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31943 MAY MONDAY y In • 2 Sections-Section 1 © ommetciaL an Office Pat. Price 60 Cents N. Y., Monday, May 3, 1943 New York, Number 4173 157 Volume S. U. Reg. Copy a CITY DEPARTMENT STATE AND BOND PROPOSALS AND NEGOTIATIONS Payment will be made on pre¬ of said certificates at sentation the In This Issue & Trust Co., with all coupons Bank Chemical New York City, subsequent maturing 1, June to Employees' nicipal pons. State and vestment Chicago made at City News Interest Curb York New City Auditor-Clerk, calls for pay¬ on July 1, 1943, at par and accrued interest, all of the out¬ ment Stock Exchange standing general refunding, series of 1937 bonds, dated Jan. 1, 1936, Exchange due Jan. Out-of-Town Listed Markets 1, 1976, optional on any date. Payment of the interest principal Unlisted Securities made be bonds the of amount will called on or after July 1, on surrender of said bonds in negotiable form, accompanied all quent (See Index Below) ' Thomas & Co., ALABAMA Calhoun County (P. O. Anniston), •/ Ala. ■ . & Vick B. M. (These bonds were offered by city on March 31, at which submitted.) ! the $110,000 In War Bonds—County Com¬ mission has submitted to B. P. Would Invest Additional time no bids were chief examiner of ac¬ a proposal to invest $110,000 in War Bonds and this investment, in effect, will ■mean that the county is out of in Alabama, ;-;v// r- '/ ■/ has three outstand¬ ing bond issues. One is for $75,000 and this is offset by $74,000 worth of War Bonds now held by debt. The county the Two other bond is¬ amount of $111,000 and a investment of $110,000 in county. sues new /War Bonds would offset this inrlphfod The from npcs $110,000 would be taken the county's general fund, of the Reopened—The State to to $80,000 in this fund for operation until the end of the fiscal year. This amount is close the normal county and to recommendations of a spe¬ upon cial Citizens' sumed V in Public Utility Com¬ leave a Bond Sale—A syndicate headed ■by B. J. Van Ingen & Co., New „York, new purchased on April 29 a issue of $3,500,000 tunnel revenue anticipation notes, pay¬ price of 100.50, a net intercost of about 3.49%, for the ing a est bonds divided as follows: $475,000 May 1 as follows: $75,000 from 1945 to 1949 incl. and $100,000 in 1950; $3,025,000 maturing 4s, 3%s, due on May 1: $100,000 from 1951 to 1954 incl.; $125,000 from 1955 to 1959 inch and $2,000,000 in to file of electric and gas sys¬ owned and operated by the an in the suit, $3,000 in bonds appearance and to contact the Electric Light and Power Company. The survey is to determine whether the city Gas, would be involves to what course of the funds ated and of on - had the of Chi¬ cago; Stranahan, Harris Co., Inc., of Toledo; E. H. Rollins & Sons, of New York; Blair & Co., Inc., ing: John Nuveen & Co., Co., of Chicago; Wachob-Bender Corp., of Omaha; Morris Mather & McDougal & Condon, of Chicago; R. S. Dickson & Co., of Charlotte; Hendrix & Mayes, Watkins, Mor¬ row & county cash a //:/:.; an principal were basis oper¬ in 1941 unencumbered bal¬ the Arkansas State Comptroller's office has an¬ ance of $4,001.95, The nounced. report as issued by Bruce Frazier, head of county audits, showed that $60,480.98 in bonds issued 18 years ago to re¬ tire outstanding warrants had been reduced to $22,000. The county increased its bond tax to nine-tenths mills when $4,000 in bonds defaulted. Co., both of Birmingham; Fort Florence Call—It is stated by C. Hardy, Acting City Clerk, that Water Revenue Certificates, dated June 1, 1940, denom. $1,000, Nos. 551 to 597, due June 1, 1957, Nos. 598 to 646, due June 1, 1958, Nos. 647 to 697, due June 1, 1959, and Nos. 698 to 750, due June 1,» 1960, are Auditor Miami and called for redemption on June 1. Beach has the high bidders $90,000 City of Chicago 3y2s of callable 1946, at 106.56; $220,000 board of education 3y2s of 1955/46, at 106.56; $17,000 Chi¬ park district 3y2s of 1956/46, the $153,000 park 3V2s 1955/46, at 106.68; $483,000 park 3V2s of 1956/46, at 107.06; $235,000 Sanitary District of Chicago 2V2s of 1960/46, at 104.34; $237,000 sanitary 2V2s of 1960/47, at 104.64; $250,000 sanitary 2V2s of 1960/48, at 105.21, and half of the $404,000 block of sanitary district 4s that figured in the tie, Stifel, Nicolaus & Co. purchased a block of $1,443,000 sanitary dis¬ trict 4s of 1955, optional 1945, at cago and com¬ first .and second the second the on contestant topped : the that commented obtained high extremely prices for the securities. V After glancing at the bids, some invest¬ ment Michael Garrity, Secretary of the benefit fund, announced that a profit of $276,918 was real¬ the sale of the bonds ized on entire in proceeds United securities. Bonds below will States and be The Treasury to awarded the liquidation Stuart account and the prices paid City of Chi¬ Four sale. the $2,- > submitted of¬ all 13 items, and the other entered offers for certain on four blocks of involved. securities '*Rochelle, III. Bond Offering Not Attorney City that states Halsey, embraced Eight bidders were represented in¬ '] ' of block 650,000 City of Chicago obliga¬ tions, $343,000 of the board of education, $653,000 of the park district, and $2,569,000 of the san¬ itary district. fers J. fnis for or second. at highs. 105.08 18 cents on the $1,000 the high bid, to finish bonds, said the securities sold men close to their all-time at The First National Bank 105.098. offered high bidder by 17 cents $1,000. Dealers fund 106.29; of were successful FAST, Secretary. R. 1953, lOjpents on the $1,000 apart, and on gnother item the close of ning bids follow: two blocks of bonds were which 15, Juno curities. These securities and win¬ at separate blocks of involved, were There on va.ue cf tnis Company, payable xa..3, i,o stcckhc.deis ox record at the business May 28, x943. par follow: of Chicago, Stone & Webster and Blodget, Inc., R. W. Pressprich & its payroll in half, and ended its Co., E. H. Rollins & Sons, all of •'fiscal year with a substantial bal¬ New York, Martin, Burns & Corance." (This information recently bett, Mullaney, Ross & Co., both of Chicago, Milwaukee Co. of Mil¬ reported by Public Administra¬ tion : Clearing House, Chicago, waukee, Braun, Bosworth & Co., of Toledo, and Daniel F. Rice & 111.)'.\ ,Y".. Co., of Chicago. tailors, laundries and restaurants. At the same time, the city has cut , The First National Bank named ILLINOIS Canteen Twp. (P. O. Washington Park), III. Lauderdale, Fla. Certificate bonds 1943. no fixed been - hospital bonds O'Neil F. Paul sale has $62,000 date for ' / . Scheduled— 2% of the approved by the voters on March 23. Denom. $1,484,000 Due best ever. Hotel and apartment cago 3s of 1956, optional 1945, at $1,000/ Dated July 1, 1943. 103.48; $1,076,000 City of Chicago $3,000 in 1944 to 1949, and $4,000 owners are collecting rents regu¬ Prin. and int. 3s of 1956, callable 1947, at 106.41, in 1950 to I960,.. larly and business license reven-. and $123,000 Chicago . Board of (J-J) payable in Rochelle. ; ues are remaining stabilized ; at 3s of 1957, optional 50% of their former $300,000 an¬ Education INDIANA nual-figure because establish¬ 1945, at 103.48. The syndicate in¬ Ellwood, Ind. //YY :C$;/v' ments which went out of business cluded Goldman, Sachs & Co., of Bond Sale—The $5,000 semihave ! been replaced by military New York, Central Republic Co., (P. O. Forrest Reduced—Five $202,000. A total of 13 vested Best Ever—Al¬ had 90% of its space taken over by the Army, tax collections are. the though un¬ derwriting group are the follow¬ , Tax Collections ARKANSAS City), Ark. of Chi¬ Bank acting alone, purchased $1,887,000. Stifel, Nicolaus & Co., Inc., obtained $1,443,000, and the Northern Trust Company was the to pursue. Miami Beach, Fla. justified in buying the Y State Board of Administration for instructions as properties for a sum reported to be $9,100,000. ' ;;';' Y , St. Francis County instructed meeting, which FLORIDA members ma¬ County Attorney M. R. McDonald tems 1969. Associate on Highland by survey Debts Mobiles Ala.\ their after part recent a Donnell, consulting engineers of Kansas City, to make a complete surplus, it was stated. ; . the of interest County, it is reported. 'Y;:-'./ The County Commissioners, at mittee, Tucson, Ariz., has author¬ ized the firm of Burns and Mc¬ Tucson National cago, awarded has J. Ilalsey, the largest $2,683,000. April 30, York, Nev; by Co., Inc., was purchaser, obtaining re¬ Ad¬ turity, i has caused the above Gas and Electric Property Sutv county to again be the defendant vey Authorized —- Following ac¬ in a suit involving bonds issued tion- by the City Council, based by old De Soto County and as¬ sufficient to carry on functions of Tucson, Ariz. " leaving Board pay, bonds defaulted Singleton, headed Stuart & The First broad way 28 dividend of Twenty (20) Cents pel- share been declared on the capital stack without A investments. as group - Suit Bond ministration ARIZONA a $8,215,000 in bonds of taxing bodies, which it of A banks and bankers COMPANY in¬ 1, , fusal , counts of Pittsburgh, and Co., of Chicago.- total of accounts four to LINE PIPE BUCKEYE THE and April petition for some of the items 1944, and subse¬ was especially keen. Bidding was coupons at the Chemical featured by an exact tie in the Bank & Trust Co., New York offers of the First National Bank City. Coupons maturing July 1, and the Northern Trust Company 1943, and prior thereto, will be for /$404,000 Sanitary District of paid on presentation and surren¬ Chicago 4s of 1955, optional 1946. der of said coupons. Both named a price of 107.60. The banks decided to split the award, Highlands County (P. O. Sebring), and each took $202,000. Fla. ■ '■ Jan. by Miscellaneous sold 21 had held C. Hardy, Call—Florence Bond QUOTATIONS York New date called. ceases on Annuity Benefit Fund of Chicago on 1943, attached. Payment will be par and accrued interest on surrender of appropriate cou¬ Corporation News NOTICES DIVIDEND Chicago, III. Employees' Fund Sells Bonds— The retirement board of the Mu¬ Bonds Voted—At tion the approved voters the are a recent elec¬ said to have ■■ the voters winning bids of the Halsey, Stifel, Nicolaus Stuart & Co. named the second best bid Twp. (P. O. of 106.265 on the $1,076,000 block Chatsworth), III. Bonds voted—At a recent elec¬ tion the issuance of $28,relief debts. 726.08 in bonds to pay Charlotte prices of 103.47 for both of the $1,484,000 Chicago 3s and the $123,000 Board of Education 3s, or 10 cents on the $1,000 below are said to have approved the issuance of $20,000 road improvement bonds. * . of account. Chicago 3s. The the First award items in one-half eight addition of a to Bank won of the 13 purchasing ninth block of se~ refunding of 1943 bonds of¬ on March 3—v. 157, to the Fletcher Trust Co. of Indianapolis, 682—were p. awarded INDEX \ Quotations: New York .. Page Stock Exchange..1617 Exchange....<,. .1633 Other Stock Exchanges... ....1638 Unlisted Securities 1643 Canadian Markets—Listed and Unlisted:............ .1641 New York Curb ........... State and City Department: Bond Proposals and Negotiations. 1609 Municipal Financing During Mar.. 1613 General Corp. and Investment News. 1645 Dividends Declared and Payable 1614 Redemption Calls and Sinking Fund 1613 Notices The National of ann. fered for sale Course of Bank Foreign Condition Federal Reserve ment .1644 Exchangee Rates Combined Member Clearings Banks :. 1616 Statement Banks Condition of 1616 State- - 1616 : THE COMMERCIAL & 1610 13/4S, paying as basis a Jan. of 1, price of 100.36. a about 1943. Due 1945 and 1946. Dated 1.60%. Jan on ; in 1 , Dated June 1, Due June fellows: $4,000 in 1944 to and $5,000 in- 1949 to 1953, iOWA Consolidated trict, School Dis¬ Commissioners Iowa 1943. 1, as 1948, " The . $1,000. Denom. Somers purchase $45,000 improvement bonds. In¬ terest rate is not to »exceed 4% >•:'/'£:!: payable J-D. o for /the Commissioners, of the reserve right tb reject all bids and to sell all $7,000 build¬ br part of the bonds. The .approv¬ ing * improvement bonds offered ing opinion of Chapman & Cutler, April 28 were awarded to the of Chicago, will be furnished the Bond. Sale—The . Carleton D. Bell Moines. of Co. ■.■/■/ 'v'/'*■/..> Des VV/ ■ for •Fayette County (P. O. Lexington), cost him, to shall, be sp ;condir Enclose a certified check bids all tioned. KENTUCKY without purchaser and to Ed. Milner, Board of Drainage payable $900, President FINANCIAL CHRONICLE Seeks Bond Court County School on Refinancing—A the by Ruling suit filed notes, dated May 3, 1943, and. Board of Education .will -receive Nov. 5, 1943. Issued in an¬ sealed bids at its offices, 26440 Ave., Redford Town¬ ticipation of revenue for the cur¬ Puritan rent .year. % ,//■ /;//'■. .i..,/.;///;;^%//;// ship, until 8 p.m.? on. May 11 of $10,000 certificates of indebted¬ due MICHIGAN tion and D. Y. Dunn, County Su¬ perintendent of Schools, to deter¬ whether mine issue bonds bonds company courts .;;//•• .; advisement at Lexington, April 23, by Fayette Circuit Judge Chester D. Adams. The action, naming Mack Mor-, gan, a taxpayer, the Fayette High 'Scnool Company, Inc., a holding company, and others as defend¬ ants, was filed April 15, The peti¬ tion said the chief complaint was that interest on the holding com-; Vpany bonds, issued for construc¬ tion of the school, was taxable for Federal income tax. • Lawyers said the object of the suit . edness to of avert ,income transfer to was schools fiscal to courts payment of the Federal and that it was pre¬ by interests bondholders • indebt¬ tax pared ties. the representing in "scores" of Board' of said is sioners ; Commis¬ to;.have voted to abandon further plans toward re¬ financing $1,700,000, 5% outstand¬ 1909, recommendations of Frey, Chairman of the on Severin L. Tenders Wanted—City, Control¬ Charles G. Oakman will re¬ firms our report that the City Owatonna, Minn. Council has authorized the issu¬ ./Bonds Voted—At The election1 ceive tenders, until May/3, .at 10 ance of $3,000,000 refunding bonds held on April 19 the voters j are a.m. in the (EWT),' of Detroit, Mich.y forthcoming fiscal 'year of said, to have, approved by a sub¬ Sewage Disposal System. Revenue 1943i44,' but inasmuch as / the stantial margin the issuance of bonds to Refunding bonds in the amount be refunded will not fall of approximately $380,000 for in the ditions; Owen Assistant an Attorney-General. They repre¬ sented the State's interests in the suit, in view carried with the most valorem sessed by ment, to the or any taxes Federal State com¬ refund income or the agreement holding bondholders pany ad of as¬ Govern¬ any com¬ munity. The April 23 hearing consisted of oral arguments, with the facts stipulated. Judge Adams gave no indication to as when he . indicated the suit would be taken the to Court termine Appeals to whether issue could of school fiscal a bonds to buildings de¬ court take over con¬ Court Decision Favorable—Cir¬ cuit Court Judge Adams ruled on April 24 that had authority holding above > Fiscal callable except at in Of excess the Since the rate of not the the bonds in was test a for case scores Kentucky Counties. The jurist granted an appeal of his decision to the State Court of ruled that all the the prosecute boards tucky of and could act Appeals and plaintiffs could case that for behalf on education the all in defendants persons State similarly situated. neys argued bonds of would paying the on quired that in the Attor¬ Fiscal avert of Ken¬ Court the necessity income taxes Federal instruments, as on the holding was re¬ company bonds. Lee County (P. O. Beattyville), Ky. ;\7 ;■■/•: /7'■ Interest Rate with the sale and bridge — In of the connection $19,000 road refunding of 1943 bonds to Charles A. Hinsch & Co. oi' Cincinnati, at a price of 105.127, as noted here in January, it is were now sold stated as 4s, that the bonds Interest payable Levee Board f Prey's f report, Ville Platte, La. Long Point Drainage District (P. O, lota), La, Bond Offering will be received — Sealed until 8 bids p.m. on May 24, by Leon Baquet, Secre¬ tary of hte Board of Drainage May.l, 1942. reject any - The from computed as Louis. St. Dated Gas 5% states-that Utility Gallatin County Sch. Dist. No, 7 V (P> O. Bozeman), Mont. District Clerk — states Trustees of til 1:00 that advises •* also us not to ' ' J semi-ann.. • .•>.'! Boston, Mass, to 4: a premium of $135; Dated April 30, 1943, and due Nov. 4j Reoffered by the The 0.50%. bankers notes are regarded by the bankers investment for as legal savings banks in New York and Massachusetts. Essex •: County (P. O. Salem), Mass. Sale—The Note and , the will Offerings accepted- be on the basis of the highest met yield to the city as computed from the * one may be to payable in semi¬ annual/installments during a riod of 15 pe¬ from the date If serial bonds are is¬ 6f / issue. 1:00 years all Erin $50,000 indus¬ Lake and Oakland National Bank of Salem, at 0.41% No. County, Mich. 4, ,/ , - bidders, must state the lowest rate of interest at which they will purchase the' bonds at par. The ? Board of Trustees will sell the Sec-1 bonds in bid¬ retary Julius Amtsbuechlerwill ding-1; written bids and sealed bids receive ; sealed ! tenders of 1938, for the purchase of such bonds certificates of indebtedness in of amount approximately thg will- $2,000 open open - competitive considered be the same bids, k It is understood 7 show p.m. Bank, 0.42%; Gloucester National Bank, 0.464%; Manufacturer's Central National Bank, Lynn, 0.47%; First & Ocean National Bank, Newburyport,\0.479%, and Manchester Trust Co., 0.48%. ders will be of the on net computed from as price. Board must of be Land Commissioners accompanied by tified check ■ . than by or on behalf of the State in the sum a cer¬ Of $5,000, - ing 1935 certificates of indebted¬ tion with the sale of the $72;00Q refunding electric light and power dated as of May 1, 1937: A, to the amount./ of plant revenue bonds to the First National Bank of Wahoo, at 214s, $10,000. Series C, to the amount of payable A-Q, the City Clerk now states that/the bonds are dated $5,000. ness, Series Nov. and mature $8,000 1, 1943, to 1951, provided, Note Sale—The $500,000 notes $2,000. Each series should be On a sep- however, that the City reserves offered April 28 were awarded to the option to pay certain of said the Security Trust Co. of Lynn j ara^e tender and should fully, debonds prior to maturity as fol¬ at 0.47% discount. Due Nov. 15.1 scribe the securities offered.,;;:.? lows: Bonds maturing in 1951, on 1943. The First National Bank of Red ford Tojjonship (P. O. 15145 or after Nov. 1, 1943; bonds ma¬ Boston and Leavitt & Co., New Beech Road, Detroit), Mich. turing in 1950, on or after Nov. York, each named a rate of 0.477%, Bonds Offered —Sealed bids 1, 1944; bonds maturing in 1949, which was the second best offer. were received until 2 p.m. -. on on or after Nov. 1,* 1945; and May 1 by Edith H. Beckman, New Bedford, Mass. bonds maturing in 1948, on or Township Clerk, for- the purchase after Nov. 1, 1946. Note Offering — Rodolphe 3, of $25,000 coupon semi-ann. water Carrier, City Treasurer, will re¬ and sewer bids until 11 D, to the amount i of 1,. 1942, sj'stem revenue bondsl a.m. May 4 for the purchase discount of $600,000 notes. May 4, 1943, and due Nov. 12, 1943., Offering—H. W. Cutter, City Treasurer, will receive sealed until 11 a.m. on May 3 for the purchase at discount of Denom. 1943. 1946 $1,000. Due to on Dated Jan. 1; April $2,000 1950, and $3,000 in to 1955." Prin, and int. * Red ford Nb. • NEW 1, in 1951 (J-J) pay¬ able at the National Bank of De_troit; Waltham, Mass. Note bids sponsored bill " New War House passed to Schools, District 1, Redford Township, Mich^ Tenders Wanted—Bernard HilH HAMPSHIRE Hampshire (State of) Bonus Bill Fending—The of a Representatives has bill to give $100 bonuses veterans of the Second World time approving a measure to increase the poll tax from $2.00 to $4.00 a year. It is stated that if this measure War, at the Union — Governor approved by Assembly¬ Jane H. Todd, passed by the Legislature, /, / authorizing t h e Greenburgh Town Board to issue man the in the repair of $94,320 reconstruction the of part sum and Greenville The damage for of sewer done was / ago. The sewer was broken by heavy fill dumped from the Dela¬ ware Aqueduct. A civil action to collect damages, brought by the town, is pending in court. / •'./ The cost was paid out of funds raised by certificates of indebted¬ issued the town, but in the special legislation had to be obtained. 3 ness order by Mount v bonds issue to Vernon, N. Y. Sold—The Certificates certificates /of $750,000 indebtedness of¬ fered April 27—v. 157, p. 1514— were awarded to Goldman, Sachs & Co., New York, at 0.494%; in¬ Dated May 1, 1943, and terest . due Feb. 15, cluded: the 1944. Other bids in¬ Lee Hig- following: Corp.,. / 0.53%; ginson National City Bank of New York, 0.58%, plus $6; Manufacturers Trust Co., New York; 0.60%. ;/ New York (State of) of Municipal Inter¬ Laws v; New proved Nov. on the est—Governor the basis yield to the highest Inc.; has Dewey purpose,, accepted district Series Lynn, Mass. sealed E. May 10. on the of payable to the order of the clerk/ Lincoln Park, Mich.i. '•/ 4 discount. / Dated May 1, 1943, anclj //Sealed Tenders Invited—City NEBRASKA due May 1, 1944. Cape Ann Na¬ Clerk John M." O'Connor will re¬ tional Bank, 0.415%; Naumkeag /; / Wahoo, Neb. ceive sealed tenders until 8 p.ml Trust Co., 0.42%; Beverly National Bond Sale Details—In connec¬ (EWT) on May 3, of the follow¬ ceive Authorized Thomas as that Tenders' the purchaser of the bonds shall the rate provide; for the printing of the interest, date of maturity,, the bonds; the cost to be defrayed by dollar value and the yield.? Tent the School District. All bids other until shall the dollar April Merchants District Wanted—District Tenders school to. Frac->, Townships School tional 27 awarded (EWT), of /the fol-j sold for not less than their parvalue with accrued interest, and } p.m.' Co., Greenburgh, N. Y. Bonds the be into put made Q about two years value be high was 21A%, bonds// will may Second Stuart •& York. system. dollar trial farm loan notes offered were Halsey, a ' plus yield incl. determine upon at the time of sale, both principal and til April 28 was awarded to Halsey, Stuart & Co., Inc., Boston, at 0.62% interest; to 1953 bonds offered notes by 1950 $3,000March >1 •/ from bid of 100.148 for 1.40s New price of 1.36%. March 1 from 1944 to on and exceed a about 1, 1943 and due as $2,000 Sept. 1, 1.943; $2,- tire lowing day. Note Sale—The issue of $5,000.000 000 of March 1951 ; MASSACHUSETTS ■ Dated 1:40s, at as basis a incl. ' ■ 100.20, Dated July 1, 1943. tees of¬ 157,- p. 1514— awarded to Blair & Co., Inc., the Amortization issue bonds York, single bond or divided into sev¬ eral:bbhds, as th^ Bpard /of Trd^ following conditions: L Offerings shall show / the purposej the rate of interest, date ot 1 April 29—v. matcly $200,000 for. the city/ un¬ the registered or No. der D, bonds Nos. Revenue fered receive will payable J-J. -■ . Oakman Mr, of the fol¬ (EWT), p.m. day. is rate est coupon District follows: sued and sold they will be in the dollar-, price, as of May 3, ,1943. ' f; /Bonds \ maturing / during / the amount/of $1,000 each; the sum o£ gating $42,000, are called for pay¬ years 1944 to 1948, both inclusive, $10,000 of the/said serial bonds ment on June 1, at par and ac¬ will become • payable on July/1, only will be accepted. i :4 • /; crued interest, at the Evangeline The city reserves the. right to J.944, and a like amount on the Bank & Trust Co., Ville Platte. .; same day each year thereafter reject. any or all offerings: f Dated June 1, 1937. Denom.: until all such bonds are paid. The ;; The city reserves the right; on $500. Due June 1, as follows: $2,4' bonds purchased which are de¬ bonds; whether amortization or 500 in 1944, $2,000 in 1945, $4,000 livered subsequent to' May/ 10; serial;/ will be redeemable in full in 1946, $4,500 in 1947, $5,000 in on any interest payment date 1943, .to pay accrued interest/up 1948, and $6,000 in 1949 to 1952. i- to that date from arid after 7 xk years from the only. /:>' ' Interest ,ceases on date called. I date of issue./ The bonds will be \ ' * ' ' "I Offerings shall remain firm un-4 ' $25,000 Water were citY reserves the right,? on //Bond Offering Jean Robertson purchased which are de¬ maturity, J. 52, 26 to 39, 41 to 43, 48, 51 to 32, 64 to 68, and 70 to 127, aggre¬ '' Water District Issue Awarded— The New . MONTANA : all tenders;- or , Clerk Call—Town Bullet at Iota and Clarence (P. O. Clarence Center), , . of March, 1944^ the matter has been deferred for the present. interest the Board, /oted to abandon the plan of re-' financing the issue. man Dated LOUISIANA (P. O. Houston), Miss. ' - Trauerntcht the debar puice as of May 3, 1943. v; The city reserves the right to started ing to Mr. Frey. Following Chair¬ (EWT) J-J. " first choice and serial bonds will investigating the possibility of re-j that he will receive offerings -on oe the second choice of the School financing that issue at a consid-j the same day at 1:30 p.m. (EWT)/, If amortization arable saving, the market for the: of Detroit, 4 Mich.; Non-Callable District Board. bonds in the amount of approxi-' bonds are sold and issued, the en¬ .ssue has become inactive, accord-; the suit, which mentioned city j lowing $100,000 a year. Court refinance to company considered of the Chickasaw County ... 1936, according to Mr. Frey,: livered subsequent'to May 10,; to sealed and open bids until June of Thomson, Wood- &' pay accrued interest up/ to that 1, at 10 a.m., for the purchase of • / ' ""V/ Hoffman, of New York, held that5 date only. Tenders shall remain firm uri- $150,000 refunding bonds. /Inter¬ what particular issue was non- 1943. already structed. clue until .firm would render an opinion in the case. However, litigants previously had • / / /%Vty/|/ MISSISSIPPI / Board Bond Keller, ^ V Tenders will be accepted on- the basis of the highest net yield /to - and $65,000 airport' bonds. ¬ Sewage Disposal System under the following .- con¬ vestment for the In the YORK ler bonds Finance Committee. coun¬ Included among the lawyers ap¬ pearing in the April 23 arguments before Judge Adams were Attor¬ ney-General Hubert Meredith 1, bonds of an issue of Jan. ing NEW Buffalo, N. Y. . carded—The ' • i\ . Bond 000,000. Bond Refunding Deferred—City Comptroller Frank M. Davis con¬ MINNESOTA ; can holding school property on under taken was fiscal refinance to dated May 1, 1937. ness, Detroit, Mich. ■y-' Tenders shall show the purpose.' Levee District (P. O. New the rale of interest, date of rma? / Bonds Approved — An issue of Orleans), La. turity, the dollar value and the $92,000 4% refunding bonds has been approved by Charles & Refinancing Proposal Dis¬ yield. .v///-/-;/■ Orleans of Educa¬ Board Monday, May 3, 1943 000 Commissioners. . /;//:?,%/'' same $300,- ler, Secretary, announces that the ;• receives full approval, the action Dewey /has ap¬ several bills of signifi¬ to the municipal fraternity, cance them being;. :■ Chapter 696, Laws of 1943, amending /Section 8-b and reenacting Section 5-c, General Mu¬ nicipal Law, and amending Sec¬ among ■■£ tion 11.00, Local Finance Law, provide for temporary finan¬ cing by municipalities, school districts and district corporations to of plans for post-war projects by issuance of capital notes; period of usefulness of (S.. Int. 3ears. plans to be three 1443, Printed No. 1695.) /■:?■/;, 1917, Printed 2305, entitled: ? /. A. No. Int. "An Act to statutes of laws the of tions so amend the as the State municipal to No. • several local and corpora¬ such harmonize provisions with the Local Finance Law." •///■////:>/"v;/.'/. ■■ , .'/'•■// / //' . Rules Bill is now Chapter 711, of the Laws of 1943, to amend the Local Finance Law generally. (A. Int. 1918, Printed No. 2306.) ; / Assembly Committee on Rules bill is now Chapter 712, Laws of Assembly Committee on 1943, to amend the Local Finance Law, by adding thereto a schedule of laws repealed. (A. Int. 1919, Printed No. 2307.) In approving A. Int. Nos. 1917 and 1919, the Governor filed the following, memorandum: "These bills are a result of the carefully considered research of the Tem¬ State Commission for the Revision and Codification of the porary :Volume 157 1611 Under a new provision, ditional bond financing is ex¬ Reynolds, clerk of United States: municipality, school district pected, before July 15, 1943. The District Court,- at Greensboro, on: corporation > -in the purchaser will be furnished with April 19, for consideration in the untiring effort and painstaking or, district State planning # local post-war the ;opinion of care have gone into their prepara¬ of Reed, Hoyt & Winston-Salem division the tion under the leadership of the improvement may apply for State -Washburn/, of New York, that the court, asking judgment of $16,970 chairman of the Commission, As- aid up to half the. cost oL prepar¬ bonds are valid and legally bind¬ in principal, plus interest, by B. sembyyman Abbot Low Moffat. V. ing such plans and specifications. ing obligations of the City, and A. Dukes, resident of South Caro¬ "There may be errors in this Allocation of the money is con¬ that the? City is authorized and lina, holder of the bonds in quesmonumental work, but that is in,- ditioned upon a recommendation •required ^ by law ; to levy on all .tion, according to report. The plaintiff alleges that he is ievitable in any codification of by the State superintendent of: taxable property of the City such as may be the holder of 15 bonds, each of such great scope. 7 The bills do public works and approval of the; ad.;, valorem taxes not take effect until July 2, 1944,. State commission. ;;«> *;7 £■>') ■necessary to pay ; the bonds and $1,000 denomination, of the Town To obtain the money, the chief 4he interest thereon without lim¬ of Walnut Cove, N. C„ designated which will provide ample oppor¬ No as "Water and Electric tunity for any necessary correc¬ fiscal officer of the municipality itation as to rate or amount. Light and tions at the next session of the must certify it has - made avail-; bid.will-be-accepted for less than Sewer Systems Bond," one issue able an- equal sum. The provid¬ par and 4 accrued interest, or for being sold April 1, 1923, and the Legislature. 1' '' ; ■■ 1 : / "These measures, by their enact¬ ing of1 planning • funds - commits bonds.' bearing a rate of interest other May 1, 1925, The complaint further alleges ment into law, render a great neither the State nor the -mu¬ higher than the lowest rate for Laws . :the commercial5 & financial chronicle Number 4173 • Relating ;to Municipal than More nance. Fi- two years of 000,000. any . • County Civilian Defense Organi¬ zation, estimated damage in. the Akron area alone at $2,000,000 to $3,000,000, while Cleveland reck¬ oned its loss . •contribution to the people of the •State and provide a much needed and of statute law. "The bills The ■ are approved." Catenaccio Chapter amend in modernization delayed long our 706, bill now Laws of 1943, to Housing Law, Public the relation to loan temporary of notes (A. housing authorities. 1833, Printed No. 2134.) Int. The Lamula bill is • is Chapter now •7070, Laws of 1943, to amend the Public Housing Law, in relation to temporary State loans to hous¬ ing authorities. (A. Int. 1241, Printed No. 1398.) ; Another Measure Issue Bond Rejected—The Governor also ve¬ toed the Wicks bill which would have authorized the construction of trunk highway bridge span¬ ning the Hudson River several •miles south of Albany near Casa tleton on there were He pointed out Hudson. outstanding bonds of the State Bridge Authority, which owns and operates existing bridges on the Hudson River and that the State pledged and agreed • with holders the that construction such of bonds not-authorize would it the of maintenance or ,ahy7 additional highway ^cross¬ the Hudson which would compete with such existing ings - over bridges.7.-77 Franchise • ;'77 ^ 7,7 Law Amended—Cor¬ porations doing business both and out given of an New State York in are added inducement to in¬ nicipality to any contribution or which any legally acceptable.bid appropriation for actual construc¬ for all: of, the boridsUs received. tion -at any:time.:7-/7-7::77':^'-'77 In the event that prior to the de¬ V Governor Approves Investment livery of .the bonds the income receiyed by private holders from Fund Measures—Governor Dewey bonds, of the same type and char¬ has approved the Coudert Bill as: acter "shall be taxable -by /the Chapter 512, Laws of 1943, to terms of any. Federal income tax amend the Public. Housing Law, law, the successful bidder may, and the State Finance Law, in re¬ at his election, be relieved of his lation to the investment of State obligations under the contract to housing loan funds. (S. Int. 1417; purchase the bonds and in such Printed No. 1654). " • 7;7- 7"- case, the deposit accompanying Governor Dewey has also ap¬ , proved Washburn the . his ..bid Bill as close will be certified a Chapter 511, of the Laws of 1943,. the face value amending Section 27, Workmen's for,; payable to Compensation Law, to authorize troller. the Workmen's State tion Fund any securities ■"" « City Syracuse, N, Y. •« . . Int. 1215, Printed No.j mission 1366). from the State • New the > Browne, President of the State Tax Commission,' which sponsored the measure, announced April 25 that the new law is ef¬ fective as applied to corporation franchise ticle tax of 9-A under returns Tax the May 15 for the tax ning Nov. 1, 1943. is to due begin¬ Law, year "The effect of the 7 Ar¬ amendment exclude from the allocation formula New used York determine to the base all obliga¬ by the United States and owned by a corporation whose business is not entirely conducted in New York State," .Commissioner Browne explained. Cash on hand and on deposit is tax tions issued Districts ports—School To File Districts Re¬ Bonds are re¬ reports to under a the State Laws 1943, be April 21 State a bill will $3,000,000 appro¬ under which the assume half the ;of planning local post-war struction projects. cost con¬ The $3,000,000 allocated to the temporary State Commission for Post-War ning until v . Public also will Works finance Plan¬ partly May on and Commercial am! Financial does said that bonds this in bill order ^operating deficits. not the of the South Euclid, Ohio Bonds Lost scribed or Stolen—Paul H. plaintiff's part." Mohall), N. Dak. in $2,500 certifi¬ indebtedness awarded on denominations of $1,000 each, 1, 1938, due July 1, 1968, subject to prior redemption on any interest payment date, and dated July numbered from 1517 to 1525, both inclusive. Coupons attached be¬ Refunding Bonds, Issue No. 11, in Certificate Sale •—The District of follows: ginning Jan; 1, 1940, through and including July 1, 1968. / PAKOTA reports that as Refunding Bonds, Issue No. 10, Colquhoun Sch. Dist. No. 2 (P. O. w e r e April 15 to the Bank denominations of $500 each, 1, 1938, due July 1, 1968, subject to prior redemption on any interest payment date and dated July North 4%. Bismarck, Dakota, of :.r-7.v-7-7; \'7;.'7-'■ numbered from 1545 to 1560, both inclusive; and also Bonds of Issue No. - meet State to cipal fi¬ The bill with the approval Comptroller whose that this that The accounts. stated he Governor not was satisfied legislation is at the present necessary time. NORTH the Cleveland Electric Illumi¬ of South Euclid, Ohio nating Co. of Cleveland, it is now .of South Euclid). au¬ duties include the audit of muni¬ . CAROLINA Cherokee County (P, O. Murphy), '■-::77-7:--U-7^.':C. by 4 pavement reconstruction bonds. Due May 15; $12,000 in 1944 and 1945, and $13,000 in 1946 and 1947. 1,500,000 funding of 1943, Series A bonds. $275,000 .1945 and in 1947. • 1943. Due on. May 715; 1944, $410,000, 1946,' and $405,000 in 7777 7* '• 77: $1,000. - -7" stated by City Auditor W. A. Ab¬ bott that the bonds were ex¬ changed with the above company indebtedness, pay¬ a premium of $14,128.40, equal to 105.72. Dated Dec. 1, 1942. Due on Dec. 1; $27,000 in 1944 to 1948, and $28,000 in 1949 to 1952, giv¬ ing a basis of about 1.51%. In¬ terest payable J-D. in lieu of past all Interest rate is not 1%, and must be the of the • , , to same Scotland : • Bond Ennis - of Call Neck, N. C. Town Treasurer & Ohio Tornado 31, and 42 to 44, aggregating $20,000, are being called for payment June 1. ex¬ three $1,000. Dated Due June 1, 1$65. Payment of the principal amount of said bonds will be made on or for i bonds. Principal and interest- payable at the Paying Agent of the City in New York City. Registerable as to both principal and interest but not as to principal only. The bonds will be ready for delivery- at the place on more of maturing on June 1, 1943, and„ prior will. be paid on pre¬ sentation and surrender. - Interest . 7 7" in the office of Henry result There is criminal act. believe been that reason as • they may destroyed . . Springfield, Ohio Sale Band ditor the Pending—City John M. Stritch states Au¬ that Treasury Investment purchase the fol¬ lowing 2V2% bonds aggregating $164,235: " City Fund Board will $10,000 city building bonds. Due $2,000 from Sept. 1, 1944, to 1948 incl. 154,235 street improvement bonds. Due on Sept. 1; $16,235 in 1944, $16,000 in 1945 to 1947, and Summit $4,000,000 as it dug out by a series of that left nearly 500 and injured more $15,000 in 1948 to 1953. M-S. Interest payable than crippled several war plants. Ray Myers, Chief Communica¬ tions Officer of the Summit County (P. O. v strewn damaged nearly 2,000 homes and ( suit' filed these the missing of 1924, struck freakishly in 11 widely separated sections of Cleve¬ land, slashed through Akron and a dozen • smaller communities, Walnut Grove, N, C. Sued For Bond Payment—The town is named as defendant in a destruction and 1 7 Cou¬ pons date called. (State of) Estimated at ■ subsequent coupons at the Chase .. that believed not are Second 7 made by J. A. White 150, the Associated Press reported in a dispatch from Akron dated April 28. The twisters, Ohio's worst since the Loran tornado of June 28, form, ac¬ companied by all Dec. 1, 1943, and ceases on than debris homeless the bonds in negotiable - a to Damage dead tornadoes surrender of National Bank, New York. of $4,000,000—Northern Ohio counted Denom. after date called was 114s. as Co. of Cincinnati. refund¬ ing bonds Nos. 5 to 12, 17 to 24, on Cincinnati, high bid — Bryan states that is It bonds (now City have unintentionally and innocently. Bond dealers, banks and others, however, arC cautioned to be on guard in case any of these bonds should be pre¬ sented for purchase or exchange or as collateral. They are urgently Ironton, Ohio Bond Purchase Pending?—It is requested to communicate with reported that the City Sinking Mr. Prasse by telephone or tele¬ Fund will purchase $9,000 3% graph, collect, if such bonds are delinquent tax bonds. Dated April presented. 1, 1943. Due $3,000 on April ing June 1, 1935. Dated May 15, ceed 6%, payable M-N. -Rate to be in a multiple of 14 or 1/10th of Marble District. on specifications for a in New York indicated by -the State program of peace-time pub¬ purchaser on May 15, or as soon lic building which the commis¬ after that date as. the bonds can sion estimated would cost $350,- be prepared for delivery. No ad¬ plans Bond 7- Ohio Akron), :v7-:77;:'" Sale—The $200,000 semi- appraisal bonds April 23—v. 157, p. 1412—were awarded joint¬ ly to the Dime Savings Bank and ann. real offered estate for sale the Firestone on Park Trust & Sav¬ ings Bank, both of Akron, as Is, paying a price of 100.005, a basis of about 0.99%.. Dated May 1, 1943. Due on Oct. 1 in 1944 to 1949 incl. The second best bid was an of¬ of 100.56 for 1*4$, tendered by Stranahan, Harris, & Co., Inc., : fer of Toledo. - Chronicle (Reg. U. S. Patent Office) William B. Dana' Compdny,- Publishers, 25 Spruce Street, New York, BEekman. 3-3341.. Herbert P. Seibert, Editor and Publisher: President; William, P. Rlggs, Business Manager. -Published1-twice a week [every Thursday (general news and advertising issue) with a statistical issue on Monday]. Other offices; Chicago—In charge of Fred H. Gray, Western Representative, Field Building (Telephone* State 0613). London—Edwards & Smith," 1 Drapers* Gardens, London, E.C. Copyright 1943 by William B. Pana Company. Reentered ,as second-class matter February '25,"1942,- at the post office1 at New York, N." Y'., "under' the Act of March 3, 1879. Subscriptions in United States and Possessions, William Pana Seibert, $26.00 per year; in Dominion of Canada, ■ $27.50. per year. South and. Centrals America, Spain, Mexico and; Cuba, $29.50 per'year; Great Britain, Continental Europe (except Spain), Asia, Australia NOTE.*'On account of the fluctuations ih the rates- of-exchange, remittances for foreign subscriptions and advertisements must be made in New York funds. and Africa, $31.00 per year. A future, according to report. in . issue and nance , bids noon - Housing Fund Ap¬ propriated—The Governor signed demands Raymond Tenders Invited — It is stated V. Ellis, City Comptroller, for the by ;B. L.; Padgett, Clerk of the purchase of the following coupon Board of County Commissioners, or registered bonds aggregating^ that the Board will receive tend¬ 1 in 1946 to 1948. Interest pay¬ $3,000,000: r ers until May 15, at 10 a.m., of able A-O. $700,000 pavement reconstruction the following interest funding Lorain, Ohio bonds. Due $140,000: from bonds: Cherokee County, Chero¬ Bond Sale—The $14,161 park May 15, 1944, to 1948 incl. kee "School, Murphy Township, playground and defense building 750,000 pavement reconstruction Beaverdam Township, Valley- bonds offered April 28 and fully bonds. Due •• $125,000 from town Township, Hothouse Towndescribed in v. 157, p. 1323—were May 15, 1944, to 1949 incl. 7 shiph, School Creek Township and awarded to Seasongood & Mayer 50,000 (EWT) by the Post-War priation bill authorizing bonds to fund received Denom. on a issue to Rochester, N. Y. Offering — Sealed Bond will Comptroller signed measure of city $4,150,000 notes and to permit it to operate on a cash basis. 77 7 financial Governor. Rochester, N. Y. Approved —Go Vernoi Dewey has signed as Chapter 649, • quired to make annual — bonds near sale . also eliminated from the formula. School make to • the Rollin truck for ' 7 determine Expected fire offered ' The amendment eliminates Fed¬ to of be ...... State's used Offering issue will , law recently signed lae Bond $7,500 . ^ the York tax base. failed despite NORTH at tax eral bonds from allocation formu¬ has payment, the on Comp¬ thorizes. the city to borrow money Dewey. such of Governor ernor he alleging further that "the defendant per¬ (A. pledge its tolls and revenues and providing for tax immunity con¬ tracts by the State* etc. franchise by Gov¬ , Refunding 11, in denomi¬ troller to refund $900,000 bonds nations of $1,000 each, numbered McLean County (P. O. Washburn), from 3527 to 3579, both inclusive, maturing in 1944. Cash redemp¬ Niagara Frontier Authority (P. O. N. Dak. tions in that period will be about and dated and due and subject to ; Buffalo), N. Y. Bond Flection Contemplated— redemption $2,700,000, it was Said. as above set forth. Bond Issuance Bill Approved-7! The County Board of Commis¬ .Coupons attached beginning Jan. Governor Dewey is said to have' r Yonkers, N. Y. ■ ' sioners is said to be contemplating 1, 1940, through and including approved the Moffat Bill (A. Int7 7 Bond Issuance Bill Vetoed—i calling an election to have the July 1, 1968, on both denomina¬ No. 1785, Print. No. 2399) / as Governor Dewey is said to have voters pass on the issuance of tions. rf; Chapter 701, Laws of 1943, to vetoed the bill .which would have ; $82,000 road and bridge repair Bonds of both issues are en¬ amend the Public- Authorities- authorized the above city to bor¬ bonds. 7 ' / ) ". ' • graved in green and printed in Law, in relation to the Niagara row money and issue bonds in an black ink by the S. P. Mount Frontier Bridge Commission gen¬ aggregate principal amount not ; Ohio Printing Co. of Cleveland, Ohio. erally, changing its name - to exceeding. $1,500,000 to provide Euclid, Ohio Principal and interest payable at Niagara Frontier Authority, au-' funds to meet the remaining por¬ Additional Information—In-con- the main office of The Cleveland thorizing it to construct - a toll tion of the accumulated operating oection with the tunnel or bridge in the City of deficit of the report given Trust Co., Cleveland, Ohio. city and to authorize Buffalo, to acquire an abandoned the issuance of notes pending the here* last December that the City ;: Both issues are signed by Paul Council had issued $247,000 2 % % H. Prasse, as Clerk, and D. G. right of way from within the City issuance of such bonds. indebtedness liquidating bonds to :Qviatt, as Mayor, of the Village of Niagara Falls to within the : In disapproving the bill* the ment. City of Buffalo, to issue bonds, to corporation pons, cates vest corporate funds in war bonds, under an amendment to matured. Suit have being brought for payment of the principal of the matured bonds and interest-bearing cou¬ ' > aggregate ;7 Plans Bond Issue-4t is reported purchased for invest¬ that the city will request - fund of which 199 Comp¬ the ;■ Salem, Ohio is Clerk sell to - trust the $1,- Prasse, City Auditor, announces that $70,000 Village of South "Euclid (now City of South Euclid) that these bonds in coupon form refunding bonds have been lost or and payable to the bearer, have stolen prior to their exchange and matured, and that he is also initial delivery to holders of out¬ owner of 301 attached coupons, standing bonds. The bonds are de¬ En¬ Compensa-j Commissioners in returned. check for 2% of of the bonds bid of excess 77: :777:7-: . ■ in 000.000. THE COMMERCIAL 1612 Pittsburgh, Pa. i Secondary Sale — The Police¬ Ada, Okla. Bond Sale—The Oklahoma State men's Bank and the First National Bank, award¬ both of of 1946 and 1948 1952 to bidder 1947 $4,000 from Second high incl. the Pension and sold city Fund on Consolidated Federal and Bank Farm Land according to Secre¬ bonds, tary-Treasury Chester B. Morley. One lot consisting of $269,000 the Small-Milburn Co. was Relief April 22 a total of $404,000 of its holdings of Pennsylvania municipals and Ada, jointly, were ed on April 27 an issue of $30,000 airport bonds as l^s. Due $5,000 in sion had been PENNSYLVANIA OKLAHOMA of Wichita, which bid for $16,000 IV2S and $14,000 lYts. bonds sold to Charles Clark were & Co. of New York and the bal¬ \ Enid, Okla. Bonds ceived Offered—Bids until acquired by Graham, Parsons & Co. and Butcher & Sherrerd, both of Philadelphia, in joint account. re¬ were April 30, at 10 a.m., City Clerk, $65,000 air¬ port bonds. Due $9,000 in 1946 to 1951, and $11,000 in 1952. by F. for the K. Beekman, of purchase Bonds Voted—At an election construction 27 city C. to Honnold of Oklahoma for said of on of the rock lV2s, 1951 incl., and $25,000 DAs, inaturing $5,000 from 1952 to 1956 the vestment $25,000 as sewer offered struction bonds Township School District in¬ an and Senate cor¬ "Both times," he said, "I exer¬ cised my privilege to go before the committee and voiced my op¬ position to the bill. section that of the abolishing mission's in the the work The . . . I bill .and of rest and the provides is act Sale—The authorized was April on 13 purchased a rate of to County Safe (P. O. Jackson), Tenn. offered 1413—were airport April 27—v. 157, p. awarded to the Sec¬ ond National Bank of Jackson, as IV2S, at of price of 100.60, a about a basis April 1, April 1, 1953. 1.44%.: 1943, and due Dated on Boston Deposit Call—It is Bond P. by Costner, Secretary-Treasurer, the Maryville Electric System, that the city's electric system rev¬ — ' extension bonds ' 2%s. v* 8,000 storm bonds sewer as 2V2S. 15,000 imp't .bonds, with $6,000 as 2!£s, due on Aug. 15 in 1945 to 1950; the remain- ' ; ; ■ park ; ing $9,000 as 2%s, due 011 15 in 1951 to 1959. A 6,000 jail bonds 5;000 street bonds Dated as Aug. v 2%s.i light extension Aug. 1942. Lebanon, Ore. the ' Council had ordinance calling for an an election City H. Randle to the ef¬ May 21 on the voters to submit to $70,000 issue of sewer and drainage bonds—v. 157, p. 1412—was erroneous, as the elec¬ tion not a is to vote a on tax a levy and bond issue. Marshfield, Ore. Bond Call—Ruth Hoagland, City Treasurer, reports that refunding bonds, series 1938-A, Nos. 49 to 170, have been called for payment on June 1, 1943, at the Treas¬ urer's office. Denom. $500. y North Bend, Ore. Bonds Council Authorized April on — The City 12 passed an ordinance authorizing an. issue of $20,000 refunding bonds,1 dated May 1,1943. city conduct to Bond Voted period were payment City Council April to call for May 1, 1943, $7,000 in on 10-year given final passage the Rhode April 15 by Legislature. The concurrent actions voice votes,;-.but branch of in Island were the by upper the Legislature, Sen¬ Thompson, Crans¬ ton Republican; William G. Troy, Providence Democrat, and Ray¬ mond A. McCabe, Providence Democrat, were formally re¬ corded as having opposed passage of the act wiping out the com¬ mission, which the Legislature created four years ago. Senator Troy also voted against the re¬ funding measure, which Senator Thompson announced he did not oppose. sewer refunding bonds of 1928, maturing in 1948. Vale, Ore. Bond Refunding Contemplated —The City Council is said to be 'taking steps toward the refund¬ ing of $45,000 4% bonds at a lower interest rate. out of ;;,■■■ : The Senate passage to made gave measure for a amendments sections second which were time. The renumbered improperly ac¬ the Senate. the two McGrath to Howard State's the present cor¬ porate excess tax from a property tax to an excise levy and provid¬ ing for inclusion of Federal Gov¬ ernment securities in evaluating the of the tax¬ corporate excess measures in Fund been State has 100.569, 1.71"%, Other l%s, as basis a of bids: '(for Halsey, Stuart & Go., Inc:, 1(10.17; First National Bank of Chicago and Northern Trust Co,, Chicago, 100.15; Blyth & Co., for $124,000 2s and $149,000 l%s, at 100.01, by Blyth &<Co. and Dallas Union R. W. Trust Co., Dallas; (for 2s) Pressprich & Co.; First Na¬ tional Bank of St. ■ Paul, and Co., 100.40. $1,000. Dated April 15, Smallwood & Due 1943. June on 1 follows: as $5,000 in 1944 and 1945, $7,000 in 1946 to 1950, $8,000 in 1951, $10,000 in 1952, $11,000 in 1953, $12,1954 and 1955, $13,000 in 1956 and 1957, $23,000 in 1958 to 1960, $25,000 in 1961 and 1962, and $30,000 in 1963. Principal and interest payable at the Cen¬ 000 in Hanover tral Bank.& Trust?Co., Complete bonds »and unqualified approving ^opin¬ New York. the ion the Attorney-General, end recognized eastern market attorney will be furnished by,.the of some District. \ / Hidalgo County Road Dist. No. ; Texas Bond Tenders 7, "• Invited—County Auditor B. F. McKee reports that he will receive tenders until May 4, at 10 trict's the above dis¬ bonds. The of a.m., -refunding amount available $14,000/ ;; for v purchase is / ;; , Hutchinson County (P. O. Stinnett), Texas f ' 1943. been placing the gaso¬ line tax revenue in the sinking Navarro County Cons. Road Dist. No. 1 (P. O. Corsicana), Texas fund for the retirement of high¬ Bonds Sold—It is reported that way bonds. The association con¬ tended it should not take long to $16,000 2 V2 % semi-ann. refunding bonds have been purchased by build this fund to a satisfactory level, the after which, it was urged, should go into a post¬ building fund. revenue Such legislation had been passed by the Democratic House several days prior to the adjournment. On the day of adjournment the the the sent in House a measure form back which to sim¬ ply changed the present corporate excess tax law so that Federal curities, M. L. Daniels se¬ Maturity—The Superintendent reports that the $10,000 2V2 % semi-ann. building and improvement bonds sold to of Schools The House then Senate the amended ate. include proposed from excise tax a by property the House - bill 120-day the Sen¬ changed the levy to an Senate permitted it to die in its Finance Committee it voted final adjournment. County (P. Charleston), S. C. Bond Issuance to have Pending taken to have the voters pass on posed The ac¬ $350,000 bond issue to provide roads, sewers and other utilities a county housing project. for issuance Due in of the $95,000 from one to pro¬ road five . issue of the , Purchased — Leonel on April 22 at prices rang¬ ing from 87.50 to 99, plus accrued interest. Castleberry Sch. Dist. (P. O. Fort Worth), Texas Bonds Sold—It is reported that $11,000 2V2% semi-ann. road re¬ funding Series of 1943 bonds have been purchased by R. A. Under¬ wood Co. & of Texas Education Seen a Dallas. Dated (State of) Board Imperilled Bill—The State recent elec¬ Board Senate in cently approved Board, considering House drain that into vate a of Educa¬ Gaynor its the to bill a Kendall, the above of enactment possession the re¬ forwarded committee investors the would of pri¬ securities which are now bringing to the permanent school fund something like $780,000 a year. This pros¬ pect is the more disquieting be¬ cause, with prime school district bonds commanding higher prices than ever for pay¬ construction bonds. tinuing have and counsel told them is to Legislative ing with alarm the action of the approved the issuance of $25,000 said Investments By tion members are said to be view¬ tion are ' T exas Mouzon, that 6% present¬ voters , Taylor County (P. O. Abilene), investment tender Bonds Voted—At approved sewer revenue ]. " •, election an voters $75,000 by the House. Garza, City Auditor, reports that $54,000 3% series of 1941 refund¬ ing bonds were purchased via the 6 bonds., " District Election—County Auditor Bonds — Road Angleton), Texas Brownsville, Texas tion recently on a bill calling for — Bond Dated April 1, 1943. F. A. Taylor states that an election is scheduled for May 25 in order O. favorable Ridgeville, S. C. ton, East Providence Republican, Bond Call C. H. chairman of the Corporation Com¬ Town Clerk, announces mittee, explained both bills. Senator Thompson said the electric light plant bonds measure abolishing the commis¬ ly outstanding are called County No. 8 (P. O. years. County Legislative Committee is said Brazoria bonds. SOUTH CAROLINA Charleston 2.49%. the to the Because it still tax back original to provision sent an Voted—At April now tax-exempt, would R. A. Underwood & Co., of Dallas, be included in evaluating cor¬ at 100.07, are due $2,000 from porate excess only if disposed of March 1, 1958 to 1962, giving a within 120 days of acquisition. basis of about Dallas. Nederland, Texas on Ballinger Sch. Dist. (P. O. Ballinger), Texas of April 1, 1943. Bonds TEXAS now a Senator Clarence H. Hor- Worth, of l34s) gasoline revenues for post¬ construction of highways war war payer. to identified in the original bill. Brief discussion preceded on Securities Federal of legislation backed by Democratic which necessi¬ merely price a $11,000 21/2% semi-ann. road re¬ funding Series of 1943 bonds have been purchased by M. L. Dan'riels of Dallas Dated April 10, approval of the bill by the House a Bonds Sold—It is reported that Status Change to concurrent amendments awarded to were has Tax the refunding bill, but technical $273,000 re¬ April 27 syndicate com¬ offered adopted by the Tennessee 1 -—Final adjournment of the State1 County Highway Association. ■The group pointed out that Legislature was reached on April 20, with the Republican-controlled 'since road construction stopped State Senate refusing to;; pass because of war restrictions, the Refuses Legislature as tion ■5%% group.; Senate ators William J. tated Call—The early be V The — bonds re¬ a over Construction Post-War Legislature would; Urged-—A resolution urging ' the represented ~ <m the study State to build up a reserve fund change $2,000,000 a funding operation the other Ontario, Ore. more Governor J. ISLAND the bi-partisan sewer commission in Cranston and authorizing that Election Not Scheduled— that Philadelphia. Le¬ gality approved by Morgan, Lewis & Bockius,' "of Philadelphia, and Greer & Johnson, of Media. Cranston, R. I. ' Legislature Approves Bond Re¬ funding Bills — Bills abolishing < City Recorder George states that our report fect tional Bank of Interest OREGON passed der, in whole or in part, at the option of the District, on any in¬ terest payment date, at par and accrued.- interest. Principal and interest, payable at the First Na¬ RHODE 15, or¬ Not than three members of the 2V8S. as payable F-A. Bond $8,000 from March 1, 1944 to 1953. World War. Callable in inverse numerical as Sale funding ' sewer School District, Texas Denom. stated . 30,000 be considered. Worth Independent " Maryville, Tenn. Bond 1 K. $80,000 general bonds to pay unfunded obligations con¬ tracted for general operating ex¬ Fort about Sale—The $25,000 Bond bonds 0.68%. issue terest will : wards Co. of Fort & Trust Co. was awarded on April 15 a $300,000 enue Series A bonds, Nos. 365 to temporary loan at 0.40% idis-; 425, are being called for payment Second high bidder for the count, plus a premium of $3.00, on June 1, at the Chemical Bank $55,000 block was Small-Milburn penses. according to the City Treasurer. & Trust Co., New York City, or Co. of Wichita, on a 1.35% net Denom. $1,000. Dated May 1, Dated April 16, 1943. Due on Sept. at the Bank of Maryville. cost basis.; Dated 1943. Due on May 1 as follows:- 10, 1943. u ,• June 1, 1939. Denom. $1,000;- Due ' - ' ^ Pry or Crdek (P. O. Pryor), Okla. $5,000 in 1944 to 1949, and $6,000 on June 1, 1958 and 1959. Rhode Island (State of) > in 1950 to 1953. Interest payable Additional Information—In con¬ Considers War Bonus Legisla-i ;! Mount Pleasant, Tenn. M-N. nection vfjth the sale of the bonds Registerable as to prin¬ tion—A House-approved bill pro-: Bond Call L. H. Hammond, - r.y aggregatiilg $94,000 to the Amer¬ cipal Only. viding for the creation of a seven-; City Recorder, reports that elec¬ ican National Bank, and the First member Commission to study the Upper Darby Twp. Sch. Dist. 1 tric system revenue series A National .' Bank, both of Pryor, (P. O. Upper Darby), Pa. question of bonuses after the war bonds, Nos. 201 to 210, are called jointly, at a net interest cost of for Rhode Island men and women Bonds Sold—District Secretary for' payment on June 1, 1943, at 2.58%, as noted here last June, John J. Schiedel states that the in the armed services was passed the Chemical Bank & Trust it is now reported that the bonds Co., District Sinking Fund purchased April 9 by the State Senate. The New York were sold at par, divided as fol¬ City. Dated June 1, Lieutenant-Governor would be recently $80,000 heating plant1939. Denom. $1,000. lows: ■ Due June of ; the bonds as Is, at a price of 100.25, a Chairman Commission^ 1,4956. " ; $30,000 water extension bonds as basis of about whose membership also would; 0.95%. Denom. $1,2%s. Tennessee (State of) 000. Dated March 1, 1943.' Due include three veterans of the First day, on a bid for IV2S. Due $5,000 each year from 1957 to 1961 incl. approximately the pur¬ chase of bonds, and only tenders of less than par and accrued in¬ at 0.643%; Newport, R. I. Temporary Loan — The the TENNESSEE of April by from date of issue. , issue offered April of available for are a Madison Leavitt & Co., New York, Bond Issue Approved—The dis¬ trict airport on Cranston, R. I. notes the- amount ■ equit¬ ;v.r sale $20,000 2% bonds offered 23—v. 157, p. un¬ refunding bonds, dated April 15, 1941. Funds Sale —The semi-ann. for he will receive sealed tenders til June 1 at 8 p.m. of price of 102.416, a, posed of Harriman Ripley & Co., 1.79%, to maturity. Inc., New York; Mercantile-ConorDue $4,000 from Feb. l, 1954 to merce Bank & Trust Co., St. 1958; callable after three years Louis, and the William N. Ed¬ able and proper way of approach-! ing the charges and I believe the original act is unworkable in that1 respect.", Bond V s ' ! " Invited—City basis of about neces¬ more a Yankton, S. Dak. Tenders Secretary M. H. Kelly states that $6,500 > DAKOTA SOUTH Eastland, Texas Sealed in :7vvAv4;:, City, paying -. sary that date. on 1324—were were held and it will be intention to vote against the "The due it hearings act. Trust & is Works. V I am still of the same opinion that I was at the time the my shall present same for at the Central Hanover Co., New York City, on or before June 15, 1943, together,; with interest coupons Public of and ! 15, , com¬ placing Commissioner par Dated, June one opposed sewer 15,1943, at interest. Holders of these bonds and Bank porations committees. (P. O. Plains), Pa. con¬ the same House of Boston named Plains purchased city payment 000 incl. The coupons both the Monday, May 3, 1943 June on 1923. and $200,000 for removal along highways. 124.61. ment "quite controversial" and had been the subject of hearings by was $200,27 was Secondary Sale—Salomon Bros. awarded to Halsey, Stuart & Co., & Hutzler of New York purchased Inc., New York, at 0.63% dis¬ the $138,200 of city bonds offered count, plus a premium of $4. by the Sinking Fund Commission Dated April 28, 1943 and due Dec. on April 28, paying a price of 2, 1943. The First National Bank $5,000 annually from 1946. to $30,000 include re¬ accrued Note a due would Pittsburgh, Pa. Edgar City, by the in the offing. to be amount This bonds funding of $300,000 floating debt, more than $1,000,000 to repair April bid 100.022 is on sewer offered Expected—The councilmanic sewers, $55,000 bonds awarded were Issuance presented at the quest of the City Council, that it issuance of not to exceed $1,500,- Norman, Okla. Sale—The were 000 bonds. Bond $135,000 Bond April 14 the voters authorized an issue of $65,000 airport improve¬ ment of ance & FINANCIAL CHRONICLE the fact before, owing partly to that the income non-taxable, it is difficulty for the from a con¬ Board Volume find .'eligible to to for school investments the cash in the permanent fund. bill The amend would Article Board Education of ter a and tions manent bonds fund school bearing the the by for per¬ optional of rate same authority to the issuing dis¬ tricts by making it mandatory on State Treasurer the exchange when make to requested bonds have been presented to the State Comptroller for registra¬ tion or exchange in which to pur¬ chase the refunding bonds, pro¬ said Board will pay the price offered thereof by the best viding bidder." while the refunding bonds, term This discrimination, Mr. the House Commit¬ Kendall told tee, would make it profitable for private investors to buy the best of (them at prices which exacts a return of 2l/z% on investments in ?chool bonds. Few Bonds Left Relief Re- tions' its on 10-year relief bonds paid by the State on April thus leaving due only $1,- was 10, 145,000, which matures next Oc¬ tober, and the money to pay these is the in When State the the made and issue 000 State the liquidated Treasury. October ments which will original all is payment have in Cleveland year Reed's the James Jesse Board of needs V of the - the municipality has chase. been sold 1.94 100 2.25 1033 Jefferson County, Ala. (6 issues) _2'/4 1957-1970 941 Lancaster, N. Lanesville, Lansdale 940 Nebraska 940 the This voters. will purchase 1133 New 1129 New 1129 New warrants are after These maturing bonds were is¬ sued for relief purposes during depression and then and overmatched with principal and in¬ they were given priority in all general fund years ' 1, 1945, the date fixed by the recently adopted constitu¬ tional amendment for the State North S. Ind. Akron 857 Alley Dwelling Authority, 849 Ansley, 1038 941 Avon, ■ Y. N. • • 859 Dist. ' Boston Housing Authority, 20,000 v - : - ———-Aug. 1230 in ■■/' Iowa . 1 1417- ■* , . ctfs., due 1948-May Cincinnati Gas & Electric Co., 1st mtge.-3V2s, due 1967—Jun 1522 v 1231 West (2 N. '1.17 C. issues) :;v /;• r250,ooo 2.36 3.48 . 0.77 101.36 V ] - 1 1-35,000 1944-1953 ________. 3.00 ! rd9,000,000 1948-1958 100 5.836 1944-1983 ' t' 2.09 100.25 1*88,000 1,000.000 3.47 100.08 195,000 1944-1968 IVa-lV* . 100.07 1,200,000 1946-.1.965 1944-1966 3.25 100 100.89 34,500 2.10 ' . 2.93 1.48 100 1 C. 1944-1953 135,057 100.08 0.98 12 issues) —3 1962-1964 r51,000 102.27 2.85 March for sales 102 • ■ 100 r250,000 ' 1944-1961 O IA Kansas Wilkes Countv, N. bond ^ 100.14 r84.000 issues) k—:2%-3 (2 Z 100.19 3V4 Virginia (State of) Wichita, Total 1948-1950 Ohio—1*?4 Sanitary^, EX, Suburban _ 7,500 1944-1952 3Vs k __k: Ohio j. 14,000 3!4 ''V..'*. • : d Optional. separate municipalities (93 k$49,616,172 issues)-—-.. States : . Canada (Dominion 1134 Canada Ontario Hamilton, Steel " Hyacinthe, *- Total Canadian Public Inc., Service , Date ; 6'Jo preferred 5% - 1 1420 * - 1st' and ref-. July 1 1553 * , ■J * 0 I < 1 —Jun -__ki._.—-Jun 1 .Prior lien- bond«; series A, Pictfires. Inc..- Paramount •• - -• $3 conv, pfd. stock, ser. A—.May 8 preferred stock—————May 15 Public Service Co. of-New Hampshire— >; r1st 1361 1st mtge. k 1st 993 * . ■ . due 1958—v 1271 ? 10R3 1271 1 t2040 * ) * -%-i . i ; 3'/4%. bonds, series F, due 1966__— 1st preferred stock_i_ ->f :i.i;» "/ V ref. mtge. 5V2 % ref. mtge. 4V2 % 1463 1562' Superior Water. Light & Power Co., 7% preferred Toledo Edison Co.,' 31/2 % debentures, due 1960__ Bldg. Co., 2nd mtge. United Grain Growers Ltd.— *' ^May 10 Hotel 5 'h stock. May Brothers Co.-^ ' * • - /Collateral trust '4*keh~ bonds; series A. due-1956 1 Co., y; .r 4 1364 1364 1364 1364 1366 1276 ! 1565 • Convertible in this issue, tin volume 156.""" 1565 1468 1567 2 903 2 7- 903 • Apr -21 1 1st mtge. 4«/r bonds,"series Ar,~dtte l95522-May 14 3%% debentiires, due 1947__c—2^_22_-__May 14 •Announcement * *' - West,Virginia Pulp..& Paper Co.', 1st mtge.-3s, due 1954_Jun 996 iv; .-J.";-! 1364 7 _Jun 1 .—May 11 bonds. ,5%■ 1st mtge. gold.bonds, series A. due 1948-.-—July 4V2 % 1st mtge. bonds, series C, due 1949——2_2_2_July United Public Utilities Corp., 10-yr. int. scrip due 1945_May Wilson & •.*'*'» 1364 1364 , Warren ** • 5 > 10 bonds, series A, due 1949——Jun 1 bonds, series D. due 1950——Jun 2 Radio Corp. of America, "B" preferred stock.——July 1 Richmond Light & RR. Co., 1st & collat. purchase-money mtge. 4# 50-yr. bonds, due 1952.A:'-' — July 1 San Jose Water Works lst'mtge. 3%' bonds, due 1961—Jun 1 Shawinigan Water & Power Co., 1st mtge. & collat. trust sinking fund 4fi bonds, series F. due 1961———A_0.ct 1■ Sherwin-Williams Co., 57r preferred AAA stock 2__Jun 1 Simmons Co.. 4% debentures, due 1952——.; May 15 & & Tri-State 1 —July Pennsylvania Glass Sand Corp., 1st mtge. 3l/2s due 1960_Jun i'-1Ii 1st mtge. 1st 1559 899 May 3 May 3 May 3 —May 3 bonds, series C, due 1960— 3% % bonds, series D, due I960—— mtge. 3xk% bonds, series E, due 1961J.2— mtge. 3%% Puget Sound Power & Light Co.— 1st & ref. mtge, 5'7o bonds, series C, due 1950—-May 0 1459 * 1088 1466 1186 s 1459 - 1 - Pag" Date Securities Corp., 15R7 -England3 Power-Co.—- ■-#-.< llst'mtge. 3'As, Series A, due-1961i.*:2_i;-i—==--=--ii._'dMay 15 Corp.— Refunding. Jun 15 4% York Railways - r Sugar Co., 7% Potrero 2 1st mtge. 4s, dated 1905-iMay month. Philadelphia Transportation Co.— 3%-6% consolidated mortgage bonds-.—— 1361 1269 New New $4,452,879 issues sold during March. municipal Phoenix 1 1945._Jun mtge-. 5% bonds,- due 1944—_a„__Aug Inc., preferred stock : j.Jun New York.Fire Protection Co., 3.23 98.93 1952—_Jun 15 ' - 100.14 300*000 Phelps Dodge Corp.,'conv. 3Va'/^ "debentures due sinking fund bonds, due 1957—_May 4 1462 Minnesota Transfer Ry., 1st mtge. 3% bds., dated 1936 Jun 1 1183 Mortbon Corp. Of New York— -vv;: ;. Collateral tr. mtge.; bonds, series C, due 1951-Jun 1 ' 1272 * 3.69 r2,20Q-000 1957 98.62 Quebec.——k_3'/2 1st bonds, series A, due 1954_ 1.500 000 * * .May 20 stock—_Aug Bridge & Terminal Co.— bonds; dated 1908— 95,000 years 1944-1958 1422 1555 : 3%%•' bonds mtge. 2.01 V 4 20 3'/4 oft 100.72 357,879 1944-1948 —2 'A .—..4 Company and Issue— Page ; 1 Co.— mtge. Basis *130,000.000 ♦Temporary loan; not included in borrowings for the due 1951—_,.May 10 bonds,-due 4%■ serial Price Amount k$55,000,000 of)———3'/2 (Province Scotia Nova St. — (Province Manitoba 1039 1951—J-.Jun preferred stock___k Ltd., Wares, by Refunding bonds. r IN MARCH ISSUED ____ — Quebec Hull, !1"4 of) Maturity (Dominion of)——. 3.23 deb;i- due BONDS Rate Name Page 1.91 104.31 . ■ obtained funds including $68,881,771 temporary loans or and municipalities from agencies of the Federal Government. k Not — 100 rd30,000 Corp., conv.--ly?1)* Manati Sugar Co.; 1420 6 convertible preference stockvvvv^iJun -30 ______ 7.500*000 & Terminal Co.,-1st mtge. 6s, Lincoln Stores, * t — , 100 200,000 • 1944-1.950 Mich.-: „_3 V2 Wendell, Co.—. lst- mtge., series; A 414 %-bonds, due 1959——_-^July 1 Kentucky Hotel, Inc., gen.-mtge. 6% bonds .—May 10 Leeds & Lippincott Co., 3V2% bonds, dated Jan. 1, 1937..May 6 Lehigh Valley Coal Co.— - • ■ -1236 Commercial Investment Trust Corp.— r Wayne, : 1360 i -. •- 940 1132 Kankakee Water *• ^$4.25 series of 1935 4.00 . 1975 Stores Corp., -5'/) Kanawha 1521 1521 1521 3-yr. collateral trust notes——.—_—May 17 Caibarien-Remedios Water Works-Co.,-1st 6s, due 1945L_Jun 1 Central States Edison, Inc.,-coll*, trust bonds due 1950..May *3 •— i> Washington Dist., Md. 944 1.88 loo .. 11st* mtge. Broadway-Cooper Corp., lst-mtge. 4s, series A, due 1952_May 20 . 1.65 ■ 19, D. —— Upper Arlington S. due 1969_.k_k_kk— —k_May 21 Jamestown Telephone Co.— v ' Byrndun Corp.. '1st 11.000 .... 19*4-1985 v Higgins Industries. ; convertible debentures due 1949—_____———June 5 Utilities Service Co.— • • . « • bonds, series A, dated 1934_T.___..May 31 Bros. Corp., 5V2r/ preferred stock _i.: Independent Telephone Co*—— 4V4s. series A, due 1961_^__ „ Tiltonville, r\f* Texas 858 . Page Collateral trust 6% Citizens S. _r TrtV ss +* 860 Heyden Chemical Corp., V/acM preference stock —May 10 Heywood-Wakeficld Co., 10-year 571 debentures—..,.*..Jun 1 Corp.— Chesebrough Bid. Co., 25-yr.-6«& 1st mtge. Wash. I- Co. '1st 5s, due 1957__' _—May 3 Filice & Perrelli Canning Go., Inc. 1st 5s, due 1950——May 18 Fort Worth-Stock Yards Co., capital stock____. —May 15 General Finance Corp"., 5% conv. debs., ser. B, due 1951 General American Barker Sweetwater, 1039 1st Date ' debentures due Jan. 1, 1950 May 21 Sinking fund 3V2 % debentures due Jan, 1,. I960—*__^.May 21 -Sinking -fund 33/4 7^ debentures due Jan. 1, 1970———May 21 •S'/ak Seattle, 1231 100 v various Dallas Ry. notes, Sinking fund 23A% International 15,000 k 2 .2.40 2Va-4 County RKO —— 5,703,000 _______ Consolidated Gil : — Y.______i 1039 1.33 * 1943-1985- Ky.__v_._3'/a.l County, 2.00 100.08 r41,000 ,• > , _________________ Breckenridge • 103 rdl86,000 56,000 •i ; 0.77 —J—3 Fairmount Park Transit Co*-Fairmount Park Transportation - :_3 t *1.65 1944-1954 Iowa______—----kl Louis 860 939 Basis 100 25.000 Crossing,* Neb._„Y.__^—3'A :k.k;kk-' X 100.91 1947-1956 1-1.20 Wash. County, St. 1132 r9.000 — ■ • - Beaver Mass. 1130 99.55 100.68 2,000,000 ; 1944-1972 „3Va 1.29 100.04 21,000 * 1944-1963 ' ■ 1.97 -100 .- 225,000 —Wit- 1944-1948 Okla:—-——* 1, (3 issues) — 1.34 /• —— 3,744.000 . 1943-1957 City l&;__ 1. r$19,000 -., Md. ity, 859 Ky D. Y. CANADIAN MUNICIPAL 1943-1985 —1.40 _ Davega Corp.— R. Minn. Price Amount Vf2 — 2V2 Housing Author_______..various Bayou CypremontGravity Drain. ' '< Baltimore 1227 w"-. > 60.000 1944-1953 *_23A • "____'_1 k_v,'_l% 89.000 1.73 5 > :• • 859 " '100.12 : '.y^Kj 50,000 1943-1957 —*_„_1.30 Mich. ' Ballinger Ind. S. D.,-Texas— 858 1953___— • Y L Neb. N. 90,000 vy/::*;-/ . 1.03 jj101.08 noi N. J.___———— 939 1944-1961 1951 . -1)100? 32,000 r225,000 Authority, Riverdale, 1st American Providence, 100.25 1944-1952 134 1.66 7,180 2.31 <UQ0.95 v__ • (2 issues).) N. '■ L66 100 58,000 r50,ooo . 1944-1950 County, Pa.____ll/4 Richmondville, N. . 1944-1953 100 r420,000 1944-1947 —IV4 1229 • 1949-1962 .—4 Pottstown,. Pa. Jii- 2,050.000 •_ —_1.60 Y.___ —various Plattsmouth, 1.61 Au¬ Y._ Renton. Maturity various Neb. ing tenders, and the page number gives the location which the details were given in the "Chronicle." due Municipal Housing Wash., C. D. and common stocks called for redemption, including those called under sinking fund provisions; The date indicates the redemption or last date for mak¬ & Continental 1.22 1231 _.__2y2 Iowa_: D., 938 preferred British 100.19 the purchase / funds. Rate Name Page Below will be found a list of corporate bonds, debentures, 1-100,000 Providence, R. I.__ covering . *5f.r 1944-1958 1.89 • , Notices American -Gas & Electric Co.— 1.22 IV4 — Fla. following we list all'of the domestic issues put out during In the Redemption Calls and Sinking Fund _k'7;. 100.19 City S. Company and Issue—; -Company and Issue— 100,000 Okmulgee, Okla. of $49,616,172, aggregated March: 1230 spite of this liquidation, the State Treasury estimates the gen¬ eral fund deficit will be $30,000,- 1944-1958 County, previously noted in our issue of April 26, page 1515, new of long-term State and municipal bonds during the month by institutional and public trust terest never delayed as In 11/4 Rensselaer. which more than $20,000,000 For the first quarter of 1943. local financing amounted to $156,142,104, as compared with $209,615,576 in the corresponding period of 1942. Our figures, incidentally, do not include secondary sales resulting from liquidation operations were by the Federal Government. They have been paid off serially during d275,000 __k' 1132 Pittsburgh, 2.99 - 1943-1965 N. 1038 860 100.29 rl.8,500 * 100.93 Neb. 1037 ¥88 101.53 103.01 Indiana 1131 540,000 rl89,000 d50,000 Rochelle, N. Orlando ■"""'Jy 5,000 ' 1-140,000 Northumberland 858 ^ 1944-1958 Putnam Municipal Issues Sold During March 1945-1954 1943-1982 Newport Twp. S. D., Pa._2V* - 4*- 0.74 100.01 1944-1962 Conn. Rochelle. Roseville, March 1.94 100 r250,000 2 Conn.— London, Sac , American, London, 1228 As 100 T. *: j Texas.———.2 Brounfels, 1130 awards 2,653,000 > 1.87 2 V Neb— D„ Pulaski * 3.56 1948-1950 ____ 1228 such of holders State 101.04 1943-1985 D. 2, S. Dak.__4* 1229 on 1-250.000 Q.C\1 Zl.oUo 1132 negotiations completed. 86.25 0.75 engineer's report is obtained and 100.01 rll.OOO 91 Kensington thority, Pa. 860 the of held be 0~74 rd204,000 10,000 City • S. Norfolk, appropriation at the next session of the State Legislature.; Outr-of- 100.01 various —3 Neosho, Mo. 1036 eral Claims Committee for special 1.37 25,000 1965 D„ Ala. Noblesville. referendum 100.13 30,000 County S. D. 21, Neb 2>/2 Murfreesboro, N. C.__—_3 1130 a 57,000 1944-1948 Morrill 1132 1.97 i 1944-1954 _0.75 Iowa—- County, Mobile, consisted of housing authority awards. 000 on Jan. Lyon 100 V 1945-1954 .—1.40 _____3 Pa. 943 of revenues. Luzerne, the Madison properties to ¥.39 Mich,— 3-4 Municipal Housing New mitted 100.43 1944-1964 859 price of upwards of $10,000,000. The proposed purchase of the utility by the City must be sub¬ with the State representative of their district to have them presented to the Gen¬ 10,644 Pa.__ S. Park negotiations with American Light & Traction on a purchase price for the properties. Discus¬ make arrangements 850,000 rdl00,000 1944-1963 Lincoln 942 2.30 1945-1954 ___! Y. D„ Louisville 99.14 i'409,000 1946-1950 858 0.79 1944-1979 Liberty County, Texan ! 1% Lincoln Park S. D., Mich.—k—3-5 1228 a • 1.131 pay¬ comparatively small amount of manuscript bonds are held by the school fund, v Few States in the Union have such a record. ten S. New around ■ 0.64 ■;* _2'/a Illinois 860 - v____l»/8 Neb.__ D.. Ohio— New its matched S, Grange, 942 centers 0.75 City Housing Authority. ___L_—various J. ranged fromto Once this issue is retired State of Texas bonds will be the hands of an individual. deep Jersey 1130 $20,000,- interest 100.47 35,000 Iowa Kan. 942 •; Macksburg, Ohio 943 Miner County S. at '■i 0~95 25,000 1228 sion r595,000 1943-1952 _____1 1944-1958 942 steps report on should warrants these of sessors be . 1132 in the transaction obtaining an engineer's Next include Pos¬ Texas______various County, Ida 1227 up 166 i- 10,000 Commission, Ky. firm /': I 100.30 101.25 competitive bidding. now statute limitation. years' would 36,000 l'200,000 Light & Trac¬ engaged to set issue l'l,400.000 1948-1950 It has bond 1945-1959 County, Iowa— 1 Independence Village S. D., Ohio_2 Jamestown, N. Dak 2V4 1130 un¬ guaranteed the City price of par for 3% securities. a 15,000 100.23 pro¬ investment 15,000 ' 100.61 issue to finance the pur¬ bond a The 10,550 ' 1944-1947 —_ 50,000 the properties purchase 1.98 d29,000 ■ 1228 rep¬ /. 100. l'dlO.OOO 1944-1961 30,102 Bond to 3,006,000 1957-1058 D._a~_'_________1.70 Mass. Hutchinson, 1038 contract a 1943-1985 r400,000 that Stifel, City in proceedings Co. also are State because of the two various 1944-1953 Co., Inc., of Chicago, & to Purchase reported from the American warrants dated for Commission, 938 is r74,000 rl60,000 ____________IV4 939 N. and 1940, T20 9, Mich.-l—3-3'A County, Hudson, 859 of the1 Madison Gas & Electric Co. 235,108-D (1941-42 Series), which includes all war¬ rants issued prior to and including July 1, 1942. This call is for $2,537,546.80. 1, 2.16 100.40 1944-1952 Mont. Humboldt La which poses including No. revenue 100.10 1944-1947 1944-1959 1948-1950 : ; Hidalgo 859 1130 1230 resent the der The Sept. 2.000 6, Okla. Kearney obtained have General Revenue warrants to and to 0.81 No. 1946-1963 S. Hamilton, 1228 Utility Nicolaus is Guthrie, Madison, Wis. Plans calling for payment at face value General 101.09 Dist. Housing WISCONSIN Issue—It to he J 1.78 rsoo.ooo Greenville, Education, will be sub¬ scheduled for May 4. A . with which to financial the meet tion that 1.25 1948-1950 1 ; Greenwood Separate S. D., Mlss.,1 1230 $283,653.60 bonds, Treasurer reports 100.13 100.13 Elizabethtown, Ky. (2 issues)_2'/4-234 Equality Twp. S. D. 55, Illinois—4 a Greenwood, Miss. ,c._ 859 Bond Election—The issuance of (State of) Call—State Warrant 3.00 21,000 129,500 _—_____ 940 w. • ; liquidate the deficit under the legislative authorization which is expected to be- flexible enough to permit additional ;> issues if the deficit grows beyond the figures of next August 31.;;Texas Fire Ecorse Twp. S. D. 1226 Wyoming County (P. O. Pineville), State bonds sufficient issue Detroit 1035 942 passage The Legislature.' 100 •/"' 1944-1948 1944-1963 1231 VIRGINIA WEST . out of committee for by Hill (2 Iowa__: County, Mich. re¬ Y. 1228 ^ O.oU Issues)__l.80 J. N. N.. Y. .2.20 Neb. ___iy«-l»/2 Cumberland County, Me._2______l \\ Vt. voters cently authorized an issue of $90,000 school building bonds.- 1943, and lOU.OJ 50,000 Columbus, 9)9 858 position to get his bill : •; ;■ T1228 mitted to the voters at an election and the latter will move would / 859 biennium, Sept. Mr. State by the Voted —The Bonds - upholds 4j/2%. no 1036 Attorney-General Mann's opin¬ ion void tiredtLA block of $1,615,750 obliga¬ Cherokee ; 0.82 r550,000 1.30 1227 . 1.74 101.08 1948-1950 , Cheektowaga, N. Carteret, Basis 100.03 reoo.ooo *; rie.ooo 859 Milton Graded School District, seeks to vitalize at the 1945. in prior To Callahan County R. D. 1, Texas_33/4 Campbellton Common S. D. 16, 943 Price 62,000 / 1948-1950 Texas immediately for presentation appreciated Amount 1944-1963 Iowa_____l Iowa 0.50 County, 1037 As author amendment, biennium. every vestors. 31, Aug. fiscal the of the next serial, would be callable or interest-paying date,, if sold to the - permanent school fund, they would not be so en¬ cumbered if sold to private in¬ at 1230 be VERMONT 1, 1943, and Psave confusion and deficiency appropriations by fourfifths vote in the 49th Legislature of, and such district exercises its option to call State-owned bonds for repayment, the State Board of Education is given an option for 30 days from the date the But of as of Reed start under the provisions here¬ fide end Mr. owned bonds had been made op¬ bona deficit of the deficit erasing Article tional Calhoun Maturity 1% County, for greatly of State bonds to blot out legislative do which the bill would add to 2789, "when said State- age 1130 Wash. Vista pay¬ pending authorizing the is¬ the "And then," to quote the langu¬ , Bucna payment of these warrants will be Reed, Dallas, has bill tlfe the to cash¬ are should and Treasurer's office. sentative W. O, meet suance (;':vr-. so., revenue war¬ Prompt > situation, Repre¬ a that issued presented income. this To - The bill would transfer interest. within when ment pro¬ outstanding warrants thereafter keep appropria¬ tional owned the use ceeds to pay whether it will exchange non-op¬ bonds bonds, and issue to decide to general Bremerton. 1226 rants all State warrants able Rate -. 1134 . the State can en¬ cash basis on that date, is 1613 Name requested to notify the State Other than „ the of are Treasurer's office. The only way At present it within' the "discretion which basis, cash a on tory by Attorney-General Gerr ald C. Mann. •• : •-/ which has to do with-re¬ funding4 operations. go amendnient has been held manda¬ -fr; 2789, is THE COMMERCIAL & FINANCIAL CHRONICLE Number 4173 157 1472 1472 1614 THE COMMERCIAL & FINANCIALXHRONICLE Per When Holden " DIVIDENDS V '■ .... 1 Dividends first are grouped in two separate tables. In the bring together all the dividends announced the we which Then week. current follow with we show the dividends we Florida Ford Investment News previously announced, but Department" in the Motor Class B General $ 1 Yg G'r Per Co.— Wire —/ A ..____• Products Aeronautical Accessories Aircraft preferred 6% pfd. Corp., conv. Super Markets, 6(r preferred I quar, 6'v dividend) AA_ (stock Alberts 6 '/< pfd. _ $lVa Aa-A $1 Allied Stores Corp., G'., Arch American Quarterly American $7 Insurance & Foreign 6- 5 6- 1 5- 25c 6- 1 5-20 & (quar.) Leather, $2 preferred (quar.) convertible 5'.-r t.__ —r 5-15 5-12 75c 6-30 6-18 20c 6- 1 5-15* 15c 6- 1 5-14 50c 7- 1 6-15 preferred ,,_A C'( Metal 62 V2c A (quar. American Corp., Co. News common preferred American Smelting American Thread American :Ciass B _____AA'A Refining. & Tobacco 15c 5'/< Co., Co., preferred (quar.) 7- 1 6- 1 7% Atlas preferred Refining Corp., preferred 6'. Show, preferred 6(v (W. Preferred (quar. 1 Inc. preferred preferred $7 7'r 7- 1 1 5-31 - $1 v4 6- $144 6- 1 ,—— Blauner's, Mills Boott preferred $3 5V2A Teller. Borden (quar.)—— ptd. conv. (quar.) — $1 (quar.! ; Pipe Hill Bunker & preferred 6r.y preferred Mutual Missouri Mohawk 6-15 5-28 Monomac 5-10 1 / 6- 6-15 Muncie 1 Ginger 7V (quar.t Exploration (s-a> Class A Class (interim>4———:;-—^ B International Central Foundry. 5'/, Central Steel Central Vermont preferred $6 Publ.c Chicago Co. Carbon Commercial / 50c 5-14 Co. of N. Edison Co. Hotels, $114 Publishing, pfd. Y. A 37 — — ; $4 prior pfd. (accum.) — . Corp. of Canada-—. Co., preferred T< T.i (W. Dixie Co., Co. (quar.) Mines, East St. Bridge, Louis & Interurban 5-12 Pawners 1 Pittsburgh Poor C'e 4-30 5-20 $134 $144 , 5-10 ... ——~ 25c 6- 1 , 7 , 5-I8 4 5- 7 :' 5- 8. 6-30 5-28 6-30 5-28 6-15 5-31 6-15 5-31 4-30 37'/2c 5-31 5-21 $1 6-19 5-20 Sla4 5-20 4-30 $10c 6-1 5-15- ' conv. Ltd. (Initial) ' . . 3- 2 4-30 ?5c 6- 1 6- 1 • 5-15 $1(L» (quar.)A A A A—AA 5-21 Oil aa ' 50c 5-20 (Jersey City«~ \:A'A:;AA.AAA\'rA A—25c ■ 6- 1. 5- Tool Machine 1 25c ——A'Al/ A—A Iron (quar. > .6- 1 6- 1 $134 j "" J AAA $1 Corp. Co., $1 Chlorine pfd. conv. Baumer ,5-14. 5-14 5-21 1 5-15 5-29 5-15 6- 5-29 5-15 10c 6- 5-171 25c 5-15 1 5- 1 $1 6- 1 5-15 $1" 5-28 5-11 $1 5-28 5-11 Corp. iquar.i A 35c AAA—Aa -.4, .' 20c preferred (quar;)A—-$134 4-30 4-22 7- t 6-12 5-15 5-10 Co., common, ' . preferred Products L:A-AA Candle...;— 10c 50c 5-15 1 6- . $1V2 6-1 5-11 y 50c 6-15 5-22. $14# common———, 7-1 6- (quar.i-,.:AAA;,y'. A 5-10 1 6- — 7'f preferred 5-14; • 6-1 22V2C (quar.i A pfd. iquar.) conv. Mfg. & (extra) iWm.>, 6-10 6-2 $1 A—AAAaA :M/: < quar.) * " 5-14 6-21 commoiA_A-AA.:_—50c Co., 5 4 ..j'M ^_a—.A^a—A—A- Corp. & 5- 6-1 $14) pfd. (quar.) common—A— participating 5*2'? A 1 ,5-12 5-12 dends 5-18 •' Below 5 give the dividends announced in we weeks and not yet ' 5At announced - week, these being given in the preceding table. 4-27 Acme Glove Works, : previous The list does not include divi¬ paid. this 6-21 4-22 ,.;/ Steel Laboratories, Aluminum k 4-22 6-15 J$3.25 AaA-..;aA~_AaA'aaiquar.1 aaaaAi (quar.) fquar.) iquar.)' aaa-AAA a A A,A A 5-14 1 6-15 6-30 6-15 50c. 9-30 12-31 ' 9-15 50c _aa_- : 4-30 6-12 7- 50c iquar.>__ common 5-17 75c 15c Inc. Manufactures, Common 4-22 • Co. Common 5-31- " 1 ; GtAv- preferred (accum.) Acme Allied X 4-22 4-26 /A 5- 5-10 5- 7A preferred 1 7A 12-15 6-14 5-21. 6- 5- 5-15 6'I 7-15 ■*! ■ . r American * $ 134 —— 4-J4——44- A pfd. A 25 c :■'.13c S3 (s-at—' preferred (N. 5-14 • 4-30- ; I s ,v , 5- 5-20 5-12 • 4tv non-cum. 1st •50c 5-11 6?v 6'v preferred series C preferred series D , St. Joseph Water, G'j 5-20 5- 6-1 Properties 4 9- 3 12-3 " 5-29 5-15 4-23 6-15 5-29, 30c (s-ai 6-21 50c (quar.i 5- 3 4-19 75c Ltd. 7- 6 6-19 $2.25 Co., 7- 6 6-19 (Interim)____ *4c _ class • 6-25 9-25 6- 50c (s-a)_ Oil 9-15 12-15 $144 (quar.) Aa_A-A A____L B___—;A 5-15 30c 10- 6- 1 1 3-31 15c 5-15 4-17 10c 5-15 1 ,• Corp. 5-15 4-17 Power, .common.-25c 6-16 5-31 6-16 5-31 30c 5- 4-29 70c 5-10 $1 '/2 1 (s-a)ALA _A_A: " Extra •/ Arkansas-Missouri 6'r preferred 1 Asbestos Mfg., $1.40 Atchison : 6-15-. (s-a)_i.J^_A_lAi___j._TA__ Natural Gas, Arkansas 5-18 6-1 :/ e- Topeka Coast Atlantic Line pfd. 6'v conv. Sante & pfd. Fe $ltii (accum.)_a (accum.)__._ Ry RR.-—- ; • • 5- 1 4-30 A . . 5 , ' ' 6$ S1A i 1. 5-15 A ,y,-5'yr • ■ 5-5 5-13 Autocar 6-10 ' 5-20 * 68-Ac ' $1V4 (quar.)_4_—:.—— $1 Va. *.,6-; 1 S1 Va r v Automatic : 5- 4 4-27 Avondale ,6- 1 5-11; . Louis. Bank of Bank of Bankers ' • ™ $3 $3 '* . M-30 4-20 4-30 4-20 _ Montreal Toronto & Class A ; (quar.)_ (quar.AAA Power & 6- $3 , t$2>/2 $1 7 ' 3 4-23 : 5-1 '5- 5-15 5- 5-17 4-30. 6- 7c f$lVa a__A____. 1" 5- 50c A (quar.)______ 4-23': 2 1 5-15 tic 50c (monthly). Shippers Insurance 11- $2'/2 , (participating) Corp. (resumed)______ 8- 62'/2q Products Mills, common Bathurst ^ common $3 preferred 5-13 $ 1 Va iquar. )_„ 5-13 Co.. 5-10 62V3c $2.50 r6-;i j".; Sl'A __A-Ai-s.-i. <s»a)AA__:. $2>/a 5-15 50c ■ preferred :■* 6-1 4-20 '•/ (quar.)—IA4 non-cumulative Atlantic Rayon Corp., $2.50 prior pref' iquar;) prior preference (quar.i___________ Aunor Gold Mmes, Ltd. (quar.) A'AA__A__ Authur Realty Corp. (liquidating) ____A Z/i'sA'i $1 : (quar.»„^ pfd. Co. G-15 - (irregular)A;.-A common preferred Arga Oil 5-12 ; 37 V2c (quar.>4 Refrigerating & Cold Storage-. Common ————A;.. — A-' 6'it, preferred (s-a)—A—— Co., $4.50 ... 5-12 A. 10c $4.12 Va . pfd. A (quar.)44'_ 5'r pfd. E (quarJ Co._— Stove 5-14 5-28 . 1 5-28 (. 25c - ' ; American Razor ,10-' 1 $1.75 ___A__.^„_ (accum.)., . — A-A A-'A Co.— Foundries Anglo-Canadian 5-20- 6- ' '■-> . , preferred Safety APW 6-1 (Mobile) AA,_____ Service Steel i 6-1 ' Public American ' •"4-24- 5-15 7{,i (quar.) AmGskeag 5-20 6-v, Tv, 6-1 preferred American 7',: r.v; . (quar.) AA._a_A-—-A-Aa-'".' National Bank & Tr. Co. American 6 A 5-31" $lJ/a (quar.) ; 1 iA , ' (quar,-)-4 A A——- ' preferred 5-14 7- American commonALA„A4L iquar.) _a-___ aaA preferred preferred 7"io 5-15 5- -t-:: . 10c ; $l?4 • • <accum. •' 5-14 1 5-25? 5-20 $15c . • - A " 5-18 25c 1 J.) 5-14 1 6- Quarterly _„_a:A___„-A___:A__-_^A ' ' 50c A Quarterly —a^l----50c American Paper Goods Co., 7% pfd. (quar.) $1.75 T/o ;preferred (quar.)___ $1.75 A- 6-21'A,• 5-25- $1 V4 - 4 (quar.i Water 1 6- Corp., v -v \,:4-22, 5-t 1 50c (accum.)— .-.,44. pfd. 6- 75c 4-20 A ' 6-21 Sl.'/V. A 6;• - Power, SVaV 50c 02»/aC General preferred 5-' -1 ••50 c , _ 4444 pfd. ,a (quar.)A_-A_a_A_a_A $2 $2M> » :. $1 taccum.)--4ii,^_; Meter Co. class A 5 $3 ' ,j20c . — 8 5-20 ■ 5-25 8-25,5 11-25 5- 5-21 1 1 5-23/ 5-20 A 6- $ 1 Va -v' 12- 6- 1 5-31 a9-v 1 $144 5-15 4-22®. 5-15 1 V, 6-15 •v' ^ I ; 1 6-30 A \ 6- 6-15 6-10 6- 5-15 9-15, lbc ; A 6- V 15c 22 V2C ; (quar.)_;, preferred American ; . ,5-28 6-15 12-15 25c 4-30 J.-'- $1*4 50c (quar,). $144 (quar.)^>wA_____A>-iA.A $144 A 12-31 $1(4 '4-26 pfd. (quar.) " 75c a- A 9-30 $144 (accum.iAAA 7.A pfd. 6-30 $144 A •"•(quar.)A-.-. a_i___ American Express Co., 5% preferred (quar.) American Fork & Hoe AAAa A-a A~-„; 5-22 1 5- preferred 7 %■ . ' A 20C. A; 5-10 ,A I5c preferred (quar.) Envelope Co;, 7% 7 4-27 LA 6-10 $2 V2 • (s-^au convertible American Can Co. ...'"5-14 A $1 $i3;t 7','r A; 8- 2 .$1V4-"-. aAaA—aAAaa (quar.i preferred <quar.lA-AAAAi;:. •' preferred 1 quar. )•__ AA A AA A'A A A' Amalgamated Leather Cos. Inc.—• -• 5-20 ■ 6-. 1 '.X (quaf.)A Co. (quarv)4 A A Republic Petroleum. Stz'v St. 5-21" 5- 1 1' 50c .; Rochester Gas & Electric, 9-20 Connell Dredge & Dock— Quarterly 1 $1 3'4 L _AA' — (quar.) 5 VA* Electric Princeton 6-19 / 6-30 9-30 5-18 5-15." •' -vSl -A 6-10 > . Postage Steel, Company, Reading Company— 5-12 1 6- $1.25 •; Y.)'„A—— A4—! (N. Co. . (Chicago) — — 50c Wilkes-Barre Lace Mfg.' Co—LAAAAAy.ALl; Wllliamsport Water, $6 preferred (quar.»_— , 4 5-11 5-15 & Potomac 5-10 6- common—_ 5-15 Youngstown Sheet & Tube, ' *1. *..£ Reel & Grinding Sagamore Mfg. Quarterly Quarterly Fit.z Simons & 5-11 1 6- 40c Consol Pitney-Bovves 4-23 5-25 25c 5-10 (quar.)AAA'-^AAiA—A^' Coal & Whitman Will , 5-17 1 6- $3 V2 1 4-15 ' 4-26 25c 4-30 5- ;• 4-30 $1%" .'•:•*• • —^ Mfg._—__4— Pillsbury Flour Mills 6-30 75c (quar.).: Society & preferred Insurance Phillips Petroleum ' 6-10 5-31 r 5-26 4-26 ? ». 37 4-30 7- $13'4 Co. 5-15 4-16, 1 (quar.) First State 6- .4 7-30 (quar.)——i.—— & Fire Peninsular 6-19 5-25 preferred 7'v 5-15 ;A'7---i - 25c - Dredging. .A4—44——_.4_. WheeL—— A-— Pennsylvania State Water, $7 pfdAfquaisiA" Peoples Water & Gas, $6 pfd. (quar.) 5-8 $30c preferred —,— -41 Gold 6'v Morse Marine Paper, $5 Pacific Rig 7'v Mfg. Co — Employers Reinsurance Corp. (quar.) Fair (The), 7'v preferred (accUm.)— _- (quar.)A_j_A_AAA4AA-. preferred Pato 1 25c A:"t'A4c;«'A-V (quar.)_A_—_A Parkersburg 4-26 * ■ 5-25A 3c. Package Machinery Co.; ; 6- A 15 c A (quar.)—-__4_;_ 5-21 25c 6- 5-15 Manufacturing Whiting 5-10 - 6-1 Ay 5-14 A 4C preferred 6'< 4-15, $lVa 75c preferred -4quar.)LA Westvaco 4-27 " $l,J-« .-A 6- 1>. 25c :A 5-10v 1 v — Insurance Life Co., Oxford Water— Eaton } iquar.f-—_A. preferred 4-20 $1 Va Fairbanks 6(v Co.„._4—„__44-4_4.4 Outboard 1 140 c (quar.) Ltd (quar.) — Doyle Machine & Tool Corp. (quar.) _______ Durham Hosiery Mills, 6V pfd. A (quar.) — Dominion State F.), 5-31 6- (quar.) AAA 10c Wesson Oil & Snowdrift. $4 ■' 5-25 4-26 50C Co.—— V2c 25c common Ltd. Oil 6',; 5-15 7-1 9 ,;6-T : 37V2C ,1— _4 Service, 7'v 6- $1 5-15 $9 5-15 6-15 , A*; st (quar.)-—-4——A.AAA-" 5-7 35c — (s-ai 1 ,_4.— Westinghouse Electric 5-15 1,- 1 6- 20c 4-J26 -r 1 5-29 • Dry Dock— A—L—A-L (quar.) 6-23 1 1 6- 6- 1 • $81V4C (extra)—' Consolidated Orange County Telephone, 6',( Otis Elevator, common /•' 4 -15 2 : ;23c • : iquar.i quar.i A Life Insurance Public (Charles Ohio 6- 7- 4' f,fv;v$2 (accum.)-.*—I — Ry. Oil Pharmacai Ohio 6-15' 6- v 25c - : & preferred 6-15 62 '/2c Dome , 6-30 t$2Va preferred (s-a» Dickerson Western preferred Noyes 6-30 1 - v — American 6',"c 4-30 75C - 34anC A- , (quar.) Mills Norwich 5-21 5-10 $11'2 • 1 6- 27xhc avA a A : -r'si •'•A 5-14 4-4—4——.I'L pfd. 4c (quar.)— ' 5-15 A 4-22 50c , ■•'•A 6- 'i" . (irregular) •——-4444—4——..A Northwestern 8 6-10 - iquar.) 10c (accum.) 5-15 6- 6-15 25c (quar,)AAA'/" 1 5-15 6-15 25c Washington Railway & Electric, common—; Participating units beneficial ownership— Wellman Engineering ——A L—.„— 5-21 / 5-15 v50c ——- iextra 1 -I— Norfolk. & 5-10 6- $1 Co...————il4——4 Northwestern'Nat'l Securities & Cup 1 6-30 (increased 40c , & 6* 62 V2C Vogt 6- 6- 1 (liquidating) A—AiAA 5 7/10c (Phila.)' (reduced s-a>A':. 30c Consolidated 1st Virginia 4-20 , . 6-15 6- , Insurance Co. Raalte 7'ft ' Okonite — 6-1! 5-25 $144 ^ Vanadium-Alloys Steel 4-20 1 5-10 5-25 6-15 $1(4 — 1 35c iquar.i 6- 6-15 ' Shipbuilding $5 non-cumulative — Capital Corp.. class A (irreg.t Crew's Nest Pass Coal (interim) .5'., 50c $iy4 1 5- :$2 v2' j;-5- (irreg.)„ pfd. (extra) 6Vaf/t Zinc preferred North 5-15 -- • 5- 5-11'.: ■ !••'■* 4-24 4-30 5-11 6-1 ' 15c Paper Factories— Norman A'5-'3A'A'Van 6~: i- v; Van 3 10c 'A——AAAAAAAA^A—A—— A ' Wall 5- 5-10" 4-24 ' Power Corp., Irregular 4-28 ;k 5- 7 ' $14) (quar.)—_ com. Foundry, prior preferred Universal 5-15 .AA'Universal A 5-A A ■ pfd. (quai'.)___ .'— (initiali-_ Cos. 5-3 5-15 5-28 10c ; — Utilities Corp., Steel 5-11 5-10 ; S13 B ,6-: 1 A (quar.)-„__- shares 5 5- 5-15 40c (quar.)A pfd. (quar.i preferred Extra York & Queens Electric Light & Power- Nonquitt 5-10 $4c 7'v 6'v 4-29 25c (quar.) *»1. News Common Ltd.-~- Crown Deere 1 (quar.)-— Consolidated $5 New 5-11 6- $1.06 v» Corp., Bros! Common 5-11 $1 (Indianapolis) Consolidated Curtis 1 1 25c (final) Steel United . Series— Britain Gas Light Jersey 4 6- $1.061/4 — S. United v V 61 SI_ / 6- 1 Corp.,-com. series Hayen Clock. 5 5- 6- •' (quar.) Power Co. (quar.)——— Biscuit 5»• stock New 5-10 $l»/2 — —— (quar.) U. 5-131 x. 5-15 $1 Va ... New 1 $l'/4 (quar. 1. 5-7 • ' 4-23 5-10 15c preferred Consolidated New ' .<• benef. International series 4-30 5*25 ___ 5-28 $144 ——. (s-a)—' conv. Plywood Corp.. $1.50 9 15c iquar.i priced'common stock series Newport 4-30 — Loan 4- 5-15 irregular)____— Investment Trust- Commonwealth Debenture 5-14 $1 pfd. (quar.) Quarterly Connecticut 1 < convertible preferred Commonwealth international 5','ri 6- 4-15 25c. S. 9 25c 4— $4.50 Protective Neisner $1 Va 7'/2c '• Corp., $7 Electric 5- 5-25 50c - U. ; 6-10 6-1 25C ' >■:- S. 5- 25c - U. ;• 5-13 • 5-14 183qc _J Securities Low 5-10 (quar.) Bookbinding Si1/* • 1 15c Public 1 25c (irregular)4—444—_4—.L'i*. National 3 87 VaC 6'v ipfd. Water. Regular stock (quar.) . — 'Special guaranteed (qUar.) — Colgate-Palmolive-Peet, $4V4 pfd. Commercial 6- — $2 class A——, City Water of Chattanooga, 5',< Cleveland & Pittsburgh RR.— Columbia 5- $1V4 preferred C-l 25c ;»•: x 1 6- (irregular>4 pfd. 1 A$2i;v; preferred Engineering & AA U. S. Loan Society AA Extra 3 ■5-15 $ 13 4 ,• Common 5-3 1 •———— (quar.)<1L Newcastle 1 6- r Mills Preferred 6- Corp.—A.AAA Dock Electric Mfg., Co. of Wvi (quar.)—— ; 5-255-18 iquar.) preferred Chemicals. $3 Wentworth Mfg. Utiltles, National 4-15,. +50c — _—. —— Chilton City 1 A Service— Wet & Co Belt pfd. conv. (quar.) Wharf Central Chain 6-19 ■" 5- 30c ■'< iquar.i—4_—— National Linen Service Trust— WireA----— & 7-15 1 $10c ■: —- Investment (accum.)———-—: preferred 5% 6-19 $10c ——i-;'. • Canadian 5-26 $$134 tlOc . 6-15 Corp.— $3 preferred (accum.)—aaaa——.AA A 75c $2.75 preferred (accum.) —_ilA-A„A^ 6844c • 3 *7---2 $1 V». 41. 8'« Fund National Gypsum, Alcohol Co., Ltd.— Industrial (interim) Canadian 6- 9 7-26 — preferred Canadian 6-15 6- 15c + (quar.I common 55- 5-25 V 25c - 3 1 6- 50c ■■ . Chattanooga & St. Louis Ry. (irreg.) Acme Co ;_„4— National 4-26 15c 110c (interim) a__AA iquar.A Ale Power, Northern Canada 5-1*5 25c — Gas '' 5-10 5-20 A'" 5-10 25c-; — Co; Works, Income Nashville 5-1 87 V2c Ltd. Crushed Stone, Canada Canada-Dry 5-18 1 ; Insurance— (quar.) preferred 7v 6- 62v2c preferred-(accum.)$2.75 United Gas Improvement, common.aa-v10c $5 preferred (quar.i——A——A——AAA $1(4 1 6-1 6V* 17 l'2c ^Society, 5V2'/r pfd. (quar.i.: Corp. fquar.)4j——— 44—4— Water Mutual $1.7792 - Title 5-25 IOC - Finance Nashawena thereon > 7'v 5-15 :; __—-4^-4: Insurance Monsanto Chemical Co. the Pacific 5- 5- (quar.)—4—i' — 4-22 ' $14.) pfd. Assn. Products, convertible AA United ' Nanaitno-Duncan ing 5-15 $$i%' A ' 4-30 ' (quar.i Corp.. 5'.f Aircraft \.: United 5 5-31 common——_ Spinning Monroe Loan Motor Co., 7A preferred (represent¬ quarterly dividend of $1.75 "and '•; interest 6- 5-15 ; Carpet Mills.—c—_4-—J——=1'_ (A. M.) California 7% common Extra 4-26 C 10c (quar.i4— Byers ■ 4-20 5- 15c $1 v4 (quar.) Life preferred Water (quar.) United 4-20 : $30c (accumulated)44— Utilities, 5'/v 7 20c * .'Ay Sl34 A Butler Co., 5-13 0-5 . „..j_'4— v 5-14 6- 1 6- A 50c pfd. (qnar.) conv. 5-15 15c . 6-15 25c United Aircraft Chapman & Scott— Midland 5-19 5- '; —— Troy & 5-21 A 4-22 4-,-44;444„:^-4. .■A.-.V Metropolitan Storage Warehouse 5-15 1 5-14 6-10 common—_4—_4L.4444L B Co., 1 6-10 (quar.) —4.—4—•„ <quar.t G-; I Oil- —A A—. RR. (quar.i__ —44..'. iquar.)' preferred Merritt ,,4-24 1 6- U0C (quar.i__._—— Ti. 1 6- 5-28 Line —————— ————: Sullivan Mining & Concen- .. Co. trating 5- S144 Brooklyn Edison Co. (quar.)_____— Bruck Silk Mills, Ltd. (interim)— Buckeye 1 4-24 30c Inc. Brager-Eisenberg, 5- 50c — (interim) Co. 1 1 Corporation; $5.50 4 6- 5- 6844C ; 6- Co. Associated 6-10 ' preferred $6 preferred A 5-10 1 5-15 75c -——-;' tquar.) 1 6-15 , Mead 5-22 6- 144 $1V2 pfd. iquar.)_ Roofing Greenbush —————4..4————— 4 Shirt Water Works, Water Tilo 6- $1.50 ,v ; (quar.) 5-15 6- (quar.A.-. preferred v (quar.)_-.;__— — Manhattan 5-22 " Terre Haute United G.t, common 5-31 $2 -14 40c (accum.) a. — convertible $114A "5-1 1 MahufacturesiTrading, 75c Mayfair Investment (Cal.) Extra ;.._4 4-30 1 7- $Il/a common— preferred Birmingham Water Works, 6 v Bonwit 5-10 50c : (resumed) $1.40 "L"; common non-cum. Inc. United 4——4—— (quai\) (R. Co., Extra $5 5-31 7- 5-20 30c (accum.)— & Sons -15': 5-21( ' A—— 5-10 4-4^— — A.) (John MacMillan 5-15 4 6- t$l 5-10 1 20C Bryant,!Inc.4.4r---— ' Co,,;:common..———----44 (quar. A 1 22 11-16c Lexington Water. !'"• preferred (quar.)——_ Mackintosh-Hemphill Co. „44 —1 -4_44^_ 5-15 $$144 • ' (quar. Bethlehem Steel Corp., 4 & A 6- .V/i pesos y, (quar.) -14 5-31 50c a 6- (quar,)„ $4.50 convertible preferred 8 37 V2C _ (quar.i_— 6- Tampax, 5(•>'.b ; -20 5-25 $1 f ' $1.50 ' Woods Lansing Co. 5-15 5- Preferred Tide —..4— Wines the LeTourneau 5-15 1 1 15c : (quar.) (quar. 1 66- 6-1 (quar.):._(.4 .A-SI1* 4— -20 5-1 5-25 $lVa " A $1 (special") J„4—I. • preferred preferred <quar.)a_; Electric Tampa Co., Inc.— R.t Extra —444— 5-14 5-25 5c . 62 VaC Champagne (irreg.) Milling, comnmn——4..— of Lang 5-14 15c (G. Salle Lane 5-14 1 "• Sl Va > 75c Machine prior preferred 7 5-21 25c common...— Belding-Corticelli, Ltd..'common (quar.) T> preferred (quar.)_______u__Z_A_A_A Berkshire Fine Spinning Associates, com.—. $5 1 6- 75c , (irregular) Co. 6- 15c 1 6-15 $134 ,—— (quar.)..— H.) Mills. Beaunit (quar.)_ • 6- preferred 1 $l'/2 Die, Co.—AAAaaAAA & $1 <finali_ Lamson & Sl'/^ (quar.) 5- 1' ' (quar.) iquar.i 1 6- 6-15 SI $1V2 (quar.) _________—4 Co Radio Baltimore Baiber 6A 1st pfd. Dry Goods, 2nd Atlantic $5 5-10 convertible 4'y Water Light & Power— ,7 Wells, Taylor & Fenti preferred (quar.)_4 Key Company (irregular) 5-10 1 Superior Co.— La 6- 5-17 Silver Co— Lake 25c Tool 5-n Kysor Heating Co. 1 Superior 1 25c 5-15 50c A- ; Sun 1 shares p..- Struthers Co. 50c (irregular)aAaA7 5-14 6- of Phila. 3 5-14 5-11 Corp. 5- 6-19 1 Machines 1 5-14 1 6- Business 5- 1 5-12 Co. 8 Cap & Seal, conv.-pfd. (quar.)—„_ Stonega Coal & Coke Co.— A—4A..— .A A. Stouffer Corp., class B f 5-11 Power 5- 1 1 tquar.) 5- 62VL>c 6- 1 pfd. 8 Standard Oil 4-30 IA 5- commonA^-A-AiiA--. (quar.) 5-13 6- 6- —_4————_ — Y.i, 5 'v Mills 4-30 1 5-15 6- 25c AA Works 5-10 75c $l'/4 7- Power $1 .25c (quar.)— 4AAAAAA4AA- Lathe 5-10 (quar.rAA common (quar. 1 Co., 5-20' 6-10 A—AlA-' (quar.) 50c • A?.'"; $ 1 Va.' (quar.) (N. Bend A-.' Spartan 6-19 6- Steel Pulp 6-14 :- cominon.„.„„ AAA preferred South . 1 ' 1 7-20* 50c AAAA44. 13%c , ; Special -44-4Liii_4^^4—— Kansas City Stock Yards (Me.) — 5-10 Cork Co., common (interim) preferred (quar. Armstrong Associated ——— 7- 6'f 6-12 ,?■ 6- 6- Koehring Co. 6- Z (quar.),-4./A'L: y 25c. — 1 6-15 50c ; . 1 75c Agricultural Chemical, common A A-.Apreferred (quar.)_aaa^ la.a. Soundview X 6-12' 1 7- 1— 5'« >Av; 75c ...—- 7- , l v•'» 7-20° 8- Casting—A.;;_ J ALA—- A-.•' Steel Smith 1 6- Jones 5-31 75c 30c i—4:—— 8- (quar.)-.:;.AA„. Strapping, preferred ■ 7 12'/2C 1s-a) (quar.)——; common 5- 30c 4 5- . 25c Bearer 5-25 1 5-29 50c $$1W iquar.i i " 5 6- 6-30 6- $ 13 4 — A 5- 7 A': 3 ;$1A Kinney —--A;; — (quar.) (quar.i & Light Investment 5-21 5- . Steel Sivyer Italo-Argentine Electric Co.