s A
Ry Co—"
Southern
90%
N
For
74%
F-A
82 ¥4
.1978
lien
4%
5
194U
gold
88%
196b'
6s
1st
483
89
107 ¥4
84
H
Montana
Ref
23%
235
9 %
8%
88%
26
F-A
ref 5s series I
mtge 4Vis
Ref
17%
23%
21%
»/4
52%
89
V
84 ¥2
—
&
York
9
108%
105%
A-O
-1949
1980
1981
Moh'k & Malone 1st gtd gold 4s—1991
Monongahela Ry 3Vis series B
1966
Monongahela W Penn Pub Serv—
5Vis
& ref gold 5s series
A 1st
New
73 ¥4
107%
9
1975
1977
1978
G
A 1st
3 Vis
*23
2
108
108
M-N
4
1st &
4s
ref
Lake
61
18
1965
ref 5s series F
&
5s
:
98
26
¥2
72%
J-D
D
&
M
98
16
5%
J-J
1962
A 1st
Cent
25
191
41
Ore
1962
ref 5s series A
gold
12
98
116%
120
11%
14
16
*9%
1990
4s
A 1st
Y
434
73%
75
1st
98Va
5s series a—Jan 1967
adjust
AGeneral
14 Vi
16
^Missouri Pacific RR Co—
N
36%
70%
RR—
series A
5s
40-year 4s series B
Y
33 ¥4
lllVi
75
5
89
J-J
1971
1991
A
ser
& Texas 1st
Prior lien
A
inc ser A
4s
nitge
General
34%
71%
105
Sault Ste Marie—
&
4 Vis
mge
series
5s
Missouri-Kansas-Texas
N
M-N
J-D
70%
107
98%
109% 109%
109%
A-O
105%
U
—
104
103
J-J
Q-F
A 1st
36%
87
40
(Wise)
M-S
A 1st
93%
71%
86 Va
74
NoriolK
*100% 102
1949
"
84 ¥a
•
F-A
Niag Look
106%
1962
^Minneapolis & St Louis RR—
A 1st & ref gold 4s
5s
75
52
73%
86 V«
J-J
A-O
Niagara Falls Power 3Vis_.
*60
*105
3042
97%
A
63%
J-J
t§AN Y West
92
—
104%
A 1st
56''a
J-D
'Gen lien
10
5s
71
269
75
Y Telephone 3',4s series B__
N
90
37
A 1st
68%
J-J
A Terminal
82V4
68
115
Mutual
71
1937
'§ A General
—
86
90
Vi
30
82
*101 Vi
115
Mountain
69
67%
M-S
Ref &
81 Vi
81%
119% 120
Constr
69
67%
v A-O
Northern Pacific Ry prior lien 4s__1997
J-D
&
M-N
1992
1st 3%s__
Corp
Norfolk
V'8
J-D
Morris
148
69
J-J
;_1065
115 ¥a
"2
1939
Morrell
71
& Pow 3%s
114
M-N
1951
A§Consol ext 4Vas
1st
57
AGen mtge 5s conv inc
t§ANorfolk Southern RR 5s A
t§AMilw & Northern 1st ext 4,/2S._ 1939
AConv
71
69%
1963
Steam
1st
1952
1979
Michigan Cons Gas 1st mtge 3V2s_1969
f § AMldland of N J 1st ext 5s__
1940
&
57%
1993
101 ¥4
M-S
gold 3 Vis
Ref & impt 4'/2s series C
1st
98
..1955
101 ¥2
F-A
1st
a
71
¥2*
1937
Y
Micnigan
a Cum
68%
gtd 4s
cons
100
A-O
Prior
69
f§AN y Susq <fc W 1st ref 5s
5ASJd gold 4Vis—
Gen
A-O
1955
Metrop
Kansas
J-J
1967
...
1st
101V4
115% 115 ¥s
M-N
Mo
4s
102 ¥a
M-N
1959
(Southern Lines) 4s
RR
AGen
70%
56
56
Si West ref gold 4s_-
10112
*101%
•
.
M-N
Metropolitan Edison 1st mtge 27/Bs-1974
A 1st
58%
18
99
1954
*101 ¥2 104
•:
M-S
1953
Elee RR & lit s f 5s
St
43
69
1
1957
*101 ¥4
'•
J-D
RR 41/28
McCrory Stores deb 3V4
Minn
70%
96
68 Va
of 1927
110%
M-N
&
&
105 Va
69 %
1940
107
105%
J-D
ARef
91%
68%
.1948
107 %
•"
I960
A Manila
84%
15
96
94%
67
.....
104 ¥2
105% 105%
M-S
coll 4s ser B
1954
Sugar 4s sink fund—Feb 1 1957
Maine. Central
A Manila
41
104 % 105 %
67%
4s___
& Putnam
North
mtge
112
113%
W.W
3%s_...1956
2
110
M
1st
108%
110%
M-S
1956
6s_
15
110
110
M-S
"
Mob &
2
12
Nashville RR—
61
ref 3^4S series E
1st &
5
106% 106%
—
Y
105%
56
103 ¥4 104
116
A-O
4s
AGeneral
119%
7
105 ¥4 105%
'■
103%
M-S
Louisville Gas & Eltc 3V2S——1966
'<
M-S
...1955
& ref 4%s series
tAN Y Out
'
'
112
t A Harlem River & Port Chester—•
N
108
107 ¥a
2
119
119
41'-*
'
■
111%
106%
*107¥a
*-
A 1st
N
106%
•7
107% 107%
107 ¥2
121
109 %
__
"■'
93%
132 '/a
119
'
4s
deb
A Debenture
1st
127 ¥4
2
11
119% 120
*112%
79
41
132% 132%
''
'
1
M-N
stamped
'•
A-O
Guaranteed
V
91%
A-O
19G2
1949
%
...
110%
1947
j a Collateral trust 6s
61 ¥4
63%
61
96
High
113%
109%
...1954
_
certificates
Debenture
a
•66
63%
M-N
M-N
m-N
Low
112 ¥4
12
113% 113%
1973
4s
deb
deb
96%
47
112
*105
J-J
J-J
January 1
4
109% 109%
1947
deb
91
557
66
109%
112
M-N
2043
series A
4s
ANon-conv
74
80 ¥2
\
v
1973
West
ANon-conv
68%
——
.*
62
66
....
1951
Miami
&
AConv
Liggett & Myers Tobacco 5p
L.tie
Lack
-ANon-conv
,
Lehigh
2003
2003
2003
...2003
...2003
Lehigh Valley Terminal Ry ext 5s_1951
Lex & Eastern 1st 50-yr 5s gtd____1965
2000
2043
;
4Vis series B___.
,90
68
■
gold 3%s
F-A
Range Since
Sold
No.
High
112% 112%
*N Y New Haven & Hartford RR—
91%
1
Bonds
Friday's
112%
J-D
1949
series B.
-ANon-conv
93
88 %
23
88%96 ¥4
95
'
93
89%
87 ¥4
91 Va
87 ¥2
J-J
Lehigh
0
__
__
91 ¥2
1974
93
•
92 ¥a
*88Va
___
Harlem
&
Mtge 4s
'
1st &
Y
N
1948
.
Mtge 4s series A
>98
13
& Pow gold 5s
Purchase money gold 4s
100
100%
—
99
991/2
■
105
99%
*99% 100
or
Bid & Asked
Low
Low
104% 104%
:
-
M-S
1954
...
105
32
Sale Price
January I
No.
Hiah
Week's Range
Last
Period
'
105
Friday
Interest
Exefcen**
York Stock
New
Range Since
Sold
105% 105%
'
J-J
MAY 25
UUA1)»
Bonds
Friday's
or
2355
,
BOND RECORD
WEEK ENDING
Week's Range
Friday
BONDS
FOR
FINANCIAL CHRONICLE
3¥2s gtd gold
1970
1975
Gen mtge 3%s ser E
1975
Pittsb Coke&Chem 1st mtge 3¥28.1964
Pitts Steel 1st mtge 4¥2s
1950
1st mtge 4Vo series B
1950
Pitts & W V% 1st 4¥2s series A
1958
1st mtge 4%s series B
1959
Gen
mtge 5s series A.
Gen
mtge 5s series B
1st mtge 4¥28
Pitts Young
series C
& Ash
gen
^Pittston Co
.—1962
——1974
J-D
J-D
J-D
A-O
A-O
J-D
F-A
J-D
1977
1964
J-D
J-J
1960
1st 4s ser A—1948
5s series B
1st gen 5s series C
tst 4%s series D
1st
5¥2 inc deb
*
M-N
F-A
J-D
M-N
F-A
F-A
M-N
J-D
A-O
A-O
M-N
101%
106%
107
*113
113%
113%
*114%
113%
114%
*114
*
123
*123
133%
133 ¥2 134
24
126%
124 ¥2
126
124 ¥a
128%
134%
135 ¥« 135'%
129 ¥a
135 Va
5
105
107%
103% 104
3
101 Va
104
105% 105%
4
104
106%
104 ¥4 104 ¥4
105%
1
106% 106%
5
104%
106%
27
84%
98
94
02%
94
93 %
93
93%
8
84 ¥2
98
93%
32
84%
98
92%
106
*106
106
*122
*120
*117
100
100
100
94%
100
,
Monday, May 28, I945
THE COMMERCIAL & FINANCIAL CHRONICLE
2356
NEW YORK BOND RECORD
RANGE
Friday
BONDS
York
New
Stock
Interest
Exchange
or
Sale Price
Friday's
Bid & Asked
Portland
Gen
EH
Potomac
1st
1st
Pwr
4%s
1st
Elec
3ViS
M
1966
Car deb
Terminal
F-A
1957
102%
1
Sale Price
—I960
F-A
—1961
J-D
—1953
2%s debs
Oil of Calif
Stand
104
J-J
101
103%
c
1959
6
25
35%
Superior Oil 3%s debs.
—1956
Swift & Co 2%s debs-
1961
M-N
1956
M-S
*100'/a 107'/a
103%
103%
J-J
*110 '/b
110
mtge 3s
1972
*
107%
5s
2037
2037
3%
Corp
15
103%
103
.106% 106%
3
105%
105% 105%
8
105 %
105 Va
107%
106%
104% 1041%
J-D
1
104 %
106
110%
112
108%
mtge 8s
Oil
High
105%
106%
22
110%
M-N
debenture
Low
103%
103% 1041/a
104%
M-N
2%s
No.
1031/2 103 Va
108%
Sunray
Range Since
January 1
Sold
Hiah
*104% 105
yZ
107%
34 %
Bonds
Friday's
or
Bid & Asked
Low
~7
102% 103 Va
34
Last
Period
*113
M-N
Interest
High
1968
* A Providence
4s
70
108 5/8 108%
1951
5s
IA Providence Securities 4s
Low
;-'V'r
Stock Exchange1
January 1
1027/a 103%
J-J
1977
mortgage 3V«s
Pressed Steel
102%
M-S
—1960
Sold
No
Hiah
Low
York
New
Range Since
Bonds
Week's Range
Friday
BONDS
Week's Range
Last
Period
WEEK ENDING MAY 25
FOR
Public Service El & Gas 3V4S
1st
&
ref
1st
St
ref
mtge
1st
&
ref
—
108'/a
—
J-J
*151%
—
J-D
*230 »A
—
155
..'i
155
224%
—
230%
Terminal RR Assn of St LouisGen
refund
Ref
2%s deb
Quaker Oats
1964
*101'/a 102
J-J
&
Ref
101%
100%
&
Texas
1959
A-O
deb
1st
107 %
128
M-N
107
128
105
109%
105
106%
107%
108%
130
140
■3
106 Va 107
139
126
24
107% 107%.
J-D
1
23
139%
-
7
Gen
Reading Co Jersey Cent coll 4s
Remington
Rensselaer
&
1951
Rand deb 3%s
Gen
(4.7%
JSARio Grande
A 1st
for
coll
&
cons
West
106%
106% 107%
28
102%
106% 107
10
106%
107%
'96U
gold 4s__1939
1st
4s A
trust
1949
11
104%
ref
5s
series
B
1977
A-O
105%
105% 105%
31
100%
&
ref
5s
series
C
1979
A-O
105 %
105% 105 %
36
100
&
ref
5s
series
D
1980
J-D
105 %
105% 105%
13
3%s__1974
J-D
Gen
108
2
103%
105%
116
98 Va
109 Va
107% 107%
due_1975
1945)
&
Gen
107%
107
Texas
Copper & Brass 3V*s
Revere
A-O
J-J
RR Co-
Saratoga
mtge
__1956
M-N
103% 103 %
J-J
100
A-O
dlOO
70%
106 %
d69%
72 V8
77
69%
105%
105 %
99%
105%
Pacific-Missouri—
Pac
Tenn
Third
Ave
AAdJ
79%
107%
22
106% 106%
1965
2000
gold 5s
106%
—
128
F-A
.
Pacific
*107%
-1950
Ft Smith 5%s A
Company 3s
ei
*111% 112%
J-J
J-J
2019
C—
ser
debentures
3s
Texas
J-J
1953
gold 43—
imp M 4s
TcXarkana
R
f
s
impt mtge 3%s series B—1974
Tol &
RR
of
New Orl
Ry 1st
ref 4s
Ohio
Cent
89
A-O
Jan 1960
ref & impt
.103% 103%
86 Vi
90
J-J
1960
income 5s
53 %
53-
103
5
55
54%
103%
86%
21Q
3
94%
51
104
f
601/2
.1977
*125%
M-S
*110
mtge
M-S
*109%
mtge
.1969
M-S
*109% 110%
.1934
M-S
67%
68
.1949
J-J
23%
23%
.1941
J-J
25
26
4%s series D
mtge
3%s series H
mtge
3%s series I
3%s series J
& Louis 1st 4%s
JARut-Canadian 4s stpd
tJARutland RR 4%s stamped
Gen
Ark
J§AR I
F-A
Union Electriq Co of Mo 3%a
1971
M-N
(Chic)
1945
A-O
29
29
8
20%
3s
1959
F-A
104
104
1
103%
105%
103% 103%
1
103
105
105% 105%
42
Toronto
M-S
.1967
.1967
Gen
Gen
Gen
Ham & Buff 1st gold 4s„1940
Gas & Elec 1st gold 5s
1949
Tri-Continental Corp 3% debs—1960
Corp—
J-D
Union
Elec
&
3%s__1960
t§AUnion Elev Ry
Gas
Rochester
—
25
„
—
108%
'
108%
108%
•
Baguenay Pwr Ltd 1st M 4V!iB—._1906
Jos & Grand Island 1st 4s
1947
St Lawr & Adir 1st gold 5s
1990
51
gold 6s
-—--—1998
tSt Louis Iron Mountain & Southern—
River <fc Gulf Division
2d
Certificates of deposit
a
16
23%
,17%
Louis
tGt
4s
of
of
ACertificates
102%
79%
58%
1950
J-J
62
1978
M-S
45%
99%
3
99%
92%
57%
62'A
312
59%
61 %
44%
46
43%
45%
;
65%
51
Louis-Southwestern Ry—
4s bond certificates—
1989
1st
4s
gold 5s series A
ref
&
1952
1990
& unifying 5s
| A 1st term
A Gen
Nov 1989
boud ctfs
inc
Paul & Duluth 1st cons gold 4s_1968
Bt
P & K C Sh L gtd 4%s
JSASt
1941
1971
3%s B—
Paul Union Depot
St
Air Line Ry—
tSeaboard
37%
18
37%
48
Ctfs of
F-A
54
Va
Va
series
of dep
ACtfs
of
(Chemical Bank)—
1 § a Atl & Birm 1st gtd 48
1933
All Fla
t A Seaboard
Oil
Union
2%s
debs—
A-O
108
A-O
Bell
Tel
&
108
108
109%
42
101
3%s
Southern
A
Gold
4%s
1969
Gold 4VaS
42%
South
Pac
1st ref gtd
RR
Bouthern
Devel
&
&
&
Mem
1st
Div
Southwestern
1st
ref
&
gold 5s__1949
101
Z;
gold
J-J
Petroleum
RR
A-O
Apr
93%
87'A
1st
Bell
3s
Tel
series
49 >A
Ltg 5s
Western
67%
Pacific
109%
108
104
123
101Va
15
115
103%
108%
West Shore
;4
101%
103
101%
.
102%
—
Wilson
&
Co
1st
75 V*
103%
Winston-Salem
106%
106% 106%
14
106
107%
fAWisconsin
126
A-O
105% 106
J-J
109
'■
AV
103% 104%
97%
98%
9 V
ACertificates
130
107
1st
of
323
85
105
107
108%
92%
107'A
107%
107
107%
106% 107%
106%
107%
20
105
107 %
107 Va
106
35
105 lA
108
101%
103'A
M-N
J-D
M-S
M-N
J-J
J-J
4s
86%
104%
106%
123
85 %
82%
131%
86%
82 Va
,
81
83 %
A-O
J-J
105'A
*117%;
194J
J-J
86%
M-N
33%
"
15
•
35%
85 Vi
;
105%
105 Vt
117% 117%
78
'
182
79
85%
19
38'A
20
108
*—
88
79%
37 Va
*107
110
—
'
2
34%
*31%
A-O
J-J
86%
33
__
1968
a.
——•
—
85 %
deposit
104%
81
■
84%
110%
104
—
104% 105 »A
104% 104%
—
87%
74%
109%
'
'
*110
M-S
1971
78%
30
'
■
107
-
35%
-
106
«...
108%
109
'
110 Va
100 %
105
33
107'/a
*103 Vk 103'A
M-S
1930
/
97
98 Va
84
2
110%
106%
98 Va
440
117%
107%
7
1958
Wisconsin Public Service 3%s
98 Va
106'A 107
■
187
1951
|ASu & Du div & term 1st 4s
ACertificates of deposit
Wisconsin Elec Power 3%s
99% 100'A
17
107% 108
1970
104 'A
117
107%
5
108'A
102
106%
,2
■
105%
101 Va
102% 104%
1960
108'A
71
105%
108
1950
4s
110%
85%
173
108
60
3
104%
1949
108
92%
365
98 Va
Central
:
H
117
117%
106% 106%
A-O
2361
105%
"9
109%
117
102%
J-J
i960
mortgage 3s
1st
100
May
1951
guaranteed
S B
101%
6
70*
108'A
,2361
66
89%
99%
1977
Registered
1103
*130
J-D
J-D
100
.
84%
1
2014
Wheeling & Lake Erie RR 4s
Wheeling Steel 3% series C
6
"
90
/
-36
*
101% 101%
70
•
1st 4s
39
88
101
*102% 105%
*101% 102
J-J
1952
94%
>A
*102% 103'A
F-A
1967
A
ser
;
101%
F-A
1966
'
" "'-.v'Z 1
98%
inc
90
53%
75%
75
103%
4%s
87
Q-M
1950
45
97%
105%
J-J
106%
106
106%
100
Youngstown Sheet
& Tube—
1st mtge s f 3 Vis series D
I960
M-N
105
104% 105%
104%
47
106%
.
a
130%
130% 131
1950
A-O
101 Vi
100% 101%
A-O
115
A-O
120%
i998
J-J
1964
J-D
108%
1968
J-J
48
116
107'A
*122
128
95%
150
Hi
65
119% 120%
J-J
1951
ASpokane Intemat 1st gold 4%s__2013
109%
118
101
■
103% 103'A
M-S
stpd gtd
29%
105
3V»s B_„
102%
112%
93
M-S
gtd gold 3%s__2000
46
:V;:
42 %
A-O
1955
3 Vis
ref
Apr
Western
92%
105%
C
98%
106%
107
F-A
195a
mtge 3%s
Penn Power 3 Vis series I
Western Maryland 1st 4s
1st & ref 5 %s series A
47%
78%
40%
A-O
1991
Gen
39%
__
v
100%
1956
8
*122
1971
4s
mtae
Union Telegraph Co—
Funding <k real estate 4%s
25-year gold 5s
30-year 5s
Westinghouse El & Mfg 2%s
M-N
4s
106
„
*104
1981
A
B_
ser
1st
103%
J-J
series
West
66 Va
J-J
5s
gold
107%
104 %
IOIV2
*114%
2003
gtd 5s
inc
3 %s
Westchester
-
67'A
...1950
1st
109'A
104%
119
*116
M-S
Washington Central Ry 1st 4s
1948
Washington Terminal 2%s ser A—1970
49%
52%
1994
6 %s
gen
Div
5s__
6s
gen
Louis
8t
M-N
107
1
109'A
104% 105
■
1st cons gold
gen 4s series A
Devel
Warren
110%
53 Va
1955
4s—
Va.'l09
■ ;no%
81
J-J
Ry
Devel
:
,
109%
16
A-O
Stamped
mtge
Warren
65'A
*89
F-A
M-N
1st
inc 4%s series B
mtge
1st
39%
155
66
1950
1st 4s
Term
Gen
131%
66
1981
Fran
San
130%
64%
M-S
M-S
1968
F-A
108
*105
104%
1958
1st
4s
Waiworin Co
65%
Co—
(Oregon Lines)
B
Coke
81
65 Va
64%
•
Pacific
4 Vas
1st
Gold 4 VaS
&
A
series
5s
mtge
39%
12
102% 102 Va
—1979
g 4s
series
Coal
cons
86%
''..
102 Va
1962
debentures—
107
W
86;
:
45
48%
J-J
1963
M-S
1955
107
104
.
106
89
1.
49
47%
65%
V
J-J
1964
gtd 5s
Tel
,
105'A
87%
108
1961
i—
cons
& Southwest
1st
56%
104%
102%
--'..v;;
VV;
108% 109%
48 %
49
F-A
3s
'
108
48%
F-A
South
40%
189
14
134
108
48%
M-S
1950
Si Nor Ala RR
S:':'
108
A-O
tlASllesian-Am Corp coll tr 7s.....1941
Bkelly Oil 3s debentures
Socony-Vacuum Oil 3s debs
South
-
103
1954
2%s sinking fund debentures
1959
debs
104
5
108
F-A
1957
3%s
106%
3
105Va 105V4
A-O
1958
97%
*89
ctfs——1935
1955
91%
72
•
103
deposit
6s A
72
'
*48'A
1945
Pictures
f 4s
s
Iron
.
54%
130
(Guaranty Trust)—
of
__
105%
103
dep
ACertificates
97%
57
108
A
3%s debs
105%
105% 105%
105%
116%
87%
126
109
1959
Biscuit
Gen
.
53
A-O
(Chemical Bank)—
dep
ACtfs
Shell
110
M-N
—195u
29
Wabash RR Co-
J-D
M-S
1950
4s—
6s
cons
91%
95'A
dep (N Y Trust)
of
ACtfs
•A 1st
87
94
6
•
'
1989
stamped
of deposit
| A Refunding
v
91%
108
8
96%
94
)J;J
Certificate
a
a
J-J
96'A
%
J-D
Cons
48%
114 Ve 114%
96%
113%
V
.
§ a 1st gold 4s unstamped
ACertificates of deposit
| a 4s gold
M-N
J-J
.1952
Bchenley Distillers 4s s f deb
Scioto V & N E 1st gtd 4s
1980
3%s series A
mtge
Vandalla RR
V
64%
1,013
26
105
A-O
M-N
62%
51
J-J
1971
62%
48
13
60 %
776
1947
grant 4s
1970
Universal
•
A 2d
111%
1
99
48%
-A,:';
59
56%
deposit
103
105%
RR—
land
Ref
4V
102%
98
101%
105%
—
112% 112%
•4-J
35-year 3%s deb
103
56%
ACertificates of deposit stpd——
ISt
Pacific
&
1967
United Drug 3%s debs
28
*97
5s
deb
debentures
1st
86%
102% 102%
J-J
Calif
34-year 3%s deb
90
102% 102 %
J-J
A
103%
81
1
90
106%
103%
of
Oil
United
M-N
1955
B
4%s series
M
ACons
90
deposit
5s series
lien
104%
'
*87 Va
—1950
A
ser
ACertificates
APrior
J-J
9
Francisco Ry
San
lien
APrior
103%
A-O
ZZ
*105%
U
27 Va
Union
106% 106%
——
L Rocky Mt & P 5s stpd
St
-
1933
Stamped
4s
§ a 1st
A-O
5
M-S
70 %
6
70
J-J
101 % 101 %
105
109
17
38
St
104 »/a 1041/2
J-D
Trenton
'
;
„
—
104 %
117
Included
in
the
n
year's
not
ranee
d ix-intAr«at
included In
the year's
int
«
"
range
range,
r
nnt
>*ia
Cash
r uua
sals
120%
122%
~5
108
108'A
15
108
2
107
ssssnssuisi
109%
107% 107 %
",otaaoB *"
107%
*
Apr
not
Under-the-rule sale
range,
y Ex-coupon.
116
116 Va
33
,
delivery sale
Included In the year's
range,
not Included in the
year's
101%
107% 107%
107%
Deferred
*62
106
64
108
57
the
65
«
ABohds
selilngaflat?Sked
"on.al.ed
n° S&leS bdng transacted durinS
M.
tl .<
current week.
NEW YORK CURB EXCHANGE
WEEKLY
AND
YEARLY
RECORD
toNo.T—"sr„ r srr?nd
In the
May
19,
include
u.
following extensive list
and
ending
the
every security,
present
we
furnish
Friday
whether stock
or
complete record of the transactions
a
(May
25,
1945).
It
compiled
Is
STOCKS
York
Curb
Friday
Exchange
Week's
Range
ACF-Brill
Wire
Motors
co
warrants™.
common
Supply Mfg class A
Class
.
Shares
A ins worth
Loio
l
6%
Jo
IZZ_1
B
29
Air
Associates
Air
Investors
Convertible
common
Inc
(NJ)
common
preferred
I
fl
j
a
Hid
7%
30
80
2% Jan
13%
4%
4%
13
13%
12%
12%
3
3
1,100
1,500
York
Curb
Jan
32
Apr
Jan
22
Apr
4
May
9%
Jan
300
12 % Mar
300
2% Mar
36% May
Friday
Exchange
High
7% May
27%
5'A
Jan
3% Mar
37 %
■
Aireon
Week's
Last
Apr
Alabama
$6
•*
„
Saturday
on
to
Electric
Great
Power
Appliance_Z_ZZZZI_..3
Southern
Co
$7
;
.
Shares
6
-
Range Since January 1
High
Low
5%
6
10.000
5%
6
5%
preferred
"*
2,400
3%
160
99%
Jan
10
Jan
8
Jan
131 %
X125
May
131 % May
•
common.ZZZZZZZ
X125
High
8
Apr
116% 116%
50
preferred
Alles & Fisher
Allied Tntl
for Week
of Prices
Low
5%
Sales
Range
Par
Mfg Corp.
Air-Way
Alabama
Feb
14 Va May
13%
IMf.
/
Sale Price
Low
2,800
year.
STOCKSNew
Hiah
^
for the week beeinnlns
MAY 25
Range Since January 1
19
4%
Mfg
ENDING
for Week
of Prices
Par
Aero
WEEK
Sales
Last
Sale Price
Acme
FOR
Exchange
entirely from the daily reports of the
Curb Exchange itself and is
intended
bond, in which any dealings have occurred during the current
RANGE
New
the New York Curb
on
Investing $3
cnnv'nfdZ
115% May '.
117% Mar
106
107%
6%
41
Jan
Jan
Jan
10
Apr
.
Feb
48
Feb
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4389
Volume-161
NEW YORK CURB
2357
EXCHANGE
I
-
RANGE
Week's
Friday
STOCKS—
Shares
A
Class
common
conv
Altorfer Bros Co common
Aluminum Co common
preferred
S%>
Goods Mfg
Aluminum Industries common
Aluminum
Ltd
Aluminium
common
preferred
67c
American Beverage common
Book Co
Central Mfg
American
American
Range Since January 1
High
Low
s,High
38 Va
150
29
Jan
38
200
30
Jan
39
May
814
Jan
9
Jan
4,600
41
%
42%
36 %
Jan
400
112%
Jan
117
19%
Jan
21
Jan
1.100
86Va
Jan
21
103% 105
109% 109%
150
86%
49
49
49%
180
46
—
16%
17%
900
42%
Apr
26
Jan
109% May
1% Mar
2%
Mar
HERBERT E. STERN & CO.
Jan:
50%
MEMBERS
Feb
THE
OF
46%
48%
250
~5%
6%
2,800
41 Va
42%
5,700
38%
Jan
44% Mar
A
%
iV
11,800
aa
Jan
6
46% May
52
43%
Jan
48%
7%
Mar
Jan
21
2 l'/a
600
36%
36%
36%
5,300
113%
175
113
113%
IOVb
10 Va
10Va
44
44%
Jan
Jan
8%
41%
113%
Jan
10%
23%
35%
44% May
51
24%
Cable Electric Products common
Feb
Jan
Mar
Voting
Cables
trust
35
35%
19%
20 Va
4,800
17%
Jan
21 Va
27
27
27
■400
25%
Mar
California
69
69
650
Apr
Jan
28
100
Mfg( Co common
70
Mar
Calllte
100
Preferred
Maracaibo
Potash & Chemical
32%
51
~3 Va
34%
200
46
--
~3%
34%
1%
46 Va
275
;
60,100
Jan
1%
Jan
10
2
Amer Superpower Corp com
10c
1st
$6 preferred
*
$6 series preferred
•
American Thread 5%
preferred—___3
American Writing Paper common
•
Anchor Post Fence
2
Anglo-Iranian Oil Co Ltd—
Am dep rets ord reg
£1
15 Va
Republics
Seal-Kap
American
1
•
pfd—100
1
Angostura-Wupperman
Apex-Elec Mfg Co common
Appalachian Elec Pwr 4%%
Argus Inc
15
6
common
15%
Apr
H
%
129
129
24%
25%
Jan
16% Mar
4%
Jan
6% May
12,800
U
Iff
129
13%
.
%
Jan
25
120%
Jan
129
May
Jan
27
Apr
5
Mar
10%
Apr
Capital
Feb
Carman
,
25%
18
3,500
4%
4%
4Va
1,100
4%
Jan
9%
9 Va
9%
1,300
5%
Jan
%
Car
5%
5%
5%
1,500
3%
s:
Jan
Canadian
6%
A
18%
"3 3 a
—
"3%
27%
co
1
28
1,200
Class
B
8
8
130
8%
4
111%
3,100
Jan
7%
May
$6
Jan
Jan
9%
W)
5% May
Castle
33,800
Jan
5% May
Catalin
Corp
10
10%
10%
1,500
Central
Hudson
Maine
110%
18
18%
2.50
19
Va
2,400
xl7
American
dep
rects
8
7%
8
1
£1
reg
7%
1,600
"vu
"l%
10Va
170
~8Va
8%
Atlas Corp
75%
Corp
Products
1
Plywood
Automatic:
Automatic
•
Machine
Voting
(B F)
Avery
common
3
25
1
& Sons common
6%
preferred
Ayrshire Collieries Corp
20
20%
2%
2,500
10%
Feb
12%
9,300
17%
Jan .;
22
14
13%
14%
10%
25 V
875
Jan
Jan
b
;i
37
13%
12%
14
42'A
41%
42%
_—1
12%
12%
12%
—1
~3%
1% "3%
5,200
18
17%
29%
1,000
30
preferred
17c
Rubber
Baldwin
2,800
37
Jan
Barium
Steel
Barlow
&
Corp
Seelig
Mfg—
8
1
-*
100
1
A common.
Basic Refractories Inc
(L)
Baumann
V
common—
1st preferred
Ties
7%
Brummel
Beau
10
1
100
Mills Inc common
Beauni:
Aircraft
Bellanca
common
Bell Tel of Canada
&
Benson
200
■
Hedges common
'
:
300
6%
4,300
—
■
10 Va
10 Va
20 Va
25
25
4
Blckfords
Inc
4%
'■i
100
4,100
v;
200
31
;;32
290
~2%
"2%
"2%
11,400
1
16%
16%
16%
50
13%
14'/a
1,700
28%
31%
13,000
Fdy & Mach Co com..*
*
common
Bohack
7%
W)
common
(H C)
£
Co common
1st preferred
Borne
Scrymser Co
Bourjois
Inc
Bowman-Biltmore
7%
1st
$5
2d
Breeze
100
*
•
1
,1
*
-*
*
preferred
Traction Lgt
Corp
& Pwr
common
Aeronautical
Brewster
Bridgeport Gas Light Co
Bridgeport
Brillo
Oil
Co
31%
4%
2,600
54
54%
250
21
23 Va
4,400
4%
4%
23%
5%
Jan
>
7 Va
-11%
125
Mar
3%
10%
Jan
25
5'/a
30
46%
15
11'
Co
Jan
51
Jan
57%
15%
Jan
23% May
3%
9%
Feb
Oil
Co
Jan
120
Am
American
dep
Am
36
Jan
36
British
ord
rets
14%
Jan
2
Apr
48
Feb
~1%
"iVa
3,200
36%
700
34%
Apr
4%
1,060
20
Jan
23%
Feb
17%
18'A
1,900
15
Jan
19
Feb
4%
5%
5,800
3 Va
600
2%
3%
5%
Celanese
Amer
British
Columbia
Class
"7%
8
900
7% May
7 7c
35
May
35
21
Jan
22 Va
150
'Class
$5
21 %
6
Bruce
6E L)
Bruck
Silk
$5
Burrv
Butler
400
24 Va
25%
2.400
~4%
$6
Co
"4%
~5
2,700
36
common
&
5%
Mar
6
Mar
21
11
preferred
&
Biscuit
cp
Hi
25
dep
114%
2.50
12 %o
25c
common.
see
*10%
page
22%
114
13%
2%
rets
Corp
footnotes
22%
_•
*
Sullivan
Corp Am
36
36
200
2361,
24
78
74%
78
420
2%
Jan
Feb
7%
Apr
5%
Feb
Jan
27
Feb
20
Feb
26 Va
Apr
Feb
93
3%
33
5%
Jan
Jan
■*
Apr
IOVb
Jan
Jan
Mar
37
Mar
Feb
&
Crown
"<%
$6
4 Va Mar
13%
2,300
8%
Feb
13 % May
Jan
12%
16'A
Jan
19%
50
122% 122%
..
; 100
37%
13
20
r
•
•
128%
;
Feb
-;
I1/#
110
1,300
Jan
16Va
Jan
117
Feb
Feb
Feb
21% May
Jan
11
119
Jan
132
May
'
500
12
12% May
110% Mar
123%
Feb
8% Jan
10
120
11%
Apr
Jan
9%
Feb
Jan
22%
Feb
3 Vb
Apr
..
10%
«
•
,
700
19%
100
2%
2%
6,100
1%
Jan
13%
13%
800
8 Va
Jail
38
38%
.1,225
43
2%
13 Va
38 %
1
'•if
U
9
20%
43%
20 Vb
.
5%
4%
12%
12%
4%
14 Va
13%
14% May
35%
Jan
40% Mar
150
28%
Jan
46 % Mar
I,100
3%
Jail
12%
250
11%
Jan
5%
10,100
4%
Jan
15 VB
6,500
8
■
May
5Va
Jan
7%
34% Mar
41%
5%:
5%
5%
5%
1,300
39 %
36%
39 %
2,200
85
83%
85
8,300
1/64
32%
32%
200
27 %
Jan
1%
1%
2,300
ll
Jan
13'/a
13%
13%
600
•
1%
1%
1%
200
5Va May
; 13
-
'
May
6Vb
Feb
16 Vb May
Jan
32%
l'/a
:V.
25
Apr
May
1%
Jan
85
Mar
11%
Apr
10%
76%
77 %
11%
1,100
77%
1,000
50
67%
Jan
Jan
116
117
118
108%
160
5%
Apr
106% May
1,075
43Va
Jail
65
9 Va
10%
9,700
8%
Jan
10% May
Feb
115
4%
Jan
2,300
13%
Jan
8%
1
112
18%
18 Vb
18%
100
19%
;
•
•
112 Vb
112
18%
7%
8
30
18%
100
108%
Iff
•
102
1
3
3
34%
50
•
28%
1%
10
9%
16%
__25o
C 3%
5
1
*
6
(Md)
Petrol
Refining
A
i
common
preferred
Sugar
Cuban
Tobacco
common
Curtis
Lighting
Inc
Mfg Co
common
23%
Jan
114%
700
111%
Jan
400
10%
Jan
54,800
1%
2% May
Davenport Hosiery Mills
3
Jan
5V4 May
Davton
29,200
4%
Jan
6%
Mar
Class
28
•
10
8
•
28%
1%
10%
1%
9
,
"/■
10
9%
10%
16%
3%
17
2%
38
38
24%
38
26%
26%
14
(Mo)
Ja.i
U
^b
84
2%
33
14
21% May
Jail
4
Jan
109
Jan
Jan
3%
38
Feb
Feb
Feb
Mar
200
9%
Jan
IOVb May
7,000
25%
Mar
31% May
5,700
1
Jan
1,200
9
Mar
7% Mar
II,100
15
350
1,300
_.
~2%
Apr
200
100
21.300
10o
>
Jan
3 Vb
Jan
25%
3%
Apr
Jan
30
225
30
113
h
1,700
Apr
2 Va
Jan
32
Apr
22% Mar
13%
Feb
1 Va
Feb
11 Va
Jan
10% May
19 Va
4%
27
4%
49
Feb
Feb
Feb
Mar
May
28%
Jan
18
Jan
4% Mar
2.50
I
6%
Jan
Jan
13%
Feb
10 Va
14% May
Jan
9%
reg)__£1
Feb
9%
2
35%
Jan
6'A
19% May
20%
»900
3 VB
May
3% Mar
25%
Jail
14% Mar
102
117
Jan
15
1,900
~3%
1
Jan
May
8 Vu
....
6,675
8
P
50
International
Jan
6%
63%
20,600
Co
Jan
6%
6 %
(ord
7Vb
60%
5%
10c
receipts
Jan
110,
6%
61%
Jan
preferred
77% May
118
1,600
18 Va
common
Feb
12'/a May
700
:
2%
Jail
21%
Co
13% Mar
7 Vb
20%
preferred
Apr
2Vb Mar
43%-Mar
•
—
Jan
35 Va
Apr
107
118
May
10'%
Ltd—..8
& Machine Co
dep
Jan
Feb
1
85
41%
10%
*
100
Jan
71
610
Jail
20 Vb
2%
4jj
;
7.300
•'>: 375
2%
3,800
114%
14 Va
100
1.200
14
Apr
~2%
11 %
24
38
~2%
Milner & Co
Oil
Feb
12'A
500
Feb
Apr
34%
13,400
20 '/a
12
21
122 %
Jan
■
126% 128%
..
112
700
38
12%
38
:
19
Co
Atlantic
Jan
2.500
100
10
Cent
Cuban
Mar
5%
4%
19%
1
Drug Co common
convertible preferred
Crystal
Mar
30%
01J
Cork
Crown
May
30%
Apr
—
100
Petroleum
Crown
"
78
Apr
Corp.
Steel
Brewing
Apr
10%
__1
Smelt
Curtis
12%
65
12%
4%
13 %
Stores—.._....1
Retail
Petroleum
Crowley
Mar
4%
1
Utilities
convertible
Croft
Mar
Apr
4% May
'32
22
105
Co
Reynolds
American
Apr
22
•
&
122%
H APr
21
—
*
10
Power
v
preferred
18,800
875
14% May
Feb
1
preferred A
Creole
Apr
"
24
.
East
4
24
Courtaulds Ltd—
Apr
9%
Ltd
122
3%
118
25
1
Inc d
Cosden
Apr
22
91
common
Mills
Hill
For
22
Jan
...
Distillers
Co
Niagara
1st
Burma
100
;~6%
6%
...A
Buckeye Pipe Line
$1.60
6
24%
preferred....:
Rubber
Bunker
Feb
19%
2 VB
Forman
Buffalo
50
21
prior preferred
Brown
21%
—
A
Brown
Jan
1
Service
Biscuit
Range
Corr'/on
May
22% Mar
19%
—
A.
common
12'%
5%
Cornucopia Gold Mines
Coro
22% May
20
.108
class
Power
Wire
300
warrants..
Southern
Fdy
prior
Copper
Jan.
Mar
B
Brown Fence &
Apr
14%
14%
n
~7%
Ltd—
dep rets ord reg
Apr
106% 106%
23%
*
Cook Paint & Varnish Co
Apr
10%
Feb
17
_£1
May
107
10
25
•
10
Continental Gas & Electric Co
Jan
23 >/a
'
10
120
Apr
122
warrants.
preferred
Royalty
Continental
Feb
Feb
10 Va
Jail
3%
.——........100
Si
Textile
7% Mar
Mar
7%
107
.
10
118% May
120
Arms..
Gas
Consol
26Va Mar
Electric—
Mining
Consolidated
19%
Jail
104%
1
preferred
8%
May
35
& Iron
Jan
70
,.100
...r
114% Mar
Jan
2,600
__
1
Consolidated
Apr
Jan
35
_£1
reg
9%
106%
*
....4
common
Water
Consolidated
May
Tobacco—
rects ord bearer..
dep
9%
ordinary
Consolidated
Apr
32
Feb
14 %
—
5
Gas & Coke Secur common
5%
British
8
..1
Consolidated
19% May
Jan
110
50
Jan
3,800
8%:
8
10
4%% series B preferred
47c preferred series C
Mar
5%
115
24
25
Consol G E L P Bait common
31% May
May
May
May
8%
1
...
Public Service
Consolidated
Feb
13
Jan
Jan
•
common
A
American
$3
15% May
Mar
15.%
Conn
Apr
49
100
common
Fire
19
Feb
1,000
17%
17
17 %
100
Compo Shoe Machinery—
V t c extended to 1946
Mar
17
2,030
Jan
112
49
33
42%
100
32%
48
18% May
Mar
110
50o
29
3% May
Jan
Jan
28
12
32%
48
..100
Utensil Co..........*
Gas &
Community
Jan
1%
16 Va
preferred
100
.......100
ser
Co
Commonwealth
2% May
Jan
Jan
"1%
:
34,900
100
Co
preference
5 7o
Feb
46
Mar
1%
%
5%
3%
Corp
Plow
Patent
Colt's
Apr
12%
18%
pfd
77c
Utilities
Airlines
Columbia
Jan
149 Va
May
Jan
Coal
Colorado Fuel
Feb
140
3%
Light
Development
Colonial
May
1,200
22'A
3%
1
common.....
Aluminum
Cockshutt
Jan
19
'
3%
pfd—100
Neon
Colon
Mar
Jan
9
18%
•Club
Feb
119
36
•
5%
Products
West
Controller
Clinchfleld
18% Feb
15% Apr
18
22%
Jan
100
Lights Inc
Clayton & Lambert Mfg
Cleveland Electric Illuminating
3% Feb
;
117
117
6%
,<*
com
pfd
preferred—
preferred B.—..........
Claude
Feb
*
Mfg
Class
British
*
100
25
*
•
common
preferred.
Brazilian
12%
Apr
Feb
3
10%
—
1
Blue Ridge Corp common
1
$3 optional convertible preferred—•
Blumenthal (S) & Co
*
(E
corp
Coinmunity
1
common
Birdsboro Steel
Blauner's
10%
145
.
Power
Aircraft Co
Clark
12% May
36% Mar
preferred
Berkey & Gay Furniture
Apr
Feb
106
/(
7%
Auto Stamping
City & Suburban Homes
Apr
8% Mar
...
•
.
6
6
18
Convertible
Bliss
15%
43
Jan
10% Jan
.
convertible
$1.20
10%, Jan
41
9,800
V
shares
American
&
South
Elec
&
City
May
Andes—
los
de
Banco
Co common
5%
$6 preferred BB—
34%
for common
warrants
Gas
Cities Service common
Jan
Baldwin LocomotivePurchase
300
1
Consolidated Mining
IChilds Co preferred
60c
34%
*
& Wilcox Co
5%
10
Co
America
Chief
Feb
18%
16% Mar
5%
1
Chicago Rivet & Mach..,
May
26
Jan
5%
Chicago Flexible Shaft Co common
Jan
.15
6%
;—*
......
Cherry-Burrell common..
tVChesebrough Mfg
Feb
6% May
V
Jan
preferred..*
com
pfd opt div
Cuuiit.
May
18%
Apr
Jan
23
1,600
25%
14%
r
5%
1,800
6%
25
12
1,300
6%
6%
Jan
6
Chamberlin Co Of America...........5
3% May
6,600
100
•
pftl opt div ser
Cessna
83% Mar
3 Va
21%
12%
/
Conv
Feb
0%
•
preferred
1%
$6
Babcock
A
Steel
Power
101% May
11%
6%
1
York
&
Conv
12 Va
11%
11%
5
1
Forge
Ohio
Feb
Jan
6%
...»
gCent Statea Elec 67c
Mar
l'/a Mar
17
Apr
26
25% May
•
Power
Central
Jan
10
Jan
101% May
7% Apr ;..:;
58% Jan
200
3% ;
3%
warrants
Drop
Atlas
«*.«*
Jan
3
X 10,500
75%
9%
50
Co
Feb
%
1,000
10 Va
1
h-*.
—
'
Line
&
of
New
Central
Jan
9%
Apr
9%
1
•
•
Atlanta Birm & Coast RR Co pfd—100
Atlantic Coast Fisheries
1
Coast
M)
Central
Co
class A
& Tel
Associated Tel
Atlas
23%
(A
Central
113% May
Feb
Mar
Electric Industries-
Associated Laundries of America
Atlantic
Feb
Jan
100
Co
Jan
11
8%
108Va
•
(J
3%
10% Mar
Jan
Apr
Alcohol-
Products...
3%
:
8%
25
„
22% May
Jan
108%
—
preferred—
14,800
10 Va
6% Mar
20
^
common
Foundry Ltd—
preference
Casco
5%
Refining
Ltd
8%
-
100
Carter
114% Mar
v
5%
&
Jan
Carolina Power St Light $7
5
Oil
8%
100
•
4%
Associated
1,500
common
5Va
Arkansas Power & Light $7 preferred.*
Ashland
8%
class
Co
4%
Equipment Corp
Apr
8
Products
Co
&
Central
Aro
10 Vb
Marconi
City
•
preferred
6%
10% May
Jan
preferred
•
A
Jan
6%
voting
non-voting
class
Common
4% May
7%
1,600
Co
&
Natural Gas common
Arkansas
Jan
200
9%
5
non
Carnation
Feb
28
Jan
3%
4%
10%
4%
Industries Ltd—
Canadian
20% May
Jan
3
20% Jan
300
111% 112%
111%
.
May
9%
Class B
1
3% May
4%
voting
Canadian
•,17c
4
Jan
10%
Industrial
Class
Feb
Jan
1%
1
preferred
400
2
2.400
10
1
Cement
6%%
Canadian
4,000
6
5%
4.000
3%
£1
Corp.
Participating
American
4
pfd
Estate
Insurance
Fire
Apr?
48
3%
50o
Power...
dep rets 5%
Electric
Tungsten
Canada
3% May
3%
3%
50e
certificates
Sugar
Camden
Apr
35
Jan
41%
Calamba
Apr
105%
i
Jan
31
American
36% May
Jan
100%
1
•
•
Co
American Meter Co
High
Wireless—
&
19%
1.150
Low
High
Apr
Jail
18
350
Low
Range Since January 1
Shares
of Prices
Feb
47% May
22
Last
Sale Price
Par
Sales
for Week
Week's
Range
Friday
Exchange
36 Va May
111%
125
C&rb
York
21% May
Jan
700
44%
17%
31
New
25
preferred
American
21%
EXCHANGE
CURB
Jan
Jan
4
STOCKS
Cyanamid Co common
10
Foreign Power warrantsAmerican
Fork & Hoe common
•
American Gas & Electric
10
4%%
preferred
100
American General Corp common—lOo
$2 convertible preferred
1
$2.50 convertible preferred
1
American Hard Rubber Co
25
American Laundry Mach
20
American Light & Trac common
25
American
YORK
New York 5, N. Y.
% Mar
—
&
American
NEW
17% May
41 Va
23
25
1
„
A
American
6 %
request
May
30 Pine Street
Class B
American
Dividend Records
on
Jan
xl07
<
11% Jan
—
with Long
Feb
15%
21
New York Curb Exchange Common Stocks
Feb
100
113% 114
104%
List of
39% May
38
42
38%
& .wight—
Cities Power
Convertible
class A
American
Class
Low
10
23
*
•
100
*
•
*
100
1
100
1
MAY 25
for Week
Par
(Mich)
Products
Allied
WEEK ENDING
Sales
Range
of Prices
./.v..
Exchange
Curb
Last
Sale Price
York
New
FOR
Mar
D
Feb
Rubber
A
Mfg
convertible
Vph
•
1
35
3.000
150
EXCHANGE
NEW YORK CURB
FOR WEEK
RANGE
Curb
Range
Last
Exchange
of Prices
Sale Frlce
Loth
Mig
uciiuibon
A
class
Gasxet
,
9%
Feb
Hartford
Feb
Rayon
16
21
3,000
400
—10
—
28 %
;
nil
24
19
18%
850
28'/a
19
1,400
Harvard
18%
Apr
Apr
21%
Jan
Hasselune Corp..
Hearn Dept Stores common
Jan
Jan
7% Mar
Jan
34% Mar
Apr
263/4
Feb
Feb
117/a
Apr
18
Jan
28% May
13% Jan
20% Mar
Class A
Heller
Dpminion Tar & Chemical Ltd
Co Ltd
Dominion Textile
Ruober common
17'/a
18 %
600
11%
9an
18% May
273/4
28 'A
500
20
Jan
30% May
Hollinger
43/8
43/4
1,100
•
"25
Duke Power Co
;
100
28 Va
Apr
Horder's
7%
Feb
Hormel
6
3/4
Apr
79'/a
II10
80
100
43
79'/a
43
50
...*
H%
11%
common.
1
common
4
Horn
82%
Feb
Horn
38 Va
Jan
50
Jan
9%
Jan
95
Apr
13
67
4'/8
1,900
500
ll7/.
14%
Jan
Co
88 %
2 Va
Jan
500
78%
Feb
1,725
46%
1,300
1%
150
47% May
58
47
May
57
Feb
48
44%
48
12
11%
12
20
19%
20
13%
13
13%
3,300
150
17
Jan
20% Mar
Imperial Chemical Industries—
Am dep rets regis
Jan
137/8 May
38%
39
23%
66
250
25 Va
9,200
V
69
2,025
17/a
1%
45 >A
443/4
9
17/»
5,800
1,025
46
300
9%
Jan
Jan
753/4 May
Jan
108% May
63%
31%
39
200
8,600
12
Jan
7 %
preferred
Jan
Apr
Jan
1%
43
Insurance
473%
Feb
International
32%
May
68
May
Apr
13%
Feb
May
4%
5C0
16
Apr
17 Va
Jan
38 V4
Feb
16%
17
47'A
45%
45
23
22%
1,800
23 Va
4,500
10
72
527/a
65%
V:
7%
77/8
2,600
X26% X26%
7%
75
Jan
5%
Jan
1,000
22 Va
8
Jan
26%
50
22%
Jan
67/a
6%
7%
1,500
37/a
Jan
28 %
4%
4'/a
4%
300
117/a
11 Va
11%
1,500
27
7
General
Public
Service
General
Apr
3Va
Jan
34
4 Va
$3
Petroleum
11% May
17%
Jan
13%
•-
May
20
250
23%
550
173,8
Jan
25
Apr
70
20
553/4
Jan
73
77
Jan
98
Corp
Coal
Mfg
common....
Graham-Paige Motors
Nop-voting common stock
1% 1st preferred—
Home
Corp
(F Lj
50
1
•
1
Equipment
preferred
$7
•
34 % May
20%
Feb
24% May
6%
1
—
7%
'
10 '/a
•
"
16
May
Jan
22
Mar
19'A
Jan
21% Mar
Mar
13
9
2,600
2%
Jan
3%
Jan
«
Feb
2%
2%
31%
250
23
Jan
31% May,
52 %
] 50
51%
Jan
53% Mar
52'%
"
:
22%
v
1,200
1%
Jan
1%
Feb
200
/17%
Jan
36%
Apr
2,500
HA
32%
1
1,400
'
1 Va
1% '
33
%
Jan
1%
Feb
33
1 Va
-
23
22%
Jan
23 Va Mar
9'A
Jan
10 %
1
Jan
4
19
775
'9%
9%
200
2 %
2%
2%
1,300
Feb
4% Mar
6
6
1,600
Jan
6 % May
13
14
5,600
UV4
Jan
14 % May
5%
1,200
4%
Jan
106%
150
104
Jan
107%
Feb
109% 109%
20
108
Jan
110%
Apr
111% 112
90
114
Feb
6
13%
5%
5%
pfd__100
preferred
•
106
—100
100
;
Julian & Kokenge Co
„
XIO8V2 Mar
6%
Feb
—
preferred
Kidde
21,700
3%
Jan
6 % May
1%
Jan
3%
119
Co—
&
34%
1,200
8'A May
20%
211/2
100
65%
65%
65 V2"
55%
55 %
55%
1
pfd B
20%
100
Kings Co Lighting 1%
5 % preferred D
Kingston
Products
Kiiby Petroleum
5
4%
4%
4%
7%
8
1%
21%
600
(D
Feb
142
20
132
Jan
145
Jan
Knott Core common
105
110
101
Jan
105
May
100
1%
3'A
i
2,300
84
Jan
52
1%
Jan
Jan
4
Mar
Jan
104
Kobacker Stores
200
13%
Jan
52
Jan
111%
Jan
109 Va
100
May
15
Jan
16%
18%
1.350
52%
52%
300
52 % Mav
14%
15
15
900
12%
18
20%
20
217/a
1,100
21%
21%
21%
3,900
3%
3%
1,000
64%
71%
30'
110% 111
"%
525
5,800
100
Jan
May
21% May
17% Jan
10%
12
10%
300
600
19%
53
Feb
15
1
9
4*4
23%
22%
8%
1
I
12%
11%
•
95%
95
19%
Feb
Jan
%
Jan
Feb
7%
38%
38%
150
13
13%
1,000
May
113
Jan
1
Jan
393A
Feb
Feb
Apr
Jar
134 %
May
35% Mar
10% Mar
7%
Jan
110%
Jan
8
•
Feb
.100
1,100
9%
Jan
-is
Jan
1% May
15%
Jan
,17% Feb
1,800
17%
Jan
14% Mar
400
9
17%
Jan
9
Jan
9
1,300
May
99
9%
Jan
6
Apr
~9%-
Jan
9% May
Class
1%
May
300
57%
Jan
78
May
22%
5,400
Jan
23
May
4%
800
15%
3%
7%
8
1,800
6%
Jan
Apr
11 V4
Feb
280
58
"
15%
5%
15%
Le Tourneau
Line
200
5%
5 Va
Lionel
Corp
Lipton
Lit
(R
G)
59%
—
Development
1%
Inc
Material Co—
-*v
~~
;
...
Apr
17
Feb
30% May
Mar
7%
Jan
Mar
62%
Jan
2%
Jan
11,800
36
16%
16%
Louisiana Land
Feb
Louisiana Power ft Light $6
Lynch Corp common
..
17
1,700.
~4 V4
5,300
Jan
Feb
37% May
Feb
16% May
14
Jan
19
Feb
27%
Feb
30%
Apr
2%
Jan
4%
■
Locke Steel Chain.,
Feb
Class
1%
28%
13%
100
"600
1
A
Feb
4
_3%
»
7%
48
..
Jan
.
Jan
6% Mar
120
1%
36
16 Va
-
16%
(Thos J* Inc 6% preferred
Class
Feb
11% Mar
200
60
1%
-
16%
Brothers common—
Groceterias
5 %
109%
.
Oil
Jan
13 % Mar
200
~7% "7%
■»
—
Lefeourt Realty common.
Convertible preferred..
Leonard
Jan
25Va
common.
B
15%
14%
78
78
20%
1,200
preferred
103%
Feb
78
76 Va
8
Loblaw
38%
Jan
1%
76
.
21%
25% May
9% Feb
140
100
~9%
78
78
Shore Mines Ltd..
—
B
'
'
24
Feb
Mar
24
Mar
Jan
IL
21
Corp common
& Exploration
12%
8%
21 %
pfd—
.
100
18 V8
Jan
22
12 %•
12 V4
8%
9.500
10%
Jan
12%
8%
5,200
8%
Jan
11 %
*
—
Feb
Feb
110
Feb
112
Mar
32
Jan
40
May
Feb
10
38
—.
9%
12%
6
37%
38%
400
Feb
M
114% Mar
Feb
Manatl Sugar optional
warrants
common
convertible
Mapes
11%
Apr
May
55% May
109%
J)
deposit
preferred.
Manischewitz
10%
Feb
7
15%
9
Langendorf United Bakeries class
Apr
10%
(N
of
Lane Wells Co
May
50
86
Lake
4% Mar
l33/4 Mar
1,100
RR
Certificates
21% May
51%
12%
75
5%
65%
4% ■;
1
22
Jan
7% Mar
134% 135
Jan
L
Lackawanna
Lone Star Gas
100
Jan
3%
100
.
19% May
Jan
100
Co„ii:
Lane Bryant
Jan
5,600
200
1st preferred
Lakey Foundry ft Machine
Lamson Corp of Delaware
39%
24%
8%
Brewing
52% May
15% Mar
30
109
Krueger
Jan
71 % May
Jan
22% May
x 96
Jan
43%
300
1%
14%
'
Mar
114% May
110
47
•
52%
*10
16% May
1
Apr
13
19,300
48
2%
3% May
48% Jan
39%
U
convertible
*10
1,900
—
Kresge Pept Stores—
4%
Feb
Jan
Apr
__ia
—
common—!
new
1V4
—
Apr
12
25%
18
Apr
92
25
113% 114Ve
May
2%
180
17%
107
May
17% May
Mar
•
10
119
Jan
28%
♦
—
(Walter)
Emil) Co common
Kleinert (I B) Rubber Co
103
Feb
13
550
Klein
23 Va
116%
200
93A
Jan
10
17%
33%
Feb
18%
119
17%
8%
Apr
Apr
33
150
May
22%
•
9%
18
Feb
8
Key Co common
Feb
21%
100
Inc
10% Mar
Apr
•
K
883/4
H
page 2361.
Feb
18%
9'A May
-
91/4
—
•
preferred
Jan
I
11%
see
Jan
29%
1
Jersey Ceptral Pwr & Lt 5%%
$5
Ltd—.
—
/
7%
21%
25
12.800
—
--
3,900 ■■;/
1
•
Co...
Mangel Stores
For footnotes
Jan
207/a
2%
Glass Co
Jan
Products common—25o
$4.40 pfd
100
Lamp Co..
Bridge Co
22%
19
—
•
com—.15
Aircraft Engine Co
Jacobs
Jeannette
87%
Utilities
Gypsum Lime ft Alabastine
Hall
19% Mar
347/8
20%
1
^52
—
•
Hamilton
100
22%
30
20%
1
-^7
.28
Stores
May
1,700
KlrMand Lake G M Co Ltd
71%
Greenfield Tap ft Die......
Gulf State
101
14%
8% May
29%
Great Northern Paper—....
Grocery
Apr
Feb
13%
Apr
1%
...10
$5 conv pfd
Grand Rapias Vanjish—
Gray Mfg Co..
Great Atlantic & Pacific Tea—
Jan
85
"
—
Jan
•
preferred..——.
3
850
34%
6%
102 Va 103
•
Mines—
1
Goodman Mfg Co
50
Gorhftm Inc class A——.——*
Feb
65
9%
—
Power
500
•
B—
Feb
Feb
71
3
22%
10
Utilities
80
88%
3
-
102%
.1
Sugars class A
Apr
68
68
65
4,000
21
1
2.50
28%
115 Va
Jan
100% 101
101
8 Va
103
•
a.—*
Mar
Mar
55% Mar
•
140
*
•
preferred..
Goldfield Consolidated
S3
V4
...»
•7
Gorham
shs„•
coupon
105
....
142
t-i CO
Gobel (Adolf) Inc common.—
Class
•.
12
Jan
700
May
150
•
50
7
14
13% Mar
2% Mar
9%
— ~
i
Co
May
21% May
xll3% Mar
Mar
2%
2%
2%
1G%
com—.1
Gladding McBean As Co
Godchaux
26%
7%
"77/8
•
Harvester
70
.
Preferred
Jan
11
1,000
113% 114%
Jan
12%' Jan
2 %
Products
9%
•
Alden
11%
11%
11%
Jan
11%
900
Jan
Ken-Rad Tube ft Lamp A
88
100
•
Gleaner
-
13%
Safety Razor B
Kennedy's
2
preferred-.—......
.13% Mar
6%
13%
Apr
6%
•
20
Jan
Apr
1%
preferred
stock
25 % May
58 % May
Mar
57%
International
Apr
20
70
5
Geoigia Power $6 preferred
$5
preferred.—
Gilbert (A G) common
Glen
1,600
13%
Jan
15
60
shares
International
Jacobs
Apr
20
17/a
Water Gas ft Electric common
Gilchrist
-13%'
53
67
Italian Superpower A
Jan
227/8
6 Va
$6
Rayon Co A
General Shareholdings Corp
S3 convertible preferred
Gen
13 Va
13%
147/a
1,600
2,300
65
Irving Air Chute
Feb
70
—•
•
7,200
2,500
May
Electric Co Ltd—>
•
21%
17% May
90
Royalty
Iron Fireman Mfg voting trust ctfs
7% May
***«
1
preferred series A
General Fireproofing common
Gen »Jas & Elec $6 preferred B
General Outdoor Adv 6% pfd
18%
33 Va May
14% Mar
13%
Interstate
May
23%
•
5%
21
19% May
4% Feb
x26% May
5% Mar
100
£1
1
10
19
Jan
8% Mar
Mar
637/8
Investors
Jan
G
Amer dep rets ord reg..
General Finance Corp common
567/a
37/8
28
63
Metal Industries A
Kansas Gas ft Elec 7%
Alloys Co
8,300
7% May
10% Jan
100
series
$3.50
Interstate
23% May
24'/a- Apr
26 'A
•
•
Fort. Pitt Brewing Co
Gen
Feb
8,300
Jan
'
Motor of France—
Amer dep rets bearer
General
50
2,700
4%
.
$3.50 preferred
Ford
Mfg Co common
Feb
Mar
52
International
Jan
Jan
May
9%
24
__
72
11V4
Motor of Canada—
Geilman
28%
International Minerals and Chemicals—
Jan
common
\
Jan
Jan
8%
-
>
22%
Warrants
3
Co
May
34
113
>
Cigar Machine
Hydro Electric-
International
May
39
467/8
Co
Preferred
Feb
Jan
31% May
2,200
Power
130
Feb
Mar
19%
7%
4%
May
43
46
45
18
Feb
23
_
18
of North America——10
International
93/4 May
7% Mar
4,300
preferred
/
45
11
110
I
J
Jan
Jan
100
common——1
1
100
Common
Feb
3'A
5%
10
56%
-
preferred.
Industrial Finance v t c
2u/8
12'A
Gatineau
Feb
15%
40 Va
30% Jan
200
112% 112%
20%
coupon
preferred
1%
V
27% May
15
49
3Va
—
I8V4
Jan
Mar
8
200
h-4 O
56%
Indiana Service 9%
25
"*63
1
Fox (Peter) Brewing....
1.25
Franklin Co Distilling..
l
Franklin Stores
1
1
Froeatert Grain ft Malt common
1
Fuller (Geo A) Co—....
1
$3 conv stock——
*
4%
convertible preferred
—100
-
124
Ii
~9%
10
21%
Feb
11
voting
24% May
% May
14
16%
40'A
105'A
«...
non-voting
Jan
900
Jan
ft
mmm
May
11%
B
Jan
14%
17%
35 V*
106
3'/a
A
9%
50
17
Apr
1017/a Mar
Jan
12'A
Class
1,400
16
1,100
15 %
Jan
70
Mar
Airplane
Class
12%-
53 JA May
12 V* May
1,500
Jan
97%
650
106
100
Falrchild Camera & Inst Co
Ford
27
Jan
4%
11V4
1,600
103
72
Jan
33%
Apr
100% 100%
17
Jan
19%
33
100
32
l3/8
Jan
105
1
1
Falstaff Brewing
1
Fansteel Metallurgical
•
Fedders Mfg Co.....—
...——6
Federal Compress & Warehouse Cp—28
Fire Association
(Phlla)——
—10
Fprd Motor Co Ltd—
Am dep rets ord regTr
CI
18%
1,100
3,900
37
33%
Jan
95%
(Can)
Registered
ft
Jan
11 %
18%
£1
•
Registered
—•
Imperial Tobacco of Canada
8
Imperial Tobacco of Great Britain ft
Ireland
...£1
Indianapolis P & L 5%% preferred.100
Imperial Oil
International
Pairohlld Engine
Mar
9
26%
8%
•
Co
Illinois
May
800
mmrn,
Zinc
May
12
99%
98%
38%
Apr
106
Jan
53'A
23%
18%
48
9%
.
13%
Jan
46%
.
•
Jan
100 Va
——
Feb
Jan
24%
23%
:
50
preferred
conv
Jan
39%
«...
common
Tnn common—
5%
8
1,800
Eureka Pipe Line
common
Jan
15
103%
60
/ 104%
32% -33 %
Dividend arrear ctfs
59,800
9%
12%
26% May
5%
*
1
1
•
1
Co
Illinois Power Co common
Feb
425
67 »A
14%
Feb
48%
49%
24%
-14%
Jan
Apr
48
Esquire Inc
New
2
47%
mmm
20% Mar
250
Jan
May
37% Mar
Jan
48
Equity Corp cominon—
$3 convertible preferred
Iv'sham
60
Jan
1%
47%
Derrick & Equipment
Emsco
Feb
33%
58
....
1%
99%
Jan
350
52
91 Va May
55'A
1%
conv
preferred-————
District Electric 5% pfd_
5%%
1,300
87/s
1,800
11%:
26 3/4
11
8
Co*p
Fibre
Hydro Electric Securities
flygtade Food Products
Apr
3'A
89 Va
«...
Option warrants
Electrographtc Corp.,.
Elgin National Watch Co
Elliott Co common
Empire
-
56%
preferred
Malleable Iron
States Corp
$7 preferred series A
$6 preferred series B—
Eastern Sugar Associates—
$5 preferred
Easy Washing Machine B
Economy Grocery Stores
Electric Bond & Share common..
$5 preferred
$6 preferred
Electric Power ft Light 2d pfd A.
6%
Eastern
Eastern
33/4
27/a
88%
27/a
common..
prior preferred—
4%%
Jan
52
Feb
87/8 May
16
100
8
:—*>
Huyler's common
1st preferred
East Gas ft Fuel Assoc
48%
104
104%
*
common
Ligonier
Hussmann
Feb
20
11%
& Co common
preferred
Hummel-Ross
4% May
Jan
Jan
8%
36%
'
'
•
1
•
(Harvey) Inc
Humble Oil & Refining
12% May
8% May
3%
6%
Jan
May
11
52%
Co common
& Hardart
1,000
4JA Mar
7
30
,
Feb
May
2% Mar
37/8 May
'
26
8
Hubbell
13%
33/4
——
800
12%
May
Apr
18%
*
& Hardart Baking
May
74
300
11%
10
«.
common
(Geo A)
600
300
52
24%
Inc
(AC)
84
'
Co
Holophane
67
...•
—
*.
Duval Texas Sulphur
Feb
Horn
—.
class B
53/4
4Vs
4%
a%
52
2.80
Consolidated G M
Apr
253/4 Mar
%
Jan
8%
1%
d
—
18%
4
1%
30%
14%
100
1
preferred w w
Henry Holt & Co common
27%
1
56
—2
common
5%%
Heyden Chemical common
Hoe (R) & Co class A
•
Corp
Driver Harris Co—
Draper
Duro Test Corp
Co
Jan
8
4
8%
——-—-—-———
1
& Coal B——.
Hosiery
Rubinstein
1
common—
Domestic Industries class A com—
Dominion Bridge Co Ltd
Dominion Steel
25c
*
Mining Co
Hecia
Helena
Hewitt
Corporation
Co
50
preferred
6%
2% Mar
1%
5%
27
*
0
31%
53%
30
4%
J
com_l
of America B non-vot
Jan
—£1
dep rets ord reg
Dobeckmun
Co
Brewing
Hat Corp
Jan
10
1,900
2%
2
2%
High
27%
V/v.
56
56
1
Low
100
9%
29%
29%
Range Since January 1
High
Low
20
ctfs
trust
voting
Jan
Co Ltd—•
Distillers
Paper
11%
10%
1,300
7
31
13/4
6%
—10
preferred
92
142 % May
25%
13/4
6%
303,4
1%
1
Shares
Par
Electric Light
Hartford
Jan
1
Vilbiss Co common
Durham
Jan
Apr
—10
Diamond Shoe common
Diana Stores Corp
Divco
5%
Apr
Mich Stove Co common—
Steel Products
Am
9% May
—20
Detroit
7%
Apr
9
for Week
10
7%
82
1,500
9%
*
Range
of Prices
High
Hammermill
nil
Detroit
De
9%
Curb Exchange
Range Since January 1
138
Foundry——.
Iron
Gray
Detroit
9%
•
preferred—
6%
7%
.100
Mig-
&
67/8
—50
96 prior preferred
8% debenture
Derby Oil & Ref Corp
Detroit
7%
8
common
1.100
1,600
Last
Sale Price
Low
9lA
Sales
Week's
Friday
STOCKS
York
New
High
8'/a
,50c
Dejay Stores common
Shares
„
Par
ENDING MAY 25
Sales
for Week
Week's
Friday
STOCKS
York
Niw
Monday, May 28, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
Feb
Apr
(The B) Co.
Consolidated Mfg Co
Marconi
Internat
Communication
Ltd
22%
135
135
3
2,200
23
500
135
10
3
Jan
Jan
23
May
104
Jan
135
Mar
Mar
18
Mar
33
Jan
38
Mar
2Va Mar
14V4
*
•
Marine
Co
2%
17
"1
~~11*
£i
6
Jan
6%
Feb
Number 4389
Volume 161
THE COMMERCIAL & FINANCIAL CHRONICLE
2359
NEW YORK CURB EXCHANGE
RANGE
STOCKS
Week's
Friday
■■'
V;-1.'
•
Range
Shares
Low
& Co
Mead Johnson
&
Chapman
Merntt
1%
1%
5,200
'
5%%
39
Mar
Feb
Pacific
>
162
300
14%
144
1,500
1,000
14%
'}
'
120
5%
112 %
4
Jan
4%
100
17 % Mar
Apr
Jan
4%
9%
9%
Public
$1.30
1st
Jan
Jan
Feb
50
Feb
4 %
May
Peninsular
12%
Jan
19% Mar
19
23
Jan
23
May
5
35
15%
35%
Feb
$2.80 series preferred
Penn
Power
$6
Co.—
Traffic Co
Penn
12%
Apr
16
Pepperell
100
26
150
1,300
Mar
8%
Jan
11 %
Apr
Pierce
Jan
34
Mar
Pioneer
19,800
1%
Jan
6% May
69 %
4%
10
■
—
4%
Producers—
Power common
States Tel & Tel
common
177 Va
Mar
35
Feb
100
18
3,800
12
12%
200
31'%
31%
200
8%
8%
40
16%
8%
700
7%
Jan
9 V.
May
25%
Apr
37%
Jan
40
May
Jan
18
May
11
Jan
13%
30
\
Jan
11%
,
Jan
32% Mar
Feb
Jan
6%
Feb
Apr
4%
Jan
Pitney-Bowes
*
9%
9%
9%
1,200
x8%
Jan
9% May
43
Feb
44%
64%
Jan
78% May
Postage
L
&
E
Meter
RR
Jan
18
Apr
11% Mar
Feb
4% May
Pneumatic Scale
2 Vs
Jan
2% Mar
Polaris Mining Co...
Feb
11
193
70
71%
1,400
15%
15
15%
350
127%
14'% Mar
900
127% 135
117
Jan
4
Jan
20V4
Apr
Jan
142% May1'.
6% Apr
Apr
Feb
70
179
Powdreir
&
18% Mar
22
Jan
42
Apr
Pratt & Lambert
13/4
Jan
2%
Feb
Premier
7
7
7%
3,200
6%
Jan
9
Apr
Prentice-Hall
13%
Jan
17%
17% Mar
Alexander.
16'%
>2,300
3%
Jan
18%
1,400
12%
Jan
Jan
11s
5,400
'
4%
18
18
Jnn
4'%
6%
•fc—
4%
.....
4%
Gold
Feb
28
Apr
Pressed
May
134
Jan
Jan
23
Mar
13%
Jan
19
10
Jan
May
17% Feb
89
Jan
92% Apr
•
Mining
•
common
Metals
of
1
America
31
m —
»
1
1 ft-
1
Inc
Producers
18
Co
.
«».*<
..
''
Jan
37%
51
..
73
Jan
12
Mar
6,900
%
18,500
%
3,000
10 Va
Feb
Mar
15% May
Jan
12%
Apr
1% Mnr
1-fa Jan
14%
13%
14 Va
•
Apr
18% May
7% Feb'
'
Power Corp of Canada
130
24 Va
400
5 '/a
4%
4%
common..
383/4
Apr
'
—
..
20%
■
■'
200
19
1,250
15
'
'
21
17
i
17%
2 /a
•
100
preferred—.
6%
Apr
Jan
3%
225
Ohio Mfg Co
Muskogee .Co
4%
70%
4
3.700
•
Muskegon Piston Ring——.
Jan
Jan
151'%
375
175%
Mar
3
57
40
Pleasant Valley Wine Co...
Plough Inc common...
-
107%
1.400
70
400
3
—
112
40
111%
69%
5,500
2 Va
—
Jan
111
Feb
5,300
1%
.
113% Mar
4%
40%
■...
Jan
Mar
5%
2
,
109%
:t
V
2% Feb
28%
10
•
100
—
380
81
51
'
5
oo
City Copper common
Jan
4
41
Mountain
Mar
1%
28
May
Apr
41
Mar
47
5
May
—
78
25
4'%
9V4
220
100
1
May
—
191% 193
*
•
Feb
400
•
Jan
100
Jan
7%
42% Mar
2%
17'%
Pittsburgh & Lake Evie
Pittsburgh Metallurgical
Pittsburgh Plate Glass—
23,100
2%
31%
Jan
Ii
10 V4
4
2%
Jan
50%
28
common
Mines
Pitts Bess
5,600
Mar
5%
Ltd
Gold
Feb
13
1034
Mar
Apr
■'
Murray
Governor
21
11,300
9%
51
Piper Aircraft Corp com
116
18
15%
10%
Jan
Feb
May
29
171
•
111% May
50
1
-1
Mountain
pfd
Co
Jan
13
xl 7%
Ward A—
Montreal Light Heat & Power
Moody Investors partic pfd
States
Packing
Jan
21
-2.50
1
Dakota Utilities
Mar
Feb
Phillips
106%
21
•
Inc..
60
Jan
common
114%
10
Feb
44'%
9%
80
•
Phlla Electric Power 5%
6%
Montgomery
Mountain
Co
3%
5%
Monogram Pictures common
Monroe Loan Society A
Mountain
Circle
39 % Feb
.27
75
22
112% 113%
I100
Co
Feb
5%
Public Service common
Montana
Mfg
Jan
•
*
100
100
67
50
Jan
3,700
6%
2
•
3%
67
Jan
-
\
Jan
111% 111%
Jan
18%
«.«.
Philadelphia Co
3%
Canada
Minnesota Mining & Mfg
Minnesota Pwr & Light 1% pfd
Mississippi River Power 6% pfd
Apr
50%
69%
2%
50
13%
80
'
•
28%
,800
Apr
May
104
Jan
33%
,
-
6%
™2~5G
29% Feb
4,500
-
40
113
Mar
3%
10%
30
49
2%
•
Water & Power Co
3%
'9%
49
•
Penn
9%
i
Mining Corp of
Mojud Hosiery Co
Molybdenum Corp.
preferred
preferred
Feb
15% May
Jan
"3%"
30
& Supply
Refineries
900
•
•
com
Light $7
Jan
3 Va
1
Piping
Missouri
&
200
3
250
20
MM
»
11
*
50
—-—10
3
50
19%
24%
Mar
8T%
40
1,400
—
48%
6%
17 %
%
12%
Jan
97
..
24,800
11%
«•
1
16%
29
x22%
—
„
-
23
Penn Gas & Elec class A
29%
Jan
•
common.
Pharis Tire & Rubber
Abrasive.—
Oil
Telephone
$1.40 preferred A
Pennroad Corp common
Pennsylvania Edison Co $5 series pfd.*
...
7
—
10% May
1% Feb
12%
200
8'%
10%
12%
7 la
19%
1
Jan
■
Jan
50
10
Jan
—
110
IIII
Corp
lVa
5,600
Feb
113% May
8% May
20
11%
8%
8% Mar
8,900
109
—
650
26,900
Jan
..
—
III*
shs.
Co
Pen
Perfect
Midwest
Am
1,100
4%
Jan
107
.
common
Pantepec Oil of Venezuela
11,300
15%
37
*
preferred
Page-Hersey Tubes
1%
3%
Apr
Jan
7%
10%
14%
42%
36
.*
10%
•
$2 non-cum dividend shares
Midtale Co common—:
Mid-West
...
1%-
;4%
19% May
Jan
1,200
112% 112%
9%
15 %-
Jan
38
37
lioo
pfd
Service
Motors
Midland Steel Products—
/
Midwest
7%
'1 Va
16%
22 ?■,:
14%
2,300
36%
10 Va
—10
Micromatic Hone Corp—_—_
1
Middle States Petroleum class A v t c_l
Class B v t c
——
1
Middle West Corp common—...
5
Midland Oil Corp $2 conv preferred—*
,
Mid-West
& Light
300
19%
41
36%
5% Mar
3
2,400
High
40%
—
Parkersburg Rig & Reel
Patchogue Plymouth Mills
7%
45
'3%
Power
Parker
Jan
LOW
19%
—25
Paramount
Jan
Range Since January 1
High
41
1.23
1st pfd
Feb
3%
,
•
common..
preferred
Jan
5%
110
3%
100
■
Feb
Jan
3%
5,300
■*.
5
May
6
112% May
100
5
162
Jan
13 Vs
'
"4% ~5
Jan
91
Co
1st
Pacific
18
112
LOW
Pacific Lighting $5 preferred
Jan
4%
1
2.50
•
1
Apr
Can
Pacific Gas & Elec 6%
Mar
15
Michigan Sugar Co
Preferred
10
Pacific
12%
-51;
•
Bumper Corp
Michigan Steel Tube
Mar
36%
.4%
—25o
Michigan
95
100
161,
100
1
-
Metal Textile Corp
Participating preferred
1% Mar
10% May
7% Mar
Shares
P
3,500
'■
Messabi Iron Co..
1,100
for Week
Par
14%
U2
14%
•
—
Jan
Mar
Sales
Range
of Prices
11% Mar
7% Mar
1
Week's
Last
Exchange
Mar
37%
4
A preferred—
6 Vs %
Jan
29
14
v
Curb
Friday
Sale Prloe
ft 37%
14'/a
York
High
Apr
8V4
1,000
10%
*~9% ~9%
•
Scott
200
10%
0
Memphis Natural Gas common.—
Mercantile Stores common..-,
10
21
95
•
•
—
200
1%:
10%
New
Low
23%
10 i
*
$2.50 preferred
Dredging..
McWilliains
MAY 25
Range Since January 1
High
23%
•
•
Mass Utilities Association v t u
1
Massey Harris common
•
McColl-Frontenac Oil Co 6% pfd—100
McCord
Corp common.....—;
*
Marion
ENDING
for Week
of Prices
Par
.
Oil Corp
Steam Shovel
Margay
WEEK
STOCKS
Last
Sale Price
New York Curb Exchange
v;'',
FOR
Sales
15%
900
"
.L
—
Corp of Nevada
Prosperity Co class B
•
11
Providence
•
—
Gas
Public Service
3%
1
of
—
% Jan
13
9 %
8% May
—
Feb
Feb
Colorado—
1st preferred
1st preferred
7%
%
10
107%
114'% 114%
20
16V4
10,200
112
112
100
100
114%
.10
16'%
Apr
112
111 Va
Jan
115
14%
Jail
16%
Feb
110%
May
Feb
Puget Sound Power & LightCommon
N
Bellas
National
IIIl" »■
Hess common..
.2%
•
National Breweries common
__
12% Feb
21 %
2,900
15%
11%
12
9,100
11
9
100
.1
.
•
16%
Feb
11
Jan
16
Jan
13%
1,200
17%
100
16%
25%
26
900
12%
12%
.10
Manufacturing
22%
Jan
27%
300
11%
Apr
Quaker Oats common.
6%
preferred
Quebec Power Co
400
1%
Jan
2% Mar
5%
1,100
5
May
38
Jan
107
Jan
•
—
109
--
—
109
—
—*
6%
48
Jan
Apr
109'%
v
90
'
ii.0%
May
New
13
12%
—
Clock
Idea Inc common
New Jersey
New
&
New Process Co
1
8%
Jan
14% Mar
Raytheon
7%
Jan
10%
Feb
Red
Feb
Reed
Jan
6
7%
Roller Bit
70%
525
63
Jan
71% Mar
Reliance
50
21 %
Jan
23%
Rice
116% 118%
230
110%
Feb
Auction
Y
&
N
N
common
Apr
118% May
Richfield
N
Y
$6
Mines...
Electric.—.
6%
North
B
North
RR
Natural
-
•
—
66
66%
1,900
63
Mar
70% Mar
Rochester Gas & Elec 6%
10
xl06Va
Feb
109
May
3%
50
12
Jan
14
Mar
3,600
3%
2%
Mar
40
Mar
x5
Mar
12
—
—
__
Jan
3%
Feb
40% Mar
Richmond
Roeser &
„
—
J-
30 Ya
150
31%
31%
16%
'j
6%
Rome
Cable
22
Roosevelt
Jan
Root
Apr
23% Mar
300
16 % May
70
107 % May
110
64Jan
90
16%
i-
•••
21% May,
17%
107% 108 Va
y
I
—
*
—
4%
%
89%
775
98
100
90
90
20
8
1,200
15%
16
6,100
12%
j
3%
22,900
5
13%
.
15%
1,600
2%
2%
25'% '
23%
24%
700
7,500
Jan
Jan
82
6%
Mar
May
5%
100
Apr
preferred
class
common
Ohio Power 4%% preferred
Ohio Public Service 7% 1st
6%
_
129%
Jan
17%
12% Mar
13%
Jan
2%
Apr
13%
2
Jan
19% Mar
1 Va
Jan
25%
Feb
Apr
5 % May
4%
4%
127% 129%
9,000
43'%
600
35%
Jan
41%
43
500
36%
Feb
43
May
Jan
56
Mar
125
'
—
121
53
Mar
136
May
43% May
—-
3%
2%
3%
3,200
-6%
6 Va
6'%
100
15%
-
,14%
15%
13,400
-
—
—
-1
<
—
109
Jan
Jan
99%
106%
3 % May
7%
Mar
15% May
Apr
104% May
Jan
110% Mar
39% Mar
36'%
1,000
1738
18'%
11,900
14% Mar
18% May
-7
6%
7%
3,300
6% May
9% Mar
31
28%
36 3«
343^
18%
•
25
109
1%
5%
11% Mar
34% May
800
31
26 Va
Jan
Russeks Fifth Ave
Ryan
2%
Aeronautical
Co
see
22%
Jan
2%
Jun
16% May
4% Feb
7%
7%
7,300
32%
Apr
Bt Lawrence Corp
Class
St
Regis
Salt
$2
A
conv
22
%
•' 55
I 22
United Corp
Samson
Oil
Savoy
Schiff
Co
Bchulte
2361;
"
11
9
Jan
3%
600
3% Mar
4%
Feb
Feb
Bcovill
Scranton
$6
5%
Mar
Elec
$6
pfd
Steel
116
Jan
119% Mar
10
111
Jan
34
4%
.
—
■
Bros
110
•
13
1
—
7%
6
Jan
7
Mar
100
9%
Jan
10
Jan
600
10%
Jan
16% May
16
Mar
10%
,8 % May
:
8%
3%
Jan
Feb
4%
5% Mar
22
Feb
Feb
Jan
Feb
36% May
Jan
800
5,300
3'%
Jan
4% May
450
70 Va
Jan
88% May
1,300
34 Va
Mar
39 Va May
-—
—
810
12%
13%
700
7'%
7%
1,500
49
200
113%
111% Mar
88 Va
10%
114
Jan
Jan
14%
rsb
7% May
4Va Mar
42 V4
Feb
May
49
Feb
May
3% Mar
1
~2%
2%
2%
7,500
2
Jan
11 Va
11 Va
11%
1,600
9%
Jan
12
•
21%
21%
100
Jan
21% Mar
Selby
Lock
Shoe
Semler
Hardware
&
Co
Inc
common
stock
(R
1
3
prior stock
Bhattuck
Apr
5%
7
4'%
23
2%
17
2
2%
6,000
17
18 Va
1,550
90
89'%
90
18%
18%
19 Va
250
Denn
1
Inc
1
1.400
9
Shawinighn Water & Power
Sherwin-Williams
5%
cum
pfd
common
series
Deposit receipts
AAA
1%
12
Jan
Jan
82% Mar
<
2%
19%
90
Feb
Feb
Apr
May
1 Va
1%
23
100
91 y2 May
Apr
21%
Jan
1%
6%
2,300
10'/a
Jan
3V4
Jan
900
15%
Apr
200
102%
Jan
105 Va
Apr
•
3%
0
•
Jan
14%
5% Mar
1 Vu
1
Mining
19
83 %
certificates—
B)
115% Mar
35
20 %
36%
107% 114
46%
•
Inc
3%
Jan
•
Segal
Seton Leather common
40
36%
Jan
Seibcrling Rubber common
Jan
111
500
•
common
117%
117%
1,400
3%
•
Co
Jan
111
6%
3%
Spring Brook Water Service—
114%
117
5'%
■
38%
40
111
6
38%
115'%
117
'/a
3,700
38%
115
27% Mar
10,800
8%
25
Securities Corp General
Seeman
5%
8
87%
preferred
Scullin
5%
8%
86
Sentry Safety Control
Serrick Corp class B
16
Apr
16 '%
725
5%
4%
Manufacturing
Scranton
18
17
86%
Jan
16'%
Jan
6%
3%
— —
1
22%
•
10%
6% May
25
300
9%
12% Mar
Mar
400
common
27%
9%
6%
6,000
6%
preferred
A)
26%
Jan
Apr
8%
17%
•
common
(D
27%
29%
19% Mar
_8%
1
05
1
common
—4
700
Jan
1
0
Convertible
Allotment
34%
18%
24% May
18%
5
J
Co
Apr
33%
Feb
Feb
2Va
Co
4%
34%
8% Mar
6% Mar
18%
2,100
50
Paper common,
Domev Oil
2,200
*
III,
1
Ltd—
prtf—
4%
__
page
]
Jan
18 lA
•
Ryerson & Haynes common
•/• 4%
—15
common
.
Petroleum
Consolidated
Ryan
43'4
1
Recurit.le*
footnotes
Apr
12%
Jan
.100
Oliver United Filters B
For
17
300
1,100
Apr
.100
pfd
Omar Inc.
Ovor'seas
500
3%
Feb
%
8%
41%
.4%
;
"loo
1st preferred
Oklahoma Natural Gas
7%
18%
16%
3%
20
10
Feb
18%
•
•
__
B
"3%
1
Co
14
16 %
18%
5
3
Rotary Electric Steel Co
$5.50
Co
8
Works
*
May
91%
ft Jan
1
7%
Jan
Feb
O
Brass
14
•
Inc
Petroleum
108'% 108%
100
common
Metal
Field
$1.20 convertible
33% Mar
Jan
Corp
Art
Feb
pfd D
Pendleton Inc
Convertible
Ohio
Feb
1%
Feb
Selected Industries
Ogden Corp common
1%
6Va May
—
—20
1
Feb
Mar
Jan
Jan
•
—25
class A
18
25
%
Jan
...50
pfd-..100
Jan
Jan
5,300
%
•
Gas
Power
14%
19
25
2.100
1
3%
'
States
17%
24%
%
1,800
77J«
1
Co
Northern
17%
24
warrants
26% Mar
Jan
10,900
T"*
.
"Is
Texas Oil
Northrop Aircraft Inc
Novadel-Agene Corp
25%
24%
1% Mar
24
600
1%
100
50
Indiana Pub Serv 5%
Northern
10,700
26
6'/a
y
Airlines
Penn
Northern
•
2%
1%
1%
•
Utility Securities,
Central
Feb
20 %
18%
2Vn
5 %
4%
1
...
Rayon clkss A
American
Feb
2%
«1
to 0
Feb
May
1%
common
Northeast
233/a
~5%
u
Power common_.l
prior preferred.
Northern
56
Apr
1
"2%
•
American
Class
Apr
18%
10,100
1
%
...—
preferred
North
52
28
26%
28
Feb
Radiator
a.—
•
North Amor Light &
1.100
29%
Rio Grande Valley Gas Co v t c
J
Nineteen Hundred Corp B
Noma
42%
Jan
25%
•
....
Niles-Bement-Pond
Nipissing
Jan
Apr
22%
28 % May
*•
.100
preferred
optional warrants—...
5
Niagara Share Corp class B com.
B
Feb
1%
32%
Jan
—
.100
pfd
2
100
Jan
2d
Class
Apr
14 >%
pfd-100
Niagara Hudson Power common— ..10
.100
5%
1st preferred
—
5%
Feb
18%
20%
31%
—1
6%
1%
Jan
-
shares
Service
Jan
15%
375
0
Royalite Oil Co Ltd
Y State Electric & Gas $5.10
Water
1%
175
1%
•
Engineering
Oil Corp.
8,600
33%
1
Co
&
1%
18%
1%
17
1%
common__50o
Goods
Dry
17%
•
!
Electric
Stix
1%
800
„
—10
Shipbuilding Corp—
Founders
Feb
1.700
.3%
.
N
Apr
663/a
—10
Rosario
Merchandise-
Y
Y
Co
Honduras
14%
25%
•
City Omnibus warrants
Y
Jan
26%
.—•
Y
162
Jan
25
—
N
88% May
Jan
156
243%
common
N
180
x32%
•
common
Manufacturing
Bank Oil Co
Ronson
N
76'%
1,370
25%
wi 23
Land.*
88 %
1
<?3 convertible preferred
23'%
■
Arizona
11% Mar
100
—
..
*
Zinc
Mexico
May
68%
•
Co
Haven
9
23%
.100
Tel it Tel
England
New
Apr
10
Rath Packing Co. common
1,100
73/4
.•
69%
preferred
New
13%
May*
R
Radlo-Kelth-Orpheum option warrants.
