The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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MONDAY
<1-;.
.-
*V
v
iMiissB ii;
1945
.
.
.
.
v
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1
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,
isaiiii^^
m*
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-
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^SSS
RAILROAD
PUBLIC UTILITY
-
Adams Express Co.—Quarterly Earnings—
Akron
Canton &
payment
of
August 1.
the
4J/4%
company's
debentures
at
their
maturity
Net assets
of
Net assets
I
of
stock
common
$48,477,179
1,477,187
stock
common
$32.81
$6,883,500 4 Vt CU debentures
has been provided.
due
$29.98
August
1946
1,
expenses
Interest
contribs.
curr,
to
for
retire,
plan.
on
Bankers Trust Co. loan
Provision for Federal income taxes
Provision for other taxes
Gross
from
Net
from
99,307
5,578
Net
ry.
—V.
Securities
Corp.
^Amount receivable for
Great
Southern
9,685
368
323
1946
ry.
6,903,914
6,903,914
$40,364,629 $41,215,675
taxes
for
and
2Vic/o
loan—(Bankers Trust
fr Common
94,018
stock
(par
38,176
Co.)
1954
~
$1)
1,375,500
4,633,500
1,477,187
37,260,691
15,780,678
surplus
& 10-year
172,489
1,241,500
1,477,187
Capital surplus
tSurplus
(Deficit)
Earned
$163,782
86,505
172,181
1,241,500
1,375,500
3,133,500
bonds, due June l, 1947_
bonds, due March 1, 1948
trust Vb
37,260)691
16,432,397
4,353,418
Z.ZIZZ
4,454,444
414'i
debentures, due August 1, 1946,
to which U. S. Govt,
obligations have been
deposited with trustee to provide for
payment
at maturity
(contra)
Total
♦Other
6,883,500
6,883,500
than those deposited to
provide for payment of
10-year 4V2fo
maturity, separately stated.
tArising from transactions
1, 1935.—V. 163, pp.
773, 893.
Air Reduction Co., Inc.
sales, less discounts,
Operating expenses
Provision for depreciation
Net
Other
income
Net
for
income
(less income
Federal
ZZZZZZZZ
Gross
707,839
700,430
992,371
Dividends
*"100,073
145,280
140,990
277,788
Appropriation
from
ry.
3,510,449
441,$17
5,841,804
5,478,341
5,445,005
2,374,038
2,300,359
2,591,136
106,910
525,448
516,781
per
—V. 163.
P.
Aireon
The
shares
p.
$1,422,947
2,736,856
175.219
2,229,724
2,736,856
$0.29
♦Deficit.—V.
its
60-cent
made
at
cumulative
the
redemption
convertible
on
June
preferred
30
next
Trust
Co.,
Los
disct., prem. & expense
50
$6,937,086
special
2,268,986
property
2,268,986
1,265,701
j>|
800,000
$3,402,399
f\
reserve.
*
Chauncey L. Waddell, Executive Vice-President of
Herrick.
& Co., Inc., has been elected a
director.—V. 163, p. 1853.'
Aldred Investment Trust—Sells
Suffolk
Downs Stock
^
Racing. Association, Inc. below.—V. 163, p. 1853.
This
H.
Issue
;
York
Stock
Exchange
Page
2449
(Stocks)
New York Stock Exchange (Bonds)
New York Curb Exchange.—
2461
2465
Stock
Exchange
Boston Stock Exchange
Chicago Stock Exchange
—2470
2470
2470
Allied Products
$5
par
par
common
shares
Net
from
Net
ry.
St. Louis Stock
.i—2473
Exchange
.—2473
Montreal Stock Exchange
Montreal Curb Exchange
—.2476
2477
Over-the-Counter
2474
Section...2476
Markets
2478
Transactions New York Stock Exchange—2460
Transactions New York Curb Exchange
2460
Net
1946
ry.
2460
1945
1944
1943
$3,564,048
$3,163,876
1,054,322
$3,172,047
c
1,461,353
746,833
(*745,135
From Jan. 1—
.
from
railway.
railway
♦Deficit.—V.
163,
•"
r
9,295.268
*390,185
1,335,672
f„;...
"'v
Foreign Exchange Rates
2480
Federal Reserve
2480
Banks.——
Condition Statement
Ended—
Nine Months
(Del.)
Waddell
Federal Reserve System
2480
profit
Depreciation
Depletion of
April 25 filed a registration statement with the
SEC covering 40,000 shares cumulative preferred stock
(par $100).
Dividend rate by amendment. Underwriters are Lehman Bros.
Of
the proceeds $l,500,0d0 will be used to reduce company^ outstanding
$3,000,000 2% sinking fund debentures to $1,500,000 and the balance
will be added to working capital to provide for increased inventories
and receivables in the future expansion s! the business.-—V. 163, p. 1853.
company
plants
mines
est.
Fed.
*1,450,000
share
excess
506,544
35,937
33,694
1,560,009
$995,030
$0.32
$0.25
—56,928
reserve...—
income
and
exc.
31,853
,
prof, taxes
profit
per
59,831
$1,589,042
to
for
$3,131,205
582,130
—
;
,
profits taxes of $478,000.—V. 163, p. 461,
/
'.yj: OK-
American Bank Note
Co.—Earnings-^-1946-
Quar. End. Mar. 31
Prof. fr.
Company
$857,969
V
Consol.
$1,219,336
94,689
Company
$734,790
63,447
$981,371
78,840
$795,020
$1,124,647
$671,343
$902,531
12,009
24,086
16,731
$807,029
90,067
bef. depr.
$1,148,733
$688,074
Depreciation
Balance
Total
-1945Consol.
62,949
oper.
income
deductions
110,895
$948,029
30,462
—V.
profit
162,
p.
3,460
•*
■
■
439,311
$431,962
$593,309
r?
$194,612
''1:t•'«-,T|
584,180
463,000
-
$318,411
2265.
American Bemberg Corp.—Partial
The
shares
Redemption—
corporation has called for redemption on July 1, next, 700
its outstanding 1% preferred stock at $110 per share and
of
dividends.
Payment
will
be
made
at
the
Bank
of
the
Manhattan
Company, 40 Wall St., New York, N. Y.—V. 161, p. 1989.
..
...
Municipal Bonds
•'!
i
K
Stocks, inc.
IIIVIIISIIIKII
INDUSTRIALS
INVESTMENT FUND
Kobbe, Gearhart & Company
V
prospectus on request
MUNICIPAL DEPARTMENT
HAnover 2-2600
new york
ELECTRONICS-
Established 1922
Bell Teletvve
INCORPORATED
Members
NEW YORK 4, N. Y.
NY
1-57S
i
41,978
5,218
285,000
taxes
45,498
.
on
RAILS
New
York security
•
Dealers
Association
45 NASSAU STREET, NEW YORK 8
Telephone
Enterprise 8015
Bell Teletype
Philadelphia Telephone
REctor 2-3600
,
A
"
$3,773,160
$3,648,465
520,643
of
insurance
Net
Aldens, Inc., Chicago—Registers with SEC—
.
■
$4,243,922
522,743
72,713
Net
Other
FLORIDA & NEW JERSEY
Co
I
/
(& Subs.)
SPECIALIST IN
&
A
Mar. 28/46 Mar. 29/45
Miscellaneous income-
of
of Member Banks
,I
■
l
General Corporation and Investment News.2429
...2479
y
l\
•;; l\
1997.
p
Gross profit from operations.
General
and
administrative
expenses.—
Provision for loss on doubtful receivables-
Earned
Redemption Calls & Sinking Fund Notices.2480
2481
.
-v.
9,121,130
9,051,138
3,199,050 ^3,848,524
1,356,555
1,724,754
3,142,582
American Agricultural Chemical Co.
♦Includes
Dividends Declared and Payable
The Course of Bank Clearings
<
-Earnings—
Prov.
State and City Bond Offerings and Sales...2492
•
! %
" "
610,399
■
'
r
-
1,340,977
442,781
■ ■'
..
7,659,585
-l 554,831
,
income-
oper.
Additions
Stock and Bond Averages...
Z
\
$2,893,564
♦357,920
railwayrailwayoper. -Income.
Net
Pittsburgh Stock Exchange
split-up.—V. 163, p. 1717.
RR.—Earnings-
from
2472
——2473
April 23 approved the listing of 250,416
substitution for 125,208 outstanding $10
two-for-one
a
from
Gross
Exchange
:
on
in
to
March—
Gross
2472
2471
shares
pursuant
■■
,•
'S
Alton
2471
Stock
,
Corp.—Listing—
The New York Exchange
Detroit Stock Exchange
Eos Angeles Stock Exchange—
Philadelphia
.
G.
Batcheller, President, on April 26 stated that the company
earnings during the first quarter of about 20 cents per
share, with a high volume in March offsetting losses In the strike
months of January and February.—V.
163, p. 2285.
Stock and Bond Quotations
New
,
achieved
>*,
Telephone
t
163, p. 2285.
See Eastern
The
Calif—V
'
80 BROAD STREET
i
"
$2,921,240
to
Balance
—V.
profits
Pavment
Angeles'
2149.
Allen
*
"
.....
Pfd. div.-foreign subsid.
Prov. for inc. and exc.
Airline Foods Corp .—(New Director—
e
;
-,
$5,990,226
preferred stock
on
1 200
at'$12
stock
amounting to 10 cents per share
California
t
■,
Control at Auction—
Manufacturing Corp.—Partial Redemption—
for
IS
$8,983,350 $10,044,120
2,857,185
2,937,041
89,961
92,680
45,976
77,312
Net income
163, p. 1853.
$0.52
1717.
corporation has called
of
outstanding
share
share, plus dividends
be
$3,827,890
income
stock
$3,629,772
198,118
$1,480,849
171,769
522,355
income.ZZZ?
I
673,373
railway
railway
income—
oper.
Miscellaneous Features
$786,725
on
profits taxes
Other deductions
;:"80,313
from
Net
1945
$1,324,928
155,921
charges).
taxes
of shares of common
Earnings
163.
—
excess
2,999,970
4,099,376
1943
Net
$16,382,025 $23,784,624
14,374,483
19,156,470
682,614
998,382
expense
Provision
will
—
income
Interest
per
etc...
operating
Total
No.
1946
returns,
debt
$1,957,854.
(& Subs.) —Earnings—
3 Months Ended March 31—
Gross
of
1944
securities since Jan.
in
3,488,017
390,128
long-term debt
on
$1,819,097
Toronto
$40,364,629 $41,215,675
debentures at
1945
Toronto Stock Exchange
Stock Exchange—Curb
as
w
and
13,038,277
3,373,190
"■■wan
Cincinnati Stock Exchange
Cleveland Stock Exchange
$14,611
expenses
contingencies
Coll. trust Vv
Federal income
$1,872,090
income—.
Baltimore
LIABILITIES—
Coll.
-
40,787
57,616
receivable—other
Amount payable for sees., purch—not
rcvd._.
f; Accrued interest incl. unclaimed matured int..
depreciation
plant acquisition adjustments-
$1,148,177
from
railway
from railway
2,755,194
123,826
(contra)
12,320,675
General taxes
Amortiz.
RR.—Earnings—
1945
$32,281,518 $32,123,863
Gross income
2,267,984
sold—not delivered
sees,
for
1946
'
—
244,691
496,024
211,251
77,453
In
2,267,984
cost
Total
M
420,687
222,617
197,827
March—
oper.
MM"
-Earnings—
31-
Amortization of
Dec. 31/45
S. Govt, bonds, 2*4^,
1959-1962, deposited
with trustee to provide payment of $6,883,500
v-Reserves
112,003
1,056,530
449,315
Interest
Gross
March
Allegheny Ludlum Steel Corp.—Earnings—
2,290,717
[;*U, S. Government obligations—at
Accrued interest and dividends
Accrued
75,797
1,149,305
1853.
Alabama
$21,876,724 $22,333,281
6,691,411
6,656,575
200,000
200,000
?, Cash
V
&
67,665
1,303,416
income—
oper.
163, p.
Ended
revenue
$116,375
Mar. 31/46
portfolio securities
American International Corp
debs,
Provision
11,202
Gross
securities.
N General
U.
Operating expenses
978,883
railway
COMPARATIVE CONSOLIDATED BALANCE SHEET
t--
196,816
49,163
5,328
8,234
$101,027
in
ftj± ASSETS—
at
145,557
Mos.
.
railway
Net
46,057
5,000
♦Before profit and loss and transactions
Accounts
$413,447
21,564
^Net income
Adamex
$402,200
12
From Jan. 1—
1945
$275,301
99,307
empl.
Interest
[
$446,607
176,966
railway
oper. income—
Net
49,050
3,750
bonds and debentures
on
$362,132
railway
Net
CONSOLIDATED INCOME ACCOUNT
Three Months Ended March 31—
194S
Total
income
.•
$285,276
f Prov. for
1943
$44,293,900
1,477,187
outstanding
share of
per
payment
General
>
applicable to
shares
""Exclusive
&>
.f which
1944
from
ry.
Alabama Power Co.-
1945
From Jan. 1—
31,'46 Dec. 31/45
Total net assets before deducting funded debt- $54,227,679 $51,544,400
♦Funded debt and bank loans
5,750,500
7,250,500
Number
Net
Net
from
MISCELLANEOUS?
-
1946
on
1946.
Mar.
^
March—
Gross
INSURANCE
-
Youngstown RR.—Earnings—
The
following tabulation indicates the asset coverage of company's
outstanding securities at March 31, 1946 compared with Dec. 31, 1945.
$The total net assets does not include $6,883,500 of the market value of
U. S. Government 2Vt%
bonds 1959-62 deposited to provide for the
WMMP
INDUSTRIAL
-
HUGH W. LONG and COMPANY
INCORPORATED
48 WALL STREET Z,
NEW YORK 5
New York 1-516
/
" 'yO V'--
634 SO. SPRING ST.
LOS ANGELES &4
("4" '
*
; 4J:=' : - •
furnish
g American Bosch Corp.—Earnings—
mgm
of sales,
selling, admin, exps.,
amortization—.
etc..
bef. post-war res. and Fed. tax. on
Provision for Federal taxes on Income—
to
Loss
reserve
for
for
$575,696
;fe
Cr218,000'
for
811,000
period
$357,696
During 1945, the item Depreciation and
tizat.on
which
tne
(at
annual
rate
of
20%
Amortization
of
»
war
included
facilities,
the
The
three
months'
loss
before
Federal
taxes
expected
is
11
w
on
be
May
called
of
the
on
American
1
announced
late
the
basis
this
that
month
spec al
a
to
change
a
Products
of
American
which
Home
Products
manufactures
be Alvin
stock.
Off'ers
fiquid flavoring and
v
tne
food
•
Burnett
coloring
Quars. End. Mar. 31—
lore
net
provision
has
at
year
for
tJ.
S.
reflected
been
the
in
this
made
rate
income
taxes
quarter
since
would
and
1946
1945
plants involved were resumed before the end of the
quarter.
One plant presently is closed by a strike.
During the three months, unfilled orders increased
$2,816,000 to
$28,558,0C0.
STATEMENT
OF
INCOME
QUARTER
ENDED
MARCH
1946
Net
sales
Income
1944
$4,247,918
Income
Depreciation
depreciation,
and
and
excess
amortization
profits
792,423
2,527,936
463,187
amortization
774,081
$329,236
1,060,000
income
COMPARATIVE
BALANCE
U.
S.
pointments
surance
note
refund
bonds
Receivables (less
and
excess
profits
TJ.
S,
Harold
4,209,769
6,724,656
11,190,260
Deferred
charges
refund
and
sundry
2,109,420
Subsid aries
Other
640,217
705 847
not
814,776
389,515
2,097,423
15,414,601
(tess
15,755,147
$48,333,245 $47,967,395
LIABILITIES—
of
Co.,
Newark,
retired
Co.
the
163,
aiiuiate
The
that
S5.331.5C5
taxes
Pmitredi
stock
(5«/«%)
—
t
170*924
1
1*.238*,760
9,800,000
12,886,225
7,074,313
„
Common s.ot-k
SPi,5l surplus
2&SL
Ea.ned
$4 741 280
944,979
1,238,760
Bes.rves
Insurance
companies
the
9,800,000
12,386.225
net
In
such
(before
based
in¬
The
and
American
tne
of
none
the
Indemnity
Dixie
his
nre
duties
The
American,
of
Broadcasting Co.,
to Public—
Inc.
-Plans to Offer *Shrs.
company
in
the
ownership
,?4 by Edward J. Noble,
a
wwl offer
suostanrial
this
of
to
bank
quotations or
$26,680,415;
possible
any
had
loan)
this
has
merly
of
Federal
otner
income
"nd
its
of
shares
for
wbwi.nLVi
television
broadcasting.
?
A
of
a "mnber of shares, to
a later date, will be offered to the public and
radio
stations
affiliated
with
the
be
&n-
also
to
retire.
emp.
will be included
»fSnre^SSfF^^2SiWl11
»
"IP y™er?}
bie applled t0 expanding the company's
,° !mprovin8 and developing network facilities, to
ban* indebtedness and for working capital,
g
be made by Dillon- Read & Co. Inc! and
f!'
^
°
S5lan* win" *^if8rf°hP °f ,nveftment bankers.
mSion ind fhn ^icfPprova ofwthe Perioral
-
Consummation of the
Communications' Com.
i
Sctog^?mssL
The
announcement
I;*43' tb« network
owned
three
.
and
nOT MCUr"'eS wlth the Sec»,rltles
further
said:
had
168
affiliated
stations—WJZ,
n?aJ? were' Chicag0,
2
New
stations, and it
KGO, San
York-
Its Sross billings
aPPrcximately $14,000,000.
W
«
ere appI^imately $40,000,000
Tf)d&y the
Umr
^^ Z^lrJLStatlTi fading
1944, and including these
fmncHased
for
In
the
full
man-
Fran-
calendar
1945. the network's
manages
in Los Angeles,
stations,
has
5er"ce
t0
ree'»zert
and
trans,
""in
1946,
in
4
on
•
transactions
204
m°*e
U.
wiil
was
affiliated
the
three
of
Net
interest
receivable
Accounts
BALANCE
-
company
announces
SttpenrtBOr
y
Daring
the
of
Dec. 31. '45
211,961
Frederick A.
Stevenrcn,
past
V.rSapf°2mWar
year
Mr.
Stifeve
«fa «ation i"ePoi'ts
the
R.
w.
Stueve
capacity
President.
has
been
contracts for the convenience
| American Cities Power
Dec.
of
this
in
charge
hTwfll
of
aw
of the Government.—
and
dividends
for
receivable,
The
sold,
not
first
profits,
44,732
999
1,279
$18,026,988
for
Common
Capital
ree.
39.007
34,315
60,000
1954_
4,600 000
(1,000,000
5.350,000
1,000,000
1,000,000
2,531,186
shs.
no
2 531.186
par)
/.
surplus
fund
163,
p.
of
9,047,773
Bank
the
value
of
the
elass
B
Co.—Call36% Pfd. Stock
the
City
of
cumulative
New
York
preferred
1946
586,408
income
—.,,#1,109,524
Adm. & geri. eXp., etc:_
Federal &
foreign
intaxes
Minority
Prov.
Net
101'
—V.
163,
Contract—
for
1,077,989
$20,-1
$200,818,944, exclusive of Rustless.
extraordinary and nonrecurring ad¬
equivalent to $2.58 per share of
1944, before, deduction for contingency!
equivalent to $1.84 per share of
common|
amortization
period
under Section
124
the!
of
the
the]
against
contracts
income,
a
for
capital
additional]
resulted
in
a
reduction
ofl
corresponding increase in net|
1944
completed and no re-4
$16,916,292—from $64,-1
was
increased
1
together
suit
with
the
of
owners
certain
rolling!
with
approximately $200,000 of
the
[
;t»|
extraordki-|
through a reversal of the reserve for contingencies!
such net eost.
Also, the directors authorized
the]
the contingencies provided in prior
years.
to
$2,375,000 of
to
the
in
resulting
cost
from
1945.
second
the
Such
there
The
of
were
was
termination
refund
adjustment
first
emergency
three
a
of
amounted
involved
the
other
the
to
Dec.
1944.
547,032
2,119
3,013
443,025
$468,526
$447,351
$S56,277
At
pan.v
1945.
by the
when
the" entire
loan
was
the
edness
balance of $13,500 000 was paid off.
obtained
from
three
commercial
then
J-
&
1
maturing
in
eight
annual
em-1
A new
banks,
instal¬
consummation
of the merger/ the Rustless bank loan bf
an interest rate of 2%
per annum, was paid off
and a new loan of $3,500,000 was secured,
bearing an,
$15,566,600.
The merger
X-
ad-1
;
carrying
comoanj7.
(interest. r»te of .1%%,
-
un~|
beginning of the year, $17,000,000 of debentures of the com-l
were outstanding, of which $3,500,000 were retired
up to Sept
$3,500,000,
company is offering jo, common, stockholders of
record, April
23, 1946, the right to subscribe for an
aggregate of 49,602 shares of
additional common stock (no
par) at $20.60 per share on the basis of
in]
the
bearing a 1%% interest rate and
ments beginning Sept. 26, 1946.
The
of
appreciation of $3,551,101. which was written off; and
the]
prem'ums of $71,390 paid bv Rustless Iron & Steel Corp., 01
With these
$12 060.000
$0.62
period
balance
redemption of its preferred stock earlier in the year.
justments, net income to surplus was $13,392,196.
122,978
claimed]
tt>|
prior
years
amortization
third
was
refund
the
$4,850,040.
31,
a'd-l
nonrecurring
Federal tax
facilities in
650,352
307.534
$0.26
above,
1245.
additional
amortized
$2,499,701
2,730
tajb wrt
to
in
arising out of
addition
September,
774,
hf '■■t t •«//
of
the
1945,
$1,421,713
699,061
'
14, "1946.1
June
on
preferred outstanding
$9,414 647,
patent
a
justments made
1943
American Mai! Line Ltd.—Stock
Offered—
•
of
corresponding
101,141
$0.30
called
amor¬
has been eliminated
5,269
$0.04
be
be
company's war activity, was
charged]
the current year and was all deductible for tax
purposes.
these were contingencies provided for
through charges to income
|
years, the net effect on the profit and loss statement for 1945H
With
fStench
were
Working
on
*
will
Armco
convertible
to
beginning: inl
before
the
war
par
$1,477,251, $1,579,042
262,394
of
is
income in
ber,
share
stock
p.
280,323
,
of
ap¬
,118,006
J:
res.-
retired
and
$1,506,000
including Rustless Iron & Steel Corp., totaled|
charged
been
250,442
642,460
not
$100
$146,868
conting.
profit
common
569,598
—.
interest
per
'
rate,
of
company took as a tax reduction for
portion of the cost of emergency
facilities!
the nine months ended
Sept. 30, 1945. Such
has
$1,328,600
231,674
cumulative
rate
in prior
The
Earnings
American Cyanamid
Co.—New
be
to
Code,
stock,
1944
$523.116,> $1,245,577
'
of
This,
charges
Since
Subs.)—Earnings—
1945
the
at
amount
year,
required.
$2,249,073.
In
(&
a^
to $81,203,506.
reversal
American Metal Co., Ltd.
Total
common
SS comPared with $9.37
of
3.90%
continue
instituted in 1943 against the American
Rolling Mill Co., and!
oher steel companies which had not
previously taken licenses.
made Dec. 31, 1945.
The company's share of this amounted
five
$18,026,987
2286.
3 Mos. End. Mar. 31—
Profit before charges—
come
American Crystal
Sugar
National
registrar
will
sdditional
in
Settlement
was
Chase
1938, has been bptl
Reed
patents,
ary
value.—V.
foi
finance
$15,500,000 in existing bank loans
interest
approximately $2,525,000 and
was
287,214
894.
p.
since
Mr.
He
Mauufac-j
and
net
1945,
Renegotiation
9,360;681
$17,667,241
163,
the.executive
Armco's
2%%
income.
10,000
1,
Total
—V.
taxes of
3,714
28,085
contract
due Jan.
Co.)
surplus
Earned
33,283
int._
60.000
sales
on
Other income
asset
of
$7,307,991,
in
the
amortization,
exps.
contingencies
stock
of
board.
off
pay
period,
earned
Revenue
1945
year
amortizable
(Bankers Trust
Theodore
or
September,
LIABILITIES—
loan
of
corporation.
$1,302,503, which accrued to the
company as its share in the!
ownership of Rustless Iron & Steel Corp., prior to the
merger at the!
year's end.
The second reason was* that, due to the termination inl
50,283
del.-
reed.
the
profits was mainly the result of two factors, the
being that it includes approximately 60% of the 1945 Rustless net
1,841,375
56,679
securities
Amount payable for. securities
purch., not
Accrued interest incl. unclaimed matured
Other accts. payable & accrued taxes and
3%
member
a
the
a
Earnings
increase
1,100,000
other
& Light Corp,—Asset ValuC—
31,1945—va?63ftSp0^93rCh 3*' 1946,
to
stock.
1,100,000
$17,667,241
pointed
as
the
were
Internal
The
appointment
Relations.
In
the
stock.
225,459
American Machine & Foundry
Co.—Registrar—
the
Labor
oL
Sales in 1944
reserves,
to
The
and
boars
stock
company
common
$14,018,833 $14,763,859
cost
at
election
of
President, General Manager of
Report—Charles R. Hook, President, said
in|
for
$220,144,648.
months
SHEET
Total
Reserve
President
as
Henry M. Reed who,
used
It,
reduce
sales
The
America
Government obligations,
"
American Car &
Foundry Co.—
he
preferred
6 052
M»». 31. '46
Amount
Sanitary Gorp.—Ne>
the
2150.
p.
20-year
a
Annual
was $228,247.
portfolio securities
Machinery Co.
Accrued
announced
Vice
$25,000,000
stock.
will
2.278.769
S.
Standard
has concluded
retire
over
The
$94,343
for
pi*c]
to
coimhoij
percent]
the
15%
000.000.
2,000
$98,159
securities)___
owns
which
29
Chairman
163,
loan
to
TMs
6,469
of
in
names.
1947.
61,3/4
3,100
COMPARATIVE
Allied
&
Pa.,
of
succeeds
and
company
tized
1945
2,250
taxes
ASSETS—
General
stockholders
15%
justments. and after tixes,
Advance payment
and for the first quarter
network
m
net
agreed severally
share, the additional
70%
director
a
Mueller
preferred
ou.xoo
plan_
Cash
company.
the6 offering holdlngS of the Pn»«nt stockholders
a
The
ended March 31,
*
»/*pw' Bir'. Nobl? saIdowfu'.s
public
have
per
common
Corhpany
April
post
is
The
$193,924
taxes
(exel:
was
S thl boS
Chairman
amount
$20.60
the
negotiations to borrow $40,000,000 fror
the
Equitable Lite Assurance Society of the United
States, "~Oalvit
Verity, Executive Vice-President, announced
May I.
31
28,2bi>
to
froil
American Rolling Mill Co.—Places
$40,000,000 Pri¬
vately—Company has concluded negotiations to borroi
$40,000,000 from the Equitable Life Assurance
Society oi
the United
States, Calvin Verity, executive Vice-Presi¬
dent announced May 1.
re¬
3j,3 <5
income
underwriters
their respective
on
the
Chairman.—V.
$173,632
contrib.
ownership
vessels
dropped
Pittsburgh,
at
as
1946
pa, °£ ft program for the expansion of its present
,ca.st. g. facilities and for the development of frequency
and.
modulation
on
of
held
turin"
might
sold
MARCH
net
three years from April
1, 1940. With thj
the
name
of
"Puget Sound
and the operations conducted
in the nam|
Radiator
d rectors
President
been
which
been
stock
assigned
not
taxes
investments
new
Commission
Line Ltd.
opposite
Mue.ier
a
corporation
valuations
amount
Fede.tal. income
corporation's
of
011
income
io»r
under
for
the company at
subscribed for by
The
Prov.
reorganized
from
set
and
Net
company
was
American
Corp.—Quarterly Report—
deducting
ll
Nevada
trad]
Maritime
Mail
part:
plan^for public interest
was
President—
Vice-President and member
Bankers Indemnity Insurance Co.
the
in
Sound
the
of
parent
elected
was
incorporated
Atkinson, Jones & Co
co
e
»
the
was
of
Blyth & Co., Inc
Facific Northwest
1945.
for
Outstandinl
Co.,
President
of
of
Line"
The
INCOME ACCOUNT THREE MONTHS ENDED
Prov.
103,33I
OFFERING
was
Puget
not
ages
Insurance
ms.u
as
management
Interest
American
PRESENT
$448,*24
new
bid
American
Dixie
Insurance
BUSINESS—Company
Maritime Commission
stock
ap¬
niiiencuii
Tne
&
company
of
chase
of
executive
director,
market
on
amounted
respect of
incurred
General expenses
Prov. for current
M8M3'245
TO
$483,030
103,337
trade.
its
Falls,
director
a
31,
1946,
amounted
to
$22.08
per
share of common stock,
at Dec. 31, 1945.
Cash and U. S. Government Obligations at market value as of March
31, 1946, totaled $3,331,698 as compared With $2,943,727 as o* Decem¬
31,
103,337
EFFECT
—
UNDERWRITERS'—The
compared with $20.30 per share
ber
53*681
51,669
$617,446
103,337
GIVING
committees.
assets
1946,
$673,059
paid
the
Orient
date, at the amounts at which they have been valued in this
After deducting the $4,600,000 loaned by Bankers Trust Co.,
outstanding on March 31, 1946, the balance of net assets on
7,074,313
11,055,893
11,057,403
—
«nd
as
and
01
"ankers
of
Co.,
and
Committee
resigned
Indemnity
Insurance
Co.,
Fire Insurance Co.
of
reliquishes
company,
been
Total
in
Vice-
E.
2150.
directors,
and
s
management, and reentered the trans-Pacific
tradl
accepted on March 7, 1940, for the
name and
Orient
Line, wh ch had been
operating sii
freighters from Fuget Sound to the Orient on an
agency basis foi
the Maritime Commission.
Company, as a part of its bid, by contra J
dated March 27. 1940, bareboat
chartered the same sx
Johns,
A.
Laurence
directorships
company
p.
31,
duced
37,195
since
wholly
Coltynbia
President
however,
He
1.
the
Vice-President
a
Fire
May
and
American International
have
$821021
$654,642
90 5(
3l9!o9|
the
route
than
more
J.—New
N.
Vice-President
Bankers
and
Jackson.
Executive
March
$534,699
$703,841
for
when
March
Accounts payab.e and accruals
TJ, S. income and excess
profits
The
25,278
report.
Total
A
and
1945
$579,329
48,393
2634.
p.
namely,
Co.
elected
of
Total
124'&i|
.
taxes..
1940
Mr.
6,219,658
24l'l3|
131,618
132,962
casf
6,649,464
1,921,043
reserves)
$1.45
1998.
p.
and
By
taxes
effective
well
Columbia
the
by
consolidated
compan.es
assets
of
2,109,420
assets
837,331
1946
and
but will assist
company in administrative matters.
Bruno
C.
Vitt,
Vice-President of
10,484,376
claims
Investments:
Pixod
P.
was
—V.
reserve)
Treasury tax
$3,897,090
53,881
370.522
operatioj
of
Insurance
as
Jackson,
tax
Inventories
$1.26
directors
Group,
director
289,4C
126.905
444,140
stock
consent
Insurance
casualty
Deo. 31/45
$1,566,9]
vessels.
Corp.—Earnings—
162,
request,
the
$4,967,955
tax
own
Mr.
31/46
957,103
$1.23
Insurance
of
American
$0.71
Mar.
Treas.
board
$693,655
SHEET
ASSETS—
charges
stated.—V.
$0.25
Cash
1,083,893
$1.95
$643,966
after
$329,235
..
stk. outstdg. at end of period
$1,090,722
incorporation has been engaged in
trans-Pacif c ship!
ping.
Due to financial difficulties the company
suspended
in
1S38 and was subsequently
reorganized.
When the
company susl
per.ded operations it had five vessels, one of which
was sold for
and four of which were sold to the
Army, and Navy against which
credit was set up bv the Maritime
Commission for the purchase
the
Co.,
$1,358,650
1942
102,743
exp._.
revenue
dividends
1930
com¬
1,146,718
American
$1,753,856
$1,545,5(
1943
(no pari
200,000 shs.
152,939 shs
mortgage debt of the company consists of two series of
pror.
sory notes aggregating $1,586,768 issued to the Unittd States
Maritiml
Commission secured by preferred mortgages on two
2,683,427
share
per
President,
his
$1,090,722
21,4]
CAPITALIZATION
$1,285,154
sales
The
Net
Per share of com.
2,962,797'
$1",202,635
depreciation, interest and other charges.—V. 163.
income
Fire
Income bef. U. S. inc. and exc.
profits taxes
Prov, for U. S. income and excess
profits taxes
2,915,094
The backlog of orders on hand at
April 15 amounted to
$1,100,000, the highest in the company s history, George
at
YEARS
Authorized
$1,332,824
Quarter Ended March 31—
The
CALENDAR
527,467
133,760
income
Common
2,106,080
shares
The
and
taxes
Cash
$3,968,581
$2,219,214
of
r
record.
1944
$1,358,650
$1,467,813
"
income
vessels
Net
of
wiil
30,782
oper.
Net
•
1943
$4,165,482
tax-
American Insulator
1945
$15,751,536 $22,253,969
before
U. S.
Net
Federal
will
President, etc.—
31
.
1945
Deductions
company,
profit--.
number
After
Net
stock
_
Depreciation
the
the
of
prof,
net
earnings
company to a refund for the year of approximately $148,000 under the
carry-back provision of the tax law.
This exceeds by about $23,000
the taxes otherwise payable for the quarter.
17 plants were closed by strikes—15 of them
by the steel strike—
(during some period In the quarter.
606 plant operating days and an
estimated $1,000,000 of production were lost.
Operations at all but one
stock
common
this
FOR
$1,467,813'
revenue
oper.
'HISTORY
'
of
T.ie
$4,325,294
excess
Consol.
Earnings
ent.tle
Other ship.
Overhead
be-
earns,
taxes
mon
the
operating
Vessel operation and inactive vessel expense.
com¬
products,
of
common
sale
EARNINGS
Total
the
in
American Home Products Corp. (&
Subs.)—Earnings—
Aver,
for
share
the
OF
Oper.-differential sub.
Brush, Chairman; Mr. Roden, President, Walter Silbersack,
R. B. Thomas a*>d George H. Bu»'
»aents; H. E. Carnes,
Treasurer, and John Coulbourn, Secretary.—V. 163, p. 1998.
®Consol.
American Brake Shoe Co.—Quarterly
Report—
each
from
C.
$218,000 is necessarily an estimate.—V.
No
for
proceeds
capital
H. W. Roden, V.ce President, on
May 1 announced that the company
had acqu.red the Joseph Burnett Co. of
Boston, Mass., for 8,918 shares
to
2149.
the
SUMMARY
Corp.—Expansion—
Fed. and foreign income
p.
share
a
expire on May ii
stock, over and above:
tlf
expenses incurred in connection with Its
registration and distribution
will be used by the company to
supplement its present working
AH
stock¬
meeting of
autnor.ze
company, permitting a split-up of the
of 2'/2 shares for one.—V.
163, p. 1414.
Home
result in a tax saving either by way of a refund under the loss
carry¬
back provisions of the present tax
law, or by way of reducing any taxes
for the current year.
The amount of this tax saving will depend on
the results for the year as a
whole, and the amount of the cred.t shown
163,
of
right to subscribe to additional
Export Lines, Inc.—Split-Up Planned—
structure
stock
mon
of
fudy amortized by the end of 1945.
Tne amuu.i
period is for depreciation of regular facilities only.
1946
48/100
011
directors
capital
was
1946
The
Monday, May 6, 194
t
amor-
cost
gas1
Total
During the three months ended March 31, 1946 net charges of ap¬
proximately $80,000 (after estimated applicable Federal tax credits)
were made to tne Reserve for Post War Readjustment and therefore
are
not reflected In the Profit and Loss Statement.
These charges
cover costs incurred in the consolidation of
manufacturing and related
activities previously carried on in separate plants.
are subject to the effect of renegotiation
Renegotiation Act.
However, application of the general
basis of previous years' settlements to the operating results for the
three months of 1945 shown above, indicates that no provision for
renegotiation refund is necessary.
a
use in the
synthesis of ammonia,
It will have a charging capacity
approximately 20,000,000 cubic feet of natural gas daily.—V. 162,
holders
the
for,
new
American
$178,024
Operating results for 1945
equipment
•
•Profit.
under
and
3186.
p.
75,000
readjustments
post-war
materials
constructed
The
*$1,064,024
inc.
the
announced
of
Loss
Transf.
1945
$2,730,793 .$14,119,150
3,251,588
12,879,159
54,901
175,966
and
c/SS? Depreciation
the
'
reforming plant to
iri Toulouse, France, 011
the Garonne River, it was
April 30.
plant, utilizing the methane steam process, wi'l convert
natural gas, by high temperature
cracking, into hydrogen and nitrogen
be
1946
3 Mos. End. Mar. 31—
Net ..'Sales—
Cost
v:'f;
THlE COMMERCIAL & FINANCIAL CHRONICLE
2430
/
v V;
making the company's
total outstanding indebt¬
r/:,
.
of the Rustless Iron & Steel Corp.,
$
*
was
r
approved by the
*1
M
[
;>K:: *
|j) 'yw^^^tiaagt^1 —HI wun.uiitiJjwmj^m ■»«<»»"• .n7"'ir'^wr" r.——. 1
'■-
■
#A,}.
i
:• ••
i•••
-,
v.X&WW. ,;,*h•.
■
,,
K,
Volume
163
Number 4487
THE COMMERCIAL S:
FINANCIAL CRRQNICLE
■
<ompa&y''s. shareholders. on Dec. 7, 1945, and
by the Rustless shareV; holders of Dec. 28,
1945, and became effective at the close of business
ft Dec.
31, 1945.
The company owned 554,774 shares of Rustless common stock out
jff.ot 926,547 shares outstanding. On the effective date, of the merger,
.
/
the par value of the
common stock of the company was reduced from
$25 to $10 per share, and 371,755 shares of the
company's- new com¬
mon stock were issued in
exchange for the subsidiary's publicly held.,
"Common stock, on a share-for-share
basis, making the total shares of
common stock
outstanding 3,2441,315.
.
As
a
consequence of the reduction of the par value of the company's:
common shares from
$25
to $10,
$43,043,405 has been transferred
from stated
capital to capital surplus account.
1
class
FOR
YEARS ENDED DECEMEBER 31.
$
Net sales
183,564,791
felling, general and
Profit
from
Gross
['£. Losses
5
;
admin,
178,193,264
14,055,945
income
11,851,117
2,444,313
credits
10,774,562
22.523,911
expenses
operations
Other income
$
220,144.647' 200.8x8,943
...
goods sold
24,968,224
14,348,159
664,641
397,044
568.194
on retirements of property
Premium paid on retirement of funded debt..
Settlement of infringement suit with the Cold
and
annum
$100
ent
237,092
4,710,329
4,053,409
tFederal
5,714,411
1,395,329
«h
recurring
Will
and
p.
issue
new
■
rights, the
shares
to
be
V.
327;
for
for
reserve
from
ry,
due
set
tax
credit
amortization
:
9,414,647
Gross
Net
common
prior years not
163,
2,240,000
on
Net
redemption of
income
Prefererd
71,390
--
to surplus
Jan.
ry.
tAfter
deducting
accelerated
approximately
amortization
2,294,988
$1.84
Plants
.
It
credit
for
resulting
1945
facilities
emergency
FOR
QUARTER ENDED MARCH
*Net
profit
Earns,
*
1946
taken
not
on-
(INCL.
1943
$1,875,502
$1,229,035
railway.
railway
and
are
1944
$0.48
$0.25
$0.36
$508,522
$484,207
$520,471
119,646
104,854
60,168
52,424
83,500
157,859,
1,511,521
1,447,624
1,446,206
1,354,347
1,309,514
372,928
337,849
329,742
163,
of
143,323
168,666
170,760
total.
$
tax
States
"United
Treasury
Treasury
bonds
marketable
•Other
ISlotes and
securities
cost;
Federal
-
1,174,544
toll
13,189,355
——
claims
entire
stock
of
of
-
its
the
Fermatex Fabrics Corp.,
coated fabrics.
properties,
Adam
be
&
completed
January
Goods' Co.
Dry
12,780,366
(after
Investments
investments
and
Deferred
18,027,779
4,125.153
for
1,037,209
between
Total
front
12,136,392
52nd
and
35,995,118
financed in part by
1
1,126,726
mainr store
new
rentals
52nd
and
of
53rd
—
broken
was
addition
the
in
New
side
of
future site
Fifth-
a
The
the
a
Fifth
on
*
payable
present
small return
on
sufficient
are
the
3,792,042
Income
and
Other accrued
payable
-
salaries
portion
1,381,188
000,000.
6,469,418
to
wages,
interest,
long-term debt
the
payable on
506,184
506,184
14,000,000
Insurance
an
rr,u~ *-*•
credits
,
CONSOLIDATED
992,265
Sales,
•___
44,993,000
aggregate
71,739,009
47,838,408
29,719,938
4,795,002
18,378,544
206,968,842
189,781,318
Under provisions
(2)
.
the company elected
Cost
of
•costs
IFederql
the
of Section
124 of
facilities,
income taxes.
Exps.
the Internal Revenue Code
of Sept. 30, 1945, and has
approximating $28,675,000, as
a
"The unamortized
the
taken
as
balance of
respect
the total
deduction
facilities
depreciation
The
tions
of
since Sept.
consolidated
Rustless
Iron
30,
for
from
at
•excess
163, p. 2287:
*
<•
*
-
1
-
-
-
Net
-At a special
recommend
call
meeting of the directors held- April 30* the board voted
to the stockholders a plan of recapitalization and to
special meeting of the stockholders to act upon the plan. The
meeting has not yet been fixed, but it is hoped that- it
Detailed provisions of the plan will be set
lorth in the proxy statement that will be mailed to stockholders, with
the notice of the meeting.
a
•date
can
"
'
summarized,, the plan provides
The Commercial and Financial
for
',45,082
1.266,194
431,312'
92,113
523,232
124,477
RR,—Earnings
1946—-Month—•,>1Q45
qnn
iqzr
7 un,
Eqpt.
& jt.
.Net
ry.
facil.
500,000
334,871
rents-
30,040,171
nnn
.....
3,860,734
27,441,930
10,755,462
-
the authorization, of a
.
oper.
2,600,000
1,023,348
563,198
1,681,805
inc._—
1944
1943
$
$■
1942
the
660.470
79,605,467
994,799
1,103,239
138,116
11,553,596
9,787,730
kofficers,
the
with SEC—
registration statement with
(par $1).
The state¬
and. stockholders
"having
of the
directors
common
stock
day, of February,
without
6,634,962
Income
Corp.
■'.*
Statement 6 Months
(&
"
•••./
"-"Vf
Ended
March
31,
1946
—
192,607
135,442
63,951
Provision for doubtful notes and
accounts
Sl '•
9,856,681
—
Gross profit
Other income
6,656.095
for
8.006,000
1,520,000
*7,045,000
5,266,000
2.220,000
■*1,265,000
1,634,000
1,800,000
Cr6,000
Crl0;000
Cr21.000
CrTO.OOO
Federal
105,967
78,547
65,343
—
$40,176
——
540,920
—----
11,73 a
surplus
reserve
returned
to
surplus—U,
Total surplus
2,912,338
2,658.944
200 000
300,000
208,362
Dividends paid
47,151
4.339.05,8 .-•.3,310,491
127,054
—r
4,339,058
774,720
I
dividends
398 076
'
200,000
^ 3,110,491
$592,828
——
—-—
19,045
—
f
'I V 7,482
—
$3,23
reduction
of
to
$285,000
1944 but
Balance March 31,
449,169
.
——
'n
'
ASSETS—
-
—
'
•
$560,0
"
/ ; ..V:' .'
T
—...
;
$433,743
interest——301,680
'"-n for Fed¬
Furniture, fixtures, and equipment,
net——, 5,873
Prepaid interest and insurance
13,494
Deferred charges:
-
—,
on
1946
Notes and accounts receivable
—2,154,605
Other investments at cost of
nominal value,
.16,796
Accounts receivable (claims, etc.)
^
8,723
u
tlncluding carrying charges
and mrscT"»*»°OH«'
1946-—
CONSOLIDATED BALANCE SHEET MARCH
31,
cost; plus accrued
076
598,892
Common Stock-
Cash deposits in bank and on
hand.
U.' S.-Govt.
obligations,: at
802 «15
398.076
$4.93
eral';neometax?es a^nlicab'e
'■
on
-
William
v
Dana
135 8
"
deferred pay-
1,471
-
Chronicle
Seltoert, President
La Salle St., Chicago
<w»cond-cJass matter February
r^dahiso
Ob
per
aoooSut
South and Central America, Spain. Mexico
Cuba. $29.50 oer
Great Britain
bfthe flurtimtiona in the rates of exchange romitt«n<^ for foreign- HUbRcrlntlons and advertisements
foreign
year:
"
v-fMVMiwuvw
i?
———;
2,503,976'
-
772,965
874,134
1945.
10,341
30,717
income
Excess loss
2,706,095
—
for Federal and state
income taxes
—
rlty., net
made-in
2,977,681
indebtedness
: $81,233
Dividends paid on preferred stock.
Dividends paid on Class A stock
res.
reflect
Net
on
Previous
Earns, per com. share.to
income
Interest
Prov.
4,445;025
5»501
$73,735
7,499
Total
profits tax
•
110,346 '
—
21.123
11,689,038
'
$189,581
—
Operating expenses
gain
•'
Subs.)—Earnings—
Gross Income from Operations^^
13,965,025
the
stock
;
&
securities, etc.__
*R»v'sed
of
of
a
common,
■
111,369
13,772,418
number
shares
of
.
167,534
133,535
10th
1,120,765
126,234
133,652
shares
Automobile Banking
70.544,087
119,312
127,852
a
inadvertently
78,579,217
88,444,587
said
87,765
Corp.—Registers
April 30 filed
on
87,765
corporation between
1945r. and the 1st day of
February,. 1946,
prior compliance with the
Securities Act of
1933, it is the intention of s.uch
stockholders to
and it
register,said stock
is the intention of
each such
stockholder, immediately upon
registration becoming
effective, to make an offer of recession
to the
purchaser to whom such stock has
been sold from, time to
time be¬
tween the
periods'aforesaid."-r-V; 149, p. 570.
s
90,069,427
company
covering.
sold
2,012.389
943,739
•—
v
income
on sale of
aceount
Automatic Signal
The
SEC
YEARS
90,768,087
co
Transf, to earn, sun?.
dividends—
2nd pfd. dividends
mflnt
FISCAL
■
!' offices
'
581,188
92,839
*$$$& «HSM!?
9,460,230
Taxes
satisfactory conditions.
FOR
698,660
estate mtges,-
profit
Common
part on
695,393
of the
be held late in June.
Briefly
-
32,038
VI,V
99,629,856
1st pfd.
.
in
and
exps.
-Net inc. fr, oper
Prov. for spec, cont.
Loss
American Woolen Co.—Plan of Recapitalization—
to
■
215,737 '
•
77,918,747
Apiti applic. to stks. of
Lord
&
Taylor
not
-owned by Assoc. P. G.
■Corp.
i,
7
or
722,575
Adjusts, ip cqnting. inc.
tax llab.., def. pay. acct.
of the electric properties of this company for the
week ended April 27,
1946. totaled 73,536,000 kwh., a decrease of
37.5ft under the output of 89,Q97,0QQ kwh. for the corresponding week
not
113,870,602 100,557,475
Prov. for Fed. inc. tax._
output
1945.—'V.
sold
gen.
parent
Provision
1945.
income for the year 1945 includes the opera¬
& Steel Corp., which was merged into The
American Water Works & Electric Co., Inc.—Output—
of
Pciiod End. hiar. 31—
1943
$462,701
1,359,097-
21,770
1718.
p.
Atlantic Coast Line
.
79,931,136
Total
as of Dec. 31, 1945.
The net income (before
of Rustless Iron & Steel Corp. for the
1945 was $2,128,590. The accounts of Rustless Iron & Steel Corp.
not consolidated in 1944.—V. 163, p. 1854.
Power
1.375,962
63.930
income—
oper.
163,
MAy 1, 1946 to
exceeding $10,-
116,353,703 102,957,290 '92,385,833
2,483,101
2,399,815
2,296,406
departs.—
Balance
•deducting'minority interest)
were
of
Interest
American Rolling. Mill. Co.
year
goods
and
real
on
Sept." 30, 1945 in the approximate amount of-$12,425,000, not written
on the books at
thai, date, is being depreciated at normal rates
(3)
ry.
—V.
the
114,593,177 101,252,868
of
sell,
<oh
•of
3,188
555,915
from
railway
from railway
ment
P?qv. for depreciation-_
Interest, practically all
to terminate the amortization period with
facilities
emergency
191,799
"
STATEMENTS
1945
depts.
.NOTES—(1) No provision has been made for renegotiation, of war
for the year ended Dec. 31, 1945.
The 1944 renegotiation
was settled without refund and. it appears .that the companies will not
fee liable for refund of profits for 1945 as a result of renegotiation.
from
amount
"
$
leased
Net sales, own
depts.
tComrniss. fr. lsd.
•contracts
to
principal
time
,VV^*MMWIUVUV
INCOME
Total
2
time -to
—"
Years Ended Jan. 31-—
44,993,000
32,413,154
Earned, surplus
Total
from
or
Total net sales-—
175,789
1944)
Capital
1944
$461,374
153,487
31,536
1,942
,
Such commitment may be
time in whole or in part. The
any
798,325
-
preferred stock ($100 par)
%
(par $10 in 1945 and $25 in
surplus (paid-in)—
1—
-
"
3,070,000
358,030
.
stock
Com.
in
205,205
reserves
reserves
Deferred
.31, .1948
1,541,685
360,156
5,820,000
1,562,329
for contingencies
time
any
prepayment of the loan in whole
reserves
to
1345
$471,700
$325,361
ry.
Net
.
terminated by. the corporation
agreement, contains reasonable
terras of amortization with
final payment due
May 1, 1956, and permits
at
14,750,000
Reserves
at
.
2,250,000
preferred capital stock--
operating
loans
14,441,333
corporation.
5,190,457
1,500,000
Long-term debt—for 19*5 notes payable to bks.,
134%
(non-current)
Current
make
13,078,118
RR.—Earnings-
1946
from
investment.
to
5,080,678
Until
1,009,920
6,650,409
etc
„
& West Point
oper. income
From Jan. 1—
Avenue
carry
1946—3 Mos.—1945
$
$
-
tpe
878,775
and
of
Dec.
1,978,623
—
taxes
taxes
Accrued
Current
Dividends
profits
excess
9,038,948
10,916,904
payable (trade)
accounts payable
'Other
corporation
389,753
1,353,282
railway
Net from
railway--
was
tenants
3,046,650
Cr528,457
March—
with
paid
credits
income_
oper.
Atlanta
.
April 8, 1946 the corporation entered into an
agreement with
The Chase National Bank of the
City of New: York and. Bankers Trust
Co., under the terms of which the Banks
787,516
.Accounts
ry.
v
47,343,780 100,575,682 134,002,001
27,899,935
74,022,298
79,114,212
14,304,234 13,738,429
40,193,349
Dr58,933
Cr263,163
2>r253,107
'
York
Aven-ue
price
-■
Ry.—Earnings—
$
33.162,313
29,290,838
exps._._
or
Net
a
■'.••
uuivur
irawi
must be made In
T
rkt{
New York fund*
^,^ommiono1
Afrlca' $3L00
-
■
\
exceeding 105 and interest.—-
1946:—Month—1945
revs.
accruals-
debits
Gross
west
-'?
now
"Includes for March,
1946, $4,742,954 fos wage
adjustments applying
January and February, 1946. t For
month of March,
1946, include
$1,029,577 Federal income
taxes compared with
come and excess
$12,110,800; Federal in¬
profits taxes in 1945. and for
the three months
March 31,
ended
1946, include $8,141,219
Federal, income taxes ^compared
With $33,682,000 Federal
income and excess
profits taxes in the same
period in 1945.—V.
163, p. 1999.
'
on
$50,000,
V
,
The
to
of
to
1947.
the
tax
Net
the
enlargement of
improvements
for
"not
1437.
p,
operating
tRy.
these
in
Ry.
Otner
1946.
the
expected that
agree
ovedrafts
and
Botes
sinking fund, at prices
Period End. Mar. 31-
stock
assist in
::
Colorado & Santa Fe Ry.,
and.
Panhandle & Santa Fe
Ry.)
City, covering the entire
a
depth of 300 feet on
$6,250,000, which was
first mortgage in, the amount of
$4,150,000. The
received from
property and provide
189,781,318
206,968,842
-
the
$
far
January
is
buildfng
Streets.
I
$989,600/
sum
(Includes Gulf,
possible acquisition of
26 recommended to the
March
Louisville.
Streets
feet
201
53rd
*
^
trustee, 16 Wall" St., New
York, N. Y„ will
1946, receive sealed -bids for
the sale to it on
June 18,
(closed) mortgage
sinking fund 6Va ft. guaranteed gold
amount sufficient to
exhaust the
Atchison Topeka &
Santa Fe
the
During the year Lord & Taylor purchased
property for
LIABILITIES—
Cther
158,-
which is
common
to
^
....
1947.
its
,
.
On
'
in
Gross
block
charges
an
—V.
to, provide for the futqre expansion of that business.
It is
expected that construction of qn addition to this store
will be started,
1,428,484
20,882.823
patents
first
to
held
Net
4,959,344
Property, plant and equipment (net)
"Goodwill
Jime. 3,
of
in
6,447,411
of
——
It
ground
in
.F
Bankers - Trust
Co;,
to
bonds
Froperty has been acquired adjacent to The William Hengerer Co. in
87,564,743
impairment
for
reserves
—
and
Associated Laundries of
Illinois, Inc.—Tenders—
Buffalo
4,100,293'
(after reserves
and
ready for occupancy early
during
3
Bolls, moulds, stools, etc.
Materials in transit
our
better position
a
during
Buffalo.
and
18,791,094
_
started
in
800,291
supplies
in
companies
directors on
the
was
Co.,
1,230,792
and
income
„
■
$59,457,753.-ri63,Tt718K
1946,
an
1,587.850
materials
Corporation
subsidiary
26,742,185
products—
in-process
ac¬
ft""
proxylin
May 20,
N.
4,170,139
refunds
talx
and
liability of
j
profits taxes
The
■
printing and finishing of
including sanforizing.
Adams, and Lawrence, Mass..
manufacture
Construction
Stewart
Other.
Pinished
-
J.
Also
$1,065,134.23)
Termination
Raw
4,558,682
receivable:
accounts
1945,
.
4,905,000
14.612,044
cost)
cost)
(at
(at
5.682,900
1,349,001
(at
21,603,041
(less reserves for doubtful accounts for
Trade
•
notes
:
,
I
up
increase in.the number of authorized shares
of common
stock from 800,000 to
2,000,000 shares and a split-up of the present
common
stock on a two for one basis.
Action will be taken on these
proposals at the annual meeting to be held on
1944
1945
States
.
,
"""
made
to plape the
also
stockholders
15,741,396
United
1
$6,964,414); $22,644,-1
(after reserve for
contingent lease
-
...
Railway operating
and
SHEET
ASSETS—
from
L
(incl.
year
1718.
p.
was
the
the
in
additional
Cash
'
0,
67,279
income-_
financing of
BALANCE
.
i\
(after deducting
$9,940,808, y. ov.ireasury savings
nil; provision fos cont.inwpnt u-Kin*., U. S. Treasury Savings
contingent liability for such income
taxes
may be payable when profits accrued
on deferred
payment accounts
receivable outstanding are
realized, $53,000; mortgages on real
exclusive of
estate,
mortgage and instalments
payable withih one year,
695,000; special
$5,contingency reserve, $1,200,000; capital
& Taylor not
stocks of Lolrd
owned by Assoc.
Dry Goods Corp. •{at book
sive of good
value exclu¬
will), '$840,456; 6% first
preferred stock '(par
$12,920,400 ! 7% second-preferred
$100),
stock (par
$100), $5,690,100;
stock (par $1). $634san*
1943
With the object of securing a wider distribution of
all charges.
CONSOLIDATED
receivable
—
fc
&
excess
rayon fabrics and mixtures thereof,
located at Jewett City, North
is owner
engaged
$1,535,205
$0.40
share_
com.
—«•
Notes),
Associated Dry Goods Corp.—Annual
Report—Robert
J. McKim, President, on April 16 stated in
part:
SUBS.)
1944
$1,804,487
per
After
31
1945
«-
dividends declared, payable
after close or
$578,855 by Associ. Dry Goods
Corp. and ov»,u^s> by
$5,029 uy
Taylor, on minority stocks),
minority stocks)bra -:v wrm*c™—•*
$583,884; mortgage and
instalments payable within
mortgage
one year,
$485,000; provision for awards,
claims and
contingencies, $70,235; provision for Federal
fiscal
*
EARNINGS
iqki-
mortgage receivable
juuru
Lord
ibooks.
Quarter End. Mar. 31—
lORf)-»m«i
•
'';'
(after,
notes
LIABILITIES—Accounts payable, trade
creditors.- -etc.. $6,200,053;
expenses, $2,932,019-;
1—
oper.
cotton
$2.58
$2,525,000
of
$1,334,868), $12-,493,771;
crued
same organization and personnel.
Aspinook is engaged in bleaching, dyeing,
2,024,734.
share
common
of
$500,000), Nil; total, $59,457,753.
Aspinook Corp., Jewett City, Conn.—Acquisition—
2,295,003
per
$9,878,643;" „
$1,138,135;
as
sl,346
from
from
2,024,036
earnings
quotations):
(approximately-
■
the
5,067,991
13,392,196
dividends
Equal to
from
stock
3,551,102
dividends
Common
39
preferred
in
771;
on May
1 by John Finn, attorney for the
Hampton Co. of Easthampton, Mass., that the
Aspinook Corp. has
purchased the-land, buildings, machinery and
equipment of the Hamp¬
ton Co;
in Easthampton.
The sale price was not disclosed.
The Aspinook Corporation, it was
stated, will rename the Easthamp-"
ton Mills the Hampton Print
Works, and will continue operation with
Cr4,850,040
of property
Premium paid by Rustless Iron & Steel Corp.
•
hand,
.,M„,
1718.
p.
1945
income-.
Announcement
books
on
on
interest
__
>
"Write-off of unamortized apprec.
.
its
taken
cash
ciation
stock.
$575,508
533,147
"railway
■Deficit.—V.
7,307,991
Cr2,75O,O0O
resulting from accelerated
emergency
facilities
for
of
market
and
accrued
expenses, mciuaing
insurance;/ 1 l<<>,
deposits, $1,070,863; fixtures and
equipment (after allowance for
of
depre-1
$2,535,370), $1,506,415; leasehold
purchased, less amortize- cf
/
tioh, $163,967; land,
buildings and improvements {after
allowance forr
depreciation of buildings and
improvements of.
stock
1946
oper.
From
..
Federal
amounts >at
and
pres¬
-Earnings-
from railway
non¬
contingencies
to
banks
'
Extraordinary and non-recurring adjustments:
Prov.
owned)
in
cost
accounts:(after allowance for
doubtful accounts of
$351,051, $8,696,inventories of
merchandise, at the lower of cost or market
rteserves
replaces the tentative plan
discussed at the annual
meeting; in March, which involved the issuance
of debentures, found
upon
further study to be subject to
possible tax uncertainties and
disadvantages.—See
securities; at
receivable
The present plan
other
*
of
class of
the
s.. Govt,
equivalent
—
Net
adjustments
remain unchanged.
the.
on
Net
extraordinary
value:
$4'per share per,
share in voluntary
plus accrued divi-
conversion
stock
..
Net
826,086
'
before
yw
ASSETS—Demand deposits
;
withfut &S
«((««uv
of
prior preference stock and of the
aside for conversion will
require:
and consummation of .the
plan
upon utijuoiu for
deposit xur exchange, 01:, a
exenange, of,
larger per-:
centflcp nf th« nrof
centage of the preferred
stock, the exact percentage to, be left to thp
kn
the
determination of the directors.
Upon the plan becoming "effective
it is
contemplated that the divi¬
dend accumulations
amounting to $58.50 per share on any unex¬
changed shares of" present preferred stock
will be paid and
tha.t diyir;
dends will be initiated
420,085
income
w
involuntary liquidation, in.
March—
Steel Corp. for the year (incl. divs.
paid to
minority stockholders;
income charges
JProv. for Fed., state and
foreign inc. taxes—
'Net
in
creation of
Gross
tax
«"i
.
■
profits
** *<»»'
CONSOLIDATED BALANCE
SHEET, JANUARY 31, 1946
(Including.all wholly owned subsidiaries, and also
Lord &
Taylor,
the majority of the
capital stocks of which are
t
1
«-
-A.
assets to
Ann Arbor RR.-
Minprity interest in earnings of Rustless Iron &
excess
""»
dividends t,o. the extent
to
as
common
The
,
2,249,073
•Other
■■■i".'
the extent of $105
per
each case
dends; toll be callable at any time after
five years at $105
per share*
plus accrued dividends; and will be
convertible-at any time into two
shares of common stock.
Subject to such
and
583,750
Metal Process Co.
1
JMLSLS" '5FSJHK?'"
will be
preferred as, to.
774.301
(net)
■.
*
2,497,042
Interest
1
cumulative convertible prior
preference stock-.Which
will be offered in
exchange to. the. holder,s of the
present " preferred,
stock at the rate of l1/* shares of
new preference stook
plus "
'
fiash ♦ftl' onnh
tbCM
nf
aU
.
ffc
'
$4
two-thirds vote of each
Will also be! dependent
1944
1945
Cost of
11
of
additional common
CONSOLIDATED INCOME
,
"
new
'
WW®"**!1
...ww
r,
■
1
.'•
$1,367,500
* * 9o'nfic
—
7?„
Accounts payable
for
Reserve
—
£,523
receivables are collected—
.q'!;9R
*»,330
payable April 1, 1948
Dividend
taxes
zrm
Accrued expenses
.'Margin due customers only when
•Dealers' participation loss reserve
General loss reserve
Unearned finance charges
surplus
—--r
—
*168,284
*327,434
30,361
134,718
*117,808
20,683
1,799,802
*707,859
2,725,554
2,704,470
2.939,797
866,819
*834,459
*715,392
67,004.
railway
from
Gross
ry.
railway
from
Net
*87,080
*212,762
The
SEC
163, p.
'
$2,936,385
2811.
company
for
S10).
&
5e;e
acquisition of a
Ohio.
Bingham
registration
a
cumulative
Wm.
are
J.
Merieka
with
statement
convertible
&
Co.,
Ry.
$74,474,786 $93,030,443
69,952,920 68,925,900
$26,335,601 $32,772,608
127,870,794 24,023,701
revenues
expenses
$4,521,866 $24,194,543
§$1,535,192
$8,748,907
*Ry. tax accruals
Eouipment rents (net)
(net)
1,814,761
74,617
3,808,535
726,560
177,057
Joint facility rents
rv.
§$3,305,837
114,174
119,993
debt
1,345,945
deductions
oth. than
Fixed charges
int.
on
Fixed,
int.
fnd.
on
interest
Contingent
Excise^ax
majority
stock
Herbrand
will
completion
upon
*Net
interest
become
of
in
the
Herbrand
financing
RR.
162,
of
increase
$3,847,092
6,429,207
compared wfth March, 1945, is due
as
charging in March, 1946, accounts the wage adjustment
1, 1946. amounting to $6,622,000 and payroll taxes
total of $7,036,000.
§Deficit.—V. 163, p. 2287.
retroactive
to
to Jan
•
Bankers Life
261 898
1-261,898
Cr92,916
Federal income taxes
jThe
l
1..390,,696
$414,000, a
1945
1944
1943
%$28,936
$738,154
$415,440
$409,764
$0.02
$0.55
$0.31
$0.31
share—
per
volume of
Bloomingdale
Federated
Bros.,
Inc.—Credit
Department
Stores,
Inc.,
Call
Mutual Casualty
162,
Bond Stores, Inc.—Calls 4J/2%
share
per
ferred
Pfd. Stock—
of
stock
July 1,
stock,
common
converted
so
preferred stock into
in
at
1946 —V.
163,
each
taking
case
$100 per share.
stock
common
will
Unfilled bal.
Mar. 31 quarter..
of contracts Mar.
—V.
the
of
shares
at the close of
pre¬
for
163, p.
Gas
Co.—April Output Up—
1,771,159,000
1,514,271,000
at their annual meeting June 1, 1946, will be
amendments to the company's charter authorizing
par cumulative convertible pre¬
ferred stock to be used to retire a like amount of $4.25 cumulative
to
approve
of 59,862 shares of $100
issue
new
a
188.
will
filed
be
with
$6,868,101
6,689,150
Net
the
SEC.
Equiment
Joint
vertible
on
a
registration statement,
the
of
share-for-share
basis
shares
for
the
of
new
of.
the
*
preferred not taken in exchange for the com¬
pany's present $4.25 preferred stock will be sold to an underwriting
group headed by Glore, Forgan & Co. and the proceeds applied to
the redemption, on or about Aug.
1, 1946, of the shares of $4.25
preferred stock then remaining outstanding at the then prevailing
redemption price of $104.50 a share plus accrued dividends.
dividend
The
new
the new issue will bear, which is not to exceed
annually, together with the rates of conversion into
.common Block. and the redemption price, are to be finally deter¬
mined by" the directors prior to the issuance of the new preferred
shares.—V. 163, p. 188.
83.50
Net
con¬
preferred issue, Mr. Haskell said.
Shares
Beaumont Sour Lake & Western Ry.
1946
railway
Net from railway
Net
ry.
oper.
in
$1,094,709
376,332
652,632
266,902
_
147,725
1943
$840,099
$1,328,192
808,727
189,940
418,795
252,570
From Jan. 1—
from
Gross
Net
railway
2,443,371
—V.
163,
3,680,758
1,681,529
2.280,761
2,451,095
1,158,184
717,275
railway
Net ry. oper. income.-
3,000,749
1,309,056
from
373,181
540,475
297,468
1856.
p.
int.,
Corp.—Cuts
Reconversion
Deficit—
Will Develop Oil Resources—
spite of heavy engineering and development expense incurred to
full earning' power, this corporation showed a profit on its
operations beginning in January, 1946 and reduced its oper¬
ating deficit due to reconversion outlays of $900,000 to approximately
$1,154,785
337,404
$1,903,152
1,043,091
$738,307
318,136
994,038
*$727,435
reflect,
it
the
was
Boston
quarter of
19
covering
Damon,
of
panies, the
credit
*$255,731
$817,381
pointed
and
last
Maine
year.—V.
the
out,
first
$1,812,000
163,
sales
President,
has
and
furnish
from
the
tiation
of
impact
the
over
wages
paid
of March 31,
the close of the second quarter of the com¬
Walter H. Beech, President and Chairman, told
annual meeting.
These results were attained by Beech in connection with the manu¬
facture and sale of aircraft.
However, the wholly-owned subsidiary,
Material Distributors, Inc., operated on a
profitable basis throughout
the first six months of the fiscal
year which ends Sept. 30.
A con¬
solidated statement would show a net operating deficit of only $150,000
for the first six months, without
making any adjustment for tax carry¬
back
credits, Mr. Beech said, adding that gross volume should increase
during the present and final quarters with the production of two new
Beechcraft models.
The Model 35,
a medium-priced,
all-metal airplane for private and commercial uses is scheduled to go into produc¬
tion before July 1. The second new model, the Beech "Feederliner,"
expressly intended for use from small airports, should be flying, before
the end
of
Fare
in
1945,
for
the
size
of
Co.
with
volume
a
Figures
of
the
since
release on
subsidiaries com¬
provision
$39,809,896
Joseph
of
included
are
from
for
by
the boundary of
poration
during the
m-ssion
the company's plant and situated
2,800-acre
for
its
lease
block
possible
use
assembled by
as
a
gas
the
reserve,
was
Com-
Kansas_ and showed a productive capacity of 828 barrels
& Bee®h revealed. Additional drilling will be conducted to
the extent
it
of
the
new
oil
pool,
»aW_ that the
as
company would
part of its. own operations.
a result of
develop the
,
c,?®1lany s gas wells developed during
Pipeline
direct
wildcat tests.
pool and
new
v
the war are now conto
the
plant
and
date
of
Inc.
wartime fuel emergency should be sufheating and processing needs of the plant for
p
1560
Af
int %eas
Is
as a daily capacity of over 11,000,000
greater than the needs of the plant."—V. 163,
taxes
for
and
the
period,
provision
,
director
*•' Heidt has been elected Vice President
l°?$j ? joined the Bendix organization
of industrial
for
including
years'
prior
relations,—V.
163,
p.
1153.
on May 1,
J.
C.
Ballagh,
V.
earnings
of
the
at
94
end
working
Total
cents
of
per
share,
based
from
1946
general
exps.
•
adjustments,
$1,924,847
were
421,004
on
to
$2,456,461
1946—3 Mos.—1945
$8,136,494
shares
out¬
4,131,812
436,404
535,753
445,541
547,366
25,845
for depreciation—
Amort, of light oil plant
General taxes
paid
Operating
income
income
$1,239,154
'3.1,4-31
___
:'(het)_—
Gross
Net
from
Net
128,921
gains,
losses
and
surplus
295,283
$139,913
profit
capital
138,191
505,492
income
on
$96,991
adjustments.—V.
ry.
&
Indiana
RR.—Earnings—
1945
1944
$142,562
$161,307
$167,104
42,486
railway
77,739
79,202
railway
income—
oper.
Earnings
71,816
50,434
54,650
67,347
422,735
503,605
523,143
170,757
179,412
251,073
189,226
243,677
railway
Net from railway
Net
ry.
—V.
income.
oper.
163, p.
__
149,529
165,150
135,222
1857.
March—
Gross
1946
from
railway
from railway
ry. oper. income—
Net
Net
ry.
1943
$145,000
*41,483
*33,757
33,439
*127,890
*99,029
*95,039
*85,629
$165,700
580,100
477,300
475,800
*133,380
-174,758
*104,222
*91,910
*310,764
*334,916
*279,664
*240,547
income...
'Deficit.—V.
163, pp. 1420,
Canadian Pacific Lines in Maine
Net
from
Net
ry.
from
ry.
1943
$659,102
$486,743
110,365
243,756
312,842
208,990
income
oper.
Net
1944
$646,601
railway
from
Net
1945
$603,816
railway
From Jan.
Gross
Earnings—
1946
from
Gross
443,100
1772.
March—
*9,789
128,791
256,519
163,853
1,778,916
1.828,474
1,808,778
1.345,432
1—
railway
railway
562,667
163,
p.
676,783
823,710
566,947
217,645
income...
oper.
'Deficit.—V.
350,897
641,652
417,487
1857.
Canadian Pacific Lines in Vermont—Earnings—
1946
from
Gross
Net
from
Net
1943
$107,514
$102,765
*70,838
*60,371
*46,913
*185,789
*127,784
*98,454
*81,632
382,769
114,175
326,736
*254,735
*242,783
*179,694
311,931
*117,593
*386,748
*300,753
*221 243
1—
railway
railway
oper.
ry.
1944
$122,954
*132.729
income
oper.
from
Gross
1945
$119,877
railway
railway
From Jan.
income
*407,807
163, p. 1857.
Ended April
Week
1946—12 Mos.—1945
15,127,960
13,867,800
1,971,552
earnings
Traffic
—V.
$5,068,000
$5,966,000
163,
The
1,504,000
covering
9,222
on
>n
;$1.12
$3,858,297
1
81,707
$4,284,179
$3,940,004
57,890
:
fc512f,251
Caterpillar Tractor Co.—Registers with SEC—
.
railway
railway
1946
$283,331
railway
Nef r?S \fy—---
i5°me
May 1
company on
$20,000,000
&
Corp.,
and
Co.,
Inc.;
filed
a
registration statement with the SEC
10-year
1% (:!c
debentures.
Witter & Co.; Stone &
Dean
195,664
$701,572
$2,218,125
$2,164,321
$o.94
$2.98
$2.90
of
sale,
'
Harris
together
Hall &
with
company's plant at
1,982,083
'■
Co.,
other
Inc.
funds
Peoria.—V.
It
is
Underwriters
Webster
will
contemplated
are
Securities
be
devoted
to
that
proceeds
expansion
of
1723.
163, p.
Central of Georgia Ry.—Earnings—
March—
Gross
from
Net
from
Net
ry.
$2,818,850
*105,228
$3,575,814
860,434
1943
$3,300,296
865,399
315,596
$3,376,323
1,461,003
8,960,637
3,457,126
2,290,406
*296,091
502,694
8,264,041
10,164,870
582,357
2,443,171
9,751.865
2,870,422
49,995
1,421,434
1,375,472
income.—
oper.
1944
1945
1946
railway
railway
965,631
From Jan. 1—
from
railway
Net from railway
Burlington-Rock Island RR.—Earnings—
March—
2002.
p.
$4,342,069
i;)*
"^209,(526
46,882
1945
$5,990,000
3,524,1&2
•;
1946
$4,863,000
1,747,674
1,569,198
21—
earnings
April 14—
Week Ended
Gross
p
Earnings—
1944
$179,800
*65,548
railway
railway
oper.
Traffic
163, p. 2000.
from
1945
$218,400
from
from
Net
1,456,300
gnui'.
—:_iD(f$37,2l7
per share
745,364 shares
from
1943
$190,487
80,618
441,089
from
1,581,303
103,397
$1,121,733
(deduct.1,,bl,WjMGMpw
PMiiTmr
Net income
163,
From Jan. 1—
Gross
103,379
1
CU
1M
taxes
30,962
$530,465
1946
from
3,430,257
$l,250i885in$Tvl30,956
long-term debt'J^W
9a ^82,500
Oth. int. & misc:
V
accrued
Cambria
571,500
■
from
or
operating
25,844
Gross income
Net
$499,503
67.
Blyth
Gross
3,639,874
23,627
State
and
922,458
903,354
600,800
Federal income taxes___
—V.
1945
$4,139,377
3,585,001
deprec._
$5,335,197.—
$7,745,506 $27,516,944 $26,612,534
4,374.435
Maintenance
on
incl.
Canadian Pacific Railway—Traffic Earnings—
Period End. Mar. 31—
Int.
Subs.)—Earnings—
$750,698
&
March—
1722.
p.
and
$774,326
'Deficit.—V.
increased
Operating revenues
Operation
Other
(&
income
'Excluding
p.
1944.
capital
Jackson
Byron
profit
*Net
May
Brooklyn Union Gas Co.—Earnings—
Prov.
of
profit
net
ry.
163,
Presidents
$4,335,700
Gross
Other
Net
Gross
1939, as
and
operating
with $500,210 for 1944.
The
1945 earnings, excluding $78,240
income from prior years
adjustment and after provision
preferred dividends, amounted to $2.88 per common share, based
623,302 shares outstanding at the end of the year as compared
Net
Subsidiary—
with
pared
on
total,
Mr. Ballagh will continue as President
Manager of the company in its new status as a separate
the merged firms.—V.
163, p. 2001.
of
from
with
adjustments
postwar
stock, cumulative (26,681
shares no par),
(450,000
stock
California Consumers Corp.
Net
renegotiation,
Net
income—
oper.
ry.
1945
1944
1943
$244,204
$243,762
$242,275
107,094
56,534
82,468
83,936
11,693
47,218
45,321
790,372
683,276
664,248 '
682,431
SEC
229,413
239,759
258,441
243,244
Davis & Co.
74,205
107<313
158,003
138,793
62,564
From Jan. 1—
hi charge of lndus-
Dulin
S.
com¬
Net ry. oper. income—
.Bendix Aviation Corp.—New Vice-President—
E.
March—
earnings
standing
for
reserves
preferred
common
Patterson-Ballagh Corp., in which the Byron Jackson Co. has
a
minority interest since its foundation in 1927, has now been
division
John¬
and
acquisition,
gas
«?g i
fJ??
$380,850;
and General
1945.
cor¬
or
determine
retain
a
war
April 22 under the direction of the State Corporation
on
income,
$2,668,100;
pari,
Patterson-Ballagh, respectively.
renego¬
compared
as
Weidenhoff
the
and
merged with the Byron Jackson Co., which will hereafter operate as a
separate division,
according to an announcement just made jointly
of
increase
1944.
Box
September.
Atnew oil well, 3j,2 miles from
within
tested
on
contingencies, $750,000;
no
Net
that
announced
additional
to
deposits
customers'
From Jan. 1—
war
$13,156,942
for
total, $20,411,841.
$1;
$729,395;
Byron Jackson Co.—Merges
earnings of company and
has filed a registration statement
shares
decision
of
Net
(after reserves for depreciation of $1,-
goodwill, etc.,
payable,
capital surplus, $4,038,799; earned surplus, $6,319,522;
$20,411,841.—V. 162, p. 2141.
additional
as
Patents,
$4,500,000;
the
contracts,
and to
change the loss on the sale of
the Terryville, Conn., plant and certain other assets of
Eagle Lock
Co. direct to surplus.
As revised, sales of Bowser, Inc. and subsidiary companies increased
31,
Argentina ($1,608,234 restricted
exchange
regulations), $2,119,797;
Federal taxes on income (resulting
profits credit carry-back), $456,246;
$860,061
working
capital.
Mr.
Damon
stated
that
the financial statements In the registration statement and prospectus
include
certain
revisions
of
sales
and
earnings for
1945
resulting
recreate
$350,000
taxes
other
shares
with the SEC
cumulative preferred stock with common
attached, the proceeds of which will be used
all outstanding funded indebtedness of the parent company
retire
and
balances,
Federal
2288.
p.
and
company
200,000
at
con¬
Net current
$684,613;
accrued salaries,
wages
and commissions,
$105,750; dividend on preferred stock, payable April 1, 1946, $33,351;
accrued state, local and miscellaneous Federal taxes, $201,462; accrued
purchase warrants
current
pany's fiscal year,
stockholders at the
excess
LIABILITIES—Accounts
Gross
Hosken
income
In
327,939
*$409,299
etc
cost
first
March
Inventories, $4,484,831;
Canadian National Lines in New England
$26,652,955
Aircraft
$1,538,041
365,111
$410,368
Bowser, Inc.—Earnings, etc.—
R.
son
Beech
856,022
$1,013,221
141,564
97,274
deficits
the
cwid
1944
1945
$813,829
income.
62,615
*$506,573
income
will
out,
to
—Earnings-
income
\
War
years'
Property, plant and equipment
Deficit.
stock
from
26,284
1,803,323
984,248
69,338
(JDr)_
income
The
rate
March—
rents
1946
securities,
$1,888,569;
present
prior
unused
846,391), $2,793,842;
$4,394,950
1,433,823
increased wages granted to employees which were retroactive to Jan. 1
cf this year and which, in that period, an official of the road pointed
per /Share
Gross
$2,762,828
838,638
409,579
317,827
26,486
income
Gross
shares
$2,287,723
(Z>r)—
oper.
ry.
Other
Rentals,
their
$178,945
revenue
rents
facil.
it is
the effectiveness
and
present
from
Mexico
under
of
31,
government
receivable,
expenses and deferred charges, $198,644; cash segregated for
purchase of plant and equipment in process of acquisition, $1,000,000;
1946—3 Mos.—1945
$7,991,550 $19,216,911 $21,304,284
5,703,827
16,454,083
16,909,334
341,205
oper.
Taxes
intention of the company to offer holders of the 59,862
outstanding shares of $4.25 preferred stock the right to exchange
amendments
the
1946—Month—1945
revenues
expenses
Net
the proposed new preferred issue
Subject to adoption of the proposed
registration statement covering
principally
Interest
Operating
on
A
Brazil,
refund
40,000
$67,670
MARCH
States
accounts
claims, $142,437;
Canada,
for
SHEET
United
and
RR.—Earnings—
C. H. Haskell, President, announced
preferred stock now outstanding,
April 30.
notes
withdrawal
Federal
stockholders
The
asked
13,500
prepaid
1,432,209,000
1,274,745,000
Operating
Proposed—
Issue
in
to
Claims
1,810,939,000
1,459,561,000
1,331,090,000
163, p.
82,451
;;
BALANCE
$172,083;
termination
Costs,
1,619,933,000
Period End. Mar. 31—
Preferred
Convertible
Co.—New
$107,670
12 Mos. End. Mar. 31—
Output (Cu. Ft.)—
Boston & Maine
Creamery
Beatrice
$25,218
war
$36,636
1945
—V.
on
1944
Revenues
April
$8,771,183 $26,908,981 $39,027,084
13,419,915
81,013,973 199,992,335
31-
incurred
March,
income
on
CONSOLIDATED
business
1946
647.
Billings
$50,136
$50,136
in
taxes
taxes
$7,155,390;
2000.
p.
Boston Consolidated
1944
$12,659
37,877
The right to convert the
expire
March
1945
Fed.
ASSETS—Cash,
The
January
1946
953,897
$15,711
65,848
terminated
cost,
2514.
p.
The corporation has called fcr redemption on July 1, 1946, all the
outstanding shares of hx/z% convertible preferred stock, $100 par value,
at $110.50
per share and dividends.
Each share of preferred stock
may be converted into common stock at the conversion price of $21
Gas
Bath Iron Works Corp.—Billings, etc.—
...
941,238
1,301,418
expenses
profit
owned
on
below.
Co.
$2,930,598
(net)
before
for
Net
Agreement—
below.—V.
February
Northern
see
Balance
as
1946
profit
See
Chicago—Merger-
& Casualty Co.,
(& Subs.)—Earnings—
shipments and services billed during the first quarter
of 1946 totaled $9,067,852.
In releasing these figures, William P.
Witherow, President, stated
that
first
quarter operations had
been
seriously
impaired by the
national steel strike which closed most of the company's plants for
approximately four weeks, and by OPA regulations which required the
sale of many company products at inadequate prices.—V. 163, p. 2151.
$5,157,367
J'Sn J2
1945"
1946
1,285,706
operations
income
Prov.
subsidiary
program.—V.
charges, State and Federal income and excess profits taxes.
fOn 1,334,458 shares of capital stock
(no pari.
*After a tax credit
amounting to $235,000 computed at a rate of 38% and after a transfer
of $450,000 from the reserve provided from income of prior years for
war and
postwar adjustments.
2,403,215
$2,002,277 §$7,502,605
Retirement Act
a/c RR. Unemployment Act
Tax
375,698
3,897,429
2,290,657
801,071
§$5,649,501
Other
of
Corp.
majority-owned
a
present
*After
The
from
assets
Blaw-Knox Co.
Quar. End. Mar. 31—
„./,ooir
763,552
a/c
tna aaa
382,136
4,019,693
on
income
Net
$10,870,636
1.219,389
,,f
debt
funded
.
—
527,o!4
§$517,572 $12,090,025
292,547
256,316
165,597
1,305,050
Income
Miscel.
494,589
$4,385,410
111,415
funded debt—
Total
.
295,790
income
Other
I'-wL'jMn
1.363,840
$4,070,372 §$1,557,659
315,038
1.040,087
Income §$3,601,627
oper.
ij
656,558
143,440 -
^
Net
Loss
tract
tEarnings
Net rev, from ry. oper.
Subs.)—Earnings
$3,562,938
profit on sales
Selling, gen. and administrative
Com¬
of its
2514.
1945
1946—3 Mos.
1946—Month—1945
11
Mar
operating
operating
(&
31
Gross
the
preferred stock
Inc., Cleveland,
Co., Toledo.
Price to public Is $10 per share.
to use proceeds in connection with the financing
Fremont,
of
filed
29
sharees
Underwriters
proposes
pany
p.
P/n-inH Pnd
March
sales
contracts
Baltimore & Ohio RR.—Earnings—
Ry.
Net
Profit from operations
Reimb.
of prior period costs
1718.
April
on
100,000
Goshia
and
^
Ended
*310,433
income-—
oper.
'Deficit.—V.
(par
stock in treasury at cost
book value $84,700)
Total
162, p.
*245,288
income—_
oper.
Months
3
$1,065,498
*202,887
From Jan. 1—
50* 128
560,026
cumulative convertible pfd.
—V.
ry.
1943
$922,065
Bingham Stamping Co., Toledo—Registers—
(par 25c)
(3,388 shares,
Net
Brunswick-Balke-Collender Co.
1944
$1,075,581
/j
Capital surplus
Earned
from
niq'm
stock (par $25)
$1,50 cumulative convertible preferred
Class A. common stock (par 25c)
Common stock
Net
1945
$746,331
railway
railway
from
Net
'*
————
1946
March—
Gross
/
i}
Monday, May 6, 1946
Lake Erie RR.—Earnings—
Bessemer &
Notes payable
$1.50
?
THE COMMERCIAL & FINANCIAL CHRONICLE
2432
i
•";!•'
''V'-';
i
v
■'
■
■»---r
'Deficit.—V.
Celotex
The
for
163, p. 1857.
Corp.—Registers with SEC—
company
for
and Union Securities Corp.
expansion
facilities
April 26 filed a registration statement with the
shares common stock.
Underwriters are Paul H.
Proceeds will provide in part
on
100,000
and
program
acquiring
and
or
improving manufacturing and mining
constructing additional facilities.
This
Volume
163
Number 4487
program, the company state, is
"
as
js not possible at this time
additional
funds
be
may
pany's cash resources
other sources.—V.
163,
yet in large part only tentative, and
to estimate
required
from
THE COMMERCIAL
the
will
sale
the total cost.
be
provided
additional
of
the
from
Gross from
Net
railway
railway
from
ry. oper. income—.
From Jan, 1—
Central Indiana Gas
Co.—Registers with SEC—
registration
a
statement
Gross
with
the
Bonds Will be sold at com¬
interest rate being named by the successful
$2,944,000 will be applied to the redemption
equal principal amount of first mortgage 3%% bonds; balance
bidding with the
Of
an
will
filed
mortgage bonds.
petitive
bidder.
of
25
be
the
set
aside
construction
a
as
fund
for
property
additions
1946—Month—1945
$4,277,972
operating inc.-
°534,943
1,434,477
180,467
1
Net deficit
tNet
the
estimate
935,730
*232,591
1,245,382
Chief
$234,397
figure for March
to
cover
t$491,538
Officer,
the
and
in
$1,477,973
announcing
t$383,273
three
months
the
1946
in
figures,
include
increases
wage
83.
p.
from
from
Net
ry.
Net
from
Net
ry.
•Deficit.—V.
Under
S.
Calif.,
$1
testified
&
the
Ohio
common
7%
cumulative
year
the
on
The
127,938
1,180,054
1,102,123
426,686
482,100
*74,949
153,297
220,631
284,705
latter,
Marshall
mated
said.
C.
$289,000
a
O.
&
hearing
least
at
charges
Lines,
April
25
exclusive
of
on
year,
from
refundings,
would
result
Pere Marquette Ry. with the
Chesapeake
a
present
introduced
into
not
ascertainable,
163, p. 2289.
year.—V.
operation
were
not
and
and
undoubtedly
Net
from
Net
ry.
railway
Gross
Net
ry.
—V.
and
other
trustee
embrace
economical
maintenance;
greater
board.
some
ry.
than
which,
$500,000
attached to
by
1945
1944
of
the
ry.
1943
Net
ry.
From
Gross
28,597,128
25,626,125
23,839,903
possible
9,733,544
9,002,474
7,097,723
11,995,746
order.
1945
1944
1943
$2,100,442
$2,732,017
$2,914,353
$2,696,306
*205,877
898,539
932,277
from
ry.
*
*496,288
341,717
354,928
7,701,901
8,318,829
7,678,178
168,710
2,094,768
2,492,233
3,007,057
*594,109
757,157
906,246
1,172,490
2239.
p.
1945
1944
1943
$2,649,931
$2,684,396
$2,638,557
*64,582
824,847
850,294
1,058,585
*433,510
253,278
278,089
304,056
6,957,949
7,486,630
7,639,417
7,197,079
591,405
2,092,286
2,415,871
2,633,659
*510,339
717,475
828,065
860,197
railway
income—
2289.
p.
Chicago & Illinois Midland Ry.—Earnings—
'
March—
Gross
lrom
Net
from
Net
ry.
1946
railway
1944
1943
.
8520,415
$599,595
$591,935
80,156
175,909
240,761
293,676
income.--
oper.
1945
$493,169
railway
41,812
75,087
79,059
96,634
1.465,340
1,543,341
1.639.408
1,612,460
374,855
504,927
590,647
740,988
197,203
215,997
231,094
261,718
From Jan. 1—
from
Gross
Net
ry.
railway
railway
from
Net
—V.
income—.
oper.
163, p.
1723.
Chicago Indianapolis & Louisville
March—
1946
from
Gross
Net
from
Net
ry.
railway
$1,164,441
*13,515
income—
oper.
1945
$864,109
423,67i
railway
*149,497
233,51(
2,403,057
3,438,30(
1,241,36'
From Jan. 1—
Gross
from
Net
ry.
railway
railway
from
Net
241,285
income—
oper.
•Deficit.--V.
163. p.
*129,781
703,89
1858.
Chicago Milwaukee St. Paul & Pacific RR,
March—
Gross
from
Net
from
Net
ry.
oper.
Net
from
Net
ry.
$16,456,22.9 $18,733,633 $18,948,320 $18,216,814
*844,141
5,066,301
5,762,741
7,809,569
966,150
2,493,654
2,281,440
5,754,503
railway
from
Earnings
1943
railway.
From Jan.
Gross
income
1—
railway
49,557,651
income.—
•Deficit.—V.
163,
p.
55,594,422
6,485,671
railway
oper.
16,168,844
54,806,211
17,556,020
21,462,242
4,371,390
7,524,705
7,616,924
13,573,712
51,209,478
2290.
Chicago & North Western Ry.—Earnings—
March—
Gross
1946
1945
1944
1943
from
railway
railway
$13,434,835 $13,820,374 $13,675,668 $13,073,090
*592 026
3,557,918
4.009,435
4,876,092
Net ry. oper. income—
•1,984,507
1,834,797
1,940,710
2,733,958
»•* Net
:
from
From Jan. 1—
«
Gross
from
railway..__
38.251,297
railway—3,227,944
39,666,742
9,533,819
income—
•498,290
•Deficit.—V. 163, p. 1858.
4,797,388
Net from
%
Net ry.
*
•
$3,085,946 >$1,592,443
$0.20
<
:$1.22
163, p. 1723.
'$0.63
<
1$ $ tjSl?
H. Roller
&
$15
authorized
present
(37,316
shares
share
per
reimburse
of
for
the
shares
(418,542
each
of
the
A
has
been
Clarence
The
elected
to
be
shares
treasury
and
Co.,
which
has
of
the
and
for
capital
the
shares
by
balance
will
be
applied
member
a
will
current
financing
of
the
added
be
to
in
the
amount
predecessor
to
has
3
by
was
Vice-President
also
of
to
operations.
Power
»
Co.—Earnings—
$241,030
power
Maintenance
Prov.
for
Taxes
than
replac. and
income
ret.
$908,437
317,237
'
74 969
65,963
11,401
-
renewals,
other
$214,745
{
83,609
expenses
12 Mos. End.
1945Mar. 31,'46
1946
revenues—electric
Operating
58,682
10,810
'
277,242
K*':
37,889
9,750
9,750
15,899
taxes
Operating income
14,893
59,300
$45,633
1,299
$177,767
$31,633
$118,762
$54,406
2,045
income
•
;
39,000
>
4,059
income
Income
deductions
Net
incom^
"Federal income taxes.
State income taxes
*Prior
and
March
to
the
Service
corporation
for
and
been
the
of
added
the
insurance
Charles
total
surplus
mechanical
arrange
of
D.
assets
War
policies
has
at
the
a
and
issued
to
that
been
profits
end
ratio
of
of
J.
P.
tax
returns.
The
provision
for
the
three
months
March
to
of
$39,094
the sale of the company's common stock to the
public on
1946, the company joined with Its parent; Crescent Public
Co., and other affiliates in filing consolidated;Federal income
excess
Risk
not
surplus
to
18,
31, 1946, has been computed on a consolidated basis up
including March 18, 1946, and on a corporate basis. subsequent
date.
The provision for the three months
one-quarter of
Dickey,
$951,374,
reasons
companies
However, they
as possible.
are
of
Clinton
working capital.
3 Mos. End. Mar. 31
Other
May
Central
Period—
Operating
Directors, etc.—
Executive
attached
reported
and
of
held
the
total authorized capital stock; of the company is 500,000
shares
stock
(par $1), of which
150,000 shares were outstanding
Colorado
the
approval
for
set
cancellation
corporation,
Incorporated,
with
sale
note
to
creditors.
amount
Secretary
the
been
the
a
while
common
Gross
hearing
Horner
been
authorized
from
against
Machine
outstanding)
new
;.v
.
,
2154.
p.
H.
has
1945.
50,000
shares
five
company's
debentures
claims.
163,
October,
•••■-.
the
$100
in
taxes
for
the
ended March 31, 1945, represents
company's allocated portion of the Federal income
this
year
1945
on
a
consolidated
1945
about
BALANCE
SHEET,
basis.
MARCH
31.
1946
ASSETS—Property, plant and equipment, includ'ng intangibles, $2,-
059,214;
total
special
able, $100,141; notes
deposits, $644; cash, $163,279; accounts receiv¬
receivable, $3,031; materials and suppl.es, $54,440;
in
always
it
is
exact
as
near
not
prepayments, $8,609; estimated refund of 1942 Federal income taxes,
$16,403; total deferred debits, $7,647; total,
$2,413,407. .v
A
LIABILITIES—First mortgage 3%% bonds, Series A, due '
May 1,
1959, $651,000; notes payable, $150,000; accounts
payable, $49,214; con¬
sumers'
deposits—refundable, $43,266; accrued items, $97,210; total de¬
ferred credits, $28,924; reserves for
renewals, replacements and retire¬
ments, $682,852; reserve for uncollectible
accounts, $16,422; reserve for
contributions in aid of
construction, $41,892; other reserves, $2,400;
common
stock
($10 par),
$437,500;
capital surplus, $85,638; earned
surplus, $127,089; total $2,413,407.—V. 163, p. 1422.
always
alphabetical
alphabetical
,
Colorado Fuel & Iron Co.—Shares Offered—Hirsch &
oper.
is
of
$1
May 1 offered to the public 275,000 shares of
(no par) $17 a share.
Selling commission
share.
The shares are being sold for the accounts
on
comon
a
stock
group of
stockholders, including * Allen ; & Co.,
Schoellkopf, Hutton & Pomeroy, Inc., and Niagara Share
Corp.—V. 163, p. 2290.
$2,405,581
railway
163,
per
$28,000
Co.,
income...
oper.
$1
417,589
1—
Deficit.—V.
^'724,371.;
1,087,213
6,081,618
railway
from
Net
of
par
determination
NOTE—-For
position
income--.
oper.
Net
aggregate $101.50
of
49,579,607
railway^
Jan.
of
active
58,594,404
1946
from
Proceeds
cumu¬
corporation, whose facilities are available to the clergy and
lay workers of the Episcopal Church, had, insurance in
$29,759,104 and outstanding annuity contracts calling for
payments to annuitants of $564,607 a year.—V. 157, p. 519.
the
force
61,971,826
March—
from
Co.
4,679,332
income—
163,
of
common
formed
The
9,132,184
1—
oper.
Net
will
since early in
1940.
The clause
policies issued since the Fall of 1945.
2,110,815
Chicago Great Western Ry.—Earnings—
Gross
par
present share of
would wipe out divi¬
corporation
&
$504,282
' '
"'
,
,
1944
In addition to facilities for tool making,
machining and foundry
work, the company has three principal products—the Clinton Model
700 engine,
the Thomas Metal Disintegrator, and the' "Reco" High
Compression Set for use with John Deere "A" and "B" Tractors.
The company's plant is located in Clinton, Michigan, consisting of
an
office
and
engineering building, a production building, and 'a
foundry.
'
ended
also
Treasurer
8,271,702
railway
railway
•Deficit.—V.
Hills,
share
new
each
This
1946
common
respective
Rev.
Clause
$8,511,747,
11%.
$21,218,254 $20,090,247 $18,242,460
on
of
directors
Exclusion
1943
oper.
Net
30,
place
payment
Worthington
2,668,474
from
from
$100.
par
par
May 6.—V.
The
Mr.
The
•.
,
railway
railway
From Jan.
Net
Beverly
no
years.
19,222,834
from
Gross
in
at
to
Worthington
director.
a
/
$4,465,177 >$2,316,819
•
/V
253,928 y: 1,379,231
share—
2,500,000 shares.—V.
Balance
esti¬
methods
Chicago & Eastern Illinois RR.—Earnings—
Net
for
Church Life Insurance Corp.—New
any
1858.
p.
from
exchange
June
stock,
$1
the
claims
until
9,606,200
income---
oper.
Net
of
that
used
in
Court
or
1,070,599
March—
Gross
in
stock,
as
share
be
53,650,212
railway
railway
163,
of
one
authorized
new
3,068,476
income—
Fox
that
1—
from
from
Net
$17,001,233
railway
oper.
From Jan.
proposed
exchange for each
X.
postponed
The
1946
from
22, 1946, filed with
District Court for the
S.
B.
Finn, trustee for the company on April 26 asked Federal
Judge Edward A. Conger for leave to pay in cash to debenture holders
and all other creditors, 20% of original
principal amount of debentures
Morgan
March—
issued
750,000
expended
John F.
excess
profit
Purchased
will
Robert
Chicago Burlington & Quincy RR.—Earnings—
Gross
be
preferred
and
one
held,
and
'
.
The
present company was incorporated under Michigan laws on
April 1, 1946, and is the successor to Clinton Machine Co., a co-partnership formed in February, 1944, and Clinton Foundry Co., a Michigan
Trustee Plans to Pay 20% on Claims—
market conditions.
figure, he added, does
deriving from more efficient
practices
although
of
cash
This
savings,
is
in
U.
planned that the reorganized company obtain a term loan
in the amount of
$2,500,000, at 3 %, as proposed in the trustee's plan.
The
proceeds, together with $1,046,355 obtained from the sale of
69,757 shares of new common stock to common stockholders in the
Ry.—Savings Cited in Merger—
savings from the coordination Of the C. & O.
Marquette, following C. & O.'s acquisition of control of
in 1929, have amounted to about $500,000 a
year,
Mr.
Pere
the
Lewis
is also
ratio
Ohio
of
April
the
it
issued
dated
of
by
York
outstanding).
340,817
surtax
$758,210
i
1945j •'
Co., Inc., New York, and Smith, Hague & Co., Detroit, !
made a public offering April 30, of 100,000 shares of ($1
par) common stock at $2 per share,
<
' * ; .
750,000 shares of no par common stock
(324,415 shares outstanding.) there will be authorized
50,000 shares of
series preferred stock of no
par value
(37,316 shares to be out¬
81,411
ascertainable
and
and
basis
Conger
be
which
present
62,263
1,111,305
Net
$4.50
It
the
A.
stockholder,
provides
7%
standing)
Savings in interest charges realizable from the
refunding of Pere
Marquette bonds,
testified
to
earlier
by
W.
H.
Wenneman, VicePresident of the Chesapeake & Ohio
Lines, were estimated at $350,000
a
plan
the
income,
increment--
•Earnings per common
before
of
discovered
corporation
Reorganization Proposed—
share.
198,431
1723.
of
998,807
preferred
dend arrearages
154,521
*5,481
unification
847,990
New
stock
stock
par
*54,397
System.
824,582
outstanding and that one new share of $4.50 series
lative preferred stock, without
par value, and
five new shares
128,706
that savings,
amounting
to
savings in annual interest
from
1,660,444
*827,428
reorganization
of
preferred
common
1943
Senior
Vice-President
of
the
Interstate Commerce Commission
an
1,557,414
6,312,373
1,603 054
now
$414,429
Marshall,
at
6,878,690
charges but before deple-
and
Vjif
Clinton Machine Co.—Stock Offered—F.
1858.
p.
of
District
a
par
share
and
905,784
&
454,589
6,632,009
140,209
Judge Edward
1944
income—
Chesapeake
235,015
6,495,693
163,
plan
a
Federal
be
Ross
362,112
Childs Co.—New Plan of
$419,656
railway
p.
*625,803
1946
.
-27,925
•Deficit.—V. 163,
666,849
Co.—Earnings-**
31—
profits taxes
1943
$2,220,639
503,132
income.—
oper.
1945
railway
oper.
1244
$2,353,073
661,369
1—
$398,517
ry. oper. income-.From Jan. 1—
Net
1945
$2,386,144
railway
railway
1946
railway
railway
Net
Gross
11,962,689
*289,959
from
$327,660
Irom
from
7,358,916
tion
Federal
41,856,629
18,389.136
$2,253,602
railway
railway
oper. income—
ry.
Gross
The
March—
Net
44,963,888
17,680,406
1946
from
from
shares
Charleston & Western Carolina
Ry.—Earnings—
Gross
Net
Southern
Executive
Chadwick-Hoskins Co.—Offer to be Made to Minority
Stockholders of $50 Per Share—See
Textron, Inc. below
154,
4,025,856
March—
Gross
1,338,267
already agreed to or in prospect
retroactively for the respective period.—V. 163, pp. 2239 and 1857.
—V.
48,742,022
19,287,563
7,211,630
9.248,442
after
Chicago St. Paul Minneapolis & Omaha
Ry.—Earnings
1,721,540
444,192
income.
Wyer,
that
845,280
Molybdenum
Quarters Ended Mar.
Net
*On
From Jan.
414,864
deductions
said
40,180,339
income—
163, p. 2002.
—V.
Net
1946—3 Mos.—1945
$5,611,169 $11,811,236 $14,773,902
74,701
Gross income
Fixed chargse and other
an
railway
railway
Net ry. oper.
and
Central RR. of New
Jersey—Earnings—
Period End. Mar. 31—
Gross oper. revenue
Net rwy.
•Deficit.
from
from
proceeds
betterments.
The premium of 7Vac/c
and the accrued interest on the
old bonds will be
paid from the company's general funds.—V. 163, p. 2289.
William
Net
1943
$13,262,0^6 $17,270,942 $15,904,593 $15,410,144
1,124,786
7,014,305
6,273,445
7,131,751
111,536
3,017,792
2,801,242
4,695,365
Net
The company on
April
SEC for
$3,250,000 first
Climax
March—
com¬
or
1561.
p.
Chicago Rock Island & Pacific
Ry.—Earnings—
1946
1945
*A 1944 J'.'
Whatever
of
out
securities
&
FINANCIAL CHRONICLE
39,742.875
11,389.399"
6,022,900
\
36,296,538
12.022;212
-
6,557,157
a
THE COMMERCIAL & FINANCIAL CHRONICLE
2434
|feS
—
215,>501,935
Operating
for
Amortization
M
depreciation
plant acquisition adjustments.
of
General
taxes
Federal
income
"**•'
Gross
Divs.
debt
of
preferred
on
Other
26,013,267
debt
disc.,
stock
15.471,715
6,653,119
10,872,088
563,397
20,488,698
15,664,007
800.000
19,688,698
subsidiaries
of
and expense.
prem.
subsidiaries
of
49,224,328
14,570,390
5,466,200
9,977,902
taxes
1,265,701
14,398,306
deductions
Net
'
income
Appropriation to special property reserve
Balance preferred dividends of parent
case
16,422,257
19,794,102
531,126
long-term
on
Amortization
-
profits
excess
CAPITALIZATION GIVING
Series
of
Series
Series
88,116,655
of
3,937,688
245,044
and
Fed.
250,000
Other
state
and
315,154
509,404
Net cper.
taxes—*_
24,616
37,527
104,411
116,261
taxes--
93,882
98,848
371,765
378,441
$232,656
$205,122
$698,341
$518,185
84,056
84,355
448,960
Gross
Net
(net)
income
Income
$316,712
$289,477
$1,147,302
162,
24,984
344,932
$264,493
$802,369
Debt
discount
Other
income
of
"No
excess
296 216
1 70,995
def.$l,170
and expense.--.,—
(net)-.
10,319
va^
Int.
profits tax
above
$41,762
def $58 441
includes
1944
charges
for
depreciation
and $162,307 for
^discounts of $24,988),
ifA
certificates
maintenance and
Paper
sacks,
at
accrued interest,
ammi
fnr
System
163 inn
S
p,
Iidated
2290COmSP°"
Gas
fl
output
of
8
in11/
The
payrolls;'
bids,
and
wIP
Halsey, Stuart
& Co.
electricity
April
30
at
these,
on
issued
Aug. 1, under which
naming
a
competitive sale.
for
a
sinking
amount equal
to
sucly
results
so
in
The
taxes.
regulatory
reclassifications
commissions,
independent
but
afceord
to
are
opinion ot
chargeable tq
in taxes, as to
in
the
accountants,
the
taxes
not be reduced by such reduction
overstating gross income by such amount.—V.
163,
1860.
p.
$8,000,000 Unfilled Or*
ders—Two New Directors Elected—
Gordon
Lefebvre,
production
unfilled
orders
potential
President,
the
both
at
hand
on
in
April
on
Vernon
Mt.
'
of
excess
reported
29
and
a
high
City
Grove
;
$8,000,000.
He
of
level
with
plants,
reperteel
also
for the company's products at a higher level
the company's peacetime history.
The Strike at
Grove
City plant,
now
ended with
failure of OPA
ceiling prices
adequately to reflect the rising costs of material and labor, resulted
in an operating loss for the
first quarter which, however, was more
at
demand
in
time
any
offset
carry-back
by
operating
of
loss
and
profit
excess
tag
credits.
President and Treasurer of the Mt. Vernon, Ohio,
Paul A. Frank, President of the National Rubber
Clyde G. Conley,
Co.,
and
Machinery
1423.
Akron,
Co.,
Ohio,
have
been
directors.—V. ' 163,
"elected
p.
NOTE—For
tax
The
999,951
361,665
658,326
734,601
102,003
$6,429,356
—
$5,971,539
$5,830,539
$6,178,079
3 Va %
bonds, at 105 % %
name
of
of
amount
$1,980,000
107%
1,050,000
bonds
be
to
to 1%
fund
of the
"ny
purchaser
purchased
Go
J. B.
each
■
Moore,
Leonard
Riter & Co.
1,050,000
420,000
—;
Net
368,000
-
~
1
.
12
—
-
They
income
J
.«»■'
■
Gross income
of
premium ori bonds—
Other deductions
Amounts
jNifi('
ii
-'■■■•
—/$2,891,861
Interest and amortiz.
under
$2,295,662
,
(
$8,845,876
167,955-'667,792 - C 662,106
■■■
•'
■'
La
-
84,465
„
42,114
———"999,952
Pavable
2,358,348
,
658,007
*513,072
411,891
Net
income
Earns, per com. share—
$2,336,950
.n!£mouJnt.s;?<luivaleat to reductions
1944 and
1945
losses
on
resulting
sales of
1,847,550
$1.73
from
$1.31
163,
$5,978,554
$4.83
$4.03
-
in Federalvtaxea- oft inc&rae in
redemption
retfl ^stAte.—V.
$6,919,345
•
p.
of
certain
2290.
bonds
"
411,891
$541,112
8159,860
—
Dr421,053
4,258,618
—
$421,053
159,860
contingencies
surplus
4,258,618
3,71^506
$4,258,618
$4,258,618
$4,258,613
($1.31
.§$1.62
§$1.85
<
(including amount of refund resulting from accelerated
recorded in-the books).
(Before deduction for
of emergency facilities net of; related tax
§$1.30 per share before recapture of prior year's taxes.
•
)
profits taxes
amortization
refund;
"rot
amortization
accelerated
BALANCE
SHEET,
DEC.
31
Cash
U.
S.
and on deposit——
hand
on
Govt,
securities
•
.
'
1944
1945
$1,989,299
313,286
ASSETS
—,—
(net)——-
and
(after reserve lor
receivable
accounts)
$2,4O0;352
3,610,466
4,292,018
2,751,133
Federal
of
doubtful
—.
—
income
and
excess
profits
285,000
70,854
Inventories
Miscellaneous
(Property
imported copper and nickel
assets
account
Deferred
charges
——
—
balance-.
266,562
441,915
4,940,672
4,342,032
———
Patents—unamortized
5.182^210
115,725
431,130
—————
—
137,810
5,702,995
for
prior yeaTS-————
"Receivable from Defense Plant Corp.——
taxes
Duty drawback on
lareest*
.
99,295
91,763
411,891
1944 $59,993 and in 1943 $182,802 excess profits
taxes paid for prior-year recoverable because of unused excess profits
tax
credit for 1944 and 1943.
(Applicable to prior years, $323,878'.
and to 1945, $109,259, less related refund of Federal income and excess
§Refund
,2,206,074
268,730
t.
!;
$1,052-,297
$924,707
$656,236
j
•
$9,507,982
•'
573,953
>
■
year
earned
Accounts
521,758
33,152
$1,052,297
>
"After deducting in
;$9 J26,309
-
$924,707
for prior yrs.
of emergency
dividends
7,718,050
$2,463,618 $10;394,101
$760,649
>
Earned surplus at end of year---.
_
8,042,049
*155,899
Surplus
,
,
*330,353
dividends^
Previous
Total oper. revenues. $14,312,506 $15,202,327 $54,403,156 $54,750,623:
Operating expenses
8,174,065
8,702,561
30,349,343
31,986.040
Dcprec. and amortiz.—
1,450,873
1,796,490
6,285,454
6,200,656
.
.474,672
Earnings per common share
2,461,013-/ 2,407,613
$1,400,929
192,733
"
31
1946—12 Mos.—1945
,
$2,726,554
for
income
Net
Preferred
1,050.000
' 788,000
MARCH
214,171
taxes
amort,
Reserved for
ENDED
$1,519,231
208,747
304,433
Common
MONTHS
$1,444,068
facilities
263,000
-
$3,269",471
1,'868,542
1,990,316
State income and
bef. adjust
inc.
(Accelerated
315,000
1,943,000
368.000
i—r__
1943
.1944
$3,509,547
(net)
profits
excess
reveriues.
—
charges
The Wisconsin Co.
1.050,000
CALENDAR YEARS
2,232,856
from operations
profit
Swiss "American1 Corp.—263,000
Union Securities Corp.— 1,943,000
G. H. Walker
Co.,.——
525,000
263,000
AND
Net
1,050,000
Smith, Barney & Co
Stein, Barney & Co.—
Stlx &"Co.
$0.45
1942
$3,676,924
profit from sales
and admin, expenses—
Prov. for Fed. and
315,000
Scribrier
$0.42
$33,911,149 $35,396,142 $33,622,430
30,234,225
31,886,595
30,352,959
sales
368,000
788,000
Income
Singer, Dearie &
1,943,000
Operating income
$0.45
Def.$0.40
less discounts, etc
sales,
of
Gross
&
Phelps, Fenn & Co
Reynolds & Co.
158,000
3
sh.
t$258,284
Selling, gen.
420,000
.
Other
a
1943
1944
1945
Gross
Cost
263,000
Co._
&
Lvnch——
263,000
FOR
—
on
*$242,223
INCOME ACCOUNT FOR
525,000
—•
Turben & Co.—
The Milwaukee Co.——_
1,050.000
& Co.
—
315,000
Taxes
vote
will
because
carry-back of unused excess profits tax credit.
No provision re«j>
quired for Federal and State income taxes for 1944 quarter.
jAfter
depreciation and provision of $194,370 in 1945 and $166,496 in 1943 fori
Federal and State income taxes.
$On 514,864 common shares.
§ After
crediting $55,265, representing one-fourth of reserves charged against
operations in prior years which were found to be no longer necessary.
1,943,000
Merrill,
1.943,000
—_
Hilliard & Son,
1945
1,943,000
McDonald
Inc.
Cleveland
oper.
6
t$253,631
1,943,000
Co.—
Lehman Brothers
.1,943,000
First
May
of
420,000
368,000
Co
1946
Def.5$188,521
taxes
Martin, Bums & Corbett,
Drexel & Co.
Farwell, Chapman
on
"including $124,230 excess profits?tax recoverable from
the
263,000
1,943,000
Laurence M. Marks & Co.
1,050.000
CO.
meeting
profit after charges
and
420,000
368,000
263,000
—1
&
annual
of
$Earnings per com.
of
by
Company—
W. C. Langley St
LaZatd Freres Co.
420,000
__
Estabrook
Illinois
Kuhn, Loeb & Cb
42OJJO0
R. S. Dickson & Co., Inc.
Dominick fc Oominick
Eastman, Dillon
Cost
a
Quarter End. Mar. 31—
Net
respectively.
principal
Kebbon, McGormick &
Co.
Kirkpatrick-Pettis Co.—
1,980,000
158,000
1,050,000
The
and
each
The
& Sons
&
at
Copperweld Steel Co.—Earnings—
Ripley & Co.,
Co.
the
at
$171,317 and held in its treasury.
This.will
reduce the presently authorized capital stock from 250,000 shares of
no par value to 220,567 shares.
It will also decrease presently issued
shares of" common from 160,000 to 139,567 shares:—V.'157, p. 2447. *
516,012
277,692
Collins
stockholders
proposal to cancel 20,433 shares of common stock acquired by the cor¬
poration
credit.
Brown
possible.
as
Coro, Inc.—To Reduce Capitalization-
1,902,500
-s
reduc.--
O
mechanical reasons it is not always
to arrange companies in exact alphabetical
However, they are always as near alphabetical
2,421,495
$10,783,783 $11,017,661 $41,285,411 $41,458,083
Gas ©per. revenues
3,488,071
3,680,171
11,991,046
12,194.603
Steam heat oper. revs.540,652
504,494
l,126r697 ..1,097,935
2%%
under such indenture dur-~
Aug. i is paid to the trustee
The cash
applied by the trustee to purchase
bonde lsmed
undpr such indenture at not more than their
applicable redemption
f-s or*
no'; 80 obtainable, to redeem such bonds at the applicable •
Is
should
operations
do
lieu of
of
and its
order.
follows:
Electric
f year ending on such outstanding
°f bondj. of a11 series
received
2,401;273
'
s
chgs.
or
EARNINGS
Inc., 105.66.
an
2,380,941
Dean Witter & Co.——,.
a?d FirSt Boston Corp., 105.73;;
provides
in*
expense
$3,957,287 and
applicable
\
Hornblower & Weeks
W. E. Hutton
Co
•n8i the
»
or
requirements
company
position
2,258,270
past
1,050,000
J.
com-
S1 AIex' Brown & Sons, Baltimore, Md! Indenture'
bonds are
v,
which
provision in
taxes
$9,372^471" $9,482,425 $10,604,077
Hallgarten & Co
1,050.000
Harris, Hall & Co. (Inc.) 1,050,000
Hayden. Miller & Co.—
525,000
Hemphill, Noyes & Co.— 1,050,000
1 and Oct. l)
annually
and
periods of
portion,
net
with
the
of disc.,
Glore, Forgari & Co.
Dated April 1, 1946; due
April 1, 1981. Princioai ami interpst iAwii
payable at office of Bankers
Trust Co
New York
or at *
-
premium
1945
to
accordance
786,729
a net interest ebst of
each
discount,
1946 and
$9,817,348
635,158
1.946—3 Mos.—1945
awarded
the
$8,847,267
658,229
pensions
Series
as
°f M ye:&r' an increase.
ahnntV9fift^ onTwo other
a bid of 103.5534,
2.60%.
at
$8,714,242
Corp.
?n Mfy ? offered-$44,660,000 series R,
ug!v slnk,ng funds tonds at 104.50 and
£1
bonds
about
$9,294,877
Robert Garrett & Sons—
Electric
were
of
Courts
,^ 5<ns
interest.
4,075,843
173,764
$9,965,269
for
appro,
Julien
,
93/ w
"50,870
Clark, Dodge & Co
Light & Edwer Co.; of
Ronds Offered—An investment banking* group'
teaded tj-Hamman
Ripley & Co, Inc., and Alex
-
2,923,34 1
24
Barret, Fitch & Co., Inc.
A. G. Becker & Co., Inc.
William Blair & Co...—
n™C,kaf ed} for the week ended April 28,
to 180,700,000 kwh., compared with. 167,100,000 kwh.
week °f 1945, an increase of 8.1%. Local
tL L jlty amounted to 172,300,000 kwh,, compared with"
^y!^6'3,
5 5%
2,681,585
C. Allyn and Co., Inc.
Bacon, Whipple & Co.—^
SstrihnHnn^r1?"?1^
of
debt
equivalent
$3,697,518
of
reason
Bridge
A.
Co. of New York, Inc.—Output—
announced
3,006,94 1
28,978,121
together with such additional amount from
general funds of the company as may be required, will be applied
redemption of $20,844,000 Series N 3,/4% bonds, and $23,816,-
Alex.
less
C9'916 shares), $99,916; class B stock, 110
fufcstanding 258 shares), $1,032; capital surplus,
l
3,424,8lv
$5,881,930
reduction in Federal income and excess profits taxes
deduction of costs incurred in refunding of securities'.
with
generally
accepted accounting principles, - such
special charges were classified prior to Dec. 31, 1945, as provision for
of
by
4,313,029
387
Inc.
oper-
cost
prepBl axpenses. $15,366; cash surrender
»53>900; sinking fund deposits (prin'fflad! subsewent to close of year and shown
May
1942
1943
5.526,342
tax
amortiz.
&
Harriman
priced
SUrp US Slnce Jan' 1» 1936, $319,201; total, $3,276,499,
on
respectively,
In
the
are
(after reserves
^
an
1944
34,308,077
UNDERWRITERS—The
bonds and the principal
'
^Consolidated Edison
oompany
1946
&
000
of
2268
of
special charges in the
periods,
PURPOSE—Net proceeds
rfnporf
'
Federal and State income taxes, .(less
"f united States Treasury tax notes), $64,649; provision for
$4qfl?RC- U °'426;- funded debt'current sinking fund require?859 3nn is vnal «^ar' f'rst mortgage
bonds, due Feb. I. 1950/
woinl ^
X notes, due Feb. 1, 1950, $82,100; class A stock,
par
$7,122,337
2,945,006
;
'
NOTE—Amortization
eludes
than
670,392
income
to
and
1945,
$107,438; inventories
A307'234: cloth and
stock
storage property and busi¬
5,941,451
surtax--
income
Net
ment
p
in Maryland.
36,710,071
deduc.
"~800
KeneS^aSf*?l2,25€;
162,
gas in a limited area
preferred
on
$2,438,022,
than
income
stantial
the
fit
«l 615 n?n-
the
15 000
total, $3,276,499.
—V.
of
6.631,050
income
Other
38,000
'
and
mr
business
Other
not incl. in oper. inc.
which resulted in sub¬
I uiIity* per contra), $49,693; machinery and equipment
ofints nrrtS!? 1 y ' pFP°*es» <after reserves of $461,-833V $93;4Ur
End deniefint Iff *oSoneoo'ry Jan£s (after reserves for depreciation
Snd expenses, $17,653;
^E;78?'?3A' W.7H.021; unamortized bond discount
and PvnintA
no
1881.
electrical
taxes:
and
income
'Service
payable.
statement
^
Is orn
and
gas
35,858,253
amortization
"Denotes
fSS
'
&
Portions of los.
Slv dPnnifrrtrLfL^SUtai!,Ce'
-
It
$54,791,508 $54,047,373 $51,554,157 $47,358,105
—
prem. & exp. on bonds
Pay.
$2,962 def.$73,441
off ieerv' iff
of
Power Co.
and
(excl. inc. taxes)
Gross
V327
for prior years.
iting suiplfeseSlt rn^f t^A7^fketi ll95>158;'
ftHnwanpp
of
the company sold its cold
revenues
Operating
Crll',057
'
;
electricity since
sale
expenses
income
Other
81001
Cr21,789
llllSSMiPi^^ANCE SHEET -DECEMBER 31, 1945
of^ndemednessSh$255oo1i^5nprnnnftedand notesTreasui'y
?tate?
; i
accounts
receivable
debts
of
sales
$8,826,937
4,379,607
income
possible
58 478
depletion aggregating $193,438 for
for bad
Light and
4,068,480
2,993,153
79,477
and expense
prem.
Balance
of
Gas
4,180,320
80,932
disct.,
1906,
20,
Co.
Consolidated
Electric
debt
long-term
on
of debt
deductions
op-
^Net profit
NOTE—Ihe
Gas
1945
taxes
1,725,322
$88,770
cost
Ln?™ces\P™ms tax P^ab'e)
.
corporations,
June
1,995,228
$17,477,798 $14,263,451
utility,
State
135,910
net
Additional Federal income taxes
Kansas State Income tax
,.
Maryland
3,244,873
5,422,949
$2,191,364
Profit before income taxes
♦Provision for Federal Income taxes for
current
„
former
two
in
company is
Normal
309,592
bonds and notes
on
Interest
Amort,
Other
Net
incorporated
2,752,96*31
3,287,800
-r~
profits taxes
income
Gross
1944.
was
6,640,750
2,143,430
adjustments
excess
28,323,28fir
7,075,475
one
other
1943,
Operating
Fed.
1,872,106
?rof*fc from operations
Interest
in
'
1944
$2,406,378
expenses
Nonproductive plant overhead,
eration of dwellings, etc
1
any
the
$737,451
1945
solds
Belling and general
r.
at
1945
26,309,035
plant acquisition
income and
Federal
the
to
part of the properties and businesses
companies, some of which previously had, and
been subsidiaries of the company.
of
and
1,
Deprec.
-J/-,
Cost of goods
subject
EARNINGS SUMMARY FOR CALENDAR YEARS
Consolidated Cement Corp.—Annual
Report—
sales
of
includes:
Operating
Calendar Years—
Net
$100,000,000 outstanding
be Issued
now furnishing, without competition from any other
electricity and gas in the City of Baltimore and adja¬
cent territory.
Electricity and gas for industrial purposes are supplied
to a variety of users.
The population of Baltimore, according to the
1940 Census, was 859,100.
110,960
$302,450
re
$61,281,764 $57,655,283
Cooper-Bessemer Corp.—Has
The
public
2144.
p.
to
may
of
Amort,
ness.
$848,412
14,262
deductions
income-.
—V,
bonds
not,
330,227
revenue
Other income
limited
amounts
sidiary, purchase and sale of natural
1,164,789
local
series
1946
—
General taxes
prof.
exc.
Federal
all
appliances and allied
merchandise; production and sale of steam; operation of office building
for use by the company and its tenants;
and, by a wholly owned sub¬
250,000
154,452
and
1,167,397 siis.
par)
principal business is the purchase, production and
electricity and artificial gas. The company and its predecessors
been engaged in the production
and sale of gas since shortly *
the incorporation of the first predecessor in 1817,
and in the
On Dec.
taxes
is
Co.—Earnings—
Power
expenses
for depreciation
Provision
company's
company
maint.
contingencies
inc.
2,000,000 shs.
(no
3'/4%
had
The
396,526
defd.
68,928 shs.
number
a
some
3,608,814
86,605
for
222,921 shs.
68,928 shs.
sale of
$6,433,018
924,019
Prov.
222,921 shs.
O
after
$1,667,278
aircraft
with several additional airlines
disclosed.—V. 163, p. 777.
was
revenue
Operating
208,151 Shs.
of
production
55,931
($100 pari;
Baltimore City and Consolidated
has subsequently acquired all or
1946—12 Mos.—1945
940,128
it
negotiated,
Consumers
Dividends
Lighting Co.—Earnings—
$1,501,667
40-passenger
Contracts
planes.
new
being
12 Months Ended March 31
Series
P.
have
maint..
the
of
20
Gross
pany's
the
the
weekly kilowatt-hour output of electric energy of subsidiaries
corporation adjusted to show general business conditions of
territory served for the week ended April 25, 1946, amounted to
240,833,214 as compared with 256,582,679 for the corresponding week
in 1945, a decrease of
15,749,465, or 6.16%.—V. 163. p. 2290.
and
300-mile-an-hour
these
of
a
as
now
2,331,000
4'/2'<
by consolidation
revenue
(Closed)
general limi¬
t $2,716,000 Series Q 2%% bonds in
temporary form executed
company and lodged with the trustee may, upon approval of
S. Commission of
Maryland, be issued to reimburse the com¬
treasury for the acquisition and retirement of a like amount of
by
this
exp.
'/
negotiations.
for
5,000
COMPANY—Company
for depreciation--
the planes was originally an-^
of the contract was delayed by
reduction in American 'Airlines*
stock holdings by The Aviation Corp.
This divestment accomplished,
Consolidated Vultee, a subsidiary of Avco, was fiee to complete; final
Aeronautics
gen.
4%
Additional
tation.
The
Prov.
of
Actual signing
Board pending
January.
in
Civil
the
Purchase
airplanes.
pressurized
nounced
are
44,660,000
Md
stock
Total
time.
income by such amount.
1946—3 Mos.—1945
Outstanding
$7,000,000
12,000,000
5%
B
Common
Weekly Output—
Oper.
A
Series C
provision in lieu of taxes.
The reclassifications are to accord with
requirements of regulatory commissions
but in the opinion of the
companies and their Independent accountants, the taxes chargeable to
operations should not be reduced by such reduction in taxes as to do
Operating
Laurel,
Preferred stock cumulative
or
Connecticut Railway &
City,
•>
with
major step in American Airlines' plans for offering
airline passengers greater speed, comfort and convenience.
Deliveries of the Convair-240 will begin in April, 1947, to American
Airlines
and
also
to
Western Air Lines,
which recently contracted
»
4'/a%, due April 1, 1954
Mayor and City Coun¬
mtge.
cil
1945
Period End. Mar. 31—
bonds
June
Con¬
Indebtedness to
and expense includes special
periods of $4,692,953 and $5,7b3,394,
portion, applicable to such periods, of net
reduction in Federal and state income and Federal excess profits taxes
by reason of deduction of costs incurred in refunding of securities.
In accordance with generally accepted accounting principles, such spe¬
cial charges were classified prior to Dec. 31, 1945 as provision for taxes
of
(due
Consolidated Gas Co. of Bait.
1946, amount to $42,970,054.
results in overstating gross
3%
1, 1969
tSeries Q 234%, due Jan. 1, 1976—
Series R 2%%, due April 1, 1981
Amortization Of debt discount, premium
so
mtge. sink, fund
P
Corp.—Contract
corimration on April 30 announces the consummation of a con¬
American Airlines System for 100 Convair-240 twin-engine,
The
tract
Purchase
PRESENT "FINANCING
TO
Authorized
ref.
First
including fractional script, after taking into account dividend paid on
charges in the 1948 and
respectively, equivalent to
EFFECT
Aircraft
Vultee
Consolidated
•>
■
summated—
garded
NOTE—At March 31, 1946, dividend arrears of $29 per share on the
outstanding shares of the corporation's $6 Series Preferred Stock inot
April 11,
with
accrued interest.
Also redeemable, through operation ox the
Sinking Fund above referred to, upon similar notice at the following
redemption prices; if redeemed prior to April 1, 1947, at 104.62%-;
thereafter with successive reductions in the
redemption price for each
12 months period beginning April 1; in each case with accrued interest.
21,841,948
8,336,825
51,034,318
and
1,
1947, at
107.50%;
thereafter with successive reductions in the
redemption price for each 12 months period beginning April 1; in each
.
94,039,171
16,449,288
-
—
income
Interest
299-^8,634
91,995,824
21,563,450
8,445,786
expenses
Provision
m
-1945
1946
revenue
redemption prices. The Series R bonds are redeemable at the option
of.the company as a whole or in part at any time on not less than 30
days' prior notice at the following redemption prices: prior to April
Subs.)—Earnings
Commonwealth & Southern Corp. (&
Gross
'.£
-
12 Mos. End. Mar. 31—
^iv
Monday, May 6, 1940
}// ■>
••;' •
■
——
—
21,649
27.043
390,881
240,892
from
Total
———
$17,273,317 $20,680,616
*
J..-
.:«
^Volume
163
,;!■&.'>!, i'<*
J?.
&>:*•+ v.-
+
'.
,:■
/
Number 4487
2435
;
^/LIABILITIESNotes
payable—Banks (Regulation V Loan)
Accounts payable
.
Due
$2,134,076
$4,500,000
730,542
1,281,164
i.7,259
35.757
159,333
206,847
to
suo^idiary comoany, not com>oi
^Accrued taxes (other than Federal)
V Accrued
salaries, wages and bonuses
5 Interest
accrued
24,094
74,641
for
eserves
adjustments,
pfd.
stock
stk.
(par value
S5
of
in
treasury
tf $1,600,-000 of 10-year 3%
coelerated amortization of
(incl.
in
1945
2,574,320
1945,
Interest
notes
on
$1,359,570
and
from
in
in
1944
Net
and
from
voted
was
—V.
their
annual
the
preferred
meeting
held' April 23 to
unissued convertible preferred
shares
named
Crowell-Colller Publishing Co.
Common Stock Of¬
fered—A banking
syndicate headed by Wertheim & Co.
April 30 offered at $43 per share
I
—
(no par).
The stock offered constitutes
V.
Bankers
New
Co.,
York.
Registrar,
J.
P.
1946,
adjusted
reflect
to
authorized
of
common
Authorized
(no
Dec.
31,
par)—
1945,
HISTORY AND
publishers
in
in
1,600,000 shs.
company's- treasury, amounting
and 3,978 shares as adjusted.
BUSINESS—Company
the
United
States.
It
is
of the
one
publishes
the
zines, "Colliers," "Woman's Home
Companion"
Magazine."
Through a wholly owned subsidiary,
cipally in sets.
to
1,989
directors
stock,
The
it
"The
sells
maga¬
Company's
Of
the
1945,
name
company's
end
was
total
approximately
books
adopted
sales
47%
was
approximately
ing in the company's
and
in
from
received
was
of
of
the
past
ten
paid
years,
was
sales,
of
Year Ended June 30—
"Collier's"
Companioon"
2,780,515
3,698,875
2,580,808
2,921,908
3,768,767
2.848,004
3,518,386
2,262,827
2,832,063
3,385,274
2,249,171
2,689,724
3,098,181
2,165,475
2,623,972
3,002,249
2,156,858
2,773,379
2,050,797
2,572,729
1936
;
2,486,050
Of
shares
severally
the
of
names
underwritten
by
underwriters
them
and
respectively
the
1946
of
37 v2
stock
holders
to
as
cents
Co
*No.
Lehman
6,500
Barney & Co
Ladenburg, Thalmann
Co.
6,500
Co
4,000
of
record
INCOME
etc:
1945
;
—
,
—
other than taxes
Taxes,
1943
-1
\i
'
...
_
Profit
■
■
from
operations
Other income—Interest
i
Total
Total
other
deductions
jr.;-..
<
Federal
before
income
taxes
taxes
on
income—-
and
:
Net
tax (net)—
foreign income taxes
509,302
618,690
profit
Preferred
—
1,125,640
"7,436,489
16,717
21,205
163, p.
$9,516,962
1861.
163, p.
:
2,727,691
1,479,363
786,344
"■
RR.—Earnings—
1945
$416,130
$449,375
$471,614
256,647
66,723
299,187
42,0.90
$457,551
261,167
65,600
1,146,605
1,268,096
519,824
707,160
1,323,542
755,267
148,999
189,520
200,202
165,755
1944
..
1943
v
123,756
1,274,630
782,759
293,015
.
1725.
of
its
560,000
560,000
of
$2,354,000
mtge.
NOTE-—For
possible
to
mechanical
reasons
However, they
position as possible.
are
it
is
in -exact
companies
arrange
order.
always
as
near
...%
int.
bonds
and
Dominion Dairies, Ltd.
It
•
—
deducts.
6,690
5,751
79,227
not always
alphabetical
alphabetical
-
$98,750
$1,537,794
from
$1,487,141
surplus
Dr9,456
28,016
62,386
$126,766
$1,600,180
349,306
Corp.
shares
and
$1,543,640
stocks
to
are
Columbia
of
for
period:.
be
at
Columbia.
Y.—V.
Trust
offered
the
The
for
of
rate
share of
will
company
ask
to
to
be
Gas
&
are
the
common
of
New
York,
trustee,
120 Broadway,
•
New
161, p. 5.
for
'
1945
*17,247,965
Fed.
taxes
Fixed charges
Balance
11,200
*1,011,915
998,313
income
——
813,476
$1,949,695
———
railroad
defense
Net income
■"Expenses
of
wages
inclusive,
,
-
-
•"
(v v
•
$43,849
163,
p.
.
representing
$476,670
increased
\
March—
"Gross from
^T
.
from
Net
ry.
railway-.—
$3,904,803
railway.—66,900
income
56,337
From Jan. .1-t
$9,540,470
1,333.173.
5,029,529
5.814
$2,931,638
$3,171,952
2,325,936
35,570
2,101,148
1,501,160
60,970
Gross
from
Net. from
Net
V.
ry.
$4,612,131
1,2267220
oper.
railway
railway
oper.
163,
p.
income—_
,
611,188
1944
$4,540,119
.1,244,536
697,911
.
the amount of $800,000,
,
payroll
(par
1.3,002,940
GIVING
3,634,924
shares
v,
%
,
shares
.
Outstanding
300,000 she.
tNone
,,,
The 97,931 outstanding common shares
195,862 common shares (par $5).
tThe
(par $10).
$10) were changed'into
the preferred shares.
AND
•
BUSINESS—Company
.
'
•»
The DeVilbiss Co.
••
■
-
is,
..
,,
.
\
'
-
-
2,644,236.
" '
•
,
equipment for the application of virtually ah types of painting,
coating and iinishing materials.
Its products are sold under
trade mark'"DeViibl63," which ,1s registered in 34 countries.
1,940,351
1861.
"
.v.
•
follows:
,...
...
'
Co. of N. Y.—Secondary Offering—
.Lee Higginson Corp. on April 30 made a
secondary of¬
fering of 20,000 shares of common stock (par $2.50) at
$31 per share, less a concession of 75 cents per share to
the
-
UNDERWRITERS—The names of the: underwriters and the number
of eommon shares which each has agreed severally to purchase are as
•/
No. of Shs.
,v
•'
22,569
Collin, Norton & Co
Bali, Burge & Kraus
Reynolds & Co—
Kebbon. McCormick & Co.
22,569
15,000
10,000
McDonald & Co
Paine, Webber, Jackson & •■"•
Curtis
,
'
•• • -
,-6^•
-v>:..~v
No. of Shs. ' X.
Laurence M. Marks & Co,
*
.y..
v.
*
j
Allen C. Ewing & Co.^__
Grubbs, Scott & Co._
Stern, Frank & Meyer—
7,500
,
7,500
3,000
3.0003,000
Z '
1
•,y
company's subsidiaries are The DeVilbiss!, Manufacturing Co.
Ltd. <I00$6 owned) and Aerograph Co. Ltd. (78% owned).
Company is engaged principally in the manufacture of medicinal
atomizers, perfume atomizers and a complete line of air pressure
3,275,413
1,159,574
1724.
PRESENT. FINANCING,
TO
EFFECT
The
11,333,549
2,350,959
"
"
•
.
12,106,483
p.
,
v
a
reissue
spray
163,
the
special meeting of shareholders held April 15, 194G,g:the
amended articles of incorporation of the company were amended to ;'
authorize the issuance of 450,000 common shares (par $5) and 50,000
•
to
1943
$4,234,571
1,396,969
853,457
Dentists' Supply
members of the NASD—V.
represented by
in practical eff
successor of an individual proprietorship which commenced
business
in Toledo, Ohio, in 1888 under the name of The DeVilbiss Mfg. Co.
It was incorporated in Ohio May 22, 1905, under the name of The
DeVilbiss Manufacturing Co.. which succeeded to the business of the
proprietorship.
On March 11, 1926, the corporate name was changed
-
10,953,015
1,495,983
* 839,721
i
jfcH
HISTORY
a
1945
/-
.y
'
Corp.^Earnings—
1946
Co.;
50,000 outstanding l'/o preferred shares are to be called for redemp¬
tion on July 15,
1946, and retired.
Company does not in*""'1
7'77^
-
Delaware & Hudson RR.
in
Trust Co.
50,000 shs.
—,— -—
preferred
703,956
144,726
634,440
$988,047
includes
applicable thereto.—V.
added
purposes.
Trust
450,000 8hs.
*At
$1,959,792
an estimate
of $850,416 representing increased
employees for the period January to March, 1946.
taxes
Toledo
(par $5)
*Common
include'
ahd
with
Preferred shares (par $10)
.
—_—L—
railroad
$2,157,037,
will be
corporate
general
90-day promissory note dated March 27, 1946, to supply'.
working capital.
The remaining proceeds may be applied
;
in whole or in part, to
the reduction of such loan.
Company may
obtain further loans from time to time to meet wording capital «*reCAPITALIZATION,
905,370
_
projects—'102,389
146,274
712,985
raihoad fixed
for
deposited
be
Authorized
_1
T
will
provision
property
Other depreciation and depletion charges—-
Net
5,221
$525,000
carrying of increased Inventories and
anticipated:^ in "con¬
nection with future operations.
Company has obtained a bank loan
•
.
17.811
$9,545,692
to
theThe
•
redemp¬
tion agent, to be used for the redemption of the. company's 60,000 ., '
outstanding 7% preferred shares (par $10) on July 15, 1946, at $10.50
per share (plus dividends):
V
The company proposes, as soon as practicable, to make expenditures
aggregating approximately $775,000 at its Toledo plant.
Company,
estimates that approximately $100,000 will be used to supply additional
working capital and to acquire additional manufacturing space for
the company's Canadian subsidiary.
In addition, company expects to Z"
enlarge the facilities of its Chicago sales and service branch by expen¬
ditures amounting to approximately $30,000.
The remaining proceeds >v
are
desired
by the company as additional working capital for the
of
quirements.
493,000
26,712
(no
15,946,657
386,000
income
on
proceeds,
available
.
$21,445,763 $20,314,332
—
net
funds
temporary
and its subsidiaries.)
1946
Offered—
Ohio—Stock
and
•company's
(& Subs,)—Earnings—
—
Co.
_
amount
bids
of -Toledo,
Ball, Binge & Kraus on
May 2 offered 104,138 shares of common stock (par $5)
at $23 per share.
:
r
.
,
v- . /
•
^ compnny's
Dayton for each
for
Co.
Marks
M.
PURPOSE—The
Columbia
subscription
one
,
statement
Corp.—Partial Redemption—
Co.
6%
Vilbiss
De
163, p. 2004.
Midland
(Canada)—To Retire Debt
company
outstanding
Laurence
507,386
by under¬
at competitive sale for the
purchase of Dayton stock not sub¬
N.
that the
reported
56,499
$140,097
surplus
is
will redeem on June 1, next, alt
funded debt, which on March 31, 1946,- consisted
first mortgage bonds due Nov. 1, 1957 (callable
June 1. 1946, at 102'/2 and interest) and $490,500 6%
general mort¬
gage bonds
due Nov. 1, 1957 (callable at par and interest).
Pay¬
ment
will be made at any branch of the Royal Bank of Canada, ia
Canada.—V.
163, p. 778.
•
•
'
47,307
$149,553
income
10,917
$3,049,824
dividends
Coihmon- dividends
■V.
1,093,393
7,$61;478
604,328
income—
oper.
ry.
46,667
1,417,827
508,023
669,587
—
Federal excess profits
State
2,632,413
1,253,451
744,866
railway
Net from railway...
46,667
on.
taxes
$12,025,908 $11,510,486
1,385,270
income—
oper.
10,886
of
'
.
Profit
2,867,971
397,149
from
$2,094,448
on
$12,033,219 $11,581,191
7,311
70,705
-
2,623,241
892,947
271,897
*
190,060
;
From Jan. 1—
Gross
$2,177,021
Depreciation
1,847
488,686
234,845
railway
$151,168
186,319
1,303,930
358
1943
$917,626
355,100
45,703
railway
$202,910
I
income
Amortization
$11,800,992 $11,506,843
131,869
72,500
ry.
1944
' $822,985
1946
from
from
Net
*-
—
13,193
$2,083,562
23,869,674
"605,611
-
1945
$956,25a
452,461
March—
Net
11,222
151,465
•
I f Miscellaneous
39,982
i
RR.—Earnings—
)
$2,165,799
25,935,517
-1,296,811
497,672
inccnie
en
.
$845,810
171,296
2004.
p.
774
for excess profits taxes)'
Canadian income taxes
Taxes, other than taxes on
and-'
{, an(muntS:^:-r^-__——---------r
Depreciation*
1
-
1946—12 Mos.—1945
Quarter Ended March 31—
—
contracts
163,
Gross
—,—
doubtful
'233,392
Detroit & Toledo Shore Line
$150,394
revenues.-
Gross
YEARS
•«••••» Total sales and; revenue$51,275,685 $50,507,676 $46,964,739
Editorial, production, delivery and
T
cost of outside magazines—
22,701,245
22,239,825
21,342,311
Selling, general and admin.14,211.943
14,138,683
13,527,961'
Loss on foreign exchange
61,409
1
40,783
1 31,684
for
235,757
24,550
2,264
—
(
Prov.
3,292
224,055
21,805
2,576
20,472
income.._
369
1,000
'
27,041,055
"127,532
———
Miscellaneous
—V.
—V.
$24,107,057 $24,420,693 $22,908,745
Advertising, less commissions and
rediscounts——
13,727
6,486
284,625
55,114
railway—.
$202,541
oper.
income
(Includes income of Hudson Coal Co.
;
1—_
$81,161
14,429
*5,288
railway
oper.
904,736
Delaware & Hudson Co.
1,000
Inc
1944
from
ry.
from Toledo
1,000
CALENDAR
1943
$84,787
12,372
3,637
1—
925,598
Prov.
FOR
1944
1945
$j0,378
income—
oper.
from
75,338
Expenses
STATEMENT
ry.
From Jan.
Gross
77,693
York,
1,000
revenue:
—
Net
on
•
1,000
Stroud
Co
Magazines and books, less returns,
*
made
were
The corporation has called for
redemption on June 1, next, through
the sinking fund, $35,000 of first
mortgage 4% sinking fund bonds
due Pec, 1, 1956, at 101% and interest. Payment will be made at the
3,500
CONSOLIDATED
18.
1,832,343
1,009,038
Deerfield Packing
"
Sales and
June
,3,736,734
1*000
McDonald
&
(Jurtis
.'p
•Earnings-*-*
1946
1,170,777
Marine
Kaiser & Co
Co.
276,405
312,908
8,037
railway—._
Net from railway
84,859
scribed.—V;
1,000
&
Ry.1946
from
96*071
writers
1,000
3,500
-
I
*832,839
$99,681
oper.
taxes
Electric
&
Merrill, Turben <& Co
Piper, Jaffray & Hopwood
Sage, Rutty, & Co., Inc...
&
Mackinac
income—
Deficit.—V. 163, p. 1725.
ry.
$9,566,413
eight
1,000
3,500
—
240,035
f
•"»
1—
1,626,201'
stockholders of
1,000
&
830,406
178,765
245,520
Zl
94,456
■,
from
Gross
the
on
1,500
—-
3,500
Rhoades
*
1861.
p.
by
of
3,500
<?o.
Net
172,944
Detroit Toledo & Ironton
company on May 1 filed with the SEC a registration
for 1,530,000 shares common stock
($7 par).
Underwriters
naihed by amendment.
The shares are owned
3,500
Co
Co.
Paine, Webber, Jackson
oper¬
764,633
y
,
83,905
lL
177,314
railway
Net from railway—'
Dayton Power & Light Co.—Registers with SEC—
3,500
Co
&
Curtiss, House & Co
| Lee Higginson Corp
M. Loeb,
&
Walker
Doolittle, Schoellkopf
Pierce,
Beane
Hemphill, Noyes & Co
Horpb'.ower & Weeks
J
Witter
H.
Co.
4,000
Fenner &
Gross
>
$273,772
V
78,048
81,465.,;
156,065
income—
oper.
3,915,661
Dividends appl'ic. to pid.
163, p. 1724.
George D. B. Bonbright &
&
—T
Merrill' Lynch,
Carl
Baker, Watts & Co
6.500
'
G.
6,500
Brothers
Spencer Trask &
Dean
ry.
$271,252
58,016
-67,383
918,105
.
From Jan.
Net
—V.
3.500
6,500
'
Smith,
;
Shields & Co
6,500
Thfe F'rst Boston Corp
Goldman, Sachs & Co
Kidder, Peabody & Co
&
172,910
expenses
Balance,
Shares
13,500
Blyth & Co., Inc
Net
$254,138
25,157- /
railway
railway
from
...1944
19*t>
,
T'-£
March—
dividend
share
per
1946—Month—1945
'
reserve
follows:
No. of
&
-f
from
Net
May 1, this year, and in each quarter
dividend was also paid on Dec. 5, last
building.—V. 163,
revenues
Transfer
number
Shares
Wertheim
Detroit
98,985
Net
2,524,972
are
1943
1
"
Ry.—Earnings—
$293,737
18,135
1725.
p.
March—
subsidies."—
The
UNDERWRITERS—The
-
income
oper,
163,
Gross
2,183,749
2.928,096
1939—.'
ry.
—V.
Inc.—Stock
Offered—A banking
Cruttenden & Co. and including Knapp
Rapids, Iowa and First Trust Co. of
May 1, offered 46,050 shares of common
2,391.128
1941
|
Net
308,886
Other
2,479,409.
3,640.683
1942
0,811,593
3,944,662
railway,—
railway
from
and
Magazine"
3,546,466
1943
1937
Net
313,164
Int.
"American
2,839,453
1938
1
taxes
Gross
follows:
•
'
'
5,423,710
from
Depreciation
the
2,822,351
1944
1940
1,
100%
a
per
"Woman's Home
1945
1,514,635
16,040,543
16,851,817
appear¬
circulation
as
ry.
17,149,742
3,085,816
From Jan. 1—
$9,804,036
Other
net
subscription
■
2,646,454
1,092,438
5,697,162
railway
oper, income.—
$792,387
Net
STATISTICS—The average
including both single copy sales and
$5,907,792 >
3,402,419
railwayl—
$788,454
Other
magazines.
company's magazines during
July
Period End. Mar. 31—
during
magazines and
advertising
j
1944
$6,010,397
1,943,205
2,166,147
from
Gross
Companies,
Operating
Operating
$51,275,685
sales
from
-Earnings-^
1,114,421
163, p. 1861.
1946
from
Net
Net
Federal
revenues
received
53%
declared
Dallas Power & Light
Co.—Earnings
1929.
CIRCULATION
,
issye,
$258,810
market
13,002,591
March—
prin¬
was incorporated in Delaware
May 6, 1920, under the
Publishing Co.
Predecessor companies were en¬
publishing business for many years prior to that time.
present
30
distributions
used in home
American
books,
black
without
*79,348
*288,508
(
Earnings-
.*•;
$6,292,978
4,OiU, IOt
2,310,754.
.1,398,227
1—
trom
Gross
Lincoln, Neb. on
stock (par $2) at $12.25
per share.
Company established in 1866, is one of the nation's
largest manufacturers of sash, mill work and wood trim
Crowell
the
April
payable
cash
Curtis
leading magazine
and
since
profits
1945
-
$4,069,608
Denver & Salt Lake
$0.92
$126,567
Inc.—100% Stock Dividend—
on
group headed by
& Co. of Cedar
shares
well-known
heretofore
substantial
1946
--
.
income
oper.
Net
The company
in
at
•
railway
Net from railway
Net ry. oper. income—
517,625
$137,500
$301,945
<
railway
railway
from
ry.
Gross
and
Outstanding
"1,554,602 shs.
*
'^Includes shares
than
more
operate
1945.
A 25%
stock
year.—V. 163, p. 1026.
recent
stock
v
from,
$601,180
$0.54
during
.
stock
March—
-
817,965
603,895
•—
the common stock on Feb.
York.
-
name,
491,360
1—
Cuneo Press,
follows;
Common
1.209,605
1423.
p.
common.,
capitalization
13,
163.
1
a
3,247,137
railway
railway
oper,
'"Deficit,—V.
any
still
can
The
I of .outstanding common stock resulting from the reclassification and
j change of each authorized share, issued or unissued, into two shares, is
•i
:.
$1,419,146
3071.
p.
Quarterly
Trust
Morgan & Co. Incorporated. New
CAPITALIZATION—The
increases, effective March
18,151,076
2,358,143
V,
a
oversubscribed.
i\
gaged
$731,128
outstanding
violations
ators
100,000 shares of
agent,
16,569.523
from
ry.
From Jan.
income
on
dividends
162,
with
part of the presently
outstanding common stock of the
1 company, and is owned
by the selling stockholders. The
Transfer
1,271,533
Net
reference to. the rertoration of livestock quota rules .announced
from
Washington April 25, Fred W. Hoffman,
President, has made
the following statement: "The
restoration 'of livestock quota rules, an¬
nounced from Washington
April 25, still does not eliminate the para¬
mount necessity of the enforcement
of OPA regulations.
Whether the
new regulations will
channel more livestock through the normal routes
depends of cotirse somewhat on livestock
receipts, in comparison with
the 1944 basic
period, the extent to which the
approximately 25,000
newly wartime licensed slaughterers will be eliminated or reduce their
activities, and the extent to which those remaining can be forced to
comply with the regulations as to price as well as
quota rules.
The
elimination
of
the subsidy
to violators does not of itself dispense
company since 1935 and has served as Vice-President in
of the finance and control
division since 1941.
) • The directors also named C. JR. Crane
2d, a grandson of the founder
of .the
company, to fill a vancancy on the board.—V.
162, p. 982.
been
822,312
Net
fcharge
has
1,362,928
Net
Cudahy Packing Co.—Livestock Quota Ruies Restored
President, succeeding John H. Collier, who
was, appointed Chairman
of the board of directors.
Mr. Holloway has
.been with the
common stock
shares
Common
-
at
unissued
Holloway
9,181
$461,768
per share.
Preferred dividends
Reduces Capitalization—Elects
—
,
authorized capital
and' 5,000
J. L.
of
1,604
1,712
expenses
—
Earned
sale
2144.
p.
income
Common
fRe¬
from
§Resulting from
162,
*'57,219
Gross
Cr222,Q00
tAfter
1944.
proceeds
facilities.—V.
emergency
2,693,969
■"'/
Denver & Rio Grande Western RR.
127,312
2,808
payable, etc
Profit before Federal taxes
Federal taxes on income
1,927,486
unbilled),
$3,540,952
$7,022,176
.1,892,151
from
175,319.^,
4,258,618
iw:
1943
,1944
$6,817,886
2,059,210
$1,733,769
With
stockholders
eliminate
as
110,625
debentures
on
railway—$6,004,352
income—
1,004,337
"Deficit.—V. 163, p. 2155.
•;
122,442
Amortization of debenture
Interest
•
.
*as
147,047
(net)
RR.—Earnings—
1945
$7,109,769
Net
•'
166,878
1,741,500
sinking fund debentures.
V Crane Co., Chicago
New President—
f
income
sales
on
1,660,500
amounts
and
funds
•
"issue
other
income.—
Discount
287,919
2,574,320
$4,032,344
amortization of $2,021,084
deemed in 1945 from
stock
&
rec.
& Western
'1946 f
237,364
Gross
8,335
$1,623,143
$1,023,766
purch., int.
461,053
—_
each)
construction
--for
.
on
'
'
From Jan. i—
1,707,037
7,916
$17,273,317 $20,680,616
with
depreciation
•
Disc,
Total
Total
;v
1,894,068
$876,719
—
*In connection
'reserves for
J4 The
w_
expenses-_
profit
660,913
1,925,154
I
'
w
general
<
from
Net from railway,.
Net ry. oper. income—
$12,813,468 $16,043,314
12,709,798
10,034,764
57,782
236,426
(par $50 each>
Delaware Lackawanna
March—
Gross
1945
Net
workmen's
repairs,
-
6
sales—
administrative and
Amortization of'patents.—
4,258,618
conv.
Earned surplus
Paid-in surplus
I
f
of
Selling,
XI,205,000
contingencies etc
for
1
1946
__r
Gross
99,305
sales
f compensation,
!•»'*< cum.
fCommon
325,841
1956
credits
eserves
Cost
771,406
45,923
1,500,000
due
Inc.—Earnings—
(Including its wholly-owned domestic
subsidiary companies.)
3 Mos. Ended March 31
Net sales
261,332
V3 %
^Deferred
'
856,804
Other accrued liabilities
|DepOftita on aaies contracts-
$
debentures due 1955
;!(First mtge. 4% bonds
Crown Cork & Seal
Co.>
..
,
s
10,000
■IlliSliSS/
THE COMMERCIAL & FINANCIAL CHRONICLE
2436
1
1
etc,
Gross
7
Other
.
442,638
$250,495
$1,447,797
$1,038,651
41,426
67,774
$1,489,224
$1,106,426
for
in
the firm's Hollywood unit.
Mr, Hargrave also called attention to the proposed building program
Rochester, N. Y., and Kingsport, Tenn., announced to stockholders
the
in
expected
construction,
he
163,
to
be
very
much
expenditures in 1946
any previous year.—
capital
said,
than
greater
in
1564.
p.
Other
3,553
67.443
46,442
tax
normal
and
210,000
235,179
Federal
prof,
exc.
194,940
Prov.
for
ning
and
42,000
ex¬
1945
taxes (net)
postwar
and
447,531
143,832
19,388
25,000
contingencies
Balance,
34,999
34,999
dividends
$135,943
34,999
$335,272
$507,948
$146975
surplus
Preferred dividends
National
The
Power
above
the
on
of the new $5
two
p.
The
Curb
2155.
in
Ekco
exchange
(The) Drackett Co., Cincinnati, O.—Calls Debentures—
1959,
been
has
of 5%
called
15-year sinking
redemption
for
1,
and
fund debentures due June
June
on
next,
1,
at
106Vz
interest.
their
of
the
obtain
may
surrender
redemption
full
debentures
and
1 Wall St., New York,
163,
Duluth Missabe & Iron Range
March—
Gross
Net
1946
from
from
Net ry.
and
the
interest
upon
Trust
Irving
Co.,
2291.
p.
1944
* 1,031,557
*1,027,438
*868,258
*1,090,120
_
_
*1,083,626
*1,111,423
*906,629
$237,597
From Jan. 1—
Gross
from
Net
Net
ry.
531 833
683,226
694,256
576,867
-'2,552,846
*3,034,669
*3,011,274
*2,618,590
*2,705,156
*3,170,062
*3,141,964
*2,677,690
railway...
from
railway——
oper. income—
"Deficit.—V.
Duluth
163,
.
.
Shore
from
Net
ry.
railway
Ry.—Earnings-
Co.
according to an
(Canada), Ltd.,
inputs
system
163,
of
any
Subsidiary—
has organized the
wholly-owned subsidiary,—V. 161,
$802,740
$8,138,529
213.562
148,235
2,036,261
1944
$350,306
$377,388
$354,145
73,164
106,948
for
ry.
77,003
77,527
1,005,495
959,617
1,105,859
other
33,943
504,032
1,546,581
1,314,428
28,217
31,941
336,562
370,337
18,389
257,358
81,936
129,363
297,375
182,223
163, p.
*15,951
52,050
209,873
104,439
1861.
$418,329
$406,175
$3,689,885
3,299
Dr9,962
Dr37,272
3,421
$421,629
$396,213
$3,652,613
Pacific Ry.
1946
from
Net
ry.
railway
railway
oper.
ry.
.
income
Federal
from
—V.
Net
-Earnings—
358,601
374,483
1945
1944
1,101
1,068
12.855
11,263
5,771
18,658
$3.24,300
$192,400
41,191
105,758
37.628
*62,454
*6,971
26,134
taxes
84,983
82,321
999,515
756,700
.
721,200
912,800
$276,337
$2,271,984
the
on
reduce
unused
164,358
289,722
158,880
9,003
94,254
41,245
Electric
*3C,503
of
8,631
8,631
103,579
Eastern Gas & Fuel
dividend
1946
Other
of
com.
1945
1944
1943
$3,284,074
$3,217,994
1,545,032
1,784,793
1.015,351
495,951
396,590
455,521
8,223,916
9,576,582
9,593,032
8,847,241
2,974,595
4,374,579
4.765,683
4,746,705
1,718,763
1,906,420
2,513,326
2.739,241
Report
1945
Profit
of
dwelling,
2,341,545
304,y92
net
cost
of
303, U60
op¬
etc
41,609
(net)
33,591
$232,179
$289,759
2,227
5,019
$234,405
$294,778
95,000
operations
117,000
..
Federal
before
profits
excess
credit
Special
years'
back
income
taxes
required)
tax
representing
Federal
reduction
taxes
resulting
excess
unused
of
Net
profits tax
in
from
$267,705
$2,168,405
$2,156,834
dividends paid
Ended
Mos.
Gross
ry.
from
Net
from
ry.
1945
1944
1943
$3,445,585
$2,978,468
prior
credit
Cr32,472
1,252,543
816.527
888,948
income.
*32,805
railway..
576,060'
5,542,525
9,592,507
8,580.649
All
3,123,078
2.197.0)1
843,458
the
of
1945,
inc.
taxes
Co.—Calls
York, N.
New
31/2%
2,522,206
4,672,143
Y.—V,
162,
of
market,
or
1946—Month—1945
$5,301,157
1946—12 Mos.—1945
$5,679,001
$63,067,872
$73,385,502
1,878,293
2,019,282
24,799,053
in
318,169
4,483.885
407,256
4,710,476
of
73.914
73,914
886,977
719,411
378,903
4,570,248
3,448,197
434,032
5,017,974
5,730,341
extraord.
2,393,791
$3,332,491
Net
value
par
discount
(not
priced
reducts. )...
cost
4 V2',c
on
Balance before state taxes
Earned per share of 6%
prior pref. stk.
1,108,729
preferred
1,108,729
$3,835,112
dividends
on
stock
$10.25
$5.94
443,672
1/1A
Trust Co,,
trustee, Boston, Mass., will until 12
May 20 receive bids for the sale to it of first mort-
c.ollate,ral lru*fc bonds, 3Va% series,
to exhaust the sum of $415 400,
and
interest
to
July
1946.—V.
l.
other
$2,821,838;
payable,
$28,106;
expenses,
Federal
lands
taxes
on
depreciation
total, $5,102,102.
payrolls,
Net
stock
($100
par
in
Suffolk
S,fiasy"'£a'te consisting of
*
"
John C. Pappas of Boston (Mass.), William
?Arthur' .6P°.rts")an' and the investment house of
Xf
£ Warner & Co. on the:r bid of $3,600,000. or the equivalent
oat I a share- The successful bidders acquired at public auction
htirt
This block of stock,
beld by tahresi,0/ 50.27% of the stock outstanding.
the Aldred
Investment Trust,
"of
?hA
^.strict
e.ther
to
at
liquidate
or
Boston.
163
Eastman
for
up
sale
Court
the
a
ordered
the
sale
Higher
meeting
sales of $53corresponding
01
Sales
for
quarter
the
of
auarter
were
$691,929;
total,
$5,102,102.—V.
Shoe Co.—Proposed
"very
consumer
Revenue
comnanv's nvnrt
on
June
14
will
vote
on
a
proposed
SSu™
mers' and the lnfluence
color
narfiX/iH«I5raVe abj° brought to the attention of
uses of
panded and
new
acetate
yarn
Km8SrtaTdnnt!emlCa''' manu,acturea
_
"Research and development
are
The opening, of a new branch
for
■
on
KoaS
stockholders the
ex¬
and staple fibZ SK
^ Tennessee Eastman Cor"Tt
going
misc.
on
a
scale
sales, distribution, and color
:
~
-
'-'v
,
19,962
rata
pro
amount
property,
in
of
tax
reduction,
of
excess
book
for
loss
1946
1945
*696,094
161,439
investments
41,978
20,247
$5,038,383
329,668
income
253,885
326.726
54,293
taxes.
49,363
Interest
for
$4,988,733
2,119,092
2,153,056
$2,869,641
$2,559,159
$1.50
and
surplus
sale
stock
surplus
;imonob
RR.—Earnin^
,Zi
■flliTTBW
from
ry.
railway
$10,6^,103'
railway
_idf 193 £57,937
oper.
income—.;*
p,
*891,114
,1945
in
ui:!
4,049,510
1,882,947
5,173,994
1,698,140
Net
from
from
railway
railway..
29,668,012
3,928,698
207,947
Net ry. oper. income
"Deficit.—V. 163, p. 2005.
36,602,365
8.816,163
40,657,601
13,327,613
3,601,472
4,367,852
4,769,191
on
April
25
approved
The
options
N.
said, being
92%
to
purchase
Sept.
5,
com¬
1946, and
ahead of the corresponding
Y.,
Co., Inc.—Sale Approved—
on
April
and Erie,
30
Pa.,
approved the sale of the Ford hotels
to a group of Rochester, N. Y., in¬
$2,000,000.
elected to the new
He has been financial adviser.
Saurin Brooke of Montreal, Canada, has been
of Executive Vice
159, p.
President.
2080.
Ford Motor Co. of Canada—Dividends
B dividends
14,039,211
share
was
•
Deferred—
decided to defer action on the class A and class
ordinarily payable in June.
A distribution of 25 cents per
on these issues on Feb. 16, last, and on March 17,
made
16 add
Sept. 15, 1945.—V. 160, p. 118.
Fort Street Union Depot
substantial
majority a
^ofthe company's capitalto$500,000 from $2,500,000,to he
accomplished by decreasing the par value, of the
capital stock to.$10"
from $50 per share.
The total number of shares
outstanding remains
unchanged.—V. 160, p. 117.
Wt:
a
Friedland
The directors have
Capitalizationby
stock.
to purchase between
5,360,904
June
Eureka Pipe Line Co.—Reduces
stockholders
W
—V.
1,686,765
36,673,364
filed a registration statement with SEC
stock ($1 par), issuable upon exercise of
ago.—V.^163, p. 2156.
stockholders
Buffalo,
position
,
From Jan. 1—
Gross
Mr.
year
vestors for
H
,1944
1943
i'M
$14,483,181 $13,488,598
,
$i^;471,631
a
Ford Hotels
,
?
.
ML,
from
Net
period
The
p. 2291.
0'
entitle
common
the holders
1950.
$1.34
of $458,554 paid by Savannah Electric
paid by Western Public S£r.vice Co. incident,
compani^r-pY. ,1,63,
29
common
sponding 1945 period and that earnings in the same 12 weeks' period
were equal to $1.69 per common share outstanding.
Sales in the most
recent four
weeks' period were the greatest in the history of the
dividehds
and $125,000
these
of
and
share
common
common
Power Co.
4,
company,
common
per
"Includes
Gross
$4,712,216
267
dividends
dividends
Earnings
the
$4,712,484
*.
_.
Preferred
17,720
$4,988,733
April
shares of common stock at $19.50 per share.
The
options were granted on Sept. 5, 1945.
In the event that all options
are
exercised, corporation will realize $780,000, which it intends to
use for increasing inventory, acquiring and equipping additional super¬
markets, warehouses, etc.
The stockholders on April 30 approved a four-for-one split of the
common
stock, earlier recommended
by the directors, and re-elected
the entire board.
Following the stockholders' meeting the directors
met, re-elected officers and announced that the new common would
be placed on a 10-cent quarterly dividend basis, thus establishing a
rate equivalent to $1.60 per share a year on the present stock, now
paying at the rate of $1 per year.
George Friedland, President, reported that sales in the first 12
weeks of the current fiscal year were 35% higher than in the corre¬
$4,856,697
revenue
Stores, Inc.—Registers with SEC—
on
purchase
to
stock
Sept.
$4,956,418
Fair
company
40,000 shares of
mon
(COMPANY ONLY)
Balance
&
The
resulting
related
Y.,
it of
Food
$1,280,103 $10,770,538*812,915,630
Other taxes
reduction
proc-
2,220,322
15,937
Expenses
The
forward
2,042,856
2,062
$5,694,491
Federal
two-for-one
163, p. 464.
Bank Farmers Trust Co., trustee, 22 William Street, New
will until 12 o'clock noon. June 3, receive bids for the
first mortgage 4% bonds, due July 1, 1991, to an amount
sufficient to exhaust the sum of $1.1,142, at prices not exceeding 102 J/z
and interest to June 5. 1946.—V, 163, p. 2291.
subsidiary companies:
from
Net
wmmsrnmi
170,237
Ending Feb. 28—
Miscellaneous
2391.
p.
City
N.
options
March—
demand for the
sale to
Dividends—common
Erie
pfom
York.
5,149,227
transportation
from
162,
Stock Split-Up—
Fonda, Johnstown & Gloversville RR.—Tenders—
The
1944.
Revenue
to
1945
4,329,336
1,810,290
$1,032,520
Balance for
the annual stockholders*
peacetime year.
than in the first
large backlog of
Than
3,745,724
1,560
$2,350,324
12 Months
was
on
328,721
170,237
income
Balance
^ooonnA fl«Piomnfirss^quarter consolidated
,W
quarter In 1941. the last th about 531,000,000 for the
in 10K
1
with approval
has
Trust, said that the
Co.—Quarterly Sales
hi»ti10^aSA nt.tiHMgraVe'„ President, ai
less
Edward
Trust.
Prewar—Plans Expansion—
approximately 24%
bv
Federal District Court of Boston
p,1862
Kodak
The
reorganize
4,hwri°- >roct°r. co-receiver of the
May 3.—V.
put
?■ Court
Pr0ctor- receivers for the Trust,
Fed®ral
receivers
was
51,985
$24,634,478
requiremts. of
of
S.
commission
stockholders
The
213,907
COMPARATIVE INCOME STATEMENT
„J!Ub*ect t0* c?url aPProval
operators of the
a controlling interest in this corporation
Downs race track, was
acquired on May i
3,627
276.923
companies
sale
U.
shares), $1,100; earned surplus, $625,244; less
shares preferred and 14V2 shares common), $2,900,
in connection with preferred stock, etc.
(29
being amortized.)
269,945
amortiz._.
"Including
general
deducting
provision for returnable sacks,
value 1, $5,000,000; common stock,
(75,000
and
Florsheim
$2,051,070 $18,385,347
charges
div.
$53,500;
depletion
(after
taxes
of
use,
investments
or
accrued
$64,601;
income
dis¬
at cost,
for
income,
(after
cost,
excess
$2,047,442 $18,599,254 $24,582,493
5,514
$1,481,241
and
subsid.
due 1965, to an amount
at prices not to exceed
163, p. 2004.
Eastern Racing
Association, Inc.—Control Passes—
(net)
Applic. to min. interests
from
•
income
Interest
Pfd.
Street
81,475,727
revenues
Balance
Special
Tenders—
1/10
Other
$2,223,762
in
allowance
less
split-up of class A and class B common stocks.—V.
oper.
at
and
debts
not
at
notes of $50,000), $51,773;
treasury stock
and
securities,
bad
for
(aft.
taxes
Other
$4,943,841
no
and
at
refundable
Federal
$17,676;
preferred
$36,538;
807,218
5,459,528
mis¬
$41,893;
1946,
1945
31.
reserves
inventories,
quarry
LIABILITIES—Accounts
etc.,
DEC.
Government
S.
(after
sacks,
insurance
and
$2,614,559),
Treasury tax
5,603,509
taxes
follows:
as
maintenance and operating supplies,
paper
$2,050;
cost,
properties
taxes,
4,928,903
397,492
and
prepaid
stock, at
U.
$139,631;
$172,254;
cloth
$111,360;
28,284,839
312,645
income
were
SHEET,
receivable
$31,640),
$300,945;
plant,
3191.
p.
Depreciation
Amort, of plant acquis.
adjustments
Fed.
$1.01
(less
periods
nonoperating
depletion
$847,419;
accounts
cost
Debentures—
Maintenance
1945
and
BALANCE
Engineers Public Service Co., Inc. (& Subs.)—Earnings
revenues
to
$40,796.
counts
$18,211,400
Broadway,
$50,666
etc.
ASSETS—Cash.
outstanding 3Va%
debenture due Jan. 1962,
have been called for redemption on May 31, 1946, at 100 and interest.
Payment will be made at the Guaranty Trust Co. of New York, trus¬
140
81,194
8136,662
361,295
Fuel
&
620,066
75,634
$2.73
applicable
expenses
income,
2,224,406
1,387,154
1725
Operation
1946
in Fed.
Gas
$751,927
616,243
share
per
$625,000;
Empire
1945
$828,539
„
"Including
8,257,598
413,412
p.
174,898
31
1946
allowances
and
freight on shipments._
administrative expenses
profit bef. prov. for Fed. income taxes
cellaneous
153,187
287,675
"350,761
income
163,
MARCH
ENDED
31—
discounts
NOTE—Depreciation
railway
"Deficit.—-V.
MONTHS
3
goods sold. incl.
Earned
1—
oper.
preferred stock
FOR
$210,250
S139.405
174,898
$2,962,284
199,484
railway
oper.
Net
Net
$2,456,821
railway..
on
March
less
sales,
of
Cost
1946
from
from
2,065,363
102
'
carry¬
profit
EARNINGS
3
$296,015
Period End. Feb. 28—
$13,981,987 $15,857,953
Dividend requirements
on
1944
$2,967,955
2,675,360
sold
Provision for Federal income taxes (no provision
divs.
1425.
p.
March—■
15
4,450,577
noon
to
$3,254,140
income
Cash
suiplus
163,
Gross
holders
to
profs, taxes & special chgs.
equal to unusual reductions
State
has
1,605,655
income—
from
reserves
Associates—Earnings—
12 Months Ended March 31—
The
but
credit
$3,485,288
railway
103,579
Operating
clock
the
1—
goods
Profit
Elgin Joliet & Eastern Ry. -Earnings—
tee,
Corp.—Initial Distribution—
The directors have declared an
initial
quarterly
cents per share on the common
stock, payable June 1,
of record May 15.—V. 163,
p. 1564.
o
credit
permanently
878,645
railway
oper.
eration
$2,260,413
and
605,600
139,887
Net ry. oper. income....
-Deficit.—V. 163, p. 1725.
exc.
Va
$2,948,328
Selling and general expenses
Nonproductive plant overhead,
1,382,523
$304,647
Balance for
—V.
*4,233
Income—
Prov. for inc. &
1 '7c
to
sales
Net
25,460
income
Grdss
1943
$225,100
3,096
railway
railway;
Dumont
through
May 27,
of 1%,
to
plus
1G3, p. 1726.
for
deducts...
From Jan.
$242,600
from
from
2'7c
rate
Florida Portland Cement Co.—Annual
From Jan. 1—
Gross
of
7*
notice,
income—
oper.
ry.
disct.
expense
income
interest
1948;
1946
from
Net
$4,054,151
30,715
2,107.
debt
1 Va 71?
27,
2291.
p.
railway
From Jan.
$4,050,729
devel¬
costs
of
Net
March—
from
163,
railway
"Selling and
Duluth Winnipeg &
Net
Net
210,250
30,896
Gross
Amort,
and
from
Cost
Interest
Misc.
164,055
Fed¬
taxes
and
for
May
rediscount
Calendar Years—
income.
Net
Gross
of
days'
30
on
from
Net
409,887
110,850
than
income
eral
911,241
income.__
oper.
commission
option,
Gross
prov.
—
retirements
Exploration
106,514
41,649
*40,10.)
from
*Deficit.—V.
the
1943
3,916
income..--
railway
Net from railway
Net
commitment
1,396,996
32,641
deplet.
until
Reserve
$7,984,784
Maintenance
Deprec.,
1946—12 Mos.—1945
1946—Month—1945
$805,708
revenues
called
which
then
Federal
higher.
was
$4,000,000.—V.
Net
(& Subs.)—Earnings—
(Del.)
bank under which Bloomingdale's
Florida East Coast Ry.—Earnings—
From Jan. 1—
Gross
and
from
the
or
whichever, is the higher, with
1 '7c,
the
com¬
announcement,
a
of
■
Any borrowing in excess of $4,000,000 will be used, officials said, for
working capital and particularly to
finance expected increases in
Bloomingdale's inventories and receivables.
The company will pay a
2291.
p.
plus Va
time 37c
1U %
27c
whichever
rate
any
agreement with
$4,000,000
1946;
and
Gross
requirements
1945
$382,957
railway.
oper.
the
Preferred stock dividend
Atlantic
&
1946
from
Net
105,420
both periods.—V.
Operation
Net
March—
Gross
103,729
include
at
an
1725.
p.
South
1,691
1.6
El Paso Natural Gas Co.
Other
1943
$325,971
*995,935
income.
19.7
in
Balance
$334,098
railway
13,671
not
company,
opment
Ry.- -Earnings—
1945
$213,331
railway—
oper.
price
to
coupons
Y.—V.
N.
39,310
do
Products
Taxes,
Holders
trustee,
Light Co...
12.6
55,639
figures
Peridd End. Jan. 31—
issue
%
21,695
Products Co.—Organizes Canadian
Operating
The entire
Decrease—
Amount
172,785
3071.
p.
shares of the company issued on the basis
for each old $10 par share held.—V. 163,
par common
shares
&
1945
1946
151,090
unlisted trading
to make way for simultaneous admission to
April 26,
of
York
rediscount
27,
1949,
and thereafter either
March—
stock of the company was removed from
Exchange at the opening of trading
common
New
kilowatt-hours):
of
appearing
panies not
Listing of New Stock—
The $10 par value
1947,
borrowed
May
gives Bloomingdale's the right to borrow up to the
promissory notes at V/aTo
interest per annum
l'/a of the New York Federated
unsecured
on
1,
replaces
has
24,496
195,874
Ekco
dealings
thousands
Operating Subsidiaries of—
Power & Light Co.._
Electric Power & Light Corp.
"
Common
(In
American
200,000
for
follows
as
—
con¬
version
Prov.
were
39,296
plan¬
plant
Inc.—Weekly Input—
week ended April 25,
1946, the System inputs of client
companies of Ebasco Services Inc. which are subsidiaries of
American Power & Light Co., Electric Power & Light Co. and National
Power & Light Co., as compared with the corresponding week during
operating
tax
560,000
inc.
prof,
cess
agreement
May
It
the
For
(net)
Canadian
to
the maximum
income
surtax
York.
The
Reserve
Ebasco Services
37,273
83,000
deductions
Federal
stockholders on May 2 approved a new $5,000,000
agreement extending
until
1956
between Bloomingdale
New York Federated unit, and the Bankers Trust Co. of
call
Inc.,
amount
are
V.
preferred
Bros.,
New
to
$632,453
-
income
The
credit
industrial
be
ing
-,-fV
Gross
Federated Department Stores, Inc.—Approve Bloomingdale Credit Call Agreement—
company's annual pamphlet report in March. If the program
substantially carried out under governmental restrictions relat¬
can
67,590
$252,918
planned
increase
for
$564,864
2,422
profit™
income
8,535,575
2,683,478
1,381,691
adm. & gen. exps.
Calif., is scheduled for June 1, and similar
Atlanta, Ga., and Dallas, Texas, he an¬
color film processing capacity will be made
Angeles,
An
at
$10,955,168
7,412,418
8,303.515
2,434,815
2,086,789
$2,074,825 $12,666,851 $10,885,885
» —
r
Los
are
returns,
'
I; Cost of products sold—
Sell.,
1943
1944
1945
Feb. 28,'46
in
branches
nounced.
Years Ended Dec. 31
2 Mos. End.
Gross sales less
essing
STATEMENT
CONSOLIDATED INCOME
Monday, May 6, 19467.
""
1
.
Co.—Partial Redemption—
The company has called for redemption on June 1, next, through
operation. of. ,4be ..sinking fund, $30,000 of, first mortgage 3%%bonds, due Dec. 1, 1965, ,at 104 and interest.- Payment will
made
at the office of J. P. Morgan & Co. Incorporated, 23 Wad St., New
York, N. Y:—V. 161, p. 1997.
k
v
Number 448^'
Volume 16^
*
Fort Worth & Denver City Ry.—Earnings
March
'
'^1
Gross from railway—..
$837,625
1945
$1,262,328
Net from railway
Net ry. oper. income—
-*131,772
n44'2H
Gross
Net
from
from
railway
:
•
3,668,509
®®3,175
railway
Net ry.
oper. income—
•Deficit.—V. 163, p. 1726.
422,969
77,346
*
$1,197,493
:
368,750
/
(shipments).—
Costs, expenses and other charges!
3,204,180
Loss
1,510,524
765,466
Total
1943520
eral
The
the corporation will be those of
* Outstanding
$38,548 shs.
$613,548 shs.
shares of common stock have been issued
Fuller, Monroe D. North and Harry M. Goldman and
respective families for an aggregate cash price of
their
U.
RECORD OF EARNINGS FOR
Total
1,498,316,278
1,668,999,955
310,037,479
99,998,250
93,702,921
105,542,685
Net
charges
after
and exc. profits tax (net)
shares
477,000
$205,830
$133,591
1,133.822
$0.13
1,133,822
$0.20
share
163, p. 2000.
—V.
$610,591
531,000
$407,095
of common
Earnings
1944
$736,830
1,641,924
profit
Number
$617,095
210,000
per
$0.07
Operating revenues
Equipment maint. and
General
$779,426
taxes
normal and
Fed.
excess
surtax
profits tax-
Depreciation
income
Net
161,436
subsidiaries
11,181,843
11,507,399
11,409,533
5,590,659
549,393
626,005
not
con-
deductions.
1945
1943
$
43,194,039
245,396
488,364
3,194,820
4,792,244
2,937,688
4,998,277
165,587
2,937,688
163,312
88,929
automobiles,
Deferred charges
less
72,537
64,875
deprec.
Total
16,368,682
69,555,340
66,899,740
1,602,317
-
4,979,332
173,773
105,035,603 114,730,982 162,581,747
LIABILITIES—
Accrued
bank loans payable
1,580,397
been
53,600
13,725
71,900
55,632
1,134,443
205,868
reserves.
14,583
699,152
167,917
1,991,069
2,718,689
*5,000,000
869,368
4,046,840
46,000,000
5,000,000
commer
bonds
Unearned income
Reserves
6,302,017
50,000,000
11,250,000
8,750,000
21,498,315
surplus
surplus
Undivided profits
30,930
1,368,066
8,723,884
50,000,000
11,250,000
8,750,000
21,081,909
30,930
1,576,374
8,907,617
50,000,000
11,250,000
8,750,000
21,032,121
862,800
656,626
1,314,207
$36,650
$470,875
2,119
2,164
21,415
$38,815
$492,291
50,478
6,604
$32,211
$441,812
233,660
163,865
658,837
$506,554
20,306
$433,415
233,660
Dec. 26,
1945.—V. 161, p. 1542.
Operating
Operating
Advertising
1946
Co.,
1945
Inc.—Earnings1944
1943
$4,899,782
expenses
3,909,015
$3,975,921
3,107,296
$3,439,068
2,668,079
$2,382,740
2,254,650
$990,767
$868,626
$770,990
Profit from operations
income (net)
137,593
110,313
12,939
$978,939
$783,929
$151,993
229,870
425,000
229.424
236,802
349,000
245,000
$538,451
$324,069
$309505
*$84,809
$0.83
$0.33
$0.29
Nil
Prov. for Fed. inc. taxes
Net profit
National Bank
per com. share
General Precision Epuipment Corp. (&
Subs.)—Earns.
Consol.
net
profit
$280 552
determination
of
financial
results
for
1945 had been delayed by the strike. "However, the audit of
independent accountants w'll be completed w'thin a few days," he
,
said, "and final r^u'.ts for 1945 will be announced promptly after com¬
pletion of the audit It ?now appears that the net Income for the year
1945 exceeded Jthe ,$50,845,719 (reported, for the year 1944."
$343 505
General Shareholdings Corp.Quar. End. March 31—
1944
debentures, taxes and other expenses of the
appropriate adjustments for Federal taxes,
approximately $11,120,000 or $1.48 per share on
making the
remain
of shares of common stock estimated
:
:
of
such
*$318,946
$293,082
panies has
been
excluded
$17,153
$13,812
$15,170
130,384
113,455
103,437
150,827
40,454
45,478
include
$170,138
$165,997
18,605
19,421
20,047
13,250
13,790
15,000
2,679
2,726
1,012
2,449
$139,229
$141,505
$135,915
$128,501
136.045
136,030
136,094
136,094
cum.
the
preferred dividend requirements.
its investment in the common stock
financial
by
$5,000,000 to
^
program.
that
assist
Company proposes to iuw
Jersey Central Power Ss
in carrying out this
was
of
company
V;,i77\:
Pennsylvania Electric Co. and Pennsylvania Edison
Co,, both
sidiaries of Associated Electric
Co., have proposed a financial
on
sale
unrealized
$6,017,410,
or
sub¬
program
whereby Pennsylvania Electric Co. will purchase all the
property of
Pennsylvania Edison Co. and issue securities to the
public bearing
substantially lower interest and dividend rates than the
outstanding
securities of Pennsylvania Edison Co.
The savings effected
by this
latter program will not be
immediately available to General Public
Utilities Corp., but the program should
facilitate the ultimate working
out of
the
corporate and financial affairs of Associated Electric Co.
New
England Gas and Electric Association, a former affiliated
company, has recently proposed a plan of
recapitalization.; If this
plan is carried out, it is expected that General Public
Utilities Corp.
and its subsidiaries will
ultimately receive cash in excess of $5,000,000.
BALANCE
SHEET, JAN.
1, 1946
\
-
£
ASSETS—Investments, $114,167,095; special fund (deposit in
<•
^
escrow
in accordance with consolidated tax
liability apportionment agreement),
$9,741; cash, $3,705,648; special deposits, $1,161; U. S.
Govt, obliga¬
tions, at cost, $4,100,000; accounts receivable, $747; interest receiv¬
able, $12,054; deferred debits, $4,073; total, $122,000,518.
LIABILITIES—Common stock (par $5), $37,682,500;
capital surplus,
$66,239,223; serial notes (V/2%), $6,000,000; convertible debentures
(4(4%), $8,000,000; accounts payable, $17,935; taxes
accrued, $25,234;
other current and accrued
liabilities, $562,588; deferred credit, $7,462;
expenses, allowances, etc., in connection with the
reorganization pro¬
ceedings and the consummation of the joint plan of
reorganization of
Associated Gas and Electric Co. and Associated
Gas and Electric Corp.,
$3,435,250; Federal income taxes
in
escrow),
for
prior
years
$30,327; total, $122,000,518.—V. 163,
General Telephone Corp.
(incl. $9,741 deposited
p. 2292.
(& Subs.)-—Earnings—
revenues
1945
$8,487,716
1,433,647
Depreciation and amortization
Traffic, commercial, gen. office sal¬
other oper.
and
3 Mos.
1946
Period Ended Mar. 31—
inc.
and
1,045,728
4,281,800
10,839,704
2,415,496
378,970
1,109,630
103,625
1,999,488
3,015,911
310,875
$1,551,430
43,026
$1,064,727
44,113
$4,821,065
186,732
$1,508,404
557,478
$1,020,614
569,637
$4,634,333
2,424,523
$950,926
83,742
$450,977
109,375
$867,184
723,478
$341,602
637,070
$1.20
$0.54
surtaxes—
profits taxes
excess
828,640
(net)-
•Charge
Net
Net
operating
income
deductions
(net)
earnings
-
Interest and other deductions
Divs.
income
pfd. stk.
on
of
$7,710,289 $32,828,002
1,101,253
5,143,663
2,319,324
,587,030
628,190
Federal normal
,1946
■
3,000,956
exps
y'V:;#v
12 Mos.
•
1,044,853
General taxes
corporation-
balance
Average number of common sharesEarnings per share
$2,391,810
406,695
■■
$1,985,115
.
—V. 163, p. 2292.
Wk. End. April 14
1946
1945
Operating revenues
—V. 163, p. 2157.
$44,050
$40,950
Jan. 1 to April 14
1946
1945
$738,149
$719,196
Georgia Power Co.—Earnings—
of
investments
(amounting
to
$928,457
appreciation of investments on March
$1,141,267 more than Dec. 31, 1945.
I4C
12 Months Ended March 31—
in* e
1946 I
1945
\<
revenue$50,780,034 $48,908,163
Operating expenses
■
24,016,694
23,542,138
Provision
for
depreciation..
14,907,250
4,807,999
Amort, of plant acquisition adjustments..*.—,
2,321,706
2,600.388
Gross
—
taxes
—
Federal Income and
—
excess
—-
profits taxes
3.698,417
6,115,087
3,516,128
5,952,662
in
Gross
NOTE—The
income of Associated
(approved by the Board of Public Utility Commissioners of
NewJersey) for approval of a program under which it proposes to
reduce
substantially the amount of its outstanding preferred stock and reduce
General
1946).
1946
the
companies.
The income of these com¬
pending the determination and solution of
52,888
$176,086
19,968
%
under
SEC
1943
22,593
paid on $6
pref. stock
profit
1944
$184,468
conv.
♦Before
issuable
been
problems involved in rehabilitating the subsidiaries of
Associated
Electric CO. located In the Philippine Islands.
Three companies in the system are in the
process of carrying out
financial plans which will reduce the
charges on securities of those
companies outstanding in the hands of the public.
Jersey Central Power & Light Co. has filed an application with
Period-
$13,630
Taxable securities
!
be
Georgia & Florida RR.—Operating Revenues—
-Earnings1945
Dividends
% Divs.
to
consolidated earnings could have
form
of
dividends by
the
paid to the
company
in
the
subsidiary companies.
Approximately $2,975,000 would have been retained by the
subsidiary
companies under orders of regulatory commissions.
Business reasons
generally moderate payments of dividends.
Income
1943
1946
Income—Interest
♦Net income
will be incurred."
the year
1945
per common sh._
$0.47
$0.59
$0.54
$0.50
*After provision for depreciation, Federal income and
excess profits
taxes and renegotiation and contingencies.—V.
163, p. 651.
yeaf.^.'
"Operations for the first quarter of 1946 were also' credited with
from the reserve for postwar adjustments and contingencies.
The balance of $15,000,000 in that reserve at the c'ose of 1944
is being restored to income ratably over a period of 20 months begin¬
ning October 1, 1945, th:s being the period during which it is exoected
that the m^oi- portion of General Electric's reconversion expenditures
.
$2,250,000
the
1946
.
"Operations for the first quarter of 1946 were •credTted -with, $10,- Tot'il' income.
€00,000 for Federal income and excess profits taxes. This represented5 £ General expenses
the estimated minimum amount by which such taxes wlU* be reduced: <
toterest"^..
under provisions of the Internal Revenue Code, when Bnai'result*
Taxefcffli-i.JgL
the year have been determined, as a result of the operating loss Sus-S •
that
the plan.
Not all
Net
Earn,
principal plants for nine of
the thirteen weeks in the first quarter of 1946, the company reported
a net loss for that period of $13,701,580, or 47 cents a share of common
stock, compared with a profit of $11,762,662, or 41 cents a share, in
the corresponding period last year, it was announced April 25 by Presi¬
dent Charles E. Wilson.
"Net sales billed in the first three months
this year amounted to $60,426,744, compared with $309,766,472 in the
same period a
year earlier," Mr. Wilson stated, "the decrease being
due largely to the fact that it was not possible to make shipments dur¬
ing the period of the strike.
the str'ke which closed all of its
stated
convertible
and
would
the number
Misc.
& Trust Co.,
General Electric Co.—Earnings—
also
and
company
there
Federal
for
retirements
Chicago, 111.,
-V.
appointed transfer agent for the stock of this company. "
Wilson
1,
aries
$128,090
23,903
240,908
prov.
Quarters End. Mar. 31—
Mr.
$22,199,525
requirements on securities of subsidiaries outstanding
1946, would have been approximately $10,189,000.
After
deducting such annual requirements, the annual charges on the bank
annual
Jan.