-- 6-15 1 5- preferred $2.50 0-15 5-24 15c (quar,)_— International A 5-21 5-15 6-30 5-15 5-24 pfd. .! International Sanitary — t quar.) 6- $1V2 30c Standard & 7- l' 6-1 25c common (bi-monthly) Radiator American 7 Ltd., Co., 5 —4 Inland 5-21 3c L__A preferred (quar.—-____L_aA American 6-1 5-21 (quar.)4 6-15 , 5'/« convertible preferred. (accum.) Indianapolis Public Welfare Loan Assn.—: ^ Quarterly j Ingersoll-Rand Co. j—— • 6-15 American Home Products Corp.; (monthly! American Investment Co. of Illinois, com.—. . 7 6-15 , 6-30 5 (r Signode 5-28" $1 AA-. Co. Inc. 69. common^ & Hardart Illinois-Iowa 90c ______ pfd. 6'<f 1 $1.05 (accum.) ___— Co, L 6-15 25c i'.y- — 5- (monthly.)——— Huntihgton Water, 6'« preferred (quar.)—_ 7c?c.. preferred tquar,) i->—__ 5-15 $1"2 preferred Corp., Houston 6-17 3 S2 5-. 5 ■5-15 $3 (Del.), common Brothers Stores Horn 6-30 1 (Initial) . .. Co & (quar.)— Sherwin-Williams Co., "4 5-. 5. XA ._ 5-15 Lace Holder* of Rec. 6-12 $1.12 Bldg. (Los- Aug.)— ■.•participating preferred (accum.)A4 §7 Servel, '5-14 35c (quar.)—;— "(interim) preferred pfeferred Hale Louis )-r— Power, $6 pfd. (accum.) Hide 7-20 7- 25c Furniture American 5-26 6- ______ preferred American (St. 6-15 6-25 .. Automatic 1 •'.25c •—__—-A-:' (quar.) A preferred 6'0 6-15 15c _ American 5 V2 r< 5-15 < «: pAAA—A—AAA4 !' (.quar.)^—4—4_4_AaAA A'. ' conv, Hajoca 1 7- $1.25 Portland Cement Co.A. a-A—A Aluminium. Ltd., common (quar.i__aAA_._ ,; < 6- 4-30 50c • Alpha 1 25c ". facctim.t Greyhound Corp. 5-10 v . — v 5-14 v- 45c Security Title 4-12 ,w 1 5-25 •y, common Gorham Mfg. Co.—__-.. 12-18 12-29 (quar.) preferred ' (quar.)A 9-21 . 6- . Advertising— class 6-2 U 1 7- Corp., Co.» 'common 4'/2 '/f 3-22 . pfd. Steel Glidden 15c ________ ... Va $2Va common_,_____--.-r-.-- (quar.) 10- 87V2c ' Preferred , 4-23 7- .1 . $1 Wares, Ltd., 7',« Participating ' 1-— 5-15 4- 1 ... $ 1 Vst • _ (quar.) ; $ 1V2 (quar. Inc. 5-29 . 50c When Payable (quar.) 4aAA__« (quar.) Roebuck Sears . 4-12 4-15 • ,30C,_, f; 4-15 (quar.) preferred Brewing General 4-30 J. ————_ - Per thare ■ Company common preferred Scranton 5-29 10c >; V Acceptance Corp.-, partic. 5c .*• y; w 5-29 - preferred $4.50 Monday, May 3, 1943 ■ Name of . Paper Co., $4 -v- 5-14 6.-19 A,., Scott ,5-14 6-19 — convertible $4 of Rec. 5-15 common——„-j__ ; . General Outdoor Holders 4-30 5'v (s-a)A (quar.)— preferred (quar.) ~y.— Steel Corp.. preferred (interim) _A_ Gas. 7'ft pfd. (quar.) Laboratories. Inc. (irregular) Mills, A 25c 27c Algoma Allied When Payable .. _AiA- Allentown-Bethlehem Allied Inc., series:preference General The dividends announced this week are: $2 5c — - 1 $25o Dairies, Co.' Gabriel week when thare iquar.i 6- vA'j.,' •■■v. ,'■! Vr 3-15 .6 - -1 , $IA. Canada, class A 7convertible Name of Company (quar.) (quar.) t of Rec, 6-15 $25c (quar.) Foremost declared. Acme of preferred A 6';. preferred (quar.)— Freeport Sulphur (quar.)—.— which have not yet been paid. Further details and rec¬ ord of past dividend payments in many cases are given under the company name in our "General Corporation and Power, 7'I thare h Payable (initial)——— Ltd. 7preferred in second table a Name of Company Aircraft, Fleet A a 5-15 1 1 6. 1 4-30 6- 1 5-15 , 5-11 5- 6- 4-30 , , 3 Paper Co., Ltd.— (quar.)__: A }'25c 1 ' • Volume "■"•-v. "."'iName of Company Barnsdall ;;OiL Co. Bohack (H. Boston iquar.) Bank (Bklyn.i 5- $5 5- 5-15 4-24 Iquar.) C.), • $1 5-15 4-30 iquar,)__j__-_-_>68%c $23/.f preferred 5-15 5- preferred (quar.) • & t75c' 6-1S (Vancouyerjr (.UlteriiHtX .'--itSOc' DistiUer? 5-.2Q & (interim! Power -v \ 1 .-.Extra: ; Broulan ^„-\i_i Porcupine Mines,-,Ltd. Buchanan Realty Corp; Buck Creek Oil Co. Brothers, Eunte 5'/" preferred 5.convertible preferred ; (Stock dividend mon ;• < and on of Hat stock for ; each share - / A • _ - _ heldi shares ■ preferred 2nd - Jackson Byron Red. for California 5 %. (quar.)™L:__- Bakeries,' 5'/« partic. pfd. Canadian Breweries, Ltd.— $l.l/a /First National.Bank Fort; Pitt 5-15y; 4-30 4; .4 Fuller Brush Co, 37Vac/ f ■ 37V2c t$lV4 4-30 4-30 6- / Gosnold 4 ; 4-30' 6- 1 4-15 5-15 4-30 5-10 4-304 50c 475c 5-31 5-15 5-15 iquar/}12V2c (quar.)L-.,_.__---li.l^__— $1.25 5- 4 4-20 5-4 4.4-20 Canadian Marconi Canadian Oil (interim)--,/ Mines ',. ?2c -i'-4c <quai\)._5i:_v.L'_V-'--' ;/:/ t25c Co™_y:_.^---_™™-™/' Co.'s. Ltd. & Co. • (quar.Jri-i.pi—" Caterpillar Tractor Co. (quar.)™/™™™ Cedar Rapids Mfg. & Power (quar. 25c , , : ; - 5'r Corp., common preferred Central South & Utilities West Co.— •'Power prior lien preferred (accum.)-™- prior lien preferred (accum.).™--—- $1.80 Centrifugal Pipe Corp. <resumed pfd. (quar.)______ v \{' , .SIV2 convertible preferred .(quar.) preferred ., Havana 5-29 6. 5-5 4-26 45-20 preferred Hercules ;- r pfd, 6-15 Chesapeake Corp. of Vai' ^15c 5-15 5- 54 Hires (Charles'E.i 7-15 6-164 Home Oil 9-15 Cotton Oil Co. (quar.)..l__ Quarterly Chicago Chile Yellow Cab Co., Inc. & Texas 5% preferred preferred preferred (quar.) Co., Ltd., 5- 1 1 Iron & 25c • — Columbia Gas & Electric,-6'I pfd. A (quar..).:, SIVa (quar.4i-_r_:;iuJ(2—-$1'4 «quar.) _l._I-^'j;'$1','4, 5'>' cum;- preference - Cum. preferred 6- 1 6-15 >-:V}w?X Corp.— 6% - - Co, 9-21 1-3-44 12-24 $1.62 >/2 50c 5-15 5- 5 50c 5-15 5- 5 7- 1 6-15 ?.3C 5-20 4-20 $1 Va 5-15 5- 5 8-14 8- 5 11-15 11- 5 $3 $ll/a SIVa (quar.)_____^._____ 25C SI Va 6- 1 5-15 87''aC 5- 5 4-27 75c 6- 2 5-15 25c 6- 1 5*17 433vC 6- 1 433/4c 9- 1 433/4C 12- 1 t55 Vac (quar,) 6- 1 _ " (quar.i (initial—s-a)~_ 4-20 37 ',/c 5-15 4-30: 7- 6-15 62«,ac (quar.) 5-15 5- 1 6- 5 6- 1 Calif.— of (quar.) 6% preferred (quar.) 5-15 6- —_ 5-14 1 / Stores, common preferred (quar. 7/4 5-15 5- 5 Merchants- National 90c 5-15 5- 5 5-15 4-30 6- 5- -+10c 1 6- 25c 1 6- $1.50 1 //. 50c - 4 C-15 4 5-15 Midwest Oil, 5- 75c 5-15 5-15 1 40c 6- 5- 1 50C (quar.) G- 7-.1 $2 7- 1 611 7- 1 6-11 5-15 Minneapolis Brewing-Co. (irregular)____. Minneapolis-Moline Power Implement Co.— 10c 5-10 4-30 $1.(32 Va 5-15 5- 5 $1.75 5-15 5- 1 4 . $6.50 convertible 5-28 5-18 6-25 6-15 15c 7-30 7-20 preferred Consolidated (quar.) Chemical Co, Monsanto $4.50 preferred B $4 • (accum.)___ Water preferred C : pfd. $4.50 A 5-15 Montreal Cottons, 5-10 7/4 preferred (quar.) Moody's Investors Service, Inc.— $3 partic. preferred (quar.)__„/.4________ "Moore (Wm. R,i Dry Goods, (quar. 6- 1 5-14 1 5-14 5- 5 4-20 6- 1 5-17 (quar.)_™4____ common Quarterly SIVi 1 5-10 1 5-10 S2 6-15 6- 666- 1 5-10 6-15 5-31 • i6-15 5-31 • "• (s-a) 6-15 45c t$1 : l$l34 ; '•>>"•;/ ■; •/'; Quarterly '•4-20 7> ■ 5-15 5- 1 7- 1 7- 1 SI Va 10- 1 10- 1 Quarterly _/_™___™____v_.,-.'. $1 Va 1-3-44 * 1-3-44 ' $2 -- - Morris (quar.i._ 68.%C 6-30 6-21 5-15 5- 5 Mt. 75c 5-15 5- 5 Plan Motor 25c „ 6-30 $l3/4 (quar.)._ preferred 4quar.V_/4.4../ , 75c $l'/i Quarterly Co.; common (quar.) preferred .tquar.).4__4J;_u__ Huttig Sash & Door,*47/i'preferred 4-20 ' $2.25 _ 7- 834c ! 2 $2.25 (s-a) (s-a)__ $50c / 5-15a Co.-— preferred 1 pfd. « (i- Monmouth 15c * 6-11 6-12 4 15c ' 5 50c (quar.) (reduced). common J15c Peanut 1 6-15 $7 1 6-20 5- 6-12 50c 4-24 6-1 R 5-15 10c (irregular) common 7- 25c v'-..-:.;4c 5-10 30c $3 (s-a)__ (s-a)_i:____._ G-15 4-24 $1 813.-,c 44 1 1 37 VaC 4-21 4 • 4-30 '44 8 "o preferred (s-a) /. Miller & Hart, $1 prior preferred™™,™ 4-23 5-15 (monthly)... 9- 6- 5-15 .;. (quar.) $2 non-cum. preferred i2c ._ 5 6-15 8/4 preferred 6 Sl'i (quar.i____ (Chicago) Products Midland Steel Products, 5-11 7- Bank Food Mid-Continent Petroleum 5-18 7-20 $1.50 7 5-28 6-15 20c Mickelberry's 9- $1 (irregular)_™ Messenger. Corp. 25c •- 30c $P/4 Mercantile 1 Tomt 1 15c 25C Corp. 1' 7 1 1 5-10 1 5- convertible 5- $4c 0- 5- $3 5-15 9- • Hu.ssmann-Ligonier Co, 5V24 6-10 5 5- Huston 6-10 9- $1% (quar.i 1 6-5 :'■-/;;/ * preferred 7- 30C 5-28 . # ■ 25c 5-15-/4 $1 Products Oil 9- 1 8-26 12- 1 11-25 50c 5-26 : , 5-15 5- 6- 3 5-15 15c 6-15 5-20 25c G-15 50c 6- 1 SI Va 6- 1 $1 v2 Corp 6-28 6-17 5 Mining & Development Co.—i Fuel ' lc : Supply (irregular) Corp. (reduced s-a 1 ____ Muskegon Motor Specialties,$2 class A iquar.) Muskogee Co,-6/4 . preferred tquar.) 4-22%: 1 $1 (quar.) 6- $1 Mountain Producers 12-20: Society . Diablo Mountain , 9^20 12-30 $l3/4 ; Industrial Quarterly 6-21 9-30 $1% preferred '"(quar";) Illinois-Zinc .Co/ (irregular) 4-20,4 •,' 4 7 f'i>- 5-15 5-15 5-15 - • Mutual 7- 8 / 4-16 Consolidated Chemical Industries— ?- -•.' ^ . Jantzen Knitting Mills, C partic. preferred class A (quar;),-44 37(2c 5- 3 preferred class B (quar.) 3Vfec5- 3 Consolidated Cigar .Corp.— •« .•» \ ,\t * • I ♦ 'V: "7/-r preferred .(quar.) r4 p. $1.75 6-1 $1.50 . •'4- Consolidated Corp.^'iqhar.)^^^----™'";:' 12Vic ■4- ''Paper .'Co.f-(quart)'_-".ri*_i*2'2LLV" ' 25c Consolidated Retail Stores, Inc.. common l12V2C ~6- T 5-15 'Consolidated , • (quar.(.~--_V„r__LJ-"_'l-.__ preferred .8', .. 8 '> preferred Consolidated $2 "*•' $2 (quar.) Aircraft Vultee ,7--l, 10- 1 r Corp.— 6- 1 5-31 5-20 25c Corp. of;America,u'_, 1- 1 7- 1, 6- 1 6- 1 , 6- 1 5-15 (quar.l_ (quar.)____: $1 Va 9-28 (' 9-16 6% 4-30 6- 5-5 preferred (quar.)________v—— $1 Va 12-28 12-16 National 5-10 9- 8-10 4 12- Acme National 6-, Auto 11-10/ . .6/4: : -6"o class Curtis A prior preference Common 7% preferred (quar.) 1% ,• preferred (quar.) . JMfg.'; —-1.-4 $2 Dominion -4 44-,—4.'.'_I------ 4-i.244" Fields (monthly)4_-_ Engineering Works, 6-21 •>-" 5-J5 $ 1 '4 , • • Dominion-Scottish .54 Investments, Ltd.— v : Dow 54 Chemical 8'c common Corporation, preferred Eastern Shore common (irreg.)— 4.,— (quar.) .— Service Co.— . ' preferred (quar,)-44-4.-—_4_r—_4_4—$1.50 '» *$6Vi preferred "(quar;t—.4—44-4-444-444. ,$l,62J/2 Eastern Steel Products, Ltd. (quar.) 4—-- 4 , $25c El Dorado Oil V/orks_4 41—44— —4,41-_ 25c Emnlpyers,Casualty. Co4.<Dallas) (quar.)44-4 30c Quarterly — 30c $6 — 5-20 : , , Class B 4-30 Noranda 5-11 Northwest 7-1 6-17 Norwalk Tire 8- 7-19 2 v "* Nu-Enamel 5- 5.. Ogilvie 11-5 6-15 69- 4 6- 1 $5c 6- 1 i$1.50 4-30 6-11 6Vi,% common Little. Miami Special 4-30 5- 1 5-15 5- I 7-15 6- 3 7/4 5-10 6-1 .6- 1 6- 1 '. 5-14 6- 3 r 9-11 9- 3 12-11 12- 3 , Pacific 5-31 5-21 ' Pacific 8/4 Owens-Illinois 5-15 5- 1 8-16 8- 2 11-15 11- 1 5-19 25 c 6-10 / 4-30 5-25 /$1 (quar.) ™/ 6-15 5-14 5-25 5-10 7- 6-15 87 VaC 7 V2C 30c (quar.l__.v_/-___ $25c iquar.) 1 6-30 6-15 5-15 7- 5- 5 5-28 1 & Glass Pacific 5-14 Pacific Power & Light $1 10- 1 9-14 5-15 5- 6-15 Corp,___.25c 6- 1 6- 1 common 5- 1 5- 1 •:25c 5-15 4-15 f$l34 5-15 4-15 50C 5-15 (quar.)____ :*<r. 37 V2c (quar.i 5- 4-29 5 :/• 5-15 4-15 4-30 343/eC Corp. 4-30 5-15 4-30 5-15 4-20 $1.75 5- 3 4-24 $1.50 5- 3 4-24 75c (quar.) Co, 7/4 5-15 31 V4C pfd. (quar.i. (quar.)™ — 4-19..:.;/ 40c 5-31 7/4 preferred series A (s-a)_________— 5-28 3 4-26 5-15 iquar. preferred 4-30 J$3 (quar.) Lighting Pacolet 4-15 45c preferred 1 75c (s-a) 5c preferred 6- t21.'a% (s-al__„.-__ common Co.__..™__,._™..^ 7-14 25c $$134 Eleetric,'.6/4..pfd. 1 .$6 ' Aviation Gas 2 $3 Va 6-30 6-19 7Z4' preferred series B $3 Va 6-30 6-19 67c 5-10 5- 25c 6- 1 5-15 25c 6- 1 5-15 Mfg.,. (quar.) common 5-24 " > 5-14 5- 4 Paramount 40c 6-1 5- 1 Parker 75c * 6- 5-11 '_ .Extra Co, (s-a) 6/4 Pictures, Pen iquar.)_ - ♦- • __v ; ' 6- 1 5-11, Peerless Woolen Mills, 6V2/4; pfd. 8- 1 7-26 Peninsular common 11- 1 10-25 Common 50c 5- 6-15 $1.40 (quar.), cumulative class A 6-21 - 6- 5 $1.40 cumulative 5-29 5-14 $1.40 cumulative 6-10 5-25 $1.40 cumulative 9-10 8-25 50c 12-10 11-24 $1.10 6-10 5-25 / Penmans 9-10 8-25 11-24 <quar.)__._ 25c 6-1 5-1 25c 25c 6- 1 4-30 6- 1 4-30 Pierce 12'/2c 6- 1 4-30 Pinchin 5-31 5-21 $1 6-30 6-20 preferred., (quar.)/.-..™ $2 (initial)——_____—20c 7- 1 6-22 5-31 5-15 Powell 1 5-17 Pressed ' 1st preferred (quar.>__._ $1.50 6- 6-15 1 9-15 Ltd, class 12-15 50c class A class A (quar. 8-15 8- 5 35c • 5-15 35c (quar.)_____™ 1-1-44 35c <quar.)____; A .(quar.)— 11-15 11- 5 35c 5- 5 2-15-44 2-5-44 _________ 5-15 4-15' $1.27 V3 6- 1 5- 20c 6- 1 5-11 $1V3 (quar.) common preferred Class A .(quar.) Philadelphia Suburban Water, common.-.™. 12-10 _'. 1 10- 5.10/4 $1.10 Lone Star. Gas Co. 5-15 7- 50c $1.62 V2 6- 1 5-11 H5c Pennsylvania Electric Co.—. $1.10 $1 1 50c (s-a)„___• :Coi)imoi) 6;.' 50c 50c Co,-special gtd. (quar.) guaranteed (quar. )4_____ 6- (quar.)^™ (quar.); 7-1 50c 9 ™^.__— Telephone, 6-1 $1% — '. 30c rQuar,). (reduced) pfd. 1st common 30c 75c (Ind.l 1 RR. Lord & Taylor, 6% 5-14 50c (accum.) 7- 15c _■ AA 8- .(quar.) .Common .(monthly)*.- 5-12 1 $1 7/4. pfd. Quebec Ry, $1 Extra on class/A-and-class p —™ Lock Jqint Pipe, common-(monthly)________ 5-10 & 37V2c tquar.). Groceterias.-Inc.: 1 1 6- 50c preferred (quar.)-_--™______™ 50c Loblaw Groceterias Co.; Ltd, class A (quar.) Class B Jquaiv)_*_j__:..';. . class ___: Loblaw 6-15 ' 5- 25c Co. 5/4 Special, guaranteed *!quar.) Original capital*: tquar.)___ Original capital- (quar.).__ Original.--capital * (quar.)__' 5-24 4 7-31 • 6- 50c (quar.)™ ;_ common 5Va/4 prefetred.,(quar.);i-/™;_i;_: Corp. 6- : 50c (quar.) Ontario Steel Products, $50c $2c 7-23 10-20 ' $1V4 tquar.) class A 5/4/ perpetual debenture $50c .... pfd. A (quar.) 6-15 (quar.) 5-12 2 5-15 (quar.j Insurance Flour'Mills, Ontario 4-30 .■ 6-10 8- 10-30 8-16 (quar.)___..™ 7/4 preferred 1 quar.i O'Connor, Moffatt & Co.— 4 12- / 5 9-15 12-15 .' 2c " $10c ™ 2c " : $2 & Rubber, Corp. Occidental 6 • 20c V Bancorporation 4-30, tquar,) 4-30 $1V4 A. (quar.) pfd. Insurance Mines, Ltd. 8- $13/4 '(quar.)^0/___. Link:Belt:Co. * River 5-15 11-15 $50c 6-11 5-11 (quar.)_. 1 4 Lincoln .Nat'l Life Insurance 4-30 North 8-16 $l3/4 . 7-15 5-29 5-15 Railway Co.— 1 ,4-19 1 5-15 25c $1% .//'. 'Quarterly / .™__4__/:'_-™.. 4-30 Western 1 V 30c : preferred 5-25 25c • 5-14 25c _______™_;™__ 7- "~:5-12 . & adi-. 5-10 $l3-4 4 11-10 1 5/4-preferred (s-a)_ Corp, 6- Lionel 5-10 8- 2 ;$4 6- $1V2 1 6- 6-15 (quar) (quar.)™ 50c (irregular) common Products Norfolk 8-10 12- $1 3'4 5/4 ;;:20c 4-16 30c 7-31 $2 4,7- 1 . 15c A Class A 5-10 1 15c (quar.) com. Co.____________________ Co, Hundred Class 4-30 Brake 62V2c -8-12 6- 1; 6-19 5-15 75c 4-20 * Life/ SayeVs/ Cprp!4(q\iar.)4_4'___.__. Liggett;& .Myers Tobacco,'common (quar.)__ • $1-25 —-----—— Public ■ r+$l $10c (quar.)—:. preferred* tquqr.) Duplan - Co., •• 1 5-20 Air (J. J.) 5-12 1 9- hii. 8% Co, tquar.).— 5-15 • preferred (accumulated____—-—4r,. Stores,,Ltd. (interim)4— Dominion 5- York : 25C (quar. 7/4: preferred Meter 25o. iquar.) Lion,-''Match> Co,/viv™™____ 1 1 6-21 " j ■' .» , Nineteen 1 4- 15c . $1.75 tquar.),_______ 4-30 25c $$2 , Liberty 'Aircraft Newberry 5- Libby McNeill- & rtibbyr-l'iv. Llbby-Owens.-Fbrd -Glass,. 5 New 5-10 1 preferred ■) (quar.iz^iii Mines,'Ltd. 5-10 1 5-20 8c preferred ; (quar.)..4 Leitch Gold •' : 4; 5-15 1 62 3/ac ; Ltd. 6-10 7- 62VaC Ltd.vtrcsum.) Candy Shops, $2:50",preferred 4 %, /• 4 5-20 5-15 5-12 ' ' Co:, i'.'r- 5 4-10 Secord & preferred 5-25 6- 15c (quar.) (quar.) Lead, Neptune 4 ,_ Monotype/Ma chine Co. National 6- 25c Lehigh Portland Cement," '« 8- 5 25c ' 37 xkc ;; •" 6- 1 4 75c, 9-.1 -. 6-15 7- Extra • t-t.'lr._'_*_4l./ Langleys,Ltd, 7l'p conv. preferred (accum.). 12-23' 6- 1 6- 1 ,$ll/4 . 1 5- . Laura 10-1 4 .5- 1 pfd. (quar.)___i_ National Casket Co, common (irregular) _4_ National Cylinder Gas (quar.i National Electric Welding Machine (qua;/;_ Quarterly ' 6- . 87Vi»c J2o- . Leath 7- '1 8-16 - . -5- conv. .- Preferred /: 1 25c 2nd' preferred. (quar.'V-;-_,.-__.___.._™ Machine,* cqramon (quar.) Lanston 11-15 5- - 7- . -;■• , . T"1* 7% convertible; preferred. (accum.)__,____ .:/■./■ 7%, convertible',preferred, (accum.)___ 4-30 - 50c Cq.,.;'Comm6n4ii.I44_'^44u444^4;^'44 25c Oil ^ 8-16 * 5-15 50c . Dominguez 6-41 6- 50c 6/4 Bearing Metals Corp, National Biscuit Co, common 9-15 ; 1 .6/4/convertible 6 5-15 5rl5 $1.90 preferred (quar.VC™: preferred * (quar.) 7%/ preferred v(quar.)4-l___'_________l____ ' Lamaque Gold Mines, Ltd._4__™_u_^„™/._ 5-10 5-15 v "• 30c 7 '.o 7 % 4 '" 1 ; ■, (quar.) Sl>/2 common——/™ r & Co, $1% .7% 7-22 •• (quar.K_44_l44-4__I___4___ ;t: Devoe & Raynolds Co., 5''Jr. pfd. (quar. 1444— Class A end class B iquar.r_'_-^__—4-J--__ Diamond' Match Co.; common (quar.)4-^444' 4 6'i participating preferred is-a.t '' Dieni & Wing Paper Co.,' 5'4 pfd. v(quar.i'4_4" >C!ass-A 5 6- Co.4':cqnamon^l^±4j4r4 25c 4"' 4-26 5- Co.Fibres convertible :preferred National Paper & Type, 4/ .. 4; Common/(.quar,) Common, .(quar:) 6-16 7—1 5--25 6-15 75c. ___.__ Grocery/&;Baking, common (quar.).'. Tst/preierred qtiuarJ,/4___„44-^-.™_: Land is 4 5-15 6- I 9-1 12- 1 $134 preferred ' V 4 —— preferred (quar.)4--4-_,_4_4--4-.44-__ Detroit Michigan Stove, 5% pfd. ((|uar.)4l— Dixie-Vortex 5 -v.- $1'V'4 - 10- 1 ___4.__-.w__4_'4-L-—-■ $134 4, 12-23 6 s : 5% ' 5- 5- 6% . *4-30 4 10- ,4.. 25c, Kroger • 5-17 5-31. ^ . 75c 75c : (quar.) (quar.)—4—c4^l_,.4, & Uquar.) ■ Kresge Department Stores, Inc. .(initial)./™ ; v 4-15 7-1 S3 (s-a)-----— . : i 5-19 :f- Derby .Oil & Refining. Corp.— 4 $4 convertible preferred (dccum.i-4-44—_ Detroit",Ga,sket 6-15 6-15 75c preferred Tree'ker-^Corp. 5preferred .(quar. t _.4JI_ Knickerbocker- Fund 'V'quar.)_ Knudsen Creamery/ 60c preferred j (quar.) 77f> 4 ■ s 5-19 V > 1 5-15 $2.95 v _ • 6-15 V 6- •5-15 ____. National Allegan & Grand Rapids RR. Co.-f- (Julius)/ & Co:'_'/.44j.^_.4_: 1 Klein/iEmil D. ■4 5- 5 * 4-23 5-25 $1.50 Kentucky .Utilities, p^.i'-'TVc/jr. pfd. (quar.)_ Kirkland Lake^Gold. Mining (s-a);-—^^..— - 4-30 8-16 (Mo,), (irregular)' V 50c Dejay Stores, inc. (irregular)25c . 5 V 5-20 4 6-30 Mfg. Dentist's Supply, common Common (quar.) 5- • 3 5-15 (quar. 1$l'a Cunningham Drug Stores, Inc.— ,i- ; v 5c 4: Keith-Albee-Orpheum Corp—•*. 44 47% convertible^preferred 1 quar.)—--4,4. Kendall Co, $6 partic. pfd. (quar.)—'.4— 9-18 ; 5- ' $ 1V4 v (quar.i. 6-19 „ 5-15 (s-a) ___—10c preferred 4Vi4 Press, 6'//preferred Sc mi -an pua l r- cl-.-l.Zi. i'_-_ 1™/^. Kearney & 5-15 _ Clinton RR. Culver & Port Cunco ■ . '.5-21: . 5-15 , Telephone Co., 6 Vx '/ -pfd. (quar.) $1.62 V'a 7'e preferred (quar.)$1.75 pook Paintc& Varnish Co.. common (quar,)20c $4 preferred (quar.) ^ $1 Corrugated.Paper Box, 7'i pfd. (accum.)4,_ $$8.75 Cosmos Imperial Mills. .Ltd. (quar.I< *t 430c Coty, Inc. (irregular)> 15c Crown Cork & Seal Co., Ltd. (quar.)---i,, t50c Crown Drug Co., 7'/ preferred (quar.) 11.— ,, 4334C prum & Forster, 8%) preferred (quar.) $2 : Kalamazoo Kayscr 4-15 ; Continental , 5'r- preferred (quar.) Battery Co, Inq/'.(quar.) „4.„„._ W. .Participating - ; vCommon (initial) 1 "• 50c $1.25 convertible preferred- (quar. 1 (initial) 31V4c Consumers Glass Co.-;.Lid.: (initiali--^__--L *"" 50c Container K. Kable Bros, 54 5-15 V 5-15 Oil ' 5 ' $1.50 partic. of America— preferred preferred 6/4 ' * Chemical Co. 6/4 6- . . 1 (quar.) 1 , 10- (quar.) - / 6-19 $1.62 V2 preferred 1 5-15 preferred 4-16 1 $1% Inc. 4-30 7- ; Acceptance preferred ' •" 5-15 6% . ■ 5-15 (quar.) Kaiser preferred Hummel-Ross Fibres 6^ * 25c 5%■ preferred Co. Ltd 11-20; 5-20 - : — 1 $1 3'4 Stores™: Meier & Frank Co;, Mercantile 12- 8-20- 4-10 (quar.) pfd. < 5% 4 4-264 5-15 -:.C ; 5-15 1 11-20 5-15 r 3. 44 " / ; -20c 5- 1 ; S2.75 convertible preferred Imperial Chemical Industries,* Ltd.-*— (quar.) V: 68:,4C 5-15 " / ' /./ Concord Gas <N. H.), 7'i« preferred (accum.) " /Ordinary shares,ifinali... 5/»/ ' 75c '' 5-15 j 4-30 Confederation Life Association (Ontario)— -j***V-r->; Institutional Securities. Lid.-e ;4-:-/::v4:'• "V Aviation 6-25 group shares...',: „4..__„ 50c Quarterly 4$1 *'» " 6-30 '"(• 9-25' International Harvester, 7/4 pfd. (quar,i __._" ' ISlVa • X 9-30 Quarterly $134 Iron Fireman. Mfg.,'common 12-244 Quarterly t$ll-» 12-31 (quar.)_-._v 30c 45- 5 :> Connecticut Light & Power, $2.20 pfd. (quar.) v4; Common:4(quar.).il__;_4///_____„_L_L^__ " .430c ; 55c ,'6- 1 * 5" 5 82.40- preferred (quarjr_^l^r,-*i.'2~_-l;'i'_'---' '//-••/ Common / (quar.):..'444i4'4i:/4_, 60c 6- 1 '____i4^44/i4; 30c Island Mountain/Mines,- Ltd.; (interim).-—_ i 5-15 Connecticut Rivet Power-pfd. ifquar^$114- $5c. 6-^1"; Columbia'Pictures 5-12. 6- 5-15 1 $1,62 Ja McMarmac Red Lake Gold Mines (initial).. Meadville Telephone, common (quar.) 5-15 12- 25c 7/;. preferred (quar.)__ Mclntyre Porcupine Mines -(quar.) , f 40c 5-12 .5-15^ •• 4/5-25 1 50c 5-15 5-15 5-15 - 6-15 / 9-15 4 6-21 '-. 5- 8-20 $1V4 McClatchy Newspapers, 7preferred (quae.) 7% preferred (quar.)__™ $1.50 4-14 5-28 series 5'v> 1 McEwen 1 preferred4__________ common preferred Horn, (A, C.) Co, 6/4 partic. pfd. tquar.)--74 non-cam,, partic. preferred iquar.)4_ Hotel Barbizon, Inc.y'<quar.)/ . 8-10 4 5-15 • ' 1 7- 62'/2c pfd^ tquar.) (s-a May . 9- 6- 4 ' Colorado Fuel 6-25 6-23 1 (quar;) Department-. (quar.)____*__„___4^4___- Horrnel 5-10 t25c 12laC •' Colgate-Palmolive-Peet, common (quar.) - 6-30 May 1 (quar,)___ Massachusetts Bonding & Insurance i 5-20 69- 25c (quar,)__ (quar.) 5-20 25c (interim)_/__ preferred Shovel, Corp, 4V2'4 - . 6% Ltd. 1 $l'/2? Ltd. tquar. 1 / Electrochemical - (quar.)_.^ : (Geo. A.) & Co, common (quar.).„_ Hooker - 11-15 6- 7-1 15c Spencer Bartlett & Co. Monthly 5-15 i:3c —i. 6-25 Steam 0} Rev. 6- $1% Monthly ' 7 6- 1 9- I . $ 1V* $114 (s-ai common Hibbard 5-20 1 12- $l'/4 i—-. (interim) Mines ' 6'/ — Willans Gold Cockshutt Plow 6- ., 6-12 Ry.—?. (quar.)_' 5rv> _L__. (quar,)_ 6% Pacific - 4-30 5-25 —50c Orleans 5-15 1 6- __ 9-20 10-15 (quar,)25c Copper Co, Cochenour " —25c Cincinnati New ' 25c 4-20 1 5r'o Honey Dew, Chickasha 5-15 7- 40c (quar.) 4 Hershey Chocolate Corp., common (quar.) ■' $4- convertible preference (quar.)_____ Hej'den Chemical Corp,. 4V444-pfd. class A 6-)9 7-.1 6' preferred Masonite 4- preferred preferred >'4. : (accum.)- Powder-Co. $1('2 Champion Paper & Fibre, common_„w^_-,_r__ 4-16 Lake-Mines, 6% / 6- • • 25c (quar.)- (quar.)___:: Engineering Co. Chamoersburg Marion 5-15 4 $l3i —... (quar.) Hedley Mascot-Gold Mines (quar.) ,< . 37'/2c 37 Vac (irregular)50c (quar.)_—. 1 4-30 Electric &• Utilities— 1st (I.p&Ccm 5- 50c . S'/o - Magnin 5-15 1 cqmmon^^..^ 64 preferred Oqu^r.'j Harbison-Walker Refractories Co. .-444__i_ 4 Red 5-20 1 4v • Madsen 1 7- 4 Hamilton >W«teh^CQ;f 4-30 5-29 . preferred 25c convertible preferred SI'/a 5-10- * 6- 10- Corp.— Knight Co./ 74- 6-30 9-30 5-10 6-30 •' *.: 6-15 $134 common Dredge & Dock Co. Hallnor Mines.'.itd, -(quaivli.* 6- 1 $2 $1% Century Ribbon Mills, 7% Chain Store Products, 5-25 -. 37Vic 37Vic 5%-prior preferred (s-a) __.i Smelting & prior 6-21 6-21 $134 Sl'a , 6-12 4.i-_^ 4 Great Lakes . $7 6-30 - $1 Co,-Ltd. '(quar.) Graton & ; . $6 6-12 4 / (quar.) (accum. Mills. 6-11' Holdert $1V4 preferred, (quar.) i6Va% preferred/(quar.) /.Common (irregular)" _.4™'__™_™! Lynch Corp, (irregular) Lynchburg & Abingdon Tel. (s-a) /9-11 Granby,,.Consolidated/ Mining ' Celotex 4 __ <quar.)^..:i.__ Globe Democrat Publishing,* 7'/n 5-6 Gold preferred Lunkenheime* Co, 6Va Z4 preferred 6-30 20c — Corp,-common General-SteeLCastings . $6 5-15 7-1 7-1 7-1 t $1V4 /' GVa Vo " 25c (quar,)_ 74-1 preferred ^2_j^^ Foods ' 10-1 $1.50 — 7preferred. (quar.)'u;..4-i__---:._ General 5-11 6-30 Malartic M.) • . 4-30 5-15 6- 1 preferred prior J General Cigar Co., 4-30 , Bridge. Works__;-___„_^__ Gamewell. Co; 4-30 •; 5fl5 ; 8W . ->,5-15 5-15 4 ' $1 (quar.) Fpster Wheeler.Corp., 6'i prior pfd. 4-16 " 5-15 9-15 12-15 16%: City) -(quar.-) (Jersey . , 6-15 i 9»30 $4 $2 ■ N. J.Ms-a) pfa. 4-24 y/,;v-/■//'///;'.// " 6 4- 5-10 / S3'/a preferred ;7 quar.)™_,485c. Canadian Foreign Investment 8'i pfd. (quar.) I$.2 Canadian Insurance Shares, 'Ltd.™-/-™-/•/'' tS'l Castle. (A. 4-24 > .5-10 6*^30 First" National Bank (Chdcago)- (quar.)$2J/i K-.Wf;- Extra •_^^^__,w-4y.-4.'■'■*. 50c U. 4-24 '• 5-10 i $60 convertible Canadian 4-24 9-16- Co.— Stores td-$74preferred- (aeCum.)___-,_^__^_':Fidelity-Philadelphia-Trust -Co.- (quar.)—4.4 • Fire Association 1 of' Philadelphia (s-a)^__,_ 5-10 37VaC 62Vac • <quar.)_ 1,"; & -Curme. Shoe 4 -$3.50 .Firemen's Insurance Co, (Newark, $2la - preferred (quar.)™™™_______- '. "$3.40 5- "5 Firestone Tire^& Rubber Co, California' .Water Service, fcfcpld. A.itquar.); 6',?'.. preferred B iquar,)!i:i_^^^;^it*:-' Canadian 4 Feltman ■///:(/ ■ ^ common : / (Holding)//Ltd. Am.'/Dep. K preferred ts-ai__;_™___!^. 2%% ,' Packing,, 5 'V (quar,)25c Co. SV-z'i 5- 1 *?' • 5-15, 1 Payable Cement— 5% . 4 12-20 — . . .(s-a Cable & Wireless . 6- • ,// !, . I':' 4-30 •ri 5- 5-29 10- - - - .Quarterly> $2'/2 ■Quarterly' *-r*^ >■ $2-V4 4Federal-Bake- Shops > cbmmon (quar. 4^ l- 25c 5'i-'preferred '(s-a) •>' 75c : Federal Machine "ft Weldew Co.--(-irreg.)'_,__ - 50c Federal Screw Works (quar.25c > 5-25 6-1- * 1 class A com- participating, one of Amer. class B Corp. 20 ;15c. _. >' Class A participating es-a). Class A participating (accum. ?, / ..Participating preferred (s-a)-il--riC-u-^v...' . ,. tquar.)i__™_, 37VaC common, class .,. 6- . 1 6» - ; 6- 5 tquav.)$lVi Byrndum Corporation—V r 6-15 15c Farmers & Traders Life'Insri Syracuse,-N. Yd 4r204 5-. 3- 4 4-23 ... 10c 11-20 4 ..$5 'preferred/ fqua'r.) ::4-30 .5-31 ■; . $1.60 .. 1 prefei-redelquar.- $D4 4 $l»/4 $5 • - .4-20". . 5-20* 43c ... iliquidatingj^.^„>X:. (resumed)_™™_™,™,:. Burroughs Adding Machine Co. '(quar.h----,_j Butler. Brothers,... common..;_____r ; jioc ^ 4-27 i ... 8-21 6-30 When thare Name of Company participating preferred (quar.) Participating 5"c participating preferred (quar.)__™Z Participating ; v 5'o partioipating preferred (quar.) ~~ Participating LUkens SteePCo. .(irregular) Lumberman's-Insurance Co. (Phlla.) (s-aill 5-22. 1 12- / "... , Longhorn Portland 6-1 • $1.25 * * . 5-14 9- ' "-• $1.25 ? (quar:) " Brazilian-Traction .Light Brewers $1.25 Nickle 'Mines (interim$7V'aC 4 Falstaff Brewing Corp., common (quar.)_,_ 15c :'6 ';«■ preferred -(s-a) 3c Faristeel Metallurgical, pfd. -(quar.) $1V* 4-30 5-20 • iquar.l $lYa Per 0/ Rt<t. 6-1 Falconbridge < Holder1 Payable thare $5 »preferred v!" 7 16c 7% 1st .preferred-<accum;)•_;'/.>• Fund,. Inc. Bourjois, Inc., 40c , • When Per v • . . Equity Corp;/$3.'c6nv.,pfd, -(accum.* Erie' Railroad' Co.^ $5 preferred -(quar.Kw—• G-30 6-10 .* ; ' 4 *)•'Name of Company ;; 1 6-30 iquar.) 4, ■■ 5-14; $1 - -4.44;'. $t Rec. .V-vi'%;thart,^'. Payable 15c V 6- 8v LiiZ-llHi ■ 20c5-15 Mines.- Ltd,- '(Interim?'*■ 43c Co., Inc. & Holder» When per y- . National River- Berens Best • •• ' 'Go. fielding*' Heminway Bensonhurst 1615 " •' , tHE COMMERCIAL & FINANCIAL CHRONICLE Number 4173 157 16Z4> preferred (quar.) 1 Philadelphia Transportation— * Participating Johnson Ordinary (irregular— Co, & Co, registered Pittsburgh, Bessemer 10-22 10- I 5-15 5- 1 5-24 4-16 Ltd.— (final) 6'.;, Lake Erie, RR. Co.— Semi-annually 75c Rouyn Gold Mines Metals 50c 30c preferred Governor of (interim) America—.; 10- 1 9-15 tt c 5-15 5r 25c 5-15 4-15 1 THE COMMERCIAL & FINANCIAL CHRONICLE 1616 Per Share o/ Company huffl« !— — Proprietary Mines, Ltd • & Gamble Proctor Service Public Common 5% $5 Co. Co. Service 25 c (quar.) 50c 5-15 4-15 $1% 5-14 $2 6-15 5-14 $11/4 6-30 5-28 $1% 6-30 5-28 (quar.);-™™ preferred prior preferred $5 — (accum.) Radio — of (quar.)™. America— $1.25 $2 !/2 Button Co.— pre.erred 6% (quar.). convertible St. Louis Bridge, G% 2nd 3% 2nd preferred 35c Dillon.Co. Seaboard 1 7- 1 5- 3 •4-26* 37 y2c .U5c i- ___ t$iy2 & Co. preferred Silex Co. Sioux 6- IV 1 I'M preferred 5-15 67'n preferred 5- 5-30 5-24 non-cumulative, Southern Union Gas Southwestern Life 6- SI G- 1 5-15 $3 7- 1 1 5-25 7- 2 6-10 4-26 3-26 25c 5-10 4-30 $$2 6-15 5-15 25c 5-10 4-30 5-10 4-30 6-15 5c G-25 37y2c 5-15 4-20 31'4 c 6- 1 5-15 6- 1 5-15 J20C (quar.) 5-12 V 5-28 5-15 8-14 10c 5-15 5- 1 5-20 10*15 10- 5 (quar.) Spring Valley Co., Ltd. (liquidating)™—™ Standard Brands, $4.50 preferred (quar.).._ 6-15 6- 1 6- 4-30 Inc.—. preferred 50c $1 Va Corp.— 15c 7-15 7-13 4-30 1 6-15 6- 1 5-15 5- 5 Standard Wholesale Phosphate & Acid Works— Quarterly !_ 57c 5% of Co. 7% Canada, preferred Stein (A.) & Co Strawbridge & common 6-30 6-16 $iy4 9-30 9-16 $iy4 12-31 Z 12-17 5- 8 4- 7 $75c 5- 8 4- 7 preferred 7% Bond 1st Thompson Company, common 1st Oil & 6% $5 United of Biscuit RR. of 7% a Less the source. 460 + 84 52 + + 104 except accounts, _____ on hand 16,763 _ 4-28-1943 or Decrease Since 4-21-1943 4-29-1942 and 20,258.915 British income reserves 16,000 45.612 4 242 20.6G2.283 : tax. Other 7,229 38.856 condition statement of weekly ' ' 25.743 + +■ • 14,610 banks in 101 Industrial U. S. leading cities shows the following principal discounted 25.743 14.610 advances 12.795 securities, from R. Bank F. member banks. . '■ all 1,564 092 35.188 + 540.063 96,141 __ 21 WOO 899 — . 28,785,701 1,611 — 28,949' + ..' + 4,460,722 66,193 '.,! •»v.-;- ■":/ -:V : ■ 13,068.002 Member bank—reserve acct._ City, $43,000,000 in the Chicago District, and $213,000,000 at all reporting member banks. Holdings of United States Government bonds increased $84,000,000 at + 12,148.981 , 98,096 V..V.+ , ■■' +4,286,267 Deposits: Holdings of Treasury $100,000,000 in New $142,000,000 4,018,361 5,495 + : + circulation. York and 3,990.811 + 38,970 R. notes in act. Foreign City + 30,804 47 . assets Liabilities— 17,989 + 59.678 banks assets Total 2,233,784 + . 6,385,441 premises Other 997,375 + !'V 6 346 903 banks—. foreign + 17.989 + securities, guaranteed,™ Uncollected items TV P. York Govt, notes of other certificates of indebtedness increased New S. 291,675 •■+. L — /•; 2 322.786 Total bills and securities curities increased $597,000,000 in New York City and $668,000,000 at all reporting member banks. Holdings of Treasury bills increased $327,000,000 in New York City, $66,000,000 in the Philadelphia District, $60,000,000 in the San Francisco District, and $624,000,000 reporting member banks. 997.375 Bills reporting member banks, and declined $13,000,009 New York City. Loans to brokers and dealers in se¬ .v- r 473,977 :.:+ 984.175 and 2,798 : 2.042,567 Certificates U. . V Notes 012,000,000 in holdings of United States Government obligations and $4,355,000,000 in United States Govern¬ ment deposits, and a decrease.of $2,682,000,000 in demand deposits-adjusted. V ' Vi 18.752 ' Bonds changes for the week ended April 21: Increases of $1,- direct + + 1,795 direct guaranteed: Totnl • : bills Govt, and '•'■"II, 'In % +; >:'f9,187 435 discounted... * reporting member 160.228 — . Total v. 30.411 + .' bills 229.495 — 4.529 357.756 " by U. S. Gov't obli¬ gations. direct & guarant'd Member Bank Condition Statement in 4,219 1 110 Secured Non¬ __ Total Deferred __ 169,175 .!+ 1,024 ."+ 499.269 + 14.001,781 deposits availability items.—. incl. accrd. divs.. 513,404 — 28.798 910,841 — __ ■ 442,690 Treasurer—gen. accts— Other reporting __ 314 306 17.912 28,381 — 209,567 160,217 5,533 — 8,355 + 1,036 1,294,510 Other Iiabs., 38,780 + 1.314 + 4,424,415 346,401 ■ deposits-adjusted declined in all districts, the principal decreases being $1,596,000,000 in New York City, $266,000,000 in the Chicago District, and $185,000,000 in the Boston District; the total decreases was $2,Demand 1 8-15 4-15 10c 6- 4-30 + 1 35c 6-15 6- 1 States Government " Total liabilities ——' Capital 28,372,648 66,618 — . ' Accounts— deposits , 147.0)4 paid in Surplus (Section Capital in¬ total res. trial to — ---'• accts. 28,785.701 + 2.389 + 2,909 + 78,799 ..■+ 406 48 + 30.961 + 4,460.722 ■ 66,193 to deposit & 76.3% F. R. note liabilities combined Commitments • ■ 26,829 _ Total liabilities & cap. Ratio of District, and $249,000,000 in the Boston District; the total increase was $4,355,000,000. Deposits credited to domestic banks declined $178,- 19 + 160.411 . 13b) Other capital accounts (Section Surplus 582,000,000 in New York City, $478,000,000 in the Chicago 5-11 90c 5-15 4-30 5-10 4-30 5- 4-20 20c 5c i2y?c 5c $114 8 5-15 5-15 5- 1 5- 1 make advances + .1% 13,468 + 1,808 —, 14.3% indus¬ ! —•— + 1,795 11-15 2 8- 5-15 Arner,, $1 Va 5-15 4-30 5-15 4-30 25c 5-10 4-10 25c 6- 1 5-14 siy4 6- 1 6- ;• r (monthly) (monthly) 58 V3C 7- 1 1 5-15 53c 6- 1 5-15 53c 7- 1 6-15 50c 6- 1 5-15 50c 7- 1 6-15 $2.50 7-10 6-21 37c 5-15 4-15 50c 6-19 5-31* 50c 9-20 8-31*' 50c 12-20 676 prior preferred (monthly) CM prior preferred ; (monthly)—... class A Co. (quar.) . (quar.).. United States ?ipe & Foundry Co.— , (quar.) preferred common 50C (quar.) (resumedt_ 1st preferred New York Free —— .Australia, Brazil, April 24 $ pound $ .297733* .251876° 3.228000 .251876* 3.228000 April 28 April 27 April 26 $ $ .297733* .297733* %" .251876* .251876* 3.228000 3.228000 ;V $ .297733* .251876* 3.228000 April 29 , $ .297733* .251876* 3.228000 cruzeiro— Canada, ,060586* — .060586* .060586* .060586* .060586* .051275* Official .051275* .051275* .051275* .051275* .051275* ,909090 .909090 .909090 ,909090 .909090 .909090 dollar— Official-— —. .903750 .903482 .572800* .572800* . .901696 .903125 .900625 .060586* .902500 1 Colombia, peso ^ 4.035000 .572800* .572800* .572800* .572800* 4.035000 4.035000 4.035000 4.035000 England, pound sterling—™LIT——. India (British), rupee__— 4.035000 ,301215 .301215 .301215 .301215 .301215 .301215 ——1. .205725 .205800 .205800 .205800 .205800 .205800 .909090 .909090 .909090 .909090 .909090 Mexico, peso—— Newfoundland, dollar— Official — .909090 - Quarterly 6 76 1930 .901250 Quarterly Quarterly U. S. Playing Card Co. Noon Buying Rate for Cable Transfers In Value in United States Money .297733* 6-15 ——_ — United New Jersev RR. & Canal UNDER TARIFF ACT OF FEDERAL RESERVE BANK TO TREASURY TO APRIL 29, 1943, INCLUSIVE 23 April 23 Oificial 5-14 (quar.).. BY Country and Monetary Unit Argentina, peso— $iy4 ...— CERTIFIED APRIL 5-10 58 %c com. RATES 5-10 5-15 EXCHANGE 4-22 $114 ... give below a FOREIGN 7-24 5-22 50c iquar.)— We 11-10 $5 ... world. 9-10 20c (irreg.)__ the Federal Reserve Bank is .now cer¬ rate for cable transfers in the different countries of therecord for the week just passed: of the Tariff Act of 1930, tifying daily to the Secretary of the Treasury the buying 5-10 8-14 Foreign Exchange Rates Pursuant to the requirements of Section 522 5-22 5-15 25c (s-a)! pref. 1 25c ... (quar.) 6- 5-28 (monthly) non-cum. 2%. at 5-15 (monthly) 8% resident tax, deductible tax 9- 5-15 prior preferred Co., ■ - ' all 369 .+ .+! (In thousands of dollars) Bills discounted: dividends. funds, 75c . Missouri— of prior preferred Rubber ____ cash Total 7 5-15 prior preferred S. 15Vb; .7;. 1 6.36rM U. Gov't __ 727 Increase J dividend. this for accumulated Canadian in tax, closed 1 6,367b U. S. Potash Co., of account not tax. 6- — ... (quar.) Corps, Ltd., books income 6- (quar.).—_r—_ prior preferred United 4,355 9,303 5.177 + 1 + districts, the principal increases being $2,- / United'Light & Railways Co,— I'M Jamaica United (quar.) (Dallas) (quar.)_____. Co. 2,682* + 6,016 14 figures revised. certificates Other creased in all — California preferred 4 682,000,000. 4 1.0c (quar.) preferred Oil — 5,484 _______ .due from U. S. Treasury—.; Redemption fund—F. R. "notes 4 5- —. preferred Union 9- 12- 37 y2c ... (quar.) Co. 9-15 12-15 500,'*/; 50c — 5-15 (irreg.) (quar.)... Insurance Bennington Electric :•! '. t Payable at - ■ 20c . Co.— — preferred preferred $4.50 S. 40 + : deposit accounts ;•< Go'd 5 5-18 —_ Tung-Sol Lamp Works, 80c Tyer Rubber, common... Union 6- 6-15 50c 5-25 • Quarterly : I___III~ "_IH U. 18 • — • ' II IIIIIIIII" : and 25 • 683 490 1,254 — " 30,322 banks demand .,— 1,834 —. — 643 501 Assets— 25c 8 25c Troy 15 8,642 2,658 7 ' 5-20 5-15 (quar.) (Nevada) Trinity Universal + v banks_IIIIIIIII~I ' 5-20 1 1 (irregular) (s-a) common Extra $6 & R.I Mining Tonopah Trane 1 50c Co., $3.60 preferred (John V H6' 50c ..... 3 226 • ? 4-20 1 1 6- ;—_:!■ (accum.) Coal Thatcher Mfg. .'.••*-■4-15 6- 6- 4-30 (increased) —_ 30 +'■ 4,487 Share— preferred Pacific Texas & 4-30 25c V 25c + + Statement of Gobditfon:'of Ihe 12 Federal 7 7 I Reserve Banks Combined 5- Teck.-Hughes Gold Mines, Ltd. (interim)—__ Telephone 4-30 1 Qo., Ltd.— Corp., 0-15 5-15 40c . (monthly) ™_1™„__.L 142 1,984 75 470 ' 3 + 85 i— 10-15 $iy2 common.. preferred 1 5-15 receipts Itquar.).. Transit 11- u-1 6- (quar.) (quar.) Talon, Inc., 4% 7-15 25C ___ Clothier— Swift International Jr. 4.744 87 — ■•+ 7-15 25c ;-T—— (s-a 1 Swan-Finch Oil Sorp., Deposit 5 $75c (quar.)_ _ — Corp. prior preferred A Sullivan Machinery Co. Syracuse 4-30 _ 6 7r CM 6- 5-15 $iy4 (quar.) Stewart-Warner 6-15 . preferred (quar.) Steel 60C 31 V4c preferred (quar,)__„ Stecher-Traung Lithograph, 5% preferred (quar.) 5% preferred (quar.)..—— •',( Y: in 6-15 9-15 10c Stanley Works. 1 1 domestic week •April F. $1 Va Silica 8- to during 1 8- ; ■(':$iy2;'-y __ 6- Due //'V.. $1 Standard (1897).,. (quar.j 213*- + + ~SS ~ with interbank 4-30 • at all $ 114 (initial)-——— & Bros., $1.50 pfd. pfd. 1 Debits 5-15 $114 pfd preferred conv. 6-17 6-17 5-15 vault Domestic 4-20 < irreg.) Investors, Spalding (A. G.) Co. + 203 1,049 + ^ 182 14,182 BanksII_~~I Reserve Foreign banks Commercial, industrial, and agricultural loans in¬ creased $20,000,COO in the Chicago District and $4,000,000 35c Spiegel. Inc., $4V2 Power, .6%. (quar.)_ W.) V 5,353 4-19 (quar.) Sovereign 1 1 18%c <quar.)___ 3.670 Uj Borrowings 7- Y.-ny — 30% The (quar.) (Dallas) Less tOn 6-22 37'/2c Insurance (F. (Wm.) resident 6-22 7- $22C (quar.). non-cum. Electric •Transfer 1 30c — SI.75 common Co. 6-15 5 tlVac pfd. x 5-24 5-30 J4C Ltd. 4-16 7- 7- —J. U. S. Government deposits-! Interbank deposits: 4-30 •>$iy2 + ■ 4,195 deposits-adjusted deposits Time 5-15 $lJ/2 (quar.i.n._ 624* _ 5 5-5 , Railway Co. 5 % 5% 3 5- 5-15 25c (quar.).—; Southern 5- 5-15 :v. Power, common + Demand 8-15 4-16 5-15 in Liabilities— 5-14 5-16 $25c Quarterly Quarterly Quarterly 12-15 - 50c (quar.) Canada 5-15 50c (quar.) (s-a)__—!_■ 5 7c Cash 8-31 of with Federal Balances 5-16 30c — 4'^Q 4,773 III ~~~T- ~~ indebtedness—""" ^___ securities Reserve 6-15 $1 Co.™._ 28 1.27G + 1 J 05 Obligations guaranteed by U. S. Government Zion's Cooperative Mercantile Institutions- 6-15 1 50c $$1% Southern 7- 20c (quar.) Water, Mfg. preferred Extra 12-15 5-13 —— California 12-23 12-23 20c .__™_ — • . $1% (quar.) preferred Wrigley 6-15 25c (quar.) Southern California Edison Co. Southern 1 7- $iy2 preferred (s-a) Ltd. Hosiery, convertible 6% 5-10 siy2 (quar.)— Mines, Dental bonds 5-15 1 6-15 (quar.) common + 1,159 loans 6-15 1 1 25c (quar.) Woolworth Other 5-15 I 5-29 : 1,376 487 4-24 6- V 23 828 • U. S. 7- . 133 + 12,734 carrying I~_I 4-24 7- V, + 4-■22-42 + — 5 1,482 II banks— 5-14 $1.50 (quar.) to . preferred (accum.) Corp. S.) Wisconsin 5-15 25C $2 preferred $75 Loans Treasury bills Treasury certificates Treasury notes 6- 01* Real estate loans 9 5-10 $1% . purchasing 6-15 Sl'/a ....— Co.. for 5-10 V $1% (quar.)....— , 5-10 ■ (quar.)... Sonotone (S. Ltd. Common 5-15 6T 5-20 City Gas & Electric Co., com. (quar.). Elsco Gold (quar.)'_.____ pfd. ; ■ Extra 1.4. V/inters & Crampton Corp.— 5-15 15c Ltd, Simpson's, Ltd., 6y2"c pfd. $1% i Brake Paper, Winstead 5 1 1 Power Co. (quar.)__ (Canada)—("■ Mines, 5- 6- 25c (quar.) Premier White 6-15 10- loans securities 7-io 5-10 50c ... ... _ 6% (quar.) Air preferred V/ilsil, 5-20 5-15 6- ——_ convertible preferred 6-1 $$1.50 Oil Sherwin-Williams 9-15 4-30 (irregular) Shawinigan Water 776 9-10 5-14 $1.50 6G8 207 Other 6-10 $2% common..........— + 5,598 Open market paper Loans to brokers and dealers in securities 7-20 , •+ 4 : 6-10 9-20 2 5c + 850 agricuftural 7-17 Pulp & Paper Co.— preferred Whitaker 9-15 10C Virginia 1 + 1,877 10,414 ; 2 10-20 $iy4 preferred (quar.) 6% 6-15 1 Mills, Electric, Westinghouse 6-15 10- 62y2C common 6% 1 10- $1% (s-a). Shamrock oil & Gas, 7- $1% (?o. (Del.) (quar.)..— Seattle Gas, 85 1st preferred (accum.). Silbak 4-26 $1% (quar.)™ preferred 776 ■i 4-26 5-15 31% —— — Seaboard Finance Corp., convertible 5-15 35c (s-a)—-— Board, Penn 12- 4-:14-43 44,127 investments—total_. loans- Other preferred (quar.) West West (quar.) participating preferred Scotten 4-16 $3 Savage Arms Corp 7 76 7-15 4-26 Knitting preferred (s-a) Welch Grape Juice, 7% 4-21-43 6-21 8- $1% + 676 7-15 S3 preferred Wall 2 2 (s-a)_—— 3% Schumacher 8- 1st preferred (s-a)____ 6% preferred 1st Wayne 20c .% iquar;) common convertible preferred 5-15 8-16 8- 12-10 $iy4 11-15 15c 1 t$l (quar.) 1 15C , __™—— preferred preferred 1 1 9- $ 1 Vs 9- G- 9-10 and Commercial, industrial, and Gas Light— 12- 40C 1 15c (quar. • Loans—total 6- (Interim).—; 40c Royal Bank of Canada (Montreal) (quar.).. Rustless Iron & Steel. Corp,, com., (quar.) S2V2 4-15 5-25 6-10 $1 (quar.)_ Ltd,,, common Saco-Lowell Shops, 10-20 (D. C.) preferred Loans 6-10 $1 ^i v.;■; preferred convertible $ll/2 Holland Paper Co., $4V2 1 Mines, Ltd. dollars) Increase (+) or •' 6-21 $1-/4 i of Decrease (-—) Since Assets-— 1 7- $iy2 .... Gooderham & Worts, Ltd. (quar.) preferred (quar.) $5 12-24 (H.) Washington • 5-13 11- — 40c (initial)——™- Co. 1 1-3-44 millions 9-21 $1V2 Washington Railway & Electric Co.— 5 76 preferred (quar.) 5% preferred (s-a) 1 25C V ____ Radator 1 7- 1 $1.75 (quar.)__„—__1L_™_—____ Amulet 10- (In 6-21 37V2C <quar.)_;_ common....-..; (quar.)... Waite 9-27 1 $1.75 preferred Walker 6-11 7- Co., A summary of the principal assets and liabilities of reporting member banks, and of debits to demand deposit accounts, follows: 12-27 7- ■v., 1... ... preferred $1 87!/2C Detinning 1 10- $1.75 776 . preferred (quar.). $5 cum. preferred, class B— Rath Packing Co., 5% preferred (s-a) Reading Co. common (quar.) Regent Knitting Mills— $1.60 non-cum. preferred (quar.) $1.60 non-cum. preferred (quar.)—____ $1.60 non-cum. preferred (quar.) Republic Investors, Fund, Inc.— 6% preferred class A (quar.)___ 6 7o preferred class B (quar.) Republic Natural Gas (s-aI Reynolds (R. J.) TobaccoCommon (quar. interim)..., Class B (quar. interim) Rice-Stix Dry Goods, 7% 1st pfd. (quar.)__ 7% 1st preferred (quar.) 7% 2nd preferred (quar.)™,™. ,+ 7% 2nd preferred (quar.) ___ (quar.)... pfd, (quar.) (quar.) 2 1-1-44 62V2C 7 76 1 4-19 5-25 6-26 7- 50c Common 5-29 J25c 1st cum. Rochester 6-15 i™--— 1 Works preferred Vulcan 5-28 5- 7- 5-12 62J/2C ; 7 76 preferred (quar.) Virginian Railway, 6 76 preferred 9-20 6-15 5-29 25c preferred (quar.).. Co. Power Richmond 10-15 $iy2 50c 6% Corp. $3.50 7 76 6-18 7-15 Iron 5-25 7-15 5-15 62 y2c (quar.) Milk Co., $4 preferred Dorn ; 6-10 7 75c Vapor Car Heating, 7% — Quaker State Oil Refining Corp Quebec $114 $ 114 (accum.)— Inc. Quaker Oats, Van Light— prior Pullman, Van Camp 000,000 in New York City, $89,000,000 in the Boston Dis¬ trict, $43,000,000 in the Philadelphia District, and $460,000,000 at all reporting member banks, 0/ Rec. $5 75c prior pfd. prior preferred (quar.) prior preferred (quar.) 5% 5-14 40c 75c Knitting Co., 5% 5% 5-14 Holders Payable :nVi preferred (quar.) preferred (quar.) 6 76 J.— 6-15 ; participating conv. pfd. A (quar.)... (quar.) preferred (quar.) Utlca preferred $5 7% 5-15 $1V4 share Corp.— preferred 6% 5-15 1 (quar.).™- Puget Sound Power & 6% 1 6- 6-15 Public $2 6- $1.25 ; class A 6-15 8% 7% $5 Sugar Upper Michigan Power & Light, common 676 50c 7% 82 4-23* States 6.4% 5 preferred (monthly)— preferred (monthly)—; preferred (quar.)—__ preferred (quar.) — — Service Electric & Gas, $5 pfd. (quar.) 6% $1 ■ 5 7< 5-15 50c — of N. 4- 6 7-15 United Inc.— Indiana, Corp. 5- Name of Company of R*a 4-24 When rer Holder « 5-10 $ 1 Vs (quar.) iquar.)—: of preferred, preferred 6% preferred (quar.) cum. Public 5% Co., Prosperity When Payable $2c J5c Ltd Privateer Mines, Monday, May 3, 1943 7- 1 11-30* e-15 $1.50 __ 6-15 6- 25C 6-28 $2 6-11 Union of Africa, 1 pound—— .900625 .899062 .898125 .899791 3.244203 pound—: South 3.244203 3.244203 3.244203 3.244203 3.980000 3.980000 3.980000 3.980000 3.980000 3.980000 Uruguay, peso— Controlled 6-14 6-25 New Zealand, .900625 3.244203 Noncontrolled ♦Nominal rate. ———_____——:— .658300* ,658300* .658300* .527125* .527125* .527100* .658300* .527100* .658300* .658300* .527100* .527100* Volume 157 THE COMMERCIAL & FINANCIAL CHRONICLE Number 4173 1617 JBBBk Stock and Bond Sales DAILY WEEKLY - sales art disregarded in the day's range, Cash and deferred delivery NOTICE New York Stock Exchange «» YEARLY - unless they are the only transactions of the day. No account Is taken of such sales in computing the range for the year. United States* Government Securities on the New York Stock Exchange Below furnish we Stock Exchange Dally Becord of a 113.7 Treasury 113.7 113.7 2%s, 113.7 113.7 \ Low ' 113.8 [Close 15 sales In $1,000 units " Total sales In $1,000 units Apr. 28 Apr. 29 — Apr. 30 Holiday 4 f High \ Low 2y2s, 1962-67 (Close Total sales In $1,00 units [High High 3%s, 1946-56 Apr. 27 sales In $1,000 units. 105.5 1 [Close Total 105.5 105.6 | Low Apr. 26 Low 105.5 105.6 Apr. 24 High 1956-58 Close *iYs> 105.6 (High ds, 1944-54 Daily Becord of U. S. Bond Prices Apr. 30 Apr. 29 Apr. 28 Apr. 27 :f High 4y«s, 1947-52 coupon bonds on the New York Figures after decimal point represent one or more 32d of a point. (See note below). Apr. 26 Apr, 24 U. 8. Bond Prices Treasury Total Owners' Loan and Federal Farm Mortgage Corporation daily record of the transactions in Treasury, Home during the current week. 2%s, Low 1963-1968 Low . Close Total Total sales In $1,000 units In $1,000 units (High 2%s, 1967-72 Low 100.21 \ Low 100.21 [Close (High 3%», 1943-47 sales 100.21 Close Total sales In $1,000 v; units 101.6 Close Total sales In ♦ $1,000 units 101.7 101.5 101.6 Low 1943-45 101.7 *1 IVg High 2>4s, 1951-53 Close < [ High ? 2 Vta, 1952-55 Low Via, 1944-46 j Total Total sales In $1,000 units— sales In $1,000 units High (High Low 2Vis, 1954-56 Low \ [Close Close Total sales in Total $1,000 units sales In $1,000 units ; (High (High 2s, Low 3»/aS, 1949-52 1947 Low (close Close Total sales Total sales In $1,000 units High $1,000 units 110.3 2s, Dec. 1948-50 sales In $1,000 units. High (High ] Low (Close 2s, June, 1949-51.. sales in $1,000 — units. [High 2s, Low 1945-47 Low Close Total sales In $1,000 units Low Close Total 2 sales In $1,000 units (High 2 Vis, 4 High 110.3 Close 3s, 1951-55 Total Sept., 1949-1951 -j Low (Close Close Total sales in Total sales $1,000 units - 2 101.14 ' 110.3 Low 2%a, 1955-60 101.14 Total sales In $1,000 units High Total 101.14 low 2s, March 1948-50 Low IClose Total sales In In $1,000 units Close [High 1946-48 3s, Low (Close [Close 3y«s, 1946-49 Low ■ Total sales in $1,000 units (High 3 10 101.5 3 Total sales in $1,000 units 101.5 101.6 (High SV«8, 101.7 In $1,000 units < High 2s, Low Dec., Total sales in units 15 [High 2s, 1 Low 2Vis, 1951-54 1950-52 -j Low [Close (Close Total sales In Total $1,000 units sales Low (High I Close Total sales *l>/2 2s, [High Low Vis, l34s, 110.8 Federal Low Total 3s, series A, Total [ High \ Low [High lJ/aS, 1945-47 Low (Close LOW Monday Saturday Apr. 24 S 59 per 59 59 50 58!/2 *109 1111/a 40 34 •38 411/4 501/2 50 Va 503/a AND $ per share 111 1/2 •38'A HIGH SALE 59 59 59 59 59 /?: the Week $ per <59 / share a 10'4 111% *10914 111'/a *1091/4 800 111 »/2 *38 411/4 *371/2 4114 *371/2 41V4 *371/2 41»A *4914 50 'A 49% 49% *4934 50% *4934 for 50% 27 19% 191/8 20 191/4 41% 42 42 42'/a 41% 42 42 75 •67 75 *68 400 6 11 Vi H1/2 Hi/2 11'/a 11% 11% 27 y2 *261/2 271/4 *26 Vi 271/4 *263A 19% *19 19 Va *19 19'4 1914 193a 1,300 42 421/a 42% 43 Vi 5,000 Air 75 5% *100 *69 6 534 105 ♦100 5'/a 104 / 5% 100 74 *71 534 5% 100 *98 74 75 51/3 5% 101 *98 12 7,800 100 271/4 10 75 5% 4,400 101 10 1% 134 1% 134 17y8 171/2 18 17 171/2 17'/a 19 19 Vi 2134 171/4 173/4 11 Va 18 17 17'/a 17 19 191/4 21% 331/2 36 % 37% 40 <38 40 8.200 24 24% 24 24% '241/4 2434 4,600 75 *72 75 24 34'4 % 24 '/a 76 •8% 155 83/4 155 •12 '/a 14 341/2 24 1% 35 75 8% 134 *33'/2 24% *72 . 34% 24% 24 Va *72 8% 75 *72 11/8 75 1% / *72 2 8'/a 8 q/4 8% 8% 156 156 8 Va 1553/4 156% 1561/2 1571/2 157% 157% I571/4 14 *121/4 14 *121/4 13% 133/8 13-14 211/2 21 21 201/8 21 20% 201/a 20% 20 34 10i/2 10% 10% *121/4 10'4 !:■ 2% 134,000 22 52,700 21% 19,200 13% 101/a 101/8 10% 84 84 841/2 841/a 84% 84% 841/2 84% 400 34 33% 34 335/8 34% 34% 35% 9,200 20 19'/2 I91/2 19 3/8 19% 19'4 191/4 11/8 *1% ♦18% 1% 1% 1% •18 Ms 20 '/a 1% 1V4 1% *19 * 1934 103'b *19 10H 9,300 300 20 Allied 5% Stores 1% 1% 1% 1% 400 80 80% 80 80 80% 80% 80 3/, 80% 1,100 Amerada 27i/4 27'4 27Va 271/2 271/4 27 Vi 27 27 27 27% 27% 28 1,900 Am •621/2 631/a 633/8 641/2 64 64% For footnotes see page 1627. 631/2 20 641/4 *185/3 641/4 20 65 *18% 64 6% conv 20 641/3 3,200 Sep 48 3/4 Jan Nov 5 50% Apr 7 Apr 7 5% Apr 8 Va Mar 29 21% Mar 30 45'4 Mar 1 1834 Jun 263/4 Dec Dec & 67 8 8 Jan 28 33/s Jan 7 85 Jan 25 7S„ Jan 11 par 69 Oct 4 Nov 30 6 1% Mar 2 69% July 100 Mar A 2,/a Apr 30 94% % Jan Feb Oct 3% Apr 6% Nov 2 21% Apr 29 3% Apr 6% Nov Apr 40 29 9% 11 May 22% 57% Nov 73% Feb 3% Apr 7i/« Dec 118% Apr Apr 64 Jan 15 2534 Apr 5 73 Apr 17 7 Jan 19 934 Mar 31 par 5 140% Jan 9 159Vt Apr 2 103/4 Jan 8 13Vb Apr 29 16% Jan 4 23 Apr 17 2 10% Apr 100 7334 Jan 7 84% Apr par 2614 Jan 7 36% Apr No par 6% Jan 8 28 16 Jan 30 Va Jan 19% Nov Jan Jan 14 2 28V2 Mar 26 1834 65 25 y4 29 81 Apr Jan Apr Nov Apr 23 27 Nov 6% 1434 x67 Jan Jan 16% July par 52 12% Apr 22 par 10 Jan 64 No 50 . 17% Jan 7 % Jan 13 13 % Jan 20 149 Jan Apr 4 No No par -_1 Jun May 10 11% 8 21J/2 Mar 10 2 Mar 8 20 Apr 21 81% Jan 17 No Jan 11 13 No par No 17 Jan lS'/a Jan 100 Dye Inc Jan 5% Jan Mfg Airlines 61 Apr 1 ("Del) 41% 100 gtd Petro Corp Apr 10 war No par preferred 29 Va 7% Apr 75 Dec Mar 16% 30 Corp Agric Chem American Jan 39 41'4 Jan 22 Amalgam Leather Co Inc 201/2 80% * 2 ' 80% . 5% Jan Alpha Portland Cem ♦181/2 43 100 preferred 80 *18% 100 No Co Allls-Chalmers May war Allied Mills Co Inc 80 20 10 Industries Inc Kid 33% Dec 31 43 13 $2.50 prior conv preferred-No par Allied 7,100 113 Mar 31 355/8 Jan 23 28 100 Alghny Lud Stl Corp Allen Mar 2 Min Albany & Susq RR Co Allegheny Corp 5%% pf A with $30 5% % pf A without 200 13%, 22% 84 10% Gold Chemical 34% 1014 Juneau Dec May 6 Vicksburg Ry Co 51% 37 104 7% Jan 10 $ per share 63% Mar 12 112% Mar 13 25'4 Feb 143A Jan 383/4 Jan par share 4 par No per 23 par Corp Allied 33% *8214 & Feb No Reduction Inc Alaska 110 $ per share No Corp 2,000 159 20 34 Express Adams-Mills Ala No par 25 Alleg & West Ry 6% 500 8% 34'4 84 *191/4 20 '/a 8% 21 »/8 34 '.4 *201/2 8% 10»/2 •82 2 . Adams 51% Jan par Lowest Highest $ per share 100 Address-Mutigr 42 % V 11% *261/2 No Co 113/4 12 Lowest preferred Steel Year 1912 Highest Range Since January 1 Abbott Laboratories Acme Range for Previous 1 , Par *2614 27'4 1 STOCK Abraham & Straus 1% 34 YORK EXCHANGE 4% 17 3A •72 NEW Shares 59% 111'A *110'4 1134 105 $ per share Sales Apr. 30 Apr. 29 $ per share share 11% 5% tSale of registered bonds, all others are coupon issues. STOCKS Friday Thursday Apr. 28 27 •100 Low $1,000 units RECORD PRICES Wednesday 19% •68 In •Odd lot sales. Tuesday Apr. 27 Apr. 26 per share sales $1,000 units NEW YORK STOCK •58 Va \ (Close Total \ 1952-54 Total 'sales In ♦109 sales in $1,000 units sales In $1,000 units— (High $ Low .Close (Close 2Vis, High 1944-52 units 1950-52 Total Low sales in $1,000 units—— Home Owners' Loan \ Low (Close 2 Vis, —' Close $1,000 units sales In $1,000 [High .] Low 1944-49 f High Total $1,000 units High 3s, [Close 2Vis, 1949-53 In Mortgage (close {.Low In sales Farm Total sales in $1,000 units (High sales C High •{ Low [Close ' 3V4S, 1944-64 Total sales in $1,000 units 1948 $1,000 units 1948— Total 1 $1,000 units 1945 Total in ' Close 2 Vis. sales 110.8 (High 2 Low • 110.8 (Close j Total sales In 1953-55 Total sales In $1,000 units ■w- units Close (Close Total in $1,000 (High [High j Low 2Vis, 1960-65 Low 109.26 In $1,000 units 2Vis, 1958-63 1951-55 23, 109.26 [Close Total sales In $1,000 units 109.26 (High \ 2Vis, 1956-59 10C.15 $1,000 units (High - 100.15 1949-1951- Close Total sales In $1,000 100.15 Low Close (High Vis, 1948-51 H Au8 1% 11 Dec 181/8 43 Mar 70% Oct Jun 24 Nov Apr 58% Dec Jan THE COMMERCIAL & FINANCIAL CHRONICLE 1618 RECORD NEW YORK STOCK LOW Saturday Apr. 27 $ share per 16 15% 15% CO n" *58 8% 8% *34% 38% 59 7% 7% *78% 8% r8% 8% 8'% 8% 35% 30% 36% 30% 34 »A 175 * 68% 34% 33% 34% 34% 35% 68% 67% 67% 68 69% 23 105'A 106% 105% 100% *21 VB 25% *21 % 25% 9% 9% *16'A 16% 9 103 108'A 2% 10 .. 26 4% 4% 33 63 62'A 'A 45 62% 8% 8% 8 6'A 6'A *6 83 6 '<• 8 . 4% 4% -m 4% 70% 71% 17 % 16% 17% 62 63 34 •: > 4 .';'y * S; 63% 3% 3% 33% 4 3% *6% 37 37 64 38% 64% 64 3% 3% 3% .',••• 8% *43 8% *6% 6% 64% 3% 45 *43 8 8 6% 34 3% 45 *43 y 33% 4 37% *36 63 % 34 : 6% 43 414+ 13% 14% 13 % 14%, 13% 13% 13% 99% 99 99 98% 98% 98 98 % 97% 99% 13% 13 % 13% 13% 13% 13% 13% 13% 13% *41 13% 8% 8% 25% 25 % 122 *119 %y ' *24% 3 2'A 32% *8% * 24% 11.9 % 32% 32% 8% 8% 24% 9 24% 122 *119 119 32% 8% , 24% 119 32% 32% 9 9 24% *41 43 *41 43 24% 32% 32 V 2% 2 s,8 9 4 32 American American 1 :2,900( 25 4 A :1,J00 *120 '.A ? 2% 32'% 2% 2% 2% 2% 2% 2% 32% 31% 32% 31% 31% 31 31% 31 31% 31% 31% 29% 29% 28% 29 % 28% 29 28% 28% 28% 29 28 29 8% 8% 8% 8% .8% 8% 84+ 9 *166 172 13% 64 * 63% y 14 13% 64% . 172 166 14% 'A-' 13% 64% • 166 166 63% i * 8% 13'A 64 134 a 13% 14 V4 14% 13% *15% 16% *15% 16% 16 16 31% 31% 31% 31% 31% *31 43% 43% 43% 44% 43 'A 44.. 13% 14% 16% 31 Va 150% 152 151% 44 % 44 Va 149 2 5'A 24% *14 \ 44.... 44 ./v ; . 151, 25% 24% 15'A *15'/a 43'% 43-% 43% 150% 151% 151 16% *31 43% * .150% 4%% 25'A Amer 20 , Jan 6Va Jan 154 Feb 10% Jan 54 Jan y.18.50 Co_——No par 15 15'A 2,100 17 16% 17 16% 16% 16% 16% lt> Va 16'A 16% 16% 1,600 American 24% 25 25 24'/a 24% 24% 24% 25 25% 25% 1,700 *102% 104 27% 103%. 103% 28% 28 144% 145 54 145 54% 54 5 5'A 54% 55% 1.04 30% 10.4 30% 145'/a I.451/2 . 5 4'A V . 55% *105 30 *29 •1*29 145% 53% 106% 54 106 54 106 30% ] 400 •1,300 Am 11.500 Amer 54 % 54 % 147 35% Jan ' 145. Feb 19% Jan 4'A 54% 54% 55% 139% 139% 139% 140'% .139% 140'A 10% 10% 10% .10% 10% 10 % 10% 10% 10% 10% 10% '7,900 38 38 Va 38% 39% 39% 40. 40 40% 40% 40% 40% 41 "a 11,500 118% 118% *117% 118% 118% 118% 200 7% 8'A 139%. 139%%: 139'A 119 *118% 8!4 8'/a 77 77 *74% 7 Va 7% 71% 73 *118% 7% - 119 7% 8 *74% 76 8 7% 8 7% 72 72% 73 % 72 72 6'A 71 6% 6 *50 53% *50 29 29% 6 1 8 6'4 6 % *74% 7% 71 6'it 8% 6% 5% 42% Jan 2 Am American 4,900 1st $6 ^ Wks Water 74.300 3,700 2 Corp,; preferred v 200 10,800 6! 3 14 127% Jan 43% Jan - Elec—No & 27% 52 52 29% 29 'A 29% 29 % 27% 27% 19 Va *18% 114 •111 *18% 13% *13 *12% 2% 2% 2% a 110 58% *62 65 ' ♦109% 5%./ - > 59% 65 19 Vb 5'A 58% *62 12% 2% 2% 58% 65 39% 110 110 5% 3% 39% 39 % 191/8 £ 110% 5 5'/a 58% *61 12 % ■ 3 110 58 64! 34% 34% 34% 34% 34% 34% 34% 34% 8% 8% 8% 8% 8% 8% 8% 8% *8% 8% 8 Va 8% 10% 11 81 81 8% *96 : 10% 10% 81 8% 100 *96 100 81% 8% 100 8% *96% 8% 100 *10'A 10% 81% 81% *81% 82 79% *76 79% 33% *33 34% 10 10 12% 115% Jan 8% *96% .55% Jan Si Smelt :1 . : 2,700 J 330 *6"/ 1st 77% 20 t7'% 2d 55 55% 54% 55% 78 77% 78 % 77% 78 78 32% 34 27 55 *53 22% *53 22'% *107% »-* O CO £ 11% 10% 60 % 5% 17 'A % *53 55 *103 »/8 55% 53% 54% 78 >V 12,800 33% 34 % 27% *28'A 29 % *53% 55'% 100 22'A 22% 5,200 55 55 22% 22% 22% 22 % 107% 107% *106'/a 107% 107% 11% 10% 11 11 114a 11% 52% 52 52% 52% 52% 52 'A 61 118 11% 4 %. *47% 49 5% 5% 17% 17% .5' 17% 59% 60% 59% *118 120 *118 12 12 *12 *3% 4% *3% *47% 48% 48% 5% 5% A 5% 60'A 120 12% 4% 49 5% 59% 60'A 59'A 118 118% *118 *12 12% *12 *3% *47% 5%' 4% 49 ; a 7,700 700 y 310 107'A 12 9,500 600 52',4 60 1,010 150 12% *3% 5% 5% 230 120 48'A 5% 105 1,100 4% / 54 a 130 38,500 — 100 -1 — Dry Goods—___— preferred.— -.—.100 preferred100 No Topeka & Santa FeJ„—;_100 5% 100 preferred. G 18 % Oct 7% Dec 22% Dec Jan 100'A Dec 16'A Nov Nov A"/ 3 Jan ' 3% May 7% Nov ,16V* Jun 25 Va Dec V , 18% / Dec 2 Jan 49'A, Dec Jan Dec l'/a Jan 8% 10% Jan 42% Dec 25 Va Jun 35 Oct 2!4 May Sep y 3%. Jnn -. 36'A Dec 2 114 Jan Oct 56 Apr 1 preferred Atlantic % May t4r!c pref series A conv Atlas — Corp 6% preferred.. tAtlas Powder....r.No t5c!o conv Atlas Tack $5 preferred Nichols —-No : prior A.—..: of Del Aviation; Corp ^ . > . 8 Jan 4 Jan 7\ Mar 16 Jan , 4 50% Jan 14 52 Jan 9 113 Jan 12 7% Jan 7 2% Jan 21 44 18% 106 6% , par __100 -No par Corp—— Jan par 9% 5% May Apr / 57'% 24% 111% 12% Nov Feb 26-V8 Jan ii ■ Jan Apr 26'A Apr 22 -3% Apr 142% Jun Jan Jan 6 'A Nov 165 Jail 12 Jan 9'/a May V Apr 59'/a Oct 4% Mar 9Va Nov 52% 6% 24 132 % 29 14 Va 35 Va Jan 43 Jan 148 'A May 36'A Apr 16% 144 Jun 9% Dec Feb May 35 Va May 2 Jan 21% Oct Nov Feb 12 r Nov Mar 12 Oct Mar 2 l'A Jan 78% Mar 97'/. Jan 23 Aug 7% 15 17 % 101 % 33% 8 5 34% 120 Jan Jan Apr 134% Jan Apr 49% Jan 50% Jan Apr Apr 1% Apr 143% Jan 7% Nov 33'A Dec >'■ 116 Va Jan 4 Nov 70'A Feb 3% Dec 5% Jan 51% Dec 76% Jan 3% Apr 38% Jun 39 Aug 22% May 24 Dec 12% Mar 107 May 7% May 1 Mar 30 27% Apr 12 102 V Sep 5% 50 - Jan Jan 28% Jan 30 Jan 17 Jan ,112% Mar 12 'A Oct .'•> 1% July 36 Dec •111% Mar Sep 4 Vb Jan 42 Sep 67% Feb 40% Oct 66 21 Jan 33% Dec 5% Mar 8'A Nov 2% 6 6 30 8 31 30 8 12 12 n 23% Mar 119 15 Ve 7% Apr 7 54% Mar 30 31% Apr 8 31% Apr . 12% 6 28 24 8 30 27 27 Dec 7%. r Feb Ja % Mar .. Nov Nov 12% Jun 7 30 18 7 27 'A 10 'A 91 Apr 21% May Jan 40 4 113% Nov 7 . 16 .. Dec 37 Mar 2%. Apr 4% Oct 8% Apr 30 77 Apr 24 8% Apr 23 74 Apr 25 , 24 Jan 4 29% Apr 16% Jan 5 20% Mar 111% Jan 20 116 Mar 10'% Jan 13 14% Apr 1% Jan 5 V 3% Feb 34 Jan 11;'., 41% Apr 108% Jan 2 112% Mar 3 Jan 2 5% Apr 46 Jan 2 59% Apr 49 Jan 20 67 Apr 30 Jan 2 36% Apr 6% Jan 9 9% Mar 4% Jan 7 9 Apr 92 Feb 27 101 Mar 6'% Jan 4 11% Apr 72'% Jan 11 85% Apr 59 Jan 7 82 Apr 29 Jan 5 33% Apr 100 Jan 4 103% Aor 44% Jan 7 57% Apr 66 Jan 2 79% Apr 26% Jan 13. 35% Apr 19 —100 —25 100 5 -50 : Refining 2 25 136% Jan 27 . 100 W I SS Lines. & 5% RR Coast-Line Atlantic Atl par 100 preferred Atch * Austin 50 — Assoc Investment Co.. 17,600 78 10% *4 49 5% 22 % Associated 200 78 *52 V8 11% 4 % *48 55 108 A 35 > 103% 60% 11% *4- 22% 106% % 27% *33% 11% 118 119% *11% *53 103 x54% 33% 52% U„ 60 Va *118 22% 108 33% 52% I 52% *52 55 22% 108 *76 Corp Corp..; gtd—100 No par V -.100 No par .5 -No par Co— preferred 10% 55% 26% 7% 82'A 77% 27 Artloom 76 55 »/4 26% 3,800 10% 78 27% 9 ICO 82 55% 27% 8% Cork Constable 79% 78 28 Arnold par 5 preferred—-—— Armstrong 11,000 ; ■ pi 7% prior preferred 10% 55 Va *27'A $.6 conv +7% 82 103 32% (Del) No of Illinois 10!A 103% 32% Co Co 8% y Mldl'd— & V No par 20 5 Mining Daniels 24% Jan . 5 Jan ; 2 42% Jan 11 par Corp—12.50 Armour & j 2,500 4 40 li2,100 No Cable-— & Paper Co Inc... 82 *101% 32% Armour W P *96% 8% 100 103% 32% a, 000 i: 900 20,200 35 8% W preferred— Copper 5% 35 8 7,, *101% 33 5% 34:i 34 Va 32% Andes 700 Archer 59 % *32% 32% $5 div 110% *110 1 Anaconda A 2% 41% Dec Jan 10% Apr 6 V/y/3% Apr 22 Apr 41% Apr 30 108'A May 119 Jan 26 7 2 5 VV 4. ^—25 Copper Mining——50 Anchor Hock Glass "3,900 24a 67 34 Va 32% ' 13 % 59 *32% 103 100 40% ' 103 1,000 f 8 3% Jan 53% Jan 3% Jan par prior conv preferred—. Anaconda 320 : 66 79% 103 -j 19% 64% *78% 33 'A 27% 114 *12% 5% 79% *77 - 40 *76 ;> 194 a $5 400 16.200 142 6 —.100 - Amer Zinc Lead ■I 52 29 % 58% 2 34% *95% 27% ' 114 110 5% 64 19% * ■ 29 % 3% 39% 58'% 52 'u % 114 114- 12% 29% 28 *27- 19% 114% : 52. 28% 29 27 19% *114 13 % *2'A 39 27 27% 114 13 .. 2% 5% 59% 59 *62 13! 110 5% 5y4 19 Va 114 39 110'A 110 27% 19 % *38 39 39 27% 114 *111 *50 53% 28% Jan Apr 54'/a Mar 55% Mar 2 32 par No Woolen Preferred V - 14 100 • 51 *50 Jan Mar 103 May 7% Mar 3 30% Apr 148% Apr 30 V; 6% Jan 14 -No par preferred 106 2 129% Jan y —.100 Foundries Inc.— 10 Viscose American 26% Apr 5 21% Jan 100 B.——^25 class Amer Type 8 !A 79 Jan par 16%-preferred 'i'— 690 15% Apr Apr 17 14 ——25 Tobacco.. Common 3,000 '• 72'A 8% 77 77 55'A 140'A 140% • 8'A ' 74 55 - 8% -7% 77 7% 8% 6% 6% 6% 7% 119 5 *74% 77 8 70'A *118 'A . 54% 26% Apr 2 91 Apr 151: •; Mar 9 Jan 17% Jan - Telep & Teleg Co.— American 45 6 12 por Apr 22 Apr 22 Apr 5 Apr 5 Apr 6 Feb 17 .2 11 us Mar No par — '1,300 . 20'/a 110 92 F'eb 19 15% Apr 6 16% Apr 29 32% Mar 23 47% Apr 1 155% Mar 15 2 Tobacco-.-—__No Sumatra 33 30 9% 3 167% 2 .15% 2 64% 2 -100 Co—-——No Stove „ 6 Sugar Refining———100 Preferred 100 148 'A 30 147% 54% 25% Jan May y 3% May 33% Apr 24 2% Feb 15 5 5 7 1 - American Stores—. % 30% 145% 146 15% 10% 139 54%- 15% 15% 105 105 30% 146 54% 54 . 15% 121 2 2 4 8% Jan American 15% 73% May 151 14% Mar 17 4 12% Jan preferred y : 100 Foundries——^--No* par 6% 17 15%. Oct Jan Mar ; 69 14 9% Mar 29 27% Apr 7 4 27 Jan 37'/a Jan 144% Feb -No par No par Arn^r Steel 7,500 Jan 18% Jan 16% Jan par Razor American Snuff - 24% 15 Dec 33 35% Mar 46 Feb 23 6'A Jun 15 Apr 1 Jun 101% Apr 16 /'.•V;;65 116'% Jan 29 x26 par —100 Ship Building Co Smelting St Refg... tPreferred 710 400 5 —23 :5,600 25% —No preferred— conv . 12'A Jan 7 7% Feb 11 ._y—100 44'A i 16 105 4% Mar 31 20'A Jan Rolling Mill—————25 Seating 44 Dec 74% 55 % May 48 Mar 26 9 Mar 30 7% Feb 2 par No — Safety 150% 2 2 2 ——100 Preferred American 700 149 25 Am preferred- American 44 7 20 preferred— -—No par Red & Stand Satvy——No par American *144 24% 25 $6 tAmer 44 Feb 176 May- x36% Jan 2 par Co— 320 149 20 Mar 29 39 . 37% Jan 11 4% Jan 2 Light-—No par Power Si Amer $5 News 300 144 Jan 3% Apr Apr 32 Va 53'A Jan No — preferred.——y. ; *43 44 Oct) 33 130% Mar 64% Apr 30 .5 —No Ltd ; 16 Va • Fdy Co_—No por 41,840 13% Jan 81 '/a Jan Metals- - 14,100 63% 6 39'A Jan :;7%Jan & 30 ; 14 % l'/a 1 4% Apr par Mach 31V, 13% 16% 149 24% 63 % 31% *43 25 13% 134+ 16% *31% *144 ■, 149 *1.44 i37 j; . 36% Apr 100 : - Metals Co :7,300 167% *166 167% % : 31% . 42% 152 151 43% 149 25% 15% 14 152 43% 149 *144 . 84B 64 'A 64 64 % *15% 14 14'% 63% ; *165% 166 166 ' 1.3% 8% ' ; . 4 5'/4 Jan & 6% 32,600 , . 23 -50 —No Locomotive American 26,700 8% ' 2% Nov 6 ;/ Apr 159 Apr 8 Feb 6 Apr 7 Apr 12, Apr 2' Mar 19 V Feb 24 Feb 25 Apr 26 Apr 5 Mar 3 Apr 5 28'A Apr 1 4% Mar 12 72 Mar 12 16% Apr 15 65 V* Mar 12 2 __1 Amer :7,400 2% ,.y Amer 800 3 2'/8 ' par Mach Amer 20 ( • Ill___ of Co preferred conv Preferred 1,500 • 122 32% 2% 5% American II.600 134a 9 >■< Oct 49 Apr- . 56% 17 Feb 35 preferred——.100 Corp ____No par Invest American 10 99% 9'A Apr " '700 ;"■■>■• 23 120 Mar 24 : 2% Jan 30 • —1 .——JVo Ice Internat Amer 4,700 ,9,200 9 1% Jan 38% 72'A 24% 111 -110 V 23 9% yy 18% 103 23 V 3'A 10 46 Va Jan 18 _:7 Jan /6 39 V Jan 6 50 Products.—: Home 6%non-cuni 14% 25% .. 1 Leather.. & preferred conv .1,500 i 8 % 6% 6% *2,800 42. Jan 27 Jan 8 Jan 2 Jan 8 .24% Jan 21 par Hide 34« % 97% 15% 1% 6% No par No par No par preferred A Jan 19% Feb I 6% Jan 26 143/<» Jan 2 Hawaiian SS Co—____10 99 % 24% -No Power preferred-^^ American 64% 6 % • ._„_.._10 $6 preferred • 1/400 / 109 Crystal Sugar_^__i._-__10 American 134+ 120 120 122 % 85% Feb 177 9 22 96 / Feb 4 100 ;3,500 14 Vn x' par <1.400 4 45 *41 $7 $7 2d •:800 334', 38 . 22,400 • 8% ! 14'A *98% •" 414+ 14 % 43 '3,500 62 <A Inc.—No Colortype Co For-'n it Amer 14,400 16% 100 preferred: Jan 24'A Jan 6 64'A Feb 15 18'A Jan 5 par 1st-preferred__-./_-« ;„100 Distilling Co^_-.„___-L»-_^20 Tiling.^,——1 Amer European-Sees^No par American Export Lines Inc 1 100 44., No Fdy—_ Ame- {1,800 71% 71 02%' 14 Va *41 4% 25% 2 173 American'. Encaustic 600 f. 9% 25 % 71% 8% 8 "6'A % *9 I , 4 6% . J, 700 16% 45 *43 •L *2% 26 4% 38 3% 3% 45 : ■ 2% 61 % 4 62 Va 63 3% ■ 10 .22 9% ■ 70% . 105 22 16% 34 *36 38 *9 ' 20: *102% /' 61% '• 4 - American 16% 34 :7 T.500 2% 2 sham Jan 3% Mar ; 9% Apr 8 40'/+-Mar 15 132'A Apr 14 7% Apr 26 4 20 Coal CO of Am •2,400 22 38% 3% Jan ChiclB-BBBBiNo par AUegh, Co N jy___25 tAmerican 25 9% 105 St Cable <fc conv 16 'A 2% 4% 70% t5Tc 750 , Car Chain Am 60 108% Mar 27 58'/a Apr 12 71% Jan 100 Preferred T— 2,100 23% 63 16'A 4 *43 . . *61 33% *33 4 *3% *43 11 Va 63 3% 4'A 70 American 2,700 , 17 5 127% Jan ,__25 —_ t Preferred - 8,900 35% ; 5 5% " 630 175%: Can 9% 21% 9% American 1.800 16 % *102% 26% 27,700 'u A Corp Highest $ per $ per share $ per share 8% Jan • 50 Ji 1912 Lowest 47 Jan 4% Jan 27% Jan ——10 —. ; _ Bosch 9% 2% 26% 130 7% Note Brake Shoe <fc Fdy 16% % 16 105 Am American 21% »q 9% 26% 7. - 25 % 2% 2% 9'A 4% 9 21% *102% -- 26% > 70 33 % 37 37 2% 26'/a 16% 4 9% 16'A *2% y 10 *61 33% 3% 9% 16% 22 4% 64 9'% 107% *21% yy American 110 110 1054V 10a 25 16% 105 70 16 % 16'A *62 *21% 23 'A 110 Bank 1 —Nopar 5V*% conv preferred 100 Amer Cable & Radio Corp 1 I,200 2,100 81- $ per share Par for Previous Year Highest Lowest preferred. 8% 71 *21 106 % 106 ' 35% k; 70 23% *109% 110 9 !A >. *21'/a 26% 70 70 • a 23 '/4 23% *109% 16% - >102% ■ *9 / 25 V. *21 Va 22 22 2% 2% *9 : : 103 103 22 V8 ^ 106% B 110 *109'A y 91 22% 22% 23 % 110 ' 26 175% (11 Va '/4 110 16% 80% 175 34'A 23 *22 174 6% -380 Range - Range Since January 1 ' . American 4.400 131% 7% 69% 111 *101 174% *130 35% 23 9 174% 175 175 37 79% ;.y , 37% 8% ; 131 79 % : 16% : STOCK YORK EXCHANGE Shares share 58% % 7 7% 79% 68 *110 16% 7% 79% 34% 34% *68 7% 79% 7'A 79 175 131 133 *131 131 131 79% 175 : 35% 7% 793+ per 16% 59 8% 131'A 7% the Week 58% 16 59 y. $ share per 15% 15% 58% *58 58% $ share 35'A 79% 175 per 15% 15% 58% 36 131 $ share per 15% 8% *8% *35 135 *13 l'A 15% 58% -yf $ share per Apr. 39 Apr. 29 Apr. 28 Sales STOCKS- ■ NEW for Friday Thursday Wednesday Tuesday Apr. 26 7 PRICES SALE HIGH Monday Apr. 24 $ AND Monday, May 3, 1943 - 2% 79 ; 4% Apr May 4% 82 Apr 6% Jan Oct July Jan Jan 61% Mar 77% 53 Jun 83 Jan 29 20 Jan 28% Dec 29 6 8 81% Jan- 100'/a Dec 27% Jan 53 Oct 60% Jun 72% Oct 5 19% Jun 34'% Oct 6 16% Jun 34 Jan Apr 6 Apr 6 Mar 31 Apr 5 53% Mar 6 65'% Feb 15 120 Apr 13 12% Mar 26 4% Apr 5 50% Apr 19 ; 6% Apr 8 45'A Jan Apr 23 'A Jan 99% July 109'A 33 14% Mar Feb 6'/+ Sep 7 Jan 46% Apr 51 Dec 43 May 70 Jan 111 May 116 7 Apr 9 Va l'A Apr 3'A 31 Jan Jan Dec Dec 3'/+ Jan 2 13 10% Jan Apr Jun 4% 9% Jun 14% Jan 10 5 2% 17% Apr 28% Jan 15 Va Apr 2% Jun 4'/. Jan 14% Apr No par (The)' X 4% Jun 7% Jan 6% Jan Jan B 9% 9% 9% 8% 13% 12% 9 13% 13 17 12% 17% 9 13% 11% 11% 12 12% 12 12% 53% 53% 53% 54% 53 % 54% 16% 17 8% 9 12% 13 11% 53 16% 8% 13 5.500 y 18% 19 4.400 18% 18 % 18% 18% 8% *8% 8% 8% 37% 37% 373 4 37% 37% 37% 17% 17% 17% 17% 17 17% 33 17% 18% 18% 18% 18% 18% 18% 26% 26% 26% 26% 26% 26% 26 26 *29% 29% 29 V8 29% 29% 29% *29 *28 *28 29% *102% 104 29% *103 104 29% *103 29% 104 104% 29% *103 11,500 12% 8% 104 13 % 53 % 18% 104 Baltimore 11% 8% 105 Baldwin Loco Works v 21,700 53 'A 18% *103% 13 16,500 9% 12% 8 Va 105 17 % Va 53% 18% *103% 9 12% 8 Va 28% 13"8 17 53% 18% 18 % % 12% 18% 16% .9 53% *7% *37 17% *37% 16% J.8% 18! 2 8 % 8% 8%. 600 38 38 39% 290 17 % 17% 17 3 it 10,200 18% 1.8% 18% 26% 26% 26% 29% 29 29 104% 104% 104 !a '2,100 26% *29% 29','2 *28% *103 30 104 104% "28 !2 104 preferred—-—_—— 100 Si Aroostook, „ _50 5% preferred —100 Barber Asphalt Corp.. —10 Barker Brothers —No par 1,200 B 104 % 30 % 500 7() 50 . 104 5'A Jan 12% Apr 4 Apr 34% Jan 54'A Apr 22 Jan Works Corp—— 1 Inc i—No par Creamery—-—.—25 t$5 preferred w wNo par Bath tBeech Creek Beech-Nut Belding-Hemingway XllVA 11% *10% 17% 17% 17% 17% *17% 17% 17% 17% 17% 18% 18% 38% 38% 37% 38% 37% 38 37% 38% 384* 39 38% 38% 5.500 Bendix 15 14% 15% 14% 14% 14% 14% 14% 15 15 15% 1,600 Beneficial *54% 55% *54% 55 % 55 55 29% 30% 30 % *30% 30% 30% 30% 14% 13% 63% 64% 63% 115% 115 % 115% For footnotes see 14% 64 page 13% 14% 63% 115% 1627. 63% 116% 116% 13% 62% *116 14'A 63% 117 *54% 55% 30% 30 % 14% 63 116% 14% 64 % 116.% : 18% , 2.700 Bell 50 RR— 100 400 11% Packing Co—.—20 Aircraft ——No par -.1 Corp ' 55 *30% 14 64 1164a 55 200 Pr 31% 800 Best Indus Loan— No par pfd $2.50 div series '38_No par & Co__.+. —......No 26.400 Best 14,700 Bethlehem 700 Steel preferred par 33'/a Dec 39% Apr 17% Mar 29 8% Jan 12% Dec 20% Mar 22 12 Vb Jun 18 Va Jan Apr X23'A Nov 7 7 24% Jan 16 30 104 Apr 27 25% Jan 25 15% 27% Apr 5 29% Apr 26 20 Mar 16 103 • 114 29% Apr 27 23% Apr 26 Oct Mar 105 Oct Jun 30 Feb Jan 12 Apr 30 4 11% Apr 21 Apr 6% May 110% 9'A Jan 9 Vb Dec Jan 2 20% Mar 16 9% May 17% Nov 28 'A May 39% Jan 15'A Nov 93 12 104 64 Jan 4 39% Apr 6 13% Mar 17 16% Feb 25 97/s May 55% Mar 25 46% Mar 54 Sep 31 % Apr 2 17% Apr 24'A Jan 29 8 Va Dec 8% Dec 34% Jan 54% Feb 23 22% Jan 7 8% Jan 5 55% Jan 7 _——100 110% Jan 4 —. 24% Aug 2 (Del).—.—No par Foods—— 14% 64% 1167a 1% -5 Aviation. Nov 4 23 Va Jan Cigars 11% Dec 6'A Jan 13% Jan Iron Bayuk Dec Apr 4'/a 8% Apr 12 Va Jan 30 5 Co——: Beatrice 11% 13% Oil 13 36 13% 6'/8 Mar 19% Apr Feb 5% Jan .-50 5% %. preferred— Barnsdall *11 29% 12 ... 11% 11 Jan Conv *11% 55 % 6 4 % 11% 15 3% Jan 100 Bangor 11% *54% t c Ohio. ~ 2 9'A 104 360 & 14'/a Apr 69'/a Apr 6 Feb 24 117 49 % May 105 July 66% 121 Jan Jan Volume THE COMMERCIAL & Number 4173 157 FINANCIAL CHRONICLE NEW YORK STOCK LOW Saturday $ HIGH AND Monday 33 33 ♦18% Apr. 27 $ per share per share 19 SALE Tuesday Apr. 26 , Apr. 24 33 19 33 33 for •A1' ■'/• 877 877 •16 1677 *11% •90 94 33% 33 3a 35 V8 18% 18%' 19 87a 8 % Black ; • 94 18% 18 Va 187a 5374 -53 V* 53% 52% 52% *52 37 90 91 91 A *8977 45 A: 45 A'- .8977 45'"; 45 2277 : 22% 23 %' ..*43 ' 22% ,'*43% 23 26% : 26 26'% 32% 3277 5% 577 34% 34% : 45 22% •41% 42%,; 41 % 1974 41%': ' 26% 26% 2677 32% 3277- 33"-,A-' *5% '"578 ,577 *34% 35% 34'4 34% 34 Va 24 24% 247a 11% 1134 11% All 77 26% 26 % 2677 2677 42% v 41 41%/ ■, "hi ■ A: 42 42 43 *42 *41 % 42 A % *ii l ,'vt «'l!l %' . .1 ■ A - .A;A- A 1 A. .1 "•:' 1 !%',•;•' .•/;;• 1-- 1" 13% 13% 13% 137% 37%'; -37% 37% *37% A* 16% 38% *3777 38 '/«. 38% 39 /•/"'•'••. 1677 1677 : 16% 17 8% 8% 8% 8% 8% 854 112% 112 Via 112% ♦110% 113% *111% • 16%/ " 87% *110% - ; 877 877 ' - '. ; 17 ■ 700 A 13 ,1 91% Jan 12 par \ ...No 38'% Jan 2 A 17 8 * par 1 1 *• Jan 15 22% Jan 2677 Jan Bearing Co-^ 28% Jan 97 '• ■ par A- Dec 1974 Jan 77a Jan Jun 14!% 8 Jan 12 58 , Jan 75 Dec 21'% Jan Z July ; 13'% May 54 Apr- 95 7 25 May Mar .. 20 72 May 95% Feb 43 No No par ; No par \ 4677 Mar 16 3077 Apr 4074 Jan 13'% May 1877 Mar 17% Jan 2274 Dec 28 74 Dec 30 27 Apr 30 337/7 Mar 29 6'A Apr. A 35 3 Apr 1974 2477 Apr No Bucyrus-Erie 16 May 31'% Nov 20',4 Sep 777 Jun 97a Nov 15% • 4374 Feb 25 A K 1 par Co Jan 27 9V7 2974 13 A! 677 par No par No %Al 5 Jan 8 • ••.<..'. Jan 2174 Nov 35 Va Nov 43 Jan 2 Jan 12 3 Jan 76',4 Jan 2 8 A 39 ; Jan Apr i'-. Jan 30 Apr 2 Apr % Apr 1V4 Jan Apr l1 7 1074 Nov 35 Jan 28% July 9% Apr = 29 Mar 18 974 Apr :• 7 104'% Jan jg 26 30 Mar 1'% Mar 1 1477 Apr 30 ; 2 Jan Mar 44',4 . Bruns-Balke-Collender__ 7,100 Jan 37'% Jan 7 A Jan 13 3Va, Oct , Mar xl5 12% Apr 5 2774 Mar 29 4 Jun 25 28 7 Jan 1% , 26 4 33 par - Dec 2 3'A Apr Jan 20 par;-, 29 Apr Apr 11% Apr ' 9 9 Jan 2077 Jan 15 No Feb' per share Sep 5 21% Mar 30 16 ' No 1 Manufacturing.. ' 9 L...5 1474 12% Mar 31 13 ,2% Jan • 1874 6 ' 2 5 100 Corp_j_._. .Brown Shoe Co . 900 877 41% Jan Brooklyn Union Gas 4,000 / ,T7 • 8 3A: 8% ' : Briggs & Stratton.— 3,600 39 1 ' *38 5 A Bristol-Myers Co Brooklyn ii Queens Tr_ Bklyn-Manh Transit .. • 14 3 8 ■•■•'13% '. 9% Jan 26 76 Jan 9 14% Jan 2 30 Highest $ . 1 % 17% Brass Bridgeport Brass Co 200 '% ' 5 (The) Co, A Brlggs 500 % 13% Jan 9'% Apr 5 17% Feb' 25 Brewing Corp. of America.—1 ynr> 400 '■ 13'4 ' 400 Vs 42% f 42% •- 13% 17 25 A ii No Roller Bower 197a Mar 2 CoJ Boston & Maine RR 600 11'%/' 11 % 13% 17 3477 35'% Apr 4 -—.lOO Inc__-____"__ A Borg-Warner 600 26 %V 27 . *13 17 400 / 8 Jan 6% Jan _5 preferred class Stores Borden 000 33 *24% v 13%' 16% -27 A 577- 577 Ami Co / Bond " ' •37% - 34% • 11% 27 v *42 .t;'[ 43 A A 10O 16 .No par Class- B— 90 /: 4177 4177 AvA*S2 >; % i. ■.... i!. • v 34 V2 2477 A 11% A 26 'A Bon 3277 574 A 2477 *23% 1174 27'% 260 Co Aluminum Bohn 8977 2677 26 32% 5% 26% 33 800 & per. share ;„_5 Brothers Airplane Boeing 12,500 53 5277 =5% 26 ■ 2477 ..•42- V; % -!13% 1877 53 "a 2277 2677 11% 27% ' 1 1 11% 11'% . 23 32% •'!>; 35 2477/.V >*23% V:v 45 22% 45 ; 22% , 577 1 *8954 90 90 - 45 ' ' • 2677 v 1977 18% - S per share 2777 Jan Laugtrlin Inc Blumenthal 94' ' sgg ' • 18% 34% ■: 94 *89 94 *88 <A Bloomingdale 'A] 877 577 247a 94 *89 $ per share 1942 Lowest par No Previous Year Highest No pur Co 12% ■*1174' 12% - 3 2 74 Vc '26 *1177 12% - '. 22 *32%' ; *11% 12% L Lowest No par * Decker Mfg Co & Blaw-Knox Bliss & 8977 ■' 45 22 // '11% Range Since January - Bigelow-Sanf Carp Inc 1,000 4,800 1677 *16 16% *16 16% *16 16% ; ' / Par 3,600 V 87a 877 5374 89s/a *43 *16 A 8% 1877 53 74 -■8977 678 87 a 8% 8% 12%' ♦89 1877 *5277 1 *11% • - 18% : 834 *16 12% ' 8% Range for STOCK YORK EXCHANGE : Shares $ per-share 18 Va 19 NEW the Week 32% 3277 3277 *18% share A $ per Sales Apr. 30 Apr. 29 .$ per share 19 •18% STOCKS Friday Thursday Apr. 28 ' • RECORD PRICES Wednesday $ per share 33 1874 A. 1619 29 Jan 1477 Oct Dec 877 Jan X103 % Mar 112% Jan Apr' 3% Dec % 47% Jun' 85% Dec 7% Oct 6 6 - *11114' 112!« 113 112'%! 112'% , . - 5% 5% 5% 5% 15% 5% 5% 98% 98% 97% 97% 97% 97% 97 % 5 % :57a 57a'- /A 98 97% -• .••:•• 577 , 97% / 57-4 99 98'if . 40, .J-.100 V Budd <E G) Mfg— No par 1 t7% preferred—/-——L.^100 * 5,800 /, / 300- , preferred—i„_ 7% A-/• A - •17 VV. •33 17 25'/a 34 ' 33% 33% *33 26% 26% 26 ' 105% 11% 12 5% ■■ 59% 59% 5% • 105% 105% 1177 11% 577 J57a 8 % 8% 8% 4% 4% 4% A 15 >•76 22% 27 ' 4077 t : A 40 . 40% ' 64% / / 1 'V; < 8% ;v. 8% *17% 874 4174 417 47a A 47a ; 1434 14 Va 15'A "A 80% 807a *77% 80'/4 7974 80 "80% 8i 22% 22% 21% 22 217%" / *21)% "22 2677 2677 27 56% *55 4%," x21% 6% 20% 20% 26 34 *54 3 8 36 ' 10'% •40% . Bush Va 8% 42% 45% 36 36 101 101 •124 t 125 110% 111 3 36. 42 *8 43 94 7/« 95 % *28% 29 *28 % 4% 5 4Va A. *108% 136 A 36% ... A 137 A' : ./• ; 5 107 108 138 36% 100% 125% 125% 125% 125 111% 110% 110% 110 % ;A '•■A' 2% 3 107 27a ' 107 11% 11% 11A 11% ,17% 17% 17 18 17 A 17 SA 6 % *98% 106 ' 89% 11% *5% 109 •1977 11% 6% V 111--A. 13% ' ".V: 111 197a 274 106 *98% 39 39 39 39% 6 6 6 6 % 106 • 59% 58 % 59 - 59% " 58 58a/a ;% 105 21 447a ■ ■ 577 22% 22 77 22 7a 2377 4 3'4 777 15% 1477 1477 1674 17% 12% 12% 12%/ 17 1977 1977 1974 20 4077 407-7 4077 50% 50% 50% 50% 1 19% 1% 1% 1 Va 1'% 1 15% 274 '2% ytf "A/12% 1974 19 517 a in -A"/ 77 17a 1 1% *14% • 19 Va *39 41 1974 40 19% 51% 40 Apr 1 16% Jan 22% Deo 27 5074 Apr 6377 Nov 1 % Jun 1% Jan 7 574 Jun 777 Nov 7 11% Jan 1674 Nov 9% Apr 7 1974 Apr Jan 21 2 38 Jan V 3% Jan Apr 15'% Deo 27'% Dec 33 Aug 6 V 377 Jan 8 Mar 11 9'% 31 '21% Apr 9 Apr 41% Apr 2977 May 7. 5 174 32 Apr 38% Dec Apr 89 Jan 8 77 30'A Apr 6 5 77 Apr 8 6 Apr i 48 Mar 29 30 Celanese Corp of Amer No par preferred 100 7 % 150 prior preferred 7% .' 2d Celotex 100 preferred -_100 5% Corp__ No par : preferred—;—- Central Central 100 Agulrre Assoc Foundry 111 Central —-1 preferred—100 Co—— 4% ft Lt No par tCent RR of New Jersey Central ' Violeta 100 Sugar Co— Century Ribbon Mills—, 'LsLJ*-'? Preferred v , : 1,900 Cerro de Certain-teed No par —100 * - Pasco No par Copper. * 119 Jari 4 96'% Feb 1 8'A Jan 2 V 7674 Jan 2 1677 Jan 12 ' / T% Jan 2 9774 Jan 4 3 Jan 12 13 Jan 2 3 Jan 7 98 Mar 19 x33 Jan 14 1 980 / , "6ft , Cham 6,500 Checker 6 ft 18,500/ Cab 5474 1 *77 1 1% 138 1% 1% 1 Va ! 1% 1% 1% - ■■'■•. East & 5 25 Z-100 III RR .; 6 6,600=- Class 3 2,300 %;• '•; 15 15 15% Co——No 15% 15% 15% 15Va 277 2% 274 3% 3% *14% 3,500* Mall Order 5 Co- Chicago Pneumat Tool $3 conv preferred 200 Deo Deo Apr 42% Deo Apr / 2977 82 Apr 97% Deo 27 110 Apr 12077 Jan 112 19 77 Apr 97% Deo / Apr 1474 Apr - 6% 5 90 Apr 21 66 20 Feo 16 10 377 Mar 12 =• 12% Apr 18 41 11 19 * Apr 8 8% Nov 110 Jan 3% 18 July Jan Oct Jan 37i Apr 82 Deo Jan 277 - Jan 27 : 8 Dec 7574 Jun 2'% Deo 2377 Mar 177 674 Mar 22 105% Jan Aug Feb 1% May 6 Apr • Apr 80 107'% Mar 15 104 Nov Deo 35 Oct 65% Apr Jan 105'% Mar 15'% 8 +Pr 1,500- Chic 1,700 / pf ($2.50) Rock Isl & preferred 4— 6ft preferred Chicago Yellow Cab_ 600 Chickaslia 1,300 153A 6'% Oot 3674 Jan 2 5 74 Apr 30 5% 45 29 27% 19 TOO Apr % Apr Apr Apr 274 Jun 89 Mar 16 Jan 1877 Apr Deo Oct 68 Feb 274 Deo 874 Nov 2 7 15% Apr V 1 2% Jan 1077 Jari 6 5 177 Jun 274 4 1774 Apr 5 874 Jun 1374 Sep Jan 4 13 % Apr 6 Jan 7 Va Nov 6 v 15',7 Jan 37 Jan 674 Apr • 22 6 372 Jan / 4'% —100 .No par Jan 2 Z 12 Aug 17% Jan 26 33 Apr 3974 Jan 8 47 July 62 Jan Apr * 5 40% Apr 52% Apr Jan 77 4 % Jan 177 3 Va Mar 1% 3 Mar 1 A 2'% Mar 4 U Jan 5 % Mar 16 11'% Jan 12 100 /. • 6 8 48'% Jan par —100 7 ft 100% Nov 3277 777 Jan No par 800 . Apr Nov 8% Apr ; 5 No Pacific— Jun 377 - 277 Jari :•/ div—No par cum Sep 1477 1 Jan 93 6 20'% Apr VI 5 Apr 23% 1 1974 Apr 12 18 174 6% Mar'24 ' 180! 5177 *1577 274 78 130 Jan 1 12577 Apr // *8% Jan 13 3374 Jan 2 V. 95% Jan 5 par 40 A Chicago 1,900 /A: 41 1574 15% 15 Apr /15 r Chicago Great West RR Co_——50 5ft preferred ^ 1 i' 50 10,700 ' -i /v.; A. 1 A 1% s/1% 1 Va'- / / i'« 2% 3% Nov 9 8 9934 Jan —100 — Preferred series A Chic 5,800 ; 15'% 28% Nov 30 3837 Apr 103'% Mar 2 17'% Jan No par 1 — Mfg Jan 32'% Jan • No par ; Chesapeake & Ohio Ry . / 100 4 Pap & Fib Co_ preferred 3 —1 Chain Belt Co——4 800 • Products— prior preferred 1,200 140/ /- 20 1977 51% 52 47'4 Nov 22'% July 2% May X96 7 4077 Jan 21 26 74 Jan 7 95'% Jan 26 prior Feb 6 28 No par series 37% Feb 9% Apr Caterpillar Tractor 5% 777 Nov 43% Apr Jan 25 40 Deo Mar 56 4 Jan 13 Jan 23 Jan 17 / Nov 65 Jan 1% Mar v 2 Feb 1077 Dec 10 24 117 4,400 127% 12% *40 • *5177 5177 Feb 21% July 377 Jan 6'% Mar 69'% 6 " L/Vi-A)v. 17'% •-T7V24 •.,/ 6 29% Apr ! 7 8 6 8 . 147-8- Ay // 6 G % * 7 Apr *; Apr • 45 •■•; ■." 100'%:. 8 / /. 1477 12%/ Oct 6% Apr Apr Apr Apv , 20'%; •// 44'% 17 Va 5% 16'A 83'% 2277 112 : 3,400 / / 1063A *100-/ 15 8 9 140 110 257-4 1474 . 24% Sep 6 18%/ 1.8% A: 25 . A. 59 *1977' 100% ■ Oct Feb Nov ' 777 -17 977 44 Feb 2 Va Dec 3% Jan 474 77% Jan // 6'% *106'% 45 18 197a Nov 2034 Jan 16 Oct 26 74 Jan Mar 16 127'% Jan 5,500: '. • 39'%: ' // 58 ■ Jan ——1 Co- 4,300 6!7,• « Jan 25'% 100 50 • V 106 8 6 * 12 '/a 41 .'*:%■ 1477 1477 153/4 M 25 Va A 44%' 16% 177 I'/a 1477 %v 10674 *100 57a A- 6 1674 12% *39% 177 1477 6% 7% *1% •277 24 14% 12% *51% 1 I *15% V *100 19% / 1574 Mar 25 Sep —100 2,400 - 18 774 17 *12 2 2 5 x85 Jan 25% Jan - ' 18// 39 ."■A 574 19 ? A19%. *106% 8 147a 4174 Apr 877 Apr 30 2 ' ♦40'% 77 777 6 2'/a Sep 40 4 I) (J Preferred 3,500- . II3/* ■ 57% 17 12% L ' 30 6% Jan 15'% Jan •• 6 Va' 577 20 106 A ♦lOOVa* 100% 'A 8% 64'% Apr 6',4 26 6 —5 - Case A V'' 3 is- 6% / ./;// 1,4 - / 44 100% 8 Ve 14% ' 43% *100 100'%' 8 5% Apr Jan 8 11 .:// 19'%- •A65%' 58 A' *18% 44% .4477 4394 100 , Co Carriers & General Corp 130' 90 A /: 39 Va ' 58 ' 24 ,;v 1677 77 1877 1977 ♦1057a 15% 574 1877 1974 * 8% 15 183/4 105'% 4477 100'% 8 1874 *19% •;/• .105% 23 ;•,: *997a 20 105 19% 2277 . 183-4 *18% .105 20-77 *20 Steel Carpenter 710 / 110 3/4 U'% 106 ' ' *106%/ 107 18 r577 587a ' 19 *18% •104 "105% Apr 13 6 127a Apr 4.100- . 3877 •:v:-." 234 •• 177'e 39 - 6 ~~ 58 30 77 Jan tCarolina Clinch & Ohio Ry—J:_100 160 .; *8974 11% ♦100 38% 5% 5 Apr 4 i 10 — 2,000 /= "19 ; ♦5% /• 6V7 106 38%' V: 107 ' •; Apr 30 4 5.. •/;. 1377 %_100 //29% 25 637 No par 36'A 1 4'% Ry—; 1,900 101'%' 125 r ; 1337 • 8974 1977" 11 Va ,11 6 Va 6 Va 1374 : 2% /-,27'aA 107 ; *5Va 39% 574 13 Va 89% '1977 17% *100 38% V A 2% 167a 6 % *5% 1377 107 10% A 37% 1C1' 11077 *88'4 *106% -'v >125 137/a 3 937%:: 36% 125 A 19% 107 107 : / 46% 45 125 8854 107% />.' 12577 88% • 35 8,200 138 101 .19% . v. Pacific Capital Admin class A : $3 preferred A ^ ; 100 1091% 101 A 13% 14 A -•• - 19'% May 1477 May 6 22'% Jan 53'A Mar /' —No par Mills- Cannon 600= - 138 :i May Jan 2 Apr 20 16 , ' 36% 100 Va 19% - 109'% 45 Sep 16 % Jan 72 Hecla Cons Cop—-—5 :• & Canadian 200 = ' • 139 % A 44% 11% 5 5 4 9'% Jan . ' ,1 — Canada Dry Ginger Ale tCanada Southern Ry Co 14,300" /-• /A- 170 A 350" -■ 108 V2 108% *136 4474 4:% Campbell W & C Fdy / / 9477 Zinc-Lead Calumet ■/100' 8'% " *477 3677 90 42 I —100 No par Packing———No par preferred—./—i—— —..50 t5fc 3,900 . 29 • 31 Jan Jan 5'A Jan California Callahan 2,200/ ' ; •44 ./• *42% 9474 474 574 2077 Jan 277 Jan 30 / 5 No par 5,600 . : 10'A *28% 100% 13% > Zinc preferred- Byron Jackson Co 20= 37% . 28'4 *110% • / 8 'A A 214 1 21'% Jan ——10 - 3,500. 21'% 8% 44; 18:.-/ 1774 & Copper Participating 1,200 • 1'%; •; C5% 477 44% 10'% Apr 18'% Mar vy 29'A Apr Jan 41 preferred—100 — Byers Co (A M)_ 230 2,200 , 8%'/ •' v::8' % . 41 *8 *42% . 28 % *124' A 8%1774 -41 V : ► 1 Va 94% 100 36% A' 29 *136 45 1 95 95 A: *106% *98% 43% 101 A 19% *5% - 877 : 42% 109% 44 % 45%. *88% 3 41 . ■;v 977 101 19% A ' *40 Va //■ 10"/ ••••;- *41'% 137 14 90 ,19% *36 10% 43 110 90 ,13% '37% A 4 '274 Jan par —100 preferred conv Butte 1,900 ,■ . 56% 20% *36 10 5 45% 46 /A 20 Va 36% 9% 8 108% / 207a 36% 10% 29 5- -z: /A 138 207a 37% 8 137 109%, 109% *137 207a 977 95 *28% 5 Va *4% 20% *37 42% % 95, 29 - 8% 17 77 *40% 8 8 42% .94% *28 8 3/8 17% 42 ;AA 42% 94 % A 8% 17% 10% *41 42 8% ; 87'a 1777 36% ' 1 1 Term Bldg 7% 5 V# 2,900' ; 26% 8% 20% v 9% /• 1 Va 1774 17% 20% - 37% A 10 1% A 1% 1% 8%, 8%: No I preferred Butler Bros 600 15% 56 Va *5477 4 ■ 15% 26% x26Va 56% .4% . a;ai%. . Mach Terminal— 4,000 877 2477 14 % *55 par i Mar 12 Mar 11 •..-"A-." »■' Jan Mar 25 - ' 47a *2674 Burroughs Add Bush 1,250 874 > 2477 ' 14% 26%" . 30 *24% 874 247b 4% 1%; 17% 18% *36 ; AAA No ' * 87a" 24% 14% 55 A ' 55 1% par Watch—-— " /A .-No A 12,600 64'% 4074 - 1 Co A. 674 14'A 1974 2477 20'% 105% 9% « preferred'--——l——_100 5%: 8,000 . 57«. 22% 26% " : ' 8 % 24% // : 65 par Burlington Mills Corp— 200 ' 1177 5% *61 19,800 105'% ,105'%' 11-3/4 Forge •: No Co Bulova 400' , /' ;• ■ - V 30 29'% 105%//'; •117%> ; Xll3A 2,400. , 33% / 33 \'-i ! 80 22% 56% 27 *55 87a 24% 4% *77 A 22% 3974 8% 2474 .'ii'/ Euffalo Bullard 500 : '. \ .t Wheel— Budd 6,600 , A 25 : / ; 1674 v is..; ..•14% 80 40% 40% 33% *104% G5 8% 16 3 4 . t- -577 577 ' ♦61 24% • 24% 25 14% 40% 38 37 36 *24 65 A; *60 -, Jv: 25 • r%'/ 9 •'9% '•'28 "2677 105% XV/n A 5'% 60 60 , 33 % A *105% 5% 25 2474 26% A1177 • u • 5% *16% 34 ; 937 •,-/■ 1774 • 9% 17 2477 26% 12 12 17 25% 26% v. 106 *105 17 25 A 17% '104% 26% A 97a 9% 9% 25% 25 Va A 34 26% 9% *17 18 25% A; 25% 34 9% 9% 9% ./ ! 114 « 6% 107 • 3'% Mar 1574 Apr '30 877 Sep Sep Sep Jan 1177 Nov •11% Jun 1334 Feb 1 Deo 20 May ' • ' 15% ; 2 3/4 - 16 377 V " *30% 31 34 .7277 73 31 72% 72'% 14%,. *2977 34 34 *29% 4 32 *2977 32 *2977 Chllds 10,100 10 /: No par • No par —— Chile Copper 100 Oil™ Cotton Co_ Co__ 25 ; ' ' v *14'% 14% 14% *101% 102% ,>101% *39 *477 43/4 38 38 38'% *123 *34% 35% ... - V. *8977 60 45% 3577 14% *101% 102% *101 Va 102% *39 *37 " *125 *70 113 *11274 3577 3577 ... 104 90% 41 104 A: *3677 37% *125 76 3577 *89% 91 60 *52 60 45 *103 35% 6374 63 V* *9877 *63 % 3774 3577 *35 *140 99 45% 35% 144 99 63% . 99 / /'/ 63% ■ .J *740 19% 107 1977 19% 107 ♦23 74 *110 107 63% ♦110 111 *740, 19% 1977 . 107 2374 24% 35 10 113 170 Clev El 700 Clev 35 3577 •:,8974 *103 91 60 111 99 4474 . 35% ,A ./ 5ft 20 •■ 60 • n 35 35 144 '! ^ L 1977 9974 -993A *141' *99'% 63'A 63'% 63'% . - *107'A 23% '• *740 1974 19% 107% '• * * '• 107'A 107'% 23 % 23%' *740 19:,A 2377 110% 110'% 1974' 5 63'A- *107%' "108 23 = $4.50 Preferred pfd No (The) gtd tClass Co par 1 <-100 No par No par No par No par Coca-Cola Intern Corp—x—No par 230 1,100 z No par Collins & Aikman " ♦110% 17% 111 '110% 111 - 12% 12% 12% 12% 1074 10% 1074 11% ♦1077 11 10% 10% 1974 20 20 20 1974 193/4 1974 20 *110% 1774 1777 1774 12% 11% 12 11% 12 10% 11% 107'a 10% 11 11 11 11 11 11 1077 1077 *1077 20 20 20% 20% "20% 2077 19% 1627. *1677 12% / 17% 19% 20 20 20 % 20 ' - 111 - - 50 preferred — 100 Colo Fuel & Iron Corp——No par Colorado & Bouthern —100 6ft conv A 17% 1774 1,800 1174 12 Va 1,290 1.0% 11 1.330 4ft 1st preferred— 1074, 140 4ft 2d preferred 20% 2074. 4,400 20 % 20'% 1,700 : Columb Br'd Sya Class B —,— Inc cl A ! 100 100 2.50 2.50 2 2474 Jan 6777 Jan 10% Jan 9 6 77 Jan 27 Feb 274 Jan '33 Jan 123 Mar 67 Feb 109',7 Jan 2874 Jan — " 17 Mar 30 377 Apr 30 7 2 4 10 13 13 17 2 ' 25 Jan Jan 70% Deo Jan 1074 Aug 3 B2 May 99 Mar 26 32 Oct 34 Apr 3 Jun 15'% Apr 103% Apr 42 • 5 39 " 130 Jan Mar Jan 6 27 4 18 72 Apr 15 113% Mar 16 4 22 7 3774 Mar 29 105 .2% Feb 9 32'% Apr 6 7677 Mar 30 30 Mar 30 90% Apr 26 50'% Feb 84 Jan 23 50 Feb 6 38% Jan 2 33 % Jan 12 144 Apr 22 88 Jan 4 62% Jan 11 50 100 - (The)- A 4 177 Jan 101'A Jan —50 Colgate-Palmollve-Pect—<—No par t$4 25 preferred No par 7,700 , 2374 100 100 Graph Bronse Co preferred - par * ; : Ilium Coca-Cola 520' ' 20' Louis Ry. Co preerred Cluett Peabody & Co 30 700 .-5 : —No Climax 1,800 . : & St. 100 Special gtd 4ft stock— Molybdenum - • .: 100 C. 7 _100 — tClev & Pitts RR Co 7ft •' 2,500 35'A' 144 63'A *740 19% 35 99 VZ .63'% 453A' 45 C. 5% 20 90 *52 C. " 104 A 90 •. 45 *141 144 • 2374 1777 132 *35% 104 *52 35% *141 107'A 1777 page .-A'.. 75 113 ' see 700 *60 60 233/4 17% footnotes 1,200 *125 *103. 45'% 45 107'A 2374 •17% For 377V 5 — 4— City Investing Co_. City Stores 4 Clark Equipment— 75 ' '740 10 / ' 144 99 10 4% 113 ' *98% " ; 39 477 Corp— City Ice ii Fuel 6%ft preferred 132 91 *52 102'% Chrysler 800 *60 104 *8977 ' ■' .•: 113 113 A A 35% 104 *125 T4»% 39 437 *36 Va •3774 76 *1123/4 *102/ 40 13,10O: 7477'; 74'A 14'% ■ 102% 437 132 *65 113 90% ♦140 *102 , 14% . *39 38% 132 743/4 73 % •14% 477 45 .3577 353/4 v 41 4% 45 144 *39 474 4% *52 45% 144 3577 104 90% *52% *14% 72 1123% 104 *103 14% 474 132 72 72 113 7377 38'% *120 132 *66 *1123% 72% *14'% 101% 72% 41 *39 41 *474 72'% 1377 Jan : 16 437% 2'% 28 Mar Jun 120 Dec 6774 Apr 107% Jun 22 May 953/4 May 7777 May Aug 397a Nov 125 Deo 72 Mar 112% Nov 3177 102 Deo Deo 84 74 Mar May 50 Jan 48'% Mar 30 3274 Apr 44 Jan Mar 31 25% Apr 36% Jan 39. 150 Jan 101 Feb 65% Mar 47 Jan 149 NOV 2 56% Mar 92 NOV 5 55% 6377 Jan 8 139 Jan Feb 470 470 Feb — 16% Jan 11 10374 Jan 12 17% Jari 108 Jan 14% Jan - 2% Jan 3% Jan 3. Jan 1574 Jan . 15% Jan- 20 Apr 5 108% Mar 31 2574 Mar 30 4 111 4 2 2 2 6 2 Apr 13 1877 Apr 7 6 1474 Mar 15 ' 11% Mar 97 % Apr 10% May 96 May 13% May % Apr 1 May % July 1774 Nov 107 Va 1874 108 Deo Oct Deo 18% Jan 4% Sep 574 Sep 12 Apr 12% Apr 6 2074 Apr 30 8% Apr 16% Dec 20'% Apr 30 877 Apr 1877 Deo 2 . 5 Sep THE COMMERCIAL & 1620 LOW Apr. 27 $ $ per share per 58 58% 58 54 54 55 90 88% 88% i5%-y 1574 16%, 37 357a 357a ;'v.- 33% 347a 547a *54 90 *8871 167a ♦357a 37 *35 7a 34% 34% •105 *35¥a 37 3772 37 110% 7a ® U 1097a 7a ; 36% % 55% 3¥a 3¥4 58 7a 59 56 56 90 90% 90% 163A 16¥4 167a *35% 36% *35 7a 36% 100 34 7a 34% 106 i9s 55% 24% ;,105 ' 357a 36% lllTt 13% 1474 % 56% / *110% 37% 111 i 36 774 '7 74 7 774 77a 21% 2174 21% 20% 21% *205/a 217a 207a 2174 17% "7 18 187b 18% 18% 173/4 177/a 18% 18 72 100% *9874 100 •100% 102 *21% 17% 24% 24% *100 7a 104 3/4 1003/4 100-% 100% *9978 10074 10074 10074 9974 247a , 7 7 100 24 72 ®'"". 9974 79 72 Jan 13 91 Apr 1 51 Mar 84 7« Deo No par Jan 11% 24 Jan 35 Oct 167a Jan 2974 Deo 105 7a Nov Pictures 104 100 100 Commonwealth 150 257a Jan 1047a Jan 3072 Apr 5 373/8 Mar 25 3774Apr 5 19 / 106% Mar 31 7 .29% Jan No par 10774 Jan 5 111 9% Jan 2 15 &Jan 2 363/4 Jan 2 Southern__No par r;® .v No par Co 25 15 5 7a 7 91% 39 72 Mar30 2074 Mar 25 27a Nov Apr 7 Jan 34 i\ 5% 5% 574 6 5% 109 74 I 10 74 15 774 May & Jun 58lA Apr 21 217a July 44% Jan 6 U 19% 197a 197a 19% 96 96% 96% 57a >■ 1974 95% Dec Oct • Jan 217a Jan 2 Feb 1 177a Apr •;® 2374 Jan No par 27/s Jan 13 7% Apr 22 l7/a Jun 3% Jan 1772 Jan 7 21% Apr 6 127a Apr 18% Dec No par 1074 Jan 2 19 Apr 8 93/a Aug 127a Dec 29 25 _100 89 Jan 5 102 Apr 100 90 Jan 6 102 Mar 16 74 74 83 ' 80 Feb 87% Aug Apr Feb ' 5% 19% Dec 10074 Mar Apr 7a Feb " 95% Oct No par Inc preferred 67a % prior preferred • 1 16 18 No par Edison Apr 22 14 7% i\ 9 4 No par $6 preferred series 40 11 -100 Consolidated Cigar *102 74 30 72 Jan —_10 t$4.25 conv pf ser'35 3,500 Y 7 No par Comm'l Invest Trust Congoleum-Nairn 39 Jan preferred conv 1,800 217a 187a 9974 par Co Conde Nast Pub Inc 21 ! 102 102 Jan No Carbon 1,400 , 2474 7% 457a 9,300 24 2474 77a 29 24% 247a 247a 8 7% ® 7 8/a 5578 7% Jan Apr Sep Sep Sep 54 57 9,400 55 74 " 56¥i ,24% 6074 Apr 2 5674 5574 567a 57 74, 2 2 Jan Commonwealth & v $ per share V/e Jan 88,900 • 1912 Highest $ per share 37 7a A share 407a Jan Commercial Solvents % Yir. per 100 $2.75 conv preferred Commercial Credit 210 V $ 100 Columbia 8,600 14 74 $.per share Previous Lowest No par 18,800 14 Year Highest preferred 474% 36 ¥a Lowest Elec Range for • Range Since January 1 preferred series A Columbian 2,700 1107a 7 0% 2,200 , 7 " ■ /•.?'>=:• r 5% 44,500 106 1107a 577a , Columbia Gas & 1,800 v ' Pur " 200 34 : STOCK YORK EXCHANGE 330 34 37a NEW Monday, May 3, 1943 *' Shares 16% 1374 {} $ per share for 55% *105 13% the Week 58% ' '••89% ■ 7 106 *1107a 1374 U 57 ♦105 100 13% 14 13% • 34% 37¥a 37 377a *110 14 13% - 106 ♦105 107 ♦105 110 74 37% ♦110 34% 34% 3474 1067a 15 ¥4 1674 16 167a 374 37a 3% 57 597a 54 *8874 3 ¥a $ per share 58% 5874 55% 90 1 $ per share share Sales Apr. 30 Apr. 29 374 37/a 58 557a *8874 STOCKS Friday Thursday 58% 4 4 58 3% PRICES Wednesday Apr. 28 Tuesday Apr. 26 $ per share SALE HIGH AND Monday Saturday Apr. Zi FINANCIAL CHRONICLE 9674 574 , 5% 574 55/a 57/a 19% 19% 1974 19% :197a 96% 19% 9672 96% 96 72 9674 96% 1% 1% 174 174 17a 1% 17a 17a *178 174 *13% 13% 137a 13% *13% 133/4 137a 133/4 133/4 147a 1% 3% V.7 47a Jan 2 153/b Jan 5 No par 9iy4Jan 5 1 % Jan 11 $2 partic preferred Consol Laundries Corp 2,800 . 174 1,100 • 15 14% 5 par $5 preferred Consol Film industries No par 77a Jan 11 274 Feb 19,000 , ' V'. Consol Coppermines Corp— Consol Edison of N Y 18,700 . 4,300 3% 3% *3 7a 374 3% 10% 10% 1072 1074 103/a 10 5/8 10% 10% ' 107a 10% 10% 10% 21,800 Consolidated 19% 19% 1974 19% 1974 19% 19% 19% 19% 197a 7 197a 197/B 7,900 Consolidated 25% 25% 257a 25% 25% 25s/a 25% 2374 257a *3% 374 3 3% 3 257a 25% 257a 900 ,3 Oil No 5 Corp 1574 Apr Sep 7% Jan 113/a Apr 18% Nov 78 Apr 94 » 3/a 1 Jun 7 Jan 10 378 Apr 6 17a 2 117a Apr 8 9 4'/a May 13 Mar 22 25 Jan % ®v •.-'® Apr Jan 7 „1 Preferred 3,300 4 7 5 1874 Apr No par Vultee Aircraft 674 Apr 207a Apr 98% Mar 17 I7/a Mar 30 Nov Jan 3 77a Oct Nov 217a Mar 29 2774 Mar30 ~ 83/a 8 6% 6 3/4 7% 77a 7»/8 874 13 % 13 7a 137a 13% 1374 7 .13 74 13% 137a 1574 65 66 *65 69 66 66 *64 67 65 *96 V* 97% *9674 97% 96% 97% 21% 22% 227a 22 227a 7®-: 9% 13% 7% ►101% 31% *133/4 8 22 774 v 3174 3174 30% 317a *1017/a 104 *10174 104 7% 77a 97% 217/a 22% 22 8% 31% 1374 13% 473/4 307a 137a 48 1017a 48 4774 6% 67a 674 133/a *47% 674 6% 67a 97 7a * 104 31 : :■ 30% 31 337a 34% 33% 34 338/8 *22% 23% 23 23% 23% *137/a 14 14 14 14 14 *48 7a 49 483A 48% 45% 45 447» 45 443/4 45% 577a 573/4 575/a 58 575/a 58 17772 177 7a *17672 17874 47a 474 45/a 474 *1% 17a 17a 17a 7a 48% 7 473/4 48% 48% 44 443/4 ♦44 7a 5774 575/a 57% Continental Can Continental Diamond Continental 178% 178% 178% 47a 47a 47a 43/4 43/4 67a 18,900 Continental 17a 17a 178 17a 174/ 29 667a Apr 30 22 Jan Mar 19 Mar 29 Apr 7 Mar 25 82 May 89 Jan 16 Jan 6 7 96 5 Motors 34% 11,300 Continental 24 600 Continental 47a 17a 15% Apr 7 x47»Jan Insurance '• 3,600 133/4 47 48 7a 30 16 3472Jan 100 1,500 13 . Apr Jan No par —25 preferred 34 23% 14% 12 7 , No par Corp of America 24 343% 23 1374 Container 1,400 67a ®8% 33% July 43/a Jan 43/a Jan 25 100 487a 6V2 23 100 preferred conv 8% ®14 48% 337s pfd Continental Bak Co 104 ', 137a 137/a 6% Co— tConsumers Pow $4.50 pfd 360 5,300 : 337a 5% 14,300 48 2374 *48% , ® 874 "8 14 337a , • 98 22% 307/b 6% Cuba 10 Jan 9 Nov 39 Nov 9674 ® Jan ' ' 14 6% of RR Consolidation Coal 700 478/a t 137s 34 667a *101% 104 23% . 98 Consol 13,500 8,300 307a 137/a 48 6% . . 10 15% ■.■'22VZ 874 1017a / 9 ®l47a ®66% *9778 22% '8 7% * 104 1374 4774 • 9772 77/a 473A 14 ■' 97a / 447a *5874 15 7 49 774% Jan 257a Jan Oct 5 Dec 103% Apr Jan 217a Apr Jan 16 57a Sep 8% Jan Apr 8 303/4 Apr 42% Dec 67/a Apr 8 5 16% 8 23/« May 4% Nov . Mar 30 37 28% Dec 17 Apr 27% Dec Corp No par l83/4 Jan 2 257a Apr 6 507a Apr 21% Nov 5 —50 x93/8 Jan 7 15 Apr 5 87a Apr 12% Jan 14 7 Steel tCorn Exch Bank 530 577a 2 1 Del of 7 Jan 7 77 337a Mar 31 26% Jan $2.50 -V ll3/4 July 274 Apr Steel Co tConv pref 5% series 210 477a 447a 573/4 Oil Jan 98% 227/a 8% 103 \'i 403/4 Jan 5 Fibre Copperweld 1,600 45 20 Inc 2 7,500 45 6 Jan 49 Apr 2 Jan 37 ___20 Trust Co 8 47 Apr Mar 51 7a 237a Apr 377a Dec 4274 45 Apr 58 Dec Apr 179 Jan " 183/4 104 19 • ■ 104 104%® * 217a .*2174 *1574 16% 153/4 2374 237a *41 > -103% 217a 21%®' *15% 15% : 23% 23% ® • 42 183/a 1974 187a 104 7a *2174 ♦176% 41 ® 41 23% *41% •' 187a *177 183% 178 74 18% 217a *2174 16 72 167a 23 7a 237a 42 ; - 474 47a 233/4 .4174 417a 1047a 12,900 1874 13,800 187a 237a *41 18% 24 105 105 105 217a 500 /0J\ 167a '..iv® 42 2474 14%: 42 '5% > mc-i ® 3,100" 500- '.V®.® 147a Jan 7, 387a Jan 12 6 14 14% 14 14 14 14% 14 14 7< 3,500 917a 903/4 91 91 913/4 917a 917a 907a 917a 540 347a 34 3474 337a 34 34 345/a 347a 3574 35 74 357a *79 7974 79 7974 79 79 79 793/4 797a 797a 797a 700 *1674 1674 167a 17% 173/4 18 19% 20% 197a 207a 3,550 Cuba RR 6% 100 1074 1074 97a 1074 97a 10 1074 97a 10% 9,100 Cuban-American 100 10% *78 7a 18% 19% 974 97/a : 107 111 *107 111 *107 111 *107 111 *107 *95 100 *95 100 *95 100 *95 100 *95 18% *21 y* '102 1872 *2174 2174 103 ¥4 ♦102 7a 10374 ♦102% 51/4 47a 574 33% 187a 43/4 22 5% *72 17 3/4 18% 'A 18 74 73 33 *71 747a 33% 11 34 18 Va 18 22% *2174 2274 10374 '102% 1033A 474 213A 47a 5 73 337a 33 177u 72% *32 103 47a 73 *71 33 33 8% ■ 8¥s 874 8% 8% 87a 87a 87a 874 23 3/4 23% 237a 2374 23% 237a 237a 233A 237a *97% 105 *97% 105 *97% 105 *9774 *9774 105 111 t7 % *95 100 57a% 100 187a 18 187a 21% 213/4 *103 103 800 2134 103%. 4% 5 1,700 74 72 72 33 7a 33 30,200 33% 874 9 237a 237a 105 *97 74 140 9 24,400 19 ¥4 92 20 1974 20 92 *86 92 *86 ; 19% v 197a *86 7: 193/4 *86 92 19% 197a 92 • ®C®®7® ■'p y 19% .iili 7,500 6 *5 72 574 *5% 20 ♦177a 574 *5 7a 57a 53/4 57a ' *53/4 6 100 /Mar 15 > 32 Jan 82 9 Jan 140 Jun 927a Mar 20 967* Apr 2 747a Jan 1072 Jan 2074 Apr 6 Feb 1 4 Mar 31 13 Apr 29 90 19 par No par 1 17 Jan 7 6% Jan Jan 2 -1 22 100 96 Feb 26 84 Feb 10 * 15% Jan 4 No p&r No par 95% , 83/4 May 5% Apr 23 103 d 1374 Jun 2 2 2 2 pfd 84 Jun 88 8 Cutler-Hammer Inc Jun, Jun 8 8 A Nov Sep 6 30 Apr 110 Jan Class Jan Nov 12% 87. 107a Mar 30 Jan Curtiss-Wrlght 88% 39% 63 2072 Apr 9 105 30 No Apr May 6 7 7% Jan 100 preferred Apr: 7 97a Jan 18 Prior 10 77 6 7174 Jan J ■;® 207a Nov Jan ®7 41 Mar 2374 May 6 11 32 29 ;-l3/4 Jan 3072 Jan .7 *5% Deo 267a Mar 30 44 143/4 Apr preferred ®®® hi 97. 377/s Apr $8 prefer] ed :;.®r Deo 8% May 1474 May, , 12% 5 917/a Apr 100 Cushman's Sons Inc 1% 197a 9 100 2,600 105 Dec Nov 16% 100 92 *86 1974 147. 88% Jan 4 100 ' *86 Apr Jun —5 1,500 233A v 103i No par Inc Nov 85 : Press 4 7a % Nov 7. 197e Mar 29 Curtis Pub Co (The) Preferred Cuneo 3% Apr /Apr 20 2372 Mar 12 2 Cudahy Packing Co 20 5 Oct 27a May ,105 117a Jan preferred conv 159 47/a Mar 30 l3/4 Apr 29 8172 Jan No par preferred—. Sugar preferred ♦107 111 3 5 ; preferred conv Mar 180 -No par Corp t$5 conv preferred. Crucible Steel of Amer 5% 4 37% Jan 917a 5,400 5 No par 147a Zellerbach 4 17 % Apr 2 , No par 917a Crown . 15 14 147a 2 Jan 34 ■i. 2 597s Mar ® 917a ' 2 Jan 1672 Jan No par preferred conv Jan ■*>'- 95 100 2 :•>1 Cork & Seal $2.25 > '^V.y '• (The)— Crosley Corp 20 27/a Jan jj Jan 25 preferred — Corp (The) conv Cream of Wheat Crown 176 1 1 Co Crane , 53% Jan 100 Coty Inc Coty Internat Corp .? 500 24% 42 :. 560 ^ ,217a —25 Refining tPreferred 3,900 13/4 167a •»' 70 I:"®'' 174 217a *15% 16%:® 1043/4 21% 213/a 183/4 1043/4 104 177 177 Products Corn Deo 13% Jan Mar 197. Feb 3! Jan 100 Jan Sep Deo 2 . Oct Nov 76 Mar 23 137a May 32% 36 Apr 8 12 20% Oct 9% Apr 8 9% Jan 257. Jan 57/. May 18 87 10 80 Jan Mar 31 44 Jan 12% •®- Jun Jun 247a Mar 29 100 Jun Feb 213/a Mar 29 .< 65 Oct 61 Nov 18 • Oct SSllilsli V®7;®;Y®®®Y7f V Davega Stores Corp _8 :;®®Y®®®®®Y\ 7® • 3% Jan 5 Jan 9 672 Apr Deo 6 2% Apr 4 ■/ 3 157a Jan 1774 Oct 127. Nov ' *17 ♦16 16 *112 % 113 *1774 20 1574 1674 16 112 113 *112 20 16 72 112% *18 *18 20 153/4 16 16 112% 113 1127a 20 *18 20 157a 16 3,400 112 7a *112 7a 113 20 16 15 ¥4 15 ¥4 157a 1674 167a 16 3A 17 173/4 177a 18 3/4 '18% 34% 35 3474 35 34% 34% 34 347a 34% 343/4 347a 33 337a 33 33 3374 167a 167a 167a 16% 17 167a 177a 167a 85/a 9 83/4 97a 1% 33 y8 337a 337a ♦16% 1674 ♦167a 167a *16 72 167a *1672 15 ¥4 16% 167a 177a 1674 177a 9'% 97a 87a 93/a 8% 97» 174 17a 1% *1% 1 % lVa 1% 18 7a 18 18 V* 18 187a 18 *45 48% *45 48% *45 48 24 24 2474 »23V4 24 23% *30% 31% 31 31% *31% 317a 31% 38 ¥4 38 ¥4 3874 387a 38% *3874 157a 15 7a *14 5% 157a 23 ¥4 28% ♦897a ♦3874 1574 15 ,• 174 23% 233/4 24 970 32 500 39 15 237a 31% 317/b 317a 39 38% 39 15% 147a 157a 28 2874 2872 283/4 2874 28V4 *893/4 93% *8972 93% *897a .32 *38 7a 14% 133/4 133/4 13% 13% Xl37a 393/4 397a 397a 397a 3974 393/4 397a 2574 257a 257a 253/4 257a 26 20 72 207a 277a 77a 400 40 960 * 267a 283/4 20% 20% 193/a 20 197a 207a 197a 69 687a 69 69 71 71 143 143% 143 14474 27 26 7% 12 11% *116 122% 7% ♦U7a *116 2674 7% 12% 122% 263/4 7 *11% *116 143% X143 27 26% 7 7% *117a 125% *116 122% 2774 263/4 774 27 7 127a 2 Dixie 25 2 Corp-Seagr's Ltd pref with warrants Cup Co Class par No par 100 No par No par A No par *117a *116 8% 127a : 2,000 Dow Chemical Co No par Dresser Mfg Co No par 2,100 16,600 1,000 Duplan 8% 1447a 145 1447a 1457a 14472 145 144 145 144 5/8 145 5,100 129 129 1287a 12872 128 128 12774 12774 328 128 1,300 119% 120 120 120 120 120 37 37 *120 121 No par 100 20 Corp preferred— Du P do Nem $4.50 1 International Dunhlll 1227a 1443/4 120 2 3 74 Jan No par No par 1287a 120 83/4 Jan Douglas Aircraft 120 *119% 2 8,300 128 14474 Jan - - (E I) & Co preferred No par 1st pfd 100 37a Mar ' Jan 4% Apr 18% Apr 277. Deo 30% Nov Nov 107. 9% Apr 13% 7 Deo Jan 11% Oct 2% May 47/a Jan Jan 17. Sep 1 7a Jan 5 16% Jan 12 197a Feb 17 147. 1 487a Apr 30 37 Oct 87 Oct 1774 Jan 26 Jan 37 Jan 7 6 6 27 Mar 25 3372 Mar 8 3974 Feb 23 14 Jan 21 Jan 18 Apr 2774 Jan 3374 Apr 397a Aug 8% Jan 20 217a 8372 10 7® 38% Mar 8 Jan 13 Jan 2 Feb 18 22% Feb 20 Jan 16% Apr 31 63/4 Aug 5 5 1 Apr Apr Apr Mar Apr 23 72 Apr 7174 Apr 9072 14 407a 2874 Apr 167a Mar 70 Jan 734 July 15 31 30 3274 May 167a Apr 187. 9% 223/. Jan Feb Dec Nov 4 87 9% Deo 29 Dec 26 Deo Deo 8 Apr 16% 30 51 May 703/4 Oct 12 xl44% Apr 29 95 Apr 1347a Deo Jan 8 273/4 Mar 26 574 Jan 5 1572 Jan 20 ' 1447a 1227a 12 Doehler Die Casting Co Dome Mines Ltd 8,900 7174 1427a Jan 3,200 2074 685/8 774 117a 13 5/8 40 203/4 267/e 77a 1227a Distil — 142 277a 1172 1,900 69 142 No preferred 2974 *13 137a 29 110 25 % May 1874 Apr 29 36 7a Mar 30 34 Mar 31 17 Apr 5 173/a Apr 5 97a Apr 24 12 5 No par A 9372 5% Mar 11 100 Diamond T Motor Car Co . Aug 102 Jan 20 Match partic 6 16 Jan Devoe & Raynolds 6% 1774 Apr 114 Feb 8 26 40 Diamond Mar 10 Detroit Hillsdale & S W RR Co__100 283/4 263/a pfd Edison Detiolt 19 par 100 *89 7a , 40 2574 20 2 —50 Western 2,400 1 *13 7a 12,200 Jan 10 Hudson 157a 15 937a 25 ' 8t tDenv & R G West 6% 400 237a 287a 20 3/8 2,200 18 48% 147a 116 17s 1% 18 397a 142 Delaware Lack & 12 1083/4 Jan 20 20 Deisel-Wemmer-Gllbert Delaware 17 1 , 23,000 487a 100 No 44,900 18 % 1 pfd Inc 9% 487a (The) Co 17%. 18 93% *68 7a 100 17 Corp Preferred 1,700 *45 25 14074 & 18 397a 69 Records Deere 48 *1372 *683/4 Decca 8,800 18 287a j 2,300 ♦45 ♦897a £83/4 95 *16 7a Chemical Dayton Pow & Lt 47a % 187a 33 74 33 Davison 25 preferred 5% 35 87a 1 33 33 % Conv Jan 5 1307a Jan 56 16 9 116 134 12578 1177a Jan Feb 4 16 Jan 5 Jan 8 Jan 13 87a Apr 13% 11674 1463/4 129 1207a 8 137a Mar .274 1674 Dec Apr 7 Oct 8 Jan 107. Nov 112 Feb 30 Apr 8 Mar 9 Feb 15 Apr 26 Apr 5 120 July 10274 May 144 Jan 120 127 Nov 1187a Deo Apr 1117a Mar 190 Duquesne Light 5% 38% 4,500 Eastern Airlines Inc 1 31% Jan 13 3972 Apr 8 774 3,800 Eastern 5 37a Jan 2 77a Apr 7 1627a 1,600 Eastman No par 1467a Jan 20 16274 Mar 29 108 183 Apr 26 41% Apr E 36 ¥0 367a 37% 6% 67a *6 7a 67a 161 Va * 36 ¥4 161% 161 161 182 % 184% 183 183 40% 40% 40% 14% 14 14 357a 357a 353/a 35% 12% 137a 137a 133/8 38 373/4 67e 63/4 63/4 7 7a 1603/4 16174 161% 162 74 16274 183 183 183 183 183 185 7 183 407< 40% 407a 403/4 407a 407a 40% ®405/a *14 7a 3% 3% 377a 67a *1827, 40% 37a *6% 37% 16174 161% *13% 3¥a 37 14% 14% 14% 1474 147a 14 35 35% 347a 35 3574 36 13 7a 13 7a 13 13 123/4 13 3 7a 37a 37a 37a 35/a 190 2,500 37a 35% 4,800 Electric Auto-Lite 127a 7137a 4,800 Electric 37/a Nov No par 28% Jan 20 52 Va Apr 30 15 Apr 3274 Jan No par 333/4 Jan 2 4072 Feb 24 29 Jan 347a Nov 3 23% Jan 7 2974 Mar 31 1974 Apr 26% Feb 3974 49% Deo 39% 39 39 387a 39 383/4 383/4 38% 387s 387a 39 1,700 *28 29% 287a 287a 2874 2874 *28 7a 297a 28% 28% *28 7a 77 67a .1 674 77 77 78 78 *763/4 77% 77 777a *80 83 80 807a 80 80 *79 81 79 79 *82% 857a 83% 833/« 82 tt ft % % • 7774 *82 7a 82 833/4 7a 74 83 *75 7a El 517a 400 Endlcott Johnson 7 For footnotes see page 1627. % ft *7a 5% 14,300 Natural Gas Engineers Public 220 t$5% preferred 74 Service 30 % 2,000 4 50 49% Jan 5 1097a Jan 11 —I 274 Jan 4% Apr 4% Apr 55 30 Mar 23 7 ft Feb 11672 Apr 29 107% Apr Feb 7% Apr 22 17i Apr 112 — 54 Jan 78 Apr 21 40 Apr 66 No par 57% Jan 82 Apr 22 46 July 73 47% Apr 83 A Dec t$6 preferred No par Equitable Office Bldg—-—No par 6272 Jan % Jan 84 Apr 22 174 Mar 1 Jan Oct 37. No par t$5 preferred. 