Railway & Light Securities
Voting common
10
Raymond Concrete Pile
—
500
13
i 7%
*
New
'
9%
•
England Power Associates
$2
—
9
«
class A
Mur Co
Nestle Le
:
*
'9
3
Corp___
Neptune Meter class A
400
13
Railway & Utility Investment A
1st pfd
14
18% May
17% Jan
160% 162
Apr
■
(Herman)
19 Va
Mar
83
88%
14% Mar
1%
5%
—
Nebraska Power 1% preferred—.100
Nehi Corp
Jun
13 %
13%
13%
16'%
250
xl7% Mar
1%
-
Jan
300
17%
'
National Tunnel & Mines common- ...1
_30c
National Union Radio
Nelson
107
19%
16%
...
Feb
17%
.12.50
Co
Jan
12%
—
—
9% Jan
Feb
25%
•
Sugar Refining—
Transit
May
14%
-
13
13%
—
National
,
Pyrene
175
19%
Puget Sound Pulp & Timber
Pyle-National Co common
39% Mar
8%
■
„
•
National
Oil
Jan
20
11%
Car Ltd
Steel
Jan
20%
common—_— ...1
Feb
107% 108%
107%
Apr
22% May
23% Apr
_50o
9
3%
20 % May
450
22%
•
Jan
Mar
24
35
22
Machinery
National Rubber
2%
Jan
33% May
39% Mar
10
.
*
Refining
National
35
22%
Mfg & Stores common—
National
12,100
3
2%
-8V3
—
National Fuel Gas
National
19%
;L_.
25
preferred
National Candy. Co common
National City Lines common
35
35
'
1%
Navarro
$5 prior preferred
_•
300
21'%
21
Corp
Nachman
16%
16%
3%
1,700
16'%
16%
117
117
lllVa Mar
Apr
Feb
May-,'
11% Mar
5
Jan
16% Apr
121%
Apr
112%
Jan
115
Apr
EXCHANGE
NEW YORK CURB
RANGE
STOCKS
Friday
Curb
Sales
Range
for Week
of Prices
Shares
Exchange
Low
Par
Lota
Co
Biiex
20%
Ltd
Breweries
•
21%
13Ts
14 >4
1,500
3%
3%
20 Va
Apr
12% Mar
16
Jan
32
14 %
36
$3
convertible
Singer
preferred
Pattern
Manufacturing Co
Singer Manufacturing
Amer
Sioux
•
1
common
dep
City
Smith
(Howard)
210
Aircraft
7%
pfd
Mills
Paper
'
6%
Apr
267 % Mar
4%
112
112
100
313
Boss
Manufacturing
South
Coast
South
112
10
110
Feb
113
Corp
$4
Apr
Southern
5%%
1*7%
Southern
series
C
Power
Jan
Phosphate
2%
Jan
3'A
3
3 7's
7,700
8
87 a
1,300
5
5
5 7a
500
V"
Jan
5% May
46
46%
27
100
27
43%
45%
160
41%
31 Va
—
31'A
400
30'A
31
200
29% Mar
42%
1,000
Jan
49%
45%
May
Jan
46
May
Jan
31% May
31
31
A_. -28
2%
91%
Telephone.. .100
Co
—
..10
2%
600
8%
8%
Jan
9%
134%
11
9%
9'A
Jan
10%
13'/a
400
12%
Mar
14%
50
x51%
Apr
5
Jan
9%
5%
5%
1%
1%
400
237'a
26%
10,400
33
Jan
5%
22'A
100
Jan
23 Va
Mar
19%
20
(The)
class
1*.
117
&
(A)
Sterchi
Bros
6%
500
11%
Jan
,7«
6,200
%
Jan
%
Co
2%
Jan
3%
1,900
Btmnes
(Hugo)
Stroock
(8) & Co
13%
"A"
Class
"B"
8
—
common
13
-100
.
Allied
6%
Jan
Jan
14
1%
7% May
18% May
3% May
Feb
1,400
■
I
100
12
Jan
Jan
31
19%
Jan
25%
49%
17 'v/
/
8%
Ulen
Union
Gas
Union
Union
Stk
Yds of
United
Aircraft
United
Chemicals
12 Va
United
1/
67a
5%
Jan
800
27%
Jan
4,200
50
7% Feb
33/
y<: 20 Va Mar
116
Jan
217/a May
36% May
11%
xll% Xll%
700
9%
Jan
Cjgar-Whelan
100
7%
Apr
12%
8
8r;y-
26
97/a
Gas
"i'/a
6%
700
Jan
3%
65%
1%
"l%
75-y
81
1,310
112-y 112
10
200
13% May
1% May
1% Mar
71%
participating
Molasses
Amer
dep
Jan
112
111
116%
May
4-%
4,900
54%
10,700
1%
900
12%
5,000
7%
Jan
600
12%
Mar
1474
"1%
2,900
1%
4
Jan
174 May
Jan
35%
1
■■
5%
2
a
10%
12
Apr
;
Shoe
Machinery
United Specialties
U
S
S
U S
$5
Foil
Co
class
Graphite
and
1st
4%
7%
7%
7%
with
common
Reclaiming
.
—-
10%
10%
25
10%
25
:
^
2,500
,
100
7B
A
7.800
24%
24 "8
200
11 '/'a
10%
11%
3,700
17%
17
17'/a
24,300
Feb
Jan
7
Apr
61
Apr
/
—
•—
88'/3
88%
—
60
284% 284%
"2
2
9%
9%
2%
9%
10
22
50
77
77
79 %
1,000
46
46
46'A
70
j
Jan
26
Feb
warrants.!!!"*
!_j
!_!!!•
500
!!!!!
Cooler class A
2
10%
11%
15
"1%
10%
16
""*
__!
"
•
«
~
a
common
Co
Apr
jq
1
"
110
Jan
Apr
20
Jan
24%
Jan
12% May
9%
i«
.
14% Mar
18
38
40
Jan
86
Feb
6%
275
Jan
Jan
1% Mar
9
May
74%
Apr
900
44
Feb
Mar
8 Va Mar
13%
Apr
Apr
Feb
Apr
,
36
113
300
15% Mar"
15'A
15'A
100
13'A
6%
2,200
5%
100
11%
May
12
15'A
6%
6%
12
12
Apr
May
Feb
14%
Feb
21
Jan
Jan
15% Mar
Jan
8% Mar
Jan
6
Mar
19%
Feb
.
Jan
150
17'%
19
May
11%
16
27'A
13
Jan
Feb
6'A
Apr
■■
———
5
300
Jan
8%
i
300
—6B
__
"4 ft
89% Mar
6%
w
—
285
2%
11%
81
May
Jan
Feb
May
50
Apr
1474 May
11% May
2074
Jan
1%
5
6,900
4%
Jan
2'A
100
1%
Jan
2
-
425
9%
2'/8
2%
1%
88%
9% May
2% Feb
2%
11,300
n
Jan
4%
2% Mav
5
7A
Jan
5%
1,400
6,100
1%
4
Jan
2%
Feb
Jan
83
91%
Feb
18% Mar
16%.
5%
23%
27%
16%57'8
23%
16%
6
200
5*00
23%
325
25 %•
277a
18,400
30%
30%
100
3%
3%
12,400
12%
Jan
4% Mar
Feb
24 Va
Apr
1674 May
6%
Feb
Feb
21 %
Feb
23 V2
20%
Jan
2778 May
3074 May
3% Jan
26
3
4 VB
43,a
Friday
Mar
6% Feb
■%
10% Mav
10'A May
12%
11
Jan
15
3
*
Jan
Feb
May
50,000
4% May
Jan
Mar
Week's Range
Interest
Last
Sale Price
1950
debs
or
Friday's
Bonds
Range Since
i960
deb
Paper
Elec
6s
Pow
deb
deb
Bell
107 %
101%
106 »A
108
107%
110 V8
49
105 »A
108
—
108
102
J-J
102
>
1
100
102%
7
108'A
111'A
127
2
123
127
127
1953
J-J
99%
97%
99%
147 %
M-S
40
40
40%
4;
J- J
40
39%
41
F-A
40%
39%
41%
87
39%
41%
137
40 %
1968
5%s
A-0
1977
—_
5%s A
40
F-A
%
40%
92%
99%
29
41%
29
42
29%
•;
115
42
29
42'A
:
41 '/a
37
103% 104%
36
-99
108'A
107'/a 107'/a
7
107
108'A
111% 112'/a
24
111%
113%
119%
121
170
175
——1953
M-S
1964
M-S
1957
J-D
i960
M-N
120
120
1998
Q-F
*170
180
A-0
Ull
29
"
113%
City Elec 3'As
104
109% 109%
109%
1948
——1949
High
5
}109 % 109'/a
A-0
1950
Assoc T & T deb
January I
Low
tl06% 107'/a
108
J-D
197C
Debenture 5s
AConv
J-J
2024
4%s
Atlantic
M-S
1961
3'As
Sold
No.
Low
102% 102%
J-J
2016
6s
Bid & Asked
J- J
1970
Lt
Writing
104%
42
Telephone of Canada—
1st
M
5s
5s series B
series
C
Blckford's Inc 6%s
Boston
Edison
1992
!!__—1970
2%s
IA Central States Electric
5s
A5
6s
5s
B
deb
5s
Ss
1st
Gas
El
series
ref
Lt
&
Pr
5s
Power
Water
Finland
:4
107
104%
106 %
1
£
107
110
105
M-S
101%
1
106%
109 'A
104
1
103%
105%
123
F-A
123
120%
123
46
103 Va
105'A
101% 101%
61
106
F-A
9
104% 105%
M-S
5s
106%
106'/a 106%
A-O
1958
1956
RR
105'A
105%
103%
49
104
1954
2030
&
103'A
104
—
105% 106%
J-J
1956
103
106
10
•'
105 Va 105%
105%
■
102% 104
106%
101%
3
105%
J-D
1975
87%
103%
3
104
107
83%
83%
68
«.«.
103% 104
1104% 105 /;
J-D
58 Va
59
28
tl05% 103
104
105 V4
246
F-A
Light 5s__
&
Lt
124
87%
A-O
A
Residential
77%
A-O
1971
ser
77
76%
112%
102 V4
20
76'/a
M-S
!!!!l969
P
ser
110%
83
■V
J-D
A-0
(Bait) —
N
mtge 3s
Eastern Gas & Fuel 4s
Elmira
L-
i960
!!!!~~1958
!!!!!!!!l969
1st ref mtge 2%s ser
Q
Consolidated Gas (Bait
City)—
Gen mtge 4%s
Continental Gas & El 5s
Electric
86%
1950
—
5s
Debenture
3V«s
77
M-S
"1952
_Jan
5s
Debenture
Consol
76'/a
M-S
—1955
Service
Conv
!
J- J
1927
ctfs.
6
— —
104 '/8 104'%
1954
series
Cities
J-D
1948
7a 8
28
106'/a
101%
103
104
107'A
124%
1126%
Mtge Bank—
124%
stamped
189
Gatineau
General
Power
Pub
3%s
Serv
A
1999
5s
General Rayon Co 6s
Grand Trunk West 4s
Great Nor Power 5s
Green
Pow
ser
6s
series
Illinois
6s
P
Altalian
1957
coup!
coupon)
75
102 %
45
104%
106%
104
107%
105 Va
75
76%
67
1105
106'A
104'A
92
_.
104%
1104
106
104%
'
104% 105%
105
J-D
1957
1941
coupon)
5s
6s
Kansas Power &
Light
4s
Lake Superior Dist
Pow
J-J
J-J
'
1966
J-J
2022
3%s!!!__!'"l969
!l 1970
3%s„"1968
M-S
'
107
109
49%
50'A
9
50
51%
7-
28%
54
50'A
50'A
3
37
52
50
51%
10
31
53%
*50
52%
J-J
!!!!l965
1
107
—
L1952
logs
Pow & Lt 3%s
Kansas Electric Power
3%s_;
Kansas Gas & Electric
104%
51%
J-D
M-S
86
Extended at 4%
to
iq4a
48
31
54
100'/a
45
71
89 Va
23
106
87%
59
*104
—
118
118
7
112
112
20
105'A
*106% 108%
—
tl06'/4 108'A
103% 103%
—
/
37
__
1^3
55
37
97
106'A 106%
A-O
F-A
-
14
80
*55
—
106'A
J-J
J-J
.
55
85
100
104
—
—
--
McCord
Corp 6s stamped—
Midland Valley RR—
30
,
r 51%
99% 100
50
.
6s
103,%
102%
'
1957
i952
105%
102 Va
2
107
—
F-A
1957
_!_
102%
10
103% 104
/,/
1955
9
103 % 103'A
M-N
1952
6s
Kentucky Utilities
M-S
F-A
—
—
Superpowei
Jersey Cent
1101
J-J
Sec—
1941
1941
Power
Debenture
45
1106% 108
75
A-O
195S
1
F
(July
Interstate
101%
'
__
104% 104%
A-O
1963
————
series
A7s
104%
J-J
3V4s__!~L. "1970
E
(Aug
F-A
1950
L
C
(Dec
series
A7s
A 7s
B
5s
fr
series
A6%s
A 7s
J-D
J-D
& ref 5s__...
(International Power
74s
4
106%
Co—
Seivice
IndianaDolis
103%
135
1107'/a
89
88
102 V8 102 Va
J-J
1949
77
106 '/s 106'/a
J-J
1953
Jan
ref 5%s series
1st lien
106%
J-D
!!!!!!! 195a
!!~Jan" 1040
A
ser
'
1948
!!!"l950
!!!!l963
3%
B
Power
Indiana
A 6
A~
1950
Grocery Store Prod 6s
Guantanamo & West 6s
Hygrade Food
A-O
] 953
stpd
Mountain
1st 81
Apr
8%
2%
...•
deDS
Si
Feb
87%
-
'
14,100
10
B
Jan
9
g
•
Jan
200
10%
4%s
Feb
12%
3/64
1,300
25
"
Insurance
f
f
Pow
deb
A
7% May
71
9% Mar
'
.■
—
common
Universal
Jan
874
95%
ft
ai
—
Consolidated Oil
Pictures
5%
Jan
'
— -
•
"250
!!_I0
30'A
Jan
25
Exchange
A
common
Products
Utah-Idaho Sugar
Feb
7%
500
2.100
Universal
Universal
4
4% Mar
200
7
•
Wallpaper, Inc
Class
May
•
B
United
8
2%
1.600
7%
common_!_!!!!!!!_i
Stores
Mayj
5% Mar1
300
~2g
United
Universal
Universal
3%
7
!
common
preferred
Rubber
4%
7,200
...
International Securities
U;S Radiator
8
4%
8
.
Preferred
U
Apr
8tores
preferred
United
7 7a
3%
25;
Sharing
Jan
10%
AConv deb 5s
.
Feb
Apr
U
7%
.10e
regis
29
—
10%
Elec 4%s
(Associated Gas & Elec Co—
59 Va May
Jan
Jan
12
Ltd—
ord
Feb
10'A
Associated
12% May
14%
10
14
s
s
3%s
Feb
1%
n
Curb
(AChicago Rys
4%
14
United NJ RR & Canal
United Profit
Mar
135
10
Cincinnati St Ry 5%s A
48%
"l%
York
Mar
52%
7
9
—
May
82%
107% Mar
-10
preferred..
Co
rets
Mar
6% May
Jan
4%
Corp
.—!___!!•
Corp common..
!io
6% Feb
111
,/■.. —2
Bethlehem Steel 6s
12% Mar
--
$3
3%s
Amer
Jan
~i%
United Light &
Railways
United Milk Products..
United
Jan
1%
United Elastic
Jan
20
pfd. !ioo
American Gas & Electric Co.—
2%s s f debs
12% May
l
45/8
Jan
High
Jan
May
Jan
lioo
1,400
3,200
10%
Period
May
25%
119"
Jan
Jan
common
Ltd
AConv
l
$5 preferred
United corp warrants
United
Apr
...i
Omaha..!!!!"
.!!!
5%
113
19 %
•
Appalachian Pow deb 6s
6%
Products
(F W)
Appalachian
■12%
•
5%
9%
1
Feb
400
•
May
35
Cement
Feb
2,450
-10
Portland
20
3,000
Investment Co.,
31
•
Light 7%
50
8%
81
! ~
Manufacturing Co!!!
of Canada
"!
&
AConv
8
!ioo
Corp
Jan
--
!!!i
Jan
20%
—1
Realization
Unexcelled
18
19'%
B
Apr
.100
//
Feb
3,500
31
29%
23%
34%
Heating
14%
200
,
•
Udyllte Corp
4
1
Inc
45
.v."
dy
Jan
113
■
300
36%
I
Mar
3
—
Co
950
20%
preferred
17
1,000
BONIS
Apr
Mar
33%
Works..!!!!
convertible
450
3 Va
5%
—
Mar
18'%
3
10
-10
common
Powei
New
Amer
61
"
&
Products
8'% May
14% May
111
18
3
31
Jan
Jan
—
;
deposit receipts
Wright Hargreaves Ltd
137/a Mar
—_
Tung-Sol Lamp
V;80c
3%
20%
warrants"!!!
Inc
13'a
Feb
22
23%
117'/a 119
-
~5%
preferred
Tvl-Contlnental
6%
36%
"
Tonopah Mining of Nevada
Trans Lux Corp
Transwestern Oil Co
Trunz
4% May
31%
...1
preferred"!!
C)
Feb
•
Shipyards Corp
:79J>
14%
—1
Construction!
Mar
5
•
com..
American
Feb
Jan
—8
Stocks
107
Feb
—I
Product Exports
I!"
Tobacco Security Trust Co
Ltd—
„
Amer dep rets ord
regis...
Amer dep recs def
reg
I
Edison
13%
31
■
3
Tobacco
Toledo
16
200
24%
5%
pfd
10
—
10
(R
Woolworth
111
23
7%
400
"20
Oil-O-Matic
54% May
Apr
10% Mar
31%
common..
Roofing Inc
Tlshman Realty &
Todd
2 %
16%
Tllo
Si
Mar
11%
1,250
-II
Technicolor Inc common
1,900
.
May
,13%
23%
common
Co
OO vU
24%
...
Corp
Texas Power Si
Light
Texon Oil Si Land Co
Textron Inc
Tobacco
Apr
35,400
2%
—
Tampa Electric Co common
Shovbl
7'/a
—
IB
Thew
10%
1,400
47%
common
Taggart Corp
5%
18
13%
2
8%
14%
•
19 Va May
500
5%
18%
Co
Oil
13%
7%
part
Finch
65
405
12%
5
Corp
Drue
Jan
20
,
13
.
,
7%
14'A
14%
5% May
Jan
Mar
15
Machinery
Rav
$3.30
.
3%
61
53%
Superior Portland Cement—
Swan
65
ll7/8
...
200
Mar
5%
Stationery
Inc
Wolverine
16% May
16%
common
Feb
13%
Jan
500
preferred
(J B)
Jan
13%
13%
1st pfd. _100
Woodall Industries Inc......
Feb
3%
5
_
Apr
12%
13%
•
Woodley Petroleum
% May
129
Jan
157/s
common..
Sterling Aluminum Products
Sun
105
%
Sterling Brewers Inc
Sterling Inc
Sullivan
60
3%
1st preferred
2d
Apr
82 %
2,700
"la
Coal
Wisconsin
May
15%
65
Stores
6%
Jan
10% May
11% Mar
10%
.1.2a
Coke
Maryland Ry 7%
Willson
% May
ft
ft Jan
common
5%
Stetson
1,500
120
112
&
Winnipeg Elec
20% May
Jan
Mar
15%
C6rp voting trust ctfs
Co
24,100
%
187a
X109
~V/z
B
Steel Co of Canada
Stein
%
"8
%
Co.
Tube
3,300
_
%
21
Coal
Williams
Feb
34
Va
Williams
Mar
Silver Lead
Starrett
U
Jan
3%
22
"
119
Standard
Feb
27%
19%
Standard
Jan
54
11%
!!!B
Mills
Westmoreland
Feb
1%
1,100
pfd
Standard Power & Light
C6mnion class B
Pieferred
3
230
80
1074
«
A
Weyenberg Shoe Mfg
Wichita River Oil Corp
26'/a May
1,100
4%
'
—
6'A
Mar
4%
4%
(Ky)
33
31%
17
clans
Westmoreland
Feb
7
4'A May
12 Jan
—-
25%
preferred
Products
800
,1
'
—
"1%
2
common
(Ohio)—5%
6
—
preferred
Standard Dredging Corp
dtandard
Feb
1,500
5%
7774
.100
Western Tablet &
63 % May
Oil
96
80/
•
Manufacturing
Utility $0 preferred
Texas
Western
Jan
58%
Spencer Shoe Corp
Stahl-Meyer Inc
Standard Brewing Co
Standard Cap & Seal common
*
Wentworth
Feb
13%
58 Va
Standard
Jan'
92
•
Co...
Knitting
West
Jan
13%
pfd
5%
5%
1
•
West
Jan
58 Va
Standard Oil
Mar
Jan
l7/8
25
93
93
8
preierred
Wayne
Jan
134%
Apr
300
Aircraft
Waitt <fe Bond
May
8
& Bros
convertible
78
*
10% Feb
3% Mar
1
preferred
Petroleum
Manufacturing
1%
2% May
93
Jan
8 'A
■
.
31
Jan
81%
t
—
Mr —
IV2
40
93
..50
$1.60
500
Class B
Spalding
Convertible
3 Va
common
r.onvertiole
Waco
Feb
200
r
3 74
Wagner Biking voting trust ctfs ext..*
Feb
32
-10
-
374
High
Jan
7% Jan
.
W
8% Mar
Jan
27
46
-28
class
■
G)
10c
1
Apr
7%
4
Pipe Line—
Southland Royalty Co......
(A
1,800
9% Mar
.100
England
Southern
7%
-28
Colorado
New
3,300
8
..28
preferred
Southern
8% A 9'/a
Edison—
preferred
preferred
9%
15% May
3
-10
preferred B
Southern
Jan
1
California
6%
'
10%
8%
-28
original
15,000
.1
Pipe Line
5 %
15 '/a
.1
common
Oil
Pa
14%
15%
1
Co
Corp common...
Penn
Southwest
9%
May
5% May
Jan
Venezutlan
1
Manufacturing
Sonotone Corp
9%
65 %
Jan
•
Co
Solar
1,475
•
Utility Equities common
Vogt
Solar
'J'
1
preferred
Products
$5.50 priority stock
Jan
3
£1
regis
Elec
&
313
Low
76%
Co Ltd—
rets ord
Gas
308
100
Range Since January l
High
75%
Mar
2,300
Apr
8immons-Boardman Publications—
Simplicity
Shares/
75 7 a
•
R»dio
Utah
for Week
of Prices
Low
Par
Utah Power & Light $7
Feb
Sales
Range
-
Sale Price
High
Jan
20 %
•
common
Last
Curb Exchange
Range Since January 1
High
Week's
Friday
STOCKS
York
New
*
Bherwln-Williams of Canada
Slck's
WEEK ENDING MAY 25
V
Week's
Last
Sale Price
York
New
FOR
Monday, May 28, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
2360
1
116%
-110
105%
61
107%
105
120
112
107%
106'A
106'A
102
104%
64
76'A
*
—
,
75
76'A
6 '
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4389
161
Volume
NEW YORK CURB
RANGE FOR WEEK
BONDS
Last
Sale Price
Friday's
or
Gas Light 4 %s
1967
MS
1978
1955
J-D
J-D
106
.—1981
2022
J-D
5s
Nebraska Power 4Vis
series
68
A
*
Amsterdam
New
Gas
5s
1948
Gas & El Assn 5s
deb
England
New
England Power Assn 5s
New
N
M-S
M-H
104 Va
106
108
114
115%
M-N
15
6s
Va
91 >4
33
88
91%
14
88 %
91%
81
88
A-O
102%
110
107%
--
102% 103
31
103% 104%
104
15
2004
J-J
-103
J-J
96
101 y4
series A
1st mtge
Ohio Power
1st
3Vis
A 5s
101%
103
92%
1968
Public
Service
A-O
A-O
4s
109
1962
F-A
Oklahoma Power & Water 5s
1948
F-A
Pacific
1955
F-A
1964
J-J
171
1977
M-N
107 Vi 107%
1979
M-N
107
107
108
Power
&
Light
5s
Park Lexington 1st mtge 3s
Penn Central Lt & Pwr 4 Vis
5s
1st
•
-
Pennsylvania Water & Power 3Vis. 1964
104
2
105 Vi
101%
11
103%
106%
106%
lAYorn
Portland Gas & Coke
5s
J-D
1108
F-A
MS
63
80
1107
J-J
1972
1950
1959
MS
1964
J-D
—1949
1st mtge 3Vis
Sinking fund deb 4s
Service
J-D
f
Rys
ia2!%
115%
116%
M-S
115% 115%
3%s
1964
61%
A-O
61
J-D
2030
5s._!
62
1109
106
177
110%
106
53%
65,r,
108
109%
1
105%
110 S
lioa
<*■—
106
.
'
..—I960
J-D
117% 117%
1
117%
1959
F-A
105
3
101
1937
J-D
1101
1947
J-D
101
debentures
Co
5s
stpd
105
105%
100%
Ii
101%
105
99%
101%
-S
109
■ ■
•
J '0.-.
Foreign Governments & Municipalities
BONDS
110%
109
New
York
Curb
l-ifV
Week's Range
Friday
Exchange
Interest
Last
Period
'
\
101%
102V4
105% 106
101 Vi
106%
107 Vi 107%
106
109
105 Vi 105 Vi
103
106%
151
158 %
1101% 101%
Sale Price
.../
■
105%
A
20-year
20-year
Bogota
ACauca
1156% 1GO
April 1940
7s
Bank
Low
Low
166
High
J-J
166
few
63
—
of)
1948
5%s
Extended
January I
Friday's
A-O
Jan 1947
Mortgage
Valley 7s
Danish
M-N
Range Since
Sold
No.
or
(Col)—
7s
(see
Bonds
Bid & Asked
-
Agricultural Mortgage Bank
A
New Jersey—
certificates
of
iuy4
4
106%
70
106%
110% 110%
1107% 107%
J- J
..
Corp (Can) 4Vis B
Public Service Co of Colorado—
perpetual
10211
High
Power
6%
-m
103
u
1111% 111%
Co—.
stamped extended
•Public
M-N
5s
ABtamped 5s
«
,
106
10212 103
F-A
2022
a
Traction
s
109%
104
110 Vi
108%
111
109
108
106
110
Newspaper Union—
conv
107
108%
.
—
dibs
Power
108
1
1104
103
1
:5
3
107%
105
12
121
102 y4
104 Vi
107%
107%
3
1962
Philadelphia Elec Power 5Vis
Philadelphia Rapid Transit 6s
Penn
6s
109
105Vi 106
107
110% 110%
A-O
1954
series
Penn Electric
West
109%
101 Vi 101%
106
1970
3 Vis
107%
107
A-O
\
5%s.l952
1952
6s
Water
West
96%
106
14
109 Vi
109
1106% 107 Vi
18
J121% 122%
--
High
103%
116%
103% 103%
Low
Light Co-
Income
Wash
105
4
January 1
No.
i
...1959
(Delaware)
a
81
Range Since
Sold
Low
Waldorf-Astoria Hotel—
Western
—.1971
3s
mtge
Ohio
(8%
series
Debenture
109%
32
96
6s
J-D
103 %
•
Bonds
Friday's
or
Bid & Asked
Co—
5%s
Rys
Utah Power
North Continental Utility Corp—
A5%s
Power
&
cons
Lt A
J-J
1949
4s
J-J
1968
1
J
United Light A Railways (Maine)
103%
102%
...
Light
1st lien Si
108
107
103
redeemed). 1948
$106'/2 109 %
——
N
3%s
M-N
2022
Electric
United
95%
$108
Last
Sale Price
1950
a
Edison
United
95%
90%
—
Week's Range
Interest
Light 5s
United
95%
90%
series
&
Toledo
IIOV4
90
M-N
4s
109 %
90%
1964
Y & Westchester Ltg
Texas Power
107
1
91
1954
Gas 3%s
1
90%
-
Friday
Exchange
High
106
--
Curb
Period
108%
101%
109% 109V4
J-D
1948
Debenture 5%s
N Y State Elec &
106
$115% 119
J-J
1961
3y4s
Power
1
9
106
York
High
108 '4 108 >4
M-S
1950
5s
Low
New
...
1947
5s
Conv
No.
102% 103%
«...
1948
New Ens
25
January I
107% 107%
ref
&
1st
Range Since
Sold
Low
P & L 4%s
Minnesota
Bonds
Bid & Asked
High
•Milwaukee
MAY
bonds
Interest
Exchange
Curb
EXCHANGE
ENDING
v*
Period
York
New
2361
J-D
1955
5s
30
^
28
90
76
87
80
90
34
F-A
^
30 %
90
W
M-N
1953
34
10
19
37
19
1
16%
20%
38%
42%
%
?2r
90%
Danzig Port & Waterways—
Queens Borough Gas St Electric—
5%s
Safe
San
series
Harbor
A
A External
..1952
Water 4%s
Real
ASchulte
Estate
A-O
1979
1951
6s
M-S
J-D
Scullin Steel inc mtge 3s
104%
$96*
A-O
ALlma
109
AMaranho
127
Stamped
92
City
1952
Interest
reduced
2008
AMeaellin
105%
107%
Mortgage Bank of Bogota—
A7s (issue of May 1927)
108
109%
•o
7s
stamped
J-D
$47
$35%
v.
v.,
.
.
M-N
1951
100%
19
._
M-N
A
2%s
to
W
M-S
1958
to Plan
105
96
J-J
6%s stamped.1958
(Peru)
7s
pursuant
105
12
100% 100%
100%
107
90
6
108Va 108 >4
$126
127
,
106 Va
126
$105% 106%
J-D
1952
Joaquin Lt St Pwr 6s 3
6%s stamped
:■•■■■
37
35
36
1. ■.
.8
.
Sheridan
Wyoming Coal
Southern
California
Edison
Southern
California
Southern
Counties
1st
—1947
6s
'
■
$105
—
M-S
106%
106
106%
44
A-O
108'%
108 % 108 %
2
—
M-S
107
100
103
A Rio
A Russian
M-N
102% 103
Gas
..
104%
—1989
Standard
86
M-S
100 %
108 Va
$107% 109
98%
%
99
'
5s
J-D
1958
to Plan A
Interest reduced to 2Ve3——2008
89 V*
106%
M-S
(A G)
$17%
2
—2022
Spalding
$48
J-D
55
Southwestern
8s
A-O
1931
1972
99'4
F-A
L
1947
(issue of Oct.
108% 108 Va
F-A
—1970
St
$48
A7s
105%
105
106%
$104
J-J
—1951
Southwestern Gas & Elec 3 Vts
P
m-n
1927)
Mortgage Bank of Chile 6s
Mortgage Bank of Denmark 5s
A Par ana (State)
7s
(Calif)-
Rys 4s
27
de
6VaS
Janeiro
Stamped pursuant
"
Debenture
gold
Standard
a
96%
104%
103%
1031/8 103Vi
12
96%
104 %
F-A
103%
103% 103%
4
96%
J-D
104 %
103% 1041/8
7
96%
.—1957
F-A
103i%
103
103Vi
20
96%
104Vi
1957
F-A
103%
103
103Vi
12
96%
1037/a
1950
debentures
Power
&.
Light
A-O
71
71 Vi
11
58
38%
46%
46%
46%
ta
•
<
J-J
1
6s~
5s
103
J-J
2 % —.2012
to
37%
46 y4
$37
--
36%
39
37%
1919
6%s
J-D
8%
7%
8%
209
sy4
22
1921
Government
J-J
8%
7%
8%
75
5V4
21%
'
-
A5%s
•No par
value,
sale,
rCash
71 »/3
d Ex-interest,
Deferred delivery sale,
a
e
Stinnes
(Hugo) Corp—
A7-4s 3d stamped
A Certificates of deposit
Stinnes (Hugo) Industries—
A7-4s 2nd stamped
Odd-lot sale,
n Under-the-rule
Ex-dividend.
x
sale.
r.^
.
^Friday's bid and asked prices; no sales being transacted during current weak.
ABonds being traded flat.
i
..
104 i/a
1966
Dec
starrest Corp lnc
75
22 ^
86 ,-•
104 V*
A-O
.1951
103%r
A-O
6s
6s
a
35
—May 1948
May 1948
6s
Debenture
103%
86
$47%
48%
22
•
1959
a-.
40%
22
86
-
45
to Plan A
reduced
Interest
(stamped).
Conv 6s stamped
45
pursuant
Stamped
Electric—
St
6a
1947
A
—1971
Indiana
■
1965
mtge 3s
Southern
v."
3V4S— —1970
Gas
Gas
3s_.
■
J-J
J
,
%<jT;
,
§ Reported in receivership.
1946
J-J
1946
A-O
47%
301/4
42
141
27
48
Abbreviations used above—"cod,"
certificates of deposit;
tive; "cony," convertible; "M," mortgage;
41
41
"n-v," non-voting stock; "vtc," voting trust certificate*}
"xw," without warrants.
"ww," with warrants;
"wi." when Issued:
45
"cons," consolidated; "cum," cumula¬
.MIT
——
v>v.r.
OTHER STOCK EXCHANGES
RANGE
FOR
WEEK
toT
rk't
MAY 25
ENDING
.......
.■
Last
Shares
Par
Arundel Corporation
•
7 %
for Week
Low
20%
20%
Range Since January I
691
20%
Jan
16
class A
class B
High
Low
High
prior preferred-
5%
8'r
Range
of Prices
20% May
Preferred
Consol
Gas
t
v
c
c
L
E
•
&
Power
5'4
100
t
v
36%
•
com
—
Apr
6% May
77
1,732
698
20
Feb
38
77
36
.
2.75
6
37
4%
25
69
Jan
77
155
Jan
164
20
Co
Guilford
Amer
common
Feb
14
Mar
Mar
93
Jan
156%
13%
13%
3
93
--
Realty Co 6% pfd stamped 100
of
A
5
Finance
.
Personal
May
Boston
&
May
Calumet
93
13%
30
91
25
Serv—
7%
preferred
25
Mt Vernon-Woodbury Mills com.—100
Monongahela
West
30
30
210
30
28%
Jan
Pub
Penn
31
31
30
30%
Jan
7
~7
2
7
29
3%
Jan
Penna
Water
&
28
69%
.*
Power common
142
28 %
70
40
28'/4
50
Fidelity & Guar
40%
30
Apr
31%
Feb
Certificate
Line
of
40%
50
Mar
26
63%
Jan
28% May
70
Gas
480
Mar
38
series
40%
Apr
108%
Feb
113
82%
8.000
70%
Apr
85 % May
86
86
3.500
76
Apr
86
First
Range
SS
Anaconda
Shares
Low
;
Boston Elevated Jty
Boston HeVald Traveler
see
Corp.
page
34%
100
r-25
—100
,•
2368.
11%
11%
50
High
34
.
129
130
11%
34%
131
5%
High
.
.
113
-
-
46% Mar
2,438
156%
Jan
60
1,011
9Vs
Jan
108
29
115%
Jan
Jan
55%
168
12%
Jan
34% Mar
131
May
76%:
75%: 76%
365
37
Jan
41% May
75%
76%
360
69%
Jan
77
26.%
27
365
.
Apr
16%
Apr,
Apr
16% May
10% Mar
83
17%
Apr
14
—
•
14
117
10% Mar
16
Apr
17%
—
—
14%
13%
17%
235
14
Apr
19
Apr
15%
«.
•to 4*
16
185
13%
Jan
16%i
161
41
23%
Jan
53%
6%
Mar
19%
19%
10
1 %
1%
Feb
57"% Feb
Feb
9
6%
Apr
37
16%
Jan
30
1
Mar
lVVJin
91% Mix
142 '
88%
57%
.
88
89
150
78%
Feb
57%
57%
25
47%
Jan
3%
15
3%
Apr
103% 105%
455
101V4
Jan
•
'
3%
105%
21%
Feb
59 %
Ai>4
4% Max1
109
Feb
Mat
85
86
71
Jan
87
17%
17%
100
14%
Jan
21% Mar
19
lnc
/
.
•
12%
12
12%
415
12
•
1
common
34
33%
34
105
31%
23%
24%
16
—
61
Electric
24
47%
46%
49%
*
—
Stores
24
*
Sons Co
43%
42%
44
15%
16%
*
AV
14
'
.Ji'fx
Jan
36
Apr
Jan
24% May
May
•
—
—
Bakeries
$7
conv
pfd.
103
103
*
15
Mass
•
Copper
(Del)
Corp
RR
vtc
Associates
Mergenthaler
24
MAy
Jan
51 Va
Mt(jr
2,443
37%
Feb
44%
Afay
120
Linotype
..
20
Mar
27% Mar
Narragansett
National
Service
Assn
Cos
lnc
1%
Jan
2'/4
Apt
35%
Jan
40%
Apr.
7%
60
7%
10
100
370
56%
57
215
1%
68%
1%
68%
1
15%
15
15%
20%
19%
21
1
39c
34c
40c
45
45
118%
-
fob
150
10%
England Ga8 St Elec Assn—
preferred
*
Tel & Tel
100
North Butte Mining
—2.50
uU
584
10
5%%
105
2%
500
110
785
790
6,939
New
New England
Jan
39%
5
Rac'g
Nash-Kelvin ator
100
2%
44
68%
Jan
17
37%
44
•
13% Mar
•
1
common—.
preferred
Util
—
Jan
42%
20
100
preferred
Central
common.——5
i
50
—
38%
22
363
Jan
May
76%
27
90
Jan
11%
Associates—
Roy ale Copper
Maine
Range Since January 1
Low
48%
166% 168
167%
•
x
Copper
For footnotes
47.%
lOu
.100
—
Boston St Albany RR_
Boston
Edison
Lines
(Wm)
Hathaway
6%
for Week
of Prices
Par
Woolen
Fuel
&
National
Lamson
8 ales
Week's
Last
Sale Price
American Sugar Refining
American Tel & Tel
Jan
IOV4
100
May
Boston Stock Exchange
American
—
.
Employers Group Assoc
Engineers Public Service
Isle
Friday
60 Vi
282
16%
6%
preferred
Kennecott
STOCKS—
126
15
May
82
1975
1975
A
$500
113
113
—
Baltimore Transit Co 4s
5s
Co
Gillette Safety. Razor Co
5%
82
16%
May
Conn—
indebt
Va
13%
80
14
52%
prior preferred
General
Coast
^
Hid
8% Mar
Bonds—
Atlantic
100
100
100
•
100
100
100
Eastern Mass Street Ry common_.__100
6% 1st pfd series A
100
6% preferred B
100
5% preferred adjustment
100
4%%
Filene's
U 8
100
100
-10
Boston
East
Eastern
New Amsterdam Casualty
January 1
Low
High
Low
5
RR
Hecla.—
Service
6%
pfd vtc
Trust
Prop
Providence
&
Eastern
Houston Oil of Texas 6%
1st pfd stamped
Boston
Cities
Fidelity & Deposit Co
Range Since
Mar
11
155
stamped
pfd
1st
class D
•
T
Shares
preferred.....—100
;
class C
10%
Bait Transit Co common
1st
stamped
pfd
1st
Stamped
7%
V- 1
'
RR—
Maine
&
Boston
Last
•: ■"
for Week
of Prices
Par
Sales
Week's
Friday
Sale Price
STOCKS
Range
Sale Price
STOCKS—
Baltimore Stock Exchange
■
I
Sales
Week's
Friday
117.
-50c
.
118%
61c
125
340
2.222
Jan
11% Mat
Jan
46
Mar
5%
Jan
10%
May.
41 Va
Jan
59 %
May
6%
40
Jan
1% Mar
64%
Apr
70% Mar
1
7%
Jan
15% May
15%
Jan
22% May
25c
Jan
49c
42
Jan
109%
Jan
30c
Jan
50%
119
72c
Feb
Feb
Mar
Feb
.
CHRONICLE
THE COMMERCIAL & FINANCIAL
Monday, May 28, 194,
OTHER STOCK EXCHANGES
RANGE
Friday
Week's
Last
STOCKS—
RR
(N H).
Low
_100
125
STOCKS—
Range Since January 1
Low
125
115
Colony RR
Pacific
100
4%
^
125
Katz
May
Drug Co common
2,545
30c
Jan
5
Ken-Rad
May
•
Pere Marquette
47 Va
47%
477/a
75
38Va Mar
50
47% May
39%
38%
39%
2,051
33%
Jan
36'/a
367/a
36%
10
20%
Jan
i 37%' Apr
2'/a
2%
615
1%
Jan
:
Ry—
Button
Rutland
RR
Shawmut
Stone
25
St
$4
7 %
Mach—
*
preferred
13'/a
Elec
8%
jr
15'A
Inc
12%
LaSalle Ext Univ common——
3%
—®
Securities
35
12%
2'/a
300
1%
15%
15%
84
7%
——*
Co
7
105
*
Drill
United
&
Co
common
Fruit
39%
>"■>-
Jan
2
Line
10%
Jan
14
Feb
4%
50'
Jan
95
105
Material
McWilliams
7% May
Feb
Mb pes
May
25
D)
36% Mar
33%
20%
160
15%
877
90
common—50
80
30
Jan
34
Inc
*
Co..
21 Va May
102% May
80% May
capital
West
Midland
Feb
50
Apr
Jan
60%
Apr
Monroe
68 Va
182
74%
Apr
62% May
15
42
37%
15%
Chemical
150
13%
Jan
16%
36
Jan
42
33% May
Apr
38
May
Bonds—
Tel
3s—_—1956
conv
125% 125%
$100
118'/a
•
Boston
&
Maine
/v
Feb
1/
i.V'r
preferred
Cylinder Gas
Nor
125% May
300
13% Mar
16 Vb
38
14%
160
34%
13%
40
Jan
17%
35%
Feb'
38-
7%
Jan
7%
Jan
300
6 V8
Jan
100
5Va- Jan..?1:
50"
-
24%
1,100
15%
13
Apr
7% Mar
6% Feb
Jan'
3%
1:3 %
10%
Jan-1
28%
Jan
West
Util
7%
15% May
38%
-
1,700
2%
Jan
4%
12%
100
10%
Jan
13%
Feb
54 %
110
48%
Jail
55 %
May
1,200"
I:
u%
15%
28%
32
400
39%
1
preferred
41
350
15%
18
18
V
18'
150
V
13% Mar
15 % Mar
-
36%
Jan
?
17%
Jan
.
50
11%
25%
25
25%
450
23%
53
55%
320
43
15 3'sr
May
19
Jan
16
16
14%
14%
2%
ll%Mav
r
mortgage 4% %
series A
1970
74
74
1,000
72%
Jan
77%
Omnibus
Apr
Corp
6
common
.50
16
16
1:
Parker
Pen
Co-
(The)
Peabody Coal Co class
6%
preferred
Penn Elec
Friday
Week's
Last
STOCKS—
Range
Adams
(J
Admiral
D)
Mfg
Corp
common
tor Week
of Prices
Sale Price
Par
Shares
Low
May
57% Feb
16% Apr
Jan
*
16
16
16%
14%
12%
14'/a
*
9
8%
9
170
200"
*
17%
18
48
48
Mfg
Public
Co
Service
pfd'~
American Tel & Tel Co capital
Armour
100
Equipment Corp common
Asbestos Mfg Co common--—
A they Truss Wheel capital
common—
Secur
Cities
Club
Service
&
Co
10
Apr
May
27%
Feb
100
5%
Jan
7%
Feb
400
32 %
Apr
37%
Apr
36%
7%-
Jan
230
99 y4
•
106
104
2%
17%
;':V-
cum
Four-Wheel
100
21
y4 Mar
19%
100
16
„Jan
8%
17,000
7%
60
60%
700
53 Va
Jan
38
35
Jan
Apr
Jan
9% Feb
60% May
May
38
200
25 ya
Jan
38%
200
54%
Jan
69
Apr
%
300
93%
Jan
1,900
16 V\
Jan
1,300
115% May
21% May
3%
Jan
110
60 %
28%
Jan
71 Vb May
Jan
7%,
Jan
31% May
12 % May
•
71 Va
30%
30%
10%
10%
11%
19%
19%
50
10 %
10%
105%
31
x71
71 Va
31
4,900
1,400
Feb
50
10
Feb
70
105 Va 107
17%
20Va May
11 % Jan
104
Jan
108Va Apr
31
31%
100
23
45
100
25
40% Mar
25
100
19
18%
18%
100
22%
23
200
—8
4%
40
17%
1
„
38%
110
com
Indiana Steel Products
common
Iron Fireman
Mfg Co Vtc
page 2368.
39
Mar
24% May
5% Mar
44
May
125
35%
Jan
40 Va
Feb
36 >/2
May
38 Va
May
36%
38%
300
16%
13% Mar
1,150
18 7'»
450
67%
11
1,100
Feb
16% May
13%
Jan
100
10%
16
300
17%
13% Mar
18
900
16
20%
21%
!
Jan
13%
Apr
15%
900
12%
450
190
48
Jan
57% Mar
17
Jan
23
25
56%
56%
57
21%
21%
21%
300
4%
4%
600
1
*
10%
32%
10%
33%
27%
8%
100
15%
100
l5Va
5V4
150
28
23%
23%
8
23
8
23
200
400
150
Va
3%
7%
20
26
Jan
Jan
Jan
15 %
85
May
Apr
6% Mar
20% Mar
16
Jan
700-
16%
Jan
200
76%
Apr
87% May
250
33
Apr
46% Jan
Rath
Packing
Raytheon Mfg
common
Co
6%
10
pfd
33%
—5
Sbngamo
Electric
Co
Cummins
common
capital.^
(new)
G
&
E
15
.
•
16
.
———
5%
pfd
14%
Stockyards capital
Standard
Oil
of
Indiana
capital
Texas
Carbide
&
Carbon
United Light &
Rys w i
United
U
S
20
5%
May
Jan
11% Mar
37
Apr
Apr
29
Feb
xl9%
Jan
Feb
400
25%
6%
Jan
22
15'/a
Apr
17% Mar
.
Mar
22Va
Jan
26
110% Mar
113
50
26%
3,600
3%
17
Apr
May
May
35
Apr
4%
Feb
Jan
37 %
36%
5 / rnsm
20%
12
1,000
600
100
5% Mar
23s/a- Jan-
100
20%
% Mar
38% May
4%!- Feb
6
Mar
13
Jan
15
Feb
500
14
Apr
16%
Feb
31
Apr
34%
49%
Jan
55
May
Mar
14%
v 14%;
Mar
1,400
14%
16
.
14%
50
21%
Apr
25
53
53
53%
200
25
20%
19%
20%
900
17
Jan
Corp com..*
21
40%
40%
41
550
36%
Jan
41% Mar
79
Jan
cap
i
*
92
17%
12%
common
100
1,000
12%
100
65%
66%
17%
67%
1,000
1
Telegraph com
Corp new
9%
*
Elec
92
17
12%
1
•
100
48
35%
\
9%
...
*
13
Yates-American Machine
capital
5
common—_£
7%
Apr
May
13
Jan
69
May
May
58%
7% Jan
10% Mar
48% May
37%
20 VB
150
67/b
1,400
Xl3
7%
,
1,400
6
650
11% Jan
10%
200
8 % Mar
8
1,350
40
40
200
37^4 May
20% May
Jan
13%
10%
•
18
12
44% Mar
33 Va May
14% Jan
6%
2
93% May
14% Mar
500
35
6%
Feb
200
48%
20 VB
*
Wisconsin Bankshares
common
Woodall Industries common
Corp
14% Apr
15
May
6% Feb
Jan
34
common
Radio
5%
33%
Wieboldt Stores Inc com
Williams Oil-O-Matlc
Zenith
113*
25% May
113
33%
Utah Radio Products
common
Western Union
200;
26% Mar
Jan
Mar
33%
10
Specialties common
Steel
18%
1,700
-
14% Mar
23% Jan
100
4%
1
Corp capital
Co (The) oommon
208 South La Salle
Street
Union
Feb
33 V*
f
5
Sundstrand Maohine Tool
commons—5
8wift & Co capital
23
Apr
16%
4%
25
Sterling Brewers Inc common
Stewart-Warner Corp common
Storkline Fur Corp common
5%
22%
15%
*
1
...
550
16%
16
Jan
■'500
1526:
113
2
Standard Dredge—
Common
6%
16
—100
common
St Louis Nat
200
100
25%
—5
cap
4%
.11
100
113
V 6%
—*
Works
26
24'
25%
113
::
150
18 % May
Jan
800:
14'%'
24
<
50
20
•H
113
—.1
—....
Slnolalr Oil Corp.
South Bend Lathe
'Southwest
0
;.
5Va
18%
14%
*
Roebuck & Co capital
BWrlck Corp class B common
Signode Steel Strap Co—
5V8
.
20
——t.l
Sears
Common
33% ,33%t
-
5VB
Common (new)
-50c
Rollins Hosiery Mills
common—_____4
American Radiator & St
San com
Anaconda
.•
Copper Mining
,.50
Topeka & Santa Fe
Ry com_.100
Bethlehem Steel Corp
common
•
Atch
Curtlss-Wright
General
Electric
Interlake
Martin
Iron
14'%
7%
37
8V2 Mar
14
Jan
Mar
Jan
10% Jan
9%
Jan
42
Feb
Corp
34% May
76%
Jan
95%
Apr
77
200
67%
Jan*
81 Vi
Apr
6
300
5%
43 Va
20%
28
1
Brands
J
common
100
100
20%
21
x26 Va
28
•
31%
317/a
53%
Feb
8% Mar
23
May
11%
Jan
15% May
6V2 Jan
Jan
38
Jan
9
Mar
44
May
10% Mar
23%* Jan
27
1,500
15%- Jan
22% May
2,400
22
Jan
27%
400
28
Jan
31% May
200
48%' Jan
53%
Feb
Apr
Apr
19
19 Va
1,000
17
Jan
21
12
11%
12 %
1,000
22%
10%
Jan-
12% Feb
22
22%
1,200
62%
62%
100
25%
27%
1,650
..25
—1
27
..10
19 %
Jan
29%
common
N
900
10
26
52%
(The) common
Radio Corp of
America commonRepublic Steel Corp common
Studebaker Corp common
437/s
10
Pure Oil Co
U S Rubber Co
29% Jan-
100
26-
Paramount Pictures Inc
Pullman Incorporated
of
1,400
5%
common—
Corp
New York Central
RR capital-
Oil
200
34%
92 %
76%
(Glen L) Co common
Standard
14%
-1
34
Co
Nash-Kelvinator
Standard
14-%
92%
34%
-_1
Jan
24
32%
Mar
Mar
Apr
56% Jani
65 Va May
18%
29 % May
58 Va
Jan;
May
60
Apr
Cincinnati Stock Exchange
Friday
Aluminum Industries
American
Laundry
American Products
Baldwin
Burger Brewing
Machine
Sales
Range
for Week
of Prices
Shares
Par
—...
Week's
Last
Sale Price
STOCKS—
Apr
300
100
5
39 % May
»
18%
'
,
23%
84%
15%
Mar
21% May
87%
17% Feb
Jan
15 Va
*
84 %
"5%
1
107
18%
21% Feb
18%
12%
*
84%
*
common
19 % Mar
Feb
10%
2,750
Jan
1
.10
100
common
70% May
16% May
16% Jan
8
100
900
18% May
Jan
16%
17%
21%
17% May
62
69%
16%
15 %
*
1
—
Jan
Apr
4,200
•
B
common
4
17%
18%
68%
*
•
Jan
18ys
1,350
14%
10
•
15
25% May
18% Feb
38%
*'
10
Jan
31% May
46% May
16
&
Heln Werner Motor Parts
Hibb Spencer Bartlett
common
4%
44
Jan
38
15
39%,
Jan>
Unlisted Stocks-
45
*
38%
B
5% May
1
33% Jan
69% Jan
13 Va'- Jan
21%.
39%
May
8% Mar
18 Vb Mar
50
Apr
25
93
83
Westinghouse
67%
111% 115%
*
27 % Mar
20%
36%
5
Auto
see
Apr
5%
.
Heileman Brew Co G
cap
For footnotes
20%
20 VB
(new)
Light
May
5
*
&
50
,*
Gillette Safety Razor
common
GoBsard Co (H W) common
Great Lakes Dr & Dk com
Indianapolis Power
Jan
38
*
Illinois Brick Co
capital
Illinois Central RR
common
Indep Pneum Tool vtc new
8 Va
100
4% May
130
19
(The)——
class
Jan
5%
1
V-
Houdaille-Hershey
82%
19%
:
General Motors Corp common
General Outdoor Adv
common—
Hupp Motors
Jan
U Jan
340
10
pfd—100
Dock
14
4,900
66 %
common
Drive
300
2%- Apr
17% May
18
35%
Mar
108% Mar
23
8
28
Jan
23
8%
60%
-*
May
19% May
•
Electric Household Utll
Corp
Elgin National Watch Co.—
'
4
125%
8
%< Jan
1,050
19%
5
common
Connell
17%
3%
122
1
&
2%
120'
650
2
Trane
18
*
Co
106
2%
17
3%
125
*
—
common
v-•
6%* Jan
Jan
*
Simons
450
13%
Eddy Paper Corp
'
8
22
com
—
Fltz
36%
800
Domestic Industries Ine class A
•
35%
7%-
250
part shares vtc B
common
7%
Feb
32
100
Dodge Mfg Corp- oommon
Doehler-Jarvis Corp
Dredge
?*'.*<
100
19
Dixie Cup Co common
*
9
13
Jan
*
Eversharp Inc
Jan
Jan
Co—
Co
Jan
16%
10% Mar
Apr
32% May
20% May
Jan
5
Cudahy Packing Co 7%
Deere
26'
750
27
—
common
Dayton Rubber Mfg
50
500
6
3,850
106%
48
*
Spiegel Inc
19
24
part shares vtc A
Common
32%
Feb
23 %
1
Lamp & Stove common
Commonwealth Edison common
Consolidated Biscuit common—
Common
16% Janv
18%
Coleman
Consumers
100
12
-•
Uten
6% May
7V4 May
26%
common,
Co
Jan
500
50o
preferred
Aluminum
Jan
200
1
for common1
Chrysler Corp
9%
3
5%
32
*
Convertible preferred
for 5%
7% Jan;
100
1,800.
18%
common
Chicago Flexible Shaft common
Chicago & North Western Ry—
c
600
Jan
26%
common—.
c
Mar
1%
10
Chicago Corp common
t
17
87/r Jam
21% Jan
3% May
25%
——
t
100'
3,750
20 Va
6
8
21
15% Feb
33% Jan
4% Jan'
Quaker Oats Co
Sthwitzer
28%
———-—*
V
167% May
Jan
25%
Central States Power &
Light pref—*
Chain Belt Co common—
*
V
Jan
6%
10
Convertible preferred
Central 8 W Util common
'•J
158%
Feb
32
5
—
Cherry Burrell Corp
49% May
25%
-1
Preferred
Apr
*
common
Corp
Jan
19ya
*
pfd
(A M) common
Illinois Pub Serv $6 pfd
111
11 Va
135
32%
9
Jan
Jan
11%
11%
1
Castle <fc Co
Cent
17%
124
20%
1
Ring common
Brothers
7%
17%
1
Piston
Central
17%
5%
?
r
10
Common
(E L)
8%
5
7%
*
Brach & Sons (E J)
capitalBrown Fence & Wire class A
Butler
3%
1
common
Belden Mfg Co common—
Berghoff Brewing Corp
Mfg Co capital
Burd
18%
3%
8
3
Binks
Bruce Co
18%
3%
8Va
Feb
39% Jan
620
7%
1
3
15% May
8% May
100
7%
4
common
Bastian-Blessing Co
167% 167%
18%
Jan
16%
60
1
Aviation Corp (Delaware)
Barber Co (W H)
130%
~7%
5
Aro
Washer
128
100
Co common
Automatic
130%
Jart
,
100
American
1
15%
450
*
Chalmers
High
10%
8,700'
Allied Laboratories common,:
class
50
"7%
105
capital—
Lt & Coke capital
Co' (The)
7%
10
Range Since January 1
Low
Allis
5
47
Pressed Steel Car common
High
1
common
Aetna Ball Bearing common
& Co
Potter
47
«
.—100
RR
Peoples Gas
Poor
Sales
B com
——
Switch class A_.
Pennsvivanla
Chicago Stock Exchange
10
com
Feb
25 %
;
Feb
12%
100
;
May
A»r
Apr
41'
Jan
55%
100
12
Feb
32
>
"
Inc
Apr
i
12%
54
12%
—"
common
RR—
;
'
1
common
Feb
Jan
Mar
108% May
14% Jan
100
4
May
24% May
108% May
8% Apr
3,100
37
May
9%
18% Jan-;,
80
150
11
15
.
200
37
37
.
Corp common..—*
Bancorp common
*
Nunn Bush Shoe
'•
1
16 VB
10%
15%
Illinois
Northwest
&
6%
23%
-—*
National Pressure Cooker common—2
National Standard Capital stock..,—10
North American Car com-——
20-
Mar
6% May
5%
'
Northern
Tel
Co
May
500
108% 108%
-
68 V8 May
250'
1,088
":/*
•
2,300
37
■
51%
525
-
American
Corp
4% Mar
United Co-
Convertible
45%
41
56
47'% May
37%
24%
32
35
Feb'..
Jan
8%
,14
1
69
15
12%
52%
38%
i.5%
—*90
com
46
79%
35%
-*
Corp
28% Mar
10...
May
9% Mar
34 %
Apr
16 Va
u—
Prod
Middle
May
Jan
Mar
common
Preferred 4% r/c
Mickelberry's Food
40'% May
62%
64%
9 %
;
„6%
Dredging Co" common.—*
Mfg capital-.
*
Field
58%
46
•
.
12%
5%
Consol
National
Electric
7,300
8%
I
preferred A—
Miller & Hart Inc common vtc
Minneapolis Brewing Co common'.
77
10
System
6%
.5%
—-5
common—
46
77
preferred
385
Co
57%
25
Rubber
40%
99% 102%
lot
'
Westinghouse
200
12
McCord Radiator & Mfg—
$2 % cumulative preferred
Jan
20%
•
common
Smelting R'ef & Min
47%
~8%
Llbby common
7/
Printing Co. common...
1
Lindsay Light & Chemical
com—r-*_
Feb
Mi
16%
33'
5
Co
United Shoe Mach
(S
39%
150
56
—
uboy McNeill 8s
14'% Mar
Apr
300
105
Jan^
14%
593'
7%
105
8
Drug Inc
United
Waldorf
13 Va
*
common
Jan
33%
*
6%
'
Feb
Marshall
Twist
Warren
12%
7V8
>
-r"
2%
—•
*
Jan
900
•;
56
•—50
High
6%
33
■«
—
9'
8%
1,500
47%
pref
com
common
Low
9%-
'
13%
100
preferred
Torrlngtoft
6 7o
13 %
*
Webster
2nd
Union
Hole
Assn
Suburban
U S
common—
*•—J
Range Since January 1
High
,8%
Lincoln
Reece
O
Util
Kimberly-Clark
Leath
Qulncy Mining Co
U
Low
39% May
*—100
RR
Shares
Tube & Lamp common A— -*
Kentucky
Mills
Pennsylvania
for Week
Par
High
Mar
Kellogg Switchboard
Old
Sales
Range
of Prices
Friday
Shares
High
125
Week's
Last
Sale Price
Sales
of Prices
Par
Northern
WEEK ENDING MAY 25
for Week
Range
Sale Price
FOR
v.;
Low
Range S?hce January 1
High
Low
0
21%
100
16%
Jan
25%
Jan
35%
184
32 Va
Jan
36 V4
Feb
1 Va
66
1
Jan
*
1%
—8
14
5 "
100
50
5Q
109
12 V2
496
10
Jan
9
10
9
Mar
3
*
15
9
Cincinnati Ball
Crank...—:
Cincinnati Gas &
Electric pfd
Cincinnati Street
Cincinnati Telephone
High
21%
35
20
3
108% 109
2% May
107% Jan
1 % May
15% Mar
10
J*u
3% Mar
109
Feb
12%
12%
8%
Jan
14
Feb
83
83 %
78%
Jan
83
Mar
161
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4389
.
2363
OTHER STOCK EXCHANGES
FOR
RANGE
Week's
Friday
Range
Shares
36%
210
7
1st
Drug
9% May
Masco
Screw
50
16%
13%
Jan
17
29
50
26%
Apr
33%
40
119
43
43%
13
13
Apr.
May
*
42%
Gamble
;—
Randall "B"
49%
41%
42%
_
_
S
•
*5
5
Apr
13%
Jan
Michigan Sugar common—.
Michigan Sugar pfd
50
Jan
Murray
.
•
4%
May
Feb
Parker
Unlisted—
Feb
Parker
3%
Feb
15
23%
Jan
27
Mar
Peninsular Metal
45%
Jan
56
Mar
Pfeiffer
May
Prudential
4%
20
140
14%
Jan
20
48%
250
43
Jan
18%
18%
18%
19
19%
62
6 V4
277
68%
15%
150
19%
0
408
6"
6 %
19
Jan
10
B
68 %
Feb
1%
1,100
1%
1%
Feb
50c
Oil
67%
20
Jan
May
6
May
4
62 V8
Jan
May
70% May
19%
25
19 Ve May
19 % May
36%
64
28%
Jan
36% May
19 Ve
.
t
Brands
Standard
...
35%
—
Jan
55c, Mar
Jan
2%
800
1%
1%
3% Feb
100
18%
200
Jan
3,490
5%
29 %
Feb
100
23% Mar
13
3%
15% May
3% Feb
Feb
10% May
950
110
3%
892
2%
3%
3%.
409
5
5
3% May
3% Jan
~3%
2
May
26% Mar
Jan
406
3%
10%
3
.1
7% Feb
33
Jan
15%
3%
10%
1*
Feb
Jan
112
24%
15 %
15%
6%
32%
Feb
18% May
Jan
6%
*
1%
10%
Mar
9
13'%
24%
—1
Products..
Brewing
1%
735
9%
18%
32%
—.2%
—
1%
9%
'■
.
Investing
;
(H W)
*
3%
Raisin
Paper
•
—
2%
10
1,200
Scotten-Dillon
10
common
Sheller Mfg
12%
13%
l
Simplicity Pattern
Standard
13 Va
Jan
Tube
B
9
8%
9
1
...
class
3%
3%
3 Va May
4%
Jan
5
Jan
13% May
9% Mar
Feb
1.460
7
Jan
3Va
510
3
Apr
3%
1
com
12%
2,112
2%
Jan
4
3%
Jan
5
6% Mar
8
3%
100
Tivoli Brewing common
1
4%
4%
4%
474
Udylite
Pure
32c
18,513
3%
Jan
19% Mar
"
General
1%
49% May
'
*
,
__
—
♦s
...
35
River
.25
Mill-
Feb
1 Va May
3%
■
6%
Wolverine
Davis
50
4
Rolling
*
10
.
Rust-Proof
Parke,
Rickel
American
5%
2,000
47c
—
Car
5
61
19%
•
Motor
Mar
48%
19%
50
—
3
50
'
50
Jan
1%
1%
47c
10
common
26
4%
25
High
1,020
44 % May
Jan
Corp
55% Mar
325
Low
4%
3 Va
Jan
46
10
60%
60%
,
—10
—
Printing common
Preferred
Vs..
60%
—
-
-
..
Range since January 1
High
4%
WM*-"
i
Jan
■
223
Shares
1 Ve
_^_1
...
36%
15
*
—:
Rapid
S Playing Card—...
U
U
_»
«: 1
Pumps
Procter &
Products
4%
„_l
...
for Week
Low
1
...
McClanahan Oil common
Packard
National
common—
12% M^y
48 : •' Apr
25
49%
100
Kroger
Kinsel
190
•
—
preferred
Feb
Products
Michigan Die Casting common^w-,^,-,!
•
—
39
9%
*
Kahn
Kingston
28%
,
Par
Jan
Sales
Range
Bale Price
STOCKS—
16
16%
—
'
High
11% May
28% Mar
77
9%
IIIII _I_IIHo
Insulation
Low
11%
Week's
of Prices
Last
'■
Range Since January 1
High
•36
36
,—
Art
Gibson
11%
*
Eagle-Picher
Formica
11%
*
Drug
Dow
Low
*
Corp
Croslev
MAY 25
for Week
of Prices
Par
Yards
Stock
Union
Cincinnati
ENDING
Friday
Last
8ale Price
STOCKS—
WEEK
Sales
1
8
7%
8
2,775
1
8%
9%
4,420
5%
Jan
Mar
Feb
*
U
S
common
Radiator
:
common..
Preferred
Warner
Wayne
Cleveland Slock Exchange
Week's
Range
for Week
of Prices
Shares
Friday
Par
&
Ice
America
of
Corp
Brewing
City
Fuel
21%
6%
47
12
7%
"51
Jan
229
20-Ve
Jan
10
20
19%
%
Jan
88%
89%
368
8OV4
631
18%
Jan
a58% a58%
50
*
a58Ve a58%
4
Goodyear Tiro & Rubber common
Greif Bros Cooperage class A
0
J>
a52% a54%
Halle
5
Mfg
Eaton
Goodrich
■■
1
—
iB Fi
Bros
common.:
Preferred
U58%
4
common
—.*
Jones
&
'•■i National
National
Nestle
Tile
class
1
A
62%
class
Brass
57%
Jail
56 Va
16%
Jan
23
Mar
54
85
52
Jan
55
37
469
V
33
Jan
39 Va
Jan
Richman
Bros
Oil
Standard
Ohio
of
Jan
10%
31% May
7%
183
23 Va
5V4
744
4%
Jan
10
15
~3%
3'/a
8
Jan
7%
Feb
<
100
Los
17
/■
2% May
10% Feb
White
35
44%
791
39% Mar
44% May
151
20% May
23%
a49% a51%
73
45 Va
19%
99
14
19 V*
49
39 Ve
25
47
Apr
Jan
53 % Mar
Mar
19% May
31% May
26%' Jan
16
a30% a30%
47
•
Tube
&
Sheet
20 Va May
20 Va
a21% a22 %
%
1
Motor
YoungstotVn
Jan
20%
*
Stores
Drug
16%
27% Mar
Jan
Jan
51 Ve
May
Last
Petroleum
Bandlnl
Bros
Barker
5 Va % pfd—
Consolidated
Furniture Co—
& Gay
Bcrkey
Chica
Bolsa
Jackson
Graphite
Co
Glidden
a30% a30%
55
105
44
Jan
30% May
54% May
Creameries
a
a42% a44
148
37%
Jan
44
May
Douglas Aircraft Co, Inc
10
25%
Jan
32
May
a31% a31%
*
common
a
Inds.__
Dresser
Interlake
>
Oil
y
Jan
49% May
Exeter
a
25% a27%
227
21%
a
—
18 Va al8%
180
17
common
80
a22 % a 22%
416
236
10
27%
Apr
Farnsworth
20'A
Feb
Fitzsimmons
58%
24'A
Jan
Steel
S
a22%
i
—.
common—
a24 V4
Youngstown Steel Door—_—
a
20
Jan
24
General
Motors
Jan
69% May
General
Paint Corp common
Mar
25% May
Gladding,
McBean
Goodyear
Steel
Republic
U
Tire &
Mar
Members
Jade Oil
New
York
Curb
Mfg
Petroleum
Occidental
Oil
Oceanic
Pacific Clay
Detroit Stock Exchange
Sales
5%
Range
for Week
Pacific
Sale Price
of Prices
Shares
Low
1
*
1
•
12%c
.—
Brown,
Burry
-—
Machine—
Adding
Biscuit
Continental
,.
Motors
2%
12%
300
10%
42%
185
37% Mar
2%
1,7.15
2
•17
17
4%
4%
10%
1
common
12%
42%
12%
—
McLaren
Burroughs
High
Range Since January 1
Low
High
10%
1 %
Jan
May
335
14
Jan
710
3
Jan
&
Cleveland
Detroit'
Edison
Detroit
Gray
8%
Jan
270
Steel
Federal
Gar
Wood
General
Goebel
20
22%
22%
■22%
2,137
3 %
1%
1,500
1 Va
6%
6%
23(5
5%
——5
1
2
Stove
Brewing
Industries
:
:
Lock
For
&
423
12
400
4%
1
common—'
footnotes
see
page
2368.
Jan
18%
Apr
25%
28%
665
26%
Jan
29
Apr
15
470
10%
Jan
15
May
a
71
Jan
80% May
%
Apr
115% May
92
28% a28%
29
14%
788
14%
15%
12% Mar
preferred
Rice Ranch Oil Co
2%
18
Feb
May
4% May
12
55%
11
100
10%
Jan
11% Mar
32
1,075
30
Jan
40
15
528
13
Jan
16%
6%
360
6 %
a67% a69 %
974
62 %
Jan
14%
200
23
Feb
2% Mar
4%
Ryan
12%
Feb
14%
19%
131
16 Va
Jan
20% May
209
51%
Apr
57% Mar
56
393
75c
600
55%
a35
28%
27%
5
9c
32
2.940
155
12c
9c
15%
60c
50
5
a35
15%
57 %C 60c
-1
24%
24%
18
18
200
4
Apr
7% Mar
Jan
630
3%
Jan
4%
4%
4%'
6%
6%
6%
2,783
23%
23%
23%
100
5%
Jan
23 % May
5%
4%
9,300
60%
53%
Jan
75c
Apr
95c
Mar
33%
Jan
33 Va
Jan
15 Ve
Jan
32% May
3%
Jan
lie
13%
*
28%
27%
6
13%
1,656
12%
34%
7,743
15 Ve
6%
800
6
Southern
5% May
6%
Feb
bV2%
(new)
Company
13 Va
Jan
16%
Feb
45c
Jan
60c
Jan
100
19%
Jan
24% May
389
17% Feb
18% May
500
9,600
Southern
Standard
13% Mar
Jan
34 % May
Jan
12,050
2,600
17,000
1,200
1.45
4
8c
2.00 Mar
Jan
4% May
Apr
May
23c
Jan
9V4 Mar
6% May
26
700
20
Jan
29
Feb
32
1,400
29
Apr
40 j
Jan
May
450
6%
Jan
10
38%
38%
1,243
34%
Jan
38% May
40 Va
212
38 Va
Jan
41% May
34%
34%
34% May
56%
57
9%
10
i
34%
1
6%
100
34 % May
455
51%
Jan
58
a50% a51%
25
10
•
*
30
-15
—25
*
1
Taylor
Calif Edison
45
48%
Jan
52%
'/a
6%
2,300
48%
48%
100
6
41c
-
41c
12
12
12
25
25
Pacific
Oil
Oil
Co
Transamerica
&
Company.
of
Calif
Corp
Milling
Transcon
Co Ltd
B
class C
Corp
Corporation.:
Western Air Inc
—•
•
1,800
496
8%
800
a22 Ve a22%
220
8%
•,
*
Feb
Apr
a27%
5%
48
33c
10 %
8%
Jan
Jan
49% Mar
Apr
43c
Mar
Apr
13%
Jan
10
6% May
Mar
.iMay
23 V*
Apr
23 Va
47%
50
41%
Jan
47% May
a27% a27%
20
26%
Jan
27%
47 Ve
—
11c
11c
65
65
8c
8c
5.000
206
4,000
4e
54
8C
14c
Jan
65
Jan
10c
May
Apr
Feb
Apr
May
Apr
16%
16%
643
15% Mar
17% Mar
15
15%
850
11
Jan
15% May
30
30%
1.936
31
31%
886
30%
31
31
172
30
46
835
39 Ve
39
--
!*>%
25
class
preferred
Jan
7%
7
Feb
19c
Feb
40 Va
1
Corp
preferred
Apr
Jan
May
4%
16c
Feb
26
*
2ft
1
*
Corp
Oil
Aircraft
Sunray
13%
1.95
Apr
30
32
& Gas Co class A—t——*
Petroleum Co of Calif
1
23 Va May
8
4
15c
Feb
9 Ve May
70
1.751
6%
7
Signal Oil
Solar
62%
1
1
1
1
Co
Stores Inc
Trading
8ierra
Signal
758
1.85
4%
common
Corp
Aeronautical
Security Company
Shell Union Oil Corp
13% Mav
303
Oil
Richfield
Jan
9%
Feb
Feb
70% Mav
55
14
Mar
Jan
Feb
8
May
75c
—
0
*
50
5%%
9% Mar
68%
1
7%
Feb
11
na
Republic Petroleum Co common
43
May
Jan
!
19%
25
Co
12% May
7% Mar
8%
2%
Car
Mfg—__——
94
120
'
17 Ve Mar
68 %
common
Lighting Corp common
Pacific
Jan
15%
Elec
&
Indemnity
Sinclair
1
Mfg
Motor
Hurd
16%
11%
25
common
pfd
Hoskins
16%
Jan
3
1
Brewing
Hudson
6
10
common
Motors
conv
6%
*
Truck
Graham-Paige
$5
5%
Corp common
Frankenmuth
5% May
21% Jan
5%
common
Motor
1.020
common™10
Iron—.
Detroit-Michigan
Detroit
Nav
Products
preferred
1st
Safeway
Detroit
Corp.—
Company—
1st preferred
6%
Week's
Last
.
Gas
Pacific
Friday
STOCKS—
Ltd
Inc
Aircraft
Northrop
Rubber
4
589
55
•
j.
Corporation
Nordon
N
Mfg
a68
14%
1
Co
Pictures
Monogram
Randolph 3530
Jan
200
20%
10
-
Angeles Investment Co
Menasco
Briggs
Co
5%
4%
115%
DETROIT
Building
Telephone:
Baldwin
...
Apr
20%
6%
10c
1
10c
Corp
Aircraft
Lockheed
Los
Ford
Company
Petroleum
Lincoln
33% Apr
14%
15
1
Co
Lane-Wells
Associate
Chicago Stock Exchange
Detroit Stock Exchange
Co
Car
Motor
Hudson
26
Jan
30
—
^-1
Hupp Motor Car Corp
26 % May
Feb
a80 VB n81%
*
common
Corporation—
Oil
Honolulu
York Stock Exchange
Rubber Co com
Development Co
Holly
New
common
& Co
"A"
Oil Co
Hancock
Watling, Lerchen & Co.
Com
2.85 May
Jan
1.75
14 %
a28%
14%
11
1
10
0
*
Stores class "A"—.
Jan
4%
Jan
21
24%
15
1
& Radio
Television
Jan
3
Feb
2% May
t
28
1-1
class A
Ltd
Co,
Mar
19%
a65% a67%
Oil
1% Mar
Jan
52 %C May
28%
20%
4
—5
Emsco Derrick & Equipment Co
10% Mar
alO
150
Aur
90
4%
——
8% Mar
a
alO
a27%
Iron
New York Central RR com
Ohio
39%
50
48%
a48%
alO
3,160
25c
145
115
•
Products Corp..—
Electrical
Industrial Rayon
America
of
1,64')
2.80
25%
Feb
a25% a26 Vb
•
*
1
a43%
52%
1
5%
52%
3% Mar
50 Va
a31% n32%
a32
5
a52%
2.939
4%
2.75
25%
1
Co.
2,000
2%
4%
4%
2.75
•
Chrysler Corporation
1
Bronze
General Electric common
50c
*
"
.10
Addressograph-Multigraph
Cleveland
Jan
39c
2
Co
Aircraft
40
•
California Packing Corp common
Cessna
700
1
Corp
Broadway Dept Store Inc com
Byron
4%
52%
2%
High
Low
4%
2%
Range Since January 1
High
52%
1
Corporation
Shares
52%
1
Oil
Sales
.ior Week
4%
...50
Corp
Blue Diamond
LOW
l
Co
Preferred
22%
10
Range
of Prices
Par
Consolidated Steel Corp
Unlisted—
Week's
Friday
Sale Price
STOCKS—
Jan
441/2
*
Thompson Products Inc
Weinberger
22%
15
a26% a26%
a 22
Unlisted Issues
Angeles Slock Exchange
Jan
26% May
May
2
5%
Jan
15
2,600
3%
f 20 Va
28
15
8
10
—
Spring Street — LOS ANGELES — TRinity 4121
Feb
Jan
483
30
5
650 So*
Apr
10 V*
44%
.—
Listed
Apr
15%
760
a25% a25%
—
Angeles Stock Exchange
35% May
13% Mar
15%
*
Patterson-Sargent
BROKERAGE
FACILITIES
Feb
Jan
27Ve
12
a32
10.
f*
AND
May
"
B—
Co.. New York
&
FAIRMAN &CO.
Barnhart-Morrow
Ohio
Wire to Allen
Aur
48
5%
*
.
LeMur
5% Jan
May
49 Va Mar
30
.
Refining
61
150
10'A
Brick common—*
.1
common
—1.
Acme
National
Jan
53% Jan
15
*
Paving
Metropolitan
4% Mar
900
COMPLETE INVESTMENT
Member Los
49
139
36%
Cement—
Portland
Medusa
Direct Private
Mar
175
a32
Sessions..^
&
44% Feb
2% Mar
24% Mar
23
15%
Lime & Tr.
Kelley Island
Lamsorr
93
V
50 Va
.54
Laughlin
<.
5%
9% May
Jan
Jan
22%
Interlake Steamship
•-
5Va
Apr
23%
50
-50
.
————
5%
Jan
Jan
1%
1,900
Feb
22% May
Jan
21%
88%
—5
Corp common
1%
High
Jan
20%
Cliffs
4%
37
75
1%
4
Products
Range Slnoe January 1
Low
21%..
■20
Iron preferred-
Cleveland Cliffs
41
1%
■
160
6%
a50% a50%
—
_————
/
High
6%
15
.
*
Controller
Clark
Low
50
Akron Brass Mfg
Screw
8%
41
1
common
Sales
Last
Sale Price
STOCKS—
50
Aircraft
May
,
31
46
42%
1
*
12
e
/a
42%
a6
16
--
42%
a6
a«
2
...—5
45 3
16%
2,420
15
350
12%
4,113
a38% a39 %
179
12%
26%
6%
15
30 Va May
Jan
Jan
|
1
Jan
Jan
Jan
46%
Apr
Jan
45
May
Jan
7%
Jan
Jan
16%
Apr
12% May
10% Mar
28
32 %
31%
Mar
Feb
■
34% May
OTHER STOCK
EXCHANGES
MAY 25
WEEK ENDING
FOR
RANGE
Monday, May 28, 1945
CHRONICLE
COMMERCIAL & FINANCIAL
THE
Week's
Friday
Sales
Week's
Friday
"
'• .V..
i,;,
"
Oil
Union
Inc.—
Lines,
Air
Western
of Prices
Shares
—
1
.
a25
10
Black Mammoth Cons Mng Co..^_10c
Calumet Gold Mines Company
10c
Cardinal Gold Mng Co--.
1
—
4c
4c
25c
—
7c
8c
Viscose
—
Corp
Co
Anaconda Copper Mining
Armour &
*
*
100
14
Co
Tel & Tel Co
Co
Refining
National Power &
28
70
16 V*
Jan
25% May
6'A
Jan
2,000
2c
May
1,000
2%c
7%
Jan
7c
Jan
Company
Corporation
—
3%c Mar
9c
—
Bethlehem Steel Corp
2C
May
5c
Feb
3,000
6C
Mar
8c
Feb
—
—
7%
»
-
—
5
—
__
—
Jan
42%
Jan
100
--
,
36
3
N
25
—
Caterpillar Tractor
10
Company—
__
—
6%
Jan
Oil
Dome
Scott
Paper
Transit Invest Corp
5%
Jan
26%
Jan
30'A Mar
17%
Jan
24%
United
Feb
nr\
$3
Corp
68%
Jan
--
Co—
25
Corp——*
a31
1
Corp.—
Solvents
Commonwealth
Edison
Commonwealth & Southern
1
Jan
73
34%
Jan
38
60
39%
Apr
13'A
Improvement
i
1
1
(Del)—————5
Crown Zellerbach Corp—————5
Curtiss-Wright Corp —.—.—.1
Class A
1
Aircraft Corp
Vultee
Cons
—
—
—
5%
a 19%
:
f.
Jan
42
Corp——
Foods
General
Northern
Great
Interlake
Co
Ry
_———*
i——•
*
Corp
Iron
Int'l Nickel Co of Canada
Tel
Int'l
Tel Corp
&
1
*
Corp
pfd—
Motors
Graham-Paige
a45%
0%
a52
59
May
20%
55
20%
Feb
4%
Jan
110
16%
Jan
302
29 % Mar
17%
1%
Inc,
Loew's,
7
—
23
Jan
9
Jan
12%
Apr
25
Mar
21
116
Mar
May
*
(new)
common
.
529
5%
Jan
6%
Jan
75
19%
Jan
20%
American
Continental Commercial Corp com_
Oil
Ohio
Co
Inc.
—
—.
Jan
Jan
43% May
Follansbee
Steel
225
40% Mar
42%
Lone
Apr
Co
*
—
Motor
Co.
Car
Pictures,
Paramount
—
.
Star
Gas
Fuel
Apr
Mountain
alOVa
10%
Feb
National
Fireproofing
National
Rauiator
205
30
Jan
35
May
427
18%
Jan
31
Oil
Radio
Co
39%
35% Mar
77
Apr
7%
9%
Jan
575
27Va
480
26% May
28% May
201
48%
Jan
61%
22
Jan
27,% May
375
9%
Jan
197/a
Jan
24%
Apr
18%
200
17% Mar
20%
6%
a31%a32%
2,546
Jan
7%
Sears, Roebuck 6c Co
Bocony-Vacuum Oil Co
28% Mar
30 %
Southern
275
48% Mar
51%
Brands,
130
17%
207/e
Oil
Oil
Btandard
Co
12%
22%
1,076
10%
Jan
634
19%
Jan
al0G%all3%
199
101%
Jan
16
16%
a43V'8 a437a
a35% a36%
1,270
13%
Jan
17%
(N
Co
—
25
125
34%
Jan
44%
28%
Jan
33 %
—
Webster,
Studebaker
Swift
Texas
12
'
30',
aG27'a a63%
v
Company
25
*
Co
Union
Carbide
Pacific
Union
Railroad
Steel
Warner
5%
26
Jan
28%
Mar
Jan
12%
Vanadium Alloys
Co
Tel
225
35%
65
:
57 %
Jan
Jan
Willys-Overland Motors, Inc....
Woolworth Company
(P W)
11%
Jan
13%
875
187/a
Jan
31% Mar
122
49%
175
92%
115
117%
Jan
117%
North
Members
New
l7/a
220
180
33%
Feb
York
Stock
Chicago Stock Exch.
28
Apr
32%
New
Curb
York
9%
Feb
1%
800
Jan
1%
Jan
8c
Mar
5c
Baldwin Locomotive Works v t
c__ —13
1%
58% May
Apr
58% May
754
59%
Jan
68% May
190
13%
Apr
15%
325
44%
Jan
35% 35Va
a22% a23%
a45% a46'A
861
35% May
17% Jan
50
60
143
41
Jan
Feb
4874 May
•
37% May
23%
Budd
$5
preferred
Budd
Wheel
Corp
Mfg Co
(E G)
Range
__
•
of Prices
Shares
Low
Range Since January 1
Low
123
17%
Jan
25
2,252
157%
Jan
168
20%
226
16%
Jan
28%
27%
28%
815
25%
Jan
75
75
60
57%
13%
14%
685
10%
84
16
16%
175
10%
Jan
Curtis
Pub
Prior
111% 115%
507
92%
Jan
116 % May
12%
12%
114
9'A
Jan
Inv
5 7o
pfd
63%
65%
242
59%
Jan
65 V8 May
General
—
•
Power
&
Light..
...
Motors
22%
footnotes
1—1
see
page
2368.
Feb
30%
353
27% Mar
31%
34%
37%
797
33% May
37% May
"
■
.
St.,
Shoe
Columbia
Dr
common
Brew
Pepper
5
common
*
Emerson
Electric
pfd.
,
Phone
CEntral
Bell
7600
Teletype SL
-
593
Mar
May
21% May
7
84
::
Brewing
Sales
Range
for Week
of Prices
Shares
Low
com
Pressed
common
Brick
Key
Co
Shoe
common
Knapp Monarch
Laclede
Gas
Laclede
Steel
69%
1,760
28%
60
62
21%
common
50
15% May
15%
25
13%
Jan
24%
25
23%
Jan
113
May
McQuay-Norris
22%
26
May
May
.17
Feb
1st
Jan
Jan
50
16
35%
100
34
19
893
2%
50
40%
41
common
Piping & Sply
Rice-Stix Dry
9
Goods
Wagner Electric
14
4%
5%
25
592
1.225
<•"
com
25
»
—IIIIIIIHIoo
common
•
common
Jan
27%
Feb
39 Va
Feb
41%
Feb
Feb
11
Feb
11%
Jan
15
May
9'A
Jan
8
14% May
5% May
4% May
17%
Jan
22
40
20
Jan
22
May
23
23
120
19
Apr
23
May
31
31
50
27%
Jan
34
22
22
22
25
17%
Jan
Mar
May
22
22%
21%
150
22%
",f
22
22% May
24
1
2,208
20
May
140
140
1
140
May
24
24
; 125
19
Jan
24% Mar
13% May
39%
13
13
18
10
__is
May
2%
Jan
22
22
—
common
19
Feb
23
21% May
21
common-IllII*
common
255
15
13%
5%
>
Sterling Aluminum
Stix, Baer & Fuller
9
15
13%
465
Jan
38 % Mar
»
common
...
8%
15
Z—100
25
common
Candy
preferred
41
Jan
1%
-
17%
Apr
Mar
10%
100
7074 May
28% May
17
35%
17%
113Va May
112% Mar
3
27%
Apr
51
,
113
2%
III.20
common
Missouri Portland Cement
Jan
Jan
15%
24%
5
Light
85
16
Apr
45
27%
*
Christy
Laclede
Midwest
44% May
48
265
loo
•
common
May
1,048
10
50%
24%
—
«
————I*
common.
14% May
1,205
49%
49% May
jqo
75
21
High
Low
49%
•
com
Jan
45%
1
Range Since January
High
50
50%
common
.Jan
May
Exchange
Week's
100
Mar
44%
28%
^
.
2, Missouri
Exchange
«
common
Landis Machine
67%
1871
St. Louis
50
30%
20%
45 %
68
Gimbel Brothers
For
64%
13%
«
Storage Battery
—
Apr
37%
—
Brown
13% May
112%
•
common
preferred
Delaware
Electric
Co
Feb
38
29%
Par
American
National
—5
Chrysler Corp
■
37%
Sale Price
16% May
—*
Jnn
29%
4th
High
21%
_
Co
34
12
35%
stocks—
International
High
166% 168
r
Jan
Jan
220
Last
Preferred
19%
21%
14
80"
Friday
Hydraulic
for Week
preferred. —50
common
5c
9%
12,500
May
45% May
Jan
Sales
''
Securities
Bankers
11%
St. Louis Stock
Falstaff
Week's
v
6c
11%
—
90c
Exchange Associate
Jan
2
al4% al5
48%
48%
22
May
Jan
Chicago Board of Trade
39% May
634
66%
1%
66%
167%
142
Jan
Louis Stock Exchange
Mar
84
-100
Jan
6%
—
300
Jan
—
#
—
4
1%
Apr
Sale Price
common.—. —5c
Feb
2 %• Jan
150
Feb
55
Jan
Apr
Last
Tel
23
118%
*
Feb
84%
—
....
3
2% May
Jan
21
Feb
34
225
95
Friday
Si
12% May
Jan
80
—
Tel
Feb
1%
Edward D. Jones & Co.
Hussmann-Ligonier
American
9%
1,900
29 % May
195
Philadelphia Stock Exchange
American Stores
718
2%
80
__
Autocar Company
12%
St. Louis Listed and Unlisted Securities
39% Mar
a58% a587a
Par
15% May
7%
1
Griesedieck-Western Brew
8TOCKS—
Jan
3
.—1
Westinghouse Air Brake.
Apr
20
..
12%
I
10
8% May
7% May
7%
.*
38% Mar
62
Jan
—
—*
A
Jan
134% 135 Va
1
108% May
39% Mar
—-5
class
Westinghouse Elec & Mfg Co
2%
22% May
Jan
10%
100
*
Steel—
Feb
17%
>.
*
18'A
62
23
—
Springs
Mar
24
230
1%
10
...
Pictures, Inc
Union
Western
38%
29%
6'A May
1 % Mar
355
23
Mining
Toy
Standard Steel
Feb
a90% a92%
al257/aal27%
38% 38%
29% 29%
—
5
—*
Co..
Bros
a90%
10
Corporation—
a52% a54
a44% a44%
18% 18%
.
Company.—100
Corporation (Del)
Rubber
S
.*
Inc
Air Lines
Aircraft
S
Corp...
18%
Corp
United
United
United
Carbon
&
a52%
10
—
..
Water Assoc Oil
Tide
U
* 7,/^A-^''>;,"ul3%'. 13%
—1
27
26 'A 27 %
33% 33%
—
2%
Established
a36% a37%
—25
...
...
Gulf Sulphur
Texas
U
Inc..
Corp
Co
&
12%
—
Westinghouse Electric Corp com...-12%
•
.Stone• &
12'A
•
—
—
Apr
a36%
—
15%
n.25
Apr
77
16 %
29
J%
12%
■i'i.v
7%
12%
common
Apr
'
a36%
(Ind)
7%
*
St.
Standard
15% May
Jan
Mar
a43%
——*
Inc..—.
22%
320
4'A
/
Feb
19 'A
22%
15
Company.—.—.—*
Railway
Standard
100
22%
—
...10
Corp
Glass—
Plate
Co
Rentier
38% May
6%
19%
all3%
2%
'
Apr
38% 38%
a27% a27%
a52% a53a/a
33%
—.
—
240
Feb
100
487
18%
;r
>
Jan
13
90
6 %
Feb
24
24
-
12
34% Mar
11 % Mar
530
—
•
14%
2%
——
Brewing
Pittsburgh
San
Apr
1,450
—
•
America——
Steel Corp—
High
Jan
Apr
8%
10%
—
*
—
of
Corp
Republic
*
■
LotO> ;>
28%
50
31%
May
27%
a52 %
Inc
Pullman
Pure
.
31%
nil
—10
Supply
52%
Jan
v
50
25
—
Apr
Range Since January 1
High
6
—...
i
9%
26
10%
6%
Low
.—10
50
y,
—
,
1
Inc—
Pennsylvania Railroad Co
Phelps Dodge Corp
.
•
177/8 Mar
Jan
8
■
■
Packard
44% Mav
Jan
Sales
13% May
38%
a26Va a26%
24
Jan
13%
Shares
.—5
Brewing-—
9%
634
Jan
27%
10%
—•
—1
10
RR
Aviation,
American
North
I
Central
York
New
North
2%
1%
38%
Jan
405
a607/a a62
ib
14%
Jan
—
Jan
135
386
1,513
for Week
*
Electric common-
Gas &
5%
Inc.———18
—
Montgomery Ward & Co, Inc..——&61
Jan
May
Range
Co
Blaw-Knox
Columbia
50%
McKesson St Bobbins,
1
3
May
125
8%
27%
Apr
Jan
34% Mar
33%
30
1,000
—
1% May
%
1%
Week's
31%
Pittsburgh Screw & Bolt Corp
McNeill & Libby-
Jan
Jan
May
3,456
of Prices
Steel
Ludlum
Pittsburgh
Libbv.