Maintenance
$1,128,360
Total profit
and
$21,889,619
309,906
—...—
Gross Income
Operating
revenues
Misc.
Amortiz.
.
—
3 Mos.
Outdoor
Quarter End. Mar. 31—
$526,860
93,444
105,035,603 114,730,982 162,581,747
on
General
875,458
$70,610
tained in the first three months this
.
—
Operating Income
Other income (net)
2,017.365
560~245
Nine-year 2% notes _!
1%% serial debentures
10-year 1% Mexican peso
162, p. 1767.
Due to
j.
—
2,933,215
3,513,372
payable
Dealers' repossession loss
cial
1,402,544
3,281,414
payable
interest payable
taxes
Earnings
has
Federal taxes on income-:
Other taxes
.*,—$110,190,818 )
49,832,869
7,909,543
10,976,011
98,187
7,987,276 ^■4
11,497,314
—-...ii....
plant and equipment
Amortization of plant acquisition adjustments
crease
16,374,490
46,500,000
receivable
Company
2006.
Continental Illinois
—
Prov. for deprec. of property,
Light Co.
General Finance Corp.—Transfer Agent—
The
expenses
Maintenance
annual
1944
16,534,995
38,000,000
42,015,908
Investments
•Paid
declared on common stock
p.
Income
profits
2,015,950
96,279
$69,920
3,697,106
other
...
3,889,650
2,809
income
Dividends
—V. 163,
7,125,780
5,229,907
of
revenues
the
5,540,392
5,345,008
3,893,807
1,285,682
565,160
losses and
taxes paid for prior
years
2,141,617
4,080,129
173,770
deductions
Income
subsidiaries at Jan. 1, 1945.
Operating
Operating
The income stated above does not
Electric Co. and its subsidiary
*Net
$
27,431,601
37,601,269
20,103,807
operations
Total
328,133
Other income
Gross
from
■(•Includes taxes,
Accounts
$9,424,525
$72,730
Operating income
(net)
loss
Government securities
$9,552,361
351,307
43~186
11,370,601
$
S.
$776,090
87,338
Fed.
or
Earned
1946—12 Mos.—1945
173,383
expense
garage
Other oper. expenses-
profit
Int. and
Discount
$
44,153,836
54,453,676
35,407,147
10,879,433
6,344,460
4,484,547
Capital stock
1946—Month—1945
than
,
Paid-in
Period End. Jan. 31—
5,653,748
STATEMENT
the Associated Electric Co. and its
subsidiaries, which may be con¬
sidered as reflecting the operation of the
consolidated group* for the
year 1945,
which would have resulted had the
company been in
existence and owned Such
loan
1942
CALENDAR YEARS
tOperating
Expenses
.....
(& Subs.)—Earnings—
Galveston-Houston Co.
PRO FIRMA EARNINGS
This company is the surviving company under the
plan of reor¬
ganization of Associated Gas and Electric Co. and Associated Gas
and
Electric Corp., which plan was consummated in
January, 1946.
f
The Company has prepared the following
pro forma consolidated
statement of gross income of the subsidiary
companies, other
the;
CONSOLIDATED BALANCE SHEET, DEC. 31
Accrued
1945
1946
Quarter Ended March 31—
Profit
Income
$
Accounts
Fed, inc.
•Gross
Volume
Notes and
(Robert) Gair Co., Inc. (& Subs.)—Earnings-
of
Subs.)-—Earnings
1943
549,788
Claim in connection with
adjustment
of U. S. income and excess
1947.
30,
416,406
Notes and bills receivable
annum
per
external loading
$21,498,315 $21,581,909 $23,532,121
$28,378,373
paid—
500,000
2,500,000
10,500,000
Cash
payable quarterly and to mature, in each
instance, in the following amounts at the following dates:
(1) the
first $100,000 from each trust company on August 31, 1946;
(2) the
next $75,000 on Dec. 31,
1946; and (3) the final $175,000 on April
3%
by
1944
ASSETS—
AGREEMENT—Corporation has entered into loan agreements
Bankers Trust Co. and The New York Trust Co. under the
terms of which each of the trust companies has agreed to loan to
the corporation, on its written request from time to time, on or before
June 3, 1946, up to an aggregate amount of $350,000 or $700,000 for
both trust companies.
Corporation has agreed to borrow not less than
$200,000 from each trust company. The loans are to be evidenced by
promissory notes of the corporation which are to bear interest at the
of
factor effected
'
dividends
solidated
the
rate
on all
as
50%,
Some additional
of handling the plastics com¬
Still another feature of the
much
1945
•Excludes
or
LOAN
with
%
safety
Year
approximately 170 per share; and the balance of the
issued stock, viz., 38,548 shares of 6 % cumulative convertible preferred
stock and 38,548 shares of common stock, have been issued and sold
to business associates and friends of Messrs. Fuller, North and Gold¬
man
for an aggregate consideration of $196,594, or at the rate of
$5.10 per unit of one share of 6% cumulative convertible preferred
6tock and one share of common stock.
$100,000,
molding cycle considerably
Undivid. profits Dec. 31 $21,498,315
$21,081,909 $21,032,121 $17,878,373
1946;
$Of these shares, 575,000
B.
Is the
Total
stock.
of
as
Corp.—Weekly Output—
The electric output of this corporation for the week
ended April 26,
116,483,703 kwh., a decrease of 6,988,730
kwh., or
5.7%j front the corresponding week of 1945.
The
Cash
including 19,252 shares of each class of stock now offered.
1120,000 shares reserved for issuance upon conversion of the 0%
cumulative convertible preferred stock, at rate of one share of 6%
cumulative
convertible
preferred stock for two shares of common
Daniel
instances,
■
Undivided profits, Jan. 1
$21,081,909 $21,032,121 $17,878,373
$17,007,772
Net income
-•Not
members
the
SUMMARY OF UNDIVIDED
PROFITS FOR CALENDAR YEARS
balances.
to
some
reduce
General Motors Acceptance
Corp. (&
by the corporation from the sale of these shares will be added to its
general funds and used to acquire property, tangible and intangible,
with which to commence business and as additional working capital
to finance inventories and accounts receivable and to provide cash
Authorized
to be
dielectrically pre-heated, a
satisfactorily be applied to non-formed com¬
cannot
slated to
in
material
G-E engineers stated
that the new process will be
applied prin¬
cipally to electrical and mechanical
parts which require high bulk
phenolic materials.—V. 163, p. 2292.
intends
60,000 shs.
11,000,000 shs.
is
.machine.
(100 per share) to capital applicable to the shares
(be5ng the par value thereof). The proceeds received
(par $5)—
that
and
development
and $1,925
cumul. conv. pfd. stock
stock
(par 100)
•
saving is gained
by the facility
pound as it is placed in the mold.
$96,260 ($5 per share) to capital applicable to the shares of
cumulative
convertible
preferred stock
(being the par value
6%
allows
time
to credit
Capitalization of the corporation as of April 25,
'
time
press
applications;
independent textile converter, which
includes purchasing from
weaving mills unfinished or greige cloth and styling and sell¬
ing such cloth in the piece to garment manufacturers after having the
Common
new
General Public Utilities
$11,•
902.
p.
1946, amounted to
*$0.41
the development will
permit high bulk
materials, previously preformed by
hand, to be preformed
weighing as much as one pound.
treatment
various
of common stock
$0.47
etc., $43,906; due
surplus,
667,382; total. $18,368,758.—V. 163,
13,701,580 *11,762,662
units
pound
to be received the corporation
.*—
28,845,927.36 shs. issued—.
engineers.
officials stated that
G-E
into
an
the $98,185
-
Electric
phenolic
instrumental in the organization
dyed or printed by job finishing, mills. It is contem¬
plated that the corporation will cater primarily to manufacturers of
ladies'
dresses, house coats, pajamas, bathing suits; men's shirts,
pajamas, sportswear, raincoats; children's dresses, overalls, pajamas;
and related apparel items.
contingencies
formerly required for hundreds of
heavy duty
plastics products will be
markedly reduced as a result of a new semi¬
automatic preforming
press developed at
Pittsfield, Mass., by Gen¬
ORGANIZATION—Corporation was Incorporated in New York March
over as of May 11, 1946, the textile converting oper¬
of the Hampton Co. presently conducted by Albert H. Vandam
Co., Inc., a wholly owned subsidiary of the Hampton Co.
Daniel B.
Fuller, Monroe D. North and Harry M. Goldman, respectively Presi¬
dent, Vice-President and Sales and Department Manager of Albert
LIABILITIES—Interest accrued, dividends payable,
for securities loaned
against cash, $24,100; due for securities
parchased when issued, $89,755; reserves for
expenses, taxes, etc., $22,418;
2% debentures, due Dec. 1, 1960, $2,650,000; $6 cumulative
convertible
preferred stock (optional stock dividend series)- stated
value $25 per
share, $2,268,750; common stock ($1 par),
$1,602,448;
-
Develops New Press—
7, 1946, to take
fabric bleached,
25,951,580 *44,962,662
-CrlO.OOO.OOO 32,000,000
Cr2,250,000
1,200,000
;
profits taxes
period—
The production
unit.
H. Vandam Co., Inc., are the persons
of the corporation.
The proposed business operations of
88,044,911 266,629,395
•Profit,
ations
thereof)
—.
on
$
27,618,167 *43,137,077
1,666,587
1,825,585
sources—net..—
loss
Net loss for
Loss per share
$5) and
19,252 shares common stock (par 100) in units of one
share of preferred stock and one share of common stock
6%
other
1945
60,426,744 309,766,412 *7
-
.
sales---——
from
Federal income and excess
Postwar adjustments and
(D. B.) Fuller & Co., Inc.—Stocks Offered—Kobbe,
Gearhart & Co., Inc. on April 25 offered 19,252 shares
PURPOSE—From
from
Income
6% cumulative convertible preferred stock (par
at $5.10 per
'H*p»y «&,'
Net sales billed
578,170 *
298,264
3,737,189
1,446,381
717,723
■'
1946
$
4i.1
•
171,947
140,833
2,754,444
303,891
1943
INCOME STATEMENT FOR 3 MONTHS ENDED MARCH
31
•
,
1944 '
$1,214,037
305,500
1946
.
31,
BALANCE SHEET, MARCH 31, 1946
ASSETS—Cash in banks, $654,507; investments in U. 8. Government
securities, at cost, $1,000,000: investments in other securities, $16,571,056; dividends and interest receivable, etc. $55,042; receivable for
securities sold when i««i«»d, $70,749; special deposits for
dividends, etc.,
$17,406; total, $18,368,758.
Interest
income
on
Amortization
Other
deductions
Net income
Dividends
Balance
on
.
;
—
long-term debt
of premium on debt
—
—
—
$9,720,878
$8,488,846
3,604,336 & 3,649,066
Crll6,607
Crl 16,607
197,490
——
preferred stock——...
WV. 163, p. 2006.
2——.—
-2
$6,035,659
$4,8«5:9I7
2,676,064 v,L 2,676,064
—.2..———$3,359,595
.
.
60,470^
$2,219,853
.
•''
*f '''
Co.—Stock Offered—Frank L.
May 2 offered 75,000 shares of com¬
($1 par) at $2 per share. The stock is offered
Golden Crown Mining
Georgia RR.—EarningS-
■f*
1945
railway—
Net
from
Net
ry. ©per.
1944
1943
$958,884
$916,130
372,692
420,396
180,485
$669,168
* 17,088
railway
from
332,414
362,820
"21,222
income-__
From Jan, 1—
2,476,083
641,230
525,290
766,016
income ___
oper.
mon
stock
as a
speculation.
HISTORY
Prescott and Phoenix, the corporation's prop¬
(1) A modern 75 ton selective flotation mill, the capacity
en.arged to 100 tons daily; (2) Ten mines, which
together comprise 36 patented and 32 unpatented mining claims. The
corporation owns the patented cla.ms in fee, and has possessory title
to the unpatented
claims, subject to the usual government interests.
Florida Ry.—Earnings—
Georgia Southern &
1945
$611,668
228,019
1944
$591,730
216,518
12,334
58,609
60,309
381,655
77,8b2
1,509,598
359,854
134,810
1 .779,509
1,682,850
646,296
169,166
931.363
256,171
railway
railway
from
income
Net ry. ©per.
railway
from
Gross
railway
Net from
—V.
163, pp.
194035
736,343
195.278
income—
€51, 1153, 1727.
Net ry. oper.
^3
1946
$549,083
81,063
March—
Gross from
Gerity-Michigan Die Casting
sell all of these 15,000 warrants
to dealers at cost.
The remaining 10,000 stock purchase wa.ra.its will
be issued to Western Gold Mines, Inc., as consideration for iurri.shing
the corporation with working capital heretofore, but will not be exer¬
cisable until April 30, 1947, after which they will be exercisable at $2
per s.mre and remain valid for a period of two-years.
manufacture at its Detroit
that all of the common stock
stock purchase warrants are so.d, w.ll use
proceeds of $120,750, (1) to retire loans which Western Gold
Mines, Inc. has made to the corporation during recent months, in'the
amount of approximately $50,000, as of March 31,
1946; (21 to pay
for the cost of certain equipment necessary to increase thp capacity of
the mill to
100 tons dany, and
(3) tor working capital and other
PURPOSE—Based
plant of
and also all of the
principally for the automotive industry. It is also
engaged in the business previously conducted by Gerity, which con¬
sists of the plating of automotive
accessories, grilles, dash board
accessories and other automobile hardware, and hardware for radios,
and the
manufacture and sale under the tradename "Genty' oi
plumbing hardware and bathroom accessories.
Prior to the merge*'the company had no facilities for plating the raw die castings which
it manufactured, a substantial portion of which required plating be¬
fore delvery to purchasers.
Similarly, Gerity had no die cast equip¬
ment and secured raw die cast parts for its plumbing hardware and
bathroom accessories and other products from outside sources.
As
a result of the merger, the company now has complete facilities at its
Detroit and Adrian plants for the manufacture
and plating of die
castings
both for the automotive industry and for the plumbing
accessories, previously
and bathroom
hardware
COMBINED
SUMMARY OF EARNINGS
the
$1,142,179
1,287,979
2,330,549
5,215,330
$3,671,355
$3,107,937
$4,340,993
$5,089,692
2,438,987
1938__
1939
1942
—
1944
,
.
tl945
prepares
.
stock
the
and
income
and. conveyors):
Approximately
(b)
Total income
shares
1967
Prov;
which
of
refund
Net
of
each
Consolidated
agreed
each
to
•Earned
*On
follows:
as
Cash
per
earned
Dempsey & Company
Mercier, McDowell &
Hoffman &
A.
Kidder
M.
Courts
The
&
&
Dolphyn
Goodwin
and
Government
Cleveland
&
Putnam
&
Co
Carothers
6,667
Inc._
Company,
Bj V. Christie & Co.
Berwyn
T, Moore &
Hirsch
S.
R.
Company,
Inc
Co
&
Amott, Baker & Co., Inc
; i
McAlister. Smith & Pate,
—V. 163, p. 1865.
•
Inc
.......
and
Fed.
Quar. End. Mar. 31—
Fed.
&
&
Accrued
one
payable
-
obliges,
per
Capital stock held iij
oos t)
1__
—V.
'®98,769
1944
$2,620,476
48,963
48,279
2,561.066
1,966,961
1,732,979
$888,747
$894,152
$839,219
$1.16
$0.2(7
$0.27
non-recurring
from
from
Net
from
ry.
.
Y.
City—To
Increase
lu
J'-
-
*25
no.aers
*
x
shares of
fiso
common
will
Ry.—Earnings—
-
"
4ncome___
42,375,201
9.822,907
4,009,927
36.726,636
4,171,372
476,614
railway
oper.
-from
Net
rv.
Common
the total number of preferred shares
J87'083 aad ^ authorized common will total
which
>
■
include equipment for lield testing of complete
company
facture
the
all
163,
37,829,280
11,411,490
5,125,900
44,366,090
13,150.947
4,861,694
p.'2157.
-r
;
of 1943.
The rapid
created increased 1 de¬
tne company. From
Jan., 1943 to Dec. 31. 1945, the company's major activities consisted
of supplying t..e armed forces, other governmental agencies and air¬
craft
manu acturers
with its equipment, of a total volume for the
ber od of approx'mately $3,000,000.
Less than 20% of the unfilled
orders on tne company's books were cancelled at the termination of
equipment so designed during the latter part
development in use of aircraft during the war
mands for the type of
equ.pment developed by
war.
$249,243
62,236
20,157
$244,171
77,790
37,033
$239,886
101.874
72;258
694,343
132,385
704 093
income-12,420
67,242
735,186
244,857
125,563
650,484
254,849
164,418
railway J
$240,931
railway
28,370
Income .*12,067
from
Net
rv.
oper.
184,563
•
♦Deficit "
•
;
;
Wali
1
Street,
Wins Suit
York.
New
.
WARRANTS—The directors have the right, from
warrants evidencing the rignt to subscr.be .for
shares of common stock, upon such terms and conditions
STOCK PURCHASE
more
or
one
time
to
as
to
issue
time
of
ent.tling the holders thereof to purchase
warrants
oi
share
one
during
exercised
warrant evidencing the right to sub¬
stock' at $4 per snare. Warrants may
each
stock,
common
common
Claims of Debenture Holders—
;
company was handed down on
and 500 to Earl W. McGill.
1,500 to Arnoid Rostan
baugh,
EARNINGS FOR
AND
SALES
Net Sales
Net Prof.
Before Taxes
Aft. Tax.
$217,452
1943
957,321
of
26,35519,203
*12,021
taxes on income.
and orders as of March 31,
1946 amount to
this amount $397,075 represents government
is represented by a nine orders aha the balance
represents miscellaneous orders.
.
.
N
1
unfilled .contracts
sum
31,087
54,573
15,217
Federal
estimated
*A'fter
The
*$13;286
*$13,286
1,871,135'
306,748
1944,.
the
;
CALENDAR YEARS
Net Profits
Of
$734 672.
orders, while $295,371
of
$42,225
proceeds, approximately $243,000, will be em¬
working capital for the company's operations and
(1) to acquire 666% shares of 454 Eigh¬
teenth Street Corp.
for $666, (2) to acquire all of the outstanding
common stock of Airlines Service Corp.
(consisting of 900 shares) for
$6,000; (3) to purchase additional machinery and equipment for ap¬
proximately $15,000 and (4) approximately $30,000 for the payment of
PURPOSE—The
net
ployed as additional
for
following
the
purposes:
accrued salaries due
to officers.
Corp.—Proposed Acquisition—
Cincinnati
Lake
&
Erie
Transportation
-V.
Co. above,
163,
1427*
p.
Hamilton Watch
Cost
.of
Selling,
Co.—Earnings1946
sales
advertising
& admin,
18,192
—
income
Amortiz.
of emergency plant
Allowance
-
246,145
$610,635
facilities
3,i93
$14,964
income
Total
2,170,980
*$3,228
profit
-Gross
$3,027,760
1,195,222
189,977
expense
1945
$1,381,970
March 31—
$313,823
normal
excess
income
profits
41,677
——
175,000
...
contingencies
for
Federal
133,000
6,000
taxes
tax
77,000
——
'
.
Net
income
Earnings
per
$187,151
$0.36
—
2271.
Hampton Co.,
See
share
$8,963
Nil
—
—
common
162, p.
\
April
Court in litigation involving claims for back income amount-
day
period beginning one year after the 30th
tne
filing, of the letter of notificat'on in connection with
this public offering and ending' five years from said date.
Company
bes agreed to sei war.ants a„ if
warrant to tne following persons,
entitling them to purchase the respective number of shares preceding
the names
indicatea:
23,500 to Townsend, Graff & Co., 11,625* to
Edward M. Greer,
11,625 to Robert P. Lord, 1.250 to C. K. Strausthe
following
*Loss.—V.
on*
Company intends to issue
50^)00
be determined ih their discretion.
may
tnio
'
oA^is«n favorable -to this
b
-v the
Outstanding
460,000
*188,000
TnJudes
88,000 s. ares now offered but does not include 50,000
shares of common stock purchasable upon (exercise of warrants:
Tile transfer a;eut
xor trie
common stock is the Irving Truot Co.,
(par 50p)
Federal
railway
TO PRESENT FINANCING
Authorized
stock
Common
Other
1944
from .railway
Net
EFFECT
GIVING
CAPITALIZATION
1943
1345
oper.
*
company
•
& Western R.—Earnings—
1946
such as
structures, etc.,
its equipment,
contained in
component parts
gasoline motors, hydraulic pumps,
purchased to the company's specification.
motors,
are
Sec
From Jan. 1—
Grose
1.465,950 shares are outstanding. The stock-*
on increasing the number of authorized shares
to 4,000,000 shares.—V. 163, p. 193.. - ;
C .r -
vote
stock
Dr43,419
876/250
16,930,138
t
from
Grdss
on M"v 14 will be asked $o reduce the number of
15.567, which shares had been acquired to meet
obligations, and to cancel the 28,050 common shares now
n,6uly' sfter
aircraft
of hydraulic
and perform¬
ance
testing of aircraft hydraulic numns. fuel pumps, fuel booster
pumps, vacuum pumps, air pumps, anti-icer pumps, auto pilots, engine
oil cooler regulators, all types of hydraulic and electric propeller gov¬
ernors; and jet turb.ne engine fuel systems. -Company does not manu¬
^
Tiie stockholders
-
of
N.
24,046
24,958,250
at
:
March—
.
Brothers,
>
956,158
24,958,250
676,250
16,442,019
.
shares,
(.850
have been and are, the de¬
company
hydraulic systems; inspection and periormance testing
actuators, devices and components; inspect.on
Quarter Ended
Green Bay
income of
funds
re'ease of foreign
war conditions:—V. 163, p. 2292.
x-
•
Gimbel
250.173
1,107;766
Br43,419
treasury
railway——
•Deficit.—V.
the
of
valves,
From Jan. 1—
Net
y/'v •
468.052
626,695
£45,550,143 $44,774,458
$0.24
tReflects
$570,453
24;046
276,756 "
$319,454
342,765
205,919
162, P. 3073.
Gross
Prising
.
1946
1945
1944
1943
Gross from railway
$13,289,386 $14,920,170 $16,351,037 $14,022,012
Net from railway
63,207
3.592,735 " 5,327,426
4.694,'215
Net r.v. oper. income___
*1,108,052
1,481,096
1.861,788
2,040,423
1943
$2,910,076
shares.
25,670.567
3,325,101
257;391
March—,
79,961
common
activities
engineering, development and manufacture of aircraft testing,
repair and overhaul equipment for the safer operation and
the more efficient maintenance of aircraft of all types.
The products
sign,
service,
Greyhound
1945
representing income
previously blocked because of
204,250
.
$3,529,774
$257,049
year
one
Total
1,867
1,667
85,002
'
share
com.
in
stock
(par $25)rv__r_
surplus 2—
surplus
Earned
$$2,677,323
profit
matur'g
taxes and other expense*
year
Capital
Paid-in
incorporated in New York January
York
1946 13 mos.i
payrolls,
NCt
Net
•Earns,
26 678.000
3,325,101
203,052
purchased stumpgge cut
Reserve for
estimated Fqd. income taxes.—
'Timberlahd purchase obligations maturing after
1946
3,118.057 '
592,356
etc
for
Prov.
$5,880,323
foreign income.
profs, tax., etc.
exc.
5,662,610
566,635
income
$45,550,143 $44,774,458
Accounts
'/j Gillette Safety Razor Co. (& Subs.)—Earnings—
Operating profit
216,038
146,618
6,723,074
reserve
cn
townsites, dams,
plants,
Great Northern
Depreciation
less
taxes
advances,
Timberlapd purch.
3.333
2,500
'
4,000,060
1,484,879
obligations
of
was
Company has established its principal place of business in
City, New York. " It may in the future, however, become
for it to extend its operations to other localities.
The prin¬
1943.
be
194 $1,505,040'
6,226,000
1,331,143
LIABILITIES—
3.334
-
ORGANIZATION—Company
14,
scribe-to
31
1945
$2,194,446
Total
3,334
6,667
5,000
3.333
3,333
Livingstone & Co
Van Alstyne, Noel & Co
DEC.
"
receivable'.
accounts
3,333
6,666
6,666
&
1945
repay
shares
river improvts., etc., less res. for depl. and dc-prec.__
Mill sites and water powers
1
—
Unexpired insur:' prenis. and other defd. chg>._
4,167
3.333
3 333
3.333
8,333
during period.
BALANCE SHEET,
machinery and equipment for
accrued salaries due to officers.
The balance of the
proceeds will be used as additional working capital.
»
<
Greer Hydraulics, Inc. was incorporated under New York State laws
on
January
14, 1943,
to design, engineer, develop and manufacture
aircraft testing, service, repair and overhaul equipment for aircraft.
The company expects to produce witnin the next six months a uni¬
versal
repair unit
for the servicing, of smaller aircraft,
hydraulic
accumulators as well as other numerous devices for aircraft.
to
at
hand
on
receivable,
refund
Timber.ands,
5,833
4,167
4,167
4,167
6,667
6,667
6,667
—_
.
inventories
6,667
8,333
8,333
Mackub'n, Legg & Co
Emanuel, Deetjen & Co
Newburger & Hano
s-
20,833
20,833
20,833
20,833
8,333
'
8,333 "
Corporation——
Co
accounts
for
Investments
Stockholders
11,667
Co
First
Goshia
1,595,968,
$16,442,01) $16,930,138
$0.90
SI.67 '
31
Dec.
'
Total
from
13,333
Co
surplus,
sharei
997,480 shares outstanding
Other
Purchased
41,667
41,967
41,667
41,667
16,667
Brothers
16,859,128
205,138
inc. ete.__
1,595,968
common
in banks
S.
U.
^
Company
Ames, Emerich & Co., Inc
1,107,766
$1,666,978
paid
CONSOLIDATED
number
and the
underwriter
purchase are
$2,774,744
$902,710
.
ASSETS—
from
Walston,
138,711
$2,787,716
12,971
$18,037,987 $18,526,106'
dividends
Trade
of
name
tax aiid surtax
Federal taxes on
1941
$1,529,405
626,694
1
will be used to acquire stock
to purchase all of the out¬
of Airlines Service Corporation; to purchase
the company's machine shop;
stock
common
additional
time
dividends.
has
6,991
Tofal surplus
,
No. of Shs.
Buckley
$2,649,005;
16,930,138
profit for year--Previous earned surplus
to retire
the company's outstanding
cumulative 6% preferred stock ($100 pa^r), in-'
UNDERWRITERS—The
shares
$1,401,911
134,485
taxes
income
normal inc.
Fed.
estd.
lor
Claim
of
1944
1,382,105
charges--.
Federal
before
Net
$200,000
accrued
standing
and
1 ne
Profit
Eighteenth Street Corporation;
the 454
began business in January 1943.
During the first
eight months of 1943, the company was engaged mainly in research,
design and development and it began to produce and manufacture-the
$4,031,110
-$1,536,3*96
the sale of these- shares
Proceeds from
in
50 cents) was
The stock is
$3.37 V2 a share.
priced to the public at
The
.l,354,h33
:
other
Miscellaneous
-
eluding
would
$2,756,849
.
?
Discount Corp.
transformers
price approxi¬
Rototiller
Hydraulics, Inc.—Stock Offered—Public offer¬
Greer
electric
operations
from
Profit
Other
to pay the balance due on the note to
of South Bend, Ind. (the proceeds of
obligation incurred by Gerity having been used to finance
expension of one of the Adrian plants and the acquisition
installation of additional facilities
such as, new tanks,
this
operation
subsidiary companies)
>945
(Including wholly-owned
Years End. Dec. 31—
Approxmately $285,000
Associates
the
of
Operating profit
Provision for depletion and depreciation
Cash
<a)
one
Co.—Earnings—
Great Northern Paper
(esti¬
to be received by the company
will be used for the following purposes:
net proceeds
mated $1,507,900)
month-—v-
Corp.—Transfer Agent—
Hanover
ing of 88,000 shares of common stock (par
made May 1 by Townsend, Graff & Co.
which
767,500 shs..
1,000,000 shs.
Far)
($1
PURPOSE—The
production
163, P- 2292.
May
in
said. that
2,000 per
1866.
p.
Bank & Trust Co., 70 Broadway, New York,
N. Y.. has been appointed transfer agent for the stock of this corpora¬
tion.—V. 163, p. 2292.
Central
The
of the
in
Outstanding
Authorized
,
litigation is completed.
with the case.—V. 163,
cipal business
and more
with the Rototiller, according to Joseph
April 26 announced the farm machine's
thoroughly worked seed-bed, has reduced its
a
Frazer
Mr.
reach
FINANCING
EFFECT TO PRESENT
CAPITALIZATION GIVING
Common
new
manufacture.
Net
Earnings
profit per share
*$7,384
$.04
13,091
.00
51,673
.09
257,895
.53
112,948
.22
190,261
.38
226,953
.46
259,556
.53
*4,294
*.02
of Michigan Die Casting Co. in the
3-year period ended June 30, 1945, and approximately one-half of the
sales In the year ended June 30,
1942, and the six months ended
Dec. 31,
1945, represented war work. The war business of GerityAdrian
amounted to approximately $119,000,
$1,531,000, $1,901,000,
$1,736,900 and $158,800 in the years ended June 30, 1942, 1943, 1944
and 1945 and the six months ended December 31, 1945, respectively.
;
Priced—
employ
to
mately one-third less than that of
the prewar machine, he said.
The corporation obtained manufacturing and sales rights to the Swissinvented machine and
has reergineered the tiller for assembly-line
^Substantially all of the sales
"
afford
now
can
approved OPA price as $395 f.o.b. Willow Run.
Volume production
of the power tiller, which
distrbuted by Gerity.
income
*$5,690
15,579
72,148
453,722
291,875
307,271
595,107
728,512
*191,994
farms
ended December 31.
+6 months
*L06s.
on
small
productive methods of tillage
W. Frazer, President, who on
(Merged Company)
Fed. taxes
less other
income
$1,147,869
1,272,400
2,258,401
4,761,608
3.379,480
2,800,666
3,745,886
4,361,180
2,630,981
to postpone a
desirable
of
Federal District Court.
York
New
debenture B committee, pends
The .company has petitioned
hearing of the case until the similar Wisconsin
The committee has urged the Court to proceed
suit, initiated by another
identical
the
New
Graham-Paige Motors Corp.—Rototiller
Owners
before
Costs & exp.
Net sales
Ended in:
assumption
the
on
common
net
corporate purposes.
Profit or
Fiscal Periods
to
plans
underwriter
The
warrant.
terminated.
is engaged in the
purchase
purchase
at $2 per share at any time on. or before April 30, 1948, one snare of
common stock for each warrant held.
The 15,000 stock purchase war¬
rants
will be sold by the corporation to the underwriter at 5<? .per
;
was
WARRANTS—Corporation, by action taken April
1946, has authorized the issuance of 25,000 common .stock
warrants.
The holders of 15,000 warrants wdl be entitled to
the cor¬
(Mich.)
effective on
respective
corporations.
Gerity-Adrian
the
that
Greenfield Tap & Die
States Corp.
1945,
October,
in
filed
was
and interest by endorsement.
mortgage notes as to principal
STOCK PURCHASE
castings,
die
+400,000 shs.
the exercise
the proposed
9,
It
The company
raw
osuance upon
Place,
Exchange
15
first
Die Casting Co. in Michigan May 1. 1937.
is
poration resulting from merger of Gerity-Adrian Mfg. Corp.
into
Michigan Die Casting Co.
This merger became
March 8.
1946, having previously been approved by the
boards of directors and stockholders of the constituent
As a result of the- merger,
the separate existence of
Mfg. Corp. has
for
reserved
stock purchase
>
the debenture holders alleging
company had
diverted to other purposes revenues w^ich it
bound by the terms of the debentures to pay them.
suit
The
in
Jersey City 2, New Jersey.
Western Gold Mines, Inc., which owns a majority of the outstanding
stock of Golden Crown Mining Co., has guaranteed these 3-year 4%
incorporated under the name
BUSINESS—Company was
HISTORY &
*590,COJ shs.
par)
warrants.
+As of Apr , 1, 1946, before
sale of 75,COO shares of common stuck .,>,w offered.
The transfer agent for the common s^ock is The United
sold in behalf of the
Michigan
($1
25,000"shares are
which
®Of
of
Co.—Stock Offered—An
selling stockholders.
and 150,000 for
company
stock
Capital
taken by the committee to the Wiscon¬
Supreme Court.
the Court
$62,500
$.2,500
notes, due 8/15/47
1st mtge.
4%
3-Yr.
group
offered 300,000 were
shares
.
appeal is expected to be
An
sin
An
Outstanding
;
?
committee that all income
after payments of specified' maximums to prior security holders must
be paid to debenture holders regardless of the discretion of the direc¬
tors.
!
the contention of the
decision denied
The
1946
1,
Authorized
headed by Buckley Brothers on
April 30 offered 450,000 shares of common Stock ($1 par)
at $6 per share.
The issue has been oversubscribed Of
the
being
CAPITALIZATION AS OF APRIL
Co.,
underwriting
is
which
the discretion of the board
income is solely in
debentures from
the
directors.
oi
erty includes:
of
Net
incorporated in Arizona in
was
halfway between
about
•Deficit.—V. 103, p. 1727.
by jt committee .of holders of
j
The Circuit Court for Brown County, Wis,, ruling in the suit which
concerned the construction of the provisions, of the debentures, upheld
the contention of the railroad that the amount of interest payments
ing to approximately $800,000, .instituted
class B debentures.
,.r
theoincome
on
BUSINESS—Company
Si
1937, and is now engaged in the mining and milling of ores contain¬
ing gold, silver, lead and zinc; The mill began regular operations on
April 1, 1946, so that there has been no substantial production to
date.
Located in the Fine Grove district in Yavapai County, Arizona,
2,666,433
1,223,537
1,059,032
2,540.498
866,090
<70,655
railway—
Net from
Net ry,
1,876,094
27,530
railway
from
Gross
Porter, New York on
$831,598
211,680
1946
March—|
Gross
Monday, May 6, 1946
CHRONICLE
COMMERCIAL & FINANCIAL
THE
2438
Aspinook Corp.
Easthamptqn, Mass. -Acquired
abov^^y^^l., P- ,760. r /-'t ,i«.
.
t
*
r^'4 -
>i•*';
.
rt:/v
s. f
lit
<
«
W
A
i,
.
,
»
t
■
■
•!
'
4 *
,
...
•
1"
■"
:
Volume
163
Number 4487
THE COMMERCIAL & FINANCIAL
CHRONICLE
Hanson-Van Winkle-Munriing Co.—Registers with SEC
poration's ; history,
The company on April 24 filed with the SEC
higher than the
$4,559,321.
The
for
$1,250,000
commpn
4 y2%
stock
sinking
debentures
fund
($3,50 par)..
Of
the
registration statement
a
and
shares
105,000
stock 39,400
common
shares
of
in
are
Underwriters
Maxwell,
are
Marshall &
Co.
Debentures
"Our
be¬
are
substantial
a
resultant
being sold by the corporation and 65,600 shares by certain stockhold¬
ers^
for"
ing offered at 100 and the common stock at $10.65 per share.
Ap¬
proximately $600,000 of the proceeds will be used for the retirement
of 14,899 shares of first
preferred stock at $40 per share, $600,000
for
thp payment of bank indebtedness and $143,500 for the purchase
of additional land and
buildings.
*
company on April 30 filed a registration statement with the
covering 85,600 shares of common stock (par $1).
Shares are
being sold by two stockholders, Albert L. Arenberg, President, 73,000
shares,
and
Louis
Sisskind,
Vice-President
and
Secretary,
12,600
Brailsford
are
&
of
believe
of
Quarters End. Mar. 31—
1945
1946
revenues
other
Total
opers.
$2,849,762
$5,854,285
$4,205,458
that
4,945
excess
Prov.
547,894
551,542
551,521
§3,649,046
§2,319,897
§4,406,818
26,195
11,705
for
Net
100,000
100,000
400,000
$1,467,611
$1,137,958
$1,378,410
109,360
131,232
131,232
profits tax.
DiVs.
on
stock
Previous
after
658,355
658,355
658,355
$983,538
divs.
surplus
$678,024
$348,371
$588,823
19,206,192
15,523,921
depreciation
and
amortization
of
$1,059,666 in
CONSOLIDATED BALANCE SHEET,
ASSETS—Cash, $15,359,476;
value, $7,716,040), $7,709,681;
cluding $812,692 arising from
facilities). $974,434;
accounts
materials,
S.
U.
accounts
refunds
accelerated
supplies,
and
U.
at
3 Mos. End. Mar. 31—
reserve
taxes
Loss
of
emergency
of
$853,612),
(8,706
cost
shares
preferred
total, $69,394,812.—V. 163,
1944
1945
$5,402,735
1,690,203
$4,248,685
176,383
$3,712,532
160,507
$4,425,068
$3,873,039
236,245
30
to
approved
281,342
2,251
+2,158,548
.
tl.742,940
,
$1,430,897
253,844
253,844
dividends——
514,312
514,312
514,312
Surplus
1
Com. shares outstanding
per
$1,372,248
253,844
514,312
5662,741
$604,092 *
685,749
685,749
685,749
685,749-.
$2.59
$1.63
$1.62
in 1946, $743,336
$811,848 in 1944 and $855,783 in 1943; Federal
excess
tax of $1,915,440 in 1945, $1,256,700 in 1944 and $797,157
in 1943, and Pennsylvania State income and franchise tax of $90,000
for all years.—V. 162, p. 2392; V. 163, p. 1566.
$351,797
$390,979
May 1 filed with the SEC a registration state¬
covering 90,000 shares of cumulative preferred stock, series A.
Underwriters
ferred
are
A.
be applied
will
000
on
series
A
and
G. Becker & Co., Inc.
Of the proceeds $4,983,-to redeem 38,000 shares of 4% cumulative pre¬
10,000 shares of 4% cumulative preferred series •
$3.09
$3.32
See
and
3'Months Ended March 31—
Gross
Cost
sales less
Of
'-
Belling, shipping,
Gross
Fees
returns and
sales
profit
derived
gen.
& admin,
,—
expenses..—
—
S.
(INCL.
The
to
Govt,
—
.
of
80 cents in
the
123,720
$1,633,474
$1,381,219
of
for the last
-
—^
allowed,
experimental
and
research
( and miscellaneous expenses_i—-.^—_——.i..
Provision for contingencies
-2,964,743
the
337,078
into
Net
income
before taxes———
Prov.
for Federal income and excess* prof, taxes
Postwar refund of excess profits taxes.—
$20,292;
mutual
accounts
increase of $5,109,445
Canadian
new
peacetime
with
during
income
124,599
63,185
.
-9,00
.
Int.
1945
of
!
Prov. for losses
on
income
$l55Q8j874
-598,000
$1,309,034
1,095,533
Cr99,071
name
of the
insurance-
versions
or
6.7%
or
on
that
over
26.9%
*.
/
3
income
——
;
■
*
——————
share stoek_—
$910,875
$0.62
After
provision for dividends on the shares of series A arid B.
preferred stocks outstanding, based upon-472,758ys shares outstanding
March 31, 1946, and 440,932 Vs shares outstanding March
31, 1945.
*
NOTE—included above
Provision
for
ate:
,
~
depreciation—'—————"
Provision for amortization of war -facilities
I
•
$131,450
<
$88,128
—70,377
B. R. Armour, President of "corporation, made the following stateto stockholders at the.annual.meeting Jbeld April 25.
"Bales for the first quarter of 1946 were the largest in the cor-
«ient
taxes.—
„
on
eff
the
RR.—Earnings—
W.
de¬
$165,169
the
$210,574 A
MONTHS
25,751
$174,057
$219,118
$589,509
133,262
133,299
$606,532
+ 400,087
96,045
96,866
$11,047
*"
on
from
—
Hutton
held.
and
the
company
has
involving
additions
to
with
plans
The statement adds:-"With
and equipment markets again
plant
already embarked
.
the
for
Balance
——*
Illinois Central
RR.—Earnings of System—
Period End. Mar. 31—
Ry.
oper.
expenses
Net.
Ry.
from
rev.
tax
Equip.
rents
joint
(net
rv.
Other
ry. op.
$1,261,612
accruals
&
.Net
Dr)
$9,593,447 $22,463,733
5,284,714
14,059,490
181,957
205,463
480,203
456,923
$3)121,276
$3,828,530
111,425
117,001
3,440
2,150
$7,947,320
376,780
!
13,918
954,384
1,025,883
2,880,099
3,091,917
§$1,011,201
$2,210,244
$1,318,019
.$5,218,265
deductions
383,325
"•■Net
fixed
income
0Includes
inclusive.
V.
charges
163,
accrual
for
tRestaced
td
increased
include
January to March, 1046r
Ship Island.RR. § Deficit.—
wages,
Gulf
&
1866.
p.
Illinois Power Co.—Bids Invited—
So.
the
in
13,737
$
Int., rent for leased RRs.
/& other
^
§$164,302
income
oper.
income
Miscel.
$8,787,392
5,460,653
1,243,957
facility
->
Salle
La
bids,—V.
"
purcriase
t
of
$45,000,000
co
■
March—
Gross
-
•
from
from
Net
-
'
ry.
1946
•
1945
,
>
*
railway-.—
railway-
" $763,752
$1,133,881
-47,277
-
income,-,
"12,688
1944
-
'535,078
oper.
Gross
-
from
Net
railway
'
from, railway-'—!—'
Net
ry.
•
2,235,299
451,441
income.—
oper.
"Deficit.—V. 163, p.
V,
-
•
$1|056,609 *
1943
$821,211
358.932
525,365
139,788
120,157
113,708
3,028,107
2,846,343
'2,272,111
170,203
1,321,029
377,487
1,306,184
978,015
358,549
344,475
-
,
V"v.'
1729.
Illinois Zinc Co. (& Subs.)-
-Earnings—
'
Six Months Ended Jan. 31—
Cost
of
1946:®
!—!—
goods
spld
■
_r
$2,106,675
1,922,557
1945
$2,467,694j
2,285,493
1,124
margin
$184,118
Admin,
and gen.
exps.. (incl.
*
pehsation
£20,150
3,505
reserve)—
contingent
——•
$1,177,665-
10,768,178
10,674,017
"Reduction
—
reserve
for
40,840
com-
profit from operations—...^—Income charges (net)————!——*».'
in
$182,202
42,582
—
Selling expehses -
$1,333,369
year—
''
v
'
From Jan. 1—
50,350
3,659
^
bonds
tCST) May 6, at Room 156i—
Coupon rates are to be specified
Street, Chicago.
163, p. 2293.
Illinois Terminal RR.—Earnings-
$2,151,672'
917,227
—
beginning of
program
1946—Month—U945
1946—3'Mos.—11945
$18,573,709 $23,167,184 $51,746,536 $63,700,806
17,312,097
14,379,702 42,153,089 41,237,073
revenues
Ry, -oper,
$2,150,548
183,660
t-
surplus
purchase
,
Ne.t
Net income
a
'
Federal and Canadian inc. and exc. prof, taxes
.
upon
and
replacements of facilities in accordance
modernization and product design changes
contemplated through the war period.
Orders for machine tools
and
presses
already placed aggregate approximately $2,000,000."—
V. 163, p. 2007.'
;
v
2,425,844
44,820^
1,080
■
1945
45,157
$2,437,917
A ■'?»
stockholders at the fate*of
free,
'$4,621,212'
$2,436,837
$84,505
•••
Co.—Registers With SEC—
to
augment its working capital.
the end of the war and with
machinery
31
2,780,928
—_
,290,950
adjustment income bonds.
ceeds
and>
$5,262,923
excl. provisions for lossesinstalment notes receivable-
399,796 A
288,137
$98,424
vear
MARCH
^
'
one share for each seven
shares of
While the company has
adequate working capital for
conditions, in view of the production uncertainties
facing all industry in the postwar
period, and to be prepared for a
possible Increase in the present
capacity of its plants because ot, the
unprecedented demand for
automobiles, the company will use net pro¬
March<-31, 1945.
ENDED
$580,781
-
26,665
on April 26
filed a1 registration statement with- the
shares of common stock
(no par).
Underwriters are
& Co.
Stock will be offered for subscription
by com¬
normal -times
231
the
$562,844
8,544
Company will receive -bids for the
$9,060,000 debentures up to 11 a.m.
of
>
$55,250
common
rugged
31, 1946,- ( howed
start
On
5
8,888
adj. inc. bonds—
E.
mon
Stockholders-^
March
at
7!
1946—Month—1945 /•
1946—3 Mos—1945
-v
$819,299
$822,690
$2,378,519
$2,397,612
654,130
7 612,116-; 1,815,675 '1,816,831
The company
SEC for 226,973
$312,572
$1.83
'
revenue
Hudson Motor Car
-
-
Minority interest in earnings of sUbsid.
Net
"♦Net income per common
-
I "37,010
780.
p.
charges
Net
over that
operations
paid
j, *n
79,000
282,099
263,102
398,477
739,514
163,
"Exclusive of interest
136. p. 1384.
Total
Interest
-
434^953
I
Deficit
company.
notes .receivable
operations."
Qther income credits—
•
6.905,746 4
-,
386,000
286,520
244,775
depletion.
Sales '
Net
,
U
1945,
(
excess
income.
$28,-
occurred in each of the 25 States
Provinces where the Company
operates,.
7
from
8,072,083
(no prov. for
on
income
'-Income
wartime glory have piled
their brief showings* in
: v
.4/:
1945.
Corp.—Quarterly Report—
CONSOLIDATED INCOME ACCOUNT,
Gross
*
1
$7,891,414 $
"
and
&
exp.
Gross
and
1946
r
?
the
.
*
of
oper.
Gross
1
:
months
seven
and
the company's offer to purchase at $50
per share the 17,100
outstanding.
To date approximately 64% of trie shares have
transferred
Operating expenses,
Total
Discounts
inc.
taxes 1
Operating income
Non-operating income-
acquired
a
controlling interest in the Peoples
located at 249 West 34th Street, N. Y.
City.
The
March 31, 1946, shows $855,000 of cash in escrow
Bank,
sheet
The amount of-customer
an
$1,257)498
25,328
was
1944, 97 cents in 1943
Valley Gas Co. below.—V.
cost-plus-fixed-
fee; contract, purchase discounts, etc..——_
v
on
'
1946
ri $10,163,845
income
Oper.
aver¬
share
■
and an-increase-of $17,226,364
The increase in business has
$4,559,320
$1,608,145
Subs.)—Earnings— •
—
Hudson & Manhattan
cover
shares
1945
$5^383,823
3,324,802
456,875
(&
Period End. Mar. 31—
has
company
Industrial
balance
SUBS.)
1946
allowances
-
:
from' U.
31
the
On
per
'
insurance,
investments,
Household Finance
been
EARNINGS-FOR QUARTER ENDED MARCH
$82,335,177 $64,215,631
charges
Gross
28-foot
Rio Grande
465,394
10,868,052
„11.189,384
~
and
$2,500,000 to prepay a promissory note dated April 2, 1946,
held by Bank of Manhattan Co., and given in connection with acqui¬
sition by Heyden "of 100,000 shares of the class B common stock of
American Potash &. Chemical Corp.
Balance will be added to work¬
ing capital which has been reduced by cash payments made in con¬
nection With the acquisition of Potash and of facilities located near*
Princeton, N. J., for the manufacture of penicillin.33
21,675,180
$2.63
Hope Engineering Co.—Distribution to
.
21,675,180
—AV 465,394
-r-
•"Deficit.—V.
t"Delivery time oh these orders will be
comparatively short, taking
only 30 to 60 days in the case of the smaller
craft, and somewhat
longer for the lafger boats," Mr. Higgins said. "The
outside delivery
date," he added, "in the Spring of next year for the
Sedan and Cruiser.
However, if production materials loosen uo at
all, we'll be able to fill
these orders even
quicker."—-V. 163, p. 2007.
Heyden Chemical Co.—Registers With SEC—
18,000^000
par)——
2007.
p.
Depreciation
$274,355
i$2.30
of
137,569
„
no
168,188
Skiler.
'
ment
$442,543
168,188
Presenting boating enthusiasts with their first
showing of motor
boats-since the war's end, the
Higgins organization displayed
a
complete line of pleasure craft
ranging from the small Higgins
"Autb Carry" to the 26-foot "Eureka"
Sedan Cruiser and the
1945,
company
163,
Piov. for Fed. taxes
and sail
$1.54
162,544
750,000
...
S3SL.V
Expenses
York, Detroit and Chicago, Andrew J.
Higgins, President dis¬
in New York
City on April 26.
"Business, booked during these three
showings of Higgins boats has
boosted the
company's backlog of bonafide boating orders To well
above
$30,000,000, and deliveries on these new orders are expected
to start in 30
days," Mr. Higgins stated.
.'
profits
The
$559,167
$420,330
life
models
961,358
10,000,000
stoe'e
Hudson Coal Co,
closed,
.
and
savings-
company...
—
Quarter Ended March 31—
1942
168,188
Higgins bokts. which covered themselves
up .hearly $2,000,000 worth of orders
tlncludes Federal normal and surtax of $1,284,839
in
''1943
reserves
of
V
Total
-V.
the
final
sundry
87,049
15,000,000
995,481
(2,167,518 shs.
,
$671,689
share.
com.
change
Higgins, Inc., New Orleans,
La.—Backlog RisesProduction
$1,328,160
par).
-(no
Earns,
to
$519,985
New
$1,439,845
253,844
preferred
stock
'70
983,631"
197,208
1,
fluctuations
employees'
series
X: I
4.023,622
852,381
__
liabilities
Taxes, other than taxes
1942.
value
current
337,6504'
3,253,501
Inc.
advances, $64,606;
property, plants and equipment
(after reserves
for depreciation
of
$1,550,150 and reserves for. amortization
of
$667,320),- $3,049,378;
patents, $542; deferred charges, $36,899;
total, $9,229,364.
LIABILITIES—-Accounts payable, including
renegotiation refund for
prior year,- $825,172;
salaries, wages and commissions, $254,103; ad¬
vances on
contracts, $82,775; payroll and
withholding taxes, $102,129;
New York State franchise
tax
(estimated), $92,721; Federal taxes on
income for current and
prior years
(estimated), $510,571; deferred
income, $26,593; reserves, for contingencies*
$165,960; common stock
($5 par value),
$1,393,570; capital surplus, $3,905,850; earned
surplus
(sjnee Jan. 1, 1937),
$1,869,920; total, $9,229,364.—V.
162, p. 3073.
income
$2,096,316
proposal
-
$5,926,125
534,605
profits,
—
——H—_
retirement plan
Minority interest in subsidiary
33/4% series preferred stock
163",
inventories, at lower of cost, $2,217,920; refundable
of prior yfcars Federal taxes
on
income (estimated), $118,307;
stock of Robins
Conveyors (South Africa)
surrender
excess
payable
profits
share.
reflect
posits, $87,025;
—
t2,748,776
in
income,
taxes.*...—
Res.
capital
Limited, who'lyowned subsidiary not
consolidated), at cost, $25,000; capital stock
of
National
Synthetic Rubber Corporation,
at
cost,
$45,000;
cash
239,571
203
profit—
pfd. dividends.—
a
1944
$641,020
220,690
com.
—$18,059,500
officers & others-
for Canadian
exchange
other contingencies
for contributions to
'
Cr200,000
to
stock
Capital surplus
Earned surplus
Hewitt-Robins
247,965
353,585-
'I
:
>..v-
Canadian
Miscellaneous
ad¬
*
cents
disposed
1,374,839
post-war
pel
and
capital
Common
716), $1,413,908;
$3,354,759
319,188
prof, taxes—
for
portion
$3,158,352
196,408
$3,790,342
Federal & State
Commpn
end.—V.
353,801
340.0894
Res.
5%
CONSOLIDATED BALANCE SHEET DEC.
31,
1,258,229
—
Net
this
improvements!
and
Sinking fund debentures,
2%'■■«,, due July
active
ASSETS—Cash, $1,573,927; U. S. Treasury notes, tax
series, at re¬
(after deducting portion allocated
for plant expansion
program
of $1,000,000),
$256,720; Federal excess profits tax refund
bonds, $319,840; notes and accounts receivable (after
$4,416,580
1,660,025
191,389
of
Cohv.
toward
867,000
84,269
$82,385,177 $64,215,631
Dividends
demption value
1943
$5,908,710
int., etc
April
,1!Includes Robins Conveyor Inc.
and 77,916
p. 1866.
$3,598,954
profit—
income
& excess
looking
57,239,528
31,540
855,000
.
on
corporation
§Including post-war credit
68
in process, $9,267,412; fin¬
reimbursable items (per contra),
1946
income
assets
and
the
on
39,441
867,000
...
Federal
Corp.—Change in Name Approved—
earned.
work
$4,919,751
—
on
Potash
on
278,714 sharfes outstanding at end of year.
'outstanding shares during year—232,662—$2.75
age
(in¬
1,320,797
profits on sales—
Total
American
JBased
(market
S.
.Hershey Chocolate Corp. (& Subs.)- -Earnings—
Cash disc,,
of
,
common stock (2,711,336 shares
capital surplus, $4,112,456; earned surplus, $16,-
stock,
treasury
Operating
value
74,323,192
oald.
i
payable to banks
payable to employees,
Notes
renegotiation adjustments.
.tThe amounts shown for Federal taxes reflect the
deduction there¬
of
"post-war rfunds" of $133,900 for
1944, $163,137 for 1943
and $115,000 for 1942.
(per
crimmon), Br$l,577,475;
Other
Notes
from
1946
securities
of
amortization
(less
receivable
payable
par),- $16,945,850;
Expenses
market
present
charges
LIABILITIES—
B
price
sales
'-Revised
preferred stock (par $100), $9,619,400;
Gross
class
Rubber Corp. below.
this
of
§Earns.
contra), $2,590,218; insurance re¬
serves, $1,193,714;
reserve for pensions,
$5,364,253; reserve for con¬
tingencies, $982,840: miscellaneous reserves, 877,805; 5%
cumulative
shares
of
Additions to surp. (net)
payable $2,757,942; accrued accounts, $1,deposits for returnable containers, $1,351,019; preferred divi¬
$109,360; U. S. and foreign taxes on income, $7,900,385; ad¬
507 459;
the
aggregate
Net
LIABILITIES—Accounts
sio
of
an
by
Net earnings
459,586;
and
at
yet
represented in
the
management
or
of American
Potash.
We believe
that
Dividends paid
products, $6,501,606; cash and
$2,590,218; plants and property, at cost (after reserve for depreciation
and
amortization. $39,909,425),
$18,G54,013;
other assets,
$118,639;
deferred charges, $349,251; total, $69,394,812.
dend,
shares
Corp.
The
Tgtal
Fixed
$1,094,-
1946,
MARCH 31,
Government
post-war
ished
vances
not
16,510,557
18,199,040
1944 and $1,044,651 in 1943.
§After post-war
in 1945, $257,697 in 1944, and $489,646 in 1943.
credit of $405,450
$7,860,082;
is
justments
$935,270 in
1945,
100,000
tax
1,469,999
.
anti-biotics
$14,403,458 $15,845,632 $16,591,021 $12,082,934
Gross profit
903,020
1,911,845
2,166,043
1,613,961
tFederal income taxes..
462,000
1,391,860
1,608,876
1,171,418
$16,507,459 $19,884,216 $18,547,411 $17,099,380
4,312,456
4,112,456
4,112,456
4,112,456
Avge. outstdg. com. shs.
2,633,420
1,316,710
1,316,710
1,316,710
Earnings per share
$0.62
$1.01
$0.76
$0.95
800 in
of
Chemical
purchase.
111945
Net
surplus
«After
other
on
prof,
$4,006,014
539,986
ZZZZ
furniture, equipment
Deferred
CONSOLIDATED INCOME ACCOUNT FOR CALENDAR
YEARS
Earned surplus
Capital
and
excellent
stockholders
The
131,232
658,355
stock
com.
earns,
acquisition
Potash
Hewitt Rubber
Prov.
Net
our
an
directors
Hewitt
name
16,293
contingencies
pfd.
cn
of
See
ex¬
earnings
Divs.
program
••
•
—
-
receivables, etc..
Office
upon closing
price April 24 is $4,075,000.
Heyden
single stockholder of American
Potash, holding ap¬
18.9'/« of the voting stock.
11,972
tax.
income &
profits tax
•
research
„
---*
*
—
.
of Fed. excess
escrow.....!
:
in
Other
now
92,657
1,071,133
$1,751,253
income
Foreign
cess
are
2157..
5,850
58,594
4,668
79,688
U. S. capital stock tax_
Fed.
is
directors
p.
$6,847,228
11,083
deductions
Federal
by the Government and
Heyden
ja
—
Refundable port,
Cash
Hewitt-Robins Inc.—New Name—
income
Miscell.
of
$23,003,774 $28,259,873 $26,560,896 $30,367,239
2,731,481
5,792,109
4,133,274
6,301,450
118,281
62,176
72,184
45,778
income
m..A.,
production
1945
$4,982 399
.
notes
receivable—net—.T.
Travel advs. and
empl. notes & accts. recciv...
-
the
—•
Government*' secinlties^-at cost——..I:.':.
Instalment
look
participation in the management of American Potash we
may
be
able,
over
a
period of
time,
to
help that company
increase its
earnings.
Negotiations have been instituted by us with the board
1943
Net sales and operating
^Profits. from
-
for
based
"Heyden
1944
-
facilites
I
largest
board
England)
and
extensive
•
American
stock
the
is
Canada
in
Cos.
-
•
accepted
and
pencillin continues
believe that, we are now one of the three or
producers of pencillin in the
country.
We also have
$3,500,000
this
Co.
Hercules Powder Co., Inc.—Earnings—
Sub.
"
Princeton
level
title to the
facilities
to
preparation.
Our
production
of
an
proximately
(Including
satisfactory
hand and in banks—.
on
U. MS.-
very
been
CONSOLIDATED BALANCE SHEET,- MARCH 31
y'
^* ;\
"T
v '
; ' : - i946 •
-ASSETS—"
.
Cash
and. we,
way
stock
*mi£Pi
a
'
a
transferring
largest
"I
SEC
with
reserves
including streptomycin.
The
Underwriters
the
has
corporation's "tax
•
at
'
"
purchase
increase
under
Harrison Wholesale Co., Chicago—Registers With SEC
year.
>
2439
.
the
earnings.
continuing
to
of
course
to
in
for .$1,700,000
documents
four
shares.
offer
pencillin
in
in
are
excellent
an
.
reduction
increase
■
sales
"Our
of
amounting
to
$5,389,824,. approximately. 16%.
corresponding quarter of 1945, .which amounted to
elimination of
the excess profits tax has resulted
T
ContingehcieS-
67,988
72,541
.$73,548
22,712
$68,821
18,911
-.
—
."
■
Cr5;157
______
Total
—
wv—
l*--
Dividends,on 5% preferred
Dividends Oh-33/<^ preferred
Common
dividends
Contrib. to
.
-.w
758,631
savings-retirement plan
benefits^i^*to^^^fcfcfc.w
Balance surplus at end of period.
<
225,000
93,750-
.
^-.:l.i.-!-._!.—*
employees'
for past service
$12,101,548 S1L85L683*
'
Net income
1
| $50,837^
Earnings per share—.
$°-52
shares' outstanding
100,940
——
" 758
631
■
-
59.783
to
expenses <on
-NOTE^^There
-was
postwar
products
included
under
no-provision
for-Federal taxes on
reserve for contingencies in 1946 or 1945.—V. 163, p.
465.
_
,
100,§40
income
charges.!!!
s
$11,189,383 $10,368,052
#fequal
"$55,066
Income
and
is
•V'-;V
''i:.'.'^':."-•■■-•/"■''b*:'
.i.V_> .;■•:<
*'
mk
'r- 'y-' -:V'
!
■
I
.A."J .'
■
M-) >!««/!*: I„ .LUJVt*;!..*
*
'•
'f«
;
•
•'••••«
';!
■
-rv''«
■
.-
■
•**?''
•
•I
r>
<t
f
"t 7 o
ff A I A f*
■■ill
Vl
r-sri
/>?
Monday, May 6, 1946 *
FINANCIAL CHRONICLE
THE COMMERCIAL &
\
—
■'
•''}
'
r
d>*'"Wl^.r»:•;»:c<-.W.
j,!*
ft, Indiana
,
'■
1,638,467
oper.
$1,496,309
1,236,558
*$150,885
$259,751
*$88,669
expenses
Net rev. from ry. ops.
$990,479
$798,037
$2,914,695
from ry. opers.
339,588
253,369
298,482
230,787
192,246
1,100,473
$2,280,411
906,848
817,541
696,248
705,623
577,793
Net rev.
3,752,336
chgs.
Inc. avail, for fxd.
Net
163,
215,136
income
—V.
$446,934
234,425
303,246
280,283
499,414
80,939
92,793
112,257
179,830
accruals
Lquip. Si Joint fac. rents
Railway oper. revenues-
$4,199,270
$3,978,359
4,067,028
$1,487,582
revenues.,
oper;
*$868,366
9,675
2,795
1,241
stockholders
Total
Total
*$441,731
deduc.
$88,814
*$860,423
*$81,062
3,336
inccme
3,138
9,599
9,398
—
43,282
33,828
127,011
$51,848
£$997,033
(jfNet deficit
-r-V.
The
1945
$3,447,37o
Oper. maint. and retire.
or
deprec. expenses—
Federal and local taxes
Net
1,162,714
1,080,302
"$1,219,319
$1,156,961
$1,127,282
516,208
107,122
504,875
75,588
504,875
30,236
$595,989
$573,498
$542,171
Other deductions..
divs.__
for
avail,
MARCH 31,
SHEET,
BALANCE
Total
dividend
profit
sfc!
2,133
$5,283
2,575
$5,235
and
interest
income-
U,
Feb.
Government
S.
Army.—V.
Dividends
on
472,228
and
demand
on
interest
accrued
for
deposit
£■„g,
;
S
la
Reports
from
reveal that
IBM
branches
in
"
months in cases of illness or injury
ffom any cause
company $500,000 last year.
The company
now has approximately, 21,000
employees, of which 16,858 are domestic.
pay up
cost the
to six
;>tVwXohn G. Phillips, Secretary, Treasurer and
-pany, has
mittee.
The
k*
member
a
declared
the
director of
a
and
executive
on
com¬
dividend of $1.50
holders of record
26,028
March—
1944
1943
$2,633,190
$2,799,823
1,004,874
342,234
$2,493,953
1,103,487
405,438
H Net from railway
Net
ry. oper.
117,551
848,141
"387,934
income
342,091
From Jan. 1—
Gross from
from
Net
%>
railway
7,321,719
799,022
163,
7,541,125
7,147,178
2,117,323.
6,114,052
railway
2,552,494
3,201,603
929,212
1,225,663
36,750
936,649
1866.
p.
International Mining Corp.—Net Asset Value—
At
March
31,
stock
common
1946,
of
the
asset
net
corporation
value
outstanding
mately $9.73 per share.~V, 162,
a,r
of
the 489,973 shares of
$4,769,552 or approxi-
was
p. 2393.
I' 'the company
on;April 26 filed with the SEC. a registration statev ment
for 400,000 shares of cumulative preferred stock and an inde¬
new
number
for
$100)
'
aDf
cated
'
the
and
shares
(par $15). : Dividend rate on
by amendment.
The securities are to he
underwriting discounts or commissions
no
connection with the offering. Company proposes to
cumulative convertible 5% preferred stock (par
to
*
right
on,
fractional
exchange 400,000 of such shares for
share
I
.
,
common
for
each
J945, there were .925,963 shares of 5%
If more than 400,000 shares
standing.
an
allocation, of the 5%
certificates
The
for
Bankers
a
preferred
share
of
or
an indi¬
5% preferred
As of Dec. 31,
old preferred stock out-
are deposited for exchange
preferred to be accepted will be made
No
fraction
Trust
.
new
s of one share of new Preferred and
of
exchange offer will be filed by amendment.
.
|
common
be filed
exchange
\b?/aid
*
of
preferred will
-offered
of
a
share
of
common
will
be
issued
in
trustee, 16 Wall Street, New York N Y
will up to May 31, 1946, receive bids for the sale to
it of first' and
refunding 5% sinking fund mortgage bonds, series A and series B
to
an
amount
sinking
p.
fund,
1,
1946, $23,006 of
bonds, series A,
operation of the
Public
Service
12 Months Ended March 31—
Operating
1946
Federal
income
Federal
and
excess
Co.,
sufficient
at
prices
to
exhaust
not
2007.
to
the
exceed
sum
of
102%
$100 904
and
now
in
interest—V.
the
163
—V.
Vt'7
i>
s:
1945
<3ross
rjA
Transfer
Bank
National
Agents—Chase
Bank
&
Trust
of
Co.
York
New
Con¬
and
Registrars—
Chicago.
of
.
Chi¬
New York, and Harris Trust & Savings Bank,
367,862
mines,
$1,235,657
42,078
BUSINESS—Company
&
incorporated
was
in
has
and
although
$1,277,735
614,191
$1;572,860
business
of the Delaware Company.
sold
to
the
similar
and
products
other
are
col^]structioni((petroleumijt^
of business on Feb!^87"l946
the suilivan
Conveyor & Manufacturing Co.,
the company.
The businesses of
(Mass.)
and Ladel
merged into and with
Co.
were
sale
coal
manufactured
also
Effective"as~"bf*the close"
Machinery
(Ohio)
—767,566
continued the
since
principal business of the company is the manufacture and
mining machinery and equipment largely used in underground
The
the.'tftree companies, which will-be continued by
supplementary rather than competitive.
the company, were
;
Net
income
Dividends
$805,294
accrued
stocks
preferred
CAPITALIZATION
5663,544
334,903
$328,641
share on 412,000 shs.
2293.
per
163,
of
com.
$1.14
$0.79
stock
1946
31,
Outstanding
Authorized
serially from Dec.
loan notes due
Term
Earns,
MARCH
334,903
$470,391
on
Balance
—V.
Stock Offered—An under¬
—
Pennsyl¬
vania Feb. 7, 1939.
On Sept. 30, 1939 the company acquired the assets
of a Delaware corporation of the same name incorp. October 8, 1921,
$1,535,387
deductions
46,774
111.
of
37,473
&c.,
70,160
1866.
tinental-Illinois National
831,861
income
$497,513
41,292
93,547
22,940
Pressprich & Co. on May 2 offered 51,400 shares of com¬
mon
stock (par $1) at $32.50 per share. The offered
shares, which are issued and outstanding, are being sold
by the Adams Express Co. and American International
Corp. On March 15, 1946 those companies owned a total
of 171,250 shares of Joy.
634,034
-•>.
Interest charges,
$345,256
dividends
writing group headed by Hallgarten & Co. and R. W.
724,021
(net)
income
1,230,484
327,552
taxes
operations
earnings from
76,906
176,528
dividends
163, p.
and
Net
Other
95,368
8,000
tax
dividends
common
Common
687,621
income
profits
52,398
14,970
6,000
76,000
$194,106
preferred
595,919
depreciation
than
$1,890,825
33,522
165,145
profits
excess
A
371,920
for
other
Taxes
$761,587
129,462
income
Net
Class
$6,682,330
2,893,204
Maintenance
Provision
28,387
$449,251
income
deductions
$7,171,938
3,149,230
revenue
34,828
corporate net income tax.
normal and surtax
cago,
Co.—Earnings—
Operation
$1,862,437
$726,759
16,750
Bankers Trust Co.,
$3,000,000
$3,000,000
1, 1946 to Dec. 1, 1953 to five banks
Common stock
($1 par)
1,000,000 shs.
"668,044 shs.
p.
which became effective Feb. 28, 1946,
the common stock of the company
common stock of Sullivan.
Holders of
"In connection with the merger
Jeannette Glass Co.—Proposed Stock
York
The, New
Curb Exchange
270,000 shares of common stock,
on
April 23
Split-Up—
of
to
Amendment
the
Articles
of
of
Incorporation. Stockholders at the
April 27 approved a three-for-one split of the
par common shares. The
said it has no present plans to issue the additional 230,000
meeting held
on
stock and authorized 500,000 new $1
authorized
of
but
unissued
stock.—V.
162,
p.
1641.
Jersey Central Power & Light Co.—Registers with SEC
The
registration statement with the
and 145,000 shares of cumu¬
lative preferred stock (par $100).
Interest and dividend rates will be
filed by amendment.
Proceeds from the sale of securities estimated
at $48,840,000, with proceeds from the sale of $5,500,000 new notes,
a capital contribution of $5,000,000 to be made by NY PA NJ Utilities
Co., parent, and general funds of company in the amount of $6,057,598
will be used to redeem and retire all of the presently outstanding
bonds, notes, and preferred stock in the arhount of roundly $65,000,000.
Names of underwriters will be filed by amendment.—V. 163, p. 2158.
company
on
April
24
filed
a
April 30 offered 60,000 shares of 5% cumulative
convertible preferred stock at par ($25) and .accrued
Inc.,
issuable
were
approved the listing
$1, in substitution for the 90,000
shares of outstanding common stock, no par value, said new shares to
be added to the list upon official notice of the filing of the Certificate
par
on
Sullivan
thereafter
per
to
incl. Dec. 31, 1949;
to
share
common
and. incl.
to
and
31,
in
of
issuance
Sullivan,
Nov.
On
24,
1945, 49,002 shares of common stock of the company
for 2,041shares of common stock of Ladel,
in exchange
issued
were
value of $100 per share.
(The remaining outstanding
shares of Ladel, 458 Va, were acquired for cash at a price of $600 per
share or a total of $274,950.)
having
par
a
underwriters
UNDERWRITERS—The
named
gate of 51,400 shares of
common
each
PURPOSE—Net proceeds are
$825,000 will be applied toward
Loan
AS of March
have severally
agreed to sell to
below, an aggre¬
below
agreed to purchase and the selling stockholders have
them severally, in the respective amounts set forth
stock:
No. of shs. to be sold
Adams
Pressprich & Co
Blyth
& Co.,
Inc.—v
Brothers
1,921
4,329
1,921
3,463
3,463
R. W.
Lehman
American
4,329
Hallgarten & Co
1,537
1.537
S.HD*vis
angle#!,mr
16.
1,307
1,307
922
2,078
& Qo.---
1,352
2,943
2,078
lUl
1,537
3,048
Securities Corp.^v-
Smith, Barney & Co
1,537
3,463
2,943
Mellon
3,463
922
and
Agent, First National Bank of Chicago, Chicago, EL
trar, Harris Trust and Savings Bank, Chicago, hi.
V
as
31, 1948; $19.50 thereafter,(j&o and
$20.50 thereafter to and incl. Dec. 31j, 195Qh$21.50
Transfer
ulation
stock at the rate
pursuant' to the merger, but exclude the 5,442 shares.
1946 all such dissenters except the holder of one share
a
result of negotiations conducted with their repre¬
sentatives by the company, accepted shares of common stock of Joy
in exchange for their Sullivan shares on the same basis as the
nondissenting Sullivan stockholders.
for
Dec.
1952;
thereafter;
common
Since Mai'ch 31,
inchiding,ibec.cu3.1,!tl947;
incl, Dec. 31, 1951; $22.50 thereafter ,tq and;.incl.
$23.50 thereafter to and incl. Dec. 31, 1953;;-and $25
case
subject to adjustment.- Redeemable at the
option of the company at redemption prices graduated downward from
$27.50 per share if redeemed on or before Dec. 31, 1947, to $25 per
share if redeemed
after Dec.
31, 1955; in each case plus accrued
dividends.
Redeemable
through operation of the sinking fund at
redemption prices graduated downward from $26.25 per share if re¬
deemed on or before Dec. 31, 1947, to $25 per share if redeemed after
Dec. 31, 1955; in each case plus accrued dividends.
Dec.
instead of 5,442 shares of
shares
lields.fe, Company
$17.50
thereafter
shares,
l'A shares for each share of Sullivan. The above-mentioned 668,044
include the 109,585 shares issued and 25,357
shares reserved
of
.?T38BA
$18.50
common stock of Sullivan dissented from the merger
entitled to receive an agreed or appraised value of their
became
Convertible, unless previously redeemed, into common, shares #1..the
company at conversion prices (taking the preferred shares at;i$?§ per
of
of
shares of
4,354
and
dividend.
share)
140,384 shares
in exchange for
of
maximum
a
Jessop Steel Co., Washington, Pa. — Preferred Stock
Offered—Paul H. Davis 8c Co. and H. M. Byllesby & Co.,
International Paper Co.—Registers With SEC--
terminate
June
SEC for $34,000,000 first mortgage bonds
Net ry. oper. income
"Deficit.—V.
on
1943
$432,501
profit
HISTORY
shares
1945
$2,024,146
railway
Redemption—
called for redemption
^
Iowa
amortization
and
Joy Manufacturing Co.
$537,239
due Jan. 1, 1961, at 100 »/4 and
sinking fund.
Payment will be
corporate trustee, 115 Wset
Monroe St., Chicago, 111., or at the Bankers Trust Co., 16 Wall St.,
New York, N. Y.—V. 161, p. 2009.
through
company
194S
from
4%
doubtful accounts
for
income
Other
9,401
company has
common
Gross
1944
14,159
2158.
p.
mortgage
•
^International Great Northern RR.—Earnings—
51,592
471,076
marketable
of
$1,027,419
163,
gen.
Gross
Prior
surplus
annual
*
4,000
$11,421,536 $12,643,060 $17,226,737
9,771,550 10,656,434 14,215,154
1,139,027
1,178,647
1,049,139
55
13,203
13,411
78,401
68,015
86,593
&c
goods sold
& admin, exp
of
Provision
330
41,200
made at the Harris Trust & Savings Bank,
the com-
finance
•
quarterly cash
payable June 10 to
regular
a
the capital stock,
22.—V. 163, p. 1429.
May
of
••
directors
*hare
i*')
been elected
win
3,000
discounts,
less
sales,
Gross
5,000
Moran
INCOME STATEMENT FOR CALENDAR YEARS
COMPARATIVE
$82
91,881
cost
over
Iowa Electric Co.—Partial
were
Providing regular;
Hummer & Co
Other
858,528
market value
interest,
Group insurance which the company carries on its domestic em¬
ployees without cost to them aggregated $163,521,650 at Dec. 31, 1945,
or an average of $11,344 per employee.
Accident and health protection
:
—V.
first
countries
European
Inc.
Federal
$133
fee
Total
leave to the United States
liberated
&
$537,239
249
managers
surplus
Earned
The
nine
2,000
3,000
Co
&
MacGregor,
Glover
Federal
broker for securities purchased
Paid-in
able to retain a total of approximately $2,070,000
cash In addition to other assets, which money is being used to rehabilitate IBM business in those countries, he stated.
they
8,000
Dickson
S.
R.
2,800
4,877
Capital stock (stated value $1)
President, told stockholders at the annual meeting nn April 30 that IBM sales for the first three months of 1946
were 134%
ahead of those for the corresponding 1945 period and the
company has a very
substantial backlog of orders.
He added that
business Is now coming in faster than expected with the result that
the company has increased its night factory force.
During the first
three months of 1946 IBM increased its sales cost $2,374,781 because
of. an increase in the number of its salesmen from 815 to 1,707.
The company has 101 new projects relative to its regular products
and new inventions in its laboratories, he stated.
It has 242 patent
applications embodying 4,840 claims pending, he stated.
A development for use in connection with offset printing which the
company evolved from
its electromatic typewriter has been turned
over to the Commercial Controls Corp. of Rochester, N. Y,, in which
IBM owns approximately 40% of the stock in addition to a royalty
agreement on the patents and other interests which are expected to
be profitable, Mr. Watson stated.
^
Byllesby and Co. Inc..
& Co
4,000
David A. Noyes & Co
4,000
Shillinglaw, Bolger & Co
3,000
Walston, Hoffman & Good¬
Total
26,431
$1,027,419
investment
5,000
Brothers
Mason,
70,468
receivable
securities sold—__i
assets
to
Due
.
t{.
294,765
137,910
-
Inc.
Company,
Mason
$169,206
Accrued custodian fee
Ratified—
Thomas J. Watson,
life-
10,000
Co
&
&
4,000
Penn.
Total
..;;
International Business Machines Corp.—Sales Up 134%
:
No. of
Shares
Kalman
5,000
Selling,
28, '46 Nov. 30, '45
333,505
stocks
from broker
Due
'
"
*'
2293!
p.
the several underwriters and the
purchase are as follows:
of
names
each has agreed to
$52,469
.
bank and
in
Excess of
163,
$6,134
LIABILITIES—
of 1942 until last October he was
June
Davis
H.
Depreciation
bonds
bonds
Preferred
Cash
Megan has been elected Secretary to succeed J. H. Morris
i^bo is retiring after 28 years of service with the company.
v
Mr. Megan was appointed Assistant Vice-President in 1939 and was
engaged principally in the legal aspects of administration.
From
,
Paul
3,433
$9,447
income for period.
Other
Inland Steel Co.—New Secretary—
-
which
$2,701
6,739
transactions-
Marketable securities at market quotations:
due
fe-Graydon
?>;.
2,534
$2,708
income
realized from security
securities
'i;
items.
shares
of
Ames, Emerich & Co., Inc.
Brailsford & Co
Cost
890.
p.
$3,102
OCK AND SURPLUS
1.500
y.J 158,
Nov. 30, '45
2,327
ASSETS—
2293.
Industrial Silica Corp.—Split-Up
specialty
1945
Net
The stockholders on April 25 authorized a ten-for-one-split of the
shares of $100 par 6V2%
preferred stock now outstanding.—
,
of
Balance
Accrued
.
and
No. of
$2,956
expenses
incorporated in Pennsylvania
Shares
marketable bonds.
on
was
Ltd., an old established com¬
pany in Sheffield, England, in order to provide American customers
of that company with fine saw and knife steels, but in 1924 the com¬
pany was acquired by American interests.
• • —
The company is in the business of manufacturing and selling highgrade specialty steels, including tool steels, light armor plate, stain¬
less steels, special
alloy steels, composite metals, cast-to-shape steels
Wayne
Net
60,000 shs.
187,094 shs.
500,000 shs.
1901 by William Jessop & Sons,
22,
H. M.
$598,691
750,000
preferred—
$1)
to
Feb. 28, '46
earned
Interest
1966, $14,425,000; first mortgage bonds, 3% series due 1975, $1,000,000; common
stock, $4,000,000; 5%
cumulative preferred' stock, $1,054,900; con¬
sumers' deposits, $122,230; matured interest;
$1,253; taxes accrued,
$1,131,073; interest accrued, $160,455; other
current and accrued
liabilities, $94,992; revenues billed in advance, $1,843; unamortized
premium on-debt, $45,383; customers' advances for construction, $193,574;
contributions in
aid of construction, $2,591,842; reserve for
depreciation, $2,053,065; other reserves, $26,123; earned surplus, $2,615,716; total, $29,517,448.—V. 163, p.
(par
& BUSINESS—Company
HISTORY
Nov.
number
marketable stocks.
Cash dividends on
1946
series
3Va %
bonds,
been elected President to succeed the late C. P.
also Chairman of the board of directors.—V. 162,
Period—
$1,080,708
504,875
Cr22,858
deposits, $38,926; postwar refund of Federal excess profits tax, $48,700;
prepayments, $11,549; unamortized debt discount and expense, $684,626; miscellaneous suspense, $16,984; total, $29,517,448.
mortgage
shares
Feb. 10, '45
plant. $25,145,976; investments and fund accounts,
$9 413*
cash,
$1,566,777; U. S. Government securities, $1,550,000;
accounts receivable, $294,655; materials and supplies, $150,042; special
LIABILITIES—First
was
3 Mos. End.
ASSETS—Utility
^
$25)
UNDERWRITERS—The
Total
Bal.
>
of
Investors Selective Fund Inc.- -Earnings—
1,113,119
1,127,700
charges
who
1,074,602
972,222
1,050,643
(par
convertible
cumul.
5%
Common
$3,127,533
1,198,518
income.
Interest
the listing
approved
23
3193.
p.
$3,320,703
has
Hopps
Stewart,
1943
1946
$3,468,480
earnings
April
on
"split-up."
three-for-one
B.
S.
12 Mcs. End. Mar. 31—
26, 1946.
Curb Exchange
York
New
posed
Indianapolis Water Co.—Earnings—
Gross
Jan.
on
787,618 shares of $5 par common stock in substitution for 262,539
outstanding shares with a par value of $15 pursuant to the pro¬
amounting to $431,616.
February and March, 1946
163, p. 2007.
shares
386,000
1,000,000
100,000 shs.
credit
Preferred
$930,000
'
of
par
redeemed
applicable to Jan¬
X Net income.
and related taxes
"Includes wage award
•'•Deficit.
uary,
May 1 approved a proposal to change the au¬
stock from 400,000 shares, par $15,
to 1,200,000
$5, three new shares to be issued in exchange for each
$15 par share held, and voted to eliminate from the company's charter
all reference to $3.50 preferred stock, the entire issue of which was
$191,976
charges—
*3?,-. • *
common
shares,
101,516
$488,349
fixed
thorized
6% debs., due Nov. 1, 1959
under unsecured line
notes
bank
on
$1,000,000
400,000
1954
1,
Nov.
year
1%%
Listing—New President—
The
Miscellaneous
Approved—
Corp.—Split-Up
EFFECT TO PRESENT FINANCING,
Authorized
Outstanding
GIVING
sinking fund bonds,
5%
mortgage
due
Utilities
4
etc..
CAPITALIZATION
15
*$90,737
7,943
$86,019
*$442,972
income
tNet ry. oper.
Other income
expansion,
1st
2007.
p.
International
i
1946—3 Mos.—1945
1946—Month—1949
Period End. Mar. 31—
.—1945
1946—3
1946—Month—1945
*"
"""c
Period End. Mar. 31—
yf
Ryii tax
International Rys. of Central America—Earnings—
Harbor Belt RR.—Earnings—
Ry.
banks sufficient termination claims under war'production
contracts to complete the retirement thereof in full upon the payment
of such claims.
The balance of the net proceeds, will be used for
loaning
which
Regis¬
estimated at $1,383,238. Approximately
the retirement of the company's Reg¬
was outstanding
in the amount of $1,435,432
25, 1946, the company having heretofore assigned to the
Kansas City
Southern Ry. Co.—Earnings-
period End. Mar. 31—
1946—Month—1945
$2,507,953 $3,558,336
1946—3 Mos.—1945
$6,984,117 $10,011,820
Rwv
oper
revenues
Rwy!
oper.
expenses
1,806,804
1,974,928
4,679,202
5,819,487
fr. ry.
.$701,149
90,000
135,000
$1,583,408
750,000
$2,304,915
325,000
$4,192,333
1,550,000
185,000
380,000
$476,149
140,900
$648,408
$2,107,333
7,221
2,296
$1,599,915
362,775
14,788
$465,175
$1,222,352
$1,574,983
Net rev.
oper._
Federal income taxes—
Other
rwy.
tax accruals
Rwy. oper. income—
rents (net Br.)._
(net Dr.) „
Eqpt.
Jt. fac. rents
Net
—V,
ry.
oper.
income
163, P. 2158.
.
.'
$328,028
180,937
•
535,000
525,333
7,017
tlfs^'-uU,' i
fnTT-n
Volume 163
Kansas Oklahoma & Gulf Ry .-^Earnings---
Net
from
Net ry.
1943
163,
(Julius)
A
1,096,629
656,073
provision for 1946 Federal taxes on income (est.),
$28,396; minority
interest in capital stock and surplus of
subsidiary companies,' $29,269;
317,267
6%
98,622
1,062,319
563,177
249,094
1,042,664
576,113
245,185
402,649
182,129
7%
$1
value
par
Quarter Ended March 31—
•Net sales
of
expenses
$553,595
46,956
$555,464
<
Federal
taxes, normal &
,and total Canadian taxes
Excess profits tax U. S. A. companies
"Includes
197,021
Total
respectively.
tBased
on
NOTE—Above
Ltd,,
previous
and
the
purchased
Select-O-Phone
office
be
has
dividends
earnings or
Kayser-Bondor,
Co.
of
intercommunication
transferred
from
R.
Providence,
Select-O-Phone production
Chicago
immediately.—V.
systems.
Providence
to
Profit
from
other
operations.
Prov.
bef.
for Fed.
Net
taxes
inc. taxes
profit
Earnings
$2,822,328
854,488
1,470,958
share
per
$1,351,369
$0.44
$1.78
Notes
receivable
Accounts
Inventories,
raw
Inventories,
dies,
Postwar
540
manufactured
and
1,007,592
3,221,516
reserve)
goods
273,909
rolls,
etc
profits
excess
Industrial
(less
tax
insurance
receivable—
Patents,
prepaid
insurance,
Total
taxes,
are
adv.
exp.,
would
in
as
settlement
Many of
set
these
have
the
of
ships
trans-oceanic air
the
of
been
case
possible
with
to
many
those
contracts.
It
is
453,029
Railway operating
Railway operating
the
for
Reserve
Common
.
and
$530,979
1946—3 Mos.—1945
$1;681,547
$3,214,866
$5,322,002
836,224
1,020,592
2,222,793
2,940,497
$253,073 :•' .$660,955
Crll,000 '
321,000
69,449
> r 82,004
$992,073
$2,381,505
63,929
217,487
are
in
now
service
Jt.
tax
ry.
accruals
125,000
>
1,274,600
T99.005 ^ 237,669;
$194*626
«
11,240
$668,068
171,294
21,717
$869,236
61,544
8,036
$124,919
income
$257,951
61,671
$185,167
$475,057
$667,837
rents—net debit
ry.
oper.
-
168,507
32,892
Calls Series A BondsAll
of
the
outstanding first mortgage. 5% bonds, series • A, have
called* for redemption oh June 1,
next, at 103 and interest*.
Payment will be made at the office of Dillon, Read & Co.
Inc., paying
agent; 28 Nassau St., New York, N. Y.—V. 163, p. 2159.
been
within
commence
fac.
Net
trans¬
on
the
next
60
days
de¬
14-
Louisville Gas & Electric Co.
(Ky.)-—Weekly Output—
Electric .output of this company for the week ended
April 27, 1946,
totaled 25,494,000
kwh., as compared with 31,280,000 kwh. for the corr
"responding week last year, a decrease of 18.5%.—V. 163, p. 2294.
through Nov.
revealed
1947.
either
on
the
Constitution
or
revealed
that
Lockheed
-
has
i
two
The
Louisville & Nashville RR.—Earnings—
gas
March—
now
organizations
have
in
Gross
Net
of
Gross
Net
Corp., in which Lockheed owns a 95% interest,
profitable operation and extended its activities from the
east
Coast
into
Texas
and
Oklahoma,
the announcement
con¬
3,156,800
8,878,607
9,569,054
possible
order.
position
mechanical
it
reasons
is
1943
1
V
43,952,953
•
53,131,189
20,010,948
20,703,168
4,961,959
income;
53,374,566'
9,210,751
6,366,536
6,319,776
50,478,477
22,308,965
6,421,462
163, p. 1867.
-Stock Diy.
The directors have declared a
special stock dividend of 20%, pay¬
able June 1 to stockholders of
May 4, and the usual semi-annual cash
dividend of 25 cents per share, payable
July 1 to holders of record
June 5,
A similar cash distribution was made on Jan.
l,. last.
Richard A. O'Connor; Chairman of the board and
President of the
Company, stated that reconversion to civilian production has
always
alphabetical
alphabetical
not
to arrange companies in exact
However, they are always as near
as possible.
oper.
1944
(The) Magnavox Co. of Fort Wayne, Inc.
163, p. 1569.
NOTE—-For
.
ry.
—V.
1—
railway
railway
from
1945
$15,423,539 $17,627,293 $18,089,941 $18,351,40^
1,181,758
6,283,061
6,822,027
8,482,695
414,659
2,060,325
2,079,443
2,362,379
from
Net
Pacific Finance
Pacific
.
railway
railway.^
oper. income
From Jan.
merged and are now
ground handling equipment
1946
>
from
from
Net ry.
been
continued its
215,682
227,049
3,156,800
gressed far
!
prd-
more
rapidly than expected, considering price
tion difficulties throughout the,
industry.,
i
■ *
statement
of
the
company's
current
and
i, +,
follows:
,
T
A
a ^:
position
produc¬
.
- In
'
the
production of
Total
—V.
$13,819,338 $13,175,245
163,
1975.
are
Corp.—Earnings—
1946
the
City Bank Farmers Trust Co.,
N. Y.—V. 163, p. 2294.
trustee,
22 William St.,
5,860,133
796,118
New York,
cost
The
$8
Dec.
has
At
since
preferred
stock
•
;
there
reduced.
163,
at
$115
Total
share, plus accrued divi¬
shares outstanding which
per
1,237
were
$910,978
128,326
Dividend
amount
arrears
to
$119
over
income
$1,909,550
for
taxes
Provision
for
Federal
Prov.
a
for
other inc.
charges
counts
669,981
Firm orders from dealers for their next four months'
far in excess of any former year's total business.
The company still has a sizable amount of business in
are
completion
(other
taxes
(incl.
and
than
income
413,361
225,489
105,566
Maine Central RR.Period End. Mar. 31—
ac¬
158,633
227,318
contingencies)
Operating revenues
Operating expenses
Kroger Co.—Current Sales Up 20%—
Period End. Apr. 20—
$
Sales
number
average
ended
April
20,
1943,
of
2,702,
was
period last year.—V. 163,
$
$
in
stores
Net
$
operation
during
of
the
American
South
$0.44
subsidiary
companies
Net
operating
Equipment
Joint
fac.
Net
Other
COMPARATIVE
March—
Gross
1946
from
Net
from
Net
ry.
railway
railway
From Jan.
Gross
$80,144
$53,121
"54,929
"25,310
"62,837
"39,514
"79,687
"105,616
135,826
160,821
132,188
$33,356
107,408
purchased
Selling
and
and
163,
"178,005
"150,983
"195,715
—
"236,767
"195,379
"249,349
have
payable in June.
in
*_
voted
to
defer
action
the
on
dividend
the company made payments of
defer
to
the
on
general
for
depreciation and depletion
Provision
dividend.—V.
163, p.
Prov.
739,858
1569.
and
for
profit
.1946'
Three Months Ended March 31—
.
Net
income before
applicable
prov.
normal
income
,c^r$nt
5,183
interest
6%
7%
income
participating preferred dividends
prior preferred dividends__—
Common
Earnings
dividends
tuu.
taxes
10,773
per
on
.
;
.,
i
(dom. and for.)..
333,988
$2,774,138
S.--Treasury
share_l^_'_^j._x_—____
common
$1.59
excess
ceired in
$54,769
10,949 .'.i'(Notes and
8,101
'7,500
obligations,
in
from
January,
accounts-
•'•if®
'
-.f.&£i
oper.
"$26,948
$262,153
$313,829
159,930
$495^95
29,912
$473,759
$611,305
29,514 ^
income-
Fuhds
fo*
•:
■«'
r
■
00*r/^.
BALANCE
int.,
etc,
«•
$15,076
131,221
income
•
m.r
iUrt
.'<t;
.
Total
$2.17
SHEET,
DEC.
<
v
138,869
"
$4,476,599
2,522,070
116,010
410,946
419.285
$62,813
-
$153,196
$192,020
''*$■£
Jflpil
;
liab,,
4,133,844
Ended
March
1946.-.^.
592,242
receivable,
•
etc—
•—_____—...'
*
_1__
special purposes..^... L.ii.1.
222
adjustments of Federal inc. .taxes—
"
.,
•ntnffc
J, 1946
t'Jit* 1945' '"■>
taxes.—V.
136,
-
466.
p.
Co.—Arranges Bank Loan—
to
The company states that the new loan agreement carries no restric¬
on payment of dividends
except it agrees to maintain net cur-
tions
$3,000,000-compared with $3,600,00a under the
A letter to stockholders reports that the
company
has
a
backlog of
■
approximately $12,000,000.
Effective
2,086,628
6,891,206
.1099,612
2,501,001
7,287,338
1,132.448
4,0K>,787'
433,000
2,944,"368
•
877,242
chines and
prices
of
April
the
11
repair parts
October,
1941,
and
t$:^tt!^b«ide4?sdHw
material; costs."
'
states selling prices of most ma¬
increased an additional 5% on the base
company
were
adds
"effort
continues
to
be
made
to
;iabor and
T *
"
The company reported
net loss of $323,160 for -.the.-.first quarter—
24,219,327 ;
138,20#^r-185,(933 t'/befete giving consideration .to any possible recovery from carrybacks—
against a;net profit of $53,572 a year ago* andrcalled attent'onrjto the
-■effects .of the .steel- strike during that periodj-iV., 163,, p>r-18.68.
•••
$50,987;330 '$49,173^51
.
r
"
.
-
yimv-i&wt.
>
loan being paid off.
23,753,797
_______
*IK..
(& Subs)-
31—
-
vent assets-of at Jeaat
other
investments
2159.-
$l,000,000-ioan-will be paid off,»the company, said;
4,233,844
r
p.
company has; arranged a $2,000,000 long-term bank loan at
2%% interest to- provide funds for plant and equipment;
rehabilitation
and
to
reduce
manufacturing
costs.The
present
$4,050,523
2,484,874
tax
•
The
l,/2%
31
aso.utT.'
'
$1*219,1499
501,003
150,596
72,215
,
$292,065
:
"$116,145
Marion Power Shovel
1944
-v*#
v."
.
deficit, it was pointed out, is the result of the wage increase
employees which in the first quarter of 1946, an official of
road said, has cost the Maine Central
$463,000, all of which is
income
1,660,045
"
$1.19
-cash surrender value of. life insurance# $17,446;- investment in-stock of
■jfcfc.
-«r.M
92,317
(Dr.)__
273,773
profit
< $830,111
$530,338
•After the setting up of Usual reserves and providing for estimated
deposit in banks:
than
tax
at cost
profits -tax postwar credits, re-
cash
8,212 ^"Inventories
7.500
Miscellaneous
•
CONSOLIDATED
on
,,
'
25,833
42,024
rents
"Net
$2,055,256
$2.92
1945
'.
CONSOLIDATED BALANCE •S.HEET,;MARCH
I ~ ■; (- •Fixed assets
?;ASSETS^Cash, $223J»39; 7instalmeAt^ nbies^ -demahd nbtei'ahd other f Deferred charge's
receivable (after reserves of $146,730), $2,245,220:
•ji-v
$1,146,975
462,204
278,625
297,297
miscellaneous loans
i.siih
76,220
income
Quarter
1,130,000
year
hand and
Estimated
i
$637,979
109,812
Marine Bancorporation
17,801
1,330,000
and
share
series'motes deducted
4,247
10,888
.
———-——_
the
479,146
surtax..
tax
Iii ^the United States
-.THIn Cuba and South America...—
'^$59,016
^
$66,703
390,204
ASSETS—
•Cash
Federbl
Net
$210,276
97,898
838,987
2,134,343
for
per
COMPARATIVE
^^$945
*23#9f W85'540
/.L^o|m^26524
—-co¬
for minority interest
to minority
Earnings
$5,347,183
4,128,074
(Dr.)_
included in the March statement.—V. 163,
1,904,374
...
Federal
for other
Net
(& Subs.)—Quarterly Report—
Operating income
operating expenses
(incl.
prov.
for
year's Federal taxes on income).—
426,575
1,824,844
taxes
Dividends paid
Lincoln Service Corp.
Income
$6,722,861
charges (incl. prov. for doubtful
contingencies)
Net foreign exch. adjustment for realized losses
accounts
10 cents
1946—3 Mos.—1945
$5,717,864 <
4,570,889
granted
Miscellaneous
normally
December.
action
for
Provision
An official explained that while the company is "financially in good
shape" at the present time it nevertheless seemed advisable to" direc¬
tors
—
"Deficit.
$6,296,286
$7,403,805
income
Total
Last year
and
June
Net
•272,556
Lakey Foundry & Machine Co.—Omits Dividend—
each
ry.
Rentals,
18,883,894
2,785,833
21,150,778
$6,367,401
536,404
Provision
directors
-Earnings
Gross income
1944
3,074,773
expense.;.
—
Miscellaneous
1730.
p.
being produced
The
Balance
"223,714
are
cost of
and
sold
administrative
plant for
incompleted
c«5>
$31,092,952 $27,966,013
shipping costs
orders
rev.___
rents
ACCOUNT
1945
31—
cement
Navy
"-;%• 1 '
«
railway
Net from railway
Net ry. oper. income
The
INCOME
...
Manufacturing
1—
from
"Deficit.—V.
Dec.
Sales
"89,646
"70,618
$49,084
income—
oper.
Year Ended
1943
1944
1945
CONSOLIDATED
the
1946—Month—1945
$2,025,950
$2,006,450
1,815,674
1,368,471
Taxes
included
are
Lake Superior & Ishpeming RR.—Earnings—
total,
$420,266
$1.03
948,597 shs. outstdg
on
figured at the average exchange rates, except as to the
provision for depreciation and depletion which is based on the dollar
value of fixed assets at the time of acquisition.
The Cuban results
are figured
at the par of one Cuban peso equals one U. S. dollar.
1836.
p.
$972,976
results
above
four weeks
in the same
the
2,840
with
compared
profit
profit per shr.
The
33,083,153 158,248,444 133,847,246
39,544,835
The
Net
1946—16 Wks.—1945
1946—4 Wks.—1945
In
dollars,.
60,105
for.).
for doubtful
Navy.
requirements
its
174,811
income).
taxes
(domestic and
provision
the
Capacitors, speakers and other component parts
at a high rate.—V. 162, p. 2944.-
$1,039,304
190,329
for
amount to several million
'•
Provision
2294.
p.
-a
v
Misc.
1945
31,
been
share.—V.
.
has called for redemption May 31 all the outstanding
company
464,177
_
;;a.:
.
its
of
Miscellaneous income
(G. R.) Kinney Co., Inc.—$8 Preferred Stock Called—
dends.
4,502,024
450,364
159,567
and
costs
Selling and administrative expense
Provision for depreciation and depletion.
Operating -profit
cumulative
$6,547,160
$1,749,983
Manufacturing and shipping
purchased cement sold
mortgage bonds, 3Va% series of 1975, due Aug. 1,
ready for delivery in exchange for temporary bonds at
radio-phonographs for the consumer market, the com¬
is in the favorable, position of manufacturing many of its own
principal components.
Another favorable factor lies in the fact that
radio-phonographs are distributed to consumers through a selected
group of highest quality retailers in principal cities
throughout the
country, and consequently all retailers have already received
significant
shipments of merchandise.
;
1945
$8,856,598
first
now
pany
Quarter Ended March 31—
Kings County Lighting Co.—Definitive Bonds—
Definitive
Star Cement
Lone
653.
p.
•!?
■
'
Railway oper. income
Equip, rents—net debit.
routes.
developing a complete line
and tools for all types of aircraft.
373,126
(net)
profits
"108.573
the
These
$323,979
281,086
•
undivided
1,281,451
"297,786
1946—Month—1945
exps.
.
Other
according to Mr. Gross, amounts to two
has been flight tested and production line de¬
continue
were
report
cluded.—V.
furnace
stock
Surplus
1,613,176
•401,663
*'
9,088,957
1,337,717
regional air liner, although prototypes of both ships
completion. First flight date for the Saturn was reported
spring and the Constitution also is scheduled to fly this
late
for
engaged
25,879
20,470
rebuilding and conting...
(757,632 shares no par)
■
-•;!;
9,725,118.
with
to
details
reported.
453,029
payable
Federal taxes payable
92,241
9,837,689
$1,089,299
.revs.. <;
operations
Federal incomO taxes...
$13,819,338 $13,175,245
liabilities
619,600
if
(t
.
•Net rev. from railway
LIABILITIES—
Accounts
Accrued
railway
railway
Period End. Mar. 31—
been engaged in the
de¬
turbine engine of exceedingly
being tested and a licensing
agreement has been entered into by Lockheed and Menasco Manu¬
facturing Co. for eventual production of this engine.
Organization of the Airquipment Co. and acquisition of the total
capital stock of Pacific Engineering Corp., at a cost of $155,000 was
6,087,875
7,775
etc
„
from
ex¬
and
493,998.
"124,782
<*'<:'
Louisiana & Arkansas Ry.—Earnings—
do
com¬
P-80,
velopment of an advanced type of
high horsepower.
This engine is
578,711
5,936,369
6,827
etc
and
nearing
set
67,136
578,711
premium
trademarks, tradenames,
airlines.
day. The P2V
is scheduled to
The
103,173
deposits
Mid-States Steel & Wire Co. (42,000 shares)..
National Lock Co. (12,106 shares)
Net plant and equipment
It
that
passenger Saturn
$1,317,695
2,365
1,204,436
2,678,585
309,184
442,570
..
receivable
definite
a
No
1945
$2,217,198
in banks
time.
fact
•96,024
586,632
$3,210,578
year.
1946
hand and
on
ships
livery
SHEET, MARCH 31
ASSETS—
Cash
three
liveries
$1.48
<
this
the
that
Production
$1,123,945
$0.69
BALANCE
the
to
continental
$3,525,936
2,401,990
$336,492
for
»809,273
1943.'*
$3,451,587
a
to
3,334,862
191,073
$528,901
—
1946—9 Mos.—1945
$1,190,981
$1,172,846
643,945
about
1944
,
'■!#
•
1945
$3,400,074
income...
oper.
'
.
$3,480,637
"74,145
9,979,942
Net from
1,209,135
Net ry. oper. income
j : "869,738
•Deficit.—V. 163, p. 1866.
time until a later
meeting can be held following, the issuance
complete financial statement for the year.
The report disclosed a backlog of commercial orders
amounting to
$55,430,000 for four-engine Constellation transports yet to be de¬
livered. Military orders for $144,309,000 call for
production of P-80
Shooting Star fighters, P2V Neptune Navy patrol bombers and two
long-range Constitution transports now being built for the Navy.
Since the delivery of the first commercial version of the Constellation
last fall, Mr. Gross
said, 37 airplanes of this type have been delivered
will
159,
2,749,204
73,124
at
n
512,001
12,198,348
$50,907,330 $49,-173,557s
1946
from
Gross
Large Backlog—
meeting of shareholders, Mr. Gross announced, will be
required by company by-laws on May 7 but will be adjourned
at
1,178,249
12,731
24,764
Fed.
80,621
'
railway
Net from railway.—
annual
as
of
$5,553,092 $14,710,098 $16,215,531
1,148,081
income
Profit
~
1946—3 Mos.—1945
$5,350,923
80,096
Gross
Net ry.
but
year
effect
held
Keystone Steel & Wire Co.—Earnings—
Period End. Mar. 31—
Sales
64,798
394,720
91,937
that this will be accomplished in the next few weeks
audited figures for 1945 will follow
shortly thereafter.
1555.
p.
363,103
•
554,669
12.969,857-
—
—
pected
assets and business of
I.,
which manufactures
the
cash
361,004
-
reserves.for
Long Bland RR.—Earnings—
1866.
p.
year
this
gave
of
Ltd.,
*
for
190,222
accordance
of
March—
panies, the settlement of its terminated war contracts has not been
completed and the company did not want to issue figures unless they
Kellogg Switchboard & Supply Co.—Acquisition—
company
41,602
832,910
income
oper.
163,
The
The
27,850
892,082
A backlog of unfilled orders for
military and commercial airplanes
amounting to $199,739,000 was reported April 30 by Robert E. Gross,
an interim report to shareholders.
In the past it has been possible to issue audited
figures for the
so
the
or
33,907
907,553
President, in
$0.25
1946
for
and
include
figures do not
Kayser
(Aust.)
Pty;,
England.—V. 163, p. 781.
Julius
19,621
659,929
Lockheed Aircraft Corp.—Has
$183,710
$0.29
$24,521
1943
185,500
railway
railway
944,363
32,246,537
depreciation and depletion and.other property
$49,205,281 in
1945
and
$47,631,644
in
1944.
tAfter*
reserves against slow and doubtful items of
$90,118 in 1945 and $91,284
to 1944.
^Represented by 948,597 shares.—V. 163, p. 1160.
rts.
V. AO J,
1JLOU.
:
$348,503
132,204
in
—-
From Jan. 1—
124,240
$511,790
present capitalization.
business
ry.
—V.
169,756
69,000
$213,994
Government
1944
$310,646
from
from
Net
surtax
Net income
tEarned per share
of
Net
1945 ;
173,010
accumulated
laws
surplus
•After
$368,409
....
America
local
Earned
reserves
59,086
ry. oper. income
From Jan. 1—
Gross
62,300
24,700
for
1946
railway
railway
Net
33
Provision
76,268
792,828
1,114,862
With
per
$243,491
from
from
"
payable
$1,288,343
60,512
taxes
1945,
Net
$600,551
50,749
operating income—
Interest
Depreciation
State
Gross
$5,423,257
4,869,662
$4,534,941
adm.
profit
income
Total
1945
1946
75,226
&
4,054,703
$480,238
sales, selling
Gross
Other
March—
2441
$1,449,807
Co.—Earnings—
&
•1'•,:,>t'''V'
134,504
Federal, State and local taxes (U. S. and for.)
«1,310,053
Reserves for contingencies and deferred liabs.v
^1,305,110
Insurance reserves
1,016,787
tCommon stock (no par value)
32,246,537
Surplus reserves of subsidiary companies in
;> South
value per share, $447,900;
par value per share, $725,850;
share, $30,000; capital surplus,
$16,285; earned surplus, $249,091; total,, $2,710,638.—V.
162, p. 3075.
of
.''''''t','■'
.
,
Lehigh & Hudson River Ry.—Earnings-
Cost
Accounts
participating preferred stock of $25
stock
I
Accrued '-payroll
prior*preferred capital Stock bf $50'par
common
>U
'|v^ >,:i''^,>
r LIABILITIES—1
,
LIABILITIES—Notes payable (unsecured), $1,095,000; accounts
pay*
able, $9,012; taxes payable and accrued (other than Federal taxes on
income), $11,120; Federal income taxes payable
(1945),
$74,715;
909,418
Kayser
-r
<232,625
102,926
1730.
p.
•%t
$396,374
$355,767
193,663
82,610
224,133
Prom Jan. 1—
—V.
a
t-itit
Manufacturers Credit Corp.
(at cost), $25,000; furniture, fixtures
and s equipment, at cost (after reserve for depreciation of
$30,607),.
$21,401;- goodwill, $65,807; deferred charges, $118,225; total, $2,716,638.
;
41,556
from railway
Net from railway-:
Net ry. oper. income...
n
1944
V
100,991
Gross
t
$409,232
$310,625
income
oper.
i
1945
,1946
railway.&
n rn rnT~\
THE COMMERCIAL & FINANCIAL' CHRONICLE
Hiimfcer 4487
March—>r -'.;
Cross from rauvm#Lll:. *
*~\
v
'i*
i&st-M:■*<.>
„,a
1
THE COMMERCIAL &
^ Mrrali
?
*"' Midland
Annual Report-
(& Subs.)
ror»
X
1943*
1944
1945
March-
FINANCIAL CHRONICLE
Valley ER.~Earnings—^
"*
* 1946
1945
nrAito^^oro
oth° than
"K "
T.v«
l
26,419
14,954
269-076
467,899
249,757
350,361
357.673
420,588
168,505
-~r-
$4,822,557
-
-
$6,904,465
$6,231,832
(new
4,488
33.145
21.040
$6 908 953
$6,264,976
$4,343,597
profit
income
H
,
$6,908,953
Fpri"~'state
fp_
*7
$
I vl
I>.X"
Proffor
*
and"foreign'
taxes
4,576,294
4,058,193
3 01.5 9,3
206.000
-
need
& post-war
.
1
[
L!',',
for
income
Net
year
1,0
Dividends
f Net-income
Cash
1945
oh hand
|
o^qon
4,491,4^
1906,213
1,583,079
i:m«»
msmm
pA1!!®un'd
'f
c
MnL
m
'
m
other
receivable
account
from
inr
-
assets.—Ill—I—II—-
177,975
and
Prepaid
Property and
!
Total
237,824
3,277,487
8,365,931
"
—
for
liabiPtv
Fst
profits
excess
Fed"~&
taxes'
5,347,171
foreign
fe-
-7
l|:i
5,385,665
209,196
-——261,496
*
p>V"
{
<
5"
1
«»/»♦
Total
&V- *■'
*
'
-
_
♦To
which
-7'*-,^.
WW043,1s^.ooo.oou
'
f^
rtll
•
"■c
Charles
•
1
■
t§
Nefc yy
served
Operating Offices—
Net
announces the appointment of Wallace
Rapids, Mich., as General Manager. Mr. Pardoe
Sinclair Oil Co., Asiatic Petroleum Co., and
i
»
I"
Oil
c
Oh'arles
Wight,
A.
of
Vice-President
2,009,270
"936,803
*16,411
1,507,519
income
163
the Bankers'
otmcd U. S. and Canadian subs.)
-t;
1946
1945
H
$6,879,918. $6,117,961
5,435,260
484,459
■——
930,616
597,928
.,6,965
.
and
i
j
in
a
J
chain
of
——-
,7^
.
March
the stockholders
amendment
.
the
on
adopted an
to
certificate, of 26, 1946,
incorporation creating a class of preference stock in the
-
authorized amount of 500,000 shares and increasing the number of
- authorized shares of common stock from 1,725,000 shares to 2,000,000
shares.
On April 4, 1946, the directors established a first series of
Series A,
preference stock designated as cumulative preference stock
- and consisting of 316,967 shares.
-MShSTTT™i.
l^hrM..'1 which'
•
j
tifiq67sh«!
—
The Chase National Bank of the City of New York has been ap-
.
'
'
•s.ooV.MOshs.
common:stock.
524
^
,
,
purchased certain of the assets
company
(no* oar)
4
Outstanding
'—pointed registrar of the cumulative preference stock, series A.-
of, and took over the pole and treating business theretofore operated
by, National Pole & Treating Co. National Pole & Treating Co. has
since been dissolved and its assets are now in process of being distributed to its stockholders.
" ' ' '
.
- The company has instituted proceedings to effect the redemption
plywood
started early'in
——..
Conso da ed30, 1946, the
ne income
March
; opened shortly
in a new 20,000-foot building
K-V. S;-Mengel Plywoods, Inc., a company jointly
5'£l» program',- -which
^
$495,319
.
Authorized
Boo.noo shs
"211,311 shares are reserved for issuance upon conversion of prefer$293,915 ' ence stock, Series A.
r
-
On
.
distributing warehouses will be
in St, Louis, Mo., by
owned by the Men gel
fi- Co. and United States Plywood "Corp., L. B, Olmsted, Vice-President
and- General Manager,
announced on April 30.
Operations are exsixth
The
on
capitalization giving effect to present financing
Preferenfie stock
i
$3.26 div. cumul. pref. stock, Series
(
sSS
income mortgage bonds purchased—.
Balance
Qajn
in the chemfcal-industry.
"
stio?
■
.
IO Onpn New Wnrphnusp
upen i\ew warenouse
.
$o/-i)3iw
income
;
(fTliP> Mene-<»1 f!o
Vine/ mengei GO.
r\>
Total
Dr53,23$
—
ag^Srmr.nWS'fetVW.::
163, pp. 654
_
5,035,57.4
514,042
Net profit on operations
Other income (net)
'
Trust Co.,
110,000 shares of Series C outstanding, together in each case with
the amount ^of any accrued and unpaid dividends thereon.
The balance of the net proceeds will be added to the cash
funds of the company and may be used, among other things, for
^penditurea ter capltal .additions, replacements and improyemenw
to plants, processes and facilities for the manufacture of new prod. «cts ^pd to. meet increased demands for old products and to provide
processes'and equipment which are-normal
2010
»
—
elected directors.—V.
Aeronautics,, have been
ISilliRlfc;! iiiiii
STIIBlSJSSmTShS bSes/'
wiU reduce "s Iunded debt ,0 $3,000'000-
f
,
rnmr)anv'«nd i'tq
Ga.; New
Atlanta,
Ky.; Jacksonville,-Fla.;
Louisville.
located in
T-,,' are
.Minneapolis & St. Louis Ry.-Earnings-
:
-^ Orleans. La., and Houston, Texas.—V, 163, p. 2295.
J'i
Mjniiifa^nriniy Pn"
T icfintf
|^flieiiasco Manufacturing t/O.—LlStmg—
-/of the market
on
April 29
shares of $1
the 925,000 outstanding
stock of this company.—V. "163, p. 2159.
common capital
'/
f.
m
,
.
5
-
-
;Operi exps. and deprec.
ps
-
"
,
...imiM
'
; $297,641
"
1
L
Th.
N
V —."RpHqtprcs
a
" h'
registration state-
.
G^Hrom Allway.,-
"
Net from-railway
Net
ment for 100,000 shares of common stock (par $1); also 60,000 addi-
I
tlonal shares of
-
which
50,000 are
reserved for issuance upon
163
•
exercise
warrants, and 10,000 shares for issuance upon exercise of options
,';r granted to George Markelson and Irving Isaacs,
Underwriters are :
Bur.t & Co., and Reynolds & Co. TFunds from sale of 100,000 shares
?f £?mnion will be added to general funds and used to replace work'(4capital expended to redeem class A and B first preferred stock;
oaUinee will, be used to increase merchandise /inventories; iinahce
iflstaiment sales and, if conditions permit, establish additional stores
in metropolitan New York.
••
,
Mid-Contment Airlines, Inc.—Operating Statistics—
m y
Month of
^^^^1946 s'i
Operating efficiency
s
Capacity
..
Revenue
.
Passenger
Revenue
Mail and
.
load
-
miies
-
7,009,853
>
i
nounced.—V.
'6310%
17,626
186,886
60,823,712
r
56,387;627
372,575
pounds
pound miles
*
2 534 411
236,116
flown
163,
p.
2010.
^
9 749
188694
*.
*
L
,
.
;
..
-
".'
>!.■*.,
'•
558,614
chloramine, guaiacol and cocoa butter;
432,485
184,140
211,036'
94 805
179,305
80,794
•
—
isfet rVvOber. income—
,
From Jan. 1
463,261
"13,510
railway.
"Deficit
V
163
n
700,415.
125.048'
•
12,606
*53,667
1868
Deficit.—V. 163, p, 1868.
PR
Mfccmit.;
iTot.nlviae
MiSSOUri Illinois RR.—'Eai llingS—.
1946
,
Net from railway——
Net ry- °her' income—
1945
$268,637'
71,736
March—
Gross from railway-*—
$366,477
157,090
29,631
41,410
717,439
246,513
115,743
Gross-from railway,!—
Net from railway.—
Net ry..oper. income!—
—V. 163, p.
1731.
-
Plasticizers and solvents: Dibutyl phthalate, diethyl phthalate,
' dimethyl phthalate, phthalic anhydride, inaiefc anhydride, tricresyl
..phosphate, triphenyl phosphate,, ethyH^feu^i^tl^;PhthaM
^
' glycOlate- and special resins. .. . " .
•
V '
AlfSSo V ^^SS^kS
Rubber chemicals: Acce.erators, anti-oxidants, thlurad, thiofide
171,875
143,444
ai)d thiotax. . /
"
' ,\\
57,355 ; ;/ .46,619
Chemicals,:,43resyl cs, pure cresols; and creosote oil, which
'■'■■■■'/ "' / * •% ''
:
Ihb Cpmjiany 5 British subsidiary, but not by- the
vxQdinpany or'its consolidated subsidiaries.
.
r. . , •*
/
/ >' ./-tr Miscellaneous prbductsu Calcium carbide, chlorinated diphenyls,
lacquers, Santocel, alcohols, abrasives, inhibitors, lampblack, -wet1944
1943
'ting agents, detergents, antiseptics, germicides, insecticides, dry ice,
$256,512
$257,507 '
tanning agents, chemicals for the oil, textile and mining; industries
99,651
117,588 . ♦
;»nd soybean. Casein and resin glues for.the plywood industry. < \
35,603
36,910
The products manufactured by the company and its domestic subi
\
'
sidiaries are sold to many different industries. In 1945 the rubber
769,028 - 755,580
industry, was the company's largest domestic customer and accounted
316,388 ^ ^ 350,123 - for approximately 8.6% of the net dollar-sales of the company and its
108,590
97.695 • domestic subsidiaries. Products sold to the rubber industry include
$208,338
57,737
64,512
827,415
v
376,010
"
111,058
<
.
r
,
,
.
.
...
-
24,4IT/^r"h 19,126
,
Gross from railway
>
and ferro phosphorus. >.r ;
Plastics: Cellulose acetate, and. nitrate plastic sheets,, rods, aha
tubes; cellulose acetate, polystyrene and phenolic molding materials:
butyral compositions, interiayer for safety glass, Resimine ahd
thalid resins.
* •••T'":''
;
^
* j .
-
$223,317 -
$218,836 "
19,105
*1L60&
..
dium pyrophosphate,
1943
1944
1945
1946
$182,999
*18,114
*8,214
-
mdno-di-and tricalciun]1disodium phosphate, sodium metaphosphate
phosphate, trisodjum^phosphate, tetraso-
.
„
From Jan. 1—
-
89,507
Missouri & Arkansas Ky.—Earnings-—
March—
V!!'■■■''■'
■!'"
,
26,549
92,972
511,475
„
.
Gross from railway.:—
Net frbm railway-
■
.
.
.
Net ry: oper. income—
Nejt profit after Income taxes.
$24,656
$2,334
*°Pf5- ng reyenue for March °f 1946 was $366,781, an increase f
of
3^^. compared with March of 1945, J. W. Miller, President, an-.
•
.
•
1945
5 553 093
_
.
_
Net from
^82%-
4 016190
'79.22%
—.
passengers carried
Mail"and express
Revenue
*
factor
express
'
95.79^
miles flown
passenger miles flown
passenger
42,377
83,344
22 325
"
;
Phosphorus and phosphoric acid compounds; phosphorus, phos^
-PhbrhKacid, ammonium7 Ihosphates;. sod^m-racid pyr^^
..
1943
$151,640
1868
o
'
Of
.x
.
1944
$214,890
379,812
income
oper
rv
'
t
54,611
•
c
l?i?
29,816
5
-r.
'Intermediates; Phenol, ortho and paranitraniline, chlorbenzene,
ortho and meta and parachloraniline, diphenyl, para and orthorlitrochlorbenzene, H acid, cyclohexylaminer paraphenetidin, pentachlorphenol, ; paradichlorbenzeiie, paranitrophenol, dinitrochlorbenzene, ortho and para anisidine and thiourea.
■ •
.. -v-.j.
- .Medicinals and fine chemicals; Glycerophosphates,
acetophenetidin, acetanilid, salicylic acid, aspirin and various other salicylates,
caffeine, phenolphthalein,s sulfanilamide, sulfathiazole, saccharin,
vanillin, coumarin, sodium benzoate, benzoic acid, theobromine,
' 1'
17,687
Heavy chemicals: Sulfuric acid, nitric acid, hydrochloric ac|d,
ammonfa and sodium aluminate.
1,286,349
1,006,897 '
r-«UbWbbippi tenirdi »». lidrnuigb
March—
1946
1945
$137,036
$186,384
38,723
71,742
mon,,fQnt„,.r.
cake, sodium sulfate, sodium , sulfite, ,sedlum sulfide, sulfur dioxide,
3,599,845
440,973
j
nnffamH in
chlorsulfonic acid, acetic acid, chlorine, caustic soda; alum, nitre
1,005,534
IR68
»
are:
387,164
3,698,223
470,693
*38,335
ovp
cipal products, grouped for convenience into general classifications,
From Jan. 1—-
With
^—Registers with
Anw.»
The company on April 30 filed with the SEC
I
1943
$1,348,837
513,486
988,925
322,391
Net ry. oper. income—_
^
Bronklvn
183,929
$2,408,094 -'Gross from railway
'
. -Net from railway—
$3,537,357
V. 163, p. 1161. y
'KfMichael^ Brothers
^ 'rr^
1944
$1,205,500
315,576
qiihtcfdiaripq
and^^ef'rwldefy mmSed^Une
.
3,818,547
3,674,427
Micclocl»*i«
.i..«■.
.... uu.r
.
|i «Net earnings- -.--i—$213,259
163
"
$1,183,317 $15,623,896 $12,627,879
* 890,676
12,096;539 10,219,785
200,340
"131,886
railway
♦Deficit —V
-
$1,529,056
Ij315;797
*59,668
Net from railway
Net ry. oper. income—
'
%Wi &
[Expressed in Canadian Currency]
.
,
,
'$'•'4 Period End. Dec. 31-^- > 1945—Month—1944
1945—12 Mos.—1944
Gross earns, from oper.
from
Gross
.
"
Earnings
Mexican Liffllt & Power Co.. Ltd.
I
•.
$1,384,083
400,981
$1,284,875
Gross from railway
Net from railway
Net ry. oper. income
From Jan. 1—
par
1945
1946
March—
a
lThc New York Curb Exchange admitted to trading at the opening
7
.
7,143,025
163,918
of
cost
i^Jerome Ciarhe Hunpaker, Chairman of the National Advisory Com-
7
preferred stock,
Series A, B and C, at $110 per share with respect to the 50,000 shares
series A. outstanding; $112.50 per share with respect to the 50,000
shares of Series B outstanding and $105 per share with respect to the
4,972,366
directly or Indirectly wholly
Quarter Ended March 31—
,
.
<D $22,675,000 to be used to provide funds for the redemption on
5.584,457
...
Net sajeg
„
wi.inittee lor
PURPOSE—The proceeds which the company will receive from the
sale of the preference stock, Series A, are to be applied as follows; r •
697,758
Selling, administrative and general expense
J McGraw-Hill Publishing Co-New Directors-
E.S.T., on April 24.
Minnesota & Ontario Paper Co.—Earnings—
has been
Lawrence
of the company's new
98.5%
34,047
"463,643
rail wav
rft|jway
(£nciUding
appointed Secretary and Treasurer, sueceeding W. E. Harper, retired, effective May 10, 1946. Mr. Lawrence
Kivls also Financlai Vice-President of the corporation—V. 163, p. 2295.
T. *c*
subscribed to
876,024
k;McCrory Stores Corp.—sec. & lreas.—
v
7
}
107,579
Deficit. V. 163, p. 2010.
m
o
from
♦Deficit—'V
the last two in
Co
:
or about June 1, 1946 of the outstanding cumulative
Net ry. oper.
with
executive capacities
(
operating Offices of the company, Mr. Hale disclosed, will be trans^ ferred Jrom Mount Pleasant, Mich., to th. Michigan National Bank
Building^ Grand^Rapids, Mich,
He also revealed that as part of the
company's development plans a well has been started on a new block
for leases in Montcalm bounty, Mich.-V. 145, p. 1907.
r
*"<* Shell
;
„
1
from'
Gross
r\£t
„
453,187
363,993
297,762
"571,264
income
Q
From Jan
Hale, President,
S,
B. Pardoe of Grand
#* *-'&tth!erl#
..
169,789
1,789,282
1,011,916
"397,880
railway
from
Net
may
McCIanahan Oil Co.—Moves
•
t-.
March—
O|08gfr0m railway
1142 R0R $24 508 560
■
139,907
1,708,071
905,320
share. Convertible at the optiou of the holders prior to June 1, 1956
into Shares of common stock at a conversion price of $150 per share
cornmon stock (for this purpose the cumulative preference stock,
series A, to be taken at $100 per share); such conversion price to be
subject to adjustment in the event of certain contingencies.
OFFER TO HOLDERS OF COMMON STOCK—Company offered lo
the holders of its outstanding common stock of record April 8, the
right to subscribe for, and purchase at $101.50 per share. 316,967
shares of cumulative preference stock, Series A (no par)-on the basis
of 1 share of preference stock, Series A, for each 4 shares of common
stock held. Subscription warrants were exercisable before 3 p.m.,
Minneapolis St. Paul & Sault Ste. Mane RR.—Earnings
194G
1945
1944
$2,075,230 $1,675,522 $2,636,796
5,207,413
be charged the cost of annuities, which may be
purchased in the future based on service prior to Dec. 31, 1944, under
proposed McCaU Cprp. Retirement Plan. V. 162, p. 3075.
.
P
'
140,797
1,506,278
729,716
dividends, plus, if redeemed prior to June 1, 1949, a premium of $4.50
per Share; if redeemed thereafter but prior to June 1, 1952, a premium
0f g3 per share; and if redeemed thereafter, a premium of $1.50 per
P> aooo.
9,632,630
'
'
which also provides shares for
ln^hS!°com£flnv^total^of065°stores°under the names of
-The company ^ates ^ total of4 65 stores under the na .
Thiee Sisters, Miller-Wohl, and Del Ray misstates, v. iw,
J46.851
1.738,025
857,798
146,856
2,217.235
8-3,237
9,632,630
6,033,630
Reserve;for replace, cost of pattern discards..
Deferred credits (magazine subscriptions)......
^Reserve
—
Capital stock (522,998 shares no par
Earned surplus —,rr
-
-
and
income
Dividend payable
m-'
246,003
464,737
plan
liabilities
Accrued
$620,241
297,257
499,949
retirement
respect
356,639
Dividends, cumulative from the date of issue (expected to be April
30' 1946>. payable semi-annually on June 1 and Dec. 1. Redeemable
at 0ptj0n of company at any time in whole, or from time to time in
part, upon not less than 30 days' notice at $100 per share and accrued
the exercise of tl?e conversion privilege of the new preferred. The
amendment was filed in Delaware on May 2, and trading in the new
common stock started on the New York Curb Exchange on M_ay 3■ A registration statement was filed with the Securities and Exchange
Commission April 29 for a proposed Public offering of the new pieferred stock, the proceeds of which will be used to meet the cost of
constructing and equipping additional stores, enlarging certain exist-
to"Chase National Bank, trus-
navable
with
tee
$783,347
navable
Amounts
1943.
$626,474
preference stock, or 312,281 shares at the expiration date
for
rights on April 24. The remaining 4,686 shares
f
... .
f oifi qfi7
were sold to a «rnim
me loidi issue 01 010,yof snares were sola to a group
of underwriters.
■'
to 850,009 shares of 50-cent par value,
tta-rtttttes
Amount
company
stock. After giving effect to the split-up there will be 580,000 common
shares outstanding.
in providing forcommon stock the shareholders approved a change
the split-up, from 400,000 shares of $l-par value
the authorized
1
$26,042,808 $24,508,560
*
1944
$599,494
321,318
m
165,958
273,199
3,317,816
8,365,931
deferred charges
plant at cost (net)
Subscription lists, adv. and pattern contracts..
*■
!
8,699,272 11,883,670
Th stockholders at a special meeting held on May 1 voted to amend
the certificate of incorporation of the company to provide for a split
in the common stock on a two-for-one basis and authorization of
40,000 shares of a new 4,/2'/o $50-par cumulative convertible preferred
*
473,562
477,630
.
}?alnr
Monsanto Chemical Co.—Preference Stock Sold—As
mentioned in our issue of ApriI 29 sharehoiders of the
Authorized New Preferred—
Common Split 2-for-l
838,421
"and
In
investment
.
«*«*»* «»** «*>«*. and to add any balance„
'
excess
orofits taxes
-
•
oTFedVrVf and" foreign
,
«10
57,435
,
Gross from railway—
Net from railway
Net ry. oper. income...
—V. 163, p. 1868.
which have been leased and which the company is seeking to lease
Bank for
with Chase National
trust
2,674,881
1,814,979
871,635
368,078
From Jan. 1—
are A1Ien & Co•
Price t0 Public by amendment. The company intends to use the proceeds from sale of the preferred stock to meet
the cost of constructing and equipping additional stores on properties
gSSS*_!::::::::::::::::::::
230,770
Net 17. oper. income...
$5(J> ftnd 5q 000 shares common stock (par 50£). The common stock
is outstanding and is being sold by four stockholders.
Underwriters
1'|7..'8B2
,
» •
»
—
?i?fL^rp2fvibi/7net)
Revocable
ooo'sOO
Z^YLi
—
—
% V. 8. Treasury tax savings notes-Other U. S. Govt, securities at ccst
.
1
and postage stamps
Deposits with postmasters
[
2,470,722
1945
$585,582
304,928
1946
$623,067
March—
Net from railway
The company on April 29 filed a registration statement with the
SEC for 40,000 shares 4'/*% cumulative convertible preferred (par
,
2,119,742
42,653,368 56,819,897 57,493,614 53,105,117
9,021,715 24,483,436 24,673,434 25,523,946;
Gross from railway
*
$4 088 307
$4,
$4,533,065
—
794,379
4,672,596 8,783,362
—V. 163, p. 2160.
Monoilgahela Ry.—Earnings—
behalf
holders.
$2 25
DEC. 31
ASSETS—
!
From Jan. 1—
Gross from railway——
Net from railway
Net ry. oper. income.,.
Miller-Wohl Co., Inc.—Registers With SEC—
CONSOLIDATED BALANCE SHEET,
\m,
;V
t'-fot
m
share
per
|\v# ^
$1,695,339 *1.175.
1,054,785
from rallway
$14,545,5<1 $19,358,491 $19,825,621 $1M68,599
{Jet froim rail■—
'37.976 8,085,458 8.035,806 8,995,849
Net ry. oper. income ...
97,410 2,802,308 2,787,608 3.673,908
0f the company. Both the preferred and common shares to be marketed will be acquired by the underwriters from certain present stock-
—7~"
—
8j.84G.052
....
755,578
1943
Missouri Pacific RR.—Earnings—
March—
cle4!L1 «,10<irQ4|Qi *10o«r4coi
The dividend rate on the preferred stock, offering prices and other
underwriters will be furnished by amendment to the registration
statement.
The proposed offering does not represent new financing on
2,174,557
1,307,028
''Deficit.—V. 163, p. 1868.
ers. *
excess
-
contingT
for
453,462
'
Fed
orofits
Prov
■
$4,842,560
477,467
foreign
and
taxes
nip
$6,230,999
486,60V
nrofit
p"
I 'lyV '
2,088,352
14,838.324 22,051,264 18,657,936 19,507,628
3,324.323 7,396,511 5,893,730 6,430,394
Net ry. oper. income.—
Mileg Shoes |nCt_Registers with SEC—
33,977
in °armem cemcr
2,865,982
*45,792
Net ry. oper. income...
From Jan. 1—
Gross from railway....
Net from railway
The company, has filed with the SEC a registration statement covering the proposed issuance of 23,444 shares of cumulative preferred
stock (8100 par) and 56,267 shares of ($1 par; common stock. Wertheim & Co. and Lehman Bros, are named as the principal underwrit-
?
;V
1944
403,925
Net from railway
142,077
68,658
71,779
38,869
Net ry. oper. income—
—V. 163, p. 1731.
;'*:{•••
1945
1946
March-
Gross from railway.— $5,055,313 $7,977,183 $6,535,311 $6,903,717
27,057
406.879
153,864
J,1 ilauMation""of Investment
Llg Garment Center Capitol, In-.
:'W'
Jfi-i
I
taxes
inccome
and misc. income
int.
Divs.,
•
I
3,542
394,460
101,554
35,318
43,263
16,907
railway
From Jan. 1—
"**
Operating
'
*•
Net ry. oper. income—
Gross from railway.—
Net from railway
plan-
TOtiremont
r
P
/; S
13,588,301
Net from
$135,192
$140,483
Gross from railway.
under
contribution
co's
for
Pmv
-
380,037
410,074
—
Sn
i
14.785,128
511,434
248,210
w»
$24'jbl'B1U
..
Monday, May 6, 1946
,
Missouri-Kansas-Texas RR.~Earnings-^ j
:•
1943
$165,271
83,608
1944
$126,363
037.007
*lvja* '
331,702
V■££■■
.
««»
'•***■
16.365 993
fr!CaIendaryear»—
•
-
*
'•••
-
such products as accelerators; anti-oxidants, wetting agents, insoluble
'a
'
;
-
•
■
'.
" .%•;
.-•v.-
■
.
••
m;
.f
'
"•« '.
■
•
•
<■
-
•
:0'"
-
sulfur,
y
lampblack,
butyral' compositions, ;dibutyl
plastics
trithe
the
triphenyl phos¬
to the 'company-at cost. As. a result the com- •
and has since continued to be, the parent ol the Morris,
plan Insurance Society and of a group, of Morris Plan banks and com¬
panies. • Company, in 1931" also acquired a minority interest in many
* other
Morris Plan institutions, spme of which have since been sold,
-With the exception of the Morris Plan Insurance Society, which was
J then included on. a basis -of 12 J/a times average share earnings for
the preceding three years, the company included in its balance sheet
the Morris Plan investments acquired by-it from Industrial Finance
Corp/at net tangible asset values as of the end of the .preceding caKi
endar year,
» '
/
$
The "Morris Plan Bank" has become'a unique factor in the financial
and banking structure of the United States.
Prior to the. organiza¬
industry include
phate* dibutyl phthalate, and glycolates.
purchases
UNDERWRITERS—The
the
of
names
centage of unsubscribed stock
and
underwriters
the
per¬
purchased by each are as follows:
to be
%
*$0
Smith, Barney & Co
A.
Allyn & Co. Inc
Ames, Emerich & Co., Inc.
Arahold
and
S.
roeder,
.6310
Bleich.1577.
.—
Bacon,
Wijliam Blair
Blyth
&
Alex.
Brown
& Co—
Inc
Co.,
&
E.
Dodge
W.
Julien
J.
&
Clark
&
Collins
M.
Dain
&
.3155
Mellon
.4732
Merrill,
.7887
(Inc.)
.7887
.9465
.6310
Co.—
& Co.,
Dominick
Dominick
Co._
and
Elkins, Morris &
Equitable
Clement
&
A.
Co._:
1.5775
__
Evans
&
.3155
First
Boston
Greene
&
Hallgarten &
Harriman
lac.
Ripley-& Co.,
Hornblower
E.
The
&
.6310
.9465
Spencer Trask
.1577
Union
Securities
.9465
&
D.
Jones &
Dean
& Co., Inc
.3155
Kebbon, McCormick & Co.. .7887;
Kidder, Peabody & Co
1.8929
Kirkpatrick-Pettis Co.
.1577
Witter
&
Yarnall
MQIISANTO
INCOME
CHEMICAL
AND
Customers
"British
of
CALENDAR
SUBSIDIARY
and Australian subsidiary
1945
sub.
:
co.
Selling,
prof.
-
Income
normal
Federal
excess
State
.31,191
29,825
49,259
$342,628
$400,109
to
of equity
dividend
annual
requirement
tax
G.
H.
-
H.
Walker
M.
Byllesby and Co.,
Co
&
Foreign
income
& Co.—
3*000
3,000
Hurry
Clement A. Evans & Co.,
Scherck, Richter Co.^__
3,000
Stroud
.
The
Torrey
First Trust
2,500
2,500
2,000
2,000
Butcher
2,598,000
50,000
Co.—
Sherrerd
545,980
,
—V.
1&3,
—
5
18,433
$4,913,627
$5,229,058
69,260
43,721
47,787
$4,869,905
$5,181,270
mon
stock
May
27,. 1946, .of the 480,497 shares of common, in the ratio of one
for each five shares then heled.
Proceeds from sale of deben¬
will be used to retire $30,000,000 3lA%
debentures called for*
ters with SEC—
filed with the SEC a registration statement
debentures and 96,099 shares of, common
Bonds will be offered at competitive bidding. Offer¬
CONSOLIDATED
-
,
890,000
BALANCE
890,000
*
890,000
2,852,547
dividends
2,826,139
2,793,812
SHEET, DECEMBER 31,
tures
1945
($100 par).
mis.
assets,
$2,920,169;
,3
LIABILITIES—Accounts payable, $3,878,696;
due
subsidiary
$428,066; wages,
panies, $34,132; notes payable to foreign banks,
missions, etc., $388,672; taxes payable and accrued,
*
Gross from
Net
Net
— —
$237,295
$253,185
'71,616
85,807
56,373
railway
ry. oper. income.—
^51,097
*60,879
'
'63,147
698,986
699 405
'
From Jan.
Gross
•"
1—
railway
Net from railway
Net ry. oper. income—_
—v. 163, p. 1721.
t
718,709
174.811
— —
.
150,447
;
'
623,203
150,145
.
*
274,669
160,802
quired by Van Norman Co.—See
V* i63, p. 1731.
i'"- "'.'
.
.
•
stock
HISTORY
Feb.
&
..x&joidi Mi*
108,275
16,100
1939
613,603
30,503
5,231
39,265
25,272
597,897
29,470
4,627
14,713
2,273
12;440
14,195
1,906
holders at
in
Virginia
Mr.
18,
preferred
an
Weld
consideration
for
the
transfer
of
"The
Morris Plan" good will, trademark and similar rights including
privilege oL enfranchising and organizing Morris Plan banks and
companies and furnishing Morris Plan banks and companies with
auditing, advertising, advisory/ rediscoimting and other services, to
which the functions of the company were limited, until Sept., 1931.
In September, 1931, Industrial Finance Corp. transferred all of its
name
the
'
PRESENT
TO
*
"
'
.
„
12,289
Outstanding
3,180 shs.
300,000shs.
50,000
stock ($1 par)—
stock purchase warrants
eight shares sold.
In
addition
.
tu the
foregoing,-the
has
company
made the credit
company
borrowed
during
the
months of
January
receivables therefrom, to
for such business, |to
inventory
to
|||
...
March, y
through
1946/ the* average daily amount of about $900,000.
PURTOSE—The net proceeds to the company are to be applied to
increase the net working capital, In order to permit it to build up an
•
>£&
-
arrangements pursuant to which it may borrow up to $3,500,000 for a
period ending June 30, 1947.
Pursuant to said loan agreement the
<
*
ureoaration
for civilian business,
advertising expenses in
purchase. new < machinery
carry
<
UNDERWRITER—Bond
National
Department
Stores
Corp.—To
Reclassify
_
a
adjournment of this meeting^
;/
,/
*:!
told the meeting that one of the offers was based
.
National Distillers Products Corp. (&
also
production of Nashua branded goods, maintaining the same
and general operating policies.
.Controlling interest, in Nashua .was acquired last December by Tex¬
tron.
Since that., time, sqid Mr, Weld, stringent-government set-aside
and loom freeze orders on the type of Cloth: produced by Nashua, plus
a
shortage of-raw-materials, such -as rayon staple and wool tops,
have made it impossible for Textron, to obtain the fabrics it needs for
of
reclassification of each outstanding share
of common stock/without par value,
into lVst shares of common
stock, par value $5 per share.
The dollar amount of capital with respect to the outstanding shares
of common is not to be affected—V. 163, p. 196.
This would provide for the
or,
the
directors are recommending the submission to stockholders
proposed amendment to the certificate of incorporation.
Tim
;
,
,
,
'M><i ooo
FINANCING
'
*3,180 shs.
1250,000shs.
Common
$50,000
^Entitled to $3.60 per share cumulative annual dividend,
tIncludes:
200,000 shares of common stock ($1 par) issued in exchange for 2,000
shares of eomnmn stock (*K*^ parOf the 20O,OOO shares, 150,000 are
now being offered by selling stockholders and 50,000 shares are being
offered by the company.
tAssumes that all of the 200,000 shares now
offered are sold and that the underwriter accordingly earns the right ?
to
purchase 25,000 warrants at the rate of one warrant for each -
Weld, of Boston, Mass., President
with
in
EFFECT
GIVING
Authorized
Common
at a meeting on
sale of the company'^
an adjourned meeting
Finance
parent,
560,705
465,099
CAPITALIZATION,
stockholders,
upon a plan to organize «a company f that would be .puWicly financed
and would operate substantially the same properties now connected
former
—'
-
defray
1925, with a. capital^ of $1,000,000 represented by 30,000 shares
of common stock (no par), all of which were then issued to Industrial
Corp.,
•
1936
A. Baum, for- 1
in addition to
office of Presi-
wholly-owned subsidiary of Textron Incorpo,
,
'•»
/
controls 95of Nashua s common stock,
propositions or offers for the purchase of all of the company's assets
quite naturally are being made to.Textron and accordingly Textron is
examining these offers carefully in the light of insuring future operations of Nashua and will submit them for consideration of the stock¬
Textron -owns
,
incorporated
second
.
24,843
on:Sale of Assets Postponed
set, for May 14 at 2 p.m.
decision ;came after J. Linzee
"Since
,
was
and
o| Textron Mills/Inc., a
rated,' told stockholders:
purchase warrants attached,
-BUSINESS—Company
common
282,800
including
Y.—To Segregate
"has been made President and Treasurer
Edgar
merly Chairman of the board of A. I; Namm & Son,
becoming Vice-President of Namm's, Inc.; assumes the
dent of the Arebec Corp.—V*. ■ 160, p. 2759.
-
,
55,365
Son.
The
headed by Rastman, Billon
Co. on May 2 offered 100,000 shares $2;25 dividend "cu¬
mulative preferred stock, Series. A ($1 par> with noncommon
405,000
190,677
meeting held on April 30 approved a segrega¬
the operating assets of the corporation.
30, took ; no action with regard to the
assets.; * The whole matter was postponed to
fered—A banking group
at $52 per share and dividend.
581,143 *
394,272
(ESDT) has been tentatively
April
"
■
detachable
5,424,095
-
$172,928
164,408
176,143
111,472
82,402
935,517
—Public Financing Pfoposed—
,
company telow.
i'jrddoji
563,000
2,796,372
1,538,371
and
Nashua Mfg. Co.—Action
tjhat;
$461,000
727,408
1938
ager,
Taxes
Taxes
Taxes
-
'
-
Federal
1941
185,114
:
•Morse Twist Drill & Machine Co.—-90% of Stock Ac¬
Federal
1940
of . the
*
*
121,431
.
a
estate
L
;
After
Prov.for
Federal
$633,928
1942
Benjamin H..,Namm,. formerly President, has been elected Chairman
board arid' Leonard S: Ross, Vice-President and General Man-
"
,
210,124
the' real
,
•
received.
pay ad¬
assets were sold to Namm's, Inc., for the entire outstrfoding 'stock of that new corporation.
The latter will operate the.
department store at 452 Fulton- Street, Brooklyn, N. Y., and lease the
premises from the Arebec Corp., corporate successor to A. I. Namm
&
1
from
1943—
The. operatitng
1943
$251,600
101,884,
of
«
Net Profit
Sales
1944
purchase of
The stockholders at
tion
,
YEARS
CALENDAR
$5,286,139
6,754,300
Year—.
1945
plant.-
(A. I.) Namm & Son, Brooklyn, N.
>
$267,035
' 75.631
railway—
from
;
FOR
Before.
Assets—Changes in Personnel—
Montour RR.—Earnings—
1944
EARNINGS
OF
Preferred stock (no par)
-
1945
27, at 11:30 a.m.
-
the company had supplied, through its disto the- British, and American armed services, a number of
/■.
1937
the
,
Pearl Harbor,
Net
the debentures. Bids will be received at 195
Broadway, N. Y. City.—V." 163, p. 2160.
com¬
1946
to
Net Profit
1946,
BIDS INVITED—May
set. for
com¬
$1,070,650; mis¬
deferred income, $383,519; deposits for return¬
able containers, $956,853; advances on Govt, contracts (contra), $1,
857,423; reserve for pensions, $4,828,966; minority int. in subsid. com¬
panies, $883,095; preferred stocks, $21,000,000;
common
stock
(par
$16), $12,678,680; paid-in surplus, $12,788,508; earned surplus, $18,327,063; total, $79,504,322.—V. 163, p. 2295.
March—
1,
June
extensions/ additions and improvements to
cellaneous accruals and
•J
Natio
First
Registrar,
s1:'
The 96,099 shares of com¬
to approximate $7,850,000 at time proceeds are
Company intends to "use proceeds from sale of the stock to
vances
from
parent and for general corporate purposes,
plant
to
Co.
Trust
■'
for subscription at par.to holders of record
expected
and
equipment
(after reserves for depreciation, amortization and obso¬
lescence of $39,675,266), $30,479,779; patents and processes, $1; total
deferred charges, $345,236; total, $79,504,322.
property,
Colony
•
PROPERTY—Company was organized in Massa¬
22, 1914.
Company's original name was National Toy
changed -to. National Company in 1916 and the latter
SUMMARY
at 105,. and to reduce the amount of ad-,
varices from American Telephone & Telegraph Co., -parent, which are
ASSETS—Cash, $15,963,965; Govt, securities—at cost which approxi¬
market, $2,914,479: receivables (net), $10,625,326; inventories
$14,397,944; funds restricted to Govt, contracts - (contra), $1,and
not underwritten.
wilt be offered
redemption
<net),
investments
Bond &
—
rhiatiVehr small Inventory^of finished goods.being carried.
$35,000,000 40-yea-r 2Vz%
stock
share
mates
857,423;
Old
contract.
.
The company on April 26
of
stocks
dividends
Preferred
& Telegraph Co.—Regis¬
States Telephone
Mountain
ing of common stock, is
Common
1,000
1,000
p. 655.
133,418
income
Net
-
1,000
1,000
$5,318,003
pref.
on
&
&
1,000
7,452,670
40,000
Watts
Stix & Co.
of
Co.
Neb.
Lincoln,
Baker,
Hallowell, Sulzberger &
Co.
Johnson, Lane, Space
and Co., Inc
Mason-Hagan, Inc
Andre de Saint-Phalle &
Co.
3,000
2,500
Co., Inc
&
&
1.000
,1.000
Inc.
3,000
Wiriiam'R. Staats Co.—
1,968,960
Minority int. in income of sub. inch
divs.
Stock Offered
receiving sets and component parts, basically the same as certain of ,
the company's standard prewar equipment, adapted
to meet special
;'
military requirements. Following Pearl Harbor, the company's pro¬
duction for civilian use was terminated, and the company's production
.
thereafter,, until after V-J Day, was substantially composed of standard
and specially designed receiving equipment,
including diversity and
scanning devices and parts, under prime and sub-contracts, from the
Army, Navy, Coast Guard, Civil Aeronautics Authority and other
government agencies, Since V-J Day, the company's production units
for government account has somewhat decreased.. Production is now ;
devoted to the completion of a prime contract for receivers and a
sub-contract for parts for such receivers, the unfilled dollar volume
of
which at Feb.
28, 1946 was about $9,100,000, of which about
$8,680,000 was deliverable under the prime contract at estimated
revised prices.
The performance of these contracts is expected torequire, until completed in Maich, 1947, not more than about 75%
.
of tthe company's man-hour capacity on a 40-hour week, single shift
basis, at present employment levels the balance of the company's
man-hour
capacity being devoted* to non-governmental production, fg
The present production for government account which during the last
,
five months has averaged about $672,000 per month, is at a higher
dollar volume than in prior years primarily because a greater per¬
centage of high cost purchased materials, are required by this prime
1,500
$5,387,263
1
—
on
changed to National Co., Inc., in 1932.
one of the pioneers in the manufacture and sale
and transmitting apparatus, in which it has been
tributors,
'
2,000
1,500
1.500
Rit.er & Co,
5,465,682
taxes
Balance
9,730,935
~
company is
radio receiving
Prior
2,000
Pacific Northwest Co.—
Bingham, Walter &
First California Co.»
a
■
2,000
Co.
3,000
4,000
Inc.
2,095,020
7,243,285
preferred
shares .of
100,000
Stein Bros. & Boyce
The Ohio Co.
Piper, Jaffray & Hopwood
Bateman, Eichler & Co.Doolittle, Schoellkopf &
6,000
6,000
6,000
6,000
__
*
35,000
profits
on
No. of Shs.
25,000
Langley & Co
Higginson Corp.—-
8,472,269
taxes
10,741,762
—
'
in profit in 1945 of $140,161 on intercompany
of applicable Federal taxes on capital gains.
W; C."
1943
597,116
2,696,842
$49,327
$183,923
$464,301
$193,106
follows
Eastman, Dillon & Co.—
Hofnblower; & Weeks..
companies)
660,040
2,769,008
—...
170,482
194,842
$751,646
'
COMPANIES
7,966,910
tax
10,328,176
engaged since 1922, about the beginning of radio broadcasting.
The
'variety of radio apparatus manufactured by the company has increased)
with the development of radio and with the increase in its range,
selectivity, sensitivity and utility.
Company was one of the original
producers of short wave receivers and early developed and has since
improved several types of high precision, wide range receiving sets,
covering most of the amateur and commercial wave lengths from 50 to
300,000 kilocycles.
Company designed arid manufactured most of the
principal component parts for its leceiving sets other than tubes,
fixed
and variable registers, fixed capacitors and speakers and,
ha
addition, produced for sale as parts such items as dials of various
types, dial illuminators, dial knobs; dial locks, drives, bushings and
shaft locks, condensers of various types, chokes, couplings, coil forms
of various types and coil bases, - assemblies and sockets, grid and
plate
grips, - oscilloscopes, metallic
cabinets, shields,
transformers,
insulators
and
assemblies, sockets and accessories,
terminals and
power supplies and relay racks for use in receivers and transmitters.
The company's .prewar business was substantially on an order basis,.
-
303,572
UNDERWRITERS—The names of the several underwriters of the
preferred stock, Series A, and the several amounts underwritten by
them, respectively, are as follows:
$16,951,642 $15,509,304 $15,875,709
charges
Federal
of
investments, net
The
$15,001,081 $13,491,994 $14,523,671
1,950,560
2,017,309
1,352,038
income
$3,504,059
1,480,876
797,177
AND
was.
was
The
$180,368
-
-
Johnston, Lemon & Co.—
Gross
-$117,961
sale
on
as
surp.,
sale of
Cohu
Net profit from operations
Other income
1,214,896
653,281
selling stockholders.
agent,,
Oct.
Co.. and
•
29,564
2,546,662
(
chusetts
1942
-1943
$416,883
325,283
7,570,040
& adm. exp...
and development expenses
pen.
Research
-
7,446,389
of Boston.
BUSINESS
.
.
$95,339,390 $87,953,659 $82,930,027
70,221,605
65,894,374
60,971,713
goods sold
Transfer
'
.$632,327
Nelson Douglass
of
in behalf of
Co."
stock, Series A, now offered is $225,000.
-
$94,895,930 $87,702,748 $82,827,223
443,460
250,911
102,804
Total
Cost
de-
dividends
as
tExclusive
•
•
7
YEARS
1944
,
.
upon
attached to the preferred
•
dividends—
carried dir.
sec.
earn,
Lee
........
Net sales:
of
s'ExcI.
100.0000
STATEMENT FOR
& 1,557,964 shs.
issuance
name
.
*
1943
1944
*322,155
*538,048
$3,734,997
1,113,827
533,123
April 30 offered 200*,000 shares of
comriion stock ($1 par) at $6 per share.
Of the shares
offered 50,000 are in behalf of the company' and 150,000
100,000shs.'
for
No. of Shs.
COMPANY
(Exclusive of- British
.
as
declared
.1577
.6310
—-
Co.—
&
reserved
1944
v
$277,480
Aggregate
.9465
__
CONSOLIDATED
banks- not
clared
1945
,
DATE
TO
1945
$3,711,717
National Company, Inc.
"
1.5775
Wurts. Dulles & Co
,
sub.
1946
-
$2,661,414
lf|
••
'Goodwin, Inc.,
Equity in net inc. Mor¬
ris Plan Ins. Soc. not
.3155
Co
Co
Co
&
1
*
&
co.
oWned
-
-
-
White, Weld & Co.—.9465
The Wisconsin Co
.7887
.6310
Co
G.
.7887
Co
Edward
Waldheim,
&
c
of
bank hold, coimpany—
.9465
1.8929
Corp
Piatt
been
YEAR
^Deficit
Outstanding
'
have
MARCH
-Net ry.
.
tEquity in earn, of maj.
.7887
Co
.9465
Co._—
I
.6310
H, Walker
FOR
•
Brothers
&
EARNINGS
Gross from railway
Net. from railway—
300,000 shs.
the non-detachable. warrants
'
-
inc.
'Net
.7887.
Inc
Tucker, Anthony & Co
.9465
Co.
"
-
.
.3155
&
Janney
Kalman
Tifft
Co.
''
Chattanooga & St. Louis Ry.—Bids Invited—
From Jan. 1—
-
OF EARNINGS FOR CALENDAR YEARS
(Company and Its Principal Subsidiaries)
.4732
>
.
PRESENT FINANCING
3,500,000 shs.
shares
218,500
SUMMARY
1.8929
Stroud &
:
Bank
i_
Corp.
.6310
.
of
stock, Series A, and the warrants to be sold to Eastman, Dillon &
Boyce
.7887
event of the sale of Nashua
■;
Bids for the purchase of $15,000,000 new bonds will be received at
company's office, 71 Brpadway, New York up to noon- (ESDT) May 9.
•The bond will bear the guarantee of Louisville & Nashville RR.
industrial
of
proceeds
the - net
Authorized
i
...
(10c par)
exercise of
the
Stone & Webster Securities
2.8394
Weeks
Hutton
Illinois
&
Nashville
and the District of Columbia.
EFFECT TO
GIVING
£
.3155
Co.—
"Stix ,&
-
———
Bros.
financial
_$3,264,000; (b) For investment in subsidiaries, $1,638,000.
addition
"In
.7887.:
.3155
1.2516
Stifel, Nicolaus & Co., Inc.
.4732
Stein
forefront
dividend Series A___.
$£.25
.9465
.1577
.4732
.3155
& Scribner_
Smith, Moon? & Co._r
Stiricweather & Co.
-
.
.6310
Harris, Hall 8t Co. (Inc.)
Hawley, Shepard & Co.—
Hayden, Miller & Co
Hayden, Stone & Co
Hemphill; Noyes & Co.____
Henry Herrman n Co.
W.
Singer, Deane
the
to "utilize
proposes
--
.3155
Sills, Minton & Co., Inc.—
T. M. Simon & Co
.3155
Co
Co.
Chas. W. Scranton & Co.—
Shields & Co
Corp.— 2.8394
Brock—
P.
cities in 30 states
Common stock
.6310
Schwabacher & Co.
of Michigan Corp.—
.7887
Folger, Nolan Inc.—
.3155,
Glore, Forgan & Co
2.8394
Goldman, Sachs & Co.— 2.8394
Gopdwyn & : Olds
—_l_
.1577,
Graham, Parsons & Co.—
.6310
;
Rothschild &
L.
in
Cumulative preferred stock ($1 par).__
.1577:
Moreland
&
.1577
First
-
.1577
Mosle
Rotan,
Farwell, Chapman & Co.—
----
.
Co.
Co.,
Inc.
The
&
been
have
Banks
CAPITALIZATION
.3155
Co
Rlter
The Robinson-Humphrey
Plan
125
bank loans,
1.5775
Reinholdt & Gar drier
.7887
States no
the
sale" of 100,000 shares of1 preferred stock, -Series A,- (estimated at
$4,902,000) to meet the following requirements: (a) For retirement * of
.3155
.4732
Corp.
Morris
PURPOSE—Company
.
.3155
—_
United
in-the
^
than
more
.9465
& Hopwood
was
which would extend credit, solely as a matter of business
comparatively low cost, to - the average man of moderate
wha could ^furnish no security except- character and. earning
Jackson &
Jaffray
v
,,
assets, provisions would be made to authorize dividends on the second
preferred stock to become cumulative, whether earned or not/in order
to assure continuity of payment of the $2 annual dividend.
Concurrently with the sale of Nashua assets, said Mr, Weld, Textrott
J
March—
banking in the United States and have been successful from their
Gross from railway——
inception. The first such:'institution (and the first of its kind in the
Net from railway——
United States) was organized by Arthur J. Morris in Norfolk, Va.; in \
"Net* ry. oper. income—
1910. "Since then Morris Plan Banks or Companies have operated in
1.5775
.7887
*
Putnam & Cm
Piper,
.3155
Sons_
Webber,
Co
Co
Mr^ WeJ^ tpW the stockholdera that, in
^
a
power.
The
.4732"
Curtis
; 1.8929"
Co,
Securities
Estabrook
Pacific
1.8929
&
Edwards
Cook
&
Northwest
Paine,
.7887
Co
Eastman, Dillon
A. .G.
Inc.— 3.1550
.1577
&
&
Newhard,
*
there
industrial hanks
at
-means
—
W. H. Newbold's Son & Co.
.3155
Dillon, Read
Dixon & Co
Drexel
-
-.3155-
Co.__
and
.6310
Co
&
.
.
institution
•
The Milwaukee Co
.6310
Moore, Leonard & Lynch—
.3155.
Morgan Stanley & Co._— 3.1550
P. S. Mflseley & Co.___— 1.5775 '
Mullaney, Ross & Co
.1577
Nashville Securities Co.__
.3155
Ntuhaus & Co._i..1577-
.3155
.7887
2.8394
Co
Turben
•.
,
.
tion of
& Co.—
—.6310
Securities Corp.— 2.8394
McDonald
Co
&
.
C.
.7887
Sons
Central Republic Co.
Clark,
.
Langley & Co.
.7887
Lee, Higginson Corp._l_—1 1.8929'
JLehman Brothers. .x/i—r 2.8394
W.
.3155
Inc.
Whipple & Co.___
Baker, Watts & Co.Biddk, Whelen & Co
:
Bitting, Jones & Co., Inc.
•
Kuhn, Loeb & Co
3.1550
Laird, Bissell & Meeds__'_
.6310
7.8874
C.
pany became,
"
phthalic anhydride,
The pharmaceutical industry
such products as asirpin, sulfanilamide, sulfathiazole, acetophenetidin and chemicals for germicidal preparations,
phenol,
its extensive cutting and sewing operations in home
fashions, lingerie,
negligees,- women a blouses and menswear. because of this fact, Mr.
Weld pointed out, Textron's directors have decided that the
corporatiottis not justified in maintaining such a
large investment iri Nashua
ana for that reason requested the
stockholders' meeting.
Plan Insurance/Society
large domestic customers in 1945 were
pharmaceutical industries.
The products sold to
and
Plastics
lntt'erests In the Morris Plan banks and companies and in. the Morris.'
phthalate "and
cresyl phosphate," other
^
3 Months Ended March 31—
Earns, from operations after
:
'
4
Interest and amortization expenses
Provision for Federal
-
Earned- per share
—V. 163, p. 2295.- '
^
,
—
$9,343,305
96,2??
*
,
;
Subs.)—Earns.-r- y
1946
$15,242,726
—
taxes
Net profit i.
shares outstanding
Number of
>
deprec. & reserves
:
^
6,030,OOfi
5,840,000
$3,089,707
$9,306,434
2,659,257
$3.50
'
2,280,275
-;
^1.3£
,
.
1
1
■fi*
'
i.
;;'
J
Ui
<'.y
...
-. I*
.
.'ft'&J
'V
Monday, May 6, 1946
CHRONICLE
THE COMMERCIAL & FINANCIAL
.
^
less
sales,
Gross
1944
1945
1946
disc..
$6,636,476
$5,728,196
$4,788,229
5,162,856
243,175
4,357,895
232,438
3,457,091
220,492
731,504
712,034
696,390
$1,164,874
28,772
$498,941
$425,829
75,878
$414,256
108,500
$1,193,646
$607,441
$501,707
$527,455
67,187
44,269
46,965
49,591
20,090
7,200
6,472
10,052
13,559
24,022
204,300
261,000
$7,526,893
allow.
and
sold, excl.
deprec
JProv. for depl. and depr.
Sell., admin, and gen.
deplet.
5,340,585
181,203
and
expense
•
Total
income
113,199
Jjrt. and exp. on funded
debt
Prov. for doubtful accts.
deducts.-
Miscellaneous
Prov.
for Federal
$
"82,582
191,900
19,009
413,400
taxes
13,213,250
"Railway tax accruals.. Cr3,172,131
Equip. & jt. facil. rents
1,452,336
INet
Other
Net
profit
•Includes
stk.
loss
$59,979
$179,283
$0.08
disposal of capital assets (net).—V. 163,
on
$233,918
$0.12
$281,492
$0.15
$673,960
$0.42
—
Earn, per sh. of com.
p. 2010.
National Skyway
& Goodwin Inc.
shares of
Freight Corp.—Stock Offered—Bond
May 3 offered to the public 500,000
stock (par $1) at $5 per share.
Net
proceeds from the sale will be added to the company's
working capital to be used for general purposes, prin¬
cipally to finance the acquisition of new planes.—
V. 163, p. 1869.
National Stamping Co.,
Detroit
Stock
6,235,053
2,213,568 Cr7,447,136
t Includes
-V.
1946—4 Wks.—1945
1946—16 Wks.—1945
$7,070,903 $41,912,839 $28,975,859
$10,803,650
The
number
724 at
April
of
20,
in
stores
decreased
operation
163,
1946
directors
in
to
1945
1946.
ry.
Gross
April
on
declared
29
regular
a
quarterly
of
dividend
March 2, last as compared with 15 cents per shai-e
ters. An extra of 25 cents per share was also paid
—V.
163, p.
in preceding
March
on
quar¬
aaustment
from
Net
163,
$7,873,000.—V.
was
ry.
Net
from
Net
ry.
RR.—Earnings—
1945
1944
1943
$261,670
83,884
$235,853
104,233
114,064
121,468
$222,107
119,262
158,771
560,935
177,451
358,016
railway
income
oper.
from
662,472
676,808
Net
from
244,062
303,647
443,075
Net
ry.
—V.
railway
income
oper.
163,
341,198
631,326
275,682
ry.
$1,538,180
Registered with
—
April 29 filed with the SEC registration statement
shares of cumulative preferred stock (par $100), to
through
underwriting group to be headed by Lehman
an
Brothers.
The
877,657
460,944
V.
p.
163,
sale of
the
stock
preferred
new
will be
used
inclusive of provision for income
for Federal excess profits tax.—
Int.
fixed
after
charges
accrued
and
unpaid
5,512,146
2,483,327
2,465,556
1,049,245
1,462,234 *§1,903,263
*1,467,643
*§2,416,035
real
estate
taxes
Colony and
unpaid charges
Old
on
company's outstanding $396,800 first mortgage 4% serial
bonds, to redeem all of the 6,198 outstanding shares of 5% cumulative
against
said
properties
charges
preferred stock, and the balance
the
company's working
inventories
and
ing
redemption
price,
supplied
by
capital
accounts
will
and
receivable.
prices
amendment.—V.
rate,
public
provisions
fund
to
finance increased
to
used
dividend
sinking
and
156,
be
Tne
added
offer¬
be
will
1868.
p.
$7,015,805
233,744
1,046,466
679,143
$1,612,061
$2,442,868
$8,062,271
$7,055,459
income
funded
No
interest.
$6,376,316
173,246
&
176,136
520,588
528,408
$1,438,815
$2,266,732
$7,541,683
$6,527,050
49,615
245,457
funds—
res.
appropriations
78,292
appropriations-
properties;
accrued
also
and
159,092
225,000
800,000
income—
$1,360,523
$1,992,117
$7,296,226
$5,567,958
2011.
p.
granted
A.
Corp.—New Comptroller—
Marohn
corporation.
has
He
assumed
Treasurer
for
accounting
many
firm
of
was
He
years.
Ernst
&
his
the
to
comes
Manufacturing Co. where he
duties
new
Noma
also
was
Ernst
from
Kerotest
and Assistant Secretary-
formerly
163,
the
with
connected
Pittsburgh.—V.
in
of
Comptroller
as
organization
Comptroller
2296.
p.
North American Rayon Corp.—Calls Prior Pfd. Stock
All
of
called
the
of
outstanding, shares of prior preferred stock have been
redemption on July 1, next, at $50 per share and dividends.
made at The Commercial National Bank & Trust Co.
for
will be
Payment
New
York, 46 Wall St., New York, N. Y—V.
the
for
Electric
Noma
for Boston Terminal Company taxes and bond
for
the
stated
leased
rentals
are
included
including payroll taxes recently
1946.—V. 163, p. 2161.
increases,
wage
period Jan.
of
163,
James
covering
for
debt
income
Sinking
the Old Colony RR., Hartford & Connecticut Western RR.,
Providence,
Warren & Bristol RR.
and Boston & Providence RR.
Corp.
leases.
1 Deficit.
§1946 figures include accrual of $3,245,000
the net proceeds will be
of
$2,209,123
506,483
oper.
income
on
this
Providence
the
13,073,741
Br20,023
Miscell.
$12,448,323 $16,168,570 $36,443,201 $43,365,116
*1,830,840
2,063,686
*127,280
4,111,983
income..
for
and
retire
(net)_
6,931,043
$1,377,594
$4,475,687
$4,112,884
Cr848,354 Cr2,593,709 Cr2,312,934
Drl6,825
Dr53,591
Br49,502
$1,105,578
Net
—V.
Boston
to
$331,463
Cr794,138
1946—3 Mos.—1945
1946—Month—1945
charges
"Net
income
income-
Total
are
indicated
is
revenue—
oper.
avail,
•■'Includes
proceeds from the
4,089,744
2,147,635
2296.
oper.
ry.
Income
$5,467,338 $11,406,730 $17,186,625
$2,479,098
revenues
rents
Balance
Total
254,514
Ry.—Earnings—
accruals
oper.
ry.
Other
$0.65
$1.06
figures
foregoing
liability
No
561,071
$170,405
,
.share
per
,
37,190
1870
facility rents (net)
Net
937.315
460,384
$199,577
etc
income
NOTE—The
Net
be marketed
1945
$1,568,105
1946
Expenses
taxes.
102,885
1,994,235
273,260
163, p.
oper.
Equipment
Three Months Ended March 31—
Earned
64,150
1,958,687
363,680
141,656
Co.—Earnings—
Revenues
interest,
66,135
1,936.964
369,970
142,597
income
tax
Railway
1869.
p.
New York Dock
"56,969
railway
oper.
Railway
373,170
New York New Haven & Hartford RR.—Earnings—
Neiman-Marcus Co., Dallas, Texas
221,239
1,946—Month—1945
1946—3 Mos.—1945
Railway oper. revenues- $12,280,804 $13,365,089 $35,338,984 $40,402,937
Railway oper. expenses9,801,706
7,897,751
23,932,254
23,216,312
Net
railway
Period End. Mar. 31—
Company on
covering 25,000
$735,433
155,13G
Period End. Mar. 31—
From Jan. 1—
Gross
2296.
SEC—
1943
$701,225
160,597
1,955,641
railway
Norfolk & Western
1946
$214,063
95,509
125,080
railway
1945.
1,
1944
$701,608
16,745
income
oper,
from
"Deficit.—V.
from
Net
20 cents per share on the common stock, payable June 1 to holders
of record May 16. A similar distribution was made on this issue on
1945
$695,397
railway
railway
From Jan. 1—
14,543,155
Net
March—
Gross
Common Stock—
on
1946
from
Net
carry-back
to
711,000
1433.
p.
from
1731,
Taxes,
Declares Dividend of 20 Cents
The
from 824
1,105,000
$11,202,000 $26,203,000
Net
glncome.
in
1!Credit
$8,987,000 $24,790,000
1,110,000
702,000
other
and
Norfolk Southern Ry.—Earnings—
2,585,604
4,721,482
taxes
JDeficit.
p.
Chicago—Sales—Regular Dividend—
Period End. Apr. 20—
Sales
Mar. 25/46 Mar. 26/45
Total
award
wage
related
OF WORK PERFORMED
COST
work
Joint
National Tea Co.,
RECORDED
OF
March—
and
2.17
11.23
construction
Ship repairs and conversions
Hydraulic turbines and accessories
§5,464,758
§4,228,217
ship
Gross
New York Connecting
par
STATEMENT
16,430,166
471,652
10,493,756
taxes... Cr7,749,479
profits
excess
Exchange
shares of $2
3,525,463
4,505,622
457,611
10,283,064
3,595,815
41.02
other
$61.23
Thirteen Weeks Ended—
"([Includes Fed. inc. &
Detroit—Listing—
has approved an application to list
value common stock subject to registration
becoming effective.
Trading in the stock will begin in about 30 days,
the Exchange announced on April 26.
The company was incorporated in Michigan in 1926 and is engaged
las fabrication and assembly of metal stampings sold principally to the
automobile
industry.
The plant and offices of
the company are
situated at 630 St. Jean, Detroit, Mich., with a wholly owned sub¬
sidiary in Lapeer, Mich.
The
297,937
144,501
7,911,038
157,358
3,390,993
charges
of
163, p. 315.
New
11,129,956
5,300,210
*60,321
deficit
Net
on
common
fixed
2,127,521
1,433,13,4
notes
Newport News Shipbuilding & Dry Dock Co.—Earns.
31,77?,-539
15,112,961
5,534,622
9,494,618
5,108,439
4,336,843
49,336
4,456,286
deductions
Miscell.
—V.
6,198,279
1,712,759
income
$6.81
Total
$
$
14,712,923
6,387,123
*1,493,455
income
Total
Total
.
income
oper.
ry.
1946—3 Mos.—1945
$
61,512,376 147,734,602 164,942,578
46,799,453 138,239,984 133,165,039
from ry. oper.
rev.
and
listed, at market
non-listed
corporations and
corporations,
undertakings (fair value as fixed by directors)
1946—Month—1945
51,596,657
54,809,907
British
of
Shares
(Including all leased lines)
Net
-
provision for all taxes, including income and
excess profits taxes on income to March 31, 1946)
Stocks of U. S. and Canadian corporations, listed, at rakt—
(after
New York Central RR.—Earnings—
Railway oper. revenues.
Railway oper. expenses.
1946
Cash, Government securities and all other net quick assets
Stocks
Period End. Mar. 31—
profit
Operating
Other income
MARCH 31,
PER SHARE
WORTH
NET
fund
sinking
840,231
returns
been called for redemption on June 1, next, out of
monies, $286,000 of reiunding mortgage VU'/c bonds,
series E, due June 1, 1980, at 101 Va and interest.
Payment will be
made at the Central Hanover Bank & Trust Co., sinking fund trustee,
70 Broadway, New York, N. Y.—V. 163, p. 2296.
have
There
1943
Cost of goods
IV1$
Newmont Mining Corp.—Net Worth—
Partial Redemption-
(& Subs.)—Earnings—
National Gypsum Co.
3 Mos. End. Mar. 31-—
163, p. 2296.
to March 31,
1
Northern Indiana Public Service Co.—Reduces Rates—
New
For
of
the
week ended
April 26, the Association
12,303,356
Kwh.
This is a
production of 12,637,850
below
year
Dean
England Gas & Electric Association—Output—
decrease
Kwh.
of
for
reports
334,494
the
electric
Kwh.
output
possible
2.65%
or
corresponding
MOTE—For
week
order.
a
output for the April 26 week Is
New England Power
The Association
reported
at
above
134,163,000
production
ago.—V.
year
ended April
27,
comparable
006,159
a
V. 163,
p.
1946
figure
decrease of
hours
available
for
Net
the
at 61,989,209 compared with 63,002,811 for
a decrease of 1.61%.
1945,
for
1.83%
the
over
week ended
the
April
20,
1946
61,-
was
corresponding week last
year.—
from
Net
ry.
1946
England Telephone
Operating
Operating
Net
from
Net
ry.
profits
Other
excess
taxes
Total
This
of
6,958,047
8,011,992
available
1,817,387
7,475,535
6,888,165
for
Brl08,146
income
$3,486,014
Interest deductions
$3,533,961 $14,492,086 $14,517,539
1,111,968
4,362,984
4,559.651
1,084,865
income
$2,401,143
$2,421,992 $10,129,102
2,333,551
2,333,551
9,334,206
$67,597
$88,440
$794,896
$1,012,607
$1.54
Dividends
$9,957,888
8,945,280
$1.56
$6.51
$6.40
T.
"408,430
p.
been
1731.
Dec.
year
Dec.
is
31,
with
tiation.—V.
31,
a
162,
of
has
Corp.,
Aviation
completed
re¬
1944.
to $4,302,892.
Earned surplus
$991,933 on completion of renego¬
$28,233
increased
ties
2020.
p.
an
New York
The
(see
directors
have
the
declared
following
a
dividends
special
the
on
new
a
electric
than $528,000 annually,
Service
meters read
on
on
Commission
and
after May
and
as
lower
of
1,
Mutual
in
on
the
and
after
City,
and
1,
1946.
New
Wayne-
rates.
lower
Co.
said
cost
even
of
Co.,
reductions
the
wholesale
though
operating costs.—V. 163,
Casualty
May
Decatur,
Tocsin,
company,
the
Line
rates,
gas
Whitley,
gas
by
Pipe
new
Columbia
South
possible
Eastern
increases
considerable
p.
gas
have
there
2162.
Chicago—Proposed
in
Northern, Mutual.
the
In
explaining the increases he said:
"As
example, death benefits of $1,000 will be increased to $1,500; hospi¬
benefits of $4 per day will be increased to $6 per day and
surgical benefit of $100 will become $150."
duced
8-25-45
$0.42
stated that, "The terms of this merger would be
ordinarily offered under such circumstances,
policyholders' benefits under a merger frequently are re¬
placed under lien, whereas in this case they will be increased
further
Kirk
inasmuch
com¬
*11-26-45
2-25-46
5-25-46
Industrial Series—
new
manager
made
were
Panhandle
read
Bluffton,
Roanoke,
the
the
in direct contrast to those
parison):
Agricultural
from
that
meters
on
Wayne,
Preble,
division
Kelly,
rates
announced
rendered
Fort
benefit
the
Mr.
payable May 25 to holders of record May 4
column below—with three previous payments shown
first
more
talization
Stocks, Inc.—Distributions—
this corporation,
of
announced that
Public
Policyholders of this company will have an opportunity to vote on
a
proposal to merge the company with Bankers Life & Casualty Co.,
at a special meeting
to be held in Chicago on May 18, Howard F.
Kirk, President, announced on April 27.
In a letter to policyholders Mr. Kirk stated that, when the merger
is consummated, it will give policyholders a 50% increase in benefits.
These increases have been offered in exchange for policyholders' equi¬
to the Government on April 1,
this sum a reserve of $12,900,000 was
The effect of the payment on net profit
reduction of
was
Indiana
Merger—
payment
Against
1944,
recently
customers
save
the
bills rendered
also
Northern
subsidiary
a
1944,
J.
gas
in
Ossian,
will
from
Shipbuilding Corp.—Completes 1944 Rene¬
for
on
that
of
stock
Net
163,
$9,000,000.
1,764,539
$4,501,617 $16,669,821 $15,963,736
Dr967,656 £>r2,177,735 Drl,446,197
5,420
1,846,634
113,809
"94,021
income
company,
negotiation
1946,
$3,594,160
"34,308
2,229,774
140,928
"94,503
dale
gotiation—
as
income
Other income (net)
"113,836
1,850,661
"339,619
"661,571
Haven,
in
New York
1,331,731
oper.
'192,886
railway
on
bills
on
Customers
$642,447
56,564
1,622.528
"96,311
railway
oper.
2,088,933
taxes—.,-
Net
1946—12 Mos.—1945
$30,303,929 $27,746,668$117,503,654$106,180,044
23,289,104
19,663,124
86,400,250
75,316,150
expenses
and
Telegraph Co.—Earnings
1946—3 Mos.—1945
revenues
inc.
&
(80,576
income
oper.
effective
company
fective
1943
1944
$802,124
63,024
1945
$756,338
17,879
railway
from
by
which will
save
gas
customers in the Fort Wayne Division more than $125,000
annually, have been approved by the Commission and also became ef¬
From Jan. 1—
Gross
2161.
Period End. Mar. 31—
Federal
became
President,
which will
approved
1946.
$621,498
railway
from
Gross
"Deficit.—V.
New
alphabetical
near
been
Ontario & Western Ry.—Earnings—
York
New
Mitchell,
schedule,
has
132,-
2296.
H.
rate
ft.,
cu.
of
163, p.
Association—Weekly Output—
reports number of kilowatt
week ended April 28,
The
always
alphabetical
exact
always as
are
not
possible.
as
March—
the
in
is
The
an
increase of 2,068,000 cu. ft., or 1.57%
095,000 cu. ft. in the corresponding week a
week
it
reasons
companies
arrange
However, they
position
ago.
Gas
to
mechanical
$0.17
or
as
Earnings per share
—V. 163, p. 2296.
New Orleans & Northeastern
^*rc,h—
from
Gross
Net
from
Net
ry.
:
.
1946
„
railway
Chicago
.10
.08
.07
.09
.06
.02
.09
.04
.07
.41
.75
.05
.10
.07
.07
.11
stock
1944
1943
$1,120,233
$1,125,398
$1,201,545
525,750
486,853
674,640
98,203
102,569
92,779
Electrical
3,423,173
3,160,081
3,402,934
624,301
Machinery
1,706,975
1,316,165
1,919,981
Merchandising
190,548
373,194
259,149
331,434
.07
.08
.04
.55
.05
—
.59
'.
.07
.06
.60
Net
ry.
Railroad
oper.
740,360
Tobacco
288,381
income—
$1,103,015
580,755
346,085
688,146
449 684
Diversified Inv. Fund
325,461
162|919
Diversified
2,736,078
1.641,593
3,067,022
2,156,182
1,998,134
Net
from
from
/
Govt,
railway.
2.223,735
radway
1,197,256
^
163°Ppr,1869°me""
925'317
949,964
"5'455
483,947
Specul.
Alt of
New
York
105
outstanding refunding mortgage 3% % bonds, series D.
*' 1975» have been raHed 'or redemption on July 1, next, at
and
interest.
Immediate
ewmption price, together with
the Central Hanover Bank k
payment
Y.,
.30
Net
be
made
of
the
full
re-
of
the State
Net
ry.
oper.
from
i
railway—.-
Net ry. oper. income-.^..
—V. 163, p. 2296.
•
•
railway-
1945
1944
1943
$10,571,078 $11,534,165 $13,163,269 $11,501,361
railway-
,
14,674
2,236,837
4,290,525
4,214,131
,30/283,892
pib-.07>;;: o
"railway
"$,5,10,080
40 at a Net(iry. pp^y,WCome--r ^4$?,414
?.;iwtr.49aK
"Deficit.—V.. 163, p.- 2011;
7,916,793
11,095,647
10,912,417
4,602,635
5,078.126
6,613,183
-yr.
.06r,n
^386,161
a il
d
Gross, TrbnT",railway—_T..
Net' from
-05/.
Viy..,,
__
p.
1946
from
from
2,495,845
1-21.
profits.—V. 163,
Illinois.
31,573,771
908.
—,•>
im
-
1945
1944
$588,447
$551,958
203,773
296,324
75,732
82,029
275,073
126,414
Northern States Power Co.
(Del.)—Weekly Output—
this company for the week ended April 27, 1946,
kwh., as compared with 46,223,000 kwh. for the cor¬
responding week last year, a decrease of 1.6%.—V. 163, p. 2296.
Electric
output of
totaled 45,464.000
1943
$471,843
138,766
42,490
income—
From Jan.-l—••
Gross
.46
of
1,802,429
1946
Net from railway--*..,..*.-
Insurance
36,526,829
.
.
have
1,361,894
$388,179
railway
railway
accrued
interest
to July
1, 1946, at
Co., 70 Broadway, New York,
upon presentation and surrender of said bonds.
of
Net, ry - .oper, income
.13
Susquehanna & Western RR.—Earnings—
Trust
,
$(.
will
from
Net from
the
.03
"Includes 5 cents from security
Gross
New York Chicago & St Louis Ry.—Calls
Bonds—
.04
.09
bonds series
".20
.04
Shs.——
.38
.36 C
Casualty jointly
34,693,368
.33
.05
.10
".15
-
March—
'
.09
.04
.10
Steel
and
Northern Pacific Ry.—Earnings—
.05
jd
Life
Bankers
March—
Gross
1,352,255
267,965
1943
From Jan. 1—
Gross
.08
equipment
1945
$961,849
1944
and
Mutual
*u22;ts'
Utility
Railroad
Earnings—
President.
is
Northern
Director
.13
.19
.05
1946
railway
railway
.08
.09
The
approximately 150,000 policyholders located in Illinois, Indiana, Ohio,
Michigan, Missouri, Florida and West Virginia.
Upon the approval by the policyholders, the proposed merger will be¬
come
effective upon the issuance of a certificate of merger by the
.08
Metals
$743,178
from
from
.03
.48
.10
.34
.89
.31
Public
March—
.40
Oil
p. 1731,
New Orleans Texas & Mexico
Ry
Net
.38
.04
.10
.06
.07
stock
.05
.09
equipment
2,115,489
income—
oper.
'Deficit.—V. 163,
Gross
.03
.07
.10
Chemical
pood
Insurance
railway
railway
from
ry.
.06
.77
1945
,vr.
"8,912
Gross from
Net
.35
.08
Building supply
Business equipment
From Jan. 1—
Net
.11
.06
.12
and distillery
Bank
86,426
income—
oper.
.19
.04
Alcohol
SC.07
RR.—Earnings—
$712,936
1
rahway
.10
by 50%."
The companies when merged will continue operation under the name
of Bankers Life
& Casualty Co., of
which John D. MacArthur of
Aviation
__
$0.04
.06
Automobile
Balance
.
-
1,089,348
62,907
•
>
>
1,230,999
-
371,099
*
.
'
;
449,916
127,802
1,650,561
,
//?79,043
•
.
-
268,317
1,488,278
,
709,807
287,124
Northwest Airlines, Inc.—New Official—
H. Hinljle,
one of the nation's outstanding
Albert
industrial
en¬
gineers, joins Northwest Airlines, as assistant to the Executive VicePresident, E. J. Wyatt.
He began his new duties May 1 and will
give his principal attention to expense control, an -increasingly im¬
portant function as the airline., expands. >,.«,•.
^ ooj kiqnt.J r, -: Zl
For the past 10 years Mr.;>Hinkle>;has been with: Etnst & Ernst,
with headquarters in Chicago; iIlL-tV*; ,'163;p. ,2162/:: jstwi
=%> •
,»^.iil..'fJili1i'l.;»Yi,'^>,^^^iy; ii.r,>;f{jlii!i»(i
%'V+r+£.v*%y'i7
'.
"'■•■■■,v-.."
.;■
•':•;■'■
V:-!
'■■'
:,.y. y:-->-• ■''<<:<;■•■' ••,
■%■'
•
■
•'
;
'
ist#
%
;/aVv
5fc
;■
...
'
;
'
•
-.
Volume 163;:
Number 4487
r'hffrait
>ifif
-r
Ti'iriVi'ifii
III
Northwestefcri Pacific
-
m^ESrnirigs^ "
1945
1944
$542;860
83,556
$499,754
62,070
31,188
2,027
'1946
from
$349;2811
railwayi
Nat
from
Net
ry.- oper.
railway..:
>
6164,453
*■
*204,307
income
railway.
railway
975,856
from
N6t
ry.'oper.- income
163, p.
306,643
-
12 Mohths-EiidfeU March^
_
94,246
Operating
Provisioft
158,093
.*5,873
1,366,796'
-Gross
1732
..The New York
Curb
additional
of
issuance.—V.
of
163,
stock,
approved
$1,
listing of
the
official
upon
no-^
1162.
p.
Loeb, Rhoades & Co.,
—
on
Debentures. Offered—
April 30 offered $689,101
500 4% convertible debentures due
April 15, 1958 at
and interest. The issue has been oversubscribed.
to
Pur-,
offering to stockholders the stockholders'
the
subscribed for $755,000 of the $1,444,500 debentures.
'
1946.
Transferable
rights expired
April 27.
Verted
at
stock
on
common
for
stock
for
common
to
15,
Entitled
part
stock
City
the
at
the
at
of
rate
of
amount
and
1951
evidencing their
Business Time, on
certificates
York
New
principal
shares
5
if
debentures
of
rate
principal
to
-
of.
stock
'
•
for
taxes
provision
in
lieu- of
The
t, 205,658"
$2,300)154
of
amount
if
debentures
stock
and
frir
least
reclassifications
Securities
with recently promulgated
accounting erquirements of
and Exchange Commission,
but in the-opinion of the
and its independent accountants the taxes- chargeable to
operations should not be5 reduced by such reduction in taxes as to do
so results in overstating gross income
by such amount—V. 163, p. 1732.
days
notice,
applied
curred
the
in
purchase
finished
then
of
Operating revenues
Maintenance
785,149
taxes
Federal
and
Operating
in
be
used
bank
a
1,615,418
1,769,831
$3,477,856
J9r26,247
$3,180,637
$3,173,631
accruals
reserve
as
that
will
Other
the
used
GIVING
by the
for
the
Common
stock
EFFECT
(no
due
will
of
be
shares
Initially
HISTORY
.
is
&
these
used
facilities.
PRESENT
TO
Apr.
1958
15,
Net
for
the
in
company's
for
tincludirig
treasury,
conversion
manufacture
and
wholesale
629
1914,
distribution
Company-
of
on
automo¬
truck, and bus rubber tires and tubes, "V" shape fan belts and
radiator hose, storage batteries, tire
repair and retreading materials,
including camelback, and rubber sole slabs, molded soles and heels
footwear
With
exceptions the company's products are sold
filed under the brand name "Norwalk" by the
sales
own
sold
are
organization.-
radiator
from
hose,
the
afid
manufacturers
have
been
batteries
some
and
distributed
retailers.
for
California, but sales
creasing.
All shipments
in Norwalk, Conn.
The
the
tubes
was
initiated
batteries,
1914
with
and
ply
15%-
from
repair
automobile
above
remainder
footwear
the
the
of
to
batteries,
exclusive
of
the
country
from
the
company's
ply
tires
is
sales
plant
and
bus tires
diversification
of
belts, radiator hose, storage
1935, the company introduced a
sold
at
about
levels
price
generally
of
90%;
the
approximately
throughout
company's
five ply tire construction.
was
9.5%
introduced.
increase in
during
tires;
truck,
program
a
of
6.6%
1937,
In
company's
the
sales.
the fisCal year ended Sept. 30, 1945,
tubes; 19.2%- of footwear materialsof
fan
belts
and
radiator
hose;
and
,
30.
,
,
UNDERWRITERS—Company
Rhoades
&
Co.
all
of
the
has
agreed
debentures
not
to
sell
to
subscribed
Carl
and
M.
paid
Loeb,
for
by
stockholders.
Dec. 31,'45
Gross sales, less
of
disc., &c.
•
California,
$5,934,863
401,958
2,140,689
7,417,415
$6,359,590
5,343,771
153,288
571,801
434,231
5,004,927
accts.
of
note
11,785
38,268
$2,013,223
Rights—
given the right to subat $14.50 per -share,
California Trust Co., agent,
to
shares
the
14,
Calif.,
of
of
the
the
to
3
to
stock,
shares,
represented
purchased
by
the bene-
-
constituting ap¬
subscription
Union
the
to
Oil
Co."
EFFECT
HISTORY
AND
of
Los
The
business
propellers,
of
and
the
servicing
instruments
specialized
aircraft
and
of
and
tooling
parts;
of
Bendix
of:
(1)
aircraft
airplanes,
and
maintenance
consists
now
(2)
for
(3)
Angeles,
engines,
in
use
selling
Ltd.
Aviation,
overhaul,
repair,
and
the
at
25,939
Period End. Mar. 31—
sale
exps.
well-known
manufacturer of engines for use in model
complete
a
business
aeronautical
airplanes, and
the
in
aircraft
of
lines;
(9)
$6,599,518
6,575,751
$94,850
$23,767
6,750
3,762
12,706
21,266
52,129
56,603 r-
$155,473
$122,866
$79,658
$601,341V
682
1,067
5,391
$154,791
$121,799
$74,267
57,000
46,000
13,000
208,000
$61,267
$366,379
income
to
$522,164
22.574
&
"
(bef. inc. tax.)
|
26,962
/Mi]
1
$574,379 "
Less: Prov. lor inc. takes
—estimated
^
___-
V
■/
"Net
inc. bef.
adjusts.
below
$97,791
Depreciation
charges
Depletion charges of
generally
and service
Net
"
,
income
prior
of
$75,799
Cr20,117
years
Dr27~I30
prior^ years^
transferred
to
surplus
$81,384
$339,249
$118,675
$124,507
■_
FOR
Service
chgs. for depl. &
depreciation of
YEARS
CALENDAR
1945
1944
1943
1942
$3,221,281
870,611
Store
476,898
401,360
763,478
1,407,418
112,980
148,139
173,358
sales
Mfd.