170 l3/4 Jan 100 Corp preferred 77% 84 *82 % Paso 80 80 83 600 • ... Ind Am shares 2974 116% 63/4 7 Jan $6 preferred Elec Storage Battery 39 6% 13% Nov 2,900 7 Deo Dec 17. 52% 634 3074 9% 1% 51% 77a Jan Mar 30 357. 51 674 207. 14 Apr 507a 77a 3774 Mar 31 2 Jan 50% 7 4 10% Jan % 497a 507a Jan 30% Jan 177. 50% *113 15 3674 Deo 26 507a 53 Oct 30 5174 1167a May 11 Apr 51 *507/a 26 147a Mar 31 57 52 *113. Mar 5 8 5 51% 53 170 19 20 5,100 1167a 18 Jan 11% Feb 1%' Jan 57 *50 7a Jan 35 3174 Jan 474 567a '113 Nov 178 No par 4 7a 553/4 52 180 Deo No par 4 74 537a 1167a Dec 34 Electric Power & Light $7 preferred 4% 53% 517a Nov 1517a Elec & Mus 4% 5274 *113 4% Apr 12,600 47a 53% 52% Jan 35,000 43/a 53 74 116% —5 3 (The) 2 Apr 274 4% . 47a 55% *50 7a 100 _4 1674 ■ "47a 4% 54% *113 ■ Boat 4% 52% preferred cum Eaton Manufacturing Co Edison Bros Stores Inc— 3574 5574 118 (N J) 900 4¥a *51 Kodak Mills. M4% 55% '113 5% Rolling Jan Jan Jan Jan % Oct THE COMMERCIAL & 'Number 4173 157 Volume FINANCIAL CHRONICLE 1621 NEW YORK STOCK RECORD LOW Saturday $ Monday Apr. 24 , Apr. 26 per the Week $ per $ per share share Sales Apr. 30 Apr. 29 Apr. 28 $ per Friday Thursday Wednesday $ per share $ per share share STOCKS PRICES SALE HIGH AND Tuesday Apr. 27 for 14% 15 15% 15 15% 14% 15% 15% 15% 15% 13% 13% 14% 15 14% 15 14% 15 14% 15% 15% 15% 49% 49% 49% 49% 49% 49% 49% 49% 49 50% 50 50% .7 2,600 74% 78 78 *74% 78 *74 7% 7% 7% 7% 9% 9% 9 % 28% 28% * ' Pitts Erie St 1942 Highest $ per share 8% Jan 9 15% Apr 30 4% Jun 10% 8 Jan 9 15% Apr 30 3% Jan 10 Oct 100 39% Jan 12 50 % Apr 29 32 V* Jun 44 Jan 50 68% Jan 18 77 Mar 26 70 Dec 70 Dec par RR Co Cleaner Vacuum per share Oct 7% 7% 7% 7% 7% 7% 2,900 Eureka 9% 9% 9% 9% 9% 2,000 Evans 27% 27% 27% 27% 27% 3,600 Ex-Cell-O Corp 1 % 1% 1% 1% 1% 1% 1,000 Exchange Buffet 37% 37% 38 38 1,900 Fairbanks Morse 4 42 27% Apr 37% Jan 24'/a 24 Vi¬ 24% 24% 2,500 Fajardo Sug Co of Pr Rico 20 21% Jan 6 Jun 29% Jan la % 12% 12% 3,300 Federal 15 6% Jan 2 6 Jun 8% 97% 97% 97% 25'A Apr 22 13% Apr 30 98% Feb 17 19 12% 69% Sep 93 Jan 27 27 %;, 27% 19% Dec 24'% Jan 15% 14% 29% Apr 5 16% Mar 18 8 Apr 13% Dec 3 Jun : 28 1% *1% 1% *1% ' 37% 37% 37%. 37% 37% 44 25% *12% 25% 24% 25% 12% 12% 12% 96% 96% 97 97 27% 27% 27% 27% * 1% 1% 78 $ 777 9% 9% 27% V *74% 78 per share No par pref series A 5% $ Previous 27% 7% 9V» 28% 28 *74% 78 7% , 10,000 $ per share Year Lowest No JErle RR common Ctfs of benef lnt—i, 112,700 *9% Range Since January I Lowest Highest Par 14% '73% Range for STOCK EXCHANGE Shares share 15% 6 YORK NEW " 5 Co Corp 3% Jan 2 8% Apr 17 1% Jan 6 4% Sep ,5% Jan 4 10% Apr 5 4% Apr 7 Va Dec 3 Products 24 May 28% Oct 13 29% Mar 30 % Jan $2.50 Jan 19 1% Mar 10 20 U Jan 1% Nov F 37 *15% r:: 5% 15% " 5% 20 20 19% *87 Va 88% *13% 14% 4v., .v *14% m 15 24% 12% 13% 97% gg 98 27% ?;•%( 15 V .; A : 27% 28% 5% 5% 5% 5% • 48% 48% 35% :;-4 35% 35% 20% 88 88% 88% 89% 89% 14 13% 13% 13% 13% 35% 35% ♦106% 107% 107 % 107% 35% 36'/a 35% 36% 36 36 17% 17'/a 17% 17% 18 18% *105 105% 10 36% 36 36% 36 36 18% 18% 18% 18% 17% 18% ♦104% 105% *104% 105% 7: ' • , 105 105% • *105 105 31% 31% 31% 31% *31% 32 *31% 32 *31% 23% 23 23% *23 23% *23 23'/a *23 23% 7%. 7% 7% 40 *39% ' 40 ■ 7% 7'/8 v 40 ' 11% 11% 11% 11% 11% 48% 49 48% 49 18% 17% 11% 11% 48 18% 17 % 17% 17% 1 134 *130 7 134 *130 134 *130 20% 8% 8 8 ' ; • 53'% 5 .7*52% ■60 *52% 60 *52% 34% 34% 35 34% 35 35% 21% 21% 99% 99% 35 Va M 21% 21% V;, 99% 99% 3% 3% 3% 3% 22 21% 22% * 100 ' 100 22%. 22% 60 19,100 22 b% Jan 4 7% Apr 14% Dec 49% Apr 8 29% Apr 43% 36 % Apr 30 13% Jan 26% 108% Mar 30 87% Apr 6 105 Dec Dec Nov Apr 6 7 19% Feb 25 9'A 11 105% Apr 5 86 May Dec 31% Jan 5 38 29% Apr Jan 39% Feb 167/b Dec 96% Jan par 25% Jan 7 32 1 15 Mar 27% 19% Jan 8 24% Mar 12 18 Apr 21% Feb 3% Jan 30% Jan 2 8% Mar 26 3 May 5% Jan 5 42% Mar 29 28 Aug Inc 1 4 39 % Feb 3 10 — 9% Jan 10 Corp Trailer Feb 10 10% Jan 7 No par 127 ;• Apr 12% Apr 29 49% Apr 29 18% Apr 30 1 134 Mar 11 Apr 26 8% Mar 29 5 5% Jan 8 100 pfd 16% Jan par No 50 Feb 7 34% Apr 16 53% Apr 28 37% Jan 10 Co 8% Sep 27% Mar 9% 114 14% Apr May Sep 36% Mar 11% Jan 42 Dec 12% Jan 136 Nov 18% Nov 5 Jun 10 % 26 38 Oct 45 30 27 Apr 38% Feb May Jan 2 22% Apr 29 15% Apr 18 Jan 12 100% Apr 29 85% Apr 97 Nov 2% Jan 1% Jan 11 9% Jan 19% Jan 100 Jan 96% Jan 1 preferred 8 20% Apr 25 Sugar Co conv 87 15% Jan prior preferred Fruehauf A450 Nov 97% Jan Freeport Sulphur Co 1,900 100% Jan 74% Mar 30 8 Jan 104% Jan 100 F'k'n Simon Si Co Inc 7% 10 *6, 22 6% Francisco 3.300 15 18% No par $7 conv preferred 1,080 8% 100% 100% 11,300 12% Jan 27 Apr par Corp Machinery Foster-Wheeler 91 4% Feb 11% par preferred.— Food 2,400 21 35% Steel conv 8 ■ par No Food Fair Stores 900 ! 134 *52% 22% 100% 100 100 t5% 2 No Stove Co Follansbee Jan No 1,100 190 6 % Apr 6 Mar 30 21 Jan iVo Florsheim Shoe class A— 8 60 Stores • Mar 26 25% Jan'14 100 (The) Florence 18% *20% 35%' Co A preferred—— t$4.50 4 42 10 800 12% ♦130 ' 8% National First Flintkote series ' $2.50 300 49 4,18% '• 21 8 53% 35 ) , 39 *12% 49 , 1 1.34 *20% 34% 60 *52% «; ,V.. 18% *130 8% , 71,900 • " preferred 18 15 •; 1 Corp 7% 39 49% 17% 20% 8 4 '6% 1,100 Feb 78% Jan par Firestone Tire & Rubber 11,500 13 3% Jan 100 31% 7.; 7% , -7.\ 12% 12% 49 134 20% 77 8 V :i2 ■:> No preferred Enamel 7 13 ■ Jan 20% Jan 5 Dept Stores conv 86 No par 23% 30% 7% 7 107 % *23% *39% .40 17% •417% ♦130 j ■ - 7% 734 . 49 49 • 20% 20 8 Ye 20 20 19% : .... 39% 39 47% ■ 7% 7% 7% 39 39 36% 107 - . 32 23 % . 35% • - 33% Feb • 2 i Fidel Phen Fire Ins N Y 4,300 1.05% 106% 36% *105 Ferro 1,300 49% 49 107% ♦106% t4%% 600 13% 35% 106% • 49 49 Min St Smelt Co Federal-Mogul Corp 110 r, par No par Federated 49% • No Federal Motor Truck 49% ■ Co Traction^ 1,800 35% 4 49 35% 107 89% 13% & & 2,800 35% ,4 49 4 600 ■vv 20 *89 19% Federal 1,900 ; Light $6 preferred 70 5% *5% 20 19% - •7 ' 15 15 5% 87% 48% 35 : * ♦13% 48% I':- 20 20 " • 24%. 19% 14 ■' -27% H <4 5% V- *13% 107 38% ' 27% 88% 1 -A:;.- 98 15 20 *87% • •12% *97% 5% 5% ,24% 12% 15% *15 ■•.,:■■■ 24 - 37% ; 6 11 17 G *13 14 6 5% *8% 77'i;:,■■■ 8% • *13% *51% 52% 9% 9% ♦103 41% 41% ; 8% 7 •137 7% 7: 8% 7% 5% 7% 7 5% 15% 15% 87 " 88 * 142 142 35% 35% 38 *140 * 5% 15% ? 133% 50% 29% 38% 117% 117% 117 % *117 117% 180 2% 2 2% 14,500 ♦116 117% 2 2% 101 % 102 103% 88% 88% 88% *88% 88% 133% ♦132% 134% 132% 132% *132% 134 80 49% 50% 50% 50% 51 26,900 ; 129% 104 49% 129% 25% 50 103 50 25% 26 3% 6% 6% 6% 107% 107% 107% 107% 107% 1% 1% 1% 1% 1% *105 1 1 1105 % 108 1 1 7 *35% 35% 35% 35% 35% *34% 21% 21% 21% 21% 21% *13% 7 21% 21% 13% 13% 13% 14 13% 13% 78% 78% 77% 78% 78 78% 22 '■7 22% *17% 17% 169% 17% *17% 17% 22 '7 22 22 22% *106 109% *106 17% 20% 20% 19% 20% 19% 20% 19% 7% 8'/a 77 78% 8% 7% 8% 7% 9% 8 7/a 8% ♦72 73 *72 73 *71 9% 9 19% *71% 73% 73% 73% 18% 3 8% 18% 19% 18% 47% *47 1 2^8 v.77. % 88 39% 40 39 7/a 40% 96 96 96 96 36'A 377/a 37% 38% 97 97 97% % 97% 3 *6 6% 6% ♦12 12% ♦11 General : : 7: 19% 20 , 8 -77; 77v ;.87v :,7 74 3,300 12,600 "a. 1.000 19 18% 19 5,200 *46 47% *46 *% 77 7 7: 1 2% 88 37 Va 38% 98 98 8% *85% 1% 1% 1% 1% 5% *5% 6 12% 13 11% 11% 11%'7 33% 33% 33% 33% *33 *24% 25 *24% 1% 1% 17,000 5% 2,500 1,700 1,400 Grant 100 16% 16% 16% 16% 5,400 29% 29% 30% 26,300 26 26% 26 26% 150 ♦147 150 *147 150 *147 150 150 150 63 *55 63 *55 63 ♦55 63 *55 63 *41 41% 17 17'A * ,25% *149 *155:: ; 26 5,200 151 30 63 — _ — No Hosiery Grand Union 5% Or w Nor Iron par No par 10 Co Ore Prop No par No par Great No Western Sugar ♦11% 11% 15% 15% 3 % 3% 126% v 127% 9% 9 41%" 41% 41% 41 41 41% 41% 41% 1,800 Green 17 Vb 17% 17 17% 16% 17 17% 17% 17% 9,100 *11% 11% ♦11% 11% 15% 15% 15% 15% 3% 129 128 9% 8% 39% 9 3% 3% 3% 128 128 38% 39% 38% ♦25% 28 25% *37% 38 *37% 38 16 15% 9% 39 37 15% 39% ' ♦11% 11% *11% 11% 15% 15% 15% 3% 3% 3% 128 129 8% 8% 38% 38% : 8% 38% 3% 1' 9% 39 100 16% 3,800 Grumman Aircraft Corp 3% 4,500 Guantanamo 3% 129 A 8% 38% 7 132 9% ' 400 7 25,100 39 3,400 100 8% Gulf Mobile St Ohio $5 No par Sugar 100 No par RR— No preferred 40 30 Mar 29 118% Mar 8 2% Apr Mar 15 90% Mar 5 2 Nov Dec 4% Dec Sep Sep 3% Oct 6% 9% Jan 66% Nov 90 'A Feb 16% Apr 21 Va Nov 120 Apr 21% 132 Nov Apr 30% Oct x23% Apr 40% Jan 111% Apr 116'% July % May 6 110 61 1% Mar 64% 102 Apr 87 Jan Jan Oct 133% Apr 20 122 Apr 131% Feb 51% Apr 6 30 Jan 44% Dec 29 122 130% Apr 26 % Feb 4 % Apr 16 24 21 6 Apr 7% Mar 26 Feb 10 1% Apr 2 20 % Apr 5 10% Mar 3% 3 16 10% Sep Jan 6 Nov 5% Jan 14% 107 % % Oct Mar 31% Nov Apr 19'% Jan 8% May 18% Mar 29 14,% 109% May % Jan Apr 14% 21 Jan Jan Apr 23% Mar 14% Apr July 3% % Mar 27 23 22% Mar 30 99% Aug 37% Mar 78% Apr 128 Aug 1% May 101 106% Apr 1% Feb Apr 13% 30 109 55% Jun 13% Mar 11 May NOV Jun 10 Feb 79% Jan 20 Jan 16% Dec 13 101% Sep 14 20% Mar 30 7% Jan 15% Dec 2 4 8% Mar 31 3 Jan 5'% Nov 110 73 Mar x40% Mar Feb 110 61 Nov Apr 19 9% Apr 2 30 4 Apr 5% Jan Anr 30 50 May 65% Jan 7 75 4 2 20% Mar 5 4 12% Sep 16 Oct 47 9 37% Jan 44 Feb Apr 1% Mar 8 93 2 % 4 3% Apr 2 8 Mar 4 Jun 1% July H Jan 2% Jan 73 Nov 82 Feb 26 13 Jan 27 Dec 96% Apr 29 56 Jan 83% Dec 8 38% Apr 26 10% Jan 27 9 99 % Apr 28 60% Jan 90% Dec 1% Jan 4% Nov Jan 81% Deo A SeP l'/e Nov Dec Jan 11 11 9% Apr 29 87% Mar 25 Jan 2 2Vb Mar 26 8 5 7 4 Sep 5'/a 13% Mar 27 6 Mar 8% Dec 9 12% Apr 6 Apr 9'% Nov 3 34 6% Apr 7 Apr 21 22 1 31% Apr 5 Apr 25 % Apr 18 27 2 Mar 3 x58 32 Nov 23 25 Feb July 13% Dec 18% 19% Jun 25% 22% Apr 28'% 143 Apr 29 130 Apr 65 Jan 27 50 July 63% 41% Apr 22 Apr 33'% 17% Apr 7 12% Feb 16 16% Apr 8 2 par 4 132 Jan 22% May 150 Jan 14% 11 10% 2% 81% No par 10 1 preferred 38 % Mar 2% July Feb 5% 140 Jan 4 Jan 4 Jan 2 Jan 2 Jan 19 3% Jan 12 25% Jan 2 1 Inc 11% 6 Apr Jan 46% 59% Mar 3 31% Jan 19 100 West RR Co Greyhound Corp (The).. 5%% conv preferred 16 A • 132 ;■ L) •i'i% 15% *126% (H 30 Apr 106 Nov 40% Apr 138 4 41% - Apr 23% Jan par 100 Preferred Green Bay & 7% Apr 16 6% Mar 30 24'A Jan 27 15 Jan 6 21% Jan 7 20 Great Northern preferred 16 Jan Dec 7% 4% Jan 8 Jan 7% Jan 29% Feb 5 City Steel (W T) Feb Sep 3% 53 104 4 17 1 preferred 35 Apr Mar 12 80 100 No 4 31 Jan Feb 3% 98 143 Jan 51 6 25% Jan 90% Jan 4% Jan No par div ctfs Feb Jan Jan 83 par i ; 10 % 26 24% Jan No par No Apr Apr par —No par Granby Consol M S & P 24% 28% F) 8% 88 TV Jan 1% Jan 76 Jan 1 Graham-Paige Motors 33% 16% (B Preferred 33% 28% *55 Gotham Granite 900 Co 1 26 4 100 Telegraph Co Nov 5 Jan 41 Oct 9% Jan 59 Jan 14% Jan par 50 preferred Goodyear Tire & Rubb $5 conv preferred 13 "■'A 15% *147 preferred 5% 11% 28 26% 26 26% G Goodrich 11% : 29% 28% 29% No (Adolf) Gold & Stock *24% 7. 17% 16% conv 13 7 25 11% 800 40 33% 24% 11% 18,000 19,700 % 24% 1,900 9% ;. 11% 6 16,900 87% 9 9% 12% 1 *85% 87% *12% —No par (The) 3% Apr 140 4 4 4 5 May 2% July 6% Jan Jan Jan Jan par Goebel Brewing Co 98% . 4%% Co Gobel 38 6 Glldden par No $6 preferred par No Gimbel Brothers 60 37% 87% No 21 Sep Jan Jan 26 15% Mar 23 4% Jan 60% Jan 5 Co preferred conv 16% 15% 108 14% 20 No par Safety Razor 1,600 *97% 8'A 1 Corp Rubber & 6,600 -A' 99% 12% Gillette par 100 1 37% 7; 87% 1 Corp 3 99 1% Tire General $5 No preferred *% 36% 9 Telephone Time Instru Gen 3 ; 98% *12% 17 Vb 100 ,,, No par Corp *87% 788 3 *87% 37 7 6 ' 26,700 96 1% 6% 100 9% 75 47% $6 pref opt div series General Refractories 6% 8% 98% 1%. 200 75 11% 26% g% . 7 7' A 20% 73 73 7 9% 7; - 74% 19 25 29'/a 26% [ 17% 109% 21% 17% 34 17 29'/a 26% 1,600 22 *17 *106 22 109 % 11% •7 17% 28% Gen Steel Cast $6 preferred—No par 33% 7 25% 17% General Shoe 1,280 *24% 11% 34 33% *24'A 1,200 78% 36% 12% ♦12 13% 77% 40% 1% 1 16 2% 2% 24 8% Mar 29 12% Jan 2 xl04 Mar" 9 % Jan 4 31% Jan 28 15% Jan 5 9% Jan 2 60 Jan 2 100 11 44% Mar 19 4 4 Mar 1 Jan 12 Jan 2 Jan par Utilities St 13% 96 1% No preferred Realty Sep 104% Mar 34 Jan 13 113% Jan 22 1% Jan 4 94 Apr 9 83 % Jan 14 129 Jan 12 44% Jan 7 126% Feb 2 17% Jan 7 2% Jan 2 10c 78% 39% 1% 1 Jun 8 2 9% Mar 30 13% Jan 25 4% Jan 2 103% Jan 5 • 13% 400 96% , par Ink Railway Signal 6% 40% 9 No Equip Corp Gen 96% 87% par par preferred Gen 39% 8% Precision $6 ... par —No No 6,200 96 % ♦85% A 2,300 39% 8% -No Outdoor Adv Common.i. 19% 95% 87% 10 preferred—. $5 Gen par 100 General Printing 108 39% 7% preferred 5% General Motors Corp Public Service 96 Vb 87% No Gen 40% 7% t$6 conv preferred series A .No par General Mills 4,600 39% 87% par No par Gen Gas & Electric A 1% *95% 7% par No preferred t$4.50 par 13% 9% 88 ♦85% No No Foods Corp 7 6,300 *77%: % % 2% *87% General Electric Co General 1% 19 53% Apr Jan 5 130% Jan '' 2 30% Jan 2 .--—No par 100 Cigar Inc preferred— 35 *72 47 777 100 22% 7:77 87A 18% 3 General 7% par preferred-- cum 34% 19% 74% 88 No Gen 20 - No par 21% '*106 19% *87 1—5 Corp.—. A t7% par 35 17% 17% 47 Bronze Class 1,700 - 1% 1 No 21% 21% \2 3 .7 88 88 88 *105% 1% —5 Baking preferred 76% 7' 14 18% 7 19 % 19% General 5 Transportation 2,800 6% 106% 1% 108 20% . Amer 21 Apr 14% Apr 14 Jan Jan Jan Apr . 6% Apr .9% Feb 12 102 37 5% 134 4% 2% 7% 71% 20% Jan Mar 25 4 25% Mar 31 v 9% Jan 11 52 Mar 19 6% Jan 4 50 21% 21% *73% 47% % % 2% 27/a 2 7'a *47 47% ♦47 6% *105 1% *34% 35 9% 9 74 74 6% 1 8 20% 20% 107 19 74 ♦72 73 9% 4,200 *105% 108 10^% *106 109% 1,800 3% 1% 1% 77% 76 500 25% 3% 6% 1 1 1 ; ; 131 % 25% 3% *105 19 *105% 108 1 J30 25% 20% 6% 107% 19 19 19 19% 19 ; 19% * 130% 25% 4,:; 1% 7; 51 140 900 *3% 25% 6% *104 1C3 130% 131 28% 20 20% 20% 103 *3% 3% 6% 20% v *129% 129% 20% 108 :Vv" 103 % 88% 4% 4 103 88% 26% 26 2 2% 4,200 133% 134 129% 117% 2 : 7 *88% 88% *105 • 24,800 36% 37% 6% *17 10 36% 20% *22% 800 7 38% 6% *106 7 7; 31 142 36% 20 7 e *35 Va 1,300 - 37% 4% *18% 83% 35% 2% Gen Jan 1% 4 14 2 7% Jan 3 No par General Cable Corp 38 117% 1 10 5 No par Genera; 800 . 35% i par preferred conv 2,600 ■' 37% 49% 26 1% 83% 30% t5%% 2,300 5% 14% *140% 142 7' 77.7 35% 3% *105 5%. 14 :>■ No Gen Amer Investors $8 38 Va *133 129 23% - ,83% 7. 7 29% 7 *140% A 6% 7. 5% 8,300 140 35% 88% 88% 129 7' 4,500 8% 8% 1.4% . 43 *138 (The) $6 preferred 37% 101 101 49% A , 104% 42% Co Wood Industries Inc ; 35% 2 133',2 29'% 142'/a 7 20 1,400 38 *117 88% 83 29% 7 *103 ' . 52 9% 1 20 preferred Gaylord Container Corp 700 35% 2% ♦100 140 5% *140% 77 28% 142'/a 9 % 8% :■ „ *14% 84'A *51% 7 7 37% ; 117% 2 7:7 •, -:7 par 5% 35% 38 117% , 14% 83% 28% 145 • 7 7 Va 5% 14 ♦140% 28%": *28% ' 8 14% 42% *138 140 77:7'77:A !':■$ • 28% *28 7\, 8% 8 >■ b-* CO OO 86% 7v*14% 7, 85 7 15% 15% 87 7 42% 42% 5% 7 5% 86 ;• 140 . 5% 7% 5% ♦137 140 *137 41% 14% No (Robert) preferred Gamewell Gar 25,600 ~.777'7;'7 cl A (The) Inc Co 6% 400 6 8% 104% Gair 100 24% 24% 9%' 7. *103 9,700 Co Gabriel 14% :■;: *8% 52 1,700 >: 3% 3% 7,7 5%.: 8% 9% 104 % *103 3% 14%:::7 ,7 52 9% 6% 42 8 8% 8'/a 8% 140 52% *52 . ' 104 % 7 7 *13% 6 *14 9% 41% 41% 41% 14% 77:,•• 24% 5% 14'/a 52% •103 104% ♦103 104% *52 3% *8% 8% *3% 14 24% 5%7 *8% 14% 7-7 9% 9% *9% 24% 5% 8% 14% 52% •52 *24 , 3% 7713 13% 6 -77*8 %■ 14% 14% ; ; 24% ;':.::.7:: 5% 6% *8% 7 8% 77 14% 24% 25 6 *13 13% 4 3% 3% 3% 3% 3% *13 13% 24% 25 24% 7 3% *3% 4 3% 14 7§7 3% 7 3% 3% *3% 25 Oct Feb Jan Jan Nov Jan Apr 14% Dec Mar 11 Va Aug 9 Va May 14% Jan 3% Jan -10% .10 1% May Apr 14 Apr 29 48% Jan 9% Apr 26 2% Jun 4% Oct 39% Apr 5 Jun 33% Oct 18 86 Sep H 15% 15 3 4 14 14 ♦104% 105 For footnotes *13% 105 see *25 25% 14% 105 page *13% : 1627. 105 > 27 *25 37% - *36 15% *14% 14% ♦13% 105 105 - *25 27 *25 27 38 *36 37 *36 37 15% *14% 15% *14% 15% 14% *13% 14% *13% 104% 27 105 104% 105 50 Haokens&ek 1% preferred class A: 900 Hall 14% 100 Hamilton 104% 350 6% Printing Co • - ——10 — Watch Co._ preferred 25 —25 Water——. ; — -No par 100 > 22% Feb 11 36 : Jan 13 12%7Tan 5 9% Jan 18 -104% Mar 13 a - - - 25% Apr 16 38 16% 14% 105 Apr 13 Apr 8 Apr 19 Jan 30 Peli 19% May 25 29 Apr 35 Dec 8% Mar 13 Aug 8 Jun 11'A Nov 95 Mar 106% Feb THE COMMERCIAL & FINANCIAL CHRONICLE NEW YORK STOCK LOW Saturday Apr. 24 Monday 105% 17'/a *135 $ 17% *99 17'4 *135 5% 17 138 5% 100 *105 »/2 *99 100 16% Apr. 30 the Week $ per share 17% 5% 2% 2% 98% 98% *66 8% 2'% 66 99 66 16% 81 81% 82 130 130% *130 *52 99 *97 2'% 2'% 2'% 98'% 98'% 6 8'% 155 *66 165 81Tb 131 Va 130 ,57 *18 V// *18 20 *18 20% *19% 20% 36% *12% 36 13% *15% 16 *114',4 37 Va 36% 37 14% 14% 8 14% 49% *49%- 8% 36 Va 8% i/.;/''-■V 1% •7% 26% 8 26% 7 ; *1% % *6 26% %. *19% 36% 71 15% 15% 36% 36% 36% 36% 37% 14 ' 37 % *37 % 37 Va 50 50 107 Va 7% 14% 108 7% 28 1%' '-■-: ' 1% ..*6 Va ?■:' *1% 67a 26 Va ■/ *1% 6% 26% 26? a 7 26 Va -2V- . 7% 4,700 8% 8% 8% 9% 8% 9'« lVa : 1% m* 1% 1% 1% 15 15% 250 10 3 10 10% *9% 10 % 15% 16 / 8 15% . ' / 14% 13% % 1 14% 10% 10% 16 15'% '? 16.; ?? ; # - 14% . 16 10... 10 % 37 -':- 37 97% ? 97% *160 71 14 14% 16'4 28 Va 28'% 113 8 Va 160% 38% 67%? 68% V *169% 169 Y* 13% 112 7Va 28 Va 27% 28'.4 8%. 69 112 ••': 8% • 161 160% 68'i 169'% 13% 14 Va 13% 141/4 13% 18 18 18 18 17% 18 64 65 65% *64% 133V2 12'/a 58 Va 2 5%. 2% *64 V: 5% i? 2 65 5 33% *64 ( 5% 33% *132'% 133'% 11% 12 Va 12 13 V4 58% 58 Va 59'% >58% *5% 5% *5% 53/4 33 Va 33 3 a 33% 58Va 5% v . Vi 6 > •':v; *132'4 : ?:'•■'/■ 6 . 133 Va 52 52% 51%. 45 32 V« 32 '■41 :/■? *42 ■:/? '' 6 Va V 52 • ; 6 51'4 52 6 - 52% . 11% 12% 11% / 44 Va 32% 42 • / /? 107 11% 12% 11% 12 :■•;. ; 12% 11%. / 32% 11% 11% 14% >13% *100'/a 102 *100'% 13'% 12% 13 *12% 32 Vi 11% 11% 29% *104 105 81 132 2 4'4 24% 62 *104 / 12 ?•/• : 132 *130 r 24'% *130 v 24% 62 Vi 76 12 " 9% Jan 5 Nov Nov Jan Mar 10 7% Dec 18% Dec Jan 115 Feb 38% Jan 39 % Oct 8V4 Jan 11% Nov 30% 15 % Apr 6 51 Mar 24 2 Jan Dec 27 Apr 44% Dec 4 96 106 May 2% Feb Sep Apr .4% Oct 29% May 34% Feb ■'■:■■ ■ *62 81% 62'% 76 Va 76% *62 76% 11'% 5% V : ; *140 —No 16% Apr 19 5 13% Jan 11% Feb 88 12 40 Mar 14% Apr 35 Dec * May 100 Jan 74 158% Apr 17 166% Feb 9 153 Mar 31 54 Jan 74 15% Apr 8 6% Jan 27 21% Jan 28 par 5 6 7% Apr 30 Feb 10% Jan 5% May 109% Mar 8 164% Apr 6 71% Apr 8 40 Apr 20 147 & A —25 .No 170 % Jan 2% Mar 15 par 9% Jan 5 11% Jan 19 .—100 55% Jan 66 Apr 5 _1 V 3% Jan 6% Apr 7. 28% Jan 136% Apr : No par 100 14% Apr 130 6 Jan Apr 22 '44 Apr 5 33% Mar -No '1% V par Jan 43'/a Mar Oct Dec 15% Jan 60% Jan Va Oct 3% Nov 30:J/4 OCt 46% Jan 22 1 39 Mar 48% Feb 28 Jan 1 26 May 32 Feb Jan 7 44% Mar 31 26 May 39 U 102% Jan 15 105% Mar 24 94 May- i V 1, 6% Jan %7 /13% Apr 6% Jan ,13% Apr 30 " V 9% Jan ■15 Apr 100% Apr 13% Apr 30. 32% Apr No par par. ——100 /Intertype Corp— No par Island Creek/Coal— V. 10% Jan 27% Jan 135 -1 30 ■ 90% Jan 1 preferred—-——,. 88 6% Apr 30% 136 36 Foreign share ctfs.—, . 28 No par Interstate?Dept Stores..-,.—.No v 13% Apr Silver'———50 preferred^—l— —100 %IntemT Telep &-Teleg_.-V.--No par • 40 Apr Apr Dec 58 Salt— Apr V/» 59% Mar 25 International Dec 38 7% 3% Jan 37%Jan 100 Jan 12% 24 % 45% Jan preferred—.. preferred— % Jan 12% May 126% —100 5% Dec July 5% May 5 Apr 8% Jan Co. Jan 61 166 3 % Mar 15 136 15 Paper Jan Jan 151% Apr/ May % July Mar 25 Chein Feb 23% 20 9 Feb 111% 144% Jan Jan 6% * Oct 6 .56% Jan 20 Jan 18% 9% Apr 162 Dec 74% 12% 100% Aug 5% Apr 2 100 163% Apr Jan par Oct Apr May 5% 30% Mar 30 16% Feb July 81 6 . Oct Sep 7 'Jan Oct Mar 4% Jun 100% Apr 62 Jan 6% 21 6 10 9% Nov 23 '4 42 10% 8 Jan par Jan 2% Mar 29 —No .International Shoe.— 400 145 5 1 Preferred 800 Apr Mar 29 14,800 • 11 9 /International / Jan 5% 115 5 7#-conv 700 13V 4 Inter Rys of Cent Am—No par 600 32% Jan Inc tPreferred '5,200 *12% -32 2 102 *31 May 5 21 . 15 13 Apr Jan International ; 151,400 5 6 45 Dec .5% Nov 1% Apr k Jan wVx-5,200 % 15% Apr 30% Apr Jan 20 Rubber.. Min Jan 37 —.100 .—No 23% A Jan 7 : 1,590 3 Va , 18% Jan ——No par —No par Co.. 1% Aug 5 Va Aug " ' 1000 Int Nickel of Canada.. 6,700 5 106 V 13% Jan Jan 16% Apr 100 4% 4%~ preferred..— Internat'l Mining Corp.. i : : 8 2 . 100 :_L Int Hydro-Elec Sys class Mercantile Marine. 1 - 13% 14% 145 100 7% Apr 7 29% Mar 30 7. Jan • 1% Mar 26 preferred.————_—.100 Internal 10 107 *100% . 9% Apr 2 Co tPreferred 66,300 32" i 13 Vi / 2 ii Jan Vint 44% 43% 13% • 4% Jan Internal'!-Harvester—.—..No 14,600 51 Vi 13 82 11% 1 76 82% i : • ■ 11% /77 30 83 24% 62 76 11% 29% *104 /,:■ 105 *129 24 -?a 62 . ■ 83 130 *127 62'4 ' *11 11% 29% 105 24% ; 11% 29% *104 130 23% a 12 % *11% 59% 31% h-* 0- 0 *11% 29% 105 130 24 3 12% *102'% 14% 31 Va "«■ : RR Rayon Steel 4 —No par —1 8 —No par Int.Business Machines..——No par 1.100 » • .2% Mar 4% Jan 22% Jan par t 100 i:.':7'.v % Jan -100 No par «i Interlake Iron__i / 1,800 . 133'% *42 102 *12% , 32 Vi' 11% 29% '• 132 ,24 Va 12% *1041 82 14 *100% 145 - *llVa 105 81 621/4 76% Dec 17 143 Jan 1% Jan 2 i Jan 7% Nov 7% 6%<Jun / 21 Oct 104% Oct Nov ' 10%. Nov Jan 11 Dec 3 Mar 95 5 88% Apr 7%' Apr; 24% 32% 6 127 Apr Apr 138 Jan Nov ' 30 . 81 *140 11% 30 *104 : • 143'a 102 *31'% 145 *11% 105 80'% 62'4 *76 ' 12 14 32% *140 ? 29'% 29% s *31'% 145 *11% ; 81 *130 32 % 13% 107 27,700 53i 32-% ■. / 13 102% 29%: 15 29% 21% Oct 5 preferred.-——: 6 (V - 8,800 V / 64 *43 / 13% 11% 3: *140 42% 910 2' is 18% 5% 32'% 42% 12 *100'% / •■■■44:% 32% 11% - ■V'13% 32 Va *44 ? 12 14 Va 145 6 12% 8 Manhattan.-———100 Central Intercont'l 10,700 v 14(4 50 ; 30,700 1 33'% ,/*/- 11% 11% 13% 14 0 6% Inland 700 12 Va 51'% *102% 102% 32 Va Jan Mar 110 26 32% Feb 20 68% 583i 107 13% *140 8 Apr 41% Apr 11% Jan V . 500 162 *132% ??■;.; *102'% 14 % ■•?" 6 17 26 Corp 5% 59 3 51 41 Va ■: 42 *100% • 13 -:5% 44'% *32'% . 41 Va • *102% ./ *42'% 32% ♦41 107 *102% 12 Va *42'/a 32% 32% *41 107 *102% 44% " Va 42 13% Apr — . 8% Apr Interchemical 33 Vi ./■:■ 133»a ? 133'.% . 50 Va Dec 102% v . Oct 48% 12% Mar ■ 41% Apr IhgersolliRandi:— : 2,700 , 7% 169% 13% 5r!a 33 Va ■'■■;/• • 1 *43 6 2 -™'"' 109% Feb Ctfs *2 '.14 Vi / 12% 58 12% 58 * 65 m 33 Va 133 Va 12 . 5% . 34 Va ■/ *132V4 '■'/ , 2 2% ' V2 Mar * 11 4 Insuranshares •:. : 834 64 11% 134 . 14 % Jan 8 2 : 400 28% ..18 58 Oct Nov 75% Dec Feb 79 > 5 3% Jan Inspiration Cons-Copper •i 68 2Va *132 % Dec Feb 14% 30% Mar 37 Va Apr 38 % Jan 105 c. 158 Apr 22 Va Mar 31 30 % Jan t 1% Jan Apr " v 125 Mar 16 18% Feb %% ' Jan Indianapolis P & L Co No par Refining——.——10 1.500 • 112'. , 169% 18 33% „ 25 7% *161 67% 169% . 169'% 13% 33% , 12 Li—100 v 5,800 8% 1% • 9 108 8% Nov ' 51 2 ————5 14% 7% 18 5% Feb Mar 6 Jan Industrial 30 i. • 71% , 28 Vi 8 13% 5% 10% Apr 26 ,5 par Indian / 1,100 165/ : 7% 113 8 160% 67'% 169 ; 7 % *112 8 8'% *160% . 169% *7'4 112 8% , 95'a 71 14 13% 65 Va 82 60 Jan 44 RR See ctfs series A„ 2,800 ' ■■■ 8 : 69 170 *159 71%'/ 13% :?/'■ 8% 95'% • 162 , 71'% & * :: • 70% 28 Va % 161>. 162 . 95%. 13% *7% •- 8% *159 ; 162 37 % - 70'4 28'% 8% 95% 13 Va ■ 113 ' 37 97 Va *160 7Va >8 ■ 8% 160 &£ *112 .?■ 83a 37% 96 . 18% . 9 36% Jan No par 0% preferred series A 1,900 ■ 18 3 *64 ____.No ___ Leased lines 300 36% f 162 *7Vi 8% % 70 Va 70% 13%. .■14 7% *110 2 _■ 31 Mar — Apr May ' 141 Va Apr 17% Mar 29 21 •' No par preferred—— Illinois 1,200 10Vi 37% •■:'// ? 13% 8 7 13 . IHupp Motor Car Corpj— ^2,400 44% 8% 2 B_ Hudson, Motor Car 24,800 29 Vi 44 27% 68 S% 8,400 ??/■/ 29 8 Va 169% 58% 18 28% Jan 5 Hud Bay Min & Sm Ltd -6,800 , 15 *7% 160 Hudson 100 26% 29 162 :■ (A) Howe Sound Co-- 200 *6% 26% • 44% 70% 113 ' 2 - ^ % 94% 45 5 - 16 V4 Jan 10 .... t5 '}'(>■■ preferred.. 1,100 28 '■ 7% Jun 134 14% Jan 1 Houston Oil of Texas 11,600 ? 44% 37% '■ 10 . (Del). Household Finance.- 230 7% 39% 28 14 Va / . " V 108 7% 44% 98 '' Class 200 28 36% 71 Jan May % 9 Jan Dec 88 79% 167 Mar 15 100 par The. Houdaille-Hershey cl A 2,300 < . 39% 39% (C E) Jan 49 ; No par preferred... 100 Homestake Mining........,.—12.50; 600 50 108 '/V/ 8 *38% DaucluPaper Co Hollander & Sons 3,800 ; 14% :*49% 108 7% ■ , 39 14% ? -i par Holly Sugar- Corp ' >50 152 7% 37 14 Va _.a._No 4% - Jan Jan Jan Mar 25 3 5 Holland Furnace ;• *114% 37; /'?-'/./ ' 6 73 1.300 V 56% Jan 131 500 44% 98 14% 68 15% ■;/ *114% 12% 28 *160 14% 169% vV'f 12% 43% ... 162 160 *15% 15% 3.3 43% . ' 8% *12% 28 15% *8 12 Va 14% 16 r 3% Mar 80 27 Jan 16% 102 'A Apr. 10 71 Apr 2 20 No par Hires'Co 1,100 44% 16 12 Va 5 104 146 Apr May 8 Hinde & 20% 28 10 37% Apr 5 '% 2 93 '% Jan 12% Jan Motors.— convpreferred—.:.-. :.;Nq 20 36% , 1% Jan 25 5 500 • 13% 10% *110 108 2 Hercules Powder.*. 100 • 28 98 Apr 12% Xl26 1 Apr $ per share 98 9% Mar 11 Jan •Hercules 2,400 ; 44% , 10% 28 108 *18 1% 7% 108 20 8% !•% *160 108 20% *49Va ; 8%. 12V8 " 4,100 • 81%> 36 % 26% 1% 28 100 6% cum preferred—..— 100 Hershey Chocolate ;..i_No par 57 39 7 *26% 8% *37 131 *55 14 ■':■:■ 1% ■*97% *130 57 / *18 37 2 8% ?' 131% 81 *19% 36 Va % 1®8 .45 Jan Highest share per 5 Apr 6% Apr Jan '$ 30 18% Mar 141 4% Jan 7 (G .W) ; —25 Preferred --i-.--.—;--.-------100.' ■ 16% 20 39% 1 %1 *43% 165 *55 108 107 Va 9 V 14 ,6 Feb 86 Helme 131 58 36% 108 200 *16 20% ,< , , ■ 8% 13% , 100 tHazel-Atlas Glass Co__ 131'% ' ■ 12'/a *15% ■ 50 39% 1 % *6'% 26% *27% 106 V% Apr ' *6% ■ -1 Hayes Mfg Corp 370 66 4, 66 ■/%;/:•* 155-/5- 165/ 37 ' 14% 8 39% 135 1943 Lowest $ per share >"13% Jan 1 4,500 81 *18 ; 1 38 107% 8% 39 : 36 %» *37 108 Corp of Amer class A 6'%%> preferred—,— . 2% 81 *114 1/4 14% *107 par 100 * Hayes Industries Inc 98% 98% *36 15% 37'% / No ± 20 :/2%- ■•■.■ *19% .. *114% 37 Va 49% 2 15% . _ 36% 39 % *1% - ■ _ ' Va 13'4 , ,14% • 107 Va *38% *12% V Refrac.; preferred 99% Jan Year Highest ;; $ per share No par Hat 1,100 16% *130 36% 36 Va 50 *49% 36 13% 15% 15% 36 % 20 36 *12'% *114% : 20 *19% 20 *19% ,6 V ft 8'% 15% *107% *35% Harbison-Walk 100 600 s 99% >..81'4 > *55 58 /■■'■'■ 67 Va • *155 16 81 131 Va , *66 165 15% 106 *56 67'% ♦155 81'/a 106 (M A) CO $5 pfd- - r 98 7 b 15% ♦55 //■ //////>■ Far Hanna 3,600 , 5% 8% 2'% 97% 15% 58 17% *97 8% 2% 16'4 ■ 'ft >20 141 5% 99% 8% 8% 17 Vi *138 5% Range Since January 1 I Lowest . Shares 106'% Range for Previous NEW YORK STOCK ' EXCHANGE , ' 17% 98'4 *65% ' ' *8% for 1 2 Va 82 16 106 107% 8T-a 97% 165 16% *10518 :• 98 Va *155 165 8% 2Va 97'% ;■■'' 68% *155 8% ..?■• 106'% 141 *5% " 8% 8% $ per share 106% *138 141 *5% 100 *105% 17 Va *138 5% 100 Sales Apr. 29 •105%' 106% 138 5% STOCKS Friday $ per share V-TT.% 138 5% ■ Thursday Apr. 28 106 RECORD PRICES Wednesday S per share 106 17 138 *5% SALE Apr. 27 per share *105Vi HIGH Tuesday Apr. 26 $ per share 105% AND Monday, May 3, 1943 62'4 77 Preferred 10,500 . 400 . /-■.:: < 113a 600 1,300 Jones & • '5% V 1 12% Mar 25, 30 Apr 27 105 Apr 5% 70 Jan 21 126 Jail 27 133% Mar 17 19% Jan 7 No par A... 26% Apr 107% May 73'% 122 6 Jan 54% Jan 7 65 Apr 5 8 82 Apr 6 61 8% Jan 4 12% Mar 3L 129 17% May 53% Dec 64% Jan L..100 pref- series B conv.——100 Mfg Co— .1 10% Nov 33 % May 50 % 85% Mar 30 ——100 Jan 18% May 85 22 No par i—. Laughlin Steel. series 12 19 96 V« Mar 30 ,5^ . .Joy Feb 26 —100 — __1—: pref 9% Jan ..No par - preferred Johns /Manville.Vi. '>•;£' *76 Co——— Jewel.Tea Co Inc , 2,700 24% 11% VJarvis (W B) i4'A % 83 % 130 24% 11% 700 1,500 v *61% ?// .77 ■:'; 10% ; • ; Jan Jan Dec Nov 24% 79% Jan 11 Jan 64 May I V* Aug Jan Jan , K *15 % 127 10 % 'b: 10 •- 28 15% *15 16 *122 Va ♦122'% *122% 10 10% 27 28 % 15% 127 27 V *10% 11% *10% V*94Vb 95 *94% ;V ♦26% '/< • 14% *14 14% 16 *15% 127 *122% 9% 27 % *10%: /iiz% 95 *105 *15% *122% 9% : 11 15% 127 *94'a v*26% 11 94% 18 18 17%: 17% 13% 13% 13% 13% 13-% 13% 32 % 113 113 113 32% 33 110 33 % 112 Va 32% .14% 13% *110 32% 17 Va *17 17% *17 17Va 29 Va 30% *29% 30 % 3% 3% 3% 3% 42% 42% 43% 44;//: 44 Va 45 *44% e'22% 22% 22% 22% 22% 23 22% 9% 9 % *7% *7% 10 28% 29 28% V; 29 29 29% 30 13'% 13'% 17'/a 30 Va 3% 31 *8 29 / 30 % ♦13% '>> 30 29 14'% 13% 63 63 63 Vi 63 Vi 62'% 62'% 23% 24 2 4'4 24'4 36 Vi 17% 17% 18 18 36 36 36'4 3 6'A 36 22 22 115 115 *21% ♦113 7'4 7 22 Va 115 7 7% 1% 1% 1% 1% 16'% 16% 16'4 16% 29 29 ♦21% *113 28'% 28'% 7 Z 28 V4 28'% 34'% 34% 35 34% 35'4 6'% 6% 6'% 6% 6% 14 Vi 1/ 5,000 9 V 29 /: 30 100 ! 900 : Vi 14% 240 5,700 : - 300 122% Feb 5% Jan ■ 4% Kaufmann Dept Stores.. r Class- B—• Kendall Co $5 (S S) (S H) Gas 6% 7% 28% 19 *31% 34%. 6%" 28% 36 |'a 22 7 1 % 17 28 7% 1 Vit 17% 28 % 7 1% 17 28'i 36'% 1,000 22 •■■ 115 800 • 7'% 0 20 9,900 5,100 17'% 12,300 28 3 a 3,800 St Apr 15% Man 7 30% Apr 24 24% Jun 29 1% Jan 13 3% Apr 26 1% Jan 2% Feb ..No par 34% Jan 12 45% Apr 29 30% Sep 40% Feb 10 18% Jan 2 23% Apr 30 17 Mar 22% Jan 25 8- 11 IO 'b Apr 3 23% Jan 4 29% Apr 5 24% Feb 26 > i , 2% Jan 2% May 105% Jan 37 Jun 3% 27 29% Apr 7 19 Apr 30 36% Apr 30 Rubber St 4% Tire .5 Portland Cement.. preferred conv tLehigh Valley RR... Lehigh Valley Coal 6% conv preferred. Lehman Corp 4 27 2% Jan> 2 (The)...— 700 Lehn & Fink Prod Corp.. 600 Lerner 35 35 35'4 4,900 6% 22,400 Corp—. ' u Jun 2 :_50 19% Libbey Owens Ford G1 27 Jan 107% Jan —50 32' Libby McNeill <fc Llbby 26% Jan 20 25 .100 No par 19'4 Stores 9% Jan 35 100 11%, Jaii [6 1 24 Jan 12 5 14% Jan 6 No par 23% Jan 8 No par 7 31 ■ Jan 12 5 -Jan 2 25 Apr 6 116% Apr 7 7% Apr 2 6 Apr 19 . 15% 30Ja Apr ' 2% Apr 23 % Jun 17% 4 Apr 37% Mar 29s 20% 7% Apr 6 ■4 Jan 1% Apr 18 6: 30 Dec Jan Jan Jan 15% Aug Apr 11% 19% Apr Sep Dec Dec 113 Jan 33% Mar 30 May 18 28 Aug Dec 8% 41 % Jan Jan Jan 11% 18% May 104 ; 13 i 8% Mar 17 17% Apr 7% Dec Jan 19% May 11% Jan 1 % Jan 22 % . 30%.Apr 26 Bryant.—j—..No par 32 % 6'% Jun 11,% 100 24 Apr Apr 19% 6% Jan 26% Apr Jan 32'i 6% 4% 5 10 113 ltVa 19 % 34% Dec 21% 32 6% Sep 14% 35% Apr Louis.—100 19 34% 2 Dec 29 Lehigh Jan 11% 103% 17% Apr ,...1 32 , 14% Apr 100 % Jan 2 No par 5% -preferred:/ ; Co (The)—____ Lee 18%;Apr Dec Apr Lane *113 7 Mar 29 1,800 37 4 81% 93% July 10% Apr Mar II Mar 29- 18% 22 8% Jan ■ 192 2 96 .108 25 19 115 14% Jan • 16 18% 22 1 66 18 *36 'A 5 2 Feb .7 & Co..l—No par Lambert - 6 2 11% 4 550 3,600 *113 Apr 15% Apr Jan . Oct Apr 4 63 25 36 6 7 63 25 • 6 Jan 63 25 36 Apr Nov 17% Jan 62 Va 24% ' 12 29% No par 61% 24% 17% 6 Oct May -28% Jan — Co 16 1 Co Lt 6 Dec 7% ■■•: •iloVb Jan Kroger Grocery & Bak Laclede 29% Apr 13% 124 Jan 29 Kresge Dept Stores.. .Kress 13 2% Jan Co prior preferred— Kresge Jan 11% Jan Keystone Steel St W Co.^...i.No par Kimberly-Clark...—— VNo par (G R) Feb Mar 8 83 No par No par ;Kennecott Copper-.— Kinney 5 117 23 103% Feb 1 $6 pt pfd A ::w Feb 10% Apr 7%' Jan :_1 , 61 17'% — 16% Apr 30 124 2 20 5 % conv preferred —....100 Kayser (J) & Co... ...5 :Kelth-Albee-Orpheum preferred.100 Kelsey Hayes Wh'l conv cl A .1 i 24'4 1% 34% 1627. 30'4 17% 19 page *28% 1% 31 see 28% 30'4 16'% 18% footnotes 23'% *7'% 1% 31 For 23% 16% 18% 600 "2,400 9'/4 14% ; 800 23'% 1% 31'% 29,200 V, 17 % 30 Va 3% 16% 31'% 32% 47 Va 22 *18% 40 33a 115 18% 6% 3Va 22 32'4 17'4 *30 46 *113 *31'% 1,600 11.2 32% 14'% 50 300 U 900 110 17'4 22 18% V 13% 14 500 107 % 17% 30 Vi 115 7'4 j xl2% Jan. 10 No par City Southern__..__No par preferred........ ..100 Kansas 700 *45% *13% ' ■: 11; 30 13% 17% */: • 28% % 30 23% 24% 17% *3'4 a 9 Vi / ; 29 Va 28 Kalamazoo? -Stove A ..Furn—LilG Kan City P & L pf ser B *94 % /: 95 17% ? 5,100 *13% * 32% -17% *30 94% *14 13% 900 10 11 112 32 9% 28 *107% 17% 16% *122% 127 10 28 107 Va 17% 127 , 16 *10% 94 % *13% * 17% 9'In 27 14 *107% 17% 113 9% *10% ; 95 13% ■14.% ♦107% 9 % 16 25 Dec 14% Aug ' 26% Dec Jan 33 % Dec Mar 5% Jan ■ Apr. 24 $ 6574 32% 6674 66 68% 68% 67% 68% 174% 67% 17474 174% 66% v 66 ', ' *174 174% 17474 174% 174 Va .V ' ' *27 74 *27 ■v. 2874 28 *27% 28 34% 3874 *1974 20% ,22 54% 39% 19% 22 % ' 19 •r*3874 . * 19 74 39 74 *18 19 39 % 39 %v 1874 39% 39% 18 % *18 74 19% 19% 19% 1974 197a 22% 22% 22% ,21% 227b * 22 : 23%. 22% ; 53% 54% 53% 54 74 53 Va 5374 5374 54%:, 54 54 7 43% 43 74 43% 43 % 43% 43% 43% 43 4374 43% 43%' 9% 974 974 974 "9 974 9Ve *25% 26 74 2674. 26 26 74 X2574 ' 5474 43 187/a 25% 153 *154 154 154 • ! 2074 20% 20 71 71 *154 155 20% *71%: 20% 974 26 2574 1&3/4 18% 155' ' 2074 • 203s 72'/a 7274 * 154 ' 28 V -'' 28 138 *125 28 28 138 *125 138 187a *154 155 20 20 72 36% 36% 36% 36% 35% 36 »4 35% 35% 25% 25% 25 % 25% 24% 25 Va 24% 25 25 : 11% 11%-? *11% 11% 11% 11% *11 21 % 21%; 21 y4 21% 20% 21 % 20 6% 6% ♦250 320 *250 320 28 *27 V *125 320 *300 5% J 6 *9% 9%.' 17 '/a 17Va>. 2% 2% 2%. 2% 2% 2% 2% 2% 4% 4% 474 5 4% 4% 4% 4% 4% 14% 5 13% 14 13 % 13% 13'/* 13% 13% 13% 13% 13% 13 Va *13% 13% 21% 21% 21 21% 20% 21 Va .20% 20% 20 Va 5% 6% 6 *166 44 4% Dec Lorillard Nov 16VaJan 2 19 Va Feb 11 HVsi Apr 167a Nov :. 1% (P) preferred.... .100 ._T 154 148 Vb Jan 12 Louisville Gas & El A...„._No par Louisville & Nashville. ; Feb 23 128 ,Mar 8 ^.10 20% Jan 8 28 28 Jan 2 3674 Apr 6 26% Dec 3574 Jan 19% Jan 2 26% Apr 5 12% Mar:26 17% Apr 21 Va Jan 9% Nov 1374 Jan 24% Mar 19 Dec 2774 Jan 20 Va Apr 26 113A Apr 18 Va Jan 73'A Mar 29 19% 97« *165 175 ^44;:V- 33% 33% 175 167 320 16.000 9% 100 Mandel 100 44 55% Sep 76 74 Jan 15% Apr 23% Jan ; /'•: ~ 84 '80 4 Va 5 10,800 -15" .1 10,440 Market St Ry 6% 3,600 6% 0 7,100 25% 3,100 5% 5:V'i 6,000 28 Va 28 Va 700 *103 *103 102% 17% '.*17% 14 14% 14 ' 24 23% 24 15 14% 15 *■■■; *109 20 1,200 5%. 24 46% 19 Va 19 109% *109% *1112 110 *73 29 28 'W 30% 8% 6% 3V4 lO'/a 24% 24% V 113 6 6 *83% 19% 19% 3% 2% 6% Mead 3 73 ' ■ 25 28' > 89 Va 74. 30 * 109 Va *33% 35 39% 40 39% *33% *34 35 % 20% 20% 20% 21 20% 21 34% 15 Va 4 15% 15% 15% 15% 17% *17% 18 17% *27% 27 % 27% 20% 20% 64% *20% 20 % 64 Va 65 41 65 5%l 70 41 40% *115 118 *115 %' Minn Moline $6.50 *40% 8% 9 preferred Mission Corp— 17% 18 27 V * 13,600 2774s 5% 20%" 65 Va 65% Mo-Kan-Texas RR..L ' 7% ' $4.50 Carpet 974 9% 39 39 38 . 1874 1774 3874 *38 1874 18 800 % 118 V 8 74 874 1274 11% 12 3174 1174 19% 19% 19% 19'/a 20 1974 *170 74 : 1974 8 774 774 7% 2374 24% 2474 "171 ; 1974 "*197a 12% 12% 9.100 .20% 20% 14,300" *171. V ' 175 1974 *77a 7% ■; 25 •," 19% conv 13 Oct 6 24 Dec 30% Jan 8 5 Apr 774 Jan 1974 Dec 4 a 3. a National Aviation National Biscuit 7% Apr 12 Va Mar V Apr'21 103 Va Jan Feb 107 Feb 109 Apr 14 Jail 7 Jan 13 3 64% 13% % .No par Jan , 8 X10774 May 174 May 5774 874 8874 Mar 27 20% Mar 30 : 4 6 1% Jan 5 1274 Feb 18 Oct 66 May 91 Jan 110 • National 9,400' Nat Dairy Products.... 18 17% 10 2 119 Mar 19 Apr-29 112 May May 11774 121 120 Oct 114 Mar 10 102% Apr 11074 Jan 2374 Apr 3474 Dec 41 % 37 Apr 30 Mar 3 28 % Dec 48 74 Mar 22% Apr 6 12% Dec 297i Mar 15% Apr 18% Apr 30 6% Jan 217/» Jan 8 > 31 2 V 15 5 11 Oct 7 974 Apr 1274 Nov Mar 29 20 74 Aug 2574 Jan 374 Jan 8 2 70 Apr•22 50 ' Jan 63 Feb 22 Mar 29 11% Jan 17 Dec 6 74 Apr 7 Jan 5 Apr 13 Jan 25 6874 Feb 15 62 Apr 21 112 ' 116 974 Apr 6 5'/a Jan 2 44 Feb 27 34 Va Jan 12 A - : ; 13A Feb 634 Jan 1% Feb 49 May 10874 Sep 474 Jan 30% 1 10 Va Mar 30 . 974 10 10 8% 874 *9% 9% 9 74 30 30% 130% 21%. 8% 22 *21 % 15% 85 18% 18 32% *32 5% 8 •84% , 15% ♦165% 167 • 18% > 9'/a *974 0% 9% ..•'9% 1.300 National Dept Stores 6% preferred... 3074 307a 30 74 V:; 30% ■30% 6,900 Nat Distillers 23 22 22% 22% 400 8% Vr 9% 9 '22 874 8Va *84 7 a ,85 15 Vl» 15% 16574 167 8% - 85 • *137Va 140 18 % 32% ,32% *32% 5Va 5% 574 139 10,100 17,100 85 16% May 1374 May 1974 Apr 1 9 Apr 11% Apr 27 3 27 574 30 0V4 Jan 2 3 15% 167j r 10,900 90 , 140 ; 10 19 1 4,200 32 V. 32% 500 '•'5% 5% 24,200 *137 % ;• 33: , *32% 55/a 6% 57% 58 32% 5% 57% *57% 57% 56% 57 56 74 57 56 Va 57 % 2,100 12% 12% 12% 12 VB 12% 12% 12 Va 13- 12% 13% 14,100 33 5% 26 25% 26 26 26 '.74% 74% 74% 75 7.4 Va 75 *80 80% 80 80 80% 81 6 Va 6 25 Va 5% • 25% 25% .25'a 74% 75 % 75 Va 76% 81 80 81 26 " 674 6 74 6V» *80 •6% 6!% .674 '; .674 ■ *9 74 9% *9% 9Va 9% 9% 9% 9% 9 Va 9 Va 12% 12 Va 12% 12Va 12% 12% 12% 12% 1274 12% 18% *18% 19 *18% 19 *18 Va 19% 87% *84 87 *84 86 *84 86 18% 19 *84 86 49 *46 49% *46 % *109 110% *108% 35 34 34 Va 35 35 13% 13 14% 13% 1-4% 49 ; 110% *46% 49 *108% 110% *34 Va 35% 13% *46% *108% a . SVaJari • 7 12% Apr 15% Jan 2 162 Jan 173 7 Apr 24 13 140 7 13% 20 >4 20 Va 20'/a 20% *100% 101% 100 % 100% *100 101 34% 35% 35% 35 35 18 17% 18% 17% 18'/a 20% For footnotes see 20% 102 page 1627. *34 17% J35 17% 17% 2074 18% 20% *100 300 47 110% .35% 14 30 35%. 14'% . 20%. 101 34% 34% 18% 19 700 12,700 : 2,700 100 500! 98,300 4%% conv No par t — serial preferred..;.!00 Newberry Co (J J)——-.-No par 5% preferred series A ..100 Newmont Mining Corp.. —10 Newport Industries.... ——1 N'port News Ship & Dr Dock No par i..No par New York Central— No par conv preferred —1 Brake— $5 New York Air 18% Apr 27% Jan 2 10% Jan 12 3974 Feb 3 % July 7 Oct 29% Nov Oct Apr 5% Nov Jan 874 Dec May • May Apr Jan Jan 974 Oct 16% Oct 166% Jan 1674 Dec 574 20 Nov Dec 8 1274 Apr 1574 Aug 474 Jan 774 Nov 30 8 23%, Apr 5 85 Dec Nov 5 24 9 % Jan 674 Sep Feb 10 113 674 31% Apr Apr .30 874 May 1774 Apr V 1474 Mar 374 Apr 974 974 Dec Nov 26 Sep 18 Nov 674 60 Jan 72 1174 Apr 1674 Dec Mar Apr 22 17% Apr 8 171.Va Apr 10 145 May 168 Jan Feb 13 129 Mar 146 Jan 19%. Apr 4 37^ Jaii 11 106% Mar 31 2 6 74 Jan 2 10% Jan 12 17% Jan 2 95 Vs Jan 7 11 ! 10% Apr Jan 2 4 5 2 2 5 7 4 4 374 8V2 Mar 25 12 2 160 Jan 13 137 Jan 6 14% Jan 13 14 12 Va 25 Va Mar'25 16 14 15 2 5 No par .... Nelsner Pros Inc 2 13 "A 5 No par Co 100 14% Apr 14% Jan 674 Jan 9% Majr x25V'4Jari 17% Jan 6 Jan 70% Jan 2% Jan 52 Jan 5% Jan 14 Va Jail 57 Jan 62 Jan 2% Jan 6 Jan 9 '4 Jan 16 Jan 743a Jan —1.^40 100 —100 National Tea Co 19% 1 2074 Apr 31 % Feb (The) Pa.—.—10 prior preferred^ 86 35 34% *100% 4,800. t6#>. Natomas 13% 34% National Supply 4 5 4 4-A 4 "National Steel Corp....——25 Nehi Corp.. 35 par 17, Jari 5'A Jan 1874Jan 9% Jan 6974 1974 674 May 20% Apr "30 .No par •National Power & it— 2,000 *46% 1Q0 National Oil Products Go 2,500 14 20 +6% preferred B : Nat Ma lb & SVl Cast Co _-j..No 12% *108% -10 ..100 ... *84 . No par National Le^d Co +7 ')e preferred A......- *18Va 49 110% preferred.. lb1/* % prior preferred—______ 9 Va 9 conv ^$2 conv preferred— 170 6%. *12% par Stamping No par National Gypsum Co_-_-_.___—.1 1,500 80 6 Va ,10 .__^__N6 1,340 26 .76 % ,76Va so: ..No par ^rod. Nat Enam & $4.50 19 19 18 15% *165 166% 10% *84 Va .: 16 18'% 139 140% *139 18 Va *21 Va • 15% 15% *165% 141 % 8% 8 74 *8474 85 167 *139 8% • Deo Jan 4 ;8V4 Feb Jun 3% 11 5 1' 2 Sep 15 Va Jan 1 Feb ' Jan 29 por Oct 20 40% Apr .1 Oct Jan 2 x__Nd A- 2% Jan 53 Jan : —10 A Cylinder Gas Co 174 f® Jan 23% Jan 10 1474 Nov 9 Va Jan 7 IlVa Jan .12 5 A No par Apr Mar 374 Mar Mar 19 1 National Can Corp.— Nat Cash Register..—: Dec 67 Jan I3 .10 par Oct Jun 115 • Share Corp__.i..No 3,700 1774 9 74 7,900' St 18 V4 137« 8 74 2,900 a' Bond 14 Va 13% 17% 31 7%' 251 Nat Oct 118 r ^______100 3 Va 108'A Jan 2 33'A Jan 14 31 Va Jan 8 par y Corp.—__._5 preferred.^^..^. 111 1174 Apr? • —.100 Go.___ 108 . 2574 Apr 9074 Feb 4 12 84 4 774 Apr 2 J3% Jan • 11374 Feb * ' 17V2 Jan J Apr-30 3074 Apr 2 Jan 25 • 8 19 ;..10 14 ,-i 17% 3074 600 197» ' Oct 110 i, preferred 24% 13% 5 Va 20% 100 175 7% 9 18 *31% 102 33% 1 25 % 14 18 Va 110% Apr Oct Co 2474 17% 167 141 26 21 Dec Nat Automotive Fibres Inc 5,900. 12% 13% 15% 168 Va 13 175 v 207 a 18% *8474 15% 12% 1974 13% 8'a 874 85 : ;V: 12 :: 144 V 2174 2074 *139 197s 1974 19 Va 24 *9% 974- *167 * 1974 874 85/8 15% 10.600 1374 , 3174' 8 74 1 Nov No par 8% 11 10% 18 18% *84% *17074 175 *17074 175 7% 13% 2074 V- 2374 8 • ); 32% Mar 34%. Apr 9 ' 24 % 874 29 mmmm n Liquidating Co Nash-Kelvinator National • Jun 59% No par 6,800 > 22 74 Jan ..100 18% 8% 19 '35% : 1.300' ' Oct Apr 36 Apr .28 No par 18 V4 • . Jan 6 ' 20 *974 9 Feb 32 Dec • 75 No par P At 'Bro..—: Acme 72 Jun 474 4 58 i—1 40%' . 1074 1174 18 Va 18% 10 3 4 1274, 13% 18 74 8% 19% 8 1874 Dec 20% 8 Apr 8% Apr 23% No par ^ "5 39% 40 ' ' '4074 10% 12 74 24 40 834 1974 19 % ifl 107'4 874 874 11% 173 ; Nabco 55 3 Mar 31 • 10874 No Corp.. tNash Chatt & St Louls.^ ' 11% 8 74 1074 19.300 . 4 76 2 May Apr No par t4%'r preferred...... Murray Corp of America 800 : IVa 9 3 a1 . 9% : 9% 11 874 10 *1 '■ 1% Mar 16 Va ^-^^No par 4,600 Myers (P E) Jan 77 88 74 .1 Munsingwear Inc Murphy Co (G C)._. 100- •41 Va' V.; -40 "2 40%' Oct 8 i; $7 preferred—i. Jan 7% May . Mar 22 & CoNo par Co 647a Dec 108 Nov 26 Dec 7% * Apr x574 Dec 110 Jun 6 10% Apr 89 Feb 9 Jan 94 Nov 15% Jan May 5 74 110% Mar 29 15 Jan 974 101 30 Dec 974 118 Essex-_._.._i_____i...5'0 A Brass Jan Feb Apr 2474 39 4 j.__10 B.__. 1,100 i 9 8% 10 Apr Jan 7 :.-_20 Mullins Mfg Co classlB__ 110: 7 Oct Jan 108% 6 preferred series C_. -_.No par Montg Waid & Co Inc..* NO par A Mueller 600 66 *115% 9 . Aug 18% Jan ..i.lOO preferred_L.ii—- Preferred series 1,300 21% 66 118 V' 18 18 74 10 Va 774 v 38% 18 ? .... Mills— Chemical Co— w£i . 99 74 20 20% Jan .10 preferred series A- 2.600- < 70 *20% •" V 5%' 5% 69% 69 874' 7 106 Va Jan ... & 17% > No par (J) *1 1V2V V 974 9 9% 9 Jan par 1 Motor Products Corp.... Motor Wheel Corp.. A 40% 14 —100 Impl tMorris 20% 41 1 % *174 174 ♦174 174 *1 Va Power 'Morrell 874 Dec 1274 May 5% Jan - 3.030" 69 8% 101 Mar 10 26 Minn-Honeywell Regu No par 4% conv pfd series B_—i-100 4 'A % preferred series C— -100 6,600 *115% 118 8% 41% *41 42% *41 43 ..^.wlfl ...No 15%' -v: ~ *41 .5 Prod_._i. 21'a' H- 5% ► .i 1st preferred- cum 15% 27 Jun 9 6 26 % Apr ...5 Vi 20% ■ 76 21 7 25 par ... 15% 17% 21% 8% 8% 8% 8% 8% 8% Co ...No 20% 35% 26% 28 1474 Apr 111 Va Apr 9 16 4% Jan $4 35%." "34 >-:■ 8% Co 19% v 65% V':'V Trans 151 - 102''2 Apr 17% Apr Jan 6 par Copper.. Monsanto 109 Va*' Ill ) " 118 *115 116 20 Va j *64 64% 64% *67% 69 69 70 ' 5% 5% 5% 5% 5% *69 20% *20 ' • ^__.50 preferred^.. Machine 2,100- 40% 27% v 5% 89%. 10 a Nov 104 __^._1 1st Mln Mohawk 40- 17% 27% 17% 27% 70 89 Va 1 . - *34 22 60 27 2,400- * - Jan Sep 12% Jan j.___1 conv Nov 1% 1374 9 .j. Jan 374 30 HVaJan .No par Corp Jan 46 74 28 100 < 100 (The)— Jan 176 5% Apr 67% Jan Midland Steel 18,400- • *120% 15% 5% 10%' 25 *1:17 35% 35% 21 % 27% 6,300 10 121 40 Va 20% *68 3 Va 3 2,200: * 40 18 V 111 121 112 Apr 28 % Apr t$6 preferred series A^_._.No par Merch & 100 20 ' : *117 120 V4 * 8,100 *109% *116 118% 100 2,100 - 6% 19% 90 : 2974 7 4 5% 160 24% 90 ■' 112 • Jan 4 Jan Melville Shoe 116% 6% 3 % 89% 118% -i-—1 Corp—i Mengel Co 86 - 90 6 7'a Apr 31 Jan 2% Jail 100 Co.. preferred....^ conv 1,300- '•84 % 89% *110 ~70 Stores 4,800 8% 74 10% *12074 1 _i__18 preferred...... 77o" 115 Va 86 3 162 4 Jan 2174 Feb t$5.50 pfd ser B w w__._._No V 29 % 25 112 5% V 3,800 9% *113 10 118% • McLeilan 70 109 Va1 *27'a' * 20 Mar 28 3,900' *108% 19 Va 19% Mar 18 30 24% ' 6% *84 86 48 20% Apr 8V2 .1.13 6 Va 168 2 112 % Apr 85 74'% 113 5 Jan 27 v 7% *108 % *111 Jan 37 14 Va Jan McKesson & Robblns Inc 170 ; 10 73 116 74 165 .....100 Mid-Continent'Petroleum 75 27% Mar 26 Dec Nov 3 Va Aug 19% July 109 Va Apr 6 6'A Jarl 13 101 Feb 24 10,200 20% 112 9% 29% 26% 115 Va 30 Jan 2 Oct *80 24% -27%. 2 , 29 Va Apr 474 Jan 7,400' x24% • *108% 84 1 11 21% Jan par 37 8 Jan 6% Va '•' 24% 27% Nov Jan 22 2774 Miami 8 10 18 Dec 2574 6% Mar 5 32, 8 1,700 *33% 14% 3474 19 r Mclntyre Porcupine Mines..._^.._.';8 8% 25 39% ' 2274 May 3% Jan par 14 Mesta •9% *120% 40 4 Mar 11 par 29 1,200 23% 112% Jan 23% Mar 29 15% Apr 50% Apr ; 24% 74 6'4 3 89 39% 26% 7 24% Mar 15 31 10% *111 Jan 1774 May 374 Sep l8V4Jan 13 7% 24 V* ' Oct 1274 18% Apr 15 14% Mar 30 11 9% 29% ? 9% *116 11% Apr 2 8'% Jan 38'A Jan 19% ■ 23% *110 Jan 874 5 i 8% 24% 113 19% 3% 118% 474 Jan 9% Jan 19 >A Jan ■•109 i 10% *120% 9 par ......l • l.; 30% 28 *83 24 89 Jun 1 112 10% 23% 274 McGraw-Hill Pub Co.—i.___No par 30% 116 6 19% 89 5% Mar 15 McGraw Elec Co 30% *26% 108% *111 83 23% 2 900 30% *115% 73 McCall Stores Corp— McCrory Stores Corp...^ 5% conv preferred.. 400 28% 71 % ♦ 23% 3% Jaw 7% preferred -.100 May Department Stores., ...10 Maytag Co_____ ...No par $3 preferred...—... No par $6 1st cum preferred No par 27 74: 116% 28 Va 116 6% 89 74 Mar No 26 Va "8 % 3 3% 10% Mathiespn Alkali Wks_. 27 V; 8% 113 19% 21 22 Mar 24 1,100. ! 19% 2% Apr 1 *20% 8% ' 19% 27 No 210 30% 72% 83 86 *83 1 % Jan No ' 30 V< 28% .*110% 6Va 113 6 167'a ... 35 30 % *109% 109 Va 1174 May 6% Apr 1 34 Va 27% 24% 72 *674 5 Co 34 *26% 116% 71 % 71% 2% May 5 May 1974 Apr 2.700 :rr; ;:73:v;V:: - 34 34 34 27% % 28 7% 87 a 24% * 29 % 7% "26% *115% 28% 116 Va 73 29% 35% 8%: 24% 24%1 74 7% Va 30% 30% 20% 8% *80 35% 36 :-27^r 27 8 85 85 ♦28% 29 7% 8% *35% 10 8 15 9".'! 9% *73 74 29 27 Va *27% *80 85 "81 85 74 35% 1 2 237* " 9% 110 V *109% 9% 9'/4 9% 29 35% 3% Jan 6 % Jan 14% Jan 45% ■ 113 9% 20 500 Mar 15 45% 19% 9% 9% 9% 814 Co Jan par 25 ...No .... Elec 320 V 15 23% • 15% 4 5 ".4 18% 112% 9 74 . 2,700 115 *111% 23% 15% x45:% 19% 112% , 17 'a 14 Va 17 14% 115 V1-:' *23 % 9% i; 17 V. 14 *111 Va 46% *45% 115 9% 45 28%; 115 19 % 175 % M5% 4% *111% *112 : • , *27% 14% 46 '4 *1.(55 :?■ % V 4% 17 Va *73 8 8 L) Mar 15 : 131 _^__j5 Corp..— Corp Masonite Master 28 % 102% 74 28% 320 6 Dec 1 Martin-Parry 900 i 29% 4% 17% 29 *73 4 preferred__100 pr Field Ac Co^.... (Glenn 400 33 27% .15 110 *81 < <4 Jan No Maracaibo Oil Exploration.. Marine Midland Corp... 32% Apr 27 1 Bros..^ 2%, 25 V' 44 116 9% 9% 9% Jan Manhattan Shirt ■ Vv 9% 10 20 ..... Mahoning Coal Co.......... Manati Sugar Co__.._ 6 34 18 TV' 27 167 44 43% 28 *1714 V:'v:i4-' 115 *108% 110 \y' 25 19% ♦111% 9% ■ 6% *24% 45% 19% 110% 19 74 110% 6 ' 5% 25 . • 122 . ^.10 Martin 24% 24 45% Forbes.. -Magma« 9,700 25 14% 46 % St Dec 6 59% Jan — 21% 27 *111% 14% MacAndrews 153 - ' 15% J^in 6 % preferred * ..100 Mack Trucks Inc.——.....No par Macy (R H) Co Inc. .. Np par Madison Sq Garden.... No par 21% *26 4 Va 116 23% ; 21%-' 27 28 14 V* 15 *45% 5% 5Va *102 *111% 500 Jan ....100 " 17% 24% 24% *14% -17.3/4 ...i..lO 1,200- Marshall 33% 4% 14 Va 116 *111% 34 % Co......_ 1,200 , 300 • Jan 1974 3,100 *26 V4 27% 17 14% 14 74 20 % Dec Dec Mar 14 25 *102 17% *17% *1.00 ; Oct 1674 2474 15 14% *33 44 27% *102 13 V4 11% May 14% May 20 13% 27 *165 *4 4% 27% *34 Va 20% Apr 22 25% Mar 29 1274 27 'A Apr 13% 34 44 43% *27% 49 6 5 40% Apr 1974 Apr 13 14% "• *26 175 *165 175 44 *109 Nov 22 25 Va May 9% Jan 3774 4 18VaJan 4% /'V; 34 V 24% 24% 24% 5% , 28 *26 28 24 % 6 33% 33% 33% 33% *26 86 Feb 19 Dec 7% 2% ' 5 ■: 13 Va *18% 32% 42 74 5,800 *17% 2% 13% 13 % 5% Jun 4674 ' 14 *57 Va 22 Va A Jun 21% 9% 9% 17% 18 7 Jan '11% -■ 674 *9% *16% ;; - 11 Va 6% 9% 17% 30 74 2374 Nov 2% Mar v 138 *300 V *9% : '■ 21' 21 Va 20 Va 320 5% 6 5% 6% 6 *250 320 20% * 11 Va *11 11%' *16% * Apr 37 2.800 9% 173 16 3A Jan 28% Apr 36 Va Apr 31% 25%? 17% *115 4 177 9% Mar 25 25 V4 *9% : Apr 46% Mar 22 25% • *16'/a 118% 164'/a 58'A Mar 29 36% 2% * 179% Feb 7 2,300; 9% *110 3 4 36-% 17% *115 Jan Apr 11 36% ' *974 * 74 74 6% Feb • 28 • *16% 110 Apr 4214 Jan 120 / 138 *27%'. "125 I 36 9% 50 Va 2,000 :'.v-: 72 7174 28 *125 27% 27% * 138 *250 Jan 71% Feb " *27% ' 18% 2074 Jan 73% 2 37VaJan par Long Bell Lumber A± 3.400 26'a 4 33 Apr 1,400 26% v ■ 155 • - 20V4 7274 ; I per share Mar 50 "/a 16% Jan ' ——No par —.—....No 20 Lone Star Cement, Corp.,.—No par ..__No par Loose-Wiles Biscuit-..w.____ 25 2,300 , : 9 "a • ; Loew's Inc 6,400 » 9% 26% 18% 18% - 2ft % 71% V7174 *125 1774 17% 18% 18% 19 15274 :v 974 974 ' 2 12'Va Jan 15Vi Jan Liquid Carbonic Corp ....NO por Lockheed Aircraft Corp.; >-■ 15,100. ! Mar 34'% Jan Lion Oil Refining Co 300 19% *19 23% 74 33 70 Va Feb 24 700- i 19 19. v . 19% "*1974 19% 2174 r ; 19 4 , Highest 62% Mar 25 174 900 39 Va *38% ' . Jan 1942 $ per share 22% Jan 100 No par Lima Locomotive Wks.... No par Link Belt Co_____— ....No par 5,200 $ per share Lowest 63% Jan —25 .; Highest 30 % Lily Tulip Cup Corp...., 28 36 35% 34% 34 35 35 35 74 *38% 3974 19% 3474 35% ; ■ 35 *27% 35% 28 *27% 28 *27'/a - ...25 Series B tPreferred 280 Year, ji,iiK,:si $ per share 5 Liggett & Myere Tobacco 2,100- : 1' •* Life Savers Corp— 1,200 67% 174% 17474 174% 17474 67% 67% 677« 6774 6774 68% '/ Par 500 33 66: 66 . Ran^e Since January X . EX-CttAN^fci Shares 33 33 *65 the Week $ per share share per *32 ' 7 66 74 66 - $ 33 *32 33 *32 32 ■ ' 6574 $ per share share per *66 32% *32 $ Sales Apr. SO Range for Previous NEW YORK STOCK for Friday Thursday Apr. 29 Apr. 28 Apr. 27 $ per share per share Wednesday Tuesday , J 623 STOCKS SALE PRICES AND HIGH LOW Monday Apr. 2(1 Saturday THE COMMERCIAL & FINANCIAL CHRONICLE • Number 4173 Volume 157 2 145 < Jan 4 5% Apr 21 36 61% Mar 29 13%. Dec 29% Apr 36 54 4 26 974 21 Apr '21 1774 Mar 1% Apr 4374 May 133/a Apr Jan 3 74 Nov Jan Oct May 674 Jan Jun 1674 Feb 76Va Apr 30 4574 May 63 Feb 82 Apr 14 51 May 70 Feb 6 % Apr 8 274 Mar 4 10 % Apr 5 474 Oct 9% Feb 13% Apr 6 574 Mar 974 Dec 19 Va Mar 30 11 Jan 17 Oct Dec 86 % Mar 15 70% May 75% Sep 49 Apr 22 28 Apr 3974 Dec 112 Va Jan 30 104 Mar 110% Dec 37% Apr 8 22% Apr 3074 Feb 14% Mar 20 77/4 Apr 1174 Jan 2174 Mar 30 1574 Deo 25 % Jan 93% Dec 109 Va Jan 2374 May 32Vt Feb 12% Oct 101 Apr 20 6% Jun THE COMMERCIAL & FINANCIAL CHRONICLE 1624 NEW YORK STOCK $ per share *15% 15% 16% 16% 163/4 16% 41 Va 41% 42 V4 42% 44% 12 19 19 19% 183/4 19 102 104 110 ♦100 110 *100 110 43% 1% 1 Va lVe 1 Va 1 Ve 3% 3% 3% 3% 3% 3% % 11 13 % % •\k 24Va 24% 23% 28% *28% 3% % 243% *27% 28% *27 180% 180% 180 110 43% 25 % 1 Va 3% , u 24 Va 24% 24% 378 180 116 116 31 15% 15% 15% 16 15% 15 Ve 15% 35% 15% 15% 15% 54% 54% 54% 54% *54 55 54 54 55 55 55 53% 53% *53 54% 54% 54 : 55 15% . 53% 53% 54% V 13% 12% 13% 12% 1'3 Va 123/4 12% 12% 13 Va / 99 % 99% 99% 99% *99V8 99% 99 Va 99 Ve 99% 993/e *993/8 15% 16 15% 16% 15% 15% 15% 15% 15 V2 16% 16 Ve 16% 111% 112% *112% 113% *112% 113% 111% 112 *18 18% 18% 18% 39 % *38% 39% 19 *38% 5% 5% 5Va 19 39% 39% 19% 19 Ve 5% 5% 5% 17 80 May 23% Dec 109 Feb 54 Jan 50 101 *41 43% *41 12% 12 12 113/4 113/4 113/4 113/4 *11% 12 173/e 17% 17% 17% 17% 17% 17 17 V4 17 y4 17% 17 VA 17% *40 % 40% 40 Va 40% 40 Ve 40 V4 40 40 Ve 401/4 40'A 401/4 63/4 6% 6% 6Va 6% 6% 84% *83% 847/e *83 % 84% *83% ' Preferred —' : 6 2 1% Jan & Jan 14 23 Jan Mar 3 26 Apr 5 31 162% Jan 2 181 5 116 Jan % Jan < a oct 2% % Sep Oct Jun 303/i Jan 19 15 Va 29 Apr 23% 143 Mar 192 Apr 108 Mar 116% Sep 24 10 9% Jan 7 16 Apr 21 49% Jan 5 55 Apr 8 39 11 Va Nov Apr 52% Jan Apr 53 Jan 6% Mar 48% Jan 5 9J/2 Jan 2 54% Apr 24 14% Apr 8 39 —1 9% Dec 14 50 ..91% Jah 6 99 Va Apr 20 85% Apr 96 100 7% Jan 2 17% Apr 113 Feb 6 4% Jan 8% 100 Apr 110% 8 Apr 17 Va Apr 38 107 No par .—No Telegraph 16 Va Jan par 50 36 No par 50 31 . ... Jan Jan 26 Jan 5% Mar 29 15 8% Jan 31% 1 Jan 45 Apr 7 12% Mar 25 20 Feb x3 % Jan 14 —...2.50 2 19% Apr 30 40 Feb 15 19 6 Dec Jan Apr 21 50 ..50 .—■ Feb Ve Jan Mar 29 113 May aV Jan 1 1% Mar 6 4 20% Jan Apr 26 47% Apr 30 2% Mar 1 4 100 Norwich Fh&rmacal Co 400 22 A Jan .100 Norwalk Tire & Rubber 1 Jan part stk—_ 1 American Aviation... Northwestern 1,100 ■; 43'/a 12% preferred- 12 4 28'/a Jan —100 Northwest Air Lines 10 5 % 43% 12% 43% Apr preferred tNor States Pow $5 pfd 3,900 ' 43% *41 106 non-cum Northern Central Ry Co.. Northern Pacific Ry 60 19% 40 *39% *12 43% 110 North 6,600 ' *41 *41 *41 1,400 13% 100 19 40 *38% 5% 5% 5% 5% 5% 19 39% 18% *38% 112 112 112 54% 13% Dec Dec Apr Dec preferred series.. 63A% preferred series— 210 ^111% 54% 6% 16 % 123/4 6% 52,900 *53% 4 Feb 60 Va North American Co 18,600 1,900 13 % * Jan 28 Noblltt-Sparks Indus Inc 5 fNorfolk & Western Ry— 100 tAdjust 4% preferred.—... 100 220 31 Feb 15% Dec Apr 22 Conv 720 117 28% 51 10% Jan Apr JN Y Ontario St Western 500 179 *115 117 31 178 *115 283/4 17 35 1 27 N Y Shipbldg Corp 2,300 178 11% Jun 5 104 700 116 *28% 6 2 6,300 176% Va Apr 46 Apr 203/4 Apr 7 li 116 Highest $ per share 6% Jan IN Y N H & Hartford— 180 18 1942 i63/4 Jan 10% 243/8 27 share 63% Jan 8,200 , Jan per par |N Y Lack & West Ry Co——100 116 28% -No 3% 3% % % York Dock $ per share share 31 Va Jan 27 14% Jan 5 No par l'/a 1 Ve 3% 3% 24 23% 24% l'/a 11 ..—100 Omnibus Corp— 2,180 47% . 1 1% .-100 preferred series A N Y & Harlem RR Co 110 45 $ per Lowest 5% preferred——.....—No par 50 350 *100 44% New 500 103% 177 180 *115 116 *100 43% 423/4 103% 6% NYC 800 25% 103% 25 103% 11% *11 11% 11% 25 25 *23% 102 lVa 24% 11% 103/4 12 253% 99 43 N Y Chic & St. Louis Co.. 1,000 * 11 Ve 253/4 , 25% Par 6,900 19' Year Range Since January 1 Lowest Highest ' EXCHANGE 1,400 41 423/4 1% 116 153/a 100 43% share Range for Previous NEW YORK STOCK Shares 193/a 43% 43% ' $ per share 42 *100 108 *98 share 100 993A Apr. 30 ■ 15% ♦19 19% 25% 273/4 993/4 42 12 11% 11% *26 share per Apr, 29 $ per 15% 15% 41% •19 19% $ per Sales the Week 41 Va 15% 15% 42 % 42 *18% $ $ per share STOCKS Apr. 28 for Friday Thursday Wednesday Tuesday Apr. 27 Monday Apr. 26 RECORD AfoD HIGH SALE FRICES LOW Nskturday <&pr. 24 Monday, May 3; 1943 73/4 Sep Jan Jan Nov Sep Dec Mar 3% Dec 34 Oct 10% Jan O 67/a 63/4 03/4 84 Va 63/4 84 6% 84% 84% 84% 7% 73% 7% 18% 150% *150% 7 Ve ♦57% 8 152 18% 35 *35 36 Ve 58 *55 59 *55 59 *55 X573A- 58 60 *54 57% 58 57 57% 57 Va 573/4 573/4 58 V* 11% 11% 11% *111/4 11% 11% 11% 11% 11% 123/4 50 48 11% Jan 13 29 '/2 Jan 6 3% Jan 2 50 No par —6 100 No par No par 8V4 3,200 Equip— (The) 8% preferred A Oppenheim Collins 18% 4,900 Otis Elevator.— 151 *35 36% par Oliver Farm 9,600 84 % 150% 35 *35 No 1,500 6Ve 181/4 150% Ohio Oil Co 40% 7% I8V4 150% 18'A 18V» *150% 151 73/o 7% 7 Ve 7% 18 V* 18 Ve *150% 152 35 35 36 *34 * 7% 18% 18 18% 150 Va 19,500 6% 50 36Ve 30 '■581/4 11% ll3/4 *11% 11% 12% 131/4 12V4 12% 4,110 48% 49 V. 493/4 483/4 48% 650 24% 2,920 58 Jan 2 3% Jan 2 15% Jan 8 142 90 .--No 17 Mar 5 2 151 28% Jan 15 par 46 Jan 54% Jan Deo 30% Dec 6% Jan 59 4 8'A Apr 5 12 Ve Jan 2% Jan 3 20% Apr Jan ..100 6% Apr . 8 75/e Mar Jan 2% Apr 11% Mar Mar 19 132 38 Apr 8 xl6% 22 58 Apr 24 12 60% Mar 12 Mar 79 Jan 4% Jun 17% Dec 143% Sep Dec Apr 27% 42 Jun 48 43 V4 Apr 573/4 Dec Mar • 58% v/; 58V4 . Co_i'._— tOutlet 69 17% Apr 22 423/e Apr —5 preferred Outboard Majrine Si Mfg— 300 ... 59 . Omnibus Corp Owens-Illinois 5,100 Glass Co——12.50 p *11% 11 11% 11 »/4 11% 11% 42 43% 43% 443/4 *45V2 22% 231/4 22 3/8 24% 24% 25'/4 24% 13% 13% *131/2 *13% 143/4 *13% 8 Pacific Amer Fisheries Ino 73/4 Jan 2 —10 6 V8 Jan 5 13% Apr 29 —No par 2d No par Pacific Finance Corp (Cal) .—10 800 23 Va Jan 5 49% Apr 29 14% Jan 13 25% Apr 29 Mar 15 16% Jan 20 Coast Pacific 1st Co. preferred preferred 13 22% 22% 22 23 14% 14% 14 14 28% 28% 28% 28% 28% 28% 28 3/8 133/4 28% 28% 287/e 283/4 28% Pacific Gas 23% Jan 5 *40% 41% 40 3/4 411/4 40% 41 411/4 41% 41 41'A *40'/e 40% 1,200 Pacific Ltg Corp No par 33 Jan 4 24% 24 24 233/8 24 23% 24'/4 241/4 25 2,500 Pacific Mills No 19 Jan 2 27 91% Jan 25 24 24 400 14 2,lfl0 & 10 ...25 Electric— par 29 8% Jan Apr 6% Oct Apr 25% 9 % Apr 16 Oct 7 Jan 21 Nov 4% 16 41% Apr 28 24% Mar 26 Oct 15% Apr 24% Nov 22 Va Apr 34 Nov 133/4 Jan Mar 25 19 Oct 101 Jan c 152% *152% 152% 3% 33A 3% 33/4 33/4 3 3/4 3% 3% 16% 16% 16% 16 Va 16 Va 1634 16% 4% 4% 4% 4% 4% 4% 4% 303/4 313/a 30% 3lVa 303/4 31% 311/4 31% 93/4 93/4 *9% 9% 9% 9% *9% 9% 30 311/4 *9% 10% *93/4 10 110% 110% 2% 2% *1007/e 101 *98 24% 24% 170% *110 •: 110% 2% 41% *40 41% *100 101% 101 Va *98 2% 23% *99 24% 23% — 23% 24 23% 101% 101 % 20 25'/4 29,700 24% *24 *24 26 26 *24 *24 26 —- K% Pictures Park 26 2Va 2% 2 Va 2% 2% 2% 5,200 —1 28% 28% 283/a 28% 28% 28% 2,800 Parke 28% 28% 17% 17% *17% 17% 17% 18% *173/8 18% 17% 17% 173/4 18% 900 5% 5Ve 5% 5% 5% 5% S3/# 5Va 53/8 5% 5% 11,700 25.% *25% 26% 2,000 90% 25% 90% 90 5% 5% 5% 2% 2% 2% 39% 39% 39% •15% 16% *15% 573A 57 89% *2% *21 % •51% 2% 2% 1,400 *38% 39% 300 153/4 15 % 30 22 *21% 22 22 52% 4% *4% 42% 41% 42% 42% 12% 12% 45% 45% 35% 35% *243/4 .25% 9% 9% 9 9 Va 7 7V4 6% 7 12% 12% 12% 12% 12% 44J/a 44% 45 45% 45 Va 45%, *33% 35% *33 35 Va *34 *24% 24% 35 26 s ■ bji- 100, 52% 1,400 300 5 ■ 42% "/• 43%- 19,800 f, 13% 43% 45% 5 13 13% 1,300 • 47 47% 48% 1,700 *35 36 *34% 35% *243A 25% *243/4 25% 9Va *9% 9% 6% 7% 25% 26% 25% 25% 253/4 43% 44>A 44 44% 43% • 100 9Va 700 '7 7% 5,900 26% 26 26% 15,700 44 44 44 V"' 26% 26% 26 Va 44% 44% 44% 44% 85% 85% 85 85% 853A 85 853/4 85% 85% 853/4 340 21% 21% 20% 21V* 20% 203A 20% 20% 20% 21% 21 21% 5,800 78 78% 78% 78% 79 79% 80 793/4 80 80 80% 2,500 *85 •; 106% 106% 107 107 107 *109 110 110 no 109% IO93/4 10% 103/4 *85% 10% 11% 89 49% *5% 5% *85% 49% 49% ; 5% 6% 23% 24 *23% *102% 113 ; 5% 54% 6 *8% *70% 12% 54% 8% 75 12% 175 *160 ■V". 5% 53% *8% *70% 12% 12% 6% 6% 6% 6% : , *84 86 53/4 523/4 8 8Va 703A 12% 12% 5% 1% 8% 8% 8% ~5% 5% 8% 8% *23% *102% 5% 6 5% 5% 7% 70 12% 53 52% 52 7% . • *70 12% *160 53/4 8% 8% 79 79 79 77 77 41% 41% 41% 42 41% 42% 41% 42 70% 70 70% 70% 70% 70 70% *14% 15 15 15 14% 4 4 14% ; 3% 1% *3% *14% *75 "3% *3% 6% 8,600 6 S/8 2,600 20 86 25 '■ 55% 8% *70 12% 60 89 493/4 48 12% *160 .V: 14% ~5% i'4 8% 6 Va- 4,800 4,000 Se % 8% 2,000 74 V 80 900 12% 175 79 "53/4- 8% 83/4 *75 78 41% 71 14% 3% 14% 15 770 15 ' ; ' 500 *155 3% 3% "4 >:••• 1,400 44% 44 44 42% 42% 44 45 44% 45 37% 37% 37% 37% 36 36 ' 36% 363A 36% 36% 363/4 36 %„ 20% 20% 20% 20% 20% 20% 20 Va 20% 20 20% 20 20 2,400 22 22 22 22 *21 22 200 44% 8% *17% 10% 44% 8% 17% It *43 8% *21 8% 17% 10% 10% *10% 11 35 35 *34 34% 55% 55% 120 ♦118 16% 82% 16% 83% 96% 96 55% 55% 16% 83% 95% 8 17% 17% 17% 10% 10% 103/4 10% *10% *33% 34 Va 54% 55% 16% 83% 16% 83% 95% 96 117 118 117% 118% 118% 118% For footnotes see 117% *117% 33% 32% page 1627, 118 33% 103/4 *103/a 34% *34 34% 54% 53% 543/8 1183/4 118 3/4 1183/4 118 16 16% 16 Va 16% 16 83% 84 84% 85 85 83% 96 17% 11 54% 16% 119 34% 8% *32% •118 109% 33 8% 17% 103% *117% 73A 10 Va 108% 33% 22 *10% 17% 107 117% 7% *21 105/a 106 % 33% 7% 22 107/a 17% 105% *117% •21 10% •118 119 119 8 22 , *10% 17% 11% *10% 6 4 95% 1083/4 117% 96 109% 118% 54% 410 140 \ 33% May 15 Aug 104 May 18% Jan 16% July 36 Apr 108 Va Feb 25% Nov 23 Va Jan 47% Dec 2% % Jan 5 15% Mar 6 44% Apr 14% Apr 18 51% Apr 19 Jan 27 40 Apr 23 Feb 20 25 Jan 4 6% Jan 4 Jun 7% 5 36 Feb 18 Apr May 513/i 5 29% Jan 19% Jun 27% Jan . 9% Apr 15 4 Apr 5 Mar 22 Dec 233/4 Jan 8 37 4 46% Apr 6 68% Jan 2 14 86 Apr 22% Apr 8 133/4 Jan 5 28% Apr 49 Apr 7% Jun 71 20 82 4 55% 7V4 Feb Jan Apr Jan Dec 79 110 9 80 uct 46 Dec 29 5 92 Marl5 50 Apr 26 30 16 6% Apr 30 Jan 18 12 Jan 86 Mar 29 4 25 Apr 1 Jan 8 102 Jan 3% Feb 8 6 % Apr 30 6 S6V2 Apr 29 Apr 13/4 Feb 43 107% Mar 3% 34% Jan 5 Jan 25. 59 Jan 14 9 Va Feb 4 May Oct ~4% Sep May 26% Apr 9 Mar 30 43/a July Apr 14 663/4 Deo 7%' Apr 38% 6% Jan 10% Nov Jan 9 170 Jan 9 165 Feb 165 Jan 21 178 Apr 6 165 May 175 Apr 6 33/4 Apr 4 4 Jan 4 4% Jan 13 59% Jan 5 63 10 Oct Jan 68 175 6 Nov "3 170 Feb Feb Dec 5% Jan May 47% Apr 63/8 Jan 82 Apr 8 6 62 Oct 24, Jan 13 43 Apr. 1 20 Jun 33% Jan 66 Jan 4 73 Mar 31 58 Jun 70 V Feb 7% Jan 2 150% Jan 4 l3/4 Jan —.—— A Dec 19 V< 71 13% Apr 65 preferred.——.——100 Class Jan 15% Jan Pittsburgh Forglngs Co.. 1 Pitts Ft Way & Chic Ry Co——100 Class Nov 8 70 t Dec Jun 20 102 Ry Co 100 Pittsburgh Coal of Pa 100 6% preferred————.—..100 Pitts Coke As Iron Corp. No par $5 conv preferred No par Jan 76% xl4% May 18 Va Jan ——....——.100 Va Jan 98 3% Jan Plllsbury Flour Mills—-——25 40 Dec Jan 32% 103 Jan 44 6 108% Mar 30 6 V» May 65 May 17 6 Va Jan ,113% Feb 27 79% Jan No par 7% preferred—..—1——100 Phillips Petroleum— No par Pnctenix Hosiery...—.., ___5 Oct Dec 4 5 7% Apr 27 293/8 Mar 29 106 Apr 20 109% Jan 7 30 8 29 preferred—100 —_—.100 Jan 20 B preferred Jan 167/a Mar 29 150% Jan 4 30 28 38 6% Jun 153 July 10% 153 Jan July 4% Apr 1 453/4 Apr 20 Apr 22 3 11% Jun 14% 5 Oct 9% Apr 1 15% Jun 3% May 18% 7 5% J(fn 17%' 2,700 Postal Teleg Inc preferred—No par 17% Jan 10% 6,500 Pressed Steel Car Co Inc.—.1 63/a Jan 6 11% Apr 6% Jan 14 11% Apr '36% 300 243/4 Jan 4 543/g 3,200 1st preferred———.5 5% conv 2d preferred— —50 Procter St Gamble—.—No par 11 5% 118 390 16% 10,900 85% 1,600 1,360 119 32 Va Jan Jan 430 33 Sep Jan 44 4 110 32% 4 2 Jun 3,000 8% 95% m\ Dec 21 Apr 23% Apr 109 Va 118 Oct Dec 82 18 96 118% 29 % 60 34 Va Feb 100 Dec Nov Apr 6 Feb -8 Jan Apr Jan 1 Jan 110 *117% 6 Apr Jan 17% Mar 18 95% 118 523/4 Apr 29 ' Jan Plymouth Oil Co.. ..——,—5 Pond Creek Pocahontas..—No par Poor & Co class B.——No par 1093/4 *117% 9 4 " 17 11 3 5 Va Jan Phillips Jones Corp Preferred 23 28 Va Jan series—100 series.— 9 5% Jan 12 Oct l'/a Jan 5 l3/4 Feb preferred.—50 / t$6 preierred— —No par Philco Corp—3 Philip Morris St Co Ltd—...—10 tPreferred 4%% 3 32% Apr 463/a Jan tPhiladelphia Co 6% 14 % % Feb 2 17% Feb 5 JVo par .—.25 Corp of America Brewing Co—.J Phelphs-Dodge Corn—.. Pfelffer 3 6 17% 32 Mar 26 Feb 109 Nov 13% 173/4 Mar 26 6 Dec 101 44 7% Apr 30 33/4 Mar 26 44 Oct 38 66% May 1% Apr 4 24 23% Jan No par Petroleum 13% Jan 109 Pittsburgh Steel Co———No par 7 % preferred class B— .100 5% preferred class A—a. 100 5%% 1st ser conv pr pfd-.:—100 Pittsburgh As West Va————100 Pitts Young As Ash Ry 7% pfd—100 Plttston Co. (The) 1 1,110 903/4 Apr 6 Pitts Screw Si Bolt———No par 60 72 60% Mar 11 1 % Jan 19 Va 28 Ve Mar 30 13 Jan 3% Jan 900 41% 71% 12 80 33% Jan 3,300 ; 41% v 2% 29 Va 55% Apr par 7% 5®/a Jan A Mar Pitts C C As St Louis 71 *155 1% 900 113 41% ; *159 *159 *158 *158 *75 :/ *179 *83/a >"• 8% 70 *75 8% 175 5s/a 79 300 tVr6 *179 1% 5% 11% *102% 74 *12% 175 *10% 243/4 56% 8% 70 40 ♦84 113 *179 ... 86 24 112% /*85% 6%: 113 *162 175 *179 5% *84 86 89 233/4 109 . 49% *102% 233/4 113 5% *162 ■' 165 *161 493/4 70% *179 *179 *853/a 88 493A 280 *107% *110% 11 49% 523/4 8% 75 *10 88 86 54 11% *10% 88 *102% ... 5% 108% 493/4 *23 24 113 108 *110 V 112 110% 6% 50 ; *102% *110 49% ♦85% 88 86 *84 86 *84 10% I 107% 107% *106 ♦10% 85 : 510 Oct lVa 5% Apr 26 Pet Milk Co— ■ 143fe 5 No par Penn G1 Sand Corp.. No par 5% preferred. —— 100 Pennsylvania RR 50 Peoples Drug Stores Inc— .5 Peoples G L Si O O (Chic)—100 JPeoria As Eastern Ry Co.—-—100 Pepsi-Cola Co— —1 feie Marquette Ry Co..— .100 5 % prior preferred————100 5 % preferred.——.——100 ! ' 26% 78 * 100 6% 9% 800 Apr l3/8 Jan No Dec 2% 113/4 18% Mar 30 Jan 106 Va Apr 19 7 23 Jan 19 Mar Jan par 8% 25% Apr 90 16 Co Oct Jan Apr 13% Aug $7 conv pref ser A— 23,600 22 52% 0 5 12% 6% *9 6% 16% 30 :U'.y 523/a *43/« *12%. 24% 52% 52'/a 41 8% 293A *21 43A 41% 25% 22 523/a 41% . 22 4% 5 41% 6% 16% 29% Jan 243/4 Apr 17 2% Apr 8 29% Mar 8 2.50 Penn-Dixle Cement. s107% 29% 52% 52% 41% 8% 16 *109% *21% 5 16 16% 7% 29% 29% 52 63/4 409 Va *103% 29% 5 *24% 21,000 2% 39% 30 52% *4% 73/8 2% *38% 6% *21% 22 7% 2% Sep 1 Nov 20% Apr 7 —No par Penn Coal St Coke Corp——10 (J C) Penney 101 4 6 28 Apr 2 -No Penick Ac Ford 1,900 Dec lVaJan No par Patino Mines & Enterprises..—.10 300 573/4 90 %. 38% 6 39% 15% 16% 90 2% 3 *38% 90% 38% 5% 5% 5% 3 39% 26 *56% 57% 90% 90% 29% 29% 29% *56%- 57 90'A 26% 26 26 253A 57% SO *109% *109% 26 57% 90% *56% 57% 27 17 174 9 17% Jan 22 Parmelee Transportation 26 Apr 6% Dec 27 Va Jan Parker Rust Proof Co— 5 113/4 1 Co 28% 25% Oct 5 26 102 12 Mar 3 2Vb Apr 42 % 22 138 9 Jan 112% Apr 2 Jan Jan 1% 934 Apr 27 2 15% Jan ...1 Park Utah Consol Mines 28% 28% *56 % Jan 5% 8 No par 2% 28 Davis Si 100 1943—100 Tilford Inc.— & 2% 2% 2 148% Nov Apr 1% Mar 6 Apr 32% Apr 35% Jan 12 par ..100 Inc— pfd called May 10, 105% Jan 1 No ... preferred. conv Paramount 1st Inc 5 Apr 8 173A Apr 16 2% 2% 2 20 Parafflne Cos 100 ' 74 121 43^ Mar 4 7% Jan Mar 5 2 Jan 23% Jan Car— Motor Panhandle Prod & Ref 200 ■ 26 430 32,500 — 3VaJan Corp—.5 Pan-Amer Petrol Si Transp. 5 tPanhandle East P L 5.60% pfd_100 200 100 154% Mar 29 5 2% Jan 9 ..10 Pan American Airways - Jan No par 22,200 2% ■ Corp Packard 41% *40 101% *101 Pacific Western Oil 900 110% 2% 2% 41 t6'/o 22,700 . 148 preferred. ——100 Pacific Tin Consol'd Corp— .1 70 7,700 ; 4%, 110 110% ,, :'/Al/:/. 101% — *24% 26 2% 2% 2% *40 *99 *24 110 110 110% 2% 2% 24% 24 rl70% 110% 42 42 41% r Telep Si Teleg.—.—....100 tPacific 360 ■/■i:/ 3% 16% 4% 30 % 2% 99% 153'A 16% 30 110 153 153 4% 4% *40 99% 153V4 99% *99% 153 *152 153 '33/4 17 4% 99% *99% 993A 99% 153 153 16V4 3% 3% 17 99% 99 98% *98 . 63/4 Mar Mar 25 953/4 . 119% 760 117% 117% 50 33% 33% 13,400 14% Jan conv Pullman Inc. No par 5 48% Jan . 4 1143/4 Apr 5% pfd (ser of Feb 1 '29) 100 Pub Serv Corp of N J———No par t$5 preferred . --No par 16% preferred 100 t7% preferred——.——.100 +8% preferred —100 fPub Ser El St Gas pfd $5 No par 2 7 113/8jan 6 75% Jan 20 3 22% Mar • 9% 5 5% Jun 8% 5 6 Va 8% Jan 37 Apr 2 56% Apr 20 Feb 13 17% Apr 88% Apr 6 5 123 Jan 85% Jan 2 101% Apr 6 96% Jan 4 110% Apr 5 109% Jan 116 V8 Feb 4 126% ARr 6 4 119 263/4 Jan 2 Jan July 22% Jun 42 Feb 115 Feb 9% Jun 21 29% 52% 122 14% Sep Jan Jan Oct Oct Jan Mar 863/8 Jan ,73% Mar 79% Mar x99% Jan 62 111 Jan Jan Mar 123 Mar 30 111% Mar 116 35% Mar 31 203/4 July 99 28% Oct Nov Volume THE COMMERCIAL Number 4173 157 Apr. 26 $ per 99% 100 $ share per $ per share 18 17% 107% 107% 99% 100 per 18 1.7% 108 *107% 100 *107% 99% 100 $ share 99% 17%'v 18% 107 107 107 9978 per 17% 17 % 17 107 > $ share Apr. :>0 Apr. 2!) Apr. 28 '$ Sales the Wcck per ' 18% 18 100 % Range Since January 1 Lowest Oil Pure 42,700 108% 1,400 6% 100% 2,300 5% —No par (The) 17'/a 17% 19% 18% 19% 18% 20% 19% 20 19% 20% 13 13 13 13 13 13 13 13 13 13 13% 13% Purity Bakeries 14,900 700 Jan 14 ; $ per share 18 Lowest per share % Apr 27 7 1942 : Highest $ per share 11% 106'/a 100 104% Feb 3 109 Mar 18 90% May 92 % Jan 2 100% Apr 30 80 '/a No par 13% Jan 2 20% Apr 30 9% Mar 10 ; Previous Apr 100 10% Jan 4 13% Apr 6 8 V4 Mar 4% Jan 2 preferred conv preferred " 17'/a 11 Year Highest $ per share Par 99%4 108 108 Range for STOCK EXCHANGE Shares share 17% share YORK NEW for Friday Thursday Wednesday Apr. 27 1625 STOCKS SALE PRICES Tuesday Monday Apr. ?A HIGH AND LOW Saturday 1 & FINANCIAL CHRONICLE Jun Dec Dec 92% Dec 1474 Nov 10% •r Oct Q Quaker State Oil Ref Corp R 10 % 10 66 3/a 7% ~734 85% 28% 32% 7 29% 5 J;/; 143i 78 57 9% *99% 100% 29 29 *28% 37% 83% 78 9% 16 34 *99% 100 *993/4 8% 8% *93 : 70 300 240 934 9% *9% 974 1,100 16'/a 1734 17 Vs 17% 18,000 100 100 81. 82 94% 69% 70 6% 6 V* *67% 70 69% 10% 10 34 10% 10% 10% 103/4 10% 10% 10% 10% 10 V4 10% 1,500 91% 91 Va 91% 91 % 91 Va 91% ■£ 91% 91% *90 54 91% 90 7/a 9074 100 *9% 974 9% 934 9% 27% *0 = Ifi Oi) uu 36 97/8 974 97a 9 36 9% 7 16 9 *8% 9 % *22 Va 23 Va *22% 23% 153/4 15% 15% 15% 15% *47% 49 7% 7% . 1% 714 *6%' ! lV'S 6 '/a 10 *8 / •/■V 9 v *8V« 83/4 23% 15% 15%:- 33% % 15% *47 Va 49 33 *23 23% 2374 800 15% 15% 153/4 : 1,500 10 - 6% 6% 6% 10 1 % 1% 1 % 1 VB 6% *8 ■ 1 % 3934 39% 39% 393/4 39% 3934 39% 110% 110% 110% 110% 110% 110% 1103/4 I! 0% 1.113/4 111% 111% 11% 11% 11% 11% 11% 11% 13.3/8 11 Va xll% 11% 7,100 36% 36% 35% 36% 34% 35% 34 V8 35 101 % 101% 101% 100 3/4 101% 42 42 *110% 112 112 *106 108% "41 42% 42 % 108% u 40 102 102% 42% 112 112 112 *107 3/4 108% !i % IO2V2 102 36 35% 36 35 102'A 41 112 107% 108% U 41 »/2 411/2 *41% lll'/a 111 7/a 1081/2 108 '4 108% 111 % VI % 3/4 2 % 2% 2 % 2% *2'% 2% 2% 2% 2 1/4 22% 22 % 23% 24% 233/4 24% 23% 24% 2 4'4 ,/ 3 3 Va 3% 3% 3% 68% 69% 683/4 69% 69% 69% 68% 69% 68% 69% 69% 6974 13% 137/8 14 137/8 13% 13% 133/4 137/8 14 14% 14 % 3,800 14% 14% ,14% 14% 14% 14% 14% 65 % 64y« 64% 14% 66% 15% 147/8 15% 15 *71% 73% 71% 71% *713A 731/2 *71% 8% 8% 8 5/a 8 3/8 8% 83/4 8 74 8% 23% *38 % 38% 28% 38'% 38% 23% 23% 233/4 23% 237/8 23% 4% 4% 4% 4% 24% 23% 24% 24% *1% 25% ?: *24% 26 40% 407/8 41 114 111 % 110% 108 ♦109 114 *19 114 28% 19 19 25% 42% 42% *273/4 111 1/2 3.09 27 26% r> 26 3/8 27 26% 27 27 13 12 s/8 12% 12% 12% I2V2 13 12% *139% 140 % 4 Va 4 37/8 4 4 4 4 t$6 preferred 27% " 13 4 23% 19% 3.9% 3.9% 19% 19:% 1,100 257/8 251/8 251/4 2534 25J/2 2,100 So *139% 140 Va 140% 233/4 .24 140 V2 140 140 233/4 2,200 Southern 13% 13% 2.100 Southern Natural 263/4 28V4 27'4 28% 127,700 £■■'•12% 26% 27 25% 26% 27 34 28 Va 27% 28% 27% 27% 26% 27% 2734 28% 28 29 46 46% 45% 46% 45% 45% 45% 46 4 6'A 47% 463/4 47% 62% *61% 62 61% 61% 61% 61% 61% 63.1/4 62 62 4% 4 28 *27% 3 7/a *38% *27% 5% 32% 36 36 57% *56 57% *56 5% 5% 50% 5% 50 49% /• 4% 4 37/8 *38% 5% 28 31% 32% 36% *55 57% 5% 49% 50 47/8 37/8 45 5 5 *374 *38 34 4% 45 474 3% *38% 22,500 4,900 80 5% 8,900 37/8 300 45 20 27% 28 31% 36% *36% 5 45 *35% 28 32% 31% 4% *37/8 *38 3/8 37/8 45 27% 28 28 28 Va 28'4 600 31% 32Va 32 32 34 32% 32% 6,900 363/4 *36 36% 36 36% 500 571/4 *55 *36 57% *55 5% 49% *55 50 57V4 6% 57/8 6VB 19,700 5OV2 5 3/4 5% 49% 5% 50 50'4 50 '4 670 3 5 3/4 36 36'4 1,400 36 36 36 35% 353/8 *114 123 *114 123 *114 123 1143/4 114% *3.14 3.20 *114 120 20 53 53 *52 54 *53 54 54 54 *54 56 *53 55 200 117 *115 117 *115 117 *115 117 20 7 26,500 110 500 ■ 116 116 35% 109 6% 6% 34 3 Va 3 6% *108% 109 109 *353/8 *115 117 *115 6 '/a 6% 109 36% 6 3/4 7/a u 3% 3% 2474 25% 24 24 24% 25% 3 24% 6 »/2 6% 13 V8 6 3% 6 34 110 110 *3.09 110 % % 3% 3 6% *1083/4 110 35% 74 39,400 3% 3% 31/4 3 Va 3% 13,900 2534 25'A 26V4 2534 26'4 8,900 3134 tMobile & $4.50 $4 preferred $6 cum prior preferred prior preferred 30% 31% 29% 33.1/4 32 34 31 »4 32% 29,300 35 35% 35% 36 36 361/4 36% 36 7/a 21,400 Standard 31% 31% 31% 3074 31% 31% 3234 321/2 3274 16,000 Standard Oil of Indiana 53% 54 537/a 54 '/a 53% 54% 54 541/2 541/4 54% 54% 547/8 23,700 42% 41% 41% 41% 417/a 41% 41% 41% 411/4 41% 41% 774 7% $7 cum Oil of Standard Oil of Ohio Steel Spring 28% *28 28 % 28 28 28 28 28 28 65 65% 65 65 65 65% 65% 65% 651/2 65% 11 11% 11% 117/a 11% 11% 11% 11% 111/4 IIV2 U.1/2 11% 8 34 8% 8% 8 8 34 834 8% 8 3/4 9 18,600 9% 9% 9% 91/2 9% 9% 97/8 12,500 Stone 10 11 11 8% 9% 10 3/4 10 11% 60 59% *122% 124 1233/4 10 3/4 10% 11 37,200 Studebaker Corp 800 18 Va 17% 17% 3.73/4 18 Va 3% 33/4 3% 3% 3% 33/4 3% 7434 75% 751/2 75'/2 74% 18% *18% 18% 3:,/4 37/8 33/4 374 7374 75% 75 29% 29% 28 29 *2774 28V4 29 29 29 29% 29% 18 74 75 28% 28% *29 29% 9 % 9% *9% 10 »/4 *9V4 IOV4 *9% 974 24 Vb 24% 24 Va 24% 24% 24% 24% 24% page 1627. 28% *29 *9 24'% 6% 18 Class A pfd 7,500 Sunshine Mining Co 18 3/4 2,400 33/4 21,400 Superheater Co (The) Superior Oil Corp Superior Oil of Calif— 2,200 29% 29 34 29% 1,700 29% 29% 25% 1,400 9'/a *S34 IOV4 100 24% 24% 24% 3,100 92 Va Mar 31 77 111 19 15% 16% 10 % Superior Steel Corp Sutherland Paper Co—w„ Sweets Co of Amer (The) Swift ii Co - 10 12% 25 9 9% Nov Jan 6% Nov 6 1% Mar 16 Feb 21% Dec 7 May 13% NOV 34Va May 47 Va Nov 3474 Jan A Nov May Jan 1 Va Mar 11 2 13 Mar 40 Apr 19 1113/4 Apr 29 Jan 5 9 8 ■ 23 1 3 % Mar Jan Jan f IV. 7% Sep Sep Jan 44 Jan Jun 104 Sep Apr 29 Va 10 110 Jan 12'/a Mar 26 x9 3/a Dec 19% Jan 37% Apr 19 12 3/4 Apr 21% Dec 102% Apr 29 78 25 43 *eo 1 115 Feb 16 112 Mar 23 May 98 Oct Apr 39 Deo 109 Va Aug 116 Va Jan 113% Dec •fir Feb 2 4% Mar 1 3/a Dec IVb Sep 24% Apr 29 10Va Apr 17Vb Dec 5 134 Dec 4 5 3 % Mar 71% Apr 6 43% May 3% Mar 62% Nov 474 Jan 11% Dec 15% Apr 30 8 Apr 10% Nov 66% Apr 27 52 Dec 60 15% Apr 26 72 Apr 26 9% Mar 15 4% Mar 741% Mar 17 30 % May 10 J/a Apr Mar 29 15 . A 25 Apr .5 Apr 7 7 425% Mar 31 1% Feb 4'/a Apr 54 74 Apr 2% Jun ll7/8 May 7/a 18 Apr 2034 Aug Feb 4 42% Apr 30 8 193/a Apr 65 Apr Mar 31 108 26 126 % Apr 118 30'4 Mar 30 20% Mar 30 183/4 Dec 4 54 17 Jan Dec 1% 27 Dec Nov 30% Oct Jan 15% July 203/4 Jan 15% Nov 9 Apr 6 6 6 Nov Aug Dec 13 Va Apr 20% Apr NOV 7% 35 113% 13 % May Apr 66 Dec July 5 5 Jan 9 Is 100 28% Apr 17 Feb 6% Mar 10% Dec 1% Mar 2% Jun 153/4 Jan 14 Apr 26 Vb Apr 8 17% Jun 26'4 142 Feb 17 122 Va Nov 1443/4 Jan 25 Apr 6 147/8 Apr 21 »/8 Nov 1334 Apr 8 9% Apr 121/8 Jan 28% Apr 30 10 Jun Jan 18 Vs Nov 18% Feb 3034 Apr 5 12 Va May 49 1 233/4 Jun 39 5 343/4 Jan 50% Mar Apr 66 Apr 5% Apr 6 1% Apr 174 Nov Oct 3 Aug 3% Feb 4% Apr 26 2 18 9 2 7 6 28 10 17 Jan 2 Jan 4 Apr 29 Jan 2 Jan 26 ran 7, 5 40 % Mar Jan 8 Jan 12 29 31 Dec 59 July 30 17 Va Apr 24 Nov Dec 31% 28% Apr 35 % Mar 15 21% Jan 39% Apr 1 30 Sep 37 Mar 5974 Jan 26 49 Mar 60 Jan Va Apr 29 2 Va Sep 4'/a Jan 50% Apr 24 29% Sep 45% Jan 373/4 Mar 12 277/8 Jun 38% Jan 6 114% Apr 54 116 Apr 28 28 Apr 24 ' 7 % Apr HO 8 Mar 18 108 Dec 40 Va Apr 109 Va Aug 114 Feb 49% Jan 113 Jan Apr 5 Jan 89 % May 110 2 3/4 t' 2% Mar 13 Jan % Sep C*t 3/4 Apr 6% Mar 13 2 Va Oct 11% Jan 13% Jan 26% Apr 29 5ya May 32'/a Apr 30 6 Apr 3674 Apr 30 33 % Apr 8 Dec 18 Mar 20 Apr 29 Dec 30 30% Apr 47 Dec 4474 Mar 31 5474 Apr 29% 25% Apr 40 31% Mar 31 22 3/4 Dec 34% 6574 Mar 30 42 Apr 62 8 12 Apr Apr , Nov 30 5 5% Jan Dec Jan 8Va Nov Apr 30 3 Va Mar 43/a Jan Apr 22 4 Apr 6 3/4 Nov 12 £"?Man 9 10 ,an 5% Jan Apr 33/4 Jan 61/4 Nov 553/4 Jan 30 63 Va Mar 30 Jan Apr Jan Jan 1/2 ir? 58% Feb 23 14% Jan 20 — 26 4 Jan 4% Feb 22 Va Jan Jan Jun 10% Jan \5 48% 122 3 4 12 4 Jan 54 313/4 Nov Jan A Jan 2 1 % Jan 4 9 Jan < 5 , Oct 27% Apr % 2 .-100 100 No par 1 —25 100 x20 106 Va 7 25:) 60/s 74 4.7 Jan 574 1 4% Jan —10 5 — 1 Jan 85% Mar 1007/8 Jan 1 8% Apr 3% Mar 2 par 25 25 6% May 75 Vs 2 2% Jan 23/a Jan 283/a 28 Va 46% 37% 7 ; Oct Jan Apr 367% Mar 30 33 ' 74 Apr 2 6 2 42% Jan No par No par No par 7% 129% Mar May 6% 5 Jan Jan Jan Jan Jan Jan Jan 213/4 Jan 24% Jan 32% Jan 57 Jan 3 Jan 35% Jan 33 Jan 109 Jan 49 / Feb 113 Feb Jun Jan 6% 19 16% Jan 20% Jan 132 Jan 15 21% Jan 2 103A Jan /< 15% Jan 15% Jan 35% Jan 25 863/4 3% 25 2% Jan 1 100% Mar 8 Apr 163/4 Apr 9 13 23 Dec Jan 19 2 49 Va Mar 16 9 7 7 2 12 15 Dec Nov 5% Apr 6 7 28% Jan 5 No par 100 71% 9% Apr 4 Jan 8 Jan 12 Jan 13 Jan 7 Jan 4 234 Jan 16% Jan 134 Jan 21 Jan 10 1 No par (The) (4%% cum) 6% 75 Jan 53/4 Jan 8 31% Jan 4 17% Jan 14 No par Sun Oil Co— 260 1134 6% 18 % see 12 60 123 6% / L S——No par Webster 123 6% 6 & *59 6% 6% (The) 60% 6% 6V4 footnotes 11% 60 123 3.223/4 5,300 Starrett Co Sterling Drug Inc Stewart-Warner Corp—— 3.22% 59% *122% 6% For IIV4 *58 59% 1233/4 59% 124 6% *28 % 10% 59% 123 Va 76 *59% 11% Jan __5 — Stokely Bros & Co Inc 9V2 8% 8 Va 20Va Jan 25 Standard Oil of New Jersey —Standard 65% 9% 6 43 No par Calif 64% '' 11% Apr 2 Jan 17 9 No par Standard Gas & El Co 35V4 300 54 7 Feb 49 78'/a July 20 8% Jan 20 64% Jan 7 No preferred 30%, 2,200 18 Feb No par Brands Standard 3134 *28% Feb 70 7% Jan 1 100 No par No par $5 pref series A 347/8 900 98 7 80 —No par 5% conv preferred Squibb (E R) & Sons 4% 6 13 No par 1 Square D Co 293/8 27,000 9% Apr 5% Jan 85 Va Jan —No par No par 1 No par No par 2 Sparks Withington Spear & Co $5.50 preferred Spencer Kellogg & Sons Sperry Corp (The) Spicer Mfg Co $3 conv preferred A Spiegel Inc tConv $4.50 preferred 31% 8 73 % Jan Apr Mar 64 % Jan Ohio stk tr ctfs_—100 35% 29 Dec -No par ——100 Ry preferred 5% 28% *28 Jun 70 ,-No par Southern 31'A 7 x94'/a 6 7.50 Southern Pacific Co 28% ■ 8 86% Apr Gas Co 35 *41% 100% Mar 4 California Edison 23% 277/8 5 Va preferred 13% 13% 40 8% 23% 26% 6 No par Sugar 13% 13 5% 60 Porto Rico 23% 27% 95% Jan p Corp 23% 13 % 13% Sep 15 Steel & Iron—100 —No par 23% 24 13 1334 — Greyhound Lines S'eastern 253/8 *140 6 South Am Gold & Platinum 19% 25% 26 *3% 13,500 19% 13 Va 40 2,600 27,300 25% 140 Va 19 % 10 C—No par Snider Packing Corp No par Socony Vacuum Oil Co Inc 15 (A O) *19% 13% ♦60% Skelly Oil Co tSloss-Shefficld 197/fl *140 2 14 —No par ; Petroleum 25% *130% 24 24 4 3/8 4 19% *25 Jun Jan 7% Jan 2% Smith & Cor Type v t 12% 4% 38% 6 King Coalition Mines. Smith 26% 19% Silver OH 600 12% 257/« Shell Union 700 27 19 6 No par 19'4 12% 4 820 19 56V2 Apr 10% Apr Pen Co—No par 15 28% 27 19% (W A) 28 % 19% 25% pref ser A (Frank G) 19'% 28% 28% 19 3,200 Mar 2 No par No par Slmonds Saw & Steel 1 114 *109 114 *109 28% 29 *1% *24'4 IO91/2 3.08 1% 1% 25 Va 42'4 19% 4' conv 2,300 109% *28% $3.50 Shattuck Simms 1% 79 4 4% Jan No par . Simmons Co 41% 4 42 >4 Jan No par tSheaffer x55 69 % Jan No par Corp Sharpe & Dohme 400 *24% Deo 2 59% 10'4 9 54 preferred $5 conv 4,400 13/8 28% Sharon Steel 434 253/4 13 1 1 25 % 41 % 7 Va May 20 Servel Inc *4V4 *1% Dec 5 Jan 5 Roebuck & Co Sears v 24 3/8 41% 16 12 Corp 4% *24% 20 28% preferred 24% 28% *19 Co preferred 4% 1% *109 114 *109 preferred 24% 25% 108 preferred 4% 41% 1% *24 P. 7,400 103/4 Mar 10 28% Jan 100 a5. Jan 100 :t-; % Jan 100 S 4 Jan 100 *>: 71/2 Jan No par-*., 35 Jan 100 105% Jan 5 10% Jan 5 1934 Jan 100 96 Jan No par 38 Jan No par 112 Apr No par 10734 Jan No par & Jan 100 % Jan No par 16% Jan preferred 243'B ■ 41% 1% 1% *24% $ 40 V8 500 150 24 *4 % . 3,200 3874 237/8 24% *109 9 38% 4% 110% 7 73% 23% 247/8 112 *66 38% 4% ♦110% 13,300 66% 14% 24% 1% 15% 66% 8 4 No par Francisco Louis-San Seagrave 330 38% *37 23% 23% 2,900 15% 15% 37% J.5% 66 Va 66% 72 37% 15 % 15 71% 8% 151/4 66 15% 8% 14% 66 15% 8% 3 66% 72 15 *71% 3% Dec 193/4 Apr 15'4 Apr 14'4 Jan 17 Seaboard Oil Co of Del 6,200 13% *3 22 Dec 10 Vs Mar 26 4-2% 1.000 3% *3 Apr 6 2 3,700 3% 3 11 8 8 $4 preferred- 7,100 U 27 7 ISeaboard Air Line 7,200 ' Dec 37% Apr 9'4 Apr 5 Jan $4.50 120 24% 24 70 534 Jan Scott Paper 90 2'4 2 Va 2 1/4 2434 Jan 29 7% Jan Schenley Distillers Corp 5 Va % preferred 1,200 % 39 8 Mfg Joseph Lead NOV 25 Jan _ Sep 3% Jan Jan Corp preferred 23% May 1% Jan 75 10 5% 1,700 42 lll'/a 20 Mar 26 574 Apr 8 6 100 100 Savage Arms Corp 9,300 1013/4 101% *13.07/8 41% *111% *10734 3A % U 3 9 7/8 40 29 14 20 No par Safeway Stores 540 11% 22 3 Va Jan 18 5% 3,100 11 39% 110% 22 3/4 Jan ...100 ISt Louis Southwestern 190 20 39 Va Nov Jan 6% 3,200 6%' 7 Nov 37 fSt 10 157/8 28% 4 Oil Feb Apr 3434 Feb Dental 11 Va 263/4 233/4 May 15 St 1 5 28% Feb 1,100 *8% 21% Apr Dec 34% Mar 30 2 4,000 *6% 2 Dec 20 25 % Jan % v ' 23% July Deo 66 % Jan __ $2.50 conv 10 : 143/a Jan 8 33% ir, Dec Apr % 11 *% Dec 12 10 Va 33% 33 33 tt 22 Jun 28 2 49 *47 Va 49 Jan 774 Jan 5% Jan Ritter 400 9 9 15'/a Apr 5 26% Jan preferred Richfield 400 16 Va 16 Dec 28 prior pfd ser A t Common 60 1,200 16 Vs 2334 *15 Va 23% 7 U 10 *8 10 *8 33% % 1 % 1 1 % 1 *5*2 333/a U u- V 93/4 9% 97/8 934 36 *35 351/4 35 9% 15 *47 % 49 •47% 49 33% 33 U 2,800 36 54% No par No par Roan Antelope Copper Mines Ruberoid Co (The) No par Rustless Iron & Steel Corp 1 2,000 2774 *8 9 2 3'4 33% 9% 2734 - *8% \l 9% 27% 15 23% 33 9% 2734 *9% 15 *15% *47 Va 9% 27% *35 9% 15 9% 27% 2774 *35 9% *15 15 15 9% 9% 2734 27% 36 27% 27% ■■■',.■■ Jun 25 +5%% 120 69 Va 34% 30 No par .100 preferred 100 Reynolds Metals Co No par 5%% conv preferred 100 Reynolds Spring 1 Reynolds (R J) Tob class B 10 17 Vo • " Dec 137/8 Mar 15 preferred conv conv 374 28 21 Revere Copper &i Brass 3.600 9434 *93 94% *93 8% 8% 8 34 8 Vs 8 7% 250 82 Apr 2 ——— Republic Steel Corp 7,400 100% *100 81 2 6 tRensselaer & Sara RR Co__ 81 5 7 Preferred with warrants 56% 100% *93 9434 *68 78% 56 Va 17 80 82 *76 % 55% Inc 90 Jan Remington-Rand 14% 78 Motors, Apr 11% Jan 10 1 143/4 Reo 59% 88 26 % Jan No par Corp 55% •■.... 46 Va Mar 24 100 78 9% 16% 100% 1474 1 2% Mar 7 30 8534 Apr 50 50 50 5 78 • 9% 17 4,200 15 30 Apr 7 Reliance Mfg Co : . Apr 68 54% Jan & Co 1st pfd (Robt) 11 No par 1 25 147/8 *55 9% *81 8% *77 56 Reliable Stores 4 2 100 Rels Mar 16 3% Jan Hosiery 240 Jan 100% Apr 83/a Apr — 55% 14% 147/8 143/4 54% 19 7/a *187/e Silk 59' 92 ..100 .. .Preferred 400 ,V 9 9 20 Real 10 37% 37% 9 *18% 70 *68 69% 8% 19% 3,300 76 *72 Va _ Reading Company 4% 1st preferred— 4% 2d preferred 200 574 5% 37% *8% 94% *93 3734 . 29% *29 76 *18% *77 82% 8% 8% 94% 300 : No par No par No par 1 of Amer 1st preferred Raybestos Manhattan Rayonier Inc $3 preferred 6,300 313/4 8 74 17% 99% 2134 31% I934 9% *81 21 *8% 1474 - ; 1,400 21% ' conv Radio-Keith-Orpheum 16% conv preferred 2,800 ' 29 Va 29 Ve *18% 56 1,700 1334 29 Vs 313/4 *72% *36 78 -■*.■: 28 13 3/a 57/8 37% 9 1.000 27 54 29% 57/8 5% 5% 5% :• 37 17 82% *68 29% 5% 1974 85 Va $3.50 t$5 preferred B_ * 20 37 9Va 17% 8 Va *31 *28% 76 55 % 17% *93 30% *72 *77 *9% *81 20 30% 73 14% 15 78 *55 *193/4 73 *18% 197/8 *18% *2834 32 73 *8% 9 *8% 14,100 13% 20% 36 36% 34 133/8 13% 29 % *28% . 774 11 ' 85 28% *28 12% *72 76 ♦72 5%' 20 7'/a 85% 32 32% *28% 5 27 Va 28 1,700 ~7% 20 < 28% 28% *4 Va 20 *84% 29 Vs *28% 28% *32 84% 12 74:.-.. 12% _7% 84% 27 Va 27 Vs. 12% 7% 734 Radio Corp 153,000 100% 10% 66 *100% 85% 27 >4 - 66% 100% 10% 66 66 66% ~73/B 85 12% / 974 10 9% *65 ■ *100% 7% 7% 85% *27 Va 20 *31% 66% 7% 20 ,•29% *20 10 Va *10034 ; 85% (■■7: 13 12% ■' h;7 27% *27 *28% 663/4: *100% 85% 974 6534 10% 66% 10% 66 % *100% 4 1 2 127 Jan 4 43 1163/8 Apr Apr 128 Dec 574 Jan 15Va Jan Apr 1% Jan 5 9% May 16% Dec 313/4 Mar 25 173/a Feb 26 ya Deo 7% Apr 1 3% May 19 Va Apr 19 11 Va May 37/a Apr 24 Apr 1 26 76 307/a Apr 10 34 Apr 25% Apr 8 6 3% May 20 Sep 4% AUg 25 Jan 1 Monday, May 3, 1943 CHRONICLE & FINANCIAL THE COMMERCIAL 1626 Monday Apr. 20 Saturday Apr. 27 Apr. Ll $ $ per share 7 *7 25% 25% 6% 26% 67'ti . 7 67 7% 26 2618 7% 7% 35% " 34% 67# 4.300 26% 23.200 6 To 7 p«>* Symington-Gould Corp— 27 2 ; 8 Apr 8 $ per share per - Highest Lowest/.. 29'A Nov 157'a 25% Dec 5'A Jan Aug 3% Aug 7 AA pAA ' *7 5 5 *43% *4% 11% 11 11 49 49 % 48% 11% 48% 48% 47% 48% ££. 5%i- £ 5,% 5'A 39% 39% A. ■■ . 5 % 39 % 40 39 11% 11% 39% 11% ■ Ji 40 11% 39% 11'% • 11% .: Vv 1134 10% 10% 10 Va 10% 10% 25% 25% 25% 25% 25% *9 Va 10 10 10% 10% 10% 44% 44 5 it 45% *44 Va * *44 % 6 5 6% 6 Vs *6% 7 7 %■ *37% 41 *37'/a *37% 40 67a 7 7 40 40 ' . Texas Gulf Texas 11% *6% ?/% 40 '""*37'% 4% 4% 4% 4'% 4% 4% 4% 4,400 4'/« 4% 4 % 4% 4% 10% 11% 11'A 11'A *10% 11 Va. 900 12'A 11% 12% *10% 12% 28% 28 28/ 28% *28% 28% 29 'A Va 28 28% 28 2 % 2% 3 2% 3 27a 2% 2% 24% 23% ,*24% 25 24.% 24'% *23'/a 14% 14% 14% 14 14% 13% 14 99 99% 98 Va 99% 98% 99 31% 31% 31'A 31% 31% 31%:? 46 46 46 46% 46 46% *23% 14 9% 9% 9% 17% 17% 19% 15% 15% 15% 15% * 30% , 46 ' .9% 9% 9% 9% 9% 9% 18'A 18% 18% 20% 20% 15% '15% *15 15Va : 3% 3% / B 83% 878 19% : 18% 19 % 19'« 19'% 19% •: 30% 30% *-0'4 30% 30% :f 72 Va : 9 Ve 7% 72% 9% 72 % ?.£ 7% 7% 72 Va 7% ■ ' 9% 9 Va 9% 9'a 7% 7% 9% :; 9% Timken Roller 9% Apr 27 46 46% 46 •% 47 4C % 47% 10'A 10 10% 10% 10% 82 8L 81?a 81'A 81% ... 10 10% 10 10 'A 10 82 82% 81% 82 81% 117' Xll7% 112 Va 112'/2 112Va *112% 18% 18% 18% 18% 91 91% 91 91% 88 87% 117% *115'% *112 112% 1.9 *91 91% 88 *27% 27% *87 34'/4 7% Twin Coach 22% 19 20 * 27 % 35'/#/" 34% .L-llI 113 113 - * 22 'A 62 26% 27 12% 12% 12% 12 12'A 5% *4% 5% 12Va 12 VA 12 ' ' *50 8% 8'A 61% 8% 109% 24 % 5'A £-: £••?£ 91 15% 15 % 15 15% 15% 67 68 68% 67'A 67 Va *179 % 180% 8'A 8% 41 % 41 % *37 % 7% 7% 18 % 33% 37 38 '4 34 33 % 36 38 Va 38 % ' 39 2 2 A A 39% 38% A 121 38 18% 18% 109% 35'A 37 38% 70 *69% 38 119 56% 70 *69% 55 54% 26 *25 Va 25% 25'A *42 "2 44% 11.8 % 44% *42% 2% *2% 26 *42% £ *2% 2% 2% 2% 2% 2% 1% 1% 1% 1% 1% 2 Va * 18'A *17% *67'A S Leather Co£— 70 55% 1177h 118 118'A Preferred 3,800 U S Tobacco 25'A 25% 900 43 120 7% 700 United 2% £:£ 2 Va 2% 2% 2 2 49,500 Va 71 *69 *18'A 174 *168 174 • n 46 45% 21% 21 VH Ui 46 Va 46 VA li % 21 % 21'/a U 45 45 21 £ A 21 " A 11 U *45 20% 46% 2034 11 Va 11% 11 U% *11'A 11% 11 *31 32% 32 32 33 32'A *31 *32 117% ♦116 117% *116 41 'A 41'A ll'/a 41% 64 75 24% 2434 4% 4% 56 *55% 117% 117% , 21% 11'% 11% 11 % 32% *62 24% 24 4% 4% 5534 56 ;"a 24 4% 55% 118% 120 *117'% . *116 117% *116 41 41 43. 41 *59 63 *59 63 68 *62 68 24 4% 56 118'A 24 4% 24 4% 55 55 *118 120 *60 *23% 438 55 119 75 24 55% *37'A 38 *31% *32% 32% 106 VA 106 VA 106'% *102 108% —. • *141 ..--A *141 — *141 1,200 . 1083/4 *102 150 *141 £— 80 Jan 17 Mar 26 •34% Jan 41 4 39% Apr 8 24'/a Apr 34% Jan Jan 8 7% Apr 26 2% Apr 4 Va July 6 19% Apr 8 7 Jan 14% Mar 25 99 43 110 Jan .16 13 13 •Jan 15 Jan ' 22 36% Apr May Sep Oct Jun 114 • 29 V8 8 38% Mar 10 26% May 30'% 39% Apr 20 Dec 32% £A2% Mar 17 Apr % Aug 1 AUg .£*'£„. Dec 25% Jan ' 40% Apr 26 5 8 Jan 101 Jan 13 46 47% Jan * 59 8 22 Mar 10 70 7 Jan 112 Apr 60% Mar 30 4 64% Jan 121 ' Apr 6 1' Mar . 13% May 27% Dec 103% Dec 37% Apr 51% Jan 58 71 Jan 54 Mar Apr 44% May 118% Apr 20 107% 55% Jan Jun 119% Jan Jan Jan 46'/a 1 V 29 % May 27 5 20% Mar 30 34% May 3% Jan 6 1% Jan ' % Jan 5 Jan A—5 13 56 par 15 59% Jan 12 69 % Mar 29 142 Feb 10 147 Jan 12 167'/a Jan 20 176 . Apr July 41 20 159 /: Apr 150 % 2%. Apr 72% Apr 14% Jan "23 _1, £ 100 Victor preferred May 1% Oct 1* Oct 60% Dec 15% Nov 61 ■ /Oct Apr 152% Dec :: Apr 169 V Dec % , Va El St Pow Iron Coal 6% 25 8% Jan 7 25% Jan 11 115 33 Apr 5 117 Jan 21 7 43 Jan 4 41 Jan Jan 5% preferred May 11'/a Mar 26 Dec 116% July. 42 Dec July 55 Jan Sep 60 Nov 25% Jan 5 15 26% Feb 5% 58 15 Mar 23 Mar 29 18% May 1 Jan 2% Jan 40% Oct 110% May 117% Dec Jan 21% Nov 31% Jan 22% Apr 7 34% Apr 29 14 120 20% Jan 14 Jan 14 38 Apr 9 24 Apr 29'A Jan 2 33 Mar 19 26 May Apr 8 70 Jun Mar 25 120 Mar 100 80 Jan 8 108 100 Vulcan Detinning Co Jan 50 4 27 30 Jun Mar 55 Jan Jan 7% 19 112% 6 2'A Jan 25 23 Jan Apr 7 — Dec 20% Mar 26 15 116 Sep 34% Jun 60 Feb No par pfd 100 % Jan 60 Jan 100 Jan 14'% 22 57 preferred— $6 pref— • 24 39 1 Mar 15 51 No par Preferred 1 ■ —_5 Virginian Ry Co 600 12% Feb 5 —100 ——— Si Coke 6 100 Chemical Works div partic 25 23% Apr 22 27 48% Feb 4 15% Jan __5 Va-Carolina Chern 6% Feb Jan v 7 % Jan 31 :100 No par 2.50 .5 & Pac Ry Va 30 108% Dec Dec 6% >' Apr Chemical Co_ Vicks Shreve 100 '* Apr 39% Mar preferred— 200 32% 37% 32 I 1,900 37 % 32% 37% 32% *141 *1,200 s 33% *37% 33% 37% 323/8 Vick 1st 5% 119 Va 33% '*37% 32% *141. 4% 32% 33% 38% 32 3a *102 __ 56 4 % 12 No par Raalte Co Inc Van 7% 1,400 24 4% 34% 36 *37'% *102 24 56 9% Mar 25 Jan 64 174% 4 Tool 75 33% 32% *3334 . *60 119 119 40 34 £R. =,£ May Jan ??l;|® . Van Norman Mach 300 63 159 17 Feb 11% 40% May 71 % Mar 30 181% Apr Oct 87 Apr 6% May 5 Preferred A_A„; ,1.500 41% 41% 77'/a Mar Am 117'% *59 4% 38 % 34 *116 117% 22 Apr Sales- Vadsco ■.< Vanadium Corp of 32% *32 30 •;i —No par 3,400 11% 33 100 21% *34 108 :l4 ,2,300 :£/" 21% *37 *102 47 21'A 63 41% 41 *59 75 *62 117'% *116 62% *59 *55 % % *45 47 Dec • ' 41'A *59 % *% *45 5% 46 preferred-^——No £v:Vv '• Feb 2%'' Apr ' Universal Pictures A. 4% 16% Mar 12 U Jan V 2 preferred-————__100 1st pfd 100 8 % 60 • Sep 29 Universal Leaf Tob__v 158 2% 6 42'/« Jan Universal-Cyclops Steel Corp 158 Jan 16% 21% Jan 100 158 Dec Apr —25 — 170 *168 5% 106% 11% 24 v. 18% *155 Jun 5 26 Feb 15 '/a 68 68 3% 93 Va Mar Apr 92% Apr 29% Jan 100 Stockyards Corp— conv Jan —No par Co preferred-— $6 72% 11% Apr 29 Vh Jan No par L Jun 13% Jan —50 ; United Stores class A— 200 ,• __AA^ CorpA——A Preferred AAA —A Jun 48% Jan 4 —10 U S Steel 25% 5% Jan £AA.Afo vat Ref St Min__ Sep 8 40 —No par —-100 -50 Jan ' 30 -5 _50 No par AA Nov GVi 22 5% Apr 19 3% 50 35 8% Apr 29 8% Dec ■? 3% Mar 25% Mar 24 £ 4% Jan ImptA—No par preferred-- U S Smelting 43 18'A 174 1,600 1st Oct Dec 18 Jan - 110 Jan Co__„A— Rubber 8 8% 44 68 *168 ••£ U •>' 25% 71 v 1,600 300 18'A ;■ 26,200 40'A 120% /A •28,400 68 158 / 8,300 69 3Va Jan Feb • Apr 35 9 Jan 32 JU 8 Realty' St 12 16% Jan Corp—— .—j——1 U S ;'"4 %, Apr 8% Apr 22 5% Jan 103 108 U S Plywood 56 18'A 158 £ -A 2 U -8 20 / Apr prcferred_£——_££.—..100 —————20 Pipe St Foundry Playing Card Co— —10 800 A- Aug £ Jan . Partic & conv cl A. 700 70 68 VA A '3.000 £ -.'• 38'A 57 •;!• *67 71 T% 33 % 59 "tPrior 140 55% ■;£• *17% 174 U 59 *68 *168 Industrial *69% 57 18 'A / 158 *69 119'A 67 Va *155 • 174 *168 174 *168 159 *155 2 2 V8 2 39% 397h 119 37 2'A 70 68 '/a 159 *155 *2% A'A 67'/a 70 / 18 »A 68'A 17 'A *67 A 38'A :*i7% 69% 69% 70 *68 XV.1% 117% 25% 118 *25% 44 *56% 54% 118%. 117% 44% *42 1 57 *69% 70 55'A 118 % 39'A 119'A 6 4 Oct Dec 58'% Jan 29 173 —20 —100 Alcohol—, S -2,700 ; par preferred— conv U T.400 35'A 35 *36 Va 38'A 2 Va 38% 120 56'A 54% 2 119'A 39 % a 70 £38'A 2 2 2 39 18% 37 35 • Macli Hoffman S 5%?i • July Mar 25 ' 8 ;_£.—_• CorpA-. preferred-- 11 A 6% Apr 53 _No par 700 109% 35'A 36% 18 109'A 34% 70 44 420 7% *109% 18% 109% *38 *69% 26 •A 37%. v.: 7 '/a 7«A 18% *36'/a 56 V4 117% 37% U 2,800 8% 43 *40 *109% 38% 58 26 h 240 Jan 12 % Apr 7 9% Jan : 16 15 84% Jan Co— 12 24 -i—No pur Gypsum Co— 7% '• 19'A 58 117% 7'A 7'A 7 7% 36% 55% / ' ; S Freight U S '■/'/ 2,100 : 58 54% . U SecurA—A_ No Foreign 12 Apr Oct 17 113 ; May 1% Feb 60% Mar 10 _ 1st preferred— $6 1.000 ; 183 8% ; 43 *36'A *57 55%: 8 V 8 *'9% 121 % 8'A *179% 179% ' 37% *119% US & 260 15% 43 2 v..A 6,500 A ' 68'A *36 121 55 11V« Papcrboard— Apr 37 27% Apr 5 Va Jan Mer & United 92'A 15'A 34 40'A 39 Va 119% 11 92 »A *40% *38 ' A' 2 1% 11% 68 L 37 2.200 65 23 - 5 26% Jan lmprov't—,»_No par —No par Manu Inc v t c AI Gas Dec Apr "2 2'itJan 5 preferred $5 United Apr Jan u par Co—a— a.—No 2074 10474 Mar __5 & Fdy Fruit United 2,200 2,100 '; Eng United 57,200 A A : - 5% 5% 63 Va 110 33% 37 24% 15 Va 36% 34 *36 / 8% 109% 15'A 33% 109% 39 vv. United 11,500 ■,/? 67'A *109% *109% - 62 92'A 8Va 19 19 18% 18% 110 *109% 200 24'A 5% 37 7% 7% 7% 33% Apr Jan 26 113 Feb 10474 17% Jan No par —a—No par ' 89 97a Mar 16 Cos—, 30 y367a Jan 7% 18% Jan %7 Coal Feb 30 Jun 15 55% Jan Electric 81'% 237a 29 7% Jan ! 4 United Jun 21% Aug 30 Apr par Preferred 8,900 Nov 19% Apr 38% Jan ; 4 8% Dec 25 1 .• 1674 £107 par ,, Jan 108 85% 4 8 Jan 16 —No ' Jan Dec Nov 113'% Jan 17% Jan 20 93 Va uan 100 Corporation v May Mar 2 preferred-——.. May 83 ■ • par £ ■ 74'% Apr 30 M ir 30 37% Apr 25% Jan '6 —.5 —No Dec 9% Apr ? 10 89 -8 Nov 63% 28% 6 24% Jan Dyewood Corp_— A -10 ———'—A—A——100 15 8 94 79% Jan Drug Co 83« 24'A 41 Va *36 ? 80% Jan 100 United 109% 8% 109% 8% V 42 2 25 United 61 'A 613.4 41% 8'A 8'A *39'A 1 Y »b 180 33% 33% 179% 19% Apr Nov 46 100% Mar 112% Apr 300 8 30 2 8 109 V2, Jan Co 108 15-'« Jan No par Co— Carbon 6 2.9 Nov 7% Sep . Oct Nov 78 3 4 > Jan 7 Ve 58 Apr xll8 Fast Corp—„ANo United-Carr 287A 4 20 85% Apr .. 5 21,000 10'A 179 % 13 5% 67% 179% 180 180 180 180 11% Eeb Aug 6 5V« May 19 Mar 51 50% 15 . 9% Apr 12% *91'A 10 V# 92 Jan Jan 5% 67% 15 % 67 9% 21% 8% Apr 4% Jan 67 50% - 10 91 92'A United 100 12 Va 5% A 800 ' 83 8% 5% • 91 9% 9% 9% 91 91% 5'A 5'A 5'A 23% 24 23% 24 23% -A United 23% 110 110 14 7 v% Jan .74% Mar 23 £a Jan 1% 105% Jan —100 preferred—A— 5% 18,900 109% 8% 8 At 8% 110 109% Biscuit 67,800 8'A 60Vh 19% 6% Jan preferred—— 100 Transport—3 conv I 1/h 5%£: *3) 61V# 60% 5% United 273^ 51 8 Vh 8 33% 333i 61% 8% 8% 5»A 9% '/a 91 €0% 110 24 5'A 5% 9 109% 24% 35 Va 8 8% 109% *33% ,734 7- 5 Un Air Lines 12'A . 50% 51% 51% 8 62 61% ' 7% 35 *34 35 61'A 8'A 5% . 5 31% Apr par £.—. Car--- Aircraft Corp 27% 12 'A 5% 5',2 51 % *50 51% 8 50 *34 5 V» Pacific RR CoA Tank United 10 23 21 % Apr Jan .: -25 preferred—— 27 »4 1 Va 2674 12% Jan 25 El Co of Mo $5 pfd—No par 4% 400 62 16 Jan 3,400 : 117 *22'A 22% 26% 27 Va. AAV .-39,600 : 19 61% 62 1 1 Va 1 1 % 25 *113 116 22% 23 A *22% 23 '/a 1 ' 19 *61'/a A A 106% 24 3 a 19 £ 25 *113 27 Va 27% 50 19 *60 27% * 19 22 22,800 Jan Jan Union Nov 71 Jun 79 Union 1,300 Dec Nov 2V« % Mar Jun 113 ££700 • , :-.7% 106 »A 24% 24% 19 63 * 27 Va 4.700 91% :,t 89 36'A 106 1C6 *18% 23% 116 1 Va 27 Va 5% 106 , 12% Mar Jan 5'% 2 ' *61 27% *5 105% ; 36'A 34% *113 23 1 91 Ve A 18% 83A 56'% 18 No Dec 7% May 1 Jan $4.50 series— Jan AG 7 4 V 43 29 Jan Preferred % Jan ■ 9% Apr 8 Union Oil of California Jan 87% Apr 42 50 4.300 Feb 34 Va Jan if1] ■ Nov 1074 97 V Dec 7 Va 1 Co Nov 1574 May Mar 29 . 1% v 6% Jan 69 Corp.,..No par Co 4 _No par Union 40 ;. • - 89 27% •35 / -■ 19 Vh 27% 89 Va 27% 116 63% V/a 1 *88 'A *113 63% 91 % Va 27 Va 34% 1 19 20 n. 9034 88 24% 23%: 24 VA J 106 106 106 . 112% 19.■ 1 % Jan Jan Mar 1. 4 6 16% Apr Paper No par Union Carbide & Carb—r»i„No par 5,400 v A 118 112% 88V2 • Av 82% 5 27% 31% May 20% Apr 29 27 Bag & Union 29,71)0 10% 81% 19 Va 27% 35 *19 23 *22 27%: 22% 63 Va 63'% 27'A 106 113 % *112 A 15% Jan 11% Jan —?.No par .————No par Elliott Fisher Under 1,900 47 ... 103h *117 19 90% £% 88 34% 105% 22% .. 27 Vt 34% 105% *115 117% *115 117% 112% *86 % : 116 18% 'A 118 112% 19 *116 *112 18% A • A ,—5 —No par —-No par City Rapid Trail—No par; preferred—— 100 Twin 22 4 $1.50 preferred 370 34% Mar 31 6% Jan Film Cen Fox 20th 85 Sep Dec ££ Jun 1 2 Corp Jun Jan 5 Mar 100 6 preferred—; $6 Truax-Traer 12 -4 48% Apr Tri-Contlnental Corp Feb £ "-3% r £• 9% Mar 2 i Williams St'l Dec Jan 34% 8 20 Transcont'l & West Air Inc 52 Va £;£'" 4:'4 Jan 8'A 28% Jan ;%:££;£ u 47 47 *46% 47 46 Va 9% Jan 94Va Jan 3 ''?'3- •■• Mar . Apr 5'A 19 14% Apr Oct Jan Jun - Jan 18 25% Apr 40% Jan , Transauierica Corp_: Transue Mar Jan 1 % Jan 16 42 17% July —10 Axle— A 9% 2'A July Bearing—Nc par Detroit Timken ——££.—__L23. preferred—. t$4.50 conv r — Oct Dec 24% A 30 No par (J Rt Jan 3 t, Nov 33A 7% Mar 26 42% Mar 24 5, Jan 2'/» May Thompson Prods Inc——No par Thompson-Starrett Co„_No pur $3.50 cum preferred N< par Tide Water Associated Oil'— £-10 3,600 , , 7 33 % Jan Dec Sep 41 28 6 - V. 9%..: 73 73 Jan 4- _1 Apr 8'% £V. 73/a 27 82 6 Nov V Apr 34% 12 7% Apr 8 Jan Dec 5 I r .tv 24 1,000 ■ :£' 1,800 ' 7% 7% 9% 73 2% Jan a 10% Apr 28 46 5 12'A Apr / A 8,100 A 12 Jan 52 —10 2w% 7 6% Jan 35 Apr 4'% 32% Apr 60 A 9,100 30% 17% Jan ——100 ' £ 20 30' ,.£72 700 .11,500 9% 30 7% 30 8 In Jan * S+ 8% 19 72 9,300 A 3% 83% 9% *82 83 V2 8% 8% 30 7% 9% ; 1 83% 3% 3% 3% 83% A: A *82 8% 23,100 15% *15 10% Apr 26 ',4 Feb 4.600 ' "1,400 ®; 20% • 3%;.; 3% *81% Vr ££ 46% ' , 7% Jail £7 • Jan :. 33a 37% ■>££ 8% May 5 680 ; 32% 32 % ;; 46%. 8% 71% 72 9 Va 32 45 VH 19% *30 Va : 7% 7% 71 % .31% 8% ■ 20 30 Va 31% 46 19 % 8% % 8 19% 3% \ *81 81 31% 98% 98% 4,700 ,. , 15% £ 15 83 Va. 3% 3% 3% 81 98'A 98 . :A £8 Va 9 8'A 46 A 600 13% 13% 9% 19 . 13% 24% ; : £ *23'% 19 % 9% 9% 11% * 2% £ 2% 24% 14 VH Apr 5 Transit Corp-No par Avenue Thompson 2,200 ; / /£ 7.500 29% 29% 27» 25 28 1 4% Mar Third 12% 2% 2 15 $3 div conv preferred— 40 £37 V2 26 Apr 12 Oct 97a 42% v Apr 5% Apr Co——— Thermoid 30 6 40% Apr 8% Jan Nc par +$3.60 conv preferred.No par The Fair—— £ —No par Pifferred v; £ 100 £ 2,400 . 7% May Apr 2 Ry Co Thatcher Mfg.Co— 163 ' 50 13 5 Gulf Sulphur- Texas & Pacific 1,700 • £ 7% 7 -:V ;. 12% Mar 29 2 Pacific Land Trust-———1 180 ;; 8 Nov Nov .35 AA:.4'A: 1 '/a Mar 3Jan Texas 6,400 7 8% Jan 41% Jan 45 36%'Jan Texas A2,900 82 82 Apr 25 £TNo par Produc'g Co_ 5,300 ; Apr 3 5% Mar 16 32 9 574 Apr 2 Jan 5% Jan ——25 14,200 v/ . Corp (The)- Co 4 Jan 3 —No par Pacific Coal & Oil--—LI0 . 44% 44% 7 ' , • : , 10% 10% 7 Vh . vA 27% 26 n 83%: *82 h 9,100 2,400 44%" 7V« 7 82 *37 Va 6% 6% 6% 10% x44% 45 Va.' *6% 82 v 5% : 39%' :£ 10% "10% 10%, /£ 261 10% 10% • *44% 7 % 80 80 79% 79 80 80 9% 45% ; 6 % 7 « 10% : 25% 25 % . 25 'A 10% •£• 10 10% 23 % 48% Texas 11% £ 12' i':% 11% . 39% *39 V; Tennessee 8,900 5% 39% 5:»» A 5% . 2,200 T2 5 11% ... 48% 48% 5% 1,200 11% 48'.H 11'A Mar 30 35 „ 9 —50 ,_5 5 , . 5%% partic preferred Telautograph Corp. A— *4% 4%A> 11% V 11% 11% 10% 48% 5% 5% 5% £v£ 4% 5 *4% 5 5 5 11% Talcott Inc (James) A/: 44% *43 VA 44% * *43% 7% *7 7%. '•£"*7 •' 44% *43 Va: 45 .*43% 45 45 *43% 7%' *7 7% *7 share 19% Mar Mar 29 8 4% Jah $ 35%,Apr 22 8 22% Feb No par —I V $ per share share I!) 12 Year Since January I Highest Jan 29 Sylvania Elec Prod's Inc__• .4,600 7 $ per Swift International Ltd 35 Va 26% •£/;,;£' :.:.i/,£££." v••. Shares share per 34% 34% 35 V4 : $ A $ per share share per 35 25 25% 6% G% S share 35 V 35% 24 24% 24% $ per share 35 35% 35 V.» per Lowest " v V,; EXCHANGE -^A/vA'. V; the Week Apr. 8(1 Apr. 29 Apr. 28 Range STOCK YORK NEW for Sales Friday Thursday Wednesday Tuesday for Previous Range STOCKS PRICES SALE HIGH AND LOW • 133 Jan 26 141 29% Oct Oct 96Ve Mar 138 Jan W 32 Va 32% 9 "8% 27% 26% '102 % 104 For 32''a 9% 32'% 9 103% footnotes see page I1- 32% 32% 32% 32% 32% 32% 9% 9 % 9'/8 9 Va 0 Va 9% 9% 26% 28 27% *102% 32% 1627, 27 Va *102% 103% 26% >103 26% 27 103% *103 27 103% 26% >103 100 24% Jan 4 1 No par No par 7% Jan 5 4.200 Wabash 2,500 Waldorf System 5,300 Walgreen Co 27 103% 4%% RR preferred 32% 9% ; preferred with warr 100 20% Jan 2 Feb 10 103 36% Mar 29 9% Apr 30 28 Apr 26 104 % Mar 11 21% July 6% Mar 30% Jan 7% Nov 16 Apr 20% Nov 97% Jun 102 Ve Oct I Volume 157 THE COMMERCIAL Number 4173 • & FINANCIAL CHRONICLE NEW YORK STOCK LOW Saturday Apr. 24 $ Monday 7% $ share 7% 50 :"i 49% *18 18% *10% 10% $ 7% -,.7% 50 7% $ share per $ 7% 50% 49% 49% 50 18% *18 Ve 49% i8v2 18% 10% 10% 2V8 2 Va 2% . *18 10% 7% Lowest Par $ per share Year 1942 Lowest Highest 7% 5,800 Walworth Co No par 4% Jan 2 8% Mar 29 3% Apr 5'4 Nor 497/a 50% 2.000 Walk No par 38% Jan 12 31v8 Apr 41'4 Nor 18% 300 15% Jan 4 13% Mar 16 Va 11% 1,800 No par No par 50% Apr 30 18% Apr 27 4% Jan 5 12 »a Apr % Jan 4 Jan 20 7% Jan 7 ■ *18 19 ' 11% U % Shares Highest 7% 50 11% : 11% Range Since January 1 exchange share 7% : Range for Previous stock york new the Week $ per per share 7% Sales Apr. 30 Apr. 2!) 7% 10% 10% stocks for Friday % Thursday V Apr. 28 share per RECORD PRICES Wednesday 18% *18 SALE '•; >1;: Apr. 27 • share per HIGH Tuesday ■'Apr. 28 per 493 AND 1627 (h) Good & w Ltd dlv redeem preferred Ward Baking Co cl a $ per share $ per share 2% 8 $ per share Oct Jun 6 Nov % May 1 Nov " % 2 2 43 *41% 42 42 127a 13 81% 81% 12% 41% v 13 32% *31% 32 J/4 *31% 32% 19% *31% * 20 *197'4 20 19 "a *15% 15% 22% 22% 19 % 15%, *15% 15% 22% 22% 22% 5% 5% 6% 31 182 31 *v Class 2'% . 44 44% 82 $7 2,300 5% 5% 22% 22% *22% 22 3 *73% 74% *73%. 74 15% 15% 15% V-. 19% 30 19% 19% •15% -15% 19% *15% 15% 22% 22% ' v ■•:"•■ 23 ' 22% 22% 22% 22% 22% 22% 73% ,73% *72% •74% 72% 72'%. 15% 15% 71 73% *71 75 88 86%. 88 *86% 87% 87 77 ••77 77% 77% *77% 78 76% *113% 114 *15 *15 108 23% 24% 5% 5% 5% 5% 5 Va 9% *10% 10% lVa 1 Vs 11/4 1% 1% *1% 33% 33 7/a 33% 34 34 34% 20% 21 20% 207a 20% 21 20% 20% 34 34% 20% 20% 92% '33 *107 *21% ' 67 *19 19% *28 29 *28 28% 4% 21% 21% 66% 66% 66% 19% *18% 19% *18% 19% 19% 19% 19% 19% 20% 6 1/4 6% 6% 6'/« 6% % 4% 5 4% 74 4 6 Vb i 4% 7: • 74% 79 24% *23% 24% 24% 25 3% 3% 3% 3% 3% 4 6% 6% 6 Va 6% 6Va 6% 11% 11% 11% 11% *11 Va 11V2 11% 7V'4 7% 7% 7 Va V 7% 7% 75 75 75 11 -V,: 11 7% 75 .4 / ' 21% 75% 6 6 11% *3% % *10% 11% *116 ^77/ *• — *116 7 7; *116 20% 20% 20% 20% 35 V8 35% 35% 36% 21% 21% 21% 21% ?- *130 138 *130 137 ♦130 *118 125 *115 125 20% *115 , *52 Va 53% *52% 53% *53% *53%' 54% *102 108 *103 36 • i 91 Jan Apr 104 Jan 57 Jan 2 80 Mar 19 36 Apr 93 Jan 109 Jan 8 115'% Mar 30 102 May 100 $4.50 Jan Jan 2 95 5 132 31 Jan 12 No —Wo 6 % 600 w$6 Wilson-Jones 66% 27% 27% 15% 16% 15% '125'% 128'% *116 125 *116 125 53% *521/2 . 67% 28 28% 16 128 »/2 16 Va 128 53% 28 300 600 28 16 % 3,300 16% *127 19,200 129 1 12 11 % 11% 11% 11% 12 12% 121.4 35% 35% 35% 35'/a 35% 35 Va 35% 35% 36'/4 36 36% 89 Va 87% 88 87% 88 87% 88 88% 89 89 89 13 13 12% 13% 12% 12% 12% 12% 12% 13 12% 13 29% 29% 29 29% 29% 28% 29% 28% 28% 29 3% 3% 3% 3% X3% 4% 4 6 42 vi 7 80 23% Anr 5 67% Apr 19 2 5 •17% 8 58% Oct 50 Apr 93 Jan 21% Mar 30 Dec 27% Feb Dec 69 % Jan 12*4 July 16 Apr 108 % Dec July 15% Dec 12 Jun 15% Jan 7% Apr 30 3 Mar 5'/b Nov 5% Apr 30 1 % Apr 3% Jan 86 Apr 30 40 53 Jan 25 'a Apr x20% Jan 19 30 15% Apr 2214 Jan May 27 Apr 2% 30 2 % Oct 8 Jan 4'a Jan Mar 30 1% Aug 4% Apr 8% Dec Apr 8 3% 6 a Jan 57% Jan 75 34 Apr 29 73 4 Jan 11% Apr 6 Towne 115 )'■ 100 100 100 100 par par b— 21% Jan 118 '/< Jan Mar 31 110% Oct 21*% May 14% Jun 2 Jan 24 31 Dec 21% Jan 5 Nov 125 July 17 Mar 117 106 Nov 117 Mar Apr 125 42% 54 6 54'% Apr 9 v 12% Jan Dec 23% Apr 9 1 16% 38 7 44 Jun Apr 20 80 Jun 104 Jan 39 Apr 62 Jan 108 70 Jan 15 58% Jan 4 100 Jun 53% Apr Jan 25 Co Preferred 107% 140 88 No 51 r 8 Dec • 9 Jan 46 —Wo Yellow Truck & Coach cl ' Jan Sep Sep 23% Mar 26 8 V'..5-* ••'.•• 115 30% Jan 2 Jan 20 Feb 15 Feb 24 16% 112% 109 44% (Dei)—Wo par Mfg. 4 17'a Jan 10 Co_ '« 8 27 Jan I . -10 12 2 Jan 9 100 pfd 4% % Conv series Yale & Apr Apr Apr pfd Wright Aeronautical Wrigley (wm) Jr (Del) 90 12% 35% 89% 12 - 100% Jun 60 91 7% Apr preferred a Prior 68 27% 16% ' 109% Mar 31 Jan 2 6 preferred b Prior pfd4%7« series 54i% Jan 2 Va Jan 6% 108" *66% 128 • 53'% *53% *103 68 27% 16% 128 v. 54% 108 *66% 28% 16% 128% 11% 53% *53% *103 66 % 66% , *52% ,55 53% 108 *101 28 Va 16 *125% 12 Va *53% 54% 107 67% 28 27% 125 *53% 16% *125'%- 128% *115 31 Va 5 Apr 1 % «'*} 7% Mar 14 ——10 6% Worthington p & m 137 Deo 22 29 Wo par Co Woolworth (f w) *130 32% 1 10 preferred 14,400 137 83 127 Apr Wo par '■6,200 *130 Deo Apr Aug 23 Apr 4 Woodward Iron Co 500 Feb — Wilson & Co Inc 900 63 Vb Oct 19V4 2 preferred— conv 35% 137 Sep 30 Feb 2% Jan Motors 23 % 21% *130 Jan 2 —5 Oil & Gas c Willys-Overland 11,300 V Jan 8 % 109 3% Jan 5 2% Jan 8 40 Jan 15 —20 Mar 30 2 Jan 13% Jan par 1 preferred Wilcox [7.200 21 3% 22 9 Jan 58% Jan 15 1 No Co Corp— Jan 18 par ...20 wi - Wisconsin el Pow 35% 21% 85 —Wo par Rock Min Spr White par (The s s) White Sewing Mach *116 21 Apr May % May 34 5a Mar 30 26Vb Mar 4 106% Jan 15 52 Mar 13 100 -—100 Ry Co preferred conv White Motor Co 48,800 k 4 Vb 81 120 No pur Wheeling Steel Corp $5 conv prior pref ■\ 2,500 11 Va 2 *50 50 preferred 5%% 6,100 76 XI % 5 3 12.50 Instrument Elec PriQr *75 6 % Apr 11% Apr Dec 20 13% May t$4 conv preferred——Wo par 7% 2 2 7 390 12 Feb Jan 22% Apr 400 ■ 18 104% 4 1 7% Sep Sep 12% May 15% Jan .1 - 10% 23 Vb preferred Jan 113% 97 5 5 i'. - 29 Mar 25 36% Apr 25% 7% Mar Apr 25 7 86 7% 36'/a 19 Union Wheeling & l Erie 10,900 4 16 108 2 7% Aug 26% Jan v 14,500 *3% 5 Jun 19 Mar 10 4 25 20% 103 -10 83% ~ 5 11% Jan No par 78 3% Mar White Dental Mfg 7% Nov Apr 41% 15% Apr 16 1st 230 I 10 '4 34 17 Westlnghouse el & Mfg 150 a 1.200 5'/4 11% 21% Nov \b Mar I 20% 75% 36 Jan x71% Mar preferred 30 : 75% 361/3 20 '4 May 91 Jan 2'a Jan 110 ■ 6% *11 Va 21'% May 4 5% Jun f 125 : *103 66% 35% 21 % 21% 15 59 % ,75% Mar 19 100 30 . 