1
6
3
15 A
Par
Apr
18
405
a38% a387/a
a38%
-——*
Kennecott Copper Corp
Feb
158
-
Sale Price
STOCKS—
31% May
Feb
Ik
625
a34
a35%
28% 28%
—
49 %
42%
Last
Apr
67/»
a 10%
—
—
May
10%
8% May
Pittsburgh Stock Exchange
Feb
6 % May
a50% a52%
6%
49% May
45
May
Jan
250
13% 13%
a43
a/4Va
a45
a45%
__
a43%
*
*
Feb
Jan
■)
39%
48%
150
Duquesne
Share Company——5
&
Bond
Electric
General Electric Co
42%
36%
May
•'
255
23
23
10% 11
a34% a34%
25
25
5%
6
a 19% a20
—
Continental Motors Corp—
Jan
42% May
Allegheny
Continental Oil Co
29% Mar
32 % Mar
21% May
98
3,385
1
39% May
19%
320
.%3/
Friday
Commercial
32% Mar
112
100
44 A 44 4
44 4
15 /a
---
Apr
May
27% May
305
j-
2%
2%
May
28%
120
Jan
80 % May
17%
117
789
*5/®
4
>-
*
common
preferred
United Gas
/U
490
25
25
common
Preferred
7% May
26 %
Jan
475
8%
^
1
Tonopah
Feb
Jan
24%
Jan
237
3l/s
3b a
8%
41
21
20
Feb
39% May
37% Mar
877
44
--
7%
•
49
Mining
Apr
35%
1,890
I
1
Corp
common
98
32% May
150
6% , 6%
al7% al7%
a30% a31
6%
*
*
Corp.
Electric
Columbia Gas &
Jan
8% Jan
Jan
77%
50
34% May
Jan
29'A
226
v
32%
—
Salt
•v
-
Jan
6,248
24% 25%
46% 48%
, .44/8
25'A
50
50
Co common
preferred
preferred
2nd
Jan
574
441
Feb
13% May
11% May
7%
--
200
42
42
57
57
al9% al9%
—
50
1st
165'A May
15 %
5,400
6 /a
31
35
31 /a
2o
Corp
Jan
3,628
38 4
£>/2
a
27,2 28 -a
120 1-0
39 /a
26/a
28%
Reading
48'A May
Feb
161
50
20% 21%
a38
a38%
a42% a43%
;
—.
15
-5
———
\
345
a50%
a76% a777/a
—
.
15% May
12
120
777
28
23
28
23
a50
_.
a77%
(J I) Co_
Service
preference common
4.4% preferred —
Phila Elec Pow 8% pfd
Jan
6%
3,377
38 /a 39 A
^9%
10
•
Mfg
Salt
Pennsylvania
Philco
:i
Cities
JO
12 %
915
11Va
6%
-1
Pennsylvania RR
Philadelphia Electric Co common
May
7,000
440
__
...
Boeing Airplane Co —
Borden Company —
Case
Pennroad Corp
$1
510
a34%
13
Barnsdall Oil CO-—
———-5
Bendix
Aviation
Corp———
5
Corp
Feb
May
lie
10
1,294
12% 13%
12/2 13 A
H
Light—'
Jan
a34% a347/a
8%
8%
a92 % a947/a
32% 32%
..7
7%
—
Locomotive Works vtc
Borg-Warner
Lehigh Valley RR
15%
14% 14%
48% 48%
al66%al677/8
a52
a52
—
al67%
50
—5
100
25
3
;
(111)—
Co
& S P Ry
Baldwin
10c
2c
9c
25c
Corp
Refin
Smelt &
American
Aviation
--
Mar
13%
13%.
-*
50
.
American
Atlantic
—
Lehigh Coal & Navigation
760
Stocks—
Amer Rad & Stan San
A T
—
Mar
25 Va
High
_
High
:
Jan
45
Low
High
Low
Par
20 Va
3.000
Range Since January 1
of Prices
Sale Price
STOCKS—
1
4,117
a7%
a7
10c
2c
V
9c
Mining Co
Imperial Development Co Ltd
Zenda Gold Mining Co
Amer
LOW
"
Mining Stocks—
Juneau Gold
Alaska
Ualisted
21% 22%
20% 21%
a25
a26Va
—
Range Since January
High
* Low
25
10
California
of
for Week
Par
Consolidated Oil Co
Universal
Range
Sale Price
STOCKS
Range
Last
Last
18
39%
40
140
May
50"
.
11%
Jan
50
13
Jan
18% May
365
35
Jan
40
Feb
Number 4389
161
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
CANADIAN
RANGE
LISTED
MARKETS
WEEK
MAY
2365
FOR
ENDING
25
Friday
Canadian
&
Range
of Prices
Shares
Paper
a
common.
Low
Duquesne
Range Since January 1
High
Low
—.
III100
50
49%
51
995
44
Mar
—100
preferred
preferred
T/c
3
160
155
160
40
140
Jan
12c
9c
12c
5,200
2.10
6%
2.10
2.30
32,300
Oil
•
Copper
«
Gas
Acme
3
&
Aldermac
14C
3
14C 15 %C
725
common
.
._100
Canadian Oil.
Anglo Huronian
Aquarius Porcupine Gold
Anglo
Gold
Area
Mines
Gold
Arjon
•
15%
17
98%
99
113%
115
104
105
150
81c
85C
2,400
85c
8!65
9.10
May
14'Ac
Apr
2.30
May
Feb
Jan
Feb
100
Mar
95
20c
Jan
18%
Jan
Jan
117
May
100%
Jan
105
May
73c
1,524
1
Jan
81c
81c
7.60
&5C
10,000
75c
17c 21 %c
36.600
16c
1.13
Jan
9.55
Jan
96c
Mar
25c
Feb
23c
20c
25c
18,700
10c
Jan
29C
May
42c
31c
42c
13,900
27c
Mar
45 %c
Apr
Apr
Ashley Gold
X
13C
lie
13c
8,600
6c
Jan
21c
Mar
Astoria
i
20c
19c 23 %c
46,158
16c
Jan
29c
Crest
1
87c
85c
5,430
49c
Apr
Yellowknife
Mines
Aubelle Mines Ltd
1
Aumaque Gold
1
Gcid
Aunor
Mines
Mines
1
Bagamac
Mines
Bankfield
Consolidatid
of
of
Nova
Metals
Bear
&
A
Blue
Ribbon
4.20
58c
168,325
17c
13,670
17
17
17
27%
27%
14,100
1
100
Mining
l
16c
1
preferred
50
Bonville
Apr
100
15%
Apr
18
Mar
165
26% Mar
30
Jan
17c
15
16,520
28
12%c
14
Feb
Jan
1.52 Mar
1.55 Mar
26,763
5
Mines.
Preferred
1
...
2.75
2.85
4,600
6.30
5.75
6.60
114.500
15
15%
250
37
37
10
Eastern Steel
Economic
Elder
Gold
Eldona
Packers
Power
Broulan
English
Electric
Equitable
22%
161
24%c Mar
17%
Feb
2.35
Feb
1.90 May
Feb
30
Jan
167
Apr
Buffalo Ankerite
Buffalo
Burlington
&
Mines
Steel—™
Co.
Class B
67
67
68
25
lie
10c
12C
19,200
Kirkland
Gold
Mines
•
60c
60c
62c
Exploration
*
6.25
6.00
6.50
*
11%
11%
11%
99
99
99
Steel
55c
48,500
17%
2,005
9
9
50
26%
28
26%
14%
8
May
Jan
Mar
18
40
26%
Feb
27
Feb
26
Feb
25%
915
23%
Jan
25
Apr
20%
Apr
28
22 %
22%
25
45 %C
52c
25,300
330
69c
68C
5.25
41c
40C
21%
6c
6C
72c
42c
5.30
49c
22
7%C
10,700
68c
May
28
May
23% Mar
73'Ac
Jan
May
Feb
78c
65c
May
18%
125
22
May
Jan
3'Ac Jan
9,500
6.50
10c
Apr
12
11 %
12
160
10%
Jan
12
May
21
21 %
1.406
17%
Jan
24
Feb
13
13
13 %
205
10%
Jan
15'/a
Jan
1.80
1.82
1,375
1.70
Jan
2.15
Feb
21
25C
25c.
30c
21c
Apr
9%
1,315
Jan
6
125
Apr
11
May
Jan
22
Feb
20
48%
Apr
33
Jan
6%
53
Apr
Mar
53
170
33%
34
295
171
171
30
158%
Jan
175
Mar
11%
Jan
14
Feb
39%
Jan
46%
23
Feb
26
May
Jan
53
*
*
13%
13%
13%
242
45
44
45
105
26
26
25
*
Bank
May
1st
10
14%
14%
14%
1.095
14
Jan
15
•
12%
12%
12%
1,215
8
Jan
13% May
48%
Canners
48%
50
135
44
Jan
50
*
common
20
15
200
19% May
25%
415
17%
Feb
20
10
Apr
13
Jan
Apr
30
Jan
Feb
May
19%
*
11%
11%
11%
1,240
n__25
29 %
29%
29 %
10
27%
25
29%
29%
30
585
27%
Apr
30
Jan
_•
52
51
52
300
45 %
Jan
52
May
preferred
Celanese
Dredge
common
& Dock
Canadian
Industrial
Canadian
Canadian
Pacific
45
650
19
23
•
1.15
1.15
1.15
200
15
14 %
15
6,284
Ry__
1,845
2.40
2.50
400
180
180
180
40
1
.
Gold
I
100
2.65
2.58
2.67
4,550
1
Loan
Patricia
rj
6%
Cariboo Gold Quartz Mines.Central Canada
21
7
23
25
com
A„•
—*
Alcohol
Malartic
Canadian
20
*
Locomotive
Central
435
24%
19%
Foundry common
Preferred
Canadian
18%
*
Canadian Car &
New
18% May
18
19%
24
Mar
May
20
preferred
Canadian
Feb
•.
preferred
Conv
"
34% Mar
common
Commerce
Preferred
Canadian
33%
.100
..50
Breweries
Mines
19% May
6%
16
Jan
Mar
22'/a Mar
7%
23
Jan
May
70c
Jan
1.35
Jan
11%
Jan
15%
Apr
Jan
2.90
1.80
180
1.89
May
Jan
180
Apr
May
2.79 May
12%c
Jan
33c
25c
Jan
60c
May
Mar
1
24c
23c
27C
26,300
1
35C
30c
35c
9,600
Ohesterville Larder Lake Gold Mines__l
1.80
1.70
1.90
5,394
1.56
Jan
2.42
Chromium Mining & Smelting
*
1.60
1.50
1.60
395
1.15
Apr
1.60 May
1
41C
38c
46c
47,600
_i
3.65
3.60
3.90
7.700
2.94
Jan
•
13 %
13
14
665
12 %
May
Central
Porcupine Mines
Chemical
*
Research
»
Citralam Malartic Mines
Cochenour
Cocksnutt
Coin
Willans
Plow
Gold
Mines
Co
Cotnanrum
Consolidated
Mining
&
Corrugated
Box
May
77,461
43c
Jan
77c
May
7.200
48c
May
68c
May
1.96
2.00
200
1.65
1.50
1.65
3,830
15
14%
15
60
5
67%
67
69%
1,325
49
147
146% 147%
l
107
1.40
6,300
1.35
May
Jan
145% Mar
1:21
Jan
2.25
Apr
1.74
Jan
16
Jan
70% May
149%
Feb
1.60 Mar
45
90
Mar
98
Apr
26
26
26
200
23
Jan
27
1.58
1.65
11,200
41
41
41%
33
.100
96
1
8c
•
58%
•
common
1.50 May
38%
Feb
1.92
42
Mar
Apr
27
1.20
1,350
60c
Apr
1.20 May
5.000
12 %c
Jan
17c
Mar
1.75
.1
Mines
97
12c 13 %C
1.10
*
Delnite Mines
,
com
Preferred
100
...
Dominion
Tar
&
Chemical
Dominion Woollens
For footnotes
25
1.80
2,100
1.15
Jan
2.00
May
7c
9c
28.500
3'Ac
Jan
57
60
180
42%
Feb
1.10
Jan
28c
Mar
Jan
24c
Apr
58c
64c
25,033
27c
Jan
85c
Mar
21 %c
Jan
35c
May
Lake
Ltd
•
60c
1
28'AC
Gold
1
9'%C
.1
16 VAC
•
70c
God's
Mines
Eagle
Golden
Mines
Gate
Goldhawk
Mining
Porcupine
see
page
•
Jan
5,800
21,600
16c
19c
42,800
9c
Jan
22c
Apr
70c
76c
10,000
70c
May
94c
Apr
1.32
32.556
83c
Jan
7c
7,150
3o
Jan
101'A
61
90
54
65
53% Mar
13c
60
Mar
Apr
28%c Mar
Vtc
a
preferred
8
4c
14c Mar
Jan
Gold
Halliwell
54c
Apr
8%
Jan
11%
Feb
5c
Jan
24c
Apr
3c
Jan
15c
Apr
18C
38,160
9c
9c
10c
44,900
3.70
3.70
100
3.10
Jan
6%
6%
220
6%
Feb
16
16 %
100
6%
6%
16
78c
Oil
Gold
68c
Apr
90c
Feb
5VAc
Jan
15c
Apr
65c
100
6'/a
20c
Mar
1.01
89c
1.05
23,064
54'Ac
Jan
81C
86c
30,150
43'Ac
Jan
38c
20c
Apr
65C
18
Jan
20
81c
Apr
1.23
8Gc
Apr
May
Apr
—
1
1
1
Mines
46c
117,200
19%
19%
20
115
13%
12%
13%
3.60
3.60
3.65
3,805
37C
Gas
&
Mines
Gold
Howey
8
18,000
20,500
87,800
1
1
*
Feb
Apr
82c
11c 12 %c
78c
52c
Gold Mines—5
—*
1
Homestead
Apr
Mar
17
Mar
45c
Yellowknife
Homer
16
48c
Paper
Oil
7%
1
Hollinger Consolidated
Home
4.00 May
——1
1
Mines
Dauch
&
15C
11 %c
Cadillac
Hinde
36C
40C
37.400
25c
Mar
43c
Apr
12c
12c
16c
64,100
3%c
Jan
19c
Apr
76c
73c
83c
47,100
27'Ac
Apr
39c
43c
1.910
5,600
45c
43c
3.05
34c
13% May
Jan
4.30 Mar
Jan
1.09
46c
Jan
1,500
30
85
35%
Jan
20
33%
32%
10%
Mar
Mar
Apr
Mar
Feb
Smelting
•
common...
——100
33
10
—*
Imperial Tobacco of Canada ordinary_5
Inglis (John)
i.-*—
—v—6
Inspiration Min & Devel
1
19%
18%
19%
350
18%
Jan
14%
14%
15
3,150
13%
Jail
-,k
15% Mar
635
,12'A
Jan
I
13%
Apr
Bay Mining &
Hudson
Erie
&
Huron
Imperial Bank of Canada
Imperial Oil
«.
«.
90
90
90
19%
May
Jan
12%
12%
13
9
9
9
100
8
Jan
9%
Jan
71c
Jan
1.40
Apr
Feb
%
1.35
1.30
1.40
8,925
28
28%
1,385
21%
A
•
28 %
International Nickel Co common
*
—"
37%
37
38%
2,536
31'/a
Jan
28% May
38'% May
23%
23
23%
2,930
21%
Jan
24 % Mar
1
1.50
1.32
1.60
15,503
International Metals
common
Petroleum
International
Mining
Uranium
International
Mining
Jack Waite
1
*
*
Jacknife Gold Mines.
Jacola Mines
M
Mines
Consolidated.
Joliet
8 %c
—
._
Mines
Gold
Kerr-Addison
Lake
—
Kirkland Hudson
Kirkland
Townsite
Labrador
Mining
& Exploration.
Dufault Mines Ltd
Mines
Lake Fortune Gold
Lake
Gold
Laura
Lebel
Lexinden
Ltd
Mines,
Gold
Little Long
Lac Gold Mines Ltd
class A
Class "B"
Louvicourt
Goldfields
Ltd
Mines,
Macassa
MacLeod-Cocxsr.utt Gold Mines
Red
Madsen
Malartic
Gold
Lake
Gold
Mines
—.——
Massey-narris
Preferred
10
Jan
102
8
2.117
7
725
14
13
common..
Gold
McColl
__———
Apr
18C
Apr
9 %C
14c
10C
9c
12c
6,565
3c
Jan
12VAc May
95c
118,722
70c
May
1.35 May
46c
37.300
41c
May
70c
44c
41c
19.234
19
14%
21%
415
14'%
14%
5,520
14% May
35c
30c
100
27c
Apr
3,000
50c
Mar
4.35
1.29
1.54
55/300
17c
19c
43,100
2 3'A
22%
24
8.10
8.10
18c
18c
17
16 %
1.00
33.915
2.35
Jan
McDougall Segurs Exploration
Jan
10
Mclntyre Porcupine
Mines
4.35 May
1.60
Feb
Apr
753
17 VA
Jan
8.70
786
6.15
21c
14,100
17
205
7c
7C
8c
28.400
1.35
1.40
7,900
9c
16
3c
1.15
35c
Jan
Apr
Jan
17
Apr
Jan
Jan
Apr
40c
45c
23,200
1.40
1.55
9,560
1.23
Jan
26'A
27
27
28
450
25
25 VA
333
1.40
1.55
4.05
23,900
9.15 May
22c
40c
25%
24% Mar
Jan
1.50
10c
1.50
45c
Apr
Feb
Apr
1.70 May
Mar
28
Jan
25
Mar
27
Feb
89c
Jan
2.09 Mar
4.50 May
4.25
2.600
3.85
Jan
2.80
3.15
10,723
2.25
Jan
3.40 May
2.92
2.60
2.55
2.71
5,458
2.17
Jan
2.85 May
3.25
Jan
4.15 May
3.80
10.650
6c
8c
67,500
23
23
6
11%
11 %
25
10
12%
12'A
150
12
10
10
•
2c
Jan
15'/a
Feb
Feb
10 VAc
13c
675
8c
92c
82c
92c
80,200
80c
11%
11
11%
5.736
25
23%
25
3.435
10%
106 %
a
.5
—5
Apr
May
24 VAc
3-65
•
Jan
40c
Apr
3.70
00
100
Jan
1.05 Mar
6 %c
common
Preferred
17% May
15% Feb
Mar
13c
1.35
1.40
1.35
1.44 May
Jan
•
14c
*
20
20
Oil
Jan
1.25
3.60
May
May
Apr
11%
30c
18c
1
46c
21 %
18
1.15
1.30
1
1
1
Jan
30c
4.00
•
•
*
1
5'Ac
1.15
i
1
common
...
Frontenac
52c
H
10%C
May
Marcus
Jan
9%C
*
Milling Co
Maralgo Mines *
Leaf
Mar
28c
42c
Maple Leaf Gardens common
May
5,260
l%c
40c
*
Preferred
Apr
1
Fields
Manitoba & Eastern Mines
Maple
Feb
11,300
13c
17.575
—•-
.
Groceterias
Loblaw
39c
Jan
116,800
3
—1
1
Mines
Gold
Mar
3c
40c
1
Candy
Secorri
Oro
Leitch
8 V2c 1
25c
1.42
1
Jan
10,300
26c
*
Apr
16,200
1.26
Ltd
Cadillac Gold Mines...
18c
VAc
33C
—
Jan
36c
31c
14 %c 15
1.27
Mines
Mines,
Shore
Lamaque
Lapa
*
1
1
1
1
1.60
1.30 May
10c
1
Lake
Kirkland
15C
80c
1
Mining
Kelvinator Co
Lake
}
Quebec
Kayrand
Kerr
31C
-i
1
1
Mines
Jason
Jellicoe
J
.
27
Apr
22'Ac
;
Hasaga Mines
Heath Gold Mines
17
7%
Jan
Feb
1,245
3.70
Mines
Gold
Harricana
Feb
120
Mar
14%
4,800
—
Harker Gold Mines
Feb
1,500
Feb
30
May
44c
•
14%
9%
30
8
10%
*
Gold
Rock
24%
15%
Jan
Jan
27'A
30
May
6%
Apr
23
200
8
Apr
23c
Jan
40c
Harding Carpets
Hard
25
17%
195
28%
8
16VAc
Jan
10%
17 VAc
Co
Bridge
1,532
17
17%
28
28
Apr
Mar
10%
•
Hamilton
17
Jan
26%
.
8c
57
Jan
4
lie
1
Mines
Mines
Hallnor Mines
26
8%
30
1
Halcrow Swayze
25%
Jan
2,000
1.36 May
101% May
Apr
44C
•
Gypsum Lime & Alabastine
Feb
Mar
_
14,300
15C
4%
10c
26 %
v.-
4Vac
13c
15c
4%
4%
~
Jan
7%
54
—
a
18
100
101
a
25%
Jan
1.20
6'Ac
....
355
19'A
1.22
12c
Bousquet
286
9%
11%
9%c
9c
101%
50
19%
15%
2368
6.50 Mar
25c 28 VAc
7c
1
Golden Manitou Mines
27%
•
•
6.90
Golriale Mine
27
common..'
common
Jan
Mar
9c
101% 101%
26
Malting
Dominion Steel class B__
Dominion Stores
6,290
Feb
17
105
Feb
3%c
19
10
s
Mar
12,300
•
Dominion Foundries & Steel
Dominion
15
101%
48,100
17
Ltd
Bank
Apr
105
18c
Mar
1.60
*
Seagrams
Jan
J an
100
*
Petroleum
Denison Gold
1.33
1.45
14
--1
Mills
Aircraft
Mines
77c
55c
•
preferred..
Imperial
Dominion
14
69c
100
Smelting
Croinor Pershing Mines
Crow's Nest Pass Coal
Dome
3.95 May
48c
*
Bakeries
Conwest Exploration
Distillers
Apr
69c
•
Consumers Gas (Toronto)
Davles
75c
50c
L.5
Mines
Consolidated
Cub
Apr
1
Petroleum
Coniagas Mines
Cosmos
32c
Jan
*
Lake
Commonwealth
Apr
100
May
20c
Hosco
Canadian
12
May
16c
Jan
21
21
Canadian
Apr
97
100
17'Ac
Hamilton Cotton
5.10 Apr
8%c Jan
550 -
64,100
21
B
Feb
18c
25% Mar
*
Wire
10 %
May
9.2£ Feb
18c
Jan
22'A
Canada
Preferred
77c
1
Gold
Gold
Feb
4,178
40
Canada
7.05
Jan
6.00 May
1
Glenora
9% Mar
Va
2b
26%
47c
46c
1,806
common
6.90
24
Gillies Lake-Porcupine
May
46c
17%
11
Steamship Lines
30
29% May
59c
135
105
4% Mav
Jan
Feb
1
56c
50c
17'A
6%
Canada
15%
105
Apr
Giant Yellowknife Gold Mines
a
22 %
*
15%
15%
100
*
6
A
*
:
Apr
10
Mortgage
common
45c
11
class
Wares
10
15c
3VA May
45'
102 % 102%
.100
'
15%c Jan
20,109
25c
Permanent
—
Jan
Jan
Feb
Jan
24%
105
100
Power common
preferred
75
21
8,145
preferred
Apr
5 "Ac
12,900
Frobisher
6.25 May
39%
4%
65
45
Francueur
Jan
Jan
3%
1,620
24
Jan
9% May
Jan
37
400
29%
24
4.30
28
Apr
6%
Packers
3%
29
Mar
1
Canada
3%
24
32c
*
Canada
3%
52
•
Malting
A
29%
•
class
Co
Jan
Canada Cement common.
Canada
*
•
...
Canada
Jan
Canada Bread common
Foundry "A"__
1
Mining..._
Aircraft
Heva
jl
IIlOO
Preferred
May
1.80
Calmont Oils
Jan
200
12c
37c
Calgary & Edmonton
Jan
8
425
50
29c
*
23
20
1.920
55c
*
;
5
9%
3%
Mar
»
class A
-
24 %
9%
6.00
34c
29C
•
24%
38%
41,800
21%
.
Apr
3%
43c
•
Extension
Apr
2.23
5.75
common..
39c
39c
30
•
1.20
Jan
37%
General
Feb
Apr
16C
5.75
5%%
38
53c.
38%
5%
15%
Jan
120.800
*
Gatineau
Apr
232,306
1
of
Feb
14
35%
D9e
25
Grain
Co
May
1.20
—*
Ford
May
85c
Fanny Farmer Candy Shops.
Fleet
3 05
6.75
24%
A—
Feb
May
'
Gold. Mines
class
Life
Foundation
Apr
Jan
Mar
38c
85C
Falconbridge Nickel Mines...
Federal
Apr
88c
Apr
9.50
15,758
Products
Bunker Hill
Burns
Gold
Canadian
Building
2.26
High
98c
1.30
51
1
-.1
11%
*
Porcupine Mines, Ltd
Mines..
Gold
Feb
24c
•
.25
Jan
•
class A
Oil.
Trust..
90c
24%
Columbia
—...
Investment
200
25 %
Dominion
21c
1,548
British
British
Jan
1.07
24
British
lie
10%
24 %
British Columbia
72.400
1.05
51
•
20c
10%
25
Oil
15 % C
Oil
10%
Brazilian Traction Light & Pwr com..*
American
2.40
210
21C
•
Jan
167
51
common
22C
165%
9
Ltd-
Cordage
87,940
166
21c
1
Bralorne
Brantford
1.35
Preferred
May
1.75
1.78
Jan
60c
16'A
28
4.25
22'Ac
1
Mines
1.10
2.80
Graham
Gold
Bonetal
2.50 Mar
1.20
Low
..1
Apr
Jan
1
Bobjo Mines Ltd
Jan
1
-1
Apr
1.90
Jan
15c
1.55
80c
13c
1.61
1.69
Jan
1.03 May
10'Ac
16%
1.64
1
Gold
3.60
2,550
50C
*
Mines
Kirkland
Bidgood
Jan
15c
l
Bell Telephone of Canada
Gold
Mar
74c
57c
*
Radium
Bros class B
River
35c
16c
■
class
Beattie Gold Mines Ltd
Berens
38,300
163,100
3.90
lo
Mining..
Power
Belleterre
3.90
47C
1.60
10
Scotia
Exploration
Beatty
40c
1.45
1
Mines
Montreal
Bank
Base
95c
1
Bank
Bathurst
42c
1.45
98c
East Sullivan Mines
Apr
Atlas
46.500
16C
Mining
May
1
Quebec Mmes__
1.50
East Malartic Mines
Mar
1
Mines
Armistice Gold
1.38
Federal
9.00
1
High
1.40
50% May
160
14%
262
104 Vs
Feb
97
45
•
Ltd
1.25 Mar
High
3'%
12c
210
98%
114%
100
Ltd
7%c Jan
23,305 \
17
Preferred
Aluminium
2% Mar
Fft*t
Range Since January 1
Low
1
Co
Mines
for Week
Sale Price
:v.'V v.-'
Power
Sales
Last
Abitibi
Week's
Par
Shares
Par
Friday
STOCKS-
for Week
of Prices
!
Funds
Donalda
.
Sales
Range
Sale Price
STOCKS—
Week's
Last
Toronto Stock Exchange
10%
590
106% 106'A
25
10
12c
62
62
12c
63%
1.000
510
16%
15'Ac
May
92c
8%
105
Jan
Jan
May
Apr
May
11% May
Jan
Jan
8% Mar
21'A
9c
23
Feb
Apr
May
11% May
25
12
107
May
Feb
Feb
May
8c
Apr
18c
59%
Jan
67% Mar
I
LISTED MARKETS
CANADIAN
RANGE
Monday, May ^8, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
FOR
25
WEEK ENDING MAY
Friday
for Week
of Prices
7
Par
McKenzie
Mines
1
1.58
1.56
1.65
I
6'Ac
6'Ac
8c
9,000
Lake
Red
Gold
Oil
Mining Corn
New
&
Knitting
Moneta
,
Porcupine
preferred
1:10
57
Jan
20c
62
Jan
700
5,000
12'/2
500
12 % May
13
100
28
30
25
26
Jan
21
8,450
17% Mar
21
May
1.70
1.60
1.75
55c
64c
37,650
60c
41c
64c
394,350
2.75
2.90
36
53
53 >/2
16c
16c
700
13c
55 y4
20c
Jan
6'Ac Jan
12,200
20c
63c
Feb
21c
47,800
12 %c
Jan
29c
1.20
700
1.10
Jan
.
O'Brien. Gold
O'Leary Malartic Mines
6%
6%
7
200
5
Jan
7%
6
6
150
5'A
Jan
6
3.20
3.45
21,115
3.90
2.26 Mar
30c
35c
40,750
22c
Jan
39c
49c
19,086
34c
Jan
68c
Ontario
Loan
50
110
110
110
aq
107
Jan
110
Orange
Crush
preferred—..——_■_*
10
10
10
275
9
Jan
11
18%
18
135
15%
Jan
18%
*
20
18
20
395
18
Jan
20
101% 101 k
30
99
Feb
33c
73,050
7 A
813
Steel
Products
Ltd
common
—
/
28c
6%
25c
6%
—:
78
78
•
4.50
17'A
4.50
17'A
4.65
110
__
Wright Hargreaves Mines
York
,—
Girl
Knitting
1
55c
17%c
17'Ac
*
common—
—
6'/a
7
475
5
Jan
7
12 "Ac
12'Ac
15c
10,700
10c
Jan
18c
Feb
•
49c
49c
56c
7,200
47c
Feb
67 %c
Apr
1
62c
60c
63c
4,500
50c
Mar
63c
•
114
112'/2
114
64
Toronto Stock
May
•
*
*
...
Page Hersey Tubes
Porcupine Mines
Pandora
Ltd
•
Feb
99
May
115% May
STOCKS—
Partanen
Malartic
Gold
Mines..
1.55
British
Columbia
Credit
Perron
Gold
Brown
Co
common
1.55
1.65
32c
39c
59,908
8c
Jan
41c
Pickle-Crow
Pioneer
Gold
23,500
28c
Mar
64c
Apr
Canada
&
Canada
Vinegars
Jan
1.19
9,750
1.75
Feb
lie
10'/2c
16c
198,400
4c
Feb
16c
May
53c
-\n
50c
56c
52,625
37c
Jan
65c
Apr
Gold
Mines of
C
5'A
100
5%
Jan
5%
Apr
l.60
1.55
1.70
4,600
1.55
May
1.75
3.70
3.60
3.80
3,175
2.40
Jan
5.50
1,450
4.35
82c
8,500
__
1
PorcuDine
Reef
5.35
Powell
River
Powell
Rouyn
1
Gold
Mines
5.35
75c
1
Canadian
Paper
Consolidated
Press
'•
.
4.00 May
6.75 Mar
DeHavilland
1.00
Jan
Dalhousie
75c
Dominion
Proprietary Mines
163A
Apr
1.50
7,900
98c
Jan
2.00
1.35
14,500
81c
Jan
1.65 May
Hayes
(9,
Jan
Humberstone
Apr
Minnesota
Ontario
7%
531/3
54i/2
151/3
i00
2.95
2.95
3.10
16,390
•
Mills
70
May
.12
100
9'A Mar
12
May
20
Apr
1.80
1.15
3,225
60
1.98
Jan
46
1234
8%
9'A
3,136
13%
100
;
V
•
_
10
*'
;:w.
-
1-
*
*
3%
8%
*
33c
.
5
5
74
32'A
,
.
'
-
.,7:.:
v.
Jan
,
13% May
Apr
y
.
.
%
;
•
*. *..
5
Mar
29
Feb
Feb
Foothills
Oil
*
1.35
1.35',
1.35
1.58 Feb
1.28 Jan
800
May
May
60
Steel
*
——
Feb
&
*
,17
Paper
'
13'A
v-
15% May A 7
65
Apr
21
Apr
Apr
14% Feb
12% Feb
205
:
21
21
370 -c
21
13
100
17
21
__
Mar
16
Jan
Jan
32'A May
May
13% May
2.45
May
75
23,i Mar
73
50
•
Jan
40c
Jan
25
,
26
Jan
,15
Apr
3Ta May
9% Jan
^
Jan \
28c
50
*
74
32 V2
—
May
Jan
8
ll'A
..
2,225
38c
33c
,
__
,
Osisko Lake
1
1
1.78
50c
64c
54,800
1.60
55c
1.80
14,280
Feb
24c
1.20 May
Jan
1.80 May
3.40 May
Oreille
11
May
50c
1,000
36c
Mar
60c
Apr
Southmount
*
26c
21c
28,700
15c
Feb
40c
Jan
Stop & Shop
6'A
10
Jan
Supertest Petrol ordinary
*
__
1
1.30
13% May
49c
Temiskaming
Av/
—
1
Mining
12%
*
13%
•
.
6'A
—
Jan
4.00 May
Jan
2
19'/2c
__
common
421/3
__
100
43
95c
1.00
1.05
1.10
10
9.25
10'A
__
6'A Mar
41
30
1.08
400
'
Mar
43
Jan
43c
1.00
5,614
73A
Invest
22c
26c
130
21c
Apr
1.00
1.00
100
55
Feb
100
May
45
45
10
41
Feb
45
May
13'Ac
15c
5,500
•
May
26c
May
Mining
13'Ac
Apr
19c
7%c J&n
1.15 Mar
1.39
Apr
Feb
51,770
18c
Jan
10% May
45c
4Gc
2,500
20c
Feb
46c
V". V"'
.1
Reeves-Macdonald
1
Rouyn Merger Gold Mines
Royal Bank
Royalite Oil
;
...
San Antonio
Scythes
Jan
10c
May
May
10c
Jan
28c
Apr
50c
46c
53c
25,100
36%c
Jan
65c
Apr
l6*/a
16'A
163A
920
15
Jan
17
Feb
20
20
100
19%
Jan
__
«0
33
v-:A
Rouyn, Ltd
32%
4.70
10c
33
435
305'A
__
.1
*
common
310
15
4.65
4.80
11,340
Shawkey Gold Mining
17%
___l
14c
90c
80c
17%
':r,
Creek
Gold
^berritt-Gordnn
Sigma
Gold
Silknit
Ltd
50c
—
Gold
Mines
33
Jan
4.90
18c
Apr
12 3A
May
31c
Jan
1.45
Feb
18
3c
24,400
Jan
17c
preferred
*—*
Mar
Apr
Gold
81aden
2,300
17,771
1.06
6%%
preferred
Algoma
Steel
Mines
13'A
Jan
16
Feb
10%
Apr
10
183A
•
10
141
9
19
210
15
500
226
80c
90c
71,200
58c
Jan
15'A
10%
1
100
58c
3 950
50c
14 000
3c
i.46
1>43
150
6j50
4
4
4%
207
*
1434
1434
143/4
*
7
7
7
Mines
•
1
Sudbury Contact
1
10c
1
3>25
^
1
Tamblyn
(G) common
Teck-Hughes Gold Mines
Thompson-Lund Mark Gold Mines
Conimon-
Mar
May
14
64c
__
Apr
1.84
Feb
Feb
4% May
15
7
May
May
8
Jan
68
Feb
79
May
79
15
2.70
2.78
10 200
79
_
5.15
%.
76c
2.40
Mar
Jan
^
May
3.38 Mar
28c
33c
2,300
20c
Feb
36c
i0c
14c
5,750
43Ac
Jan
15c
Jan
2 80
325
34>419
1.50
3.25
1,820
2.45
Bathurst Power & Paper class
Bell
Telephone
17%
17%
i4n
5 10
5 25
10 920
71c
79c
9 850
15
-
...
3.50
of
British
see
page
2368.
Jan
14%
Jan
19
Jan
25
97%
Feb
99
Jan
535
114%
94%
Jan
117% May
Jari
105'A May
104
65;
Columbia
Class
Power
Corp
"A"
*
B
«
Canada
Cement
51c
Preferred
Canada
100 %
May
Canada
~}oo
2,450
620
28%
Feb
30c
35c
7,700
24 %c
Jan
105
105
10
100
Jan
8.600
13
205
>
1.60
11
Mar
Jan
Jan
Jan
Jan
24 %
May
3.05 Apr
34
48c
108
3.15
14
24%
14%
725
Mar
Jan
17%
166
136
25
6,139
22
30
21
25
2
May
70
11
Jan
Feb
161
Apr
Feb
May
166
Jan
2
21
11%' *
258
21'A
;
11
25% Mar
22% Feb
21
Iron
Canada
Foundries oommon...
Northern Power
"16
Steamship
5%.
*
16
«
8%
•
common
preferred '
13%
15
10
*
20
8 %
•7
15
Feb
365
"
13 V2
13%
247
12%
.12%
7%
105
45
Breweries
common..
Preferred
New
1
Car &
Foundry
12%
/
Celanese
Preferred 7%
Canadian
Class
Ind
common——!
*
___Z! IlOO
]
Feb
Consolidated
Consumers
50
May
3,620
10
Mar
13
Jan
29 «A
270
28
Apr
30
51
51%4
185
46
Jan
51% May
165
46
43
Mining &
Glass
,
«
Smelting—I
6%
6%
22%
15
14
14%
39
May
70
26%
33
...
Jan
Jan
Jan
165
May
46
May
27%
Mar
Mar
47
470
6%
Apr
7%
Jan
200
6%
Apr
7%
Jan
*
23
May
23
3.940
15
14,150
3.1%
Feb
15%
1.020
12%
Apr
14
May
746
49
Jan
70
May
355
33
Jan
39
May
13
14
67%
5
*
17
Jan
46
105
v
6%
6%
160
65
27
43
44%
55
46
6%
" 25
ZZ~ •
72
163'A 165
27
Locomotive
Feb
Jan
11%
6%
Pacific Railway
Plow
13% May
50
43
common—..
Canadian
Jan
29'A
.100
"B"
Cockshutt
Feb
•
8 %
ll'A
common
Canadian
J«n
13Feb
<46%
2 9'A
_
Apr
Apr
50
—25
Alcohol
* f
Ja«
10%
Jan
.
Jan
-
16
Jan
40
22
11%
common
preferred
Canadian
2,860
,.
Jan
11%
: ~
May
11
123
Jan
25
Feb
Feb
Jan
21% May
119'A May
Z.
7.-'
Canadian
May
May
8'A
2%
9% *Jan
44%
50
23%
32
18% Jan
,
1.660
119'A 120%'
21
Foreign Investment
34
1.85
May
4.05 Apr
88c
20
1,215
24
10%
Forgings class A
Canadian
Jan
32
13
-21
•
\
Converters
10
1.75
17%-
2
•
common
Cottons
90c
13
24
11%
Canadian
2,270
1.75
23%
22
24
Bruck Silk Mills—
Canadian
2.05
*
May
114
90
165
•
5.60 May
24%
•
23%
100
17% May
1.90
__
100
Apr
99
113
17
Pwr
Jan
21%
100
!
A
Canada
Lt &
Apr
1.90
1
^,ai?1SCn ?tlnnntai *esou™ea
Twin City Rapid Transit
common
footnotes
Co
3.40 May
34
A preferred
Jan
112'A
850
17
104-
IlOO
%
Jan
22%
common
114%
14'A Mar
Jan
75
20
May
72
3.10
•
15%
65
Feb
9c
Jan
*
Towagmac Exploration
For
%
_l
Toronto Elevators
*
Corp
Canadian
nCS
Sylvanite Gold Mines
Traders Finance
65
78 %
2.75
Sturgeon River Gold Mines
?ih^0,VT^l0rS
Toburn Gold
3
155
72%
........25
Iron
1.25
75
72% *13
•
17
99
Ltd
Canada
common
Preferred
Rock
90c
Jan
•
...
100
c..
May
15'A May
101
Mar
8%c
•
Canada
19
Feb
54c
Paving
...
Feb
Mar
7%c
Sturgeon
common
High
Low
113'A 113'A
Preferred
Building Products 'A'
...
Standard
of
May
101
734c
•
100
113'A
•
common
Aluminum Co of Canada preferred.
24
100
..100
100
Asbestos
15
100
•
preferred
10
16% May
1414
1
Petroleum—
Standard Radio
Shoe
Mar
Jan
15
80c
9%
High
10
1100
May
82c
12'A
100'A
1
Preferred
1.35
Jan
522
Springer
Co
Jan
65c
15
100
Mines
Range Since January 1
7-
Lew
#
Brazilian Traction
preferred
Mnlartic
End
1.35
69c70%c
14%
•
4%%
8iscoe
..
•
"B"
New
1.25
Shares
*
Par
Jan
Agnew-Surpass
15c
for Week
of Prices
'
Apr
16%
Range
Sale Price
STOCKS—
Mar
;
120
Sales
Last
May
Jan
Exchange
Funds
Week's
Friday
May
310
15
.
:
Simpsons Ltd class "A"—
Class
70c
.....1
Scrip—
Dairies
1.35
•>
-
Mines.:
Silverwoods
8teep
Canadian
Aluminium
Sheep
Steel
Feb
Apr
12%
82,375
18
lie
Montreal Stock
Mar
4.05
'
100
:
;
8lc
*
22%
5%c
■
12%
12%
1
.........
28'A
285
4,837
8c 10%c
•
.
PhawniKBn
South
4'Ac
9,750
—1
.
Mining
new
6,025
19c
—100
Gold Mines Ltd
Ltd
'V
;
Senator
.....
....—...—
Sand River Gold
97Ac
16c
»
Industries common
Preferred
9c
17c
10
_
gc
1
I
Long Lac
Russell
46c
1
Gold
Roche
'
45'A Jan
50c
1
;
497
21c
Queenston Gold Mines
fm
70
24
11
V
151/3
1.65
46c
Mar
7
20
1.68
Quemcnt
Reno
714
Vv'..'II.. •!
'
25c
10
151/3
Quebec Gold Mining
V.
68
11%
,
2.25
115
Shoe
1
Flour
Jan
6,601
3%
100
1934
Prospectors Airways
Preferred
139
4:00
Pend
Purdy Mica
46
Apr
6.485
J
1.20
1
Mines
May
3%
Aircraft common...
1.40
1
Dome
35
130
14%
Bridge
1934
__
Purity
Apr
1.47
__
Last
May
19%
Trust
Preston
75c
26,800
1
Metals
50
49
v 3.60
'
•
38c
".
Premier
High
Low
-
/ '
'
24%
Oil
33c
Powef Corp
Pressed
Range Since January 1
High
24%
"A"
V
..
1.33
Mining Co.
-V:----'
133
24%
1
;
class
■
35c
Voting trust certificates
Premier Gold
Feb
May
37'A
!
0
L_;
—
1
Gold
May
14
Sales
—13%
Sugar
:
Marconi
—1
Co
25c
Feb
9%
37
68%
*
Dominion
Preferred
Porcupine Peninsular
3%c Jan
May
4.00
'
100
Bruck Silk
Apr
1
B
5'A
1
Mines
4.65
65c
May
39c 43'Ac
•
i
Jan
May
133
__
1
r.
r—
39c
1
Securities.
Mines.,
3.30
55c
133
100
Consolidated
Peoples
Jan
Jan
17% May
for Week
Shares
of Prices
Low
-
Pulp & Paper com__*
Preferred
36c
1
Paymaster Cons Mines Ltd
8
83
Apr
140
Range
Sale Price
Par
'
1
Mines
Apr
Jan
6
14,500
Week's
Friday
Last
1
Cadillac
Paramaque
Apr
16
Funds
Canadian
Preferred
Pamour
Feb
41c
Exchange-Curb Section
,
Pacific Oil <fc Refining
Pacific Petroleum
Feb
101%
14,700
14
I4
Feb
Mar
68%
13.400
61c
20c
55c
•
Mines
Yankee
1.63
Jan
8c
40
5
1
1.77. Mar
Jan /
1.05 Mav
5,725"
•
—
Combing
Yellorex
1.20
34,103
100
i.
Mar
...
22'A
*
Western
Jan
Car
79%
Apr
1.15
18.'2
Apr
Oils
Mar
1L5
Apr
43c
Ottawa
69
21
1
Apr
33c
45c
Pacalta
Apr
Apr
Feb
180
110
10
Apr
5.10
Feb
3.20
•
Debenture——1
2,402
Feb
6
Omega Gold Mines—w—__l
&
32c
Feb
1.63 Mar
1
Mines
Jan
4.60
Apr
4,270
19c
1.20
*
common
Preferred
1.10
16% Mar
12c
16,700
21%
1.50
Jan
Jan
Apr
70c
19c
68c
t
Apr
5
North Star Oil
74 /a
21%
1.45
Mar
5% May
2.60
12
1.271
4.65
11c
1.85 Mar
6,650
v
Apr
1
Preferred
May
Apr
7c
3%
17% May
Feb
Lake Gold Mines_
Ymir
15c
com—*
——.——•
Wiltsey-Coghlan Mines
Winnipeg Electric common
Jan
1.65
46% Mar
May
Malartic
Westons
Apr
Feb
1.20
70c
i
Mar
1.00 Mar
50
16,700
Apr
5
8c
Wasa
May
3.00
Jan
43
21%
1-49
Wool
1,438
1.35
58
May
2.35
89c
«
4.60
4.60
75
v
>
Feb
75c
Jan
39c
Mar
25
19c20/2c
19c
•
May
18
12,110
2.20
Feb
53c
1,000
13%13%
13%..
4%% preferred
1.85
•
Ltd
2.17
May
16 V2 May
West
Apr
*
Corp
Mines
Northern Canada Mines
Ltd
& Worts
Mines,
Walker-Gooderham
Mar
215
Jan
1.26
525
1.22
30c
Jan
185
7,450
__
v>-
5;«
'
1
Oils
Preferred
21
1
:r
Jan
25'/2
May
223A Feb
215
__
Vermilata
39c
9%
35
J?.
i
Mii^s Ltd
Waite-Amulet
Jan
29
215
1
;
May
62
28c
215
53
]?,
4
2.15
X :
*
May
25
74,505
44%
"%
Apr
19
2.75
—
Upper Canada
Feb
24%
53c
25'/2
__
Oils
Steel
Ventures, Ltd
Jan
20% Mar
29
20'A
United
High
8
1,840
11
44
17%
86% May
12 '/2
12'/2
•
Mining
Northland
130% May
May
60
__
1
Norgold Mines Ltd
Feb
85
24c
62
5
Oil
92
8,450
530
81c
23%c
22%
56c
Malartic Mines...
Jan
-
United
:
Apr
6.90 May
1.99
350
265
76c
76c
23c
1
Noranda Mines
Normetal
86%
130 130%
34c
Jan
17c
19,290
85
86'A
130'/2
6.65
1
—
—
50
25
*
"A"
Low
8%
53c
44%
17%
v
"B"——
class
class
"B"
Class
116,200
100
Yellowknife
Nordon
;
6.05
6.30
•
-
Mines
Norbenite
23c 29 V2c
23'/2c
•
Car
Nipissing Mines
•\
13'A
RMlamaque
Nib
r.
Mar
—_$1
—
May
*
National Trust
V
Mar
39c
14
20
National Sewer Pipe "A";
New
45c
Jan
•
common
Grocers
Negus
Jan
Jan
12 3A
..1
Grocers
National Steel
16c
223Ac
•
Mosher Long Lac
National
Fuel
3,500
8,800
345
1
Light Heat & Power
Corp common—
National
Corp
United
31c
37c
133A
100
preferred
Montreal
Moore
United
30c
33c
13'A
•
100
.....
preferred
Mining
30c
•
Gas
A
.
Union
33c
*
—.
Mid-Continental
Apr
8c
•
—
8%
41c
Range Since January 1
High
8%
43c
-*
Gas Co
1
Gold
Mine?
Mercury Mills
Jan
4%c
Union
1.85 May
1.35 Mar
6,600
;
McWatters
Monarch
High
Low
Shares
of Prices
Low
par
High
Low
Lake
McMarmac
for Week
Sale Price
STOCKS—
Range Since January 1
/ Shares
Mines
Red
McLeJlan Gold
Sales
Rang®
Sales
Range
Sale Price
STOCKS—
Week's
Last
Week's
Last
Friday
69%
39
39
15% Mar
Apr
Number 4389
161
Volume
THE COMMERCIAL & FINANCIAL
CANADIAN
RANGE
Friday
Last
STOCKS-
Week's
Range
-
Sale Price
•
80
114
Jan
116% Mar
Feb
32% May
12% Jan
'
Steel
&
Textile
Jan
32%
32 %
250
29
11%
11%
925
12
12
96
26%
26%
25
25
«
.
8
7%
17
common.
*
.
Preferred
8
:
3,292
12 %
Jan
27
7 % Mar
Par
Brown
C
Corp
Heating
Canada
Apr
&
Dominion
Canada North
Canada
Jan
69%
423
45
24%
25%
435
22% Mar
prefcrred.100
106%
107
50
100
*
14
14
5
11
30
250
Sugar...
Power
7%
•
Vinegars Ltd...
14
Jan
17% May
Canadian
12%
Jan
15% May
Canadian Internat Inv Trust Ltd com,*
2%
2%
74%
210
72
Jan
Canadian Marconi
3%
3%
163
5
95/a
161 %
-74%' May
Feb
163%
10%
Canadian
Jan
8% May
850
Industries
Power
Ltd
24
16%
200
12%
Jan
9%
205
6l/2
Jan
16% May
9% May
Canadian
140
20y2
Jan
24y2 May
Cassidy's Ltd
24
24
161% 161%
Company
&
5%
preferred
Steel
100
...
Wares
102
.
100
Gypoum, Lime & Alabastine
98%
15%
•
common
Preferred
11%
98%
______100
5 %preferred
General
11.%
*
common
10%
•
93
98 %
102 %
15%
10%
10%
K-
15%
365
12
7 Vo
Apr
Feb
100
Mar
101 %
480
1.00
Paper Inv
common
Hollinger Gold Mines
5
Smith
Howard
•
Paper common
33
Can
International
Preferred
Bronze
Chateau-Gai
Wines
Jan
Claude
General
11
Neon
Paper
Commercial
International
Power
Preferred
\
of
Woods
the
Preferred
Lang
Lindsay
(C
(John
Mitchell
Lt
Montreal
Montreal
Ht
'
510
Square
Dominion
Apr
Donnacona
27%
104
35
May
May
Fairchild
Preferred
National
Car
Steel
Ottawa
L
H
Ltd
Penmans
Placer
Power
99
23,'%
30
97%
21%
105
Apr
1,590
Jan
325
108 Vs
41
26%
35
Jan
20
10
12
6,545
10%
11%
10%
Provincial
Feb
150
20
i
22%
23%
23%
152
9%
6
150
37%
42
May
53-
53 %
53 %
1,088
Lake
28%
.Class
23% Mar
Jan
55% Mar
24 y4 Mar
17%
6 %
7
9%
9 %
1,720
,
5%
8%
Jan
113
113
100
60
1
7
Jan
75
60
205
100
St
19
19
100
14
19%
850
7%
200
33%
35 %
'
Jan
20
Feb
Mar
103
'
Apr
11
260
15%
Feb
16
Sicks'
600
22
Jan
24
Jan
12%
106
106
1
3
555
:
2%
•
5
19%
■
36
36
64
610
17%
18
1,794
.
r
22
22
150
.
150
2
23
24
500
9%
Co.
of
City Rapid Transit common
common
45 \
f*
*
Walker
—*
Cotton
(Hiram)
Preferred
Weston
G
3%
2% May
•
Preferred
Jan
22
32
36
Zellers
5 '/b
Ltd
*
common
58%
35%
10
9%
275
11
10%
11%
1,440
9% Mar
2%
2%
3
1,100
2
3%
4
625
29%
29%
29%
1,322
18 Va
Jan
Feb
40
Apr
5
Jan
15
Mar
7%
Jan
Jan
150
Apr
24
May
145%
22 Va
Apr
40 '
99% Mar
15
10 %
11%
72 %
81
69
Jan
73
38
38
37%
135
3%
25
11%
Jan
13%
5%
3,910
3%
Apr
90c
90c
300
300
15%
10
40
40
41
6
6
34%
2,525
6
13
25
5
Mai-
59%
75
75
247
70
Mar
78%
21%
21%
50
21
Apr
22%
19%
20
115
18
Jan
20
7
625
Jan
8
Gold
78
100
Jan
83
Jan
78
r
26%
100
26 y2
15
4%
35
75
24
Jan
35
7
7%
450
25%
25%
305
-22%
Jan
26% Mar
12%
13
500
12
Jan
16%
24
25
2,485
22
7%
*
pfd
13
■i
Mur
26%
90
15%
145
Jan
23
105
Feb
107
9%
100
9
Mar
•
12%
12%
13%
23%
23%
23%
12%
1,120
735
26,% * Feb
27
15%
Jan
15
Jan
15
3%
26%
10
23
Feb
27
May
13
13
23
10%
Feb
13
May
61
61
50
57 %
Feb
61
May
Co Ltd
_*
9
9
29
6%
Jan
14
Mar
*
:«*«4
__
*
,
10
5
5
78
5
44
—
48%
1,526
vC* 108%
3%
100
78
55
*
com
47%
Ltd
Co
T-4 0 00
27c
28c
75
18
27%
27%
210
27% May
29%
16 y2
16%
302
15%' Jan
"A"
.
Ltd
Co
28c
22c
3,138
5
60
16 Vi
Mai-
Apr
17% May
36% May
17% Bay
16% May
17
*
17%
17%
16%
16%
17
17
17
10
Mar
17
Mar
*
6
5%
6
1,100
3%
Feb
6
May
32
32
32
45
29%
Jan
8
18C
21,100
13c
May
19c
Jan
lie
10c 13 %c
118,880
3c
Jan
23c
May
1.45
1.45
1.54
1,700
75c
Jan
1
Ltd
36c
30C
36C
46,100
8c
Jan
51c
Apr
May
He
14 %C
25c
20,200
6c
Jan
27c
18C
20c
2,500
7c
May
31c
May
1
13 %c
11%C
18c
37,800
6c
Jan
18c
May
1
37c
28C
37C
299,090
4c
Jan
37c
37c
44c
19,700
10c
Jan
27%
27%
10
1.40
1.40
200
6.00
6.55
8,900
52c
1.00
1.08
7,925
20c
Mar
lie
lie
500
9c
Feb
1.50
1.65
18,500
*
Ltd
18C
18c
—1
Mines Ltd
Corp
24c
1
60C
60C
100
39C
45c
5,900
*
~
*
—
__i
Mines
6.20
*
Mines
lie
Kirkland
Ltd
Mines
Gold
1
Jan
1
1.40
__
1.40
26 %
Jan
1.18 Mar
Apr
1.25 May
9 %c
13C
43,693
82c
71c
95c
55,200
1
20c'
20c
23c
'29,100
1
3.90
4.30
3.800
American
Bank
American
Oil
Columbia
Shares
Low
2%
British
Col
Note
Co
Co
Ltd
Ltd
Range Since January
Low
High
3
2% Mar
51
2%
2%
141% 141%
2%
-
141
Mar
2% May
7
7
7
8%
9
8%
16%
—
Pulp & Pap Co Ltd com.
•
17
*
25%
'
7.00 May
2.30
Anr /
"if
,
20 %c
Apr
64%c
—
25
'
'
1
Feb
Red
1
High
3%
51%
May
Feb
•(»'
■
Apr
■
•'
1.40 Apr
Jan
7%c Jan
4
Jan
141% May
8%
9%
Jan
Feb
/
Apr
4.30 May
9%c
Apr
8c
1,000
7c
May
1.53
700
92c
Jan
2.05 Ma*
6.60
1,000
3.00
Feb
3.25
3.40
5,800
2.25
Jan
6.70 May
3.80 Apr
%c
22,500
10C
Feb
42c
May
40c
40C
500
33c
Apr
62c
Apr
5.20
1,000
1.60
Mining
Gold
Co
13c
Ltd.
Ltd
20c
11,500
13c
15c
27,000
Gold
Mines
5.40
Jan
1.60 May
1.60 May
1.20
Jan
1.79 May
6c
Jan
25c
5%c Jan
17c
Jan
Apr-.
May
80c
Mar
90c
May
70c
900
70c
80c
86c
22,700
60c
Jan
87c
95c
19,550
60c
Mar
43c
Apr
1.00 May
Jan
3.80
Apr
May
66c
—
—
18c
Feb
91c
Ltd
1944
2,300
4.75
80c
Ltd—_
Mines
Mines
200
1.67
70c
18c
1.60
1.65
Mines Ltd
Mines
Lake
Jan
34c 39
Mines Ltd
1
Sullivan Cons Mines Ltd
Wasa
2.45
1.50 May
28c
5.00
Mines & Metals
Gold
Gold
Standard
3.30
1
Dredging Ltd
Sherritt-Gordon
Btadacona
Jan
40c
Crest Gold
Slscoe
7c
13%c May
5.00
Gold Mines Ltd.
Cadallic
Gold
Shawkey
Jan
Jan
,
60c
76c
70,500
3.20
2.00
3.20
33.050
1.50
•1.05
Apr
200
1.30
Jan
1.75
1,400
3.95
Jan
4.60 May
1
25%
28
36%
Apr'
'
8C
•
17
26 %
28
1.75 May
73c
Feb
'
Mayr
11c
1,45
...1
Goldfields
Cons Gold
Perron
44
49%
*
Packers
Feb
2.40 Mar
6.60
Ltd
Mines
Oro
4.00
Wright Hargreaves Mines Ltd,
British
28%
May
3 Vbc
10 %C
Paramaque
for Week
4
100
British
May
60c
90c
1
Pandora
Sales
of Prices
v
May
45c
»■
100
1
Consolidated Gold Mines Ltd
Lebel
Funds
3.
Par
British
54c
.
;
39C
Mines Ltd
Pato
Range
Last
Sale Price
Ltd-_5
Apr
1
Ltd
Diamond M Corp
Ltd—
Pend Oreille
Ltd
1.80
1
Gold Mines
Gold
Louvicourt
Week's
Friday
Vancouver
32% May
1
Labrador Mining & Explor Co Ltd
i
Canadian
of
Apr
16%
Kirkland Gold Rand Ltd
Montreal Curb Market
Distil
Jan
30c
Jan
1
Mining Corp ox Canada Ltd
Goid Mines Ltd
&
48% Mar
109
*
*
•
Ltd
O'Brien
Brewers
Apr
*
Corp Ltd
"B"
Inspiration Min & Dev Co Ltd
16% May
—10
„
May' •'
78
Jan
Jan
Brandram-Henderson
6%
Jan
Feb
36% Jan
107
*
Cadillac
Heva
Jan
Apr
100
'Apr
3%
15% May
14
"B"_*
Feb
3%
Fob
1
Jan
26%
May
16%
preferred
Jan
Jan
14
Feb
»
May
9%
22% May
2%
V
Feb
26%
Mines
Francoeur
26% May
275
V/t>
Jan
25
20
9%
•
Jan
Mar
8% Mar
6 % May
106% 106%
25
10ft
preferred. 100
preferred—10
Apr
t
250
Belding-Corticelli
16% Mar'
33%
*
Formaque
J.-M.
15 %
''
May
23%
of Canada
Mining
Federal
4
26%
26%
75
17
Bat-hurst Power & Paper Co Ltd
6
20
Mines
Sullivan
East
Feb
14%
oreferred
Feb
42% Mar
Jan
Mar
Jan
.
6%
16%
6**-
May
17%
Jan
15
♦
Copper Corp
Mines
Dome
May
6%
*
_
90c
Jan
Mar
Jan
Mines Ltd
Donolda
Apr
14%
common
-
Jan
10
Paper
Feb
29% May
4
Paper
Central Cadillac Gold
5% May
58
10
&
'Feb
4%
Jan
21
5%
Manufacturing
Century
Feb
Montreal
Power
39
Feb
Jan
10
Cartier-Malartic Gold Mines Ltd
Feb
61
Commerce
Abitibi
?Feb
Jan
10
STOCKS—
;Jan
3
_*
Brazil Gold &
100 % May
Jan
Canadienne
10
11%
Mar
130
common..
class
Joliet-Quebec
Nova Scotia
"9 Vb May
30
Ltd
Jan
Banks—
Royal
1.10 May
200
Light and Power
Bouscadillac
Jan
25
Feb
10
i
—
60c
,
t
9% Mar
__
Distillers
Beaufor
Jan
68
Jan
Mar
16%
22
59
—25
preferred
320
11%
9%
Jan
Feb
4
Aumague Gold Mines Ltd
Feb
?
—
*--100
39%
11%
9%
8
Jan
14
15
"B"
Aldermac
Feb
May
18%
59
*
i
39%
11%
Jan
Mines—
Feb
I
*
_•
(George) '■ common
39%
*
Woods
Jan
106
Feb
105
13
4%
5%
75
Winnipeg Electric Common
Apr
13%
22%
Ltd
United
Jan
72
(
„
& W common
Feb.
17
*3%
4
Aviation Ltd
Corp
Eldona
Wabasso
36%
Feb
Jan
22%
Ltd
Amusement
United
May
13
72 Vs
13
11%
11%
11%
—*
Corp
35
100% 100%
,—*
Twin
Steel
v
100
Power.—
Canada
24
0
common
Jan
15
Jan
3%
_»
Paper Co
Hotel
Stores
Class
Feb
-
100
steel
United
63%
18
Canada
261
19
,
19
0
22
Breweries
30
125
Jail
49%
May
11%
12
Simpsons Ltd preferred
60
17
10
Corp
Paper..
Ltd
Co
Royal
United
Jan
;
16
Southern
485
34
*
Corporation Ltd
Thrift
37% Mar
32
100
11
11
&
Southmount Invest
Jan
...
15
23
—
1.10
34
16 Va
45c
May
Feb
:>;• 9
508
12
*
Preferred
1.00
??
Quebec Pulp & Paper pr
May
Jan
7
1,970
15%
com:
6,893
Southern Canada Pwr 6% cum pfd—100
May
101
33%
101
22
Canada
9%
May
38
May
19
18% Mar
7%
Paper preferred—100
Water & Pow«r
•
Williams of
Shervin
8%
Refrig & Storage Ltd com..*
Nova Scotia
Jan
60
&
Ontario
&
Noorduyn
Jan
113
Jan
19%
Lawrence
Shawimgan
8%
20c
preferred—.20
preferred
Mount
May
11%
57%. Mar
7%
16
com
6
*
preferred
Moore
27% May
15% May
T%!
50
Mills
Flour
14
100
Distilleries
1st
20% May
Apr
540
12
preferred
A
Lawrence
14
*
Inc
Power
2nd
Jan
46
Apr
Mar
500
*
A
Company
(Alfred)
Montreal
Arno
St
575
•
Limited
Power
Molson Brewery
Feb
17V4
50
Ltd
Securities
St John
Minnesota
May
41'/8
16
22
common
3%
5
:
J)
(A
Insurance
Melchers
Jan
27 %
r:
Corp
3%
16%
Massev-Harris
43 Vb May
150
43'A
20
Can
of
McColl-Frontenac Oil 6^
Apr
15%
25
*
—_—100
,
,
Lawrence
St
30
Maple Leaf Milling Co Ltd common..1*
Feb
27
11
common
700
40
•_
Ltd
Lambert
Mar
15%.
"
Paper
Preferred
366
*
Knitting preferred
Rolland
10
10,360
21
21
19%
Quebec Power
Regent
19
43 %
20 %
43 */a
1
21
,
Jan
350
30c
38
•
Linoleum
International Paints 5'"c
Feb
24%
May
37
140
39 %
26%
Apr
105
Co
Hydro-Electric
Jan
May
140
Jan
22
5
22
150
{
39 %
100
5%
Feb
4%
30c
»
Limited
Comuanics,
Freiman
May
11%
Jan
Jan
20% Mar
5,381
43 Vb
22
—
4%
4%
*
Ltd
Aircraft
Motor
Eraser
Apr
12
23 Va May
132
60
43 Va
20
15% May
Jan
May
26%
8% Mar
755
1
Transport
&
Paper Co Ltd
Preferred
Jan
35
24% Mar
1,010
25
150
May
20
Foreign Power Sec Corp Ltd..
Mar
112% Mai-
Jan
•
.
4%
Jan
; p.;.
May
24%
27 y2 May
70
150
*
5Vc .preferred
14%
6%
32% May
140
Canada
Price Bros & Co Ltd.
10
Jan
355
11%
Co
15%
21 Va
24
of
Corp
15%
2,890
140
Development
Powell River
Feb
15%
•
Corp
Aircraft
MacLarcn
*
13
32 %
25
common
11
1
140
Tubes
Page-'Hersey
11%
10
•
75
100
common
11%
Fanny Farmer Candy Shops Inc
26
___X*
Pbwer
&
Feb
11%
Ford
33%
•
Aircraft
Car
Ottawa
11%
Fleer
Jan
May
18% Mar
•
100
32% Mar
18%
Feb
_*
8
39
Jan
:
8
Jan
150
—
•
common
Jan
8
Jan
16
common
Products
Jan
55
16
33%
__*
Noranria Mines Ltd
Ogilvle Flour Mills
Ontario
62
Mar
31%
65
Corp
Weaving
Apr
50
29%
29%
25
Steel
Wire
46
44
25
'
Niagara
30
53
25
;27
•
Jan
50
52
1,248
485
common
May
7%
49%
31%
16%
18
100
Murphy Paint Co preferred
60c
Apr
53
38%
23 '/a
-
40
...100
Telegraph
4%
Mai-
Feb
75
•
160
2.50
preferred
Woollens
18
Cons.
Pr
Breweries
Dominion
Jan
Jan
•
&
Dominion Oilcloth
Apr
7%
30
100
Montreal Tramways
National
27%
15% Mar
13%
7%. Feb
,24% Jan
75
*
5
•
common
Corp Ltd.
Engineering Works Ltd
Malting Co Ltd
12%. Jan
100
preferred
Sec
13 V2. Jan
"i
18
Oil
Cottons
Dominion
75
(Robert)
Montreal
Dominion
•225
110% 112
—
*
4%
*
Ltd
Cub Aircraft
Mar
*
A)
Massey-Harris
McColl-Frontenac
Feb
Feb
35
Halifax
preferred
W)
1,334
7%
26
100
——
Ltd
24
112
Jan
21
101
__
—-
______
Jan
Apr
30%
5
V'
-
Jan
Jan
*
com
Paper Corp Ltd
110 A
.
1,305
12%
104% 105
—
2
40c
105
30
•'..■I*-'
—
Mar
2% May
3% May
*
Alcohols
Consolidated
15
Milling common..*
.
Sons
&
15
•
Mar
35
r
100
Utilities
International
Lake
*
common
—
50c
37%
23%
Ltd.
168
Feb
Jan
104
V:
32
.,
Co
50c
31%
15
common
Petroleum
Jan
2
100
13% May
7%
Feb
11
>30
765
16%
38
Preferred
International
'
27%
25 ?
....
common
Apr
159
__*
Advert
;
Div
104
-
}
i
May
14
15
Ltd
Preferred
Feb
35
-'ft'
■
107
Feb
*
——
Jan
Jan
6%
1,020
j
33%
7%
common
i——,—
Int Nickel of Canada
International
>
—100
common
22
111
12%
7%:
27%
100
Coal
325
14%
12%
Acceptance Corp common..*
Preferred
Intercolonial
Jan
Jan
1
^5% preferred
105 % May
Jan
8%
165
33
'
14%
•
*
;£1%'
common..
;
21%
110
6%
13 %
13
■' -
~
fiL1 <•'$'">-
.*
Imperial Oil Ltd.
Imperial Tobacoo.of
Preferred i
;
6%
21%>
;
1——___100
Preferred'
Hudsoif Bay Mining,
Industrial
».
May
.
6%:
•
3.90 May
69 %
•
common
Consolidated
Hamilton Bridge
High
Jan
Jan
26
8,420
*
100
Westinghouse Co Ltd
17%
Apr
102
690
2%
*
com
preferred
104%
May
15 %
35
10%
Jan
97
831
105
105
__
11%
Low
2.30
Jan
9
i%
"B"
Catelli Food Products Ltd common
Power
24%
170
16
...
w
•
12,915
68
100
150
9%
..—.—I
High
3.90
3.90
17%
163
Products..,
Foundation Co of Canada..
Gatineau
Range Since January 1
Low
1
common
Preferred
Mar
8%
Co
Canadian Vickers Ltd
&
Shares
3.65
May
15%
74%
._
•
Enamel
of Prices
15
.100
Dryden Paper
Electrolux
Sales
for Week
Range
Sale Price
17
•
15%
*
com....
61
11% May
9% Jan
'
25
Dominion Tar & Chemical
42%
11%
Ltd.—____
Stores
High
„
25
common...
Foundries
Dominion
40
__
Dominion Steel & Coal B
Dominion
STOCKS—
57%
Low
Week'i
Last
Range Since January 1
57%
•'
Dominion Coal pfd
Dominion
25
Friday
Shares
High
114% 114%
Dairies
MAY
1
Preferred
Dominion
ENDING
Sales
Low
Distillers Seagrams com
Dominion Bridge
MARKETS
LISTED
WEEK
2367
for Week
of Prices
Par
FOR
CHRONICLE
37
*
jut
-
■
Monday, May 28, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
2368
OVER-THE-COUNTER MARKETS
May 25
Quotations for Friday
i*v
For
Quotations
on
Real Estate Bonds
Over-the-Counter Quotation Services
Shaskan & Co.
DEALERS AND
FOR SECURITY
FINANCIAL INSTITUTIONS
Members New York Stock
■
Exchange
Members New York Curb Exchange •<Call
or
Write for Free Trial
York 5/N. Y;
40 Exchange Place, New
Tel:
NATIONAL QUOTATION BUREAU, Inc.
DIgby 4-4950
Bel1 TelefcyPe NY *-*53
."•>
Established 1913
46 Front
Reorganization Rails
Street, New York 4, N. Y.
Chicago
■> t<
San Francisco
'
(When, as and if Issued)
'an:
»0(>
Akron
Investing Companies
Bid
Far
—1
8.45
Fund Inc
.ly*
5.00
5.47
Holding
._io
Corp
American Business Shares-
American
Nat
Bond
Inv
Broad
*
Series
Scries
B-4
12.08
17.97
Series
K-l
20.39
K-2
26.48
29.13
i
7
6%
B-3
Series
*
Series
S-2
31.87
Series
S-3
a
34.39
37.18
Series
S-4—*
.—i
18.52
.—.*./
Fund
Ltd
Chemical
3.60
4.20
Loomis
Sayles
Mutual Fund—0
32.16
34.58
Loomis
Sayles
Second
1
Preferred
^Commonwealth
Consol
2d
52%
54%
Mutual
1
20.02
21.64
Natlon-Wlde
Diversified Trustee Shares—
Invest
6.50
7.40
25c
1.47
1.62
9.97
Howard—
&
Fund
10
Inc
13.99
1
26.39
.1
15.51
•
24.01
25.86
4.49
Financial
.'
First
Inc
Fund
Industrial
Mutual
1.51
1.62
9.24
9.99
8.15
5.59
6.19
7.21
2.33
Agricultural
Aviation
8.02
6.40
7.40
New
England Fund
28/24
30.95
New
York
.•/
30.63
.1
Stock
Food
shares
u
'I
13.83
12.07
8.86
9.74
,9.70
9.17
6.80
13.02
12.28
13.49
Diversified
13.89
15.25
9.71
10.67
10.81
11.88
Electrical
Speculative
equipment
Insurance
*
stock
6.35
Machinery
8.84
Metals
10.57
8.24
11.20
8.18
Steel
8.15
North
*
Amer
Trust
shares
8.86
Series 1955—
5.57
*
*
6.13
Series 1956
Putnam
4.79
(Geo)
5.62
Republic Invest
7.02
16.94
3.83
4.20
Scudder, Stevens & Clark
5.59
15.75
1
5.10
Fund-
7s-Fund, Inc
1
5.37
•
Selected Amer Shares
6.32
Sovereign Investors
47c
2%
Common
59c
r
8
27.68
'
2.61
2.92
13.82
15.14
7,7
„
Bank Group shares
99c
Stqck and Bond Group
_
Investment Co of
v
Fund
88
shares*
14.11
10
29.22
C
u
1
15,06
■,
t»'
Bank
Par
of
22.32
24.39
19.30
& Pwr
Shares A
Wellington Fund
t
1
18.86
20.58
27%
Boston
1
Corp
10
4%
10O
117
122
115
118%
Brooklyn Trust
Chemical
50%
Trust
Bank
Co
&
Aetna
Life
57%
Continental
Corn
i_
Bknk
&
Exchange Bank
Trust-
49%
10
First
National
Bank."II1*
52%
25'/a
59
New
95
99
32%
100
1 775
National
Maturity—
Int. Rate
,
;lMar 15,
;. tDec
15.
1946—
1
1946..*
1%%
,'tMar 15 1947—.,
,
%%
%
Bid
99.31
34%
Ask
Ask
190
210
350
10
100.3
25
corn—20
American
American
Equitable
American
of
v
Fidelity & Casualty_9
American
-•
Surety
29%
21
12
13%
60%
Monarch
19 Va
20%
National
64
66%
National
10
38
Merch
New
1%%
100.13
t%s Oct.
1,
1%%
100.30
100.31
t*/as Dec.
1,
1%%
100.13
100.14
tO.90s
1948*.
lVa%
101.1'
101.2
Jan.
Group
-
64%
66%
51%
300
308
1,505
1 565
t%s Feb.
1,
;
62%
2
7
20
177
2
28
29 Va
32
34%
Casualty
7%
187
North
49 %'
Northeastern
29%
31%
Northern
36%
Pacific
Fire
Pacific
Indemnity Co
10
56%
60
10
89%
93%
8
12%
13 %
*
47
—10
10
Phila
62
.
10
Fireman's Fd of San Fran
of
100 %
9
Fire
13 %
22%
,.9
10
21
9
Republic
&
Rutgers Fire Ins.
preferred
Fire
87%
91
108
Republic.
Corp
10
(NY)
-
.
6%
34%
37
2
Revere
(Paul)
St Paul
;
6%
29 %
31'A
10
Fire & Marine
Fire
5%
10
(Texas)—
25
-12%
27
<
75%
78%
10
49
52%
Security New Haven
10
33%
35%
10%
29
Springfield Fire & Marine
25
116%
30%
-
Standard Accident
91
Travelers
34 Va
J
28
10
5%
25,"101%
57%
32%
10
5
48
Seaboard Surety...
87
Hanover
24%
51%
9%
0
16
22%
12.50
Reinsurance
r
48
com.
American
14%
2.50
River*!
23%
54%
.
9
45 %
Providence-Washington
14%
>
5
*
Preferred Accident
74%
96%
9
10
.10
Fire
Phoenix
%
70%
10
Newark..-
U 8
10
U S
115%
39%
41%
53%
51%
*10
—2.50
38%
582
567
4
Guarantee
122
35%
100
U S Fire.
30
110%
,
Fidelity & Guaranty Co.*2
Westchester Fire*—*
78%
~
v 82%
32%
r*,34%
Recent Bond Issues
Bid
Arkansas
Pow
&
Lt
Ask
105%
106
Laclede Gas Lt
103%
104%
Miss
101%.;
102
Narragansett Elec 3s
1974
New York Chicago & St Louis-^3%s
1980
Cent
Vermont Pub Serv
„*
——1975
—„^
Power
&
3%s—1965
Light
100
101
New York Pwr & Lt 2%s
1975
Northern States Power 2%s_1975
Ohio Edison
3%s
1975
3s 1989
103
107%
108%
108
108%
101
101 Va
Pacific Gas & Elec 3s—1979
Potomac Edison 3s
—1974
100%
100%
Reading
RR
3%s
—.—1990
—
2000
—
*—1953
100
Kansas
Oklahoma
&
Gulf
3V8s
100%
110%
South
106 %
107 V2
Sou'western Pub
104%
105 Va
Virginia Elec
Virginian Ry
100%
1975
San
109%
101
108
Diego Gas & EI 3%S—1970
Seagram (Jos E) 3%s__
1965
%
Ry—
3%s ————_._1980
Co
Carolina
101% >102%
3y8s„ 1974 1 105%
*
——1985
—
Ask
Bid
3V«S—1974
Pow
106%
107%
107
100%
101
101%
' 101%
100%
101 %
100%
100Va
106 %
106 Va
105
106
100%
99%
112
110
103%
103%
3s—1975
101%
101%
3VaS_1974
103%
104Va
1975
100%
101
U995
105%
106
Serv
Power
2%s
3s
United States Treasury Bills
Rates quoted
Bid
Bid
-
Ask
.0508
-
.0586
.0556
.0492
.0562
.0534
1946
discount
at
purchase
Bid
1945—.
May
7.
June
b0.375
0.32%
1945—
b0.375
0.32%
1945.
b0.375
0.32%
b0.375
0.33%
August
b0.375
0.33%
August
31,
June
July 12, 1945
July 19, 1945—
July 26, 1945
August 2, 1945—
August 9, 1945
14,
1945_.
21,
28.
b0.375
1945—
July 5. 1945
0.28&
16,
■
Ask
1945
0.33%
b0.375
0.34%
b0.375
—
0.35%
b0.375
0.35%
b0.375
0.35%
b0.375
—
0.35%
b0.375
1945———
23,
•
b0.375
3s
July
0.35%
3s
3s
Jan.
Mav
1,
1,
Ask
Bank Bonds—
1955-1945
Bid
Federal Home Loan
100.7
.085s
100 R
1956-1946—. 100 43/64 101 47/64
1956-1946.
2%s Feb. 1,
102 21
1955-1953
102 93
103%
103%
July
16,
1945
Other
U 8 Conversion
U S Conversion
b0.90
*
.0638
Odd lot
sales,
Casting Co. with the
1,
1946
,0497
1,
1946
.0458
.0626
to Stock Exchange,
1946—
.0596
.0781
y Ex-rights,
.0322
.0537
.0639
b Yield
furnish,c/bv
z
W.
r
Ex-due
price,
c
B. Jarvis Co.
Canadian market
bills.
Rp^nit
d
,
nt
1946
101%
101%
3s
_1947
104
104'A
1961
133
134
+v,«
Defer/ad dAiE!^ eife(;tlve
s
0.75%
Issuet
3?
Panama Canal 3s
a
Ask
Bank—
.0706
.0503
i—
fc/r
Ask
.0636
.0588
1946
are
Treasury bills-
Federal Land
.0477
w
32%
59%
59%
Bid
point.
Indebtedness—
1946
Amsterdam
4%
30
10
57%
49
t%s
April
(Detroit)—10
New Brunswick
164
t%s March
t%s May 1,
J7s July 1,
Casualty
Fire
Obligations Of Governmental Agencies
Dollar Price 100 Plus
1945
4'A
York
.
17%
50
100
1945
1,
4
Hampshire Fire
48%
14
t%8 Aug. 1, 1945
t%s Sept. 1, 1945
7%
N Y
Ins
New
156 %
13
a
Fire
Fire
New
10
June
32ds of
Mfrs
&
23%
20
June
more
6%
13 Va
24%
660
Federal
46%
or
54 %
National
8
84 Va
Fidelity & Deposit of Md
45%
one
80
51%
1
22%
9
Employers Reinsurance
Hartford
12
75 %
9
33%
Continental Casualty
Crum & Forster Inc
2nd
12 Va
22
10
Globe
39 %
635
Connecticut General Life
Franklin
103
0
10
of
36%
100
Fire
City of New York
Assn
__
100 %
Assur
National Liberty
Union Fire
41
7%
80%
Fire
29 %
20
25
Firemen's
10
Y
Casualty
Merchant Fire
!8%
—2%
Employees
N
A«k
46%
16
10
20
America
of
Massacnusetts Bonding
.
58%
Bankers & Shippers
Boston
Camden
Maryland
13%
19%
Baltimore American
108%
1947_.
North
Jersey Insurance
10
Reserve
American
44%
1947,.
<
Fire
Insur Co of
25
25
American
43 V2
15,
15.
Homestead
81
10
Re-Insurance
105%
15j
tSept.
47%
■'
Bid
43'A
27%
Inspect-10
5
3%
Newark
American
25
I Sept.
100.14
30 %
72%
Par
Home
11%
A
45
100
Trust
tSept.
*
54 %
70%
Preferred
Hartford Steamboiler
27 %
Automobile—
American Casualty————
,800
42
20
City Bank
York
Maturity—
Certificates of
-
100.4
100.26
21 %
28 %
358
16%
100 1,750
United 8tat.es Trust
100
100.25
19 %
52'A
Ask
45%
10
Quotations For U. S. Treasury Notes
-
com—
*—
55%
77 %
12Va
Figures after decimal point
represent
;,.;tDec. 15, 1945—
73 %
29
*
60
Ry common
81
23
Public Nat'l Bank & Trust—17%
Title Guarantee & Trust
12
1,835
"I;
71%
58
200
preferred
Morgan (J P) & Co Inc
56 Va
.
33%
27
com—*
Light & Power 3s
1974
Empire District Elec. 3%s__1969
45'/2
Bid
-100
Manufactures Trust Co
23%
50
Fiduciary Trust
;
Bid
10
Power 3%s
1974
Florida Power & Light 3%s_1974
4VaS
1979
Houston Lt & Pow 2%s
1974
xOO
Conv
& Trust-20 *
Empire Trust
500
Lawyers Trust
59%
20
Grande
Rio
53
25
Alliance
45%
10
Trust
*j.
Trust
National
Guaranty Trust
Irving Trust
Kings County Trust
.
43%
Commercial National Bank &
■
Fulton
425
%
&
77'/a
Conn
4%
44
Par
Grace
48
»/4
85
83
Chicago & Northwestern
& Co
A First
\ 29%
—10
100
preferred
Preferred
Agricultural
3%s
Ask
15
0
Seaboard
Chicago & Eastern Illinois Ry—
Banking
Corporations
15.40
Central Hanover Bank & Trust 20
Chase National Bank
-
St Louis & San Francisco
101
10
2%s
31.76
463
Trust
64
31V4
Preferred
Birmingham Electric 3s—*1974
Investment
15.46
100
iT Bankers
I'
100%
9.06
1.24
Bid
the Manhattan Co.—10
Bank of New York
t-t
z98%
75-year 4%s
10.61
City Banks & Trust Css.
,
I •<*•
.2
95
Florida
New York
5%
'
26.18
■
,
Common
.77
99%
2s
H.;».
26
*
Insurance Companies
3VaS
&>'
107
105
Par
Erie
.€<!.) V
62%
1993
;
24.20
8.29
ABlalr
Investors Fund C
24
Preferred
98
25.39
A
22.14
9.70
series
B
1.09
1.12
America
Bond
U S El Lt
7) Insurance Group shares
;
Common
Francisco—
7.39
Union Common Stock Fund B—*
Union Preferred Stock Fund
Ltd—
Group shares
San
56%
88%
Chicago Rock Island & Pacific—
56.25
Series
29.76
•
Securities
13.17
6.75
1.78
Aviation
12.08
53.25
Series
1.63
Institutional
104.54
1
u
10c
Incorporated investors
^.Independence Trust Shares
102.46
Corp
Trusteed Industry Shares
25o
Union
7
84%
'
Income
Great
,
5.74
Inc
100%
54%
86%
;
93
Glens Falls Fire
1
4.88
Fund
98%
82%
50-year 4s
General Reinsurance Cory
Gibraltar Fire 81 Marine
3.13
Fund
5.08 '■
_
&
Youngstown—
z75
Globe &
6.38
shares
Foundation
7.98
3.26
1
*
Huron Holding Corp
Income
7.25
**1
—
State Street Investment
A
9.52
shares—
*
,„
shares
9.01
8.86
7.31
4.35
shares
8.27
12.31
8.19
Railroad equipment
6.65
*
shares
11.55
7.52
Railroad
8.99
8.06
10.51
11.20
9.06
10.68
*
10.08
Diversified Investment Fund
5.77
Equipment shares
Utility
8.88
Chemical
9.62
Steel shares
Tobacco
7.86
8.04
Merchandise shares
stock
8.57
12.59
7.41
Mining shares
Railroad
13.24
7.79
10.98
shares—
;
Louis
1st
&
Chicago Milw St Paul & Pacific
Denver
Automobile
12.05
-
stock—
———
shares
Bond
15.06
Aviation
6.18
Price Shares
Railroad
14.91
Inc—
Building supply
11.86
.
Petroleum
RR
1
6.69
8.68
8.08
—
Administered
Investing
Low
Stocks
Automobile
8.83
-
Industrial Machinery sharesInstitutional bond shares—!
•
6.03
6.10
7.15
-
shares-*bond
9.60
Bank
shares
General
^4.66
7.90
shares
Electrical Equipment
Fully
•.
series
8.70
4.14
6.04
Chemical shares
■
7.91
8.68
common-
scries
.2
2
Building shares
7*
stock
.0
Ino
Capital Corp
Automobile
•'
priced stock
Preferred
Group Securities—
7'
series
Fund-
General Investors Trust—
'
stock
Agriculture
General
"U;
series
!_
Inc
Invest
106%
American
7.41
Fund,
Trust
Fundamental
2.12
St
Canton
preferred
2018
Aetna
1
Low priced bond series
Low
Fidelity
104 %
Aetna Casual & Surety new
25o
ser.les
Industrial
16.59
*
Fund.
Stock
24.69
5 Va
2019
4%s
84
—
Common
Grande-
Rio
4%s
15.29
shares
B
voting shares
Income
Fund
income
&
Income
101 %
10.96
"*
Balanced
Conv
13.95
National Investors Corp
National Security SeriesBond
Eaton
76
1994
27.69
12.97
Fur.d
Securities—
series
(Md)
2.50
D
Dividend Shares
47.20
25.75
Trust
Investors
(Colo)
c
110.10
46.26
1
lOfl
Investors
Mass
6.29
1
Trutt,
Fund
107.90
i
Common
Mass
147
5.79
10
Akron
96
74
2019
Ask
1
99 %
82
Manhattan Bond Fund Inc—
2 820
143
1
Invest
Investment
Delaware
11.68
10.79
100
Fund
94
A——2019
1st 3-4s income
•
com—100 2,720
Securities
Christiana
7.84
4V2S B
Denver
7.29
7.05
Fund
1
Fund
'■'
.Hi
15.41
6.51
4%s
income
1st 4s
16.47
,..13.16
income
Gen
20.29
Century Shares Trust
1983
2003
Chicago Rock Island & Pacific—
29.24
14.96
109.11
20.34
Stocks
1994
1st 4s
4%s
103
Louisville—
4%s
Gen
13.27
27.08
S-l—******—————'
104.75
115
Inc*
Co
—
101
1988
Income
100%
98%
Chicago Milw St Paul & Pacific
22.35
Series
*
1988
24.17
22.04
4.62
15.25
Ltd
Inv
2nd
Bid
Seaboard Ry
Youngstown—
4<;
4.21
Knickerbocker
Canadian
32.11
16.71
Inc
Fund
29.28
14.06
Street Invest
Bullock
Ask
29.99
x
America—
of
B-2
—.———
—I
——
Tr
Fund
Boston
Series
Investing—
A Common
;
B-l
Investing .10c
Foreign
Axe-Houghton Fund Inc_
Bankers
Series
&
A
Chic Indianapolis &
1st 4s
Keystone CustCtan Funds—
32%
31%
Bid
28.63
Par
9.26
Affiliated
Canton
series
4%s series B
Ask
Aeronautical Securities
AAmerex
4s
-
Ask
Bid
Bos ds—
OCfc
Jan- ^ 1945. of Doehler ]
f ^x:i7terest- f Plat P^ce. k Remo1
Cash sale~1not included in range for year, x Ex-divide
Cash
,TheS6 bonds
are subJc« '» all Faderal U*s.
AQuotations 1
-
v;
,
•
•
-Number 4389
161
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
2369
Week
THE COURSE OF BANK CLEARINGS
Bank clearings this week will show
an
increase compared with
a year
ago.
v'; :■
Pre¬
$11,151,058,650,
at
is
center there
a
against
for the week ended Friday of 36.8%. Our comparative
gain
for the week follows:
mary
Clearings—Returns
,—
708,416
1,489,659
1,421,865
635,000,000
10.9
657,000,000
543.000,000
1,595,197
+ 22.5
1,566,598
291,597
+ 28.7
2,272,362
180.193
1,465,154
+ 39.1
1,249.025
166.599
■
2 020 653
1,564,842
+ 29.1
——Z*
1,656,824
322,622
5,139,700
5,361,400
4.1
3.797,300
323.600
723,769,925
651,656,862
+11.1
670,809,337
557^59,293
4,868,189
3,749,016
+ 29.9
3,216,886
128,320,679
107,056.470
+ 19.9
113,968,547
92,441.585
253,830,002
228,819,439
+ 10.9
209,832,883
190*994,210
19.464,500
(10
1944
16,003,700
21.6
15,022,300
15,p86,100
cUles)
+36.8
Reserve
.
Cincinnati
+23.7
Cleveland
+ 14.3
Columbus
312,673,981
273,523,175
152,016,902
+
159,900,000
223,366,042
San Francisco
.Pittsburgh
Cleveland
155,900,000
238,850,000
—
222,781,000
+
7.2
197,215,416
159,828,871
+
one
$5,928,952,982
2,143,418
2,850,048
263,375,592
+
5.6
3,227,427
228,884,165
215,578,342
691,863,587
Federal
;
625,074,979
+
10.7
576,295,626
523,729,748
2.904,663
Reserve District—Richmond-
Virginia—Huntington
1,630,722
—
Virginia—Norfolk
+28.4:
7 117,000
Richmond
1,500,549,630
+12.0
$9,292,548,875
$7,429,502,612
+25.1
1,627,227,495
$9,056,730,107
+ 23.1
'
South
Carolina—Charleston
Maryland—Baltimore
$11,151,058,650
District
of
(6
1,405,929
7,305,000
73,247,730
+ 14.2
1,858,509,775
Total all cities for week
18.5
20.7
1.6
1,680,690,820
day
+
+
278,108,088
(7 cities)
Fifth
3.2
+
Total
Total
Cities,
2,487,855
3,582.907
+13.3
117,717,645
$7,611,858,055
cities, five days
+
2.6
West
cities, five days™
'5
2,948,359
Pennsylvania—Pittsburgh
+
119,573,521
cities, five days
.r
3,074,110
4.323,770
Youngstown
18.9
*165,000,000
Baltimore
Mansfield
+14.3
180,722,227
—
1
■■
t
Ohio—Canton
468,000,000
All
—
District—Cleveland-
^
$3,828,934,175
$5,240,215,104
353,035,798
Total all
444,410
2.635,583
m
Jersey—Trenton
535,000,000
Ten
+
1,953,765
m
436,557,180
other
24.1
+
2,038,233
York—
Philadelphia
Boston
(
1.517,353
+ 44.5
+ 16.7
3,392,226
Chicago
-
460,715
675,061
704.000,000
Fourth Federal
1945
New York
St. Louis
491.014
Telegraph
by
1
City
"1
608,438
'
Week Ending May 26—
Kansas
+ 68.0
1,821,746
Wilkes-Barre—
Total
<
491,113
1,046,766
Scranton
New
1942
,
$
1,299,021
J
Philadelphia.