$3,233,857
products
—V.
$32,100
I
49,757
Pennsylvania Co.—Calls Series A & B Notes—
and
exports
miscellaneous
$33,575
163, p. 657.
$2,180,986
{$3,505,119
.
The
122,601
has called for redemption on June
outstanding
secured notes, series A,
company
$12,000,000
next, all of the
due each June 1
'
Profit from operations
Other
$238,082
income
$800,022
$555,648
$554,300
911
6,105
2,356
Total
190
.
Cost
revenue
of
sales
Other
income
norm,
Fed.
excess
Post-war
tax
$800,933
$561,754
&
surtax
14,739
4.832
231
Profit-from
Other charges
inc.
73,500
71,000
74,000
500,800
330,000
322,000
prof, tax_
Prov.
for
tax
Prov.
for
Cr33,000
Net
^Special
Net
15,000
$135,402
income
"Portion
for
reserve
Net
"After
$162,165'
post-war
post-war
Contingencies
utilized
reconversion.—V.
163,
p.
$162,165
during
the
2011.
Net
for
$517,159
187,093
341.233
$280,639
taxes
1944
S467.732
Federal
earnings
Earned
—V.
1945
profit
$175,926
'
per
share
$0,352
SO.221
162, p. 2397.
Ohio Public Service Co.—Transfer Agent—
The
National
City
Bank
of
Cleveland,
613
Euclid
tion.—V.
163,
p.
Cleveland.
this
corpora¬
1870.
from
an
March—
Gross
from
Net
from
Net
ry.
-
oper.
income
1945
i.
44
Net
Net
from
from
ry.
railway
railway
oper.
income
"'Deficit.—V.
$115,268
$125,882
$126,051
3,314
44,354
61,058
71,032
"6,614
14,136
18,866
18,675.
The
348,245
389,471
377,776
88,300
160,531
208,512
200,473
23,028
55,408
74,403
69,617
of
to
+$154,902
"$50,262
dated
agreement
America
offered
the
and
163,
company
outstanding
at
B
at
257,873
35,468
231,032
inclusive, arid all of the outstanding $20,000,000
25-year 3'/«%. secured sinking fund notes, series By due June 1, 1969,''
the
latter at
104V2
and interest.
The series A bonds will be re¬
deemed as follows: Those maturing June 1, 1947, at 100 1/10, those®'®:
due June l, 1948. at 100 3/10, those due June 1, 1949, at lCOVg, those
1947
in
due
National
Jan.
Trust
7,
and
$1,300,000.
will
be
remainder
was
first
p.
called
mortgage
used
for
were
the
additional
used
for
additional
performance
Co.—Calls
Pipe Linfe
for
and
redemption
first
Hen
Payment
will be made
at
the
said
bonds.—V.
163,
p.
2297.
1953
at
101
3/10
in each case.
those
i."J
and
due
y
-
in
will'be made at the office of the company at
Boulevard, Philadelphia, Pa., or at the option of?
June
office
*
or
agency of the company at 380 Seventh
Y., of the full redemption price, plus accrued in»x„
1946.—V. 163, p. 2012.
'
%%%•
.
.
N.
1,
-
of
Pennsylvania-Dixie
on
May
bonds,
27,
series
The
merit
1946,
holders
all
1945.
and
City Bank Farmers. Trust Co.,
price and
surrender.
issue upon
the exercise of warrants which were issued to ;%S
stock of General Cement Corp. in connection with
rV
that Corporation into Pennsylvania-Dixie effective Dec. 21,1
The warrants are exercisable on and after June 1, 1946, and on
yg;
of
common
before May 31.
RESULTS
Cost
1949, at $20 per share.-
FOR
THREE
MONTHS
% ■/
ENDED MARCH 31,
of
sales,
ordinary
operating expenses,
Provision for depreciation and depletion
Loss
from
taxes,
$202,541
loss
-t
for
the
—$185,799
30,425
.—^
period-^.,,
1,603,951
'122,566
1 16,742
—
for Federal income fax and surtax
Net .less
etc—-
operations—.'
income
Interest, on funded debt
ProY.
1946
less cash discounts and aHowances—$1,526,976
Sa'es,
Net
the
on April
25 filed with the SEC. a registration state-; ^
80,000 shares capital stock ipar $7).
The 80,000 shares are •%!
for
merger of
a
war-
and
C
Registers With v
company
for
reserved
Bonds—
B,
Cement Corp.
sec—
Othfer
corporate trustee, 22 William St., New York, N. Y.
Immediate payment Will be made of the full redemption
accrued interest. to May 27, 1946, upon presentation and
of
working
D,
the following redemption prices, plus accrued interest:
The series
bonds at 104, the series C bonds at 103 Vs and the series D bonds
103',4.
to
terest
in
to
2011.
Eastern
has
the
New York,
Ave.,
due
accrued interest
payment
at
A
applied
those
with
Pennsylvania
hclder
7/10, those due in 1951 at 100 9/10, those due in
100
1/10,
101'/a.
.Immediate
1617
the
1946,
company
Savings Associa--
at
101
at
1954.
to
1950
at
1952
+$122,666
renegotiation refund anticipated.
amount of
now
Panhandle
1243
$71,955
163, p. 1732.
tNo
capital and to increase inventory.
The proceeds of
the Regulation VT loan
working capital required in connection with
Ry.—Earnings—
From Jan. 1—
Gross
r
1946
railway
railway
Bank
aggregate
securities
contracts.—V.
Oklahoma City-Ada Atoka
24,169
"$81,405
renegotiation.
Fresno,- Calif,,
Ave.,
Ohio, has been appointed transfer agent for the stock of
76,887
509,617
67,345 '
59,800
100,200
portion of the proceeds of
discharge this indebted-"
ness.
At
the present time the company contemplates
that approxi¬
mately. $450,000 w:il! be used for the expansion of the company's
facilities at Seattle, Wash., by the construction of buildings on leased
land and the purchase of additional machinery and equipment, the
acquisition of additional machinery and equipment for the -company's
plant at Oakland Calif., and the acquisition of new facilities at Port¬
land, Ore., where the company is negotiating for the purchase of an
existing business, including machinery, equipment and inventory, arid
a
fease of land and buildings.
The proceeds of the loan lrom Bank of America were used as fol¬
lows:
$700,000 was used to discharge an indebtedness created by a
Regulation VT loan previously made by Bank of America, approxi¬
mately $46,000 was paid by the company for certain property at
the
$156,142
Norwich Pharmacal Co.- -Earnings-
Reserve
$389,166
profit
borrowed
tion
$223,051
Quarter Ended March 31—
Operating
$741,406
taxes
PURPOSE—Pursuant
$156,142
26,157
$135,402
of
$141,776
oper._-
from
1954
20,459
32,779
$196,894
credit_
profit
period to absorb costs of
for Fed.
10.000
conting.__
profit
353,476
$241,406
1,610,702
Cr32,200
post-war cont.
.
579,842
(net)
Prov.
65,700
36,800
tax_
3,764,647
634,369
$556,656
370
profits
exc.
3,846,227
682,504
exp.
$238,272
deductions
Fed.
$2,353,344
3,682,321
Selling and admin,
Gross
$4,622,372 • $5,085,895
$4,606,231
(subsidiary co.)__
2,000
.—-rr:—_^_^__r.w^®--,%g$218,224
'
CONDENSED CONSOLIDATED BALANCE SHEET. MARCH 31, 1946
i
serves),
deposit
/
$1,523,386;-notes aril accounts receivable (less re-v
$767,924; inventories, $1,997,079; U. S. Govt, securities, on
with State Workmen's Compensation Commissions, $35,000,
ASSETS—Cash,
|
1
-'
income
Net inc.
/
Cos.
lshld. agree
(10)
supply
ji
$7,443,268
6,921,104
$1,787,171
1,692,321
income
Charges
.
1946—12 Mos.—1945
$142,767
taxes__
Allied
from
Gross
subsidiaries)
1,853,584
$1,996,351
and
oper. under
Sundry
owned
"After
EARNINGS
23,676
,
V.
r
1946—3 Mos.—1945
Balance
Divs.
and
(6) assembly of propellers shipped in a "knock-down" condition
original manufatturers;
(7)
operation of airport at San Jose,
Calif.; (8) acting as authorized distributor and jobber, as well as au¬
many
'
deposits in
.
wholly
-
earnings
Oper.
agent;
for
DEC. 31, 1945
demand
arid
2163.
from
stations,
hand
on
assembling,
wholesale
retail
repair
stock__
common
Govt,
Gross
accessories,
of aircraft engines, parts, accessories and
general aeronautical
supplies; (4) export of aircraft parts, materials and supplies, including
equipment manufactured by the company; (5) actjng as manufacturer's
thorized
on
(Including
Registrar,
Los
manufacture
equipment
aircraft,
S.
p.
650,000 shs.
Calif.
Angeles,
two divisions of
company
220,000
$279,733
payable, $1,421,858; ' transportation taxes,
employees'
withholding taxes, etc., $285,862; accrued ^salaries, and
wages,
$285, i03; accrued
taxes,
other than Federal income taxes*
$63,485; interest accrued, $87,500; other accrued liabilities, $103,204;
provision for Federal income -taxes, $310,296; deposits on air travel
card
accounts,
$299,589; unearned transportation
revenue, $18,036;
15-year 3Va% convertible income debentures, due Sept, 1, 1960, $10,000,000;
common
stock
(par value $1), $477,060; capital surplus,,
$2,812,177;
earned
surplus,
$1,345,743; total, $l?,509j913.-—V.. 163,
and
Airplane Parts & Supplies Inc.,
337,600
$404,635
Pennsylvania Goal & Coke Corp,—Earnings—
was
organized in California
the purposes of acquiring most of the assets, name,
operations of Pacific Airmotive Corp. Ltd. and
goodwill
309,000
$441,467
*
118,640
tax)
assets, $8,751; total, $17,509,913.
BUSINESS—Company
13, 1939, for
modification
•
.
TO
Calif.
business,
1,513
.
tax
•
,
$25,701
Angeles,
Los
all
for. investment
(secured); final payment due in 1957
($1 par), authorized 1,000,000 shs.)
agent, California Trust Co.,
&
Merchants National Bank
that
company
will be acquired
distribution.
it
or
Transfer
April
$504,960
5,227
LiABiLITIES—Accounts
received
shares.
63,670.2
-
(P5T)
p.m.
and
company
capital
outstanding
subscribe
prior
Capital stock
■
171,739
$743,748
banks, $1,296,246;
securities, at cost, $3,625,000; receivables, $1,285,040;
inventories
of
replacement parts and supplies, at average cost, or
reconditioned value (after reserve of $93,6?? for obsolescence), $491,300;- special fund for purchase of property and equipment, U. S.
Government securities, at cost, $5,775,000; property and equipment, at
cost (after allowances for depreciation and amortization of $2,286,476);.
$4,318,765;
work
order?
in progress,
$239,823;
prepaid expenses,
$174,904;
unamortized debt
discount and
expense,
$295,084; other
were
of
parent
California
so
Commis.,
notes
of
it
1943
$8,827,507
exp._
for doubtful
and
1944
$2,543,846
sales
Sell., gen. & adm.
Angeles
the purpose of, ^resale
Years End. Sept. 30-—
1945
$2,356,459
31
office
prof,
exc.
income
ASSETS—Cash
U.
field.
INCOME' ACCOUNT
3 Mos. End.
Prov.
stock
conducting
COMPARATIVE
Cost
Co.
of
servicing
of repair materials and accessories, as
compared with 48.5%
15.1%
6.1 %
5.0%
IS.2%,, respectively, for the year ended Sept.
1941.
,
Oil
the'
total
diversification
The
the
surplus
March
at
Los
212,234
shares
4y2 %
expense-
normal
BALANCE SHEET,
26,557
CAPITALIZATION
OUTSTANDING,
GIVING
't
PRESENT FINANCING
in¬
are
fan
manufactured
and
now of
of batteries;
automobile,
when
of
of
of
for
3,579,868
'$333,22#
94,448
5,022
-
and
Federal
for
Dividends. paid
29,64b
Corp.-^-Stockholders'
record
St.,
42.45 %<-
Union
not
expense
debt disct.
385,937
agreed with the company to purchase at the subscription
shares
of
capital stock offered and not
subscribed
for.
all
and
the company's products
the Atlantic Seaboard and
rest
11.3%
9.1%,
price
fan belts,
distribution
for
and
payable
entitling
re¬
products,
jobbers
$2,455,367
427,500
of California
the
company's
most
Co.
owner
warrants
past
on
the
In
(which
industry),
company's
consisted
products; 6.9%
sold
directly
1933;
addition
tire
four
the
of
ficial
Farmers
materials
product line
has resulted in a steady
program
Of
and
tubes
material
part
only
materials.
^utomobile products is
46.5%
and
the
In
most
made
are
until
the
are
throughout
manufactured
company
and
five
tires
Footwear
company.
in
•
all
directly to about 800 independent dealers who hold
franchises
to
Almost
in
of
were
Oil
proximately
trade.
minor
placement
Airmotive
South Spring
April 26.
Union
bile,
fori the
stock
common
stockholders
Subscriptions
$3,913,089
109,913
$849,937
for Fed.
sary
spribe to 150,000 shares of capital stock (par $1)
72,-
debentures.
of
BUSINESS—Incorp. in Conn., March 23,
engaged in the
Pacific
The
-
1943
•
$6,216,711
5,582,876
'
104,511
of
Provision
1434.
163, p.
v
,
718,263
32,783,959
for
Balance
-V.
Outstanding
$1,444,500
"202,230 shs.
«
$745,426
income
income
Amort,
£>r7,006
Net
income
series A, 4%%$5.50 convertible prior preferred..
Preferred, $50 par value
balance
'
,
-
and surtax (no provision, is neces¬
income
deductions
Preferred,
FINANCING
t315,000 shs.
reserved
(net)
Preferred stock dividend requirements:
unfin¬
The
$1,444,500
pari
"Excluding 500 shares held
225
Gross
Income
Ap¬
from RFC.
company
completion
Authorized
debs,
income
-
addition to the company's working capital.
an
convertible
of
an
for
used
Corporation of certain un¬
Government at the company's plant
approximately
$200,000
replacement of obsolescent
CAPITALIZATION
4%
be
will
Other
in¬
amount
outstanding
additional shares
1944
1945
$10,978,973
10,233,547
income
Total
Finance
purchase
be
$260,000
and
and
of
250,000
FOR CALENDAR YEARS
ACCOUNT
revenue
Operating
918,117
income...
on
stock
common
of
3,008,000
$3,451,609
667,649
taxes
Utility operating income
$1,388,875), $500,000
loan
Approximately
by
of
process
buildings
modernization
will
(approximately
from Reconstruction
the
maximum
a
Operating expenses
469,317
935,937
2.690,550
_
State"
Retirement
1945
$16,542,917 $15,644,864
7,038,005
6,298,959
Operation
General
the
in
with
the redemption on April
1, 1946 of all
outstanding 7 %■ cumulative preferred stock at
$503,930.
proximately $265,000
ished
proceeds
payment. of
buildings erected
and
site
net
the
connection
company's
aggregate .cost
the
the
to
of
f
-
1946
interest
be
Airlines
Noitheast
of
issuance
Co.—Earnings—
12 Months Ended Feb. 28—
otherwise than through
1948, and redeemable for
sinking fund, at 105% prior to April 15,
the Sinking fund at 103 %
on
April 15, 1947, with reductions
redemption prices in each case with accrued interest.
PURPOSE—Of
the
common, stock.
INCOME
Oklahoma Natural Gas
of
option of the company at any time in
30
the
will
each shai-e
involves
PCA's
Stockholders 0f both companies have approved • tli£ mfergeii.
Before the merger; dan becopie. effective it must
also be approved by the Civil Aeronautics Board which scheduled the
matter for hearing beginning on April 29, 1946.
The agreement of merger provides that Penftsyivania-Central Airlines Corp. shall be the surviving corporation and that its certificate
oi incorporation' shall be amended to provide for afi increase in the
authorized common stock from 1,000,000 shares to 2,000,000 shares.
company
con¬
:
\
U., S.
of
accord
to
\
-
iriclrided' fh^' dtiriehtV
/•:'■; i;
current liabilities.
The company had $9,400,000 invested) •
ft
Government securities, $5,775,000 01 which were held in a
social.tithd reserved for.,purchase of equipment.
The proposed merger of PCA and Northeast Airlines is a logical;®
uhion which should materially strengthen and create a greater PCA 'Vt'V
system.
Uridief the teffri§ of this consolidation, Nbrtheast's routes, y;
equiprrient and identity will be merged With that of PCA.
The pro-®
posal provides for the exchange of one-half share of PCA common
in
profits
refunding of securi¬
taxes.
.
*
t.
moire' than
accepted accounting principles,
prior to Dec. 31, 1945, as pro¬
classified
Were
or
',
'
|i
securities
■■Wrm-tif
$3,505,813
987,193
generally
:
'
390,67.3
t'r-fii-fi
r,I,
-$3,522,349
of deduction of costs incurred in
charges
special
'
5
•
3,406,719'
_
$4,509,543'
accordance: with
the
a
the
at
at
1,007,055
expense.
____<
reason
are
sinking fund beginning in April 1947
approximately two-thirds of the debentures prior"
on
^
and
130,251
preferred
»i_
In
and extending into eastern Canada,
area
income debentures on Oct. 2» 1945,
prem.
j;
!
,
Anticipating the l&rge cash outlays incident to Its itnmedtate plans
expansion, PCA Fsstted $10,000,000 in 15-year 3 '/a % conertible
con-
shares
4 Ms
by
England
.
$100
Redeemable
in
or
April
retire
maturity.
$100
each
verted thereafter.
whole
Noon,
into
each
before
or
sufficient
to
o'clock
12
Convertible
riommon
subscription
taxes
ties,
:
by this company's
n\anagement to strengthen further the PCA system, linking PCA'a 3,996
rouMy .miles, wltht .Norihpast's:,,
for
$7,-908,534 $10,387,471
2,261,683
3,084,264
;
on-
•C.,Bedell Monro, President, said in part:
i A
merger with Northeast Airlines, was proposed
*
2,849,589
3,392,184
4,724,441
NOTE—Amortization of debt discount, premium and
expense includes
special charges in the 1946 and 1945 periods of $641,766 and $3,080,608,
respectively, equivalent to 'poftioft, applicable to such periods, of net
reduction in Federal and State income and Federal excess
such
company offered to holders of common stock the right to sub¬
scribe fof these debentures at the rate of one
$500 debenture for every
70 shares of common stock held of record at the close of business on
11,
"...
—
long-term- debt.
Balance
vision
The
April
1,680,164
2,846,698.
_.
profits taxes
excess
Net' income
Dividends
Penttsyh'ariia-Ceh^ril Afrlines C'Ofp.—Annual Report
;
=»/
n*
3,367,389 '
4,865,568-
.ir
■
suant
mi
14,356,149
3,384,759
——
par
' 1945
—
14,355,100
plant •acquisition- adjustments—.
on
1046- '
-
~
* expensesiri.__f
<
loH depreciation..—1-
Amort, of debt disct.,
Other deductions
April 23
on
common
Norwalk Tire & Rubber Co.
Carl M.
,
,
income
Interest
Exchange
shares
<
General, taxes
152,698
NdrthrOp Aircraft; incA-Listing—
rice
V.. J
i
<71
$34,899,69$. $?6,218,352,;
Federal, incohie'arid
307,608
-
Gross:.. revenue
40,671-
-
1,423,783
189,474
"519,830
•
1,566,969
-365,305
Neb
"Deficit.—V.
-
1943
$506,078'
Amortr of
"Prom Jan. l—
Gross from
21,153
f. t—,
r
ff1')
'
ftarch—
.
Gross
>
't
-V
'.1,0 '
■
;•,.•••
.,,
••••
i-,l'V-
.
-•■•-•••
-I
\j.'j
/
ivOT
•f
'id.'
>
>
i. i
Co., as agent, Philadelphia, Pa., the proceeds to be
to redeem on June 1, 1946, all of the 32,000 out¬
standing shares of 6% cumulative preferred stock at
$110 per share •and dividends and the remaining out¬
standing balance of $750,000 serial notes.—V. 163, p. 2298.
$800,000; accounts payable
(trade),
$295,824;
accrued
liabilities—wages, taxes,
interest, etc.,
,#.>05,021; provision for Federal income tax and surtax, $6,474; first
mortgage bonds, 3'A% (sinking fund payment due 7-27-46), $400,000;
urst mortgage bonds, due 1953. 3 W %
series, $2,850,000; reserve for
v^if-insurance
(workmen's
compensation),
$258,526;
capital stock,
ipar $7), $3,673,600;
surplus, $2,951,434; total, $11,540,879.—V. 162,
p. 3197.
LIABILITIES
(banks),
payable
-Notes
EARNINGS
FOR
Gross
Fed.
Net
Interest
$2,945,8?4
1,235,024
550,683
1,097,270
541,619
$1,160,117
$1,280,488
$1,358,481
V.
York,
New
Street
162.
Y.,
N.
There
549,156
1946
1945
1944
1943
$699,816
" 197,548
<399,164
$902,821
$775,622
railway
from
Gross
Net
from
Net
ry.
railway
income-—
oper.
$809,491
23,772
47,520
172,072
"103,360
140,024
•
"81,477
from
Net
from
Net
ry.
1.915,187
2,328,719
2,160,696
65,118
"20,264
100,289
"1,009,876
income
"Deficit.—V. 163, p.
ouer.
'550,043
"560,660
"310,184
L.
and
RR.
I.
B.
Ry. operating
fr.
rev.
ry.
The
s
$
Railway taxes
Unempl. insur.
Railroad
taxes-.
retire,
Equipt.
rents
joint facil.
22,768,686
16,021,370
its
5,101,900
4,653,000
outstanding
1,116,707
3,424,787
1,209,782
710,721
3,996,268
884,529
3,260,012
3,531,875
1,827,125
190,900
438,526
14,438,676
2,624,260
at
604,165
26,152,222
1,727,506
570,528
(Dr.)
(Dr.).
income.
•
203,912
"8,634,174
rents
and
1,
1962,
all
103
not
of
for
its
and
redemption
outstanding
interest.
heretofore
May
on
debentures, due March
20-year 3 V
interest
debentures
15,305,698
1,481,055
.
mortgage
has called
corporation
and
50,681,097
taxes._
20-year
Immediate
called
Net
ry.
oper.
"Gross
of
from
Gross
railway—
railway
Net from
Net ry.
From Jan.
"8,562,516
.
ment
Operating
in full
of
105V*
at
due
such
on
expenses
1,630,629
1—
(&
Subs.)—Earnings—
operating
and
2,445,877
35,247
Provision
for
163,
revenue
income
Gross
Net
interest
Net
56,782
income
Net
taxes
-V.
of
the
1946,
at
Ltd.—Calls 5% Debentures—
30-year
called
been
have
1957,
1,
5r,
and
Peter Paul, Inc.—To Split Stock—
before
Royal
the
agency
163.
said bank in
of
4-forrl
A
t450,000
has received
company
Southern
the
in- the
This
capital
follows
action
has
stock
approval
income
taxes-
Vernon
Mt.
System,
cars
$5,542,732 $12,340,297
1,297,800
3,195,000
plant.—V.
163,
each
The
share
declared
dividend
of
$1
V,
162,
share
per
the
on
(& Subs.)—Earnings—
depreciation, Federal income taxes, etc.
fFor the nine months
31, 1946, provision has been made.for Federal income
$9,455,700
income
of
tax
and
of
tax
profits
excess
and
$10,410,000
income
income
Federal
first
Earned
—V.
1945
$343,685
$133,409
131,567
„
54,322
exploratory
company's 25,800
State of Monagas,
trend
found
at
feet.
25
$0.18
$0.49
,1
i'
4,581
250
and
Electric
Co.
(&
Subs)—Earnings1946
I
Provision
i'or
depreciation
Provision
for
taxes—Federal
Federal
Other
and
Gross
Income
in
the
Net
excess
and
$10,020,000
being
common
Company has filed
shares
6,800,223
test
p.
wells
as
is
and
near
comprise
1,83*6,207
underwriters
3,852,266
per
4V2">•
warrant
convertible
at
the
the
in
Exploration
company's
scheduled
are
for
elect
esti¬
The
to
acres
The
stock
at
150,000
are
together with $22,500 if all of the
purchase 45,000 stock purchase warrants at 50c
will be added to working capital.—V. 163, p. 2298.
years
on
Pittsburgh & Lake Erie RR.—Earnings—
7,091,081
Period End. Mar. 31—
$2,236,971
$2,927,271
$5,961,077
$7,694,882
expenses
2,935,951
2,446,570
7,198,362
7,017,608
"Railway tax accruals-_
$1.51
of
and
company
its
subsidiaries
for
facil.
rents
$$1,237,285
1
'
or ?4®''
the
tNet
Other
197,158
1,264,006
Cr599,952 Crl,876,393 Crl,559,147
the
Total
kwh., a decrease
from the corresponding week of 1945,
income
$249,281
$455,736
$441,950
14,920
21,037
60,198
76,075
$264,201
$476,773
$502,148
$1,048,490
8,013
125,920
Cr510
270,550
3,400
3,400
10,627
10,176
$252,788
oper,
ry.
$347,453
$492,031
$767,764
income
income
Net
deductions
fixed
charges
item
•
published
in
the
"Chronicle"
$972,415
of
Files
"^Includes Fed. inc.
profits
excess
tIncludes
and
Philadelphia Electric Power Co.—Files Refund. Plan
stock will be redeemed at $105 a share.
plan for refunding the entire long-term debt and
outstanding pre¬
ferred
jstock of the company was filed April 19 with the SEC by the
company and its subsidiary, the Susquehanna Power Co.
—V.
,J;ectr.ic Power would seil 330,000,000 of first mortgage bonds, due
'
at competitive bidding and sell $12,000,000 of 10-year serial
n°te® to hanks and
f
425,155
0331,185
$100
.
163,
p.
1946
due
to
Entitled
mon^ Phi^^^ Electric for $3,000,000 cash, the
aggregate par
f .Eieetric Power's outstanding long-term debt,
consisting of $29,731,000
mortgage gold bonds, due 1972, will be
f
at principal amount plus accrued interest and
carry-back adjustment amounted
date
r
.
:
v
On or about Aug. 15, Electric
cutetending shares ($25 par) 8/v
d
,-V. 163,
p.
e
a
5%%
706,150
\o
784.
ferred Stock
and
Serial
27,500 shares of 3.65%
Notes
Co
Places New Pre¬
Privately—An issue of
preferred stock and $1,500,000
from
Net
Water
$386,364.
-Earnings—
$124,314
30,447
30,442
47,226
13,082
25,003
16,228
27,872
426,509
348,955
401,440
316,040
ELECTRIC
117,452
85,962
127,492
105,430
1945)
89,518
64,968
97,109
64,583
Shawmut
ry.
Gross
oper.
from
Net
from
Net
ry.
&
Northern
1943
income
$90,368
1944
1943
$115,801
$141,126
11,775
"2,970
RR.—Earnings—
1945
$107,510
1946
From Jan.
16,132
15,187
.
5
1,445
„
.
3,952
33,113
.
,
19,049
1—
railway..
railway...
oper.
with
old
income—_
of
each
old
267,363
share
for 3.60%
1,
1946,
stock,
payable
less
quar¬
offering
is
the holders
of
the
out¬
preferred
5%
of
new
preferred
stock
issued
in
ex¬
•
the
stock.
preferred
the
CONSUMMATION
railway
railway
101
The cash payment is eqi*al to the
offering price of the new preferred
stock and $105, the current redemption price per share
of old pre¬
ferred stock,
plus an amount equal to the difference between the
dividend payable on the share of old preferred stock surrendered, and
the dividend payable on the new preferred stock received in exchange
therefor, in each case to June 13, 1946, the date on which the out¬
standing unexchanged shares of old preferred stock are | to be re¬
deemed.
The exchange offer of the new preferred stock will expire at
3 P.M., C.S.T., on May 10,
1946.
21,912
from
Net
Philadelphia Suburban
shares
between
1944
_ _
MarchGross
$5.43
for
difference
163, p. 1732.
Pittsburg
of
change
premium.
would redeem all its 480,000
cumulative preferred.
The redemppar P*us accrued dividends and a $3 call
premium.—
bid
March
from
stock the right to ex¬
the basis of one share
of new preferred stock for each share of old preferred stock held.
In
connection
with such exchange, the company will make a cash pay¬
redeemed Aug. 1,
Power
OFFER—Company
148,185
standing
$126,633
income
oper.
ry.
dividends
redemption.
of
1945
Grpss from railway
/NM from railway
Net
Ripley & Co.,
share.
a
1,
$121,244
.
—V.
share, less com¬
in
$148,613
-
bid of S100 a
a
than
less
1946
,
on
Sept. 1, Dec. 1 and March 1.
Redeemable, at option of
whole at any time or in part from time to time, upon
30 nor more than- 60 days' notice by mail and by pub¬
lication, at $103 per share if redeemed prior to March 1, 1951; $102
per share if redeemed on March 1, 1951, or thereafter prior to March
1, 1956; $101 per share if redeemed on March 1, 1956, or thereafter
prior to March 1, 1961; and $100 per share if redeemed on or after
March 1, 1961; in each case plus dividends accrued and unpaid to the
509,700
^itfsbiM*?. & Shawiiiiit RR.
Net. ry ; oper: income
Harriman
of $1.90
cumulative
to
company,
From Jan. 1—
com¬
a
and
terly June
1732.
fronftep41way
NeMffm^iiwy
Power.
W®r> av1S0 would sell a maximum of 120,000 shares of
for
Co.
&
April 26
a share for soliciting exchanges of the new stock
preferred.
Glore, Forgan & Co. headed a group that
3VL>'/
rate, less compensation of $1.59 a share.
Kuhn,
$1.40
bid
Loeb
awarded
was
of
outstanding
ment
281,700
u! »"M& gch-4 f 7' z b
.
company also would issue 242,000 shares of common
a5grcgate Par value of $6,050,000 in exchange for
V". iemand notes now held by Philadelohia Electric Co.,
Electric
parent of
0479,280
award
taxes
liCredit in
w
Vii
issue
for
^Deficit.
A
insurance companies.
related
cumulative preferred
($100) and accrued dividends. The offering
subject to an exchange offer under which holders of
the present 5% stock have the right to exchange their
148,186 shares on a share-for-share basis for the new
stock with cash adjustments. Unexchanged shares of old
change such shares for new preferred stock on
&
taxes
wage
"i
of Indiana, Inc;—Preferred stock
Co.
150,000 shares of 3x/2%
EXCHANGE
income
""
ni I
•
Service
Offered—The First Boston Corp. and associates on April
not
April 29,
Refunding Plan," refers to the Philadelphia Electric
Power Co. and not to the
Philadelphia Electric Co.—V. 163, p. 2297.
•
entitled
.
.1732,.
Public
,ApFU 27' 194e- amounted to 123,840,000
^
called for redemption on June 1, next, through
sinking fund. $400,000 of 4% sinking fund deben¬
1949, at IOIV2 and interest.
Payment will be made
Irving Trust Co., trustee, 1 Wall St., New York, N. Y.—V. 163,
the
at
p.
$677,274
624,917
Cr673,890
jt.
&
Miscell.
this
$480,701
t$698,980
Cr274,371
Total
cf
from ry. oper.
rev.
$1,148,318,000.
S. bond hold¬
estate properties
1,
compensation
Weekly Output—
output
revenues
oper.
$16,532,814 $15,004,276
$1.68
basis
oper.
Railway
Net
real
the
of
Dec.
due
tures
pensations
1946—3 Mos.—1945
Railway
Equip.
stocks
the
1946—Month—1945
to
$18,601,000 in U.
is
Underwriters
$10).
$19,558,000
by
of
stock at par
With"SEC—
(par
increase
an
has
company
operation
in
to
share,
a
30 offered
proceeds,
increased
also
reports
during the quarter and the sale of 77
net figure of $1,243,000.—V. 163, p. 945.
Public Service Co. of Colorado—Partial Redemption—
4,706
acreage
this
force
in
company
at
progressing
is
869,603
$33,275,000 during the
M. A. Linton,
over the cor¬
to
amounted
company
of
This
Insurance
The
in
being cemented in the
as possible.
Additional
is
7%—
this
1946, according to figures released by
represents a gain of more than 70%
responding period of last year.
was
portion
upper
of
business
quarter
ings
2298.
preferred
Net
Netf
first
the
Gas
encountered
was
soon
block.
of
It
which
Venezuela.
thickness, with an
has been penetrated.
Casing
a
the
of
earnings
of Procter & Gamble Defense
English and Canadian companies.-—
earnings
exclude
Provident Mutual Life Insurance Co. of Philadelphia-—
in
concession
gross
degrees
made
Co.,
registration statement with the SEC for
a
Hayden, Stone & Co.
share
common
both
electric
and
Fields
Eastern
sand,
this
on
exploitation
sand
feet
35
remainder
163,
8,331,831
8,843,487 shares outstanding
at the dividend record
date, March 1, 1946, and after deducting divi¬
dends at $1 per share on
1,685,743 shares of $1 dividend preference
common stock
outstanding at that date.
The
oil
600
Oil
Venezuelan
oil-bearing sands with
This well is located on
America.
in
Piper Aircraft Corp.—Registers
$18,701,582 $17,173,044
2,168,768
2,168,768
preferred stocks.
for
South
first
be
thick
Grande
portion.
will
on
tax
$1,593,000.
figures
the
and
income
tax of $639,000; 1945 Federal
profits tax of $909,000; 1944
full settlement of patent liti¬
of $10,420,000 and net excess
163, p. 659.
The
per
"Stated
Venezuela
8,790,418
6,281,859
available for
"Earnings
renegotiation
income, will
on
taxes
Phillips
Barbara
from
started
the
on
of
date
to
of
Corp.
V.
Federal
1943
of
New Business Up
1945
$24,983,441 $24,264,125
income
Balance
test
1,762,637
deductions
on
1945
for
cents per share,
liability
production.
oil-bearing
lower
flowing
now
4,032,076
local
its
Federal
discovered
the
zone
net
6,713,167
income
Dividends
well
Venezuela,
ranges
8,509,582
Federal
State
cf
oil
9,059,259
income
profits
excess
61
or
that
for
Mata
acre
and
gas
early date.—V.
an
Operating revenues and other utility income...$101,150.892 $99,878,625
Operating expenses, including maintenance
46,090^730 46,003,555
I
test
discovered
feet
and
feet
a
are
Eastern
Philadelphia
12 Months Ended March 31—
1
in
tax
President.
Jusepin-Santa
the
of
degrees
well
wells
•
the
oil
An
gravity
429,453
429,453
share
163, p. 2297.
of
reserves
satisfactorily
%■;
credit
prolific
largest oil
$79,087
$212,098
shares
per
the company
subsidiary,
indications of
the
—
taxes
common
of
appropriate
has
mated
%
after
the
1946
,Net profit
;;
gation;
profits
of 167,263 shares (the applicable
exchange) of the common stock of
Net profit after taxes from the sale
approximately $3,000,000
opinion
income
1943
1944
1945
1946
March
of
tax
sale
one
promising
QUarte* Ended March 31—
Net
,!■
the
for
Gross
materially affect net income.
The
Pfelffer Brewing Go.—Earnings''
is
was
from
two
Pipe Line Co.
1945,
the
I
the
wholly-owned
2648.
p.
$1.86
gasoline taxes collected
or
Governments.
not
shares
outstanding prior to the split-up, payable June 10 to holders of record
as
of May 24.
The previous payment was 50 cents on March 9.—
a
State
for
held.
directors
and
$4,175,000 profit
this stock
2012.
p.
com.
NOTE—All
inter-company business
before
tit
„
for
$9,145,297
$0.86
Federal
Panhandle Eastern
of
the company's recently
will be built at
earnings—1$15,061,909t$14,662,978t$13,884,014t$15,327,845
share.
$2.32
$2.22
$2.10
$2.32
net
per
"After
9,363,551
$4,244,932
number
been
by
option at
England.
order for 600 50-ton low-side gondola
Ernest Murphy, President, an¬
an
Ry.
The
April 30.
on
"Consol.
Earns,
develop¬
income taxes
includes
authorized by
the holders at the
annual meeting of an increase in the authorized amount of no-par
capital stock, to 1,000,000 shares from 250,000.
Stockholders of record May 24 will receive three additional shares
split-up
the, directors.
branch of
in London,
or
Steel Car Co., Inc.—Receives Order—
Pressed
Procter & Gamble Co.
33,917,727
7,934,788
Federal
include
to
Y.,
N
231.
p.
from
York.
New
9 Mos. End. Mar. 31—
share
per
paid
convertible debentures, series
for redemption on June 1,
and interest.
Payment will be made at any
Bank of Canada, in Canada, or at the holders'
105
the
—V.
outstanding
Dec.
due
A.
acquired
1945
32,880,327
retirements
Federal
not
$3,655,012
162, p. 2952.
on
profit
profit
"Does
69,359
$4,217,549
income
Federal
Net
26,901
1,233,553
charges.
deductions
Other
2012.
p.
$4,977,405
1,253,032
depreciation
Non-operating
.
"Deficit.—V.
2,504,421
$5,507,886
income
general
than Federal
interest
and
fcr
2,302,128
1,390,985
.
taxes
for
nounced
1946
contingencies
depletion, depreciation,
for
Provision
railway— .198,093,525 239,173,029 244,516,270 220,818,357
Net from railway
16,161,814
50,829,698
59,304,175
58,689,725
Net ry. oper. income—
2,809,926
26,346,219
26,326,810 22,864,783
1,242,913
1,648,030
1,755,975
other than income taxes.
Provision
cars
war
costs
1945
1946
$23,456,217 $22,792,694
10.144,696
10,760,109
revenues
Maintenance
Taxes,
ended
Net
from
Gross
for
Reserves
21,757,651
8,655,878
21,494,671
9,359,852
22,835,232
14,520,571
"3,043,558
.
sold,
taxes (other
and
Provision
1943
$70,244,143 $88,151,656 $85,047,568 $78,754,985
.
income
oper.
-Earnings-
$46,357,848 $56,071,576
products
income)
1944
1945
1963,
debentures
payment
income
expenses,
1946
1,
all
1946,
for
Phillips Petroleum Co.
Cost
March-
operating
The
ONLY
COMPANY
FOR
Total
made at the New
New York, N. Y.
2188.
p.
12 Months Ended March 31—
All
redemption may be obtained by
holders at the office of J.
P.
Morgan & Co. Incorporated, trustee,
23 Wall St., New York, N. Y.—V. 163, p. 2298.
"Deficit!
EARNINGS
30,
3%
Quarter Ended March 31—
!
162,
Potomac Electric Power-
1946
Philip Morris & Co., Ltd., Inc.—Calls Debentures—
1946—3 Mos.—1945
"3,100,173
1,551,000
oper..
31
Co.,
Trust
—V.
depreciation.
or
MARCH
out of uji$157,450 first mortgage bonds due Nov.
interest.
Payment will be
corporate trustee, 100 Broadway,
accrued
May
Net
OF
AS
redemption on June 3, next,
and
100
at
Redemp¬
Inc.—Partial
Theatres,
for
called
Power Corp. of Canada,
88,309,783 198,505,678 239,630,044
65,541,097 182,484,308 188.948,947
70,380 860
73,481,033
revenues..
expenses.
retirement
p.
England
been
have
1958,
York
RR.)
$
$
Ry. operating
E.
&
1946—Month 1945
693,710
416,632
1732.
due
notes
other
1,938,803
635,322
expected sinking fund monies,
liabilities, $17,494; unamortized premium on
debt, $740,679; main extension deposits, $304,573; reserve for retire¬
ment, $4,252,623; other reserves, $236,257; capital surplus, $1,460,844;
earned surplus, $2,809,939; total,
$33,333,006.—V. 163, p. 2298.
Pennsylvania Railroad Regional System—Earnings—
(Excludes
serial
$134,420;
1871.
Period Ended March 31—
and
SHEET
$762,097
$764,444
$619,450
bonds 3 lA %
Series due
1971, $16,subsequent to 3/31/47, $600,000; common
stock, $2,500,000; 6% cumulative preferred stock, $3,200,000; serial
notes due prior to 3/31/47, $150,000; consumers
deposits, $22,809; other
current liabilities, $36,016;
accrued taxes, $492,353; accrued interest,
2,192,071
6440,428
railway
railway
46,085
163,
Poli-New
550,299
$623,830
maintenance
LIABILITIES—First
375,000;
From Jan. 1—
Gross
552,908
Cr36,864
ASSETS—Utility plant, $29,336,885; cash, $1,784,832; U. S. Govern¬
ment securities, $1,322,806; accounts receivable, $155,725; materials and
supplies, $136,459; other current assets, $204,999; prepayments, $17,751; unamortized discount, expense and call premium on retired bonds,
$103,721; unamortized expense on outstanding funded debt, $144,637;
unamortized cost of past service benefits—employees' retirement income
plan, $117,318; undistributed debits, $7,874; total, $33,333,006.
Pennsylvania Reading Seashore Lines—Earnings—
March—
divs.-_
BALANCE
2518.
p.
551,409
Crl0,742
_
for
"Includes
Mass.—
Boston,
Office Square,
Post
10
or
avail,
Bal.
1,755,312
584,062
441,544
785,856
15,398
tion—
"Deficit.—V.
315,035
C'r4,289
charges
2,054,644
"2,10.5
1,088,145
15,
for
called
been
$2,761,661
.
income—
oper.
$1,168,697
_
"8,438
1,009,656
_
railway
from
ry.
567,733
taxes--
income
1943
$683,294
252,184
147,660
1—
railway...
from
1,250,032
local
&
1944
$602,160
219,202
156,236
"14,779
income.
oper.
$2,986,462
"Operation
All
redemption on June 1, 1946, $100,000
of iirst mortgage 3Va % sinking fund bonds due June 1, I960, at 102
and interest.
Payment will be made at the offices of Brown Bros.
.Warriman
&
Co..
1531
Walnut Street,
Philadelphia, Pa., 59 Wall
have
ry.
From Jan.
Net
1943
1945
$753,347
320,580
240,650
railway.—
railway
from
Net
$2,919,376
revenues
Other deductions
There
Net
Net
1944
1945
1946
Corp.—Partial Redemption
Glass Sand
Pennsylvania
from
Gross
Gross
MONTHS ENDED MARCH 31
12
1946
$390,720
March—
used
equipment, etc. (after reserves lor deprecia¬
tion and depletion of $17,654,065), $5,885,616; investment in foreign
subsidiary (50% owned; whose only asset is land, less reserve, $87,000;
deferred charges to future operations, $222,792; total, $11,540,879.
machinery,
Ry.—Earnings—
Pittsburgh & West Virginia
&
on deposit with trustee. $5,500; "sundry investments and deterred
VeceiVftbles (incl. claim for tax refund, SI,010,000), si,011,582; land,
cash
buildings,
Monday, May 6, 1946
CHRONICLE
THE COMMERCIAL & FINANCIAL
2446
UTILITY
company,
per
share
SERVICE—On
the
OPERATIONS
TO
1945 (effective Sept. 1,
in a program to limit its
sold all of- its gas and water
TO
PROGRAM
OF
as
Sept.
principal
LIMIT
17,
step
operations to electric utility service,
utility properties (all Icoated in Indiana), and related assets, and its
ice property at Sheridan, Ind. to Indiana Gas & Water Co., Inc.
In¬
diana Company is a subsidiary of the company organized July 16, 1945.
During December 1945, the remaining ice manufacturing, plants of
the company located in Huntington, Noblesville, West Baden and Roch¬
ester were sold or otherwise disposed of to non-affiliated interests.
Following consummation of the foregoing transactions the
only
remaining non-electric operation of the company consists of a com¬
mercial hot-water
heating1 system in the central business area of
Lafayette, Ind.
303,914
347,149
364,457
22,089
16,767
40,997
81,476
of
"20,751
"24,669
2,662
42,213
conditions
Indiana
The
to
Company has been authorized by the P. S. Commission
such heating service at (or under certain
the close of the 1946-1947 heating season.
discontinue
before.)
company
intends to
dispose of its investment in the common
:%:£
*M*L*
"I
Volume 163
Number 4487
stock of Indiana
'
2447
earliest date consistent with the
K
central, central and southern
service in areas located in 70
of the 92 counties in Indiana,
The territory served is a residential,
agricultural and widely diversified industrial territory with no one
industry accounting for more than 5% of the company's total electric
revenues.
The mining of coal, the milling, of steel, the manufacture of
automobiles and automobile accessories, the manufacture of structural
aluminum shapes, cement, metal products, rubber products and paper
products, the transportation of petroleum and the quarrying and mill¬
ing of stone are among the more important industries served by the
best
UNDERWRITERS—The
the
Company at
interests of
the company.
„
company operates in the north
portions of Indiana, furnishing electric
of the underwriters and the numbers
names
'Of shares t<5 b^ purchased" from selling -stockholders are as-follows:
The
No. of shs.
'
Link, Gorman & Co.—
17,500
Brailsford
17,500
Kalman
Straus
Co.
&
Shillinglaw,
&
&
Bolger
& Co.
Company, Inc.
10,000
10,000
Blosser.——
Herrick,
Waddell
Co.,
&
7,500
INCOME STATEMENT FOR CALENDAR
1945
CAPITALIZATION GIVING
FINANCING
TO PRESENT
EFFECT
Gross
First
mortgage bonds, Series F, 3Ve%, due Sept. 1, 1975— $48,000,000
notes
maturing serially 1946-1955
12,500,000
4%
notes
maturing serially 1946-19611,216,000
Cumul. pfd. stock (authorized 300,000 shs. par $100)
15,000,000
21A'/(l
stock
(authorized
UNDERWRITERS—The
percentage
each
are
of
shs.
2,000,000
Name
(Inc.t
15.0333
Mellon Securities Corp
C. Allyn & Co. Inc.—
15.0333
A.
Harris, Hall & Co. <Inc.
7.3333
7.3333
i_
Hemphill, Noyes & Co
7.3333
The
7.3333
Milwaukee
Salomon
Bros.
Coffin &
Co
0.7333
0.7333
Co., Inc.
3.6668
Burr, Inc
Stone
3.6668
Hawley, Shepard and Co._
Martin, Burns & Corbett,
Raffensperger, Hughes
Co., Inc. —,
0.7333
Woodard-Elwood & Co
Inc.
EARNINGS FOR
$434,802
15,404
$564,909
$465,442
3,087
1,306,809
Maintenance
256,820
Prov.
for
depreciation
488,700
463,199
2,816,502
2,715,376
Prov'.
for
State,
from
taxes—
377,655
375,617
2,095,105
paid
normal and
excess
♦Other net oper. income
profits
&
163,
Excess
1,346,000
5,718,680
income
Amort,
$1,038,616
$5,944,210
$5,479,849
11,717
18,694
87,540
104,677
$1,445,685
$1,057,311
$6,031,750
372,856
2,057,661
of debt
57,891
353,938
347,176
discount,
A. Communications,
Misc.
int.
Net
&c.
Cr8,966
deducts.-
income
♦Gas,
Cr93,033
Cr88,076
5,451
61,744
46,714
3,515
$1,075,696
$630,078
$3,651,438
$3,032,599
and ice properties for periods prior to dates of sale in
portion of premium and expense applicable to long-term
debt refunded in 1945.
£The provisions for Federal excess profits taxes
1945.
water
Total oper.
expenses
have
been
taxes
tax
restated
(recorded
in
of
purposes
facilities.
above
1945
year
Such
of
in
order
$602,000
a
December,
the
in
19451
resulting
depreciation on
accelerated
tax
reflect
to
reduction
reductions
amount
to
proration
Federal
from
profits
deduction for
the
certain
the
over
excess
war
emergency
$100,000 for the two months
ended
February 28, 1945, 8502,000 for the twelve months ended February 28, 1946, and $100,000 for the twelve months ended
February 28,
1945.
Consequently, the net income as shown above for periods prior
to
1946
differs
from
the
net
income
previously
163
p
oper.
Other
mechanical
is
always
to arrange
companies in exact alphabetical
However, they are always as near alphabetical
position as possible.
$536,505
$846,705
has
$1,009,642
4
27,401
13,522
30,284
$550,027
$878,989
inc.—Non-comm.—
Z)r4,969
Dr3,511
£»'6,588
income—
$441,702
$546,516
$872,401
company's
Bids
will
office,
be
1087
received
Elm
up
12 noon
to
Street,
(EDST)
12,231
8,889
20,768
Manchester,
N.
May
H.—V.
to
15
reduced
chamber
containing
normal writing,
of
years
weight,
shorter length aiid
ord.
Net
income
$429,471
Extraord.
inc.—charges.
$537,627
inc.—Credits-
29.
equal installments,
The
Ark.,
and
be
used
most
alumina
Jones
beginning in 1948.
enlarged
operations
finance
to
important
plant,
these
of
aluminum
Ark.,
Mills,
associated with
Atlanta, Ga.;
10,125
9,600
20,250
and
plants
reduction
aluminum
an
are
$831,383
329,200
Co.,
Natl.
$1,001,226
—V.
Va.;
Bank
the
made
earned surplus..
163,
$253,246
$146,189
$502,183
at
has filed
registration
a
cumulative
preferred
statement
stock
(par
with the SEC
for
15,000
Underwriters
$50).
annual
Increased
report
Net
before
income
profits
Report for Year Ended
W. Brown, President, revealed
that passengers carried on the
and
with
stances
profits
a
the
from
.
<
,
1945
credit
of
Federal
of
and
in
The
the
of
in
applicable
excess
and
war
tax
a
1945
tax
for
notable
most
with
an
mon
stock,
circum¬
the
sell
with
increase
in
revenue,"
Mr.
as
for
revenues
'/$19i987,900;
1945
amounted
to
thracite. $19,260,697
against
stated,
"was
FOR
YEARS
ENDED DEC.
par
Exchange
Delaware company of the same
Exchange voting trust certificates
a
shares.
Commission on March
common
all
of
capitalization of 2,080,376
which would be distributed
1946,
1,
ap¬
the Hope Engineerihg
incorporated in Textis
shares of $1 par com¬
stockholders of
to
the
following which latter would be dissolved.
Under
Engineering Co. would make capital adjustments and
company,
Hope
and
„
distribute
its
of
interest
stock
the
on
holder
161,
All
in
basis
of
99
share
one
of
Hope
the
shares
new
of
Texas
Texas
Engineering
to
company
stock
company
stock.-^-
common
1028.
p.
the
of
& 3¥2 % Bds.
first and refunding mortgage bonds, series
have been called for redemption on July 1. 1946,
at
100 and interest,
and all of the outstanding 25-year 2%% first
and refunding mortgage bonds, series E, due Oct. 1, i960, have been
called for redemption on Oct. l. 1946, at 100% and interest.
Payment
will be made at the Union Trust Co. of Rochester, trustee, 19 Main
Street, Rochester, N. Y., or at the Bankers Trust Co., 16 Wall Street,
New York, N. Y.
due July
F,
against
$11,630,743
31
outstanding
1,
1961,
Said
first and refunding mortgage bonds
of both series
immediately presented for redemption and payment.—V. 163,
6
1945
1944
109,351,509
115,793,964
163,
$1
Rochester Telephone Corp.—Calls 27/s%
$22,423,256.
ACCOUNT
INCOME
of
and
stockholders
each
V.
in 1944; bituminous coal revenues,
$20,019,879
against
merchandise
$53,292,570
against
$57,779,648,
and 'an¬
$10,431,501
(Tex.)—Reincorporatedrr-
amounting
1944
Brown
•V5
number
authorized
plan.
its
traffic, which continued upward throughout the year,
height in December when troop movements were about
great as during the actual war period."
its
l,lt)l,$2
1,795,297
Curb Exchange on April 23 approved the listing f'bf
certificates (expiring 1956) representing 2,080,376 shares
value common stock of this corporation which succeeds
Securities
Delaware
$12,466,009.
passenger
9,018,313
5,424,623
868,103
similar
The
contrasted
operations
par
a
to
bill
9,640,918
5,366,816
1,540,134
187,919
proved a plan of the Delaware company and
Co. whereby the Delaware company would be
Brown
together
472,451
569,821
a
plan of reincorporation
having listed on the Curb
consequent
the
which,
283,049
4,309,457
for
credit.
to
profits
special
trust
under
Fed¬
Mr.
$3,129,426
8,984,221
name
com¬
the
to
facilities,
war
and
income,
1943'
1944
$3,321,603
1,835,249
York
New
$1
of
from
$10,622,756
to
net
attributable
resulted
$8,999,842
income
rise
RR.—Earnings
1945
$3,123,235
7,149,898
2,459,530
1,044,011
railway
railway
income
163, p. 1771.
oper.
voting
shipments,
Federal income
in
Potomac
&
Rio Grande Valley Gas Co.
however,
adjustment
amounted
This
end
amortization
of
times
.
$2,497,810
564,168
177,439
from
ry.
—V.
anthracite
amortization
taxes,
in 1944.
large
part
refinancing,
a
after
year,
excess
in
is
of
and
operations,
adjustment and
to
$13,518,594
declined
$7,441,589
resulting
tax
merchandise
in
amortization
adjustment
cost
other
and
passenger
taxes
the
for
income
income
explained,
on April 26 took no dividend action
Distributions of 25 cents each were
1946
from
Net
1944.
in
$19,907,598
pared
declines
by
excess
eral
from
revenues
offset
net
McCock,
Manhattan
From Jan. 1—
Gross
Annual
Co.—48th
1945.—Revelle
31,
and
the
Sept. 29 and Dec. 31, last year.—V. Ifj3,
Fredericksburg
railway
from railway
ry. oper. income
Net
are
Reading railroad in 1945 traveled a total distance of
597,000,000 tniles, or more than three times the pre¬
war rate.
The report further showed:
and
$1).
(par
31, June 30,
1872.
from
Net
Reading
were
meeting held
a
stock
March
March—
Pierce & Co., Inc.
Proceeds will be used to finance in part
acquisition of the stcck of the predecessor company.
the
of
Richmond, Va.; State-Planters Bank &
Va.; The Central National Bank of Richmond,
Bank & Trust Co., Louisville, Ky.; Liberty |
Co., Louisville, Ky.; The Louisville Trust Co.,
Trust
capital
on
Gross
Rauscher.
in
Bank
Lincoln
&
1771 and
pp.
$271,676
Radford (J. M.) Grocery Co., Abilene, Tex.—Registra¬
of
the
2013.
p.
tion—
shares
Troutdale,
at
Bank of Virginia,
Richmond,
The directors
729,560
transferred
inc.
Hurricane
at
mill
Reynolds Spring Co.—No Dividend Action Taken-
166,100
on
Net
the
plants
sheet
19,200
$535,469
389,280
inc..
net
tHe
for
Louisville, Ky.—V. 163, p. 1575.
8,442
$419,346
from
t
v
Trust
$1,011,994
$851,633
7,442
income
Net
,,r
,
Company in the
making of the loan are: National Bank of Detroit, Detroit, Mich.; Bank
of-America, San Francisco, Calif.; Peoples National Bank,;;Pittsburgh,
Pa.; First National Bank of
Chicago, Chicago, 111.; First National
Bank of' St. Louis, St. Louis, Mo.; First & Merchants National Bank
of Richmond, Richmond, Va.; Citizens & Sout.h'n Natl. Bank of Atlanta,
17,487
fr.
Extraord.
2V3
on
ink
pressure
10
for a $12,500,000 loan from a banking
Bank of the Manhattan Company, it was
The loan is for a term of six years and'is
the
by
will
leased.
Banks
$1,029,481
ord. income
ord.
"The
bids for the purchase of common shares, at an
of $5,000,000, the number of shares to be determined
price
for
arranged
April
funds
Ore.,
$1,037,043
Drl,562
reaching
Company is inviting
p.
409,461
14,478
income
Passenger
bidders.
has
on
Richmond,
in
Public Service Co. of New Hampshire—Bids Invited—
controlled
a
sufficient
headed
in five
The
Creek,
$2,051,477
1,041,835
$446,671
Gross
not
possible
at
$432,193
income—
comm.
Deducts,
to
it
reasons
order.
by the
731,514
$2,349,186
1,500,481
___
with
aggregate
$1,035,966
revenues—
Operating
A
NOTE——For
of
Reynolds company and to provide additional working capital for the
company's operation of Government-owned aluminum plants which it
1946—2 Mos.—1945
$1,163,707
the
reported —V.
2164.
schedule
month, the announcement
v'<•V*
in.Net
+For
calendar
production
next
■" v
styling featuring
balance.—V.
163, p. 2013.
payable
Inc.—Earnings—
1946—Month—1945
revenues—
Dec.
and exp. (net).
chgd. to construe-
prem.
Int.
$121,161
>
Period End. Feb. 28—
2,246,112
60,553
debt-
its
meet
early
*
the
quota
Reynolds Metals Co.—Arranges Large Bank Loan—
$5,584,526
305,919
income
long-term
on
$126,293
women;
fluid
of
syndicate
Net
$1,433,967
(net)
for
overall
new
Company
297,905
.
2,500,000
operating
income
Gross
Int.
309,<530
2298.
Company
Net
25,019
*
375,082
$153,003
Total oper.
1,085,396
1,685,000
to
able
planned
•
Richmond
138,000
1,151,000
667,000
tax
tSpecial charge
Other
and
tsxGs*
profits
is
company
daily
and
men
supply
a
5,703
21,277
1,812
32,556
taxes
+.—
p.
C.
R.
exc.
and surtax.—
Normal
$12,283,925
$2,327,616 $11,475,210
$2,100,967
income
3,408
surtaxes
profits
profit
to
Total
^Federal
,
for
a
retractable
use;
announced
Net
$2,106,294 $10,814,156 $11,176,022
221,322
661,053
1,107,902
$2,100,967
income
deductions
Federal
Deducts,
operating
'»'
addition to utilizing a new printers' type ink, the pen features
cap which slides over the ball-point when It is not in
Interchangeable tops, making the pen convertible into models fbr
In
a
better
income
Federal
2,035,436
Net
operations
income
local &
Federal
misc.
distributors.
and
4,159
Ord.
28
$4,798,234 $26,943,360 $26,801,728
302,891
1,414,652
1,878,303
1,328,400
8,042,305
7,570,233
221,831
1,760,637
1,426,356
148,844
operation
&
units
'
$450,207
857
the
until
both
1946—12 Mos—1945
1946—2 Mos—1945
$4,679,797
revenues
Operation—power pui'ch.
Other
$492,898
12,544
0.7333
12 MONTHS ENDED FEB.
AND
2
Period End. Feb. 28—
Operating
8,836
Profit
Other
0.7333
1.4667
Co
&
Edward D. Jones and Co._
1.4667
Hayden,
282,429
$556,072
50,000 dealers
a
backlog of orders totaling more than $5,000,000
model, the product will be distributed to dealers on
said.
$2,664,311
1,947.079
—V.
Incorporated
1943
292,187
of
With
30,000
'
.
2,023,667
1.1000
1.0000
Johnson, Lane, Space and
5.5000
Hutzler_
&
%
1.4667
1.4667
1.1000
Name
Wachob-Bender Corp
Weeden & Co
Laird, Bissell & Meeds—
Patterson, Copeland &
Kendall, Inc.
H. F. Boynton & Co., Inc.
The Bankers Bond Co.
network
new
YEARS
1944
$2,768,753
Total
%
15.0333
etc
announced.
is
•basis
402,141
Miscellaneous
The First Boston Corp
Central
Republic Co.,
Beginning April 28 and extending through May 28, the company
inaugurate a cooperative advertising campaign whereby Reynolds
will pay half the cost of each insertion
made by its nation-wide
will
less purch. discounts-
Cost of sales,
Interest
be
to
it
5,500
Selling, gen. and admin, expenses—
purchased by
stock
preferred
new
follows:
as
discounts
less
Sale-
on
6,000 retail outlets, including 12 of the New York area's
introduced the new Reynolds "400'' pen on April 29,
7,500
$2,920,496
1,962,282
principal underwriter and the
each
of
name
unexchanged
27,694,445
par)
no
sales,
More than
largest stores,
<
Dolphyn —5,000
Berwyn T? Moore & Co.,
' » '
Inc.
;
5,000
Irving J. Rice & Co.-,5,000
,
Inc.
Reynolds International Pen Co.—New Pen
;
No. of shs.
Sills,*Minton St Co., Inc..
O. H. Wjbbing & Co.—
Mercier, McDowell &
17,500
company.
Common
-
be
may
2164.
p.
2298.
Total
Electric
for
tion
the
of
output
the
week
operating
companies
railway operating revenues
of
Maintenance
Public Utility Engineering & Service
Corp.—Output-
served
by
this
corpora¬
+17,224,334
Traffic
April 27, 1946, totaled 187,369,000 kwh., as
compared with 197,311,000 kwh. for the cot responding week last year, a
decrease
General
39,911,060
445,892
Transportation
of
ended
5.0
V.
163,
p.
2298.
Queen Anne Candy Co.—Stock Offered—Mention was
made in our issue of April 29 of the offering of
108,000
Miscellaneous
Net
Railway
common stock (par $1) at
$5,125 per share by
banking group headed by Link, Gorman & Co.
The
stock is being sold in behalf of certain stockholders.
other
Net
Total
Transfer
cago.
agent:
Illinois
First
National
National
CAPITALIZATION
Bank
Bank
of
DECEMBER
&
Trust
Chi¬
Deductions
stock
(par $1»
mortgage 3'k
♦Paid
shares
5,000
mon
stock
mon
stock
issued
stock
bonds
of
$19,485
$1),
419,656
1,206
shares
of
the
previously
authorized
com¬
authorized
at
the
each share of the previously
HISTORY
rate
of
90
shares
of
the
new
stock
—
2,380,000
4,641,933
other
tree-nut
covered,
parfait fudge centered, full milk
caramel
bodied, 5 cent and 10 cent bars (designation denoting retail pricei,
Vz pound to 3 pound logs,
and other pieces of assorted sizes, its
5 cent chocolate, raisin and peanut bar,
a
peanut covered caramel
bar,
a
miscellaneous and minor
including
cent
1
mixed
or
ounce
pecan
5 cent
chocolate,
piece
to
its
10
pieces,
nut and
other
and salted
tree
in
transf'd
profits,
credit
Pennsylvania
and
result
as
of
in
of
Federal
two-for-a-penny
company's production.
All sales of packaged
discontinued by the end of 1942, and all sales in bulk ter¬
June, 1945, by the end of which year the company was
producing only the above four items. Nevertheless, the demand for the
company's products upon which it is concentrating continues to exceed
what the company can produce with the materials available to it, and
although marketing only these items, the company has been able to
maintain its dollar volume of sales.
,
York.
at
will
accrued
ip-
made upon presentation and surrender
Trust Co, of New York, 140 Broadway,
2299.
be
the Guaranty
Y.—V.
N.
163,
p.
income
corporate
amortization
taxes
adjustment
and
SIMPLIFIED
BALANCE
DEC.
SHEET
S.
property
from
Net
ry.
Fuel
'J
ties and
rail,
other
other
stock
material
'i
assets
-
Capital
Bank
$
from
Net
ry.
—V.
6,000,000
2,776,651
loan
other
"388,592,492
Total
reserves
deducting
for
232.
1944
1945
1943-
$1,453,054
885,438
97,459
$1,821,154
$1,965,822
1,093,856
291,095
253,415
5,452,516
5,139,292
2,786,663
2,630,100
4,457,968
2,724,069
797,959
742,673
677,861
869,700
233,619
941,773"
railway
income
oper.
163, p. 1907.
The
York.
to
N.
an
until 3
Y.,
it of
p.m.,
May
first mortgage
sufficient to
5%
1,
1946, offered to receive bids for the
50-year gold bonds dated July 1, 1905,
the sum of $20,658 available .for
exhaust
amount
such purpose in the sinking fund.—V. 163,
40i;3^;264
p.
2299.
St. Louis-San Francisco Ry.—Earnings—
'
1946
March—
Gross
Net
16,667,884
from
ry.
1944
.
1943
$9,090,460
2,693,538
1.615,114
1,194,499
3,443.755
2,135,265
22,859,158
2S,516.674
27.251,661
24,825,491
1.222,822
income.
$9,418,559
♦1,683,445
railway
oper.
1945
$7,761,113 $10,041,003
♦1,081,009
3,432,892
fronr railway
Net
9,314,163
7,877,137
8,678,935
4,459,044
4,011,055
5.562,888
From Jan. 1—
Gross
401,303,264
in 1945 and $96,840,315 in 1944
amortization.—V. 163, p. 2299.
$113,461,066
depreciation and
Mountain & Pacific Co.—Tenders—
Co., successor trustee, 55 Broad St.,-Wew
Tnfst
Manufacturers
sale to
22,843,048' 20,163,685
118,137,879 117,930,781
liabilities
Surplus
♦After
p.
4,451,258
1,657,546
railway
St. Louis, Rocky
It,0^2,357
139,950,850 139,950,850
96,787,964 106,354,034
2,096,100
236,000
and collateral bonds
obligations
Taxes
All
163,
421,489
income
oper.
above.—V.
Mexcio Ry. —Earnings—
$1,545,355
railway
railway
from
Net
1944
•rl',*uL.x
stock
Mortgage
Co.
From Jan. 1—
11,063,775 d'JB/#47,042
9,488,!902<r!'• 8;868;336
21,591','903 '»f7;477;344
388,592,492
Equipment
&
1946
from
Net
31
12,94?;42?
Cash
All
& Power
and
securities
Govt,
Light
March—
Gross
excess
equipment
272,257,719 277,161,625
Property not used in transportation service
12,203,185
12,835,754
Stocks, bonds and notes of other companies—
49,037,581; >59,580,806
♦Roadway
Joseph
Louis Brownsville
St.
amounting
to
and
refinancing
1945
Called—
St.
Gross
ASSETS—
U.
Joseph Railway, Light, Heat & Power Co.—4V2%
See
equipment.
income
LIABILITIES—
Company is now concentrating on its 9chocolate-bottomed pecan bar, and its
of
maintenance
adjustment
Total
cent
raisin and peanut bar, with a small,
Dec. 1. 1947, at 100 and interest.
of the full redemption price, plus
1946,
1,
bonds
St.
expenses.
nuts
in
June
Bonds
maintenance of way
adjustment of $43,541 in
$11,852,139
and
Includes
$14,774,408
earned
to
amortization
structures,
§Credit.
candies,
round out the
goods were
minated
log,
assortment of
and two-for-a-penny
straight packages.
and
of
appropriations
$
BUSINESS—Incorporated in Illinois March 23, 1921,
business in the years immediately preceding 1942 was the
of its nut candy specialties, consisting of its pecan or
company's
income
authorized stock,
manufacture
St.
2,380,000
7,823,100
gross
income
Miscellaneous appropriations of income
for
AND
to
said
New
419,656
surplus—unappr._
of
7,441,589
^Includes
the
$
192,997,757
has called for redemption on June 1, next, all of the
Joseph Railway, Light, Heat & Power Co. first mort¬
company
gage 4 V2 %
bonds due
Immediate payment
526,126
7,398,522
10,622,756
$19,485
the
$
1907.
p.
15,366,237
income
1945.
28,
in
of
income
charges
Income
treasury were cancelled and the exchange of
newly authorized common stock for the 2,412
outstanding shares of the previously aunthorized common
and
was
217,080 shs.
1945, authorized capital stock was changed from
common stock
(par $100)
to 220,000 shares of com¬
(par
held
shares
217,080
Outstanding
220 000 shs.
subsequent to Dec. 31,
NOTE—On Dec.
17,657,828
from
393,914
6,641,158
1945
Authorized
♦First
The
13,372,055
1,994,182
Net
of
Dividend
Common
15,782,019
1,875,809
income
Fixed
Co.,
Chicago.
31,
18,629,413
163,
48,465,92 1 242,221,739
33,102,735
15,762,194
14,473,322
19,825 Drl,101,267
income
Gross
Continental
—V.
terest
operating
non-operating
Further details follow:
Registrar:
61,194,672
St. Joseph Light & Power Co.—Calls 4V2% Bonds—
operations
operating income
railway
1946—16 Wks.—1945
$
Sales
2,058,069
11,860,883
§3,901,311
railway
Railway operating income
Total
1946—4 Wks.—1945
1,001,459
2,201,744
from
accruals
tax
Period End. Apr. 20—
outstanding
shares of
a
operations
expenses
revenue
Safeway Stores, Inc.—Sales Continue Higher—
23,004,982
568,871
structures
equipment
16,269,767
t36,563,804
1,053,747
39,878,126
and
way
of
Maintenance
Net
Net
for
from
from
ry.
railway
railway
oper.
income—
♦Deficit.—V.
I
,
:
«
}f
162,
Ml.
p.
2013.
♦265,186
S: t'
M;
'MM
MM
35!S^
2448
Monday, May 6, 1946
St. Louis-San
1945
1944
■!
income—
ry. oper.
$311,478
112,481
$441,168
254,330
$349,728
164,712
24,423
45,618
73,752
'H-fM,!'./
From"Jam
Gross
from
from
Net
|if
■'•
'•
■-
911,508
1,058,278
170,471
47,190
340,908
81,387
516,341
1,013,193
508,159
238,055
131,295
from
1944
1943
Gross from
$188,089
$209,370
Curtiss, House & Co
5,000
L.
Dixon & Co
2,000
Schmidt, Poole & Co.—
551,715
134,894
First
*204,481
*225,253
*9,310
Simultaneously
awarded' April 30
group
named
included
for
100.159
51
a
dividend
by
on
of
bid
a
100.19.
headed by Smith, Barney & Co.
a
price of 100.63 and a dividend rate of 3.40%; one
Boston Corp. and associates which offered a price of
3.40%
dividend
rate,
and
another by
a
syndicate
Bidding
which
ties
Co.
of
rate
one
a
by
1,214,000
Gas &
shares
of
stock,
common
Electric Co.
These
securi¬
Securities
headed
syndicate
a
Lynch, Pierce,
The
for the
American
Mellon
to
Corp., and Smith, Barney &
Other bids for the common stock
by The First Boston Corp., and
joint bid of $21,319.
by a group headed
$21,099
$20.60
active
being sold by
awarded
their
on
Were
3.45%.
also
was
were
were
by
Kidder,
Peabody
&
Co.
and
Merrill
Fenner & Beane.
53.248
shares
of
3.35%
cumulative
preferred
stock
will
be
the initial class of a total of 75,000 authorized
shares.
They are
to be entitled, in priority to the common stock,
to cumulative quar-
terly dividends at the rate of 3.35%
:
dissolution
$100 per share
and
per
and
annum
involuntary
on
voluntary dissolution to $103.50
per
share or, if voluntary dissolution has been approved by the
holders of a majority of the 3.35%
cumulative preferred stock, to
$100 per share, in each case, plus accrued dividends.
These shares
%
to
are
be
redemable
$1C4.50
at
on
share
per
if
redeemed
before
July
1,
1951, or $103.50 per share if redeemed on or after July 1, 1951, plus in
each case,
accrued dividends.
Guaranty Trust Co. of New York,
New York, N. Y., will be the transfer agent and Bankers Trust
Co.,
New York, N. Y., will be the registrar.
4
4
;
I -A A
to
■J'
the
For
*
stock,
common
and
agent,
Chemical
Irving
Bank
&
LISTING—The company
T"'
best
its
efforts
stock and
to
Trust
Trust
the
New
New
York, is transfer
York, is registrar..
New
if
listing
the
on
Co.,
Co.,
has agreed,
procure
stock
common
requested
of
its
PURPOSE—Net
proceeds
to
be
to
so
to use
do,
cumulative
Stock
York
4,000
Starkweather & Co
20,500
5,0.00
5,000
4,000
Corp.
51,400
Union
20,500
Securities
5,000
Westheimer
5,000
Dean
1.
investment bankers which
by
the
company
from
the
sale
of
the 3.35%
cumulative
preferred
stock
(estimated
at
*V \ * $5,310,909), together with treasury funds, to the extent necessary,
V-2 will be used to deposit with the redemption agent, in trust, cash
required for the redemption of 63,248 shares of $6 preferred stock
'
on
51,400
Co
bid of 101.397.
4,000
Corp. headed a group
May 3 offered to the
Corp.
and
Smith,
dividend rate.
A (to
be
called
for
redemption
at
$110
share
per
together
with
The issue
awarded
was
the Mellon
were:
Corp., 100.539 for 2%s; Morgan Stanley &
Co., 101.979 for 3s, and Kuhn, Loeb & Co., Lee Higgin¬
son Corp. and
Smith, Barney & Co., 101.319 for 3s.
Net
a
proceeds from the sale of ti
bank
loan
of
$1,000,000
will
preferred
e
be
used
stock and
follows:
as
To
bonds
the
redeem
and
101,
at
$10,961,000 first mortgage 4%%
gold bonds, due 1958, of Scranton Gas
& Water Co.; to'redeem at 105, $7,800,000 first
refunding mortgage
5% gold bonds, due 1965, of Springbrook Water
Supply Co.; to Re¬
deem at 102, $12,930,500 first
mortgage and refunding 5%
gold bonds,
Series A, due 1967, and to redeem at
103. $2,016,500 first mortgage
and refunding 5%
gold bonds, Series B, due 1961.—V. 163, p. 2300.
,
Gross
1946
from
1944
offered
'
.sold
and
A
Act
Gas
resent
If
The
the
proceeds of such sale
sale
of
the
will have
company
American
Gas
of
American
company's
ceased
to
such
received
sale
From Jan.
Net
not
rep-
either
a
by
American
Net
ry.
36,500,605
37,fll5,047
35 ,955,388
7,047,329
13,258,648
5,300,695
15,065,853
5,972,404
16 ,743,946
p.
3,585,290
11 ,221,608
1908.
Sears, Roebuck & Co.—Listing—
The
in
Gas.
'4
of
or
Electric
Bond
CAPITALIZATION GIVING EFFECT
l\
\
!
-
and
capital
the
stock of the
Exchange.
company
Stock
unlisted market.—V.
was
Heretofore
163,
Common
E
limited, by the requirements
such securities are issued.
Hwhich
of
listed
the
May
stock
1
had
the
on
been
$4,500,000
5,324,800
1,214,000 shs.
instrument
1945
1944
rev.
$6,956,846
5,241,793
5,034,981
$6,229,359
4,544,783
*
y
^
...
$1,721,681
$1,715,052
$1,610,097
28,090
5,937
Dr4,289
Net
$1,743,142
171,796
income
A; The
165,666
$1,616,035
162,802
was
of
$1,585,005
annual
dividend
$1,577,476
requirements
$1,453,232
53,248
on
$1,449,957
shares
of
company
3.35*%
;
in
con¬
and
is
engaged in furnishing electric service (involving
transmission,
distribution
and
sale
of
electric
energy)/ throughout
an
era
in
northeastern
Pennsylvania
which includes the cities of
Scranton, Carbondale, Pittston, and the
DlcK8on City, Taylor, Archbald,
Duiyea, Wmton, West Pittston,
Throop, Exeter and Dupont. Company
is
iaso_ engaged in furnishing steam heating service to the public in a
the
generation,
part of
•
$0.35
Net
the
purchase,
City of Scranton.
For
400,000 shares
on
out¬
now
territory served by the
by the company
to be
company has
excess of 344,000,
in
UNDERWRITERS—The
number
the
of
shares
common
of
stock
A
,
the
the principal underwriters
3.35% .cumulative preferred stock
to be purchased by each are as
CUMULATIVE
'
PREFERRED
Shares
5.748
Kuhn,
Alex. Brown & Sons
5*122
2,500
MPQrA, Leonard
W. Clark
& Co.—
Drexel & Co
Barriman*
Ripley
1,800
«
&
5,709
Co.,
and the
and
A
Shares
5,700
& Lynch— 1,800
————
Stroud & Co., Inc
Spencer Trask & Co
_
—
2,351,065
2,060,718
contingencies
B
375,409
$1,824,629
310,993
91,984
310,993
91,984
$11.45
dividends
Class
$10.18
dividends
Net
—
~
profit per share
CONSOLIDATED
BALANCE
quotations,
receivable
approximately $828,000),
(after
in
ments
and
$2,614,945;
reserves),
advances
companies
other
SHEET,
except
(value
$670,896;
based
accounts
$1,233,680:
and
invest¬
affili¬
other
footnote),
in
mar¬
on
and
notes
subsidiaries
Indicated
as
1945
31.
inventories,
unconsolidated
to
cost
(at
DEC.
marketable securites
Assets—Cash, $4,266,679;
ket
$1,189,992;
investments
(including cash surrender value of life insurance.
$81,503), $116,502; oil properties, pipe lines, marketing facilities, etc.
(after leserves for depreciation, depletion and revaluation of, $11,625,728), $12,471,965; franchises, $237,140; deferred charges (prepaid taxes,
insurance,
total,
etc.), $306,078;
LIABILITIES—Accounts
instalments
obligations
$23,107,877.
bank
on
payable,
loan
due
$4,735,081;
notes
payable
(incl.
$500,000), $528,250; purchase
1946 of
in
(covering service stations, automotive equipment, and other
property), instalments due in 1946 (estimated), $322,678; taxes
(Including Federal and State taxes on income), $784,120;
pay¬
able
payable
current),
for
the
to
Chase
$4,000,000;
National
other
Bank of
the
City
contingency
(138,197
value),
$895,213; class
reserves,
shares),
$690,985;
$204,410;
class
York
New
$1,626,249;
obligations,
(40,882
shares
note
(non-
reserves
$1,273,687;
A stock without
stock
B
of
liabilities,
non-current
contingencies under continuing contractual
other
par
of
value
no
par
surplus, $96,464; earned surplus (including
approximately $1,700,000 restricted as to payment of dividends under
existing agreements), $7,950,740; total, $23,107,877.
capital
investment
company's
this
statement
at
the
in
the
to
note
payable
bank.—V.
to
unconsolidated
an
applicable
by the books of the subsidiary, $775,411,
162,
net
asset
p.
subsidiary,
value
has been pledged
as
as
shown
collateral
717.
John
H. Leslie II has been appointed
Vice-President in charge of
and Development Engineering.
Before joining Signode two months ago, Mr. Leslie for five years,
was with Stewart-Warner Corp. as Chief Engineer of the South Wind
Division, where he supervised the designing of heating and
antiicing equipment for military aircraft.—V. 163, p. 1771.
Research
Southern Natural Gas Co. (& Subs.)—Report—
1945
operating reve/iue
Operation
Exploration
3,400,342
and
development
468,907
2,511,588
286,443
616,315
Provision for
deprec.
than
income
depl.
&
income
501.719-
1,523,596
1,322,255.
1,035,141
amortiz
taxes-—
832,556.
taxes
income
excess
'Net
90,300
profits
93,271
1,410,461
taxes
earnings
Other
*1944
$17,535,350 $14,698,098:
4,144,218
3,022,487
Maintenance
Federal
1,321,811
tax
16,050
10,464
$4,829,940
$4,795,504
income
p. 2300.
Amortiz.
320,066
202,224
$5,150,006
$4,997,728:
742,946
557,261
28,428
Gross income
on
8,918.
the
of
outstanding first mortgage and collateral trust sinking
bonds, series K, due Feb. 1, 1970, have been called for
redemption on June 1, next, at 1041//2 and interest.
Payment will -be
made Aat the Royal Bank of
Canada, Montreal, Canada, or at the
3V2%
option at the office of the company's
paying
the Royal Bank of Canada in New
York, N. Y.
Holders
may
redemption
surrender said
price,
plus
bonds
accrued
at any time and
interest
to
June
1,
agent,
Co.,
of
required
Miscellaneous
Preferred
(Minority
Gas
12,653
securing
full
1946.—V
163,
O.—Partial
of
Birmingham
Company
Net
Cost
1945
sales
Dividends
*
income
and
a
eration
of
Gas
plant
other
prior
to
acquisition.
BALANCE
SHEET
AT
of
869,956
624,510'
68,145
62,977
Deferred
489,896
201,951*
64,157
61,292:
income
cost and accrued
at
22,124
103,582
$136,364
3,927
*$117,617
taxes
$140,291
36,000
86,000
special credit
Special credit' representing reduction in prior
years' Federal taxes resulting from carry¬
back of 1945 net loss
*$153,617
$54,292
charges
stock
expense
•
Net> profit *
Cash div. of $4 per share paid
*$105,617
$74,747,009 $59,363,643'-
LIABILITIES—
Common
stock
Premium
on
$3.50
($7.50
par)
$10,569,091 $10,569,091
stock
common
cumulative
2,380,275
stock
pfd.
($50 par
Minority interest in common stock
Long-term debt
Accounts payable
before
Notes
payable
Customers'
BALANCE
ASSETS—Cash
in
banks
1,800
bad
and allowances
not
debts
in
excess
supplies, at
cost,
of
Taxes,
48,000
pref. stk
$54,292
■
excess profits tax
OF
SHEET,
and
of
on
DEC.
hand,
accounts
$14,062),
75,596
required.
31.
21,058^000
16,614,000?
1,427,210
792,780)
790,000
and accrued
other
than
int. thereon-
523,018
income
and
State
income
Interest
on
——
146,14T
$75,487;
Other
U.
S.
(after
Government
reserves
inventories,
priced
for
at
market, $162,622; maintenance and operating
cost, $210,712; cloth and paper sacks, at cost less allow¬
ance for use,
$49,734; prepaid insurance and other expenses, $26,302;
investments, in real estate and stocks, stated at cost (value not readily
335,715
294,872
2,133,478
2,020,607
186,949
taxes
139,320
33,691
long-term debt
Miscellaneous
on
debt
for
Reserves
1945
receivable
$42,741;
254 724
banks
deposits
2.380,275-
1.447,635
Accrued liabilities—
Prem.
$200,000:
cost or
on
value>__
—.
to
Federal
•Deficit. tNo provision for
int.
Total
6,908
Federal
Materials, supplies
Prepaid taxes, insurance, etc
54,122
(net)
for
1.668,065
3,918,605
1,535,897
Capital
*$124,525
Ralance before income taxes
t Provision
2,065,349
2,021,165
Treas. securities,
op¬
Profit from operations
1944
2,531,209
U. S.
215,502
dwellings, etc.
31
(net)
property
Accounts receivable
$2,117,181
1,607,610
Extraordinary costs (retaining walls, etc.i
income
DEC.
1945
and
$66,364,693 $51,251,1,03:
Miscellaneous investments and special funds—
272,439
39,244
116,044
cost
1,761,405
provision for depreciation and
adjustments.
(Including $33,780 ap¬
ASSETS—
208,484
net
$4,099,662.
1,761,405
change in the
certain
period
to
$3,810,783
stock
common
on
Adjusted to reflect
1,058,282
goods sold
Selling and general expenses
Nonproductive plant overhead,
Other
1944
$1,280,409
of
1
71,056
Cash
Signal Mountain Portland Cement Co.—Annual Report
'
19,906;
101,342
Re¬
The company has called for redemption on June
1, next, 4,950 shares
its outstanding 4 % series cumulative
preferred stock, par $100, at
$105 per share.—y. 162, p. 3118.
Calendar Years—
310,531
first
subsidiary
income
in
1,450)
384,463
exp.__
deductions
of
interest
Consolidated net
receive the
of
at
4,300
income
dividends
CONSOLIDATED
securities,
2,500
and
5,380
indenture
by
Cr7r045
mortgage bonds of the company in addition
to provision for depreciation above
plicable
Cleveland,
etc
to construction
debt discount, premium
amortization
Sherwin-Williams
interest,
Interest charged
Agency
2164.
4,300
5.700
long term debt
Miscellaneous
Provision
of
follows:
EH* Rollins & Sons Inc.Singer, Deane & Scribner—
Stone & Webster Securities
106,135
$2,049,581
Class
Interest
Loeb & Co.—
Corp.
5,700
■
STOCK
Mellon Securities
Corp
Blyth <fc Co., Inc-i
E.
estimated
'
names of
severally
3.35%
*
population
and
profit
165 Broadway, New York, N. Y.
of
the $5 preferred stock have the option of
converting
their shares into common stock at
any time up to the close of busi¬
ness on July 1, 1946, by
depositing their certificates with the Chemical
Bank' <fe Trust Co., transfer agent for the common stock.—V.
163,
Profit
a
26,863,764
343,500
Federal
the 12 months ended Dec.
31,4945,
approximately 95.5% of the total operating revenues of the
company
were .derived
from electric service, and approximately 4,5% . from
steam heating service.
.
accounts
Taxes,- other
fBased
2519.
Penn¬
and
Company's principal predecessor
Pennsylvania April 9, 1907 by joint agreement
merger between five companies.
incorporated in
consolidation
The
•
1944
$142,160
$0.64
All outstanding shares of $5 convertible
preferred stock have been
called for redemption on July 1, next, at $105 per share.and dividends.
Payment will be made at the Chemical Bank & Trust Co.,
$1,680,286
230,328
cumulative preferred stock will
amount to $178,381.
HISTORY AND
BUSINESS—Company was incorporated
sylvania March 15, 1928, by
joint agreement of merger
solidation between nine,
companies.
Vyi-I;
p.
1945
$257,079
$0.70
Sharon Steel Corp.—Calls $5 Preferred Stock—
p.
$1,756,802
29,899,540
taxes
demption—
V
.
1946
$281,186
•After charges and income taxes.
standing.—V. 162,
$1,684,575
35,120
deductions
uncollectible
and
Gas purchased
holders'
.
Gross' .income
Income
Quarter Entjed Mforch 31—
profit
tEarnings per share
of
Operating income
Other income,
/
replacement
exhaustion
of
equipment and oil properties, abandonments,
Total
Semler, Inc.—Earnings-
*Nct
fund
1942
$6,645,078
5,373,452
deductions—
(R. R.)
AH
1943
for
San
Shawinigau Water & Power Co.—Calls 3 %% Bonds—
$7,095,134
Dper.
under
EARNINGS, YEARS ENDED DEC. 31
■
cost
216,493
Provision
traded
Holders
Outstanding
the
other products,
agent,
FINANCING
—
*Issuance
parent
petroleum Sf,
Interest
2300.
p.
redemption
TO PRESENT
Authorized
1st mtge. bonds, 3»/4.% series, due 19G7_ * Unlimited
3.35% eumul, preferredstk. (par $100)
$7,500,000
stock
(par $5)
1,500,000 shs.
f,
!VJ
the
of
Calendar Years—
affiliate
or
149,209
$34,851,179 $31,230,637
Signode Steel Strapping Co.—New Vice-President—
30,667,185
income-'—
oper.
163,
Francisco
Gas,
subsidiary
Share Co.,
881,125
492,036
producing and manufacturing, other oper¬
ating, administrative and selling expense——
1—
frprn railway
railway
from
—V.
by Amer¬
does
1,024.233
income
of
State
stock
common
be
be
to
are
npt by the .company, and
financing by the company.
<of
.
of
and
new
After the
the
account
company.
The shares are being
by American Gas in compliance with an order of the Securities
Exchange Commission under the Public Utility Holding Company
of 1935.
ican
;
the
for
1944
$33,334,910 $30,200,303
income
included in
1943
$10,802,465 $12,982,612 $12,875,701 $13 ,011,603
Net from railway
993,561
4,628,376
5,245,172
61,340,581
Net ry. oper. income--243,265
1,830,208
2,123,000
4 ,149,268
1,214,000 shares of common stock will be issued and outstanding shares owned by American Gas and Electric Co. and are
not
991.
p.
1945
other gross revenues
net earnings of uncon¬
in
miscellaneous
NOTE—The
J945
railway
The
£
162,
(& Subs.)—Annual Report—•
subsidiary
and
Purchases
Seaboard Air Line Ry.—Earnings—
March—
an
amount equal to accrued dividends) presently
outstanding, which Will
amount to $5,914,255, or to repay a bank loan, the proceeds of which
will have been deposited with the
redemption agent for said purpose.
applicable
as
$1,982,069.—V.
Securities
<■
V,
solidated
ated
Stuart & Co., Inc.
bonds 27/s % series
Other bids
equity
Dividends
&
awarded May 1 on bid of 100.329.
due 1976 at 102 ^ and interest.
on a
total,
Calendar years—
Company's
Co.—_____ 51,400
Dulles & Co
3,000
Kuhn, Loeb & Co., Lee Higginson
Barney & Co. bid 100.16 for a 4.20%
$23,500,000 Bonds Offered—Halsey,
also offered $23,500,000 first mortgage
May 1
$437,011;
of
Sales of products and
100,000 shares of 4.10% cumulative preferred
stock ($100 par) at $102.50 per share plus accrued di¬
was
general
»
public
vidends. The issue
shares
Signal Oil & Gas Co.
Income
Stock Offered—Mellon Securities
Gross
received
reacquired
30,700
Corp
and
Witter
Wurts,
of
preferred stock, etc. less prorata amounts written off
to
41,100
2300.
p.
payrolls,
of
Total
——A
Stroud & Co., Inc
Spencer Trask <fc Co
163,
accrued
10,300
Hayden, Stone & Co.—
—V.
$63,342;
$1; capital surplus, $58,118; earned surplus since Jan. 1, 1938, $378,564;
less Treasury stock
(carrying amount of 375% shares preferred and
17J/4 shares common), $37,567 and discount and commission on sale
Stone & Webster "Securities
51,400
>
Janney & Co.—
Kay, Richards & Co
preferred
Exchange.
'
-
Inc.-
payable,
etc., $20,136;
Federal income taxes
rafter deducting U. 5.
Treasury tax notes of $20,000 )r $361; provision for returnable sacks,
$8,649; 8% cumulative preferred stock, ($100-par value), $1,927,475;
common stock,
no par value (authorized
and issued, 30,000 shares).
Co— 41,100
&
Granbery, Majrache & Lord 10,300
Harrimap Ripley & Co., Inc. 51,400
•
bids
headed by Kidder, Peabody & Co. which named a price of 100.07 for
the same dividend rate.
An underwriting group headed
Jointly by
Shields & Co., and White, Weld & Co. made a bid of 100.03 for a
1
Rothschild
3,000
Corp.--
Glover & MacGregor,
F.
Sheridan, Bogan Co
Sills, Minton & Co*, Inc.:,
J. W. Sparks & Co
Scranton-Spring Brook Water Service Co.—Preferred
which
'
.
Michigan
Goldman, Sachs & Co,
Graham, Parsons &Co
1907,
./The preferred shares were
;*
1>
of
LIABILITIES—Accounts
re¬
taxes,
5,000
5,000
Elkins, Morris & Co.-A
*52,059
*162,563
income—
First
20,500
596,780
*21,422
determinable), $20,444; plant properties and quarry lands (after
serve for depreciation of $1,822,034), $1,194,026; total,
$1,982,069.
E- H. Rollins & Sons Inc.- 41,100
51,400
649.400
Other
The
—T
621,315
-
Mellon Securities Corp. and Smith, Barney & Co. offered
1,214,000 shares of common stock (par $5) at $22.50 per
**
Co
&
3,800
-
2,000
Prescott & Co
Dempsey-Tegeler& Co.
Mellon Securities Corp. and associates.
V':.by
Co.--
70,286
railway
share.
&
21,715
;
%k-;-
Patton
Louis Co.
5,000
Moore, Leonard & Lynch... 10,300
W. H. Newbold's Son &• Co. 15,400
$216,150
?
''■Ml
10,300
Metropolitan St.
*92,744
Drexel
railway
&
—
McJunkin,
20,500
Richard W. Clarke Corp.—
51,400
Rhoades
$204,750
*30,755
Scranton Electric Co.—-Stocks Offered—An issue of
52,248 shares of 3.35% cumulative preferred stock (par
4 $100) was offered May 2 at 101.50 and dividend by
\
W. Clark & CO
Loeb,
—
*17,865
f
i
20,500
—
Brothers
M.
Co.
*79,780
f, 3 «i
3
Sons
Carl
,
*50,668
.•Deficit.—V. 163, p.
^
&
Brown
Lehmaii
20,500
10,300
*404,595
income—.
Net ry. oper.
8,000
51,400
——
5,000
5,000
From Jan. .1—
•
41,100
& Co.—
Blyth & Co., Inc.—
Boenning & Co
J. JI. Brooks & Co,
E.
1945
railway
rNet from
5,000
Becker & Co. Inc
Byllesby and Co., Inc. 41,100
Chaplin & Co,
9,000
1946
Net ry. oper.
51,400
Barret, Fitch & Co,..,
A. G.
Shares
Kebbon, McCormick & Co._ 10,300
Kuhn; Loeb & Co
51,400
Laird, Bissell & Meeds
15,400
Lazard Freres & Co
51,400
Lee Higginson Corp.51,400
51,400
Smith, Barney # Co.
AlCx.
-
$ Grots from railway
■Net
Mellon Securities Corp
H. M.
"
San Antonio Uvalde & Gulf RR.—Earnings—
March—
,
Bioren
853,241
railway.—
railway..
Net ry. ©par. income—.
♦Deficit.—V. 163, p. 1907.
;
Shares
1943
$319,603
26,045
*17,259
railway-,--.
railway—.—
from
Net
Net
COMMON STOCK
1946
from
Gross
Texas Ry.— Earnings—
Franciscp^
March—
■•v.•
125,593
in
process
depreciation,
of amortiz.
depletion,
etc
in
Capital
Earned
aid
of
2,901
784,985
surplus
67,833
1,237,573
1,237,573
6,825,043
12,890,106
Total
163,
18,180,330
construction
surplus
-V.
59,180
15,297,997
3,010,705
reserves
Contributions
287,955
<net)_—
$74,747,009 $59,363,643
p.
1202.
(Continued
on
page
2484)
Volume
1631
|g
Number 4487
1
United Sftaftes Government Securities
Below
we
furnish
a
Figures after decimal point
>
I
•
.
.
..
2449
the New York Stock Exchange during the current week,
on
32d of a point
represent one or more
Daily Record of B. 8. Bond Price*
Treasury
[High
LOW
J
.
•
the New York Stock Exchange
on
daily record of the transactions in Treasury bonds
Dally Record •( V. 8. Mil Ft Is—
Treasury
4 Vis, 1047-52
Ml'
THE COMMERCIAL & FINANCIAL CHRONICLE
2%s,
■
Sept.,
■
/'
1967-72
[CloM
Total sales in $1,000 units.
Total sales In $1,000 units
[High
3
ViS, 1946-49
High
2%S, Pec., 1967-1972—
"
Low
Close
Total sales in $1,000 units.
Total sales in $1,000 units..
'
-/
•
3y«s,
1
•
V:::-
..j/
.
/
*
[High
2Y4S, 1951-53
1949-52
Low
[Close
Total sales in $1,000 units.
Total sales In $1,000 units..
High
1952-55_____________
Low
Bf, 1946-48
Close
[Close
Total sales in $1,000 units.
Total sales In $1,000 units..
"fmgb
High
l%s, 1954-56
Low
3s, 1951-55
Close
Total sales in $1,000 units.
Total sales In $1,000 units..
113.20
1955-60
113.23
113.23
-j Low
[Close
113.23
113.20
113.20
2 Vis,
7mgh
] Low
High
2ViB
1956-59-
Low
Close
Total sales in $1,000 units.
Total sales In $1,000 units..
High
2VtS, June, 1959-62
Low
2%S, 1948-51
Close
Total sales In $1,000 units.
Total sales in $1,000 units..
2y4S, Dec., 1959-1962
1%S, 1951-54
Total sales in
Total sales in $1,000 units..
$1,000 units.
fHign
Low
[Close
High
3 ViS,
2s,
Low
1956-59
\
1947
Close
Total sales in $1,000 units-.
Total sales In $1,000 units.
2s, March 1948-50—
2%S, 1958-63
—rf-
Total sales in $1,000 units..
Total sales in $1,000 units.
"High
BS, Dec. 1948-50
Low
2%s, 1960-65
Close
Total sales in $1,000 units.
Total sales in $1,000 units2 Vis,
[ rilgu
[ Low
2s, June, 1949-1951
1948.—
.Close
Total sales in $1,000 units.
Total sales in $1,000 units.
[High
2s, Sept., 1949-1951—
2 Vis,
[ Low
1949-53
Close
Total sales in $1,000 units.
Total sales in $1,000 units—.
rilign
2s, Dec.,
2 Vis,
1949-1951
.1 Low
1950-52
[Close
Total sales in $1,000 units.
Total sales in $1,000 units.
High
2s, March,
High
Total sales in $1,000 units..
sales In $1,000 units.
Total
2s,
1956-58
Total sales in
«i,
Total sales in $1,000 units.
in $1,000
"High
| Low
2s, June, 1952-54
units.
Close
Total sales in $1,000 units.
2 Vis, June, 1964-1969
2s, Dec.,
Total sales In $1,000 units.
avis, Dec., 1964-1969
1952-54
Total sales in $1,000 units.
"High
LOW
[High
2s
Close
Total sales
$1,000 units.
1951-55
Total sales in $1,000 units.
1963-1968
Total sales
1950-1952
2s, 1951-1953
1962-67
2 Vis,
Sept.,
Total sales in $1,000 units.
sales in $1,000 units.
Total
2 Vis,
Low
Close
Close
2 Vis,
1950-1952
Low
2 Vis, 1952-54
1953-55
Low
in $1,000 units.
Close
High
105.3
Low
Close
Total sales in $1,000 units.
105.3
'
l%s
105.3
Total sales In $1,000 units.
1948
Total sales in $1,000 units.
[High
2 Vis,
I
1966-71
Low
l%s, 1950
[Close
Total sales in $1,000 units.
Total sales in $1,000 units.
"Odd
2Vis, June 1967-72
lot
sale.
{Registered bond transaction.
H2Vis June
1967-72
$500
registered at
102.28,
Total sales in $1,000 units.
NEW YORK STOCK RECORD
LOW
Saturday
April 27
$
share
per
73
73 Vi
111%
146
111%
147
15%
15%
43
*42.%
.
Vzm.
Monday
April 29
$ per share
73
HIGH
SALE
PRICES
112
.147%
148,|:
...
STOCK8
Tuesday
April 30
Wednesday
May 1
Thursday
May 2
S per share
$ per share
$ per share
73%
*111 Vi
72
111%
*147
111%
150
*111%
150
73
112
150
Friday
May 3
$ per share
73 Vi
lllVi
*150
74
Sales for
42%
2;800
lllVi
140
155
100
3,000
15%
14%
15
14%
15
*42%
43%
42%
42 V4
42%
700
22%
42%
22%
22%
22%
22%
4,700
'Range tor Previous
STOCK
Range Since January 1
200
Abbott Laboratories
4%
No par
new
preferred
—100
Abraham & Straus
ACF-Brill
Motors
No par
2.50
Co
Acme Steel Co
Express
Adams-Mlllis Corp
57
56 Vi
56%
34%
34%
34%
34Vi
34Vi
1,300
Address-Mutlgr Corp
16%
15%
15%
15 Vi
15%
2,400
Admiral
3,100
Air
56
43
135
8%
8%
40%
40%
40%
40%
6%
6%
6%
6%
61%
60y»
60%
6%
59%
*71
61
73
72
47%
48%
47%
47%
*110%
112%
*110%
112%
*22
23
200
For
*131
8%
6%
*27%
55
135
8%
59%
,
53%
*131
9
43
.
200%
.
27%
footnotes
*22 y4
200
200Vi
.5 27%
see
23
28.
^jage
2460.
47 Vi
72%
47%
*71
47%
72Vi
47%
*109
112Vi
*109
112
•23
23%
23
23
200
201%
26
26V4
201% 201%
*25%
25%
No
Reduction
12
Inc
■
Vicksburg Ry
Jan 24
2
19
May
Feb
44
19% Feb
26
44% Jan
4
31% Apr 24
25
par
50
Feb
25
—100
122
Jan
9
No
10
.
Corp
5
Apr 24
116
150
14% May
8% Jan
3
31% Feb 26
21
1
Apr 23
24% Feb 18
57
Jan
29
41% Jan 28
20% Feb >1
59% Apr
135
8
Mar 30
12% Feb
6
44% Apr
9
1
5% Jan
3
8% Jan 28
5%% pf A with $30 wfcr
>100
$2.50 prior conv preferred-No par
52% Jan
3
69% Jan 28
Alghny Lud Stl Corp
Alleg & West Ry 6* gtd
Allen Industries Tn«
Allied
Chemical
Allied Kid. Co
St
68% Jan
7
No par
38
3
100
-vi
105
par
185% Jan
•
Dye
No
mt
Jan
.Jan 25
Mar
22% Jan
82
25
2
210
1
28
6
110% Apr 24
5
■
Jan
48% Feb
Jan
Highest
f per share i ff per shots
2
Apr
Min
75
Lowest
19
Jan
15
Inc
Allegheny
61% Apr
111% Feb
112
26
10
1
Alaska Juneau Gold
Aldens
t per share
30% Feb
Par
Corp.
Alabama &
I per share
1
„
16%
135
Highest
10
Adams
Year 1945
Lowest
Par
r*33%
05%
*131
: *8%
*56
YORK
EXCHANGE
Shares
22 Vi
,.'42%
NEW
the Week
15%
23
56
*55%
.
AND
30
Jan 17
29% Jan 28
fmw>
•
■
2450
THE, COMMERCIAL* ^ financial chronicle
w«r i" ,(v •••»•»'■
RECORD
NEW YORK STOCK
■
5
STOCKS
'Ji*iuii«"a.j
April 27
per
L0W AND HIGH; SALE PRIC*S
Tueaday
>'
Wednesday
May 1
April 30
Monday
April 29
Saturday '
May 3
# per
t per share,
Share*
34%
343/4
34'A
34'A
34
34%
33%
33%
59 V*
59%
104%
55%
59%
60
58%
60
59%
60%
58
33%
59
104%
*103
*102%
104%
*102%
104 »/2
*103
54%,
55»A
52%
38 Ms
33'A
38%
38%
11%
11%
11%
52%
38%
ll3/4
*103
54
38
55%
"66
71%
168'A
*166
*65
?72
167
168
*
1651/2
11%,
71%
ll»/4,
*69
19
193/8
18%
19
18%
18%
17%
41
41
41 »/4
41%
413/4
41%
*84
85%
*84%
85%
84%
84%
62'/4
-131
131
23%
23%
14%
13%
14
96%
94
*202%" 204
66%'
67,%
204
31
*140
143
156
156
156
9%
21%
21%
10%
55%
55
54%
115
50
50%
50
11
11
11
U
11
39
*55
*56
59
*126
128%
128
129
15%'
*133/4' 14
14
36%
36
35%
*116%
118
15
*116%
118
1,000
51
2.700
3,100
10'%
10
*54%
%'
15%*
15'A
114
15
.
Leather
&
51
5%
17,000
American
7%
38%
391/4
37%
38 'A
4.3C0
22 »/4
22%
21%
22%
21'A
21%
37%
37%
37%
38%
37
38 »/4
13,300
2,400
393/8
38%
39
38
38 'A"
38
21a/4
22%
21%
23
22%
23
38
37'/»
38
-
<<•
" 82
183/8
124%
115%
20%'
20%
124
113 %
114
114
323/8
31%
llS
104 %
Feb
8
18
135
32%"
32
103%
37
31%
31%
50%
51
6% Jan
105
9'/4 Jan
68%
683/4
186%
186%
45
170
43%
36
54
*53
f
.
50
36 'A
32%
33
*64
tper share
-
April 29
94%
192%
*
.
$ per snare
193%
96%
193%
96%
97%
97%
9.7%.
166 %
166%"
95%
194%
96
97%
'
166
.-.98
166
26
26%
26%
26
J
26%
71
71%
71%
71 »/2
70%
71%
*1.17%
119%"
*11'7%
119%
26%
15
3
108
Jan
123
21
Mar
American
A^r
88% Jan
24
~2%
Jan
13%
Nov
22
8OV2
Jan
104%
Dec
22
54%
Jan
95%
11'/a
Jan.
19 %
3
23
Feb
16
7
186
Feb
14
36% Feb
6
15%
3
176
194'/«
8,600
98V4
2,400
99i
Oct
18,50
Dec
Feb
25
33% Feb
6
17%
Jan
31% Nov
44% Nov
Razor
No ppr
No par
—
27
39% Mar
4
52
Apr
5
32
Aug
No par
10°
Co
60% Mar
4
73% Jan
29
40'A
Jan
Apr
20
164 »A
Jan
50% Feb
6
41'%
Apr
pre/erred
Feb
9
Jan
131
14
44 V4 Apr
8
177
25
._100
160
172
166
26»%
26
26%
.7.0%.-.7.0%
*117% 118%
70%
118%
2-900
*U7'/4
25%
25 V*
20%
15.700
Aug
501/8 Feb'
27%
Jan
43 Va
Dec
No par
2
37% Apr
17%
Jan
29
Dec
No
Co
28 % Jan
2
36
Feb
22%
Jan
31
Dec
41
Aug
60
Dec
151
Dec
Jan
47% Jan
8
Nq par
Apr
128%
Jan
671/4 Apr
8
147
,-100
Tobacco-,
58% Feb
491/4 Mar 13
—100
,
-
par
29%
Jan
158v
531/2 Nov
Range for Previous
Range Since January 1
,/TOCK
.
x
$ per
1851/4 Feb
1945
Highest
$ per share
t per share>
share
Feb
195
23
ear
Lowest
Highest
Lowest
6
157
196%
Jan
Nov
86% Feb
26
98 */4 May-
3
65-
Jan
90
80% Feb
26
99% May
3
65'A
Jan
91'A
158% Jan
2
1731/4 Apr
10
1451/4
Jan
161%
Dec
Jan
14
13% Mar
24%
Dec
6.1% Feb :?6
Mar 21
75% Apr
120Va Jan
69%
Dec
16
116 Va
Sep
Mar 14
27% Jan
15
8V4
Jan
Tobacco—
preferred
Amer
164
Nov
27'% Jan
par
Telep & Teleg Co
6%
I 330
2,300
168
25%
Dec
Dec
50%
Feb
153
Apr
68%
181
39% Mar 13
No
Common, class B
4,400
99%
93
167
-
25%
Dec
99
Sugar Refining
American
Dec
30%
Jan
38
105
$ per share
98
Dec
Mar
Jan
EXCHANGE.
193
98
184
Jan
Jan
NEW
Amer
142% May
Apr
128
3
27l/4 Jan
Shares
1 per btiare
Jan
18%
Stove
Week
tbe
May 3
Dec
39'A Nov
io
20% Jan
Nov
19%
Jan
130%
Apr 30
41
11% Mar
24%
29
•>!}
uO'
Nov
75
Foundries—
Am Sumatra
Apr
%
*
3
non-cum
Sales for
Friday
194%
*165
253/4
703/4
44% Jan
Oct
118Va Apr
par
-
»
Dec
STOCKS
May 1
95%
AiJJ
41%
23
Preferred
63
63
64
Oct
Jan
Apr
—
Steel
American
800
1,000
54
60% Apr
American Stores——.
1,800
153
*152
Thursday
May 2
Sper snare
Wednesday
193%"
95%
'166
166
26
703/4
102%
94%
95%
95.%,
168c:
25%
63%
6%
Amer
50%
50
52%
14%
Apr
5
Ship Building Co
PRICES
HIGH SALE
Tuesday
April 30 "
$ per share
193
943/4
95%
65%
168
64
*63'A
-
193 %
193
*51%
1C
33%
Jan
26
Safety
Preferred
5,7i0
36
*32'%
33%
7%
48%
95 % Feb
American Snuff
44
36
36
Dec
18
Apr 22
25% Jan
Apier Smelting & Refg
171
43%
*151%" 156
156
*151%
64%
35%
American
450
9rn
15
10
Amer
5,400
Jan
ipo
ISO
4>">
9
Mill
American Seating
18:7%
*168
44%
*32%
53
*52
53%
156
LOW AND
■
45
171
44%
conv-
500
69
*45 "a
*168
41/2%
50'%
187%
44%
44%
1,600
4
preferred
Rolling
American
-
31%
68%
68%
187
1.260
57
57
*31
*49'%
45
186 %
172
*169
36
Monday
t per share'
44%
36%
53%
64%
X6R%
187%
44 «/4
45
*151%
Saturday
April 27
;
69
68'A
186'/a
33%
55
*64
64
49%
36
156
*1513/4
156
*151%
50%
*33
33
*32
*43
44%
44'/4
37%
34
*33
31%
172
*169
44%
37
57
44%
58%
31%
187
44%
45
170
172
■
57%
32
57
68%
68'/4
185%
44%
44%
43
57%
*31%
15,500
Dec
Nov
451/4 Mar 21
2
Mar
Dec
14%
103
3
171/2 Jan
109
Jan
26
3
10% Jan
97
180
Dec
Jan
152
44'/2 Apr
ion
58
Jan
-
24
par
No par
Dec
Mar
6%
a l
San'y
10%
70
May
23
Preferred
Dec
Jan
68%
1
Am Rad <fc 3tand
Dec
56'A
118% Jan
Jan
Nov
109%
Jan
3
25
133
40
Mar
91
38%
24
25
»/4, Jan
8% Nov
*117% Nov
Jan
Apr
2Feb
Nu par
Jan
Jan
20%
13% Apr
15
No par
43% Jun
15% Feb
34% Mar 13-
104
19% Nov
Jan
47
52
HO'/* Jan
Dec
Jan
96
18% Mar 30
26
100
9%
Jan
28
130
—
Dec
57
3%
28
33'% Mar
2,300
Dec
10%
Jan
114
12
49% Feb
No- par
No
No
27%
27
63
26
111/4 Mar
1
50
preferred
preferred
Dec
109% Jun
-
Jan
5
17
$5
31 %
Feb
97
30'A
12% Jan
7
547/8 Mar 14
100
"
—
9
26
preferred
Apr
20
55% Jan
341/2 Feb
$6
104'%
116 Ve Apr
21
No par
1,700
31%
3
Apr
47% Feb
12% Feb
Power & Light—
Jan
17
15
No pat
Amer
18V«
105%
29
127% Apr
44Vb Apr
22
American News Co new.
69
2Va
14% Jan
32V4 Mar
No par
6%
Dec
15
15
Jan
11.3
No par
Locomotive—
Odt
y4 Nov
29
17
2
F iv Co_.
123'%
104
62% May
Meiais
1,600
32%
104%
50%
'
'
104
22
50
63
*169
104
Jan
Dec
149
Jan
12
&
48.900
31,700
22'/8Apr
&
17%
*182
185
-
5« J/4
*31%
189
C8%
187
%
20
31%
32'/4
31%
104%'
57
56
51
64
19%
-Jan
Metals Co Ltd
52%,
113'A. 114 'A
19%
19%
Jan
73% Apr
11% Feb
Feb
21-
preferred
Dec
156%
24
11% Jan
III
of
Co
42
69
16
Apr
Dec
Nov
13%
105
48
Dec
'67%
127
112% Mar
22
109
Mach
121'%
115
Jan
Amer
310
f
110
Amer Mach
171/a
*52
124
*182
185
*182
•
59%
51
■
20%
19%
20%-
31%
104%
*31%
.
*
104%
32%
104%
59
1
152
'
313/8*
/
124%
*182
186
1C4 %
..
18%
123%
152
*150'%
52%
17%
124 Va-
20%
20%
*131%
x52 %
18%
*
20»/»
186
*181%
*150%
54
18%-
115
116
"
'
'
124
124%
115
115%
151
18%-
18'A
19%
124
-
*52%
151
'
53
•
"
-
124%
/
53
54
53%
19%
152"
151
151
53
'
18%
Jan
Amer
~
151
151
151
M
33
38%
37%
~
*
27
9
"
39
-
39%
Jan,
3
99% Jan
preferred—
conv
Jan
96
18
-1
Corp_„
Invest
American
40
118
*117
118
400
.
38'%
35%
37'/4
3,600
14
51
39;
20
32% Jan 28
par
preferred
Internal
Amer
199
40% Jan 10
150?
Feb
1
158% Apr 25
^.100
No
Ice
6% non-cum
112% Oct
Jan
24 Vs Jan
—50
Products
American Home
American
100
15
*13'/2
55
2,500
114
14%
14
800
123
123
126
Feb
71% Apr 12
132% Mar 20
5
80%
183%
103% Apr
10
1
preferred:
Dec
15
104'/a Apr
—
Jan
17
•
210% May 29
83% Apr
Co
Hide
106% Jan
130
10% Aug
1
3
American Hawaiian SB Co
55% Oct
Oct
Jan
64
23% Dec
Mar
128
34 y4 Apr
Encaustic
conv
x41
25
3
stamped—„20
Tiling
—1
No par
American Export Lines lnc
1
Amer & Foreign Power—-No par
$7 preferred—--——
no par
*7 2d preferred A_—
No par
$6 preferred
No par
6%
18
Jan
24% Jan
Sugar
preferred
Distilling
American
Jun
10
—50
—10
.100
100
Amer European Sees.—
59
Dec
80
No par
"
115
*117
118
4,100
114
" 15%
*50%
36%'.
37%
37
37%'
*116%
118
51
51
373/4
37
50
10%
59
15
7,600
1,400
126 'A
114
51
*13%
10%!
10%
0,200
41%
69% Jan
15 % Aug
25
prior preferred
American
200
20% Jan
137% Feb
preferred
4%%
5
14
17'/4 Feb
Mar 21
131
Dec
Jan
64 % Apr
34% Mar 20
No par
Colortype Co-
1st
Amer
!
59
126'A
0%
1,600
9'A
21'%
38%
114%
15%
13%
52
9'A
10%
*110
15%
13%
37%
37
"
*116%
15 %
13%
*51
52%
*51
52%
•51
15 %
13%
15%
15%
15%
013 %'
115
-*111
115
"in
Cable lnc-
Dec
43
Jan
136
19
Mar
Dec
161
Apr 26
"
57V4 Mar 13
120
28
Sep
H%- Dec
30
90»/4 Mar 13
-100
'
85
12
196'/2 Jan
Fdy_—__No par
preferred^
American CrystaJ
3,700
66
64,1%
*21%
581/2
127
126
16%
115
*110
115
•
9%
10%
128%
15%
16%
16
*110
*
35
71
30
24
44% Apr
127/a Mar 14
preferred-———-100
conv
Amer.san
60
*54%
59
127 %'
127%
*126
153/4 f 16%
16
16
105
50 %
10%
10%
*55
900
105
>
2.1%
62%
38
11
it
26
Feb
129% Apr
-100
American Chicle
1150
68
*113
50
5%
4%%
27:
105
106
10%
126%
115
49%
59
59
11
127,%
39
50
50
Car
19% Apr
Jaa
2
20% Mar 13
50 * Jan 21
29
non-cum
Am Chain &
78
*74
27
61
115
39%
50
*55
1,400
105
67
61%
126
115
115
115
115r
-
r
38%
40
39%
40%
39%
114%
f 560
31:%
28
*9%
21%
10%
11
127%
126
126
*124
1%
40
,
100
»—___•
Apr
1
3
33
"
50
105
*105%
9%
59%
60
American
4
Mar
No par
Can
Preferred
169% Apr
Jan
3"%. Jan
43% May
103
Aug
25
17% May
39
Corp,.,,—Vjr~-1
"
83
105
21%
*21
21%
10%
11%
10%
11
126
31'/4
68%
9%
9%
*21
54%
54
T
4
158
157%
32%
*27%
106
66
70
9%
9%
21%
'123
134
-
158%
*79
28
" 105
*105%
106
69%
70
9%
"
9
69
68%
68%
"21 %
134
32%
83
28
104%"
*105
105
105
3,500
35%
139
153%
32%
105
28
27%
104%
-
100
'
27
106
27
*104%
104%
"*79
82
*30
82
27%
American
Apr
78
it Radio Corp
Auier Cable
f
par
preferred
V*'*
75
1
128% Feb 25
new
Co„"
Brake Shoe
\m
280
124
*134
158
157
*32%
*79 *
32%
82 ""
V^erican; Sowjh
a,500
8.1UJ
23
15
18
12% Apr 25
Dec
56% Dec
38% Jan
39% Apr
1
54% Apr
"
139
139
157
32%
323/4
32%
37
35%
373/4
143
*139
v
40
■
67%
124,
'35%
-
37%
37%
*124
128%
*125
128%
*125
l
58% Jan
5
Dec
48% Dec
104%
Dec
4
<0%,- preierred,—
$ifo
96
204
67
127
American, JBank
2(600
131
14
13%
95%
1,700
61%
61
97%
'
23%
23
23%
*130
14
67%
110
102%
6
8% Apr
....1
Note„--_^
10
Airlines
2
Feb
36%
27% Aug
20 Vs Jan
30
60% May
107%
Apr 25
Highest
i per share
I per share
31% Jan
Agricultural ChemicaLNo par
Amey
2,800
Corp—No
Petroleum
American
82,000
8r>»/2
61
96%
67%
17%
40 »4
131
14%
202% 202%
17 Va
40%
*84
60
97%
>202% 204
66%
67%
106
1,100
*130
14
32%
46
62
130
97
158
Amerada
130
61 %
62
131
46
23%
23
24.,
62
*130
62%
131
*
-
TOO
41%
86
^23% .23%
«v
166
46
167
40%
"84
613/4
100
8,200
Lowest
47% Mar
W
Portland Ci;th—
Amalgam Leather Co lnc
65
*62'%
Jan
39
26
45% Feb 28
Alpha
7C0
Feb
33
103
165
167
45%
put
AUu-iinmuierb
9,400
10%
10%
68
t per share
—-100
No
*
No par
1
,>;;4*CPDV preferred—^—.—.—50
11%
68
1
Highest
$ per share
Par
obore8 Oorp_T
preferred.—
Ain«u
4%
33%,
*38
46
18%
46
45%.
45%
45%
12,500
53%
53»%
.
38%
11
168
45%,
53
*38
3,200
~
V
,
Allied Mills Co Ine
104%
33 Va
•;•
...
Year 1945
Lowest
Range Since January
EXCHANGE
the Week
sfyare
R»i»ge forFrevieus
J
NEW/ YOJftK STOCK!
Sales for
/
Friday
May 2
% per share
1 per share
I per share
share
Thursday
Monday, May 6,1946
29
22% Marl3
Type FoundHes lnc
-
Dec
Oct
'
*117%
26
119%.
26%
26%
*118:
'
121
'106
105% 105%
106
55%
56%
55
150%
150
151%
12%
12%
"*106%
60/8
1503/e
/I;
'
*8§
.
*85
"
50%
4-7%.
50 l/a
55%
50%
*55
55
13
54%
20
20
20
156%
155%
12%.
12%
4.300
154
121/s
88
88
48%
47%
48
46%
47%
46
46%
*50 VW
50%
55%
*60
50%
50
51
50
51
65%
112%
54%
58
50%
57%
56%
57
'55
113%
113%
54
54
112%
j
•It*
r
55
19
19
88
*86
90
5111%.. 113%
55%
55%
5.5%
19%
19 *
20%
*19%
20
*
*86
*18
i 580
4.300"
112%
55'%
110
i
2,200v
323/4
32%
15%
15%
#
-
33
.
15%
130%
149%
32%
15%
15%
130
130%
130%
*147
151
149
149
62
62
613/4
62%
*105
32%
31%
31%
32
26%
26%
27*
26%
9%
9%
31
•
151/8
15%
129
'1,50
15
131
152
153,
62%
62
*31%
27
62
150
20
*105
500
.
•893/4
69%
67%
152i
*151
152
•141-
142%
703/s
144%
149%
.148,
142'/a
151
141%
71%
149%
149%
152
106%
107
118%
:
.
142%
90
109%
100%,'
110% 118 %
>
*41%
.
123
91
46%
108
108% 108%
71
•
41%.
48%
123
46%
*122
721/4
*89
,
90
46,
'j
106%
71%
par
22
No par
104
Woolen—
No par
Wks &
Preferred
!
149%
123
7?
*52 -l-
55
108%
J117%
110
-Anaconda Copper Mining
74
41%
41%
42%
42%
91,
91
46%
92
46
92
46%
•
*123 /
108%
108%,
125.,
46
108%
-108%
1%
108
•
9,400
43%,
,r,
;*90
45%
v
124
*
5%
preferred
'
1,300
700
43
93
46
8,900
5%
600
4%
3.60%
—4.
preferred—
Refining-———nrpf series
conv
A-
preferred series
32
31%
32%
31%
31%,
3.1%
87
87
85
87%
84%
85%;
85 V4
!
128%
r
*31
128%
32
'*
17% /17%
*116
117%
33
*3?
11%
>,r
f 7
11%
37
For
31.3/4.
<
-
17%
:
130%
32
18%
32
18%
119
118% 119%
Mm '^2; - w.,'132 »U-
10%
68
33
22%
38%
22%
28,%
.31. X
footnotes see page 2460,
'*■
126%
*30%
32
19
,
119
*120
32%
10%
,33
11
•
32
18%
424
33%,
•
!
120
10,400
1.250
•
/
-nm
121
32%
10%
19%
122
32%
/
..
-321/4
10%
,
10%
,
700
'9,500
190
1,800
Corp
Atlas
zCum
conv
Austin
,
.,$5
ptd—-1
**2%
33%-
10%
65%
34
a
36%
:::
V; ;;
p. 23 r/ 23%
36%
;- ■
*62%
33%
22%
36%
10%
*62%
65%
,
•■,
.
34%
36%
-
•<
33 7 a
23%
*62
63%
33 y8
>
22%
.
36
36%
•
35%
36
conv
%
49
Nov
14
Apr 22
8
10% Feb
5
17
33% Apr
38% Jan
24%
109
B
57%. Dec
45
Jan
July
113
,
12% Aug
4ys Jan
23% Nov
23 »/2
9% Nov
30'A
6% Jan
102% Mar
HI
112% Feb
106%
Nov
Jan
par
lg
Jan
19%
18
Jan
48
Dec
152V2 Apr 20
142% May 2
113
Jan
140
Nov
2
Jan
3
Feb
27
Jan
Feb
26
110% Jan 11
Feb
21
1201/4 Jan 12
Jan 10
81
55'/2 Apr
108
3;
84% Jan
28
3-3% Feb
26
115% Jan
14
107;% Apr
16
241% Feh
26
78% Mar
Feb
97% Jan
18.
1331/4 Jan 15
59y4 Jan
30
,
3
-3'
Mar 22
25
35% Apr 25
21 % Apr
76% Jan
113% Nov
101:
48 Va
120
Jan
45
33% Feb
71%. Sep
30 »/4 July
HP:
-
Dec
83V4 Dec
Jan
Nov
83%. Nov
42% Dec
120
Apr
60.
113
n
NOV
J"an
Jan
•20% Jan
14
10%
Jan
la
-
Feb
?7% Jan 29
.
14% Feb
83% Feb
16
2
38% Jan 30
16
47 '/4 Jan 28
30 Vt Jan
77
Jan
Jan
14% Jan
5% Jan
58%
27% Dec
Jan
18%" Jan
126
3
0% Jan •'
52%. Dec
.
;08,% Mar
15
32
13
26% Jan
Mar
139% -Nov
Jan
45
105% Dec
14%
34% Apr
14% Mar 13
-
111-.
Dec
109 % Mar 16'
.
12.
Feb
5,
l„j
47% Aur 22
7 Ma jfe-gs
15
108-
3
Feb IB;
124
8
25% Jan
120
»
46% Apr
May
92
.
100,
preferred—No par
Works
,13
10
65% Mar 15
Jan : 3
37
6
Ohio——-—r——100,
4%. preferred,
—.———:190
9
1
96
No pa*
ffi
Apr
71% May
105'.
1
Dec
30
26
115%,
Nov
*29%
11%
-48
100
-109
,-t
59% NOV.
108
8
2
Feb
-i
Mar
42 Va Jniy
Apr
133'
,100/
:
Jan
131% Jan
Dec
127% Nov
-141
"Nov
34
6
23 V2 Mar
i00
-100
-25
100
100
Apr 18
64% Apr 22
13
Oct
15
Sep
152
7
Dec
49 y4 Nov
4
Apr 22
Feb
Dec
,
38 % July
Jan
Baldwin Locomotive
Baltimore &
Jan
24% Feb
.
51% Feb 26
2
107% Jan
prior A—,.,— —_,_No par
Co. —I,,———,
_5c
$2.25
300
32,600
19,000
3,200
4
8
132
par-
Corp
ArWifliMon Corp n*
29 'A
136
Autocar
'28,900
,32%
"/21%
64-
33%
22%
,/
'23% 'l"
,
Jun
6
3
No par
Nichols,——No par
Atlas Tack
83
10
——
Atlas- Powder———.
260
123% .126%
/ *30
31%
120
10%
83%
-
19
32%
31%
82%
>
127
*30
18%
31
87'
127
32 —
18
32
85
'
,
68
32%
22%
130%
32%
11%
31%
s: 67 //
30%
22 %
V fl.28% 132
/ ',
31
31%
86 % "T "
129%
Jan
12% Jan
•
31%
7
"7% Jan
Dec
11% Dec
60%
xll4;% Mar 21
60% Apr
3
26% Mar 22
r-—100,
—1O0
non-cum
460
124
108%, 108%
28
43»/4 Jank
Mar"
18
5% Mar
Dec
1
May
58
23
Feb
140
100'/a Mar
Dec
Nov
31%
51% Feb
.
4
Feb
112
60'% Jan
4
-
45.1/2 Mar
No par
preferred-
Atlantic
159
44
Atlantic Coast Line RR,Atl O & W 1 S3 Lines--—
400
\
-
88
40
5
No par
Atch Topei a & Santa Fe___
5%
May 1
15% Jan 2
9
265/e
Jan
1221/4 Jan
No
preferred-^
3
121% Mar
Jan
9
—5
—-No
.
600
120
71'A
70
3
Jan
112
—100
Referred
Assoc Investment Co.—
.
Jan
99%
No par
Arnold Constable Corp^
Artloom Corp—
Yssociated Diy Goods—
6,% 1st preferred
,n;
.7% 2d preferred——i
54
29
43% Mar
16
it Co of Illinois—
Armstrong 'Cork Co^
9
60 Vs Apr
431/8 Jan
No par
$6 conv prior preferred
140
•70,-'4
93
Armour
$3.75
IO41/9 107
46%
123% 124,
108% 100%
123
423
.
108% 103%.
*90
46%
Archer-Daniels-Midland
6,500
320
*117%
117% 123
72%
73
43
43
—
110% Feb
3
9% J a.1
„!2,50
Nq par
,21%
,—20
5
Hock; Glass Corp
$4 preferred
Anderson, .Clayton & Cp
Andes Copper Mining,
A -P W-Paper Co .In.c-
27
79
No par
Anchor
600
*106%
Xl07%
'
Aiiaconda Wire & Cable
Feb
128"
—50
109 Va
142%
"—100
9
29'% Jan
r-,-l
-25
2.000
*52
.
108
117%
72%
.
•
*106%
*|06% 100
..
55
2.400
No
&iSme}t
preferred
$5 prior conv
150
.
62 Y*
Elec
—J
Amer Zinc Lead
1,000 '
130%
150
142%
'142% 142%
*52
55. ;;
*52
-•
106%
73
/fp:41%:^41%
55
*101%: 109
117% 118%
118%
*71%
>
*106% 107%
>
107%
*1CG
*52
,:
42,400 u
15^8
70»/4
147 Va 148
71%
'
141
141
<
55
*52
2,500
301/2
26%
~
70%
-1,500 r
j,
32%.
26%
70%
70%
70%
.%.
26
69%
32
-
"
9
*31 Va
31%
/
27%
x61%
109'A
20%
32
~
*128%
62%
51107
109%
*105%
29-%
■
15%
131
150
27
9%
32
130%
32
26%
32 %
15%
109%
*31%
9%,
32
02%:
62%.
•
109%
*105
110%
*105
149%
9%
33/:
*127
9%
9%
.32%
15%
131
9%
93/e
93/4
118
preferred—1
1st
American
200
1
14,700
14
^,100
preferred
Water
$6
,6,500
12%
"
•9%
Am
37,700
87
54%
'
52%
47%
*113% 113%
54%
1061/2
51%
156%
15912%
5%
300
106'/2
52%
87
50%
53%
J-
103%
51%
*107
54
12%,
American Viscose-Corp.
-
-
55%
U334 1133/8
,
155%
155
12%
48
47%
47%
*
151%
12%
~'87
25%
107%
"
123/4
87
,
52%
103
52
'
*
25%
*106%
60%
26
26%
,70
Dec
24% Aug
>
94% Dec
130
-
27%
Dec
Dec
20% Dec
131
u
29
Nov
Dec
10% Dec
63
s
Dec
-35% Dec
:il%
Jan
28%
19%
Jan
44%. Nov
Jun
;
-Volume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4487
NEW YORK STOCK
ft1 Range for Previous
Sales for
Saturday
April 87
•
the Week
$ per share
*23
Range Since January 1 '
LowestV — Highest
*
Shares
J per share ;
;
Lowest
Highest
$ per share
$ per share
i,;
Year 1945
r;
S per share
23 %
*80%
82
* 37%
37
33%
34
*55%
56 %
29%
30%
28
28 %
56%
56%
63%
64%
64%
110
110
109 %
109%
105%
105%
106 %
107%
29%
30%
28%
63%
*40%
23
41%
24%
23%
109%
107%
28
133
133
132
109%
*106
29
*40%
42
*127
28%
*40%
41%
130%
130%
24%
25%*
*
25%
29 %
29 %
29
33
33
33
33
*109
110
109
109
49
49
48%
49%
48%
48%
34
33%
33%
33%
33%-
29%
•
*33%
-
27%
/
47V*.
47%
28%
28%
27%
28%
105%
105%
*161
109
47%
26
'
48
J
,
26%
Xl03%
104 %v
163%
165
•163
162
.
33
*108
48 J/a
*48
28%-
32%
104% 106%
163%"
*81%
81%
79%
*40
80%
40%
39%
39 %l
26%
26%
25%
25%*
*31%
32%
*31%
56
56
56
111
113
*111
32
56%
113
29%
29%
26%
63
61%
62
109
112
*195
110
62%
62
63
42%
43%
43%
220
*195
43
205
41%
*195
63%
41%'
203 %-
56%
55
55%
53%
54
52%
53.
51%
52%
51%
J52
8%
8%
8%
8%
8%
56
56
57
25%'
24%
25
78%
78%
*76%
82
17%
17%
17%
49%
49%
49%
32%
33%
65
*112
17%
50
36%
36%
65
67
69
114
*111
113
37%
37%
37
*37%
38%
38
38
*107
109
*106%
109
38
38
22%
126 %
8%
57
25%
125
•
111
56
22%
*
27%
63
22%
126%
36%
22%
22%
22'A
37%
37
22%
126%
127
126%
126'A
21
21 %
20%
20%
20%
26
19%
20%
96%
96%
96%
97
97%
96%
21%
21%
21%
21.%
22%
21%
21%
37
36%
37
36%
36%
36%
36%
105%
104%
105
105 %
105%
21%
.
37
105
44
127
22%
96%
105
97%
106
44%
43%
44
43%
4 5'A
44
45'A
43%
*44% " 45%
45 %
46
46%
46%
*42%... 43'A
43%
44'A
43%
,44
42%
43
108%
108%
108%
.
108% -
—
108%
.
43%
46%
108
5108
■JB
48
4-
■
18
12
*98%
*86
31%
*108
18%
12
99%
87%,
32'%
111
7%
7%
27%
28%
107%
107'A
35%
LOW
AND
Saturday
Monday
April 29
HIGH SALE
Tuesday
April 27
April 30
$ per share
$ per share
t per share
36
May 1
$ per share
Thursday
May 2
$ per share
Friday
Sales for
May 3
the Week.
45%
45%
45%
45
45
.56%
56%
56%
55%
55%
5%
5Vs
5%
5%
California Packing-,
5% preferred
Callahan Zinc-Lead
1,400
10%
10%
10'A
10
10
39
39
.39%
39%
39%
45 %
*44%
45
2,200-
131%
131%
133
*52%
55
53
53
19%
19%
19%
72
70%
*70%
19%
19%
57
57
135%
19%
*56%
135%
*48
135%
49%
*48'
132
19%
19 %
Cannon
60'
136
600
Carpenter Steel
Carrier Corp
48%
47%
48
28%
29
27%
28%
4,400:
56 %
56'%
*56*%
58
56 Va
56%
300
9%
10
10
46%
75%
76
177
-
.
.
78.
75
75%
75
*106
108 Va
*106
*159
159%
159
29
29%
29%
29%
28-%
29%
21
21
21
21'A
21-Va
26%
26%
26%
26%
15%
16
15%
16%
753A
74Va
74%
GO
'Case (J II
Celanese Corp -of Amer———No par
1063/8
107
*106%
107
—J
159%
159
159
*158
158%
250
28%
29 Va
4,200
.21%
21 Va
21%
26
26 Va
25%
26%
16
16%
15%
16
12'A
113A
12%
114
112 Va
112'/a
15%
16
15%
16
15%
16
2,500-
*38
40%
40
40
40 Va
40%
40%
41
1,500
*38%
39%
40
40
40
40Va
*39%
40%
47%
47%
48
49
48'A
48%
48%
49%
2,400
21%
22%
22
22 3A
22%
23%
22%
23 Va
30,900
*35%
36%
62%
62 Va
112
112 Va
*35%
37
*351/2
62
63
62 Va
113
113
112 V2
37
63'A
113
11%
11%
*35% *37
60 %
112
6,500'
113 Va
20
600
-
61
112
»%
31
30%
30%
*29%
30%
*24%
25
24%
59 3/a
24%
*24%
25
*24%
59%
59%
60
59'/2
58%
59%
29
29
—
100
Chesapeake
12%
13
13
13%
12%
12%
12
60 Va'
12'/#
21%
21%
20%
21%
20%
21
20
20%
3,100-
*12%-
12%
12%
-12 3/4
12%
IIV2
12
2,800
26%
26%
26
26V4
25 5/s
12%
25%
25Va
25%
2,400
26%"
26%
27%
28 3A
27%,. 28%
26%
' 27%'
64%
65%
f
*
68%
69%
67%
68%
6,100
36V#
36%
37
37%
37%
37%
36%
31V#
5,700
66%
663A
66%
66%
4.7O0-"
.30%
30%
29%
30
65%
*31
.
*551/4
*61%'
3/4
663/a
66%
67
31%
31%.
313A
56%
*55%
56%
62
*61V4
62
Ftfr footnotes
see
page 2480.
*55-61%
56%
*55
61'A
*61% *62
:
12,400;
2,700:
22,300
Va
Ohif A- East
Class
111 RR Co
A
A
-1.25
-^—5
*—25
No par
—40
Chicago Great West RR Co
50
.
5*
.
3,OOOjL
Chtc
Milw St
PI' P v.tc—
No par
5*5
ffUij
i.100
No par
Noipar
'9r
preferred
cenv
preferred.*.
pf- < $2.50? cum dlv—_No
par
21
-
Jan
57% Mar 26
136
Apr 27
53% Feb
9
34
Jan -'30
60
Feb
4
10% Jan
5'A
10
'Apr 22
45
Feb 26
108% Feb 28
23
17%
54%
9%
<
-
20
-
Apr
4
Mar 13
5
Jan
2
May 3
Jan
.
:9% Jan
2
25% May
:
3
25%
64%
36'A
65%
25
50
7* 59
t
>
Mar 29
Apr 26
Apr' 26
Apr 26
Mar 13
Mar 21
Mar
f
Jan
35 Va
2
47% Apr
78
—.50
Chicago Pneumat Tool—;
$3
20v
preferred...
Series- A preferred—i—
100
Chicago & NoFthwest'n, w 1
No par
'
56%.
1
Corp ot
Chesapeake & Ohio Ry_i
73% Apr 22
Feb 25
No par
.No par
Checker Cab Mfg new
2,700
25
Jan 1.7
22% Feb 16
%. 56
—
120
vApr .5 9
58
"Apr 30
No par ? 105 % Apr 25
100
154
Mar 8
No par
22%Jau
3
—20 !
20% Jan
2
Central Agulrre Assoc.—
No. par
25% Feb 26
Central Foundry Co
i-i-1
lO'/e Feb 26
Central Hudson G & E Corp.Wo par ■
10% Maris
Central 111 Li 4%% prelerred—10O
112J Jan
7
tCent -RR of New Jerseyi-100 *14
May 3
Central Violeta Sugar Co
37
Feb 25
Century Ribbon Mills
No par
28% Jan 24
Cerro de Pasco Copper
No par
42% Feb 26
Certain-teed Products
1
14% Jan
3
Cham Bell Co
'
No par
29% Jan * T
Champion Pap & Fib Co
$4.50 preferred
1,400
134
78
—
COO
28
Feb 26
—
.
tper share
49% Jan <17
66
-
2,600
12% Jan
Jan s 8
May
2d preferred—;
Celotex Corp.5% preferred
13,000
$ per share
^ Highest /
39% Apr 30
$4.75 1st preferred-
920'
:
8
183
if,
Lowest.
10
7
25
Jan
Feb
7 %
*112%
*112
—No par
Apr
3
174
i-100
3,900
74%
107
12
-
-
.
;7VaFeb 16
8% Mar 14
*40% Mar 13
par
Caterpillar Tractor
16
*
16
,
.J
58
53
A—1
10
Ry—100
5
-—10
series—
47% Apr
2
7
Jan / 7
Mar 4
18
Mar 13
62% Feb 26
16% Mar
1
55'A Feb 28
126 % Jan
2
45% Mar 5
26'A Feb 26
55% Feb 26
2,400
78
■
—-
Co
Jan
»
$ per share
41% Man* 15
124
Mar
6
class
Co
4%
Preferred
'
114
*112%
No
Ohio
&
Jan
A"
Year 1945
\ Highest
share
1
25
-
Carriers & General Corp..,
5,200
77%
74
Preferred
7.700
46%
177%
10
47'A
179
76
1Q%
46%
177%
10%
46%
179
Clinch
?
—50
Co
h
;
Carolina
28%
46
Mills
140
28%
*177
Lowest
39
54
3%
,8%
x30
par
No par
-100
25
—-
Capital Administration
$3 preferred A
1,400
19%
preferred
Southern Ry
Canadian Pacific Ry
100r
57
135 Va
$4,25
Canada
28,800
71%
*56%
135%
120;
19%
*69
,
370-
56
18%
57
14,000
132%
55
19%
70%
No
50
—1
Calumet & Hecla Cons Copper-—5
Campbell W & C Fdy
No par
Canada Dry Ginger Ale common—5
4,600
44.
10%,
>
-
38%
42%
131 %
Range Since January 11
■'
$ per
21,400
5
Range for Previous
STOCK
YORK
EXCHANGE
70
5%
12%-'- 12%
NEW
Shares
t per share
x56%
42%
'
STOCKS
PRICES
Wednesday
x45%
•
RECORD
Jan
152
10
Dec
48%
175
Dec
47% Jan
71
Nov
37% Jan
66% Dec
109% Jan ;14
104% May
110
161 % Jan
127
159
3
16
29
.18%
Jan
21%
20%
Apr
31%
Dec
4%
Jan
11%
Dec
f
11%
Nov
29
109 Va
Jan
10%
Apr
42% Feb
25
13% Jan 24
Jan
16
40'A Apr 20-
Dec
25 %
23% Jan 47
116
Jun
Jan
15
Jan
17% Apr 22
Jan
14%
30% Apr 23
21% Feb
Dec
Jan
10%
Jun
Nov
32%
:
Dec
50 Va
Jan
Jan
Feb
20%
40
Jan
7
Sep
13% Nov
115V4
Mar
33
Dec
Dec
16%
Dec
21JA Mar
33
28 Va
Jan
55
Dec
108%
Oct
112
Nov
!
Oct
EJ~—♦
——™——
-
^
THE COMMERCIAL & FINANCIAL, CHRONICLE
is
Monday, May
NEW YORK STOCK RECORD
April 37
April 29
t
22%
21%
10%
10%
5.
10%
127%
22%
22%
22%
22%
400
21
21%
600
Chickasha
10%
10%
9%
10%
*48%
50
127%
50
126
128%
128
5,000
35%
35%
34%
35
34%
34%
33%
34%
33
33%
32%
33%
# >54%
54%
54%
55%
54 %
55%
54%
7,100
36%
36%
35%
55'%
36%
54%
36%
54%
37%
54
54%
36%
36
36 %
36
36
3,500
>95
95
95%
95%
95%
95%
95%
101%
99
96
95
♦105
•i
107
*105
32%
♦32%
*66%
*106%
65
*64
*190
194
*190
193
190
*187
107%
*105
107%
*104
107%
*104
107
112%
*111
112%
*111
112%
*111
112
71%
71%
*71%
71%
108
108
*106%
108
.*106%
108
*103
106
*103
106
*103
106
*58%
60
34%
35%
34%
34%
9,700
56%
56%
56%
55
56%
2,200
168%
*163%
168%
*163
*183
193%
♦188
193
*188
192
*188
65
65%
66
*65
66
*65
17%
20%
28
28
28%
*184
190
—-
104
52
53
51%
114%
17
17%
17
17%
20%
20%
20%
20%
3,000
283/4
*27%
28%
*273/4
28%
90
26%
25%
26
'-■25
26
25
42%
42
42%
3,200
41
40%
40%
12%
12
12%
ll3/4
12
1093/4
110
1,400
63,800
1,300
41%
42
41%
42
42%
41%
42
41
41%
*40%
41%
12%
12%
12%
12%
12%
12%
.
109%
110
HO'A
110
*104
105%
*104
105%
*104
105%
*104
44%
44%
44
44%
43
43%
43%
43%
44%
44%
45
45
31%
31%
31%
31%
31%
31%
31%
31%
31
31%
30%
30%
101%
101%
101%
300
4
-
54%
119%
118%
119%
25
25%
24%
253/8
35%
125%
35%
36
*72%
74
74
X72
36
36%
36%
52
*51
50%
50%
51%
35«/s
35%
35
35%
126%
35%
35%
*70%
36%
363/4
36
35%
9%
9%
35%
35%
108%
21
21
21
51%
51%
52
26
26%
25%
26%
391/4
38%
112%
1121/8
52%
52%
52
52
38%
112%
38%
113
17
*106
109
*107
47
47
48
16%
16%
111%
*103%
111%
17 »/8
21%
50%
24 %
X51
51%
*107
112
46%
*110%
14,300
*111%
12,700
112%
100
15%
15%
15%
15%
15%
15%
15%
16%
57%
56%
57
56%
57
57
57%
56%
57
18%
19
Xl8%
18%
18%
57%
18%
57%
19
18%
18%
18
18%
i
11,400
46%
46%
47%
46%
47%
47
47%
46%
47%
5,600
20%
*20»/a
46%
46
>20%
21
20%
21%
21
21
20%
20%
20%
*26%
27
26%
26%
26%
26%
26%
26%
26
*55
55%
55%
55
55
*54%
54%
19%
23%
59
23%
,
23%
.
59
59
*57%
23%
22%
23
22%
18%
19%
59
*57%
58%
58%
58%
110
23%
22%
22%
1,500
62%
61%
61%
61%
621%
61%
61%
61
61%
35%
35%
35%
35%
35%
35%
35%
3,800
>202 ,; >205
14%
13%
;>4%
6%
6%
107%
205
'>202
%;
108
63%
202
14
14
62
LOW
"April-27
$ per
4 per share
,
$ per
45%
46%
46%
108%
108%
*107%
34
32%
32%
32%
45%
*33
■
*31
34
*31
34
13%
6%
6%
AND
HIGH
.107%
107%
107%
62%
61
62%
60%
60%
11,400
*202
13%
203%
13%
6%
6%
14
■
6%
$ per
46%
45%
*107%
13%
13%
9,100
6%
6%
6,800
-
5,30C
44%
45%
*107%
108 %
32
32
32%
32%
900
32%
*31
34
31
31
,100
51
51%
51%
51%
51
51%
50%
51
50
50%
2,500
53%
54%
53%
36%
53%
37%
54
54%
54
54
53%
53%
36%
36%
*112%
>39
108
108
146
*138
46%
*38'A
25%
25%
*165
*165
55
*
*75%.
21%
*134
V
46
46%
46
46.%
45%
45%
*112%
113%
113%
112%
113%
39%
3&%
39
39%
40%
25%
26i/4
25%
26%
*165
'
54%
55»/4
54
55%
*199
104 Vb
50
52
55
64
64
65
'*63%
104%
60
23%
22%
23%
22%
1391/4
1411/2
144%
76.%
76%
7%
21%
21%
-'7V>
21%
*134
139
„
139
42%
.»
751/2
7%
21%
*134
421/4
•?%
28%
26
*111%
27%
25%
*111%
112%
32%
33%
74%
73%
76%
33%
74%
112%
34
,
273/4
253/8
3
14
25% Jan
40% Feb 26
47
Jan
May
21%
Co
Crane
3%%
Trust
29
31
Mar
20
47
Jan
28
31
Mar
3
14
Jan
24
Jan
11% Dec
10
90% Jan
110% Nov
4
111% Apr
23
106% Feb
20
84
48
Apr
35% Apr
22
9
26
106% Apr
May
Jan
19
9
39
Jan
53%
Sep
10
110
Dec
116%
Dec
4% Feb
15% Aug
li Jan
53
26
4
May
10% Feb
36
Jan
4% Nov
124% Dec
28% Jan
34% Nov
6
89
77% Apr 22
38% Apr
9
2
7
25% Dec
Jan
22
1,900
Nov
48
26% Mar
2
29% Jan
6
3% Mar
Oct
39%
50
Feb
6
109% Jan
28
Nov
Dec
7%
Jan
34% Nov
Sep
24%
106
47
3
Jan
115% Mar 15
Jan
54% Apr
19% Apr
109% May
Jan
109% Jan
26% Apr
8% Jan
18
10
4
6
48% Apr 22
93% July
37% Jan
2
113% Mar 29
18% Feb
8
106% July
10% Apr
Feb
25
Dec
46
Jan
35%
Dec
45
Dec
Feb
115
40% NOV
17%
Dec
109%
Dec
50
Sep
Dec
113
Dec
17%
Oct
59%
Jan
5
63
Jan
18
17
Mar 20
24
Jan
29
8% Jan
20
Dec
35% Feb 26
47% Apr
17
29% July
43
Nov
16
28%
20% Apr 20
23% Mar 20
22% Mar 6
52% Mar 12
56
Jan
19
17% Jan
3
23% Feb
16
Jan
14
30% Feb
1
53%
21
Aug
52% Mar
64%
38% Jan
11
30
38%
60
May 3
33% Feb 20
105% Feb
199
5
60% May
'2
Jan
70
14% Apr
7% Jan
5% Mar 14
Oct
199
-Dec
13
Dec
Jan
29
3%
Jan
Year 1945
tper share
Sper share
Feb
25
47% Apr
26
107 % Apr
38
$ per
25%
9
31
May
3
39% Feb
100
100
10
-100
30
preferred
Cudaby Packing Co
4Vz% preferred—
100
43%
Dec
108% Dec
Dec
28% Mar
41
Jun
37
14
49% Feb 26
Jan
Highest
$ per share
34%
59%
Dec
24
1
Jan
62
share
99% Aug
110% Mar 21
35% Jan
preferred—
Dec
7%
Range for Previous
Lowest
Highest
4
No par
Oct
182% Jan
6
Mar
No par
No par
Oct
Dec
108
71
10
31
No par
Dec
Jan
58%
29
210j/4 Mar 30
10% Feb, 26
Jun
101% Aug
109% Mar 15
3
Jan
Apr 24
2
Cuba RR 6% preferred
Cuban-American Sugar
Jun
Jan
18
67% Jan
5
100
25
No par
5
Zellerbach Corp
Dec
27% Jan
No par
$4.20 preferred
55% Nov
19%
61
52
25
Dec
Feb
Jan
22% Feb 26
100
$4 2nd preferred
Crucible Steel of Amer
Jan
47%
12%
49%
16%
Range Since January 1
(The)
preferred
14
Jan
Jan
51
Feb 27
54% Feb
6
49% Nov
53
Dec
29
Jan
3
12
20% Jan
30%
Dec
107
Jan
21
40% Apr
110% Feb
115
Jan
3
150
Apr
54% Feb
42% Mar 13
Feb 25
109
Jan
Mar
39
5
4
99% Jan
2
106
112
Nov
124
Nov
52% Nov
87%
8
Jan
111
Nov
Aug
42
Dec
16
10
Jan
Jan
25
8
165
Dev
Oct
35%
10
28% Jan
22% Feb 26
160
Apr
46% Jan
115
37% Mar 29
106%
5
12
16
Mar
29
Dec
Jan
X150
145%
25% Jan
55% Apr 29
106
Mar 25
99%
Dec
Sep
51% Nov
102
NOV
_3
35
Jan
3
29% Apr
51
Sep
Cunningham Drug Stores Inc—2.50
Curtis Pub Co (The)
No par
$7 preferred
No par
Prior preferred—
No par
47
Feb
9
70
Apr 20
28
Jan
56
Dec
18% Mar 13
26
Jan 24
9
Mar
Cuneo
Press Inc
-
Curtiss-Wright &Z——*
Class
—l
A—-
1
Feb
40
12%
27%
28
50c
1
No par
20
Preferred
23
Feb
26
24
Feb
19
118
Mar
111
1
30
Apr 15
45
Jan
2
42% Jan
5
37% Jan 11
-10
30% Jan
2,300
Delaware & Hudson—.
100
41% Mar 15
6,300
Delaware Lack & Western
5,100
Detroit Edison——20
12% May
4
3
28% Feb
Jan
113
;
40
..
Apr
24%
154
75%
9
Oct
Oct
Oct
NOV
30% Oct
125
37%
Oct
Dec
4;;f
27% Dec
28
Dec
4
7,,
16% Jan
28
'Dec
10^% Sep
114
Dec
j3&% Apr 20-,
75% May L.j-1
52
Apr
'40% Feb
Sep
25%
29
-
Delsel-Wemmer-Gilbert
50
5% Aug
18% Jan
2
Mar 18
29
5
1
loo
122% Apr
59% Jan
5
34% Feb
3
Jan
3,100
45%
Apr 23
20% May
43
32%
12%
>7
2
76% Apr 29
12% Feb
4
134
112%
45%
146% Feb
17
32% Mar 13
32%
12%
8
Jan
129% Jan 30
(The)
Dayton Pow to Lt 4% % pfd
Dayton Rubber Mfg Co
12%
Apr
73
May
100
Davega Stores Corp, N Y
45% >45%
136
60
No par
pfd
Cutler-Hammer Inc
400
28
Oct
Dec
16
Lowest
Crown Cork to Seal
5%
Oct
41%
28
Apr
59% Apr
120
2
Mar
107%
Dec
.
26% Apr
5
Feb
HST7"
common
393/4
27%
3
Jan
Nov
36
54
1
1
Crosley Corp (The)
Crown
NOV
50
10
36% Mar 15
24% Feb 26
100
:
preferred
*39%
12%
4%
Jan
14% Mar 13
20
Co
u-~
Cream of Wheat Corp
$2
50% Jun
46% Jun
46% Jun
50% Nov
Feb
X40
110% Jan
5
Davison Chemical Corp
.
Jan
Jan
1
Cushman's Sons Inc 7%
41%
-
73%
28
9
Deere & Co—
46%
-
28%
Jan
12% Feb 26
10
Decca Records Inc
12%
,
Bank
Exch
600
45%
12%
14
38
25
39% Mar 13
No par
1,800
39%
45%
Jan
102
20
Motors
6,800
393/4
12%
18
39
37
No par
2,600
39%
45
16
Jan
Dec
17% Aug
108% Jan
74%
39%
38%
29
41
Dec
Jan
18%
8
pfd.
1,100
,
115
Nov
23% Jan
6% Jan
1
*111%
51%
Aug
14
24% Feb
38% Feb
9
253/a
39%
110
1
51%
50 3/8
*38%
17
112% May
393%
51%
39%
116% Jan
50%
100
39
503/4
*38%
Dec
Dec
1
32
10
27%
74%
50%
39%
49
106
32% Feb 26
25%
.
31% Feb
101% Oct
34% Jan
Pow $4.50 pfd—No par
50%
74
751/4
50%
*38%
38%
31,400
10,300
139
•
*26
34%
33
7%
41%
*111% 112%
<
1,000
76
*134
25%
25%
190
76
41%
*26%
27%;
300
30,200
'7%
20%
21%
41%
5,400
22%
21%
139 *
*134
42%
59%
68
143% .143%
7%
21%
21%
139
42
25 %
>
76%.
76%
7%
5,200
53
104%
*64
144%
Apr" 22
108% Mar 18
56
Feb 16
3
107% Feb 25
7%
56%
138% 138%
*1
3,600
*103
67%
22%
22%
25
52%
53%
56
67
76%
42%
53%
50%
*60
180
*165
*103
54%
42% Jan
Par
600
40
24%
25%
49
51
2,100
40
*165
103%
27%
'42%
25
*165
•_**
*101
67%
7»/4
46%
114
55%
> 22% .22%
,.<'.7%
142%
113%
Nov
22
Preferred
290
108
*134%
*391/8
26%
2,800
36%
35%
108
.142%
103%
>139% 139%
>
37
108%
*133
55
104%
50%
>60
36%
108%
142%
*101
55
*102
37%
108%
*138
*112
39
——
37%
108%
108
144%
46%
46%
114
114
114
40'
25%
37%
108
*136
144%
Oct
72
45% Dec
Coty Inc
Coty Internat Corp
900
»46%„ 46%
'•
•
100
32%
51%
108
183
Dec
59%
1
Shares
I per share
53%
36%
May
11
11
22
STOCKS
51%
108
130
Feb
9
Oct
Dec
9
Jan
Apr
Sep
53%
155
Apr
67
27% Apr 26
25% Apr 26
EXCHANGE
-*53%
*136
35% Jan
Nov
41%
140
200
Feb~26
NEW YORK STOCK
46
5
Jun
59
11% July
Sales for
108%
4
60% Jan
100
17% Jan
the Week
*107%
44% Feb
34% Jan
31%
May 3
45%
46%
110
93% Jan
53% Jan
17
Friday
*31
32%
Apr 18
58% Apr 25
106
23% Apr 20
52% Apr
9
May 2
32
110
110% Apr
44
16
Apr
Corning Glass Works common
3%% preferred
Corn Products Refining
290
202
201
$ per share
68% Nov
106% Nov
Apr
33% Jan
Thursday
share
Oct
Jan
5
72
108% Mar.
3
SALE PRICES
Wednesday
May 1
share.
34
*107
250
202
202
Tuesday
110
45%
*107%
62%
14%
April 30
share
:
•
202
6%
6%
Monday
April 29
Saturday
62%
107%
*107
107%
May
115
109%
72% Dec
16% Feb 26
42% Jan 18
$3.75 preferred
Continental Diamond Fibre
Corn
520
35
*107%
Dec
105
Jan
Feb
Steel Corp new
14
Cooper-Bessemer Corp—
No par
$3 prior preferred
No par
Copper weld Steel Co
5
Conv pref 5% series
50
Cornell-Dufcilier Electric Corp.
1
5,000
35%
62
*31
19%
62
63
;
19%
23
205
Jan
36
Continental
60
23%
Feb
89
132
Continental Oil of Del
1,300
54%
35%
107% 107%
V
25%
54%
35%
35%
6%
19%
59
170-
8
10
Jan
23% May
37% May
Continental
700
25
54%
62%
62%
62
20%
19%
60
19%
*59
20%
26
*54%
20
20
20%
27
Jan
2
Continental Insurance
'
*55
Feb
108
11
Apr 26
45% Jan
2
Jun
Nov
205
23
42%
Dec
25
113% Jan
2
Feb
9% Jan
49
162
104
Dec
105
18
25
50% Feb 26
Jan
Aug
30
71% Jan
33% Apr
62
58
12
26
^Continental Can Inc
3,700
2,300
16%
15%'
i5%
18%
46
99% Jan 3
56% Feb 19
No par
$5.50 preferred
46%
46
57%
15%
3
Jan
104
2% Jan
Container Corp of America—:;
20
Continental Baking Co
No par
108
108%
46%
*107
17%
16%
17%
17%
17%
47%
2
No par
Consol RR of Cuba 6%
Consumers
2,300
51
140% Dec
68%
"
50%
Dec
Apr
Feb
Consolidated
280
112%
112%
113
2
Jan
35
Jan
Consolidated Vultee Aircraft
2,000
38
37%
38%
38%
May
105
42% Jan
20% Jan
38
Apr 20
101% May 2
108% Mar 5
31
Consol Laundries Corp
Natural Gas
17,900
Jan
123
5
$5 preferred
1,900
23%
113
114
*110
111
*110
38%
113
1081/8
461/8
48
20%
50%
91%
37% Apr 24
58% Apr. 9
19% Mar 15
No par
Consolidated Cigar
1,100
21%
190
110% Apr 26
57% Jan
2
47
No par
No par
Consol Coppermlnes Corp
Consbl Edison of N Y
1,300
51%
25%
X24%
52%
*108
109
47%
111%
52%
17%
17
109
16%
no?
& 46%
52
108%
21
21
51
26
38 %
35%
108%
51
21%
*112%
35
35%
109
108%
51%
39%
a 5i%
35%
35%
T—i 0 00
NOV
29
Co
Congoleum-Nairn Inc
8,200
20,800
9
8%
9%
48
No par
Edison
Conde Nast Pub Inc
900
52%
51%
53
9
102% Apr
9
19% Feb 26
59
Feb 26
112
100
$6 preferred series
Commonwealth
2,600
3
101
10
Credit
Jan
102% Jan
No par
Commonwealth & Southern—No par
100
36%
4
68% Jan
109
No par
w w
29%
9 % Jan
—100
100
preferred
$3.60
16,300
73
36
pfd
2
-
1
No par
Commercial Solvents
4,700
353/4
*71
37
52%
52%
9
21
112%
4,200
127
35%
35%
72%
36%
37»/4
25%
112%
159,600
4
126%
127
cum
Commercial
18,300
4%
$4.25
Dec
16% Jan
1QO
Columbian Carbon Co. (new) .No par
Columbia Pictures new
No par
770
24%
*70%
71%
50%
*38%
119%
24%
4%
4%
126%
25%
25%
24%
4%
22
50%
55%
119%
25%
56
119
127
50%
*21%
55%
119%
55%
52
52
109
109
109
108%
109
9%
9%
9%
9
8%
35
109
4%
126%
72
36%
36%
101
101%
15
-
20% May
20
preferred
Southern—
preferred series A
preferred
5%
105%
*
4%
4
4%
125%
124%
*
35%
35%
*71%
55%
119
25%
4
4%
125
55
118%
24%
25%
24%
»
124%
*101%
56
55%
118%
120
,'120
102
54%
54%
54%
103
*102%
102
*101
.
6%
1,300
*100
conv
to
Columbia Gas to Elec
1,800
106
*104%
106
109%
109%
109%
109%
109%
110
cum
4% non-cum 1st preferred—100
4% non-cum 2nd preferred—100
Columbia Br'd Sys Inc cl A
2.50
Class B
2.50
10
25
26
42%
42%
*104%
,
5%
Colorado
340
26
26
40%
42%
42
17%
*24%
26
*25
26%
*25
17
8
Jan
50% May
X23
30
112
100
preferred
conv
Colo Fuel to Iron Corp new—No par
15,300
20%
28%
-26%
26
5%
-
20 »/4
.——No par
Collins to Aikman
2,300
17%
42%
12%
114%
No par
No par
Colgate-Palmolive-Peet—
$3.50 preferred
240
29
*41%
.
51%
*1123/4
52
*112%
113%
2,100
106
Dec
Jan
Feb
178% Jan
53%
53%
*105%
-27
Jan
Jan
No par
Coca-Cola
Class A
>
No par
Coca-Cola International Corp No par
Highest
t per share
4%
114
152% Jan
100
(The)
16
141
100
Co
15% Jan
26
28% Jan
150
*1,300
-
53
104
52%
53%
104
53
—
No par
-No par
s
2
4
Apr
15
1
32% May 3
48% Feb 25
65%
65%
65%
20%
*28
26%
*25
27
*25%
188
65%
*1,300
17
20%
26%
27
26%
188
Preferred
168
20%
17%
20%
*27%
17%
17%
20%
*163
65%
*112%
114%
168
193
104
54
*112%
114%
*112%
114%
*163
'
52%
53%
104
54
53%
53
53
53
53i/4
104
104%
168
*1300
*1300
53%
53%
*104
60
35%
*162%
*1300
*57%
60
56%
*163%
*64%
*57%
60
35%
35%
56%
*112%
200
108
56%
—
130
110
106
*58%
34%
53%
■
71
*69
108
34%
104
20
112%
112%
71%
*103
60
34%
56%
*53
71%
72
106
56%
104
190
103
57
168%
34
600
192
*104
*58%
,
5,100
66
*103
60
*1300
*65%
*106%
108
58%
33%
,.>v 56%
66%
107%
*71
106
4*103
.
66%
192
111%
111%
71%
*69
34
67%
66%
66%
33%
25% Jan
113% Mar 15
117% Feb
No par
100
City Stores
S
Clark Equipment
No par
0. C. C. ti St. Louis By. Co
100
5% preferred—
100
Clev El Ilium $4.50 pfd
No par
Clev Graph Bronze Co (The)-1
5% preferred
100
Clev to Pitts RR Co 7% gtd
50
8peclal gtd 4% stock
50
Climax Molybdenum
No par
duett Peabody & Co
No par
10
33%
33%
33%
33%
33%
64
*105
107%
*110%
107
*105
107
33%
33
C 1 T Financial CorpCity Ice & Fuel—
City Investing Co
5Vz% preferred
1,030
105
192
68
195
*190 '
>104
*105
107
32%
105
107
*105
2,100
101%
6% Apr
29
a
Cinn G & E Co pfd 4% series—100
Cincinnati Milling Machine Co—10
Copper Co
Chrysler Corp
tper share
23
26
41% Mar 15
Chile
114
*112
116
*111
116
t per share
Marl3
19
1———No par
tchiids Co.—
8,500
50%
10
Oil
Cotton
Lowest
Highest
share
20% Feb
No par
Chicago Yellow Cab
21%
50%
< per
Par
21%
129 %
*111
Lowest
Shares
t per share
share
10%
128%
128%
EXCHANGE
50%
*49
116
*111
116
*111
$ per
Year 1945
Range Since January 1
NEW YORK STOCK
the Week
22%
10%
10%
Sales for
May :i
May 2
21%
21%
50
50
49
129%
128
129%
116
21%
*
share
"22
23%
*21
10%.
10%
49
48%
48%
128%
Mil
*22%
22
*21
$ per
I per share
share
23%
23%
22%
21%
'
$ per
pershare
Friday
Thursday
Tuesday
Monday
Range for Previous
STOCKS
HIGH SALE PRICES
Wednesday
May 1
April 30
LOW AND
Saturday
Sit 5w
Apr 20.;
40% Dec
34%' Jan
50% Jan 29/
47 Vzim
34% Aug
2%. Aug
.,
49%;§v
39%|Mar
_
:§rf
57% Jun
33% Dec
7% Mar
16% Jan 16 /
16% Jun
Jan
25% Dec
75
Sep
29% Dec
45% Nov
..r.-v1..
-' >75
•,
78
-
>79.
*
38
38
37%
42%
43%
42%
47
47
30
30%
>
96% 101
•105
Fcrfootnotetfseepage 2460.
HO »;
27%
i
78
*74
;
38%
42%
47%
36%
109%
102
*105
*
:
/ 110
-v
10
37
2,200
Devoe
1,300
Diamond Matcn
,
"
:
.
-
42%
46%
s
46%
293/4
30
106&
*105
Detroit HlUsdale & S W RR CO—100
78
42%
47%
30%
36%
27%
109%
110
600
1,700
«
V.
19.300
___
6%
& Raynolds A
partlc
new——.12.50
preferred
Diamond T Motor Car Co
Distil
•n
5 %:
Corp-Seagr's Ltd
No pat
-25
Jan
75
28
«
3
Jan
25
14
J?,Tl
Apr
77
Feb 25
3
15
49% Apr
15
34% Jan
14
83
Feb
25
105% Mar 15
109% May
109% Feb
2
5
Jan
33
4
Mar 13
No par
67,
25% Dec
38% Apr 23
50% Apr
40% Jan
27
21
17
43% Jan
3
preferred-^-^i^-^^^lOO
3
28
Aug
40% Jan
-16% Jan
.
38
105
48
35
Nov
Dec
98
Dec
109
Mar
■
Jan'
711E COMMEKdiAi & IflNAiJClAt' CHRONICLE
NEW YORK STOCK RECORD
LOW AND
April 27
.
;
9per share
"50
HIGH
Monday
April 29
/
Tuesday
*
9 per share
< per share
*51
57%
41%
41%
41%
30%
30%
30%
24%
25
24%
*50 %
56
25%
87
87
181
"114%
117
.
87
180
26 %
111
32
32
32
"35%
36%
110
32%
..
36
'I
24%
*35%
114%
24%
33%
208
127
127%
*127
127%
114%
114%
114"%
*114%
114%
25
25
208%
25%
25%
210
25%
129%
126%
47
47%
49%
256% 256%
258
258%
257
208
208
208
208
!
*206
259
179%
.*114%
26%
*108%
111
33%
-
'
333%
36%
35
210%
208
36
127%
127%
1143/4
25%
25
206
206
64%
64%
64
64%
63%
64
63
39%
*39
39%
38%
38%
39%
39%
3 3A%
Du P de Nemours
;
*205
208
6%
90
61%
63
....
39
39%
r
*108
1,000
43%
111
U0%
*110%
111%
*110%
11%
50%
111%
8,200
12
11%
11%
11%
11%
12
11%
11%
11%
11%
2,200
44%
45%
*110%
47%
47%
111
52
110%
110,
50%'
110%
100%
26
167%
184% Apr
116% Feb
18
33% Jan
17
108% Feb
100
4%%
20
52
,
Ekco
24% Mar 12
Products Co——.
30%
Dec
28
34%
Dec
192 %
Oct
132
Jan
8
129
Feb
116% Feb
5
117
vllar
75%
75
75%
75%
76
31%
31%
75%
75%
31%
31%
31%
31%
31
31%
2,100
4,900
Electric
6%
6
6%
4,100
27%
31%
31
31%
6%
6%
6%
6
6%
28%
27%
28%
27%
6
28%
26%
27%
26 %
166
169%
170
170%
170 %
171%
171
171
170
154
180%
174
176
155%
153
154
155%
157
157
157
157
165
*53
160
161
53%
53%
53%
53%
2,700
53%
53%
53%
54%
54%
53%
54
57%
800
57%
58
58
58%
58
58%
57%
58%
56%
57
2,100
*56
23
23%
32%
33
32%
33
92
92
92
*91
*105
23
105%
40%
*105
40%
"103%
106
105%
3%
16%
16%
78
106
105%
3%
103%
78
'
*92
*105%
23%
105
40%
39%
4
22%
22
32%
33
32%
92%
92%
*105%
106 %
39%
40%
106%
40
39%
104
*103
191
105
105
105%
105*
33
3%
v
3%
4,000
Emerson Electric Mfg Co_.
323/4
4,200
Emerson Radio ds
900
103%
103%
103%
103%
105
104%
105%
*104%
1043/4
200
105
105
*105%
106
170
3%
3%
4
3%
3%
4
94
16%
16%
16%
16%
17
16%
17
16%
16%
77%
77
77%
77%
18,200
77%
*77%
78
773%
773/4
900
94
*91%
93
*91%
*92
94
94
'92
*92
'
RR
Erie
93
17%
17%
18%
18%
18%
17%
17%
17%
17%
30%
30%
30
30%
30%
30%
*30%
30%
30
57%
30%
31
31
58
57%
53
5,900
2,100
Evans
56
53%
53%
54
52%
543/8
54%
56
54%
55
1,500
55%
54%
54%
54%
*9%
9%
*9%
9%
9%
9%
73
73%
73%
74%
*53
9%
*9%
72
73%
71%
'
17%
9%
72%
*9%
71
•' Dec
5
5
29
180% May
19% Dec
158
Dec
2
2
May
58% Apr 24
25
146 /
18
48% Oct
30% Feb
2
21% Au g
37% Feb
6
20% Mar
Jan
94 *
104% Apr 24
1
May
Jan
24
41% Apr
Feb 25
02
Apr 22
111:,
103
17%
'
*9%
Eureka
Williams
i-ilii) 11
111 a
11
15
100%
8
100%
Sep
6
101
Sep
*
v
53/4 Jan
30
23 % Jan
28
93 i
Jan
17
93% Mar 15
95
Jan
29
23% Jan
28
16
109
15% Jan
2
-
11
16% Mar 21
^
23% Jan
>;
1
73
74%
2,400
Fairbanks Morse St Co
20
Farnsworth Televls'n & Rad Corp_l
Feaeral Light & Traction
15
$6 preferred
No par
9
86
/Dec
Jan)
82
Nov
10% Jan 28
3
Jan
Jan
86'
63% Jan 15
18% Jan
4% NOV
May
12%
68%
•
•
20% 'Jun
■
•
Apr
62% NOV
8% De*"
42% Jan
6
Jan
F
72
72
'
No par
28%
28%
28%
28%
28%
28%
28%
28%
283/4
29
15%
28%
29
15%
15
15%
1,500
15%
15%
15
153/8
15
15%
14%
15
24%
24%
24%
6,900
23%
23%
23
23%
23
233/4
23%
23%
*110%
111%
*110%
111%
110%
110%
110%
60
50%
*49%
50%
100
33%
33%
3,000
Federal-Mogul Corp
17%
18%
6,100
8,400
Federal Motor Truck
No par
Federated Dept Strres
4%%
conv
preferred
No par
100
—1
*24%
*110%
"48%
111
50%
*48%
50
*48%
109%
110
50
50
110
50
*49%
33
33
33
33
33
33
33%
34%
34%
35
17%
17%
18
18%
183/a
183/4
18%
183/4
18%
18%
*
74
74%
107
107%
29
29%
*61
74%
107
*29%
61%
77
61%
77%
*108%
"63%
743/8
107
108%
61
77
*111
63%
63%
'63%
44%
44%
44%
•in
19%
54%
*53%
19%
113%
*111
54%
19
74%
743/8
75%
*75%
106 %
*105%
1053/4
105 %
29%
29%
29%
29%
62
77
*107%
65
113%
*533/4
73%
105%
30
61%
77
108%
44%
44
75
107
293/4
61%
76%
110
74%
*106
30
77
*107%
110
16%
97
65
44
19J/8
19
19%
19
57%
57%
*55
163/4
16%
17%
17
17%
17%
19%
18%
58
*55
17%
*111
54
19
16%
Florida
8,600
100
16%
1,400
98
57
105
103%
65
66
66%
67%
65%
67
66%
66%
66%
67
4,700
Food Fair Stores Inc
98
98%
98%
99
99%
99%
99
99%
43%
99
99
1,500
Food
*42
*43
44
26%
43
26%
29%
30
155
43
263/4
293/4
161
30 %
*155
*43%
43
*26%
30
161
43
43
158
26%
*26%
29%
43
26%
30%
*26%
29%
161
158
*26%
28%
163
*163
102
103%
44
26%
26%
120
29
28%
28%
2,700
180
*163
180
58%
57%
58
57%
57%
57%
58%
57%.
58%
42%
57%
43%
43%
43%
43%
43%
43
43
42%
43%
42
423/4
LOW
Monday
April 27
April 29
8 per share
12%
12%
HIGH SALE
9 per share
12%
Thursday
May 2
9 per share
9 per share
12%
12%
10%
10%
10%
9%
10%
9%
20%
*20%
203/i
20%
20%
*20%
*23%
24
*23%
24%
233/4
23%
23%
24
*243/4
25%
10
12%
12%
12%
Friday
May 3
12 «/8
12%
9%
X23%
23%
231%
23%
25
253/a
25%
25%
25%
24%
25
75
r76
15
15
153/8
15%
15%
15
15%
57%
57%
59%
61
X61
61%
60%
613/4
61%
18%
19%
*106%
109
68%
69
12%
19
197
*25%
13%
*106%
57%
57%
*112
•
19%
18%
109
68%
13
13
13%
13
13%
12%
13%
197
199
200
*198
*243/8
14
13%
13%
13%
15%
15
153/B
14%
50
49%
50
50%
54%
53%
54%
154
36%
178
37
37
178
*176
45
44%
7;>130%
>116
117%
46%
45%
54
53%
37%
54
*198
53
154
*176
46%
533/4
200
152
373/4
178
45%
£ 73%
'128%
152
37%
37
178
*176
45
'
*
1,000
3,300
44%
13%
200
25
Jan
14
Apr
Mar
Jan
4
1
118
60% Apr
11
34
Jan
45% Jan
19
26
29
35
Dec
163
?
May
Amer
$8
37%
1,200
178
27
26
8% Jan
16
4%
11% Jan 29
Apr
12% Dec
Jan
14%
15
per share
10%
Jan
16
2
Jan
•
$
'
De©
19% Nov
Apr
-
293%
Nov
163% Mar
283A Dec
Jan
28
66%
Feb
86
Dec
12% Jan
5
16% Feb
18
7%
Jan
14%
Dec
50
5
50
54% Jan
3
18
51%
Nov
58
Dec
35% Jan
4
65% Feb
60% Apr
9
23
Jan
78
Jan
8
118% Apr
9
58
Jan
17% Feb
26
19% Apr
5
12% Jan
107% Feb
5
Jan
14
Feb
5
71% Apr
22
12% Feb 26
143/4 Apr
6
83%
Apr 29
160%
71
293% jan 29
60
85
Mar 23
Jan
Apr
11% Feb
33 3/4 Jan
200
26
par
108
28
por
3
par
182
„
56
171
Jan
2
182
No par
45%
46%
45
453/4
30,000
'53%
53%
53
533/4
4,700
General
44%
1,700
General Mills common
132%
130
General Electric Co
17%
45
Feb
26
52
403/4 Apr
Mar 13
Apr
Feb
80% Dec
24%
109%
Dec
61%
Dec
Jan
14%
Dec
185% Dec
Jan
"27% Dec:;
Jan
Mar
15
Jan
1143/4
Dec
Apr
19
Jan
,
145%
8
37% Jan
8
40
51
Feb
4
135% Jan
8
Oct
36
Oct
172
153
56% Feb
Dec
38% Nov
i
:
27% Mar
Oct
15
8
40% NOV
•
Jan
6
3
par
.100
31
49
3
156% May
2
1043/4
17
9
May
139
•
Jan
-
28% Apr
16 3% Apr
2
.100
preferred
General Cigar Inc—
7% preferred
10
Feb
22
General Cable Corp
Class A
...1.
cum
21
223/4 Mar 13
—5
No
preferred
7%
2
Highest
f per share
.100
6,700
1,040
26
Jan
22
Transportation- .—5
15
7,100
15% Feb
3
8% Feb
General Bronze Corp
56
9 per share
1
—
General Baking
100
Lowest
;
1
Investors
1,600
156%
Vear 1945
Highest
10% Jan
20
243/4
45
*44
*131
132
131
131%
117%
117%
*116
117%
117%
117%
117%
1173/4
400
73%
73%
72%
73%
71%
72%
23,100
128%
74
73%
44%
44%
74
44%
441/2
*131
'
Foods Corp—
5%
preferred
3%% conv preferred
General Motors Corp
128%
128%
127%
128%
1,400
$5
28%
27%
28%
27%
28%
271/4
27%
26'/a
27
4,300
Gen
36%
36%
36%
5%
37
37
36%
363/8
36
36%
Gen Precision Equip
*5%
53/4
53,i
5%
1,600
1,800
22
21%
21%
21%
215%
5%
5%
5%
21%
22%
21%
43
43%
43%
43%
*148
152
8%
8%
32%
39%
32%
39%
39%
118%
118%
♦
Jan
9
Feb
19
No par
CO:
27%
t!".
152
25
Feb
34% Jan
A'o par
(The)
$4.50 preferred
68
131
5%
footnotes
Amer
Gen
109
131
„
22%
120 .<■' 120
Co
36%
•'
% Jan
28
35% Jan 28
47
1
1
26
common
(Robert)——;
4%% conv preferred
Gaylord Container Corp
5% % conv preferred
Gen
132^
5%
For
37%
*176
49
9
Bange for Previous
$3 preferred
8,400
19%
117%
37%
*39
37%
178
200
154
54%
22%
■
154
Jan
May
49% Sep
;
i)t
^p01
132
32%
155
46%
>&
■-.-.-44%
28%
13«/«
25%
,>130%
128%
13%
24%
154
;
28%
68
25
46%
*36%
*106 »/2
68'/4
»49
53%
'128%
127/s
109
200
155
Jan
15%
2
26
■
Lowest
Gar Wood Industries Inc.—
90
18%
Inc
Gardner-Denver
3,900
14
.
47%
59% Aug
Range Since January 1
preferred
Game well
1,800
25
37%
73%
68%
19%
60%
58
119
200
180
;;:'/73%
60 %
6%
42,700
58
26%
14%
Gabriel Co (The)
Gair Co
140
15%
*114
25%
26
200
61%
58%
26%
28%
46%
:
*106%
68%
'^52%
*148
109
*106%
69
154
-.1/ 8%
18%
109
14%
116
19
68%
«
'
:
573/4
115
18%
*106%
153
'
19%
573/4
116
69%
50
*36%
57
*112
*69
'49
*178
57%
117
Feb
6%'Mar
Apr 1?
67% Apr 30
6 per share
1,400
'
_
115
Dec
16
17
142
1
Jan
16%
105
Apr
:
30%
Apr
100
Jan
10?''July
18
21% Feb 16
4
26% Jan
Jan
23%
2
2
Apr
42% Jan
58% Apr 26
26
37% Feb
EXCHANGE
600
14%
56%
673/4 Jan
Jan
53% Mar
105%
41
3
Jan
Jan
50
7
18
19% Apr
6
57
26
11% Jan'
27
Feb
11
Feb
16% Jan
41
STOCK
NEW YORK
300
75
115
42
Corp..
Fruehauf Trailer Co new
14,100
20%
25%
56%
17
preferred
Francisco Sugar Co,
1,900
93/8
13 3/4
115
5
45% Apr
115 ' Jan
Shares
*20'/a
10
74
56%
65 % Apr
34% Feb 26
110% Jan" 2
.
prior
Sales for
9 per share
12%
24%
112
Apr 15
54% Feb 25
par
Machinery Corp
the Week
20%
93/4
13%
76
6
"
70
Jan
21% July
17
33% Jan
6%
1,200
4,000
20%
10
203/4
73
25%
83% Apr
109% .Tan
103;
STOCKS
Wednesday
May 1
*20%
3
72% Feb
PRICES
Tuesday
April 30
9per share
12%
AND
9
Jan
1
Foster-Wheeler
30
57%
conv
Jan
-10
—10
25
No par
Fk'n Simon & Co Inc 7% pfd—100
Freeport Sulphur Co
—10
800
26%
*57%
Saturday
5%
870
61
Jan
23% Jan
28 %
3
May
Jan
Mar
9% Jan
16
10
100
Corp
preferrtd
'
7
Feb
No par
Steel
Follansbee
63%
105
Feb
34
7%
Power Corp
Piorsneim Shoe class A
97
99
108
No par
No vnr
_—
63%
99%
76
17
X66
No par
com
97
,
No
Stores
(The)
$4 preferred
18%
16%
Co
Florence Stove Co—
200
56%
*55
17%
26
28
10
preferred
Flintkote
2
17
25
Corp.—
National
First
6,900
54%
18%
56%
4%%
1133/4
*53%
Enamel
May
19% Apr
Mar 14
100
800
64%
113%
35
26
107
433/4
54
Feb
Jan
25%
7
50% Feb
Firestone Tire & Rubber
64%
*111"
543/4 Feb
Xl04% Apr
Fidel Phen Fire Ins N Y
100
44%
54 %
1
4
14% Feb 26
3,400
64%
113%
26
>
1,400
43%
*53%
104
763/4
64%
*111
112% Feb 13
109% May
41% Jan
62
110
45%
54%
17
Ferro
76%
*108%
10
200
64
593/4
97
61 %
77%
110
12% Mar
263/s Jan
2,600
44%
*57%
97
63%
77%
*108%
9
29%
29
64%
593/4
*57
*62
77%
76
25%
193/4 Jan
21% Mar 14
5
.
42% Jan
5
14% Mar 13
2
Federal Mln & Smelt Co
'jan * 28
36% Feb
105%
45
113%
54%
63
110
1,600
i.v
27% Mar 13
Fajardo Sug Co of Pr Rico
see
8%
33
page 2460.
43%
150
128
44%
150"
43%
*146
•
128%
44
43%
150
8%
8%
33
33%
32%
32%
39
39%
39
39
8%
119% X2Q%
.
119% 121
•«
*146
8%
8%
32%-
*128
5%
21
44%
44
150
*146
r
8%
38%
44%
;
8%
8%
313/4
37%
common—No
Public
Utilities
6%
Gen
General Refractories
,370
Corp
preferred.
2,100
Realty & Utilities
General Shoe Corp
2,700
*
43
Feb
20
130
Feb
4
70 % Feb
1273/4 May
20
par
•
Mar
132 /
2
29
2
43/4 Feb
18% Mar
>:
:
?
1134
; 123
Mar
Dec
77% Dec
Jan
125
May
130
Mar
10
Jan
23
Dec
22%
Jan
36%
Dec
1% Jan
5
62
7%
Dec
Apr 26
14
40% Jan
38% Mar
.73% Jan
26
4
;
142% Feb
7% Jan
3
150
27
10c
.
*26% Mar 13
.29
Jan/14
112% Mar 23
23
f
,
15
Apr 18
47% Jan
4
TOO
__1
Feb
56
Nov "
11523/4 Aug
j
Aug
Oct
•
'
5
Gen Steel Cast $6 preferred—No par
114%
'
•
Feb
43% Aug
127
14
30
123
26
33 % Mar 13
10c
No par
Jan
80 3% Jan
115% Mar 29
Gen Railway Signal,~No par
30
7,100
•
49% Feb 20
Corp—No par
Gen Public Service—
2,700
•
preferred
Outdoor Adv
Gen
26,300
150
37%*
38%
120%
„
51%
-
21%
31%
33
120%
:
129
No par
No par
100
—100
..10
—No par
123
12
8
/v
130% Jan
10
:/
Mar
31
Jan
99
8%
34
Jan
19
46%
140
Feb
3% jan /;,/
21
35 % Apr
22
403% Apr 20
£
28% Jan
15
Apr
ll3/4 Feb
1
20% Dec
28%'Dec
•
583/4 Apr 26
45% Mar 14
-
2.50
100
3
18
61% Jan
-3
9%
3
Apr
July
July
July
108
11% Jan
333/4 Apr
3 % Jan
Dec
Dec
106
Jan
Mar
'
111%'Mar
16% Apr 26
■
46
Corp—
Exchange Buffet Corp...
81 *!
37
Jan
77
par
—5
Co—
27% Deo
107% Dec
Sep
J
16
fl.
29% Jan
Mar
100
par.
—No
...
Corp..,
Products
*
106% Jan
110
•
Dec
55% Nov
.
Jan r 5
4
Dec
7% Dec
.50
",
__
24%
;
Apr 20
165
105
Ex-Cell-O
55%
Dec
2
Eversharp Inc
55
7,200
52
Dec
13
55% Jan
32
Dec
112
80% Feb
102% Apr
8
104% Apr 11
Erie & Pitts RR Co
17%
55%
54%
39%
25
353/4 Apr
3
No par
Bldg——No
common.
1
Feb
'
5% pref series A
Dec
,7% Jan 24
3
No par
...
May
Oct
109%
75
.No par
46 preferred—
lEqultable Office
6,500
16%
77%
•
1
66'/a
Mar 14
213/4 Apr
1
$5 preferred..—
15% preferred;
510
Jun
2
24
100
Engineers FUbli© Service.
200 *
10
46% Jan
5
.50
preferred..
27
49% Mar 13
4
Phonograph
Endicott Johnson Corp—_
Apr
Feb
163/8 Jan 28
7
Jan
Dec
114
3
148% Jan
137
229
52
4
21
17% Jan
24
111
3
67% Jan
3
22%
105%
Mar
Dec
Apr
71
'
110% Apr 26
Jan
Dec
353/b Nov
40% Apr
9
11
V
208
8
3
Feb
108% Jan il
No par
No par
No par
92%
103%
-
Jan
28
21%
134
2"
263
26
58% Apr
■
Light—.—No par
El Paso Natural Gas—
6,100
3
24
51% May
5% Mar 14
preferred
preferred
Storage Battery
K%
263/s May
133% Apr
2
193/4 Jan
Electric
30
39%
*105% 106
383/4
39%
*105%
105
-
22%
33%
Q9
105%
106
23
32%
QO
105
104
106
22%
32%
92%
92
105
4
-
23
*32%
105%
40
105
*105
23%
$7
$6
26
13
Feb
Boat
Electric Power de
23,500
4,900
4
.
Feb
215;
Elec St Mus Ind Am shares
30%
6%
27%
Jan
383/4 Jan
30% Jan
1
8
75
6%
Jan "2
98
100
75%
28%
3
Deo
Apr 23
—5
75%
113
212
:
pal
preferred
Jun
114
1
Elastic Stop Nut Co
Electric Auto-Lite (The)
Oct
33%
12
363/4 May
Dec
115
126% Apr 15
.100
.
75%
27%
Apr
Dec
26
30
100
75%
"6%
7
193/4 Feb
preferred
4%%
100
116
8
181% Feb
100
preferred
cum
Oct
29% Nov
•
143% Feb
Eaton Manufacturing Co
4
Edison Bros Stores Inc com new..!
3,800
Dec
*.'■ 29%
6
23 % Mar 14
1st pfd
Duquesne Light 8*
Dec
50
108% Mar 25
Eagle-Plcher
11%
111
$4.50 preferred
50
Mar/;;
4
113% Mar 12
-No par
(E I) St Co
20
i
No par
Duplan Corp
1,200
9 per share
17'/a Mar
47
1
50c
par
preferred
conv
3
24
No par
—
Eastern Stainless Steel Corp
Eastman Kodak Co—
No
'253
-
Highest
29
Dunbui -International^————!
,
^
9 per share
Apr
kastern Airllnes-ln©———4
*110%
110
*108%
common—No
9,700
45
110
86
5,100
44
*108%
233/4 Apr
No pat
2,800
110
109
-
$4 preferred series A
140
*109
109
Corp
6
Jan i 3
No par
500
•
25%
251
63%
39%
31% Apr
293/4 Feb
'*,
Mar 19
.51%
50
253
48
v
125%
125%
••
50%
40% Apr
25
Dow Chemical Co
700
1143/4
129 -V
May
Dresser Industries
3,500
127%
114%-
Apr
58
Douglas Aircraft
v
4,500
208%
127%
52
100
36%
36%
26
Mar 28
Dome Mines Ltd
2,300
8,000
111
209%
Feb
52
100
26%
*108%
33%
39
Doehler-Jarvls
800
115
9 per share
Class' A—-«--Na par:
Dr. Pepper Co,—m
i—No par
6,500
•'
179%
26
114%
253
209
180
115
*
26%
114%
25%
127
45%
127%
115
127%
129%
129%
180
210%
114%
45
44
88
Year 1945
Lowest
$
Dixie Cup Co commonpar
3,600
24%
86%
36
208%
*127
44%
128%
r
24
33%
36
36%
205%
24%r
I per share
400
30%
Range Since January 1
Lowest
Highest
EXCHANGE
270
-
42
30
88%
111
*108
127%
42;
30%
24%
26%
Ranre tor Previous
NEW YORK STOCK
•
1,300
58%
87%
115%
26%
Sales for
51%
24%
180%
>115
205
60 ^
*57/
87
180%
33%
51
30
■*.'