47/a *116 20% Feb 4 100 1 7% 20% 19 -100 pt'd Westvaco Chlor Prod 137 53% ... 54 % 66 % 66% 36 V'4 21% 107 20% Jan 4 V-V *20% Oct 39% Oct 8% Jan 100 700 20 7% ./ 6 Dec 67% Jan preferred 2d 4'a t 21% 7 Va 111/8 24% Telegraph 3 00 Westinghouse Air Brake——wo par 19% 7% — 21 Jan Supply co— Maryland-!.— Western • Weston 11% - 4 17% Jan 69 Apr 8% 80% 50'/a Jan Auto 400 65'% 11% 75% 11% ;:••.. -- ' 32% Apr 21 29% Nov Apr may h 100 Pulp & Pap Co preferred___, t6% 3,300 " *116 Feb 4 % x05 1 West Va Western 8,200 • 1081/4 11% : 5 100 — / 18 Va 1 • 4 /vs; 6%: 16 8 Mar 26 par : 29 11% ; 75% 75% *11 >• 4 No par a——.No 33 21% ' 25% *3% par Corp class f * 82 ■ No par Indies Sugar Western 93% 651/4 65% 82 July Western Pacific 6% i 90% *24 3 126 58 24% Jan 1 9,000 34% *56 79% 79% *24 1% tWest Penn Pr Co 4%% 700 5 4% • .. 6% Apr 19 25 % Mar 29 West Penn el 3,800 l *86 21% 65 8 No — preferred S 58 21% 2% Jan 6% 5 v2 89 89 West ] 2,100 ! 5,500 29 / 19% 90% Nov par 5 —-1 preferred -10% *107 21% *19. *88 18 7% 15% 21 • - 66% 19% 56 56 *23*% 70 'V 1C7 *21 '/a 66% ; 70 70 *56 90% 6% • 107 56 56 ,19% ' 107 32 *88 6% V 107 108% Oct Jan 210 24% 93 28% ..,28% 19% 20% ,6% 7 4 V« 32 *107 14 11% 300 107% *131% //•'- 33' ,v; 32 21% *66% 20 *6% 136 *31 1/4 ' Jan 1 No ™ $4 conv preferred / i 7.100 v 100 .. . . 33% 93% *131.1/4 32 5974 *88 21% 66% *19 £2% 131 400 10 va ' • 90% *56 21% 88 92% .'•'■ 93% 131 Jun 12 24% Apr i 5.600 *31 108 % 59% 88 *56 92% 132% 13 v'4 167,'b Mar 29 5 Apr 13% Apr • 5% ' 32 • *28 1077a 107% 92 ' V; 39 32 29 *28 ;V 133 *131 ..A- *131 93 92% 132 ,/ ; 20 4 17% Jan. Co Wesson Oil & Snowdrift 600 V , 1% 34% | , 150 24% ,"••'• 5% 8.400 113 V2 *106 24% 9% • 4 12 va Jan Waukesha Motor Co— Wayne Pump coi Webster Eisenlohr- 76 /v. 15% 106% 5% 1% 92 % 5% 87 113 Vs 15% ' 23% 10% 1 Vb 132 15% *106 15VaJnn Washington Gas Lt 700 1 •/•• 74 76% 5% 10 % *31% % 18 8(W 115 •• 87 - 78 *9% 10%, 1V« 15 27% Jan 300 I 22'% 14% *68 • ,•>'113 %v 113% ' 24'/4 par 46 84 ■ : 33% 11 *10% ■:* 77% % 108 24 24% No Warren 26 5 I *72% v 74.Va '.:•: 87% 87% Fdy & Pipe 400 I 74 •;:.. 114;.. 15% *107 108 24% . :• ■'•'•/ 15 '•*.' *68 77% • 79 % Mar 12 50 * 6% 22% * 87% :-v74 *113% 15% 151/4 *107 108 • 24 113% 113% 15% *107 23% 5% 114 *113% 15% *107 < *71 %/14% 15% 14% -:.•; 71 par Pictures Bros v:/r . 23 6 •6% .„ 4 87 v .6 6 •;• No $3.85 t 28" • 197/a 57'a v • preferred preferred Warner 2% Mar 29 ;v : V; % 15% *71 ■ par ; 100 v :. • 5% No b 41.400 13% *81 - 15% 22% • •'-13 Ys 13% - 22 % *15 *2 v 45'/2 -v 12% *81 >;/: 32% 19% 15% *22% • 82 *31 2% 44 ' 12% -•>. *81 82 2% 43 12% 12% *81 2% 42 42% . 12% 82 *81 2 • Mar 23 28'% Apr 13 2 12 10% 13 4 Jan 5 Jan 23% Apr 111% 6 Jan 57'/4 15% Jan 28 17% mar 29 131% Apr aun Oct 14'/4 Nov 121% Dec Nov 2,400 Young Spring & Wire No par Apr 7% 9,600 : Youngstown s & t_ No par 30 Jan 6 39v» Apr 6 28% Jun 37% 100 82 Jan 4 90 Apr 8 78 Jan 87 Oct No par 9% Jan 2 13% Apr 5 7 May 12% Jan Wo par ———1 19% Jan 12 30% Apr 5 8% Jan 2 8 1'% May 460 v t5%% preferred series a 5,200 Youngstown Steel Door 2,400 Zenith Radio Corp 8,200 Zonito Products Corp 7% Jan •; Mar 31 , jan iiiz •Bid asked and 3% 3% 3% prices; reduced from 100 to "29 no sales 3% • this day. on fin receivership, a 29 % 4 Deferred delivery. ,n New Stock/ r Cash sale, Special sales, s x Stocks, Number 0/ and Miscel. Bonds II Called for redemption, — Government Foreign Total Bond Bonds Bonds 642.190 $7,583,000 $206,000 14.592,800 269,000 827,870 • $2,000 14.866.800 21,024,300 20.430,300 568.000 26,000 18,646,800 :! 321,000 1,500 23.628,600 313,000 1,358,890 ; Total- 20,835,700 $2,066,000 Saturday 26,500 Monday 270,625 —. — „——— - ' Thursday $107,844,200 . $27,000 38,000 20,000 72,000 994.000 6,000 1,817,150 — 748,000 1,015,000 326,375 - Friday-——--7-"-"-7 $598,000 1,041,000 1,129,000 253.260 - "Total-—. 318,920 318,025 ' Government 329.945 Wednesday—— 21,251,200 $61,000 — Domestic Shares) Tuesday 18,969.300 23.941,600 389,000 6.175,245 $105,717,200 of Week Elided April 30 $7,791,000 5.000 7 880,170 — : $5,525,000 $191,000 28,000 " Week Ended Apr. ■ of shares s. Government— Foreign Railroad + Si Week Ended Apr. 20 1943 1942 6,175,245 Bonds u. 2% Deo Jan t Unit of trading Bonds (Par Value) Foreign Foreign (Number Sales 1,340,820 — - Stocks—No. 20 Stocks United States 1,125,305 ——————^ Monday v; Ex-rights. Feb Daity, Weekly and Yearly Railroad Shares Thursday Friday y Vs Apr Transactions at the New York Curb Exchange / Exchange Daily, Weekly and Yearly Week Ended April 30 Tuesday— Wednesday Ex-dividends, 4 10 shares* Transactions at the New York Stock Saturday—. 2 industrial Total 1943 1,742,129 1943 30 1942 Total $8,000 9,000 4,000 $633,000 1,088,000 1,153,000 821,000 1,000 4,000 1.047,000 32,000 1.032,000 $58,000 $5,774,000 Jan. 1 to Apr. 30 7:1943 ?7 1942 1942 113,017,048 of shares 1,817,150 ... 296.133 25,661,577 0,669,630 s5.525.000 $4,085,000 $80,902,000 $64,697,000 191 000 Stocks-No. 37,397,231 38,000 3,560.000 1,322,000 : 1— * Jan. 1 to Apr. 30 Corporate — $61,000 $486,000 $957,150 $3,901,950 b°n<i' Domestic 2,066,000 2,844,000 46,165.500 46,586,000 sostoi 105,717.200 $7,105,80.0 1,378,539.100 773,209,700 $107,844,200 $40,435,800 $1,425,601,750 $823,697,650 Total - is!; : $5,774,000 . Stock and Bond Averages Below listed on the daily closing averages of representative stocks the New York Stock are Exchange as —Bonds— / i 10 20 15 Indus¬ April 24 April 26 April 27 April 28 April 29 April 30 Rail¬ Utili¬ trials Date— and bonds compiled by Dow, Jones & Co.: Stocks 30 roads ties Total 65 Stocks - 10 10 .First Second Indus¬ Grade Grade trials Rails Ralls Total 10 Utili¬ ties ♦ 40 Bonds - 134.34 35.24 19.75 46.74 107.00 99.48 64.35 110.64 95.37 134.34 35.30 19.64 46.74 107.01 99.34 64.30 110.65 95.33 - 134.39 34.95 19.56 46.62 106.99 99.34 64.16 110.57 95.27 134.14 - - . 200.000 53.000 35.04 19.46 46.57 107.01 99.34 63.99 110.54 95.22 135.24 35.58 19.67 47.04 107.01 99.60 64.49 110.48 95.40 135.48 35.56 19.61 47.08 107.03 100.16 64.86 110.51 95.64 $4,129,000 mooo $84,722,000 $66,402,000 ( THE COMMERCIAL & FINANCIAL CHRONICLE 1628 Monday, May 3, 1943 msak Bond Record v >New York-Stock Exchange «» FRIDAY WEEKLY - the "and are for Income and Interest"—except in each case the month when the bonds mature. the column headed "Interest Period" indicate The italic letters in • Ended Week S. U. 3%s Treesury 3%s Trei ury 3'As Tree i iry 3'As Treasury 3'As Treasury 3%s Treasury w* 3s Treasury 3s Treasury 27/aS— Treasury 2%s 2%s 2%s 23As 2%s 2%s 2'/2s 2'As 2'As 2'As 2'As__ 2'As— 2'As 2'As 2'As 2'As 2'As 2'As 2s Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury ; ; 2s 2s Treasury 2s Treasury 2s 2s Treasury Treasury 2s Treasury l3As Treasury Federal 3s Owners' Loan York New 101.T 101.6 101.31 102.17 6 A ; 103.3 106.6 106 110.3 M-S M-S *110.26 110.28 M-S *104.9 108.10 109.26 109.26 109.26 108.21 108.23 108.26 110.8 M-S -.2 *109.24 109.26 J-D 110.8 l 110.8 *104.4 104.6 • *106.15 10(5.17 3-D 106 :-v': *1.03.28 103.30 M-S 106.20 1 . 103.24 -Ji 103.24 ' M-S *103.21 103.23 __ *100.5 J-D 100.21 M-S t J-D 100.7 J-J 100.16 *104.3 • __ 100.31 104.30 105.7 101:25 *101.17 101.19 :« 101.25 104.5 101.14 4 y 100.15 100.12 103.16 103.16 100.9 J-D .,*101.4 — City »' Corporate Stock 102T4 102^28 102.10 — 102.27 V ^>•5 ~—— 62 61 J-J 62 61% 62 47 45 47. Govt. 30% 30% 54 1953 M-N 44 % '44% 46% 8 39 52 (Rep of) 7s_i Cuba (Republic of) 5s of 1904 1951 M-N 27% 27% 10 1Q 9Q External 5s of 1914 series A 1949 F-A >102% External 1949 F-A >102% 25-year gold 4%s_ A Costa A . Rica debt 1944 4'As external 4'/2s loan A Public AGtd wks External 1977 §A2d A-O 103 90% sink 1955 F-A 1962 fund A-O 1942 MS 1940 "2 A El Salvador 38% 42 30% 42 47% 66% 64 65 19 56 V2 56% 59 16 45 62% 51% 51% 53 41 42% 57 69% 85 72 72 *83 1961 (Republic of dep of) M-S 80% 80% 72 A-O 80% 81% 72 85 A-O 1948 J-J 1967 J-J 1945 7s (Republic) extl 6s French Republic 7s stamped 7s unstamped ii 85 1969 1969 ctfs 8s 125% A-0 series 1st 106% A-O —1940 5'As 107 *40% M-S 1949 20 18% 28 95 95 99 97 a 31 37 *22 100 *99 J-D 1949 *99 part part paid paid 1964 Jugoslavia 18% 1952 1960 A-O M-N 20 3-D 91 51 "I 20% 20 18% 201/2 18% 18% 1 18% 20 % ■ — — 97 tii 14% ' 20 90% 91 11% 11 5 ' 14% , 17 . :• 16% 15% 20 82% 8 - ; 11% *12% 3-D J-J 91 ■"'A 12% 12% 12% 15 J-J 13% 5 11% 15 % 14% 14% 1 14 16 31'A 32 33 31% — 12 12% _ — Wales 32% 26 16 9 12% f 32% «."4 v' M-N F-A 18% — 32% 89% *80 ■ 32% 18% '' *85% 89'% 84 84 82% ;; -- 93 (State)— f 5s s 32 J-D 1957 1958 7s A M-S 1959 f 6'As s 9 12% 11% _ M-S 1958 1959 f 6 "As s South r 1952 s (City) series 30 (State)— external 5s *85 __ fund fund A-O F-A 1970 4'As F-A J-D A-O 86 *70 ::: "2"/" ■ 82% 92 y'.'y 100% 101 100% 101% *85 1955 4'As sink F-A 1944 1956 1965 1963 sink External 89 85 A-0 1943 6s External '' 85 ■;:L'-i8%- Q-J External 51 46 *62 97 Q-J A 6s 50 70 it.'' M-N 1945 AMontevideo 44 62% 11% 1943 assented extl 5s of 1899 £ (US) ASec external 1-1693 82% 80 14 % A-O 3-D 1945 A Sec NY 68% Irrigation— stamped Minas Geraes Teletype 23 22% 12 13 /; 3 *93% : ■ 1957 1954 .1945 §ATreasury 6s of 1913 assent—1933 A — 1954 7s 6'As 4s readjusted 15% 18% 82% a 1954 (State Mtge Bk) 21% 18% 82% A-O -I960 f 5s s (Colombia) (Prov) *15% 1968 AAssenting 4s of 1910 51 -V 72% *40% A-0 AAssenting 4s of 1904 18% 'J — — U 104% 123% 125 125 J-J Finland Mexican *50 A-O J-D 23 89 *104% 106 1942 5'As 2d series A4'As M-S 32 100% 101% 102% 87 88' 1952 5'As gold series External 1968 4s J-D (Rep of) 8s ser A.1951 Norway external 6s 1948 (King of Norway) 30% *100% 102 J-J 1945 5%s f ADominican Rep Cust Ad 5'As § A 1st series 5'As of 1926 A (Colombia) — sink fund 6s Akershus M-S 1953 ; ASinking fund 8s series B 5 A Denmark 20-year extl 6s AMexico F-A 47 40 Mendoza Broadway, :New York 1947 G2 38% 20 Municipal & sink fund 6s 61% 52 150 37% External Foreign 52 3 A: 50% New AGtd 28 61% 46 Irish Free State extl WERTHEIM & Co. Agricultural Mtge Bank 21 45% Foreign Securities 120 23 20 45% 1947 AAssenting 5s of 1899 2-2300 22% 16% ' J-D A7s and other REctor 17% 1 ■it. 3;'^ 21% 1952 105 active interest in York Stock Exchange 24% Greek Government— 103% 125 104% 105 South American Members New :-:17% 11 *30% AMedellln Telephone 21'A A-0 (Republic) s f 6s series A Helsingfors (City) extl 6%s ; 22% 21'A *17 A- O Mtge Bank 6'As__ A 6s an 22% M-S J-D 23% 1970 Haiti We maintain '22% *30% A Estonia 102.9 V.;1' 104% J-D 1980 23% -• *30% 5'As 101.6 24 18% " •' 1961 Customs Admin 5 Vis 2d series " 102.12 *102.7 24% 17% M -N 102.7 8*102.10 __ M-N tV' 24'a 20 • 30 22% A-0 100.16 100.10 <?*102.5 * 22% 1961 bonds External gold 4"As *100.18 100.20 " 17 2 ' 24% 24% F-A •' *103.30 104 __ 24 21 1946 100.15 100.12 *100.8 %._ J-D M-N 15 *100.11 100.13 • 3-D MS 100.28 100.14 100.15 100.15 M-S J-D 25 3 ;.:/17% 1 1947 101.14 100.15 *100.19 100.21 __ 100.15 J-D 22% Oct A Czechoslovakia 100.28 *100.22 100.24 M-S 25% 19 ■ __ 104.8 >/; *104.6 ' ,. 26 18% 24 22% V 227/a 24 22% Jan f $ Sinking fund 5'As Transit Unification Issue— 3% 1928 ■ J-D J-J 25% 20%' . 24% of)— 1927 s 26 70 ■ 23% •> M-S 1951 ; ' 101.14 101.14 M-S 100.21 10 *105.26 105.28 J-D -I960 ^-4.' 22% •• M-N ASinking fund 7s of 1926 ASinking fund 7s of 1927 Copenhagen (City) 5s 100.23 100.3 100.21 100.21 J-D ' 100.10 (Vi y y *105.18 105.20 $ . __ *100.11 100.13 J-D of of external A Colombia 106.13 106.20 M-N i960 (Republic AGs 3s 1 106.30 *106.28 1962 High 18% 32 19% -t-. A-O 5s Low v ' »)•! J-D —1962 (Hukuang Ry) No. 24% 23% J-D 1961 Cons Munlc 7s Chinese Colombia ' 'V;ii—_ *106.16 108.18 M-S M-S A i AGs ' J-D J-D .■ January 1 24% 23% A-O A7s assented 108.10 108.15 Range Since Sold High •' ' J-D 1961 . Bonds Friday's J-D -1961 6s assented A Chilean 107.10 *108.28 108.30 J-D M-N 1957 assented A6s 104.26 '■ 107.6 *106.30 107 • M-S 104.5 104.10 M-N 1957 AGuaranteed sink fund 6s 110.15 109.9 ■ t -1961 AGuaranteed sink fund A6s A-0 1963 assented ;'v 1963 sinking fund 6s A-0 1962 : 110.11 110.3 110.3 1962 A63As assented v - *105.31 106.1 or Low fund 6s sinking Week's Range Last Sale Price Bid & Asked — A6'As assented ' J-D Period ASinking fund 63As 110.16 105.28 -- *110.17 110.19 J-D Interest 30 AChile Mortgage Bank 6'As 106.30 110.13 106.11 *106.9 J-D 1 A6s 100.26 *102.13 102.15 v ' 1944-1952 1945-1947 M_. series A-O el01.5 el01.5 A-0 100.15 April (Continued) AExternal ". Ended assented A6s *107.19 107.21 ' (Rep) AExternal 106.3 *100.11 100.13 Friday New York Stock Exchange Chile 114.1 105.5 Corp— 3s series A l'As 113.7 5 J-D Corp— 1944-1964 1944-1949 Mortgage Farm 3'As 17 105.6 A y. Week High 113.8 M-S 1947 Mar 15 1948-1950 Dec 15 1948-1950 Jun 15 1949-1951 Sept 15 1949-1951 Dec. 15, 1949-1951 1950-1952 1951-1955 1953-1955 June 15 1948 Treasury 2s Low No. High 113.7 W J-D ;< ' 105.5 A-0 _ 2s Treasury January 1 Low 1947-1952 1944-1954 1946-1956 1943-1947 1943-1945 1944-1946 1946-1949 —1949-1952 _1946-1948 1951-1955 1955-1960 1945-1947 1948-1951 1951-1954 1956-1959 1958-1963 1960-1965 .1945 ; -1948 1949-1953 1950-1952 _1952-1954 :—:—1956-1958 1962-1967 1963-1968 1967-1972 —1951-1953 ___1952-1955 1954-1956 4s Treasury Range Since Sold Government 4'As Treasury Bonds Sale Price Period April 80 i--Kf.;^.1 &.vJ,J *i.V *!;«i'W - BONDS Bid & Asked Last Interest Ey/vjjange Stock New York *t.UWt'ii «.•<*'■(•. Week's Range or Friday's Friday BONDS Home YEARLY - defaulted bonds. Cash and deferred delivery sales are disregarded in the week's range, unless they are the only transactions of week, and when outside of the regular weekly range are shown in a footnote in the week in which they occur. No account is taken of such sales in computing the range for the year. NOTICE—Prices *101 .-T /■; * 101% 101% M-S 2 2 85% 94 87% 87% 14 77% 89% 87 87 24 80% 87 93% 93% * 1945 AExternal s f 7s series B 1945 J-J AExternal s f 7s series C 1945 J-J 20% J-J V AAntioquia coll 7s A (Dept) 20% V'-* ''"w-- AExternal s f s f 1945 7s series D J-J _„1957 A-0 AExternal sec 8 f 7s 2d series—1957 A-0 f 7s 3rd series—1957 20% A-0 AExternal AExternal 7s sec s 1st series 187/a 23 15% 20 '/a 4 15% 19'/a 4 16 18% 16 18% vC;»'V • 42% 22 96% 100 88 % 88% 8 84% 48% f loan conv 4'As —1971 M-N 88% 89% S f exti eonv loan 4s Feb 1972 F-A 82% 83% 45 78% S f extl conv loan 4s Apr 1972 A-O 82% 83% 64 79 85 85% 30 82 13 83% 79 of 5s 1957 1927. external 6'As External s f 6s External s f 7s 94 84% 84% 80% 82% 98 98 98 1 96% ANat J-J 98 98 98 5 96% 97 "" f 6s 2d ser loan s f 7s— A Stabilization A AExternal sink fund gold 8s A4'As assented 99% 1 49% 43 36% 53 ',,47% 47% 62 34 50% 47'A 47% 37 34 51% 47% 47% 3 34% 51% 88 88 3 87 91% APrague (City of Greater) 7'As—1952 Queensland (State) extl 6s 1947 ARio de Janeiro (City of) 8s 1946 AExtl sec 6'As 1953 *__ 88 83 89% Rio Grande do Sul *91 92% 87 93 1957 A-O a__1957 A-0 1952 1957 J-D 1958 1950 F-A Sinking fund gold 5s Sinking fund gold 6s 47% 47% •r' M-S J-D i « 88 v. ^ ; v- '••t'jf-' >r • (City of) 8s APorto Alegre 1966 AExternal loan 7'As A 8s extl (Province of)— 1961 M-S 1977 M-S. 1976 1976 1975 M-N f $ bonds 1984 J-J 30-yr 4s 1960 A-0 stamped S f 4'/a-43/aS Refunding s f 4'/4-4'/2S External readj 4%-4%s External 3% f 4'A-43/4S s external Canada (Dom 10-year 25-year 7-year s of) 2'As 3'As 2'As W 74 F-A 74 74% 11 A-O 74% 74% 3 1945 • : —»«,' J-J 1960 J-J —- Jan 15 Jan 15 1953 3s Jan 15 1958 57 101% v 101 J-J 103 102 AChile (Rep) 8s External 1954 75 ; 39 15 . 103% 101% 102 s I 7s 1942 103 'Ws assented AExternal A 6s A Extl "6s A 6s A-O i960 A-O Feb~1961 F-A Feb 1981 F-A Jan sinking fund 6s assented s f 6s 1961 J-J assented footnotes Jan see page 23% ' assented AExtl sinking fund 6s A6s assented For M-N sinking fund 6s ARy external M-N 1942 1960 25 Sep Sep 1632. 1961 1961 1961 J-J M-S y-s — — 23% •MM. — — 23% a__ 23% 25% 237/s 58 $ASan Paulo (State) 8s A8s external *20% — — 24 25% 23% 52 A-0 *10% • 15 •«•, ii'tf'/: : ; -i.** 15 15 3 *21 ' 15 A-0 20 J-J *10% 14% *28 J-D W . w".' 38% M-N 12% 16% 30% 17% 30 17% 30 45 95% 9 90% 96 29% 31 13, 18% 31 F-A 28% 28 29% 52 16% 30 20 33% ' y. A-0 33 33% 12 28% 30 18 17 M-N 31 31% 18 18 31% 31 31 17% 31 80 80% J-D M-S J-J 1 4 73% 80% 34 34 10 18% 34 30% 30% 31% 8 17% 33 J-J 52% 51% 52% 4 41 47% 48 47 47 1956 1968 J-J 46 45 69% 67 69% 101 'A 101 1940 Serbs Croats & Slovenes (Kingdom) — A 8s secured external 1962 M-N 13% series B 102'A A 7s ASilesia 103% 102 21 A (Prov extl 1962 M-N 1958 J-D « 1958 J-D '—L'- s f 5'As (Republic) extl 8s 20% *9 1960 M-N 1979 1978 F-A w — 16% 26 18% 25% 3%-4Vb-4A 26'A 4-4%-4%s extl readjustment 18% 20% 18% 25% 25% 25% 11% — 90 87 78 68% 66% 69 78 85% 85% 64 — *60% 72% 61% 66 % *65 25 66% " 3%s extl readjustment AWarsaw 12 85 84 1 ($ bonds of 1937)— readjustment ' 20 w *79% *79% J-D 1978 ■ M-N extl conv 20% 41 16% 11 ^ 15 conversion 1 -1 10 87 M-N 27 5 69% 2 95 87 M-N 25% 15 *89 1964 24% *9 F-A AExternal sink fund 6s 3348-4-4'As External • F-A 1979 25% 25% External — 1946 AExternal sink fund 6s 26 26'A 25% 46%. 62 13% —1955 4'As assented—. 18% 39 29% 25 17 «»*» extl 7s 18% 24% 13% a sec 51 1 47 ' of) 20% 24% 48 29% ' 100% 24% 32 8 46% A-0 97% ' 52% 4 3 * extl water loan f 7s„— 31 % M-N M-N extl dollar loan s 35% 95 29'A A7s 101% 26 30 . 95% A-0 A 6s 15 ~9 • F-A 103% § ASecured 16% 20% 29 '. J-J 23 14 15 *10% 1007/a 97% 16 23 J-J 101'A 101% 19% 15 ' 2 100% . 13 • - ' 23 25 24% 19% M-S AUruguay '*» 18% 1967 A6'/2s extl secured s f 109% *14 J-J 18% 1964 1952 1957 1936 fund 4s (City of Brazil) 8s Sydney (City) (City) 19% A-0 J-D " A Carlsbad 20% 12% 101% 1017% 102 J-J 28 13% 113 1968 1966 r 78 100% ?,01.1 100% 101% 101 loan ASao Paulo 48% 14% 68 19% 1950 municipal Santa Fe external sink 107% 103% 103% 102 /. A 7s 74% 75 1 13 19% 18% 1 69'A >V1S 108% 109% 26% 18% 1946 gold of 1926 71% *100% 100% M-N 1948 2'As 3s 57 74 A7s external loan 70 77 *100% 100% J-J J-J ' F-A 1967 *75% 92% 68% 13 1961 3s 30-year 74 92% 73% 1944 3s 30-year *80 106 3-D (State of)— loan of 1921 A6s external sink fund • External _19G8 1950 1963 1961 4'As assented 99% f 6'As of 1927 84 19% A-0 .49% f 6'As of 1926 82 73 26% —1958 1947 A4'As assented 49% s 70 11 ' 99% s (Central Ry) Brisbane (City) s f 5s 1 84 *104 : •' A-0 J-D 100 . 73 84 ;i; t-J- ' ■' —1940 (Rep of) gold 6s J-D AExternal A7s A 6s 1960 1961 .' M-S 72% 84 83 % M-S 1959 86 77 83% M-N M-S 1941 external 8s AExternal Buenos Aires 1967 71 72 79 *81 M-N J-D .—1947 7s (Rep of) external 7s loan extl s f 6s 1st ser 5APoland 99 ; of) (State ANat Loan extl s 99 M-S 3'As ref 3'As series B Ext sec APeru 83% 83% extl s f 5s ser A-1963 —1963 ext to 1994 (Rep) mod 1955 (U S of) JABrazil 84% M-N 1949 1928 85 M-S 1956 1955 External g 4'As of Belgium J-J ■ loan AStamped assented 5s Stamp 91 External 5s of '25-1955 extl fund (City) sink fund 4'As APanama 94 17 tCommonw'llh) Australia sink Municipal Bank extl s f 5s APernambuco ■ S 4s Oslo 54 99% *48 // — M-N 1948 20% 16 . 99% J-D AAntwerp (City) external 5s 1958 Argentine (National Government)— S f external 4'As 18% 20% 15% 18% 18% *191% !V4 15% 19'/a ' 87 (City) A4'As assented external 7s 1984 1958 1958 68% F-A — 15 25 60 *10 F-A 68% 60 J-J 68% 10% 10% 1 — — 8 67% 60 68 66 72 52% 60% 12 12 10% 13% THE COMMERCIAL & FINANCIAL CHRONICLE Number 4173 Volume Week Stock Ended Last Interest Exchange Period April 30 BONDS Week's Range or Friday's Friday BONDS New York Low * Bonds Sale Price Bid & Asked - Range Since Sold No. High Low 1953 ,vl.,,,;.,_„.,_,„,_1953 J-D Adams Express coll tr gold 4s_,„,1948 Coll trust 4s of 1907—,— —1947 Ot Southern 1st 65 Va M-S F-A *104V'e 108% 5s—1943 4s series B 1943 J-D 1st mtge 3 Vis ser A—— 1967 M-N Alabama Power 1st A cons " - . with warrants ■ A-O *65% A-O Albany & Susquehanna RR 3%s_„1946 3Vis registered —1946 Alleghany Corp— A-0 99% _ 5s F-A .—1949 J-D 92% modified,— _ 4-0 .,1950 A-0 Alleghany & West 1st gtd 4s_ 1998 Allied Stores Corp 4%s debs, ,1951 Allls-Chalmcrs Mfg conv 4s,—1952 Am & Foreign Pow deb 5s_____ 2030 A-0 Amer I M-N a income—. 5s Am —— — G Chem 5%s conv F-A debentures— 3 !4s debentures 3s deb . (Del) 4s B— fund 4s series sink 102% .,1959 gold 4s,_1951 fACent New Eng iACentral of 5s ; 1946 Conv 4s of Conv 103 y4 103 103 y4 "103 103'/4 " ' ' M-N Q-J ' - F-A —1960 J-D 115% ■ ' 107 % 109 107 113 100% ,1944 2 98% 4s 4s_. ; 61 11 V i • •' • V registered,,. 23 103% gold 5s_, 103% ■' 258 111% 112 96% 34% *102% 12 105 y8 24 112 114 111% 69% 85% Potts Creek Br 1st 4s 40% 102% i 83 74% 1 1947) due, 73 71% 32% 73% 73 74% J-D 46% 45 46% J-D 51% 51 10C'/a 103 104 106 24 185 59% 75% 264 , 52 M-S 60»/a 35% M-N 292 • ' 32% r'47% 35% 179 V:V 45% 45% 46% , 35% 36% 62% 64 84 63% *118 A-0 J-J » \ - ' ' ». \ 58% :: J-J ; 46% 57% 133 J-J 69 170 32% 69 24% 51% 126 v- J-J 24 6 102% 102% 130 130% A-0 91% 93 y8 125 78 76 78 171 F-A 86% 85% 87 89 A 1st & gen 6s series B J-J 43 40% 39% 40% 31% 43 39 37% 39 33 29% 40 11% 10 Va 12 128 6% 65 1966 J-J 11% 10% 11% 31 83 '/a 82 85 15 66% 63 V8 J-J 62% 57% J-J 59 54% 59 J-J 64% 59 65 1,112 59 65 705 45 65 59 64% 338 45% 64% 33% 38% 4,406 18% 38% 11% 6,667 4% 11% May 11989 J-J 64 Va F-A 38 y8 A-0 11% ; 1987 M-N .__i_1987 955 43% 63 Va 164 \ 40% 59 44% 65 M-N registered 1987 AStpd 4s n p Fed inc tax,. 1987 AGen 4%s stpd Fed inc tax, 1987 AGen 5s stpd Fed inc tax,™—1987 A4%s stamped 1987 M-N 4s__ 4s .,1936 6%s ' 10 . i 55% ■ —— 55 M-N 282 32% 54 Va 53% 53% 15 30% 53% 55% 323 33% 55% 55 2 32 55 54% 54: 54% 55 M-N 1987 registered AGeneral 55 89 33% 55 53% 54 Va 56% M-N ' M-N 56 56% 154 34 56% M-N M-N 55% 57 185 33% 57 J.M 56 56 1 35% 56 ' - 68% 67% 68% 156 56% 39% 68% ref J-D 41 40% 41 Va 273 23 Va 41 Va J-D 40% 40 40% 562 22% 40% 61 A 1st & J-D 40 Va 40 40% 391 23 40% AConv 4%s series A—, 9% 3,389 4 55 55% 4 49% 46% 50% 1,054 49% 47% 50 gold 5s May 1 2037 4VaS stpd May 1 2037 ref 4%s C —May 1 2037 f§AChicago 25% 59% 75 45%; 94 100 § a Secured AConv 101% 101% 23 100% 101% 14 102% 104% 103 103 1st mtge 102 103% 1st M-S 88% 99% 78 90% 92% J-J — —*—- 1934 .1955 .1960 Memphis Div 1st gold 4s_: 50 27% 31% 3,782 19 31% M-S 33 y4 29 34% 1,502 20% 34% —,1960 1951 1951 .—1951 M-N 9 y4 guaranteed 5s—Dec.l 1960 9% 8% J-D 88 *70 1,250 75 ' 70 M-S 65 70 70% 57% J-D 59% 32 V .. '. — 1940 equipment, trust ctfs ,1944 Coll trust gold 5s ; 1954 Collateral trust 4%s————1960 - — 67 108% 109 109 107% 1963 J-J J-J 102 102 102% 7 J-J 100% 100 100 Va 134 94% 100 Vb D___—i.L-1962 M-S 101% 101 Va 101% 126 97 101% —r_1943 A-O ; 109% 103% 100 80 Chic & West Indiana com 4s„—1952 .C . 1st & ref 4%s series J-J 84ai 84 y4 85% 115 73% 85% M-N 52% 50% 52 V4 307 39% 54% F-A 39% 34% 39% 229 237/8 39% M-N *109% 109% F-A *100% Childs Co deb 5s 108% 109% Cincinnati 24 104% 105 Va Cin 105% 105 % 1 104 Va 106 87% 12 83 % '• M-N 87 V4 J-D 86 1st — 104'/a 104% M-N M-N 102% 102% 103 y4 38 F-A 110% 11074 110% 2 99 90% 103 V* 110% 1957 Gas & Elec 3'/4s——1966 1967 109 Va J-D 1971 M-N mtge gtd 3%s series E__ 1969 41 59 47 38 59 43% 48% 37 28% 48% 109 Va 109% General 5s series B rp~ 'JU. 31 J-D 89 1993 J-D 86 89% 90 % 90 90- J-D j 110 Va j J; A-0 : ';' J-J A-O •. '.'d 70 y4 — 134 17% 21 437 35% 48 ' 11% 132 20% 76 11 20% 84% 84% 17 81 86 68 70% 51 58 A-0 A-0 J-J 109 91% 86 87 108% 109 89% 91% 113% 114 6 70% 77 87 12 71 9 108% 79 109% 46% 60% 46 58 V4 60 57 60% 1991 J-J 57% 57 58 22 80 76 80 61 St L Div 1st 1990 M-N 1970 J-J 1948 1950 M-N 1977 F-A 1981 coll tr gold 4s J-J 111% 114 108% 12 108 109 23 113% 115% 114% 114% 3 113% 115% A-0 F-A J-D F-A M-S J-J J-J 114% Cleveland & Series C Series D General 4y2s series A 108 s M-S 101% 101% 101% J-J J-D J-J 104 104 a-o 92 87 92 48 71 87% 87 88% 54 75% .,,1973 78% 78 80 % 40 64% 82% ,1977 A-0 71% 69% 71% 98 59% 75 .——.,1945 1970 J-D 103% 104 gtd—, gtd 4s_; J A Colo ft South 4%s series A, deposit— 86% JU-N 40 41 y4 40 Va Ar-~N_ 99 98% 100 5s_ 1980 40 —Apr 15 1952 1961 115% Columbus & H V 1st extl gold 4s__1948 A-O 110% 110% 111% 20 110% my4 Columbus & Sou 112% 112% 26 112 113% Columbus ft Tol Ohio El 3y4s——1970 1st extl 4s_——1955 M-S 112% 12 71 101% 102 95% 96 % «/4 82% 14 100% 102% 16 104 105 26 95 Va 27 91 102 96% Debenture 5s 313 25 V4 40% 92% iooy4 93 100 J-J 96% >_■ „ 8 96% 97% 590 *107% 110% 109 109% 29 Mackay Corp— deb w w_:—..——Apr 11969 90 % 87 1st mtge 3%s series I, debs 3y2s—— 88 110 108% 97% 110% 110 112% 112% *107%—. F-A May 54 90% 90 y4 15 110% 111% 108% 113% Commonwealth Edison Co— Conv 41% 34 99% A Commercial Income 87% 24% 119 qq a-o 113% 104 80 86% 41 a-o 113% 82 *103% 89% —- May 1952 Columbia G ft E deb 5s_ Debenture 92 ' *105 a-o Colo Fuel & Iron 5s inc mtge, of 105 ■ a-o f 4%s series C ACertificates 108 105 ' - 1972 gtd SVaS— f 5s series B 111% 01 *105 1961 1st gtd 4%s_, Term s 6 95% 81% 108% 108 . ' & ref 4'/is series B 7 "101 % 65 90 106% f-a 115 % ii5y4 81 . 11 - 105 107% 107% Pittsburgh RR— 3%s gtd 3V2S gtd 113% 113% 115% 89% 85% 91% 114% 115% 108 J-J 71 1 J-J Cleveland Elec Ilium 3sl_ 110% 112 21 17% 20% 20 A-0 46% 45 Va 46 j M-N 111% 292 1977 1st 4s 110 110% 109 109% Ref ft impt 4%s series E_ 110'/a 77% . 108% ' - 90 109 Va 110 ' 112% 1993 ., . *111% 112 __ - 771/2 68 F-A Cleve Cin Chic & St Louis Ry— General" gold 4s 115% 48% F-A mtge 3 %s— 1st gtd 3Vbs D Union Term 1st Af-N 117 ' 50 73 % A- O 1952 5s Debenture t A Choctaw Ok & Gulf cons 5s__ Coal River Ry 1st July 1969 gold 5s Oct 1969 Guaranteed gold 5s ;_1970 Guaranteed gold 4%s— 1955 Guaranteed gold 4%s ;1956 Guaranteed gold 4%s; 1951 Canadian Northern Ry deb 6%s—1946 Can Pac Ry 4% deb stk perpetual 62 ■ ■ ;_1963 1st gold 5s_ 72 49 :. 3%s series E 1st National gold 4%S—_ 1957 66 Va 62% Union Station— Cleve Union Guaranteed 75 53% : 22 :■ 88 V2 67 2 59 *44 11% 70 '• : 65 J-D 4 Va 3 88 J-D mtge 3 Vas series F Cleve Short Line 1962 50% 35 30% ACertificates of deposit, Gen 1966 33% A-O Chic T H & Southeastern 1st 5s_—1960 Income ■ 36 • v 1952 55% 1952 - : 1957 9% 46% 1934 ___ Chicago St L & New Orleans 5s_ Gold 3%s 97 80 3 F-A 1988 : 4y2s series A gold 4 %s 104 % 104 Va 98% 7% . 1927 _ JAChic R I & Pac Ry gen 4s_— ACertificates of deposit: §ARefunding gold 4s_, 131 99 % 5 stpd 5s 9% M-N 75 60 128% — 1st paid— part 105 % 101% Railways ,1—1949 . 105 at 1632. 13% 85 * Cin Wab ft M Div 5s 13% 6% J-J & 6 88% j: ' .1956 series F 103% deposit 75%, 45% 45% M-N 4%s 103% 88 tBurlington Cedar Rap & Nor— page 66 38% 31% 32 J-J tChicago ft North Western Ry— AGeneral gold 3%s_-.,, 104 % 102% due—— see 28 41 43 tChic Milw St Paul & Pac RR— Buffalo Rochester & Pgh Ry— footnotes 72% 43 l' 45 121% J-J 64 y4 4 *103 B—• ;1957 B__—.1——1981 Niag Elec 3%s series C—1967 For 71% 41% -42 J-J 12 F-A 1st lien & ref 5s series Coll trust 4%s— 118 42% J-J May 11989 104% 104% •102 California-Oregon Power 4s Canada Southern cons gtd 5s A 87 32 2 72 5/a J-J E 104'% 104% 104% ">A Buffalo Gen Elec 4%s Guaranteed 244 40 series 2 —1961 —,1960 A_„—July 1970 t A Boston ft NY Air L 1st 4s_ 1955 Bklyn Edison cons M 3 Vis,———1966 Bklyn Union El 1st gold 5s„_—1950 Bklyn Union Gus 1st cons gold 5s_1945 1st lien & ref 6s series A——1947 Debenture gold 5s ————1950 Canadian 40% 39% M-N 4%s 99% F-A — 78 73% 120% 120% J-J ..Ma; Chicago Ind & Sou 50-year 4s__ 99% J-J gold 4%s series JJ mtge 4s series RR— 5s 99% 94% 81 65 v & ref 102% 130 Va J-D 1st 4s 97% .1947 99% A-0 Alnc mtge 4y2s ser Consolidated , 100% 97% ... 65 .1966 *99% 1950 —1967 (interest 93% 96% •r- .1947 A-0 90 of "- A 1st 75 97 ACertificates '-.' 99 V4 ' J-D 97 § Alst & coll 5s— 97 y4 .. 100 Vb 100 Va 59% 40%' 44 *94% *88 Bush Terminal 98% 93 Va .1947 § A Secured 45% 82% 1944 — series II modified 92% M-S .2038 66% 72 A-O ——1956 1952 314s series F——,1959 3s series G———1960 3Vis series H——1965 1946) 48 F-A .1988 37% *45% A-0 to 29% 97% *98 .1982 47% 1,191 72% 69 69 J-J J-D M-N 37o 115% 15% .. 100% ' .1997 47% 56% 1955 Stamped 115% : Chicago Buffalo 121 2,205 .1971 53% 32% 59 55% 56 J-J debentures Beth Steel 3%s conv debs— 1st 1187/8 A 1st Telep of Pa 5s series B—.—,1948 C—— 1960 Indus Loan 2%s— 1950 Maine 1st 5s A C 106 " 29% v.. ir ' 96% • 97% < ^ — 125 ' 26% 28% r J-J *105% —»+. ■ ' 1st & ref 5s series „ 100% Chicago & Eastern 111 RR- ' —1951 —. 90 92% 77% : 46% F-A Beneficial 1st 105% 102 . .1977 ,■ stamped—— 1951 Battle Creek & Sturgis 1st gtd 3s,_1989 Beech Creek extl 1st gold 3%s—.,1951 5s 132 102 Va 13 83% ■ .1958 3 %s 4s M 130% 27 J-J AMtge gold 5s series A— 1975 AConv adjustment 5s Jan 12000 Bangor ft Aroostook RR— 1st 33 105'/a *120 .1949 37% 29% 4 i Boston & 131% 106 J-J .1949 43% 9 73% A-O .—1950 1959 Toledo Cin Div ref 4s A Big Sandy 1st mtge 4s 1st mtge 3 VaS 52 131 131% .1949 86 72 104% A-0 46% 70% 86% J-J 4s series A—-May 11989 gold 3%s series B__May 11989 AGen 4Vas series C May 11989 M-S 88 99% .1949 72 37% 104 95% 71% 55% 28 171 98% .1989 90% 63 102% 103 104 28 111 *81% .1946 104 Va 87% 143 43 36 36% (int at 3Vi% Blaw Knox 69 99 AGen 1st M mtge 85% 67 20 83 ' 68 % .1989 rr— Pgh L E & W Va System— Ref gold 4s extended to,—1951 mtge 241 . 83% ' 103% 5 . 84% 86 43 M-S ,1953 S'west Div Consol 108% 94% » 33 105 110 67 70% J-J (int at 1% to Sep 1 1946) due,— 2000 Ref & gen ser F (int at 1% to Sep 1 1946) due——————1996 AConv due ———Feb 1 1960 Consol 8 93 105 Ref & gen ser D Consol mtge 109% 109% 94 105 y8 112% 3 ■ ■ 102% 70% J-J mtge gold 4s— July 1948 Stamped modified bonds— 1st mtge gold (int at 4 % to Oct 1 1946) due July 1948 Ref & gen ser A (int at 1% to Dec 1 1946) due 1995 Ref & gen ser C (int at ll/t% to Dec 1 1946) due— —1995 2%s 35% 106 109 % — 90 J-D 1st Bell 16% *' 109% AGen ref 4s 72 F-A B Con 33% * M-N AGen to Jan 37% 32 33 y2 ' M-S AGen Ohio 16% 1996 ^Chicago Milwaukee ft St Paul— & 195 71 __ 112% 89 % 1959 Refining deb 3s Baltimore 40% 35% 84% J-J 34% .1996 109 lOo 103% 103% M-N 111 18% .1992 101 3 90 J-J 110% 14 211 . Chesapeake & Ohio Ry— 100 y2 95% 16 111% 112 VB : 36 81% M-S 5y2S A ii6y2 9 109 *101% 112 17% 20 19 50 37% M-N Prod 106% M-S Oct 1952 1948 1948 Atl Gulf & W I SS coll tr 5s, Atlantic 35% —I960 106% 4 100% 35 80% 36% 1987 Power 3%s 102 106% 108% 109% 17% 35 *111 1948 70 102 1U9% v 49 34% §ACen(ral RR ft Bank'g of Ga 5s„1942 63 106% 109 108% J-J 1st 4Vis A mortgage 4s 6% J-J ,—1987 . 103 y4 51% . 100% 100 Va i J-J Second 778 35 1987 103'/4 J-D coll gold 4s_ 17% 108% 107 Vb 7 100 J- J 1958 30-year 5s series B—-——1944 Coast 1st cons 4s July 1952 General unified 4Vis A— 1964 N 14% *48 F-A 131 113% 115% '••••:% J-D 1st & 41 6% A-0 106 M-N Atlantic L 23% 287 81 Guaranteed 106 106% J-J J-D Atlantic & Danville Ry 1st 4s 428 17% A-0 Through Short l 1st gtd 4s_—1954 11 66% *101% M-S A L 41 14 J-J 87 V* 64 63 65% " M-S 1st gold 5s———1946 Atl ft Charl 36% 17% 17 a-0 356 62% 63 Jan 1st & ref 4%s A.„„—1962 Cal-Ariz 87% 40% ' F-A 106 111% 113 Nov Trans-Con Short L 1st 4s_— Atl Knox ft Nor 53% 68% 1966 ,1962 104 108% 108% ———1955 1905 30% 31 1961 Central Pacific 1st ref gtd gold 4s_1949 22 108'/4 108% A-C gold 4s of 1910 20 85 " J-J Central N Y 105% 112% 1995 1995 ,——,1955 Stamped 4s_ Conv gold 4s of 1909 53% 82% ,1987 1st gtd 4s N J gen gold 5s registered— AGeneral 68 104 108% ,1995 — . . Adjustment gold 4s 51% 84 Va J-D Atchison Topeka & Santa Fe— General 4s, 53% A-0 105% 2 108% 57% 104% 108% 158 105% 106 105% r 48 98 1C7 78% ■•vcT" 102% 76y4 86% A-O (Del) ,1957 C - 106 y2 13 .1949 Ark & Memphis Ry Bdge & Terra 5s 1st 102% 104% 105% M-S 1967 1995 1964 1955 Ann Arbor Armour & Co 6 101 104% *53% 55 25 102 10 86 '' 53% 62 103% 103% A-0 A—1975 Anglo-Chilean Nitrate deb— 1st gold 4s— 68 V; — 108% 108 7/s , 86% ' Am Wat Wks & Elec 6s series *63 '•••••• • — J-D ,1956 1962 3s 60 y8 83 223 110 *104 Certain-teed ——,1966 Tobacco Co Amer 92% 76%, 108 7/s J-J ,1961 — debentures,.. conv 70 72 . M-S 1949 Corp conv 5Vis—1949 Telephone 6c Telegraph Co.— 3%s 193 V ' M-S Internat American ■•• . F-A 79 108% 97 90% 75% •'" ' M-N High 62 1 104 Va AMobile Div 1st gold 5s„ 50 Low 11 , »—( o CO 104 99% 82 ya 79 No. 101% 101% 94% 81 77% t—i o CO Range Since January 1 Sold 104% AChatt Div pur money 82% Bonds High * 1981 Central Illinois Light 3yas 1950 modified—. 5s Friday's 101% 63 93'/a 92% 78% M-S 1950 ARef & gen 5s series C— -- •. J-J 3yas debs,——,, 1962 J-J 4y8s w w ; 1947 J-D A Cent Branch U P 1st gold 4s—1948 J-D ^Central of Georgia Ry—v » A 1st mtge 5s_. ; Nov 1945 F-A §AConsol gold 5s —1945 M-N ARef ft gen 5yas series B—1959 A-0 66 V* 910 *97 or Celanese Corp ^4 99% Week's Range Last Sale Price Bid & Asked Celotex Corp deb 62 ,, 88 102% modified— 102% 5s w W— Cart & Adir 1st gtd gold 4s 109 y2 99% 102% A-0 ————1944 5s 102 —1965 Carriers & Gen Corp .> 108 ■' '• 105 A 101% ■''' 109 Period 1949 Ohio 4s„ 62 109 assented,—.,1948 6s 102% 102 _ J-J 3Vis, 1972 Albany Perfor Wrap Pap 6s,,__^.<_1948 mtge io4y8 103 y4 : :: . 65 ye 102 1 J-D cons 71'/a 102 ■ 102% 102% 1st A 48 y8 65% *103% ' '• ■ , J-D 10-year deb 4%s stamped—1946 Ala 70 Va J-D , ' Interest' ■' Low Carolina-Clinch & A unstamped Friday New York; Stock .Exchange Week Ended April 30 V tSACarolina Central 1st gtd 4s, J Abitibi Power & Paper— AStamped ? High Railroad and Industrial Companies series < ■ January 1 * $ A 5s 1629 1968 J-D niy4 111 111V2 12 1958 J-J 112% 112% 1127/a 51 & FINANCIAL CHRONICLE THE COMMERCIAL 1630 NEW YORK BOND BONDS New York Week Stock Ended April Last Interest or Low Conn gtd 4%S__ Conn River Power Consolidated Edison of New 3 %s ' J-J *105 Vi 106 % 105.% 108 % 109 111 ::> debentures Consolidated Oil JAConsol Ry ! , 4s f s 1st 1st mtge 3 Vis i 1st mtge 3 Vis .... A A A 6s J-J J-D 108 106% 109 St. 3-J 104% 104 Vi 47 Vi 48 Vi 72 47. 47 Louisville 31% ; 33 . Union Ry 101 101 2 101 109 M-N 110 Vi M-N & Hudson Delaware Power & Light 32 25 47 92 101 54'A 56'% 385 47% 52 Vi 89 -.,43% 108 V4 109% 95'% 21 107% 108%' M-N *109 Va 109% 108 Va 110 101 101% & Iowa Inland 101 25 ■Cf-2 A: 93 38*4 17 27 15 38 42 Va 12 48% 1 40 40 Va 10 ' 52 *39% ■ 98*4 •g'; 42 106% 68 Vi Aug 1955 plan) to 1st gtd 4Vis —1965 series F 4s Iron 1st lien gold 4s Detroit & Mackinac gold 4s— Tunnel 4%S- deb 2 Vis—-—_ 1995 1995 1961 1950 732 A ^ •)'!?:» 73% 59 55% 102% 38 Vi 42% 14 Vi 16% 5s J-J 40 V4 36 40% gold 5s series C -1956 J-J 40 Vi 36 Hydro Fl.deb 6s_'...___ -1944 Paper 5s series A & B___1947 J-J 98% Ref sink fund 6s series A— Int Rys Cent ' 1st lien Amer 1st 5s B 1965 M 3Vis 1st —1972 ref ,6Vis & Int Telep A-O 5s 56% Frankl James 71 9 103 % Jone& & 108% 101Vi 4 103% 413 21% 22 Vi 42 Vi 7% 8 Vi 84 3% & Clear 8% 7% 8 Va 593 3% !*W{. .yy 30% 33 13% 14% *92 Va 18% 449 18 52'% 65 11 103 104% 17 r 104 % 107% 98 38 % 10 % 54 V 92 : 4 98 10 95% 100% 78 Vi 80% 225 V 63 Vi 80% F-A 83% 82% 84% 205 4% 3% 4'% 23 A 19 V J-D 1961 61 59 Va 61% 94 Vi 95 92% 92% 92% 79% 79 80% 79 J-J 66% 1% ... 84% 6 ; . 78% 80 94 %; 46«i 61 Vi 19 94 96% 5 86 921 i 61% 82% 61 81 112 112Vi 22 111% 110% 106% 32% 96 % 107 Vi 107% 31% 85% 102 Vi 33 17 110 Vi 23 26 72% :• 245 33 77 127 . 62 Vi 69*i 105% 110% 111 Vi J-J *50 113% 65 J-J *88 % 92% J-3 *93 % 1961 3-J *82 unguaranteed-. 1997 " 1961 / M-S M-S 102 92 Vi 93 Va 86 6 1. °3 170% ■ 23 '' 106% 108 • 105% 108% ' 100% 102 Vi 8 3Vi 170% 105 107 101% 102 -- 61 85 vAZi&A- *108% 106 Vi 106 lOGVi M-S 1950 1959 notes tAKreuger & Toll 5s ctfs b 93% 170% 170% ——- J-J 78 V 46 106% 10634 170% J-J 1954 — Kresge Foundation 3% A-O 1954 5s 73% 64 51 *113% 1961 Koppers Co 1st mtge 3%s__ 33 ■I 107% 107% 107% 3-J 73 'i 76 73 % 77 J-3 1961 Kings County El L & P 6s 111 109% .1987 ... 1 Kings Co Lighting 1st 1st'& ref-6%s--— 108% 106% ' i 4Vis 103% 20 :-V ■ — J-J r 1960 1st 4s-.__ — A-O Api 1950 5s__ Term Plain 96% 5 — 1st 3s„ .1950 Southern Ry impt City A-O deposit Stamped 33 12 , & ref gold A-O 4s .1936 Kentucky & Ind Term 4'/is_-—....1961 51 26 75 32% 96 102% 102% 'C110 112%.. 40 of gold 4s_ -1990 Kentucky Central gold 4s___ 111% 104% 50 *45 95 33 105% 106 S & M- Ry Kansas City Kansas 1st gtd &-Mich A Certificates 15%; 89 — K %-v ?§AK C Ft 33 6% *110% 111 % Vi 40% ' 10 33 23 Vi 100 % 100 Vi M-S 1st ,4s—__ -1959 Laughlin Steel 3%s Kanawha 11 110 405 79 :V<; 42% 194 i-' 40% 107 98 F-A 1955 108 Vi 42% 42 Vi 32% 23% , 107 40 106 268 40% 51 Vi 6'/a 107 39% 32 vs 42% 24% 772 : J-J 1952 ; 104 2 103% 103% 107 M-N —1947 & Teleg deb gold 4 Vis 102% 106 52% M-S 1955 5 105% 102 Vi ':; 4 849 108 V 104% i; 9 *101% 102 Vi J-J 38% 108 Va 101% 104% 105 A 1st ; 42 38 8% A-O J-3 J-3 tSADul Sou Shore & Atl gold 5s—1937 -1947 6s' series A___July 1952 series B_ [ ... 1956 95 Vi 24% % 102 V4 Internat 7 102 Vi 103 Vi 104 Vi J-D J-D M-N M-S Ry 3Vis—1962 Iron Range Duquesne Light ■ 82 6. ; 15*8 Internat Vi' 41% M-S 3-D 3s series H deb 4s_ conv 4'-4 42% 42 Vi 42 Vi A-O /;• 1970 mtge 3 Vis series G—1966 & V1'.- ' 62% 35 • A-O 40 103 % 103% J-J 5s (subject 70 Vs 34% *108 Va ■ AAdjustment 48% 102 r 92'a A-O v , 27 v-4 105Vi 95% A-O ,*101% 69 % M-N 1969 J-J A-O . 96 V2 14 106% 106 Vi 3-J J-J 3-J 1956 tAlowa Cept Ry 1st & ref 4s—1951 J-J 3-D 1943 ref Miss V v;- A 1st 26% 29 1950 gtd 4s J. A Inter-Great Nor 1st 6s series A_1952 :- 42 ' 1st 1st mtge 3s series F—1961 36 -■J.. 98% 98 gold 4s__ Ry 3'/is series B Steel 30 -; 1st & Louisville Union M-S 51 *48 •" ret Dul A 1.^1986 39 51 48 Va A-O & & series Interlake 96% 41 Va •• J-D & Tenn 1 75 St L & N O— Inspiration, Cons, Copper 4s__——^1952 44 ' 32Vi ; 50% : 1955 13 96 Va 44 • 38 — 1946 101% 96 '•44': . J-D Gen Chemical 1st gold 4s_—: ref 5s 1st Ind 111 24 1946 to— 16 107% 107% J-J Gen ASecond ' 51 t AInd 1952 gen Plains Val Detroit 64 48% , 55% Ref Dow 1 - 52 Vi Ind J-3 M-S Edison 62 3-J 583b J-D 110% .1935 1947 , 61 -1951 1951 73% 47% J-D 111%'. —1978 Detroit 5 53% 1963 Joint 109:% impt 5s series B__. fADes 57 and' Chic 111 Cent 110% JADes M & Ft Dodge 4s ctfs ARef & 57 70 58 42 - *73% 2 38 to 109 110 Vi¬ 110 Va J-D 4 Vis Assented 7 *82V4 16 J-J J-3 F-A F-A A-O A 5 52'% F-A M-N t§ADen & R G 1st cons gold 4s„_1936 SAConsol gold 4Vis— —-1936 f ADenv & R G W 73 'i 51% J-3 111% 1st 4%s—1971 1969 4Vis mortgage 72% 52% 89 63% - • 1951 lli 3-D 1st & ref 4s Delaware 1st 73 Vi F-A - M-N mtge 3s__ 1970 3%s series B—1965 P & L 1st ref 3-J " ' '' 54% 85 . &'Term gold 3%s_1953 Div Debentures & 67 42 Vi 5 U''« : Western Lines 48V4 D 1st 364 1 J-3 Djv 1st gold 3s——1951 Louis Div & Term gold 3s—1951 ' J-J 1955 Publishing Co 3s deb Dayton High 56 Vi 81 '■ 1951 ; Gold 3Vis Springfield Div ist gold 3%s 47 Va ' receipts..— Dayton 3s 1st gold Div ' 104% 103% 13 45 J-J ;_1942 ... extended B 18 46% 48 % — receipts extended Deposit Curtis Omaha receipts.—: series A 108 1950 series A Deposit 106% 105% A-O f debs s receipts 1st 5s gold Deposit A7 Vis 105 Va Vi Vi 1st & ref 4Vis series C__——1963 8 A Cuba Northern Ry 1st 5 Vis RR 73 10 Litchfield : debs_._ f Crucible Steel 3%s ACuba *70% 105% 105% J-J January 1 v Low 89 A-O J-J •" No. 52 88 Vi A-O 1965 ——-—1967 1970 -.-1966 1969 mtge 3Vis Deposit 51 89 104 Vi 1960 *'>* V mtge 3 Vis— A 51 102% 1956 5s mtge 3 Vis—_ 1st 2 Vis s F-A 3-D 11 7 Range Since Sold Co— Power 1st Co -1966 - Cairo Bridge gold 4s__ 31 1955 . -i' Crane 64 105% 105% 1954 4s J* - Coal 63% 102% 103 % 3 Vis—_1951 deb 4s____ Consumers 64 Vi A-O 108% Bonds High "——1950 4%s. 40-year , 105% Friday's M-N 1958 . deb conv non-conv Consolidation _1955 — 1950 . A Debenture 109% 109% : Refunding 5s York— . A Debenture : — , or Bid & Asked Illinois Central RR—(Continued) 108 V: Sale Price Low 108 F-A Week's Range Last Period April 30 High "112 ___1961 Ended Week . 1948 debentures 3%s L010 Friday Interest New York,Stock Exchange , ; J-J 1946 debentures 3 %s No. High , , debentures 3 Vis January 1 __1951 ... f 3%s A s Range Since Sold 1951 Ry & L 1st & ref 4%s..w Stamped BONDS Bonds Friday's Sale Price Bid & Asked Period 30 RECORD Week's Range Friday Exchange Monday, May 3; 1943 ■ 1% 3 98 Vi ■ 101 E East Tenn Ed El 111 & Ga Va 1st (NY) A-O 1956 M-N 1995 3-J *151Vi 1950 J-D 1970 M-S 1965 1965 A-O 1st 4s Div cons 2Vis debs Elec Auto-Lite Elgin Joliet & East Ry 3Vis El W & S Paso 5s Railroad 1st stamped Erie *107% 1948 1st 5s gold 5s Ry Minn Nor Div East 5s ...— — 108 108 107 — 108Vi 108 108% Laclede 149 Vi -Coll & ref 5Vis *100% 101 100% 101 Va Coll & ref 5 Vis series *104% 81 103 148 102Vi 104 : — __ 78Vi 81 44 64 79 A-O 79 1 65 81 : ; 1st N RR extl & Erie Y Div 1st • 2015 96% 95 Vi 9 114 92% 97% 59 Vi 57% 6 280 55 61% —1947 *107 M-N 1971 1st 4s M-S 3Vis mtge J-3 J-3 1995 inc 4 Vis series A AGen mtge Ohio . M 4s series B cons 106 Vi *100% — 99 extended 5s Lake Sh 79 3 ; . Vis series at 3% 1945 106% 131 85% 93 92'/a 105 85 93 , ; v . 1947 3'/aS—,—1997 ———1997 J-J & Tire Rub 3s 1961 deb M-N 101% 102 101% J-J fund 4 Vis series C—-1954 A 1st ref & of (Proof of 5A2-4s Certificates A Food j" 51 99 Cons sink J-J 8V/z '• Francisco Steel Gen of Elec Gas & Castings tAGeorgia iSAGa F) (B i 102 1st Gulf mtge Gull 1st & Island ref & Term Gulf States Steel ; 4 V-4 4% 102% 90 100 101 9*4 30 6 99% 107% 47 92 Va 102 84 83 Vi 97 394 83-V4 96% 96% <102 94%. 97 J-u 96% 94% -'. -- 3-J v- 96% 103% 103 Vi J-J ■ 103% 103 Vi 102*4 J-J 103 , 102V4 102% 89 104 86Vi Feb 170 110% 7 103 99 65 9 -i.'v'. 14 91% A-O 98 Vi 97 98% 73 87 % 98% J-7 82 Vi 81 82 Vi 19 69% 82% 2015 3-J 61 60 G1 Vi 87 54 64 ■' 13% 28 100 M 5s stpd_. 1952 f 4%s__ s Gulf States Util 3Vi» v J-J *92% ' 103 103 103 Vi 1969 «eries D Gas Lou M-N 111 110* 111 12 3 * \ . Hoe (R) Co 1st ISAHousatonic Houston Oil Hudson Coal Hudson Co Hudson & AAdj 1st gold 5s series A cons debs A-O *100 101% 1937 M-N 86% 88 102Vi 104 110 111 f 1st 1954 5s M-N 1962 J-D 1949 M-N 1957 F-A 58 57 58% A-O 26*4 26% 27 gold 5s Manhattan 1st 5s 5s A 105 Va 57% 104% 105 % 55 58 127 98% 53 Feb 1957 s Gas income 1944 mtge Ry 4 Vis 132 % Vi 80 6 103 669 *117% 119 Illinois Bell Central 1st . Telep 2%s series 40% 117% 129'/a 101 Collateral For lines trust J-J j-j 102 Vi 102 footnotes '4s series A— 1951 5s series A—1969 1st 1951 . j.j 96%, 1951 A-O ref 4 %s & ref 4s 4 73 i a 67Vi 74 Vi 71 70% 73 66 Vi 71 60 61% 44 66 70 Vi 72 106 52'% 72 % 437 4 79 39 Vi 40 Vi 29% 42% 37% 38% 14 28'/a 40 42% 43% 334 32*8 45 43% 31 *i 41% 48% 48 72 72 49 V'B 73 Vi A-O '.yb '1 • ; 51 50 35% 7 ■ . J-3 117*8 117*2 106% 107 A-O 55 '/a '. 11 .-..v;:- , i 115 73% 8 105% 117-% 107% 108% 108% F-A 22 108'b 109% 121% 121% 121 Va 8 121 Vi 122 % M-N *106Va A-O *104 M-S *100% M-S 101% M-S 101 % ^ 106 104 101V4 101% 104% 101 '/4 101 Vi 101% 98% 25 101 98% 48 108 106 99% „ F-A 101 % 7 108 5 120% 82 78% 94% 109% 110% 104 A-O 104 Va 108 VB •120*4 121 91 91% J-J 92 *110 % : ;2003 A-O 105% —2003 A-O 101 ——2003 A-O 94% 94% 95 A-O 90% 89% 90% series B—— series C series D ref'3%s series E„'. —2003 Unif mtge 3 Vis series A ext—1950 J-J Unif mtge 4s series B ext— -I960 *104% 105% 110 122 103% 16 100Vi 101 J-J Mem Div 4s 1946 , 34 % 68 16 88 Va gold 4%s South Ry joint monon 4s_„ Atl Montg 1st & & Knox Cine Div 135 *103 Vs M-S J-J 10 10£ 104 6 JOJ M-S -1952 103\\ IO8V2 — 104% 104r's _1945 85 25 103 Va 104 103% F-A —1980 Louis Div 2d gold 3s_. 86" 86% 97 96 Va 2 86'/a M-N 1945 J-D 91 89Va 3-D 57% 57% 59 M-N 63% 63*8 65 (4 94 — 97% 110 91 1960 *110*8 78% 64 97 1955 4s 61'4 11014 M 224 19% 29 Maine Central 'Gen RR ,4s series A mtge 4%s series A Manati Sugar 4s sink fund—Feb 1 1957 AManila Elec RR & l.t s f 5s——1953 RR (South Lincst 4s—1959< 102% 35 101% 103 97% 100 western %_ 961 ~5 60 Vi 92% 97 96 96 60% 60 60% 1st gtd 3 %s_——1941 Steam Shovel s f 6s 1947 M-S *34 M-N *21l4 56 84% 32 47'/2 237 49 VB 65' 45% 45'/ w §AMarket St Ry'7s series A—Apr 1940 (Stamped mod) ext 5s 4s 91 59 69 107% 47 59% Metrop Ed 1st 4Vis series D___—1960 22 43% 56 Vi Merop M-N 58 57 Vi 58% 94 46% 61 1632. Robbins 3%S: &• Drain t§AMet W Side El '(Chic) 5%s_—1950 4s —1938 *105% A-O F-A 107 Vi __ 8% 103 100 2 100% * 93 __ 107% 112% 113 *90 63% 100'/% 4 ^ • 39 53 '' '• 112% McKesson 316 63% 103 Vi 100% 100% 92 M-S 65 57 % 55 ' Q-A J-J 54 56 54% Sew v 1956 60 % 56*4 & ——. A-O 54% Wat *100 ' • 1955 McCrory Stores deb 3% A-O 1953 / Q-A J-J 51% A-O —1945 M-N 59% 62% J-J A-O 1952 yy 75 89% .•93 71% 43*i A-O 58% 118 46% *93 Vi M-S _1952 page 71 Vi 86 Nashville RR— ref "5s & 1955 3 Vis see 89 5 •A-t.yy.Vi 40% M-N 105 Va 72 *100 1951 gold 4s_ cold 3 •: M-S & Marion Refunding 4s__ Purchased 1981 1951 gold 3s sterling trust 90% 75 100 t§AManitowoc Green Bay & North¬ A gold 4s— Collateral 91% ..y?: 88 RR— 1st gold 3Vis—.1— Extended 1st gold 3%s___; 1st 87 *43% 1945 1st AManila Illinois i'A M-S & 1st Mob *129 : 37% M-N .--1966 Louisville & St J-J 91 ' H 1999 M-N Elec 3%s— Paducah & Hocking Valley Ry 1st 4%S— !; 1. '.*•■ 90 70% Bridge Co gtd 4s Jeff & 1st & A-O Ark 1st 4. 1961 gen & 100 RR— V 1st 50-yr 5s East Louisville 14% 13 Vb A-O 100 gtd 5s Y 4%s ext—1950 debenture-— 5s 69% 1975 B 72 Louisiana 1950 . 61% J-J N — 89 Feb 4s series F-A Harbor Term 1962 :—1950 Long Island unified 4s '— 1949 Guaranteed ref gold 4s——1949 4s stamped .-1949 Lorillard (P) Co deb 7s 1944 103Vi 75 Va f 71 1974 —1954 stamped Long Dock Co 3%s ext to— 103 U 121 68% 12% ', 5s Lehigh .Valley Little Miami 104 Vi 244 ■ 89 *57Vi 99 Vs 2 *67 •v\wC; . 102% 97% 91% *68 —1964 — gtd——1965 Libbv McNeil & Llbby 4s -.^.1955 Liggett & Myers Tobacco 7s_—-—1944 5s debenture—— —-1951 97 101 J-J 86% 94% *88 Vi < F-A Leh Val Lex & 110 52 J-J 89 75 101% ' 101 97 109 18 109 Vi 110% 110% 78 2 85 Vi 100 ref sink fund 5s__———1974 Lehigh Valley RR— 4s stamped modified— 2003 4s registered.,—— ——2003 4Vis stamped modified.' 2003 4Vis registered——. —2003 5s stamped modified.—: —2003 Leh Val Term Ry ext 5s———1951 100 109 Vi 109% stamped 5s ; 1 45 Vi 105 »/2 47 88 99% 95% 91% F-A 1st & i ■i. 34% *97V8 ■ J-J — 19 27 63 *94 F-A 1st' & ref sink fund 5s——1964 .? • '90 98 — 52 C stamped————1944 lst'& ref,sink fund 5s_—_— 1954 5s 'stamped— —1954 9Vi ir--xC 102 Va 52 100 Vi 101 ' 80 Va 2 ■ ' 32%: 33 ; 34% 106% 107 J-J ■ 33 ; 85 60% : 5s |)- 92 Vi 37*8 1950 mtge inc 5s series A Ship J-D 1967 5Vis B Ohio 19 *50 106 Va M-S B 1st 166 9% 85 Va J-J 1946 5s series C Mobile & AGen ctfs 88 Vi J-D —— Nor 9% 80 Lehigh Valley Coal Co— : J-D 1946 Bay & West deb ctfs A^ & 8V2 1977 3%s series I 20 *102V2 1976 mtge 7 9 ■ 1952 intge 4s series H Mob 1949 1961 bonds ADebentures M-N 1947 series G 76 Va 19% 83 Vi 12 85% M-S r 1973 Gen Gulf Vi 'iV.vj. 1946 A 10 698 85, '--1 ; 9 Vi 1934 4 Vis series Gen AGreen > 33 Va General 5s series C Called M-N 3-D .1956 series " 32 Vi 99 % 1st gtd 5s mtge 4s 9 34 General 4 Vis series E„ General -'- 99'/2 General 5VaS series B General 30% J-J 4%s 83 37*i! J-J 1st ext 6s 4Vis Northern 91 Vi 1949 Hosiery deb 5s w w Grays Point Term Great 91 Va Oct 1 1945 5s„ 1st f- 1956 1956 5 Vis— Ry & Nor Caro Goodrich Gotham Ala & \ .' deposit Berg Co cons 5s • . V. 1982 Sugar coll trust 6s.. v 61 85 87 4''-' A-O ' • Machinery Corp 3s debs.._ i-Ui''• " 30 4.4' .S • 37 %'•; ''' claim) of •i'.' *85 .Vm . M-S deposit Johns & Glover RR— tFonda J-D —1974 5s series A— A Certificates 1959 1st 4Vis„_ tFlonda East Coast Vi 18 91 60% ; Dec _1975 f 4 Vis A_^1954 101 b 83 % 101 89 7 J-D ' 100% ' J-J b: 101 J-D Lehigh & N Y 1st gtd gold 4s_——1945 Firestone 2 92% 90*4 to Coal & Nav s Lehigh ■'%> 91 income reg__ mtge . 92% Lehigh & New Eng RR 4s A—1965 JAFla Central & Peninsular 5s_ —1943 - 92% Lautaro Nitrate Co Ltd— A 1st 100 Vi 101 ■ F-A F-A -I960 & Mich Sou gold registered—2. A-O C—1953 D.. RR— Western Lake, Erie & " Co— Light extd 5s— Gas _ 89% 98 % 105% 105 '/a 5 106 Vi 108% 14 111% 113 V-4 b 96 9 - - 10 84 10 6 Vi 90% 9% THE COMMERCIAL & FINANCIAL CHRONICLE Number 4173 Volume 157 Week Interest Exchange Stn^k Ended Last i . or Bonds Range Since New York Sold Friday's January 1 Week Bid & Asked Sale Price Period April 3(1 BONDS Week's Range Friday BONDS f New York Low Low No. High 1st gold 1952 3'As Ref & impt 4%s series C Michigan Consol Gas 4s — 1979 . .—1963 1940 {gAMidland of N J 1st ext 5s ifAMilw & Northern 1st ext 4'As~J939 {AMinn & St Louis 5s ctfs-,—__1934 Alst ref & ARef & _-___-1949 gold 4s„_ ext §Alst J-J J-J J-J ref 5'As series B_——AA- 1978 Alst & 266 38 56% 49 % 106 9 61 6 % 92 2% 2'/2 Norfolk 1st 28 69 16'4 180 15% 45 434 9% 4'4 4% 12 1% 7% *99 64% 8 72 72 'I vV'A—; • 57 58% 427 40% 59 48% 49 3 87 33'A 52'4 51 VA 52% 90 35% 53% 34% 33 35 19 37% —1954 J-J A-O Alst mtge 4 Alst ref 5s & 295 Alst ref & deposit of series ref 5s Alst & 11 54'4 1.485 35% 16 35% gold 5s (stamped 54 Va 53% 310 54'% 35% 53% 5% 4Vis——~————I960 15 36% 35% 11 Prod 3'4s sinking fund 1st Steel National 58 Va 18 104 V4 1 N 84% 86'4 72% 80'4 81 Va 82 13 69 82 50 50% 127 42 51 Q-A 48% 48'A 2 40'a J-J (i() 57% 60 132 50% 60 34 J-J 76 73% 76 753 66'A 76 & impt 5s series C——2047 J-J 65% 62 Va 65% 85 55'4 66'4 & impt 5s series D_. J-J 65Va 62 % 65 % 72 55% 66% 109% 109% 9 109% 110% 111% 112'4 registered—— States Power of ACertificates Alst 5s Alst 5s ACertificates Alst A 4Vis series Certificates Alst of 111'4 112'A 23 48 1946 112% of 1945 93% J-J 51 1946, J-J 36 79% 68 7A Coast Gas & El 1st 105% 107 28 103'/» 105% 9 95 117 117'A 46 70 80'A 69 70 VA -. 117 v F-A A-0 J-J 2 123'A 123% . ; >• •• J-J 85'A 5 90 3 83% 106% 108 106% 107'A 85 % A. — *107'A '■>' • 90 88% 90 102 80'4 55% 53 56 41 52 55 44% 66% 64% 67% "■ 49 % 64 ' • 55 133 > 50 M 67 "50 68 15 ■49% 66 64 64% 30 49 VA 66 V'-'V-; 61% 61'4 3 •14% 61'4 v—y 70 90 52% 64% 47'A 51% 99% 52% M-N 80% 75% 81% 546 67'4 81 lA J-J 85% 84 86% 175 74'4 86 3i, J-J 79% 78'A 791/2/ 11 69% , % 35 69% 67 69% 53 69'A 63% 63% 63% 6 50% 61 V'4 60 10d 48% 66 61 58% 61 12 47% 61 . 88% /A 88% 76% A-O •y 75% yy, • •*' *■; • 102% A-0 ••"v 72% 72'% 93 94 108% A-O 64'4 Light 3Vis—_—.1969 ; W: ' 67 75% 21 *116'A 118 1C0% 18 91 57'A 117 Va -v.. 104 *105 ' -.v 103% „ 104% 91 117% 109 108 108 108% 103% 108 Va 106 104 106% 109 103% 104 103% 106% 101 105% 106 106'4 J-J i ' - F-A F-A i —1974 —: 1948 • 44 105'A 102% 106'A 102 2 109 73 106'4 108% 23 98 Va 104 Va ^lf-N ! ; : 100 Si 109'4 110 . " . A- _ ' " 23 109% 109% - - 121 >4 122% 36 119% 122'a 106% 107'/a 102 101% 107% 122% J-D 106% B—1968 J-D 112% 112 Vb 112% sinking fund 4Vis 1960 ; 110% 110 88% 95% A„_____1965 C_„1970 100% 108'A 108 5 62 95% 95% A-O F-A 3%s series mtge 100 Ve M-N M-N dollar_i—May 1 1948 gold 4s____.^. General 4%s 5s series scries Gen mtge Conv deb 96 t 101 50 w-., 7 86 77 Va 101 , 94 Peoria 108 35 113% 56 108 109 V4 109 HO M-N 13 " *100 y - •• — 111 112% J 100 100; 62 76 75% -r -V ' 70% 70'4 J-J 117'A 4 : 8 ■:'/—' ,j. 55% 60 101'% 77 101 Phila M-S 49 46% 49% 34 49 M-S 46 45 46% 88 31% 46'A A-0 46 'A 44'4 46'A 100 31% 46'A 1955 J-J 49% 46'A .49% 276 33 49 % 1956 M-N 49% 47 49'A 198 32% 49'A -1956 J-J 46 % 44'4 46% 340 31% 46% -1948 J-J 59% 55% 59% 551 37'4 59% ...1940 A-O 77% 68'% 77'4 376 4914 77 V-4 ,-1957 M-N 17% 15 'A 17% 291 8% 17'A -1967 J-D 52% 50'4 53 % 702 36'4 53'4 J A Harlem River & Port Chester— -1955 gtd 4s—1993 Y Queens El Lt & Pow 3Vis—1965 Y Rvs prior lien 6s stamp—1958 cons 1963 M-N 97V4 9614 M-S 10 Vi 91b J-D A-0 5 5414 4 Vi 52% 11 53 90 Vi 157 Bait 5 60 54% 56 108 Vs 1st series gold 4V2S General 4'/2s series series C D ^-1977 55 95% 103'A 97% 89 3i, 155 90% 111 52 57 61 12% 12% 31 44'A 97% 112'A 58'4 5% 97 85 13 V« 106 3s 106% 723.} 85 76 VA 77 36. 73 93 57% 73% 34 104% 106% 14 101& 102'4 105'A 105% 101:4 1014 101 a'a 64% 77 118% 121 5 111 115 108% *121 F-A 114'4 114 Va J-J J-D 110'4 110 V'4 110'4 1 1961 J-J 102 Vs 101% 102% 49 1967 M-S —1981 96'A 72% 73 105'A M-N ' 103'A 8334 J-D —1974 B— Phila Electric & 2 41 V4 1st & ref 3%s— 111 M-S 14 AConv deb 6$ --1949 ——_— debentures — — Pittsburgh Cine .Chi & St Louis— Beries D 4s guaranteed— -1945 Series E 3'/is gtd gold— u_1949 Seriis F 4s guaranteed gold—1953 f Series G 4s guaranteed —1957 Series H cons guaranteed 4s ,.1960 cons 4%s_—i—-—.—1963 guaranteed 4%s—1964 5s series A— 1970 Gen mtge 5s series B i .—1975 Gen 4%s series C ——4—1977 Series J cons Gen mtge Pitts Coke & Iron conv 4%s A——1952 Steel 1st mtge 4'As—— 1950 6% 57 110 111% 105% 106 108% I 1st mtge Pitts Va & 4V2S series B —1950 1st 4s gtd ;_1943 Pitts & W Va 1st 4'/as series A—1958 1st mtge Cliar 4'As series B—.— 1st mtge 4'As series C 1959 —1960 110% 112 102% 103 31% 124 20'4 14 138 b% 32 %. 14 104 5 105 'A 104'/4 *104'4 104'A 104% 104 % 104% 104'A 4% 5% J-J —1-1963 108% 108% 110'4 337 104% 11014 y.— 105% 105% 108'A 19 105'A 108 Va 105 105% M-S 1st — , /: M-N 5% — ! 108 ■: 110 111 111 "2 1 111% 111% ■' 111% 112% 114 119% 121 121 % 121% 10 119% 121% 110% 111 59 105% 110% Ill's 23 105 111 '/a 104% 105'A 49 100 105%, *121'4 Ill .. .. 100 100 — ■ 99% 99 3 4 100% 98% 100% 98'A 99% ' 4 . 61 A-0 60'A 60 60 , 95 ^ - , 99% 60 _ , *101 >4 61 __ 111 11 100 *99% 100% M-N J-D A-0 6% ■ A- *112 J-D J-D _A " • ■ ■ J-J M-S • —: *.. *111% F-A M-N J-D A-0 5% *105 M-N F-A J-D M-N F-A 3 V4 1 5% *3'4 J-J of Petrol Series I y ^-1962 s 1 4s——1937 deposit—— l%s debs.u—1951 ACertificates bonds — 'T- 17 29% 31V4 / : 38 13 J-J Philip Morris Ltd deb 3s 102% Ill's 111% J-D mtge 90 102% 102% 2%s——_—1971 {Philadelphia & Reading Coal— Aref 5s stamped—-^——,.1973 Pitts 110% 106% ref coll tr 4V4S^ 12% 108 Vi 108 Vi 108% & Wash 5s a 56 '76% M-S 96' *106% ' ,84 J-J 1956 -—1980. deb -1952 gold 4s_—_1943 90 97 12% m-!—"' A J-J ' *106 J- J F-A 147 95 V 111% 112 57 Apr 98 6% .*110 M-N J-J , 1 9714 A-O series B_i— General Called 1954 —1954 —I960 -—Apr 1990 gold 4V2S series C {§APhilippine Ry -ft 1947 7 : 4 Ry 5 Vis—1974; 4s 3s ' {AN Y Out & West ref gold 4s_—1992 ext Union 1st 71 {N Y New Haven & Hartford RR151 111% Marquette 1st series A 5s——1956 Phillips 3Vis—— 97'4 M-S Phelps Dodge conv 3Vas 1st 116 116 111% 111% F-A M-N 4s 4s—— Pekin A-O . a 93% "A J-J —1947 ——1952 Eastern & A Income 95 VB 102% ______1984 Peoples Gas L & C ref 5s—— Philadelphia Cd V/;' 2 116 J-D 3lAs A-0 A-O 73 v' 109% 109 4V4s. series E_ General 102% 65 ■.-■ 89'A : 102% 103% 102% 103 —1970 —1981 gold 4 Vis—-4- General 4'4s series D_ Pere 108% 108% 109 1943 88% — A-O 1981 A— sterl stpd Peoria & 101% 99% 36 73 94 77% 100 6 27 102'4 102'A F-A . 7/ 393 76% 100% 100 '4 A-0 1973 1632; -1952 —4—; 1st 59 89 101% 101 % A-0 M-N page ' 10438 1041s 90 J-D ctfs D_—1944 ctfs trust debentures'^ 4s 63;% 65 A J-D 1949 footnotes see M-S ' 78 79'A ..2000 For 5s_1949 *75 >2 104% A-O cons ' y—■ M-S 1944 4s Debenture RR Corp 1st 3Vis. F-A ctfs—1955 6s_j.„- 3V2S trust Power & 4Vis 66'4 376 .1948 N Y Steam 104% 2 J-D 60'A 66 V'4 A-0 N 105 102% 104','4 104'4 M-N 3 101 47% 62% -1966 N . 18 65 190 65% » ' A 110% 105 debentures-1956 4s deb series E General 552 832 65 100'4.10111. A-0 ' 1st 110 Vb 109 105 107 v 60% 1951 4s 108% 11 - F-A _ 57% -1965 AGeneral 1. 109% 109% : .y ■•■■■■ - - 59% M-S N Y & Putnam 109% *103 — . : ' A-0 1950 , Pictures Trans Consol A-0 1947 — 98 —1963 66% 61% 101 ii 98 'A 95 'A 105'4 106 Cons F-A .—I960 B__ Pennsylvania RR cons gold 4s_—1943 70 3 ' 96% 2 107 4 66 *104% V-'ww - 10 96 % 105% . J-J 97 96'4 ; 65 c 104'4 96% 107 Penna 66% :y 103 ' 66 70 A-0 3s gold 3s loan 4Vis series B 64 Va F-A 103%, 104% 12 Pennsylvania Glass Sand 3 Vis —1960 Pa Ohio & Det 1st & ref 4»/as A—1977 67 y, — 110% 6 13 103% 104'8 M-N 64 49% V f s Secured 64 66 '4 109 109% 110 % y Broadway Corp— Guaranteed 68 48 - 12 f gold 4Vis s Paterson & Passaic G & E 56 12 112 Pennsylvania Co— 90 65 112% 110'A J (>:)"« 104 — A-O Parmelee : . 95'« 111% 14 F-A J-D J-J series C_ 1st Panhandle East. P L 91 5 107'4 107% 107 % - 92% 29 J-J 1966 1955 & 111 Paramount 73 : 111',2 112 109% J-D 103 111% 112 4..' J-D —1971. 1st ext gold 4s—1938 mtge 3V4s 1st 110% 1966 J_———1970 3Vis series I »()() . ■ lllVa J-D J-D 1961 series B—1966 Ref 111 109'% 19, ref mtge Paramount 85 ■ J-D 1938 77 90 . J-D mtge 3%s series H_ ref M 3s series K--- 1st & Paducah 124 110 110 -1946 —1964, G— Pacific Tel & Tel 3l4s 82% 77 gold 5s__ 4s series §A2d ext gold 5s_— 118'A 122'A ' & 1st Co §APac RR of Mo 82'A 117 1 117 Chicago & St Louis- 4s— 109'A 99'4 / " 119 81 79'/a ref 1st & ref mtge 3s series • 97 79% & 1st 79% 32 A 96 *78 F-A -1974 1st 106 Va 29 107 V4 112 V% • • 51 111'4 F-A — 110'A 3 F-A 6s 109 101114 103 F-A deb 1 107'A 108 F-A AConv 109% 109 V'4 109 V4 ■' • 102% 95 'W-«' A-O 1997 § A Collateral trust 6s " ... 108 *117 ^ . 4s—- '. , J-J 80% A-0 .1952 deb 106 V4 106 J-J 66 -1997 deb 104% 108% 1962 2013 ANon-conv 104% 5 1961 2013 ANon-conv 110 102% 5 46 81 —. 4Vis series B^—— 110'4 107 109 »4 50% .1946 Y & Erie—See Erie 110'/4 107% 110 Newport & Cincinnati Bridge Co- N 109'4 106% 31-'% 35'4 Gen New York 2 5 20 109 108% 63 106'A 107 • —.— Con v secured 3'/4s_ 109% 105 22 78% v.--''— A-0 J-D J-J .1998 ., 153 111'A 112 103% M-N y 100 106% *105% 106'4 y 109'4 44% 49 . -<-,4. 1945 17'A 100 *103;% 104% v—. J-D 1946 )- J -J J-J J-D ;r "■ M-N 1946 113 103% Pacific J-D ? 12 1 110 109 % 55 -—1954 deposit ■ 19 108% 108 Va -i.- 42% 111% ••• 5Vis series A ACertificates A--'. 85 100 110 /:'/■ J-D • 106% 110 102 50% 47% 44 ' 1956 14'A 13% 100 / 109 % 49 M-N deposit—— 14 IIOV4 110'4 Ry 1st 4s—— 37% 2 106% *9314 49% deposit—— D——— of deposit J-J 110'4 104'A C—A—————1956 series 48 % O 103% 1954 ■' ■ J-D 101% — of 112'4 /■A— .• .; 89 112 ' deposit—— B series ACertificates *112 J-J M-S 103 Vs 1935 109% M-S .—1964 ext-——1944 J-J 18 5s ;,// F-A 1st & ref mtge 3 Vis—1967 Teleg 4'As , • 226 , . 1st mtge 3Vis Gtd 4s {§AN O Tex & Mex n-c inc —2047 Co— ' 1 1972 21 r; 50 50 3 4 1967 103'A 103% . 50 50 —' ■' 81 VA 104'4 102% 113 1st 4 Vis & Light J Pow : . r- 48 V 103% 109% M-S New Orleans Great Nor 5s ■/'■• : — ■ 60 45 101% 9 106 112 106 3s—-—-1965 y ■: A-O 1960 A——1983 N O & N E 1st ref & imp 4Vis—-1952 New Orl Pub Ser 1st 5s series A—1952 1st & ref 5s series B— 1955 New Orleans Term 1st gtd 4s 1953 N ... ..... - . 109% 105% 105% gtd 4Vis series B———1961 J JuncLion RR gtd 1st 4s 1986 103% " 112 111% //-;- ; *107 / : 100 106% 1st v— ; M-S F-A England Tel & Tel 5s A.——1952 New *112 A-;/-y/ M-N J-D JANew England RR gtd 5s——— 1945 AConsol gtd 4s———w_1945 103 105 »A *117 V8 120 1965 M-S /{ANaugatuck RR 1st gold 4s -1954 Newark Consol Gas cons 5s_—.,--^1948 7 127V4 ' J-D M-N M-N J-D M-N debentures—1949 mtge 34 2 1966 57'4 104% 112 49 124% 103% L'— 1943 -1960 — i-y 103% 103% ■ 96'A 91'A 38 79% 3 %s *26% Ll' 82 29% 86'4 Ohio Connecting 96% 96 ' 73 34 deposit—- 1948 1949 Prod 3'As debs 487 53% 903 53% 4-J L 4s series A—1978 Chatt & St Distillers of Id gold 3s Pacific Dairy 20 47% Q-F (Wise) N Nat 80 Va 42 A-0 guarantee)———1945 54% 38 54% 50% A-0 Nat 80 *29 ' can¬ 50'A 49% A-0 J-D Nash 105% 54% 50 F-A debentures-—-———-——1965 Power 1st & ref 3%s——1966 Montreal Tramways 5s ext——1951 Morris & Essex 1st gtd 3'As-, .2000 Constr M 5s series A————-1955 Constr M 4 Vis series B-1955 Mountain States T & T 314s—1963 Mutual Fuel Gas 1st gtd 5s_ —1947 102% Q-J Q-J Northwestern 36 >4 i;53% M-N M-S 6s 6 20 Vi Jan 2047 (Minn) 13 564 54% 49% 36 Vs 5 989 12 of. lien ry & Northern : Montana 110»a 112% Ref 53% 10 54 F-A 110% Ref 54 % 53% a 'VA' I——1981 109 7 —2047 Ref & impt 4Vis series A—— 2047 Ref & impt 6s series B——.2047 20% 50 Monongahela Ry 3'As series B—19G6 Monongaliela W Penu Pub Serv— mtge 2,463 50 11% A-O {§AMissouri Pacific Ry— 1 3rd 7s extended at 4% —July 1938 Moh'k & Malone 1st gtd gold 4s—1991 1st 19% 53% 53% M-N 3 lllV'4 104 3 4" 10 4 •'* 4 A-0 Pacific prior lien 4s_ 1997 registered——————1997 4s 53 % 57 49% " — deposit of ACertificates 35% 53% 49 3 53% M-N — gold 5 Vis — 1949 Alst & ref gold 5s series H—1980 ACertificates of deposit—— 35% 54 16 19 — G———1978 series 5s ACertificates y''" M-S Nbrthern y 54 49'A — A Coil V 351 49% —- deposit——— of ACertificates --2 ACertificates 3s M-S M-S 8% 110% v {Missouri Pacific RR Co— .—--1975 series F_———1977 1,566 46'A v.—' F-A Gen 4s—— 20'4 80% , ; M-S cellation — 90 109% 51V4 53'/4 16 85 111 F-A {Northern Ohio Ry—Alst guaranteed gold 5s———1945 59'4 49 V-4 deposit- 8 104Vi 105 F-A Central gen & ref 5s„—1974 Gen & ref 4Vis series A——1974 72% 41'A 57% F-A 90 16% 111 J-J North 100 100 102 129 J-J A——w.1965 10% 2 Vi M-N Western Debenture 3%s_ 55% J-J adjust 5s series A—Jan 1967 19 Vi 57 : ■ A——1998 series 16 15 27% 9% 5s series A.————1962 AGeneral 4Vis mtge 42 Vi 10 110 % U0 Va 19 O-A 28 27% 40-year 4s series B——____»1962 Prior lien 4 Vis series D_———1978 of Ry Co— High 32 19 109 >4 109'A J -J Ry 1st gold 4s_1996 North Amer Co deb 3Vis_— —1949 Missouri-Kansas-Texas RR— A Certificates Southern Low 146 89 "a J-J 4V2S-,.—1946- January I No. 12% M-N A-O 27% 16 1.206 27% 54 1st 4s——1990 ref 5s series 15 AGen mtge 5s conv inc——-2014 {§ANorfolk Southern RR 5S A—1961 7% 55 Alst & 19 F-A Telephone 3'48 series B_—---3.967 1st 19 A-O 8 J-D ACum F-A ———1943 Range Since Sold 42 Vi M-S 7% 26 25% 4% /■/. J-J Prior lien gold 5s Bonds High 37 Vi Niag Lack & Ont Pow 1st 5s A_—1955 Niagara Share (Md) deb 5 Vis .—1950 22% 5'4 Friday's 42 Vi Niagara Falls Power 3ViS-——1966 49'A 9% 49 Y 1st {§ AN Y West & Bost 25% 'A J-J 1st 5s——1959 Mo Kansas & Texas 27 3i 61 5 61 22% 25 '4 28 M-S —1949 5'As«__—,—; A25-year 77 VA 56% N 60 65 5% 27% A———1946 %AMissouri-Illinois RR 49 % 12 5 6% ——1938 5s_— 30 61 27 '4 ref 6s series 60 21% • J-J consol ATerminal Marie § A 1st stamped 5s gtd as to int—1938 Alst & 72 108% 77'A 48'A 49 4s stamped__———1938 cons § A 1st 22 »A or Sale Price Bid & Asked J-J Norfolk & 50-yr 5s series A—1962 {Minn St Paul & Sault Ste 106% 52 56% M-S J-J M-N M-S Q-F {8 AMilw & State Line 1st 3,/2S_>__1941 57' A 14 58 J-D {AMilw Spar & N W 1st gtd 4s_i947 50 108'A 4 76 60 J-D ASConsol ext 4l/as__-_^—«-___^.^1939 72 107 3 ' ■' Period {§AN Y Susq & W 1st ref 5s— 1937 §A2d gold 4ViS---————-1937 §'AGeneral gold 5s ——1940 100 97 13 68% 72 "A. Week's Range Last Interest Exchange April 30 Low 80% 99% 100 100 ' 78 88 *82 VA M-S M-N J-J M-S A-0 >.1951 Friday Stock Ended High Michigan Central— Jack Lans & Sag 3 Mz s_, 1631 11 55 64 60 "2 17 53 V2 63% 60'A 18 53% 64 . THE COMMERCIAL & FINANCIAL CHRONICLE 1632 Monday, May 3, 1943 NEW YORK BOND RECORD New York Week Stock Ended Week's Range Or Friday's Friday BONDS Last Interest Exchange Period April 30 Low — Pitts Young & Ash 1st 4s ser A—1948 1st gen 5s series B 1st gen 5s series C High Sold Low No. >v *119% Gen 108-% Gen El 96 83 ''106% 107% -I960 M 3%s 1st Pwr 94% 94% 108% 108% ; — — 1st mortgage 3 %s-————1977 Pressed Steel Car deb 5s 1951 ' — n 96 & ref 5s 95 % series 99% ! 99 17 1st & ref 1st & ref 3%s_—-1968 105 % Jan 1960 27% 25% 28 % 372 21% 28% 94 94 87% 96% AAdj income 5s—— ■ • — Tol & Ohio Cent ref & impt 33/4s—1960 Toronto Gas & 97 1st'gol'd 4s-il946 *102 100% 102 *116 117 117 *107% 1053/4 106% 110 3 8 112% Ham 81 Buff Trenton 130 220 ' HP/ft 104% 106 Union Electric Co of Mo 3%s——1971 Reading Co Jersey Cent coll 4s_— 1951 Gen & ref 4 % s series A—.—% 1997 95 95% 883/4 97 87% 88 Vb 78% 88 % 1997 86% 88 78 *111% 112 % 11 debentures————..—1967 *103 88 105 bonds__ Called . ;/:■ 105 ;— — Gen mtge 4%s series Revere Copper 81 Brass 104% 103% 1053/4 105% 100% , 101% 100 101' V* *89 92 78 3/4 80 413/4 43% —1977 *124% *111% 43% Gen mtge 124% 108% 108% 2 30% 33% 453 22 11% 12% 4 9 13 108% 75 Steel States 1.00s 124 J/a 98 % St Grand Island £».'■ *993/4 M-N 9% 1 1943 2.10s 1083/4 . 34 M-N M-N —May 11850 M-N 11950 M-N M-N ————— gold 6s 13% ■ / 2.40s ■ ; 99 102% 2.60s 107 y2 —— - 553% ACertificates of deposit..—— L Rocky Mt & P 5s stpd {ASt L-San Fr pr lien 4s A 68% 1948 1959 —1955 —1950 St L Pub Serv St 1st mtge 5s of ACertificates lien A Prior deposit ———May 11955 of ACons M 4%s 87 78% 87 ' 68% 68% 44 101 Vi : 101'% 102 101 % 101 % 101% — 101% 102 Vi —' . *1013/4 — 101% 102 101% 102 103 Va 103% 192 102 *101 M-N 103 103 Vi 98% 95 Va 91 98% 99 93% 100 99 Va 98% 99 % 97% 99% 99 98% 99 97% 99 110% 112 Power & 68% 95% ;/r • 78 ■ 1st 5s_——3944 Light ; ; 31% 34% 1,447 30% 33% 52 78 19 34% 18 5/a 33% 20% . 73 373/8 20 78: 33% 1950 363/i 343/4 373/8 658 34 y2 36% 99 36% 34% 37 3/a 2,903 19:,,4 36% 1978 ACertificates of deposit stpd- 34% 36% 165 19 3/a " n08a4 1957 no8% Cons 36% 65 Vandalia RR cons g 4s series A—1955 f 4s series B_—— s Coke 1st gold 5s—1949 85 % Virginia Pub Serv 1st mtge 3%s—1972 Va & Southwest 1st gtd 5s———__2003 Iron 1st Coal & 931/2 92 93% 853/4 J-J 82 80 82 11 67 64 Va 62V4 64% 90 46% J-J 44% ^8% 45V4 2,304 27% 72 Vi 65 108% 110 85 45% 85 93 82 J-J 84'% 92 108'/a 109% 1966 85% 104% 107% 94% Nov 1989 § A 1st term & unifying 5s—.1952 79% 85 % 100 '62 5s———•———-1958 cons Virginian Ry 3%s series A— M-N ' *106*% Va \ - n j.% m3'4 3V2s series B—1968 Va Elec & Pwr 37% 37 36% {St Louis-Southwestern Ry— 88 34 deposit series A—— 101 102, 102 M-N - 101% 101 % *1013/4 M-N — 101% - 78 — series B 5s ACertificates ■■ 77 3/8 95 — {ASt L Peor & N W 1st gtd 5s_ 1 1953 101 Vb 101 101% 102 *101 99% 101 *101% 1013/4 M-N May 11954 Nov 1 1954 99% — *101 %/:-///?; . M-N ——Nov — - Utah 88 87 — 1 1953 — United Stockyards 4%s w w___—1951 Utah Lt & Trac 1st & ref 5s —1944 — 87% 87% 1933 98% 102 V4 102 65 Va . ' ASRiv & G Dzv 1st gold 4s_; 1 1952 - 2.65s — 94% 98% 102 *101 101% *101% 101% — M-N Nov May —— 2.55s 107 •60 1996 i Mtn & Southern-—■ {St Louis Iron -Nov ——- 2.35s 102% •63 '/a ——Nov — 2.15s 2.20S 13% *99% M-N ——May 1 1952 2.05s 107% 107% 102? — 1st gold 5s—;——1996 Lawr & Adir 2d 1st 4s——1947 98% Corp— -May 11949 —i—————Nov 11949 1.125s , Jos & 107 101.% 102% ——May 11943 — 2.50s Saguenay Pwr Ltd 1st M 4%s„1966 107% 106 V2 debentures Serial 2.45s St 102 106% *101 n JRBJi Canal gen 4s— United / 11% 102 97% *106% 108 — Roch Gas & El 4 Vi s series D 109% 97% 92 81% 27 / — 33/4s series H——1967 Gen mtge 3%s series I—-——1967 Gen mtge 314s series J——1969 t§AR I Ark & Louis 1st 4%s 1934 t A Rut-Canadian 4s stpd— —1949 i§ARutland RR 4%s stamped—1941 66 58% — 74 932 107% i 107 Va 107% 107% Stores 5s—1952 (Del) 5s—— 1953 1944 United Drug Co UN 103 % 101% 102 United Cigar-Whelan 104 3/a IOO3/4 100% 100% 101% 102 101 Vi I——1955 3%s debs—. United Biscuit 1023/4 103% 104% 12 105 103% 108% 108 % —1947 deb—-———1970 35-year 3'/2s deb— ——1971 Ref mtge 3%s series A——-1980 105 101Vi *102% 103% C___—..—1956 —1960 3 Vis & coll trust 4s A—1949 cons 102% 105 : : — {§ARio Grande June 1st gtd 5s—1939 t§ARio Grande West 1st gold 4s—1939 A 1st 105 land grant 4s_— & 9% 103 RR-^ Union Pacific 1st 12 104% 104% 34-year 3%s 103% 104% 104 98 221 109% 3 ' v -1953 91 147% 5 . 105% deb A 97. '102 V2 107 Vi 145 y2 >;: ■/'' Elec Tri-Cont Corp 5s conv 1103/4 106% ■— 3s Republic Steel Corp, 4!/2S series B—1961 Purchase money 1st M conv 5 Vis 1954 68% 1st 4s——1950 16% 93 Va 105 deb 3%s_—— 1956 108 1st gold 5s—1949 West 7 $§AUnion Elec Ry (Chic) 5s_——1945 of Calif 3s deb—1959 Remington Rand 82% 62% —1964 Union Oil Gen 81 ref 4%s series B— 82 67% 82 823/a 103% 91 110% 111 . 5s———1948 purity Bakeries s f deb 67% 51 81% 81% 29 5 •2203/a 230 — of Nor 111 Public Service 32% 148 81% 823/8 137 106 •147% . C8 68% 16% •106% 107% — High 101% 110% 104 107 V2 93% •109% —: 3s————1972 mtge 5s————2037 mtge 8s .-2037 ref mtge Low 6 82'% 66 Tol St Louis & 1st & 81% 107 93% : January 1 No, 67% 14% "U/ Range Since Sold V —' 98 3/a 16% {AProvidence Securities 4s——1957 {AProvidence Terminal 4s— -1956 Public Service El & Gas 3V4S —1968 Bonds High 1st ref 4s———1960 Third Ave Ry 109% /; C— 1979 D——-1980 ref 5s series & Tex Pac Mo Pac Ter 5V2S A v 1063/4 108% 4 •111 ' 90 103 / Friday's 109% 1093/i 82% series Gen 1950 1st 5s extended to Potomac ref 5s 8i 109% 1st gold 5s—. -2000 B———1977 Pacific Texas & 119 V2 Gen 1st 4%s———1960 Elec or Sale Price Bid & Asked Low 4%s series D—————-1977 1st Portland Week's Range Last Period April 30 High 108 -- Friday Interest Exchange Stock Ended Week 118% •107% 107% 1962 ——1974 — : BONDS New York Range Since January 1 Bonds Sale Price Bid & Asked 86 1st A 2d : bond 4s 4s bond mC ref & AGen certificates 1989 - ctis gold 5s series A—1990 St Paul & Duluth 1st cons gold 4s_1968 {ASt Paul E Gr Trk 1st 4V2s— ___ t§ASt P & K C Sh L gtd 4%s 1947 J-D •85 16% J-J 1941 F-A Depot 3%s B——1971 A-O Schenley Distillers 4s s i deb—1952 Scioto V & N E 1st gtd 4s .—1989 M-a St Union Paul „ 16, , 16% 27 28% — 29% 6% 17 65 Wabash RR Co— 16% 1st mtge 29% 4s series A 101% .•102% 105% 103 Vi AGen mtge 4s A Gen —— inc series A mtge inc 4 Vis ser 94 9J% 94 83 Vb 94 49 Vi 48% 49% 44 52 40 1971 —1981 ——1991 39% 40 34 45 27% 25% 28 % 105 106 1251% 123 124% {AWabash Ry ref & gen 5%s A—1975 *29% 28 48 A Ref gen 5s series B——; 1976 ARef & gen 4%s series C——1978 *27% 473/4 47 48% 27% 48% A Ref & gen *27 Va 11% — 104 471/4 M-N 105'/a *124 — 11% 4% 133/8 28 Va Walworth Co {Seaboard Air Line Ry— gold 4s unstamped § A 1st 1950 §A4s gold stamped-,-——— 1950 A Adjustment 5s——; Oct 1949 SARefunding 4s—i—i-—.1959 A Certificates of deposit— A 1st 6s cons series ACertificates of >. 95 y2 Warner Bros Pict 6s debs-—-—1948 102 3% 143/8 26% 13% 26% 26% ,27% 15 27 14 27 Warren RR 1st 50 50% 31 521/a Washington Central Ry 1st 4s_—1943 Washington Term 1st gtd 3%s 1945 26% *25 debs— ——1954 99% 99% 271/2 15% 30 28 17 Si 29V4 99% 98% 100% i9Va 101 *100% 101% — 413/e — 41 % debentures 4s_——1952 104V8 104 Skelly Oil 3s debentures———1950 103% 40 103% 103% 104% 1st 40-year 103 10414 : Socony-Vacuum Oil 3s debs. South & Nor Ala RR Bell 3s Tel 10534 gtd 5s. Tel & 107 6s A— 105% 1071/a 106% {Cent 4s Pac 108% 105% 1073/4 103% *1033/4 104 registered— 1st 5s E— 1st 4V2s Gold 4%s 104% -1952 Maryland 1st 4s. 1st & ref 5V2S series A. 91 y2 {AWestern Pacific 1st 5s A5s assented— — —1946 68% 65 69 Vi 36 V 93% 93 94% 84 94V4 92 91% 92% 87 Va 94'/a .893/8 88y2 89% 83 91 Western Union 69 West Snore 1st 4s guaranteed——2361 MS 62 Va 64V2 55 663/4 M-N 62V8 641/4 531% Registered 60% West Va Pulp 81 Paper 3s—— M-N 61 63% 52% 633/4 99% 93% 99% 1954 Wheeling & Lake Erie RR 4s_—1949 96Va Wheeling Steel 1st 3 Vis series B__.1966 MS 84% 96% 85% 87% 301 70% 257 92 217 683/4 79 96% 78 87 3/4 96 3A 98% 99V4 68 92 93 93% 6 84 93% 97 98 89% 98 101 102 & gen 6s————_ 95% Devel & — 5s—__ gold 4s. 127 S B & ref 3s Stand Oil of Calif 3%s B— 1964 J-D C 1968 J-J 107 Serv 4s———1972 M-N 107% 107% series Pub 60 V2 54% 56 41% 56% 1st gold 4 %s—2013 Apr 2%s debs—1966 *1113/4 112% F-A 48 100 111% 106 48 4s——I960 88% 109% llOVi 88 89 Vi {AWisconsin Central ACertificates of of Wisconsin Elec Power 3%s Wisconsin 60 20% 61% 47% 59 47% eoy4 19% 20% 143/i 23 60 15% ■ G4 Vs 21 Vi 1103/4110% —1968 Public Service 3V4S—1971 1st 4%s— 90% 115% 59 1st 4s——1949 deposit— / 114% *115% deposit——— §ASu & Du div & term 1st 4s—1936 ACertificates - 108% 1943 110 y8 111 108 % 108% *19% 25 107 108 Vi 103% 107% 101% 98 Vi 95% 20 20 112% 1077/s 107% 1071/a 1st 88% 104 Vi 103 103 103 *110% M-S 86% 102 {AWor & Conn East 1st 43 J-J 95% 78% Spokane Internal 60% J-D 98 Devel a 58 55 y4 2361 — 69 V« 101% 101% 101% 101% J-J 773/4 Southwestern 4 64% A-O / 93 Vi 99 V2 54% 4s series A„—„ Tel 84% 69 Vi 65 Af-S gen Bell 91% 95 85 & Southwestern 90% 36 34 68 Devel 1st 111 112 69% 83% 67% 1950 no 106 110% 98 % Winston-Salem Mem 119% 120 108% " 98 83% South Pac RR 1st ref gtd 4s— Southern Ry 1st cons gold 5s_— St Louis Div , 65 88 1st 4s_„. gen 6'/2s Div 1st gold . 69 % .—1946 33/4s ' 98% .—1981 10-year secured San Fran Term 106 A—1946 725/8 .—1969 Gold 4V2s_— 95 104 -1977 ser 87% .—1968 - 88 111 y2111% mtge 3%s series I———-1966 85% —1977 — Gold 4%s 45 31 42 109 Va 110 •111 1963 —1949 (Oregon Lines) A. 104 94% *119% 1.20 -1950 Aug 1949 . 96 102 103 Va *104 —1967 — 41% *93 y2 Teleg gold 4%s 1950 25-year gold 5s_— —1951 30-year 5s—— —I960 Westinghouse El & Mfg 2Vss——1951 coll)—. 27% 91 95 Vi 102% 103 123% 107% 108 Southern Pacific Co— 4s 30 104 123 — 103 >- Colo Power 105% 106 *123 ■— 3%s_. debentures Southern 31 27% *104 ..1945 5s stpd gtd—. Gen mtge 3%s West Penn Power 1st 413/, gold 3%s—2000 guaranteed 4s__ Westchester Ltg J 44 1013/a ref gtd Western South 92% 26% 26% 27% 25% 23/4s sinking fund debentures—_1961 {§ ASilesian-Am Corp coll tr 7s 1941 Simmons Co —1955 — deposit— 2 Vis 1st mtge 4s 253/4 26% {ASeaboard All Fla 6s A ctfs—1935 A 6s series B certificates-, —1935 Oil —-1980 28 V8 {§AAtl & Birm 1st gtd 4s——1933 Shell Union 5s series D —1945 A 27% 108 % 41V2 52 1033/4 103 3A 102% 103% Toungstown Sheet & Tube— Standard Oil N J deb 3s— 23/4 debenture-— 1961 J-D 105% 104% 1051/4 104% 106 _1953 J-J 105 1043/4 105V4 104% 105% 1945 — J-J 108 105% 108 101% Called bonds——— Superior Oil 3 Visdebs— — M-N >1961 M-N Tenn Coal Iron & RR 1951 gen 5s Terminal Assn St L 1st cons 5s_„... .1944 Gen refund s f gold 4s— 1953 __ Ret & impt mtge 3%s series B~. Texarkana & Ft Smith 5%s A_..__. 1950 3s deb__ 1959 3s debentures. "™" 1965 >> com gold 5s IZ ZI *104% 1st mtge s f 3 Vis series D_, M-S 1033/s M-N 1033/4 121 J-J F-A — *104% — 1113/4 99 1053/8 1023/a — 103% a Deferred delivery sale not included in the year's included in the year's range, n Under-the-rule sale not not included in the year's range. J-J 97% 100^ 100J3 102% 102% — Cony deb 4s—- 121 1 1 120 121% 104 „ 1113/4 1113/4 105% 110% 113 range, d Ex-interest, e Odd-lot sale not included in the year's range. rCash sale §Negotiability impaired by maturity. tThe price represented is the dollar Accrued interest payable at the exchange rate of $4.8484. quotation per 200- pound unit of bonds. ' 1974 Texas Company Texas & N O *100,1, - —1956 Swift & Co 23/4s debs 103 Va' 108 Studeba ker Corp conv deb 6s_. 1943 J-J F-A *1033/4 . „ 10#% 105 91% 76 A-O 105% 105% 105% 13 M-N 105% 105% 106 3/a 66 1053/a 1061/2 100 Si 100 Si 1 100 Si 101% J-J . 91% 90% 89 105 Vs 92% 105% {Companies reported as being in bankruptcy, receivership, or or securities assumed by such companies. reorganized under Section 77 of the Bankruptcy Act, •Friday's hid and asked prices; no sales being transacted during current A Bonds selling flat. week. 157 Volume THE COMMERCIAL & FINANCIAL CHRONICLE Number 4173 , ,1633 :MEW YORK GURB EXCHANGE WEEKLY : in which the week a in following extensive list we April present Friday (April 30, 1943). It is compiled security, whether stock or bond, in which any dealings have include every to STOCKS New Ended Week April SO Wire Co Acme 10 common 1 Supply Mfg class A Aero Class Investors Air Alubama Alabama Power Co Alles A Bourjois Feb 3% Apr Bowman-Biltmore Mar 3% Aluminum Goods Aluminum Industries Aluminium Ltd Mfg American 2% 2 700 % Box Co Class A Class B — Cyanamid American Fork —i General American Potash Co Chemical— & Seal-Kap Brillo Jan 29 Mfg Am 15% 10% Apr 6 Jan 86 Jan 120 Mar Jan 108 Mar Oil dep common Celanese British Anier dep rets ord i's 20% Jan 300 4% Jan 7 Apr $6 100 % Jan 1% Feb Brown Ruooer Jan % Feb Bruce (EL) 12% Jan 22 Feb Bruck Silk Jan 83 % Feb Buckeye Pipe Line—— Apr Bunaio "7% "7% 100 114 Apr Mar 33 7% .''5%' Jan Apr "--u. '• " • ' "2% 50 3 2% t 38 31 31 •' 15% Jan 32% l'fi Jan 314 3714 • Class A Jan 39% Mar Apr 4014 Mar 3.800 36% 38% 6,G00 % % 36% 11,000 Apr Apr 1% Mar Jan % 12 16% Jan 16% 550 25 % 7,400 19 % Jan 2514 1,375 •93% Jan 107% preferred $6 1st 1,000 3% Jan 514 Apr 35% 325 28% Jan 33 Jan Art Oil Ashland Refining Co— & Breweries of Canada Associated 36% Mar 41 Mar American rects dep & Coast RR Co Birm Atlanta class A Tel & Tel Associated Line Atlantic Coast Atlantic Rayon Atlas Corp Atlas Drop Atlas common Automatic Corp Products Automatic' Voting (B F) Avery Machine & Sons common preferred 6 7o Axton-Fisher class A Butler 18 Apr Cable Callite 3674 37 25 Jan 37 Apr Jan 85 "n ""%'■: 22% 54% 37 75 ; ' 22% Baldwin Rubber Co Stainless Barium Barlow & Seelig A Basic Refractories (L) Baumann Tic 1st preferred Brummell Beau $1.50 Beech convertible Aircraft Bellanca Bell Tel preferred Benson' & Hedges Jan 2% Jan 4% 93 12% 2,800 3% 500 4% 27a 3*2 11,000 ■2% For footnotes 1637. Apr Mar Apr % J an Feb Camden Class A Class B 7% Jan 5 2 Jan 1% Jan 100 8% Jan class Co Carnation 2% Carolina Power & Light $6 Co Jan Jan 10% Apr 92 Mar Catalin Corp 1,100 10% Jan 15 Apr Central Hudson 500 5% Jan 6 % 6 6 V 8 I Carrier Corp 800 1.000 500 14 (J W) Carter (A M) Central Maine 614 Apr Central New Jan 5% Mar Central Ohio 7 Apr 7 1% Feb 69% Feb 109 5% 5% 35 5% 1,100 Mar .v'V3% Jan Apr % Mar 114 75 Feb Mar 111% Jan 6%. Apr Power 1% York & Power Central Corp 12% 111% Mar 105 % 2,200 900 8y4 8% Chesebrough Mfg 75 281/4 Jan 6 6 100 4% Jan 6% Mar 1% 1% 11,900 % Jan 1% Mar Chicago Rivet & Mach Chief Consolidated Mining -:.'v 874 8% 100 Jan 8% Childs Co 17% 18% 400 15% Feb 18% 2,600 2% Jan 314 Mar 514 Apr Jan Feb Apr 13% Mar 7% Apr 6% Jan Jan 19% Apr 2% Jan 4% 600 Feb 89 640 84% Jan 9 74 100 7% Jan 25 102 102 — Jan Jan 92% 89 9% 100 6 114% — 50c jl 1J 974 9 74 tt' ■ 102 13,100 974 2,200 1174 550 Apr W! 7% Jan Jan 4% 10% Jan 474 • Jan 9% Jan 98% 100 72 150 80 Jan 72 200 64 % Jan .71% 9 Apr 8% Mar 114% 93 Jan Apr 9% Mar 106 Feb 13 Apr 10% Mar 6 Mar 7 Apr 11% 100 Feb Apr 72 % Mar Feb 3% 7% 43 15% 10 5 23 5 4 1 100 Cherry-Burrell common Apr Apr Mar Jan 2,800 1 common 7% Jan 4 1 pfd Jan 106% 3% 1% Metal Weather Strip Co__5 Cliamberlin Charis 1% Mar 10 V"i% ~9 "9 pfd—100 Utilities West Apr Mar 7 com——* Co 2% 13% 23% 38 % preferred_100 5% Jan Jan M 9% 150 42 11% 12 74 1 Products Light South & A rcrai't Cessna Power Steel 350 Mar 21,900 102 * America Gas & Elec . 36% •, 18% 3% 36% x3 4% 6 5% 600 3% Jan 7% 774 500 414 Jan 19% 19% 19 74 100 16 % 75 70 75 780 40% 200 5% Jan 5% 7 74 7% 7% 38 374 Mar '2% 110% :11074 -- 10 & Co of 8 % Mar Feb Jan 11% 42 * .—1 1 Products Castle Jan % Apr 1% ♦ Co common Casco 4% • 474 22 $7 preferred—* common 4% 74 Jan * common—— 114 15 3% 3 . • preferred 8% .: Apr 100 — 6 L— A Class B 5,300 7% 26% 11% 2% 1 3% Mar 6,000 14 Feb — • -—; k % 100 2% Carman / X4 X4 x4 • Products City 12,800 8 23% — 26% Ltd— preferred 1,300 Apr 50 ■/ •. 25 25 • voting 3% 15 i voting— non Industries Capital 3% Mar 3% Mar V " Foundry Ltd— 7% 10% 3 974 Jan 2(6% 5 ' I100 pfd—100 6%% Ltd Co & Car 2 ft Assn—1 Insurance Fire Cement Jan 974 1% 3% 1% 3 Apr 2,400 3l/4 Canadian Marconi Apr Feb 674 374 Apr 3% Apr 5 Jan ~6V4 Apr Feb 374 Jan 1% 1 1 Power 3% ' ...20 20 Corp 3% Mar 106 Apr 374 10 1C Electric Tungsten 1314 Apr 3% 100 93 Jan Apr 20,000 Jan 12 Apr 174 6 74 Jan Mar 174 Jan 3% Jan 60 Jan "5% 88 % 3% Apr Apr 9% Mar Jan 20 % Apr Jan 75 Apr 7% Mar Chicago Flexible 21% 22% 1,800 19% Jan 24 Mar 5% 36 5% 8,300 2% Jan 5% Mar 500 36 29% Jan 36 % Mar 6 5% 6% 600 3% 3 2% 3% 40,200 14 Jan 3 % 9% Jan 1274 4 Jan Jan 6% preferred 5% 1% ~574 1% 2,700 500 1% 6 60c $6 Apr 1% Jan P Service Clayton $7 Mfg Cleveland Tractor common Coal Apr Cockshutt Colon 6% & Corp Utensil Aluminum Co Plow 29% Apr Colorado Fuel & Iron 5% 100 3% Feb 5% Apr Colt's 400 7% Jan 11% Apr Columbia 2114 Mar 1214 12% 13 5,100 8% Feb 3% 3% 4 1,200 3% Jan 20 115% 133% 13414 23 Jan 1314 5 Apr Mar Jan 136 Apr Jan 45 Jan 3514 Jan 42 % Jan 33 12 it 914 5% 5% 5% 14 % 14% l 2% 2% 2% * 41% 4114 42.14 15 2,100 200 9% Mar 900 6 Jan 100 3% Jan 2,600 10% Jan 7,200 18 Jan 3814 Jan 350. .Tori 3' Feb 5'r Fire & & Southern 10 Apr Consolidated Apr Consol G E L P Bait 2% 45 Apr Feb Biscuit Co— common series B preferred preferred series C Consolidated Gas Utilities 4 We 4 % 6% 7 51% Jan 4% Jan Apr Mar 86% Mar Apr 85% Feb 7% Mar 6% Feb 7 Jan % Apr 400 1,800 Apr 17% Mar % Feb 5% Apr Jan 500 Jan 29 Feb 34 Jan 13 10 10% 300 7% 2% 100 2 8 8 100 3% 5% 13% Apr Jan 10 % Mar Mai- 6 1274 10% 2% 7% Mar 68% Jan 13 ; Mar 80 Jan 73 13 74 33% 33 9% Mar Jan 48 5% 2% Apr 8i;i 25,500 8 Mar Apr 8 Apr 1% Jan 5% Apr Jan 5 Apr S^a . 6 1,200 374 Feb 6% Mar 3% 6 42% Mar 8 4 3% 3,700 1 % Jan 3% 51 450 49% Apr 55% Feb 4174 43% 420 24 Jan 44% Apr 1/64 Jan 3aa Mar iV 600 174 13,000 32 Jan 10% 300 7% Jan % Apr % 26 % Jan 27% 4% 700 2% Jan 1.700 56% Jan 3/64 19% 19% 1% 111 1 • 10% 10% 4% "4% 6174 61 20 62 115 74 115 74 100 100 108 3% Apr 4974 25 1 1 Jan 4% " ""% 3% 1 * Mar 300 7 * preferred Apr % 1,100 • 100 3% 76 20 7% warrants— Public Service Community Water Service Compo Shoe Machinery— V t c extended to 1946 Conn Gas & Coke Secur common Apr 6% 78 10 7% 25 % 12 % 16% Mar 78 warrants Arms Community $3 600 7% Electric—| preference Commonwealth 2,350 7% * 1 1114 Gas 7974 --£1 — 514 12,300 9 66 4% Airlines Patent Mar 76% ordinary 7% 20% Jan 1,625 66 • Rosenberger Inc preferred Apr 900 2074 8% 87/a • Co common. Development Colonial "% 17 1874 77 1 4 • • 100 Jan . 1 Illuminating Electric Clinchf'eld . 66 • * 10 Inc 10% 16 preferred Co Lights Lambert & 5% - • L & preferred City Auto Stamping City & Suburban Homes Neon ~ 7 $6 Controller ■ * preferred BB Cities Club Mar 10 preferred preferred B—— $6 Apr Apr Shaft Co Cities Service common Clark 1 page Apr 1 3% Jan * see 93 13 ..£1 £1 pfd--, Estate 97% 8% common ,15% Apr 27 dep rets 5% ougar 2% * common Mar Apr 25 i7«' 270 Fdy & Mach Co com—• W) 150 lif 200 % (E Feb 6 % 10 Jan 1,200 104% 105 3% 2% 104% 11% Blauner's Jan 9% 10,900 7,300 1174 1 Bliss Jan 1,100 ; 1% 3 250 2 174 1 Blue Ridge Corp common $3 optional convertible preferred 10% 82 2,700 1% Apr 5% 200 iV Convertible preferred Berkey k Gay Furniture Steel Jan 9,900 9% 74 Apr Mar 2,900 4% Bickfords Inc Birdsboro Jan 7% 1,000 9% 74 57 1014 • common 16% Mar 5 9% 1% Products common Jan 1 common 1% Mar Jan 14% Apr 45 10 1174 —100 Apr J an 5,200 Mar 25 1 Canada Apr 5% participating preferred Canadian Industrial Alcohol— 20 common 18 105 Feb Apr 4 2% 514 1% Feb Jan Jan 5% 80 2% 2414 ' 1 105 1% Apr Mar 200 Jan 3% 10 Corp Aircraft of Inc common 1% 190 3 3 % 14 3% 20% 100 ... Ties Mills Inc Beaunlt 100 10214 4,500 16% Jan Mar 3% 400 11% 474 * common "13 15% Feb 1% 12 25c Canada 92 11% ~5% 300 •v3;-/ 2% Canadian % % 1 1% 2% ' V Jan Feb Colin Inc Mar 14% Mar % Jan Apr 5 common 15% Jan 7'a % Mfg— convertible $1.20 Jan 900 Jan 1 Steel Apr 2% % 1 common 18% 2% 54% 4%. ' 5% Jan 11% 300 17% —12VaO 22% 9% 9% 30 Jan 14% 1274 17% 17% * 9.900 80 for common 31 1% California Baldwin Locomotive— warants 11% Mar Jan 50c 50c Cleveland preferred Apr 30 % .50c 50c American Caitunoa. Claude Purchase Apr Mar 10% Mar ' Apr 22% 70% trust certificates Wireless— & 26% Babcock & Wilcox Co—— Jan ¥ Power— common Electric Voting Cables Feb 27% Mar ' B 7% & A) 25% 1 siya 70 _* ' & East $3 (P 100 com..10 Apr 475 67% 5 — 26% 25 T Tobacco Patoka Collieries Ayrshire 1% 25 16% ——5 • 1 • 5 Plywcod Forge Feb 25 26 74 16% 1% iV • Apr 1 2,100 preferred Burma Corp Am dep rets Hurry Biscuit Corp. Inc Burco 17% — 2% 174 2.50 Jan 50 Co Corp Apr 1,400 1% 174 1 common.. common Mills Ltd Hill Jan 100 warrants 5% Sullivan.. Bunker Jan 1 79% Jan 13 13 —• pfd—100 Fisheries Coast Jan ■. 91 Central preferred Atlanta Gas Light 6% Atlantic Jan 61 .; 15% 13% £1 reg ~2 "..., Mar 5% 12% 20% Associated Laundries of America.——• 1,000 Mar 7% '4% 87% 450 Industries— Associated Electric Jan 13% 500 5 1 * Metal Works common Jan 3% 13 4,700 10 Arkansas Power & Light $7 preferred.* Aro Equipment Corp 1 77a 6,100 14 17 Va preferred Apr 1,700 61/4 88 17% Angostura-Wupperman 6% Apr Mar 10 % • 23% 1 Apex-Elec Mfg Co common ♦ Appalachian Elec Pwr 4'/a% pfd—100 Arkansas Natural Gas common— • Common class A non-voting —* 11 9 2 4 74 1 preferred..—. preferred 1st 25% 2 Fence,. Post Anchor common 20% ———25 $5 16% • preferred Paper Writing American Jan 5 74 " 5% • Co Co Niagara 25% • 5 Distillers preferred 17% • * preferred American Thread 5% $6 series Jan Apr 5% 5 35 / Corp common—* Superpower Jan % 11% Apr 16% 24 35 . 2% 600 Apr 106% 107% 16% "% Feb % 5% * preferred— Forman Brown $1.60 33 Jan 15% Feb Jan 974 6 1 common 1,030 eoo 500 Apr 7% Mar 2,400 10s reg— Wire Fence & Brown Jan 21 19% is's Jan 1 •% 8% £1 £1 reg 82 ' 1% 6 Ltd— 500 Canadian American ord rets % 7 —v 28 Tobacco— dep rects ord bearer 1% 29% Jan 19% 1% 18 1074 • Co.— 7 29% 8 ■ 1% 18 62 300 ■ 4-.4-—• 31 1 Va 100 * common 103% 1% X* — 100 American Am .200 % . * i A American British Apr 107 6% Apr 23 •••'v 46 Mar Apr 9% Co Apr 70 62 — • A—-— ■ Apr 6% • B Class Mar 150 >L--: 10 —2 Republics American American 28% Mar 112 1.200 1 * • Meter Co American Feb 128 100 American Apr 24% 12% Feb 100 preferred Jan 9% 25 25 100 common common——, Maracaibo 5% Apr 7% Feb Jan 3% L • class Corp Class 20 Preferred American 4 % Jan 4 Apr 110 Apr 25 6 % preferred American Mfg Co 110 Brill Jan 112% 114% 1 —1 Mach Light & Trac American Bridgeport Machine Preferred High 6 1,100 6% _1 — Low 2,400 674 60 — 100 * • 1 ; Bridgeport Gas Light Co Apr Jan 5 % Hard Rubber Co Laundry Apr 99 1374 25% preferred——. $2.50 convertible preferred American 107 Jan 106% 107 106% convertible American Jan 91% 105% 9% common—10c Corp Corp common Aeronautical. Brewster 700 114% * 10 common Lgt & Pwr Apr 900 % Electric— Traction 83 450 107 10 preferred-— 4% % preferred preferred Jan 15 123% 15 - 100 Hoe & & Gas American Breeze Mar Jan 110% 111 111 Foreign Power warrants American 1% 1st 2d $5 Brazilian ■ 350 26 122 123% 10 class A non-voting— B American Apr " British 25 25 1 A class 1% Apr 32 1/64 Mar & Light— Power Cities Convertible 2% 33% 2414 * • 1 . prior preferred American Central Mfg $5.50 American 50 5% 5 Vi 26 26 1 common Jan Jan 3% Capital class A common—10c Common class B. 10c preferred 60 110 110 1 -—100 Board 1% Range Since January 1 High 12% • common 102 230 99 98 99 * Co 1% Inc 72 American $2 200 1/64 1/64 2% ——100 Book American » 700 1/64 Beverage common...... American Class 8,800 2% 27 % • common common— preferred $3 3% 2% 3% ——• 100 —* preferred 67c 774 Mar 25 common conv Aluminum Co common— 6% Jan * 10 $3 conv pfd (Mich) Products Class Jan 5 1 * common Allied Intl. Investing Allied 5% Shares 4% 60 —25 • 500 ——100 Investment Alliance Scrymser Co for Week 11% 6: 100 Borne Apr 12 • 1st preferred 500 50 — Fisher Inc m T/o 7 * -—* .. Tic preferred Jan 8% Ludlum Steel— Allegheny 514 6% 3 preferred $7 Jan Sales Range of Prices Low • Co common 8% —-— preferred Apr 4% & Co (S) iH C) 7 2 Electric Appliance Great Southern $6 Feb Bohack 8% 10 preferred Warrants Air-Way Blumenthal 874 50c common Convertible Apr 21% 1 Corp— Accessories Aircraft 1,500 20 5 (NJ)—_. Inc Associates "5% 5 Feb 17 Week's Friday Last Sale Price Exchange April 30 Par 2014 50 19;/; T 1 B Ainswortli Mfg common Air 18% ■fiTiyi: Curb Ended High Low Hi(ih Low Par Week Range Since January 1 Shares York New for Week Range of Prices ' STOCKS Sales Week's Friday Last Sale Price » Exchange Curb York Curb Exchange for the week beginning on Saturday, entirely from the daily reports of the Curb Exchange itself, and is intended occurred during the current year. furnish a complete record of the transactions on the New York ending the and 24, YEARLY such sales in computing the range for the year. No account is taken of they occur. footnote In the in AND the week's range unless they are the- only transactions of the week, and when selling outside the regular weekly range are shown sales are disregarded in deferred delivery and NOTICF—Cash 5i: :; 3% 108 374 1,050 Jan 14 20 Apr 1% 11 Apr Mar Apr Jan 4% Mar 62 Mar 10 111 Jan 118 Mar 20 103% Jan 109 Mar 2 Jan 1,500 4% Mar THE COMMERCIAL & FINANCIAL CHRONICLE ' 1634 Monday, May 3, 1943 * , NEW YORK CURB EXCHANGE STOCKS New Ended Week , Exchange Curb York April Week's Friday Last Low Par Consolidated Stores Retail Consolidated preferred Consolidated Royalty Steel Low High 38V* 3814 5 425 3!) '4 Jan 107 107 Public Service Tire Rubber 6% Jan 1,500 1 Va Jan 1% Mar • Oil 2,200 5% Jan 9 Corp 7% Mar Cooper-Bessemer S3 prior preference. Petroleum ; 7% Apr aY Jan % 1 Va Apr Gilchrist Feb 50 W C 1 u Co 20% 5% •v:-: • * Jan 15% Jan 10% 600 10% Jan 10 Va % 17,300 & Jan Va 1014 % •*•. 21% 14 . Brewing —* * common—— Preferred 2 V* Mar Jan Co..—— * Crown Crown Drug Co common convertible preferred Crown V' 5 • 25c 25 Godchaux 7 Mar Cuban Tobacco Curtis Lighting Curtis Ml'g 5 Mines——I Goodman preferred Gorham Mtg common-..—, Jan 3% Apr 3% 200 .2% Jan 4% 100 63 b Mar 7% Jan 1% . 1% 1514 . 1,600 1 23% « class A— * . ; 19% 4,400 34 14% 14% 20,700 3% 3% Jan 800 IV2 Apr Feb 6 1,000 15 Va Apr 11 Fee 1% 15 % Feb 3 % Apr Apr Mar 10 Mfg Gray Feb 24 Jan common——2.50 (Mo) . 5 15 5 —• 1 Petroleum common Hosiery Mills Dayton Rubber Mfg 16 34 15 Mi 700 ——^*44;...——1 4Va 5 $6 prior preferred 50 8% debenture —100 Derby Oil & Refining Corp com * A convertible preferred * Detroit Gasket & Mfg.... 1 23« 23b —-——20 1814 6 7c preferred.. • Co Apr 7% 18% 1914 300 26 26 10 10 Shoe Dobeckmun Dominion Co Dominion Coal B Duval 21% Jan -1* 2714 Apr — 76 class B common * -1 2 11% 3% 2% 334 2 Va • 200 1,100 11 Va 200 Apr 4 * Sulphur East 4 34 '/c 67c .—.——10 & Fuel Assoc common Gas Mar 2 1 8 11% Apr Apr Malleable Eastern States 600 10% Jan it' 214 Jan Mar 57 475 42 Jan 59% Apr 975 19% Jan 34 Apr 25 — Jan 2514 Mar Iron Corp 20 Jan % 10% Jan 19% • 17 »4 —. 1 10% Jan 19% B • 42 Machine Apr Bond & Electric preferred preferred. Electric Power Option Share 4% 600 4 >4 13 100 Economy Grocery Stores—*——* common——5 7 * ._*. & Light 2d pfd A.—* — 23 Apr Mar 714 108,800 Apr 2,000 65 Apr 5,700 64 68% 71 Apr 23 1,050 •■■■ warrants. Apr '/« Mar 400 fl( Emerson Electric — Mfg Equity Corp * preierred— 2i 275 291a Feb 8 8,200 8% Apr 93 70 94 '/a Jan „1 _1 Inc Eureka Pipe Line common Eversharp Inc Apr 4 10c common convertible Esquire 8 1 .415 Empire: District Electric 6% pfd—a-100 Empire Power participating stock * Emsco Derrick & Equipment 5 Fairchild 100 _j 1 common.— Engine 9 114 IV* 33 Va 4 • 311 * 334 134 34 4 Va 1% 8,900 2,025 34 4 34 3,000 30 13% 14% 14% 500 Airplane & 1 15% 400 1,300 514 300 _______—5 (Pliilaj 10 514 Light $7 preferred—* & 91% dep Mar Apr ord * reg Class B voting.— 100 A Feb Jan 4 Apr 3 V* Jan 5 7914 79% 8014 525 135 135 Apr 5% Mar 33 50 67% Mar .25 33 33 8% 814 127% Mar 27 V* 300 80 Va Apr 135 Apr 36 Mar 10 Apr Jan 5% ■ Jan 414 3-'n 4% 1,800 134 Jan 43s 44% 44% 4514 5,800 37% J an 45% 102 Va Jan 106Va Feb HI Apr 107 Va Mar 4% Mar 514 6% 19% 193b 6 Apr Ajir 4% Mar 11 414 Jan 6% Feb 17% 150 Feb 20% Apr Jan 49 Apr 1 1 % 3,500 iu Jan 1% a ... 1% 200 1 Va Jan IV4 J Mar 5 Mar 434 200 31% Jan 29% 200 1914 Jan 3 3% 1,200 11a Jan 3% 4% 3V4 36 35 30 31 30% Mar Apr Jan 36% Jan 3,600 7V4 714 V 714 Feb 2 29 4V» Jan 7% Apr * 8% 10 850 6Va Jan 10 Apr 10% 11 900 9 Jan 11 Mar 6 Jan 9 Mar .2 —i, .——25. Rubber Hewitt . —__* ———— 2214 5 common... 1414 1414 14% 100 Jan 27 Apr 7 % Jan 11 Apr 111b * Holt & Co participating A Henry 4,500 42 ..50 Hoe Jan 15% Mar & Co common—.-2.50 Horder's Co Horn & & 22% 800 21% Apr 24 Apr 600 15% Jan 22 Apr 500 6% Jan 1014 Apr Feb 20 Jan Jan 34 Mar 8% 9% 8% _• —• Co common & Hardart —* a31a ;.fv a3 105 100 —5 preferred.————.— ... * 5 Corp* * ——1 .......1 -* 5 Ligonier. Co Huyier's common V t c for 1st preferred. Securities— Hygrade Food Products Hydro-Electric 34 Jaii Mar 275 110 2614 108% 109 .... ' : 4% 4% 108% Apr 113 Jan Jan 20 Apr 60 Jan 3 Jan 6% Apr 700 75 73% 73% 23% 14% 25% * Fibre Jan 10314 Mar _J Baking Co... Hardart Hussmann ■ common——. Co common— Ci iA Horn 5 Inc (Geo A) Hormel M ... 21 29% 10 Hollinger Consolidated ,G Holopliane 2214 2014 17 new class A Chemical (R) 1,500 V "" "2 Ml 2 i.Vv:J t» 14,900 % Feb Jan 27% 78: 5% X7 Apr Apr Apr Api- 2 Apr 18% 5 Vis 21% 1,303 8 Jan 21% 1% 2134 1% 100 1 Jan 1 % Feb 5% 1,000 3% Jan 5% Apr 10.000 53» . Apr •m I Illinois arrear 50 certificates Zinc Illinois Yards— Engineer— Froedlert 4% ; . 414 4% Tobacco of Britain Great preferred Co Apr 714 Jan 10% Mai- 3 Jan 7% Jan 914 Jan 18V4 Apr 5% Apr 10 Jan 3% ■ Apr 57% Jan 66; Apr 81% Jan 91% Apr 1,300 Jan 3% 4% Apr 20% Apr 16 % Jan 21 Apr. 12% Jan 15% Jan 19% 300 19% lVa 2'4 Mar 15 21 12% 15% 4 13 19% 7 '/0 7% Power Co Co of North $3.50 Mfg Co General 3814 38% 59 59 50 Registered 10 International ll4 • i<i 15 114 400 1 $3.50 Gas For & Elec $6 footnotes Petroleum preferred see page B 1637. 16% Apr 6 % Mar Jan 12% Apr 1214 1.200 9% Jan 12% Apr 10% 500 9% Jan 1014 Apr Jan 20% Apr 12 600 10 25 . 50 91 Jan 104 26% 75 20 Feb 27 Apr Jan 301* Apr Apr , shares Jeannette 45 Jan 61% Mar Apr Mar 72 Va 98 14% 103 500 100 7% 1.700 2-% Jan 7% 3% 3.600 114 Jan 33a Apr Jan 13% Jan Jan 8 V* 17% Apr Jan 1714 Apr Jan 914 Apr 8% _* ....— 1614 :* 16% 2,600 814 1614 9 "a 1,900 614 Jiv» 100 3% 4.700 Mi Apr Mar 15 Apr ... Products..———.—...• Safety Razor 1% Jan Jan 7% Apr Jan % Feb % Mar * B. „• 634 6% * ... Hi i« ": HV 17% 173/*;;.. 150 40 Jan 173h Apr Jan 7 34 32 42% Apr Jan 35b 42% 350 2% 2% 500 21% Feb 3% ... "4%^ 300 134 Jan 100 34 Feb 650 14% Jan 19 1,100 7% Jan 10 % 3H Jan 2% Jan % 1834 10 % 1834 183« 10 10 2% Jan Feb 22 4% Apr Va Mar Mar Apr 14 Mar (F L) Co Glass — 1 si?:: Jan Jersey Central Pwr & Lt 5V2 % 6% —1 Co pfd__100 preferred preferred.^—— & 100 .*100 Kokenge Co 5% Mar 2% Mar 66 Jan 78% Apr 84% 84 '/a 69 34 Jan 86% 95 95 79 Jan 97 Apr 1534 Apr 16% Apr • Apr Apr Jan 1 % Mar Jan Jan 12% Apr 3% Mar Feb 7V2 Feb 13% Jan 16% Apr 90 7 14 i 400 314 ; 3% 13% 77% 1,000 Feb 1% 7% 14% 24V* Mar 13% . 7% Mar Jan Jan 2 I.io 1% Mar 175 77%: Apr Jacobs % 700 1% 22 76% 77% Jan 44 1 114 20% ... 4% Mar Jan 934 1 * 9% Jan Apr 2014 714 shs__* coupon preferred— prior preferred Home Equipment 29 50.0 £i • common Apr 102% 102 S 1 Inc —* • 1 Interstate Hosiery Mills—. .* Interstate Power $7 preferred • Investors Royalty—*—... .1 Iron Fireman Mfg voting trust ctfs...* Irving Air Chute —1 Italian Superpower A 4* $1.75 Kansas Gas & Elec 7% Kennedy's Amer dep rets ord reg General Finance Corp common 5 7c preferred series A Fireproofing 1014 —50 series..— B___ Class 15 7% Mar 1 common Apr 8% Mar Electric Co Ltd— General J114 * Machine— International Utility class A 21% Mar v 68% 100 Alloys Co— 11% .1 America Industries International Jan 9 • common preferred— 38% Jan & preferred———.—100 Preferred Julian Gatiheau 3% Jan 16% 11% ,—100 preferred—-—. Industrial Finance v t c common 7% Gellman Jan 3 514 Mar Indianapolis P & L 5l4 % preferred-100 Indiana Service 6% preferred 100 Jan 800 25 > Mar 2% Jan 11% Mar 200 21 % 3.2% 15 300 13 15 Mar 300 3% 3% 12% 100 Feb 15 _1 * * preferred 1 25 Mar 1% ' Jan 1 . stock.. convertible common- 200 16 ——£1 Ireland Cigar 15% *_ 1 Malt participating (Geo A) 15% 4,800 : 10,000 — Hydro Electric—4 40 91% 5 — Distilling & 8% * Co..———...— Chemical Industries— rets regis— £1 Imperial Oil (Can) coupon— • Registered Imperial Tobacco of Canada..—..4—5 Ant dep International 350 66 89 1 Co Brewing Grain conv 66 10c preferred —* Co 3% 3814 7% Imperial International : ■ (Peter) 314 36% 314 — preierred convertible Div 37 8 Power Iowa Apr • Stock Indus Gen Ja^ 5 Apr * * Worth Franklin —£1' • Foundation Gen « Mar n 32 ... 3 __ Interstate non-voting 5% 2,000 96.' non-cot com__l Mar Canada— A $3 108 in * • Insurance Ltd— rets Common 5 ■ 1,700 9V4 18% Motor of 4% 238 8% 17% Class ' 214 ■ 1,000 8% Power Conv 2% 10 V4 18% Association Fuller 9% 1 Ford Motor Co $1.50 9% Metallurgical-—• Fedders Mfg Co Florida —1, Brewing— Fansteel Fox Jan 14 31% Mar —50 Aviation———— Fairchild Falstaff Fort Apr 700 25c common International Am Apr 9 Apr International Metal; Industries A Ford Apr 36 Jan 5% Rubenstein— Co International Fire 18'/a Jam 5% ■ Jan Co. Mining Imperial Electrographic Corp Elgin National Watch. Co $3 Jan 26 % 37b Stores common. convertible preferred 5 4 $6 1234 25 300 — Feb 37 t c v Washing $5 16,600 8% Sugar Associates— preferred Easy 18% 35 8% Feb 675 1,500 • .. Feb 34 425 • * Apr • America B Hummel-Ross Apr 33 $7 preferred series A $6 preferred series B $5 7% 1,600 -100 Eastern Eastern 10 _.__100 prior preferred... Apr iilu Mar 11 100 Dept Horn 2 * preferred 17% 35 10 25 (Harvey» Inc.— Humble Oil & Refining Lead— Feb Apr 414 5% Corp 54 Picher 11 4% Light Hubbell Eagle 434 50 Apr Paper.— of Heyden Feb Corp common— 300 11 Feb 67 — Hosiery Texas Apr 10 Duke Power Co Duro Test 9% .—25 Driver Harris Co Durham IVIar ♦ & Steel 574 5% 11 -- 45 27% —,—.—..5 Preferred ~5% CO Corp.— Draper 50% 20 Tea— Co..— Class A • Bridge Co Ltd— Jan 50% Jail 49 3 a Rayon voting trust ctfs—1 Brewing Co*.———.—1 Heller __1 common Mar Jan Electric Helena 40 1 common 8 • * common Truck Lamp Hecla —10 preferred 77c Diamond Divco-Twin Jan 100 H Hall 6% 7,200 common Apr 4% _7 Feb common Hazeltine 1,500 Products Co 90% 5014 preferred- 1st Hearn 114 Steel Vilbiss — common Jan 22% stock • ——..100 Great Northern Paper 25 Greenfield Tap & Die * Grocery Stores Products eommon__25c Gulf Oil Corp—.————————25 Gulf States Utilities $5.50 pfd—__—* Non-voting Hammermill 100 4% Detroit De Co Apr 104% -10 — Hat Corp 18% 1 Stove 39 Va Jan 27 Hartford 4 Mich Apr Jan —.1 —5 Pacific & Atlantic Great Harvard 1 Gray Iron Foundry Detroit 5% 31 400 Hartlord 1 Detroit Apr Apr 100 . Apr 33 900 Mfg class A common.... Jan 72 106% Mar' 25 "7 Mar 300 Dennison 1% Jan Jan Apr 15% 40 32 32 4 34 Dejay Stores ■ 16 2,300 18 14 ——35 Class A convertible Jan 5234 27% preferred—.—— Gypsum Lime & Alabastine Davenport 34 270 26% $6 Darby 1,800 72 * Grand Rapids Varnish lVa Mar It Jan 25 Inc Co M% Mar 7% .14 * common : Mfg/Co——-—50 Gorha m Inc 110 8 14% Apr preferred———————*. $7 Feb 100 1;% 15 58 25 8% Jan 3% 22 3 22% 114 Jan 39% 17% Consolidated 314 :• Apr 30 . 39% 103% * * class A. Sugars Goldf ield 24% Mar 3% 1% ■ • 10 Crystal Oil Refining common $6 preferred Cuban Atlantic Sugar >vi;: 74 60 103% 103% 4'"" * Coal Alden Glen Apr 714 * Milner & Co Cent Petrol (Md) Cork International A Crowley Jan 57% 3% • * . $3 3% 61 103 34 72; High 90 Mar 88 ■Jan 12.900 2014 21% * Liquidating Co Croft Jan 79 13% (A C) Class ,/B— 5 Petroleum—— • . Gladding McBean & Co 925 receipts (ord reg)—£1 dep American Gilbert Jan 2,600 71 Low 74 89 34 4% %. Jan "l% ~i% Range Since January l: High 4 57% . preferred $5 Apr 57% preferred——————;—.—* • Jan Courtaulds Ltd— Creole $3 common—1 & Electric Water Gas Gen 15% Mar 41 70 3 Shares pfd A—100 Georgia Power $6 preferred 37Vi 600 —1 50 common preferred convertible 57c 814 Jan Vl- 2,950 Co-_ * Cornucopia Gold Mines..]—————50 Corroon & Reynolds— .———^ $6 preferred A__— —— * Cosden Apr 9 & 100 Range Copper Apr Mar 10% 9 500 * * common 88% 15% Jan 76 100 * Varnish Co Cook Paint & Jan Jan 740 1 Steel Aj 1,300 ___100 preferred--—. prior Low $6 —100 10 for Week of Prices Outdoor Adv 6% General Sales Range ';; Par ■ pfd——100 preferred—* General Rayon Co A stock * General Shareholdings Corp com 1 $6 convertible preferred— * General Apr Continental Gas & Electric Co— Continental Roll .Ended April 30 Mar 5 Va Jan 3 Va I.ast f , lc Price High 41 Jan 31 1,000 5 la 4% —1 —, 8% Consolidated Week Range Since January 1 Shares Exchange Curb General & Smelt Ltd Mining York New Week's Friday STOCKS Sales • for Week of Prices .Sale Price 30 ; Range Apr 107 Mar Ken-Rad Tube Kings 5% Kirbv & Lamp A preferred D Products Petroleum 7% pfd B 11514 100 5 Co Lighting Kingston preferred Inc ...» 7% 12% 734 1434 Jan 300 6.14 Jan 1,150 514 Jan 119 Ms Mar 8 '/a 14% IOC 47 Jan x48 100 34 32 Jan 36 1 3 3% 3% 4 1 36 30 3.100 1% Jan 2,000 1% Jan Apr Apr Mar Jan 3Ma Mar 4 Mar 1 Volume Number 157 THE COMMERCIAL & 4173 STOCKS New York Week Curb Ended ■ '■ ■ Kirkland Klein Lake Co V/yV $•' Par Ltd— of Prices M.,/ 1 Low '■ % • common Sales New Shares Range Since January 1 High %• Low U (I B) Rubber Co Friday High of Prices Par li Apr Navarro 13 Va Apr .'13% Apr Nebraska Apr 10 Apr Nehi Jan Apr Nelson Feb Neptune Meter class A... Mur Co class A Kobacker Stores 1 Inc... Hoppers Co 6% J'U":' V. * preferred ~7% ■: ~7% ' 100 10 — 97% 100 Vb 97 98 450 convertible (S Hi 7% Feb 92 10 Jan 100% Mar "> f''?:•' Kresge Dept Stores— ————• Power 1% preferred 20 200 12% Jan 21 110 100 1st preferred 100 special preferred New 6% ■; 10 12% Mar — Corp 1st pfd Brewing 5% 5 % 1 Co 5% 400 4Va 13% Apr 5'% 110 20 104% Feb 110 500 l7a Jan Corp preferred preferred...... $2 New 5 5% 4 5 4% 22\'' 414 100 43 42% Haven New Idea New Jersey Zinc Clock Jnc RR Shore (N 100 J)__. Mines Ltd 1 Lakey Foundry & Machine———. Lamson Lane of Corp Wells Co Lane Class 1,800 ... , 14% Jan 2 Jan 4% Mexico & Apr 32 New Apr N Y Auction 10 9% —— " 6% ■ — — . • Jan 25 8% 12% 17,400 3/a N Y Y & N Y Lit (Thos J) Brothers Locke Steel 5 lnc 6% 10 Honduras Rosario 4% Feb Jan 5% Mar y /'• 14% Apr $6 Louisiana Lynch & 8% Apr % Feb N Feb Niagara Hudson 400 24% Jan 30 500 7% Jan 10% Mar V<r Jan pfd Corp 1st 5 7o 50 7a Jan 1% Apr 50 12% Jan 15% Apr 9 "a 5,000 6% Jan 9% Apr 27,300 IB Jan 2% Apr 21% Jan 40 Apr Nineteen Hundred •Jan 34 2Va 31 V'4 32% 38 33% 6 6 7 20 1,075 6V4 7 Va 8 Jan Class 19% Mar Apr Class A 25 % X27 Nipissing 6% Mar Noma Jan 8 Mar Jan 107% Apr Jan 26% S5 convertible preferred (The 400 18% Marconi Mig International munication Marine Apr 3 A 300 23a Jan 4'/a Feb Jan 74 Jan 28 Mar Johnson & Stores Merrltt B Nor Warrants . 6%% A . * 12% • common American 3% Scott ' Power Ohio Public Apr 125 Jan 145 " Jan 3% 3% Apr 6% Mid-West Midwest Oilstocks Jan 32 Apr 2 Jan 3 Mar 19 — ' Midwest 800 5 Jan Jan 1 Va 1,100 1 2 % 100 1 % Mar Jan 108 % is 100 4% Jan 1 7 Va 800 " 7V8 % 200 Jan 6% Mar Apr % Mar Va Apr 1 Feb 7% Mar 5% 5 53b 5% 6 • 1,600 x3 Va Jan 1V« 1V4 2,300 % Jan 1% Mar 8% 8'/4 8% 11,700 4% Jan 9% Apr 8 Va Apr 9% Feb 4% Mar 1,900 ♦ 5% Apr 6 % Mai- 19 50 Supply.. & 15% Jan 19 % Mar 600 25% Jan 35% 1.200 1% Jan 2% Mai- 2,700 6% Jan 8% Mar 134 - Mfg * ; pfd 8% - "• 14 . Jan 19 Apr Mar 2 • Light 7% 2 8% 8% __1 Mining Corp of Canada.. & 200 33 ■ — • Refineries— 19 32 33 • , 55% 2 Va 400 1% Jan 2-% Apr 1 1 1 100 1 Apr 1% Apr 1,100 50 Jan 53% 55% Co Public Service Mock Jud Voehringer Molybdenum 59% Mar 100 pfd..