Reading
sum¬
1943
Dec. %
975,577
2,125,822
Chester
week in 1944. At this
same
19
or
-V
824,928
„
Lancaster
Our preliminary total
year.
$9,056,730,107 for the
May
Inc.
District—Philadelphia-
Bethlehem
indicate that for the week ended Saturday, May 26,
clearings for all
23.1% above those for the corresponding week last
stands
Reserve
Pennsylvania— Altoona
cities of the United States from which it is possible to obtain weekly
clearings will
be
Ended
1944
$
Third Federal
liminary figures compiled by us, based upon telegraphic advices from the chief cities
of the country,
1945
;:V.
+ 16.0
.10,463,000
66.365.588
57,512,623
2,804,836
1,916,768
147,849,039
54|436!405
37,852,553
305,001,951
cit'es)
910,674
7,463,000
7.8
+
160,065,129
269,577,019
+13.1
Columbia—Washington—
:
1,196,032
2.6
—
4 46.3
2,442,797
1.724,669
8.3
141,094,017
4 43.8
36,492,366
111,576,136
36,101,813
255,053,800
2^261,915
+
•Estimated.
Sixth
Complete and exact details for the week covered by the foregoing will
in
issue of next week.
our
ends
We cannot furnish them
today, in
as
much
as
appeai
Federal
Reserve District—Atlanta-
Tennessee—Knoxville—
are
not available at time of going to press.
Accordingly, in the above the last day of the week in all
In the elaborate detailed statement,
however, which
we
we
are
For that week there was
an
same
Total
clearings at this center having recorded an increase of 32.9%.
We
that in the New York District (including this city)
group
the totals show
an
In the Cleveland Reserve District the totals are larger
11.1%.
and in the Atlanta Reserve
by 10.7%, in the Richmond Reserve District by 13.1%
Louis
St.
The Chicago Reserve District has to its credit a gain of 18.9%,
11.7%
District of
Reserve
and the Minneapolis Reserve District
15.7%
Reserve District
of
is 19.5%, in the .Dallas
In the Kansas City Reserve District the improvement
21.0%.
+
10.2
1,763.499
4
20.6
1.931,776
+
7.3
50,003,265
33,838,226
54.510,129
+ 19.9
40.248,257
39,776,157
4,876.033
4,703,154
207,745
84,650,023
449,421,882
408,714,072
2.086.433
3.7
+
1.558,035
4,878,986
4,455.040
+ 11.9
153,828
134.054
10.9
81,047,080
66,913,945
+ 10.0
353,712,633
293.910,388
+
•
9.8
659,217
.Lansing—
Indiana—Fort Wayne
600,438
6,432,554
5,135,697
+ 25.3
4,885,896
4.384.675
Rapids
4,024,141
+
9.0
3,215,638
2,484,333
) 2,411,361
+
460,316
499,024
3,841,202
,
3,409.481
3,130,394
+
8.9
2,956,231
34,881,000
27,151,000
+
28.5
27,787,000
3,860,220
3,676,509
+
5.0
3,723,274
Haute
10,418.360
+
36.4
6,721,368
*7,016,571
Wisconsin—Milwaukee
37,542,585
7,638,946
33,067,696
+
13,5
32,751,685
27,046,296
2,134,620
1,671,123
+ 27.7
1,839,982
1.494,131
15,715.510
11,407,938
+ 37.8
12,885,527
12,071,502
8,567,832
6,704,410
27.8
6,087.200
Indianapolis
South
Bend
_
Iowa—Cedar Rapids
Des Moines
Sioux
-
City
Illinois—Blooming ton.
+
26.817,000
2,967,279
.
5,441,695
751.737
515,074
+ 45.9
505,088
505.200
575,061,099
485,268,211
+ 18.5
509,138.767
422,974,595
1,752,012
Chicago
Decatur—
and in the San Francisco Reserve District 13.6%.
District—Chicago-
Michigan—Ann Arbor
Terre
the
2.356,565
232,459
Seventh Federal Reserve
the cities
expansion of 33.0%, in the Boston Reserve District of 14.6% and in the Philadelphia
10.0%.
,
56,531,969
93,844,835
Orleans
(10 cities)—-
Grand
District by
6,353,253
30.448,669
108.400,000
2,033,009
Outside of this city there was a gain of 13.6%, the bank
week in 1944.
Reserve District of
8,538,248
65,339,519
—
Louisiana—New
according to the Federal Reserve Districts in which they are located and from this
it appears
130,000,000
Mississippi—Vicksburg
increase of 23.5%, the aggregate of clear¬
ings for the whole country having amounted to $11,416,777,672, against $9,241,182,208
in the
34,824,754
7.2
2,597.899
Alabama—Birmingham
able to give the final and complete results for the week previous—the week
6.5
+
2,127,029
—.
Mobile
ended May 19.
+
60,660,345
Macon
Florida—Jacksonville
present further below,
+ 18.7
39,157,262
153,100,000
13,942,171
Augusta
has to be estimated.
cases
11,742,726
41,701,592
164,100.000
Nashville
the week
Georgia—Atlanta
Saturday and the Saturday figures
1,604,328
+
9.2
1,206,490
,1,425,022
-
Peoria—,
SUMMARY
'
Federal
1st
Reserve
1945
19—
May
Ended
Week
$
Districts
12
Boston
12
York
2d
New
3d
Philadelphia
10
4th Cleveland
7
5th Richmond
6
6th
10
Atlanta
7th
Chicago
i 8th
9th
10th
SBjL- 17
—
•T
Louis
St.
10
City
Kansas
6
11th Dallas
12th San
4
7
Minneapolis
OF BANK CLEARINGS
•
1943
Inc. or
1944
Dec.
$
$
%
1942
7,011,324
6,849,325
+
2.4
4,880,227
4,333,629
Rockford
3,228,069
2,344,255
+ 37.7
2,580,249
2,130,051
Springfield
2,374,942
1,598,305
■f 48.6
1,662,968
1,483,438
716,185,237
602,387,790
+18.9
623,326,014
524.903,621
+ 10.1
175.700,000
143,200,000
Total
(17 cities).
s
461,250.738
402,412,176
+
14.6
386,936,358
364.701,016
!•
6,505,141,031
4.926,990,185
+
33.0
5,207,395,787
3,685,366,771
11
723.769,925
651,656,862
+
11.1
670,809,337
557,259,293
691,863,587
625,074,979
+
10.7
576,295,626
523,729,748
305,001,951
269,577,019
+
13.1
255,053,800
218,261,915
cities
i»
11
••
•; 449,421,882
408,714,072
+ 10.0
353,712,633
293.910,388
716,185.237
602,387,790
+ 18.9
623,326,614
297,521,104
+ 11.7
281,121,749
180,348,518
+ 21.0
181,467,088
144,937,268
323,282,504
270,430,347
+ 19.5
273,247,558
213,005,056
68,182.396
4 12.2
63,603,838
41,339,708
+ 18.1
40.567,911
1,415,000
1,199,000
+ 18.0
1,250,000
;v
11
332,437,728
297,521,104
+11.7
281,121,749
11
ii
18.4
4,418,982
3,673,321
•«
174,541,055
150,896,415
+ 15.7
134,380,496
102,837,531
515,731,667
453,871,920
+
13.6
432,623,009
399,262,582
+ 24.7
121,347.159
94.874.453
Total
i<
(4
cities)
Federal
Ninth
—*
Reserve
Minnesota—Duluth
Total
23.5
Outside New York City_—
11,416,777,672
9,241,182,208
+
5,094,047,932
cities
4,483,881,394
+ 13.6
9,376,470,055
7,259,123.479
4,327,227,133
3,714,437,383
now
230,948,29
ir
19 for four years.
.
120,602,599
51.369.051
46,457,700
10.6
46,600,711
3.294,615
2,905,055
+ 13.4
2,943,348
2,726,370
1.881,045
1,453.393
+ 29.4
1,306,794
;b, 110,848
1,445,534
1,134,585
+ 27.4
863.078
4.693,366
3,551.688
+ 32.1
3.987,016
3,046,89*
218,150,367
Dakota—Fargo
4.176,498
150.521,267
Paul
180,348,518
21.0
181,467,088
144,937,268
Dakota—Aberdeen
_
Montana—Billings
Helena
(7 cities)
+
+
+
3?,995,75*7
7
5
-7
Tenth Federal
Reserve District—Kansas
City-r-
909,628
£
Ended
1944
19
May
' t
240.276
1942
Hastings
—
First Federal
Reserve
District—Boston
$
$
Dec. 'Jo
$
Fall
+
2.0
3,214,330
3,614.418
13.8
337,710.629
317,138,253
—
1,174,712
2.7
573,302
515,392
1,167,634
2,845.997
+ 12.6
2,508,706
"12,628,990
11.453,896
5,955,022
+ 15.5
5.592,065
5,441,187
15,994.400
+
22.9
16,524,200
16,668,800
718,375
+
7.9
599,588
711,095
461,250,738
cities)
47.653,035
2,385,370
+
4.866.213
4.313,086
179,875.501
148,822,911
+
1.9
5,417,544
!
4,194.895
+
22.9
1,089,586
1
1-592.433
+ 34.1
820,786
<754,857
+19.5
273,247,558
213,005,056
2,317,903
+ 23.6
2,263,883
144,375,000
121,617,000
+ 18.7
111,977,683
82,527.372
16,358,518
14.382,967
13.7
12,603,322
t10.606,941
5,740.121
185.446,992
6,287,950
1,310,345
1.065,860
1,124,872
838,820
323,282,504
270,430,347
2,865,162
Total (10 cities).
.+
Texas—Austin
_
Dallas
Fort Worth
Wichita
402,412,176
386,936,358
+ 14.6
3.217.700
+ 88.9
1.915.081
1,300,821
+
47.2
1,290,769
4,921,545
+ 25.3
4,162,839
4,217,514
174,541,055
150.896,415
+15.7
134,380,496
102,837,531
8.9
90,469,994
2,859.000
Falls
—
2,182,000
,
>
-
2,577,000
1,095,830
(6 cities).
YorkTwelfth
Federal
Reserve District—San
5,907,331
+ 13.7
10.783,685
11,714,273
1,564,996
+
26.2
1,441,017
1,349,779
69,207,000
+
0.5
62,100,000
53,800,000
1,163,467
+
7.5
1,070,057
1,020,581
Utah—Salt
948,114
+
31.0
955,552
1,247,147
California—Long Beach
+
4,757,300,814
14,574,376
-
1,818.874
364,701,016
Total
6,322.729,740
Rochester.
+
7
6,168,294
Galveston
Louisia na—Shreveport
1,241,666
New York
nor*
Eleventh Federal Reserve District—Dallas-
+
"-1,251,241
Jamestown
2,161,905
25.3
+ 16.0
7,194.011
215,130.391
_
Springs
1.974,431
Elmira
Jersey—Montclair
3.286.662
74,478,985
Joseph
Colorado—Colorado
69,550,000
Connecticut—Stamford
3,778.153
+ 23.1
+ 32.1
6,409.643
City
6,717,647
Blnghamton
'
+ 31.1
2.351.444
2,791,155
13.4
775,057
York—Albany..
Syracuse
3,583,857
3,913,490
14,896,042
135,574
909,467
4,360,627
19,653,700
Island—Providence
7.6
+ 31.9
6.878,421
Hampshire—Manchester
1,405,413
3,947,811
132.698
352.407
64,685,822
_
Missouri—Kansas
St.
183,013
7*9.621,987
879,521
16,892,838
Buffalo—:
New
522,672
6.7
3,205,332
Second Federal Reserve District—New
New
508.640
+
1,512,419
Haven
(12
1,026.050
5,206,140
Bedford
Total
664,342
+
1.095,115
Connecticut—Hartford
Rhode
881,575
3,794.253
River
Worcester
New
„
Pueblo
Springfield
New
13.5
350,580,388
'
>
+
3,871.813
Lowell
New
725,753
398.827,237
Portland
Massachusetts—Boston
:
,
Wichita
824,024
Maine—Bangor
46.6
+ 68.4
3,106,786
omana
Kansas—Topeka
—
+
265,557
4,696,936
Lincoln
$
Clearings at—
163.924
447,257
Nebraska—Fremont
1943
Inc. or
-
■
,
Week
1945
.
4.945.489
statement showing the figures for each city for the
add our detailed
week ended May
54,703,996
32,246,294
798,000
V
District—Minneapolis-
Minneapolis
North
Total
We
j
1
___i
South
111
186,800,000
76,485,896
48.836.832
230,948,290
218,150,367
205,700,000
Tennessee—Memphis
Illinois—Quincy
;
524,903,621
332,437,728
ii
Eighth Federal Reserve District—St. Lonls—
Missouri—St. Louis
Kentucky—Louisville
Bt.
10
Francisco
•
10,645.485
+
7,587,112
5,871.918
+
9.217,231
8.675,103
617.281
433,338
+
5,049,242,920
3,544,686,096
36.9
9,944,063
9,673.642
29.2
5,632,433
4,985,097
32.9
7,795,150
+ 42.5
7,506,527
398,731
6.2
350,047
2,658,778
Lake
1,573,985
*71,294.588
1,169,012
+ 17.0
66,872,411
*70,287,300
26,258,402
+
8.6
26.673,841
23,604,458
12,470,905
11,443,742
+
9 0
9,456,769
8,120,789
6,147,919
4,141,297
+ 48.5
287,217,000
—.—
Francisco
251,765.000
3,356,182
224.601,041
214.058,006
82.682,349
+
+
14.0
5,254,619
+ 24.2
2,172,931
1.728.853
+
*4,600,000
4.149,611
+ 10.9
515,731,667
453,871,920
+13.6
6,526,385
San Jose
Santa
+ 33.1
64.450,931
28,526.624
City
Pasadena-.
1.997,116
75.408,597
Yakima
Oregon—Portland
San
Francisco—
90,002,528
Seattle
Washington
Barbara
Stockton
4,048.769
'
3.041,181
2.962,224
1,373.675
1,436.002
4,196,342
3,289,028
432,623,009
399,262,582
25.7
.
-f
Total
(10 cities)
*
Newark
31,019,064
26,609,854
+
16.6
25,309,231
21,859,695
Northern New Jersey
39,701,242
38,662,765
+
2.7
32,722,948
27,175,403
Total
(12
cities)-..!
6,505,141,031
4,926,990,185
+
33.0
5,207,395,787
Grand Total (111 cities)
Outside New
3,685,366,771
York
11.416,777,672
9.241,182,208
5,094,047,932
4,483,881,394
•Estimated.
I
23.5
9,376,470,055
7,259.123,479
+ 13.6
4,327,227.133
3,714,437,383
+
Monday, May 28, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
and Issue
Company
Co.—
ft bonds, series A__...July 1
1st mortgage 5S, due 1947
—-Jun 15
Lehigh Coal & Navigation Co., 4% fund. & improve.
mortgage bonds .....—•—■—-—
July l
Le Tourneau
(R. G.), Inc., preferred stock
—...May 31
Louisville & Nashville RR., unified mtge. 4s, due I960—July
1
Louisville & Nashville RR.—L. & N.-Southern 4% joint
bonds (Monon collateral), due 1952——.—.—
July l
Foreign Exchange Rates
Lafayette Hotel Co.,
of Section 522 of the Tariff Act of 1930,
passed:
We give below a record for the week just
world.
FOREIGN
EXCHANGE
RATES
BY
1945 TO MAY 24,
MAY
1930
UNDER TARIFF ACT OF
FEDERAL RESERVE BANK TO TREASURY
18,
CERTIFIED
general mortgage 7 ft
and
1st
the Federal Reserve Bank
of the
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries 01 me
Pursuant to the requirements
Morrison Brass Mfg.
James
1945, INCLUSIVE
+■
.
Country and Monetary Unit
Official
.29-7733*
.297733*
.251247*
.251247*
.297733*
.251247*
Australia, pound
v<
3.228000
.060602*
.060602*
.060602*
.060602*
.051802*
.051802*
.051802*
.051802*
.909090
y
.909090
.909090
Canada, dollar—
Official
.909090
Colombia, peso
4.035000
4.035000
.301215
.301215
.301215
.301215
.205820
.205820
.909090
.909090
.903958
"
.205820
.205820
.205820
.205820
.909090
Mexico, peso
.909090
.909090
.909090
.905625
.905625
.905625
.905000
.905000
3.244203
3.244203
3.244203
3.244203
3.244203
2004
3.980000
3.980000
3.980000
3.980000
1
.658300*
.658300*
.658300*
.658300*
.658300*
Noncontrolled
.542650*
.542650*
.542650*
.542650*
.542650*
.542650*
of
Borrowings
t
■
,4
clined $43,000,000.
A summary of
thousands of dollars}
(In
'•J
Assets-
.%
May 23,
due
1945
1945
certificates on hand and
Gold
17,429,460
from U. S. Treasury
1944
+
•
683,713
+
2,672
254,888
+
13,117
—
68,216
—1,058,839
Total reserves
18,368,061
Discounts and advances
—
724,164
Industrial loans.
+
4,592
243
—
.
Assets—
Loans—total
loans
U. S. Govt, securities:
Loans
Bills
13,129,940
Certificates
Notes
*—.
:
5,678,711
—
1,005,350
».
Bonds
98,474
+
+ 4,847,292
•
+ 155,000
+
7,500
+
for
,
+
260,974
+
6,940,474
21,657,899
+
497,901
+
7,430,775
112
F. R. notes of other banks
—
.
87,343
1,786,465
Uncollected items
34,191
Other assets
59,631
+
250
41,993,702
+
93,479
14,353
+
30
—
24
+
1,243
+
—337,669
Bank premises
216,674
653
—
5,684
—
6,596,602
+
22,761,047
21,270
+
15,116,648
U. 8. Treasurer—gen. acct._«
Treasury bills
-
Treasury certificates of indebtedness.
Treasury notes
—.
1
-
U. S. bonds
;
Foreign
Total deposits
17,234,724
-
Deferred availability items
Other liabs., incl. accrd. dlvs.
■7
137,471
U. S. Government
52,260
387,768
19,861
1,464,330
—
+ 1,886,065
—233,045
11,853
191,841
+
294
Time
deposits
deposits
+
+
Debits
Capital Accounts—
+
demand
to
Interbank
2,155
91,835
v,
93
+ 4,888
17
—
10
+
294
166
+1,262
+177
21
+
40
+115
+
180
+
1473
Company and
Arthur
Bemberg
Illinois
Central
1st
—
-
\+
168,077
90
+
Other capital accounts
10,902
+
40,056
+
228,153
27,165
268
+247
+18
— 43
9,455
1,013
429
accounts except
accounts,
+1,250
+
122
+
306
during week
1st &
1st
+
1,554
+
due
1st
Total liabilities & cap. accts..
res. to deposit &
41,993,702
+
93,479
+
6,596,602
F. R. note liabilities combined
45.9 ft
Ratio of total
—
.6 ft
—
11.8 ft
Indus-
including
trial loans
4,058
+
200
1,601
—
bonds,
Plaines
:
,
.
Jun
'
——
4%
bonds,
series
lien
G,
due
.
The condition statement of weekly reporting member'
banks of the Federal Reserve
System in 101 leading
cities shows the
following principal changes for the
week ended May 16: Increases of
$138,000,000 in loans,
$177,000,000! in reserve balances with Federal Reserve
Banks, $115,00.0,000 in balances with domestic banks,
$410,000,000 in demand deposits adjusted, and $247,000,000 in deposits credited to domestic
banks.
Cities
due
Light,
Power
Co.,
Traction
&
1962
Coal
5s
Co.,
10-year 21/* %
Dumbarton Bridge Co.,
bonds,
Public
series
stocks
debentures, due
called
redemption,
for
Loans to brokers and dealers for
ing
United
States
Government
purchasing
obligations
or carry¬
increased
$105,000,000,
and for purchasing or carrying other se¬
$36,000,000, both largely in New York City. Com¬
mercial, industrial, and agricultural loans declined $32,000,000.
■
given in the "Chronicle."
NOTICES
A.
due
Chicago,
/
Corp., common stock..:
Island & Pacafic Ry.—
Choctaw &
Manati
1st mortgage 5s, due
Memphis RR.,
International Paper Co..
Consol.
1762
1949-Jun
Co., mtge. bonds dated 1908—Jun
Sugar Co., 20-year s. f. bonds, due 1957:
Philadelphia
Transportation
mortgage 3ft-6ft
Co.—
30
2107
1
2107
1
1
1540
1
1996
L
July I
bonds, series B, due 1995.July 1
notes, due 1953
July 14
2218
May 31
2107
6J/2S, dated 1925„—July
Co.,
lien
1st
1948.^
collat.
1st
general
1
Jun
11
due 2039..Jun
15
bonds, series B
1st consol. mtge. 4%
secured
serial
3'/a ft
Machinery Corp., 3ft debentures, due 1956
Kansas
due
City
Association
of
Southern
■_
2114
mortgage refunding 4s, due 1953
;
Jun
5
1350 Broadway Realty Corp. (Herald Square Building)—
/++
1st mtge. leasehold s. f. income bonds, due 1948
—Jun
1
_
banks.
ness
Holdings
of Treasury certificates of indebted¬
$50,000,000 in New York City and $65,all reporting member banks.
HoldingSAOf
declined
000,000
at
United
States
in
New
and
Government bonds
increased
$31,000,000
York
City, $27,000,000 in the Chicago District,
$93,000,000 at all reporting member banks.
Demand
the
deposits adjusted increased in most districts,
principal increase being $239,000,000 in New York
City; the total increase at all reporting member banks
was
in
$410,000,000.
the
San
Time
Francisco District and
porting member banks.
.
deposits
increased
PARTIAL
American
due
$48,000,000 at all
re¬
1
Deposits credited to domestic banks increased in
2152
Page
18
1
1763
1993
«
Jun
1
1994
Consumers Co, of Illinois,
Jun
1
*
Jun
15
2217
Inc.,
Denver Tramway
due
1950
Dominion
1st
East
1st
Corp.,
1st mortgage 5s, due 1956
preferred
gen.
—
Coal
lien collat.
Service
4 ft
1939
Co.—
series—Jun
1540
New
due 1948
...Jun
1
1
2107
6ft
Light Corp., 7ft
and $6
Co.—
1st mtge. 5s, series A
July 1
Inc., 3 ft ft debentures, due 1950
Jun 21
Baking Co., Ltd., 1st mortgage 5fts, series A.July 1
2218
Steel Castings Corp.,
Times,
Co., 1st & ref. mtge. 4s, ser. A, due 1961_Jun
1
_
4ft
July
Jun
preferred
stock
Jun
1
July
1
a
Service Co.,
due 1957
1st mtge. 5s, due
mortgage
Inc.,
4'As,
5ft
due
preferred
Corp.—
2000
July
2115
2116
stock
wlSJiei^^ ref^mt8:e- 23/*^ bonds-
Jun
—
2268
18
-July
—July
series A, due 1966_July
mortgage ,4s,
in
this
due
issue.
stock
607
2152
15
refunding mortgage bonds, series B, C and D_Jun
Wagner Baking Corp., second preferred
Washington Ry. & Electric Co.—
1
8
Jun
$4-50 Preferred stock—July
a
•Announcement
2115
1887
Jun
1960
1958
2v>?olla^eral fcrust bonds- series A- due I960-:
c°llateral trust bonds, series B, due I960.
Virginia Electric &
Consolidated
212
1247
preferred stock, series AAA—Jun
1
due 1952„_
July 16
Virginian Ry.—
a
1
30
1952—July
Carolina Power Co.—
1st lien & ref.
mtge. 5ft bonds,
1st
1
15
debentures,
South
Co.,
1547
1
series A and B, due 1997_July
convertible
Sherwin-Williams Co., 5ft
Thermoid
1
July
_____
3 Vis, due 1951
1st consol. mtge. 5s, due
Shamokm, Sunbury & Lewisburg RR.—
2nd mortgage,
5s, due 1945—
;
1st and
«>
..July
1st mtge. 3%s, due 1965._Jun
_
preferred stock
Geu;,&ilef' mortgage 4J/aft,
Co.,
2113
_Jun
.
1st & ref. mtge, 4s, series G,
Savannah Electric Co.,
Simmons
2004
1
Jun
Jun
Laundry Co. of Toronto, Ltd.—
4Vis, due 1948—_______
Corp., 6ft
313
2224
1
due 1956—
preferred stock
& Gamble, 5ft
Reading Co.—
1
1
pfd. stockS-Jun 14
1st mtge. 4s, due 1950_Oct
Power Co.—
1997
Iowa Electric
Power &
Pacific Gas & Electric
CO.,
due 1964
vw
1
1957..
2110
-:
Northern Pennsylvania Power Co.—
1st and ref.
=
bonds, series A,
due
Co.-
refunding 3'As, series A, due 1962——Jun
York. Chicago & St. Louis RR.—
United
1
mortgage 5s,
Water
TT^it ^at3eKi-AsST^!w^d Gil
Public Utilities
1
collateral trust 4s, due 1956..—__Jun
Fort Street Union Depot Co.,
Hartford
1
2110
1882
15
Haven
Texas Electric
July
2001
due
1952—
General and
Proclucts,
series A and
FairmoUnt Park Transportation
1st
.......
2001
1319
Ltd.—
Co.,
Public
stock
& ref. mtge. bonds, ser. A,
—.
mtge. 4 tis,
Coast
4ft ft
1999
2110
2111
Republic Steel
1
Press,
2109
1
#
1
bonds,
1
1
1
2219
1
due
1st mortgage
bonds,
3V2S, due 1967.Jun
4ft
mtge.
1771
July
Parisian
Jun
Cuneo
ref.
—
1st mortgage 4'As, series A, due 1961
Consolidated Oil Corp., conv. 3ft ft debs., due 1951
Inter City
ly all districts, the principal increase being $79,000,000
..Jun
mtge.
July
Cincinnati Gas & Electric Co., 1st mtge.
Citizens Independent
Telephone Co,—
General
near¬
1951
gen.
A_Jun
—
debentures,
D?^land.R,?" lsfc conso1- mtge.
—
Elk Horn Coal Corp.,
$19,000,000
6%
Co.,
1st
*
Jun
«
Paper
Co.,
1950
Procter
Date
1st mtge. 41/aS, due
Writing
1961
Pacific
Lukens Steel Co., 43A ft
Okonite Co.,
REDEMPTION
Company and Issue—
Alabama Gas Co.,
Angeles
mortgage 5s, J series A,
May 31
General
1
1
.July
:
ser.
984
1426
Co., consol. mtge. 4y2S, ser. C_July
Funding.and improvement 4ft 50-year gold bonds
-July
Lehigh Portland Cement Co., 4ft 'cumul. conv. pfd. stk._Jun
curities
Holdings of Treasury bills increased $74,000,000 in the
Chicago District and $60,000,000 at all reporting member
May 31
Coal & Navigation
XTTol®doi st; L°uis-& West. RR.,
New
Louis-
St.
k
,
debentures, due 1954
July
mortgage 6Vis
-July
Ry., ref, & improv. mtge. 5s,
1950
York
bonds——
mortgage
RR.
'
Jun
Mills, Inc., preferred stock
New
1882
Pittsburgh, Youngstown & Ashtabula Ry.—
Terminal
4%
*
1
1
2000
'
bonds, series A,
2217
"
,
1
4
Page
1st & ref. mtge. 4s, ser. A & B..May 31
Kanawha Bridge & Term.
:
Mersey Paper Co., Ltd., 1st mtge. 5s, series A, due 1957-Jun
Date
Jun 30
t
General
Rock
1540
Houston Oil Co. of Texas, 4Vi ft
Johnson Fare Box Co., 1st
Los
TENDER
OF
1
21
1
1st mtge.
Service
1994
Jun 30
1950—.
.
1993
1
Jun
Lehigh
Company and Issue—
1876
1.
July
stock
Tramway Corp.—
Coast
1876
1
General & refunding mtge. bonds, series
A, due 1950.July
Dictaphone Corp.,
preferred stock
Jun
DiGiorgio Fruit Corp., 7% preferred stock
July
East
.
1
1st
,
Co., $2.50 preferred
Kendall Co., $6 cumul. &
partic. preferred stock,
American
+
.
j.Jun
1966
ing tenders, and the page number gives the location in
Condition Statement of Member Banks
1653
1876
Georgia Power & Light Co., $6 preferred stock
__1
§
Georgia Power & Light Co., 1st mortgage 5s, due 1978—July
Goodrich (B. F.) Co., 1st
mortgage 4Vis, due 1956——Jun
called under sinking fund provisions.
redemption or last date for mak¬
were
1
1
City & Pacific divisional 4%
The date indicates the
which the details
1
July
July
:
divisional
Valley
1992
Jun
:
r
July
Sioux
Consolidated
Food
list of corporate bonds, notes,
a
common
those
1992
-
bonds,
due 1969
—July.
City Light & Traction Co., 1st mtge. bonds, due 1952
Jun
Connecticut Light & Power Co., 1st & ref. mtge. Vk'/o
E-Z
Notices
Below will be found
and
*
July
1969
mtge. 5%
Redemption Calls and Sinking Fund
preferred
Des.
mtge.
Erie RR.
24,523
"
mtge. 4s, series A, due 1989
gen.
mtge.
1537
Jun
Co.—
notes, due 1954'..;
15-year collateral 4%
■
1989
Eastern Oregon Light & Power
Co., ref. and first collat.
15,097
—
Gas
Page
1992
1964—
mortgage 6s, series A, due 1954—
Chicago & North Western Ry.—
Gov't
S.
&
due
-1st
Denver
—
2044
L_July
serial debentures..
Chester County Light & Power Co.—
+4,538
200
98,353
3%s,
4%
and
Erie RR.,
Burplus (Section 13b)
Corp.,
Electric
mortgage
+ 1,737
+410
+ 48
—106
5,836
deposit
U.
and
: V''v v;'' vv.'
r'
Date
1% preferred stock——l.'_July 1
(Chicago), real estate bonds.
Jun
Issue—
Apartments
Crane
"
Capital paid in
Surplus (Section 7)
make
+
+
56
—1,042
+1,829
+
240
6,520,921
+ v
41,471,954
—
.
7
60
65
1
Borrowings
,
Total liabilities
55
28
50
+
39,900
8,395
-
Interbank deposits:
Domestic banks
+ 345,856
+
—
2,230
deposits-adjusted
2,116,501
+
May 31
Co., Inc., $6 preferred stock——
Consolidation
+
—
9
1
20
Liabilities—
+
1,504
288
—
587
424,360
—
+
+
338
Reserve with Federal Reserve Banks..
6
—
.
3,017
10,254
Foreign banks
to
+
+
22,999
-
-
+
404,600
Commitments
+
Obligations guaranteed by U. S. Government
+
1,187,244
;
—
105
—
r
•—129,260
526,232
+
1,396
1,399
10,767
7,350
—■
Other loans
Demand
Member bank—reserve acct—
2043
2044
277
—
1,044
Real estate loans
4,440,860
Deposits:
617
+
362
Balances with domestic banks
—
+
36
+
587
Cash in vault.
....
LiabilitiesFederal Reserve notes
1
1
1
Wilson
3 Vi %
obligations.^
Other securities
Total assets
,
830
—
Loans to banks
Due from foreign banks—
+105
1,237
-
2041
Disinfecting Co., 1st mtge. & Collat. 3Vis, due 1958.Jun
& Co., Inc.y 1st mtge. 3% bonds, due 1958—:--_Jun
West
■
Burdines, Inc., preference stock—.
—
& Co., Ltd., 1st mtge. 5s, series A, due 1934
Other securities
20,929,143
193
—
1
ENTIRE ISSUES CALLED
pur¬
obligations
U. S. Government
(incl. guar, sec.)
32
2040
1
1888
Other loans for purchasing or carrying:
Total U. S. Govt, securities
Total loans and securities
—
1
,
3ft ft
,
Burns
Other securities
333,625
—
dealers
carrying:
or
U. S. Government
158,414
—
1,115,142
and
brokers
to
chasing
2,585,221-
5,797
leasehold bonds,
2043
American
—+
*
2115
.
1
+6,909
+1,122
and agricultural
Commercial,, industrial,
7,302
—
11,358
*
1469
1
1
Co
8
+233
+138
57,228
Loans and Investments—total
497,603
1944
$
S
"
'
2225
debentures, due 1960
—Jun
United Biscuit Co. of America, 3 ft ft debs., due 1955—Jun
Wilson &
1945
1945
19,516
+
237,170
.
.
——:Jun
Edison
Toledo
1
332,342
+
Redemption fund—F. R. notes—
V;
:'
2114
2039
1
2ft ft debentures, due 1954——..July
Stokely-Van Camp, Inc.—
Stokely Brothers & Co., 3ft ft debentures, due 1958—Jun
Sunray Oil Corp., 3% ft debentures due 1959—
Jun
r
(In millions*of dollars)
+ •J':,:+.+:+:>•
Increase ( + ) or
'.V1'-":.^'.-v,' .v£\.I-:'v;+v+'!"•
Decrease (—) Since
i
'
*
May 16, ,V May 9,
May 17,
1
Shell Union Oil Corp.,
.
—1,371,665
84,005
—
Other cash
.'
-
,
1st mtge.
Corp.,
2114
8
1
stock.—Jun 30
■
1955
due
2039
•
Jun 15
Avenue, Inc.—
St.
55th
East
One
5 ft ft" preferred
Corp.,
Seven Eleven Fifth
Increase
(+) or Decrease
(—) Since
May 24,
May 16,
2039
2039
4
Works, 1st mtge. 33As, ser. A, due 1961-Jun
Co., Ltd., 1st mtge. 5s, due 1962
July
Distillers
Schenley
weekly reporting member banks de¬
■
/. ..■■'i.
the assets and liabilities of reporting
member banks follows:
■'
2038
1
-
Paulo Electric
Sao
all report¬
due 1973—
series A,
mortgage 3'As,
San Jose Water
Reserve Banks Combined
2038
1
1
mortgage 1ft ft
1st
•Nominal rate.
Sfaiement of Condition of the i 2 Federal
■5
1
bonds, due 1950—;
—•—.Jun
bonds, series B, due 1950—-Jun
bonds, series C, due 1950—
Jun
Poli-New England Theatres,
Inc.—
"
1st mortgage bonds, due 1958
——_Jun
Portland Gas & Coke Co., 1st & ref. mtge. 5s, due 1950_Jun
1st lien and general mortgage 4Vis, due 1950.
.Jun
Public Service Co. of Colorado, 4 ft debs., due 1949——Jun
Public Service Co. of New Hampshire—
.
.658300*
Chicago District; the total increase at
ing member banks was $247,000,000.
mortgage 4fts, due 1956-.—Sep
■
Uruguay, peso—
Controlled
in the
.
mortgage 4 ft ft
1st
•
-
——
4 ft ft
mortgage
1st
3.244203
3.980000
pound
Union of South Africa, pound-
2004
Jun 29
1st mtge.. 5s,
Service Co.,
.
3.980000
Free
New Zealand,
1098
l
1st
Newfoundland, dollar—
Official
.569800*
4.035000
.201215
1
.301215
2003
Street Corp., 4% 1st mtge. leasehold ,
1935.—.———...Jun
Mfg. Co., Ltd., 1st
Paton
4.035000
4.035000
4.035000
1
Pennsylvania Glass Sand Corp., 1st mtge. 3 ft Sv due I960-Jun- 1
Phelps Dodge Corp., 3'/aft debentures, due.1952—,—Jun. 15
Phillips Electric Works, Ltd.—
vfv'[:r"li
1st mortgage 4fts, series A, due 1956
:
_Jun ■ 1
Pittsburgh Steel Co.—
.906562
'
.569800*
.569800*
.569800*
.569800*
.569800*
—
England, pound sterling——
India (British), rupee
.907500
.908125
.908125
.908125
Free
.907500
!■;
2.112
1.
1
Oregon-Washington. Water
series A, due 1957—:
.909090
.909090
;
1
^
collat. trust 3 ft s due 1956—.——Jun
Products Corp., 3'A ft, debs., due I960—_Juu
due
bonds,
1429
Utilities. Inc., 1st mtge. 4fts, series A—Jun
55th
East
One
.060602*:,,;.
'
.051802*
«,
Northwestern
3.228000
.051802*
.060602*
-
Free
National Dairy
.251247*
.251247*
•
Official-
.297733*
.297733*
3.228000
3.228COO
3.228000
3.228000
Brazil, cruzeiro—
11st mortgage and
2002
1
.—July
Montreal Light, Heat
$
.251247*
.297733*
Free
———Jun
1st mortgage bonds, due 1953—
& Power Consolidated—
Ltd.,
Moirs,
May 24
»
$
989
2001
2222
coupon bonds
—
May 23
V
May 22
May 21
$
Argentina, peso-
dated1' June 1, 1936
States Money
United
In
Value
May 19
May 18
1st mtge. 3%%
Ry.,
Minnesota Transfer
York
Buying Rate for Cable Transfers In New
Noon
2110
2221
_
1951
iUpon presentation.
July
Jun
1
1
1
4
9
2269
2153
2153
2154
2269
:
s<
1
1
609
THE COMMERCIAL
Number 4389
161
Volume
& FINANCIAL CHRONICLE
Per
Name of Company
Cosden
Dividends are grouped in two separate tables.
In the
Petroleum
5 7c
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
Crowell-Collier
in our "General Corporation
and Investment News Department" in the week when
declared.
"
<The dividends announced this week are:
Semi-annual
first we
.
When
Per
V
40c
7
6-
6-30 :
6-
7-16
7-
2
i5c
6-15
6-
1
25c
6-15
6-
1
20c
6-
8
Cutler-Hammer,
Davison
$1.25
8-
1
7-13
7-
2
6-
$1.75
7-
2
6-
$3.75
7-
1
6-15
..
•
<
8
67
7-
2
6-
2
6-
7
6-15
6-
1
■4.
8-
8
6-13
6-
5
7-
2
6-15
25c
6-15
5-31
7-14
6-30
6-15
6-
25c
7-
6-14
6-14
6-
4
50 c
6-11
6-
5-31
2
a
7 7- 2
2
6-
6
6-30
6-
9
25c
7-16
7- 2
6-30
6-15
50c
ii-:
6-15
6-
7-
$1.75
-
—-
Lomb
&
Class
Co.
6-22
6- .5
6-
Albany
Inc.
preferred
6%
6-15
2
6-
*
6-12
1
5;28
Great
1
Great
6-
5c
6-
6-
6-15
$2
__■;
6-30
50c
:
5-31
1
5-24
6-
Maine
Central
7%
67c
5%
5-22
6-15
6-
6-15
6-
1
1
7-
2
6-11
10c
.
'6-16
6- 2
Central
$6
6-20
7-16
6-20
1
5-12
125c
5-31
5-22
$38c
5-31
5-22
pfd. (qi
6-
7-15
6-30
5-31
5-25
2
6-11
7-
$1.75
_______
$1.50
7-
2
6-11
$1.50
7-
2
6-11
—
Service.Corp..
Public
■—,—^
6-11
7-
$1,04)
—
1
6-15
374c
6-30
6-30
6-
$1.50
7
2
6-7
7-2
y-rj
50c
Valve
6-20
77-
75c
7-
Chicago Towel Co.,
2
6-
2
2
6-
2
1
$7
preferred
Christiana
T/o
C
I
Cleveland
■
(quar.)
-
Co.,
$1.75
7%
Graphite
Household
Commercial
5-28
6-15
7-
2
6-9*
50c
Co.,
common
6-12
6-
2
$1.25
6-12
6-
2
50c
preferred
6-15
2
6-22
7v
preferred
B
Consolidated
Canada (quar.)
Common
4'/2 '/c
4Yc
<quar.)_
preferred
preferred
Consolidated
C
(accum.)———_
Rendering
Co
4
New
6-15
6-
7-
2
6-11
7-
2
6-11
$1.25
8-
1
7-
Loft
&
—
—
—
6-
1
New
Jersey Power & Light, 47
6-12
New
York
6-12
Newport Industries,
2
7-
2
$lc
6-
1
7-
2
-<V
9
1
Macv
5
$5 preferred (eccum.)
Mapes Consolidated Manufacturing (quar.) —
Marion Reserve Power, $5 preferred iquar.) .
Marshall Field & Co.. 4"47 pfd. (quar.) —
Martin (Glenn L.) Co
Massachusetts Investors Second Fund, Inc.—
6-
6-30
6-15
7-
2
6-15
7-
2
6-11
2
6-15
7-
2
6-15
$1
7-
2
6-15
$2
5-28
5-22
$1.121,2
4
7-
c
10c
6-12
Asphalt Corp. (quar.i—
Malhieson Alkali Works, common
,77
preferred
McCord
Corp.,
6-1
&
Robbins,
$4 preferred
(quar.i
(quar.)
common
(quar.)_——
6-15
6-20
6-11
7-2
'•^6-15
8
7-
$1
Southern
Norfolk
Ry.
Finance, 77 pfd. (quur.)—
preferred (quar.)
Star Oil, Ltd., 77
pfd. taccum. >
Northern Oklahoma Gas Co.
77-
pfd. (quur,)
2
6-
9
Omnibus
2
6-
9
6-
4
35c.
7-
2
6-
8
7-
2
6-
8
87
preferred (quar.)
Oppenheim, Collins & Co., Inc.—
Orpheum Building Co. (s-a 1
Ottawa Electric Ry.
(qunr.i—„—______
Ox Fibre Brush
(monthly)
25c
6-13
5-31
7-
2
6-
8
7-
2
6-
8
7-
2
6-20
6-28
6-17
common—
Extra
—
Paauhau
Pacific
2
6-15
7-
2
6-15
7-
3
1:84c
J',
6-15
6-30
7-
$2
6- 9
4 5-21
'5-31
; '6-15
5-31
$1.75
V
6-15
2
50c
7-10
20c
6-
4
6-15
6-
9
150c
7-3
25c
6-13
6-13
1
■
6- 7
6- 7
>
5-25
15c
/,
—
Pacific
Mills
50c
6-
1
5-15
Pacolet
Manufacturing, 57
5-31
5-25
5
7-
2
6-15
$2.50
6-15
r .v6- 8
50c
(quar.)
(quar.)
6-
50C
50c
Plantation Co.
Sugar
Indemnity Co.
6-1
7-
25c
—
9
5
20c
35c
(s-a)
6-11
Corporation,
6-
6-
87 4 c
25c
Oklahoma Gas & Electric Co., 77
8-14
4: 6- 5
6-14
(irregular)—
American
Prior
5-31
* f
6-26
25c
North
"6- 4
6-15
Co.
(quar.)—i.—
1
•X
5-31
6-16
No-Sag Spring Co.
1
'
2
6-15
Niles-Bement-Pond
6-27
6-12
1
6-15
6-15
,
Panhandle Eastern Pipe Line Co.—
15c
6-15
6-
5
f25c
7-
3
6-
2
30c
6-
9
5-31
6-11
t$3.75
50c.
7-
3
6-15
5.67
'
30c
$3
25c
$1.25
7-
2
Cos.,
Extra
6-19
47
0-30
6-
5
6-15
preferred
4
$5
—
$6
preferred
6-
8
2
6-15*
Perfect
1
5-15
Perkins
6-11
5-31
75c
6-15
6-
1
$1.50
6-15
6-
1
7-
2
6-14
7-
2
6-15
6-
Circle
Petroleum
Extra
6-12
6-
1
37 4 c
7-
2
6-15
7-
2
6-15
25c
6-30
6-
1
1
6-30
6-
$5c
6-28
5-31
$1.50
7-
6-22
2
Trading
&
Exploration
deposit
5-25
6-12
$1,12 4
7-
2
6-12
G-14
5-31
Powdreli A:
Alexander,
7-
2
6-12
Price
&
7-14
6-25
Publication
1
5-29
5-31
Corp.,
Products,
pfd. (quar.)
—
—
2
6-15
$1,064
6-30
6-15
$1.50
6-12
6-
6-30
7-
6-12 4
<,6- 2
6-
8
6-
1
6-
1
6-20
5-31
6-15
6-
Stoker
Company,
convertible
$1
6-12
1
6-
25c
5-24
7
6-15
6-
1
6-15
6-
7-
1$1.374
6-
6-25
7.
,
2
6-
6-25
1
6-20
2
6-25
8-31
8
>6-20
J
6-15
7-
8
6-
6-25
50c
1
5-31
1
6.
1
6-
1
8-
1
6-
9
5-29
50c
7-12
6-21
25c
6-30
6-22
10c
6-15
6-
25c
______—
7-
2
6-18
$1.25
7-
2
6-18
150c
7-
——
Inc..—
(quar._
25c
6-30
6-
5
$1.75
6-30
6-
5
6-30
6-19*
35c
6-15
6-
4
participating A preferred (quar.)
Robertson <H. H.J Co. Iquar.)
$1
7-15
7-
2
Russell
Mills—
$2
Manufacturing
5-28
4 6_
35c
(quar.)—
(quar.)
preferred
-
6-15
75c
(quar.)
—
(increased)
4-17
5
25c
$1.50
—
62 4c
Silk
3-24
75c
Co.
Corp.
22 3/1Oc
$1.75
——_____
preferred
6-14
50e
(quar.i
Reading Co., 2nd preferred
Reed Roller Bit Co.—_—
11c
—_
Packing
57
1
46- 2
50c
10c
67
Riverside
1
6-
2
25c
$1.75
Inc
Rath
Ritter
7-
■
-.6-
6-30
25c
—_
(quar.)
6-15
1
1'r
4 6- 5
•
30c
374c
—
voting (quar.)
common
non-votir.g
Quaker Oats Co., common
Riley
5-31
''
(final)———
Co., Ltd.. 547
7-
1
pfd. (quar.)
(increased)..:
Inc.
5*
7-
6-21
Ltd.—
6
$1.25
2
10c
6-
2
—
————
6-
50c
iquar.)
common <quar.)
original preferred (quar.i
1st preferred (quar.)—
•.
7-
$1.50
Equitable Meter
—
Pittsburgh Metallurgical iquar.i„
Pollack's. Inc., 67 preferred (quar.)_
Extra
6- 8
6-15
.
(Rccum.l
$1.25
2
7-
2
6-12
6-15
$3.25
2
7-
20c
A
Pittsburgh
77
7-
.
4* 5-29
Pittsburgh Brewing, $3.50 preferred (accum.)
Purolator
2
9
receipts
6-12
6-15
7-
6-
—„
Co
1
77
40c
15c
Pincbia. Johnson 4 Co.,
Commou
6-15
:jl 6- 2
'
2
4
6-15
6-27
20c
2
6-
6-15
i?
2
-45-29
(quar.)
7-
6-15
7-
.
9
Corp.
7-
6-
7-2
6-11
.
6-
Co.,
6-
$1
2
25c
iquar.)
$1.50
15c
$1.25
7-
Corp.—
Electric
preferred
Bros.
6-11
2
6-30
class
124c
35c
4. 5-28
2
7-
(quar.)—
374c
$1.75
5
7-
12c
—:
participating
American
7- 2
6-
$1
(quar.»—
Philadelphia Electric Power, 37
Pilgrim
4
2
(quar.i
Ltd.
Exploration
preference
$1
7-14
50c
—
Gear
—
Philadelphia
Philco
9
$1
Philadelphia Co., $6 preference
$5
6-
$1.75
—^
(quar.)
&
Mines,
Gold
Petroleum
$1,124
Co.
Machine
Perron
9
6-27
$1.50
—
iquar.)—
Peoples Drug Stores, Inc...
3
6-
50c
70c
(quar.)
preferred iquar.)—,
Railroad Co
7-
6-27
25c
Pennsylvania
7-
6-
50c
$1.25
pfd. (quar.i
$2.80
(quar.—
preferred
8
$7
—
6-15
Power & Light Co.—
Pennsylvania
6-
8
6-1
$1
(quar.)———
Corp.—
preferred
;
25c
Edison,
Pennsylvania
7-
$1.40
(quar.)
Peerless Cement
6-
6-
;
—4—
2
6-29
(s-n>_
(quar,)_
common
6-25
7-
preferred
(quar.)_
preferred
Paraffine
5-31
-
quar.i—.
Parker-Wolverine Co.
"*■'
6-18
6-30
Common
1
10c
(quar.)
—_—________
$2.50 preferred (quar.)—
^5-31
20c
5-31
40c
iquar.)
Mastic
McKesson
6-21
564
iquar.)
Mangel Stores,
6-15
75c
—
Inc
6-30
$1,064
6-15
$1,124
5-15
4c
6-
7-2
pfd. (quar.)-'
6-30
-
—
(s-a)
City Omnibus—
—
6-
Co.
Co,
Water
6-19
;.
7-15
25 c
t$1.25
partic. pfd. (s-ai
6-30
preferred
2
5-21
6-15, :.6- 9
$3.50
6-22
s
—
(R.'-H.)
6-
125c
—
6-11
7-
—
(accum.)__
Haven
——
Inc.
______
Structural Steel Co., Ltd.—
Trucks,
Mack
preferred
Clock Co.—
Haven
374 c
Corp.
87
.47-16
1
$1.50
lien
New
New
30c
—-
—
Candy Corp
Provision,
1
$1,314
(accum.)—
5-28
— —
preferred (quar.)
Louisville
8-
Co.—
preferred
prior
$7
is-ai
iquar.)T—
6-15
—-
Products
146-25
6-30, 4, 6-11
374c
Ltd.
lien
$1.25
Gold Mines,
Fink
preferred
77
Corp.,
prior
2
-
(quar.)—
Liggett & Myers Tobacco, 77 pfd. <quar.)_
Lehn
Co.,
Car
England Public Service
$6
$1.50
com.—
Keyes Fibre Co.,
4'/a7
Cement
National Steel
374c
Ltd. (interim).—
67 prior preferred (quar.)
$6 preferred (accum.)__—
Kimberly-Clark Corp., common iquar.)
Kerr-Addison
2'
$1.50
(quar.
Products
Oil
5
25c
f75c
(quar.)—
6-30
.
Consolidation Coal Co.. S3.50 preferred
Continental Diamond Fibre Co
Nazareth
B
Co
Oats
6-
50c
_—
MacKinnon
—
.
6-16
2
6-15
t$l .75
30c
90c
(quar.)
(quar.)
7-
preferred
$5
57
—
B
6-29
25c
Special
5
50c
iBait.I
I
series
series
Pwr.
National
25c
——— —
iquar.)____.——.—-
Copper Corp.
5
$1,184
&
6-15
$1.75
(quar.)
6-
25c
EL. Lt.
6-30
$1,084
10c
(accum.)_"
Gas
Kennecott
6-
60c
(quar.)__
6-
30c
B (quar.)—
$4.50 preferred iquar.)
Kayser (Julius) <fe Co.—,———
Kclsey-Hayes Wheel, Class A (quar.)
6-29
Consolidated Film Industries, Inc.—
$2
6-16
25c
67
5-25
7-
124c
(quar.)_—
common
20c
——
preferred
Co.,
6-29
—
Connecticut Light & Power Co., common
Consolidated Cigar Corp.; common
$4.75
5-18
6-25
50c
$1,064
1
6-
$2
(quar.)—_
(s-a)„
Corp.
v,
15c
National
$1.50
(accum.)—,
Extra
$1.75
--
preferred (quar.)_____—.——--4
Commercial Shearing & Stamping Co.—
Solvents
2
common——^
iquar.)
Credit
6
7-
50c
4(4 '/r
Commercial
6-
6-15
(quar.)__
Bronze,
National Malleable & Steel Castings
Co.,
25c
City Power & Light Co.—
Drug
4:5-31
;i:
6-15
Lead
_______
40C
(quar.)
preferred
$6
9
6-
6-15
$75c
—
preferred
6-
6-14
North
Machine Co
Joslyn Manufacturing & Supply Co.,
67 preferred (quar,)—
Katz
50c
G-30
$75c
Jaeger
Kansas
25c
(Irregular)
10c
preferred
67
Oil,
$1.25
5-31
6-30
(s-aj—_
International Salt Co.—
Irving
;_
(quar.)
8
9
6-30
6-
Door Co., common
Telephone (Irregular)—..
preferred
6-
6-
6-
Ingersoll-Rand Co., 67 prleferrcd (s-a)„_
Inspiration Consolidated Copper
——
International Paper Co., 57
pfd. (quar.) —
International Power Co., Ltd.—
77
50c
Corp.,
8
6-
common——
6-
.6-29
6-15
Common
6-15
Paper Co. of Canada (quar.)
1st
conv.
-
Box, common (irregular)__
preferred
National Folding
6-21
Inc
Imperial Life Assurance Co. of
3
7-14
6-30
6-30
<quar.)_
Indianapolis Railways, Inc
Industrial Brownhoist Corp.—
3
7-
6-15
6-
_
57
7-
25c
6-20
25c
Corp.,
150c
(quar.)
'6-16
2
10c
Huttig Sash &
Bell
common
2
(quar.)_______
Register
$1.75
Co., Inc.—
Finance
Ltd.,
(quar.)
7-
2
Co.,
Parts Corp.
Motor
Hinde & Dauch
preferred
6-16
7-20
20c
Corporation—
$2 preferred iquar.)——
Hotels Statler
——
(quar.)—
preferred
6-20
$22
.
6
$1.75
Corp.
preferred
6-
common———
♦—4———Cleveland Theatres, Inc., $4 partic. pfd. (s-a)
Cluett Peabody & Co., common (Interim) —
5%
6-20
iquar.!
(quar.)
Financial
6-15
common
Securities
preferred
T
6-30
$1
Co.
7-
2 4c
Co.,
Hein-Werner
Class
"held).,.
Chicago Mill & Lumber
7-
Lu_—
:
1
mon
Discount
6-20
25c
K
(quar.
National
75c
(quar.)
5-31
7-
27c
c
2
6-15
624c
Manufacturing (quar.)
-•4-Chesapeake & Ohio Ry.-Co. (quar.i*.—
Stock dividend
(one share of Pittston Co.
common
for 40 shares of C. & O. com¬
Chapman
1
6-15
/
6-18
$2
k
& Son Co.,
(L.)
Hurt
60c
124c
common——
(quar.)_———
■
preferred
$1.19
.
2
50c
(quar.)
Harnischfeger
Hart-Carter
Illinois
6-
$37c
40c
4:!44
(quar.)—(quar.)
Vermont
preferred
6%
7-25
WV-
common...
^ Chain Store Products Corp.—
$1.50 convertible preferred (quar.)—_
7, Champion Paper & Fibre Co., com. (qu
'
6-1
$$1.75
Ltd.,
6-20
•;Vi
7-
25c
50c
__
Cash
564c
Gulf Oil Corp.
Co
National
6-16
2
34 %c
(quar.)
6-15
5-29
Breweries,
6-18
2
$1.75
(quur.)_
77-
1:44c
preferred
25c
6-12
$1.25
C
5-16
(quar.)——_—
$6 preferred
6-16.
ft
40c
class
National
4
50c
(quar.)
25c
iquar.)
Co.,
2
.
25c
preferred
Power
6-16
7-
common
$1.75
30C *:
—
6-15
(s-a)
preferred
(quar.)
1
Gulf
6-
$1.25
_■
(quar.)———
preferred
2
,
7-
6-14-
6-14
2
■
10c
Greyhound Corp. (Del.), common (quar.)—_
4'4 7 preferred (quar.i———
—_
GrinnelL Corporation ——
6-30
in
7-
Corp
7-
25c
Greene
50c
6- 5
35c
6-20
;;
3
7-
.
5-21
.
?
j
$35c
X
7-1
t
Extra
1
5
6-
.
*
25c
5-31
National
3
7-
6-13
6-15
preferred
5-22
6-30
c
6-29
6-18
Kelvinalor
57
1
124c
6-30
$1.50
Copper-.-
5-25
1
6- 5
Nashua Manufacturing Co.,
25c
Warehouse
Ltd.—
6-15
6-
7- 3
Ring
$1.50
—
Ltd.
6-
7- -2
6-30
5-29
Piston
5-26
common
Co..
5-26
6-15
6-29
6-20
Co.
374 c
— __—
$1.25
(quar,)_;
preferred
preferred
(quar.)
5-31-
40c
Nash
77
6-14
9-14
.9-14
20c
5-21
9
1
,
Co._
1
6-
i
1
1:55 4
_■______________^
6-
6-20
V
1
in
(payable
(quar.i
Muskegon
2c
—:
Terminal
B
4
Brass
50c
4
1
10-
x
6-14
vt
(quar.)—
6-
25c
(quar.)—
3
$1.25
class
funds).
S.
77
7-
10-
$1.75
6-15
6-5
1
344c
pfd. (quar.V—
funds)
Mueller
6-15
A
7-
t25c
9
75c
5-28
6-
to
134c
4.;
6-
2nd
6-12
/
874c
pfd. (quar.)
pfd. (quar.)
6-30
1st
2
7-
t$1.75
Society, 54 7
preferred
U.
!
Light Heat & Power Consolidated—
S.
77
iw
fr
$3.50
10c
6-
(quar.)
5-16
1
6-14
$3
547
Co.,
25c
Brewing Co
Industries
Cananea
5-31
1
6-
6-30
$2
pfd. (s-a)
(s-a)
75c
(quar.)
Ltd,
preferred
6-15
6-12
6-30
30c
Corp., Ltd., common (quar.)—
preferred class A (quar.) (payable
U.
5-19
r'.( -6-20
t $ 1.25
25c
——_
preferred' (quar.)_,
$6
Signal,
Fisheries
Lakes
5-31
2
5-19
?-
1
7-
30c
(increased 1
(initial)
Irregular
6-15
6-
$1.50
—
Mills
Montreal
5-19
<ii
Ltd.—
10c
(quar.)
(quar.)
Co.,
5-31
50c
20c
Power Co.,
Loan
77
7-
Corp.—
Central Kansas Power Co.,
Chemical
preferred
Moore
$$1.50
Storage Co.. (quar.)
Central Cold
.
Monroe
(quar.)
—_
8% preferred (quar.) —
West Saddlery
1st
77
Capital Wire Cloth & ManufacturingSi. 50 convertible preference (quar.) —
preferred
Monogram Pictures,
5-26
Monroe
iquar.)————
6 7> 2nd
preferred (quur.)
Great Western Sugar, common
(quar.)
5-19
$15e
5%
5-26
1
•**
Razor, $5 preferred
Valley
67
1
,1
Messenger Co, :(QU«f "J
Products,
6-18
1
6-
—
American
Great
$2.50
______ _____
Hecla Consolidated Copper
Food
Oil
6-29
$3
tlOc
Catelli
2
6-
Co.,
common
Gorton-Pew
Grand
(quar.)
preferred
Co.,
Globe
25c
V/o
7-
$1.75
5-21
5-19
_
i
14c
Corp.
65c
convertible preferred
4V27
6-5
6-15
40c
:—
Seivice
preferred
Corporation .(quar.)——_—
Glidden
5
6-23
7-16
15c
Water
&
57
$1.25
Gisholt Machine Co,_
35c
Calumet
6-15
$1,12 4
—
Girdler
3
.7/
—
Bulova Watch Co.< Inc.—:—
California
2
A
6-15
7-
'
Mills
7-
1
1
t$l .25
$25c
9
5-26
1
X
6-
$1.50
preferred
6-
6-
1
1
e-
6-
$1.25
5-25
-
d ;•
6-
$1,374
(initial)™.
77
6-
5-31
-
r
e-
m.75
preferred
57
$1
6-15
$1.27 4
—
6-iG
6-20
$1.75
;
6-20
7-, 2
25c
5
6-
,
2
50c
(quar.)
Knitting Co.,
5-25
80c
2
7-
374c
pfd. (quar.)
conv.
6-18
6-15
50C
(irregular)
Monarch
7-
15c
(quar.)—
Public Service
25c
:
Railway
B
6-15
interest
Canada
Gillette Safety
7-
Wheel
Calhoun
class
60c
124c
(quar.)—
(quar.)_
2
6 7 pfd. (quar.)
class A pfd. (quar.) —
67
5-31
$1
5
5-31
5-31
(quar.)
6-11
50c
class A
7-
+$2
6-
6-12
6-12
Mobile & Birmingham RR. Co., 47
7-
New York—,
tiirregular)_—
6-15
f25c
2
10c
(quar.)
preferred
25c
of
preferred
67
5
77
Candy
General
Co.
preferred
Class
6-15
57c
Cal.)
2
3
7-
974c
Corporation
preferred
Missouri
$1,124
Co.—_
Co.,
Baking
67
2
:
6-15
1
(s-a)
(quan)
preferved
prior
$5
6-15
6-15
1
(quar,)___.
Mississippi River Power Co., $6 pfd. (quar.)_
Missouri-Kansas Pipe Line, com. (irregular 1
7-
Gas Corp.—
Corp.
Co.
1st
Monarch
Corp. (quar.)
General Precision Equipment Corp
Electric—
Distillers
(initial)
Common
General
Pwr. & Gas Co., Lt ct.
/Brooklyn'Telegraph
Budd
General
5-18
2
;
■
(quar.>
Brown-Forman
6-12
7-
25 c
Co
RR.
&
2
7-
5-22
common..
preferred
participating units
75c
Indemnity Co.
Kleiser,
Extra
of America—
British Columbia Elec.
6-
(quar.)
Co.,
6-30
*
t50c
——-
Brager-Eisonberg,
1
25c
,
(quar.)
interest
&
6-1
7-
$1,124
-
Boston
1
$1.25
Inc
beneficial
6-15
(irregular)—
Gair
(Robert), 87 preferred (quar.)
Garfinckel (Julius), com. (increased quar.»„
6-12
6-
374c
(quar.)—
Investment Trust
Units" of
$1.25
_____
(quar.)
Shoe
B
Gabriel
6-30
(s-a)4~-4LrU_4-——
Mines,
Bonanza
6-15
50c
beneficial
Fund
Foundation
6-26
-
Bond
6-15
6-30
Co
(s-a)
Truck
Petroleum
Foster
6
6-15
(quar.).
common
&
7-10
7-16
Fiduciary Trust Co. of
6-11
6-
(quar.)
Valley Gas
preferred
6%
7-25
$1.25
common
Francisco,
Class
$2.50
Co. of Canada, Ltd. (quar.).
<8s Decker
Blackstone
of
Federal Motor
1
75C
r:JBerghoft Brewing Corp.—
■Black
5-25
5-28
(quar.)__
Corp. (quar.)
Federal Compress & Warehouse Co.
Federal fining & Smelting Co.—
6-
.
Co.
Iron
Co.,
Certificates
6-13
Works——-——
Packing
9
Associates—
Products,
Railroad
7-
6-14
iquar.)__
(s-a)_
Co.
Fuel
5Vz'/o.' preferred
B
Bell Telephone
Paso
Florsheim
J20c
»'•
$5
$5.10
25c
preferred
Co.
pfd. (quar.)
Electric, $4.50 preferred (quar.)
1
__
Beech-Nut
RR.
Steel
6-
6-30
6-
6-16
1
com. (s-ai_
(irregular)—
Gas Light Co., 77
pfd. (quar.)_
Minneapolis Gas Light Ca.—
$1,124
(quar.)
Malleable
6-15
20c
Optical,
8%
preferred (accum.)
prior preferred (quar.)
V 6-15
-
._
Bausch
Mahanoy
6-13
6-25
pfd.
Milwaukee
$1.25
de Nemours & Co., common
$4.50 preferred
6-30
,
9
2
6-
"
West
547
(final)—
registered
(E. I.)
(San
12V2c
—
5%
preferred iquar,)
Bayuk Cigars, Inc. (quar.t
Beatty Bros., Ltd.,' class A
Middle
1
Pont
Corp.,
Middlesex Water
.
5-21
6-30
Gas
Locomotive
5-19
6-15
6-
$1
25c.
Atlanta
Baldwin
1
6-15
_________
Corp
Realty
Foreign Light & Power Co.,
preferred
(s-a)\.^..iU_:___w---i--*
Gas Light Co., 4J.a'4
pfd. (quar.j-
5%
1
6-
6-29
6-12
Co.
Street
Federal Water &
50c
Corporation Ltd. (quar.)
Atlanta Birmingham & Coast RR. Co.'
5-25
6-
25c
56
67-
(quar.)—
convertible
Company
Mid-West Refineries, Inc.,
60c
25c
v
■
5-22
$1
Midvale
4
$3-50
■
8
6-8
:
'
5c
$2.40 preferred
Micromatic Hone
5-17
Fireman's
Asbestos.
44
5-31
6-
1
$1.50
Corp
6-11
5-31
Inc.
Exchange. Buffet
Corp.—
Mining
Constable
Arnold
57
6-15
(monthly)—____
(initial)
(quar.)—
Industries,
Ex-Cell-O-Corp.
25c
(qua
common
(quar.)
Western
Arkansas
5-31
25c
Erie
6
..,$1.75
Copper Mining
Copper
5-25
6-11
15c
preferred (quar.)
Empire & Bay State Telegraph Co.—
47c guaranteed (quar.)
Erie & Pittsburgh RR., 77 gtd, (quar.) —
The above payment is after deduction of
Pennsylvania State tax of 7'/2C.
5
1
6-
20c
—
25c
:_„4_ :
L——
77c
■
1st preferred < accum.
Andes
5-31
6-11
60c
El
6-
35c
common
Extra
6-15
12 4c
(quar.)—
Electrograpbic Corp.,,common
American Superpower Corp.—
$6
6->20
15c
Corp.
Essex Company
37 4 c
non-cum.
Anaconda
5-31
7-
5-31
6•
.
624 c
•.
preferred (quar.)
Metropolitan Edison, 3.907
Dominguez Oil Fields Co.
l*
6-
.
50c
44
Cream
Ice
Eastern
25c
preferred ______——
(/(American Ship Building Co., common™
.7% preferred —
—
—American Sumatra Tobacco .Corp.__
$1
6-11
Oil
Machine Co.—
87
50c
4Va'/«
$1,124
:
Products,
preferred
1%
Messer
Mesta
20c
Pepper Co.—
Eastern
8-15
$1.50
.
-
American National Finance
2
5
5-25
$1.75
;
(quar.)
common
(quar.)
Doehler-Jarvis
6 7«
$1
(quar.)
& Metals—.
American Maize
Dr.
7
7-
American Machine
t
66-
25c
common
Mickelberry's Food Products Co.,
(irregular)
Corp.,
preferred
East
$1!.25
_
(quar.)
preferred
7%
6-13
6-30
5
6-12
Corp
Corp.,
of Rec.
6-30
6-12
124c
Hat
6-11
$2
Corp.—
Stores
Eastern Gas &
Inc.—
American Locomotive,
Hotel, Inc.
Air
Diana
;
20c
:
A
(irregular)
J30c
124c
A
Merrimack
15c
__
Payable
'
Dewitt
Delta
6-14
(Houston,/Texas)
(quar,)
American Hardware Corp. (quar.)
$1.50 class
6-14
75c
—
4
Duval Texas Sulphur
6-28
.
Class
25c
(quar.)—
Iron
Duquesne Light Co., 57c
8
American General Insurance Co.
American Locker Co.,
6-25
67 partic. pfd—
Refrigerating Co., common—
Holders
When
Share
Distilleries.
Merchants
Detroit Hillsdale & Southern Western RR. Co.
Ordinary
75c
,
(quar,)
preference
4 V2 ^
6-14
25c
Detroit & Canada Tunnel Co.
Du
75c
"4
6-25
2
Dunlop Rubber Co. Ltd.—
20c
(quar.)
________
& Hoe, common. _______
Fork
American
50e
_______
35c
Corp.
Malleable
Drummond
30c
—
preferred
6-
Inc
Chemical
Dayton
5-31
$1.50
preferred (quar.)__
;
Aetna Ball & Bearing, common <quar.)_—
>■; 5%
preferred (quar.i
—
Air Associates,Alabama Power Co., $5 preferred (quar..)__
$6 preferred
(quar.
$7 preferred
(quar.)____
Albany & Susquehanna RR._________—
American Agricultural
Chemical
American Bank Note, common
preferred (quar.)___
American Colortype Co.
(N. J,)._.——
American Export Lines, 5%
pfd. iquar.)
American. Felt Co., common (irregular l
6%
6-14
'
Driver-Harris
7
$1
_4—•-———_
Extra
4*4,
.
6-30
15c
(quar.)__
Laboratories, common
Abbott
of Reo.
Payable
Name of Company
Mclchers
624c
Dresser
Share
Name of Company
,
Holder$
Per
of Rec,
'
Dixie
./'•?. !444:;■
Industrial and Miscellaneous Companies
Holiert
Payable
"
(accum.)_
Publishing' (quar.)
Extra
under the company name
-
Corp.—
preferred
convertible
When
Share
2371
Co?—
—
—
5
3
6-12
374c
6-11
5-28
374c
6-15
5-31
Manufacturing
Ruud
25c
Co.——-.—L
25c
Extra
Safety
/
Heating
Car
QuarterlyJose
;_****_r~—..•'■SI.
*__*
4% Yo
preferred (quar.)
Schenley Distillers Corp.,
Schlage Lock Co. (quar. I
Scott
Co.,
Paper
$4
common
pfd. (quar.)
(quar.)—I.——-———-
preferred
$4.50
$1.37»/a
—
12Vic
(quar.; 45c
5Ys%
preferred
(quar.)————
6-13
8- 1
£*1
$1.12 Va;
>-—-
5
8-1
5-19
6-11
5-20
6-25
6-10
i
6-
1*
7-20«
7-20*
6%
America,
of
Co.
5-25
7-14
6-22
American Arch
7-14
6-22
American
Automobile
7- 2
2
6-15
American
Car &
7- 2
7- 2
6-15
6-30
7- 2
7- 2
6-11
6- 1
6-15
6-1
6-14
5-24
6-14
5-25
preferred
6 %
1st
7%
2nd
Gefton
(s-aj-
preferred
preferred
Securities
(s-ai
Fibre
(quar.)———-
Corp.
(quar.)
prior pfd. (quar.)
5%
Can,
Seiberling Rubber Co., $2.50 pfd, lquar. i
5%
preferred A
Selby
Shenango Valley Water Co., 6Yo
Simmons-Boardman
$3 preferred
(quar.)
-—
$1.20
Steel
preferred
L.)
(T.
SI.50
9
5-31
6-26
6-15
6-15
6-
15c
—
6-21
6-21
6- 1
6- 1
5-23
1
5c
6-30
6-
7- 2
7-2
6-16
6-30
6-15
30c
Corp—-——_—25c
Electric Products——
25c
Corporation
6%
Southland
A
(accum.)_*
(accum.)—
Royalty
Standard
•
preferred
preferred B
Co
Phosphate
i
Corp
common
(quar.)
Power &
—-—;——
stock
-
American Cyanamid
preferred
$6 preferred
2
6-30
6-
2
American Forging
6-
1
American
40c
6-
Taylor-Wharton Iron & Steel Co.—
30c
6-
8
5-28
$2
Tex-O-Kan
common...—:
20c
5-31
5-15
———-L
$1.75
25c
5-15
(quar.)
———*-**--*'
Inc.
Flour Mills Co.,
7% preferred (quar.)___
Thoinpsoh Products, Inc..
5%
>
f
(accum.)
6-
5
6-
9
7- 3
6-11
6-
1
6-
2
6-25
6-15
6-
1
5-15
6-11
5-24
American Meter
Co. (quar.)---—,
——
50c
Inc.——
,*■*8c
6-25
6-15
American
6-30
6-13
$7.yac
$1.25
(quar.)----:
2c
$28c
—
series
A
(Hartford.
Clutch
Stores,
Union
Carbide
Union
Pacific
United-Carr
Carbon
&
RR.
Co.
Fastener
Chemicals,
market
1
6-
4
30c
6-11
5-31
75c
•
-
(payable
Inc.
of, Westvaco Chlorine
the
7- 2
7- 2
6-
$1.50
(quar.)
Corp.
(quar.)
(quar.)—
price
United
Merchants
common
Extra
United
$2
Printers
preferred
United
U. S.
U.
States
7%
United
States
Universal
Victor
Trust
Co.
(N.
Y.)
Co
(quar.)
Baking
Corp.,
preferred
preferred
Wayne
Mills
Pump
6*
1
7- 2
6-
8
6-15
6-
4
6-15
6-
4
7-
6-15
2
40c
4
6-
9
6-20
6-
9
25c
6-15
6-
5
10c
_*
6-
6-20
25c
—
6-14
25c
•
6-15
6-
5
20c
-
7-
2
6-12
75c
common
7-
2
6-12
$1.75
-
—
(resumed)..
7-
2
6-12
$3.50
-
(s-al
Co.
$15
-
(quar.)---
(quar.)
Ware River RR.
Warwick
6-20
6-15
—
—-
7%
6-20
7- 2
30c
—
—
Co.-,
Co., common-—$1 convertible preferred (quar.)
Vinco Corporation
$3 2nd
7- 2
43%c
Equipment
Wagner
5
$1.75
(quar.):
Products
Norman
6-15
20c
**.
preferred
6-
6-30
10c
common;:/;
—-
7% prior preferred (quar.)
Co., common
Tobacco
6-13
5
50c
Inc.,
Co
Leather Co.,
S.
Van
& Publishers,
(quar.)
Graphite
6-
$6
_*
6-12
6-13
30c
preferred
7- 2
30c
(quar.l-
-
Paperboard Co., Inc., 6%
United
1
50c
Manufacturers
&
6-
7-
5
6-23
$1
—
(quar.»„
6-29
6-14
7-
50c
___
6-19
2
Wells Gardner
10c
6-15
6-
West
25c
6-
1
5-21
$1.12Va
7-
1
6-18
$2
6-
1
5-21
$1
6-1
5-21
7-
6-
8
8
& Co.
(initial quar.lWater Service Co., common-$4.50 preferred (initial quar.l-
Virginia
—
Western
Real
Estate
Trustees
—
(Boston)
Extra
.
Wheeling Steel Corp.,
$5
convertible
White
Motor
Whitln
prior preferred
<quar.)
Co
Machine
25c
common——
$1.25
&
6-
6-25
6-11
Works-———-—.
Hirsch,
Wisconsin
7- 2
25c
—
:
45c
6-
1
5-24
75c
$1.25
7-
1
6-21
7-
1
6-21
35c
Wieboldt Stores, 6% preferred
(quar.)—
$5 prior preferred (quar.)„„—-v':.
Winter
6-
1
5-21
6-30
6-11
6-15
5-31
7%
Inc..
pfd. (quar.)
Co.-_-_l---,—--L-l
Investment
;
ty
,
8c
Wisconsin Michigan
Power— 4
V
4Va %
preferred (quar.)..————
Wisconsin Power & Light Co.—
6%
;
$1.12 Va
y,
6-15
6-15
5-31
Oil
25c
7-2
6-12
15c
7-
6-15
——————
7%
Co.
(quar.)
—_
Extra
Wood
——
(Alan)
Woodward
7%
Steel
&
Lothrop,
preferred
7%
Co.,
pfd. (accum.)
$1
(quar.)
common
(quar.)
6-
4
50c
...
—
Worcester Transportation Associates-—
World Investment Trust (ctfs, of bene,
2
6-15
5-31
—
int.)
Worumbo
Manufacturing, 3Va% pfd. (s-a)
Yale <& Towne Manufacturing Co
Zonlte Products Corp. (increased)
6-28
6-16
$1.75
6-28
6-16
6-30
6-15
15c
6-
5-21
1
_**
$1.75
6-
1
5-21
15c
_
7-
2
6-
8
25c
6-20
6-
8
7%
preferred
Radiator
American
Railways
American Service,
American
American
Stamping
American
Refining,
Per
Name of Company
Acme
Steel
Co.
(initial).
Share
Products
American
Zinc
Alabama
6%
participating
Alexander
&
Algoma Steel,
Allied
5%
Laboratories,
Mills, Inc.—,.*..
Products
A
Corp.,
_____
(s-a)
(quar.)
(irreg.)
Allied Stores Corp., com.
5 % preferred (quar.)
...
7-
...
British
5
Brown
9-
5
Bruck
12-15
12-15
6-20
5-31
6-20
5-31
$5 preferred (quar.)
Buckeye Pipe Line Co
Buda Company
6-30
5-25
Budd
1
5-21
Buffalo
1
5-15
Building Products, Ltd.
6-15
5-15
Bullard
6-
Bullock's Fund, Ltd
Bullock's Inc.
(quar.)**
Bunker Hill & Sullivan
Works,
(quar.)
Inc.
Investment,
2
7-16
1st
Line
6-15
West
6-
1
5-10
6-
1
5-10
6-15
6-
1*
6-
1
5-11
7-
6
6-23
6
6-23
6-
1
5-12
6-
1
5-10
6-
8
5-23
6-
1
5-19
5-21
Drop Forge Co
com.
6-30
6-12
6-30
6-12
37V2C
6-20
6-
5
6-
5-
4
$1.50
1
6-13
5-18
$1.75
6-13
5-18
$2.50
6-12
6-
37Vic
——
6-15
5-21
75c
50c
6-
1
1
5-15
Radio
California
(W.
2
6-
1
Barber-Ellis
Co.
7-
2
6-15
6-
5-15
6- 1
5-12
6%
:
6-
1
5-
8
6-20
6-
9
25c
6- 1
5-15
:
$1.25
*
6- 1
Co
;
(quar.)
5-19
$1.20
6-11
Barnsdall
Oil
7-
2
6-11
Bath
Works
7-20
6-29
B8^hurst Power &
7-
6-15
A
3
6-15
6-
6-
5-18
50c
;>
1
5-10
1
5-15
6-
1
5-19
6-
1
5-15
7-
2
6-15
6-
9
5-29
5-31
5-16
6-
1
5-15
p.i
5-15
5-29
$10c
7- 3
6-
9
6-
9
$6272c
77
6-20
5-25
6- 1
5-15
7-
1
9-15
9-
1
6-28
6-
1
6-15
5-15
7- 3
6-15
6-1
5-15
A
Canada
Canada
Wire & Cable Co.,
Class A
Corp
(interim)
:*
1st
preference
Participating
60c non-cum.
.
5-31
6-15
5-31
1
4-30
conv.
Extra
B
common*.
6-30
6-20
6- 1
5-15
7- 2
5-31
7- 2
6-
1
6-
1
5-
1
ji5C
6- 1
7-31
5-
1
7-31
6-29
7-14
6-15
-7
'
$$1.25
j$i.25
$$1.75
Investment
(s-a>__
1
III—I
(quar.)
A
(quar.)_
6-11
7-
2
6-11
Carolina Telephone &
Telegraph Co. (quar.V*
Caterpillar Tractor Co. (quar.):
6-
1
4-30
Carthage Mills, Inc.,
6-
1
5-15
$2c
6-28
5-30
6-1
4-16
5-21
6J preferred B
6
$20c
6-1
$377ac
7- 3
6-11
6-11
6-
$1.50
6-30
6-20
50c
6-
1
5-15
25c
6-
1
6-20
5-31
5-15
(irregular)25c
6-30
6-15
60c
6-30
(quar.)
preferred class A (quar.)—_________
Catahn Corp. of America
5
7-
2
6-
1
6-
1
5-15
6-15
5-31
Central Foundry Co., 5Yo
preferred
Central Illinois
Light, 4YzYo
6-
1
5-18
Central Illinois Public Service
Co.—
6%
preferred
20c
6-
9
5-15
7-
2
6-20
Central Ohio Light & Power Co.—
$6 preferred (quar.)
J25o
6-
1
4-30
Central
—*___***_*
(accum.)
(accum.).
Steel
Products,
$1.50
6-30
10c
6-15
6-15
6-15
6-
Inc
(quar.)"
(quar.)
1
6-1
5-17
2
6-20
$1.50
6-15
5-19
$1.50
pfd.
Ohio
5-15
50c
r
.
1
7-2
6-
preferred
1
6-
$2
6-30
$6
5-
$$l
$1
common**
common
6-29
$4c
_
Ltd. (quar.)*__
Boxes, Ltd.— ,•>>'
(accum.)*.
Inc., $2 class
.
Trust,
Canadian Tire Corp.,
Canadian Wirebound
Carman & Co.,
Class B
6-20
ji5C
(irregular)
preferred
6-30
$75c
(quar.)"**
Canadian Malartic Gold
Mines, Ltd.
Canadian Marconi Co.
6 Yo
9
6-30
6-20
':,$25c
•
£
preferred (accum,)__
Canfield; Oil,
9
6-
$6272c
(interim)
(quar.)—_—
preferred
6-
7- 3
$$1.75
>
;
Industries, Ltd., class A
7% preferred (quar.)
Canadian International
$1.50
9
7- 3
jsc
(interim)—
B
9
9
6-
$25c
(quar.)
—
A
5-15
66-
$5c
$l5c
7% preferred (quar.)
•Canadian Fairbanks-Morse
(quar.)
Canadian Food Products
(quar.)—_
Canadian Foreign Investment
Corp
Canadian Industrial Alcohol—
Class
7-2
7- 3
7- 3
7- 3
$25c
preferred
Participating
Canadian Celanese,
Ltd.,
6-
$25c
(quar.).
*
$1
'■.
6-15
*
30c
»
6-15
(quar.)****
$$1.627a
Bakeries, Ltd., 5Yo pfd. (quar.)**
$$1.25
Canadian
Breweries, $3.40 conv. pref. (quar.)
$85c
Canadian Canners, Ltd., common
(quar.)
$20c
35c
...
-
Canadian
5%
5-31
$$l
$25c
*
$25c
„
Paper Co., Ltd.—
(quar.)
Ltd.—
(quar.)
6-
$12V'2C
6-15"
(quar.)*****
;_*-*____**__**v $3772c
Machinery Corp., Ltd. (s-a)
$50c
Canada Malting Co., Ltd.
(quar.)
$50c
Canada Permanent Mortgage (quar.)
$$2
Canada Vinegars, Ltd.
(quai\)
$15c
Class
(quar.)***
25c
(quar.)—
(quar.)—
1
6-15*
*
1
*
Y.)
6- 9
Ltd.—
2
7c
7- 3
$20c
25c
7-
*
3
$$1.25
——*
J15C
—_
5-15*
7-1
6-12
common
$1.50
(quar.)
1
4
3772c
$$1.50;
7-
6
1
6-
6-
Class
6-
6-15
6-
15c
1
5-18
25c
.
(quar,)
$1.75
(quar.)
(quar.)
common
5-
25c
******
$2.50
preferred
(quar.)'—
Co.
1
6-15
A
Class
15c
.
Canada, Ltd. (quar.)*—
Seelig Manufacturing Co.—
9
3
6-
..
$3772c
Class
Canadian
5c
*
of
7- 2
5-
7-1
5-25
$1.25
common
(quar.)
Co,
1
.
$1.0674
5-15
4iy4c
(quar.)
(N.
6-
$1.75
—**___
Mills****
5-31
$1.127a
:
Canada Cement Co., Ltd.—
6V2Y0 preferred (accum.)*.
5-31
6-
5- 4
6- 5
15c
(quar.)
(quar.)
preferred
5-15
10c
25c
_
1st
:7
12V2c
(quar.)*
Cotton
Ltd.. 5%
vtc. (increased)
com.
Investing
H.)
7-
1
1
'
Wyant & Cannon Foundry*.
Canada Bread Co., Ltd., common (interim)
5%
preferred (quar.)*—__**_—__*_
6-11
25c
(quar.)_
(accum.)—
Co.
Barber
5
6-
6-
Campbell
6-11
7c
Show. Inc.,
(quar.)*.
Bankers Trust
6
6-
6-30
127aC
Electric Power, com. (increased)
California Water & Telephone, QYu pfd. (quar.)
5-31
12 Vic
Toronto
6-
5-21
7- 3
7.
7
*
Butler Water, 7% preferred
Byers (A. M.) Co
40c
}5c
Montreal
A
preferred
6-11
7C
5-28
Class
4V2Y0
6-21
50c
(monthly)
6-15
5-21
5-22'
50c
Concen-
&
preferred
5-11
Ltd
preferred
Iron
Mining
common
B
1
Inc._
class
Brothers,
Class
6-
*
Bangor Hydro-Electric, 7%
6%
preferred (quar.)*
&
Butler
Corp.
672%
Bangor & Aroostook RR. Co.--
Barlow
Dixie
75c
preferred
of
5-31
5-28
15c
(quar.)
Mills Corp.—
New common (initial quar.)
5 Yo
preferred (quar.)
1
6-
5-11
(s-a)—
4
6-20
6- 1
*;
(quar.)
5-21
6-
5-11
(quar.)-.
Building, Inc.,
of
Co.
1
6-15
5-15
(quar.)—
Bank
6-12
5-7
1
Monthly
5%
2
1
Co.
Corp.
Mills
7-
.7671.:
6-1
(increased)
Co., 5% series A preferred
Automobile Gear Works, Inc.—
$1.65 convertible preferred
6%
5-31
5-24
Indies SS. Lines—
preferred
Powder
Baltimore
6-15
5-31
$2
Co.
6-
5-25
45c
_
6-
Refining Co. (quar.)
Atlas Corp., 6%
preferred (quar.)
Foods,
trating
Btirton
6-
Atlantic
Atlas
6-15
7- 2 ;
$15c
—
Burroughs Adding Machine
10c
(quar.)
5-15
$1.25
.*
********—___**
6-15
25c
Co
Atlantic Coast Line RR.
Avonrlale
*
6-31
$1.50
pfd. (s-a)—
5-22
5-18
6-15
20c
(quar.)
2
$1.25
75c
1
1
6-15
20c
2
7-
$1
—
1
6-
$1.25
7-
—
(quar.)
1
6>
25c
common
*
7-
$1.75
Topeka & Santa Fe Ry.
Mines,
Co.,
*
Co.
20c
common
common
Corp.,
non-cum.
5-15
272c
Mfg. Co., $5 preferred-.*
8
62V2C
(quar.)——
Coast
5- 4
6-
(quar.)
Co.__*____—
6-
25c
—
Financial
5 7o
Forge
7-
—
Dry Goods Corp.,
preferred (quar.)—
7% preferred (quar.)
6%
Atlantic
5-31
4
Burlington
$1.50
*—
Corp.
Associated
Atchison
$1.75
_____________
(accum.)-
prior preferred
Armstrong Cork, common (interim)-—_—
4% convertible preferred (quar.)
Aro Equipment Corp., 5%
preferred (initial)
preferred
6-
50c
(Edward G.)
5
(111.)—
convertible
6-15
50c
6-
30c
pfd. (accum.)—
5-31
5-15
1
5-15
$10c
7- 2
.
$1.50
—
67^
1
6-15
6-
5-29
(quar.)
Burd Piston Ring Co.
5-15
Gas,
1
6-
(quar.)
9
6-15
(s-a)
6-
6-15
Inc.
6-
1
Natural
5-25
6- 8
Ltd.
6-16
2
Astor
Manufacturing
5-31
6-
common
6-
6-15
7- 3
Co.,
6-30
7-
Inc.,
4-13
10c
(quar.)
Brunswick-Balke-Collender
1
6-11
6-11
$25c
50c
Mills,
7- 2
4
25c
5%
Shoe
Silk
6-
25c
6-15
5-
$1.25
(quar.)__
(quar.)—
preferred
9
Mills
5-31
50c
Co.
1
3
(quar.)
6-
——
Associates
Iron
9-15
Arkansas-Missouri Power Corp., common.*—
Artloom
E.)
6-15
115c
common
5-22
6-
(quar.)
California
(quar.)
6- 1
$20c
Ltd.
Brooklyn Edison Co., Inc.
5-15
Metal
&
(G.
Brookside
1
6-
6-
Note
Co.,
5-24
1
Art
Oil
5-18
1
9
4-30
6-29
7- 2
Co
Motor
6-15
6-
Co.
Bank
American
British-American
Brockway
40c
Co.,
6-28
2
6-20
(irreg.)—
Edison
Bank
$1.25
2
$4.25 preferred (quar.)*
Canada Foundries & Forgings,
Co.,
$3 partic. pfd.
Bankers National
40c
7-
7-
5-29 4
6-
7- 2
Canada & Dominion Sugar Co., Ltd. (interim)
5-28
43%c
Bristol-Myers Co.
Canada Dry Ginger Ale,
6-15
$1
6-20
6-20
2
50c
5-18
2
6-20
6-28
40c
1
7-
6-
5-15
5-21
40c
6272c
50c
$$1.50
50c
—:
6-
6-
1
6-15
6-15
$$1
Corporation
Brewing Corp.
Brooke
6-
6-15
6-20
Interim
5-14
5-29
7-16
$3.50
preferred
Brazilian Traction Light & Power Co., Ltd.—
1
:
7-16
3772c
(quar.)
7%
of America (quar.)
Briggs & Stratton Corp. (quar.)
Bright (T. G.) & Co., Ltd., 6Yo pfd. (quar.).
5-10
&
Sons
J.)
Corp.,
(s-a)—*$3
$4.50
15c
(quar.)
(increased quar.)
6-15
$$2.50
....
common
2
5-15
6-11
6-18
7- 2
35c
50c
6-30
$4.50
ordinary....
Ltd..
Inc.
Allied
7-
25c
RR.,
preferred
Allied
Class
75c
preferred
Baldwin.
5-31
1
5-21
6-15
4-30
6-
1
5-15
1
(E.
6-1
7- 2
3
Brach
Brandon
6-
5-31
7-
Bower
4
5-17
7- 2
7-31
7-31
6-15
7- 2
7- 2
Burial Casket Co.—
Increased
5-15
75c
Armour
(irregular)—
5-29
6-
50c
67r>
Wharf Co.
1
2
—
Arkansas
(quar.)
5-10
1
6- 1
$1
$1.25
16c
$1
(quar.)
6-30
(quar.)—
$5 preferred
75c
40c
6-30
Farms Co.,
Arizona
Ry.
Inc.
Fund
-
50c
,—
$1
Mills
Archer-Daniels-Midland
Arden
(quar.)
Co.
Elevated
6-
7-
75c
-
preferred
37VaC
—**
Southern
A
$1
quarterly
Roller Bearing**
$1
class
6-
$1.1272
6- 1
$1.25
National Corp., Ltd
Balfour
6-
Boyertown
5-16
10c
30c
Telephone
Cotton
B/G
$30c
5-22
$2.25
67o
5-22
i$1.75
1
6-15
6-
5-18
$2
(accum.)—
(accum.)
Arcade
6-21
1
Boston
Smelting Co.—
Andian
6-15
*_:.*___
Great
&
Anheuser-Busch, Inc.
6-12
6-
5-18
1
12V/2C
75c
75c
(s-a)
Anglo-Canadian
7-10
6-15
6-11
6-
$2.25
$1.3772
Ampco Metal, Inc., common
67o preferred (s-a)
6-30
25c
preferred
pfd.
preferred
30c
Agnew-Surpass Shoe Stores, Ltd., common..'
7% preferred (quar.)
;
Agricultural Insurance Co. (Watertown, N. Y.)
Quarterly
Special
of Ree.
Boston
1
$1.25
(s-a)
The above payment clears all arrears.
Amoskeag Co., common (s-a)
25c
(quar.)_
Engineering........_____
Standard
T/o
Lead
prior
conv.
20c
___
York
(quar.)