Shares
57%
42 W-
*41
30%
,86%
180%
27%
51
■:, STOCKS
the Week
$ per share
56%
42
30%
110
32%
36%
■>
58
117
26%
111
51
57%
87%
*115
.
27
*110
205
87
50%
56%
*41
Friday
.MayS:''
-
9per share
52
.»
180%
117
26 %
"110
"126
t per share
41%
30
52
180
25 %
:■
-Thursday
May 2
*56%
31
24%
'
Wednesday
57
41%
"30
PRICES
April 30
51%
57
"40%
SALE
'
Saturday
v
133%
Dec
Oct
Dec
Dec
Dec
Dec
"
vwvt"."n^n»iK0i10S*"^<a
■*-
~
-
—
(v.
2454
;
.
.'*0
NEW YORK STOCK RECORD
1)
'
HIGH SALE PRICES
tow AND
Saturday
April 27
Tuesday
Monday
•
April 30
April 20
$ per
$ per share
t per share
share
44%
45
44 %
44%
44%
45
45
tper share.
*105
108
;
103.
•*06
108
,
^
46%
48
48%
112
*109%
50
49%
*109%
>.
111%
39
39
39%
*105% 107
61%
•.'■■
*105%
61%
105
•*46
46%
*55%
46%
6%
6%
80
73%
74%
*110%
110%
'*36%
74
37%
10%
9%
9%
*41%
42%
74%
75%
*37%
42
10%
9%
10%
43
42
.
42%
83%
46%
46
57
80%
44
42%
7,800
.
■
,
,*
100
' 17,000
>
6%
6%
140
42%
1,000
>
20
42%
2,000
80%
80
*103%
3,700
73%
3,800
,
37%
38%
10%
10%
9%
1,500
x43
43
21%
21
21%
21
21%:.
21%
21%
21
21%
20%
20%
QQ
39
39
39
38%
38%
38%
39
39%
39%
38%
*
800
39
*106%
110
*107%
111
*107%
*107%
111
18%
18%
13%
58%
58%
58
30%
30%
30%
18%
18%
18%
59%
59%
30%
30%
185
185
186
186
68
*62
68
18 Va
18%
58%
59%
59%
59%
31
30%
31
30%
30%
.9,400
30%
*185
187
*185
*62
68
*62
68
89
90%
89
89
8.9
42%
42%-
42%
42%
*109
110%
*109
110%
43%
44
44%
11%
11%
90
87%
44%
43%
109%
*109
43%
*11
96
*95
96
96
96
23
23
23
23
22%
23%
23%
23%
23
23%
65%
65%
65%
65%
60%
66%
*65%
66%
66%
67
76%
76%
76%
76%
76%
76%
76%
75%
76
75%
75%
40
39
39
40
40
38%
38%
41
41
42 Va
97%
*95%
97
76
*95
96
22%
100
'
23
' ^5 conv
900
107
4
57
111%
Dec
13% Mar
26%
Dec
Mar
105%
Dec
Sep
104%
Jun
107
90
2
May
96
Dec
47% Apr
20
25 %
Jan
39
Oct
Apr
29
52%
Jan
57
May
Mar 25
8% Jan
29
3%
Jan
7%
26
151% Jan
8
147 V* July
165 Va
35% Jan
3
44% Apr
10
Feb
26
88% Apr
3
53
July
102% Jan
4
6
102
Apr
Mar
6
Apr
68
77
3
58% Jan
34'A Jan
10%
10
74%
63%
July
48
3
"4
Oct
105 V.\ Mar
Oct
3
107% May
115
Nov
12% Mar
39
Dec
43
Feb
18
16
Jan
30
12% Jan
3
Jan
6% Jan
Apr
113% Jan
Mar 22
107
Mar
107
Oct
Jan
Nov
40
Feb
25%
19
4%
Jan
7%
Mar 29
18%
Jan
33%
5%
12% Aug
Jan
Nov
Dec
5
45
3
27% Feb
8
14%
Jan
21%
Dec
26
39% Apr
112
Feb
10
25%
Sep
33%
Dec
Sep
109%
Nov
30% Mar
19% Jan
29% Feb
8
18
105
Feb
4
54% Feb
26
63% Jan
16
46
30
Feb
27
34% Jan
28
28%
172
Jan
14
188% Apr
17
Feb
5
21
3
21%
14%, Jan
Dec
65% Nov
Aug
Nov
39%
Jan
May
175
161% Mar
65
Mar
64
Jan
75
Oct
1
77
Feb
25
92% Apr 22
52%
Jan
86
Dec
30% Feb
26
45
1
22%
Jan
x35
Dec
108% Jan
14
5
104%
Jan
Feb
25
52%' Apr
4
28%
Jan
1
10% Feb
25
13% Jan
25
No par
91% Feb
100
1
42
79
7
May
111
Apr
108 Vz Mar
55%
5% Mar
Dec
Dec
100
Oct
82
Dec
12 Va
"
25
22% Apr
26
30 Va Jan
28
14% Mar
30 Vz
Jun
65
Apr
26
78% Jan
28
58
Jan
82
Jun
57% Feb
26
76% Apr
27
49%
Jan
61%
Dec
20
35% Feb
1
40
26
10
No
No
Jan
par
par
-21
preferred
*5 preferred—
Gtllf Oil Corp
7,400
9
18
Apr 23
42% Apr
Dec
13
140
No par
Gulf Mobile & Ohio RR
3,700
68
*66
Dec
Jan
118
38%
Apr
Jan
Guantanamo Sugar common
1,700
46
70
Apr
Grumman Aircraft Corp
.
Jan
26
100
'4,100
11
30
106
17
Green (H L) Co Inc
Greyhound Corp (The)
4%% preferred
-
___
Mar
51% Apr
2
54
100
43%
42%
10%
111
22
3
No par
No par
No par
West RR
16,200
'
1,300
105% NOV
26
Apr
108
Preferred
Green Bay &
27 % Aug
4
Jan
100
109%
*109
43%
11%
96
11%
130
44
44%
11%
-
4
36% Jan
10
preferred
44% NOV
25% Mar
10
17
Feb
45% Apr
111
39% Feb
No par
Great Nor Iron Ore Prop
Great Northern Ry 6% pfd
Great Western Sugar
___
87%
43%
45
109%
43,
11%
43%
*96 '•
88%
89
*109
110
11%
2,600
187
68
42%
11%
59
30%
186
42%
3%%
•
58%
185
90%
43%
-
'3,300
*62
41
*109
2,300
18%
68
'
90%
11%
111
18
188
*62
43%
*107%
18%
59%
*186
*62
*107% 111
111
18%
.,2,900
26
103
-
1,600
28,400
*9%
26
103
Goodyear Tire & Vtubo
No par
85 convertible preferred—No par
' Gotham Hosiery
-No par
Graham-Paige Motors
;_1
4 Granby Consol M S & P
—9
Grand Union Co..
JNo par
Granite City Steel
No par
Grant (W T) Co
5
1,200
,
37% Feb
22% Jan
No par
(B F)
22
109% Apr
1
85 preferred
74'/a
110%
21%
'. v
Goodrich Co
26
Jan
$ per share
$ per share
46% Apr
6
36% Feb
100
-
Goodall-Sanford Inc
'
105
110
43%
tGoebel Brewing Co
Gold & Stock Telegraph Co
>4,600
'
36% Mar
50
jl%% conv preferred
;
Sper share
108
.
___
2,800
57
140
81
-20
46%
57
*103% 105
75%
75'%
110
110%
37%
38%
10%
10%
9%
10%
*42
68%
105
>7,300
.
107
66%
*104
6%
6%
*139
143
42%
42%
6%
387/a
*106
70
105
10
,
38%
107
* 10"
43
39
57
143
Par
108
51
46%
47%„..
104%
74%
74%
110% 110%
37%
37%
10%
10%
38
10%
10%
10
*106
$ per share
Telephone Corp
20
Gen Time Instrument Corp—No par
'
4%% preferred
—„
100
General Tire & Rubber Co
5
4%% preferred
100
' Gillette Safety Razor
No par
■
*5 conv preferred
No far
Girabel Brothers new
No par
$4.50 preferred
±zNo par
Glldden Co (The)
j.No par
Highest
'
HighCvt
Lowest
Lowest
/General
* 1,300
Year 1945
Range Since January 1
8,100
/
.
110
67%
*103%
110%. 110%
43%
49%
*104
82
82%
43'
43
*109%
*106
65%
105
42%
43%
104%
38
9%
6%
*137
6%
143
41%
Range for Previous
STOCKS
NEW YORK STOCK
EXCHANGE
Sales for
the Week
Shares
$ per share
51%
38%
57
57
43%
81%
110%
37%
11
10%
47%
47%
*103%
74%
110%
106%
* 104%
81
43%
80
*103%
39%
64%
64%
105
43
80%
105
*139%
143
38;%
-
57
6%;
6%
*137
43
43
*103
*56%
51
,
109% 109%
106%
39%
.
43%
43%
43%
44%
*106
108
*109% 110
105
46%:
57
6%
143
*104 %
46%
56%
56%
.
107
61%,
62
*104%
:
*106
107
63
*137
39
39%
105
51%
.
*109% 110
"
Friday
May 3
$ per share
44%
44%
44 %
*106.
108
51%
51%
43%
44%
45%
!
>
Thursday
May 2
Wednesday
u
May 1
*
;>"%.44%. 44%
U *105
Monday,
THE COMMERCIAL & FINANCIAL CHRONICLE
.:::/r^t.;::5vr/:^:'';--^.,;;.v^-''''
J
28% Feb
26
108
26
H
40
*39
*39
37%
37%
23
112
23%
108 Va
*107
27%
108 Va
28
*156
23%
53
14%
27%
12%
108%
28
28%
28
*113
108 Va
27%
*107
*156
Hail
900
830
29
4%
52 Va
52%
53%
54
54%
53 Vb
53%
*51%
53%
*14%
14%
14%
14%
*14%
14%
14%
14%
700
*98%
100
*98 Va
100
100
19%
19
19%
18%
19
13
12%
13 Vb
12%
12%
100
18%
12%
-
100
100
100
*98
100
26
105% Jan
Jan
39
Jun
Jan
43 %
Nov
8
15 Va
Jan
27%
Dec
11
Apr
»
103 Vz
Aug
Mar 14
111
16
40
8
152
x30
Apr
Jan
17
Feb
26
54% Apr
10
4
16% Jan
106% Jan
24
__25
121
18%
18%
17%
18
5,400
12%
12 Vb
12%
12 Va
12%
6,600
172%
174%
7,900
Hazel-Atlas
2,300
Hecht
160
16
7%
155
Jan
2
20% Apr
22
9%
16%
Dec
Dec
1
15% Jan
28
6
Mar
14
Dec
22
108
Mar
134%
25
Apr
13% Apr
12% Apr
Oct
98
104%
Jan
Nov
35
Dec
103% Dec
'
165
167
40%
167
41%
*107
*185
42
107
107
107
107
*83
86
83
83
*185
189
185
185
*185
*185
189
33
33
!
:66
*65
•137% 139
95%
95%
34%
38%
38%
•*34
30
500
100
103
105
106
140
139%
140
37
36%
36%
300
36%
99
140%
38:
37 Vb
37
38%
38%
38%
38%
38%
35
34
34
34%
36
74
*71
74
71
71%
30%
30%
*
29%
29%
29%
66
104
104
15
10o
preferred
(G
7%
1,300
1 '.9%
Co
4,700
Rubber
38 %
1,200
37%
1,700
Hires Co
70
70
500
Holland Furnace
29%
29
29
900
Hollander & Sons (A)
The
(Del)
31%
31
33%
33%
33%
33
34
32%
33%
5,000
49
49 Vb
48
49 Va
48
48%
47%
47%
4,300
23%
24
23%
23%
23%
23%
23%
23%
23
23%
22%
22%
2,400
Houdaille-Hershey
61
1,700
32
1,800
61
61
*60
30%
30%
*90
*93
*90%
42
60%
61
61
61
31%
31%
31%
31%
106%
106%
*105%
91 %
90%
90%
*90
61
32
317/B
107
106 Va
106%
$2.25
!"
:
33/*%
27%
27%
27%
28
28%
27%
27%
9,500
Houston Oil of Texas v
49%
48%
48%
48
48%
47 %
47'/a
1,700
8%
8%
8Vb
8%
4,000
Hudson
9
8%
20%
20%
21%
20
20%
20 Vb
19
19
2,100
41%
42
42
42%
42
42
41
41%
41%
41%
3,200
29%
30%
29%
29%
29 Va
29%
29
29 Vb
28%
29 Va
28 Va
28%
6,800
Hud Bay Min & Sm Ltd
Hudson Motor Car
8%
8%
8%
8%
8%
8%
8%
8%
8 %
8%
6,700
Hupp Motor Car Corp
LOW AND
HIGH SALE PRICES
'Saturday
Monday
April 27
April 29
Tuesday
April 30
t per share
$ per share
t per share
$ per share
*43%
35%
44
Thursday
May 2
Friday
$ per share
Sales for
May 3
the Week
$ per share
43%
43%
431/4
43%
43%
43'A
41%
43
42%
42%
35%
36%
35%
36%
37
37%
37%
37%
36%
36%
71%
71%
72%
72%
73
74%
73
73%
*98
99%
*98
99%
99%
99 %
*98
32
*30%
31%
31%
a31%
*31
■»
*97
32
32
32
31%
11%
12%
11 %
12%
11%
11%
11%
11%
11
11%
30%
31
30%
31
31
31%
30%
31%
31
31%
..A
3*8
A
rl/64
6,300
126,200
*17%
18
17%
17%
17%
17%
46%
46%
*140
141%
\
*175
122
19%
11
*52%
53%
:
*138%
50%
38%
38
139
.
\
180
*175
126
126
126
126
126%
20%
20%
20 %
20%
19%
10%
10%
11%
11%
*52%
52%
16%
230%
94%
14%
8%
39
97
ff
14% :
14%
50%
50%
37%
138
•
126 %
38%
125%
-
97 f
*8%
37%
.
136
49%
•
33
j.
8% "
139
50%
49%
f
125%
23%
9
413/8
Jan
63 %
Nov
30% Apr
29
17
Jan
26%
Nov
34
Jan
29
17'/a
Jan
35
Nov
56
Jan
11
42
Jan
60%
28% Feb
6
62% Apr
22
47% May
55%
2
Mar 14
Apr
30
25
3
33
Jan
30
25
1
Jan
25
102
Mar
7
95
Apr
24
3
30
Apr
9
12%
3
60 % Feb
5
34%
25
12% Jan
25
19% Jan
47% May
8
Apr
Mar 13
18
27
Feb
26
8% Jan
3
par
109 V* July
87%
NOV
Jan
23 Vb
Dec
Jan
54
66% Jan
2
Dec
29%
Sep
83
Nov
63
Aug
111
Jun
Dec
25 %
Jan
55% Oct
16%
27 V2 Jan
Dec
32 Va
Jan
106% May
Dec
Jan
8%
Dec
Jun
Jan
17
10
Jan
23%
42% Apr
18
26% Aug
36 Va
25
34% Mar 25
10 V* Jan
30
14%
Dec
May
34
Jan
9%
3% Jan
Dec
Range for Previous
stock
Year 1945
Range Since January 1
100
_100
4%—
100
1000
Co
__5
Highest
Lowest
Lowest
20
RR
33% Nov
Jan
par
1
51
2,100
Highest
t per share
$ per share
Sper share
$ per share
40«/b
Dec
21
44% Apr
23
Mar 13
45% Jan
15
19%
Jan
44
Dec
Jan
14
47%
Jan
84
Dec
99% Apr
16
72 %
Jan
92
Dec
18%
Jan
38
Jun
19%
Jan
34 Va
Dec
38% Jan
32
70% Apr
26
92
Jan
8
29
Mar i*
11
May
85
37% Jan
9
3
16% Jan
25
32% Apr
6
3'= Apr
24
Apr
22% Jan
Jan
24
17 y8 Mar 13
29%
28
26% Feb
18
16%
16'%
16%
13,300
228%
228%
225
93%
94%
92
Co.
—__No
50
107
Apr
4
Jan
18
103
144% Jan
14
104%
Sep
Jan
140
Dec
176% Apr
26
166
Feb
174
Jun
126% May
1
82
Jan
105
2
Jan
22% Feb
fi
11% Mar
19%
7
11% May
3
8%
Jan
10 V*
Dec
Dec
57
Nov
par
129% Mar 22
168% Mar
par
100
Feb
20
10% Jan
15
20
17% Jan
1
Insuranshares Ctfs Inc
4%%
6,300
,16%
preferred
Steel
2
7
43% May
106
100
__No
Interchemical Corp
200
10%
jno par
.
45% Mar 14
14%.
200
14%
225
200
14%
200
13%
14 V8
33%
33%
34%
"34%
9,900
*96
97 Vz
8%
8%
8%
8%
37%
37%
139
37%
36%
37%
.
124%
24%
7,800
500
•
.
139%
*138
139%
No par
100
1
preferred
25
—5
100
__1
Int Nickel of Canada——.—No par
49
49%
"12,200
2,200
Preferred
150
49%
49%
122% 123%
123
122%
100
\
International
.
5%
conv
109%
Oct
12Va
Dec
2
8% Mar
14%
Dec
20 % Feb
International Mining Corp
1,100
28,300
Jan
6% Mar
3
Int Hydro-Elec Sys class A
International Min & Chem.;
•4%
J&n
1C4 %
16
13% Jan
'
*138
49%
*
H%
97% f
*96
A ■>"
I
Preferred
380
-
37%
26
14
International Harvester,
3,900
14
Feb
17
9% Jan
Int Business Machines new__No par
700
92%
Paper Co—
preferred
15
100
195
Jan
30
86% Mar 15
Dec
13% Feb
Xl06% Apr
—No par
Interlake Iron——
109% Mar
54% Jan
110
100
No par
preferred
Intercont'l Rubber—
'
A
X200
24%
*
500
r
10%
200
124%
__1
No pa'
Inspiration Cons Copper
600
11
6%
Inland
8,200
-
52
110
Rayon new.—
Ingersoll-Rand
<
"
97
8%
f
138%
125%
>
199%
,
*109
110
10%
93%
94%
52%
*109
11%
16%
.
245
:
53
109
11%
230 Va
17
.1
800
11%
109
6
Apr
No
$4.50 preferred A
20
10%
...
20
81
4
Co
Terminal
Industrial
180
32%' 32%
138%
50%
230% May
100 % Feb
1
2
74% Mar
,
100%
Dec
Dec
193
11
178%
Jan
15% Apr 22
34% May 2
2%
Jan
13%
17
Jan
34%
Dec
30
98% Jan
7
75% Jan
99
Nov
7% Mar 13
11% Feb
5
11%
Dec
42% Feb
5 '
39 Va
Dec
190%
Jan
5
Mar 13
10
29 % Apr
95% Jan
2
35% Mar 15
136
Mar
6
202
Apr
Feb
148
6
53% Apr
110% Mar 13
132% Apr
39% Mar
6
5%
Jan
28% Jan
129
Feb
Jan
Dec
141
48%
16;;.
19%
16;;
84% Jan
123
9% Mar
Nov
24
Dec
Dec
'v'
24
24%
117
:
■'
f
97 ;
8%
*125% 126%
•'%
33
*96
8%
.
".V
*175
199% 200
32%
'
94
14%
•
;
*231
94%
200
14%
97
8%
38%
.
93%
32%
.97
>
t 16%
228
180
125%
11%
'
2,600
143
53%
39% Apr
41% Apr
Indianapolis Power & Lt
No par
Rights
Indus'tria Electrica De Mex, S A—
1,500
-
44
X143
f 109
2
33% Jan
RR See ctfs series A
Illinois
106%
145
11
11%
16%-
43%
*106%
*141
20%
53
*108
11%
;
199
14%
32%
53%
44
*106% 106%
'
93
% 200
$ 14%
•:
109
43%
106%
144
125%
20%
Dec
38
*
44
106 %
*175
*10%
-
17%
144
s
,125
21%
10%
227
*
144
124%
16
*42%
451/8
106%
*52%
109
.
,
227
92%
:
45
*106%
.143
11
16%
227
:%
45%
106%
*10%
ao%
\j 16%
3*2
17%
142
20%
Hf
M *109 ft 109%
? 10%
tV
17%
*175
123
20%
"*10%
* 199
■il
*175
122
'*
45%
*106%
,
142
-
-
,
*106% 106'%
,
Leased lines
25,300
30%
17%
Dec
32
22
100
6% preferred series A
140
12%
32
york
Central
Illinois
20
12%
h
•138
Va Aug
26
No par
Idaho Power Co
1,500
100
30%
18
90
Feb
21
72
56% Jan
Par
11,300
71%
99%
Feb
123
29% Feb
exchange
2,000
35%
*69%
99%
31%
1J *97-.
.,*31
-
preferred
Shares
71%
■{
new
Nov
Dec
106
May 2
146% Jan 21
stocks
Wednesday
May 1
July
130
32% Jan
100
42%
8%
138
3
Apr
2
3
non-cum
Feb
39%
26
25
t c
20%
5%
Aug
189
Jan
135
21%, Jan
Manhattan
20
*19%
5
Mar
82
139
22%
25% Feb
par
Houston Light & Power Co. __No par
&
Nov
92 Va
Apr
Jan
Jan
17
16
3
Howe Sound Co
8%
9
72% Apr
28
170
100
27%
300
92
30
27% Apr
preferred
48%
9%
*91
Apr
Jan
9
No
com
49,
9 '
92
65
130
50
Finance
93%
28%
90%
par
24% Mar
preferred
Household
40
27%
48%
19%
61
106'/a
31%
103
9
No par
com
48%
28%
48%
8%
60 Va
30%
106%
*103
28
0
61%
30%
107
10
38% Jan
No par
12.50
Homestake Mining
*103
191% Apr
3
Holly Sugar Corp
50 Va
:
15
Jan
Oct
10
Hlnde & Dauch Paper Co
37
71%
49 Vb
71 Vz
26
20%
1
38 Va
36 Va
*29%
2
10
38%
36'/a
50
100%
Jan
90
5
*70%
30
44% May 2
109% Mar 26
Jan
No par
No
*38%
.29%
Apr
100
Corp
(C E)
26
175
31% Feb
No
new
preferred
conv
184
4
Apr
par
preferred
Hershey Chocolate
84
Mar 13
32
82
No
5%
Hewitt
2
103% Jan
100
preferred
non-cum
HerculesPowder
650
Jan
25
W)
Hercules Motors
50
139%
Helme
1,500
140
36%
*29%
29 Vb
65%
*137%
65%
140
*137%
Glass
Co.
3%%
80
33 %
139%
98
139%
37 Va
65%
35
30%
188%
32%
139
38%
74
*185
65
*71
35%
*71
150
83 Vb
32 V2
65
107
83
188%
32%
33
43
*106%
84
139
97 Vz
37
107
*106%
65%
65
140
139%
.
37
*32 V*
33%
44%
137% 137%
139
97%
140% 140%
*32%
65%
*137%
.
42%
43
44%
*83
86
33%
66
44
41%
107 Va
.*82
189
>'
33%
43%
174
173
174%
41%
,
'
86
173
173%
'*106%
.
107%
*82
171
169%
Jan
Dec
Apr
43 % Dec
14
Nov
29%
Oct
12% Jan
Dec
110%
Jan
Feb
37
18
18%
22
155
99
121
Dec
105
30% Apr
Mar 15
23
119
33
20%
3
26% Jan
Mar 13
22
111% Feb
Apr
42% May
6% preferred
100
Hart, Schaffner & Marx
10
Hat Corp of Amer class A
1
4%% preferred (modified)—100
Hayes Industries Inc
1
Hayes Mfg Corp
9
1,700
14%
—No par
preferred
conv.
Hanna (M A) Co $4.25 pfd_.No par
Harbison-Walk Refrac
No par
4,700
*156
—
Water
Printing
go
Hamilton Watch Co
108%
28 Vb
29
—
24
114
*23%
113%
*107
*156
*156
24
23%
113%
*107
108 Va
*107
23%
113
Haekensack
8,900
14%
•
100
19 Vb
113
200
52 Vb
14%
*98%
113%
28 Vb
*156
*51
*23 Vb
23%
*,112%
113
*107
28
38 V*
38
37%
23%
113
*39
40
*39
38
37%
23
112
40
118
*62
23%
65
k 47%
f
*118
47%
47
v
26%
t26 %
26%
f y-
48
fcC
48
29
**7
48
*155
*47.
footnotes
ffe' 47%
119
62%
47%
I
*210
220
*142-V
25%
196%
26%
26%
28%
47% $ 48
29%' 29%
:A
*155
For
47%
121
220
26%
■
62%
25
196%
>142
26%
120.
63
220
196%
24%
119%
*62
220
*?io
U42
25
48
see
page
.
36%
120
47
*208
.
175
24%
26
26
45
Cf:
*29
*47
2460//
45
.
29%
48
25
*142
25
46
48
*155
24%
220
'
25
46 %
47
29%
*46
48
25%
850
68
200
,46%
v:
f
*200
*142
46%
-
24%
24%
45%
.
29 VB
*46
*155
47%
'
•
100
2
30
79
Mar
116"
Dec
18
41 Va
July
57
Dec
43
% Jan
3
49
Jan
30
175
Jan
3
226
Apr
15
preferred—
& Teleg
Interstate Dept Stores
;
Intertype Corp
100
^.No par
No par
No par
No par
•«
preferred—
22% Mar 13
37
f
•
Feb 26
23% Mar
40
Island Creek
•Mar"r6
148
Mar
Jan
13
6
3
31%
Feb"" 2
45% Dec
39
Feb
92
Jan
175
Apr
151
-18% Jan
33
137%
22%
Dec
Apr
62% Apr
121
_50
Foreign share ctfs——
2.800,
400
21
55 % Jan
5
—No par
Silver
Intern'l Telep
2,300
i
106 % Jan
25% May
—No par
7%
25,106
,46%
*28%
-
—No par
100
4
International Salt
International
100
175
25
>
—
19% May
International Shoe
,•
1,500
220
>
24%
:
Inter Rys of Cent Am
5% preferred
6,300
119
*65
25 Va
29%
*155
24 f
XU9
196%
24%
V
29%
48
46%
*200
-
25%
45%
*29
120%
65 ff;
*64
*46%
,
220
*142
,
f;
24%
117%
66.
"
*155
:
25%
*63
vf " 23%
Dec
-
Nov
Dec,
31% Feb
2
18% Jan
33 Vb
Dec
30
4
17%
Jan
41%
Dec
29% Apr 29
19%
Jan
30%
Oct
46
Dec
152
Oct
48
162
.
•
Apr
May
Anr
1
5
36-, Aug
Jan
145
Volume 163/ NumVet 4487
ME COMMERCtAX &^INAflCIAL CHRONlCLE
'
:
V
2455
■:.»*"
YORK STOCK RECORD
""
immJ/Lim
LOW AND
Saturday
Monday
April 27
Tuesday
April 29
tpershare
HIGH SALE
>-'M April
-
t per share
Wednesday
iuay IT.
I per sh'are
v-
bti £/<■• =-■'
PRICES
- -•• ".
f per share
■
18%
18%
18%
52%
52%
•52%
*109
110%
18%
52%
*51
*109% 110%
'109%
110%
110
110
159
157%
157 %
157%
187%
156
146
*141%
145
•141%
142%
*140
60
59%
60
58%
59%
*57
160
146
146
60
60
*150
42%
43%
105%
130%
33
60
*109% 110
103 7%
129
159
*142%
109%
*150
180
44
43%
109%
43%
18%
110
180
*146
180
*146
106
106
106
106
130
131%
129
43%
106%
42%
42%
106% 106%
130
126
*32
32%
33
129
33
32%
32%
-:■>
134%
2nd preferred ser A
600
113% Apr
Mar 12
Mar
53
12%
5
190f Feb
Mar 20
140
40
n
Mar 13
■100% Jan
1
31%
1,700
5%
pref series B
Mfg Cb
Joy
..
120
.100
conv.
53% Feb
'
4
24% Mar 14.
-.-I
.
Feb
Apr 22
34.
.
Dec
s,
Deo
139
NOV
19% Jan
,
.
Dec
105
79
Mar.
91% Jan
6
160
Dec
46% Nov
Jan:foi
2 :^ •;:27%
107% Feb
8
Mar 13
Nov
NOV
140
Jan.
90
25
-
3,000
Dec
NOV
May
.
109% Apr 30
100
RR staffiped-ilOO
Jonee & Laughlin Steel
No par
5% pfef series A-..,—..'——100
23,700
126%
31%
4%
3 ^:,
Feb 26
138
—100
Johnson__
Joliet & Chicago
43
130%
33
70
&
i1'22s/a
19%-NOV
24% Jan 17
47
54 % Apr
9; :l- 34% Jan
109% Aug ?0 114%
3
145
167% Apr
101
Jan
9
137%
153
>118% Aug
Apr
9
61.'Jan
62% Apr 20 -31
%
109
Sep mi: .116,;
HSVaFeb 15
May 3
108% Apr 19
^100
preferred
•
180
-
17%
46% Jan
-No par
Johns Danville Corp.,*.—...No par
•JohnsOn
1,200
112%
Co
4 y4%Vpreferrcd^-_—-—i.
100
58
*106
43%
105 y4
131
JeweiTea
900
142%
'(1? L) Co.«**»...
^Jacobs
50
157
*110
105'%
32
700
110
43
Par
3,300
51%
110%
110
129
36
18%
51%
*109
110
44%
.
IY"">-;:
EXCHANGE
Shares
17%
18%
52%
*146
180
;
'Range ^ince January l!$>f
Lowest1
•
Highest
; f${'Lowest' .'fa
Highiest
:
t per share
$ per share
per share
$ per share
„
m
V Range for Previous
Year 1945
•
18%
52%
110%
:
YORK S'_.
•.v*V-NEW'YORK STOCK
the week
$ per share
52%
159'
180
$ per share
#'l<i
§ Sales for
.
May3
18%
147
110
iPtl&W?
18%
161%
*108%
"
52%
6143%
'150
■'
Xtttay x
18%
*109
60%
'M-'-
53
•159
*59%
f.
''Thursday: I'
f
•
STOCKS
30% May
Jan
K
*34%
*119
36
34%
120
34%
*119
*34%
120
35%
*119
35'/a
120
*35
35%
*119
*119
120
*24%
25
24%.
25
25%
27
*57
58
58
59
60%
63
63
63
*45
49
48
50
50
50%
50%
22%
22%
22%
22%
23
30%
29%
30
*46%
22%
22%
30
30
22%
.
*30
-27%
*119
*291/8
633/8
63%
50
50
223/4
22%
*20»/2
30y2
-
30y2
34%
120
28%
29
*29%
351/4
343/4
700
9,500
Kan
28%
; -f 63
63
*48
1,700
49%
223/8
22%
29%
909
23%
22%
22%
22%
22%
22%
23
23
231/4
22%
23
59%
59
59%
59%
60%
59
59%
58%
58%
57
583/a
50
44%
45
52
48
66
*65
*46
23
23
23
23
98
98
98
98
42
42
49
*45
48
45
45%
66
67%
66
*64
65%
*63
65%
22%
41%
42%
*109%
noy8
*63
41%
223/4
22%
*22%
23
22%
22%
109%
43%
43%
44
44%
99
*98
991/2
98
99
160
42
25
25
25
25
38%
411/4
*1093/4
110
109%
1093/,
llOy,
45
43%
45
43%
43%
43
45%
4,300
25
251/B
25'/a
23
23%
21
22
3,500
60
58 »/4
58%
58 3/4
59%
58
58%
1,400
59 Va
581/4
60
60
61%
60
CO
'
70
44%
2,800
110
.
>
800
98%
*56
58
58%
58%
58%
*57
58%
58%
58%
*57%
423/a
413/4
110%
38
38%
109%
54-
10
Apr-15
35
Feb 27
50% May
cl A—.---1
29
May
22
Mar- 2
Kennecoft Copper-*
No par
Keystone Steel ft Wire CO—No par
Kimberly-Clark Corp———No por
Kinney (G R) Co
1
j
$5 prior preferred
No par
Koppers Co Inc—
10
4%% preferred
1
_100
Kresge (S S) Co_..
;
10
Kresge Dept Stores.
,
___1
Kress (S H) & Co——,
-—.No par
Kroger Co (The)
No par
48
3
3
14,500
<
couv
B—
•
•
■
31
51
Dec
Apr 27
22% Mar
35
NOV
Apr
18
Jan
67
Dec
23% Apr
10
38%
8%
.
19
Nov
:
69
35%
,
■
14% Mar
7
26
Jan- v 3
107
26
Mar
60
8%
Apr 12
3
6% Jan
2
9% Jan
43'A Jan
7
4
60% May
Jan
61% Jan
5
35% Nov
X49% Nov
50% Oct,
Jan
37
Oct
17%
Apr
35%' July
•
Apr 30
61% Apr
4
44 % Jan
Mar
112
Aug
3
45% May
Dec
40 y4 Dec
96%
Aug
28
8
llO'/a Jan
«
7
Jan
72% May
May 1
43% Apr 22
33% Jan
44
Dec
Dec
Jan
Jan
9
70
26
107% FebJ
Dec
35%
22%
30
52
■
34% Feb 26
-
Dec
38
18% Jan
Jan
60 % Apr
26
86% Feb
R7
67
.
4
30
•
58% Mar 13
15% Feb
31% Dec
Jan
18% Jan
*34% Jan 29
3
Jan.
32% Jan-
31% Dec
124
Mar
Jan
.tor>
,
34'
1
26 y8 Feb
Jan
13
20
117
3
32% dan 29
•65
-Jan
<9
Keisey Hayes Wh'l
100
23
122% Jan
21% Feb 26 V;
Class
1,000
65%
Dept Stores-
Jan-10
24% Mar 13
Kay ser/(Julius) & Co neW-——-~5 *
<
1,500
24%
109%
Kaufman
16,100 »'
100
*98
.
2,100
29
119
No-paV
r>A
35% Apr 23
23% Feb 26
City P & L pi ser
Kansas City Southern,,
—No par
% % ndn-cunv. preferred**—
800
23
51
:
KalainhsftiO Stove & Furn
120
273/a
59
*65
i
<
L
73/4
*59y,
*561/2
*93
7%
7%
7%
7%
7%
7%
7%
16,400
59%
59'A
591/4
59%
59%
59
60 y2
60%
60 %
59
59%
58
5,200
Lambert Co
57
58
57
b'/ '/a
57
573/8
57%
57%
56%
57
1,600 /
Lane
98
94%
94%
*92%
96
96
96
93
783/4
783/,
80
*79
80
*78
80
*77
95%
751/4
*94
77
77%
7%
7%
7%
153/4
16
15%
16
15%
16%
16
493/4
49%
49%
49%
50
50
12%
123/4
12%
123/4
12%
12%
43/4
4%
43/4
4%
*52
62
*35
*52
4%
62
15%
13,600
503/4
49%
50%
491/4
493/4
4,400
12%
12%
12%
12
121/4
4,500
434
4%
55
55
593/4
36
36
36%
36%
36
36%
*35%
12%
13
13
12%
13
12%
12%
12%
593/,
59
59%
59%
59%
59
591/2
4%
4%
55
36%
12%
4%% Preferred
15%
*59
*55
43/4
Lehigh
Lehigh
Lehigh
Lehigh
10,300
62
100
:
;
35
1,000
$3
123/e
123/4
2,800
59%
58 34
59%
28%
1,800
28
28%
283/a
28%
28%
28%
29
29
29
29
1,100
39%
40
40
40%
41
40%
40%
403/e
403/4
67
67
66%
66 34
673/4
67
67%
66%
67%
13%
13%
13%
133/4
13%
13%
13%
13%
131/4
13%
351/2
12,600
x35 %
35'/2
34%
34%
*343/,
353/4
34%
34%
,
1,100
,
961/2
97
97
*96%
97%
97%
*
400
96'A
*201
95%
97
963/4
204
*62%
71
63
96%
2011/2
97%
97
971/2
97%
200
*196
65
65
65
65%
65%
71%
71%
*71%
*63%
64%
*62%
64%
34%
73%
73%
198
64%
64%
64%
65
32
32
3^%
32%
32%
32%
33
35%
35%
363/4
37%
36%
37
35%
36%
116%
32 »/4
38i/4
116
33
116
32 %
116
331/B
98%
72
71%
200
313,i
*116
*97
97%
200
65
71%
63%
96
971/4
*200
65
71
63%
95%
116
31 »/2
118
32%
33
118
31%
198
35%
117%
32%
31%
196
65%
983/4
;
196
603/4
64%
<
72
-
631/4
6?%
<
33%
,34%
*70%
36
,36i/4
118
117%
32
38%
383/4
39%
383/4
39'/,
39 '/a
383/4
391/4
383/a
81%
82
83%
83%
84
85
881/2
87%
88%
87
87
31%
30%
31%
303/4
31
30
30 «/4
293/4
293/,
293/4
29%
29.%
29%
29%
30
29%
30
29%
30
293/4
29%
29%
293/4
*194
198
*29 "/a
66%
*194
30
198
293/4
66 %
*194
198
*29
30
293/4
66%
67
x651/2
*29 %
65%
35%
35%
33%
35%
33%
104 3'4
*1041/8
104%
1043/4
104%
21%
22%
22%
22%
22a/s
23%
AND
Monday
Tuesday
April 27
April 29
$ per share
$ per share
$ per share
661/2
67 3/0
653/,
661/2
39
37%
39%
104%
104%
23
*1041/4
*22
104.
22%
22
Mar 13,
May 1
$ per share
2% Mar
26,
11% Jan
22
36% Jan
9
41.
May 1
74% Jan 28
■
20% Jan
27% Nov
17% Jan
51% Jan
7% Jan
35%
•
.15% Apr 15
37% Jan 21
3
101
33
Jan
198
32
Mar
50
Jan
2
66
: •'Feb
8
13
Lion oil Refining Co.^^—No. jwr
Li""id Carbonic Corp—-—.No i>ar
t
3 % % Preferred:
——a
100.
27% Feb 26
35
Jan
14
Locaiiceu
Aircraxt
Loews Ihe
Corp—
;
No par
Lone Star
Cement Corp——No par
Long Bell Lumber A
*
No par
64
Jan
25
7,300
Lorillard
26% Feb
41
IP) Co—-—
-_10
1% preferred—,
--———100
Louisville Gas & El Aa—No par
,
Louisville &
Lowenstein
120
4
%%
cum
26
Jan
28
72% Feb
33% Apr 29
104 % May
3
-100
17% Jan
—10
50 ;
15%
187/8
Friday
$ per share
Sales for
May 3
Thursday
May 2
the Week
Sper share
NEW YORK
Jan
Jan
Jan
Jan
*32% Nov
Dec
31
Nov
Mar
68
Deo
13% Aug
20
Dec
52
6
,
-39% May 3
104% Apr 30
30% Jan
3
14
Previous
Range for
Year
Range Since Jannary 1
STOCK
Hurliac
t .twn/fxat.
Lowest
EXCHANGE
Sliarea
1945
Highest
Lowest
Highest
•t per
f per share
Sper share
Par
J"
190
23%
fifArirft
.
A"'*
42% Deo
Deo
66% Oct
32% Deo
37%
Jan
166
32% Jan 17
,
v*".
Jan
25% Aug
April
31%. Jan 18
195 % Jan 30
61% Mar 13
1
pfd series A,
,
3
—50
Nashville—.,
(M) & Sons Inc
Lukens Steel Co—
1,900
3
Feb 27
186
19%
Nov
40
V-'
1
.
14
88% May {1,:
32% Mar 22
Feb 25
.
10
Apr
45% Jan
36% Deo
19% Jan
29% Jan
29 %
119
31»/2 Apr 23
33% Jan
3
Dec
60
41% Jan
;
Dec
Dec
84% Deo
47% Jan
.
43% Jan
32% Apr 20
115% Apr 24
x
—
Jan
58:
100
78
88
Jan
Deo
Dec
Oct
101% Oct
V': 33%
Dec
181
3
No par
Nov
13 y4
Jan
Jan
78
28
Jan
-
;Deo
68
210% Mar 29
4
68% Mar 13
47
Lima Locomotive Wks—
i
54% Dec
103% Jan 24
86% Mar 15
194% Jan
Dec
60
^5
No par
Linx Belt Co—N0 por
f
4,100
22
Jun
5V4 Dec
35% Jan
A
5
Apr
65% Apr 11
23,000
.
Dec
17%
;
PRICES
Wednesday
30% Feb
100
400
300
••
44
3
30
29%
Jan
6% Jan
29% Apr
9
1,700;
192
28%
36%
104%
SALE
April 30
30
36
104 */,
22%
HIGH
Saturday
192
1941/2
*29%
66 Va
33 %
*
*192
30
68
341/8
*1041/8
LOW
194
194
28
86
2,900
;
29%
61% Apr
Mar 13
9,900 /
.
Dec
•
Jt
-
Lily Tulip Cup Corp—-
18,400
383/4
81%
31
38%
31
:
900
17%
Dec
63%
,
38% Apr
15% Apr
3
26% Jan
Series B__„———28
5,200
v
323/a
3
—5
600
37%
118%
31%
34% May
12% May
64
3
62% Mar 15
Preferred
.
Jan
5% Jan 15
4% Mar 15
49% Jan
No par
Liggett ft Myers Tobacco—
10,700
Dec
Oct
12
17% Jan 28
;j—No par
1,600
I
72
17% Jan 28
50% May
1
No par
90
Jan
3
49% Feb 20
2,600
Oct
47
3
Life Savers Corp new—-—
•
351/2
54%
Jan
Mar 13
14
Libbey Owens Ford Glass
Libby McNeill & Llbby—„
1,800
13%
39%
12
Corp (The)
1
Lena ft Pink Prod Corp—
——5
Lerner Stores Corp (near)—No par
3,500
673/4
13%
97
pfd
48 y« Dec
Sep
39% Jan
Lehman
,
40%
67
*951/2
1st
non-cum
Jan
24%
10
-.28
No por
—50
50c npn-cum 2nd pfd—,
39%
35
Valley Coal——
preferred
34%
7% Dec
31%
24
102% Apr 22
82
Apr
0
Feb 26
65
4% Apr
I,,
Apr 22* V
62
—50
Coal & Navigation Co
Portland CementValley RR
12%
28%
*34
80
—8
Non-cum
.
37
par
——
—
36
39%
*67
4
No par
Lee Rubber & Tire
161/8
43/4
Co
No
600
15%
*48
Light
(The)
700
161/8
,
Gas
Bryant--
93
121/2
62
Laclede
79%
493/4
4%
*52
7%
t P& shore
share
M
*42%
43
42%
*160
42%
*42'/8
*160
*71%
53%
72%
*160
*71
54
72
54
42%
42
70%
70%
70'%
54%
55'%
56 %
55%
*103%
111%
*108%
111'%
*108%
lll'/a
*108%
61%
611/2
60 3%
60%
60 %
60a%
*597/8
27%
*495
28
27%
530
28 J/8
*495
530
28'%
*495
.
41'%
*159%
*160
_
70%
413 a
28%
530
56
55%
111'%
61
28%
530
*495
'
14%
tH 0 CO r?
60'%
29
23%
*495
70'%
41
41%
161
413%
56
55
111'%
*1083%
*56
60'%
29'%
5,500 '
525
500
29%
Forbes.
4,400
10
14%
14%
15%
143/4
*21
23 y2
23
23 v2
*23 y8
24%
42
42 %
*413%
42%
41%
41%
40%
40%
*39'%
5%
5%
5 7/8
5%
53%
57/B
5%
5'%
57%
57%
1,600
Mfli aCflibo
1/2
%
%
%
%
%
%
%
%
3%
'%
6,800
Rights
93%
9%
9%
97/c
9%
97/8
93%
9'%
9%
9%
11,900
15%
15%
153/8
15%
15%
155/8
15'%
15%
15'%
740
54%
6,600
Marshall Field ft CoMartin
%
*5
3,8
9%
14%
54
10
14%
54%
54%
*112'/a
113%
*112 '/a
38 %
38%
38%
387%
241/2
24%
243%
25'%
71'/a
72
72
72*
*39
34%
201
*39
6
15
*22%
41
55
54%
113
*112 >/8
^
24%
72%
387%
38
4,500
24
3,200
Martin-Parry CPrp—-No par
71
1,700
Masonite
41'%
41
34%
34'%
201
110%
13%
137%
13%
13%
13%
13%
133%
40
113%
68
40%
114%
39
47
47%
.65
*104
*31%
•j"-\ 65 V
-
108%
.32
127'/a
127%
*28%
28%
28»/«
108
107
49%
48
47%
65
52
40
39/
.
51
68
40%
114%
39
:
68
40%
113%
28%
108
107
49%
65
,
52;,;'
-
*104,
52%
108%
31%
•
68
41
116%
*38%
47%
*65
52
*104
533%
118
68%
*523%
*115
67%
41
41
117
115
39%
48
65%
521%
108%
38%
*47'%
64
51'%
*104
31%
32
32
31%
129'%
*126
127
129
*126%
29
*28%
28%
28%
*107
109'%
,
107%
49%
49%
*107
*52%
28%
28%
*107
107
28%
29
109%
107
*28'%
110%
14
53%
116'/2
68'%
41'%
47
47%
64%
51 a%
108%
32
283%
28
28%
*108
109%
107%
107%
48%
49%
50'%
50'%
32%
33
30%
323%
99
98
99
92
94
For
footnotes
50%
50%
see
50
50
593%
583%
593%
109%
110%
page
*104
*127'%
28'%
27%
*108
107%
110%
14
53%
2,700.
$3.75
,
1'16%
2,200
40%
3,100 '
116%
39
39
47%
47
47
65
63
63%
50%
51%
*104
108 3%
31%
32
129%
*125
28'%
28
26%
27%
*108
109%
120
.
700 1
2,600
700
McGraw Elec Co.—-—'
Mclntyre Porcupine Mines—.
31%
1,900
28
27%
2,900
109%
10
230
317%
31%
32
3,300
5,800
*47
60
108%
'
49"%
60
108%
*93
97
95
95
50
59%
109
*47'%
50
60
109
,
493%
59%
58%
*107% 109
270 *
50
600
1,700'
190
69
41% Jan
2
54
,v
No par
'
19% Feb
26
103% Mar 13
Jan
103
31
'
38
.
Feb
Jan
26
43
Jan
12% Mar
Nov
36
Dec
70 V2
'
i'
Dec
41% Dec
109% NOV
27
Dec
119
Deo
30%
Dec
25
Dec
Oct
109%
108Vz Mar 29
94
Jan
108% 'Oct
35
Jan
52% Apr
12
34% Apr
24 f
103
.
60% Jan
2460.
v
■
8
14% Mar
29% Nov
87% Not
Jan
33% Mar
v, 37
9
113% Apr 16
47% Dec
54%
Apr 23
52% Apr 2
2
11
32% Deo
•
98% Jan
51% Feb 26
108% Jan
17%
30% Apr 22
Mar 5
22 % Mar 14
70
Sep
55% Dec
108
Feb 25
43
114
Jan
Apr
104
Sep
13% Jan
109% Jan
139% Apr
.
Dec
16% Dec'
55
'OCt
Aug
24
35% Apr
4
5
30% Apr 22
3
17
Feb 25
24
110
19% Jan
6
108% Mar 21
10
53%
1091/2 Nov
Sep
8% Jan
52
Apr
Jan
33% Dec
195
May
30% Jan
Jan 10
Jan
Jan
27% Jan
19% Jan
48% Apr 22
9
116
63% Dec
Nov
48
40% Jan
'0
9
Apr
106
24% Jun ;;
Mar
9
Apr
42;
1
23% Jan
—5
Metropolitan Edison 3.90% pfd—100,
Apr
31% Mar 22
18,
-
.
122
60
1st preferred——.—50
Mesta Machine Co—
6
46% Deo
176%, Jan
34% July
104%
:
71
Apr 23
41% May 1 :
4
2
8
v
,
3
Mar
>
42% Dec
Oct
111
Sep
Jan
22%; Aug
15
63% May
118
14
33% Mar
Jan
16
7
Jan
1
——100
McQuay-Norrls Mfg. Co.w—^-10
Mead Corp————No por¬
ts preferred series A.—-Jtfo par
t5.50 pfd serB w 1r^mmi,mmNo par
Melville Shoe Corp—.———.1
Mengel Co (The) ——1
Merch ft Min Trans Co
Jan
Jan
28
5% preferred
5% coijv
*
27%
.
Dec
18% Jdn
9% Mar
69% Apr 16
112
Apr 10
26
21%
40
'•
9
Mar 26
11%
18% Jan
29
201
8
109% Jan
$4 preferred --———No par
600'
Jan
Jan
45
Jan
Mar
109
6
36% Apr
26
15% Nov
32'/a Deo
39% Dec
7% Dec
15% Apr
y:
18
Feb 26
48
112
MbLellan, Stores
150
1083%
.
13 V* Feb
McGraw-Hill Pub Co-.—-—No par
129%
49%
31%
par
————
——*
McCrory Stores Corp
1
3Va% conv. preferred-——100
McKesson ft Robblnslnc
107'%
50%
?
2,900
51%
49
107'%
107%
50
No
2
29'% Feb
'75 '
Apr
2
50% Feb 26
108% Jan 12
McCall Corp
673%
40'%
66%
195
Maytag Go
—— —■-s—No par i
$3 preferred—————————No par
$6 1st oum preferred—-i._No par-
2,300"
100
preferred-——
25% Dec
'Oct
525
Jan
"7%
4
45% Feb
28% Feb 26
'
70
Feb
34
—1
—•
■.
Mar
3%
V
57% Apr 24
112% Mar 25
52% Feb 26
No.par
7 % preferred——-100
May Department Stores—.
5
30
■
Co—-,
24
15
28
20% Jan 23 {
A
Jan
Jan
11% Feb
25
20
.
•
111%
593%
51
32
129%
33
111
*63%
66%
Co*---w—
Mathieson Alkali
2,700 *
210
116%
6734
39
32%
59%
53%
*115
41'%
39
*97%
50%
*13%
533%
39
32 7/e
112%
*109
118
96%
50%
67
40%
66*%
116%
*115
32%
58%
*523%
*115
66%
116
96%
*111%
*201'%
66'%
*109
13%
*115
210
*201'%
67
13%
54
323%
32 3%
17
-
% Apr 17
37% Feb 20
Corp——..—,—No par
Master Elec
600
41'%
210
*1083%
118
41
34
66
110%
*523%
33
*201
*1083%
66'%
*39%
(Glenn L)
Feb
39
100
8
1
109 Vi Jan
-—No' par
23%
Apr 22
44% Jan
26
14% Apr 27
-———
52
110% NOV
34
NOV,
Jan
16% Feb
36 % Feb
.100
Dec
Dec
31% Jan
106%
19% Mar 13
*3
preferred
V
,
12
30% Mar 16
12% Feb 26
•
Dec
May
72
Jan
525
% Apr 25
9'/o Mar 13
70%
.
63
3
5% May
38
38'%
56% Apr 30
2
-.1
24'%
38
47%
Jun
May -3'4 425
7% May
16% Apr
8
14
Jan
26% Jan 14 1
May
—5
71
103%
*115
4%%
113
29 y4 Jan
—
Marine Midland Corp--—
Market St Ry 6% prior pfd-
-'
v
>111% Apr
X22% Feb 25
525
——
——
39
155
147
Mar 27
76% Jan 30
-
Oil Exploration—
24
41
66
Manhattan Shirt
400.
,
70%
34%
201
40
71%
40%
,
54'%
*112'%
200
24%
40%
66%
55
113
24
24%
333%
210
66
54'%
*112'%
113
34%
*201
15
4,300
71%
1083%
*67
54%
*22%
18
25Ve
653%
54
24
20
72%
110%
116
*22'%
14%
44 y4 Feb
38 7/e
65%
*52 3/4
24%
14%
26
108% Jan
159
5
65 y4 Feb
33'%
*109J/4
*115
147%
41
54%
38»/2
*14%
41
333%
201
15
*112 '/a
113
^
40%
34
547/a
15
154% Jan
par
28% Jan
Jan
42% Apr 26
Feb' 27
.100
Macy (R H) CO Inc
—
per
.100
4% % pfd series A
—
Madisoh Square Garden
-No par
-10
Magma Copper
-50
Mahoning Coal RR Co—a—
.—1
Manatl Sugar CO-,
Mandel Bros—,
-—J
por
111
525
ft
36.
-10
6% preferred—
Mack Trucks Ipc
161
59
283%
530
1,900
56
70
1,200
70
*159%
70 3%
MacAndrews
.
Jan
106% May
45ya May
56
Dec,
111
Jun,
■0$
■V'iVV
,
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, May
NEW YORK STOCK RECORD
LOW AND
Saturday
April 587
Monday
Tuesday
April 20
tper share
v
Wednesday
Thursday
May 2.
May 1
$ per share
f
SALE PRICES
April 80
$ per share
,;,
P$
HIGH
$ per share
<->
...
Sales for
$ per share
Year 1945;
Range Since January 1
Lowest
Highest
NEW YORK STOCK
r
v
the Week
May 3
t per share
Range for Previous
STOCKS
i
Friday
EXCHANGE
4 per share
Par
Shares
Lowest
$ per share
Highest
$ per share
tper share
'
16%
16%
17%
17
17%
16%
17%
16%
1&%
3,700
Miami
41%
41%
41%
X40%
41
40
41%
41%
16%
41%
16
41%
41%
41%
5,400
*54%
55%
54
54
*55
55%
55%
55%
54%
55%
55%
600
Mid-Continent Petroleum
Midland Steel Products
160%
161%
161%
160%
55%
160%
16%
162
*77
80
160%
162%
162%
162
73
74
74
78
75%
73
19
19%
19%
19%
19%
19%
68
67%
67%
67%
68%
66%
67
nn%
114
312%
112%
112%
112%
19
*112%
113
*114%
*114%
*112
*110%
112%
*114%
*113
*112
*112
.
1st preferred
100
700
Minneapolis <fc St Louis Ry—No par
70
19
3,000
Minn St P & SS M A vtc—No par
2,100
Minn-Honeywell Regulator
4 % conv pfd series B
4%% preferred series C_
18% Apr 24
51% Feb 25
113
114
*112%
150
*115
115
*115
"40
— —
41%
40%
40%
40%
40%
40%
41
41
42
15%
15%
15%
15%
15%
15%
15
15%
14%
14%
*121
4%
2,500
3,800
Minn
3
100
100
100
preferred series D
Min
&
*122%
124%
122
300
40%
40%
40%
40%
40%
40%
41
3,200
Mission Corp
No par
10
13%
13%
13%
14%
14%
14%
13%
14%
13%
14
13
13%
5,400
Mo-Kan-Texas RR
No par
42%
52
45
44%
45%
43%
44%
43%
44%
41%
43
67
67
67
*66%
67
66%
67
67
67
67
67%
1,100
45%
45%
45%
45
45%
45%
45%
45
45
45
45%
1,400
43%
44
44
44%
44%
44
44%
44
44
162% 162%i
112%
*114% 115
162%
160%
160%
*112
112%
112
112
*114%
115
114%
114%
106%
*106%
107%
106%
106%
250
95%
96%
.13,300
4,400
44%
44%
162%
163
112
112
112%
*112
112%
*114%
115
115
114%
114%
107
*114%
*106%
161% 162%
162%
161%
*112
106%
106%
95%
98%
26%
26%
97
106%
98%
26%
26%
161%
*112
106% 106%
99
96%
26%
*44
98
27%
98%
27
97
27%
26%
98
27
25%
13,900
900
200
26%
*54
58
*55
58
*56
59
*55
59
*55%
59.
*55
51
*48
51%
*49
51
*48
51
*48
50%
*48
50%
30
30
29%
31
58%
80
60
*48
29%
30%
29%
29%
29%
29%
29
31
31
31%
31%
31%
31%
31%
*31
31%
59%
«&%
59%
59%
60
60
61
62
62
16%
16%
16%
16%
16%
16%
16%
*106%
108%
*106%
108%
*106%
108%
*106%
26%
26%
26%
27
27
27
26%
17
*16%
108%
*106%
27
26%
44%
43%
44%
111
111
44%
44%
16%
17%
17%
52%
52%
52
66
66
'
45%
45%
112%
112%
17%
17
17%
52
50%
51
50
51%
66%
*65%
66%
*65%
46%
112%
17
16%
*50
60
50%
300
21%
65%
800
65%
'
66%
2,000
13,100
Dec
22% Jan
37
Dec
12% Mar 13
17% Jan
24
5% Jan
16% Jun
16% Jan
49% Jun
Jan
23
Feb
27
70
Apr
8
36
Jan
52% Dec
29% Jan
2
49
Apr
9
26
Nov
34% Dec
32% Jan
2
45
Apr
22
Jan
2
169% Apr
18
38% Feb 25
X45
116
No par
72% Jap
Dec
Dec
25% Feb 26
34% Jan
16
21% Jan
28% Feb 26
33% Feb
6
23% Mar
32% Oct
44
62
May
2
31%
Jan
47% Dec
20
Feb
16
9%
Jan
109% Feb
6
Motor Wheel Corp
Mueller Brass Co
37
2,700
National
25%
25%
25%
25%
25
25%
24 3%
25
243/e
25%
3,600
1
1
No par
5
1
100
1C
50
No par
National Airlines
Nash-Kelvlnator Corp
Jan
Jan
16% Feb 26
105% Feb 26
26% Apr 23
36% Mar 21
109% Feb
25% Jan
15
15% Jan
52% Jan
16
35%
Jan
56
Feb
5
20%
Jan
37% Dec
1
24
16% Mar
15
34% Jan
2
3
20% Apr
28% Jan
29
34% Apr
1
193/8
19%
193/a
6,200
Nat Automotive Fibres Inc
1
16% Jan
223/4
22
22%
1,900
National
5
22
26
18%
19
*195
19
202
*32
32%
19%
*195
18%
202
*32
32%
*195
201
*195
201
32
32%
31%
31%
400
18%
18 S/8
183/4
183/B
18 5/a
3,800
4
National Biscuit Co
1%
32%
18%
19%
Corp
National Battery Co
10
preferred
Nat Bond & Share
100
No par
Corp
May 3
Feb 26
30% Feb
195
Dec
30
Dec
17% Mar 13
21% Feb
5
13% Jan
31% Apr
12% Mar
20%
38%
38%
38%
38%
39
39
39%
39
39
4,900
33%
33%
33
33%
33
33%
32
33
2,700
National Container
21%
21%
21%
22
21%
22
43%
44
43%
45
44
44%
55
55%
55
55%
54
55%
National Cylinder Gas Co
Nat Dairy Products
National Depfc Stores
1
No par
No par
37% Jan
73%
74%
74
70%
76%
55%
53
53
29
29
108%
106%
37%
37%
171%
171%
29%
29
35% Apr
18
17% Jan
4
16
13
34% Jan
2
45% Apr
22
24% Jan
38
7
55% Apr
29
40% Dec
9
84% Jan
14
20% July
35% Jan
37
Jan
54% Nov
13
Jan
22
21%
22
213%
21%
7,700
43%
44%
43%
43%
5,500
54
54
55
54
54%
3,600
73%
75
74
75%
73%
74%
38,400
Nat Distillers Products
No par
65
Feb
52
52
53
53
53%
300
Nat Enam & Stamning
48
Jan
10,800
National Gypsum Co
$4.50 conv preferred
National Lead Co
No par
1
No par
29%
37%
30
293/a
29%
29%
293/4
106
106
37%
106 %
106%
106%
106%
80
38%
383/4
38%
383/4
3,900
38%
204
203
203
*202
204
203
172
*171
173
*169
173
*169
203
201
201
40
7%
169
:172
170
40
6%
10
100
100
preferred A
preferred B
30%
30%
30%
30
30
30
293/,
2,000
National Linen Service Corp
32
32
31%
32%
32%
33
33
33%
33%
33%4
33
33%
2,300
Nat Mall & St'l Cast Co
62%
63
63%
67
66%
67
67
68%
68
68
67%
67%
2,700
National Oil Products Co
11%
10%
11%
10%
11%
11%
113/8
10%
11%
10%
11%
60,600
89
88%
883/4
88%
88%
88
88%
87
88%
86
86%
4,700
37%
37
*29
30
*
37%
37%
37%
37
37
36%
37
35%
36%
2,300
23%
24%
23
23%
23
23%
22%
233/a
22%
23 Vs
11,500'
29
29
29
29
28%
29
28
28
28
28
1043/4
105
105
*37%
38
105%
37%
*105
101%
105%
105
104%
4%%
38%
38%
38%
38
38%
38%
38%
2,300
National
19%
19%
193/4
19%
19%
19%
19%
4,500
Nat
123/4
12%
12%
123/4
123/4
123/4
12%
12%
123/4
2,500
Natomas Co
LOW AND
Monday
April 37
April 29
28%
29
*71
S per
28%
29
75
*106%
*71
74
108
108
108
28%
*37%
38%
*37%
$ per share
73
28%
73
108
38%
*71
<
106%
*37%
Friday
28
75
*70
108
*106%
38%
.
*36%
the Week
$ per share
28%
28
73
28
70
108
■
1,700
400
108
*37
38%
109%
108
108
*108
110
* 108
109
*108
109
*108%
109
*110
111%
*110
112
*110
112
e 110
112
*110
112
*110
49
ioo
112
48%
37
37
105
29
26%
49
*124%
29%
29%
60
60
27%
50
26%
*49
125
36%
105%
29%
*59
26%
49
48%
36%
105%
105%"
29
60
48%
37
105%
29%
60
49%
37
105%
47%
*36
,47%
47%
36%
35%
105%
106
29
29%
29
60
60%
60%
26%.
27
26%
49
49%
48
124
124%
105%
47%
47%
35%
47%
1,300
34%
34%
106
20
900
26%
26%
26%
26%
26%
47,800
49%
49%
49%
48%
49%
1,100
New
32%
32%
32%
33%
33%
33%
33
33
37%
38
38%
38%
39
40
40
1,100
1,600
1,300
71%
72
400
*250
300
109
21%
22
-*46 %
21%
48
283
128
36%
76
76
76
300
*250
300
*250
300
107%
107%
*107%
109
108%
108%
"50
21%
21%
21%
21%
22
21%
21%
5,000
46%
47
47
283
*126
37%
13%
123
106%
282
285%
128
*72%
122
21%
47%
282
*126%
*250
122% 122%
106%
21%
47%
285
*126%
7.2
300
127%
36%
13%
37
13%
13%
*46%
282%
*125
36%
13%
48
Apr
85% Nov
26
91% Feb
15
29% Feb
25
Jan
18
29
101% Jan 24
2
12% Mar 15
15
Feb
2
19
Range Since January 1
Lowest
Highest
$5 non-cum preferred
N Y Power &
36%
36%
35%
13%
13%
13%
18,200
9,200
*111%
112
111%
112
46%
47
46%
47
45%
46
45%
46
45%
45%
4,200
49%
49%
49
49%
49
49%
49
49%
48%
49 %
610
17
17
16%
17
17%
17%
*17
17%
16%
17
22%
22%
22
22
22%
22%
21%
22%
21%
21%
*109%
111%
*1093/4
111%
26%
27 %
30%
*111
120
120
*115%
31%
30%
29%
112
*111
112
15,400
50
1,600
1,500
65
22% Aug
36
Dec
15
24%
Dec
Jan
26% July
1021/4 Nov
33% Mar
107%
10%
Dec
Jan
29%
Dec
10% Jan
14~%
Nov
Year 1945
Lowest
$ per share
3
32% Jan
30
4
Highest
$ per share
$ per share
28% Dec
15% Mar
61%
Dec
30
Jan
Feb
8
73
Apr
108% Apr
30
106
6
103
Feb
32
Jan
4
40% Jan
17
35
Dec
37
Dec
Mar 14
109 % Jan
8
106
Oct
109
Nov
111% Jan
30
105%
Jan
110
Nov
53% Jan
107
110% Jan
17
40% Feb
26
Feb
26
Apr
24% Jan
9
4
34% Apr
5
18
45
29
104
50
Apr
39% Apr
106
Apr
108% Mar
47% Dec
20
32
Aug
18
18%
Jan
38%
Dec
xl6% Aug
27%
Dec
26
54
Feb
26
69% Jan
26
Mar 13
35% Jan
16
44
Mar 13
59
Jan
17
120
20
134
Jan
29
103%
30% Apr
8
24% Feb 27
37% Feb
16
28%
Jan
39% Nov
40
May
17
Jan
29
NOV
76
May
41
Mar
65
Nov
162
Mar
410
Oct
Sep
110
Dec
par
Feb
57
Jan
325
pfd__100
stk
1
Noblitt-Sparks Industries
Norfolk
70
Western
26% Jan
__B0
650
&
$ per share
No par
Light 3.90%
N Y SMpbldg Corp part
Adjust 4%
l
No par
300
*115%
112
14% Nov
13
No
125
30%
*111
Dec
Jan
7%
100
6% preferred series A
N Y City Omnibus Corp
York Dock
282
46%
30
30%
Dec
59
100
New York Central
125
29%
31
Nov
35
Jan
No par
No par
281
13%
13%
30%
New York Air Brake
47%
36
36%
25
Jan
20
Newport News Ship & Dry Dock
127%
*115%
120
Jan
Jan
100
283%
120
*115%
16%
80 % Feb
26% Jan
Dec
Nov
33
24
106% Mar
Dec
199%
167
21
12% Jan
Apr
Dec
Jun
1
Apr
preferred
*46%
*125
127%
9% Mar 14
26 %
37%
4
38% Apr
N Y & Harlem RR Co
*115%
120
4% %
283%
284%
22
68% May
26
21
N Y Chic & St. Louis Co
36
*106%
31% Apr
41% Feb
51% Feb
Dec
108
Sep
Sep
32
J
500
35
*250
22% Feb 13
30 % Mar 14
177
152
16% Mar 15
Newport Industries
58%
31%
108
10
Mar 19
Nov
76
xl01% Aug
Apr
25
__1
*57%
124%
300
173
38
4%% conv serial preferred
100
Newberry Co (J J) New
No par
3%% preferred
100
New Jersey Pr & Lt Co 4% pfd-100
Newmont Mining Corp
10
59%
31%
108
204
8
Dec
19% Dec
Jan
25
No par
59%
33%
*250
Nehi Corp
Neisner Bros Inc
3,200
75
12
Jan
32%
Jan
24
19% Mar 13
Par
29
*72
195% Jan
165
41% Nov
Range for Previous
28%
124%
*70
17
STOCK
29%
31%
70
YORK
360
35
69%
24
40% Apr
EXCHANGE
107
*31
124
108% Jan
3
1
Co
*105%
*32
122%
3
7
27% Mar 28
10
Fibre
Shares
70
*106%
38%
*108
48%
24% Jan
105
Mar
32% Jan
No pat
NEW
Sales for
May 3
$ per share
28%
67% Jan 29
30% Apr 23
STOCKS
Thursday
May 2
May 1
share
*106%
39
38%
Wednesday
Co
Vulcanized
HIGH SALE PRICES
Tuesday
April 30
$ per share
Tea
Apr
40
preferred
XI93/4
Saturday
*28%
No par
10
2
22
100
100
123/4
S per share
25
$2 conv preferred
20%
par
4
No par
National Steel Corp
National Sugar Ref Co.—
National Supply (The) Pa
600
104%
1
No
National Power & Lt
193/4
.
45 % Jan
26
44%
*203
30
25
Feb
21%
*171
29%
Feb
24
54
30
Dec
37
44%
107
37%
181%
1
53
*106
3
No par
77%
29%
29%
106%
37%
37%
*203
204
Dec
Oct
20% Jan
33%
28%
x34 %
16
38
106%
Dec
23% Mar
32% Apr
33%
*53
32%
Feb 20
39%
*50%
Jan
Feb 20
33%
*54
Dec
19% Nov
9% Mar
13%
27
33%
.
26
17
193
38%
.
Nov
41%
37% May
205 % Apr
National Can Corp—
Nat Cash Register
10
25% Dec
17
193/8
22%
Aviation
39
Apr
19%
202
66% Nov
Jan
43% Apr 25
32% Jan
3
23%
*31%
53
Jan
20% Feb 26
19%
*195
22
115
Jan
8
23
32
Dec
Apr
109% Jun
100
Louis
Co
19%
203
Dec
52
66
24%
32
21%
48% Nov
18
19%
*195
13
15
Jan
24
500
2
30
61
19%
13,700
Dec
109% Nov
Jan
3
24%
30%
18%
97% Mar
55% Feb
22
Jan
19%
36%
33% Dec.
114% Jan
4
50
24
36%
2
Mar
27% Apr 24
46% May 2
16% Mar
19%
30%
25
3
l
Nashville Chatt & St.
Acme
22
25
31
De<?
No par
-3
36%
373/a
24%
Dec
61
*443/4
363/4
21
54
21%
303/4
Dec
No par
373/4
37%
Jun
76
53% Dec
45%
31%
113
47% Jan
41
21%
31%
29
15
373/4
36%
Apr
29
*44%
31%
99
Jan
45
36%
111% Feb 21
Jan
38%
35%
Apr
30% Apr
44%
*30%
119
56
37%
31%
July
106% July
62
38%
36
Jun
7
44%
31%
Dec
116
3
21%
35%
1
13
Dec
117
Sep
4
38%
35%
36
79% Jan
54% Jan
44%
31%
25% Jan
47% Mar
19%
35%
52
10
24%
*31
129
50
21%
'
124
23
3
$2.50 cum pfd
Morrell (John) & Co
Motor Products Corp
44
25%
109% Jan
43% Apr
Jan
Moore-McCormack Lines Inc
2f%
25%
13% Dec
Mar
29% Mar 13
119
Mar
38%
130
Mar 25
"7%
106
21%
45%
Dec
8
$4 preferred series C~—No par
38%
21
Mar
16
115% Dec
113
44
21%
114
112
26
44
21%
Oct
Feb
21%
38
108
108% Aug
Jan
116
38%
21%
*43%
5
9
116
29
$7 preferred
5,600
May
Apr
Apr
Feb
Jan
Mullins Mfg Co class B
46%
109
115
115
Mar 12
110
112
Mimsingweor Inc new
Murphy Co (GC) new
4%% preferred
Murray Corp of America
4% preferred
Myera (F E) tt Bro
*111
16
4
109% Mar 19
109
No par
1,800
26%
Oct
No par
2,700
16%
108%
Dec
58 %
111
800
16%
Oct
26 %
8
1,300
1,400
75
Aug
Jan
Montgomery Ward & Co
Mar
Mar
5
116
Preferred series B
Dec
160
13
9
111% Mar 11
61
26%
46%
112%
17%
*65%
66
45%
112%
17%
*51
52
*64
45
112%
17%
17%
10
Monsanto Chemical Co„
$4.50 preferred ser A
31
28%
*106%
26%
112%
112
*110%
17%
No par
61
108
100
20
2.S0
Monarch Mach Tool
28%
30%
•
-
2,900
1% preferred series A
Mohawk Carpet Mills
Mojud Hosiery Co Inc
Jan
63% Dec
53
Feb
16% Feb
122%
137
36
Jan
42% Mar
93
3
39%
14% Nov
Jan
35
68 % Apr
30
122%
7%
25% Aug
26% Mar 18
11% Jan
40%
41%
165
par
122%
67
9
Mar 14
1
No
Mfg
Minn Moline Power Impl
$6.50 preferred
40
121
2
16
Apr 20
62% Jan
49% Jan
*121
123
Jan
18% Feb
42
40% Apr
40%
*45%
156% Jan 24
65%
71%
41
125
26
63%
*40%
*119
Feb
18%
15%
35%
cum
50
71%
*115
115
8%
3
31% Feb 26
65
42
*41%
150
12% Jan
19%
19%
64%
112%
160
10
No par
71%
71%
19%
*67%
161
5
Copper
3
Ry
non-cum
7
19
325
30
113% Mar 18
19% Jan
2
45
Mar 13
246
Jan
3
100
North American Co
121
Jan
11
29% Feb
26
10
North American Aviation
1
Northern Central Ry Co
Northern Pacific Ry
50
100
Northern States Pow $5 pfd-No par
Northwest Airlines
No par
Northwestern Telegraph
50
Norwalk Tire & Rubber
No par
2.50
Norwich Pharmacal Co
3
Feb
106% Apr
100
pfd
3
12% Apr
111
Jan
5
3
28% Mar 13
110% Apr
9
Feb
19
Jan
19
288% Apr
5
128% Apr 10
39% Apr 20
16% Feb 16
116% Apr
36
Jan
58%
Oct
21%
Jan
35%
Dec
32
Jan
75% Jun
102%
26
11
114% Mar 13
37%
24 % Mar
50%
Jan
Jan
258% NOV
118
Aug
126%
Nov
31 %
Dec
19%
Jan
15% Dec
9%
Jan
105%
Jan
17%
Jan
38% Dec
July
116% Mar
110
Feb
7
56% Jan
11
45
Apr
1
55% Jan
3
13% Jan
7
19% Apr
4
26
24% Apr
5
13% Jan
Jan 19
27% May 2
112
Apr
6% Jan
107% Jan
Feb
Oct
219
45
18
Jun
148
Jan
14% Aug
28% Feb
53
Mar
Dec
26% Mar
63%
Dec
46
57
Nov
15
Dec
21% Deo
iiouS
•v
*110
112
26
26%
31%
32
*116%
118
*110%, 111%
; ,26%
27
15
15%
16%
118% 118%
118%
44%
•
36% ;-j;.37 &
*176
*31:
*103
►
94
33
-
110
c
^
94%:
For footnotes
31%
31
116%
117%
*116%
117
-15%
16%
118%
15%
16
*118
43%
44
44%
37
36%
*176
*176
„
~
:
27
31%
36%
^
111%
26%-
32
*116% 118
15%'
-
*118%
*43%
31%
*109%
»*ii
•108
!
,
">o
109%
v/i 94
/„ 9.4%
see
page 2460.
45
36%
.
_
*31
32
*108
109
:
93%
94%
26%
118%
*45
36%
*176
27
31%
118%
31%
117%
15%
153/4
118
118
45%
44%
35%
,
45
36%
36
*176
*30%
*108
93
111%
26 y8
31%
116%
.
*110
26%
31%
,
153/8
:
31%
117
'117%
*43
35%
117%
;
15%
118%
30%
110
*108%
94%
933/4
Edison
Co 4.40%
pfd
110% Apr 26
/
Ohio Oil Co
Oliver Corp.
30%
Outboard Marine & Mfg
Outlet Co
110
94%
Owenn-Tlllnols
112
15
xll9% Jan
14
106% Jan
17% Jan
18
11% Jan
34%
24% Jan
7
25
27% Feb 26
34% Jan
107
Jan
m?a
Oct
23% Dec/
16 % Aug
119
-
Dec
Nov
.18% Dec
xll8%
Dec
1
2
-120
Feb
11
26
48
Apr
17
13% Jan
34% Nov
39% Feb
2
23% Jan
36%
32% Feb 25
155
Jan
168
Dec
Dec
166
Jan
2
179
Apr
17
28
Jan
2
34
Jan
25
22% Jan
32% Nov
A
91
Jan
30
109
Apr
23
74
Jan
95
Co—
75
Jan
7
100
Apr
5
58
Jan
79% Dec
,
Glass
Jan
27 % Feb
Otis Elevator—
preferred.
26
112% Mar
115
Oppenheim Collins
35%
6%
19% Feb
112
14% Apr
1
4% % convertible preferred.
Omnibus Corp (The)_
8% conv preferred A
44%
*176
31
Ohio
•
.
Dec
J
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W YORK STOCK RECORD
LOW AND HIGH BALE PRICES
April 27
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21%.
22
22'A
#, 63%
64
64%
64%'
r
i
Glass A pfd
.
Runrav
Oil
tper share
17%
*16%
tper share
163'a
17%
64%
11%
11%
11%
1138
21%
34%
61%.
13%
13%
13%
13%
13%
13
13%
12%
13
54%
54%
55
54%
55%
54:
543/4
27%.
27%
283/a
27 y8
2734
54%
27%
55 V4
27%
2&y8
20%
21%.
2iys
21%'
20%
21%
20%
2X.
50 ya
51%
51%
52.
51
51%
50%
51%
20%
49%
49%
#
*41% ' 43
63%
28%
106%
For footnotes
*28 1%
see
/
44%
>
4334 .44'. /
63%
28%
lOdVa
page
2460.
*28%
*104'
63%
28%.
106%
.
■«
;
64-
43%
X63
*104
t
•
:.
r
42%
03
-
42%
63.
*28 %
*104
28Tr
•—
•
26
203/4 Jan
Jan
22
78% May
7
5
11
14% Aug
Jan
16
400
"
- -
.
'
43%
•
28%
104
27%
900
24% Apr
17
22%
24%
Jun
15
48% Jan
96
Dec
Feb
42% May
2
173/4 Jan '9
29% July
40% Oct
13%
18%
20
.
Jan
8% Feb
2
55
3
Jan
11
192
7%
Dec
36%
Dec
1
40%
60%
Dec
Apr
Apr
6
43
63%-
28%
;;
*63y8
28
.
106% :-
.;
43%
63%
28%
*104'.. 106%
.
100
600
$3.60
6%
conv
Dec
80%, Jan
93
Dec
Jan
3
303/4 Apr
23
11%
213/4
Dec
3
13% Jan
29
5
14
24% Apr
98% Apr
29
Jan
20'
50
Jan
Jan
6 % Mar
123/4
Dec
7%
Jan
20
Dec
Feb
95
Sep
443/4
Noy
39
Dec
83%
Nov
1
4
May
40 % Jan
80
32
Mar
30
27%
Jan
1
47%
Jan
86% Apr
26
39% Apr
109% Apr
10
12% Mar
23%
Dec
26
10
76%
Jan
99 %
Nov
28
24% Apr
23
Feb
21
39
Dec
40%
Dec
Feb
48 % May
1
Jan-31
116
Feb
26
12
52% May
1
115% Mar 21
,
3
Feb
28
Feb
26
28
Feb
26
Feb
26
Mar
53 % Apr
135% Apr
9
.107% July
28
Jan
111%
2-%
16
49%
Dec
Jan
44%
Dec
56
26%, Apr
33%
134%
33%
108% Jan
Jan
38% Jan
48Vs May
78% Ma v
8
Dee
49% Dec
115% Aug
67% Jan
78% Jan
149% Apr
59% Apr
24
Jan
116
Jan
68%
Nov
19% Aug
Dec
105%
121
Nov
Dec
2V
Dec
Oct
Nov
108
17% Jan-
3
Feb
41
26
41% Jan-
24% Jan
3
-25
Feb
7
•
16
49% Feb
7
59% May
'3
9% Jan
34
Aug
34 %* July
Mar 13
1013A Sep
.
Feb
38% May
16
20%
45
Oct
106
Nov
16
8
Dec
Dec
47
Jan
25%
28%
De<5
103/4
Jan
18%
Jan
22'
Get
17
10%. Jan
24
Nov
26% Feb
26
34 % Jan
28
18%
Dec
16%
26
21% May
1
33%
18%
109 May
3
109
Dec
75% Apr
9
123% Mar 25
57
Aug
8
Jan
Feb
106
Mar 18
64
Feb<26
117.
par
Apr -18
7% Feb
28
44% Apr;
1
17% Feb
25
283/4 Mar 14
par
23
Feb
11% May
53% Apr
24
16%
Jan
Nov
119% Oct
53/4 Aug
2
1091
73%
Apr
18
10
Mar
9%
35% Jan
15
22
Mar 29
79
Dec
Aug
33
Dec
Jan
137
Dec
Jan
3
513/4 Feb
4
25-
Jan
38
Jan
21
31
Aug
26
55% Apr
60% Jan
18"
Feb
18
I?3#. Jan
62
30%
393/fc
.138
v0
—No
37l/2 Mar
4
41% Feb
5
8
36% Jan
28
31% Mar
34% Mar
oar
4
41
Jan
14
29
Apr
9
109
Feb
1
28
~7%
Jan
40
-Dec
24% Dec
2
Apr
38% May
43%
Range Since January 1
Year 1946
Lowest
Highest
$ per share
$ per share
11% Jan
2—5
25
1
'
17
25
No par
52
Feb
^.10
No
par
No
27
.59%. Jan
16
Jan
22
17
6%. Jan
15
36%
Jan
14
Dec
133/4
Dec
19% Dec
62
Dec
10%
Dec
51% Nov
29% Jan
16
21% Apr
30
133/4
Jan
20%
Jun
52
Apr
30
30%
Jan
55%
Nov
44% Apr
29
143/4 Mar
31%
Dec
64% Jan
28
44% Mar
61%
Dec
18%
Dec
26
•
7
7
Mar 14
Feb
48%
Apr
13% Apr
tper share
3
Jan ;
103
Jan
56
Apr
Jan
7%* Jan
113/4
.
:
Highest
25
Feb
par
65
7%
1
3
-
42
100
•
4
22% Feb
16% Jan
II—-too
15
22% May
26
Jan '
tper share
20
Jan
13
4
9 % Mar
48
18% Apr
2
Jan:
Lowest
Nov
"13% "Dec
Ravige for Previous
1
Par
Dec
Nov
11
16% Jan
107% Apr
12 3/8 Jan
par
Dec
25%
41*
5
Dec
Dec
Nov
127% War
36
Mar
Dec
3
.115
preferred:— .—No par
2
873/4
15
31% Mar
Producing:;.
preferred-.
60%
64%
Feb
13
Texas Phclfic Land" Trust
The Falr__
Nov
Dec
Jan
1Q% Mar
Texas Gulf Sulphur
Texas Pacific Coal ft Oil
.3,000
1
62
4
20% Mar
29
:
Texas ft Pacific Ry Co
Thatcher Mfg Co
Dec
38%; Jan
32% Jan
28
106% Apr
Thlcott Inc (James)—
Texas
5.800
Nov
24%
Jan
62%
10
Tfexas Co (The I-
2,100
37
Jan
Feb
37
Telautograph Corp
/Tennessee Corpi
17,200
Nov
Jan
17
10»
.
6,800
.
180
26%
8
17
29
42 % Feb
12%
STOCK
2.100
49%
Apr
Apr
155
25
28
•
20%
49%
Dec
4%- Aug
20%: Aug
32
30% Jan
f
!
8.400
28 3/8
" 20%
Jan
5
May
393/4. Jan
3
Jun
2
593/4 Feb
EXCHANGE
Gulf
Dec
91
^28
6,200
.
Dec
65%, Dec
Mar 14
125
2100
No
.$4 preferred—2
Symington Gould Corp
YORK
223/4
Aug
233/4 Apr
.
NEW
21%
15
41%
3
27% Feb
18% Feb'26
•
1
42%
*63
-
106%
44%. Nov
114
lOc
Shares
,
63 Vt
-
54
-20%.
Feb
1103/4 Apr
12.50-
Sweets Co of Amer (The)a
fwiti ft CO-
Sales for
22%
64'.'2
21%
63%
22%
63%
,
30%
Dec
?1
—
Superior Steel Corp.
the Week
11%
22%
13%
27%
r
16%
ll3/4
;
;
*27%
64%
173/8
<&%% cum),
Corp—
Biscuft&j -Ino-__-
Mining Co
Superheater Co (The)
Superior Oil of Calif
.
Friday
May 3
Mays-
22>/8
"
no
Sylvania Elec Prod's Int.—
/
:
*63
17%
3
41%
Swift International Ltd
54 %
*53%
27%
..
*17
48% May
33%
Corp.
l
preferred-__No par
4,300
13 %
13
#
v
17%
8
STOCKS.
Thursday
Wednesday
May 1
I per share
7
Dec
112
A
—
LOW AND HIGH SALE PRICES
Saturday
46%
23% Apr
1
Sutherland Paper Co^
8,800
Jan
20% Feb
.i
6,200
13
32%
70%. Nqv
36%
5% Mar
6
93%
9
'The!
600
1G8
Dec
9
22% Nov
1
pat
No
34
12%
12%
54% Apr
Jan
July
Aug
_20
prior preferred.
Webster—
36%
*107
3
32V4 May
3
73% Feb 13
par-
Stokley-Van Ctwnp Inc—
'
333/4
13%
24
25
Cbrp'__...
38
'1073/4
*107
107%
}
_.No
4,400
,
13%
59
.
40% Feb
1.
j
8
400
38%
33%
36%
13%
2;400
52%
6
8
29
26
7,300
3734
33%
L
May
f
Spring
iThei
100
Feb
20% Feb
32%
47%
35% Feb
77
103/« Jan
15% Mar
100
(
Sunshine
47
Mar 27
*
40% Apr
14% Feb
L—A
12,300
46
*51%
79% Nov
109
21%
48%
74
9
Sunshine
200
83
105% Jan
3,400
48
39%
*107 f
78,700
-
Jan
100.
60
-
11%
136
'45
45
52• 52
48%
38%
33%
a-
28,200
Oct
Nov
i
50
73%
73%
74
39%
373/4
38%
16,900
29%
38%
♦106%. 107%
Ohio
of
—
4,200
21%
38
38
20% r
29%
38
37%
v
203i
21
"
#*48
20%:
36
48%
32
-
49
21%
45
.
110%
21%
47%
-
■
*135% 136%
*43
^
118%
118%
;10</2-' 10%
47% ' 48
22%
22%
.31%
32
Oil
preferred series A_
Dec
*
25%
Rtewarner
10,300
21%.
29%
19%
*118
-
Indiana—T
28
12%: Mar
92%
Nonpar
i
Jan
21% Dec
Jan
34% Apr ; 9
Sterling-Drug Inc-common
3%. preferred
r——_T
1,500
22%
*73
3%%
Siarrett Co
i
100
22%
21% '
19%
,
■
itandarci Steel
500
4,100
,
21%
21%
29%
<•'
Standard Oil of
7,700
46
58
7
Oct
Jun
19
—10
107%
1.
7% .Sep '
16%
78
16'
Feb
114*
81
par
Standard Oil of New Jersey
.
57%.
.
1 No
'
22%
•
:
•
$7 prior preferred—
Waiiaaro on of Califi
23,300
*21%
21%
■-
-
*#'32%# 32%
J
v
Nov
24%
9i.
oar
78% '
'
"
...No
77%.
19%
403% Feb
22% Jan
25
__25
19%
9
33% Feb-26
par
24,500
,
.47
46%.
.55%
107%
19%
.
J—No
40
Jan
175
l
47%
25%
113% Jan
53% May
Par
No
15,000
21%
32%
21%- 21%
"
ft Sons New
.14 % Dec
17% Mar
107% Oct
17
32% Apr 18
6% Marl 3
'__5
55% 1
*106
24%. Jan
30% Mar
Standard1 G & E Cb' $4 pref—No par
$6 p-ior preferred-.—
No par
1.800
•22% Aug *
Mar 27"
23
106
15% Mar 14
2
preferred..
Dec
71% Dec
30%. Nov
34
par
comnon
Nov
37
Oct
71.
pat
—I
46%
■
49% Apr
223/j Jan'
Nonpar
<4.50! nreif rredi
10,900
,
2
19% Jan
1 No par
■&tkaas>m. "Brands* ihc
5,600
.
new
6t%
Nov
65%
17% Feb
1
33%
78-%.
25%
$4
1
143%
,
*105%
25%
107%.
1,400
Square D Co
Squibb lER)
;
20
19%
>
25%
107%
24%
*107
;
• s
52%
133%
47%
•
5,900 ■'
47%
149%
144%- 145 V2
55
390
116
49%
135
135
,,
145-
6,70J
,
Oct
Feb '
29;
54
NO pat
I
Sperry Corp (The).
;
aoicer Mfg Co
Iplegel lnc___———
Conv $4.50 preferred-
GOO
23%
1./"
51%
51%
50%
78
# 107% ,,107%
47%
114%, 114%
52Y4. 52%
-
34%
6,300
-
106
32%
52%
45%
77%
108
23%
48%
48%
34%
IO6V2
114%
132>
56
32 '/2
83%
52%
144%
56%
32%
82%
113%
52%
111%
50%
34%
106
24%
48
114
131-.
*143
f
24
24%
145
131
133
>
45%
51
50%
35%
106%
51%
111%
•111'
-
35
106
*113
51%
51% !
36%
105%
23%
46
>*1121/2
#
111%
50%
•
24%
50% -
50%
144
106
24-.
24% %
46
9
35%
105%
36%
*•105%
:
32%
84
Oct
14% Dec
38% Jan
100
No
>
413/4 Feb- 26
.100
Nlttungton———No
•
77
par
__15
ctfs
Nov. .,4
28
115% Mar
23
7.50
Spencer Kelloggrft Sons,
'
"
,
tr
Dec
56
'
Mar
35%
x42%
'
Spear ft Co
U*
$5.51 preferred..^
•'
7/
9
3
Jan
2Q% Jan
10
Spalding (A G) & Bros Inc.
*96%
85% '
8
May
88
241/2
♦83%
18
Mari26
39% Apr
17% Feb
26% Jan
13
stk
Ohio
98%
800
8
Oct. -#
34^
% July
16
98% Jan
No par
preferred—'
noft-cum
110
77% Feb
Jan
24
50
¥
V?
48
90% Mar 23:
62
98%
49%
Dec
-
8% Mar
66% Feb
&
Dec
12%
293A- Nov
Jan
28
Jan
Mar 13
23
49 3a
18
48%
5%
37
119% July
54V2 Mar 18
98%
10%
2:
Apr 22
Mar 36
32
116:
3
Jan
26
19% Mar 13
111% Jan
3
Iron.—20
Railway
22%
';
'
63% May
•
No par
Mobile
31s
:
Sep
36
No • par
98%
*t<- '
21
12
$
28%
9-
60t
19% Apr
—No par
ft
34% Jan
No par
■
Dec
.
Mar
37% Jan
26% Feb 25"
No par
^
33;
Southern
i.
Apr
3
May
Southern Natural Gas Co
Southern Pacific Co—
5,000
Jan
6% Aug
19%
.
*
i_.t
Southeastern Greyhound Lines
5
South Porto Rico Sugar.
No par
8W preferred;
;—
100
Southern California Fdlson
__25
3.0^0
'
*191%
16%
4
27
30% Apr
10
Jan
10
105
18% Aug
•
J
18% Nov 2
23'
11% Jan
93%
!' .54
195
Dec
26%
28
67
5
Socony Vacuum Gil Co Ihc
South Am Gold ft Platinum
■
Oct
46% NOV
:iO0T
Jan
Apt 25
26
Smith (AO) Corp-..
Smith ft Corona Typewrlter.No
:
40
16% Mar/
Jatt
Jan
B1.2tt preferred^
2,500
54%
•
Dec
23%: Dec
10%
,
22
l
Dec
117%
Sep
77
Jan
Oil Corp—
Skeily Oil CO-Sloss-Sheffield Steel
:
99%
4:
.
29 % Jan
59 ;
:
3
27% Feb
Sinclair
•
Feb
37
Jan.
Jan
,
Nov
37% Mar
,
Apr 29"
13% Feb ; 5
3
Feb 26
3
20
60
37% "
'<'•37%
*191%
19,600'
Jan ,29
-
1
almonds Saw ft Steel
2,100
22
19%
22*
29
28
110
15%
44
:
4
Jan
66
Simmons Co
600
76
24%
Shattuck (Frank G( —-—No par
Sheaffer (W a» Pen Co—__No par
Shell Onion Ofti-13
-
3,600
:
43% Mar 12
Stiver King Coalition Mines
290
'
Apr
Nov r
24%< Oct
14%' Jan
31% Jan
53
TNo par
No pur
Sharps ft Dohme
—,—No-par
/ $3.50 conv pref ser A.
No par
:
Dec
115
'
98
.
30% Feb
*
»8 conv preferred—
7,600'
•
19%
'■*54%
'M
32%
40
16%
50
Shamrock Oil ft Gas-
82
2
12'/a Jan
Shattwt Steel Corp
1,970
«
40
6%.
25%
26
5,300'
6,300
*78%
Jan
'
—No par
35 %
2,400'
26
113
I
common
105%
-
87%
15
19% Apr
Mar 13
52% Jan
-
No par
pleferred
$4.50
..
24% Mar 14
*—5
31%
82
*78%
82
Co.—
35%
21%
'
'
77
16%
32
28%
ft
103%
76
•
23%
•39'A
25%
28
Sears Roebuck?
60
19%
21% ;
■
50%
*48%
47%
*78%
29%
35%
35%.
105% lOS^'fi.
32 31%
105%
112%
21'%
193/4
75%
«7S-
•*
82
112%
75%
19%
75%
21%
^3%
51
50%
*45
46
29
29%
35%
105%
82
*78%
•
os:
36%
105%
71
A"
29%
29%
35%
105%
32%
32%
26
29%
36%
105V4
36
105%
82
24%
-
20%
105%
32
y
20%
36 3/4
-
105%
■1
20%
*112%
29'A
29%
36
20%
20%
112%
20%
20%
300-
40,400
Feb
10% Apr
25
Jan
.
16
47
20
26
.
|
Dec
33%
Jan
11%
Jan,16
45
Jan;
102%
108% Feb 23 :
22% Marti
Feb
19%
.
3
28% Feb
2
14
X
Seeger-feunbeam Corp
*12%
45 % Jan
.136
37% Jan
2.
38% Feb 19
Jacohrji,i-i-~—---—5
20%
13%
110% Jan/
7
1943/4 Jan
16
Apr 20
22
-
27% Apr
3
.
18%
"
46%
*12%
40% Feb
118
2
20% Jan
——-~No par
im-
*12%<
313/4 Jap
113% Jan
—100
3,50'/'
'
4
106% Mar 11
'Rtntecn: Mlg COu—
^
—-.1
id.fieid Oil Corp__l—
No par
fitter/Company u
Na par
Uoan Antelope Copper Mines——-
3,300/
-
,
52%
29
Preferred 3^0% serlesc
2
18% Mar 14
—1
Tob class-B
10
.fWlO"
I
tper share
7% Aug
2P/4 Feb. 21
295/»Jan
.
.
17% Feb 25
110% Jan
—No par
-
.
Highest
t per share
8
24% Apr
173/4 Mar73
8prfnstii-«--,«^
.' Common
;
7
133/4 Mar 15
—10
eonv
Reynolds (R J.)
200;
t per share
•
rtejruoida
190,
,
50c
—IOC
Copper to Brs&sNo'par
5l/+% prefermL-—
-.100
»teyno*d8 Metals Co.:——No put
5%% conv preferred.
—100
1,500.
10,800"
103%'
tper share
6% conv prior pfd swr A
2,100
123
Lowest
Highest
15% Jan
1
Revere
101
127
78%
37%
400
*ear 1JT4S
•
Lowest
prelerred-i—
Repooiiu 6ivtn. Urip.-.
12,200
39
38%
55%
70
$i
*
'
33-/8
33
10*
Range Sinve January 1
Republic Aviation Corp
Republic Pictures
25,700
'
26
22
15
*54%
*103%
109
*108
108
3,800.
115%
27%
30%
78%
*115%
20%
108
109
42%
..:
113
14%
117%
26%
18%-
127
26
61%
61
3m
*115%
26%
Range for rrevteus
stock
Par
11,500
15,900
33
22%
46%
,
U
m
33'%
117%
26%
126
105-%
.27%
52%
I; *28%-
34%
*115%
28%
18%
;^39%J 42
57
33%
18%
32%
44%
18%
■'; 27
18%
mien
EXCHANGE
"
.
::" 10'%
18%
34
22%
38%
.
46%, 46%
*104% 105 %,
r.-rr- 25%# 25%
:?:f;*.18%r'
26%
18%
18%
32%
48%
33%
18%
33%
;
.
19
117%.
>1
;
19%..
33
,22%
*m: 44%:
■\
19
19
NEW
Week
"Shares
20%
*115%
;
tper share
20
18%
33%,
share
Sates for
the
May 3
20%
125%
28%
V
•Friday
.
20%
108%:
38%
116%
$ per
't per share
share
Thursday
May 2
20%
?
V
"
May 1
20%
116%
26%
„
{
i
20%
15 Vb
•
S per
STOCKS-
t
Wednesday
April 30
tper share
t'perthar*
20%
Tuesday
Monday.
April 29
Saturday
8%
Apr
x93% July
31%
Nov
:.f:
r^vaKui^w.-v"''a;
E.jlftimr^$>
^plume?$6&$Jtanber
4487
COMMERCIAL Sc FINANCIAL) CHRONICLE
"V-'^;/,'ir'A1
;^:''
%-rr \f
'.^
Js^'-V.V':V-' ■'.'^..vr;,' i■;.;:-
>; vj-;:.1-
YORK STOCK RECORD
LOW AND HIGH SALE PRICES
*
Saturday
Monday
April 8T'
,...
$pe*fhat&
15
63
14%
$ per share
•
62%
14%
15%
16%
15%
18%
18%
Xl8%
18%
63%
109%
109 >A
10
'
22%
109%
10
*50
10
22%
23'A
22%
107%
107%
107%
52
52%
59%
60
51%
r
51%
52
60%
61%
19%
19%
19%
52
51%
•
74%.
75%
•
*75%
*l03y8
104%
23%
22%
23%
70
69%
22%
22%
71%
22%
11%
111%
111%
111%
18
-18%
60%
75%
104%
104%
•
71%
22
22%
76%
21
120%;
21
21
21
34%
35 Vt
35%
,
*103%. 105
22%
68
63%
22
22
21%., 22
110%,
*110%
113'A
113%
.
*109%
112
109%
112
27%
;
•
116
155'A 155%.
*114
117
110
27%
39%
39%
39 y2
120%
110
28
156%
156%
V156% 157
114
*113
39%
116
120
*108 %
28
155%, 156%
V
114-
-
39%
155
"
114
*39%
1
6,500
*
Preferred $4.50
50
8.500
155
40"
40
-
1
1,000
•
14,209
112 Va
112 Va
500
1
39%
53%
40 y4
21,300
s
5.000
«■
88 y2
88%
397/a
15%
40
26%
26%
54
5%
13%
13%
Carbon Co
United
No
8,200
37%
•'
United
«-
*77
81%
*18%
52
*76
Drug Co^—
18%
147%
19
2,000
United
50JA
1.200
144
109
14%
29 Va,'
29
61%
63
108%
109
15
14%
2,200.
29 Va
60%
14%
29%
61%
Preferred
t
29%
5,900
106
22
124%
29%
106 y2
106%
22%
106 >/4
21%
*204
22
123%
125
125
'
5,300
100
*204
1,200
20
43%
43%
85%
86
53 V*
53%
*51%
52%
900
11%
11 Va
10%
1,300
38
38%
37%
10%
37%
18%
9,300:
42
83
,
t
42%
18%
is y4
i8y2
11%
11 Va
11%
56%
25J/2 Jan
56%
80
60 !A
5%:
71 y2 Mar 16
16% Jan
47% Mar
5%
•
.
*72
72%
23
Jan
106
83'A
82'/a
Feb
27 JA
27
27 V*
199
51%
51%
51V*
120
21 %
2p0
23
*22
par
13% Jan
t
—;
10
.
103
194
99%
*99
LOW AND
Monday
April 29
April 30
$ per
$ per share
share
30%
50%
21V2
$ per share
4V*%
Friday
May 3
May. ?
$ per share
$ per share
Sales for
NEW
the Week
22
48%
21%
49%
Vick
49%
115
*112%
115
*112% 115"
112%
116
*112%
*113
118
*113
114
114
114
*113
46
46
*46
-'47
47-
411
47
105
106
*103%
It
10 Va
107
47%
10%
10%
10%
10%
90
90
91
90
91 %
91%
*122
122%
122%
122%
122%
122%
104
*98
104
*98
104
122%
105
*98
122%
*98
122%
105
51
51
*40%'
*98
51%
42%
51%
42
*40%
10%
93
50%
51%
50%
40%
50%
41%
10%
41%
50%
50
51
165
165
*165
175
165
*178
190
178
190
72%
20%
50%
73%
73%
20%
20%
53
54
*108% 110%
72%
20
53
*107
108%
113%
-19%
114
113%
20%
17%
14
*106
53%
*40
For
106%
53%
41%
footnotes
20%
18%
14%
106% 106%
53%
53%
40
40%
*20%
17%
13%
18
14
115%
•
see
page
2460.
74 %
....
Jan 22
Jan
166*
4
3%^
r
Va-Carollna
6%
*
cum
-
&
Pow
$5
23
10
99
Apr 20
75%
Wabash RR
19%
19'%
51%
109%
109%
*108%
109%
108%
108%
112%
114% 116%
*20%
20%
17%
18
13%
13%
18%
14%
14%
14%
106%
106%
106%
106%
53
53%
52%
41%
43
53
*106
75%
16%
Jan^-^i 25
Jan
39
Feb
8
Jan-
Dee
4ft
110 > Dec
,! Nov
48% Deo.^l
J
m*
$ per
.v
Highest
share
$ per share
21% Jan
34%
Mar
32
Jan
50%
13% Apr
Dee
22% Dec
>
.
(Hiram)
51% Apr 30
112% Apr 24
86% Mar
104
115
90%
103
50%
5
—No
Feb
15
Apr
2
108% Mar 18
12%.Jan 29
100
par
99% Jan
28
123% Apr 10
pref
105
Apr
9
51% Feb
18
45% Jan 30
Jan
24% Jan
3% Mar
59% Jan
Dec
Dec
45%
-
j
Dec
|
8% Dec
81
I-
\
Sep
57
Jan
83
Dec
45% Jan
,.36% Jan
55
Nov
124
43% Nov
; 52 i Apr 20.
100
72
Apr 26
Jan 22
86
Feb 211
20% Feb
0
78
Nov
18
20
Dec
No
par
39
Jan
2
54
42
100
Dfv redeem preferred.::
Wa!worth
Co
—
Ward Baking Co_
-
106%
50 A
51%
Warner
Bros
44
44
Warren
Fdy & Pipe
5%%
15
105
Apr 12
111
par
98
Feb
.No par
20
Jan
13
.No
Jio par
1
preferred
Pictures.
*100
Deo
110%
Sep
26
Mar 26
117% Jan 14
;
Dec
3
21V* Feb 21
20%
14%
Dec
16%
Dec
110
Feb
;
Jan
3
xll% Mar
'
15
19
Apr 24
15% Apr
5
103V« Jan
3
107% Feb 20
105%
Dec
Apr 24
Jan 16
35%
Dec
50
Dec
3
31
Jan,
3
56
.No par
33
Mar 13
50
—.
Apr 29
r
Dec
Nov
,,
118
No par
preferred.
G & W
!
Nov a
24% Dec
.2.50
preferred
Walker
>'
iClp!
200
.
—
13
24
24% Jan 10
—-—.—23
4%%
-I
>Decy$
9
178
Mar
23% Aug
—
Dec
121'A Dec
—100
,-100
new..
Waldorf System
Walgreen Co
18%
"16
5%
I
8% Dec
■ :
<
Mar 29
50%
13%
Jan
4% Jan
98ya Jan
25% Apr 30
Jan
76
18%
4
Nov
50% Dec ;
'
58 % Apr
2.50
170
53
5
Year 1945
$ per share
175
20%
75%
Oct
;
85% Dec tl>Now
Lowest
-100
76
20%
9
-100
53
18
110% Jan 10
Vulcan Detlnning Co—
Preferred
20
*20%
7
Apr 16
—5'.
20%
20%
Feb
49% Jan
No par
preferred
75
20%
Jan 28
Visklng Corp (The) class A
.
89
.32
200 % Apr
div partic preferred-
El
^
77%DeoV?;
-
.-160
Apr 10
Jan 24
Apr
m
Oct
176
Jan
Jan
3
100
100
Va Iron Coal & Coke 5% pXd—100
Virginian Ry Co
—23
Va
Jan
I Jan
Jan
25
—
Chemical
Jan
58%
Jan
101
Mar
72
Dec
Nov.-
48% DeclS;
7% DecM
73% Oct .>
23Va Aug
46
Sep
Feb
94y2 Feb 26
57*
135%
39
preferred.,
53%
115
22
Dec
"; 67
6
Range Since January 1
Lowest
Highest
preferred
20
111
9%
20%
128
27JA
,
..
16
Feb
J
Range for Previous
-
Co
non-cum
53%
114
.
.
52
29% Jan 14
54
Apr 11
3
31
Feb
97% Feb
3
21
25% May
50
Jan
8% Jan
89
7
188
Victor Chemical Works
6 <3
175
190.
50
Chemical
5%-
92
*91
50%
40%
48
*176%
6
IT
STOCK
Vicks Shreve & Pac Ry
105
10
90
84% Feb
Inc^*-—
.-10
Vertlentes-Camaguey Sugar Co-6%
118
*122
144%
2
—t
Vanadium Corp of Am
113
118
10
6
;
Nov
v Dec
12%
Jan
Jun
22
7% Feb
Nov
"
y«\115%' Dec ?•)!
Jan
Feb
Van Raalte Co
Co
I
;..
Apr
$ per share
Van Norman
-,"l
35
80
154
Shares
31
105
..
100
YORK
56 %
21 %
107
12% Jan 11
16
28
115
30% MaE-f v'Sa-'f-? Decs!;,
7% Jan
46%--Dec^
9"% Jan
ll% Jun ? f:
6
187
EXCHANGE
<
25 VA
107
Apr
,
6% Mar
Jan 29
20
107 V'2
34% 4STovV50 &; Jaa-,nt."S- 70% Dec 0
38% Jan
55% Dec fI,,
2
44
"
i
Apr 20
NO par
100
preferred
56 %
*112%
107%.
95
STOCKS
Thursday
*113
*106
-
y
Jan
47% Apr 20
3
79% Jan
100
—
Leaf Tob
24%
46%
,13%
4
Jan
.Jan,'
4
84
—No par
Universal Pictures Co Iftc
30%
46%
VI
V
May
7% Mar 20
59%
46%
>
Apr
64
15% Mar 13
106
Mar 25
21
Feb 25
31%
21%
Oct
16%
77
77
20
Feb 26
1
25%
*58
45 %
45
-
.
103 Va
2
Apr
Mar 19
-
67% Mar l3
-No par
—
52
112
.;
21
Jan
Feb
non-c 2d pfd.5
$6 conv preferred^,
No par
Universal-Cyclops Steel Corp
1
Universal Laboratories Inc
1
PRICES
Wednesday
May 1
Dec.w; -
5% May
171
-
30%
24%
21%
$ per share
SALE
26%
Apr 24
25
24%
31%
24%
*57%
—
HIGH
Tuesday
April 27
rK
11% Jan
60
50
nreferred—
•
490
Saturday
?f :
84
preferred—
20
4,600'
r[
Dec
12
50
-
-
non-cum
Universal
300
46%
Dec
Nov
64Va Mar
10
100
If
13%
46
27%
2%
51%
41
No par
—
^
Mar 13
60% Jan
1
—
"Nov
25
6 Va Mar
204% Mar
107/a Jan
2
>
'
#51
10
2
United Stockyards Corp—
-
3,900
103
*190
20;
United Stores $4.20
600
21%
45%
1%
2,100
3,500
18%
niT'/a
3
1.
f Oct If
120
U
Jan
22
Mar
106Ve Oct
127
26
i.—1.8, b-vi26
Feb-26
50
59% %b 28
No par
U S Steel Corp
Preferred—U S Tobacco Co
50
Xl57ya 157 y2
13%
26
29% Feb
Jari 11
cl A
conv
Preferred
:
1,400
4,400
*50
18%
157 y2
27
89% Mar
#
j
23
108
4
Feb
8% non-cum 1st preferred
U S Smelting Ref & Mln
21,200
157
Dec
Dec
13% Jan 29
U S Rubber Co
600
Jun
17ya
52ya
Jan
59% Feb
5,100
.
88%
.a
32% Apr 10
21% Apr 25
108
Preferred
2,100
Jan
/
15 y8 Apr
110
9i% Mar 14
36Va Apr
2
4,500
j86.% .87
82%
84
66y4 May
-
3
—>——100
79 y2
72%
Jun
66
10
47% Mar 13
600
300 "
Dec m
14%
'
...
„.20
U 8 Pipe & Foundry...
U 8 Playing Card Co
U S Plywood Corp
IU S Realty & Impt
178
72
87%
87%
.
-
No par
5%
5'A
79%
178
6
Jan
>
■
33%
9
30% Apr
25% Nov
?U-5 r
Nov U
; 50% Nov tv
f *
10% May
Jan
16
Jan 28
153%: Apr
i 'Dec ft*
'If
i3tf Dec :<l'
36 v;1 Dec
9% Jan
17
56
9% Mar 13
No par
US Lines Co—
3,400
179
6
106% Mar
>
Jan
21% Feb
85
3
45% Mar 11
110'A Jan
7
r 23'A Jan ' 3
j
29%
J..-.'■£%.:&
16% Jan 28
No par
Partic &
100
777/a
77'A
179
157/s
'*
•
^
Dec
82
•
Jan
38% Apr 16
.-
&
[f
Dec
*40
1
Feb
38%- Jan
No
1,400
1,000
61
7
Mar.13
s,
:
Jan
1%
Dec
Dec
62%
;7%July
22
July
55 * Apr 12
~
120
Jan
66 ;v
D
7y8 Jan, 29
r
,
38%
•
26y2
40
May l;
17% Apr, 12
28% Apr 13
45% Nov '1
v-
'
22% Mar
-
if
f
Nov,:
,
Aug
Sep
31 y8
Apr 27 £
91% Apr 23
12
3
-12
•
57
80
&T
-J
Aug
.104
U S Leather Co.
1,140
*11%
-
w
27 y*. Dec
•
25
119*
Jan, 18
54% Jan
9
»
Jan
29
,
U B Hoffman "Mach ;Corp
5%% conv preferred
U S Industrial Chemicals
2,500
83%
f
Jan
9
;;
4y8Jan ;3
47% Jan-
No par
US Freight Co
U S Gypsum Qo
1% preferred—
.
2
20%
37% Jan. 28
26
24
.
10
0
42y4Jan,
.
26
Feb
HVa Jan
,—100
U S & Foreign Secur
$4.50 preferred
1,000
,
1
com
-
Feb
30
5
5% preferred ———i
United Paperboard—
110
10,900
29
Cos
United Merch & Mfrs Inc
16,000
'
57
73
.
100
Electric Coal
**;•'.
37J/2 May 3
33'A Feb ,25.
.
United Engineering it Fdy
3
United Fruit Co„
No par
United Gas Improvement Co.J.13%-
142 y2
•
1
Jan
w
...
I
J/
Jan
151
•
10
Dec
112ya Deo ; t
;
37% Feb 26
^--1
80
109
29 y4
-
78% Jan
x!10% Apr ' } 117%
111% July ^ 116
1
May
Oct
26%
102%
100% Jan
.5
'
110
-If:
y •—
,
Jan
I09y4 Jan
5,:
50 ya
isy2
53
*146y4
;
115% Feb, 5
115% Jan 17
Apr; 18
Oct
77
,
«
28% Apr 20
I68Va Feb 7
—1
United Dyewood-Corp—J
700
123
.
14%
120% Mar 11
-
27% Apr
2
109% Apr.lS
par
1
•
-
14%
:
58% Jan
2
140% Jan
:
20
•
77% Apr
8
I 23% Apr 18 I
3d
Aprs 23
m% Jan 24
No par i
Prior preferred-
7,000
'
*i4ya
<•
Cigar-Whelah. Stores.-—30c
Unit'ed'Corp common.—J
$-3 preference
48,400
:
'"
■
United Aircraft Cerpi—
;
5
8%, donv preferred—
100
United' Air Lines Ino.^
«
10
United Biscuit CoL—»—i—No par
900
52%
23
Jan
3
98% Feh 26
110% Apr 30'
No par
112'A Feb 25
No- par r %08
Feb-25
iu25 t
23 Va Feb- 26
Unlted'-Carr Fast Corp^
600
12,200-
5%
52%
37%
series
66% Mar 15
17% Apr £ 3
i—100
hon-cum» pfeferredu
ilea r
Union Tank Car—.—
No par
United
500
15%
.1
Union-Pacific RR;Co
«■
800
900
30%
50
Preferrd $3.70* sertesi
Union Oil of Calif oral#
1
29%
par
,
Union Carbide, & Garb_
No par
Unton El Co of MP $5 pfd—No par
la
'
113% 115%
40
5,900
27%
110
27%
par
NoPar
No
Underwood Corp
No par
Union; Asbestos Rubber Co—5
Hnlott Bag & Paper——No par
r
■27%
No
-
5% .conv prior pfd_—
Twin Coach Co
1.200
110% 110%
*113%. 115
preferred.
;
2.600
118%- 120
111
114
76
76%
34»
*113% 115
27%
20%,
34%
19%
20%
33'A
34%.
116%-118 '
'
j—Ng par
No par
$4.50 prior .ptttc
Twin City Rapid Transits
1,800.
*108% 110
35%
$1.50
200'
4,100
.
Corp,
20th Gen Pox; Film Corp
10.200
*110% in
*113% 1-1-5
20%
115
76
19%,
j
No par
_
Truax-Traer
3,000
i
"
No par
,1
Trl-Continental Corp—
86 preferred—
2,300
t
5
Transue & Williams Sfc'lw
20,700-
-
21%
64 t
66
*113
27%
76
21 %
22%
20%
119%
75%
?
150
v
No par
„3
Transcont'l & West Ai*' Ino
,
200
18%
69%
•
39%
111
*103%-105
r'
22%:
Transamerlca Corpr*.
10,700;
75%-
110%
.1561 i 156
lit
Tlmken Roller Bearing...
3,900
(
75%
112
27%
11
17%
119
27%
25
19%
i ii %
50%
25
60% :*61'A:
121
111
50
•
11%;
61%
35
120
1.400
7,900'
60%
19%' 19»/r
27
76
'
*
4,000
50%
.
83.5a cum preferred
i.
Nc par
Tide Water Associated: Oil—— —10
• $3*,75<
preferred
———Nppar
Tlmken Detroit Axle:
■;
,—10
9,500-'
130'
60%
18%
.119%
*iwy4
111% *111%/
*113%. 115
50
I
!
60%
77
Par
4,400 ' Thermold Co common—.
1
280':;; $2% div conv preferred
50
25,50a
Thlrdi Avenue Transit corp.-No par
200
Thompson (J RV.
—>—25'
3,200
Thompson Products com— No par
390 .5
4% preferred1. »;
—100
2,700
Thompson-Starrett C®._
Nq par
200
.
22%
107
*17%
69%
22%
35%
-
50
107
18%
76%
20%
.
9%
*48%
22%
51%
mi,
■
r
61%
103%, 103%
22%
22%
'
23% '^24
70%
50%
2W-
61%
10%
EXCHANGE
'
9%
,
19 %
*25
t
65
18
'75%
•
18%
110
51%
...
14%
60%
75%
60%
76
60 Mi
109%
107
50%
•
26
11%
60%
,
14%.
*13
^
STOCK
NEW YORK
Shares
14%
V
64%
*60%
19%
52%
26
11%
111%
60%
114
51%
26%
50%
22%
51,
11%
34%
■
Sales for
the Week
59%:
14%
i
-
65
107.
,60%
18
27%
.
19%
60%
*109%
1
23%
107
60%
18
i?a%
:
*106
52
60
34 y4
23
.
61 %
11%
*103% 106
23
107%
52%
*1U% 112
*20%
51
19%
*26
22%
9%
*50
>*
109%, 109%
9%
10
60 %
51%,
-
9%
63%
,
19%
19'A. 19%
23
no
15. yj-y:<
60%
14%
15%
*18%,. 18%^
,
'
"
23%.
*69%
18%
64%
no
'
51
108%,
.
:
63%
v
t per share
14%
,.
Friday
May 3
:::-f
60%
i
*18%
10
51
*107
11%
.
,
*109% no
51
9%
:
51
Thursday
$ per share
15
60% f
15% >i 15%
64%
108
■
60%
18%,
63 \'2
STOCKS
J%
$ per share
15 Va
61%
15%
63
*9%
-
15
61%
15
*61
Wednesday
May 1
16V's
15%
*18%;
*50
Tuesday
April 30
tper share
15
*61
..■•
...April 28
,t
THE COMMERCIAL &
2460
Hit*
FINANCIAL CHRONICLE
Monday, May 6, 1946
NEW YORK STOCK RECORD
v
HIGH SALE PRICES
Wednesday
Tuesday
May 1
April 30
LOW AND
Monday
Saturday
April 20
April 11
$ per
tper share
29%
29%
*29 %
28%
33%
33%
33%
33%
32%
33%
900
*29%
*29%
30%
*29%
29%
300
Waukesha Motor Co
30
45%
45%
45%
45%
45%
44%
44%
44%
45%
*44%
15%
14%
15%
14%
15
14%
14%
14%
14%
14%
38%
38%
38%
38%
38%
38%
38%
38
38
*88
44%
117%
43%
117%
*117%
120
*119%
120
112%
113
*115%
116
*119
111%
111%
115%
115%
47 3/4
47%
111%
100%
36%
37%
23,%
*22
23%
37%
38%
?3%
34
33%
34%
36,000
40
40
40%
40%
300
42%
41
41
41
41
41
41
800
40
40%
40
40
40
40%
39%
39%
40%
104%
104%
104%
75
'70%
104%
104'%
15:/4
104%
38%
*76%
*42%
53%
23 %
29%
71%
26%
2390
11%
2,700
23%
23%
19,700
Willys-Overland
17%
15,900
19
19
19
165
*150
I65
*45
46
45
45
60%
60%
62
62
102
*77
78%
*144
165
*144
165
45
45
45
*45
100%
45%
400
Woodward Iron Co
59%
5,600
61
61%
1,200
98%
100
53%
54
24
24%
500
43
43
43
1,100
53
53%
53%
52%
53
53%
1,800
23%
23%
Jan
3
Dec
1
32%
Jan
84% May
Dec
.
115
Dec
3%
Dec
61
Dec
13% Jan
16
4%
Jan
14%
Jun
32% Jan
17
13%
Feb
37%
Jun
Feb
4
30%
Jan
57% July
Apr
24
64%
Jan
92
56
101
Jun
Oct
40% Jan
29
27% July
31% Aug
38%
Dec
Jan
Oct
37% May
30
Jan
29
37% May
50% May
11
30% July
45%
Jan
28
27% Feb
43
107 % Jan
31
103% Jan
.
Feb
Mar
Jan
Jan
Feb
23%
24
23%
24
23%
23%
3,000
31%
30%
30%
30
30%
1,800
42
5
26
26
3
21
26
70
101
45
98%
27%
13%
84
*33%
9%
19%
16%
99%
Jan
Jan
16
58% Feb
16
Jan
87%
Jan
21%
Jan
31%
26%
Jan
47%
19% Jan
30
8%
Jan
18
Dec
Jan
24
83%
Jan
94
Jun
35% Apr
27
30
Jan
95
5
19% Feb
100% Feb 21
142
5
35
19% Nov
Jaii
22
128
Jan
22%
61% Apr
22
100
Dec
138%
Jan
Feb 26
Feb 26
7
9
May 3
Dec
Jun
Jan
20
46
Oct
12
13%
Apr
Feb 26
Dec
37
Nov
40%
Jan
53%
Dec
10
38
Jan
70
Nov
Apr
25
79
Jan
100
Nov
100% Apr
69% Apr
Jan
Feb
16
80
Jan
100%
Nov
105
Feb
4
75
Jan
110
Nov
82
% Apr
1
69% Mar
84
Oct
44% Apr
16
13
Jan
23%
Dec
Dec
13
4
42% Mar 14
21% Feb
5
Dec
10%
7
Mar
Oct
Dec
26%
16% Mar
16
21% Feb
103
6"% Mar
12% Jan 29
SB
1
Dec
17
26% Jan
20% Jan
Jan
47%
29
Mar 14
•
Feb
107%
28
Apr
Mar 15
Mar 13
Jan 17
Mar
78
101% Aug
31% Jan
Jan
44
Mar 13
Mar 23
Jan 17
Apr
par
64
Dec
Dec
105% Dec
Oct
36% Apr
105
18% Mar 19
34
100
11
72
106
35% Feb 26
142
(Del)
30
30
30%
31%
71
71%
70%
71%
70
71%
69 %
70
69
70
3,500
26 %
26%
26%
26%
26%
26%
26%
26%
26%
26%
2,600
37%
37%
37%
37%
36%
37%
36%
36
36
1,700
Zenith Radio Oorp
14
13%
13%
14
13 5/a
14%
13%
4,600
Zonlte Products Corp.
per
annum
until Aug. 1, 1946, 4%
per annum
a
13%
13%
13%
tin receivership.
prices; no sales on this day.
and asked
*36
Deferred delivery,
n New
Stock,
r Cash
Special sales,
Government
Bond
Bonds
Sales
$$1,000
$2,597,000
206,000
and Miscel.
Bonds
1,036,500
5,110,500
—
Total
594,590
999,170
995,930
978,120
1.000,640
1,014,750
$2,442,000
3,863,000
4,229.000
3,460,000
4,690,000
3.401,000
$124,000
5,583,250
Prlday
$22,090,000
227,500
7,498,000
11,954,500
216,000
2,922.000
6,598,000
433,000
432,500
5.555,500
200,000
131,000
3,732,000
$1,406,500
$12 051.000
$35,547,500
Week Ended May 3
1946
Stocks—No. of shares
Dec
61% Mar 13
74% Feb
5
39%
Jan
70%
Dec
Oct
Jan
29
20
Mar
27%
Sep
34% Mar 14
42% Jan
15
34% July
44%
Dec
10% Jan
14% Apr
18
12%
Dec
25
.No par
1
Jan
wd When distributed.
31
2
3
x-Ex-dlvldends.
5%
Jan
y Ex-rlghte.
Exchange
1946
Foreign
Corporate
Total
$112,000
176,000
232,000
316,000
299.000
$4.(00
$5,000
$121,000
27,000
1 000
204.000
20.000
5 000
307,000
20,000
6,000
72,000
371,000
206,000
40,000
246.000
$1,391,900
$183,000
Shares)
Saturday
Monday
Tuesday
Wednesday
Thursday
Friday
Domestic
238,900
3,1946
436,995
452,535
404,790
449,140
431,135
Total
2,413,495
342,000
$17,000
$1,591,000
Jan. 1 to May 3
Week Ended May 3
1945
1946
1945
1946
1945
2.413,495
$174,COO
$16,187,800
$2,380,050
32,606,700
42,484,200
22,090,000
2,395,000
79,931,900
510,706,200
998,524,500
$35,547,500
$82,500,900
$509,500,600
$1,043,388,750
$3,242,000
$32,185,000
$53,573,000
251,000
5,589.000
20,457.000
17,000
Foreign government
Foreign corporate-
40^322,040
183,000
Domestic..
1,406,500
66,574,220
37,000
245,000
468.000
$1,591,000
145,686,932
2,164,671
$1,391,000
Stocks—No. of shares
7,852,150
132,785,075
Bonds (Par Value)
Foreign
Government
of
Week Ended May
$12,051,000
$3,530,000
$39,019,000
$79,498,000
Bonds
Railroad <Ss Industrial
Total
Stock And Bond
Total
New York
Averages
the daily closing averages of representative stocks and bonds
the New York Stock Exchange as compiled by Dow, Jones & Co.
City Danks & Trust Dos.
Par
Bid
are
-Bonds10
30
1»
Total
Indus¬
Utili¬
65
trials
ties
Stock*
206.13
43.39
206.09
76.70
43.37
•6| ' 1
Indus¬
76:80
10
First
Second
Grade
Grade
trial*
Rails
105.40
*»
117.29
101.44
Ralls
10
Utili¬
Total
40
6 £20 -
3
203.25
63.39
10
100
10
Brooklyn Trust
100
Central Hanover Bank & Trust 20
Chase National Bank
15
Chemical Bank & Trust
32%
430
48%
50%
Fulton
.100
Trust-
Grace National
—
110%
114 %
43 %
45 %
Guaranty Trust
Irving Trust
Kings County Trust
Lawyers Trust
133
138
—
200
—100
190
—10
48%
50%
Manufacturers Trust Co— —20
46%
49%
Morgan (J P) & Co Inc— -100
12%
117.01
101.19
109.22
108.21
Continental Bank
10
21%
23%
National City Bank
New York .Trust——
105.08
116.84
101.00
109.20
108.03
Corn Exchange Bank 3s Trust_20
60%
63
Public Nat'l Bank & Trust- .17%
Empire Trust
Fiduciary Trust
First National Bank-,
116.98
100.90
109.03
108.02
117.01
100.71
108.83
107.97
42.83
75.76
105.19
116.96
100.45
108.74
107.84
50
lo
118
41%
100 1,855
123
44%
1,915
Sterling National
Title Guarantee & Trust
United States Trust
19%
53
10
105.31
345
50
—25
Commercial National Bank &
Trust CO
20
'105.16
•
18%
2 ,000
Bonds
76:46
,
215
•
-100 I, ,950
108.32
& Trust
336
-100
105.40
r
Bid
Par
Ask
34%
442
ties
1
204.9lf
Bank of New York
Bankers Trust
109.14
"43.14
>
2
76,90
10
76.71
43.34
n
Bank of the Manhattan Co
—
Stocks
206,77/
31%
—(Number
ii.
Bonds
U.S. Government
Foreign
Below
24%
Jan. 1 to May 3
1945
5,583,250
47%
Jan
19% Jan
Stocks
Foreign
Bonds
Number of
Shares
Jan
13%
17
Daily, Weekly and Yearly
Total
Railroad
3, 1946
32%
31
35% Jan
Transactions at the New York Curb
United States
Stocks,
Thursday
Data—
s
9
27% Jan
thereafter.
Daily, Weekly and Yearly
Tuesday
Wednesday
on
sale,
57% Apr
26
27% Mar 13
Young Spring St Wire
No par
Youngstown Sheet St Tube—No par
Youngstown Steel Door
No par
71%
Monday
May
106
9
56
pfd—100
Yale & Towne Mfg. Co
York Corp
Jr
29 V2
Saturday
1
10
11
Jan
48% Feb
Wyandotte Worsted Co
(Wm)
31%
Week Elided May
April
April
May
May
40
22% Mar
Apr
35
35
76
90
77
Transactions at the New York Stock Exchange
27
51
116% Apr
43% Aug
No par
84
77
54
-53
54
24%
•Bid
April
Dec
Y
z5%
listed
Dec
118%
26%
No
84
77%
44
43%
112
Sep
14
Wriglev
85
77%
*42%
Jan
113%
14
Wright Aeronautical
85
78
42%
101
53% Jan
50%
50
91%
93
84
88
*42
Apr 23
11
18
39% Jan
10
Worthington P & M (Del)
No par
Prior pfd 4%% series
100
Prior pfd 4%% Conv series—100
200
101
*100%
100%
Oct
113% Feb
45
Woolworth (F W) Co
77%
*85
118%
32'A Jan
10
78
87%
*77%
113% NOV
Jan
Feb 25
Mar 22
36% Mar 21
par
10
Co
59%
99
100%
100%
Wilson-Jones
Wisconsin El Pow Co 6%
62%
*97
Jan
109%
Apr 17
32% Mar 14
No par
No
preferred
—
60%
62
62
99%
$4.25
Motors
*97
59%
60%
61%
102
87
44
42%
43 %
*100%
87%
78%
19
*97
98
98
100 %
19
59%
60%
62
87%
19
*43%
62
700
100%
6
34% Apr 25
1
No par
20
3
1
Wilcox Oil Co
200
165
*150
60 3/8
100
*99%
100
19
19'A
19%
62 %
17
17%
17%
100
100
*99 %
30
119% Feb
7
2
2
9% Mar 15
23% Mar 30
46% Mar 2
87% Jan
2
No par
Wilson & Co Inc
17%
17%
18%
100
60%
37%
>13%
11
22%
17%
*98
300
11%
23%
*99'A
*100%
36
11%
23
177/B
90
*35
11%
23%
-150
46%
35%
35%
11%
23
99%
102
*87%
36
11%
19
100
*98
*101
*35%
—
Nov
30
22
1
24
17 5/8
165
60
36
90
37
23% Mar
Apr
122%'Feb
32% Mar 13
White Sewing Mach Corp
$4 conv preferred
Prior preferred
*88
89% Nov
40
6,800
470
11%
99 %
19 3/8
62%
*35%
16%
90
*87
90
24%
23%
17%
100
*45
*87
11%
11%
24
90
36
*35
*86
16%
15%
16
153%
16%
153/3
15
89 %
38
38%
38%
38% Nov
Apr
117% Apr
35% Feb 26
No Par
$3.75 preferred
1,300
35%
45
Jan
40
16%
105
35%
24
84%
23
12%
White Motor Co
48%
104%
36%
Apr
May
12.50
Instrument
Westvaco Chlorine Prod
10
9
1
88
Nov
12%
Elec
1,500
50%
104%
35%
38%
14%
Weston
27
Apr
41% Feb
3
Mar 15
Jan
2
Jan
3
Jan
4
Jan 23
Jan
112 % Jan
25
May
57
Jan
No par
38
50 %
104%
38%
115
No par
1,600
50%
104%
38%
Dec
33%
85%
36
) 12
115%
110
Wheeling St Lake Erie Ry
100
5%% conv preferred
100
Wheeling Steel Corp
No par
$5 conv prior pref
No par
White Dental Mfg (The S S)
20
49%
104
16%
100
A
Preferred
230
49
104%
50%
49%
series
Westinghouse Electric Corp
72
104
12"% Mar 14
20
No par
100
Westinghouse Air Brake
4,400
105
39
11%
*149%
*70%
*104%
36%
35%
*19
75
106
36
89%
.
*70%
*104%
35%
11%
17%
75
106
35%
35 %
23%
*70%
*104%
36 %
*86
*99%
75
106
38%
36%
*86
*70 Mi
35
34%
9,800
105
104%
104%
104%
104%
104%
*104%
50%
*50
103%
38
pfd
Class B
38
Dec
16% Apr
40
Western Union Teleg class A_No par
34%
39
75
Preferred
1,200
16,500
23%
38%
39
106
99
36%
*22
40%
41%
15
23%
33%
41%
38%
36%
*22
40%
*41%
51
36
23%
35%
99
37%
41
42 %
*104%
99
99
37
*22
34
42%
70 %
100
37%
1,000
53%
53%
38%
41%
103%
*97%
53%
53%
54
33%
34
40%
34%
53%
36%
36%
33%
41
50
9%
24%
*40%
36%
34
103
9%
*23%
37%
36%
104 %
10
25
23%
41
104%
9%
*23%
47%
Air Lines, Inc
1
Western Auto Supply Co
10
Western Maryland Ry
100
4% non-cum 2nd preferred
100
Western Pacific RR Co com—No par
1,300
9%
26%
30% Jan
Western
4,300
9%
100
37%
*22
33JA
*39 Va
82%
82
*24%
53
xlOO
38%
*104
83
West Penn Power 4%%
1,400
9%
x52 %
100%
83
Feb 25
31
100
100
100
West Va Pulp St Pap Co
4% % preferred
25
*24%
25%
84%
83
82%
25
6 ft
—
26%
53%
53%
25%
25%
—
Dec
47% Jan
1
preferred
preferred
7%
400
48
48
*112%
33%
5
1,700
115%
115
48
48
*112%
80
113
Mar
West Penn Electric class A—No par
220
120%
*111
115%
*115
49
48%
*112%
9%
37%
115%
115
48%
_
*25
100%
120%
120%
111%
81%
26%
35%
*22
119%
26
*25
99%
'52
120
26
27%
*52%
40
111%
Dec
20
West Indies Sugar Corp
14,400
119%
48 %
10
9%
10
*9%
42%
117%
111
115%
115%
77%
76%
76%
75%
*24
42%
117%
120
*112%
25%
26
25%
43%
32
16
No par
No par
$4 conv preferred
117%
14% Aug
24% Jan
21%
35% Mar 14
34% Feb
Inc
Wesson Oil & Snowdrift
800
42%
118%
112
112
26
91
*88
3,000
117%
44
*117%
117%
*119%
48%
*47%
*114
*114
91
43
45
43%
118%
43
42%
*88
91
*88
89
*88
89
*88
30
28% Mar 14
1
Webster Tobacco
89
117%
18 % Jan 24
30
Jan
9
No par
5
Wayne Pump Co
1,100
14%
38%
Highest
$ per share
sh,are
5
Washington Gas Lt Co
30%
29%
t per
share
t per share
Warren Petroleum Corp
29%
29%
S per
Lowest
Par
3,700
27
27
28%
28
share
39
15%
*38
*
S per
EXCHANGE
Shares
33%
*29%
45 '/a
45
28%
the Week
Year 1945
Range Since Jannary 1
Highest
Lowest
NEW *OKK STOCK
29
34%
*33%
•
*
Sales for
May 3
$ per share
tper share
share
Friday
*33
30
30
30
34
•33
$ per
share
Range for Previous
STOCKS
•
Thursday
May 2
—25
.—25
12
—100
60%
298
62%
305
46%
48%
105%
109%
44
93
26%
7
775
46
97
28
805
STSUIff A
4
Volume 163 />Numb6r 4487
THR GpMMERClAXi &
Bond Record
New York Stock Exchange
«»
FRIDAY
NOTICE—Prices
HNANCIA^
WEEKLY
■
YEARLY
-
"and
Interest"—except for Income and defaulted bonds. Cash and deferred delivery sales
week, and when outside of the regular weekly range are shown In a footnote In the week In which they occur.
are
disregarded In the week's range, unless they are the only transaeveas
No account is taken sf such sales in computing the range for the rear.
are
The italic letters in the column headed "Interest Period" Indicate In each case the month when the hand* mature.
RANGE FOR
BONDS
'New
York
Stock
Treasury 3y«s
NO.
105.5
Range Since
New
York
Stock
——
High
...
Period
(Continued)
External $ bonds
J-D
*100.8
100.10
100.15
100.30
3Vis Series No.
17
*107.23
107.25
18
*100.8
100.10
100.25
101
3Vis Series
3Vis Series
No.
J-D
No.
19—
1951-1958
M-S
*110.4
110.6
110.4
111.18
3Vis
Series
No.
20
2%s
2Vis
2%s
2%s
2%s
2%s
2%s
2%s
2%s
2%s
2%s
2!/2s
2%s
2%s2y2s
1955-1960
M-S
113.20
113.23
103.20
115.26
3Vis
Series
No.
21—
1948-1951
M-S
*108.18
103.20
Series
No., 22
1951-1954
108.18
*108.16
M-S
*104.12 "104.14
J-D
*115.8
115.10
1960-1968
J-D
*117.2
117.4
M-S
*103.29
1949-1953
1950-1952
1952-1954
1956-1958
J-D
1962-1967
J-D
——
__
3Vis Series
3Vis
Series No.
Series
106
3 Vis
106
106.16
107.15
3Vis Series No.
107.5
3Vis Series
M-S
*108.18
108.20
105.22
105.22
100
105.22
108
104.9
107.4
103
107.9
102.22
107.19
Series
No.
J-D
105.6
105.17
J-D
104.22
105.8
J-D
*104.28
Brisbane
5
107.27
(City)
I
Sinking fund gold
Sinking fund gold 6s
Buenos Aires (Province of)—
105.3
368
102.11
107.9
105.5
14
102.11
107.10
Refunding
June 1967-1972
J-D
103.15
102.25
104
1.577
101.16
106.15
Sept 1967-1972
Dec 1967-1972
M-S
106.28
107.18
265
108.30
109.15
f 4%-4%s
External readj 4%-4%s
External s f 4%-4%s
102.24
103.29
8,783
101.15
106.16
3%
2%s
2%s
2%s
2V4s
J-D
103.16
.1951-1953
1952-1953
J-D
*106.17
106.19
J-D
*104.26
104.28
—
1954-1958
June
2y4s
J-D
*108.25
108.27
M-S
*105.11
105.13
106.19
107.14
1959-1962
J-D
102
102.20
452
100.29
104.16
102
102.25
343
101.4
104.7
102
Dec 1959-1962
J-D
2s
1947
J-D
102
2s
Mar 1948-1950
M-S
*101.25
Dec 1948-1950
J-D
*
102.29
102.31
Jun 1949-1951
J-D
*102.23
102.25
Sep 1949-1951
Dec 1949-1951
M-S
*102.27
102.29
J-D
*102.29
102.31
Mar 1950-1952
M-S
*103
103.2
M-S
*103.3
103.5
2s
2s
2s
2s
Sept
2s
2s
—
.
1950-1952
1951-1953
1951-1958
103.16
June 1952-1954
J-D
Treasury 2s
Treasury 2s
Dec 1952-1954
.1953-1959
J-D
J-D
June 15 1948
J-D
Treasury IVis
1 Via
1950
York
New
103.16
*,103.20
J-D
2s
»
5
102
103.9
103.9
103.7
103.22
103.27 104.3
5
102.30
—
104.14
—
2
104.14
104.26
103.24
10
103.22
104.29
*106
106.2
101.15
8
101.15
101.31
101.18
101.18
2
101.17
102.17
1980
J-D
122
123%
AChile
(Rep) External
27
120%
125 7/a
s
A 6s
NY
M-S
1943
J -J
104 % 104%
37 Vs
37%
1943
1943
J-J
4s
(Dept) coll 7s A
/ AExternal s f 7s series B
/ AExternal s f 7s series C
/ AExternal s f 7s series D
1943
/ AExternal s t 7s 1st series
1957
/ AExternal sec s f 7s 2d series—1957
/ AExternal sec s f 7s 3rd series__1957
/ AAntwerp (City) external 5s
1958
/ Argentine (National Government)—
/
J-J
37%
37%
J-J
*36%
*31%
A-0
A-0
32
A-0
3-D
31%
122
118
1-1603
77
79%
__
77
79 %
A6s
90 3/a
J-J
*101% 102%
97%
36%
104%
38
M-N
A-0
M-N
1951
iggn
30
21%
8
30%
24%
,
—
22%
30V4
—
—
—
24%
30 Vi
21%
30%
M-S
mm
J-D
6
29%
29%
29%
21
28%
28%
n
23%
28%
2
28%
a27%
28%
28Vi
23%
20%
—
25%
21%
6
30
29 ;
23%
M-N
*23
—
«•
—
30
_
29
22%
28
28
—
27
18%
—
7
27
27
27
28%
21%
1
28 %
28%
M-S
29 v"'
23%
3
29 %
21
_
a27%
M-N
...
Oct
Jan
1961
A-0
1961
J-J
85
84
8?
A-O
67%
66
67%
.1970
37
1947
81%
84
"2
81%
r;:85
107
58 Vi
67»/2
51%
52%
*83
'
*53
54
54
1
51%
54
54
54
1
51%
54
99%
99%
3
91
r
100
1952
J-D
__
99%
1953
M-N
*.1951
M-N
1949
M-S
*106
1949
F-A
104
*95 %
34
33%
J-D
A-O
External gold 5Vis.—
1955
External gold 4Vis
...1962
(ADominican Rep Cust Ad 5Vis
1942
IA 1st series 5Vis of 1926
1940
§A2d series sink fund 5Vis
1940
F-A
33
32
A Estonia
32%
French Republic 7s stamped
Customs Admin 5Vis 2d series
5Vis 1st serles.1
A-0
J-J
17
34%
33 Vi
——
—
—
100 %
100
—
A-O
1961
A-0
A-O
J-J
1949
1949
M-S
J-D
*99
98
101
11
98V4
101
96
100%
102
16
100
98 Vi 100
13
90 %
1
102%
100
99% 100 %
102% 102 %
*101%
mmm,
—
mmmm
103
102%
8
102%
,'Z
50
50
106
105
Haiti (Republic)
100%
100% 100%
109 % 109%
105
105
96%
100 %
Helslngfors
106% 110
105
103% 105%
103%
1958
M-N
102%
102% 102%
*101%
2
M-S
109
109
107
109
109 %
J-J
109% 109%
105
109%
J-D
115
115
111%
115
J-D
80
80
64%
80
J-D
72
72
64 %
74%
A-0
78%
78%
62 %
78 %
1979
A-0
71
71
58
72%
1957
A-O
78%
78%
62 %
1979
A-0
71
71
58
part paid
part paid
1964
1968
f 6s series A
(City) ext 6Vis
s
Irish Free State extl
f 5s
*18
«.•».»
1952
1960
15
A-0
A-d>
i.S80
M-N
AJugoslavla (State Mtge Bk) 7s—1557
AMedellln (Colombia)
6 Vis
1954
J-D
*79
65
J-D
61
15
——
*96%
J-D
Mendoza
17%
16%
100
—
—
J-D
*73
59
74%
8% funding bonds of 1831
Stamped pursuant to Plan A
(Int reduced to 3.375% )
1979
External $ bonds of 1944 (Plan B)—
3Vis Series No. 1
a%-s-Series No.
Series
No.
3Vis
Series No.
4
3%s
Series No.
5
3%s Series No.
6
_
74
58
72%
65
66
61
66
66
66
(Prov) 4s readjusted
1954
Mexican Irrigation—
A4Vis stamped assented
65%
61 %
*103
—
102
—
AAssented
AMexlco
(US)
to
Nov.
5.
*15%
17%
*31
32%
61
75
63
82
78
79%
3%s
Series
No.
8
•77%
77%
24
32%
96%
—
M-N
1943
1942,
extl 5s of 1899 £
AAssentlng 5s of 1899-..AAssented to Nov. 5, 1942,
agree
*11
___
1945
1945
Q-J
Q-J
it
11%
*21V#
21
—-
17V4
3Vis
Series
No.
9
*77%
79 %
80
SECURITIES
u
p.ii.r.?
Series
No.
Series
No.
No*
■
11
Series
66
12
3 Vis Series No.
3Vis
Series
No.
10
3Vis Series No. 15
3 Vis Series No
For footnotes
see
77
80
60%
w m.
""
FIRM TRADING MARKETS
60%
65%
63%
63%
61%
63%
64%
65 %
60 V#
65%
63%
63%
60 V#
*64%
—
1
—»
—
2465.
—
63%
60%
65%
64%
p.abl marks & p.o.
ma
<
FOREIGN SECURITIES SPECIALISTS
65%
64
78
16
page
78
65%
64
•64%
13
14
71
50 BroadSk, New York 4, N. Y.
Telephone HAnover 2-0050
i
15%
For Financial Institutions
s
11%
22V8
*21%
*16Vi
agree
FOREIGN
99%
t.
-
*14
80
3Vis
104%
30
*98% 100
—
66
66
*70%
*77%
3Vis
95Vi
14%
66%
67
Vis Series No. 7—
3Vis
19%
.
67
66
61%
61%
64%
3
*71
65
2
3Vis
22
102
95%
mm*.
—
79
1978
Ry)~
'v
'
A-0
s
19
15
*100%
72'A
1952
(Central
(Stamped pursuant to Plan A
(Int reduced to 3.5% )
111 /
—
78%
A7s
50%
105
—
101
1949
7s
A6s
100 Y
103
102%
— —
105
*34%
—
,
104
rnmmm
102% 103
*103
106
167%
34
——
100
*102%
103
115
113
162
1
*101%
M-S
1969
112V4
112
16
*109
101
102 %
A-O
108 Vi
Greek Government—
101%
39
108
104
1
104
167% 167%
M-S
1967
7s
unstamped
96%
97%
106
113% 1133/4
——
A-O
1969
5Vis 2d series
(Republic of)
88 V-4
97
'
,
30%
— —
——
J-D
A
25Vi
6
29%
29%
29%
A-O
30%
1955
,
293/a
29%
M-N
32
—,1955
/
30%
303/#-!
F-A
33
Stamped pursuant to Plan A
(Int reduced to 3.375%)
r
29%
—
:
1947
37%
Stamped pursuant to Plan A
(Int reduced to 3.375% )
AExternal s f t>%s of 1927
>
—
30 Vi
24%
12
1948
37%
lABrazil (U S of) external 8s__—1941
Stamped pursuant to Plan A
(Int reduced to 3.5% )——1978
AExternal s f 6%s of 1926—
1957
U
21%
21%
21%
J
1927
36%
f 6s
I
29V8
30
1926
36%
External s f 7s
j
12
29V#
1
J-D
A-O
J-J
101% 101%
s
"
29%
A-O
1953
101%
External
303/4
— —
29%
29 %
J-D
Z"l9fll
Il961
_~1962
~1962
I Z~1960
5 Vis
F-A
M-S
30%
22%
*30%
J-D
1901
1977
wks
104%
1957
21%
J-D
"1957
__
Rica
103%
1927
32
(Republic of)—
100%
of
30%
29 V#
29%
M-N
1957
(Hukuang Ry) Ss
101
5s
24%
A-0
1943
7s
21%
7
•
M-S
Ii963
7s
"30
22
5
30%
*
iflaa
*83%
29%
J-J
1953
36%
122
63 %'
30
J-J
M-S
114%
lOlVi 102%
29%
F-A
1961
l-
40
30%
•
'
59%
'
37%
109
37%
O
M-N
1981
assented
103 % 103%
external 6Vis
78V#
112%
lllVi
*113% 114 %
1961
A6s assented
103% 103%
J-J
95%
110%
15
J-J
J-J
j&n
AGuaranteed sink fund 6s
103%
External g 4Vis of 1828
110% 110%
F-A
AChile Mortgage Bank 6Vis
A6%s assented
103%
External
96
loo
74%
—
29%
A 6s assented—
M -N
Belgium
38
81%
*78%
~
A-O
AExternal sinking fund
M -N
Australia
95%
6
„Jan
A6s assented—1
1971
1972
A-O
96%
8fi%
97
Sep 1961
a^6s assented—
Sep 1961
AExternal sinking fund
6s^_^,.*.„iQ6a
1948
1972
(Commonw'lth) 5s of'25.1955
■V-
97
M-N
AExtl sinking fund 6s
S f conv loan 4Vis
8 t extl conv loan 4s Apr
95%
88%
•
•
..Feb
f 6s
s
S f external 4Vis
S f extl conv loan 4s Feb
104
30%
assented
32%
31%
102
*102% 103 %
__
A-O
External loan 4%s
4Vis external debt
—
122
102%
1
(Rep of) 8s ser A.1951
ASinklng fund 8s series B__;
1952
lADenm&rk 20-year extl 6s
*..1942
1968
(King of Norway)
AAntloqula
100
94%
194a
(Rep of) 7s
Cuba (Republic of) 5s of 1914
Foreign Govt. A Municipal
Agricultural Mtge Bank (Colombia)—
Akershus
3
94%
A Public
*79%
102 % 102%
A-O
Sinking fund 5Vis
*79%
102%
87
A Czechoslovakia
F-A
62%
101%
102%
T_Feb"l961
6s
assented
ARy external
ACosta
Teletype
A-O
65
101
Zl960
Copenhagen (City) 5s
25-year gold 4Vis
1941
65
/
3
6sl
AColombia Mtge Bank 6%s
Wertheim & Co.
AGtd sink fund 6s
643/4
5
loen
ASinklng fund 7s of
ASlnklng fund 7s of
1947
•
6OY2
94%
f 7s.
of 1928
A6s of 1927
3s external s f $ bonds
Foreign Securities
AGtd sink fund 6s
60 Vi
101 % 101%
J-J
A 6s
Broadway, New York
»'
95
1043
AExtl sinking fund
Colombia
120
65 •':;
65%
60%
«...
94
A7s assented
AChlnese
Members New York Stock Exchange
61
65%
'• "*
*96%
18 SK
A Chilean Cons
Munlc
A 7s assented
Telephone
1
65%
*64%
J-D
«
4B&iffigBTS
A 6s
REctor 2-2300
63Vi
*64%
A-0
AGuaranteed sink fund 6s
•
65
60%
10
1
93 3/a
A6Vis assented
issue—
Unification
65Vi
-
645/b
0
65%
65
61
16
64 V#
—
643/4
•
60 %
%v.
F-A
jinking fund 6Vis
City
Corporate Stock
60.%
65
M-S
__
101.15
J-D
5
64%
64%
M-S
1984
__
103.22
103.22
60 %
1977
A6s assented
el03.23el03.23
103.22
4.'
197$
>_1973
AExternal sinking fund
——
•
M-S
F-A
__
101.27
2s
2s
ewSLSHt.'t> 30-"
102
102.14
64V8
63%
1978
f $ bonds
s
60 Vi
■'■■•V-
—
1956-1959
2%s
Z
s
external
2
ig61
104.16
2 Vis
63Vi
1950
A 6s
104
M-S
104.30
M-S
1958
5s
104.20
•
60%
65%
— —
rnmmmtm
H957
f 5s
s
4
% 63%
tmm—m'
—
—
64%
:
*64%
■
28
No.
65
63
3
/
63 V4
mmmm
30
106.16
106.4
60%
1
r
63%
<-»<•»
mmmrnmm
-HI—
29
106.4
105.22
106.16
106.4
M-S
?%s
Dec.
2y2s
Treasury
~
27—
5
tmmmrn
mmrnrn
stamped
External s f 4%-4%s
1964-1969
1965-1970
1966-1971
Treasury
Series No.
64%
3
;
64
64 Vi
64%
~~
4.
26
3
*105.20
M-S
1 £63-1968
June 1964-1969
No.
60%
64
64%
tmmmm
23—*
3Vis
M-S
High
63%
*
■
mmmrn
__
25
No.
No.
Series
Low
63%
24_
3Vis
3Vis
|'
January 1
63Vi
64
—
115.23
118.15 118.23
Range Since
Sold
No.
High
63%
mrnmmmm
__
...
109.22
__
Bonds
Thursday's
Bid & Asked
63%
~
115.23
__
or
::
109.8
103.31
1948
..
3Vis
'
tC
,
(Continued)—
J-D
J-D
*
Low
1846-1948
_
Last
Sale Price
Brazil
1949-1952
12
<
-
Week's Range
Friday
Interest
Exchange
January 1
Low
s
-
,,
.1946-1948
1956-1959
•
3
3%s
Treasury 2 %s
3%
Sold
High.
1958-1963
*
'
BONDS
Bonds
Friday's
*105.3
A-O
MAY
3s
3s
Treasury 2 Vis
Transit
or
Bid & Asked
Low
1947-1881
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Sale Price
S. Government
Treasury 4%s
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Last
Period
D.
ENDING
Week's Range
Friday
Interest
Exchange
WEEK
»
Teletype N. T. 1-971
22
16%
NEW YORK BOND RECORD
RANGE FOR WEEK
ENDING
MAY
3
BOND S
,
New
York
Stock
Week's Range
Friday
Interest
Exchange
Period
Last
or
Friday's
Bid & Asked
Sale Price
Low
Albany Perfor Wrap Pap 6s
Railroad Reorganization Securities
6s
with
1948
High
Bonds
Sold
Range Since
January 1
High
Low
No.
100
102%
_4
100
105
116'A 116'A
4
114
116'A
103% 103 %
2
100'A
104
*100
A-O
102%
101% 102 %
Membert
61
New
York Stock
A-O
101'A
A-O
116'A
Am it
2030
MS
109
108 % 110
127
American Telephone & Telegraph Co.—
3s conv debentures
—1958
PFLUGFELDER, BAMPTON & RUST
1948
Albany & Susquehanna RR 4Vis—1975
Alleghany & West 1st gtd 4s
199b
M-S
152'A
151% 153'A
151
1980
F-A
105
104% 105%
1975
A-O
104%
104% 105'A
90
103'A
103% 104
105
105%
36
103
40
105
—
100
104
105'% 105%
10
105
108
135% 136%
36
126%. 127%
16
-
2%
New York 6
Telephone—DIgby 4-4933
3s
A
New
York
Friday
Stock
East
Period
Sale Price
Assenting 4s
A Assented
1054
Nov.
5,
1942,
agree
2943
Assenting 4s ot 1910
«AmAssentcd t0 Nov- 5. 1842,
lATreaeury 6s
ot
1913
AAssented
w
to Nov.
Mlnas ueraes (State)—
a Sec
external
assent
1933
193$
AMontevldeo
AOs series
New South
External
(City)
2.125%)
Norway
13
12%
11%
10%
13%
11%
•
MS
16
18%
15
Atl Knox & Nor
14%
15
Atlanta
44
1st
18%
44
44
44
41%
41%
39%
41%
40
42
42
J-D
M-N
42
F-A
102
102
102
A-O
102
102
1
101 %
102% 105
10
102%
A-O
105
9
103%
104% 105%
7
103 %
103
103
1
99 %
1953
A-O
*__
102%
1st
107'A
J-D
A.1903
ser
1963
ZZ1994
*101%
*101%
*42%
100
M-S
26%
27
18
26%
25 %
25
26
114
25
30%
A-O
25
25
26
44
25
30%
A-O
48
42
46
A-O
'19%
23
19%
19%
21%
18 %
25 >/8
25'/e
27
25%
35%
J-J
20
30
20
19%
24
43
45
*41
42
47
43%
2001
101%
105
43
J-D
88
99
J-D
9 2'A
X92
97%
129
92
103
M-S
87%
x86 %
92
185
86%
98'A
M-S
85%
x85%
90%
75
85%
96%
F-A
71%
x71'%
781/2
469
71 Va
100% 101'A
12
100%
1951
1950*
1967
Beneficial
1950
88'A
Loan
Bethlehem Steel
Cons
45
2'As
2%s
mtge
I
ser
105%
1970
101 % 101 %
*101'% 102
J-J
4
130%
106
47
1960
*106%
A-O
J-J
M-N
106
102%
__
99 %
98
71%
84%
*66 'A
72
—
74%
85
1947
M-N
*104% 105
Buffalo
50
Buffalo Rochester & Pgh Ry—
Stamped
modified
(interest
1969
40
45
44
47
42%
47
Bush Terminal
1st
Consolidated
46%
39
105%
107%
107 '/a
106 %
78
85%
92%
19
48%
104%
M-N
85%
85%
88%
1934
A-O
53
53
54
A-O
107
107
"4
102
103
7
54
60,
deposit
4s
1955
5s gtd
106'/a
104%
35
M-N
1957
5s
40%
46%
106%
106
106 % 107'%
104'/a 104'A
105%
106%
105%
at
2% to May 1, 1947) due
JBurlington Cedar Rap & Nor—
§ A 1st & COll 5s
36
*
104
104
__
*105% 106
M-S
2%s_1975
36%
45
4
104%
1952
Niagara El 1st mtge
of
104
104%
M-S
1969
f debentures
106%
134
*106%
45
106%
80
99% 100%
71%
F-A
52
105%
108%
106 %
"2
x71 %
100'A
M-N
48%
101%
102%
106
*108
1950
s
133%
101 '/a
101'/a
10
--
107%
102% 103%
103%
M-S
1961
42
J-D
—
132% 133'A
A-O
M-N
July 1970
45
*40
*103%
1960
—1960
J-J
103
107
98
103
104%
108%
106%
*108
A-O
58
56%
104
109
42
*95% 100
95%
98
*47
53
48
48
45
40
45
2001
iola
pursuant to Plan A
(Int reduced to
2.25%)
,..2004
•A6s extl dollar loan
*43
M-N
45
45
California
1968
Plan"A*~
reduced to 2%)
2012
lASecured s
l9Jo
*41
37%
41
J-lj
*66
J-J
*63
J-J
*66
J-J
'63
M-S
61%
J-J
Guaranteed
gold
4%s
60
70
1951
69%
Can Pac Ry 4%
F-A
61%
Canadian Northern Ry deb 6 %s_—1946
deb stk perpetual
55
61%
JJACarolina Central 1st gtd 4s
5
122'A
124
121'A 121'A
6
121
123%
7
J-J
Certificates of
1949
114%
116%
100
36
100J3
102 %
116 % 118
17
108"%
121
114% 114 %
100 ¥2
J-D
118
deposit
J-J
*55
60
64
J-J
58
58
54%
60
J-J
*52
58
54
61
*74%
79%
68%
78
*68
70
64
69
Alst mtge 5s
{A Con sol gold 5s
ARef Si. gen 5%s series B
Carolina
Cart
A-O
A-O
24%
25
J-D
*17%
F-A
103% 103%
1946
P-A
M-N
*115
M-N
102
Central
*115
120
120
A 5s
;
92%
91
M-N
*89
92%
27
87%
105
96
105
105'A
18
99%
108
81
81'A
74%
27 %
27 %
II
23%
33%
A-O
27
28%
38
22%
33%
J-D
76%
76 %
•5
76
84
81
J-J
*40
109'/a
100%
107'A
J-J
102%
1987
J-J
42%
42%
48%
88
42%
61%
43
43
46%
102
42%
60-%
40'A
43
14
39%
56
1987
1987
—
J-J
102% 105'A
8
107% 107%
2
107
108 V*
F-A
107%
107% 108
7
107 %
110
90
^5%
F-A
105'A
104% 105%
187
104%
107'A
110'/a 110'/a
1
110%
113
49
1
48%
104'A 105
6
103%
106
83
21%
14
18
A4s
83
18
93
3
17%
3
•
109
registered
1987
1st & ref series A
(4%%
•
to Aug 1 1949)
1974
F-A
stamp
Banking Co—
(partial redemption)__1942
Champion Paper & Fibre deb 3s—1965
Chesapeake Si Ohio Ry—
General gold 4%s
1992
^Ref & impt mtge 3 'As D_
.-1996
Ref & impt M 3%s series E
1996
49
J-J
1
105%
104%
109%
;.rl04% 104%
7
J-D
102 %
104%
105%
102% 102 %
16
102%
103%
100
101%
Potts Creek Br 1st 4s
1946
J-J
*100
104%
105%
R & A Div
1989
J-J
*125
107
108%
1989
J-J
*120
100100
:
108% 108%
..
■■
•>.•«
1-i••
42%
52
1
M-S
*104% 108
-
*37%
5 A Central RR &
•5s
J-J.SA
44'A
108
A-O
25
■tmmi
37
—
1961
;
*109'/a"
1974
90
M-N
43
A-O
Central N Y Power 3s
*13
F-A
87 %
45
A-O
Central Pacific 1st ref gtd gold 4s_1949
Guaranteed gold 5s
1960
*86%
109
4s
1
1966
registered
A General
87'/a
87 '/a
93%
J-J
J-D
Illinois Light 3%s
91
107
93%
F-A
17
M-N
88
104
96
F-A
17
F-A
109
1
73
88
86
ZZl958
F-A
1943
105%
I
109
104 %
87
93%
rfead^8tment-™1978
ia»4
93
J-D
109
86%
*93
J-D
88
104
1945
tACent Now Eng .1st gtd 45^.
tACentral of N J gen gold 5s
1937)1*
M-N
F-A
A-O
1948
Nov
M-S
1981
1965
1959
ARcf & gen 5s series C—
1959
AChatt Div pur money gold 4s__195l
iAMobile Div 1st gold 5s
1340
20
104
*120
I960
Z_ZZl964
17%
—
1963
gtd gold 4s
Corp 3s debs
ACent Branch U P 1st gold 4s
tCeDtral of Georgia; Ry—
20%
15%
Clinch & Ohio 4s.
& Adir 1st
Celanese
21
13
3Vis__ZZl972
119
123 'A 123 %
121'A
F-A
60
117%
*116'A 119
J-D
71
13%
1967
118
A-O
16
Zl946
115
1956
15%
10J
115%
1955
35
1948
115
4%s
*15%
and Industrial
Companies
lAbitibi Power & Paper—
|A5s series A stamped
1953
J-J
gold
*10%
Zm?
125%
Guaranteed
J-D
readjustment
122
Guaranteed gold 5s
Guaranteed gold 4%s
M-N
1070
125
123 %
71
1970
108
118%
*123
71
M-N
conv..^ZZZZZl978
106%
120 % 122%
J-J
57
I960
readJustmeat——-1979
A-O
107
M-N
gtd 5s A
1962
gold 4%s
1957
gold .5s
Oct 1969
107
A-O
1974
65
71
1962
1055
1968
3%s
cons
Canadian National
A O
a/£8 assented extl 7s Z ZZZl958
{Pr0V 0f)
iS
Power
Power 3%s
Guaranteed
A~~
(Int reduced to 3.5%)
1973
Croafcs
Slovenes (Kingdom)
.A88 secured
,
Elec
Calif Oregon
Canada Soutnern
to
Adams Express coll tr gold 4s
-Toll trust 4s of 1907..
10-year deb 4'As stamped._ZZ
Alabama Great Southern 3'As
104%
1967
II
Bklyn Edison cons M 3'As
Bklyn Union El 1st gold 5s
Bklyn Union Gas 6s series A
Gen mtge s f 3%s
MS
—mi
assented..._
98%
98
50
M-N
1936
external 7s
14
23
48
Bush Term Bldgs
A~~
conversion..
104%
104
103% 104%
1955
1st 5s A C
series
47
2012
8sZZZ
101
102%
Corp—
mtge 4s series RR
Alnc mtge 4'As sei A
103%
1952
t 5%s
103
101% 102%
103%
A-O
42
1964
•
5
103
J-D
1956
Indus
debentures
38
21
2004
A7j series B sec extl
102
A-O
45
43
A
7s
59
104
J-J
J-J
Xl01% 104
J-J
1951
ACertificates
extl water loan
J-J
1951
stamped
42
2004
8s
M-N
40%
a
2%)
209
1959
*38
M-N
1957
Alabama Power 1st mtge
92%
41
52
J-D
i960
f
of
30
x88
F-A
49%
A-O
Stamped
r
101%
xlOl% 103
88
to
Feb 11960
45
P-A
Stamped pursuant to Plan a"""
(Int reduced to
2.5%)._.
1999
.
102
1071/2
J-D
Beech Creek Extension 1st 3%s
1951
Bell Telephone of Pa 5s series C—1960
-
3%s extl
A-O
103
1955
46%
*44
pursuant to Plan A
Y?f/8aw (Clty>
105
38 %
105'A
$ A Boston & N Y Air L 1st 4s
45
to Plan A
(Republic) ext!
1%
ref 4s_.
4s
4s
fc reduced to 2.375%)
extl
104 %
33'A
102%
52%
48
46%
F-A
2012
Santa Fe external sink funii
4s
lASan Paulo (City) 8s
External
103
46%
3
15
1% to
1st gold 4%s series JJ
48
A-O
1953
2012
AE» e»na sink fund 6s
A External 8ink
fund 6s
1993
gold 4s extended to
85
A-O
"a"
-/•(Int reduced to 2.25%)
A7s municipal loan:
i*'* 4V«% ($ bonds
104
42%
46
33%
1996
80
102% 102%
a
Stamped pursuant to Pian
a
A-O
11
45
33 %
102% 103 %
1%%
due
80
*70%
1940
<Xnt reduced to 2%)
A 7s external loan of
1926
Sydrev rcity)
103%
J-J
J-J
J-J
2000
(int at
1st M 5s
M-N
194fl
external
July 1948
due..
43
F-A
Stamped pursuant to Plan a~
(Int reduced to 2.5%)
1999
6s external sink fund
gold
1968
Stamped pursuant to Plan A
/•'<
118%
to
1st
„
p
July 1948
4%
(int at
41
1947
(Int reduced to 2%)
Prailde 4o Sul (State of)—
Stamped pursuant to Plan
C
1946)
42
J-J
1952
A8s extl loan of 1921
*
ser
1
Boston & Maine
2006
_
f
113
112%
24
J-J
*31
I960
2.25%)
to Plan
Con
32%
19 %
2001
<Infc reduced to 2.375%)
sec 6%s__
Stamped pursuant to" Pla"n
aq
109'A
S'west DIV 1st M (int at 3%%
2%s
APrague (City of Greater) 7 '/is
*
1946)
at
to Jan 1 1947) due
Toledo Cin Div ref 4s A
23
31%
A-O
J-D
.
Stamped pursuant
107
19
53
Bangor & Aroostook RR—
A-O
8sZZ~Zl950
Queensland (State) extl 6s
ARio dc Janeiro (City
of) 8s
Stamped pursuant to Plan
A 7s
1948
due
Ref
28
1968
Stamped pursuant to Plan
(Int reduced to 2.25%)
A Conv
44
39
1947
AExternal
(int
due
Ref Si gen ser P
33
J-D
I9(n
a8s
1
Sep 1 1946)
M-S
Stamped pursuant to Plan a"
(State)
104%
110% 111
115% 116%
J-D
*104% 107
M-S
Sep 1 1946) due
102
99'%
1961
A^?lne<!Td to 2.375%)
7'/as
Stamped pursuant
131%
115%
M-N
debs
Ref & gen ser D (int at
101%
--
MS
Stamped pursuant to Plan A
;
2%s
gold
Ref & gen
—
1940
a4'/is assented
APorto Alegre (City of)
lASan Paulo
mtge
Oct
*105%
1958
to
141
124
125%
—
1964
,'
103%
i960
A4'/2s assented
reduced
131%
Pgh L E & W Va System—
gold 6s
AStabilizatlon loan s f 7s
A4'/2s assented
AExterna1 sink fund gold
(Int.
101 %
1947
1
s
126%
J-D
1963
Ref & gen ser A (int at 1% to
Dec 1 1946) due
-—1995
,
103
2008
1959
ant„red"ced to 2.128%)
vfwV?0p 0f) external 7s
a£»! l°an extl,8 s 68 lE* aer
Loan extl s f 6s 2d ser
SAPoland
Stamped
105
99 % 100
M-S
Stamped pursuant to Plan A
A External loan
M-N
M-N
J-D
1967
a»
a*,/
Refining
to Dec
APanama (Rep) extl s f 5s
a
stamped assented 5s
Stamp mod 3'/4S ext to
Ext sec ref 3%s Beries B
APernambuco (State of) 7s
A6%s extl secured
1948
July 1952
1st mtge gold 4s
Stamped modified bonds—
107%
F-A
Stamped pursuant
96
Ry—
1966
103
1970
*
July 1 1995
1st gold 5s
Air
Ltne
Charlotte
1948
107%
101
1963
.
107'A
124
A-O
NOV
M-N
Atlantic
103%
MS
1905
::
107%
105 7/a
.
B
1040
Municipal B^nk extl s f 5s.„
Oslo (City) sink fund 4'/as
*
107%
92%
97
107%
103
Baltimore & Ohio RR—
4%s__ZZIZ~1956
to
86
*120
1957
(Int reduced
1999
*125
T95S
1 5s
(Rep of)
*95%
*102
110
154
42 >/4
M-S
4s sink fund extl loan
<
M-S
Atlantic <fe Danville Ry 1st 4s
Second mortgage 4s
(State)
s f 5s
(Kingdom of)
Q-J
July 1 1995
mortgage 3%s
46
39%
Jan
1964
Atlantic Coast 1st cons 4s
General unified 4 %s A
46
105%
1993
mtge 3'As series E
&
103%
A-O
196r;
Adjustment gold 4s
Stamped 4s—.
,
External sink fund 4'As
-
1st
A-O
1369.
Atchison Topeka & Santa Fe—
General 4s
18%
1952
"
External
„
January 1
Low
High
'24%
*
1962
107%
143'A
(111)—
18%
7-j
3s
Anglo-Chilean Nitrate deb
Arbor 1st gold 4s
15
2008
7s
A...!.
Wales
s
to
J-J
deb
A-C
A~~
Stamped pursuant to Plan
reduced
'12%
'10%
5, 1942, agree
Stamped pursuant to Plan A~~
(Int reduced to 2.125%)
2008
ASec external s t 6%s
1959
(Int
J-D
agree
t 6%s
s
Sold
•
1004
ot
to
Co
debentures
Armour & Co
Range Since
No.
High
Mexico—(Continued)-—
A
A
Bonds
Bid & Asaed
Low
Tobacco
Ann
Week's Range
or Friday's
Interest
Exchange
debentures
debentures
Amer
Bell Teletype—NY 1-310
BONDS
Foreign Pow deb 5s
2%s
Exchange
Broadway
warrants assented
.
1st
cons
2d consol gold 4s
gold 4s
146% 148
M-S
M-N
F-A
106%
49%
8
144
151%
106 % 106%
23
105
107'A
106% 106 %
3
—
104%
107%
135
135'A
-
HI
,,u ,
yolume
163
Number 4487
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WH, „
THE COMMERCIAL & FINANCIAL CHRONICLE
2463
mw YORK BQMP tECQRO
•
BONDS
New
York
Stock
Interest
Last
Period
Exchange
.
Sale Price
or
Friday's
Bid & Asked
Low
SACMcago & Alton RR ref 3s
1949
Chicago jauriiugcoii & Quincy RR—
General 4s
A-0
__1958
J-J
1st ft ref 4Vis series B
1977
mtge 3 Vis
1985
F-A
1st. & ref
mtge 2%s
1970
(conv)
1997
J-J
B__
1985
l
119 Va
M-N
A Gen
1st
Bonds
Sold
-Range Since
ser
Low
No.
New
York
Stock
226
54%
Friday's
15
116%
119%
117%
119%
103
106 %
,5s stamped.,
Empire Gas ft Fuel 3%s
103%
Erie Railroad Co—
High
Bonds
Range Since
Sold
January 1
No.
Low
High
64%
103
103'/2
59
100 »/2 101'/a
55
99%
69'4
113
67 %
103'4 103 34
16
67 Va
El Paso & S W 1st 5s
1st cons mtge 3 Vis
1st cons mtge 3%s
88
96 '/2
47
94
99%
1st cons,
mtge 3%s
1st cons 2s ser H
71'/2
72 Vi
26
70
83
Ohio Div
1982
M-N
1988
J-J
Jan 1 2038
J-J
tChicago Ind & Louisville Ry—
ARefundwig 6s ser A:.
1947
A
Refunding gold 5s series B—1947
112
124
124
5
106
115
115
2
100
A-O
-
-
-1962
124 %
101% 101%
124%
100'/a
*112
J-J
127=%
417%
126% 126%
A-O
102
*
-2015
ser
E_
F-*.
,4.1990
-
•
-1964
ser
118
J-J
93%
94
A-O
->
93%-103%
145
95%
106%
104%
108'A
"103
102% 103'/8
102%
55
102%
106
101% 102%
J-J
25
IOV/2
106
125%
J-J
-1965
132%
J-J
-1965
"
mtge inc 4%s series A..
104%
99
95%
s
or
Bid & Asked
Low
60'/2
119'/2
68
Last
Sale Price
High
"119
103
Week's Range
Friday
Interest
Exchange
Period
Geu
Chicago & Erie 1st gold 5s
Chicago Gt West 1st 4s series
,
.
January 1
111 RR—
mtge inc
mtge 3%s
High
59
F-A
Chicago & Eastern
'
BONDS
119 Va 119 %
59
F-A
1st & ref
CHANGE jFOE WEPK ENDING WAY ?
Week's Range
Friday
A Gen
inc
mtge 4%s
A Ref
unding
A
4s series C
1st ft gen 5s series A
A 1st A
gen 6s series B
132
J-J
1947
;1966
a
96
139
M-N
22
38
20%
25'4
25Vi
16
24
mtge
J-J
M-S
3y4s-.II]
-1971
30%
Certificates of:deposit.
tPlorida East Coast 1st
4%s
*—
M-S
102
106%106%
"105%
•
.
Firestone Tire ft Rub 3s deb
1A Florida Cent &
Peninsular 5s.
26%
J-J
May 1966
20%
1st
G
ser
-1981
M-N
.1943
:
J-J
105
J04%105>'
•
Chicago Ind ft Sou 50-year 4s
mtge 4s
Gen
mtge
41/2s
conv
4 Vis
inc
2nd
mtge
131
Jan 1
2019
J-J
98
95%
98'4
154
95%
107%
__Jan 1
2044
J-J
82
80'4
83
165
80'A
J-J
93
92%
94'4
158
106'4 106'4
42
A
ser
B
inc
conv
A General
1989
1927
Island & Pacific Ry—
P-A
of
A
Income
M
M-N
71
64%
66%
87%
& S'eastern
4
88%
92%
342
59%
72%
65%
83
94
J-D
J-D
67%
36%
65%
28
39%
100%
"104% 108
100
104%
1
106%
107%
37
96%
—
Great Northern
1994
j-j
1994
j-j
107% 107%
98%
99 Va
100
series P
1963
J-J
1952
J-J
100
1962
1
107
3 04 %
108%
110%
112%
M-S
105
107
105% 105'/2
111% 112
105'/a 105%
112
15
A-O
61'/a
61%
5
56%
A-O
*61 %
61%
16
56%
M-N
Cine Gas ft Elec 1st mtge 23As
Cincinnati Union Terminal—
1975
A-O
104 Vi
1969
F-A
"113'/a
1974
P-A
1993
J-D
1993
J-D
General 5s series B
Ref & impt 4Vis series E
Cin Wab ft M Div 1st 4s
St L Div 1st coll tr
J-J
1977
1991
88
89
105%
110
61%
61%
93 Vi
95'4
128
89 '/2
3
110% 110%
3
89
Cleveland Elec Ilium 3s
1970
J-J
1948
M-N
"103
P-A
121
92%
"115
1981
109
109
47
116
108
107% 107%
7
106%
105'4 106%
36
105%
108%
1977
A-O
105%
105
45
105
1980
M-N
71 %
71
,
106
1961
A-O
1970
F-A
36
103%
9
"106'/a
P-A
1977
74%
M-S
1958
x71
103
J-J
gold 4s„1948
1951
Cigar Corp 3'As
Edison
New
of
102%
103
F-A
"111
106 '4
105
105
3
101%
debentures
1958
J-J
104% 105 Vi
9
104%
1954
J-J
61
62
3
101%
61
4s
1955
J-J
61
61
7
61
1958
J-J
62
62
5
62
1975
M-S
A
1965
1955
AOs
•
J-J
ser
1942
B
ser
104
j-j
104%
108%
105
31
102%
1
103
57%
59%
46
50%
62
49%
49 %
7
82
1
82
-1951
——1951
43 Vi
8
43%
43%
"49%
51
49%
Delaware, Lack & West
N Y, Lack & Western
"49%
52
48
1st ft
ref M 5s
Income
Morris
;
&
mtge
ser
1975
1965
Power
JDenver ft
J-D
"103%
105%
103
104% 104%
J-J
_2
104% 108%
105% 105%
104% 104%
104%
104 y8
"104%
A-O
"66
M-S
lines
1st
J-J
108
107
103'A
107%
93'/a
F-A
107% 108
92
93%
J-D
"105%
*102%
26
105%
155
01%
—
J-J
105%
100% 104%
"105%
108'/2
97
—
J-J
.
15
103% 104
M-N
M-N
1951
J-J
1951
J-J
*103%
1951
F-A
*106'/a
"2
104
..
J-D
10
102% 102%
103
106
101'A 103
...
gold 3s
103 ,103
106
101 Va
106
1970
J-J
98%
95
"104%
J-J
J-J
115
161
66
:■/M
23
105% 106
105%
—1950
—
101%
95 '
J-D
,
..
"*2
115
103%
99%
96... 100
92'A
96'A
104% 106%
105% 106
102
117
M-S
107%
106%
107% 107%
107%
A-O
6s series
A Adjustment; 6s
5s
———1952
A
A—July 1952
series
series B
-
1956
——1956
1944
deb 6s—
Paper 5s series A ft B
1947
.Ref sink fund 6s series
1955
Int Rys Cent Amer 1st 5s B———1972
Int Telep ft Teleg deb go)d 4%*.—1952,
82%
98
32
45%
54%
v20
76%
92
29
85%
86%
A-O
46%
46%
J-J
78'/2
79'/4
79%
98'/a
242
102 &
10
86
J-J
79%
J-J
97%
97%
A-O
102
102 '/a
J-J
"107%
M-S
15
77%
93%
102
■
92
■
99%
103%
105% 108%
—
100
103
J-J
101%
101% 102
33
101%
103%
1055
F-A
105%
105% 1057/a
79
105
106%
James Frankl ft Clear 1st 4*.——1959
J-D
100%
99% 100%
18
98
102%
J-J
103 '/b
103'/8 103%
0
__
'
104
104%
35
194
106%
1963
M-N
103% 104 %
19
103%
M-N
-95
1993
M-N
58
"103
M-N
107%
1973
Light
3s
1973
103
58'4
99%
Debentures 5s—
104
26
57
67%
X67
70
65
73%
109% 110
66 %
A-O
44
109
110%
65
ft
Laughlin Steel 3 Vis—1961
ARef ft impt 5s series B
J-J
1936
J-J
P-A
64
25'/2
A-O
1968
A-O
1966
65'/a
302
64%
6
61%
79%
64
80
M-S
61
25%
28
43
15%
27'4
123
14%
_1970
Detroit & Mackinac 1st lien gold 4s 1995
A Second gold 4s
—1995
Detroit Term ft Tunnel 4Vis
19«1
61
187
59%
76
106'4 106%
18
106'A
109
106'/a 106 %
1
106%
109
107% 108%\
Dul Miss ft Iron
1962
A-O
1937
106'4
J-D
J-J
Range Ry 3'/as
1SADU Sou Shore ft Atl gold 5s
Dvquesne Light 1st M 3 Vis
iPf.
.1988
J-D
5
107%
110'A
5
63%
68
J-D
———
"50
M-N
J-J
68
120
106'/a
106
45%
75
51%
120'4
4
117
120%
106 Va 106'4
9
105%
107%
6
47%
48
48
105% 106
gold 4s__1990
City Fort Scott ft Mem Ry-A.
lARefunding gtd 4s
——1936
-ft Certificates of deposit
Kansas City Southern Ry 1st 3s—-1950
1st mtge 4s ser A
-.1975
Kansas City Terminal Ry 2%s
1974
Kentucky Cehtrkl gold 4s
—1987
Kentucky ft Ind Term 4 % s
1961
Stamped
—1961
10
54
104'A 106
Bast Tenn Va ft Ga Div 1st 5s
1955
M-N
"120
E<* F1 *11 (NY)
120 %
J-J
"155
157
"102
102%
102%
1970
M-S
"105% 106%
105%
106%
4%s
—
—
unguaranteed
—--—1961
u
Kings County El L & P 6s-
1061
-1997
.
82
t> 82%
107% 107%
-
—
82-
44
83%
81
1
»itf07%407%
A-O
J-J
8V103
103%
^"107% 107%
?"l22-'42y^»V>71% 75%
J-J
v*i08%^W>l.
J-J
80%
48
82
A-O
105%
85%
83%
107%
104%
<:*illVa-£«-
A-O
J-J
185
A-O
183
185
104% 104%
A-O
Lake Sh ft Mich Sou gold 3Vis.—.1997
3%s registered
1997
W'
1
—
—
103
1047/a
107%
122
122
65%
108%
72
108%
"106%
J-J
Koppers Co 1st mtge 3s————1964
,tAKreuger ft Toll 5s ctfs
—1959
■
111
J-D
4%
M-S
.
4%
11
5
182
188
104%
107
4%
5Y2
157
J-D
Plain
A-O
121 Vz
19911
1950
"108%
A-O
Kansas
29'A
59%
Kanawha ft Mich 1st gtd
29'A
25
P-A
1978
62%
64'4
1st cons gold 5s
4uto-Lite 2y4s debs
Elg— Jcliet & East Ry 3'As
For footnotes
see
-
;r
110
115%
108
114%
J-D
page 2465.
i' ■>
t :■
.
Detroit Edison 4s series F
Gen ft ref mtge 3 Vis series G
Gen & ref 3s series H
103% 105'A
K
1936
4 Vis
JDenver ft Rio Grande Western RR—
A General s f 5s
1955
AAssented
Els'*
?0S
106%
105% 105%
105%
97%
98
J-D
1963
100
>102%
100%
101
"102% 105
"105%
Rio Grande RR—
gold
21
-
J-J
Alst
107%
A-O
May 12042
&
106% 106%
"105%
Jones
4
division
.5Alst consol 4s
•SAConsol
105
106'A
J-J
J-J
div
C
Coll tr 4-6s_
Delaware
A-O
Co—
due
Essex
45
36
-^International Great Northern RR—
53
1965
RR
__
F-A
53'A
J-D
1955
A.lsi gold 5s series C—
Delaware & Hudson 4s extended
r
85
*112%
103
Internat
i
332
—1951
.1951
iAInternat Hydro El
23As debs
39
84%
27
102
Alst
Deere ft Co
37%
tAInd ,& Louisville 1st gtd 4s
-1956
Indianapolis Union Ry 3%s ser B-1986
Inland Steel 1st mtge 3s series P—1961
86
43'4
J-D
1946
Dayton Pr ft Lt 1st mtge 23As
Dayton Union Ry 3'As series B
38'/a
—
104
1946
deposit rets
112% 113%
72%
80%
A-O
1st ref mtge 4s ser D_
Illinois Terminal Ry 4s ser A
iaa Til ft lowa 1st gold 4s—
106
103
82
43'/4
—..
rets
20
104
"59
49'/2
deposit
106%
103
J-D
1952
receipts
A
106
J-D
receipts
Deposit
124
M-N
HI Cent /and Chic St L ft N O— ,
Joint 1st ref 5s series A
—1963
1st ft ref 4%s series C.
1963
75
A7Vis
76
74%
84%
J-D
Springfield Div 1st gold 3'/2s
Western Lines 1st gold 4s
Registered
76
4s
1st 5s gold
:
104 %
100'A
__
-1951
76
Debenture
Deposit
140%-150
—
101% 102%
J-J
-1951
103
A Debenture
A
"148%
"100%
M-N
10
Omaha Div
106%
ACuba RR
57
St. Louis Div & Term gold 3s
Gold 3%s_—_
104%
3 Vis
IACuba Northern Ry 1st 5Vis
110 Va
12
105%
20
I debs
2\
109
46
104%
102%
Baking 3s debs
103% 104 '
103% 103'A
A-O
104% 104%
106'A
102
s
103%
109
J-J
105% 107
110
102
mtge 278s
■
106% 107%
108%
A-O
4s
5
l067/a
105%
105%
74
1956
3'As
104% 104'/a
73»/8
—1949.
3%s—
—1952
Collateral trust gold 4s
1053
Refunding 5s
1958
40-year 4%s
1960
Cairo Bridge gpld 4s—
—1950
Litchfield Div 1st gold 3s.
.1951
Louisville Div ft Term gold 3%s.l953
112%
106'4
A-O
1965
108% 103'4
debentures
Crucible Steel
A-O
J-J
107%
Purchased
3 Vis
Continental
14 fi
17%
103% 104%
105% 106%
102% 104'A
103 / 104
108% ilOVi
14 %
A-O
116
72
1st
104%
~4
79 ;
.
M-N
111%
101 Vi 101%
Power
29
*75
'14
74%
1st gold 3s sterling
116
--
101'
Consumers
104% 104%
Feb
Collateral trqst;gold 4s———1952
.
Yoti—
deb
104%
Feb
F-A
gold 3%s„
109%
111%
A-O
non-conv
J-J
1957
Refunding 4s
1948
Ry
2000
100% 104'A
80
85%
Extended 1st gold 3Vis
.
106%
debentures
A
108 »/2
104%
—Feb 1957
A AdJ income fis
104'/2
3 Vi s
JAConsol
13
78
J-J
1st gold 48
84%
106%
--
"115
J-J
1961
f 33As A
s
108% 108 %
104% 104%
1999
,
Ry & L 1st ft ref 4 Vis
Conn River Power
108'/2
104%
M-N
1st
L_
134 Vz
110 A
107
107
J-J
.Illinois Central RR—
Commonwealth Edison Co—
series
122'A
140%
127%
130'/8 130'/a
J-J
1969
108'A
extl
120%
136'/a
5
140
140
1990
Illinois Bell Telep 2%s series A—1981
110.
105'/2
1st
8
64
120% 120%
130'/8
116%
A-O
Columbia Gas & Elec deb 5s
105%:
—
106%
114%
A-O
Columbus ft H V
118
102 Va
—•
110%
106
109'4
1973
Columbus ft Sou Ohio El 3 Vis
Columbus ft Tol 1st extl 4s
* *102%
,.1977
ser
Hudson Co Gas 1st gold 5s—
Hudson ft Manhattan 1st 5s A
93%
110%
—1972
modified)
64
H
100
gtd 5 Vis
(stamped
mtge 3%s
J-J
J-J
tSAHousatonic Ry cons gold 5s
1937
Household Finance Corp 2%s
1970
Hudson Coal 1st s f 5s series A—1962
98%
series B gtd
1st s t 4Vis series C
Colorado & Southern Ry.—
f Ss
.
„
12
103% 103%
103'A
J-J
113%
89
89
58
"105
A-O
-.1950
-Cleve-Short Line 1st gtd 4Vis
Cleve Union Term
M-N
J-D
107%
105%
82 7/8
26
85%
85
85
107 %
103%
98%
"130
94%
103%
111%
70
114%
M-N
Cleveland ft Pittsburgh RIt—
Series C 3 Vis gtd
Consolidated
-
J-J
Gulf State* Utll 3%» series D._
,
Consolidated
L'
J-J
1976
Greyhound Corp" 3s debs—
—.1959
Gulf Mobile & Ohio 4s series
B—-.1978
Gen mtge inc 5s
series A
—2015
1st ft ref 3%s series D—
.—1969
100
112
—
105 %
105
J-J
1990
gold 4s
gtd
M-S
Hocking Valley Ry 1st 4%s
1st mtge gtd 3%s series E
1st mtge 23As ser G
Cleve Cin Chic ft St Louis
Ry—
General gold 4s
3 Vis
1952
Gen mtge 3%s ser O
AGreen Bay & West deb ctfs A
A Debentures ctfs B
108%
1
35
108% 108 3'a
J-J
1963
G
ser
1952
Conn
■\
J-D
,—1973
General 4'/2s series D
General 4'/2s series E
Gen
1957
3s
"105% 107%
Ry Co—
General 5'/2s series B
General 5s series C
Station—
2%s
mtge
61
116
—1934
(B P) Co. 1st mtge 2%s.l965
Grays Point Term 1st gtd 5s
1947
100'/2
1943
1st
M-N
60
21
61
1
Goodrich
107%
t§AChilds Co deb 5s part paid
"4Vis
1956
f§AGa Caro & Nor 1st ext 6s
Certificates of deposit.——
81
105 %
'108%
SADebentures 5s part paid
iA Choctaw Ok ft Gulf coos
5s__
s
104
90
88%
'104 .196 %
100
1
103% 103%
91% 62
Certificates of deposit
Ry
Chic & West Indiana com 4s
1st & ref 4'As series D
1st
■
81-
Gas ft Elec of Berg Co cons
5s——194B
Realty ft Utilities Corp—A4s conv inc debs
1
1969
t A Georgia ft Ala Ry 5s
Oct 1,1945
106%
33%
66 '/2
34
J-D
1951
2%-4'As
Series D
82
98%
.
23/4-4'As
Union
mtge
M-s
1952
1st gold 4s
1st mtge 3Vis
1st
a'o
63 %
1951
ref
M-S
107
2
90
62%
90'4
I960
Chicago Terre Haute
Chicago
J-J
1951
5s
3Vis
&
ACertificates of deposit-,
Francisco Sugar coll trust 6s_
•General
1934
gold 4 Vis
91
88%
4s_,
SASecured 4Vis series
91
106'/a
230
67%
89
deposit
Chicago St L & New Orleans
1st
J-D
.1974
Alst ft-ref 5s, series a.
67%
1988
Memphis Div
—
19
stpd
4s
ACertificates
Gold
__
105%
105
J-J
lARefunding gold
A Conv
]l959
96%
mo '4
Western
1st mtge 3s ser B
ISA Chicago Railways 1st 5s
25% partial redemption
tChicago Rock
105%
J-J
Ry—
4%s__Jan 1 1999
inc
ser
Chicago ft North
110
105
J-J
1994
RR—
A
ser
107%
1950
Chic Mil-w St Paul & pac
1st
104 V 8 106%
,j6
*95%. —A
.