__100 108 108 10 10O:,4 * 7 7 300 5 Va common 2.50 common Corp..—— i Monogram Pictures 7% Montana Montreal 1 Society A Dakota Montgomery 1934 common 10 A_____.._ _» Light Heat & Power 18 7 2 1 Utilities,. Ward 1% 1% - 1 % , ' ' - 166 8 1,000 20 1,250 2 1% 300 167% 400 _V 12 166 • : * ; 30% — v;/ Jan Jan 108 7% Mountain City Copper common 5c Producers 10 Jan 11 Apr Jan 9 Mar Jan 17„ % Jan 1% Mar 53b 163 Jan 21 Mountain States Mountain States Tel Power Ltd 100 2% Mar 1% ; Jan 21% Jan 22% Apr 20% Jan 31 m 2.700 "l% Jan 6% 3,600 4% Jan 17% 18 250 12% Apr 12%/ 200 V 10% 13% 13 V '4 ~2% Mai"* 6% 11% * 9 100 Can National National National S3 Breweries 1. 18 Apr 120 Mar Jan 13% Apr 800 10% Apr 14 Vi Mar 4% Jan 10% Jan 69% Mar 57 National common Mfg 1 Apr » National Refining Rubber National Steel National National 21 1st For Union 800 Jan Apr |4 Mar 21 100 18 Mar 21 Paramount Motors Pen $1.40 50 52% Jan 68% Apr 1% Apr 4 Va : Mar 22% Jan 28 Apr 100 23 Via Jan 27 Mar 51'/4 Feb 800 % 53 Mar Fob 1% Feb; 4 96 96 104 4 V4 Apr Feb Jan 97 Apr 102y4 Mar 106 Mar 82 10 ,104 V4 60 6-r8 6% 7 Va 2.700 4V4 Jan 7% Apr 22% 500 16% Jan 227a A)ir Gas Penn Power $6 & & Penn Penn Water Pepperell Perfect Phillips class A $7 97V* 9814 925 8714 Jan Phoenix Conv Securities $3 Jan 113% Mar 103% Jan 108 — — —2 ■' YH'- Apr Apr 22i 8% Jan 10 3b 16% Jan 19% 51 1,400 •i-f' 250 48 Jan 51 Apr 112 Va 114 240 110 Feb 115 Mar 7% Feb 8 Feb '^•'■"22"' 3% Jan 6 Apr 100 3% Jan 6% Apr 19% 19 Vb 19% 50% 50% 114 ' -'v r U"' 4 % ■ ■ "•■'"22 "Hi222~ -22 *1:221:2%>:222 '■■•2' 6% •s?2 \ 6% : ApiApr 11 11 874 300 Governor Gold 33 Va 1,100 31 Jan 33 % 30% 100 $28% Jan 307a 105 Va 106 Va 210 102 % Jan 88 89 40 73 Pitts Bess L Si E ■ 5V4 Apr 17 % Apr Jan 84% Apr 3% Jan 5% Apr 6% Apr 13,400 17% 22' Jan 17% Jan 35 Jan 32% Mar Apr 32 % 9% 3,800 31 414 4Va 4% 141,4 13% 14 Va 50 Jan 28% " 15,500 6,600 3Va •• Jan 9Va 7 Jan VA 94 '95 90 — * 115 90 156 158% 57 Va 58% 113% 115 60 Apr 35% A))r V4 Jan 1% Apr 76 70 Jan 74% 120 Jan 90 Jan 170 150 250 51 Va 950 314 l 10 1 Meter 1,000 5 Jan Feb Jan 8% Jan 20 Apr Jan 53% Apr igra 18% 20 9,400 53' 52% 53 Vi 1,200 42% ~~ z Jan 12% lVa Jan 2% Apr 1,600 6 Jan TV- Mar Jan 8 Va 200 3** 38 Jan 39 Va 47% Jan 587b _lo 12',4 12% 12'/4 50 10% Jan 14 94 93 Va 94 % 2,000 84% Jan 97 3% 3 Va 700 1 314 2% Jan 8% 7.50 Jan 12% Mar 10 1,400 Alexander 5 7 6% 7 Corp of Canada * Co common 24 • L-, 24 % 12 Va Mar 1 Va Feb 93a Apr Jan 7 Apr Jan 5% Jan ,'rt *;1 33 Jan 19 350 Va 4,900 34 1 • Apr 43a 1,500 Mining Apr 3% Mar 14 Jan 13,800 lnc Apr Mar 5Va 1 Vr Gold Api- i • 1 834 25c ; Apr 5,800 980 common Lambert 6% 56% 25 Apr 7% 11 1% 71 8% 33Apr 1% 10% i34 8V2 & Mar 6% Mar 31% 100 8 '4 & Apr 31 Jan 4V'4 8Va 5 Powdrell 115 Jan , 55% Glass common Feo 58Va Mar 5634 common Sugar Apr % Mar —.50 Mining Co Potrero Apr Jan 4 32 V ♦ 50 2,000 32 • Ltd Jan 104 50 ~6% 8 Va 5% 96 % Mar 21'/a t] 25 • Apr Jan 2,200 ♦ pfd Apr 4% Mar 14% Jan ■ 58 1 Apr Mur 44 I20 l Apr 27% • Valley Wine Co Scale 4% Feb 14 16% 1 RR Plate Apr Jan GVa Mar 5% 1 Metallurgical.. lnc 89 Apr Apr Mar 3% lVo Pittsburgh & Lake Erie Pittsburgh Pittsburgh Jan 107 Mar 15% com Co Postage 11 33 Va 30% 25 common Mines Pitney-Bowes Jan 33!4 3034 28 common 26 Apr 13 Jan Jan 34 — Apr 34 Feb Jan 11 % Mar 12 Apr Pressed Apr Producers of Metals America of Nevada Jan 73a Mar iV Jan /a Mar Mar Anr 3% 1 ' 414 Corp 9914 Apr Providence 1 ...• Vt 53b V'4 5Va 14,000 5% 1,200 73b * Gas 4 Apr . Public Service of Colorado— L.200 314 Jan Feb 6% 1st preferred 1,900 63s Jan 11% Apr 1% 1st preferred Feb 40 Feb 914 Jan 19 VA Mar 7 Jan 8*4 Apr 11 Jan 13% Apr 2*4 Mar 2% Feb » 40 • 1(514 17% 200 10 __ 131/2 13% • 1637. 107 112 ■ • preferred series A 5% 30c Apr 20 111 j Co 11% Radio 114 Va Jan 72% common 514 Mines Jan ioo 10 A 12.50 106 lA 514 ; 5% Ltd 60 x preferred Prosperity Co class B— 98 113 % 113% 113% • Co Packing Pratt Jan Apr 2% • Electric Power 57c Prentice-Hall Jan Apr 97% 100 Co Philadelphia Co Premier. 8 pfd ; Power Circle Apr 100 17o Pilaris Tire & Rubber Apr 700 21% Jan • & Apr 2%. Jan 91 common Light Mfg 22 % 11% 17% 170 106'4 Salt Mfg Co Sugar Prop common Penn 4914 2% 200 25 preferred Feb 11 19,800 _25 A Elec Jan liVa 4% 2 Pa 97% Pennsylvania Edison Co $5 series pfd,* $2.80 series preferred • 15% Jan 4% 21 Va 96% 10 preferred 44 Va 9 4% • 1st pfd Pennroad Corp common......... Penn Cent Airlines common 000 500 07» Parkersburg Rig & Reel Patchogue Plymouth Mills—.— Peninsular Telephone common 11VB Feb 67V4 1 Corp.. » page Va 67 Va > Co 450 10% B__ Light • see 1 r, Jan . 1,200 • Service common footnotes Jan Jan ia 300 27 Pauteptc Oil of Venezuela Am shs 22% io%- & Page-Hersey Tubes 49>4 __ National % /37» 50 — common Elec Machinery & 500 28,200 7 8 15 preferred.. 19 Vu __ common Sugar Refining Tea 5%% preferred Tunnel 1 334 3 100 common Public $1.30 48 • Car /r 1 3% loo Pacific 22Va l National Transit National '/a pfd preferred 49 Va Pwr & Light $6 pfd unstpd—• preferred stamped ♦ National % 1314 Co 50 (Del) & Stores Apr 28 5 Gas Filters & II, 1 National $6 , Jan 1st Power Power National Fuel Gas National 10 common preferred Container 8% , 27 Lighting $5 preferred Plough — Candy Co City Lines common... convertible Apr 6,700 % Mar 25% 100 ... Pacific Pioneer Jan Jan 9 200 9 __ 17o Pacific Polaris Hess 12% 91 * common 1st Pneumatic Bellas Feb Jan 11% "l l Gas 5 V2 7c Pleasant National 103 Va 160 27 Securities Pacific Pierce N Nachman-Sprlngfilled Jan 97 » common lnc Overseas Apr 112% * 2% preferred Feb 6% Mar 171% 6% B preferred Natural United Omar Phila 31 100 Murray Ohio Mfg Co—. Muskegon Piston Ring Muskogee Co common..:... 6% v * common & Tel s Mar Apr 2 2 V« Apr 4% Mtge Bank of Col Am shs Mountain Apr 8 2,300 V Moody Investors partic pfd ' • 1 Monarch Machine Tool....... Monroe Loan 6% 28 25 preferred Service Penn Mississippi River Power 6% Missouri class $6 4Va% Pacific 6% 1% 10 Mining Jan 21% $3:: preferred— $5 Va conv prior preferred Parker Co Pwr iV Feb Jan 3'/4 Apr % Mar 6 preferred..* common,. Minnesota 11 Jan V'4 700 10'4 — l/i28 500 Va 6 97 ■ 13,000 34 5% 31% Mar 108 Products— Minnesota V:/ Apr 2 5 common & 5% Feb 1 Piping 1/64 Feb l'/a Jan 6 7« 8 Apr 600 6 7 85/g 108 Jan B Mar Jan 98% • ... .10 Abrasive Mid-West ■ 23 • Oliver ; 8 Jan 2% 1 t c Oil Apr 4 preferred Oklahoma 21 — 1st Feb 100 . 28 • $2 non-cum dividend shares Co Apr 62 O Apr 2% IV, ,_ , Midvale 72% Jan pfd.100 Power class A Ohio % — i',» Micromatic Hone Corp.. 1 Middle States Petroleum class A vtc_l Steel Jan 42 100 States Brass 13 1,500 2% 7% __ * conv 54 110 • preferred Edison Jan • 2% ..2.50 $2 800 61 Novadel-Agene .Corp.. Ohio 7% 8 15 ; Corp Apr 71 __50 Public Service 67o Apr Jan 30 3% ~ 7% 25c M.cbigan Sugar Co Midland Indiana 17c Securities Ogden Corp common — 1 — Michigan Steel Tube West Mar 3Va • — Apr Jan — .100 . Metropolitan Edison $6 preferred.. Michigan Bumper Corp,.—; Middle Apr 55 Jan 58% Apr ... Midland Oil Corp 107Va Jan 1% Texas Oil———5 Co 2 9.000 7 — .i v RR Jan 1% 145 3 2% • Textile Class B Jan 36% 314 Mar 2,200 13 141 * Preferred 102% 50 68V4 Mar i'o 31/4 class A..1 Corp Participating preferred.. • 120 78,400 49 50 Utility Central Penn 6 300 9% • preferred...^, 107 '/a 21% Mar • 4 1% 3 _ d preferred Messabl Iron Co Metal Rayon class A 17 4% ___♦ ; & Jan l common Jan 3% 1% B__ common.. Chapman 1674 58 34 • prior preferred North . Participating 300 3/b Jan 400 3% Merchants & Manufacturers Apr 20% 49 3% Jan 5 • Co 104 681/4 5 2 4% 5 I c. common Memphis Natural Gas Apr Feb 2% 100 ... Ohio Massey Harris 111 95 Va % Corp B 11 • t Jan '"*130 107 1 Northern ~ v Apr 10% Mar 2% Light & Power common__l preferred • $6 Api 26 • — 24 Com¬ .. McCord Radiator & Mfg Mc Williams Dredging. Mercantile 1 % * Steam Shovel,. Mass Utilities Association Mead Jan 57 ' Ltd Co % 3% ♦ Margay Oil Corp Marion 5,500 * Co 5 J/4 Mar Jan 1/64 ■: Electric North 1% * Co.— B) Consolidated Jan , Apr Apr 103 — 1 Va 1 2% 18 10% Mar •/ Apr Feb 3% 20 North Arner Northern Stores 250 ;//f" 102 5 Mines Jan 5 Va 6 7o 1% warrants '* 31 Feb 102 Va warrants preferred 2% — x27 optional 900 « 5 A 11,000 M Mapes V,: 22 33b Jan 2% , . Jan 1% 28 [ '4 100 Class B optional warrants Niagara Share class B common Class Manischewitz 68 Va Mar ' 2,800 /;) 100 Niles-Bement-Pond 550 1% 35% ■ 17% North American Mangel 57% Jan 1,600 3% Apr 10 preferred 100 1 common Manatl Sugar optional 64 7% 100 100 common preferred 2d 1% 1% 100 Light $6 pfd Power 19% ""lOO Exploration Power & 1774 Apr ,, shares 1 Y State Electric & Gas $5.10 pfd.100 Y Water Service 67* 15% • Land Jan 21% 100 1% • Packing Louisiana Jan Light 7% preferred—100 N 10,200 Apr 4% 13% •-*... /Founders , 104 Shipbuilding Corp— 19% 9 Feb Jan 100 — preferred. N Y % 'Apr • 15% 9 Vr Apr 11% 800 2% 10 /'■ Corp new common. —10 45 6% -- .....10 , Merchandise 15%. — Jan Jan 87% 20 Apr 9% 9 * 5 Long Island Lighting common 7 % preferred class A 67* preferred class B_„ Loudon 9 Vo 25 preferred common Chain Lone Star Gas 104 City Omnibus warrants.—. N Feb % • Apr 25% 1,825 --V7v Mar 17% 3V4 * common Apr 28% CM CO '• 4 61% 63 * Mar N Y Power & Feb % Mar 2"- 7% 4V4 Mar Jan 6% 1 . 6 T " 2% . —— 8% 9 Jan 1 17% 17 3 4 25 Land common Co • \ — -L ♦ lnc Feb ' » Material Co Lipton Arizona 101 i Feb 100 200 ■ -- 1 __ 3% *211 •• 5% fine • * ! Process Co 104 Apr 1% . 100 ■' class A—* Development (R G) 4% Jan 8% 3,000 3% 4% • Oil 3% ~.L * Le Tourneau 20% 1,050 1\'% 11% 3% 1 Bakeries Realty common Convertible preferred Lehigh Coal & Navigation 32 Feb 5 >4 9% 44 ' VB— Leonard 12 1 100 common Lefcourt 29% 5 preferred Langendorf United • , Delaware.. Bryant 17o 32 Co common New Lackawanna 100 /■ 7% Mar 200 v.;.L-: — England Tel & Tel New Apr * (Herman) Feb Jan High 20 ■ Kreuger Lake Low • Oil -Co Range Since January 1 High Low • England Power Associates Shares * Nestle Le Sales for Week Range Sale Price 30 4 • Week's Last Exchange April 9 Va 100 10 Corp common..., 4 % Curb Ended ' Kleinert Kress York Week Jan 500 13 Va 13',2 1635 STOCKS for Week Range Fast Sale Price 30 ■$/-%/2$ M Co Emil) (D Knott G Week's Friday Exchange April FINANCIAL CHRONICLE 3% 314 ... ~4% 2l)0 - 1,200 3 4 Jan ~6~ 100 100 104 Apr 106 Va Jan 109 Apr 114 Jan 1.200 101% Jan 112% Mar 16,400 45% Jan — Puget Sound Power & Light— $5 prior preferred $6 preferred. Sound Pulp & Timber Pyle-National Co common Puget Pvrene Manufacturing • * _* 5 10 111 6234 110 Va 111% 54% 62% 11 11 100 6234 Apr 13% Apr 10% Mar 8% Apr THE COMMERCIAL 1636 & FINANCIAL CHRONICLE Monday, May 3, 1943 NEW YORK CURB EXCHANGE STOCKS York New Curb Ended Week Sales Week's Friday Last Low Range Since January 1 York New for Week Range Par STOCKS Shareri/ of Prices Sale Price Exchange April 30 Week Low High Curb Ended 6% preferred Quebec Power 70 Jan 92 30 (SV Co—— . 146 Feb 156 Feb Low % Mar 19% 350 12% Jan 19% 16% 17% 1,500 13% Jan 197/8 Mar 7% 17 1 5%% convertible preferred Superior Port Cement class B High : 18 * Jan 11% 1% Jan 1 Machinery Ray Drug Co Sunray Oil • Range Since January 1 High Vi Jan • , Sun Mar 151 150 _—100 Co 2C Low Shares 5 Corp— Sullivan 88 86% Sales for Week Range of Prices Par (Hugo) Stroock • Last Sale Price High Stlnnes Quaker Oats common Week's Friday ft Exchange April 30 ~3% *37/a 49 3% 49 50 49 18,500 150 43 3% Apr Mar Apr Jan 49 • 12% Mar 14 Apr 15 8% Mar 9 Mar com Swan Finch Oil Corp— Mar R 1% 1% 1% 13,000 11% 11% 11% 50 % % 100 Radio-Kelth-Orpheum option warrants. —10 Voting common.. Railway & Utility Investment A— —10 Rath Packing Co. common , .—1. Aviation Manufacturing Co Dry Goods Republic ' Jan Jan 1% . 10% 4% 3 22,800 11% 900 9% 300 * Radiator 1 „, Rio Grande Valley Gas Go v t c— Tilo Apr 1 ,.. Y/ 9% 9 ■: ;'i;V Apr & Tobacco Product 11% ■fx 13,600 Petroleum Feb ■'.* 2% :'">y 91% Jan 500 Jan 11% Mar 108% V 0 CO 108% 10 4% 3% Mar /ft 102 Apr Mar 24 Apr 5 5% 600 J% Jan 5% Apr Feb 22 22 22% 500 17% Jan 22% Apr 5% 1,000 ' 'ft " 5% 5% W**:' ft'' 4% Jan 'ft* ... ft---' .—W •• Va ft..'"-ft : * Exports ; :/V;ft Stocks dep rets ord regis Amer dep recs def reg__ 4^8 4% 4% 5% Feb :v:ftfti:"-ft; Apr Jan 43 Wft.' - . 4V2 Jan Mar 50 ' 2% Feb 4% Apr 6% Jan 9% Apr 1% 2,100 100 • ; / V _ 850 2% 16 ^, Mar Mar Trans 4 ■ Jan 4% Feb Corp Tri-Continental 60'A Apr Trunz 22 Apr Apr l'-y Feb ... Feb 2% 200 3% Jan 4%' 4% 800 3% Jan 5 V* Mar ■6% 2,700 3% Jan 6% Mar 2 1% 2 Ya 17,200 ft Jan 6% Tubize ■ ■ lift ..—10 10 ' Aeronautical Co Consolidated Petroleum Ryerson & Haynes common Ryan .. : .1. • Ryan —.1 . 2% Tung-Sol Lamp Works 80c convertible preferred 1 ... 9 58 ft'ft-V //ft. 10 vii ft- 13 Apr % Mar " Jan. 10 Jan 62% 1% Jan 300 ft Apr '••v.ftV' 4% 6% 1,200 ■ ft/', lft. Feb flft 3% Mar < 39 750 10% 9% . Jan —: 9,400 62% 3% ,3%'ft ft 10% Jan 33 600 ■ 61 Jan 6% 4,800 % % ■ 1% 3,100 ... 13 11% % A——ft—......... ■ 2% ,. ft: Mar 112 Jan Jan Mar 105 Mar tV 500 ft^ft vluY'V' !/'/'• Chatillon Corp..— Class 2% 65 Mar 107 J feft 7m 13 warrants Jan 102 4'^ ,/ft'' •" • 2% ft -- • 53 400 *ft-ft/ -ft—'' " Inc — • 'ft,-^ '.ft. ■ftV ■ Lux 61 100 __ Transwestern Oil Co Apr 5% € preferred... 17% Mar Jan 4% 6 .ft' Tonopah Mining of Nevada 7% ...; 59 preferred 10 b -2% 6% Jan 49% . Edison Apr 19 58% 57% st-i'.-V. Toledo Apr ... — Sfl®: • 17 —- . « Shipyards Corp.. 100 2% Jan 1,200 17% 'ft:-: .... — Apr Jan 77/e 100 4% ■' • — _ — 10 17% 4% 20 >. Ave. 40 : -Vr 3';-; 3 * Royalite Oil Co Ltd Russeks Fifth 9% 10 1 Co Typewriter Royal Allied Amer Apr Va Jan 13 5 convertible preferred. $1.20 98% 100 5 Corp common Roosevelt Field Inc Root Jan 6% 1,100 Tobacco Security Trust Co Ltd— Apr 9V2 Jan - 1% Jan % • Pendleton Inc Cable Rome 17% 9,900 4 — — —5 Roofing Inc.———. Realty & Construction 4% Mar Jan 1,500 11% :"Ioo pfd common Tobacco 13% Jan 9% Mar .7 ' — — • - % .. pfd D— -100 Rochester Gas & Elec 6% & Light 7% Co Tishman -ft Mar Todd Roeser & Shovel 22% 9% Apr 27 .. ' . 11% 11% 9% Mar , Jan Y' : 4 4% ■ 1 V2 21% 2,800 1 «*' 2% Jan Power Thew 3% 20% HVa Texon Oil & Land Co 400 % . * ^ ■ Stix Richmond $ Texas Mar 10,500 % • Mar 51 1% 27 25 ; 19 1,200 1 Ya . % 50c Engineering- —.5 Reliance Electric & Rice 1% ;■ - •. — Foster Oil Corp « common common Jan 8% 8% 8% Technicolor Inc Mar 50 4 21 common Tampa Electric Co | % Mar —; 113% 250 17 Taggart-Corp Apr —- ~4 1 Co Roller Bit % Jan •v; 16% • Red Bank Oil Co Rlieem Apr 12 7%. Jan ■ ; - Manufacturing common- -50c Raytheon Reiter — » Raymond Concrete Pile common— $3 convertible preferred Reed 1% Jan aa ; . & Light Securities Railway Apr Apr 4V8 Mar Jan 10% Apr Apr U 1 ETdyllte Corp——St Class St Corp Ltd Lawrence Salt $2 A Regis T/o pref— conv Paper Oil Dome . Co... United Samson 2% 25 6% 6% 2 2 115 2% 12,800 6,300 8 2% Savoy Oil 24% 5 II T% ~1% ♦ Co Co 14 13% 14 common . Jan ~3Va Feb 134% Apr Jan 8 Apr 2% Apr 27% Jan i7« Jan • Schiff Apr Jan IV2 12,300 132 1 Corp common 2% 2% 132 132 1 Mills Sanford 1% Apr 50 5 „_100 common preferred 1% * Jan % Jan 500 12% 1,300 1% 14 Jan Apr Mar r::;02. Schulte (D A) Convertible Scovill preferred Lace Scranton Steel Co Securities Corp General———— Seeman Bros Inc 20% 1 _ Apr Apr 900 22% Jan 37% 200 25% ■ - 46 100 11% 1,700 44 25% Mar : Apr 52% Jan 12 Apr 1 Jan 2% Selby Co Shoe Industries Selected Inc 29% Convertible stock $5.50 16 ""% i Feb % J»n 1% Jan 7% Mar 13 Va Mar 33 Safety Controlclass B , 1 1 Seton Leather common Shavvinigan Water & Power Sherwin-Williams 5% 65% 65% 65 % 50 52% Jan 65% lG° ft ■ p+J,' 300 , », Sherwin-Williams Silex Co 15 89 1,000 Jan ft Feb 12 % 100 12% Jan 10 Ye Mar 13 % preferred convertible Simplicity Pattern 1 —100 common- Manufacturing Co Singer United Amer Sioux dep rets ord Co Ltd— regis City Gas & Elec 7% 175% Jan 2% 241 3% Mar £1 96 pfd. i .1 Mar Apr Sonotone Soss South Coast > 3% 900 2% Jan 4% Mar 3% 100 2 3% Apr i Corp 3% 3 Va 3% 1.500 1 Corp Manufacturing common. 4% 4 Ya 4% 700 1 common... Mar 101% Mar 3 * ■■■ 5 Jan 3% __ 1 Jan 2Ya Jan 3% Mar 1% 4% Jan Apr 3% 25 3% 500 2% Feb 3% Apr 45% 46% -10C . 2% Mar Feb 4% Mar ft; -"ft ft-.' ft' 5 1st $7 United l ——1 preferred non-voting • warrants——i-—.— ight & Power common A * class Common $6 1st B 10% Jan 6% Jan 14% Apr 6% Mar Amer 1 Ya 1% '/a 3,600 :ft3 :ftft 2% 120 % N 121.100 % ft Jan 41,200 16 ft V% Feb % Jan % Jan Jan , 50 3% 122 Jan 21% 8,300 37 10 300 40% Apr Va 14% Mar Jan 115 4,400 38% ft' 39%' 1% Jan /-ft V* 600 % % Apr Mar % Mar % Mar 44 i'z Mar Apr 29% Feb 37 Apr 80 • Feb 89% Apr regis J RR Canal Co & Sharing preferred 10% United Shoe 100 S Foil S Co — B and International 925 450 43 w—ft - 5 • Securities • • preferred 10 J U S Plywood $1.50 conv preferred 5 ' ft/ft 1 Apr 46% Mar Jan SVa 2% Jan 5 150 7% Jan 8% 3 2% 2% 60 : 8 ft Jan Jan ft ftiii-iftft 'ft ft-ft.ftft'/.ft Apr Mar Feb 1% Mar Jan 28 1.500 3 2% % Jan 700 9% 9% 9 Y* 1,300 72 ft ft;'. 71 Feb 4 1,300 -ft 1 lii 71% WW .* 69% Jan . 4 100 5 8% 20 — Feb 2% Feb ' 4% 4%ft —1 Reclaiming— Apr % Jan 63 46 —5 with warrants 1st preferred U S; Rubber 1 1 Graphite common 68% 45% 251% Jan 67 68% > 3% Mar : Feb 50 3% 25, class 250 3% 3% 25 common United Specialties common U 10 i'« .10 : Preferred ft U 251% 251% 25c Machinery Mai) 3% Profit S 3% 120% 119 Apr Apr Jan ^ Jan 10 ft- ■;%'• 15 67% Jan 67% Jan % Jan 37,700 7/64 37 —* —. preferred rets ord dep United United $5 12 10% Molasses Co Ltd— United U 200 15 1% • ... preferred.— participating 7,100 7/64 United Milk Products $3 10% * United Gas Corp common United Stores Wall 46% 500 37 % Jan 46% Apr 50c 72 . ft Apr 9% Mar 30 Apr 1,700 1% Jan 3% Apr 2% 100 1% Jan 2% Feb % 6,100 .* : 1 voting trust ctfs Pictures Co "5 Power & Utah Radio 16% % 17% 2,300 20 Feb 4% ) Feb 1 13 Feb ft; 9% Jan 25 % Apr ft-ftftftl ftft Apr Apr 5% 2 18% Apr Apr Apr 15 '" Jan 20 Apr 43% Jan 66 Mar 14% Jan 2 % Jari 2% 45% Feb 57% ' ft'/- 18% 2% 2% ♦ 57% 55% 4% 10c . 150 2% 18% —.l common— 3,100 57% 0ft 4% 1 64% 64% 1% 300 100 65 ft:ft:2 ft ft';/ .-ii/ft 75 19 Mar Apr Apr Jan 49 Apr 1% Apr Jan % 4% Jan ' •" W—': ; stock..—————1 priority 100 20 17 ft 1% Jan 11 100 1% 1% 5 Light $7 preferred Products Equities ft. 5 ;'; ft- 5 —.—.—* Sugar.. Utah 300 Jan iV. ft 4,100 common——...—1 Universal Products Utah-Idaho 3 13 .• Insurance.—8 Universal $5.50 2% 12% 10 . Universal Corp Utility 2% Oil Universal Cooler class A——. Class B Universal .1 m % 2 common Paper Universal Consolidated . Singer Manufacturing Stores— Cigar-Whelan United Corp warrants—— United.Elastic Corp United Jan Jan Jan Mar * 1 3 1% 3 1,900 • U S Radiator common 116 111% Apt Jan 1,100 2,600 9% * common U S Lines Inc 16% 92% 2 2 4% A ■ y ft 1 participating pfd Apr Feb Jan Simmons-Boardman Publications— $3 & cum Apr Jan 12% 12% Chemicals $3 Apr Apr 14 • * United 6% .'S common- Aircraft 4 2% Jan 83 50 Apr Apr Mar 200 'ft/ft 113 4 500 15 V* 112 'ft:' ~3% 90 x89 'Lj: 100 >'"• '* •>.' \ of Canada \ . 3V8 % fg Jan 3% Mar ''ift'l; 5 "3% ' • pfd series AAA cum 1, Apr 51% Jan . 25 common il Apr 9 Jan 400 — 5 Mining Denn 3 65% • Shattuck 1,500 Mar % Jan 5,800 8 16 64% __ Serrick Corp % ft : 7% 65 25 prior stock 50 3 1% 4% — Products United Feb 4% 16 . % 7% 5 Allotment certificates Sentry "%: 7 Va :: 7% ft. 1 common Apr Apr 800 ' "% 10 Union Investment common— ———• Jan 7 % 3,000 " • • Manufacturing Co Union Gas of Canada Option 17% Jan 500 2% . Jan 2r8 4% 10c : Unexcelled 29% Mar 2 2 1 Segal Lock & Hardware Seiberling Rubber common 44 10% 1% ft__. __ 45 • common Jan ;mit __ . __ Brook Water Service— * preferred $6 Scullin 37 Va % 27^81 27 "4 „. * i common-. Scranton Spring 33 37 25 25 * _ Manufacturing—_ Electric $6 preferred Scranton Cora. — l Yz'SL. 9,800 lYa 1% 1 common Realization Ulen 68% Apr ' 10 original preferred 6% preferred B preferred series C 1 5%% Colorado 7% preferred 'j WW • ' : 31 150 25 5% Southern 30% 28% Mar 31 Apr 40 " Jan 42% Apr Edison— California Southern Power 25 25 A 25 .• class : YA ... 1% —100 England Teleplione__100 30% 28% 1% 30% 100 29% Jan 31% 29 500 28% Feb 29% Apr Feb 800 % Jan 1% Apr 1% V Valspar Corp $4 common convertible preferred 28 28 Hew Stalil-Meyer Standard 9 6% Jan 9% 1,500 2% Co Brewing 2.78 Oil Standard Oil Standard Power & 1 % 23 Jan Jan 28 Light 3% 3% Apr % Apr Jan % Apr Wagner Baking voting trust ctfs ext..* 7% preferred..! — ——100 600 2% Jan 4Vs Feb Waitt & Bond % 3% •>8 • Jan 2 Apr % Jan 1,000 % Apr Walker 5,500 2% Jan 6% Apr Wayne 400 12% Jan 16% 2% 2% 200 Jan 2% Mar 15% 15% 16% 350 13 Jan 16% Apr West Texas 16% 900 12 % Jan 16% Apr West Va 1 * 16% 111 111 111 . 16% % 42 Vs Steel 5 32% 110 Jan 14,400 . 112% Mar % JanJan Mar % 700 1,000 6% Jan i\ 34% 11,600 T*g Feb 32 Mar 2,900 22% Jan 35% Apr 43 8% 50 1% : 8% % % ~8% % % fe 1 B 1 Starrett of Canada 350 Sterchi 1% 1% 300 % 1% (The) Corp voting trust ctfs—1 Steel Co Stein" (A) & Co common tt 16 V2 1 preferred Jan Jan ft Jan 5% 2d preferred 3% 4 1,000 20 8% 8% 8% 600 2% 2% 2% 1,800 .1 VA 1 Ya 1% 500 * page 1637. 4% 4% 5 375 Jan Feb 7% 1 ' 2% 35 .1 Sterling Brewers Inc Sterling Inc Jan 9 3% 50 see 1% 1,600 • Bros Stores 1st footnotes 80 9 72 W 300 Jan 4% Jan ft: 1 % Mar 30 Mar 5% Feb Jan 60 % Feb 7% Jan 9% Apr 44 ; 5% Mar 4% 400 3% Jan 8 8 200 5% Feb 8 90 90 30 86 Vi Apr 90 7% Feb 9% % Apr 1 4% 90 4% —* ——•' Apr Apr Apr Mar Mining Co. 1 Wentworth Manufacturing 1.25 ... Utility $6 preferred Coal Coke & Western Air Lines Western 13% Grocer Co A Jan % Feb 200 11% Jan 13 % Apr 2% Jan 800 3% 1 5% 8% 6%: 7% 8% 18,300 1,700 20 4 Mar Jan 104% Apr 4 Jan 6% 5% Jan 8% Mar 9 3% * 5 Inc 13% 1,600 98% % //.%•' .• 5ft Apr 9 Apr Apr % Mar 43 Apr 9% Mar Western Maryland 6i Jan 88 Apr • 14% Jan 18 Mar Westmoreland Coal 20 22% Feb 25 Westmoreland Inc 10 13 Feb 15 Western Tablet & Shoe 2 1 Mar Wichita Mar Williams Mar Williams River (R Ry 7% com Mfg Oil C) 1st pfd._100 Stationery 82% 10 1 Corp & 82% Co 5% 7% Feb Apr Apr 6 10 • Jan 8% 6 100 5% Jan 6 J/4 Feb 8% 8% 300 7% Mar 8% Jan * 6% For ; Knitting Mills. Weyenberg class 3,300 60 18 Apr Silver Lead Tube class A—— Class' B— 6% Standard Standard ..* % 16% 1 Spring— . % • , Co——.—— 1,100 % Products Co 50 W Aircraft 4% 3 Preferred 9% Feb Waco Standard •3** Standard 20 16% 100 class B Common 26 6% 10 pfd • Apr 2% 1,100 16% 20 (Ky) (Ohio)—5% ' Manufacturing 1 convertible preferred Standard 59% 10 preferred Standard Dredging Corp common. $1.60 100 % Jan 1,000 5 Apr 2% Virginia Public Service 7% pfd • Apr 2,100 4% Feb 100 5% Apr 7% Jan 5% 8% • Standard Cap & Seal common Convertible Apr 5% 26 * Inc . 9% % Corp 116 5% 8% dep rets ord regis Shoe Mar 8% —— Spencer 115 5% Phosphate Co———.——10 Line——_—»—10 Royalty Co 5 Spalding (AG) & Bros 1 1st preferred -— • Spanish & General Corp— Amer dep rets c-rd bearer——; Pipe Southland Amer 30 8% Southern Southern 116 116 1 Vogt Southern VA 1% .5 — Petroleum Venezuelan — Jan 6% Jan 1% Jan H Jan 2% Jan 11 4% Feb Willson Oil-O-Matic Products Heating Inc Mar Wisconsin Power 8% Mar Wolverine Portland x38 % & 9%, Apr Feb Woolworth Cement Woodley Petroleum 2% Light 7% 1% Mar 6 Mar American Wright (F W) • 1% Jan 1 9 Jan 4% Mar 11% Apr pfd—100 "3% 10 1 Feb 4% Mar % 6% 200 4 Jan 6% Apr 6% 6 Jan 8% Apr 2 Jan 4 Apr Ltd— deposit receipts Hargreaves Ltd 5s * 3% 1% ~3% 4.300 Volume THE COMMERCIAL & Number 4173 157 York Week Last Interest Exeh->nge Curb Ended Week's Range Friday BONDS ? New April 30 or Low Gas & Electric American 2%s f s s f s f .1960 deDs J-J • J-J 91% .2024 A-0 .1953 125 J-J .1956 23 J-J 1G7% 125 65% 66% 108% 125 126% Ogden Gas 109 Ohio 46% deb fM-' , 67 deb , 5s 1st mtge 3s 1st Public Service 25% 40 25% 13% 25% Oklahoma 301 13% 24% 25% 25 25% 82 80% 82% 389 72% Gas 1955 19G4 Park Penn Central without 5s J-D 108% 107% V: ^ ^ 107% . 2 108% 108 % 108% Convertible Bell J-D Af-N 6s .1998 1998 Q-F 6Vis .1962 1962 ! Steel Bethlehem Bickford's B C Inc Lt & River 19; Power 5s Pwr ■v \ • ■ •' 119 114% 116 117% V'r-: $150 ' — 115% $117 119 4%p *—»■ 3 103 % 104 Northern Central El 111 102% 104 1st mtge 104 105 33 103% 105 102'% 8 101% 102% Public Service of 1 103% 104% Public Af-N 107'/a 92 13 35% 35% 36 % 70 13 54% .1952 St Ry 5 Vis A—.——1952 .1955 series B ——1955 A-0 100 ■VV"': :4;V. 100% 52% 100 403 56 6s deb Conv ,. 3966 Jan 1966 5s Service $103 A-O 100% 45% 56 91% 5s 1958 A-0 5s 1969 A/-3 Service Cities & L P 1952 1952 5 Vis 5 Vis Connecticut Lt series 3%s & series Harbor Af-N 1st ref mtge 1st ref mtge 2%s ser Q (Bait City)— 3s P ser # 96% 1st 85 93% Southern California 86 93% Southern Counties 119 120% 109% 105% 108 101% 121 — , 2 '■■■; 5 103% 102 Va 103 % A-0 123% 122 F-A 91% .1955 1955 M-S .1956 1956 Af-S 87% 86 % 96% 95'% J-D Light 5s .2030 2030 123% 91'/a 6 ; 9 'V- 141 91% 80 80 80 Elmira Water Lt & RR 5s .1956 -1?56 M-S .1952 Af-S ..1954 1954 Af-N Federal Water El 5s Residential Finland 5 Vis Service Mtge 1st 79% 6 101 87% 102 79 96% 168 87% $ 105% !$■:' Coal 51% ■'V'. V , 95 96 Va J-D 119 Sl% 75 98 Vi Gas 13 57 78% 78 1966 J-D 79 % 78% 1957 F-A 79 1957 F-A 78% 1950 A-0 1946 J -J 1946 A-0 1960 J-J 87% 124 6s 6s Standard Power AStarreit & Corp inc 5s 7-4s stamped Certificates of 95 7-4s 98 Vi 98 Vi 2nd Texas 96% 6s 97 Vi stamped Electric Texas & Light Power Water Twin 5s 2022 Edison City Rapid Transit United 101 Vi Electric United Light N J A-0 110% 110% Indiana 1967 1953 1954 1956 May 1957 1958 Indiana —1950 5Vis Hydro-Elec 5s Service 5s lien & ref 5s f S deb 1st » AG Vis A 6 1st lien (Dec E A7s A7s A 5s 6s Debenture & Power Altallan 1941 coupon) Power Light 4 Vis 6s Superpower Jacksonville Kansas Gas & & A5s 94% 4 101 West 101 103 114 1 111 105% 108% 80% 86% 80 25 -';'V 18% 20 22 24% :;vr, .... 24% 6s Radiator Co & Metropolitan : ' • J-J 82% J-J 49% Af-S 106'/a J-J 4s M-S 105% 5 107% 109% 117 111 10 96% 21 107% 86% 47 85 10 111% 15 106% 62 96% 14 108% 109% 115 100 109 Vi 87 112 % 100% 109 100% 316% 117 18 98 98 116 1 117 98 99 10 95% 90 96 99 % 19% 22 % 285 4% 24 $108% 111 108% 109% $109 110 109 110% 5s 2030 A-O 107 108 102% 108% 1960 J-D 117% 118 110 118% 6s unstamped extended to 1959...—^ F-A $94% 6s stamped extended to F-A Electric Penn Penn JAYork Traction 5s 107 Newspaper Union— Rys Co 1959. 96% 85 Vi stpd 93% 53 74 74 1 63 % 74 1937 J-D 87 86 87 3 75 87 1947 5s J-D 87 85 87 17 73% 87 26 25V'4 19 26 ■' —'■ 17% 82 Va 36 Foreign Oovernsnents & iniiicipaliiies 25% 74% 50% 81 Va 82% 102 49 50% 51 lOoVa 107 Va 7 106% 13 16% 25 46 60 20 Va — 1 ■" 22 BONDS 108% New York Week Curb Ended Friday Exchange Interest April 30 Period 122 123 113 108% 109% ACauca 1957 J-D 108% 110% 59 60 28 107% 108 22 107% 109 2 106% 106% 106% 106% 125 $112% 113 109% 109% 109% 10 F-A 96% 94 96% $101 101% 9 86 % ' ' , " Af-N 1965 Af-N J-J 1943 1967 A-O 108% 108 Va 108 110 ■ 110 Va 5 $101% 102 Va 60% Af-8 59 r""* 60 Va 63 107 Va 108 J-D 105% 105% . 111% 100V4 101 Va Friday's Danish 5Vis $47% J-J Valley 7s_-.____.____..._1948 J-D Bonds $47% 18% 20% Range Since Sold January 1 Low High — 46 52 20% 14% High No. — 20% 1955 $46 54 Vi 44% 52 Vi' F-A $42 52 42 48 1952 & Waterways— 6%s stamped M-N 1953 5s J-J 110% 109% 6 101 or A-0 ... 98 100% ' Af-S Week's Range Last Sale Price Bid & Asked Low Danzig Port 1978 14 17 98% 100 21% 112% P & L 4 Vis 15% , J-D Vi Valley RR 5s Milwaukee Gas Light 4Vis - J-D $108 Vi 110 Vi AMidland -' - 1964 $122 % 1943 Minnesota 1954 debs Power A-0 G series - ' J-J Middle States Petrol 6%s 4s 14 18 26 16% 21 100% 99 Agricultural Mortgage Bank (Col)— A 20-year 7s April 1946 A 20-year 7s Jan 1947 Bogota (see Mortgage Bank of) E 32 12Va 32% 108% 109 A-O F-A Af-N J-D M-S J-J 1948 1947 1971 82 24 71. 24% 16% 1 Mfg— 4Vis Edison 4s 64% 86 F-A Af-S conv 82 78% 112% 112% A-0 107% stamped Mengel 65% 109% 109% 2022 A series Elec Extended McCord 177 — 1966 Electric 6s 82 79% 98% 86% 1966 2022 ..1969 & Light 3 Vis 65% 109 112% 60 Superior Dist Pow 3Vis Louisiana Pow & Lt 5s 54 $115 J-D J-D Lake 82% 79% 1951 Western 85% IT «> J— 24% 82% 65% 3%s West 114 Va 7 25 5 24% 65 107% 108% 9i% 1952 income Ry & 84 $22 57 66 6 Waldorf-Astoria Hotel— Water 84% ;V --4 82% 79% 79 Va $13 108 % 1944 4%s gen 6s Wash 107% 108 F-A lien Wash 114 107% 68 64% $14 J-D 1959 (Maine) A series 106 Va 83 M-N 102 82 $31 ; 1952 (Delaware) .5%s_1952 Rys 104% 84 5%s cons & -9 Va 8 102 96% 62 77% J-J 1965 Jersey Cent Pow & Lt 3 Vis Kansas Electric Power 3 Vis. Kansas Power 99% 101 r Utah Power & Light Co— 106% i 102 43 124 102 • 84 % J-D 1942 (stamped) Gas ••• A-0 1957 1952 1952 1957 1952 1958 1963 F (July Interstate Iowa coup) coupon) 1941 (Aug series A7s ' . F-A 1957 1941 1 101 Af-N 1955 1955 C series Vis 104% 47 106 Va 111% & Lt AStamped series A 7s 106 103% 104% " - 104% J-J 1952 1970 AIndianapolis Gas 5s A & L 3 Vis ^International Power Sec- 106 Va 106% 110% ' Af-S 19G3 Indianapolis P 106% ~2 102 69 108% & Power Co— Debenture A-0 106% 77% 1949 4s A-0 J-D 103% 52% 96% 111 Jan 1949 3 5%s F-A 1968 3%s 96 J-D 102 J-J 1979 5s Power 93 6s ser A 103 54 $107% 111 M-N 1956 5s A series Toledo Service 96 5s series C 1 69 deposit $94 Lt 1st 67% Industries— (Hugo) 1st ref 108% ■ 3d Stinnes 6s & 69 (Hugo) Corp— 96 Vi Pwr & 6s Light 111% 1st & ref 5 Vis series B 1 debentures gold Stinnes Dec 91 1st 104% 106% 103% 103 % 79% 110% 111 J-J 79 \y 75 91. 108"% v 106% 102% 2 A-O 6s 96 33/4s 105 103% 107 F-A Debenture $94 Power 107 1951 85 110% 110% Idaho A-0 103 Vi 2 27 105% 106 % 79% A-0 B M-S 1970 8s J-D series J-J Electric— & United Light & Railways 6s 104 103% 104 J-J 77% L & P Gas 24% ,—1966 Jan 1949 2 104 103% Rys 4s 19 Vi Hygrade Food 6s ser A 103% 103% —1971 Indiana 24Vi $23 Vi 103% 100% 103 (Calif)— United • 90% 100% 9 102% 103 1965 131 23 103 3%s Gas 80 56 131 85% 103% 1957 84 114 3 78% 102 % 90% 12 96 $80 79 108% 105% 109Vi J-J Af-N 154 89 A-O 104% 5 ' 97 96 110 Vi 138Vi 130% 88 A-0 1947 (stamped) Conv 6s stamped 51 % 93% $109 105% $60 89 A-0 3s 6s 107'A 31 96% A-0 May 1948 May 1948 92 51 1 70 $128 J-D . 68 105 9 95% 103% 106% 19 67 Va 4 95 Va 95% 4 19 17 68 2 34 : 89 % 109% 83% Af-S 106 107 82 M-N 96% 100% 106% 108% 109% 109 1967 6s 56$ Houston Lt & Pwr 3 Vis— 1951 Edison 78 5s——1948 11 Af-S 1952 5s Power 44 Investors J-D 1951 56Vi §AGuardian 148% 143% 1989 103 J-J F-A J-D y 106% 106% A-0 1979 6s '84% 1958 6s West & 105% 2022 15 101 % 101% 95% M-S Af-S —1945 Products Grocery Store Guantanamo .1952 mtge 3s Tide Alden Coal 4s-„———-1965 §AGobel (Adolf) 4Vis ser A 1941 Grand Trunk West 4s —1950 Great Nor Power 5s stpd 1950 Green Mountain Pow 33/4 1963 22 Standard 106 94% J-J Glen 107% 103 % 104% 105 Southwestern 104 107 77 108 103% 103% 123% 104% 105% 94% J-D 1978 111% F-A 2 ; 51% "-V.V •• A-O .1978 112 111 89% 1970 104 Va 104% 104% J-J Georgia Power & Light 5s 110% 89% Southwestern Gas & Elec 3%s_. 104% 104% J-D -1954 1954 -1969 —1969 -1953 1953 A Serv 5s Pub General 3%s 1'ower Gatineau $123% 124% •? M-S -1966 Florida Pow & Lt 5s 110% 111% $112% 114% F-A - -1961 Co 4s ser C 97% 1951 Bank stamped 6s-5s Florida Power •\ 106% 99% 123% 82% 12 103% 103% — F-A District 115 105 110% 93 J-J & Empire 108 108% 111 —.1970 California Wyoming Carolina Debenture Power 105% 107 % ._ 99 M-N . D Southern 5; 107 % 107 V2 __ series South 15 1958 1958 .1944 1944 Eastern Gas & Fuel 4s ser A Electric M-S Spalding (A G) deb 5s 3%s 99 J-D .1969 4s Water & Pwr 4%s 4%s Sheridan 93 .1954 1954 5s Packing Shawinigan 91% 91 Va -1976 mtge 4Vis Continental Gas & El 5s Gen Cuban Tobacco .1949 Estate 94 v Consolidated Gas Cudahy Real 92% ■■ ■ 109% 109% J-D 107% Jersey— Joaquin Lt & Pwr 6s B 84% $119% — J-D 1969 J-D — 84% 92% ' 105% $106% 103% A-O Scullin Steel inc mtge 3s Southern .1971 1971 36 105 3 103% 112% 112 M-N 1964 A 83% 90?4 - 30% 102% $108% Af-S Water 4%s_ 22 92 >/8 90% 92% 104% (Bait) & Pr N J-J 1959 B certificates 266 90% 91 J-D .1951 1951 A 7s Pr El Lt Consol Gas 90% 103% 89 i 90 % M-N .1949 1949 $109 112% Af-S 1956 4%s New perpetual 5%s Safe San 103 i—iH 96 % 89% 90 Debenture 100% 96% J-D Debenture 104 $104% 107 M-S .1950 1950 5s :£ 101% 106% 106% J-D F-A 10 30 40 104% 105 J-J 1950 Indiana of Service ASchulte Cities 102% 103 $35% 104% 38 F-A Cincinnati 102% 106% 109 100% 101% Queens Borough Gas & Electric— 37% M-S .1927 1927 5s ctfs 1 Af-N —1970 , 7 .97% 105% 36% 100% Rys 85 % 1 35 % J-J § A Chicago 21 97% 107 35% .1953 1953 5 Vis Central States P ft L M-N 110% 108 101 J-J 1977 Sinking fund deb 4s J-J .1954 1954 A5 Vis 97 % 107 * _. F-A 1964 i 104% 104% J-D 1955 110 107 ..101 Co— 3%s 102 105 Af-S 1948 1948 5s 110% .—1961 M-S .1964 1964 3%s Elec 109% E 5s J-D .1953 1953 5s Power Gas & States SACentral 16 108 4%s— F (Can) .1954 1954 5s : A-O Public Service Co of Colorado— 6% Canada Edison Corp 108 F-A extended series Power Coke & stamped » ...1948 ; Gas 106% ' • 109% Philadelphia Elec Power 5%s_—_1972 Philadelphia Rapid Transit 6s 1962 119% '• F-A Pennsylvania Water & Power 3%s_1964 108% $106% 107 % 106% 100 Vi .1970 2%s Edison Boston $115 V3w'J-; A-0 -1968 ...—1968 Birmingham Electric 4Vis Broad Af-N 1979 Potomac _1957 1957 .1960 series 5s M series 119% 118 81 109% 107% 108% of Canada— Telephone 1st 5s 119 107% 105% 5s Portland Af-S .1950 1950 6s $107% 108% I 99 Vi Baldwin Locomotive Works—• 115 Va 54% 8 106% J 100 20 107 115 Va 81 112 105 __ 80 High 111 ■ 2 108% 109 Water 5s 3Vis warrants $115% 81 Low — 105% 105% Power & Light 5s Lexington 1st mtge 3s 1st (B. F.)— & Sons Avery $107 J-J M-S 1947 4Vis— Atlantic City Eiec 3Vis Light 106 A-O Pacific 25% 83 J; ,14 14 Power & 25% 12% 63 113 A-O 25% 24% 106 Aug 1955 Oklahoma Nat Gas 3%s B 272 25% 25 January * 1962 25% ■ $111 . No. 1968 4s 24% A-0 Range Since Sold 1971 24% F-A Bonds High 105 -- F-A 1945 . ' Atlanta J-J 3 Vis mtge 25 14% Friday's I-$\ "»>• ,y- 1st 24% M-S or J-J 1969 24% ——1968 & T deb 5 Vis A J-J 1954 25 5%s_—*——1977 1955 5s ADebenture AConv Assoc T V? 2004 —.—1948 5Vis Af-S 1950 Week's Range Last Sale Price Bid & Asked Af-N 4s.. J-J F-A 1948 1949 4Vis deb 5s AConv y> Power Ohio 4%S deb AConv 1964 y! 1st 3%s series A SAssociated Gas & Elec Co— AConv Utility 106% 187 'V Cont'l 107% ; 2 Period Northern Ind Public Service— 92% 59 107% 108% 65% Nor 102% 88% 13 Interest Gas 3%s & Westchester Ltg Debenture 5s 110 96 Elec & N Y 107% 107% 92% Friday Exchange April 30 Low 104% 105 110 107% 107% y *J-D .1970 103% 2 102% 102 Curb Ended High 3 109% 109% 102% M-S .3961 .'"V- 107% 107% J-J .2016 4 103% 104 J-J .1950 debs 3%s Low York Week N Y State 1970 3Vas No. High New Range Since January 1 Sold Co.— debs 1637 BONDS Bonds Friday's Sale Price Bid & Asked Period „ FINANCIAL CHRONICLE 49 60% 2 105 Va 108 % 4 103 Va J-D 109 109 4 107% 109 Mississippi P & L 5s Mississippi River Pow 1st 5s 1957 1951 J-J 1G6% 106 106 Va 5 103% 107% Af-N 112% 111 112% 15 111 1943 F-A 100 100% 101 10 98 101 AMaranho (Peru) 6%s stamped_1958 M-S 1958 7s J-D 1 16% M-N 1951 7s AMedellin $10 16% stamped Alssue of May 1927 Alssue of Oct; 1927 $33 20% 23 io 35 17% 20 10 io 11% 15 16% 35 16% 13 23 32 23 35% 1947 $35 % Af-N i 113 Nassau & Suffolk External Mortgage Bank, of Bogota 7s 106 Va 1955 A ALima City 1st & ref 5s : Nebraska 6s A Amsterdam Elec Gas 5s 5s Conv 100% 108 % 108% 8 108 8 114 43 97% deb 5s Orleans AIncome Public 1 112% 60% 60 Va 62 29 49% 60 60 Va 61% 15 50% 61% 50 J-J Va M-N 60 de ARussian A5 61Va Af-N 113 — (State) Janeiro 60 61 Va 108 Va 108 % 62 10 1948 A-O 92 91 % 92 68 J-D 92 Va 92 Va 93% 47 1949 J-D 107% ■ Cash : —w . 35 : • 49 Va 33% 33% 28 Va 12 35 18 20% 45 49% 1 22% 34% 28 Va 2 17 30 ~4 4 4»4 80 2% 4% 4 4 4% 91 2% 4% 33% value, x a 93% 104 106 J-J Deferred delivery sale, d Ex-Interest, e Odd-lot sale, n Under-the-rule sale, Ex-dividend. Abbreviations used no sales being transacted during current week. above—"cod," certificates of deposit; "w 1," when issued: cumula¬ certificates; "cons," consolidated; "cum," "M," mortgage; "n-v," non-voting stock; "v t c," voting trust "w w." with warrants; "xw," without warrants. tive; "conv," convertible; 105% 105% J-D ^Reported in receivership. 92% 82% sale, 1919 1921 j. $Friday's bid and asked prices; ABonds being traded flat. 109 76% 6Vis Government %S ♦No par r Service— M-S 1959 62 J-D 1961 Nov 1958 114 Va 113 M-S 1954 6s series A 7s 6%s A Rio —4. „ 47 Va — 101% 26 J-J 1950 England Power 3 Vis England Power Assn 5s J-D 117% 100% 101 Va 1972 $22 J-D 110% 12% 1948 Debenture 5Vis New A-O __ 8 115%, 115% 108% 25% 1947 & El Assn 5s 5s New M-S 25 Va 1948 New Eng Gas New J-D 1956 4Vis Nevada-California New 1981 2022 Power series F-A 1931 AParana Ltg 5s SANational Public Service 5s ctfs„ 1978 $35 Va A-0 AMortgage Bank of Chile 6s Mortgage Bank of Denmark 5s THE COMMERCIAL 1638 & FINANCIAL CHRONICLE Monday, May 3, 1943 OTHER STOCK EXCHANGES Baltimore Stock Exchange April 24 Friday V' Arundel 1st —* ,/-% 17% vtc—• 1.95 Corporation Transit preferred Co t v Elec Gas 4 Va '/o Low common c - 100 _ 9% 16 428 1.95 827 Jan 100 '*•%_. 116 116 10 114% ———20 131 131 131 75 125 preferred B 19 Mar 1.95 Apr Jan 9 57% 36 62 12% Jan Jan 62 % Mar 116% Apr Mar 131 Jan 38 Feb Jan STOCKS- Abbott Laboratories Adams Co (J D) Adams Oil Advanced Mfg Alum Fidelity & Guaranty Fire Corp—;—-10 Finance Co of Amer Class B ._•_: —-5 — Guilford Realty Co common Oil Houston Mercantile Mt Trust Co Amsterdam Mills pfd_ 100 2 Oil Co———-25c Fidelity & Guar S 9% Jan 50 9% 50 1.10 22% 210 14 •> 50 77 25% 486 22 46c 215 35c 32 32 32% 82% . 1,065 Jan 9 % Apr Apr 1.10 Apr 26% Jan Jan 46c — 9% 1.00 Mar 68 230 82 25% 50 Jan 9% 25% ' 1 35 % 2 • 26% 230 ' '• 9 % 1.10 26% — —.50 Casualty.—. American 9V4 ■'}%% ;%>- pfd- —25 44 37% 9% ■ --1 vtc Texas Vernon-Woodbury New North U of 37% ' —.v . «..5 A common Apr 230 Apr Jan 29% 84 Apr Jan 26 % Apr 46c Apr 32% Feb Mar Jan Allied Castings Allis Laboratories Chalmers American Armour Aro & Asbestos 5s series A— ; 1975 „—i.—_ 52 — 52% 60 __ 60 % $17,000 49 Mar 54% Jan 6.000 55 Mar 60% Api Co Associates Athey Sales Last STOCKS— Week's Bendix Range Sale Price Berghoff American American Tel 3 100 Sugar Refining American Low 1 _ Woolen 148% 5% Bird & Son Boston & Boston pfd-- 28% — & Maine —' :——; 6% preferred stampedclass 1st A class & 148 % Apr Prior lien Jan 7% Apr Preferred 24-% 463 31% Jan Apr South Central States 9 151 81% Prop Trust Jan 30 Apr Chicago Flexible Jan 67 Mar Chicago 17% Apr 5% 3 : ,v 5% 6 5% 5% 5% Jan 5% Apr 6 Copper 31% Apr Cities Service Co. Jan Apr Club 1% Jan 7% Apr Commonwealth 2 Jan 5% Apr Consolidated Biscuit Eastern & Gas Fuel Common 4% % 6 % class Eastern SS Lines Employers Group Engineers Oil National Corp Loews 5% Util New Pacific Shawmut Stone & Union Co Twist United Drug United Fruit Waldorf Warren (S D) Apr 23% 23% 40 19% Jan 24% Apr •i" 9% Cudahy 9% Apr 7% Apr 2% Apr Packing Decker (Alf) Mfg Income Eastern Maine mtge Deere 350 2% Jan 4 Apr Diamond 98 Jan 110 Feb Dixie-Vortex Co class A. 25 Jan 38 Apr Mass Jan 12% 3% 4 105% 106% 38 11 A 80 38 110 12% 2,200 360 10 10 10'A 38 38 38 32% 33 6% 7 8% Mar & — Co T ... 19% Mar Jan 19% Api- 90 20 83 Jan 96% Apr 20% 200 17 Feb 20% Api- 15% 15% 15% 100 11% Jan 15% Mar 75 75 20 42 Jan 35 34 % 35 415 26% Jan 75 Apr 36% Mar 14% 15% 100 9 Jan 11 Apr Eastern 39 Jan Jan 34% Apr 2% Jan Electric Household Util Corp Elgin National Watch Co i 31% Jan 7 Apr Air 38% Lines Inc 30% Jan 38% Mar 4 Jan 8% 2% Feb 3% Apr Four-Wheel Fox 4% ';■* 15% 15% 35 Feb Apr Gardner 1.% Feb General Finance Foods Jan 35% Apr 15% 3 Feb 5% 6% 32 27 30% Jan 35 Mar 112 6% Xl4% Jan 16 Apr 45 45 1,183 2% 590 Jan Jan 12c Jan 70 45 12% 54 1% 35 % Jan 6% 32 1% 45 Denver Amer General Co Goldblatt Bros, Goodyear Gossard Tire & Co Y) (H Apr Lakes Dr Inc 5% Apr Houdaille-Hershey Apr Hubbell Apr 105% Apr 23% 24% 140 29% 29 % 30% 1,214 1% * * * 5 1% 12% 9% 31 31 12 12 10 32% 32% 12% 61 % 60% 62 25 68% 66% 68% 45 ■■■ .100 50 80c Apr 99c Mar < ." 250 CD CO 1,045 137 Jan 27% Mar Jan 32% 66c ■ Jan 5% 29% ■■■ Apr Apr 7% Jan 37 12 % Feb Apr Jan 47 42% Jan 46 39 40 396 25% Jan 40 Apr 47c 700 23c Jan 48c Apr 35 90% Jan 215 7% Jan 90% Jan 11% Mar 18% Apr 4% Mar 16% Mar Jan 44% Mar 37% 38% 49 % 50% . 50% 0 2 Jan 61 34% Jan 40% Mar 1,033 44% Jan 51% 3% Mar class 4% Jan 8% Mar 50 4% Jan 6 38% 250 25 Jan 11% 200 10 Jan 18% 18% 160 36% : 8 5% 11 % •VW— '• 19% 500 17% Jan 9% 9% 100 7% Jan Jan Apr 12% Mar 21 Apr International 300 6 31 20 25 Jan 33 12'A 10 11% Feb 12% Apr 10 Jan 15'% Apr 15% Jan 19% 8% :• 14 15 5 common; — Harvester common $6 preferred Power 8% 19% 19% 50 1 1% 1% 245 .« 0 ;~w:\ lil Jan (W B) Co Apr 1% Mar 13% 15'A 808 23 300 19 Jan 23% Feb 16 % 125 11% Jan 16% Apr 5% v 5% 100 4% Jan G % Feb 7% Jan ■V: 15 % Aor 70% • 68% - 71% 90 63 Jan 73% Mar 67% 68% 291 57 Jan 70 4% ; —0 capital— Apr Apr 15% • 16% __1 265 8% 23 15% 0 * * 10% Mar 31 - ^• B—-——0 Inland Steel Co capital > Apr 38% 12% - • Illinois Central RR common..—„100 Products :i:;- 9% 0 c Apr 7% 5% ' 0 .1 Katz 45 198 3% Jan Kellogg Switchboard common.——0 Kentucky Util Co Jr cumu pfd—50 Jan 93% 1,550 14 Apr 68% 92% 41% Mar 37% Apr 29% 16 Feb Jan Mar 100 10% 69 20 4% 4% 6% 15 240 33 Apr 18 550 200 1,200 Jan Jan 18 11% 18% 3% Jan 60% 9% Apr 4'A 10 1 Jan 9% Jan 3% Jan 5% Jan :• 12 200 12 Mar 4% Apr 12% Mar Apr 63% 100 15% 16 % 12 % 900 9 Feb Feb 1% Mar 1.585 100 9% Apr Apr 30 42% common—25 Indianapolis Pwr & Lt common. Jarvis 9% 33% 4% com..—— Hupp Motor Car common..—. Interstate Jan Dk Independent Pneumatic Tool v t 45c .'—'i* ': 1 • Jan Jan 19 625 32% 32% 2% Mar 23% 280 11% __ 140 * Harvey Inc common Lndiana Steel 24% 50 i5c: 37% 11 18 • common— 10% % 24c 37% 6% Jan 3 Yu Hibbard Spencer Bartlett Jan 20 6% Jan 16% Apr Jan 4,245 250 23 41% Apr 6% 79c 14% 18 10 common common— & 3% 36c 24 3% ^ Harnischfeger Corp common——10 Heilman Brewing Co gen capital.—1 770 35c Jan 500 Apr 343 71c 21 200 6% 1 common—4. Rubber common. 9 V4 71c 24 5 common Inc, 5% Jan Api- 14 —0 Corp 8% 86 38% 0 common.— common—..— Motors 5% 90 Jan 350 1 Corp common 9% 301 31% 14% 5. ... Transport 5% 103% 104% 20 27 10 1 104% Apr 37% 6 Gillette Safety Razor common,. 5% Mar 95 32 1% 13% Apr Mar 122 Jan • —0 common—— Co common 15c '■% 4% 35 Mar 10 26% '.LL ' —1 Auto— Brewing 75c 28% 6 38 1,000 24 5 20 13% 37% 15 common Drive (Peter) 200 708 Apr Apr 40 12% —1 common— 4,246 60c Inc 16% 40 40 v; Apr Fuller Mfg / " 13 Eddy Paper Corp (The)—• 27 % 243% 33% • „0 ——.. 100 1% 32% common—.2 455 55c 1% * Car Motor Apr Jan Jan 100 Apr Apr La Drug Apr 20% Mar 100 Co 1 common Ext Univ Salle Co common.... $3.50 preferred 4% 6% 45 " —5 common Libby McNeill & Libby common Lincoln Printing — 1 Va _7 0 6 u2 Loudon Packing common 0 Field 13 McCord ;v;; common — McWilliams & Mfg Dredging 50 100 10 common 41 Jan 4% Mar 7% 46 Apr Apr % Feb 250 % Jan Apr 1% Mar 100 9% Jan 16% Mar 1% 50 6% 4,250 1% 13 5 Jan 1% Mar 7% 4 50 2% Jan 4 % Feb 9 9'A 200 •7% Feb 9 % A pi- 6% 6'A 650 2% Feb 6'% Mar 835 14% Mar 13% 13% 33% 33% 20% 19% 21 320 12 —0 Co class A 0 12 12 100 Corp common Rad 4% 6% 45 4 9 • Marshall 6 % 1% ''"L— ' 0 Lindsay Lt & Chemical common—0 Line Material Co common —5 Masonite 9% 20 10 Jan 32% Jan 37 % Mar 13 Jan 21 Apr 9% Jan 12 Apr 1% Jan Apr Merch & Manufacturers Sec- RR— series A 1970 51 52 $4,500 40% Jan 54 Apr Ry— page 1643. 1948 104% 104% 4,000 103% Jan 104% Apr A 1 common— Mickelberry's Food Prod common West Corp capital Middle Midland ..... see Jan 10% 20% 100 —... common 38 22 36% 50c 1% 5 25 4%s series A... For footnotes 14% 20 Apr 0 Street 220 90 Dodge Mfg Corp common—.—-—0 5 4%% 19% 18% Cohn— & Apr Preferred Api- 20% 1 conimoiu Apr Class & ,•;/: Apr 2% 18% 30 common Rubber 11 18% -' 7 '/c cumulative preferred-..-.100 Cunningham Drug Stores ——2% Bonds Boston 25 common Apr 59 2.50 Westinghouse Electric Jan Mar 100 Co Jan 1% 16% 33 % 100 Ry Co. 7 20 22% 5 Inc 1,220 2% Jan * Mass 10% Jan Jan 100 System Jan 4% Mar 16'% 15% 0 Jan 10 Vermont & 24% Jan 10% Great Tunnel Jan 2% 10'A 10% —50 common 19% 100 * & 21% 1.100 120 pfd partic shares 42 U Metal 5.700 4% 2% 131 * Rubber Apr 24% 4 % B..— 165 25 S Mar 2% 560 class c 33% United Shoe Machinery Corp 6% cumulative preferred Utah Apr 9% Feb 15% 20 — 76% Jan 1% 22 3» 3% Co Jan 3% 300 21% t c_——1 Inc 67%. 2,450 2% 24 % 24% 270 9 2% 15% 3% Drill Apr Container Corp of Amer common——20 307 (The) Apr 15% • t v 57 % ——25 Jan 46 Jan Continental Steel 1,784 Webster Inc Torrington Mar 11% Apr 8% ..... 74% 42 363 Apr Mar 8% 9 •■—•—• • ; r sh pt 32 * Assn. 72% 108 y Apr 36% Quincy Mining Co___ 74% Jan 14% 7% ; 15% 72 104 20 46 14% Jan 30 32 0 RR 50 45 1 56% —— Pennsylvania 65% 71 % 104 15% 25 common common 32% Assn Inc Mills 44'A Feb 35% Colony RR- Jan Jan .—* North Butte Mining—_—5 Old 38% 1,150 Mar 11% 35% & Hartford RR N H Mar 23 • England Tel & Tel— Y 4% 120 Horders N 71% - Feb Jan 43% 104 • 19 11% 2 11.350 . VflTW: Apr 290 0 — 71% 104 0 57% ...—.100 Narragansett Racing 42% ' Jan 14% c Dayton preferred———50 Nash-Kelvinator 42% 4 Jan 9% 32 • Mergenthaler Linotype 3% Apr 17% V t Jan 15 v 3% 3% 9 11 Apr ——* Associates 80 200 18% 11 8% 7 100 preferred Mass 7 Apr Jan % Maine Central RR common—, 8 Apr Apr 46% 2% 85 Theatres Boston % 104 701 1% common— Jan Jan 6 % 1% ■1% .... (Del) cumulative 6% 67 18% 10 _ Corp Co— General Lamson Jan 92% 26 Common * ... 70 Mar Consumers General Copper 330 Feb Mai- n 30 * Kennecott 14,150 19% 83 Consolidated Jan Royale Copper— % 45% 104 Feb Jan Jan Apr 4% Class B Isle 69% Apr 3% Bakeries class A 15% 100 700 Apr Mar ' 42% 7 5 100 % Apr 8% 25 Apr Fairbanks Morse Hathaway Jan 7% 369 Gillette Safety Razor Co 20% 7% 7 1 General Electric 19 Jan 6 1 Stores 16% Mar Feb 5% Jan Eversharp First Edison Jan 11% Jan 6% Service 18% !A 42% 5 1 common 12% 50 1% Jan Association Public Apr 3% Mar 4% Mar Jan ; 17% 1,486 78 % ___• 100 — Jan Jan 100 18% 104 1% 13% 32 B——100 — Apr Mar 3% 6 % common Preferred 5% 33% 40 18 5% preferred adjustment 16 19 76 % 0 common Utensil 50 300 ...5 common.. 3 24% • 100 preferred 13 Feb Jan 5 % Eastern Mass Street Ry common. 100 6% 1st preferred series A—_—,.100 6% 50 7 Jan Jan 50 105 prior preferred-. 16% 4% 4 26% 39% Mar 175 8% preferred 100 150 Jan 5 % 8% ; 6% 34 5% Associates— .... 400 Feb 5% 8 "2 —♦ Apr 5 % 5% 8>A Co Range Feb 9% 500 com.—50c Chrysler Corp common Jan 1% 28 15% Jan 24% Light pfd—0 Shaft 8% 355 19% Jan 5% 8% —... Alum Jan 13% 8% 1 2% —;i—10 _ & 30 .—5 ... pfd common 33 4 16 XT-'---. convert preferred——.0 capital 0 Chicago Yellow Cab capital—. * Common Crane Co Service S6 Util 859 5%29% Mar 250 5 % 16 Towel Jan 3,724 Apr 8% . .30 preferred— 14 5% 100 Calumet & Hecla Cities Corp Convertible Feb 6% 6 350 38% 19 i- I „iq Chicago Corp common Burrell 24 —•—- RR—— Power Apr Apr 1 Va Jan 16% 5 . Co common- 12 95% Jan 33% common..-..__1 Cherry Jan Jan 450 9 3 Apr Apr % 5% •: 10 West Apr Jan 33 % 2% 32% • l _ Serv 112 62% 100 Providence & 75 Jan 165 3 pid stamped—iuu 1st preferred———100 Boston Personal Boston 104 808 27 - 5% — 29 100 1st Stamped 37% 6% preferred--..——.^.—0 —_J._ • ; ...• 17% 100 C class D 38% common——.10 Central Jan 100 M) 65% —__100 Stamped 10% 14% 1 : Mar 13% Mar 3% 600 19% 8% l preferred (A 28 8% class B 1st preferred———100 7 Ve 18% 14% 8% 5 32 Jan 640 14% ; % 2.635 5 — Apr 4% 6 % capital...—.—0 Pub 127% 5% 5% 19 %\ common J) conv Co 5 5% ° . 17% stamped——100 33 % 10 common 64% 10U pfd capital ...• 29 .. prior preferred 100 common———0 Secur RR—• 7% 33% 1 15% Wire— 65 .100 Ry.— Traveler Corp 33% Illinois 20 94% 250 Illinois 2,923 11 %» 1 % Central v8 29% 1 % Central 26% 112 93% 94% 25 Elevated Common stainpeu 5 </« 112 100 Albany RR & ►—4 O O 11% Boston Herald Boston 1 Inc Edison Boston i Jan Jan Chain Belt Bigelow-Sanford Carpet 6% Apr Jan common. cumul Jan ./ Apr 6 Jan 3 10 Corp (E <E L) 17% 144% 148 7% 50 3 147% 128% common & Bros 38 24% * Anaconda Copper High Jan Apt' 932 : 7% 24% Tel & 3 10 36% 1.400 Range Since January 1 Low 3 Jan 3,300 Corp Fence Bunte . High ■■■ 25% 5% Co capital— Sons & Bruce Co Shares 251 15% common—.. Brewing Warner Castle Par Alles & Fisher Inc of Prices Apr 34% 147% common Butler Brothers for Week 17 14% Corp Aviation Common :f 13% Mar Jan 5% Brown from official sales lists Friday Jan 12% •5% . Brach April 24 to April 30»both inclusive, compiled 11 •-•"•% Binks Mfg Exchange 150 200 145 4 Co Apr Jan 550 16% 5% 3 Radio 6'% 2% 5 % 12% 15% Wheel Blessing Apr 5 3 Borg Boston Stock 100 common Washer Mfg Apr 7% 6 100 33% common Bastian Apr 14% Jan 10 50 5 Aviation Corp (Delaware)— Automatic 50 Va Jan 10 7% common——1 common Investment Truss capital Jan 13% 16 • Co •41% 50% 11 ' 12% 16 Co Tel Mfg Co Belmont 1975 4s Transit Co Mfg & 62% Mar 7% • High Jan 13% common— Equipment Co Belden Bonds— Baltimore Tel Low 51% 50 5 L Range Since January 1 High 58% —0 common Shares 58% 25 common.——0 Gas Co & • common common- Aetna Ball Bearing common... Fidelity & Deposit of Prices Low Acme Steel Sales for Week Range Sale Price High 1.00 Mar 4,412 10% 61% , Low 17% 1.60 -.10% Light & Power com-' Last Range Since January 1 High 17 Week's Fritlay Shares of Prices Par Baltimore Consol. Range Sale Price April 2+ to April 30 both inclusive, compiled from official sales lists Sales for.Week Week's Last STOCKS Chicago Slock Exchange official sales lists to April 30 both inclusive, compiled from United Common —— conv pfd 3% 3'A 250 3% Mar 1 5 4% 4'A 50 3% Feb 4% Mar 8% 8% 8% 6,500 4% Jan 0 10% 10% 11% 1,500 8% Jan 9 % Apr 11% Mar % 800 * -- 16 iV Mar % Apr r Volume & FINANCIAL CHRONICLE THE COMMERCIAL Number 4173 157 1639 OTHER STOCK EXCHANGES Friday Ita nge f\'k 7 'r (j'/t Miller stock Common Preferred 800 2 Jan 4% IV2 Feb 3% Apr Apr 27 b Vb Jan r,» 100 % Feb % Mar 10% 450 834 Jan 2 2 % 7.700 2% 100 v J 10% Apr Jan 2% Apr Jan 3% Apr 1 % 41 common...—" 40 41 180 3G Feb 41 Apr 41 >o — —_ 1.400 10% 10y» % % 39% 41% 880 333a Jan 41 % Apr 14% Apr Last < Apr 600 % —— Co Ward 8 3% % common ——-..v. Montgomery 4 1 2% v t c Chemical Co Monroe Week's Friday 2% 2 % —-.100 prior lien.———_i™_—_100 preierrecl class A.—100 preferred class A..~_—100 & Hart $1 prior preferred 10 prior lien__ Exchange April 24 to Apvil 80 both inclusive, compiled from official sales lists High Low Utilities— Midland 7 % Range Since January 1 Shares High Low Cleveland Stock for Week of Prices Sale Price STOCKS— Sales Week's Last of Prices Par Akron Brass American Manufacturing— Coach & Brewing Corp of City & Ice Cleveland Cliffs __ .' preferred™ 0 87a a24% n24l/4 j.' 74 85 10% 60 a 14% 68 common 68 13 % • Jail • 13 % Mar 15 Api- 59 Jan 71 1,206 10% Jan 147 b 68 13!o - 4% Mar Jau 200 al4% ■«. High Feb 100 8 % •'. Iron, Low 4% 6 74 47,t - Cliffs Range Since January 1 High 8% V : r- 3 America Shares 47 b 5 ™ Fuel Corp Low .50 Body.. Sales for Week Range Sale Price STOCKS— Apr Mar | National Cylinder Gas National Pressure Cooker Standard National common Northern Paper Mills common. Northwest Bancorp, Prior Omnibus Corp Peabodv Coal preferred 6% Poor & Co class B (The) Co Potter Steel Car Process Corp (The) Quaker Oats Co Jan 20% Mar 99 Mar U S Mar 32 ; Apr Mar 8% 75 4% Jan 9% 550 7/B Jan 2% Mar 10% 335 6% Jan 250 110 8 % 8% 100 2% 2% 8'/a 5 * 1 * 12 12 69% 10 Apr 217 b 12% Jan Jan Mar Jan 3 Jan Jan 32% 30% 32% capital____2i» 1% Jan 16 28% Jan 1% Tl Jan 7 Jan 2% 200 11% 254 15% 16 VB 250 14 Vb Jan 2% Portland Ohio Acme Refining, ' •; Mar 38% Mar 50 Apr 75 . go Apr 267 30% Jan 357b Feb 145 18% Jan 25 Apr 4 Jan 6 Feb 574 " 472 14 Vb 14Vb 52 12 Feb 14% 35 % 35% 125 30 Jan 35% Apr 16 1674 75 14% Jan 18% Mar al2-'/a a 12% 48 18 74 Mar - 35% 16'4 ft ;■ 34'4 24 5% ._::V ... . 33 35 140 : 48 23% 5% a Cement. National Mar 34% n» B Manufacturing. National ' ' al8 . Jan 16% 35 a!8'b Api- ■ Prior Nestle Ohio Richman O 6%. ... class Vlchek 1 Apr 1% Feb 1.014 1 % Jun 4% Apr a21 % a21 % * Bros. 40 Drug Jan 7% 225 6 Feb 8 74 7 Jan 18% . ft. 6 % ; 8% 55 al974 al9% 200 4 Apr. 6 7b Apr Mar 20 77a Apr 874 A pi- 25 a357b a357;i . 75 al9'% al9'% Stores .v __ ... Jan 9% 30 Feb 4% 150 225 30 6 4.4 4 ft ft Motor 23% 375 29% > 6% 18V4 7 297b l':\' . Works Iron Weinberger 4,200 4% ........ . Tool White 1 % 4 % 80 Jan Mor 125 1 % ft B 8574 4 79 ft A 6 74 Mar Jan> 3% 1.805 6 65 __ class Upson-Walton Dorn 57a _ ft Tile LeMur Brass ft new preferred National ... 13% 2074 Mar Jan ' '• Unlisted— Apr Apr P'eb 2% Y Ohio Electric S '■ _ common RR V;\{L '• V ' a "■•' Oil _ 17% a Steel.™ — ''' Mar .'••• . LL ■■ 19% ". 112 . • ^ L ' — — J •_^, ^ • 497b 96 a6 Apr v 35 al6% al7% a6 14 74 75 18% al7% a 17% ■£'£'•/%'T _ ' •.-7- 50 a3774 a37 % common Rayon Central - common Republic Steel U common :lio • N 33 V. 11 O Murray Mai- 20 ";v^ ♦ class Medusa 56 Q V • G) Industrial Mat- 13 945 (A Jan 19% Mai- 48 ; Electric McKee 35:,4. 50 100 Sessions Leland Apr 6 2% 650 & Jan 77 25 a367a a38 ... Steamship Apr 23 400 Lamson 35% 56 a20 a39% a40 % # Rubber & Towing- Jaeger Machine General 27% 300 2% Interlake ft F.— Lakes Jan 40 55 a . Addressograph-Multigraph 525 16 B. Goodyear Tire Great Co 20 a40% a40:,u % 56 —-- — Apr 6 2% R Jan 26 15% & Goodrich, Apr 5% a T ...b, 4% - ■ 25% 15 7 General c , ... Controller 71% Jan 59% ••vV3 A pi- Mar Manufacturing Elect Van 3 Va Jan 7% 250 2 Jan 19 803 3 •' 3 Va Mar 1% > 300 12 68% 2% Mar 92 2% 200 20% 20% 20 V'i Apr Jan 70 200 11% Feb 1% 1% 87% Eaton Apr Jan 5174 Feb 117 a Apt18% Mar 24% 2.200 22% Jan 25% Apt- 213 29- Jan 35% Apr -—25 47% 49% •251 42 Jan 50% 11% 12% 1.050 8% Feb 12% 11 11 400 8 Jan 82% oarbiae <K Steel capital Transp common cumulative 80% 460 79 Vb Jan 85 Vb 68% 105 597 b Jan 70% Mar 22% 25 800 16% Jan 25 ... 54% 56 Members Mar 67% 24% • ——... preferred Utah Radio Products common Watling, Lerchen & Co. Apt- Apr Mat- 12 68% 5 capital 1 82 • 20 common. Lines Air ^—. Carbon Co 24 *'2 25 15 capital capital-.; Gypsum 7% Jan 52% Jan 46 % (J R) common..————2 (The) common— .L-25 Co United 23 % 316 35% Corp Thompson S 549 : 82. Feb 70 910 78 24 Va International U A]>r 34% & Swift Onion Apr 3% 1% —50c capital Co Swift Trane 22 % Feb 87 % Stewart Warner Corp common —5 tounuauaiiu Macniiic Tool common 5 Texas Jan 2% 2% common...i.—__1 Brewers Xnc Sterling 14% 8,350 • Inc., common— 2 Standard Dredging common. 1 Preferred ——.——.20 inuiana 100 3% Va Spiegel, oi 7% Mar Jan 4% * Corp class B common. .. 1 Souiii Bend Lathe Works capital—5 Oil Jan 3,200 6% 10% 1 .... 56~ 260 95 22% 8 Serrick SUiiuaio 60 2 Vb 2% .1 capital.. capital... Co 18. 78 * common common & Apr 30% common...— Cummins Roebuck Sears Apr 52% Electric Co common. Schwitzcr 19% 14 •% ..100 Raytheon Mfg Co common.. 6% preferred —... Sanganio Apr Jan 29% common....... Pressed Apr 14% 51% 1 Apr 10% 50 Peoples Gas Lt & Coke capital Apr 18 35 3% 78 100 .—— capital.. RR Peunsuvatua 15% Jan 500 22 3 '4-i o . 30% Jan 14% 6 % 22 7b B_-__ common Jan 18% 6% common....._10 (The) Co Pen Paraer Apr Apr 8% 12 100 '■ 8*4 33 2338 450 1.050 15% 17 90% 93 6 __ Jan 18 7% common Jan 18% common— preferred-.—100 lien preferred— 100 West Uti! North Jan 4% 14 common—.—* * lnc Airunes Nonnwest 30 15 17 20 American Car common.— Norm 33 28% capital-J.___.-5 Nob.itt-Sparks 2nd Xnc 8% 33 9% 26% 200 14% 8 2 -—.—It) common 200 200 14 14 1 common 56 : 112% . 59 Jan > Apr 4% Jan Chicago Stock Exchange Associate Exchange Apr 119% Jan.; 2 800 4 3% 47% 727 223 117% 118% 100 1 Stock Detroit York Curb New York Stock Exchange New Apt- Apr 27% Ford DETROIT Building Apr 27% 454 20% Jan 100 33% 34% 234 26% Jan 35% Apt- Westinghouse Elec & Mlg common_._50 93 Va 93 % 10 80% Jan 95 Vb Mar 9 Mar Co Walgreen 2G74 • common. Union Tel common— Western Wieboldt Oil-O-Matic Indust Woodall 71 Co 100 5% Jan 3 Va 100 ■«>1% Feb 550 Jan 7% Telephone: Randolph 5530 43b Mar 7% Apr 5% 6% 1,200 3% Jan 6% 66% 207 58 % Jan 70% Mar 6 % 6% 6 % 100 4% Jan 7 Mat- 29% 237 a 29% 306 19% Jan 30% Detroit Stock Exchange Apr- 66% * Jri 8 Vb 7% _» Apr 6 % 2 common.-.. • Yatcs-Amer Maclv- capital,. ———-5 (Wm Wrtaiey Vb 3% common Bankshares common—_* Wisconsin 8 8% Stores lnc commonr.^... Williams 26% capital— -r Corp common Friday Mining— Copper Bethlehem Steel Corp Curuss-Wright Genera! Electric common Interlake Iron Corp common L) (Glenn Martin Co common Corp.. York Central RR capital..- Nash-Kelvinator New Pure 1.050 24% Jan 31% 55% 45% Jan 577b Apr 67 b 35% 30% Jan 8% •:? 201 9 i 20% 21% 8% 9% 790 ■' 107 a Apr 19.'. 1.650 10% Jan 197), 1.650 15% Jan 25% Api- 26% ,Jan ,'?.V 357b Jan 18 Vb Apt- 33% 235 18% 2.800 __• Republic Steel Corp common * Standard Brands common—. • Standard Oil of New Jersey capital—25 17% 16% 6 7/s 9% 7.200 11 17% 11 Apr 19 % Apt- 4% Jan 7% Jan 54% Apr 5% Jan 12 Apr 25 Va Jan 393b Apr . 394 54% 10% 12 39% 220 15% — Jan 46% 590 38% . Apr Jan 14 53% 12 i- 5 755 6% 1 10 —1 McLaren common— Burroughs Adding Machine.,.. common.—L. * Milner Crowley, Cleveland Edison common Detroit Gasket common.. 16 VB 190 v 2.025 • 12% Jan 17% Apr Apr Last Sale Price Steel Detroit Ex-Cell-O Corp Corp common.. 20 Mach— Laundry Mills Carthage Paper Champ Churngold Preferred 50 50 * .1.1:—21—" : 100 Wood Industries Gar Finance General General Motors Insulation Formica Art Gibson Kahn Shares Grand Low 26 % 176 100 3 70 .; 19% 10 95 10, 20 97 8 Va 10" • ; 215 8% 637 16% 35 69 16% 16% 65 314 50 3% 62 / 62 1 20% 1 % 70 -" 17% High Jan 27 Mar Jan 3 Apr Apr 70 Apr Jan 20 % Apr Jan 5 81 % 10 % Apr Jan 97 Apr 7% Mar 60 Jan 9% Jan 2% Jan 58 9 Jan 70 Jan 17% Apr 3 % Mar Feb Jan 67 7% Jan 10% Mar 9% * * 23% 23% 10 16% Jan 25 Mar 25 2514 91 20 Jan 26 Feb —'* 8% 8% 200 6% 9 Apr 30% 151 24% —— ——— T 29 Kroger L——... Magnavox National Pumps — Preferred Procter & Gamble common Randall U S "B"__, Playing Card——— U S Printing 22 * 2.50 — 0 10 * 75 Feb Feb 30% Apr 4% 22 4% 4 11 200 252 a 1% 2% 3 1% % 25 2% Feb 20 1 Jan 2 Feb 2% 53% 55% 525 48% Jan 3% 16 2% Jan 36% 36% 20 4 3 120 30 V8 3 4% Feb 3% 54 % —■* -10 * 23 56 4 Feb Apr Mar Rolling City Ice & Fuel 25 General Standard For Motors Brands footnotes * 10 * —— ..— see page 14 1643. 13% 14% ——0 — Columbia Gas Apr 5 Apr Jan 3 Jan 19 Va Feb 12% 100 4 74 2.190 2 Jan 4% Apr 15 Va 15 7 b 157b 150 15 Jan 15% Apr 27% 29% 200 26 Feb 27% Mai- 574 5% 100 3 % 6 Apr 1% 1% 200 1% Mar 1% Feb 3% Jan 6 Apr Jan 3% Mar common. --."V — 57b 578 37 b 507'a 50% 27b 3 . 1% 66c 57b 8% * 1 76c 81c 8,475 6 v common 400 2 50% 265 44 Jan 50% Apr Jan 3 Apr 1,700 Jan 2 Mar 100 174 66c 53c Mar 524 6 % 8 34 1G0 ; 7,092 83c 100 3 70c -- % Jan 12% Mar 83c 565 3 3 .1 ...1 — 12% Mar 3% 75c 1,900 Oil 17a 1 1 Michigan Die Casting— common 27c 1 common— Michigan Silica 1% —1 Products common McClanahan .... common 1% 4% 4% 51c 1% 49c Jan Jan 65c Apr 6% Feb 9% Apr 83c Apr Jan 3 Mar Feb 75c Apr Jan Motor Products Motor Wheel Packard Parke Car Motor Davis • common common —4 Peninsular common Prd Mtl ".?A River Raisin * Standard Tube, Stearns common—_— common B (Fred'k) common—-— 3% 3% 49% 6 % 14 185 14% 274 4Vo 546 51 6% 10% Mar Mar 38% Mar Jan 5% Mar 10% 2 Jan 15% 14% Apr Apr Jan 47b Apr 142 44 % Jan 51% Apr 210 4% Jan 7 Feb 1% Jan 1 Vb Mar 4% Apr 5% i7« 1% 500 1 % Jan 2% Mar Jan 15 % Apr ;; . 62c Apr 15% % 4 7b 15% 503 17% 15% ■ 10% 17% 200 11% Jan 18'% Apr 874 8% 214 5% Jan 9 % Apr 47b 567 2% Jan 4% Apr 00 4% 28 8% 8% ,ee 598 8 Vb 223 1.125 28 5% Jan 29% Mar Jan 8% Apr Apr 1% 17b 1% Jan 1 % 2 2 2 410 1 % Jan 2% Mar 97b 9 7b 253 4% Jan 9% 27 b 234 3 350 2% Jan 3 Vb Mar 2% 27 b 2 % 300 1% Jan 14 7 b 14 7b 250 10% Jan 14% 4% 4 •% 100 2% Jan 4% 2% 27a 700 V, Jan 2% 174 13'4 200 IV. Jan 2 15 Va 295 13 % Jan 15% Apr 100 1 vb Jan 1% Apr — 15% 76c ' Jan Jan Mar 2% Mar 100 1 —1 * 2 1% 500 common Pattern Apr Jan 650 300 ——10 Manufacturing common.—1 Simplicity 28c 1 •• Paper common Scotten-Dillon Jan Jan 17 b —* * common..—,:—1 Prudential Invest common.-—1 Reo Motors common— ——.—1 Rickel (H W) common .2 Parker-Wolverine -h 1 13c 5% 5 10 —— ... Apr 1% Mar 1.000 1 17a ——* common.. common Murray Corp 3% 47b common...——50c Abrasive Mid-West Jan 5.000 1 vb 28c 2 2 Va 1 1 Sugar 1.350 3% 5% 'J* Micromatic Hone common Michigan 3% 3% 2 common Apr 2%. Mar Apr Apr Apr Mar Tivoli Union U S Brewing, common Investment — common — S Graphite common.—— 4 % 5 2 4 7b 100 3% Jan 4% Mar 8 74 1 0 common.———1 Preferred —— 50 Universal Cooler class A * Class B * Warner Aircraft common ——1 Wayne Screw Prod common.——: ^4 Wolverine Brewing common— 1 U 2 874 100 8% Apr 8% Apr 3 500 1% Jan 3 Apr 125 16% Feb 3% Jan 5% Mar Jan 1% Mar 3 Radiator 20 74 20% —, Mill Apr 3 Va Jan Unlisted— American 12% Jan 37a 3 1 ——_10 Products common. Wines Sheller Lunkenheimer Jan 1 12% common.—...5 Drug 9% 17% Apr 4% 1 1 Valley Brewing common—.1 Lamp Apr 12% common— common... Masco Screw Range Since January 1 9% — 3,795 ' ———10 Eagle-Picher 2.650 VB Apr 1% 18 —1 Brewing common.. Graham-Paige common Goebel LaSalle 68 % — —— 26-% 10 8% Corporation 4 7b 6 Va Jan 18 ■ High 19% 96% Drug 1.950 37 a 4 ____*• common Frankenmuth Brewing common Kingston for Week Range of Prices 70 pld——100 — J; 3 * —: Cincinnati Telephone Crosley - class A—J—'.—-—100 & Fibre— Cincinnati Street Dow 26 3 Cincinnati Gas & Electric 3 7b Jan 1% 18 VB ;—_—3 common.. Federal Motor Truck Kinsel Sales Week's Low Par American HO 3 7b 3% 1% 117 b v inclusive, compiled from official sales lists Friday Burger Brewing 150 4 % 5.158 8% 1 ...5 Hurd Lock & Mfg common Cincinnati Stock Exchange STOCKS-—; 7b Jan ..1 common Hudson Motor Car, common— / 6 5% 100 20 ; Stove Detroit-Michigan 74 11% —% vll common—10 Nav & Detroit 8 1% 1 " High Low High 5% C 7b Range Since January 1 Shares 8 74 1 Brown, Hall April 21 to April 30 both L010 Mar 17 Coach class B Jan 25% 32 % Yellow Truck & 237b Mar Jan - 6% 23% 17% Rubber Co common Apr 17% 97 b S. 97 b 187 b 33% Studebakcr Corp common Apr Apr 25 % 10% U. 18 280 5 * America common Apt- 97b for Week of Prices common—.——5 Forge Drop Detroit capital Radio Corp of - Jan 6 69 377b Jan 1,029 8 % 36 % V Jan 150 36% 8 % Atlas Baldwin Rubber common 56; 429 64% 62% a': Par Apr 486 (The) common lnc Oil Co common... Apr 29% * • * Pictures Paramount Pullman 64'2 • * • Co.— 9% , b 28 7 1 —4 Jan 54 % 29 31 50 Atchison Topeka & Santa Fe com—100 Anaconda 6 Vb 1.010 v 9 8% 9 Radiator fe St San com— American Sales Range Sale Price STOCKS— Unlisted Stocks- Week's Last Radio Zenith from official sales lists April 24 to April 30 both inclusive, compiled Mar 5% 17 s 5 74 100 17a 1% 950 1 % l3b 2.465 4% 47b 125 3c 5c 3,300 68c 1% 4 2c Jan Jan Mar 22% Apr 1% Mar ,5 7c Mar Mar THE COMMERCIAL 1640 & FINANCIAL CHRONICLE Monday, May 3, 1943 OTHER STOCK EXCHANGES Los Angeles Stock Exchange Philadelphia Stock Exchange April SI to April 30 both inclusive, compiled from official sales lists Last Low •y-'F'FFF'F1--/ PaT Range Since January 1 Low High 50c 3% 3% 33/a Bandini Petroleum Company--—-.——1 Barker Bros Corp 5%% preferred—50 4% 43/8 43/8 37% 373/4 California Packing 1.25 5C Preferred ——————* 5 68 3% Jan 74% Apr¬ 7Va Jan il Jan U 8% 8% 22% •/ ■ Pub Curtis Prior Co Electric ,/ Development Co—;————--1 9% 9% 74% Hudson Motor Cor Co——— Jan 35 Apr National Jan 50% Apr Lane-Wells 1274 432 37% 288 26% Jan 36% Apr 39 74 481 34 Jan 39% Apr ,;j 9 14 Jan Aircraft Mar 21% 1 57 % 57% Pacific Jan Jan 10 1.55 Jan 40c Feb 2,000 17% power & Jan 574 Apr 111 16% Jan 35% Apr 38% 3834 39% 130 33% Jan 40% Feb 50% 49% 51 557 Jan 51% Apr 4% Jan 8% Apr 3% 7% Apr 5% Apr 8% ' 7%" 8% 6% 7% Jan 60 35c Jan 45c 1,610 25 28% 464 23% 273/i 250 263/4 Feb 40% 60 34% Jan * 10% 10% 55 3% 4% 1,730 28% 4.4V/ preferred 5% 7 Philadelphia Elec. Power 8 c/c Philco Apr Mar 273A 5%% preferred Ranch Rice Oil Oil Richfield 50 —* 48% Security Co units of ben int United • —_ 32 210 22 100 5 •' 100 29% Co— of Sunray Oil Corp. Superior Oil 1 ■— — . /, • i';- ; 25 — 26 . •^ Transamerica * 39 Jan 32 Oil California of 4 10% 93/8 9% Jan 183/4 ■' s ■■■/' Jan 26 % 36 Apr 1% Jan 53 74 Jan 9 70 3 3/4 69 Jan 11% Jan .674 4,892 93/4 Apr Apr Apr Allegheny Ludlum Steel... Arkansas Nat Gas Co Preferred — 1,850 15% Blaw-Knox Apr Byers 6% Jan 3%c 874 6,000 3c . 20 874 12% Apr 3 %c Apr Jan 5 "/:/ 5 55% 5% 663 :?'/// (A M) Pitt 63% 64 Va 5 a32% : > 10 25 * • a44% 1 Lone Walker Star 9% Apr 144 3/i Apr 674 Jan 131% Feb > 19% 3% Co 5 : / Gas 34% General Foods Goodrich (B Nickel F) 14 12% Feb 1574 Apr 21% Jan 25% Apr / 313/4 Apr Pitts Screw & // 53/4 Apr Pittsburgh Steel Foundry common. Jan 5674 4 ■/: :. ■ * 3% Jan 12% Feb 1774 Apr 63 617's Feb 69 6% Apr 4274 29% Feb Jan Jan 2 375 11 Kennecott York Central North American Bolt San Toy Mining-. Oil & 6 100 10 4 3,145 2 lS/8 1% North American — _ • - New common .. — . j —F Jan 7% 202 5% Jan Pictures, Pennsylvania Pure Oil RR 1 25c Jan 95c 3174 Feb 35 50 9% Jan 93% 94% 137 Sears, Roebuck & Socony-Vacuum Oil Co—— Southern Railway Co * Standard Oil Co Studebaker Corp 100 450 7% 21% United Edward D. Jones & Co. Apr Jan 705 Olive St.. ST. LOUIS 444 31% Jan 3734 75 3574 Jan 35% 130 . 3674 v 37% Mar Apr 1% Feb 2 1922 55 3254 Apr 36 Mar 123/8 1,858 6% Jan 12% Apr 32% 325 Jan 35 Apr 6% 292 Members Mar 3474 1 60 . 30 574 73/a Jan 54 54 145 . New York Stock Exchange U. S. 55 Apr CEntral 7600 Chicago Board of Trade Associate Member Chicago Mercantile Exchange New York Curb Exchange Associate Postal Long Distance Bell Teletype 8L 693 Chicago Stock Exch. Apr Mar 170 3674 "Feb 40% 2,023 10% Jan 20% Apr Apr 193 10% Jan 14 Apr 15% 1574 202 1074 Jan 15% Apr al7% 4% 17% 105 4% 770 24% 55 24 293/4 9% 1074 29% 17% 12 17 Jan 2% Jan 4% Apr Jan 24% Mar 353 24 Jan 173/4 555 12% Jar. 3174 Apr 17% Apr 107/a 2.333 Jan 1074 5 Apr 45 : 14% Jan 18 18 59% Jan 70 Va 13 13 13 277 10% Jan 28 34 27% 28% 200 16% Jan 13% Apr 2934 Apr 4% ...—15 — ; ■ 6% 80 31% 10 54 • 54 ' Jan 6% Mar 313/4 Mar 248 4774 Jan 9% 50 7% Feb 11% 375 57/4 Jan a48% 14 , Par American Brown Investors Shoe common. Brew Apr 774 Feb 11% Apr Dr Pepper 1374 774 —.... For footnotes Co.. see page 10 1643. „ . __ 42% Jan 49 974 Jan 1474 Apr 84% Mar 6 Low ; 75 5% Jan 38 52 31 22 22 50 15 74 Jan 574 20% 100 33/4 Jan 85 17% Jan 9% 100 57a 97a 19 pfd—100 — * —5 122 6% __ High 7% Jan 38 22% Jan Apr Apr 5% Mar 31 9% 7% Jan 12% International 82 55 84% Apr 75 2774 Jan 34% Mar 550 1874 Jan 24% Apr 1% 600 Jan 1% Feb Shoe common——• Jan 19 32 122 Apr 122 Apr Apr 122 20 122 Apr Apr 6% 6% 700 5% Feb 7% Apr 83/4 8% 20 7% Jan 83/4 Apr 33/4 Jan 7% 230 32% 32% 775 6% 7 16 147'a 22% 290 16 1474 21 8 30 3274 Mo 1 19 7 Hydraulic Pressed Brick preferred—100 24% 1 % 6 20% " 8 31 331 95 $4,500 90% Feb 28% Jan 774 Apr 333/4 Mar Apr Laclede-Christy Clay Prod common—.5 Laclede Steel common—. —20 Portland Cement common.—.—25 55 32 Mar 36 Apr National Candy common 55% 110 48 Jan 58 "o Aor Stix, 12% 13% 557 Jan 13% Apr Wagner a92% • — —5 common.. 54% .__._10 ■ Westinghouse El & Mfg Co.——.50 Willys-Overland Motors Inc 1 Woolworth (F W) 51 200 353,4 24 High 37% 1 ^.—10 1 common Ely & Walker Dry Goods 1st Hussmann-Ligonier common a81% ' ■ 174 ""I 14 . — Century Electric Co.——— Coca-Cola Bottling common Columbia Low ——1 common Burkart Mfg common.—.. a34% 5 —— 4974 Exchange 54 1174 1 Apr 28% Feb a9% —— Mar ' 6% 3174 -i-— ' SI. Louis Slock April 24 to April 30 both inclusive, compiled from official sales lists H»U UUfcU UlLIUhlVC, UUlli]IUUU Sales Friday Week's for Week Last Range Shares STOCKS— Sale Price of Prices Range Since January 1 Mar 157a / 1774 Corp (Delaware) Steel Corp.^ Phone : St. Louis Stock Exchange 85 68% Warner Bros Pictures Inc....5 Apr Apr 36 74 // 13 74 ' U S Rubber Co— Apr 22% Apr 68s/s —5 774 Jan Apr ; i6% Corp Apr 7% 19 Texas Corp (The)—.—25 Tide Water Assoc Oil Co— ..—.10 Union Carbide & Carbon Corp....—* Aircraft 153/4 Apr 4% * United Air Lines Transport— 7% 465 Apr 35% Jan Huttic S & D common—. United , 2c 3% Mar r Apr 520 7% 20% 2% Jan 323/4 ■ Mar ——.* ———„ Jan 2% 34% 2 40% Jersey).——.25 Stone & Webster, Inc.— lc 3,000 , 2% ,4 17% capital———..25 (New Apr 700 12% 4% Standard Brands, Inc.— Standard Oil of Ind Apr 6% 100 15% * Co——.1 6% Jan 7% J;' ' ._.* Corporation of America— Republic Steel Corp— Jan 33% 774 Apr 4% 3% St. Louis Listed and Unlisted Securities Apr 18% •; Co—.————50 Radio 2c 96% Jan 67 674 2C .w CO Mar Apr 13% Mar 100 6 6% 4% 19% al974 a •: 1 Co—————— Mar Apr 73/4 Mar Apr 54 ^ : —* Inc Apr Mar 9 • 50 920 6 % 6% * Packard Motor Car Co—— Paramount Apr Apr 17% Mar 100 55C V -••.F 1 Jan 12% 5% --' * Westinghouse Air Brake.. Jan 7 34 1 5 old com 92 146 12% ■ _* 1% 45c ' ' - Gas, common 13% 50 874 17% 4 34 55c V1.' 79 973/4 7% w- 9% 153/4 v- ' Company.————* Ohio Oil Co— Apr 1% Mar 1% Jan 600 9% 32 74 , 6% 10 Jan Jan 12% 32% Apr 3% Mar Jan v 874 17 F'. "' * —. 8% Jan 1% 12% ———* Inc——_—1 Jan 98 15 • Corp—i... Standard Steel Springs Apr 40 RR_ Apr 25% Apr 4 2074 33% ——* Aviation Feb 1% 1% 7 40% ;'/'" w Montgomery Ward & Co.. New 83/4 100 10 474 a3974 . •; Corp..—.—* Copper Corp Jan 147 High Jan 1% 165 37% Libby McNeil & Libby common*——7 Loew's Inc ————.————* McKesson & Robbins, Inc.— 18 183/a 505 a37% Canada.———* International Tel & Tel 85 50 Apr 45 Jan 20% Mar 194 /: low 243/a ■V:3y/' 97 17% 0 Pittsburgh Plate Glass— Apr 293% Feb 674 Range Since January I High 33/i 97% Apr 45 Shares 14% ... Jan 500 Sales for Week 24% —10 Supply Jan 48 Week's of Prices 1% •'/• Jan 20 ; 19% 35% —* Co—... of Co Apr 6% 7% Graham-Paige Motors Corp—.---1 Int'l Apr 92 374 100 3 74 250 4574 .—* Corp—. 8% 110% 15% Range _ 2474 v: Jan Refrac new 3274 10 1,600 y 10 _* Co.——— Apr Jan Jan 5% 103 8% ■4 74. Light Corp——* Electric 1% Mar 28 25% Established General 299 6% ——_1 Share & Bond Electric Power & £ 14,183 8% 6% .1 Curtiss-Wright Corp Electric l%Mar 15 / Nat Fireproofing Corp— Pittsburgh Brewing preferred—. Pittsburgh Forgings ■ Continental Motors Corp.. Jan 83/8 • /■/■ 10 ; 5*18 32% • —— 17% 15 — Koppers Co preferred Shamrock Corp 771 1% 253/B Brewing - Co 263A 28 8% 83A 109% 110% 93/, o common 423 V/ 17 74 Corp.-*————.* j 50, 3/4 a 43% 5% Elec Jan .///_-*:: Columbia Gas Si Electric—— 17% & Feb Feb V .1 Company 8 29 Va Aircraft—.—_ 74 % 3 - Jan 39 74 Tractor Feb Jan ■ \'i — _ common. Jan 29% Gas 9 Apr 43% 19% Mar Jan Jan a39 % Vultee % 8 38% Jan 264 24% — 6 Locomotive Works vtc——13 Cons 232 1,200 common—— 6% 55% Columbia 394 174 Low ♦ 8% 14 Caterpillar 8 42% 1% Par Apr 50 50 Ry Co Jan Last 325 * Pacific 2% Sale Price 100 Atchison, Topeka & Santa Fe Ry_—100 Aviation Corp (The) (Del)————3 Canadian 33 Vc Mar Friday STOCKS— 19 % Mar 19% Mar 165 ; 144% 1443/4 ———5 . Jan y __ Apr Jan 8 a 43 .100 . 26% % 13 .. 30% Feb Feb 16 8 Copper Mining Co— Bethlehem Steel 140 Pittsburgh Slock Exchange Harbison Borg-Warner Corp Apr 32% April 24 to April 30 both inclusive, compiled from official sales lists 28% 127a 3c Smelting & Ref Co..———*■'. Baldwin .. 10 8 '•./ ■ ■ ■—'i. 3c (III)—— 21% Apr Stocks— Armour & Co Jan Apr 28% ' • —*■ Amer Rad & Std Sani Corp————1* Anaconda 1454 25 65 19 12% 19 Mining Co American Viscose Corp..: 5 — —20 a8 American Tei & Tei Co— Apr 20% 313/8 Mountain Fuel Unlisted Apr 223/4 Jan Mining Stocks-— Amer 32% 13Jan 7 • - 5 % Mar . Fort Gold 3134 Jan Jan 100 20 3 a Western Air Lines Inc Zdnda 566 692 93/4 al8% —25 Inc... Apr 370 30 10% a20% Consolidated Oil——- —10 Universal Van de Kamp's H D Bakers Mar 32% 41% 2735b 8% 109% —— Mar 1,522 334 5 ...— 118 3174 31% .* • — Coal Auto Finance Union Jan Apr Jan 4,984 • 2 Western Air- 114% 2174 75 a75 10% — Corp Transcontinental Apr 30 Apr Mar Jan ' Taylor Milling Corp 24 5 3/b Mar 4 2,196 - 36 33/, • •••' „,**•'•• 28 35% ' • — Co ' —* —— California Apr 301 29% -25 preferred C-—s.—... 173/4 23% Apr 2% : 24 Co Westmoreland 252 31% Oil Westmoreland Inc : 31% 5% % : Apr 21% 17a — — Feb - ; 23% Standard preferred Apr 3 74 —25 Southern Pacific $5 10 3% I i-w' preferred B Apr 31 Jan Southern California Edison Co Ltct1.25 6% 24 Jan 16% ': ' Signal Oil & Gas Co class A Solar Aircraft Company Stores 32 % 23% 803 300 20% — * Corp $3 preferred 48% 3% 32 474 Mar 31% .25 Jan 1,850 39 / 20% 1 , Preferred Jan 43/8 32 2,808 17% 116% 116% • Tonopah Mining -1 Transit Invest Corp common.——25r Feb 7% 38% — 30% 17 24 .—50 Corp.. 43% 293 5 ' 3% Jan — 25 —3 Scott Paper common 25 1,083 9% 4% 4% Ryan Aeronautical Co——l Sontag Drug 30 4 3% Jan 9% common———• 2% Jan 1,282 Apr 11% Mar Jan 2.10 100 48% 30 —_1 Company Corp 300 4% 29% 4 % 2974 ..50 . Apr 40 3/i , pfd Corporation United Gas Improvement common 4 >4 Republic Petroleum Co common——1 5% 434 — ... , Jan Apr 28% Mar Jan 27% a40% 27 % 25 44 , 436 ■ Salt Dome Oil 1.75 Jan 57% —» — 1% 4,222 6% • * Light. 57% Mar 97 %c common. & 5% Pacific Apr —* Reading RR common 1st preferred ■ 600 44C Apr 76% 676 10. 24% Mar Jan 57% Mar 150 Apr 1% Mar •: i,, 9,060 60 40c 44C 27c ; 137 1.75 60 •10% Apr preferred Lighting Corp com— Puget Sound Pulp & Timber Co Gas Electric Jan 1VW 6% 57% 1.75 Mfg Co —*————1 Dev———1 Oceanic Oil Company———1 .9 % 4% 23% Diablo Oil Mng & Mount 35c Jan 5'A voting trust ctfs .1 Pennsylvania RR —; —50 Philadelphia Electric Co new common.. New preferred Apr 100 150 23% Menasco 82% Jan 250 w 10 l Corp——— Co Oil Mascot 10c * 35c 57% 300 9 i% 9 3/a Lincoln Petroleum Co Lockheed 8% —————1 Co— 6 3/t 32%" 33?« Pennroad Corp 443/4 —————.1 Hupp Motor Car Corp Mar 474 Lehigh Coal & Navigation——* Lehigh Valley RR-—: 50 Feb 20 82 % Mar Feb 67% Jan 72 4% Apr 6 3/e 105 83% 150 72% 19 Feb Jan 3 10 9% Apr 3378 Motors General Mar 796 82 % 5%, /y/Fmv 98 74% * Holly 18% • Apr 148% Jan • Storage Battery 9 200 39 12% 5% 98 153/8 ;_* common Jan 5% 32 a36% '90 18% - •„„* preferred 63 50 12% . ■ 12734 18% ..—.*.5 Feb 32 3974 450 Jan 5% Mar Jan 33/4 63 116 9 % Mar Feb 19% 300 Apr 4974 * 215 144'% 148% * — * Goodyear Tire & Rubber Co——*—* High Low % 11% Mar 15% Apr 674 : 20 8% Gladding McBean & Co—— Hancock Oil Co class A common... Mar 690 v Range Since January 1 High 15 ——100 Budd Wheel Co.— Apr 10 683/a —2.50 Corp 27 36 1,506 5 10 common Preferred Chrysler Corp Jan 2,490 20% 5 ——1 Exeter Oil Co common A— General Metals 20 Apr Jan 10% v :.■■■■' Barber Asphalt Corp Budd (E G) Mfg Co / Apr 8 a68s/8 :——* 5 Douglas Aircraft Co •— Emsco Derrick & Equipment Co 5c Jan 19 33 9 Feb 22% Mar 1674 American Stores—15% American Tel & Tel..——....100 148% Apr* Apr 233/4 Mar 74% 8% 20 America—————l - of Creameries 9 2c 3/4 50 10% / 10% Corp.————* 11% 20 v 9% 72% 7474 Consolidated Oil Corp— Consolidated Steel 36 1.35 Jan 110 26% 9 3/8 -5 Chrysler Corp 1,000 250 ' 36 —~1 Co—— 5C 22% 26% common—* Corp Central Investment Corp————100 Cessna Aircraft Jan tow Shares Apr 73% 385 22% '.'Vr, - 37% Feb 1.420 1.50 11% 11% Jan • for Week of Prices Par Apr 1.80 100 % % 1.50 1 Chica Oil common—— Bolsa Broadway Department Store Inc * Buckeye Union Oil Co preferred------1 Byron Jackson Company————* 4% . Sale Price }:■ Jan Las t , STOCKS— Apr 75c 220 Berkey & Gay Furniture Co.——1 High 3% 30a/4 350 Inc Feb 33/a 2,690 Accessories Aircraft v/;/•" ' V. •• Shares Sales Week's ;Range > Friday for Week Range of Prices Sale Price STOCKS— April 24 to April 30 both inclusive, compiled from official sales lists Sales Week's Friday 93% 40 Jan 82 1,070 2274 5 Jan 7% Apr 153/8 Jan 18 5 12% Jan 15'/4 Mar 2,275 1474 Jan 22% 6% Feb 8 Apr 24% Jan 31 Apr 95 Apr 170 Feb Apr Jan 774 • 7 a39% 674 36 40 36 292 7% 82 274 36 Jan Mar 7% 36 Apr Mar Fuller common— Electric common Baer & 10 15 , 55 Bonds— St L Pub Serv 1st mtge 5s —1959 __ 94% THE COMMERCIAL & FINANCIAL CHRONICLE Number 4173 157 Volume 1641 Friday Canadian ; STOCKS— lists April 24 to April 30 both inclusive, compiled from official sales Last :./yy>;', Acme Shoe Agnew-Surpass Steel Preferred Ltd Aluminium Bell & Brazilian Class T P— & 151 100 —.— 133 Feb 103% Feb Jan 25% Jan 15 Jan 20 Apr 22 197 14% 5% North. Corp • 6% 6% 6% 12% 12 % 12% 36% t' 35% 36% Canadian Bronze common • 33 a/4 33% 33% Canadian Car & Foundry common • 10% 7% preferred participating Celanese Canadian 7% preferred * Foreign 9% 29% 100 30 31% com—* Investment Canadian Industrial Alcohol class A—• Class 4% Canadian Pacific Railway—: Cockshutt Plow Consolidated Mining & bmeiuug Glass Consumers Cork & Seal Co Crown Distillers Dominion —* i; —* — Dominion & Coal Sieel Dominion Stores, 27 125 Ltd.— .6% :6% 100 Preferred common—— Jan 139 5 Jan Jan Jan ! Jan 5 Jan 17 . Apr Feb 12 Apr 11 Apr 45% Apr 37% . jan 27% Mar ■22 Jan 26 28% Mar ,7 26 24% 11% 120 Apr 30% Jan Apr 14 % Mar Jan Jan °% 1,166 v7 Apr 33% Jan 125 10% Jan Apr Jan 52 Jan 8% Apr 6 Mar 7% Jan 20 96 Apr 96 Apr 15 76% Jan 81 Mar 7 Paper 80 • Electrolux Corp Enamel Heating Prod-.-— & L 6% 1.30 M 1 : ——— 6!/4 1.30 v —* 5% 1,239 7 , : 5% 100 • 75c Feb 1.45 Jan Apr 5% 110 Jan Jan 4% Feb 15% Jan Canadsi of. Power Gatineau 5'/e Co > • common..— Steel __ Wares —* common 100 Preferred Hamilton Industrial Acceptance Corp Nickel International Petroleum International of Canada Power Murphy Paint National Apr 5% Jan 29 % 29% 77 27 Feb 32 12% 12% 13% 1,530 12 Jan 14% Apr 11% 11% 12 701 10% Mar 12% Jan 14 14 145 13 Jan 14 Jan i 23 * 18% 18% 18% 1,255 17 Jan 19 % Apr 50 6 Jan 10 Jan * Jan 7 Jan 7% 7% 603 5% Jan 7% Apr 6% 45 6% Jan 7% Feb 24% 24% 1,411 24% Jan 100 24% • * Steel United 11 11'4s 11 Apr 12 Mar 30% 31'*;'' 240 26 Jan 31 48 48% 100 38 Jan 51 Apr 15% 15M 47 46% 47J-, 24 —• 50 * 100 " Ltd Zellers 1 •''■ • ' • Jan Apr Nova L Scotia Paton Reliance Sarnia Thrift Stores Walkerville Power & 6% preferred 7% cumulative Bathurst Canadian Co Beauharnois 80 4% Mar 7% 87 Jan 126% Power Corp Distillers of Apr 126% Oil 74 14 Jan 15% Gold 8% 70 92 Feb 92 92 2'A 2% 2% 1.75 1,545 13 29% Malting Canada For Co 40 41 17 17% 14% 15 Vinegars 118 72 footnotes see Kirkland 1643. 65C Jan 25 11 Feb 25 22% Mar 36% 24% 27 V, 85c Jan 3% Mar 14 570 Jan 14 Apr Apr Mar 4% Feb 33% Jan Apr 51/4 1,820 3% Jan 22 22% 1,145 19% Jan 23 Apr 15% 16 288 12% Jan 16 Apr 1.00 1.00 5 1.00 Apr 1.00 1.75 1.75 50 1.50 Jan 1.75 17 75 7% 7% 160 — „ 3% 30c __ 375 30c Jan 2% 17 Apr 5% Apr Apr Apr 17 Apr Apr 7% Jan 3% 1,350 3% Apr Jan 30c Jan 10 Jan 16 Apr 275 % 15c 630 i: 15% Jan 18% Feb Apr 5% 15% 15% 15% 275 11 Jan 16% 17 17 17 110 16% Jan 17 'A Mar pfd 100 16% pfd__ 100 98 . 14% Jan 98 Jan 16% Jan 98 8 18% .515 47 6% pfd—100 pfd——16o 47 25 6% 1,445 3% 17% Mar Jan 6% 106% 106% '45% Mar 100 Mar 18% . ; Feb 47% Apr 6% Apr 15 106% Apr 108 116 116 20 116 Apr 116 91 91 10 87 Jan 91 Apr 15% 15% 35 Feb 25 Mar 10 10 25 10 Apr 10 305 106 18 102 Jan 106 Apr 18 18 10 17 Jan 18 Mar 1.25 __ 1st pfd—100 1.25 475 __ * — —* pfd—100 pfd 650 98 cum "A" 16% 16% 18% „ * 25 __ 1.25 —1 Lake Shore Mines 7% 1.25 Jan Apr Apr Apr 1.25 Jan Rand Ontario Porcupine Sherritt-Gordon Hughes Gold Jan 6.20 Feb 5%c 5%c 1,333 3'Ac Apr 5!Ac Apr 14 14 50 11% Feb 15'A Apr 4.85 4.85 200 3.95 Jan 5.20 Apr 2.78 2.78 500 2.26 Jan 3.35 Apr 1.00 1.03 200 79c Jan 1.22 Apr 79c 79c 100 78c Jan 1.03 Feb 65c 65c 100 65c Jan 8V2C 8%c 8%c 20,200 8c Mar __ 80c 80c 100 60c Jan 1.00 1.00 1,300 66 %c Jan 41c 42c 425 38c Jan __ __ — ^_1 Ltd_ — 1 — Ltd—_——1 Ltd Mines Wright Hargreaves Mines Ltd Feb 72c Feb ll%c Jan 82c Apr 1.02 45c Apr Apr 38c 300 36c Jan 45c 75c 2,150 68c Jan 80c Apr 2.81 100 Jan 3.15 Apr 1c 1,000 4c Jan 3.50 50 4.00 Apr lc __ * Jan 75c 38c _. __ Ltd———1 1.18 30c 2.81 — 1 Mines Ltd———_1 Mines Cadillac Wood Jan 4.90 Mines Ltd—* Consolidated Sullivan Jan 21c — Mines Sladen-Malartic Teck Mar * : Ltd Mines Feb Jan 6c 25 80c 1 Mines Ltd Gold Siscoe Feb 100 —1 Nickel—_— JPamour Apr Feb Apr 500 1 83c 2c 19% 3c 9.20 52c 1,800 ———* Ltd Mines 83c Mar 21c __1 Corp Gold 355 40c 19%c Apr 5.80 1 a— Mines O'Brien 1,000 Feb 1 Ltd Gold Mining 2%c 22% Jan 2c 8.85 Mar 21c y 1 Ltd— Lake 200 12c 5.75 __ ' —* Mines Ltd., Lamaque Gold Mines Ltd Macassa Mines Ltd—— Normetal 1 45c 2%c * 100 45c .a 2,000 9.20 22 Va Ltd—* 2%c 9.20 Ltd.—1 Mines 2,000 2%c „ * Gold Mines Madsen Red 19%c 19%c Mines Ltd.——1 Mines Ltd— Gold 3.50 1.90 %c Mar 2.60 Jan Jan 3% 13% Apr Oil Oil Co Ltd 6% Feb 119 Mar' Jan 72 Apr 76 Apr 4% Jan 6 Apr 17% Jan 2% Jan 19% Mar Power & Oil & Paper Pacific Alberta Aldermac Steel Algoma Ltd Aluminium Aluminum Co. Jan 13% Feb Aquarius Mar 134 Apr 160 160 30 147 Jan 160 Mar 137% 138 14 132 Jan 141 Apr Mines Cons Metals Range Since January 1 High Bell . Blue Mines Mines Corp 8% Apr Bonetal Feb Bralorne 3% Jan Brazilian Traction 108 9% Jan fit 5% Feb 20 % 375 17% Jan 18 18 149 17% Mar 102 102 10 10 10 35 8% Mar 730 17% Mar 20% 20% 18% —' ... .100 18% n CO ... 39 39 55 87 87 5 -8% 8% 25 101 & • % 2,700 1,120 40c 41c 62c 4.10 44c 27,500 Feb Jan 85 Jan Apr 20% Mar Bitish Columbia British Ltd_. 102 Feb British Dominion 10% Mar Broulan 19% Brown Feb 39% Jan " Jan 90 8% Apr Buffalo Building Burlington Steel 65c Feb 4.35 47c Feb Feb Apr Apr 45c 40c Apr 3%c Apr 53c 500 13,400 2%c 9%c Apr 1.86 1.85 1.95 1,200 1.35 2.04 Apr 4c 4%C 5,500 4,500 4c Jan Jan Apr 4c Apr Mar 5%c Mar 254 254 4 227 Jan 259 Mar 245 12 2°4 Feb 250 Feb 23 23 23 18 21 Feb 23 Apr 9%C 9%C 9%c 1,100 b%c Jan 13 13 25 2C 2c 55 2c 23c 27c 74,300 10c 254 26 V2C 1 70c 70c 100 150 150 _! 19 %C — _ 50 . 1,950 75c 65 17c 18 %c - 1 152 19c 19 %c 35 -k— 9%C ■ 134 ■ 12 100 Feb Apr 2 %c Apr Jan 27c Apr 70c Apr 15c Feb Jan Jan 10c 2,500 17c 85c Apr 19c Apr 154 25c Apr Apr 36 Mar Jan 12c Mar Jan 19 %c Apr 9.85 Apr 29% Jan 8c Feb 15 Mar 140% 13,550' 35 11 %c of 9%c 9.20 9.40 468 •7.40 Jan 20% 21% 1,945 14% Jan 6% 6% 6% 450 5% Feb 7% Apr 20% 20 20% 940 17% Jan 20% Apr 18 18 60 17% Apr 19% Feb 25 24% 25 125 23 % Jan 27 Feb 27% 26 27% 21,450 19% Jan 30 Feb 10 42c Mar 62c Apr 4%c Jan 13c Feb * Ltd- w*'5 Vane 4,000 9.40 20% 1 __ — class — * A » 16c Mines . • * • 10c 2.10 —H — lie 2,000 2.05 » Ltd_ Co—: -- 5fic57%C 10c «• Gold ' 55c —— Products 102% Jan 8%c /> Oil- Ankerite 20c Feb Jan 3%c Light & Pwr com—* Power Corp 3.00 42c Porcupine Mines, Ltd Oil 47c Feb 133 % Mar 7 %C 1 preferred- Oil Columbia 101 Jan Feb Jan 3%c Packers Ltd Jan 106 9% 7 %c Ltd 19 8 % Mar 13 Radium Distillers 141 101% 58c 4.05 A__ Mines Mines, American British 101 58C ' 36% 8% Gold Brewers 101 __ — 17% Feb _ Ltd Feb 7% 322 tr Feb 10% Mar 10 126 128% « __ A Jan 6% 8% -50 —• Ribbon Bohjo 20c Apr 243 Bidgood Kirkland Gold Jan 16c Jan 8% :_ -100 Telephone of Canada 1.00 Jan . . Gold Apr 9c 9c 13 %c Feb 1 . preferred- & 75c 1,000 —1 Paper class Exploration Jan 8% 2,600 44c Ltd — & Mar 1.00 1 Mining Power 17c 15c I _ Ltd Ltd Jan Jan 12c pfd. -100 Scotia—. Bread Jan 6c 15c * __ Mines Nova 5 11c _ 5% 400 lie —1 _ 2% 9% Ltd __ Range Since January 1 Low High 37,345 _ 5% 6% Apr 70c 75c _ 12% 9% 9% -5 Feb 200 40c » . High 75C • Canada Toronto Class ■ 26 5,450 • of Beattie Sales i 5c 9c * of Bear for Week 5 Oils Mining. Gold Class B Jan Jan Feb 3.50 Mar 7%c _ _ Gold Bathurst Low 21% Apr 7%c * Gold Aunor • _ Bankfield Base Funds 75 ... Astoria Quebec Mines Barkers 65c Jan 2%c Apr 1.64 Mar 40c Sales Shares 8 % Corp of 128 350 8 common 13 685 2.66 63c for Week 85c Anglo Canadian 4% Range of Prices Low * common Anglo-Huronian High Feb Jan Exchange *80c inn Cons Apr 16 Jan 1.50 Funds Week's _ __ Copper Apr • 134 90c 170 * common.. Gas Co. 45 1,015 80c 24% __ Sale Price Oil & Jan 13'A Low 24% * preferred Gas Armistice 85c 100 Par Abitibi Ajax Jan Shares 2,855 2'Ac Last Jan" 21 Range 3.50 2%c Friday 15 395 Week's 3.45 : STOCKS— Acme 42% of Prices '" 3.50 50c 30c April 24 to April 30 both inclusive, compiled from official sales lists Apr 40 100 • Ltd— Gas 25 300 31c 1 — & Oil 55c 1.50 31c — Canadian Jan: 134 137% —* Toronto Stock 18% Mar 66% 1,125 '4 Ltd. Co Royalite Oil Co Ltd— 41 13% 41% 55c 1.50 Anglo-Canadian Oil Co Ltd * Calgary & Edmonton Corp Ltd-——* Jan 29% 59% 45 18% 18% Feb 350 5% 5 5% a. Oils— Feb 450 75 8 Ltd— page 100 33 pfd...—_• Ltd— Gold Feb 2% Feb 114 800 74% 92 >' 13% Mar 20 71 2% ft pfd_— 65c 12% pfd——10 6% Gold Gold Kerr Addison 32% Feb 75 16% LtcU.—i—— Apr 3'A a* Mines Ltd.. Gold Eldorado Francoeur 16°/r 1,506 118 Ltd— Co Ltd..— Pac Corp 7 3% 33 __ Feb 11% 90 147 41 17% Jan 21 24 877 12% 29% 13 : :: Sale Frioe Dominion " Sugar Canada North Jan 4 y2 '"'V Apr Jan Calgary Pwr Co Ltd 6% cum Canada Bud Breweries, Ltd—.—. Canada 3 65c * Ltd.. Jan Jan pfd. .100 & 5,814 5% * Apr 6 Columbia Packers Ltd—_. Canada Feb 3% 16 Apr Jan 20 7% British Co 8 17% Feb 62 100 2% American Feb Apr 8% 13% 10,380 21 16% British Feb 8 Api- Jan 9% 4,946 ® Vancouver, Apr 2 Apr Jan : 6 8% ' & Brewers Jan 15c 17% 1st Apr 2% 6% Feb 15% 6% 30c 3% * Ltd.— P Mar % 2% Mar 15c class A 6%% Mines Dome Jan 50 i4% • Paper class B 3% Feb Apr 2% Mar Feb Paper Co..17% Oil & Cadillac Central Jan 25 100 —100 preferred— - piu Tel 7'M Malartic 6% 20 Last : —.—a Power & 8 Apr . 17 Trust Bidgood Kirk Gold Mines Ltd.*. 4 100 - 102 Friday . Paper common 233 Apr 22% /. • Bralorne Mines Ltd Home 455 8 Par Abitibl 5.00 A Brewery Ltd Homestead 7% 14% 100 ' i5C Apr 7% Mines— Feb; 7% • 75 ; STOCKS— i5C 15c 2% 6 32 Southern Canada Power 6% Api- April 24 to April 30 both inclusive, compiled from official sales lists .. 50 28 1 Bridge Co Ltd 13% 194 v.;Canadian . 100 32 of Canada 6% Grain 25% 160 100 . 100 2% 400 Manufacturing 7% Power Corp Jan Montreal Curb Market • 30c 6% 1,072 Noorduyn Aviation Ltd.— Jan 74 71 100 _ .."••• 2% Mar * Bank • 50 27 ovc Corporation 10 :' >, {•* \v of)— ' 2% 4% Moore Bank V;".j ; • 22% 73 —* of Canada 10 27 .... Massey-Harris Co Ltd 137 87 7% * (Banque Nationale) (Bank Royal Bank Jan 4% Mitchell, Robert Co Ltd Ashley Canadienne 8% — • <fc McColl-Frontenac 10 27 Voting & 93,^ 4% Paper & Power.. Teleg 280 Banks— Montreal Maritime 45 preferred—100 7% Milling Dalhousie 74 ® ———® 1• *,'i;' * 17 48% 13'A 25 common—— Feb Jan 13% * -100 15 40 12 -i-00 Winnipeg Electric class A— 30 288 126'A 126'A 7% * 4— 80 4% 7% 87 * common I—... Leaf 13% 4% 4%; ——100 Wilsils Ltd Maple Jan „L* — Power 39% 8 Utilities Corp class A—* St John 25 30c __ Ltd—* International 2im' ■ 12% 13 100 ■— Co faints MacLaren 43 2% 65c International Lake 77 6% Ltd—" Hydro-Electric Securities Corp Class B Jan Jan 12% Linol J._ A Jan 25% 85c Apr * Corp Preferred Jan 48 ——® —— 27 31 Canada common Preferred 7 —* preferred St Lawrence Flour Mills common. St. Lawrence Paper preferred Shawlnigan Water & Power.. Sherwin Williams of Canada com .... Feb 6% —* * A of > Mar 39% Mar preferred —————— 100 Quebec Power — * Regent Knitting common.. — ® Preferred J —.-25 Co 101 % Mar Apr 5 '!o Preferred Jan Jan Corp— Corp 98% 166 19 preferred J —100 of Canada..—i—_* Price Bros & Co Ltd common ,—_* Lawrence Feb 29% Corp Class 13% 101 % —* preferred Jan 1,105 33 ———i Paper 12 13% Penmans Rolland Apr Apr 1,545 Aircraft.'..! Car Preferred 11 13 Light Heat & Power com—.100 Ottawa Jan 525 101 Products common——® Steel 8.90 10% 6% 1 common Car Jan 38 Co common.: Breweries Steel 4% 19 '•> Ltd Co .'.•>•267 6 19 common Ogilvie Flour Mills common. Steel 107% Jan 37 Niagara Wire Weaving——-4.-——.—* Noranda Mines Ltd • St Jan o 37% Light Heat & Power Cons Power 94 500 com..* Oil McColl-Frontenac Ottawa 269 5% 50 (C W) common—. Ontario Apr 10 com.—i_* Massey-Harris National Feb 10% 5% preferred—.—25 Bronze International Mont 86 Jan 13 " common—5 Can International Lindsay Jan 10 * of Mar 106 Ve 107% ——_—100 Imperial Oil Ltd Imperial Tobacco 9 8 5%; Mining Bay Jan 79 "9% 107 Hollinger Gold Mines—..——5 Howard Smith Paper common—.: * Hudson 7% 36 10% 5% —; Feb 2,780 83 9% Bridge Preferred 14% 181 9 83 Gypsum, Lime & Alabastine 50 15% 8% - 100 preferred General 15% L——_ Ltd 3% 180 2% __ _* Canada Ltd Companies 94 63 43 3% Ltd.. of Bouscadillac ' j Foundation Ltd 3,500 6% 7% Mar 3 65 4 7 £< 4 —* Dairies Mar 96 J..- Feb Eastern 2% 6 30c * Paper Co Ltd Freiman ' Drvden Eastern Dairies Donnacona & Fraser 325 :80 80 Oilcloth Mar 2 A— Apr 6% 96 * * Textile . Dominion Mar 165 62 __ • Works Apr 9%. "Jan 10 * Ltd—— Limitee Engineering 30% 8% 8% * common—* Frere Dominion 33% 1 ' _* ... Ltd Aircraft 7% 430 87/8 8% & Corp Motor 3% 380 7 13 J/4 Aircraft Corp David 169 Feb 2.50 Ford 105 125 Paper Jan 162 93,4 —— Consolidated 148 15 43 A—.... Fleet 75 28% 13 . 8% B Dominion Tar & Chemical Dominion y Preferred Apr 39 162 62 common..u.* Apr 12 6,153 . Sec Div 18 Va 151% 153 —..5 Consolidated Apr 39 Va Mar 162 * Preferred Apr 3% 60 32 ' 13 i—.100 Glass 190 26 :'y 27 —25 Bridge Coal preferred——. Dominion Dominion 665 32 Alcohols Ltd Commercial Cub 151% 2% City Gas & Electric Corp Ltd. Apr Apr 26 /'£i 15% Mar 6 Ltd.— 10% 133 60 .'Ak'w Wines 34 71% Jan 362 * common ©eagrams Chateau-Gai 36% 33'A 44 135 Ltd Co Jan Feb 28 is High 3 ' Products Ltd.— Jan 25 28 17 100 Fairchild Aircraft Limited 25 43 Wcstinghouse Catelli Food Jan Apr 28 Canadian 31% 232 ' Jan —L Apr 31 43 * Ltd 7% Jan 11 Vickers cumulative preferred 12% 17% 11% 27% Apr 60 11 7% 32 40 11 250 1 Jan Jan 11 o i .J— Apr 98' Jan 4 yi 37% Co.. Mar 27% 16 Jan 37% 100 : Marconi 6 27% 11% * Jan 5% Jan 150 4% 4% 25 l_ 15% 30% 16 Locomotive. Feb 31% :4%: y ————_* B Canadian Apr 4 Mar 1,925 137 137 preferred 9 3,025 33 1.45 37% ♦ Jan . 270 30% 33 100 — Canadian Converters Co Ltd Canadian 9% 29% 33 25 common Feb 4% 1,274 V 1,500 * •— 92 1,142 50 26% Jan 13 240 * n Jan 2 20 Steamship common preferred Apr 23 Va . 730 98 Canada b'fe Jan 23 45 Canada Power 152 125 14% Feb Jan 5,219 3 15% 12% Mar 141 227 25 5% Mar Jan 21% 360 13% 97% 98 Jan , 100% 3 5% Cement common 83 Jan Jan 105% 30 151 14% 9% 11 25 Building Products A—i_;———— Feb 772 18 i;. ^ 82 Apr 545 :V 24% 20% * A— * Preferred 15 125% 151 20% v; * '.J. B Canada Feb 13% * 100 Paper A Co of Canada L 6V2 18 Columbia Power Corp British 32 23 common-- Power Telephone 8% 101% 101% 24% 4% 14 Jan 125 101% * Breweries Bathurst ■ .. ?—50 Corp Asbestos 11% 82 3 * 7% ' Low 2% Industries Ltd class B Canadian Range Since January 1 High 3 Dredge & Dock Co Canadian 35 82 High ; Feb 3 13% 8% * common-— of Canada pfd Aluminum Co Assoc ———. T Low 5 4 4 13% ;_* * 100 common— common Range Since January 1 Low Shares n* common Canadian High Low Par Ltd Canadian Shares of Prices Works Ltd common......# Glove Algoma Range Sale Price STOCKS— Breweries Preferred Sales for Week Week's Friday of Prices Par Canadian Sales for Week Range Sale Price Funds ' Week's Last Montreal Slock Exchange '■ 2.10 1,105 13% 14% 80 11 11% 300 1.60 13 9% 23 Apr Jan 2.55 Apr Mar 15% Jan Feb 11% Apr THE COMMERCIAL & FINANCIAL CHRONICLE CANADIAN MARKETS Friday STOCKS— Par Caldwell Linen Range Bread Canadian Canada Malting Co Ltd.... Canada Packers Can f .. — Permanent 4% 98% 23 300 3 7,;.-' 40 Mar __ 98'% 92 Jan 65 20 7 Apr 39% 120 36% Feb 87'% 88 70 79'% Jan 133% 132 134 27 _ 10a Mortgage 124 Steamship common— --50 Preferred Canadian Bakeries Jan 77 of Canadian Breweries I MacLeod-Cocicsnutt Gold 89 Apr ; Madsen 140 Feb • .. Malartic Apr Maralgo Apr Convertible Jan 80 Feb 129 Jan 140 28 ; 21'% 21% 22 325 19 Jan 11'% 7 10'% 11% 194 10% Jan 9% 9% 10 845 29% 30% 515 33% 175 ; n. . .... . Preferred — — - Celanese Preferred Iw25 -7'7-7 7"^ *7^ common— Dredge Industrial class Canadian Locomotive Canadian Malartic Canadian Pacific Jan • 39 4% if 22 7 •■ Canadian Gold Cariboo 27% 33% Apr Jan 138 5 133 Feb 155 15 Jan 4% 400 16 30 138 Apr Pat Central Porcupine MinevS Chateau Gold Gai Mines- •••: Research Chemical M S & Moore Light -Corp Cockslmtt Plow National 20 11 Feb 12 Apr 10 16% Apr 19'% Feb 95c Jan 1.35 Feb 54c Jan 17'% 1.25 1,600 75c 603 1.15 5 600 1.00 Jan 8c 8c 1,000 7%c Jan 3 25 1 lie 7 16c 16c 7':7 * • 7:; 92c 1.05 1.75 90 Vic 93c 4,600 93c lie . Jan 11 77T177 20c 24c 7,400 __5 43'% 43% 44% 155 37'% Consumers Gas (Toronto) 100 __ 128 130 161 123 Co 100 85 33 Aircraft Cub Davies Delnite Mines Apr 4T«c Apr —* 32 22% Mining Duquesne 22% 25% 335 Jan ! • Mines—*7.*——**—1 Gold Mines- Ford Co — Gold class 5 r'<: Steel 40 2% 100 8% Jan 1,000 4%c 19,400 ■; 1,875 3.10 Jan 975 21 Mar 5,000 2'/bc Jan 4 510 3% Jan 22 22% 22c 23 c God's Lake Mines Ltd 3.90 Goid Golden Mining****——'——:———X Gate s 7 Porcupine Pamour Preferred Gold vt common —" preferred./—— * Greening Wire Co Ltd *— * Grull Wihksne Gold Mines—.-—1 Gunnar Gold Mines Ltd——, 1 Lakes Great Voting Gold Pioneer Lime Gypsum Hallnor Mines Ltd Hamilton Hamilton Canada Preston. East Dome Rock Gold Russell Oil . ... Industries 10 Feb Apr Lawrence sit Lawrence Shawinigan Water 9% Dairy Oil Simpsons class A... Sladen-Malartic Mines 3c 2c Apr Feb 29'%c Mar ^ Jan 6%c Feb Slave 75 62 Jan 83 Apr Standard 54% 15 51% Jan 55 2c Apr i,1 3,500 3% ,2c. 4 1,000 ; 85 3% Feb 16% 16% 10 14% Feb : 12% 12% 80 10% Feb ;5c ;%:;5c;:/4 2,000 1,900 5% 550 5c 3.50 2%c Jan 11 %c Jan 5 Jan 3.50 22,826 160 / 45c45'%c Lake 2'%C - 4 Jan Apr 18 Apr 12% Mar 525 4c : Feb 2.50 Jan 4% Jan 1.20 Mar 85 Jan 3,005 40c Mar 1,500 2c Apr Straw Lake Beach Feb Sud Feb Sullivan Contact 7c 3.50 Api- 6'% Apr 2.00 100 Apr Apr 58c Jan 3%c Feb Tip 15 Api- Twin 11% 10% 1,285 3.55 12,025 3'%c 3%C 1,000 18C 18c 1,000 29% 29% 260 60% 21 3 436 28c 28c 28c 2,300 .* 14'% 15% 865 100 93% 93% 45 93% ..—100 International Petroleum International Jason 14 Mar Jellicoe 8.50 Jan 2.65 Jan 5%c Jan 17 %c 3.60 Jan 3c 21c Ltd of Kerr-Addison 26% Jan 55 Jan 32% Mar i 65 Mar 4%% .54 157 Kirkland Hudson Kirkland Lake Gold Kirkland Lake Bay Townsite Shore Mines, Lamaque Gold United Fuel Ltd & Sons Ltd Cadillac Jan 174 footnotes see page Apr Jan 17 % Apr Jan 13 39 2.80 20c . 17 98c 12 3.05 7,438 22c 3,200 17% 1.86 Jan Mar 16% Mar 95c 1.02 31,008 6.20 6.20 376 5.75 8% 250 8% 8% 425 8 Mar- 12% 12V? 12V2 3.25 Anr 8% Apr Apr Jan 4' 18% Jan Feb Jan 67c - Feb 430c Jan 8% 8% Feb 13% 39 Apr 18c 200 Apr 6c Mar 39 100 ii^;L5'- 175 Jan 2c 1,000 1.03 6.80 10 4 Apr Apr Apr 8% Apr 12 V2 Apr 50 10 7 ',7 3% Jan 96 V? ... . 97 60 86% Jan 97% Apr — ... 7% Mar Apr 45 %c Apr 45c Jan 1 %c 1%C 14.500 1 %c Mar 3%c Jan 4%c 47 4,000 3%c Jan 110 4% Mar ———1 , ... 4','ac ** 4% « c 4% 71 73 75 .75 75% 195 * Gold 1.70 1.68 1.74 8,750 * l%c lVsC l%c 12,000 1.85 1.90 % 1,579 2 7. 72 -• Mines 36 59% 66 • Jan 74 Apr 76% Apr Jan 2.14 Mar lc Jan 146 Jan 2%c 1,100 2 78c 1,100 65c 1.53 1,350 —J. 1.50 1.46 *~ 11% 12 35 1 2.70 2!65 2.85 3,505 1.80 1.80 740 Feb Jan Jan c a 7c 47s 1.51 78C ,, —X _*— —,5: —- 0 * 7 V* —; 65c l%cMar / 2.10 Mar V4C Mar 4c Jan 82c 1.28 TJan Apr Jan 1.68 65c 7V4' 25 10 % 1.85 Jan 12 Apr Mar 3.20 Apr 1.80 Apr Mar 6 Jan Jan 90c 7% Feb 65c 100 28 28 50 23Va Jan 30 52% • 52 V4 5 50 Va Jan 52 % . common.—_— 61c Jan 75c Feb 26c Mar 35c Feb Jan 35c Api 8 % 80 6 Apr 346 6 Jan 10 22 Apr 6% 6%. 1 ' 22% 8 Vz 8% 15 7% 33% 34 - Jan 18c ; Apr . 47c Feb "Mar 9% Apr 7% Feb 23 Apr 9% Mar :. 250 32% Jan V-4 4 119 3% Jan 4% Mar 7c ;_v 7c 500 5% Jan 9 Feb 6 Apr 10 % Jan 16 Apr 90 Jan 99 Mar Vermilata Vulcan Oils Oils Apr Waite-Amulet Walker-Gooderham Jan 19% Apr Apr 115 •; 37 Feb 30c 800 20c Apr 30c 18c 800 13c Jan 21% Mar — 2c 2c 3,000 . Apr 3c Feb Mines, Wendigo Gold Mines* Western Canada Preferred Flour Grocers 60 9,945 31c 31c 1,100 20c Jan 40c Mar — 63 %c 65c 2,510 55c Jan 70c Feb 10c 10c 500 10c Apr 12c Apr Wright-Hargreaves Jan 16 Apr Ymlr 10% 4.85 4.85 4.85 60 3.«5 13% 13% 25 13% 6c 6c 6c 5,300 oc Jan / 13c : 4% 95c Jan Jan 4.40 1.28 Jan 6.00 Feb Feb 12c " 13c 18,400 9%c Jan 15c Jan 18c • 18c Apr 6.35 Mar Jon 5.30 Apr 14% Mar Jan 9>%c Westons Ltd 18c 400 18c '- Apr 36c Feb common—; * 100 Yankee 84 99% .* 3.40 — , 20% 19c Jan 24c Feb J B0 3 Jan 5 Apr 205 40 Jan 87 Apr Mar 3,700 — — . ... Apr Apr 15 55 Jan 75 12 Feb 14 % Apr 94 Jan 99% Apr 99% 10 4 1,332 42 422 3.40 3.55 3,215 8%c 9%c 4,500 40% • 490 70 14 Bonds— Uchi 6 4.95 Mar 56 Jan 19 Apr Feb Jan Jan 47 455 39 4 41- 3.40 455 •v 3% „ —* Gold.™ 4% 14 — - Mines.—. 21c 21 '/2c 70 __ 7,275 56 81 80% —.—.100 Girl 4.85 20Va 4% common..——* _ 20 . : Electric common*——— * ——.1 —: i*—__—100 Preferred 4,75 2OV2 >'• /—*———1 Preferred Winnipeg * common———_*_* 12 5.90 12 970 com—54'% _———— 12 Jan 5.60 V 5.60 4,80 % Worts —— 5.75 4.75 4,500 Ltd.* & Preferred 5.90 10 1,500 1.12 Apr 16c 1%C 5% 1.08 —L.—. 17 97 Jan 5% 1.08 Ltd—.1 1,049 Jan 5'/a —1 " J*lf;;: 18% 90 112% —* Ventures, Ltd. 18% 550 12c 1,000 22% 50 — Apr 13% 6% - —* Upper Canada Mines Ltd— 2,108 8% *- —* United Steel I2c 36c __ Mar Feb 18 '/a 12% 12c 35c 1 —— Apr 13% 1643. Jan 25% Jan Api- 39% —___1 Feb Jan 29c 12% Jan ___ Mines 21% 39c 14'A 33 * * Gold 22c - 25 13 Apr 4tac 142 1,000 Ltd—. 813 1 914c Jan 4,650 class A__.—— Oils 115 _l — 13 Class B 37% 1 3c 39 ! 8% 37 1 Mar 35c Jan 20c * Jan 35c 41c43%c Mar -* .—.— Mines J ang Lapa For Mines Mining 3c *_ B 115 __ Apr 44c 35c —— Corp class A Class 93'% 1 23c Feb 35c 10 11% 18c Mines Feb 134 163 % 163% — 2.90 Union Gas Co of Canada****——*—? 37 Canada..—— Gold 834 Jan 152 United Western Kelvinator 2.25 Mar 50 Feb —1 __ 1.72 Jan 15 Apr Mai- 1 Mines 9IV4C Apr 150 City Rapid Transit common—* *_ . Jan Jan Jan 16% Resources 115 Utilities class B..*___u*_l Mines 65c Mar 6 16% 16% -——50 * common—*. Apr Apr 41c Preferred • —— Nickel Feb 2.10 100% Apr 10 3.35 — 60% Milling preferred—...100 Apr 58c 225 Mines Elevators Toronto Transcontinental 2,848 A 52c 80 24% Toburn- Gold. Mines*.*—1 Feb 12 Preferred Jan Apr 1.90 ——1 Top Tailors; common-* Mar 13% International ■ 1 Texas Canadian Oil Corp 47c 173% 174 International 1314 Jan ——„—i Tamblyn (Ltd) common Teck-Hughes Gold Mines s'V 17c 11'% A 1.25 100% 17 Jan 1.05 Feb Feb 12% — i Jan 23c Apr 23% Mines.,.* Jan *_ common 1 Mines Cons 10c 174 Metal 3,025 Mines** — —1.90 Ltd.*.1 • Sudbury Basin Mar 17c 40c 75 12% —— 1.85 —.25 500 ..—100 Preferred 1.73 100% 100%A 39c 1 —* -* Mines Iron 1,000 15 Imperial Oil * —* Imperial Tobacco ordinary.—.,—5 Inspiration Mining & Develop Co—.1 International Mar 1.60 1,000 Canada common— 2c 3.45 . ; ... Preferred 45c 15 — 12 5,595 __— Steep Rock United Imperial Bank 255 1.66 1 —: Petroleum Radio Steel Co of 7%c 5% Gold End 13 %c 13 %c I 131/4 1,60 —1 Mines 2c 18c 29'A 12% — 100 45c Mines- Mai- Mar 4c 4%c ._1 Hudson Bay Mining & Smelting-—— • Huron & Erie Mortgage Corp com—100 Gold Howey Mar 85c .100 : Gold 54'A 10 4,000 1,100 16c 95c 2,000 Preferred 83 4c 13c 13 %c ; 19c 95c —* Class B 82% 5% * 18 %c .. Mar Siscoe l'/ac Apr I2l/ac Jan — 5 4c —4 Feb 2c Gas——___——_1 & Apr -52c —__50 common- Feb 45%c Oil—*— Home 3c ———-—1 3'Ac 1 Hollinger Consolidated Gold Mines Homestead 500 8c Mines—. 13 %c I3'%c 3c 139 Preferred Api. Gold Jan i 3c __ ..10 Power Mar 256 * Apr 3Vac .— & 2c —a Apr 92c 139 Goid Mines Ltd. San Antonio Senator Rouyn, Ltd 10c 100 : 98 Jan 3%c Paper Mills preferred 1,000 97 — Jan 57c J.75 1 Mines Corp class A. 1,000 97 Co 88% ,7 %c Gold Sherritt-Gordon 87 / 1.80 Oils Fen 75 1.65 .100 Anthony Sigma Mines Feb 5% Dauch Paper Apr 9c 4,632 * Towagmac Exploration Co__Hinde & 4%c Jan 9,000 :_100 Preferred St Feb Jan 1.80 Hedley Mascot Gold Mines—- High wood-Sea rcee Feb Feb 95 1 common..... 11 —————1 5%c 1 — ———_—— Apr 8 5% . Jan 80c — Mines—*^——***1. Royal Bank of Canada——— 32c 77 1.80 Miues HarkerGold . *• Lac Gold Mines 23 67 —* — 4%c *_i * Reeves-Macdonald- Mines Jan Mar common*.———1 Theatres Preferred Hard : —— 1.30 Apr Jan %c Mar 8 100 Bridge Feb Apr 1.00 95 1 B, C Mining* 2c 1 .1 1.04 75c 1 Sylvanite Gold Mines. Ltd Halliwell Gold Mines*—.—*—.— Jan Feb Power Corp of Premier Gold 8,300 : 1.30 __ —J0Q Powell Rouyn Gold Mines.*——**—1 Jan ; — Apr Apr 75c 95 . 21c * Alabastine, & Mines. Mines of 19% ** 0" 1.19 49% 80c. * Ltd———* Power Co Rico Porto Gold 20c r_ Paper trust 5c Engravers & Electrotypers—__ 20'%c _* Jan Jan Jan 1.Q5 82c 1.30 50c Apr 40 4 • , Mines...——.——*.—1 1,000 83 ———50 Graham Bousquet Gold -Mines.——1 - . 77c , 1.30 Pandora Cadillac Gold Mines.——1 South Goodyear Tire & Rubber of Can com—* 47 Feb Apr Apr . 19c Mines 202 **» 34c 38c 1.17 77c — 2c • 38c 1.15 46'% preferred——. 10 , 145 llVic Jan 11 _—1 Jan 65c lV'zc 21c 125 Apr * 73c l%c Mines.*—*—*—,.——,—1,' Eagle . 145 7c Apr 5'% 65 84 .51 : common* 10 __ -—*• — Ltd———, Mines Goldale 82 84$ - Mines :Ltd___,_—__ Gold Glenora 100 — Jan 3VaC Feb 23 3%c 8% 38 47 : Page-Hersey Tubes Ltd Apr 22% 8% 49 27% Jan 4414 5 — 48 145 Ltd Ltd— Roche .Long Feb 6 4% ——* 415 *_ Reno Gold Mines 1.35 3.75 600 Jan Jan Mar 14c Jan 1,293 Jan 12 25c 1.20 4% ' 8% Mar 25'A 14% Mines Apr 10c 3%c 23c Jan 7% 26% 1,100 Feb 5,475 * 345 : 6 7% 14% — 30c Mar 85c 5'A 81c Apr Apr Apr 12% Jan 1.09 12,550 7 • Omega Gold Mines— Feb Jan 4c 47% 50 • Mai 30c Jan 4% 25 20c 7% Mar 12'% Jan 44% 290 : 31c 9 4% 152 A 1.167 Jan 3.70 '' \ 1,000 Jan 1.29 47'% • 39c 5% 83c 22% Wares Jan 23c 6% 10% 21% ~—* preferred Feb A 27 .Ltd Okalta. Oils '77 Silverwoods General 37 %C Jan 38c 25 108 S A Gatineau Power common 50 Jan 24% • 23c 321 1.17 •'' ■■'* 267 ■ Prospectors Airways-Co****.;—•_.* 9 -*7' ■ Mines—— 47% 45 t Queenston Gold Mines 6% 10'%c ll'%c ■' Jan 8% Mar ; Canada of 46% Feb 28c 6,100 1 80 9,015 105% Feb 3.70 21'% 3%c Kirkland Francoeur 25 30c. 1.22 Jan 1.02 Feb 20 85c - Candy Shops———1 Mining Co.