Woolen,
_
Supply Manufacturing class A
Aetna
Holders
5-18
7-
$1.75
pfd. (quar.)—
Co., Inc., 5 7e pfd. (s-a)—
Tobacco Co., common (quar.)„—
American
Co.
Boston
6-11
v
& Telegraph (quar.)—
Thermometer, preferred (quar.)—
B
*
_____
*_
Aeronautical
Payable
—
American Thread
15c
_____
Adams Manufacturing Co. iquar.)
Addressograph-Multigraph Corp.
Aero
When
7%
Autocar
Companies
Borden
Borne-Scrymser
1
6-25'
20c
(quar.)
,
5-14
6-30
$1.75
common
5-21
5-19
6- 1
(quar.)
A
5-19
6-11
(quar.)—
com.
5-19
75c
Co., $3 pfd. (accum.)
(interim)
5-17
6-
Co.
&
,
5-22
$1.50
(quar.)
pfd. (quar.)
conv.
25c
(quar.)—
American Telephone
American
5-19
12 Vic
50c
—
Foundries
Surety Co. of New
American
1
5-19
6- 1
50c
American Stores Co,—
Aunor
Miscellaneous
—
Co
(participating)—
Smelting & Refining Co., common.
American Sugar
6-
6- 1
&
5-10
6-12
$1.75
50c
20c
$0,843
$3 pfd.
Atlas Tack
and
(initial)
Corp.
Mill
American Steel
E.)
9
6-
6-
—
American Rolling
6-15
$1.25
.
62V2c
Inc.,
6-30
Sanitary—
(quar.)
Atlas
preceding table.
Industrial
Standard
&
1
(quar.)
4preferred
(F.
5-31
6-
10c
(quar.)—
pfd.
(accum.)
preferred
B
Stores,
5-15
I
$1.75
$1.75
$1.75
$1.75
$1.75
(quar.)
preferred
Class
Bond
Brown-McLaren
American Public Service, 7%
Atlantic Gulf &
Below we give the dividends announced in
previous
weeks and not yet paid.
The list does not include divi¬
dends announced this week, these
being given in the
4
6- 1
5-31
7
(quar.)
class
Co.,
,
5-15
6-15
.
5-31
6- 1
6-
50c
——
20c
4
6-
50c
20c
$1.25
25c
$1.50
(quar.)
$6
preferred * (quar.)
$1.50
preferred (quar.)—————$1.75
Wiser
„
2
1
6-
2
627ac
(quar.)_|_.
preferred
$4.50
2
7-
Paper Goods—
preferred
$5
6-11
2
7-
5-15
—
7%
Class
7-
preferred
Ami
5-17
l
7- 3
7- 3
7- 2
6- 1
6- 1
6- 1
6- 1
6-15
Ridge Corp., $3
Blumenthal (Sidney)
Bon
5-15
6-
5-22
Co.
Blaw-Knox
7Ye
5-31*
(quar.)——
Co.
7%
7%
6-11
2
6- 1
common
Common
6-15
7-
6-12
—
7%
6-11
2
6- 6
l
5-
preferred (quar.)
Breeze
conv.
preferred
7-
5-31
15c
Black Hills Power &
5Ye
6-
6-15
Co—5c
Light, common..*.—*
30c
Brewing
Blackhawk
of Rec.
7- 2
6-30
6- 1
Blue
(quar.)
Corp. (monthly).
American Investment Co. of Illinois,
American
30c
1)
Illuminating Co
United
in
Products Corp.
June
on
1
preferred
Products
American Home
5%
1
Leather—
&
convertible
67o
Conn.)—
Quarterly
at
\
6-1
Hide
American
67c
6-
6-
6-15
Holders
6- 1
6- 1
Block Bros. Tobacco Co., $6 preferred
preferred (quar.)
*
$2 preference (quar.)—.
American Machine & Foundry———:
American Manufacturing Co., 5 % preferredAmerican, Metal Co., Ltd., common—
1
6-15
6-30
20c
15c
6-20
6-
1
75c
6- 9
Travelers Insurance Co.
stock
(quar.)
$3
50c
Royalty
Trans-Canada Shares,
United
common—
50c
r
Shipyards Corp
Disc
preferred
Corp.,
—
_**
$1.30
*.
Bell
Twin
(quar.)—
General
-----
preferred
Axle
Tip-Top Tailors, Ltd.
Tybor
preferred
34c
(interim)
Inc.
Tom
4% %
American
(quar.)
(initial)-
—;*
convertible
Timken-Detroit
Todd
1
& Socket Co.
Gas & Electric Co., common
$4
$2.50
Time,
6-20
—
5-31
6-15
6-18
6-15
common
preferred
New
■
6-
6-15
50c
50c
$1.50
$1.75
12V'aC
40c
$1.183,4
/
15c
50c
75c
62'/2c
preferred (quar.)
$2.50 preferred (quar.)
Sylvania
Talon,
(quar.)———
Oil
1
6-21*
2
6-15
$1.50
—
(accum.)
6-15
7-2
6-15
Co.
Paper Co.
5-19
6-
Securities—
6-15
Sutherland
1
participating A (accum.)
—
,
t$l
Bcalty Bros., Ltd., 7% 2nd preferred—.—*
'$$3.50
Beau Brummel Ties—20c
Beaunit Mills (quar.)
—u—
—
37V2c
Belden Manufacturing Co
—30c
Belding Corticelli, Ltd., common (quar.)
J$1
7% preferred (quar.)
$$1.75
Bell & Howell Co., common (initial)
I2V2C
41/2 c'o
preferred (initial)
—:—-*-**,
45c
Benton Harbor Malleable Industries—*
10c
Berkshire Fine Spinning Associates—
^
7%y preferred (quar.)—*———:
$1.75
$5 conv. preferred (quar.)
$1.25
Bethlehem Steel Corp., common-—**; $1.50
7"/o
preferred (quar.)———
$1.75
Bigelow-Sanford Carpet, common (quar.)—,
50c
6% preferred (quar.)*———*———
,$1-50
Bird & Son, Inc., 5% preferred (quar.l*—
$1.25
Birmingham Gas, $3.50 prior pfd. (quar.) _*
87«/2c
Birmingham Water Works, Q'/o pfd. (quar.)
$1.50
$1.60
Booth
(quar.)———.-l—.
Holding (increased s-a).
1
Swan-Finch
5-17
7-
25c
12/2c
Exchange
preferred
9
6-15
$1»50
(quar.)—
Export Lines (quar.)
American & Foreign Power, $6 pfd.
$7
6-
68 Ac
American
6-15
6-15
5-28
When
Payable
& Sons, Ltd.—
(W. D.)
Beath
.
Co., common
6-
Sunshine Mining
2
8
(accum.)
(quar.)
American European
American
6-
7-
series of 1936 (accum.)
Vnth of share of
$1.37 k
class A opt. div.
Payable in cash or
6-15
1
(accum.)
'
B
6-
Light Corp.—
B
class
3
50c
& Cigar,
$2.75
57»
4
$1.25
$1.50
-
preferred
6-11*
5-23
5-
6-
81-75
®1
...
Payable in cash or l/16th of a share
of class B stock
1—
6-11*
30c
common
(quar.)
Paper Co.,
preferred (quar.)
(quar.)
Cigarette
CIbss
1
7-
2UC
Chicle Co.
class A opt. div. series of 1928
Payable in cash or 1/16 of a share
5-25
20c
15c
Iron,
common-
6-
+30°
5-22
5-11
6-
conv.
5-20
6-11
2
5
Foundry—
American Cities
$3
5-21
7-
$&*
Co. (St. Louis).
Insur.
Extra
67c
5-15
6-
Co
non-cum.
American
2
$1.50
$1
10c
10c
10c
Sonotone
4.6%
&
(quar.)
Co.,
preferred
Sorg
75c
$1.50
—
-
Sloss-Sheffield
6-
7%
American
9
6-11
(5C
Si
$2.75 class A opt. div. series of 1936
(quar.),.;
Co.
Extra
6%
pfd. (quar.)
6-15
Corp.—•
Publishing
Manufacturing
Smith
..
(quar..)
Co.
Shoe
Singer
$1.75
$3
$3.50
10c
75c
$1.25
62c
$1.25
12VaC
$1.50
————
(s-a)—
Acceptance
Brothers
Seeman
50c
-
5
5-15*
6-
Holding Corp. (s-a)
Amercx
6-12
Extra
6-
$11.50
Amalgamated Leather—
6"o convertible preferred (accum.)
6%
convertible preferred (accum.)
50c
8*
6-15
(quar.)
——
Aluminium, Ltd., common (quar.)———-67« preferred (quar.), pay. in U. S. funds
Amalgamated Electric Corp., Ltd
25c
3Va %
ouc
preferred (quar.)
Industries, Inc.
—-
Co.———■—->
Lace
common
Aluminum
Scruggs-Vandcrioort-Barney, common (s-a)_
Scranton
—
(quar.).
Cement—r——
Portland
6-
6-30
40c
Si
common
(quar.)...—
preferred
4%
Aluminum
Co.,
Manufacturing
Allis-Chalmers
Alpha
6-15
7-2
6- 1
7- 2
6-1
7- 2
5-15
20c
50c
.297
5
>
.
.
Water
.
6-15
Inc.—
Co.,
Pulp & Paper Co.—
—
Works, common———
Helens
St.
San
Lighting
&
TG-
6-15
Per
Share
V
Name of Company
of Rsc.
Payable
Hhare
of Company
Name
of Rec.
Payable
Share
Holders
When
Per
Holders
When
Per
<
-
Hame of Company
Monday, May 28, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
6-15
5-19
$1.25
$1.1272
$1.50
25c
7-
6-1
5-15
1
5-22
6-
THE COMMERCIAL & FINANCIAL CHRONICLE
"Number 4389
Volume 161
Per
Name of Company
\
Central Paper Co., Inc
Central & South West Utilities Co.—
$7 prior lien preferred (quar.)
Accumulated
$6
When
Holders
Payable
15C
._
'
} Name of Company
,
6-20
Cuneo
$1.75
6-20
Inc., 4Mi % preferred (quar.)
Curtis Manufacturing Co.
(Mo.)
Curtis Publishing Co., $4 prior pfd. (quar.)
Cushman's Sons, Inc., 7% preferred (quar.)
Dallas Power & Light, $6
preferred.;
5-31
$1.75
6-20
5-31
$1.50
(quar.).
6-20
5-31
$1.50
*.
15c
Ribbon Mills, Inc. (quar.)
Chamberlain Co. of America
Chapman Valve Manufacturing Co.—
7</c
preferred (s-a)
i
•
Chateau-Gai Wines, Ltd.'(interim) __
Chesebrough Manufacturing Co. (quar.)
Century
15c
$3.50
$25c
5-31
6-20,:
6-15
6-
7%
1
6-11
1
6-
6-
1
6-
5"
5-23
5-19
$1
6-25
A 6- 1
Deisel-Wemmer-Gilbert
Delaware
6-
6-
4
5-21
Delaware & Hudson Co.
6-
1
5-15
Dentists Supply
Flexible Shaft
Chicago Great Western Railway Co.—
5%
preferred
laccum.)
Chicago Rivet & Machine Co
Chicago South Shore & South Bend RR.—
Quarterly
Chicago Yellow Cab Co., Inc. (quar.)
Chickasha Cotton Oil (quar.)
Quarterly
Chrysler Corporation
35C
6-30
6-20
62 '/2c
6-29
6-14
20c
6-15
5-25
Chicago
1
30c
6-15
6-
25c
6-
7-14
1
69-
6-14
5-21
1
$1.25
(quar)
9-
1
8-15
Diamond
Match
12-1
11-15
6-15
6-
15c
6-
1
1
6%
1
6-
8-
6-14
6-30
6-15
1
5-11
6-
5-15
>
,
1?
1-2-46
12-24
Dome
6-
6-
75c
6-15
5-28
Ltd.,
$1.25
common
6-15
6- 1
5-15
7-
6-15
>
6-
1
6-
1
5-10
(quar.
...
Corp.,
Semi-annual.
Colgate-Palmolive-Peet,
Aikman
&
Stores,
Inc.,
...
Eagle-Picher Lead
East St.
$6
|
(quar.)
—
1-
(Del.)..—
of such
pfd. (quar.)..
$5
(quar.)..———
Compania Swift Internacional.
See Swift.
Confederation Amusements, Ltd.—
Community Public Service
8','c
9
5-15
7-
2
6-14
5-15
50c
6-15
5-25
Consolidated
Laundries
Consolidated
Paper
—
Inc.—
of New York,
Utilities
Corp. (quar.)
6-30
6-25
Co.
66-
1
5-15
6-
1
5-15
2
66-
1
7-
5-31
40C
6-15
5-
4
6-15
6-
V
5-19
1
10c
6-
1
1
$5
preferred
$5
preferred
7-
1
>
31'Ac
6-
4-30
-Federal
6-30
6-15
Shops,
common.——
(interim)
$3.75 preferred (initial quar.)
...
Continental Casualty Co. (Chicago) (quar.).
25C
Can
Co.,
common
6-15
5-25*
933Ac
7-
2
6-15*
6-
1
5-15
7%
preferred
Continental
Co.
Steel
40c
(Del.)
6-
25c
7-
6-
6"o
preferred
Cook
$4
Paint
(quar.)
7-
2
preferred
—
$1.62'/a
7-
2
Class
(quar.)
preferred
cum.
series
A
7%
5%
Company,
conv.
Crompton
6'A
preferred
6-
1
Class
6-
1
7%
6-11
6-
7-15
6-22,
1
5-
1
6-25
6-
1
6-
$1.25
6-15
6-
1
6-30
6-
9
50C
6-15
5-15
$1.50
7-
2
5%
conv.
of
6-15
5-31.
56'Ac
6-15
5-31*
(interim)
&
Extra
pnrt Clinton
(s-a)
——
25c
7-
2
6-13
$1.25
6-
1
5-14
1$1.50
6-
2
5-
8
$1.25
(quar.)
RR.
Stores,
Fair
Food
$4
Co.,
(quar.).
Co.,
com.
;
(s-a>.
6-30
6-15
$2
6-30
6-19
19J/„C
R-IS
«_
12'/a c
11-15
I
a
cn
5-18
5-15
6-12
5-16
5-18*
7-14
6-29*
7-14
6-29*
1
6-
1
5-15
7-
2
7- 2
2
6-14
7-
2
6-14
6-15;
6- 1
V.
5-31
1
15c
40c
.
6-
1
5-19
-1
6
34%c
75c
5-16
1
5-21
5-24
5-14
6-
5-3 r
6-15
$1.10
$4.40 pfd. (quar.).
Co.,
5-17
1
5-15
25c
6-
1
6-15
$5c
$22Va0
6-
1
6-
Co.
Stores
Ltd.
(quar.)
(quar.)
Watch
preferred
Co.,
(quar.).....
common
(quar.)
Paper Co.
(quar.).
common
5-10
1
5-10
6-30
6-23
6-15
25c
15c
$1.50
25c
$1.12Va
5-25
1
5-18
6-
6*
6-20
5
6-15
6-
1
5-15
25c
6-
1
5-15
50c
—u
• • 25c
Hanna (M. A.) Co., common....—25c
$4.25 preferred (quar.)..—;
$1.06V4
Hanley (James) Co., common (quar.)...
25c
7% preferred (quar.)—.
—
87 Mac
6-
1
5-15
6-
1
preferred
iquar.I.
(quar,)—.
Extra
v
-.'
(quar.)
Class B
Extra
/
Harbison-Walker Refractories Co.—
Common
V
(quar.)
preferred
6%
Common
v
4la%
(quar.)
pfd.
—
prior preferred
2
1
5-15
6-
1
5-18
6-
1
5-18
6-
1
5-11
7-20
$1.50
$1.12'/a
25c
*
$1.75
75c
$1
(quar.).
Hathaway Bakeries, Inc.—
$7 convertible preferred (accum.)___.
Hartman Tobacco, $3 preferred (quar.)
$4
5-15
6-
6-
25c
(quar.)
Co.,
0-13
;
...
Chemical
Harshaw
5-15
5-17
6-
1
9-
1
8-17
12-
1
11-16
7-
7-16
5
7-
2
6-20
6-
1
5-15
6-
(quar.).
1
5-12
—37l'aC
50o
$1.25
Hazeltine Corporation —__i.__.__...—50c
Hecla Mining Co
25c
Helena Rubenstein, Inc., common—
50c
Class A (quar.)
25c
$1.50 preferred (quar.)...—
Hawaiian Commercial & Sugar
Hazel-Atlas
Glass
5-12
Heileman
6-28
"5-15
3c
10-
1
9-17
5-29
5-15
Co.
7-
6
1
5-15
6-15
5-31
6-
1
6-24
7-
2
6-22
6-
6-15
6-5
7- 2
6-15
6-15
6*
7-
6-30
6-15
9-29
9-15
12-20
12-15
7- 2
$1.25
$1.25
$1.25
(quar.)...—-
6-15*
6-16
'
10-
9-15
1
6-
6-30
25c
9
6-
25c
9
6-
f
1
■i
2%c
20%
class
—...
Co., Ltd., 7%
&
Oil Corp. (quar.).
Electrochemical Co.,
Hooker
preferred
6-
5
Hoover
5
6-15
5-31
Horn
6-30
4-18
6%
6-
1
5-15
(quar.).—
—_
—
—
(quar;)..———.
partic. preferred
Participating
—
6-
5-19
partic. preferred (quar.)
—
Participating
—
—- —
Horn & Hardart (N. Y.), 5% pfd. (quar.)..
Houdaille-Hershey Corp., $2.50 cl. A (quar.).
6-
1
5-19
Houston
6-
1
5-19
Houston
1
5-19
Howard
Stores
9-
1
8-20
5'A%
7%
Lighting & Power Co. (quar.)
of Texas. 5% pfd, (accum.)
(Increased).
—
Wheeler Corp., 67*
Corp.,
prior pfd. (quar.)
common-——
6th Street (year-end)—
Four Wh^el Drive Auto, common—
41st St. Building Corp.——————
Fraser Co.. Ltd. (nuar.)—
—
West
Freeport Sulphur Co.
(quar.)
5-19
Humble
Oil
5-19
Hunt
6-15
6-
5-21
8
6-15
6-
5
6-11
6-
1
6-16
5-26
'
6-16
5-26
6-
6-15
8-
.
5-15
2
6
7-16
8-
v.
1
7-
25c
50c
Hudson
6-30
25c
37t2c
25c
$3
50c
$1
Hudson
5-28
6-15
50c
$25c
't25c
•;
A
11-20
6-15
$1
C mada, Ltd., class A
1
6
7-16
' 6-15
5-31
6-
8
5-26
6-
1
5-21
7-25
6-30
6-
1
5-15
6%
Bros.
&
Refining
Co.
6%
&
Erie
Mortgage
(quar.)__—
1
8-21
1
11-21
7-
3
6-15
1
5-
4
6-
1
8
6-20
6-
6-30
6-20
6-
1
5-15
6-
1
5-15
6-
1
6-
1
5-15
6-
1
5-15
6-
1
5-12
(quar.)
5% preferred (quar.)
5% preferred (quar.)—
—
Hydraulic Press Manufacturing Co.—
6% cum. conv. preferred (quar.)— —
Illinois Central RR. Co. (Leased Lines)—
4%
preferred
guaranteed
Illinois
5"0
Power
conv.
Co.,
(s-a)___
5% conv.
preferred
pfd.
(quar.)—
(accum.)
Imperial Chemical Industrial,
Ordinary shares (final)
——
5-15
6-30
6-20
9
5-19
6-
6-30
6-15
6-
1
5-10
7-
2
6-
6-
•
8
6-11
5-11
1
5-17
6-11
5-12
6-
1
5-15
:
15c
$1.75
$1.50
I$1
$1.25
$1.25
$1-25
37V2c
$2
62"2c
37lic
Ltd.—
5%
5-11
6-
1
6-
1
5-11
7-
3
6-
Huttlg Sash & Door Co.—
5%
5-21
912-
6*
'
preferred
Huron
5-22
6-28
(quar.).—
(quar.)..
————
Water, 7% preferred (quar.)—
preferred (quar.)
5-15
10c
37'/2c
Packing Co. of Delaware—
Huntington
1
5-27
21'Ac
$1.31'4
J50c
—__
6-11
25%
—
common..:
6-
5-29
$2.25
preferred (quar.).—.—
_:
Bay Mining & Smelting Co., Ltd.—
Motor Car Co.
(quar.)—"
12-
17 /2c
each four held)
common
Corp.,
5-15
6-15
Oil Co.
6-
;
1
1
40c
(quar.)
'.
preferred (quar.).—.
(A. C.) Co. common
6-
$1.06'/4
35c
$1.12,/a
15c
r
45c
18c
8^40
3c
$1.25
62V2c
90c
—
(quar.)
common
$$5.25
25c
pfd. (accum.)
common
4V2%
Co.,
,
;
A
Honolulu
6-
5-15
5
1
class A
1
7-17
6-
6-
$1
6-
7-27
6-15
'
25c
25c
25c
•
6-15
'I
1
5-22
6-19
50c
Battery Co., $1.75 conv. cl. A (accum.)
(Henry) & Co., Inc.—
6-15
J5c
$5c
6-
66-29!
5
$1
5
5-14
5-14
6-
5
5-15
6-
66-
9-
.——.—a*—;
5-31
7-10
5
5-22
5-14
15c
30c
30c
Light, common
class ' A-——————- :
6-20
6-
6-
15c
$1
7-15
25c
6-15
6-15
12-
Holt
5-15*
5-31
7- 2
12-15
Hobbs
1
5-15
"...u.—30c
Hires (Charles E.) Co.
(quar.)..
....
30c
Hobart Manufacturing Co., class A
(quar.)
37V2c
6- 9
9
5-21
1
6-15
Common
p-11
6-
*
—
Common
6-30
6-
1
6-21
6-
9-15
8-15
75c
5
6-
25c
Monthly
Electric
2
6-15
25c
25c
$1
$1
75c
31c
Co
(quar.)
Heyden Chemical Corp., common (quar.)...
4% preferred A (quar.)...
4% preferred A (Initial quar.)
Heywood-Wakefield Co., common
——
5% preferred B (quar,)—.
.a.——.a
Hibbard Spencer Bartlett & Co. (monthly)
Hilo
$2.50
$2 50
Brewing
(G.)
•
(quar.)
Hewitt Rubber Co.
15c
25c
Bridge Works..
Service
5-19
5-21
6-
$1.50
(quar.)
8
1
6-21
$1.50
Corp., $6 pfd. (accum.)
5-15
6-
6-15
50c
6-14
,
1
Works.
Hancock OU (Cal.), Class A
6-22
7-
66-
2
6-22
7-2
$1
common
7-
2
6-
6-
Tea,
1
Mines,
4V2%
6- 1
62]/2c
40c
—
—
B
8
6-
5-15
—
(quar.).
common
(quar.)
div. (One share for
Ford Motor Co. of
Class
5-E5
6-
1
common
Stores,
Hotels Co
Foster
8
6-15
75c
1
preferred (initial quar.)——
Fulton
6%
6-1
6-15
Hallnor
Hammermill
6-30
17'/ac
21,7°
(ouar.)——.—————-
Machinery Corp.,
Fort Pitt
6-
6-
■
preferred
Stock
6-20
10c'
62l2c
6-
10c
preferred
$2.50
5-15
(s-a)
6-
Ltd.,-class A.————
7%
Food
5-15
5-21
10c
Hamilton Cotton Co., Ltd. (quar.)
...
Hamilton Mfg. Co., cl. A partic. preference.
Hamilton
6-18
25c
B
Four-Twelve
Crum &
Forster, 8% preferred
Cuii"'"
5-28
—
———
7%
Class
America—
preferred
9
Co.—
—
6-22
25c
—
Crown-Zellerbach Corp. common (quar.)
$5 convertible
preferred (quar.)
Co.
6-
———————-
preferred (quar.)——
preferred (quar.)..
Ford
Works—
(quar.)
Crows Nest Pass Coal
Crucible
1
...
preferred
(quar.).
Fitzsimmons
6-10
Crown Cork & Seal Co., Inc.—
$2.25
5-28
Brothers
$4.25
Industrial Fund
...
of Philadelphia (stock div.)
Quarterly
6-10
12'/a C
-—
(quar.)
(quar.).
Crosley Corp.
.
Flintkote
(quar.)
Inc.
Loom
Knowles
5-11
25c
(quar.)
of
&
6-11
1$1.75
common
preferred
6-14
V
$1.31'A
common
preferred
America;
Petroleum Corp
Creole
6-14
6-29
6-29
20c
preferred (quar.).
Creameries
9
preferred (quar.)
$1.1272
Fishman (M. H.) Co., Inc.
(quar.)— Ar 15c
Fitzsimmons & Connell Dredge & Dredge Co.
20c
(quar.)
Corrugated Paper Box Co., Ltd.—
Crane
6-
4'/2 %
5-18
1
1
6-15
common.....
Corp.,
Holt Renfrew
_
Corp.,
5-31
$1.75
Association
62»/aC
common
Cornell-Dubilier Electric
$5.25
6-
1
75c
(quar.)
preferred
5-31
—
Firestone Tire & Rubber
25c
common..
(quar.)
Copper Range Co
*
Copperweld Steel Co.,
5%
6-
Utilities
States
6-12
——————
6-15
50C
Cooper-Bessemer Corp.,
$3' prior
20C
(quar.)
com.
6-
1
5-10
6-11
$1.50
6-15
Dyeing—
(quar.)
Corp.—
Fire
5-18
1
Aircraft Engineering Corp.—
5-31
$1.50
30c
,15c
(quar.)..
B
6-
6-
90c
Increased
6-15
Traction Co., $6 pfd. (quar.)
6-15
-
'
$1
Varnish
&
(quar.)
5-15
6-15
Power-
(quar.)
5
of America at Baltimore—
Co.
A
Class
preferred
5
•
United Cleaning &
Financial
Telephone Co.—
participating preferred
8-
5Va"/o
6-
Works——-——
Enamel
Finance
4
6-15
2
$1.75
Corp
5-15
1
6-25
Continental
V'c
5-21
$$1.50
preferred
7%
Ferro
433Ac
(ouar.)
Oil
Screw
Fenton
40c
Continental Commercial Corp.—
Continental
1
6-
—
—-
Federal
6-15
50c
Railway Co., pfd. (increased)
5-14
(s-a).
Extra
Continental
6-
15c
—
Mogul Corp
5-31
30C
(Chicago)
5-15
Griesedieck Western Brewery—
Great Northern
50c
$7l/2c
—-———
Fire Insurance Co. of Canada
Federal Light &
5-15
1
50c
$1.25
Paper,...
25c
;—
Life Insurance (Syracuse,
preferred (s-a)
5%
5-16
150c
Continental Assurance Co.
Green Mountain Power
5-21
25c
—
Bake
Federal
6-15
3
(quar.)
Consumers
6-15
5-31
30c
25c
50c
.
Quarterly
Federal
preferred (quar.)
Glass, Ltd. (quar.).
7-16
5
Northern
2
—».
(quar.)*
Y.)
N.
5-21
6-
(quar.)
(quar.)
(quar.)
Farmers & Traders
6-20
6-15
$1.75
Pacific
1
—————— —
.
preferred
$5
5-15
6-
$1
conv.
6-
$1.25
('quar.)—,——-w—.,——
Fansteel Metallurgical Corp.—
Consolidated Vultee Aircraft—
$1.25
Great
7- 2
$1.25
$1.25
Common
4
6-23
6-30
Haverty Furniture Cos., Inc.—
Fajardo Sugar Co. of Porto Rico (quar.)...
Falconbridge Nickel Mines (interim)
Falstaff Brewing Corp., 67c preferred (s-a) ■
5
5-
1
6-
$1.50
}15c
class A (quar.)
Ltd. (special)
5-25
Atlantic'&
preferred (quar.)
Lakes Engineering
7- 2
(quar.)—
Extra
5
5-
1
25c
(quar.)
Consolidated Press, Ltd.,
Consolidated Steel Corp.,
60c
25c
Corp
6-20
——25c
57c
7'/aC
Corp
Coppermines
Great
Co.—
preferred
1
6-15
lc
Great
7-
preferred (quar.)———preferred (quar.)
—
Eversharp, Inc., common (Initial quar.)——
5% preferred (quar.)
Faber, Coe & Gregg com. (quar.)
Fairbanks, Morse & Co. (quar.)
—
57c
6-
50e
35c
1
$1.50
—
5%
5-15
6-15
15c
(quar.)____„
Railroad
Erie
5-19
1
25c
6-30
...
6-
1
6-
37'/ac
(quar.)
5-
6-
.i————25c
Elgin National. Watch Co.
—
25c
El Paso Natural Gas Co., common (quar.)—
60c
77c preferred (quar.)
$1.75
Ely & Walker Dry Goods, common (quar.).
25c
77c
1st preferred (s-a)
_—;—
70c
Q%
2nd preferred (s-a)
60c
Empire District Electric Co. (quar.)..—»
'28c
Empire District Telegraph, 5% pfd. (quar.)..
$1.25
Emporium Cap well Co., common (quar.)
40c
4y2</o preferred A (quar.).:
....
56'Ac
Engineers Public Service, $5 pfd. (quar.)...
$1.25
$5.50 preferred (quar.)..,
$1.37V2
$6 preferred
(quar.)
....
$1.50
English Electric Co. of Canada, Ltd.—
$3 non-cum. class A—.4——A.—$25c
Equity Corporation, $3 preferred (accum.)_.
75c
6c
5-15
(quar.)
1
Special
SI
Co.
1
$25c
$1.50
(quar.)
common
Electric
5-18
6^12
7-
1
$1.25
8-
Hale
5-19
5-18
2
6-12
Knight, $1.80 preferred (s-a)
Shops (California) (initial quar.).
Indemnity (N. Y.)
5-25
5-19
1
40c
5c
&
6-12
1
1
6-
...
6-
50c
s-a)
1
6-
6-20
American
Hajoca
6-
120c
of Canada, Ltd
Great
Hackensack Water
6-
55c
—
Grayson
62%c
56'AC
pfd. (quar.)
Graton
6-30
5-11
(quar.).
1
quar.)
(quar.)
5-15
6-11
1
5-11
(quar.).
8
Co.
1
2
1
(series 1941)
6-
5-26
30c
tl5c
1
preferred
40c
7-
5-30
(s-a)._
6-
preferred (series 1938)
5-15
6-15
7-15
(increased)
Co.
Mines
6-
conv.
Co
Union
6-
Gulf
(quar.)—
6-15
2
(quar.)
Mining Smelting &
$1.50
common
5-15
2
7-
25c
(quar.)...
Co.
$1.75
conv.
6-
Gas
(quar.)...
____
Stores,
1
7-
(s-a).
York)
8*
$1.75
(quar.)
Goodyear Tire & Rubber Co., common
$5 preferred (quar.)
8-
$50c
i 15c
$$1.25
$$1.75
10c15c
30c
i'/o
b-
Consolidated
>
57c
6-1
1
6-
6-
& Co., common...........
W.)
5-29
6-15
/
...
(New
9
6-15
$1.50
...
(quar.):
Co.
(B. F.)
5-17
7-
1
$1.25
$1.50
cash)
$5 conv. preferred
7-
t87lic
J35c
J$1.25
$20c
6-20
$1.25
5-25
Insurance
Grandview
6-20
Brothers
Falls
Glen
7'/o
preferred (quar.)
6-20
8-
$1.25
25c
Semi-annual
t$1.25
2
1
8
(Western),
7-
6-28
Consolidated Edison Co.
Goodall-Sanford, Inc.
7- 2
6-15
Consolidated
5-29
25c
62'/ac
14c
Co.
1
Edison
25c
Bakeries
6-
5-18
Quarterly
Congoleum-Nairn, Inc. (quar.) —
—
Coniaurum Mines. Ltd.
(s-a)
;
Connecticut Light & Pwr., $2.40 pfd. (quar.)
Consolidated Biscuit
Goebel Brewing
5-28
9-25
Consolidated
5-18
67c
12-24
6%
1
5-18
9-29
Power,
6-
6-
1
12-31
»
6-22
(quar.)——15c
Eastman Kodak Co.,
1
6- 9
,
Corp..
Grumann
Eastern Steel Products, Ltd.
tSl.50
River
Harvester
Griggs, Cooper & Co.
6-12
t$1.50
Power
Gleaner
5-25
5-18
Quarterly
Dreferred
8-10
5-22
1
"Quarterly
$2.20
1
7-13
6-30
m.50
Connecticut
9-
1
(initial
Airlines
7-
75c
or
Co., preferred
6-11
Eastern
Confederation Life Assn. (Toronto)—
Connecticut
(S. A.)
6-15
5-25
Jy- t$3
(s-a).
preferred
participating
Gerrard
(quar.)
$1.25
order)
Telephone,
Commonwealth
5-14
20c
preferred
made 28 days after the date of the SEC
order to the holders of preferred stock at
the close of business on the 14th day
after date
1
Grand
Co.
5-14
(quar.)
5-15
6%
to be
is proposed
(payment
6-
...
1
$1.25
(quar.)
6-
(quar.)...;
Georgia RR. & Banking Co.
preferred
6-
2
Southern Corp.—
&
5-25
25c
.
11-
40c
preferred
8
6%
Granby Consol.
12- 1
6-
held
share
6-30
(quar.)
5-10
each
6-
9
Louis & Interurban Water—
Boat
for
7-30
preferred
5-28
stock
6-
62 Mc
1
5-14
50c
1
8-
1
6-
6-15
$1.75
preferred
7-
t$1.25
6-
6-12
25c
,
6-15
6-15
20c
£
Georgia Power, $5 preferred
2
1334C
General Shareholdings Corp.—$6 preferred (accum.). Optional stock divi¬
dend series (44/1000th share of common
J30c
7%
*
''
Commonwealth
5-18
5-30
6
(H.
1
5-15
Corp
Gossard
5-
75c
B
Co.
5-18
1
Reinsurance
1
6-12
6-21
1
Advertising Co., common..
6-
1
25C
Class -A.
Investment
1
6-
31 'Ac
conv.preferred (quar.)
Columbia Broadcasting System,. Inc.—
Commonwealth
6-
6-15
$1.75
$3
Columbian Carbon
5-18
Outdoor
6-11
2
Colorado Milling & Elevator Co.—
Class
1
$1
(quar.)
F.uel & Iron Corp.
8-
6-
$1.50
—
General
8-15
t55'/ac
....—
2
6-
a*
Manufacturing
7-
6-
(quar.)
Gorham
Chemicals
&
6-
7-
common
5
—
Plastics
preferred
5%
6-9
6-
1
$5
6-
7- 2
6-
4-23
62 '/2C
common
(quar.)
preferred
5%
Colorado
Durez
6-
5-31
General Industries Co.,
General Motors Corp.,
5-12
...25c
Duplan Corp.
6-12
$1.25
conv.
Colonial
6-12
50c
1
7-2
6-12
25c
common..
preferred (quar.)
Colonial Ice Co., common (irreg.).———
$6 preferred
(quar.)—.,
$7 preferred
(quar.)
5%
2
2
$1.06'4
pfd. (quar.)..
$4.25
Corp.,
7-
25c
Coleman Lamp & Stove..—
Collins
1
12-24
6-
(quar.)....
6-15
$3
—
10-
10-
12-24
preferred
7
25c
(s-a)___:_
Ltd.
1
7%
Goodrich
(quar.)
6-12
75c
common..
$2
Drug Co.—————...— —— .1.-",
Dow
7-
$5.60
common..._
(s-a)___——-—-————
2
Inc.,
25c
(quar.)——A—i__——„
75c
—
7-
Co.,
$1.50
._
$1.50
.(quar.)
2
Anglo Investment Corp., Ltd.—
preferred
7%
5-25
6-15*
7-
Cigar
7-
Doyle Manufacturing Corp.
25c
75c
General
(quar.)
Cartons
5-31
General Bottlers, 55c conv. preferred (quar.)
General Bronze Corp. (quar.)
;
1
&
6-15
(quar.)
75c
(quar.)
5-31
683,4C
5-21
(s-a)
preferred (accum.)—.——
Stores, Ltd. (quar.)
Dominion Textile,
Ltd., common (quar.)...
5-10
50c
Corp.
37Vic
5%
6-15
America
50c
(quar.)...
1
6-15
Manufacturing, class B (quar.)...
particpating preferred A (quar.).....
$3
Dominion-Scottish Investments, Ltd.—
87'/2C
31'4 c
6-2
6-20
25c
Dominion
7% preferred regular gtd. (quar.)
Special guaranteed (quar.)
General
5c
preferred (quar.)
& Steel, Ltd. (quar.)__
Malting Co., 5% preferred (quar.)
Common (quar.)—_______
25c
2
6-11
50c
...
6.
Gemmer
5-10
25c
A..;
1
7- 2
25c
5-28
(quar.)
Dominion
7-
6-15
1
6-25
6-
50c
Foundries
5-25
Coast Counties Gas & Electric—
Co.,
Ltd.
Envelope
Dominion
9
$1.12%
6-29
30c
7%
5-28
6-
50c
(quar.,)
9-30
General
...
1
6-
(quar.).
1
(quar.)—
Company
&
25c
2
10-10
$1.25
pfd.
8
6-
V 7- 2
$$1.38
!
(quar.)
Gaylord Container, common
5M % preferred (quar.)
'
preferred
Dominion
1
6-14
preferred
6-30
$1.75
(quar.)
Mines,
5%
5-11
1
5»/a%
Corp.-Seagrams, Ltd.—
Dominion
30c
Cleveland & Pittsburgh RR. Co.—
Plow
Distillers
Dobeckmun
6-25
$1.25
5-19
$1,75
Car
6-
6-30
$$1.25
25c
Motor
5-31
$20c
$1.75
(quar.)
5-19
6-20
(quar.)
6-
(quar.)...
Co.
1
6-15
ioc
6- 9
(quar.)
Co.
5-19
6-
22c
75c
.....
1
.......
50c
$1
......
preferred (quar.)
Divco Corporation
Dixie Cup, $2.50 class A (quar.)
7- 2
Co....
Co. (quar.)..
RR.
(quar.).
6-
$1.12Mi
(quar,)..
Investors
Gatineau Power, common
5% preferred (quar.)
:
of Ret.
Payable
40c
^Garrett Corporation
5-31
35c
37 lie
_
5%
$3.50
preferred (quar.)
Clayton & Lambert Manufacturing
Clearing Machine Corp. (quar.)
Cleveland Electric Illuminating, common
Class A
T
Common
$3.50
(quar.)
Fundamental
5-15
1
preferred
Holdere
When
Share
(quar.)_..__
common
7-10
—
Dictaphone Corp. 8%
5-31
30c
8
conv.
Co.,
25c
Dictaphone Corp.
8-10
$1.50
Brook
participating preferred
Diamond
5-15
15c
5%
Cockshutt
i
(quar.)
Alkali
35C
common
6-
Giorgio Fruit Corp., $3 partic. pfd. (s-a).
Diamond
Water Co. of Chattanooga—
Co.,
$1.12'/2
.......
(quar.).
Co.
5-15
25c
preferred
B
Oil
1
+
(quar.)-—
(quar.)
(quar.)
preferred
Devonian
6-
$1.25
$3 Class A < s-a)
Coca-Cola International
1
(N. Y.), common (quar.)..
$1.25
Auto Stamping (quar.)
:
City Ice & Fuel Co
City of New Castle Water, 6% pfd. (quar.).
City of Paris Dry Goods Co.—
7% 2nd preferred (s-a)
7% 2nd preferred (s-a)
Coca-Cola
8-
...
5%
$5c
1st
6-
4laVo
Trailer
25c
preferred (quar.)
& Raynolds Co., Inc., com. A
Common
5-19
6-
Bound
preferred
5%
Di
.City
5%
$1.75
50c
preferred (quar.)
Devoe
6
10-15
20c
Utilities
$4.50 preferred
6-
Fruehauf
Detroit-Michigan Stove Co.—
7
25c
&
preferred
7%
1
75c
Extra
Clark Equipment Co.,
7-
Detroit Gasket & Mfg. 6% pfd. quar.)
Detroit International Bridge (irreg.)
5-18
25c
5%
Controller
V/o
.
7%
Cincinnati Advertising Products.Cincinnati New Orl. & Texas Pac. Ry. Co.—
preferred (quar.)
5% preferred (quar.)
preferred
75c
Per
Name of Company
5-10
;;
Corp...
6-25
5%
5-31
1
1
35c
Quarterly
Deep Rock Oil Corp.—
Deere & Co., 7% preferred
75c
City
40c
.....
75c
Clark
6-
$1.75
25c
Citizens
$1.12la
preferred
Dayton Power & Light Co., 4'/a % pfd. (quar.)
Decker (Alfred) & Cohn (quar.)
'
■/ '.V'-', /'
of jRec.
Payable
6-15
__
Chestnut Hll RR. Co. (quar.)
Chicago Corp., $3 preferred (quar.)
preferred (quar.)
Cincinnati Street Ry
Circle Bar Knitting, Ltd.
Share
Press
2373
Holier»
When
Per
of Rec.
6-30
_
__—
prior lien preferred
Accumulated
,
Share
'
6-30
9
6-20
9-29
9-20
12-30
12-20
6-
1
5-19
7-
1
6-11
6-
1
5-11
6-
1
5-11
7-21
4-20
'
Monday, May 28, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2374
:
Registered
shares
The
dividends
above
t25c
(s-at—
incorrectly
were
5-17
Steel
Products,
$10c
$15C
6-
1
5-21
6-
1
5-21
6-
1
5-10
30c
6-
1
5-10
$4.30 original
20C
6-
1
5-10
Little Schuylkill
$1.25
7-
2
6-12
6-
9
6-
1
Loblaw
Groceterias
$1.62«/2
9-10
9-
1
Loblaw
Groceterias
1
5-
7
6-
$1
6-
1
fi-
1
4-30
Shares
Aviation
Insurance
Common
$0.0375
Ltd
7-31
6-30
6-15
—
$20c
preferred
6-15
7-16
6-20
9
5-29
Products
$1.75
International Utilities
Corp.,
5-15
6-
1
5-15
6-
1
5-17
37 lie
1
5-15
6-
1
35c
7-14
6-15
e
6-
25c
5-15
1
6-15
7-16
$75c
6-15
6-
1
Magazine
5-10
8-10
Quarterly
11-10
—
G%
5%
7-
3
5-31
2
6-15
Marven's
$2.50
7-
2
6-15
Masonite
Corp.,
4,/a%
preierred
Shirt
6-
6-20
25c
6
$1.06'A
8-
1
7-18
Master
75c
6-
8
5-26
Maui
50c
6-
9
6-
Maxson
6-
4
1
50c
7-
6
$1.25
7-
2
$1.25
7-
2
6-
20c
6-
9
5-29
15c
6-
5
5-23
Co.
Electric
$3.75
15c
6-15
6-
5
150
9-15
9-
5
Mclnt.vre
5
Mead
6- 1
1
12-
12-15
6-15
1
Corp.,
$5.50
6-
1
5-19
Meadville
6-
1
5-19
Mercantile
$6
6-
$2
C
5-19
1
5-
5-31
10c
8
(quar.)
Telephone,
6%
preferred
(s-ai—
(quar.)————
1
5-10
5%
1st
preferred
25c
6-
9
5-25
5%
1st
preferred
30c
6-15
5-31
Mercantile Stores Co.,
10c
6-15
20c
6-10
5-31
Merck
(quar,)————
25c
7-
6-10
4Va%
Kingston Products Corp.——;
——
Klein (D. Emil) & Co., Inc. (quar.)——.
10c
6-15
6-
1
5V4%
7-
6-21
T
(S.
ress
H.)
25c
——
&
Co.,
Inc.,
612%
Metal
preferred A
Thermite
&
25c
6-12
5-18
40c
6-11
5-19
50c
6-
1
5-11
! $1.50
7-
2
6-15
Meteor
8-
1
7-13
Meyer
7-
2 '•
6-23
$1.75
50c
V
7%
Co.,
Motor
2
5-17
:•<>.
$$1
6-
9
6-
%
20C
6-15
5-15
G'/o
30c
6-
1
5-15
6-
1
5-15
$$1.75
preferred
5-9
6-1
6-
1
5-
9
:
4
2
6-21
6-
1
5-18
6-
1
8-15
11-15
5-18
8-
11-
4
5
Quarterly
Quarterly
....
6%
7<7o
preferred
preferred
Lincoln Stores,
(quar.)..
—:
5-
1
5-
9
6-
1
5-
9
7-
2
6-15
10c
10-
1
9-15
7-
2
6-15
Inc.,
common
7preferred (quar.)—
8'/o
$2
preferred
1.
preferred
Midwest
8%
Noranda
,
6-
5
9-
6-
Oil
$4
preferred
9-
1
5
12-
1
6-
1
for
9-
5
9-
1
approval
12-
5
12-
1
North
6%
5-31
2
6-20
Northeastern
6-13
5-31
Northern
Natural
States
6-
5-15
5%
1
25c
8-
1
25c
6-15
5-
5
Brewery, Ltd.
preferred
Northwestern
(stock
Norwalk Tire &
Ohio
Ohio
40c
$10c
25c
7-14
6-
1
6-15
5-19
7-
6-18
2
6-11
5-26
Chemical
CO.
preferred
Power
Oil
(s-a)—
(s-a)
$4 preferred C (s-a)—-—
Montreal Cottons, Ltd., common
4',L>%
Water
Service
Co.,
5-19
2
$1.50
5-25
6%
preferred
Oshkosh
5-19
7%
preferred (quar.)—___——
,■
31'Ac
7-
1
6-15
15c
6-
9
5-25
6-
75c
G-
1
6-
1
75c
1
5-
1
5-10
5-10
Moore-McCormick
Lines,
(quar.)—
common
____
5-15
5%
5-15
6-15
B'Gosh, Inc.,
preferred
Old
common
Paramount
(quar.)__
(quar.
Morgan (J. P.) & Co. Incorporated—
Motor Finance Corp.
(quar.)
Motor Wheel Corp. (quar.)—
30c
25c
6-22
6-34
7-2
6-22
$2
6-15
25c
—
25c
62V*c
$2.50 conv. preferred
5-31
6-
1
5-19
30c
6-
9
5-22
lc
—_
6-
4
5-15
6-
1
Quarterly
——
8-
11-
1
1
6-12
7-26
Royal Hotel, Ltd. (initial)————
Mountain Fuel Supply Co. (irregular)
10-26
5-31
37 Vic
6-12
5-31
87 Vic
6-12
5-31
Mullins
30c
6-
1
5-23
6-
1
5-23
25c
7-15
6-15
5-14
6-11
Common
(special)
Common class B (special)-—________—
$7 preferred (quar.)
$7 preferred (quar.)——
$7 preferred (quar.)
class
A
—
25c
6-
1
5-12
25c
6-
1
5-12
$1.75
6-
1
5-12
$1.75
$1.75
9-
1
12-
1
,
8-11
11-10
2
6-
1
7-
2
6-
8
7-
2
6-
8
8-
1
7-21
1
'
7%
9
5-24
6-
1
5-15
6-25
6-
5-19
G-
1
5-19
$1.62V2
7-
2
6-20
7-
;
6-15
5-22
1
5-12
6-30
6-15
6-
f$1.50
7V2c
(quar.)
7-
3
5-28
f$1.75
6-
1
4-26
6-15
5-12
6-15
„
5-12
6-
25c
$1.12'/2
5-
1
4
40c
"
6-
5
6-20
6-
9
22Vie
;
6-15
4334C
(quar.)___
6-30
6-15
6-
1
6-
1
5-"l
8-15
$1.50
$3
Ltd.,
5-31
6-15
15c
J25c
common
7-16
+25c
$$1.75
8-15
7-16
common
10c
(quar.))
6-
1
5-19
37Vic
common
6-
1
5-19
5-23
6-20
' 20c
5-23
6-20
$150
1
f25c
10-
1
9-
fi5C
Ltd
7-
1
4-25
Power, Ltd.—
$$1.25
(accum.)
7-
1
4-25
$1.50
!. 6-
1
5-15
6-
1
5-15
______
$1
;
(initial
quar.)I™ 13
.
J31'Ac
_3
(quar.)____
7-
5-21
6- 1
,5-21
6-1
5-21
I
5-21
35c
: 25c
(accum.)
.
jf,
6-
(quar.)
(quar.)
$1.40
class
A
(quar.).
$1.40
class
A
(quar.)____
~~
.
V
6-1
5-23
6.a
5-31
1
5-19
6-
;
.
5-31
6-15
1
5-15
6-
6-14
1
1
6-15
10-1
9-15
50c
1-2-46
12-15
50c
^
—__333_33I3
___„_3,
333333"
A
6-15
'
f
15c
(quar.)
5-11
5-31
•
$1.50
Ford, Ltd. (quar.75c
Peninsular Telephone Co., common
(quar.)
50c
Common (quar.)
50c
class
8
6-1
&
$1.40
6-
6-29
37Vic
___3_
Common
6-14
2
50#
$$175
Peabody Coal Co., 6% preferred
Peck, Stow & Wilcox Co
6-15
3 7- 2
,
$$1.25
Inc.
4-1-46
7-
3-15
35c
.
8-15
8-
4
35c
11-15
11-
5
2-15-46
2-
5
30c
6-15
6-
1
75c
6-30
6-12
35C
Co.—
#$1.20 preferred class A (quar.)_____;
Penney (J. C.) Co. (quar.)
Pennsylvania Coal & Coke Corp
ElPctric,
2
6-11
87'/2c
15c
Patterson-Sargent Co. (quar.)___
Pennsylvania
9
6-11
quar.)
Electric Switch
6-
6-11
pfd. (quar.)
preferred <quar.)__
Penick
2
6-
1
common
Pictures
6-
G- 9
Parkersburg Rig & Reel Co., common
25c
$5.50 preferred
(quar.)$1 37Vi
Consolidated Gold Dredging, Ltd.
$l5c
Paton Manufacturing
Co., Ltd. com. (guar.)
±$l
Penn
Manufactured Corp.—
—
$1.75
*30c
6-22
$1.75
Common
Mount Diablo Oil Mining & Development Co.—
6-15
1
6-22
7- 2
Pato
5-10
5-31
4
2
7-
,
5-10
j5-10
5-15
5-18
6-
Parker Rust Proof Co., common
7 % preferred
(s-a______3
5-10
6-15
6-14
$1.50
(quar.)
Page-Hersey Tubes, Ltd.
5-21
6-15
6-14
-
Co., Ltd.—
Paper, $5 preferred
Pacific Lumber Co
5-28
t$l.75
5-26
1
pfd. (quar.)
7%
Oxford
5-24
$31 Vic
5-15
7-16
6-14
2
(quar.
preferred (quar.)
6-
5-15
7-16
1
7-
Common
6-15
6-15
5-15
1
7-2
(quar.)—
Ottawa Light Heat &
5-15
6-
1
$1.25
Co.___
preferred (quar.)
Ottawa Car & Aircraft,
5-31
t$l
6-
6-
37'/zc
G'/e
6-14
$2
(quar.)—
5-15
8-
$1.25
preferred
Otis Elevator Co.,
5-19
\
8
5-25
1
5-19
(initial)
preferred
Co.,
prior preference
$1.75
5-18
6-
6-
6-15
6-
50c
_I
Power Co.,
Ontario & Quebec Ry. (s-a)
Ontario Steel Products Co.,
,6-
5-12
25c
Okonite
$2.25
preferred A
$4.50 preferred B
5-12
1
6-30
(Wisconsin)—
Co
5-15
$2.23
$4.50
1
6-
$1
(quar.)__
5-15
6-
6-
25c
preferred
(quar.)___
Corp.
6-11
6-
5-12
$3.50
(s-a)
1
50c
1
$1
common
6-15
50c
(quar.)„_
common
5-18
6-
to
.
Monsanto
9
6-
(quar. i_
6-15
6-30
6-16
6-
5-15
Co.—
Scotia Light &
7-
6-11
6-27
5-16
2
6-11
(s-a)
Extra
■
1
2
5-14
1
7-
com.
preferred
Rubber Co.,
Pharmacol
7-
5
5
6-
6-15
Manufacturing Co. (initial)..!
Ogilvie Flour Mills Co., Ltd., common (quar.)
7% preferred (quar.)
6-11
7-
5-15
div.)—
(subject
preferred (quar.)
Northland Greyhound Lines, Inc.—
$6.50 preferred (quar.)
1
$25c
Monarch Machine Tool Co
6-
30c
7%
7-
6-
5-31
5-16
(quar.)
Elec.
&
prior
$4
Ohio Seamless Tube
8
5-19
6-15
$1.50
Northwestern Public Service, 6%
Ohio
9
1
9
(quar.)
(initial)
1
6-
5-15
1
6-
(quar.)________
1
6-
1
66-
7-
Co.
Leather,
$2.50 preferred
6-
12l/2C
I quar.)
of America.
6-
7
75c
Co.
5-
6-
5-31
$2.50
Co.—
5-24
$1
5-18
71 %c
Gas
1
6-
1
6"-ll
$$1
held
Power
8
1
6-
6-
$1.50
Co., 7%
Water,
6-15
(quar.)—
——$1.25
Co., Ltd——i—________
J$l
Carpet Mills, Inc.———
50c
Mojud Hosiery Co., common!
20c
5% preferred (quar.)
62%c
Molybdenum Corp.
RR.
Insurance
6-
(Robert)
Molson
1
River
6-
6-12
6- 5
6-21
5- 4
(quar.):
7-
6-20
preferred
5-21
5-28
preferred
North
6-
7-31
2
5-
(quar.).
North Pennsylvania RR.
6-
9-15
6-
preferred
North Carolina
6-
Mohawk
6-15
7-
of SEC)
6-20
6-
(quar.)
common
5-19
2
8-15
$1.27'/2
Gas
shares
6-20
25c
'
1
7-
1
(quar.)
common
common
Pacific
100
6-15*
25c
Co.,
1
Co..
of
each
2
$1.07
—_—_
6-
1
6-
(quar.)
2
6-
Utilities
B
7-
50c
common
5-28
1
(quar.)
7-
$1
5
50c
share
53/4%
l'/o
(quar.i
6-
69c
American
One
Reclaiming Co.—
preferred B
Mitchell
preferred
5
6-30
$1
6-15
6-
(quar.)
4c
(quar.)—
5-18
$1.75
Co.
Corp.,
A
50c
prior preferred
Minneapolis-Honeywell Regulator,
5%
1st
$6
5
6-11
7-21
6-
1
'
6-
1
1
6-15
$1.25
37'/2C
(s-a)
Miller & Hart $1
Missouri
Car
$2
—
(quar.)
Co., common
(s-a)—
Midwest Rubber
Ltd.
preferred
50c
—
8-
6-
50c
pfd
tquar.)___
Mines,
1st
12-
6-30
8*
5-21
50c
(irreg.)
Railway
American
North
1
6-15
8*
5-
Electric & Gas Corp.—
50c
preferred
10-
30c
—
;
5-
1
6-11
$1.42
(quar.i-
Co.
(quar.)_
Western
25c
Mount
(quar.)—
6-15
8
6-
50c
;
25c
:
(irregular)—
Corp.
(quar.)—
25c
—
—
2
Co.
Light Corp., 7'v
preferred
&
5-24
$2 preferred (accum.)
Products, common—
62'Ac
37Vic
(quar.).—
(quar.)
7-
5.10%
Norfolk
8
5-21
50c
common (quar.)—
5-15
6-
Montreal Loan & Mortgage
(quar.)..
Lincoln Service Corp.,
5-15
1
25c
5-31
1
—
...|.—
1
6-
6-15
4V4preferred C (quar.)
4% preferred D (quar.)—
1
.
———
6-
2
4%
6-
_——.
(quar.)—
Lincoln National Life Insurance Co
5-18
7-
6-11
10c
conv. preferred
(quar.).—.——...
Casualty Insurance (Tenn.) (quar.).
Lily-Tulip Cup Corp.
8
preferred
$1.75
5-20
62 Vic
common
C-
$5
6-15
Corp.,
6-
$1.22
New York State
2
5-23
Liberty Aircraft Products Corp.—
Liggett & Myers Tobacco,
Class B (quar.)
1
7-
______
3
6-
(quar.)
Life Savers Corp.
5-
2
7-14
5-15
$1.25
Oak
7-
25c
Salt Company
(quar.)
—
Levy brothers Co., Ltd
—
„
Libby-Owens-Ford Glass—_
&
1
1
&
(quar.)
Nu-Enamel
6-15
$20c
Leslie
$1.25
6-
6-
6-
1
6-11
York & Queens Elec. Light & Power Co.—
Common
6-15
6-14
$1
Lv.dgh Coal & Navigation (interim)
„
Lr' 'ah Portlend Cement Co., 4% preferred.
Common (quar.)
——
I,eighton Industries, Inc., 75c class A—.—
Life
6-12
Dock—
Dry
&
(quar.)_i
preferred
$6
New
..
.
6-15
5-14
$25c
Co., common.—i—
(quar.)...
8-30
11-28
2
5-14
6-
$1.12V2
"i4.5p preferred (quar.)———
Co., Inc.
8-31
2
$1
—
Monotype Machine Co.———.
LauraiSecord Candy Shops (quar.)——
Le Tourneau (R. G.), Inc., com. (quar.)—
(H. D.)
v
5-29
5-31
11-30
Brake
Air
7-
25c
—-
—
<ouar.)..__—
Power
7-
1
$1
preferred
Central RR.
York
$1.50
$1.50
__
(quar.)—
5-28
25C
;;
I^nston
7.50
York
New
$1.50
com. (quar.)
preferred series 1940 (quar,)—
6% junior preferred (quar.)
7%
preferred (quar.)—
Michigan Seamless Tube——
Michigan Steel Tube Products
25C
Lee
York
New
5-21
G%
(quar.)
—
———
L"ue Bryant, Inc., common (quar.)_...—
"om'jnon
—
New
5-15
1
5-15
(quar.)——
5c
—
5-15
1
1
10c
—
2
6-
6-
25c
—.
1
Shipbuilding
6-
25c
——
8-
50c
Corp
6-
Norwich
—
6-15
$3.50
$1,50
37'Ac
40c
r 7
—
Nova
!-_—
"a 62
.:
preferred
$5 convertible preferred
$1.183A
preferred (quar.)
Michigan Public Service Co.,
7-
$2.50
News
Common
5-18
5-21
Vic
Common
Newport
5-19
1
5-19
Steel
&
5-19
1
1
Midland
Le«th
9
6-
1
6-
(quar.i
66-
6-
pfd. (quar.)—
5-31
50c
—
Mining Corp
6-
6-15
Ltd.
Electric
5-12
20c
common———.——
Sons,
Newport
2
Oil
&
Newmont
5-15
'
:
common-
__—_—
5-15
6-
Packing, 6 V2 %
6-15
$1.25
60c
—
(s-a)
1
25c
$1.62'/2
6%
1
Co.,
6-10
5-19
—
8
5-11*
$1
6-
1
——
8
6-
5-31
25c
25c
—_______
6-
(quar.)
11-
$1.75
$1.25
(quar.)__„
(quar.)_
Cordage
preferred
10c
Car
(H. H.)
preferred
England Telephone & Telegraph Co
5-19
—
(quar.)—
5-15
2
1
Midland
A.)
6
7-
6-
Mid-Continent Petroleum
Co.
6-
Bedford
Bl'/ic
4-30
(John
New
preferred (quar.)——
5-15
Lang
5-11
5-19
4%%
$1.25
J.-n-Htj Bleachery & Dye Works
1
(quar.)
New Jersey Zinc Co
6-
8-10
1
-40c
$1.50
(J. J.) Co., 5% preferred A (quar.)
(quar.)
—
1
Participating
1
6-14
15c
—
Corp
(Herman)
6-
6-
I"ne-Wells
5-24
7'/o
9
5-10
25c
$1.25
15c
25c
Common
10c
6-11
Soecial
6-20
Inc.
Bros.,
—
$5c
...
5-24
35c
;
——
common
$3.25 participating
6-
common——.
common
Newberry
9
$1.75
(quar.)
common
preferred (quar.)
Metal Textile Corp.,
20c
$30e
Co.,
Nelson
6-10
6-
$1
912-
1
Michigan Consolidated Gas Co.—
(quar.)
(quar.)
Machine
5-31
6-15
$1.62,/a
(quar.)___—
10c
Extra
6-15
25c
$1.12V2
$1.31 (4
Mergenthaler Linotype Co.—
Merritt-Chapman & Scott Corp.—
5-19
7% preferred (quar.)
St..
L-»1*ey .Foundry <fc Machine (irreg.)—...—.
Lnmaque Gold Mines, Ltd (interim)..——
Landia
Neioner
50c
(quar.i
——
5-15
:—
$2.56 preferred (quar.)—
Lemston (M'. H.) Inc. (quar.)
5-25
preferred (quar.)
Co., 5%
Northern
Co.
5-31
(quar.)—.——
Lake of the Woods Milling Co., Ltd.—
Lamson & Sessions Co.,
—
(quar.)
common
preferred (quar.)—
preferred (quar.):
5-30
preferred
Common
5-19
&
5c
1'fo 2nd preferred (quar.i——Kuppenheimer (B.i & Co., Inc. (s-a)——
1 aclede-Christy Clay Products
1 *'ke St. Johns Power & Pap,. Ltd. (initial)
I ake Shore Mines, Ltd. (quar.)
5%
Inc., common
1
v.
preferred (s-a)
preferred
6%
Power,
6-15
25c
25c
50c
*
50c
:—
Superior District Power,
1
6-
5-30
-——-—
Kroger Grocery & Baking Co., common (quar.)
1st preferred (quar.)——
—
1 eke
2
6-12
10c
.
(quar.)—
(quar.)
5-
6-
13%c
5%
Neiman-Marcus
30c
30c
30c
25c
(quar.)
(quar.)__
Merchants b Miners Transport'n
2
25c
Rubber,—,—.—.
(quar.)
Company
Nebraska
New
8
$1.75
Corp
(quar.)—
Co. (reduced i_
Co.
5-25
7 '/o
6-
'
$1.12'/2
Machinery—
Rubber
5-26
$6
(quar.)
preferred
preferred
G-
(s-a)
5-26
6-21
5-15
15c
(irreg.)
Co
9
$1.50
—
5%
$1.13
—
Participating ———
——rKern County Land Co
—
—
Keystone Steel & Wire Co._;
_——
Kildun Mining Corp. '(liquidating)
King-Seeley Corp., common———._—_
1
9
6-
Acceptance Corp. of California—
preferred
common
6-
62'/2c
(quar.i—______
(quar.)__
B
preferred A
6%
Mines
1st
-
.
6-18
35c
(quar.i
Service
Linen
6-15
43%c
43%c
43%c
20c
JSSVfcc
15c
$1.371/2
common
preferred
$3
7-
—
-—
Porcupine
$3
——
Co.,
Nashville, Tenn.
National
1
35c
preferred
May McEwan Kaiser Co.
(s-a)
—
6-
42V2C
93%c
May Department Stores Co., com. (initial)—
(initial quar.)
(Increased)
McClatchy Newspapers, 7% pfd. (quar.)
7%
preferred (quar.)
7io preferred (quar.)——
McGraw-Hill Publishing Co
.
ts-ai——
Creamery
6-15
30c
(quar.)
Co
Co
preferred
Extra
12-22
2
10c
Co.
L.)
6%
I'oering Company
Kresge (S. S.) Co.
1-2-46
35c
(quar.)__
Agricultural
(W.
(quar.)
common
5%
B.)
9-21
7-
9-20
12-20
2c
Corp.
Electric
&
Gas
Class B
preferred
5'/c
5-25
(I.
1
6-15
6-28
12-28
$1.06
Quarterly
National
5%
t$1.25
25c
$1.12V2
(final)—
(initial quar.)_
registered
Ltd.,
5-10
Kleinert
10-
Gypsum Co., $4.50 pfd. (quar.)—
National Lead Co.. l'/c pfd. A (quar.)——
National Life & Accident Insurance Co., v;
35c
20c
$0.265625
(quar.)—
1
Knudsen
6-21
Marconi Internat'l Marine Commun. Co., Ltd.
7-
15c
preferred
National
2
25c
15c
—
1
convertible
1
5-31
7-
25c
Co. (quar.)—-—.
C.) Company (quar.)—————
6-
5%
5-
6-15
'I2V2C
—■
$1.50
—
(quar.)
6-13
25c
$1.25
—_
Manhattan
12 Vic
A
National
Transit
5-31
(I.)
(R.
Gas, com. (quar.)
Gulf Ry. Co.—
partic. pfd.
1
National
—
6-
$6
6-
1
—
$1.25
Co.
6-15
4V4'/o
common——_
Razor,
$1.50
Kendall
National
6-
3
(quar.i————
preierrea
2
6-28
(quar.)—
Company
8
6-
i4c
Magma Copper Co...
Magnavox
Cylinder Gas Co., common (quar.)
preferred (quar.)
Dairy Products (ouar.)—
Electric Welding Machine—
8
6-
;—
Ltd
Mines,
(quar.)
6-
Tea
Garden Corp
Gold
(Del.)
Container Corp.
7-
.
1
25c
25c
50c
20c
20c
(quar.)
6-15
'
5-15
$1.75
(quar.)—
A
Class
National
7-
Kellogg Switchboard & Supply (irreg.)—
b %
National
6-
1
15c
15c
30c
(quar.)
City Lines, Inc., common (quar.)__
National
5-15
Mallory (P. R.) & Co., common
4l/4% preferred
Natural
preferred
fi'i- nnn-owm.
7-
6-15
6-
I5c
(quar.)
(quar.)
preferred (quar.)
National Casualty (Detroit)
5-28
5-31
(quar.)
b
National
5-15
$1
7%
4
I
$81'Ac
common
National
3
—
preferred A
preferred B
5-17
5-18
Co.,
Biscuit
5-10
7-
Manufacturing Co. (quar.i————
Sugar Plantation
!
Vegetable Parchment Co.—
Common
(quar.)
—
6%
6-
6-11
6%
5-31
Magnin
5-28
Kalamazoo
6%
5-
National
.
t3c
t25c
25c
;
Mahon
Kahuku
Kansas-Oklahoma
5-12
6-
6-30
$3
—,
— .
5-31
Joy
Common
6-
6%
5-21
6-20
Radiator
4-27
&,Lttmson Machine (quar.)
Jones & Laughlin Steel Corp., com.
(quar.i,
5% preferred class A (quar.i———
57o preferred class B (quar.)————
Kansas-Nebraska
12-22
5-21
6-
•—-
5-31
National
5-31
———
—
1-2-46
1
Louis Ry——
convertible preferred
convertible preferred
convertible preierred
6'io
5-17
3
Jones
(quar.)
9-21
6-15
3
Tea
Common
1
6-
1
25c
—
(auar.)
Chattanooga & St.
Paper & Type,
7-
-
Co., Inc., common (quar.)——_
4Vile preferred (quar.i
Johns-Manville Corp. (increased)-!—
10-
5-21
Automotive Fibres. Inc.—
National
National
Paper
Repeating
Ordinary
preferred (quar.)
preferred class A (s-ai_
Jewel
&
Lake
Red
preferred
$5
preferred
5-
6-22
2
xiy4%
—
.__
1st
Nashville
1
2
5-
Xl'/4%
(quar.i,————
(quar.)
Telephone Corp.—
GVa'.'c
1*
67-
6-15
xl%%
—-
1
6-
*25c
1*
10c
$1.62y2
(s-a)—
x$1.75
(quar.)—
1*
1*
25c
VtC
7-
.
preferred A (quar.)——
55-
1
9-28
88c
(s-a)_
17c
$3c
.
com. (quar.)
preference B
Power
6-
1
preference C
Macassa Mines, Ltd.
Madsen
1
5-
1
$1.62V2
Consolidated
M
1
1
preference D
&
M
1
30c
1
6-
5-21
6-
$150
—
10c
(quar.)
6-
9-
5%
preferred
6-15
12-
5%
6'/a%
Lynchburg & Abingdon Telegraph Co.
Lyon Metal Products (quar.)
6-15
30c
7%
*
(quar.)
$1.80
30c
Jamestown
preferred
Madison Square
$2.10
G'/o
6-
$1.62V2
8xk%
6-
Quarterly
7%
(accum.)
A common
$1.95
preferred arrear ctfs. (accum.)
ttl/2%
preierred arrear ctfs. (accum.)
7% .preferred arrear ctfs. (accum.)—i.—
Iron Fireman Mfg. Co. (quar.)
—
6%
I ;lvnci Mountain Mines Co., Ltd
Jamaica Public Service Co., Ltd.,
—
Co
preferred (quar.)
—:
Ludlow Manufacturing & Sales (quar.)
Louisiana Land & Exploration (quar.)_
Louisville & Nashville RR., new (initial)—
Louisville Title Mortgage Co. <s-a)——-—
Lunkenheimer Co., 6V2V0 preferred (quar.)—
Maclaren
Co.—
Utilities
(monthly)
Gas
Star
&
6%
•
5-15
10c
$1.50
25c
$1.75
$1.50
—
$4 Class
J
8
1
1
$150
(quar.)
:
(quar.)
(quar.)
Nachman Corp. (irregular)--!
Nanaimo-Duncan Utilities, Ltd.—
preierred
preferred
preferred
6%
6-
6-
12c
(quar.)
Long-Bell Lumber Co. (Mo.)
Lord & Taylor, 6%
1st preferred (auar.)
Lorillard (P.) Co., common-
M
Ltd.—
5-25
-16
7-
Long Bell Lumber Co. (Md.)—
6-23
6-30
—
9
6%
$2
$2
$2
$1
$1
preferred (quar.)
(monthly)
Common
5-15
$1
(resumed)
6-
25c
common——
(quar.)
preferred
5-15
1
$1
Department Stores (quar.)_.
Natural Gas Co., Inc
conv.
1
6-
25c
Air b Engineering
6%
6-
$50c
•
Interstate
Imva Southern
5-31
$50c
(quar.)—;
lutertype Corp. (quar.)
Investment Foundation,
5
5-25
6-
Company, common
__________
preferred (quar.)___-—
———
Mutual Chemical Co. of America-...
7-14
9
15c
preferred
Lone
Muskogee
1
6-
6-
6-
50c
35c
$1.50
„
"
8-
tl2VnC
7'b
Interstate
Interstate
5-
1
6-30
t40c
Corp._
International Silver Co.
6-
Ltd.—
shares' (s-a)
Registered
International
30c
(s-a)__!—
shares
Bearer
6-
$1.50
Ltd.—
International Nickel Co. of Canada,
Petroleum Co.,
.
8%
5-22
6-11
International; Harvester (quar.)———
IntT Business Machines Corp. (quar.)—.—
International- Cigar Machinery (quar.)
international Harvester, 7%
pfd. (quar.) —
International
(quar.).
Pipe Co., 8% preferred (quar.)—
8%
6-15
7-15
65c
(quar.)——
7-15
$37l/2c
(guar.)
5-15
5-15
6-15
Co.—
Muskegon Motor Specialties
$2 class A (quar.)—
t25c
(quar.)
(quar.)——
Common
Powders, Ltd.—
6%, participating
B
Lock Joint
6-30
t75c
Shares
Group
International Bronze
Inc.
Co.
Co., Ltd., CI. A
Extra
—————-—
Baking,
Inter-City
Class
1
4-27
6-15
15c
preferred B
(G. C.) Co. (quar.)—
$4
of Hec.
5-28
25c
$2
$1
*1
Murphy
5
5-14
6-
75c
20c
Extra
5-15
50c
Steel 'Co.__————————
Institutional Securities, Ltd.—
6■
tl2'/2c
$1.62'/a
$1.50
5-11
1
Holier$
$3c
.
5-31
50c
$1.10
capital
Navigation RR. & Coal Co.—
6-15
6-21
50c
20c
25c
$1.12/2
Semi-annual
5-
2
6-
$1;P
(auar.)__
Liquid Carbonic Corp., common (.quar.)
4Va% preferred A (quar.)
Little Miami RR. Co., special gtd. (quar.)—
12'/2c
6 Vi%
preferred (accum.)
Ingersoll-Rand Co.
——
(quar.)..—
Inc
Co.,
5
1
7-
When.
Payable
Share
.1
■
Ltd, (interim)—
Mountain Producers Corp. (s-a)
Muncie Water Works, 8% preferred (quar.)_.
Munson Line, Inc., $4 preferred A_
5-10
6-
50c
$1.62/2
(quar.)
common
J37'/2c
common-,-
6% conv. preferred (quar.)—
—'—
Indianapolis Water, class A (quar.)—
5% preferred A (quar.)-,.Industrial Silica Corp., 6'/2% pfd. (accum.)-
Inland
Co.,
Match
Lion
Imperial Varnish & Color, common (quar.)_
$1.50 cony, partic. preferred (quar.)
Indiana
Belt
Per
.
Name of Company
of Rec.
6-11
Lionel Corp.
5-15
6-30
When,
Payable
Mountain Mines Co.,
preferred (quar.)
Lexington Water, 7io preferred
—•—
—
Link
'
.
6Vi%
re¬
ported in previous issues as a 50c payment.
Imperial Tobacco Co. of Canada, Ltd.-rInterim
6>/2 'h
5-17
J25c
(s-a)~
shares
'
(C. W.) & Co., Ltd.—
preferred
(accum.)
Lindsay
Imperial Oil, Ltd.—
Bearer
Name of Company
of Rec.
Payable
Share
Name of Company
Holders
Per
Share
HolAert
When
Per
4.40%
50c
pfd. B (quar.V
$1.10
Pennsylvania Salt Manufacturing Co. (irreg.)
40c
5-28
6-
1
6-15
5-11
*
5-
1
5-31
Number 4389
Volume 161
THE COMMERCIAL & FINANCIAL CHRONICLE
Per
■>
-•
Name of Company
Pennsylvania State Water, 7% pfd. (quar.).
peoples Gas Light & Coke Co. tquar.)
Peoples Water & Gas Co. $6 pfd. (quar.}__
Perkins Machine & Gear, 7 %
permutit Company
pet Milk Co., common (quar.
41/4'A 1st preferred tquar.)
pfd.
(quar.)
_
Scytes
8
5-24
6-
1
5-19
6-
9
6-1
6-
1
5-11*
7
6-
1
5-
6-
1
6-
1
__
4
5-17
Simonds
preferred
Prudential
Investing
Electric
Public
7%
5 %
Service
(quar.)—
preferred
&
$5
prior preference
Co.,
$5
(7juar.)_
common
pfd. (quar.)—
preferred (quar.)—A—
_
___:—
(quar.)
Pyrene Manufacturing
Co
Quaker Oats Co., 6% preferred
(quar.)_
Quaker State Oil Refining Corp. (quar.)_„_
Rand's (Pittsburgh), common (quar.)
—
8'A
preferred
(quar.)
(quar.)
Rapid Electrotype Co. common
Common (quar.)
Raybestos-Manhattan, Inc.
_
—
Raytheon Mfg. Co., 6% preferred (quar.)__
Reading Co., 4% 1st preferred (quar.)
Real Silk Hosiery Mills-, 7% pfd.
(accum.) _
(quar.)
Rand, Inc.* common
preferred (quar.)
Remington
$4.50
Reo
Motors, Inc
Republic
—
—_
Corp
Aviation
A'.
—
pfd. A
pfd. B
6%
Republic
Steel
Corp.,
common
6%
preferred
6%
'
prior preferred A
(quar.)
Copper & Brass, Inc.—
Revere
v
(quar.)
5V*% preferred (quar.)
Reynolds. Spring Co.—
<
Rheem
Manufacturing Co.,
common (quar.)_
rRice-Stix Dry Goods
7%
1st preferred
Co.—
(quar.)
(quar.)—
1st
preferred (quar.)
2nd preferred (quar.)
—
1%
•
7%
,
;
.River Raisin Paper Co
,Robertshaw Thermost, preferred (quar.)
.Rochester Gas & Elec., 6% pfd. D (quar.)_
5%
,
preferred E
(quar.)
.Rockwood & Co., common—
5%
prior preferred
5%
preferred
(quar.)
5%
.
preferred
.—
.
class A
Rohr
Aircraft
(quar.)_
Corp.
——
4V2%
Rolland
preferred
(s-a)
—
6% pfd. (quar.)——
Roxy Theatre, Inc. $1.50 pfd. (quar.)
Russell-Miller Milling 4 y2% pfd. (s-a)
Rustless
St.
St.
St.
Paper Co., Ltd.,
Iron
&
Joseph Lead
Louis
Rocky
Mountain
$$1.50
7-20
6-30
2
6-11
Solar
Aircraft
15c
6-15
5-31
1
5-18
Solar
Manufacturing
1
6%
55c
5-21
.
5-22
6-
-
v
San
Southeastern
1
5-15
Southern
1
5-15
$2
Francisco Remedial Loan
Semi-annual
6-
Seattle
Gas
Co.
Co.
$5
4%
particfpatJng
(R. B.),
Inc,
&
Paper
1
1
5-31
5-15
6-1
5-13
6-
5-
6-15
5-20
2c
6-15
6-2
Assn.
6-15
6-
1
5-14
6-
1
•7-
2
preference
(quar.)
-y: ■
preferred
7-16
6-20
Pacific
6-15
5-31
31V4C
6-12
6-
75c
6-18
5-28"
75c
Co._____
6-15
5-15
(guar*)
$1.25
6-15
5-15
(quar.)_—
$1.25
9-15
8-15
United
10c
5-25
5-10
7-11
5-15
U. S. Hoffman Machinery
4-30
1
5-25
$1.37 Va
6-1
5-22
$1.37 V2
6-
1
5-22
45c
6-
9
5-19
1
5-15
Spear & Co., $5.50 1st preferred (quar.)
6-
1
5-15
6-15
6-15
5-15
$4.25 preferred B
V1
'
6-30
5-31
6-30
$1.12 Va
6-12
5-31
$1.25
8-
1
common
Standard
Brands,
Inc.,
6-
common—
2
6-
1
5-15
Standard
Oil
Co.
5-31
8
Standard
Oil
5-31
5-
66-
$1.25
7-14
6-30
7-14
6-30
1
5-1.0
"
—_
5-28
Standard Stoker Co
5-15
Standard Wholesale Phosphate &
6-14
5-24
Irregular
6-15
69-
12-
6-15
2
5%
8-
1
11-
1
5%
1
Sterling Drug.
1
Inc.
$1.25
6-15
9-29
9-15
$1.25
12-29
12-15
//• A:, 75c'
(quar.)
(s-a)—
Stix
5-18
Stokely Van
7-
6-
2
Baer &
8
pfd. (quar.)
Stonega, Colce & Coal Co. (quar.)—
Storkline
2
6-
8
6-25
6-
5
6-15
6-
4
—:
1
7-16
8-
1
7-16
Stuart
7-
2
6-11
(D.
2
6-11
Sun
7-
2
6-11
Sunray
4»/2 r/c
6-30
G-15
6-15
Corp.,
conv.
Superior Tool
5-23
v
5-31
5-17
5-31
5-17
1
5-10
(quar.)__
Swift
6-15
1
7-
1
10-
1
9-15
10-
1
9-l»
6-
1
6-
*>
preferred
(quar.I
1
5-15
Class
1
5-15
5%
6-
2
5-18
7-
2
6-15
7-
2
6-15
7-
2
6-15
6-11
5-19
1
5-12
6-
7-
1
6-25
6-
1
5-15
6-
1
5-15
7-
1
6-25
6-
1
9
5-11
(James)
(quar.u
Inc., common
6-
1
5-15*
6-
1
5-15*
Sulphur
Gulf
Pacific
6-15
12-31
Coal
5-15
&
preferred
Thomson
1
5-
1
6-11
6-
1
Water
$4.50
Chemical
Co.
Oil
6-
1
Common
—
—
77c
7%
preferred
preferred
Welding
——■—
common
$1.75
6-
7
5-11
1
5-25
6-15
25c
6-15
5-25
25C
6-
1
5-11
6-
1
5-11
62 VaC
8-
1
62 VaC
11-
1
10-22
—
Co.
Motor
pfd. (quar.)__
$6
6-
1
5-28
6-
1
5-14
20c
6f
common
-
preferred <s-a)_
—
Juice Co., conunon__—
preferred (quar.)
Wellington Fire Insurance Co..
Wcllman Engineering Co.————
6%
Welch Grape
4 Va
%
7-
2
Wentworth
Wesson
$4
West
35c
6-15
50c
6-
5
5-25
5-18
5
7-30
7-20
6-
7
5-28
7-
2
6-21
62 VaC
1-2-46
12-22
$1.25
6-15
6-
1
50c
G-
1
5-19
$1.37'/a
6-
1
5-19
5-31
5-23
0-
8
5-24
40c
6-
1
5-16
750
6-
2
5-18
$1
6-
1
$1.75
9-10
9-
1
$1.75
12-10
12-
1
$1.75
50c
C- 9
1
6-
5-15
5-21
$1
6-1
$1.25
6-20
62 VaC
6-21
37V»c
8-
1
15c
6-
1
$1.50
5-31
6-
:
8
7-16
5-15
1
6-20
'
,
6- 0
9-10
•
5-15
5-15
^
,
5-11
6-15
6-15
$1.75
7-
$1.75
10-
5-11
2
1
6-15
'
9-15
'
$1.75
1-2-46
50c
6-15
12-15
75c
6-30
75c
6-
1
20c
6-
1"'
6-1'
'
$9
5-31
5-
;
8
6-15
5-15
5-15*
5-18
5-15
'
6. I'M
5-15
$1.50
0-15
5-25
"•
6-
1
7-
2
50c
7-
1
6-15
$1.50
7-
1
6-15
6-
9
25c
$1.06 V4
■5-19
'
i
5-31
f$1.75
8-15
5-15
8-11
80c
Inc.—
(quar.)
B
cum.
ir
5-16
G-
1
5-16
5-31
5-19
.
preferred
t5c
6-
partic.
(quar.)——
$20C
6% pfd. (quar.)_
37 Vac
'
'*»
Corp.,
Corp. (s-a)——.—
—__A—_—_——
1
•5-21
6-
1
5-21
6-
1
5-19
50c
6-12
6-
2
75c
6-12
6-
2
RR. Co.—
West Jersey & Seashore
special guaranteed
(s-a)—.—
Virginia Pulp & Paper
Western Auto Supply Co. (quar.)
6-
1
5-15
6-14
6-
20C
7-
2
6-15
25c
6-
1
5-17
—
4
}50c
—
6-15
5-19
25c
Corp., Ltd
Westinghouse Air Brake Co.—
$1.50
25c
Virginia Coal & Coke—
Steel Products
J
Ltd.—
*
preferred
5-15
1
6-
(s-a)
West Coast Telephone Co.,
Western
6-
$1
Canadian Hydro-Electric
Extra
10c
12 VaC
Manufacturing Co.__
West
5-25
6-
6-15
Oil & Snowdrift Co.,
convertible
Class
West
6-15
5-10
5c
5-10
1
$1.12 Va
1
6-
1
25c
(quar.)—
West Indies Sugar
$2.50
$2
5-15
1
6-
6-12
6-
$2.50
5%
7-21
10c
(quar )
_________
5-28
-
Bearing Co
(Initial 1
Corp.
Wayne Knitting Mills
6-
25c
50c
—_—
Washington Railway & Electric Co., common
6%
(quar.)
—---
Baking Co., $7 preferred (accum.i—_
(Northam) Co., $3 preferred (quar.)
6-15
25C
——- —
(quar.)_____
—
2
6-29
$1.50
62 %c
t$l
(quar.)
7-
25c
(irregular)
__—
Mills
Waukesha
6-15
5-22
t25c
(quar.)______
(quar.)
6-15
$5c
pfd. (quar.)
—
preferred (quar.)__—
Waltham Watch, 7% preferred
6-18
4-30
5-26
1
6-
50o
$1
2
1
2
6-11
10c
—
1
6-
7-
7-16
40c
"SI
(quar.)
7-
1
5-11
$1.25
5-10
Petroleum
8
9
62 Vac
(S. D.) Co.___
8
6-
6-15
Warren
6-
5-21
$1
6-12
Warren
6-
5-21
$2
/A-':
6-11
$1
8-15
6-
6-15
2
6-11.
40c
11-15
3
7-
50c
Walgreen Co., common (quar.) ______
4% preferred (quar.)
—__
Walker (H.) Gooderham & Worts, Ltd.—
1
3
62 'AC
5-31
7-10
1
6-11
1
6-15
6-11
9-
7-
50c
$20c
12-
7-
6'
/25o;
Warren
10c
6-15
6-26
(quar.)__—_____
Amulet Mines,
Ward
$20c
11-30*
1
7-
(quar.)
Ltd.
7%
5-15
$62VaC
12-20
10-10
68 %c
)V
40c
5-18
10-20
4-28
A
8-31 •
$1.75
1
6-16
5-31*
9-20
9-20
3
6-16
6-15
1
6-20
7-20
7-
,
2
6-
$1.75
6-
6-30
7-
$1.50
preferred
preferred
Wamsutta
6-30
6-15
(quar.)_____——
7%
5-15
35c
—
Roofing Co., common
convertible preferred
Roller
__
Virginia Coal & Iron Co. (quar.)_—__
Virginia Electric & Power Co. $5 pfd. (quar.)
Virginian Railway (quar.) _________—.
6%
preferred (quar.)
Vogt Manufacturing Corp._________
Vulcan Detinning Co., common
Common _____—,_AA——
1
50c
(s-a)
Associated Oil,
preferred
(quar.)
(quar.)__
(quar.)_________
8-
(quar.)
$1.40
Timken
Vick
6-
$1.25
(quar.)
(s-a)
Electric
pfd.
pfd.
Van Raalte Co., Inc.__—
——A
Vanadium-Alloys Steel
Vapor Car Heating Co., Inc.—
7% preferred (quar.)
7% preferred (quar,)
77c preferred (quar.)——
7-2
Thermatomic Carbon Co.—
Tilo
6-
5-15
10c
Tide
5-10
1
5-15
1
5-28
50C
(quar.)
10c
Incorporated, $2.50 pr. pref. (quar.)
prior preference (quar.)
12-15
6-11
6-
1
6-
8-10
7
7-2
50C
(quar.)
preferred (s-ai
Washington Water Power,
.
$5
6-30
6-
50c
*———
7%
Water Works,
Texas
Co.
Works
Iron
50c
Telephone Bond & Share Co.—•
77c
1st preferred (accum.)___
Tennessee Corp.
Textron
Dorn
$3c
5-25
1
A 5-18
9-15
6-
40c
prior preferred (quar.)_—,
Corp.—
$5.50 priority stock
(accum.)
Valley Mould & Iron Corp., common—
$5.50 prior preference (quar.)
Valspar Corp., $4 preferred (accum.)_______
50C
(quar.)
(quar.)
,
G-
5-19
1'
5-28
10C
A
Texas
6-
6-
30c
Haute
57c
Products
50c
preferred (quar.)•
—
Tamblyn (G.) Ltd., common (quar.)
Preferred
(quar.)___
______________
Telautograph Corp.__
Teck-Hughes Gold Mines, Ltd.-——
5-15
5-19
5-1U
40c.
(Salt Lake City)
Insurance
40c
5'/*'!»
Terre
Fire
50c
preferred
Talcott
•V
6-15
37 VaC
A-":..
Tacony-Palmyra Bridge, common
6-
5-25
6-
5c
Sylvanite Gold Mines, Ltd.
6-
?-5*17
10C
Die Co
&
1
6-15
45c
Syracuse Transit Corp., common
5-15
5-12
1
25C
Common
6-15
6-
$20c
(quar.)—
Common
5
6-20
i
6-
$1.62 Va
common
pieferred (quar.)
& Company
(quar.)
International Co., Ltd.
7-
5-15
$1.50
2nd
Swift
1
12V2c
Swan-Fincn Oil Corp.. 6% pfd. (quar.)
4fo
6-
12 VaC
'
7-10
6-22
Oil Co., Ltd.—
participating preferred
Co.
(quar.)
Oil
2
5-25
1
1
'5-18
:
6-15
25c
5%
Waite
A
Oil
7-
A.)
5-
1
7-
.
6-
1
6-
50c
.
prior preferred (quar.)
Stromberg-Carlson Co., 6ya% pfd.
1
6-
2
6- 9
25c
'•
6%
Class
5-
$1
—-----
——
1
—
(quar.)
Corp.
Furniture
Extra
Strawbridge & Clothier—
5-15*
25c
:*-xV-
Fuller Co
Camp, Inc. 5%
1
6-
25C
5-31
7-
6-
25c
6-20
6-15
.
6-30
$1.25
Corp.
Stewart-Warner
1
6-29
6-15
6-1
6-14
$1
—
50c
5-15
Utilities Equities
Van
preferred (quar.)
preferred (quar.)
preferred (quar.)
5%
5-
1
6-
'
Stecher-Traung Lithograph Corp.—
I
7-
50c
Acid Works-
22VaC
—___________
Radio
$1.06 V*
preferred (quar.)
4V4% preferred (quar.)
6-15
(quar.)
Knitting Co.. common.
prior preferred (quar.)
5-31
9-
2
75c
(quar.)
$2.50
Utah
6-15
6-20
50c
prior
6%
Utica
25c
1
Paper
Laboratories,
5-15
5-15
5-15
7-10
Co., common
1st preferred--——
5-10
5-31
6-23
$1.75
6-11
6-15
6-16
6-23
2 % %
(irreg.)
6-15
5-15
6-12
7-
Wall
Utah-Home
6-12
6-15
7-2
$2.50 A
Corp., common__
U. S. Sugar, $5 preferred (quar.)
6.4% preferred A <quar.)-
5-18
25C
—
7- 2
15%
(final)
Steel
1
6-12
(s-a)
5%
1
States
6-
.:
5-15
50c
—____
common
Upson Company
50C
(New Jersey)
9-15
6-
non-cumulative
5-15
50C
Standard Oil Co. of Ohio, new com. (initial)-
1
Rubber
6-1
75c
1
6-15
States
40C
1
6-15
United
United
25c
1
.
40c
(quar.)
6-15
6-
(quar.)
Universal Insurance Co.
Standard Oil Co.
1
Foundry
5-15
(Indiana) (quar.)
Standard Oil Co. of Kentucky (quar.)
5-31
6-
California
of
2
50c
Printing & Lithograph Cc.—
//'^/.Common
6 7c
conv.
preferred——
Universal
Co.
7-
U. S.
8%
1
5-15
53c
—
_______
6-
.
6-15
1
U. S. Playing Card Co. (quar.)
U. S. Potash ,Co.A_-'____-__AA—
United
5-25
6-15
$1.12 Va'
conv.
6-15
■
5-15
6-
_________
Quarterly
■
5-24
>
5
6-15
30C
____
preferred (quar.)
Standard Dredging $1.60 pfd. (quar.)
$1.60
Pipe &
6-10
6-20
Cap & Seal Corp.—
7-
6-15
4
$1.25
(quar.)—
$4.50 preferred
Standard
8
6-15
6-
35C
—
36V4C
6-
'
7-16
-
Standard Accident Insurance Co. (Detroit—
6-20
2
7-16
1
8-
S.