115%
■' 'v'
2464
;"v
I®
■%
THE COMMERCIAL &
Monday, May 6, 1946
FINANCIAL CHRONICLE
NEW YORK BOND RECORD
FOR WEEK
RANGE
Interest
Exchange
Last
Period
Stock
Sale Price
or
Friday's
Bid & Asked
High
Low
Sold
Low
No.
—1954
1964
——1964
F-A
1974
1954
1950
27
deb
4s.
J-J
63%
63
64 Ve
56
deb
4s
1958
M-N
63%
63
64 Va
•72
J-J
60
60
61
87
71
73
212
67%
83
93
J-J
A-O
85%
84%
85%
111
84
1957
M-N
45
44%
46
146
34%
50%
1967
J-D
68
67%
69%
158
67 JA
81
1954
M-N
108%
111
tAN Y Ont & West ref 4s—June 1992
M-S
23%
98%
AConv
93%
99%
i A Collateral
6s
96
2
94
96
98%
8
93
99
A 1st & ref 4%s series of 1927
18
80
88%
1st
87%
17
95
53 y8
61
53
65%
66 y4
4
N Y Queens El Lt & Pow 3%s
1965
M-N
62%
N Y Steam Corp 1st 3%s
1963
J-J
73%
If AN Y Susq & W 1st ref 5s
f A2d gold 4%s
f A General gold 5s
ATerminal 1st gold 5s
t|AN Y West & Bost 1st 4%s
Niagara Falls Power 3%s
1937
J-J
1937
F-A
1940
1943
F-A
1946
J-J
42
1966
M-S
—
3
83%
4
132 y2
136%
117% 117 JA
12
117%
120 %
92
*118
107
,
1
38
'M-S
A-O
A-O
107%
106%
—
—
*107%
106%
2
106% 106%
*106%
—
107%
104%
102 tt
106 y2
4
104%
St Louis Div 2d gold 3s
1980
107%
4s
Ill
111
111%
34
110%
registered
Gen lien ry Si Id gold 3s
3s registered
113%
101%
101% 102%
13
100%
102%
105
105'/a
116%
119
MS
1951
M-N
*105y8
5
116% 118
85%
85%
J-D
J-D
82
*102
.,
87%
75
108
2
105%
108%
A-O
103
103
1
101%
103%
tSAMet West Side Ei
48—1938
F-A
*103
26%
28%
...1951
—
M-S
*100%
M-N
1979
J-J
102
*107% 108%
—
*104%
103
Michigan Cons Gas 1st mtge 3y2s_1969
t&AMidland of N J 1st ext 5s
A-O
*80
1940
87%
87
2
84 Vz
90%
105 Va
107 V*
104 Vz
108%
*105% 106%
104% 105
7
64
2
64 •'
75
42
39%
42
28
27
*95% 100
97
64
__
—
M-N
—
103
63
A-O
*26
100% 103%
102% 103
7
63
70
59 Ve
71
15
135%
143
138%
143%
132
133'A
61
MS
138%
*140
*131%
119
J-J
105%
—
118
9
118% 119
;127%
115% 122%
116
*110
87%
49
109%
108
138
Q-J
Q-J
Q-F
Q-A
85 Va
79
89%
87%
94%
82
90 JA
*84
86
105
107
62
105
110
109
J-J
-
32%
100
32%
110
44%
42
*108%
A-O
MS
26%
111 Va
10
107
112
J-J
109
109
110%
64
107%
112
U-S
104
103% 104%
206
103%
1974
1975
1964
2%s
106%
104%
64
102%
105%
104% 104%
25
104
F-A
A-O
104%
102%
106 Va
106 V2
>107
MS
108%
25%
25
13
22
M-S
106 %
106
106%
12
106
108%
A-O
103 »/8
103% 104 Va
22
101 Va
106
1975
F-A
103 % 104
105 y8
1940
1948
1946
Oregon-Washington RR 3s ser A..1960
113
88»A
__
106%
States Power Co—
J-D
Oregon RR & Nav con gold 4s
Ore Short Line 1st cons gold 5s
Guaranteed stpd cons 5s
107
109%
3
109% 109%
102%
Oklahoma- Gas & Electric 2%s
102
107'A 108
__
M-S
104
11%
lOgdensburg 8c Lake Champlaln Ry—
A 1st guaranteed 4s
1948
Ohio Edison 1st mtge 3s
1974
1st mtge. 2%s
1975
Michigan Central1952
15%
104% 105
.
75
Metropolitan Edison 1st mtge 27/«s.l974
Metrop Wat Sew & Drain 5%s
1950
108
103%
11%
12
96
M-N
—
21 y4
24%
84 Va
A-O
J-J
108%
46
23%
102 'A
*
17
94%
93%
94
M-N
*63 Ve 100
Ref & impt 4%s series C
2047
2047
1975
MS
6
433
108 Va 109%
89%
101
63
87
M-N
& Sag 3%S_.
3%s
2047
1st mtge 2%s
(Wise) 1st mtge 3%s
M
gold
Jan 2047
2047
Ref & impt 5s series C
Ref Si impt 5s series D
Coll trust
4%s
1st mtge
1st
1997
Ref Si impt 4%s series A
Northern
Jack Lans
..1998
Gen Si ret 4%s series A
1974
Northern Pacific Ry prior lien 4S..1997
106%
24
Norfolk Southern Ry Co—
1st mtge 4%s series A
AGen mtge 5s conv inc
2014
Norfolk A Western Ry 1st gold 4s_1996
North Central gen Si ret 5s
1974
118% 120
104
104% 105
—
104%
69
132% 132%
117%
11%
J-D
60
65
02%
22
90
88%
1955
54%
34
58%
53
90
4s
49%
51%
57
104% 104%
Atl Knox A Cine Div 4i
4s
52
50
57
119% 119%
2003
(Chic)
4s
N Y Power & Light 1st mtge 2%s_1975
N Y & Putnam 1st cons gtd 4s
1993
51%
126
54%
102
1960
..1948
trust 6s
ADebenture
A-O
1954
75
60
1940
deb
95%
J-J
2003
mtge & coll 4s ser B
certificates 3%s....l956
3
93
F-A
1st & ref M 2%s ser G
1st
^
71
Louisville A Nashville RR—
Maine Central RR 4%s ser A
78
60%
3
83%
M-N
Manati Sugar 4s sink fund...Feb 11957
A Manila RR (Southern
Lines) 4s
1959
78
62%
60
97%
91%
•
1960
1st & ref M 3%s series P
75%
63
60
60
98
53
1963
75
59%
60
A-O
ADebenture
101%
100%
82%
53 Ve
M-N
1951
77%
60
MS
1954
1959
AGeneral
M-S
Louisville Gas A EJec 3%8
"2
93
—.
Louisiana A Ark 1st 5s series A—.1969
61
4
1947
ANon-conv
„
82%
M-N
.—.1949
Lorillard (P) Co deb 5s
3s debentures
31
63
61
1947
3%s
f AHariem River & Port Chester—
1949
—
CI
MS
4s__-.
3%s
96
96
A-O
A-O
A-O
M-N
M-S
MS
Guaranteed ref gold 4s..
deb
deb
96
F-A
J -J
Lehigh Valley Terminal Ry ext 5s_195i
Lex & Eastern 1st 50-yr 5s gtd
1965
Liggett & Myers Tobacco 5s
1951
Little Miami gen 4s series A
.1962
Long Island unified 4s.
—1949
-.
High
deb
ANon-conv
107
97%
—
gtd 5s
stamped
Low
No.
ANon-conv
76%
66
104%
98
F-A
1974
stamped
3
101% 102
—
—
—
46
Range Since
January 1
Bonds
Sold
High
*101%
J-
F-A
—1954
2003
2003
4%s stamped modified—,—2003
4%s registered
2003
5s stamped modified
2003
§;
Week's Range
or Friday's
Bid & Asked
Low
High
ANon-conv
25
72%
—
A-O
1970
Lehigh Valley N Y 4%e e*t
Lehigh VaUey RR—
4s stamped modified—
t
4s registered
; -
Last
Sale Price
ANon-conv
73%
105% 106%
Deo
1978
1st A ref sink fund 5s
Leh Val Harbor Term
Exchange
IN Y New Haven A Hartford RR—
A 1st mtge income reg
Lehigh Coal & Navigation Co.—
8 F mtge 3%s ser A
Lehign Valley coal Co—
5s
Interest
Period
Stock
New -York
Range Since
January 1
Bonds
Lautaru Nitrate Co Ltd—
§ 1st & ref sink fund 5s
5s stamped
# -jlst A ref sink fund 5s
5s stamped
Friday
BONDS
Week's Range
Friday
BONDS
York
New
ENDING MAY 3
97
J-J
J-J
28
13
101%
100%
2
100 Va
101
100% 100%
5
100 V*
101%
100 Va
101%
104%
107 V*
100 Va
100%
108%
109 V»
100%
100V4
>100%
J-J
A-O
26
105%
—
93
105% 105%
Minn St Paul & Sault Ste Marie—
Alst mtge 4%s inc ser A—Jan
26
103y8104
103 Vo
101%
106 Va
1971
Jan
J-J
1991
J-J
73 JA
73
73
73
1990
AGen mtge 4s inc ser A
Mo Kansas & Texas 1st 4s
J-D
99%
99
100%
93
95%
101
J-J
98
98
98%
17
96
101%
89
SO'/a
65
92%
98%
75
84
Pacific Coast
1st gold 5s
Co
1962
40-year 4s series B—
1062
J-J
Prior
1978
J-J
A Cum
4V2s series D
*98%
99 y2
96
96
104
A-O
adjust 5s series A—Jan 1967
& ref 5s series A
118
104
96 Va
F-A
..—1965
94%
93
102%
97
M-S
"52 Va
52 Ve
54 %
352
51%
1977
MS
95%
94 Va
96
424
91%
103
1978
M-N
94%
94%
95%
78
92
103
gold 5%s
1949
A 1st & ref gold 5s series H
1980
A 1st A ref 5s series Z—.—.1981
M-N
39%
39%
40%
221
37
A-O
94%
94%
95%
183
91%
103
F-A
94%
94%
95%
242
91%
102%
A
'
4s
1st & ref 5s series F_
A 1st
ref
&
5s
series G
AConv
Moh'k A Malone 1st gtd gold 4s.—1991
Monongahela Ry 3'As series B.
1968
M-S
90
F-A
*106%
Montreal
J -J
Tramways 5s ext
...1951
1958
M-N
Morris &
2000
J-D
67%
CortBtr M
Constr
5s
1st
gtd 3%s
series A
M 4 %*
J-D
108
ref M 3s series L
1974
J-D
108 Va 108%
1979
107% 109%
ref mtge 3s ser N
1977
J-D
107
107
5
1985
J-D
104% 106
90
—
..
1st &
72
1947
73%
30
M-N
94
103%
72
105 A
107
*_.
102%
80 >/2
65
*105 -k 105%
1st &
Pacific
Tel &
Paducah & 111
Tel 2%s
debs
74%
89%
83%
107 Ve
Paterson Si Passaic G Si E cons Ss.1949
M-S
Pennsylvania-Central Airlines—
3%s conv inc debs
Pennsylvania Co—
v4
1B48
4g
May 11948
1960
1965
1968
1981
4s sterl stpd dollar
Cons sinking fund 4%s
General 4%s
Conv
series A
series B
National
Steel
1st
'
1965
..
A-O
1954
M-N
1948
fANaugatUck RR 1st gold 4s
Newark Consol Gas cons 5s
1945
J-J
New England Tel & Tel 5s A
1952
J-D
1981
M-N
1980
1974
1883
M-S
J-J
1952
J-J
1953
J-J
gtd 1st 4s
New
Jersey P & L 1st mtge 3s
New
Orleans Great Nor 5s A
N O & N E 1st ref A
imp 4%s
New Orleans Term 1st gtd 4s
.?
"
*
Peoples Gas L & C ref 5s
110
Peoria & Eastern 4s ext
A 1st
~
5s series B
ACertiiicates
A 1st
5s
series
A 1st
•
'
4 V/s
X-o
99%
99%
41
107% 111%
F-A
mim**'
II
II
A-O
Ref
&
Imut
2013
Lake Shore coll gold 3%s
F-A
Il998
Y
Connectlng TlR 2%S
Y
Dock
.
B.—1975
A-O
1st gold 4s...«—951
161
92%
99%
371
91
98%
97%
98%
106%
282
105
107%
97%
A-O
-
N Y
Gas El Lt H A Pow gold 5s
Purchase money gold 4s
1948
®
1949
Y & Harlem gold 3%s
Mtge 4s series A
2043
■
■
see
page 2465.
■
mmm
•'
91
91
5
90
85
1
85
97%
93 Va
103
./:j4
6
101% 103%
39
106
103%104
106
22
106%
3
*118
107'A
105
14
104
105%
105% 106
102
105
104
M-N
*103
8
-
105%
1
100
105% 107
104% 106
/•
101%
106 Ve
104%
103 Ve
104%
General gold 4%s series C
1977
Philadelphia, Co coll tr 4%s
1961
Phlla Electric 1st & ref 2%s+—1971
1st & ref M 2%s
1967
1st and ref 2%s
1974
107
105%
106%
131%
105% 105%
128% 128%
6
J-D
124 y8
124
124 y4
31
124
128%
J-D
133%
133
133 V*
34
133
139%
A-O
126 V4
126
126 '/a
126 % 126 y2
39
125%
135%
12
125%
135'/a
106
47
J-J
106
106
111%
105%
107
*105%
107%
104%
..
'-j.
,
871/4
1
87 y4
106%
11
86
104%
94
86
64
70
83
107%
106
107%
104% 105%
141
104% 105'A
142
137
142
J-J
135
135*
135
131
135
J-J
106%
306
106%
105%
108%
104%
108
M-N
*105%
104'% 104%
M-N
*104% 106 Va
142
F-A
J-D
...
107
104%
IfAPhilippine Ry 1st s f 4s
ACertificates of deposit
104%
107
M-N
103%
105
1963
Phillips Petroleum 2%s debs
M-S
105%
106%
%2Va
J-J
21%
26
18
27
23
*17%
..1937
M 3y4s—
107
107%
109
J A Providence Securities 4s
118%
tAProvidence
Potomac
115 Va
El
Pwr
1st mortgage
119%
90
96
1st
3y4S^.........„.
Terminal 4s
Public Service El & Gas 3VtS
1966
..1977
1987
1956
1968
1st & ref mtge 3s...,.......^.^1972
'
97% 103%
..1964
Pittsburgh Cine Chi & St Louis—
Series E 3V2S gtd gold
1949
Seriis F 4s guaranteed gold
1953
Series G 4s guaranteed
1957
Series H cons guaranteed 4S....1960
Series I cons 4V2s
1963
Series J cons guaranteed 4%s__1964
Gen mtge 5s series A
.1970
Gen mtge 5s series B~.
1975
Gen mtge 3%s ser E
1975
Pittsb Coke & Chem 1st mtge 3%s-1964
Pittsburgh Consolidation Coal—
3%s debentures
1965
Pitts Steel 1st mtge 4%s
1950
1st mtge 4%v series B
1950
Pitts & W 7* 1st 4%s series A
1958
1st mtge 4%s series B
1959
1st mtge 4%s series C
1960
Pitts Young & Ash 1st 4s ser A—1948
1st gen 5s aeries B..............1962
1st gen 5s series C
1974
*st 4%s series D
1977
-iPittston Co 5% inc deb
1964
111%
117
8
:
104% 104 Vz
M-S
A-O
1962
105%
115%
94%
^
105%
127
105%
128%
24
F-A
1980
3%s ser D
Phlla Bait & Wash 1st gold 4s—
General 5s series B
;—1974
''
,
102%
104%
M-S
Pere Marquette Ry
109%
P.
..
92%
113%
30
*106
117
*109% 114
92%
91%
103%
*104% 105%
103%
..
M-N
-*•.
95
107% 107%
*116
118
M-N
"
For footnotes
87
105% 105%
J-J
i
8
*115
1973
«
87%
M-N
1973
A
.
92
,
105% 105%
J-D
2043
Lack A West 4s series
13
114y8
109%
87
J-J
,
102%
105
107
••
85
:8,7
r1
F-A
..2000
Mtge 4s series B
4%s series B_—
A-O
97ya
21
91%
,f91%
♦
X
x7$.
F-A
ser
103
92%
J-D
N Y Edison 3V*s series D-i_1905
1st lien A ref 3V»s series E-.—1966
104%
96%
93%
-H- J-J
E.:.-..._.._._i980 '
95%
_
91%
F-A
New York Chicago A St Louis—
Ref mtge 33A'S series D
21£J_1975
Ref mtge 3y4S ser
N
F-A
95%
92%
105
F-A
<'
35
98
92
J-J
^.1998
iiiuil998
101%
89%
95%
•
.•Vf*.'
,v
103
94%
9
101% 103%
102%
125%
111%
102 %
A-O
M-N
111
__
105%
111
22
17 Va
21
105%
103%
10
100
94%
2
97
103%
*98
v
J-J
1998
-1.
Mich Cent coll gold 3'/a8
3 Mrs registered.
N
*103%
F-A
'
92%
A-O
series C
H ? Cent A Hud River 3%s—..1997
3VaS registered.
:
1997
86
96
100
96%
107%
113% 113y4
*65
88
92%
—-
F-A
2013
.
99%
102 y4
'
A-O
impt 4%s series A
3%s registered
12
—.
&
5s
83
..
100
F-A
1956
Ref
Y
118
107% 110
105% 108
107% 108%
2
deposit—
series D
N Y Central RR 4s series A——1998
N
6
105% 106 '
*108
108%
;i;,. *35%
ACertificatej of deposit.......
N
iio
*__
1956
of
113%
Apr
114%
84%
..
111
114
113% 116%
114
1960
Apr 1990
Peoria & Pekin Union Ry 5%s
1974
125% 127%
108% 109
108%
4-Q
ACertiiicates of .deposit—v
A 1st $%s series
A....—^.^...1954
„
111%
118
deposit
C
ACertificates
-
,
99% 105%
97% 103%
1947
4s
.....
...1954
—
of
mtge 3%s ser F
Philip Morris Ltd deb 3s
'3s debentures
INew Orleans Tern A Mexico Ry—
SANcn-cum inc 5s series A
1938
ACertiiicates of deposit——
■
106%
112%
110 >
111%
107
104%
111
104% 105%
A-O
107%
127% 127%
II
107 Va
*110% 111%
J-J
103%
>
,
50
105
105
1985
8
104% 104%
102
102 V4
mi
110%
*107
A-O
1952
—
F-A
gtd 4%s series B__
noy2
107 Va
105%
104% 104%
J-J
RR
—
J-D
1984
103%
Gen
AIncome
1945
1st
M-N
3%s
72
*106
IA New England RP. gtd 5s
A Consol
gtd 4s
i
N J Junction
M-S
4%s series E
106%
J-D
104%
109%
108
25
*
mtge 3s
'
deb
103
103% 104%
J-D
106%
1
108
Pennsylvania RR—
fv Consol gold
mmmm
104%
*102
1960
1952
Pennsylvania Glass Sand 3%s
1960
Pennsylvania Power & Light Co.—
1st mtge 3s
1975
3s s f debentures
1965
Gen mtge
F-A
2
106% 106 y2
M-N
N
1978
106%
J-J
General 5s
National Dairy Products 2%s clebs.1970
*108% 108%
J-D
195b
General 4%s series D
Sji-Nash Chatt A St L 4s series A
J-D
1960
1st s f gold 4%s
Gtd 4s series E trust ctfs
106%
67
56
79
77%
M-N
J-D
46%
102%
—
68%
79%
67
Co—
Panhandle East P L 3s B
100
2
72
M-N
1955
1955
States TAT 3Y*s
Mutual Fuel Gas 1st gtd 5s
89
9
64%
106
*103
1968
—
series B
Mountain
90%
102% 102%
Morrell (John) & Co 3s debs—
Essex
1971
Electric
&
1st Si ret mtge 3s series J
1st & ref M 3s series K
114%
63
106%
104
1975
AGeneral
J-D
Gas
1st & ref mtge 3%s series I
IMissouri Pacific RR Co—
A 1st
J-D
1968
1970
Pacific
Prior lien 5s series A
lien
..1946
1st & ref M 3s series M
Missouri-Kansas-Texas RR—
1st Si ret mtge 5s
1st A ref mtge 8s
....\
:
...2037
2037
F-A
103% 103%
F-A
106% 106%
>106
J-D
>110
123
127%
134%
135
135
133
A-O
105%
135
2
126%
133
133%
9
133
139
M-N
139
3
138'A
134% 142
105%
1
105% 105%
103%
109
103% 104
*103% 1041/2
M-N
J-J
123
134
F-A
A-O
122%
124'A
>121
F-A
J-D
117%
10
122% 122%
M-N
100%
21
103% 104
104%
'A
J-D
*105%
—
105%
106
J-D
*104% 106
103%
105% A
100
J-D
A-O
100%
A-O
100
101
100
101%
21
99% lOO'A
98% 102% A
98% 102%
12
18
*104%
F-A
98%
105; -
*126
J-D
*117%
J-J
*100
127 s'iA"
;
*127
J-D
—
102%*.
105% A
127
J-D
-
>■
•
_.
F-A
M-N
40
-
*107
M-S
111%
M-N
~
*245'/a
102
*>107
'113
13
k
32
108
108
5
40
109
109
112% *
.
111% 111%
109
•164
J-J
J-D
■
99
106
113
*105%
J-J
J-J
■
__
100'A
108
45%
110%
160
i.rf
'0}f\
165
250
250%
■
"V ,j-v>'Tty«|f^;J,'i',: "/• ^-"-' -: |1, ~ - ■
^^
■ , ■". . ./ n-nroimfcwm
^
Volume 163
;
Number 4487
ft MCW!■?/,;,V< •"■ •:'#;>.T^lif• *
| lllillillllSi®.
il§t!v:
THE COMMERCIAL & FINANCIAL CHRONICLE
m^-W
■
'.v-.1.:^ 5;
246S
(?(i W.,-i«'MHA
•' •:.,».
N®>:
NEW YORK BOND RECORD
range
•
BONDS
.
Exchange
Stock
York
East
Sale Price
Friday's
or
.—1964
Range Since
January 1
Sold
High
No.
Low
104 V'a
*103
j-j
%•'
Bonds
Bid & Asked
Low
Cfriftker Oats 2% s deb.
ASi9®
Week's Range
Friday.
Interest
-Period.
New
i)
for week ending may 3
.
'H^Vnl
York
Stock
104
105%
Severe Copper & Brass 3%s__
H ARio Grande West 1st gold
A 1st cons & coll trust 4s A
*104%
M-N
>960
4s.-1939
74%
*—
104%
107
13
107
Week's Range
.
Last
or
•
imp M 4s
imp 2%s series D—
115
75
es
&
Gen
a-o
m-S
1934
Gen mtge 3%s series I
Gen mtge 3%s series J
M- 8
tIAR x Ark & Louis 1st 4%s-
*125%
106%
A-O
II
M-S
1A Rut-Canadian 4s stpd
II
62 Vi
3
106% 109 ■
103% 105%
All
1968
M-N
j-j
104%
103% 104%
j-d
105%
105% 105%
21%
10
1
1947
1998
j-j
1999
A-O
Bt L Rocky Mt & P 5s stpd—
|8t Louis San Francisco Ry
1959
j-j
99% 101 '::
A Certificates
of
ACertificates
607
77
Trenton Gas & Elec 1st gold 5s
1949
Tri-Continental Corp 2%s debs—1961
M-S
*109%
M-S
'•
M-N
A Cons
M 4 Vis
5-j
1st
322
61%
59
*
56%
56%
59%
61
11
62%
65
74
60%
*
j-d
100
j-d
80%
.
103 Vk 105%
100
100 '/a
110.
no
100,
•
102^
102%
102%' 103
63
9
61%
43%
46
1,677
41%
43
45
12
40%
116
116
1
115
98
98
9
93
Pacific
1st &
89 %
2
86
land
1953
89%
j-j
1990
j-j
gold 4s_1968
*5ASt P & K C Sh L gtd 4%s
1941
Bt Paul Union Depot 3%s B
1971
Bcioto V & N E 1st gtd 4s
1989
cons
..A
.1975
2%s
tr
A-O
'■"A-
1945
1967
j-j
1970
j-d
1947
$
j-j
34 /■'
34%
•
.
..
104
—
r.y
102% 105%,
2
:
; 104
34
104%
103%
104%.
*103
107
104
104%
*1.
112%
109%
*109% 111%
:
A-O
RR—
grant 4s
103% 103%
103%
104%
103%
37
1976
F-A
106
105% 106%
84
105%
107%
1959
M-S
103%
103% 103%
5
103%
104 Va
Vandalia rr cons g 4s series A
Cons s f 4a series B
91
98
j-j
1971
Universal Pictures 3%s debs
98%
—
m-n
Nov 1989
3%s
1958
F-A
*110
...
1957
M-N
115
115
115.
115
M-S
104
104'/a
103%
106%
*100
103%
104
122%
122%
*112
109 A 112 ya
debentures
52%
43%
Mo
77%
44%
M-S
coll
of
78%
61%
&
Co
debentures
Union
73%
63
1979
IA 1st term & unifying 5s
AGen & ref gold 5s series a-St Paul & Duluth
M
2%s
100%
63%
—
ACertificates of deposit stpd——,
ISt Louis-Southwestern Ry—
1st 4s bond Certificates
1989
A2d 4s inc bond ctfs
102%
99'A 101%
—
—
Electric
tSAUnion Elev By (Chic) 5s
Union Oil of Calif 3s debs
98
97%
__
*101%
60%
-
series A
1960
24
95
3
95%
*98
—
__
.
deposit
1st ref 4s
74
101%
1—
—
95%
95%
—
j-J
i960
deposit
of
*101%
j-j
i960
A Prior lien 5s series B__
105'A
88 Ve 101 y2
51%
60'/a
103
,,104%
104%
111
75%
99%
A-O
2%s
A
ser
,
1
U
Bt Jos & Grand Island 1st 4s
Bt Lawr & Adir 1st gold 5s
2d gold 6s
Hen 4s
142 y» 152%
103% 106
.148%
"
j-j
1st
A Prior
105% 108
132
*142
j-d
20%
19%
14
•
19
21%
J-J
61
18%
63
*18
137%
129%
50
A Ad J income 5s
Jan 1960
Tol & Ohio Cent ref & lmpt 3%s_.i960
Toronto Ham & Buff 1st gold 4s._1946
108% 108%
108% 109%
*109% 110%
J-J
—1949
llARutland RR 4 Vis stamped——1941
II
Vi
* 108
__
High
14
135
2000
1985
;
Pacific 1st gold 5s
ref M 3%s ser E
Third Ave Ry
87%
m-S
m-S
Low
105% 105%
A-O
Pac Tenn RR of New Orl 3%s..l974
125%
125%
—
A January 1
5:*
106% 106%
j-j
1985
1959
Union
1949
1977
1967
1967
-1969
Gen mtge 4%s series D
Gen mtge 3% s series H
Range Since
Sold
No.
rr
104'A 104%
134
2019
C
ser
Texas Pacific-Missouri-—
Rochester Gas & Elec Corp—
;
Bonds
Friday's
Bid & Asked
Terminal RR Assn of St Louis—
105%
103
~
107
j-j
101%
63
Friday
*
Sale Price
^aw J High
Texas
101% 102 Vi
-
~
Interest
#
High
R
101%
(piviH*5.
"*&■*
Period
Texas Company 3s deb
3s debentures
M-N
D__1995
>'
>
Ref &
ser
i
Exchange
Ref &
Reading Co 1st & ref 3%s
K'N-Sf '■<
wi'A:
llj^-l'^
s BOND S
,
New
)
•*
1
100
100
F- A
*106'/a
A-0
63 %
105%
M-S
26
j-j
J!
106%
132%
—
114%
54%
—
*126
m-n
Virginia Electric & Power Co—
1st & ref mtge 2%s ser E
1975
Va Iron Coal & Coke 1st gold 5s—1949
Va & Southwest 1st gtd 5s
2003
102
97%
31
59%
58%
59%
52%
120
114%
*112
j-D
73
132%
1st
cons
1958
5s
A-O
1995
Virginian Ry 3s ser B
106% 113
25
108% 109%
109%
M-N
.
tSeaboard Air Line Ry—
§A4s stamped
A Ctfs
1950
A-O
*11
dep (stamped)
A Ctfs of
dep (unstamped)
—
IA Refunding 4s
—1959
A Ctfs of dep (NY Trust)
A Ctfs
A 1st
of
A ctfs
dep
6s
cons
of dep
of dep
A Ctfs
A
Seaboard
1st
Air
mtge
RR
82%
F-A
1930
M-N
Skelly
debs
1965
1964
1963
A-O
1985
Pacific
5
102
105%
M-S
105'/8
105
M-N
106%
102'A
105%
102
RR
104%
1041/4 105'A
187
1981
M-N
107%
107'A 108
108
A-O
106%
106% 106%
105%
104%
109%
106
J-J
106%
E
136
135
136
J-J
1994
"9
99% 100%
J-J
1986
Bouthern Ry 1st cons gold 5s
Devel & gen 4s series A
103%
--
38
&
gen
Devel
&
gen
6Vis
gold 5s
A-O
105
105
106
86
104%
120
121
13
117%
121% 123
St Louis Div 1st gold 4s
1951
Southwestern Bell Tel 2%s debs
1985
Southwestern Public Service 3%s__1974
A-O
Aspokane Internal 1st gold 4V2s—2013
Apr
Stand Oil of Calif 2%s debs
Standard Oil N J deb 3s
..I960
F-A
1961
J-D
1959
J-D
Sunray Oil Corp 3% debs
Superior Oil 3V2s debs
Swift & Co 2%s debs
105
128
126%
135%
2
107%
57%
94
103
9
105
106'A
58%
9
*104% 105%
101%
106% 107
32
108%
108% 111
29
—
—
61
101% 102
*106
57%
67%
105%
107'%
101%
105%
105%
M-N
106
106 %
10
105'A
106 %
M-N
104
104'A
20
104
106
—
103
103
102
101% 102%
M-S
102%
ioi
102
104
*101% 102%
M-N
J-J
95%
; 95%
323.
■
88
44
82
82
J-J
:2
86
86%
*
84%
1?;.
M-S
1958
A-O
103
'
i
106% 108
103'/2
1960
J-J
120
120
194f
J-J
86
86
M-N
50
t 48%
"
-
105%
103
:fc
117% 122'%
-I
83%
!'
i
41
*47
A-O
106% 107
J-J
109% 110
?>J-
87%
37%
*■
56
36%
.
9' i
90
f?4%
139.
87%
51
106% 108%
110
109
2
eO<W-lot sale net
t Cash sale
range,
.
_
.
.
'Hi
Mit
flfTDD
Ivnn
vIIKd
Vrfiv '
:
"J
1
v'jr-
.
WEEKLY
AND
-
■
RECORD
YEARLY
NOTICE—Cash
a
94%
91
109%
103% 104
106% 106%
106%
103%
62 9
109%
*._" ' 104
M-S
■■■
.
108
108'A
86
*108% 110
M-S
109
97
146
; 103%
1970
VADV
in
102ft
96
103%
M-N
J-D
1950
1951
1960
r
116%
101
SNegotiability impaired by maturity.
tThe price represented is the dollar quotation P«* 200pound unit of bonds. Accrued interest payable at the exchange rate of $4.8484.
„
.
tCompanies reported as being in bankruptcy, receivership, or reorganized under Bectton 77 of
the Bankruptcy Act, or securities assumed by such companies.
"Friday's bid and asked prices; no sales being transacted during current week.
A Bonds selling flat.
107%
1950
,—1961
—
104
"
48 %
rlOl32
101
a Deferred delivery sale not included
in the year's range,
d Ex-interest.
included in the year's range,
n Under-the-rule sale not included in the year's
not included in the year's range,
y Ex-coupon.
107%
105%
105
M-N
107
109%
104% 105%
J-J
121%
1
108% 108%
135%
20
135% 135%
A-O
A-O
May
JASu & Du div & term 1st 4s—1936
ACertificates of deposit
——
Wisconsin Elec Power 3%s
..1968
Wisconsin Public Service 3%s
1971
123%
J-J
107 %
106% 109
106% 111 9
1..
'
tAWisconsin Central 1st 4s
ACertificates of deposit.
108%
120
1906
108
;
'
A-O
.1996
108
Wilson & Co 1st mortgage 3s.,
1st 4s
145
1950
6s
106
J-J
Inc ser A—2014
117% /;
106
117
*..
Winston-Salem S B
102'A
135
1956
Devel
1st 4s
*..
J-D
bonds
68Vs
104JA
104
115%
Wheeling Steel 3% series C
106%
99%
Facific 4y2s
104%
102%
..
J-D
Westinghouse El & Mfg 2%s
1951
West Shore 1st 4s guaranteed
2361
Registered
2361
Wheeling & Lake Erie RR 4s——.1949
Gen & ref M 2%s series A
1992
Co—
1986
ser
4
Maryland
*104%
*•103 "T
F-A
110%
103%
64%
67
*60
Q-M
1966
1952
Union Telegraph Cc—
Funding & real estate 4%s
25-year gold 5s
30-year 5s
108
104
142
105 %
104
M-S
106
103%
107
Western
112%
24
F-A
Called
107%
122
105% 105%
1970
1955
12
94
debs
3'As
Petroleum
Western
105
104'A
100
6
Western
78
109%
1950
1st 4s
B.
Mem Dlv 1st
M-S
1969
Gold 4 Vis
San Fran Term
mtge 2%s
v
105% 105%
1977
(Oregon Lines) A
Gold 4 Vis
1st
F-A
--
108
73%
2
1108
*103 "* 104'A
5%s
West Penn Power 3V2s series I
Co—
Gold 4%s
series
J-J
1968
Pacific
25%
—
111% 111%
111%
90%
105
13
104% 105
*124
—
1979
2%s debentures
9
16
78
*102% 104
J-J
South & Nor Ala RR gtd 5s
Southern Bell Tel & Tel Co—
3s debentures
74
77 %
100'A 100%
A-O
Co
93 %
94
Apr
Warren RR 1st ref gtd
101%
19%
A-O
Baking
(subordinated)
105
80
4
105% 106
—
J-J
Socony-Vacuum Oil 3a debs
19%
102%
Warren
110
99%
102
85
19%
82%
36
100 %
100
100
F-A
3%s
81%
105
7
gold 3y2s—2000
Washington Central Ry 1st 4s——1948
Washington Terminal 2%s ser A—1970
Westchester Ltg 5s stpd gtd.;
1950
Gen mtge 3%s
1967
81%
69
103'A 103%
Ward
Co—
1941
Southern
69
11
107
t§ASilesian-Am Corp coll tr 7s
1st 4%s
,8
75%
M-S
Seagram (Joseph E) & Sons 3%s_1965
Bouthern
74%
F-A
mtge 3'As ser B
Walworth Co 1st mtge 4s
80 %
74%
99 f %
106%
f
102%
1971
1955
AGen
60%
69
102
93
Apr
1st
61
"5
74%
73%
—
4s ser A wi
2%s
55
—
74
97
98%
inc ser A
Jan 1981
mtge inc 4'As ser B~_Jan 1991
AGen mtge 4s
61%
54
1933
Gen mtge 4%s ser A wi
tASeahoard All Fla 6s A ctfs
Oil
58
—
Wabash RR Co—
125%
53
"5
54'%
,
M-S
(Guaranty Trust)
(Chemical Bank)
Line
127%
129%
118
..1940
t§AAtl & Birm 1st gtd 4s
ACertificates of deposit
125%
54%
54 Va
A-O
(Chemical Bank)
series
W
122
120
~
—
of
and deferred delivery sales are disregarded in the week's range unless they are the only transactions of the week,
footnote in the week in which they occur.
No account is taken of such sales in computing the range for the year.
and when selling outside the regular
weekly range are shows
I
>
1
,
\
»
complete record of the transactions on the New York Curb Exchange for the week beginning on Saturday
April 27 and ending the present Friday (May 3.)
It is compiled from the daily reports of the Curb Exchange itself, and is intended to include every
security, whether stock or bond, in which any dealings have occurred during the current year.
*
-
'
i' vl
In the following extensive list we furnish a
w
;>v-?
RANGE
STOCKS
New York
Par
ACF-Brlll
Motors
Acme V.'ire
A
Co
warrants
10
common
D F Co
1
_a,
Investors common
Alreon Mfg Corp—
60c
Alabama
Great
Southern
$6
7%
25%
17%
19
18%
18,%
18'A
5'A
5'A
5'A
21
200
...2
Apr
5% Jan
8,500
17%
400
Apr
5%
Jan
11% Feb
30%
Jan
13%
Jan
23% Mar
7%
Feb
16% Jan
21
Apr
15
Jan
23%
Feb
5% Feb
1,100
5%
Feb
50c
12%
12%
13%
10
15%
15%
17'A
7%
131.,
*
•
1
r
12%
13%
,
,
100
5758
28
.
28
40
.
48
-50
.28
.
•
Feb
53%
507/a
50
10%
58%
Jan.
May
Jan
Class
Feb
Class B—1
Jan
62% Mar
May
28
—
4%
73
class
119%
48
204
63% Jan
116%
200
('Hi''
4%T
73
Wh
Mfg
1V/*is-; Mwc;;
:
.
Apr
23
Mar
—gf?Ja^
—
53%
Central
50
17%-
X,
'
83% Apr
121
Feb
25% Feb
26
Jan
'
1,000
May
204
113'
Apr
5% Feb
76
Apr
4% Apr
57
Mar
16% Feb
200
10
Jan
110 v Feb;,
—
,
22% Jan
Cities Power & Light-
Convertible
133%
109% Jan
14% Jan
200
17%
American
mi*
833,200
113% 115
—1
American
Jan
Apr
12% Mar
400
i».
High
Low
High
80%
A——.—29
A. ————————————————————..23
Jan
105
—
201%
Range Since January 1
Shares
-r.
preferred..
17%
9% Jan
114%
*
•
-•
-100
American Beverage common.
1
American Book Co—-——100
5%
22%
,7% Mar
128
Apr
115
Apr
190
132
Mfg
—
Aluminum Industries common—
Aluminium Ltd common——
Goods
,15
80%
100
—
preferred
U% Mar
200
132
6%
Aluminum
14% Mar
7,900
1,400
7%
3
.J50
•
*
Altorfer Bros Co common
Aluminum Co common
for Week
of Prices
Low
Par
High
10
preferred...——
900
1
Alios & Fisher common
_1
Allied Int'l Investing $3 conv pfd—-*
Allied Products (Mich)—
10
New common
1
5
For footnotes see page 2470.
10
1,300
21%
0
Alabama Power Co $7 preferred
:
28'%
6'/a
6
21%
--
7% Apr
500
6%
convertible
preferred
Electric Appliance
8
6%
Convertible preferred
Air-Way
8
Sales
Range
Last
Sale Price
Range Since January 1
LOW
1
Ainsworth Mfg common
Air Associates Inc (N J)
Air
STOCKS
New York Curb Exchange
Shares
High
Week's
Friday
Sales
for Week
28%
0
Aero Supply Mfg class A
Class
B
3
Range
L010
8
MAY
Week's
Last
Sale Price
ENDING
of Prices
Friday
Curb Exchange
FOR WEEK
American
Cyanamld Co common-—10
Foreign Power warrants-
American
Hoe
.200
10%
51
11%
500.
5,700
58%
60%
2%
2%
3%
common.——•
22%
22%
23%
—10
47%
111%
46%
48
American &
American Fork &
53%
,
Gas & Electric—
,
110% 111%
4,000
„
1,400,
750
,
55
i 50% Jan
47% Jan ;
7%
47%
1% Jan
21% Mar
Apr
11% Apr
Jan
.
.
51% Jan
Jan
61%
,v
Apr
5% Jan
26% Jar
,3.500
x40%
Feb.
'49%
Apr
375
110%
Jan
113
Jan
I
THE COMMERCIAL S FINANCIAL CHRONICLE
>6
Monday, May 6, 1946
NEW YORK CURB EXCHANGE
RANGE FOR WEEK
STOCKS
New
York Curb
Week's
Last
Exchange
Sale Price
t''-
American General Corp common.. .100
1*2. convertible preferred
$2.50 convertible
...1
preferred
Low
.>25
American
Mfg Co
American
-25
common
Maracaibo
Co
American Meter Co
49%
49 ¥2
49%
425
53%
53%
50
29
29
30
250
24
45%
46
Jan
7%
28 ¥2
28 ¥2
28%
2,900
24%
Jan
29%
Apr
Conv
30%
30%
500
28 '%
Apr
32%
Jan
19
20%
1,100
24
Jan
5%
10,500
Republics
American
f
So
4%
Seal-Rap
American
50%
54
Feb
Central
Jan
35%
Apr
§Cent States Elec 6%
40% Mar
19
46
May
3% Mar
5%
Jan
44
45%
200
41
Jan
46% Feb
44%
875
41%
Apr
56
Jan
40%
43%
8,000
39
Apr
44%
Apr
23'%
»
23 ¥4
20%
—2
,
preferred
3
60%
62%
l
6%
Jan
7%
Feb
9
Jan
12%
Feb
10 ¥2
10%
800
9%
Jan
14
14%
1,300
13%
Feb
17% Feb
18
Jan
19% Jan
6% Feb
15%
Feb
"E
~5¥a
800
5
Mar
_•
41
40
41%
800
35
Mar
114
114'A
150
112
-48%
Apr
100
114'A
Jan
115% Jan
11%
11%
12%
6,400
10%
Feb
14% Jan
•
6%
6%
7¥a
2,600
5%
Feb
•
7
6%
7%
14,200
5%
Feb
preferred.
Jo
10%
10%
11
&
—2.50
Refining Co
i
Associated Electric IndustriesAmerican dep rects reg
Atlantic Coast Line Co
Atlas Corp warrants
Atlas Plywood Corp
Automatic
22%
12
11%
24
12%
Neon
2%
2%
2%
2,800
8
8
9%
250
11%
11%
12%
84
10 ¥1
12
75
78
31,900
8
Jan
11% Mar
Apr
3%
Feb
11%
Jan
16~% Jaii
Mar
91
Jan
Jan
13%
Apr
Jan
13
Mar
32
Clayton ft Lambert Mfg
Cleveland Electric Illuminating
Clinchfield Coal Corp
—4
Clinton Industries Inc
—1
Club
Aluminum
Cocksbutt
Utensil
Plow
Co
Apr
Columbia
5%
Gas &
V t
extended to
c
Jan
35 ¥4
Apr
18%
Jan
10 ¥2
Jan
Consolidated
Jan
Consol G E L P Bait
32
400
26%
Jan
B
v
l7o
•
Conn Gas
$3
preferred—
30
ft
$1.20
Basic
Seelig
common—.
>
x
_
X
Canada——
__ioo
ft
Bohnck
(new)—
7'A
7 ¥4
7%
6.200
28
39%
38 ¥a
40%
3,350
100'A
warrants—
iff
wrnts
1
"1
r^rtib^ preferr«^-*
•
—
•
Class
""
I
27
37%
13
13%
49
25%
25%
26%
5%
184
34%
Jan
19%
May
Apr
Feb
Apr
Jan
40% Jan
4% Mar
11,400
450
43
9%
May
20
5%
x31%
Jan
220
21
Jan
6% May
165
6
21%
Jan
1
Textile
Co
Range Co
Cornucopia Gold Mines
Corr-xm
&
convertible
55%
36
2,200
60
142
145
400
American dep receipts
Creole Petroleum
Crown
Cent
Petrol
Cork
International A—
Feb
Crown
May
1%
Drug Co
400
45
Feb
65
Apr
Cuban
Tobacco
150
Jan
Curtis
Lighting Inc
135
39
Jan
28%
200
21
Mar
Mar
22% Mar
,
21%
Jan
4%
Jan
Feb
31%
Feb
12%
Apr
24%
Apr
12%
5,500
200
20%
Feb
33
Feb
34
Feb
24%
100
23%
Apr
25
Jan
Atlantic
5%
IIII
7% Mar
21
Apr
21
Apr
t
700
5%
Apr
225
25 %
Jail
3%
4¥a
1,450
3% Mar
13%
14%
3,100
9 %
30
32
66%
71%
600
67
10 ¥4
1
_
ZIIHb
Jan
10 ¥1
44
Apr
Jan
Jan
3,000
II ¥a
44
28
44
100
—
45
5,100
8*
500
i
41
Jan
21% Apr
24% Jan
7%
Sugar—
Dejay Stores common
Dennlson Mfg class A
86 prior preferred
Detroit
common-
ftff.
-
Capital City
Carman
12% Jan
Jan
4
Apr
Feb
12% Jan
16%
Apr
ft
;kCarnation
Co
:
v
Casco
«
class A
common
Castle
(A M)
&
of
_•
11% Jan
May
Feb
Feb
2( -
200
15%
14%
400
13% May
3%
3%
9,300
33
3%
New
7%
—...
page 2470.
.1
~~Iqq
Diana Stores Corp
Distillers
Domestic Industries class a
20
Apr
30%
10,300
Jan
107% May
8%
16%
16%
16%
2510
16%
65
65
65
50
Jan
36 ¥4
36'A
3 6 ¥2
100
36 ¥4 May
18'A
18%
900
13
18 ¥2
8,300
35
60
36%
Apr
Feb
107 ¥2 May
38%
Jan
Jan
13 ¥2
Feb
Feb
20
Feb
Mar
17 ¥2
17 ¥2
•
25
13%
Jan
Jan
69 %
Apr
38 % Mar
19 %
19%
Apr
Apr
175
-
181
160
140
Jan
190
Apr
175 ¥4
175
180
30
145
Feb
180
May
12%
12%
13'A
11.
2,600
Feb
13%
Apr
27%
31%
800
23%
Jan
31% May
20%
—
21%
450
20%
Jan
21%
5%
5%
4%
—
Jan
8%
Jan
31 ¥2 Mar
Apr
37
—
Jan
7'A
Feb
17% May
38 ¥4
Apr
23%
50 %
Apr
23% May
24% May
11 %4 Mar
24 ¥a
—
12 ¥4 Mar
23
17%
3,000
Jan
25 ¥4
22 ¥2
22 ¥4
22 ¥4
Feb
24 ¥2
Feb
Apr
Textile Co Ltd
&
26 ¥a
26
28%
1,900
20¥2 Mar
28 %
Apr
20
20
20%
300
17% Mar
22%
Apr
a
Co Ltd
Chem
Tar
5%
5%
6¥a
l5¥a
16 ¥2
5 3/8
12,600
15 ¥2
3,600
96
96
Feb
41 ¥4
Jan
17 ¥4
Apr
833/s
89 ¥2
92
500
•
Duke Power Co
Dunlop Rubber Co Ltd—
Am dep rets ord reg —-———£1'
Durham Hosiery class B common
.•
Duro Test Corp common
—J
*
.
—
—
--
Jan
96
83
20
92
Driver Harris Co———,..—10
,
8%
Jan
Mar
96
54
96
•
Corp
Duval Texas Sulphur.—
Jan
11% Mar
•
.*
25
Mar
98 ¥2
—
Jan
65
109
May
Apr
Feb
Apr
♦
■
.
22%
>7%
18
7%
18
22 ¥2
T%-
18% '
100
9% Mar
16
Feb
2.600
6%
Jan
1,900
14%
Jan
10% Mar
24 ¥2 Mar
10%
20
Feb
Apr
Jan
Apr
Jan
16% Jan
*4% Jan
.4% "h
prior preferred
.6% .preferred
Eastern Malleable
100
..—100
—
Iron —-—'
Feb
34
Jan
46
63 :
Apr
64
12%
23
25
48
49
52%
Jan
Feb
Jan
35
Jan
68
Apr
117% Mar
Eastern
3,300
*17% Mar
25
May
200
34% Jan.
13% Jan
51
Apr
Electric
19% May
120% Mar
$3.50
120
Jan
Apr
Bond ft Share
pfd formerly $5
80
~3%
—
54
7
102 ¥2
88
4,200
300
4,475
Jan
8
97'%
Jan
104'%
65
Feb
6
4
1.500
33/4 Mar
88
42'%
5
Jan
Feb
May
Jan
Jan
80
80 ¥4
225
69
Mar
85
Apr
77
77%
75
68
Mar
80'%
Apr
50%
50
Apr
50%
Jan
—
55
2,600
12 ¥4
12%
12%
3,200
37 ¥2
common.
$4.20 pfd. formerly $6
6%
101
37'% Mar
80
$5 preferred
Easy Washing Machine B.
Economy Grocery Stores—
11% Mar
84 ¥2
—-—•
Corp.
preferred series B——
Eastern Sugar Associates—
100
14%
States
6%
102
-28
$7 preferred series A—
29%
20
34
107% 107%
40
Jan
19,300
31%
32
107%
....28
com
Dominion Bridge Co Ltd
Dominion Steel ft Coal B
30
19%
Apr
I
1
common
20
121
6 Vb
25:
£1
1
100
16%
Apr
200
1
350
121
Jan
4
200
Co Ltd—
Am
12%
19%
8%
32 ¥2
26%
IS
33
V>
5
Jan
Apr
Jan
26
5
common
preferred
29%
80
Jan
Mar
6%
26
—1
32%
63%
9%
203/4
29
52
l
29%
10
"pfd
4%
20
31%
117
Co—
50
Jan
17% Apr
16%
1
America
see
Jan
23
13%
24%
Central Maine Power 1%
knotes
Jan
May
13%
15
>
>
I
2,300
East Gas ft Fuel Assoc common—*
Products
Catallo—cprp
5
12
Jan
3%
Carolina P & L $5 pfd—
Carter (J W) Co com.
<
Apr
5% Apr
Apr
16%
Products.
Co
6%
Feb
14%
Class B
8%
29%
3,950
8%
inn
voting
7% Mar
18%
24%
4
•
3,800
«*—
10%
8% May
8%
.10
'
30
8
De Vilbiss Co common
Alconol-I}c.
voting
8
Jan
Draper
2,900
Apr
33
71% Apr
102% Feb
7% Mar
9¥2'
If)
800
2% Mar
24%
Feb
5,600
2,000
8%
14%
17,600
26,400
14,200
23
2,500
6%
2%
-
Feb
Apr
18%
17 ¥2
10%
300
5¥a
38 ¥4
16%
4,000
Jan
33 ¥2
14 ¥4
9%
13 ¥4
Jan
21%
36%
15%
12
11
Jan
16
15%
12%
Jan
Apr
13
38
10%
11%
Jan
24% Mar
2% Mar
1
250
—
Apr
43
1,100
10
liivio
3% Mar
63/4
Feb
8,300
7%
•
Gray Iron Foundry
Dobeckmun Co
Feb
110
Jan
20,100
Mich Stove Co common
19
4%
Jan
3 ¥4
Steel Products
15% Jan
5,600
Feb
19 ¥4
Detroit
26% Apr
5%
3 ¥4
67% Apr
7 ¥2
Jan
32 ¥4
Detroit
Mar
400
750
29%
>50
Derby Oil & Ref Corp
Detroit Gasket ft Mfg
6% preferred
13
8%
8
100
18% Mar
—
18 ¥4
8
common
2,000
Canadian Marconi—
;
conv
debenture
3,000
13 ¥a
18'A
50c
11%
5%
Feb
D
24%
5%
14%
4%
37%
•
—
14%
5
Jan
5% Mar
100
2.50
common
23
5%
18 ¥4
•
(Mo)
H3*
«...
31
1,600
38
3
3 ¥a
8
common
23%
—50c
5%
Apr
45
Feb
300
14%
May
4% Jan
Mar
8%
31%
31%
18 ¥4
100
2 50
2%
62
•
10
dep rets ord reg
Divco Corp common
'
Jan
Feb
39 ¥4 May
Jan
31
16% Mar
2 ¥2
Mar
Apr
28
preferred
"»
—
33
1%
25o
Davenport Hosiery Mills
Dayton Rubber Mfg class A
8%
6%
Apr.
Jan
Feb
24%
31
Feb
14
10%
Feb
5%
31
11%
14
37%
65
Jan
31% Apr
27% Jan
23%
1
37%
"
31
6¥a
Jan
Jan
8,000
•
common
Jan
50
29 ¥4
Apr
47
26
20
•
—
convertible
56% Jan
28
4¥a
(Md)
39%
50
30
-
6%
Jan
25%
3,400
.—1
Crown
Jan
600
39
Apr
4,050
5%
1
-
Feb
Feb
50%
5%
5%
5
Brewing Co
Crosley Motors Inc
Crowley Milner & Co
55
3,500
Jan
9%
(ord reg)—£1
Croft
25%
2,800
12%
Courtaulds Ltd—
Cuban
55%
58
Feb
Jan
11 %
107% 107%
.60
preferred—..
29% Feb
6% Jan
34
60
5%
——
Feb
55%
112
87 ¥2 May
4%
900
—1
common
Jan
5%
Tungsten
non
39 %
%*
Jan
Jan
34
2,200
5%
107%
Petroleum
5%
34
— —
—1
Reynolds
$6 preferred A_
Cosden
23%
25%
Wireless—
Class B
800
29%
28
Jan
Jan
91
22
1,700
6,500
28%
24%
118 ¥2
71%
800
4%
13%
13%
60%
3,800
27%
Corp
Camden Fire InsuranceCanada Bread Co,, Ltd
•
36%
40%
4%
40
13%
Inc
preferred
Crystal Oil Refining common
$6 preferred
;
5%
American dep rets 5% pfd
Calamba Sugar Estate
California Electric Power—
A
35
4%
—1
Fdy & Machine Co
16%
24
"•
Voting trust certificates—
Class
3,650
35
Apr
Apr
9% Jan
3,300
87%
106
—
49
•
Ltd
10%
1
Apr
«
Industrial
10'/a
86
•
Jan
27%
Cable Electric Products
common—5oe
Canadian
10 %
86
-10
Oil
12
6%
♦
commonl!
Co common
Canada Cement Co
6'%% preferred
108
1
Corp
Dominion
Callite
70
109
Feb
Jan
C
&
116%
115
8
Stores
Steel
Dominion
Cables
82
130
108
30
24
-ri
Sullivan
Burma Corp Am
dep rets
Burrv Biscuit
Corp
Butler (P H) common
1,600
100
Royalty
Apr
1,200
100
Consolidated
Jan
47
19%
series B preferred
4%
5
44% Jan
16% Feb
88 ¥2
preferred series C
Consolidated Gas Utilities
4V»%
3% Mar
50
18%
88 ¥a
8,600
6
Feb
Apr
100
3%
47
87%
18%
*
800
27%
xoa
ft
3 ¥2
46
Co
2,025
£i
Mills Ltd
Hill
13%
80
40
4%
21%
3,900
«
Buckeye Pipe Line
junker
600
22% May
125
.Feb
24%
class a
Rubber Co common
L)
39%*Apr
7
40
'
prior preferred
Silk
Apr
.
A
<E
22
50%
«
"M
.
preferred
Brown Forman Distillers
'-'ice
23
27%
20%
il%
B ^4^yUn-iif'wiiW
Fence & Wire
Pruck
Feb
Jan
30%
27
»
'
*mer dep rets ord
reg
British Columbia Power
$5
12
13,900
39%
6%
145
'
.
dep rects ord bearer...—
Am dep . rets ord
reg—
I"
iritish Celanese Ltd—
Brown
21% Jan
14
•
A
Class
Feb
Jan
600
II
.1'.
Am
«rown
8%
Feb
-1
-
British American Oil
Co..
intish American Tobaceo—
CtttSS
19%
Jan
179% 180%
28
Lgb Si Pwr.
Mfg Co common
27%
__
common
Biscuit
Curtis Mfg Co
Bridgeport Gas Light Co
Bridgeport Oil Co
L'Uio
6%
-26
Corp common-.
"(•water Aeronautical
Jan
Feb
17
23
28%
28%
180
"•
—100
Breeze
17%
2%
5%
"1
Borne Scrymser Co.
Sourjois Inc.;——
v
250
13%
29
33%
•
,
Go common—
Brazilian Traction
26
1%
775
Jan
Apr
25 ¥a
1
12%
250
42
9
1%
900
Apr
%
Jan
Jan
12%
20%
101
32
37% Mar
3%
-50
10
Jan
97
2,400
37
22%
Feb
5
39%
Mar
Jan
4 ¥2
—
•
15
48
350
a
12
Jan
38% May
73,800*
Hi
Cook Paint & Varnish Co
Jan
12 ¥2
41
Jan
Jan
Jan
7%
300
100 ¥2
%
20
8%
43
40 ¥2
Jan
125
1
~i
comll*
Co
|| 7 % 1st preferred
100
—25
15%
5,200
Mar
Apr
26
2,000
700
10%
4%
3,000
31
17
9%
•
—II
(S) ft Co
(HO
Jan
28%
Continental
19%
•
Bliss iE W) common-,
Blue Ridge Corp common-
Blumenthal
Apr
6%
200
Feb
19%
common_TT_~2.50
_.—l.
Apr
17 ¥2
1,400
5'A
42%
20%
22
j
(A S) Shoe Corp;
Bellanca Aircraft common
common
2 5 ¥2
14%
Apr
100
Beck
Blauner's
Jan
3,250
17
41%
10%
?
Blckfords Inc common—
Birdsboro steel Fdy & Mach
7%
14 % Mar
13%
200
10%
10%
8
Refractories Inc
(L) common
T% 1st preferred
■
Mar
115
Coro
Hedges common
Convertible preferred-1
Berkey ft Gay Furniture
Apr
38
16%
16%
\
Beau: Brummcl Ties
Beaunit Mills Inc new
105
Apr
42%
__
Baumann
Benson
61% May
Feb
Jan
32%
41 V*
Mfg-
convertible A
Bell Tel of
39%
60
Copper
1
—
American shares
Barium Steel Corp
Barlow
11,700
25
34%
16 ¥2
13%
—•
Consolidated Retail
61%
95
28%
& Coke Secur common
Consolidated
53%
95
I
.
preferred
Consol
Baldwin Rubber Co common—
Banco de los Andes—
.
58
49
4%
Consolidated Mining & Smelt Ltd..
Babcpck ft Wilcox Co
Baldwin Locomotive—
Mar
4%
1946
8 ¥2 Mar
32
May
38
Compo Shoe Machinery—
13
—
17 %
275
100
24
x
900
49
32%
34
...•
Community Public Service
Community Water Seivice
1,800
"
Jan
18
20
Electric—
3,400
Apr
37% Feb
•
-
preference
4,300
28
Co
Commonwealth & Southern
10
—
Feb
Mar
17 ¥a
100
Arms
17%
22 ¥2
9
■
common
35 VB
Feb
Jan
6% Mar
47
17¥B
•
Development ordinary
9%
Feb
Apr
11
15 ¥4
17
Apr
26%
7%
Jan
May
20%
800
13%
25 ¥a
Feb
14%
146
950
Colonial' AfrlinesColorado Fuel & Iron
475
Feb
Apr'
155
•
12,400
Jan
27
14% Mar
400
18%
Jan
140
7%
33
_
18 ¥a
30
12%
27%
26
«
13% Feb
400
14 ¥2
146
Feb
140
2,100
155
28 ¥2
10
26 ¥2
14 ¥2
Jan
37 'A May
Feb
7¥a
16
28
151 ¥1
26%
21,000
37'A
Jan
150
230
175
4
180
12%
34%
I~~8
common
preferred
Ayrshire Collieries Corp
34 ¥a
Jan
Feb
Apr
17%
Apr
2%
27%
x
6%
170 ¥2
35'A
14%
12%
i
Avery (B F) & Sons
3
28
—•
Machine—
170 ¥2
„10
275
5,500
15%
205
Jan
—1
Colon
11 ¥t May
225
142
Feb
Feb
1,175
205
—1
Feb
May
8
3,400
84%
10%
2 ¥4
Jan
22
22 ¥4
Ho
115%
Jan
29
16% Mar
20% Mar
Co
Mar
10%
Jan
100
22
2%
143 ¥2
Apr
10%
3,500
15 ¥2
2%
14 ¥2
Jan
21
1,300
16%
600
151 %
Colt's Patent Fire
lino
Products
Voting
22%
gx
Associated Laundries of America
•
Associated Tel ft Tel class A
„•
Atlanta Birm ft Coast RR Co
pfd—100
Atlantic Coast Fisheries-.—
x
Automatic
112%
Feb
Apr
8% Apr
12% Apr
10% Mar
2,700
Arkansas Power ft Light $7
preferred-*
7%
10 Va
Lights Inc
Controller
Claude
Jan
17%
.100
-
common
City Auto Stamping
City £t Suburban Homes
Clark
Feb
6%
26%
1
preferred
preferred B
60c
49%
25 %
$6 preferred BB
i
Equipment Corp
$6
49%
Jan
7,100
4
„
Apr
Jan
25%
Mining
166 ¥2
Jan
37
36
7%
'
Feb
Jan
Apr
106
IVA
20%
52
Apr
140
¥2
7%
Chicago Rivet & Mach—
Chief
1,300
47
45
184
18
100
155
39 ¥2
41 ¥2
—
Jan
2,500
¥2
39 ¥2
22
Apr
6%
20
47%
'
3%
11 ¥4
Jan
40%
154
JChilds Co preferred
Cities Service
37
34,200
17 ¥2
11%
6%
14
preferred
Cherry-Burrell common
Chesebrough Mfg
Apr
825
13 ¥2
Corp common
65
13%
12%
42
Chamberlin Co of America
Jan
117 ¥2
2,700
common
Consolidated
24 ¥2
Feb
Jan
24%
-
Feb
Jan
10%
21 %
13 ¥2
pfd opt div ser
Conv pfd opt div ser 29
Cnaris
High
23%
Utihr.jea
preferred
Cessna Aircraft Co
Range Since January 1
Low
High
Shares
pfd
West
121
"5
Inc
Oil
South
Jan
l
Arkansas Natural Gas common—
Common class A
non-voting
Ashland
ft
Jan
10%
£i
———
6%
Central Pow & Lt 4%
Jan
'43
1,300
for Week
of Prices
117%
Products—
2%
33,000
6'A
2
common
dep rets ord reg
Angostura-Wupperman
Apex-L'lec Mig Co common—
Appalachian Elec Pwr 4'%% pfd
Aro
Steel
8%
300
2%
2%
23% May
10%
common-
Am
Argus
Ohio
Jan
Anglo-Iranian Oil Co Ltd—
h
Central
15%
17,100
10
9%
2%
60%
Products
Angerman Co Inc
Feb
Jan
41%
.loo
com
Writing Paper
Post
-10
_
common
American Thread 5%
47
Apr
Apr
119 '%
—
Superpower Corp
$6 preferred
series preferred
Anchor
4%
22
52
150
Jan
44 ¥2
42 ¥4
Amer
1st
19
14
Sales
Range
Last
LOW
300
43 ¥2
Class B
American
High
Week's
Friday
Exchange
Sale Price
19'%
—1
,—
American Potash & Chem class A_
*
Curb
Range Since January 1
Low
High
19
American
Laundry Mach
.>20
American Light Jb Trac common— .-25
preferred..25
STOCKS
New York
Shares
19
1
American Hard Rubber Co
MAY 3
for Week
of Prices
Par
ENDING
Sales
Range
Friday
36%
38
23 ¥a
23
25 Va
37,800
18%
743%
71
74 3/4
1,200
70 ¥4
Apr
77'% Mar
75
75
77%
1,000
73
Apr
78.3/4
750
11% Mar
25
Jan
Jan
14%
38
26 ¥4
Jan
May
Apr
Jan
f>Wg<«W
*
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■
.
■
■ .JCOMMERClM^
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:
;,,
Volume .163
THE
Number 4487
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24635
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YORK CURB EXCHANGE
RANGE FOR WEEK ENDING
Lest
New York Curb Exchange
Range
LOW
Par
Electric Power & Light 2d pfd A.
Option warrants-
F.lectrographic Corp
Co
5%
Equity Corp
$3
25
300
19%
Feb
27
Apr
Apr
Jan
30%
Apr
39%
Feb
53%
Apr
30
30%
1,000
28%
36%
3;600
24%
52
52%
125
15%
15%
100
4Va
26,200
3%
Jan
925
49%
Jan
1,400
14 %
Jan
22
Jan
34
50 % Mar
109
15%
Jan
112
13
—I
;
53%
53%
—1
preferred
18%
17%
54
,
18%
Pipe Line common
Mar
16
Apr
Apr
4% Jan
56
Zinc
Co.
Pairchlld Camera % Inst 00
Pdirchild Engine St Airplane
$2.50 conv pfd
1
Brewing
,,,
■
,-
Metallurgical
(M
H)
32%
dep rets ord
Ford
93
32%
dep rets regis.
Imperial Oil (Can) coupon.
22%
34
34
13% Mar
15y8
13%
14%
550
13% Jan
12% Jan
15% Jan
14% Jan
112%
450
112
Apr
116
190
90
Jan
107% Apr,
110
Apr
26% Apr
109
109
10
108
107% 109%
_•
Feb
Feb
International
26%
Jan
31% Mar
11% Jan
40%
13%
14%
11,200
Jan
25
61%
—
61%
61% May
20
1
shares
•
.——10
International
Feb
Feb
International Safety Razor B
70%
Feb
800
25
Apr
31%
Apr
7%
2,900
7
Mar
8%
Jan
24
26%
2,800
24
May
29%
27
225
26
May
35
Jan
58
Mar
600
112
Jan
33% Jan
—
25
73%
28% Jan
Apr
31% May
Products
Utilities
Corp
1,800
21
20%
6,300
19% Mar
20%
200
19% Jan
24%
14%
14%
15%
10%
15% Apr
7% Mar
6
6%
*
18
Interstate Power $7 preferred
—•
Investors Royalty
—1
Iron Fireman Mfg voting trust otf»
1•
Irving Air Chute
1
Italian Superpower k
*
International
26%
19%
*.
4,100
:
6%
43%
40%
40%
48
2%
2%
1,050
1,000
3,800
2%
26% May
24% Jan
:
Jan
4% Jan
6,000
44
47%
com
Feb
36%
//
Jan
Feb
44
May
30% Mar
48
May.
2%
3% Feb
Jan
Jan
26
Jan
26
20%
20%
shs—•
coupon
Apr
28 %
72
31% "31%
—•
24%
Petroleum
Registered
17%
7
7
92% Jan
94
100/
.
Jan
,
International Minerals and Chemicals—
29
27
__
II
reg
70%
70%
30
950
27%
Jan
30%
1
Industries A
Warrants
Feb
109%
27%
80
Investment Co
Metal
8%
Feb
Jan
500
Insurance Co of North America
21% Mar
1,650
36
13%
Apf
-
7%
300
Feb
115
Jan
14%
Apr
17%
500
23%
37
14%
112
Jan
78
High
Jan
14%
103% 105
Jan
150
25
14%
14%
105
Jan
22,500
550
7%
Registered
Imperial Tobacco of Canada
—I
Imperial Tobacco of Great Britain A
/Ireland
81
Indianapolis P & L 5%% preferred.100
5%
1,300
7
*
Low
34%
jn
Am
13%
15
.96
Range Since January £
High
112%
Co—
50 to SI Stores
Ford Motor Co Ltd—
Am
6%
6%
1
Co—2*
If
Federal Compress 6t Warehouse
Fire Association (Phila)
14%
95
•
Fedders-Quigan Corp
Fishman
Low
Shares
Imperial Chemical Industries-
International
15
1
•
V
Sales
for Week
of Prices
.-Ill:
Par
Illinois
International
Fansteel
Week's
Range
Last
Sale Price
Indiana Service 6% preferred-.—100
1% preferred-.———i,
100
Jan
F
Palstaff
■Friday
*
International Cigar Machine,
International Hydro Electric—
'Preferred $3.50 series
3%
4"
——__10«
common
Esquire Inc
Eureka
Apr
12% Jan
31%
—
—•
St Equipment
convertible
Jan
30%
SO
pfd—100
preferred
Derrick
165
6%
30
au
Empire District Electric 5%
Emsco
Feb
139
50
2,500
32%
com—15
new
common
.
,,,
Exchange
High
11
24
24
Low
*
165
9%
9%
—
Elgin National Watch Co
Elliott
165
165
High
STOCKS
New York Curb
Range Since January 1
Shares
of Prices
Sale Price
MAY 3
Sales
for Week
Week's
Friday
STOCKS
Jan
-
26
475
29%
30
10%
10%
11%.
1,200
2%
2%
3%
5,300
Jan
Feb
32
10% May
2% Apr *
13% Jan
3% Apr
Motor of Canada-
Class
A
non-voting
Class
B
voting
Ford
Motor
Amer
of
dep
24%
.*
—
France—
5%
bearer-
rets
~7%
Fort Pitt
Brewing Co—
Fox (Peter) Brewing
Franklin
$3
27%
Jan
33%
Jan
Apr
33%
1,250
25
9,400
19
Mar
25
May
45%
500
30
Jan
49
Jan
28%
30 %
550
28
Mar
34%
convertible
.Ill
preferred.
Mar
100%
115
Mar
131
5%
co
Jan
18%
Apr
400
14
Jan
18
Apr
10
97
Jan
99 %
Apr
9% Mar
14%
Jan
9%
Jan
18%
Feb
Jan
17%
Feb
Jan
10%
16%
17%
18
99%
99%
10%
11
500
6%
7
900
6%
Apr
17%
200
17%
Jan
13 %
13%
2,100
12%
10%
10%
200
9%
.10f
A
Mfg Co common.
Alloys Co.
General
10%
—
3,200
Electric Co Ltd—
Amer
dep rets ord reg
General Finance Corp common
5% preferred series A
17%
tl
13 %
—.1
—If.
,
9
Warrants
General Fireproofing common—
General
Outdoor Adv 6%
100
Plywood Corp
Public
General
Shareholdings Corp
$6
20
Service $8 preferred—*
convertible
18%
126
5%
5%
•
114
Georgia Power $6 preferred
$5 preferred
•
1,400
21%
360
(AC)
common—
Preferred
Gilchrist
•
Gladding McBean & Co
Jan
110
108
6%
Jan
4% Mar
2,100
34
28
28
Kimberly-Clark Corp—
4%% preferred
Kings Co Lighting 7% pfd B.
6% preferred D
King Seeley Corp
Kingston Products
Kiiby Petroleum..
—
23%
131
6%
Klein
Harvester
Alden
Gobel
.1.113
Corp
Coal
•
(Adolf) Inc
Godchaux Sugars
common
Kobacker Stores
Apr
Krueger
•
-
Jan
27
Jan
43%
Jan
53
Jan
55
Feb
19%
Jan
29%
Apr
Feb
30
Jan
Consolidated
Goodman
Mfg
Gorham
$3
Mines
Co
Inc class A
69
Feb
31%
Apr
44
Feb
Jan
105
Jan
2
Mar
4
Jan
3%
18%
20%
Northern
Jan
10% Mar
1,600
50 % Mar
22%
32
1
Apr
Jan
17%
Feb
23%
Jan
21%
Jan
37%
Feb
11
Tea—
stock
..
•
100
134
132
134
142
__
142%
23%
19%
1,200
•
common—2Be
23%
22%
Products
Gulf State Utilities $4.40 pfd
Gypsum Lime St Alabastine
100
•
18
18%
200
113% 114
114
15%
—
Apr
45
Jan
Jan
23% May
Jan
109% Mar
134
150
15%
Apr
145
13%
14,200
41%
135
17%
1,150
41%
Mar
38% Mar
20
42%
21
Paper
113
Apr
12% Mar
100
19%
116
15%
Lamp
Bridge Co Ltd
Hammermill Paper.
Hartford Electric Light
Hartford Rayon voting trust ctf»
Harvard Brewing Co
14%
15%
900
9%
10
9%
9%
2,500
46
l
of America B non-vot com—1
2,100
4%
1,000
10%
11%
23
20
21
Apr
Jan
Apr
43
43
43%
__3
common
preferred w w
16
Henry Holt & Co common.
—1
18
18
Heyden Chemical common.
87
80
90
Hoe
—10
69
69
69%
14%
14%
14%
2,400
(R)
& Co class A
Hollinger Consolidated G M_.
•
1,100
400
48% May
Feb
7%
Apr
18%
19
400
33%
33%
150
31
Jan P
Apr'
34% Mar
16
16
50
10%
Jan
17%
5
18%
18%
19
500
1
11%
10
11%
2,500
9%
39
39%
40
37%
Jan
3%
13,300.
2%
Feb
18%
B
Lanston
Monotype Machine
Lefcourt Realty common.
Convertible preferred—
Prior preferred
Leonard Oil Development
Le Tourneau (It G) Ino
Line
3
42%
x42 %
43%
7,300
42
21%
23%
1,800
28
29%
900
.10
—
—
14% Mar
17%
.
Feb
Apr
48
Apr
16%
Apr
Feb
26%
90
Jan
May
40
Jan
65
Feb
80
Jan
Jan
17%
Feb
137/s
Jan
31
Feb
23
May
44
42%
44
120
40%
Apr
44%
41%
.42
150
37%
Feb
112% 113
30
112%
Apr
1,500
32%
Feb
Stores
Baking Co—
Corp
140
Hubbell
Oil &
39
38%
(Harvey) -Inc
Humble
1
1st
40%
32%
68%
72
19
Fibre
33
68%
Refining
Corp..
Hussmann Ligonier Co..
$2.25 preferred.
Com stk purch warrants.
Huyler's common
Hummel-Ross
17%
19%
16,100
31%
32%
1,200
48% x49%
75
--
48%
17%
17%
10
9%
preferred
51
Hydro
Electric Securities
flygrade Food Products
7%
6%
33
8
27%
27%
18 %
18%
203/4
.10
19%
18%
19%
2%
—
preferred A ctfs of dep—
preferred B ctfs of dep——
Louisiana Land St Exploration
1
Louisiana Power St Light 86 pfd.—.—*
Lynch Corp new common
2
Rights w i
.33
18
300
,
7,700
375
Feb
152
43%
Jan
Mar
Jan
115% Mar
42
Apr
27% Mar
33%
Jan
48%
72%
Apr
10
Jan
Mar
23% Mar
45%
15
Jan
Mar
19% May
33%
Apr
50% Mar
104%
conv
Dividend
For
.00
preferred
arrear
footnotes
see
page
2470.
26
12%
1%
*
Jan
3% Feb
125
96%
Feb
117
275
92%
Feb
108
12,400
10%
Jan
10
13%
P/4
Apr
19% Jan
22
Jan
2%
22,700
«
115% 115%
23% 263/8
1%
Mar
t 18% May
7,300
106
111%
Jan
1,300
•
21% Mar
3,800
,
Apr
Apr
13% Apr
117
Apr
26% Apr
1% May
L% May
Communication
Co Ltd
81
——*
e—.....1
Harris common
Massey
...
Warrants
14%
Apr
Apr
57%
Apr
3
70%
70%
21%
5,200
5
Jan
7%
Apr
Mid-West
"74
21%
1,700
66% Mar
5,200
18% Jan
2,000
18
Apr
6% Mar
10% Jan
4% Jan
-
r
2,900
1,000
2% May '
13%
•
18% Apr
94% Jan
Jan
94% Jan
17
—
—
17
17%
46
46
"
1,100
325
15% Feb
47
♦
22% Jail
42
Jan
20%
1,300;
1,800
25
.
Apr
8%
8%
8%
1,900
7%
7%
8%
9,500
30
29%
30%
18%
18%
19%
9%
9%
9%
<
*7%
~7%
8%
,
34%
Apr
Oil
Piping
10
Co—
St
39%
81.
Apr
,33
Apr
Apr
300
—
9,300
200
■
Feb
v
8%
,
,
10
7
10
~7
9%
1,100.. ,sr1<U May
Feb i.: ^
17%
150
14
5%
4%,» 3,000
3% Apr
13%
11%
800
,10% Apr
24%
Feb
—^19 ;
19 V4
1,500-ro.'ui6% .FebM^' 20%
6,900— w..3% Jan»?"» - S 4%
30 ;;
29%«„.8,2Q0. ^.20% Jan-'-
15
"4%
4
10%
22 %
19%
4%
28
18%
4
27%
7%
•
15
•
14%
-.1
~5
17
43%
100
31%
7
14
14%
"4%
"5%
■
.
31
250
36 V*
5%
conv
preferred
Mining Corp of Canada
Minnesota P St L 5% pfd
—50
•
—100
6%
Apr
3,000
Mar
:
,
Jan i
Jan
.
Mar
Feb
Jan
Jan
Jan
4,300
4,100
17%
400
"8% *8%
3,000
107% 107%
25
Apr
Apr;.
Apr
Apr#
Jan
Jan
47
9%
Feb
Jan
"
11
14% May
.Feb
Jan
.
24%
Jan
17
36 y2
,
May
Jan
8%
39%
6
4% Mar
73
"8%
Mar
35
Jan
1,200
34%, 36%
17
Jan
16
Mar ,vv.„
41
6%
Apr
Jan
.
31%
6%
Jan
Apr.
,
15%
Wohl Co common—.———1
common
—1
—
Apr
8%
7% May
31
21% Feb
26%
18% May
12%
8% Jan
111%
109% Jan
11%
6% Jan
V
9% sJai&g^i$ 12 Yi
62
58
Jan\'
—
——
Mar
10
Mar
33
Supply
Refineries
2,400
100
—1
common
—•
Abrasive—r—........50
Midwest
6,700
■
24
37%
Jan
16%
35
Mid* ale Co
7%
Feb
51
19%
—
19
31
May
Jan
34
—-25o
Participating preferred—*—.—-18
Michigan Bumper Corp™
—.—-1
Michigan Steel Tube
2.50
Michigan Sugar Co—
——-*
Preferred—
10
Micromatic Hone Corp—
——1
Middle States Petroleum class A v t c.l
Class B v t c
1
Middle West Corp common—
8
Midland Oil Corp $2 conv preferred—*
Midland Steel Products—
*
$2 non-cum dividend share?
—*
11%
1,500
15%
2%
17%
Metal Textile Corp
Jan
36%
14
2%
17%
New
33%
26
20%
—
A preferred—,
6%%
Messabi Iron Co—..——
Jan
Jan
Jan
49
Jan
34
8
Menasco
Mfg Co_.
1
Mercantile Stores common—-.
——•
Merritt Chapman St Scott-———*
43
22%
8%
Feb
1
Memphis Natural Gas common...
175
33%
,
•
McWilliams Dredging
Mead Johnson & Co
4,600
700
1,800
Mar
6% Feb
12% Jan
200
6%
49
Marconi Internat Marine
10%
8
45
6
40% Jan
49
36
26
6%
Mangel Stores common
(The B) Co.
Mapes Consolidated Mfg Co——*
Miller
21%
ctfs.
Feb
15%
/
Apr
Mar
20% Apr
30% Apr
Feb
30
Feb
Feb
25
750
4,400
23/4
1153/4
104
12%
23%
•
Manischewitz
Mid-West
6%
2%
114
1%
53%
1
33%
12
4,600
28
..1
6%
31
25% Mar
Logansport Distilling Co
Midwest
Illinois Power Co common.
19%
Feb
32
Jan
18
111
Jan
Howard
18%
Apr
26% Jan
Mar
20
26%
18%
Jan
3%
50
Jan
29% Mar
28%
Lone Star Gas Corp common-
Long Island Lighting CoCommon ctfs of dep
82% Feb
41
:
20% Mar
..8
Apr
21% Jan
11% May
Jan
73
*3%
.1
Lionel Corp
<
Jan
J2B
Material Co
21
Mar<j
18
—•
Feb
Apr
19% Feb
22%
II
Feb
Feb
14
15% Feb
it
16
Langendorf United Bakeries class A..*
23%
20%
—100
Jan
•
Lane Wells Co common
Feb
25
preferred
23%
Jan
35%
Jan
17 % Feb
—•
McColl-Frontenac Oil Co 6% pfd—100
McCord Corp common
—
•
82.50 preferred
*
350
& Hardart
Apr
8%
600
<800
Feb
28%
& Hardart common
18%
12
8,700
6,100
26%
23
5%
Apr
18% May
16% Feb
18%
14%
3,700
Mass Utilities Association v t
28
Horn
12% Mar
16%
13
Marion Steam Shovel
23
Horn
34%, Apr
Feb,
11
Jan
28
& Co common
Jan
29
19%
Jan
23
(Geo A)
Jan
23
12%
7%
Horder's
Hormel
Apr
29
500
400
10
14%
Holophane Co common
Inc.
43
<
Feb
400
18%
Apr
Apr
107%
300
.2.81
Feb
72%
15% Mar
50
17%
—
2%
Apr
;
12%
15%
1,400
110
Feb
Mar
37% Mar
100
16%
16
110
.100
1%
Apr
Apr
Feb
11% Feb
#
10%
15%
275
16%
17%
16%
Co
-9Va
Lakey Foundry & Machine
Lamson Corp of Delaware
20% Mar
2,700
16%
Jan
17%
11%
5% Mar
6,000
JtBC
Mar
35% Mar
500
20%
Class A
f5%%
5
11-
11
I
Rubinstein
Heller
3,100
22%
Mining Co
Helena
3,350
"7
4%
Corp—.
Hecla
48%
~6%
4%
Hat Corp
Dept Stores common.
8%
39
6%
Hazeltine
He&rn
14
67
1
27%
-7% Jan
8% Jan
M
15%
Hamilton
18% Mar
*000
.7,700
1,300
11,700
L
Manatl Sugar optional warrants
Co_—
82%
13%
17%
H
flail
94
Jan
18%
Locke Steel Chain
13%
2,000
500
•
Jan
76
Lake Shore Mines Ltd
Mar
Feb
1,300
12%
—
32%
—
Jan
22%
—
1
Jan
30%
26
86
—
33%
71
21
Apr
Apr
-
80
88%
-»
43
47%
29
114%
„
—
—
31
Apr
52
114% Jan
—
88
—
32
Apr
Jan
Jan
Jan
41%
57%
51
15%
29%
2
31%
21
—
Apr
Apr
11
—
_
Feb
9%
22 %
111
common.
9%
Jan
575
1,200
10%
750
29%
.
——
1
Co
6%
450
7%
12%
24%
1%
2,100
1
Greenfield Tap & Die
Stores
new
7%
10%
22%
10%
,
Brewing
7%
12
1
.
64%
12 %
Apr
May
■mwwmwwmI
..
33%
12%
28
8%
63%
i
26%
Feb
27%
32
,
Jan
19
7%
::
"
Apr
18%
800
25%
32
Stores
Non-voting common
7%
1st preferred,
209,300
•
Pacific
to
Feb
Jan
30
»
Atlantic
8%
65
48%
18%
123%
400
28
7%
pfd—28
Mfg Co
Grocery
•
Jan
100
200
2
1
—10
conv
Grand Rapids Varnish
Grayson-Robinsori
6%
Feb
Jan
31%
2 %
Jan
26
27%
....1
Llpton (Thos Ji Inc 6% preferred—28
Lit Brothers common
——•
Loblaw Groceterias Class A—..—.—*
Class B
——•
—
preferred—
Mfg common
Great
2,900
25%
24%
65 %
10
—
Graham-Paige Motors $5
Great
7%
Jan
Mar
103
1
Gorham
Gray
19
IIII*
prior preferred
Goldfield
21%
4,600
65
31%
$4.50
1,500
21%
6%
6%
65
121%
Feb
111
24%
Apr
25%
27%
Jan
Jan
21
Jan
31%
Apr
.109
115
23 %
s
21 Vis
1
...
class A
23 3
100
+
Co somraon_
—10
(I B) Rubber Co..
Apr
Feb
100
112%
Jan
109% Mar
■
100
100
(D Emil)
Class
Gleaner
•
Knott Corp common
Jan
•
Glen
40
110%
x26
0
Kleinert
111%
,
—
110
.
Co.
Apr
104
50
34
St
Jan
180
113% 114
--
111% Mar
•
Lamp A
Key Co common
Kldde (Walter)
31%
109
225
108%
•
Co
Feb
11%
2,700
130
Jan
Mar
104%
10
*
Gilbert
9
24
100
9
30%
107
27
108
I
Inc
Klrkland Lake G M Co Ltd
110
•
108
Feb
_
Apr
12 % Feb
*
1
com
preferred
107
107
l
pfd
General
General
29%
29 %
—•
Jan
109%
58
K
•
Co
Ken-Rad Tube St
10%
16%
17%
common.
58
106
150
48%
Kansas Gas St Eleo 1% preferred.—100
16%
preferred
Gellman
Gen
rower
Jan
175
110^>110
52
Jan
120
G
uatiueau
17
107 % 107%
110
—
Kennedy's
Corp common.
Apr
Jan
2,100
107%
Julian & Kokenge Co——*
Kawneer
Garrett
•
Feb
250
120
—
Jeannette Glass Co...
Jersey Central Pwr St Lt 5%% pfd—100
6% preferred
100
7% preferred
100
Feb
87
28%
stock
conv
9%
7% Mar
300
23
30%
24%
common-
(Geo A) Co
*%
~7%
44%
31%
Stores
Froedtert Grain & Malt
Fuller
~7%
7% Mar
Apr
;
:
Apr
11%
Jan
105% Mar ;
Apr
17l% May
106
-
Feb
Jan
•
Jan
107 %
Feb
..
Monday, May 6, .1945
THE COMMERCIAL & FINANCIAL CHRONICLE
a«s
NEW YORK CURB EXCHANGE
RANGE
Friday
Curb Exchange
Range
Low
Loan Society A
Monroe
34
llh
16
15%
17 7B
9%
1072
12,600
4%
4%
900
13
1372
600
205
20572
4%
13
Montgomery Ward A
Montreal Light Heat & Power
Moody
Investors
Morris
Plan Corp
45
Apr
50
Jan
Feb
10%
Jan
37b Apr
8% Mar
28
50
20
15
2874
1574
Apr
14
160%
Apr
Providence
3174
Apr
203/4 Mar
Mar
17
433/4
—50o
4374
42
5,500
17%
31% May
2
77'/a
767a
86%
1,500
75
Apr
87
j
j
77a
Apr
Jan
14
108%
Jan
113
Apr
—5
177b
1874
300
177b May
24%
Feb
2072
22
300
187b
22
Apr
19
Jan
163/a
400
12%
1072
117b
975
10
10274 1043/a
1,850
33%
50
277a Mar
12972 130%
11
102%
160
1267a Mar
413/4
1,055
143/s
450
3372
129%
40
137b
14 %
36
Jan
106 %
Apr
35
Apr
133%
Jan
49%
Feb
Mar
137a May
14% May
32
Mar
Jan
7672
79%
3,600
Jan
81%
10
10
107a
4,400
77a
Jan
11% Mar
72
60
60
50
543/4
Feb
14%
15
800
93%
Jan
15%
55
5372
57
500
53
Mar
29
30 3/8
200
28
Jan
177a
__
—-
—10
10
Feb
60
14%
•
Merchandise—
12%
Feb
78%
•
Y
Mar
8474
28
—1
Y City Omnibus warrants
Y St Honduras Rosar'o
Apr
Jan
157b
15%
N Y Water Service
108
13%
1
Niagara Hudson Power common
5% 1st preferred
5it 2d preferred,.—
Class B optional warrants
600
10
85
180
8472
84%
100
pfd
6%
21
108
2074
1
127b
137b
119%
Feb
1147a 1163/4
'
19
Mar
64%
Jan
x35
Jan
26
Feb
111
Jan
95
Jan
14
Apr
Jan
1,600
105 72
210
Feb
103
Feb
108
167%
Jan
ISO
Apr
16
30
180
•
11 7b
107B
Jan
19
Mar
21
3
6%
Jan
13
Apr
875
23
3
69,400
127a
21
19%
Feb
24
Jan
4% Feb
2% Mar
600
3 7b
32
4274
Feb
30%
Feb
36
Feb
43
Jan
58
19%
Feb
Apr
Jan
43%
55
525
33%
4274
34
1,200
32
5774
30
217B
243/4
21,500
32%
34
500
29% Mar
267a
277b
475
25'%
Jan
34% Jan
34
Feb
49
57%
235/b
28% Jan
'
267a
413/4
42 3/4
1,200
42%
37%
Jan
Jan
4%
Jan
7,600
3% Mar
10%
6,100
8
3
374
8,900
2%
Jan
4% Jan
109
1097s
20
105%
Jan
110% Mar
1874
700
15
Apr
37a
4
3%
9%
974
3
1574
17%
—•
Roeser St Pendleton Inc
13% Feb
Jan
\
20%
Jan
30
Apr
Apr
Rolls Royce Ltd—
Am dep rets
for ord reg__
—
28
2872
1,000
22
Jan
45
46
Works
Art Metal
Ronson
47 7.
2,100
22
Jan
Feb
Ryan Aeronautical Co
Ryan Consolidated Petroleum—....
Ryerson ft Haynes common
—
13
Feb
19%
197b
20%
3,900
17% Mar
26%
Feb
17
17
17%
200
17
20%
1,600
5%
11%
Apr
Feb
1,400
8%
363/4
43%
7,600
397a
397a
40
77e
7%
8
574
—2%
6
7
73/a
57b
574
19%
,
Jan
43% May
19% Jan
300
19%
Feb
41%
2,100
7%
Apr
10%
1,800
5%
Apr
8
Jan
1,400
6
Jan
9%
Feb
30
Apr
Apr
33/4
Feb
Feb
1,600
1174
42
1
10
Russeks Fifth Ave
6%
10
5%
Co
48
5% Mar
10
Roosevelt Field Inc
Apr
103/4 Mar
Feb
3%
Rayon class A—*
•
preferred
—50
North American Utility Securities
•
J
Electric
-
277b
10%
Class B
6%
15,300
Airlines
North Penh
——
25%
35
Apr
77a
Jan
59
100
493/b
Jan
59
May
60
700
497a
Feb
60
May
__
__
50 3/4
Apr
54
Feb
63/4
Jan
12%
8
134
Feb
164
'
9 72
16%
10
16 3/4
173/i
-
—
—
Northern Indiana Pub Serv 6% pfd—100
108
108
Northern Natural Gas
20
Powef class A..
25
Northrop Aircraft Inc
i.
1
Novadei-Ageas Corp..—
——•
57
56
577b
66
64 %
69
14%
133/4
14 7b
...——
Northern 8tates
109
39
39
—
50
3974
...60
8
11%
Apr
21%
Jan
107
Apr
Savoy Oil Co——
111
May
Feb
Apr
4572
Jan
58 %
Apr
45
Jan
70%
Apr
107b
Feb
15%
Apr
40
Apr
300
34
Feb
f!
Schiff Co new
| OgdMv Corp common—
6%
39%
750
34%
115%
50
114%
Old
Poindexter
co
public
1st
common.
24
-25
....
38%
Jan
Jan
Jan
24
18%
200
Jan
26
Apr
15%
3,000
11%
Apr
2,600
42
Jan
38%
39
300
38%
107
90
105%
Jan
113
115
30
113
•
1
15
Feb
20
Jan
Feb
52
Apr
24%
24
25
v
1,000
24
Mar-
34
Jan
Jan
76
"Apr
61 %
54
8
54
275/8
,,,,
27%
50
8
100
13% Mar
Jan
Jan
54
Apr
Apr
48%
27%
29
Feb
8
73% Mar
497b
•
6%
114
Ltd
Piper Aircraft Corp com.—.
—j-.'-; >■;:
Pitney-Bowes Inc.
Pitts Bess
*»fttshureh
81
fr
L
If
Let*
KR
For
footnotes
v;
see
new
■
com_;
5;
Jan
South Coast Corp common
115%
Apr
South
54%
Penn
Oil.
Jan
11%
Apr
Southwest Pa
75
Apr
Southern
Jan
86%
63%
Jan
49%
Apr
46%
Apr
50
Jan
v4T
47
7%
200
35% Feb
Jan
100
Jan
10474 May
11172 May
1,800
22
May
22
24
,
2174
23%
19
5,200
1,500
28%
950
28
29
25%
100
5%
-
20%
28
5%
5,100
16% Mar
1,000
10%
11%
13 C
73
V910
74%
XSVA1 14
.
-
650
May
32%
Apr
Mar
30%
Jan
Feb
~6%
Mar
15%
Feb
7% Jail
12% Mar
*44
Mar
72% Mar
13
Jan
29
Feb
*5%
•
.
Jan
23
f - 1,200
■
Apr
20%
Jan
15%
6,000
X12%
23%
14%
28
\
Apr
14% Jan
'
47
3 ;V
29
Jan
15
14%
15%
600
14
Apr
16%
8%
4,500
8% May
3% Mar
23%
24
2,600
16
16
16
100
16
450
130
Jan
110
Apr
158 %
158% 164%
19%
25%
Feb
574
May
Jan
Jan
10% Jan
247a Mar
Jan
16
May
169%
Apr
113% Apr
Jan
3074
Apr
42
Apr
38
21%
23
49%
49%
9%
10,000
8%
8%
110
Feb
237a
Jan
47% Mar
6% Jan
50
Mar
19
2,600
21%
49%
4972
Apr
333
81
100
10
Feb
374
Mar
7
330
315
Jan
Mar
106
331
•
1
1
11%
7% Mar
8%
23%
Feb
24
23 7b
24
3,400
17%
11%
11
12
4,100
11
5
7%
Jan
108
May
6,200
Jan
Pipe Line.
California Edison—
5%
57B
5%
1
—1
28
12%
12%
127b
77b
500
69%
69
70 7b
1,300
38
38
487e
487»
3174
31%
300
77a
Feb
26%
Apr
157a
Jan
.10
Jan
original preferred
preferred B
—
—28
preferred series C
——28
Southern New England Telephone—100
Southern Phosphate Co
—10
Southern Pipe Line——
—10
Southland Royalty Co
8
6%
"Jan
Spencer Shoe Corp—
Stahl-Meyer
Inc
Standard Brewing Co
31%
Convertible
preferred
78% Feb
Standard Dredging Corp common
$1.60 convertible preferred
15%
Standard
Feb
Oil
(Ky)
Mar
V/a Feb
14 V*
Jan
1074 Jan
55% Mar
707a
Apr
30
31%
Jan
43
Mar
50
44
Jan
51
30%
Feb
32% Feb
Apr
29% Mar
317a Jan
20
150
Jan
1272
12%
100
11
Feb
14%
Jan
107a
1072
100
9% Mar
13%
Feb
16 7B
177b
3,900
10%
1174
2,100
9%
Feb
12
ll3/4
11%
200
7%
Jan
16
2%
27a
600
2% Mar
38%
3874
417a
3,400
34%
Feb
39
39
41
900
35%
Feb
16074 162
17%
11
—
Standard Cap & Seal common.
Mar
7
,
,
.128
6%
12
700
5%%
12%
—
Boss Manufacturing common
9
Jan
1,350
50
50
page 2470.
.3
Jan
Apr
2,200
11%
■
^_
Erie.—
Pittsburgh Metallurgical
5%
Mar
6
3,100
25%
1
—
Mar
98
50
1
49
250
10%
common.
aitries
Co
113%
1,600
637B
Johnson Ltd An* flh«_..•.
Goto
25
900
Jan
75%
__
Pinchin
1,050
127a Jan
25
100
Corp
75
28
Co
29%
102 % 104%
8%
Manufacturing Co
Sonotcne
10
22%
Pioneer
50
7
Aircraft
Solar
9
,60
*
757a
—
Packing
497a
115
Solar
Jan
Jan
84
Mar
7%
Jan
Jan
83
21%
Jan
15
Governor
3%
10
Jan
200
Pierce
28%
25% Mar
400
14
660
Fnlllips
6,100
11%
May
39%
pfd.
Apr
Feb
200
5%
11%
8
12,000
Power 5%
Feb
29%
29%
5%
11%
Jan
8%
Phlla Electric
22
-1
28%
10%
Pharis Tire St Rubber
4 Philadelphia Co common
7
Feb
1,300
Jan
800
—
Apr
15
1,500
9
37,100
10
5
3,000
3%
•
•
13 7a
60%
8,600
9Vb
1
convertible preferred
Simplicity Pattern common
Singer Manufacturing Co
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
Sioux City Gas & Elec Co—
3.90% preferred
Smith (Howard) Paper Mills
Jan
5%
21%
•
45,900
May
3%
—•
Co common
Simmons-Boardman Publications—
Jan
Jan
26
Feb
8%
Sherwin-Williams of Canada
51%
•
21%
9%
3%
Silex
12 7e
common.'^,—20
300
26
Mar
115
21
•
8%
Bick's Breweries Ltd
1774
new
6% Mar
—1
Apr
«
Power Co
1,100
-1
Apr
Jan
75%
ft
7%
5%
-1
28
15%
Mfg Co
110% Mar
17% Feb
20%
29
102
14%
75
Water
38% Mar
1,300
111% 111%
8
117%
17
Pepperell
1,400
19%
25%
~5%
28
8
11472
45
6%
5%
Mining
common
Apr
9% Feb
46% Jan
Jan
29
1
Jan
1
...
6%
8,900
8%
18
21
Jan
75
P*nn
1
May
—.
com
33
43
26
26%
50
Light 4%% pfd_... 100
'/Penn Tramc ta.
•/,./.
' r-s-Tq ^
500
42
8
8
6%
11%
12 7b
&
41%
mil
100
50%
1
Flee class A
42%
200
Pennsylvania Edison Co $5 series pfd.*
$2.80 series preferred
...:
—*
Power
Jan
Mar
14
Penn-Dlxie Cement warrants—.—.
c-as ft
Jan
4%
28
1
fonnroed Ccro common
Penn
Apr
10%
3% Mar
27
...
• ;
10%
7% May
1,200
14
Telephone common.—*
®«**m
Mar
7% Mar
1,000
3%
28
28
1%
Reel...
a.....:
Denn
Sherwin-Williams
4% preferred
Feb
108
4,900
8'/b
3%
18%
Shawinigrm Water St Power
Sheller Mfg Co
41%
Jan
106
9%
7%
jt
Rubber new common
Belby Shoe Co
Selected Industries Inc common—
Convertible stock
85.50 prior stock
Allotment certificates.
Bemler (R B) Inc
Sentinel Radio Corp common
Bentry Saiety Control
Serrick Corp class B
Seton Leather common
15% May
44% Mar
5
<*
81.40 preferred
15%
16%
22
44%
•
Am shs.
Corp..
Patciidgue Plymouth Mills.
Peninsular
Apr
Jan
Mar
12%
iloo
new.
Kig
Feb
53%
11% Mar
X43 %
106
III*
Pantepec Oil of Venezuela
Jan
112
Jan
Apr
12% Mar
8%
—28
Seiberling
Shattuck
15%
44
Page-Her6ey Tubes new common..
Pan American Airways warrants—
KMii-atreburg
2,300
118%
Apr
Jan
12 y«
—25
Service.———.
Parser Pen Co
13
Apr
118
Mar
42
14
_
preferred
iParamount' Motor*
110%
200
12%
1
—
Pacific Lighting $5 preferred......
Pacific Power & Light 1% pfd
$1.30
116
52
II
...
Pacific Gas & Elec 6% 1st pfd
57a %
1st preferred..
Pacific
20
80
49
e
—
Can
117
110% 110%
1
Distillery
Overseas Securities.—
Pacific
110%
Feb
40%
Feb
....18
Filters JfcJ.
United
Oliver
Omar Inc
6
Jan
115
117
.—100
—
common.
Jan
115
preferred..,— ...100
1st pfd. ...ICO
1st preferred—
3%
37
Ohio Public Service 7%
Oklahoma Narura*
6,000
37
Ohio Brass Co class B common.
Ohio Power 4%%
4%
337b
Feb
3%
0
Securities Corp General.
9% Mar
Feb
Feb
7%
mil
—
9%
8%
«
Segal Lock & Hardware
4%
15,700
1
Seeman Bros Inc
4%
31
11%
1
Steel Co common
Scull in
29%
10%
8
—
A)
26
1,600
29%
11
common
Inc
ttcovIU Manufacturing
Scranton Elec $6 pfd
ID
Schulte
7%
4,700
8%
7%
7%
Ltd.
pre!.—
Jan
1,825
1,100
,
Class A $2 conv
Regis Paper common
Bait Dome Oil Co
Samson United Corp common—
4,600
'
St Lawrence Corp
St
108
3,000
Feb
Apr
16 3/4 May
104
Jan
600
7
.
Jan
5772
550
1
12% Mar
59
-50
RR Co
Jan
60
5
1
Texas Oil
Central
Mar
59
common
Northeast
3%
160
prior
Northern
Jan
3%
8,000
11%
267b
178
155
North American
.
Feb
18
167a
R
Rotary Electric Steel Co
Royalite OH Co Lta
1,600
,
U
Apr
23
Jan
180
Radlo-Kelth-Orphenm option warrant!.
Railway St Light Securities
Voting common
10
Railway St Utility Investment A
1
Rath Packing Co. common
10
Raymond Concrete Pile common
•
83 convertible preferred
•
Raytheon Manufacturing common—50c
Reed Roller Bit Co
•
Reliance Electric St Engineering
8
Rice Stix Dry Goods
•
Richfield Oil Corp. warrants
—
Richmond Radiator
1
120
11072 Mar
..,.
.
27
Mar
15%
—
Feb
3,100
10%
8
Jan
18
105
.100
123%
Jan
272
26%
•
23
25
Apr
Jan
Q
Root Petroleum
8 7a
12%
—————1
It
20O
19
114
110%
Feb
Mar
Jail
274
;
:
2474
157b
10574
Quaker Oats common.
6%
preferred
Quebec Power Co.—
Feb
12%
North Amer Light St Power common..!
86 preferred
—
—*
if,
108% Jan
237a
100
•2%
Noma
r
10% Jan
Jan
108
1672
.11
Rochester Gas & Elcc 4% pfd F
12%
'
I
Apr
19
Apr
Niagara Share Corp class B com—.5
Niles-Bement-Pond
—•
Nineteen Hundred Corp B—
1
Nipissing Mines
8
it
1
9
106%
111%
1
Mar
117
260
Apr
75
237a
Rio Grande Valley Gas Co v t c
8374 Mar
1,200
Jan
Feb
3
18%
10
Rome Cable Corp common—
18 %
108
57,000
119% 121
115%
100
—100
400
Apr
1077a 1077a
—
.100
Puget Sound Power & Light—
85 prior preferred
Puget Sound Pulp & Timber.
Pyle-National Co common.
Pyrens Manufacturing
Mar
Shipbuilding Corp—
Gas $5.10 pfd.100
20%
Apr
Feb
3%
1107a 11072
.100
6% 1st preferred..
7% 1st preferred
Feb
10
111
9
Jan
Apr
60
13% Mar
900
9
9
Gas
*-* QO
17%
17%
94
2
12,600
Jan
15
1,500
274
2
Apr
Feb
37a
common
p# Pounders shares
I n Y State Electric St
*
.4%
1,400
7,800
111
16 7.
1572
2
1
*
Jan
2
200
17,100
ie
Jan
33/4
.100
2
Apr
15VB
10 3/8
*
N
r
26%
97e
25
N
1
23% Mar
Jan
33/b
———7
& Watch Co„
*
N
i
Feb
22 74
3%
Co..
Y Auction Co
N T
14%
12 3/4 Mar
_•
N
1
4,200
10%
New Mexico St Arizona Land
New Process Co common
i
2,000
1
New Idea J 11c common
i
200
143/4
Apr
—30*
New Jersey ?inc
j
23 74
253/4
147B
"""<
Nestle Le Mur Co mass A
——.
II*
j
New England Power Associates
100
."*"6% preferred
$2 preferred
100
i New England Tel & Tel
Clock
2072
25
21
.—
\
Haven
•
1
America
1
lei
Jan
Jan
Feb
*
9
z
IB
44
82
2
1
593/i
59
5934
—*
Apr
143%
common
Clock
——100
Apr
18
Nebraska Power 7% preferred
Nelson
(Herman) Corp
New
44%
42
1,200
Radio—
Haven
Apr
Jan
7,000
National Tunnel & Mines common
New
40
2T/4
153/b
12*50
Jan
Apr
313/4
Macuutcry
Car Ltd
Meter
9%
15
National Transit
Union
Apr
277a
15»/e
—
Kuooer
National Steel
100
33
31%
•
National Mfg & Stores
National Pressure Cooker
<
Jan
39%
8
Jan
Apr
14% Feb,
12% Mar
Public Service of Colorado—
Jan
common—. "III
Fuel Gas
Neptune
5%
41'/4
•
National
18,300
83/e
25%
25
preferred
National City Lines common
7%
National
Jan
77a
National Breweries common
National
23 %
Vk
1
Hess common
Bellas
National
700
31%
Corp
10%
17% Mar
Prosperity Co class B
Feb
200
of
Pressed
N
Nachman
7% Mar
1,200
Producers Corp of Nevada
327a
Jan
18
Metals
Feb
Jan
—
33
2,800
Gold Mining
Prentice-Hall Inc common
57b
257« Mar
1,300
30 3/4
"9
2474
com
107a
Jan
14472
500
3074
187b
~8VA
23%
Premier
4,300
150
20% Mar
**872
237e
Pratt St Lambert Co
8
1st
6%
8% Mar
10
25c
Feb
4,500
160
157
-z™
Apr
Apr
23%
4%
28
of Canada
preferred
14%
2057a
Apr
High
Jan
com—2.50
new
Power Corp
Jan
225
31%
Feb
Jan
11%
197
2,700
20
Murray Ohio Mfg Co
Polaris Mining Co
Powdrell & Alexander
6
6%
1,700
27 %
Pneumatic Scale common.
Jan
10%
317b
31%
Feb
10%
9%
10
10
Producers
10
Mountain Staces Power common——
Mountain States Tel & Tel
100
Mountain
207b
Jan
46%
37B
37B
5o
Mountain City Copper common—
Jan
Low
7%
7%
7%
Range Since January 1
Shares
High
Low
1
Pleasant Valley Wine Co
Jan
for Week
of Prices
Sale Price
77b
20%
87B
87B
.10c
Apr
Sales
Range
Last
Par.
4
15
20
21
45
4672
partic pta
of America
37
Week's
Friday
Curb Exchange
High
Jan
450
20%
Muskegon Piston Ring
Muskogee Co common
20
4,400
10
Utilities new com. —5
Montana Dakota
200
34
York
Range Since Januar/1
Low
34
-.1
3
STOCKS
High
...1
Missouri Public Servi«a co mmon—
MAY
ENDING
New
Shares
of Prices
Sale Price
Molybdenum Corp
Monogram Pictures common
WEEK
for Week
Par.
0
FOR
Sales
Last
STOCKS
York
dew
Week's
14%
162
Feb
May
1778 May
Jan
*
2.78
—1
10
...1
__2u
.10
.,.
674
6%
,
67a
26
28%
-
26
273/4
28%
,
6 A- Jan
500
50
2,800
/
24%
Feb
4572
..
.
Jan
24% Peb
Feb
3%
Apr
457a Apr
:8% Feb
27%
I
20.
Feb
.Apr
iVolurae 163
Number 4487
NEW YORK CURB EXCHANGE
RANGE FOR WEEK ENDING
MAY
tfS'V-
3
'
Week's
Sales
Range
Friday
STOCKS
New York Curb
Low
Par
Preferred
17%
Standard Tube class B
„1
6%
800
3'%
60
•
138
Starrett (The)
-1
9%
9%
Corp
Steel Co of Canada
6% Jan
Jan
7
Jan
Feb
160
Jan
& Co common
mm
67
—
Sterling Engine Co
Sterling Inc
Stetson (J B) Co common
Stinnes (Hugo) Corp
Btroock (S) dc Co common
Sunbeam Corp
Bun Ray Drug Co
Superior Portland Cement,
•
•
•
Apr
18
31
Apr
10
Feb
Boston
IA Central States Electric 5s
A5%s
500
*
1
73A
19%
19,900
20%
800
2%
38
8%
Jan
17%
Apr
Feb
2%
400
39%
41
Jan
18% Mar
1,800
44%
950
2%
2%
7
11% Mar
4,600
17%
7%
15
Jan
7% Mar
32
x38
25
Apr
3%
Jan
Jan
47 %
Telephone of Canada—
series
Jan
Mar
Service
43%
46
200
28
Jan
51
Apr
-——*
28
28%
875
26
Mar
34%
Jan
Consol
SI
16
14%
16
400
14
Mar
16
May
3%s
Swan Finch Oil Corp
.1962
1948
Taggart Corp common
Tampa Electric Co common-
—
Jan
26%
28%
Feb
29
Apr
Apr
122
23
4,400
117%
2
10%
10%
10%
2,200
8"% Mar
21%
20
23%
38,200
17% Mar
B
common
40%
40%
200
25 %
23%
25%
1,500
15%
16
Amer
37
16
Mar
Jan
43
26
Jan
Feb
Pr
~7%
Jan
19%
•
7%
~2%
71%
Jan
7
Feb
9%
Jan
Jan
14%
Feb
2 %
1,200
7%
2%
Apr
3%
2%
1,500
135
139%
400
100
Jan
142
112
•
160
100
1
1
136
10
1% preferred
Tonopah Mining of Nevada
Trans Lux Corp.
112%
40
108
Jan
112 Va
40
113%
.
64
—
Feb
115% 115%
Apr
116%
3%
3%
2,400
3
Apr
4%
Feb
7
7%
2,200
6%
Jan
9%
Finland
56%
68
42
12,400
5
3,200
4%
27%
10%
11%
2,100
15%
15%
3%
375
100
26
-1
•
5s
10
panada
Aircraft
14%
20
Feb
68
3%
3%
400
9%
10%
2,600
10 Vs
11 Va
%
Jan
A General
Rayon Co 6s
III
24%
29
I10
U S
U
•
14%
Jan
5%
6s
preferred
Machinery
13%
Jan
8% Mar
2,600
11%
J-J
8%
Feb
Feb
63%
22
May
29%
Jan
27
Mar
30
15,800
1
Jan
2%
32
Feb
48%
Apr
Apr
18 Vs
18%
20%
15,900
15
Jan
21%
31
31%
15,400
25%
Feb
31% May
60
60
175
47
Jan
96% 100
150
95
Mar
100
284
82%
81%
60
Jan
Apr
100%
Feb
9%
Indiana
Feb
4%
10%
48 %
84%
250
49
Apr
12%
Jan
78%
2,975
Jan
84%
Apr
46 %* Jan
49
20
20
22%
1,000
18%
Feb
24%
23
22%
23 %
3,500
18%
Jan
27 %
Jan
9
•
•
16
16
16%
1,050
15
17%
Feb
X
Reclaiming
48%
Utah Power & Light common
675
May
Apr
3% Jan
7%
Jan
Mar
95%
Feb
89
18%
4.400
12%
Feb
6%
6%
3,700
4%
Feb
18% May
7
5
Feb
7%
Apr
Jan
10%
11,200
9
Jan
12%
Jan
22
Feb
27
Apr
27%
5%
700
9%
8
27%
25
24% Jan
28
Feb
5%
10
52
52
5%
6
23%
4%
5%
36
5%
5,000
Jail
52
Jan
3,700
21
Feb
4%
100
4
Jan
25
100
Jan
104
Apr
7%
24%
4%
104
500
52
5%
24
10c
1
Utility Equities common
$5.50 priority stock
4,600
Mar
16%
17%
50a
2
10
10
•
B
•
91
..
6 3
5%
92%
5%
5%
92
•
Universal Products Co
Utah-Idaho sugar
Yafep&r Corp
10%
common
eonvertiole preferred
Venezuelan Petroleum
$4
109
10%
109
10
..
9%
Manufacturing
Jan
25%
Apr
5%
Feb
104
Feb
21
11%
2,500
114
10% Mar
80
10%
3,400
22%
109
700
8%
15
13%
Mar
145
Jan
Jan
Jan
12 %
Jan
Feb
24
Apr
80%
130:
6
104% 104%
13
$107% 109%,
104% 104%
J-D
$101
J-J
104%
$62%
Aircraft
Co
•
Wagner Bating voting trust ctfs ext..*
7%
preferred—
10Q
Waitt & Bond class A
_•
:Class B
63A
Co
35
Aircraft
31%
33 3A
i
Corp
20
20
6
6%
200
21
6%
7
70
10%
113
Jan
Feb,
10% Mar
49
8%
10
113
39
24 %
May
Feb
Apr
7
Jan
7
May
Jan
70
Apr
Jan
10%
Jan
6% May
2,100
—
Feb
5%
1,000
10
Apr
Jan
20
2,300
67
10
34
114
6%
1,150
67
Feb
30
-
3,800
6%
l.gg
•
Feb
Jan
19%
600
7%
$
Wentworth Manufacturing
West Texas Utilities $6 preferred
9%
6%
5,600
35
6
i
Knitting Mills
34
7%
L.
Baking Co warrants
700
113% Mar
33%
•
Watch
7
1950
5s
5s
76
Va Coal k Coke
g
Western Maryland Ry 1% 1st
pfd—100
Western Tablet &
Stationery com—.. •
Westmoreland Coal
_2Q
Westmoreland Inc
10
Weyenberg Shoe Mfg
;
(Wm & Co
(R C)
k
21
115
112% Mar
92
—
'4
W
38
—
(Dec
1
1941
coup)
106
75'
105
%
41%
in
Co
•
Products Inc.
i
Winnipeg Elec
common B
&
L
4%%
Wolverine Portland
•
pfd
Cement
Woodall Industries Inc
Woodley Petroleum
Woolworth (F W) Ltd—
deposit
receipts—!
preference
Wright Hargreaves Ltd
39%
40%
22%
22%
25
38%
42%
1,500
23
100
~
29%
•
coupon)
105
105
p
102%
106
%
103% 103%
20
103%
103%
6
(July 1941 coupon)
105
105 V*
105%
108%
30%
F
"
48
65 -i
48
8
47%
59 %
50
F-A
.50
5
46%
65 H
5
48.
.
49%
1952
J-J
$48
49%
55
47%
1
t
.
Superpower
6s
J-J
102%
J-J
101'A
1962
5s
6s
Debenture
Altalian
1957
1952
Power
Interstate
J-J
M-S
1966
J-D
$104%
2022
M-S
$111
Kansas Power & Light
1969.
1970
J-J
109% 109%
J-J
105% 105%
3V2S
Kentucky Utilities 4s
—1956
Nebraska
6s
A-O
to
1967
24
12%
25%
375
12%
13%
1,200
4%s
4%s_
A
New
Amsterdam
Gas
5s
J-D
Conv
deb
1950
"9%
~9%
a
14
13
14
2,500
1
13%
12%
14%
1,400
io
•
i
1
"4%
"4%
i
12,100
101%
101%
99
1013a
101%
.65
107% 107%
30;
1968
1971
A-O
;;xl'02«S'1,105%
1
102% 103%.-
100;%.-105
26
<
.?
103%
107%
<6r:
.
100% 101 %:S
viimiaMlVa
$45%
Ohio
Power
1st
mtge
3s
1st
Ohio
mtge 3%s
Service
Public
107
103 Va
101'A
10
"2
107% 107%
A-O
$107
103%
1962
F-A
1955
1964
F-A
J-J
$89
95
Penn Central Lt k Pwr 4%s
1977
M-N
104
105
1979
M-N
4s
105
105
103
m-
&
5s
1st
Pennsylvania Water & Power 3%s_1964
3%s
104%
Elec
5%s
Power
Sc Coke
J-J
1972
J-J
1959
M-S
106%
"108%
.
104% 106%
1
103
10
104
81
„
"fr.
,104
'mm,mf*
11"
'
lOfiVa
I; 91
••
I0IV2
■
103
;
105Vs
4
106 Vs 106%
F-A
1950
•
108
,
'
16
$104'A 103
$106%
J-D
1970
.
103
107
106
—
*
'
Power
46%
45%
Light 5sj...
Park Lexington 1st mtge 3s
Pacific
108
I'
:.t
fi
t#'■'%
106% 108
i 13
j|
101
106 V8 106%
103
II
105 V4
106 Va
105%
107%'
18
106 Vs
Co—.
$99% 102%
$105% 100%
—
S
Public Service Co of Colorado—
1st mtge
3%s
Sinking fund deb 4s
Public
Service
of
1964
—1949
New
105% 105%
J-D
102
M-N
3
"2'
171'A 172
102
101%
104
167
172
*.
-
6
...
1952
Safe Harbor Water 4%s
A-O
106 %
106% 106%
6
1979
A
series
105'A
J-D
,
Jersey—
J-D
105'A
105% 105%
14
1952
B
M-S
J-D
105%
»4
lot;
104 Va
108%
125
126
103
$126
1951
San Joaquin Lt k Pwr 6s
ASchulte Real Estate 6s
$104
103
'
Scullin Steel Inc
1951
Southern
Counties
Gas
J-J
1970
F-A
25
16
107
107%
A-O
98%
107
101%
»108 %
105%
109
105
107% M
(Calif)-—
1st mtge 3s
Southern
J-J
1
-107%
103 3 s 106%
M-S
1971
1994
100% 100%
A-O
1965
1970
mtge 3s
California Edison 3s
Southern California Gas 3%s
Southern
Indiana Ry 2%s
Gas & Elec 3%s
Southwestern
Electric
1989
—1950
A Starrest
$107 Vs
—
116
114% 114%
108%
108% 108%
114%
108 % 103%
Edison
16%
1946
1946
N
H
•
4s
Jan
Apr
17%
Jan
Apr
Feb
16
Apr
17% Mar
7
Feb
4%
Apr
Feb
6% Feb
96«
.40%
jQikm
II
J-J
.
■
'1:1
4B
t)
:|.i
°S-105
107 Va
'
40%
105 Va
107%
107% 110
—107"%~t0TVa
'
:
1959
(Maine)—
A-O
104% 104%
103%
F-A
107 Vs 107%
A )
l!|
107% 109%
106
"
1952
Utah Power k Light CoDebenture 6s series A
OfiUH "
#3
48
'
A-O
J^D
105 Vs
78
'■■"h
w
1968
J
1st lien k cons 5%s
Apr
11% Jan
104
109
A'O
1949
3%s
United Light k Railways
6s series A.
-
$104
__
k Power Co—
Apr
33
M-N
Stinnes. (Hugo)
Apr
31
■■
For footnotes see
page 2470.
98%
98%
J-J
(part paid)
Light
•7
105
105
m
1948
A5%s series A
United
Mar
10%
-
#
if
•77"
102% 102%
United
Apr
16
1
~_L
__
107
2022
M-S
1964
% J-D
2030
A-O
5s—..—I960
J-D
114% 114,»/«
M-N
1954
..:9"
116
114
;■"?
I
'
?.
Waldorf-Astoria Hotel—
A5s
income
debs
—
Wash Water Power "3 %s
West Penn Electric
Bs
£1
107%
115
||
108%
106
111
J-J
Toledo
13
106
1
3
M-N
Jan
8% Jan
300
i
107
1964
Jan
112
78
S
North Continental Utility Corp—
Apr
Apr
104
112%
101
100%
♦
<
106 7/a
70%
1
111 Vs
102%
9
2004
Westchester Ltg 4s
r'e
115%
105%
12
.
74
N
&
J;*'-
109
1
N Y State Elec & Gas 3%s
Y
•
100 % 101
101 Vs
A-O
•
107-
•'
"
100 Va 101
M-N
29
Jan
:
114%
103%
$105%
100%
M-N
5s
England
New England
55
12% Mar
104%
-
107
J-D
Power 3%s
1961
Power Assn' 5s..-.—1948
Debenture 5%s<
*
1954
New
20
18
55 Va
..
106% 106%
M-S
1948
V
47%
13
0
101%
111
107
J-J
1947
—
«
\
...
.
95%
,
116
72
M-S
1948
New Eng Gas & El Assn 5s
5s
Feb
110
"""""
104% 104%
$103
72
M-S
1981
2022
Gas Light
Power
series
F-A
1963
McCord Corp deb 4%s
.Midland Valley RR—
Apr
Apr
Feb
104%
j.;!
M
103%
4
1965
Feb
20
47%
Kansas Gas & Electric 6s
24%
21%
47%
60
;•
100%
17
}
63
47
117
Kansas Electric Power 3%s._
Jersey Cent Pow & Lt 3%s
Apr
40%
Feb
Apr
Feb
155
Feb
102% 103%
100 Vs 101%
60 ^
v
48
.
47%
«
49
33%
400
M
W.
tl
'
51
47%
1952
1941
series
A7s
$48
1957
(Aug
(A G) 5s.—.
Corp inc 5s
Corp—
A7-4s 3d stamped
Stinnes (Hugo) Industries—
A7-4s 2nd stamped
140
100
.
3
__
$105% 107%
J-D
1957
34
250
•
■
J
106%'
105% 105 %
105 %
1955
E
series
22%
50
23
40%
38
102 Va
71
Apr
16%
12% Mar
20
105%
102% 102%
..
F-A
1955
C
series
39% May
2,400*
15%
146
62
60%
104%
101 Va
74
$105%
102%
M-N
—.1970
16%
15%
146
1
2l
Wichita River Oil Corp
15%
"
.
107% 109%
~35 "
101%
106
J-J
—1963
Spalding
West
49 Va
104% 1071:
__
$72%
M-S
Service
A6%s
5%s
W
6*
81V4
107
128%
J-D
perpetual certificates
Queens Borough Gas k Electric—
>
72
39%
105%
__
J-J
6%
American
11
$130
A-O
stamped extended
Power Corp (Can) 4%s B
•
14
J-D
1949
5s
P
30
Co—
Portland Gas
Wisconsin
75
41
-106
77
Jan
Philadelphia
Willson
73
40'/a
Jan
1
Inc
Universal Consolidated Oil
Universal Insurance
Williams
126
A-O
5%s series B—.——1957
1st lien & ref
Mar
292
2% Mar
400
3
Jan
Jan
1
.
United Wallpaper,
Whitman
120%
-
Jan
47
10
25
28
Rubber
Wayne
108%
130
106
M-S
Apr
5,200
45 Va
1%
2%
common
United Stores common
Ward
74
106;
A-O
Power
1st & ref
Apr
Jan
45%
2%
Radiator common
Warner
110"vl
105
$120
M-S
Jan 1949
B
series
Illinois
Milwaukee
Sharing
Profit
Shoe
Waltham
109%
107
Jan
8%
1st preferred with warrants
Waco
105%
5
2
1958
Hygrade Food 6s ser A
Apr
1%
106
250
and International Securities
Vogt
3.
105
'I:
Extended at 4%
Graphite common
S
;s:
107%,
'
International Power Sec—
8% Mar
regis
dep rets ord
Foil Co class B
$5
I
106%
105%
1953
Jan
1%
...*
Preferred
U S
102,%
104%
1963
6s
Jan
1,000
22
29
•
participating preferred..
S
West
17%
100
22
29
...
United Specialties common
U
k
14 Va
31%
.
United NJ RR & Canal
-
102
3
1950
.
Indianapolis P & L 3V4S
7%
•
common
73*'
21
83
,
1948
ser A
3%
Feb
United Molasses Co Ltd—
U S
Pow
Grocery Store Prod 6s
Feb
59
1
United Milk Products
10 %
102 A
1969
A
30
3%
IIIIIlOQ
Products
United Light & Railways
United
104%
105
1961
3%s
Green Mountain
Jan
May
5%
Jan
11% Mar
„
warrants
United Elastic Corp
United
106%
103
105% 105%
107
107%
107%
M-S
1965
—1956
15% Feb
^
Corp
Amer
66%
104%
81
.
104% 106%
A-O
1993
10% Mar
1-2,500
.
United Chemicals common
Gas Corp
'1
70
103%
,
■
A 7s
12%
14%
9
Union Investment Co
Union Stk Yds of Omaha
-
107% 107%
j-j
1993
<
stamped
A7s
10c
Corp
Unexcelled Manufacturing Co.
"Union Gas of
mm
-'
109%
■
Realization
$3
102
105
J-D
^
1954
Power
U
1
Udyllte Corp
United
'67%
104% 105%'
J-D
—1969
i
Gatineau
A6%s
United
67
82
Residential Mtge Bank—
A 7s
United
108?4
80% 108
•
-
(Bait)—
1st mtge 4s ser A
1st mtge 4s ser B
Feb
4%
preferred
Apr
7%
•
Tung-Sol Lamp Works
Ulen
86
118
Mar
3 Vs
warrants
Inc
convertible
105
23 ••••*
•
105%
103
102 A
P.
Eastern Gas k Fuel 3VaS
Elmira Water Lt & RR 5s
Guantanamo
80c
67
103%
.
Grand Trunk West 4s
Todd Shipyards Corp
Toledo Edison 6% preferred
Trunz
115
Jan
Apr
14%
-•
Exports
dep rets ord regis
dep recs def reg
TrI-Continental
M-S
jif-S
1971
4%s_
106%
102% 105%,
F-A
N
ser
119%
113
'-i
110%
117%
Delaware Lackawanna & Western RR—
Lackawanna of N J Division—
Apr
15%
200
•
Transwestern Oil Co
103
A-0
Apr
Tobacco Security Trust Co Ltd—
Amer
■
108%
3
.
$113% 114%"
A-O
Feb
10%
24
64%
1
Realty k Construction
& Allied Stocks
Product
40%
X
Co
Roofing Inc
Tobacco
37
U
,108
Jan
50c
Thew Shovel
Tishman
10%
32% Mar
Light 7% pfd—100
Textron Inc
Tilo
500
37
26 %
Texon Oil & Land Co
Tobacco
8% Mar
105%
106
llvJfl.
104
1969
k
108% 108%
118
119
103
——1950
Lt
P
103%
'
36%
Technicolor Inc common.....
Texas Power k
300
9%
:
104
...—1958
El
104%
10
M-S
Jan 1966
mtge 3s
101%
6
107%
j-j
5s
Gen mtge
9%
108%
J-D
\
1954
5s
series
48
'
'
1st ref mtge 2%s ser Q——^...1976
Consolidated Gas (Bait City)—
9%
106
—
A-Q
......1970 '
5s
Gas
124
■■
5s
ref
Vf
122%
'
Debenture
1st
111%
4
102% 103
M-N
Debenture
—
! *
109%
101%
.
Called,bonds
28
Inc—
Common
deb
104%
11 *
111%
104% 105
U-S
High
.
__
HI
—
102%
J-D
.I960
SAChicago Rys 5s ctfs (part paid)_1927 "
Conv
j-j
January
Low
$102%
M-S "
■
1957
C
Blckford's Inc 6%S
Edison 2%s—_
Cities
Sold
High
'
1st M 5s series B
5s
Apr
48
Bell
?
j
!f
3 Range Since
Bonds
122% 122 Va
—1964
49 Va
1,400
41
Atlantic City Elec 3%s
Friday's
Bid & Asked
..
J-J %'
1970
Elec 4%s
1953
ASSOO T & T deb S%* A—195S
Jan
8%
Low
J-D
Associated
Jan
Jan
Sale Price
or
—2024
29
29%
20 »A
Appalachian Pow deb 6s
24
72%
Last
—1961
3%S
50
8
16%
Pow
3,000
29
7%
—
14% Feb
Elec
Vs
8
Sterling Brewers Inc
Jan
Appalachian
80 Va May
67
Apr
29
Sterling Aluminum Products—
Jan
Jan
9%
Writing Paper 6s—
25
80
67
47
47
Sterchl Bros Stores common-
7%
2,400
10%
23%
Interest
.Par.
Amer
"U
Week's Range
Period
:;
■
j
Friday
Exchange
49%
80 Vs
..
900
7
Curb
'
■
High
Jan
17% May
6% Jan
1,000
19 %
6%
(A)
3%
—
Standard Products Co
Stein
8,700
5%
152
145
York
Range Since January 1
Low
5Va
5
5
Common class B
*
BOND S
New
High
4%
4%
1
.
Shares
of Prices
Sale Price
Standard Power & Light-—
,
for Week
'
Last
Exchange
West
Penn
5s
Traction
Western Newspaper Union—
6a conv s f debentures
:
—1959
F-A
88 Va
88%
89
25
108% 108%
It 1
108
125% 125%
ml
122
104
91 'A
107%: 110%
$109
—
•125%
72 Va
105
8
,108% -IV.
125'A
^
v
101%
106%
U:
Lift
Monday, May 6, 1946
V
THE. COMMERCIAL & FINANCIAL CHRONICLE
^470
'-'y/y
N|>ViYpRK|CURfe EXCHANGE
RANGE
FOR WEEK
ENDING MAY 3
Interest
Last
Interest
Low
^OgrieolUintl
Mortgage Bank (Col)—
7«.
April 1946'
Azo-year 7a
Jan 1947
Bogota (see Mortgage Bank of)
Extended
ALima City
(Plan A)
stamped
Maranhao
*95
97
94
stamped
7a
96 '/a
89
127
30
27
to
Government
A5%«
32
M-S
123
24%
21
23%
M-N-
Low
High
195
97
90
96
2008
M-8
142
45
37%
39
141%
43
37
41%
(Plan A)
2%
2012
6%s—.—1919
J-J
..
J-D
8
%
8%
10
145
7%
14%
J-J
1921
,
8%
8%
10
47
7%
14,
141
•No par
r
Cash
value,
sale,
a Deferred
d Ex-interest,
delivery sale,
e
Odd-lot sale,
n Under-Uu-rulo Mle.
Ex-dividend.
x
lPrlday'4 bid and asked prices; no sales being transacted during current week.
ABonds being traded flat.
SReported in receivership.
33%
51%
-
50%
,51%
—
20%
JIEx liquidating cash dividend
36
50%
23%
J-D
135
37
151%
--
A-0
151%
J-D
129
of $22.50, plus stock distribution.
Abbreviations tised above—vcoa," certificates or deposit;
1947
1927)-
1947
1931
A7s (issue Of Oct.
AMortgage Bank of
ARussian
94
M-N
Chile 6s
/t:
-^
High
Range for
January i
96
$94%
•
<«Mortgage Bank of Bogota—
;.,
A7s (issue of May 1927)
Sold
No.
28>/e
20>/4
28 %
J-J
2008
1951
Interest reduced to 2y#s
AMedeUin
28 %
reduced
Interest
80
M-N
1952
6%s stamped.1958
(Peru)
Rio de Janeiro stamped
80 Vi
80
80
80
Bend*
High
F-A
—-—1955
1953
—
5a.
Friday's
J-D
Interest reduced to 2%s
January 1
78%
J-D
1946
Sold
*80
J-J
Danzig Port & Waterways—
a External 6%s stamped
>-
or
Bid & Asked
.1972
Mortgage Bank of Denmark 59Parana stamped (Plan A)
Range Since
Low
High
A-0
A 20-year
Bonds
Bid & Asked
Sale Price
Period
Par
M
Week'* Range
or Friday's
Friday
S
ACauca Valley 7a
,kDanish
5 Wis
'
Sale-Price
Low
BONDS
New Ylrit Curb Exchange
'
Last
Period
Foreign
..
Week's Range
Friday
BONDS
New York Curb Exchange
tive; "conv," convertible; "M," mortgage;
-
"cons," consolidated; "com," cumula¬
"n-v," non-voting stock; "v t c," voting trust oertifioat««i
"w w," with warrants; "x w," without warrants.
"w V when issued;
3
OTHER STOCK EXCHANGES
RANGE FOR WEEK
ENDING MAY 3
Last
Range
Shares
Low
Eastern Sugars Assoc
Fidelity & Deposit Co
254
8%
2,499
40
45%
478
28
88
88
100
84%
116
116
47
116
109
40
107%
16
16
100
88
116
48
310
310
10°
310
310
40
40
103
103
B
——
Feb
90
North
8% May
45% May
Apr
.Northern
Apr
118%
Jan
109
Jan
168
Jan
179
Apr
58-
Reece
Jan
Button
Shawhiut
20
100
2
—
-
prior pfd
Casualty
>6.75#' cum
Amsterdam
New
300-
Mar
310
May
Btone &
2
310
May
310
May
Suburban
66
16% Jan
40
Apr
9
98% Mar
31% Mar
103
Apr
37
Jan
Inc
Webster
;
Penna Water
40
5
34%
34
pfd
As Guar
Fidelity
U 6
Western National Bank
13
75
75
•
50
50
20
& Power common
Seaboard Commercial 5%
United
Fruit
75.
Apr
81
Jan
43%
43%
43%
12
40
Jan
43% May
U S Rubber
51
51%
305
47%
Jan
54
Apr
U S
44%
44%
30
42%
Jan
45
91%
92%
12,500
87
Jan
94
22%
__
143
18
3
'
''
133% Jan
Jan
May
,
2%
143
Mar
Feb
j i
May
f*
16.
Apr
1
47%
J an
Apr
Feb
I,
42%
4%
310
534
947
700
43% May
41% Feb
3% Jan
6%
Feb
i
15%
148
14% Mar
17%
Jan
'*
17%
loe
Feb
19% Feb
23 %
226
17
18%
22
8%
Feb
23%
8%
100
7
4T%
Jan-
43
42%
43
540
39
47
46
47
939
38%
98%
11,350
94
Jan
99
1
Apr
>
;
9
Apr
43% Jan
Mar
50
102
Mar
102
,
Week's
Range
•
51%
Copper
50
Inc
Boston
Elevated
Ry
24%
148
40%
Jan
47%
43%
Jan
143%
Jan
152
20
Fuel
Eastern SS Lines Inc
41%
45%
Apr
National
195'/a
Feb
Apr
51% Feb
41%
Sons
Apr
48% Apr
;
11
76%
95
64% Mar
70%
73%
70
67%
Apr
79% May
83%. Feb
....
19%
20%
29
18
Jan
20%
Feb
66
__
66
60
66
33%
34%
559
32 Vs Mar
152% 152%
300
146% Mar
25
Jan
American
150
Mar
80
Feb
37
Feb
75
91
14%
Jan
100
10
14%
14%
36
18%
19
580
73
74%
185
56
10
10%
20%
21"
49%
93
Tel. Co
capital
Jan
23
Feb
May
39%
153
?
Jan
Jan
Sales
for Week
Shares
Low
20
Jan
Jan
76
Apr
100
Lou
700
Apr
9% Mar
20%
11%
12
23 %
800
10%
12%
1,250
10% Jan
14%
Feb
23%
24 %
1,100
19
25
Feb
Feb
126
—
15
126
193% 194%
15
185%, Feb
194 % May
15%
1,400
5%
2,150
15%
650
700
12%
5 J/a
15%
Jan
7%
19J/2
Feb
6%
Apr
8%
Jan
9%
Borg
Mfg
10 %
11%
2,100
Jan
14%
Feb
20%
50
19% Jan
2IV2
Jan
50
34%
Jan
43
Apr
22
Mar
26%
Jan
•
43
8%
Jan
12%
34.86
Jan
37.91
26%
Feb
37
Feb
1,450
12% Mar
17%
Feb
1
(E J)
&
22%
22%
26%
2,550
20%
Jan
27 J/4
Jan
17%
17%
18
1,300
15%
Jkn
•
capital
54%
54
56
700
14
22
Feb
56
40'% Mar
May
Wire—
Common
Jan
200
14
Corp
Brach & Sons
Fence
24
13%
1
(George W)
23%
13%
10
capital
Co
Brown
39
Feb
.1
Belden Mfg Co common
Berghoff Brewing Corp
Binks
Apr
Jan
Mar
15
20%
10%
5
common-^
Jan
300
5%
—3
Mar
Jan
134
15%
7
13 J/4
125% Mar
15%
6%
15%
40
5%
8
Seelig class A com
High
16%
—4
I
Range Since January 1
High
15%
1
common.
Co
15%
Jan
Feb
Washer
•
—5
common
Bastian-Blessing
22% Jan
14
17
169
37
Week's
Range
of Prices
100
pfd
Aviation Corp iDelaware)
Jan
Jan
Co
&
Automatic
Jan
13% Jan
16
355
34.44 35.44
34%
Service
Athey .Products capital
Jan
145
Tel &
Barlow &
Jan
15
35.44
__
•
Asbestos Mfg Co common
Jan
67
520
Public
Armour
Apr
49% Jan
84% Apr
43%
1
5
AlIied'Laboratories cpmmon—
Apr
Mar
44
19
„
•
Bruce Co (E L) common—.
14.
14%
800
44
—5
46%
400
39
Mar
46%
Apr
16
16%
750
10% Jan
16%
Jah
9%
Jan
14 %' Apr
May
Alkali
Apr
Central
Illinois
111 Secur
(A M)
Pub
common—
Serv
$6
Jan
47
Apr
Central
18%
Apr
25
Jan
39%
40%
117
43%
10
65
43%
63%
-
'•
.,
-\v.
•
.
vtc
Works.
Assn
65
3%
10
20
46%
38%
39%
20%
3>A
2%
20
3%
Jan
54% Jan
1,593
19%
38%
35
217
45%
41% Apr
44% Feb
51%
22%
Jan
10%
Feb
21%
T%, Jan
3%
1,180
58
17% Mar
160
3
Jan
.*
20%
Apr
4% Feb
60%
12
12
100
40
1
9
A
3
341/a
..
29
51
3
1
49
78
Cos—
48
Jan
29%
28
21J%
1A
1
Mar
2%; Apr
70
29%
Feb
60
30
2oy«
49
100
34%
79Va
207/a
11% Jan
145
7L
Jan
59*
,
Jan
155;.
950
20% Feb
•*
1
preferred
60%
Consolidated Biscuit
Consumers
14% Mar
56%- Jan
4
vtc
Common part
16%
11%
65%
28%
zr
10
47
47%
110
110%
12%
193
4%
23
IOC
150
50
100
13%
2,600
194%
2,890
22
Apr
25%
Jan
108
33%
xl07
May
27%
May
Apr
Jan
Feb
50%
113
3% Mar
5%
30
Apr
25% Jan
1% Jan
Inc
Eddy Paper Corp (The)—
Electric Household Util Corp
Elgin Nat Watch Co new—
25
Feb
10%
Jan
I 13%
Jan
184
Jan
i
198 J/2 Mar
16%
340
13
Mar
21%
350
20
Jan
22
10%
11%
62,850
Feb
11% May
65'%
65%
600
59
28
28%
150
27%
117
8%
70
115
450
79
16% May
Jan
i
Feb
65% May
Feb
32
Jan
118
Jan
Apr
95% May
93%
95%
34%
36%
20%
20.%
200
18 J/4
Feb
34%
35%
3,500
31 J/4
Feb
36
s
I
36% May
25% Jan
35%
500
Jan
26% Feb
J
Apr
19%
800
17
Feb
25
52
52
30
45
Jan
52
Apr
40
40
20
30'
Feb
40
May
27
28
70
20
Jan
28
May
|
xl4%
14%
15 Vs
950
12
Apr
16
Feb
5%
5%
6%
2,000
jI
!j
—
10
A
—*
5
29
15
30
76
74
76
140
25%
30
4,700.
30
30%
450
5% Jan
48% Jan
21%
Jan
29
Jan
8% Feb
75
Apr
3d
Apr
May
30% Apr
For footnotes- see-page 2478;
;
Feb
Jan
19".
new
class
Jan
21
15%
117
shs vtc class B
Industries
4
Apr
94%
common
partic pfd^
50
shares vtc class A—*'
Dodge Mfg Corp common
Domestic
Jan
33
109
20%
—5
common
1,300
Feb
36% Apr
79% Apr
.
Mar
Co
Common partic
•
5
10
Coleman (The) Co Inc
Apr
13%
■•
.*
♦"
450
33
108
4%
194%
•
24%
31
23
I
Chicago Elec, Mfg class A pfd
Chicago Towel Co conv pfd
Common capital
Commonwealth Edison
■(-
•
Inc
636
110%
—•
Cities Service Co common
.
•
.1
47
_50o
Central States Power & Light pref
Convertible
10
•
Cherry Burrell Corp common
Chicago Corp common—
Feb
Apr
Apr
Corp common
—
42% Apr
730
3%
Preferred
44
Apr
65% Apr
326
20
58%
100
*
pfd
Convertible preferred
Cenirai S W Otil common-'
.-V-jjgfc! '
Nash-Kelvinator
Service
Castle. & Co
135
30%
•
Rac'g
Feb
Jan
65
Mergenthaler Linotype
Narragansett
115
115
23%
108
100
1,260
15
,Y
Associates
32
preferred
103% Feb
32% Feb
24
Brother?
4%%
20%
»'
Mach Co
—
55
ButIp'
45
•.
A_
Maine Central RR common—
preferred
230
135
Mar
-
May
8% Apr
20
•
class
.•
112
135
6
Feb
88
16
12%
Burton-Dixie Corp
103%
.
Copper
'.A
270
Jan
Feb
•
wV, .' vV;
:..Vv
70
45
•
Hole
8%
99
1
l
Co
Copper
i
125
600
Piston Ring common
20%
—
•
.
Isle Royale
101% 101%
80% 88
110
135
100
common
B
Iht'l Button
__
85%
8%
100
Stores
Bakeries
Hathaway
Mathieson
Jan
Friday
common
Apr
23
340
Corp
Anierican
152
136
16%
100
Gillette Safety Razor Co
Dtil
46%
—
1956
3s
conv
Castings
Aetna Ball Bearing common
60
142
16%
100
Electric
Y.-"y
t-
15
•
Advanced Alum
Burd
Service
Public
(Wm)
Kennecott
if
85
70%
par
446
14%
100
100
Ry common
series A
preferred
>.v
Apr
Apr
Jan
Sale Price
Associates—
6# preferred class B
5% pfd adjustment
Engineers
38%
153%
78%
*
&
Mass Street
1st
Jan
Jan
800
38
48
79%
High
2,741
25
15
1
prior preferred
preferred
National
30%
544
16
10
4%%
Mass
664
16%
...
Eastern Gas
5%
60
147% 148%
68
5
Century Shares Trust
Class
Feb
572
16
Hecla
&
Cities Service
First
185%
84
•
100
Providence RR
&
General
.
38% Mar
2,644
83
100
7% class C 1st pfd stamped.
Personal Prop Trust
25%
110%
84%
Las,i
90.
83%
100
100
Boston
Filene's
45%
49
100
class B 1st pfd stamped,
98
751
82%
141% 146%
12%
Range Since January 1
Admiral
47%
100
Stamped
6%
American Tel & Tel
Feb
Maine RR—
prior preferred
5% class A 1st pfd
Eastern
102%
Low
48%
100
•
7%
6%
152
152
100
25
Herald Traveler Corp
Boston &
Boston
51%
•
Albany RR
ii
Chicago Stock Exchange
High
192% 194%
46%
100
Edison
Calumet
45%
Woolen
Boston &
8#
Low
193 %
Boston
•
STOCKS
Shares
•
100
Bird & Son
—50
for Week
of Prices
Par
Boston
10
Sales
Last
BIgelow-Sanford Carpet 6% pfd
36%
Apr
48
25
-
Exchange
Friday
Sale Price
Anaconda
82%
47%
BONDS
Boston Stock
American
142%
Jan
Mar
102
'American AgrI Chemical Co
American Tel & Tel
36%
•
Smelting Ref & Min com'
Mills Inc—
STOCKS
II
•
5
Westinghouse Electric Corp—
Apr
96
(subordinated)
20-yr debs
4%
---
12
47
75C.
132
Feb
127
4,575
High
Jan
Mar
1975
Mt Vernon-Woodbury
-
--
28
Co
"preferred
51
—1978
5s series A—
f
15 %
Low
76
70
170
5
Drug Inc
United
Bond*—
;
—
RangeSlnee January 1
—•
Union Twist Drill
Waldorf System Inc
Warren (S D) Co_„
Baltimore Transit Co 4s
J-
__
121
130%
1%
1%
143
143
11
43%
41%
4
—•
E16c Securities com
United Shoe Mach common
.
1%
Shares
Veraon-Woodbury Mills-
Common
*
130%
Sales
for Week
High
120
130
•
Torrington Co
Mt
--
•
Association
3
.
Low
11
43%
41%
4
-100
*
50
28
Mach
Hole
of Prices
Apr
48
1
1
common
Pennsylvania RR
Quincy Mining Co
Apr
19%
100
H).
(N
Pacific Mills new
Jan
15%, Jan
RR
©lit* Colony BR——
Jan
10
48
;Class
30
70
178% 178%
Fidelity & Guar Fire Corp
Finance Co of Amer class A com—100
4%
Feb
Feb
29%
7 «/2
109
•
100
100
1
20
10
vtc
com
Jan
25
28%
*
———100
2.50
New England T41 & Tel.
Butte* Mining
am
AOtP
45%
100
Consol Gas E L & Power com
4%% preferred class B
V'4 % preferred class C
New England Gas & Elec Assn—
5%% preferred
Range Since January. 1
High
28%
8%
—•
tc
Preferred v t c
Par
for Week
of Prices
Par
Arundel Corporation
Sale Price
Sales
Sale Price
Bait Transit Co common ?
Last
Exchange
Week's
Friday
STOCKS
Week's
Range
Friday
STOCKS
Baltimore Stock
11
f
niMii
'• {
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i
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Volume 163
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THE COMMERCIAL & FINANCIAL CHRONICLE
4487<
247I
.
■
OTHER. STOCK EXCHANGES
STOCKS
Week's
Friday
Ian
■
,-■
'Sales'
High1
lf% 'Hi:-
Bight- '
Low:
1
!
-
r
;J
Dock
Co
! Flour Mills of America Inc
\ Four-Wheel Drive Auto.
...i
t Fox (Peter) Brewing common
31
5
;
*
5
100
Vr
1115%
9
9%
15%
15%
—,-10
15 %
1,450
17
17
i
16%
31%
114
18
M4y
FCb
10%
Jan
Feb
Feb
Hew York Central RH
capltal—
Nbrth American Co...
27
Apr
150
27%
150
32
12% Jan
13% *3%
72.
t$m~;
Finance
12
38%. 39%
•
23
23%
23%
common
33 >4
C& xif' m conrntwr———-—P*"" "
Great Lakes D & D common-.—
-•
27
—
-Iff
29
—1
Iff
Htin
Jlm
—25
Farts
-Bibb' Spencer Bartlett common.'.
Feb
•
Hupp Motors
Apr
17
Feb
27
i Wtramountp.ff.
■'
Apr
Pepsi-'Cola Co1—.
Phllman
Brick
Illinois
Co.
21"%' Jan
27
Central
RR
25%
Jan
30
400
20%
Jan
30
Apr'
19%.,
1,000
■17%
Apr
24%
22% i
850
16 Vi
Jan
23 Vt
Jan
«arw
02%
63%
40
2?
22%
250
8®4
500
<
Feb
8%
'8%
—-
-
-58%' Jari
35%
72%. Apr
47%
30%
;
■
«
•
Katz Drug Co common
Kellogg Switchboard common—.
Kentucky Utilities—
*
»■
Oil
of
N
j
Ino^—
UnitedVCorp
32%
IT 8 Rubber Co common
Apr
■h Apr
Apr
20
Wilson &
Co
16%
19%
11%
370
0
Jan
200
27
Mar
19%
250
14%
Jan
20Vt-
14'
700
12%
Jan
17
Feb
28%.. Apr
1S% Feb
■
30"
19%';"»; ,;'vSO(F::
5%
Apr
9-
200
.
34
Apr
5%.. Apr
IT
•,
Jan
6%
'''ja
Apr
86%.. Apr
l&lkr Apr
Apr
.
Apr
ll% May
66%, Jan.
400
.Apr
40%* Feb
17%
1914May '
27% Feb:
Jan
28-
78% May
"21% Apr
"
400
17%
<
62% Feb
-
'
2,200
5%
17%
:
Jan
16
300
30%
19
22%-.AP*.
3,000
.
10% 11%'
5ff
**'
common:
-67
Feb
20'
600;
78%
19%
29%
.
IF-
Apr
41
400"
1,400
1,400
26%
34*
77%
•»
Jan
;
16%
32%
25
...x-
78.., Apr
30'
Apr
33 yu Miy.
**
J
47%. Apr
A
"68%: Jan
-200
59%,-Feb
X23%
32'%
15
: ;
Apr
10% Apr
32'
Apr
V.V;'&* ■'"(!;'j ffe
25
®;
13
100
37.
9%. Apr
20
May
000
Jan
34% Apr *
"
27%
Jan
25V* Jan
35
'"
:28%
26%
44
Mdr
2B%Mar
700"
33%
Jfc»'
SUnray Oil Corp
Jan
,21:
'2;90ff:
'10
33 y»
-.L
24%- Apr
44% Jan
13%
...i
9%
20%
37
;2ff"
r
Standard Steel 'Springy
Studebaker Corp common—
11
'
!cd
Oil
Jan
19%
41
Sbcony?'Vacuum
(ifitawlard Branifavnmwirtnn
10%
36 ?8
11%
*•
pfd——-
•
.
Radio-Keith-Orpheum
Reptddto SteeliCorp. Cflmmnw '
Standard
28% Mar
3,300
1,150
31
20
,9%
r »
33
600
31%
32
18
19%.
(The) t commom
Jan
'
3*2
—:
600'
78
33% Mar
1,950
600
26%
33%
R4di(* (56rp oK Atneriei anmiekn
22%
-.17% Feh
-v
21%
28%
36%
.• ^
—
aVi-.Mar
100
44
....
Jan
20
.•
600
31V4
common..
Warrants
Power' $6
23.
35%
common.—
•
Interstate
21%
"
4S3/4
new
—
Indiana steel Prod
22
.100
common-:—
Indianapolis Pr & Lt
Rights
'
"V2¥:v-''
.10
Apr
22% Jan
'
550
22%
-IK
capital———.
Iiidep Pneum Tool vtc
-
Incorporated
pfttr Oil CO
'
-minoia
.
Range Since January t
Low
Bio>•
High
38% Feb.
Packard Motor- Car..
--Pan Amer Airways
Cmp.—:.—:—2%
f
350
~
Jan
42 y*
650
24 %
14%
"
Jan^
29
—Zl
(new)—
common
--i
79% F6b
II ,' May
24%
18%
21%
„
*•
common—
21
.
-
70f%.Feb
.
400
.
24V'2
24%
Harnischfeger Corp common—.
Belle man Brewing Co G capital.
HutOers- Inc
Low
•
Feb
16%
Apr
"
u%
'•
"Urasusitm
MOtor
1,250
ii
—*
Gillette Safety .Razor common
Werner
1,000
11
38%
| Gibson Refrigerator Co common—.—!
Goldblatt Bros Inc
Shares
P01b
...
Corp common15
General Motors* Corp common——-.10
i
far Week'
(Glenh L) Cb common.
N&sh-Kelvinator Corp.
—.
t
General
Sales
Stag*
of Prices
Martin
*
conation:.—;
Week's
Last
SthfriN
i.
H; JFitz Simons" St Connell Dredge &
'
Friday
Range Sine*January 1
Shares
©fPrice*.
Par
stocks
for Week
Range
%
Sale Price
■
15% Mar
111/4
41'
Apr
May
Apr
.
6'/c
•
.100
preferred
,La, Salle
Ext
Co
ex.
ueatti
Univ
103/a
450
30%
31 %
3* 0
19
13%
13%
700
-I
31
32
7%
11
Jan
Jan
32
STOCKS
Apr
32
Apr
Par
970
35
Feb-
68i
Apr
950
13
Jdn
38%
Apr
American
Laundry
16%
20
12l/a
Feb
16 y2
Apr
American
Products
Machinery
23
100
23
Apr
23
Field
4 72
5: V2
100
30 V4
Feb
57%
Burger
21V2
50
20
Apr
Apr
23% Feb
28
29%
1,900
29%
Fooa
Mickeibfirry's
West
Middle
$1
prior
1
-—*
com—;
Corp capital—
M Hart
Miller
Prod
Inc
54 %
28
vtc
common
<
Participating preferred
Apr
8%
8>/4
8%
2,950
15%
15%
15 %
400
16
10
preferred-
16
20% Jan,
5% Jan
Apr
9% Feb
Jan
16 %
Jan
Mar
14%
4%
1
Modine Mfg
*
common
•Monroe Chemical Co common
16
20
18%
—
id
Ball
Crank
5
Pressure
100
6V4
Jan
8 V2
Apr
72%
Jan
98%
Apr
Cincinnati Street
...SO
17
National
Standard
Cincinnati
~ji a
105
jan
32
Apr
36'
Feb
40
Jan
87 j/b
50
Jan
Telephone
33%
86
300
45%
46
200.
47
47
100
50
JUn
Eagle-Picher
Early & Daniel.
24%
25
900
Wh Mar
23%
Apr
Formica
14
14
100
14
Jan
16 y2
Ind Inc capital
5
North American Car common—_—20'
Illinois Corp
Northern
24%
*
common
—
29 >/4
800
28
Jan
32
Feb
Hatfield
Apr
Hatfield
40
-
mm Feb
.
*
•
47. '
Apr
Nor
Bancorp
West
17o.
Util
100
100
preferred
Bush
Nunn
Mib
o<in
common
prior lien pid
Shoe
183
20
180% 183%
182
27
12%
couiUiuu
520
28
11%
2%
common
183
12%
171 %
Jan
185
135
Jan
183%; Apr
28
Apr
200
23%
Jan
12,600
10 y*
Apr
13%
Feb
*
10
__
(The)
Pen Co
new—25
Peaoody Coal Co class B com
6'/<r preferred
Co
Potter
RR
Process
(The)
*
Art
.
___
partic
Hobart class
Apr
24
Mar
Feb
16
Jan
30
47%
Feb
62%
Apr
25
12%
Jan
15% Api'
50
15
8%
328
113
17
Mar
5%-Mar
20
lll'/2
10
17%
20
104 y2
Jan
8% May
Jan
115
Feb
Apr
110
Jan
557
14
Jan
17% May
550
125
100
23
100
40
52%
Feb
__
pfd.
1st
..
89
Mar
105% Mat
13% Jan
19% Feb
5
80'A Jan
24% Mar
26
27
69
67%
70
_
100
_
110
75
70
10%
56
5%
6'A
Apr
57
25%
130
37
Jan;
493
4%
796
65%
Jan
46
55
70
Feb
75
.100
Jan
Lunkenheimer
May
56% Mar
55%
56
51
50
58%
61
395
44%
Jan
61%. Apr
30 >/sr
51
!jl
...
Apr
Feb
..
_
National Pumps
500
41%
Feb
47%
Feb
Procter
IOO
7V4
Jan
9%
Feb
Randall class
30%
20
28%
Jan
34% Jda
9%
23
7%
7V4
100
6%
Feb
8V4
Jan
9%
:
9%
68%
Rapid
Gamble
&
67%
41
B__
_
Mar
6»/4 May
75
51
—
-
...
—
77/e
—
95
26'
•
42'/B
1
100
25%
25
_
24%
125
Jan
25%
12%
49
Mar
51%
Apr
14%' Apr
8% Mar
12%
81
A
preferred.
22%. Mar
10814
103% 105
12%
.'.v *«ry*
Kahn
7%
•.
20
Jan
14
17
112
#
41%
41%
1—50
common.
9,250
125
^
_
10
common
Corp (The)
14%
200
23
100
capital
51
13%
14
Penn Eiec Switch class A
Pennsylvania
50
50
.a-
common
Jan
17%
127% 127'/2
tf
Kroger
Parker
13%
40
104% 104%
...
Insulation
Gibson
Northwest
250
Jan
29
Noblitt-Sparks
;
Jan
Mar
Apr
33%
45%
10
common
6
15%
8
17
50:
45% Mar
76%:
--
common—2
Cooker
62%
—
200
Cincinnati Union Stock Yards
National
150
15%
—
17
8%
250
15%
3% Jan
Feb
Advertising Products-
981/4
50
20*
24
62%
8%
49%
4%.
fn
*
97V4
*
41
High
46%
501
15%
Cincinnati Gas & Electric preferred. 100
C N O & T P
.20
8%
0
Montgomery Ward & Co com
Muskegon Mot j3pec class a:
*_
—
Low
307
20
15%
_
-
Cincinnati
Cincinnati
Minneapolis Brewing Co common.
'
46%
23%
Brewing
Range Sin
High
45Ve
*
Champion Paper & Fibre
Churngold
23
•
common
Shares
LOW
—20
Baldwin
Marshall
for Week
of Prices
*
..
21%
.5
common
68
34%
Sales
Range
SalePrlco
16 %
-10
Week's*
Last,
33-%
34
com.
•
Friday
Apr
15%
liy^Mar
1,4»-
Cincinnati Stock Exctiage
Feb
Apr
66
Light & Chemical
preferred
Line- Material
111%
11%. Jan
-7
preferred,
Lindsay
17c
Feb
110
10
31
common.
Ubby McNeil & Libbycommon..
Lincoln Printings CO common—
$3.50
10
110
110
10
common
71
5%
...
*
48*
—
9
830
Jan
Jan
11%
Jan
Feb
61%
71*
Apr
120
5% May
315
6%
50
-aC*.
32 % Mar
8%
Feb
50
Apr
Apr
1?-
105y4l05'/4
*
Quaker Oats Co common
Rain-Packing common.
10
10
33 Va
330
32%
—
102 '/2
108
Jan
30%. Mar
33 y2
Apr
U S
Jan
U
S
Playing Card
Printing
Preferred
t
Electric Co
Sangamo
Schwitzer
Cummins
derrick
1-
common
450
46%
11
.
48 Vb
U
__
650
20
18%
19
1
•
Corp mass B
35%
34
•
common*.
capital
Sears Roebuck & Co capital—
12
4,100
500
28
Mar
18%; Mar
Jan
49 y2
Apr
9%. Jan
12%
Jan
Bend
dpiegel
Inc
capital
common
Nat Stockyards capital^.
at "Louis
Standard
ZOV4
Apr
19%
1,200
10%
Apr
20%
Jan
43%
150
31V*
Jan
46'
Apr
Cities
3414
341/4
37%
1,000
21
Feb
39%
Apr
40%
30
35%
Apr
45
Jan
6%
2,700
Stewart-Warner
1
common
Corp
Corp common.
ssttHdstrana
Machine Tooi common
Co
(The)
■>08 South
United- Light &. Ry
w- i
Specialties
9%
24%
400
21
Jan
450
v38
Mar
48%
31%
38
38
4,700;
20% Mar
Cum
prior preferred-
18%
Feb
31V'2
37%
Jan
41
Bankshares
Wisconsin
Woodall Industries
Yates-American
c
Unlisted
Alleghany
33
150
25%
Jan
35
360
51%
Jan
56»/a
40
100
40
Apr*
52%
800
25%- Feb
34 V*
20
21%
50
83%
500
33%
34
43%
45%
105%, 105%
100
__
'
17 Vb
•
Jan
24%
97 y»
Feb
600
32% Mar
39ya
Jan
400
33
104%
Jan
45 Vb May
Jan
106
Jan
17%
17 %
200
17
Jan
19
Jan
13
13'%
500
13
Apr
17%
Jan
10%
10%
10%
450
10
Mar;
12%
Jan
Apr
7%
Apr
1
6%
oau
6%
-
-
at
sr
20
0wm~
6%
200
20% *
.
200
American (r Rolling
Anaconda
Copper
Bethlehem
__10
Mill—
Mining—
Top & Santa Fe Ry
J*.
47
—
com—. .100
—
Jan
31%
48%
700
23
Feb
33%
--
—1
cartain-teed Products
22
Columbia Gas & Electric
—
22
Apr
43%
Jan
104
-R
•
Steel Corp common
37%
Apr
37
66
26% Mar
12%
13
134
36 Va
14 -
Jan
18%
18%
18%
Motors
United
Brands
Aircraft
Products
74
27%
68
51%
72
•
-
52%
179
24>/»
1
70'
Apr-
—
—
23 %
1,100
51%
Feb
Jan
110
Jan
106
Jan
18%
Apr
is1/*
funeral
Electric
1
•
co
Graham-Paige
Motors
tnterlake
Corp
1
Par
Addressograph-Multigraph
(Un)
Allegheny
Mar
common
—
12%
200
1-1%
18%
100
17%
7%
7%
1,000
23%
Apr
1
5
100
Basic
Ice
&
Cleveland
Cliffs
100
preferred
pfd—.
Ilium 4V2%
Elec
29
-
•
World Publishing Co
Consolidated
Erie
Natural
Railroad
.15
Gas
(UN)
Apr
Firestone
12%
Apr
Feb
General
General T & R Co
100
15
16%
Apr
400
45%
Feb
51%
10%
500
lUVs
Apr
12%
Apr'
16%
16%
100
13%
Jan.
20%, Fen
For footnotes
see
page 2478.
Jan
jan
34%.. Feb
&
»c
205
42%
Jan
52%
Apr
85
16'A
Apr
23 Vb
Jan
Rubber
a76% a76%
185
a72% a72%
3
5
a47'/a a5l%
300
*
a46%a47%
50
a82
*
a74% a74%
"30
35%
100
66
40
a45% a46 y8
*
(Un)
;Jan
:,t
■;*
45
70y8
Feb
83%
Apr
52
Feb
tfy
Jan
80%; Jan
-
Fen
10%
Apr
102'A
113%
Jan.,
•
Motors
M'-'V
15
.38
^0%
25
Electric (Un)
46%
Jan
Apr
330
10
12%
20'/b
Tire
51
al6% al6%
•'
Apr
15-
Reb
Bookbindingchanged to
Name
Apr
45%
Jan
jBff: : Ju ir
-: Feb
110%
v51 "v
12.
Commercial
Apr
15
107
■'
Jan
28%
96
460
■
all).
28'A
72
350
35% 36'%
*100'%
-
5
Corp
Jan
8% Jan
45
a78
Feb
Jan
253b May
19Sr ; Fete
Feb
105
50
a9'/2
100
all!
185%
34
107
9
8'A
5'A. Jan,
16% Mar
61
a 194%
a78
Fuel
Cliffs Iron
737
a9 %.
-15
Brewing Corp of America
200
41% Jan
Apr
Mar
8
100
8%
107
-1
Refractories
6'/2
25%
al92%
4Utt
raw
31%
49
22%
6%:
25
Range Since January 1
High
8%
100
Apex Electric Prior pfd
Shares
z.on>
5uc
Corp
7
45%
—
•
—.4
25".;, .Apr
for Week
a35'/8 a35'/a
10
American Coach & Body
American Tel &. Tel
Ran re
of Prices
.
e
-
.*
Glidden
Goodrich
Iron
Laclede Gas Light
Jan
28% Apr
52%. Apr
Feb
Sales
Week's
Friday
Lass
General
Earnsworth Television & Radio
.1
Apr
Cleveland Stock Exchange
STOCKS
Jan
94%
18%
...
—
80;
Mar
23
May
21%. Apr
Feb
20
41%
■
continental Motors
ourtiss-Wright
Jan
15%. Feb
245
72
24 '/a
-
9%
12
27%
10
Pure Oil
Standard
Cleveland
6%
18
'
Atch
Jan
Crosley Motors
City
'
Corp
28%
•
——
Apr
79%. Jan
18%
capital——5
145
Jan
21%
-
common.
37 Vb
Jan
31 %
82%
827/a
•
36%
Service
Apr
40
_
common—
Stocks—
•
Fuel
Apr
56
31%
--
_
Macnine
Raaineof
utterican
&
Feb
55%
.
•
23
Apr
200
it
v, •
Ice
Akron Brass Mtg—
common.
Apr
Apr
53% Mar
26% Mar
32
56
12%
Common
36%. Feb
17%
49.
Jan
Feb
29
300
Westi'ngliouse Elec & Mfg—
Wieboldt" Stores" Inc
27% Jan
350
83%
Jan
50
Feb
21%
—
•
221
23
62 ya Mar
32'A
Feb
39
1
common
47% May
7% Mar
24 Ve
cap—5
U S Steel common—
Feb
29%
A
—
Feb
38
6
United Air Lines Transportation
50
8%
17% Mar
2iv4
25
common
8 Va
37 %
Jan
Apr
24 y«
Salle Street Corp com..*
La
1,000
6
14%
38
s
Swift & Co capital
550
8 %
10
,
15
47%
--
6'
common
Storkline Fur Corp common
;
45%
^—iu
capital.
Sterling Brewers Inc
Sunbeam
City
General
6
32%
23
34%
Columbia Gas
40%
14%
31%
23
70
"
16%
6
31%
.28
Rolling Mill
43 %
X14%
30
Brummell
19%
•
782
53
Jan
43'%.
1
common
mwrdftrtr on oa urn
United
16%
*
1
Standard. Forgings
Trane
1,350
Dredge—
Common
'
19«/4
18
o
-—
Works
Lathe
18 V4
•
2
Corp-.,—
oiuciair ou
South
Co commons
79%
48
48
UnlistedAmerican
Beau
Signode Steel Strap
79%
45%
53
0
50
35% May
24% Jan
36
.10
_
.7%
7%
7%,
900
7% May:
81a
Apr
Co
(B
common
common
F)
(UN)
common
Goodyear Tire & Rubber
Great
Lakes
Towing
com-
common
:
100
35%
35%
a82
37'/2 Feb
42
,
c
'
-
36% Jan
68
Feb
58% : Jan
30%
Feb
51%
'B
Apr
47%. Apr
88%
■
Apr
77
Apr
35'/a Mir
;
Monday, May 6, 1946
COMMERCIAL & FINANCIAL CHRONICLE
::^Mf
V*0
i'O
1
OThER STOCK EXCHANGES
"
Mv.'a,
RANGE
East
Low
Par
Bros
Halle
42
—
50
Preferred
Industrial Rayon new com
Interlake Iron (Un)
*
Machine
jones & Laughlin
Kelley Island Lime & Trans
Jaeger
54
25
53%
55
Mar
50
Apr
43% May
13% Jan
—
14%
Apr
291
128
41
Jan
525
26
Mar
32
128
40
Mar
550
14% Mar
17% Jan
270
14%
Cement
10
°
•
Metropolitan Paving Brick
*
class B__
McKee (A G)
Portland
Medusa
Apr
17% Feb
25
56
Feb
70
325
40
Jan
50
16%
Jan
22% May
Member Los Angeles
20% Feb
45% Feb
Stock Exchange
(Un)
Direct Private Wires to
Steel
Bichman
SCHWABACHER & CO., SAN FRANCISCO
150
15
a32% a34%
262
29%
55
—
•
Seiberllng Rubber
Ohio common
100
"
2
1
*
Co
25
1J
—
4%
—
—
common—*
71%
—
Feb
15
Byron
69
60
69%
Jackson
2,541
34%
34%
100
150
154
118
a7%
*
Co
—
Feb
Feb
49
68%
Apr
Jan
79%
Mar
97% Feb
Jan
25
Apr
34% Feb
14
Jan
17
Creameries of America,
4% Mar
5%
31%
6%
Jan,
Feb
j
Apr
69% May
34% Apr
Feb
44
Jan
Douglas
Aircraft
50
24
Feb
33
May
Feb
Dresser
Industries
61% Mar
74%
114
Jan
6%
176
1
Feb
?
1,215
Jan
9%
120% Mar
50
121
\
Jan
136%
Apr
•
17%
17
17%
17
Apr
23%
Jan
20%
20%
20%
193
20%
Apr
24
Feb
40
41
560
34%
Jan
45%
Feb
32%
32%
1,550
30%
Jan
32% Apr
28
18%
420
22%
Feb
31
Apr
a86% a87%
135
98%
Apr
98%
Apr
33%
Jan
_
•
——
_•
1
Inc
86
Jan
35%
50
71%
48
20
new
preferred
Consolidated Steel Corp—
Preferred
Apr
—
a7%
al28%al29%
X
5
1—
Colorado Fuel & Iron
5%
154
,100
Chrysler Corp —_'
22
13
High
-
5% Mar
4,655
Jan
60
26%
100
Low
6%
Stores Inc common—*
Dept
Range Since January I
High
5%
439
4%
Low
5%
1,315
"
Shares
X
Oil Corp
Chica
Central Investment Corp
Cessna Aircraft Co—
181
27%
(or Week
40% Feb
140
a38% a38%
33
33
—
51%
Jan
19
Jan
20% Mar
55
a63% a64%
26
Mar
Range
of Prices
Par
BoLsa
TRinity 412!
Sales
Last
Broadway
a82% a843e
Refining & Chemical
47% Feb
Feb
—
Sale Price
Feb
41 %
Week's
Friday
STOCKS
Apr
27
21%
—
Vlchek Tool
27
122
a253/e a253a
—
White Motor
Feb
21%
—
*
19%
23% Mar
711
*
*
Dorn Iron Works—
Youngstown Sheet & Tube
100
56
__
Feb
200
54%
10
Thompson Products Inc com
U S Steel (Un)——
Publishing
—
West 7th Street —LOS ANGELES 14
210
8% Apr
35% Jan
a 15% a 16%
(Un)
Standard Oil of
World
39
Apr
Mar
32%
—
Bros
Warren
Jan
6
26
50
—
Corp
Republic
—
Apr
Apr
60
—
—
Listed—Unlisted Issues
Jan
664
a38% a38%
8
8%
a28% a26%
a26% a27
24% 25
a41% a42 /8
—
*
Pennsylvania RR
Van
1,040
22%
•
Patterson Sargent
Radio
49
•
*
(Un)
Oil
22 %
50
Mfg
(Un)
Y Central RR
Ohio
—
14 %
70
1
*
•
*
-*
National Acme
National Tile &
N
—
—
BROKERAGE
FACILITIES
53% Feb
45
ALLEN & CO., NEW YORK
tamson & Sessions
AND
FAIRMAN & CO.
Apr
14 %
70
48%
20
32
COMPLETE INVESTMENT
High
43
Jan
32
a43
a44%
14% 15
—
•
43
31
31 %
—
•
"
•
Range Since January 1
Low
270
a43% a45%
al6% al6%
a43% a43%
43,/2
1
(Un)
Interlake Steamship
Shares
High
54
5
common
for Week
Range
of Prices
Sale Price
MAY 3
Sales
Week's
Friday
STOCKS
FOB WEEK ENDING
•
Co
Television
&
Farnsworth
Fitzsimmons
Garrett
WATLING, LERCHEN & CO.
General
I
Motors
—
X
A
Corp
—
a72
xo
common
'•
Goodyear Tire & Rubber Co com.
228
24
16%
621
14% Mar
90c
95c
1,170
365
45
—
Mar
20% Feb
Mar
85o
355
1.25 Jan
385
Apr
Jan
15
15
240
9%
9%
1,448
16%
16%
300
a74
559
70% Mar
70% Feb
140
61%
76
—
9%
2
(The)
Corp
90c
Bk__ __xoo
Radio—
class
Stores
1
_
Natl
27%
15%
—
15%
4
Merchants
&
27%
360
(new)
Electrical Products Corp
Exeter Oil Co, Ltd class A
Farmers
a86%
a 72"%
a737/a a75%
14% Mar
19% Jan
Jan
8
10%
10
Apr
17% Apr
Jan
Feb
Apr
Member*
New York Stock Exchange
Detroit Stock Exchange
Holly
New York Curb Associate
Chicago Stock Exchange
Development
Hudson
Hunt
1
Co
Motor Car Co
Foods
Inc
DETROIT
Intercoast
Jade
Telephone: Randolph 5530
Petroleum
Oil
8%
-XOC
Corp
1.30
Co
Lincoln
Mascot
Oil
Nordon
Detroit Stock
STOCKS
Exchange
Week's
Range
Friday
Last
Sale Price
Par
5%
1
Baldwin Rubber
17
Shares
Oceanic
Range 81nee January 1
Hiah
i
700
5%
17
4%
High
«
Jan
7%
Feb
15%
Jan
19
Jan
300
3%
Jan
5
22%
160
21% Jan
23
Feb
18%
395
16% May
23?8
Jan
Edison
Detroit
10
Navigation
7%
5
Gray
27%
6%
__
1
2
Detroit Steel Corp common
7%
27%
20
common
Iron
Detroit-Michigan Stove
Detroit
7%
820
28
1.993
6%
100
7
Apr
25
Jan
5% Jan
15
17
2,695
9
25
425
23
9% Mar
28
17
Mar
Feb
May-
27 »/a
Feb
%
Mogul
Frankenmuth Brewing
Friars
Gar
5
1
—
Wood
2%
Inc
1
Ball & Bearing
Hurd Lock & Mfg
1
Kingston Products common
2,489
130
33% Apr
6% Feb
4
Jan
Drug
(SS)
LaSalle
1
Pacific
Western
McClanahan Oil common
Rice Ranch Oil
Richfield
Chemical Co
Parke, Davis
1
common
100
15
May
250
23
Feb
410
28% Mar
11%
2.657
8
Jan
11% May
250
2,050
7%
Feb
9% Feb
2%
Apr
8
1
2
Prudential Investment
Rickel
(H W) Co
River Raisin Paper
Scotten-Dlllon
•
10
.—
Sheller Mfg new common
—1
Standard Tube class B com.,
1
Tivoli
1
Brewing
Udylite
United
17% Jan
Sierra
Oil
3
US
Radiator
Jan
6%
34
Jan
preferred
4
class
Apr
Textron
Jan
Transamerica
1,000
3%
Jan
5
2%
10,657
2%
Union
California
9%
475
6
300
44%
5%
4%
3,098
4
Jan
4% Jan
4%
550
4%
Apr
6% Feb
7
525
6%
Jan
8% Feb
13% Jan
Inc
Apr
3%
Jan
9% Apr
5% Jan
12%
7%
Jan
Western
140
36
Jan
5% May
44%
Apr
Yosemite
1,500
12
300
16%
,7
6
3,240
350
1,177
7
Oil
11
Apr
10
Mar
G% Jan
5
16%
Apr
9% Jan
•
Mar
8
14% May
ig%
16%
18%
14% May
18% May-
57
57
1.385
125
9% Mar
13
Mar
57
Apr
62%
39
40
40'*" 40
210
common-^-^i*—1
; 6%
? «•*£. 6%
Screw^oduci^ new cqm^^£^y 3% ,^|'3^ ,3%
„
Jan
Jan
May-
4% Jan
Par
Bros.
Corp.
1
of
Air
Lines
—
a63%
—
9%
common—
Berkey & Gay Furniture Co
Blue
Diamond > Corp—-
For footnotes see page
2478,
*
1
2
—
„
__
Feb
63
63
100
62%
Apr
65
Jan
a62% a63 %
175
59
Feb
63%
4
14%
Jan
1
27% Mar
al4
a28% a28%
a32 % a32 %
30
9%
10%
1,192
14%
28
—
—
—
—
Feb
Apr
Apr
Jan
11%
Apr
52 %c Mar
77 %c
Apr
8%
—
70c
75c
1,200
18%
19
2,615
4
500
3% Mar
7%
8
200
7%
Apr
10
Feb
30%
——
18%
61
a39%
31
270
25%
F^bj
31
Apr
61
61
41
53%
Jan
65
Feb
a39 % a40%
100
31%
Jan
39%
Apr
14%
19
Feb
4%
Apr
Jan
10c
3,000
9c
Mar
14c
Feb
30c
32C
35,040
19c
Mar
32c
19%
19%
440
May
Jan
37%
38%
1,679
31
31%
1,019
30% Mar
32%
Feb
a30% a30%
53
29% Mar
31 %
Jan
Feb
10c
32c
31%
17%
33%
20%
Feb
Feb
39%
Jan
58%
58%
804
55% Mar
65%
54%
54
56%
954
42 %
Feb
58%
11
10%
11%
2,167
7%
Feb
20%
22%
22%
Jari
19%
1,420
2,263
18% Mar
19%
16%
Feb
21%
Apr
23%
Feb
28%
Apr
21
Feb
27%
Apr
33%
Jan
33%
Jan
65c
Jan
fc»u*t
of Prices
3%
High
3,380
3% Apr
4
Apr
Oil
Apr
11% May
25
27%
27%
1,602
24%
24%
25%
800
a24% a25 %
53
65c
65c
400
8%
87/a
200
10c
11c
3,000
10c
May
18c
Feb
10c
10c
2,200
10c
Apr
20c
Jan
1
2.50
2.50
200
25c
6c
6c
__25o
14c
14c
2,000
1,000
1
Portland Cement
pfd
—10
.
—
1.05 Feb
•
Gold
Juneau
Mining Co
10
10c
Black Mammoth Cons Mng Co
Cardinal Gold Mng
Co
Cons
Chollar G
& S
10c
1
Mng Co
Imperial Development Co
Zen'da Gold Mining Co—
8%
12% Feb
Apr
2.80
2.05 Mar
Apr
6c
Feb
8c
Jan
12c
Apr
24c
Jan
17%
Jan
23
Feb
Unlisted Stocks—
Amer
Rad
& Stan
San Corp
•
al9%
American Smelting & Refining Co
•
American Tel & Tel Co..
100
al93%
Viscose
Anaconda
Copper Mining Co
—
14
Corp
50
__
.
—
al9%a20%
a68% a68%
190
al92% al94%
597
a71% a71%
47%
48
465
43%
Jan
51
15%
212
12%
Jan
15%
al05% al09%
390
20
68% Apr
194% Feb
66% Mar
Feb
186 %
50
Armour & Co (HI)—
15
.—100 al05%
25
(The)
Corporation
Barnsdall
Bendix
Oil
13
—
5
Corp
Bethlehem Steel Corp
•
—
a48%
109
109
Jan
a45% a46%
160
34%
Feb
1^/4
2,740
9%
Jan
33%
33%
450
a48% a49%
al04% al04%al06%
'
/V''jKfr
Feb fi'
Jaii'5-
14%
Feb
38% Jan
30% Mar
70
22%
Jan
30%
Apri
160
50%
Apr
Feb
50%
April?
98
112%
33
Jan
355
Shares
2,225
35
35
-834
5%
400
>863
*
6% Jan
Apr
35
4% Mar
An?
h
6%
Feb
Airplane
Company
H%ah
3% Mar
35
Boeing
Borden
Range Since January 1
• ■
•
-
97/
Jpr
Canadian
Case
J
I
Co—.
Fab
Service
A
110
20
45
a76% a76%
40
73% Mar
25
10
Co
Ju
22% Feb
18% Ma:r
19%
a46% a467/a
*
Railway Co
_
Caterpillar Tractor Co
Cities
1
33% Mar
90
a29
-25
Pacific
Co
a29
a55% a56%
5
15
—
19%
35%
35%
240
*
47
Feb
26% Feb*
w«<:
is v.
39% Mar-
Feb
10%
a30 a30%
5
Co
Aviation
a45%
10%
..
15
for Week
5%
9
27%
—10
Co
Baldwin Locomotive Works vtc
Sales
4
8%
19%
2
Inc
A T & S F Ry Co
Atlantic Refining Co
Week's
LotD
3%
40%
6% May
Angeles Stock Exchange
Barker
10
50c
common
Consolidated
Aviation
Bandini Petroleum Co
Apr
-
14,869
'
if-\
Sale Price
44
39
20
Jan
11% Mar
735
'
Feb
150
Mining Stocks—
Alaska
4,942
,
Apr
Mar
42%
39
Jan
14%
Friday
2.70 Feb
45%
Jan
Feb
14%
STOCKS
Jan
Jan
5%
...>|
Apr
75c
1.35 Apr
41
Jan
15%
39
•
Corporation
4
7
;40
37c
Jan
44%
12%
•
8% Jan
Feb
—•
of Calif
8
Jan
14
•
6%
17c
.1—1
Oil Co
Apr
15%
—
1.15
a44'/a a44 %
25
Sunray Oil Corp
6%
35
14%
Aircraft
'
1,093
—25
American
Wayne
10,430
45 %
—25
B
preferred class C
Southern Pacific Company
700
—
50
Walker & Co .A————
Warner
1.75
45
—
5%%
1
Preferred
1.75 Apr
1.05 Jan
1.60
1.70
1
Southern Calif Edison Co Ltd
25 %
•
common—
Jan
45c Mar
m
460
12
__
42 %
300
-25C
Corn
7
—
1
common
Shirt Distributors
31% May
55c
—15
4%
16%
816
55c
II30
4%
__
32
Jan
•
Stores, Inc
Security Company
Shell Union Oil Corp
44%
5%
__
31%
2,110
m
Safeway
6
4%
Jan
14%
1
44"%
9%
5%
4%
1.50
14%
1
Sinclair
15
2%
__
i
Products
Feb
14%
..
.
Trading Corp
Signal Petroleum Co Calif
29%
6
•
common
Peninsular Metal
1.15
Apr
11% Feb
•
common.
Ryan Aeronautical Co
Universal
Park
12,730
900
1
Co
Corp
Feb
24%
6%
3%
__
1.45
4
Oil
Feb
Mar
2%
•
Jan
1.40
1,900
10
common
Jan
Jan
6
3%
i
Packard Motor Car
207/a
al4
Oil Corp
Republic Petroleum Co
7
1
Products
30c
Feb
8,!4<*5
mm mm
7
5
1.050
44%
7
Feb
17%
8%
t>
8%
26.935
6%
3
3
20c
145
1.35
•
preferred
80
71% Mar
332
6"%
10%
__
2
3,500
Feb
73%
8
10
common
Wines
Screw
Masco
„
Pacific Lighting Corp common
Pacific Public Service common
Standard
Klnsel
9,350
25c
a21c
25
16%
15
11%
1.55 Feb
1.05 Jan
1.30
19%
7%
.25
preferred
1st pfd
Pacific Indemnity Co
5%%
10%
25c
1.05
al9c
—25
common
15% Feb
Jan
24%
__
Apr
Jan
7%
1
Co
12% Jan
29
1
Kresge
1.20
1
Corp
13
6%
__
*
2% Mar
6
__
10
Hudson Motor Car
13%
73%
6%
__
5
Lamp
Hoover
15%
26
Feb
4% Mar
400
3
13%
__
1
1
jts
150
33%
5%
14
__
10
Michigan Die Casting
Goebel Brewing
Hall
2%
3
Finance
General Motors common
Gerity
5%
__
Ale
General
33%
„
Mar
40
a21c
Warrants
Federal
33
Jan
8% Mar
Apr
7
Jan
24%
17
—
Mar
27
1
1st
1st
Detroit & Cleve
Oil
Pacific Gas & Elec
28
110
1
Inc.
Petroleum
100
1,085
CO
Feb
16%
16%
275
3%
22%
__
Aircraft,
29
38%
CO
1
(or Week
3%
1
Motors
5%
—
1
10
Brown, McLaren
Consolidated Paper
Continental
Low
1
Electric
Allen
of Prices
—
1
Co
Manufacturing Co
Ltd
Occidental
Sales
—1
Corporation,
Northrop
1.40
.IOC
Lockheed Aircraft Corp
Menasco
__
1
Co
1.90 Jan
19%
10c
Petroleum
1.35 Mar
1,050
37
37
X
Lane Wells Co
1.40
29
-6%
common
Hupp Motor Car Corp
Ford Building
1.40
•
Jan
73% Mar
v
35% Apr
f %
mM
:
Volume 163
'
V>
'
wt
THE COMMERCIAL & PINANCIAi; CHRONICLE
Number 4487
2473
OTHER STOCK EXCHANGES
FOR
RANGE
STOCKS
Friday
Week's
Sales
un
Rang*
of Prices
Shares
Par
Low
•
•
Commonwealth
Edison Company
Commonwealth & Southern Corp
':)■*» '4£#5^ Friday $ v*,
STOCKS'
for Week
Sale Price
Columbia Gas & Electric Corp
Commercial Solvents Corp
WEEK ENDING MAY 3
__
25
a35% a35%
4
4%
__
•
4
High
Low
High
12%
a24% a24%
480
12 %
__
10%
Jan
13"% Jan
Mar
24%
31%
Feb
35%
Apr
2%
Jan
4%
/
^
Par
United
$3
20
•
20
2,450
Apr
United Gas Improvement
Vultee Aircraft Corp
Continental Motors Corp
Continental Oil Co (Del)
l
5
Crown
5
1
a26
145
27%
18%
18%
554
17% Mar
23%
a46'/a a46%
75
a37 a37 Va
a7% a7'A
80
30%
Jan
40
Curtiss-Wright Corp
Class
1
A
490
7%
Apr
12%
93
22%
Apr
333/4
Electric Bond & Share Co
Electric Power & Light Corp
5
19%
Feb
26
13%
General Electric Co
•
•
10
20
•c
23%
23%
a265/a
a28
77
21
46
46
630
46
a53 a54%
10%
10%
125
a59% a59%
—
a26%
Feb
27%
51%
Graham-Paige Motors Corp
Great Northern Ry Co pfd
Interlake
Iron
__
*
Corp
1
__
10%
•
Corp
•
—
Tel
&
Tel Corp__
190
103/8
Apr
15%
59%
Apr
Kennecott Copper Corp
Libbv, McNeill & Libby
Loew's Inc
Robbins
&
Inc
225
13%
37%
465
36% Mar
415/8
25
23% Mar
31%
Feb
1,275
Jan
Jan
503/a
20% Jan
60
Apr
59
60
13%
13%
686
11%
Jan
15%
Apr
39
13%
39
215
33%
Jan
40%
Mountain City
New
York
North
Co_
Car
Radio
Mar
35%
16%
Jan
a35% a37%
390
313/4 Mar
35%
Apr
a26% a26%
50
Feb
26%
Apr
93/8 May
12%
Studebaker
Swift
&
Texas
50
U
S
a44% a45%
__
315
15%
78%
Apr
42
Apr
47
Feb
37%
Feb
42%
Feb
28%
Apr
Arkansas
Nat
Blaw-Knox
Week's
Co
Low
m
Stpel
Gas
of Prices
47%
...
*
com—
775
15%
Feb
183/4
Jan
31
Jan
39%
(D
Co
L)
Columbia
48%
1,326
16%
17
840
a54% a54V8
Apr
4 8 3/8
26
50
26%
12
12
12
-
Gas &
Electric common-
m
t
5
Brewing
Brewing
Pitt
Lone Star
.
Gas
McKinney
-
12
13
High /"•
37% Jan
•*
5% Mar
48 %
Feb
7% Apr
28
28
55
.
22% Mar
29%
11%
Feb
12 3/4
Jan
1,052
93A Jan
153/a
Feb-
34
Feb
•
260 !
Apr
100
25% Mar
7%
7%
135
7% Mar
19%
19%
218
15%
Jan
19%
Jan
11%'
i
12
110
10
Feb
12
Jan
15%
—
16
1,191
10%
'
—
—10
—
I
Mfg
Mountain
Fuel
National
Radiator
•
Fireproofiag Corp
new
Pittsburgh
Brewing
Pittsburgh
Plate
15%
—10
Supply
National
Co
San Toy
_
_
5%
__
10
.
11%
—
f>
common
Glass
8%
4
common
8%
9%
Jan.
12
53/4
Jan
16%
Apr
442
6% Jan
9%
Jan
580
11 »/2 May
12%
Apr
5%
470
4%
40%
42
42
43%
805
11
•
1
—
10%
11%
128
1%
—
—7
Jan
6%
Feb*
Feb
48%
Jan*
Feb
9
1%
1%
900
35C
19%
19%
193/4
145
183%
1
Springs
30c
193/4
16%
19%
2,128
5"%
1
Steel
35c
1
Mining
Standard
173/4
States
Common
Apr
153/a Mar
Glass
common
vtc
Jan
45
Vanadium
10
a52
a51% a52%
47%
47%
a45% a47%
133
38
Feb
46%
Apr
a77% a78%
150
6 5 3/8
Feb
75%
14% Jan?
19%
30c
8,550
2%
Apr
Mar
Feb
60c
Jan
Jan
24%
Feb
Jan
193/4 May
•
Alloys Steel
•
Westinghouse Air Brake
Westinghouse Electric Corp
17%
1,050
44%
110
40
Mar
46
Jan
373^
38*1/4
190
32% Mar
40
Jan
33%
37%
19%
44%
#
34%
321
32% Mar
39%
Jan
5%
Jan
19% May
Apr
Jan
1
__
Corp
•
100
Co
345
29%
Apr
33%
75
37%
Apr
39%
__
99
53
Mar
62%
Apr
23%
150
19 %
Feb
233/4
all7%al20%
125
100%
Feb
119%
al55%
al55%all5%
70
160 ]/4
40
265
23%
„
40
__
12%
Jan
Edward D. Jones & Co.