*——..1 Farmer Aircraft Ltd—— 1,700 1.85 23% 400 7c * *_— Ltd Oil St Fanny Mar 1.92 Jan 108 1.18 ,*——25 Falconbridge Nickel Mines—*_*——. Federal Feb 18c 500 8% 7c lie ————-1 Fleet 99c Jan 6.600 mo% 12'% > *_ __t Malartic Eastern Jan lie 80c Apr 8% 12% —*_* Eldorado 24% Apr 83c 1,000 52c 7% Api- 156'% 6% __ 20v Equitable Life Insurance 29c 25 56 7 1.58 29c / Feb Mar 100 Jan c 77c 25'% Jan 8% f 8% * Oil— Crest 1 Jan 47 11,765 13c 1.55 1.55 92% 7. :95C: 13c Mar 7% Jan •- 15 ;52c 7Va Apr Jan 142% 245 23% Star Royalite East 87c 6 A pi- 7% 17 ; 60 ' * Apr 33% 18% 1 108 Ltd com—* Co———— 3%c Mar 1,345 '4;-vv 155'% 155% __ —* —.—— 7,000 21 % 22 155% —25 Woollens & Worsteds 900 4%C y-31% 32 _• 100 60c 4c —;*■_*———i——100 Preferred 90c : Pickle-Crow 60c 60c 4%c Foundries & Steel com.——22% Dotn 1 Photo Feb — 7,/cc 50 98 50'% Apr 50c 1 —.1 .— 6% 98 50 Va 16 7 Jan 3%c 2%c Mar Jan 76% Jan Feb Dominion Stores Apr Jan 98 85c 23c Dominion Tar & Chemical common Apr 16 % 5% 50% Paymaster Cons Mines Ltd*———,.1 Jan class B__ Feb 8% Jan 14% 76% Perron 10c ___ Api- 2.09 Jan 654 •• Api- 130 3,500 - Ai>r Apr 4% . 927 7% 16% 37% Jan 18c Bank Dominion 45% Mar 16 c Mines—*.— Preferred Jan Apr 60c Dominion Dominion Steel 34%:,. 1.20 Mar 11% 100 Mines Ltd-. 1.65 Apr » 7'/b 16% f Corp Oils 60c Distillers Corp—Seagrams common Dome 34'% Mining Crush ■.:> 60c Ltd—.: Denison Nickel 3.40 1.84 Jan 10V'4 1,000 3c . • 1.17 Pacalta Feb -——:—16c Petroleum 3c 7% 1 : .* Orange Mar 60c * Corp Feb 1.26 1.51 Mar 70c 3o0 311 ; Jan .2.30 Nickel Corp 85c 9'/a Coal 7% 15% 49 11% Mar Jan 9% 160 Pass Jan Jan 26 Tb Ontario 98c 20c 650 400 Nest 7% 15 % —6 Pipe class A* 27c Jan 7oc 94c Crow's 7% 15'% : Mines O'Brien Gold Apr 2.65 11% Smelting . 1 Feb 1.05 94c , Apr 18c 11% Consolidated 6,325 common. Negus Gold Mines— North Apr 3 ' Apr 7 94c Canada—*_* of Bakeries 1.75 Power. .National Trust Co Ltd ; Normetal Jan 11 * Mines— 1.66 * Sewer Apr Jan 1.75 20c _* 1.34 65c 10 11 '% Coniaurum 18,900 i—* Noranda Mines lOVze 16,556 1.75 ♦ Consolidated 1.08 common—**— Preferred Apr 75c 2%. Mar 4,300 92 %c Mines Petroleum—— 99c National Steel Car 7% U.OJi 1.75 Co Commonwealth 1.00 common— 44 17 Mar 36c 9,870 ; & Muirheads Cafeterias / V Natl Grocers 17% 8C .*—_—*—. Gold 4,926 Mines.. Heat Feb 7 > Corp. Willans Cocnenour 3,670 1.65 Porcupine Mines.** MonLreal 7 Api- 1.08 Cheslerville Larder Lake Gold Mines—I Chromium 2.99 1.55 T—— Mining. Corp of Canada.. Apr 75c if 2.82 1.55 Mines.— 56c 1.22 7-v* 1 Wines Apr 2.90 common-**— Lake Gold 12 12 lv;: — 1.00 21% 19% Feb * *_—.■' Feb 12 1 Mines —.—— Central 19% 17% • common Red Nipissing Castle-iTrethewey 150 277 Apr Jan 5 Jan 10 41c 11-VB ty . } Apr 18% Jan 3% . 11 ■ _ . Mar 66c 3,900 19 ■—*—*,——***_***— McWatters Apr 40C _ Quartz Mining Co McKenzie ■12 7, Feb, 30% ? V'"-7.7'1'7-^, Boxes 70c 20'% - .. Mclntyre Porcupine Mines* Apr 27% Mar 17% 15% if U'A Wirebound ; Apr 4% 7 15'%' __ Rv Class B—————— 69c 20 ya 18% -20 Preferred • Apr 10 138 •; 77: Mines... Apr 1.67 Mines _ Mines McColl Frontenac Oil !7 77V37;.' Apr 7% Mar ■ 16% '•' "A" Ltd... Co Gold 3 1 . .... Preferred Moneta 33 33 — — Alcohol Apr ' ; *.100 — 1.35 1,335 Apr ' Canadian Can. 2% Mar 7 ■ Jan preferred Gold Fields- Massey-tiarris 66 28 Canadian Car & F'dry Co Ltd corn- 69c » 4 286 ™20 Mai- 200 c/':73./7 '7;. —1 Mines__ Milling common.. 36 37% pfd Leaf Jan 37 1st 85c •<' Preferred Jan 2% 5% Gold 8% 37% Canners Lake Red 2% 75 2% $>&.. 37"; 10% .1 — Feb 12% common—— 7 Jan J.an 1 Macassa Mines. Ltd— 24% Mar Jan —*-_*———_ Preferred 9% 60 %c 18% Ac,: .. ——— 39% 31% 7: 134 * * A.. * 154 , 77 134 Commerce.*— -100 Bank ' 968 36 7. 774'- >774V- 2% . High 285 6,400 • class Groceterias 410 12% 35% 36 %:M 4 common...— Canadian Canadian 12% :—.**——*!:'_-*** Preferred Canadian 7 12% * '78c I * Low 11 82c 10% '82C, 1 Ltd Long Lac Gold Mines Ltd Class Maple Canada 10% Candy___ Mines, Range Since January 1 High Apr 40 98% 7*?; Loblaw Jan 98 20 Little Apr 5% 7;,/ 20 77 39 ./•J"• .. Api- 4% ,7/ 43 , Gold Levy Bros Jan 4% 225 Secord Leitch • Feb 32c Jan 25 43 5% 77 Jan 21c Laura 1.61 Feb Shares of Prices Low Feb 24 Apr for Week Range Sale Price High 1.15 Jan 88 _. Foundry & Forgings cl A _ 1,600 42% • 5% 00 25c 5% ■ * 40 2,800 ■4%: - B—— class 23 1.60 24c V 1.51 * common..- Low Sales Week's Last High 1.51 -u... Bread Preferred Low 7*.' L." 23 « Canada Cement common—— Canadian i"'1: 1st preferred- Mills Calmont Oils Ltd Canada •v-- ' Friday ♦ STOCKS— Range Since January 1 Shares of Prices ■ Edmonton Corp Ltd...— Calgary , Listed and Unlisted • Sales for Week Week's Last Sale Price ■ Monday, May .3, 1943 40% $1,000 3% 20 2.50 8c Apr Jan Jan Mar 4 Apr 44%. Apr 4.20 Apr 9%c Jan Volume THE COMMERCIAL & Number 4173 157 Toronto Stock Week's Last Low Dalhousie Oil Dominion Range Since January 1 Shares Co Ltd__; Bridge I k' i Canada Bud Canada Canadian Coast • Breweries 0 Vinegars — Marconi Copper Co Consolidated Low Par • 10 315 2c 2V2C 1,800 1.30 1.30 27 • Paper Corp Osisko 2 s,« Apr Pend 3% 3% 1.80 Feb 3% Jan 1.20 4 Jan 3 Apr Feb Jan 30 Apr 78c Jan Apr 1.35 Apr 8 9 35 Apr 9 Mi Apr 4c 4 Va c 7,500 2%c Jan 4V2c Feb 11c 11c 1,000 7M»c Apr 19c Jan 1.64 2,112 1.05 Jan 23 Supertest Petrol Corp ordinary——* Temiskaming Mining Co__ ____1 3,622 '1' 43c 25'A 5,900 v 91 1.61 Ltd Mines Oreille 1.30 Jan Jan lie 24 150 6c 6,000 1 Lake 110 ' Ms. Apr Selections 27 Ma High 70 29c 4c Apr 8 Oil 15 2,150 1.20 Humberstone Shoe 10 200 % High Feb 135 8 Low 91 21c 27'A * 6% Jan 85c" Jan 6 10 7% 5 ... High 10 7% 2%C Ltd LOW Range Since January 1 High 30c __ » Foothills Oil & Gas Shares 90 * • •; of Prices Corrugated Paper Box Co preferred-100 Sales of Prices Sale Price ' Par for Week Range Sales for Week Range Sale Price official sales lists April 21 to April 30 both inclusive, compiled from Week's Last STOCKS— Funds Friday 1643 Friday Exchange-Gurb Section Canadian STOCKS— FINANCIAL CHRONICLE Ltd— Mines & 1 _ Metals 5 5i/aC Mac • 8 18 Jan 5M»c 1.74 Jan 24 Feb Apr 8c Feb OVER-THE-COUNTER MARKETS Quotations for Friday April 30 Insurance Investing Companies Far Par ■ Bid Ask 7.62 8.28 Bid Par ____1 V/< Affiliated Fund Inc„ Holding AAmerex Corp American Foreign Oil Stand Assoc 3.02 21 Vi —10 American Business Shares-. 3.11 1 Series 3.31 B-3 Scries B-4—. Series K-l 15.15 K-2_ 16.92 Industry Fund 18.67 Fund Bullock Scries 10.16 American 25.3 8 27.22 13.95 Ltd—1 3.00 3.60 * 26.90 28.93 Maryland Fund Inc—__ 1 9.59 10.38 Mass Sayles Sec Fund Fund Inv Century Shares Trust—: Fund Chemical 2,290 —100 Preferred 143 4.38 1 Commonwealth Invest— 33 Ma 1 Trust Consol Investment 2,390 133 com—100 Securities Christiana American 88.10 10 Common —10c Investors Mass Investors Mutual Fund Bankers & 2.15 National 1 ACrum & A 8 1 mod AA —1 A 7 preferred 7c IUV2 —100 Trust Shares Cumulative : 4.61 —• -1 18.82 - 20.35 Bank 1 .5.15 25c _ Dividend 1.18 1.29 Shares— _1 19.15 11.50 Fund Fidelity General Reinsurance Gibraltar Glens Falls Fire 5 Globe & Republic 5 9% 10% 5 28% 30% Mutual First 5.84 17.03 18.34 1.72 1.8 J Trust 5.34 Inc—2 20.17 22.10 Fundamental Trust Shares A—2 4.47 5.36 Fundamental B Invest 4.84 5.21 46 % 49 Ma 16% 18% 41V4 10 25% Agricultural 92 V4 shares Automobile 6.74 5.22 Home 7.01 Homestead 7.33 8.07 10.10 8.13 Building shares———— 6.26 6.89 Chemical shares.-——— 5.96 Equipment——— 8.17 8.98 4.47 4.93 Food shares —— bond General shares 6.89 45% 85 88 8.15 8.96 13% 14% 10 34% 36% ___2 5% 6% -10 25 % 26% —10 (NY) Corp 22% 24% — (Texas) (Paul) Paul . Fire Fire Marine -62 Ma 2.71 & 2.01 .10 47% 49% 10 39% 41% Springfield Fire & Marine. 25 124 % 128 Ma Standard Accident 10 67 100 458 Security New _ Haven — 47 Travelers stock 6.79 _ 69 % 468 Amer Trust . 16% Insur Co of North America—_10 76% 78% i 7.11 1955 ___• Fidelity & Guaranty Co Fire. S U S 2 31% Westchester 53% 74 Va 78 Ma 31% Fire 33% 51% _ Guarantee 33 7,(1 6.64 New York Bank Stocks 39 Hid 10 •V.' Ask 19% 20% Par shares 1953- U S .20 Jersey Insurance of N Y. — Series 30% U 5.40 6.46 6.03 . 15% 11.15 4.90 _J'-" Railroad equipment 28% Fire 7.47 10.14 __: 5 10 Par .'•1 ..--y First National of N Y Bid 100 1,380 Ask 1,410 1.99 1 2.54 1956 1 1958 1 34 To .13.55 2.12 National 36 Mo City— _12Ma 32% 34% —17Ma 32 % 33 Mt - 2.49 Series Plymouth Fund Inc Putnam (Geo) 10c Fund___ 47c Republic Invest Fund 1 13.78 5.85 v • New York Trust 6.60 3.54 3.89 * Amer Selected Income 85.93 87.67 2Ma 8.97 3.99 —100 —10 __1 x6.65 6.80 • 13.87 St Investment Super Corp • 74.08 79.61 AA 1 2.27 of Amer 46% 48% 84 Va 20 93 Ma 96 Ma 10 — & Trust __ 45% 47% Morgan 16 17 Va New Continental Bank & Trust- —10 14.76 Corp Bank Corn Exchange Bank & Trust_20 Fulton 44% County Lawyers Kings _ Guaranty 7.58 28% 20 common 31% 42% 44% 20 P) & 53 55 100 Co 199 209 —.1} York 25 80 Ma 83 Ma Title 63 301 Guarantee 170 295 _ (J 14% 1,270 25 Preferred ,Ask 13% 100 45% 60 155 _..50 __ Bid ——10 Manufacturers Chemical Empire State Par Irving 358 80% . Central Hanover Shares—! Sovereign Investors Spencer Trask Fund 348 Brooklyn ■ Companies Ask 9.79 1 Shares Bid Par Bankers Inc_ Selected Public National 200 52c 12.88 1 192 -100 6.56 Electrical — 107 Mi 43% 11.10 equipment 5.75 7.39 — shares Aviation 103 Ma 5 Seaboard Surety— 12.45 Fire 9.41 Fund, 6.13 Revere 95 Va 44 Hartford Steamboiler Inspect._10 Scudder, Stevens & plark shares Republic 27% 10 Hartford 6.10 Bank of New York Group Securities— 25 _10 43 % 32.81 1 General Investors Trust 30.51 5 102 —10 ___ _ Providence-Washington 9.28 Quarterly Inc Shares———10c • Capital Corp 12% St 4.3 2 -_——-• — — General 5 98 .12.50 29 >/4 10 florp Marine American 6.37 North 4.15 Shares & Hanover North Amer Bond Trust ctfs 9.21 3.55 Trust 11'/« 27% 9.85 Series 10 Trust Shares A Foundation 6.44 12.76 Fire 8.44 Series A—1 Fixed 5 5 8.96 Metals 5.96 Newark .7.13 Inc— Steel 5 Fund, Fund of Fire__ 5.54 Oils •y Northern Reinsurance 6.44 4M4 79 Mi 7.30 30.17 34 Ine_ Inc.——____• Industrial Financial 28,06 33 76 Mt 4.64 Railroad Equitable Invest Corp (Mass)_5 Equity Corp $3 conv pfd——_1 Indemnity Co Phoenix Franklin Machinery 12.35 25% Fire Pacific 11.33 Electrical 20.57 —1 Fund Stock Pacific 67 Va Firemen's 8.56 16% 23% 5 43 1.35 stock— 15% ..2.50 River 65 Va 6.88 . Fund—— Balanced 5 41 1.23 ;* Insurance Eaton & Howard-*- 47 Fire 10 Chemical 5.85 - D 33% 45 10 Building supply 3.50 —2.50 C 27% 31% —5 of Phila 6.36 Aviation Diversified Trustee Shares— 25% 10 Northeastern 18 Ma 6.63 Agriculture 2 L Preferred Accident 11.84 8% 176 Casualty- 33 Ma 1 Automobile Delaware Fund North 3.47 1 7% Hampshire Fire York 59% 39 4.19 Stocks Amsterdam 7% Va 171 20 __ Brunswick New 22% 20% 25c England Fund 6% 2 Fire Fireman's Fd of San Fran—10 Preferred stock series.. 4 l: 6.07 Security Series— York Union New 85 Ma 5.87 Y_ Liberty National 17 Federal series 6% 73 50 57 37 11.35 • 5% 70 46 Mi.. 5 N 31 Ma 10.43 Low priced bond series New Fire 10 9.70 29 10 Mfrs & New Great Ma New shares B 27% 29 Mercli 10 10.38 series Income 118 Mi —100 k Connecticut General Life 10 voting shares Bond Insurance— Forster A Common 4 2.60 common—10 Forster preferred— & Crum 2.60 ——1 mod_^ New York 1 12 Ma , National Fire__ -8 x83 Ma 5 _1 series B shares— (Mdl 7 25 Continental Casualty National Investors Corp_ Series ACC City of 4.55 21.38 Securities— 2.26 Series Shippers Fire— Fire Assn Nation-Wide Casualty New 2M2 100 Camden 8.64 4.00 Inc 2.15 Accumulative series 7.85 19.88 Fund 2d Invest * < 10c 1 — 55% Baltimore American 36.90 —_1 Trust Corporate Trust Shares———1 AA 53% 10% 15% . Boston {Colo) Series 57 Va 14% Surety 6.75 86.34 36.16 4.76 35 % 54% Ask 9 Mi 21 15% Bid 5 National 15.29 Loomis Par Knickerbocker 23% 19 Ma 14% 25 Reserve 4.26 —1 22% ___10 Re-Insurance American x6.11 Inc—_5 Massachusetts Bonding Merchant Fire Assur 10 American Sayles Mut Fund—* Maryland 7 3 Ma 5 4.73 Fund_ Loomls 34% 10 10.59 S-4 Knickerbocker 33% 70 Ma 2 Mi 13.68 Manhattan Bond Fund Inc— Canadian Equitable American of Newark 9.60 16.92 Ltd Alliance American xl2 41 15.74 ; 56% 10 25.56 S-3 5 Inc___: Street Invest Co Broad 4Mt 3.59 _—5 •. 6.24 S-2— Series 3% 5 135 Ma 54% 25 Life 23.27 Series Shares——__10 Aetna Agricultural 16.61 Scries S-l_. 130 Mi 19.22 6% 3'A 1 A6% preferred Boston 27.52 14.45 Investing— a Common ; 13.70 Series Basic i 32.85 17.51 B-2 Series 5% 13.32 __2 Axe-Houghton Fund Inc.——1 Bankers Nat 29.99 25.06 B-l Series 3.41 10 Surety Aetna 12.74 Investing.lOc Shares Keystone Custodian Funds- 23 Ask 10 Aetna Casual & Aeronautical Securities Companies Bid Ask United & Trust 12 States 4% 100 5% 1,145 1,185 Trustee Stand Invest Shs— Investing Low £ Price Shares _< 6,37 7.01 ASeries C 1 2.15 —— • 5.33 5.90 A D__ 1 2.07 5.31 5.85 ' 5.37 5.91 _l 5.61 1 6.10 Merchandise shares. —> Mining shares—————— Petroleum shares 6.10 —- Series Trustee Stand 6.71 Oil ASeries A ASeries B Railroad shares—„—._ 3,16 , Equipment shares Steel shares Tobacco Utility shares— . 4.28 4.30 RR 4.74 3.82 shares 4.21 3.58 —— . Figures after decimal point represent 3.49 3.88 - Quotations For U. S. Treasury Notes Shares— MaturityTrusteed Amer Bank Shs—B— Income Foundation Fund Trusteed Industry Shares—__25c Fund series 72c A U 10c 1.38 1.51 —5 18.82 1943. 1 Ms % 100.2 100.3 tDec. 1943. 1 100.7 100.8 tMar 15, Dec 15, 1943. 1VB% 100.14 100.15 tDec 1946 1944. 1 % 100.16 Jun 15, 1944. % % 100.11 100.13 Sep 15, 1944. % 100.26 100.23 2.12 2.40 Incorporated Investors Institutional Aviation Bank ; Ltd— Securities Group shares—J—' Group shares % 7.81 S El Lt B & Pwr Shares A 1 ,r; 1 15, of 100.13 t%s Dec 1, b0.47 _ % % 100.18 100.20 t%s Feb 1. 100.12 t%% 1, 1944 0.70'; b0.79 - - - 0.44% 0.76% 1)0.84 1944..- 100.10 0.42% b0.75 b0.77 - 1943 May 99.19 Indebtedness— 1943_ 1945- Mar 15, 99.21 100.11 1943._- 99.27 0.81 % 17.22 Quotations For Recent Bond Issues Investment Banking Corporations 1.21 America—10 21.95 1 11 50 11.76 Bid A First & Co 1 Boston Corp 10 1% 13% 1% 15 Ma 105% Bid 106% Electric 3%s, 97% 100% 3%s 101 108% 104 % Public Service of Indiana 98 107% 1972 Ask 103% Ask Cent 111 Pub Serv 3%s, 1971 Empire Gas & Fuel 3 Mas, 1962— Macy (R H) 2V2s 1952- 23.86 Investors Fund C of 1, Aug 99.25 Penn Co |%s 99.19 1 Ma % %% 14.06 89c 1.10 ABlair Investment Certificates 99.17 % 1 „ • x.12.83 81c Insurance Group shares Ask %% __ 1944, xi.57 15.65 15, 1945 1V4 % 14% Wellington Fund 15, t%s Nov 1, tSept. ——— Bid 100.17 20.04 7.14 point Int. Rate 1946 25.01 18.34 C a . 15, 20.24 Independence Trust Shares—* 22.88 B 32ds of more or 15, 80c Series 28c Inc Common one Maturity— Sep 40c 3.JU 16c 1 Ask Jun 25c ; Series Holding Corp— Bid Mar 15, Clas6 United Bond A Huron Int. Rate . 1972 104% 3M»s, 1956 Wilson & Co 3s Pwr Wisconsin 3'As, 105% 100% 1971 100% 106% 1958..— & Lgt 104% 105% Puget Sound P & L 4MaS 1972—, Southern Natural Gas Pipe Line 107% Obligations Of Governmental Agencies % : 'Bid Ask XV/b % —Feb Bid Federal Commodity Credit Corp— 15,1945 100.2 2s 100.4 Home Loan %s„ 1, 1943 b0.75 0.603 Bank Bonds— 1946-1944 4S 1964-1944— 3V4S 3s ____i— — 1955-1945 Jan. 3s May 1, 1, Finance 103};? 104 103% 104 104% 105 104% 104 7 s S 100.23 Bid 100Va — 1943 fi/r discount b0.37 0.28% June 1943 bC.37 0.30% June 1943 b0.37 0.32', July 7, 100.3 100.5 May 26. 1943_ bO.37 0.32 '/• July 14, July 21, 100.18 100.21 Housing Authority— notes _____Feb Other June 1,1944 June 2. 9, b0.37 1943 0.32 "r bO.37 1943 0.32% July 1943——,- 30, 1943 — 1943 —. . 1943 1943— 28, —— ' 0.33', bO.37 1943——— 23, May 12, May 0.32% bO.37 • 19. Ask b0.37 1943—-—^ 16, 100.4 15.1944 Bills purchase Bid June —. at Ask Treasury bills— May 5, Corp— are 100.3 0.34% bO.37 b0.375 b0.375 b0.375 0.34% 0.35% 0.35% 0.35% Issues •No U S Conversion 3s__ 105 % 106% U S Conversion 3s 1956-1946 105% 106% Panama Canal 3s 100.20 quoted Apr 1% % iV 100.4 July 15, 1943 — 1956--1946_. 1955-1945 3s 1943 at t\% U 4s 3, Reconstruction 11 Ms % Federal Land Rates 101.1 1944— 3, Call July Banks— —Oct. -May 16, 1943 — 1%S Jan. S Federal United States Treasury Ask Natl Mtge Assn— 1946 106 M4 1947 IO8M4 108% 1961 128 Va 130 par value. « Odd lot sales, b Yield price, d Deferred delivery, 106% s Cash sale—not oonds are Included in range for year, subject to all Federal taxes. x-Ex-dividend. y Ex-rights, AQuotations not furnished r Canadian tin default. by sponsor or issuer. market, tThese THE COMMERCIAL 1644 & FINANCIAL CHRONICLE Monday, May 3, 1943 > Week THE COURSE OF BANK CLEARINGS A.A-A AA-,;.-; at Virginia—Huntington— ; Maryland—Baltimore Total A'.Clearings—Returns by Telegraph Week New Chicago — -'. V: Kansas i — - 'A 374,123,831 +13.7 482,000,000 +20.5 1,917,999 109,509,481 + 25.2 91,474,370 72,307,490 32,600,365 + 19.0 29,569,056 22,879,437 208,719,158 + 24.3 176,146,329 139,927,946 + 1,138,027 1,294,858 + Macon 263,511,279> +24.8 '- - 120,659,895 * +40.1 — Mobile Total all cities, five days 184,244,971 +27.3 +7 160,334,668 <>'. 99,275,702 +32.3 Total +27.5 1,146,129,760 v $7,920,537,849 $6,259,898,929 +26.5 ..l,408,036,611 +12.5 —$9,504,645,419 $7,667,935,540 +24.0 elaborate 709,219 26,541,000 20,043,000 41,009,029 + 9.3 24,677,874 17.916.278 5,136,408 200,502 4,068,317 We cannot furnish them today, in as much the week as 2,167,610 + 86.3 125,483 118,300 62,819,866 + 28.5 52,106,382 38.433.279 347,501,037 271,878,208 27.8 201,524,341 161,852,734 . 611,869 3,548,696 3.071,492 2.3 2,855,464 1,372,344 4.7 2,169,391 1,588,559 0.7 22,363,000 19,376,000 23.0 2,583,693 1,927,337 2,962,590 2,828,430 24,358,000 3.404,350 . 2,767,642 + + 11.8 + — 8,381,815 5,210,261 + 27.6 20.691,473 19,586,056 1,669,080 + 23.4 1,451,337 16,374,787 13,137.909 + 24.6 13,997,527 5,950,090 V< 6,578,643 25,436,682 2,059,882 —; 7,499,383 32,450,741 5,228,606 +13.8 4,305,296 431,964 4.1; J. 390,979,648 + 2.9 350,669,748 1,226,989 + 7.1 1,186,462 4,486,711 4,490,054 0.1 4,717,353 3,702.843 1,956,348' . 402,425,619 1,800,420 + 8.7 1,556,545 1,267,355 1,410,709 Peoria———— 1,397,121 + 1.0 1,411,136 — , Rockford—L—iii.—____— —_ Springfield——T— (17 cities)—— improvement of 46.3%, in the Boston Reserve District of 38.8% and in the Phila¬ delphia Reserve District of 1.8%. The Cleveland Reserve District has to its credit — — 421,206 515,507,848 —— Missouri—St. Louis— Kentucky—Louisville Tennessee—Memphis Illinois—Quincy——— of " ' 1,008,482 1,375,463 392,722,222 170,100^000 + 29.5 131,400,000 102,200,000 85,700,000 67,232,515 50,269,587 + 33.7 42,960,939 30,665,395 38,967,796 30.696,775 + 26.9 27,479,223 19,456,547 766,000 720,000 6.4 726,000 586,000 30.0 173,366,162 136,407,942 + ' ' 33.6%, the Richmond Reserve District of 24.3%, and the Atlanta Reserve District of 27.8%. In the Chicago Reserve District the totals are larger by 5.2%, in the St. Louis Reserve District of 30.0% and in the Minneapolis Reserve | District of 37.7%. In the Kansas City Reserve District there is a gain of 38.8%, in Reserve District of 365.699 314,115,043 *£ Eighth Federal Reserve District—-St. Louis- an the San Francisco 3,666,717 ' 414,075 this centre having recorded a gain of 47.5%. We group the cities according to the Federal Reserve Districts in which they are located, and from this it appears that in the New York District (including this city) the totals record and in 1,169,706 13,696,468 ■ 1,314,470 •" the bank clearings at 29.3%. 222,392 22.3 24,195,000 Bend--——- City— Total 378,726 + 2,622,750 . Illinois—Bloomington Chicago——A—-—Decatur—[ , + 63.3 3,617,302 2,683,970 + 374,590 —4,424,822 — Haute Sioux + District—Chicago- Iowa—Cedar Rapids Des Moines— detailed Reserve District of 36.7% 1,867,130 + 26.3 Wisconsin—Milwaukee appear clearings for the whole country having amounted to $9,051,182,804, against $6,708,2.67,759 in the same week in 1942. Outside of this city there was an increase of 23.1% the Dallas 1,112,867 1,396,987 107,573 Indianapolis— South statement, however, which we present further below we are able to give the final and complete results for the week previous—the week ended April 24. For that week there was an increase of 34.9%, the aggregate of increase 1.2 — 80,705,484 Indiana—Fort Wayne— figures are not available, at time of going to press. Accordingly, in the above the last day of the week in all cases has to be estimated. the 1,116,514 29,289,000 + 47.8 44,817,377 Rapids——-—. Lansing- ends Saturday and the Saturday In + 24.9 Michigan—Ann Arbor—— Terre issue of next week. 1,521,034 43,294,921 (10 cities) ... +22.4 , Complete and exact details for the week covered by the foregoing will our 2,250,246 ♦1,900,000 —__—. Seventh Federal Reserve 1,584,107,570 Total all cities for week-— 56,900,000 +11.5 $5,113,769,169 ——— 19,785,965 65,900,000 Mississippi—Vicksburg- 131,301,014 All cities, one day 22,943,500 + 25.3 Louisiana—New Orleans A $6,517,571,234 1,402,966,615 — 4,548,991 + 42.6 — ——; +34.6 +24.2 183.671.106 — + 32.7 96,700,000 . 115,200,000 "'234,454,447' — 6,217,395 27,895,748 2,222,888 —w— 174,829,000 4,966,696 8,249,534 39,773,923 ' Alabama—Birmingham— ! . 121,200,000 ._ Florida—Jacksonville-—— Grand an 5.6 2,026,044 i— ——- 155,100,000 - cities, five days cities, five days Other ■ 2, <ix,uu0 40,416,201 259,461,744 Georgia—Atlanta— m . Augusta—A——--2- +30.0 217,064,000 — - Baltimore:*——.——.——,————— , Ten in 3,60o,uvjO 49,646,944 38,780,441 (6 cities)—-— Nashville A' % - $3,139,589,823 581,000,000 328,871,862 AA' 169,030,253 ; — Cleveland---—™I.r I i Pittsburgh'^.—— v r _ ; San Francisco— V. 425,273,243 — - - « 1942 $4,080,476,415 City— St. Louis rv,v . 1943 \ 1 C - —— Philadelphia— I 475,791 653,101 + 2U.1 + 26.7 137,041,204 , — Columbia—Washington— Tennessee—Knoxville——— Ending May 1 York Boston™ . ::'>v- + 32.0 5,507,UU0 58,422,884 A A 73,994,149 South Carolina—Charleston $9,504,645,419, against $7,667,935,540 for the same week in 1942. At this a gain for the week ended Friday of 30.0%. Our comparative sum¬ r 6,615,000 Richmond District of •'.'761,429 1,004,906 . Virginia—Norfolk Sixth Federal Reserve District—Atlanta— I Dec. % for the week follows: mary I April 24 Inc. or * $ Fifth Federal Reserve District—RichmondWest there is center Ended 1942 1943 ■ $ Bank clearings this week show an increase compared with a year ago. Prelim¬ inary figures compiled by us, based upon telegraphic advices from the chief cities of the country, indicate that for the week ended Saturday, May 1, clearings from all cities of the United States from which dt is possible to obtain weekly clearings will be 24,0% above those for the corresponding week last year. Our preliminary total, stands : {J \ Total ><l' ' ' • — (4 cities)——*—— Ninth Federal Reserve ' I ■ I '}?■ " 1 ■ 277,066,311 ■ - •- ' • •- 213,086,362 + District—Minneapolis- Minnesota—Duluth—— 4,287.797 3,452,341 + 24.2 3,696,285 Minneapolis———d.——130,958,682 91,627,596 + 42.9 79,602,382 77,701,828 St. 34,989,730 + 23.7 30,570,711 28,101,783 5.0 2,489,111 2,240,023 ri t « / •' Paul—43,281,620 3,026.693 North In the following we furnish a summary A AAA >■'A-■: -A -A,.: ;.,A, A A SUMMARY Week Ended Federal Reserve Districts 1st Boston 2d New BANK ; ;. ; $ 12 10 3d Philadelphia tth Cleveland 5th Richmond 6th Atlanta 10 7th Chicago 17 6th St. 7 : ** «• II • 1942 ■ ■ 1940 >' 1941 Inc. or Pth A Louis 7 Minneapolis ' 10th Kansas 10 City 6 11th Dallas 10 Francisco 12tli San Total — !— 111 — Outside New York City • <« 3,380,943.331 340,907,039 46.3 32 3,543,666,701 798,551 14.5 868,762 780,764 4,544,713 1,907,055 + 38.3 3,466,025 2,939,618 37.7 121,491,827 115,683,735 559,688,723 + 1.8 502,061,476 + 33.6 402,119,396 + 24.3 176,146,329 139,927,946 347,501,037 271,878,208 + 27.8 201,524,341 161,852,734 515,507,848 489,906,570 + 5.2 440,885,695 392,722,222 277,066,311 213,086,362 + 30.0 173,366,162 136,407,942 188,026,622 •1 136,538,046 203,034,035 •. + 37.7 281,895,997 It + 38.8 121,491,827 92,463,176 + 36.7 84,549,928 + 29.3 311,743,061 6.708,267,759 + 34.9 >6,454,724,462 5,445,343,764 4,252,388,157 3,454,466,050 + 23.1 3,035,565,751 481,310,382 + 20.6 395,880,381 now add detailed our Total . showing the figures for each city for the Ended April 24 1942 $ Inc. + 131,1 + 147.0 128,387 120,063 + 35.3 2,720,545 2,934,397 + 27,248,281 45,469,888 142,642,968 4,145,813 898,694 613,931 281,895,997 ■ 2,113,224 .>A: 4,055,031 819,440 i; 5,512,071 851,797 — (10 cities). — 203,034,035 + 38.8 1,782,896 101,769 + 90.7 88,239 47.1 31,535,712 103.3 2,195,284 + 35.9 3,145,251 3,182.201 + 33.7 111,903,472 94,267,285 + 29.0 3,276,158 3,025,012 5.2 505,341 449,769 + 33.5 750,587 632,730 156,262,506 135,025,707 + — 3,077,680 District—Dallas— —. Dallas——— ; ' 'Fort Worth—————— '■ .3,400,065 ... 1,646,578 + 39.1 69 080,059 52,537,911 8,950,317 2,069,000 + 27.7 7,283,030 + 27.9. 1,875,000 1,987,000 1.018,275 2,646,000 1,327,978 1,612,177 74,259,862 t'.:i03,267,672 Z 11,430,662: ———^ Louisiana—Shreveport 1941 or Dec. % 106,342 153,522 2,834.622 5,349,628 Galveston—*.- $ 245,765 379,179 66,886,213 . J .Wichita Falls—-——— 1943 ' 4,295,177 - f —— "C: Eleventh Federal Reserve Week ended April 2L for four years. V -'f Colorado—Colorado Springs. Pueblo—— , Clearings at— + 193,720,342 —, ■:-. Week 136,528,046 3,836,475 * * —- St. Joseph 320,285,348 statement 893,021 ' ■ A. . Texas—Austin We ■' Missouri—Kansas City— 2,461,514,139 580,691,224 ' Wichita 256,434,658 9,051,182,804 ■ ■ —— Omaha 66,257,736 375,138,290 ■ Kansas—Topeka 115,683,735 126,357,700 .Hastings— Lincoln 135,025,707 485,170,458 II 188,026,622 ——, ' Nebraska—Fremont--—— 285,559.192 156,262,506 (7 cities) Vv+A'Av.: 398,383,797 1 — Tenth Federal Reserve District—Kansas City— 3,091,120,579 208.719,158 If Cities 42.2 + Total 447,764,219 it cities + 917,059 265,967,516 259,461,744 it — Canada • 932,934 1.050,463 . + 38.8 + 598.049,460 V 2,711,331 1,326,510 ?» > 569,870,352 i it 2,576,837 Dakota—Aberdeen Montana—Billings , 6 Dakota—Fargo South o<T j Helena—— Dec. % $ 329,107,641 4,945,548,395 f . CLEARINGS 456,726,880 12 citlea _ York OF 1943 April 24 by Federal Reserve Districts: +•.*■.A A:AAAA:-" ;A ' A'AAA:AAAAA>;A:A Av!-AAA:'>t AA .•/ + 30.4 1,131,376 1,114,592 2.2 2,568,286 2,917,163 + 36.7 84,549,928 4,285,323 4,382,826 126,357,700 92,463,176 — 6,054,432 . $ Total (6 cities)—- —— First Federal Reserve District—Boston— 949,657 Maine—Bangor_. V Fall River— + 74.7 725,452 Twelfth Federal Reserve District—San Francisco— 543,041 3,217,792 3,100,643 + 3.8 2,343,047 1,857,385 407,710,332 283,513,289 + 43.8 296,298,206 230,547,662 882,886 Portland Massachusetts—Boston ; 543,647 765,734 + 15.3 963,002 697,319 — Washington—Seattle Yakima— 88,515,382 — —— Lowell 490,343 429,168 +14.3. 503,868 422,057 974,292 812,596 + 19.9 833,696 773,391 Springfield. 4,247,347 3,640,827 Worcester. 2,325,352 2,133,738 12,349,484 13,607,465 6,347,480 5,517,442 16,638,100 14,559,100 + 14.3 593,815 483,989 + 22.7 456,726,880 329,107,641 New *» — Bedford. Connecticut—Hartford New Rhode New Haven Island—Providence— Hampshire—Manchester .. (12 cities) 3,847,115 Santa Barbara—- 1,656,513 13,189,700 9,845,600 Stockton 4,064,910 559,800 + 38.8 485,170,458 340,907,039 375,138,200 20,972,610 1,193,981 +12.3 1,204.983 —— — (10 cities)———: + 18.1 39,000,000 32,200,000 608,482 3,253,801.709 + 47.5 3,419.158,711 8,820,112 + 24.5 8.243,105 7,184,443 5,277,381 4,289,710 + 23.0 4,893,959 4,333,331 7.978.776 7,493,620 + 6.5 5,593,108 3,847.018 287,217 Newark- 22,058,247 369,432 19,431,511 Northern New Jersey. 31,522,478 28,436,295 4,945,548,395 3,380,943,331 —22.3 335,232 367,036 + 13.5 18,947,146 19,119,350 + 10.9 + 46.3 {■/. 23,651,195 3,543,666,701 23,626,670 3,091,120,579 311,743,061 256,434,658 6,708,267,759 + 34.9 6.454,724,462 5,445,343,764 + 23.1 3,035,565,751 2,461,514,139 Ended April 22 Inc. or Dec. % +12.8 120,945,548 124,529,295 +28.7 101,094,451 90,621,116 77,380,307 50,601,644 +52.9 56,056,968 40,595,956 31,061,442 24,045,832 +29.2 18,589,601 16,673,018 Vancouver . — 110,506,918 63,422,550 64,417,048 — 1.5 42,912,726 19,368,139 ———— 5,361,573 5,161,687 + 3.9 4,645,154 4,015,160 Halifax—-—. 3,942.150 3,637,535 ' + 8.4 3,767,322 Hamilton- 9,026,474 7,594,271 + 18.9 7,445,696 7,224,851 8,048,284 —10.2 7,362,992 2,850,098 2,544.948 + 12.0 2,586,567 Ottawa————•—— Quebec—. — Calgary— — John 2,710,877 5,223,103 v 4,236,040 1,921,168 2,129,238 1,973,677 + 7.9 1,983,794 1,862,192 3,154,607 2.926,937 + 7.8 2,406,563 2,527.691 518,380 —21.0 464,398 379,986 Edmonton— 1,311.081 1,519,936 —13.7 1,437,625 581,844 Regina 609,059 —26.2 484,133 371,340 Brandon——1 — &£ i 10,232.809 5,999,396 +70.6 5,079,816 3,500,301 —— 5,421,785 3,646,747 +48.7 3,882,654 3,064,690 537,775 438,261 +22.7 390,948 280,260 ' 1,461,679 557.000,000 547,000,000 — + 8.6 1,312,197 1.8 489.000,000 1,206,934 385,000,000 Saskatoon 1,331,220 4.3 1,712,818 1,525,464 2,067,506 + 14.1 f\239,553 2,004,459 1,032.243 + 23.0 1.077.271 900.933 1,677,501 1.647,800 + 1.8 1,349,581 1,264,637 New 2,770,300 2,500,900 + 10.8 2,983,900 5,156,200 Medicine 569,870,352 559,688,723 + 1.8 502,061,476 398,383,797 — 853.093 —— 695,475 +22.7 532,472 466,210 1,951,312 Lethbridge— 1,282,233 1,563,251 +24.8 1,563,280 1,307,938 +50.8 623,298 472,796 986,574 654,231 Brantford——i£.:— 1,259,157 1,145,624- + 9.9 1,018,244 Fort William—. 1,102,785 1,035,193 + 6.5 1,075,450 627.702 851,149 957,383 —11.1 821,097 685,775 498,226 313,703 +58.8 300,030 232,498 +24.7 Moose Jaw—— Westminster Hat 843.125 Peterborough (10 cities) , 1—„_ Ohio—Canton 3.342,424 + 9.9 2,836,610 2,082 678 Cincinnati 117,842,061 89,858,563 +31.2 73,532,611 Cleveland 52,680,133 219.640.703 168,398.662 +30.4 Columbus 142,866,188 93,145,198 23,226,000 11,487,100 2,150,310 2,280,748 Mansfield Youngstown—... *>e;nnsylvania—Pittsburgh +102.2 12.694.000 10.179.7OO 5.7 2,623,025 1,634 018 — 3,439,944 2,732.351 +25.9 3,150.986 2,359,602 228,408,018 199,965,905 + 14.2 164,415,976 836,419 678,135 522.326 1,171,218 1,110,237 + 5.5 820,642 812,435 1,356,990 1,308,362 + 3.7 1,266,054 991,913 Windsor 3,040,890 1,043,037 EherbrookeKitchener Fourth Federal Reserve District—Cleveland— 4,564,530 4,312,319 + 5.8 3,886,811 2,517.600 611,727 478,389 +27.8 384,634 325,905 934,009 655,879 Prince Albert (7 cities) 1,207,165 Moncton— 447,764,219 +-33.6 402,119,396 285,559,192 1,226,808 — 1.6 705,379 +25.2 730,188 675,086 + * 857,465 Sudbury— — Sarnia . 736,693 563,295 ... 555,100 708,541 392,166 + 118.7 491,784 405.136 846,634 +36.8 1,041,848 949,645 530,691,224 (32 Cities) ♦Estimated. . 8.2 1,157,963 Chatham 123,484 863 598,049,460 - 883,189 Kingston— Total Total 2,339,433 + 29.3 160,216,527 1,274,660 Total 1,789,069 2,952,105 Montreal— Winnipeg— 2,358,692 Jersey—Trenton 1.6 157,488,161 Scranton New + + 31.2 Victoria—— 1,336,386 : 1,630,746 3,098,308 $ Wilkes-Barre York.: 2,931,611 1943 409,767 - 33.1 177,663,270 449,732 Philadelphia Reading + London District—Philadelphia— Lancaster 3,226,692 Toronto St. — 4,294,775 158,236,000 2,469,199 ¥ 1,863,197 — 3,454,466,050 Canada- 2,983,829,625 10,983,885 Chester 2,846,925 182,037,000 (ill cities)—— 425,077 4,798,794,647 Bethlehem 3,409,169 22.1 Week 685,832 York Pennsylvania—Altoona 5.4 + 974,020 48,600,000 3,923,404 3,530,014 206,966,000 14,528,177 1,058,172 Third Federal Reserve 4,542,485 3,340,155 Outside New York 8.2 37,285,807 252,782,000 San Jose Grand Total + 91.9 . 4- 60.9 265,967,516 + ( 50,134.589 420,182 ' + 11.4 •• 5,589,681 11,374,075 Rochester : 8,995,517 5,544,057 916,999 (12 cities) 14.440,403 13,642,735 802,179 Total 17,144.583 9.2 1,021,163 Jersey—Montclair. 34.4 15.0 + 6,787.783 ' 1 + Pasadena.—-—u— 1.539,348 New 22,737,514 San Francisco 57,400,000 Connecticut—Stamford. 32,039,455 30,548,764 3,608,935 Elmira. Syracuse——— 45,740,630 2,030,754 Jamestown New 990,835 53.1 3,744,199 1.340.775 Buffalo 1,061,820 + 2,559,277 7,344,478 Binghamton + 22.4 9.0 Second Federal Reserve District—New York- New York—Albany. + 28.8 1.221,209 58,439,358 + 16.7 + — Total Total —. 68,698,768 1,494,982 89,477,460 — Oregon—Portland— Utah—Salt Lake City. California—Long Beach: 481,310,382 +20.6 395,880,381 320,285,343 THE COMMERCIAL & FINANCIAL CHRONICLE Number 4173 157 Volume General Corporation and Investment News RAILROAD 5% dividend has stock declared been the on in stock.—V. Ry.—Earnings— Net ry. I railway-— railway—i-.-- $413,447 196,816 income— 12/2,003 61,080 oper. 57,306 67,968 29,800 from —V. 1,056,530 773,647 449,315 266,591 244,691 146,466 184,912 157, p. 1520. ... Alabama Power Co.—Earnings— Federal _—■ income Federal taxes™ income Net on Balance —V. 395,821 $9,171,823 5,927,432. 284,181 758,982 6,799,728 $380,917 $285,285 $4,530,017 for 189,082 2,268,986 2,323,992 $191,835 — $96,203 $2,261,031 $920,399 Fed. inc. RR. Corp.—Earnings Traffic General ; ______—1— and structures.— equipment————--——- accounts Transportation 1943 $158,129 39,085 16,204 revenue———— way of — ——,— 4,617 : Gross $144,205 9,500 10,000 — "$135,934 $43,609 — income Income gross — $47,234 14,673 _ Balance, surplus available for interest.-—— $32,561 — —V. 157, p. 1045. $169,614 1943 railway—i Net from railway^ Net ry. oper. income— — From Jan. l—' Gross from Net from Net ry. 1941 $3,172,047 1,340,977 610,399 from Gross 1942 $2,247,059 $1,634,822 462,022 : Int., 254,055 163,355 "31,995 "Consolidated net '"*1943 ' earnings before taxes—— foreign inc. & exc. prof. tax. Prov. for Fed. arid 6,123,902 1,757,755 832,674 , 4,449,293 3,867,109 721,538 "73,015 income— 1,724,754 157, p. 1235. "Deficit.—V. 1,154,058 297,318 . Nine Months Ended April 2— Gross Gen. losses for Prov. —_ 1942 $3,515,208 629,827 $1,464,430 41,214 ' sales time on 1943 $3,325,804 632,613 ^ profit from operations oper. and admin, exp (& Subs.) (Del.) 1941 179,663 income —V. self-ins.) "After $1,285,154 Depreclataion of plants— Depletion of mines 444,649 41,805 34,760 435,110 22,826 450,008 21,174 — • self-insurance for Reserve $731,683 profit before — 29,799 27,295 Federal income shares of stock—887,331 852,372 $1.45 $1.38 _ for Prov. Fed. tax. $2,130,756 $2,217,983 operating debits Net common _ eral partially est— "850,000 "1,048,000 80,000 $1,280,756 $1,169,983 $2.04 $1.86 $0.24 •No provision necessary for profits taxes.—V. excess ry. dividend of tribution Dec. over 1, March 15 Operating carried 1,532,812 pounds of express and 1,908,707 during March, increases of 123.9% and 74.1%, re¬ 1942. Brake Brake Shoe Shoe & cents American expenses and 2 June 157,' each.—V. Utilities 1, p. 20 cents 598. each; and Sept. 1 stockholders the William were name B. Given their at this of Jr., at an annual rate Net The N. Service Stock Corp. Sale Walter M. Jensen, John A. Larson, Frank Oscar G. Dahlberg, Fred E. Dahlberg and Carl Dahlberg. Dahlberg, Burnett it Wisconsin corporation, operating in Polk and the northwestern part of the State, In addition, community of Markville in Pine County, Minn., State line. Northwestern supplies electricity at retail is Counties the serves just across the to approximately 2,582 customers.—V. 157, ry. p. 1236. 1942. '.v*^ ■:% Comparative table of weekly, output of follows: • ■ the -V electric energy for the last Atlantic annual meeting to President, April on American Brake announced $100,000,000, that voted 27 To all like amount were March shipments annually a 50% for of the a "poor net profits first year, in normal will be shipments quarter when outstanding 1942 1940 49,708,000 40,686,000 51,321,000 41,992,000 April 17 78,849,000 72,242,000 53,608,000 50,887,000 40,938,000 share April 24. 77,985,000 72,277,000 54,840,000 51,473,000 39,179,000 ers —V. 1941 157, p. 1522. $695,369 $922,575 432,825 432,825 435,600 $1.68 $1.61 : share - "Profit 1943 declared on the $6 preferred stock and $7 preferred stock, both payable June 15 to holders of record May 21. share the p. 15, last. cents share per on- March directors taxes estimated 1464. p. at on rates income for established first the by the $141,587 quarter $27,358 on of Revenue Act v..:.-; : -' ' of income. 1943 have 1942.—V. -v- ; Anchor Hocking Glass Corp. (& Net 1943 profit from operations—.—™— Prov. for income and excess profits Net profit Earnings per Baltimore & Ohio common Note—Deduction share- has including income made and for 5,254,716 2,502,366 $1,562,499 excess depreciation profits and taxes. was paid 1943—Month—1942 $1.94 all 1943—3 Mos.—1942 Ry. oper. revenues™— $30,027,425 $24,018,828 $83,843,348 $63,761,538 of way & struct. of equipment.™ Maint. 1,852,500 5,233,954 467,408 Maint. 3,412,094 5,640,174 475,188 9,209,041 operations™-™ 263,697 8,015,077 201,748 expenses-™-™ 682,373 541,326 _______ $4,064,865 $2.04 . been $3 per hold¬ made RR.—Monthly Earnings— Period End. Mar. 31— General $1,632,365 , — of regular quarterly dividend of 75 cents per share preferred stock on April 1, 1943.—V. 157, p. 1047. Miscelj. 1942 $6,887,081 taxes — dividend last the Transportation Subs.)—Earnings— 12 Months Ended March 31— participating a on 1941 depreciation, interest and estimated Federal taxes Note—Federal Pa.—Participating Dividend— declared have the no. par value $3 preferred stock, payable May 15 to of record May 1. A similar participating distribution was Feb. 16 of last year. on 1942 $54,134 — "After and excess of Net fr. 5,100,807 15,370,904 1,336,193 22,926,768 612,625 1,615,596 8,759,603 16,118,697 1,285,506 26",658,112 769,443 2,008,862 oper._ $10,352,638 Ry. tax accruals Equipt. rents, net—'— Jt. facft. rents, net_™_ 3,445,246 336,289 152,288 $7,699,035 $28,243,125 $16,798,645 2,066,578 "10,258,628 "5,018,997 363,645 1,198,937 625,455 133,046 449,089 360,698 $6,418,815 481,780 $5,135,766 $16,336,471 $10,793,495 711,068 1,463,673 1,707,786 $6,900,595 156,053 $5,846,834 $17,800,144 $12,501,281 176,120 386,905 636,469 rev. ry. other Provision for profits taxes for the 12 months ended March 31, on the basis of the rates fixed by the applicable 1942.—V. 157, p. 1236. Net ry. oper. income income- a a $2.12 517. on Gross Net from from railway— oper. 1941 1940 income™. $429,524 $389,717 $333,205 157,859 from ry. Income 1942 $520,471 railway railway— Net from railway—— Net income deducts, RR.—Earnings— 1943 93,767 105,581 fr. inc. 28,193 50,702 12,471 1,354,347 1,235,977 1,000,057 329,742 261,512 170,760 105,485 1,108,313 279,945 152,948 ' charges Fixed charges — — Net _™__ income "Railway 159,172 56,377 Excise Tax Tax tax $6,744,542 2,572,849 $5,670,714 $17,413,239 $11,864,812 2,628,295 7,720,089 7,853,985 $4,171,693 $3,042,419 ■:%:-;• •■;■■: income 157, p. $9,693,150 $4,010,827 $1,114,225 1,028,828 $914,190 913,871 1,395,019 Accruals Include— a/c Railroad Retirement Act a/c Railroad Unemployment Insur. Federal —V. ■)•■""" — for available fixed < ' 48,370 83,500 157, p. 1522,. directors oil April 20 declared a dividend of 25 cents per share the dividend of 90 common stock, par $1, and the usual semi-annual dividend of 6% cumul. preferred stock, par $50, both pay¬ $1.50 per share on the able June Last stock 16 to holders of record May 31. the company paid a dividend of 25 cents on the common June 16, and one of 35 cents on Dec. 15.—V. 156, p. 2094. year, on cents dividend of 30 per dividend of $1.05 per share on account of accumulations on cents per share has been declared on account of preferred stock, par $10, payable May 5 to holders of record April 29. This compares with 20 cents paid on Nov. 30, last, 15 cents on July 30, 1942 and 55 cents on April 29, 1942.—V. 156, p. 1948. ■accumulations on the Total r,". Arkansas Natural Gas Corp.—Accumulated Dividend— Distribution of 75 cents on the $7 preferred were made on For record of dividends paid during 1942, see V, 157, cents Other Miscell. Ann Arbor A March 15 holders of record May 21. A last. Distributions during 1942 and June 15, Sept. 15 and Dec. 15 to on March 15, 15, 25 cents; 157, p. 1236. paid was ' ' of dividend a Act_ 6,063,000 taxes—— ' „, 1418. ■ Barker Bros. Corp.—To " ' The Purchase Preferred Stock— purchase up to 16,000 shares of its own: out¬ cumulative preferred stock at a price not to exceed corporation will standing 5%% per share, according to a letter President; Purchase by the company $38 stock would leave 34,774 shares annual dividend requirements to stockholders from Neil Petree, of 16,000 shares of the preferred outstanding and would reduce the from $139,628 to $95,628.—V. 157, p. 1523. excess American & Foreign Power Co., Inc.—Dividends— 87J/a declared Autocar Co., Ardmore, The on Corp.—Earnings— 3 Months Ended March 31— The 1941 providing for depreciation and estimated income and profits taxes.—V. 157, p. 1045. of 1942 $1,237,000 $0.41; taxes.- $0.45 depreciation and 1939 55,919,000 53,968,000 on 1942 "After and have follows: as 70,456,000 interest, stock, payable June 15 cents each.—V. 15, 72,124,000 V. $725,122 preferred share— including and transportation.— 1943 "Profit $6 charges directors common 1943 March— American Chicle Co.—Earnings— 28 in (& Subs.)—Earnings— Pay 15-Cent Dividend— The the 76,925,000 to Shoe Co. against $79,000,000 3 Months Ended March 31— April Refining Co. Quarters Ended March 31— 1943 profit ____________$1,334,000 "Net 78,345,000 3 Arkansas-Missouri Power Corp.—25c Common DivJ— on to', 24,300 1943, has been made below. Co., present rate. has 38 plants serving industry directors | Preferred Shares— At the annual meeting held last week voted shares of 5% non-cumulative preferred stock held treasury.—V. 157, p. 687. retire April 10— V. 157, p. 1521. The $5,130,103 ' stockholders The . Earnings per common Output of electric energy of the electric properties of this company for the week ended April 24, 1943, totaled 77,985,000 <kwh„ an in¬ crease of 7.90% over the bhtput of 72,276,900 kwh. for the corre¬ about one-third of the common Dr718,841 $5,979,620 $2,578,029 • $2,504,108 oper. tire 24,300 American Water Works & Electric Co., Inc.—Output— * Gross Earnings per $5,848,944 - 0250,856 Drl,506,011 a income profit margins and now are about periods. He predicted that earnings slightly higher than the 1939 ratio, share $7,485,631 $2,754,964 Atlantic Gulf & West Indies Steamship Lines—To Re-, in in Common $8,203,944 2,355,000" v income. —V. 157, p. 1236. small Net ry. oper. income— From Jan. 1— company • $9,069,455 $40,138,809 $23,135,835 5.309,491 18,653,178 14,931,891$3,759,964 $21,485,631 1,005,000 14,000,000 $3,056,656 •■'.■' Dr478,627 Operating income amt. paid for rent of equip. & jt. facil.J Ap- buyers are listed as $14,000,000 in 1932, and $49,000,000 in 1929. Current earn¬ ings, he pointed out, are adversely affected by the continued decline The < 5,000,000 required for taxes ___ to six individuals. The company intends to use the money to $250,000 of its collateral trust 6% bonds, series A, due in 1964, partial compliance with the integration and simplification provi¬ sions of the Holding Company Act. Co.—New Name— year ago, were $14,590,183 6,533,527 ___ revenues— < $8,056,656 oper. Amt. The, Securities and Exchange Commission on April 22 approved the the corporation of the 2,000 common shares of its subsidiary, Northwestern Wisconsin Electric Co., for about $264,365 in Foundry company of 1943—3 Mos.—1942 and Net Revenues Acts The V. RR.~rEarnings— proposed sale by American Brake Shoe & Foundry Co.—Shortens Name change - . 1943—Month—1942 revenues Operating proved— charges, American 1942. Traffic For the first three months of the current year, 4,086,000 pounds of for a total of 2,023,326,467 express miles were flown, against 1,991,911 pounds and 1,009,077,580 miles in the first quarter of 1942. Cargo carried between the United States and Mexico in March was 42.2% greater than in February.—V. 157, p. 1235. American in Atlantic Coast Line March on express See tax income Net corporation mall 11,476,042 4,533,199 1943, include $10,718,000 profits taxes compared with $2,993,000 Fed¬ Period End. Mar. 31— share has been declared on the common holders 6f record May 14. A similar dis¬ 1, last. Payments during 1942 were to 1 maade was follows: ■156,' The 14,998,035 5,110,788 cents per 15 payable June stock, American Airlines, Inc.—March Shows Gains— pounds of spectively income. oper. 67,217,647 43,414,329 12,525,887 0198,611 quarter been ' 157, p. 340. credits or $ $ $ 23,701,483 106,439,712 14,751.545 54,594,032 4,510,249 36,029,880 093,510 Dr817,765 37,284,195 19,300,269 12,652,453 £>r220,685 revs._ of System 1943—3 Mos.—1942 Railway tax accruals for three months ended March 31, 1943, in¬ $30,425,000 Federal income and excess profits taxes compared with $8,123,000 Federal income tax in 1942.-»-V. 157, pp. 1236,1522. American Investment Co. of 111.—-15-Cent Dividend— $153,207 — $1,068,503 clude G. Brush, Chairman, stated that 60% tax provision for the is based upon the approximate effective income and profits tax rate applicable to the company's profit for the cal¬ endar year 1942.—-V. 157, p. 1417. $233,207 prof, cligd. to earned surplus Earnings per common share Net 949,265 $225,601 1943—Month—1942 Federal income and excess interest and other charges. American Writing Paper taxes—— $2,017,768 948,302 r 1359. p. .__ Alvin 1943 for provision $1,173,903 $ Ry. The Net $4,001,838 1,984,070 $77,925 $80,800 stocks for the period Ry. operating exps.—_ Ry. tax accruals $1,174,259 profit-—. depreciation, Week End.— $2,705,717 $3,057,763 1,883,860 ________ Period End. Mar. 31— excess April $2,651,976 —— $245,465 164,665 Atchison Topeka & Santa Fe Ry.—Earnings $2,718,897 1,544,638 sponding week of profit, bef. deprec. of plants, deplet. of mines and res. for 1,290,000 $3,991,637 10,201 ™ 157, Other five years Net 1,395,000 $2,916,593 141,170 Balance 1942' $3,960,640 2,675,486 Earnings per share— 127,091 605,656 on shipments made during perlodJ— (net)— deducts etc., "After American Agricultural Chemical Co. — Railway tax accruals for month of March, net Northwestern 9,051,138 3,848,524 91,000 $244,843 622 $221,282 143,357 revs. income Net (& Subs.)—Earnings Quarters Ended March 31— " railway— railway— oper. 595,983 $1,298,702 245,814 oper. Divs. applic. to pfd. in 1340 : 95,000 .$219,586 1,696 approp.. Gross income retire RR.—Earnings— .■"/•, 71,107 ___ res. $111,520 cash Alton March— 103,100 taxes Net ——- outstanding securities of the company, based on market quota¬ tions as of March 31, 1943^ amounted to $8,529,564.06, equivalent to $170.59 per share Of pre^red stock and, after deducting the out¬ standing preferred stock at its liquidating value of $100 per share, to $9.95 per share of common stock.—V. 157, p. 340: i 3,626 .____ taxes » 25,187 . "$105,822 490,731 $779,302 $12,515,671 $13,525,471 317,467 6,077,234 5,871,833 57,510 1,272,368 1,467,309 68,482 854,476 904,692 $979,524 expenses Prop. ret. 1943—12 Mos.—1942 1943—Month—1942 revenues the A $49,025 5,416 rent income--——————— from 25,101 19,000 tax_ Other 7,498 4,943.> Dividends paid on preferred stock totaled $75,000 in 1943. After providing for all known liabilities, the net assets applicable (2) as net revenue—— Deductions $199,658 7,644 Notes—(1) to 5,710 —— — Net operating revenue^—-—————Railway tax accruals (acct., 532) ___. Total $153,577 Operating Operating 43,487 — ————— — ——— expenses. Miscellaneous 37,363 > Outstanding & Northern Alabama Tennessee Maintenance 37,858 $140,486 6,164 income Consolidataed Month of February— operating 35,177 American Home Products Corp. pfd. stock Maintenance of 33,661 Period End. Mar. 31— "Computed without regard to net loss on sales of securities in the amount of $163,358 in 1943 and $192,429 in 1942 which was charged to "reserve for possible losses on sales of securities." The actual cost of the securities, identified by stock certificates and bonds delivered against sales, was used to determine gains and losses on securities 157, p. 1235. Total 1940 $106,843 Other Net $3,244,391 189,082 J. income Dividends 2,815,527 1,121,078 $1,044,267 $11,309,744 $665,098 Int. and other deducts.. 10,662,506 2,895,360 2,675,880 , profits tax. exc. Gross 8,994,504 3,046,800 1,004,427 833,829 ——^ . 1941 $161,800 accrued—_ or Arkansas Power & Light Co.—Earnings- 1942 $118,400 sold. 1,511,301 deprec taxes 644,742 250,000 293,449 634,067 265,600 expenses for Prov. General tric group was 131,944,520 units (kwh.). This' is an increase of 17,911,002 units, or 15.7%-above production of 114,033,518 units a year ago.—V. 157, p. 1522. preferred $7 1943 Total $2,232,459 $28,542,656 $27,062,115 $2,398,595 revenue Operating 1943—12 Mos.—1942 1943—Month—1942 Period End. Mar. 31— Gross 572,214 200,201 113,343 715,937 298,190 income— railway—- oper. the , $106,825 ———— Exps., incl. miscel. tax. Int. paid or accrued— Prov. railway™-— from Gross Net ry. on MISCELLANEOUS - Federal 108,167 From Jan. 1— Net share per . 1940 $182,746 $257,740:.: $283,959 107,129 from from rec'd Int. 1941 1942 1943 March— Gross Net $72.62'/2 to 3 Mos. End. Mar. 31-— Cash dividends Akron Canton & Youngstown INSURANCE ■ American European Securities Co.—Earnings— 1412. 156, p. preferred stock and 157, p. 686. stock.—V. Payments last year each in cash; and $1, payable May 29 to holders of record May 15. as follows: Feb. 27 and May. 29, 15 cents •were Aug.' 31, 5% $6 stock, par common INDUSTRIAL - Arrearages as at April 1, 1943, amounted to $62.25 per share on the Dividend— Aeronautical Products, Inc.—5% Stock A PUBLIC UTILITY • on the 6% cumul. Beaumont Sour Lake & Western The trustees of Associated Gas & Electric Corp. report for the week ended April 23, net electric output of the Associated Gas & Elec¬ from railway™™ Net from railway ™I Net ry. oper. income—. Ry.-t-Earnings— 1942 1941 : 1940 $840,099 418,795 252,570 $611,206 334,944 241,738 $299,205 136,302 72,715 $270,535 129,148 69,121 2,451,095 1,638,527 821,688 1,158,184 297,468 893,960 637,125 361,099. 174,959 821,853 401,217 217,452 From Jan. 1— Gross Associated Gas & Electric Co.—Weekly Output— 1943 March— Gross from Net from railway—. railway Net ry. oper. income —V. 157, p. 1265v dividend stock, of were cents 25 follows: as payable Mills—Pays $1 Dividend— company capital 8. Payments during 25 cents eqcji, and 150, p. 1572. 50 cents regular and 25 cents extra.—V. 22, Monday, May 3, 1943 stock to Feb. 1 May on paid holders of record April 1, last. Payments last was made and May 1. $1 each; Aug. 1, 75 cents; on $1 of dividend a 20. similar A year share per were the on in amounted holders of record May 10. A similar distribution quarters. Arrearages 'as of March 2, 1943 per share.—V. 157, p. 688 to preceding to $34.75 distribution follows: Feb. as 1 June made was The been declared on the common share has per to holders of record May June 15 and Oct. 20, May 25 payable 1942 Dec. Bourne Barber Co.—25-Cent Common Dividend— (W. II.) A FINANCIAL CHRONICLE THE COMMERCIAL & 1646 1 Canadian National Lines in New England—Earnings— 157, p. 342. and Nov, 2, $1.—V. 1943 March— Bessemer Lake Erie Hit.—Earnings- & Gross Net Net " from from ry. railway...,- railway—.— 1942 1941 $1,065,498 $1,079,150 *202,887 . 130,037 $1,175,139 434,521 _ <* from Gross Net from Net ry. 157, 2,853,965 3,000,810 1,960,738 *423,689 198,851 *236,402 875,533 807,343 the for Miranda, F. York New the of Gross $5,000,000 signed stockholders, providing order an set and May 20 for for Net ry. the the the agreement on Miranda interests would receive $500,000 commissions still due to them on report of the results of the businesses and operations of corpo¬ and its subsidiary companies for the first quarter of 1943. com¬ The ration with pare fourth the of quarter and the first quarter of 1942 follows: as •' •'•r..':' 'W:-• ' billings and Interest for *Prov. charges— other income Earns, duction the the board of directors, April 29, Mr. Grace and who are participants in the executives' Special Compensation Plan individually volunteered a reduction in compensation, effective as of Jan. 1, 1943.,,.r"%X:.•» A statement issued by amount in action decrease a under the in Camden incentive ' ' 1936. . \ dividend the on the for of $221,645, 1943 result will stock) common year in total compensation 1014. p. in $163,608 of First Quarter— Profit from and 1941 for Prov. Net tax_ 59,658 180,293 ——— $268,587 reserve inc. Fed. profit J. to *LOSS, 1943.—V. directors The Ernest of charge Mr. payable made on the first were $59.50 1 and Sept. disbursed.—V. of cents 30 payable June stock, distribution similar June dividend interim common was on 988. p. 1941 share been vious no Dec. varied 19, a final of 50 the of also 438. p. 1956. Commission caused the by death of his to Rev. brother, Cost, since January, Period End. Mar. 31— $7,746,799 expenses 4,864,134 Net Equipt. revenues rents—Dr Joint fac. rents—Dr Net ry. oper. Other income Total Total Net 11,784,930 income.. income deducts. income 157, p. $2,882,665 $2,410,250 $6,666,337 $5,067,648 824,660 2,648,722 1,750,417 295,266 326.249 829,699 899,788 21,769 10,785 79,280 32,400 $1,393,1^46 $1,248,556 $3,108,636 $2,385,043 105,576 97,670 321,277 321,217 $1,498,722 $1,346,226 $3,429,913 $2,706,260 371,671 382,263 1,113,481 1,151,147 $1,127,051 1265. $963,963 $2,316,432 $1,555,113 .916,193 . $6,471,326 1,987,597 v lj251,375 145,190 52,400 % 957,790 52,400 $281,055 $310,145 $3,179,954 112,262 141,430 $3,407,842 1,667,980 1,697,156 up is the recent most of S. 8.944,678 cents Proposals 1941 $8,205,877 4,698,166 . ( $3,507,711 80,749 $3,588,460 493,632 651,882 ^ 779,393 1,119,084 taxes_u. 801,348 520,826 $2,741,301 822,964" for 1,070,035 203,962; period of the $799,018 $713,594 taxes payable, $913,551; for employees' retire¬ ($5 par), $10,027,510; u\\. $767,286; for $249,965; from of Quarter Ended, Mareh 31 1942 $4,146,531 sold_ copper same Operating gain Other income $1,028,238 % 1940 38,032 office of Central Hanover Bank & Southern and National trust bonds originally were of 5% and interest extension, matured 1, May on 1937 and, extended to May 1, 1942. The receiver the extended bonds during the interest on at such rate on all of the bonds or not, was paid out of income from the pledged to the extent that such income was insufficient for that or, out ol funds provided by the receiver and, alter the insti¬ of reorganization proceedings under Section 77 of the Bank¬ ruptcy Act, by the trustee of the company, up to May 1, 1942. A pay¬ ture account of interest at the rate of 5% trustee by under it court the on authority collateral. Nov, on The made by the inden¬ was 1, 1942 out of income col¬ has ruled that since their court maturity the bonds bear interest at the legal rate of 6%. The income collateral has not been sufficient to pay full 6% interest but from the the interest prejudice v. payments to Nov. on claims the of the 1, 1942 and May bondholders for 1943 1, the without are additional 1%.— 156, p. 1602.. Central Vermont Public Period End. Jan. 31— 980,905 418,411 ( 97,368 (184,540 272,000 $538,868 $774,936 1,220 155,000 ,, Service Corp.—Earnings— 1943—Month—1942 1943^-12 Mos.—1942 revenuesJ- ; ' $263,998 $251,496 Operating expenses' 144,355 140,949 State munic,. taxes 15,852 14,829 175,744; -'1,423' 15,358 and Social : security Federal 4% $2,939,700 $2,707,280 M,768,377 1,775,918 ' 172,045 taxes— and State— 1,187: % 18,973 Federal taxes other than income Net tax ::svc:;:;%4,546;-. operating Non-oper, 5.264 55.731 * $98,058 income 61,925 - $89,031 $924,490 Dr 18 27 Dr27 $98,040 $89,058 $924,463 35,290 35,552 439,765 24,000 18,300 175,200 131,200 $38,750 net- v:: income, $35,206 $309,498 $244,493 • income Gross Fed. : income tax mal and Net $678,419 ; ■ 963 $679,382 303,689 (nor¬ income surtax) Pfd. div. requirements. —V. 157, p. 2,248 v 7,058 18,928 18,928 ' 1524. 227,136, ; 227,136 * , Central Wharf & Wet Dock Corp.—$1 Dividend— A dividend of $1 per share was recently declared on the capital stock, payable April 30 to holders of record April 23. A similar dis¬ tribution, was made on April 30;-last year. Payments of $2 each wefe made on May 15 and Dec. 15, 1941,—V. 155, p. 1596. /' Chesapeake & John $1,519,773 1,102,157 $625,332 ____ the at tution of $1,877,093 $624,112 $1,066,270 (net) the by purpose, 1926. 1941 $1,451,138 827,026 3,118,293 » indenture Savannah Georgia, . sold but not delivered, $172,631; supplies, $1,918.174; employees' retirement fund, $249,965; deferred charges and advances, $1,149,243;. investment in affiliates. $456,089; securities of various companies, $22,769; real estate, $2,964,877; stumpage and timber lands, $1,700,956; mine lands and plant, (less reserves for depletion and depreciation of $44,288,485), $14,267,697; copper in molds and equipment, $250,000; total, $34,448,247. Rev. the authorized of extended whether 13,886 copper payable, under been 762.542 Sheet, Dec. 31, 1942 Balance $2,563,033; stamping collateral collateral $2,626,381 1,000,781 $l,275,281i. $1,296,668 process, trustee has District Operating Assets—Cash, $1,977,780; U. S. Government securities, $5,585,344; receivable,, $1,169,689; metals and metal products . finished in Southern in New York or at the office of Citizens guaranteed payment 1 accounts and Co.; bonds, trust the Ga., from income collected by the indenture trustee collateral held by it. v ; The per $2,595,370 31,011 Or6,924 "< for Court Trust and 5%. collateral except for a small number 1939 $7,992,257 5,396,887 $2,748,225 420,494 profit ' Bank in Savannah, Re¬ on t 1940 $7,544,505 4,796,280 $3,349,654 income of Bank Hanover the District Trust Co. . $2,929,160 (net) 1 $20,000 . bonds of and Ohio, 10 V\''; ; 1942 soldi. $11,873,838 % Commission on April 22 approved a to holders of the common stock. This the Crescent Public Service Co.—V. 156, Exchange of subsidiary a to midnight May 17.—V. 157, p. 1523. •• income and payment Division, to make a distribution on account, of interest on the bonds on May 1, 1943 at the rate of 5% per annum for the period from Nov, 1, 1942, to May 1, 1943, The payment is to be made on presentation Dec. 21, 1942. The pre¬ made on April 15, 1937. was 1943 1,172.484 oper. dividend " Earnings for 1943—3 Mos.—1942 130,434 2,111,867 tax Securities In the had He that Richmond, and of he had Leonard Va„ Assistant been capacity company Promotion Ohio Ry.—Changes in Personnel— of Parrish B. has beep of personnel Allen to Assistant the of the over charge B. appointed Vice-President had jurisdiction as Vice- road since safety activities relations. Vice-President-Assistant to the President of this company was announced Newton, 14,266,344 164,995 137,634 ' 74,026 requirements President. $6,447,575 $20,932,681 $16,852,578 4,037,325 U. charge of manu¬ exploratory work, $223,862; reserve sundry, $407,544; capital stock capital surplus, $21,858,528; total, $34,448,247. ; 1943—Month—1942 revenues Operating div. Central in RR.—Earnings— Operating Taxes share, ' _ income Cost Boston & Maine in Cincinnati, : received are to be been a Vice-President of the Boston Insurance 1915 and of the Old Colony Insurance Co. since January, 1918.—V. 156, p. 2095. 117,349 $ 7; 393,6 92 Central RR. & Banking Co. of Georgia—Interest to Be : R. Hedge has Henry 6,755 $665,174 Paid May 1— is advertising for proposals for underwriting of $2Q,* refund part of its 5% first trust mortgage bonds Action is taken in compliance with the Federal Power regulations under the Federal Power Act. ■ & old. taxes. exp. ment, 1943. 209,725 $6,340,892 I860. P. to from copper reserve fill the vacancy as President William R. Hedge, on April 211,783 $7,276,343 7,247 profits exc, lected Liabilities—Accounts and of the Old Colony Insurance Co, Hedge 17,477 $658,419 $717,292 217,021 ......... Deductions Co.—New President— Henry R. experience, interim an T-.'y Years End. Dec, 31— Net company 19,534 $710,045 income. income company of cents was - Portland — income dividend $7,602,963 $10,375,839 Baking Co., & cents per 10 ■■ Earnings— Federal week output was 32.060,000 kwh., an increase of 157, p. 1523. elected 27 343,925 under The 2,339,441 2,400,348 $3,641,789 March 9, June 15, Sept. 15 and on issue 2, the corresponding week last year,—V. directors of this April 575,852 value common stock, payable June 15 to holders to the approval of the Foreign Exchange of like amount was paid on March 15, Depletion Co.—Output Up 14.3%—> Boston Insurance ,The 295,513 j 193,753 subject Depreciation 14.3%. preceding over 30,119 oper. Pref. company A system output of this company, as reported to the Edison Elec¬ for the week ended April 24, 1943, was 31,705,000 kwh., compared with 27,731,000 kwh. for the week ended April 25, 1942, increase 102,412 25,256 than other tax —V% 157, p. 1524. Calumet & Ileela Consolidated Copper Co. (& Subs.)— Net For 117,568 Net income . distribution A payment, 000,000 tric Institute 12.2% 1,243,443 9,317 Net $4,217,641 $10,003,311 $12,715,280 California Electric Power Co.—Asks on 200,215 101,434 Lease Fed. Ltd.—10-Cent Interim Dividend— Condensed Edison Boston 29,521 J business declared par 14, May 157, Total declared 637,342 Fed. income tax (normal & surtax) $1^,521,527 $9,901,757 ? 101,554 Director and Vice-President as have Board. and last, —V. Dividend— has $1,447,436 $16,149,202 $14, 738,665 630,670 7,004,552 541,496 $1,506,703 ._ Deductions the company for many years and upon elected Treasurer, which title he still was Kroger Grocery Profit per 1943—12 Mos, —1942 1943—Month—1942 10,352 taxes, securing had has been the the on Control Proposals to holders of record May 15. March 1, last, and on March 1942, while on 1, 157, made 1 in directors record of Borden Co.—Interim Dividend of 30 Cents— Co.—Earnings— Power 104,174 Non-oper; special consultant to various government agencies.—V. 157, p. 1523. Other An 15,075 1523. with has been Campbell The share.—V. 157, p. 438. per 426,156 ' 672,892 . taxes.. RR. on holders of record April 30. A similar distribution Feb. 15, last/and on July 10 and Nov. 16, 1942, which since May, 1935. Arrearages as at May 1, 1943 amounted ,1,143,517 938,536 tax. Fed. & St. income . 3,987,675 4,897,072 • Maine munic. & Rental •; 2,2.90,406 %. income— 1266. p. expenses Fed. (Maine)—Elects New Officers— Bruck Silk Mills, to 15 May railway.—— 26,898 • ' 5,912,180 1,412,241 ' % 334,230 • 496,593 1 " . 8,960,637 3,457,126 revenues.— State manufacturing. which has as cumul. ' V ,j - railway—'- oper. 157, Soc. Sec. ] has been elected Vice-President in charge accounts, and William L. Campbell as Vice-President facturing of dividend of $1 per share on account 1st preferred stock, par $100, a 965,631 income---, Central 1943—12 Mos.—1942 Maling Maling Mr. of y 174,185 Period End. Jan. 31— di¬ retains. *$7,617 $1,369,374 517,203 , J.—Tenders— N. $4,188,120 609,543 $2,494,873 reorganization series ' 7% the on $3,104,416 Company H. and finance ' amounted to $219,098-for quarter ended March declared have accumulations -V. ry.'. succeeding board of the from Net • $1,806,580 ,663,184 oper. Net —V. 1940 1941% 1942 $2,189,629 from Gross 1943 •. railway,,$3,376,323 From Jan. 1— V funding Plan— (II. C.) Bohack Co., Inc.—$1 Preferred Co. Net ry. .J- ' Ry.—Earnings— railway,,1,461,003 from from ment on $177,814 . 1419. 157, p. 25,015 , income Brown ■■■> 31,775 $22,555 ' -:.v; • surplus—' $268,587 Note—Dividends paid $3,079,401 . ♦Reclassified,—V. 157, p. The Addition 19, $385,214 $0.41 i 19^2 in at Market St., 1943—3 Mos.—-1942 deductions Net *$7,617 $177,814 . . Central Ohio Light & Power Co.—Dividend— 75,374 --- * ,. 1942 $4,776,000 . income Income $42,904 50,520 49,753 1524. p. Operating Camden, Broadway trustee, 1943 $5,493,000 21— Operating Corp., End. Mar. 31— Gross 1940 1941 $302,941 *$9,220 Adj. of 1941 tax prov— oh Chairman of $90,527 1942 $52,159 61,379 1943 $508,538 operations- Depreciation an Gross Net • Co.', Trust income share as '' $0.47 and , Ltd.—New President—? elected been has Operating income Other to (Sidney) Blumenthal & Co., Inc. (& Subs.)—Earnings . Oil Co., reduction of $316,079, or 58.3%. a in 1942 after such taxes at the rates then in effect. On the same dividend basis the total reduction in compensation for all of the other executives of the group for 1943 is $237,629. V: ' ' : Except for some minor changes due to replacements and promotions of some of the younger executives, there has been no increase in the rates of compensation of this executive group since the establishment by the stockholders in 1936 of the present special incentive compensa¬ tion plan and the amounts of compensation have varied only in direct relation to the amount of dividends paid on the common stock of the corporation in accordance with the provisions of the plan. It is the piicy of Bethlehem to conduct its business during this war period on a basis to insure only fair and reasonable profits, with no special gains arising out of the war. That is in keeping with public policy and public opinion. While the corporation's volume and gross income have increased, the net income has declined since 1940. In requesting reductions in their compensation, the other officers joining with Mr. Grace are prompted by the desire to act in accord with the policy of the corporation—V. 157, p. 1360. compensation the $472,045 charges, . , 1941 Operating revenues.,-.— $14,579,551 $15,194,561 $54,007,021 $5$,432,410 Operating expenses 5,350,238 5,427,071 21,977,094 22,370,426 Depreciation 1,651,972 1,596,550 - 6,071,887 1 6,080,671 Taxes 4,497,940 *3,982,820 16,056,283 *14,459,786 • Compensation of $221,645 is equivalent to $42,546 after Federal income taxes at the rates now in effect, as compared with Mr. Grace's net to other 1 '. Brooklyn Edison Co., Inc.—Earnings— 'Period by 45 % in the plan adopted by 1943 participation in the incentive system is reduced by 80%. His salary is reduced from $180,000 to $150,000 a year. As com¬ pared with a total compensation fof $537,724 which he received in each of the years 1941 and 1942 the new rates (on the basis of a $6 was all 157, Gross Grace's Mr. of and April Ended earnings March— V T , .1942 , director, has been, elected President, a who 156, Camden, N. President Grace follows: in distributable is which stockholders' result will reduction The 31, Subsidiaries), incentive their him —'V. ] - *14,168 *191,423 Traffic the to -use Camden, N. J., will up to and including May 20 receive bids for the sttle to it of first mortgage 4% series A bonds due March 1, 1952, to. an "amount sufficient to absorb $3,049.42 at prices not to exceed par and interest to May 25, which will be the date of redemption. The bonds are secured by a mortgage dated March 1, ip37, on property located at the southeast corner Broadway and Cooper St., the executives other Incentive suit *. Voluntary Cut in Incentive Compensa¬ of meeting Ellsworth, The tion— At Whiteford, Broadway-Cooper as during Officials Take K. L. rectors.—V. approximately 99.1% of capacity during the first compared with 97.9% during the fourth quarter of the first quarter of 1942. Current steel pro¬ is approximately 100% of capacity." 1943 98% and 1942 * 1 $363,943 $0.35 shore_i depreciation British-American W. A. averaged quarter of .'/ i taxes, $1.51 depreciation on certain equipment provided for through charge to operating expense. E. G. Grace. President, states: "Steel production (ingots and cast¬ ings) right the £he after a reserve of $590,000 for estimated additional taxes. tAfter deduction of post-war refund of $159,500. JOn 942,990 outstanding shares of common stock without par value.—V. 157, p. 988. 1 • 6,140.688 ' before 78,784 *101,519 railway—^— Central of Georgia 1943 earnings *Aftcr than ^Other Net .^Earnings per common 24,190,000 $1.37 i $1.54 ' common.-,—-.- on ; 5,731,289 6,228.693 157, Unconsolidated (Excluding 81 40,735,391 1,456,313 8,948,390 87,597,423 5,101,280 9,634,854 67,130.000 28,880,000 income on period__.___ for sh. per . Co.—V. Export relinquish p. 1523, 3 Months Ended March 31— 1942 $ $ 45.470,223 1,304,706 9,056,824 deprec, & amort. deplet., Provr for taxes based Net v 1942 • would group received already 412,132 144,233 *109,477 Bridgeport Brass Co.—Earnings— 432,715.168 432,633,921 305,653,318 — charges-. before income $2,800,000 '• 1943 T-:: Net Miranda Brewster name 1942 retain would The 1st Quarter 4th Quarter 1st Quarter Period— Total They started. *9,715 464,598 oper, Week • 000.- Corp.—Report for Quarter— *45,829 790,700 )'■%; Canadian Pacific Ry.- -Earnings- export orders, and would relinquish any claim to the remaining-$i,800,- Bethlehem Steel *85,629 ; railway *91,910 Net- ry. $2,200,000 approximately 53,739 443,100 .Vt;; $129,876 *13,240 *74,883 $197,101 44,825 *240,547 income,__ *Deficit.—V. 157, p. 1266. from Net all proposed settlement. of $2.9.9,200 33,439 income— oper. From Jan. 1—• 1940 1941 1942 $165,700 railway rallway____— Gross. from and hearing a from and to notice from Net Court; Justice suit brought by Supreme minority stockholders against Alfred: J. William Zelcer, the Brewster Export Co. Bernstein corporation's to settlement its and Justice Under 188,389 1143. p. J. the of Bernstein Corp.—Terms in Suit— presented was corporation others. *310,433 income._ oper. Sidney Ignacio 32,335 1'.. 2,939,797 _ agreement this 55,793 *715,392 railway.— railway *Deficit.—V. •' J. $696,853 381,325 236,567 20,683 income— oper. From Jan. 1— An 1940 1943 March—• Aeronautical Brewster Mr. President. Allen roads in the served the on April 28 .by Carl. E. and since May 1, 1940, Nickel- Plate^ and Pere Marquette'rail¬ Prior to this appointment, C. & 0., capacity of Assistant to the President, ' J. Total income ) Depreciation Depletion Fed. income _j tax (est.) _ $781,993 163,956 $541,117 177(120 258,551 194,663 80,000 28,000 Fred troller who of was Harfy advanced Net pp. $355,859 profit Note—No provision made $14i;334 $279,486 $188,424 for Federal excess profits tax.- -V. —V. directors the three elected L. to Assistant Comptroller of the Pere Chesapeake & Ohio, Marquette railroads, has been appointed Comp¬ lines, succeeding, in that post, E. M. Thomas, Vice-President Lehmkuhle, the office General of of the C. & O. Lines in March. Auditor of the Nickel Plate, was Comptroller of the three roads. Assistant 157, p. 1524. ..... . Chicago Electric Mfg. Co.—Accumulated Dividend— International Investment Pay 50 Cents on Account of Accrued The and 157, 518, 862. Canadian Andrews, Nickel Plate have declared account of accumulations on a dividend the 5% of Trust, Ltd.- 50 cents per The -To share directors have declared a dividend of 50 cents per share on account of accumulations on the $2 cumulatives class A preferred stock, Dividends— value, payable May 10 to holders of record May 5. no on cumul. preferred stock, par $100, par of like amount were made on July 24 and Dec. ages as 21., last Distributions year. Arrear¬ of Jan. 1, 1943, amounted to $11 per share.—V. 156, p. 426. . Volume THE COMMERCIAL & FINANCIAL CHRONICLE Number 4173 157 Colorado Chicago & Illinois Midland Ry.—Earnings - Net ry. $518,850 $445,222 $371,591 218,000 80,313 178,234 124,491 Net from 111,229 80,688 Net ry. 1,612,460 1,516,256 1,286,794 740,988 607,460 495,546 1,100,737 351,756 261,718 215,161 304,604 236,300 income— oper. Net railway— from railway- Net ry. from i-V. opcr. 157,, p. - , income— 1267. $139,205 67,535 72,120 50,203 31,350 42,457 34,395 469,776 421,520 400,724 330,641 209,448 186,387 206,602 156,189 89,520 122,123 105,971 $148,557 been , % 1 70,266 A requested to form hearing from Net from Net ry. 1940 1941 1943 1942 railway—.—! $18,210,814 $13,22o,a98 $10 57<»,w84 715,828 4,254,117 7,809,569 March—Gross 5,754,503 2,278,744 51,209,478 38,194,259 , ,340,118 ,v/'"■ from from Net 52 Weeks Period— railway J4et ry. oper. income—. 157, p. 1420. 273,058 2,896,019 Time from discount sions, Ended Ended Jan. 3, '42 Jan. 2, '43 Dec. 28, '40 ; j Chicago & North Western Ry.—Court Refuses Petition Full— ' , allows. ———— 17,549,210 „_ 17,077.313 14,868.708 sold : — 26,824,751 on 7,741,064 782,308 tor Luther the / good one" and could see • "a Walter, road, the for attorney said $8".210,278 $8,547,556 $7,423,436 263,420 ——— 277.178 Interstate Coram ssion. Commerce 7.875.972 7,903.050 17.940,461 *17,765,757 63,996,858- *64,378,510 16,123,434 17,641,200 48,373,686 30,629 2,907 52,275 Drl21,443 16.154,063 17,644,107 48.425,961 50.773,160 Other income time, that At sa.d, he that was The stockholders. The .v the of Committee Practice of Chicago of property aforesaid period—— at beginning to prior years 10.502,415 • — Z__li—___—__Z___ interest contingent the at mortgage convertible income 4',is the rate of 4% % for 1942. at rate of 1% % 1993—full due for and after June 1, "A" 4s shall transactions in the mortgage be be . the "ex" income 1943, $2.40 . _ Income "ex",.the . the first Interest contingent convertible interest for records, and discount sions, and record etc. for Ended admin, depreciation before Income . Federal income •Federal fEarnings "Less ■/ Dividends ,.T-- by the Trustee 5,753,090 2,092,727 190,827 $2,041,529 $2,343,692 The /. 27,646 25,034 3,156 tricity amort. misceli.. deduct. ; taxes__ Gas & $2,343,848 577,300 kwh. 508,300 with $0.60 provisions :'for income Federal and and Cleveland-Cliffs D. Fisher, Iron Vice Co.—New President, and Reserve -Western University, has been elected Secretary and the Cliffs Corp,—V. 157, p. 1267. 'company advances and Post-war refund Chase 1,391,607 New 310,464 452,320 692,651 Comparaatfve Consolidated Income Statement Period Ended— Net profit from Other-income Feb. 27, '43 $673,175 oper.— (net) 210,000 2,000,116 for Fiscal Years Mar. 1.'41 Mar.2, '40 $3,670,498 demand) • Reserve 54,624 75,053- CZ-T—_ Total : Loss revalued sale of on $754,570 stock prov. for pensions,—— Depreciation for State Prov. for Fed. ; ... - _ 79,699 73,886 C,000 25,000 305,000 in 1942. in 94,000 399,837 __Z 1943 $800,951 pfd. Divs. $122,839 — and decl. on $3,105,170 stock paid and decl. common stock — The * 200,437 203,972 213,507 tLess and doubtful accounts 562,800 1,688,400 697,100 835,563 4,772,192 146,809 146,809 13,423,877 11,874,595 Orl,055,671 Drl.055,671 786,300 1,060,967 4,772,192 $3,617,119 in 1942.- V. 1943 in $91,388 and $64,201 157, p. 1553. cents Consolidated Balance Sheet at Feb. par have value declared dividend a stock, common This compares with 50 565.000 officers July on 10, 1943 of 25 cents 1942, total a of 75 cents per disbursed Investment Trust share on last year.—V-. & Aikman deferred • of of Canada, insurance charges, $555,066; Liabilities—Accounts total, payable, accrued taxes $151,909; Ltd., policies of 1942 $3,095,188 deduction of taxes at the $4,179,917 $0.85 rate $1.15 provided by the Revenue Act 1942. Note—The lives 1942. aside tiation tiation $862,670; salaries on and To . The & Southern Ry.—To Pay Interest on Mort¬ gage Bonds— Fixed The and the total contingent same interest interest date raid on amounting to $32.50 on on May these bonds each net income of two manufacturing The before: the close of the semi-annual period. Retire Entire stockholders have Issue of $4.25 been advised Preference Stock— that an amount equal to accrued dividends to the date of, redemption. Acr providing for the retirement of the preference stock was taken a meeting of the board held April 22. Balance sheet at the close 1942 showed preference stock outstanding in the amount of 94,941 at shares. zation With of the retirement of the preference stock, outstanding capitali¬ corporation will consist only of common stock.—V. 157, 990. $1,000 $545,837. Oh contingent interest on the senior bonds, held by Reconstruction Finance Corp., amounting to $742,931 was paid, These payments will be made pursuant to the plan of adjustment approved March 8 by a three-judge Federal court in Denver under the McLaughlin *ct passed by Congress last October.—V. 157/ p. 1267. - week of last year, an declared dividend a the on payable April 20 of $1.50 Dividend— cents 31% cumulative to holders of share per preferred. A record April 15.—- been of called for redemption as of June 1943 1, total a 15-year convertible 3 !/a % 1951, IOIV'2 at Bank and of the 157, sinking, fund debentures due Payment will be made at The interest. City of New York, 1554. p. 11 Broad St., trustee, . , Lefebvre, formerly Vice President and General Manager, has recently announced redeemed said that sinking paid or each $10 157, principal amount of 10-year having been converted, cancelled, the conversion price debentures retired and debentures Increased for conversion.—V. $750,000 fund or Feb. 011 principal 1943, 15, of amount to one share of common debentures surrendered for 991. p. Coty, Inc.—To Pay 15-Cent Common Dividend— The directors have stock, common declared $1, par This compares with dividend of 15 May a payable holders 15 to cents share per of record the on May 5. 10 cents paid 011 Dec. 28, last, 15 cents on May 15, each on May 3 and Dec. 2, 1941.—V. 156, p. 2221. 1942, and 25 cents Creole Permission to Intervene in Integration Four Proceedings— Philadelphians having direct or indirect interests in the nave asked the Securities and Exchange Commission to them to intervene in the simplification and integration pro¬ ceedings now before the Commission. . Petroleum Corp. Concession — Change Ap¬ proved—Merger Delayed— The stockholders concessions concession in April on Venezuela that will 22 approved under have 40 terras to years conversion of the company's of. a new law to H. concessions had to company less than 20 years efficiently recover the to a type new run. run and petroleum would reserves was desirable cases not it present permit already the had developed. "In effect, we cost," explained was buying oil in are reasonable very Lieb that the the ground at what appears to be said. petroleum law increases pipelines common carriers Venezuelan new on production and land and makes gives oil companies the right to explore public lands outside their concessions, in addition to terms of concessions. proposal to liquidate Standard Gil subsidiary, and to consolidate with Creole a considerable portion of Lago Petroleum Corporation, was postponed until May 6. Minority stockholders had asked more time in which to study the plan. The Creole Company is 73.8% owned by Standard Oil Co. (N. J.). See V. 157, p. 1422. Final Co. stockholder of Venezuela, lengthening decision 100% a on a owned Creole Grown Capital The directors have Corp.—Dividend Rate Increased— declared : of four cents per share on the SI par common stock, class A, payable May 31 to holders of record May 21. This compares with three cents paid on Feb. 27, last, and an initial of three cents on Nov. 30, 1942.—V. 156, p. 2128. a quarterly dividend Curtis Mfg. COi of St. Louis, The directors have declared common and Mo.—50-Cent Div.— dividend of 50 cents per share on the payable May 31 to holders of record May 10, share paid on Nov. 20, last, the only pay¬ of 75 cents each were made on July 7 1941.—V. 157, p. 439. stock, par $5, This compares with $1 in 1942. Nov. ment a 21, per Distributions Curtis Publishing Co.—75-Cent Prior Preferred Div.— Commonwealth & Southern Corp.—Stockholders Seek to fixed and include tion 1. amounted not £4.25 p. general mortgage bond was paid do the corporation on June 1943 will redeem all of its outstanding convertible preference stock, series of 1935, at the redemption price of $110 per share plus 30, of Colorado reported wages, income), $132,386; sundry accruals, $101,652; reserve for taxes based on income. $168,397: dividend on preferred stock payable March 1, 1943, $49,687; reserve for pensions, $142,592; 5% conv, cumul. preferred stock ($100 par), $3,r 975,000; common stock (565,000 ho par shares), $5,650,000; capital surplus, $1,867,793; earned surplus, $7,484,513; total, $20,586,599,—V. •157, p. 217. compared kwh.. 171,000,000 in reserves, certainable accrued taxes, based as companies acquired in the latter part earnings of these subsidiaries have been temporarily pending, renegotiation, under the Federal Renego¬ Law, of their 1942 operations. It is expected that renego¬ will be completed and the effect thereof on 1943 earnings as¬ of set $20,586,599. (other than earnings wholly-owned a on an ... convertible stock but 1943 earnings "After subsidiary, $621,537; cash of officers, $556,025; Investment in 2,200 shares of corporation's common stock, $6,765; prop¬ erty and plant (less reserve for depreciation of $6,182,385), $7,119,890; value elec" week ended April with 141,900,000 increase of 22.6 (Z. Local 1554. accumulations 1604. of output system for the compared corresponding taxes Corp.—Earnings— Earnings per share of common stock Assets—Cash, $1,114,562; U. S. Savings bonds, $132,030; trade ac¬ receivable, (less reserves of $44,626), $2,372,033; due from employees, $1,814; inventories, $8,106,878; investment in and advances Collins kwh., Lieb, President, told stockholders the conversion —despite the costs under the new law—because in many counts to of a Commercial "Net ( surrender is C. payable May 10 to holders of record cents paid on Dec. 29, 1942, and 25 3 Months Ended March 31—■ 27, the p. recently National or It and employees (Excluding Collins & Aikman of Canada. Ltd.) that announced Cornell-Dubilier Electric Corp.—Conversion Price— It oil 156, p. 77. 565,000 surplus. tTo for 157, York, N. Y.—V. 4VZ% and amortization of $4,198,363 1,547,700 -- 23 174,000,000 to value, have 1, Gordon $23,823,191 $21,951,542 of for depreciation reserves directors 110 April 30. on — 565,000 565,000 deducting' $34,494 charged to capital through participating fund. After the ^ 198.750 ■ Common shs. outstd? / Commercial Bookbinding Co.—25-Cent Dividend— > $2,556,895 . 21,119,262 elected President to succeed B. B. Williams who will continue as Chairman of the board and of the executive committee.—V. 157, p. 991. of . paid 10,944,450 20,907,512 on — for reserve 558,000 ' Net income $3,774,703 794,000 v 112,250 ______ _ ' T "Less 1 10.944,450 stock —_T. • - tax Divs. payable — Total — 1,159,147 . T— stock stock,__ , 516,226 128,085 99,000 tax. prof. $53,000 year surplus — 510,771 .. 512.821 _ 1122,170 479,056 13,910 • . .Z-L-ZZ— inc. tax. inc. exc, *17,150 — , one contingencies (par $2.5.0) Earned $3,725,122 (incl. surplus Treasury _____ Prov. $5,499,067 • property Additional compensation Prov. for Fed. $1,706,856 : $4,136,816 551,900 „ prof, taxes (net) within due T-TZ———. for Capital Capital , tax———— accruals.— sundry & excess payable Mortgages $5,424,013 123,277 income instalments pfd. common on been and payable and Fed. 32,063,712 Cooper-Bessemer Corp.—New President-— ;; Mortgage $1,583,580 ' profits $23,823,191 $21,951,542 Accrued 10.618,139 31,851,962 cumuli April kwh. of $750,000 June 2,000,116 to Total Report— Feb. 28. '42 81,395 ' - of 531,015 5,132,054 1,390,664 excess 10,929,318 9.725,429 receivables • of 2,765,024 9.884,345 corresponding week of 1942, electricity amounted to par p. There 4,365,724 T:„Z—___T___—•_5,245,038 1,339.675 — no 156, 4,685,654 — ______—— premises V. 50,200 Liabilities— (& Subs.)—Annual 42,681,851 of directors stock, 1,380,455 receivable Accounts Collins & Aikman Corp. the account 815,685 Prepaid insurance, taxes, rents, etc tBuildings, equipment and improvements of above the 42,781,280 $5 on on 141,300 000 $7,143,424 ; Goodwill of 12,490,453 Consolidated Oil Corp.—Debentures Called— Counsel Oftice 17,550,610 12,723,000 2,839,255 amounting for Jan. 3, '42 $6,637,843 securities— Sundry investments, / (less reserves): Secretary— Secretary 15,297,541 (electricity generated and purchased) The on Sheet Balance hand— on Government leased excess . Robert 25,131,241 4,417,625 Consolidated Hotels, Inc.—Accumulated tCal- 1942. the 1,716,277 shares of $2.50 par value stock outstanding. banks in S. Land • 27,483,739 Z—______ company distribution $1,261,248 $0.73 $987,362 $0.58 Jan. 2, '43 Inventories There have been, called for redemption as of June 1, 1943, a total of '$69,000 of first mortgage bonds, 3 V% %. series, due 1967, at 106 Vt and interest. Payment will be made at the Irving Trust Co., trustee, One Wall St., New York, N. Y.—V. 157, p. 8. ' /< . *34,098,994 8.072,828 3.948,385 _______ declared 1943, 583,500 $1,031,671 Consolidated Called— Electric Co.—Bonds 30,784.135 8,775,215 _— Weekly Electric Output of System-^— 490,700 $2,066,562 both "Accounts Cincinnati 4.207.500 *9,375,903 V'. "Revised. 648,400 $2,271,671 v Assets— Cash $ 151,303,037 76,740,664 *76,003,802 15,600,874 16,064,000 4 097,000 Balance avail, for dividends 591,600 Federal taxes.— and U. 3 150,609,412 4,305,431 7,003,325 2,160,341 244,451 profits quarters shown above have been calculated under the Revenue- Act of 1942; the earnings previously reported for the 1942 quarter have been- adjusted in this respect. » the 1943—12 Mos.—1942 3 , 18,902.950 deductions income 4,424,717 expenses and period share———, per ' 40.559,186 _________ Gross income 6,999,796 2,180,577 264,361 post-war refund of $71,000 in 1943 and $54,400 in taxes'for - statement 1943—3 Mos.—1942 40.665,315 March 31 Net for :-".Nfttc—The terms of the pending plan of reorganization, the new general mortgage bonds, wnen issued, will constitute a 4T fixed interest obligation." The Committee is advised that these bonds have been traded as a full 4% fixed interest security with respect to any interest accrued since Jan. l, 1943.—V. 157. p. 1524. first income Net 1 that $1.90 8,537,282 Income exces$: profits Taxes. culated upon shall 2,270,757 Consol. 19,255,818 increase of 21%.—V. . of ' — Operating income 25, and 1942, 19,500,74(5 593,625 , Y., Inc.— _________ $2,244,025 general & for stock common 011 of N. Jg Apr. 4, '42 Mar. 29, '41 allowances ——5,145,013 returns, MiscelL income, less • 10,921.950 18,353.643 $16,833,773 $15,874,363 $14,685,767 — Profit - 4f/2s income snare : commis¬ agency discounts Prov. general and 1942, Special attention "under in per Operating revenues Operating expenses Depreciation $2.91 $2.80 • Quarter Statement, Oper. exps. & cost of goods sold-- in¬ income - transactions 10.920,200 Y., Inc.: at.end of period.. $13,423,877 $11,874,595 $10,502,415 Apr. 3, '43 lines* talent, •- On N. -__Z.T_: 199.319 Gross income from sale of facilities, Time 1942. of 32,693,453 $1.65 Co. slock—— Period End. Mar. 31 —; 8,729,016 — $15,998,292 $15,307,149 $13,934,969 2,574,415 3,432,554 3.432.554 .... Selling, and 18,079,707 29,867,468 "Revised. New 2Va% •Second terest Earned $5,006,633 • of Edison Balance other income payments 50,894,603 Earnings of Companly Only 11,874,595 applicable Consolidated . 29,389,693 18,558,493 12,885,397 —__T Taxes & 28,800,761 4,758.710 11,263,341 preferred stock Edison Co. $4,804,734 $4,123,698 dividends Cash ' rate Consol. on cumulative Common of surplus ■/• Earned surplus will be made at the office of the company, York. City, where bonds, coupons, and notes may be presented for stamping and payment. ! The schedule for presentation for stamping and payment on debtor's bonds, coupons, and notes extends from June 1, 1943 to Aug. 31, 1943, depending on the particular securities to be presented. The payments, being made on old securities correspond to the fol¬ lowing amounts in terms of proposed now securities: First and general mortgage "A" 4s due 1989—fixed interest at the Broadway, 4,890,722 _ —' — __—_ Associa¬ National the deductions decl $5 . reorganization. The 111 for credit Inc. on April 20 announced: Dealers, of trustee ______ for provision Balance North Western Ry. Co. has been authorized and directed by the Court to make payment of an amount equivalent to the fixed and contingent interest charges called for by the terms, of the pending plan of reorganization and earned by-the debtor during the year 1942, said payments to be made on the various outstanding securities of the debtor on the basis of the new securities to be issued in exchange therefor under the plan ; 575.000 contingencies 1,443,000 220,000 Earnings per share Uniform Securities 1,900,000 taxes— period Ruling— National tion of taxes——„Z Net • Interest v 119.512.864*118,035.977 1,850.000 Profit would release some $135,000,000 in securities which t he holding as collateral. Th.s money, ue sa.d, could be used to the benefit of 2.357.000 Earned payment RFC 2,450,060 income Mr. Walter declared, adding "Our f.rst duty is to pay off our debts," ______ income Divs. the in _____ income Income $7,431,633 — —„ Special cash on hand. By the time it was approved, t he cash position had risen to $17,000,000 and as.of Apr.l Id, the company had $80,000,000 in cash. only $12,250,000 had Company $ ■ 30,095,181 8,198 $8,824,731 , Federal excess profits financial submitted road's the $ 31,237.931 Operating income Profit before Federal income taxes and special provision for contingencies —$8,473,698 Federal changing it. position had improved' since the reorganization program was to ,4 1943—12 Mos —1942 $ 73,405.188 260-,684,169 262,748,790 746,410 (net) income $ 73.177.798 Net . judge said he considered the plan 1S43—3 Mos.—1942 : 20,132.446 8,761,984 1,052,190 and amort. Operating income Miscellaneous interfere. reason in Operating revenues -.—Operating • expenses—— Depreciation Gross plan of reorganization after it had been affirmed by the U. S: ,. p.rcuit Court of Appeals and after the U. S. Supreme Court. had • The week Consolidated Edison Co. of New York, Inc. (& Subs.)— ■ __ Provision for deprec. 24,287,084 8,575,144 —' „_ the no compared with 195,960,143 for the corresponding increase of 36,226,573, or 18.49tf..—V. 157, p. 1553. Earnings— , refused- to May 7. on Taxes ;Z%Zv/ & expenses April 27 refused permission to the company to file a petition for authority to pay in full its debt of '$48,322,687 to the Reconstruction Finance Corporation. ■%/</" Judge John P. Barnes ruled it would he unseemly for him to alter, Federal Court at Chicago ancf behalf of preferred as an Period End. Mar. 31— %/%'/• commis- agency returns, Selling,'general andf administrative . ' The 1942, '. . Operating expenses & cost of goods Wanted to Pay RFC Debt in on Morgan weekly kilowatt hour output of electric energy of subsidiaries this corporation adjusted to show general business conditions of Uh'ritory served for the week ended April 22, 1943, amounted to 232,- 52 Weeks 53 Weeks Ended - sale of. facilities, and record •.discounts —V. :—Road committee to intervene a S. the petition will be held before the SEC 011 talent, lines, records, etc. _Z—— $62,211,573 $59,456,305 $50,912,064 25,895,196 6,148,660 087,751 12,580,187 7,519,'201 21,462,242 13,573,712 — ■;/; . Gross income railway—— v-/"''- ■ , , Prom January 1— Gross Subs.)—^An¬ (& Marshall of ■ 665,828 income.—. System, Inc. Go wen; nual Report— $8,«-»v»,o09 1,967,692 885,925 railway——-. oper. Broadcasting E. The 186,716 Columbia v RR.—Earnings in their petition that they represent a ' Commonwealth's preferred stock and had of Weekly Output— . Chicago Milwaukee St. Paul & Pacific James state amount" stockholders. 1— railway—— Net- from railway Net ry. oper. income— —V. 157, p. 1267. Ji\, Warden A. "substantial 23,144 • from Gross 1940 66,808 $157,374 income___ From January Prom Jan. 1— Gross railway-...— Hopkinson, Clarence 1941 1942 $104,206 railway_____^ oper. Edward Wyoming Ry.—E&rnings1943 from Gross 293,676 96,634 railway—— from Net & March—• . $591,935 railway— from Gross 1940 1941 1.942 1943 March—, < 1647 A dividend of 75 cents share has been declared on account of and partic; prior preferred stock, no of record June 4. This is the fixed quarterly payment which was due Jan. 1, 1943. A similar dis¬ accumulations par value, corporation tribution permit dividends and on the payable per $3 cumul, July 1 to holders was made on April 1, last. During 1942, the following were paid on the prior preferred stock; April 1, 75 cents; July 1, Oct. 1 and Dec. 24, 25 cents each. A contingent dividend THE COMMERCIAL & FINANCIAL CHRONICLE ■ 1648 10.186 of 157, p. payable June $50, share was also paid on April 28, 1942, out of 1941 cents per earnings—V. 50 1555. cents were Dallas Power & 1943—Month—1942 50 Light Co.—Earnings- period End. Mar. 31— Operating $605,636 $8,117,422 Federal Other 281,972 238,669 3,022,437 ret. 73,877 1,188,221 59,975 723,883 680,654 43,947 appro.— record April 30. made on March 1, last. 157, 344. p. distribution A Payments ...^ 52,413 799,358 669,740 (And Comparative Wholly-owned Consolidated Income for Net 300 income $2,383,523 ■ 1941 $ t Sales $ $133,622,229 122,023,170 103.983,376 7,801,348 6,335,880 5,162,583 ,L 141.423,577 sold & other oper. chgs. 80,350,796 & administrative exp._: .11,185,323 deprec. & obsolescence— 9,246,136 —— income Gross 46,667 46,667 560,000 $2,360,476 560,000 28,298 12,919 334,729 53,506 $2,385,239 $180,702 $197,450 — Total revenues ——- mtge. bonds & deductions on int. $1,746,970 Prov. for 507,386 Prov. for Fed taxes (See ") Balance —V. 157, p. 1422. inc. Oper. Divs. 1943—Month—1942 Period End. Mar. 31— Federal Other Prop. ret. 6,566 493,115 14,053 188,505 5,874,944 16,903,000 29,983 730,635 445,534 $33,243 $53,763 $563,926 $537,633 —— 15,505 99,533 186,063 Motors 11,657,322 in — appro.— $3,674,052 2,487,966 Prov. income Federal 16,711,343 income 5,000,000 5,000,000 7,500,000 ; 334,378 Other Dr573,000 Fed. after oper. revenues lease for of plant Dr311,000 Dr240,000 Net taxes 5,081,992 5,023,378 for Other income $33,243 income Net Divs. Net $351,570 20,310,157 24,254,161 2,000,000 6,000,000 3,500,000 contingencies—— $490,060 $351,570 23,515 280,278 282,180 ——- 1,959 6,973 24,765 $10,302 —— $12,784 $202,809 $44,625 "Total 26,901 103,901 Of $175,908 "$59,276 applic. to pfd. stk for the period——.— ^Shares -— "Deficit.—V. <• ; — 157, p. ——— of returns, do not directors have declared The $1 par 1, stock, common similar A cents payable May distribution each March on 1941.—V. dividend a made was 16, 15 25 cents holders to share per of last, 31, Feb. on Operating of Dec. on 1942, and record 1, Aug. with —— and Cumul. Co.—Asks Court Approval District & their to the first 24, The 29,557,000 25,250,000 17,143,000 16,960,000 petitions have by 27 that the filed petitions have etc. in the U. allege assented the that holders the to Interstate of than more plan, .which Commerce products of fixed-fee Pont manufactured and basis ^Excluding company's difference received from Statement S. two-thirds is included number average sales in by order of Adjust, of shares of in in profits or losses of con¬ approximately $910,000 in 1943 E. I. between such Consolidated March Surplus, from Preferred of Common for George House in The N. the Second Murray Y. and District June on 1, Judges 1943, in John the C. U. General order, dated April 27, 1943, '.V: 1941 ■' —V. 14,739,314 S. in Gov't 5.500,000 —A--1., 1.012,642 1936— the bonds in of of tion the the hands the of general public and bonds for 20 years. the remaining principal of the plan provides for additional security Net 1,899.956 1.899.956 13,897,026 19.361,613 321,725,172 291,748,847 269,247,389 through (1) an addi¬ sinking fund of two-thirds of net income and one-half the liquidation value of certain investment securities, and (2) the pledge certain The securities of management bonds will ment be the plan made May 1 been that announced May on will bear the bonds, Net from due 1, May interest at 4% payment after per the ry. "Deficit.—V. Delaware Lackawanna Net from Net ry. From plan shall have Gross Net from Net ry. —V. Western 1941 Net from ry. $4,799,087 1,696,650 1,323,939 765,422 824,163 867,072 257,501 15,859.768 13,700,032 13,085.286 4,415.929 3,771,220 2,756,612 2,920,915 1,882,565 2,371,915 1,213,257 Ry. July Net from Net ry. $73,460 13,727 20,684 12,669 — income ry. 1, oper. 157, p. 605,600 551,200 442,602 from Net from Net ry. 281 159,931 123,543 49,027 28,775 "8,294 for "1,016 202.198 145.387 in 149 215 49,201 1,976 *17,378 157, 1177. p. From Gross RR.—Earnings— Net from Net ry. railway oper. April 9 to holders of $363,371 $445,597 $353,833 279,018 204,196 193,177 69,816 131,351 scrip entered agreement 157, p. 1,160,168 1,243,903 into by virtue of Y„ said: order an of 18, for each $100 share one of East capital of stock of East Apartment Building Avenue first gold bonds upon surrender of the same to the trustees. will be issued in lieu of a fraction of a share certificate than Corp., based bear $100 113, East ; 782,759 654,768 771,956 to ratio the on share one that of surrendered said bonds stock in said 293,015 256,043 366,097 East 1269. Apartment Building N. Y.—Successor Co.— week ended companies Power Power & during 1942 April of RR.—Earnings $810,365 $879,646 $711,365 488,686 370,264 540,116 22. Ebasco 1943, Services, the which 271,897 196,738 346,328 258,322 2,727,691 2,395,710 2,609,256 2,339,137 1,479,363 1.133,832 1,518.367 1,289,734 786,344 605,079 952,482 904,746 of client subsidiaries are were follows: as oper. Net ry. oper. —V.. 157, p. income... The Power & 1268. Dominion-Scottish Investments, Ltd.—Accrued Div.— of directors have accumulations on. declared the -5% a dividend cumul. of $1 redeemable per share preferred on account stock, par above panies not $1.09 income 51.24 profits taxes the Revenue Acts excess The amounts shown provision for twelve and to the provisions of months estimated for Fed¬ profits excess ending February taxes 1943 (1942, 28, credited to reserve subsidiaries. in subsidiary company owned by parent a Service of the Co. in 1938 investments estimated of in loss in set a for reserve com¬ depre¬ subsidiary companies an amount investments, including provi¬ such period in advance accrual the in up of unearned for loss which cumulative to such be may dividends on reserve. of Company 1943 revenues Federal other 19492 $2,850,008 income taxes— $3,668,423 272,653 321,695 153,899 155,328 ; ______ __ taxes 8,859 Cr425 $2,414,597 < $3,191,825 77 ______ II" 2,256,084 2,258~5l6 surplus— $158,435 $933,315 ■ dividends Balance Earnings —V. for common share per 157, p. 1424, stock and of stock—_. common $.08' $49 1556. Erie RR.—Earnings— March— Gross 1943 11.6% 159.878 143,303 92,710 74,473 16,575 18,237 24.5 126,880 101,026 25,854 25.6 ; figures do not include both the periods.—V. Eastman Kodak Co.—Sales 34% at the ume of ated in last business He and apparatus an p. inputs 1556. of any com¬ i 1941 1940 $8,754,703 $6,617,674 2,922,831 1,629,855 1,686,765 1,662,787 1,708,095 778,651 railway,— 36 602.365 29.231 883 23 623,494 20.045,142 14,039,211 9,380,792 7,774,625 5,062,698 income—; 4,769,191 4,436,587 4,782,479 2,458,984 railway $13,488,598 $10,628,982 railway oper. __ income___ From Jan. 1— from from Net ry. oper. Listing of Additional Stocks— The New York Stock Exchange additional shares of common for the shares of 9,992 and 9,578 $100) New additional Jan. 4f2% 1, in the by Hemisphere, attributed the Higher- company and its subsidiaries photographic products plus spe¬ and equipment for military purposes. Sales of the products of the Tennessee Eastman Core., manufacturing situ¬ over the corresponding three months increase to the expanded sales to the prime contractors of acetate rayon yarn, acetate rayon a stapler authorized (no par) of upon the listing of 9.992 issuance in exchange Northern preferred for mortgage interest and 5% exchange general 2000, has stock capital stock of shares issuance upon Jersey due gold accrued of bonds, but of RR. stock, $861,000 New series Jersey, A Northern dated unpaid (par RR. Jan. 1, thereon, of 1900, making the total amount applied for 3,149,992 shares of common stock 404,021 shares of 5% preferred stock, series A.—V. 157, p. 1557. of Fair, Chicago—Resumes accumulations of $1.75 and ahead" subsidiary fiber per of of 1938. Arrearages at May as 1, 1943 Reserve for Post-war Adjust¬ Directors— the the 1, share. Up—Provides for Dividend— of $3.50 per share on account cumulative preferred stock, par $100, record May 10. The last payment was Feb. on Preferred dividend a 7% holders $36.75 ments—New Sales the on per share to Sales period same beginning period of February last year, 1 have been "substantially James S. Schoff, President, and meeting on April 27. How¬ the sharp increase in consumer demand which was Februerv, now has subsided and currently volume is on added, ne apparent in more normal "It a impossible "due is to the fluctuations tions level. forecast saleV volume to uncertainties in consumer in obtaining demand. for the future," merchandise Inventories are and within he said, sharp the the limita¬ prescribed by the War Production Board, Shortages of merchan¬ becoming more widespread and it is increasingly difficult to maintain adequate assortments in many departments. \ "Gross margin has declined slightly from last year's level. This trend will continue through the Spring season and possibly well into the Fall.'' ) dise on April 27, reported to stockholders increase of 34% in the March quarter vol¬ transacted Western year. government cial 157, Hargrave, President, annual meeting the system 1942 3,779,783 railway—____ from ry. ' 5,360,904 from ever, Pet. Amount 1942 1943 Light Co._ appearing in Thomas J. of The 2,258,510 $2,373,357 told stockholders at the company's annual —Increase- From from Federal Expenses system' inputs Inc., 374,074 income.. January 1— railwayNet from railway ry. 2,256,084 stock—- common include because amounted Light Co., Electric Power & Light Corp. and Light Co., as compared with the corresponding American Power & Light Co. Electric Pwr. & Lt. Corp.