Quarterly
'
Quarterly
7-16
1
5-28
$1.06 V*
(A. E.) Manufacturing,
preferred (quar.)
$5
6-
6-15
50c
—
(quar.)_,
Staley
5-15
6-15
(quar.)—_______
Squibb (E. R.) & Sons (common (quar.) —
$5 preferred A (quar.) __________________
5-15
7-16
preferred
Spencer Kellogg & Sons., Inc. (quar.)_
Spiegel, Inc., $4.50 preferred (quar.)
1
5-15
6-15
2nd
$5.50
U.
1
7-2
(interim)
Co.
1
6-
6-
53c
40c
States Freight
5-21
$2
5-15
non-cumulative class A
7-13
^
5-24
5-31
58 Vac
& Canal Co.
Jersey RR.
6-
Investors
6-9
58 Vac
(ord, reg.)
10C
Spartan Mills
5-17
25c
$1.25
25c
Sovereign
9
25C
(quar.)
35c
Southwestern Life Insur. Co. (Dallas)
•
6-15
6-
4%
5-18
6-
Manufacturers—
&
(quar.)
Co.—__—
Gas
1
'
(quar.)
United Public Utilities Corp., $3 pfd. (accum.)
U. S. Casualty, 45c conv. preferred (s-a) —
4% non-cumulative class A__—
1
5-18
6-
v
(monthly)
(monthly)
United States Gypsum Co.,
77c preferred (quar.)
Union
(Del.)—
5-15
1
$1.25
/
New
preferred
non-cumulative
5-15
6-15
United
preferred
non-cumulative
Southern
1
6-29
preferred
5-15
-
6-
——
United Molasses Co., Ltd,
$1.25
(quar.)______________
5%
(initial)
Merchants
5 7c
5-21
40c
Bonus
(accum.)___
Co.
$2.50
l5c
7-20
$$1.50
(quar.)
6-
$1.75
$1.75
'. $1.75
$1/75
7 2C
$1.75
$1.50
$1.25
20c
—-
8-15
Power Co.—
2
$1.31 V»
25c
25c
$10c
preferred
7-
7-
(quar.).—
$20c
1
6-
25c
__________
...
prior preferred (monthly)
prior preferred (monthly)
6 7c
prior preferred (monthly)
67r prior preferred (monthly)
Co., Ltd.—
5-21
5-31
6.36 7c
United
(quar.)_
partic.
(quar,)
prior preferred
5-15
3-15
5-31
Southwestern Public Service, common (quar.)
■
6-
$1.25
(accum.)
1
5%
6-15
5-25
75c
6-
Southern Railway Co.__
5-15
75c
31V4C
Power
6-
8-
—-
(quar.)___
Canada
pieferred
1
1
6-15
I50C
Americay comv (quar.) A
prior preferred
5-15
Gas
5-15
•
6-15
75c
1
6-
J50C
6.367c
(quar.)
preferred
preferred
27^c
_________
6-
Ltd., Class A-—
Corp.,
7%
Co.—
6-
Southern
6-30
;___
(quar.)
25c
(quar.)
com.
6-15
;____—-
Amusement
7Vo
37 VaC
Southern Natural
6-15
(s-a)—
Water
$1.25
(quar.).
Products, Inc.
preferred
conv.
$1
(reduced)
common
preferred
Aircraft
Common
Edison—
(quar.)
California
conv.
(quar.)
Corp.,
Light & Railways Co.
37 VaC
7%
6-15
5-10
preferred
Aircraft
United
5-19
6%
6-15
1
United
5-31
Southern Colorado
1
6-
5-19
5-31
Common
5-18
,
0-1O
$1.12 >/2
common
5-31
$1.50
5%
5
1
*
Elastic Corp. (quar.)
;
Electric Coal Cos.______-______~____
$1.75
Southern
5-18
1
5-31
7-
57o
(quar.)
6%
5-22
6-11
6-15
50c
Rope
Lines,
United Biscuit Co. of
(quar.)
California
6-11
6-11
25c
Fund
Class B
preferred
preferred* B
6-20
(quar.)__
Air
United
50c
6-11
6-20
Inc.,
Wire
5M>%
Inc.—
Co.,
6-11
1
6-20
6-20
United
5-15
35c
L
(quar.)
6-
8-
1
preferred
Southern
6-20
Second Canadian International Investment Co.—
Selmer
Bag
6-12
6-
50c
Inc., com.__
1_.
10c
57c
30C
(quar.)
6-20 ^
17c
24c
—
"C"
Bond
4Va7c
8-15
15c:
13%c
(quar.)
7c
,____—
"A"
Fund
"B"-.
United
5-19
6%
6-20
1
8-
(quar.)
preferred
preferred
Southern
1
25c
$1.25
25c
$1.25
50c
50c
$1.75
$2
$1.25
$1.75
50c
55
....
&
:
quar.)
common
5-15
18c
United
Greyhound Lines,
Advance
1
7%
''
6-15
—
(irregular)
preferred __:
Sears, Roebuck
Co.
1
6-
Union
Corp.—
preferred A
conv.
Pulp
5-15
,
Co
(increased
cum.
Soundvlew
52
South Bend Lathe Works
1
5-15
Common
5%
>
Corp
9
9
Union. Bond Fund
"
Broadway Bldg. Co. partic. ctfs
O.)
4
,•
(quar.)
Paper Mills, common
2
Pacific Co.—
&
Co.
(quar.)—_
Funds, Inc.—
(quar.>
1
$l.ou
preferred (quar.)
Car
preferred
1
15c.
50e
6-1
Tank
Union Trusteed
5-18*
7-
Co.__
Joseph Water, 6'A
1
6-
1
6-
(quar.)
Steel
6-
50c
1
5-21
1
6-
6-15
6-30
1
$2.25
+$1.50
37y2c
30c
Union
6-
6-15
15c
t50c
7-30
6-
tot'
Oil Co., Ltd. (s-a)—
Russell-Miller Milling Co.—
6-14
$25c
r-.
.Royalite
6-30
(Howard)
6-
$1.25
25c
+50C
6-19
50c
1
La Salle Street Corp.
Smith
7-14
—
(quar.).
(quar,)
5-
";7- 2
;
5-21
-
7%. 2nd preferred
■7
5-31
50C
(quar.)
6-15
15c
15c
25c
$1.50
$1.50
(quar.)
(quar.)—,—_
5-31
5-19
6-
50c
quar.)__
/; 6- 4
6-30
6-15
(increased)
pfd. (initial
5-29
6-15
6-30 r
preferred
United
4y2%
5-31
6-11
30c
208 South
♦
Ltd.,
6-15
506
50c
Co.
$1.75
8-10
,
37^c
6-30
•
5-31
25c
7-28
1
5-26
11-10
(s-a)__
$30c
1
>
11-15
tquar.)
$1.50
Union
Republic Investors Fund—
6%
6
5-19
8-15
Twin City Fire Insurance Co. (Minnap.) (S-a)
6-
6-
30c
$1.12Va
37 VaC
25c
6-
5-19
25c
5-21
5-15
6-19
prior preferred A
9
5-19
1
Underwood Corporation
Union Sugar Co. (quar.)___
5-25
1
7-16
(quar.)
$1.25
Regent Knitting Mills, Ltd.—
$1.60 non-cum. preferred (quar.)—
t40c
$1.60 non-cum. preferred (quar.)
i40c
$1.60 non-cum. preferred
(quar.)
$40c
Reliance Electric & Engineering Co._
25c
Reliance Grain Co. Ltd., 6V2% pfd. (accum.) $$1.62r/2
Reliance Insurance Co. (Phila.,*Pa.) (s-a)—
30c
5%
5-21
6-
5-31
6-11
7-16
$15
1
1
6-
6-
6-15
37>/2C
37VaC
37'/2c
7y2c
50c
6-
6-30
$1
6-
1
5-23
$1.50
$25c
50c
6-
$1.25
$1.50
40c
20c
$1.50
25c
2'/aC
10c
7
(quar.)
25c
25c
A
preferred
(A.
50c
(quar.)
6-
Twentieth Century-Fox Film Corp.—
3' Common
6-
$1.25
J66c
;
7-
■:
1
$1.37 Vi
Association
6-
,
6-
(quar.)
common
Sixth &
50c
50c
58Vhc
58VaC
com.
Coal,
Smith
6-
———
Purity Bakeries Corp.
Co.
G'/a'i
5-25
6-15
22c
Truer
5-25
.
6-
(irreg.)
6%
1
:'■/
^
8
5-15
6-11
;
___
preferred
Truax
6-
5-14
$1.50
*
;
5%
7-10
3
5-25
$5c
$1.25
6c
(accum.)
(quar.)___„_
common
5-15
1
7-
25c
41%c
41%c
pfd.
_.
Inc.
Oil
Pure
1
8-
6-15
58V3c
25c
5%
Puget Sound Power & Light Co.—
Pullman.
6-
115c
20c
1
50c
$1.25
(interim)
6-
Co
Quarterly
Troy & Greenbush RR.
B
Steel
&
1
6-
Oil
Universal Insurance Co.
Singer Mfg„ Co., Ltd. (ordinary reg.) (final)
Slvyer Steel Castings Co
9-15
1
5-15
«
Gas
(quar.)
Trinity
5-
70c
(quar.).__
Service Else,
7%
Transwestern
5-23
50c
Quarterly
5-23
1
(quar.)
(monthly)
Public
5-17
6-28
1
Corp.—
Fund
$2
20c
(quar.).
8%
6-15
J2c
6-
Fund_:
25c
$5 preferred (quar.)
6% ' preferred (monthly).
preferred
10c
■
Forging
Stock
6-1
.
$$1.50
$75c
_
of New Jersey,
preferred
preferred
6-
Steel
Stock
1
(quar.)
7%
6-21
41 %c
50c
Williams
25C
$1.25
1
&
Common
6-
;
6%
com.
Southern California Plastic Co.
__—
6%
(monthly)
of Indiana,
Public Service Corp.
Transue
Bond
6-
Inc
Co.
preferred
5-15
1
Preferred
$1.50
(monthly)
preferred
Public
6-
131 V^c
_.
Union
10-
10c
preferred (monthly)
5 % preferred (monthly)
6% preferred (monthly)
6% preferred (monthly)
preferred
5-31
6%
5%
7%
6-15
Union
of Colorado—
Public Service Co.
6-15
5-12
_____
________________
Union
6-28
(quar.)l
Corp
7-1
preferred
preferred
1
5-15
(quar.)_____—__
Light Co.
$1.12 Va
$1.12y2
(monthly)
Toronto Elevators, Ltd., sy4% pfd. (quar.)__
Trane Co., $6 preferred (quar.)
5-21
1
(monthly)
5-21
1
5Vr preferred..!
Procter & Gamble Co.,
77c
pfd.
(monthly)
5-15*
75c
Mines
East Dome
Preston
5-10
of Rec.
6-
______
5'A
6-
6-
^—
America,
1
Edison Co.,
6-11
$1.37V2
Insurance (N. Y.)
of
6-
Holders
5-31
15c
6-15
25c
(quar.)_
Metals
Pressed
67c
25c
When
Payable
UV2C
(s-a)
J$1.75
(Canada),
class
Saw
.Simpson's
Co.—
common
9-20
50c
Simmons
2
5-15
37'/2c
of Canada, Ltd.—
preferred (quar.)
non-cura. partic. preferred
Food Company (quar.)_„
Co.,
9-30
Toledo
Co.
6-15
7-
1
6-15
______
Accident
$1.25
Brewing
25c
6-
Corp.
Prentice-Hall
6-20
(quar.)
(quar.)
Common
-
Preferred
6-30
Tivoli
1 $1.12 V2
7-16
20c
1st
6%
$1.25
Signodc Steel Strapping, new ctm. (initial).
Silknit, Ltd., 5% preferred (interim)
5-17
$25c
__________
6-
Class B
^
30c
Power
A
1
Loui.s____l._____
Insurance Corp. o£ St.
6-15
Gordon
Class
•
$1.50
25c
$2
$1.25
75c
$1.37 Va
preferred (initial quar.)
(Frank G.) Co. (Increased)
Corp.,
Title
Share
25c
5'A
preferred
1
Per
Name of Company
25c
(quar.)
Shepard-Niles Crane & Hoist Corp. (quar.)
Sicks Breweries, Ltd. (quar.)
Sigma Mines, Ltd. (interim)
Signal Oil & Gas, class A
5-31
6-30
5-15
Manufacturing Corp.
Serrick
5-26
$1
.
7%
1
6-
of Delaware
,Sherwin-Williams
5-11*
10-
6-
$19c
(quar.)
Mines, Ltd._.
Sherwin-Williams Co., 5A pfd. AAA (quar.)_
Deposit receipts (quar.)
5-15
6-1
Co.,
Sherritt,
5-21
10-22
Co.
of Rec.
(quar.)_.
&
Shelter
:
1
-'
Co.
Shattuck
4
$1.75
Company
Pratt
•
6-10
6-
15c
(interim)
preferred (quar.)
preferred (quar.)
6%
.
2
6-
Potash Cq. of America.
$3
Schiff
7-
30c
(quar.)
Plymouth Oil Co. (quar.)
Poor & Co.. class B_____
.$1.50,class A pref. (quar.)
Power
6-10
30c
<s-a)__'
Development, Ltd.
6%
2
■
Pittsburgh Steel.5'/a'A prior pfd. (accum.)
Pittsburgh Youngstown .& Ashtabula—
Potter
7-
75c
Electric
6-10
25c
50c
$5c
Pittsburgh Plate Glass
5 Ma %
6-22
7- 2
50c
(quar.)
Pittsburgh & Lake Erie RR. (reduced)__
Pittsburgh Coke & Chemical $5 pfd. (quar.)_
Potomac
6-30
20c
$1.50
Pittsburgh Forgings Co.
Placer
5-21
6-
is-ai.
Yr...7%'.preferred
1.
Seaboard Oil
Payable
(initial)
Seagrave Corp., 5% preferred (quar.)______
5%
preferred (quar.)
Servel, Inc., common_____________^__„___u_
$4.50 preferred (quar.)
$1
___________—:
preferred
5-18
$1.50
preferred (quar.
Aircraft Corp., 60c conv. pfd. (quar.)
Pittsburgh Bessemer & Like Erie RR. Co.—
8'A
6-
1
<
5-23
$4
,
6-
6-21
/
8
Piper
Common
7-14
When
Share
Name of Company
Scythes & Co., Ltd.
6-
;
Packing Co.__
Phillips Petroleum Co. (quar.)__
Pickle Crow Gold Mines (interim)
Pillsbury Mills Co.—
Common (increased quar.)
Phillips
—i
5-11
1
Holders
Per
of Rec.
6-
$1.06V4
$1.06 U
50c
$1.50
20c
40c
2nd preferred tquar.)—;
;
Peter Paul, Inc. tquar.)
Pfaudler Co. 6 % preferred (quar.)
Pfizer (Charles) & Co., new common
Phelps-Dodge Corp.
Philadelphia Germantown & Norrlstown
RR. Co. (quar.)
A___
Philadelphia Suburban Transports Co. tquar.)
Philadelphia Suburban Water Co. common..
6 % preferred I quar.
Philadelphia Transportation Co.—
Participating preferred (s-a)__
Holderi
Payable
SI.75
$1
$1.50
$1.75
15c
25c
41/4 %
Extra
When
Share
2375
6-15
5-15
Name of Company
Holder*
When
Per
v,L;
l
of Rec.
Payable
Share
,
both
payable
Pacific
RR.,
(quar.)--—-.
common
Common
(quar.)
Common
(quar.)___
75c
75c
75c
.——
,
8-15
•
8- 1
11-15
11-1
2-15-46 2- 1
1
8-15
8- 1
11-15
11- 1
2-15-46 2- 1
5-29
5- 8
5-29
5- 8
6-11
5-29
6- 1
5-15
5%
preferred A (quar.)
.—
$1.25
preferred A (quar.)—$1.25
5%'preferred A (quar.)
1
$1.25
Westinghouse Electric & Mfg., common,—
$1
7%
participating preferred-^.
i—
$1
Weston Electrical Instrument Corp. (reduced)
40c
5%
Weston
(George), Ltd. 4Va%
Chlorine
WestVaco
(quar.)— $$1.12 Ya
pfd.
Products Corp.
—
(s-a) —
6-15
7- 2
6-1
Manufacturing
Co.
Williamsport Water, $6 preferred
Willson Products (quar.),
6- 1
6-11
7-2
6-30
12-30
8- 1
8- 1
11-
75c
$1.50
20c
Wilsil, Ltd. (quar.)
—
t25c
Winnipeg Eleccric Co. 5% non-cum. pfd
> *$2.50
5% nori-cum preferred
$$2.50
Winsted Hosiery Co., common (quar.)
$1.50
Extra
i..,*—-———a-v '
$1
—
—
$1-50
Common
Extra
$1
_,
Wisconsin
Bankshares
Corp.
(s-a)
Wisconsin Electric Power Co., common......
IIV2C
4% % preferred (quar.)—.
——$l,l83/4
6# .preferred (quar.)—————
1
6-1
6- 1
$1.50
$f nrioi* preference (accum.),
Industries, Inc
WoOlVorth
6%
6- 1
(P.
pref.
W.)
6-15
6-
25c
$1.75
reg.
(s-a)
(P. W.) Co.
WoOlworth
—
6- 6
6- 1
4V2 %
(quar.)
prior preferred
conv.
Wrigley
3%
(quar.)——
prior' preferred
(Wm.), Jr., Co.,
40c
(quar.)
—
Cab
(Consol.)
Co.
6-
Total
There
were
stockholders
3 Mos. End. March 31—
eral
to
6-
1
incl.
(not
a
20c
5-19
a
share,
2,898,333
3,126,832
,
Feb.
8,659
$1,017,603
$862,742
77,218
153,535
'
with
of
Amortization
—
debt
'
discount
funded
on
Federal taxes
(Thomas) Nurseries..———
Young ;(L, A.) Spring & Wire (quar.)
50c
25c
15c
6- 2
6-15
5-25
6- 1
Net
6-2.9
6-18
*1944
25c
6-15
6-
50c
6-15
5-19
been
$1.37,/a
7-1
6-9
certain
Young
Youngstown Steel
Car Corp
Youngstown Steel Door Co.
,—
(quar.)
Youngstown Sheet & Tube Co.,
5'/2% preferred (quar.)
common
—
#eigler Coal & Coke Co.
6-11
25c
.
6-
1,000
30%
Jamaica
♦Transfer books
1
income
Union
1
.
revised
made
ments
income tax.
not
closed
t
reflect
to
Cost of
dividend.
Bag
Paper
&
Corp.—Earnings—
resident
-
in
15%;
tax,
—
Canadian
■
funds,
resident
■
■■
Gross
tax deductible at the source.
Non¬
7%.
a Less British
income tax.
tax,
profit
Delivery,
General
Corporation and
(trade,
funds
liability
payrolls
and
miscellaneous),
$2,141,339;
Federal
for
taxes
income
on
and
(Railway
Period End. Mar. 31—
Total 'oper. rev.——
$1,832,381
rev...
$371,762
206,383
income..
$165,379
4,022
taxes
oper.
Total non-oper. inc.....
Total
Total
\
■
;
income..
gross
$3,036,645
1,714,203
$1,322,442
comb,
net
loss
♦Profit.—V.
161,
p.
3,306
33,289
27,898
$154,389
$1,355,731
1,541,591
.'/ 1,580,116
$18,779
$185,860
Vy.
;
following
*$326,582
to
be
set
by
Superior
information
Coach
purchased will be used for manufacturing
Thompson Products, Inc., Detroit, Mich.
The
equal
purchase
the
to
price
value
the
of
Superior Coach Corp.
2.000
and
shares
cash
value
in
•on
(.the
March
New
amount
York
inventory,
to
equal
(no
and
the
New
to
in
plus
payable
name
of
by
the
delivery
for
not
more
of
Stock
$156,144,
Exchange
prior
equalSto
Pursuant
value
of
to
be
the
not
less
plus
an
to
the
the
Iowa
closing
of
than
$156,144,
plus
to
y
amount
'. --v...'-
National
registrar
Bank
for
the
4%
the
share
the
amortization
Revenue
amounted
1943.—V.
in
$479,500
Missouri
SEC
system.
amended
The
the
outstanding
shares
City
cumulative
y /
5%
of
on
of
on
on
May
sion
Union
Iowa
Union
and
a
will
companies
be
the
new
25
cents
declared
an
4%
cumulative
per
share
on
of
New
preferred
York
stock,
has
by
Union
Union
will
into
the
only
and
certain
current
for
461,000
shares
?
v
no
par
stock,
value
for
for
the
Union
Iowa
basis
par
34
has
Illinois
be
nine
Union
the
of
and
the
the
and
converted
shares
into
of
$100.
common
and
stock,
fiscal
and
an
issue
promissory notes
1945.
The notes will
28,
of
the
North
the
This
the
The
directors
stock
Union
will
net
the
net
income
bear
declared
a
P.
2153.
Preferred
interest
Co.—V.
and
at
161,
dividend
of
of
for
the
Oil
Co. of
Cash
of
divs.
Nov.
30
and
California
on
interest
purchases
on
(&
\
——_
of
$1
per
hand
of
excess
and
1944
profits tax
108,952
1
82,021
67.611
$33,894,560 $30,002,824 $22,725 177
25,903,453
23,246 786
17,853^446
$6,756,038
war—
400,000
700,000
475,000
$1,780,294
$1,525,563
$1,275 930
$0.38
$0.33
$0.27
—
sh. on 4,666,270 shS—
sum
provided
for
the taxes which will become payable
provision
for excess
30,
U.
1044
$8,246,322;
accounts
Government
S.
post¬
(includes bonds of
expenses and deferred charges,
total,
$107,962;
i1 ^reuM..L?'ccrued*
$16>880;
royalties
accrued, .,$16,911;
other
5y2% preferred ^-stock ($20 par value),
^''ued liabilities, $18,085;
comi"on
st°ck
($1
par
value), $257,999; paid-in surplus,
$601,645; earned surplus,
$1,884,084; total, $13,746,203.—V. 158, p. 778.
United Air Lines, Inc.
(&
Quarter Ended March 31—
Subs.)—Earnings—
..,1 \
7;
1945
fjnpr
Oper. Pvnc aInvrtr.
exps. and taxes
taxes)
,
:
(exclfof inc~
j—
1944
1943
$7,235,615
'
7
$5,769,355
6,665,037
Operating revenues——-
5,487,546
3,990.892
$2,727,556
$1,748,069
50,732
104,014
$2,778,288
1,135,000
$1,852,083
742,000
$9,392,593
.
~
*
per
common
°J. the
$1,643,288
share
$1,110,083
$1.02
states
that
the
$0.66
busiest
comPany was reported for the
three
first
$1,778
1§6
$1,96'
78'
$1,1
•<
quart
e
quart
passe
hvPihpidn?»nPAtterson.Points
out that reduced air mail rates pro
Board, if placed in effect, will reduce
thp
mo!i Aeronautles
the
:
ciin
pap
hoc
w
!
thai
cr>H
iLl?riin^
post-war
$1,666,649
and will r
other airlines r
is opposing the proposed reduction
ton-mile rate to
,
seiwfrP Lina f,^C
and
to
United, along with three
*^low-cause order,
nrpipn)
32 cents
per
ton-mile.
un an. «nswer filed with the CAB tha
? United warrants at least the existing
might force the airlines to increase pos
/heSS ra !' ,th"s drying the public benefits of
l^1
recent 10% fare reduction, required to stin
traffic
revenu^no^nap^1'66-! mo"th*
in
fFr^t
thP
ove
gain
of
miles
.
for
m
1
a
of this year, United flew.•114,0:
a gain of 25^ over the 90,995,471
theU3,,7nro?« '?44; 5'500'844
39?
° a year ago:
lain £ ^ year s 907.502-
161, p
f
°ver the
2269
m»" ton-miles for
a «"
1'199.278 express ton-mi
and 8,349.021 revenue
6,062,330 of 1944's, first quar
fpr
urofits taxes
n^f1^ #S°rP'"~^ET? Would Alter Plan—Approves
$6—6
Delaware Power Stock if Cash Is
creased to
Power
of
151
the
to
&°Shtfcr?'! Plan to exchange two
?55 Ihlrpc J
^°n Ft°ck* together
u
SEC
$6.
uroviriinff
C
'
shares of. the Del:
with $5 in cash for
Preference stock
tho
included in
was approved May
the "package" is inci
income
on
was
taxes is adequate
earnings to March 31
renuired
in
1^43
1944, and it is not anticipated that any will be required for 1945
and
"
•
:
months
Sf.31;, Figures showed substantial gains over the first
cargo traffic movement of essential civilian and
military
500.000
profit——
No
Nov.
deposits,
$4,871,731
3,120,801
the
Sheet,
$2,009,902;
obso¬
$1,750,930
that
$2.17
post-war refund of $415,248
of renegotiation settlement.
payable, $3,900,000; accounts payable, $559,493;
dividends
payable,
$72,352; 7 accrued salaries and wages,7 $471,052;
accrued Federal income
and excess profits
taxes, and provision for
renegotiation of war contracts,
$5,159,853; other taxes accrued, $216,-
tariffs
1943
4,030.475
believed
to
demand
inventories,
386 990
effect
—
—
'
$2,725,563
Is
§Net
31,416
,
$3.34
Liabilities—Notes
conumnv
vear
5,810,813
cover
1945.
1943.
31,408
322,502
•
„
tAfter giving credit
$348,012 in
on
§633,863
$590,520
$90,341), $504,497;
property, plant, and equipment (after reserves for
depreciation and
amortization of
$1,146,299), $775,327; patents (unamortized portion of
This
$2,180,294
per
588,000
$893,536
—
Consolidated Balance
Earnings
the
on
1——
*Estimated income taxes
less
(after
share——
Sfr fr?mJ S3-120-838
share
equipment, etc.——
Contingencies from
6,901
105,382
3,132,111
j
$2,096,539;
refund
war
in
Subs.)—Earnings
$7,991,107
of
934,217
-
3,737,228
——
P
1471,
p.
:
investments
replacement
contracts,
;
common
/
y
$33,785,608 $29,920,803 $22,657 566
and
income
for
83,627
134,618
dividends
per
and
V.
to
war
profits taxes
exc.
refund)
provision for Federal
Income -taxes^,
of
$9,000,000 to mature
lVa%,
Company is a
1945
income
Provision
Net
of
*1943
> 976,394
—
S,AnS. Jad^u®ted1944
48',;
Net
of
post-war
—
Exchange Commis¬
:
products and services-
discounts
fiscal
etc. $25,035,413 $20,906,664
18,622,010
15,453,670
taxes—
Ofh/i°rfr,inCOme,(net)—
ta^fs)-—-——
income
require
the
Illinois Union
•/v;
3 Months Ended March 31—
Sales
income
dividends
noccpnp'pr
Union
has
refund
amount
common
stock, payable June 15 to holders of record June 1
with $1.50 each paid on June 15 and Dec. 15, last
compares
161.
have
discts.,
Othei
461,000
^Vrc---
Securities
in the amount of
American
re¬
been
agreement
for
the
in
have
year
1944.
Net earnings from
operations (be-
outstanding
common
Illinois
common.
*.'
petitioned
settle¬
other
.
approximately 1,107,000 additional share1*
company
common
V.
Federal
income
nimrfpr
par
cents
30,
allowances,
renegotiation
United Aircraft Corp.—Dividend Reduced—
*It
of
the
:
Union
Iowa
of
assets
Union, transferring to the
liabilities.
The assets will consist
will
of
cor¬
completion,
from
allowing
providing
contracts
refund
of
such
postwar purposes. '
1943
„
reduction
Earnings
Missouri
with
merge
of
and
i'j/fono53' prepaid
of
Union
as
exchange
in
with
common,;
on
Balance
dividend
Nov.
Patt?rs°n> President,
to
Dec.
.
initial
this
as
of
the
of
by
or
——————
of
merger
a
Iowa
of
Missouri
part
are
■.
..V-'..
preferred
of
and
discharge the indebted¬
Board
Government
production
goods sold
deducting
161,
elimination
Missouri
of
been
$100
;•
cumulative
preferred
the
Prov.
vy
the
Electric Co.
merger
leaving
State
merge
Union
shares
subsidiary
Preferred Stock—
21
of
Approves
..
plan
remaining assets and
properties located in the State of Missouri
of
Total
•
directors
dividend
under
rates
system.
Illinois,
Iowa
Total expenseof
■
Initial Dividend
a
and
stock.
Iowa
stock
Net prof,
per
tax
special
To Issue Notes—
so
stock
have, been called for redemption on June 18. next, at $107 per share
and dividends.
Payment-will be made at The National
City Bank of
Cleveland. 613 Euclid Avenue, Cleveland, Ohio
The
of
its
four
lete
of
1944
company
the
inventory.
Calls 5% Preferred Stock—
AU
of
in
to
Union
The
Exchange
an
for
effective
available
to
agreement,
the
for
As
York
amount
termination
cancellation
used
New
became
the
become
credit
was
agreement
Nil
to
Chase
appointed
$0.33
to
the
Missouri
will
Union
issuance
shares
' L
value,
1,503
and
Co.
of
Co.
located
of
Illinois
than
shares
more
the
of
maximum
sufficient
be
agreement.
credit
year
revolving credit of $6,000,-
the
by
be
loan
Co.
General, administrative, and service expensesIncome
charges, net
(for
1944, comprehends
charges for interest of $85,002)—
*$188,074
in
common
Registrar for Preferred Stock—
The
83,421
$423,236
the
all
of
the
above-mentioned agreement,
Thompson Products,
certificates for 1,960 shares of its common stock (no
Superior Coach Corp. on March 14, 1945, and the price of
the shares was determined to be $51
per share.
Thompson Products, Inc., has credited its stated capital account
with the entire proceeds of this sale of
1,960 shares at $99,960.
4
Co.
holding
into
common
for
Products, Inc.,
amount equal to
or
Trust
agreement
to
or
ab^ve
war
ended
Assets—Cash
effect
liabilities,
shares
parpdo
'
in
$8.30
fiscal
VT
a
tExcess.profits taxes-—-—
108,955
effect
$516,508
American
Electric
certain
of
Incy) delivered
"*•
former
latter
Thompson
agreement
the
1945,
Electric
North
so
Products, Inc., in the meeting thereof
held 'on March 8, 1945, passed a resolution declaring the fair value
to that corporation of the
property purchased by it under the abovementioned
in
Mississippi
1945.
directors
Cost
Common
overall
latter's
Thompson
the market
price of
the last record sale of 100
with
result
a
year
Provision
120,000
1,091,700
$538,637
depreciation
worth
or
1944
VT
into
Upon
corporation
from
less returns
amount
an
&
1945
either
to
of the
maximum
a
12,
should
the
the
into
As
stock.
less
by
property
the plant
$156,144
its
par)
The
purposes
was
in
certificates
inventory,
14.
property
stock
determined
as
on
of
common
an
the
of
delivered
The
of
the
of
Corp,
Sales,
«
properties
16, 1945, company entered into an agreement with Superior
Coach Corp., Lima, Ohio, to purchase from it on March
14, 1945, cer¬
tain tools, dies,
jigs, fixtures, machinery, patents and inventory of
articles covered by said
patents.
The agreement was amended on
Mai;ch 8, J945, to postpone the date of transfer of title to the inven¬
tory and the payment therefor from March 14, 1945, puntil a later
hereafter
123,000
1,657,000
—
the holding company system of Missouri Union with
securities.
program,
certain phases of which have already been
consummated, Mississippi River Power will reduce its common capital
by $4,800,000 by changing the par value of its 160,000 shares of com-,
mon
from $100 to $70 per share.
The capital surplus so created,
together with a capital surplus created by a contribution of Missouri
Union, will provide the capital surplus to enable Mississippi River to
comply with orders of the Federal Power Commission;
•
Mississippi River will transfer all its physical properties, except
Feb.
date
393,313
$0.42
give
to
for
Missouri's
of
the
and
the
Bank
by the Navy Frice Adjustment
profits
fiscal
publicly-held
$1,906,697
173,168
Net
$2,712,166,
Consolidated Income Account for Years Ended
in
company
Thompson Products, Inc.—Recent Acquisition—
On
318.927
share-.,
common
Union
the
1922.
The company has submitted
York Stock Exchange;.
351,298
1812.
Under
$1,270
~
■$206,742
taxes——
tAdjusted
p.
Union
y
(ry. and bus)—
$2,037,284
charges-
Mississippi River Power and
1,697,204
n ;
Total
$2,778,890
1942.
$554,112
of
$1,878,799
;
47,229
—
per
to
Co.
$3,576,004
208,793
-
38,221
————————
Note—Provision
The
$151,083
$169,401
170,671
deductions.......
1945—9 Mos.—1944
$359,676
$159,513
The SEC has approved an
amended plan designed to enable the
Mississippi River Power Co. to comply with the Public Utility Holding
Company Act and to simplify the corporate structure of Union Electric
$1,678,500 $15,396,062 $14,463,030
1,318,624
12,359,416
10,887.026
1,460,619
*
earlier.
from
the
over
$4,800,000.
corporation
of
entered
receivable,
Operations)
1945—Month—1944
Total oper. exps—
Total
Bus
$1,999,063
60,942
———
income
the
$5,23
ended Nov. 30, 1943 has been adjusted to $590,520.
The cor¬
poration has made provision for renegotiation of war contracts after
adjustment of excess profits taxes in the net amount of $588,000 for
Amended Plan—
Corp.—Earnings—
and
year
close
entered
This
.-
available
under
profits
1,501,369
—:
income
Act of
re¬
,
Third Avenue Transit
The
to
then
the
of
sources
1946.
March
contracts
incurred
Net
•
V Total
1,353,216
exps.
profits taxes (net)
excess
*Deficit.
$905,444; earned surplus. $1,534,806; total, $15,469,448.—V. 160, p. 2654.
yO' '■* 1:
y•
,•.•••
net oper.
1,461,089
for
or
$1,660,882
$2,717,948
other
and
Earnings
ac¬
renegotiation
such
related
Net
(after
Total
gen.
income
Federal
deducting $3,623,466 U. S. Treasury Notes—tax series
(purchased and held for tax payments), $984,901; reserve for general
contingencies, $968,059; capital stock (250 shares without par value),
'
and
Federal normal income
(payable to Defense Plant Corp.), $1,095,616; accrued taxes
than Federal taxes on income)
and sundry items, $639,283;
(other
adm.
income-.
Interest
rent
estimated
$3,352,279
profit
Other taxes
payable
5,901,546
$4,179,037
'
sales
on
sell.,
Gross
yV-'v ).
(Continued from page 2340) .v:;.
Liabilities—Notes payable to banks (due Nov. 30, 1945), $7,200,000;
crued
$7,562,428
6,133,651
a
1944,
1944
Investment News
accounts
$9,485,930
6,838,061
report
30,
year
■
Other
'
1943
$11,017,998
Operating
.
1944
annual
Nov.
share,
a
7
,
on
share,
a
$263,670
contracts,
war
of
of
31,
reduced
$633,863.
1945
products sold
company's
of the
as
National
On
resources
reviewed
during and at close of year.—V. 160, p. 2190.
$3.30
$10.63
providing for
Dec.
1944.
cash
adjust¬
other
and
income
on
banks
ment
the
tPayable In U. S. funds, less 15% Canadian non-residents' tax.
tPayable
$226,106
$280,170
—
taxes
wage,
sales
Net
this
for
469,174
ness
Quarters Ended March 31—
Less
x
3,179
655,738
income
on
the
in
Annual
—
V
corporation
Commercial
poration's
Miscellaneous debits—
6-
the
1944,
was
6- 4
4
or
or
increase
an
15,
12,
credit
10,749
3,477
debt
April
6-10
y
—
•'/
v?•
President,
$3,314,747,
expiring
6-10
(accum.)
preferred
•
working capital
associated
$1
preferred
2nd
A
to
the
$1
Class
149 519,243
—$225,294,874
2269.
from $1,422,878,
net
(accum.)———
Class A' 1st
—;
—
■
$1,921,308,
$852,856
9,886
$1,008,944
Income—,———
funded
on
•539,652
53 .700,000
share.
The
Income
Interest
share)—4————
per
Sorenson,
increased
$3,751,189
.
G.
000
5-25
1, 166,567
J?,,
—.
year ended Nov. 30, 1944, said in part:
Net working capital rose to $1,921,308
5-19
7- 3
6- 1
—4^
_—
161, p.
F.
Fed¬
income
Non-operating
1
$32.04
Report—
*1944
1945
income)
on
Operating
Gross
$5c
taxes
debt——,———
United Aircraft Products, Inc., Dayton, O.
of
1
6-1
6-
taxes
and
—:
258,000
Long-term
(& Subs.)—Earnings—
-
$4,135,776
expenses
——-j-
•;.,
revenue
Operating
declared——————
Total' ii
,
Twin City Rapid Transit Co.
construction, projects, etc. $13,
095,324
Capital—Net worth of the company,, representing the value
of investment (this is the book value, and is equivalent
15 ratified
May
owed for oil purchases,
provided for income, property and other taxes— - 4 •016.088
Provisions for possible fire losses, damage, etci——„3
the smallest.
Granted—
on
——$225,294,874
•■•.
Amounts
6-
6-15
—
■'
Interest
and approved the granting of
options for the purchase of 20th Century-Fox common stock, to the
following five
executives:
Lew Schreiber, William
Ferlberg, Harry
Brand, Fred L. Metzler and Ray Klune.—V. 161, pp. 1250 and 1471.
1
6-15
—
Dividend
-V.
Stock Options
The
13, 750,436
————-r~18, 570,810
others—i, 194,486
T——-
Amounts
time of nine
62 purchases by 22 firms; 1,500
the largest trade, 20
was
(
Properties ———-——— —-—————————167, 595,843
Taxes, insurance, etc.————4——1
•916,734
in the elapsed
oversubscribed
was
minutes.
4-20
1
6-20
50c
common
Wright-Hargreaves Mines, Ltd.-—.
Wut'litzer'(Rudolph) Co. (irregular).
Yellow & Checker
Co.
&
5-3
6- 7
37 Vic
$1.12 V^i
$1.12 Va
—
was
The stock offered by E. F. Hutton
mission of 65 cents.
5-21
5-19
———
common..
on
of record
made on March 10,
Corp.—Special
Film
Century-Fox
Operating
Worthirigton Pump & Machinery,
4J/2%
t
share
per
Offer¬
ing—A special offering of 12,641 shares of $1.50 Pre¬
ferred Stock (no par) was offered on the New York
Stock Exchange May 21 at $36% per share, with a com¬
Twentieth
Ltd.—
& Co.,
distribution of 20 cents per share
A
cents
25
—,—4--*-
Investments, and advances to
5-18
15c
—
Woddtyard Governor Co. (quar.)
-—_
Woplf Brothers, 7% preferred (quar.)
of
226,413
040,142
—
doubtful receivables)———
Govt., less reserve for
-
*
■
(inch. $4,988,809 due from U. S.
Liabilities—
5-15
7-16
7-31
$1.75
„
dividend
a
>
value, payable June 11 to holders
par
no
securities
from others
Inventories
Dividend-—
>'
banks----.:--—
due
Amounts
March 31, 1945
-
,
Marketable
last, and in each quarter during 1944.—V. 161, p. 2269.
Wood Newspaper Machinery Corp.—
Woodall
ASSets
Cash on hand and in
company
declared
have
stock,
common
May 29.
10-15
5-26
5-15*
11- 1
6-15
25c
———
the
10-15
6-
(quar.)—
directors
The
the
6- 1
6-19
5-15
5-11
5-31
6-1
5-15
11-15
7-16
7-16
$1.25
Shoe
last,
15,
Truax-Traer Coal Co.—Increases
5-10
37VaC
Whitaker Paper (quar.)
Wilkes-Ba'rre Lace Manufacturing Co. (irreg.)
1
35c
Weyenberg
(quar.)
Condensed Balance Sheet,
The preferred
1.
record June
of
the period from
covers
March
Dn
Western
holders
to
15
June
May 15 to June 15, 1945:
•*
also disbursed 25 cents on the
common
stock .which in 1944 received 25 cents each on March 15,
June 15 and Sept. 15 and $1.25 on Dec. 15.—V. 161, p. 2268.
.y,;;,
dividend
Monday, May 28, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
2376
Ui?tedaniO°ddals
amount
offer
of
thp
lts decis5on* the Commission gr
which to file an amendment increasfn
Payment to stockholders who accept the exc!
«
"Number 4389;
Volume 161"
THE COMMERCIAL & FINANCIAL CHRONICLE
designed to enable United to effect partial compliance
with the SEC's order of Aug. 14, 1943/ which directed the company
to change its existing capitalization to one class of common stock
and to take such' action as would cause United to cease to be a
holding company, pursuant to section 11(B) (2) of the Act.
The plan was
vCombined
,;
the
consummated
fully
If
exchange
plan
will
enable
United
pointed out
SEC
ruling that
in its
the market
value
of
'-package," based on the closing price for Delaware Power's common
May 21, plus the $6 cash payment, would be $47.50.
maint.,
renewals
placements,
vision
$4,960,856
Net
oper.
The better
4,183,325
revenues-
Other income,
exchange offer,
the opinion said,
tional 30-day period if it
will
be extended for
is not over-subscribed within
an
Income
15.933,603
15,166,398
$755,887
101,071
81,332
$878,602
174,721
deductions
$2,995,188
$3,133,478
360.412
327.216
$837,219
$3,355,600
$3,460,694
169,457
692,025
658,937
;
Net income
—
$703,881
—
$667,762
$2,663,575
$2,801,757
Sinking and other fund
Commission
The
reserved jurisdiction with
respect to all accounting
carrying out the plan; to the form of the letters in
the exchange offer to preference stockholders,
and
all fees
to
161, p.
1813.
at
view
sales
Net
$5,245,514
$5,461,751
$6,550,154
minor¬
4,400,975
4,499,667
of
earnings
utility
to
U.
subs,
U.
G.
G.
I.
376,829
369,179
1,479,908
1,447,424
I
mulative
of
■/
$327,052
on
pfd.
subs,
G.
$298,583
$1,183,667
$1,354,333
cu¬
stocks
applicable
I.,
to
deducted
above
49,787
49,787
149,398
165,279
371,575
Other income
304,001
1,459.380
7,775,815
$748,414
Exps.,
taxes
Balance
applicable
capital
$652,371
$2,792,445
$9,295,427
313,934
357,510
1,347.611
2,489,153
deduct.
&
stocks
$434,480
——
$294,861
$1,444,834
1171,276
Depreciation
taxes & renego-
Income
tiation
(est.)
for
Prov.
83,185
June
1173,934
1183,101
71,897
695,000
*1,.373,134
*397,275
total
contingencies
$188,801
L.
dividend
Cash
$264,357
91,558
outstanding..
Earnings per share——
♦Includes
$273,706
91,558
91,558
91,558
305,192
$0.68
305,192
$0.90
305,192
$0.62
SIncludes
11 Includes
amortization..:> ■
of
excess
$137,851).
operating
Balance
Sheet, March 31,
1945
obligations—at cost, $424,283; trade notes and accounts receivable—net, $1,923,595; inventories,
$1,578,303; investments and other assets, $805,935; property, plant and
equipment (after reserves for depreciation and amortization of $1,$1,888,551;
patents,
.payable,
and. Federal
expenses,
$105,500;
total,
accrued expenses, $421,040;
$917,632;
taxes
notes of $641,8487, .$2,954,624;
ferred
prepaid
$4;
t
Liabilities—Accounts
.
renegotiation
income
on
reserve
(after U. S.
Treasury tax
for contingencies, $240,000;
de¬
$33,138; common stock (305,392 shares no par), $1,capital surplus, $1,014,373; earned surplus, $3,105,405; total,
$9,906.980.—V. 161, p. 1251.
....
•. v/v-v,-.,•-
income,
220,768;
Period End. April 30—
Profit from operations-
and
made
available
$574,875
$2,031,467
senger
646,467
615,750
2,463
,208.571
3,272
8,132
3,737
35,658
15,182
23,989
157,500
181,300
783,900
$189,865
$633,020
$603,683
(net)——
income
profits
&
cents per
20
was
holders
to
made
on
March
follows:
as
liquid
insulation
public
general
product,
the
for
bus
of
compound
truck
and
Industrial
the
motors
fleet,
in
will
factory,
factories,
record
March
15,
p.
share
of
At
—v.
income-
$155,048
■>:>•;;>
161, p. 921.
the
15
as
PiB,
first
has
time
a
rust
current
agent
been
now
this
cor¬
to
the
pas¬
farm
or
161,
on
and
engine
marine
plant dynamos, farm
machinery,
sump
pumps,
oil
of
ignition
pp.
batteries,
potential types of
liquid insulation.
systems and to prevent
the
in
and
1705
PiB
1472.
B.
Kingdom and Europe.
Nine fully-refrigerated vessels
provide a weekly service and the building program
is now actively under way.
As fas as these vessels are completed
and launched, they go into Government service, but will be available
The
Stock
York
Exchange has authorized the listing of 754,262
shares of common stock (par $1), all of which are issued and out¬
standing; and 300,045 shares of common stock, upon official notice
of issuance, upon exercise of issued and outstanding warrants for the
purchase of 225,045 shares of common stock and warrants to be issued
under the contacts with the management for the purchase of 75,000
shares of common stock (by the terms of all of which warrants the
New
holders
entitled
are
stock of
to
purchase
on
or
before April 1, 1956, shares of
share).—V. 161, p. 1584.
the company at $10 per
Univis Lens Co.—No Refund to Government—
Donald
S.
Morgan,
the company
has been
Vice-President and Treasurer, announces that
advised that no excess profits were involved in
1944 and that no refund is required.—
its Government contracts during
V.
161,
2043.
p.
for
its
refrigerated
requiiements
in
the
1945—Month—1944
Period End. Mar! 31—
Total
oper.
rev.
$1,157,757
807,054
revenues
oper.
deduct.
will be
Fra
Berlanga
delivered
with
the
was
the
before
end
the year.
of
to these nine ships,
United
States
the company has filed an application
Commission for the purchase of
Maritime
another
dx < fully ^refrigerated
cargo
vessels for use in the
between the United States and the Caribbean.—V. 161, p. 1923.
trade
share
May 23 declared an extra dividend of 30 cents per
and the- usual quarterly dividend of 30 cents per share on the
commrn
June
5.
last,
on.
a
few
on
stock, par $1, both payable June 13 to holders of record
quarterly distribution of 30 cents was made on March 13,
the stock.outstanding following the two-for-one stock split-up
.A.
Total
pn the stock outstanding prior to the split-up, the company in 1944
and, in addition, on May 5,
1472.
paid. 50 cents per share in each quarter,
1944, disbursed 10% in stock.—V. 161, p.
the
1944
year
Board
ment
This
1945—3 Mos.—*1944
* "
Subs., majority-owned
1945—12 Mos.—♦ 1944
set
that
up
profit
$224,998
$215,437
$928,150
9,282
10,122
38,810
—
'247,995
241,325
1,075,830
Interest, etc., income-
114,298
52,554
344,740
$1,496,819 $14,154,901 $18,686,538
1,167,842
10,330.215
13,191,297
is
year
the
$1,002,303
40,490
7,318,639
416,686
.
expenses
$519,438
$2,387,530
$8,778,118
180,231
222,884
735,381
par
520,301
for Fed. &
taxes
___■_
Other deductions
The
related
107,353
par
Balance
—V.
234,299
650,955
49,749
i
res.,
available
common
it
share to $1.51
made
this
at
valves
therefore
was
share.
per
plant
desirable
only
was
fittings
and
deemed
partly
manufactured
to
dispose
by
these
of
facilities
Consolidated
,
sales,
Prov.
for
Net
sales
the
to
of
and
—
$53,395,670
$59^18,822
42,157,080
—
45,142,779
Cost of goods sold
Depreciation, and amort, of defense facilities
Selling, general and administrative expenses—
Provision
tCash
for
doubtful
discounts
Provision
for
accounts-—
sales.—•_
on
635,209
620,996
3,334,674
*3,700,027
,..,99,948
139
—
668.408
—
adjustments—
post-war
Miscellaneous
—_
.
1943
$53,395,669 $62,125,589
<
' nw
*
*2,606,768
following
——
Years
1944
allowances-
Government
—
Calendar
■
•
contracts
war
for
Account
■
returns
less
refund
renegotiation
Income
>>,">V
■■
Gross
834,239
100,000
550,000
30,707
...50,607
—$6,469,452
$8,520,'226
161,446
>,185,579
$6,630,898
$8,711,112
212,054
207,215
;»
—^
etc.
49,749
149,(573
165,168
23,567
30,968
120,905
182,831
$282,639
$161,928
stock
$1,039,919
—
$6,288,965
956,433
for
$282,639
$161,928
$1,039,919
profit
income
Discount
on
Operating
profit
charges
declared
$5,508,309
165,378
2,014,388
Federal
$164,820
$165,095
$1,820,727
$2,355,693
142,063
1,704,761
1,704,761
Prov.
for
State
$23,032
$115,966
$650,932
Dividends
Dec.
on
The
15,
Dividend—
per
Victor Equipment
income
Fed.
inc.
Net
&
&
of
exc.
tax—
profit
6%
on
common
preferred
deduction
and
tAfter
of
stock:
credits
retirement
for
refund
post-war
$306,083
$171,368
Prepaid
Cash
8,997
7,210
7,428
6,003
695
1,037
1,151
1,151
*202.857
*217,178
*119,877
discounts
of
purchases
on
$44,338
ess,
.
Cash
and
Hess
of
in
operating
profit-
1945
1944
1943
1942
$28,429
$27,956
$26,166
$17,176
32,573
33,099
28,488
20,716
$4,145
*$5,143
*$2,322
U.
product,
and
from
other
income
*$3,540
63,327
66,941
63,780
53,144
$59,183
$61,798
$61,458
$49,604
44,187
sources
._"
Bond
interest,
etc
Post-war
of insur.
profit
46,029
54,499
56,979
$15,769
$6,958
*$7,374
$14,995
—
work
$27,594
—V.
shows
results
of
operations for first quarter after
made allowance for depreciation and depletion amounting to
in 1945,, $29,086 in 1944, $30,617 in 1943, and $24,822 in 1942.
161,
p.
708.
$5,332,532
Virginian Railway—Bonds Authorized—
authorized the company to issue not exceeding
$60,000,000 first lien and refunding mortgage bonds, series B, 3%,
due May 1
1995, to be sold at 105.669 and accrued interest, and the
proceeds used, with other funds, to redeem $60,044,000 of outstanding
bonds; and to procure the authentication and delivery of not exceed¬
The
ICC
recently
f%
notes
Deferred
4,401,164
*6,293,473
8,529,877
proc¬
14,718
for
receiv.
61,686
*618.600
229.745
6,729,598
14,972
debits..—
suspense
a-v
997,500
101,379
6,368,560
securities.
reserves
goodwill....
and
91,867
<
>•
excess
.
misc.
&
.180;632
of
account
Federal
to
13,643
144,053
-
equipment/less
and
;
6,733,788
in
—
related
—
>
and
,
1943
life of officer
on
bonds
refunds,
and
Patents
-.16,716
53,953
....
.
t,
51,638
$21,973,938 $25,654,205
Liabilities-
Accounts
payable,
Accrued
trade
liabilities
income)
Prov.'
and
(other
miscellaneous
than
—„
Federal
for
renegotiation
U.
S.
$1,612,833
taxes
of
Treasury
Government
tax
notes
in
1943,
contracts,
U.
S.
,
1,609,755
•
61,686
mortgage
for
4%
stock
1,358.758
M 91.867
1955-——.-
4,674.500
4,879.500
adjustments———
(par value $10 per share)
650,000
619,120
550,000
619,120
3,396,895
934,635
5,497,654
3,396.895
974.635
*4,708.069
bonds
due
post-war
preferred stock
Common
Capital
'
*6,122,856
war
bonds
Reserve
\
*2,831,348
2,916,860
———
deposits for purchase of
$1,519,915
,
———————
for Federal taxes on income and,
Employees'
6%
above
,■
$2/898^416
taxes
war
S.
taxes
Mortgage
First
Net
V/;
1944
1944
supplies—^
and
less
Rev.
1943,
in
$3,082,165
——
of $300,000 each year)
reserves
insurance
and
banks
finished
materials
surrender value
on
Net
1943,
$144,480
>:
raw
tPlant
refund of $21,142 in 1945, $19,452 in 1944
$20,825 in 1943.—V. 160, p. 2191.
—
$104,928;
,
employees
♦After estimated post-war
expenses
$1.51
Consolidated Balance Sheet, Dec. 31
profits
revenue
815,135
;
<;>,x
$378,900;
(1944,
(1944,
1943.
Inventories
$80,326
37,147
,
$1.18
,
hand
on
$286,133
$75,029
37,147
815.255
—
Assets—
1945
$81,545
*$2,068/635
stock—
debt
credits
deducting
$185,380 in
1942
profit
*87,130
$1,641,987
share———
common
69,205
-
on
per
I
$550,560).
1943
equip.
patents
profits
Quarter End. Mar. 31—
*18,716
*5,964,493
of the annual report for 1943, in order to give effect to the
renegotiation of Government contracts consummated in February, 1945.
1944
(est.)
Gross operating
344,923
,
—
4,350.450
issuance
Cash
220.476
bldg.
Amortization
357,202
tax
tax—_—
"♦Designates the 1943 items which have been modified subsequent to
$311,714
of
Depr.
net
.
deducting
Co.—Earnings
Quart. End. March 31—
Profit
surtax
exc.-profits
profits
paid
Earnings
$108,9151
17
and $1.25 on June 15, 1944.
share in arrears at June 1, 3945, after
declared, will be $25.75.—V. 161, p. 775.
last,
amount
dividend just
and
tax
value
pa'd
Dividends
declared a dividend of $1.25 per share on
of accumulations on the $5.50 dividend priority stock, payable
to holders of record June 1.
This compares with $1.75 paid
15
income
excess
.
3,152,616
1472.
May
-
————
normal
for
tAfter
June
—!
*r—
—:
income-.
sundry
Fed.
$22,757
on
and
Fed.
$3,835,115
5,307
<*
,
for
$330,473
—
reacquired—
•"
for
186,182
—
directors
——
bonds
Prov.
Utility Equities Corp.—Accumulated
The
;
ineti————
company
Prov.
__
161, p.
having
53,909
60,387
preferred stock
Balance
of
products
regular line of
and
13,068
142,063
Note—The
State
Net income—
on
$1.62 per
line
the
to
Walworth
$5,495,241
Income appropriated to
Divs.
of
from
10,429
♦Loss.
stock
to
Prov.
special fund
stock
$3,824,686
969,898
expenses
capital
no
$596,573
—1
income
of
the
to
decrease
a
common
After the application of
of the company for 1943 the change
stockholders in the annual report for
$144,975, thereby reducing the earnings
books
the
on
reported
1,496
to pfd.
applicable
Total
from
agreement
an
During the year 1944 the company sold its plant located at Attalla,
Ala.
This plant was engaged In the manufacture of soil pipe, Hi-Test
pipe and certain special alloy cast Iron pipes for corrosive resistant
Operating
$351,002
income
Net
Divs.
Operating
•Other, statutory: subs.
Other companies
Exch.
entered into
company
Total
,
Non-recurring
The
payment to the Government 'of $486,944.
net
on
sales.
percentage
allowed
that
reductions
of profit during
by the Navy Price Adjust¬
the
Navy Price Adjustment Board whereby the gross operating
the year 1943 was reduced by the amount of $2,606,768.
adjustment was prior to related tax credits and will require a
reserves
In
than
part as follows:
renegotiation
for
up
as
for
Other
1945—12 Mos.—1944
Go.—Earnings—
Earnings for-3 and 12 Months Ended March 31, 1945 (Company Only)
Total
^
v;
.
the
profit
net
less
1943
on
set
inasmuch
volume
was
Consolidated
and
United Gas Improvement
Ordinary
'
/\3J.
14 stated in
March
on
been
has
reserve
$328,977
deducts..
income
taxes
days before,
Dividends—
,1
meetting of shareholders, held on May 22, the,follow¬
elected:
Arthur K.
Atkinson,
Charles
Belknap,
1944
Receivables
di ectors
of
been
were
299
(net)
income
Gross
the
United Merchants & Manufacturers, Inc.—Extra Div.
The
has
/
Holton, Jr., President,
the
tProv.
account
In addition
on
$350,703
revenues-
oper.
income
post-war
the first of the shipbuilding program
to be delivered by the builders.
This was on Feb. 21, 1945.
She was
taken on charter immediately by the War Shipping Admiinstration and
is now engaged in carrying materials to the Armed Forces.
The second
steamship has also been delivered and four more of these vessels
SS.
deduction
In estimating
given to the effect
the applicant's income and excess orottts tax.
;
(& Subs.)—Earnings—
Utah Power & Light Co.
period.The
The
$464,125.
of $8,945,250.
net
a
Pitcairn, A.
special
service.
to
company
of
expenses
consideration
Walworth Co.—Annual Report—
against
Universal Pictures Co., Inc.—Listing of Common Stock
Net
United
the
and
no
Wessel Shapleigh, George H. Sidr> and Tom K.
of St. Louis, Mo.; Martin W. Clement and Walter S. Franklin
Philadelphia, Pa.; Pierpont V. Davis, James L. Homire, Frank C.
Nicodemus Jr., and J. Leonard Replogle of New York, N. Y.; Edward
D.
Stair
of
Detroit. Mich.;
Allen
P. Green
of Mexico, Mo.;
and
Augustus E. Staley Jr. of Decatur, 111.
/
The proposed amendment to the amended articles of Incorporation
was
adopted.—V. 161, p. 1924.
./i. ■-.■
W.
also may be used to
dried-out wiring, and, in addition, acts as
leakage
worn
inhibitor.—V.
Other
post-war .maritime plans of this company contemplate a service
between the west coast of the United States and Central America
to
of
15,
by
extended
be
be treated with the new
may
waterproofing
a
and
re-insulate cracked,
Total
United Fruit Co.—Post-War Plans—
the
decrease
a
of
cents;
The
planned
representing
premium
RR.—Board of Directors—
annual
B.
Interest
are
will
-exc.
taxes
and
which
$3,602,640.
2269.
P.
directors
—
Net
■
bonds
Smith
2116.
power
equipment, such
as
tractors, sawing
burners, boat and ship motors, are some
576,900
1,324
Federal
share
per
were
15
Chemicals, Inc.—New Product—
the
to
application
car,
fields.
$1,787,526
195,375
bonds,
A
$9,409,375 leaves
effected
transactions
Wabash
with
Civilian
1945—9 Mos.—1944
$506,784
deprec._
credits
cents
1944
of
June
poration.
Cos.—Earnings1945—3 Mos.—1944
Interest
Misc.
15
in
dividend
a
payable
Sept. 15 and Dec. 15, 20 cents each.—V. 160,
war-tested
new
common
United Electric Coal
Deplet.
declared
$5,
of
Payments
corrosion
Assets—Cash, $3,180,810; U. S. Treasury
185,403),
17
par
S. Industrial
Used
Consolidated
$9,906,980.
stock,
equipment which
r; v.
..
A
$0.87
profits tax of $1,124,537 (after deducting post-war
tlncludes excess profit t-aexs.
tWholly owned
domestic and Canadian subsidiary have been consolidated.
domestic
subsidiaries
but
excludes
Canadian
subsidiary.
refund
$37,500,000,
charges.
The
series
premium
from
be
161,
No
305,192
;
shS.
Com.
$208,657
the
net
to
these
of
—V.
250,000
profit
be
Interest
of
amount
savings
Norman
distribution
A
year.
and June 15,
U.
Net
would
in
for
this
956,433
to
May
on
capital
1.
this
781,850
May 1, 1945.
the amount of
to
to year
year
.
directors
the
on
~;/ '
_—
applicable
United States Graphite Co.—20-Cent Dividend—
50,527
70,546
from
as
to
be paid op
the
will be substantially
covered by the premium to be realized on the sale of the series B
bonds, $3,401,400, leaving $201,240 to be paid out of other funds.
The estimated
incidental expenses of the transaction, consisting of
Federal issue tax, $76,498; Virginia mortgage recording taxi $42,343;
trustees' charges, $59,344; counsel fees. $25,000; printing and etigraving, $36,600; listing on the New York Stock Exchange, $7,200, 'and
other miscellaneous expenses, $15,900, amount to $262,385,
giving a
$6,896,274
common stock
$434,480
$294,861
$1,444,834
$5,849,841
♦Figures restated for comparative purposes.—V. 161, p. 2269.
The
67,620
interest
uncertainty
to
preferred stock
on
period
redemption
applic.
divs.
U.
2,300,193
income
of
t
of series A bonds.
$60,044,000, from May 1, 1945. to
1966, the date of their maturity at the existing rate of 334%
would be $46,909,375, while the interest payable on the
$60,000,000 of series B bonds at the rate of 3% per annum during the
$9,409,375
of
Co.:
Deferred
Cost
other
,
annum,
same
$3,084,250
4,135,967
_
amount
1,
Bal.
*1942
of goods sold and
operating expenses!—
Other
deductions,
less
like
a
through the sinking fund, an ejca,ct com¬
putation of savings to be effected by the proposed refinancing is im¬
practicable, however the interest which would be payableu on the
ing
*1943
replace
amount
Balance
§1944
to
states;
two
accrued
from
per
Divs.
§1945
bonds
treasury.
Securities
the
of
retired
entire
&
ity and former int.—
United-Carr Fastener Corp. (& Subs.)—Earnings—
3 Mos. End. Mar. 31—
and
106.71
In
March
and expenses to be paid by the company in connection
with the plan.—V,
the
of
Mellon
deductions,
outlines
United
which
the
approp., divs. on pfd.
stocks & other prior
day period.
entries involved in
B
the
in
Commission
bids, 105.669 and accrued interest, was received
Corp. and Halsey, Stuart & Co., Inc., as
142 other persons, firms, and invest¬
ment
houses.
This
bid
has
been
accepted and will represent an
average annual cost of the proceeds to the applicant of
approximately
2.79%.
The bonds are being offered to the public by the purchasers
from
be
addi¬
the initial 15-
3,987,218
$777,531
V
'
net
Gross income
Providing
The
the
to
bid
for
the
$60,000,000 of bonds were mailed
to
157
investment,
banking or security housqs, banks, '
insurance companies, in response io which two bids were received.
and
In
United files the amendment recommended by the SEC,
the exchange offer will remain open initially for a period of 15 days
from the date specified by the company.
Should the offer be over¬
subscribed during that period, preference stockholders who tender 10
shares or less will receive their full allotment of Delaware Power's
common together with $6 for each share turned on,
while those who
tender larger amounts will receive allotments on a pro-rated basis.
series
held
now
of
approximately
re¬
and pro¬
taxes—
for
report
the
of
bonds
A
Invitations
$4,743,105 $18,928,791 $18,299,876
de-
&
$9,544,000
series
representatives of themselves and
on
considering the fairness of the original exchange, which provided
for but $5 in cash, to preference stockholders who accepted the offer,
the Commission said it gave effect in its analysis to the position of
holders of the preference stock as of March 31, 1945.
It also pointed
out, however,
that' it would be inappropriate to fail to recognize
certain general developments, including the increase in the amount
of dividend arrearages on United's preference stock, and the receipt
by United of dividend income since that date, and the time at which
the plan would be consummated.
-
exps.,
prec.,
ing
1945—12 Mos.- -♦1944
The
—
Oper.
to
the
1945—3 Mos.—*1944
Utility subsidiaries;
Operating revenues
dispose of its 303,311 shares of common stock of Delaware Power,
representing 26.1% of the outstanding voting securities of that com¬
pany, and at the.same time retire 151,655 of its 1,366,522 1/6 shares
of outstanding $3 preference stock.
.The
Earnings (Company and Subsidiaries)
Period End. Mar. 31—
,
2377
of
no
par
Shares)
surplus,
(outstanding,
value
-
Walworth
Consolidated earned surplus
Total
—
—
Company——
(since Jan. 1, 1936)
—
$21,973,938 $25,654,205
-
♦Designates the 1943 items which have been modified subsenuent to
of the annual report for 1943, in order to give effect to the
issuance
renegotiation of Government contracts consummated in February. 1945.
tAfter reserves for
depreciation and amen, ^atlon of $11,380,972 in
1944
and
$11,058,228
in
1943.*-V.
161, p.
1361.
Monday, May 28, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2378
and
Corp.—Calls 2nd Preferred Stock—
All of the outstanding shares of second preferred stock have been
called for redemption on July 1, next, at $55 per share, plus 75 cents
accrued dividends.
Payment will be made at The. Chase National
Bank of the City of New York, 11 Broad Street, New York, N. Y.—
Wagner Baking
V.
160,
ing
Inc.—Seeks Loan—
Warner Bros. Pictures,
is
company
tures'of
Sub.)—Earnings-
Washington Water Power Co. (&
$1,140,017
Operating revenues—._
Operating .expenses
Federal tax'es__,-^_-—
441,425
152,806
108,907
113,939
Net
retirement re¬
appropriation—
91,504
90,678
1,036,518
$310,279
..
$260,791
15,952
$3,831,913
$3,730,193
28,098
45,488
3,137
$313,416
$276,743
74,306
$3,775,681
892,343
$3,860,011
85,433
income—...—
Gross
1,222,700
chlurges....
Interest
1,745,490
1,218,738
1,092,026
(net)
Other income
1,254,179
*
revenues..**
oper.
5,101.549
5,548,214
1,629,136
480,659
182,870
Other taxesi
serve
1945—12 Mos.—1944
$1,093,841 $13,349,960 $12,887,9.96
1945—Month—1944
Period End. Mar. 31—
Property
4% deben¬
loans.—V, 161, p. 1139.
present 2%% bank
the company and
term bank
Misc. reservations of net
income
300,000
......
'
,
$202,437
$227,983
Balance
$2,583,338
622,518
$2,637,311
622,518
stock™^_„»—.
civilian
K_V. *61, p.
$1,960,820
$2,014,793
v.-——
Weeden
within
estimates,
lines
-Calender Years-
1942
1943
1943
1944
31, *45
demand
war
$75,172,756 $74,871,331
427,165
108,256
426,474
340,694
$25,709
$107,904
$86,471
$1.26
$5.18
$4.15
$2.38
March
Sheet,
Balance
Condensed
1915
31,
market), $2,678,909; accrued
$30,650; due from customers
(secured),
$146,090; fixed
assets
(net after depreciation), • $1,626;
prepaid expenses, $12,485; total, $3,104,031.
Liabilities—Notes and
drafts payable
(secured), $1,975,000; loans
payable
(unsecured), $137,343; employees' war bond fund, $1,087;
reserve
for, taxes,
$50,325;
accrued expenses,
bonus and reserves,
835,339;
capital stock
(20,409 shares no par), $608,180; • surplus,
$296,756; total, $3,104,031.—V. 161, p. 1361.
$212,697;: inventory (at
Merest receivable, $21,576; bid deposits,
r.Assets—Cash,
.
-•v.*
•'
net
Total
Fed.
Prov. l for
,
'
■
$8,054,345
4,398,542
4,366,392
6,886,223
'
'
'
•
$8,557,757
Dr310,353
95,462
■
$9,381,368
$14,940,568
367,840
Sales,
Cost
1,184,789
687,420
158,680
i
road's
actual
control
in
nominally
bond
from
by
operation
at
Court
and
were
exps.
Amort,
for
of
Federal Judge A. F. St. Sure In United
Francisco.
TJue trustees relinquished
on Dec. 31,
1944, although they were
May 1.
Final accounting und discharge
May 21.—V. 161, p. 2044,
Telegraph
Cash
taxes
on
Fed., .taxes
$
45,544,953
46,162,676 185,285,920 172,055,437
2,710,000
for
of
.
foregoing
31,
1944,
congratulations
The
their
on
is
deeply
British people
magnificent victory. With
forces, and .of the
affection
hail
we
comrades-in-arms
ury
across
our
the At¬
To Marshall Stalin:
have
armies
Nazi
of
forced by
been
the co-ordinated efforts of
Soviet-
Anglo-American forces to an un¬
conditional surrender I wish to
express
your
and
to you and through you to
heroic army the appreciation
congratulations of the United
Government on its splen¬
contribution to the cause of
States
did
civilization
"You
your
and liberty.
have
17,700
10,500
$60,143
$54,925
29,621
29,511
$30,522
directors
$25,414
...
810,000
15
11.
of
amount
'■
Public
Service
v
Output—
Corp.—Weekly
this corporation for the week ended May 19,
kwh., as compared with 11,246,000 kwh. for
corresponding week last year, a decrease of 6.5%.—V, 161, p. 2270.
_Electric
*757,091
the
in
161, p. 2154.
V/.V
fV-..
18)
(No.
capital stock, payable June 30 to holders
distribution was made on July 1 and
similar
A
last year.—V.
of
'•/*%'
dividend
declared
have
share on the
per
June
Wisconsin
the
output
totaled
1945,
York
On
$1,516,613
459,316
of
10,514,000
heretofore
with
tBased
011
483,370
shares
for
the
have been included in expenses in
1945,
1,
be
six months'
paid
be
endorsement
paid
when
5'/o
trust
sion of
amounting
interest
first
unextended
the
on
$25 per $1,000
and collateral
to
mortgage
the bonds
gold bonds, due Dec. 1, 1937, upon presentation of
of
due
amounting to $25 per $1,000 bond will also
June
on
1,
gold bonds due Dec.
the maturity
-
.'
payment.
The semi-annual interest
the
Dec.
at
will
trust 5 7o
$3.30'
included
Railways Co.—To Pay June 1 Interest— 5
June
bond
Consolidated Balance
demonstrated in all
campaigns what
Sheet, Dec. 31
The
terest,
for
292;
doubtful
accounts, discounts and
inventories
(finished products,
allowances
work
in
•
of $116,395),
Committee
change
and
the
on
1,
1937
date to Dec.
first
collateral
and
mortgage
to indicate the exten¬
(stamped
1947).
1,
to be
materials '
'E.
dealt in
"flat."
the
company,
V.
$3,415,312;
it is pos-
at
maintenance
supplies,
"Please
barism."
To
Gen.
raw
Eisenhower:
"In recognition of
the uncondi¬
tional and abject surrender of the
Nazi
barbarians,
please
accept
the fervent congratulations
and
appreciation of myself and of the
American people for the heroic
achievements
of
your
Allied
$239,781;
unexpired
transmit
this
insurance
message
the
to
your
all
appropriate officers
of
command and publish it to
of operation." '
driven into
forces
of
having
an
barbarian
now
been
unconditional
sur¬
render by our Allied armies, this
is an appropriate time
to send
through
you
America's congratu¬
the oppression
they have endured
with high courage for so long.
"I send also my
ciation
of
the
personal appre¬
leadership
superb
ders
.*>
4
result
preferred
Associated
Press
reported
London May 8, giving
as
States, the
from
the follow¬
the text of the King's mes¬
sage:
"With
the
cessation
of hostili¬
Ex¬
.
in
of
the
of
the
Co.; dur¬
reorganization of
Utilities
NJ
plan
stock
would include all accrued
transactions now
in full of all
Railways.
Such
payment
York
of
interest and dividends arrears.—
1584.
p.
ordination
-
the
on
&
allies,
with
British
is
our
admiration for the courage
Und
Americans with Allied forces ad¬
wise
leadership
vancing from the west and south
them to their goal
under
which
determination
crushing victory.
and
the
command
Supreme
'
of Field
and
of
Army Eisenhower
Marshall Alexander
have fulfilled their part in
freeing
the Continent of Europe from the
horrors of German
"In
years
the
domination.
of the past
course
and in the face of
brought
of complete and
have
"I would ask you
also to convey
special message of congratula¬
tion to my own forces now under
a
command.
your
Throughout the
have ' acquitted
themselves in all services with a
campaign
two
common
danger and grievous losses there
has grown up between the
peoples
of
our
est
and your comman¬ ties I hasten to send to you, Mr.
directing the valiant le¬ President, my warmest congratu¬
gions of our own country and of lations on the attainment of vic¬
our Allies to this historic victory.
tory over our common foe in
shown by you
co
would
and
two
countries
a
they
valor
distinction
and
for
their fellow-countrymen
ever
prayer
final
It is my earn¬
the day of that
that
victory
may
not be far dis-
(Signed) George R.
The King also sent
Gen.
message to
Dwight D. Eisenhower, the
Associated
London,
Press
May
reported
8,
plete
from
congratulating
him and his armies
on
the "com¬
and
crushing victory" in
Europe, and asking on behalf of
all his people that the
Supreme
Commander
the Allied
in
tell
all
members
Expeditionary Force
Europe yhow deeply grateful
aie
Service Bonds
Adjusted Service Bonds.of
dated June
to
.194!
15, 1936, issued in pa J
ment of amounts due on
on
a
!•
Maturity of Adjusted
Service
tant."
which
will for¬
hold them in honor.
comrade¬
victory."
this
appreciation of
the
ing
of Nazism.
•
PA
NY,
consummation
the years to come.
our
Britain and the United
of many nations a
debt beyond appraisal for their
high contribution to the conquest
Commission
bonds
SEC
that
contribution made by valiant
soldiers of France to our Allied
"I wish also to send to you
expression of
to
men
In
Russian
our
161,
the
stated
ship in arms of unsurpassable
strength. I am confident that this
spirit of comradeship will con¬
tinue not only until
Japan has
been finally
defeated, .but also in
they have saved and exalted the
cause of freedom throughout the
world.
All of us owe to you and
your
•.
;
,
,
for
^
lations to the people of France on
their permanent 5 liberation from
King George VI sent a congrat¬
ulatory message to President Tru¬
man in which he expressed con¬
fidence in the continued "spirit
of comradeship"* between Great
navy
payments
premiums
Europe.-
the
publicly-held
General of the
To Gen. de Gaulle:
aggression
before
counsel
under
Allied forces in your theaters
Nazi
-
.
Robert
ing
supplies)
ket,
process,
Curb
York
the -New
of
Rulings
$2,006,-
cost which was not in excess of replacement mar¬
miscellaneous investments, $18,8S8; sundry notes and
accounts
receivable, $36,967;
property, plant and equipment
(after
reserve
for
deprecation and amortization of $10,584,182;
and gen¬
eral
plant reserve of $2,274,110), $11,334,945; factory repair parts
and
part of
of/lesser
Security
on
May 11 ruled that said bonds be quoted "ex-interest" $25
bond on June 1, 1945; and that the bonds shall continue
on
$1,000
per
Wilcox,
hearings before
and air force.
By
their sacrifices, skill and courage
lantic."'
aggression
:
2018.
p.
record
of
on hand and demand deposits, $5,167,146; U. S
Treas¬
certificates of indebtedness (at cost) and accrued in¬
$2,210,329; accounts and notes receivable, trade (after reserves
notes
Defeat of Germany
army,
the
159,
The
Assets—Cash
"The
Government
States
appreciative of the splendid con¬
tribution of all the British Empire
that
income,
statement.
21,779
against
$3.18
on
21,318
*
deductions
-V.
89,143
361,272
taxes,
29,190
v.
Federal.
and
State
29.625
income
Net
and 459,316 shares at Dec. 31, 1943.
oppressed^
7—
people of Europe from the evils sible to accomplish when a free
of barbarism, I wish to express to people under superlative leader¬
ship and with unfailing courage
you and through you to Britain's
rise
against the forces of bar¬
heroic army, navy and air forces,
"Now
taxes,
earnings
4.440
i
.
-■
Income
268,582
share
comparative
:
General. taxes
$2,542,285
income
franchise
88,010
3,902
Depreciation
21,963
483,404
and
328
$208,844
Operation
$2,453,143
interest, etc.
charged
....
Maintenance
,
Dec.
on
22,294
156
95.287
earnings
100,000
provisions for taxes
and the liberation of the
to this
31,366
$2,585,083
taxes
24,668
$227,974
Gross
.
$186,878
(net) (Dr)
inc., incl. merchandise sales
eight cents
...
retirements
1944
1945
...—
—
...
Other
rehabilitation,
$1,536,991
per
--With the unconditional surrender of all the armies of Nazidom
warm
plant
allowed,
on
'
$203,463
Wisconsin Investment Co.—8-Cent Distribution—
$2,808,263
Federal
Co.—Earnings—
±
—
Gas
601,781
—
income
Churchill:
To Prime Minister
United
necessary
excess
2,022,223
653,014
amortization..
dividends
President Truman to other Allied leaders on the occasion of
Germany's surrender, according to the Associated Press from Wash¬
ington, May 8:
the
Electric
Total
2,088,808
and
—
by
of
$0.15
Federal
for
19,550,758
223,180.
loss
As released by the White House the following are messages sent
achievements.
431,579
SO.28
———-
Operating revenues:
and
but for the tax reduction realized in the latter
through settlement of certain accumulated taxes
Allied Leaders' Messages on
,,
$65,058
281,008
$0.33
1943
20,483,616
income
Cash
companies.—V. 161, p. 1924.
our
$79,918
280.937
stock_
com.
Quarters Ended March 31—
1943
for
.1..
profit
income
Net
6,505,000
for calendar year 1945 will depend upon the taxable income for
that
year.
Operations for the 12 months ended March 31,
1944,
indicated excess profits tax of $1,760,000, applicable
first quarter
of 1944.
Excess profits tax would have been payable for the calendar,
,
shares of
per share
Wisconsin Hydro Eiectric
*
during
$25,841,887 $24,649,867
profit-
20,474,346
18,782,682
2,455,000
able
year
<excl.
depreciation
•
5,944,717
1,334,000
8,258,561
7,782,857
inc. after charges.
1,781,314
2,382,483
Note—Nd liability for excess profits tax applicable to operations for
.the 12 months ended March 31, 1945.
Whether such tax will be pay¬
1944
10,000
'
5,100,845
income-
Net
year
that
5,668
7,470
10.000
income
on
provision considered
—V. 160, p. 2337.
Years Ended Dec. 31
amortization).
development,
Provision
Fed.
income
on
sold
and
discounts
"State
1945—12 Mos.—1944
$
$
1945—3 Mos.—1944
revenues-*
Operi inc.! before
Calendar
income
Portion
Co.—Earnings—
$
open,
5,687
•
12,000
income
Net
L
of provisions
__
costs
Other
San
Period End. Mar, 31Gross
March 26, stated in part:
and its subsidiaries
Account for
Income
operating
tEarnings
Union
Western
on
warehouse, administration and general
(excl. of prov. for depreciation )„._—
Selling,
until
made
taxes
*No
operation
charge
6.572
$45,821
$94,380
for
Earnings
paper.—V. 161, p. 2270,
company
-
Total
District
$80,726
-
Outstanding
Discharged—
step in the reorganization of the company was-taken when
wdre formally discharged and relieved of all responsibilities
the
$103,076
4,548
■^Provision
extent of $200,000.
the
to
net
of products
Net
final
trustees
34,905
$117,500
Interest
$497,369
$209,160
£>r$310,353
Western Pacific RR.—Trustees
for
8,151
—
allowed
Discounts
borrowed $1,000,000 against the total.
1942 was completely paid off.
June
depreciation
'
$138,470
earnings
States
9,036
2,913
:
Total
The bank
■' v
On July 12,
1944, when the Wickwire Spencer Metallurgical Corp.
acquired the assets of the Sirian Wire & Contact Co., a "V" loan
of $500,000
was
arranged.
This loan is guaranteed by the parent
in
made
loan
Provision
—
the
and has
$2,400,000
r '"■ '
161, p. 2154.
A
$94,925
-4
etc.
Profit
to
etc.,
Net-
-V.
13,979
ex-;
Non-operating income
Co.—Annual Report—
1944
income
taxes,■ .*—2
53,662
17,169
$108,464
dry hole costs,
accounts—
for contingencies—
Provision
Net
1942
$5,014,976
f
$11,083,175
233,932
sales.
earnings
Net
1943
$4,159,215
$5,310,801
5,772,374
(wholesale)—
sales
of
Consolidated
1944
1945
(retail)
sales
Net
59,780
depletion
and
ploration,
the produc¬
Division at
provisions of Federal war profits control legislation were
renegotiated during the past year.
The Government found that no
excessive
profits had been earned and a clearance certificate has
been received from the War Department Price Adjustment Board.
The Wickwire Spenver Aviation Corp. was granted a $500,000
"V"
loan.
This loan was paid off by the subsidiary.
The parent company has been granted a
"VT" loan in the sum of
subject
Western Auto Supply Co.—Earnings—
Quarters End. Mar. 31—
President,
Holder,
P.
Transactions
company
Net
20,453
$165,477
Provision for doubtful
he
Wickwire Spencer Steel
$49,725
share——-
per
53,754
19,225
$185,413
leases,
Canceled
retraining program.
the company
steel, tin, rubber, lumber and
57,686
U
Depreciation
' ;
.
682,498
342,335
292,610
for
$49,321,326
534,378
Neb income
Earned
'
said
1943
$881,7{
635,7(
$922,182
904,618
and general expenses
taxes on income—
Balance
thought production of consumer goods would
authorized quickly by the Government, but he anticipates that cer¬
tain critical materials will be a bottleneck,
He cited the still heavy
E.
-*■/
of
Pa.
Robertson
1944/;
1945':
$1,166,943
,v
•
services—.
Taxes other than
after authorization,
models of radio receivers will be leaving
the company's newly-formed Home Radio
some
March 31—
operating income———-——-
Selling
be
$31,111,493
133,965
Sales .fL.--..--.'.—
Aijoss income
Expenses apd taxes....
months
three
to
two
shortest
and
delay
least
the
require
Oil Co.—Earnings-
Quarter Ended
He indicated that
since they would
irons
electric
of
.T
2044.
p.
Cost of sales and
appliance manufacturing
authorization is received.
would begin first,
after Government
months
161,
Gross
plants
to civilian goods production have been completed, and Mr. Robertson
estimated that production of refrigerators—the first large appliance
item expected to be produced—could get under way within four to five
manufacture
wage
Wilcox
include the
reconverting the company's
Plans for
Mr.
3 Mos. End.
Mar.
V.
were
terminations
Sunbuiy,
Co.- -Earnings-
&
necessary
as
terminated.
Operations most affected by these ,
production of radio and electronic apparatus,
propulsion equipment for ships, and material for aircraft and tanks.
Mr. Robertson said that since V-E Day there has been a liberaliza¬
tion
of production
approvals by the War Production Board for the
manufacture of such heavy electric power equipment as steam turbines,
switchgear and power transformers for civilian use.
Production of
this kind of equipment, which has been carried on to some extent by
Westinghouse during the war period, is now increasing gradually.
$11,000,000
tion
2044.
well
employees'
$923,520;
-
of
production
the
as
us
Also
Balance
,
off .of[ mm--
large electric power equipment for
household appliances, to fill partially
the employment gap created by the end of the war in Europe.
At
the
conclusion of a meeting
of the directors, Mr. Robertson
reported that the company's backlog of unfilled orders at the end of April amounted to $591,653,898.
In the first two weeks ci May, which
included V-E Day, 235 of the company's war contracts amounting to
in
increase
negotiating with its bankers for a new
loan, proceeds of which will be used to retire outstanding
The
in part the tapering
and
adjustmnet, $413,237; accrued taxes, other than
Federal taxes on income, $267,258; accrued Federal taxes on income
$852,768; other accrued and miscellaneous liabilities, $164,871;
divil
dend payable Jan. 10, 1945, $483,404; reserves for repairs and main¬
tenance of furnaces, etc., $110,768; reserves for contingencies, $526
000; capital stock (par $10), $4,833,697; capital surplus, $11,597,309earned surplus,
since May 1, 1937, $2,946,924; total, $24,619,756-1
W. Robertson.
A.
expenses
(banks), $1,500,000; accounts payable
salaries and wages, incl. provision for
payable
Liabilities—Notes
retroactive
Chairman, disclosed on May 23.
confidence, however, that -"'there will be a steady
expressed
He
4
contracts at the Westing-
cutbacks of war
in
increase
Electric Corp, already reflects
requirements,
prepaid
charges,
(trade)
moderate
A
house
deposits, $140,829; sundry other
$49,267; total, $24,619,756.
insurance
deferred
000,000—
tary
232.
p.
Corp.—Cutbacks Seen Hasten¬
Appliance Production—Backlog Totals Nearly $600,-
Westinghouse Electric
Adjuste
Certificates,, will
matui
1945, when the fac
of the bonds and intere:
June 15,
amount
for the full nine-year period wi
be payable. Payment will be mad
the bonds t
Federal Reserve Bank or to th
upon presentation of
a
Treasurer
of
United
the
Washington, D. C.
State
The amour
of
due
$63.50,
whic
in
includes $50 principal and
$13-5
we
them and how unbounded
on
each bond is
interest.
accrue
No further interest
after June
15, 1945.
wi
THE COMMERCIAL &
Number 4389
161
Volume
FINANCIAL CHRONICLE
2379
1944
:
As of
April I•
Department of Agriculture, at Washington on April 10 is¬
sued its crop report as of April 1, 1945, which we give below:
National crop prospects are now *——
—
better
than they were a | northern plains and temperatures
even
below
excellent start.
Ranges are a little late in the Far
West but prospects appear favor¬
able in nearly the whole range
area.
The winter wheat crop is
have
tures
• an
the
not
but
;,
orchards
pockets
have
and
Where
the
frosty
only:
still be possible, but
danger
of further
the
outlook
favorable
and in
uncertain.
a
until
frosts
has
will remain
for fruits
west
of
the
Prospects
the Southern
cit¬
and Southeastern peach States.
rus
does not appear
to
have been
important in the
main New York or Michigan fruit
Damage
flood
much
the
varieties ~ will
some
fruit.
Rockies
a
in
trees
appear
and
of
east
in
In commercial
surrounding
mark
small
a
blossoms
belts
some
little
would
has been greatly
belts
or
far
so
along the south shore of
Lake
larger
Erie, but further losses are
improbable.
Damage varied
not
wet that no field
work can be done for weeks, .'In locally in the * Shenandoah area
but was extensive to apples and
this area it is not likely the fulf
planned acreage can be grown peaches, especially in Virginia.
acreage
is
so
warm.
•
million bushels above that of last
and 37 million bushels above
previous winter wheat
crop—that of 1931. The reported
condition of wheat is the highest
since 1919 and the growth is two
to three weeks ahead of normal.
year
the largest
,
March
unusually
of the
was
almost
In
States the average
half
temperature, in
would
On April 1
vegetation in the eastern half of
the country was as far advanced
as
it often is on May 1.
Thus
March
be
was
Wheat
about as high as
came
through the winter
important win¬
well in nearly all
April.
normal in
in
1943.
The
disappear¬
ance is 85,425,000 bushels.
On April 1 farm stocks of wheat
1943)
in
farms
average
the
North
about
10%
than
year and
last
in
twice
than
more
lion in 1941 and with 451 million
Corn
States
than
a
12%
about
were
75%.
of
this
condition
of
other
States
except
All
States.
Western
but
all
in Okla¬
Nebraska
last year
States
other
few
a
All States show
condition better than the 10-year
above last year.
States.
wheat
ter
cover
in
most
Good
areas
snow
furnished
adequate protection and held win¬
ter acreage losses to the lowest
cherries were in full
bloom as far north as the fruit
sections of southwestern Michigan
where the average date of late
frost is after the first of May.
Grass
and
winter grains
have
made an unusually early growth.
plums and
in 25 years.
In addition to
highly favorable condition
early start of spring growth
attended the warm March weather.
Fall moisture was generally suf¬
level
this
the
average
In
Idaho and Cali¬
larger producing
except
fornia.
the
exceeds
other
points above average in Wis¬
above in South
consin to 22 points
Dakota,
farm
bushels,
fourth
are
rye
slightly
or
of
the
one-
over
production,
1944
ago,
April 1 stocks in any
of record.
Stocks in
lower than in most
are
of the past
six years, but in Wis¬
consin, Missouri, and the Plains
to
North Dakota
from
States
Kansas,
stocks
at
are
down
record
high levels, with Minnesota nearrecord.
Disappearance has been
relatively rapid, but in the West¬
ern Corn Belt record
production,
fewer livestock,
shortage of trans¬
port facilities and the high mois¬
content of the
ture
in
factors
been
corn
1
were
all have
keeping
stocks of corn on farms.
Farm reserves of corn
on
large
April
larger in all sections than
earlier.
In North Atlantic
current
year
States
stocks
were
22%
larger than a year earlier and ap¬
proximately equal to the 1934-43
average; in South Atlantic States,
12% larger, and 7% above aver¬
in South Central States only
larger, but at the average
level; in the West about one-fifth
larger than either last year or
age;
the
average.
Stocks—Stock of oats
Oats
farms
April
1,
are
430,477,000 bushels.
on
estimated at
This is equi¬
of the 1944 crop-
practically the same as the per¬
centage of the 1943 crop on farms
April 1 last year. Current stocks,
however,
are
nearly
15,000,000
bushels or almost 4% larger than
a
year
ago
and 11% larger than
farm oats stocks of
current stocks are well below the
the
8,890,000 bushels on farms at this
time last year,
and only about
28%
of
the
24
million bush¬
els on farms April 1, 1943.
This
387,309,000 bushels. In the North
Central
States,
where
roughly
three-fourths of the oats are pro¬
the first time that
report marks
farm stocks of rye have been
pub¬
average
However, the
North Central group shows
stocks 12% larger than on
below
East
a
year
ago.
to
promote
good
.
■
.
In the
humid areas where yields of small
grains are often limited by rusts
and
other
diseases, the present
mostly good
to excellent.
high condition does not neces¬
sarily
give
assurance
of good
yields; farther west a good start
at this
but
season
prospects
greatly.
is
more
can
significant,
still
~
change
temperatures appears to
cent low
have
been
on
farms
April
1,
estimated
hand
a
year
219 679.000
year
1
cold
at
the third
largest record in the series which
began in 1927. Farm supplies on
239,083,000 bushels, were
is
ago
bushels
amounted to
and the 10-
(1933-42) average for April
about 163 million bushels.
During the first week of April
Current farm reserves are
wave brought temperatures
close
to
zero
to places
in theialent to about 22% of the
a
In
inconsequential.
Stocks—Stocks of wheat
Wheat
record
equiv-
record
stocks
of
terms
April
on
percentage
compared with 28.5% a year ago
1943.
1,
of
and the 4-year average
the
of 32.0%.
stocks
Nearly half of these barley stocks
are in the three States of Minne¬
the
sota,
year's
previous
current
crop,
are equivalent to
46% of
production for grain, com¬
pared with 40% a year ago and
the average of 46%. .,
Estimated
grain
1944
corn
corn
on
and
crop
years,
previous
cover
from
carryover
by-
farms
as
well
as
Farm
the
that
Dakota
and
South
i
disappearance from Jan.