45
29%
Apr
3 6 3/4
Jan
5%
5%
340
4%
Jan
7%
Jan
a79
50
82 %
82%
242
80 %
Feb
96%
Feb
Jan
54%
Apr
33% Mar
51%
Feb
New
39%
Jan
St.
50%
•
A
St. Louis Listed and Unlisted Securities
jApr
:
a79
a29% a30%
5
Inc
Co
51%
Apr
160 %
Apr
__
—
Tel
Apr
40
5%
•
Pictures
-
all7%
•
(Del.)
.
50%
50 %
300
31%
36%
37%
1,090
34%
a33% a34%
233
__
—
Established
North
300
Motors,
Inc
23 %
60%
1
(F W)
10
24
60%
735
20%
Feb
26%
206
53
Feb
4th
1871
St., St. Louie 2, Missouri
Members
Feb
York
Stock
New
Phone
Exchange
CEntral 7600
Louis Stock Exchange
Chicago Stock Exch.
Woolworth Company
—
Apr
5
Corp
12%
com
Feb
a63% a64%
29%
__
10
Inc
29%
a37% a37%
29%
10
Carbon
Westinghouse Elec & Mfg Co
York
Bell Teletype SL 583
Chicago Board of Trade
Curb
Exchange Associate
60% May
Jan
SI. Louis Stock
STOCKS
STOCKS
Week's
Friday
Range
of Prices
Shares
Pa
Low
35%
American
Stores
American
Tel & Tel
Mfg Co
273/a
Jan
37%
Apr
Feb
195%
Jan
34%
495
30%
Apr
38%
Jan
18%
213/s
331
18% May
26%
Jan
20%
22
18%
Wheel Co
20 %
126%
126% 128%
195
199
22%
23%
574
24%
Curtis Pub Co common.
25%
2,899
20% May
28%
13%
140%
Jan
19% Mar
26%
27
27
140
25
1
13%
13%
81
11
Bank
Equipmt com
Mfg common
3
1
9%
620
8
Jan
50
48
Jan
50 3/4
Jan
10%
Jan
35%
Feb
common
22%
26%
Apr
Bldg
Burkhart
Century Electric Co
Coca-Cola Bottling common
Jan
53%
53%
53%
114
Jan
Falstaff
493/8 Mar
55%
Jan
Jan
Genera!
Motors
72%
71%
73%
1,018
70 %
Feb
80%
Gimbel
Brothers
66%
61%
68%
85
40%
Feb
68% May
15%
Lehigh Coal & Navigation
Lehigh Valley RR
15%
16%
2,367
12
12
12%
150
High
Low
5
Co
9
Brewing
,
9%
10
1
32%
Brew
14% Mar
17%
17
Jan
9%
32%
150
8%
15
32 3/4
Apr
Mar
27
14
May
Apr
Feb
Feb
22% Mar
30
Apr
Feb
108
32
Apr
Jan
8
Jan
135
21%
120
50
5
29
29
50
100
108
108
20
24%
15
22 %
5%
5%
10
5%
49
50
676
46
46%
50
*
Shoe common
105
24%
100
Preferred
International
26
68
23%
55
Preferred
Apr
Apr
23
55
Hyde Park Brewing common
4
Hydraulic Pressed Brick common—100
Jan
9% Mar
Mar
1
Jan
12
49
common—*
common
Griesedieck-Western
9
49
Feb
Feb
117%
Range Since January 1
Hiah
Investment common
Aloe
S
Huttig S & D common
Light
Electrifl Storage Battery
Power &
Low
High
185 %
323/4
Chrysler Corp
LOW
593
32 3/4
common
High
665
13
Baldwin Locomotive Works v t c
Shares
American
A
Range Since January 1
37%
193%
for Week
of Prices
Par
192% 194%
100
Rauge
Sale Price
for Week
Sale Price
Sales
Last
Sales
Last
Exchange
Week's
Friday
Philadelphia Stock Exchange
Delaware
tour
95
7%
12
—
Candy—
Fort
United
a46%
Corp
Budd
Range Since January 1 v//
•.
48
Feb
•
10
<E G)
-Sales
Shares
High
7%
—
<
Clark
Renner
25
J)
Co
Budd
188
Feb
20%
25
Inc
Corporation
Willys-Overland
-
30% Apr
for Week
Par
Ludlum
Pittsburgh Screw & Bolt Corp
Jan
Railroad
Union
1,055
33%
47%
__
__
__
Jan
Jan
Lines,
Bros
1?
33'%
__
*
60%
50
27%
26%
__
15
50
a63% a63%
__
25
Aircraft
Warner
203
26%
•
Corp
Rubber
Western
a41% a42%
a41%
25
Steel
52
(Ind)
Pacific
S.
a79
(N
Union
U.
1,170
193/4
76
Carbide &
United
9%
a77%
__
•
Co
Air
9%
__
25
Tide Water Assoc Oil
United
__
1
Co
United
a36
*
Co
Union
Feb
Feb
Co
Brands,
25% Feb
47% Mar
20
'583/4
Jan
13 % May
•
Sears, Roebuck & Co
Socony-Vacuum Oil Co
Oil Co
4
26
Corp of Americ.a
Steel Corp
Oil
Apr
100
Republic
Standard
3%
717
•
Standard
600
13%
•
Ry
4
26%
Co
Standard
4
May
May
13 %
Inc
Southern
May
98
26 %
Co
Phelps Dodge Corp
Oil
51
Jan
13 'A
10
Pictures, Inc
Pennsylvania Railroad Co
Pure
Jan
76%
26%
Paramount
Pullman
47
4
•
Motor
112
355
1
Inc
Co
Packard
51
98
•
Aviation
American
Oil
51
__
5c
RR
Central
American
North
Ohio
Copper Co
Apr
22%
40
Friday
Apr
98
__
•
22%
39% May
22%
39%
7% Jan
,
Feb
__
18
Apr
Last
Duquesne
McKesson
Montgomery Ward & Co. Inc
223/4
Sale Price
Allegheny
16%
*
7
common
1,222
Jan
Pittsburgh Stock Exchange
Jan
a25% a25%
•
29%
—
593/4 Mar
37%
9
Jan
4
•
;
50% Feb
16%
16%
International Nickel Co of Canada—•
Int'l
47%
39%
Feb
125
:
Apr
May
50% Feb
Coal
STOCKS
General Foods
195
28%
28%
Westmoreland
Apr
■
53%
Feb
100
High
52%
Feb
a21%a21%
__
Low
307
Apr
18%
__
Range Since January 1
•'
-
5%
Jan
__
Corp
a24%
Feb
32% Jan
a24%
—
Zellerbach
1
Sales
High
5*5
Westmoreland Inc
Cons
Shares
Low
•
Corp common
:
preferred
for Week
Feb
50
.
Sale Price
Week's
Range
of Prices
Last
Range Since January 1
473/8
365
43%
Apr
Apr
Mar
Jan
52'%
Jan
50
Jan
National Power & Light
Pennroad
11%
-
8
Corp
Power &
Penna
Light
10%
7%
26
Pennsylvania RR
50
1138
805
12%
3,611
7%
Apr
9%
Jan
425
22%
Feb
27%
1
7
205
5
Jan
9
*
26
26
26
50
25
Feb
26
Mar 4.
0
25
25
May
Jan
41%
42%
3,046
47%
65
9% Mar
41%
Feb
47%
Feb
Monarch
Knapp
Salt Manufacturing
50
40% Mar
47
Steel
31%
Apr
31
Jan
Philadelphia Electric Co common—
$1
preference common
:
4.4% preferred .—-100
Phila Elec Power 8% pfd
;
25
30%
30
30%
7,534
20
30
29%
30 %
1,746
25%
Philco
33%
Corp
3
Reading Co common
Scott Paper common
Sun
•
<!'79!
Tacony-Palmyra.Bridget
a Class
A participatingTonopah Mining «i—2—;
Transit
Invest
Corp
121
Feb
27%
28%
775
27% May
32%
Jan
33%
35%
477
33%
Apr
46 %
r
common
page 2478.
common
Feb
Meyer
Blanke
Midwest
Mo
common
Piping
& Supply com
Portland Cement com
Rice-Stix
Dry Goods
1st pfd
Jan
25
25
150
20
Feb
17
17%
100
15
Mar
20
26
26
38
24
Jan
27%
198
26%
Apr
33%
56
450
52%
Jan
59% Mar
73%
73%
75
64%
Feb
75%
Apr
30
*
*
r>
,!\:
J%
.—!•
25
62
62
10
3%
3%
500
2%
2%
56
3%
4%
2,453
52
Jan
62
Apr
Feb
95
10
375
Feb
28
Mar
$6
May
32
Jan
40
May
24%
Jan
'29
Feb
152
Apr
23
Jan
152
10
140
Apr
23%
24
475
19
Mar
87
10
15
Serv
26%
18%
Jan
88
260
65
Jan
88
30
23%
1
5
1
Pub
36
25%
30
18%
Jan
30 %
Apr
32
Jan
50
Apr
152
100
"A" com
Louis
30
36
25%
25
Wagner Electric common
26%
54%
6%
8
Scruggs-V-B Inc common
Sterling Aluminum common
Stix, Baor & Fuller common
St.
26%
55%
25
see
Jan
com
45
61
Preferred
For footnotes
118%
Prod
Apr
•
•
vul
27
Apr
50
Oil
3'sk.
1193/4 120%
Mar
common
Clay
Laclede-Christy
Laclede
Penna
6%
Jan
8%
26%
47%
41%
Jan
Johansen Shoe common
Johnson-S-S Shoe common
50
45
48%
47%
;j
49%
784
42% Mar
25%
Apr
May
49% May
Bonds—
3%
Apr
4%
1
Jan
4%
Feb
St Louis Pub Serv
3%
Jan
43/4
Feb
Scuilin
Steel
3s
25-yr conv inc—1964
1951
.
142
142
148
100% 100%
$17,800
4,000
117
Mar
100
Apr
151
Apr
100%
Apr
•
THE COMMERCIAL &
2474
Monday, May 6, 1946
FINANCIAL CHRONICLE
CANADIAN LISTED MARKETS
RANGE
FOR WEEK
ENDING MAY 3
Week's
Friday
STOCKS
U>k
Toronto Stock
Exchange
Range
Sale Price
of Prices
Low
Par
STOCKS
Week's
Friday
Last
Range
,
Sale Price
of Prices
Shares
Par
Abitlbi
Power
&
$1.50
preferred
preferred
Acadia-Atlantic Sugar common
$2.50
Preferred
Acme
Low
•
20
20
•
•
Paper new com
17
Range Since January 1
High
LOW *
High
12.665
Mar
14
18 ¥2
Canadian
Oil
45%
Malartic
•
95c
16%
95c
h>
Apr
Canadian
38% Mar
40 ¥2
Apr
Canadian Oils
23
155
20 ¥4
Jan
24
Jan
Canadian
Pacific
106 106%
25
103 ¥2
Jan
Apr
Canadian
Tire
Feb
Canadian
Canadian
22%
22'%
9c
9c
9%c
6,50u
40
40
42
300
890
116
119
2.02
2.05
2,450
30c
30c
32c
10,200
•
21V2
21%
22%
101 102 %
18 ¥4 Mar
8'/2C Mar
21
106 ¥2
11%C
Jan
112
1.58
42
Apr
Apr
28
120
May
2.10
54c
Apr
"
Castle
Feb
26
Feb
70
100
Jan
103
Apr
129 ¥2
Jan
225
Wallpaper
Canada
of
Aluminum
100
100 %
106
108
230
1
pfd
1.75
1.75
1.85
5.200
275
Jan
106
1.70
Apr
29%
23'%
0
22 %
23
*
class A
22%
29 %
30
23 %
23
30
Wirebound
Gold
•
Boxes
Canadian Oil
uigio
33c
33c
34c
10,000
25c
Feb
1.03
1.00
1.08
6,400
95c
Mar
9.80
9.90
1,300
9.80
Apr
Anglo Huronian
*
Anglo-Rouyn Mines
1
1
•
1.45
1.38
1.49
4,300
12c
12c
15c
6.300
1
1
3.90
1-62
3.90
1.60
3.95
1.85
1
Quartz
Trethewey
Central
Gold
Patricia
109
2.40
Mines.
Central Porcupine Mines
2.38
2.35
Feb
Chateau
Apr
Chemical
Gai
6
12c
12c
15c
23.550
12c
1
71c
71c
77c
5,500
61c
——1
19c
19c
20 c
3,000
18c
Mar
Mines
Gold
Apex Consolidated Resources
38c
1.36
Apr
Mines
Atea
*
100
Argus Corp Ltd common
A«/a% conv preference
10
io¥e
10%
1.30 Mar
13c
Feb
1.75
Jan
30c
Jan
Apr
23c
*
85c
Jan
Apr
6,330
8 % Mar
102
85
98¥2
Jan
2%
2%
1,616
1.90
Jan
2%
65c
1 96
Chromium
•
1-40
l
17c
Mines
CItralam Malartic Mines
Cochenour
Gold
Mines
1
Mining
Athona
Mines
24¥2C Feb
12
102
3 ¥4
Jan
Apr
Plow
Mines
25c
1
Yellowknife
Mar
55c
65c
50c
1.01
50c
5
Coniagas Mines
Coniaurum
66c
1.05
*
Mines
Commonwealth Petroleum
Mines
Jan
Consolidated
Mining
•
12c
Jan
22c
Jan
Corrugated Box
•
18%
56c
63c
272,300
52c
Jan
87c
Feb
-100
104%
•
31 %
1
50
40c 45 %c
68,920
32c
Jan
50c
Apr
35c
1,000
35c
Mar
55c
New
common
preferred
.
Cosmos Imperial Mills
Cournor Mining
Apr
Crestaurum
Feb
Feb
Orolnor Pershing Mines
Crow's Nest Pass Coal
72c
4.50
Mines
31c
32c
34c
31,550
26c
1.15
Mar
Jan
27%
Apr
Davies
40
Apr
Davis Leather class
37 ¥2
Apr
28c
Apr
24
9,100
15c
1,910
21%
39
500
36
60
32¥z Mar
25c
27c
26.900
19 %c Mar
23
26c
•
23%
205
Mar
Jan
3,300
30c
Apr
63c
Mar
Jan
16
7¥4
Jan
43c
1.41 Mar
1.30
Apr
Jan
1.90
0 an
2.18 May
Jan
1.90
Mar
Mar
43c
3.90 Mar
10,750
Apr
Jan
5.00
Apr
Mar
15
290
Jan
35c
70c
1.17
50c
67 ¥2c Mar
Mar
42c
2,000
2.30
Apr
61c
13,250
*0,550
1.05
Jan
1.38
Apr
Jan
51c
Apr
2.85
Feb
1.95
Mar
2.75
Feb
16 ¥2
Jan
78
Jan
2.15
700
22
Apr
96
May
Feb
19
Denison
28 ¥2
80
5.950
49c
60c
Apr
Apr
1.95
Feb
Jan
May
19
Apr
104% May
32
Feb
70c
Feb
Dickenson
7%
7%
7%
50
5%
Jan
7%
Apr
1.00
1.14
36,950
1.01
Apr
1.64
Jan
__
Distillers
1
1.25
1.25
1.32
9,235
1.76
Feb
Diversified
Apr
Apr
Dome
1.25 May
•
46
46
90
39
Jan
49
*
39'/b
39%
41
260
31
Jan
41
2.21
2.12
2.25
208,275
45c
Jan
198
200
497
181
9,550
1.22
12,100
1.01
Apr
50
70
43 ¥2
Jan
86c
Feb
89c
95c
2.00
Jan
86c
12,100
2.00
1,000
19,500
1.67
Feb
Feb
1.15
Jan
1.65
Jan
55
Feb
3
13c
14c
12c
Apr
20¥ZC
Jan
•
31%
31
31%
385
29 ¥2
Jan
32%
Apr
15%
15%
15%
265
14
Jan
16 ¥4
2.41
2.40
2.60
2.700
1
24c
7c
30c
2,367,000
1.60
Mines
31.750
__
Lake
Red
Jan
2.30
200
Apr
Mar
Belleterre Quebec
Berens River
r
l
12 %c
13c
1,550
12c
Mar
15 %c
90c
90c
600
90c
Apr
1.45
Jan
Bertram
5
51
47
52
805
30
———.1
70c
70c
70c
7,700
1.45 Mar
Feb
Feb
3.05
30c
May
1.90
Jan
1.48
Apr
1.58
1 95
1.03%
1.20
4,785
1.15
1.23
1.16
1.45
82.300
91 %
Apr
Feb
1.05
96c
1.10
59,850
71c
Jan
1.90
Apr
Ltd
26%
Feb
Jan
26 %
10
28
25
__
*
__
28
28%
1.515
26% Mar
32%
28
1,920
24%
Jan
29 %
Apr
15%
16
240
13%
Jan
16
Apr
11 %
12
375
10%
Feb
12
Apr
54%
•
Bank
Dominion Coal preferred
Dominion Dairies common
.
113
54%
15
50
Feb
54%
Apr
31%
Apr
39
Jan
7%
Jan
Jan
1
Feb
Mar
1
common.
Mining
Mines
5c
1.18
Seagrams
Dominion
1.85
•
Discovery Yellowknife
47%
Mar
64c
1.15
l
Nickel
1.02
199
Jan
188 ¥2
62c
.
89c
•
A
B
■>
100
44 %c
•
Petroleum
Class
1
Telephone of Canada.
Apr
Apr
18c
26%
30
*
Aircraft
Delnite Mines
Bel I
30c
34c
28c
Jan
26
*
1
24c
36
1
Jan
40,200
48%
l
Cub
Feb
16C
26¥2
38%
10
Yellowknife
3.00
17
64c
-
58c
Mar
.38%
1
95
100
Crowshore Patricia Gold
B
4,050
Jan
1.55
Class
F6b
2.10
2.50
Mar
Mar
1,500
7.25
Beaulleu
Apr
1.50 Mar
2.35
104
12c
1.92
Beatty Bros class A
4.40
4.650
10
1.25
Jan
Beattie Gold Mines Ltd
Feb
2.80
2,725
Jan
1.25
May
Exploration & Radium
May
8
•
Mar
Class B
Apr
30
551
184%
Con west Exploration
98c
Bear
30
Jan
Apr
1.70
57c
Ba'•hurst Power class A
Apr
25 ¥2
18%
104% 104%
31 Ve 31%
49
53
100
Jan
18
4,867
„•
21
115
1.19
Consumers Gas (Toronto)
62c
130,675
Base Metals
285
156 ¥2
Apr
Aor
325,350
Toronto
Jan
11,920
Mar
12 ¥2 Mar
93c
Bank of
Apr
25
1.35
68c
1.10
10
30
227
30c
5.60
10
Jan
20% Mar
3.618
2,490
98c
Scotia
Feb
26
96
186
153,400
5.45
Nova
Jan
24%
250
200
261,446
85c
Bank of Montreal..
Feb
1.35
'
185
6,169
45c
98c
Bankfield Consolidated Mines...
Jan
May
18
Jan
2.05
1.65
5.45
Bank of
19% Mar
21%
17%
35c
—lo
95c
13 ¥2
1.95
__
5
Smelting
&
1
Mines
Jan
18%
46
May
5,700
1.325
6.097
21%
1-95
"
Bakeries
1
Bagamac
2.30
~
17
40c
1
Apr
May
Apr
Aumaque Gold Mines
Mines
Feb
29c
18 %
1
Lake
Colomac
Aunor
Geld
--
36c
1
Aubelle Mines Ltd
Mar
500
4.00
4.10
1.30
58c
1
Mines
Yellowknife
Atlas
54,600
Mines—.
Co
12c
1
15
33
15c
43c
17 %
1
Astoria Quebec
200
945
12,500
1.57
1
10
Asnley Gold
43c
22%
20c
40c
4.20
18%
94
183
40c
........1
Armistice Gold
Arntfield
Ashc'own Hardware
35c
23
Feb
145
4,000
271,593
200
16c
40c
40c
•
Gold
x
•
Wiilans
Cockshutt
Consolidated
Arjon
Jan
17
Mar
Mar
12c
100%
Warrants
19 ¥4
Jan
Coin
Porcunine Gold
Aquarius
1,667
3,355
12 12%
65c69¥2c
1.50
2.18
1.40
1.40
12%
1
Wines
Research
28c
30c
29c
3lc
1
Mines
Coastal Oils
Aiibiey
29%
—
Chesterville Larder Lake Gold Mines—1
1
—•
Yellowknife
American
20 21%
20%
*
Centremaque Gold
Amalgamated Larder Mines
18%
Apr
222
225
25
Ry-
B
Cariboo
Jan
20
101
220%
Jan
Apr
Jan
30c
480
—•
common
1.00
17
•
175
5,025
100
Ltd
16
46
Locomotive
39%
2.02
Preferred
Aluminium
16
Canadian
39
106 ¥2
1
Gas
Mines
Algoma Steel common
com
High
Low
2,120
12
Apr
19%
100
<S;
A.ger Gold
Alcohol
B
39
——
Preferred
AJax
Industrial
16
41.4
Class
Class
common
18 %
23
18%
*
20%
*
Shoe
Surpass
Agnew
a__*
18
21%
17%
•
common
A
18%
20%
•
Gas
Class
for Week
Products
Food
18
22%
17%
*
Canadian
Rauge Since January 1
High
Cftnitdlaxi Funds
Sales
Sales
for Week
Shares
Sons
&
Bevcourt
Gold
Feb
65c
Mar
52
92c
May
Jan
Dominion
Fabrics
Ribbon
•
....
Gold
17%
30c
1
18
1,180
•
33
32'A
34
685
•
11%
10
11%
1.275
Magnesium
Malting
50
22c
22,400
38c
10,406
30c
Jan
Jan
18 %
14
19c
Apr
Dominion
Scottish
Steel class
30c
Feb
Dominion
Stores
Tar
May
30c
Apr
Bonville Gold Mines
1
18c 18 %c
2,000
13c
Apr
Boycon Pershing Gold Mines
•
22c
6,500
20c
Mar
25c
50c
Preferred
♦
100
__
450
25
25%
104%
Jan
106
Feb
Jan
5%
16%
16 %
18
27%
27%
28%
common—*
26
25%
26
26
25
26
Feb
18 %
Apr
28%
Apr
23
275
1
900
-
Jan
Feb
4%
845
5%
1
B
7
12% Mar
1.666
•
20
100
25
Investors.^
Apr
Feb
Dominion
Jan
VTC
&
Chemical
preferred
23 % Mar
30%
Feb
26
Apr
25%
25%
25%
140
25
Apr
17
100
25%
Cordage preferred
•razillan Traction Light & Pwr
British
American
Oil
British
Columbia
Packers
17
100
13
Jan
17%
Jan
1.05
Mar
1,85
Jan
1.60
Jan
57 %c
Apr
Apr
28 %
11,630
15
415
15
26%
28
2,195
•
50%
50%
52
490
•
common
28
33%
32%
34%
1,080
Apr
18%
Feb
27%
Jan
Mar
30 %
Jan
Donalda Mines
1.O6
1.05
1.15
13% Mar
15%
Apr
Duquesne
I
1.10
1.10
1.25
11.100
Apr
1
39%c
39c
47c
93,400
29c
Apr
50c
41c
59c
9,100
38c
Jan
62c
Feb
s%c
8c
9c
4.000
7%c
Apr
13c
Jan
25
25% Mar
Jan
52%
28
Jail
34% May
1
Mining Co
Gold Mines
Apr
East Amphi Gold Mines
East Crest Oil
—
21.700
•
,
*
..
Oil
Porcupine Mines, Ltd
duffadison Gold Mines
a
1/,
4%
4%
2.420
5
Jan
East Malartic Mines
1
2.07
2.01
2.25
11,500
39c
38c
42c
49,000
35c
Mar
55c
Jan
East
1
3.60
3.55
3.75
14,680
3.50 Jan
55c
55c
59c
16,300
55c
Mar
72c
Jan
7%
7%
13%
1,255
7% May
14%
15
46%
235
13%
46%
100
43
90c
98c
25,675
90c
Mar
79c
May
29
Mar
3%
Apr
Sullivan
Mines
new
common
\
1,50
1.46
1.57
Apr
Buffalo Ankerite Gold Mines
Easy Washing Machine
•
6 40
6.30
7.00
2,825
6,10
Jan
II
Feb
Economic
duiinio
•
33c
31c
35c
13,700
28c
Mar
45c
1
30c
30c
32c
19,620
30o
Mar
97c
Feb
_•
32
32
33
575
23% Mar
7c
7%c
3,500
4%c Jan
40-700'
1.20
Jan
1.64
Elder
ijtiriington
Burns
Steel
class
co
»
-Class B
*
13%
14
190
13
26'A
26
26 %
205
22%
•
Calder Bousquet Gold
Mills 2d
13 y2
•
A
...
25
15
17
307
11
9,500
1
29c
26c
30c
17%
18%
285
2-29
2.25
2.35
5,600
_1
pfd
is ¥4
*
Caldwell Linen
37c
36c
-
>igary & Edmonton
Caiman Flin Flon—
...
34% Mar
9c
May
4.60
Jan
Jan
15%
Jan
Gold
Mines
Electric
81c
class
29%
A
Mar
14%
Apr
Falconbridge Nickel
Feb
26%
Apr
Famous
18%
Apr
Fanny Farmer Candy ShopsFederal
2 (5c
Apr
44c
Feb
17
Jan
19
Mar
2.10 Mar
2.95
Jan
41c
20,000
31c
Mar
44c
Mar
36c
5,200
31c
Mar
56c
Apr
15%
Jan
Mar
47%
Apr
1.38
Jan
2.90
3.10
6,300
*
7%
8%
535
50
80
80
25
20%
24%
8.665
2.40 Jan
3.30
Players
•:%
common
B
_
ua Cement Common—
Preferred
44,300
30
157
Grain
»
common
5.30
1.310
18%
19
3,335
12
59
66
2,985
48%
8%
8%
8%
100
Kirkland
•
Fleet
Mining...
115 116 %
15c
17c
23
6%
76
14%
Jan
Feb
9%
82
1.45
Jan
6%
6
6%
1,185
27
26
29
5,990
41
Foundation
Jan
146
15
131
Jan
148
May
Apr
110110%
49
106% Mar
III
Jan
28
30
29
85
24%
Jan
60%
61%
*
12%
12%
30
*
43
44
115
36
20%
21
200
14% Apr
198
201
84
•
B
32
32
32
5
32
•
31%
30
31%
200
30
;
Co
68
68
4.50
4.35
4.55
Canada
Steamship
common
Preferred
Canada. Wire & Cable class B.
Canadian Bakeries common
61%
Power
•
19%
18%
19%
267
110
110
110 110%
52% Mar
62
Jan
5%
12
12%
Feb
common
5%%
Mar
Jan
44
Apr
21%
preferred
preferred
General Bakeries
—
■
1st
Jan
205
Mar
19
20%
240
17 ¥4
Jan
23
Jan
52%
52
52%
372
47%
Jan
53
25
25
Mar
28
Jan
Giant Yellowknife Gold Mines:—
10
10
15
12
Feb
22%
22%
23
1,515
18%
Gillies Lake-Porcupine
Glenora Gold
25
25
.26%
8.666
20
•
27%
70
178
24
9% Mar
Jan
Mar
23% Mar
28%
Class A
Canadian
_•
*
775
22% Jan
28
143
25
Jan
27%
27
430
22
Jan
27
17%
18%
22
22%
1,005
4,134
67
18
22V2
28
27%
26%
Cot:
25%
27%
20
preferred
Canadian Car & Fdry common
common
•
67
10
-
Preferred
—
.......
i
see
110
52c
10,000
24c
7%
Jan
Apr
Jan
Jan
Feb
32%
Jan
Apr
32
Apr
Jan
33
Feb
Jan
May
75c
Mar
68
16% Mar
5.55
May
Feb
4.15
Jan
14
Feb
35
105
Jan
111
Mar
75
103
Jan
111
Mar
6%
7%
14
5
18%
19
100
107 ¥4 107%
6%
15,400
14
6%
s
General Products Mfg class A_Z_
General Steel Wares Common—_
Preferred
c
—
90
Apr
19%
7%
Apr
100
10% Mar
15 ¥4
105
Apr
Jan
14
Apr
May
20 ¥2 Feb
107% Apr
8.75
Feb
7.00
2.381
Mar
17c
Apr
25c
Feb
8c
Apr
22c
Feb
57C
Jan
88c
7.10
7.30
20c
18c
20c
13,000
—1
8%C
8c
9c
28,500
65c
65c
69c
19,041
1
28c
28c
30c
10,200
2RC
Feb
39c
Feb
1
56c
56 c
65c
26,500
56c
May
87c
Feb
1
lie
lie
15c
7,600
9c
Jan
25c
Jan
94c
—
7.15
—1
Gold
94c
96c
6,600
90C
Jan
-1
.
Feb
May
Apr
May
17% Mar
20% Jan
23
Feb
59
68
Goldale Mine
•
——
Goldcrest
Gold
—
Eagle Mines
Goldhawk
Apr
Feb
1.30
Jan
Feb
1
45c
45c
50c
13.900
45c
May
79c
Jan
Golden
1
27c
27c
30c
24.800
24c
Mar
40 ¥20
Jan
2.65
2.65
2.S5
11,400
20c
23c
5.100
Gate
Mining
100
Canadian Dredge
For footnotes
9%
120
Golden Arrow Mines
Celanese
'
••T
Feb
Apr
May
Mar
Apr
•
_
*
—a
19
,
41
Canners common
preferred
Jan
Jan
Mar
6.35
191/4
66
Feb
God's Lake Mines Ltd
Canadian
100
100
;
—_
__
.10
Canadian Breweries common.
Jan
54
414
0
20%
_*
Commerce4..
Apr
Mar
45c
950
—•
-.
100
Mortgage.
5%
26
50
•
Gold
50
Permanent
Bank
50c
Exploration
Fraser Co.'s
•
Canada
Canadian
51c
Frobisher
Francoeur
„•
,
Jan
Jan
28
Canada North Power
Class
24 %
146
110
•
class A
14c
*
Co of Canada class A_
Jan
146
Canada
Packers
36
Mar
100
Malting.
90
155
16c
Gatineau
Canada
5%
460
21.200
1
Aircraft
Ford
100
Canada Cycle Motor {preferred
Canada Foundry class A
1.05
5.30
18%
63 %
common-
Class B
Bread
93c
5.30
new
Preferred
Federal
Feb
f
.Class
79c
29»/4
Jan
'
Canada
15
91c
Mar
32c
;
English
-
25
Mar
1
-aimont Oils
Campbell Red Lake
*
Investors
Eldona Gold
Building Products
Bunker Hill
„
2.01
3.55
Jan
Canadian Gold Mrnesa
Buffalo Red Lake Mines
,
1.10
1
_
Eastern Steel
;
_•
common
28%# Jan
38%
Dominion Woollens
•
..........
iritish" Dominion
uroulan
10
•
British Columbia Power class A
B
4,765
27
26%
26%
5
15%
27
com—*
Brewers & Distillers
Class
14%
143/4
25
26% Mar
Duvay
Brantford
14%
26%
105% 105%
15
26% May
Jan
30c
30 %c
New
Bralorne Mines, Ltd
__
21% Mar
Apr
Jan
12
''
common
45c
Mar
12
14
19c
20c
21,648
14
1
Mines
29c
31c
16%
*
common
Bobjo Mines Lt'd
Bonetal
3OV2C
50
Dominion Foundries & Steel com
Dominion
Blue
1
pfd
Dominion
Dominion
Bldgood Klrkland Gold
Biltmore Hats
1st
'
.
1 11
page
s/iiaii
'
1
2478,
43%
43%
43%
210
40%
Jan
43% Mar
Golden Manitou Mines
>
26%
26
26%
450
24%
Jan
30
Goldora
mrnrnmlmmarniimmmmmmmmim
Apr
Mines
a
1
__
2.00
19C
Jan
Mar
2.90
35c
Apr
Jan
-,l
.....
Volume
,THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4487
163
f4fa
CANADIAN LISTED MARKETS
RANGE
Friday
STOCKS
Last
Sale Price
1
Mines
78c
FOR WEEK
ENDING
MAY
3
Sales
STOCKS
Friday
for Week
Saitge
Shares
of Prices
Low
Par
Goldvue
Week's
Lm«
Range Since January 1
Low
High
High
61.400
59c
Mar
9c
5.500
7c
Jan
115 lie y2
435
99 y2 Mar
185
53 %
77c 83 %c :
Sale Price
Par
.
Modern Containers
common
12 %c Mar
Monarch
new
116% May
New
1.17
Apr
•
for Week
Shares
Low
;
4
Week's
Range
of Prices
1
40
40
15 %
Sales
Range Since January 1
High
i
15%
i
40
16%
High
120
38
Feb
11
Feb
17
100 101%
65
95
Jan
65C
68c
9.100
61c
Mar
23
23
22%
Jan
21%
.Apr'
-42
490
*
uooufish
Goodyear Tire
7c
common—*
50
116'2
*
30%
30 %
34 y2
1,845
15
Jan
*
62
57%
65
3,337
42
Jan
65
0
13 y2
13%
30
11%
Jan
15
Mar
1
Rubber
&
Preferred
Great Lakes
48c
54c
1,200
45c
Mar
60c
Feb
Morrison Brass
16%
17 Ve
2,125
14
Mar
17%
Feb
Mosher
Paper common
Preferred
Great
,
West
Saddlery
Gold
liunnar
7c
1
Mining
com
Ltd
Mines
Gypsum Lime & Alabastine
•
56
16%
56
56 %
Jan
Knitting
100
preferred
100
Apr
Moneta
Apr
Montreal Light Heat &
Montreal Locomotive
57
35
May
Moore
Porcupine
Corp
-
66c
x.
.
Power-
•
Long Lac
25% Feb
1
23%
21%
2.020
7,445
20% May
217/a May
80%
525
70
Jan
-80% Apr
6
6%
Apr
27c
34c
1,080
13,500
6
34c
•
79%
6%
-
20%
80
.
common
Hahn
Hallnor
30
5y» Mar
8
Apr
National Breweries
Apr
National
*
8
8
19 %
19%
19%
50
11c
10c
11c
11,300
10c
May
18c
Jan
6C
common
8
4
Brass
Preferred
5c
6c
10,000
5c
May
10c
Jan
19% Mar
20
5.20
5.20
200r
4.70
Jan
6.00
Feb
10%
10
10%
545
9%
Jan
12%
27c
Apr
7
Apr
45c- Feb
21
21
35
21
Apr
15'/2
Bridge
Hamilton
14 y2
15%
10,105
Cotton
.
National Petroleum
Hard
Rock
Gold
Harker Gold
18% Mar
Hedley
Heva
9,610
85c
Apr
23c
17,300
11c
Apr
31c
20c
Mar
35c
25c
29c
34,832
1.75
1.95
7,110
Oil
Howey
Hudson
Hugh
16c
16c
18c
3,500
4
1.75 May
2.70
A
30
30
30
55
Apr
24
'
M* 0%
20
Apr
30% Apr;
Feb
29
New
Jan
New
Jan
Nib
29%
29
29%
1—1
20c
Apr
Feb
32
Mar
Jan
30 V*
Mar
11c
1,665
2.60
2.50
2.66
15,650
1
-
Bidlamaque
49C
45c
50c
9,100
Calumet Mines
Jan
Nicholson
Jan
Mines
—*
18,000
19c
Mar
30c
Jan
Norbenite Malartic Mines
1
800
35c
Mar
69c
Jan
Norgold
1
1.85
2.24
14,000
3.60
Jan
Normetal
50c
55c
141,100
Jan
Norseman
8c
8c
2,000
24
25
295
8c
Mar
14%c
Jan
25 y2
Jan
Northland
19%
Feb
Northern
4.40
Jan
Jan
6,276
3.05 Mar
28c
55,700
3.15
3.10
25c
21c
Jan
Mar
20c
Mar
10c
North
Inca
6,500
60c
Jan
24c
25,200
18c
Mar
21c
24c
20,600
20c
Mar
68
68%
65c
75c
12,700
63c
Mar
10c
12c
5,000
10c
Mar
1.70
1.78
24,974
20c 22 %c
36,700
20c
71c
78c
26,800
45c
Feb
10,000
12c
Mar
22c
—
1.72
21c
Mines
1
Mines
72c
•
Canada
Mines
-
-
•
1.00
4
Preferred
Apr
95c
12c 12%c
—
_•
North Star Oil common
35c
8c
1.05
70c
Mines
20 y2 Mar
3.25
16%
Corp Ltd
63c
1,685
15%
Mining
Mar
15
15%
Mines
95
22c
68%
24c
45c
62c
22c
Noranda Mines
Apr
3.25 Mar
Jan
Mar
95
40c
1.85 May
1.50
40c
22c
Yellowknife
22c
Oil-
'
63
2,729
1.00
1.09
Jan
30o
Apr
72%
Jan
Jan
Jan
1.05
(
15c
Mar,
Jan
2.08
33c
Jan
1.00
Apr
'JanL'V
Feb
1.40
Apr
8
7%
8%
1,585
7%
Feb
9 % Mar
6V8
6%
6 Vs
100
5%
Jan
6% Mar
2.40
5
2.35
Jan
6%e
6%c
1,550
6c
2.60
14,010
53c
59c
19,100
50c
Mar
74c
Jan
Okalta
50c
50c
2,400
50c
Mar
90c
44c
44c 46 %c
9,600
44c
Jan
73c
Feb
•
25c
25c
26c
17,000
24c
Mar
37c
37 %
Jan
46 %
Apr
O'Leary Malartic Mines—
Omega Gold Mines
1
39c
30c
40c
100.298
21c
Apr
43c
Feb
13c
Apr
30c
Jan
Omnitrans
1
23c
20 %c
24c
23,800
30c
Jan
10
Apr
13
Apr
Ontario Loan & Deb
60
60
63
4,300
55
Apr
80
Apr
Apr
12y8
Apr
Ontario
Steel
21
Jan
26
May
Orange
Crush
—
Mines
46 %
330
13c 15 %c
15,500
12%
13
1,905
12%
12%
50
107/s
105
105
32
95
Jan
19
19
558
11
Jan
45%
Bay Mining & Smelting
14c
Malartic Mines
Gold
Mines
1
Oils
•
—
-
Exploration
—
3.85
2.35 May
20 %c May
Jan
Jan
Jan
•A
Hunt's class
New
A new
class
Huron
&
20'r
*
B
13%
4
Erie
100
common
paid
100
—
105
19 y2
Apr
Imperial
10
Oil
28
29%
75
26
Jan
15%
16
8,631
15
Mar
29
15%
15%
940
8
8
100
33
£
15
8
Imperial Tobacco of Canada ordinary.
Preferred
%
15%
Bank
33
150
56c
65c
19,950
137/a
Jan
IYb Mar
Indian
Varnifh
Red
Inglis
preferred
60c
Lake
12%
(John)
Inspiration Min & Devel
—
International
4 % ',<■
Bronze
34%
A
10
International Nickel Co
41
common
International
Petroleum
International
Uranium
Island
Mountain
103
22%
1.48
Mining
Mines
50
2.00
Jack
Jacola
Mines
Jason
Mines
Jellicoe
M
Kayrand
Kenville Gold
Kerr-Addison
1.30
Pacalta
Oils
10c
10c
11c
85c
88c
9,800
800
7,155
9%
33
May
33
46c
Mar
80c
May
Petroleum
Page
Hersey
Pamour
Jan
14
Feb
Apr
1.65
22 %
50
33%
35%
1,914
103 104 %
185
42 %
1,480
41
22 Vs
1.40
2.00
22%
6,812
1.65
56,950
500
2.00
21
Apr
29% Mar
22 y2
Feb
35 y2 May
Jan
39
106
Mar
Mar
102%
47
Malartic
Parbec
Mar
27%
Jan
2.09
Apr
Feb
Perron
Ltd
Gold
Pen-Ray
2.30
Feb
Mar
41c
Apr
41c
Feb
6c
6c
51c
55c
8,300
40c
IIV4C 12 %c
4,600
lie
2,500
Gold
Gold
5c
Apr
Jan
Mar
9c
65c
Jan
Feb
21c
Jan
9c
Gold
Pickle-Crow
Pioneer Gold
Gold
Mines
Mines
Mines of B C
Porcupine Peninsular
La
Feb
Porcupine Reef Gold Mines
River
Mar
37c
Jan
Powell
Rouyn
21c
500
1.60
1.73
39,900
7.90
7.90
46c
1.53
Apr
1.76
Apr
17%
Feb
1.55 May
2.30
Mines.
21
2.90
Feb
Apr
Apr
4,950
62c
secord
Lebel
Oro
46c
May
6,700
90c
May
17c
8,000
11c
Mar
21
21%
1,805
20 y2 Mar
37
175
29 y2
Jan
6.00
6.25
965
6.00
Apr
7.75
7.75
7.80
650
24%
25
235
15c
Gold
Co
26c
14,066
25c
27c
'
1.11
33
34%
Lundward
Lynx
Red
Lake
Malartic
Gold
Manitoba
8.00 Mar
8.75
25
'
2,400
4c
1.35
20c
Mar
Feb
Jan
20c
Feb
May
Jan
7%c Jan
1.55
37c
Jan
Jan
1.02 May
1.46
Feb
5,875
2.45
Apr
3.45
Jan
32,400
Gold
Mines.
Premier
Trust
Preston
East
:
Maple
Leaf
Milling Co
Marcus
Dome
Mines
Flour Mills
common
Gold
Richmac
McBrine
& Co pfd.
(L)
Preferred
Robertson
62c
64,200
40c
Feb
86c
Apr
9,500
32c
Mar
45c
Feb
Russell
1.80 May
4,865
3.90
Apr
5.00
Jan
3.95
4.15
8,660
3.10 Mar
5.00
Jan
2.65
2.80
9,500
2.56
Apr
3.75
Feb
4.00 Mar
5.45
Jan
4.15
6,225
70c
77c
19,300
2.45
2.70
23,475
3c
3 %c
7,500
10
65c
2.70
3c
Mar
Apr
Apr
49 y4
Jan
55
16
16 %
880
14
Jan
1.19
1.25
4,800
98c
Jan
35c
37c
36,700
28c
Apr
22c
25c
11,600
22c
Mar
19%
30 %
19%
30
20 %
30%
1.840
1.150
14%
27%
Jan
Feb
19%
19 %
5
8%
Jan
23%
25
4,810
16y»
Jan
105
106
80
104 %
Jan
9c
1,000
9c
95c
3.75
Jan
new
Sannorm
5%c Jan
55
17
2.20
May
Senator Rouyn,
7c
Feb
Sheep
Jan
Pherritt-Gordon
51c
Jan
Gold Mines
35%
Apr
Jan
Sicks'
21
Brewery
New
Voting
14c
Feb
76%
Jan
1.75
Jan
8'/2c
Feb
Ltd
Preferred
Silver wood's
Dairies
75C
36c
Apr
Feb
Preferred new
22
Mar
Siscoe Gold Mines
Mintnff
&
Gas.
Corp
For footnotes
11c
9c
12c
9.00
see
page 2478.
9.00
9.20
1.05
Warrants
3.00
1.20'
33:000
2.268
37,995
9c
9c
1.00
May
Jan
Apr
Jan
1.500
22 %c
Feb
15 V*
Apr
*
2.40
14%
1,400
11
' Jan
54%
54%
150
51
Feb
54% May
2.00
2.10
Jan
2.15
Apr
98c
1.02
24,900
69c
Mar
1.15
Apr
95c
1.00
2,450
86c
Mar
1.25
Jan
16%
16%
167/8
6,510
15 % Mar
23%
Jan
7 %
7 %
200
1.40
1.40
2,400
60c
Jan
1.70 Feb
20c
8,100
7%c
Jan
24%c Apr
69c
73c
33,700
61c
Feb
39
39
30
34
Jan
97c
Apr
39% Apr
46%
46 %
50
5
16c
15c
18c
11.000
—
7,700
.
20
1.40
5%
7% May
Jan
17c
12 %c
1.90
Feb
Jan
46
48%
Jan
42
14c
50
Apr
22c
Jan
Mar
25c
25c
26C
5,300
24c
Mar
38c
Jan
47c
46c
48c
8,800
45c
Mar
64c
Jan
1.15
1.30
5.900
Jan
1.57 Mar
25%
24%
25%
555
20
Jan
25% May
18
19%
955
18
May
42c
Mar
80c
25
Jan
62c
Jan
42c
46c
11,175
15%
15%
157/s
2,965
15
104
Jan
106
Mar
34
34
130
30
Feb
37
Jan
5.40
5.25
5.40
4,702
4.75 Mar
6
105
100
-50
1
—-1
105
157/« May
15% May
Feb
Jan
14c
Jan
50c
Feb
10c
10c 10%c
12.000
10c
35c
44c
42,900
28c
Mar
104,700
97c
Mar
97c
1.14
25%
26%
430
63c
61c
70c
45,900
1.50
1.48
1.50
2.00
1.95
2.10
2,275
40,714
1.03
25%
1
60
55
60
14
15%
L510
60
500
15%
54%
14
555
New
new
com
Jan
27% Mar
47c
Jan
82c
Apr
2.08 Jan
1.66
Jan
3.65 Jan
B
new
Malartic
Mines
Jan
Bladen
Jan
Apr
South End Petroleum
Southam Co
Jan
14
'
6(1,1.
.
;
60
1.225
495
14
Apr
17%
Feb
13%
Jan
19 %
May
Jan
40
Feb
16
May'
Feb
14%
18
19%
38%
39
15
36
13%
16
1.226
13
10
Apr
Feb
27%
Jan
24
Jan
13
12%
12%
12%
25
•
37
35%
37%
688
*
100
1
34
33
35
107 107%
6.089
15
89c
6,785
80c
May
74c
27,800
45c
Jan
12 %C 13 %c
12,000
6c
Mar
14c
Mar
23
66c
13c
80c
62c
22 %
May
,rl6% May
Apr
14%
84c
May
15% May
Apr
Jan
*
preferred
Simpsons Ltd class A new
Class
37l/«
35 %
14
14%
15%
Apr
1.33
1.550
19%
40
*
Jan
1.63
21%
15%
1
i-
common
Mar
Mid-Continental Oil
3.45
13c
May
12c Apr
5
Sigma Mines
Silknit
30c
Jan
17,735
"
75.235
17%
Jan
2.62
Apr
25
May
106% Mar
Apr
25 %c Mar
598
22 %
95c
60
61c
470
17%
Mar
1
trust
49c
7,400
Apr
Jan
17
1.00
__
voting trust certificates
May
28c
Apr
53
13%
54 %
1.40
•
common
5c
21 %
12c
10
common
2.000
26c
2.40
3.35
60
10
60
15%
Creek
17.650
20 3 4
60
17
2.18 May
Feb
45c
21
Apr
1.25 Mar
_
*
1
50c
5c
67
_
2.40
j
1
Ltd
Shawkey
1.30
21 %
17% Jan
Mar
13
Jan
Jan
5c
27 %c
1.65
Mines
1.25
Mines
1.00 Mar
44c
Gold
Sand River
1.25
Gold
1,300
44c
Saginaw Power pfd
St. Lawrence Corp class A
Antonio Gold Mines Ltd
:
Mercury Mills
107
common.
San
McKenzie
49 %c
106
Mine
Industries
465
McLellan
1.75 Jan
*.15
Rush Lake Gold
36c
4.05
1.06 Mar
18%
32c
4.05
Apr
670
1,900
Oils Co.
51c
3.90
36
Feb
35
1.24
1
Mines
71 Vs
McWatters
Apr
29%
34
1.20
46%
Rouyn Merger Gold Mines.
Roxana
19%
Gold.
57c
42c
34
.10
Gold
Rochette
70 %
Lake
Mar
7.70 Mar
Feb
50
70%"
Red
40c
Jan
4.95
3.60 May
1.20
1
•
McMarmac
6,000
Feb
47c
May
1
—
Royal Bank
Royalite Oil
24%
Mines
46c
42c
1
common
Preferred
Feb
McDoug-Segur
Lake
Jan
71c
Roche Long Lac
Mclntyre Porcupine Mines—
Red
76c
Mines
Apr
.100
-
Mar
Riverside Silk Mills class A.
New
McColl Frontenac Oil-
45c
--
Gold
40
35c
20
6
5,700
Mines—
Macdonald
Reeves
Reno
34%
25c
Preferred
2.500
58c
23c
17c
Quinte Milk Products
Jan
16%
•
5,545
6.25
49c
1
•
—1
—•
4
Mining
Queinont
Jan
1.35 Mar
1.19
Marlon Rouyn Gold
Martin-McNeely Mines
Massey-narris common
4.00
6.15
40
Preferred
26%
55
common
3.60
6.15
1
Purdy Mica Mines
Purity
27%
common
Gold
3.70
—1
1
Shawinlgan
Gardens
6,400
100
Metals
350
2.49
Leaf
Jan
28
Jan
100
30c
100
1,195
3%c
Maple
24%
Jan
27%
3,710
37,800
70c
& Eastern
Jan
1.95
23c
15
34
4.05
Fields
40c
Apr
27%
2,31
1.80
4.00
Magnet Consolidated Gold
Apr
Mar
1.41
23c
15
31
4.05
Mines
80
1
2.18
Apr
2.65
Macassa
MacDonald
Mar
21c
5,100
15
32c
MacLeoa-CocKsnutt Gold Mines.
Feb
1.06
Apr
71
II,500
2.18
58c
Gold
27c
1.52
76
•
1.52
34%
Mines
Gold
Feb
Jan
73c
35
22c
1.45
76
1
1.65
A
77
25c
premier Gold Mining Co
33'%
class
Goldfields
Yellowknife
Madsen
37
Jan
13,200
2.50
Groceterias
15,437
-
Queenston Gold Mines
Jan
5c
1.02
Class "B"
6,000
78c
'
1
————
Quebec Gold
Quebec Manitou
70c
1.45
2.43
Loblaw
Jan
8c
74c
Gold
Voting trust certificates
Power Corporation
Feb
Jan
24
1.40
1.02
26%
Jan
4%c
2.45
Long Lac Gold Mines Ltd.
19c
Jan
Jan
1,005
Little
Jan
Apr
1.46
19 y4
107,500
23
Lingman Lake Gold Mines
11
65c
41c
58c
22
5c
Jan
Mar
50 %c
1.40
Apr
Jan
29 y4
Jan
14c
22 %
Ltd
Mines.
7.75
19
55c
26,500
16c
50 %c
Candy.
Mines
Louvicourt
7.00 Mar
89.150
1.02
90c
24%
Laura
Lexinden
8.50
24 y2 Mar
6.00
Lapaska Mines
Gold
1,050
Mar
36 %
Cadillac
Leitch
28
26c
36%
Lang & Sons
Feb
lie
46c
35c
Apr
Jan
1.96
14
16c
1.00
Lamaque Gold Mines
Lapa
27 %
59 %c
Mines
Luz
29c
7%C
1
19c
21c
27%
common
Jan
6%c Jan
2.85 Jan
Jan
Pressed
Woods
19c
20c
8
4
Porcupine
2.25
5,100
of
28,400
1.45 May
..1
Engravers
Ficadilly
Apr
30c
Lake
23c
21c
77c
1.45
May
28c
Ltd
Mar
1
5c
28c
Gold
17c
Mines
85c
Townsite
Mines,
30c
20,400
Mines
200
Kirkland
Fortune
32,200
19c
4
91,800
14,080
Shore
34c
17c
common
5c
2.20
Lake
30c
18c
1
1.06
2.05
Lake
32c
1
5c
2.08
& Exploration.
1.65
1
85c
Lake
Mines
1.45
Jan
24c
Klrkiand
Gold
1.55
Ltd
Malartic
Partanen
1.90
20c
700
Mining
Jan
Feb
35
Jan
I
Mines
Paymaster Cons Mines Ltd
1.20 Mar
21
6,200
3,930
Dufault Mines Ltd
Jan
1.65
Mar
..1
Porcupine
Penmans
21,300
1.75
Laguerre
85c
25
Feb
27c
16%
«aiie
Feb
18c
7%c Jan
Jan
1.55
Labrador
2.59
Apr
33%
Pandora Cadillac
9%
1.07
14 %
(John)
1.18
May1
34
(new)
Jan
545
1.55
Labatt
16
Apr
Jan
Jan
2,500
14%
Mines
17% May
13%
16,466
85c
13% Mar
29.950
1.10
Kirkland Hudson
Gold
May
1.18
12%
1.65
Mines
86c
1.20
1.07
21c
Mining
Jan
Mar
1
5c
Mines.
57c
48c
Lake
90c
Gold
Mar
Osisko
24c
6c
Quebec
30c
Jan
25c
12 %c
Consolidated
Joliet
18,500
17%
Powell
J
44c
122,850
21c
51c
Mines
40c
86c
21c
Mines
40c
70c
26c
Gold
Waite
1.045
71c
Photo
Jacknlie
I,484
16
1
12%
22 %
common
class
Metals
preferred
20
17%
14%
Orlac Red Lake Mines
Paramaque Mines
International
21%
16
15 %
1
Mines
21%
17 %
•
Gold
21%
*
common
Feb
16
.
Feb
4
30
Pacific
Imperial
50
common
Preferred
Orenada
Imperial
.
Feb
Apr
1.03
900
•
l.ll Apr,
30c
;;
53c
Gas
&
Mines
Gold
.
National Steel Car
O'Brien
Gold
28 %
^
15% Mar
100
52c
Qil
~ Yellowknife
Hosco
45
840
30
40c
Dauch
Homestead
195
19
29%
24c
Holhnger Consolidated Gold Mines.
Homer
49
18%
1.85
High wood-Sarcee
Home
45
19
40c
Mines
Mascot
&
1.24
93c
11c
26c
Cadillac
Hinde
15% May
85c
1.75
Harricana Gold Mines
Gold
Mar
22c
Hasaga Mines
Headway Red Lake GoldHeath
11
85c
Mines
Mines
49
__20
25c
National Sewer class
Negus Mines
Harding Carpets
4
•
common
common..
Feb
Mines
Hamilton
Grocers
Preferred
.
Apr ;
Feb
9lo
■
Haicruw Swayze Mines
Halliwell Gold Mines
-Apr
101%
22 V*
100
101% Jan
18
37% Apr
35
May
108% Mar
1.40
Jan
1.12 Jan.
Apr
Apr
mmm/
..Monday,
,2476
A
CANADIAN
/
••
STOCKS
Range
Shares
Stanaarq
1.29
1.35
7,200
1.00
1.10
9.899
Standard
13%
14
"loo
Paving
Low
1.00
ntn.rTT
10
9
10%
3,765
23
24
1.155
7
18%
6%
8%
7%
8%
2,815
1.18
1.15
1.25
22,700
19%
1
16%
103%
Jan
18
19%
405
Feb
Jan
1.55
Mar
100
23
•
Radio
1.50
1.15 Mar
1.00 Jan
15
103
id
•
Starratt Oi»on Co
1
Friday
Sale Price
Par
High
4.600
15%
103
common
Preferred
FOR
Feb
Apr
10% May
Aluminium
Jan
24
Aluminum
Stedman Bros
oteej
co
new
common
•
Jan
17
Apr
Canada
1.50
Apr
•
fti.nco
noli
1
20c
1
Mines
3.50
18,500
25,000
2.5c*
2.80
50c
79c
75c
82c
28,100
1
3.30
3.30
3.45
1,825
Cons
Inlet
Surf
2.50
91
Apr
95
Apr
40c
Feb
Asbestos
4.45 Jan
Ashdown
Jan
22c
Jan
Jan
1.09 Mar
Jan
4.10
Feb
1.95
1.35
25
25
26
4.50
4.50
4.55
98c
1.00
4,700
98c
Apr
May
71c
68c
SOc
95,600
53c
107% May
118
26
Feb
Jan
225
May
106
Jan
109
Mar
*
Jan
100
17%
121
54
55%
10%
102
54
10
6,055
20
Jan
-
common
—
Ill
Terk-Husrhes Gold Mines
Canadian
Texas
5
Oil
Muik
suomp&ou-Luna
oohi
•
Mlaes_.
21%
245
4.50
6,650
Jan
12
Feb
Apr
Feb
3%
2,517
2
Jan
Jan
102
2%
33%
1,320
30
Feb
35
17%
33
--
Bathurst Power & Paper class A
Bell
Apr
•
100
Trac
Light
16%
•
26%
•
*
Limited
Mines
23%
199%
5
Telephone
Bralorne
& Power
5.35
1.45
80c
Feb
Apr
May
British Amer Bank Note Co
British Columbia
Elevators
Toronto
17%
75
17%
Apr
17%
Apr
19
Feb
24
Apr
Jan
200
Mar
102
98%
220
3%
Class
Toronto
Mortgage
—
-
Exploration
Traders Finance class
.'"Class
55c
60c
6.422
41
10
13%
13%
13%
330
13%
13%
13%
1.775
130
9
_
.
Tuwaginac
285
130
17
27
27
500
39c
1,630
23%
23
181%
199
199%
16% 16%
507
25
16% May
18%
26 %
28%
10,455
25% Mar
30 y8
Jan
29
29
29%
355
22
Jan
29%
Apr
34
210
27
Jan
34
6,450
35
Apr
24
32% May
100
1
...
27
•
A
33
0
B
Twin City
1.25
*
Rapid Transit common-
Corp A
•
Gold
26
Canada
Apr
65c
Apr
Jan
46%
Feb
Jan
13% May
Class
11% Mar
104%
Jan
130
25C
108
14
Apr
Mar
1.18
15%
Union Gas Co
11%
11%
12%
29.310
Union Mining
1
30c
30c
31c
10,400
30
28%
31
2.240
.50
55
55
56
560
25
8%
8
9
2,015
6
7c
*
Class B
__
33
4%
34
4%
32
20%
32
20%
33
20%
22
21'A
25
1.80
Apr
Jan
26
Apr
May
•
100
common
Preferred
Forgings class A
•
"B"
0
*
Canada Iron Foundries common
0
Preferred
Canada Northern
•
Power Corp
Jan
Canada Steamship common
5% preferred
Apr
Canadian Breweries
•
50
Jan
12%
24
Mar
31
Jan
May
56
Mar
40%
Jan
Jan
-25
May
265
147% 147%
131
Jan
148
Mar
26
Feb
29%
Feb
45
Apr
50
16%
Jan
21
Apr
Feb
14%
29
29
29
225
--
45
50
50
20
21
685
--
15
15
112
__
12%
12%
80
20
20%
53 'A
1,075
11,146
__
20
53%
52
25
25%
26%
--
53
12%
18%
47%
9
United
Steel
•
—1
Upper Canada Mines Ltd
Ventures.
Stef^"*:'
Vicour
£
May
Jan
9%
Feb
Mar
14 %c
Jan
Canadian Car & Foundry common
22% Jan
Jan
53%
Apr
27% Feb
20% Mar
Jan
53%
16% Mar
20%
Jan
21% Mar
22%
Apr
59%
60
67%
47
—
18%
22
22%
1,135
65
65
67%
240
100
43%
43
43%
220
100
11
10%
11
20
5%
Jan
30
30
25
28%
Jan
30
Jan
Jan
•
-•
common
Preferred
Geld
Ltd
Mines
...
,
11
12%
22,265
8%
Jan
13 Vb
18
18
22%
40%
Apr
43% Apr
Jan
Jan
2.57
2.57
2.65
6.450
2.55
Jan
3.98
Jan
Canadian
12
13
2.117
12
May
16%
Feb
Canadian Ind Alcohol common
40c
40c
1,000
40C
87c
Jan
Class
Feb
Canadian
Feb
Canadian
12
40C
1
Wekusko
West
,
Preferred
v^i!''
23 VB Mar
1.61 Jan
395
1.26
20,600
45c
11,200
40c
30c
7,700
24 %c
200
220
215
220
29
28%
29
180
25
5.10
Jan
31%
31%
32
1.470
25
Mar
!Ioo
«...
106'A
i
40
107
95
18c
11.500
14%
1.825
103 103%
29c
33c
29c
13%
8,400
50
60c
104%
16c
200
Jan
155
16c
103%
1
46
55c
Apr
Apr
Jan
145
13%
16c
•
.100
Mines
67c
129
220
Mar
Apr
30
Jan
Jan
Apr
108%
-100
.—5
(Alexander & James) pfd
Combing—
Wright Hargreaves Mines
Yellorex
Canadian Pacific Railway
Cockshutt Plow
York
—
9
Feb
16%
Feb
13% Feb
22
640
44%
42%
46
1,860
Mar
46
17
17
15
25
18%
•
48%
48%
48'A
Davis Leather Co Ltd class A
•
31%
31%
31%
15
15
"B"
0
•
100
Dominion Bridge
•
Apr
Dominion
Dairies
94%
Jan
26c
Feb
105
43c
Feb
preferred
L22 %
5
117
Jan
125
May
28
225
24
Mar
28
5.15
•
common
35
Preferred
Foundries &
Dominion
Glass
•
Steel
1.835
5.00
6.55
Apr
Feb
*
common
new
Dominion Steel & Coal class B
25
50
60
18,600
32c
Jan
67c
Feb
Dominion
30c
61,800
18c
Mar
39C
Jan
Dominion Tar & Chemical common™*
16%
16%
17
130
19
Feb
14% Mar
37
$2,000
38
37
43
Apr
Feb
Stores
Ltd
Exchange-CurbSection
Friday
British
Puio
& Paper com
Bruck
i
Sugar
Canada Vinegars
Marconi
Canadia
&*
common
•
Canadian
Low
High
32Vb
33%
760
23
Apr
62%
61%
62%
335
55
Mar
•
Western
jbalhousie
355
2,678
Foothills Oil & Oas
Hayes Steel
17
international
Ltd
&
Oil Selections
Co
of
Power
Low
High
Canada
preferred
62 %
Apr
Jan
31
31
375
28%
Jan
34
Feb
19
19%
730
14%
Jan
19% Mar
39
105%
*
19%
•
6%
18%
Gypsum, Lime & Alabastine
common
60
106
Jan
56%
45
55
Jan
9%
9%
659
•
16%
16%
17%
2,350
Jan
Hudson Bay
Feb
Imperial Oil Ltd
•
15%
17
17%
Apr
18
Apr
Imperial Tobacco of Canada common_5
15%
5
Jan
5,300
2.80 Mar
58%
70
56% Mar
2.50* 2.50
23
20%
2.50
21%
45 c
11,007
2.10
Jan
Jan
Jan
38%
International Bronze
*
23
22%
23
90
17%
Jan
23
33
Jan
39%
common
Preferred
25
—
39
-
100
39%
40%
42
690
International Utilities
48%
1.60
Feb
2.15
Jan
23%
Jan
39
Jan
830
44% Mar
59
Apr
Apr
1.00
18
4%c
4%c
2,000
3%c Mar
3.70
3.85
1,700
Feb
2%
Mar
27% Mav
7c
Feb
5.00
Feb
International Nickel of Canada «.om„•
International Paper common
Preferred
54
'
100
Corp
Jamaica Public Serv Ltd pfd
Labatt
15
40%
(John)
15
100
48%
140
36%
104
Jan
Jan
22c
111%
Mar
59
120% Mar
140
21% Mar
47
Feb
288
40
Feb
20
118
Jan
28
140
37
469
29
Jan
162
5
157
Jan
36%
•
24%
23
3
22%
22%
41
43% Mar
34
140
Lang & Sons Ltd John A
Candy
Lindsay (C W) common
4,220
140
162
—
18%
47
3,245
55%
137
45
39% Mar
1,097
28
•
Lake of the Woods Milling common—•
Preferred
100
54
137
Laura Secord
2.70
Feb
8% Feb
Jan
55
6
15%
7%
32%
53%
5.680
Apr
17% Jan
360
55
200
200
12% May
47
970
•
Apr
500
28c
2,497
International Power common-
2%
Feb
8%
Apr
27%
12%
38
Apr
112% Jan
35%
8%
20%
2%
Apr
Mar
Apr
34
8%
22%
26%
Mar
17%
34
22
,
13
•
£1
22%
54
56%
Industrial Acceptance Corp com
•
54
28c
15%
12%
15
International Petroleum Co Ltd
Mar
Jan
Mar
4,770
Jan
31%
335
37'A
Jan
16
Jan
31%
111% 111%
110
380
46%
15%
Apr
15
111%
45
585
18
125
-
Preferred
45
30% Mar
757
**
45
19,
Mar
9% Mar
950
10%
36%
85c
19
3.70
•
10%
35%
110.20 110.35
Feb
19
26%
Mining
10%
35%
110.35
Jan
39%
56 '
•
•
100
Jan
345
33%
1*
108
Feb
Apr
Apr
4.00
Bridge
7
700
200
42
1.60
Hamilton
Howard Smith Paper common
Preferred
40c
45c
16%
1.60
Apr
23%
41
.
3.85
8% Mar
Anr
Apr
39% May
62
107%
15% Mar
116
.100
preferred
Investment
100
42c
—1
Reliance Grain
Southmount
3.75
58
20% Feb
56%
29
Feb
7% May
Mar
6%
9%
107
111
18
'2,500
56%
May
3.50
Jan
Apr
705
7%
19
50
23 %
58
110
110
_
18%
315
3.50
Jan
Apr
25
Apr
20%
19%
23%
May
Apr
1.35 May
35
100
1927
Gurd (Charles)
19%
Mar
23%
3%
Feb
Feb
Mar
Apr
14
13
45c
75
Apr
Apr
15
23%
33
965
25%
16 % Mar
104%
75
18%
135
26%
106 % May
27
Apr
750
Apr
Jan
230
19%
2,945
Feb
25
90
•
Preferred
Tire pfd Inc
23%
645
515
660
50
3%
1,105
25%
4,019
20%
39%
26'A
25
104% 106'A
19
19%
33
May
Feb
19%
19%
3%
32%
31
Jan
17
28 %
Feb
6%
Jan
8%
Apr
Jan
18%
100
common
36
5% Mar
18%
21%
23 %
19
84
74
12% Mar
272
1,437
30
•
common
General Steel Wares
Goodyear
18
26 %
18%
75
«
—
Oreille
Feb
Apr
19
99%
_S
37%
49
31
98
4
common-
Ontario. Paper
Jan
Apr
Apr
Apr
*
•
98
-
31%
47
45
16
13% May
34%
1
new
78
IS
Jan
28 %
17
185
•
Paper common
13% Mar
16%
125
Feb
•
„
Feb
25'A
106 %
Mar
*
Paper
16
120
May
119% May
45% Jan
28
56
*
common
Apr
31% Feb
26
16%
26
170
Donnaconna
25
18%
210
24%
Jan
Jan
May
Apr
Feb
Apr
Apr
27%
Jan
57
Apr
48% May
140
28%
37%
May
Apr
Apr
161% Mar
24% May
22 %
,
25
19%
Jan
23%
Feb
20
20
10
Feb
16
Apr
Apr
*
~Zi
Mining
"5
4%
5
840
12 %c
12c
13c
5,300
2%
12c
28c
Feb
Massey-Harris
•
19%
19%
20%
2,530
14%
Jan
21
Feb
5
Apr
McColl-Frontenac Oil
•
25
23%
25%
7,230
16%
Jan
25'A May
May
33c
Jan
Mitchell
(Robert)
•
32%
33
33
210
27%
Jan
33
Molson's
Stop & Shop
Temlskamma
v'-^|iife
49
10
41
Pend
33'A
48
50
•
Minnesota
33'A
48
__
2,050
Dominion Bridge
Langley's
10%
31 % Jan
175
•
Aircraft
Feb
100
7%
74
<■
J
Oil
deHavilland
40
610
175
5
Jan
34 %
7Va
•
Feb
119
12
__
175
a
Lumber
Jan
92
5
34%
__
7%
34%
Wesiinghouee
Coast Copper
Consolidated Paper
13%
3,255
795
*
5%
Range Since January 1
33
1
Canadian
.
Shares
Vickers
48%
1,257
General Bakeries
for WtmU
•
Canadian
Jan
29% Jan
16
13%
•
Dominion
41%
41%
*
Mills—
&
590
15%
100
Silk
Canada
Apr
499
40
100
preferred
Feb
19
96% May
__
1
Pulp
common
^Preferred
r%*> ',r
Range
of Prices
Par
Columbia
24%
Jan
41%
25%
new
Dryden Paper
Foundation
Sales
Week's
Last
Brown Co
May
17% Jan
78
119% 119%
—
26
trust certificates
Voting
Gatineau
Sale Price
British Columbia
__
119%
•
Corporation
English Electric class A
Famous Players Canad Corp
Canadian Funds
•
18% Jan
May
5.00
25
Electrolux
Atlas Steel
19% Mar
150
104% 120
Class
Distillers Seagrams common
Preferred
20c
•
Jan
15% Mar
4,243
East Kootenay Power
^ v
15%
320
96'A
Coal
26%
37
Asbestos Corp
33
9,255
21 %
18'A
94%
Preferred
STOCKS
19"%
18%
Dominion Textile
Toronto Stock
20
95
51
Bonds
--
•
Dominion
Bonds--
Uclii
45% Mar
900
16
22c
.
Knitting common
Feb
Jan
5.00
1
..
105
18%
15
5
Jan
122 %
9
Ymir Yankee Girl
49%
17 %
16
Consolidated Mining & Smelting
Consumers Glass
30c
28
9
Mines——
49
17'A
*
Oils
Dominion
Wood
Wool
49%
•
Investment
Locomotive
17%
May
•
•
*
Foreign
B
53
Jan
May
33%
12% May
25
Jan
,
40c
100
—
Gold
Mar
1.15 Mar
22%
1.20
195
common
Preferred
Winora
21
22%
»
■
Feb
27c
»
:
Jan
40c
...
Westons (George) 4%% pfd
Wlltsey-Cogttian Mines ....
Winnipeg Electric common
Wf
4
109
27c
Westons
:-3Mi:
23C
680
22%
_•
common
Westeel Products
Ltd
4,500
7,214
128
125%
—I
...
Grocers
23c
4.65
127
...I
Consolidated
Malarnc
Western
20c
4.50
20c
4.65
Wasa Lake Gold Mines
'
Apr
Apr
1.26
—
11 % Mar
Feb
•
•
Preferred
"B"
11%
•
Wane-Amuiet Mines, Ltd—........
Walker-Gooderham & Worts com—
Cottons preferred
2.100
...1
-
Converters
Canadian
9%c
-
—
——
Apr
1,390
25
Class A
Canadian Celanese
9%C
•
Lta.
Mines
Villbona
9%c
Feb
Jan
-
Oils
Apr
14%
9 % Mar
375
53
15
Jan
Apr
45c
9% Mar
27c
147%
0
Canadian
United
Jan
Mar
24% Feb
20% May
425
May
5
34
3% Mar
23%
385
7,218
•
common
Preferred
•
United Corp class B
United Fuel class "A"
4%
•
5
Dredging
Cement
Canada
11%
10.800
24
Jan
55c
25
32%
1.15
24
_
22%
36
100
32%
m
tte-ourcea
33
1.17
-
Transcontinental
Feb
Jan
23% Mar
55 c
*
A
Mar
20,350
22
41
1
Jan.
1.25 Mar
Mar
95c
21
_
common—
73c
20
92c
0
common
Works
Iron
Toronto
93c
•
Tip Top Tailors
Tombill Gold Mines
Power
Class B
Building Products class A
Bulolo
1
Thurbols Mines
Feb
56% Mar
May
8% Mar
32%
2%
•
250
19
19
54
10%
102
'
iG>
Tamoivu
Apr
20% Mar
Jan
26%
1.32 May
1.32
26'A Apr
Jan
Jan
130
260
__
Jan
Apr
3.25
3.25 Mar
1,600
106% 108
Warrants
Brazilian
Taku River Gold Mines
220% 225
Hardware
48c
115
__
50
Corp
2.50 May
6,000
Consoi Gold
Sylvanite Gold Mines—
Sullivan
Jan
3.0C
50
270
223
Amalgamated Electric Corp
Jan
10c
100
•
pfd
Argus Corp common
4%% convertible preferred
Apr
78%
2,000
19c 20 %c
3.40
———
Contact
19% May
,
23c
10
25c
3.35
-25
Rock
oteep
Sudbury
90
93%
89
cwuiuuu.^.—
Preferred
116
21
__
21
High
Low
1,155
298
•
of
107%
118
21 %
107
14%
785
25
21%
24
107%
Range Since January 1
High
100
Ltd
Co.
80
235
89
93%
24c
Caoctua
ox
4
Steeloy.Mining Corp
Shares
8% May
Jan
85c
100
100
•
Anglo Canadian Tel Co preferred
•
for Week
Low
•
common
preferred
Agnew-Surpass Shoe preferred
Algoma Steel common
6%%
Jan
Jan
Works Ltd
Acme Glove
Sales
Week's
Range
of Prices
Last
High
1.30
—
Preferred
RANGE
Range Since Jannary 1
Low
m
Standard Chemical common
,
v
for Week
of Prices
Par
Sturgeon
>Stactaeo.na Mines
*
STOCKS
Last
Sale Price
Springer
•
Sales
Week's
Friday
...
Breweries
•
34
34
380,M
29% Feb
177
os.-;'.-
Montreal
>£.
.OS
Montreal
Montreal Stock
Canadian
STOCKS
Friday
Sale Price
.
Paper new com—
New $1.50 preferred m
...
preferred
_
.
Acadia and Atlantic Sugar A com-™*
For footnotes
see
page
12478.
17%
20%
•4
22%
-
39%
22%
Preferred
Shares
Range Since January 1
Low
10,090
20%
5,415
39%
25
rv
30
850
14
18% Mar
38
Mar
20% Jan
41
50
10
41
29
49%
49
49%
49
49
29%
29%
29%
979
68%
21%
Ogilvie Flour Mills common™
•
34
33
34
40
Apr
Ottawa
24
Jan
Ottawa Electric Rwys—
Car
Aircraft
*
.™.fe-
6%
6%
74
-
•
6%
75
47
25%
.Apr
Feb
51 -Mar56 * —Feb
32
Jan
44
Feb
51
24
Jan
30% Apr
•
♦
24% Mar
30
1,408
30
68
—
Jan
30 v! Jan
,;.28% Mar
-
34% APT
180.1
530
29
*
A
Apr
135
2,380
68%
Wire Weaving
22%
40>
•
Niagara
1411.; Jan
41%
25
•
3,945
29
—
•
25
23
Apr
Apr
18*%
-
2
National Steel Car Corp
100
177
Noranda Mines Ltd
High
Mar
22%
22%
50
100
____do
National Breweries common
High
18%
Telegraph
Tramways
Murphy Paint Co common
for Week
of Prices;
Low
17%
20%
-
New $2.50
preferred
Montreal
Sales
Range
Par
Abitibi Power &
Exchange
Fonda
Week's
Last
3
Cottons
Montreal Light Heat & Power Cons—•
Apr
Apr
63% Jan
72
Jan
35
Apr
265
25
388
30%
Jan.
6% Mar
50
Jan
Apr
8%' Feb
May
75
•■
"■■"
*
"
COMMERCfXt^'FlNANciiE'CMbNlC'CE
'THE
ber 448/
Volume 163" ^Number 4487
JfV.i
^rV^r li^'.ti /S h4 j t/n?Artiv',fj)t,..V,1
iJ
">
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i'-Mfcj'.-- v.-f'i
CANADIAN
jp>V
.u:.W':'A/ v:iry'fV-;--'--j!'/ \v/"//'//
-
MARKETS
LISTED
2477
'.V'!''''■•wr-i»i■■««• -'i"•>;' ',*
''J"1.;!
,/vV
■■;
BANGE FOR WEEK ENDING MAY 3
v
-'<
STOCKS
Friday
Last
Sale Price
Par
19 %
19
STOCKS
Last
Shares
Range Since January 1
Low
High
20
16
Mar
102
Feb
20
,'v'" '■/;/"
77
77
34
78'/a
Feb
common-
35
70
Jan
81
Apr
Freiman Ltd
Powell
Co.
34'A
34'A
35
995
30
Jan
36
Apr
14%
15
925
Godfrey Realty Corp
gs
Goodyear Tire & Rubber of Can
Page-Hersey Tubes.
River
Power
34
15
Corp of Canada-
Price Bros & Co Ltd
5%
*
common.
70
68%
.100
preferred
Provincial
33%
Rights
Quebec
1
15%
15
860
Jan
19 %
1.50 May
1.70
1.515
1,039
25
20
.100
1.70
21 %
20
35
110
Great
Feb
Jan
15%
21'A
;
17% Jan
73% Apr
100%
105V2 106
20
Preferred
54% Mar
34%
40
25
21'/a
Regent Knitting common.
Rolland Paper common.
13% Mar
103% Apr
352
18%
1.50
Power
Jan
30
1,520
71
102
102
16%
Transport
A-;?
•
102
Lakes
Hotel
Apr
de
LaSalle
100
St Lawrence Flour
Mills
105% 105%
Jan
Lake
20%
109
8%
8'/a
8%
32%
34%
330
30
341/2
34%
3%
150
34
Apr
424
3
Apr
Rights
3
Preferred
St
95
95
96
251/4
251/4
261/4
34
341/2
341/2
60
55
60
1,908
55
Lawrence
55
100
34
.100
Paper preferred
Shawinigan Water &
Breweries
*
Power.
Sherwin Williams of Can
Sicks'
153
common.
common.
34
25
Preferred
401
36"%
4% Mar
153
96
26% Mar
29
Jan
35
Standard Chemicals
5%
37%
Jan
60
36
Jan
55
25
Jan
34
22
221/a
625
18%
Jan
25
151/2
151/2
240
14%
Jan
16
14
w
2nd
Mount
Jan
Mar
6%
Apr
Nuclear
93
93
165
84
Jan
40
40%
23
10,695
100%
121/4
17
75
23
11 i/s
16'A
Refrig
&
31
Jan
44
Apr
5
17%
Jan
24 %
8%
Jan
13%
Feb
61
89
16
325
127%
.
Jan
17
22 »/2
109
cum
Purity Flour Mills Co Ltd
2
77
5
22,95)
63
May
{
' 7
11%
' Apr
;
8»/2
Reliance
Grain
Ltd
Co
41%
44
16%
15%
80
Feb
85% Mar
;
!
Jan
12%,.Jan
Apr
15
Jan
Jan
12
30
34
1.125
44
Jan
1.121/
30%
14%
Jan
17%
1.065
75
28%
Feb
35
104%
Jan
106%
8
Jan
11%
16%
30
.
105 105 %
105%
Apr
92
Jan
Apr
23
Feb
200
May
Jan
33
Apr
1st
Southern Canada Power 6%
103
27
26
27%
6.9S0
20%
11%
11%
11%
50
10
18%
18%
1
18
Jan
19%
14
103
11%
Jan
16% Jan
111
111
22
15% Mar
18%
18
Feb
'
Mar
.
May|i
May, I
27%
*
20% May
12.275
Jan
22
"
-
13
'
,Jan
26
26%
315
24
Jan
27
Apr
98% Jan
3
ill
14%
2,751
13
Mar
17%
Jan
Stowell
102
104
20
95
39
40
385
29
200
Jan
104
112
5
109
Feb
14
225
8
Feb
111
111
111
13
110
Jan
14
14%
250
11
34%
34
34%
297
33
25
25
30
20
Jan
25%' Mar
111% 111%
384
108
Feb
111%.'Apr
11
Jan
112
14V4
10
M
111%
34
Jan
40
Apr
28
Mar
30
Jan
12
12
15%
Screw
Co
12
125
14
15%
3.480
14%
14%
100
128
128
25
27c
29c
pfd
29c
Ltd
v
27
Thrift
Stores
6%%
Ltd
common
15
Jan
27
14
Jan
.
12%
/
;
20
V
Jan
14% May
128
.
30c
Mar.:*
26
'Jan
18
16%
Jan
22%
19%
Jan
23% Mar
United Corp class B
United Distillers of Canada Ltd——*
United
Fuel
United
Securities, Ltd
Feb
.10
26%
26
26%
1,026
21%
Jan
27%
Apr
.10
25
24%
25%
1,465
20
Jan
25 %
May
50
50
49%
Feb
Windsor
Woods
Inv
Hotel
class
B
16%
18
l.C.475
14
29%
Jan
33 Vs
35
110
30
Jan
11%
—
20
11%
12%
370
30
30
31
16%
16
17
Apr
1
Jan
,
•
Feb
7%
7%
pfd
Feb
12%
Apr
Apr
24% Jan
1.625
50
May
40
31
10
435
?
'
10
18;
t
17%
Jan
; ?
|
Feb;/
May
Manufacturing
11
Co_.
Jan
10
10
5
Jan
16% Feb
12
20
11
Jan
13
45
10
6
10
12
100
Ltd—
48
51
39%
Jan
48
Apr :
May.;
26c
Mar
5
7%
Bonds—
$600
v
15% May
Apr
Jan ;
25c
5,468
27
:vr. i;
#r,!:S
41
14% May.
115
\
111% Feb.
Mar
35
1st pfd__
cum
1,675
Royal
50
1
Apr
Montreal
notes.
:
May
May
Apr
112
pfd.100
Southmount Invest. Co. Ltd
13%
Union Gas
Power
Feb
#13%
Voting trust ctfs
Banks
Montreal
■
25
15%
21%
.
Mar
21
j
Jan
8%
15%
'
Sarnia Bridge Co, Ltd
Sick's Brewing common.
22
23%
<-v
Jan j
Mar
127%
27
21
Feb,f
;Jan
8%
3
170
22%
' Apr
Jan
8%
550
.100
com
55
22%
Apr
60-
200
14%
■.
35
150
>
May
f •: O'ii
•
red pfd—lOO
250
.10
,
?
Apr.i
Apr i I
34%
6% Mar
i I Mm
.14
-
com.
common
215
29
10
14
13%
Quebec Pulp & Paper 7 %
Apr
Feb
74%
1,343
40
Canadienne
"
•
Enterprises
32
22'A
200
I25
Commerce
Apr
Apr
Jan,
,
'
Apr
7,465
102
common..
preferred.
Mar
59
26
14
Light & Power
preferred
13'/a
.100
26
700
,175"
35
77,
.20
26
_*
common.
115
11%
•
com— —30
Storage
200
200
Ltd.
Mar
.
15%
31%
221/2
Wilsils
6 %
123
common.
Winnipeg Electric
Preferred
Zellers Ltd
87
127
common.
ICO
Feb
Apr
891/2
88
Grocers
(Geo)
28
6U
/
8%'
common.
Nova Scotia
16
91
79
40
Preferred
Weston
"aJf's *
Mar
g
^.35-,,;
r,i'sf'ft'ft"-,
Preferred
Western
.0)
7%;
Royal Hotel Co Ltd.
103
175
U7/a
com.
Feb
26
k
1
preferred
Jan
40
90
23
Walker Gooderham & Worts
20
63
77
•
Power Corp of Can 6%
Wabasso Cotton
34%
59
7%
Minnesota & Ontario Paper Co.
Montreal Locomotive
wi
Jan
15
103
89
93
Tooke Brothers
-•"-31
-100
:
.
10% Mar
14
103
Twin City Rapid TransitUnited Steel Corp.
Viau Biscuit common
53
120
Jan
.100
.25
32% Jan
17% Feb
70% Apr:
Apr
1
:;|
«•
Preferred
Apr
Apr
89
common.
preferred
12
2,580
•
115
_»
Paper & Power.
(Alfred) Inc
Melchers Distilleries Ltd
Apr
May
Apr
15 «/2
Steel Co of Canada common.
Preferred
High
26% May
Apr
Feb
Jan
22
Southam Press Co
Southern Canada Power
26
26%
115
St John
Montreal
Simpsons Ltd class B.
69
26%
.
'
Massey-Harrls Co Ltd
pfd,..—100
McColI-Frontenac Oil 6% pfd
_100
May
83
495
67%
'24%;
.31
MacLaren Power & Paper Co
Maple Leaf Milling Co Ltd common
Mar
21%
2,730
67%
*
Lowney Co Ltd
Jan
41
Feb
150
12
150
100
Apr
9% Mar
•
Feb
25
Hydro-Electric Securities Corp.
106
32'/a
IBo
14%
—
Inter-City Baking Co Ltd.
103% Jan
7% Mar
60
'
14%
—Z''-■-
T
Apr
Apr
2,020
com.
Inc
25
Apr
14%
'
Mar
105
Range Since Jannary 1 /i
1,280
common—
22
15
28%
-
Apr
16% Mar
25
|i
Low
26%
63
Paper
Preferred
Jan
17%
bhares
27%
common—
*
i«
for Week
Apr
Lambert
Saguenay Power preferred.
St Lawrence Corporation common—
A preferred
(A J)
t
.
\]i- ,4'
t6w;.mah
''■/"■A,
Apr
-
*
•»Sales
Range
?'/'V--?'-/|5al©Frlc»
Penmans Ltd
1,687
Week's
of Prices
'
I''.
High
Ford Motor Co of Canada class A—.—*
Foreign Power Sec 6% cum red pfd-100
Praser Companies
r,—■
103'/2 1031/2
''iv:W
Friday
for Week
Range t
of Prices
Low
Ottawa Light, Heat & Power corn- .100
.100
Preferred
Sales
; Week's
*
,
Apr
,
ri
Mar
Mining Stocks
Altamont Mines
Ltcl.
21c
Arno Mines Ltd
Athona Mines
Sales
Last
Range
of Prices
Shares
Par
Abitibi
New
Power
&• Paper
Low
Low
*
17%
1,975
20
com
17
20%
2,790
100
new
40
40
25
$1.50 preferred
$2.50
High
preferred
14
Belding-Corticelli
Belgium
Limited
&
Glove
7
100
—
Hosiery
Mar
18%
21%
40
50
14
634
14
140
"
Preferred
5
—.
20%
15%
11
*
Preferred
15%
106
15
Br.and ram Henderson
Blight & Co Ltd, T G
5
20%
16%
15
180
Mar
8
Jan
160
61c
24c
Mar
34c
1
44c
41c
44C
I.700
39c
Feb
57c
2.14
2.22
6,500
17c
18C
0,000
17C
May
30c
Jan
9c
9c
1,000
5c
Mar
15c
Jan *• 1
13c
Jan
I
60%cMar
I
Jan
16%
Apr
Duvay Gold Mines
Jan
17
Jan
East
Malartic
Mines
98
May
East
Sullivan
Mines
98
25
27
28
1,686
52
360
38
Jan
52%
—•
73
75
60
55
Mar
77%
...1
7
7%
1,106
100
98%
98%
83
com
Preferred
Calgary Power Co Ltd 6% pfd
Canada & Dominion Sugar
Canada Malting Co Ltd
;—.
Can
North
Canada
Power Corp
Starch
Canada
107
*
23%
*
61
Ltd 7% pfd-100
Co Ltd
100
common
13
Ltd
163
Chateau-Gai
Wines
Claude
General
185
107
10
3%
3%
1,710
3%
4
661
16
410
39%
6,621
315
3.65
9,130
.2
3.55
3.50
18%
18%
58
12%
—
Sec
class
C
20
21%
•
Corp Ltdii
ill
—
3
2.50
Consolidated Paper Corp Ltd_'_
Ltd, clfcss Ail1.
Dominion Engineering1 WorkS> Ltd
Dom Oilcloth & Lanole"um Cdf Ltd
Dominion Square Corp
9
Feb
107
Apr
Apr
1.50 May
Jan
,18%
Jan
12%
Feb
39%
Jan
163%
Apr
Apr
Apr
3.80
Feb
57
Jan
62
Feb
11%
Jan
18%
Apr
325
7
300
40c
5
335
7%
7%
125
7
85c
111
85c
May
1.50
Jan
20
20
135
15% May
15% Feb
20
Apr
23
Apr
20%
22%
18,846
2
2
620
27
150
Jan
Mar
4% Mar
1.85
•Of,
23
Feb
Jan
8%
2%
Jan
Jan
Jan
Feb
Feb
Apr
27
Apr
May
May
57
59
463
44% Mar
59
42
43
943
38%
Jan
43
25
25%
25
19%
Jan
26%
13%
Jan
17% JFeb
—
—
17
17%
1,162
Donnacona Paper Co Ltd
18%
18%
19%
2,834
15
59
20
pfd
6%
58%
17%
Power 7%
16%
90c
42%
*
20
100
Eastern Steel Products Ltd new com—*
—
13%
20
Jan
30c
Apr
49c
;
Jan
35c
3.000
30c.
43c
Feb
5,600
19c
Apr
Apr
28c
Apr
70c
Feb
,
'
50o ^ 55c
&:'f
■
27
,
:...
$ 10.i57^
:
50ft
Apr
•
I
A?
27%
26% Apr
500
40c
40ft
46C
5.500
2.10
2.10
2.15
200
—1
3.60
3.60
3.70
5.300
1
Mar
May
11% Mar
Mines
20c
17c
20c
6,1)00
32c
31c
32c
40c
v326
Feb
55c
Apr
May
2.10
1.25
1.20
1.30
22.SOO
29c
29c
30c
Mines
1
1.80
Jan
20%
Apr
22
Feb
13%
85
4%
433
4
Mar
150
54
Jan
66
May
Apr
8
Feb
14%
3.60 Mar.
May
Cadillac
Gold Mines Ltd
Mines
Ltd
Louvicourt
Mines
Jan
50c
53c
1.500
48c
Mar
15%
16%
36 4
55c
16
60c
"
474
-
•
63c
19%
Feb
65c
Apr. % »-
dC
77c
G%C
11.600
5c
44.900
85c
May/
21%
21%
185
Lis Feb
Apr'
1.03
49.200
28c
30c
11,600
1.60
28c
1.75
400
Jan
9c
28c
Feb
43c
1.45
Jan
4.10
3.90
4.30
3.300
3
25c
30c
2.000
25c
1.75
Mar
25c
May
*
1.75
1.74
1.95
1.010,
1.03
1
2,35
2.35
2.65
4,325
1
32c
30 %c
32c
13,682
—1
1
7.75
7.80
26c
22c
26c
6,500
22c
42c
37 %C
42c
40,300
24c
15c
15c
3,500
14c
Mar
Yellowknife
Red Crest Gold Mines Ltd.
Rochette
Blscoe
27c
27c
2,200
2.00
2.10
3,025
81c
81c
88c
4,400
70c
70c
70c
500
20c
23c
5,500
Gold Mines.
Sherritt-Gordon
Gold
Mines
Mines
650
Ltd
Ltd
Sladen-Malartic Mines Ltd
1
1
1
2.00
20c
Soma-Duvernay Gold
•■
'
Jan
'
'
"|
f {
Jan
46c
May
6.25 Feb
Feb
7.80 May
May
37C,
4^ ; Apr
23c
■
Mar
1.07
;
'«-
Mar
3.85
30c
25c
I
Jan
May
2,07 Feb
Feb
15c
Quebec
Ltd
Mines
:;
7.50 Jan
41c
2.35 May
Gold
Feb
26%
Normetal Mining Corp Ltd
Pato Cons Gold Dredging
Feb
Apr
1
Pandora Cadallic Gold Mines Ltd
Feb
2.24
21
O'Brien Gold Mines Ltd
Pitt
1^1
Jan
Apr
73c
Jan
"^Sc
Jan
Jan
3.65
Jan
81.C
May
1.45
Jan
65c
Jan
20c
May
1.15
29c
Jan
Apr
It. t '
1.00
1.10
14,543
1.00 Mar
1.49
Jan
23c 25%C
42c
Jan
2.70
5,900
2,600
20c
2.50
80c
80c
80c
2.000
80c
25c
,28 c
2,000
23c
May.
Apr
29c
■2Sc
30c
68,500
25c
Apr
2.15
r.oo
3,10 Mar
Homestead Oil & Gas Ltd.
6%c
6%c
7c
47^500
6%c Apr
Royalite Oil Co Ltd.
18%
18%
18%
110
18% May
Standard Gold Mines
•
1
Sullivan Cons Mines Ltd
1.00
1
Stadacona Mines
Surf
Inlet
1944 Ltd
Mines.
23c
Villbona Gold Mines Ltd.
Westville Mines
Mar
2.50 May
3.50
80c
:
Fanny
Fleet
Farmer Candy.
Aircraft Ltd
For footnotes
see
page 2478,
4
..5
.1
-
6%
59%
6%
66
6%
1,430
5%
Home Oil Co Ltd.
3.15
Feb
i
;
J
*
f
May
42c
Jan
<
32c
.
-
Mar
•
4.40 Jari
10c
-
Jan
-.11.15 Apr
50c
85c
89c
Apr $£
Jan ;/
1
Ltd
2.05
Jan
Mar
15%
5%c
74c
1
1
Mines
1.45
Mar
1
49c
Oil Stocks
FaircbUd Aircraft Ltd-
I
Feb
Jan
58c
Apr
60c
1
Goldfields
Louvre
1.35
22.900
1
Lingsid'e Gold Mines
New
16.330
82c
1
Ltd
Mines
J
.
Jan
Mar
1.90
1
Jack Lake Mines—
J-M Consolidated Gold
Shore
.Mar,
80c
78c
1
Rand
Joliet-Quebec Mines Ltd
Lake
24c
28c
1.50
1
Hollinger Consolidated Gold
Hudson
Apr
1
Goldvue Mines
Heva
,
.
8,100 y
5
36c
Jan
16c
Feb
5%
3.55
.
8,700
1
1
(1945) Ltd
Macdonald
13%
2.40
Mar
33c
1,000
II.900
1
Limited
Jan
98
Dominion Woollens
East Kootenay
5%
4%, Apr
i
640
©avid & Frere,
Apr
Jan
Jan
55c
55c
27
—
v-* ss
12%
14
310
Apr
85c
——
Preferred
Div
18%
70
4%
corn-
common
Preferred
58%
Apr
186%
6%
15
18%
Feb
107
141 163%
■it
27
Jan
Mar
6%
3%
29%
Apr
19% Apr
18
Jan
4%
13
212
Mar
Ltd
Adv
Jan
62
100
9c
109.513
1
Goldbeam
Feb
Jan
178
32%
Apr
Jan
43
145
• common..
Commercial Alcohols Ltd
12%
15%
Jan
96
33%
108
Jan
70
100
Limited
Cub Aircraft
dj 1
■'■■■
151
186 186%
Canadian Westinghouse Co Ltd
Consolidated
100
200
;
t
.
Apr
32c
Found Lake Gold
Apr
3%
common
Canadian Western Lumber Co
.
18%
2.27
Apr
46c
Formaque Gold Mines Ltd
Apr
62%
—
1
104
Fontana Mines
Apr
29%
25
—
Apr
Apr
8
111%
200
17%
Ltd.
Gold
Elderidge
•
207 210%
Mines
9C 10%C
33c
:
Dome
Jan
Jan
165
—
28%
May
Apr
17
15
Vickers
56%
26%
6%
100
preferred
Neon
10
13
186
preferred
Cassidy's
15
13
23
17
Canadian Pow & Pap Inv Ltd com.
5%
109
70
Canadian Marconi Company.
1%
75
52
210%
.100
preferred
Canadian
1,885
62
18%
class B—
Inv Trust Ltd
Int'l
24%
62
Feb
17
General Investments Ltd.
preferred
Ingersol Rand Co Ltd
5%
23
106
26%
Canadian
Canadian
25
17
Canadian Industries Ltd
1%
107
Jan
26%
Canadian Dredge & Dock Co Ltd—
Canadian Food Products
Canadian
5% Mar
Apr
14% Apr
Ltd.
Vinegars
107
May
25% Mar
111% 111%
100
1.99
Feb
Jan
.
98
86
90c
42c
,20c 4.22c
50c-
14%
50 %
*
35C
Mining.
12%
98
Ltd
1,000,,.
32c
Feb
28
P
;
10.200
a;
A
Ltd.
Apr
*
P &
Cournor
Apr
Mines
15%
•
Columbia
Cheskirk
Apr
20%
100
Company common
Apr
May
90c
9c
Apr.
Columbia Packers
Eritish
50c
27c
43c
Feb
American Oil Co Ltd
Brown
Ti
90c
Mines.
Gold
Centremaque
18 %
British
98
Feb
25c
Gold Mines Ltd.
Cartier-Malartic
,13%
British
Ltd
;
87c
90c
Central Cadillac Gold Mines Ltd-
Apr
Apr
5
33c
|
ll%c Jan
25C
Diamond M Corp.
Brazil Gold &
Apr
18% Mar
135
159% 159%
14
*
com
7%
2,000
„
/
Mines Ltd—1
Century Mining Corp Ltd.
Bathurst Power & Paper class B
45c
Apr
High
38
Mar
Mar
4.500
1
Gold
Lake
Bonville Gold Mines Ltd.
Range Since January 1
Jan
54c
45c
Beaulieu
for Week
Sale Price
7c
4,000
Jan
Mar
Beaucourt Gold Mines
Week's
Friday
9.810
62c
2.21
Beatrice Red
Canadian Funds
STOCKS
7J/2c
—1
Aubelle Mines Ltd
Montreal Curb Market
21c
7c
1
(1937) Ltd
15c
18c
61c
7%c
Astoria Quebec Mines Ltd—
Jan
25% Jaw
a-.;/
iiSMMM
■
t
5JJ3SS
;/'•■'•'' ?v
''^^0^,
S'i'%
Monday, May 6;1946
THE COMMERCIAL & FINANCIAL CHRONICLE
2478
OVER-THE-COUNTER; MARKETS
Quotations for Friday, Max ®
n
for
Specialists
Quotations
in
on
Real Estate Bonds
Shaskan & Co.
OVER-THE-COUNTER SECURITIES
Members New York
Trading Markets
Firm
a
Members New York
Stock Exchange
Curb Exchange
in
Place, New York 5, N. Y-
40 Exchange
ISSUES
250 ACTIVE
Tel:
Bell Teletype NY 1-953
DIgby 4-4950
120 Broadway, Now York
Ward
&
Co.
2-8700
Tele. NY 1-1287 & 1-1288
REctor
Phono:
Association
Members New Yofk Security Dealers
Established 1920
Direct Wires to
CHICAGO
Reorganization Rails
PHILADELPHIA
—
(When*, as and if Issued)
Investing Companies
-1
9.60
10.53
Scries
B-4
—
11.46
12.57
1%
7.28
7.96
Series
K-l
22.37
24.53
10
443A.
Series
K-2
31.06
5.35
33.22
36.48
20-39
Affiliated Fund Inc
?•/
iAmerex Holding Corp
f
■,
Fund
Axe-Houghton
Axe-Houghton
9.89
S-2
S-3-
15.76
17.35
S-4
8.37
929
Knickerbocker
10.63
22.10
7%
9 3/a
105.56
Tr of America
Fund Inc
inv
8
1
Fund Ltd
Christiana
Preferred
25.66
23.99
26.28
200
6.91
13.52
14.62
7.41
8.14
Bond
3,300
—-
9.44
10.43
Casualty-5
3ya
20%
21%
10
37%
40 'A
Monarch
10
32.39
2.78
15.31
14.87
9.78
10.64
11.92
8.55
14.61
Administered shares-
New Brunswick
75%
New
York
12.41
13.63
Connecticut General Life
14.29
15.69
Continental Casualty
Crum &' Forster Inc
24
Northeastern
10
75
78
Northern
57%
36
42'A
73
Preferred Accident
61
Providence-Washington
•
10
40%
'
Merchandising
18.52
20.33
Federal
10
9.77
10.74
Fidelity St Deposit of Md
20
14.06
15.44
Fire Assn of Phila—
10
Fireman's Fd of San Fran
10
113%
117%
0
15%
16%
^
Revere
7.04,
Petroleum
8.60
Putnam
8.94
11.86
Firemen's
9.44
6.40
8.13
10.38
Franklin
7.82
&
(Geo)
Fund
1
8.17
1%
31.04
17.09
18.73
18.91
17.59
1.08
98c
18.10
35.90
20.58
12
13%
Standard Accident—
36%
39%
63.50
Bond
2So
A
series
C
1.10
8
57'
35%
123
37%
127 %
Globe & Rutgers
2nd preferred
Great
Fire com
15
—15
97%
0
33%
—10
30%
American
10
35
38
100
640
675
Co__2
50
52
—4
61
64
10
Recent
10.35
9.46
13.21
20.96
22.86
U S
10
89
92
2.00
39
41%
1975
103
Shell Union Oil 2y8s
1971
Sioux City Gas &
1975
Guarantee
Westchester
Fire
Pow
&
Lt
S'/bS—1974
7.90
9.00
•
2.91
3.26
Series 1955
1
1
Vt
Conn
Pub
Lt
&
Serv
110%
111%
_1975
104%
105%
23/as
Pwr 3s
108%
105 V4
1975
K—1980
106%
3.50
110
1953
101%
102
1982
99%
Erie
RR
ser
2%s series Q
2%s series R
2 3'/2
Houston
Lt
&
2010
Pow
2 %s.
..
91%
917'8
1961
97%
98 %
.!-<<«
106%
108
99%
103
104;
94%
1961
96 %
2%s__1966
101 y2
102
2%s ser G
Tenn
Gas & Transm
Elec
Texas
Power &
Lt
&
1975
Light 2%s_lc>7.ei
Union Pacific 2%
Western
2%s
Service
Texas
99 34
El 23/4s
A«k
104
99%
Southern Pacific 2%s ser F-1996
111
2s
Great Northern Ry—
2%s series P
4.05
Series 1956
Cent
107%
i-1974
California Water 3%s
Bid
Ask
BondsArkansas
2.50
Security Issues
Bid
Birmingham Electric 3s
Unit Type Trusts-
U S El Lt St Pwr Shares A
U S Fire
32%
130%
126
28.80
,
35%
Public Serv (Okla) 23As
Fire
23.80
12.08
D
x
S Fidelity & Guaranty
25.46
26.34
1
101%
Travelers
U
1.23
24.69
21.77
Fund
B
Diversified Trustee Shares—
22.57
7%
66.50
30.22
B-3—
—5
Marine
Globe & Republic—
Hartford
30.75
Series
82.
54
60'A
1.09
North Amer Trust shares28.86
28.04
79
10
58
1.00
Wellington Fund,
Keystone CustcMan Funds—
B-3.—.
12ya
0
Fire &
Glens Falls Fire
lOo
Independence Trust Shares
B-l.
27
10
Spring Held Fire & Marine.— 25
Fire
Hanover
17.57
Series
33 %
25
Security New Haven
8.69
1.32
Scries
31 %
10
23
16.94
Union Preferred Stock Fund
39.03
17.19
10
21
7.94
Series
Securities
1.19
2
»
Fire
10
15.54
19.84
Investment Co of America—10
(NY)
(Paul)
Seaboard Surety
1
Unicn Common Stock Fund B—
—
Republic
St Paul Fire & Marine
•
2%
Union
2.03
-B
Corp
(Texas)
Reinsurance
41%
5.55
34.34
Ltd—
Aviation Group shares
Bank Group shares
Insurance Group shares
Stock and Bond Group shares-
64
61
27Va
118.22
Trusteed Industry Shares
1.98
43 %
25%
5.05
Sovereign Investors
Standard Utilities
Foundation Fund Ino
10c
16
41
10
65 %
96 %
181
39%
State Street Investment Corp—
7.17
6.79
6.04
1%
14%
10
115.88
Republic Invest Fund
Scudder, Stevens St Clark
Fund, Inc
Selected Amer Shares
7.43
104
92 %
_0
1
4.22
6.81
6.52
99
62%
Gibraltar
18
Trading
3.83
6.17
Newark
58%
176
94
General Reinsurance Corp
6.19
5.49
of
69
8%
90
0
Indemnity Co
10.79
25%
7%
10
Fire
Pacific
9.96
-
16%
24
10
Pacific
Phoenix
10.46
Railroad
55
15%
29
38
10
9.52
10.72
34
52%
12.50
18.16
9.06
11.15
32
5
12.82
Employees Group
Employers Reinsurance
35%
60
5
13.22
Railroad equipment-
I
22
15.55
stock
Steel
,
10
16.54
15.09
Investors Fund "
North
215
333A
0
2.50
25%
7%
7%
205
10
River
23%
0
12.03
9.76
—10
Fire
11.69
Diversified Speculative
Electrical equipment-
2
Hampshire Fire
New
14.16
Tobacco shares——
-
84
72
City of New York
Series
.
79
10
7%
Machinery
6.62
Casualty
25
17.93
Insurance
2
—20
Fire
Bankers & Shippers
16.33
11.25
Institutional
Union
Camden Fire
12.87
Incorporated investors-
Liberty
Amsterdam
New
71%
Boston
12.77
11.72
Common
National
7"%
30%
68%
16.33
11.62
10.24
1
46
28%
10
10.19
11.60
stock
13.75
Income
43
6
(Detroit)—10
Casualty
—2%
7.28
•
10.63
fHuron Holding Corp
National Fire
-
Chemical
—
Diversified Investment Fund-
9.31
13.31
National
77
12.75
Bank
10.74
8.53
22%
74
Baltimore American
Building supply
Business Equipment
6.74
Steel shares
.
9.27
■
RR
;>■
16.81
—...
Automobile
Railroad Bond shares———.
r
Surety
Aviation
-
Fire
20%
Reserve
American
—
Agriculture
8.01
Mfrs Fire N Y
&
National
American
Automobile
38.67
7.03
Merch
10
8.15
18.94
New York Stocks Inc—
50.23
Casualty
Bonding
Merchant Fire Assur
—29
7.37
17.99
1
Fund—
573/4
35.29
6.41
—
Stock series
New England
.
—
9
5
Maryland
American Equitable
American Fidelity &
12%
25%
13%
Massachusetts
6.69
2.53
7.78
shares
8
4
37
5.96
11%
23%
12%
30.08
9.68
TTtllitv
.4
34%
5
5
—1
—
33
24 %
4
Casualty:
American Alliance
Re-Insurance
shares
18%
99%
31
22%
Automobile
American,
American
shares——
stock
16%
95
8
10
American
American of Newark
10.85
Railroad
1
12%
6.96
Low Price Shares——————
4
44
8.56
5.51
Equipment shares——
110
40
priced bond series.
Low-priced stock common-
8.76
i73/4
107
11.09
5.53
7.88
4733%
10
7.79'
4.97
55%
10
Fire
6.30
4.98
Mining sharesPetroleum shares-
Homestead
Aak
44
31%
16%
Jersey Insurance of N Y—.20
Speculative series
—...
0
•
9.99
serles-
Income
Merchandise shares
^
Insur Co of North America
85
Selected series
General bond shares-———
u
87
10
19.24
Investing
Hartford Steamboiler Inspect-lO
Home
20
100
Bid
Pat
Ask
so
54%
Aetna Life—
29.83
Institutional bond shares
Bia
Industrial stock series
152
7.51
Electrical EquipmentFood shares
———
111
1
series
18.00
Industrial Machinery shares—
57
96%
Agricultural
—
—
Series-
27.90
Chemical shares-
;
23-
55
84%
57»/2
52%
I
Automobile shares—
Aviation shares- *
Fully
21
10
25.59
2t03
Building shares-
70
-10
Aetna
1.85
Group Securities—
.
31-
68
St Louis & San Francisco com—
Preferred stock series
145
f First
.
29
Insurance Companies
23.67
10
Grande com—-
Preferred
Far
-l
-
77
102
82%
Low
Mutual Trust Fund
6
Fundamental Investors Inc
2
Fundamental Trust shares A—2
General Capital Corp
•
General Investors Trust——I
75
102
1st 50-year 4s
300
First Boston Corp
100
100
1st 3-4s income
Denver' & Rio
Preferred
St Louis & San Francisco—
Aetna Casual & Surety
National Security
Howard—
Agricultural
17.21
National Investors Corp...
Balanced Fund
"
16.03
Nation-Wide SecuritiesBalanced shares
5.55
Fidelity Fund Inc——•
Financial Industrial Fund, Inc
s
81
19.24
17.62
Dividend Shares
FUiuL——,
79
1993
4%s
41
100
98
Rio Grande—
Income
39
preferred
5%
107
96
19.19
17.60
37:76
Delaware Fund—
Stock
Denver &
4%s
105
2018
income
21
19
*
10.19
4.85
—100
—
1994
2019
ist 4s
34.65
17.85
16.29
Commonwealth Invest———-1
Eaton St
9.27
32.22
—
35.11
*
v,
lCfl
Investors
Common
1
——1
Securities com—100 3
'n.
Chicago Rock Island & Pacific¬
Conv
Ind'polis & L'sville class A
2hic
Chicago Rock Island & Pacific-
61.70
60.47
—1
2d Fund—.—1
Mutual Invest Fund Inc
10
28.03
—•
Fund Ltd
inv
Canadian
V
84
Common
Income 75-year 4%s
134.16
Mass Investors Trust
111.00
26.07
23.74
Century Shares Trust
Chemical Fund
■
101
82
Manhattan Bond Fund Inc—
Mass
New common
Bullock
Fund—•
Fund—10
Loomls Sayles Second
Broad Street Invest Co Inc—
^
99
2003
—
8y/a
8%
8.15
7.36
Fund
Loomis Sayles Mutual
20.55
1
1
Blair & Co
Boston
Series
Series
B—
New common
Beneficial Corp
Bond
12.72
18.53
Serles
9
—
Fund
..
Series S-l
5.86
Inc—
New common
i
46%
93/4
11.72
Oil shares—
Assoc'ted Standard
%
2nd 4%s
34.14
American Business Snares
1
American Foreign Investlng_10o
Aeronautical securities.
*
(Cent.)
Keystone Custodian Funds
Ask
Bid
Par
Bid
Par
Mutual Funds—
Stocks
Chic Indianapolis & Louisville—
1st 4s
1983
Ask
Bid
Ask
Bid
Bonds—
ser
Tel
C
1991
1975
3s
94%
96%
104
105
103 %
104%
99 %
99%
104
—
Par
Preferred Stocks—
100
108'
103%
Central Pow &
104%
105%
Merck & Co $3.50
*
108%
107%
106
106%
Monongahela Power 4.40%—100
Potomac Edison $3.60
100
111 %
113
105
306%
Pow & Lt 3%s—1975
Monongahela Power 3s
1975
106%
107%
Montana
1975
103%
104%
1975
104
1974
109%
110%
3%s_r—1975
1043A
105%
3%ls—1975
106%
Power
2%s
Mountain States Power 3s
Narragansett
Bid
Ask
Pub
Bid
-
1,
Elec
Serv
3s
(Indiana)
—
1950-1948-
-
1K» May 1, 1952-1950—
1^8 Jan. 1, 1953-1951
2%s Feb. 1, 1955-1953
„
-
100%
99,26
10011
108%
106%
107%
•
105%
106%
1
100'A
104%
Other Issues
100 %
-
104%
1047
U S Conversion 3s—
Panama Canal 38
196)
101.24
Ratea quoted
131%
Int. Rate
l%*
t RM
100.10
iy«%
100.8
id
100.11
Certificates of
;
"100,9
1947.
-—iv, %
100.22100.23
Wept. 15. 1947.
Wept 15. 1948-
—iy««
100.11
100,12
101.1
101.2
Dollar Price 100 Plus
--
t
July I, 1946*
Aug 1, 1946
lt%s Sept. 1,1946
t%s Oct. 1, 1946
-
Ask
.0065
.
11.09%
——
-
are
.0127
.0139
.0075
.0120
.0789
.0327
t%8 March 1; 1947_____
.0199
.0363
J%s April I, 1947-.
.0401
.0581
■
■
v'-
13,
a
A*k
bO.375 0.34%
June 27,
bO.375 0.35%
1946—-. ^TTf-Tr!—r-r;—
bO.375 0.35%
b0.375
0.33%
July 5, 1946—
b0.375
0.33%
July 11, 1946
bO.375 0.35%
bO.375
0.33%
July. 18, 1946
bO.375
0.30%
b0.375
0.34%
July 25, 1946—
bO.375
0.34%
1946
bO.375
0,28%
Aug.
-
Odd lot sales.r
t EX-stock
'.0310
,
June
k Removed
.0179'
?
.
6,
.0217
.0196
t%s Feb; I, 1947
Bid
June 20. 1946
b0.375 0.28%
1946—
June
.0J78
,
.0158
t%s Jan: 1. 19*7
for discount at purchase
Ask
1,
1946_
bO.375 0.35%
.0119
.0031
.0097
-
"'I
.0123
.0058^
t%s
t'/as Nov. 1, 1946-—
t%s Dec. 1, 1946
-
Bid
Indebtedness—
t%S June 1, 1946
Sv
-
/
point
a
• Maturity—
f
;
more 32ds of
1,11
133%
May 31, 1946-
or
109%
United States Treasury Bills
99.30
-
May 9, 1948
May 16. 1946
May 23. 1946
$3.75
0.80%
Figures after decimal point represent one
15.
(Cal)
11
b0.90
April 15, 1946
0.90%
Quotations For U. S. Treasury Notes
Wept.
100
100
(Jacob) 4%%
E 3.90%
Oil
107%
Treaaury bills-
tMar 15 1947
Union
Ask
Bid
Maturity—
tDee 15. 1940
Ruppert
Sioux City G &
-
Federal Home Loan Banks—
Federal Land Bank Bonds—
1%8 Oct
Elec
Portland Gen
Obligations Of Governmental Agencies
Lt
106V2
Kans Okla & Gulf Ry 3%s_1980
Lt 3%s—
1965
Page 2460
102%
Laclede: Gas
Minnesota
FOE NEW YORK CITY BANKS & TRUST COS.—See
to
Stock
dividend.
•No par value,
flEx-50%
SStock
Auto Co.
(Un)
tin default
tThese bonds are subject to all
Federal taxes
stock dividend;
distribution
for
c Cash sale,
d Deferred delivery,
e Ex-interest,
f Flat price,
r Canadian market,
s Cash sale—not included in range for year,
Unlisted issue. ' x Ex-dividend, y Ex-rights.
b Yield price,
Exchange,
each
two
of
one
additional
shares held
issued
share of $10 par
March 29. 1946.
capital stock of Four Wheel Drive
•
Week Ended April 27
■
-
0mm
1945
■■■• ■
ft
|>- Pxe^minary. figures'coimpilecf by us#basect upon telegraphic advices from the chief
Pennsylvania—Altoona™-
697.956
625,201
848)352
•2,339,064
1,940,025
697.PQO.OOO
t^
Ykhadelphia-—t—.—„
Our comparative
25.4%.
gain for the week ended Friday of
summary for the week follows;
•
Delaware—Wilmington
)i AM
+
25.4
Fourth
$5,636,585,751
462,776,152
+14.6
;
714,573,264
:
4,415,175
Philadelphia——-,
602,000,000
+(13>3
Cincinnati-.,
137,503*899
380,396,796
321,537,992
+18.3
Cleveland———,
195,588,885
'. 179,871,920
Columbus,—™
222,647,545
19,734,600
■'
® t.
190,000,000
^0018^----^------------- ———
4-
8*7
Mansfield—
+:
8.4
+
9.2
175,200,000
;
203,591,729
235,639,710
195,279,716
187,560,984
+
147,054,083
141,676,244
+
$8,185,457,753
+ 20.5
1,788,133,800
1,620,220,355
+10,4
'
4,774,346
2,962,256.
tlO-7
16*407,BOO
-225,851,209;
14,01 /,'JO0
5+23*3
2)454,591
2,022,23ft'
•3,768,941
+ 4.3
108,105,000
-H^*3*O--^20&)145t164
3,827,605
246,796,653
...
I6.7
•
2,538,156
i
•>
+
281,486,705
247-
+
—
-
—
9.8
Total
(7 cities)-™.
638)776,48T
West
Virginia—Huntington
Virginia—Norfolk^——
1,333,147
6,071,000
2,094,831
i——
7.453,000
Carolina—rCharleston—^---,
82,630,37,7
2,555,536
57.1
+
6.302,
74,843,511
+ 22.8
"
3)005,639,193
2,330,123,969
;———
+
$9,805,678,108
$1:1,650,619,846
days,
8.8
South
1.3
81,535,220
2,064,513
155,560,451
38,969,251
+
53,706,548
325,015,007
Maryland—Baltimore
+ 16.2
285,533,582
+13.8
176,574,715
District of Columbia—Washington-
.
+ 23.8
+ 13.5
'
+ 37.8
Complete and exact details for the week covered by the
ends Saturday
Total
and the Saturday figures are not available at time of
going to
Sixth
^
SXiX ■
however, which we present further below,
ended
complete results of the week previous—the week
able to give the final and
For that week there was an increase of 20.5%, the aggregate of
April 27.
clearings for the whole country having amounted to
We group the
located and from
Auo-usta
cities according to the Federal Reserve
Districts in which they are
the New York District (including this city) the totals show
this it appears that in
expansion of 25.4%, in the Boston Reserve District of
delphia Reserve District of 25.2%.
17.0% and in the Phila¬
The Cleveland Reserve District records a loss of
4;7% but the Richmond Reserve District registers a
gain of 13.8% and the Atlanta
In the Chicago Reserve District there is an improvement
Beserve District of 25.5%.
of 19.7%, in the St. Louis Reserve
District of 13.8% and in the Minneapolis Reserve
of
+
+ 40.6
36,815,532
35,804,543
+18.8
132,600,000
116,100,000
73,806,054
14.1
+
14.1
1,713,704
1,746,080
+ 42.1
49,708,598
47,870,254
52,713,050
42,512,391;
58,828,456
4,131,937
215,800
111,672,399
Louisiana—New Orleans
—
51,308,560
+ 14,7
4,056,623
168,501
85,185,935
+
1.9
+
28.1
4,196,539
-182,411
+ 31.1
84,336,840
86,201,090
475,996,821
Mobile——___—
Mississippi—Vicksburg
(10 cities)
an
increase
9il%, in the Dallas Reserve District of 6.8% and in the San Francisco Reserve
Ipistrict of 7.6%.
379,367,189
+25,5
375,668,381
'344,903,607:
J
■
following
furnish
we
a summary
SUMMARY
Week Ended
Apr.
3d'
Philadelphia
5,834,143,430
714,573,284
639,000,515
670,834,089
325^015,007
285,533,582
+.13.8
475,996,821
379,367,189
+
808,282,286
675,050,520,
+
338,851,188
297,766,320
+
241,051,558
190,725,104
««
10
4th Cleveland
«l
7
5th Richmond
6
6tb Atlanta
•I
11
10
7tb Chicago
17
Kansas City
lltb Dallas
II
■4
680,872
+ 11.1
496,188
145,423;
5,775,028
+ 31.6
5,096,876
4,728,045
3,477,838;.
-H
4.3
5,762,250
Indianapolis
2,922,207
28,644,000
10,703,880
3,419,949
9,797,309
Wisconsin—Milwaukee
41,430,918
37,021,497
Iowa—Cedar Rapids
2,875,698
22,614,447
8,503,581
947,673
1,986,771
South
3,528,814
Bend
Terre Haute
Moines
Sioux City
Illinois—Bloomington
Decatur
We
add
now
our
5,402,335,871
+ 25.2
620,090,186
765,349,328
620,619,799
638,776,487
274,481,390
272,248,307
25.5
375,668,381
592,286,231
289,212,329
290,657,419
+*26.4
185,295,170
221,847,727
1,815.9171
18,935,972
16,067,174
700,139
+ 35.4
6,507,499
473,966
19.1
463,252,062
1,733,711
+ 21.8
1,370,127
53.4
5,189,957
+71.3
2,255,267
2,163,638
+ 40.6
1,473,713
'2,431,663
+19.7
592,286,231
647,911,661
+.
8.9
179,700,000
180.900.000
+
9.2
65,528,975
65,324,596
+ 43.5
43,283,823
6.0
39,403,354
4,580,000
+13.8
289,212,329
290,657,419
544,162,260
675,050,520
198,700,000
79,041,397
59,933,698
1,176,093
Tennessee—Memphis
Illinois—Quincy
182,500,000
72,399,027
338,851,188
Missouri—St. Louis
Kentucky—Louisville
4.7.
Total
(4
cities)
297,766,320
Ninth Federal
+
6.8
147,302,917
135,247,764
7.6.
507,663,947
503,054,179
6,840,344
41,758,044
1,109,249
+
1,149,000
3,906,120
6.1
3,645,331
9,933,088
133,720,715
+ 23.7
126,009,021
153,906,721
57,692,934
43,443,783
3,047,214
+ 32.8
53,551)176
+ 44.6
46,030,632
2,775,134
1,280,570
+ 52.4
1,251,028
1,173,297
+
51;.3
5,644,643
4,153,405
+ 35.9
1,152,776
4,431,278
241,051,558
South
9,375,149,029
9,946,706,634
5,491,447,135
4,831,346,716
+
13.7
4,485,473,544
4,741,007,815
1945
Inc.
1944
or
1943
Dec. %
$
Reserve District—Bostooh-
1,320,522
944,382
3,590,070
3;097,494
433,950,189
372;955,125
1,622,195
962,983
—
—
+'39.8
753,675
567,463
+ 15.9
3,285,252
3,644,161
16.4
352,507,198
396,244,001
+.68.5
999,458
St.
190,725,104
+26.4
185,295,170
Paul
Dakota—Fargo
Dakotg—Aberdeen
Montana—Billings
4,407,522
1,951,254
1,774,635 '
-
Helena
Total
(7 cities)
+
•:
2,972,979
JL.233.386
947,370
.
S,304,00?
.
23.1,847,727
City—
•-
,
390,101
317,854
+ 35.1
1,046,890
4,636,243
+ 33.7
3,927,662
5,447,003.
3,062,779
+ 48.0
2,744,046
2.627,865
15,903,237
20,611,460
Island—Providence
cities).—
18,257,785,
7.153,367
+:12.7
5,277,099
6,363,457
17,360,400
+ 21.5
18,230,600
17,383,600,
753,320
,
RteW Hampshire—Manchester
+ 11.8
21,191,400
Haven
18,429,427
8,062,4.71
Conneoticyt-rliarfcford;——
583,664
29.1
478,818
+
595,153
431,002,434
+17.0
407,898,584
451,231,367
10.784,893
6,066,528
+ 77.8
27,948,374
41,393,885
1,806,755
1,352,591
33.6
1,012,330
1,939,606
504,245,258
_
WnghamtpD——
-
——.
<
68,423,000
64,100,000
+
37.9
1;323,479
1,028,100
1,103,177
+
4.2
1,527,913
1,256,430
5,648,055,849
+
26.3
4,889,675,485
5,205.698,819
11,919,312
+
9j575,014
9,936,092
6,177,842
+
5,941,931
1,155,869
Jamestown
1,149,112
I N*w Y<>rk_.
7,131,845,491
Rqchestpr„—12,762,623_—__t_.
8,420,922
Connecticut—Stamford—
+ 24.8
288,762
+ 11.1
3,688,533 +>
76,839,552
68,887,517
3,491,261
8,068,023
202,082,606
6,020,247
+11.5
—14.3
5,342,257
8.3
177,003,935
1.8
5,223,410 'J-■
1,000,413
+ 68.8
884,105+i
5,029,230
6,912,332
Kansas—Topeka
Wichita
Missouri—Kansas City
St. Joseph™
218,914,216
6,130,113
1,689,187
Colorado—Colorado Springs
Total (10 cities)
+
1,281,852
„
-
+ +
5,935,560
178,190.257
'
892,352
+
43.7
294,876,559
+
9.1
5,020,386
1,138,147
.
765,703
776,460
321,839,719
Pueblo-,—-——,
365,424
2,398,263
2,522,589
•-
i
4,161,061
74.374,8 12
80,582,667
+ 44-.1
+
.
W:
276,480,301
,;
27X142,917
Eleventh Federal Reserve District—Dallas-
Dallas
-
Fort Worth
Galveston
Wichita Fails
120,758.000
'15,000,009
5,612,005
187,154,449
175,312,818
+
100,634,530.
—-14.3
Lj
3,102,200 «.
I,528;t74,
4,582)230
+ 28,1
7,190,736
Louisiana—Shre veport-—
--i,879,419
2,332,113
2,926,782 +102.8
145,541,000. + 4.1
+ 0,1
15,870)695
+17.7
3,527,000
+ 94,9
1.835:^6
5,936,566
151,523,000
15,877,469
4,151,000
2.475.678
Texas—Austin
112,153,060:
'10,000,000
2,904,137.
1,075,931'
v 6,235,217
•JWVi'
1
Total. (6 cities)
.
147,302,917
6.8
1
135,247,764
Washington—Seattle
Yakima——,—
Oregon—Portland
Utah—Salt Lak«
—.—--—
—
86,192,739
2,773,800
76,266,778
2,658,007 '
77,340,919
26,143,261
8,150,688
5,073,807,
297,129,000
5;066,626
37,890,143
City
4,4
+
1.4
—
+ 44,9
*
88.899,138
1,885,819
77,551,25123,394,916.
93,517,716.
1,471,330
~
85,907,514
28,360,212
6,342,671
74,210,000
RJjnfra--——1,593,354
.
.
+
—18.3
60,600,000
,
,
202,699
167,583
282,784
3,974,389
Twelfth Federal Reserve District—San Francisco—
Second Federal Reserve Districts-New York—
York—-Albany——
55.4
+
352,917
1,097,757
6,200,522
•
+ 43.3
1.245,623
4,532,202
Springfield,—
570,947
1,682,728
—-
176,967
275,050
4,415,270
Hastings
Lincoln
1,039,816
+
818,179
Bedford—
Syracuse—..
+
1,943,347
4,146,257
North
+
20.5
Lowell—
Ne»
G39.385-.
•
detailed statement showing the figures for each city for the
.Portland-
(12
7,010;J27
,
516,272,628
"
273,142,917
+
Massachusetts—Boston™———._
Total
+
165,434,313
Minneapolis
276,480,301
10,479,402,565
Maine—Bangor
Rhode
+
Reserve District—Minneapolis—
Minnesota—Duluth
Omaha
New
8,781)118
35,730,373.
+ 23.6
808,282,286
9.1
175,312,818
Clearings at—
Worcester
3,854,766'
'
8,346,806
35,525,923.
647,911,661
13.8
530,217,236
1946
New
9.2
344.903,607
19.7
—
Week Ended April 27
River—_——
+
+ 11.9
+ 23.9
5,928,303,
1,933,513
1,727,704
Tenth Federal Reserve District—Kansas
Fall
3,742,310
6,882,428
9,094,689
Nebraska—Fremont
Federal
3.2
2,320,815
week ended April 27 for four years:
First
+
Eighth Federal Reserve District—St. Lonis—
5,078,150,794
12,623,292,626
Outside New York City- •••IT
31,542,008
$
25.4
+
570,681,641
—111 cities
_—
30,543,000
451,231,367
+
II
3,133,54li
+ 29.1
1943
407,898,584
187,154,449
*#
10
2,993,500.
44.7
3,312,705
2,428,719
(17 Cities)
4,307,374
;
.
+ 16.8
18,256,991
648,367,654
2,112,444
Chicago
Springfield
+17.0
294,876,559
321,839,719
6
„
—
11
10
--
12tb"San Francisco
Total
II
7
Djtli .MinrveapoUs
10th
II
4
Louis
8th St.
$
%
834,393,157
12
York
New
Dec.
S
431,002,434
7,316,781,027
M
142,590:
7,597,271
3,629,088
3,412,155
36,966,000
Grand Rapids
Lansing—
Indiana—Fort Wayne
Total
1944
Ipc. or
$
cities
12
JjJ
1945
504,245,258
Districts
1st Boston
5,046,126 *
756,550
Rockford
by Federal Reserve Districts:
OF BANK CLEARINGS
1946
27—
:
8eventh Federal Reserve District—Chicago-
Michigan—Ann Arbor
Peoria
In the
1,930,915
2,259,490
+
1,703,328
51,929,144
1,762,262
Alabama—Birmingham————
Des
The Kansas City Reserve District has to its credit
District of 26.4%.
12,919;232
37,769,467
132*000,000"
2,326,399
Macon
Total
7,549,618
11,142,217
0.8
13,023,191
recorded an increase of 26.3%.
bank clearings at this center having
an
$12,623,292,626 against $10,479,-
Outside of this city there was a. gain of 13.7%, the
402,565 in the same week in 1945.
272,248,307
274,481,390"
53,102,582
156,800,000
2,654,140
ttasnvllle
Georgia—Atlanta
Florida—Jacksonville
we are
2,089,083
182;
37,151,602+
•
Federal Reserve District—Atlanta—
Tennessee—Knoxville
press.
has to be estimated.
Accordingly, in the above the last day of the week in all cases
In the elaborate detailed statement,
(6 cities)
-68,353,759.
foregoing will appear
We cannot furnish them today, in as much as the week
issue of next week.
our
+18.4
-
: -
1,983,802
153,955,925
36,207;367
—
$13,980,743,815 $11,811,317,301
Total all cities for week
in
3,834,456;
670,834,089
639,000,515
Richmond—
All cities, one day
i
-3,287,843
-
-u,
rrm
Fifth Federal Reserve District—Richmond-
Ten cities, five days-
Total all cities, five
104,018,645!
3.8
$9,862;488,046
3,782,904
131,893,425
229;486,294
17;8i6,000
4.1,
s»*|rwfwmp
Other cities, five days—
3,128,697
...
Youngstown—
252,609,000
,
Baltimore—
„
Pennsylvania—Pittsburgh
275.700,000
1—
San Francisco
Cleveland
Federal Reserve District—Clereland—
Ohio—Canton
'
"
4,218,700
+25.2
;v-
1——-----r~*»
2'218'
+58.2
.
676,000,000
Kansas City--
36.3
'
8,841,239
7,920,347
666,509
4.14,311
California—Long Beach
+ 11.6
7,000,454
6,038,433
8,563.743
6,429,670
Pasadena
San
Francisco
334,736,000
San Jose.
Santa
7.P
Barbara
Stockton—
Total
(10 c»r'?g)
7,885,447
—
.
4.163.660
570,681,641;
;
;
.'3,784,535
3,644,559-
+26.7
+12.7
55.6
4,619.442
269,039,000
292,550,000
+
.
: 3,554,17V
+ 64.4
2.162.402-
5.1
4,183,20ft
3,759,037
530,217,236 * +
7.6
*507,662,94.7:
503,054,179
+
20.5
...
5.779.661
12,118,203
8,752,212
5.1
+
2,533.348
5,497,050
+
-Wat.
Jersey—Montclair
e
'
'
———-
Northern New Jersey
lots)
(12
cities)
33.957.444c
32,575,119.
45,019,194
—
•43,192,494
7,316,781,027
5,834,143,430
.357,273
339,782
28,870,917
28,428,928
4.2'
36,497,624
35,833,125
+25.4
5,078,150,794
5,402,335.871
■
+ 60.9
+
4.2
+
.
...
■
.
744,000,000
.
2,513.65^
4,923,600 +182.7
894,393,157
530,265,183
—
4}39;0-
t4,963,527
13,916,7001
$7,068,549,654
x
?+
ttiiffift-
t7,354,738
■VIMUDIMMWUfift
Chicago-———-
New York
605,000,000
1,619,375
+24.1
2,679,001
;; •1,688,824*.
1,549,968 ft':
+ 20.6
+ 30.9
%
1945
1946
486.857
& 887,179. VJ-VW? 668,794!
^725,56T;^:i;M.^t.68d,824!i
4.4
2,250,486
—
Total (10 cities)
May 4—
+30.7
1)958,933.
w,t
—.—
xorK_——---.
Clearings—Returns by Teleffrapft
Week Ended
*
+ 47.4
—s.
1,953,457
3,724,049
WilkesnBjW.re
■
A
•
2,557,333
New, Jersey—Trenton—
.
865,000,000..
xte a a in g
against $U,8tl,317;301 fQr the same week in 1945.
total" Stands at $13,980,743,815
91:1,904:
921,502
-811,186
*
Bethlehem
Saturday, May 4,, clearings,
fdr all cftie« of the United Sfetes frona which-it is possible to obtain weekly clearings
will be 18.4% above those for the corresponding week test year.
Our preliminary
cities of the country, indkate tiiat for
a
1944
or.
will show an increase compared with a year ago.
Bank clearings, this week
At this center there is
Inc.
Deo.*
Grand Total (111 cities)
Outside
tNnt
Jew York™
indicated in totel,
'Estimated.
4.^2,823,292,626
10,479,402,565
5,491,447,135
4,831,346,716
+13.7
9,375,149,029
4;485,473,544
9.946,7C.634
4,741,007,815
r
Monday, May 6, 1946
CHRONICLE
THE COMMERCIAL & FINANCIAL
•'Illr
Company and Issue—
Foreign Exchange Rales
S
Pursuant to the
EXCHANGE RATES CERTIFIED
BY FEDERAL RES ERVE
26,
APRIL
1946
Unit
$
.297733*
.251247*
$
.297733*
.297733*
.251247*
.251247*
.251247*
.251247*
May 2
3.213943
3.214113
3.214113
3.214113
3.214113
.022835
.022845
.022845
.022345
.022845
.022845
.060602*
.060602*
.060602*
.060602*
.060602*
.060602*
Belgium, franc
Brazil, cruzeiro-
Street
Electric
Public
.051902*
.051902*
.051902*
.051902*
.051902*
.909090
.909090
.909090
.909090
.909090
.909090
National
.903125
.908125
.908125
.907390
.907500
.907500
New
.570600*
.570600*
.570500°
.570600*
.570600*
.570600*
.020060
.020060
.020060
.020060
.020060
.020060
.208766
.208766
.208766
.208766
.208766
.208766
4.033437
4.033515
4.033593
4.033437
4.033437
4.033593
.008408
\ .0C8408
.008403
.008408
.008410
.008408
.301821
X01824
.301824
.301824
.301824
.303824
.004434
.004434
.004434
.004434
.004434
.004134
.205800
.205800
.205800
.205800
.205800
.377892
.377892
.377892
.377892
.377892
.909090
.909090
.909090
.909090
.909090
1st
Free
peso
Czechoslovakia, koruna
Denmark, krone
pound sterling
France (Metropolitan) franc
India (British), rupee
Italy, lira
England,
Mexico,
peso
Netherlands, guilder
Newfoundland, dollarOfficial
.905625
.905625
.905625
.905625
.905000
3.227000
3.226833
3.227000
3.227000
.202020
.202020
.202020
.202020
.202020
.202020
.040501
.040501
.040501
.091323
.091323
.091323.238520
.238520
.238520
.233626
.233626
.233626
.233626
.233626
4.005000
4.005000
4.005000
4.005000
4.005000
Controlled.
Honcontrolled
.658300*
.658300*
Ry.,
Fibre
.562900*
.562900*
May 15
2161
Jun
1
*
Jun
1
b
2012
314 % bonds, series A, due 1961
& St, Louis RR.—
314% bonds, series E, due 1980
Pennsylvania Glass Sand Corp.—
3'As due
mortgage
Company and Issue—
Glove Works, Ltd.,
Reserve Banks Combined
(In
thousands
of
000,000.
Increase (+) or Decrease
(—) Since
-r—
Redemption fund for F. R.
750,409
—
13,096,464
Total gold ctf. reserves
cash
Discounts and advances
187,305
—
17,346,055
notes
1945
1946
1946
Assets—
Gold certificates
—
1,737
76,439
+
110,866
1,737
000,000 in the Cleveland District, $32,000,000 in the San
District, and $341,000,000 at all reporting
member banks.
Deposits of the United States Govern¬
ment and of domestic banks declined in all districts.
Francisco
May 2,
Apr. 24,
A summary of the assets
78,344
344,463
2,923
4,412
+
13,141
13,835,470
+ 237,677
+
6,167,296
—158,900
+
1,673,700
Industrial
+ 146.900
+
346,940
781,585
685,850
Loans and
213,550
Loans—total—
—
—
1,497
+
13,141
—
+
loans
Acceptances purchased
and liabilities of reporting
member banks follows:
4-
328,400
224,518
Other
10,408
1-9,028
54
millions
(In
dollars)
of
Increase ( + ) or
Decrease (—) Since
902,942
Bonds
22,379.408
+
275,677
+
2,100,825
22,818,564
+
181,115
+
1,766,589
Due
from
110
banks
foreign
137,847
F. R. notes of other banks—
2,004,296
Items
.—
+
—
775
+
53,233
+
264
43,472,043
Other assets
—
+
100,290
brokers
and
..
dealers
for
U. S. Government
obligations
23,931,916
+
3,957
1,300,850
+
Deposits:
acct.
15,747,249
+
290,284
U. S. Treasurer—gen. acct..
409.255
+
24,625
Member bank—reserve
?'
728,510
Foreign
Other
281,085
...
—
1,399
—148,017
j.
355,619
13,910
—
430,484
—
130,831
—
17,166,099
1,739,377
liabilities.
42,850,086
12,694
165,493
+
280,394
70,663
+
+
1,927
+
68,510
+
1,807,401
+
69
+
+
1~7 U
1,530
344
26
.
37
+
10
24
+
+
+
1,207
427
+
15
1,860
1,262
Treasury certificates of indebtedness
Treasury notes
—
4
11,344
+
.
27.320
■—
3,413
8
+
2
-
235
371
+
386
—
28
+
4,642
311
—
__
—
4-
27
9.958
+
90
591
Reserve with Federal Reserve Banks
10
561
+
—
27
7
Obligations guaranteed by U. S. Government
Other securities
74
145
—
114
—
7,002
'
U. S. bonds
+
+
2
+
77
Loans to banks
_
+
—
—
Balances with domestic banks
..
+
27
+
340
.
25
3
—
2,141
—
85
20
+
Liabilities—1,010
181,719
Surplus (Section 7)
Surplus (Section 13b)
Other capital accounts
of
serves
note
54,455
263
—
39,600
liabilities
to
32
+
1,531
13,383
—301
+
6,653
Domestic banks
9,407
—257
Foreign banks
1,258
+100,290
+1,912,279
44.0%
0.2«
282
Borrowings
to
demand
Interbank
and
1,681
131
1,556
cities shows the following principal changes for the week
ended April 24: Decreases of
$175,000,000 in loans and
Divestments, $301,000,000 in United States Government
deposits, and $257,000,000 in deposits credited to domes¬
tic banks; and an increase of
$341,000,000 in demand de¬
posits adjusted.
Commercial, industrial, and agricultural loans de¬
clined
$32,000,000 in New York City, $17,000,000 in the
Chicago District, and $41,000,000 at all reporting member*
banks, and increased $20,000,000 in the San Francisco
District.
Loans to brokers and dealers for purchasing or
Government obligations declined
!' a
of^er loans for the same purpose $24,Loans to brokers and dealers for purchasing or
carrying otlier securities
^increased $37,000,000.
-
21
484
+
286
170
—
deposit accounts except
S.
Gov't
accounts,
14,504
Holdings of Treasury
iills
declined $70,000,000 in the
New York District of which $38,000,000 was outside of
iSilJ$51,000,000 in the Chicago. District, and
$114,000,000 at all reporting member banks.
Holdings of
Treasury notes declined $27,000,000 in the Chicago Dis¬
trict and at all reporting member banks.
Holdings of
stock
Jun
6%
Gas
stocks
1
1
July 1
Anytime
Jun
1
Below will be found a list of corporate bonds, notes,
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
due
1948
May
TENDER
Date
Company and Issue—
Page
debenture..May 22
2287
3
41
Buildings Co., 1st mtge. bonds clue 1960_May 30
Co., 1st mtge. bonds
Aug 1
Conestoga Traction Co., 4% bonds due 1950
May 6
2288
2152
2003
Port
Concession Corp., 8% gold
of Illinois, Inc.—
mtge.
6'As
Jun
.
Bush Terminal
Bush
1st
Gas
mtge.
&
Fuel
Associates—
& collat. trust
May 20
*
Jun
3
May 31
Jun
1
*
2294
Any time
3Vis, duo 1965
4s due 1991
International Paper Co., 1st & ref. 5s,
mtge.
Kanawha Bridge & Terminal Co.,
ser.
A & B
bonds
Oregon RR. & Navigation Co.—
4% consol. mortgage oonds due 1946
Oregon Short Line RR.— /
Consol. 1st mtge. 5% bonds due 1946
52822
1
1868
Jun
debentures due 1968
3'A%
.
Any time
-
52823
bonds due 1947-
Any time
§2824
2294
2158
41
2009
1570
2295
New
York, Chicago '& St. Louis Ry.—
mortgage 3%% bonds, series, D, due 1975
Nineteen Hundred Corp., class A stock
North American Rayon Corp., prior preferred stock
Ref.
6%
*
1870
41
2296
July 1
May 15
July 1
July
1»
prior preferred stock
New York Utilities, Inc.—
Northern
bonds, series B, due 1947
Any time
7% preferred stock
July 1
Pipe Line Co.—
1st mtge. & 1st lien 3% bds., ser. B, C & D clue 1960_May 27
Peninsular Telephone Co., $1.40 pfd. stock, class A
May 15
Pennsylvania Co., secured notes, ser. A, due 1947-1954
Jun
1
25-ycav 3Ve% secured notes, series B, due 1969
Jun
1
Pennsylvania Sugar Co., 4% debentures due 1952
July 1
Philadelphia Suburban Water Co.—
6% preferred stock
<
Jun
1
§2822
1
*
May 30
May 30
*
45
1st lien
Ohio
Serial
6%
& ref.
Leather
2011
Co.,
Eastern
Jun
notes
Philip Morris & Co., Ltd., Inc.—
20-year 3% debentures due 1963
20-year 3% debentures due 1962
Pov/er Corp. of Canada, Ltd.—
5% convertible debentures, series A
4!
2163
45
945
48
Jun
l
*
May
6
2164
bonds, ser. E, due 1960___Oct
bonds, ser. F, due 1961
July
1
l
*
"
6
1907
1
Scott Paper Co., $4 and $4.50 preferred stocks
May 6
Sharon Steel Corp., $5 convertible preferred stock—_July 1
2014
&
& ref.
ref.
mortgage 274%
mtge. 3 74%
°
Shawinigan Water & Power Co.—
collat. trust 374%
1st mtge. &
Shell
Union
23A%
Oil
Corp.—
due 1961
1947-1953
May 24
May 24
July 2
May 8
due
notes
due 1954
Smith (Howard) Paper Mills Ltd., 6%
Southwestern Public Service Co.,
274%
debentures
Pacific
HR.—
**
mtge.
1st & ref. mtge.
Standard
6%
Gas &
3'A%
gold
gold debentures,
gold debentures,
6%
debentures
6%
bonds, series B,,„due 1964:
.1'
ElecteI«;ifeiy^fe-;-•
convertible
due
•
2342
IT'/"-
'
May 15 + i 1614
Jun 13 *
2336
;X.,
Jun 1
1909
mortgage
1st
-
due 1948
a—-—May 15 %y 2015
series |A, due 195Lr.+jwiU*-—Jin 10;'/] 2015
series B, due 1966--—.
Jun 10
2015
1957
Jun 10
2015
notes
—
12015
Oct
gold notes due 1948
Standard Power & Light Corp., 6% gold debs, due 1957_Jun 10
Stanley Works, 5% preferred stock
May 15
Stokely-Van Camp, Inc., 374% debentures due 1958
.May 31
5%
cumulative
preferred
Texas Power & Light Co.—
6% gold debentures bonds,
Thrift Stores
2336
2336
2336
1481
pref. stock
preferred: stock-May,23^
.
3%s, series
due 1996-isii-^—:bonds, series. A/'due ? 193L+-i——
1st
1
bds., ser. K, due 1970-Jun
debentures
Serial
First mtge. pipe line bonds,
St. Joseph & Grand Island Ry.—
mortgage 4%
51513
2157
2006
2006
2292
2157
Co.—
Tennessee "Gas & Tr ansmission Co.—
.
1st
*
*
*
*
1863
2292
1865
1866
2007
20-year 6%
Fonda, Johnstown & Gloversville RR.—
1st
1861
2290
3'As, series A, due 1968
Jun
3
6% preferred stock
Jun
1
Jones & Laughlin Steel Corp.—
5%
convertible preferred stock, series B
May 27
LeTourneau (R. G.), Inc., $4.50 conv. preferred stock__May 6
Louisviile & Arkansas Ry., 1st mtge. 5% bonds, ser. A_Jun
1
McLellan Stores Co., 5% convertible preferred stock
July 8
Merck & Co., Inc., 5V4% and 4'A% preferred stock
Jun 17
Monsanto Chemical Co., preferred stock, ser. A, B & C_Jun
1
Mountain States Telephone & Telegraph Co.—
6%
Terminal
Eastern
1861
Foods, Inc.,
Southwestern Bell TeleDhone
Associated Laundries
(closed)
1859
1562
6
Steel
Hackensack Water
Southern
1st
*
52142
1857
Corp., $1.75 preferred stock-July 1
Dennison Mfg. Co., prior preferred stock
July 1
Detroit, Toledo & Ironton RR.—
1st mortgage 4s, series A, due 1967
Jun
1
Di-Noc Co., 6% convertible preferred stock
Jun
1
Dominion Dairies, Ltd.—
6%
first mortgage bonds due 1957
Jun
1
6% general mortgage bonds due 1957
Jun
1
Drackett Co., 5%
15-year debentures due 1959
Jun
1
Empire Gas & Fuel Co., 3'A% debentures due 1962
May 31
Fair, 6% preferred stock
May 15
General Telephone Corp., $2.50 preferred stock
May 25
Gorham, Inc., $3 preferred stock
May 15
Great Northern Ry.—
4'A% gen. mtge. gold bonds, series E. due 1977
July 1,'47
Gen. mtge. 3'A% gold bonds, series K, due I960—July
1
Gen. mtge. 3%% gold bonds, series L, due 1970
July 1
Gen. mtge. 3'A% gold bonds, series M, due 1980
July 1
Greenfield Tap & Die Corp., $6 preferred stock
May 31
Griess-Pfleger Tanning Co., income debentures
Jun 30
1st
preferred and common stocks called for redemption,
Including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
Asuncion
2285
2285
c
1718
July
Jun
Saguenay Power Co., Ltd.—
1st mortgage 474% bonds, series A & B, due 1966—May
St. Joseph Ry., Lt., Heat & Power Co.—
1st mtge. 474s due 1947
Jun
Notices
OF
Page
2285
1
Corp.—
debentures
income
Consolidated
1st
Redemption Galls and Sinking Fund
NOTICES
*
July 1
May 18
Railway & Light Securities Co:, pfd. stock, series A
Rochester Telephone Corp.—
2.1%
% The condition statement of weekly reporting member
banks of the Federal Reserve System in 101 leading
e?
+
+
1
U.
Condition Statement of Member Banks
000,000.
—
indus-
mrml loans
S'Sa
+
Interbank deposits:
during week
combined
make
+ 341
Demand deposits adjusted
Debits
43,472,043
gold certificate re¬
to deposit and F. R.
Commitments
7.
+
27,428
Total liabilities & cap, accts..
Ratio
+
358,355
14,013
120,202
38,089
9,800
U. S, Government deposits—.
Capital Accounts—
Capital paid in
Power
Panhandle
Time deposits
Total
»
2201
*
*
2202
1st mtge.
1,185
Other securities
preference
Co., 6% 1st preferred stock
American Superpower Corp., first preferred stock
Bond Stores, Inc., 4 'A % convertible preferred stock
Butte Electric & Power Co., 1st mtge. 5s due 1951
Certain-teed Products Corp., 6%
prior pref. stock
Hunt
224,230
277
+
1,830
obligations
Cash in vault
deposits
Total
Deferred availability items
Other liabs., incl. accrd, divs
41
757
U. S. Government
Treasury bills
Federal Reserve notes
3,861
7,468
1.388
Other loans
Liabilities-
+
pur¬
Other securities
1,930
1.912,279
+
4-
33
and agricultural
industrial,
Real estate loans
Total assets
8,282
175
14,992
Other loans for purchasing or carrying:
1,142
44
33,679
Bank premises
6
134,883
$
chasing or carrying:
46,411
4.
69,675
—
1945
$
65.34C
Investments—total—
to
1946
$
loans
Loans
Total loans and securities..
Apr. 17,
1946
Assets-
Commercial,
Uncollected
Apr. 25,
Apr. 24,
U. S. Govt, securities:
2164
*
2200
Date
614%
Co., Inc., class A stock
Co., $7, $6 & $5 preferred
American Crystal Sugar
Commonwealth
deposits adjusted increased $277,000,000 in
New York City, $48,000,000 in the Chicago District, $35,Demand
dollars)
May 1,
$40,000,000
City and $28,000,000 at all reporting mem¬
Holdings of "other securities" declined $27,-
in New York
ber banks.
*
*
2164
1
Jun
Supply Mfg.
Alabama
Government bonds increased
.1960
ENTIRE ISSUES CALLED
Aero
States
r
Co., 1st mtge. 3s due 1958
Acme
United
2293
1570
2011
Chicago
.562900*
♦Nominal rate.
Statement of Condition of the 12 Federal
due
mge.
.658300*
.562900*
.562900*
.562900*
bonds due 1969
1st mtge., 33As
Co., 41/4% debs,
3%%
Transfer
mortgage
Wilson &
.658300*
.658300*
.658300*
May 24
Jun 1
1960—May 10
A, due 1961
Jun
1
May 18
Jun
1
July 1
Jun
1
United States & Foreign Securities Corp., 1st pid. stock_Jun 30
$4.50
1st
preferred
stock
Jun 30
.233626
4.005000
Uruguay, peso-
ser.
Co., 4% preferred stock
Cap & Seal Corp., conv. preference stock
Sunray Oil Corp., 15-yr. 334% debentures due 1959
Tide Water Associated Oil Co., $3.75 preferred stock
Toledo Edison Co., 314%
debentures due 1960
.091323
.238520
4s,
Co.—
Standard
.238520
.238520
♦
*
2291
Sherwin-Williams
.040501
.040501
mtge.
1st
Jun
Jun
1965
mtge. & collat. trust 3'As due 1964
May 10
Poli-New England Theatres, Inc.—
1st mortgage bonds due
1958
Jun
3
Public Service Co. of Colorado, 4%
debs, due 1949
Jun
1
Revere Copper & Brass, Inc., 1st mtge. 314s, due 1960_May 15
Ruppert (Jacob) 414%
preferred stock
July 1
.905000
3.227000
.091323
1
1858
1858
2002
»
Ref.
.909090
.040501
1
'«=
*>
2000
Pennsylvania Water & Power Co.—
.377892
.091323
Co.,
Vulcanized
York,
Ref.
1st
3.226833
Zealand, pound
Norway, krone
Portugal, escudo
Spain, peseta
Sweden, krona
Switzerland, franc
Union of South Africa, pound
New
2285
England Power Co.—
1st
New
.205800
.
bonds due
Service
mortgage
Minnesota
Page
15
30
1
1
1
1
15
1
15
Depot Co.—
3%%
Iowa
.051902*
Colombia,
Union
mtge.
Iowa
Canada, dollarOfficial
Date
convertible
1st
.•
Roller
&
May
Jun
July
Jun
Chicago Corp., preferred stock
i
Jun
Cities Service Co., 5% conv. debentures due 1950
Jun
Clyde Porcelain Steal Corp., 5 Va % conv. bonds due 1960_May
Deerfield Packing Corp., 1st mtge, 4s due 1956
Jun
Dryden Paper Co., Ltd., 1st mtge. 6s, due 1949
Jun
Fort
3.213946
pound
Ball
»
REDEMPTION
Bearing Co.—
preferred stock
Aireon Mfg. Corp., 60-cer.t conv. prefevred stock
American Bemberg Corp., 7% preferred stock
Bell & Howell Co., 4'/4%
preferred stock
$
.297733*
.297733*
.297733*
1
May 10
Company and Issue—
Aetna
1930
May 1
April 30
$
.251247*
Australia,
of the
PARTIAL
5%
April 29
g
A
Free
OF
ACT
INCLUSIVE
1946,
April 27
April 2'J
Argcotlna, pe®°—
2,
TARIFF
UNDER
TREASURY
TO
Buying Rate for Cable Transfers in New York
Value in United States Money
Noon
Country and Monetary
TO MAY
BANK
Page
May
mtge.
Texas
buying rate for cable transfers in the different countries
passed:
Date
'
Rooky Mountain & Pacific Co.—
5s due 1955
Gas Utilities Co., 1st mtge. oonds
Louis,
1st
the Tariff Act-of 1930, the Federal Reserve Bank is now cer¬
requirements of Section 522 of
tifying daily to the Secretary of the Treasury the
world.
We give below a record for the week just
FOREIGN
St.
.
-
May 13
May 13
stock
3% series, due 1965
.
2015,
1615
*
.<
'
.■
.
series A. due 2022
-July 1. '47
Ltd., 1st cumul. red. conv, pref, stock—July 1
2201
2201
%
YYft.
$2490
"'1771 f
■
"Volume
THE COMMERCIAL &
Company and Issue—
.
i
Number 4487
163
Date
Tyler Building Co., gejL-mtge. income bonds due 1953—May 15
Commercial
3% refunding mortgage bonds, series B, due 199Q
May 6
United Biscuit Co. of Americrt, 3 V2 % debs., due 1955—May 20
5%
cumulative preferred stock
May 20
United States Hoffman Machinery Corp,—
.
,.
57? ""
A
preferred
Consolidated Amusement Co.,
Quarterly
Co.
1
2343
Consolidated
8
2055
Consolidated Edison Co.
1
5%
general mortgage bonds, series A
May 30
Wool worth (P. W.) Co., 2V2% sinking fund debentures_July 15
this Issue,
Volume
tin
5Tn
161.
Volume
Biscuit
N.
5-25
5-13
Neon
6-
8-
1
Nestle-Le Mur, $2
6-29
6-
1
New Bedford'storage Warehouse
6-29
6-
1
New
9334c
6-15
New
York
3%$
Company,
preferred (quar.i
Works
Knowles
Pass
Ltd.
additional
share for
Ice
each
Coal,
&
7%
four
pfd.
1
5-
8
3
5-
8
100%
7-
1
6-18
75c
7-
1
6-
7
35c
(s-ai
& Co., 7%
preferred (quar.)
Detroit-Michigan Stove (stock dividend).
Diamond
6-
6-
6-
1
5-
9
50c
Press, Inc. (stock dividend)
Publishing Co., prior pfd. (quar.)
Coal,
5-22
$$1.50
Loom
Nest
One
6-25
5-15
$T75
5-
1
4-20
62 72 c
7-
1
6-10
Dominion
Envelopes & Cartons—
preferred
(quar.i_:
7%
Electric
and Investment News Department" in the week when
declared.
Durham
187 7zc
6-
1
Acadia-Atlantic
Class
A
5%
pref.
Acme
Glove
Wire
7 %
When
Payable
Holder*
5-20
Embassy
6-
Allied
Stores,
4%
$3
convertible preferred
American
(St.
American
Fork
Hoe
American
American
6'.
&
Socket
Furniture
Hide
American
Thread,
5'•
Pulley
Co.
Co.,
new
4-24
5-
1
4-24
6-10
5-15
(initial)
__
20c
6-
1
6-
1
5-22
6-15
5-25
5-25
5-25'
5-25
5-
6-12
5-29
25c
5-15
5-
9
Co.,
5-31
75c
(quar.i
common
(quar.i
6-15
6-
1
5-10
6-
1
5-10
Class
A
(quar.)
$15c
Anheuser-Busch,'Inc.
Trap
Common'
5't
Atlas
Atlas
Co.
Te.ck
Avondale
Bankers
&
Y.'
(N.
JBlaw-Knox
6'»>
preferred
Bond
Stores,
Borden
4%-
•Boston
Woven
Brach
<E.
Braniff
J.i
Airways,
Bristol-Myers
33»'<
British
Building Products,
California
Camden
Forge
5'2 '•
Bread
class
A
Canada
Central
Arizona
Bag
Ohio
Bel,
Chain
Stores
se.50
6-10
5-13
5-15
5-10
6-29
1
5-11
5-25
5-15
6-
6-15
5-17
$1.25
5-31
5-17
(quar.i
(quar.)
$25c
(initial)
__
7-2
6-5
10c
6-15
6-
1
5-15
34y,«c
tannuali-
7-
1
6-15
ilOc
7-2
6-5
7-
6-5
2
Corp.
1st
__
pfd.
_
(quar.i
_
6-15
jMills
dividend)
t/oc
7-
2
5-31
$1
6-
7
5-27
75c
5-23
5-
6
5-23
5-
6
5-31
15c
30c
,
5-15
6-
5-10
1
6-15
100''
1
5-15
5-
8
5-
5-25
25c
5-10
4-30
6-
Common
preferred
Cleveland
$3
Business
Machine
&
(quar.)
regular guaranteed
special
guaranteed
Milling
preferred
.Columbian
&
(quar.i
(quar.i
Elevator,
common
iquar.)
Carbon
Co.
(quar.)
6-15
6-
7-25
6-29
6-
1
5-20
6-
1
1
5-20
6-
75c
6-
1
25c
6-
1
4
5-
1
5-20
5-15
5-20
5-
3
6-14
5-18
35c
6-
1
5-10
$1
6-
1
5-10
$1.75
75c
$1.25
1
4-26
6-15
5-28
5-
6-15
5-28
50c
5-15
5-
7-1
6-5
8
7-1
6-5
6-
1
5-10
50c
6-
L
5-10
6- 1
6- 1
6-10
5-15
5-15
5-15
I6V4C
75c
35c
Nova
5c
Scotia
preferred
Nil-Enamel
Ohio
Oil
Corp.,
Co.
$$1.50
30c
(quar.)
common
convertible
60c
preferred
15c
(quar.)
Orange
5-
6
Oxford
Paper,
5-15
5-
6
Pacific
Fire
5-15
5-
6
Parkersburg
5-10
Insurance
Rig
Reel
&
5-21
5-25
5-31
5-21
6-15
6-
6-
1
5-
9
Peoples
5-
6
Perkins
Machine & Gear,
Consolidated
Dredging, Ltd
(quar.)
com
(quar.)
Light 8: Coke
7#
Peter Paul, Inc. (increased)
pfd.
(quar.)..
dividend
6%
preferred
(quar.)
Corp.
(quar.)
Suburban Water com. (quar.)
5-
1
4-15
Phelps-Dodge
6-
1
5-17
Philadelphia
6-
1
5-15
67c preferred
Phillips Petroleum Co. (quar.)
Pittsburgh Bessemer & Lake Erie—
75c
5-15
5-
6-
1
5-15
1
5-
2
4-26
7-
1
6-14"
7-
1
6-14"
67c
preferred
$5 convertible preferred (quar.)
Pittsburgh Steel, 5Va7c prior pfd. (accum.)
Corp. of Canada—
50c
6-10
6-
6-
1
5-20
6-
partic. preferred (quar.)__
6% preferred (quar.)
Public Service Co. of Colorado—
67e
preferred (monthly)
5#
preferred (monthly)
7 % preferred (monthly)
Rapid Electrotype (qpar.)___
1
5-10
0-10
5-20
6-10
5-10
6-10
5-11
5-15
5-
6
6-29
5-14
6-
1
5-15
6-29
5-31
1st
6.7c
non-cum,
Princess
$$1.25
$1.6272
100%
6-10
6-
5-
4-24
8
6-10
$1.50
1
5-22
preferred
,
Co., Ltd.—
preferred
(accum-)
Remington Rand, Inc., common
$4.50 preferred
(quar.);
Rochester
-
—_—
1
20c
6-15
6-
1
preferred (annual)
Roxy Theatre, $1.50 preferred (quar.)
preferred
7"r
preferred
A
Heater
Lake
Co.
Wines
Corp.
Superior
5'.'c
"S-2"
(irreg.)
(irreg.)
__
—
common
—
Sons
Taylor,
New
0%
1st
Company,
preferred
(quar.)
—
4-30
12 72c
6-25
6-15
5-25
5-15
5-15
4-29
5-20
5-10
1
5-15
30c
6-
67-
20c
(quar.)
5%
& Sons,
(H.i
preferred
5-15
Simon
6-10
5-10
Brewery
iWm.)
7
Southern Canada Power,
6-
1
5-
7
6-
1
5-
7
$1.50
6-
1
5-17
preferred (quar.)
Sport Products, Inc. (s-a)
Squibb (E. R.) & Sons, common (quar.)
5-10
5-
3
5-
4
7-
1
6-
5
$4
preferred
preferred
Standard
133*c
6-
5-15
of
New Jersey
of
Oil. Co.
Co.
Ohio,
4-30
4-20
7-
1
6-
7
5-15
Stein
$1.50
6-
1
5-15
$1.37 7a
8-
1
5-
1
5-15
<
6-15
&
(A.)
New
(stock
Co.
(H. H.)
Packing,
Water
Mutual
Co.
Life
6'/2%
Sterling
Drug,
Corp.
Stores
(extra)
Inc. (increased)
(quar.)
Carpet Mills (quar.)
Molybdenum Corp. of America
Monsanto
Chemical,
preferred
preferred
Twist
Motor
Finance
pfd.
4-29
Stouffer
4-29
$1.62 72
1
5-20
6-
1
5-21
5-
1
4-29
6-
8
5-24
(quar.i
12 Vac
7-
1
6-15
$2.25
6-
1
5-10
$2.25
6-
1
5-10
6-
$2.25
B
$2
&
Corp.
Machine
(quar.)
—
Tyler Fixture. 7 7o preferred A
8 7c
preferred B
A
(quar.)
6-12
6-12
6-14
7-15
5-15
4-29
5-X5
5-15
6-12
6- 1
5-19
4-30
4-23;
50c
25c
Swift International Co., Ltd.—
6-
C
Drill
Morse
$4.50
6-12
6-12
75c
Mohawk
7- 1
5-28
6-16
25c
Brothers
40c
_
8- 1
50c
Extra
Stcrchi
4-25
$2.50
50c
(quar.)
6- 1
10c
1007*
35c
(initial).
common
(quar.)
pfd.
(increased)
Insurance
8-15
7-15
5-16
6-12
93%c
dividend)
10c
Midland
5-24
$20c
25c
33/4# preferred A (quar.)
Standard Silica Corp. (quar.)
20c
Extra
(s-a I
common
$1.75
7-1
6- 1
5-31
5-17
6-12
50c
50c
$1
Extra
183/4C
75c
7- 2
6- 1
18%c
Standard Oil Co.
25c
6-15
50c
(quar. >
Forgings Corp. (quar.i
of California (quar.)
6-14
5-
Standard Oil
Megowan-Edupator Food, class A
Metropolitan Storage Warehouse (quar.)
Meyer-Blanke Co. (quar.)
(quar.)
Standard-Coosa-Thatcher
6-28
1
6-15
6- 1
6- 1
4Qc
(quar.)
convertible
$1.60
Standard
—
7-27
Standard Cap & Seal Corp.--
5-15
8
6-10
7- 1
7- 1
6-29
$$1.50
^Oc
25c
$i
common (quar.)—
partic.
20c
s-ai
preferred
convertible
5- 8
6- 1
5-25
46c
7
5-
1
5- 8
Paper—
5-
1
6-
6- 1
$1.00
2c
1
8
6-15
7- 1
7- 1
25c
6-
5-
6-15
$$1.90
35c
$1.1272
6-1
6- 1
6-15
25c
Sivyer Steel Castings
Skilsaw, Inc.
(quar.)
Southern Advance Bag &
5-15
1
41%c
58 '/ac
3772c
l2'/sc
$3Qc
(quar.)
1
2
67c
6-
$$1.25
common
(quar.)
5-24
$2
5-15
50c
$$1.25
(quar.)
preferred
5'*(■
7-15
15c
15c
62720
Signode Steel Strapping, com. (quar.)
5y<
preferred (quar.)
:
SilverwoQd Western Dairies, Ltd.—
Simon
7-15
$75c
50c
(quar.)
6-
25c
preferred (initial
Trading Corp.—
1
5-11
6-1
130c
50c
(s-a)
& Gass, Class A
B
Class
$3.00
75c preferred (quar.i
Maryland Drydock, 7% preferred
Corporation, common
$6
preferred
(quar.)
$5.50 preferred (quar.)
$4
5-15
Ltd.
Mines,
Signal Oil
20%
Mead
$4.50
5-
25c
dividend)
convertible
Manufacturers
Meyer
Sigma
1
5-15
34c
$1.25
(quar.i
common
(quar. i
Company
(stock
common
5rc
Sick's
3
$12 72 c
preferred
6-
$1.25
$1.37%
$1.1272
$1.25
$40c
(quar.)
$4.50 preferred (quar.)
$5 convertible preferred
Breweries, Ltd
$25c
(quar.)
1
377aC
Inc.,
$25c
(quar.)
B
Magnavox
3
6-
Roebuck & Cp.
Sears
'
—
1
6-
25c
25c
$127ac
A
&
6-
1
$25c
Extra
Lord
5
7-
$1.25
(quar.)
Lindsay Light & Chemical Co. (increased)
Loblaw Groceterias Co., Ltd.—
Class
7-
5-27
5c
Power,
1
6-
$5.00
Sharon Steel,
6-10
10c
(quar.i
&
Servel,
6-10
15c
Cnampagne
District
preferred
(John A.)
Lang
6-10
1
3772c
(quar.i
(quar.)
&
1
80c
Creamery Co., common
preferred
(quar.i
Salle
1
7-
$1.25
Knudsen
60c
77-
50c
(quar.)
(quar.)
common..
(quar.)
Shops
$1.50
5 '/<.
(quar.)
non-cum.
$1.75
(quar.)
Jones & Laughlin Steel, common
preferred B
Kearney & Trecker
5 7c
F
Pittsburgh Coal Co.,
$1.3772
preferred
5r'c
preferred
4%
Saco-Lowel!
(quar.)
6-
Electric—
&
Gas
(increased)
6-
6%
6- 1
6-10
6- I
Grain
6-15
Jersey Central Power & Light—
5 V2 %
preferred (quar.)_
2Qc
$1.50
$1
Extra
6Vn'.'»
50c
(initial)
$1.50
40c
6- 1
6-10
5-24
$$1,50
(quar.)
Shops,
Rochester &
Iowa
6-15
7-15
$1
$1.75
$1
300%
6-15
power
1
5-15
i
1
5-31
Pittsburgh Coke & Chemical—
5-10
(reduced
1
6-
$2Qc
$$1.00
$1.50
(s-a)
1
Natural Gas Co.
Southern Utilities Co.
1
6-
50c
1
Interstate
1
6-
$$1.75
Ltd.,
preferred
Co.,
5-
5-11
SI.O6V4
Gold
Paton Manufacturing Co.,
Stock
6-14
25c
common
preferred (quar.)
$4.25
6-15
6-15
$2.02
$3
$1.75
Gas
5-24
7
6-15
$1.25
(accum.)
(quar.)
$1.50
V/c
1
7-12
25c
preferred
6# pfd. (s-a)__
7'h
Telephone,
$5..preferred
County
5-15
1
6-10
6-
25c
(s-a)
Extra
Oklahoma Gas & Electric,
Pato
1
Light & Power—
6-
Middlesex
87'/2c
Insurance
(quar.)
6-
6-12
1
Co.—
stock
5-27
Co.
25c
7-
5-15
$1.12Va
RR.
—
Magor Car Corp
50c
(quar.i
5-21
Life
National
Pharmacal
4flc
$5
75c
Pittsburgh
1
6-10
Gas
Extra
G#
G-
Gas
(reduced)
Mahoning Investment Corp. 1 irreg. 1
Majestic Radio & Television—
75c
iquar.)
5-15
Northwestern
Reliance
(stock dividend)
5-22
15c
common
1
1272c
5-22
$1.12!/2
Machine,
6-
Corp., Ltd.—
5-24
(quar.i
Milling
5-15
5-15
25c
Products
1
(quar.i
Corporation
1
Ltd.—
6-10
Co.
preferred
Oklahoma
$50c
(quar.)
6-10
Co.
(quar.)
City Baking, 7% preferred (quar.i.
Clark Equipment Co.. common (quar.i
5%
preferred (quar.i
Cleveland
Builders
Supply
Cleveland Electric Illuminating—
4%
Co.
of Canada,
25c
$3.50
6-10
Northern
$10c
Macmillan
5-15
Colorado
5-10
5-10
10c
Natural
5-10
Corp
1
5-29
30c
Northern
5-22
1
7-
6-25
1
6-
75c
5-28
6-
6-
5-15
6-15
35c
5-31
6-15
$1.1272
5-25
1272c
j$l
(quar.)—
65c
6-10
•
5-25
Ltd. (quar.)
North American Rayon, 6# preferred
Products
Class
g'ii
6-
20c
Cincinnati
Mines,
Textbook
La
Chilton
Chrysler
Norar.da
3772C
(quar.)
convertible
Kysor
Corp¬
(quar.)..
5-31
International
5-15
RR.
Company
6-10
Corp.,
International
5-15
90c
(quar.i
Hundred
Co
25c
Hill
Nineteen
fOc
preferred (quar.i
Industrial Silica, 672%' preferred (accum.)_
6-15
25c
preferred
4-26
$1.25
Interim
Industrial Acceptance
6-15
Chicago Corp., $3 preferred (quar.i
Chicago Yellow Cab (quar.i
7%
1
50V2c
Investment
1
—
Extra
quar.i
(slock
Y.)
(N.
—
(quar.)_
Peanut
International
.04
Shares
class B
31c
(irreg.)
(Tom 1
Steel
Speculative
5-
$1.50
quar )
Huston
Power—
(initial
(increased
Lighting &
Imperial Tobacco Co.
Inland
Diversified
5-31
$1.1272
(quar )_
(quar.)
Refining
$50c
75c
Co
Candy
$4.50
6-
75c
(s-a)
Light & Power..-.
Co. (quar.i
&
pfd.
6%>
p/d.
Oil .&
$50c
(quar.i
Co.
preferred
5%
.15
6-15
25c
Co.,
Glass Co.
Steel
Investment Fund
C2 72c
(quar.)
4 7a 'iv
Keystone Custodian Funds,
Ltd.—
(increased 1
5-25
Series
75c
Hudson
6-5
7-2
$$1.12Vi
(quar.i
bearer
5-25
Industry
Industry Series
75c
(quar.)
(s-a)
Humble
5-25
15c
Extra
4''
1
$6272c
5%
&
Indiana
6-
20c
Ltd.,
5-25
.10
Equipment
Industry Series
50c
(quar.i
Power (quar.i
Bay Mining & Smelting (quar.)
6-25
7-1
6-5
Engineering
(quar.i
Chapman Valve Mfg.. 7 7
pfd. (s-ai
Champion Paper & Fibre, com.
(quar.i
$4.50
8
8
7-2
preferred
Chestnut
55-
J25c
Chambersburg
Chase
5-23
5-23
(quar.i
Investment
preferred
Chain
Horn
Houston
7-
common
5-25
.04
Tobacco
25c
Co.
hardart
5-31
5-15
com.
.08
Steel
4-30
37 y2c
(quar.)
Heywood-Wakefield Co., common
5%
preferred jB (quar.)
5-15
5-14
Forgings,
Light
Ribbon
Hazel-Atlas
1
7-15
Burlap
&
7
1
Co.,
Corporation
6-15
6-
t37'/2c
Co.,
Central
5-31
5-24
common
&
Foreign
Central
5-
15c
(quar.i
RR.
5-15
6-15
93-»c
preferred < s-a 1
Caterpillar Tractor Co. (quar.i
Century
**5-15
(quar.i
2nd
3.6''
1
(increasedi60c
Ltd.,
Carpenter Steel Co.
5%
6-
(quar.i
(quar.)
Malting
Catawissa
Hartford-Empire
6-15
preferred
Registered
Canadian
5-15
5-22
quar.i
(quar.)
Foundries
Class
1
50c
(quar.i
(quar.i
Co..
B
4121st
Canada
6-
common
Co.,
Co.
Harsh aw Chemical,
50c
new
Railroad
6-20
Pfaudler
preferred
Water
Hammond Instrument
1
Ltd.
6-20
1
Gas Light—
non-cum.
Hajoca
1
Mills,
preferred
Canada
5%
Cotton
1
5-15
5-20
5-16
$1.50
Buckeye Pipe Line Co. (quar.i
Budcl (E. G.) Mfg., $5 prior pfd.
5-25
5-25
,08
Series
377aC
—
5-25
.07
C-
6''
5-25
Railroad
35c
5-15
7-
Co.
7-
5-25
6-20
25c
5-15
6-
Oil
American
7-
$1
Co.
.06
,Q5
35c
Co
1
$1.121/2
(quar.i
preferred
1
5-25
.07
.09
Series
5-25
;.Q9
Series..
Stock
25c
iquar )
Co
5-31
35c
Inc.
Corp.,
partic.
7-
25c
(quar.)
Co.
.09
5-15
6-14
6-
10c
(increased
1
6-14
5-31
50c
Sons
6-
$50c
(N. Y.) (quar)_
Engineering Works (quar.i
Hackensack
Series
Industry Series
Public Utility Industry Series
10c
Greenfield
Bonds
Oil
15c
5-28
75c
(interim)
&
Metals
American Indemnity
5-21
1272c
(quar.)
common
Boyertown Burial Casket
1
7
Lakes
5%
Rubber
65-
Great
4-20
15c
&
preferred
.10
Machinery Industry Series
Merchandising Series
6-15
5-25
$1.00
(quar.)
$1 preferred
W.)
(H.
1
$1
(quar.)
preferred
Hose
1
15c
(quar.i
Rubber
&
Union
6-10
*12'ac
Company
Insurance
5-
Great
Sons—
Tobacco,
4-27
—
Company
Brothers
8
5-15
Norwich
common
Manufacturing
Gorham
Gossard
6-15
tl2l/nC
partic. A (accum.)
Blauner's
(Phila.),
Common
$3
preferred
(quar.)
5-
50c
•_
&
D.)
Co.,
15c
Insurance
(quar.i
common
5c
(quar.i
Canada
of
Tiro
5-
5c
$1.60
Block
4-26
$1
Co.
Extra
<W.
4-26
1
pfd.
preferred
(quar.)
General Steel Castings, $6 pfd. (accum.)
General
Telephone, $2.50 preferred
50c
Quarterly
Barter-Ellis
Beath
1
5-
$1.25
(quar.i
Shippers
5-
Government
Stores—
$1.50
$1.25
(monthly 1
preferred
Phoenix,
50c
Building, Inc. (vtc.)
Baltimore Radio Show, Inc., com.
;
preferred
37V2c
(quar.i
(reduced)
Balfour
6
5-23
20c
Corp.__^
Mills
5-10
62'/2C
quar.i
5%
preferred
Refining CoT (quar.i
Powder
7
6-
4-26
Dredge & Dock Co.—
(quar.)
Ltd.
Trailer
convertible
Grand
(quar.)
Power,
Atlantic
6-1
$1
America —
(increased
preferred
Arizona
(quar.)
of
Co.,
4%
General
General
Anglo-Canadian Telephone—
4 72%
$1
Companies,
7%
1
25c
Company,
Fruehauf
5-15
75c
Tobacco
4-30
6-14
5-
20c
to
5c
Connell
preferred
Fraser
5-31
5-15
50c
(quar.i
1
20c
25c
Foundries
7-
3
Rubber,
Quarterly
Flintkote
Equipment Industry Series
Food Industry Series.
2c
(quar.i
quarterly
Simons &
Fitz
5-31
5-15
&
H.)
5-25
5-25
.07
Chemical
Series
Electrical
12 72c
Corp
5-25
,02
.03
6-21
5-15
5c
(M.
5-25
.08
Industry Series
1
1
30c
Extra
5-15
I2V2C
(:s-a )
(quar.i
Steel
Animal
Firestone Tire
Frshman
—
75c
(quar.i
Rolling Mill
American
Petroleum
"5("
.04
.12
.09
7-
15c
Works
Screw
1
.10
Series
45c
(quar.i
6-
5-25
5-25
Diversified
Extra
Federal
Increased
5c
common,
preferred
American
B
5-15
1
Corp.
.07
Equipment Industry Series
40c
(quar.i
5-20
Business
4
6-
$ 25c
Works
$l,27Va
Building Supply Industry
30c
Gas
(quar.)
Stocks, Inc.—
Stock
90c
common
5-20
Gas—
Industry Series
Alcohol & Dist. Industry Series
Automobile Industry Series
Aviation Industry Series
25c
(quar.i
River
$4
preferred
News
Class
1
5-
A
&
—
(quar.)
Federal-Mogul
Leather—
&
convertible
American
6-
25c
(quar.i
Fall
6-27
9
12'/ac
tquar. 1
Co
Co
American
American
7-20
Louis 1
...
&
5-
70c
s-a)
Quarterly
Forging
4-30
5-15
7oc
(quar.i
Insurance
American
5-1.0
5c
(increased
Automobile
87li>c
Class
York
New
75c
Employers Reinsurance (quar.)
English Electric Co. of Canada—
5-31
$1
common
Holding Corp.
1
50c
(increased)
Co.,
4-30
25e.
iquar.i_
(quar.i
<quar.i_.
Brothers
Amerex
pfd.
7 '<
1
7-
t$1.75
common
preferred
Altorfer
6-
preferred
$1.50
(quar.i
Associates,
State Electric
5-
5-15
300%
Participating
4-30
6.JO#
30c
Dry Goods
Realty
Preferred
1
5-15
6-15
(quar.)
5-15
Ry.—
Walker
6-15
+45c
(quar.i
Company
Massachusetts St.
Ely &
25c
6-15
5- 1
5-10
2c
(s-a)
dividend)
1st preferred (quar.)
Manufacturing Co. (quar.i
6%
6-10
7-
25c
5-1
$1.50
(stock
Eastern
$$2.71
(increased)
Kid
Brewing Co.
2
t25c
Works, 6'/?preferred
Company
Allentown-Betblehem Gas,
Allied
B.
(quar.)
preferred
Air Lines
of Rec.
Ltd.—
tquar.)
1
$1
15c
quar.)
Eaton
(quar.i
preferred
&
25c
;
1 1
6-
15c
tOc
(quar.)
Corp. (initial
Eastern
Agnew-Surpass Shoe Stores—
Common
class A
i $ 1.25
partic
preferred
Acme
Refineries,
Sugar
6 /c
E.
are:
preferred
4%
(quar. 1
common
5-15
6-
$1.75
(quar.)
40c
New York Shipbuilding Cprp.—
Founders
shares
(voting)
(reduced)75c
Participating stock (non-voting) (reduced)
75c
Bank
Hosiery Mills—
Corporation,
partic. Class A (accum.).
Agricultural
>
held
(quar.)
Dixie Cup Co., $2.50 class A (quar.)
Dumor.t
Per
5-15
$1.50
Britain Gas Light
second table in
Share
5-15
2c
$$1.50
(s-a>
6-29
Dravo
Name of Comvanv
.
Western Canada—
of
preferred
$3.00
(s-ai
ord of past dividend payments in many cases are
given
under the company name in our "General Corporation
The dividends announced this week
Products
6#>
$3.00
previously.announced, but
yet been paid.
Further details and rec¬
not
1
5-22
20c
$3.00
show the dividends
which have
5-10
series (irreg.)'.-,—
Nebraska Power Co., C'/c
preferred (quar.)
77? preferred (quar.)
Neisner Bros., Inc. (quar.)
Group
1st- preferred . (s-a)__
2nd preferred
(s-a)
grouped in two separate tables.
In the
bring together all the dividends announced the
we
6-15
$$1.25
Deere
-Which
1
lCc
' 7c
3rd preferred
Curtis
a
6-
4 Payable
^ 6- 1
20c
-«t
(irreg.)
6%
Cuneo
follow with
6-24
Selected
series
(irreg.)
6%
are
we
5
Stock
^eries
5%
DIVIDENDS
Then
Preferred
1774
Crows
we
6-
40c
(quar.)
1
Co..,
Tea
2056
162.
Crompton &
eujTent week.
4-20
Stock
Corrugated Paper Box, 5% preferred (quar.)
Coty,
Inc.
(increased).—
Craddock-Terry Shoe Corp.—
Crane
Dividend*
5-15
1
7-
''
National Securities & Research Corp.—
1
5-
.
When
Share
,
National
25c
Y.
Name of Comvanv
6-11
6-
$20o
J Far
■
-
of Reo.
$30c
(quar.)
of
^^4.,,,i,' j, ^'(t,i
W: c\
Holdert
6-25
$1.25
—
,
When
Payable
10c
Ltd. (quar.)__
Consolidated Bakeries of Canada, Ltd.—
Jun
10-year 3*4% debentures due 1955
Western Steel Products Corp., Ltd.—
•Announcement in
1911
2201
May
1968
cue
Share
&
Jun
stock
Ufah Power & Light Co.. 1st mtge. 33/4S,
"Warren Petroleum Corp.—
y
Shearing
Stamping
Commonwealth Telephone, $5 pfd. (quar.)_„
2201
"
Per
Name of Comvanv
2054
„li
FINANCIAL CHRONICLE
Page
Union Pacific RR.—
»w«i»,.«4^',i
Deposit
certificates
Tide Water Associated
$3.75
Tivoli
preferred
Brewing
Co.
93%c
40c
(quar.)
Oil,
common
Company, common
preferred (quar.)
1
5-10
5-15
4-25
Union
Oil
25c
5-31
5-17
Union
Street
Co.
_
(quar.)
Trailmobile
$1.50
(quar.)
(quar.)
(Calif.), $3.75
Railway Co
(increased).
pfd. A
6- 1
6- 1
7- X
15c
25c
567»c
6-1
7- 1
7-1
20c
35c
(quar.)
6-1
40c
6- 1
93%c
$i
6-10
5- i
,
:M
*'7
Name of Company
fe
;r
[Mr'-'
United
Aircraft,
5'/
class
6'y
preferred
A
J75c
65c
Extra
V
6-10
5-31
75c
68%c
22%c
6-la
6-15
6- 1
o- l
23c
30c
10c
6- 1
5-15
5-15
3c
50c
50c
5-15
7- 1
7- 1
(irreg.)
Co.
Card
Playing
Extra
St^el
S.
Stee!
United
1
7-
1
6-20
Derby Gas & Electric Corp. (quar.)
Detroit Gasket & Mfg., 613 pfd. iquar.iT___
Detroit International Bridge (stock dividend)
40c
5-15
4-25
5
is-hi
preferred
prior
Co.
Oil
Consolidated
Universal
A
preferred iquar.t—
-
Upxln Company (s-ai
Vln
Stee!
Vanadium-Alloys
Chemical
Vick
Co..
-
Coal
Virginian
Oil
Wesson
Sr
Co.
niuar.i
—
tquai.i
Co.
Paper
Wco!worth
(F.
Co.
Governor
W.i
6- 1
6-1
6- 1
6- 1
5-15
5-1 o
5-15
5-15'
6- 1
5- 1
5-15
25c
10c
^ 25c
$1.50
6- 1
5-15
7- 2
7- 1
5-15
5- 8
6- 1
Worumbo Mfg. Co..
prior pid.
5''
(s-a)
5%%
7- 1
6- 6
6-7
5-3
6- 1
5-15
Canada
in tho
Class
New
Class
A
Adams
Aero
(J.
7-
3
6-20
5
9-20
preferred
5-18
5-18
912/'5 c
Company,
Packers
$5
5-18
$5
5-15
Steel
(irreg.»
Association
1
6-
7-
1
6-1*
25c
(quar.i
6-10
6-
5
5-11
6-
1
5-
preferred
convertible
6%
Barge
Business
American
Can
American
6%
i
$6
$7
Co.
American
i$2.50
American
Investment
_
6-10
6-30
6-
1
5-15
6-
1
5-15
6-
1 '
1
5-14«
Illinois
6-
1
Castle
M.
(A.
(quar.)
Certainteed
American
American
Cincinnati
5%
Cockshutt
$3.50
6-
1
5-18
Colorado
Fuel
6-15
5-23
Columbia Gas
60c
5-
1
4-17
6-29
5-24
6-
5-21
Colonial
413
Stores,
6%
(s-a)
&
$4.25
preferred
25c
6-
(interim)
93 %
Baltimore
1%
.<7%
1
5-17
1
5-10
6-
1
5-10
Continental
6-
1
5-10
Cook
6-
1
5-
Continental
713
3
5-16
Co.,
$2.50
5-10
(W.
H.)
Paint
(quar.)
of
6-
1
5-15
8%c
7-
1
6-11
(quar.)
8%C
10-
1
9-10
(quar)
8%C
1-2-47
12-10
Steel, 7%
pfd.
(quar.)_
(auar.)
25c
I" I
(quar.)
20c
6-
i
6-
8
5-
4
5-15
6-15
1
4-30
6-
1
5-15
5-15
5-
12'/2c
6-
1
5-15
$1.06 %
(quar.)
(quar.)
$5 conv, preferred (quar,)
1
6-
6-
1
5-15
20c
(quar.)
Berkshire Fine Spinning Asociates,
vCcmmon (increased!
7-
J25c
$1.18%
(quar.)
1
50c
$1.25
12-
5-14
6- 3
5-
3
5-23
4-26
1
11-
1
General
Advertising,
(quar.)
25c
common
$1.50
(reduced)
(quar.)
common
Ltd.,
Wares,
Telephone
Corp.,
6-
1
5-18
Goebel
6-
1
5-18
Goodall-Sanford,
6-
1
5-17
6-
1
5-
Co.
5-15
4-20
Gorham, Inc., $3 preferred
Grace National Bank (N. Y.)
5-15
4-20
Graniteville
5-
4-24
5-15
5-
5-15
4-15
1
1
preferred
7'<
preferred
conv.
Cooper
1st
5%
1
5-15
6-
1
5-15
Hallicrafters
25c
6-
1
5-15
5-15
4-15
Hamilton
4-15
Hamilton
Watch
1
5-21
43 %c
7-
1
6-14
5-15
5-
5-31
4-30
5-20
5-
25c
6-15
5-25"
7-
1
6-15
6-
1
5-15
3
4
15c
5-29
20c
6-
1
5-17
6-
75c
5-
1
Co.,
Corp
Harbison-Walker Refractories Co.—
6%
Plywood
& Utilities
1
5-17
Cosmos
Furniture Cos. (quar.i
Pineapple Co.. Ltd
Hercules Powder Co. 5% preferred
Cribben
28 Vac
6-
5-15
Hershev
r
.7%
Pupeo
preferred
8%
B
(
Ltd., Class A (quar.)
Delaware
Dennison
6%
$4
1
6-18
1
5-
5-31
5-11
$3 7 V2C
6-
6-
Corp.,
common
preferred B
Hibbard,
Cohn
Rayon
Mfg.
Co.,
Hires
(Chas.
1
Holt
(Henry)
1
5-
1
$1
E.)
&
Co.
(quar.i
Co.,
$1 class A
Class A
^
N.
Denver Dry Goods Co., 4 %%
pfd.
Denver Union Stock Yard Co
5-11
5-15
6- 1
7-20
7-
5-15
5-25
5-25
4-19
5-15
5-15
5-
15c
15c
15c
5-15
6- 1
6- 1
6- 1
5-31
6-28
7-26
4-25
6- 1
6- 1
6
(quar.)
5-20
5-15
3
4-25
5-
1
5-
1
5-
1
5-21
6-18
7-16
5-15
5-21
8-21
pfd. (accum.)
5-15
5-29
4-10
(quar.)—
*15c
40c
5-
3
$1.06%
6-27
6- 1
5-15
5-15
6-
3
5-6
6- 1
4-30
4-26
Hooker
Electrochemical,
preferred
7- 1
Allison
Co.. 5% pfd. (quar.)
& Co., common (quar.)
Hooven
6-
1
5-15
$1.12%
7-
1
6-15
50C
6-
1
5-14
common
(quar.)
&
Hormel
(quar.)__
4-20
5-15
9- 1
5-
25c
5- 1
5-15
12- 1
7-15
Holt, Renfrew & Co., Ltd., 7%
Home Oil Co.. Ltd. (annual)
Y.—
(initial)
5-15
2§c
5-28
$1.50
preferred
5-24
1
1
1
1
25c
t$3.50
$4.25
prior
of
5-10
(quar.)