—,„ $917,626 Net $4,631,867 $2,072,789 surplus Earnings & Operating Subsidiaries of— National railway—. railway-—. Gross and purposes payable May 20 to above. ——Thousands of Kilowatt-Hours— 1940 from 476,593 $4,328,874 Avenue Services, Inc.—Weekly Input— American National 331,009 1941 from stock considerable (The) 661,355 income 1942 Net value credited Total 896. p. Avenue the For week 1943 Gross $5,108,465 435,488 12 Mos. End, Feb. 28— surren¬ Monroe County, expired by its own terms Feb. entitled ,to 1,115,355 March- $4,764,362 the Public a sustained present extended. are Avenue less 111 East Avenue, Rochester, N. Sagamore, not 6% operating of 98,672 1,274,630 Detroit Toledo & Ironton 51,627 118.124 (1942, $112,042). its preferred dividend in for gold bonds dated for trust was mtge. 6% 1st by Surf Apartments, Inc., who have not capital stock in East Avenue Corp., issued bonds Ebasco , —V. 151,369 127,296 1 after deducting post-war credit of $816,749 representing Gross Exchange for Bonds— East Avenue Corp., Rochester, 1940 123,756 railway- 62,188 — 63,650 The directors have declared January 1— from 6,353 ______ deducted above. Net Pierce, James H. Slocum and Harry B. Crowley, trustees, Hotel Corp.—V. ' 1941 299,187 sub. a deducts, depreciation in value of investments ciation Apartment Building, Rochester, N. Y.— in dated Corp. East "10,495 1942 income 576,793 $4,780,992 above as declared.....— common taxes Engineers 7,136 25,123 $471,614 railway deducted incl. 1,406,920 $4,511,227 _______ sources— ^Applicable to bonds of Net W. and See railway Co., in invests, tEarnings of a subsidiary company in excess oi requirements for the period, less minority interest, 75,171 41,245 — income- Supreme Court, A 4,411 "5,559 1943 oper. $5,357,785 ——_ share of per income one Gross of ___■' companies, dividends $7,339,282 for 358,927 158,880 railway voting $50,933 $49,151 ■ 1268. March— value __ __ $3,156,3721 $108,650 13,694 railway mortgage 13,193 Detroit & Toledo Shore Line 27,244 $5,918,148 _ 1940 1941 *13,747 of The Avenue 39,982 income—_ "Deficit.—V. 1942 891 1921, 1940 1941 233.392 railway railway— from Net in Parent subs, for Freferred Pacific Ry.—Earnmgs1943 34,845 their for from Net 1,583,970 28,963 interests Balance $139,375 owner From Jan. 1— Gross 2,818,530 1,583,970 "1,623,617 "2,396,326 "1,708,774 12,600 Bondholders 1942 3,292 railway- oper. of 1269. 50,840 dered -Earnings- $81,161 railway- 386,905 "1,150,655 $185,800 notice a the 1943 from 393,600 ►1,376,144 v "2,677,690 _ 990,922 "1,470,652 "4,233 oper. Herbert in 1943, Gross 576,867 "2,618,590 _ 37,626 Stock Issued $4,162,766 Detroit & Mackinac by comparative Net $5,594,393 March— "565,940 $192,400 East Avenue 1940 6,483,314 income— "797,588 income— from Gross 1268. p. "337,588 railway- RR.—Earnings— 1942 18,972,717 railway oper. 157, $9,787,529 2,718,985 — — Earnings "400,452 railway- oper. Net 1.271,533 railway- $10,250,065 declared-- minority deprec. $122,361 "464,728 : from from ry. 1555. p. 2,693.969 income— to $734,903 declared.— not From Jan. 1— $7,022,176 railway- oper. $985,233 but Interest January 1— from Gross & 1943 railway- $152,516 "238,290 "906,629 157, p. "Deficit.—V. from 1940 1941 $699,277 Dtluth Winnipeg & from annum 1943, on the first and refunding 4% mort¬ 1, 1943. was paid but the principal due March- Ry.—Earnings— 1942 "868,258 March— Net May 1, 1943, was not paid on that date.—V. 157, Gross 28,634 7,327,322 preferred stock of Puget Sound Power &c Light Co., a subsidiary com¬ pany, held by the public. In compiling consolidated figures, com¬ mencing Jan. 1, 1939, any loss resulting from such accrual of un¬ earned preferred dividends is charged to such reserve and any earn¬ ings of the subsidiary in excess of current preferred dividend accruals $237,597 . railway- railway ; oper.income— Net interest due May gold Total are railwayrailwayoper. income—, from Net regular 4% interest on the also that the 10% cash pay¬ 1, Pay Interest But Not Principal— The gage for 239,392 7,156,392 _—^ consummated.- To available 6,891 stocks, ________ __ Balance companies. paid when due provided by until lessor 1943 from ry. Gross tional y. 1,899,956 From Jan. 1— addi¬ In $17,143,485 7,050,542 591,917 Bal. applic. to stks. of Eng. Pub. Serv. Co.__ Divs. on pref. stock of Eng. Pub. Serv. Co. — -— 11,120,125 from Net exten¬ an $1,333,710 $17,645,849 4,331,558 6,827,113 6,507 Expenses, taxes and interest—— 290.508.958 307,545.829 157, p. 1079. Gross bondholders' sion t dividends dividends March— rights under the first and refunding mortgage, ex¬ cept that the plan provides for payment in cash of 10% of the prin¬ of 334,745,253 — Duluth Missabe & Iron Range to enforce any right against either of the petitioners or their property based upon any claim affected by the plan. The management pointed out that the plan continues unimpaired cipal for Interest respect the year for 8,000,000 15,500,000 enjoining, during the pendency of the proceedings, the institution prosecution in any court, State or Federal, of any action or pro¬ ceeding all 6,720,603 24,289,506 . 597,601 ______ Preferred sion and or 596,183 applicable during the respective periods. 264,254,797 14,310,157 20,754,161 285,235,672 Court restraining 616.408 11,602,060 6,971,914 earned Earnings from other "For Motors Surplus at March 31 further a 786,337 revs.„.'$1,589,341 applicable from pany, Knox S. 6,876,467 have been restated to give effect revaluation from in U. taxes Total City. issued Court Circuit Hulbert 571,390 above: ,31 1942 1943 303.493.297 year——— ————————— order, dated April 27, 1943, approving the as properly filed under the McLaughlin Act and providing hearing on the plan to be held before the Special Court des¬ ignated to consist of Judge Learned Hand, of the U. S. Circuit Court Appeals 5,177,720 __ divs. owned co. Earns, companies, months—. resulting inc. of an three investment Corp. dated beginning of income Net a and 389,040 Bal. applic. to Engin. Pub. Serv. Co $A»nortiz. of disc, applic. to bonds of "Other in petitions for 27,532,339 — res. eral Surplus at Refund issued $66,362,807 $75,806,349 2,044,582 1,167,837 preferred on subsidiaries U. equity ■ without approved was Commission to 8,114.000 +Du du Pont de Nemours & companies not wholly owned the amount earned on stock is $13,140,068 in 1942 and $19,556,978. the 1943—12 Mos.—1942 $5,721,243 tEarnings of a sub. co. in exc. of its pref. div. require, for the per., less minority int., cred. • S. Compensation for constructing and operat¬ value a Pont Subs.)—Earnings- $6,733,168 amortiz— pref. Balance * Du dividends and the and company 1943. Court freight, outward of Their bonds modification March April Corp. and due May the Railroad the Southern District of New York asking approval debt adjustment, dated Dec. 15, 1942, with respect refunding mortgage bonds of the Delaware & Hudson 1, 1943, of which $47,769,000 are in the hands of the plan public. of $1.77 Court for of Co., announced Hudson $1.12 the on (& Company's equity in profits of controlled of common management $1.16 plants. is Including (2) The 11,050,570 trolled companies not wholly owned was and $730,000 in 1942. 1 and Dec. Plan— Delaware 18,854,205 11,106,366 . Hudson & 12,410,201 11,110,090 / Notes—(1) 10 12,839,358 allowances, Revenues." Treasury. April 30. compared 1, May the on 157, p. 218. Delaware plants such ing stock. outstand. __ include Co. 1943—Month—1942 inc.—net loss_— Dividends 1.899,956 is Government-owned Dejay Stores, Inc.—25-Cent Distribution— 1,899,956 for Fed. inc. taxes is. amount "excess profits" which figures v. 1,899,956 share a 1,867,874 20,754,161 prov. tNet 1422. 14,310,157 com. stock common 14,739,314 ___ applicable to of Amount earned tax Balance the period preferred stock—____ on Balance $38,258 for 22,527,000 Dividends 25,667 — income 22,941 deductions Other $464,393 $33,243 — mtge. bonds on $38,258 ——_ — income Gross Int. income— Service ■___ taxes— operating Other Amount Operating 863,905, V 7,542,818 16,739,314 Operating and other income—. Prov. 3,277,006 361,295 5,065,270 1,607,052 898,821 584,250 Balance Net Rent 2,731,409 V — taxes Interest income 2,224,406 213,460 .. 217,818 other (see ")____— Other 7,200,747 451,526 Depreciation 65,000 654,992 __ on 687,390 7,833,906 - 2,323,807 revenues Federal income . taxes 153,187 Operation controlled (net) 358,912 8,257,598 Maintenance wholly owned other for 382,004 income— Engineers Public Corp., —— invest, 15,286,779 1940 $1,443,799 1,205,045 Period End. Feb. 28— 162,250 71,276 taxes.—. stock not cos. Federal General from Miscell. 40,669 17,703 — ... — res. 1943—12 Mos.—1942 $5,083,085 3,106,904 68,461 expenses taxes taxes Income $346,118 241,753 $489,306 298,623 revenues Operating Co.—Earnings— after from common Operating 28.984,000 Operating , Dallas Railway & Terminal 7,352,733 24,939,000 income oper. • 1941 $2,564,319 1,025,298 ^ $1,239,584 $983,124 —— on ry..; oper. 1942 $2,763,100 888,948 railway, railway—, Net from railway,—, Net ry. oper. income,,, —V. 157, p. 1178. 11,163,659 507,386 applic. to pfd. stks for .the period.— and $10,500,000 From Jan. 1— 58,493,013 11,227,473 — from Gross, from 109,145,959 69,553,065 - gen. $1,490,510 $121,116 $122,485 income Net Divs. 128,359,050 Cost of gds. —— about were $2,962,284 railway,— Net Net Selling, Int. Other of 1943 from Gross ' 1942 Other operating part Elgin Joliet & Eastern Ry.—Earnings— March— s 648 ' compounds, continue to .form an important sales volume, Mr. Hargrave declared. the company's new capital expenditures for 1943 to be $5,000,000, while depreciation reserves are budgeted at $11,- around March. 31 $2,359,828 1,716 $180,702 $197,150 revenues- oper. Other molding estimated 700,000. In 1942 expenditures for plants depreciation, $10,900,000.—V. 157, p. 1269. Ended Quarters Monday, May 3, 1943 company's He v.-.> 1943 - the Subsidiaries) Statement ^ plastic of 1942 during June 1, $1; and Sept. 1 and Dec. 1, du Pont de Nemours & Co.—Quarterly Earns. (E* I.) 1,250,520 62,026 res. each,—V. 2,906,243 86,820 taxes taxes Prop. cents $7,866,985 Operating expenses holders of to was 1943—12 Mos.—1942 $671,915 revenues— 1 per share follows: March 3, 50 cents; as ' are Mr. Schoff explained that adjustments for "As a financial result been of last condition," consideration for had a reserve provided out of $150,000 for possible of the earnings of post-war the company in excellent 1942. to the. company the year's he during operation, said. problem this of "The the company directors maintaining difficult period. a is have given strong cash Future careful position dividends Will Volume THE COMMERCIAL & FINANCIAL CHRONICLE Number 4173 157 of the company and the needs of the capital." •'•■,.■ stockholder as to the possibility of a common dividend pavment in the near future, Mr. Baldwin explained directors "would be happy to make such a payment," but under terms of the depend earnings the upon for business for working Questioned by a basis the on up. tOther directors.—V. Miseell. charges Fed. Est. met) income Net $231,862 $140,636 $23,430 10,338 9,414 15,918 10,163 Crl,3G6 Crl,163 115 1,551 Selling, general, Post-war 2,300 135,000 1175,000 §218,000 profits in and provision for bad debts, but before charging depreciation of plant and equipment.: tlncludes reserves for excess profits taxes and contingencies, AIncludes reserve for expected Federal taxes in V. of ' 1424. 1942, inch is income the as Florida and Co. Power Florida the Service Public Co. \into The and A holders to March one "In inc. and B and in May Co.—Special Sulphur Exchange April 26 and was completed. 347/s, with a commission-of;75 cents * * *->*'' ' ! The Trailer and special of based agreement been announced The credit by received T/.TAv.: Co. of Y.: Bank The of 2,^4,055 (Chicago); Bankers <N. Trust Y.>; (N. Co. Harris Y.); Trust National Bank of Cleveland; Commerce Co. Bank' (Pittsburgh); of Union National Kan.*); Co. Co. Trust Bank Fort (Fort (Los Angeles); .. in 1943 Act possible for does of of Atlanta; Wayne Commercial $1,- Bank; National Lincoln National First (Kansas Bank City, Trust and in 1943 and $1,373,462 National is designated ' 992. p. 4 ' agent in as " Earned Divs. on 1941. additional could such be not and included $1,711,000 added an Net income after Mar. all chgs. and tax, remitted of the because estimated "Taxes eral profits excess will company rate taxes, of < j.2 stu., Mar. cap. ; provision made for uu.iu per Capital of stock been award value distributable . General Finance corporation of 1943 foreign . stock as synthetic is It firm rubber the not over Corp., fields. surplus March at General as 1943 Motors - , • , industrial, oil ■ . . , cost of for 1943 , established with and have first quarter of production been payroas, the in first quarter had dollar a adjusted to reflect retroactive the general trend that and records than "The physical creased rate a on fact of volume that the than equivalent to , 11,944,259 S, delivered the in value indicates. made dollar has substantial in¬ quarter This in as cost savings were realized through the development of new methods, simplification cf design and expanding volume of production. During the quarter voluntary price reductions of approximately $59,- 566 , made was March an during ceeded the ration's 31, have 1943, with line aggregated of 405,894 employees average the first of 1943, the corpora¬ approximately $302,- accts. trade It 144,513 was higher than there $285,308,239 for This for quarter of the first Hourly-rate hours salaries week in of Average United States normal conversion the in accelerated. because new of the materials, must income last "Net the ex¬ the corpo¬ of 261,381 total a with worked of $158,756,859 an This 1943. a 1943, of with increase an employes of quarter average compares ago, year hourly-rate first discontinued of sales, embraced during the Furthermore, it the and in of the compared the year, for The the of result profits, Consolidated Balance ' of which have been added, for the purpose of producing to the corporation's normal capacity. Such circum¬ be recognized before taxes in in any comparison particular, with the of this year's corresponding for the first quarter of 1943 gives recognition There has been deducted a provision has been deducted a to the of provision of $28,404,000 for retroactive prlice and other adjustments which may arise in connection with the renegotiation of war material contracts applicable to sales the quarter. Federal Miscellaneous Common and excess profits taxes have been -Earnings1942 1941 1940 .440.671 $2,232,430 $1,951,992 $1,595,426 ,471,100 648,449 694,902 407,416 income—_ , 464,631 300,100 364,268 175,757 ,747,798 6,297,845 5,293,332 4,449,714 ,952,111 1,775,349 1,710,556 950,77!) income—. ,362,271 796.488 '816,482 274,861 1270. p. 1943 ("1942 railway.— V $255,273 railway——40,935 from from Net income—: 4,811' ry. railway-—: '1941 $201,403 1940 $160,793 83,544 ' T 51,150 19,986 513.138 404,941 152,409 96^721 57,350 i $12.1,180 50,249 4 401 T , 749,058 railway:—,:..; 157, ' i 122,544 .. income— oper. "Deficit.—V. directors 25,120 "861 • 9,066 :1271. p. 299,307 14,525 ' "57,910 . recently declared a dividend of 25 cents share per on of account accumulations on the $2 cumul. conv. preferred stock, no payable May 1 to holders of record April 20. A similar dis¬ tribution was made on Feb. 3., last. Payments last year were as fol¬ lows: Feb. 1 and May 1, 50 cents each; and Aug. 1 and Nov. 1, 25 Arrearages as at Feb. 1, 157, p. 474. 1943 amounted to $19.25:per share stated.—V. was tion— Co.—Preferred ts ten-year 5'A 899. p. jdi.;: ; Stoclj. Redemp¬ V. ' -v Ihe company has elected to ; it >«';•-V: redeem debentures, at on 103% June and 1, $50,€00 accrued face value interest.—V. 157 •'.'•• , as Houghton County Electric Light Co.—Stock— an 31, of 1943 1943, and subsidiaries and 1942 more for ferred Dec. 31,'42 and Exchange Commission reclassify $25),. into (par than Sheet Securities to pany its 12,000 shares of 1.2,C00. shares of common has permitted outstanding stock the stock, the 800 pre¬ owned by Consolidated Electric & Gas Co. proposal also provides for a capital contribution by Consolidated shares of Houghton County common to the latter company. Consolidated will pledge the new ccmmon shares of Houghton under the indenture securing its collateral trust bonds in substitution for the old shares of preferred and common stock of Houghton.—V. 156, $ com¬ preferred $25). All (par is The p. 2132. 287,282,345 »<,*o«»,H20 406,649,711 391,344,591 Houston Lighting & Power Co.—Bids for Stock— See 107,533,736 111,493,570 488,388,188 466,265,585 consolidated——158,904,691 157,013,695 45,442,573 46,260,452 National Gross 10,987,371 Oper. — not assets Goodwill, in patents, 7,427,754 Treasury— Power & Light Co.—V. 157, i K 1559, p. charges—— deferred etc.— 371.483.082 21,744,250 28,261,330 50,236,551 : — Hudson^ & oper. Total Notes 135,128,313 — banks, to pay. under Federal V foreign banks Taxes, payrolls, accrued Due to for items price U. S. — reductions on & and of U. for under 112,721,218 27,839,153 _____——____ 1,510,551 stock— 1,639,189 39,969,076 employe benefit pians_—6.3*5,174 6,386.933 —— miseell. liabilities— foreign — 7,066,878 13,083,213 surplus Earned 16,657,111 1,888,613 — 183,564,400 183,564,400 435,000,000 435,000,000 ——_„__11,944,259 570,449,397 29,290 $250,262 $688,372 $683,607 139,029 148,304 418,290 444,688 adj. inc. bonds $99,550 $101,958 $270,081 adj. inc. bonds: 110,567 118,554 335,100 $11,017 $16,596 — ——— _____ "After for — for reserve of accounts 1,888,613 doubtful others 2,025,333,081 —— 1,835,644 Note—Cash 1943, for of receivables. ductions and sheet.—V. the 157, p. no of war treasury tExcludes on Deficit A—_ 157, 1459. p. held savings stock by Net from rev. 355,662 $65,019 $116,743 RR.—Earnings of System- railway $7,847,391 3,510,667 Equip, and rents Net Other joint (net ry. Dr) oper. 513,780 income. distributable as fixed corporation purchases and at tax 31; de¬ are not included in the balance 1558. 1,613,153 636,549 $7,978,737 102,815 available 60,515 186,764 194,497 3,016 2,434 13,707 9,7.94 $3,083,028 $11,121,841 $8,163,440 for charges railroads and $3,922,743 other A income "After March Victory 354,258 $3,025,007 $10,948,784 Interest, rent for leased 1,226,350 1,353,459 3,695,603 4,028,121 $2,696,393 ______ $1,729,579 $7,426,232 $4,135,317 providing for Federal held bonus. $3,822,944 Miscellaneous deductions Income $5,762,049 $22,176,695 $14,530,821 2,382,784 9,614,758 5,915,533 facil. income Earnings March- income of taxes.—V. 157, p. 1271. Company Only 1943 1942 1941 from Gross Net ry. railway— $17,900,350 $13,483,158 $10,249,595 railway—6,313,125 4,464,882 3,381,779 from Net the bond liabilities , $238,919 • Period End. Mar. 31— 1943—Month—1942 ,'*1943—3 Mos —1942 Ry. operating revenues.. $21,314,835 $16,054,890 $61,023,733 $44 277 88( Ry. operating expenses. 13,467,444 10,292,841 38,847,038 2.9,747^ income 1940 $8,344,467 2,020,099 3,100,272 1,974,470 2,678,251 1,260,685 railway.— 51,513,309 37,430,283 28,256,687 25,021,880 railway—— 18,238,712 11,319,235 8,703,478 5,996,211 income— 9,090,974 5,470,409 6,642,397 3,625,00-1 oper. From Jan. 1— Gross from Net from Net contra for 1,979,771,117 inventories shares. par $16,835,194 employees' Int. on avail, under cost upon int. "Net cost-plus-a-fixed-fee contracts. ALess reserve for depreciation (including amortization of special war facili¬ ties) of $514,686,072 at March 31, 1943, and $501,441,553 at Dec. 31, §Based charges income 561,364,160 — surplus Total $654,317 -$238,579 11,944,259 par)J __ 12,909,530 18,230,828 co. * , ($10 40,584,959 reserves: ——— in preference stock of sub. stock 6,339,015 48,240,218 res. subsidiaries—— — Capital . reserve Contingencies and miscellaneous stock 1.402^14 $661,022 27,349 2,294,555 capital 7,388,318 Minority int. ,j;(,1,656,894 V 9,866 5,990,680 2,294,555 preferred income ilPreferred 48,661,545 136,049,869 contingencies & rehabilitation Common 28,404,000 23,769,612 40,103,213 to $240,396 $2,056 531 9,078 Illinois Central re- 156,661,497 Post-war Allocable 104,152,103 con¬ price Deferred General Net 87,499,022 profits taxes— exc. ^Employees' bonus Taxes, warranties, and Reserve 469,828 $229,501 " , income Income —V. 118,760,324 . adjustments— other bonus on 567,886 C : $2,317,916 Govt., —_ and 2,423,005 sundry S. retroactive 100,000,000 2,728,500 —-— required for foreign inc. & pay. 146,613,940 100,000,000 agencies tracts providing determinations ; 1,979,771,117 , Res. — warranties, contracting taxes— ; 1943—3 Mos-1942- $710,225 ; , payable Regulation to $797,387 50,236,551 2,025,333,081 — Liabilities— & exps. RR.—Earnings— 1943—Month—1942 revenue.— Operating • ' income.. Non-oper. income Gross Accounts Manhattan Period End: Mar. 31— 1,678,625 . and equipment-:—355,252.370 and expenses 12,813,639 •>, capital stock Prepaid ry. —V. The accrued Outdoor Advertising directors on April 22 declared Co.—Preferred Div.— a dividend of 3% on the 6'& preferred stock, par $1.00, payable May 15 to holders of record May 3. Regular quarterly distributions of $1.50 each were made on this issue on Feb. IS, May 15, Aug. 15 and Nov, 16, last year; none since.— V. 156, p. 2223. ... 'I.;/.,. oper. 1271.' 157, p. Illinois Terminal March— Gross, from Net from Net ry. interim common Co.—30-Cent Interim Dividend— dividend stock, of 30 payable July cents 1 to per share has been declared 12. on A the sim¬ railway oper. from Net holders of record June T railway income— RR. Co.— -Earnings- 1943 1942 1941 from Net ry. —V. railway railway oper. income 157, p. 1271. 1940 $821,2*11 358,932 $644,785 $543,113 $475,343 239,638 202,037 148,261 113,708 150,064 117,525 80,013 2,272,111 1,830,623 1,521,218 1,481,583 978,015 676,142 536,936 487,933 344,475 402,190 305,460 271,872 From Jan. 1-— Gross Glidden An income 912,997 period $7,655,259 for post¬ contingencies and rehabilitation In the quarter und*er review, .mak¬ ing a total of $48,240,218 available for this purpose at March 31, 1943. "Third: $5 sales war There 1,556,27!) 1,637,247 receivable, notes etc. cos. fReal estate, piants, General income "Second: than 342,117,538 investments ^Outstanding, account year. "First: rather surplus 31, U———————___ war of progressively 2,390,667 576,685 1943 oper. Net of receivable, sub. 1942. following: for in last- part of volume increased largely purpose hence the greater was facilities, for materials. war corporation's which manufacturing the Government, of disbursed was of of production proceeded production stances in average compares States quarter week for the conversion period As first activities—was converting facilities to was a sharp reduction year. United the $54.76 quarter the This increase of $126,551,380. an per reported.. the first quarter of last year," Mr. Sloan stated, "passen¬ truck production—which constituted a major part of the and corporation's during of for the corresponding period a year ago. "Early in car in the earnings were wages. the first quarter for 42.9 6.5'A. with $48.24 and 1942, employees per average cost over substantial but not a — acceptances, Dividends the corporation's ijiay on Sloan Mr. employment of any previous average history. quarter during the first quarter of 1942. During the first quarter of 1943 and March at Employees There rolls war $1,679,467 government contracts—. in 1,230,184 result of reflecting March at earned net price contracts 000,000." ger $34,528,557 for 1942, Retroactive individual on so ry. The Deposits made were a stock through tion's value as . policy. These were in addition to reductions made prior to this that voluntary price reductions on deliveries of war materials 000,000 year, an outstanding 1941. includes — "Other due was reductions 2,598,728 1,923,066 income— * prices 45.7 stated securities, tax notes—-.. Accounts receivable (U. S. Government):___ Due corporation 346,875 6,286,383 from cents. 11,787,839 $ : more • production its basis annual an :."•••• rapidly more the to at were $3,000,000,000. 711,647 7,413.247 Heywood-Wakefield __ Government pre¬ throughout the year 1942," Mr. Sloan reported. "War produc¬ tion continued upward. Deliveries for the period exceeded all previous 206,352 6,808,000 1179. oper. from Gross treas¬ reductions.) price quarter's operations followed 589,161 8,396,000 : Assets— against $753,711,139 in the last quarter of in the lirst quarter of last year. (1942 iigures vailed -.V; par value, $ as $241,057,842 first and delivered products $765,525,835, 1942 "The new a material of all-time the in 563,794 Harbor Plywood Corp.—Accumulated Dividend— .1942 $ held. is Cash Other record for the corporation; Anred P. o.^an, jr., reveals in his quarterly report to stockholders. Chairman, War materials war peaks for-employment new value of 1940 $2,141,083 985,556 railway—— railway-——_ 157, The 11,944,259 "11,787,273 1941— of excess surplus of companies in which interest Invests, Corp.—Report for Quarter- 1941 $2,717,190 From Jan, 1— 2x, Mar. 31'43 a deliveries Motors of 31, 31, also tInventories General Dec. at U. in for that be operated a reduction a Comparative used equipment 1 15* 473. p. 420,992 income— oper. from Net 1942 Surplus bonus as by $704,980 consolidated; earned .. the immediate futdre, the newly-acquired wholly-owned subsidiary of General Finance Chicago dispatch states.—V. 157, p. 1361; V. 156, p. 1049. understood will as Corp.—Acquisition— control June June 1942 from Gross ex¬ bio,ijj,uoa,043 preferred stock held in treasury, reported $33,811,819 acquired all outstanding stock, except for a McAlear Manufacturing Co. of Chicago, makers and 3, Gulf & Ship Island RR.—Earnings- !•" V" , 2x,oa*,x.JJ &n.) has minority interest, of of valves, regulators and par Note—Earned 5Q';A The adjusted no asset Fed¬ is April $2,290,000 March— . at end of period-——- surplus such $0.03 5CNo common record 1943 railway. railway-: ry. surplus before dividend——-——.—- 594,438,191 517,113,078 on pfd. cap. stk. ($5 series)—... 2,294,555 2,294,555 the excess $225,899 anticipated at this time that to such taxes.—V. 157, p. 1081. it as subject be not the at the on of on 863,880 < from Net earnings of Consolidated Surplus" *" of , Mar. 28,'42 Mar. 29.'41 $0.11 and ' p. Net —V. Net : series "$344,467 157, declared holders $2,909,000 railway oper. 157, v Quarters Ended March 31— Capital surplus at beginning of period——.— Capital surplus arising from the adjustment of has 80.15 ry. ry. - portion Capital surplus at end of period—-——- 27,*43 to last, for the credit agree¬ $399,064 Earns, per sh. on 1,578,697 com. shs. 1942.—V. been 15 15, provision taxes. include not '"Summary corn. Earned ' Baking Co.—Earnings— 15, June March on From Jan. 1— In 194.2, the provision for taxes ./"Capital surplus of $11,082,293 previously reported at Dec. 31, 1941, General Dec. oper. from of 13 Weeks Ended— ' ' Dividends ury Bank of Detroit $35,650 share has per payable paid '' $ ; Earned surplus "at beginning of period 561,364,160 493,883,087 Net income for the period-—______ 33,074,031 23,229,991 Wayne). ment.—'V.-T57, cents from Net City of Buffalo; Bank National ry. Gross the Revenue Act of 1942 on together with taxes Mellon National The Marine Trust Co. (Cincinnati); 1942 $515,360 March— (divi¬ and (after deducting post-war credit of $2,777,000) Quarters Ended March 31— - & Louis; Fifth Third 1943 $522,426 Gulf Mobile & Ohio RR. SO.48 consolidated $770,190 $1,591,573 profits taxes. subsidiaries as iKansas City. Mo.); Bank of America Boatmen's National Bank of St. 50 value, were from railway —V. - National Trust & Savings Association —Jan. 1 to Apr. 14— $34,200 43,499,641 $0.71 not V'T. $18,000,000 "Credit— Co. Manhattan to 1943 is based profits income ; president.—V. 157, p. 992. v.,: through Nationa. Bank oi Detroit and National Bank of Detroit, Guaranty Trust participating are: Bank '! ' • • „• -Week End. Apr. 141943 1942 railwayNet from railway______ 20,935,436 43,420,586 companies amounted Revenue excess $10,000,000 foreign C. Fruehauf, H. banks Savings u ■ Co.—Arranges the N. 2,zj<*,i51 30,779,476 change restrictions. negotiated was the on States Note—Net The price was share—V.A156, a of and Net dividends com- Mfg. Co.—50-Cent Distribution— from Gross capital stock—_ received includes $24,992,000 United has completed arrangements for three-year bank in amount of $18,000,000 under Regulation V, it has company credit V " • '«"■ Fruehauf 23,229,991 sundry income deductions. " 4 /A : " 33,074,031 Net Gross offering of 12,000 shares of capital stock (par $10) was made by W. C. Langley & Co. on the New York Stock 1773;-: Gross Net —_ AThe provision for taxes in 150, p. 3823. Offering—A ..." March—, 1942). 1942—less 1942 0cfc-. 1 Grand Trunk Western Rll —Earnings— on 31,654,000 subsidiary of (net) interest tlncluding quarterly dividends of 25 cents each on no par value, both payable June 19 23. A similar distribution was made on was p. exc, common for United States excess Freeport charges of earnings stocks, 27, last, and in each quarter during 1942.—V. 15 1,269,000 profits taxes-. 50,612,000 period on 1 28,404,000 carrying preferred cap. siuck ($5 series)—- earned 190,982 in declared class record of renegotiation of — Ltd.—Dividends— of Canada, Co. have directors class Sept, shares of com. cap. stock outstanding during the period Amount earned per share of common cap. stk. dends the may produced and sold cars for the number Average utility to serve the Florida Gulf Coast area around St. Petersburg and 157, p. 992. . Motor Julv on 1558. p. dividend Net Tampa.—V. Ford 157, A rationing—11,500,000 for on Amount vice president of the General Gas & Electric Co., saying that a plan was being considered for combining Halligan, quoted on prov. 1 stock, no par Like amounts Service Co.—Merger Considered— Florida Public K. the and From Jan. 1— Net Dividends H. 3,881,281 contracts.: AU. S. and foreign y-"■.v.'-T-- A ; 7,655,259 rehabilitation and with profits 'cars, subject to Employees' bonus and excess profits taxes.— surtax, includes rates, present 157, p. connection 2, last, ^ 1S42' and on July revenues Gorham 14,484,650 price and other adjusts, which material war Operating I7,80o,671 14,912,362 Deferment of manufacturing, selling, administrative and idle plant expenses excess in Jan. on 670,572,104 344,949,300 exp.—<—li,981,128 real est., plants, & of :; Period— 1,994,674 admin, amort, & made was Georgia & Florida RIt.—Earnings ' $ ''• • 818,483,884 447,504,893 for deprec.)_____. prov. and contingencies Retroactive $9,416 $89,603 $48,611 $60,865 —_ distribution Daeced2r\h945i°~vnt157RCp 31 1942 ' $ 1,871,209 equipment — Mar. j.uoa.U6 ' ____ : (excl. Depreciation taxes. "After charging -— - 1941 :V Ended 813,529,947 439,336,580 equity;.:!:——.A—::- _ _ sales 1942 arise ■ Quarter ' 'V Corp.'s 1649 ilar —V. $287,837 —— been made rates." tax — 1943 3 Mos. End. Mar 31— "Operating profit Eeprec. of plant & equip. No provision has . income of Cost 1940 *.'• •• Motors Total (& Subs.)—Earnlngs- Fairbanks Co. 1942. Consolidated Income Account for " ■ "General Hanks and H. J. Schwartz were added to the board as addi¬ 156, p. 1048. Bryan tional of sales Net , , Act 1943 ■' • paid are Revenue possible increases in Comparative preferred arrears preferred stock issue they cannot .legally do so until of the THE COMMERCIAL 1650 Illinois Iowa 'directors The share account on Power April on of v'V,•' Co.—62V2^Cent Preferred Div.— declared 28 accumulations devjdend a the on 5% of cumulative preferred stock., par $100, payable June 1 to holders of record May 10. distribution was made on March 1, last, Payments during 1942 were as follows; March 17, 80 cents;, June 15 and Sept._ 5, 62Va cents each, and Dec. 5, 75 cents.—V. 157, p. 1559. Harbor Belt Period End. Mar. 31— ItR — $1,155,055 159,057 446,205 121,560 356,093 oper. Ry. tax accruals—.-iY Equip. & Joint facility —Y rents, . ,, Y> VY- j YY'-'YY'Y'.- ■.'■YY; YYY'./YY'Y i Total . iYY 15,264 ; i 13,524 terms of, United (Including Wholly Owned Subsidiary , $279,895 $368,021 $123,693 $132,464 Net deductions from Miseell. in $266,371 $352,757 4,317 : 2,877 3,069 $120,624 41,956 ■V:;; ;■;.// 9,280 $129,587 income $358,741 ... charges''' ' * v— charges.^-, fixed ;■ 9,217 v. ' 126,031 $87,749 Total amortization depietion/LYY^ and Profit Changes— "Charles , Kirk, A. elected fill Corp. Personnel — Y';'YV'Y;Y:'.'yY-Y' ' Y""YY\ y been Machines Vice-President in charge of of the executive finance and K. Plant—Has To Build New Thomas J. Watson, April the site for electric plant for accounting of Pacific Pacific the on amount plant new a there be will the far a adding due was but the that only not belief his to Y has 15,500 19,000 over with than less in the in employees employees 400 r- Canadian Federal and S. < . Consolidated and income estimated $4,403,300 credits of 8536,700. Thomas Watson,; J. the first three months of estimated income the under Federal $516,200, 3,464,800 990.116 $2.35 32.31 taxes after deducting published due report 157, 2,461,542 approved Oct. 21, 1559. p. "Including $14,045,948 Canadian for reserved $2.15-V/.v-'.'- Balance AYr ^Property account held Miscellaneous against retirement '■_ Inventories system Accounts and notes treasury notes, MarchGross Net from Net 1943 from railways- bills,- British and and 9,832,954 $1,479,743 $1,086,630 $970,603 1,103,487 377,041 221,974 103,727 railway'--,_ 405,438 -224,011 82,415 *40,841 1—;Y railway— 7,147,178 3,988,775 3,043,191 2,789,269 railway- 3,201,603 553,522 269,582 income. 1,225,663 154.834 *139,021 income, oper. ry. 1940 $2,493,953 securities % . from Net from 7,626,277 Net ry. oper. "Deficit.—V. 157, 354,536 1271 p. operations__„_:-^^--_-^:,^-;.-_ :252,565 of excess profits taxes lest.t •U'. 1f/r Date— The 1943, 1. act M. on The new be. known have The the of'United States 1,281,468 shares shares for of the common of the M. Lines . meeting May on 20, States Lines Lines Co. Directors of each company will vote of May 21 no 157, others of on ap¬ than I. M. preferred shares of M. stock will the new be com¬ of the company of to are stock shares new company outstanding; of the be United new the on shares no exchanged States for Lines will company two I preferred the now be of basis of or 1,274,265 owned exchanged shares of United States Lines owned by I. by for M. M. 1460. p. stock. 22,042,785 payable Feb. TA.--—483,474 system reserve 18,150,275 Contingent, insurance and other reserves.-—— 11,657,368 29,900,520 payable and payrolls-^-: oir income-^.— based Preferred property expenditures in Finland^: surplus Earned surplus ; adjusts, in. Exchange eon sol. in 8,598,975 6,723,908- pgrt—Company Trust i The in Funds Goal of 50,000,000 Pounds In¬ Production—Company Sets Up Employees' Pension Plan— For earned company United Robert $2.22 in 1941. C. increase $2.15 States currency, paws with rate Meets Over 1940 Rate of crease Stanley, in had the share per of stock in 1942 report. This share in 1942. Taxes took Chairman, production rate of '79,013,916 reported per announced 50,000,000 that pounds the "After, reserves for the effort every nickel Stanley retirement company's system. and f the "The are the to amounts The trusts company the system in the setting the over the and future has had for pension of trust funds intention to transfer up 1940 the purpose of $81,884,919 ;in 1941'.' • and depletion of $92;(Represented by 14,584,025 Y „ . present system has been in effect for the last war demand directed gratifying to by for our metals governmental report, as continues authorities,'" forecast a year 15 unabated the ago, the 30 years "It increase is in production of nickel in all forms of 50,000,000 pounds over the 1940 output has been realized. Work on production expansion has progressed according to schedule and is largely completed. All of the company's works ran continuously throughout the year and, considering the shortage of labor and the difficulty in securing supplies, the operat¬ ing results were satisfactory." balance the Held sheet : , ■ of as a Against Ret irement 3yS" of employees, and the service forvtho- Retirement liabilities System and System, assets -;, the Y on 1941, 31, In 1942 the by United States—to the; company this By to finance the by procedure United the to It company. these trusts the is in 1943 Retirement System; trustees United under future years the have States intention present and were made' made to the provisions the and trusts contributions the were relief tax Kingdom Three one in Great Britain receive of the amounts; the for currently accruing Retirement System of years also to transfer to the trustees! $18,150,275. If the directors the further tax savings Dec. at 31Y1942, their discretion "deter¬ expected to result. are annual meeting approved of the continuance funding plan adopted by the directors. ' 1 , the in fighting4 front war material. its is ai-e now using order in The intrinsic to realize the diversified l usage-' principal reason tor this great demand as an alloying metal. More'" manu¬ value nickel vthan ever before and becoming are and start of the has been made to increase: our are essential conflict world maintain to the: summer, of the for have industry peace-time proved t,0 value, tp i1 ing 111942i been I output discussed at the of nickel 1940 length some an estimated all forms undertaken, at in the of us production rate. per the At- from or banks Capital expenditures in and Andrew Dr. Rt. Britton Robert V. John The Q exceed not $9,000,000. , ,v;Y C. Stout,, retired, F. Thompson, Viscount Hon. limited Executive of Weir Hoskin & company? Dominic* <fc Dominick; Vice-President. of company; and partner Eastwood. of P.C., G.C.B., Chainnan of 157, p. 1083. International Rys. of Central America—Earnings— End. Mar. 31— Y Y 1943- Mouth—1942 $710,032. $700,334 1943—3 Mos.,—1942 $2,022,352 • . 393,497YY 395,318. ' ■" Ychaiges, -•A-.-iY-Y ' $2.04b,511c , 1,123,040 Y. 1,154,062 Y'-YY-.--Y- ■/*■>'.Y.Y-' '. , /:' 254,039 Y 906,643 735,542 Net inc0,me/Y--Y-_ AAYY/: Y,!. 246,573 ' Y: 180.385 Y Y "693,248 513,824 Note-Ycompany'1 beljeved not, subject to excess/ profits tax,—V, 15V,' ; .' fixed 1559, p. f 317,178 - ; < International Utilities Corp.—SEC Orders ; ; - Osier, K.C., senior partner of Osier, Stanley, Chairman and President of «& ^. Weir, Ltd.—V 'Period 1942, should " . Ltd.; Rarcourt; were decrease of . . principally for the expansion program,$12,009,497, comparable with $11,739,041 in 1941.; Depletion and depreciation provisions, including special amortization, 'amountedto $13,073,587, These reserves; you will note, offset the year's Capital expenditures. Corresponding disbursements in T943 will show a sub-, • in :YYY{.>YYv.-'Y.:"Y:'.Y^YYYV ;.-Y. . ' ■ - Canada, annum • . exerty . our : needed for this program;, has been best fundsYat;.e arixnual - ment Yy Retiring Directors Reelected— ■ now meeting the following retiring directors were re• \ :*Y"V. ■ .V.Y-" ,-YYY , iY'-""Y;YY":-'V YY?: ^YY/:. -:';'Y'-: Ashley;-"former Secretary, and Treasurer of the company? R. Leslie Seattle, Vice-President and General Manager of the com-' pany; John Foster Dulles, senior partner of the law firm of SullivanY&; Cromwell; Reg Halladay, of Halladay & Co.; John R. Lamb. Chairman, Bank ofToronto;. H. R.* MacMiUan, President, Wartime Merchant Shipping, Ltd.; R. Samuel, McLaughlin, President, General Motors of increase to pounds are The attained. never. before in,;,the.post-war,., world. I am pleased to report that this, Ry. operating revenueswork is being promptly and satisfactorily completed and we are ■ Net rev. from railway already producing nickel at the rate which was forecast last year;;': YY operations --J It is, moreover, gratifying to say that no financial aid from Govern¬ Income available for over countries James ,L. waF|>ro4uctionY ;Y| $35,00,000 50,000,000 that -most world, supported, by adequate the last annual meet¬ expansion project which cost by peace-time uses lost: to''comand other metals land alloys. realizezd scale a on Expansion program—Capital Expenditures—At our be elected: effective, most be preparation for solving problems arising in current in-research former plastics as must great efforts to" create new products., Nickel is being used Ynnuch-of* this experimentation and the results' obtained will be output products it ing 1939, and war substitutes* such connection technicalIbraina in the an prosecution',of the peiiod, will persist to offset this engaged uninterrupted output of smelting and refining: capacity;Y mining, to in with its qualities. >;-It is quite probable that* xnany war-time' Y today will become peace-time > uses of' tomorrow. T believe'4' sufficient new applications,rincluding" many originating in ■ the > ^ .of that In , * Y Company to Distribution of nickel, now restricted to essential war, uses,- remains Y Terminate. Existence—-URld -to/Complicate Structure of entirely under the direction of governmental agencies. Heavy demand /its System Unnecessarily— y / continues, and at times seems to be insatiable.- - The "impression held /YvY'Y,Yyy:J-: ';Y';Y*: The Securities and vExchange .Commission on, April 27 ordered tho by the public may be that an acute shortage of nickel has existed;: and still exists. The facts are that, while we have strained our pro*, coi-poration io terminate its existence because it unnecessarily. com-j ,, duction been facilities made to steel have utmost, and no months to the < due has improved,-fdue progressively return accelerated and to the adopted by governments and plicated essential deliveries" of nickel have of essential war production to failure of nickel-supply/ The of nickel utilization of industry. and is-of scrap that had to4 our bearing constructive, conservation-measures the Producer of largest producer producer of entire our have been rials and of Copper of the output in the British \ platinum control of Empire and are for Canadian important deliveries has to be the war war been sale uses : proposed to merge when lower, our average profit whereas in was 1942 selling prices $60,650,514 profit was were before $57,781,114 higher and production- costs provision of $10,350,890, before tax provision of $25,- tax system. *Y, ' •' intermediate* holding company systems, Eleetrie Co.,-with which International holding company two and in lien of/dissolution, .and -»• l ' n,: , that of the General ' >Y:*Y the on voluntary plan.-.;. .. classes of preferred stock," on imposed. Taxes—Referring to the annual report, it may be noted that the great increase in taxes is exemplified by a comparison with' 1937, the most profitable year in the company's history: In* 1937, its Gas i.;'YY-.Yl,vY ,, Y , • , a mate¬ in of controls The SEC found that' International, founded in 1924, never had paid dividend oil its Qlass R. common stock, although tjiat class of security held 8SC of the voting power, 'and that no earnings had been ap¬ plicable to that stock for six years. The Class B is junior to three the world's and Arrangements British metals their continue Empire—We metals. for copper The governmental British platinum of continued. Increase copper in structure Dominion Without passing under Largest the the voluntary plan filed by International.'for its merger into Dominion, the Commission said such a step would be con¬ sonant with .the provisions „of the statute and added that it soon Would issue axi order consolidatixig the resent proceeding with lhatj ; importance < r-\ of Water, Gas *and Electric Co; scrap which ; paramount time. the International shut-downs occurred recent salvage this at the have output, mills been The to in increased to promptly known largest deliveries says. to petitive of nickel and copper, now at its maximum, is being, in Uhe production of essential war material; During the the first consideration of your .management has been to co¬ operate in every possible way with the Governments it serves. > Several of our staff who have a broad knowledge of nickel bearing alloys have been released to agencies of the Governments for the duration of the war. Their years of experience in developing metallurgical the years. and report that for in this nickel war past year the further sustaining benefit' plans or for of board your Ultimate nickel uses depreciation, amortisation and very metals Our * Mr. appropriations of control side asset heading "Securities provide to Is facturers Stanley Reviews 1942 Operations — Sees Post-War Uses For Output—Robert C. Stanley; Chairman and President, at the annual meeting of stock¬ holders held April 28, 1943 at Toronto, in reviewing the 1942 operations of the company, stated in part: \ situation promised liabilities important . Victory—Post-war .Outlook—At this time, with victory certainv we must further intensify rather than slacken efforts to end the wax1. It is, moreover, the duty of industrial' for 234,345,681 '298,472,679 c— 847,159 in 1942 no par shares. are attained. also $1.72 also of entirely advised that setting aside familiar Total corn- common according to the annual been now net the subsequent years of take such action moving 6,723,908 60,606,500 Dr2,461,542 Dr2,461,542 suspense - 483,474 . 81,225,508 ——AjJ - under the Retirement time to 1943 of our ^,403,661 60,606,500 > ; management to prepare now for the return of peace. This your com¬ pany is doing and I believe that our accomplishments during the war,' coupled with intelligent planning at this time, foreshadow equally satisfactory accomplishments in the post-war period. One needs only Y to visualize the endless procession of trucks, tanks, planes and ships '7 / dividend Retirement Reeserve for the ultimate 8,803,671 Taxes the v ' accrued an in in 60,766,771 ;7,522,809 stock Accounts of in -Y liability approximately $18,400,000 at Dec. transfer to Aim 60,766,771 tCommon stantial International Nickel Co, of Canada, Ltd.—Annual Re- to held on As reserve ":r-. 27,627.825 had preferred share-for-share-exchange;. the 640,734 shares M. M. now outstanding will be exchanged for preferred and by of shares a presently new 213,417 owned number common one the total Canada, : 27,627,825 ''.Y'Yr^'i now same the; 1,200,000 common —y, spec'al (Nev.l, into if the merger is approved by stockholders, States merger, pany on the basis of of : capital stock of I. M. to of United United States Lines Co. the for the I. Vote merger. of terms exchanged shares Co.—Merger the merger. Under new called merger company, stockholders of proving been United as approved have plan for a Marine :;v--'Y--V. stockholders to M. will *Y V of mine to 600,000 ■' preferred the meet liabilities, and over a, period substantially the remaining balance in* the 294,345,681 298;472,679 cumulative to , amounting 350,102 • Liabilities— current Mercantile the The shareholders at Total of eecur.ities reserve. sufficient consumed International Y: on past-service. • the accrued for portion The third the ' , 50'Y. participated Y:'Y Y ■ in income non-occupational, The System has been financed required funds plan annual ,been, availed of 27,263,713 23,204,405 Since 782,782 . the laws 29,181,886'35,741,402 future to Refundable portion From January Gross Y been now approximately employees 7,377 year, and initial- contributions totalling $2,928,438 '.Y;Y:YYY::YYY';Y:;:;::;, YYY Cash Charges the board U. S. tax short-term other the included under from time to Many 1941 1942 item from 34,785,800 16,728,022 39,188,450 _l-: deposits time 17,404,172 ^-Y-Y-^Y"-Y; receivable, lesS reserves:ii-Y of Reserve." and 616.442 628.059 Government seeurities Canadian $ 155,912;400 156,976,490 18,140,790 18,384,431 res._ securities ; hourly or ,v an weekly a or ing an independent trusteed Retirement System. Ycvcated under separate agreements—one in Canada, 1941 • $ Securities ' appropriation to the reserve amounted to $2,980,261. The directors decided in 1942 to-complete tha program by establish-1 :;Y..Y;''Y'Y: Eamings- contributes the provides of sickness account, on of death. ease the were sheet 31 Dec. Sheet, . our, Retirement the current Chairman International Great Northern RR. work insurance Y meeting in 1937 I reported specific brought taxes. 1942 and applicable 1942, This company pension corresponding $2.22 - of Nations:-" the on step in, which previously, been reserved was set aside in 1937 by transfers from earned and, as shown in the annual report furnished to shareholders. 1938, new 2,461,542 76,552,374 ■"M--* on Consolidated Assets— issued, was Y' ,//. . part or the directors additional to the statement 4,000 United continued years.. During direction, Y surplus, 79,013,916 78,763,966; : — Capital but, taxes, all had not ,156,338 year-81,225,508 'Total V 1942 $5,755,497 quarter of 19942, .it was necessary to make an adjustment leaving for the first three months of 1942. a revised net $2,290,697.—V. of ' y than more the individuals whose remuneration is on through 1942' and has employees the annual balance 1,039,546 the net a Canadian 1942 of Earnings per share for profit of $2,806,897 after that showed 1942 and of Act Revenue iirst the of stated of this ; tern be¬ - profits taxes levied after excess to profit S. U. and tAdjusted. President, * :T,933,899 Exchange adjustments in consolidation in susp. ever V.'YYY/'YYY profits excess 34,356,401 '75,747,752 . Y 1,933,899 end than excess- Outstanding shares of common stock„_i-:„-l.i-. ^Includes surplus he Earnings per shares—' past-war Earned - ■ war forces of 479 were company without; contributions by employees. I directors were giving consideration to the irrevocable the f .in '. Y1 the of armed stipulated 'in. the- plan., payments in the L'1 29,156,338 Y . the -income„^_Yr-AY'-Y—$2,439,904 t$2,290,697 net. dividends dividends war 1943 ■ $8,203,604 start the the Retirement System, ;'Ywhich has now been in operation for 15 years, providing security to, employees in the. form of old age and disability pensions and benefit A -112,315,745 110,104,153 . the (estimated)..^-;-.-.—"5,766,700 taxes profits - beginning surplus. Common decision to put a company's large after Statement Income At the 600,000Y• J 33,301,829 of 'year^Y—-79,013,916 year , Quarters Ended March 31— ■ Consolidated net profits before taxes-LCYA—Y U, for surplus Preferred 1914. ; in munitions Consolidated 26,328,792 ' and benefits under United countries, all in employees profit Total States and Canada continued, compared Y Y Y-'Y, YYYYY IBM now has $136,000,000 contracts, Mr. Watson stated, adding that the company has "been able to meet every sched¬ ule ahead of time and has been passed 100Y on quantity and qual¬ ity in accordance with our contracts." The company has developed a mobile electric accounting machine unit, consisting of a truck and trailer outfitted with accounting ma¬ chines, files and other necessary equipment, which accompanies mili¬ tary units iii® the field to maintain the records required in connec¬ tion with army logistics. During the' year the IBM group insurance provided for its em¬ ployees was changed so that every employee now receives $1,000 in¬ surance after, one month's service, rising by annual increases to $10,000 after five years and $20,000 after 25 years. "•'.••• — Yy. ,Y; Y'\YY and now 60,685,193 , the was five cost. cash the to that A'. IBM Net Earned of stockholder ^ industrial district greater fore. accident 32,701,829/; 34,356,401 profits taxes (est.) excess all basis, over premium "25,079,285; incomeYHii-CJ on" for for during absence from , 57.781.114 Since i. entered System—There by. the Harrison taken an option on to manufacture cards Calif., Jose, 1929. piece-work effect has company San machines, Coast business Coast in based _1 ; Large Munitions Contracts President,-at-the annual meeting announced that 27, taxes Refundable portion of to —Develops New Accounting Machine Unit— held for i taxes-—^ Balance has committee caused by the recent death of Edward Cornell. Chauncey has been appointed Assistant Secretary. a '/iY* . manufacturing, vacancy member a Provision ' '/Y ;',</? f before prop- ' System pension rolls at the end of the year, as compared with 425 at the end Ot 1941. ■ Ys;.:,„„;tY'::YYY' Y'',; Y J -f ,t ' The plan of contributory sickness and non-occupational accident 853,929 / in ;; .employees have YY Retirement 13,073,587'Y12;883,552 2,980,261 * a2;473,702 -3,114,649 3,284,321 system Contingencies, insurance, etc., expenses; Business J. 1,325 $Y,V7: 79,326,768 76,949,611 be correspond¬ a ing increase in the number of employees. At the year-end this number 23,038, as compared with 18,123 at the beginning of the war and 78,472,839 1,046,098 in was 169,722,916 75,903,513 Y__Y——Y;_ '>''Y-/ International $*'JY>: Y- be kept in harmonious balance and the public interest is tq erty served. This is* indeed5 the -crux "of the labor problem; The increasing- demand" for our- metals has resulted -y * 1941 - . ..A 169,595,728 — income Retirement $144,647 $230,515 r .' '"C Companies) L income Depreciation, $78,668 liquid position in a be financially prepared to meet .contingencies which tnay arise; holdings, consist,-principally of Government securities, more than r?Our insurance, Y fixed after charges; , Other $270,678 128,226 policy of maintaining our -portfolio--of securities in order to /. 93,692,215. fr 91',250,077 • inc. Net 41,838 . ;Y - States;currency) ;.'-Y'."'.:Y''' 'J':r ;.'. 'LY-Y~-Yf;YYY and expensesY.i, sales Costs Operating profit •' Total shareholders received . Consolidated Income Account' for Calendar. Years Y 1942 .A-Y-A income $119,376 $127,264 5,200 „.yyY-Y--; income ./Stock Y .--'..y'tY -■ Monday, May 3, 1943 r, 96%. of-which mature before 1948. Y:'• Y "-/-'Y-'-5 • : operating economies, technical development of new products, de¬ •»;• customer good-will and the maintenance -of -a strong.. finan¬ Labor—Employees—It is my belief'that recognition of the principle position are the essentials of any such long-range plan. of collective bargaining is nbt only desirable but is in the best interests Your, management has long held the opinion that these factors are neces¬ of both management1 and employees. "^L'thmk - that equal opportunity ■:; .shou)d sary to a successful enterprise and considers that it is prepared to be open to both wage" earners-" and business men to organize meet post-war conditions with a minimum of disturbance ■ to your :f to advance' their Respective intei-estsT'; ' Both, however, should be con- . trolled company's business." ,Y -Y;Y J ' Y; by equitable laws if management-employee relationship is to (Stated for convenience Other YY;Y V- . 079,285..' A comparison of ■ dividends ' and taxes' per share of common for the same yegrs-is.,even tipore striking: ;Mn the year 1937 , $2.25 per share and tax provision amounted to 71 •;> cents per share; while in1942 shareholders received $2 per share' and taxes were $1,72 per 'share. -Y ; ■/, ■' * r V/.i Vvv. .Y Portfolio in Liquid Position-1—We haveYcontinued to adhere 4o the, ,V:'-.Y salvages- of : ' v cial 357,058 $440,333 ry. services.v. y' organized • that 389,419 142,399 1,067,642 fr. ,;..Y.>:YY'Y1' ;■-r attained,-.coupled, with already and "While in'no way lessening its. war efforts, company has long been plans in preparation for the post-war period. We believe $1,012,848 170,670 operating exps...;_- Future-'''-'.!- for nickel of applications ;>-y- ;<Y / tention of 941,036 Ry. $1,341,029 its formulating /Y $399,993 $1,507,975 rev. "armed $3,900,639 2,887,791 revs.—— Outlook - production in niekeLbearing scrap, has eased a threatened shortage of supply," Mr. Stan¬ ley said. "It would now appear that a sufficient ..tonnage of this strategic metal is available to meet all.,vital requirements of our 1943—3 Mos.—1942 $4,170,740 3,015,685 operating Net /YY-'y'.' Earnings— 1943—Month—1942 Ry. -;Y'Y V,v expanded conservation A "similar Indiana ■' :, "The cents per convertible 62J/u & FINANCIAL CHRONICLE two of which substantial dividend arrear- * ages ' have accumulated. , , Y / --A ' For That' reason, the Commission said, the corporate structure of the ' feompany unfairly and '-inequitably distributed the voting power among"' T,» ' the-holders v of securities." Because of the -for-continued the existence ' dividend existence .of ' arrearages -• and-the International, tim be terminated. of; the company • alleged lack of "necessity Commission ' ■ " direct Y that Volume "International ing companies aries." is holding company having two collateral sub-hold¬ shares hold-the .securities turn commented. of operating subsidi¬ of substantial underlying of With that to the respect to on dispute trust Dominion bonds of those to of International's to continue International the meet to July on each allowed by contention assist to collateral its addition . 1, 1945, maturity the Louisiana & Arkansas March— Gross stay of Net pointed out assets the existence available, for of International in use bonds." meeting and the the at of maturity i--.'.■-•■■:"•.■•" ; 5,000 from Liabilities— Accounts payable Accrued salaries and Net ry. —V. ••■■' Accrued 157, p. 1182. $822,640 $657,759 661,164 440,627 342,932 232,204 224,149 186,950 128,996 income 181,128 1941 1940 4,820,709 2,927,683 2,330,981 1,967,356 2,083,375 1,136,613 959,746 699,119 income— 602,823 583,095 513,181 390,182 The SEC of out April on approved dividend the 87Va of declared cents Period End. March 31— the corporation on its $3.50 prior preferred stock of" record April 21. The aggregate such payment is $83,953. capital stock, 27 surplus payable amount of by 1, May Operating to Time Extension— i The Securities proval of Dec. to 6V-t'k Other Exchange Commission announced April 25 ap¬ application by the corporation for an extension of time an 109,184 63,871 63,763 56,899 approp. 112,192 78,346 revenues..— taxes $176,715 839 . res. 975,868,:, 1,066,041 762,567 V688,882 V, 1943, oper. Other income (net) — Gross Income 1,197,843 929,673 $133,379 $2,256,811 $2,022,458 656 24.456 13,015 $177,554 $134,035 $2,281,267 81,485 79,168 949,835 $96,069 $54,867 $1,331,432 Dominion bonds.—-V. in Investment A 356,532 Value stock common cents April on to 75 quarterly distribution on March 15, 1943.—V. of cents 151, p. Bridge & Terminal paid on record par no —'V, made to the $2,035,473 sale to it of amount sufficient account.—-V. 156, p. 255. taxes oper. $974,900 Luther Manufacturing 2, company Broad 1943, of V. St., receive ; ... ♦ holders Reserve Ry. operating Net 2.008,245 by Other taxes... p. >"1. each $3 0 v \ dividend a record The made T* V*' »V. - no $5,903,352 6,012,731 3,638,858 - directors • $4,443,159 Equip, Jt. (net rents fac,. rents 1,500,000 April 20. Nov. $722,144 2, Feb. on ' *'• —V. rv. 474,000 324.000 $873,252 $801,505 $2,469,159 $1,760,494 234,481 159,173 722,517 357,687 10,088 10.203 27,198 29.043 Dr) 157, 1181. p. $628,683 income oper. $632,128 $1,719,445 > This be Jan. 2, (x-u.-: Los " ,!!«•-/ Angeles, Net. ry. railway—--, railway-——- $396,374 232,625 100.014 income— 102,926 43,322 oper. from Not front Net ry. $207,942 ing railway-'—- —V., 157, 656,073 — income—_ 128,680 86,077 586,073 360,752 of 242,211:. The have declared stock, common May 1.. and Dec. no dividend a value, par Distributions of 10 15, last year; payable each cents 15 of May cents 15 Wire & Period End. Mar. 31— *Net 156, tion share per of Federal ter ended for the March 31, $364,083 $0.29 • $677,785 ;•?;> $0.48 • -Under and April on Nov. March at as and 31, 25 declared payments of 1943, amounted of $1.25 each $1.50 $4.75 per to amount Life 4 of 30, 1943, » Conversion conf.orm This the concessions petroleum of (26 per minority said its Lago C. H. will company will to afford - the Co.; approximately plan,"—V. 157, future of this of law Lieb. 40 this ended the regular value par '20 regular tribution V. 157, June on of 50 both corporation that "is the from in Venezuela Net ry. to Net from Net ry. —V. most The -It in share class and A of 25 cents of are brought holders of record & on share share the no per on May>25 and An 13. Mav 1942 25. extra the local in record April and Dec. 1, 31, $73,117 157, 30, Jan. at ^ 1943. 1272. p. 6\ki.'c of $1.62 Va cumulative share; pel- preferred A on stock, record May 15. A similar distribution, Payments during 1942 were as follows: Sept. 1943, taxes 1, $1.62,/2 amounted each, to and $24 Dec. $2.75. 1, share.—V. per 157, Sale of lease Avenue, on Macy and at Jan. 31, '42 the Inc. t 4.-121,636 88,226, 498,178 266,026 . 79,575 1,074,741 994,921 404,197 327,774 305,084 251,949 i Co., Ltd.—Extra common extra stocks, ry. cents and July each 1 1, of Securities shares Power 50 non-cumul. share per to in and of & Ex¬ common Light cash. Co. These in Kansas owns July stock, 1 the 1st June Dec. the pre¬ 11. Dis¬ stock common and on and cumul. record on Oct. 8'-r Div.— share per dividend of made 1, cents the on holders also were April on $2 $2 23, 011 1941.—V. RR.—Earnings1941 $102,328 $107,498 $90,993 88,608 34,281 47,936 30,504 1 27,057 13,725 28,213 13,391 467,8.99 . 1942 $165,271 345,466' 326,478 342,823 249,757 144,804 152,157 168.032 142,077 71,079 93,408 106,291 V income-— :H,; 1272. p. 1940 : railway..—. oper. —v.. 157, Midwest ■ v:,:.' share per -— June 15 regular Co.—Smaller Dividend Declared— have 'stock, common cents Jan. 31, '42 Oil directors holders to 79.936,902 142,516,130 138,282,340 10,638,969 18,809,926 15,240,556 stock.—V. 156, declared $10. par of dividend a and 8if the on semi-annual the record May dividends of 37>/a cents per share on seml-ahnual dividend of 4 stock, 15. 45 of usual preferred $1, par Previously, cents both the payable paid company share on Co. per (& the common 1690. p. 742,763 Minneapolis-Honeywell Earnings— 1,414,575 1,156,293 contracts, 299,676 153,913 614.611 Interest less rents debt and v j dis- expense..:. 276,991 621,900 1,237.000 1,237,000 for reserves shares the taxes (including of three Revenue Act months of 2_>— 7,735,524 4,540,386 9,187,710 235,451 281,222 477,658 4,821,608 9,665,368 5,746,478 taxes:'—5,356,000 2,160,000 6,580,000 2,870,000 p. income (net)—— - income of in for minor, 95,051 not are was made based for (On directly profits excess taxes upon the renegotiation for possible by 2.613,744 3,029,589 2,781,427 of ry. 3,016,457 from ry. Ry.- -Earns, Ry.) 1941 1940 $3,599,873 $3,184,055 $2,270,477 $2,137,400 929,703 832,156 362.962 344.372 —..— income_*4 517,912 482,483 99,703 77,994 9,957,870 8,808,846 6,492,153 6,110.864 2,146,225 2,009,761 1,013,375 833,984 income.— 1,153,424 1,021,244 183,258 47,912 oper. 157, 2,781,427 3,312,134 1942 Marie railway— railway—— oper. Net —V. 1,656,067 railway—— railway. from Net 13,132 2,613,744 1561. p. 3,592,146 losses inventories, use Life due to future $3,100,000 method in decline (less in market cumulative prior period, Mississippi Power & Light Co. prices adjustments cancelled now of Period End. March 31 - Operating Operating expenses -Earnings- 1943—Month—1942 revenues 1943—12 Mos.—1942 $867,481 $798,050 $9,119,934 $8,879,947 503,422 467.879 5,224.629 5.341,369 60,178 72,013 607.068 504.345 62,118 53,459 788.289 777,337 80,000 68,334 835,000 805.000 $161,763 $136,365 $1,664,948 $1,451,896 • ■ ■ Ste. Central From January 1— Gross 2,577,908 Surpl. tProvisiqn for Federal taxes Excess 55,779 13,132 ! ' $3,086,868). ^ 47,863 2,591,040 merchandise - was Sault Wisconsin 1943 from from Net 23,935 earn. Gross Net 1,656,067 occasioned (Including March— stkhldrs. profit • 1942, provision Federal 'Deductions of 31, figures and $1.01 Government $184,877. 4,848,381 profit and losses of Net 1942 income of of 1561. Minneapolis St. Paul & profit tProvision Int. refund 898,096 7,970.975 157, SThe March no renegotiation post-war Federal ended and 1941, until the year end.—V. possible stock. for $669,931 $1.00 and common $1942 "•+$681,621 estimated provision as Subs.)—• 1943 charges—- share——.— per comparable,' for nuities for pens. empl. Other income after all "After _______J____ and 1,650,605 Regulator 3 Months Ended March 31— 646,411 paid received / " : " and tax on income consists of the following: 26 Weeks Ended— ,—— ! :• Jan. 30. '43 ' 52 Weeks Ended Jan. 31, "42 $1,400,500 tax_l:'__'' profits surtax; 3,955,500 Federal — Jan. 30. '43 Jan. 31, '42 $2,624,500 Other taxes Prop, retir. res. approp $2,685,000 $2,013,000' 147,000 Consolidated — taxes 3,955,500 185,000 Net oper. Other Comparative Assets— Cash ' demand on States Notes * ' and deposit and Government accounts Balance revenues— Income" ; 25 27 632 912 $161,788 $136,392 $1,665,580 $1,452,808 — _ Sheet Regular all of cents • 12»/2 per payable/June 1 cents share to per the on holders of 1 Inc.—Preferred Stock Called—Direc¬ ... The directors have called for redemption par value of 7 preferred stock, for the of June sinking 1. fund, on ' ' Loans to Deposits 5,509,740 accounts 4,788,291 hand and in transit 22,227,650 21,646,778 1,077,199 241.431 Fixed assets mutual 743,000 not used in opers, Bank___ of insurance, 114,390 * supplies______ exp. prepaid etc. 467,771 39,776,768 833,501 — taxes, 77,285 39,051,277 •_'• in respect of long-term debfc_ 561,471 1,692,373 1,429,048 78,102 290,318 110 and" Total — deducts.. — 77.606 $84,182 75,966 920.109 918.766 $60,426 !' •■ $745,471 $534,042 applic. to pfd. stock for the period... Balance —V. 157, —i— 403,608 403,608 $341,863 $130,434 1363. p. Missouri : .$102,978,948 1 $87,748,279 Illinois Ry.—Earnings— March—Gross 1943 1942 1941 1940 railway—__ $257,507 $246,201 $206,221 $168,359 railway-— 117,588 110,904 100,755 75,132 36,910 47,443 52,906 47,626 railway—— 755,580 654,852 567,678 497,936 railway——— 350,123 233,664 278,918 220,350 income— 1272. 97,695 133,768 156,977 141,038 from Net from Net ry. oper. income From January 1— Gross from Net from Net 1 1943,' $25,000 at Dividends 41,288 127,703 cos._::____i__";: depreciation__ Unexpired Unamortized 46,011 insurance assets (less etc., income 625,087 743,000 and, equip, Macy's Interest, — 6,532,203 instalment on income 3,124,528 1,345,384 other employees with Miscellaneous $6,020,904 20,290,706 Gross Net debtors in Jan. 31,'42 3,078,584 and buildings Investment Jan. 30,"43 hand.$8,145,432 obligations-___.___ retail t"Cash-time" Goodwill as ,;/• • receivable: Inventory from 758,486 Rents tLand, Distribution— dividend 30, Extras of 12Va cents each were also paid on June 1942, and June 2 and Dec. .1, 1941;—V. 156, p. 1505. , Gross Net The ' 100.924 108,960 380,249 an payable 50 of dividend 1943 ^Earnings $325,846 143,002 1,247,563 declared, the Kansas Co.—50-Cent Common a the on January 1— from railway Net dis¬ 1940 of outstanding to (a 90,575,871 161,326,056 153,522,896 repairs Period— $382,860 all Co. From the Jan. 30, '43 and irom Net the Inc. -—52 Weeks Ended —— declared railway from railway.. ry. oper. income_^_ Net which is erected & Co., approval of 555. Gro.ss for $1,100,000 the remain¬ Seventh the sale Power Products dividends all of last, p. Net interest asked for the March— disposi¬ Bamberger & Co. on carried lias Electric Midland Valley for with 81,163,681 Merchandise inventories ■, Lincoln Stores, torate Increased— and ' 314,993 — 157, , L. 1. 2,765,518 last year.— 1941 $432,785 . 130,593 — B 31, at Jan. the in connection stock, April 3,305,768 ''Provision on May also made was regular quarterly dividend of 25 class of 2, dividend a the on and 1 have quarterly 1,454,551 concessions cents 50 per being payable 1,485,851 Groceterias the and Jan. at , stock common tributions certain and which, -v - the necessary however, savings :'-i • the 3,268,185 United have 1943, shares.—V. par last 10, March Steel directors 2,870,294 extends they existing 1271. directors 30, transaction ferred 30, for 12,638,468 Sundry Loblaw .■ 30, Jan. at declared June at as Kansas 936,994 Distribution— $555,455 income March 011 Commission 1,395.743 important law." new extra dividend 7; 208,444 income—,- railway $262,200 treasury $200,000 at Jan. no holders to corporation 1,728,522 vN"- railway——• oper. 157, p. have 1 " 1,662,968 Balance to an share railway oper. from at Jan. of $13,290 accumulations $2.50; of usual by From Jan. 1— Gross depreciation 1,439,052 to approved the the date - railway $87,748,279 and $548,000 - subsidiaries 1943 from 1943, 2——' Net under dividend March- from $521,500 -v— - cOuiit Lehigh & New England RR.—Earnings—: Net of Midland , 93,802,149 i*. ______- Normal Gross reserves Depreciation Arrearages was country remaining under the special cents per 1363.,.. p. and Taxes - years. declared stock, 1. 9.013.108 9,577,341 1943, 2. The pro¬ those of profit Maintenance 1461. p. quarterly common 9,545.465 ——9,577,341 involves 59.500 shares for $2,500,000 represent the only securities which Middle West Electric Power.—V. 157, p. 1561, : last Jan. $2,613,744 deemed mortgage Jan. 30, '43 (inch expenses share.-1—V. 157. p. 640. President, years term Lane Bryant, Inc.—Extra and 126,829 41,401,675 net period profit after property indenture, —'26 Weeks Ended Dividends The directors have 5,247 118,614 41.401,675 company,:,— $160,200 at Jan. 30, made The : <• the subsidiary — ' Action on another proposal to sell the Venezuelan properties of Lago to Creole Petroleum Corp. was deferred to May 7 on a resolution offered by L. F. McCollum. representing the stock of Standard Oil Co, (N. J.i;, who said the additional time would "permit of further study of 50,000 159 U— 475: Federal for corporation of $321,633; ■.;■■.. mortgage annum. Balance obtain to provisions,!/ The is 761.667 50,000 -. securities shares on share compared weeks) longer no the ground of the main store building ol R. H sales Gross share net with 1942, the corporation acquired stockholders' interest in 455 leased departments).. Cost of goods sold and ' producing concessions under of the new. in of of of stock its privilege of pre-paying the balance of the the mortgage of $900,000 held by The Mutual Period- Delayed— April 23. on conversion, advantage the of the to in $102,978,948 change 1,656,067 shares outstand¬ parcels some ends Purchase of paid-up an- stockholders of Middle West Corp.- -Seeks SEC Approval for the consolidated per corresponding consolidated amounted its Insurance >/4 Dec. 31, portion Net per made. were the months were since year provision $1.82 compared '•• ■■.'; ' ■',' -v dividend a ; terms the 1943, alter aggregate net loss sustained ■ Lago Petroleum Corp.—Conversion in Venezuela Ap¬ proved—Merger stock June p. Comparative Consolidated Income Account profits taxes, excess account of accumulations on the $5 prior preferred stock, no par value, payable May 25 to holders of record May 10. A similar distribu¬ tion was made on this Issue on Feb. 25; last, while on Feb. 25, May 25. 25 interests Arrearages 1943, exercised $1.49 excess 28 the 6, of The properties $1,130,496 , $0.89 Kinney Co., Inc.—Accumulated Dividend— directors these the purposes subsidiary company) which holds a on Aug. per on , properties expenses. On profits tax provisions for the quar¬ 1943. required $253,654 compared with $405,577 a year ago.-~V. 157, p. 730. <• ' ,< quarter same (G. R.) The income the ol : 1943—9 Mos.—1942 'After all charges, including Federal Income and tOn'757,632'shares of capital stock outstanding. Note operations. six as of of rate 151 the Jan. Benefit record April 10, Aug. on Co.—Earnings— $220,854 y* share.— per cents rendered ago. ended year tax for The $2,577,908 disposed principal the on 431. p. 1943—3 Mos.—1942 profit fEarnings 25 the Saturday the current fiscal year will based upon are year.' conditions, March holders to made were since.—V. none Steel the share per for taxes to present sale ing Keystone install¬ assessment prices Bank_____ Macy's directors The report equivalent to subsidiaries 0ther Company—15-Cent Common Dividend— directors variations account , which ends year subsidiaries, of • . its $1.68 year a interim income $3,016,457 or Federal for its the % Key of - as heretofore. weeks) ended Jan. 30, and to amounted future 228,216 Federal close of each period light 335,825 137,979 y. (52 first accounting the earnings per share During 81,048 611,865 ' ■ year at the same 114,945 303,689 317,267 1271. p. 326 000 3,100,000 Insurance^—_• payable Calif.—Extra diwdend > The closing date of For company $2,781,427 1943, $204,030 July 31.1943.' amounted vision 1940 $216,280 railway:'—1,096,62!)/'^ 612,696 oper. extra an 1609. p. 2,549 000 Merrilt-Chapman & Scott Corp.—Accrued Dividend— $.'■ •*> was the fiscal each of taxes, ■Front Jan. 1— Gross 156, represents new year of the with from from extra a each 31 For , of July 31, year; Net possible ""Outstanding, 1.656,067 $2 per share on the This compares with dis¬ Aug. 1 and Nov. 2, 1942.— quarterly dividend of 50 cents per share on the both payable May 1 to holders of record distribution of 50 cents per share was made on year,—V. report adoption $1,373,764 Kansas Oklahoma & Gulf Ry.—EarningsMarch— ," ' - " < 1943 ,1942 1941 Gross for JiLess debentures held in of * declared 10,000.000 ■' r 1942. The V-'? . recently usual An last profit Net deferred profits on on 1942. (R. II.) Macy & Co., Inc.—Report— 180.000 -108,000 DrO (net one reserves +Less value common stock, par $2,264,494 100.000 158.000 income:- oper. the and nearest Ry. after April 20. Investment Co., Mayfair share $10,455,890 $1,009,504 500.000 — . due Kansas Unit— $1,531,252 income taxes payable, 20,875,000 surplus surplus "Less railway operations Federal 1,305,549 expenses from rev. $2,315,054 notes and for Co.—Pays $2 Dividend— paid of 49 500 1,109,565 1942, Dividend of 25 Cents— 1943—3 Mos.--1942 $3,539,498 H. prior years-—1,047,868 for 344. 156, i ' 1908, fund 1 May on stock to tributions South 135 June 1943—Month—1942 revenues-—_ for Reserve March Ry. and sales ment ^Less Kansas City Southern Ry. —Earnings— Period End. Mar. 31— R. of yr. Inc.—OV Reserve for taxes Capital 1363. p. common mortgage bonds dated April 1, exhaust $10,137.98 in the sinking > stock common 1,874^500 1 possible losses due to future decline in market prices of merchandise inventories, 31, . first to an within 956,797 ; on ' for _ : 157, The 20. was Co.—Tenders— The Fidelity-Philadelphia: Trust Co., trustee, Philadelphia, Pa., will, until 12 o'clock Noon bids .. Balance the April share per 3398. paid Total income The Kanawha ______ deductions- etc., Net was holders of 20 regular this issue share per 011 be 1952— '"Common 356,532 Int., 1460. p. Co., to Minority Corp. of Philadelphia—Special Dividend— special dividend of 22 i A last 157, balances, $1,078,676 Gividends applic. to pfd. stock for the period- to of $1,166,000 payable & Earned purchase an additional $500,000 of these bonds within the same period. Up to last Dec. 31 the corporation had purchased an aggregate credit sDcbentures held Net in order to purchase $276,500 collateral trust bonds, from its subsidiary, Dominion Gas & Electric Co. Commission also granted the corporation's request for authority 31, Macy ' series, The 478,387 773J89 _______ long-term debt to Dividends 1943—12 Mos.—1942 — — source taxes with¬ Reserve for $772,305 $10,675,516 $10,372,347 439,810 5,482,427 5,665.293 — expenses taxes Prop.'retir. and 1943—Month—1942 $940,241 revenues—__ Operating Federal of year Louisiana Power & Light Co.—Earnings— y 211,817 912,119 liabilities-— Mortgages payable, due after one year to 1959 596,375 Mortgage payable, due Feb. 1, 1943—326,000 Dividend Permitted on Preferred by SEC— • 924 842 '766 408 157'405 593*540 214 337 accrued Miscellaneous 1 145 593 557*576 I income______ 2 870 000 355,495 on 6 580 000 731 023 taxes 916I599 accrued at $5,335,552 1,131,865 collected from customers and held $3,016,937 —_— commissions salaries accrued Miscellaneous Taxes 1560. p. taxes Port, _ oper. Federal Interest 1942 railway—— railway 157, vacation Other $1,054,004 from from Net Dominion the of 1943 railway-— railway oper. ry. Gross make its time same issue increased been From Jan. 1— . "merger of International and Dominion would permit the termi¬ a nation of original an $1,584,930 from from Net of $3,946,500 Commission of directors has of Ry.—Earnings- * state¬ should it board the Accrued in existence. that shares 2,666 1651 __— of membership eight to nine through the election of John D. McGinn.—V. the . went why it should be reasons existence in in taxes companies." Commission The ments and expenses leave outstanding. The "The security holders of International ■are therefore two steps removed from the revenue-producing properties of the system, and each of these steps involved the deduction from in¬ come This Will dividends. hi a which SEC the THE COMMERCIAL & FINANCIAL CHRONICLE Number 4173 157 ry. —V. oper, 157, p. *rt»v LSM^fi^r ♦ 9fUM" THE COMMERCIAL & FINANCIAL CHRONICLE 1652 Operating Operating revenues Income 4,729,160 157, —V. 1272; p. Dec. TO, 1,837,189 1,092,791 744,399 2,753,456 982,759 1,770,697 362,005 420,111 ' 497,957 chgs. fxd; after 782,116 817,283 319,327 charges Income : *.<- - "-iV;-',"'v.-,\/ Operating expenses Federal /'/, Other Prop, value. Sewell L! Avery, Chairman of the board, explained that jthe newly authorized stock will be identical with the common stock now outstanding. If new common stock is issued, the holders of the common stock already issued will have the exclusive right to subscribe for the new stock in proportion to their existing holdings. ^ Mr. Avery further stated that "the company has no immediate need of additional capital, and this proposal to increase the number of authorized common shares is made without any present plan for the sale of the stock. The proposal is made in order to place the par in company arise result added Vice President board of directors. the to elected.—V. 1463. 157,' p. ; V;;"',. I from Gross Net Net, ry. 4 Gross from Net ry. —V. $195,373 86,744 63,147 54,872 74,3u7 Net '. 514,409 $375,363 $4,577,394 199,348 191,990 2,288,901 2U« 229 185,114 135,548 190,796 ry. from ry. K 97,271 94,540 dividend of 25 cents per share on the Net 876,834 260,977 483,947 844,873 262,571 The from rev. 1943—Month—1942. 308,219 ; 1943—3 Mos.—1942 $ 23 to holders cents per of April 29, 1941, share was made April 28 on the April 15. This compares with Net record 123,982 27,890,865 353,867 ' 9.244,576 3,854,094 6,837,897 27,536,998 11,435,579 11,730,722 5,390,482 ' 2,933,507 16,101,419 Nashville, Chattanooga & St. Louis Ry.—$1 Div.— —V. dividend of $1 per share on the com¬ mon stock, payable June l to holders of record May 12. This com¬ pares with $3 paid on Dec. 1, last, and $1 each on Feb. 26 and Dec. 30, 4,367,883 10,038,920 2,631,784 16,943,720 3,450,084 distribution V. 1941.—V. 157, p. Federal V , cess Other has been declared on the no par stock, payable May 14 to holders of record May 1. This with 75 cents per share paid on March 2, last, and on May 14, Aug, 14 and Nov, 13, 1942,—V. 156, p. 433. . dividend of 37 Vs A Distribution— Mills—Smaller Nashawena cents per share compares March 3, Net 15.1% .—V, • National Cylinder Gas Co.—20-Cent Dividend— ex- of 20 cents per share has been declared on the $1 par stock, payable June 10 to holders of record May. 12. A sim¬ dividend A common —V. . ilar distribution was made on March 24, last, and on March 23, June 23, Sept! 25 and Dec. 22, 1942.—V. 156, p. 1868. National Linen Service Corp.—Common Dividends— . directors An extra of 25 cents was paid on Jan. 2, respectively. annual —V. last. distributions of $1 each were made on June 1 and Dec. loss p. 'V!.'.!>>!:'•; 2,603,100 \*■- 900,000 : ' ■ ■ 287,669 1,447,575 1,061,133 ! ' V , ; 8,333 v 1,430,100 6,041,100 ' 969,158 3,444,833 Net Semi¬ V.;' (Del.)- -Weekly Output- week corresponding 845,870 3,674,433 last year, 154, p. ihcre use an of 1056. 2,282,639: 2,512,100 25,000 Gross ;!' / 25,000 Net 891,462 — T ' ■ 1,052,800 2,257,639 ypA ♦301 ' ,'J 69,357 145,220 13,843 1L909 % 69,617 > / *66j734 1274!' .'1;.?'!*.:"• ><''• *3,506 ' f-• p. *7,089 377,776 256,031 200,473 . ' Oklahoma Natural Gas Operating Hartford RR.—Interest Pay¬ See lien New York, New Haven & 6,071 ♦747 ;;r " 2,487,100 Omnibus Corp.—Bonds Calledprior 29,705 $25,614 5,314 . '"■!' 61,134 Net ry; oper. income—- Mar, 31— 12 Mos. End. of $86,000 1940 $22,124 59,725 18,675 V ; railway—-from railway—— 157, .1941 $103,607 71,032 / from ■ .'•/'•1942 $126,051 ry, oper. income... From Jan. 1— / ' ; . . 8,333 :!1943 . Net * , ' railway— railway ;/v♦Deficit.—V. 1, 1942. 156, p. 1610. given.-— 1562. from from Gross of total the for 157, p. March— ■!''•■• . 1273. 157, order * Gross bonds, series A, due July 1, 1958, issued by the New York Railways Corp. and assumed by the New York City Omnibus Corp., have been called for redemption as of July 1, 1943, at 105 and interest,. Payment will be made out of sinking fund moneys at the Central Hanover Bank & Trust Co., trustees, 70 Broadway, N. Y. City.—V. 157, p. 819. have, declared two dividends of 25 cents each on the no par value common stock represented by voting trust certificates, payable May 10 and July 1 to holders of record May 1 and June 21, The and to. New York City A • transferable profit ;• States Power Co. the Oklahoma City-Ada-Atoka Ry.—Earnings— ,• $6,892,702 $24,886,764 $17,955,630 $9,190,651 taxes_--/ ' approp. Balance the security holders in /J;v to Northwestern Wisconsin Electric Co.—New Control- 1943—3 Mos.—1942 1943—Month—1942 funds & other of incomei---' Sinking kwh. 954,000 y railway taxes— 330,563 operating income— 1,288,902 income —899,795 Net value common assets Chicago & St. Louis RR ,—Earnings— and income profits Proposed assets Its for Bee American Utilities Service Corp.—V, ——!— revenues plan Electric output of the Northern States Power Co. system for tte4 week April 24, 1943, totaled 37.924,000 kwh., as compared with 32,- 157, p. Gross of 154, p. 1267. Northern ; Period End. Mar. 31— " 1273. consolidated a ended The directors have declared a New York, with SEC and inc. profits taxes1562. > excess • fxd. ■ . ' v' . 476. 16,098,605 3,904,390 157, p. of about $8,500,000, filed disposition of interets in all subsidiary corporations and its subsequent dissolution under the Public Utility Holding Company Act, • ^ ■ The company controls 16 subsidiaries in Colorado, New Mexico, Minnesota, Montana, Ontario, Cap,, Wyoming, Illinois, Arizona and Delaware, and Ontario and Alberta, Can. Its capitalization consists of $3,417,500 of bonds, 43,821 shares of $7 non-cumulative convertible preferred stock and 166,752 shares of no par common stock, on which no dividend ever has been paid. The company contemplates the} 16,495,136 396,531 6,961,879 „—— Fed. ♦Includes stock, similar A North Continent Utilities Corp.—Dissolution 12,325,606 4,169,530 1,474,084 110,980 • charges— income', aft. charges the previous payment. 23,194,154 4,696,711 5,487,795 inc. — fixed on common 15. The corporation, April 20 with the 13,428,847 3,608,521 1,628,483 income charges V. 29,362,974 3,688,283 7,727,073; — Income avail, for fxd. Total 55,140,964 28,258,527 9,355,556 —^ Miscell. deducts, fr. Mutual a Income Foundation—23-Cent Dividend— of rents Net ry. oper, incomeOther income Total April 28 declared a dividend of 50 cents per share par $1, payable June 1 to holders of record distribution was made on March 1. last, and in each quarter during 1942. A year-end payment of 50 cents was also made on Dec. 29, 1942. ,%.•?.«V!1 The directors also declared the regular quarterly dividend of $1.25 per share on the $5 cumulative convertible preferred stock, no par value, payable Aug. 2 to holders of record July 15, A similar distribu¬ tion was made on this issue on May 1 to holders of record April 15.—» May 44,362,011 163,034,635 121,990,496 18,433,073 12,282,604 4,204,263 27,192,475 26,331,840 9,146,660 1,783,132 611,647 .'i. 1,876,522 54,791,250 47,279,690 16,011,342 5,600,351 4,950,256 1,640,306 22,824,834', 12,747,793 13,868,213 5,974,119 1,229,548 1,285,879 accruals-* tax 1611, p. ■ opers._ Equip. & jt. facil. directors the on 291,925 - Omnibus Corp., above.—V. 156, Newport News Shipbuilding & Dry Dock Co.—Divs.— ;•>.!; RR.—Earnings- revs.—— ♦Railway Fifield, Secretary, April 22, said in part: ■':Y *;,/%/';%"* of increased volume of business, improved efficiency or any other reason, profits in excess of the base allowance are earned, then, such profits are subject to price renegotiation and/or 90% excess profits tax. For each $1 paid to stockholders in dividends' in 1942, the company has paid or must pay $2.68 to Government. According to now existing regulations, $22,804, equivalent to approx¬ imately $0.11 per share, will.be returned to the company as a post¬ war refund credit. It is not expected that this fund will be available for dividendS^V. 157, p. 900. because on the resultant improvement See New York City 78,147 343,521 - Co.—Post-war Refund Credit - 717,227 Central York "If, shares off of the note debt, he stressed, is a major need of before company 70,562 702,085 income George A. distribution the company has disposed, New York Railways Corp.—Bonds Called- 1,496,418 60,483,851 Maint. of way & struct. 6,775,781 Maint, of equipment— 9,466,473 Traffic ^ 606,613 Transportation—rail 1. 18,878,623 Other expenses / 1,931,527 r cents, paid :; it will be sound to. consider dividends. He also on the financial structure from point of view of shareholders. '4r:'-,-.Earnings for the first quarter, according to Mr. Tilley, ran above those for the corresponding period of last year, vvy .Manufacturing buildings of the company, as at the end of 1942, were 99.2% occupied, Mr. Tilley reported, with ail piers of the com¬ pany actively, working.—y. 157, p. 1273. % .-V';1' 1940 356,706 — A ' ! President, told shareholders at the annual meeting-* April 27 that both he and the board believe no. consideration; emphasized aL273>.^.^ operating Ry. $10 par common stock, payable June 15 to holders of record May 15. the company paid semi-annual dividends of 30 cents per share on this issue.—V. 146, p. 3510. ,;"\44yy4yy.' 'V': 27 accrued Tilley, This paying the $219,310 '■')■ '*.'• railway oper. 1941 2,156,182 1,352,255 ' railway.... 157, p. New Previously, beneficial •, taxes estate also the course of the next few days the company win reacquire an addi¬ tional $359,000 of these notes so there will then be outstanding $1,734,- .$1,724,250 $ Muskegon Piston Ring real pointed out the 1942 report revealed outstanding 5% convertible notes at $2,093,750, and added that since that time, the company had invited tenders for additional notes. Mr. Tilley stated that in 544,586 $250,713 449,684 162,919 , Period End. Mar. 31— a unpaid properties; He $2,268,836 544,536 ~ 1942 $576,671 $740,360 • income—- oper. from Net —v. $66,781 1943 - - ; From Jan. 1— .188,861 The .directors have declared on |#;?5 Net Mountain Producers Corp.—Dividend Decreased— : - and should be given to dividend payments! until of its! note debt. ' V /•; ■'>: v.' Orleans Texas & Mexico Ry.—Earnings— from railway from railway Gross $2,288,493 $1,743,907 $176,015 stock for the period— 1363. p. 15 U3--0 income.,. 1272. held $4,618,597 2,349,761 deducts— - 157, New 454,703 150.924 L. .3,549 $258,771 income Net 530,134 p. 13,932 Balance —V. 49,339 274,669 Vi .' D. $4,615,048 1,410 (net) Dividefids applies. to pfd . 699,405 oper. 157, 3,630,430 $4,563,462 accrued Providence & the 41,751 railway 252,300 $258,855 • Dr84 Hartford & Connecticut and Boston & Provi* RR„ <•;;%^ 750. $143,419 73,634 railway..I... from Net $204,794 income.., oper. From Jan. 1— 294,500 $373,953 234,858 ■ > 10,953,606 3,099,302 2,977,410 :■ Colony Old the leases. ...New York Dock Co.—No Dividends Now— •: approp, Net 101,884 140,853 Corp. on Old Colony & and unpaid charges against said properties for Boston. Terminal Co. taxes and bond inter-' est.—V. 157, p. 1273.; 1:' Boston Wy , revenues... Interest, etc. 1940 V.' 1941 1942 ;. 792,512 income ■ $251,600 railway.... railways—i._\ from : 1,011,736. . Gross 1943 V ; covering RR., Providence, Warren & Bristol RR., RR. JIncludes ! cents; 50 1943—12 Mos.-^1942 392,648 res. March— " •''. 10, $1,679,378 $25,224,210 $22,524,237 $2,325,342 .......252,507 retir. Gross Montour RR.—EarningsMarch— 1 157, p. 1183. 1943—Month—1942 31— _ Other income vV' and Operating Manager, has been The retiring 12 directors were re¬ Prall, Sept. $1; dence 10,029,547 2,156,572 2,867,591 2,855,479 taxes taxes Net oper. for capital that may to meet new demands of further growth,"'^: position a a R. as Bert 10, June 19, 25 cents.—V. revenues on common cents; 50 10, $1, and Dec. Operating April 23 approved a proposal to increase the stock from 6,000,000 shares to 10,000,000 shares, stockholders The authorized no March period End. March —New Director— Western New Orleans Public Service Inc.—Earnings- Montgomery Ward & Co., Inc.- -Stock Increase Voted , follows: Included . .A dividend of $1 per share has been as charges Fixed $3,855,029 $19,507,628 $10,608,165 2,566,307 13,077,234 7,421,355 56,903,7 17 -v- expenses avail, for fxd. , i Monday, May 3, 1943 are Zinc Co.—To Pay $1 Dividend— New Jersey declared on the common stock, par $25, payable June 10 to holders of record May 20. This compares with 50 cents paid on March 10, last. Distributions during 1942 were 1943—3 Mos.—1942 1943—Month—1942 Period End.Mar. 31—" i RR.—Earnings- Missouri-Kansas-Texas ■ww Co.—Earnings— > , , .1943 after retire, res. ! $10,625,212 3,166,156 3.638,138 $2,319,335 income $2,760,950 accruals-^..— Net' income : ♦Earnings '1942 $12,193,221 revenues. per share, common *550,000 shares S3,14 outstanding.- -V. 157, p. 1464, $3.94. ■ Old Colony Insurance Co.- -New PresidentInsurance Boston Co. above.- -V. 156, p. 2137. > ments— National : Power Light & asked 27 common its Federal for ■ . for stock a of of Houston that Lighting and Co., Power the remainder consolidated of Issues company Haven Tim . sale of this stock Power as a step in the liquidation program of National and !. June, 1943— —$14,181,000 , %-%%r:'Dec.,''1942^>-^-/--^--.-—*173,000..,:. :^r/:;.v,'-June, 1942-^/^/-/--^^^—^-^-^--^-^:/--^ 13,646,000 .Houston and Share National Tea (: Co.—Earnings— 12 Weeks Ended— , profit$143,986'.: tEarriings„ per share.-. $0.20 Total; , the ooo.ooo.- $16,846'; $0.12 . $152,761 , *— —tX—- J—— interest is — cash will still paid ' 15,000,000 4,600,000 March interest, depreciation and Federal taxes. tOn common stock. Note—Federal income tax amopnted to $115,000 in 1943 and $100,000 3942.—V, 157, p. '1463.;. ..j, •. , , For ithe week ended Association— Output— : ^ • April 23,:'this Association reports electric out¬ increase of 883,545 kwh., or 8.18/r. 10,798,206 -kwh. for the corresponding week a ' put of: 11.681,751 kwh. ^This is 4h above' production year-- ago, 4 - , • ■ of ** : ■ . . Ry. jVew England Power Association—Output Up .9,37%— . For the preceding week pulput was 59,985,33€Lkwh., a gain of. 8.57^" oyer the corresponding week last year.—V. 157, p. 1562., . . $6,090,517 declared amount 1, have while 1940, a dividend 'of $1.25 share per on the $5 cumulative preference stock, no to holders of record May 15. Distributions been made each quarter since and including on Dec. 1, 1939, a dividend of $1 was paid! on 1 1943, amounted to $7.75 per share.—V. 157, ';.y.; v' ' v.-- Penick & Co., New York—Debentures Placed Privately—The Company has placed- privately with the Equitable Life Assurance Society of the United States issue of $1,500,000 3%% debentures dated Feb. 1, 1943 1, 1958, Proceeds will be used for corporate •. \' Company with offices at 50 Church St., N. Y; City, is known as the largest botanical drug house in the world.- $58,600,000.. purposes. total about $21,- Pennsylvania Glass Sand Corp,-—Bonds Called-rThere have been called for redemption as of June l, 1943, a total of $100,000-of first mortgage 3'/a%-sinking fund, bonds due June 1, 1960, at 103-and interest; Payment will be made at' any of the following offices 6,323,067 Brown Pa.r Brothers 59 Wall St., Boston, Masa.—V, 157, $4,280,214 $16,535,097 $10,446,267 1,126,000 of delphia, , . tax, accruals—2,110,235 . $3,980,282 ♦Net ry. oper. income Inc.-avail, for fix. .chgs." increase of Total-production -in kilowatt-hours, both generatedHand purchased/ of New England Power Association and subsidiaries for the week ended. April. 24, 1943 ithe amount t.available ,for. .New England. Power. Associatioin and other reporting companies and secondary sales to Other utilities! was 59,637,533* as compared with-54.529,416 kwh. for* the, week ended April 25, 1942. an increase of 9.37 fh ry. oper._' , common 1943—3 Mos.—1942 1943—Month—1942 Ry. oper;: income_— Equipt.; rents net Dr/_jt. facil'.- rent net Or—* Gas output r rev. the :^ 3,026,000 Harriman & New: York, N. Co., 1531 "Walnut St., Phila¬ Y;, or. 10 Post Office Square, p*. 820.1 r , r Pennsylvania :RR.—Earnings of. Regional System— * (Excludes Long Island RR! and B. & 'E! RR.}' , for the April -23 week ly reported-at 129,150;000. eu. ft., 21,692,000 cii. ft., or 20.19% above production4of* 107,-' 458,000 cu, ft. in the corresponding week a year ago.—V. 157, p. 1561. ; an Net on and due Feb. $15,153,739 $11,516,954 $41,808,346 $31,464,142 1,485,727 1,059,115. 4,296,659 3,096,766 2,117,155 1,627,581 5,607,513 4,736,005 Traffic —4 119,380 126,970 381,745 356,543 Transp.—Rail line—4,702,861 3,839,426 13,196,539 11,289,946 MisceU. operations 288,833 232,516. 831,717 679,200 General, expenses' 349^266 351,132 .959,076 859,415. . share has been declared ^ Earnings for March and Year io Date _ have accumulations (S. B.) : —- ilectric New-England Gas & • of 557. p. Ry. operating revenues Maint. of way & struct. Maint. of equipment— $0.25 per Arrearages as at March 1, an .... directors value, payable June like of ■ - -. ' present Period End. Mar. 31— ♦After in 1940..— After " .-.$81,795 $0.10 1941_!!._—1—-i——' Dec., ? Mat 27,'43 Mar. 28/42 Mar,.22/*41 Mar. 23,'40 *Net par . Dec., ., . The account . Light Co. : ■ %'•/• /!;■ Lighting and Power Co. has been a member of the Electric system for over 20 years. Its principal office is in Houston, Texas, and it serves a diversified area in that section of the State, including Galveston and other communities. Dividends on its ho-par common stock have, been paid for over 20 years, and at the rate of $3.60 per share annually for the last 12 years.—V. 157, l>. 1463. V 7.:'.'/ .y ■« bond cents Oxford Paper Co.—Accumulated Dividend— 6s of 1948; non-convertible debenture 4s of 1947; nondebenture 3*6s of 1947; non-convertible debenture 3'As of non-convertible debenture 4s of 1955; non-convertible deben¬ ture 4s of 1956; Consolidated Railway non-convertible debenture 4s of 1954, 1955 and 1956; New York, New Haven & Hartford secured 6s of 1940; first and refunding 4s and 6s, and the first and refunding 4l/2V series of 1927," due in 1967. Assuming that the interest is disbursed by mid-year, the New Haven will have made the following payments over the past 2V2 years; "• -V.v'v ■ ■'* 1954; Securities the Hartford convertible request for bids on the Houston stock results from an order of and Exchange Commission of April 26, 1943, approving the railway bonds secured by the same mortgage. payments are asked include the New York, New convertible debenture 3¥2s of 1956; convertible which on & of 50 stock, par $5, payable May 20 to holders of record May 6. A similar distribution was made on Feb. 20, last, and o;v Feb. 20, May 20 and Aug. 20, 1942, while on Nov. 20, a year-end dividend of 75 cents was paid.—v. 157,. p. 557. .v.Cv'• v::i payments cover three semi-annual coupons on 15 refunding mortgage bonds and--debenture and and debenture « share and accumulated dividends, first A dividend » '' proposed of issues and about one half of the total out¬ standing issue of 500,000 shares. An exchange offer made previously Jby National during 1942 to its own preferred stockholders resulted in the disposal of 257,336 shares of the Houston stock. National proposes,, to use the cash from the sale of the Houston shares toward the retirement of $15,000,000 of its own preferred stock now in the hands of the public. Retirement will be made at $100 holdings per Judge Carroll C. Hincks on April 28 approved the petition payments aggregating $14,181,000 filed by trustees of the interest The part of Electric Bond and Share's system, on April bids to be opened May 10, 1943, on 242,664 shares of company, Outboard Marine & Mfg. Co.—50-Cent Dividend— • Power Co. Common & road. Stock— The Co.—Requests Bids for Its Lighting Holdings of Houston $2,691,543* 3,113-.848 $2,011,236 tNet . after charges-—.• *The leases of the 480,682 $3,154,214 $10,212,030 417,043 1,074,622 $7,420,267 1,238,296 following July 1,392,734 $7,328,739 "2,455,368" 8,029,179 $1,347,502 $4,741,218 $4,789,237 5,316,850 $2,008,006 $2,263,345 companies were t ... Ry. Ry. ! , tEffective -as of these- dates. no charges for the stated leased rentals operating Net rev. revenues fr. jy. oper. Railway taxes Unemploy. insur. taxes. rejected on dates stated but net 19* 1938. 1943—Month—1942 1943—3 Mos.—1942 $ - $ $ $ '78,897,936 " 61,063,595 221,213,436 168,455,876 operating expenses. 57.161,592 45,385,300 162,551,748 128,910,628 , 1,808,669 473,826 railway operating income includes the results of oper¬ ations of these properties: Old Colony Ry. Co., June 2, 1936; Hartford: & Connecticut Western RR. CoH July 31, >1936; Providence,'Warren & Bristol RR. Co., February 11, 1937; Boston & Providence RR. Corp.,* belowj Period End. Mar. 31—- * 608,057 • Railroad retire, Jt. facil. rents—Dr bal._ Net ry. oper.1 income. —V. 157, P; 21,736,344 12,015,000 964,869 1274; 4 .. , 574,868- 242,769 6,891,658, 58,661,688' 39,545,248 15,678,295 8,289,780 • 820,950 1,047,180 taxes.. Equipt. rents—Dr. bah 'y . 30,901,400 • 21,321,070 2,777,515 2,349.222 820,950 . 3,011,062 '782^037- .2,371,154 231,777" 714,367 661,014 18,886,190 10,368,395 4,732,741 2,353,682 * - 2,491,865 Volume Pere Marquette Period Ry.—Earnings— $4,718,925 & profits1 taxes excess Other railway Net . taxes— operating Net ■ income —V. income-- 1563. 157, P. "716,624 208,702 659,892 " 448,980 \ , 98,461 197,007 188,753 1,656,785 614,520 1,827,973 1,237,421 394,455 .144,298 in approving the solicitation of bids, imposed three one that so long as any of the company's longoutstanding it could declare no dividends, other than dividends payable in shares of its common stock, unless since Jan. 1, 1943, it had charged about $2,700,000 against income each year as a provision for depreciation. Proposals will be received by the company at its office, Room 1534, Field Building, 135 South LaSalle St., Chicago, up to 12:00 o'clock noon, Central War Time, May 10, 1943.—V. 157, p. 1466. ; term $9, 373,612 $3,302,649 $13,056,381 584,018 998,317 335,226 Pfizer & Co., Inc.—Earnings— (Chas.) ' V.%' ; 1943 1942 .$3,140,582 Operating revenues .. Operating expenses. munic. taxes 336,401 Earnings per comrpop share_"2—2—$0,69 $0.67 —v.; 157, p. 1186. 2-,' ... State and Soc. Sec. tax. Fed. I1;• of Bonds— Phelps Dodge Corp.—Redemption Non-oper. redemption on June 15, 1943, at 103 and accrued interest, in the sinking fund, $1,165,000 principal amount of Phelps Dodge Corp. convertible VkxU debentures, due 1952. Pay¬ ment will be made on and after June 15 at the office of J. P. Morgan & Co. Incorporated, 23 Wall St., New York, N. Y. - ,*■,, Drawn debentures may be converted en or before June 15, 1943, into lot by • 4,348,729 $7,744,656 3,784,761 73,563 75,779 885,526 905,733 5,050 5,292 54,012 58,456 14,124 149,035 151,332 $304,588 $2,844,517 $2,844,374 6,254 14,839 13,240 . ; $263,300 incpme 685 income this corporation.—V, 157, 1089. p. ' ' ' . Gross directors The declared have dividend a of 50 cents Fed. v /%■' 364 $262,615 : 70,317 71,252 79,480 34,200 prof, tax— $2,829,535 818,214 518,720 55,000 income Net $2,838,263 $304,224 income excess 833,849 554,480 • ' 186,000 ■ . , $103,098 dividend —V. — $153,492 $1,315,329 ;; A. 11,712 21,715 *40,948 *20,207 393,810 299,796 551,715 $117,019 19,231. 