April 1, 1945, of 48.5 million
busheds, compares with 60 million for the same quarter of 1944
1
from
included
corn
the Government
purchased
and still
on
stocks
farms
North
Dakota, with large amounts also
in
Nebraska, Kansas, Montana,
Idaho and Colorado.
the
quoted
spokesmen
strength
training
as
proposed
can¬
univer¬
a
program.
officers to
Military Affairs Com¬
the House
mittee, this force would consist of
comparatively
a
backed
army
into active duty
trained citi¬
a
in
a
short time.
War De¬
saying
program is adopted
4,500,000
could
be
Congressmen quoted
that
if
the
entire
this
thrown
into
as
in
action
Under
less.
a
spokesman
partment
standing
small
by
up
which could be called
reserve
zen
a
year
or
tentative
present
plans committee members said at
least 4,000,000 of the total would
be
made
of
up
and Na¬
reserves
tional Guard members.
Before this
000
in
men
After
the
there
war
250,-
were
National
Guq^cik
the
of
the
war
size
the
Guard is expected to range some¬
where
between
500,000,
that
figure
and
Army spokesman said.
Department representa¬
tive said that 1,200,000 youths be¬
an
A War
18 years of age every year.
come
Of
this
would
800,000
number, he said,
be
available. for
training.
The Army would train 600,000 and
the
Navy 200,000
In
every year.
statement submitted to the
a
House Military Affairs Committee
last
week,
General
George C.
Marshall, Army Chief of Staff, re¬
ferred to compulsory training as
"essential
the
foundation
of
an
effective national
military organ¬
ization."
He said the only alter¬
native was a large standing army,
which "has no place among the
institutions
of
modern
a
cratic State."
Reported by
N. Y. Stock
As
of
demo¬
-
Net Debits
duced, farm reserves are slightly
lished, by States, as of April 1. oats
fall
Elsewhere in this report is a table
April 1, 1944, while in the West
The,i reported condition of pas¬ growth, and in most sections the
showing farm stocks of rye for North Central group stocks are
tures on April 1 averaged nearly
ground was in condition to absorb the U. S.
by quarterly dates for 7% smaller than a year ago.
a large part of the moisture from
as high as in July, 1942, and higher
the crops of 1939 to 1944.
Between January 1 and April
than on any other date since 1927. melted snow and rains. The April
.'Disappearance
of rye stocks 1 this year the disappearance of
Prospects for pastures, ranges, and 1 indicated yield of 17.4 bushels
from farms January 1 to April 1 oats
amounted
to
319,977,000
hay crops have rarely been bet¬ per seeded acre is approximately
ter at this time
of year.
With one bushel above last year and this year amounted to a little over bushels, the largest disappear¬
4
million
bushels. ; This
com¬
ance.,
except in 1341 and 1943,
the highest since 1942.
one of the earliest springs on rec¬
The ex¬
pares
with almost 514 million in more than a decade.
The dis¬
ord, both milk production per cow pected abandonment is the low¬
bushels for the same period last appearance
in the January 1and egg production per hen ap¬
est since 1919.
year and about 9V2 million bush¬
April 1 period was 289,235,000
pear to have averaged higher dur¬
Although highly favorable con¬ els for the same
quarter of 1943. bushels
last
year,
376,673,000
ing March than at the same sea¬ ditions were nationwide on April
About
55%
of
the
total bushels 2 years ago, 319,408,000
son
in
any
previous year.
As 1, the most favorable prospects
farm
stocks of rye are in the bushels in 1942, and 323,941,000
stocks of feed grain and wheat
are in the States east of the Mis¬
three
States
of
North Dakota, bushels in 1941.
on farms are at near-record levels
souri and north of the Ohio Riv¬
South Dakota and Nebraska, al¬
the production of livestock and
Barley
Stocks—Offering data
ers.
Conditions are nearly as fa¬
though
these
States
produced to help complete the picture of
livestock products should continue
vorable in the Great Plains States,
less than 40 percent of the 1944 stocks of feed
grains on quar¬
heavy.-.
'./{ ■ ' from South Dakota to Texas, and
The North Central States terly dates, farm stocks of barley
Loss
of
winter
wheat
from west to Colorado and New Mex¬ crop.
as
a group have been more than
are estimated
for the first time,
either
winterkilling or drought ico. Leaf rust is quite prevalent,
75% of the total farm stocks of by States, as of April 1.
Current
has been light and reports show
however, in the Southern Plains
farm stocks of barley at about 87
rye.
a
high condition in nearly all States, where it appeared in abun¬
Corn
Stocks—A
near-record million bushels are 6% less than
States.
The April 1 condition of dance last fall, and much of it
the winter.
Wyoming quantity of corn, about 1,340 the 92 million bushels on April 1,
wheat is the highest for the date survived
1944.
The 1940-43 average for
million
bushels,
remained
on
since 1919 and reported condition was too dry last fall and continues
farms on April 1, 1945.
These re¬ the date is 111 mililon bushels.
of rye is the highest since 1914.
dry. Insufficient fall and winter
moisture
curtailed
seedings to serves are 23% larger than a In terms of the preceding year's
Reports
from
12
Southern
production,
the
current
farm
year earlier and 35% above aver¬
States show the condition of win¬ some extent in the Pacific North¬
age, but about 3% less than the stocks are 30.5% of production,
west States. Damage from the re¬
ter oats and winter barley to be
ficient
;
As outlined by Army
2%
valent to 37%
' 1
the lowest for
the date of any of the six years
of record.
Estimated at 6,673,000
of
year
Iowa, and most Corn Belt States
r
Rye /Stock s—April
stocks
a
sal
re¬
year
to the east
States, rye condition ranges from
10
than
corn
nearly 44% more than aver¬
The quantity is about 2%
less than on April 1, 1943, but
a
major
rye-producing
States, condition April 1 this year
from 9 points
homa to 2 points in
over
the same period
farms
more
age.
«■
ranged
Department
that
and
the
with
North
on
1
improvement
decline.
In
quarter.
Central
States
mains
while Oklahoma, a
comparatively
large
producing
State in recent years shows a 1some
War
the
same
one-fourth
North Dakota,
few
the
In
Michigan; 7 points in Pennsyl¬
vania, and 1 point in Kansas.
There has been
no
change in
a
for
v
:
sources
not be reached without
points in Wisconsin and Min¬
point
bushels
>
bushels for the
nesota; 6 points in Nebraska and
show
million
875
to say:
Congressional
saying that a force smaller than
4,500,000 would be inadequate and
equal to
that of April 1, 1914, but other¬
wise the highest since 1910.
Condition
improved
3 points
since December in South Dakota;
4
on
period, set last year, but is a third
larger than the 10-year average
disappeaarnce
of
607 r million
is
year
short notice, it was dis¬
May 12 and announced
on
closed
by the United Press, which went
1
April
The
duty
on
Rye—The April
condition
a
1945, total disappear¬
reaching 806 million bushels.
This is 8% less than the record
less
April
at
Army
months of
about
average
farms
military
to
post-war organization
4,500,000 men available for
of
from
moved
universal
essential
ance
year ago.
(1934-43)
Peace-time
rapid rate during the first three
April 1 farm stocks in the West¬
ern
on
bushels in 1940.
large.
as
In Peacetime Receive
a
South Atlantic and South Central
areas
Army Wants 4 Million
plans for
the
the
on
corn
is
were
area
greater
date
same
Central
loan.
training
(1934-
10-year
Government
April 1, 1945, compared
with 7 million a year earlier, with
116 million on April 1, 1943, with
262 million in 1942, with 299 mil¬
,
>'
^
i
Nearly. everywhere east of the
Rockies
crop
862,515,000 bushels of winter
wheat is in prospect on April 1.
Such a crop would be nearly 100
which can be planted
late. This appears to be the only
large area where farm work has
been seriously delayed so far, or
where crop prospects are definitely
•,,'
record
of
to crops
subnormal.
Wheat—A
Winter
and considerable shifting may oc¬
cur
farms
bushels
moved
from farm storage during the first
quarter in 1944 and the 164,454,000
under
under outstanding 'loans on
were
163,047,000
of
portion of the blossoms on a tree
were killed a nearly full fruit crop
With
records being
broken by
the Red River and
other streams, the area overflowed
will probably pass the millionacre
fruit
Rocky Mountains.
delayed by persistent rains.
previous
the
passed
of
the
year
of
seriously short of rain is
In Arkansas and
portions;
farm dis¬
appearance of 153,340,000 bushels
of wheat from Jan. 1 to April 1
this year is somewhat less than
The
storage.
northern
unusually small.
States farm work
kill
farm
well-located orchards in the main
months, but the area of the coun¬
large
Damage to
complete
About 15 million bushels of
1 condition of
rye is 91% of normal, compared
with 79% on April 1, 1944.
This
is 3 points above the Dec. 1 con¬
dition and 15 points above the 10-
percentage
general rains during March great¬
ly improved moisture conditions
for growing crops and prospects
for irrigation. March rainfall was
light ,, from
western ^ Nebraska
southward and1 Florida has suf¬
fered
from
drought for
some
try now
places
extensive, ranging
attempt to grow fruit, to
:
,
crops
some
recover.
nearly
a
clover,
field
in
early fruit blossoms in the higher
plains area, where few farmers
Mountains
Rocky
the
of
should
from
other
back
fruit crops was
producing States. Stocks of feed
grain and wheat on farms are at
West
to
seems
Alfalfa,
v
and
frozen
were
vanced for the season in the main
near-record .level.
damage is
Wheat
injury.
lespedeza
ad¬
well
fairly
yet known.
parent
seeding 6f spring small
appears
of the
have escaped with little or no ap¬
estimated
at
863,000,000
bushels. This is a hundred million
bushels above prospects last De¬
cember and would be the largest
winter wheat crop ever produced.
Other winter grains are in good
grains
northern half of the country.
The full extent
now
shape. The
20
degrees in northern
Texas.
Night temperatures
dropped below freezing in most of
Hay crops and pas¬
ago.
sealed
of the 1943 wheat crop was
in
The
month
production. A year ago about
26%
Agricultural Department General Crop Report
the
Exchange
close
of
business
oft
Monday, April 30, member firms
of the New York Stock
carrying
margin
Exchange
accounts
re¬
total customers' net debit
balances (includes all securities,
commodity and other accounts;
ported
does
in
include
not
which
debit
held
accounts
members
are
balances
for other firms
of
national
securities exchanges, or "own" ac¬
counts
of reporting
counts of
amounted
against
Credit
U.
or
ac¬
$1,064,812,676,
to
*$ 1,033,664,794
31.
March
on
firms,
partners of those firms)
j V
extended
o n
>;
.
to
customers
Government
S.
obligations
(not included in net debit balance
was $106,462,229, compared
,:,$108,757,142 at the grid of
total)
with
March.
-
,«
Cash
clusive
balances
of
the
under
;
hand and in banks (ex¬
on
Commodity
segregated
Exchange
Act), $248,868,356, against $241,397,193 in the last report.;
1
Total
customers'
of
free* credit
balances
(does not include credit
balances
in
regulated commodity
free
accounts,
or
held
other
for
credit .balances
which
firms
are
members of national securities ex¬
credit
balances
held for the accounts of
reporting
changes,
firms
or
firms)
of
was
compared
month
free
or
of
partners
those
shown at $575,004,537,
with
$553,329,498
one
ago.
"•Revised.
to
and the 4-year average
of 72 mil-
lion
bushels
quarterly
as
by
shown
estimates.
»
.
S
these
City Department
State and
NEGOTIATIONS
BOND PROPOSALS AND
Sale—The
$150,000
gen¬
obligation bonds offered for
May 16—v. 161, p. 1929—
were awarded to the Seattle-First
eral
sale
on
and Blyth & Co.,
both of Seattle, jointly, for l%s, at
a price of 100.52, a basis of about
1.435%. Dated June 1, 1945. De¬
nomination $1,000.* These bonds
are
due as follows:
$5,000 June
National Bank,
and Dec.
Information—In con¬
Arkansas (State of)
nection with the previous report
April Tax Collections Show In¬ that the City Council had adopted
crease Over 1944—Gross tax col¬
on
May 7, a refunding bond or¬
lections of Arkansas for April of
dinance, we now learn that this
this year were up to $2,820,668, as
ordinance provides for the issu¬
compared with $2,594,166 in the ance of bonds for the purpose of
1,
$7,000
on
June 1 and
1, 1961, $8,000 on
June 1 and Dec. 1, from 1962 to
1964, and $7,000 on June 1, 1965.
The next highest bidder was Pa¬
cific Northwest Company, Wm. P.
TIarper & Son & Co., and F. Brittain Kennedy & Co., jointly, for
IV2S, at a price of 100.07.
clusive,
$8,000 on
month last year, it was re¬
$819,805.
first ten months of the
For the
Dec.
fiscal
the
of
collections
tax
1,
total
state
were
July
started
year
$30,447,105, as compared with $29,622,930 in the similar 1944 period.
Auto license fees were $3,704,468,
against $3,546,594, and gasoline
taxes $9,167,799 as compared with
as
$8,889,615.
For the 1944 calendar year, gross
ARIZONA
Gila County
School
Districts,
Housing
County Treasurer, called for pay¬
on May
14, the following
warrants:
Elementary Sch. Dist. No. 24,
all warrants registered on or befor May
14, 1945.
Elementary Sch. Dist. No. 33,
all warrants registered on or be¬
fore May 14, 1945.
High Sch. Dist. No. 26, all war¬
rants registered on or before May
14, 1945. '
ceased
on
called.
date
■
,
Board
receive
of
Supervisors, will
10 A.M.
bids until
sealed
$36,330,369
$36,123,722.
Validated
Act
The
—
State Supreme
Court on April 30
upheld the constitutionality of a
1937 Arkansas act authorizing the
creation of housing authorities in
and
counties
class
and
a
cities
1941
of
the
first
amendment
au¬
thorizing regional authorities. The
high tribunal affirmed a decree
of Chancellor Frank H. Dodge in
a
case
in the Southern District of
Prairie
Court.
brought by A.
Kerr and others, challenging
corporate existence of the
C.
the
Chancery
County
The appeal
Souza also states that he will
ceive sealed bids at the
same
re¬
time
the, following school coupon
aggregating $491,000.
>
bonds
$400,000 Sch. Dis. No. 8 bonds, not
exceeding 4%. Dated July 1,
1945.
to
*
Due
1965.
65,000
Sch.
$20,000 July 1, 1946
Interest J-J.
Dist,
No.
bonds,
21
not
exceeding 4%. Dated June
1, 1945. Due June 1, as follows: $7,000 in 1946 to 1950,
and
$6,000 in 1951 to 1955.
was
Central
Arkansas
Regional
Housing Authority and the powers
given the authority under Act 298
of 1937 as amended by Act 352 of
and
these bonds
Sept. 1, 1945, and
on
publish the
call notice on Aug. 1, 1945.
This ordinance implements the
clerk
the
directs
associates guarantee a
that
of the several
property
fuge.
and
■
the
V
charged
that
Arkansas
Central
East
•
,
complaint
Re¬
gional Housing Authority in April,
1942, had
contracted with
the
United States agency for a loan
of $675,000 to be used in con¬
structing 313 houses in 14 desig¬
nated
cost
counties
at
of $825,000.
It
Central
East
an
estimated
was
proposed
assume
an
in¬
on
Jan. 1, 1946 to
and after Jan. 1,
1952, at 102; on
1, 1953 to Jan. 1,
1955, at 101; and thereafter at par
after
from
1,
Jan.
funds
from
derived
any
Principal
and
interest
(J-J) payable at the Commercial
38
follows:
$2,000
in
1947
1948, and $6,000 in 1949.
and
In-
^gj'ggl j-D
Sch.
Dist.
No.
38
bonds,
not
June
follows:
National
Bank, Little Rock. The
bonds are secured by and enjoy a
first claim
duced
the net
on
by
7-mill
a
the electors of the
Denomination
$1,000. No bids
and accrued in¬
for less than par
terest to date of delivery will be
considered. Delivery to be made
Phoenix.
The
purchasers
will
.be furnished with certified
copies
transcripts of the proceed¬
ings so that same may be passed
upon
by the attorneys of such
of the
constitutional.
tax
ion
prepared
Griffin
by
Chief
Justice
Smith, that "public policy
voted
by
bide
for, payable
County Treasurer.
to
the
voted
a
continuing
property
within
throughout
the
Bryant
School
District,
Ark.
n.m.
on
June 7 for the pur¬
chase of $10,000 school bonds.
Due
by
of
the
District
of
the
issue,
a
pledge of that part of the
sources
and
other
(3)
property
a
than
the
mortgage
owned
sales
on
by the
all
tax,
real
District.
Legality aporoved by Chapman &
i Cutler, of Chicago.
to
$41,012,622
3%
sales and
use
County, Pleasant Hill
District
(P.
O.
Bond
Offering—W,
of
New
York
Dec.
The offer for sale of the above
described bonds is subject to the
following terms and conditions:
Bids
state
must
of
be for each
bonds.
the total
Each
dollar
paid, exclusive of
must
price to be
inter¬
;/'■
right is reserved to reject
any or all bids received.
The bonds will be sold for cash
only, with accrued interest to date
of delivery added to the bids.
All
bids
shall
be
for
delivery
and
payment on June 1, 1945, at
the office of the State
Treasurer,
upon
paymeht by either certified
cashier's
or
check
in
Sacramento
funds, payable to the State Treasurer.
The
successful
purchasers
furnish
invoices
itemized
by purpose,
and
in
will
duplicate,
coupon rate,
maturity, and showing dollar
and accrued
price
Legal
interest.
opinions
will
oe
fur¬
nished.
bids until
the
11
a.
purchase
m.
ment securities.
General
•
.
Fund
Receipts Show
Increase—Total receipts of the
btate of California
general fund
VLr? eii?ht months from July 1,
1?oi ^Jarc^ 31, 1945, amounted
00
o
,$?^,123,361,
the
834 in
up from $203,432,-
similar preceding peri¬
od, Harry B. Riley, state control¬
ler, reported recently.
Total
disbursements
for
the
^^Period
are UP from $159,475,767 to $251,730,923.
This in¬
crease was
brought about largely
by the transfer of
$75,000,000 to
the
postwar
fund and
employment
$33,000,000
to
the
lotal
teachers'
reserve
transferred
permanent
fund,
educational apportionments
were
up $1,093,519 for the
period.
As of March
31, the general fund
cash
as
June 4 for
on
of
$70,000
school
bonds, not exceeding 5% interest.
Dated
July 1, 1945. Denomina¬
Due $3,000 in 1946 to
tion $1,000.'
1955, and $4,000 in 1956 to 1965,
Principal and interest (J-J) pay¬
able
the
at
office.
the
County
Treasurer's
The bonds will be sold to
highest and most responsible
bidder for cash and lowest net in¬
to the District.
The legal
opinion of Orrick, Dahlquist, Neff
& Herrington, of San
Francisco,
as to
the validity of said bonds,
terest
will be delivered to the successful
bidder free of charge.
No condi¬
bids
will
be
considered.
tional
Enclose
of the
certified
a
bonds
bid
check for 5%
for, payable to
the County Treasurer.
Hollister, Cal.
a
recent elec-*
ance
the issu¬
of $400,000 bonds by a count
of 810 to 55.
Of the
will
be
the
Hollister
total, $340,000
the purchase of
for
used
Water
Company's
system and the remainder will be
Los
Angeles Acquisition and Im-
provement District No. 38, Cal.
Bond Call—Clifford K. Steele,
has announced
following
bonds
are
called for payment on July 2. The
City
Treasurer,
that
the
of
$20,713.60 is available for
cancellation, by
the purchase and
the
issued under
City, of bonds
of June
date
5, 1939, for the re¬
funding of the indebtedness of
said District under the Refunding
Assessment
Bank
of
Act
1935:
Bond No.
130, for $1,000, Nos. 131
and 132, for $500 each, and No.
133, for $356.80, maturing July 2,
1946; Nos. 134 to 149,i;for $1,000
each, Nos. 150 and 151, for $500
each, and No. 152 for $356.80,
maturing July 2, 1947, No. 153, for
$1,000 maturing July 2, 1948. Pay¬
able at the City Treasurer's office
at par and accrued interest. Inter¬
est
ceases
on
date called.
Los
Angeles County, Bell Flower
School District, Cal.
Bond Offering—J. F. Moroney,
County Clerk, will receive sealed
bids until 10 A.M. on June 5 for
the
Proceeds from this sale will be
invested in United States
Govern¬
+
Paasch,
County Clerk, will receive sealed
sum
separate
bid
accrued
est.
The
T.
used for improvements.
Authority bonds.
Due
15, 1976. Interest J-D.
block
Martinez),
Cal.
tion the voters approved
V
Port
from
derived from the
retail
tax.
enues were
;;
'
Block
185,000
slightly in
Jan.
Interest J-D.
all taxable
on
life
tax
State apportionment derived from
until 8
certified check
District, secured
bly; not by courts."
for 5% of the total amount of each
a
the
(2)
issue
Enclose
(1)
of
is declared by the General Assem¬
Bond Offering — Ralph Bishop,
Superintendent of the Board of
Education, will receive sealed bids
bidders.
tions
7 mills to be levied
The high court held in an opin¬
Municipal
bonds.
50,000 3% Port of New York Au¬
thority (to be called for re¬
demption at 103 on Dec. 1,
1945) bonds. Due Dec. 1,1975.
District, which
tax
down
Bonds Voted—At
revenue pro¬
debtedness of
attempt to exempt the
authority from taxation was un¬
Marin
Dist.
source.
statutory
No.
*
Block IV
after
and
on
dipped
$44,573,166 and receipts from un¬
employment insurance taxes were
down to $120,715,016 from $126798,281.
Most of the fund's rev¬
1, 1965. Interest J-J.-
refunding bonds
1948, at 103;
1949 to July
Kerr's
5%
Water
recently were awarded
date
;
Block III
85,000
terest J-D.
Dist.
terest J-J.
$1,030,000 2%
fees
'mo-
miscellaneous
the latest period. Bank and
corpo¬
ration franchise and income
Contra Costa
$132,000
1%%
California Toll
Bridge Authority, San Fran¬
cisco-Oakland Bay Toll Bridge
District, Ark.
Sale—The
Bond
highway
School
Block I
Special School
North Little Rock
from $32,384,905.33, while
taxes
amounting to $1,526,000:
bid of par.
up
1944. Net gasoline taxes
period were $33,014 557
.
tor vehicle fees and
were
(State of)
Offering—Earl
California
,
exceeding
4%.
Dated
1, 1945. Due June 1, as
$6,000 in 1950, and
$5,000 in 1951 and 1952. In¬
Sch.
bonds,
not
exceeding
4%.
Dated
June 1, 1945. Due June 1, as
at
May 8.
on
to
must
be
levied
annually
$164,200 outstanding against all the taxable property
against the Lonoke County Au¬ therein until all bonds of this issue
thority. Act 298 provided for this and interest thereon are
paid. The
procedure. Act 352 also authorizes
net
revenue
derived
from
the
counties to make appropriations
for the payment of administrative 7-mill annual tax is paid into the
costs incident to a regional au¬
District's building fund which is
thority.
employed for the payment of debt
The complaint alleged further
service.
Said bonds are, in the
that the purpose of the proposed
project was private, hence the opinion of counsel, direct obliga¬
16,000
bonds was fav¬
orably voted at the election held
provisions of a contract executed
on Feb 5,
1945, with T. J. Raney
sinking fund revenue bonds.
&
Sons
and
associates,
under
Due Sept.
1, 1962. Interest
which the above-mentioned bonds
■>'.•■ M-S. 'V V:;
will be exchanged for new 2%
Block II
bonds due 1946 to 1963, callable
1,074,000 5% East Bay Municipal
1948, which new bonds may, at the
Utility Dist. bonds. Due Jan.
option of T. J. Raney & Sons and
1, as follows: $3,000 in 1960,
associates,
be
converted
into
:
$8,000 in 1961, $11,000 in 1962,
bonds of a lower coupon interest
$25,000 in 1963, $15,000 in
rate and issued in a correspond¬
1964, $23,000 in 1965, $44,000
ingly increased'par amount.
If
in 1966, $15,000 in 1967, $157,the refunding agents are unable
000 in 1968, $169,000 in 1969,
to exchange all of the outstanding
$35,000 in 1970, $165,000 in
bonds before Aug. 1,1945, the City
1971, $192,000 in 1972, $52,agrees
to call the outstanding
000 in 1973, $111,000 in 1974,
bonds and advertise for sale the
$19,000 in
1975, $10,000 in
new
bonds
not
exchanged for
1976, and $20,000 in 1977. In¬
which T. J. Raney & Sons and
authorities should be exempt from
taxation was in effect a subter¬
that
Interest J-D.
10,000
of $750,-
Bonds Voted—An issue
$325,000
refunding
on
June
18 for the prchase of
$250,000 coupon school bonds, not
exceeding 3% interest. Dated June
'1, 1945. Denomination $1,000. Due
The high court held that the
1955
and
1956, $32,000 in 1957,
June 1, as follows: $12,000 in 1946,
Chancellor had not erred in sus¬ $33,000 in 1958 and 1959, $34,000
$13,000 in 1947, and $25,000 in
taining a demurrer to Kerr's com¬ in 1960 and 1961, $35,000 in 1962,
1948 to 1956. No bids for less than
plaint which alleged that a differ¬ $36,000 in 1963 and 1964, $37,000
par and accrued interest to date
ence
exists
between
authority in 1965, $38,000 in 1966, $39,000 in
of
delivery will be considered.
given by the 1937 Act and that 1967 and 1968, $40,000 in 1969,
Delivery to be made at Phoenix.
attempted to be given by Act 352 $41,000 in 1970 and 1971, $42,000
The purchaser will be furnished
of 1941. It was charged that while in 1972, $43,000 in 1973 and 1974,
with a certified copy of the trans¬
elimination of slums and unsani¬ and $44,000 in 1975.
Callable in
cript of the proceedings so that
tary dwellings in a city may be inverse numerical order 011 any
the same may be passed upon by
justified as a public purpose be¬ interest paying date at par and
the attorney for such bidder. En¬
cause
of the
greater danger of accrued interest with money from
close
a
certified check for 5%
contagion in urban areas, the same surplus in the building fund only;
of the amount bid, payable to the
risks do not attach in rural dis¬
and not with money from
any
County Treasurer.
tricts—hence the legislative find¬ other source. The bonds are also
Additional Offering — Mr. De¬ ings that the purpose was public callable on any interest paying
for
Arcadia, Cal.
000 sewer system
offered for sale
to Raney
6 Sons, of Little Rock, and the
Equitable Securities Corp., jointly.
1941. - Counties included
in the
Dated May 1, 1945.
Denomina¬
regional authority included Cle¬ tion $1,000. Due Jan. 1, as follows:
burne, Faulkner, Monroe, Phillips, $25,000 in 1946, $26,000 in 1947 and
Prairie,
Van
Buren, Woodruff, 1948, $27,000 in 1949, $28,000 in
Conway, Lee, Perry, Pope, Stone, 1950 and 1951, $29,000 in 1952 and
White and Lonoke.
1953, $30,000 in 1954, $31,000 in
East
Maricopa County Phoenix Union
High School District (P. O.
'.
Phoenix), Ariz.
J
Bond Offering—J. E. DeSouza,
to
rose
from the .1943 total of
Ariz.
ment
Interest
collections
tax
Elementary and High
Warrant Call—Elton S. Bryant,
Clerk
V'
Portfolio
W.
outstanding
ported recently by Otho A. Cook, 2y2% Airport Improvement bonds Chapman, Executive Secretary of
commissioner of revenue.
Auto
the State Employees' Retirement
dated Oct.
1, 1940, due serially
license
fees
were
$96,694,
as
System, will receive sealed bids
1946 to 1968 and callable on March
against $82,389, and gasoline taxes 1 or Sept. 1 in any year. The or¬ until 11 a.m. on May 29 for the
were $884,397,
as compared with dinance
from 1953 to 1960 in¬
provides for the call of purchase of the following bonds
same
the
for
Additional
Ketchikan, Alaska
Bond
March 31,
CALIFORNIA
Little Rock. Ark.
;
ARKANSAS
ALASKA
I
Monday, May 28, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2380
excess
totaled
compared with
$114,420 770
$128,189,693
on
purchase of $275,000 school
bonds, not exceeding 5% interest.
Dated June 1, 1945. Denomina¬
tion $1,000.- Due June 1, as fol¬
lows: $14,000 in 1946 to 1960, and
$13,000 in 1961 to 1965. Rate of
interest to be in multiples of Va of
1%. These are the bonds author¬
ized at the election held on
April
12.
Principal and interest payable
at the County Treasury.
Each bid
must state that the bidder offers
par and
accrued interest to the
date
of
delivery, and state sepa¬
premium, if any, and
the
rately the
the rate of interest offered for
bonds bid for.
for
all
or
a
at
interest, and
rate
of
Bids
any
interest
will
be
whether
Each bid,
only
bonds, shall be
portion of said
single rate of
a
varying
rejected.
bid for a
will
be
received
for
any portion of said bonds.
event
that
the
bidder
prooosal to purchase
said
a
all or
In the
submits a
portion
of
bonds, the bid shall designate
specifically the bonds bid for. AH
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4389
yolume 161
bonds sold to a
utilities,
gas
bidder bidding for
revenue
less
than
will
$1,240,000;
bonds to be issued
2381
be
their
face
value,
ited
and
from
withdrawing the
North
pro¬
Miami, Fla.
awarded to that bidder ceeds thereof from the operation
required to
Bond Call—E. May Avil, Town
portion of said bonds shall
finance water utility projects, $1,- naming
the best offer in the of said constitutional provision Clerk, has announced that all out¬
bear the same rate of interest. En¬
090,000; and surplus funds from opinion of the Board, after con¬ during said period.
close a certified check for 3% of
standing
refunding
bonds
are
the
operation
of
city - owned sidering the lowness of the " in¬
Separate bids must be submit¬ called for payment on July 1, as
the bonds bid for, payable to the
cemeteries, $120,000 — making a terest rate named in such bid and ted for each block of bonds in follows: Nos.
Chairman Board of Supervisors.
53/56, 61/66, 68/92,
all or a
Oakland, Cal.
Offering
Bond
Charles
—
R.'
as
total of $2,450,000.
The remaining projects
the further fact that
acceptaole to the Board only if it
all
financed
is
one
over
will be
six-year period
a
of
amount
an
which the bidder is
bid will be
a
less
not
than
City Manager, from current taxes and miscellan¬ $1,000 above the face value of the
announced that he will re¬ eous revenue to the amount of issue. Enclose a certified check
ceive sealed bids until June 21
$883,500; through special assess¬ for 5% of the amount of the
for the purchase of the following ment of property directly bene¬ amount bid.
77 ;.jy'7;.y
bonds amounting to $15,754,000, fited, $370,500; and general obli¬
FLORIDA
authorized at the election held on gation bonds approved by the
Schwanenberger,
.
sanitary
and
storm
$5,311,000
bonds.
sewer
y;
edness at the
4,950,000 street bonds.
,
2,707,000 hall of justice bonds.
1,763,000 library bonds.
600,000 swimming pool bonds.
423.000
recreational
project
bonds.
Bond Offering Being Expedited
"Tribune" of May
—The Oakland
the following report:
$15,754,000 in public im¬
12 carried
With
provements approved with flying
colors by the voters at last Tues¬
day's bond election, plans to make
them come true are being worked
out by city officials.
Immediate sale of the bonds in
the lowest in¬
terest rates in the history of the
United States, is being counseled
order to profit from
City
by investment bankers, said
Charles
Manager
Schwanen-
R.
voters, amounting to $765,000. The
city's outstanding bonded indebt¬
of 1945 will be
end
$32,000, not including the new
bond issue, and this amount will
be paid off during 1946.
Projects to be constructed dur¬
ing
the
six-year
period
were
selected
by
the
city
planning
commission and city council as
citizens,
the city
improve services to
to
necessary
and within the
afford.
Bond
duplicate and be firm
through June 13, 1945. Each bid
ceive
chase
alterations
1
Otero
2
:
3
termine what would be the most
economical and sound plan to sub¬
Council in regard
floating of the bonds.
He
mit to the City
to the
he believed
said
plan could be
a
ready by Thursday's council ses¬
sion.
:
;•
the
■
between the council
library board, city
Meeting
and
city
other
and
commission,
planning
,,
11,
No.
Dist.
Sch.
County
Colo.
Called—
Warrants
and
Bond
County
Treasurer, calls for payment on
June 1, the following evidences of
Edward
T.
Oberling,
ches,
aside
the
for which the voters-set
$1,763,000, are to be held in
near
future. ; Similar meetings
$2,707,000 justice
to decide on the
and police building,
construction of
the locations
swim¬
five
and
$600,000 and
also.
Plans for the $4,950,000 worth
of street improvements and $5,ming
pools
cost
to
other factors, are slated soon
311,000 worth of storm and
tary
partially
are
sewers
sani¬
com¬
pleted according to Walter N.
Frickstad, city superintendent of
streets.
All of these improve¬
will
ments
bonds
San
paid
be
for
by :the
approved last Tuesday.
...
Cal.
Bond Action
CONNECTICUT
Connecticut
is
Committee
proved
said
of
a
Old Saybrook. The
provides for the crea¬
tion of
five-man commission to
and
for
plan
new span.
is
authority
issue
to
urer
ders
the
an
estimated
announced
has
that
no
ten¬
above
refunding
district's
',::■■■ ■'77y7:7
bonds.:;
$6,000,000
in
Roads, Rivers and Bridges
and was sent to the
Finance Committee for considera¬
tion insofar as the issue of
the construction of
has
■
bonds
v'V
/-^!:'y.
District No. 3
approved the launching
—
Herman
20,
1945,
amount in
April, the International
City Managers Association reports.
The project and means of fi¬
nancing it were outlined in a 23page booklet distributed widely
one
for $750. These
prior to the referendum..
The construction program
for
be financed
"without
over a
will
six-year period
increasing
city tax levy of $1.40
the
per
present
$100 val¬
uation.
More than half the total
amount
needed
self
will
come
from
departments:
earnings of the electric, water and
supporting
of School Trustees,
purchase of $18,750 series
11
of 1945,
school bonds, not exceed¬
21/2% interest.
Dated June
Denomination
i/8
1%
all of the
are
the School Building
of the State.
Principal and
visions
Law
of
(J-D) payable at the Farm¬
ers Bank, Wilmington.
Bids may
be made subject to the opinion of
P Warren Green, of Wilmington.
int.
The
bonds
shall
not
be sold at
$2,000 Volusia Co., Orange
City-Lake Helen Spec. Road
and Bridge Dist., refunding,
4% bonds. Dated July 1, 1939.
1951.
$1,000,
and must be the same
bonds. The bonds
issued by virtue of the pro¬
of
be
ap¬
pur¬
the office
of
Treasurer, Tallahassee.
The right is reserved to reject any
and all bids. The approving opin¬
ions of nationally recognized bond
attorneys will be furnished the
date
until
for
Senate Passes Measure for State
The
—i
Municipal
Senate
has
Bond
passed
and forwarded to the House
bill
a
under which counties and munic¬
ipalities
would
be
authorized
to
tration
to
pass
of
the
on
financial
proposed
is¬
bond
7. 77-77yyy'77''
sues.
10
the
$1,000 July 1, 1949 and
July 1, 1945 and subse¬
quent coupons attached.
The
bonds
are
secured
by
a
pledge of the full faith, credit and
taxing power of the issuing coun¬
ty's distributive share of a tax of
cents per gallon on sales of
two
gasoline or other like products of
petroleum accruing under Section
16 of Article IX of the Constitu¬
of
which the Legislature, of the State
tion of the State, by the terms
is
A.M. (EWT) on May 26
purchase of the following
issue of 1944
reauired
to
continue the
levy
of said tax for a Deriod of 50 years
from Jan.
1, 1943, and is prohib¬
bonds, amounting to
$41,000:
3%
$9,000
General
bonds.
Refunding
Due June
1, 1952.
32,000 3V2% General Refunding
bonds. Due June 1, as follows:
V $14,000
in 1954, $15,000
in
1955, and $3,000 in 1956.
Dated
allow the State Board of Adminis¬
soundness
called.
(P. Of
Okeechobee), Fla.
Bond Offering—Roy R. Raulerson, Clerk Board of County Com¬
missioners will receive sealed bids
successful bidder.
of
at¬
coupons
Okeechobee County
and
First
and
^
June
1, 1944. Principal
(J-D) payable at the
interest
National
the
of
Bank
bonds
Chicago,
be
to
are
accom¬
approving the measure
by a vote of 18 to 13, the Senate
adopted an amendment providing
panied with the approving opinion
that
25%
will
could
petition the board to
proposed bond issue if
Prior to
on
a
of
affected
taxpayers
pass
au¬
thorities refused to submit the is¬
to the
sue
board.
In its original
taxpayer
could
form
a
force
consideration
single
of
the
issue
Bond Call—H. M.
Morton, City
Treasurer
that
all
has
outstanding
re¬
Co., New York City.
1945, refunding bonds offered
on May 22—v. 161, p. 2271
for sale
the
to
Bank
of
Melbourne, of Melbourne, as 1.40s,
at price of par. Dated July 1, 1945.
These bonds are due on July 1,
was
next
The
1961.
bidder
highest
Florida National
attached,
and
bidders
accept delivery and
must agree to
make
the
Fuller,
E.
Call—A.
Di¬
of
the
form
Orange
tered
as
to
both
unless
check
for
2%
bonds
on
County (P.
originally
May 19.
Orlando),
O.
Fla.
Bond
series
Sale—The
of
offered
the
p.
Bank
$231,000 SBA,
bonds
May 22 —
refunding
1945,
for
161,
v.
sale
on
2272— were awarded to
of Melbourne, of Mel¬
1.40s, at price of par.
as
July 1, 1945. These bonds
on
July 1,, as follows:
$115,000 in 1963, and $116,000 in
due
are
1964. The next
highest bidder
National
Florida
regis¬
principal
and
Bank,
was
Jackson¬
ville, and Clyde C. Pierce Corp.,
jointly, for V/zs, at a price of
100.14.
Polk
Special Road and
County
Bridge Districts (P. O. Bartow),
Fla.
Sale—The
Bond
the
following
of
Bank
of Melbourne
SBA,
Mel¬
award¬
was
series of
1945, refunding bonds amounting
to $107,000, offered on May 22—161,
2272:
p.
7'q7'V;
special
$31,000
road
district No. 10
special
22,000
and
bridge
bonds.
road
and
bridge
district No. 3 bonds.
special
30,000
road
and
bridge
district No. 9 bonds.
special
24,000
road
and
bridge
district No. 12 bonds.
after
accompanied,
the
are
advertised for sale
July 1, 1945, on sur¬
render of said bonds, in negotiable
or
prior to May 31, 1945.
par
These
principal
amount of said bonds will be made
on
bonds at
of Chi¬
value of the bonds,
payable to the Board'of County
Commissioners.
^
^
of Finance,
Payment
Bank
certified
a
the
the
National
cago, on or
v.
has announced
that $550,000 of the outstanding
bonds of 1944, series GM, Nos. 1
1965.
for
payment
First
Bank, Jack¬
Miami, Fla.
Bond
interest
Dated
Hillsborough County
awarded
The bonds
with
sequent
bourne,
(P. O. Tampa), Fla.
Bond Sale—The $135,000 series
of
delivered
due Dec. 1, 1945, and sub¬
an¬
funding bonds, amounting to $1,980,145.17, dated July 1, 1937, ma¬
turing on July 1, 1972, and re¬
deemable at par and accrued in¬
terest
on
any
interest payment
date, are called for redemption
on
July 1, at the Manufacturers
Trust
be
-
coupons
of
Fort Pierce. Fla.
and
Caldwell, Marshall, Trimble &
Mitchell of New York.
Enclose
by the board.
Clerk
of
to 550, are called for payment on
July 1, 1945. Dated July 1, 1944.
These bonds are due on July 1,
Due
bonds are due
$1,000 on June 1, 1946 to 1963,
and $750 on Mar. 20, 1964.
Rate
of interest to be in multiples of
The
unmatured
rector
Due $1,000
$2,000 July 1, 1946 to
1948. July 1, 1945 and subse¬
quent coupons attached.
coupon
ing
tached, at the First National Bank
of Chicago, 111. Interest ceases on
ed
Due
Kumme,
a
tion
sequent
of 100.70.
*•77777- -/'7 7.777
$6,000 Volusia Co., Orange
City-Lake Helen Spec. Road
and Bridge Dist., refunding,
4% bonds. Dated July 1, 1939.
L.
Chairman of the Board
calls for sealed
bids until noon on June 7 for the
$4,500,000 post-war construc¬
program
to be carried out
over a six-year period.
Only $765,000—or about 18%—
of the total
money outlay will
need to be borrowed, and voters
okayed a bond issue for this
of
ac¬
State
Supervision
be
par
that accrued interest evi¬
by coupons due on that
presentation with all sub¬
sequent coupons attached.
10
School
(P. O. Wilmington),
Offering
be delivered at
the
called, at
on
Volusia Co., D e L e o n
Springs-Glenwood Spec. Road
and Bridge Dist., refunding,
bonds.
Dated
July
1,
4%
■
$6,000
Del.
Bond
will
bonds will
date
tax
if
attached.
bidders
Said
on
denced
date,
bourne
1939.
DELAWARE
Colo.
plus
July 1, 1945
and 1946, 1948 to 1950, and
1968.
July 1, 1945 and sub¬
9
dormitories, a
'.
should
1, 1972.
redeemed
sonville,
and Clyde C.
Pierce
Corp., jointly, for 1.60s, at a price
y'q tached.
Castle County, Arden
Program—This
Construction
city
July 1, 1948. July 1, 1945
and subsequent coupons at*
and a university
at the University of
Connecticut.
will
Due
student building
auditorium
Separate
Jan.
price of said bonds, which
July
$6,000
Volusia
Co., New
Smyrna
Spec. Road and
Bridge Dist., refunding, 4%
bonds.
Dated July
1, 1939.
concerned.
was
checks
check
not
are
—were
8
Committee
New
City to Launch $4.500,000 PostMar
1, 1939.
follows: $8,000
in 1947, and $2,000 in 1949.
July 1, 1945 and subsequent
coupons attached. .
the provisions
The bill had previ¬
bill.
the
Dated
bonds.
bridge bonds to pay for the struc¬
ously been approved by the legis¬
each
successful
Due July 1, as
ture, according to
COLORADO
Colorado Springs,
Co., New
S m y r n a
Spec. Road
and
Bridge Dist., refunding, 4%
Volusia
$10,000
The
cost
received on May 21, of
were
7
thereof.
remittances
nounced
July 1, 1939. Due July 1, 1953.
July 1, 1945 and subsequent
coupons attached.
w'ith
invested
commission
July 1, 1945
coupons at¬
$4,000 Volusia Co., Turnbull
Spec. Road and Bridge Dist.,
refunding, 4% bonds. Dated
the
supervise
to
construction of the
of
Bond Issue Authorized — On
$20,000,000.
y;''k;
;:v7 April 16, the House of Represen¬
tatives ;passed a bill authorizing
South Gate Acquisition and Im¬
the State to issue $2,980,000 in
provement District No. 4, Cal.
No Tenders—The
City Treas¬ self-liquidating bonds to finance
at
$20,000 Volusia Co., Turnbull
Spec. Road and Bridge Dist..
refunding, 4% bonds. Dated
July 1, 1939. Due July 1, as
follows: $3,000 in
1947, and
Old Lyme and
a
Bay
$20,000 Sumter Co., road and
bridge refunding, 4% bonds.
Dated July 1, 1940. Due July
River
lative
Recommended—On
May 16, the Board of Supervisors
voted to give early consideration
to the plan to expand the City's
airport
6
143, 150/154, 174/176, 184,189/192,
195/197, 232/236, 296/307, 332/331,
338/344, 347, 375/380, 394, 395,398,
402, 403, and 406/408, for $1,000
each, and Nos. 359/361 and 373 for
$500 each. Dated Jan. 1, 1942. Due
proceeds of the good faith checks
tached.
ap¬
measure
stamps
Issues
bridge over
between
new
Connecticut
bankable
company
bonds
of
$17,000 in 1948.
and subsequent
bill calling for the con¬
a
struction
the
have
to
p.m.
pur¬
$57,000 Lake Co., Spec. Road
and Bridge Dist. No. 7, re¬
funding, 4%
bonds.
Dated
July 1, 1939. Due July 1, as
follows: $3,000 in 1948, $5,000
in 1949, $13,000 in 1950, $16,000 in 1951, $11,000 in 1952,
$8,000 in 1953, and $1,000 in
1956. July 1, 1945 and subse¬
quent coupons attached.
(State of)
River Bridge
Favored—The Legislative Finance
the
Certified
plied to the payment of the
Connecticut
New
of
(City and County),
Francisco
5
;
and four bran¬
main library
3
the
a sum
104,
107/113,
118,
119,
121/126, 128, 129, 132, 134, 136/140,
of the par value of
for.
fraction
or
1, 1952. July 1, 1945 and sub¬
sequent coupons attached.
also called
including May 3, are
for payment.:
until
12 for
Administration, in
bid
chase
Bond No.
interested bodies in regard to the
new
4
debt:
2, dated June 1, 1935.
Bond No. 2, dated Junq 1, 1939.
All warrants registered to and
bids
June
re¬
Co., highway re¬
funding, ser. A, 3V4% bonds.
Dated Aug. 1, 1941. Due Aug.
1, 1957. Aug. 1, 1945 and subseqent coupons attached.
$15,000 Bay Co., highway re¬
funding, ser. A, 3V4% bonds.
Dated Aug. 1, 1941. Due Aug.
1, 1958. Aug. 1, 1945 and subsequent coupons attached.
proach to railroad undercrossing,
and downtown comfort stations.
said he would
week with repre¬
sentatives of various banks to de¬
of
$10,000
pool, park shelter, municipal golf
course
improvements,
new
ap¬
meet early next
on
by a certi¬
the State
to
96/98,
require Documentary Stamp Tax
at the rate of 10 cents per $100
State
will
payable
equal to 2%
No.
community center and swimming
berg.
-V:-;."
Schwanenberg
check
Board of
Block
hos¬
pital, nurses home and training
school, additional equipment for
the
sewage
disposal plant for
conversion of sludge to fertilizer,
The
following
amounting to $156,000:
amount
memorial
the
to
—
Administration
sealed
(EWT)
can
Projects include a new central
police
station,
three
bungalow
type fire stations, additions and
be accompanied
must
fied
.
Tallahassee), Fla.
Offering
Board of
All bids must be sub¬
in
bonds
Florida (P. O.
interested, but
incorporated in
be
may
letter.
mitted
has
May 8.
bids
These
at
a
est
bonds
price of
bidder
were
par.
was
sold
as
1.40s,
The next high¬
Florida
National
interest, by all Jan. 1, 1946 and
subsequent coupons at the Chemi¬
cal Bank & Trust Co., New York
Bank, Jacksonville, and Clyde C.
Pierce Corp., jointly, for 1V2S, at
a
price of 100.61. The bonds are
Bonds registered as to both
principal and interest must be ac¬
companied by a duly executed as¬
signment in blank on the regis¬
tered owner or his attorney. Cou¬
dated July 1, 1945. Denomination
$1,000, Due on July 1, 1957.
City.
maturing July 1, 1945 and
prior will be paid on presentation
pons
and
surrender
Interest ceases
of
on
said
Miami Beach,
Bond
Sale
coupons.
date called.
Date
Fla.
Indefinite—C.
W. Tomlinson,
City Clerk, reports
that no specific date of sale has
been fixed as yet for the $2,450,000
various
at
the
purposes bonds
election held on
approved
April 24.
St. Petersburg, Fla.
Modern
Transportation
Proposed—The first steps
Systeija
in the
proposed plan for modernizing the
city-owned transportation system
of St. Petersburg, Fla., are to be
the
of obsolete ve¬
modern
trackless trolley coaches, and the
replacement
hicles and equipment by
appointment of the best available
expert as Director of Utilities,
according to a recent statement by
CRv Manager Cerleton F. Sharpe.
The City
Council has already au-
•
•'ll
thorized
'■H
nucleus of the
These
it
•7*'
inary'i phases
■*-
L
of
prelim¬
the
10-year
a
vehicles to
avoid
terioration
in quality
minimize de¬
or
of service."
Their investigation disclosed that
the
at
city's transit system operated
loss
during' recent pre-war
due to almost fully depre¬
ciated an'd out-of-date equipment,
:U
a
years,
i.
and that
**■
*up to 1940 it did not
enough to
tion
cover
earn
annual deprecia¬
charges.
solution
mediate
■s
lies Ah
of this
Packless
•l>v
purchase of as many
trolleys as possible, in
ordet
,V'*S
cut
to
I
costs
down
the
on
vital routes and to
out traffic problems.
city's'!4 most
s
raighten
These vehicles are the best suited
I'1'#
for the
the engineers, be¬
of their large seating capac¬
cause
Si'
r.
job,
say
it.
ity, 1 their speed and maneuver¬
ability, and because of the fact
tijat' they can make use of the
w
present
Ttfr
thus
,1
U'
bverhead wiring system,
protecting a large part of the
city's investment in equipment.
if
*»
fife'
The
•t
A
^
"f
predicts
level of
report
the
that
present 'high
revenues
will drop in post-war years. It is
their opinion that new equipment
will result in a profitable and ef¬
ficient system, and the city will
be benefited physically
by the
noiseless and fumeless operation
of the trolley coach.
The report emphasizes the fact
J ft'
i.
W.
immediate
that
be
must
action
taken if St. Petersburg is to be at
the
the
of
head
i
coaches is restored.
I
South
'»
Sought
Dist.,
On
—
District Board of
Supervisors authorized issuance of
the bonds, for the purpose of re¬
funding an equal amount dated
July 1, 1942, at a meeting held on
May 4,
Tampa, Fla.
State t Legislature
Considering
Sewer Measure—The Hillsborough
petition,
ifc
;k
■
viffi;
the
,
K.
.
-
•fy*
■■
?>
«'i:!
,
i
County delegation in the State
Legislature has received a bill
which
::{i'l
•<iV.
■
f;
.
v)
■-
i»
I'
a''VL
of
struction
"
authorize
would
the
sanitary
a
con¬
year's
study
of
Outstanding feature of the new
removal
the poll
tax as a prerequisite for voting
(the legislature already had taken
this action before adoption of the
new constitution, however);
junked also was the "grandfather
clause" of the present constitution
requiring a voter to own 40 acres
and
the
ant of
to 5% and run up to 40 years.
bonds would
revenue
of
be
veteran of
a
The
descend¬
a
wick
placing all state
employes under the merit system
sets up a state personnel board
and provides that state employes
cannot
be removed for political
or
religious reasons, and for no
excuse except proper
cause after
a fair hearing.
.
1
The
a
after
claims
300,000
armed
and
affairs
Georgians
now
services, as well
as
of
the
not be
by
status
the
including the state board of cor¬
rections, which administers prison
affairs, and the Georgia public
service
commission.
The office
nor
of lieutenant
created
was
constitution
by
relieve
to
the
the
executive
of
some
and
an
executive
leave
when
the
state.
office
new
in
power
lieutenant
governor
will be elected by the people,
salary of $2,000 yearly.
Membership
preme
six
court
to
of
was
the state su¬
increased from
judges
seven
to
prevent
within
their
debts, and provide that
unexpended funds in any depart¬
I?!
cost;
M-'
annual
and the cost of operation
of the system.
charges
then
would
be made without
at
f '•
the
be
fixed, and may be changed from
time to time, but no charges may
1
-i
system,
maintenance
Service
I
careful estimate of the
the
of
revenue,
and
a
which
and
'
all
public hearing
of
users
of
owners
a
the
property
system
may
be
heard.
Owners, tenants and occupants
of
properties
required to con¬
nect with the system, except such
as
have
disposal facilities
ap¬
by
proved
Health
or
are
the
State
Board
of
the Hillsborough Coun¬
ty health unit.
The
that
F"
{'1
f>
»
i
■■I
■
tailed
force
sary.
may
sewer
tinuation
f
t-
of water services.
provisions
charges in
ment revert to the
ury
A
at the close of
ban
ceeding
new
general treas¬
against
himself
a
fiscal year.
a
governor
left
was
suc¬
in
the
constitution.
Continued
De¬
made to en¬
court if neces¬
are
<
Shi
41.
iTJ-*
1
Warrant
rule" resulted in provision in the
new
constitution
that the next
general assembly must adopt op¬
tional forms of home rule and
submit them to the various
ties
and
rejection
the
the
cities
in
for
referendums;
optional
plans
initiative,
coun¬
acceptance
must
of
include
referendum
and
recall.
home
provision, the constitution
prohibits the removal from office
rule
Call—J.
B.
the
following
tax
tised
or
before
it
considered.
requires
has
can
been
be
proof
adver¬
introduced
\
issue
—
street
•
bonds
will
voters
at
lighting
be
the
election
of
system
submitted
to
to
the
be held
June 5.
on
Pinckneyville, III.
Bond
Sale—The
water
Nicolaus
&. Co.,
of St.
Louis,
April 1, 1945.
Denomina¬
tion $1,000.
Principal and inter¬
est
(J-J) payable at the First
Dated
National Bank of Pinckney ville.
Legality approved by Charles &
of
Trauernicht,
above
the
$35,000
system bonds offered for sale re¬
cently were awarded to Stifel,
of
bonds
St.
Louis.
the election held
The
authorized
were
at
March 26.
on
June 4.
on
IOWA
Bond
bonds
Details—The $27,000
Sale
offered
sale
for
recently
White-Phil-
and
awarded
lips
Co., of Davenport, as 2s, at
161,
par—v.
the
to
1930—mature
p.
as
Charles City, la.
:
v
Bond Sale—An issue of $50,000
airport bonds offered for sale on
April
30
awarded
were
to
the
White-Phillips Co., of Davenport,
at par, as
follows:
fire
to
Fund, 1944, Nos.
E-1541, dated June 15,
to
1944.
1.959, and $500 in 1960. Bonds
maturing in 1958 to 1960, are
optional on June 1, 1946.
!
"
IV4S.
'
•
Resolution
Aids
B10,
1944.
to
Fund,
1944,
Nos.
dated Feb. 10,
P-196,
1944.
struction of
to
Fund, 1944, Nos.
T-380,
dated
Feb.
10,
Holders of these warrants
to
present
them
were
the
to
Board of
Education, City of Chi¬
cago, Room 352,
288 North La
Salle St., on or before
May 17, in
order that
and
might be verified
same
interest
computed
cash warrants drawn
Treasury
be
may
that
so
the
on
City
in
pay¬
issued
thereof.
con¬
sional
of
resolution
a
of
the
Illinois
delegation
to
Congressional
bill
a
a
to
members
prompt
required
proposed
super-highway into
Chicago on the right of way of the
old Illinois and Michigan canal
was taken May 10 by the Illinois
Legislature when it gave final
passage
Free Text Book
asking
Congres¬
work
for
enactment
granting to the State of
rights, title, and inter¬
Illinois all
of
est
the
United
canal
and
Such
Federal
its
States
in
the
abutting property.
action
Would
be
preliminary to construction of the
super-highway,
which
w 0 u 1 d
stretch across Chicago's southwest
side and provide a
speedy "route
toward the municipal airport and
into down-State Illinois.
V 1
.
Chicago Park District, ill.
Bond
Election—The
park bonds will
the
voters
held
on
$24,000,000
submitted
election
to
to
be
June 4.
Cook
*
be
the
at
Bill Proposes
Tenders
County, III.
Wanted
that
he
sealed tenders until
will
L.
receive
11:00 A.M.
of
on
lic
a
Civic
and
the
amounts
sufficient
accrued
interest
payable under the tenders) to
haust
the
sum
of
not
to
ex¬
exceed
of
pub¬
a
re¬
question
was
spon¬
by
supported by spokesmen
Federation
Illinois
of
Bond
City
do
on
Dec.
Webster City, la.
Offering—L. L. Doolittle,
Clerk,
receive;- sealed
on June 4 for
will
purchase
of
.y
.Dated Mar.
tion
airport
m'11 ylvli
$60,000
bonds.
15, 1945. Denomina¬
1, as fol¬
$1,000 in 1946,. $2,000 in
1947, $3,000 in 1948 to 1953, .$4,$1,000.
,Due Nov.
lows:
000 in
1954, $3,000 in 1955, $4,000
1956, $3,000 in 1957, $4,000 in
1958, $3,000 in 1959, $4,000 in
1960, $3,000 in 1961, $4,000 in
in
1962, $3,000 in 1963, and $4,000 in
1964. Bidders should specify the
rate, and all other con¬
interest
ditions
preference
specifying
rate. Principal
being' equal,
will be given to the bid
the lowest interest
and
interest
Treasurer's
at the City
payable
The
office.
proceed¬
ings for the issuance of the bonds
and
levy of
property in
the City sufficient to pay the in¬
terest on and principal of said
bonds
have
been
legalized and
validated by the General Assem¬
providing
taxes
on
all
the
for
taxable
bly of the State
sion. ••The
Association
of
bids shall be
bidder
not
shall
certified
require
any
so
the
conditioned." The
expense.
printed
Enclose
3%
of the
the
furnish
own
check
for
par amount of bonds
bid for.
KANSAS
~
Wichita, Kan.
Bond
Sale—The
$66,486.80 im¬
sale
provement bonds offered for
on
subsidy, J. B. O'Neil, of the Civic
current ses¬
at its
City will furnish
approving legal opinion of Chap¬
man &
Cutler, of Chicago, and all
for
Asserting that with rents of up
to $52 a month the Federal hous¬
projects
due
by Chapman & Cutler, of Chicago.
Chicago
Real Estate Boards.
ing
the
building
are
bonds at his
Representative Arm¬
strong, Chicago Republican, who
was
receive
purchase of
bonds.
These
1, as fol¬
lows: $5,000 in 1946 to 1963, and
$10,000 in 1964. Legality approved
a
The bill in
the
conditions
of
House
emption for public housing:
and
or
Illinois
bill to eliminate tax-ex¬
sored
amount
Housing-
hearing May 8, favorably
ported
May 26 for the purchase of series
A, issue of 1936, refunding bonds.
Subject to the following terms
(exclusive
the
for
will
•
Public
Representatives, following
V
Victor
—
for
Eliminating Tax-
Striking a blow against socialized
public housing, the revenue com¬
mittee
Schlaeger, County Treasurer, has
announced
Exemption
28
$100,000
the
Chicago's Pro¬
the
Secretary
May
on
bids until 7:30 P.M.
(State of)
posed Super-Highway—A step de¬
signed to aid
Building Fund, 1944, Nos.
2335
to
B-2508, dated Feb.
P-177
Due
1, as follows: $500 in
1950, $1,000 in 1951 to
1946 to
District
bonds
1, 1946.
Dec.
on
4
Educational
E-1493
Dec.
in 1946 to
Illinois
in
and
bill
May 10, have
on
: 1 Oregon,. III.
Election
An
Bond
$15,000
be
anticipation
referendum,
local
the election held
been sold.
Fulton, III.
McCahey,
of any local official or any change
in his term or salary without a
a
at
voters
12,000 street lighting bonds.
legally acceptable
tenders received offering bonds at
the lowest prices will be
accepted
that
the
to
issue
An
bonds will
election to be held
warrants:
or
one
'1' /Vv
—
highway
submitted
50-year
a
President of the Board of Educa¬
tion called for payment on
May 18
"home
more
(P. O. Sycamore),
Election
Bond
$400,000
Chicago Board of Education, III.
ment
cities and counties for
firm
Treasurer's office.
Due
franchise to the Authority.
requests by Georgia
In addition to the general
Aldermen
provide
charges be collected
along with charges for water con¬
sumed, and enforced by discon¬
' 1
At
mental
remain
III.
$165,000 road
authorized at
bonds
ity and the granting of
require all departments and insti¬
live
Sale—The
con¬
May 26.' De¬
m., 011
De Kalb County
$15,000
1944.
to
Bond
June
T-342
tutions
a.
of
con¬
Township (P. O. Crystal
Lake), III.
construction
acceptance-of
shall
tenders
issue
sealed and oral bids until 2 P. M.
end
funds,
be
may
or
in
livery of bonds must be made on
or before May 28, at the County
on
Playground
state
Nunda
of the bonds offered.
none
or
submitted
the
upon
An
—
1959, $1,500 in 1960, and
$2,000 in 1961. Bonds matur¬
ing in 1961, are optional on
Adoption of the new constitu¬
tion by the voters next August
will place certain restrictions up¬
on
public expenditures; it will
of
alternative
ditioned
County (P. O. Lawrenceville), III.
Election
June 4, to vote on the
purchase of the traction lines by
the Metropolitan Transit Author¬
be held
divided opinions.
allocations
in any event
price in dollars
be
may
Larry
estate group.
struction bonds will be
submitted
to the voters at an election to
be
held on June 19.
These bonds are
due in 18 years.
ac¬
complying with the terms of the
notice of call will be rejected.
the
Lawrence
de¬
(e) Right is reserved to reject
all tenders and any tender not
.Tenders
tax-ex'
by
Holmes, business manager of the
State real
in such tender.
stated
-attacked
were
pay
will yield to the county
yield stated
not more than the
Chicago, III.
will
the senate, and will
■■
ob¬
de¬
such tender, but
in
empt
$275,000 2% county hospital
income at the average
Bond Election—An election will
,
:11m;y1 11
(d) Tenders accepted shall
ligate the county to accept
livery of the bonds and to
therefor such amount, plus
crued interest to the date of
as
owned property should be
Bond
the4 par
offered will
not be considered,
livery,
housing
slums,; that public and pri
housing can work in co-oper¬
ation, and that all Government
vate
Hudson Consol. School District, la.
Bond Offering—A/R. Knudsen,
chief
details
is out of the
governor
The
gover¬
date called.
on
.
department bonds.
1, as follows: $500
1950, $1,000 in 1951
constitution,
new
ceases
given
was
sued. until the Board of Aldermen
limits pre¬
scribed by law, but may not be is¬
has;made
19 and
20, for $50,000
each, at 1%%.
250,000 poor relief warrants, Nos.
47A1 to 51A1, for $50,000 each,
at VA%.
state's, important
budgets, ban creation of depart¬
to
Nos.
Interest
Constitutional
pay¬
to 318A1, for $100,000
each, at 1 Vs %.
100,000 public library warrants,
ness.
A
clears
price in
on
303A1
lend
mAllfltr
prices.
bonds
the
of
value
until 11:00
Chicago, III.
$1,600,000 corporate warrants, Nos.
veterans up to $4,000 each to pur¬
chase homes or engage in busi¬
1
Contentions that public
yield to
on
(c) Tenders stating a
dollars
which
exceeds
All
the City Treasurer or the Guar¬
anty Trust Co., New York City:
reconstruction
corporation
empowered to issue $5,000,000 in
boards
<1
•
all
May 21, the following tax
warrants of 1944 on
presentation through any bank to
participated in other wars.
companion enabling act passed
by the legislature-sets up a vet¬
many
1945
legislature.
anticipation
the
those
and
maturity
Bruns¬
the
City Comptroller called for
ment
A
certificates
at
the
1
who
revenue
of
and
approved
Warrants Called—R. B. Upham,
the
of
in
i.1
1
_
the average
and
offered
ILLINOIS
document also created
new
Savannah
at
was
session
Veterans' Service Board to look
statutory
confined
cilities
war.
some
provision
a
The
the
mule and to
a
over
uo
is
constitution
receive
£'
national stand¬
a
point, 1 probably,
from
preside
1'-
a
reports.
constitution from
Mem¬
bership of the authority, recently
Ellis Arnall, is as follows:
Alfred W,
Jones, President of the Sea Island
Development Company, repre¬
senting the Brunswick area;
James P. Houlihan, Chairman of
the Chatham County Commission
and President of the Georgia Sav¬
ings Bank Association, who will
represent the Savannah area, and
BJake R. Van Leer, President of
Georgia Tech, representing the
State at large. Legislation creat¬
ing the authority and empowering
it to issue $15,000,000 in self-liqui¬
dating revenue bonds to finance
construction of port and dock fa¬
Governments
State
—
announced by Governor
the
drafting,
and
1
-I
bonds at the lowest
Announced
Personnel
submitted by
as
constitutional committee after
sewer
Spwep bonds may bear interest
IV'
vised constitution
city limits. The
measure, prepared by Masslich &
1 .cchell of New York City, calls
for
financing
of
the
project
through the issuance of revenue
bonds only, which may be issued
without
consent
of
the
State;
however, if approval of the free¬
holders of the city is required, an
within the Tampa
election must be called.
f:,iC'iV
Atlanta), Ga.
made
possible by the
state legislature, which recently
adopted with little change a re¬
a
,1<
n
.
said bonds at the
tricts, as' well as prohibits the price at which they are offered
establishment of any new inde¬ and also the price in dollars (ex¬
pendent city school systems. This clusive of accrued interest) at
move
was 'made,
to
make the which they are offered.
(b) Tenders stating the highest
county the school unit.
average yield to maturity will be
Georgia Port Authority (P. O.
considered the tenders offering
governments.
was
abolishes
1,000 local school dis¬
than
more
things removes the poll tax as a
prerequisite for voting, places all
state employes under the merit
system and provides a
greater
degree of "home rule" for local
This
easier
to
governments
10 to 15 mills and
from
archaic, 68-year-old state con¬
stitution
with
an
up - to - date
document; which
among
other
an
erans
May 10 a petition for validation
of $480,000 in
refunding bonds
was filed by the above district in
Circuit Court. According to the
If
%
trolley
v
Conservancy
Validation
Bond
ul;
i
of
1.
Fla.
siit
<4
Florida
when
list
order
production
peacetime
August—Georgia voters will have
opportunity in August to replace
situation
the
Con¬
Legislature
stitution, Submits It to Voters in
Council
According to the report, the im¬
; »l
Georgia (Stale of)
Adopts New
fleet.
are
im¬
provement program submitted to
the city by Ford, Bacon & Davis,
New York consulting engineers.
This
survey
states that "major
parts
of
property,
represented
chiefly in trolley cars and buses,
must
be
replaced ( with modern
Ii
new
changes
$1,913,500 available for the pur-I Federation, said: "We would prefer
<4 VOnt
A
a
direct money
subsidy to desti
issue chase of the bonds by the county:
tute families to enable
them to
(a) Tenders
must
state > the
bonds and allows emergency in¬
pay rent to landlords who
amount and maturity or maturi¬
creases of 3% above the previous
must
support local governments with
ties of and the rate or rates of
bond
limit. - Other
changes in¬
taxes."
interest
payable on the bonds
crease
the local school tax limit
local
for
makes it
document
The
GEORGIA
purchase of some mod¬
which will be the
vehicles,
ern
Monday, May 28, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2382
Si
were awarded to HalStuart & Co., as Is, at a price
101.14, a basis of about 0.77%.
May 14
sey,
of
Dated May 1, 1945.
$1,000,
one
for
Denomination
These
$1,486.80.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4389
161
Volume
May.-l, as fol¬
bonds are due on
$7,486.80 in 1946, $8,000 in
I 1947 and 1948, $7,000 in 1949 and
[$6 000 in 1950 to 1955. Principal
i and interest
(M-N) payable in
| Topeka.
Legality approved by
Stinson, Mag, Thomson, McEvers
& Fizzell, of Kansas City. ,
Union Securities
New
lows:
'
KENTUCKY
Jackson),
r ••■.v---. ■. Ky.
I
Sale
Bond
The $22,000 3%
—
refunding bonds
offered for sale on May 22—v. 161,
road and bridge
2156—were awarded to W. C.
p.
Thornburgh & Co., of Cincinnati.
Dated June 1, 1945.
These bonds
are due on June 1, 1975. The next
•
highest bidder was Bankers Bond
Louisville.
Co., of
re-offered
Alex. Brown &
Sons,
Graham, Parsons & Co.,
Cnas. E. Weigold & Co., and
Mississippi Valley Trust Co.,
St. Louis, jointly,
\
v For
$240,000, 2s, $660,000,
.80s, and $600,000, ls.___100.05
2%%
of
•
A
$29,000
school
—
building revenue refunding bonds
Halsey, Stuart & Co.
Chase
1, 1945.
I Dated June
!
Due Dec. 1.
1945 to 3 957 inclusive. Princi-
in
i pal and interest (J-D) payable at
Treasurer's office. Call¬
maturity on 30 days'
the City
able prior to
notice
published
at
par
and
accrued interest. Legal approving
&
Stites
by
opinion
Stites..' bf
-
from
the rentaLon the school building.
Louisville.
Payable
:
solely
Kentucky State College for Negroes
Bonds Purchased—A $56,000 is¬
refunding bonds of the Ken¬
tucky State Board of Education,
enue
the governing board of
the above college, has been pur¬
acting
as
chased
by
a
Bros.
Stein
composed of
group
&
Almstedt
Boyce,
Brothers, and the Bankers Bond
Co., all of Louisville. Denomina¬
tion $1,000. Dated June 15, 1945.
Due on Dec. 15 in 1945 to 1959,
inclusive.
to' June
call prior
Not subject to
T5f 1950, and thereafter
callable prior to maturity on any
interest payment date, in whole
or
part, in. inverse numerical
upon
30 days' published
in
order,
notice at 101 and accrued interest,
Principal and interest (J-D 15),
payable at the office of the State
Treasurer, acting as Treasurer of
the Kentucky State Board of Ed¬
ucation.
Legality to be approved
by Stites & Stites of Louisville.
Kentucky State Board of Education
•
(P. O. Frankfort), Ky.
Sale —The
Bond
2%
$56,000
building revenue refunding bonds
offered for sale on x\pril 20—v.
161,
Bros.: &
to
awarded
1817—were
p.
Stein
Almstedt
Boyce,
Bros., and the Bankers Bond Co.,
all of Louisville, jointly'.
Dated
June
Denomination
1945.
15,
$1,000.
These bonds are due on
Dec. 15, as follows: $2,000 in 1945
and 1946. $4,000 in 1947, $3,000 in
1948, $4,000 in 1949, $3,000 in 1950,
$4,000 in 1951 and 1952, $5,000 in
1953, $4,000 in 1954 and 1955,
$5,000 in 1956, $4,000 in 1957 to
h
1959.
Louisville, Ky.
Bids
Other
$1,500,000
The
—
bonds offered for
May 10 and awarded to J.
P. Morgan & Co., Inc., and Barr
: Bros.
& Co., both of New York,
jointly, as 0.80s, at a price of
100.269, a net interest cost of
;0.781 %,-v. 161, p. 2156—also re¬
ceived the following bids:
flood protection
sale
•
on
Price Bid
Bidder
Chase National Bank,
.
_%
New York,
V '-/r-".--1-."
•Blyth & Co., ~
:
V;'
•R. W. Pressprich & Co.,
Salomon Bros. & Hutzler,
■
.
.
• :/;•
and
Brown Brothers Harriman
&
Co., jointly
gested
&
Pressprich
0.45ft
York;
New
$400,000, 2s, and
$1,100,000, .80s
100.002
__
Bankers Trust Co.,
New York,
Eastabrook & Co.,
■
/
-
V'
Geo. B. Gibbons & Co., Inc.,
,
prst of Michigan Corp.,
jointly,
For
$90,000, 2s,
$780,000, .80s, and
$630,000 1st
0.48
_____
more
fixed
the
sum
than
that
amount
Smart &
filed
.
;
,
:
Wagner, '
jointly,
For $1,500,000, ls__
National City
New York,
100.349
W. E. Hutton &
/
;
y
.-
'
Co.,
metropolitan
committee in
with
.
cal
*
;
.
area
" 1
intensive
'
.
•"
?•
-
gers
;■
*
ceive
____100.03
subdivisions
and
in
the
financing
to
of
the
year 1945.
Payable at the National Shawmut Bank, of Boston, and will be
the
delivered at said bank
May 31, 1945.
transporta¬
numerous
certified
agencies, or parts thereof,
required in the amalgamation can
be
financed
the
funded
Elevated
Nelson, Browning & Co.,
in
the
debt
Railway
refunded.
same
the
of
Co.
way
as
Boston
has
Kingsbury & Alvis,
jointly,
$290,000, 2s,
$165,000. V2s, and
$1,045,000, Is
which,
_100.031
necessary
sale
LOUISIANA
in
John
of
bonds
low
at
rates
Offering
Hayward,
Treasurer,
company
at
of
interest, they being bonds of a
political subdivision of the Com¬
Mutual
Life
Insur¬
—
Fred
Vice-President
P.
and
the
will receive sealed bids
announces
its home office,
that
197 Clarendon
Bond Call
W. M. Duffourc,
Secretary of the Board of Levee
Commissioners,
has
announced
monwealth not
St., Boston, until noon (EWT) on
May 29 for the purchase of $52,379,000 principal amount of vari¬
the system.
ous
that
terms and at rates of interest
Orleans
Levee
District, La.
—
the
5%
levee
bonds,
Nos.
1.401 to 1500, amounting to $100,*
are
called for payment on
July 1. Dated Jan. 1, 1909. Denom¬
ination $1,000.
These bonds are
due on July 1, 1945.
Holders of
000,
thority
actually operating
The bonds of the au¬
should
be
on
the
State and municipal and mu¬
nicipal
revenue bonds. The offer¬
ing consists of 77 lots and about
same
cor¬
$20,000,000 of the grand total is
made up of New York City corpo¬
rate stock.
State obligations in¬
clude
those of
California, New
responding to the bonds of the
Boston Metropolitan District, to¬
gether with an additional amount,
say 2%, to cover amortization of
the debt.
The raising of money
by this method should at all times
be subject to the supervision and
approval of the Department of
north-south
the
Charles
River
near
dam
to
Dover Street.
"Traffic
is
slowly strangling
city," the commission de¬
clared, "and nothing short of a
major operation on the traffic
the
avoid
can
its
to
serious
future
con¬
growth
prosperity.
"As
general
a
commission
said
r
statement,the
'of
the
State
situation,
"Our
State
highway
system is obsolete and worn out,
and it is obviously unsound to
continue year after year heavy
annual expense on worn-out high¬
without
permanent
im¬
Maintenance cannot
ways
provement.
cure
obsolescence."
Massachusetts'
<
,
State
highway
system was described as embrac¬
ing about 2,000 miles of roadway,
with the
commission contending
State should
that the
at
way
miles
70
least
per year
have."
of
reconstruct
State
high¬
"to retain what we
'
,
;'
Although expressing belief that
the highway fund from the gas¬
oline tax would be adequate to
finance its
proposed program, the
commission declared that the pre¬
sent
Company, Boston, Mass.
Portfolio
turn, would raise the
funds by the issue and
its
to
as
Hancock
ance
District,
Metropolitan
about
been
For
Boston
For
or
Bank, of Boston, under advice of
Ropes, Gray, Best, Coolidge &
Rugg, of Boston.
capital acquisi¬
tions the authority should be em¬
powered to issue its bonds to the
and
on
The notes will be
genuineness and
validity by the National Shawmut
tion
Scott, Horner & Mason,
Lyons & Shafto,
a.m.
cipation of taxes for the
"The acquisi¬
says:
9.30
May.29 for the pur¬
$250,000 temporary notes,
on
Due Nov. 14, 1945. Issued in anti¬
locally.
respect
until
re¬
completion of
new
Albany Street,
sequences
discount.
a
from
for
a
highway through Boston,
situation
Dated May 31, 1945. Denomina¬
tions $25,000, $10,000 and $5,000.
activities of the proposed author¬
tion
Co.,
Peoples National Bank,
Charlottesville,
at
bids
will
called
for
i
arterial
and
Treasurer
sealed
plans
30
Mass,
(EWT)
mission
of
or
Offering—Ernest W. Kil-
chase of
$145,858,947,
Commonwealth
ity, the report
year.
expansion
County (P. O. Taunton),
County
roy,
business of transporting passengWith
•
.
in the amount of
put the
political
its
be
a
'
-
...
completing
Bristol
transportation in the Boston
has
Dominick,
Co.,
William R. Compton & Co.,
Inc., and
Co.,
study.
of
report just
>-;:0
Legislature.
It is
Nofe
the
could
millions more."
transit
report recognizes that the
investment of public funds in lo¬
Co.,
J. D. Van Hooser &
recess
the
of
the field would "come to 20
The
:.
■
of
the result of two years'
Bank,
.
environs, in full
charge of local passenger transit
operations, is the recommenda¬
tion
sug¬
Clampit estimated that the total
its
and
had
$8,000,000, because they doubted that
system of distributing the
highway fund to cities and towns
was
"an injustice and breach of
faith to the motorists."
"
commission said highway
distributed to cities
The
funds
and
basis
now
towns
of
are
divided
on
thj
valuations, without any
regard to the need of actual ex¬
penditures
for
highway
work.
The distribution represents from
21%
to
74%
of
actual
highway
expenditures of cities and towns
receiving the funds.
Stoneham, Mass.
The $100,000 tem¬
Pennsylvania, with the
porary notes offered for sale re¬
represented
cently were awarded to the Sec¬
by a block of $4,000,000 Erie, Os¬
same
are
payable at the State
ond National Bank of Boston, at
wego and Champlain Canal im¬
Treasurer's office, Baton Rouge,
0.30%. Due Nov. 21, 1945.
The
Public Utilities as an additional provement 4V2s of Jan. 1„ 1914,
and the office of the Fiscal Agent
next
highest bidder was Mer¬
and maturing on Jan. 1, 1964. Also
of the Board of Levee Commis¬ public safeguard.
chants National Bank, Boston, at
included in the offering are vari¬
Port
Development Plans
An¬
sioners,
the
Whitney
National
s ;
0.314%. Other bidders were;
ous bonds of Baltimore, Md.; Buf¬
Bank
of New Orleans.
Interest nounced—Organization of a 50Bidder—"
Discount
falo
Sewer
Authority,
N.
Y.; First National Bank, Boston,0.32'i
man
Committee to obtain State¬
ceases on date called.
Chicago, 111.; Cleveland, Ohio; De¬ Middlesex County National Bank,
wide backing for plans to deveilop
Stoneham
0.331
Vermilion
Parish
troit, Mich.; East Bay Municipal
Gravity Drain the Port of Boston was
completed
Goldman, Sachs <fc Co
0.335
Dist. No. 2 (P.O. Abbeville), La.
Utility
District,
Calif.;
Jersey Harriman
Ripley <fc Co., Inn
0.34
recently with the announcement
Bond Offering — J. M. Moss,
City, N. J.; Louisville, Ky.; Metro¬ National Shawmut Bank, Boston- 0.352
of the Committee's full roster by
politan Water District of Southern
Secretary of the Board of Com¬
Ralph E. Flanders, President of
Winchendon, Mass.
California; Norfolk, Va.; Philamissioners,
will
receive
sealed the Federal Reserve
Bank, and
Other Bids—The $60,000 notes
bids until 3 p.m. on May 28 for
delphio, Pa.; Port of New York
Chairman
of
the
Massachusetts
the purchase of $17,000 public im¬
Authority;, City of Providence, offered on May 10 and awarded
Committee for Port Development.
R.
L; Richmond, Va.; Roanoke, to the Second National Bank, of
provements bonds, not exceeding
Selected from a wide variety of
Va.; St. Louis, Mo.; and Westches¬ Boston, at 0.337%—as reported in
4% interest. Dated May 1, 1945.
industrial enterprises in all parts
v.
ter County, N. Y.
161, p. 2157—also received the
Denomination $500. Due May 1,
of the Commonwealth, the Com¬
The
/'V'-'ft-.r v ;
1946 to 1960.
company
has announced following bids:
Payable from the mittee will concentrate on
push¬
Interest
that the proceeds of the sale will
levy, assesment and collection of
ing a Port Authority bill through be
Bidder—
Rate
employed in the purchase of
an
unlimited ad valorem tax on
the Legislature,
and impressing
government bonds, particularly in Merchants National Bank,
all taxable property in the Dis¬
the people of Massachusetts with
of Boston
0.34%
furtherance of the 7th War Loan.
trict, sufficient in amount to pay the
importance of maintaining the This is the
0.367%
largest single munici¬ First Boston Corp
principal and interest maturing
port as a center for future world
.
pal bond, portfolio offering on National Shawmut Bank,
in each year. The approving opin¬
trade.
■
Boston
0.37%
public record.
ion of B. A. Campbell, of New Or¬
"We believe that when the facts
leans, will be furnished the pur¬ about the
Massachusetts (State of
MICHIGAN
port and its importance
chaser without cost to him.
En¬
to the people of Massachusetts are
Note Offering—Francis X. Hur¬
Detroit, Mich. Syv"
close sa-certified check for $500
widely disseminated that there ley, State Treasurer, will receive
Salvage Plant Seen Self-Liqui¬
payable to the District.
will
be a
united front for the sealed bids until noon (EWT) on
dating—The city's new refuse sal¬
passage of the Port Bill through
May 28 for the purchase of $1,MARYLAND
vage plant is designed to pay its
the
Legislature," declared
Mr. 000,000 notes. Dated June 7, 1945. own way while helping solve an
Cumberland, Md. *
Flanders.
Chief strength of the These bonds are due on June 6,
increasingly difficult problem of
Bond Offering—William E. Mc¬
Port Bill, filed
by the Greater 1946. The notes are issued under finding space for the disposal of
Donald;- Commissioner of Finance Boston
Development Council, lies the provisions of Chapter 49 of the
garbage and rubbish.
and Revenue, will receive sealed
acts of 1933 as amended, creating
in the setting up of a Port Au¬
The new plant began operations
bids until 10 a.m. on May 28 for
thority, with genuine authority to an Emergency Finance Board, be¬ last December, the American Pub¬
the purchase
of $100,000 street handle
problems of development." ing in renewal of part of $1,500,- lic Works Association reports: In
and sewer bonds, not exceeding
000 notes due on June
Included in the Port Bill are
7, 1945. order of importance to DetroiFs
4% interest.
provisions for a $15,000,000 bond Principal and interest payable in public works department, it will
Dated May 15, 1945. Denomina¬
Boston or New York at the option
issue to finance the rebuilding of
do this
when operating at full
tion $1,000. Due $10,000 in 1953
of the purchaser.
Award of this capacity.
old docks.
and 1954, and $20,000 in 1955 to
loan is subject to the approval of
1. Prolong availability of pres¬
Airport Bond Issue Discussed—
1953.
Rate of interest to be in
the Governor and Council. Boston
ent disposal dumps by salvaging
An Associated Press dispatch from
multiples of V4 of 1%. Each bid¬
delivery. Interest on these notes non-combustible materials for sale
Boston on May 15 reported in part
der
shall
state the amount
of
will be payable at maturity. The
and combustible materials for use
as follows:
money for each $100 of the prin¬
Commonwealth figures the inter¬ in incinerator
plants as fuel. Such
A bond issue of $8,000,000 was
est on exact number of days on a
cipal of said bonds that the bidder
materials take up a substantial
proposed today to finance expan¬
is willing to pay.
Enclose a certi¬
360-day year basis.
amount
of
valuable
space
in
sion of the Boston airport for the
fied check for 2V2% of the bonds
$153,000,000 Post-War Highway dumping areas, and such areas are
next year. That figure was rec¬
bid for.
'
:;,v ommended by the Legislative Program Urged — Modernization nearing exhaustion.
2. Reduce over-all garbage and
Massachusetts
highways
Committee
on
Military
Affairs of
;
MASSACHUSETTS
six-year, $153,000,000 refuse disposal costs by salvaging
and Public Safety which has been through a
Boston, Mass.
program, to be financed by high¬ non-combustible materials—scrap
Note Sale—The $5,000,000 temr studying a series of bills calling
metal, tin cans, glass, paper and
way fund receipts from the State
for development of the airport.
oorary notes offered for sale on
Senator Ralph V. Clampit (R.¬ gasoline tax, was recommended to rags—for sale on the salvage mar¬
May 22.were awarded to the First
Springfield),
Chairman
of the the State Legislature by a special ket, and by salvaging combustible
Boston Corp., and the Chemical
recess
commission
on
post-war materials for use as fuel in in¬
Bank & Trust Co., of New York, Military Affairs Committee, told
cinerator
plants,
reducing fuel
the House Ways and Means Com- highways.
jointly, at 0.43%, plus a premium
Besides the vast highway con¬ costs.
of $16.
Interest to follow. Dated rpjltee that the total cost of the
3. Reduce hauling costs; all of
struction
program
contemplated
May 25, 1945. These notes are due plan considered by his committee
on
a
State-wide basis, the com¬ Detroit's present disposal centers
was $19,500,000.
on
Nov. 2, 1945. The purchasers
these
bonds
are
notified
that the
York
and
Note
Sale
—
New York State being
v
,
.
•
100.043
Works
an
committee
Hutzler, and
& Co., jointly
(plus $411
Public
immediate appropriation
$12,500,000. He added that his
of
;
For
and
Bank,
Bros.
of
cost
of 2Vz% coupon building rev¬
sue
ment
Transit
Authority
Urged — A
mertopolitan transit authority for
purchased recently by Stein
jointly,
of Louisville. Def For $1,500,000 Is
nominations
$500 . and
$1,000, John Nuveen &
.
(plus $75)_i
Clampit said the State Depart¬
f
Boston
Bros. & Boyce
|
National
Salomon
;R.»W.
was
[
yield
Int. Rate
Bros.,
;
\
Kidder,- Peabody & Co.,
:
"
Hemphiil, Noyes & Co.,
Bacon, Stevenson & Co.,
and .f,>
C1 ['
';;' ?/■'
Charles Clark &
coupon
Purchased
Bonds
issue
...
to
Bidder—
Dominick &
Hickman, Ky...
•
notes
spent within the next
F. S. Moselev &
'
the
0.375% to maturity. Other bids:
Lehman
Breathitt County (P. O.
\
Corp.,
York,
2383
'
'
The
located outside the city limits
are
plant
and, up to the present, 40% of the
produced in De¬
troit—including approximately 2,-
land
on
volume of refuse
Claim that4 the
by the County
condemned and paid for
plaintiffs
was built
Details—The $29,000
and executed
approving legal
23/4% street
awarded to
improvement bonds
printed
the
and
bonds
[ by the bondholders themselves—
opinion of Dorsey, Colman, Bar¬
600,000 cubic yards of rubbish a although it is a property separate
ker, Scott & Barber, of Minne¬
from the big drain itself.
year alone—is hauled an average
apolis, both without cost t<5 the
of 12 miles for disposal.
Nankin Township (P. O. Inkster),
purchaser, and delivery thereof
The plant is designed to handle
Mich.
2,000 cubic yards of rubbish every
eight hours which, it is estimated,
would produce the following salv¬
present
cost
fjjBopd Offering—Paul R. Schrei-
issue
refunding bonds, not ex¬
ceeding
2V2%
interest.
Dated
June 1, 1945. Denomination $1,000.
for.the purchase of $49,000
of 1945,
Due">June 1,
follows: $6,000 in
as
1946,
in
$7,000
to
1948
and
1947,
$4,000
Bonds maturing
1956.
in 1956 will be subject to redemp¬
tion
at!;
[in inverse numerical order,
Plus accrued
par
interest, on
20' ddys' published notice on any
one
or
more
interest
payment
dates.
Rate
of
interest
to
be
all the taxable prop¬
erty therein such ad valorem taxes
as
may be necessary to pay the
levy upon
.
•
Townships,
and" Sterling
Warren
No. 1
Mich.
(P. O. Warren),
,
$41,000
refunding bonds offered for sale
on Ar.ril 26 and awarded to the
Community State Bank, of War¬
ren—V. 161, p. 2048—were sold at
a
price of 100.52, a net interest
cost of about 0.971%, as follows:
$25,000, maturing $5,000 on May
1,1946 to 1950, as 1V4S, and $16,000,
maturing $4,000 on May 1, 1951 to
1954; optional in inverse numeri¬
cal order, on or after May 1, 1946,
as Is, to call date, and 2%s, there¬
after to maturity.
These bonds
are
dated May 1, 1945.
Interest
payable M-N.
' v^rr'y
proposal for less tl^an all of
the bonds will be considered.
Bids
phall be conditioned upori the un¬
qualified legal opinion of Claude
H. Stevens of Berry & Stevens of
Detroit, approving the legality of
the bonds.
The
cost of said
legal
opinion and the printing of the
bonds will be
paid by the District.
Delivery will be made at Detroit.
In! the event that prior to the de¬
the bonds, the income
received by private holders from
bonds of the same type and char¬
acter
shall
be
taxable by the
livery of
terhis
law
of any Federal
hereafter
income tax
adopted by Con¬
gress, the successful bidder may,
dt his election, be relieved of his
obligations under the contract to
purchase the bonds and in such
dase the deposit accompanying his
bid will be returned.
Enclose a
certified check for $980, payable
disposal plant bonds.
sewage
In¬
by
Mich.,
No.
Fractional
6..
.way
Mile-Half•
Drain District, Mich.
County,
Nine
[ [ Lien Sought on Plant Property
—The
bondholders
of
Macomb
whose bonds have been
declared illegal by every Court
County,
Appeal, have filed an amend¬
ment to an existing suit against
the
County
asking the Circuit
Court to give them a lien on the
Nine Mile Disposal Plant.
of
Hennepin County Independent Con¬
85
solidated School District No.
Bond Sale—The $150,000
refund¬
ing bonds offered for sale on May
21—v. 161, p. 2273—were awarded
to Kalman & Co., of St. Paul, as
Is, at a price of 100.223, a basis
of about
1945.
15,
Dated May
0.962%.
be
to
named
bidder,
thereafter. All bids must be sealed
and
bonds
bids
oral
no
or
bid
any
bearing more than
for
single
a
rate of interest will be considered.
Each
bid, except bids submitted
by the Board of Public Works of
the City of Blue Earth, shall be
accompanied by a certified check
cashier's
bank
or
of
amount
of
the
2%
check
in
of the face
the
value
for payable to
City Treasurer.
The city will furnish the printed
the
bonds
order
of
bid
the
bonds
and the approving opinion
Dorsey, Colman, Barker, Scott
Minneapolis, without
cost to the purchaser and delivery
of
& Barber of
of
the
in
forty days after date of sale or
purchaser's option thereafter.
at
bonds
will be made
with¬
Dakota County Indep. School Dist.
No. 100 (P. O. Lakeville), Minn.
Bond Offering—Sealed bids will
L.
$22,000
until
M.
8
Yung,
coupon
p.m.
refunding bonds.
Denomination $1,000.
1, 1945.
Due
on
June
of the
on
Clerk
Dated June
Dec. 1
as
follows:
$1,000 in 1947 to 1956, and $2,000
in
in
so
1957
to
1962;
1947
to
1956
those maturing
inclusive, being
payable without option of prior
payment, but those maturing after
due
National
Minneapolis, for Is, at
a
Bank,
price of
Bond Sale—The
ing bonds offered for sale on May
18—v. 161, p. 2273—were award¬
ed
Northwestern National
the
to
Bank,
Minneapolis,
of
the
and
County State Bank, of
Slayton, jointly, as %s, at a price
of 100.28, a basis of about 0.61%.
Dated May 1, 1945. Denomination
$1,000. These bonds are due $25,Murray
000
1946 to 1948. The
highest bidder was Paine,
Webber, Jackson & Curtis, for
0.70s, a price of 100.009.