6-20
7
I
5-10
(quar.)
10-10
50c
5-
A
class
7-10
$1
(quar.)
9-25
$1 class A
25c
(quar.)
(monthly)
_
5-
Co.—
Supply
common
Co.
Co.
Monthly
Monthly
1
5-2©
6-25
6666-
$1
40c
$1
SI
(increased)
(quar.)
Bartlett &
Spencer
5-15
30c
25c
(quar.)
(quar.)__
(quar.)
preferred
Heyden Chemical Corp., common
4%. preferred A (quar.)
25c
&
Hudson
convertible
Dentist's
7-
5-15
$ 17 V2 c
quar.)
(Alfred)
&
5
40c
Quarterly
Delaware
5-
87 %c
preferred (initial quar.)
Curtis Manufacturing Co.
(Mo.) (s-a)
Class
6-14
5-15
4%
3%%
Decker
6-29
$1.75
preferred (quar.)
Pjess, Inc.—
Davis Leather Co.,
$2
43 3/4 c
iquar.)
5-24"
7-25
$1.25
75c
Hawaiian
4-30
6-15
7-25.
50c
25c
50c
Haverty
4-27
50c
5-15
5-15
Co.—
(accum.)
preferred
Chocolate
5-20)
25c
(quar.)
5-15
1
5-24
5-24
$1.50
(quar.)
Electric
1st
5-15
6-12
5-25
20d
Extra
Havana
4-30*
6- 1
6- 1
7- 1
10- 1
5-15
6-14
B
preferred
5-15
5-15
4-17
50c
25c
50c
25c
Extra
6%
1
6
9
$1
(quar.)
Hancock Oil Co. of California, CI. A (quar.)_
Harbor
5-
4
15c
preterred
Class
5-20
5-
5-
122V2c
Ltd.
Cotton,
5-15
5-10*
5-
(quar.)
(quar.)
Company
6-
4'it
1
5-14
5-15
common
iquar.)
Hallnor Mines, Ltd
Brothers
4
5-
6-28
8- 1
8- 1
6- 1
5-15
6- 1
6- 1
G-14
Inc.
Stores,
6-
$1.50
Hale
5-
34%c
75c
$1.25
$1.25
$1.75
(quar.)
& Co, (quar.)
preferred (quar.)
5%
1st preferred
(quar.)
Guggenheim & Co., $7 1st preferred---^
Griggs
5-14
25c
(quar.)
Grayson-Robinson Stores—
$2.25 preferred (initial quar.i
Great Lakes Dredge & Dock Co. iquar.i
Griesedieck Western Brewery Co.—
51/2 %
9-16
56!/4C
(stock div.)
(quar.i
Knight,
&
1
6-15
5-15
75c
Extra
Graton
I
5-
$1.75
(quar.)
4-20
Co.
(s-a)
iquar.i
Inc.
Brewing
5-15
9
5-
9.09%
30c
30c
Goodyear Tire & Rubber, com. (increased)$5 convertible preferred (quar.)
preterred
Gerrard (S. A.) Co., preferred
$2.50
9
8-20
11-20
25c
10c
17c
4-19
6-
6
5-20
$3
(quar.)__
common
5-15
5-15
Drug Co.,
6-15
5-15
5-15
5-15
6-27
5-25
5-30
6-12
6- 1
6-15
6-15
20c
20c
40c
37V2c
25c
5c
37V2c
(quar.)
common
$30c
(quar.)
Ltd., Class A
9-16
$1.25
(quar.)
Corp..
6-29
Common
'
Corp.
Varnish,
prior preferred
New
Inc.—
Outdoor
preferred
pfd.
$20c
1
$1
Bell & Howell Co., common
••••••:.
Motors
Corporate Investors,
,
(initial quar.)
5-10
5-15
6- 1
6-12
25c
Corp.—
(quar.)
7£3
conv.
preferred
(quar.)
Cuban .American Sugar Co.—
20c
preferred
(quar.)
Crown
5-
Bathurst Power & Paper, class A
4%% preferred (auar.)
4%%
(interim)
5-15
5-10
Belding-Hemingway Co.
common
5-15
5-15
conv.
Paint
43 %c
America
Co.,
1 '!
1
3%',3
Steel
40c
1
5-15
Mills,
General
$50c
Corp
(quar.)
6-
5-27
Barnsdall Oil Co.
Bath Iron Works
Ltd.
6-
6-
5-10
5-25
(quar.i
General
50c
25c
25c
Amer
(quar.)
5-25
40c
843aC
(s-a)
Corp.
1
9334C
Aircraft
Commercial
&
(quar.)
5-10
—
5-14
(quar.i
common
Foods
5-
50c
1
—
5-15
5-15
6-15
6- 1
6-15
Corp.—
25c
(s-a)
Co.
(quar.)
25c
(quar.)
pfd.
Finance
56 V4C
6-
—
10c
Co.
(quar.)
pfd. (quar.) —
(quar.)
Corp., $1.75 pref.
of
Can
preferred
•
Barber
__
Imperial Mills, Ltd. (quar.)
& Sexton, 4V213
conv. pfd. (initial)
Crown Cork & Seal Co. Inc. $2 pfd. (quar.)
—
25c
56l'4C
25c
$1.75
iquar.)
(quar.i
preferred A
5-15
—
15c
(s-a)_:
4-15
(irreg.)—
$3
5-16
common
Gas
Co.,
preferred
1
10c
Porcelain
$3.75
6-
6-13
(accum.)
(Toronto)
(quar.)
Co.
Vultee
Corp
Continental
6-
$1.50
Natural
Glass
50c
6-13
(quar.i
Products
preferred
preferred
6-
$2
Corp.
Hp;H, '
(quar.)__
Corp.
Allied
6-15
$1
Co.
Avon
G
(Conn.)
conv.
Co.,
Cigar
pfd.
General
|4c
(quar.)
Extra
$1.50
(quar.)
A
4'/2T
Industries,
50c
Consolidated
$1.75
(increased).
(quar.)
Automatic Products
Aviation
5-
5-10
dividend)
1
$1.25
(increased)
Power, 6%
Consolidated Laundries Corp.
10c
(quar.)
ser.
c
1
37'/2c
37'/2c
62V2c
5-29)
5-15
Malting—
1
$1.50
Ltd.
River
Container
Armstrong Cork Co.,
(quar.)
5-15
5-15
7- 1
10- 1
6- 1
preferred
6%
&
preferred
General
4
Connecticut
4-30
57<
1
5-
6-15
Mines, Ltd.
7CU
1
50c
$1
7c
Company
Gar Wood
General
1
5-10
6-
Gamewell
5-17
5-
1
preferred
(stock
6-
2 V2 %
(quar.)
preferred
Co.
Consolidated
Co..
6-
5-15
6-
Arkansas-Missouri Power (irreg.)
I
6- 1
9- 1
12- 1
(irreg.)
Co.
Corp.,
Grain
C-
(stock dividend)
(quar.)
Power
Consumers
preferred B
Automatic Canteen
$1.17
$1
$1.25
Light & Pwr., $2.40 pfd.
preferred
4-30
t$1.12>/2
1
5-
preferred (quar.)
Sulphur iquar.)
Common
4-30
5-10
Kleiser
Froedtert
3
55c
$2.20
1
5'v
$1.25
6-
5-13
6-
Autocar
10-21
2
1
4-15
Aunor Gold
1
7-
4
5-14
5% non-cumulative preferred
11-
6%
5-
25c
(quar.)
5-
Freeport
1
Steel
Ry,
7-20
6-
Consolidated
Fe
9-20
1
60c
6-19
Co.
1
8-
Connecticut
6-29
RR.
10-
6-22
$3
(s-a?
Santa
Wheeler
5
Paper
&
&
Foster
9-10
Consolidated
Line
Foster
6-20
12-10
6-19
Line
1
1
9-15
4-27
Topeka
5-
7-
12-15
5-11
(interim)
6- 1
6- 1
preferred
5-15
$$1.50
6-29
Atlantic Coast
5-15
$$1.50
$1
(quar.)
Atlantic Coast
5-15
1
Quarterly
Quarterly
$5c
Atchison
1
6-
6-22
4-22
$1.50
preferred
4-26
6-
(quar.)
pref.
Association
1-21
common
20c
$1.25
(increased)
common
,
5-15
$1.06%
Corp.,
713
Co.,
1-31-47
2nd
Co
(quar.)
((quar.)
77c
preferred (quar.)
7%
preferred (quar.)
Florida Power Corp., 4'i<
(quar.)_
pfd.
conv.
5%
(quar.)
Publications
10-22
1st preferred
$$1.25
Carpet
77c
6-10
Gas
Nast
Confederation Life
1
7%
1
25c
(quar.)
11-
6%
5-
6-15
6-
4-15
45c
(initial)
Co.
series
Int'l
$1.50
...
5-15
$$1.50
30c
5-15
5-11
Fitzsimmons Stores, Ltd.—
Quarterly
'7-
25c
(s-a)
J.)
50c
5%
preferred 5%
Commonwealth
1
5
5
5-15
4-17
25c
(quar.)—
50c
(quar.i
(increased)
common
preferred series A
(quar.)
Goods, common
Firth
1
5-
1
4
6-
(quar.)_
A
(s-a)
(N.
Co.
4-20
4-30
7-
1
5-15
6-21
5-
25c
30c
Phila.
of
Insurance
5-
5-15
5-15
5-
1
5-
25c
5-15
$$1.50
5-15
6-
5-
6- 1
100%
$1.50 Class
Co.,
Association
25c
common
Columbia Pictures Corp. com
preferred
Associated Dry
Firemen's
$1
$10.00
6-29
6- 1
(quar.)
87 %c
Electric,
prior
$3.75 preferred
Artloom Corporation
6-14
$25c
(s-a)
Co.,
Iron,
&
6%
common
7-15
75c
4-19
75c
25c
(quar.)
Company
General
(quar.)
Ltd.
Power
7-20
Argo Oil Corp. (s-a;
Argus Corp., 4%%
preferred
Fire
Pacific
Texas
&
(quar.i
1
preferred
_
(quar.)
8-
6%
7-31
6-28
6'ic
Connecticut
Ltd.
Enamel
General
Inc.,
preferred
Cum.
$2.25
Co.,
Ferro
5-15
$1.50
Mills,
6-28
8-15
Central
Co.—
preferred
Electric
7-31
1
preferred
Colorado
5-
6-15
17V2c
17V2c
17V2c
Shops, common
preferred (s-ai
Compress & Warehouse
2
(quar.)
Cotton
$6
Semi-annual
5-18
6
6-29
Extra
9-
Colgate-Palmolivc-Peet
1
5-
6-15
$1.25
Federal
2
6-
preferred
prior
2
5-
$1.25
prior
6%
5-
1
40c
preferred
prior preferred-.
6%
Co.,
6-
5-31
7- 1
10- 1
6-29
1
Y.)—
Extra
$25c
Plow
4-20
75c
(quar.)
(s-a)
(s-a)
Anglo-Canadian Oil
1
6-
Bake
$1.25
6%
Arcade
(quar.i
(quar.i
& Power,
Clearing Machine Corp.
4-20
50c
$2.50
$2.50
25c
Corp
Quarterly
(quar.)
1
50c
1st pfd
preferred
Brewing
Federal
(quar.)
preferred
preferred
5%
1
1
5-11
6-26
5-29
Quarterly
6-
1
6-
5-15
6-15
8-16
J5c
25c
(interim;
Farmers & Traders Life Ins. (Syracuse, N.
1
5-17
11-15
25c
Ltd.
Falstaff
7-
5-15
5-15
25c
(quar.)
Mines,
4-29
5-31
8
5-21
25c
Co.
4-29
5-31
1
1
1
1
1
1
5-15
5-22
1
6666912-
6- 1
5-15
6- 1
5-22
1
9
50c
25c
131c
1
9
5-15
25c
&
Nickel
7
Concord
6%
Falconbridge
Morse
5-
Conde
Inc..
5-31
50c
pfd
conv.
Co
New Orleans
5-
SOC
(quar.i
Fence
7-
7-
9-20
12-
5-
preferred
(The),
5-24
3
Post
Extra
7-
6-20
5-15
(quar.)
common
50c
1
Metal,
Fairbanks
6-20
Gregg,
$5.25
(accum.)
Copper
6-
Ampco
Fair
6-20
7-15
&
57c
1
Anchor
6-10
7-25
6-
1
4-19
10c
6% preferred B (s-a)
7-
preferred
6-28
115c
Coe
4
64C
Bottle
Faber
$1.25
America
ol
Co.
2
3
common
5-22
A
Insurance
5-
5-
Co.,
6-20
Excess
5-
5-15
Thermos
Amoskeag
11-30
$12 %c
6-
$1.25
$1.25
(quar.)
(quar.)
5-15
25c
Superpower Corp., $6
12-10
preferred A
5-15
(quar.i__
American Stove Co.
$5 preferred
15c
5-
$1.75
(quar.)
Y.)
$5
20c
Co., $3 pfd. participating
Smelting & Refining, common
American
5'-
Products,
10c
Service
American
Light
$1.50
iN,
4-30
8-31
$1
Electric
Louisiana
25c
common
-
Re-Insurance
5-15
9-10
1
6-24
$1.25
75c
(quar.)
pfd.
5'/3
Co.,
$3 conv. preferred (accum.)—
Co., $5 pfd. A (quar.)
$1
(irreg.i
Co.,
$1
(s-a)
Co.
preferred
American
Elec.
District
15c
(quar.)
preferred
Co.
&
>
Foundry
Ohio
5-15
(quar.i
Meter
Equity Corp.,
25c
(increased I
common
7%
$2.50
Ltd.,
Empire
4-30
4-
$1
(quar.i
50c
quar.)
A (quar.)
iquar.)
Ltd.,
5-15
6-
of
4-30
5-15
25c
Co.,
preferred
4-24
l'5c
Class A
5-15
1
50c
(initial
pfd.
(quar.)
50c
Co.
(irreg.)
A
(quar.)
5-17
15c
20c
Common
$4.50
5-17
'monthly)
American Paper Goods (quar.)
American Radiator & Standard Sanitary—
7%
6-10
75c
Co.
37 Vzc
6- 1
5- 7
6-14
5-
State Telegraph—
Bay
guaranteed
Coiporation (quar.)
Chesapeake Corp. of Virginia
62'/2c
i
(s-a)
Metal
American
6-17
1
50c
Co.,
CI.
$2 Class
& Co.
Central
$1.75
(special
common
Products
preferred
6%
4-19*
7-
$1.50
$1.50
(quar.)
preferred
American
..
(quar.)
American-Marietta
5%
5-15
<initial
$15c
Ltd.,
(irreg.)
(L. E.)
Central
6
&
4'/
5-15
7-15
5-15
5- 6
6-29
9-30
12-21
Watch Co.—
Chile
quai.)
(quar.i
Home
5-
Power Co., Inc.—
Corp.,
preferred
$3 preferred
5-20
Empire
) $1.75
1
5 V
preferred
Central
5-15*
Federal
Charis
(accum.i
General
American
5-20
4-17
75c
(accum.)
t$2 preferred
1
34/5c
Inc
(quar.)
& Foreign
preferred
preferred
4-30
6-
5-15
Sugar—
(final
preferred
5-15
15c
(quar.)
Shares,
Crystal
American
$3
(accum.i
6-20
1
5't
quar.)
4'it
25c
Line Co.
American
American
B
Cassldy's,
Co.
Arch
American
1
6-
4-23
15c
Ltd
Corp.
Preferred
Utilities,
Common
Amalgamated Leather Cos., Inc.—
7-
5-18
f:20c
25c
(quar.)—
Inc.
1
5-21
25c
$1.25
50c
20c
$1.50
$1.50
$1.50
(quar.)—
(increased quar )
1st pfc..
5'it
Co.,
common
$$1.50
4'!<
4
4
Talc
National
New
Cos.—
Carpenter Paper
5-15
t$2
(quar.)
4-16
$$1.50
(increased
Carpenter
t $1.50
Alpha Portland Cement
Aluminium, Ltd., common
5-21
Ltd.—
& Company,
Class
1
7-
5-
t2 J/2c
Canadian
15c
Electrclux
$25c
i
Shares,
Insur.
Oil
Carman
4-30
Alcohol—
(quar.i
Canadian
1
5-15
$ 25c
(quar.)
Extra
5-
4
5-15
(initial 1—
common
Products,
Steel
$$2
(quar.)
com.
(quar.i
Canadian
1$2.50
(s-ai
preferred
B
preferred
Eastern
$25c
(quar.i
Ltd.,
(quar. i
Common
Lid.—
Corp.,
preference
Laboratories
6%
7%
6-30
$25c
Industries,
A
Class
1
10-
preferred
5%
7-
78 2/s c
Power
$7
Allied
6-15
20c
preferred
Algorha
6-29
Class
20c
$6
Alaska
4-27
$1,487
Quarterly
Alabama
20c
1
6-
(quar)
Corp.
Manufacturing
Alnfcworth
JS3.25
37V2C
$1.50 class A
Supply Mfg.,
of Reo.
Canadian
Works, 6'/2% preferred (s-a)-_
D.i Manufacturing Co. <quar.)__
Glove
Acme
Payable
Share
Name of Company
5-
J25c
(increasedi
B
7-30
$31 V*c
Ltd., common
Co.,
Electric
(increased
A
Class
6-15
6V2c
7- 1
5-15
Quarterly
t50c
(quar.)
Industrial
Class
$1.12Vi
Quarterly
i$l 75
(quar.)__
5-ia
(quar.i
Magnesia
I
5-15
t$l .62 %
(quar.i
common
Products,
General
Holdera
Wnen
5-
50c
Foundry
Canadian
preceding table.
1
6-15
J 20c
50c
(initial)
Food
Canadian
6-
Eastern
27 % c
Fairbanks-Morse
Canadian
1
Co.—-
Power,
&
A
5-
Erie Railroad
(quar.)
Breweries
(increased)
Canadian
Per
—
preferred
Canadian
announced In previoui
The list does not Include divi¬
paid.
this week, these being given
announced
(quar.)
com.
preferred (accum.
Corp., Ltd.
(s-a)
Machinery
Northern
7 V
1
preferred A
62 %c
Corp.,
6%V
Canada
6-
15c
(quar.)
Cement,
4-26
10c
s-a)
(quar.)
Service
Canada
give the dividends
Below we
dends
(increased
preferred C (quar.)
Callaway Mills, $2 preferred
preferred
5
5-31
6-15
6- 1
6-10
new
Duquesne Light Co.,
Elgin
4.4 V
$2
6-
5-
6-30
Dv/ight Manufacturing Co.
Eastern Corp.
(quar.i
Ltd.—■
(quar.)
Water
6
15c
6- 1
(quar.)
Company,
2%%
Power
£$1
J25c
common
preferred
25c
(s-a)
Packing
preferred
6
5-
$3%%
J.)
G.
Electric
5-
1
4-30
i25c
15c
50c
Extra
5'3
1
6-
$1.12%
Co. (quar.)
(Holding),
&
(A.
Bradstreet,
Drackett
5-15
6-
5-15
6-30
(increased quar.)
Ltd.
(quar.)
Drug
&
4'/2't
1
5-
5-25
20c
(Increased).
(s-a)
preference
California
6-17
6-17
.5-22
Dun
5-15
Concen¬
(initial s-a?_.
com
Wireless
Canadian Car
weeks and not yet
&
(quar.)
California
$2.50
's-ai
Jackson
&
5%
Dow
4-19
12»/2c
Mills,
California
4-26
4-19
6-15
6
Corp., CI. B (resumed;
(accum.)
Stores,
5-20
5-15
5-
6-29
2V2c
pref.
Steel & Coal
5-20
6
8-
8-12
5-14
6- 1
5-23
8- 1
5'i
S
Ltd.—
i20c
Dominion
3
2c
Mining
Sullivan
-S:
preferred
Byron
4-23
6-20
15c
(quar.)
preferred
7 'it
Cable
5-
6-
5-15
7-30
JS1.25
+30c
£2Cc
(quar.)
15c
£30c
(quar.i
preferred
6
4-23
Corp.—
Ltd. (quar.)
& Anglo Investment Corp.,
Dominion
(quar.)
9- 3
6- 1
37Vic
Bridge Co., Ltd. (quar.i
Malting Co.. common <quar.>___
Dominion-Scottish Investments, Ltd.—
1
12 V2c
Caldwell
Ltd.—
Co..
&
regis,
preference
iquar.i
Co.
Machine
Hill
4%'it
3P
Extra
Woodward
Falls
&
75c
(s-a)
Mines,
5 7c
5-
5-
5-15
8-15
5- 6
Dominion
5-31
4-30
5-15
1
5-15
Dominion
6-15
5-20
—
(quar.)
Butterfly Hosiery
25c
iquar.i
(Vancouver)
Burroughs Adding Machine Co.
Butler
Brothers,
common
$1
Whitaker
6',r
6- 1
5- 5
5-17
5-15
5-15
Mfg.—
Lace
par
Ltd.
W11M1.
.6-1
6- I
6- 1
10c
iquar.i
(initial1
Baumcr Candie Co.
$25
New
Wit!
preterred
Mavonnaise
Wheallev
Wilfeev-Barce
'quar.
Hill
Die
Mills
trating
50c
50c
30c
Dominion
75c
quar.)
Extra
Snowdrift
&
convertible
$4
$3 preferred
Corp.
Silk
Bunker
$1
iquar •
Corp.-
(Northann,
Petroleum
Warren
Warren
5-15
5- 7
4-30
150c
Buck
_
5-15
$1.75
$20C
Buell
4-15
15c
75c
20c
--
-
Iron
&
Manufacturing
Voet
(initial quai.i
coin,
new
6-1
4-20
Dome
16c
Extra
$1
.
Extra
75c
62%t
$1-50
50c
5-17
6- 1
5- 7
6-29
initial)
<
common
5-10
1
Light & Power Co., Ltd.—
Distillers
&
New
1
5-
30c
1007a
20c
(quar.i
Manufacturing
Dodge
66-
$2.50
preferred (quar.)
(increased
Mills
Bruck
Common
5-20
50c
50c
pfd.
partic.
67c
Co.,
of Rec.
35c
(quar.)
(quar.)
Match
Holder»
Payable
Co.—
Stove
preferred
preferred
5%
Diamond
68 %c
(accum.)
(quar)
Annual
5-3
57c
5-20
75c
Ordinary
20c
Co.
Raaltc
-
Inc.
Brazilian Traction
b-15
5-10
7
5-20
When
Share
(initial)
common
Detroit-Michigan
20c
1st preferred (accum.)_
Bourjois, Inc., $2.75
Brewers
6-
1
New
6
1$1
Fund,
Bourne
7-
28c
(quar.i
(Sidney)
preferred
1st
7'k
Boston
5-
1
preferred (quar.).
share of com¬
conv.
(H. C.), 7%
Bohack
4-30
6-15
6-la
7-1
6-10
5-20
5- 1
5- 1
4-30
5-22
$1.75
V.
Blumenthal
6-
33c
stock
mon
4-30
4-30
$1.75
(quar.i
5% preferred
Co.,
payment (l/32nd
cr cash)
Optional
-
$1.50
preferred
Ricfge Corp., $3
Blue
5- 5
§1
-
prcf.
6'-
Co.,
Paper.
Wall
United
6- 1
5-17
- -
Steel
W.)
(E.
6 'it
25c
ccnunon
iqr.ar.i
Corp..
United Transit:
.
5-
4-20
75c
(quar.)
(increased)
Corp., common
Company
preferred
7%
Bliss
6-1
50c
62 /2c
(quar t
Corp..
preferred
7'>
—
-
&
Bettilehfm
Lithograph Co.—
&
-
preferred
5'U
Printing
States
Common
as
Name of Company
15c
(quar.)
Stores
preferred
6%
Best
Inc.
iquar.i
-
United
Shares
Power
&
i irreg. i
B
Series
i.
S.
U.
.
Light
Electric
jDel.
M:
of Reo.
Limestone Ac Cement—
Bessemer
Corp.—
Utilities
Public
7- 2
6-29
preferred
(accum.i$2 75 preferred (accum.). ... V. S. Casualty Co. (\. Y.i
is-ai
"U. S. Hoffman Machinery Corp.—
5,
convertible preferred
U
S.
Loan
Society
iPhila.i
i.«-a>
Shoe
Berland
5-15
5-24
$3
ft
Holier*
Share
Name of Company
of Rec.
0- 1
G-10
iquar.i
United Gas Improvement
United
Wften
Payable
iquar.i51-25
25c
pld.
conv.
Electric Coal Cos
United Fuel Investments, Ltd.—
UAited
U.
Holiert
per
Share
a
Per
When
Payable
Per
0
Monday, May 6, 1946
FINANCIAL CHRONICLE
THE COMMERCIAL &
•-W"
(George A.)
6%
Hotel
preferred
(quar.)
(quar.)
Hudson Motor Car Co. (quar.)
Barbizon.
Inc.
$1.25
50c
$1.50
$2
10c
11-21
6-15
4-27
4-2T
5-
7
m
''iWrifV'
■,«i»!•>;,
.■
''"|
|
.i
^
'Wi I
I
il 1
/J
.
'Volume.
■
^ f' +
ft
■
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4487
163
.
tOfsMb'
When
Per
JVamc of Company
Hunt Foods, 6%
5%
preferred
preferred
$1.50
(initial)
6- 1
5-15
6-
5-15
1
iquar.)
_
15c
56'Ac
5-22
5- 1
5- 1
5-15
preferred
(quar.)
$1.25
6-29
6-19
5%
preferred
(quar.)
$1.25
9-30
5%
preferred
(quar.)
$1.25
9-20
12-20
4-25
Power
common
Co.
Steel Co.
New
(quar.)
(stock
(final)
Ltd.
s'
preferred
Intertype
6'
$1
12-
2
11-26
6-
1
5-6
Motor
5-
8
4-24
Mount
6-
1
5-14
4-30
4-30
6- 1
6- 1
7-15
+37'Ac
7-15
$1.75
6- 1
5-4
$1.25
5-15
5- 6*
$1.50
6-
5-15
1
25c
6-15
6-
$75c
1
7-15
6-10
11- 9
4-25
35c
6-20
6-
5c
5-15
15c
6-15
40c
5-15
6- 4
5-11
(quar.)
(quar.)
Kalamazoo Vegetable Parchment Co.
(quar.)
(Mo.)
6
15c
quar.)
Util.
Co., 7' junior pfd. (quar.)
iG. R.» Co., $5 prior pfd. (quar.)
6-28
6-18
87'Ac
5-20
5-24
5- 1
5-10
25c
7-
1
6-20
Quarterly
25c
10-
1
9-20
Quarterly
25c
12-23
12- 2
8c
5-20
4-20
4c
5-20
4-20
Kinney
Klein
(D.
Emil)
Knickerbocker
Co.
Fund
(quar.)
(quar.)
Extra
Kresge
(S.
Kress
(S.
S.)
Manufacturing
4%%
preferred
Kroger
1st
7%
2nd
Lake of
(increased)
40c
6-12
5-21
(quar.)
40c
6-1
5-8
$1.12%
(quar.)
common
preferred
the
Woods
5-10
1
Milling, com.
7-
1
$1.75
8-
1
7-15
$1.50
6-15
5-15
}30c
6-14
5-8
6-
1
5-8
15c
Co., common
6-1
$$1.75
(quar.)
preferred (quar.)
Lamaque Gold Mines (interim)
Machine
4-22
6-
$1.50
(accum.)—
7%
Landis
4-29
50c
(quar.)
preferred (quar.)
Industries, 6% pfd.
France
$1.25
Co.—
(quar.)
Company,
6%
La
Company
H.) & Company
Kroehler
6-
1
4-23
5-15
25c
4- 5
Commoi.
25c
8-15
7-
5
Common
25c
11-15
10-
5
Lane Bryant,
Inc.
(quar.)
25c
Extra
Lanston
G.), Inc., common
(initial quar.)
preferred
5-15
5-31
5-21
6-1
5-9
6-1
5-9
5-6
50c
6-
4
5-11
37'Ac
Lehigh Coal & Navigation
Portland Cement (increased)
Ltd.
5-15
$1
Lehigh
Mines,
5-15
81c
(quar.)
convertible
Gold
5-15
25c
(R.
Tourneau
$4 preferred
1
5-29
30c
(quar.)
Monotype Machine
$4.50
Leitch
6-
SI
Lansing Company
Le
Munson
25c
8-
1
7-13
f2c
5-15
Line,
Corp
Liggett & Myers Tobacco,
Class
B
Lincoln
7-2
6-1
25c
6-10
5-27
60c
5-13
4-22
25c
5-15
5-
6-1
5-1
Life
Insurance
Co.
pfd.
5-10
1
5-10
8-
1
7-26
11-
1
10-26
$14.62%
5-15
5-
3
5-15
5-
3
50c
3%'
preferred
(quar.)
original capital
Co..
6-1
5-4
50c
RR.
6-21
6-
6-
1
5-15
6-10
5-24
87%c
$1.10
5
Original capital
$1.10
9-10
8-23
Original
capital
$1.10
12-10
11-22
Original
capital
3-10-47
2-24-47
Special
guaranteed
(quar.i
50c
6-10
5-24
Special
guaranteed
(quar.)
50c
$1
9-10
8-23
Special
guaranteed
Special
guaranteed
Loblaw
Pipe Co.,
Star
Lone
Gas
Co
(quar.)
50c
pfd.
8'-
Louisville
Lumberman's
Co.
new
Lynchburg & Ablrigdon
Madison
(quar.)
(s-a)_
(quar.)
Co.
(s-a)
(quar.)
5-17
6-
1
5-13
10c
6-1
5-4
88c
6-13
5-
1
5-15
5-
4
$1.75
5-15
4-17
1
4-16
5-25
5-15
5-
20c
$3
7-
6-15
1
6-15
25c
5-28
.
6-
1
5-15
50c
R.i
(P.
&
Shirt
Manhattan
Marathon
Co.
(quar.)
common
Investors
Trust
Stores,
May Department
(quar.)
(irreg.)
(quar.).
May MeEweft- Kaiser Co.< increased quar.'') 2.'
McClatchy Newspapers, 7% pfd. (quar.)—
7% preferred (quar.)
7%
preferred (quar.)
Mclntyre
Porcupine
McLcllan
Stoics
Meadville
Telephone
Co..
5''
Ltd.
(quar.i
preferred
5%
Co.,
pfd.
5-10
4-30
6-10
5-15
6-
5-15
1
$1
5-15
4-29
22c
4-20
3-29
50c
6-
1
5-15
93%c
6-
1
5-15
50c
6-
1
5-17
4334c
5-31
5-29
433Ac
8-31
8-30
433Ac
11-30
11-29
$55'Ac
6-1
5-1
7-8
94c
(s-a)
66%c
37%c
Company
Acceptance
(quar.i
Corp.
of
7- 1
5-16
5-15
5-
6-15
1
California—•
5%
preferred
(quar.)
25c
6-5
6-1
57e
preferred
(quar.)
25c
9-5
9-1
5%
preferred, (quar.)
25c
12- 5
6%
preferred'
(quar.)
30c
6-5
6%
preferred
(quar.)
30c
67o
preferred
(quar.)
30c
Mercantile
Merck
&
5%
Stores, 7% preferred
Co., Inc., 4%% pfd
Messenger
Consol.
8%
Steel
Oil
Gas,
conv,
43A%
5
pld.
(quar.)__
(quar.)
5-15
1
4-30
5-15
5-15
5-
6
8-15
8-
5
$1.183A
1
5-20
6-1
5-1
6-
(increased s-a)__
50c
7-
1
6-11
7-
1
6-11
EOc
7-
1
6-11
Power
45c
6-15
5-15
4c
common
(s-a)
preferred
6-17
6-
1
6-17
$1.62%
9-1
12-
$2
common
(quar.)
Co.,
$1.75
$2.083A
50c
preferred
Minneapolis-Molir.e
$6.50
5
1
6-1
10c
Products,
preferred
preferred
912-
12-
25c
Petroleum
non-cum.
Midwest
(quar.)
:
Michigan
8%
pfd.
Corporation
Mid-Continent
Midland
„
$2.43 %
Extra
$2
(quar.)
preferred
Merritt-Chapman & Scott 6%'t
6-15
5-15
$1.62%
5-15
5- 4
3
5-15
(increased
s-a)
6-
30c
6-15
5-15
$1.75
6-
1
(quar.)
$1.75
6-
1
5-15
$1.75
9-
1
8-15
$1
6-
1
5-17
(quar.)
Inc.,
$4 pfd.
A
(quar.)
Chemical Co.
of
$1
6-
1
6-
1
5-21
(interim
quar.)
B
Manufacturing Co. (quar.)
preferred
(quar.)
:
Rice-Stix Dry Goods Co.—
7% 1st preferred (quar.)
50c
CO
5-15
1
America—
7%
1st preferred
7%
2nd preferred
6%
preferred
(quar.)
$1.50
12-28
12-19
7%
2nd preferred
Biscuit
&
St.
Automotive
7%
National
City
National
Co.,
$1
preferred
National
Dairy
National
National
common
Steam
York
Class
Air
Class
Norfolk
Common
North
American
North
American
On?
share
North
Car
of
for
6%
5%'
Northern
7%
Electric
&
Otis
5-15
5-
1
Silex
5-10
5-
3
Silver
5-15
5-
1
6-10
5-20
Simpson's, Ltd., 4%% preferred (quar.)
Singer Mfg. Co., Ltd. Ordinary registered—
6-
1
5-15
Smith
1
Steel
Elevator
Co.,
6-
5-
1
Solar
8-
1
Soundview
11-15
11-
1
preferred
(quar.)
6-10
5-31
South
American
Gold
5-15
4-30
South
Bend
5-15
4%
preferred (initial)
Aircraft, 90c conv. pfd.
Pulp Co., common
6%
6-10
5-15
5-10
4-17
6-24
6-14
6-10
5-31
6%
7'.*
pfd.
preferred
Common
1
6-
5-31
5-24
Spiegel,
5-15
Stamford
7-
1
6-15
1
9-14
5-25
5-10
$4.50
6-
1
5-20
6-
1
5-20
common
(quar.)
7-
1
6-20
2
5-28
Stein
6-
1
4-26
one
&
Stewart-Warner
7-
2
6-20
Stix,
f 15c
7-
2
6-20
Strawbridge
$25c
5-15
4-15
5-15
4-15
Suburban
5-
Sun
6-20
5-22
Co
7-
1
5-15
7-
1
25c
5-24
5-
3
6'i
5-20
Tampa
5-17
5-10
Tampax,
31'Ac
5-15
4-30
Tennessee
34 %c
5-15
4-30
Texas
5%'«
67c
preferred
preferred
Pacific
Mills,
Pacific
(quar.)
Oil
Corp
Manufacturing Co.,
Palestine
6'
Casualty
preferred
6 <
pfd.
Co.,
(accum.)
Grinding Wheel..
Telephone, $1.40 class A
Penman's, Ltd., common (quar.)
Pennsylvania Electric Co.—
Peninsular
preferred
pref.
preference
$5
pref.
(quar )
(quar.)
6-20
5-15
&
5-15
4-15
1
5-
$1.25
7-
1
5-31
7-
1
5-31
6%
Union
Electric
of
preferred
preferred
Union
Oil
Union
United
Air
6-30
6-
1
United
4-10
1
30c
6-
10'
"5-13
•'
7-
Co.,
Ltd.
Amer.
United
1
5-24
5-
1
preferred
Proprietary
Co.
Mines,
Service
Co.
preferred
Service
A
5%
preferred
1
9-14
6%
6-
1
5-15
(quar.)
pfd.
iquar.).
Co.
Lines,
of
(quar.)
(quar.i
Inc
America,
(quar.)
common
1
5-15
1
6-
5-15
1
5-15
5-15
4-25
5-
8
4-
45c
6-
1
Ltd., class B
(irreg.)..
(quar.)
Co..
com
$1.25
6-
1
5-15
8
U.
S.
4%
U. S.
Co.—
iDel.),
com.-.
(monthlv)
Leather
$1.75
6-28
6-28
5-31
5-31
U.
S.
7-11
4-It
non-cumulative
Pipe & Foundry
Potash Company
Quarterly
,
1
6-
5-15
5-23
5-20
4-30
6-10
5-18
6-15
6-1
5-15
5-6
5-15
5-
40c
6-15
5-15
6-15
5-31
1
5-20
6
6-
6-10
5-10
1
5-10
6-
4-25
5-25
5-20
6-
5-
6-
1
4
5-15'
QrlO
5-
1
9
5-15
4-30
5-
7
4-27
37'Ac
10c
5-
7
4-27
6-
1
5-15
6-
1
5-15
5-20
5-1C
5-20
5-10
t3c
t3c
7-
2
4-26
7-
2
5-1
5-15
5-10'
5-28
5-13
6-
1
5-11
4-30
5-15
90c
20c
tic
25c
25c
$1.50
25c
6-15
5-25
5-22
4-22
5-15
5-
3
5-
1
11-15
5-15
1
5-18
5-15
5-10
6-
8-15
8-10
11-
9"
G2'Ac
7-
1
6-20
62%c
50c
$1.50
10-
1
9-20
7-
5-15
5-
8
5-15
5-
8
6-10
5-15
92'Ac
$1.12%
$1.25
2
4-30
5-15
4-30
5-10
25c
25c
50c
25c
4-30
5-15
4-1C
1
5-10
5-
7-
1
6-1C
6-
1
5-17
6-
1
5-17
5-20
'f'25c
t37c
5-30
4-3C
5-15
5-
3
(5-14
50c
$1.75
4-15
5-14
5-
3
.
6-15
$1.25
25c
50c
50c
53c
53c
58'Ac
58'Ac
$2.50
$1.7E
75c
4-23
5-15":
6-15
5-15
6-15
5-15
6-15
6-20
8-
1
7-15
6-
1
5-17
Co.—
Quarterly
$1.25
5-15
7-15
Mfrs.—
prior preferred (monthly)..
—
7% prior preferred (monthly 1
United New Jersey RR. & Canal (quar.)—
U. S. Air Conditioner, $7 preferred iquar.)_
U. S. Hoffman Machinery
(increased)
5-15
6-15
25c
6.36%
6-
5-20
4-20
5-15
$1.10
6.36 %
6-
$5c
preferred (quar.)__
$3.70
(quar.)
prior preferred imonthlvi
prior preferred
(monthly)
prior preferred
(monthly)
10-
50c
quar.)
Gas
——.
prior preferred
75c
Indiana—
&
Mo.,
i s-a 1
muar. i__
preferred (quar.)
Light & Railways Co.
37 %c
$1.50
(quar.)
(quar.)
Electric
Rubber
—
United
8
17'Ac
iquar.)
6%
$1.37%
Ltd
of
(increased
Corp.
7%
iquar.)
Gamble
(Dallas) (quar.)
Engineering & Foundry
preferred
(quar.i
7 7c
4-18
5-20
Power—
(quar.)
Street
Corporations,
Class
25c
preferred
iquar.1
United Merchants &
10c
(quar.)
preferred
United
<*jn
Shrs,—
Co.
Pump
Extra
5-13
jjli'T'
7-15
1
&
California
Biscuit
1
Ltd
(quar.)
Sto/age
of
1
5-
5-15
6-15
50c
Rubber Co., common
preferred iquar. 1
6-
10-12
5-15
5-15
$1.41%
common
Salle
&
$5
5-15
4-30
5-31
5-25
25c
25c
La
Asbestos
1
5-
5-29
pfd.
5%
Co.,
Quarterly
'
Electric
Common
South
Tyer
5-23
5-15
40c
10c
Quarterly
Quarterly
208
5-15
7-20
(increased s-a)—
Oil
&
preferred
1st
6-30
$1.10
iquar.)—
com.
Transmission
Tank
Union
6-
$1
Inc.
&
Company,
5%
iquar.)
B
&
$6
Ltd.,
Trinity Universal Insurance
4-25
5-15
12%%
Potomac
7%
6-29
35c
50c
(quar.)
Johnson
Class
5%
5-15
Trane
8
4-18
25c
iquar.)
iquar. 1
Mines,
25c
iquar.)
(quar.i
Pittsburgh Bessemer & Lake Erie RR. Co.—
Quarterly
Poor & Company, $1.50 CI. A pref. (quar.)_
Public
1
6-
$2
Corp.
Co., S3.60 pftf (quar.)
Co. (increased quar.)
Oil
Tokheim
4-25
4-10
iquar.)
Mfg.
30c
Final
Pitney-Bowes.
Public
6
5-10
40c
preferred
6%
5-
preferred
iquar.)
Coal
Gold
$4.50
Extra
Procter
4-25
$75c
common
Participating preferred
Pillsbury Mills, common
5%%
5-15
$1.50
Co.,
Philadelphia Electric, 4.4% pfd.
Philadelphia Transportation—
Pinchin
3
5-25
6-
$1.10
(quar.)
Philadelphia Electric
$4
5-
5-31
6-15
$3
pid.__
(quar.)
B
Philadelphia Company,
SI
5-14
40c
10c
(s-ai
Peninsular
$6
Toburn
75c
Interim.
4.40%
Thatcher
Tilo Roofing
5-31
$1
Corp. (resumed)
Park & Tilford, Inc.
(quar.)
Paymaster Consolidated Mines, Ltd.—
Peerless
4-30
4-20
6-15
50c
(quar.)
Economic
Peabody Coal Co.,
Pacific
5-15
$2.50
common
(s-ai
*
4-23
4%
37'Ac
2nd
Co.
Gas
5-15
*lc
preferred
6-15
13c
Inc.
50c
(initial)
4-30
5-10
30c
(initial)
(quar.i
Mines,
Electric
75c
(quar.)
common
47
Bearer
Common
37'Ac
Corp.
new
Western
Pacolet
5%
(quar.)
(quar.)
Lighting
Pacific
pfd.
5-10
t$1.12%
$1.50
(quar.)
(quar.)
Oil,
Gold
Sylvanite
4-29
5''
6-10
25c
5-25
Co.,
7-10:,
2
25c
37%c
Extra
5-15
Electric
1
7-
for
(increased)
Gas
Industrial
Sylvania
15c
&
Two
ts-ai
Co.
preferred
preferred
25c
Gas
(quar.i
Corp.
preferred
75c
Pacific
'
:
8-
50c
Propane
Co
Products
4-30
5-15'
1
Clothier—
&
prior
(monthly)
Clay
4-18
6-
40c
25c
50c
(quar.)
(quar.i
(stock dividend).
Fuller
&
Swan-Finch
5-15
preferred
Ray Drug Co., common
6%
+$1.25
Manufacturing
Baer
6%
5-22
6-20
5-25
5-15
$1.12%
Brothers
115c
20c
6*-10
100%
Stern
1
$1.50
6-10
1
40c
—
split-up
1
5-
Ltd.—
1
Corp.—
Co.
Co.
5-
1
1
7-
7-
$1.12%
iquar. 1
(quar.)
(Ind.)
Stoker
(A.)
5-15
1
5-
10c
45c
(quar.)
Co.
5-15
6-
1
Co.—
preferred
Co.
Dredging
Oil
Standard
7-
$$3
is-ai
1
4
6-
45c
convertible
$1.60
50c
quar.)
6
6-
5-
20c
t$1.75
(initial
5-
6-15
5-15
$1.48
preferred
$$1.75
com.
Service
Brands, Inc., common
i>0.5937$
(quar.)
6
4-20
5-6
35c
iquar.)
Extra
Standard
125c
iquar.)._
Insurance
$4.50
Water
Standard
$1.75
5-10
37'Ac
(quar.)
Inc.,
10-
J15c
Co.
6-1C
37'Ac
?19c
75c
(quar.)
Sovereign Investors (quar.)
Spencer Kellogg & Sons (quar.)
93 %c
common
B
preferred
6-
1
(irreg.)
iquar.)
Common
6-20
(quar.)
(quar.)
Brush
,;5715
1
Edison—
Public
3
Owens-Illinois Glass
Fibre
1
7-
62'Ac
Platinum
&
Works
Life
Ox
Pacific
6-10
6-
«10c
iquar.)
Ltd. (quar.)
Railway Co. iquar.)
Southern
6-10
$1
40c
(quar.)
&
,6-1
6-20
+29C
22'Ac
30c
$1.50
(quar.)
Co.,
Standard
common
Lathe
California
Southam
25c
common
Marine
5-, 1
6-15
5c
8-14
25c
(quar.)__
(quar.)
Products,
■'
(Howard) Paper Mills, Ltd.—
5-31
(quar.)
preferred
(quar.)
Precision
—
6-20
(quar.)
6%
preferred (quar.)
Ottawa Light Heat & Power,
Outboard
Creek
Southwestern
(increased)
(quar.)
Quebec Railway
Common
preferred
5-15
$1.50
Supply,
6-15
9-15
1
5-15
U5c
$$1.75
15c
(quar.)
Company
43A%
preferred
5%
7%
7-
(quar.)
Co.,
.9-15
10-
.
Common
6
$1.37%
Serv.
Wis;-/
1
Canada—
of
1-21
com¬
.
&
Co.
Southwestern
(quar.)
A
(s-a)__
5-
held
preferred
Natural Gas
Assn.
5-15
—
Extra
7%
1-31-47
30c
(quar.)
Co.
$4
Public
Beauty
Ontario
6-15
7-31
7-
Greyhound Lines—
preferred
Ontario
1
8-15
$1.50
Transit
preferred
Ontario
5-18
5-27
6-
$1
dividend)
Bancorporation
Oklahoma
4%%
1
6-15
tlOc
(initial)
shares
preferred (quar.)
Flour Mills, Ltd.,
Ogilvie
10-22
Southern
(accum.)
Water,
preferred
$3.75
10-30
25c
Northwestern
6%
7-22
Co.—
Gas
100
Insurance
Indiana
Northland
4-20
1
|50c
(accum.)
preferred
River
Northeastern
Northwest
5-20
1
8-
Investment Corp.—
preferred
North
6-10
5-
25c
Corp.
Pacific
every
American
1
7-1
5-10*
50c
(quar.)
(quar.)
Lid.
(stock
710-
$1.75
$1.75
$1.75
$1.75
115c
JS1.75
50c
25c
$1.12%
u
1
6-
$2.50
Co.
5-23 '
5-J5
6-15
50c
(quar.)
Corp.,
,
1
5-
50c
Railway
preferred
Mining
6-15
6-30
Loan
$1
(quar.)
Adjustment
Normetal
4-25
5-15
6-
Corp.
50c
Western
6-
4-25•
r
5-16
Remedial
Arms
60c
(quar.)
&
5-15
75c
Francisco
Savage
50C
class A
Lower Arch Bridge
Electric Corp
7-15
5-
12%c
Schenley Distillers Corp. (quar.)
50c
Scott Paper, $4.50 preferred
$1,18 7/10
$4 preferred
$1.05%
Seaboard Oil Co. (Del.) (quar.)
1
25c
Seaboard Surety Co.
(quar.)
30c
Secord
(Laura) Candy Shops, Ltd. tquar.)_
$20c
Securities Acceptance Corp. (Omaha), com._
10c
5% preferred A (quar.)
41'Ac
Shawinigan Water & Power Co. (quar.)
$25c
Sherwin-Williams
Co.,
common
iquar.)—
75c
4%
preferred (quar.)
$1.00
1
40c
Co
Niagara
Noma
(quar.)
20c
(quar.)
A
preferred
53 %c
(quar.)
Corp.,
iquar.)—
(quar.)
<
,
-.7-15
San
$1.50
Fibre
Brake
4%%
Inc.
Sherwin-Williams
Cotton
Hundred
A
1
5-10*
25c
Meter Co., $2.40 preferred (quar.)
New
Jersey Zinc Co
Newport News Shipbuilding & Dry Dock Co._
New
1
8-
5-15
6-
$1.25
Neptune
Nineteen
8-
4-30
$1.75
(quar.)
4%' pfd. (quar.;
Vulcanized
4-11
6-10
$1.12%
preferred
National
6-20
9
6-15
Corp.—
Co.,
1
5-
5-15
2c
Linen Service
(quar.)
National Paper <Sc Type Co.—
5%
preferred (s-a)
Naumkeag
6-11
5-14
35c
(quar.)
Gypsum, $4.50 preferred (quar.)__
Co., 7% pfd. A (quar.)
Tea
Ltd., common
(irreg.)
preferred
Ruppert (Jacob), common
7-15
2c
prior
5-23
7-
$1
National
5%
(quar.)
(quar.)
Roos Brothers,
2c
National
6
6-13
20c
(quar.)
com.
(quar.)
Welding
6%
■
—
Rolland Paper Co.,
9
5-31
$1.06
Products
Pumps
5-
6?
25c
(Del),
Lead
National
6-15
25c
$1.12%
(quar.)
5-10
30c
(quar.)
Quarterly
Quarterly
National
1
9
5-
5-23
6-
5-
$1.75
common
(quar.)
Electric
1
Inc
Inc
(quar.)
Gas
6-
50c
Inc.,
Lines
Cylinder
4% %
Ry
(quar.)
Casket
National
Louis
(quar.)
Fibres,
Company,
preferred
1
35c
35c
4% %
9-19
National
5-
7-
i
1
25c
Rheem
6-20
Co
4-JL9
5-15
15c
68%e
9-28
Acme
5-26
15c
6-28
National
5-31
(quar.)
$1.50
National
5-
(quar.)
$1.50
Chattanooga
610
B
(quar.)
Nashville
1
50c
80c
quar.)
.
>
6-15
$1.58%
pfd. A (quar.)
class
50c
A
(quar.)
—
-:
8
5-31
A
(interim
4-23
7-
preferred
Class
5-17
25c
.
(initial^.
5-15
5-
preferred
Common
5-15
I
6%
•
5-15'.?
5-15
6-15
6-
6%
Republic Petroleum Co.. 5%%
Reynolds (R. J. Tobacco—
5-15
W5
■
■
6-15
30c
Railway & Light Securities Co. (Del.)—
6% preferred A
Reading Co., 4% non-cum. 1st put; (quar.)
Reliance Mfg. Co., 3%% conv. put. (initial)
Reading Company (quar.)
Republic Investors Fund, Inc.—
3-15
v
6-15
$1.50
25c
$25c
30c
1
(quar.)
$5
Implement—
(accum.)
5-15
-
■
$1.25
—
(initial)
Common
preferred
4-30
15c
(quar.i
Frank
&
Mines,
1
5-10
25c
(increased)
com,
6-
$1.12%
preferred
Common
5-20
20c
preferred (quar.)
Massachusetts Bonding & Insurance
Mercantile
5-15
6-10
25c
(quar.i
4%%
Massachusetts
5-28
20c
Co
Corp.
Corp.,
Masonite
Meier
6-10
12c
25c
(quar.»
Extra
Mallory
$3.75
5-16
6-21
$2
(initial)
common
Garden
Square
iPhila.)
Telegraph
Products
Metal
Lyon
1
1
25c
Co.
RR.
Insurance
Corporation,
2-24-47
6-
7-
20c
Company
Luther Manufacturing Co.
Lynch
3-10-47
$2
(quar.)
Nashville
&
11-22
20c
(quar.)
Long-Bell Lumber Corp. (Md.», Class A
Long-Bell Lumber Co. (Mo.) (accum.)
Lunkenheimer
12-10
50c
(quar.)
Inc. iquar. t
Groceterias,
Lock Joint
5-17
3
(quar.)
Quarterly
25c
(accum.)
(quar.)
Carbonic,
Miami
Little
$3.50
Co
Match
Liquid
1
6-
30c
Co.,
(resumed)
Link-Belt
Lion
6-
30c
Printing
Common
75c
(Fort
Quarterly
Quarterly
Lincoln
1
75c
lquar.)__
common
(quar.)
National
6-10
6-
Co
Quebec Power Co. (quar.)
Radio-Keith-Orpheum, common
preferred
mon
Savers
1
Development
lc
Producers
5-
50c
$1.75
$2
25c
25c
(quar.)
common
6%
4-30
flOc
25c
(quar.)
Levy Brothers Co., Ltd. (interim)
Libbey-Owens-Ford Glass
Libby McNeil & Libby (increased)
Liberty Aircraft Products Corp. (quar.)
Life
&
$4 preferred B (quar.)
Murphy (G. C.) Co., new common
Muskegon Motor Specialties Co.—
$2 class A (quar.)
5- 4
Kentucky
30c
Mining
lc
preferred
$7 preferred
$7 preferred
5-10
5-15
Ins.
(quar.)
Oil
5-15
Co.,
6%
12- 2
Marine
(quar.)
(quar.)
Mountain
6-15
30c
(increased
75c
Society
Mullins Manufacturing—
Co.—
25c
Company
Corp.
Diablo
Mutual
(quar.)
Corp
City Fire &
Wheel
Co.,
6-15
6-15
30c
Kawneer
ft % conv. preferred (quar.)
Quaker Oats Co.. 6% preferred (quar.)
Quaker State Oil Refining (quar.i.
Quarterly
(quar.)
Kansas
5-10
4-26
Common
Co.
5-10
1
7- 9
8-10
Co.
1
6-
5%
9- 3
Battery
6-
$2
5-27
30c
W.
$2.25
8-27
(quar.)
K.
Pure
1
Common
Jewel Tea
5-10
5-10
3
Foundation, Ltd.—
Gas
1
1
6-
+25c
Co.
Iron Fireman Manufacturing
Common
(quar.)
Jacksonville
6-
Oil
5-i6
50c
6-
9-
Insurance
of Rea
$1.25
50c
$1
Plan
$7
(quar.)
pref.
5-15
$1
Morris
—
(accum.)
convertible
5-31
6-15
preferred
preferred
preferred
7%
preferred
8%
preferred (quar.)
Puget Sound Power & Light
Quarterly
50c
20c
Ltd
Corporation
Investment
6%
6-15
Payable
Share
of New Jersey—
(quar.)_,
(monthly)
(monthly).
(quar.)
$2.25
(quar.)
(s-a)
Extra
International Harvester, 7%
pfd. (quar.)
International Rys. of Central America¬
International Silver
6%
5-27
5- 1*
40c
International Bronze Powders.
Common (increased quar.)
preferred
5%
5-27
1
5-20
200%
Securities, Ltd.—
Aviation Group shares
Stock
and
Bond
Group shares
partic.
5-27
1
6-
$1
Co
S4.50
(s-a)_fl
$4 preferred C (s-a)
Moody's Investors Service—
$3 partic. preferred (quar.)
Institutional
6%
1
6-
t$l
Railway
Chemical Co.
6-
$1
Hoiaert
Service Corp.
Public
$1
Ltd
preferred A
preferred B
$4.50
Name of Company
5-25
$1.06
(quar.)
Louis
Co.,
of Reo.
When
per
6-10
12-30
5-20
$1.50
dividend)
(initial)
common
Monsanto
»
& St.
(R.)
Payable
25c
com.__
40c
(quar.)
Imperial Chemical Industries,
Ingersoll-Rand Co. (quar.)
Inland
Minneapolis
Holdere
25c
Co.,
Zinc
preferred C
Mitchell
5%
Illinois
4% %
When
Share
Home of Company
Minneapolis-Honeywell Regulator Co.,
4% preferred B (quar.)
47c preferred D (quar.)
5-17
6- 1
6- 1
$0.0889
On new 10c par value stock
Hussmann-Ligonier Co., $2.25 pfd.
Huttig Sash & Door Co.—
Idaho
Per
of Reo.
15c
12%c
(irreg.)
(quar.)
5% preferred series A
Huron Holding Corp.—
Payable
Share
Hummel-Ross Fibre Corp.—
6% preferred (quar.)
Holder•
40c
40c
50c
40c
-
6-15
6-20
5-15
v
aS.#-3'1 m
9-20
■
8-31 ♦
6-15*
6-li
12-20KU1-3Q*'
•
.
s
tssssm-
f
«;v
ifpfe?-
%
•*
'
:
■
•
4010^,
■
111'1111
i
Quarterly
■:4§°'Vk%
6-
9- 3
12- 2
1
1943
12-29
7- 1
6-20
10- 1
9-20
$1.75
5-10
5-10
6-15
6-10
6-15
6-10
6-20
6-10
7-20
7-10
6-10
+15c
5-10
6-15
5%
(increased)
1
1
5-18
5-31
5-15
5-31
5-15
6-
1
5-15
6-
1
5-15
6-
1
number of shares
5-22
5-
1
5-15
5-
1
6-12
5-31
Van Alystyne,
6-12
5-31
Coburn
9% preferred (quar.)
799 preferred (quar.)
West Virginia Coal & Coke Corp
West Virginia Pulp & Paper Co.—
preferred (quar.)
Western Pacific RR. Co., common (quar.)_.
(quar.)
(quar.)
(quar.)
Common
(Common
Common
preferred A (quar.)
$5 preferred A (quar.)
$5 preferred A (quar.)_
Westinghouse Air Brake
Westinghouse Electric Corp., common
799 participating preferred
Weston Electrical Instrument Corp
Weston (George), Ltd.—
4%%
preferred
(quar.)
$5
Westvaco
Chlorine
Products
(S. S.) Dental Mfg.
Wilson Brothers,
5-15
4-16
DoOlittle, Schoellkopf & Co.
JohnSon,
Lane,
Space
&
6-12
4-30
Bradford
5-15
5-
1
Taussig, Day & Co., Inc.--
8-15
8-
1
E.
Clucas
2,000
2,000
Newburger
Croweil, Weedon & Co
Nelson, Browning & Co
2,000
F.
Straus
2,000
Prescott
2,000
Raffenspefger,
Atnes, Emerich & Co.,
i-15
5-
7
&
5-14
4-29
6-
1
5-15
2
5-18
6-15
5-31
1
5-15
Provision
for
6-
1
4-20
Prov.
amort,
6-
1
40c
50 c
37Vic
7%.
tax,
Hughes
for
6-
1
6-
1
25c
25c
25c
5-
1
4-20
General
6-
1
5-20
Provision
7-
1
6-20
Taxes
50c
6-16
5-18
Provision
6-
5
9-
5
12-
5
Gross
Selling
1,000
1,000
Less British
source.
income
461,000
Kollsman
pany's
Sales
instruments.
enable
admin,
and
(other than
similar
are
163,
in
income
excess
Federal
Non¬
Net
Net
Ojther
12 Months Ended March 31-—-
_
Taxds other
Provision for
Federal
estimated
income
Federal
income
from
Net
ry.
170,663
290,897
483,368
Gross
169,618
236,236
Net
$1,271,307
_
than
Net
290,338
488,700
Maintenance
Provision for depreciation
-
_
taxes-
$1,234,158
*
Net earnings
Other
from
income—net
operations
$1,421,710
671,110
other
$4,308,434
$4,684,749
$4,735,513
amount
3,100,147
2,659,578
453,534
569,405
$655,770
18,883
■
accruals
—
Preferred Stock Offered—Mention
Was made in our issue of April 29 of the offering by
Van Alstyne, Noel & Co. on April 26 of 60,000 shares of
$1.25 cumulative convertible preferred stock, series A
(par $20) at $25 per share and dividend.
Cumulative dividends at the/ rate of $1.25
per share per annum,
payable quarterly March, June, Sept. and Dec. 31.
Redeemable at
any time m whole or in part on 60 days' notice at $27
per share
pIu?^ali «*vldend5 accrued
of
or
in arrears.
Convertible at
the holder into four shares of common stock.
the
222,723
States
and
other means of distribution in foreign countries.
In
hearing-aid instruments, accessories such as cords, ear¬
pieces and various other parts included in the composite instrument
addition
are
by
to
manufactured
also
distributes,
made by others.
;
by the company and sold separately.
Company
through its various outlets, hearing-aid batteries
25,110
21,532
$42,455,376 $41,082,269.
of
to
reflect
1945
6,000
6,000
9,355
Cost
125,231
of
Federal
profits
excess
profits tax.—V
excess
the
by
tax
163,
p.
1482.
United
the
in
adv.,
States)
1946
-
1945
$64,260,168
866,413,639'
48,343,457
:
goods
Selling,
48,463,765.
sold
admin,
and
expenses.
10,797,446
..
9,450.893
$5,119,265
general
operations..;
88.498,980
Income from unconsolidated foreign subs.:
Dividends
.
8600,000
...
Royalties
ex¬
Profit
Other
$158,181
-1
-
from
Profit
50,000
160,000
$212,654
163,976
160,776
$68,454
89,395
on
product
income
sales.
246.223
103.010
152,200
235,317
$6,207,084
$8,905,763
...
credits
t
$348,046
income
Gross
charges
421,528
for
Federal
for
Federal
Output—
Net
for the week ended April, 27,
income
Earned
for
income
profits
excess
132.275
2,118,000
taxes
1,208,340
4,b65,747
tax.
•
period
$3,667,555
$2,699,400
32.513,376
$35,212,776
225,000
of
48,459,924
$52,127,479
surplus at'beginning
Total
225,000
period..
surplus
1943
1944
1945
Earned
13,003,912
12,665,732
3,435,827
3,652,449
6,897,235
119,391,208
9,484,334
2,611,062
32,995.962
9,089,836
ry.
oper.
Net
15,936,485
*1,809,404
_
surplus
income
119,731,958 105,525,962
Net
fj-om
ry.
oper.
from
Gross
1945
Net
from
Net
ry.
1944
1943
$21,888,471
$21,174,374
8,897,855
2,979,996
2,875,206
68,969,092
64,017,822
59,030,695
12,217,645
28,519,465
26,267,864
28,043,338
5,592,851
8,477,785
8,363,309
8,358,762
—Week End. April 21—
—Jan. to
1946
Gross
earnings
—V. 163,
948.283
850,637.169
$34,038,793
SI.09
SO.78
$547,923
$578,063
share
163,
p.
accounts
2200.
25-year
Net
Co.
2.677,885
54,967,549
Period—
........
registration
a
2%%
debentures.
with
statement
Undetwriters
With SEC—
SEC
the
are
for S85,-"
Morgan
proceeds,
10,304,632
444,529
income-
period
Stanley
together with other funds of company, will be
applied to the redemption on or about June 14, 1946, of $85,000,000
25-year 3% debentures due June 1, 1961, at 101 and accrued interest/
10,070,851
income-
railway
oper.
of
Standard Oil Co. (New Jersey)—Registers
18,032,868
2,005,609
railway—
end
Company has filed
$19,507,336 $23;379,621
railway
at
41,076,892
35,804,085
9,951,778
Ry.- -Earnings-
railway-
pfd..
1,265.310
common
per
other
and
163, p. 2342,
1946
from
cum.
NOTE—Depreciation included in cost of goods
—V.
income
$4.50
on
dividends
Common
93487,100
April 21—
1945
1946
1945
$5,020,011
$7,069,590 $84,904,657$110,382,826
—V.
163,
p.
2200.
Staten Island Rapid Transit Ry.
March—
Gross
front
Net
from
Net
ry.
oper.
Net
from
ry.
1943
1945
1944
$509,503
0468,719
*7,439
191,904
223,887
$326,532
139.856
income.*60,913
87,896
115,864
74,958
815,870
1.431,533
1,221.821
18.462
490,227
563,042
939,056
407,990
*146,573
214,471
296.891
222,262
railway
from
-Earnings-
1946
$279,716
railway
From Jan. 1—
Gross
Net
p. 2236.
-
-
railway
railway
oper.
income..
•
'Deficit.—V.
163,
1772.
p.
Spiegel, Inc.—New Directors, etc.—
At
the
Nelson,
the
annual
Walter
board
of
stockholders'
M.
Heymann
Nelson
Production
held
Clement
D.
April
25,
Ryan
were
in the
posts formerly
Swikard, retired, and the
Folger and Edward L.
Mr,
meeting
and
directors,
is
best
known
for
his
work
as
held
late
Donald
M.
elected
Charles J.
Earl D. Weil.
Chairman
of
the
War
Board, and before the war was- Executive Vice-President
Roebuck & Co.; Mr. Heymann
is Vice-President of the
Stein & Co.—Stock Split-Up Approved—
(A.)
to
by
The
stockholders
240,000
shares of
on
no
Committee
The
April
par
This will increase the
Security Rulings of
ruled that the common
Chicago, and Mr. Ryan, formerly President
of Montgomery Ward & Co., is President of the
Spiegel-owned Whitney
Department Store
by
First
National
All
Bank
in
other members
officers
of
announced.
Chain
Stores
Diego,
the
Calif.
board
were
reelected.
company
were
relected, and in addition the
Kahn as Vice-President in charge of real estate
Kahn
was
formerly
President
of the Sally-
he
Inc.,
founded
in April
in
of
1926.
The
1944.—V.
Sally Chain
163, p. 2342.
for each
the
shave of Common stock
company's
transfer
was
pur¬
proposal to split-up theon a two-for-one basis..
the New York Curb Ex¬
stock be quoted "ex" on
additional share of common stoclS
held.
The new certificates were mailed,
one
agent
in
Chicago
on
April
29.-
distribution of one
share of no par common stock for each share heid will,
be mailed by
the transfer agent on April 29, the New York Curb
Exchange on April 26 announced that the stock would be quoted
"ex" the distribution on May
1.
The distribution is to stockholders:
of record of April 25, 1946.—V. 163, p. 2200.
Following notification
Mr.
which
by Spiegel,
San
of
the
chased
was
of
a
stock
outstanding shares to 480,000.
on
on
1946, the distribution of
April 27
common
of
change
Sears,
approved
25
value
number
May 1,
of
typi&eQ produced by the sojmi /waves, utilizing dry cell batteries
of
(Including Subsidiaries Operating
106,676
Co.—Earnings—
railway
railway
election of Arthur S.
as
reduction
postwar refund of
sales
6,000
218,350
8,930,230
*9,949,628
9,232,530
13,134,969
Three Months Ended March 31—
Net
*2,274,860
income—
The Sonotone hearing-aid
instrument currently being sold Is" a
comparatively small instrument consisting of a microphone which
picks up sound waves, an amplifier which strengthens the electrical
"
1,422 000
Standard Brands, Inc.—Earnings—-
19,589
$31,168,279 $42,356,387 $41,453,106 838,568,792
railway
Deficit.—V.
All
.
1,392,046
5,000,000.
adjustments and conting...
stock
203,667
Crl54,000
March—
option
BUSINESS—Corporation is engaged in the development, manufac¬
ture and sale of hearing aid instruments
designed to overcome or
minimize hearing deficiencies.
Such
instruments are sold
directly
to customers
through exclusive field representatives in the United
1,194,313
4,500,000
postwar
surplus
54,101
131,593
—
From Jan. 1—
Sonotone Corp.
3,247,406
*4.440.959-
tax
326,571
697,535
$6,700,000.
5,733,228
less
2.434,077
22,062
company
from
Net
$750,599
income,
on
Total
132,609
—V. 163, p. 2014.
404,42a
$41,082,269
1,860,336
.
taxes
Provision
railway
oper.
from
Gross
Net income
10,919,982!
$6,800,000
.
notes
000,000
$1,366,768
710,997
333,134
1,422,000
11,389,393
•
payable
income
r
Pacific
Southern
Gross income
deductions
:
23.197,723:
324,785
_
test.)
606,560
Federal
&
150,402
_
profits tax
excess
payable
for
From Jan. 1—
Net
2,890,072
charges
Accounts
20,442
1946
from
Gross
1945
$3,881,377
1,491,696
145,020
$1,914,932
3,694,183
$42,455,376
622,523
March-
1946
1,685,740
1945
$1,600,865
assets, less reserve for depreciation.
Dividends
$4,076,369
revenues
Operation
$1.30
31
2,136,000
Southern
(Operating
MARCH
debt
(Continued from page 2448)
Sioux City Gas & Electric Co.t-Earnings—
SHEET,
24,839,590
_.
refund of
Funded
1946,
kwh., as compared with 2,073,000 kw'n. for the cor¬
responding week last year, an increase of 2.8'.i .—V. 163, p. 2336.
totaled
$610,375'
$2.17
BALANCE
Total
20,026
Southern Colorado Power Co.—Weekly
Investment News
$9.32,584
1946
assets
Deferred
174,725
1,816,400:
share.
receivable
Postwar
889,003
610,000
(est.)
tax
Inventories
19,728
(est.)
output of this
profits
„
Accounts
Sundry
163, p. 2300.
Electric
1945
$3,490,503-
months.-.
Provision
Corporation ami
(& Sub.)—Earnings
1946
Cash
Income
General
line.—V.
496,350
on
year
excess
common
190,348
163,976
for
and
three
per
Capital
contingenciesof prior year's provision
profit
senior
203,346
profit,
Earned
Dividends paid
—V.
now
$3,137,289
income
Earnings
1,600
credit
that
50,575
for
profits
cess
Scout,
prices
1,331.359
$8,972,987
tax
taxes
Bonn,.
the
to
earnings
4,356,804
tax
Federal
construction
Depreciation
10,729
profits
and
appearance
Staley Manufacturing Co.
(A. E.)
$9,163,336
for
Federal
reduced
C.
Kollsman
as
Three Months Ended March 31—
Gross
139,299
deductions^
Other
substantially
to
Wesley
to
known
2342.
p.
4,629,151
etc
income)
traced
according
line,
new
private pilot to take advantage of modem instrumentation
for safer flying and
greater utility of operation, Mr. Bonn said.
The
Scout
line
supplements
the piecision
instruments
manufac¬
tured for the Army
and Navy and commercial airlines, he said, and.
$9,473,226
accounts
Fed.
be
- can
the
fcr
the
Reserve
expenses
doubtful
for
Division,
Instrument
Manager.
active
market
The
133,808
patents,
1909.
p.
Accrued
$9,277,788
195,437
195,578
2,786,491*
1,940,440
Square D Co.—Revises Production Schedules Upward
384,486
of
__
Widespread acceptance by the private plane industry of a new;
of
quality papular priced aerial navigation and engine, controlr
instruments specially designed for private flying,
has made neees-:
sary ,frequent, upward revisions of production
schedules at the com-,
5,326,811
Federal
tax.
141,943
income.
LIABILITIES—
$9,738,788
depreciation-Prov. for amortization of mailing--
Canadian non-residents' tax.
the
793,702
163,
Notes
1943
$8,972,987
depreciation
through carry-back of unused
at
2,007,142
111,098
railway
line
CALENDAR YEARS
$9,593,204
profit on sales
and shipping expenses
Reduction
a
—V.
1,000
& Co.
1944
Advertising
dividend.
deductible
5,456;55l
722,330
5,253,021
1,095,409
'Adjusted
6-15
6-15
9-15
12-15
6.428,025
Permanent
&
103,000
sales
6-15
$1.12%
$1.12%
765,436
4, 588.625
railway
oper.
$9,788,782
of
for
resident
1,000
Co
Inc
STATEMENT FOR
sales
net
Adjusted
6-
Jamaica income tax.
15%;
Co., Inc._-
Herbert W. Schaefer
Operating revenue and other income
6-20
75e
75c
this
from
ry.
4-20
1
115,238
savings
Provision
resident tax
&
1,000
1,000
1,000
Inc
1,000
Renegotiation refund (est.)
Cost
.
tax
Co.,
Total
6-
31%c
75c
funds,
Co.,
1945
6-
20fi
$0.2083
Quarterly
Canadian
&
L. Putnam &
5-39
251,513
ASSETS—
Irving J. Rice & Co.-_
INCOME
CONSOLIDATED
Net
Pate,
1,000
Sherreld
350
35c
Monthly
Youngstown Sheet & Tube (quar.)
Zion's Cooperative Mercantile Institution-
in
Pitman
1,000
Inc.
Brothers
Butcher
7
5-
Buckley
&
& Hano
cohu & Torrey
11- 1
43,271
income.
1,079,262
I—
COMPARATIVE
1,000
1
Sutrb & Co
1943
$1,834,122
349,905
$2,029,350
709,487
oper.
Net
5-10
__
JPayable
Smith
1
Blosser
1944
$2,309,233
230,266
Co.,
Inc.
1
1
■
fPftyable in U. S. funds, less 15%
McAlister,
5±
&
1945
$1, 729,804
1,000
2-
8- 1
1,000
Moore &
11-
6-
25c
for
T.
1946
railway....
froth
Gross
1,000
Jones & Co
Inc.
2,000
Co
&
C.
Irvine & CO
Mead,
2,500
2,500
Inc
Pomeroy,
1
5-15
.
closed
Robert
Berwyn
5-
1,000
1.000
1,000
Chicago
& MacGregor, Inc.
Grubbs, Scott and Co
&
5-15
1
(quar.)
(initial)
Woodall Industries—
5% convertible preferred (quar.)
Woolworth (P. W.) Co., common (quar.)
Extra
Worthington Pump & Machinery Corp., com.
iW/o conv. prior preferred (quar.)
4%% prior preferred (quar.)
Wrigley (Wm.) Jr. Co. (monthly)
Monthly
♦Transfer books not
Hutton
Schoellkopf,
W.
Glover
2,500
99,642
Expenses
First Securities Company of
2,500
6-
Winconsin Bankshares Corp
xLess 30%
Co
<fe
Inc
Co.,
1,000
Sons---
&
3,500
2,500
& Co
Johnston,
C.
1,000
1,000
Co
Co
$9,696,204
— —
Quarterly
Quarterly
Lemon
5-15
320.801
39,328
raflway--..--
from
From Jan.
No. of Shs.
&
&
Edwards
G.
3,500
i$1.12!^
(increased quar.)
common
preferred
A.
541,585:
117,690
71,942
26,963*
the respective
Name—
Dempsey
3,500
4-16
11-15
75c
75c 1-16-47
5-15
$1.25
8-15
$1.25
11-15
$1.25
$1.25 2- 15-47
6-15
25c
5-29
25c
5-29
25c
6-10
40c
$5 preferred A (quar.)
ry.
6,000
5-15
$1.12Vi
75c
75c
Net
Middlebrook—
&
487,096
213,739
143,698
1909.
p.
from
cumulative
No. of Shs.
Co
J.
$1.50
$1.75
25c
.
Net
Noel & Co.-_
1
6-
43%c
(quar.)
Gross
of the underwriters and
names
549,382
74,198
30,875
$233,316"
Spokane Portland & Seattle Ry.—Earnings—
purchased by each of them are as follows:
be
to
Name—
Michigan Steel Fdy.—
West Penn Electric Co.—
t
UNDERWRITERS—The
6-15
1
163,
*60,000 shs.
$819,878 she.
5-15
7-
7
Courts &
preferred
$1.25
345,220
_
March—
note
25c
50c
Extra
5%
the
12Vic
(quar.)
,
shares of
60,000
are
$1.00
Wentworth Manufacturing Co., com.
$1 conv. preferred
(quar.)
West Indies Sugar Corp. (s-a)
White
stock (par $1)
25,186
railway
oper. income.
Outstanding
estimated
net
proceeds to be
received will be
$1,350,000.
Approximately $250,000 will be used to
payable to Manufacturers Trust Co., New York, N. Y.,
and approximately $550,000 will be used to reacquire from the bank
all of the customers instalment payment contracts previously sold to
the bank.
The proceeds of the 250,000 bank loan with the Manu¬
facturers Trust Co. were used to the extent of $175,000 to retire a
previous loan with the Metropolitan Life Insurance Co. and the bal¬
ance was
used for additional working capital.
A portion of the pro¬
ceeds from the shares
being offered may be used for expansion of
plant facilities.
The balance of the proceeds will be used to augment
the company's working capital.
5-18
6-
$1.13
$9
22Vic
$1.25
$2.50
$1
$1.50
preferred (quar.)
Washington Railway & Electric, common—
Participating units
5% preferred (quar.)
6-
6-
50c
75c
3
ry.
FINANCING
PURPOSE—The
5-10
7-
from
Net
100,000shs.
11,100,000 shs.
$20).,
(par
10,199
$15.7,456
35,406
•9,977
railway—
from
Gross
Net
5,039,000
PRESENT
TO
approximately
5-10
6-15
tf 1
t25c
$4.50
stock
Preferred
retire
(increased)—
preferred (semi-annual)
Wayne Knitting Mills, common
6%
preferred (s-a)
7-15
5-15
$1-75
(quar.)
common
I
12- 1
5-15
EFFECT
convertible preferred
stock, series A.
fOf the authorized shares 240,000 are reserved for
issuance
upon conversion of $1.25 cumulative convertible preferred
stock, series A, and 10,000 shares are reserved for issuance upon the
exercise of option to the president of the company.
?Exclusive of
3,309 shares held in the treasury.
The transfer agent for the preferred stock and the common stock
is Manufacturers Trust Co. and
the registrar is Bank of The Man¬
hattan Co.
The common stock of the company is listed on the New
York Curb Exchange.
1
'9-
9-10
37Vic
!3%C
13 %0
13 %c
13 %C
$1.50
Detinning Co., common
7%. preferred (quar.)
Wait© Amulet Mines, Ltd
Walker (Hiram) Gooderham & WortsCommon (quar.)
$1
preferred
(quar.)
6-
12-10
8- 1
$1.75
Class B (monthly)-
Co.,
6-10
GIVING
-
81,838
From Jan. 1—
Authorized
Common
5-15
1
CAPITALIZATION,
1943
$196,032
22,506
income._
oper.
1944
1945.^
$116,469
5,972,000
"
:
'These
fl.75
Vulcan
Warner Brothers Pictures
6-
Net ry.
—V.
5,868,000
1942
62%c
62 %c
3,605,000
3,192,000
367,000
1944
9-28
$1.25
Hearing Aids
$7,513,000
$2,276,000
1946
March—
Gross from railway—Net from railway.
a
War Products
6-28
^
by
oscillator
schedule of thfi company's sales of war products
and hearing-aid instruments during the war years:
Thd following is
194510-
bone
a
One
5-15
6-
or
-Earnings—
Spftkattfe International K.
conduction
contained in a single
receiver
air
an
of the principal objectives in the development of hearing
aids is to minimize the size of all parts in order that the user may
wear them comfortably and inconspicuously.
750
75c
'
convertible
either
microphone ana amplifier are
with the batteries and the receiver or
The
connected
wires.
1
1-1-47
76C
(quar.)
YfS preferred (quar.)
iSI&W preferred (quar.)
fctica Knitting Co.—
9% prior preferred (quar.)
9% prior preferred, (quar.)
lility Equities Corp.—
»3.50 prior preferred (aceum.)
—Vapor Car Heating) Co., Inc.—
1% preferred
(quar.)
*795 preferred (quar.)
795
preferred (quar.)
Virginian Railway, 6% preferred (quar.) —
Viskihfc Corp., class A (monthly)..Class B (monthly)
(Mass A (monthly)
$1.75
os&llatdr.
7- 1
*y preferred
D.)
and
supply,
power
,
Upper Michigan Power & Light—
(S.
3
9-16
$1.06%
preferred (quar.)
Warren
6-
6-17
*-———25c
———————
Pictures—
It
1
12-16
25c
a
case
6-10
25c
25c
—
of R**.
Payable
..f§
{initial quar.)__
yitfv*rsal Laboratories, Inc.
Quarterly
aom$r*
When
6H*to
Nmms ot Compont
>U6tvt>rsal
_
■
.
17, S. Rubber Co., 8% 1st pfd. (quar.)
traversal Insurance 6o. (quar.)
West
Monday, May 6, f946
COMMERCIAL & FINANCIAL CHRONICLE
m
additional
that
certificates
covering
Volume
163
Stix, Baer
The
Number 4487
& Fuller Co.—Annual
company's operations for the
resulted in
possible
net
a
future
contingencies)
handing
THE COMMERCIAL & FINANCIAL CHRONICLE
profit of $1,504,452
decline
which
in
market
requirements.
interests for
—
value
of
inventories,
$4.71
deducting
share
per
the
31,
1946,
the
on
preferred
other
and
Common
shre
Working
Jan.
31,
31,
Jan.
on
31,
balance
Jan.
on
Jan.
on
on
\ capital
per common
share
the previous year.
for
capital
55,505,623
capital
$4.19
of
31,
1945,
1946,
1940,
the
1946,
or
six
$6,545,117
was
increase
an
$2,860,913
was
years
term
compared
as
debt,
of
with
$2.61
Partial
of
the
due
made
at
per
was
improvements.
of
31,
Jan.
1945,
there
and
include
loan
this $2,250,000
fund."
improvement
Of
this
1
EXPENSES,
CONSOLIDATED
OP
YEAR
ENDED JAN.
INCOME
from
Net
ry.
Co.
of
New
oper. before deduc. of exp. listed below
trustee,
140
Broad¬
3120.
p.
from
from
ry.
sold, and taxes
linterest
incl.
in
of
cost
Balance
$4,809,409
before
etc
Prov. for Federal income taxes:
,
Excess profits tax
2,950,457
for
Provision for possible future
inventories and other
26,856
declared
1945,
decline
307,352
30,255
tax, surtax and,
value excess profits tax
State income tax
2,817,900
438,631
Normal
value of
$4,292,562
250,000
150,000
$890,454
$1,354,452
S.A."
130.902
291,813
218,928
TACA
per
share
$4.19
$2.61
JANUARY
Cash in bank and
?United
States
Customers'
Invent,
series
merchand.
hand
on
and
in
of
3,464,269
transit-
3,555,914
fund-
&
45,984
15,000
52,683
76,543
1,080,196
1,355,698
refund
of
Federal
certain
395,576
310,506
173,845
158,318
in
the
1,202,633
1,209,662
nine
1
1
122,628
122,535
the
TACA
133,979
154,243
the
service
notes
$12,206,939
Prov.
for
Accrued
3rb
2i/4c<
and
payable
(not
of
cumulative preferred
current!
stock
stock
500,000
reserves
1945.
t After
81,455.495
for
in
Federal
of
for depreciation
for
reserves
1945.
t After
income
in
of $1,780,943
depreciation
deducting
taxes.
$3,454,096
§ After
1945
and
El
1,870,025
3,508,096
in
of
applied
amount
deducting
$2,626,290
1946
S.
U.
in
$12,206,939
$1,704,300
1946
in
against
treasury
1944.—V.
and
liability
series
tax
163»
the
share,
per
payable
Jan.
28,
were
declared,
.1946,
30,
last,
1946,
C.
O.
four
payable
terly
Bowden,
"It
and
its
meet
at
cents
12,
2,
record
Sept.
June
1,
dividend
one
of
50
June
each
Dec.
ana
Aug. 31
12,
and Nov.
paid,
was
On
1.
share
per
12
cents
60
cents
stated:
on
for
annual
"It
April
the
of
to
at
a
the
establish
1946
It
of
intention
1946,
results.
rate
the
is
29.
year
is
$3
rate
believed
now
share
per
that
quar¬
justified
are
by
of
the board
of
directors,
in
the
the
following
then
which
action
any
163,
corporation,
redemption
sinking fund
will
ment
St.,
formerly
May
on
the
board
made
New York, N.
of
directors
take
may
in
craft
in
per
directors
Cargo
Y.—V.
a
April
on
Oil
at
Trust
103
and
Company,
interest.
trustee,
by
25
President
mated
of
an
payable
the
and
through
initial
May
Under
stock
of
ferred
The
the
&
dividend
of
13
to holders
15
of
cents
record
of
have
merged
agreed
it
Sunray,
was
A.
will
company
in
principle
ahnpuhc'ed
and
approximate!# £5,000 bari'di£r.iin !
is subject to stocftfoolMrs'
the
to
group
public
be
to
of
securities
organized
and
of
vided that
if
the
of
proposed
Sunray
will
receive
at
par
the
merger,
for
each
This
will
holders
share,
be
$70
the
only
of
in
capital
new
It
is
pre¬
outstanding
par
tenders are
stockholder.
contemplated
Transwestern
to
of
1940
from
more
than
to
holding
company
for
these
American
1944
1943
1942
23,070
22,419
19,047
Betz &
Rakestraw,
2,500
5,000
4,000
Co
2,500
Reinholdt
Gardner.
5,000
5,000
Scherck, Richter Co
Schoellkopf, Hutton &
Pomeroy, Inc.
20,000
Co
8s
Co
8,000
10,000
&
4,000
2,800
5,000
Singer, Deane & Scribner__
5,000
2,600
Clement
Stix
G.
I.
duPont &
Edwards and
A.
Co,__
Sons__
Evans
&
The
&
Co
&
First Cleveland
8s
Stroud
8s
Corp..
White
10,000
Co.—
2,000
&
8,000
Co
&
Wyatt, Neal & Waggoner—
2342.
p.
18,000
Inc
Co.,
2,500
Yarnall
Garrett-Bromfield
163,
5,600
3,000
—
Blosser—
Straus
2,500
Co
& Boyce
Bros.
5,000
Richards
—V.
Stein
Co.,
Inc.
Field,
5,000
&
Co.
(Excluding European Subsidiaries)
3 Months Ended Mar. 31—
"Net
per
for
charge
a
to
extra
to
income
been
$8,029,000
$0.74-
depreciation,
for
Federal
of
1943
1944
1945
depletion, amortization and after
excess
profits taxes and in 1945
reserve expected to be allocated
for drilling productive wells, whereas in 1944 a. charge
$2,000,000 for contingencies arising out of the war has
charges
provision
sh.
common
1946
$11,214,961 $12,215,100 $11,878,754
$1.00
$1.03
$1.03
profit
Earns,
income
$1,000,000
costs
of
as
and
special
a
made.
W.
S.
S.
Rodgers,
maintenance
siderable
of
Chairman
OPA
in
expressed
board,
the
of
that
belief
ceilings since V-J Day has caused "con¬
industry.
The OPA price ceilings are
price
dislocation
the
refinery production out of balance
elimination of price control the
operation of the law of supply and demand would automatically result
in the manufactuie of the various petroleum products as required."
disrupting
with
industry
product
by
keeping
.
>
the
With
demand.
Control of prices has caused
the refiner "to run his crude to produce
maximum
gasoline, the high revenue product, with low production Of
critically needed fuel oils" as a consequence, Texaco's board chairman
pointed
out,
"gasoline
production
exceeded
demand,
resulting
in
excessive inventories and the production of fuel oil was inadequate to
meet
the unexpectedly
large requirements."
28.7
25.6
63.200
12,640,000
59,899
9,284,814
11,063
825,198
57,083
6,257,278
12,114
567,105
a
OPA
in
12,407
992,560
11,501
1,232,585
flown
In
brief
a
EARNINGS
FOR
CALENDAR
(1)
An
1944
1943
1942
$884,247
1,068,547
$1,080,532
1,387,065
express-
-
$1,099,074
943,190
$786,594
663,300
75,553
_
baggage
68,530
69,532
68,045
54,001
35,950
on
the
industry's
Mr.
Rodgers
in
his
will
fall
past several
off
price
new
production
costs will rise
established to stimulate exploratory
than in the past;
must
important
new
and
locating techniques are developed;
new
be
far greater scale
a
position as regards to crude
reiterated a ihree-point warn¬
annual reports:
of
made
discoveries
Unless
prices V2-cent to
and in March
ceiling
raised
1946,
many sections of
the country
to make them nationwide.
nationally,
has
equitable
be
February,
In
increased
to
meet
domestic
discovered imports
and civilian require¬
are
reserves
industrial
military,
ments.
Referring
62,822
93,382
Mail
Excess
(3)
must
in
increases
entirely
(2)
past
summary
he
New
unless
YEARS
and
gallon
these
which
the
problem
January
per
production
ing
of
serious
34-cent
oil
Company
problem
with
24.8
81,271
14,670,798
flown-
chairman
reviewed
the industry's fuel oil
winter; the industry was, and is, faced
supplying the needs of the Navy and the*
War Shipping Administration.
Some relief was afforded the industry
by OPA ceiling increases of
15 cents to 21 cents
per barrel
on
residual fuel oil.
the
To relieve the situation on distillate fuel oils,
Texas
supply
extended
33.0
and
Passenger
at
that
of
rate
Middle East jointly owned operations, Mr. Rodgers
refinery on Bahrein Island is currently operating
the
to
commented
the
services
barrels
p.
Refinery
not
188,975
56,104
65,535
6,142
6.379
43,126
14,438
21,592
$2,831,886
$2,188,599
$2,245,770
2,966,547
2,240,697
1,250,324
$744,954
$777,948
$5,073
of
$326,076
cos.
Other
Total
Ras
at
Arabian
approximately
90,000
75,000
Tanura,
American
Oil
barrels
barrels
has
Co.
a
per
day.
reached
now
$1,576,400
3,576,840
other
&
a
per¬
sub.
for
consol.
day and the Arabian
Crude oil production
approximately 170.000
daily, compared to 83,000 barrels daily at the close of 1945.—
V.
Agency
Operating expenses
Balance
Profit
on
.
received
-V*
that
sale
equip, to
of
sub.
163,
1773.
Texas Gas Utilities Co.—Tenders
will
51,027
71,364
income
The
$Dr337,030
Dr85,956
1,641
5,094
Dr$l,010,620
Dr$863,904
$6,714
2,900
11,400
$863,904
£$3,814
$$370,797
until
trustee,
3
Company
Sought—
prices
not
Insurances
for
on
Lives
Granting
and
and Chestnut Streets, Philadelphia, Pa.,
receive bids for the sale to it of first
amount sufficient to exhaust the sum of $9,700 at
Fifteenth
May
p.m.
mortgage bonds to an
$382,197
(net)
Pennsylvania
Annuities,
flight
not con¬
solidated
Other
in
excess
of that
amount,
pre¬
par
pro¬
purchases
to the amount of preferred stock tendered
•
•
prion : ta
will transfer-to
income
for
"Net
income
•>
the
effective
UJiheif "coloration
and non-producing oiF&ftd gaslrtfyalty
f
•
all
date-of
of
1,333
taxes
loss
$1,011,953
"Exclusive
of
equity in results of other
to exceed
10,
par
1946,
interest—V.
and
Texas Gulf Sulphur Co.,
companies.
"Prof. aft. all chgs., but
Federal
JProfit.
■
merger,
its producing
interests and overriding royalty
&
157, p. 2054.
Inc.—Earnings—
subsidiaries
operate
under
franchises
1946
1945
1944
$4,035,743
verse
effect
on
for
revenues.
write-offs
incurred
in
preparing
for operations which did
materialize.
proceeds ($6,925,000) to be received
by TACA from the sale of the securities now offered, approximately
$3,400,000 will be applied to the following purposes in the following
amounts:
(1)
approximately $700,000 to the repayment of loans out¬
standing
at
the closing date under
the $2,000,000 Export-Import
Bank credit;
(21 approximately $1,500,000 to the repayment of loans
outstanding under $2,000,000 Bankers Trust Co. credit; (3) approxi¬
mately $.1,200,000 to the payment of an equal amount of outstanding
commitments for-the purchase of equipment.
PURPOSE—Of
No
the
total
net
allocation of the balance of the net proceeds remaining
application of a portion thereof to the foregoing purposes has
specific
portion' thereof, together with other
general funds, will be available and may be used by TACA, or by
subsidiaries or associated companies to which the same are advanced,
for capital
expenditures, including the purchase and lease of flight
and ground equipment, purchase of materials and payment for ser¬
vices in connection with conversion and maintenance of aircraft, for
been
made.
Such
additional investments in the securities of the subsidiary
companies, or other companies,
and for such other
purposes
related to the operations and business of the System as
the board of directors may determine.
Any balance of the net pro¬
associated
ceeds
remaining after application thereof to any or all of the fore¬
to the general funds of TACA as addi¬
working capital.
going purposes will be added
tional
&
$4,538,274
$3,557,079
excess
Net
tax
1,083,000
$2,465,274
3JB4O.0OO
1,631,000
2,073.000
$2,952,734
3,840,000
$0.77
Outstanding common
Earnings
per
shares
—_
share
#0.64
1
$1,926,079
3,840 000
$0.50; j
1946, $144,933 In 1945 and
$127,627 in 1944 for depreciation; $287,104 in 1946. i#336,961 in 1945
and $276,443 in 1944 for amortization, and $100,000 in all years for
"After
deducting
charges of $118,416 in
contingencies.
Earned surplus on
March 31 was $31,739,596 and current' assets,
including cash and U. S'. Treasury notes and certificates of $29,169,393,
amounted
to
$32,288,642 exclusive of inventories of
sulDhur above
ground and materials and supplies.
Current liabilities, including pro¬
vision for current taxes of $8,062,891, totaled $8,445,796, and reserve
for
:
-
1291.
contingencies, $2,657,535.—V. 163, p.
■:?!> JM:.
Texas Pacific Coal &
Oil Co.
operating
Deducts,
from
income
gross oper.
(& Sub.)—Earnings—
1946
$1,235,395
542,311
Quarter Ended March 31—
Gross
income—
from
Profit
Other
income
$693,084
operations
-
Gross
Income
income
—
Prov.
for
deprec.,. depl., etc
Prov.
for
Federal
income tax
'
—
.»■
$701,388
—
charges
I
1,272
327,089
25,000
surplus (bef. divs.)_
^Number of outstanding shares—
$348,027
Earnings per snare—.j——-—.i—-—
$0.39
Net
to
886,541
'V'
,,
$709,416"
'■
$312,827
'■>
■"
.
' !■
$717,817
51,159
336)081-188,404
1,227
50,000
f
8,401
10,041
.
^
*
'
#902,786
8,304
credits
^
1944
$1,294,406
584,990
1945
$1,608,249
705,563
mm— i.i
;
remaining
payment for
or
bef. taxes—
income
and
various periods of time by the foreign gov¬
ernments involved.
A substantial portion
of the operating revenues
of such subsidiaries, since the middle of 1942, was derived from con¬
tract flights
to and from Miami, Fla., which, by action of the Civil
Aeronautics
Board, may be materially curtailed with resulting ad¬
granted
foreign
profit
profits
consolidated
fTACA's
by
Sunray.
will be pro rated according
by each
'ap-'!/
managed
becomes effective, Sunray will invite tenders of
during a limited period and will purchase at
and retire preferred stock tendered up to $25,500,000 par value,
at
on
A.1 Beeilgsbri,'
'a'ri;'esti-':
merger
ferred stock
prior
service
air¬
carried
tons
Freight
after
Sunray
of
Co.
Sunray,
of
Co.
terms
stock
20,000
House
drilling
Wall
merger
distribution
Transwestern
stock
of
the
underwriting
Dillon
preferred
the
the
to
of
Oil
into
President
Transwestern.
an
Eastman,
If
Transwestern
Wright,
consummation
proval
Co._
Co
Northwest
10,000
Equitable Securities Corp.- 10,000
A.
Re¬
and Guatemala. These
the development of
the
time
central
Central
carried--
(Includes
and Transwestern
of
daily oil production
The
the
use
concessions
declared
H.
C.
2,500
I. M. Simon & Co
Pay¬
16
2015.
p.
Corp.—Merger and New Financing Pro¬
corporation
merger
1
Pacific
7,500
Moore, Leonard & Lynch—
Nashville Securities Co
4,000
3 Mos. Ended Mar. 31—
posed—
May
the
or
almost
from
1945
not
on
the
(•Operating revenues:
& Co., Inc., has called
outstanding 15-vear 3"V.»
its
1958,
1,
Bankers
163,
share on the common stock,
30.—V. 163, p. 233.
This
in
One
in
eight
26,405
of
Cargo ton miles
April
Sunray
1940.
established
succeeding
in
years
to
and
1931
Yerex
Central
of
Yerex was
conducted,
became
of
miles
Passenger
Prov.
Suburban Propane Gas Corp.—Initial Dividend—
The
Rica,
these
development
Lowell
table:
number
Passengers
Brothers
all of
Dec.
due
the
at
Stokely
194G,
31,
debentures
be
6,000
Co
&
1
5,000
2015.
p.
Stokely-Van Camp, Inc.—Calls 3Vfe % Debentures—
for
and
points
1945
Total
This
the
by
companies
elements
Honduras
in
flown
Hours
future,
dividend action in light of the con¬
existing, but, except for dividends already
representation is made with respect to any future dis¬
or
3,000
Sheridan, Bogan Co
by-
consider
to
prospects
no
additional
Costa
America,
subsidiary companies of
TACA, which include the Salvador, Honduras, Costa Rica and Nica¬
ragua companies
ithe Mexican subsidiary does not presently conduct
any
flight operations) during the past few years are indicated by
board
regular
a
justified
2,500
5,000
operations.
operations
formed
intention
thereto."—V.
respect
of
25
June
dividend
Martin &
McKnight,
Inc
The Milwaukee Co
results.
quarterly
bursements
of
March
only
operating
an
present
and
declared,
12,
on
1945,
action
expected
the
ditions
In
payment
operating
is
dividends
record
President,
by
dividend
dividends
current
stockholders
to
March
on
of
additional
an
3,000
Milhous,
_
The
March 10.
on
directors,
current
12
quarterly
respectively.
quarterly
to
June
to stockholders
per share
of
April 29 declared
Sons
2,500
mail,
or
between
of
was
the
During
countries
Mr.
Sterchi Bros. Stores, Inc.—50-Cent Additional Dividend
on
&
2342.
p.
&
&
"After
operations
in
grew
Latin
established
between
years
principal
points
were
which
Gordon Meeks & Co
5,000
3,000
Torrey
Francis
Fla.
were
1931.
Salvadoi,
in
outgrowth
the
which
property
carriers
air
Miami,
is
the
the
1943,
until
and
Average
and
$1,478,949
5,000
Co
&
& Co._
M. Marks
it,
passengers,
territories
transport
which
SUMMARY
The directors
of
established
Yerex
which
transport
2,905,550
$14,457,952
After
notes
350,000
1,870,025
Total
*
and
3,000
2,800
_—
10,000
Maxwell, Marshall & Co—
8,000
Brothers
&
The
2,918,710
___
Surplus
tn
and
about
throughout
points
period,
L.
Laurence
Bonbright
investments in sub¬
which principally
with
air
.
150.000
$25)--
(par
$10)
(par
air
holds
but
associated
or
TACA,
during
few
2,800 %
& Co
Lyons & Co
Airways,
lished,
2,188,446
4,468,440
Common
"TACA
to
W.
5,000
4,000
Co
&
"Inter-
to
820.710
taxes
liabilities
annually
and
Its
571,556
1,312,677
645,302
income
sundry
1939.
changed
was
1943,
27,
25,
Aug.
on
corporation
a
463.324
1,270,233
wages
and state
which
contract
as
airlines
these
a
Panama
as
36,404
255.000
year
serial notes payable to bank mot current)
for possible future decline in market value
inventories and other contingencies
Res.
1rc
ana
Federal
expenses
notes,
one
Brown
Curtlss,
America.
During this
the sole owner of these
time, as corporations
or
as
sole
proprietorships.
On Aug. 25,
1939 Mr. Yerex arranged
the
formation
of
a
corporation
under the
laws of
Panama,
now
named
"TACA
Airways,
S.A.,"
to
which he later transferred his
interests in various of the operating
companies which he had estab¬
$68,653
within
to merchandise creditors
B.
Bradford
Courts
491,738
1946
payable
always
alphabetical
alphabetical
Kidder
and Co
Texas Co. (& Subs.)-
countries
System,
operations,
payable June 1,
serial
C.
Cohu
not
organized
was
company
countries
constituted
of
Jan.
on
companies
Honduras
Mr.
of
S.A.,"
acting
publics of Nicaragua,
50
notes
1
Co.
M.
Laird
1,500
D.
D'Antoni
Republic
company,
of
years
$14,457,952
Accounts payable
Accrued salaries
is
S.A.—Stock
16
America
companies
LIABILITIES—
2l/4cc
it
reasons
transportation
of
such
of
381.100
Total
8't.
air
operating
first
Republic
Invest, in cap. stocks, bonds and misc. receivs.
Invent, of work, sup. & other del. oper. expenses
and
8s Co
J.
Alex.
operating
the
of
Central
of
1,410,502
tax__
Inc
Brooke, Stokes & Co
1943.
other
in
holding
various
1,418,933
profits
excess
Co.,
Boettcher
1,081,496
256,124
118,204
mechanical
S.A."
2,$00
Livingstone
"TACA,
an
in
business
The
2,522,331
IStore improv.s, fixtures and equipment
Goodwill,
at
nominal
valuation
2,500
Blair
"30,252
the
26,
not
and
the
in
1,862.046
71,100
notes
Co
132,061
BUSINESS—TACA
of
was
between
or
in
$3,510,929
$3,463,553
tax
receivable
Building construction and improvement
^Leaseholds, lands and buildings
Postwar
in
1945
2,058.525
hand
on
treasury
accounts
of
31
1946
is
engaged
are
SHEET
&
5,000 i
5,000
Co
&
Johnston, Lemon & Co— 10,000
126,690
possible.
AND
Nov.
sidiaries
BALANCE
Kay, Richards & Co——
Bass
M.
Johnson
H.
R.
98,148
to arrange companies in exact
However, they are always as near
laws
4,000
Co————
Labouisse,
A.
86,026
as
2,500
Friedrichs and Co
5,000
15,000
856,674
Airways,
on
130,902
dividends
&
Howard,
Stearns & Co
163, p. 1910.
name
American
Hirsch
12,190
Airways,
the
under
Earnings
CONSOLIDATED
2,500
2,500
Bear,
Offered—Hallgarten &
a group of 69 under¬
writers who on May 2 offered to the public 500,000
shares of capital stock (par $5). The stock was priced at
$15.50 per share.
Common
ASSETS—
Peck
Baum, Bernheimer Co
Co. and G. H. Walker & Co. headed
original
Balance transferred to surplus
Preferred dividends
8s
Dempsey-Tegeler & Co
Nelson Douglass & Co
Draper, Sears & Co
HISTORY
contingencies-
Clark & Co
George
position
market
in
Share#
1943
income-.-
order.
below:
Graham, Parsons & Co.— 10,000
Grubbs, Scott & Co
—4,000 t
Herrick, Waddell & Co., Inc.
8,000 v
$402,144
80,583
$4,923,795
W.
Co
1944
$4,211,979
114,386
taxes,
Walker &
Burnham
19,033
forth
set
Gradison & Co—
D.
$457,034
railway
TACA
Profit
H.
Buckley
278,789
31,960
Miscellaneous income
G.
W.
43,450
43,450
41,600
1945
railway
possible
264,727
amounts
respective
...
severally
Shares
50,732'
NOTE—-For
goods
income
on
the
Hallgarten & Co
$390,380
108,734
those
purchase in
$542,920
have
below
named
$312,350
income
oper.
223,969
than
to
underwriters
Jack
Ry.—Earnings—
$4,842,504
184,372
other
agreed
Outstanding
1,509,914 shs.
2,000,000 shs.
$1,000,000
loans, interest at 4r/o
Brown, Bennett 8s Johnson
223,320
Taxes,
(par $5)
Amott, Baker 8s Co. Inc.—
From Jan. 1—
Gross
OFFERING
Auchincloss, Parker 8s Redpath
:
10,000
Ball, Burge & Kraus
4,000
Barrow, Leary & Co
2,500
1945
$5,513,788
Capital stock
E.
York,
below.
railway
'Deficit.—V.
Depreciation
,
Co.
162,
railway
oper.
Net
PRESENT
TO
*
1946
from
Net
31
Maintenance and repairs
■
Telechron
Tennesse Central
Net
AND
1946
^Prof. on
Trust
Y.—V.
N.
redemption on June 1, 1946, for account
cf 15-year 334 f/c
sinking fund deben¬
10234 and interest.
Payment will be
at
March—
amount,
unexpended as of the end of this fiscal year, $511,688
$2,010,642 in Treasury bonds at cost and accrued interest.
and
COMPARATIVE STATEMENT
Guaranty
Warren
Gross
EFFECT
Authorized
Adams
See
GIVING
$250,000
1959,
Telechron, Inc., Ashland, Mass.—New Name—
remains
tn cash
.
the
1,
$405,000.
was
In!, .f50?'0.00 in cash which have been set aside and earmarked for
the
construction
aggregate
an
ago.
as
Working capital does not
"building
for
UNDERWRITERS—The
called for
fund,
June
New York,
way,
the year. In September 1945, a new term
made with the Metropolitan Life Insurance Co. for $2,250,000.
made to finance the company's postwar program of physical
was
This
been
sinking
tures
jThls was paid off during
roan
be
to
Redemption—
There have
compared to
Working
the working
as
than
CAPITALIZATION
stockholders
corporation
new
Band credits and
$1,039,494.
higher
consideration of $750,000 and that the new corporation
of Transwestern pro rata all of the stock
a
to
initially outstanding
purchase price of approximately $750,000.
out-
This
compares
with earnings of $3.47 per common
share for the
previous year.
Net earnings after provision for possible
in market value of inventories, and contingencies were
to
the
of
capital stock
Suture decline
equivalent
offer
will
ended Jan.
year
(before provision of $150,000 for
equivalent to
was
stock after
common
Report
fiscal
2485
5Q,Q0Q.
$525,519 . 5425-254:
88^.541,
C86^lp.
$0.53 - " $0.48,.;
;
•
from
Gross
Net
from
$8,609,253 $11,338,266 $11,202,583 $11,655,539
713,542
4,877,522
4,760,650
6,216,693
railway:.
rah way
Net jy. oper.
1943
1944
1945
1946
2,640,458
1,411,614
1,233,493
2,168,364
income
Prom Jan, 1—
Gross
from railway
Net from railway
Net ry. oper. income
—V, 163, p. 2342.
33,693,464
15,607,384
4,390,488
31,703,894
12,856,804
3,379,745
25,698,120
6,308,302
4,721,974
32,176,258
17,091,826
7,374,037
filed a registration statement with the SEC for
60,000 shares of 4lk%
cumulative convertible preferred (par $50).
Underwriters are W. E. Hutton & Co.
Proceeds will be used to re¬
Company on May 1
convertible preferred stock at $52.50 a share.
shares of $2.25 dividend preferred outstanding as
of March 31, last.
Balance of proceeds, plus other funds, will be used
for acquisition of additional facilities, reduction of bank loans, etc.—
deem
V.
cumulative
82.25
There
37,740
were
162.
175.
p.
Period End. Mar. 31—
Operating
3,984,509
1,107,919
406,819
6,141,256
111,329
1,943,887
201,411
14,133
7,663
36,948
37,981
$276,241
$573,294
$1,868,865
$1,981,927
108,024
_
Jt'r lacil. rentals (net Dr.i
ly.
Other
605,293
in
compliance with
Paul
The
66,971
71,444
188,413
204,906
$343,212
$644,738
$2,057,278
30
to
days
John
meet
give
to
Court
the
the share¬
to determine
time
the merits
of
V.
163,
ferred
W':-
income
26,812
5,885
40,805
18,909
234,824
280,728
703,020
842,938
$81,576
$358,125
$1,313,453
$1,324,986
Mjseell. deductions
Fixed
charges
Net
income
-% 163,
Acquires Control of Gossett Mills—
Textron,
all
the
has acquired control
Inc.,
subsidiary,
a
Southern,
Textron
Inc.,
outstanding common stock,
held by minority
interest, at
$60
the present man¬
agement headed by B. B. Gossett, comprise 12 bills, including a fin¬
ishing plant in the Anderson and Charlotte (N. C.) area.
Textron, Inc., proposes on completion of the transaction for Gossett
Mills, to offer $50 a share for the minority interest in ChadwickHpskins Co., a subsidiary of Gossett, which owns 76% of its out¬
standing shares.
majority of
the
First
National
Bank
stock
Gossett
of
being sent
was
deposited
May
on
1
with
the
and the offer to purchase the
all other shareholders accompanied by a
to
p.
2342.
'T2 Mos. End. Mar. 31—
less
of
Spiling
freight,
operating
Other
in
Total
supplement
National
benefits provided
the
Corp.'s theatre operations are not
have one of their own which
Film
Plan
they
a3
Chicago,
additional coast-to-coast Main[he flight stops at Philadelphia, giving
four-engined service and its first non-stop,
flights to Chicago.
In addition, under summer operating schedules,
more
than lVz hours arc cut off twin-ergined Mainliner flights from
the East
to
the West Coast.
United currently is operating more
than 161 800 miles daily on its coast-to-coast and Pacific Coast routes
230
that
1,073,039
1,018,360
expense
$2,019,325
profit
The
803,966
entire
plan will be borne by the
the
of
cost
It is
corporation.
will
annual contribution by the corporation
present
of employees who
10% of the basis compensation
participate in the plan.—V. 163, p. 2054.
approximately
deductions
1946
Operating revenue
Herlihy,
A.
J.
to
Vice-President-
profit
Net
"Earnings
share
per
the
"On
NOTE—Federal
for
and
,
shares of common
468,283
$301,431
$1,055,690
$365,057
$2.19
$0.71
stock outstanding.
and excess profits taxes
income
1944
1945
1946
deprec.
int.,
after
for Fed., etc., taxes
prov.
$0.58
aggregated $677,685
and $1,162,000 for 1944.—V. 163, p.
1946, $1,463,671 for 1945
2201.
Aircraft Corp.—Annual Report—
United
corporation received substantial
The
terminations of Government war
contracts during 1945. These terminations amounted in. the
to approximately $850,000,000, of which over $750,000,000
received on V-J Day
(Aug. 14, 1945) or subsequently thereto.
1945
$4,238,781
-—
aggregate
were
President's announcement on that day of
all plants of the corporation were
take physical inventories.
Thereafter production was resumed on drastically reduced schedules.
The terminated inventories were segregated and made the subject of
claims which were filed with the United States Government and others.
All claims relating to V-J Day and subsequent terminations, and cov¬
$4,135,776
end
the
taxes
divisions
487,517
$340,851
Gross
731,159
114,028
Interest
$1,008,944
8,658
$824,650
75,542
3,421
1,281
344,246
$1,017,603
77,217
3;477
1,000
655,737
$400,158
$280,170
1—
income
Non-operating
727,765
$2,095,526
3,126,831
$812,733
11,917
Japan,
settlement expenses of the Pratt & Whitney
Propellers and Chance Vought Aircraft
have recently been satisfactorily settled
in the aggregate sum of $51,894,958 and the financial statements sub¬
mitted herewjUih g,re after giving effect to this settlement. In addition
thereto, termination claims of subcontractors, estimated at approxi¬
mately $24,000,000,
are
also in various stages of negotiation and
Aircraft,
Fed.
3,426,048
the
with
war
for-the remainder of the month to
and
inventories
ering
incl.
income
the
of
taxes
Operating
following
Immediately
and
income)
on
America (& Subs.)—Earnings^-
United Biscuit Co. of
Quarters End. Mar. 31—
exps.
(not
$828,369
according
high,
all-time
an
operations.—V. 163, p. 2342.
shut down
Rapid Transit Co. (& Subs.)—Earnings—
Twin City
118,015
$2,823,291
income
first domestic
supply
3 Mos. Ended March 31—
$710,354
Westbound,
flight.
its
city
inaugurated an
Lines
Air
United
liner
covered by this
was established
1942.
estimated that the
1945
four-engined passenger-cargo service between New
Denver and San Francisco became effective April 28
overnight
of service
Century-Fox
10,691,372
income
'Total
recommended
has
to
employees of the corporation and its domestic subsidi¬
National Theatres Corp., who have completed one or
will be members of the plan.
The employees of
Theatres group of companies which comprise Twentieth
except
years
Oper.
*Net
Plan
$15,640,204 $12,420,087
allowances
12,547,840
administrative
Corp.—To Vote on Pen¬
Inc.—Inaugurates New Service-
United Air Lines,
on April 30 announced that the
to the stockholders an Employees
President,
Skouras,
P.
directors
regular
more
will
1946
returns and
sales
and
All
aries,
be
Thatcher Manufacturing Co.—Earnings—
Coat
Fol¬
Proposed
under the Fed¬
eral Social Security Act so that employees will receive increased in¬
comes
upon retirement.
If the plan is approved by the stockholders
at the annual meeting on May 21, 1946, and by the Commissioner of
Internal Revenue it will be put into effect as of Jan. 1, 1946.
Boston,
letter from Mr. Gossett.—V. 163,
Sales,
Spyros
of
Retirement
the
is to
Plan—
Mr.
Pension
«A
is
Twentieth Century-Fox Film
board
of Gossett Mills through a new
and has made an offer to buy
share, it was announced on May 1.
;Tiie Gossett properties, which will continue under
reiriainder
Co.—Consolidation
Oil
lowing Transfer of Oil and Gas Royalty Interests—Stock
of New Corporation to Be Offered to Stockholders. See
Sunray Oil Corp..above.—V. 162, p. 3239.
sion
in
issued
not
New
for
Newly Organized Company
to Be Publicly Offered—See Nashua Mfg. Co. above.
of
Inc.—Stock
noon (EDST) on May 8 for
outstanding $5 preferred stock
purchase of any new pre¬
the exchange offer.
Dividend rate on the new
be specified in the bid.—V. 163, p. 2054.
stock and for the
preferred
new
preferred issue
York,
2201.
p.
2200.
p.
Textron,
(
Transwestern
of Mo.—Bids Invited—
bids up to 12
exchanges of the
obtaining
in
when
"JTotal
$1.03
receive
will
Company
the
$9,510,113
$1.13
2342.
163, p.
services
27,126,848
share
per
7,784,621
8,397,684
$10,468,706
income
Net
Earned
the com¬
filed by the SEC for a New York stockholder,
the corporation of violating proxy rules of
accused
Gilbert,
taxes
condition that the meeting be adjourned for
only on
The complaint,
J.
SEC.—See
the
$2,186,833
income
injunction sought by the Securities and Ex¬
granting an
order,
holders
------
3,672,401
(1945 includes amortization(
(1945 incl. excess profits taxes)—
Depreciation
Income
for
change Commission on complaint of a stockholder, permitted
funded debt
on
Union Electric Co.
adjourned their annual meeting to May
order issued by United States District Judge
an
Leahy.
plaint.
income-
oper.
1946—3 Mos.—1945
$6,649,330 $13,269,645 $19,995,569
11,229,112
9,849,094
3,923,075
1946—Month—1945
$4,494,236
revenues
Operating expenses
Railway tax accruals.
Equip, rentals met Dr>_
Net
24
Interest
Corp.—Court Adjourns Meeting—
stockholders on April 25
1946
1945
$22,538,792 $44,568,330
Ended March 31—
3 Months
Income
—V.
Transamerica
The
Texas & Paeific Ry.—-Earnings—
Subs.)—Earnings—>
Carbon Corp. (&
Union Carbide &
Cincinnati, O.—Registers With SEC—
Trailmobile Co.,
RR.—Earnings—__
Texas & New Orleans
Msireh—'
Monday, May 6, 1946
FINANCIAL CHRONICLE
THE COMMERCIAL &
2486
Hamilton Standard
of the corporation,
settlement.
"Net
profit
Provision
before
taxes
Federal
for
income
tax
income
'Net
profit
Preference
$1,364,367
stock
Earned
-W.
$954,305
JDr$183,237
Br$1.16
shares
shares
per
common
share
157,186
Federal
Net
—V.
Sale?,
Roofing Co., Inc.—Annual Report—
163,
sales.
1945
Jncl.
inc.
gross
finance
from
CEppfr of sales, incl, chgs.
accounts
on
$5,129,494
general
He
insured
2,633,626
expenses—
of
2,036,555
jTotal income
$865,953
taxes
on
"376,000
$804,326
327,000
$489,953
$477,326
26,250
income
Common
pfd.
stock
dividends
Earnings
35 000
per
254 169
———I
stock
common
'Including $52,500 for
excess
$100
Fed.
CONSOLIDATED BALANCE SHEET,
DEC.
U.
8.
deposit
and
Government obligations,
Instalment
Mis."
accts.
accts.
incl.
charges
Federal
$792,266
258,775
1 771,401
43,801
' 34^942
hand
at cost
55,850
officers and
empl.
mkt., whichever is lower
406,029
assets
stock
capital
$0.75
vision
for depletion
during the periods
on
depreciation and special amortization and pro¬
timberlands and leases were charged to income
Quater End. Mar. 31—
426,448
286,360
Depreciation
and
Depletion
timberlands
99>267
1,712
9^576
$4,046,498
P&y&Dte
Customers'
commissions,
etc
Reserve
from
that
any
1945
year
from
the
26,271
$554,112
renegotiation settlement on Government busi¬
have no material effect on earnings as
will
Government
79 748
1944
sales
subject to
Alexander
46213
100.000
surplus
stock in treasury—
Dr2,074
Period End. Mar. 31—
$3,784,953
no
refund
carry
As
will be
it
based
should be
facilities
upon
1946—Month—1945
lease
arrangement rather than upon
purchase at this time.
period, expenditures made by the corporation
plant and equipment were almost entirely
of Necessity provided for by the Internal
Revenue Code
and Regulations, thus permitting the amortization of
the cost of such facilities over a period of five years from the date of
construction or acquisition.
On Sept. 29, 1945, the President of the
United States proclaimed the emergency at an end insofar as amort¬
ization of emergency facilities was concerned, thus making it possible
for tax
purposes to write off the entire cost of such facilities over
the
period of the emergency rather than over the longer five-year
period
originally
contemplated.
The
corporation
has recomputed
amortization in accordance therewith, with the result that at Dec. 31,
During the emergency
for
its
account
own
covered
for
Certificates
by
account, after reserves, now stands on the books of
at less than $5,000,000. However, Government-owned
presently expected to be required for anticipated mili¬
1945, the plant
corporation
facilities
are
commercial
and
tary
programs,
facilities
which
27,503,019
27,397,633
69,458,338
$
at the direction of the Navy Department.
organized in 1942 for the sole purpose of
engines for the Navy Department, without
profit or loss either to itself or to United Aircraft Corp. It reached
quantity
production
during
1944, and, during
1945, based, upon
normal prices its shipments in that year amounted to approximately
$120,000,000 down to V-J Day.
aircraft
manufacturing
at Dec. 31. 1945, amounted to $172,989,364,
liabilities of $60,792,222. Such total of current
of »-artial payments of $28,000,000 received
under terminated
war
supply contracts, and of $7,052,631 received
on- account
of existing uncompleted contracts.
Total
assets
current
compared with current
assets
after
is
deductions
orders
During,
at
the
Dec.
31,
1&45, amounted to approximately $110,to date, additional orders in sub¬
1946
year
received.
$
ACCOUNT,
YEARS ENDED
18,048,892
40,021,943
604,378
10,965,062
9,001,591
28,843,326
741,600
{Taxes
15,210,086
666,482
1,972,119
2,329,952
1944
$
$
service 484,310,503 743,527,684
Royalties and other income from licenses
62,268
. 269,203
"Other income
1,432,510
1,986,633
Sales
667,706
DEC. 31
1945
79,087,921
£>r2,074
fr. ry. oper..
cost ap¬
Missouri, were terminated
That subsidiary had been
87,507,230 119,109,864
rev.
originally
Shortly after V-J Day, all manufacturing operations of the corpor¬
ation's wholly owned subsidiary, Pratt & Whitney Aircraft
Corp. of
CONSOLIDATED INCOME
42,607,719
oper.
requirements, it isof the Government
facilities
of most
1946—3 Mos.—1945
$
28,170,725
"Railway oper. expenses
$4,046,498
a
for some time to estimate
difficult
accurately
the post-war volume and
Management's judgment that the use
Unfilled
revenues
Railway
ownership
other
and
out
period.
to
forward
the
000,000.
$
464,200
444
buildings, test facilities and
it nevertheless falls far short of
of floor space,
machine tools
stantial amount have been
Net
-Total
not excessive and
(Excluding offsetting accounts between the companies)
,
l 639IR9
common
renegotiation were
required."—V. 163, p. 1036.
lOOOOO
625 000
464,200
194 166
_
President, says: "Final notice has been received
renegotiation hoard that profits derived from
Union Pacific RR. (and Leased Lines)—Earnings—
99136
_
been
Calder,
10Q 04Q
em-
10, 1946—
contingencies—,
—r
own
the
327,000
106 792
withholdings
^S3nst»S <par Value 0f '***'
surplus
©orp.'s
for
$179,419
fl$1.40 convertible preferred stock-
Earned
1945
$527,841
37,391
leases
$262,827
is believed
It
ness
has
payable Jan.
V^ryuai
1946
$225,436
amortization
and
Total
376,0.00
78,487
,
deposits,
for
special
$273,311
incomc
and sundry creditors
Dividend,
on
reported.
bonuses,
other government taxes-—i.
current liabilities, incl. trade accounts
an
proximately $65,000,000.
follows:
as
377 017
otate and
is substantial,
adequate amount
equipment
the
NOTE—Provisions for
PLIABILITIES—
Othpr
$0.42
credit estimated at $178,000.
1,458
gTptal
°"
78,955
$538,637
share
per
"After debt retirement
377,482
expenses
Employees'
53,000
income
on
income
$3,784,953
SJSSJ8
123,000
'•'1,657,000
30,000
$956,820
based
taxes
351,298
620,000
taxes
tax
417 853
Tfteai estate and equipment
Prepaid
$2,778,890
60,231
*
income
prof. tax. and reneg. of war contracts
Earnings
1944
$723,107
1,660,106
011
receivable
receivable,
inventories—at cost or
Other
31
1945
demand
60,942
profits tax.
ASSETS—
on
for
exc.
Other
other
and
Federal
$0 96
expenses—
income
Gross
Provision
Net
Ca. h
$2,717,948
$1,690,051
and gen.
profit
income
Interest
J® lycome
j
Div:~end'j on $1.40 conv.
$4,179,037
1,461,089
38,803
on
selling,
Operating
Other
Federal
$3,078,182
1,426,934
$1,651,248
sales
admin,
6,838,061
$768,079
36,247
1945
1946
6,433,602
profit
Gross
Delivery,
"W-i for
Corp.—Earnings-
sold
prdr
Cor¬
Government. Since V-J Day,
arrangements have been made for the removal from the corporation's
plants at the Government's expense of those facilities which have been
determined to be surplus to the corporation's needs.
anticipated military and commercial programs
in the post-war period. Accordingly, negotiations are now under way
with
the Government
to
insure the continued
use
of such of the
Government-owned facilities as are presently believed to be required in.
$9,511,784 $11,017,098
products
$66,000,000 represents the cost of" facilities
Finance Corporation (Defense Plant
by the Reconstruction
poration). Title to these facilities is in the
of
2,324,859
2,247,617
vided
Although the corporation's ownership of
in charge of
elected Vice-President
Manager.—V. 163, p. 2342.
been
Sales
sales
Net
Cost
(net)
income
General
was
Navy Department and
Vice-President—
has
Thompson
Quarters End. Mar. 31—
18,826
and
J.
Union Bag & Paper
on
$847,128
selling
(^Gross profit
Other;
1773.
p.
During the war period, emergency plant facilities were provided at
aggregate original cost of about $115,000,000, of which $49,000,000;
represents'the cost of facilities provided tJirough contracts with the.
an
equipment
1944
$5,728,370
fees
;-arjd provisions for doubtful accounts
office,
income
on
income
William
(.operations of sub, finance company
Branch
taxes
UARCO Inc.—New
CONSOLIDATED INCOME ACCOUNT FOR CALENDAR YEARS
JV*,:-
debits
Miscellaneous
163, p. 2016.
li-TUo
0;
410,060
paid
Balance available for common
Common
$226,823
410,061
171,607
$5.56
dividends
funded debt
debt discount on
of
Amortiz.
debt
funded
on
of
aeronautical products, parts &
Equip. & Jt. facil. rents
(^After reserves for creditfees of of $31,664 in
losses
unearned finance
1945 and $25,228 in
(net)
$86,892 in 1945 and $58,741 in 1944.
infa
depreciation of $250,794 in 1945 and $273,391 in
S roSei7es for amortization of $2,815 in 1945 and $2 561
■Si
J0lL Sept" 15' 1945, the corporation
SiLfc H v»rshares) of the outstanding $1.40
called for redemption
convertible preferred
fSf
J. a sllare and accrued dividends. The excess of the call
S#?npt°Zfrf
stafee.d value at $25 a share, amounting to $50,000 was
^ri"tndi/d ihAi0/ci I surp*us- The hoIders of 189 shares had not
Bank
^ stopk °n Dee. 31, 1945, to the transfer agent (City
SrL S i
is holding the necessary funds in
SrWas^liminifpd fUr^n^d lssuf of $1.40 convertible preferred
•rith fhl Lfi
?
?
ra the oapital structure by certificate filed
fith the State of pelaware on March 2, 1946—V. 163, p. 2201.
«
•
Net
inc.
from
other
£<*ison Co.—Partial Redemption—
Su havethe
.been called for redemption
of
Operation
fifc^tha
iy^
N
Y -V
w'
1960,
i62V P
sinking fund deben-
VlX2 £nd interest- Payment will be made
2191
C°" trUStCe' 70 Br0adway' New
n
7,075,182
8,848,665
1,218,772
1,774,617
,' 3,432,148
Plant; rearrangement and retirement losses
{Provision
Total
income
{29,165
4,797,314
8,849,799
12,280,813
conditions
PijoviiipnTor ;:;write-of£ oJ<,.proportion of excess
oj^xpendable'^bol and supply inventories—.—
for
Engineering,
depreciation and amortization..
development,
&
other
1,130,174
3,420,180
3,397,589
3,667,140
5,429,619
8,883,224
1,130,057
2,067,354
3,266,128
6,073,137
Preferred
trative expenses
♦Incl.
deprec.,
and retire,
and
excess
amort.
Net
charges
income
3,200,000
9,000,000
23,000,000
NOTE—For March
ating expenses
creases
include
from Jan.
$306,102 ior
and
1
to
three
accrual
March
months
of
31,
payroll taxes thereon,
ended
$6,323,000
March
for
31,
1946,
estimated
oper¬
wage
in¬
1946, and taxes include accrual of
a total $6,689,102.—'V. 163, p. 1911.
dividends
dividends
Earnings per common share
{Deficit.
12,855,280
1,294,325
5,313,402
15,562,336 •
1,294,325
7,970,193
133,831
—
$4.35
in
$3,384,962 in. 1944 and $2,525,808 in 1945" for
including amortization of $749,013 in 1944
and
1945,
equivalent to reimbursement
.
$5.37
"Including interest on investments, discount on purchases, dividends
Canadian subsidiary of $21,000 in both years, etc.
tAfter de-
serve
.
46,873,324
from
ducting
"
39,995,095 '
bank loans, etc
income
Common
prof, taxes— Crl,600,000
on
525,458
1,890,525
2,231,188
13,218,761
{Federal income and excess profits taxes..
Interest
.—
1,241,371
9,938,313
4
4,470,944
33,429,681
1,207,885
charges-
875,964
selling and adminis¬
{1,237,050
Fixed
on June 1, next, through
sinking fund, $182,000 of 3Me %
rvnfroi
3,578,542
&
sources
tlncludes Fed.
;
{678,272
649,107
invests.
from
485,805,281 745,783,519
414,245,912 634,100,817
—:
f.___
Prov. for transformation to post-war
operat'ns
portation
Inc.
iotal
C<Hjf<££ /sale*.
trans¬
,
retirement re¬
and $8,569,447 *
from U. B. Government under
-j
Volume 163
v
■
•
alii-':"-.
fv,f
.
.
v
including $40,-
184,534 and post-war refund of $286,410 in 1944.
DEC. 31
COMPARATIVE BALANCE SHEET,
United States & Foreign Securities Corp.—Partial Re¬
profits taxes of
after debt retirement credit of $14,-
profits taxes and
excess
-v
demption—
-
The
corporation on May 1 called for redemption on June 30, next,
47,495 shares of its first preferred
stock at $105 per share and
dividends amounting to $1.12'/2 per share.
Immediate
Wholly Owned Sub.)
(Incl.
Cash—subcontract,
131,405
61,087,061
Accounts receivable U. S. Govt
Other
\
Investments
264,333
*Fixed
»
other
64,372.505
4,445,341
4,955,141
and
1,616,931
1,196,961
13,118,114
etc
Inventories
,
13,776,549
568,907
(less res.)
rec.
receivable,
accounts
2,488,056
38,975,541
trade accounts
-8uiqdry
55,580,500
525,677
—
U. S. Treasury tax notes
'
2.27M94
756,039
39,494,242
Cash—employees' Federal taxes (contra)
Cash—employees' war savings bonds (contra)
assets
assets
1.355,425
561,661
Deferred charges
Total
178,770,498 201,594,597
-
♦
Accounts
13,284,*857
subcontractorsGovt.—subcontractors termina-
Advances
k
from
tion claims
of
claims
Accrued wages,
Accrued
Frov.
-
Fed.
(contra)
etc.
compensation
& excess profits
inc.
taxes
sales
on
5,111,447
cumul.
stock
Paid-in
($100 pari
pari
surplus
Earned
($5
25,886,500
13,283,855
9,895,904
27,318,341
surplus
178,770,498 201,594;597
$28,257,215
1944
amortization and retirement of
1944 and $36,259,015 in 1945. tlncludes 1,744 shares in
shares in 1945 issuable for shares of common stocks of
and
in
1,194
United
Aircraft
V.
p.
162,
for
reserves
&
depreciation,
presented
when
Corp.
Transport
Income
Corp.—Quarterly Earnings, etc.—
earnings of this corporation
S.
Olds,
Chairman,
for
does
is
the
first
reported
quarter
of
reflect
not
loss
for
tax
as
of
part
any
in
purposes
the
the
of
cost
first
the
steel
quarter
due
that
so
relation
in
for
each subsequent
its
to
income
operating
is
tax
quarter
results.
reflected
stand
may
Therefore
the
in
its
1944
1943
emergency
$3,731,894
134,741
442,293
reported
profit
$1,845,398
$3,154,859
The
total
during
for
cost
of
the
steel
strike
of
loss
of
income
due
strike
the
associated
income
Other
118,881
averaged
Net
of
52%
The
the
of
Federal
income
#Prov. for Federal excess
Net
On
—
218,000
the
deducted
addition
as
adjusts,
postwar
carried
$850,740
with
March
of
amount
its subsidiaries
dividend
$568,198,504
31,
of
March
at
fixed
1946,
first
to
paid
"After
245,000
$1,248,530
345,753
345,753
345,753
credit
refund
postwar
and
1944
in
$245,000
of
and
1946,
for
approximately
were
balances
for
property
$232,000,000.
during the
March
quar¬
31,
100
for
in
1945
1944
$
$
147,872,993 233,011,518 231,993,660
113,606,951 188,613,992 172,686,894
of
emerg.
herein
11,985,905
less
year's
Fed.
inc.
Ser.
BALANCE
SHEET,. DEC.
Common stock
"The
Dr6,000,000
Cr296,017
taxes
long-term debt
1976
and
on
banks.
'
pfd.
on
5,146,437
6,434,360
Cr6,800,000
14,500,000
dividends
surplus
Earns, per
31
hand,
'$2,789,651;
postwar refund of excess profits tax, $608,189; claims
against U. S. Govt, arising from accelerated amortization of emergency facilities, $499,157;
amounts due from officers and employees
in respect
of working funds and current balances, $6,031; miscellaneous accounts receivable, $20,431; other assets, $28,227; fixed assets
(after reserve for depreciation of $1,218,918 and reserve for amortization of $2,223,868), $923,179; goodwill, $1; deferred charges, $59,577;
total, $7,062,746.
$266,233; accrued salaries, wages
general taxes accrued, $85,219; miscel¬
laneous accruals, $7,823; reserve for Federal income and excess profits
taxes and
renegotiation (less U. S. Treasury tax notes, series C, at
cost, $1,350,000), $671,151; class A stock (par value $10), $2,612,510;
class B stock
(par value SI), $472,506; earned surplus, $2,829,925;
total, $7,062,746.—V, 163, p. 1773.
LIABILITIES—Accounts
commissions,
and
■
*
♦
United
payable,
$117,379;
Accepted
Improvement Co.—Tenders
Rate of 80%—Declares Larger Dividend—
Gas
at
8,703,252
8,703,252
8,703,252
*4,769,900
371,000
2,019,445
$0.45
—
share for
$1.04
$1.23
stock
com.
Shipments of finished steel products
(net
tons)
2,718,864
5,361,564
5,001,245
-■Deficit.
Bids $47,500,000 for Geneva Plant—
a
*
927.750 shares were tendered
93,775 units of 10 shares each.
shares,
Because
'
than
more
750,000
shares
Benjatpin
F.
corporation,
in
for
exchange,
were
tendered
consisting
for
of
President,
not
1 announced that this
made from time to time
had submitted a bid to the
requests
steel
plant at Geneva, Utah, and inventories for $47,500,000 in cash.
In
the event of the acceptance of such bid,
U. S. Steel would further
obligate itself to spend „not less than $18,600,000 additional of its
own
funds
for
the
installation
at
Geneva
of
additional
facilities
deemed
necessary
Geneva
the
Government-owned
plant.,
Mr.
Fairless
additional
by
U. S.
stated
that
the
for
under
the
peacetime
of
proposal
of
operation
U.
S.
Steel
the
these
include
equipment for
the
hot-rolled coils, which coils
would be utilized in the production of cold-reduced
sheets and tin
plate at a modern cold reduction mill to be erected by Columbia
annual
facilities
Steel
production
at
of
would
Geneva
386,000
tons
of
Steel
Calif.,
Co., a subsidiary at Pittsburgh,
$25,000,000.
The
total
estimated
acquiring
duction
would
not
and
hot-rolled
of
amount
being
Fairless
"U.
S.
cepted
Steel
by
163,
coils
bear
As
the
above,
the
for
cpmpany
65
of
•
cents
record
31,
May
15, last,
share
per
the
public
and
company's
amounts
considering
the
to
capital stock out¬
1,566,337 shares.
estimated
income
1946.
and an initial of 35 cents on Feb. 28,
Fairless
this
of
an
U.
and
such
in
used
Mr.
part
any
plant
S.
estimated cost
Steel
for
so
enabling
cold
added,
its
reduction
the
1
has
reserved
1946.
15,
the
right
U.
S.
operated
and
to
Steel
by
withdraw
proposes
the
1945.—V. 163, p. 2343.
The stockholders
amendment
pany
$50
bid if
that the
Columbia
Steel
not
rate
__
■
*
Gas
$654,270
109,515
$581,346
94,115
116,890
90,197
1946—12 Mos.—1945
on
May 1,
1956.
common
stock,
preferred stock.
$7
272,233
148,682
coupon
204,978
148,504
November
18,693
Fed.
'
14,061
289,524
78,991
39,755
166,942
66,790
62,100
217,790
40,023
38,586
155,788
6,769
and
local
Federal
6,769
27,079
72,698
miscel.
taxes
income
taxes—,-
DepreciationAmort, of plant
Net oper. income--
— -
Other income .(net)
Gross
Interest
income
deductions.
&c.
Balance inc.
U.
U.
P.
Un. Puh.
,
"
income
Gen. expenses and taxes
Interest deductions.
$140,888
1,482
$118,870
$142,371
$12^006
1,567
1,427
$140,803
$119,579
$445,575
$410,870
7,731
84,595
191,593
579,801
$148,534
$204,174
$637,169
$990,671
30,619
30,025
1
78,427
98,368
276,217
129,685
353,954
2,136
$443,934
7,028 :
'
$407,644
10,093
$450,96#°1 *417.738'
5,387* ; : "
0^
—V.
income
SUMMARY
Operating
152,
p.
2726.
$95,721
OF
EARNINGS
May
1946;
1,
due
May
1,
revenues
Taxes—other
for
than
1976. Interest payable May and
office of Guaranty Trust Co.,
pper.
inc.
equal principal amount of such
$262,583
$507,031
is
bonds.
AND REPLACEMENT FUND—Annually an amount
equal to 15% of adjusted gross operating revenues, will be expended
for maintenance of, and gross additions to, the properties of Utah
Company and Colorado Company, any deficiency to be deposited in
MAINTENANCE
or
Prices—Bonds will be redeemable either at the
option of the Utah company or pursuant to the requirements of the
mortgage as supplemented, in whole or in part, on at least 30 days'
notice at redemption prices ranging from 104.50 and interest in 1947
to par and interest in 1975.,
n
as
130,08$
1,219,605
1.8Q0
1,775,056
1.927,269
368,744
1,585,024
$3,800,594
38,166
$4,440,713
$5,688,501
10,692
12,572
$3,838,761
$4,451,406
$5,701,073
1,891,013
1,952,440
3,333,017
2,722,138
$2,498,966
$2,368,056
$2,639,679
1,955,993
(net)__
deduc..
income
1,050,3
$5,353,763
$5,381,817
bank loans
during the second year, will amount to $215,000.
names
respective amounts underwritten
the
of
are
several
The First Boston Corp. _$ 1,713,000
The
1,705,000
Eastman, Dillon & Co.__ 1,705,000
Glore, Forgan & Co
1,705,000
Goldman, Sachs & Co.— 1,705,000
Harrlman Ripley & Co.,
A.
Blyth & Co., Inc.
Inc.
and the
underwriters
follows:
as
Co
Becker
Central
$596,000
Co.,
Republic
396,009
Inc.
Co.
Whiting,
Weeks
.
396,000
396,000
Kidder, Peabody & Co.- 1,705,000
Mellon Securities Corp.- 1,705,000
Smith, Barney & Co
1,705,000
Dean
Stone & Webster Securir
Hayden, Miller & Co.—
ties Corp.
Edward
L.
Co
Burton
v(:.-
&
Co.
1,705,000
J.
A.
202009
202,000
202,000
202,000
Hogle & Co
Union Securities Corp.__
1,705,000
G.
White, Weld & Co
1,705,000
Blair & Co., Inc.
Coffin & Burr, Inc
1,074,000
Auchincloss, Parker &
Redpath _T
The Illinois Company—
1,074,000
Harris, Hall & Co. (Inc.)
F.
S.
Moseley & Co
1,074,000
1,074,000
Walker & Co
Bosworth,
& Curtis
1,074,000
Shields & Company
1,074,000
Tucker, Anthony & Co._ 1,074,000
—V. 163, p. 2343.
v
*
172,009
130,000
Chanute,
82,(
82,009
Loughridge & Co.—
Kirkpatrick-Pettis Co.—
Jackson
Webber,
Paine,
H.
396,000
396,000
&
Stubbs
Witter &
<
,
(Inc.)
Laurence M. Marks & Co.
1,705,000
11.
v
Wisconsin
B.
Perrin, West & Winslow,
I
■
Inc.
82,000
82,009
Ure, Pett & Morris
NOTE—For
possible to
mechanical
position
as
it
reasons
companies
arrange
in
However, they are always
is
exact
near
as
not always
alphabetical
alphabetical
possible.
V
;
7
1945
1944
1943
J,
$166;141
$117,118
$133,217
33,447
21,282
29,767
19,420
14,241
13,109
$137,383
42,063
20,767
498,099
341,964
413,582
389,441
109,053
72,345
100,670
105,598
53,396
44,440
41,711
50,689
Ry.—Earnings
Utah
1946
railway
from
Net
ry.
railway
from
income—_
oper.
From Jan. 1—
Net
from
Net
ry.
—V.
railway
from
Gross
railway
income—
1774.
oper.
163, p.
;
Van Norman Co.—Purchases 90%
Co.
chine
of
of
/
on April 27 announced
that more than
outstanding shares of Morse Twist Drill Ss Ma¬
Bedford, Mass., have been purchased at a price
New
share by the Van Norman Co. of Springfield, Mas*.,
the offer of April 4 to Morse shareholders.
Scott has been elected President of the Morse company; James
$210
per
with
accordance
Mr.
has
Wright
E.
20,000
the
of
'
President,
Scott.
Y.
James
60%
'
of Morse Stock-**,
as
Treasurer.
as
William
elected as Vice-President and General Manager';.
Vice-President and General Sales Manager, and L, g*
been
Adams
C.
,
Reid, formerly President of the Morse company, eon*
the organization as a director and management advisor.
of the new board of directors are R. W. Porter*
T.
tinues
with
Other
members
F.
Hundrup and Messrs. Scott, Wright and Adams.
announcing completion of the purchase, Mr. Scott emphasized
Morse plant will remain in New Bedford.
He stated thalf
the
it was the intention of the new management to expand the company's
facilities in New Bedford to keep pace with rising sales volume.
The
Morse
company
produces
twist
drills,
gauges,
reamers,
dies/
taps, milling cutters and other machinists' tools. - Van fe Norman's;
products include milling machines and radjus grinders; and automotive
repair service equipment such as -boring machines, crankshaft re«pt
grinders, piston grinders and brake turning
lathes.—V.
163, p. 1774#
purchased bonds, with the corporate trustee.
General Redemption
of
6,137,729
1,105,507
1,824,632
income
income
In
1958
H
Annual interest charges for the first year on the $32,000,000 princi*
pal amount of 1976 Series bonds will amount to $880,000. The intern#:
charges for the first year (including-commitment fee of $27,500) qr*
the bank loans will amount to $147,500;
The interest charges on the
L.
in
■
excess
revenes.
income
Net
that
FUND—Commencing
)
-V
-
1942
$16,954,82'?
1,248,400
it
taxes
Gross
de¬
IMPROVEMENT
YEARS
1943
$1,947,747
inc.
profits
(on basis of initial issue of $32,000,000 amount) to retire $8,640,000 of bonds issued under the mortgage as supplemented or to
cause the waiver of the right to the authentication and delivery of an
OR
CALENDAR
1944
—
>
__
Stanton
in New York City at principal
SINKING
FOR
$14,025,046 $15,235,688 $18,766,383
Operation
5,082,726
6,245,658
6,969,009
Maintenance
737,312
1,012,970
1,170,581
Renew, of mot. coaches
26,345
53,996
Deprec. & prop. ret. res.
1,034,200
1,364,400
1,370,200
Amor, of lim.-term inv.
'
7,000
1,800
1,800
Amortiz. of elec.
plant
♦
acquisition adjust.
290,179
Light Co.—Bonds Offered—The First
signed
cash
$117,913
fee
COMPANY—Company was organized in Maine Sept. 6, 1912. It is 4
utility operating in southeastern Idaho, northern and .centre!
Wyoming. It is engaged principally in the huslness
of
generating,
transmitting,
distributing
and
selling
electric
energy and
to a limited extent in providing central steam heating
service in the commercial district of Salt Lake
City.
% l
________
rate of 2%%, an interest cost of 2.7934%.
Prices—Bonds will be redeemable, at the option
Utah company or pursuant to the requirements of the. mortgage
supplemented, upon like notice with cash deposited with the cor¬
Special Redemption
Net
directors are authorized to set a divi¬
4'/a%, the redemption prices and the con¬
of New York, corporate trustee.
applic. to
Corp.
Dated
:
pay¬
Utah and southwestern
Net
May
27,079
Uttt. Corp.—
Int., divs. <fc oth. inc.—
Total
-
acquis.
adjustment
Issue Voted—
163, p. 2343.
be
public
Co."—
Corp. headed an underwriting group which on
1, offered $32,000,000 first mortgage bonds, 2%%
series due 1976, at 101.50 and interest.
The issue was
awarded April 29 on a bid of 100.549 an interest cost
of 2.7232%. Halsey, Stuart & Co. Inc., bid 101.65 for a
$2,111,640
368,544
461,275
44,043
Maintenance
exceed
will
$ Company now has but one class of stock, i. e.'»
issued in exchange for the outstanding $6 and
new
ac¬
Boston
$2,282,044
395,896
506,097
'
State,
to
loans
Company has agreed to pay eacii
oT »/2 of 1%
($27,500 in the aggre-t
annum.
Geneva
board of
Utah Power &
136,608
90,938
purchased
not
bank
of such bank's commitment to participate to
aggregating $5,500,000. Repayment of the loans
will be made $500,000 on May 1, 1947,
$500,000 semi-annually there¬
after to and including Nov. 1, 1955, with a final payment of
$2,500,-.
mill
shares2bf cumulative convertible preferred stock,
privileges.—See V.
the
amount
order.
its
company will borrow
balance of $5,500,000
and the
pro¬
at a special meeting held on April 30 approved an
certificate of incorporation authorizing the com¬
The
value.
par
dend
the
to
issue 40,000
to
1946,
1,
Interest on
loans
(& Subs.)—Earnings—
1946—3 Mos.—1945
Subsidiaries—
Operation
=
Power purchased
per
commitment
a
the
additional
expense.
United 4Vallpaper Inc.—New Preferred
Period End. Mar. 31—■
Total operating .revenues
-
of 2%
the
Government
Approve Preferred Issue—
version
United Public Utilities Corp.
1947.
March-
of
1946, the directors declared a dividend
payable June 29,
1946 to stockholders of
This compares with 50 cents paid on .Dec.
year
-
of
July 1,
rate
bank
such
Gross
the
exchange,
of
hands
the
of
view
In
the
the
of
result
a
at the
continued:
be acquired
2343.
p.
be
to
an
to
cost
Geneva
$91,100,000,
to
June
shall
plant
V.
,to
asked
Mr.
the
converting
prorationing were disregarded.
standing' in
later than
gate)
May
on
specific
representatives, .of the Government,
War, ..Assets Administration to purchase
exchange,
pro-rationing was necessary and units were accepted at the rate of
80%
of the units offered in each tender, except that at least one
unit in each tender was accepted and fractional units resulting from
Fairless,
response ;-to
by
of
meeting on April 30 of the directors, it was announced
.'that under the plan for exchange of certain of the company's portfolio assets for shares of the company's capital stock up to 750,000
Following
Under the terms of such loan
agreement,
$6,000,000 not later than July
1,119,161
6,400,289
15,200,000
255,618,516 475,705,966 464,375,224
10,238,271
15,379,171
17,027,616
stock-6,304,919
6,304,919
6,304,919
————
declared
865,238
'
bonds
ratios and other provisions of the mortgage and deed of trust.
tCom*
pany contemplates borrowing from banks the sum of $11,500,000 pursu¬
ant
to a loan agreement dated March
25, 1946, with the- lending
•
•
series
32,000,000
■'
111,500,000
'
11,185,241 sh$. '
1,250,000 shs.
amount of obligations outhorized by- the
mortgage
is $250,000,000 but issuance of bonds in addition to
is otherwise limited by property and
earnings
deed of trust
the
Total
839,247
Income
on
costs,
—.
Common
maximum
and
,
Outstanding
11,500,000
(no par)
UNDERWRITERS—The
$1,024,070; U. S. Government securities (at cost), $650,000; accounts receivable, trade (after
reserve
for
doubtful
accounts
of $139,755),
$454,233;
inventories,
in" banks
ASSETS—Cash
notes und. bk, loans due 1947-1956
'
FINANCING;
mtge. bonds, 2%% series due 1976 *250,000,000
Other
Crl6,737,000
Int. & other costs on
EFFECT TO PRESENT
Authorized
1st
■
IS
~ V
CAPITALIZATION GIVING
Net
State, local & miseell. taxes—
Dividends
/,v,
$45,828,750.
tax
reduction
Tot(U
30,975,220
associated
Other
Income
32,280,858
provided
years:
strike
Federal
1975..
after
Prov.
sale of fxd. assets
prior
current
in
1945
security
bought
amort,
on
incl.
of
Cost
interest
(estimated t<>.fa* approximately $43,500,*
deducting estimated expenses and excluding accrued 'inter-*
est) to be received by Utah Company from the sale of $32,000,0OT
first mortgage bonds, 2%%
series due 1976, and the borrowing et
$11,500,000 through bank loans, together with $2,328,070 cash Irons
the company's general funds, will be used to redeem debt now
out*
standing as follows: (a) $38,500,000 first mortgage bonds, 3% % series
due 1968, at 104%; (b) $5,000,000 6%
gold debenture bonds, series
due 2022, at 110, which, exclusive of
interest, will require the sum o$
{Including provision for renegotiation.
CONSOLIDATED
and
FUfePOSE~--Net proceeds
680
1946,
265,856,787 491,085,137 481,402,840
social
services
deprec.,
Balance
'
sold
pensions
and
costs
Est.
porate trustee for the maintenance and replacement fund or the ciu> V
rent, sinking or- improvement fund ' requirement, or with such
pro¬
ceeds of, the release of property as must be
applied to retire bonds at
special redemption prices ranging from 101.65 and interest In 1947 to
,
services
facil. & loss
War
830,000
$605,740
"
$468,478
surplus
—
deducting
$630;000 in 1943.
'
of
approximately
obligations of $2,054,752
long-term debt outstanding at
were
1945.
31,
quarter
assets,
unexpended
amounted
1946
March
at
declarations,
capital
of
salaries,
Depl.,
res.
conting.
and
earned
to
to
and
taxes
$2,078,530
'
Dividends
$11,150,000
the first quarter of
and
current
betterments
replacements
retirement
Products
5,670,000
$463,478
Amount apprqp.
Bal.
first
2483!
000
been
$90,661,541.
Wages,
$8,080,266
41,736
290,000
$3,273,740
+1,454,000
tax
prolits tax
profit
for
the
Costs:
.2,205,000
$1,922,478
—
deductions
tor
for
$27,887,000 is without any
inability to make shipments
has
corporation
deducting
and
and
the
ter.
was
of
to
this
capital expenditures during the
to
$9,100,000.
After
assets
compared
total
From
steel
after
$583,528,474
period.
ingots and castings in
of rated capacity.
current
1946,
31,
111,841
income
Provision
cost
taxes.
Production
$7,968,426
77,080
properties
facilities
of
income
Total
tax
$6,800,000
/•Mai
able
consideration
'
:
of
quarter.
$8,506,150
127,312
410,412
Operating
To
proper
credit
a
$
1945
from, operations--
Other
was
a
possible distortion in operating figures
for
subsequent
quarters of 1946, when operations may be of a more normal char¬
acter,
it seems advisable to consider estimated taxes for the full
Products
$2,525,671
147,387
532,887
Calendar Years—
of
there
strike.
the
prevent
1946
Amort,
strike,
to
CONSOLIDATED INCOME STATEMENT QUARTERS ENDED MARCH 31
2521.
Depreciation
Co.,
2202.
p.
United Drill & Tool Corp.—Annual Report—
Profit
Trust
&
1946, before declaration of divi¬
$10,238,271,
A loss of $13,594,746 would have
been incurred
had there not been created
during the war years a
fund to cover abnormal costs arising out of the war.
While, because of such fund, reported income for the first quarter
dends,
exchange.—
for
163,
certifi¬
for the first quarter of
announced that the directors had
April 30 declared the regular quarterly dividend of $1.75 per share
on
the
preferred stock, payable May 20,
1946, to stockholders of
record as of May 3,
1946, and a dividend of $1 per share on the
common stock, payable June
10, 1946, to stockholders of record as of
May 10, 1946.
additions
"After
the
Irving
additions
Total
Y.—V.
stock
on
1.332,460
preferred stock
tCommon
A
452,754
35,202,170
25,886,500
13,283,855
9,895,904
33,565,894
contracts
payable to bank
Reserves
.5%
2,278,494
756,039
8,290,299
1,395,750
48,592,567
35,346,122
Advances
.-Notes
•
_____
525,677
131,405
5,160,858
711,913
14,593,477
New York, N.
United States Steel
Reporting
year
184,697
:
taxes,
incentive
for
2,394,409
icontrat
Employees' Fed. taxes withheld
Empl". funds—War Savings bonds
'
24,515,055
21,087,892
payable
Contract termination
may
1946;
a
LIABILITIES—
payment in full to holders of the drawn
be obtained at the Central Hanover Bank
Broadway,
43,097,737
184,697
(contra)
acct.
claims
term,
70
$
S
29,533,777
;
cates
1944
1945
ASSETS-
■?■Cash-
..
THE COMMERCIAL & FINANCIAL CHRONICLE
AL
Number 4487
emergency plant facilities contracts, t Including excess
$7,877,622 and after credits of $2,215,728 in 1945 and
228,6il
•.
t
Van Raalte Co., Inc,—Earnings—
Earns,
per
com.
1945
1944
$188,106
$176,837
256,182
share-
1946
$305,271
Quarter. End. Mar. 31—
•Net profit
Common shares
258,182
129,281
$1.18
$0.66
'
„
$230,133
129,281
'
$1.18
$1.69
all
provision
for depreciation,
profit-sharing and
charges, including Federal taxes.—V. 163, p. 823.
v;.--; '
•After
v
i
otheU
.
;:&■;?!■
;;•>!?
THE COMMERCIAL & FINANCIAL CHRONICLE
|
yfM
Western Auto Supply
Virginian Ey.—Earnings—
March—
'
6roE8'
Net from railway^-.
;f
4 Net jry.
'$&$0rom
'"-Gross
1,136,656
487,339
oper. income-.,
613,876
617,474
633,649
Jan, 1—
from
Net
from
Net
ry.
—V.
793,736
-.
railway
1,765,728
income
2202.
7,882,827
3,648,954
Total
Provision
—V.
Net
from
Net ry.
3,790,527
896,433
15,484,696
24,109,798
9,361,257
1,586,641
2,561,002
23,853,474
9,857,257
2,405,069
220,627
-
Gross
from
Net
Net
<
from
ry.
_V.
19,040,131
...
railway
income
oper.
163,
1,068,120
inc.
taxes-
$2,567,624
taxes
978,384
Gross
|*5>462
$138,470
$2.11
163,
It
and
payable
$200,000
EARNINGS
2 authorized an issue of $6,500,000 30-year
on
—V.
Equipments—
FOR
annually
MARCH
15,
June
AND
YEAR
to
1947
TO
1946—Month—1945
$3,060,596
revenues
163,
V.
2,102,859
5,933,422
$1,400,018
$2,281,275
income
985,000
rents
$1,641,874
Crl76,746
0r44,8l2
$343,836
$1,296,275
Crl39,479
Drl4,247
(net)_
$567,018
C'r45,488
Drl5,080
Dr41,551
Net
piping and pipe
tools have
Gross
order
an
Fixed
backlog that will require more than a year to reach a reasonable
delivery promise period. W. B. Holton, Jr., President, stated.
the
registration statement
Commission on April 26,
to
has
V,
163,
—V.
$1,773,808
Net
from
62,785
86,972
Net
ry.
$624,912
$1,456,988
$1,860,780
268,040
691,309
807,692
$356,872
$765,679
$1,053,088
Gross
1,
from
$165,413
ry.
of
The
2,696
163,
85,243
255,729
7,895
552,000
pay
.
it
chron
announced
the
closely
more
this
of
name
was
of
company
May
on
1
See
SYSTEM
Period End. Mar. 31—
ry.
Total
INCOME
Net
"3,236,415
from ry. oper.
$65,262
95,109
tax
accruals---
tax
Co.)
Ry.
$2,004,298
$2,399,907
110,903
302,072
for
of
.
operating
and
rents
joint,
(net
572,000
3,042,649
102,966
252,364
312,350
*$100,608
$768,730
$1,273,470
$2,306,115
Gross
charges
deferred
from
94.320
193,549
387,532
587,522
*$194,922
$575,181
$885,938
ry,
$1,718,593
88,221
52,042
168,001
Total
$627,223
$1,053,939
17,068
fixed
16,491
58,810
$1,904,456
40,931
charges.—
45,978
48,085
139,101
estimated
General
$562,648
$856,029
back-pay
Western Ry. of
accrued
operating
for
935,039
inc.
&
exc.
profits
912,961
866,138
Net
from
287,400
taxes
759,240
Net
ry.
non-oper¬
Net
operating
revenues—
$2,420,906
$2,417,013
2,008
Drll,358
$2,422,914
$2,405,655
1,089,271
Net
1,477,437
466,518
470,015
^
1944
income
Int.
Net
,
and other
income
Dividends
deducts.,
preferred
on
incl.
special
charge—
stock
rv.
—V.
7,281
150,877
142,248
p.
for
Balance
t
$867,125
p.
39,274
39,238
58,254
Total resources of the Fund increased to $30,974,661 on March 31,
1946, the largest in the history of the Fund, and
represent an increase
^
of
$4,063,352 since Dec. 31, 1945.
Asset value of
shares increased to $20.81 per share on March 31,
tp $20.09 at
Dec.
31,
?£<20.cents per share
this
dividend,
The Fund,
1945.
On
March
was paid.
The
$200,000 at Dec.
V. 163. p. 1330.
31,
total
1929,
978.473
1,337,987
1,351,502
84,398
424,956
485,758
73,150
118,470
133,557
a
over
Wellington Fund
1946, as compared
Provision
quarterly dividend
share, including
Gross
per
Other
1929, has enjoyed a steady and
show an increase from less than
163,600
E.
In
net
$30,000,000 at
the
Net
Western Electric Co., Inc.—New
President of Unit—
A. Seheuch, Vice-President of
Nassau Smelting & Refining
subsidiary,
May
1,
on
to
40 years of service
Aprii
succeed
30
was
elected
Frederic
W.
in the
board
of
163,
p.
the-(first'time since January
1 the Fairchild Publications'
Re¬
tail
The
Price
Index
Index, at 113.6
1941=100),
as
:
of March
since
advanced.
on
April 1, (Jan.
compares with 113.5
1. For the first time
the war,
groups
most of the major
recorded fractional
in¬
creases.
*
.
-The Fairchild publication's
nouncement issued
g£:tinued:?.
'
•
April 18,
:
Willard
Treasurer
Net
per
to
Feb.
There
are
the
more
con-
(.
changes in the
during
corres¬
any
advanced.
Women's
aprons
and
and men's
underwear
receded
fractionally.
The advance in sheets, in partic¬
corsets,
ular,
was very
tion
of
the
marked—a reflec¬
price
relief
granted
,.parel remain unchanged, infants' by OPA.
As compared with a
children's wear and home year ago, sheets and furs showed
furnishings vein, with piece goods the greatest advances.
.
0.2%
compared with the pre¬
vious month. As compared with a
piece goods and men's
apparel
showed fractional
de¬
as
taxes
$5,000
An
analysis
of the
individual
corporation
due
to
woolen
and
sheets
and
and
aprons
617,000
$1,201,881
$1.31
strike
general
of
idle
local
from
163,
cotton
piece goods,
blankets,
women's
housedresses,
furs,
and
shirts
and
undoubtedly have reflected an ad¬
vance
the
of at least 25% since before
war.
It
is
also
that
stated
further
in retail prices are to be
expected in coming months. It is
even likely that the advance may
be accelerated somewhat, accord¬
gains
ing to A. W. Zelomek, economist,
under
Index
whose
is
supervision
compiled.
the
recorded
until
played
on
havoc
of
shipped.
Comparable
much smaller amount*
a
pol¬
changes likely in
1 legislation, will
make for still higher levels.
He
stresses
as
r o
that
it
is
hindrances in
with
our
unbalance
with
the
own
plants of
our
many
production efforts.
The
shipments and ad#
restricted
profits.;
While
an+ wfsituation
there
were
tilat
and
avoid
no
strikes
irritations of any kind
or
was only *air to our loyal employees to
dislocations.
unnecessary
^ prices are still generally "frozen" at the October 1941
material costs, labor, salaries, and many other costs of
advanced. There seems to be some possi#
relief in
hiiiif
i
h
bility of partial
the
p.
Jan.
to
hrhiJ
16
common
bonds,
consider
in
&
called
stock
<b,e
in
at
balance
1970.
late
level
essential
as
of
a
re¬
to relate
tr__
M
.
"The
JV\<
-Soviet Ump&#nj3
the- Mongolian
People's
Republic
signed in Moscow today, the
Premier
clauses.
The
necessary
said,
the
to
After
no-par
Choy BalMongolian
first
of
two
countries
threatened by
second for
in
the
by
a
a
three
provided
joint consultations should
be
one
for
oi
militarily
third party; the
military and other aid
event
of
an
armed
attack;
third party; an<Mhe third for
troops
broadcast
of
Republic, consisted
withdrawal
the
1V2%
of
terms, signed by Vyache*
Molotov, Foreign Commis¬
The
treaty,
shares
sar, on behalf of the Russian Gov¬
ernment and Marshal
a- the
tci
outstanding
1,675,008
years.'
san,
York "Timei^%aid i0 '*•
its
for payment May 15.
well as to the
treaty of friendship
signed in March, 1932, and pro¬
longed for a further period of ten
Russo-Mongol Military Pact
advices from London to the New
may
fetffe K
lav M.
..'iJJnder date of Feb. 27 wireless
future
made America
of 2%%
sinking fund first morteaee
lunds will ibegin to
$1,500,000 per annum.
V. 163, p. 1204
supply-demand equation will be¬
gin to come more into balance.
oro w.
near
Sinking
of
unit production with unit volume
of sales to determine when the
was
of
$30,00(1,000
1,
the
prices
record
It is
and
July
1951
higher
the
the
Tube Co.—Calls Notes—
the
?hf* payment its capital,tot?lmg $6'750'000
this nn0te'I'
structure will be
bonds
we nevertheless are con#
to meet the growing
™Pp° 1204 ^ national teamwork that
Youngstown Sheet
21,
tail sales.
future.
conditions
boldly for enlarged production
our products—with the hope that
*
698.
factor
near
tinnin^t^nfo^h^?6 disturbing
Moscow radio announced tonight.
.
It is added: OPA's current
also
rayon,
$0.67
$19,336,826 $13,354,789
$20,581,663 $19,207,855
sales
states:
item included in the index would
II
following: silk,
104,001?
$623,700
$0.38
in
not
are
other production
condition
area.
this
JfJinlr h!l
steelworkers called
(C.I.O.).—V.
America
furniture
and
floor
If it were possible to
allow for changes in quality, each
icy, as well
price con t
the
(est.)
completely
were
the
underwear
qommodities in the Index shows
gains in excess of 25% since beforeMM"putbreafc of World War
in
1,969,000
0
$791,000
0
(est.>
profits taxes
neckwear,
coverings.
ponding period
in some time.
Rayon, woolen and cotton piece
goods, as well as sheets, furs,
women's underwear, men's cloth¬
ing, infants' hose and underwear,
and home furnishings ..advancing
of
1946
men's
in
2,696,700
contingencies--
approximately $10,000,000 of orders on hand March
distributors, and 12) for accessory equipment, sup¬
which
President,
have
a
$2,609,881
bonds..
on
share
common
than
month
764,995
411,286
postwar
927,726 shares
on
from
and
is
J11" leA
i
287,499
Nil
income
excess
commodities
;, and
,
221,155
this
$2,897,380
taxes
by the United Steel Workers of
individual
share
effects
meet
193,336
$22,655
Federal
Federal
18.
profit
Wages and salaries were further
increased, through collective bar#
gaining effective April 1, 1946, as the result of a national
pattern
which found its origin in
Washington and was promptly reflected in
73,396
$27,655
including discount
before
NOTE—Plants
1946
F.
excess
spite of the many handicaps to production which were
operative
quarter ended March 31 we were able to add $16,172
profit to the $337,537 reported for the
preceding quarter.
verse
$2,704,044
profit
Earnings
the
E.
for
8,933,207
$353,709
has
ef¬
on
and
h.ousedresses,
an¬
While men's and
women's ap-
^
46,599
$92,119
$248,810
for Federal
clines while women's apparel and
home furnishings showed gains.
Index Advances in March
*
Nassau,
2343.
Fairchild Retail Price
„
Mr.
elected
Stocker, Assistant Treasurer.—V.
of
Provision
Willard, who retired after
George J. Boileau, Treasurer,
Bell System,
Vice-President and will succeed
directors.
E. F.
Baxter was
elected
was
President
profit
Provision
William
fective
chargse,
and
charge
taxes
and
war
Lauer,
great.—V
i
Cp.r a
accounts
operations
income
Interest
time.—
present
estimated
service
suppliers
156,691
from
income
Gross
i
throughout the
doubtful
for
income
contingency
II)
and
S.
1774.
profit
6,025,029
figure for March 31, 1945 not available, but of
1,294,915
561,478
income
per
1946
plies
in
assets
to
1946,
The net. increase
was 4.58%.
since it was organized
growth.
30,
1945
$8,197,596 $11,822,400
"Does not include
31,
Quarter Ending March 21—
1946
1945
Gross sales, less discounts, returns & allow.__ $20,937,209 $35,184,271
Cost of products sold, incl. taxes, labor, other
operating charges and strike expense
15,679,772
26,712,538
Repairs and maintenance charges
2,167,138
2,606,281
Prov. for deprec., amortization
and depletion.
1,366,408
1,526,822
Selling, general and administrative expenses—
1,361,641
1,296,021
Taxes, other than income taxes
223,532
265,169
$1,007,422
'
1946
$14,222,625 $20,755,607
for
Strikes
1484.
1,849,073
booked during half year
"Uncompleted orders not included
Wheeling Steel Corp. (& Subs.)—Earnings—
Wellington Fund, Inc.—Assets Value Increased—
-
,
163,
3,937,983
1,320,580
profit
result
—V.
3,667,582
1,180,582
contracts
before
and
213,772
23,077
income
oper.
163,
3,233,666
102,215
1912.
p.
"Orders
$477,726
railway
railway
from
Net
"Gross
1
profit
Provision
1943
$459,565
railway
Net
948,032
163,
sales
Earned
1945
$463,208
from
Gross
9,510,42*
sales
taxes
928,218
1,333,643
income
9,171,087
1,534,266
Corp.—Earnings—
Reserve
From Jan. 1—
Other
8,718,148
income-—
2202.
p.
$332,163
railway
oper.
722,759
6,292,962
railway
completed
Total
and
fDelicit.—V. 163,
1946
from
Gross
348,327
6 Months Ended March 31—
Alabama—Earnings—
March—
132,674
716,618
railway
oper.
Net
because
"198,919
$1,718,597
and other corporate purposes.
829,074
Fed.
ry.
8,457,996
taxes
for
Prpv.
from
Completed
ating employees for the period Jan. 1 to Mar. 31, 1946, amounting to
( Amount available for contingent charges, i.e., capital fund,
interest requirements on general mortgage 4,/2%
income bonds, sink¬
904,776
1943
$3,001,896
1,108,208
$3,414,485
1,922,872
income—
"Deficit.—V.
$703,945.
ing fund
1944
$3,802,703
97,831
1—
from
Net
144,928
*$169,753
income
tNet
1945
$2,303,175
railway
oper.
York
income
deductions
Total
hI
j
185,863
*$106,707
income-
Missisippi Valley RR.—Earnings—
railway
From Jan.
Gross
income
"Includes
•
above.
Co.
1946
from
Net
facil.
Dr)
oper.
ry.
Misc.
1946
1945
$14,280,887 $14,450,798
conditions
war
Bookbinding
March—
322.028
1,021,700
70,681
accruals-
income
oper.
Equip,
Washington Gas Light Co. (& Subs.)—Earnings—
prpv.
619,569
1912.
p.
<
Yazoo &
$5,983,141
...
Depreciation
163,
1946—3 Mos.—1945
Partly
917,500
412,009
income
mechanical reasons it is not always
to arrange companies in exact alphabetical
However, they are always as near alphabetical
position as possible.
Net
tax
ry.
Ry.
capacity
8,890,968
"22,575
...
NOTE—For
in
Maintenance
1,201,431
$5,095,584 $10,848,586 $14,816,861
3,091,286
"8,448,679
8,833,720
accruals---
has been changed to Tele¬
by I. W, Kokins, President.
12 Months End. Feb, 28—
Operating revenues
Operation
5,219,293
886,752
possible
and Tidewater Southern
$3,301,677
exps.—
oper,
rev.
Other
change, he said, was to relate the name Teleto the company's products, which are constantly
.,
4,776,788
714,203
railway
Commercial
STATEMENT
1946—Month—1945
revenues
oper.
ry.
Other
to
5,408,690
$1,925,631^1
■«LI
'
'According
344,788
?
railway
552,000
(Including Sacramento Northern Ry.
Total
Net
number and sales volume.
Mr. Kokins, the company's manufacturing
today is three times that of its prewar level.—V, 161, p. 50.
increasing
501,225
178,973
1774.
p.
Payroll
corporate
Inc.,
356,303
"289,739
1944
order.
1955,
purpose
$1,724,159
World Publishing Co.—New Name—
defense
CONSOLIDATED
Warren Telechron Co.—Shortens Name—
chron
Mf
1945
$1,904,676
22,256
income
oper.
Net
The
of
or
1485.
railway
from
Net
income
the
of
New York, corporate trustee, 140 Broad¬
at the First National Bank of Chicago, Chi¬
Co.
Y.,
p.
railway
oper.
Net
Western Pacific RE.—March Earnings—
outstanding 10-year 3V*% sinking fund debentures due
have been called for redemption on June 1, 1946, at
103%
and interest.
Payment will be made at the office of J. P.
Morgan & Co., Inc., 23 Wall Street, New York, N. Y.—V. 163, p. 823.
All
11
Redemption—
1946
from
$1,394,203
229,064
Income
March
company's transfer agent on April 25.—,"
by the
March—
27,486
$394,477
Ex#
•
$597,426
projects
Warren Petroleum Corp.—Calls 3V4% Debentures—
,
Curb
From Jan. 1—
income—
Amort,
2055.
p.
York
Wisconsin Central Ry.—Earnings
14,395
Retroactive
large backlog of business in the
utility
and
industrial
fields.—
a
public
New
•'■■Includes:
•
to operate at a
profit and
construction,
oil,
railroad,
N.
163,
"Deficit.—V.
filed with the Se¬
curities and
Exchange
in connection with
the; proposed
refinancing plan, the company reports an estimated
operating loss for the first quarter of $450,000.
In commenting on
this report, W. B. Holton, Jr., President, stated that the delay in
assembling final figures for the first quarter and
the amount of
loss arose
primarily from the fact that two out of the three of
Walworth's large plants were shut down for 2'/2
months during the
first quarter by strikes called by the CIO in support of their strikes
against the basic steel industry.
The loss was accentuated by the
fact that no price relief on many items manufactured by Walworth
had. been obtained from the OPA until the latter part of March.
Mr. Holton further stated that the company is now in a position
amendments
111.—V.
$380,082
charges
Net
First Quarter-
Estimated Loss $450,000 for
in
income--
oper.
ry.
income
the
'
Trust
New York,
Gross
Other
of
1912.
p.
Guaranty
way
cago,
Walworth Co. and other concerns which
fittings,
valves and
manufacture
Dividend Ruling—
Rulings
corporation has called for redemption on June 1, next, through
operation of the sinking fund, $993,000 of first mortgage 3%
bonds,
due
April 1, 1953, at 101 and interest.
Payment will be made at
2,198,000
Cr50,493
rents
Joint facil.
convertible preferred stock was not adopted.
A syndicate of bankers headed by Paine Webber, Jackson and Curtis
arid E.' H. Rollins & Sons, Inc., is expected to offer the debentures to
870,288
The
$3,839,874
833,000
$8,214,697
and 20,000 shares of
within two weeks.
2,846,731*
750,404
Wilson & Co., Inc.—Partial
$648,836
revenue
Equipment
debentures
The alternative proposal to issue $4,500,000 convertible
the public
2,070.206
919,297
Security
on
mailed
were
163,
DATE
1946—3 Mos.—1945
$3,502,877
Committee
dividend
1956.-
2,411,760
expenses—
oper.
Operating
at least
to the company will be
and that the price
2
2,990,945
310,428
,
change on April 24, ruled that the capital stock be quoted "ex" the
20% stock dividend on April 26, 1946. Certificates in payment of said
$9,850,032
6,010,158
Taxes
the conversion
100.
6,571,42*
790,923
599,195
railway
railway
income
p. 1774.
oper.
The
305,000
Net
expected that the interest rate of the debentures will be 3%%,
rate for the first ten years will be close to the
is
that
5,841,518
=
$0.18
from
ry,
the
market of May
from
Net
company
Period End. Mar, 31—
debentures.
convertible
7,036,509
1943.
•'
$2,351,741
1,045,605
2055.
p.
Operating
"Operating
Walworth Co.—New Debentures Authorized—
The stockholders on May
1944
$2,034,003
730,448
257,431
1—
From Jan,
$233,932
$1,589,240
-
share
per
1946,
15,
22,486,969
9,579,380
2,781,707
1774.
p.
5,772,374
will receive bids up to 10 a.m. (EST) May 14, at its
office, 506 Standard Oil Building, Baltimore, Md., for the purchase
of $2,000,000 equipment trust
certificates, series J, to be dated June
1—
railway
income
earnings
The
*
Prom Jan.
Fed.
Western Maryland Ry.—Bids
$8,055,579
3,551,131
$8,455,675
3,555,681
996,756
333,924
income
oper.
1943
1944
$8,686,772
$6,61j, 191
railway
Federal
for
1945
$2,622,680
1,177,223
341,158
4,589,760
railway
Net from railway
Net ry. oper. income—
Willson Products, Inc.—Stock
1945
1946
railway
provision
from
Net
Wabash RE.—Earnings—
from
for
Net
Earned
March—
Gross
before
1,888,866
Gross
$5,310,801
$22,209,701 $11,083,175
Earnings
1946
$1,759,561
190,167
151,025
March—
1945
1946
$11,576,735
10,632,966
Wholesale
6,935,138
3,460,354
1,868,269
7,812,632
3,033,795
1,766,386
7,559.668
2.735,778
railway
Wheeling & Lake Erie Ry.- -Earnings—
Co.—Earnings—
'
sales—retail
Net
i
oper.
163, p.
Quarter Ended March 31—-
1943
$2,474,551
1,271,533
3944
$2,754,870
1,314,260
1945
$2,770,738
1946
$2,644,983
railway
from
Monday, May 6, 1940
of
the
supporting
from the territory of the
'gives concrete form to the gen¬
other contracting party after the
tlemen's agreement
need for their presence
which
has
existed
on
mutual aid
since 1934
as
to exist."
,
'If
f)T
<1
had ceased
r-i*
-i
f«
]
,?S','"
j'■-*<?#'. : ;.••
—v,..
--vr
*
.'(■MM
...
l
*
*•..
•
.
"•
,
■
..
i
,
i:ip :SA1;;^;U:
vw
v^j
or; rura^a
tU?i,^:.*-'i'
•V
J*. ^T*a« i ujWWir. < »vtj,.yM j^jfliWAAjiVi
:.
*y,
jvi\>
.........<*.?v-•'iV"w
<'•*•
Volume
163
•
Number 4487
"
r'.&i'"'- •ti3.»-»~VJibfv
'
'
'
5 r ••."'■
'.
V. ■'!,
THE COMMERCIAL & FINANCIAL CHRONICLE
:
2483r
f:
'War
Cottonseed Receipts to
March 31
of Slocks
On April
12 the Bureau. of Census issued the following state-*
tnent showing cottonseed received, crushed and on hand, and cottonseed products manufactured,
shipped out, on hand and exported for
the month ended Mar.
31, 1946 and 1945.
ij
'
COTTONSEED
RECEIVED,
Received at
mills,
,
..
—
1
1944-45
1944-45
1945-46
3,507,550
369,721
795,977
227,639
45,161
240,478
33,975
3,429
35,470
9,856
132,943
22,874
———-
—___—,——
268,811
251,058
Arizona
Mar. 31
Aug. 1-Mar. 31
1945-46
4,191,921
Alabama
„
Stocks at mills,
2,899,177
1944-45
3,050,550
l>
(TONS)
ON HAND
Crushed
-Aug. 1-Mar. 31
1945-46
United States
AND
CRUSHED
53,552
48,213
43,823
Arkansas
321,878
456,435
311,089
333,292
California
127,436
117,733
101,144
95,053
I Georgia
!}? Louisiana
287,074
355,680
113,308
164,162
270,954
114,335
321,576
156,316
i Mississippi
537,840
686,126
469,128
551,854
34,573
679
86,118
i North
155,288
269,724
148,521
225,209
21,897
96,153
214,139
198,324
172,516
223,815
91,377
169,309
212,020
5,903
7,719
35,972
39,582
14,374
J
Carolina
10klahoma
South Carolina
Tennessee
(Texas
333,481
231,181
278,003
617,091
922,949
661,708
765,736
69,732
125,314
57,581
85,866
252,963
All other states
57,115
28,385
53,956
9,821
149,838
51,752
17,877
17,467
65,255
188,859
40,009
"Includes 992 and 6,650 tons destroyed during 1945-46 and 1944-45, respectively,
Does not include 219,340 and 118,256 tons on hand Aug. 1, 1945 and 1944, respectively,
nor 44,570 and
59,709 tons reshipped during the seasons 1945-46 and 1944-45.
i
1
;
COTTONSEED PRODUCTS PRODUCED, SHIPPED AND
Products—
Season
Crude oil
Produced
Mar. 31
Aug. 1-Mar. 31
Aug. 1-Mar. 31
Aug. 1
1945-46
"55,121
902,888
889,890
t91,650
(thousand pounds).
1944-45
29,759
1,084,362
1,056,265
142,994
Refined oil
(thousand pounds).
1945-46
$275,625
1944-45
239,934
899,000
Cake and meal
1945-46
52,258
1944-45
23,050
1,279,035
1,699,390
1,275,722
1,532,920
1945-46
51,697
694,274
717,772
812,051
769,037
38,199
57,807
"879,766
828,378
1169,964-
,
(tons)
Hulls
••
(tons)
Linters
1944-45
14,793
1945-46
18,576
'
(running
*
bales)..
0
343,252
55,571
104,520
1,026.399
989,925
98,394
1945-46
323
14,670
13,851
1,142
1944-45
476
17,857
994
1945-46
2,451
10,025
37,148
17,339
33,176
36,812
1944-45 '
Hull fiber
(600-lb. bales)
.
'
11404,645
'
§785,735
Grabbots, motes, &c.
(600-lb. bales).
61,920
1944-45
38,865
said:
6,423
12,078
refining and manu
37,297,000 pounds at
the loans not collateralized
by U.
other types of member
the
*
mill
"Includes
229,145
first
bales
cut,
$
Amusement
establishments and
Market Value Av. Price
$
$
$
Machinery.
28.79
46.61
1,024,364,137
44.25
49.95
647,381,314
48.34
79.30
8,727,387,821
74.71
42.51
2,265,899,369
985,364,381
43.00
72.45
28.18
53.69
40.60
1,385,028,903
4,938,354,507
86,636,255
69,989,241
355,231,964
2,982,302,075
;
47.97
93,194,761
Electrical Equipment
38.05
6,008,234,959
1,244,191,082
1,032,358,708
1,473,317,554
5,196,681,848
Business and Office Equipment
Chemical
1,147,733,325
48.10
1,252,759,107
1,101,113,826
669,217,164
9,330,155,575
2,243,166,363
Aviation
Building
41.13
6,048,232,655
Automobile
Farm
-Feb. 28, 1946——
1,250,042,118
38.57
Financial
Food
Garment
Land 6c Realty
Leather
29.98
55.26
14.54
28.70
69.15
42.36
bales
second
and
cut
bales
92,627
labor
other
48.60
4,883,294,881
44.30
82.89
828,184,495
75.17
about .2%
32.18
29.35
that harvesterd in 1944 and
34,990,661
3,442,039,040
1,057,011,992
1,785,795,100
20.29
181,267,059
32,518,292
18.86
3,343,638,271
969,971,326
1,647,774,338
8V2 million
63.99
Tobacco
.
52.87
57.44
3,388,299,145
2,100,165,123
4,797,974,494
109.42
42.36
40.29
65.49
57.51
61.93
39.59
Gas 6s
Electrie
(Operating)
(Holding)
3,604,701,262
38.02
2,190,576,376
4,810,805,356
Communications
109.39
22.64
Crop of 1945
The Bureau of the
on
Census
will
issue
soon
the
annual
35.94
21.71
Cotton Production for the crop of
1945. This bulletin will show
ginnings for the crops of 1945, 1944, and 1943, and production
for the crops of 1945 and 1944 by States and Counties. It will show
also the ginnings to specified dates throughout the season, by States
and by Counties, for the crop of 1945. 1
Final figures of cotton ginned by States for the last three crops
the
shown in the
following tabular statement. Quantities are given in
both running bales, counting round as half bales, and in equivalent
500-pound bales.
are
COTTON
GINNED
FROM
f
THE
CROPS
(Linters are
not
OF
1945,
AND
1914
United
States..
11.128,524
9,014,374
12,230,053
11,428,747
965,770
931,573
128,539
930,459
1,003,947
955,987
132,357
1,086,963
136,341
1,402,261
130,843
1,342,906
116,836
1,045,370
1,125,480
347,708
319,599
333,051
353,440
326,919
340,965
6,112
10,107
10,183
13,852
799,367
14,14G
848,522
6,054
664,557
Arkansas
670,629
813,954
Florida
Georgia
Exchange.
Mar. 31
Sept. 30
30
Dec.
__
31
Nov.
30
_
_
_.
..
__
31
30
35.55
35.07
July 31
Aug. 31
Sept. 29
35.75
Oct.
35.84
Nov.
30_
36.14
Dec.
31
Illinois
1,353
3,086
2,081
1,286
3,089
850,744
2,052
Kentucky
6,779
10,834
11,267
10,406
10,800
377,708
594,119
712,534
6,198
388,376
622,340
741,692
1,517,873
1,364,749
400,731
1,783,556
1,557,024
1,933,857
296,366
102,132
107,162
-
-
Mississippi
Missouri
New
Mexico
North
Carolina.
Jan.
31
Feb.
28
Mar.
31
431,327
610,848
373,470
281,887
627, G10
_
_
39.65
41.55
43.17
69,560,968,600
44.23
72,729,703,313
_
___
31
37.84
Feb.
46.13
46.33
Mar.
48.61
78,467,733,341
28
39.84
30
38.15
74,164,879,781
45.79
77,932,414,601
___
47.88
655,202
846,713
692,780
664,776
863,722
449,656
538,251
563,872
492,438
2,559,831
479,791
2,701,195
467,708
1,750,537
1,803,454
2,658,134
2,832,252
14,074
25,248
19,710
14,273
25,650
short-dated bills sold in
limited.
In all
the figures are based upon the prices of issue.
cases
NEW CAPITAL ISSUES
IN THE
UNITED
1939
1940
1942
1944
1943
1945
increase in the previous month
wias.2,014 shares.fir
Vl
vl(_>
a-
report shows that nine stocK issues out of the total 8*62 traded
'on the Curb Exchange on April 15;'showed ^-'sftbrt pbsifidh'of 5,000
The
shares
or
more,
the
same
number reported in the previous month;"*;
Short
Position
Security—
.
American
Cities
"Domestic
&
Illinois
.
Superpower Corp.,
Co., common
common
Service
Industries,
Power
Co.,
Inc.,
"A"
common
Long Island Ltg. Co., CODs
old common
Niagara Hudson Power Corp., common
Pan American Airways Corp., warrants
Raytheon Manufacturing Co., common
Segal Lock & Hardware Co. Inc., common
gi Increase
Position
Mar. 15, '46
12,946
4,250
or
Decrease
—
+
4,755
+
4,300
.+
5,700
15,060
7,629
650
6,800
10,625
14,510
13,913
6,544
6,771
7,787
1,600
3,788
2,700
1,929
+14,410
—
—
3,825
+
7,966
7,142
+
Short
Position
(stocks)
195,142
162,203
+32,939
Total Short
Position
(bonds)
12
10
;+2
Total
i.
Apr. 15, '46
5,159
5,850
8,543
7,000
Short
weather
rain
and-
throughout
which
wai
the
cloudy
growing
,
excessive "
caused
plant growth and greatly delayed
opening. Frequent rains continued
:
throughout the early harvest sea¬
son
causing picking and ginning
lag. Late fail weather was
to
favorable,
and ginnings made a
sharp upturn. However, available
was
the
crop
ami
percentage of the
harvested
until
•
unfavorable
before
winter weather set in,
cord
,
not sufficient to harvest
a
crop
re¬
was
early spring.»
and the Delta areasf
Arkansas, Mississippi and Mis¬
large
a
remained
winter
in
amount of cotton
field over the
the
-
and
poundage
considerable
loss
in
grade occurred.
ana
Cotton
production, as published
Crop Reporting Board,
represents the number of bales
1st
2,203
826
157
963
1,968
1,872
865
454
503
2,768
310
5,062
57,145
quarter
6
months
accounted
for
in
the
State
and]
National totals. Prior to 1944, un-s
harvested production was of neg-i
importance
and
con¬
was not estimated. With*
limited ' labor
usually late
24,887
32,258
quarter
2nd
the
1946
English Pounds-
3,008
1,280
660
3,731
2,278
6,934
533
928
2,147
4,304
1,979
17,521
2,208
2,807
8,035
4,257
495
117
1,100
549
3,319
2,325
3,907
3,583
7,576
all
of
their
cotton.;
reports from crop Cor¬
respondents ih March, and other
information, it is estimated that
unharvested cotton from the 1945
9,083
4,096
years,
supply and un- •
during the p£st>
farmers were unablei
crops
harvest
Based
11,385
66,294
two
to
4,451
3,601
1,108
of$g$3^?hP*eSihThe
of
season
a
1941
65,186
March 15, 1946, of 162,203
v
season
sequently
(000*3 Omitted)
Short Positions to April 15
on
periods
ligible
KINGDOM
[Compiled by the Midland Bank, Ltd.]
20,468
crop
position in stocks traded on the New York Curb
Exchange amounted at the close of business on April 15, 1946, to 195,142 shares in 207 issues, the Exchange reported on April 21.
This
with a total short position
:
-
planting
ginned; because of this, cotton
produced but not harvested is not
or
The total short
compares
late
whose securities have been offered; issues for conversion
redemption of securities previously held in the United Kingdom;
anticipation of long-term borrowings; and
loans of municipal and county authorities which are not specifically
company
8,041
shares in 220 issues and represents an increase
The
further handicapped by prolonged
by
1st
Curb Reports
,
damage ;
heavy. Abandonment in the >.
Mississippi River Delta States war -*
funds and undivided profits; sales of already
issued securities which add nothing to the capital resources of the
19,535
Virginia
nearly
was
souri,
reserve
695,545
Tennessee
'1?.^
Texas where boll weevil
of
Capital Issues in Great Britain
Was
Abandonment of1
acreage
in 1945, of 2.9%, was
above average and was particu¬
larly heavy in Oklahoma, and. in "
northcCntral
and
northeasterr
not
following
It
less than:
Jess than the 10- :
acres
In Tennessee
italization of
1884.
acres
average.
labor
57,383,487,905
379,747
South
Texas
40.68
73,765,250,751
___
56,585,846,293
59,680,085,110
__
_
604,081
279,694
711,481
60.9,451
716,162
Oklahoma
Carolina.
__
.
40.68
40.64
62,636,685,716
61,242,460,874
64,315,140,586
67,065,130,865
___
1946—
103,285
Louisiana
61,496,723,658
62,430,603,026
___
31
Jan.
290,264
104,766
176,822
99,108
430,674
404,444
100,167
.
_
$
37.20
1945—
1,839,185
182,342
_
35.40
Price
$
30
May
June
53,591,644,063
55,511,963,741
31
Apr.
32.59
34.14
52,488,254,469
53,077,487,308
52,929,771,152
53,086,843,093
31
Oct.
33.12
49,421,855,812
50,964,039.424
53,067.898,691
-
June 30
A> :g
Average
Market Value
1945—
48,670,491,772
Apr. 29
May 31
July
Average
Price
$
since
million
also above average.
We give below a two-year compilation of the total market value
and the average price of stocks listed on the
'4?
%
acreage
harvested;
17.241,000 acres, was v
smallest
year
45.79
40.00
ernment; shares issued to vendors; allotments arising from the cap¬
11,839,366
116,155
California
74,164,879,781
1943
(Gross weight)
905,472
.
47.88
1944
Equivalent 500-Pound Bales
8,813,453
__
Arizona
77,932,414,601
33.84
statistics have been compiled by the Midland
Bank Limited.
These compilations of issues of new capital, which
are subject to revision, exclude all
borrowings by the British Gov¬
1,006,737
Alabama
537,708,929
41.54
The
1945
1943
36.23
1943
included)
1945
1944
31.81
1,233,225,392
1,424,049,569
517,642,128
New
Running Bales
(Counting round as half bales)
State-
196,200,000
33.65
$
1945
estimated at
38.36
Market Value
The
the
35.49
1944—
acreage plans in
central and eastern States.!