55,816 669,797 *11,832 - 329,140 134,894 , 22,125 13,490 36,020 *9,310 *103,555 *78,964 *60,277 oper. ■ < dividend of 25 cents per share has been declared on the $5 pax* stock, payable May 13 to holders of record May 3. A similar distribution was made on March 10, last. Payments during 1942 were as follows: March 2 and May 21, 50 cents each; Aug. 20 and Nov. 20, 25 cents each; and Dec. 21, a year-end of 25 cents.—V. 157, common 558. p. / Scranton Laee *A dividend of 50 stock, payable Co.—50-Cent Dividend— cents June holders to of '/ ; share has been declared per 14 the on common record May 20. A similar distribution was made on March 15, last, while during 1942 the fol¬ lowing dividends were paid: March 31 aijid June 30, 25 cents each; Sept. 30, 50 cents; and Dec, 14, $1.—V. 157, p. 822, $1,441,206 55,816 669,797 require.-' 1940 2,812 Security Title Building, Inc.—Accrued Dividend— dividend of $1 A 157, p. 1564. share has been declared per account of on accumu¬ lations share per ——7 income Deductions Fed. Pref. Pillsbury Flour Mills Co.—Larger Distribution ry. 1941 $108,123 70,286 railway railway from Net 1942 $132,140 from Net • moneys capital stock of - Gross RR.—Earnings $216,150 Savage Arms Corp.—25-Cent Distribution— $8,281,819 335,812 & St. railway.-— railway. from Gulf 1943 • from Net ry. oper. income From Jan. 1— 1943—12 Mos.—1942 $735,595 399,028 for of out Uvalde & , income— "Deficit.—-V. 157, p. 1276. $754,181 tax; Net oper. Co. Incorporated, as sinking fund agent, has drawn Morgan & P. J. Net Federal, taxes oth. than ;r:,1 income 7. Gross Hampshire—Earnings— 1943—Month—1942 :lf:V ——C—'-Ur—$4,616,861 earnings -—345,343 Net Service Co. of New Period End. Jan. 31— .. Quarters Ended March 31--* Sales March— was Public ' San Antonio including debt \yyy: ■ 1653 The Commission, conditions, 1943—3 Mos.- -1942 income Canada & S. , ' - 1943—Month—1942 End, Mar. 31— Gross U. THE COMMERCIAL & FINANCIAL CHRONICLE "Number 4173 157 on capital stock, payable May 28 to holders of record May 12. This with 25 cents per share paid in preceding quarters. In the company on May 29, last year, disbursed an extra dividend of 25 cents.—V. 156, p. 1243. v; \: Plan Gets SEC compares Power Sound Puget the Light & Co. Recapitalization — Approval— on the $7 participating preferred stock, no par value,'payable May 10 to holders of record April 30. This compares with $1.50 paid on Dec. 10, last, and Si on June 22, 1942. Arrearages as at Jan. 1* 1943, amounted to $56.26 per share.—V. 155, p. 2189. addition, Pittsburgh & Lake Erie RR.—Earnings— 1943—Month—1942 Period End. Mar. 31— • Ry. operating revs.—,. $3,174,104 Ry. operating exps.—- 2,102,080 Net rev. fr. ry. opers. 937,999 Cr485,973 Net $619,998 inc.— oper. ry. Other income -• The $7,239,205 5,822,581 $1,660,551 $525,443 16,757 11,826 ,. ' $8,630,029 6,071,000 $1,218,237 43,842 58,623 • Total $636,755;.: income fr. inc. $537,269 $1,719,174 605,866 plan 396,748 $359,089 $1,113,308 fixed charges 10,437 and consummation upon company, the be turned will company S. Exchange amended, as Commission the parent by filed was with the Engin¬ company, Public will, Service. as, the w , • • make next ...step, - application to a fair and equitable District. Court 10,207 T-he appropriate Utility A Payments in and 1 income" aft. fxd." charges / completed and the present preferred stockholders become the owners the company, an improved public sentiment in the area served should result. The public power zealots in the State of Washington and inc. , will longer be able, to put forth blistering tirades in appeals to prejudice against "so-called" Wall Street domination by an Eastern holding company. They will thus be deprived of the use •of their favored weapon of attack and possibly in the future, instead of name calling and dodging facts, they will have to face the power question strictly on its*merits, otherwise they will be throwing bricks $394,163 $886,797 $1,862,336 , Pittsburg & Sbawmut RR.—Earnings- at ' :^y''Afl March— Gross from Net from Net ry. f l942 1943 railway—— $124,314 railway--—— yy, income— oper. " 1941 ';■% $86,757 47,226 27,872 . Mr. of 14,939 29,788 25,639 37,696 255,036 251,795 83,369 75,391 215,128 46,842 72,220 46,320 ::14,289 ' 28,756 from Net from Net ry. *~V. railway----";" 316,040 railway oper. 157, p. • .105,430 ^ income—1186.. 64,583 the accumulations payable 1 June made was 5Vz% holders of to this on issue dividend a the on record March on 1, of $4.12 Va May 18. last, and share on per first series prior similar A Sept. on ac¬ distribution Dec. 1, 1 and $11 compared share.—V. per 157, p. 1972 Net ry. $326,727 252,184 149,436 190,705 108,674 1 ■ Net from 1940 Net ry. 163,077 83,374 1,201,371 1,064,663 693,710 436.040 351,196 —V. 157, will 416,632 382,313 379,406 303,326 20 Southern The the and cumulative account on declared have directors $1.50 of dividend a participating accumulations, payable of 31V* class June A cents stock, par holders to 1 share on value, per no each of share was paid on Dec. 1, last year. Arrearages as at March 1943, amount to $1.25 per share, it was stated.—V. 157, p. 478. Rico. Telephone Co.—Sells Bonds Net proceeds will be utilised in part to repay existing bank loans of $1,000,000 and for other corporate purposes. • the of under which board a the of of plan, $6 approved new stock, holders preferred $6 and the of to further a the Following companay. Puerto Governmental this, the stock common prior in of the p. Legislature Other Government been 347. than referred taken to must the acquisition date to in the Maint. Gamble & Co. tax ry. -V. the the one existing for the will stock¬ be will company in the share 9 Months Ended March 31— "Consolidated Earnings net common per : 1943 \ earnings— 1942 stock . will of new will stock common 157, ___ $2.32 - of held, Note—All figures exclude earnings of Procter & Defense Corp. and the earnings of the English and Canadian companies, except as they have been made available in United States funds.—V. 157, p. 1089. Public Service Co. of Indiana, Company to Call For Bids tion on on Inc. — SEC Permits ry. company was to of authorized solicit receive shares 8 p. (par $10) for each first mortgage bonds, series E, 3iU'/n, due on May 1, 1973. The company, which must submit the bids to the Commission for final approval, would use the proceeds of the proposed sale to re¬ fund a like amount of first mortgage bonds, series A, 4%, maturing on Sept. 1, 1969. $38,000,000 & struct. -7,108,007 way : 1942 $ ' $ 34,354,531 137,703,237 93,432,300 3,206,487 14,594,582 5,649,678 20,008,939 9,328,812 14,488,246 .J: 655,304 1,595,776 30,655,462 1,601,261 912,613 3,045,802 2,682,707 opers. 22,150,297 12,524,869 58,163,772 32;980.035 Ry. tax accruals...^.^ 10,667,942 5,183,479 27,283,061 11,629,108 1,816,920 1,542,284 5,232,944 130,654 103,510 245,927' 9,534,782 5,685,596 General Net expenses Equipment rents (netiC facil. rents (net)^ Joint Net ry. oper. incpme*. -V. 157, p. 1469, ^ " 'V;' earnings —V. 157, p. 1566. mission The of "t; under the 15,162,060 $3,028,068 $9,830,300 $6,973,118 1,125,519 4,152,812 West Service Co. Net $5,677,488 $4,222,098 233,637 456,668 480,409 (1) 35,547 23,037 99,004 income. $2,242,576 $1,645,875 $5,121,816 oper. 74,817 v Potomac RR. Earnings Oklahoma to West 1942 1941 $2,077,059 $1,278,887 1,795,297 1,105,062 557,369 472,451 460,023 9,018,313 5,390,408 3,388,235 5,424,623 2,679,542 1,321,644 stock in 1,085,345 647,010 360,590 1940 $942,854 :$>■ 300,997 296,466 133,947 first and collateral and interest to July 1, 1943.—V. trust 156, St. Louis Brownsville & Mexico Ry.March— ; > railway Net from railway.. Net 1943 from ry. oper. 1942 $1,453,054 885,438 • income... 97,459 $1,195,886 : : 585,364 shares from railway Net from railway....... Net ry. oper. income v —V. 157, p. 1276. purchase-money p. 348. -Earnings— 1941 1940 $777,400 $740,560 341,249 285,777 .414,133 239,955 197,416 3,278,131 2,241,537 2,289,265 2,724,069 1,567,681 974,995 954,520 869,700 1,108,509 683,279 676,246 ' ' ' Parties to the reorganization plan for the road will be heard by Judge Moore in St. Louis on May 31. The reorganization initially in the hands of Judge Charles B. Davis who died re¬ cently. It has since been turned over to Judge Moore. The prelimi¬ nary hearing of respective parties was held last week following which Federal was Judge Moc"f 1366. «et the Mav 31' date American parent, of puron=e therewith, offering the and to Southwe6tern's various Oklahoma convey capital 11,167 in stock said stock shares to of on of offer share a ($100 sHare^ 11,167 par) common of Southwestern's Middle Wes't,' and Middle, West Oklahoma ih pursuance of such by ■. shares 15,000 of basis, for share for Southwestern's $6 preferred Its 5% preferred shares 15,000 stock of owned to to purchase issue and sell to Middle West and Middle shares 2,500 of Oklahoma's $100 of said for by for reargument of the case.—V. 157, , • 5% par the public pursuant to the offer referred to above. at stock Oklahoma (5) plus par in accrued of excess proposes to and issue dividends, shares 2,500 the less as mav sell to American number oe of subscribed and American to acquire 10,000 shares of Oklahoma's $100 par 5% pre¬ stock, at par, plus accrued dividends, less tlie number of shares of said stock in excess of 5,000 shares as may be subscribed for by the public pursuant to the offer referred to above.''" r ferred Oklahoma proposes to advance to Southwestern without interest, price the to (a) per $100 per per now as are referred depositary following or on open $100 per share number of of account, the liqui¬ 24,411 shares not acquired by Oklahoma above to liquidation to amounts the Southwestern and the agent certain of moneys stock¬ its plus of its accrued $6 dividends preferred stock to as the are holders not of share A public offering; plus accrued dividends such by acquired common share to the stock not holders now of to owned 148 the holders of .393 and by Oklahoma; shares of its common owned by Oklahoma. Oklahoma proposes convey satisfaction and tion share its class $21 western a the offering pay such pursuant to the shares of in to shares of Oklahoma and to of v, $100 (b) respect preferred stock public pay sufficient in $6 pay to necessary holders: sum a payable to (7) 4,457,968 "' , by Servicee follows: stock, to acquire, and Southwestern proposes to to Oklahoma, in final liquidation of Southwestern the advance on open account, and in cancella¬ of extinguishment of all shares of capital stock of South¬ owned by Oklahoma, all utility assets and other asseets then (except only the moneys paid to the depositary or and to assume payment of all liabilities of South¬ the $6,648,000 of, Southwestern's first mortgage bonds, series A, 334%, due Dec. 1, 1969. (8) Oklahoma proposes to issue, under an Indenture dated .Feb. 1, 1941, heretofore executed by it to City National Bank and Trust Co. of Chicago and Arthur T. Leonard, as trustees, and to sell to under¬ writers $6,600,000 of its first mortgage bonds, series A, 3t4%, due Feb. 1, 1971, and to apply the proceeds thereof, together with requisite treasury funds, to the redemption at 105 V* and accrued interest of the $6,648,000 of Southwestern's outstanding first mortgage bonds Southwestern of liquidation agent)', western including above described. Texas proposes to acquire from American and American to sell to West Texas a maximum of 14,251 shares of no cumulative preferred stock of West Texas at a cash price of $70.17 per share. The number of said such shares to be actually acquired and sold will be such number (not to exceed 14,251) as will, at the sale price of $70.17 per share, provide American with the approximate amount of funds required by it to be paid for such number of shares of Oklahoma's 5% preferred stock as American will undertake to purchase. (10) Middle West proposes to sell to American, forthwith up6n acquisition and American proposes to purchase 1,488 shares of Okla¬ homa's $100 par common stock for an aggregate price of $148,800 (9) West proposes par p. issue owned Oklahoma proposes transfer and From January 1— Gross 1935 ai subsidiary . , proposes ((c) outstanding of Public preferred number 2,706,405 4% 50-year gold bonds, due July 1, 1952, have been called redemption as of July 1, 1943,* at 105 and interest, Payment made at any time before the redemption date at the Guaranty Trust Co.,1 trustee, .140 Broadway, New York, N. Y., and holders will 105 ' transfer exchange for proposes exchange, 24,411 West 842,454 1,101,632 * mortgage receive the For • ^ Oklahoma (3) in now acquire exchange. to proposes Middle to proposes 1943 income... Plan on Act Co., its as connection in to proposes preferred' stock proposes 1366. the and Co. dissolve. to proposes pursuant $3,129,426 income... . 1942 all assets of Southwestern, and Oklahoma proposes to acquire all-such assets., stock not of Power of all outstanding shares of by Oklahoma at date of liquidation, (6) $3,666,872 Richmond Light & RR. Co.—Bonds Called— All & summarized are liquidation dation railway^.. 157, p. Company subsidiaries, Light Utilities proposed Southwestern owned , , hearings May 11 on filed with the Com¬ proposes (net deb.) from ry. Texas ;> ■ v* ■ transactions Southwestern Holding Southwestern - hold indirect its >1943 ■ applications Utility and - Co.—Hearing will and or this principal transaction, and companies propose as follows: 2.751,020 $1,902,549 railway Net from railway —V. Public Corp. and r. Jan. 1 to April 21 $4,896,998 $98,260,987 $68,008,627 Power & declarations West Oklahoma; (4) $22,135,178 18,949,201 1,608,816 rail way. oper. Light consolidated to Oklahoma of 1942 .$6,235,889 has Middle Co. timet' '• 1943'* ; 1 v* Southwestern SEC ' Week Ended April 21 Gross The 280,158 25,401,slo ^16,902,833 • •• amendments 4,167,937 < Ry.—Earnings— Period— 1943—3 Mos.—1942 5,240,446 fr. ry. rev. by the public and to issue such of its stock subscribed for pursuant to such offer and to acquire such of Southwestern's stock delivered to it pursuant to such offer. ; Refunding Issue—Restric¬ 28 by the Securities and Exchange bids on the issuance and sale of ^ $ 1,857,604 the 1467. St. Louis Southwestern Ry.—Hearing on Plan Set— April competitive Transportation 1943—3 Mos, 3,145,604 (2) From Jan. 1— Gross Dividends- Commission $1,* 36,886,935 stock 1467,. from Net Gross Gamble last. 631,144 an $2,491,469 213,346 income (net debit) p. from $2.90 net excess profits tax of $1,593,000. of Month—1942 shares March—; *; ' ' Net tFor the nine months 31, 1943, provision has been made for Federal income tax $10,420,000 and 1, 29, 1,100,639 1,037,302 $6 $8,268,514 $28,779,501 $4,100,285 t$15,327,845 $19,052,613 share March 75 cents; May 157, p. 479. —Earnings 1943 Miscellaneous plus receive now , for each share of preferred stock held. stock (99.3% owned by Engin¬ 1943—Month—1942 accruals— oper. 157, Gross "After depreciation, Federal income taxes, etc. ended March 28, on 574,494 common stock.—V. common stock each share will be (& Subs.)—Earnings— Feb. 50,224,561 5,249,107 of Southwestern's no . per share on the of record May 15. made 10.865,245 company." McLaughlin, - preferred (par $10) existing Richmond Fredericksburg & connection - $1 holders 12,923,906 The for Procter Co. equipment... of Traffic Public Co.—Earnings— operating Net formal above, Pacific of to was cents.each.—V. 75 Transportation the present common of the Mr. to preference prior .preference from ry. oper. will be automati¬ franchise ten-year period. has the not to proceed with this, do Rican action this matter.—V. ,156, or follows: as revs of only of and stockholders the present ownership 91.2% stock, preferred company.to stock according existing of stock of old Jt. facil. rents in accordance with the terms of the concession Faifing property. further intention of the exercise the option to acquire the prop¬ 1944 whether extended for notification with the by Sept. 4, the cally of it operates. The concession provides for the appointment of appraisers to fix the valuation of the properties and business decide of company notice received company of Puerto Rico to Government of the 1942, erties preference present of the ^^yrr^^y,: , the receive rev. Railway The company in March, 1943, sold privately an issue of July the operating revenues $10,659,692 Ry. operating expenses. 6,559,407 Ry. $1,500,000 15-year first mortgage 4!/2% bonds to insur¬ ance companies in Canada and the United States. The oper. Maint. have maturing when amended* as ....... common of ■ present of..'equity the cash. shares of the investors bonds 1, Privately— were Nov. 30, •: amortization and its company's > of share Holders the effect, which it is anticipated will will give 5.9 % of the voting power prior the common only 3% under Vfc Equip, rents In authorization approval of the record per Porto the upon company, 1950. and into $5 of power new own having Ry. A 15. the saving in interest the company and summer, present Period End. Mar. 31— similar distribution was made on March i, last, and in quarter during 1942. In addition,, an additional dividend of $1.25 May of recapitalization, Further, way: > will 1949 holders the ReadingCo.—Accumulated Dividend— & dividend a payable May 31 per share cents Period End. Mar. 31- for recapitalization conditioned 1275. p. Poor the Holders new (3) in redistribution in eers) i securities year, carried voting of Holders (21 125,486 of income oper. the additional $2.50 per late to to stock. holders 1,302,189 449,049 railway debt substantial than of 97% 147,660 railway- of common 1,938,803 income— oper. from 2.9% own ill 1941 $463,548 From January 1— Gross . following 1942 $443,198 railway- from Net 1 " ;.'W 1943 $683,294 other <;things, advantage of and prior power accomplished y railway—--, from be This Pittsburgh & West Virginia Ry—Earnings— "that the plan say, among the plan for Court holders to the $873,GOO rather the voting 1364. March— ■:'(y.yfyy Gross to on was, distinct "Briefly, r by preferred stock, with $2.75 each on March 2 and June 1, 1942. Fol¬ lowing the payment of the March 1, 1943 dividend, arrearages totaled 1942, to of very not declared have directors of company charges in The McLaughlin went the addition y. Co.—$4.12 V2 Prior Preferred Divi¬ dend—Exchange Offer Extended to Expire on May 31— count 75 1942 and Southern for which was given by the SEC on April 1, 1943; Washington State Department of Public Service had been obtained prior to the SEC action. The. refinancing has been completed and in Steel Pittsburgh $5, par of Works—$1 Dividend— declared System- neighbors.;-•; refunding of the present 4,133 ; and their 1940 $72,214 $96,518 From Jan. 1— Gross no passion $745,978 profits taxes— 157, p. 1274." v », —V. $855,124 $1,102,871 $355,703. . excels , ' • '•> $396,180 » Fed. Sept. have is ■ Net stock, distribution of •Includes directors common Ry. , for approval of the plan as to effectuate the provisions of Section 11 of the Holding Company Act. Frank McLaughlin; President of the company, on announcing the SEC approval of the plan stated that when the recapitalization plan and South Bend Lathe the to over Service Commission The U. $865,331 3,610„.3,380 $399,790 charges Total the recapitalization, ton State Department of UVJr. for fxd. for Public Public Income avail, the of of Co., in conformity with an order by, the Commis¬ sion to dispose of its interest in Puget Power to comply with the Public Utility Holding Company Act of 1.935. The SEC on April 27, 1943 found this plan necessary to effectuate the provisions of Section 11 of the Act and to be fair and equitable to the persons affected by such plan. The issuance o& stock as set • forth in the plan of recapitalization as amended was previously approved by the Washing¬ $1,262,079 178,180 236,965 control the Securities eers- 1 Miscell. deducts, voting of present $5 prior preference and $6 preferred stock, has received the approval of the Securities and Exchange Commission.; 687,893 2,559,029 1,416,624 574,757 2,429,918 1,427,591 Cr412,307 Crl,531,440 Crl,229,204 1,072,024 ^Railway tax accrualsEquip. & jt. facil. rents ■ which holders 1943—3 Mos.—1942 $2,587,413 1,899,520 recapitalization Complete of • $6 * the payable in cash, and Middle West further proposes to sell to Central acquire 9,679 shares of Oklahoma's $100 par aggregate price of $967,900, payable $97,900 in cash and the balance of $870,000 in annual installments of $87,000 each, with interest at the rate of 4% per annum; payable semi¬ annually, the obligation to pay the installments of principal to be stock common for trust company at any time prior to the redemption for receive 105 and divs. to May 7, 1943.—V. 157, p. 1469. and Central proposes to and Swan-Finch A was 2230. p. y- Electric Standard Gas & ' while -iv ' Co.—Weekly Output— The York New if and Stock Commissiqri has approved This is action plan of reorganization a furtherance in of stock it that had which makes no / : held tiveness of the : approved by at shareholders the to 1940 $7,304,859 45,781 31,520 $7,336,378 1942 Other ;^ the on with 508,162 58,593 profit cents share per were made also the on common 51,729 115,187 since —V. (The) I W, 27, 301,000 431,900 939,600 Texas S, S. 13,200 7,500 — — post war refund credit ($559,000). ,, . , Rodgers, estimated the Gross operating 30, net profit Oil Co. & for first the on —— charges deprec., 2,950 inc. state to surplus taxes 4,326 rentals, 25.000 20.000 $220,330 dry holes, The etc. for provision liability for $5,812,145 3,140,782 revenues——. expenses In 26.171 Net fr rev. Equip, 154,861 y. charges Ry. % Accrued taxes, interest and 8,784,656 -L-*—) expense— income and State payment Advance 252,535 taxes, 'est.*:—— Net Chair¬ Committee, follow: made to as the for net 1943. for income No one 1943 estimated field in and "road equipment property" ' ' " •V- ' in Southern Operations California the .. ' 5 completed dur- company the drilling of seven additional wells (all producing), four of drilling on Dec. 23, 1941, when the War Production year issued on The of order prohibiting wells, gas the year results of operations for the compared year with 1941 a's were follows: „ , , ,, 1942 2,294,100 6,601,250 $1,156,682 $7,177,308 1,765,726 368,891 4,691,779 other $787,791 $2,485,529 $2,119,835 109,328 204,925 329.719 3,325 Cr632 8.668 Cr2,914 income- $826,480 $679,095 $2,271,936 $1,793,030 45,697 49,239 145,116 facilities Total charges against in 1942 129,908 ■ 1,083,648 totaled $415,438 of ■. which there was charged against receipts, j,,V representing intangible drilling and develop¬ ment costs such as labor, fuel, repairs and \ hauling in connection with drilling, geological work, clearing ground, building roads andv certain materials with no salvage value $3,091,671 971,836 $905,637 $3,107,175 - $9,692,921 8,975,225 Increase Receipts A-)L'Vl^^*L_•))—'Ci$11,681,954 Production exps. Lncl. deprec.) and taxes— 3,644,643 Expenditures for drilling wells and constructing 1943—3 Mos.—1942 $3,450,782 $16,152,533 75,832 investment $17,528,357. the use of material for the drilling of and three later authorized by the board. At the company had 272 producing wells.' The al¬ lowable production was increased during the .year and totalH produc¬ tion for the year (10,1$7,738 barrels) was 2,295,910 barrels more than for the year 1941, - income operating income rentals (net Dr) rentals (net Dr) ry. oper, incomes Other * •V' Net 1,014,618 1,094,810 income .; , , $2,417,052 $1,922,938 3,817 23,337 11,791 The 246,633 *1,224,652 $3,891,275 $7,790,678 receipts——————.. —* $862,620 $724,517 $2,393,715 311,058 319,0:12 944,941 $551,562 chgs. $405,505 $1,448,774 ' charges —— 83,248,179 *$141,004 957,867 * * income Net —V. 157, -1 : 1,853^393 $45,002,400 $7,078,604 Corp.—Earnings— ' . in to and increase receipts was increase an (42.3%) due in the principally to the inaverage price received in production), wage rates, redlining, replacing Third Avenue Transit gg 828 The increased increased 1471. p. 136.2%) production sold; maintenance expenses (mainly because of higher prices of material, and the necessity of casing in, and remedying, a greater num¬ ber of wells to maintain production thereof), and California ad valo¬ rem taxes on property and oil rights. The decrease (83.2%) in intang*ible drilling and development costs was due to the reduction in drill¬ ing operations. ): );y:: ;V $953,280 386,094 ( oil production expenses (including depreciation) and taxes was due principally to increases in depreciation charges (because of increased investment' in wells arid other facilities $1,911,147 i; increase creased and 14,200 2,526~046 —A— $728,334 9,557 — Inc. avail, for fix. - 1,094,810 386,094 surplus $872,177 —— 1,650,000 1 Surplus arising from revaluation of property income deductions for Fixed ) 772,336 :Reserves;. Earned, surplus. Total Miscell, 1,384,700 5,715,000 5,878,642 U. S. Govt, contracts™. on note payable-- '.Capital, stock; (par' .Paid-in $100,000 428,199 81,378 $18,577,664 payable payable Long-term 494 515 W. Charske, F. -Decrease. Accounts., Federal , course the close 1783. p. in was' year oil, and new '$195,597 Liabilities- Notes of 1.0150 , 48,648 $7,078,604 $45,002,400 Total —_>)..., remarks If taxable inc. exps. the oil the in $2,671,363 oper. ry. accruals-. tax Ry. • i be can , '"''554 ' '597 ^ from the increase net ,ing the 133,028 */, Jt. fac. Deferred • Oil r Federal of $20,000, 1943—Month—1942 Period End. Mar. 31— Operating Operating 136,930 L' 0.971(1 Q.9620 Commerce The excess profits^tax/' pfbfits taxes.—V. 156, .(v Texas &. Pacific: Ry.—Earnings— 742,751 — . ' 1.0380 $354,796 $266,552 normal income and surtaxes represents 742,751 Will or during: the ' ' 160,870" 147,962 . (bef. divs.) the basis of the present law-—no 31,749 2,481,436 Good ' 1, Board -1,823,674 ; 13,057,872 There was no change during the year in the amount of capital-stock outstanding in the hands of the public:i) * ' ' " ' Total funded debt outstanding in the hands of the public on Dec. 31, .1942, was $368,553,760, a decrease during the year of. $3,089,420.) , 12,379.741 1.720 • 26,453,735 14,060,394 Commission in its accounting regulations, effective 1943; for instance, prescribed that charges for' depreciation on classes of fixed property shall be included -in operating ex¬ penses and that the cost, less salvage, of other classes of fixed prop¬ erty which .may be retired and not replaced shall be charged to oper¬ ating expenses instead of to profit and loss as heretofore. $350,470 $519,834 72,412 32,696 etc.—.. tax——*. tNo liability for excess other '. • 27,289,316 certain 1941 5,722 • $425,988 __ deplet., Federal for aSsets*'*.w-**-.-^,w.^.r^:4--'%, 93,560 Property, plants and equipment (net)—— 2,057,701 "'Emergency, facilities —— L— — ' 835,127 Patents and patent development (net) 21,109 and 1.700 ' • : • forecast what changes will occur during Jan. , Investments • the year to affect operating should equal that for 1942 and Fed. tax rates are not changed, the net income would be substan¬ tially less, because the major part of taxable Income would be subject to Federal excess profits tax of 81%, since only the current year's ex¬ cess profits credit would be available. ) No part of the taxable income for 1942 was subject to excess profits tax because of carry-over from 1940 and 1941 of a large excess profits credit. Moreover, stated net income will, be reduced because of certain changes made by the Inter¬ 435,517 „ , 18,738,921 ' (tons)., revenues $785,987 *; ' 33,824,223, " 27,185,067 load prediction 1.67<? 45,568,297' of the Executive No can at $514,111 $423,038 —— for Net . Inventories' train man (& Subs.)—Earnings— credits..)*———— income "Income fProv. retire- , —,1.780 — Extracts April quarter 1943 1942 $901,644 $1,020,467 478,606; ' 506,355 , income oper. gross mile irev.)- . 1,702,678. ' passen. Average rate per ton per mile— 1941; Estimated—Pays the annual meeting held at President, company's operations income Prov. $363,884 debt -1942. —*$23,972,261 — — per April on 1939 ; 1,753,484 ' 1940 . 2,109,885 . from Profit '.V.V 1941 Cash * '. $806,283. U. S. Treasury fax notes, at cost —_ —1~ [•.■■■■ 110,000 Trade accounts receivable—13,619,539 897,131 Reimbursable expend, for production facilities 1,125,748 — (Del.)—Earnings income———_ Deductions from 8~500 ; '■ cents 10 made ~ $1,001,095 $945,810 $436,557 ($35,000) and excess profits tax ' Assets-—- Co. Texas Pacific Coal 76,000 33,200 42,000 of was ' ' 2014. p. Quarters Ended March 31— 61,769 155,060 "5,337,000 155, amount 1941 3,941,870 freight, tons Aver, $8,000,600 after taxes and charges, equal to 73 cents a share, compared with $7,900,000 for the like 1942 period, which latter figure was after an additional charge of $5,000,000 for taxes and war contingencies. Discussing the company's financial position, Mr. Rodgers revealed that the outstanding $6,750,000 of the ten-yeax serial notes had been called for redemption on April 29. The issue, sold to banks in April, 1641, originally amounted to $7,500,000.—V. 157, :p>T093V-^V?^:r;;:;::-;,yji . lax dividend a like of ! , Calendar Years carr. Tons,., 1,000, per m. V tax • declared have distribution ; 2,570,6^1,803 1,'283,992,931 1,021,396,602 1,020,985,118 per per ' . Statistics for 1942 . carr.~ mile •Rev.' on Gross %:',vConsolidated -Balance.. Sheet, Dec. : 40 10. none 24,610 184,305 . "Less nient of cents directors "Lease Net 1 15, 45 " pass! Rate share commitment etc.——— deductions ' pass. Rev. < - Operating j- ;,Rev. a usual initial Other — ; stock, $1 01 " 157, p.;1567. stock.—V. 1942 was published in the "Chronicle'' year April 26, page 1567,, dividend of 40 cents per Share quarterly dividend of $1.75 per series A, both payable May 15 to hold¬ the and shares" of capital Pacific RR.—46th Annual (calendar j $1 par common stock, payable May 28 to holders of record May 214,292 237,827 277,059 9,277,788 Report—A compara¬ tive income and comparative balance sheet covering the May 3, Fet). on The 317,626 405,967 708,794 447,254 income stock, preferred record 1,000,000 t') and surtax Fed. excess profits taxState 1567. p. "On Union Securities and Exchange Commission, and public portion of the stock is expected shortly. •' was at an adjourned session of a special meeting 157, ■ ^ An $5,310,396 4,268,326 5,920,531 9,589,393 2,386,690 for post war adj. .contingencies—L normal- income Fed. 1941 59,337,140 : fees, : , . the $5,284,392 26,005 $70,544,645 $13,016,077 income—— Interest, •. . 1939 $12,970,295 products sold— amortization * . Tampax, Inc.—10-Cent Dividend— a 255,603 — Selling, adminstrative & general expensesPro v. for deprec. and and 1470). 157, p. $9,416,304 -Jl—$9,382,021 slmrel—y-'r!",-$1.01 : last, and on Aug. 15 and Nov. 16, 1942, Which com¬ per share paid each quarter from Feb. 15, 1941, and including May 15, 1942.—V. 157, p. 1567. of incorporation, $70,289,042 ■ sales prov. Net the additional common shares has April 27 declared on common of pares Sunuhary of Earnings for Calendar Years of (see V. place of the annual meeting.—V. the stock the listing of 1,098,560 company's articles proposed amendment was meeting held on April 27, 1943. Total a taken Distributions Split-Up Co.—Listing—Stock The Cost in share (par other income the or income "Earnings per April 26 voted approval of the refinancing plan 165,000 shares in authorized common provide additional capital and for the retirement . the 219,712 outstanding shares of the company's common $5) will be converted into 1,098,560 shares of common stock (par $lh / >• On March 29, 1943, directors adopted a resolution proposing that the articles of incorporation be amended so as to provide (a) that the authorized capital stock should consist of 2,687,500 shares of common stock (par $1) in lieu of 537,500 shares of common stock (par 05), and (b) that, forthwith upon the amendment becoming effective, each outstanding share of common stock (par $5) should be con¬ verted into and exchangeable for five shares of common stock (par $1). Net Plan on to with action The directors on (par $1 per share), all of which will be issued be outstanding in the hands of the public, which will be held in the treasury, upon the effec¬ amendment of an Refinancing , Tampa Electric Co.—40-Cent Common Dividend— I which by — Union Carbide & Carbon Corp. (& Subs.)—Earnings— Quarters Ended March 31 — • : i v w •>' ,1943 > + 1942 ■ Income'„L*ii_iw—-^-*L-.-'-'_--w%c—$43,422,158. $31,459,503 Interest on funded debt——————..————:) 167,078 194,746 Deprec.; amortiz, and other chgs. <est;ir-.—8.685.39T > 6,841,991 Income and excess taxes) ^(est;25,187.6^2 15,006,462 : will which except 3,750 shares stock *' 479. p. > shares of. common stock of Inc. 157, to suspend ers all filed The security from trading upon receipt of authoritative advice that it without value, and of taking similar action when notified that a which, makes no provision for a listed security has been ap¬ proved by the courts or the SEC.—V. 157, p. 1567. Spring: Products, outstanding preferred stock offering of all is Steel 25 cents.—V. registration statement covering been plan Standard 16, an increase of ' a The New York Stock Exchange has authorized be sold to the A policy Exchange's the stockholders provides for of 22 security. for the provision April announced Exchange Electric The suspension from dealings of the common stock, when notice is received that the Securities and Exchange the Official and Dec. which Payment will. be made int. holders 15, Approved— Common Stock Suspended From Trading— authorized share has been declared on the common of record May 4. A like amount last, and on June 12 and Nov. 16, .1942, following dividends were paid: May 15, 25 cents; the 1941 Sylvania ; utility public the of in and per to 18 Feb. on i Corp.—25-Cent Distribution— cents payable-May disbursed Sept. 15, 40 cents; operating companies in the Standard Gas & Electric Co. system for the week ended April 24, 1943, totaled 175,434,000 kwh., as compared with 153,124,000 kwh. for the corresponding week last year, an increase of 14.6%. Electricoutput Oil dividend of 25 stock, by Central's promissory note to be secured by a piedge of acquired and to provide for prepayment at the maker's of any principal Installment without premium at any time. shares option 156, for redemption as of.June 1, 1943 a total of sinking fund debentures due April 1, 1960, at 101% at the Central Hanover Bank'& Trust Co., trustee, 70 Broadway, New York, N. Y.—V. 157, p. 1190. have been called There $181,000 of 3'/2'.y. evidenced .—V. Toledo Edison Co.—Debentures Called— payment, an the and Monday, May 3, 1943 THE COMMERCIAL & FINANCIAL CHRONICLE 3654 (Railway and Bus Operations) worn out . Total "At War H — Dec, 1942, 31, contracts, $22,651,496 tIncluding restricted to use in connection with 31, 1942, $538,747 receivable from oper. rev Total oper. exps at Dec. U, S. Government departments or agencies. Registers With SEC— v Total 1943 from 1942 A) 32,259 939,056 407,990 494,558 64,634 20,864 14,952 oper. income— 222,262 ■'Deficit.—V. ,157, p. 1276. )' ' *46,270 *83,536 *84,146 ry. $138,262 4,728 *23,697 6,907 From Jan. 1— . Gross Net from from railway—— railway—— Net ry, 404,498 /:."//%-):%;:% ■ of account accumulations on a dividend the $1.25 of 384,884 ;v.•'/, cents 6214 •. :. cumulative share on preferred stock, par amount V. 15,7, p. 479, ' ' $223,490 $2,142,186 $1,419,455 195,474 247,738 1,804,398 2,152,246 $33,761 *$24,248 $337,788 *$.732,792 157, A. Streich has been named Vice-President directors have a par revenues—— State munic. Holders may present their preferred shares http://fraser.stlouisfed.org/ i Federal Reserve Bank of St. Louis at either the * bank'or income net and the was 23,714,547 21,847,743 icharged balance of against receipts $3,387,220 will be use, States for the maintenance and and Los conveyed to the United State channel would not create a right of reversion in the railL road, and (3) that a permit from the Secretary of War is a condition precedent to any drilling in or under the channel and the questioii whether drilling on the lands is feasible or practicable cannot be de¬ a termined because of the absence of such permit. The company is tak¬ an appeal to the United States Circuit of Appeals. ): ' Royalties received in 1942 from oil leases in California, Wyoming and Colorado amounted- to $139,545. 1 : ) % ! ' • Vv1 ,Operations at Bun Valley, Idaho, were suspended on Dec. 20 1942 for an Indefinite period. This action was taken for the purpose of conserving transportation, food and other supplies, and man power for ing Electric Co.—Earnings— $252,704 160,687 Sec. taxes 1943—12 Mos.—1942 $2,802,679 1,915,832 190,070 $259,433 170,221 15,955 expenses- and Social 16,410 . . $2,750,260 1,877,270 192,589 more 17,307 1,617 14,650 5,724 6,102' 62,204 Net oper. $68,960 inc. (net) income Deductions, Fed. income inc. $65,083 $619,923 $596,046 • — common ' —,—. 21,904 tax i. 7'« 5'v. —V. $619,841 $64,651 - ) - 22,457. 273,034 ,39)> $596,78^' •280,519 (normal surtax) div. Dr82 Dr432 $68,982 ) Net income Pfd. 22 x— — pares 19,000 $28,078 $27,594 119,400 '/ prior lien-;*—)— Pfd, — — — United Aircraft Products, Inc.»—Extra Dividend— The directors have declared an extra dividend of 25 the, regular quarterly dividend of 25 cents ) $201,262 14,320 6,469 6,469 . the on of 'record 157, p. 647. Fastener Corp.—Meeting Again Ad¬ journed— 171,850 14,320 stock, par $1, both payable June -15 to holders .Like amounts .were paid on March-15. last—V, United-Carr - cents per share per. share common 115,000 $227,407 " 14,600 requirements: 157, p. 1567. , and June.l, ' ' Dividend—! Bedford, Mass.—$1 company on May 1 paid a dividend of $1 per share on the stock, par $100,, to holders of .record AprU 21. This com, with $2 paid on Feb. l, last. Payments in 1942 were as fol¬ lows:'Aug. 1, $1; and Dec. 10,-$2.—V. 157, p. 479.'' — • ' ' ' — The 67,048 1,378 tax important purposes under present conditions.—V, 157, p, 1567. Union Street Ry„ New taxes~~Fed. State Non-oper. and The company has called for redemption as of May 7, 1943 all of the presently outstanding shares of 7% preferred stock at $105 per share and divs, to May 7, 1943. Payment will be made at either National Bank of Commerce in Superior; Wis., or at the Empire Trust Co., 120 Broadway, New York, N. Y. l(t;, & expenditures-—I,ZZZ3II between Long Beach Harbor navigable $1, 1943—Month—1942 Operating Operating Gross Stock— over use of a free public chan¬ Angeles Harbor, and for no fee title subject only to the reservation that such property be used for a free public navigable channel, (2) that the production of oil and gas from the lands conveyed without discontinuing or abandoning their use as a free public nel of Superior Water, Light 8$ Power Co.- -To Retire Pre- paid . operations; ferred taxes, charged off against future receipts) as depreciation or otherwise. • J In the action brought, by the United. States of America against the Los Angeles & Salt Lake RR., judgment was entered March 25, 1943, holding (1) that the deeds given in 1908 and 1918 granting lands to Inc;—10-Cent Common Dividend— declared ' charge determining other the common stock, on income in and exps. l receipts the United '••• Twin State Gas & and E. A, Carlson has been named Secretary and Assistant and A, D. Freeman has been appointed Assistant Secretary and Assistant Treasurer.—V. 157, p. 1470, production accrued—were in 1277. p. Federal taxes—other than William & Of the total expenditures, $20,327,327 ; inc. net bus)—i.—.* Period End. Jan. 31- Superior Steel Corp.—Officers Elected— Treasurer, facilities Excess of quarterly dividend of 10 cents per and the usual quarterly dividend of 25 cents per share on the $1.40 convertible preferred stock, par $20, both payable June 15 to holders of record May 25. Like amounts were disbursed on March 15, last. Disbursements on the common stock during 1942 were as follows: March 16, 20 cents; June 15 and Sept. 15; 15 cents each; and Dec. 15, 10 cents.—V. 157, p. 1277. ' /, $229,235 V;: $1,246,097 ; : 173,358 — Tilo Roofing Co., The per value, payable May 15 to holders of record May 5. A like was paid on Feb. 15, last, and in each quarter during 1942, Arrearages as at Feb. 16, 1943, amounted to $2.183,i per share.— no inc.— comb, and share Struthers-rWells-Titusville Corp.—Accrued Dividend— The directors have declared 19,253 $1,978,572 163,614 _ other 1,444,629 income-- gross Total $132,530 "5,485 ):"; *31,669 - 1,641,526 to Jan. 1, 1943, the recpts. from the sale of oil & other products were—— $45,562,290 expenditures — cost of drilling wells & constructing The $2,690,720 170,838 ; . 1940 $178,421 139,856 74,958 Net From the begin, of this develop, • Total (ry. 1941 $3,620,098 $204,237 non-oper. "Loss.—V. $326,532 railway— railway——— oper. income from $375,076 $211,850 17,385 income— Total deductions Stateh Island Rapid Transit Ry.—Earnings— March—,; Total oper. 1943—9 Mos.—1942 $1,417,416 $13,277,856 $11,577,512 ' 1,032,340 9,657,758 8,886,787 net oper; rev.— $403,604 taxes w—191,754 Total / Company on April 23 filed with the Securities and Exchange Com¬ a registration statement covering the sale to stockholders of 218)962 shares ($1 par) common stock. The proceeds would be added to working capital or applied to repayment of a note for $845,000. Underwriter named for the issue was Kuhn, Loeb & Co., New York. The price of the shares and other details of the issue will be filed by amendment.—V. 157, p. 1469. Net $1,558,915 :: 1,155,311 Total mission Gross 1943—Month—1942 Period End. Mar) 31— Total 171,850 The 77,625 77,625 and a adjourned annual meeting of, stockholders was held motion for further adjournment to May 25, 1943, arid-approved.—V; 157, p.* 1567. ' ' ' : ■; on was » 27 April presented v , " I Volume THE COMMERCIAL Number 4173 157 from United Engineering & Foundry Co.—50-Cent Dividend the ,purchase $691,738 A dividend o;f 50 cents per share has been declared on the common stock, payable May 18 to holders of record May 7. A similar distribu¬ tion was made on March 9, last. : Payments during 1942 were as follows: March 3, 75 cents;, and May 19, • Aug, 18 and Nov'. 17, 50 Van Norman Machine Tool Co,—25-Cent Dividend— law), total, $77,071,314.—V. 157, each, cents stock, " reccrd and those 1941.- for disclosed Ladd that two MV" large r; ■ plants are sub¬ now stantially completed. to holders of record 1942,.■justified the purchase of an additional $2,005,000 Treasury tax notes and with some improvement since that time permitted the payment in cash of "Our cash March our $7,000,000 of balance -.'installment-• and tax of as December retention the 31, of- .these- notes: 1943, •60 : now amounting to $4,010,000,"!. Mr, Ladd/said. ;,.Tn; view, of further in-; requirements for operations and taxes, it is not expected that, our position will continue as liquid but at the same time we do not 'expect any difficulty from current requirements,"—V. 157, p. 1367.,Y; United Gas Improvement The electric output, for the 1568, ' Co.—Weekly Output— UGI system companies for the week ended ' , . I f . , "The total United Public Utilities Corp.—Extends period of months s x from 4, - To Redeem year,, and one the company 10-Year Interest Scrip— Dollar Yy-''y^ ; The,: corporation has called. for redemption as of May 7, 1943, the entire outstanding issue of $340,884.22 lace amount of its Syf.l. 10'year interest scrip, dated Jan. 1„ 1935,. due Jan. 1, 1945, at par and 'accrued interest, aggregating $141.75 per $100 face amount. Funds 'for this redemption have been provided from the corporation's treasury without borrowing. .y V This scrip, in the original face amount of 51,078,105, was issued in the rtorganiZaztion of the predecessor United Public Utilities Co. .at Dec. 31, 1934, for unpaidi interest on bonds of /the old company. 'Each year, since issuance, the outstanding amount has been reduced through purchases by the .corporation, ' %' ; Interest on this scrip will cease to accrue on and after May 7, 1943. : . „ Earnings for March : and Months 12 (Incl. ; 1943 'with in of for 1943, common last, 10. A while in and 1943 1942 1941 $295,235 $2.0 743 $1,64 $2.08 share.. common ' $1.79 profit sharing and all other charges for-Federal income and excess profits taxes. Note—-Federal Income and' excess profits taxes for the quarter elided a 31 March approximately and -corporattionfiv^m fund out be of employees the of the for are of sale its Is reserve amounted to $400,000 in 1943 and $490,000 in 1942, - 50-Cent Common Dividend—• ■;[, The directors the the on record 1 Like amounts were disbursed Sept. 1, 50 cents each; Dec. and oil share per of $1.75 to per holders of March 1, last. follows; March 2, $1.—V. 157, p. 648. on the common stock during 1942 Were on and declared a dividend of 50 cents and the regular quarterly dividend preferred stock, both payable June 1 first 14. May Payments Juno have stock common share the first time 'V products the 1943 1942. ■ 1, as on Fed. a and receipts of Net the constitute services taxes, for and the VL'L/wivyfy' y^y March Gross 3i : • for Quarter Ended • and s ^,'L: -V-:A--v■ 1943 1942 439,757.709 Wages, salaries, pensions 206,821,102 172,294,449 147,556,128 152,768,739 27,808,703 24,529,973 1 - . -Purchased . taxes-and sec. products and services— Depletion, deprec. facilities and Estimated > : social amort, and loss sale on additional of costs of of $44,338 $20,825 in , $49,083 and 1943 $11,495 in 1943 1941 1940 $26,166 $17,176 $411,616 $381,107 23,488 operating revenue 20,716 386,047 362,502 $25,569 $18,605 , 1942 ; 432,421.560 - revenues. refund 1,151 32.607 ' Operating expenses Net Rev. Sale post-war 1696. p. Quar. End. Mar. 31— Statement Income 156, 4,007 i ' •119,877 $80,326 estimated $87,047 6,003 1,151 •217,178;, . 1941 $171,368 Virginia Iron Coal & Coke Co.—Earnings— future ;V:o ' Conso.idatcd prof, taxes (est.i exc. profit 1942.—V. must 1942 _r—$306,033 and equip .7,428 of patents 1,151' and lyj.'',:' v"'". ■ 1943 building the and wages for dividends inc. •After the Co.—Earnings— — of Amortization to I that ' Deprec, The , Equipment Quarter Ended March 31— Profit Was primarily reported Victor I', v of attributable obvious being available for yy' quarter same .'"1- ' . be must 101.5% the first quarter of employment workers. corporation." Comparative r in whici\all costs, including salaries, ahy: balance paid," •needs in 325,530 revenues the with i'/' ' -."v'"; *>' total shipbuilding sales compared . number of 10,338 101.7, was -y . quarterly basis;".' \ Mr. Oid? concludes: -"It , Subs.) of additional in the. of 1942. 'compared increase required. of average '335,888, granted by the Securities and Exchange" Commission to the corporation comply with the Commissions divestment order entered March 4,, Tight to apply for additional time if quarter quarter The been to 1942. The company had asked for an extension of granting six montns' extens on the Coram ssion gave were 20, June $236,132 —U , per including first quarter assets, the on record •After provision for depreciation, $537,~ . the iixed profit Earnings- , first has 1943, during ni of March on Van Ilaalte Co., Inc.—Earnings- However, they were below the shipments of 5,367,089 net tons the,second quarter of 1942 which was the all-time record quarter. The percentage of shipments to rolled and finished steel capacity for Order—; March expenditures betterments • holders to made in - An- additional and <1942. jthe .first '/■ capital to- were 21 was Quarter Ended March 31— $17,000,000. On March 31, 1943, unexpended balances for property additions; and replacements amounted to approximately $130,000,000,. Capital obligations; refied during the fiist quarter amoum,eu to $2,445 788. The. total long term debt outstanding at March 31, 1943, ■■was $149,483,596; 'v.-'•.'/'}>"} ';"1' %% ; Shipments of finished steel products in the first quarter of 1943 of 5,149,982 net tons were slightly higher than in the first quarter of April 24,- 1943, amounted,to 128,965,720 kwh., an increase of 20,570,765 lavln; or 19.0% over the corresponding period last" year;—VL; 15$; P. deducting the current dividend declaration, compared with $509,458,949 at March 31, 1942. additions creased . of and its subsidiaries at March 31, after 059; June amount tho •Net Net current assets of the corporation share has been declared per payable on May 20. " cents 25 like of following dividends were paid; March 20, June 20 Sepc. 21, 25 cent seach; and Dec. 21, 55 cents.—V. 157, p, 1278. quarterly dividend of $1.75 per share on the preferred stock, payable May 20, 1943, to holders of record April 30, and a dividend of $1 per share on the common stock, payable June 19 , , emergency 1942 the declared 27 of $2.50, par distribution Corp.—Quarterly Earnings Report 1943, -April • Mr. Steel Reporting the earnings of the corporation for the first quarter Irving S. 0,ds. Cuairman, announced that the directors had that "our backlog is still the largest aihple production through 1943." Sales in 1942 assures above 4,0% were United States . President George T. Ladd stated , dividend A 1191. p. . 'on 1655 of preferred stock, $6,504; earned surplus (includes of Mexican subsidiaries required by Mexican reserves $10,197,483; FINANCIAL CHRONICLE & operating profit % from Total other income Bond interest, •$2,322 *$3,540 63,780 53,144 $61,458 $49,604 !;'% sources — 21,691 23,949 $47,260 $42,555 v; 54.499 56,979 24,781 32,197 $6,958 •$7,374 $22,479 $10,353 'efcc.^C-r-. emergency fixed assets applicable this to profit Net. . •Loss. , Period End. Mar. 31— Subsidiaries— - .Operating Tot. Net & taxes exps. .1,157,711 '•• income— oper. income $5,199,526 State, $4,955,074 : 3,914,599 4,186,145 $288,445 4.304 $1,013,381 21,577 yy;y 17,729 out other and local Estimated $1,040,474 4,867 • arising Interest 1,141,073 $324,399 <net.i_. period 1943-12 Mos.—1942 y% '••;% -f, -nf 'k •>•. '■.. $1,482,110V $1,429,518 revenues. oper. Other 1943 - 3 Mos.—1942 '--s-v -■. and of 6,000,000 costs long-term on miscellaneous Federal income debit taxes-,—— taxes.-;- 28,100,000 . Gross income — $328,703 — deductions Balance U. applic. P. $293,312 declared Divs. declared 6,419 on 46,764 corp. :; $324,550 United Public Utilities' Corp.— I % . General * „ $1,039,275 forward for future Note—AU .results stated and $23,346 104.640 Net income -ii.-. -V. $988,195 ' also bility (ne.t)t:-.L-l__-..;':,i:;.$2l.487 m.sc; deducts. & Carried and expenses taxes Int, $286,893 — $123,312 106.311 %i37,236^^ $198,423 I $130,912 420,415 427,062 *; ^ $444;467 i various to of Loan, Society of The directors have declared .and semi-annual a stock, ;conunon Nov. 15, cents and dividend payable last year, an extra of 30 cents and the of 10 dividend of cents paid - compared the on record of various Sv Truck Operating par 30. On dividend of 40 with United States Smelting Report— Yx •Consolidated Refining Co. & (& Subs.)— Lines, Inc. ■•■'•■ ?1942 1941 ■ for Profit • depreciation, depletion & fof $6,855,963 1.883,189 amort._ 1,695.826 $7,146,844 Reserves 1,939,703 $5,263,655 surplus^—balance beginning year_rL of .Preferred dividends Balance f •Alter all charges and provision amortization..' : that 1941—$18,457, 1941 $990,854 $740,570 246.182 ' Federal taxes--; ;; 197,329 120.211 $585,605 $370,344 272,970 272,970 272.970 • "requirements. of share the 1942 • excess be income rate the at •U. S. will 40% 528,765 on 31% for taxes now in rate 1,005.000 $750,570 $1,183,970 530,000 825,000 , .' 1 510,000 yyy ' and of hand, on U. $1,963,001; $671,000; license fees, $108,406; etc., total, $27,641; for reserve workmen's surplus, $3,258,562; total, $7,438,138.—V. 157, then ' and in $0.28 " and Feb., the corresponding No for provis.on force. profits taxes for either period, it being $0.18 been figured was months made believed that of for none dividend of cents 50 per share has been declared cents 75 Nov. on V4 156, p. 1696. ; ' 15, and 1941, ' 25 17, cents the May Consolidated Balance Sheet, to the consolidation of Traffic and improvements (less reserves for depreciation, de¬ amortization, and property written off», $40,397,159; de¬ ferred charges to operation, $6,797,272; fire insurance fund, $1,645,283; and additions pletion notes last year, July on Similar compared 17, 1941.-— and loans not due in 1943, $25,370; inventories, $10,633,142; accounts receivable, $2,007,655; notes receivable and loans, $2,904; miscellaneous marketable securities, $80,853; U, S. guaranteed securities, time $700,000; U. S. Treasury notes, deposit $100,000), $9,781,676; liabilities—Commpn stock ipar $5,000,000; total, $50), $26,438,250; cash Universal v; A dividend compares with 1942 were cents 10 10 1, 25 cents 1 holders to on March and 2 each.—V. Newark, has been share paid March cents of Co. per payable .June follows; as Dec. Insurance of $8, par p. record last. 1, June 157, 1, N. declared of 25 J.—Divs,-— Utah Light & Traction Period End. Mar. 31— the common May 14. This Distributions during cents each, and Sept. l 480. cumul. pref. 518,201; drafts in transit, $421,269; accrued ■ reserves for taxes and other liabilities, $4,380,169; dividends declared (paid Jan. 15, 1943), $938,219; reserves for contingencies, $9,194,258; capital surplus arising Dec. . current Other balances—net supplies dividends 31 1 1941 i'' ''t'-'jj) $ . -yw- 168,915,660 166,781,489 5,638,547 502,109 3,000,000 notes 8,350 105,444 519,542 590,796 1,508,502 697,340 4,283,282 1 assets 9,700 606,018 ________ 3,011,513 receivable— 1,750 38 485 31,205 32.893 —__ assets 1,493,070 —_ 1,339,268 -V 182,597,490 revenues.—J Operating expenses Federal Co.—Earnings- stock Preferred, Grants 31,271,500 6% in cumulative of aid dividends $1,315,152 132,767 taxes $2,049,353 110,878 1,610,045 1,165,543 18,988 704 86,436 8,065 81,641 68,212 . taxes L__ 7,208 , 5,963 -V. its Rent oper. fr. $40,151 revenues— lease of plant $21,744 $271,231 $73,332 30,845 . 382,073 549,683 31,258 of 6,120,559 Gross Int. on Other income mtge. int. & $71,409 $653,304 $623,015 50,763 597,201 2,147 25,356 17,723 deductions — in 29,888,237 RR.—Annual Report- first of operation the year in $100 taxes Wabash 22,208,660 30,002,264 . 30,135 23,961,521 ^ 1278. p. each 19,388 12,714 1941, just released by $18.96 609,150 2,094 . $52,589 49,221 •_ bonds 6,039,234 34,161 182,597,490 181,203,231 $5,532,112 For 1,257,975 liabilities———— net income of $6,826,791 road 210 754,300 1,257,975 G__~ Wabash a Net 180 liabilities 157, 15,240 46,575 750,550 V: — declared.._____ Corporate surplus $139,289 1,420,749 payable_—_ taccrued liability current Total 60,344,000 1,135,888 payable unpaid Unmatured tax wages accounts interes Other 4,604 60,044,000 and matured Accrued 27,955,000 4,604 debt accounts Miscellaneous 31.271,500 27,955,000 stock construction__i-.y. Unmatured 1943—12 Mos,—1942 $199,114 181,209,231 LiabilitiesCommon Deferred 1943—Month—1942 Operating as of Norman B. revenue against revenue for year according from reorganized Wabash RR. showed 1942 as compared with net income the to $8.88 freight, first annual of the paid out report Pitcairn, President. in received per 1942 the Wabash $100 in 1941. and allied services for the passenger amounted to $78,898,484 and income from other sources amounted $746,431, making a gross income of $79,644,915, an increase of over the previous year. year to $21,437,372 Balance 7% Sheet, and conduc, receivabley--.———— accounts and Interest on . *$321 $20,094 $30,747 *$3,853 157, p. Expenses of operation, comnosed $47,037,382, 1568. Utah W. Austin elected •officers Co.—New Radio Products Ellmore, Oden F. Jester Vice Presidents in line with were necessary.—V. 153, p. and 707, Remv L. Hudson decision that totaled 1941. During 1942 $68,213,339, of and an cost, rent of of labor and equipment and increase) of material, property, $19,430,400 over year Officers— the board's taxes of $14,961,300, $6,214,657, •Deficit.—V. stock (par $50). $23,397,400: capital stocks of subsidiary companies not owned in consolidation and proportion of surplus accounts applic¬ able thereto, $579,561; accounts payable and accrued payrolls, $1,- 1,667,301 3,596,222 from agents and Interest Auaited (including $77,071,314. 3,127,148 _ car-service and Long-term and receivable $6,559,710 1,667,300 balance receivable in properties,- plants, $5,090,913 1942 Miscellaneous Dec. 3), 1942 investments, profit and loss.__% v-l to Special deposits " Assets-r-CoSt transferred 4,729,712 common 5, % ' ■ on record par other required under the existing law. 3,527 58,563 - ■ dividends dividends Deferred $97,374 $0.59 I' 1943, have 60,741 UiJw,';.- investmeiits,:,'.__y__!yyyiyLLL_y2yjyLi__:__-_^i.'yy; compensa¬ 904. p. 2,265,244 2,261,765 debt Temporary cash investments, U. S. Tre&s. self-insurance, 4,887 $8,887,044 Li ' $7,- $107,100; minority interest in subsidiary companies, capital stock (par $1), $510,000: capital surplus, $2,040,000; 4.932 ; Assets— . insurance, $8,831,931 $7,413,419 charges— income 103,035 $7,418,351 charges__'— Balance -;V'Vy I'./;. : $8,788,899 debt unfunded on Common (less reserves for deprecia¬ $2,384,525; intangible assets, $2,846,010), 52,720 $7,369,757 officer,,$38,444; fixed assets of 547,607 46,174 ■ income__——__ fixed for funded on fixed Preferred tax receivable from available Interest Other Treasury 754,345 :i L---— deductions Interest Net S. 7,213,460 $8,188,569 48,594 income Tncome $2.15 accounts 6,657,500 $6,569,237 income-„____-__— operatihg 24,975 $13,226,737 $15,402,029 - - - income Total ' indebtedness, revenues—L---- operating ry. 468.644 ______ income—— Equipment rents—net' L__— Joint facility rents—net—_— — Net 33,014 520,962 _L accruals-^— tax Railway 550,000 $1.47 profits taxes. banks in 28,751 investment—Cr__ for Unadjusted credits Jan. force; Railway Miscell, excess 4,290,234 .%'■ $2,188,970 *585,000 shares stock outstanding--..;-' common Note—U. S. at $312,835 $146,965 per Dr4,376 312,540 4,665,618 ,v— Total and Balance Earns, 67,954 taxes $10. payable May 20 to holders of distributions were made on June 15 and Nov, 250,015 207.920 $2,033,018 5,272 224 5,591.159 _ Universal Consolidated Oil Co,—50-Cent Dividend— A ; ; 216,243 8,780 $2,190,168 ... operations operating Materials with c_— 47,507 G98.827 i $26,523,147 $27,837,320 — Unadjusted debits . $419,935 dividend $2,193,346 d, r~- prepaid revenue, stock, $832,360 Net earnings Preferred 827,239 tion, State of Ohio, x':- 1942 ,! equipment.^ ry. ing stock, / 1,266,372 Net Other • $114,736; '; ■;" revenues-,'L_-L-i— and structures—-*-----~L way of Net earned v."' - . income on $6.86 35,720 919,509 operating of items,, $141,731; public liability and cargo claims for losses not covered by insurance, $47,987; Federal income taxes, $637,193; unearned truck¬ $9,686,706 I;. $6.20 • amortization Domestic and foreign 1,627,941 982,212 ■■ Liabilities—Accounts payable, $363,049; accrued salaries and Wages, $190,139; taxes, other than Federal taxes on income, and-other accrued Earnings, Two Months Ended Feb. 28 ', charges, except as follows •Reserves for depreciation, depletion and 1,579,180 •: : deducting all after 1,688,997 $1,335,570 income .amortization $1,288,881; 500,000 '/ I1943' earnings, and made for U, S. excess profits taxes, it being required. Includes foreign excess profits Estimated Consolidated r 10,076 922 1,372,217 y certificates life of on 438,138. - 8,667,346 be Will none and tion •'•-•'_py-'.".'-vVi'.--;' taxes:; 1942—mone: Gross cies ,500.000 $10,197,483 4,532,341 13,396 Transportation $810,764; inventories of tires, gasoline and oil, $143,842; marketable securities, $29,275; cash surrender value of insurance poli¬ except domestic and foreign Federal taxes on for reserves for depreciation, depletion and Note—No provision was believed 500,000 contingencies-, $22,514,155 5,776,157 (less reserves), $10,186,706 share Earnings per common income : for reserve 1941 $19,691,289 General expenses $17,680,817 Consolidated Balance Sheet, Dec. 31, 1942 tj notes 1,637,818 shutdown expenses of gold properdown by Government, order____ Earned surplus—end Of yeaL,^i-_^ 1 • for closed ties 1942 • >. —_— Transportation 1941 1942., $1,267,615 Federal for ASscts—Cash 2,643,825 $11,197,483 Provision for special -Reserve Total Maint. Ma int. 687,885 •Includes. $22,000 $14,468,349 1,637,818 - possi¬ Report— $14,556,455 Outstanding common shares Earnings per share_„_._" 9,$52,089 2,115.060 IC dividends Common •<]',.' . income $4,916,260 9,686,706 . $14,950,361 ... Total v Earned to 75,326 Miscellaneous income Net income Dividends paid $8,551,789 2,934,090 income.. on the •' $10,080,934 Federal taxes after revenues: Express' Miscellaneous 1 Subs.)--Annual (& income' (net) Provision earnings Domestic and foreign '. '-•'LuyL'T . . in 1568. p. quarter amounting 47,469 ,'. contracts, the esti¬ and amortization, and depreciation tor first $2.48 involved revenues Operating : Other 'Annual $1.04 those as, for depletion and 157, p., 643. Passenger semi-annual a 1942.—V. Calendar Years— ' 5,136,418 depreciation ' „_2_r May 15, 1942.—V. 156, p, 1616, on operations depreciation Freight—merchandise $398,426 $12,913,363 5,149,982 Transportation and terminal *.e'xpenses_r;__a___ Equipment' maintenance and repairs r; Insurance, traffic promotion & admin, expenses Equip, licenses, gasoline, payroll & other operating t,a,xes share $10 of results for $24,822 in \Virg;iniah Ry.—Annual Report- Operating Government contingencies.—V. 157, U. April semi-annual a which cents, of 10 cents of on provis.oa $481,301 cents per 10 share per holders to company extra an 30 15 and 1943 299,753 (Philadelphia).^—Reduce extra an of May such profits mated; taK-iiaohity, ; Semi-Annual Payment—Also to Pay Extra Dividend—,:? . y •'■.'•■' 8,703,252 . subject to final 1943 audit adjustments are uncertainties renegotiation .Calendar Years— States needs__—______ estimates 157, p. 903. United , shows allowance 39,755,482 8,703,252 Shipments of finished- steel products (net tons) Earnings per share for common stock ; to U. $30,617 in $15,406,597 $27,921,534 -%■"■■ 6,304,919 6,304,919 pfd. stock— stock—I; on com. above made Freight—cc-al $1,058,203 V.y:: 18,927 $1,034,958 4 J 53 :Ly having — Dividends ' Other 1.462.831 6,852,154 X 7,688,552 —. Income.. Note—The 6,000,000 - 1,213,025 have been additional i' there increase of $7,700,077 in operating ex¬ penses, due principally to increased maintenance and transportation expenses because of increased volume of business, and increase in wages was an effective Sept. 1, 1941 and.Dee. 1, 1941, imposed under mediation THE COMMERCIAL & FINANCIAL CHRONICLE 1656 West with the operating organizations and the non-operating in the amount of $3,075,485. e11TOonw7nv: revenues less total expenses during 1942 left $11,798,077 foi agreements organizations Total ; '• called ■' .V' v 1 " . v "1941 '■■ •' Westchester $68,449,908 $50,800,291 6,163,206 2,974.484 pLssenaer""""" Lighting Co. Operating revenues: Sales of Sales g"-42* -M9-«4 oper. Total 1942 oper. Operating \ "Taxes $56'889'880 g,221,286 6,889,880 revenues structures..— and Maintenance of way Maintenance of equipment....-.-.-.---- revs 90,481 90,201 $19,823,883 11,567,112 expenses. Gross Int. ^ -—-- 11,287,583 11,317,492 1,914,400 3,084,626 3,035,786 $3,629,199 14,916 13,113 Dr7,515 14,513 2,172,225 ; $2,612,982 $3,621,684 1,832,200 $3,098,584 1,834.200 52,177 104,250 104,250 27,425 advs. from on • $3,266,049 30,563 20,574 1,834,200 1,834,200 5,110,863 income —$699,180 'Dividends;. 1__ less premium $1,129,571 $1,662,660 1,254,000 1,463,000 836,000 "Including provision for Federal expense Other income.——. operating railway and income miscellaneous income Total 746,432 for 0 $10,853,'341 2,573,881 charges $9,709,901 4,177,788 Income —---- debt, 1,452,669 326,719 fund provision for directors tue on V. 619,000 739,701 income— $1,277,049 * 1,254,000 of w 2,169,024 "844,170 2,851,178 "3,114,275 $2,378,370 18. April 5,098 11,497 14,575 $1,059,952 $2,366,873 initial the on 483,491 478,853 1,918,441 1,958,515 : income $330,352 . $1,135,120 $448,432 $581,099 '• General Sheet Balance -V-:!, 1 1941 1942:; g ■::'/V'.v- Assets—/ to Investments Cash :— Traffic holders balances—Dr——_— 1,941,842 2,316,337 4,242,796 Interest receivable.L.-.^-.i--- supplies — dividends and Deferred : assets ■: and Deferred 183,853 1,228,581 5,166,924 —_„—aL—263,857,679 Total■ * Liabilities— Capital in Long term Traffic and accrued — declared liabilities Unadjusted ; ; —- 318,707 5,604,603 500,375 580,253 7,560,794 —A—a—_—_L——— Earnings for Net ry. . • Net ry. —V. Date to Western Grain Accruals— holders of Jan. sinking fund .•/ft;'/ft >13,336,176 series A 1943, 2, of of $4 in cash in exchange for each $100 of July 2, 1943, surrendered. bonds The serai-annual interest will also be paid on the series A bonds.—V. 156, p, due July 2, 1424. 9,579,380 5,098,963 4,055,535 2,781,709 1,984,553 2,208,224 756,197 (& Subs.)—Earnings— ft/--.. Western Maryland ; : Maint. $3,724,007 126,945 bids Boston, for the $2,268,894 $9,087,642 $6,285,963 449,466 199,845 993,574 91,739 $0.21 ., Mass., sale to until it of collateral trust 4 V2 ft bonds, series A, due Feb. 1, 1956, at prices exceeding 100 and interest. The trustee had prior to April 21 $131,981 in the sinking Lund available for purchase of the bonds. —V. 15,7, p. 1368: ~.v ftftft'ft ' 'Mft/ . Washington Gas Light Co. (& Subs.)—Earnings— Operating Operation revenues.. ——„ — _ Maintenance of Traffic 1,663,458 1,418,686 Miscellaneous General Net 571,059 equipment—- expenses Transportation 511,282 42,390 " ______ 46,576 oper , :i 129,387 612,695 2,297,729 1,718,311 10,834 822,971 exps.__. 27.249 ,1,; 62,682 56,281 190,767 Federal inc. excess $3,785,478 $2,218,772 560,000 340.000 1,552,000 840,000 $800,973 $491,381 $2,233,478 $1,378,772 8,173 45,751 78,751 116,685 Drl5,219 Drl5,255 Br44,956 operating 1,961,667 $1.21 $2,182,119 "Includes dividends ITncludes excess received profits $521,877 $2,267,273 $1,451,637 16,791 94,513 45,801 $1,497,438 ■ rents (net). income Interest Net —V. and other $2,010,821 831,417 $1,179,404 deductions Income — 28,087^ $538,668 $2,361,786 275,246 281,360 832,230 834,511 $546,768 $257,308 $1,529,556 $662,927 $822,014 ' u —— income the three months ended March 31, 1942.—V. 1279. 157, p. Whiting Corp.—Pays Extra Dividend— An extra dividend of 20 cents per share was recently declared on stock, par $20, payable April 30 to holders of record April 22. Regular distributions of like amount were made on Jan. 15 and April 15, last. Payments In 1942 were as follows: Jan. 15, 20 the common . cents; April 15, 40 cents; 157, p, 264. 157, p. 1278. Co.—Earnings- Quarter Ended March 31— Net Net sales sales Total (retail) net 1943 and July 15 and Oct. ________ sales for excess 1942 1941 $6,004,760 6,886,223 5,298,531 $9,381,368 Fed. normal profits 1,184,789 525,747 158,680 taxes income $14,940,568 367.840 ; Net earnings Prov. ______ The period have been has been credit to the excess for the profits earnings 687,420 $209,160 $497,369 The offer Ye.low Note—Federal income and excess profits were computed the of 1943 at rates now in effect. Excess profits tax by using one quarter of the total excess profits the measure in arriving at the amount subject foreign subsidiaries quarter of of 1943 consolidated not compared as were $39,408 for the like with $71,411 ;■ ?;.. 157, p. 1096. General Truck difficulties. matter & Co.—Merger Postponed— Motors Coach According will Corp. to acquire all the assets 0' the has teen postponed because of tax letter to Yeuow jliuck stocicnutuers, tne Mfg. to Co. a under remain consideration, but the question will not be at their annual meeting on May 13, ass originally intended. It is reported that efforts will be directed toward working out a plan that will preserve as far as possible the funda¬ submitted mental to stockholders basis of the original offer and at the time same the meet tax problems involved. If such a plan should be evolved, it is stated that meeting of stockholders will be called to act upon it. For General Motors has held all the common stock of the company special a years, and large percentage of the preferred and Class B stocks outstanding. January,,. General Motors offered to exchange its shares for the preferred and Class B stocks of Yellow Truck & Coach Mfg. Co. held a 473).—V. 157, p. 480. p. York County Gas Co. (& Subs.)—Earnings— Years End. Dec. 31— Operating for for $265,269 at the 1368.ft,.i $991,886 556,364 522,424 53,802 41,095 102,051 112,743 —— depreciation of amort, utility State and Net earnings Other plant acq. adjusts.. 10,726 34*457 33,523 income taxes (no excess 62,326 16,055 $255,241 —_——. income—net 1941 / ,074,033 -.------i Provision 1942) 1942 _____—.1 revenues—gas MaintenanceProv, During ■ Operation Balance Interest $265,110 23,433 — ——.—L— v. on long on Interest Amort, unfunded of debt Net 46,067 rate > $278,674 term debt— \ $311,177 175,447 debt discount income 191,499 120 and of for the 14,254 $88,691' ,_.i Federal 57 14,415 expense—. —— provision those sents and State income taxes in $105,366 1941 repre¬ subsidiary companies. No provision was required for York County Gas Co. due to the loss on the sale of, the investment Petersburg benefit of & such taxes come and and Gas Co. Hopewell loss, would If the had not had the for Federal and State in¬ approximately $16,000. required the have been Company provision liabilities Conewago Gas Co.) 1941. directors 29, $1 each; Aug. and Nov. 28 30, 75 cents each, and Dec. 22, cents. A. W. Robertson, Chairman, measured months of by sales 1943. as 70ft* ^ ' billed, compared filled lorders, i likewise, Of. 1942 Of disclosed that Westinghouse production, had increased 39 '/t in the first three - show v t ' a 1 with the large •/, last year. Un¬ the first quarter' period same increase ofer • . Nu*. Sheet, Dec. 31, 1912 Assets—Utility plant, $6,386,250; investments and special deposits, $669,174; cash, $412,609; accounts receivable, (less reserve for uncol¬ lectible accounts of $38,038), $253,527; materials and supplies, $77,290; prepaid insurance, etc., $4,019; capital stock discount ($50,000) and expense, $84,669; deferred charges, $192,550; total, $8,080,087. Liabilities—7ft stock Co., State of V. debt, $10), $1,200,000; accounts long payable, customers' $53,622; stk. (par $100), $1,500,000; term taxes, liabilities, construction, 157, p. 480. $59,369; $9,459; $38,509; security miscellaneous reserves, earned debt $37,882; thereon, $3,431; accr. general taxes, income deferred cumulative first preferred (par $3,293,300; term accrued common May 50 estimated to be applicable; to the year 1943.—V. 157, p, $138,576) for taxes as Yellow Truck & Coach Mfg. The long on April 28 declared a dividend of $1 per share on stock, par $50, and on the 7% cumulative and partici¬ preferred stock, par $50, both payable May 28 to holders of record May 11. Like amounts were disbursed on Feb. 26, last. During 1942 the following payments were made on these issues: March 4 and the 260,478 $11,303,291 and —_—_ income tax. of March that computed year Profits states company determined for common „■ pating as Net refund of *. Notes-— (l) 15, 20 cents each.—V. ' . Westinghouse Electric & Mfg. Co.—$1 Dividends— $8,054,345 — (wholesale) $1,25 $64,657, $1,247,184. Gas Western Auto Supply post-war subsidiaries, puted in income '• charges Net V Gross, (less tax foreign for inc.— oper. 103,345 ■ from Note—Operating expenses include accrued amortization of defense projects Of $85,280 for March, 1943, and $69,220 for March, 1942; also $255,840 for the three months ended March 31, 1943, and $163,103 ry. Gross income Fixed $1,907,476 5,996 $1,288,317 —- — • July 31, 1942, company effected a merger of the assets of two subsidiary companies (Interborough Gas Co, and also recorded the original cost of utilityplant and made certain adjustments incident thereto for company and two merged subsidiary companies, Effective as of that date, in order to have a- uniform depreciation policy for all property, the companyadopted the policy of providing for depreciation of plant in service at the overall rate of 2ft per annum on depreciable property and of pro¬ viding for amortization of utility plant acquisition adjustments at the same rate as that used for depreciable property. The adoption of this new policy had no material effect on the aggregate provision as com¬ 668,050 899,798 revenues income 153,348 $0,73 Balance Net Other 702,258 — ————J-. out¬ Dr43,820 $793,927 J Other 778,314 788,185 profits taxes .1,126,878. Note—As of Net 674,175 $2,188,115 and 761,954 '' 1 — stock cap. "The facil. Joint 571,652 773,538 839,580 — t2,176,324 $2,457,835 163,364 $831,381 . rev. 1942 619,290 a taxes excess 32,723 9,446 136,842' $1,360,973 expenses oper. Operating incomeEquipment rents $12,857,998 $11,457,382 7,655,286 6,857,715 ; ____ Depreciation General 1943 . 227.846 $3,313,441 1,963,967 597,265 not 12 Mos. Ended March 31-- 141,815 $3,498,297 $2,371,419 1943—3 Mos.—1942 $3,318, ,987 revenues—— Taxes trustee, 132,184 $2,511,593 profits tax payable) 1943 —Month—1942 Received— received "149,260 $4,027,812 V 1942 $4,322,312 Boston, 174,540 1,964.327 in of 1943, $3,035,595 , $1,524,639 Ry.—Earnings- structures $0.30 21, $3,356,482 173,933 $2,379,409 (net). profit "Federal 2,458,444 Bank 2,274,029 General;taxes.:—— 11,325,520 State and social security taxes and estimated and excess- profits : faxes. tOn 424,600 shares of outstanding.—V. 156, p. 1696, ft .ft/ft April 1940 $5,534,164 2,455,979 ' 187,954 $1,712,912 series A, 260,927 $100 Period End. Mar. 31— National 1941 $6,000,415 2,277,691 (Including Subsidiaries Merged gold bonds, 941,820 _ Noon, 1st mtge. 748,229 .. First 6f/c the on 1943 1942 $4,831,033 $3,878,552 income •"-77 , payment ;ft: * standing (no par)1,964.327 Earnings per share ; $0.87 Co., Ltd.—Plans to Wipe Out Interest ; ■ provides ''"ft:/ft:/,' ; 1943 by the public.—(See V. 157, 815,337 share. depreciation, o'clock 103,760,255 ,1940 Warren Brothers Co.—Tenders The 104,051,222 —V0t156T ~p"l696". dated 1 income 12 —_ $3,801,575 22,486,969, 15,546,023 : Subsidiaries) Last The per stock 765,709 — 1941 sales "After 5,150,918 641,766 — 1,665,490 profits common 5,150,918 : surplus $4,958,104 ' Quarters Ended March 31—1 Federal 36,784,000 surplus Operating "Net 36,784,000 1942 Waldorf System, Inc. Total (836,000 no par shares)— stock Capital 157, p. 1568. .-(Earnings 454,695 2,364,111 2,011.251 income.— oper. 271,332 454,695 2,371,568 1,068,120 railway.... railway.. from 287,846 construction—— reserve—— aid of $5,660,638 income from Net 5,146,770 reserve—.—— provident Earned !: 263,857,679 246,816,292 1—' t" From Jan, Gross 887,164 6,502,279 plant. 1929, which carry accrued interest amounting to $24 bonds, will vote June 15 on approving a proposal which for the issuance of $120 in new series B bonds and the 1943 oper. 740,092 . 857,123 3,551,130 railway— railway from damages utility 641,102 739,953 $8,055,579 from Net Year and 508,760 per March— Gross March 110,425 construction.— depreciation of and Common "Opening entry Wabash Railroad Company. ; '• for Injuries 101,317 —. for 23 stock 39,802,160 41,950,025 ... Total Reserve 542,568 ———————————— Customers'.. advances 10-for-l a 2312. /: p. 225.000 242,369 554,348 companies— — April made was result of 156, 133,575 3,475,000 437,643 accruals... ——— accrued 16,1 46,184,000 2,475,000 companies sundry 1,6.13,905 1,308,186 : _ accrued Interest 45,750 313,148 — -: — deposits Contributions in — credits surplus Taxes and associated Employees' 13,465,594 liabilities— to 2,489,947 78,825 ' liability....—— current Payables associated 3,616,320 1,399,633 accrued— rents tax . income 147,318 46,184,000 debt from payable share per 184,754 1642 period.—V. 1,062,785 , 52,758 104,051,222 103,760,255 1,508,502 ... 1,033,891 885,114 57,387 154,150 2,459,923 205,030 payable.—; payable...— wages dividends Unmatured Unmatured Deferred 546,286 unpaid interest Corporate 103,016,495 accounts matured Accrued Other 102,832,709 accounts Unmatured — balances—Cr_—— car-service Miscellaneous Interest 89,182,917 89,182,917 28,180 construction... 896,317 — 75,164 Liabilities— Customers' debt and Audited of aid 246,816,292 , stock Grants 144,277 company— supplies Advances 10. 1942.-— 1,881,903 profits taxes Foreign exchange loss— Prov. for contingencies. 18,609 2,172,420 debits Long-term 28, $5,945,214 J Fed. income and 2,073,565 916,106 associated Accounts ■ and Dec. 16 24.—V. 42,150 1,826,763 • cents April Wholly-Owned Domestic : Total (2) 15,752,888 10,145,659 ———a— debits 308,621 18,609 ^2-: deposits and funds insurance, rents, etc.— Prepaid Other 2,254,851 42,150 29,712 39,178 current, assets-———A———a—:——; Special Nov. 15, Wrigley Jr. Co.—Earnings— Profit 6,988 31.383 receivable Other from Materials T,136,596 2,185,674 u 3,413,949 25,359 receivable Rents Unadjusted Receivable 94,317 from agents and conductors and ' car-service Miscellaneous ' accounts Material-and 2,649,562 receivable 60 Depreciation Net 2,117,921 Accounts v s of record of Quar. End. Mar. 31— Shares 308,621 ' — ; 7,565,461 —a. ., .:: 12,010,800 investments.- balance receiv. Net 7,160,196 -—.—- Temporary cash Special deposits Feb. value common stock, the par Operating profit Expenses - $ 94,695,794 2,252,711 — '42 "Jan. 1,'42 $ ■ S '218,100,498 215,243,419 7;'.". 95,316,210 Utility plant Capital stock expense Other physical property.——2—_; Investment in capital-stock of associated co.__ Other, investment —---i. V r Dec. 31, Aug. holders of record May 15, last, and 011 Feb. to 15 on Transportation Associates—Initial Div.— no (And Sheet, Dec. 31 r- .. 15, distribution new split-up, $3,093,635 "Reclassified.- and receive:^ accounts. "Combined corporate 157, dividend of 10 cents per share a May made was May 15, Worcester $3,108,210 $5,532,113 $4,904,338 credit of profit and loss to 11,431,645 11,660,126 2,178,000 1,679 Balance Transferred payable stocx, distribution (William) $813,843 ,. ——- prices.—V. contract war debt $1,065,050 - $815,522 deductions— Net of 157, p. 648. 50,550 — -r- 196,101 1,399,633 & other res, funds appropriations of income....—-——to sinking applied Dividend 2,931,971 647,000 income Income renegotiation April 27 declared on common similar March $19,067,674 $19,823,154 $5,460,191 3,024,985 Non-operai.ing loss w—< ,< , $5,227,208 — Gross $4,124,654 "$4,160,438 1943—12 Mos,—1942 1943—Month—1942 ; ... Operating $5,532,113 $8,279,460 contingent interest— capital to funded on charges fixed applied Interest •———- —— —. after Income Income charges fixed for j; 1,505,322 — Will & Baumer Candle Co., Inc.—10-Cent Dividend— The 104,250 tAmortization tax. revenues._ Taxes 78,751 contingencies post-war - 1368. deductions. expenses- Depreciation $9,788,652 income-.-..— from deductions available Income Fixed 811,798,077 944.735 income Miscellaneous Operating Operating 674,003 ; 22,930,312 4,930,201 13,875,457 2,262,015 income Earnings for the Three Months Ended March 31 Period End. Mar. 31- $9,114,649 $11,051,645 — 580,780,124 adjusts. "23,566,776 —— v- Net and post-war taxes asso¬ interest Net ■ 987,119,603 —-_L_—--L— Jj : Fed. tax___—17,376,667 refund of excess profits tax.—_ Crl.737,666 "After p. $3,251,536 ciated companies . rents , tax Net $19,866,968 $19,135,038 $3,111,696 long-term debt.: on Int. $16,899,802 $!8,085,372 5,848,157 3,970,724 operating income payable—Dr Railway Net 93,400 v. 2,955,648 (net 1 revs, 1942 282,387,969 profits An $?1 o?HSn accr.uals_^^^^^^^.; 14,961,300 ' Railway operations railway from revenue 81 226,690,198 „ before Post-war $2,627,898 income—. fOther Net March Ended billed.^:;.—^^----^-^----^-^*155.649,355 112,159,411 provision 1,814,400 2,751,640 -w--—i,. Non-oper. 20,270,700 25,005541 investment—Cr—-u-— for -unfilled A ?So^onr:;auhne::::;:ci::::::L-::: ssshss. Transportation , 1939 86,129 11,455,336' 2,150,000 Operating income 8,371,94. 9 401,440 1940 1941 $19,300,658 revenues. Depreciation operating Orders Sales Income -Earnings for Cal. Years- electricity—, $12,148,195 $12,800,315 $12,676,923 $12,226,747 gas__—u— 7,081,982 > 6,933,367 7,103,916 6,814,921 of : Other railway booked Excess EF1St°'>era""§ reVenUe5-:V Total Orders Income 1942 Quarter for Calendar Years Income Account for for 1943 been redemption as of June 1, 1943, a total of $750,000 of first mortgage bonds, 3ft series, due 1954. at 102 and interest. -Payment will be made at the Irving Trust Co., trustee, One Wall St., New York, N. Y.—V. 157, p. 904. : This was $6,82b, (91 Vj Results Virginia Pulp & Paper Co.—Bonds Called— have There . payment of fixed, contingent, and other charges. in excess of the. amount required for that purpose. Monday, May 3, 1943 of $31,280; accr. current $1,712,626; York accrued deposits County interest and Federal liabilities, total, and $2,403; contributions surplus, $138,205; on interest in aid $8,080,087.—• Youngstown Sheet & Tube Co.—50-Cent Com. Div.—• The directors have declared common similar 1942 stock, pa.vable disbursement were as was follows: a dividend of 50 cents per share on the June 15 to holders of record May 22. A made on March 15, last. Payments March 14 .and June. Sept.1 15 and .Dec. 15, 50 cents each.—V. 157, 15. - 75. p. 648. cents , during each, and i to called been have There for redemption for as of June 1943, 1, " Calendar Years Account for Income *1941 1942 Eai!rit°PeratinS ,eVenUeS- Westchester $68,449,908 $50,800,291 2,974,484 698,241 """"4 i. Ex^esT""^^ jLxpiess .'foa iqo Total 807,573 Incidental 1,ifq'414 320,424 Joint facility Total 359,41* railway — * —- oper. oper. Maintenance Maintenance rail line operations Miscellaneous General 6,889,880 8,371,947 1933290 1,868,145 investment—Cr_ for Non-oper. Gross Int. Net •—— rents 5,848,157 674,003 $11,798,077 $9,788,652 944,735 —- 78,751 $9,709,901 4,177,788 income. ' deductions from charges... fixed after $5,532,113 $8,279,460 ; $2,612,982 52,177 applied to sinking & other res. funds appropriations of income-——!—— 1,399,633 30.563 interest —— Income $699,180 1,254,000 for Federal provision premium less S and supplies— Rents receivable Other current 3,024,985 11,431,645 2,169,024 "3,114,275 $815,522 $1,065,050 $2,378,370 Gross 1 income— Non-operating 5,098 11,497 $1,059,952 $2,366,873 income 483,491 478,853 1,918,441 1,958,515 Other Other in 29,712 1,228,581 5,166,924 263,857,679 246,816,292 Audited and accounts rents suralus : 500,375 —' March Year and to 1943 1942 1941 1940 3,551,130 $5,660,638 2,011.251 $3,801,575 815,337 260,927 11,325,520 2,458,444 756,197 1,068,120 748,229 $4,958,104 1,665,490 941,820 railway— 22,486,969 15,546,023 13,336,176 railway— 9,579,380 2,781,709 5,098,963 1,984,553 4,055,535 2,208,224 oper, income— From Jan. 1— Net from Net ry. oper. 157, p. income— debits Total "After 144,277 75,164 916,106 1,033,891 — 896,317 885,114 57,387 rents, 52,758 154,150 —— 104,051,222 103,760,255 — — share—, depreciation, State and 46,184,000 income common stock outstanding.—V. 242,369 542,568 — companies ; and 110,425 construction———857,123 641,102 740,092 887,164 —6,502,279 _ 287,846 ;* 454,695 5,146,770 271,332 454,695 36,784,000 5,150,918 641,766 36,784,000 5,150,918 765,709 104,051,222 103,760,255 accrued Taxes 508,760 _ —_______ 739,953 accrued for Reserve for advances Customers' depreciation of plant utility and Injuries damages reserve— provident reserve aid of construction.—_—_—2,371,568 Employees' 2,364,111 Contributions in (836,000 no par shares)———— stock Common surplus Earned surplus —_— ,—— — Total -V. — 156, o'clock 12 collateral not I , of holders the . "149,260 132,184 141,815 ;v 227,846 $2,511,593 $3,498,297 $3,313,441 . v stock 1,126.878 702,258 — — 153,348 " 138,575 ,! 225,000 $1,712,912 $1,524,639 $2,371,419 $2,457,835 1,964,327 1,964,327 1,963,967 1,961.667 $0.87 —— cap. 761,954 ______ $0.73 $1.21 contingencies- out¬ excess Notes—(1) period have has received profits credit to the for from foreign 156, p. of 2, (less tax 1943, the the as rates at using by that states company computed year Profits of March one trustee, received Boston, bids 6r,'c 1st sinking fund gold bonds, series A, mtge. offer of for (& difficulties. submitted Motors Coach & Mfg. According will ,,matter revenues—— Federal Net Other inc. the to sale 1943 until it of to letter a operating income 674,175 839,580 stockholders of $3,318,987 and General $9,087,642 $2,268,894 V ' ! — Interest Net -V, income and $6,285,963 : oper.i—_ _____ 993,574 511,282 46,576 612,695 10,834 56,281 1,663,458 129,387 2,297,729 • - 27,249 190,767 $831,381 560,000 ,;•** 340,000 exps expenses oper. $3,785,478 1,552,000 840,000 $491,381 45,751 $2,233,478 78,751 $1,378,772 116,685 rev.—_ $1,360,973 income— $800,973 8,173 Drl5,219 Operating Equipment rents Joint facil. Income - ______ and their at 899,798 831,417 $1,288,317 —„_ — $2,010,821 $1,179,404 sales If such a plan p. York County Gas Co. 1943 Operating should $9,381,368 excess Net $6,004,760 5,298,531 $14,940,568 $11,303,291 367,840 Fed. normal profits taxes income earnings 1,184,739 525.747 158,680 687.420 260.478 and — income the tax me on will May not 13. it is stated 4731.—V. 157, be as that 480. p. (& Subs.)—-Earnings— for income State Net 1,418,686 136,842' 1,718,311 32.723 163,364 $2,218,772 income—net Interest Amort, long on Interest dividend of stock, Net taxes come Conewago $538,668 $2,361,786 $1,497,438 the loss, liabilities and $88,691 The Gas Co. If the Company had not had the required provision for Federal and State in¬ approximately $16,000. been have two 281,360 832,230 834,511 $257,308 $1,529,556 $662,927 of July 31, of two 1942, effected a merger of the assets companies (Interborough Gas Co. company subsidiary Gas Co.) to cents $20, per payable share April was 30 recently to merged subsidiary companies. Effective as of that date, in order have a- uniform depreciation policy for all property, the company $209,160 the policy of providing for depreciation of plant in service at rate of 2r/c per annum on depreciable property and of pro¬ the overall viding for amortization of utility plant acquisition adjustments at the same rate as that used for depreciable property. The adoption of this new policy had no material effect on the aggregate provision as com¬ $497,369 $265,269 1941. puted in declared holders of on record 011 April 28 declared a dividend of 1942 31, $1 per share on etc., $4,019; capital stock deferred charges, $192,550; (par $3,293,300; discount ($50,000) total, $8,080,087. and (par $100), $1,500,000: $101, $1,200,000; long term debt of York County accounts payable, $37,882; accrued interest on security deposits and interest accr. Federal and miscellaneous current liabilities, $2,403; deferred liabilities, $9,459; reserves, $1,712,626; contributions in aid of construction, $38,509; earned surplus, $138,205; total, $8,080,087.—■ V. 157, p. 480. term accrued stock, stock Co., State preferred Robertson, Chairman, Dec. Liabilities—7% cumulative first preferred stk. long disclosed that Westinghouse production, as measured by sales billed, had increased 39(1 in the first three months of 1943. as compared with the same period last year. Un-, filled'ofders,'likewise, show" a large increase'over the:first quarter' Of; 1942 of 70ft, i .5t ." ') ii"... , *}U *• W. $84,669; common cents. A. insurance, prepaid expense, directors Sheet, plant, $6,386,250; investments and special deposits, $669,174; cash, $412,609; accounts receivable, (less reserve for uncol¬ lectible accounts of $38,038), $253,527; materials and supplies, $77,290; , common the original cost of utility incident thereto for company and and also recorded Assets—Utility par $50, and on the 7% cumulative and partici¬ stock, par $50, both payable May 28 to holders of record May 11. Like amounts were disbursed on Feb. 26, last. During 1942 the following payments were made on these issues: March 4 and May 29, $1 each; Aug. 28 and Nov. 30, 75 cents each, and Dec. 22, the $105,368 Co. due to the loss on the sale of the investment & Hopewell would and 14,254 the such of 57 14.415 expense. —_— of Petersburg benefit 264. pating 191,499 120 and for Federal and State income taxes in 1941 repre¬ subsidiary companies. No provision was required provision 45,801 Regular distributions of like amount were made on Jan. 15 and April 15, last. Payments in 1942 were as follows: Jan, 15, 20 cents; April L5, 40 cents; and July 15 and Oct. 15, 20 cents each,—V. p. 175,447 — debt York County Gas for debt—— term discount income those sents 94,513 275,246 20 46,067 $311,177 Dr43,820 $546,768 par 23,433 —_ Balance extra $265,110 $278,674 —•___— unfunded on of debt $1,451,637 expenses common 16,055 $255,241 — — £>r44,956 Whiting Corpv—Pays Extra Dividend— the 34,457 excess — Balance $2,267,273 :> include accrued amortization of defense projects of $85,280 for March, 1943, - and $69,220 for March, 1942; also $255,840 for the three months ended March 31, 1943, and $163,103 for the three months ended March 31, 1942,—V. 157, p. 1279. April 22. 41,096 112,743 10,726 62,326 earnings Other $991,886 522,424 33,523 (ho taxes ' 53,802 — — and . 102,051 _ — depreciation—— of utility plant acq. adjusts.. amort, taxes 1941 1942 $1,074,033 ^ —— for Provision Prov. 1942) 556,364 $521,877 16,791 ——_ ______ Note—Operating 50 Note—Federal income-and excess profits were computed at the rate estimated to be applicable: to the year 1943.—V4 157, p. 1368._ l i 0' of question meeting be evolved, revenues—gas Maintenance adopted 1941 6,886,223 Total net sales for but the annual Operation 597,265 Westinghouse Electric & Mfg. Co.—$1 Dividends— 1942 $8,054,345 . Net earnings Prov. assets because stocKnuiuers, mua Years End. Dec. 31— Gas (retail! (wholesale) the postponed Yenow January,, General Drl5,255 $793,927 income charges Net 157, 157, p. 1278. sales all acquire keen to preferred and $822,014 (net) inc. Income Fixed Western Auto Supply Co.—EarningsNet tax subject large percentage of the preferred and Class B stocks outstanding. Motors offered to exchange its shares for the Class B stocks of Yellow Truck & Coach Mfg. Co. held a Last 28,087 rents oper. ry. Gross 103,345 $2,188,115 deductions Quarter Ended March 31— Net amount meeting of stockholders will be called to act upon it. For General Motors has held all the common stock of the company Note—As Net $1,907,476 ——5,996 — —— other 1943 profits -• 199,845 571,059 42,390 822,971 9,446 62,682 equipment.— expenses Miscellaneous An Gross excess special a years, 668,050 $2,182,119 _4_—. 778,314 788,185 — profits taxes. revenues— 571,652 773,538 — 6,857,715 619,290 _ i_—_i——___,— excess to has profits tax payable; 1942 7,655,286 _ and the Excess profits total Co.—Merger Postponed— Corp. Co. under consideration, remain to .problems involved. 1943—3 Mos.—1942 1943—Month—1942 449,466 Transportation $12,857,998 $11,457,382 _—_—— the originally intended. It is reported that efforts will be directed toward working out a plan that will preserve as far as possible the funda¬ mental basis of the original offer and at the same time meet the tax in Mass,, Subs.)—Earnings— :—— taxes for taxes effect. of 1096. General Truck Ye.low General series A bonds.—V. 156, p. 1424. be paid on the Western Maryland Ry.—Earnings— Other revenues—: Depreciation of $138,576» subsidiaries not consolidated were $39,408 1943 as compared with $71,411 for the like of p. Yellow Truck & Coach Mfg. The "The 12 Mos. Ended March 31— General $1.25 $64,657. of in arriving at the plant and made certain adjustments Maintenance income in now quarter measure foreign quarter period.—V. 157, .'"Federal Net ~ Operation refund post-war (Including Subsidiaries Merged During 1929, will also 1943, Traffic 1696. Boston, Washington Gas Light Co. Operating subsidiaries, profits tax. excess for The been determined been . which carry accrued interest amounting to $24 per $100 of bonds, will vote June 15 on approving a proposal which provides for the issuance of $120 in new series B bonds and the payment on July 2, 1943, of $4 in cash in exchange for each $100 of series A bonds surrendered. The semi-annual Interest due July 2, Jan. Maint. bonds, series A, due Feb. 1, 1956, at prices and interest. The trustee had prior to April 21 sinking fund available for purchase of the bonds. 1368. $3,035,595 excess (Includes 100 the in 15.7, p. 21, $3,356,482 $1,247,184. Grain Co., Ltd.- -Plans to Wipe Out Interest Western Accruals— 91,739 iVz'i trust $131,981 —V. April Noon, exceeding Bank 174,540 $2,379,409 by the public.—(See V. 157, 1696. p. Taxes National and ,,.1940 ' $4,027,812 dividends 3,475,000 — associated payable Warren Brothers Co.—Tenders Received— First 187,954 c 46,184,000 2,475,000 sundry accruals —437,649 Payables to associated companies——— 554,348 Customers' deposits 101,317 1942 $0.30 $0.21 and social security taxes and estimated profits taxes. tOn 424,600 shares of Federal The 2,274,029 173,933 $3,878,552 — "Includes 1942 from Advances $3,724,007 ,___ , excess $5,534,164 2,455,979 standing (no pari— Earnings per share ' debt Long-term 126,945 — — per 1941 $6,000,415 184,754 (net)—— profit 147,318 etc Liabilities— 1943 $4,322,312 profits (Earnings — funds— — Maintenance of way (& Subs.)—Earnings— Quarters Ended March 31— —— 1942 2,277,691 — Income for * $4,831,033 1943 _______ income * Subsidiaries) Domestic $5,945,214 •: ______ Foreign exchange loss— 2,073,565 —— company structures sales 2,172,420 1,826,763 and insurance, Operating Waldorf System, Inc. "Net Fed. 18,609 2,117,921 supplies , 42,150 42,150 18,609 Period End. Mar. 31— 1568. Total Wholly-Owned 1,881.903 income Total (2) dated Date $8,055,579 from 2,252,711 : associated from deposits Special The railway.—_ from from ry. — railway.—_ March— Net 7,560,794 263,857,679 246,816,292 —_ Railroad Company. for Earnings per share was made April 23 stock, the result of a 10-for-l stock April 24.—V. 156, p. 2312. 39,802,160 —— Wabash entry 5,604,603 41,950,025 —— Net 308,621 1,613,905 1,308,186 —_—_____— Total "Opening 318,707 , ———_—580,253 — Other 2,254,851 capital stock of associated co,__ Capital 313,148 13,465,594 —_____ credits Coraorate 45,750 1,399,633 —— — liabilities liabilities Unadjusted _______ accrued liability current Deferred — declared———— dividends Unmatured tax > payable.—: accrued—_____ interest Unmatured Accrued 1,508,502 payable wages 546,286 2,489,947 78,825 3,616,320 • 0 unpaid..—... matured Unmatured 2,459,923 205,030 1,062,785 balances—Cr______—__ accounts Miscellaneous Interest 308,621 property— and 94,695,794 95,316,210 expense receivable. Interest ,* 102,832,709 103,016,495 : car-service and Traffic 28,180 _______ debt term 89,182,917 89,182,917 construction— of Associates—Initial Div.— Wrigley Jr. Co.—Earnings— — Shares $ . aid Profit Net 1941 S _______ in Receivable Prepaid 183,853 stock Grants Depreciation 31 — Deferred 15,752,888 1942.— 28, cents 60 of record Quar. End. Mar. 31— 6,988 10,145,659 * Dec. investment 3,410,949 — ....—_ Sheet, :x physical 2,185,674 31,383 — $1,135,120 $448,432 $581,099 $330,352 _ stock 25,359 Liabilities— —-V. :.v 1942 4,242,796 — — of Expenses— $3,093,635 deductions- 2,316,337 ______ 39,178 Total 1 14,575 1,679 $813,843 loss income Accounts 1,1361596 and Dec. 16 value common par holders Operating profit $3,108,210 647,000 ___. Operating Accounts Capital no to (And 11,660,126 2,178,000 2,851,178 Taxes Materials 1,941,842 •— ———— debits Unadjusted new split-up, (William) 739,701 Depreciation Investment 2,649,562 Nov. 15, Aug. , distribution initial the on 1943—12 Mos.—1942 2,931,971 619,000 "844,170 Cash 94,317 assets assets Deferred S ' 7,565,461 — receivable—— dividends and Interest '42 12,010,800 cash investments—: deposits — and' car-service balances—Dr——— Net balance' receiv. from agents and conductors Miscellaneous 1 accounts receivable—— Material "Jan. 1, '42 7.160,196 Temporary 15, May * (Amortization of debt tax. $5,532,113 218,100,498 215,243,419 _____————. Traffic Gross $1,277,049 1,254,000 $5,460,191 $19,067,674 $19,823,154 $5,227,208 Utility plant Special Gross income 1,463,000 » 1943—Month—1942 expenses- Capital ———— . — 15, Worcester Transportation miscellaneous deductions. and revenues- Assets— Assets— Cash April 18, 157, p. 648. Prov. $4,904,338 Dec. 31, Investments distribution "Reclassified.- Sheet Balance General April 27 declared a dividend of 10 cents per share payable May 15 to holders of record May 10. was made on Feb. 15, last, and on Feb. 16, stocx, common March V. prices.—V. 157, contract war Baumer Candle Co., Inc.—10-Cent Dividend— & directors on similar 50,550 $1,662,660 $1,129,571 836,000 _______ —1 "Including expense Net corporate and receivers' accounts. Combined Other 1,834,200 of renegotiation for _ $4,124,654. "$4,160,438 — profits taxes _—(2,176,324 196,101 credit of profit and loss——_ to Transferred ______ 1,505,322 ■ tnc on 104,250 104,250 27,425 $3,266,049 104,250 " 20,574 1,834.200 Balance Long 14,513 1,452,669 Dividend 13,875,457 — contingencies^--—. — provision Will The $3,251,536 $3,621,684 1,834,200 $3,098,584 1,832,200 Income 326,719 applied to capital fund——-— funded debt, contingent interest- Interest on * 13,113, income———— Operating 2,573,881 Income 14,916 Operating Fixed Income (net»__ $3,629,199 Dr7,515 Period End. Mar. 31— $10,853,341 Income post-war advs. from asso¬ on Net $9,114,649 746,432 income Miscellaneous for Earnings for the Three Months Ended March 31 income Total $3,111,696 An $13,085,372 3,970,724 $16,899,802 $11,051,645 Other $2,627,898 revs, Dividends operating payable—L Railway Net income.—_ ciated companies. 5,110,863 14,961,300 accruals————————— tax 3,035,786 $31,861,102 $18,196,235 operations—— railway from revenue 1,914,400 3,084,626 long-term debt. on Int. tOther Railway 17,376,667 Crl,737,666 — — 1368. p. A 1,743,570 99,171 2 988 897 expenses Transportation 2,172,225 2,955,648 ———— — Operating 292,226 . *——-- tax— income Net 11,317,492 1,814,400 2,751,640 11,287,583 2,150,000 Depreciation 8.221,28b 11,455,336' 11,567,112 20,270,706 Transportation, —___ Provision $19,300,658 $19,823,883 $19,866,968 $19,135,058 revs.— expenses—— : — refund of. excess profits tax. "After 'I'mMB $56889880 -« revenues. profits Post-war $12,148,195 $12,800,315 $12,676,923 $12,226,747 7,061,982 6,933,367 7,103,916 6,814,921 90,481 90,201 86,129 93,400 gas—— Operating "Taxes operating revenues! of way and structures.^.—. of equipment —_ 1939: 1940 1941 1942 booked 1,438,896 OQH QS4 Miscellaneous ___ of Other 4.93,631 822'615 i Sales Cal. Years— Co.—Earnings for Lighting Operating revenues: Sales of electricity—. 1942 1.... s $ -v 226,690.198 232,387,969 orders -unfilled :—L—U—1—J 987,119,603 580,780,124 Sales billed _._."155,649,355 112,159,411 Income before Fed. taxes and post-war adjusts. "23,566,776 22,930,312 Income tax 2,262,015 4,930.201 Orders Excess This was $b,826„791 payment of fixed, contingent, and other charges. in excess of the amount required for that purpose. 81 1943 '■ .v: $750,000 March Ended Quarter ■'! total a of first mortgage bonds, 3% series, due 1954. at 102 and interest. Payment will be made at the Irving Trust Co., trustee, One WallSt., New York, N. Y.—V. 157, p. 904. of for Results Pulp & Paper Co.—Bonds Called— West Virginia non-operating agreements with the operating organizations and the organizations in the amount of $3,075,485. tn.qfl n77 Total revenues less total expenses during 1942 left $11, '98,0 i(7 Monday, May 3, 1943 FINANCIAL CHRONICLE THE COMMERCIAL & 1656 debt, $53,622; customers' thereon, $3,431; accr. general taxes, $31,280; income taxes, $59,369; Y'oungstown Sheet & Tube Co.—50-Cent Com. directors The common similar 1942 stock, have payable disbursement were-as declared a Div.— dividend of 50 cents per share 011 follows; the June 15 to holders of record May 22. A made on March 15, last. Payments during March-14 and'June 15. • 75. cents each, and was , Sepf) 15 and ;Dec_ 15,. 50 cent:* each.—V. 157, p. 648. t ,