May 1,
on
next
Village Clerk, will receive sealed
bids until 8 p.m. on July 2 for the
purchase of $15,000 2% village
bonds. These bonds are due $1,000
on June 1, 1947 to 1961.
Bond Sale—The
$39,000 refund¬
ing bonds offered for sale on May
18—v. 161, p. 2273—were award¬
ed
J. M.
to
neapolis,
100.107,
Dain
&
0.90s,
as
Co., of Min¬
a price
of
at
basis of about 0.88%.
Dated June 1, 1945.
Denomina¬
tion $1,000. These bonds are due
on
Dec. 1, as follows: $3,000 in
1946 and $4,000 in 1947 to 1955.
The
next
highest bidder
Co.,
for
price of 100.02.
Taylor
was
Is,
Al¬
at
Falls,
the
rate
specified by the successful bidder,
but
not
exceeding
1M>%
per
annum, payable semi-annually on
June
1
and
December
1
of
each
be
Principal and interest will
payable at any suitable bank
or
trust
year.
company
in
$1,812,000. All bids submitted for
the bonds at the original offering
Phillips Co., of
1.10s, at a price of
basis of about 1.07%.
Paul,
100.20, a
Dated
tion
on
as
June
$1,000.
1, 1945. Denomina¬
These bonds are due
December 1, as follows:
$2,000
1955, and $1,000 in 1956.
The next higher bidder was: Alli¬
in 1947 to
son-Williams
Co., for
1.20s,
at
a
price of 100.21.
MISSISSIPPI
Batesville, Miss.
2273.
Bond
Sale Details—The $60,000
the United
on
Dec.
19
and
awarded
Picayune, Miss.:
Co., of
Vicksburg, jointly, as l%s, at a
price of 101.208—v. 161, p. 54—
1964.
issue of $1
con"
airport
was
favorably
on
May
W est point, Neb..
Bonds
Purchased
The Citv
—
Clerk has announced that
of
bonds
an
issue
auditorium
$25,000 2V2%
chase
pur¬
has
been
purchaser*
by the City. Dated Feb. 15, 1945
Denomination $500.
Washoe
County (P. O. Reno), Nev.
Election
Bond
000
vorably voted at the election held
that the proposal to hold
tion
bonds
tal
NEW
Issuance, Indefinite—The
Hulen, Judge of the U. S.
Circuit Court for the Eastern Dis¬
Missouri
the
denied
has
certain
bondholders
to
paid into Court by the U. S.
of Interior, for the
purchase of all but 11,000 acres
of the 33,000 acres of the 'above
district, as a game and wild life
refuge. According to the decision,
funds
will be paid to land¬
Bowman & Co., St. Louis.,
state
that they
have been in¬
formed by counsel that there is
owners,
little bondholders
can do, and that
project is in jeopardy.
Unless an appeal is made within
30 days, the judgment will stand.
the
An
,
issue
Auditor for the Municipal
man,
speaking for the Borough, that the
governing body was pot enthused
over any refunding plan and felt
that if due
Election
$130,000 .bonds
bonds and
bonds—will
be
>
O. Circle),
An
June 5.
_
the present
debt service calendar.
Mr. Bowman further stated that
the
Borough
either
to
as
was not in default
principal or interest
sufficient1
and had been
collecting
given year to meet
to
requirments of that year.
a cash basis budget
of
the
to
held
of
some
existing
$9,100 was
Rogers & Co., New
next called upon.
Norton,
City,
.
was
his sole
refunding was
anual charges for
Mr. Rogers stated that
idea in
to
proposing
the
educe
1
'
a
service, thus giving the Bor¬
ough a more flexible budget. He
debt
stated
r
as
deficit
prepared
the
time
such
liquidated. This problem was dis¬
cussed at length and Mr. Rogers,
of
court
be
a
He stated that
:
$50,000 hospital
submitted
;_■
■
issue
$80,000
at the election
voters
on
exercised in
was
preparation of annual budgets,
the Borough could function under
York
—
—
care
the
of could not, however, he
Mont.
\
house
r
•
McCone County (P.
.
Finance Commission of the State,,
cash
June 5.
our
was
considering a
plan for refunding the borough's
indebtedness—v. 161, p. 2274—it
was reported by Edmund'D. Bow¬
until
on
Proposal Dis¬
In connection with
Commission
$100,000 post-war county hospital
Bond
Refunding
report that the Local Government
construction bonds will be submit¬
ted to the voters at the election
to be held
future.
—
the full
(P. O. Baker), Mont.
—
on
cash within
MONTANA
Election
held
May 8 will not'be issued in the
entire
Bond
bonds that
election
the
at
carded
R. M.
the
construction
carried
Debt
of
JERSEY
Somerdale (Borough of), N. J.
Mingo Drainage District, Mo.
of
j
Ridge School District, N. J.
$920,000
MISSOURI
trict
an elec¬
issue of $750,000
hospihas been dropped.
on an
immediate
May 8.
on
Rejected—E. H
Clerk, reports
County
Beimer,
Bond
$200,school building bonds was fa¬
that
he
had
objections
no
to
Montana (State of)
;
Bond Election—An issue of state
highway debentures amounting to
$15,000,000 will be submitted to
the
voters
held
on
to
at
the
election
to
be
allowing the bonds to remain
in their piesent form if the Bor¬
ough Council felt they could meet
the required debt service appro¬
priations and he would not press
the matter further.
Mr. Rogers
June 5.
then advised Mr. Bowman
be
would
These debentures
used
to
finance the
post-war
highway
con¬
Toole
would
County School Dist., No. 14
(P. O. Shellby), Mont.
Bond
Sale Detail:*—1The
$26,000
offered for sale
the
bonds at the
into coupon
meeting of the
then
Council and
proceed to dispose
'
same.
that he
his bonds for con¬
submit
version
next
After further discussion,
December 21 and awarded to
J.M. Dain & Co. of
Minneapolis—
Commission would take no
v.
161,
54—were sold
p.
at par, and mature
i',,1?45 to 1954>
full 5 years after
$2,600
as
23/4s
on
Dec.
redeemable
in
date of issue.
Wheatland County (P. O. Harlowton), Mont.
Bond Election—An issue of
$75,hospital bonds will be
submitted to the
voters
at
the
election to be held
TenaRy, N. J.
Bond
sewer
Beaver
Bonds
City School District, Neb.
Purchased—An
issue
of
as
iy4s.
'
■
•
$81,000 storm,
for sale on
Sale—The
bonds
22—v.
awarded
NEBRASKA
action
looking toward the enforced re¬
funding of /the indebtedness 01
the Borough at this time, but it
at any time in the future the Bor¬
ough Council concluded that a re¬
funding - was in order, the plan
would be considered on its merits.
May
June 5.
on
it was
Finance
agreed that the Municipal
on
ot
Ay..
refunding bonds
$20,000 refunding bonds was pur¬
are
in the denomination of $500, chased
recently by the John M.
and mature $3,000 on Dec. 15, 1945
Douglas Investment Co., of Omaha
to
bonds
voted at the election held
'
Bonds Voted—An issue of
to
Scharff & Jones, of New Orleans
and the J. G. Hickman
Voted—An
structiom
Glen
000 county
;
A.
municipal
?
May 24 were rejected.—V. 161,
p.
Caldwell
St.
industrial plant bonds offered for
a
to
amounting
bonds
refunding
State's
$19,000 refund¬
ing bonds offered for sale on May
21—v. 161, p. 2273—were awarded
to
Bonds
250,000
struction program.
sale
at
sixth
of
Bond Sale—The
bonds
interest
25 for the purchase
series, coupon highway
bids, until May
are
Minn.
Interest M-N.
sealed
Bond Commission received
a
;
sive.
$1,000
1946 to 1953 toch
NEVADA
a
lison-Williams
$100?
nb
due
are
1, from
iri
bond attorney.
Mississippi (P. O. Jackson), Miss.
Bonds Re-Offered — The State
Sibley County Indep. School Dist.
No. 19 (P. O. Gaylord), Minn.
1956, and on any interest
payment
date
thereafter.
The
bear
in 1951 to 1964,
and $10,000 in 1965. These are the
bonds authorized at the election
held on April 17.
The sale of
bonds is subject to validation and
approval of a nationally known
Fallon County
Royalton, Minn.
Bond Offering—M. H. Dimitch,
.bonds
These
Nov.
1950, $25,000
to
Department
$75,000 refund¬
Corp., of Omaha—v
2799—were sold at par.
1, 1944. Denomination
p.
the
purchase of $400,000 1M>%
paving bonds. Dated July 2, 1945.
These bonds are due $8,000 in 1946
funds
Minn.
1,
will
sealed
June 5 for
bids until 7.30 p.m. on
claim
Murray County (P. O. Slayton),
awards
WKh1
the
Nov.
•
F. Archer,
receive
will
Clerk,
City
July 1, as fol¬
on
First
was
1, 1956, to be subject to re¬
demption and prepayment at par,
at the option of the District, on
Dec.
Greenville, Miss.
Bond Offering—Geo.
Denomination $1,000. These
are
bonds
to
year
Bender
on
on
(P. O. Mound), Minn.
Dec.
;
Macomb
,
School District
8, accord¬
ing to A. C. Knutson, City Clerk.
the
rate
terest
by
May 22, for the purchase of the
3%, certificates of in¬
debtedness, dated Dec. 30,1939, is¬
sued in the name of Farmington
and West Bloomfield Townships,
elec¬
100.216.
School Board, for the purchase of
District's
an
tion scheduled for June
by Walter Enger, City
Clerk, for the purchase of $250,000
June 4,
on
4,
tenders were received on
$339,000 refunding bonds will be
submitted to the voters at
bidder
to the District.
no
v.',
Bond Election—The issuance of
Offering—Sealed bids will
be received until 8 p.m. (CWT),
Bond
*'<
#0 Tenders—Paul R. Schreiber,
Ely, Minn.
$13,000 in 1946 to 1956, and
$7,000 in 1957.
The next highest
received
that
split rate. Bids will be preferred
according to the lowest interest
cost computed to maturity.
refunding
last
'
Details—The
Omaha, Neb. r
lows:
be
District Secretary, has announced
l/10th of 1% with
or
uniform rate for all bonds—not
bonds
I
MINNESOTA
Blue Earth, Minn.
payable J-J. Denomina¬
tion $1,000.
Dated July 1, 1945.
Separate bids are requested on the
bonds and the interest thereon as
$125,000 of bonds, maturing on
the same shall become due, with¬
July 1 in 1948 to 1958, and on the
out
limitation
as
to
rate
or
$125,000
bonds
maturing
from
amount. Award will be made to
July 1, 1958 to 1967. All bonds
the.)bidder whose proposal pro¬
will mature serially without op¬
duces the lowest net interest cost tion of prior payment; $12,000 on
to,the District after deducting the
July 1st in each year from 1948 to
premium offered, if any. In de¬
1957, both inclusive, and $13,000
termining the net interest cost,
from 1958 to 1967, both inclusive,
interest on premium will not be
except that bonds maturing in the
cqnsidered as deductible and in¬
years from 1963 to 1967, both in¬
terest on bonds will be computed
clusive, shall be callable at the
from June 1, 1945 to their respec¬
option of the City on July 1, 1950,
tive maturity dates.
The right is
or
any
interest payment
date
reserved to reject any or all bids.
No
par
tiples of y4
Bond Sale Details—The
in
multiples of V\ of 1%. Principal
and interest (J-D payable at the
Detroit Trust Co., Detroit.
These
bonds will be the general obliga¬
tions of the District, which is au¬
thorized and required by law to
than
a
$2,000 in
Warren Consol. Sch. Dist.
ber, Secretary of the Board of
Education, will receive sealed bids
until 8 p.m. (EWT) on May 28
$440. No bid of less
will be considered, and
the District reserves the right to
of
amount
of 97.34.
of
Farmington Township School Dist.
O. Farmington), Mich.
as
be
must
reject any and all bids. Bidders
are
requested to specify the de¬
sired interest rate in integral mul¬
$100,000.
in
1,
March
on
bid
received. Each
unconditional and
$1,000 in 1948 to 1953,
1954 to 1975.
The
next
highest bidder was H. V.
Sattley & Co., for 2%s, at a price
fuel, one ton of coal is
basis, Detroit of¬
ficials expect to reduce the city's
incinerator fuel bill by $40,000 a
the
due
are
follows:
and
On this
from
Denomination $1,000. These
1945.
bonds
incinerator
year
accompanied by a certified check
or cashier's check, payable to the
Treasurer of said District, in the
2s, at a price of 100.155, a basis
of about 1.988%. A Dated May 1,
paper
estimates are
that for every five tons of com¬
bustibles
salvaged and used as
saved.
No oral
acceptance of bid.
after
auction bids will be
p.
As to fuel savings,
*
water
$50,000
2273—were awarded to the
Wayne State Bank, of Wayne, as
age! yield: six tons of scrap metal,
16 tons of glass,
one and a half tons of corrugated
14 tons of mixed
and 1;wo tons of rags.
Sale—The
Bond
days
forty
within
made
be
supply system revenue bonds of¬
fered for sale on May 22—v. 161,
26 tons of tin cans,
paper,
will
2Vz%
late
March 1, as
follows: $1,000 in 1945 to 1955, $3,000 in 1956, $4,000 in 1957, $5,000
in 1958, and $6,000 in 1959. These
bonds are dated Sept. 15, 1944.
mature
and
Sale
Bond
Weil & Arnold, of
New Orleans, at par—v. 161, p. 54
—are in the denomination of $1,000
y Dakota City, Neb,
;
Bond Sale
the
nish
Miss.
Bay Saint Louis,
designated. by the success-^
The District will fur¬
States
full bidder.
Monday, May 28,
1945
'
-
FINANCIAL CHRONICLE
THE COMMERCIAL &
2384
to
offered
161,
the
p.
2157—were,
National
Bronx
Bank, of New York, as 1.20s, at
a price of
100.061, a basis of about
1.192%.
Dated
nominatiton
June
$1,000.:
1, 1945. DeThese bonas
are. due
on
June 1,
as follows..
$5,000 in 1946 to 1960, and $6.00U
in 1961.
The next higher bidder
was
Campbell & Co., for
1.40s, at
1
'
Other bidders
price of 100.69.
a
'<
'
-
-
.Price
-Int. Rate
M. Freeman As Co.-—
Boland, Saffin Ac Co.; and
Rochelle : Park . Bank,
Rochell Park, jointly—
Bid
1.40% V 100.35
1.40
100.31
Allen & Co
L.
,
„
■
Bidders-—
H
■•■';
/
V7
-
<
1
•
M
„
.
>
.
-
-
J/..
bonds of the
same
type and char¬
100.36
for
election, be relieved of his obli¬
amount
gations under the contract to pur¬
Each rate
the deposit accompanying
will be returned. Enclose
fied check for
100.08
rates for the
acter shall be taxable by the terms
of any Federal income tax
law,
the successful bidder may, at his
chase the bonds and in such
100.064
100.00
1.40
Tenafly Trust
Co.—— 1.45
U j Van Ingen & Co—~\lk
Northern
Valley National
Bank, Tenafly —.1.—_ IV2
Tenafly Mutual Savings &
Loan
Association1.60
a «r» ***.
THE COMMERCIAL & FINANCIAL CHRONICLE
-Number 4389
Volume 161
were:
•
i
A
<
4*,
Town.
case
his bid
certi¬
a
$240, payable to the
each
must
of
New York
(State of)
Local
School
District
Bonds
(Borough of), N. J.
;
Apparent Default Situation Publicly Offered —A syndicate
headed by George B. Gibbons <&
Clarified—At a meeting of the
Local Government Board of the Co., Inc. and including Charles
E. Weigold & Co.,
Inc., E. H. Rol¬
State held on May 14, the Munici¬
lins & Sons Inc. and B. J. Van
pal Finance Commission discussed
Ingen & Co., Inc. on May 21
a previous report—v. 161 p. 2049—
which had gained circulation to offered 23 various issues totalling
issue
of
no
and
bidder
each
his
in
bonds
of
bid
each
the
rate.
bid for bonds
must be
maturities.
consecutive
bid
than three rates
The
bonds will be awarded to the bid¬
der
offering to purchase the bonds
the lowest
at
interest cost to the
such cost to
by
deducting
mined
Union Beach
balance, but
more
specify
County,
.
100.00
may name
be deter¬
the total
for
2385
the purchase of
$51,000 re¬
funding road coupon bonds, not
exceeding 6% interest.
Dated June 1, 1945. Denomina¬
character shall be taxable by the
.
tion
$1,000.
income fax
law, the successful bidder may, .'pt
his
election, be relieved of his
obligations under the contract to
Due June
1, as fol¬
$5,000 in 1946 to 1954, and
$6,000 in 1955. Not registerable;
delivery at place of purchaser's
choice.
Principal
and
interest
(J-D) payable in lawful money
lows:
New
in
invited
York
to
City.
rates in
Bidders
purchase
the
case
bid
the
will
be
to the
Call —Jack
Bond
sioners,
respective maturities. The
part of the bonds having the earli¬
est maturities and
another rate
ing opinion of Reed, Hoyt &
Washburn, of New York, will be
furnished the purchaser.
In the
event that prior to the delivery
for the remainder.
funding
approv¬
multiples of % of 1%,
for
rate
Enclose
a
$5,660, payable
;
f 1 11 ■■
Wilbox,
Highlands, N. C.
and
one
such
State Treasurer.
or
name
in
are
amount of the
may
and
returned.
certified chek for
the
premium bid from
aggregate amount of interest
upon all of the bonds until their
bonds
deposit accompanying his
the interest rate
name
4
terms of any Federal
Clerk
a
4%
of
Board
the
has
H.
Commis¬
of
that .'the
announced
electric
light
and
sewer
re¬
offering to purchase the bonds at
and 21,
July 1,
on which
date interest ceases, -at
par and accrued interest, at the
of the bonds the income received
Central
$3,299,500 of Union Free and Cen¬
the
the Borough was in
default to the extent of $6,350.00
on March 31, 1945. This statement
tral
by private holders from bonds of
township, such cost to be deter¬
mined by deducting the premium
procured from a financial re¬
port appended to the minutes of
April 23, which report should
State Comptroller Frank C. Moore
the effect that
was
qualified to the exteqt
refunding bonds are
have been
that
new
available to the holder of the in¬
in
struments
question.
The
re¬
plan having been ap¬
proved by the Municipal Finance
funding
Commission
and
thorized for
bonds
they
at
public
than 85% of the creditors had as¬
and the plan thus
binding
new
all creditors.
on
-
Bill
Rejected
York
on
May 17. The
priced to yield from
1.8% according to ma¬
to
(A.
Int.
providing for the issuance
of pay¬
ing salary increases to city em¬
ployees was rejected by the Legis¬
-
Bond Issue Rejected—Milton
—
Notice has
given to the holders of the
Authority's first lien, 5%,. 20-year
bonds due on Jan.'T, 1954, that
$150,000 principal amount of these
bonds have been drawn by lot for
redemption through the sinking
fund on July 1,1945, at 101%, and
accrued interest. Immediate pay¬
Utica, N. Y.
Bond Sale—The $494,000
improvement
sale
bonds
awarded
Co.
Bankers
of New York
0.70s,
basis of
as
a
scribed
for
2275—
p.
the
to
public
offered
May 24—v. 161,
on
were
and
at
ders
for
used
Bank,
construction.
Offering
—
sealed
(EWT)
bids
1969.
100.153
100.126
100.078
0.90
Pending
Council is
—
said to
an
The
have
ordinance
program
north
carolina
Avery County (P. O. Newland),
bids
at
his office
in
Ral¬
not exceeding 6% in¬
7;
V' ;..v■
$404,000
terest.
under the Town Law and the pro¬
posed bond issue is authorized by
valid and legally binding obliga¬
tions of the Town and the Town
will have
power and-will be obli¬
gated to levy ad • valorem taxes
W. E. Easter-
eigh,' until 11 A.M. (EWT) on
May 29 for the following coupon
Refunding bonds, amounting to
The Town operates
Principal and interest
(J-D) payable at the HighlandQuassaick National Bank & Trust
Co., Newburgh. The bonds will be
—
ernment Commission will receive
multiple of % or one-tenth of
1%, and must be the same for all
law.
Offering
ling, Secretary of the Local Gov¬
Rate of interest to be in
'
until
11
a.m.
(EWT)
$129,000 General bonds. Due June
1, as follows: $6,000 in 1946
to 1957, $7,000 in 1958 to 1964,
and
$8,000 in 1965.
76,000 Water bonds.
Due June
1, as follows: $2,000 in 1946
;
to 1948, $2,500 in 1949 and
1950, $3,000 in 1951 and 1952,
$3,500 in 1953 and. 1954, $4,000 in 1955, $4,500 in
1956
and 1957, $4,000 in 1958, $4,500 in 1959 and 1960, $5,000
in 1961 and
1962, $5,500 in
1963 and 1964, and $5,000 in
?,lns> Delafield & Longfellow, of
New York
City, to this effect will
he
furnished
to the successful bid¬
der.
In the event that
prior to the
delivery of the bonds the, income
$65,000 School bonds.
Due June
1, as follows: $5,000 in 1946
vand $3,000 in 1947 to 1966.
344,000 General bonds, Due June
1, as follows: $4,000 in 1946
.and $17,000 in 1947 to 1966.
'
"
Dated June 1, 1945.
$1,000 and $500. Registerable as to principal only; general
obligations;
unlimited tax; de¬
at
place of purchaser's
choice. Principal and interest pay¬
able
in
lawful money in
New
A
City.
interest) is required.
Bidders are requested to name the
interest rate or rates, in multiples
one
received by private holders from either
I
of 1%.
separate
bid
for
^
ing opinion of Storey, Thorndike,
Palmer & Dodge, of Boston, will
be furnished the purchaser.
In
the event that prior to the deliv¬
ery of• the bonds the income re¬
by
private
holders
same
acter
be 7 taxable
shall
from
type and char¬
by
the
terms of any Federal income tax
law, the successful bidder
may,
at
his
election, be relieved of his
obligations under the contract to
purchase
bid
the
bonds
the deposit
case
be
will
in
and
such
accompanying his
returned.
certified check for
Enclose
a
$1,020, payable
to the State Treasurer.
W.
the
E.
Easterling, Secretary of
Local
Government
from
unlimited
tax
to
levied
be
all taxable property within
Township.
The
approving
legal opinion of Storey, Thorn¬
dike, Palmer & Dodge, of Boston,
upon
requested
to
name
the
rates, in multiples
or
% of 1%. Each bid may name
of
of the bonds of
rate for part
rates
for the
each
must
or
balance, but no bid
name more
may
for
another rate
and
issue
either
than three rates
each bidder
and
issue
bid
his
in
specify
the
each rate.
Each rate must be bid for bonds
of
consecutive maturities.
The
bonds will be awarded to the bid¬
amount
of
bonds
*
of
purchase the bonds
the
the lowest interest cost to
at
by
determined
deducting the total amount of
the
premium bid from the aggre¬
gate amount of interest upon all
of the bonds until their respective
maturities. The
approving opinion
Thorndike, Palmer &
Boston, will be fur¬
nished the purchaser. In the event
that prior to the delivery of the
bonds the income received by pri¬
vate holders from
bonds of the
same type and character shall be
taxable by the terms of any Fed¬
of
Storey,
Dodge,
of
eral income tax law,
ful bidder may,
the success¬
at his election, be
under
the
contract
to
purchase
the
bonds and in such case the de¬
relieved
of his obligations
linton),
Bend
ling,
N.
Offering—W.
C.
E.
Easter-
Secretary of the Local Gov¬
fore date
wpich will be furnished with the
bonds upon their delivery, will so
This information was made
a supplemental notice
through oversight, it was not
contained
in
the
notice.
1
official
7.;;-:
sale
7-77
Offering—W.
E.
v;v
,
Commission, will receive
bids
until
11
a.m.
sewer
refunding
coupon
bonds, not exceeding 6% interest.
Dated June 1, 1945. Denomina¬
tion $1,000.
Due June 1, as fol¬
lows: $22,000 in 1946, $23,000 in
1947,; $24,000 in 1948 and 1949,
$25,000 in 1950, $26,000 in 1951
and 1952, $27,000 in 1953, $28,000
in 1954, and $29,000 in 1955 and
1956.
Registerable as to principal
only; general obligations; unlim¬
ited tax; delivery at place of pur¬
chaser's choice. Principal and in¬
terest
(J-D) payable in lawful
money in New York City. Bidders
are requested to name the interest
rate or rates in multiples of % of
1%. Each bid may name one rate
for part of the bonds, and another
rate or other rates for the balance,
but no bid may name more than
three rates, and each bidder must
specify in his bid the amount of
bonds
each
of
must be
Each
rate.
rate
bid for bonds of consec-
utive maturities.
,
■
The bonds will
be awarded to the bidder
voted at
cost to be determined by
bonds
an
interest
will
be
the
the
purchaser.
the
of the bonds
of
en¬
prior to the de¬
received by private
bonds
be
Cutler, of Chicago,
furnished
In the event that
livery
will
The approving opinion
of Chapman &
income
holders from
same
.
:
type
? '
^
$97,favorably
was
election recently. The
issue $118,000 water
extension bonds in the
system
future.
near
.1';
Washington County (P. O, Ply¬
mouth), N, C.
I
Bond Election Planned—J. Rob¬
ert
Campbell, Clerk of the Board
Education, reports that the
has instructed the Couhty
Attorney to prepare papers calling
of
Board
for
election
an
voters
bonds
an
submit
to
the
to
constructibn
of
issue
amounting to $250,000.
north dakota
■1
/
Mercer County Schramjn Sch. Dist,
No. IT.(P. O.
!
|
Rrem), N. D.
Bond Election—An. issue of $6,-
school
000
not exceeding
3% interest will be submitted to
the voters at the election to be
held
on
bonds,
June 5. Dated July 1, 1945.
These bonds
are
due in not
more
than 20 years.
;
*
Wahpeton School District, N. Dl
.Bond Sale—The $190,000 build¬
ing bonds offered for sale on May
22—v. 161, p. 2050—were awarded
to a syndicate composed of Park^
Shaughnessy & Co., of St. Paul,
C. S. Ashmun Co., Allisons-Wil¬
liams
Co., both of Minneapolis,
Kalman & Co., of St. Paul, J. Mu
Dain & Co., and Piper, Jaffray
Hopwood, both of Minneapolis^ as
IV4S, at a price of 100.739, a basis
of about 1.1883%.
Dated May 1,
1945.
Denpm. $1,000. These bonds
due on May 1, as follows:
$5,000 in 1948 to 1951, $10,000 in
1952 to 1959, ahd $15,000 in, 1960
to 1965.
The next higher bidder
was First National Bank, St. Paql,
and First National Bank, Minner
apolis, jointly, for 1.20s, at a pripe
are
of
100.118. 7.. /
;.
,,
ohio
Alliance,
deduct¬
No bid of less than par
accrued
'■
-f
town plans to
offering
ing the total amount of the prem¬
ium
bid
from
the
aggregate
amount of interest upon all of the
bonds until their respective ma¬
and
"
>
C.
Norwood, N. C.
sewer
purchase the bonds at the lowr
est interest cost to the City, such
tertained.
N.
Bonds Voted—An issue of
000
to
turities.
'-7'
.
,
$76,000 issue of
1945 refunding bonds offered foj?
sale on May 22—v. 161, p. 2275rwere awarded to Scott, Horner &
Mason, of Lynchburg, at a price
of 100.031, a net interest cost of
2.133%, as follows:
For $11,000
maturing on March 1, $2,000 in
1946 to 1949, $3,000 in
195Q< as
6s, and $65,000 maturing on March
1, $3,000 in 1951 to 1959, $4,000
in 1960 to 1966, and $5,000 in 19,67
and 1968, as 2s. All these bonds
are dated March 1, 1945.
The next
highest bidder was R. S. Dickson
& Co., for $38,000, 23/4s, and $3$^
000, 2V4S, at a price of par,' a
2.397% basis.
; S
(EWT)
on
and
1
Maxton,
Easter¬
ling, Secretary of the Local Gov¬
ernment
payment on or be¬
called, with July 1, 1945,
attdcfted.
Bond Sale—The
Hendersonville, N.C.
Bond
Trust
Dated July
and subsequent coupons
the
as,
&
Bank
Commis¬
sion, has announced that the $51,000 refunding road bonds will be
the
general
obligations of the
Township and shall be payable as
to
both
principal and interest,
ders
are
sent bonds for
The approv¬
May 29 at his office in Raleigh
for the purchase of $283,000 water
Each bid may name ernment Commission, will receive
of the bonds of (sealed bids until 11 a.m. (EWT)
and another rate or 1 on May 29, at his office in Raleigh,
rate for part
entertained.
sealed
arid accrued
of 14
will be
Hanover
1, 1938. These bonds are due' 6h
July 1, 1968. Holders should prer
their
respective maturities.
No
bid for less than all of the bonds
20
Co., New York City.
bid from the aggregate amount of
interest on all of the bonds until
available in
1, 1945. Denomina¬
tions
Denomina¬
tion
$1,000. Registerable as to
principal only; general obligations posit accompanying his bid will
upon all the taxable "real prop¬ -ullmited tax; delivery at place be returned.
Enclose a certified
Principal check for $4,100, payable .to the
erty within the Town for the pay¬ of ourchaser's choice.
and
interest
(J-D) payable in State Treasurer.
ment of the bonds and interest New York
City. A separate bid
thereon, without limitation of rate
Franklin Township (P. O. Frankur
amount. The opinion of Haw- for each issue (not less than par
11
the
to
state.
Town, such cost to be
N. C.
sealed
bids
May 29, at his office in Raleigh
for the purchase of the following
coupon refunding bonds, amount¬
ing to $205,000, not exceeding 6%
interest.
'
/7;
: ■ * • ;
der offering to
re¬
Bond
W. E. Easter-
—
cost
bonds of the
on
interest rate
bonds.
p.m.
Bond Offering
interest
.
ling, Secretary of the Local Gov¬
ernment Commission, will receive
sealed
lowest
ceived
Boone, N. C.
one
construction
school
a
said
Issuance
on
of the bonds.
100.07
calling for the issuance of $83,700
Joseph ;Solo2
City Bank, N. Y.
Bond
'•
until
~
3/i
1
Brothers
under consideration
May 28 for the pur¬
chase of $12,000
water system,
second series, coupon or registered
bonds, not exceeding 6% interest.
Dated June 1, 1945. Denomina¬
tion $500. Due $500 June 1, 1946
to
Brown
Common
certified
a
$8,180, jr-ayable to the
(not less than par and
accrued interest) is required. Bid¬
Harriman & Co., jointly. 0.80
main re¬
wi'nski, Town Supervisor, will
ceive
and
jointly
Bank,
Chicago
National
his bid will
par
bonds,
called for payment on
are
interest, to the bidder
each issue
^
.
%
National
and
de¬
State Treasurer.
York
—
Equitable Securities Corp.,
New Windsor, New Windsor Water
Dist. (P. O. New Windsor), N. Y.
Bond
Co.;
Nashville,
100.12
%
_
&
Sherwood & Co.,
"
-
100.132
%
Bank,
Braun, Bosworth & Co.,-,.
Inc.; Commerce Union
First
the
The bonds will
awarded, at not less than
and accrued
livery
•
>
...
Childs
100.029
0.70
Bronx
F.
for
case
Enclose
Dated June
100.183
0.70%
Savings
New York
•
C.
recent elec¬
water
&
Chicago
jointly
check
Corp.,
-
Trust
National
such
obligations
purchase the
Int. Rate Price Bid
Securities
Bank,
of
be
his
1965.
Halsey, Stuart & Co., and
Blair
&
Co.,
Inc.,
approved the issu¬
$100,000 water bonds by
a count of 182 to 16, according to
City Clerk Claude F. Babcock. The
funds realized through; the sale
will
follows:
as
Bidders—
Harris
Other bid¬
1, 1945.
Pittsburgh
tion the voters
ance
were
Mellon
Hornell, N. Y.
a
Due
-
7 Dated June
Traders Trust Co., Buffalo.
Bonds Voted—At
bonds.
A
$15,000 on June 1, 1946-1955.
160,000
series B
bonds.
Due
$16,000 on June 1, 1946-1955.
184,000 series C bonds. Due June
1, as follows: $37,000 in 1946
to 1949, and $36,000 in 1-950.
Manufacturers
the
-
series
in
and
returned.
de¬
are
follows:
as
$150,000
ment, together; with accrued in¬
terest to redemption date, may be
obtained
of
his election,
L.
Burma, County Treasurer has an¬
nounced
that
the bill
(A. Int.
2159) and S..Int. 1915), providing
for the issuance of sewage disposal
and drainage facility bonds, was
not passed by the Legislature.
Authority (P.' O. Buffalo), N. Y.
Bond Redemption
bonds
be
Buffalo and Fort Erie Public Bridge
been
relieved
be
posit accompanying
Suffolk County (P. O. Riverhead),
N. Y.
.?"■
•"
cessful bidder may, at
funds in New York State.
■
lature.
type and character shall
by the terms of any
Federal income tax law, the suc¬
same
taxable
be
under the contract to
2329)
of bonds for the purpose
the
legal invest¬
ment for savings banks and trust
are
price of 100.339, a
about 0.62%.
The bonds
Bill
—
New
sale
Trust
york
Albany, N. Y.
,
which
are
.40%
at
-
from
turity. All issues
first instance indicated that more
sented thereto
bonds
au¬
outstanding debt
means that while there may be in¬
debtedness outstanding and un¬
paid, the holder thereof may at
any time avail himself of the new
bonds. The plan of refunding was
approved by the Municipal Fi¬
nance
Commission, which in the
became
District
purchased
bonds
all
new
School
be
Nos.
.
Bond
Ohio
Ordinance
Passed
—
On
May 8, the City Council passs^d
an
ordinance calling for an issue
of
$18,400 2% special assessment
street
15,
on
Denominations
1945.
$1,000 and $100.
due
These bonds are
December
15,
as
$2,400 in 1946, and $4,000
to
Dated
improvement bonds.
June
1950.
Principal
and
follows;
in 1947
interest
(J-D) payable at the City Treas¬
and urer's office.
.
:
u;
'■
Anderson
June
on
the
for
6
purchase
of
$350,00 building bonds, not ex¬
ceeding 3% interest. Dated June
$1,000.
Denomination
1945.
1,
These
bonds
due
are
Clyde,
Dist.
School
Township
(P.O. Newton), Ohio
Bond Offering — R. F. Ayer,
Clerk of the Board of Education,
will receive sealed bids until noon
$7,000
i
The
be received.
bids will
opinion of Peck,
of Cincinnati,
approving
Shaffer & Williams,
will be'furnished. Enclose a certi¬
check
fied
bid "for,
for
bonds
the
of
1%
payable to the Board of
Education.
"
'
Bellevue, Ohio
Offering—Algie
Bond
Arn-
H.
until
system notes provided for
ordinance passed on Dec.
sewage
the
in
Village Council.
15, 1944 by the
Ohio
s
;
Bond Offering — Paul Gaynor,
Franklin,
Village Clerk, will receive sealed
bids until noon on June 2 for the
purchase of $13,000 2% fire ap¬
paratus bonds.
Dated April 10,
1945.
Denominations $1,000 and
$300. These bonds are due $1,300
on April 10, 1946 to 1955. Bidders
bid for a different rate of in¬
in a multiple of % of 1%.
may
terest
Principal and interest (A-O) pay¬
able
at
the
Franklin
National
Bank. Enclose a certified check
for
$100.
chase of $175,000
Denominations
These
bonds
and
$1,000
due
are
*
,
'in 1953 to 1975. Bidders
;
$500.
1,
Dec.
on
U3'follows: $5,000 in 1946 to 1948,
$ 5,500 in 1949 to 1952, and $6,000
'
lot
li
different
a
bid
may
rate of interest in
multiple of 1/4 of 1%. Said bonds
be callable in whole, or in
Ohio
art
by lot, at par plus accrued
on June
1, 1965, or any
i lterest
T li
payment date thereafter.
bonds
e s e
the
rt
and
par
proving
ders
held on
1944. No bid for less than
accrued interest. The ap¬
opinion of Squire, San¬
Dempsey, of Cleveland,
&
Enclose
will be furnished.
tified check for
cer¬
a
$1,800, payable to
City.
Bexley City School District, Ohio
Bond Sale—The $310,000 build¬
ing bonds offered for sale on May
14—v. 161, p. 2050—were awarded
to Halsey, Stuart & Co., as Is, at
a price of 100.519, a basis of about
0.947%,
Denom.
$1,000.
Dated
June 1, 1945. These bonds are due
semi-annually on June and Dec.
1, from 1946 to 1965.
The next
highest bidder was E. H. Rollins
&
Sons, for Is, at a price of
100.048. Other bids, for
follows:
IV4S,
were
as
Price Bid
Braun, Bosworth & Co., Inc.,
and
.;
" v
■
,
Ohio Co., of
2158—were awarded to Braun,
& Co., Inc., of Toledo,
p.
Bosworth
IV4S, at a price of 100.664, a
of about 1.19%. Dated May
as
basis
1945. These bonds are due on
Sept. 1, 1946 to 1970. Interest M-S.
19,
Columbus,
Council is considering issu¬
ing lake project bonds amounting
to $500,000.
Middleburg Heights, Ohio
Tenders Wanted—May A. Lor-
1936.
1,
Due
June
1,
Said
1966.
bonds together with interest cou¬
ghall
pons
Cleveland
be
presented
the
to
Trust
Co., Cleveland,
for payment at par and accrued
interest
through May 31, 1945,
sealed tenders until noon on May
the
for
28
July
Bonds
will
after which date interest
''
*f •" "
ceases.
Bucyrus, Ohio
Bond Sale — The $511,000 2%
water
1945. Denomination $1,000.
These bonds are due on June 1,
June 1,
1947 and
$30,000 in 1948. The next highest
bidder was Braun, Bosworth
&
Co., Inc., for Is, at a price of
follows:
works
mortgage
revenue
1
qnds awarded early this year to
Sijter, Roose & Co., of Toledo—
v.
161, p. 151—were sold at a
price of 97.847, a basis of about
2.106%. These bonds will be call¬
able in December, 1945, or there¬
after, at a price of par.
100.35.
bids, for Is, were as fol¬
Other
lows:
Price Bid
Bidder
y
purchased at the
price tendered to
about $20,000 par
be
of
extent
value.
-/T;
:,::
y/.yy ■
Co.
Pohl &
Assell, Kreimer & Co.
Stranahan, Harris & Co.,
The
Board
C00
in
—
of
Education
The
issuance
due
equipment
until some
ment bonds has been held up,
delivered
be
cannot
in October.
time
/
«
bonds
purchase
to
be
sites
of
to
used
for
the
for
the
school
building program beginning Sept.
1, is planned by the Board of
Education.
Announcement of the
decision
take
to
this
action
at a recent meeting of the
Building and Finance Committee.
Cincinnati School District, Ohio
Bond
Issuance
Planned — The
Beard of Education plans to issue
$3,000,000 of the $16,000,000 school
site purchase bond authorized at
the
general
election
vember, 1944.
held
in
No¬
for
of
the
Council considered on
ordinance calling
issue of $5,000 park and
City
for
an
White & Co.,
Cincinnati, reported
May 23 as follows:
market
past
Ohio
the
in
Bids
lower
were
municipal
during the
for
particularly
week,
the
bonds of poorer quality, and busi¬
ness
continued
index
the
of
be
to
yield
dull.
Our
Ohio
bonds declined from a yield of
1.19% a week ago to a yield of
1.22%- today.
The index for 10
on
lower
grade bonds dropped from
yield of 1.35% to 1.39%, while
the index for 10 high grade bonds
declined
only
from
1.02%
to
,
Painesville, Ohio
\ Bond
of
Sale—The
$5,000 water
improvement bonds offered
on May 22 were awarded
Calvert
homa
$500
&
Canfield, of Okla¬
These bonds are due
City.
1949
in
to
highest bidder
The
1958.
next
the First Na¬
was
tional Bank, of Apache.
be held
elec¬
an
.
were
awarded
to
J.
R.
Edwards, Inc., of Oklahoma City.
Sapulpa,
Okla.
Sale—The $135,000 water
v.
—
awarded to
161,
2158
p.
Ordinance
-
Passed
—
net interest cost of 1.92%
May 21, 1945.
7,
the
ordinance
Treasurer's
office.
Euclid,
Ohio
Dated
.
Denomination $1,-
These bonds
due in 1948
are
1963, and $7,000 in 1964.
The
next highest bidder was R. J. Ed¬
wards, Inc., and C. Edgar Honnold, jointly.
/:
V
City
Auditor,
sealed tenders until
will
noon
receive
May
29 for the purchase of refunding
bonds, dated July 1, 1938, and ma¬
turing
on
July
1,
1968.
The
amount'
on
hand
on
available
for
to the voters
On
—
May
Beidleman,
City Auditor, re¬
that the $70,000 swimming
bonds,
authorized
at
the
election held in November, 1944,
are
not likely to be sold until
ports
pool
after the
war.
$2,000,000
city
'
civic
The
for
of
construction
for
marked
buildings.
not
ex¬
bonds.
extend
already are two plaza
city hall and court¬
area
house.
The
site
selected
the
City
Council for the civic center
com¬
port drawn
by
in 1943. The
up
pres¬
ent plan represents a compromise
between the idea supported by
the
City Planning Commission which
wanted
32 block center and the
a
by the post-war
development committee and some
of
sponsored
the.
property
of
owners
the
area. The present
plan
adopted unanimously by the
City Council. ''///
was
In
the
designated
area
the
Council expects to see constructed
city,
county,
state
and
Federal
building^; concentrating
as
many
governmental units as possible in
the district. ?
/
;,
,
bonds
all
are
due
in
25
years.
OREGON
Crook County School Dist.
Prineville), Ore.
Sale
000
school
May
sold
at
5
(P. O.
,
Details—The
bonds
and
States
$135,-
offered for sale
awarded
National
to
the
Bank
of
v. 161, p. 2158 — were
price of 100.275, a net
—
a
interest cost of 1.136%, as follows:
$65,000 maturing $13,000 on June
1, 1946 to 1950, as Is, and $70,000
maturing $14,000 on June 1, 1951
to
1955, as lJ/4s.
Interest J-D.
June
Commission.
East Fork
"
"
.
Irrigation District (P. O.
River),-Ore.-
Hood
Bond
Election
—
An
issue
of
$270,000 construction bonds will be
submitted
PENNSYLVANIA
to
the
election to be held
voters
on
at
June 4.
the
114
•
10n Q.¬
Mer-
,969
■'
jointly.-..
& Beane,
1 »/4
'
I00 ,
,
'
Bank, Chester
Upper
iy4
Dai by
10Q
V/2
10Q 2Q
SOUTH
CAROLINA
Carolina
(State
Certificate Sale—The
highway
debtedness
22
1
National
Bank, Upper Darby„__
of)
$4,000,000
'in¬
certificates of
offered
161,
for
sale
on
2050 —were
syndicate composed
—v.
a
p.
City Bank, of New
York, First National Bank, of Chi¬
cago, Glore, Forgan & Co., of New
York, A. G. Becker & Co., of Chi¬
Citizens & Southern Nation¬
Bank, of Atlanta, and Scott
cago,
al
Horner
&
as
Is at
of
about
a
Mason, of Lynchburg
price of 100.077, a basis
0.986%.
Dated June
Denomination
certificates
June
;
;
Bond
Beaver Falls, Pa.
Election
An
—
a
election
to
be
These bonds
post-war program.
Mutual
Life
held
;
•
•
Co.,
Portfolio
Offering — Floyd
Starr, Second Vice President,
nounces
that
at
sealed
the
bids
will
company's
T.
be
head
pal bonds. There are 24 separate
lots, consisting of bonds of the fol¬
lowing: States of California, Illi¬
nois, New York, North Carolina
and
Oregon; Boston Metropolitan
District,
Mass.;
Cedar
Rapids,
Iowa; Hillsborough County, N. H.;
Louisville, Ky.; Mercer County,
N.
J.; Milwaukee County, Wis.NashviHe Tenn.;
Oakland, Calif.;
Pittsburgh, Pa.; Richomnd, Va.;
Roanoke, Va.;- Sacramento, Calif.;
St.
Louis, Mo.
'/
Ridley Township (PK O.
Folsom),
; \
Pa.
/■••/.
Sale—The
100.789
Halsey, Stuart & Co.,
Blair &
Co., Inc., •••'
Ingen & Co.,
>
B. J. Van
Stranahan, Harris & Co., Inc.
Hemphill, Noyes & Co.,
Geo. B. Gibbons & Co., Inc.,
Field/Richards & Co.,
Peoples National Bank,
Z
;
Charlottesville,
Kebbon, McCormick & Co.,*
Mullaney, Ross & Co.,
Peoples National Bank,
i
Rock Hill,
^
-
and"'
Miller, Kenower 8c Co.,
Hamilton & Co., jointly
100.639
Chemical Bank & Trust Co.,New York,
• Hy'sy:1 ■
Blyth & Co.,
;:.
Harriman Ripley & Co., Inc.,
Shields & Co.,
"
Kean, Taylor & Co.,
F. W. Craigie & Co.,
;;
Harvey Fisk & Sons,
''
Ryaii, Sutherland & Co.,
Braun, Bosworth & Co., Inc.,
First of Michigan Corp.,
Mississippi Valley Trust Co.,
Louis,
New
v
of Commerce,
Orleans,
Wachovia Bank & Trust Co.,
Asheville;
Stifel, Nicolaus & Co.,.
Courts. & Co., and
$165,000
C. W. Haynes & Co., Z.
100.50
] jointly
First National Bank,
Memphis,
an¬
office, 6th and Walnut Sts., Phil¬
adelphia, until 10 a.m. (EWT) on
May 29 for the purchase of $5,565,000 various State and munici¬
Bond
Price Bid
New York
..
;
Insurance
Philadelphia, Pa.
,
Bidder
Chase National Bank,
on
part of
are
The next
tenders:
of
be submitted to the voters at the
15,
$1,000. These
$500,000 on
15, 1947 to 1954.
National Bank
issue
due
are
highest bidder was R. S. Dickson
& Co., for Is, at a price of 100.059.
The
following bids for iy4s,
were
among
the
unsuccessful
St.
.
received
7,500 street equipment bonds.
Portland
and
Dalaware County National
along the water
front. The plan requires purchase
of 19 blocks now in private hands.
Perm
$275,000 water system bonds.
8,500 cemetery bonds.
6,000 municipal building bonds.
2,500 fire equipment purchase
Bond
ner
;
would
center
blocks
seven
June 19.
amounting to $299,500,
ceeding 3% interest.
These
Co..
Co.,
New-
jointly
Lynch, Pierce, Fen-
1945.
mills for
each of the next five years.
This
will
raise
about
$5,000,000
of
which
$1,000,000
wiR be
ear¬
the following bonds
1, 1945,
The next
highest bidder was the State Bond
Ohio
a
ficials said today.
primary
was
Post-War Bond Issues—Mildred
A.
plan for
held to submit
election
Dated
purchase is $5,000.
Tiffin,
23-block civic center.
The plan is being submitted to the
voters by the City Council, the
American Society of Planning Of¬
a
$250,000 improvement bonds will
Seminole, Okla.
Bond Election Held
United
Tenders Wanted—Lester L. As-
kue,
to the polls in a special elec¬
on June 22 to adopt or refute
fo
On
City Council passed
calling for an issue
of 3% street improvement bonds
amounting
to
$9,864.67.
Dated
Oct. 1, 1945. Denomination $1,000,
one for $864.67.
These bonds are
due $864.67 in 1946, and $1,000 in
1947 to 1965. Principal and inter¬
est
(A-O) ;payable at the City
May
an
voters will
Bond Election—The
waterfront
L. Davis, Small-Milburn
E. Piersol Bond Co., and
Calvert & Canfield, all of Okla¬
homa City, at a price of 100.048,
an
&
H.
1Q
of the National
Portland, Ore.
on
were
—
syndicate composed
a
of Evan
22,
W.
awarded to
it is stated.
idea
system bonds offered for sale
000.
rill
May
prises the bulk of the property
suggested in the Moses Plan, a re¬
June 5,
on
Elmore City School District, Okla.
Bond Sale—The $15,000 furni¬
ture bonds offered for sale
on
a
&
101-i7G
\:/
ii/4
'
22,
election scheduled for June
blocks and the
Bond Election—An issue of $1,150,000 reservoir and water sys¬
tem improvement bonds will be
May 21
Stroud
Election—The issuance of
In the
Bartlesville, Okla.
April 10
Ripley
and
114ini
&
—
bold's Son & Co.,
South
prove a bond issue of
and a tax levy of two
for sale
to
Inc.,
lV4s.
The voters will be asked to ap¬
Apache, Okla.
works
Harriman
"
Co.,
Clark
jointly
Co.,
state
falling due.
OKLAHOMA
Bond
Parsons .&
'
bonds
20
a
1.03%.
75%
to
Sf Co.,
lce Blfl
»
&
Schmidt,
jointly.^
Charles
and
Molalla, Ore.
Co., J.
of)
Municipal Business Dull—J. A.
on
refunding
Poole
Graham,
&
Deane
and
Charles N. Tripp Co.,
was
$32,000, Hi>s, and $26,000,
; Bond
Dougherty
Singer.
Co.;
Sciibner,
at
payable
(J-D)
bidder
go
Bond
May 10,
was
made
the
County Treasurer's office, or at
the fiscal agency of the State in
New York City. The next higher
interest
tion
\
Issue—On
Issue
$3,000,-
Dated June 1, 1945. Denominatiotn $1,000. These bonds
are
due on June 1, as follows:»
$8,000 in 1946 to 1950, and $9,000
in 1951 and 1952.
Principal and
refund
the Ohio legislature,
in
extending through 1947 au¬
thority of local units to refund
maturing indebtedness, added an
amendment
restricting
the
Norwood, Ohio
Plans Bond
the
the
that
fact
the
to
jointly,
Webster
A.
114s.
as
next year as
amount
Biddefs—
the First
of Springfield and
gon
National Bank of Eugene,
only $570,000 of the grand aggre¬
gate of $760,222 bonds maturing
tion to
is¬
the $20,000 fire equip¬
of
suance
South
of
ing bonds offered for sale recently
awarded to the Bank of Ore¬
June 15, 1946 to I9fin
as
followsInt. Rate p , '
on.
Other bidders were
were
an
100.04
be able to
will
city
$11,000
(P. O. Vida), Ore.
,
Bond Sale—The $58,000 refund¬
$8,600 in fire truck purchase bonds
will be submitted to the voters at
Inc., and
Ryan, Sutherland & Co.,
jointly
submitted to the voters at
Middletown, Ohio
Bond Issuance Delayed—The
Cincinnati, Ohio
.
Bonds
100.31
,-100.30
100.04
Halsey, Stuart & Co.
on
v
in
$29,000
**
,u
\
of
bonds.
refunding
lawful
the
issue of
of
purchase
1937,
1,
'
•
will receive
Village Clerk,
man,
Ohio (State
Brooklyn, Ohio
Bond Call—John M. Coyne, Vil¬
lage Clerk, calls for payment on
June 1, the following 2%-5% re¬
funding bonds:
\
Series No. 2, Nos. 104, 154, 184,
187, 188, 195 and 196. Dated June
%s, at a price of 100.07,
about 0.72%.
Dated
as
basis
a
City
y
<
Toledo,
Mansfield, Ohio
Bond Issuance Considered—The
playground bonds.
-
"•h
19—v. 161,
.
jointly
»w_101.66
Stranahan, Harris & Co., ;
Inc., and
Ryan,;Sutherland & Co.,
jointly
100.843
*
bonds
first reading an
Bidder
-
3%
$75,000
offered for sale on May
lowest
the
The
—
improvement
ground
election
general
Novi 7,
authorized
were
Sale
Bond
fair
will
interest
May 22 —v. 161, p. 2050 —were
awarded to Siler, Roose & Co., of
.
Refunding Authority Limited—
(P. O. Chardon),
Geauga County
2% water works
syistem bonds. Dated June 1, 1945.
bonds
walk
as
June 8 for the pur¬
on
noon
bids
sealed
receive
will
he
an¬
no
holt, City Auditor, has announced
that
has
Clerk,
definite action
has been taken as yet in regard
to the issuance of the $6,000 4%
that
$59,000 side¬
offered for sale on
Sale —The
Bond
School Dist. No. 68
Lane County
Ohio
Toledo,
Ohio
Indefinite—J. V.
Village
nounced
June and Dec. 1, 1946 to 1955,
conditional
Issuance
Wilson,
on
and
$7,000 on June and $8,000 on Dec.
1, 1956: to 1969.
Rate of interest
to be in multiples of Vt of 1%.
Payable from unlimited taxes. No
Note
Monday, May 28, lg45
FINANCIAL CHRONICLE
THE COMMERCIAL &
2386
Commerce
Union
| Nashville,
'ZvV
W. H. Newbold's Son & Co.,
.'.
-
American National Bank,
•
Nashville,
' /
<
Julien Collins &
Gruntal &
• <
Co:;
Co.,
r
A. M. Kidder &
,
Co.;
Tripp & Co.,
V
/ Y
J. C. Bradford & Co., *
Bioren & Co.,
,
Newburger, Loeb & Co.,
White, Hattier & Sanford,
J. R. Wijliston &
Co., and
Kingsbury & Alvis,
| jointly
Lehman
,
;
100.33
1
Bros.,
..
Phelps, Fenn & Co.,
.
Stone 8c Webster and
.
Blodge't, Inc.,
L. F. Rothschild &
re¬
V
Bank,
••
Co.,
funding bonds offered for sale on
May 23—v. 161t i>. «1711—were
Merrill Lynch, Pierce,
Fenner & Beane.,
awarded to Blair &
Paine, Webber, Jackson
& Curtis,
...
E. H.
Rollins & Sons of Philadel-
??iiao'<A°in^y'
101.334,
P
tion
Co., Inc., and
a
$1,000.
as
basis
of
a Price of
1.05%.
about
*945.
Denomina¬
These bonds
are
due
.
.
.
Robinson-Humphrey Co.,
Alex. Brown & Sons,
and
G. H. Crawford & Co.,
jointly
-
10°-21
Number 4389
Volume -161
THE COMMERCIAL & FINANCIAL CHRONICLE
DAKOTA
SOUTH
TEXAS
Blanco
D.
S.
Hurley,
Bonds Voted—An issue of
Bonds Voted—An issue of, $30,-
000 construction bonds
disposal
and
system
sewer
000
April 28.
>:
'
Onida Indep. School District, S. D.
sold
were
p.
Texas
as
bids
—
Bonds
received
for
,
previously reported. These bonds
authorized
were
the
at
held on March 13.
election
-
Rapid City Indep. Sch. Dist., S. D.
Offering—Luella D. Van
Bond
Clerk of the Board of Edu¬
cation, will receive sealed bids
until 8 p.m. on June 5 for the pur¬
chase of $110,000 refunding bonds.
for sale
bid for less than par and ac¬
crued interest will be considered.
:
TENNESSEE
/
f
•
Elizabethton, Tenn.
*
Bond Call—R. B. Moreland,
Recorder and
nounced
sealed
29
to
Increase
,
18.8%
April
more
de¬
a
.
gain
was
Trenton, Tenn.
sealed
and
oral bids will be received
y until 2 p.m. on May 28 for the
purchase of $160,000 Peabody high
school gymnasium coupon bonds.
_
right
call and pay, prior
bonds matur¬
and after June 1, 1953, at
No bond shall be called for
prior to June 1, 1947,
and, thereafter should any of said
payment
payment prior
they
called in the inverse order
maturities mentioned,
shall be
of their serial numbers.
The
shown
interest rate
in
1947
to
1952
of
4%
bonds maturing in 1953
1V4%
are
in the
maturing
notice of sale for bonds
and
for
to 1962 of
suggested rates, and bids
will be received for said bonds
at
other and different interest rates,
all of which will be considered
determining the best bid.
for less than par and
terest will
be
fied check for 5%
in
No bid
accrued in¬
accepted.
A certi¬
of amount bid
is required.
Dated
May
1, 1945.
Optional
May 1, 1955. These bonds are part
of the $185,000 issue authorized at
>.
the election held
In¬
terest M-N.
tively stable
will
of
the
support of
The
W.
P.
of
will
fur¬
be
check
certified
on
t i
e c
o
mitted
the
to
n—An
voters
tion to be held
Denver
City
School
-
on
issue of
1A
June
District,
Superintendent
receive
the elec¬
at
Sligo Independent
Offering
W.
Jones,
Schools, will
bids
until
June
8
for the purchase of $48,000 school
house bonds. These bonds are due
serially in five
Eagle
Pass
Independent
District,
Bond
Superintendent
receive
m.
on
of
chase
School
May
31
$75,000
bonds, .not
of
schools,
until
bids
sealed
for the pur¬
school
house
exceeding
2%'%
in¬
terest.
Dated~June 15, 1945. Denomina¬
Due June 15, as fol¬
1960, $2,000 in 1961 to 1965, $3,000 in 1966
to 1970, and $7,000 in 1971 to 1975.
Principal and interest (J-D) pay¬
able at the place preferred by the
$1,000.
lows:
$1,000 in 1946 to
purchaser.
the
It is the intention of
Board of Trustees to sell the
bonds
at
the
lowest
that will bring a
interest cost
price of approxi¬
mately, but not less than, par and
accrued interest.
Bidders are re¬
quired to name the rate or com¬
bination of two rates with their
bid
the
amount
which is
Any rate or rates
multiples of Vs
proposals will be
named must be in
of 1%. Alternate
considered
option.
on
bonds with
of
of
interest
accrued
will
be
con¬
sidered. >
Royse City Indep. School District,
Texas
Legality Approved—An issue of
$6,500 2V4%, and 2 M>%, series of
1945, refunding bonds has been
approved as to legality by W. P.
Dumas, of Dallas.
dated
are
utility taxes. A number of smaller
cities
Situation
—
owned
counties
them
5-year
The District will furnish
take
can
the
V. Christie
forth
sets
the
to the several de¬
incident
ments
the
under
Court
The
Civil
of
Appeals
lower
s
nothing
bonds, whether original
or refund¬
optionally re¬
deemable regardless of whether
or
not such provision was spe¬
were
applied in the case of bonds issued
under the provisions of Chapter 2,
Title 2, Revised Texas Civil Stat¬
utes of 1925, and Chapter 1, Title
18, Revised Civil Statutes of 1911.
In his communication, reprinted
Core reports
on
the
action of the U. S. Supreme Court
in
County.
the
to
by
on
adverse
Attorney
Texas
the
a
.
General
bill introduced in this year's
the
of
session
Legislature,
State
have
prevented
counties from acting on the right
would
which
to
maturity in
call bonds prior to
accordance with decisions handed
the State's highest court.
down by
refers to the judg¬
of the Seventh Court of Civil
In addition, he
ment
Appeals at Amarillo
in
which
certain
Court
the
of
issue
on
April 23,
that
ruled
a
the scone of
We quote
munication
"The
as
follows:
Norton
Anne
Green County
suit which
vs.
Tom
was
filed
in the lower court and carried up
to the
of
Supreme Court of the State
Texas,
was
subsequently
ried to the Supreme
car¬
Court of the
As
fur¬
an
of Federal
action
legislative
Prop¬
states1 through
this year'•re¬
more
moved from their constitutions
laws the blanket exemptions
or
from
Assessing
cently.
ment
advised
am
by the defendants that it is ques¬
the
to
Courts
affected
were
County cases.
the Jefferson
handed
West
by their decisions
County and Bexar
requested
we
would
which
bonds
I
am
were
set
out
eral credit
our
consented,
of this opin¬
their
(previously given in "Chron¬
icle" of June 5, 1944, page 2358.—
Ed.) and call
your
attention to the
they held that hospital
bonds were not affected."
Full
of
text
the
sue
of Monday,
own
adverse
Assuming the ultimate adoption
'
of the constitutional amendments
in
June 4.
still
of
Superintendent
receive
for the
house
sealed
Landholt,
Schools,
bids
until
will
June
5
purchase of $200,000 school
bonds. Due serially in 20
Bidder to name the rate of
These are the bonds au¬
thorized at the election held on
years.
interest.
May 18.
of
Cities
to
Increase
placed on them after the war,
Joseph P. Harris, Director of Per¬
sonnel, United States Relief and
Rehabilitation
Administration,
in
the
April
issue
federal
government consents to such taxa¬
tion.
These states are Arizona,
Montana,
Mexico,
New
North
Dakota, Oklahoma, South Ddkota
and Wyoming.
Likewise, there remain 14 states
where
taxation
of
federal
prop¬
erty is specifically, prohibited by
statute. These states are Alabama,
nessee
and Vermont.
Revenues
be
said
prohibit? the
federal property,
regardless of whether the
Nevada, New Hampshire, Ohio,
Pennsylvania, Rhode Island, Ten¬
States
Outlined —
Cities are not financially able to
meet the new demands that will
Post-War
of any
there
states
seven
Arkansas, Connecticut, Delaware,
Illinois, Michigan, Mississippi,
UNiTED STATES
United
Washingtpn,
remain
constitutions
taxation
Bond Offering—C. D.
and
Utah
will
whose
Indep. School Dist., Texas
Uvalde
states through
specifically
many
laws have
exempted all property of the federal government.
In 12 states this
exemption was originally imbed¬
ded in the state constitution, while
in 18 others the exemption7 was
found in the statutes,
i'
that
Note:
v-\,,V Y:."-'
But, even though Congress has
ion
fact
agencies—most notable
sidiaries.
not affected.
a copy
enclosing
in many "-4^
of which is the RFC and its sub¬
what
just
has consented
It
were
and
were
instances, especially in those cases
where real estate is owned by fed¬
opinion
attorneys to write us an
proposing con¬
amendments
Maryland, Oregon,
Virginia—the statute
sents.
Immediately after
County decision was
down,
re¬
and
law
was amended to clear the way for
taxation of federal property.
Ordinarily, property of the fed¬
eral government is not subject to
direct taxation by state and local
governments unless Congress con¬
Maine,
suits, the Supreme
only bonds au¬
thorized under Chapter I, Title 18,
that
in the Cochran
reported
adopted in Utah and Washington.
In the five other states—Indiana,
"You will recall that in the Jef¬
held
Officers
stitutional
Supreme
ferson County
Court
National Association of
the
Joint resolutions
will be
case
State
,'v■.
Problem
from Mr. Core's com¬
with
carried
be
has been filed and I
the several Texas
Supreme Court decisions.
should
cities
property taxes granted to prop¬
erty of the United States Govern¬
hospital bonds did not come with¬
in
j .'-V-
authorized under Chap¬
18.
The customary
motion for rehearing in this case
County
Potter
sulvC
sources
certain tax
erty—Seven
Title
ality of House Bill 113, referred
to above, will be given in our is¬
issued
out¬
by
Seven States Pass Legislation to
were
I,
He also directs attention
opinion rendered
bonds
competition
which do not levy
Allow Taxation
that
ruling of the Texas Attorney Gen¬
eral relative to the constitution¬
a
Supreme
taxes,
of the cities.
at
decision of the
Court relative to
by
Tom
Green
upholding
excise
and
in¬
example, he
cited the income tax as "particu¬
larly
suitable,"
because
it
is
borne in large part by residents
that
show
to
on
incomes,
said, adding that state
ther, he said.
not callable since
were
was
held
and
court
the bonds
taxes
growing tendency for states
share
the
Amarillo reversed the opinion of
the
sources
new
are
corporate
taxes
areas
The
classification.
this
reve¬
found,"
needed to protect the ci¬
against
to
suit was not
an attack on the Supreme Court's
decisions in the Cochran County
and Bexar County suits; but in¬
volved
the
question whether a
certain
issue
of
hospital bonds
within
are
side
"The Potter County
came
of
been
taxes.
the
and
statutes
and
ties
Chapter II, Title 22, Revised Civil
Statutes of 1925, which was a re¬
codification of the 1911 statutes,
Mr.
source
has
principal
Mr. Harris
Revised Civil Statutes of 1911, and
issues,
cities
The
applies to the investor.
optional
status
of
Texas
County bonds. The court rulings,
in brief, held that certain county
the
ing
but
new
by
publicly
so' far "no
from
he said.
granted
Court, notably in the
County case, relative to
Cochran
utilities,
for
nue
from
away
rights
carried
,
profits
satisfactory
solve
to
difficulties
laws
tionable whether the
Houston,
the
able
been
business
Bond Department of B.
under
Co.,
financial
using
the
date of May 21,
Frank J. Core, Manager Municipal
&
have
dividual
ter
(State of)
Latest Developments in County
Writing
rentals* parking
meters, business license taxes, and
of
available to cities
that
cities
varied
such
to
sewer
as
the
>
Redemption
turned
sources
suing political sub-division
they
Bond
Harris said, the
Mr.
nues,
have
retroactive laws that would
there
These bonds
May 1, 1945.
Texas
nearest par and ac¬
crued interest.
June 11
on
,$15,000 are
available for purchase and only
tenders made at less than par and
Texas
Offering—Fred R. Thomp¬
will
tion
purchase
below,
Tex.
son,
p.
Bidders to
years.
the rate of interest.
name
m.
cifically reserved by the issuer at
the time of sale.
The decisions
Texas
J.
—
of
sealed
p.
cisions handed down by the Texas
May 15.)
$210,000 sewer system and dis¬
posal plant bonds will be sub¬
8
the
Supreme
E 1
5
*
In their efforts to expend reve¬
change the rights of either the is¬
In
are
modern
our
economy."
Municipal Bonds are a
product of law, they are governed
by the statutes prevailing at the
time of authorization, therefore, a
subsequent Legislature can not
present status and recent develop¬
the bonds originally
are
until
E.
be
deduction
of
a
Wanted—H.
to
their
or
which
revenue
suitable
more
"Since
pass
of
sources
is that House Bill
course,
entered declines.
or
said, to
ability of the Federal Govern¬
ment
and
States
"to
tap new
the
113 is dead in subcommittee.
investor.
Mercedes, Tex.
Tenders
this, of
results
municipal revenues in re¬
have remained rela¬
years
opinion of our
attorneys, the Attorney General's
March 24.
on
The
unconstitutional.
source,
This contrasts, Mr. Harris
a
holds that Section 2 of said bill is
ac¬
for the
Enclose
Bond
Denomina¬
on
to the
&
a
public hearing before the
State Affairs Committee, this bill
was
referred to a subcommittee,
which subsequently requested an
opinion from the Attorney Gen¬
eral as to its constitutionality.
I
am enclosing a copy of the Attor¬
ney General's opinion which in¬
corporates House Bill
113 and
and
County Water Control and
Improvement District No. 3 (P. O.
Dallas), Tex.
June 1, as follows:
$5,000 in 1947 to 1955, $10,000 in
1956 and 1957, $20,000 in 1958, and
bonds be called for
Christie
After
same
Dallas
tion $1,000. Due
$25,000 in 1960 to 1962.' The
of
Bond
Seat,
E.
levied
offered for sale
v
Mayor, has announced that
par.
recently
to
B.
Co., of
Hous¬
ton, and the Columbia Securities
V.
cent
refunding
bonds, dated May 1, 1941.
Funds
$1,400, payable to the City.
-
their maturities,
following
$125,000
to
County type of
v'--: ■
was
their
as
said,
in
opinion
.
ing
The
—
written
as
bill introduced in
the
at
No part of princi¬
interest
(These
preceding fiscal year. The
State's largest source of revenue
in these periods, the gasoline tax,
decreased
4.50%
to
$16,655,835
to
and
for
of the
1, 1945.
Sale
amounting
awarded
to its in¬
as
Governments'
principal revenueis declining in
return with the dispersion of po¬
pulation to outlying sections and
the increasing obsolence of build¬
ings of all kinds. As a result, he
present session of State Legis¬
lature known as House Bill 113.
the
after
expenses.
nished.
$41,834,488,
an
increase ' of
from the $41,797,696 re¬
ceived in the corresponding period
is reserved to
system
Dallas,
0.88%
Dated June
Bond
bonds
were
cities
producing
our
net
bonds
revenue
Dumas,
amounted
Offering—W.
bonds.
par
that
approving
to
Bond
May 26.
on
Kermit, Texas
.
the Cochran
will
bidder
same
the general obligation bonds.
April. 1945, the first ten months
$17,441,393.
The
will be
Total collections from July, 1944,
from
the
rates
$55,000
issue will be payable out of funds
to be raised by taxation.
A tax
of $1 on $100 assessed valuation
Collections rose to $217,from
$165,908.
This 31.08%
of the State's fiscal year,
into
the
approximately
pal
recorded in alcoholic beverage tax
to
to
nance
gain, however, was contrasted to
a 23.75% reduction in tobacco tax
revenues to $340,691.
v.
of the State of Texas
State
Mr.
Harris
said
the
general
property tax, long relied upon by
hear this case, thereby upholding
the decision of the Supreme Court
terpretation of the law
of
magazine.
to
for
City to sell both
reasonable operation and mainte¬
receipts.
481
election held
has refused
lature
sewer
^
substantial
Another
issue
bonds
States
tenders
payable, both interest and princi¬
pal, from and secured by an ex¬
clusive first lien on and pledge of
the revenues of the City's sanitary
$4,003,931
$3,543,366. * r
from
Held—An
construction
ubmitted to the voters at the
wass
United
Hager,
City Secretary, will receive sealed
der.
Collections
than offset this.
Bids may
combination of
a
the City will be the prime factor
in determining the acceptable bid¬
taxes, > however,
from this source rose to
Election
$1,500,000
1, 1945.
than two rates in multi¬
more
City
in
vehicle
motor
Bond
of
Indep. Sch. Dist., Tex.
bonds.
on
the
"There
.
crued interest. The lowest cost to
An increase of 13% in
$1,870,125.
June
interest
gasoline taxes,
second largest revenue producer
in the month, to $1,530,081 from
of
Goose Creek
Council
a
advised
are
opinion makes it evident that no
bill can be passed by our Legis¬
issues
This advance in total collections
cline
.
15,000 general obligation bonds.
:
Denomination $500. Due June
1* as follows: $500 in 1946 to
1955, and $1,000 in 1956 to
1965, optional in 10 years.
not
1.18%
more
than the receipts of $6,980,102 in
the same month last year, George
F.
McGanless, Commissioner of
Finance and Taxation, reported.
notwithstanding
$1,500, payable
We
ples of one-eighth of 1%. It is the
In¬
j
of the State of Tennessee in
made
a
petition for
a
on
today that the Supreme Court of
to the District.
years.1jv;
Dated
totaled ' $7,062,902,
was
*
be submitted
Revenues
-r-
until 8 p.m. on May
purchase of following
system bonds, amounting
.
Tennessee (State of) '
Revenues
?
receive
July 15, 1945. Enclose
United States
writ of certiorari.
intention of the
1936.
terest ceases on date called.
*
will
bids
$70,000:
City. ;/;$■•
1955, and Nos.
180 to ,190, maturing on July 1,
1956, are. called for payment on
July 1, at par ?and accrued in¬
:
is antici¬
Corp., of San Antonio, at par; as
Bonds maturing
May 1,
$55,000 revenue bonds. Denomi¬
1946 to 1955, as 3s, and bonds ma¬
nation $1,000. Due June 1, as
turing May 1, 1956 to 1965, as 3V2s:
follows! $1,000 in 1946, $2,000
in 1947 to 1949, and $3,000 in $80,000 water and sewer bonds.
v"
1950 to 1965, optional in 10
45,000 city hall and fire station
turing on July 1,
1,
It
follows:
'
July
he
.
for the
sewer
Treasurer, has an¬
terest. .Dated
that
him.
certified check for
Offering—A. M. Wright,
Superintendent of Utilities, has an¬
nounced that the 4.Vfe% water rev¬
enue bonds Nos.
176 to 179; ma¬
;
are
being reoffered
May 29.
on
ed before
Bond
Dusen,
No
The bonds
.
'
;
and will deliver the bonds to the
bank designated by the purchaser
pated that delivery can be effect¬
Returned
following sewer system bonds
amounting to $70,000, were re¬
turned unopened:
V?
$55,000 revenue bonds.
•
15,000 general obligation bonds.
1935
2s, ai.d not 3s,
as
Bids
the
cently and awarded to Kalman &
the printed bonds, a copy of the
proceedings, the approving opin¬
ion of J. P. Gibson, of
Austin, or
of Chapman &
Cutler, of Chicago,
without cost to
Reoffered—All
funding bonds offered for sale re¬
on
■
Crane,
Sealed
Bond Sale Details—The $20,000
Minneapolis—v. 161,
$60,-
favor¬
was
ably voted at the election held
plant bonds was favorably voted
election held on May 8..
at the
Co., of
■/'
District, Tex.
School
2387
of
the
VERMONT
Canaan School District,
Vt.
Board of
School
Directors
will
receive
sealed bids until 11 a. m. on June
Bond
4 for the
Offering—The
purchase of $94,000 pub¬
bonds.
lic school coupon
'
—■
w
Denomina¬
1, as fol¬
lows: $5,000 in 1947 to 1964, and
$4,000 in 1965.
Bidders to name
the rate of interest.
No bid for
less than par and accrued interest
Dated July 1,
tion
1945.
Due Jan.
$1,000.
500,000 street and bridge bonds,
at 100.266, a net interest cost
of 1.1475%: for $92,000 ma¬
turing July 1, $22,000 in 1947,
$23,000 in 1948 and 1949, $24,000 in 1950, as 4s, and $408,000
maturing July 1, $25,000 in
and
be considered. Principal
will
1951, $26,000 in 1952 to 1955,
$27,000 in 1956 to 1959, $28,000 in 1960 to 1962, and $29,000 in 1§63 to 1965, as Is.
the National
The
bonds will be authenticated as to
interest
payable
at
Bank
Shawmut
of
of
Bank
Shawmut
Boston.
National
the
by
genuineness
Thorndike,
Palmer
&
Dodge of Boston, whose opinion
will be furnished the purchaser.
Storey,
Vermont
Structure
Tax
(State of)
Study Commis¬
Appointed—Governor Proc¬
announced the appoint¬
ment of
seven-member interim
sion
has
tor
to
commision
legislative
Vermont's
tax
study
and
structure
re¬
port its findings to the 1947 Legis¬
lature.
A joint resolution passed by the
1945
authorized
Legislature
the
appointment of such a commission
study present tax laws and
to:
and estimate the
to be derived therefrom;
sources
revenue
revenue
study the possibility of reducing
the cost of government with a
view
toward reorganization de¬
partments and abolishing obsolete
commissions; obtain data helpful
in determining whether the tax
burden
all
on
sources
is equitable; suggest a
taxation
revenue
division of
for the State and
sources
for towns;
of
All of the bonds are dated July
and
Boston,
their legality will be approved by
devise means to inform
the people of the State concern¬
1945. Other bids included
following:
1,
Blair
(Net interest cost 1.2129%.)
For $645,000, 33/4s,
$177,000, 3V4s, and
$2,678,000, Is (callable)__100.01
than
more
one mem¬
ber of the commission should be a
■
VIRGINIA
Woodstock, Va.
Clower, Town
Treasurer,
has
announcedthat
Water bonds amounting to $100,000, are called for payment on
Bond Call—R. J,
July 1, at par and accrued inter¬
est, at the Central Hanover Bank
& Trust Co., New York City.
Dated July 1, 1925.
Due July 1,
1955. Each bond surrendered must
accompanied
by all coupons
accruing after July 1,
1945.
Coupons for interest due on
that
date
may
be attached to
bonds for payment, or if detached
from the bonds by holders there¬
of, may be presented for payment
for interest
in
the
ceases
usual
on
Interest
course.
date called.
?
Hoquiam, Wash.
"
Bond
Election
issue
Held—An
voters
at
was
the
submitted to the
held1
election
on
May 26.
Tacoma, Wash.
Bond Sale—The $3,500,000 genoral obligation bonds offered for
sale
May 22—v. 161,
on
p.
19$6
were awarded to a syndicate com¬
posed of the First National Bank
of
Chicago, Bank of America,
National Trust & Savings Asso¬
ciation, of San Francisco Chemi¬
cal Bank & Trust Co., of New
York,
and the
Washington,
of
National Bank of
Tacoma,
as
fol¬
lows:
bonds, at 100.266,
a net int. cost of
1.1483%; for
$552,000
maturing
July
1,
$130,000 in 1947, $135,000 in
1948, $141,100 in 1949, $146,000 in 1950, as 4s, and $2,448,-
f
000 maturing July 1, $152,000
1951, $154, H)0
in
1952,
$155,000 in 1953, $157,000 in
1954, $158,000 in 1955, $160.-
1
1
1
I
000 in 1956, $161,OOo in 1957,
$163,000 in 1957, $165,000 in
1959, $166,000 in 1960, $168,000
in
assigned
value of 20. Total—90.
a
third factor is arithmetical
The
equality, which was considered as
having merit in the distribution
of motor fuel taxes when assigned
only a limited weight, in that it
provides a nucleus of road funds
enough to
large
the
encourage even
counties to organize
smaller
and administer
a road program at
acceptable standards. Arithmetical
equality distribution was assigned
a
weight of 10% in the overall
formula.
Washington's
legislative lead¬
ers say their new approach to the
biennial problem of distribution
non-partisan research
never
&
M.
Dain
Corp.,
Co.,
Co.,
&
Richards & Blum, and
Wm. P. Harper & Son
been
utilized;
on
that
scientific
—
has
been
before
applied on a
problem; that Washington
first state to engage the
services of an outside, disinterest¬
ed, non-partisan organization to
develop a formula of such politi¬
cal significance.
* '
^
the
was
vf
G. Becker &
J.
before
similar
Curtis,
&
The
Co., jointly,
$499,000, 2s, and
$3,001,000, lV4s
survey
was
made and the
Mar.
31, revenues from this
decreased to
$2,799,314
Wheeling, W. Va.
J*Bond Election—The voters will
the issuance of $200,000
fire truck and city building bonds
at an election scheduled for June
5, it is stated.
Wisconsin
Rapids, ; Wis.
Sale—The $500,000
water
mortgage revenue bond,
offered, for sale recently
Bond
works
j
,
WISCONSIN
&
colaus
contracted
consin
Contract—Stifel, Ni-
Co.,
to
of Chicago have
purchase an., issue
000
to
future date.
on
1954, as l%s, and $300,
maturing $30,000 May 1, 1955
1964, as iy4s. Bonds maturing
May 1, 1955 to 1964, are
Bond Issuance Recommended—
$1,750,000 auditorium
was recommended
Committee
Executive
by
the
the
of
Alberta
City
Mattison,
J.
ments—Walter
Interest
introduced recently in
the State Legislature a bill pro¬
posing that insurance companies
Attorney,
be authorized to invest their funds
in
private and public housing pro¬
and to engage also in
redevelopment
ventures.
This
pending bill, endorsed in
principle by the Milwaukee Com¬
mon
Council's
buildings
and
grams,
or
Canada
pending in the Illinois Legis¬
ure
at
at the
law
for
in
the
distribution
Stein, jointly,
$643,000, 4s,
$1,659,000, Is, and
War Housing
Com¬
—
"Vancouver's
Plan" for the post¬
utilization
of
Federal war
housing developments and lands,
involving some 12,000 units of
dormitories,
and
almost
2,000
population
from
18,000
1943 alone with the
to
according
of
to
the
June
following
the
are
5
bonds
specu¬
dumped
tions have drawn up a program of
Federal-local cooperation for dis¬
housing and land.
in
install¬
more
than 2
from date and running not
more
than
ing Formula for Allocating Coun¬
Road Funds — Washington's
taken
National
securities
under
Housing Act,
issued
by
housing authority, or by
a
redevelopment; corporation or¬
ganized under the Urban Redevel¬
opment Act.
The
second
subsection
would
authorize insurance companies on
their own initiative to
engage in
housing the same as any other re¬
development
corporation
and
permit
them
to
construct
the
made j
Imperial
of Canada in
Canada, or
Lloyds Bank, Ltd., London,
Interest
debentures
on
which
1, 1939, will be paid
at the rate of 2*/2%
for the half-
ending June 1, 1945, at any
branch of the Imperial Bank of
year
Canada in the Dominion of Can¬
ada
upon presentation of deben¬
tures for notation thereon.
Edmonton Roman Catholic Separate
School District No. 7, Alta.
Debentures Redeemed
—
A. A.
O'Brien, Secretary-Treasurer, has
that pursuant to the
announced
missioners of the Province of Al¬
panies.
redemption
under
■
,
Mattison
the
v:
,
.
explained
that
amendment
domestic
insurance companies could
engage
in
substantial housing develop¬
a
of Order No. 8318 of
the Board of Public
Utility Com¬
berta,
dated
Nov.
30,
Board
of Trustees
has
Life
Cash
Rises
in
Hospital,
It
is
among those present
at the Council
hearing were rep¬
resentatives of Walter,
Woody &
$15,313,603,
ies of
report
Smith,
State
in
of
The
a
March
is
exclu¬
States
government
General fund receipts for
amounted
to
$29,965,437,
Denominations
$500 and $1,000.
lead in developing a method of
St. Albans, W. Va.
solving the biennial problem of
Bond Call—O. N.
distributing state-collected high¬
Slater, City
way funds
to counties for con¬ Clerk, has announced that the 4%
struction or maintenance of coun¬ bridge revenue bonds Nos. 36 to
ty roads.
42, are called for payment on July
The legislature did this by its 1, at par and accrued interest.
recent
Dated July 1, 1939.
adoption
of
a
formula
Denomina¬
The Consolidated Debentures in
the
1,
figures being also exclusive
investments
in
government
these
Oi
bonds.
v
n/rAm,ong the
March,
*
.
revenues obtained in
fuel tax receipts
motor
amounted to
pared with
$1,221,472 and com¬
$1,261,747 in the corre¬
sponding 1944 period. In the nineperiod ending March
31,
receipts from the gasoline tax tomonth
Ica -$14'265'584'
o59
the
m
period.
above
a§ainst $13,896,.
corresponding
1944
series
are
payable in
Canada and the United States.
Series "X" Numbers
001-359 inclusive
366-413
inclusive
are
in
payable in
Canada .only, '/'-"J
The £lace or places
where such
The Consolidated Debentures
the
above
series
v
redempti% is
to be carried
out
are:
316d467UrSementS aggregating
Balance of all funds of the state
totaled $28,324,873 on
Apr. 1, com¬
pared with $22,648,432 on Mar.
20-year period from hos¬
360-365 inclusive
showed
$30,000,000 investment
United
bonds.
balance
and
414-419 inclusive
as
$27
2%%, and will be payable
numbers, at face value
on
Treasurer,
1,- 1945, all
Series "X" Numbers
of April
1 from
Mar. 1, the
monthly
submitted
by
John
M.
$12,664,632
the
accrued interest:
City.
Fund
1937,
called for
outstanding in the following ser¬
Insurance Co. in New York
General
Aug.
on
consolidated debentures which are
Stuyvesant Town,
development of the Metropolitan
Month—The balance in the
gener¬
al fund of Wisconsin
increased to
that
revenues.
the
The aggregate
investment may not exceed 10%
of the assets of insurance com¬
sive
a
of
be
debentures!
of
for local business.
Camden-Clark Memorial
over
will
provisions
recently.
city-operated institution.
branch
matured June
local
a
interest
England.
national
National Housing Act,
and in bonds or other
obligations
of
of
presentation
any
Bank
by the FHA
the
Bonds Authorized — The
City
Council is said to have
approved
the issuance of $39,500 in munici¬
pal revenue bonds for the erec¬
tion of a laundry plant for the
pital
upon
mortgage associations established
10 years.
Parkershurg, W. Va.
exceed
ments
au¬
bonds
bonds will bear interest at not to
Enact¬
ty
has
These
annual
beginning not
stated
in
Heimerdinger of Cincinnati. The
Washington (State of)
Legislature
$1,000.
in
years
a
1, 1938, interest at the
of 2^%
for the half-year
ending June 1, 1945. These pay¬
rate
life
notes secured
Mr.
National
were
Pioneers
due
invest
to
'
tured June
subsec¬
ments similar to
Denomination
ments
indiscriminately on the market
after the war, the local govern¬
ment agencies and civic organiza¬
Legislature
;
Mattison,
new
City.
Company!
apartments, tenements or dwell¬
ings, and also buildings to be used
$180,000 municipal building bonds.
20,000 fire fighting equipment
Housing Officials.
lands
war
the
two
laws
them
under the
mitted to the voters:
subsequent in¬
uncontrolled
Federal
Election—At
the
to
would
VIRGINIA
amounting to $200,000 and not ex¬
ceeding 2V2% interest will be sub¬
bonds
building
might depress property values if
State
Bond
election
in
Fearing that real estate
all
these
'
Mounasville, W. Va.
in¬
83,000
in the amount of Federallycontrolled land and housing in the
and
recompute
two/years.
purchase bonds.
Vancouver's
Association
must
WEST
of land.
creased
lation
partment
factors every
of
munity cooperation has produced
city,
directed to work out the
distribution
from
the
formula
was
V
Utilization
Properties
the
in future
year.
Since there will be
changes in mileage and registra¬
tions each year, the
highway de¬
$1,006,000, 2s, and
$2,494,000, iy4s (callable).100.00
(Net interest cost 1.336%.)
For
ment
use
creates
governing
insurance companies, one to
each
For
Made
for the
the study;
The state highway depart¬
years.
.
(Net interest cost 1.302%.)
Blyth & Co., and
Associates,
Plans
year
figures
formula into law for
$1,198,000, iy4s
y
'
(callable or non-callable).100.00
Vancouver, Wash.
fiscal
developed from
next, the legislature enacted
/
,
present
year
Bramhall &
For
the
explained by Mr.
bill
Manhattan
The Province will also
pay to
holders of debentures which ma¬
lature.
As
The
New York
in debentures issued
& Co., Inc.,
Phelps, Fenn & Co.,
Goldman, Sachs & Co.,
'
y
Peoples National Bank,
Seattle, and
Man¬
grounds committee, was copied
substantially from a similar meas¬
ington legislature.
In adopting the new formula,
the legislature first enacted into
York,
of)
C.
terest will be paid upon
presenta¬
tion for notation thereon of
such
payment of interest at any branch
of the Imperial Bank of
at
New
(Province
Payment—E.
urban
by mortgages or
trust deeds insured by the FHA,
Harriman Ripley
r
ning, Provincial Treasurer, is ad¬
vising
holders
of
debentures
which mature on Dec.
1, 1941, and I
June 1, 1937, that interest at
the
rate of 3% and
2y4%, respectively
will be paid in respect of the
halfyear ending on June 1, 1945. In- I
or
Co.,
study
1
thereafter
ALBERTA
Insurance
Company
Investments in Housing Develop¬
Proposed
thorize
nine-month
any
»•••••
(State of)
Wisconsin
made at the request of the Wash¬
a
on
CANADA
Auditorium Board.
the
of
or
date
bonds
revenue
Bankers Trust
basis
May 1, 1955,
payment
at 102.00.
(Net interest cost 1.278%.)
100.00
on
interest
tions
(non-callable)
op!
tional
Milwaukee, Wis.
An issue of
and
in 1950 to
at some
up
Milwaukee
1.35%, as follows$200,000 maturing on Mav ]
$25,000 in 1948 and 1949, $30 000
said bonds are
and the bal¬
taken
be
to
of
for
to be issued at once,
is
Co.
interest cost of
$500,000 power plant revenue
bonds at a net interest cost of
1.299% ; $300,000 of
Paine, Webber, Jack
Curtis, of Chicago, the Wis'
Harley, Haydon & Co. of Madison
jointly, at a price of 100.101, a
net
of
ance
&
son
Hartford, Wis.
Bond Sale
Werf
awarded to
profit
organization
with headquarters in Chicago, on
-
4
n
-
,
on
pass
tisan,
non
2
from
253,224.
the
1961, $170,000 in 1962,
$171,000 in 1963, $173,000 in which will serve as the basis for tion $1,000.
Due July 1, 1964.
J 964, and
$175,000 in 1965, bs biennial review and revision of Payment for these bonds will be
allocations to the state's 39 coun¬ made at their face value on pres¬
1®*
i
^
date
formula developed by Public Ad¬
ministration Service, a non-par¬
For
rewer
in
value of 70; and
a
motor vehicle registra¬
tion at place of (rural) residence,
Bank, Chicago,
Paine, Webber, Jackson
posing of
$3,000,000
assigned
was
second;
creased to
called.
first,
are,
county truck mileage which, be¬
cause
of its overall importance,
never
crease
,
factors
two
The
Cigarette tax receipts aeair. a
$274,772 in March tW
$348,890 in the 1944 month"
M?
in the nine-month
period enrii„»
the
to
called
date
on
Sinking Fund Commission,
weighted for variations in county
maintenance
and
construction
costs.
,•
f' J
formula—based
$70,000 fishing base improve¬
ment bonds
applied as follows:
Ninety per cent oi the revenues
from motor fuel taxes available
to counties are to be distributed
on the
basis of road fund needs,
with two factors involved, both
formula is
and
acres
of
based
entation
State
Charleston. Interest ceases on
y
distribution
formula
is
on
three factors, and the
The
the
war
WASHINGTON
such revisions.
of state road funds to counties has
State employee and that the mem¬
bership should include two Sen¬
ators and two Representatives.
Representative J. Harold Stacey,
chairman of the House Ways and
Means Committee who sponsored
the resolution, was named to serve
as chairman of the study commis¬
sion.
•.
^
"V".
legislative stress
usually accompanying
Seattle-First National Bank,
Harris Trust & Savings
First of Michigan
tion that not
strain
(Net interest cost 1.2165%.)
Blyth & Co.,
A.
provided by the resolu¬
without the
and
.
..
ditures.
was
ties
&
taxation and governmental expen¬
It
the
Co., Inc.
B. J. Van Ingen & Co.,
Stranahan, Harris & Co., Inc.,
E. H. Rollins & Sons,
A. C. Allyn & Co.,
;
f :
Eldredge & Co.,
Commerce Union Bank,
VfJvJJ
Nashville,
Ballman & Main,
Kalman & Co.,
Scott, Horner & Mason,
Lobdell & Co., and
Crouse, Bennett, Smith
& Co., jointly,
For $645,000, 3%s,
•
•
•
$177,000, 3V4s, and
$2,678,000, Is / J,
'
(non-callable)
100.051
ing problems related to revenue,
be
Monday, May 28, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2388
In the
bentures
the
casejof Consolidated De¬
payable in Canada and
StatSsf at the princi¬
United
pal office of the Imperial
Canada
in
any
of
Bank 01
fn^>;pities 01
Victoria, Vancouver, EcDciQ.pnton,
Calgary, Winnipeg, Toronto or
Montreal, or at the Bank
Manhattan Company in the City
of New York.
In the
case
of
Consolidated De¬
bentures payable in
at
Canada only,
the principal
office of the Im¬
perial Bank of Canada in any 0the
m J
cities of Victoria,
r,--,
Vancouver,
nr;«mnf!2.
I
@FedFRASER