53.82
l,4iq,158,324
All Listed Stocks
restricted
36.28
217,854,066
1,305,851,860
Miscellaneous Businesses—-^——-.
bulletin
....
•
;'
un-
inadequate
198,783,074
Miscellaneous Utilities
ginnings for the crop of 1945 totalled 8,813,453 running
bales, according to a final report on cotton ginnings issued on April
25, by J. C. Capt, Director, Bureau of the Census. The statistics on
cotton ginnings were compiled from the individual returns collected
from 8,632 active gins located in 830 counties in 18 states. The final
figures of 8,813,453 running bales, counting round- as half bales, are
31,998 running bales greater than the preliminary figures issued
March 20. The ginnings for the 1945 crop are equivalent to 9,014,374
bales of 500 pounds each.
finally planted while
acres
favorable weather and
36.13
:
arid7>
retarded
planting
and
materially lowered the number;of
13.92
.
»
greatly
38.69
Foreign Companies
Cotton
In * Oklahoma
areas.
37.34
0. S. Cos. Operating Abroad—
Cotton Ginned From the
many
913,295,988
36.50
the
Northwest Texas, extreme drought
5,385,085,499
1
in
and
54.52
40.39
2,325,876,426
1,060,400,848
8,351,640,548
6,194,076,293
Railroad
Gas & Electric
30,683 bales first cut, 32,687 bales second cut and 6,594 bales mill run.
In lower Tennessee
i'vvS
Mississippi River Delta areas of
Missouri, Arkansas and Louisiana,
floods and persistent rain during
the planting season seriously delayed planting and reduced sharp¬
ly acreage
usually
planted: in
67,020,811
340,234,865
2,841,480,657
2,305,262,150
976,778,176
7,515,867,927
6,113*454,629
Machinery & Metals
Mining (excluding iron)
Paper 6s Publishing
Textiles
run.
ttlncludes
are
Utilities:
557,994
v
y
all
aggregate market value and average price
for each.
Bhip Building & Operating
Shipping Services
Steel, Iron & Coke
^Includes 374,244,000
:
.
33% less than the 10-year
(1934-43) average. Decreases-from
.a
year
earlier
were
general
throughout the Belt except in
Western irrigated States where
classified by leading in¬
slight increases occurred.
S. Government issues include
their total market value.
In the following table listed stocks
dustrial groups with the
Retail Merchandising
80,401,000 pounds held elsewhere and in transit.
cord
borrowings, these ratios will ordinarily exceed
precise relationship between borrowings on listed shares and
Rubber
pounds of crude oil.
pounds at refining and manufacturing
Though much below the re¬
of the previous year, the
1945
yield was still the sixth
highest on record and above'that
age.
of any year prior to 1937.
Exchange
The final estimate of acreage in
$895,170,763 of which cultivation on
July 1, 1945 d£ 4?7,$432,195,607 represented loans which were not collateralized by U. S.
749,000 acres was 13% smaller
Government issues.
The ratio of the latter
borrowings to the market than that of the
previous year
value of all listed
stocks, on that date, was, therefore, 0.55%.
As and
tlncludes 24,321,000 pounds at oil mills, 52,992,000 pounds at refining and manu¬
facturing establishments and 14,337,000 pounds in transit.
tlncludes 257,591,000 pounds at refining and manufacturing establishments and
18.034,000 pounds held elsewhere and in transit.
from 865,858,000
Despite the unfavorable plant- :
ing, growing and harvesting seasons the 1945 lint yield per
a£re,
computed at 251 pounds, was 20
pounds above the 10-year aver¬
As of the close of business March
30, New York Stock
total net
borrowings amounted to
factoring establishments and 6,501,000 pounds in transit.
^Produced
.
member
Petroleum
•Includes 11,323,000 pounds at oil mills,
April 5 that as of
1,282 stock issues, ag¬
on
-March 30, 1946Market Value Av. Price-
Stocks
.
30, there were
gregating 1,627,599,098 shares listed on the New York Stock Ex-*
change, with a total market value of $77,932,414,601. This compares
with the figures as of
February 28 of 1,278 issues, aggregating 1,619,<28,51 / shares with a total market value of
$74,164,879,781.
In making public the
announcement on April 5 the Exchange
STOCKS
Shipped
■
Exchange in March
The New York Stock
Exchange announced
the close of business on March
Group-
at beginning
of Season
I
W
r*
bales In 1943,
Stocks
1
s
Slock
Now York
on
4,100 bales in 1945 compared with *
8,800 bales in 1944 and 60,9081
in
on
exceeded that normally left?
field
by approximately
the
265,000 bales. This compares with
less
than produced in 1944 and
30% less than the 10-year average.
Cottonseed
production is com¬
Cotton and Cottonseed
Production, 1945
The
1921
cotton
smallest
is'indicated
States
for
crop
the
since
United
Crop Reporting
Board. The 9,015,000 bales of 500
pounds gross weight is based up¬
on
the
by
the
final ginnings
Bureau
of
the
as
reported by
Census.
This
the
estimate
the
1944
puted from lint production and
sample data on the ratio of cot¬
was
tonseed
Census> reports:
of cottonseed received at oil mills
various
to
lint
States.
cotton
for
Estimates of
the
total
lint production by States are gin¬
nings
of
as
the
reported by the Bureau
with allowances
Census,
with 12,230,000 bales in
12,293,000 bales for the
(1934-43) average.
The
record crop was 18,946,000 bales
produced in 1937.
Harvested production of cotton¬
seed, a leading oil crop, in 1945
for
is indicated at
Egyptain production totaled only
compares
1944 and
10-year
3,634,000 tons, 26%
interstate
movement
of
seed
cotton for
ginning. *
acreage and production of
American Egyptian and Sea Is¬
The
land
cotton
States
United
are
where
States
included
in
the
and in the
total.
American
grown
the
of
of
200,000 bales forAbout 75%!
season.
crop
unharvested
1945
in States
sissippi River.
Bureau
of
cotton]
bordering the
•
Mis-||
*■*;/'**";
the
§
];
March 31,* with an al-];
lowan.ee for receipts during the;
remainder of the season, indicate*
that approximately 3,168,000 tons,
or
87% of the 1945 production
through
will be
delivered to* oil
mill^tfor?
crushing. Deliveries td oil mills?b£
cottonseed produced in 1944 total¬
ed
4,362,000
about
89%
production.
tons, • representing
of total cottonseed
•
^
vft.
Acceptances Outstanding
Feb. 28, $166,852,000
Reserve Disfrict in Feb. 27% Above Year Ago
York announced on March 22
stores in the Second (New York)
Federal Reserve District increased 27% over a year ago.
The com¬
bined sales for January and February, 1946, were up 27% from the
similar period of the previous year.
Stocks of merchandise on hand
in department stores at the end of February, 1946 were 8% over
The Federal Reserve Bank of New
that February sales of department
those of 1945.
apparel stores in the New York Reserve District reported
a 24% gain in the net sales in February.
Their stocks on hand at
the close of the month were 6% over the figures for February, 1945.
The following is the bank's tabulation:
The
i
FEBRUARY, 1946
MAJOR LOCALITIES
Federal Reserve District
DEPARTMENT STORE TRADE BY
Second
1
Stks.
1946
1946
+ 27
Northern New Jersey
Newark
+29
+2 7
+ 28
Westchester and Fairfield Counties
Bridgeport-—
+ 15
36
+ 35
+
65
+
Albany
Schenectady.
11
Syracuse—
+ 27
+ 28
-
-
Northern New York State;
15
+
32
+ 20
Binghamton
Niagara Falls
Rochester
-
—
■
—
6,164,000
3,847,000
4,892,000
4,394,000
987,000
677,000
159,000
73,000
"Observance of Daylight Saving
by Greater New York influences
a large area surrounding the city,
City
637,000
483,000
546,000
22,511,000
Francisco
21,160,000
10,496,000
$166,352,000
$166,852,000
+
Increase for month
$500,000,000
4
+
10
'46
Feb. 28, '45
+
8
mports
$108,933,000
$109,415,000
$86,922,000
+ 10
Exports
"17,805,000
20,011,000
11,814,000
+
4
+ 22
+
12
+ 24
+
6
Jan. 31,
Feb. 28, '46
Domestic
shipments
13,396,000
The
'.hat
if
in
acceptances
1925
since
as
month.
coffee,
and
DEPARTMENT STORE SALES AND STOCKS
Federal Reserve District
(1935-39 average = 100>
increase
seasonal
New
there
cocoa,
sugar
stored
in
313,000
7,785,000
3,577,000
created
been
during
and
sugar
11,465,000
133,000
8,641,000
have
drawings
12,178,000
17,571,000
178,000
Dollar exchange
'ased on goods stored in or shipped
between foreign countries
11,437,000
17,899,000
Domestic warehouse credits
cellulose,
during
only
February
domestic
be
may
increases
6
month
the
shipments
considered
against
as
principally
were
of
16
rubber,
contra-
decreases
against
the
furs
in
imports
and
skins
Cuba.
Second
BILLS HELD BY ACCEPTING BANKS
*165
153
tSee below for revisions in
"•Revised.
194
150
•
210
Bills
Increase
156
162
136
$74,252,000
166
of
for
MARKET
RATES
Davs
ON
PRIME
7,',"
Kew
York
Jan.
*165
161
Newark
113
282
139
144
Buffalo
*149
336
179
188
132
324
168
163
154
385
113
320
145
MARCH
and
the
Connecticut
and
Jersey."
association also
states
and
and
states:
the
in
United
States
Canada that will adopt Day¬
light Saving time shows also that
the following countries will go on
time
saving schedule as fol¬
Austria, 1 hour beginning
April 14; Cuba, 1 hour from June
1 to Sept. 1; Egypt, 1 hour, May
to Sept. 1; Berlin (U. S. Zone) 1
hour beginning April
14: Great
Britain, 1 hour, April 14 to Oct.
7; Hongkong, 1 hour beginning
April 21; Hungary, 1 hour begin¬
a
lows:
Iceland,
March 31;
April
hour
je
1
15
October
to
1
12;
hour,
Italy,
1
beginning March 17; Ireland,
hour,
in effect
now
Oct.
until
6; New Zealand, xk hour all year
%
is
%
;
Island, all
County,
of
States
1946
14,
Dealers' Selling Rates
iff
round;
301
*158
157
The
—
Total Second District
196
190
ning
Palestine,
April
hour
1
Poland,
16;
begin¬
hour
1
following table, compiled by us, furnishes a record of the
volume of bankers' acceptances outstanding at the close of each
beginning
month since February 1943:
hour, April 6 to Oct. 6; Spain, 2
135
124
Rochester
Syracuse
Bridgeport
Westchester
entire
will
Feb.
298
ACCEPTANCES
'/2
180
Dec.
*126
City
$127,619,000
rfr
150
-1946-
,
Feb;
BANKERS
V2
120
100
1945
Total
$1,725,000
J/a
60
90
==
$53,367,000
Dealers' Buving Rates
30
seasonally adjusted index.
1935-39
including all of Long
of
ning
CURRENT
INDEXES OF DEPARTMENT STORE SALESt
Average monthly sales,
others
month
175
144
*179
144
155
307
bills
Feb.
Jan.
Dec.
137
Bales (average daily), unadjusted—
tSaies (average daily), seasonally adjusted—
Stocks, unadjusted
Stocks, seasonally adjusted
Own
-1946-
1945-
States
Daylight Saving time this
"The compilation of 1,200 cities
+ 10
Fed.
observe
ACCORDING TO NATURE OF CREDIT
+ 26
+ 13
yet been received
these
whether
to
New
$40,583,,000
Increase for year
as
The
*6
+
$126,269,000
nouncement has
1943—
""eb.
$
27
1944—
Feb.
127,062,000
Mar. 31
129,818.000
"Revised.
Mar. 31
1945—
$
29
28
31
Apr.
30——
May
129,358.000
——
$
Feb.
Mar.
134,772,000
31
—_
—_
April
hours,
126,269,000
1
127,512,000
116,825,000
April
13
the
hour
13;
Portugal,
Sept. 21
to
of
rest
Spanish Morocco,
1
the
hour
1
and
year;
begin¬
^indexes are based on total monthly sales; no adjustments made for differences in
the number of shopping days from month to month or for usual seasonal variations in
Aur.
30
128,350,000
Apr.
29
125,566,000
May
29
135,815,000
May 31
113,139,000
June 30
106,893,000
ning April 13; Syria, 1 hour, April
sales volume.
(une
30
139,846,000
June 30
111,675,000
July
July
31
110,250,000
July
31
138,692,000
Sept. 29
116,717.000
134,533,000
15
Aug.
31
130.244,000
Aug. 31
109,632,000
Dct.
134.592.000
REVISED INDEXES OF DEPARTMENT
-7
7;!v
7
j
STORE
SALES, SECOND RESERVE DISTRICT
100
tAdjusted for seasonal variations
Average daily sales,
1935-39
■=
Sept. 30
187
154
Sept. 30
114,883,000
Oct.
114,953,000
30
111.289 uOf
Nov.
30
Dec.
31
116.814.000
Dec.
30
31
120,497,000
Jan.
31
179
31
31.,
104,356,000
30
Dec.
31
___
154,349,000
Awarded in First
1946—
128,944.000
Jan.
31
166,352.000
Feb.
28
166,852,000
Quarter of 1946
1
Construction
Labor Dep't Retail Price
Index Up in December 1945
|f Retail
prices
services
of
commonly
moderate
-
income
and
goods
bought by
city workers
advanced 0.5% between mid-No¬
vember
and
mid-December
to
bring the consumers' price index
to its highest level since
the
spring of 1921. Higher prices for
all principal groups of items in
the family budget, except rent,
contributed to this rise, according
to the Bureau of Labor Statistics
of the U. S. Department of Labor.
The consumers' price index pub¬
lished by theBureau, for December
15,1945
was
129.9% of the 1935-39
average, and 31.7% higher than in
August 1939, the month preceding
W"-
the
outbreak of the
war
in
Eu-
rope.>
The Labor Dept. continued:
"For December, food costs
large cities
prices
rose
0.9%
as
in
higher
reported
were
for
all
groups except beverages.
Prices
of fresh fruits and
vegetables in¬
creased 3.6% due to advances to
apples, oranges, cabbhge, lettuce,
onions,
potatoes,
spinach,
and
eweetpotatoes.
The largest in¬
21% for sweetoota
creases Were
toes, which went
.
winter
ceiling
up under
prices
and
higher
small
supplies: and cabbage and soinach
up seasonally
spectively.
Were
which
15.
Construction Contracts
144,790,000
—
129,743,000
———
to October
128.035.000
Nov.
115,336,000
fSeasonal adjustment factors for 1944-1946 revised March, 1946.
,
31
Aug. 31
111,101,000
30
Nov.
Jan.
1945———
117,016,000
Oct.
156
151
138
—
Dec.
Mar.
v;Jan.
1944
___
by 14 and 11%,
After
removed,
re¬
price controls
orange
prices
usually drop during
this
time of the year, increased 4.5%
in December.
Prices of butter
and
peanut butter increased fur¬
ther by 0.6 and 5.8%, respectively,
between
cember
the
November
11,
13
and
De¬
primarily
reflecting
withdrawal
subsidies
of
for
these products on November 1.
"Average costs of clothing ad¬
vanced for the thirtieth consecu¬
tive month and
in
mid-December
November.
0.5% higher
than in mid-
were
Retailers
again re¬
ported that demand for men's
apparel far outstripped the quanti¬
ties
obtainable.:
pearance
of
low
Further
and
disap¬
medium-
priced clothing was reflected in
higher costs for topcoats, wool
suits, dress trousers, jackets,
sweaters, work clothing, business
shirts, pajamas, underwear, and
socks. Prices of heavy weight un¬
ion suits were higher due to in¬
creases allowed
by OPA to en¬
courage production.
Larger sup¬
plies pf preticketed garments re¬
sulted in somewhat lower prices
for women's rayon crepe dresses,
while the cost of moderate price
rayon prints and inexpensive cot¬
ton wash frocks advanced slightly.
Prices of rayon slips, gloves, and
girls' eoatg also
rose.
Prices of
footwear edged upward and costs
of s^oe repair services increased
moderately in six ,cities;
"PrVes of housefuroithings inrreaced
0 5%
Fi«*er nHoes
living
the
Over
w*+e
month.
rented
room, dining
bedroom
furniture,
room,
sofa
for
cook
stoves, dinnerware, blankets,
sheets, and towels. Miscellaneous
goods and services costs
as
costs of medical
care
rose
0.2%
Daylight Saving in U.S.
in the first
slightly
ber of
citiesr
"With
veterans
returning
from overseas, housing conditions
in most large cities are more crit¬
ical than at any time during the
war.
Rents for occupied dwell¬
ings have remained stable on the
war
however, since the last
survey/Slight increases were
reported in six cities while rents
average,
rent
decreased in
Between
eight cities surveyed.
June
and
December
rents declined 0.9% in Mobile and
0.3%
in
Savannah
and
Oregon, where there
Portland,
large
cutbacks in war production.
In
Scranton, where rents remained
stable'without rent control during
the war, there has been a gradual
rise during the past year, result¬
ing in a total increase, of 1.2%,
the largest reported during the
year for any of the large cities.
"Anthracite
price ceilings
ana
were
bituminous coal
In
our
April 25 issue,
reference
of
nouncement
serve
Bank
,
made
was
the
of
page 2231,
the an¬
reported
to
Federal
New
York
York
in
and
the
cities
Buffalo,
of
2
According
during
on
quarter of a year since 1928, and
world-wide
first
out the United States to about_the
during the
sum¬
134%
was
The gains
most
bituminous coal wcce^at the high*
est.
levels since
and
allowed
beds, Detroit."
1923.
consumers
A rebate
of gas in
the
$616,780,000.
•
in home building were
•
pronounced. Residential con¬
tracts involving new
alteration
buildings and
projects totaled $467,-
of 1941, the last pre-war year,
and will be obsered also in at
035,000 in the first quarter com¬
least 17
pared
mer
The
foreign nations.
report
to
released
date,
$65,779,000
with
in
the
corresponding quarter of last year.
Jefferson
The
Dodge
compilations showed •
Miley, Association Secretary,: in¬
that
67,115
dwelling
cludes
called for in the first quarter con-"
April
2-500
eral
25
by
only
(
Thomas
cities of
more than
United States it is noted is from
.saying:
•
units
were:
population. The most gen¬ tracts compared to 14.548 in the*
period of observance in the first quarter of last year. Nonresidential construction vol¬
Public
of
in
when the,
of 1945,
dollar volume totaled
-
anarter
those
than
greater
quarter
ume,
while
highest.
m.
were
1926.
the
was
dollar volume shown for the first
raiser? bv CPA 2:00 a. "m. Sunday, April 28, until
to meet the minimum profit mar¬
2:00 a. m. Sunday, Sept. 29.
gins previously assured producers.
Tli<§' 'announcement
from
the
In
December,
anthracite
prices
were the highest since the first
Association quotes the report as
of
This
industry.
New
now
as
W..
a
a.
to
extent
F.
fact-finding
organization for the construction
Commerce
same
by
23
that
being concluded by
and Industry As¬
sociation of New York, daylight
saving will be observed through¬
survey
the
April
on
Corporation,
Dodge
the
Sunday,
April 28, to Sunday, Sept. 29.
period from
Mountains
quarter of 1946, it was *
Re¬
"daylight saving time" would be
effective
were
$1,442,493,000 in the thirty-seven
states east of the Rocky
increased
in 20 cities; newspaper
prices increased in St. Louis, and
higher prices were reported for
cigars and pipe tobacco in a num¬
contracts
for 74,677 projects to cost
a wared
+^5*
"More towns ift Florida,
;
Vv®
Illinois,
comprising
reached
quarter against $588,612,000 in the
quarter
and
works
tracts totaled-
of last year.
of
utilities
1945.
con-
$258^48.000 against
Indiana, Pennsylvania anth^ome- [$162,389,000 in
what fewer towns in New York,
16.764 projects,
$718^10.000 in the first;
corresponding
the first quarter
4
y
year.
5,029,000
3
2
—
day in Buffalo.
OF
757,000
1
+
—
Apparel stores (chiefly New York City)
7 - The calendar month of February had the same number of shopping clays in both
1946 and 1945.
Stores in New York City were closed on Feb. 12, 1946.
Last year, the
number of shopping days varied among the individual cities because of the fuel short¬
age;^ Stores generally were closed five days in Elmira and Syracuse, four days in
Rochester and Schenectady, three days in Niagara Falls, two days in Binghamton and
INDEXES
1,611,000
+ 29
+24
one
8,780,000
985,000
Dallas
+ 26
+11
1 Buffalo
Kansas
1
2 San
+ 23
+25
+ 26
+14
+ 23
Western New York State
74,904,000
1,652,000
-
+ 37
+ 24
+ 26
Southern New York State
0
6
1
'
August. With the exception of
Winston-Salem,
N.
C.
no
an¬
12,223,000
Louis
14
+
—
STATES
92,996,000
Minneapolis
+
28
t
Missis-
1,647,000
Chicago
9
+ 63
+
7
g St.
of
Feb. 28, '45
5 Atlanta
4
States
$20,810,000
j.
+10
+ 10
+ 26
+ 22
+
.
16
+
+ 10
+
the
1941
Jan. 31, '46
5 Richmond
14
Time,
take their
may
184,000
+ 21
29
municipalities
A'
will
11,633,000
Cleveland
28
Standard
Eastern
observe
offices
$24,025,000
Philadelphia.
4
+
State
Feb. 28, '46
New York
3
+
all
Ohio,
but
time
state-wide basis unofficially.
a
In
Daylight
983,000
2
+ 11
+
on
observe
5,892,000
9
+ 10
26
will
also
1,637,000
+
28
27
-t
the State. Maine and Rhode Island
93,469,000
26
+
26
Hamp¬
j
$23,250,000
Boston
+
+
New
and
Massachusetts
ippi, North Carolina, and Virginia
went on Daylight Saving time the
latter
part of July or first of
DISTRICTS
\
t>
shire, Daylight Saving time will
be observed by law throughout
"In
OUTSTANDING—UNITED
ACCEPTANCES
Federal Reserve District—
1
+
Central New York State
Mohawk River Valley
DOLLAR
#1
ing in 15 towns this year.
"In
Connecticut, New Jersey,
report follows:
BY FEDERAL RESERVE
8
+
Poughkeepsie
Upper Hudson River Valley
BANKERS
the
choice.
year ago.
The Reserve Bank's
+
+
Xower Hudson River Valley.
shipments, domestic warehouse credits, dollar
exchanges, and those based on goods stored in or shipped between
foreign countries were higher, while in the yearly analysis all the
items except dollar exchange were higher in February, 1946, than a
Hand
on
+ 27
+ 27
New York City-;—-—
were
lower while domestic
Feb. 28,
1946
Jan.-Feb.
Feb.
comparison, imports and exports
throughout
will, observe Daylight Sav¬
year.
outstanding on Feb. 28,
increase of $500,000 from the Jan. 31
total, according to the monthly acceptance survey issued March 14 by
the Federal Reserve Bank of New York.
As compared with a year
ago, the Feb. 28 total represents a gain of $40,583,000.
the month-to-month
Time
Standard
The volume of bankers' dollar acceptances
preceding vear
-Net sales-
Department stores—
year.
MONTHLY ACCEPTANCE SURVEY
Percentage change from
Second District
on
amounted to $166,852,000, an
In
Daylight Saying this
Missouri,
previously on
will observe
Bankers Dollar
Department Store Sales in
>
Monday, May 6, 1946 •¥■
THE COMMERCIAL & FINANCIAL CHRONICLE
2490
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4487
Volume 163
2491
on
New York Stock Exch.
Money Plates Reported Empire Stale Association of Commerce To
The New York Stock Exchange
announced on April 10, that as
Given to Russia
Market Value of Bonds
of the close of business on March 30,
there were 977 bond issues, ag¬
the New York Stock
gregating $138,830,646,528 par value listed on
Exchange, with
with the figures as of February
pares
This com¬
total market value of $146,180,821,869.
a
28, of 978 bond issues, aggre¬
with a total market value of $146,-
gating $139,298,894,146 par value,
523,982,940.
classified by governmental
with the aggregate market value and average
following table listed bonds are
In the
and industrial groups
-Feb.
-March 20,1946-
OroupXJ
S.
V
<
Cities,
8.
Average
Average
106.02 130,071,045,587
129,685,329,590
etc.)
7,781,250
102.63
3,899,750
115.50
2,901,500
103.63
11,550,000
2,870,000
20,625,000
20,523,750
57,408,914
254,111,228
14,483,590
103.13
101.54
103.75
Chemical
20,550,000
102.75
20,523,750
105.25
49,725,746
102.47
253,604,004
105.61
equipment
Farm machinery
Financial
Food
Land and
14,798,230
94.56
8,717,575
realty
102.42
with
how
to
as
the Soviets might
contained in an ac¬
money
print
were
Washington that day
in
the
New
of
York
April 28,
plates were given the
by Henry Morgenthau, Jr., when he was Secretary
92.55
103.03
100.20
8,434,383,667
99.71
2,707,033
120.50
2,673,335
119.00
81,112,500
105.34
81,060,000
105.27
94.79
104.08
"With
this
19,892,913
103.42
19,825,685
103.07
236,576,-681
104.78
237,635,755
105.14
not
42,500,000
106.2fi
42,500,000
106.25
Tobacco
258,880,803
106.94
253,239,230
106.37
2,986,899,336
108.01
3,004,618,439
108.02
50,695,560
106.00
50,815,125
106.25
1,030,380,807
J112.84
1,031,382,258
112.66
merchandising
Rubber
Shipping services
Steel,
and coke
iron
104.61
electric
Gas and electric
(operating).
(holding)
—
Communications
utilities
Miscellaneous
O.
S.
Total
S.
U.
Foreign
Foreign
All
164,142,403
97.72
24,552,500
106.75
14,505,008,615
102.87
14,474,840,747
102.59
75.04
103.06
1,304,635,373
673,461,233
74.46
676,855,425
companies
102.52
105.29
146,523,962,940
105.19
companies
bonds—
The
following table, compiled by
of the total
son
114,803,202
97.5"i
106.50
115,267,535
abroad
businesses
government
listed
listed
on
83.91
84.25
24,495,000
1,313,628,239
oper.
163,781,635
146,180,821,869
companies
Miscellaneous
gives a two-year compari¬
us,
market value and the total average
price of bonds
Market Value
Average
$
S
Price
Market Value
Price
100.21
Mar. 31-
Mar. 31
95,713,288.544
100.32
Apr.
Apr: 29
95,305,318,075
93,849.254,814
100.31
May 31
100. (.2
June30__
June 30
96,235,324,054
100.53
July
July 31
102.284.657.208
102,328,885,992
102.017,012.414
100.71
Aug. 31
114,831,886,516
115,280,044,243
114,857,381,979
114,767,523,198
130,074,758,528
129,748,212,202
10D.74
Sep.
29
128,511,162,933
102.60
lon.fij
Oct.
31
128,741,461,162
103.16
101.801.493.498
100 71
"*ov. 30
129,156,430,709
103.28
101,377,604.946
100." 2
Dec.
143,110,515,509
103.64
112,620,708,662
101.35
Dec.
1
31
to
buy farms
tories and shops?
"Are
will
they printing
in
result
.
30
31
31
103.10
infla¬
The State Department does
tions.
102.49
ernment
in
has
Germany
Russians
Gov¬
asked
Military
much
how
money
the
distributed,
have
Reds have made
but
reply."
no
Jan.
31
31
114,019.500.804
'01.91
Feb.
28
146,523,982,940
105.19
Feb.
28-
114,881,605,628
102.58
Mar. 30
146,180,821,869
104.75
104.75
that he withdrew the nomination reluctantly.
The
came after six weeks of controversy, climaxed by
President's action
the resignation of
Secretary of the Interior Harold L. Ickes, who had been critical of the
nomination, and only after Mr.<S>
Pauley's own request
that his the Senate also expressed ap¬
be
the
told
Jiis
name
Pauley
that
President
although
had been cleared, during
Affairs
Naval
Senate
the
Mr.
withdrawn.
mittee hearings
Com¬
the nomina¬
on
probation
Mr.
of
its
Pauley,
Chairman,
Senator Walsh
(D.Mass.), commending "his patriotic
action in requesting the President
withdraw
to
nomination."
his
services
his
being
of the
fullest
value either to the Presdient him¬
self
or
to the Navy. To
Truman
which Mr.
replied, in part, accord¬
ing to the Associated Press in its
Washington release
respondence:
of
the
cor¬
tee,
assures
Mr. Pauley
in closing
these hearings that they have no
doubt regarding his personal in¬
,
tegrity and administrative com¬
petence. Mr. Pauley has stated,
and
not
believe
we
seek
this
him, that he did
position,
and
also,
I
appreciate the motives which that he is entitled to have his
prompt your request for the with¬ name cleared of any charge made
drawal of my nomination of you against him. It should be noted
as
Under Secretary of the Navy.
When that
nomination, unsought
that
the
with facts and you
answered prejudice with a com¬
and
plete
shows
that
no
witness attempted to
by you, was challenged, you met ability
the challenge
record
or
criticize his
integrity while serving
in high public office before Pearl
Harbor and during his most dif¬
forthright resume of ficult assignment on German and
and with an amazing Japanese ee^afatioiis."
Mr; Pauley was nominated on
under continued mis¬
your career
patience
Jan. 13 by President Truman to
representation. . . .
My faith in your integrity and fee Under-Secretary of the Navy
ability
Both
has
been
strengthened.
the
fight that you have
to succeed Artemus L.
resigned to
resume
nections
New
waged, and your request for with¬
drawal now, have been made in
of
good grace and with true Amer¬
Alabama
ican
sportsmanship.
will
know,
in
more
The nation
temperate
times, the full worth of your
devoted and patriotic services.
The Naval Affairs Committee of
'T-:5
:»)T
■00
Indiana,
been
the
Mr.
in
a
in
Gates, who
business con¬
York.
A
native
Pauley lived in
his youth but has
Mr.
resident of California for
past
25
years.
In early life
Pauley went into the oil busi¬
ness,
beginning at the bottom.
Chamber's
United
position
have
We
was
joined. $10,117,658;
since
Chamber
States
of
decision
The
United
the
called Bank of Japan case
the
before
the sopending
according
Clark,
which further
He said in
about
Washington,
reported:
statement that this
a
will
action
Associated
to
accounts from
Press
result
of
release
in
$17,000*000 for the payment
hama
of
creditors
of-American
Specie
Yoko¬
permit
and
Bank
payment in full to American cred¬
bank's
the
of
itors
York
New
branch.
repairs and modern¬
in a far better position to take
advantage of the services offered
by that body and to lend our
strong support to that organization
ization totaled $202,772, and all
others amounted to J$468,55LV
without
capital
our
in
any
"It is estimated that total share
diminishing
way
effectiveness.
own
1943
spokes¬
Department
said the suit
man
was
instituted in
Department on be¬
half of the Alien Property Cus¬
on
the
by
obligation
alleged
an
branch
bank
of
Bank
to
the
of
Japan,
whose assets had been taken over
by the custodian.
associations
tiie
in
$6,384,862 dur¬
1946, which "is a
"During the same year, at the
suggestion of our members, Win-
ing
February,
1%
increase for the month.
throp W. Aldrich and Philip Reed,
Januorv and February, 1946. there
is a total increase of $16,645,008,
Chamber
affiliated
became
representing
Period.
with the United States Associates
of
of
i
Commerce, and we happened to be
in a position to act as host to the
)
the
Chamber
International
Jt
J
For
4.1% increase for
a
"Total assets of all associations
in the State had reached: the esti¬
Executive Council of the Interna¬
mated
tional
the end of February, 1946, com¬
pared with $709,323,130 at Jan.
Chamber
in
York
New
its
at
meetings
in
December
31
1945.
projects, we have, during the past
year, been active in seeking the
coordination of efforts on the part
has
association
new
been
volume
and
of
$738,155,244 Jit
$700,720,912
at
Dec.
31,
1945."
"Finally, and I believe this to
be the most
important of our
Hoover Tells of Food
Conditions m^rbpe
V.
or-
Herbert
Hoover, in continuing
*
-
A
_
p.Ll fLjS nStfL
l^S+in
counf
i
of
York
New
State,
the
under
S?.
'
gressij& Tt
i
•
^
Brussels
.
,
"We have disc aimed any desire
to
.
of
end
March,
Chamber of Commerce Presidents
stated
for discussion of the
appeared
the meeting which was
the
organization
and
a
was
committee
The
President, at a news conference, declared, "The Belgians
are
WOrking harder than any other
western • European nation.
For
continued recovery, it is solely a
question of keeping supplies flowing into Belgian ports."
At the
dominant position
in the development of this movement, but we have been able to
lend our good offices toward mtegrating this project.
In June of
1945,
your
President was requested to
call
a
meeting of
subject.
advice^ from'
Press
on April 8 stated.
former
any
occupy
nSf
a
rommSire State AsS0ClatKm °f i Associated
At
from
Mr.
Hoover
had
Warsaw that Poland
be
to
the
European
country hardest hit by the war's
convened,
discussed
effects.
was
appointed) The head of President Trudraft the nec- . man's touring Food Commission
essary papers for the foundation expressed j the opinion in London
of the organization.
Other meet- on April g the Associated Press
ings were held and more than 401
'
different Chambers of Commerce a^vised, that if the under-fed nathroughout the State approved on , tions
could survive until the
February 13, 1946, a Certificate of autumn harvest the general world
Incorporation for filing with the fO0(j situation would be considerSecretary of State of New York, j hl
the
decision to
suit
this
discontinue
had
been
.
,
This
has
certificate
been
duly (
It is believed that nothing
be more effective with respect
being.
can
.
ased.
Netherlands
]
business
organizations than this coenterprise, which can
make its views effective before
expects
cigvia
organizations of
the State and with respect to the,
various businesses suppor ting
j
the
,,
Til®_
which went from Belgium to the
Empire State Association of Commerce is actually in
filed and the
to
said
Clark
Mr.
of
State increased by
which proceeded to
Justice
A
loans were retotal of $1,235,511;
a
139 loans for
are
Su¬
State
York
New
302
financed for
and
eration of Chambers of Commerce
charges
the
the
the
A
Walsh's
which had Senator
statement,
as todian to determine whether funds
been directed against him, he felt authorized by his committee, said
in the New York branch belonged
that the "current hysteria that has further, according to the Asso¬
to Bank of Japan, an agency of
been engendered
the Japanese government located
by these mis¬ ciated Press:
"The majority of the commit¬
in the United States. It was based
representations"
would prevent
of
tion,
"Of- the Idans made^urihg Fdb*
ruary, 1946, it is estimated that
95 were for construction of homes,
totaling $618,944; 2,225 were foi:
the purchase of homes, totaling
to the front for further discussion
reversed.
.
t
take member¬
ganized, which is in effect a fed-
Court, was announced on
April 19, by Attorney General Tom
The nomintion of Edwin W. Pauley, California oil man, to be
Under-Secretary of the Navy, was withdrawn on Mar. 13 by Presi¬
dent Truman, who expressed full confidence in Mr. Pauley and said
said:
ship in the Chamber of Commerce
of the United States was brought
and
an-
nouncement issued March 25 also
,
throughout the State of New York, j
preme
Pauley's Name Withdrawn from Naval Assignm't
jthis record, since 1936. | The
of various Chambers of Commerce
US Drops Action in
Bank of Japan Base
States Government to drop
Jan.
name
40
are .members
.
held
answers.
American
103.45
102.97
145,555.685.231
than
»■
announced that total estimated
loans for the 243 associations in
leading the
State
during
the
month
of
As* Reached "2,964 totaling $12,643^4
sociation, which was incorporated 436, as compared with a total-of
in February.
.
' i 1,326 loans made during FebruIn his remarks incident to the ary, 1945, for a grand total of $5,formation of the new Association 184,000.
In dollar volume, only
Mr. Lincoln had the following to J two previous months have topped
Chambers
J
"The War Department does not
know the answers to these ques¬
103.01
1946—
1945—
More
ernor.
our
much it
so
German
a
fac¬
and
tion?
they
102.53
96.837.573.171
30
Russians
money to
munists
the
I
$
1945—
1944—
Feb.- 29—
NOV,
the
using the
finance the Com¬
munist party in Germany, giving
it to Germans who will support
Red policies or to German Com¬
same
"The
Average
Aug. 31
flep. 30
Oct. 31——:-!—
verted and returned to Russia.
not know the
the Exchange:
May 31
mark of this may be con¬
one
"Are
Utilities:
Gas and
present them effectively before the Legislature and the Gov-
of the Chamber to
Textiles
Retail
the business interests of the stated
and
say:
Treasury shortly before the
Germany.
"The money they produced is
now legal tender in all occupation
zones of Germany.
105.82
8,474,549,431
j
of a federation of chambers of commerce, known as the
Empire State Association of Commerce, to coordinate the views of
"In
March
of
1945, a longstanding unwillingness on the part
printing press
money—not backed by a single
ruble—the
Russians are pyaing
occupation expenses in Germany
Railroad
ization
invasion of
102.73
103.8'.
Petroleum
present, at the 177th Anniversary Banquet of the Chamber on March
5, Leroy A. Lincoln, President, disclosed for the first time the organ¬
of the
105.25
34,106,963
95.82
restrictions
no
"These
526,194,062
62,866,551
the
Communists
102.50
8,642,534
63,211,730
44,185,784
503.915,618
Machinery and metals.
Mining (excluding iron)
Paper and publishing
that
which further stated:
102.63
116.00
7,781,250
Automobile
Aviation
effect
Journal American"
103.75
3,899,750
11,600,000
Amusement
the
to
published
105.94
companies:
electrical
Advices
Treasury
Department
admitted
officially on April 27 that it gave
Russia
duplicates
of
currency
plates used for printing Allied
military currency for Germany
count from
Price
Market Value
Price
Market Value
Y.
N.
Unci.
Government
State,
28,1946-
In reviewing the activities of the Chamber of Commerce of the
State of New York during his administration from May, 1944 to the
By U. S. Treasury
much
price for each:
Coordinate Views of Business Interests of State
■A
Denmark,
and
visit
to
Austria,
Grepocp
also
Yugo-
Tnrfia
Kpfnrp
slavia, Greence and India before
returning with its report to the
United States.
.
those
reached "because further prosecu¬
tion, even if
be
successful,'^vould
rewarding
financially
in
Statees
United
view
not
to
the
of
the
"significant
ernor
*on
matters
heretofore,
great expense involved."
A
ordinated
portion", of the
It «xpSoneen
funds still will remain under con¬
of
trol
the
Alien
as
to
separate,
which.
solitary
the branch
after domestic
tors have been
The
New
of
tendent
the
suit
wind
up
branch
of
the
assets
of
credi¬
State
Banks, against whom
was
the
under
directed,
Loans
savings
Superin¬
can
liquidation
of
now
thf
•
-
.
The
Up in February
and
loans
loan
made
by
all
associations
in
February,
1946,
were
140% above those
made in February, 1945, accord¬
New York State during
ing
to Zebulon
V. Woodward.
Executive Vice-President of the
supervision of the New York State League of S»v-
custodian, Mr. Clark added.
| Ambassador to Iran
of
dor to Iran
Mortgage
paid.
York
a«
George
V.
Allen of Maryland to be Ambassa¬
todian, Mr. Clark said, because he
most
AIIan
the only raedium Confirmed by Senate |
nomination
Property Cus¬
will retain
IIaimihaISaii
IvOlulNtfllOIl Oi AII6EI 2S
ings and Loan Associations.
U.
S.
was
Senate
nomination
confirmed by the
on
was
April
sent to
22.
The
the Sen¬
ate
by President Truman
17.
Mr. Allen, before his present
appointment,
as
of
had
been
on
April
serving
Deputy Director of the Office
*
Near
Affairs,
It is State.
Eastern: and
of
the
/African
Department"; of
2492
VPs
THE COMMERCIAL & FINANCIAL CHRONICLE
■
HI;
;
Stale aiid City
^
r
.
W^;M>
■
,
Monday, May 6, 1946
Department
-
i|
BOND PROPOSALS AND NEGOTIATIONS
bonds bid for.
ARIZONA
ceived
Maricopa County, .Ariz.
Bonds Called—James
Lind¬
E.
say, County Treasurer, has
nounceed that highway bonds
?
an-
Nos.
3101 to 4000, dated June 15, 1919,
and Nos. 6801 to 85,000, dated Jan.
15, 1921, are called for payment
June
on
thereof
bonds
at the
will
face
Said
15.
redeemed
amount
interest
accrued
and
be
thereon to date called. Said bonds
must be surrendered on redemp¬
date
tion
(with all interest cou¬
pons maturing subsequent to said
redemption date) at the State
Treasurer's office, Phoenix, for
payment and cancellation. Interest
Prescott, Ariz.
Bond Offering—It is announced
toy William T. Brooks, State Trea¬
that sealed proposals will be
received by the State Loan Com¬
Bids will
be
bidder submits
a proposal to pur¬
portion of said bonds, the
shall
designate specifically
chase
bid
a
the bonds bid for.
All bonds sold
bidder bidding for a portion
of said bonds shall bear the same
to
a
rate of
interest, and bids for
vary¬
ing rates of interest for the
same
block
portion of said bonds
rejected.
Enclose a certi¬
or
will be
fied check for 10%
bid
for,
payable
of the bonds
the
to
office
his
at
in
Capital Building, at the City of
Phoenix, Ariz., at not later than
5 p. m. on June 5, for the pur¬
chase of $569,000 refunding bonds,
on behalf of the city. Interest rate
is not to exceed 3%, payable J—J.
Denomination $1,000. Due Jan. 15,
as follows: $23,000 in 1947, $24,000
in 1948, $23,000 in 1949, $24,000 in
1950, $23,000 in 1951, $24,000 in
1952, $23,000 in 1953 $24,000 in
1954, $23,000 in 1955, $24,000 in
1956, $23,000 in 1957, $24,000 in
1958, $23,000 in 1959, $24,000 in
1960, $23,000 in 1961, $24,000 in
1962, $23,000 in 1963, $24,000 in
1964, $23,000 in 1965, $24,000 in
1966, $23,000 in 1967, $24,000 in
1968, $23,000 in 1969, $24,000 in
1970, and $5,000 in 1971.
At the time and place above
indicated, or at a later time, the
State
Commissioners
Loan
their
at
usual
will
of
meeting within said Capitol Build¬
ing for the purpose of considering
all bids received for the purchase
convene
said
of
bonds
and
action thereon
as
to
may
place
take
such
be deemed
advisable. All bids must state the
rate of interest to be
.
paid. No bid
for the purchase of said bonds at
a price of less than the par value
thereof will be considered and all
bids
certified
on a
be
must
or
accompanied by
a
cashier's check drawn
member bank of the Federal
Reserve
System in an amount
equal to 5% of the total par value
said
of
bonds, said check to be
drawn payable to the order of the
State Treasurer. The certified
cashier's
bidder
check
shall
the
of
be
successful
retained
by the
State Loan Commissioners
applied
upon
of
bonds
said
feited
in
the
or
to
be
the purchase price
and
event
shall
be
such
for¬
bidder
does not take up and pay for said
bonds immediately upon their is¬
suance
and
delivery to such bid¬
der. The State Loan Commission¬
ers reserve
the right to reject any
and all bids received. Delivery of
the bonds shall.be made at the
office of the
Habra,
Bonds Voted
the
Treasurer, in
Capitol Building, at the City
Calif.
At
—
election
an
April 10 the voters ap¬
proved, by a count of 293 to 133,
the issuance of $20,000 park pur¬
chase bonds, according to A. C.
Earley, City Clerk.
:
CALIFORNIA
County, McFarland Union
Elementary Sch. Dist (P. O.
Bakersfield), Calif.
Bond Ofering — R. J. Veon,
.
County Clerk, will receive sealed
bids until 11
a. m. on May 20 for
purchase of $90,000 school
bonds, not exceeding 5% interest.
the
Dated
April 15, 1946. Denom.
$1,000. c Due $18,000 in 1947 to
1951. Principal and interest
pay¬
able at the County Treasurer's of¬
fice.
The
bonds
will be
sold
for
cash only, and at not less than par
arid accrued interest.
Each bid
must state that the bidder offers
parj
Los
Angeles County, Gorman
Sch. Dist., Calif.
Bond Sale—The $20,000 school
bonds
held
authorized
and accrued
the
at
election
Nov.
30,
1945,
were
recently to Weeden &
Co., of Los Angeles, as l%s, at a
price of 100.40. The next highest
on
awarded
bidder
the First State Bank,
was
Rosemead, for 13/4S, at
price of
a
100.20.
interest to the
date of delivery,^ and state sepa¬
rately the rvemium. if any, and the
of interest offered; tor the
;rate
bonds,
Los
interest
to
date of delivery of said bonds.
Payment for and delivery of said
bonds shall be made in the County
proved
check
for
3%
bonds.
a
bids
until
purchase
bonds
10
May 1, 1946. Due
$1,000 in
$2,000 in
1, as follows:
1948 and 1949, and
1950
to
Angeles
County, Wiseburn
School District (P. O.
Los Angeles), Calif.
1958.
Denomination
of
rate
for
interest,
less
May 7 for
the purchase of $200,000 school
bonds, not execeeding 5% interest.
Dated
May 1, 1946.
Denom.
$1,000. Due May 1, as follows:
$10,000 in 1948 to 1952, and $15,in
000
1953
to
terest to be in
than
and
the
any
entire
the
at
of
the
Board fo
San
of
the
accrued
bidder
interest
offers
to the
par
date
delivery and state separately
premium, if any, and the rate
of interest
each
issue,
of
the
Dist.
follows: $7,000 in 1948
to 1951, $8,000 in 1952 to
1954,
$9,000 in 1955 to 1958, $10,000 in
as
bonds, in the opinion of counsel,
valid and legally binding obli¬
gations of the District, payable
unlimited ad valorem taxes
levied
against all the taxable
property therein.
The proceeds
this
issue
the
Bank
of
America
National
Trust
a
& Savings Association, of
Francisco, at a price of 100.14,
net
interest cost
of 1.405%, as
$20,000
maturing
$5,000 on May 1, 1947 to 1950 as
5s, and $83,000 maturing May 1,
$5,000 in 1951 to 1966, and $3,000
in
1967 as
IV4S. Interest M-N.
follows:
will
be
used
to
a sewage col¬
lection system which will be tied
in with the Colorado Springs sew¬
age
disposal system.
proved
Legality ap¬
by Pershing, Bosworth,
Dawson, of Denver.
Municipal Bond Market Devel¬
opments—The
ments
issue
are
of
following
taken
from
the
the
monthly
bulletin
by A. B. Morrison &
Co., Congress Building, Miami,
dealers in municipal securities:
The
bond
market has
shown
a
somewhat mixed tendency duriing
the last thirty days. While prices
are
still
strong, there has devel¬
considerable differences of
opinion
1947
to be more selective and investors
bid
for
less
interest,
than
and
the
amount of said bonds
or
any
.entire
for vary¬
ing rates of interest will be re¬
jected. Enclose a certified check
for 3% of the bonds bid
able
to
for, pay¬
Chairman, Board of
the
Angeles County Sanitation
Angeles),
California
—
The
oped
on new
issues, judging by
bids submitted. The market
seems
not
reaching for all bonds as
as they did, though cer¬
tainly new offerings show no les¬
sening in asking prices.
Bonds
selling at discounts or close to par
are
eagerly
have moved readily and the mar¬
ket is pretty clean of that type of
Petaluma, Calif.
Bond Sale
Los
next
highest
bidder
was
the
Pajaro Valley
Savings Bank, Watsonville, for
$95,000 IV2S, and $8,000 l^s, at a
price of 100.04, a net interest cost
of 1.458%.
Supervisors.
Dist. No. 8 (P. O. Los
The
$420,000
mu¬
bond.
nicipal improvement of 1945 bonds
Miami
voted
overwhelmingly
offered for sale on May 1—v.
163, for the sewer and sidewalk bonds
p.
2058—
were
awarded
to
After the primary on
May 7 we
a better idea of the cali¬
will have
ber
of
the
1947
is
who will constitute
Florida Legislature. As
when times are
good,1
men
usual
there
has
been
that
we
have
savoring
If
put
of
two
the
even
should have
constitution.
little
very
by
candidates
radicalism.
One or
of
mentioned
a
State
new
could get that
we
and
Gulf port, Fla.
Bond Tenders Invited — Holders
of 1-5% refunding
bonds, issue of
1, 1939, maturing Feb 1, 1975,
Feb.
invited to submit sealed ten¬
ders to the Union Trust
Company,
are
Sinking Fund Trustee, St. Peters¬
burg 2, Florida, on or before H
a.m.
(EST), on May 29, for the
sale of said bonds for
cancellation
through the Town Sinking Fund,
which now has $10,000 on hand
for
that
purpose. Tenders
must
the bonds tendered
by
and
denomination
and
price at which they
offered.
are
No
for
tenders
each
in
excess
$100.00
face
of $93.00'
value
of
bonds, flat, will be considered.
published
May 1, 1946. Denomination
$1,000. These bonds are due from
1967.
goes off theH
rolls because of the homestead
exemption and the citizen is pay- 4
ing it in increased prices on the
things he buys.
com¬
April
single rate
to
meantime,]
tax
must state the
offered for the bonds
bid for. Each bid shall be for the
entire amount of said bonds at a
of
the
describe
for
Dated
In
tax.
number
FLORIDA
$103,000 school
163, 2204—were awarded to
utility
1965.
Florida (State of)
May 1
a
absolutely prohibit special
1963, and $11,000 in 1964
acts by the
Legislature, Florida
Principal and interest
would have made a
long stride
payable at the Exchange National
forward.
Bank, Colorado Springs.
These
1959 to
and
Dick &
on
to
profess to
who oppose the sales
tax do not realize
they are paying
for it in increased
rents, as more
and more property
candiates
1,
(P. O.
sale
the next
a
Oct.
Salinas), Calif.
and at not less than par and ac¬
crued interest.
Each bid must
and
for
Chairman
Supervisors.
Sch.
—v.
the
bid
the
opposed
light by mail
shopping for them in
city which does not have*
forth
Monterey County, Alisal Union
Principal and interest pay¬
able at the County Treasury. The
bonds will be sold for cash only
that
Treasury.
certified check for 3%
a
bonds
Bond Sale—The
1%.
state
County
bonds offered for
of
$160,purchased
& Co., of
construct and install
able
so
do not
do your
Denver, as 1.40s, at a price of
100.62, a basis of about 1.34%.
Dated
April
1,
1946.
Denom.
$1,000.
These bonds are due on
from
in¬
Rate
was
Sullivan
by
jected. Principal and interest pay¬
multiples of % of
1962.
bonds
sewage
recently
bonds, or for vary¬
ing rates of interest will be re¬
payable to
on
000
from
bid
are
we
can't buy water and
or
Springs), Colo.
single
bids until
m.
County, Ivy wild Sanitation
(P. O. Colorado
District
are
Enclose
a.
El Paso
$1,000. Each bid
shall be for the entire amount of
said bonds of each issue
at a
Bond Offering—J. F. Moroney,
County Clerk, will receive sealed
10
price of 100.28.
Bonds Sold—An issue of
$450,000 San Marino City School
District bonds, to bear not ex¬
ceeding 5% interest. Dated
June 1, 1946. Due June 1, as
follows: $35,000 in 1947 and
1948, $40,000 in 1949 and 1950,
and $50,000 in 1959 to 1956.
20,000 Gorman School District
bonds, not exceeding 5% in¬
whole
a
election! know. A tax on utilities may be^
Legality ap¬ the solution for the cities. You
100.625.
Moroney,
amounting to $470,000:
May
a
as
| sales tax
the
system bonds amounting to $160,000 was sold recently at a price of
on
of
bonds
merchants
June 5, for
the
following
a.m.
County
Said
Colorado Springs, Colo.
Bonds Sold—An issue of sewer
County Clerk, will receive sealed
the
at
on
Co., for lV2s, at
Angeles County Sch. Dist.
(P. O. Los Angeles), Calif.
F.
the
at
office,
April 2.
by Pershing, Bos worth,
Dick & Dawson, of Denver. The
next highest bidder was Otis &
prin¬
amount of said
Los
held
Los
Bond Offering—J.
payable
authorized
were
certi¬
the
of
interest
cipal amount of the bonds bid for
payable to the District.
Bond
Election—It is stated by
Douglass, Bond Clerk, that
an election will be held on
May 17
to have the voters pass on the
issuance of $300,000 construction
of
Treasurer's
Angeles),
Leda
date
validity of the bonds will be fur¬
nished by the District to the suc¬
cessful bidder at or prior to the
Angeles County, La Canada
Sch. Dist. (P. O. Los
California
money must be found but what
Inc., Northern Trust Co., of Chi¬ source is the question. Whatever*
cago, and Amos C. Sudler & Co., is suggested finds objection from
of Denver, as 1V4S, at a price of some part of the population.
The*
100.599, a basis of about 1.18%. sales tax, labelled as such appears
Dated May 1, 1946. Denom. $1,000. to be out, judging by the
oppo-t
These bonds are due on Nov. 1, sition already voiced by the State
Tax Committee.
from 1947 to 1962.
Principal and
Why Floridians
for less than par
or
accrued
terest. Dated
Bonds will be purchased
by the
to the ex¬
Sinking Fund Trustee
tent
funds
are
available
ning with those tendered
lowest
the
at
price. If tenders received
at the same
available
such
begin¬
price exceed the funds
in
the
tenders will
order
of
funds
are
their
Sinking
Funda
be
accepted irc
receipt until the
exhausted.
Notice of acceptance of tenders
will be given
promptly. Accepted
bonds
with
due Aug.
coupon
1946, and subsequent
coupons
1,
at¬
tached must be delivered to the
Union Trust Co., for payment.
The Trustee reserves the
any
right
and all tenders and
to waive any
irregularities in said
to
reject
tenders.
the
mentioned in our last bulletin,
Haines City, Fla.
despite the fact that a large num¬
Report on Debt Refunding Pro¬
Savings Association, of San ber of freeholders in favor of the gram—This city, during the later
tors will receive sealed bids until
Francisco, as l%s. Dated June 1, project, were unable to cast bal¬ half of 1945, invited proposals to
2:30 p.m. on May 8, for the pur¬ 1946. Denomination
$1,00. These lots due to misunderstanding re¬ refund its indebtedness which was
chase of $238,000 sewer bonds, to bonds are due on June
1, from garding registration. Our of 26,- outstanding Nov. 1, 1945, aggre¬
bear not exceeding 6% interest. 1947 to 1965. Interest
payable J-D. 373 eligible freeholders, approxi¬ gating $686,000, due April 1, 1968,
Dated June 1, 1945. Denomination The next highest bidder was the
mately 74V2% voted and of that and bearing interest at 3% until
$1,000. Due June 1, as follows: American Trust Co., San Fran¬ amount only
were against April 1, 1948, when the interest
$9,000 in 1946 and 1947, and $10,- cisco.
the sewer bonds. The newspapers, rate increased to 4% and on
April
000 in 1948 to 1969. Rate or rates
radib; schools and various organ- 1, 1953, increased to 5%, accord¬
Santa Ana, Calif.
to be in multiples of *4 of 1%.
finl*
ing to Florida news dispatches.
Bond Offering
—
A. S.
Soule,
Secretary of the Board of Direc¬
Kern
and
posed of Harriman Ripley & Co.,
delivery, will be considered. The
opinion of O'Melveney & Myers,
of Los Angeles,
approving the
on
State
of Phoenix, Ariz.
of the
fied
La
the
Safety Code of the
State, being Sections 4700 to 4856,
inclusive). No bid for less than all
County Treasurer's office. Enclose
Clerk.
surer,
missioners
the Health and
re¬
or
any portion of
In the event that the
said bonds.
held
date called.
ceases on
for all
*»
.tf.s
Bank
of America
National
Trust
&
Bond Offering — Erma Keeler,
City 1 Clerk, will receive sealed
public 'tb y6t&>' Tlife^ Success:
shall bear more than one interest bids until May 13, for the pur¬ Miami
'kiigfers wbll fof the county
chase of $1,500,000 storm drain
rate. Principal and interest
issues' to be voted on May 7.
pay¬
and construction bonds, author¬
able at the County Treasurer's
The increase in pay granted city
office, or at the National City ized at the election held on Apr. 9.
employees to meet increased cost
No
bidders shall
one
interest
bid
rate
more
and
no
than
bond
Bank, New York. Said bonds
unsold
issue
balance
of
of
$960,000,
an
are
authorized
voted
at
a
COLORADO
Arapahoe County Sch. Dist. No. 1
The
best proposal was submitted
by Sullivan, Nelson & Goss, Inc.,
West Palm Beach, and D. E.
Arries & Company, of Tampa, and
a refunding contract was
entered
of
into with these firms.
of living is forcing new problems
on the cities, already hard put to
of
it for
were
Refunding bonds in the amount
$670,000, bearing 3% interest,
ooerating money. Miami is
issued, of which $430,000
typical example where employee mature serially until 1969 and
pay increase requires funds far i $240,000 term bonds due in I960
Act bonds offered for sale
recently in excess of present available revcapable, at .the notion of the
Part 3, Division Vt: of were awarded 10 a syndicate com¬ enues.
A~ new source of
tax?;$jy .prip? to
special election
held on April
2,
1929. and are issued
pursuant to
the County Sanitation District
(Chapteri3,
__
(P. O. Englewond>. Colo.
Bond Sale—The
a
$525,000 school
,
matui:|tj^"
A'v'
•
;
t
.
;
e.'
*V: rrreu
7!
"'
Volume
THE-COMM^
Number 4487
163
H:;
During the period from Nov. 1,
5945, to April 1, 1946, the bonded
Administration
•debt of the City has been reduced
pervision and issue bonds backed
bank to the
from $686,000 to $670,000.
Under the original refunding
agreement of 1938 it was provided
by the County property taxes to
Guaranty
City.
that
in
the
of
event
default
by
the
City the interest rate should
revert to 6%, but the present re¬
A?
funding agreement does not
tain this provision.
Under
the
present
agreement
* set up
a
reserve
con¬
taxes,
to
be
used,
Compared with the terms of the
refunding
best
time it
plan,
deal
which
obtainable
was
the
at
made, the present plan
means
a
big saving in interest
during the period for which the
bonds are issued.
The interest
was
rate, remaining at an average of
3%, while the first refunding
bonds increased every five years,
and figuring on normal reduction
of the debt over the period of
years the
resents a
bonds were to
saving above
present refund
the
run, rep¬
the cost
of over
$222,000.
Refunding
Completed
Sul¬
—
livan, Nelson & Goss, Inc., of West
Palm Beach, and D. E. Arries &
of Tampa, have completed
the
refunding
of
the
$670,000
3-5% outstanding bonds for a like
bonds.
^
$138,000 it advanced without
No. 2
of school bonds amounting to
$1,000,000 will be submitted to the
voters
at
an
election
to
held
be
Within the next 40 days.
amounting to $600,000, of¬
for
sale
recently
were
awarded
to
the
Trust
Co.,
of
bonds
series
F, coupon semi-annually refund¬
ing bonds offered for sale on April
29-v. 163, p. 2205—were awarded
to Otis & Co., of Chicago, bear¬
ing interest at 3 V2 %, to and ineluding Nov. 1, 1955, and there¬
after at 2%%, offering a price of
basis of about 2.765%.
Dated May 1, 1945. Denomination
$1,000. These bonds are due on
May 1, 1981. The only other bid¬
der was the Municipal Bond &
Investment Co., Memphis, at a
106.07,
a
price of 105.70.
(P. O. Sarasota)
Florida
Obligations
of
Board
known
is
to
—
Although
Administra¬
have
declined
to take over a debt of
$150,000 which the above county
to R. E. Crummer & Com¬
again
owes
pany, it is said that the Board has
expressed informally its willing¬
to
ness
assume
supervision
of
of the sum owed. This
action is reported to have eventu¬
$138,000
ated
after
the
the
Board, John T. Wigginton,
State
asserted
State
he
agency
did
25,000 library building bonds.
155,000 sewerage and drainage
system bonds.
The
Supreme
Court affirmed
the validity of the above bonds on
associates.
and
Attorney
not
for
believe
the
could be compelled
B.
Upham,
a
the
that
date
of
Offering—R.
Upham,
B.
City Controller, will receive sealed
bids until 11 a.m. (DST) on May
the
for
purchase of $2,500,000
of
system revenue cer¬
indebtedness,
not ex¬
Denomination
1946.
certificates
These
are
$1,000.
due
$500,-
000 June
1, 1962 to 1966. Rate of
interest to be in
multiples of xk
1%.
Certificates
will
be
the acceptable bidder
to
Federal Court judgment
it $168,000
principal and interest for a cash
advance it made to the County in
1941, when refunding bonds to
refinance about $5,000,000 worth
of debts failed to bring a price
sufficient
to
retire
outstanding
Jan.
offering the lowest rate of inter¬
est and not less than par and ac¬
Jan.
1, 1947. Denomina¬
tion $1,000.
Principal and inter¬
est
payable at the City Treas¬
urer's office
fiscal
or
agent
at the office of the
in New
of the City
Warrants
Called
J.
—
Mc-
B.
Cahey, President of the Board of
Education, calls for payment on
tax anti¬
April 6, the following
cipation warrants:
Educational
Playground Fund,
1945, Nos.
P-37, P-61, dated Jan. 25, 1945.
Free Text Book Fund, 1945, Nos.
48 to
J-79, dated Jan. 25, 1945.
Holders of these warrants were
required to present them to the
Board of Education, City of Chic¬
bid
the
be
bids
more
ing
specifying the lowest
interest, and if two or
of
rate
basis
the
submitted
are
the
terest,
specify¬
of in¬
naming
such
lowest
same
bid
rate
rate of interest and offer¬
lowest
ing the largest amount of prem¬
ium shall
be
accepted. No bid
will
offer
that
considered
be
to
purchase
does
the
not
entire
conform
to
the
specifications set
notice
the
in
of
sale.
Prin¬
cipal and interest payable at the
City Treasurer's office, or at the
of
office
the
fiscal
City in New York City. The
tificates
form
issued
are
and
in
cer¬
coupon
registerable
are
the
of
agent
as
to
principal in the office of the City
Comptroller. The certificates are
payable solely from revenue de¬
rived from operation of the water
works system, and are issued in
accordance with ordinance
passed
by the City Council. April 5, 1946,
as
authorized by Act of the
General Assembly of the State,
and
entitled
"An
Act
Having
Operating
a
More
or
a
Authorizing
Population of
ness
fied and interest
cash warrants
computed
drawn
so
that
the City
on
Treasury may be issued
in
pay¬
ment thereof.
Chicago Sanitary District, III.
Warrants Called—Frank O. BirTreasurer, calls for
payment on April 29 the follow¬
ing
corporate
tax
anticipation
ney,
warrants:
Nos.
A-13
to
A-20, for $25,000
1945.
Nos. A-21 to A-25, for $5,000
each.
Dated Oct. 18, 1945.
Holders of said warrants should
each.
Dated
est ceases on date called.
Warrants
that
Frank
balled—It
O.
is
Birney,
on
Payable Soley from Revenue
Derived from the Operation There¬
of, for the Purpose of Improving
and Extending Such Water Works
System," approved June 25, 1929,
in force July 1, 1929, as amended.
Delivery of the certificates will be
Cook County,
Warrants
Called
Victor
L.
Sehiaeger, County Treasurer, has
announced that the following tax
warrants of 1945, are called for
payment:
Corporate Warrants, Nos.
20.
$100,000 denomination.
Highway warrants, Nos. 1
check for 2%
Board refused to put up the $138,000 extra from gasoline tax- funds
the
f
f
to retire the old bonds in the deal.
The Crummer company has of¬
fered to settle the $168,000 judg¬
the
of the par value of
certificates, payable
City Comptroller.
Warrants Called—R. B.
to
the
Upham,
City Comptroller, called for pay¬
ment on April 22, Nos. A1 to A19,
ment, which is drawing 6% inter¬ for $100,000 each, corporate tax
sale
April 29—v.
163, p. 2205
Halsey, Stuart
Co., and the City Securities
Corp., of Indianapolis, jointly, as
l3/4s, at a price of 103.014, a basis
on
awarded to
&
of
about
1.47%.
Dated
De Land
Township High Sch. Dist.
(P. O. De Land), III.
Bonds
Defeated—An
issue of
No.
May
1,
1946.
Denomination $1,000. These
bonds are due May 1, from 1947
The next highest bidder
Stranahan, Harris & Co., Inc.,
John Nuveen & Co., and William
Blair
&
Co., jointly, for 1%%
bonds, at a price of 102.17.
to
1976.
112
gymnasium
construction
bonds
District,
University of Kentucky (TV (X
Lexington), Ky, •>
Bond
awarded
Phillips
1 y4s, at
est
cost of
follows for 1 xk% bonds:
Price Bid
Paine, Webber, Jackson
& Curtis, and
Wheelock & Cummins,
jointly
Halsey, Stuart & Co
101.124
101.045
Bondurant, Iowa
a
recent elec¬
the issu¬
$11,000
water
system
bonds by a wide margin.
Cedar County
(P. O. Tipton),,
Iowa
Sale—The $150,000
fund¬
ing bonds offered for sale in Feb¬
been sold to local
Dated Jan. 1, 1946
Denomination
$1,000.
Interest
payable J-D. These bonds are due
on Dec. 1, 1947 to 1959.
Principal
and interest payable at the County
Treasurer's office.
Legality ap¬
ruary,
have
banks,
as
2s.
proved by Chapman & Cutler,
Chicago.
Bonds Approved
the
election
—
voters
Sale
The
following
amounting to $300,000^ of¬
fered for sale on April 25, were
awarded to the Peoples National
Bank, State National Bank, and /
the New Iberia National Bank,
all of New Iberia, jointly, at a
approved the issuance
$52,000 construction bonds.*
of
KANSAS
Hoisington, Kan.
Bonds Defeated —An issue
of
hospital bonds amounting to $90,000 was rejected at the election
held on April 2.
KENTUCKY
Ky.
Jr.,
State Local Finance Officer, has
announced
that
the
following
bonds are called for payment on
Bond Call—W. L. Kunckles,
the Security Trust Co.,
4% issue of 1941, refunding
Nos. 46 to 52.
3%
issue
and
of
bonds
1941, series A, road
bridge
refunding
bonds
Nos. 256 to 265.
All
net
Interest ceases on date
called.
of
the
(P. O. Shepardsville), Ky.
Call—T. L. Cook, Clerk
County
Court,
calls
for
payment on June 30, 4%% road
bonds, dated Aug. 1, 1930, matur¬
ing Aug. 1, as follows: $1,000 in
1947 and 1946, $2,000 in 1948 to
1959, and $3,000 in 1960.
Payable
at the election to be held on
New
on
York
date
City.
called.
of about
cost
1.24%:
to 1966.
25,000 airport bonds. Denomina¬
tion $500.
These bonds are
due on May 1, from 1948 to
1966.
Dated May 1,
1946.
Louisiana
Bond
(State of)r
Offering
Details —The
following additional information
supplements that previously given
in v. 163, p. 2345—in connection
/
with the call for sealed bids until
May 27 for the
purchase of $4,622,000 series B institutional im¬
provement bonds:
Bonds
constitute
will
general
obligations of the State, payable
primarily out of the minimum
royalties which are received from
provided for in Act
No. 93 of 1936, as amended by Act
No. 80 of 1938, as
amended by Acts
Legislature,
save and except 10%
Act is re¬
quired to be placed by the State
Treasurer in a separate fund to
be known as a "Road Fund," and
save
and
except that
portion
thereof which by Section 20 of
Interest
ceases
>
thereof which by said
said Act as
amended, is set aside
credited to
for office expenses, or
Levee Boards
or
other State agen¬
cies, and save and except any
royalties derived from any mineral
lease or leases with respect to,
or
which may
in any manner
,
;
'
affect, either (a) all or any portion
of those lands donated by
Russell
Foundation to the
of donation dated
Sage
State by an act
Nov. 1, 1920, and accepted by the
State on Nov. 8, 1920, and re¬
corded in Conveyance Book 95, at
>
the conveyance records
of Iberia Parish, or (b) all or any
portion of those lands donated by
the Rockefeller Foundation to the
;
folio 28, of
.
dated
Sept. 30,1920, and accented by the
by
act
State
on
Nov.
page
ords
of
8
donation
and re¬
Book I,
/
238, of the conveyance rec¬
of Caiperon Parish and in
<
corded
Bullitt County
Bond
interest
$275,000 drainage bonds. Denom¬
ination $1,000.
These bonds i
are due on May 1, from 1948
State
these bonds are dated June
1941.
—
Nos. 71 and 92 of 1940 cf the State
At a recent
are
said to
have
Bell County,
.
bonds
mineral leases
(P. O.
Indep. Sch. Dist.
Malvern), Iowa
Malvern
of
V
(P. O. Newt'
Iberia), La.
tion the voters approved
of
cm
....
Iberia Parish
Bond
as
price of 101.265. xhese
bonds are due on Nov. 1, from
1947
to
1966.
Interest
payable
M-N. The next highest bids were
a
due
are
1, 1949 to 1976.
White-
the
,
Dated June I,
bonds
LOUISIANA
Davenport,
Bonds Voted—At
1.96%.
These
Iowa
to
of
Co.,
;
Sale-»The
$430,000 dor¬
mitory; revenue of 1946 bonds of- ;
fered for sale on May 1—-vy 16^ '
p. 2205—were awarded to a syndlcate headed by the Bankers Bond
Co., of Louisville, at a net inter¬
$158,000 build¬
ing bonds offered for sale recently
at the Chemical Bank & Trust Co
April
;
Bond Sale—The
were
p. 2345—were
Bankers
Bond
1947 to 1960.
School
amounting to $75,000 was defeated
20.
awarded
Co.,. of
Louisville, at a price of 104,QQi a
basis of about 2.03%. Dated May
1, 1946. Denomination $590. These
bonds are due on May 1, from
1946.
Consolidated
163,
the
to
June
Blairstown
1,
to 8.
Board of Administration and the
The refunding had been under¬
29—v.
Sale—The $600,000 water
works revenue bonds offered for
M
1 to
taken despite protests of the State
securities.
at
Frankfort, Ind.
•Bond
—were
-
school building refunding revenue
bonds offered for sale on April
Lexington:
III.
—
that the above
$11,00(1/; 3%
June 1, at
date called.
City on or about $50,000 denomination,;
Interest accrued on the above
June 1,
1946. Legal opinion of
Chapman & Cutler, of Chicago, warrants is available and will be
and certificates will be furnished paid on presentation through any
by the City. Enclose a certified bank or to the County Treasurer.
made
19,
INDIANA
stated
each, at his office. Interest ceased
Owning or
Water Works System,
Feb.
on
District
Treasurer, called for payment on
April 23, Nos. A1 to A12, cprporate tax anticipation warrants,
dated March 20, 1945, for $25,000
iv\-
,
March 20,
present same for payment at the
District Treasurer's office. Inter¬
Liberty); Ky>
,
,
District
and
Issue Certificates of Indebted¬
to
Room 152, 288 North La
Salle St., on or before April 25,
in order that same might be veri¬
ago,
>
,
Bond
of
The
interest.
held
election
ance
631, dated Jan 25, 1945.
1
W. L. Kunckles, Jr., State Local
bonds
has announced
County's 4% road
were purchased recently by Negand bridge refunding bonds, dated
ley, Jens & Rowe, of Peoria, and June 1, 1942, Nos. 38 to 42, are 4
Barcus, Kindred & Co., of Chicago, called for payment on June 1, at
the
Citizens Fidelity Bank
&
jointly:
v
^
Trust Co., of Louisville. Interest ;
$18,000 general obligation bonds,
ceases on date called,
'
as 13/4S, at a price of 101.25.
8,500 revenue bonds, as 2Y2S, at a
Science Hill, Ky. *
price of 100.94.
Bond
Sale—The
the
Nos.
1945,
Fund,
E-39, E-163, dated Feb. 1, 1945.
Building Fund, 1945, Nos. B-375
determination of the best bid shall
crued
plant
Bidder
Chicago Board of Education, III.
Morgan County (P. O. West
;
following •
amounting to $26,500, authorized Finance:; Officer,
as
York.
to
;4:, ^
^
The
IOWA
Superhighway bonds.
1, as follows: $1,500,000 in 1951 and 1952, $2,000,000 in 1953 to 1956, $3,000,000 in 1957 to 1964, and
$3,500,000 in 1965 and 1966.
Dated
«
treatment
sewage
1966.
I
ceeding 1%% interest. Dated June
1,
SoW
was
City Garage and Re¬
pair Shop bonds. Due Jan. 1,
as follows: $30,000 in 1951 to
>1964, and $40,000 in 1965 and
Comptroller,
City
works
system revenue certificate of in¬
debtedness, not exceeding 1%%
interest, has been changed from
May 10 to May 17.
Cities
the County owes
and 1966.
5,000;000
Due
sale of the $2,500,000 water
water works
Due
42,000,000
announced
Bond
bonds.
$500,000 Jan. 1, 1951 to 1966.
5,000,000 Electric Street Light¬
ing System bonds. Due Jan.
1, as follows: $300,000 in 1951
to 1964, and $400,000 in 1965
Certificate Sale Date Changed—
500,000
The Crummer firm recently ob¬
Due Jan. 1,
as fol¬
$2,000,000 in 1951 to
1954, $3,500,000 in 1955, $4,000.000 in 1956 and 1957, $4,250,000 in 1958 to 1963, $4,350,000 in 1964 and 1965, and
$4,460,000 in 1966.
8,000,000 Street and Alley Re¬
ILLINOIS
has
be held
Teuton,
>
n Bonds
lows:
Chicago, III.
R.
the election to
at
June 3:
on
April 4 for public improvements
in
this
City. The next highest
bidder was R. S. Dickson & Co.,
part of the debt* but that it had
authority to handle it if it desired.
that
playgrounds
and
bonds.
by court action to administer any
tained
parks
120,000
voters
y
at
Election—The
construction
$300,000 school bonds.
out
State Board Agrees to Supervise
State
Asso¬
and
amount of the issue and otherwise
Sarasota County
Certain
Atlanta,
of
Georgia,
ciates, at a price of 107.25, a basis
of about 1.4265%:'
awarded
Sale—The $207,000
Bond
through ' any
City Treasurer or the
Trust Co., New York
bonds.
2%
fered
of
Sarasota, Fla.
Payable
$2,000,000 Playground bonds. Due
$125,000 Jan. 1, 1951 to 1966.
58,160,000
Sewer
Construction
Ga.
following
Decatur,
Sale—The
Bond
tificates
Planned—An is¬
Bond Election
tion
concern
GEORGIA
10
(P. O. Fort Myers), Fla.
the
will take
debt if the
the
«
•
Lee County School District
interest.
Bond
the
Co.,
amount of 3%
anticipation warrants, bearing 1%
Wigginton said the company
following
already has rejected one Board of D/2% bonds amounting to $115,Administration proposal to handle 660,000 will be submitted to the
if
1969.
year
sue
\
refunding
City for refund¬
ing was the sum of $5,862.50. The
new refunding bonds have been
Issued, approved by New York
bond
attorneys and the Whole
transaction completed.
of
su¬
Mr.
fund will be
The cost to the
first
assume
interest.
necessary, to pay principal and
interest, and if not needed for
that purpose will be applied to
the payment of bonds maturing in
the
retire it.
will
from the collection of de¬
linquent
the
for $150,000 if the Board of
est,
21493
in
1920,
Conveyance
Conveyance Book!
129:. of. the conveyance records of Ver- '
milion Parish, or (c) all or any j
portion of the bottoms of anv and J
all inland waters within the limits •
of Marsh Island. Iberia Parish, or;.}.
(d)
all
or
any
portion
of the
any>nd all inland
waters within the limits of Rockefeller Wildlife Refuge and Game
bottoms
of
fppr7
2494
THE COMMERCIAL k FINANCIAL CHRONICLE
Preserve, Cameron and Vermilion
Parishes, and are authorized by
.-Section 2(a) of Article IV of the
turing
1952
-Constitution of the State, as added
by. Act No. 364 of 1942, adopted by
the
,
electors
^election
f
held
the
Nov.
State
3,
at
an
AL
1942.
minimum royalties authorized to
rba
,
of
funded
into
IK amendment
bonds
of
said
required to be
•paid into the State Treasury and
are
;;/ ^devoted primarily to the retire¬
ment of principal of and interest
?oii bonds authorized to be
issued
plied to the payment of principal
long
on
said
bonds
so
as any of said bonds remain
outstanding and unpaid, provided
that the surplus
proceeds, if any,
and above the amount re¬
quired to pay principal of and in¬
terest on said bonds shall be de¬
clared as excess revenue in the
general fund. The State Treasurer,
over
pursuant
to
said
constitutiona_
provision, shall have and exercise
the right to determine such sur¬
plus proceeds, if any, for such
purpose as he, in his discretion,
may; deem
advisable, provided
he
that
shall not
funds to be
such funds
in
50,000
may
except
have been col¬
excess
of the
on
hand
amount
next
ensuing
year
following
the date of any such determina¬
tion.
hree
—
months
Revenues and
During
of
this
the
first
the
year
the
$19,794,315.29, or 29.61% of
total appropriations,
according
to
Herbert
poses
Roads, La.
Bonds Voted—At a recent decdon-the voters are said to have
Fallin,
City
Budget
Director.
Included in these ex¬
approved the issuance of $250,000
penditures is $7,614,420.67 for debt
gas supply line and distribution
service and pension fund, the bal¬
system bonds.
ance of $12,179,894.62
'
represent¬
Sh Landry Pariah Consolidated
ing the total expended for operat¬
.
llS* Sch.
ing purposes, or 23.14% of the op¬
erating
appropriations.
This
Dist No, 1 (P. O.
Opelousas), La.
0
Offering—S. A. Moncla, compares with 22.52% for 1945,
Secretary of the Parish School and 23.01% for 1944.
Board, will receive sealed bids
Revenue collections during the
hree months of this year total
Until 11 a. m* on May 27 for the
purchase, -of
$1,800,000
school $34^38,999.90, as compared with
bonds, not exceeding 4% interest. $31,997,134.78 for the same period
Dated June 1, 1946. Denomination of 1945, and $31,277,529.11 in 1944.
$1,000. Due June 1, 1948 to 1966.
Montgomery County, Silver Spring
Payable
from
unlimited
ad
£j
;15ond
Business District (P. O.
valorem taxes. These bonds were
authorized at an election held on
Rockville), Md.
Bond Offering—J. Forest Walk¬
er, Clerk of the Board of County
New. Orleans, Mil be furnished.
Enclose a certified check for $36,OCO payable to the District.
sealed
16,
opinion
Union Pariah Consolidated School
District No. I (P. O.
1
Farmer ville), La.
I Bond Offering
Elton J. Upof the Parish
—
shaw,
Secretary
School Board, will receive
bids until 10
a.m.
sealed
May 29 for
the. purchase of $500,000 school
not exceeding 4% interest,
tinted June 1, 1946. Denomination
on
$i ,000. These bonds
Commissioners, will receive
bids until
4
for
1
a.m.
the
(EST)
purchase
on
May
of
$800,000
acquisition and improvement of
sites coupon bonds, not
exceeding
4%
interest. Dated June 1, 1946.
Denomination $1,000. Due June 1,
as follows:
$5,000 in 1948, $15,000
in 1949 and 1950,
$20,000 in 1951
to 1955, $25,000 in 1956 to
1958,
$30,000 in, 1959 to 1966, and $35,000
in 1967 to 1976.
Principal and in¬
terest
at
payable
the
Farmers'
Banking & Trust Co., Rockville.
are due on* "Tie bonds will be issued
subject
1948 to 1966. Payable from
0
registration as to principal
un'in-ited taxes. These bonds were only at the office of
the Clerk to
jj-re i,
qV^orized
at an election held on
16, 1946. The approving
<)V?;mon of B. A. Campbell, of New
O.deans, will
he Board of
furnished. En-; sively for
cm e a certified check for
$10,000, provement
li
vable to the District;
We at
Bond
Monroe, La.
Sale
Details—The $700,000
various
issues > of
bonds
awarded on April 11. to a
syndi¬
cate headed by
White, Hattier
&
Stanford, of New Orleans; at
met
163,
■;.
interest
p. :
cost
a
of
1.4804%—v.
2205^were also awarded
to.' the
National Bank of Com¬
merce, Glas & Crane, Weil &
Co;,
fill of New
Orleans, Felix M.
Hives; of Bhreveport; WaltonHamp Jones Co., Edward Jones &
Co., Tv W. Woodward
Co.f all of
Jackson, J. G. Hickman & Co., of
lYicksburg, and Max T. Allen &
Co., of Hazlehurst, who were as-*
sociated with the above
named in
the purchase of these
bonds at
100.0103, as follows:
$264,000 Water Works Extension
y Series A bonds; For $48,000
| J maturing $12,000 April. 1,1948
1 i: to 1951, as 2^s, $168,000 ma¬
•
County Commission¬
The proceeds of the sale of
said bonds are to be used exclu¬
ers.
be
the
acquisition,
and
development
im¬
of
sites for off-street parking lots in
the Silver Spring Business Dis¬
trict, ks set forth in the Enabling
Act and in a resolution
adopted
by the .County Commissioners on
March 26, 1946, and for no other
purpose, except that if the pro-:
eeeds of the sale of such
bonds
shall exceed the
amount; needed
to finance the
projects set forth in
said resolution, tb&
excess funds
shall be set apart
by the County
and applied in
payment of the
first principal
maturity or matur¬
ities of said
bonds, or
they
may
be
applied by the County to the fi¬
nancing of any of the objects and
purposes
set
forth
in
Chapter 951 of the Acts of the
Assembly of Maryland,
passed at its January Session in
the year 1945, and are also is¬
in accordance with resolu¬
tions duly adopted by the County
Commissioners.
Said bonds are
sued
the
by said Chapter 951 of the Acts
of 1945, but the County Commis¬
sioners
rected
authorized
are
by
said
Act
to
and
di¬
levy
un¬
limited ad valorem taxes upon all
of the assessable property within
the corporate limits of the
for the payment of the
County
principal
and interest of said bonds in
any
year
that the proceeds of said
special taxes
upon
inadequate for
said bonds being
the full faith and
County Commission¬
said
are
purposes,
issued
of which full faith and credit
thereunto pledged to the pay¬
thereof.
Under the provi¬
sions
of said
Chapter 951 of the
Acts
of
and
1945
the
resolution
adopted by the County Commis¬
sioners, provision is made for the
levy of said special taxes and for
the levy of an annual ad valorem
tax
on
all
assessable
property in
Monday, May 6, 1946
the
for
1946.
of
& Co., Francis I. Du Pont & Co.,
Hornblower
&
Weeks, A. G.
Other bidders were as follows:
Becker &
Bidder
Co., all of New York,
and Goodwyn & Olds, of Wash¬
ington, D. C., as 1.60s, at a price of
100.666, a basis of about 1.565%.
Dated-May 1, 1946. Due on May
in 1947 to 1986, inclusive. Second
best
bid
was
by Phelps, Fenn & Co.,
R. S. Dickson & Co.,
Paine, Webber, Jackson &
Curtis,
Eldredge & Co.,
Otis & Co.,
Daniel F. Rice & Co.,
First of Michigan Corp.,
F. W. Craigie & Co.,
Harvey Fisk & Sons, and
Ferris & Co., jointly,
0.487%
Boston
First National Bank,
0.489%
Boston
0.498%
Stoneham, Mass.
$100,000
Sale—The
tem¬
notes offered for sale re¬
porary
cently were awarded to the Mid¬
County National Bank, of
dlesex
Everett, at a rate of 0.375%.
The
next highest bidder was the Sec¬
ond National Bank, Boston, at a
rate
of
0.41%.
Other
bidders
follows:
as
were
Rate
Bidder
were:
Day Trust Co., Boston
Merchants National Bank,
1.70% Bonds
Harriman Ripley & Co., inc.,
First National Bank,
0.44%
Boston
National Shawmut Bank,
0.45%
Boston
Winchendon, Mass.
Note
Offering — The
Town
Treasurer will receive sealed bids
until
May 9 for the pur¬
on
noon
chase of temporary
ing
Kidder, Peabody & Co.,
Braun, Bosworth & Co., Inc.,
Trust Co. of Georgia,
Nov.
notes amount¬
notes
These
1946.
May
15,
due
Dated
$75,000.
to
Northern Trust Co., Chicago,
Alex. Brown & Sons,
on
are
15, 1946.
Worcester, Mass.
Sale—The
Note
Atlanta,
Martin, Burns & Corbett,
29,
April
and
100.29
l%% Bonds
for
rev¬
sale
on
awarded
were
to the
Bank,
of
National
Merchants
John C. Clark & Co.,
$500,000
offered
notes
enue
jointly
0.422%
0.439%
Boston
Blyth & Co.,
Pressprich & Co.,
Estabrook & Co.,
B. J. Van Ingen & Co.,
Equitable Securities Corp.,
Illinois Co., Chicago,
Bacon, Stevenson & Co.,
Hayden, Mflier & Co., and
Miller, Kenower & Co.,
jointly,
100.309
R. W.
For
0.467%
Boston
National Shawmut Bank,
Note
100.027
For
-
Rate
Day Trust Co., Boston
For 1.60s
Among the other bidders
year
Merchants National Bank,
submitted
offer
an
revenue
at a discount of 0.434%.
Dated April 30, 1946. Denomina*
tions $50,000, $25,000 and $10,000.
Boston,
Montgomery County sufficient in
Shields & Co.,
These
rate and amount to pay the prin¬
cipal and interest of said bonds as
Stranahan, Harris & Co., Inc.,
1946.
Coffin & Burr,
Stroud & Co.,,
lows:
they
respectively
payable
should
come
due
and
the
proceeds of
said special taxes be insufficient
for
said
Under exist¬
purposes.
ing laws, these bonds are exempt
State, County and Munici¬
from
pal taxation in the State of Mary¬
land.
The bonds will bedelivr
ered to the purchaser - within a
reasonable
time
after
the
sale
thereof at the office of the Coun¬
ty Commissioners, or at any in¬
corporated bank or trust com¬
in the cities of Baltimore,
Md., Washington, D. C., or New
York, N. Y., without
expense
sue
will
be
approved by Niles,
Barton, Morrow & Yost, of Bal¬
timore, and the approving opinion
of this firm will be
delivered, upon
request, to
the
purchaser of the
bonds, without charge. Enclose a
certified
check
Prince George's
County (P. O.
Upper Marlboro), Md.
Bond
Offering — G. Gardner,
County Superintendent of Schools,
will receive sealed bids until
(EST)
noon
May 14 for the purchase
of $1,100,000
public school of 1946
coupon bonds, not exceeding 5%
on
bidders
reoffered
for the 1947 maturity to a
dollar
price of 99 V2 for the
maturity.
sue
will
Chelsea,
Mass.
Note Sale—The $500,000 tempo¬
offered
notes
rary
cently,
for
sale
re¬
awarded to the Na¬
were
tional Shawmut Bank, of Boston,
at a discount of 0.63%. The only
other
bidder
tional
Bank, Boston, at
First
the
was
0.66%.
Essex County (P. O. Salem), Mass.
Note
trial
on
Sale—The
farm
April
offered
notes
30
$50,000
v.
163,
to
indus¬
for
sale
the
2346 —
Cape Ann
National Bank, of Gloucester, at
a discount of 0.42%.
Dated May
1946.
Denomination
$5,000.
hese notes are due on May 1,
were
—
awarded
p.
,
947.
Other bids
were
as
follows:
Bidder
Rate
Beverly
4
_0.435%
National
Salem
Bank,
___0.45%
Upper Merchants National Bank,
The legality of this is¬
Boston
___Q.45%
——
approved by Niles, Gloucester National Bank-0.489%
Barton, Morrow & Yost, of Baltic Naumkeag Trust Co.,
Md., and the approving
Salem
„__0.495%
■
opinion of this firm will be deliv- R; h. Day & Co
ered upon request, to the pur¬
Leicester, Mass.
chaser
of
the
bonds,
without ri Notes
Sold—An issue
charge. Enclose s certified check1Aftn
pa^ VSlue of
bonds, payable
'trie Board
Education.
Washington Suburban
M
Bond Sale—The $2,000,000 cou¬
pon
semi-annual water main and
Bidders are requested to
specify sewer construction, Series JJJ
with their bids the
rate or rates
bonds offered for sale on April 30
of interest to be
paid on the bonds
on which rate or
■v. 163; p. 2206—were awarded to
rates their bids
are based and submitted.
The a syndicate composed of the Union
rate or rates of
interest must be
ecurities Corp.,
are
due
$50,-
•Note
porary
Sale —The
Dated
1
March 1, 1949 to 1951. The
highest bidder was Strana¬
han, Harris & Co., Inc.
000
on
next
Portage
Bond Offering—Sealed bids will
be
received
7 p.m. (CST);
Paul Romence,
District Secretary, for the pur¬
chase of $100,000 coupon school
May
on
a
discount
of
0.442%.
to
_
the
Dated
May 1, 1946. Denomination $25,000. These notes
Goldman, Sachs 18, 1946. Issued
are
in
by
bonds. Interest rate is not
ceed
1950.
Rate
to
ex¬
3%, payable
A-O. Denom¬
ination $1,000. Dated April 1, 1946.
Due from April 1, 1947 to 1951;
with the bonds maturing in 1951
becoming optional on April J,
interest
of
multiples of
V4
to
be
in
of 1%. Principal
the First
interest payable at
and
National
Bank
Kalamazoo.
&
Trust
Co.,
shall
bonds
The
of
be
awarded to the bidder -whose bid
produces the lowest interest cost
to the School District after de¬
ducting the premium offered, if'
In. determining the net jn-,
terest cost, interest on premium
any.
will not be considered
on
as
deduct¬
bonds will be
computed from
the
May 6, 1946, to
respective maturity dates, No
proposal for less than; all of the
the taxable
ad
on
Second National Bank, of Boston,
at
until
6,
be
considered.
The
required by law to levy upon all
$500,000 tem¬
awarded
Sch. Dist. (P. O.
Kalamazoo), Mich.
Twp.
R. R. No. 6,
School District is authorized ana
notes offered for sale
were
$45,000 build¬
April 1, 1946, Denomination
due on Dec.
property therein such
valorem
taxes
as
may
be'
the bonds and
interest thereon, within the limi¬
tation prescribed by Section 21
Article X, of the Michigan Con¬
necessary
May
(P. O.
$1,000. These bonds are due $15,-
bonds .will
Dec. 2,1946.
on
Sale—The
ible and interest
Somerville, Mass.
:
Sanitary
District, Md.
0.54%
t^oitax motts- was«old^bn''April
botes
r
Dist. No. 2
Na¬
rate of
a
Sch.
Detroit), Mich.
Bond
be
2%. of the
MICHIGAN
Gratiot
ing bonds offered for sale on April
29-v. 163, p. 2346—were awarded
to H. V. Sattley & Co., of Detroit.
MASSACHUSETTS
more,
for
0.45%
Y._0,52%
Trust Co., N.
1986
Merchants
of
Boston, jointly
Bankers
scription at prices to yield from
0 50^
due $55,000 on June
1,1947 to
1966. Principal and interest
pay¬
Marlboro.
0.445%
Bank,
National Shawmut Bank,
Bonds Offered for Investment—
are
First National Bank
Southern
Maryland,
-
the above bonds for general sub¬
Security Trust Co., Lynn__0.43%
Beverly National Bank,
at the
-
0.439%
Boston, and
interest. Dated June 1, 1946. De¬
nomination $1,000.
These bonds
able
Rate
First National
100.27
successful
8,
fol¬
as
Bank,
Day Trust Co., Boston
jointly
for
$16,000, pay¬
able to the County Treasurer.
Nov.
on
were
Boston
Lobdell & Co., and
C. T. Williams & Co.,
to
shall be at the expense of the
pur¬
chaser.
The legality of this is¬
due
are
Second National
Mullaney, Ross & Co.,
Thomas & Co.,
The
notes
The other bids
Bidder
Dolphin & Co.,
the purchaser.
If the successful
purchsaer shall specify any other
place of delivery, such delivery
Enab¬
ling Act, thereafter undertaken
by said County Commissioners.
(
payable primarily from the pro¬
ceeds of special taxes authorized
pany
1946. The approving
of B. A, Campbell, of
April
authority
General
is
above city expended for all pur¬
New
■>«<
Expenditures
of
the
ment
Baltimore, Md.
on
issued pursuant to
ers,
MARYLAND
Report Issued
less than par and accrued interest
the bonds.
Said bonds are
for
credit of the
1964 to 1966, as IV4S.
re¬
quired to meet all necessary sums
for payment of principal of and
interest on bonds payable out of
the proceeds of said royalties for
the
Fire
Dept., Station and
Equipment, Series D bonds.
For $8,000 maturing $2,000
April 1, 1948 to 1951, as 2V2s,
$33,000 maturing April 1, $2,000 in 1952 to 1954, $3,000 in
1955 to 1963, as V/2S, and $9,000 maturing $3,000 April
1,
determine any
lected and which shall be
and
125,000 City Hall, Series C bonds.
For $24,000 maturing $6,000
April 1, 1948 to 1951, as 2V2S,
$79,000 maturing April 1, $6,000 in 1952 to 1956, $7,000 in
1957 to
1963, as l%g, and
$22,000 maturing April 1, $7,000 in 1964 and 1965, and $8,000 in 1966, as 1 *As.
excess revenue
as
to 1955,
April 1, $13,000 in 1952 to
1956, $14,000 in 1957 to 1960,
$15,000 in 1961 to 1963, as
IV2S, and $47,000 maturing
April 1, $15,000 in 1964, and
$16,000 in 1965 and 1966, as
1*/4S.
tinder said act; and shall continue
to be collected, dedicated and
ap¬
.of and interest
April
1, $13,000 in in multiples of Vs or one-tenth o;
$14,000 in 1956 1%. Bidders may specify more
to
1959, $15,000 in 1960 to than one rate of interest to be
1963, as lVzS, and $48,000 ma¬ borne by the bonds, but may not
turing $16,000 April 1, 1964 to specify more than one interest
rate for the bonds of
1966, as iy4s.
any one ma¬
261,000 Sewage and Sewerage turity. The bonds will be awarded
to the bidder naming the lowest
Disposal
Works,
Series
B
bonds. For $48,000 maturing rate or combined rates of interest
$12,000 April 1, 1948 to 1951, named in any legally acceptable
as
2yzs, $166,000 maturing proposal and offering to pay not
.
to
pay
stitution and the Michigan Pron—
erty
Tax
Limitation
District authorized
an
ActJ The
increase in
anticipation of the tax limitation to 29 mills
on
*
.Volume 163
the
dollar
Number 4487
THE COMMERCIAL, & FINANCIAL CHRONICLE
of
assessed valuation
for the years 1946 to
1950, both in
uenomination
,700
elusive, at an election held March
18, 1946. Bids shall be conditioned
upon
the
unqualified
opinion
Oa
Miller, Canfield, Paddock & Stone,
of
Detroit, approving the legality
of
the
in
ox
number
will'
opinion shall be paid by the School
An issue of
bonds.
The
of
cost
such
pay the cost of printing the bonds.
Enclose a certified check for 1%
of the par value of the
upon
the
1946,
bonds,
payable to the District Treasurer.
those
tax
constitute
rolls
first
upon
1947,
Bayport, Minn.
—
sale
following
$50,000 and
Feb.
5,
Co., of Min¬
neapolis, as 1.10s, at a price of
100.60, a basis of about 1.004%:
rolls
tax
the
1949,
the
for
those
rolls
tax
for
(P. O.
Zumbrota), Minn.
1,
24, were awarded to
the Northwestern National
Bank,
1953, to
constitute
a
on
Minneapolis,
100.27.
Marshall), Minn.
or
Offering—H. J. Schwandt,
District Clerk, will receive sealed
urer.
Such
certificates
may
be
registered, registration to be certi¬
fied thereon by the State Treas¬
ing coupon bonds, to bear not ex¬
ceeding 2% interest. Dated May 1, urer, and are subject to succes¬
sive registrations and transfers at
1946. Denomination
$1,000. Due
'the option of the holder or holders.
May 1, as follows: $15,000 in 1949
Coupons may be separated from
and 1950, and
$20,000 in 1951 to
the certificates and surrendered
1971. Split rates
permitted, but all
rates
to
to the State Treasurer for cancel¬
be in
multiples of y4 or
one-tenth of 1%. No bids for less
than par will be considered. Prin¬
lation, in which case the interest
will be
paid to the registered
holder
cipal and interest payable at any
suitable
bank
or
terest
institution
or
Principal and in¬
payable in lawful
the United States of
Barber,, of Minneapolis, whose
printed
opinion must be accepted by the
purchaser. The Board of Educa¬
tion will furnish the
printed bonds
and the above legal
opinion to
the purchaser without cost. De¬
livery of the bonds will
to the
after
purchaser within
the
sale,
or
at
be made
30
days
his
option
thereafter.
Enclose
a
certified
check for $9,000 payable to the
District Treasurer.
-
nished
certificates
without
will
cost
to
cessful bidder. All bids
the
are
suc¬
to be
subject to the approval of legality
of the certificates by Wood, Hoff¬
man,
King & Dawson, of New
York
City,
whose
approving
opinion will be furnished the suc¬
offering less than
par
and ac¬
crued interest at the date of de¬
Minnesota (State of)
livery will be accepted. Each bid¬
Rural Credit Certificate Offer¬
ing—It is stated by R. W.
der must give one rate of interest
lo be borne by the
certificates,
he will receive sealed bids at his
multiple of Vi
office, 2651 University Ave., St.
Paul, until 11 a.m. on May 21, for
1%.
awarded to the bidder
the purchase of
$7,425,000 Rural
Credit Deficiency Fund certifi¬
ourchase the
the lowest
interest rate.
cates
of
indebtedness.
to
cer-
Vr
4
registered
as
Said
the
to
be
stipulated in
or
any
of one-tenth of
certificates
same
at
will
1946,
D-29700,
}
Feb.
supervisors
9,
district
bonds. Dated Feb.
—
The
$1,000,000:
a
1946.
in
to
bids
the
price
for bonds bearing
or not more
pay
at
$40,000
requested
are
rate,
two
different rates, to be
designated in their bids; provided,
however, that each interest rate
shall be an even multiple of Ai
Of 1%, and that all bonds of the
same
maturity shall bear inters
est at the same rate.
Both prin¬
cipal and interest will be payable
at a bank to be designated
by the
purchaser, subject to the approval
of the Board of Education#
The
furnish
legal
the
opinion of Charles & Trauernicht,
of St. Louis, and will pay for the
printing of the bonds and the reg¬
istration fee at the office of th$
State/ Auditor.
bonds will be
chaser
In the.
cost
on or
,
Delivery y; pf u the
made
the pur¬
to
before June
14,1940,
City of St. Louis, withouf
to the purchaser.
Delivery
,
elsewhere will be made at the ex¬
pense of the purchaser.These
bonds are the balance of M au¬
thorized issue of $630,000. Enclose
certified check for $5,000,
a
No.
2
pay-*
able to the District,
,
,
r•
'
9,1946. Due
MONTANA
$1,000 in 1947 to 1952.
24,000 supervisors district No. 3
lEkataka, Afonf.,
bonds. Dated Feb.
j
-,
-„y
9,1946. Due
Bonds Purchased—An issue of
$2,000 in 1947 to 1958.
J $57,500 2Vz% water sewer - sys*
13,000 supervisors district No. 4 terns
imprcwement bonds ;
100.115
Co., Inc.,
Due
9,000
supervisors district No. 5
bonds. Dated Feb. 9,1946. Due
First National Bank,
Chicago,
.
Bond
Barret,-Fitch & Co.,
jointly,
bonds
a^Fot 1.30s
100.43
Co., St. Louis,
For 1.30s
_j
...
100.31
.
Harris Trust & Savings
Chicago,
L. F. Rothschild &
Co.,
Trust CO. of Georgia,
'
Atlanta, and
Park-Shaughnessy & Co.,
1.30s
100.27
National City Bank,
New York, and
Associates,
For
1.30s
100.187
Chemical Bank & Trust Co.,
New York,
jointly,
.100.05
—100.056
100.17
Bonds Reoffered by Purchasers
The
above
cessful
bonds
reoffered
bidders
sub¬
were
by the
suc¬
public
sub¬
for
scription at prices to yield 0.50%
to 1.30%, according to maturity.
Yellow Medicine
Sch.
County Indep.
(P. O.
Dist. No. 30
Canby), Minn.
Bond
Meeting
Postponed
—
Chas. S. James, District Clerk, has
announced that the meeting to
determine the award of the
$275,*
900 building bonds, not exceeding
the 2% interest has been post*
the
same.
?'
as soon as plans are completed
and/dates set, Mr. Foote said.
:
se¬
Issued under the
ern
Montana: Mr. Foote said Prof,;
George Schroepfer, of
Minnea^
polis, told delegates to the recfent
ders
& Co., of Memphis, pur¬
chased recently an issue of $150,*
Butte meeting of the Montana
Sewage Works Asoclation thai;
compete sewage treatment for a
2Y2S, to Feb. 1, 1949, and ls/4s,
thereafter to maturity. Dated Feb. city would cost $25 per-capita^
while primary treatment aUcma
1, 1946. Interest payable F-A.
Would cast $10 per capita.
' ^ f
Legality approved by Charles &
Costs, Mr. Foote said, depehd;
Trauernicht, of St. Louis.
largely tm /population, ^
Tupelo, Miss.
capita v costs decline/^rapidly as
Bond Sale—The $200,000 indus¬
cities become larger,
^
; r
trial plant bonds offered for sale
on April 30—v. 163, p. 2061—were
NEBRASKA
H
awarded to the Peoples Bank &
Burwell, Neb.
Trust Co., of Tupelo, as i%s, at a
Bonds Purchased—An issue Of;
price of par. Dated April 2, 1946.
$60,000 light plant bonds was pur* 5
Denomination
$1,000.
These
chased recently by the Robert E.
bonds are due from 1947 to 1966.
Schweser Co., of Omaha. Denoni,;'
The next highest bidder was Her-,
$1,"000.
rington & Co., for iy4s, at a price
of 101.00.
Dakota County (P. O. Dakota
poned until Jf p.qy op JJay 14,
electric plant
revenue
bonds
City), Neb.
MISSOURI
MISSISSIPPI
Calhoun County Supervisors Dist.
(P. O. Pittsboro), Miss.
'
provisions of Chapter 241, General : Revenue bond issues
already
Laws of Mississippi, 1944. Enclose have been approved
by Chinook.
a certified check for 2%.
Chester and Culbertson in north¬
000
Chicago,
—
posal plants.
Bonds Purchased—M. A. Saun*
First National Bank,
sequently
May 1, 1946.
Okolona, Miss.
Halsey, Stuart & Co., and
Associates,
For Is
five years. He
total of $250,000
Billings, Which long hhs idCrtj
Natchez, Miss.
Bond Offering—O. N. Stewart, ned new disposal methods, wilt
vote on a revenue bond issue on
City Clerk, will receive sealed
bids until 4 p.m. on May 14 for; May 6, for a new sewage system.
the purchase of $100,000 industrial Great Falls will vote May 24, on
bonds.
All proposals shall be in a new system and elections will
writing and shall state fully thei be held by Havre, Cut Bank* Dut4
terms of the issue and the essen-l ton and Shelby for ^new^aystems;
For $113,000 Bonds
For .80s
pend about $10,000,000 for sewagd
disposal purposes within the nexf
reported that a
already has been
approved for such- Work; he-saia
burg,. and Harrington & Co., of plans :also were under "Waytfoif,
Jackson, at a price of 100.233, a $l;000j)00 of work which has not
net interest cost of about 1.175%;' reached the authorization stage.
as follows: for $32,500
maturing He attributed the increased inter-*
May 1, $5,000 in 1947 and 1948, i est in - sewage disposal at least
$7,500 in 1949 to 1951 as 2V2s, and partly to a 1943 session Jaw pfer-f
$67,500 maturing $7,500 from May mitting r revenue
or
debenture
1,1952 to 1960 as Is. Interest pay* bond issuance for operation t)f dis¬
cure
1.40s
for sale on April
163, p. 2207—were awarded
syndicate composed of the
tials of the Trust Indenture to
Drexel & Co., and
R. S. Dickson & Co.,
For
Sale—The $100,000 road
offered
able M-N. Dated
jointly,
'
a
announced recentlythe / plansf of
local units within Montana to ex-*
Max T. Allen Co., of Hazlehurst,
J. G. Hickman & Co., of Vicks-
White, Weld & Co., and
Juran & Moody, jointly,
26-v.
to
-Harriman Ripley & Co., Inc.,
Mercantile-Commerce Bank
For
/y
Outlined—H.
Canton), Miss.
Stroud & Co., and
Bank
Montana (State of)
Large Sewage Disposal Progran|
B. Foote, State -di*
rector of sarititary engineering*
Madison County Supervisors Dist.
No. 3, Road District (P. O.
Northern Trust Co.,
*
101.217.
$1,000 in 1947 to 1955.
Chicago,
& Trust
Dated March 5, 1946.:
chased recently by J. M., Dain &
$1,000 in 1947 to 1959. • ; Co., of
Minneapolis, at a price of
bonds.
100.109
Sch. Dist.. Mo.
Bond Offering — Otto S. Conrades, Secretary of the Board of
Education, will /receive
sealed
bids until 8 p.m. on May 14 for
the purchase of $530,000 school
Bond
Call
—
It
is
stated
by |
George Johnson, Chairman of
Board
Of County
the-.
Commissioners.
that he Is calling for pasnnent
June 1, all outstanding
\
on'j
Refunding* ,
Bonds Sold
The following
Bridge Revenue bonds, being Nos. J
234% funding bonds amounting to
206 to 1250, dated May 1, 1944, due
$21,500 were purchased recently, bonds.
$2
r, June 1, 1957,; to the amount of;
->t a price of par, by Cady & Co.,
Dated June 1, 1946. Denomina¬ $1,045,000.
^ *
of Columbus:
Bonds will be redeemed at the
tion $1,000, Due March 1, as folid
District No. 3 lows: $20,000 in 1947 and 1948, Guaranty Trust Co.. New York
bonds. Dated Dec. 1,1945. Due
u,wUU m 1949, $25,000 in 1950 City,
at they principal amount!
—
St. Paul, Minn.
Bond* Sale
numbered D-24976 to were awarded.to a syndicate
both inclusive, each in posed of the Union
Securities
6,000
Dated
$1,000 in 1947 to 1959.
be
4,725 in number wil be dated
15,
bonds.
than
District will
.
The
to principal only, or
capitol approach bonds offered for
principal and interest,
sale on May 1—v. 163, p. 2206—
July
as
both
rate
•
County Supervisors Districts
:
(P» O, Tupelo), Miss.«
Bonds Sold
The following
2Mz% funding bonds amounting to
$65,000 were purchased recently
by Cady & Co., of Columbus, and
M. A. Saunders & Co., of Mem-*
phis, jointly, at a price of par:
Due
For iy4S
offering to'
Bassett,
Conservator of Rural Credit, that
on
industrial plant bonds.
Stranahan, Harris & Co.,
Inc., jointly,
bids for less than all of said issue,
or
authorized at the election held
Halsey, Stuart & Co.,
Blair &
cessful, bidder without charge. No
-
interest
County (P. O. w ; i
—**n), Miss.
Bond Offering — J. C. Paden,
Chancery
Clerk,
will
receive
sealed bids until May 6 for the
purchase of $100,000 industrial
plant bonds.
These bonds were
$13,000 supervisors district No. 1
Bonds
1965,/and
■
fur¬
be
they will
Chickasaw
,
100.06
to
Bidders!
.
—
$133,000, %s
1960
1966.
Lee
New
For iy4s
be
the
money of
bid may designate. All bids
must, America at the office
of the State
be
unconditional
except
as
to
Treasurer, or, at the option of the
legality which may be made Con¬
holder, at the fiscal agency of the
ditional upon the
legal opinion
State, in the City of New York,
of Dorsey,
Colman, Barker, Scott
New York, or in St. Paul. The
&
100.13
Bank
For $1,000,000
order.
will
in
J947 to 1963* and $1,000; in designate in their
Kidder, Peabody & Co.,
R. W. Pressprich & Co.,
Braun, Bosworth & Co.,
Inc., and
Schmidt, Poole & Co.,
jointly,
cate number with the State Treas¬
bids until 11:30 a.m. on
May 8,
for the purchase of
$450,000 build¬
bonds. Dated Jaft, 1,1946. Due
J**
1. p« "follows: $500 In
approved the issuance of $75,000
Roosevelt & Cross, jointly,
For
and $2,000
Grenada, Miss.
Bonds Voted—At a recent elec¬
tion the voters ars said to have
and
^payable and to the holder
Lyon County Independent School' thereof, if known. For the purpose
of receiving such notice, the holder
v
District No. 8 (P. O.
Bond
City
1954,
1957.
Oct. 16, 1945.
Lynch, Pierce,
Fenner & Beane,
Graham, Parsons & Co.,
and
holders thereof may register his
her name, address, and certifi¬
follows:
as
Merrill
are
or
were
York,
Jan.
as iy4s, at a price
100.41, a basis of about 1.205%.
Dated April 1,1946. Denomination year 1951, respectively, to the ex¬
$1,000. These bonds are due on tent necessary for the payment of
April 1, as follows: $8,000 in 1949 principal
thereof,
respectively.
to 1958,
$10,000 in 1959 to 1965, Certificates numbered D-27676 to
and $20,000 in 1966 to
1969. The D-29700, both inclusive (maturing
next
highest bidder was C. S. Jan. and July 15, 1950 and 1951),
to be subject to
Ashman Co., and
redemption and
Park-Shaughnessy & Co., jointly, for iy4s, at prepayment at the option of the
a
price of 100.25.
State, acting through its Conserva¬
tor of Rural
Credit, with the ap¬
Hastings Special Sch. Dist. No. 26,
proval of the Executive Council,
Minn.
on
July 15, 1949, and on any
Bond Sale—The
$29,000 refund¬ interest-payment date thereafter;
ing bonds offered for sale on at
par, and certificates numbered
April 26, were awarded to J. M. D-29701 to
D-32400, both inclusive
Dain & Co., of
Minneapolis, as (maturing Jan. and July 15, 1952,
3As,. at a price of 100.26, a basis arid:
Jan.. 1, 1953 )v to be subject "to
of about 0.655%. Dated
May.; 1, redemption - and prepayment, as
1946. Denomination
$1,000. These stated, upon July 1, 1949, and on
bonds are due on July
1, as fol¬ any interest-payment date there¬
lows:
$4,000 in 1947, $5,000 in after#, at
par. Thirty
(30) days*
1948; and $10,000 in 1949 and 1950. notice of call for
redemption shall
The next highest bidder was E. J.
be given by mailing notice to each
Prescott & Co., for 0.80s, at a price
agency at which these certificates
of
National
prior lien and charge upon 50%
of the $1,500,000 levy to be ex¬
tended upon the tax rolls for the
of
dated
C. S. Ashmun Co.,
year
first
all
jointly,
For $1,000,000, iy4s
maturing
1950, and those maturing
April
was
and
year
the
are
to
to
sale
Corp.,
Michigan Corp.,
First of
in
maturing
—
First Boston
in -1952 to
constitute a first and prior lien
and
charge upon 100% of the
$1,500,000 levy to be extended
upon the tax rolls for the year
Bond Sale—The
$230,000 build¬
ing coupon bonds offered for sale
of
those
upon
Goodhue County Independent Sch.
on
Other bids
1951 to
constitute a first and prior lien
and
charge upon 100% of the
$1,500,000 levy to be extended
-12,000 sanitary sewer bonds.
11,500 water works bonds.
8,500 electric plant bonds. *
68
the
1948,
for
May 1, 1946. Denomination $1,000.
those
upon
$18,000 street bonds.
No.
The above bonds
extended
the year
and
were
offered
of about 0.68%. These bonds are
due on May 1, from 1947 to 1949.
constitute
sold to J. M. Dain &
Dist.
be
for
also
to
the Marquette Na¬
Bank, of Minneapolis,, as
0.70s, at a price of 100.037, a basis
in 1949 to
prior lien
100% of the
rolls
tax
bonds
tional
year
maturing in 1950 to
a
first and prior lien
charge upon 100% of the
$1,500,000 levy to be extended
The
to
on
the
the
for
in and 1951, $30,000 in 1952, $20,000
in in 1953, $30,000 in 1954 and 1955.
$25,000 in 1956, $20,000 in 1957;
6,500 Supervisors District No; 4 $25,000 in 1958 and 1959, $30,000
1955
$133,000 public wel¬
May 1—v. 163, p. 2206
awarded
and
charge upon
$1,500,000 levy to
MINNESOTA
offered for
on
maturing
a
and
Bond Sale
bonds amounting
fare
charge upon 100% of the
$1,500,000 levy to be extended
shall
1» as follows: $1,000
1946
1.228%. These bonds are
due May 1, from 1947 to 1976.
and
•
Dec.
about
this series maturing in 1948 shall
constitute a first and prior lien
District. The School District
;
corp., Estabrobk & Co., Coffin
»uit; all ot N*w xoIk, hnu Ktu~
man &
Co., of St. Paul, as 114 s,
at a price of
100.2899, a basis of
dated
be
uly 1, 1946, numbered D-29701 to
J-32400, both inclusive, each in
ne denomination of
$1,000. Due
,>675,000 Jan. and July 15, 1948 to
Jan. 1, 1953. The certificates of
1
2493!
,
-
•
v.
?
1
PlllfpKi-
Monday, May 6, 1945
THE COMMERCIAL & FINANCIAL CHRONICLE
2491
'
thereof
i
and
accrued
interest,
to
redemption date, and a premium
of 31/2% of the principal amount.
Said bonds accompanied by all
appertaining interest coupons maturing on or after June 1, 1948,
1
&
1
7>vfshould be surrendered for
,
redemption at the place of payment
J
H
designated above.
^Interest
ceases
date called.
on
$850,000
bids until
and
the
Dec.
1,
1946,June
1,
1947
to
1949,
$850,000 June and $900,000 Dec.
1,
1950,
$900,000
June
and
Dec. 1, 1951 to 1953, $900,000 June
1, 1954, and $16,000,000 June 1,
1966.
Bonds
maturing
on
or
Dec.
after Dec. 1, 1951,
to redemption at
the
Commission
terest
|
Gordon School District, Neb.
,
h
Sold
Bonds
I
An issue of
—
con-
struction bonds amounting to $20,was purchased recently by the
000
|
First National Bank, and the Gor-
*
|
don-State Bank, both or Gordon,
jointly, as l%s. These bonds were
authorized at the election held
I;.
-
p
f§ "
II
-
Keena, N. H.
V Note Sale
The $200,000 tem-
—
porary notes offered for sale on
April
29—v.
awarded
p. 2347—were
Merchants Na¬
163,
the
to
at a dis-
tional'Bank, of Boston,
|
count
1946.
of 0.478%.
Dated May 1,
Denomination $1,000. These
notes
due
Dec.
1946.
The next highest bidder was the
First National Bank, Boston, at a
|
are
on
10,
Bond
Sale—The
$200,000
tem¬
notes offered for sale on
May 1 were awarded to the Sec¬
porary
ond National
Bank, of Nashua, at
discount of 0.485%. Dated May
a
1946
Denominations $25,000
$10,000. These notes are due
Dec. 17, 1946. The next high¬
1,
and
on
est bidder
Bank,
the First National
was
Boston,
at
Other
0.545%.
discount
a
bidders
of
were
as
follows:
I
-
Rate
Trust
Co., Nashua.0.56%
fhdian Head National Bank,
'Nashua
0.57%
NEW
JERSEY
Allenhurst, N. J.
Offering — B. H. Morris,
Borough Treasurer, will receive
sealed bids until 3 p.m. (DST) on
May 14 for the purchase of $31,000 consolidated improvement of
1946 coupon or registered bonds,
hot exceeding 6% interest.
Dated
July 1, 1946. Denomination $1,000.
Due July 1, as follows: $6,000 in
1947 to 1950, and $7,000 in 1951.
Bond
„
;
Hate
of
interest
ples of V\
or
*
be
must
in
be
to
multi¬
one-tenth of 1%, and
the
for
same
all
of
the
"
bonds.
able
they will be redeemed in the in¬
bonds of any maturity
be redeemed, the bonds of
to
such maturity to be redeemed will
be selected by lot.
Each bidder shall
bid the rate
be
borne
ples
of
or
one-quarter of 1%,
but not
or
more
than two rates of interest may be
Principal and interest
the
at
Allenhurst
pay¬
National
be for all of the bonds offered for
sale.
The bonds will be awarded
the
to
bidder whose bid provides
for the lowest yield on the prices
offered for the bonds, computed,
!
convenience
sion
each
of
bidder
the
Commis¬
shall
specify in
his bid the yield produced by the
offered for the bonds. All
bidders must contract to accept
delivery of Temporary bonds on
26, 1946. The bonds will be
general obligations of the Com¬
mission, and will be secured by a
first pledge of the net revenues
June
derived from the operation of the
bridge known as the Delaware
River Bridge across the Delaware
River between the
City of Phila¬
delphia, Pa., and the City of Cam¬
den, N. J.
The bonds are pro¬
posed
to
be
issued
of prpviding
demption, prior
Aug. 1, 1946, of
standing bonded
pose
for
the
pur¬
funds for the
to
re¬
maturity,
the
entire
on
out¬
indebtedness of
Commission.
The
proceeds
derived
from
the
sale
of
the
the
bonds, other than the accrued
terest
valorem
taxes.
As
between
lowest
same
in¬
least
Philadelphia,
*
equal to such deposit until
proceeds are used for the
such
amount of $31,000 and accrued in¬
,
terest, and to accept therefor the
least amount of
bonds, the bonds
to be accepted
being those first
maturing, and if two or more bid¬
ders offer to accept the same least
amount of bonds at the same low¬
est rate of interest then said bonds
V
,
■
-
ity of the bonds will be approved
by Wood, Hoffman, King & Daw¬
July 1, 1946. Denomina¬
tion $1,000. Principal and interest
payable at the City Treasurer's
office, or at the Chase National
Bank, New York City.
Separate
bids
Bidders must
interest
value of the
par
by Richard W. Stout, of Asbufy
,park, whose approving opinion
i; (% without
charge.
Bids
to
be
on
furnished by the Borough
^ Treasurer.
Enclose
certiifed
a
check for 2% of the amount of
the
bonds,
payable
Treasurer.
the
to
Borough
bonds and any profits made from
taxation
Riv*r Joint
Commission
(P. O.Camden), N J.
Bond Offering—Sealed bids will
:
v
?
-
,
«
be received until 1.30 p.m.
(DST)
on May 22, by Secretary
Joseph
June
I,
1946.
A
'
Due
'
and
come
derived
«
''
'•'»
'
1
.
■■
follows:
as
therefrom
are
ex¬
empt from taxation by the United
States of America under the Con
stitution
of
the
as
in force and under the exist¬
ing acts of Congress.
be
States
on
forms
Commission.
All bids to
furnished
Enclose
a
by
the
certified
check for $500,000.
Bond
will
receive
sealed
>
'
1
1
"J
.rnXvi.iii•»?£•%.
I'^-J
v
interest
will
said bonds at par. Said bonds will
be sold to the bidder making the
best
the
bid subject to the right of
City to reject any and all bids
and to
readvertise the
and
par
same.
interest
accrued
to
the
date of
delivery to the purchaser,
each bid, except the bid of
and
the State of New
received from
panied by
Mexico, if
it, shall be
tified
is
one
accom¬
deposit of 5% of the
a
amount of the bid in
cash
or
cer¬
check, payable to the City.
Bonds wil be prepared and print¬
ed by the City and the successful
bidder will be furnished with the
opinion
of
Pershing, Bosworth,
Dawson, of Denver.
Dick &
NEW
YORK
MM
of
Co.
Trust
of
Buffalo, New York,
and
Bridge
Authority (P. O. Buffalo),
New
Bond
Offering
Allen,
on
John
W.
Van
1962. The bonds will
after Jan.
or
at
of
and
1, 1952, as a
redemption price of
a
accrued
interest to
redemption, plus
a
date
premium of
their
par
value.
The
redeemable, prior
to their maturity, at the
option of
the Authority, as a whole or in
be
part to provide for the operation
of the Sinking Fund which will
be
established for their payment,
interest payment date on
or after July 1,
1947, at a redemp¬
tion price of par and accrued in¬
terest plus a premium of 1V2 %. of
on
Trust
Traders
&
turers
Buffalo, New
York,
on
in
Co.
their par value if redeemed
on
or
thereafter
fore Jam 1,
but
on
or be¬
1957,' or'& premiuim of
v5% of'their
value if redeem¬
thereafter^-No
'proposal
for
less than > all of the bonds will be
considered. Bidders should specify
in their proposals the rate of in¬
which
The
the
bonds
to
are
rate
specified must be
multiple of -% or 1/10 of 1 per
centum
and
must
be
the
same
fered
for
the
bonds
must
not
<
>
•
*•
\
what
May 25, 1946. The purchaser will
be given 72 hours' notice of the
time fixed for the
delivery of the
legality of the bonds
The
bonds.
and of the trust indenture will be
approved by Reed, Hoyt & Wash¬
burn, of New York City. The en¬
actment, at any time prior to the
delivery of the bonds, of Federal
legislation which in terms by the
omission of exemp¬
otherwise, subjects to a
or
or
income
bonds
of
which
includes
the
the
tax
class
a
or
interest
character
election
these
bonds will,
of the purchaser,
purchaser from his
obligations under the terms of the
at
relieve
the
contract
amount
Bidders
sale
of
purchaser
and
the
to
The settlement, announced by*
Attorney-General N. L. Goldstein,
ends a battle in which power in-J
terests had defended themselves f
for 50 years against
that the water be¬
successfully
claims
State
to
longed
and
State
should pay
t|
all the people of the
that private interests
for its use.
"while this action inthe law relating toAi
Niagara River, the principle |
established is a general one, and *11
sets
a
precedent applicable to
other State waters."
entitle
the
of
the
return
deposited with the bid.
submitting bids must
in
the
that
said
t
only
volves
the
"It establishes
this
in
he
State,
or
for the first time
in any States,"^
"the proposition
that
public waters of a State
for private purposes a
said,
where
used
are
charge may be made by
the State,
belong *
such gifts of nature
since
to all
people."
the
Annual payments
to
retroactive
July
of $1,100,000,
1, 1943, and
until 1957, are
the
agreement.
continuing
«
<
pro-'
The
subsidiary of the
Niagara Hudson Power system, is
prohibited from passing the water
in
vided
a
company,
rental
its customers in the
to
on
form of increased power
rates.
Bill
Approves
Governor
Gov¬
Life of Certain BondsGovernor
Dewey
approved re¬
erning
cently the Stephens Bill as Chap¬
977, Laws of 1946, amending
Section 11.00, Local Finance Law9
ter
provide the period of useful¬
to
bond
for
ness
issue
of
purposes
major repairs, alteration or exten¬
sion
of
waterway improvement
and drainage shall be 30 years,
and
for
maps,
assessments, de¬
of costs shall
termination
^
be five
years.
Bill for Consolidation of
Bridge
and Tunnel Authorities
Approved
Dewey signed re¬
cently the Coudert Bill as Chapter*
954, of the Laws of 1946, amend¬
ing the Public Authorities Law#
Governor
—
The
Chapter relates to the
of Triborough
new
consolidation
Bridge Authority and New York
City
Tunnel
Authority
into 3
single corporation to be known
Triborough Bridge and Tunnel
Authority,
providing for mem¬
as
bership
the board of the con¬
authority and authoriz¬
on
solidated
ing it to construct, maintain and
operate the projects previously C
under the jurisdiction of the orig¬
consolida¬
authorities before
inal
generally defining the
rights, powers, duties and obligations of the consolidated authority.
tion,
use
the bidding forlms prepared
by the Authority.
Bidding forms
and pertinent data with respect
to
State
a
purposes.
about
or
and
State
The
'
is
Offering—It
announced by
Chairman
the
and
that the
v
William L. Fanning,
information
pledge
of
relative
revenues
the
to
and
other
provisions of the trust indenture
to
be made with the Trustees may
be obtained
Authority
Enclose
a
by application to the
the above attorneys.
or
certified check for $58,-
of
above
Commissioners,
Fund will receive
proposals at its office, 625
York 22, N. Y.,
a.m. (DST), on May 7,
the purchase of fully regis¬
sealed
Madison Ave., New
until
for
10:30
York
New
tered
and
State
YoHk State lo^i «uhdivision
aggregating
o-.
New
bonds
consisting
$2,400,000
1 to 38.
in os.
-OLo
000, payable to the Authority.
street
Moore
improvement coupon or registered
bonds offered for sale on April 26
'Bond
Sale—The
$20,500
bonds
Co., of Buffalo, as 1.10s, at a
price of 100.16, a basis of about
1.05%.
Dated May 1, 1946.
De¬
nomination $1,000.
These bonds
are due on May 1, as follows: $3,500 in 1947, $4,000 in 1948 to 1950,
and $5,000 in 1951.
Other bids
30—v.
were
as
'"•Bidder"
<-
Tilney & Co.
Peoples Bank,-
.
.
<
'Rate Price Bid
1.10%
Haverstraw
1.20%
Newburger, Lceb. & Co.-—
1.4CY
Geo. B. Gibbon?.
National Bank
Haverstraw &
to
& Co., Inc.
lVzfc.
at
Trust
1 V2 %
for
*
-
100.00
school
$29,000
sale
on
April
2347—were awarded
Kirchofer & Arnold, of Raleigh,
163,
p.
Is, at a price of 100.206, a basis
of about 0.9t>9%. Dated March I,
as
Denomination $1,000.
1946.
bonds
1948
are
to
due on March
1956.
was
for Is, at a
The
next
s
For
These
1, from
highest
& Co.>
R. S. Dickson
price of 100.117.
100.06
Other bidders were
100.00
100.22 ; Bidder
100.11 R. S. Dickson &
Co.,
.
Co.
Sale—The
offered
bidder
follows:
County (P. O. Carthage),
North Carolina
awarded to the Marine Trust
were
i
NORTH CAROLINA
Haverstraw, N. Y.
Bond
,
York
Bond
Portfolio
Fund of
Insurance
New
bridge and the revenues
expected to be derived therefrom
any
before Jan. 1, 1952, or a premium
of 1 % of their par value if re¬
ed
purchaser at the
principal office of the Manufac¬
on
—
be redeemable
whole,
the
to
Federal
York
will
receive
sealed bids until noon (DST) on
May 15 for the purchase of $2,900,000 refunding revenue cou¬
pon or
registered bonds. Dated
May 1, 1946. Denomination $1,000.
1,
The bonds will be de¬
livered
tions
Secretary,
Due Jan.
the bonds.
repeal
Buffalo and Fort Erie
■+ *•,iv
J-.''Y-rwY
sonable and necessary expenses
time to time to the retirement of
bidder
i
Power
Erie, in the Province of On¬
tario, after providing for the rea¬
bonds will not be sold at less than
of
rate
the
or
Offering—Ida V. Malone, for all the bonds.* The
price of¬
Clerk,
of Buffalo, in the State of
York, and the Village of
Said
lowest
which
a
City
New
City
pledged to be payment of the
principal of the bonds and to con¬
tribute to such sinking fund not
less than $50,000 and not more
than $290,000 in each year and to
supply such sinking fund from
the
bidder
purchase said bonds;
terest
Albuquerque, N. Mexs
operation of the inter¬
national bridge, now maintained
and operated by the Authority over
the Niagara
River between the
thority to establish a sinking fund
will
bear.
NEW MEXICO
the
from
at
said
any,
,
Use—The Niagara Falls
Co.
agreed recently in
Solicitor-General Orin G. Judd*
proceeds
of the
bonds,
together
with
other
available
funds, are to be used to retire all
of the outstanding bonds of the
Authority. The bonds are to be a
first charge
on
the tolls, rates,
rents, fees, charges and other in¬
come
derived by the Authority
purchase
which
at
par
if
to -Fafc
for Water
Co., of Buffalo.
The
(b)
above
deemed
United
Trust
Traders
&
Manufacturers
Lynn B. Spencer of Welland,
Ontario, as Trustees. The Trust
Indenture will obligate the Au¬
premium,
'
.
•
Dated
inheritance
Pennsylvania and of the State of
New Jersey said bonds and the in¬
Costello, for the purchase of
$30,000,000 coupon or registered
bonds.
exempt from
of Pensylvania and the State of
New Jersey, and that without the
consent of the Commonwealth of
K.
refunding, bridge
are
(except
taxes) within the Commonwealth
now
Delaware
of said
the
and the Manuafcturers & Traders
date
any
of and
offered
bid
a
(a) the lowest rate of
the sale thereof
$1,000 the
submit
are
or
price
each
be submitted for
may
and the income derived therefrom
exempt from .taxation by the
Commonwealth of Pensnylvania,
the
terest)
operating and
maintaining the
bridge.
The bonds will be issued
under and secured by a Trust In¬
denture
between
the Authority
prior to their ma¬
turity, at the option of the Au¬
thority, on any interest payment
son,
of New York City, whose
opinion will state that the bonds
gregate amount the amount, if
by which $2,900,000 exceeds
Fort
1965.
will
be furnished to the
purchaser
.
as
Dated
of
more
follows:
$1,000 in
1949 and 1950, $2,000 in 1951
and 1952, $3,000 in 1953 and
1954, and $5,000 in 1955 to
1V2%
*
•'
1,
bonds
bid¬
bonds offered for sale. The
legal¬
ity of the bonds will be examined
y
July
thereof; that the transfer
than
7
and 1952, $3,000 in 1953
1954, $5,000 in 1955 to
1965, and $6,000 in 1966.
67,000 Storm Sewer bonds. Due
price shall not exceed by
,
%
1951
offering to pay therefor the
highest additional price, which
or
bonds.
and
par
ders
If-
Sanitary. Sewer
Due July 1, as follows: $1,000
in 1949 and 1950, $2,0C0 in
political subdivision there¬
by the State of New Jer¬
sey and any political subdivision
will be sold to the bidder
.
,
73,000
in
payment of said bonds. The valid¬
bidders offering
to pay not less than the
principal
$1,000 July 1, 1949
to 1958.
Pa.,
to the bidder
or
bonds. Due
in¬
terest rate the bonds will be sold
s|.y
bonds. Due July 1, as follows:
$1,000 in 1949 to 1964, and
$2,000 in 1965 and 1966.
10,000 Public Park Improvement
will be deposited in the
of
1946, to their maturity and by
deducting from such aggregate
amount the premium offered, if
any,
or
by adding to such ag¬
(excluding acrued in¬
by the purchaser.
Principal and interest payable at
20,000
Utility Company Agrees
official termed a v
precedent-setting action to pay,
net interest cost shall be deter¬
mined
by
computing
the ag¬ New York State $13,200,000 for 12*
gregate amount of interest pay¬ years' diversion of Niagara River
for hydro-electric
power
able on t|ie bonds from May 1, water
The
any,
1956, $4,000 in 1957,
$5,000 in 1958 to 1962.
Fire Fighting Equipment
thereon, together with other
City
net
lowest
the
in 1951 to
funds made available
by the Com¬
the
in
results
posal
of ) A
(State
York
New
ac¬
and
specifying:
Land Title Bank & Trust
Co.,
proposals at the
50,000 Public Library bonds. Due
July 1, as follows: $1,000 in
1949, $2,000 in 1950, $3,000
issue.
which deposit will be secured
by
bonds of the
United
States of
America having a market value at
ad
*
1966.
from the date of the bonds to the
date of maturity of the bonds. For
the
as
and
to
according to standard basis tables,
will be general
obligations of the
Borough, payable from unlimited
1949
1951
No bid of
1966.
year
July 1,
follows: $5,000
1950, $20,000 in
1958, $30,000 in 1959,
$35,000 in 1960, $40,000 in
1961, and $45,000 in 1962 to
in
rate for bonds matur¬
one
been
authorized pursuant to the
Local Bond Law of the
State, and
Due
prescribed for bonds maturing in
the years 1946 to 1954, inclusive,
and but
and
$2,842,000
interest cost to the Authority.
rates of interest to
one-eighth
than
less
$500,000 Civic Auditorium bonds.
specify in his
by the bonds in multi¬
one-tenth,
Bank & Trust Co. Said bonds have mission,
7
maturities
their
of
order
verse
price
Bidder
Nashua
redemption,
less than par and accrued interest
will be considered.
All bids shall
Nashua, N. H.
1
..
for
called
are
ing in the
rate of 0.54%.
.
bonds
be
crued interest. The bonds will be
awarded to the bidder whose pro¬
Unless all of the callable
amount.
standing
'.'i
.7:
principal amount thereof,
together with a redemption pre¬
mium
of
2%
of said
principal
are
NEW HAMPSHIRE
'
the
to
on
of
amounting to $720,000 to
bear not exceeding 6% interest:
in¬
any
and, if less than all of the out¬
Jan. 29.
.
§j
I'
on
on
date
on
or
price equal
payment
May 28, for
the following
p.m.
bonds
will be subject
the option of
after June 1, 1951, at a
2
purchase
as
.
follows!
Price Bid
'
:
7-
$29,000, Is —-—--100.11::
WWVMI
'Al '
*
>•
-.
w.v'
V".
•;
V'yi": >?;-,'{iV'-'V
Volume
51
163
Number 4487
J. Lee Peeler & Co., Inc.,
tified
and
(These
jointly,
$29,000, Is
Vance Securities Corp.,
Durham, and
McDonald-Moore
100.003
& Co.,
Bloomingburg Sch. Dist. (P. O.
Bloomingburg), Ohio
voters
100.042
Citizens Bank & Trust Co.,
Southern Pines,
$29,000, iy4s
Provident Savings Bank
& Trust Co., Cincinnati,
For $4,000, 3s and
$25,000, iy4s
Fox, Reusch & Co.,
For $4,000, 4s, and
$25,000, iy4s
E. J. Prescott & Co.,
For $6,000, iy2s, and
$23,000 Is
the
Bond
100.004
N. C.
Inez
B.
Authority has
on June
1, all
of its series A, housing authority
bonds, maturing on June 1, in
1947
to
1954,
and
accordingly
principal thereof and accrued interest, together with a redemption
premium of 3y>% of the principal,
will be paid at the Security Na¬
of
Greensboro
ceases
on
Other
Bids—The $95,000 water
bonds awarded April 23 to Fox,
Reusch
& Co., of
Cincinnati, and
5s, 2y4s and lV4s, at
a price of
100.06, a basis of about
1.49%—v.
163,
p.
2347—were
bid
as
for
follows:
as
Price Bid
Bidder
First Securities Corp.,
Earl
E.
at
tion
the
the
by
A.
2V4s
Corp.,
Greensboro, and
McDonald-Moore & Co.,
jointly,
For $75,000 2s, and
$20,000 2y2s
100.00
.
Securities
notes.
100.10,
to
April
Sch.
Dist.,
of
L.
Car¬
purchase
of
multiple of
the bonds au¬
a
thorized at the November election
blanks
to
be
fur¬
bonds
Dated
opinion
$1,000.
at
purchaser's
expense,
Enclose a certified check for $10,000, payable to the Board of Edu¬
cation.
Bexley City Sch. Dist., Ohio
Bond Offering—L. M. Krumm,
District Clerk, will receive sealed
bids until 7.30 p.m.
(EST) on
May 23 for the purchase of $60,000
2% building bonds. Dated June 1,
1946.
Denomination
$1,000.
Due
Dec. 1, 1947 to
$3,000 June and
1956. Bidders may bid for
ferent rate of interest in
a
a
dif¬
multi¬
ple of JA of 1%. No bids for less
than par and accrued interest.
Authority: Sections 4005-2 and
2293-19 and 2293-23, of the Gen¬
eral Code of Ohio.
Enclose
a cer¬
Nov.
next
hall
56,000
Sch.
water
Okla.
Dist.,
Held—The
submitted
the
to
election held
$8,500
fol¬
voters
at
April 23:
on
equipment
construction
2,700 school transportation equip¬
All
$150,000 build¬
for
sale
bonds
are
due
bonds.
1, from 1947 to 1966. The
highest bidder was Strana-
han, Harris & Co., Inc., for 2V2s,
a price of 100.074.
at
these
bonds
are
due
in
10
years.
on
on
Cashing,
Bond Offering
City
Loren Crook,
receive sealed
on April 23,
for the purchase of the following
bonds amounting to $420,000:
i
$225,000 Park bonds. Due $12,000
bids
Clerk,
Okla.
—
until
will
7:30
Ohio
White & Co.,
on
(State of)
Buyers
May 1
as
Hesitant—J.
A.
Cincinnati, reported
follows: Bids in the
Ohio municipal market have been
adjusted downward again during
the past
week, to allow for lower
in the Government bond
prices
market and also for the reluctance
of retail buyers to take on mu¬
nicipals in the present uncertain
state
of
of
the
the
yield
market.
on
stands today at
20
Our
bonds
1.21%, compared
hi'ghest
A;
responsible bidder subject ;toaapproval of the authorizing proceed¬
ings by the Department of In¬
cepted.
The
purchaser
will
re¬
ceive without
charge the opinion
of Burgwin & Churchill, of PittsDurghj that the bonds are 'Valid,
;
general obligations of the Borough
payable from adt ^valorem i taxes
levied on all taxable real property
within the Borough without limi¬
tation of rate or amount. Enclose
certified check for $4,000, pay-,
Borough.
••
a
able to the
•
-j
-•
^
■{£ $ 'fa- X'
'/if'
Geistown, Pa.
Election
Bond
mitted
—
An
issue
of
street
proved by Chapman & Cutler, of
Chicago. The next highest bidder
was
R. J.
Edwards, Inc., the First
National Bank & Trust Co., Okla¬
homa City, and the Small-Milburn
improve men t:;borids
amounting to $35,000 will be sub¬
incinerator
100,000
sewer
bonds.
bonds.
1949
to
Township (P,. 0.
Havertown), Pa. '
due
are
serially
Wilson Sch. Dist., Okla.
Bond Offering — W. L. Bays,
receive
on
of
sealed
Education,
bids
until
8
May 6, for the purchase
$134,000
Bond
Offering
—
Robert
\
'
•
Scott
receive sealed bids until 7.30 p,m.
On
May 13, for the purchase of
$66,000 refunding coupon bonds,
bear
to
2%.
interest
not
exceeding
Dated June 1, 1946. Denom¬
ination $1,000. Due June 1 ;as fol-"
lows: $4,000 in 1947 to 1952; and
any one
1970.
p.m.
elec¬
Haverford
received
185,000 sewage disposal bonds.
50,000 Shawnee Creek bonds.
All these bonds
the
at
May 21. r'
on
$3,000 in 1953 to 1966. Bids will be
75,000 airport bonds.
in
voters
Noone, Township Controller, will
Shawnee, Okla.
Bond Sale Postponed—The sale
of the following bonds amount¬
100,000
the
to
tion to be held
Co., jointly, for $165,000 IV2S, and
$10,000 iy4s.
refunding
bonds.
bonds are due $7,500
in
to 1965, and $6,500 in 1966.
1949
and
accrued
certified
interest.
check
for
Enclose
2%
of
a
the
for "the
entire
issue
rate of interest but
ai
bic
no
combining two different rates 0/
interest will be accepted. Regis¬
tered as to principal only.
The
bonds
and
the
interest
will be payable without
.
thereon
deduction
for any tax or taxes, except suc¬
cession,
or
inheritance taxes, iiqw
hereafter
or
thereon
levied
under
any
assessed
or
present
01
future law of the Commonwealth,
all of which taxes the Township
Milton
the
Whitman,
City Recorder, will receive sealed
bids until 7:30 p.m. on May 27,
for the purchase of $300,000 sewer
coupon bonds, to bear not exceed¬
ing 2% interest. Dated June 1,
1946. Denomination $1,000. These
bonds are due on June 1, as fol¬
lows:
$11,000 in 1947 to 1951,
$12,000 in 1952 to 1956, $13,000 in
1957 to 1960, $14,000 in 1961 to
1964, $15,000 in 1965 to 1967, and
$16,000 in 1968 and 1969. Optional
on or after June
1, 1955. Princi¬
pal and interest payable at the
City Treasurer's office. The ap¬
proving opinion of Teal, Winfree.
McCulloch, Shuler & Kelley, of
Portland, will be furnished the
purchaser.
Enclose
a
certified
check for $3,000.
Offering
—
will
be
awarded
to
the bidder offering the lowest rate
of interest and agreeing to pay
par and
a
accrued interest. Enclose
certified
check
for
2%
of
the
amount bid.
McAlester,
Bond
Okla.
Election—The
following
bonds amounting to $1,328,500 will
Secretary,
will
receive
(EST) on
May 20 for the purchase of $75,000
street
sewer
ment
bonds.
The
and
highest,
par
sale
to
re¬
one
with
offers
ac¬
the
take
interest
to
cost
mium
offered if any, over. and
the face amount of the is¬
sue.
These
payable
obligations
from
ad
will
valorem
Federal legislation, which in terms
by the repeal
emptions
to
est
or
omission of ex-/;
or
otherwise,
subjects
Federal income tax the inter¬
a
bonds of a. class or charac¬
on
ter
will,
which
includes these bonds,
the election of the pur¬
at
chaser, relieve the purchaser from
his obligations under the terms
of the contract of sale and entitle
deposited
$400,000 issue approved in 1940.
Ambridge, Pa.
with
the
the:-,.; ";
bid.
issued subject to
are
|
the favorable opinion of Townsend, Elliott & Munson of Bhila,-;
delphia, and will be delivered ,to
the purchaser only if and after
the
a
be;
taxes.
The enactment, at any time prior
to the delivery of the bonds;-of
issuance
the balance of
the
above
Dated
are
complied
of
lowest
and water
improve¬
May 1, 1946.
Denomination $1,000. Due May 1,
as follows: $12,000 In 1950, $5,000
in 1951 to 1962 and $3,000 in 1963.
These bonds
than
Township, which shall be deter¬
mined by deducting from the tot,a!
amount of interest to be paid on
account of such bonds during the
life thereof, the amount of pre¬
amount
E. W. Devitt,
Borough
having
These bonds
Aliquippa, Pa.
Bond
less
not
interest.
the purchaser to the return of
PENNSYLVANIA
sealed bids until 7 p.m.
bonds
is
crued
conditions
City, Ore.
40
$3,000 in 1956.
bid
the whole amount of the issue at
Bond Offering—J. D.
,in
The
responsible bidder, provided such
who,
OREGON
n
1949 to 1965, and $21,000
1966,i.j -jyrj'mo's
'
I,'. - J'
,150,000 City10Kfcill bonds. Due
$19,000.tOi 1.955, and
(,i
$17,000 in 1956<ofb;<j i?>-;
00
45,000 Fire Station;!bonds. DUe
$6,000 in 1949 to*-1955. and
and agrees to pay.
The
will be sold to the highest
sponsible bidder shall be the
amount bid.
•>(j
index
Ohio
bonds will be sold to the
Interest payable M-N.. Legally ap¬
p.m.
,
Bond
Dist., Okla.
$175,000 build¬
ing bonds offered for sale re¬
cently were awarded to the Sand
Springs State Bank, as iy4s, at a
price of par. Dated May 1, 1946.
con¬
sanitary
and 72,500
bonds.
Election
ment
May 1, 1946. Denomination
These
system,
were
the
primary
April 26-v. 163, p. 1778 — were
awarded to Ryan, Sutherland &
Co., of Toledo, as 2s, at a price of
100.87, a basis of about 1.90%.
nished by the Board, and the legal
city
bonds.
offered
Sch.
on
lowing bonds amounting to $11,200, not exceeding 5% interest,
May 7.
Bond Sale—The
fol¬
held
election
$20,000
Chandler
Ohio
ing
Held —The
system;
sewer
sewer
$60,000 construction bonds will be
on
Springs
Bond Sale—The
offering the lowest rate of
interest and agreeing to pay par
and
works system
Bond Election—The issuance of
vote at the
on
equipment; 5,000
equipment;
6,000
storm
street
Maple Heights City School District,
$4,000 March and Sept. 1,
1947 to 1960, and $4,000 March
and $5,000 Sept. 1, 1961 to 1969.
Bidders may bid for a different
Bond
the
30:
Bond
Due
1945.
Election
at
April
(P.
„
assumes
voters
Bond Election—An issue of fire
multiple of
,
bonds
held
election
lowing bonds amounting to $159,500, to bear not exceeding 3%
interest, were submitted to the
Groveport, Ohio
a
present or,future law of the Coirimonwealth of Pennsylvania'/ The
bidder
the
Britton, Okla.
con¬
in
for any taxes (except
gift,., succession
or
inheritance
taxes) levied pursuant to any
The bonds will be awarded to the
at
Bond
primary election to
a
interest
voters
April 30.
May 7.
submitted to
The next highest bidder
will
amounting to
of
y4 of 1%, and must be the same
for all of the bon ds, Registerable
as to principal only, : The
principal
arid interest are payable without
These
Ohio
Jasper Twp., Local Sch. Dist.
O. Milledgeville), Ohio
were awarded to R.
W. B. Askew.
Sand
rate
$7,500, to bear not exceeding 5%
interest, was submitted to the
amounting
to
$91,200 will be submitted to the
on
recently
Edwards, Inc., and C. Edgar
Honnold, both of Oklahoma City,
Clerk of the Board of
Brinkman, Okla.
primary election to
May 7.
the
follows:
as
Bond Election Held—An issue of
bonds
at
de¬
are
bonds.
the
struction
bonds
$100,000 sani¬
tary sewer and disposal plant;
5,000 fire department and fire
fighting
apparatus,
and
3,500
public
cemetery
improvement
bonds
on
These
water system bonds
election
in
30.
scribed
amounting to
$112,000 will be submitted to the
held
Okla.
was
high
to $590,000 has been post¬
poned until 8 p.m. on May 17:
$80,000 water works bonds.
on
May 7.
at
sale
$1,000. Due $10,000 May 1,
1948 to 1967, Bidders to
name,the
ternal Affairs. No bid for less than
Moore, Okla.
Sale—The $110,000
Bond
tion
par and acrued interest or for less
than all of the bonds will be ac¬
ing
submitted
the primary election to be
Glandorf Sch. Dist., Ohio
Election — An issue
of
Ohio
bid
a
the voters at the election held
bonds amounting to $60,000 will be submitted to the vot¬
$193,000 3% building bonds. Dated
May 15 1946. Denomination $1,000.
are
price
a
13/4s.
as
struction
Clerk of the Board of Educatino, will receive bids until noon
% of 1%. These
The
Halsey,
Bond Election Held—An issue of
Bond Election—An issue of fire
per,
in
1958.
was
Toledo, jointly, submitted
May 7.
interest
to
Co., for iy4s, at
$108,500 bonds
station
on
cemetery depart¬
ment equipment bonds.
16,000 fire department equipment
was
OKLAHOMA
Liverpool, Ohio
Bond Election—An issue of
Bettsville Local Sch. Dist.,
of
1947
Bethany,
City Treasurer's
opinion of
Squire, Sanders & Dempsey, of
Cleveland, will be furnished. En¬
close a certified check for
1%,
payable to the City Treasurer.
Granville
100.06
of
$86,000 water works bonds was
station
and
equipment
bonds
purchased recently by Widmann
amounting to $25,000 will be sub¬
Co., and Pohl & Co., both of mitted to
the voters at the primary
Cincinnati, and Associates, as 3s.
election to be held on
rate
100.02
Stranahan,
The approving
voters
the
from
Stuart &
est payable at the
held
and
J.
highest bidder
1, 1946. Denomina¬
tion $5,000, one for $5,500.
Due
Dec. 1, 1947. Principal and inter¬
at
water
100.00
of 100.149.
—
&
for
V/0
l>/4%
Bank
Dated June
be held
16
100.01
Savings Bank &
Co.
due
are
Archbold, Ohio
May
i'/v
$174,000 build¬
ing bonds offered for sale on
April 27-v. 163, 2065 — were
awarded to Braun, Bosworth
&
Co., Inc., and McDonald & Co., of
Cleveland, jointly, as iy4s, at a
price of 100.501, a basis of about
1.17%. Dated May 1, 1946. De¬
nomination $1,000.
These bonds
next
promissory
60,000 housing facilities bonds.
45,000
street
facilities
street,
school building bonds offered for
of
ers
ties bonds.
100.51
Harris & Co., Inc.,
and Ryan, Sutherland & Co., both
be
issue
f»'"»r.^ry^^.yy>i'nyt»f»-<fr
deduction
100,000 highway bonds.
62,500 park and recreation facili¬
Bid
l%
Agnes Brown
Cain,
City Clerk,
will receive
sealed bids until noon (EST) on
May 17 for the purchase of $25,-
voters
OHIO
on
Co
(P. O. Willoughby), Ohio
Columbus, Ohio
construction
Offering—Glenn
National
Bond Sale—The
about 0.815%.
office.
410,000 sandy creek canal drain¬
age project bonds.
155,000 water works improve¬
Willoughby Twp. Local Sch. Dist. jointly.
School
Local
&
National
Trust
$14,000
Bond
of
Bond
Old
Rate
Provident
Sale Details—The
2%
sewer and dis¬
posal plant facilities bonds.
bonds.
White
Peoples
asked to
of
held
purchased
Wapakoneta
$42,000
recently to
Co., of Columbus, as Is,
at a price of 100.68—v. 163, p. 2064
—mature as follows: $3,000 April
and $4,000 Oct. 1, 1947 to 1952.
Dated April 1, 1946.
Denomina¬
tion $1,000. Net income basis of
National Bank
Purchased—An
of
First National Bank,
school bonds awarded
East
jointly,
For $10,000 6s, $33,000
13/4s, and $52,000 iy2s__.lOO.OO
R. S. Dickson & Co.,
For $47,000 2s, and
$52,000 l%s
100.001
Bonds
election
was
May 14:
Price
the Ohio
Offering
6, 1945,
by
the
Bidder
be
issuance
the general
on
$480,000 sanitary
follows:
as
District, Ohio
Note
issue
Bank, of Delphos, as Is, at >1
price of 101.08. Other bids were
J.
stated
is
will
voters
at
recently
amounting to $113,-
Winchester
Bond
Purchased-—An
Nov.
on
of
construction bonds.
Canal
J. Lee Peeler & Co., Inc.,
Vance
ized
Ohio
issue
Heininger, Village Clerk,
the May 7 primary elec¬
on
sewer
Durham, and
Sanford,
For $95,000
Bonds
election to be held
ment bonds.
500
date called.
Sanford, N. C.
Associates,
Dist.,
An
—
Election—It
(Ra¬
leigh Branch), or at the Chemical
Bank & Trust Co., New York City.
Interest
Sch.
Local
bonds
Bond
ago, and with
be submitted to the voters at the
$70,000 resurfacing bonds author¬
primary election to be held
May 7.
on
week
a
Wapakoneta, Ohio
on
$45,000 construc¬
Election
that
100.01
Housing
Bank
of
pass
1.30%
.98% and 1.25% two weeks ago.
Butler, Ohio
100.017
to redeem
tional
primary
to
at the
Jones, Secretary of the Author¬
ity,
has
announced
that
the
Raleigh
asked
000 will be submitted to the voters
pass
—
be
issuance
school
Raleigh Housing Authority,
elected
and
tion bonds.
100.017
—
Redemption
will
Brunswick
For
Bond
respectively, compared with 1.02%
election scheduled for May 7 the
$19,000, IV4S, and
$10,000, Is
also
a week ago, and with
1,12% two weeks ago. The indices
for 10 high grade names and for.
10 lower grade bonds, stand
today
at yields
of 1.06%
and 1.36%,
May 2.)
on
Bond Election—At the
For
,
with 1.16%
payable to
the bonds originally
are
scheduled to be sold
For
^Jointly,
j
check for $600,
the Board of Education.
ft. S. Hays & Co., Inc.,
>r<
wpYV*1',' y
•.. .'
•
THE COMMERCIAL & FINANCIAL CHRONICLE
proceedings
thereof
authorizing
the
have
ap¬
been
proved by the1 Department of In¬
ternal Affairs/
Enclose. a * certf- /
fied
check
amount
for
2%
of
the
face
of the bonds, payable to
Township Treasurer.
'
Hazelton City Authority
^
(P. O*
i
1... i Hazelton), Pa. ; .)
*
Offering — Walter WuyBorough Secretaary, will 1 Additional Details-rThe $2,044,receive sealed bids until 7 p.m
000
refunding bonds ($1,000,000 !
(EST) on May 20 for the purchase 2s, due 1959 to 1974, and $1,044,-
Bond
-
cik,
of $200,000 borough coupon bonds
Dated May 1, 1946. Denomina¬
000
2V4s,
nonfltr
due
1973
Kinrnhacprl
Vw
to
TP.
1983)
TT
re-
Rollins
1
^axaa>j
t.
—
«
*»*»■• •*■ '•»»•»»**"""
^wwwhwiwwbiwww^^''^^6-^
J63, p. 2348 — are
scribed as follows:
p
Bond Redemption—R. Rex Wal¬
lace, Executive Director of the
Authority, has announced that
the above Authority has elected
to redeem on June 1, all of its
Housing Authority bonds (First
Issue)), series A, maturing on
June 1, 1947 to 1954, and accord¬
ingly on June 1 there will become
bidders
Price Bid
Bidder
l%% Bonds
Stroud & Co., and
Sheridan, Bogan Co.,
jointly
—100.047
Graham, Parsons & Co.,
For
inverse numerical order
and
1, 1953, at 105; on March 2, 1953
to March 1. 1958, at 104; on March
jointly
Halsey, Stuart & Co
2, 1958 to March 1, 1963, at 103;
on March 2, 1963 to March 1, 1968,
at 102; on March 2, 1968 to March
Blair & Co., Inc., and
E. H. Rollins & Sons,
1
due and
Charles Clark & Co.,
—100.375
100.09
For W'2,% Bonds
payable on each of said
bonds, the principal thereof and
accrued interest, together with a
redemption premium of 3V2% of
the
principal, at the Hamilton Na¬
tional Bank, KnoxviUe, or at the
National
City
Bank,
New
York
!
,
Monday, May 6, 1946
the Cumberland
u,iu
V
* m
Tenn.
upon 30 days' prior notice, at the
following prices, plus accrued in¬
terest: On March 2, 1951 to March
-
M% f1v *
P/43, at a price of 100.426. Other
were as follows:
further de¬
Dated March 1,1946. Denomina¬
in part in
H.
CHRONICLE
Newbold's Son & Co., jointly, for
tion $1,000. All of said bonds are
hi1 subject to redemption, at any time
after March 1,1951, as a whole or
;
Co., Inc., and W.
Ripley &
Sons, of Philadelphia, and As¬
as previously noted in v,
sociates,
;
COMMERCIAL & FINANCIAL
THE
2498
,WWM.waMa«w».'
Corpus Christi,. Texas
increases Judgment—The
ties Corp., both of
Court
Nashville, at a
price of 100.05, a net interest cosi
of about 1.35%, as follows. F01
$40,000 maturing $8,000 June 1,
Texas, at Waco, upheld
1948 to 1952, as 2s, J. & D, $44,000
18 the action of the District Court'
Court
of
K
C'fvie Appeals for the
Judicial District pf
10th Supreme
April
on
I maturing June 1, $8,000 in 1953, icf Nueces County in increasing to
$9,000 in 1954 to 1957, as lV4s, $2,183,015.58 the judgment granted
J. & D., $28,000 maturing June 1, the Bondholders' Protective Com¬
$9,000 in 1958 and 1959, $10,000 mittee in behalf of holders of
in
1960, as lV2s, and $63,000 ma¬
turing June 1, $10,000 in 1961 to
1963, and $11,000 in 1964 to 1966
lVis,
Dated
Dec
1, 1945. De¬
nomination $1,000. The next high¬
est bidders were: Equitable Se¬
as
curities Corp., and Associates,
Nuveen & Co.
and
bonds.
water
revenue
court
had
granted
credit
of
$1,022,563
quence
of interest previously paid
creditors.
to
the
lower
city
in
conse¬
It
is expected that:
protest the Civic
will
city
A
the
Court's decision, thus staying ex¬
of
the
increased judg¬
ecution
John
jointly
102.01
1, 1978, at 101; thereafter at par to
ment.
In the decision ruling out
City.
Interest
ceases
on
date
maturity. Principal and interest Hemphill, Noyes & Co., and
Sumner County (P. O. Gallatin),
called.
the bond interest credit, Associate
payable at the Fidelity Philadel¬ Newburger & Hano,
T enn.
Justice J. W. Hale of the Civic
Lenoir City, Tenn.
jointly
101.286
phia Trust Co., Philadelphia. These
Bond Offering
Court stated as follows:
Hub Perdue
\ bonds, in the opinion of counsel,
Bond Call—S. H. Smith, City
"All interest payments in this
County Court Clerk, will receive
Scranton, Pa.
constitute valid and legally bind¬
Treasurer, has announced that sealed bids until 10 a.m. on May case were made by the
City vol¬
Bond Offering Details—In con¬ the series A, electric
ing obligations of the Authority
system reve¬
untarily without fraud or imposi¬
14, for the purchase of $25,Ov>
payable solely from the net reve¬ nection with the report in v. 163, nue refunding bonds No. 121 to school bonds to bear not exceed
tion of any kind and With full
-
-
—
of the Water Works Plant p. 2348—of the May 8 offering of
properties owned and oper¬ $220,000 not to exceed 3% interest
ated by the Authority. The Au¬
Ending and municipal improve¬
thority, in the opinion of counsel, ment bonds of 1946, the follow¬
has power and is obligated to fix ing additional details apply:
rates and collect charges for the
Dated May 1, 1946. Due May 1,
services furnished by the water as follows: $15,000 in 1947 to 1956,
system so as to provide revenues and $14,000 in 1957 to 1961. Bids
sufficient to pay as due, the prin¬ will be received for the entire is¬
cipal and interest on all of its out¬ sue at any of the above rates of
standing Water Revenue bonds, interest, but no bid combining two
including this issue, in addition to different rates will be considered.
paying the necessary expenses of Principal and interest payable at
operating and maintaining the the City Treasurer's office. Regis¬
system and to establishing funds terable as to principal only. These
to provide for reserves for debt
bonds will be payable from un¬
nues
lay,
and
.
June 1.
Neither
service and maintenance.
Commonwealth
Pennsylvania nor any political
City nor the
the
of
subdivision thereof shall be
gated to
pay
obli¬
the bonds or the
limited ad valorem taxes,
for
deduction
tax
any
without
or
taxes,
except succession or inheritance
taxes, now or hereafter levied or
assessed
thereon under
present
'
interest thereon.
\ic
-
•
Parhside (P. O.
Chester), Pa.
bonds offered for sale on
paving
May 1—
163, p. 2066—were awarded to
Schmidt, Poole & Co., of Philadel¬
phia, as IV4S, at a price of par.
Dated May 1, 1946. Denomination
V.
$1,000. These bonds are due on
May 1, from 1948 to 1957. The next
highest bidder was E. H. Rollins
& Sons, for l%s. at a price of
*
200.324,
<
*
Common¬
of the face
Swissvale, Pa.
Bond
Sale—The $125,000 fund¬
improvement bonds of¬
fered for sale on May 1—v. 163,
ing and
awarded
2348—were
p.
Is, at
000
in 1956, 1961, 1966 and 1971.
Bids will be received for the en¬
tire issue at any
of the above rates
of interest, but no bid combining
different
rates
will
be
con¬
sidered.
Registerable as to prin¬
cipal. The bonds and the interest
thereon will be payable without
deduction
a
for
any
taxes,
except
hoff,
City
Auditor,
sealed bids until 9
to
the
W. Kohl-
will
receive
a.m. on
May 13
for the purchase of the following
street improvement bonds amount¬
ing to $300,000:
$225,000 special assessment bonds,
not exceeding
6%
interest.
terest
attached,
coupons
at
the
Chemical Bank & Trust Co., New
York City, or the Hamilton Na¬
tional Bank, Knoxville.
Interest
ceases
Called—L. P. Jernigan,
Mayor, has announced that 4%
refunding
bonds
amounting
to
$48,500 are called for payment on
est
date
to
Bank
&
and accrued inter¬
par
called, at the Union
Co., Livingston.
Trust
Denomination
$1,000
or
major
fraction thereof. The bonds will be
and will be delivered to the pur¬
chaser subject to the approval of
sold subject to the approving opin¬
ion of Dorsey, Colman, Barker,
proceedings authorizing the
by the Department of In¬
ternal Affairs
and
the favorable
Scott &
Barber, of Minneapolis.
No. bids for less than par and ac¬
crued interest will be considered.
opinion of Saul, Ewing, Remick
A
* Saul, of Philadelphia. Payable
from ad valorem taxes within the
amount bid must accompany
oid.
taxing limitations imposed by law
upon ( Boroughs.
Enclose a cer¬
tified check for 2% of the bonds,
payable to the Borough.
certified
check
for 2%
of
the
each
Bonds Voted — It is reported
that the issuance of $20,000 sewer
bonds was approved recently by
he
voters.
for sale on May I—v. 263, p. 2266
—were ( awarded
to a syndicate
composed of A. Webster Dougherty
& Co., Singer, Deane & Scribn.er,
and Schmidt, Poole & Co., all o
Philadelphia, as l*4s. at a pric
of 100.60, a basis of about 1.18%
Dated June 1,1948. Denominatior
City Recorder, has anounced that
City's 2^4% series A, electric
system revenue refunding bonds
Nos. 29 to 92
ment
interest
ceases.
1,
called for pay¬
on
which date
$1,000.
June 1, 1950 to 1958.
Due
payment of
certified
check
for 29*
tric
163,
series A, elec¬
refunding
$82,000 and
April 23—v
for
sale
to
on
on
premiums and
interest
Trust Co., New York City, and the
Hamilton National Bank, Knox¬
ville.
157, are called for payment on
June 1, at par plus a premium of
3%.
Dated June 1, 1939. Denom.
$1,000.
These bonds are due on
June 1, 1949.
These bonds are
t.
at
par
plus
in
2211—were awarded to the
Securities Corp.. of
Nashville, at a net interest cost of
1.189%.
Dated
Dec.
1,
1945.
Denom. $1,000.
These bonds are
June 1,
Bond
Little,
is
stated
Recorded,
by
on
2%
Series A, bonds
134, to the amount of
are
called for payment
1, 1943. Denomina¬
Due June 1, 1951 to
Funds
for
the
payment
redemption
and
sewer
system'
at
the
First -National
this
this
cause
suit
Bank
Savannah.
Sweetwater, Tenn.
of
the
or
time
when
instituted."
was
County (P. O. Crane),
Purchased
Texi
/
issue
n
of
of
&
on
date called.
Crowe, of Dallas.
Cuero
TEXAS
Aransas Pass, Texas
Additional Information
It
—
is
Indep.
breakwater
dicate
bonds
headed
sold to
by
the
a
syn¬
Hanson-
Davidson Co., at 107.00, as noted
here recently, are dated Nov 1
1945, are in the denomination of
$1,000 each, and mature on Nov.
1 as follows: $17,000 in 1946; $18.000 in 1947; $19,000,1948 and 1949
$20,000 in 1950; $21,000,1951; $17,000, 1952; $18,000, 1953; $19,000,
1954; $25,000 1955; $26,000, 1956:
.
$27,000, 1957; $34,000, 1958; and
$45,000 in 1959( and 1960, givin
.
a
net income basis of about 1.73%
payable
by
M-S.( Legality
Vandewater,
Sykes
& Heckler of New1 York.
Mr. Brown also reports
authorized
that the
this
to refund
direct and
•
gen¬
eral
obligations of the District, are
payable from
advalorem
taxes
levied against all property-located
therein within the limitations pre¬
scribed by law. Lega ity approved
by Gibson & Gifostm of Austin.
1
1
Dallas City and 9
n'y Levee
Improvement D'
Dallas}
Debt
to
Be
(P. O.
B
'ed
Bondholders' Odt
its
Secretary, W
1504, 115
York
6,
N<
April
19
default
,
M..
1
in a
'ate of
of the
Nation
the t-
The
-roved
d
•
•
by
0
©ht-
he. dis-
pP
rict Court
New
v
Y.;
and
The
^~adford,
issue
proceedings' r-•
puding. indel
...
—
through
Room
-statement
ac-
of
payable
at
the
State
Treasurer's office. These bonds,
Caldwell County Consolidated
Approved—An issue e*
3% refunding: bonds amounting ts
$17,000 was approved on A
by the Attorney-General.
issue
interest
Sch. Dist. No, 29 (P. 0. Dale).
Texas
Bonds
Texas
Dist.,
$110,000 refunding bonds was pur-»
recently
by
Rauscher,
Pierce & Co., of Dallas, and the
Robert Mclntyre Co., of San An¬
tonio, jointly, at a price of 100.46,
a net interest cost of about
1.50%,
as
follows: for $78 n*X) maturing/
April 1, $2,000 in 1947 to 1950,
$3,000 in 1951 and 1952, $4,000 in
1953, $7,000 in 1954 to 1961, $4,000
in 1962, as l%s, and $32,000 ma¬
turing April 1, $9 'v 0 in 1962,
$7,000 in 1963 to 1965, and $8,000'
in 196.6, as iy4s. Dated March 10,
1946. Interest payab e A-O. All of
said bonds maturing in 1957 to
1966, are callable at par on and
after April 1, 1956. Principal and;
issued
amount -of
Sch.
Purchased—An
chased
stated by Mayor Conn Brown that
the
$370,000 21/2% seawall and
bonds
194l]
or
benefits
Crane
•rued
■
any
premiums series
W.
revenue
further
such
receive
date. Interest ceases
total
79, dated1 June I*
.0
Bonds
issue
was
$400,000;. $30,000 of
which, maturing $5,QQ0 from. Nov
F. Shaw,
1, 1952 to 1957, was sold to the
Town Recorder,
calls for pay¬ City Interest and Sinking Fund
ment on June 1, 5% water works
Account, at par.
—
recover
interest thereon to June 1,
1946, will be available at the
Guaranty Trust Co., New York
City, and the Commerce Union
Bank, Nashville, on or after said
approved
Called
had, to
of
and
Trust Co., New York City, or at
the Bank of Maryville, at the op¬
ceases-
the
1946, 1%% road bonds
amounting to. $150,000 was pur¬
chased
recently by William N.
Edwards & Co., of Fort Worth.
Dated March 15, 1946.
Legality
approved by McCall, Parkhurst
Interest
tion of the holder. Interest
on date called.
which
by
reason thereof was barred
by the
two or the four-yea
statute of
limitation, long prior to the time'
when such right w s
d asserted
in
Dec.
$1,000.
1957.
ever
ecure
June 1.
tion
it
interest payments or
to
Dated
those
"Moreover,*it conclusively ap¬
that the right of the City, if
Ed
that
to
fur¬
any
payments
pears
any
City
$82,000,
addition
from such
City should
receive and which the City has
already fully received.
from 1951 to 1957.
Call—It
permitted to reap
benefit
parties intended the
Interest J-D.
payable at the Chemical Bank &
date,, and a premium of 5% of the
principal amount thereof. Payable
June
ther
p.
on
equity, why the City should
Bonds
thereon due June 1, 1946, will be
available at the Chemical Bank &
Bonds
Assuming that they were
a mistake of
law, we
be
now
Cumberland
due
ac¬
pur¬
valid reason, either at law
no
in
or.
revenue
amounting
effered
actually
intended
made under
see
system
bonds
made
their
Sale—The
from
payment of the required re¬
demption
bond¬
postpone the
the principal.
Such
so
complished
poses.
Clay County Midway Rurr'
Bond Sale—The $175,000 serif^
Sch. Dist. No. 1 (P. O "
B, electric system revenue bonds
interest, plus a premium of off—
for sal? on A13HI 27-v. 163,
etta), Texas
>28.50.. Payable at the ^Guaranty p. 2210—were awarded to a
"nr#*
Approved—A'
syn¬
rust Co., New York City.
De¬ dicate composed of Davidson ' &
?%'
bonds ?r-rr
nomination $1,000.
bonds Co.,. of Knoxville, C. H. Little &
r".
„w--T
iUjmature on Jun^l,2965^
Co., of Jackson
^ Bradf
^
hv the Attorney-General.
ent
payments
of the face value of the bonds
Funds for payment of said bonds
and
the
use
ment of the latter to
a
Dated Dec. 1, 1943.
Denomination
Erwin, Tenn.
On June
are
June
on
at par and accrued interest to said
Bond Call—C. K. Lucas, Secreary - Treasurer, has announced
hat the Series A, electric
system
•evenue bonds, dated June %
1945,
Nos. 416 to 425 are called for
pay-
$1,000. These bonds are due $8,001
1, from 194? to 1966. Th •
highest bidder was Harrimar
Trustee's
compensating
ing of the bonds and legal opinion
Enclose
required
Watkins,
TENNESSEE
Bond Sale-~The$16Q,000 street,
sewer and funding bonds offered
County
of
of their money
and in consideration of the agree¬
said bonds and for payment of the
the
Nos. 10 to
Pennsylvania
.
the
Savannah, Tenn.
Roslyn, S. Dak.
Ridley Township fjp. 0. Folsom),
at
refunding
S.
and
office. Purchaser to pay for print¬
53
Maryville, Tenn.
than par and accrued interest to
the
highest responsible bidder,
issue
payable
interes
and
purpose
tion
they
as
time.
They
accepted for
and with the inten¬
made
so
holders for the
Principal
nue
Tenn.
time to
interest.
Nos.
1955, $1,000 in 1956, $3,000
in 1957, $5,000 in 1958, $1,500 in
1959, $2,000 in 1960, $4,000 in 1961,
$500 in 1962, $2,000 in 1963, $500
in 1964, $2,500 in 1965, $500 in
1968, and $4,500 in 1969.
Called—W.
were
from
the
semi-annual electric system reve¬
1948, $1,500 in 1950,
$2,500 in 1951 and 1952, $3,000 in
Bonds
existed
and $10,000 in 1948 and 1949. No
bids for less than par and accrued
000 in 1946 to
Loudon,
knowledge of all the facts
Winchester, Tenn.
Livingston, Tenn.
1, at
June i
$1,000. Due
follows: $5,000 in 1947,
Dated
Denomination
Bond
Bonds
June
interest.
4%
1946.
date called.
on
Bond Call—J. A. Crockett, Sec¬
75,000 city's portion bonds, not
exceeding 2% interest. Due retary-Treasurer, has announced
the series A, bonds Nos. 136 to
in iy2 to 9V2 years.
The bonds will be sold at not less
next
bond upon
per
surrender, with all unmatured in¬
Due in 2 to 9 years.
future law of the Commonwealth.
,
premium of $25
ing
June 1, as
Said bonds will be redeemed at
a
Bond Offering—Lydia
.gift,
succession
or
inheritance
taxes, levied under any present or
the
on
De¬
the principal amount thereof with
interest to date of redemption and
7
two
payment
1953 to
amount of the bonds.
price of 101.048, a basis of
Prospect Park, Pa.
about 0.833%. Dated May 1, 1946.
Bond Offering — Ralph A. HoDenomination $1,000. These bonds
iniller, Borough Secretary, will are due on May 1, from 1948 to
receive sealed bids until 8 p.m. on
1957.
The
next
highest bidder
May 8, for the purchase of 1, lVs, was the Mellon National Bank,
1!4, 1% or 1%%, refunding and
Pittsburgh, for Is, at a price of
coupon
bonds 100.89.
'improvement
amounting to $82,000. Dated May
1, 1946.
Denomination $1,000.
SOUTH DAKOTA
These bonds are due on May 1, as
Aberdeen, S. D.
follows: $26,000 in 1951, and $14,-
.
ivr
1,
wealth, all of which taxes the
City assumes and agrees to pay. 1946, and subsequent coupons at¬
tached.
Interest ceases on date
Legality approved by Townsend,
Elliott & Munson, of Philadelphia. canea. Datea uec. 1, 1946. Denom.
Enclose a certified check for 2% $500. Due Dec. 1, as follows: $2,-
Union Trust Co., of Pittsburgh, as
v
*
the
Cciuea
Issued Dec. 1, 1943.
nomination $1,000.
These bonds should have June
Bond Sale—The $25,000
*
of
law
future
or
•
are
g was
*
states
>
-
1
last.
•
Volume 163
Number 4487
m&eoilMiRCiAL^
The committee announces that it
has
exchanged
the
$4,048,000
bonds deposited with it under
a
deposit agreement dated July 1,
1941, for new refunding bonds of
the
dated
Oct.
1, 1945.
ready for
delivery to depositors with April
1, 1946 coupons attached.
Funds
to
The
bonds
are
these
pay
now
Hanover
been
paying agents
be
be
presented for
close
the
to
Bank
Central
Trust
and
Com¬
or to the Treas¬
Dallas Co., Tex., at Dal¬
The district now has avail¬
urer
of
las.
able in its 1945
se¬
curities, and in due course the
final cash
distribution, depositors
must surrender their certificates
of deposit to the Central Hanover
Bank and Trust Company, Reor¬
ganization Department, 70 Broad¬
way, New York 15, N. Y., accom¬
panied
by a letter of transmittal
properly executed. The new se¬
curities will be ready for delivery
and
after
April
Transfer books
will
April 20, 1946.
23,
be
1946.
closed
fcrr May
furnished by the district.
confirmed
paid
terms
by
the
interest
vious
1945
settled
were
by
all
pre¬
Oct.
1,
to
a
un¬
the
on
accrued
plan
cash
pay¬
of
approximately 8.24% of
their face amount as reorganized
under
the plan.
Eagle Pass Indep. Sch. Dist., Texas
Bond Sale—The $50,000 school
house
bonds
April
25—v.
awarded
of
San
offered
163,
J.
to
L.
a
as
sale
at
price
a
interest
net
on
2211—were
Wright & Co.,
Antonio,
100.065,
1.59%,
for
p.
follows:
o.
cost
for
of
$31,590
maturing $3,500 May 1, 1947 to
1955 as 1
and $18,500 maturing
May 1, $3,500 in 1956, and $3,000
in 1957 to 1961 as l^s. Dated
May
1, 1946. Denomination $1,000 and
$500.
The next highest bidder
was
Rauscher, Pierce & Co., for
$35,000 l%s, and $15,000 lV2s, at
price of 100.052.
Fisher County
(P.
Call
—
' Ilsa
McClure.
County Treasurer, has announced
that the $45,000 4%% court house
refunding bonds Nos. 1 to 45,
are
called for payment on June 1, at
par and accrued interest, at the
First National Bank, Dallas. For
convenience
of
ments
also
have
holders
been
arrange¬
made
to
take up these bonds at the
Capital
National
March
Bank,
1,
Austin.
1940.
Dated
Denomination
$1,000. These bonds
are due $3,000
March 1, 1941 to 1955. Interest
ceases
on
date called.
Bonds Voted—An issue of
Gaines County (P. O.
Seminole),
Texas
Bonds Defeated—It is stated by
C. C. Byars, County Judge, that
at the
election held on April 27,
following bonds aggregating
$1,475,000, were rejected: $1,250,000 road improvement; $100,000
county parks; $100,000 jail, and
$25,000 court house bonds.
the
Indep.
Sch.
Eond
Humble Indep. Sch. Dist., Texas
Bonds Sold—Andssue of $200,000
ceive
sealed
May
$100,000
bear
not
Dated
tion
construction
bids
Dist., Texas
W. H. Smith,
until
7:30
bonds
was
pur-
2hased
recently
by
the
R.
J.
Phillips Investment Co., and J.
Wylie Harris* & Co., both of Hous¬
ton, jointly,
These
as
bonds
IY2S, 2s and 21/4s.
authorized
were
the election held
at
April 6.
on
Kilgore, Texas
paving bonds amounting to $500,000 was
sold
recently to the Kil-
gore National
were
re¬
calling for
that he
payment at par on
June 1, Nos. 1
2 ¥4%
at the Central
Hanover Bank
Trust Co., New York
City.
Bank, as Is.
These
authorized at the elec¬
District,
—
June
$1,000.
I,
Due
1946.
Bonds Purchased
—
Indep. Sch. Dist.,
by the
re¬
Colum¬
Securities Corp., of Texas,
Antonio, and Associates, as
previously reported in v. 163, p.
San
are
further
described
1946.
These
May 1,
bonds
as follows:
due
are
on
$6 000 in 1947
to
1951, $8,CC0 in 1952 and 1953,
$12,000 in 1954 to 1961, $14,000 in
1962 to 1965, $16,000 in 1966 and
1967; $17,000 in 1968 and 1969, and
£18,000 in 1970 and 1971.
Bonds
terest payment date
and
par
accrued
are
any
op¬
in¬
thereafter, M
interest.
Prin¬
cipal and interest payable at the
Mercantile National Bank, Dallas.
Said bonds constitute general ob¬
ligations of the City, payable from
ad
valorem
taxes
levied
1,
1947 to 1956. It is the intention of
Bonds Purchased
series
of
—
An issue of
City Bank,
of
First National Bank,
Louis; First National Bank,
of
many banks in other cities
of
tional
as
County
Commission'
The
group
2% Bonds due 1972 to 1977
tional
1961
priced
at
Bessemer
Jersey
City,
bidder
00-
104 ¥2
Trust
I
Bond Sale—The $42,500 refund¬
for
Housing
at
Seagoville Indep. Sch. Dist., Texas
-
of
,
Conroe.
Dated
San Antonio.
the
was
Bonds
Sold—An
issue
of
well
under
Summer
by
way
as
Maryland has
available- $25,000,000 * fbr
building this year, and Wy¬
oming has earmarked a like sum
for its three-year
highway pro¬
gram.
State
bacco
Tax
Revenue
Increases
and tobacco
totaled
—
From
State
$164,200,000,
To¬
cigarette
tax revenue for
1945
increase
an
of 8.3% over 1944. In a
report of
the Federation of Tax Adminis¬
trators, the spurt in sales follow¬
ing the end of the war and the
imposition of higher tax rates
states
reasons
for
are
the
listed
in
in
the
as
increase
.
|
a
rev-
National
other
Sulphur Springs Indep. Sch. Dist.,
struction
Sold
—
crease
the
bonds
$60,000 con¬
purchased
were
as
2¥4S
and
2¥2S.
These
bonds
.
-
Valley Mills1 Independent School
District, Tlsxtts
■'1
Florida
of
27.8%
an
headed
showed
and
the
increase
of
in¬
an
Connecticut
followed
in
third place
rise of 15.8%.
;•
with
a
*
| The Federation reported th?t 31
states now have cigarette taxes
Capital National Bank, of
that vary from two to* five cents.
Sacramento, was the successful
Seventeen states are listed levy¬
bidder for the $1,047,000 Sacra¬
ing a tax of two cents per; pack¬
mento
Housing Authority, Cal.,
age
of cigarettes- while
and
eight
the
$461,000
Sacramento
states
collect three -cents ;per
County Housing Authority, Cal.,
pack. Florida; Massachusetts and
notes at .37%, plus a premium of
Mississippi collect four cent? and
$27 for each issue.
Arkansas, Louisiana and Okla¬
The
given new encouragement recently when materials for roads
eral
the
housing
from Fed¬
imposed to speed
program.
However,
materials and labor shortages will
still act as a brake on road build¬
ing in
the
some
States, according to
American
Public
Works
As¬
sociation.
In
!
homa collect five cents par pack.
In addition to the Federal and
State taxes, 27 cities, are reported
levying cigarette taxes of
cents per pack.
19
States
alone,
more
than
billion dollars worth of high¬
way
construction has been ap¬
proved.
Emphasis of many State
highway construction programs is
one
or
two
VIRGINIA
declared exempt
priorities
one
•<
with
notes at .69%.
were
The
Massachusetts
states
38.2%.
Bank
^
age of increase had raised their
tarxr rates on
tojbaccp during the
year.
Conn., notes
premium of $7.
Hartford
The
*
Authority,
$50,Bonds Purchased —An issue of on secondary or "farm-to-market"
the Board of Trustees to sell the 000
2%% series of 1945, school
gymnasium
construction
bonds roads though trunkline
bonds at the lowest interest cost house bonds
highways
was
purchased re¬ amounting to $30,000 was
pur- are getting their share of atten¬
tba* xvill brinv a price of approxi¬
cently by the E. Kelly Brown In¬ 1 chased
r
recently as 2s and 2¥ts, by tion.
.«
•
■
mately, but not less than par and vestment Co., of Dallas, at a price i
R. A. Underwood & Co., of Dallas.
The difficulty of
accrued interest. Bidders are re¬ of
determining
par. Dated Dec. 1, 1945. These Dated Feb.
1, 1946. These bonds costs in the face of
rising labor
quired to name a rate or com¬ bonds are due on Dec.
1, as fol¬ were authorized at an election and material
markets is another
bination of two rates with their lows: $1,000 in 1946 to
1960, $2,000 j held recentlv. Legality aporoved
snag retarding-iittinedlate cdh^
'
bid which is nearest par and. ac¬ in 1961 and 1962. *3.000
1*63 to bv McCall, Parkhurst and
Crowe, struction; in some States.; In ah
crued
interest.
Alternate
pro¬ 1966, $4,000 in 1967 to
1969, $5,000 of Dallas.
effort to keep prices down the
farm-to-market
road
successful
was
S to 25 yeafflhuicb
New Boston
Indep. Sch. Dist.,
Texas
its
expects to have
its $15,000,000 rural road
program
the
.72%, plus
was
iy4%
Bank,
of
Illinois
and country roads.
of
successful bidder for the
ing bonds offered for sale on April
25—v. 163, p. 2211—were awarded I $500,000, Forty-first series Hart¬
ford
Housing Authority, Conn.,
to the Citizens National
Bank, of
refunding bonds recently by the Sulphur State
amounting to $150,000 was pur¬ Bank, and the
City National Bank,
chased recently by the First Na¬
both of Sulphur Springs, jointly,
tional
comDletion
system.
some
Co.,
plus a premium of $1 and the
$500,000 Fortieth Series Hartford
to
103 ¥2.
T exas
of
r'qad
*
$380,000 Dothan enuq.
A rise of %t&% lit Federal to¬
Housing Authority, Ala., at .71%;
for general subscription
$1,250,000
$619,000 Superior Housing Au¬ bacco tax collections for the year
district bonds as follows:
thority, Wis.,, and $519,000 Selma was also reported. The Federal
1%% Bonds due 1947 to 1956
Housing Authority, Ala., notes at revenue from this source in 1945
priced to yield .50% to 1.15%.
totaled $937,200,000.
.70%.
Although all
1%% Bonds due 1957 to 1961
Salomon Bros.
&
Hutzler, of states recorded an increase in cig¬
priced to yield 1.20% to 1.40%
New York, were the successful arette and tobacco tax
returns,
1%% Bonds due 1962 to 1971 bidders for the
$457,000 Thirty- eight states listed # ihmp in r^v¥
optional 1961 priced at 104 to Ninth Series Hartford
enue of 10% or more.
The three
Housing
101 ¥4.
1 Authority,
Conn., notes at .70%, states with the greatest percent¬
Bonds
Purchased—An issue
spend
made
72%.
headed by Paine, Web¬
ber, Jackson & Curtis, and Raus¬
cher, Pierce & Co., Inc., is offering
Conroe), Texas
and
to
both
Costa
Bonds Offered for Investment—
Precinct No. 2 (P. O.
Bonds
intends
$27,000,COOP this year on
improvements# including
North and South. Carolina' are;
backing construction of paved
fol¬
$112,000 Atlantic City Au¬
thority, N. J., $930,000 Contra
order. Principal and in¬
terest payable at the San
Angelo
National Bank, San
Angelo, or at
the Northern Trust
Co., Chicago.
par.
ers
earmarked $5,000,000
is already initiated by
opening of bids for 1946; Michi¬
gan is receiving bids on the first
part of its $78,000,000 three-year
highway building program. •
lows:
—
Montgomery
to cost $10,-
program
Boston; Riggs National Bank,
Washington, D. C.; First Na¬
Bank,
of
Portland,' and
merical
refunding
Dallas.
program
lOklahoma
National
Sudan, Texas
bonds amounting to
$20,000 was
Bonds Purchased
An issue of
purchased recently by R. A. Un¬ street
United States
improvement
bonds
derwood & Co., of Dallas.
Dated amounting to $30,000 has
been
Highway Building Programs
April 10, 1946. Legality approved purchased
by H. L. Shaffer & Co., Given Boost—State highway con¬
by McCall, Parkhurst & Crowe, of of
Amarillo, as 2V^s, at a price of struction throughout the nation
1946,
road
mure than
Notes—
Cleveland;
of St.
.f
.
Award
Dated May 15, 1946. Denomina¬
$1,000.
Bonds maturing in
1962 to 1977 are
optional on and
after May 15, 1961 in inverse nu¬
A
rural
for county roads.
group headed by the Chem¬
Bank & Trust
C&# of New
cago;
as
follows:
against
all the taxable property located
Crandail, as 2s, at a price of par.
therein, as provided by law. Le¬ Dated June
15, 1946. Denomina¬
gality approved by Gibson & Givtion $1,000, one for $500. These
son, of Austin.
bonds are due on June 15, from
McLean Independent School
1947 to 1966. The only other bid¬
der was the First of Texas
District, Texas
Corp.,
interest.
Denomina¬
a
$20,000,000
York, and including the National part of its $10,000,000 highway
City Bajnk of New York, the program. Texas is letting its first
Bankers Trust Co.# the Bank of post-warcontracts lit the
State's
America National Trust &
Savings 7,205-mile farm-to-market pro¬
Association, of San Francisco; Na¬ gram.
'
tional
Bank
of
Detroit; Union w. NewJersey isstarting' workthis
Trust Co., of
Pittsburgh; Brown year on a State parkway joining
Brothers Harriman & Co., New the metropolitan area with 175 re¬
York
Trust Co.,
both of New sort districts. New YorkV
goliath
York; Northern Trust Co., of Chi¬ $255,000,000 highway construction
bian
An issue of
paving and water bonds amount¬
ing to $300,000 was purchased re¬
cently by the Columbian Secur¬
ities Corp., of Texas of San An¬
tonio, as 2V4S. Dated April 15,
p.m.
$10,000 June
to
:
in from; three to 10 years on
20,000
miles of country roads;;;
Pennsyl¬
vania is; plan
Housing Authority
Units
" ^
In the farm-to-market
category,
Kansas plans to spend
,
000,000* and; the Mississippi JJeg-
Of the $19,069,000
temporary loan
notes offered for sale on
April 30,
a total of
$14,586,000 was awarded
ical
more
than 135% of 1940 costs.
islature has
Housing
Bond Issue Details—The
$1,250,-
—
the
v
f
Federal Public
Legality
000 school construction
bonds
2348
at
UNITED STATES
Texas
purchased
voters
April 16. Interest
'
approved by McCall, Parkhurst &
Crowe, of Dallas.
cently
the
on
An issue of
recent election.
San Angela
by
payable M-S,
repair and equip¬
bonds amounting to
$300,000
wag
purchased recently by
R.
A. Underwood &
Co., of Dallas,
as 2s,'2%s and
2%s. Dated April
1, 1946. These bonds were author¬
a
purchased as
These bonds were
were
par.
approved
election held
construction,
ized at
here#at
Texas
Bonds Purchased
participate
Housing Authority,
Cal.,
tion held on April 2.
$2,327,000 Dallas Housing Author¬
ity,
Lamb County Road District No. 6 These
Texas,
bonds
$1,365,000
Denver
authorized
at
the
election held on April
(P. O. Ollcn), Texas
16, by a Housing Authority, Colo., $3,000,vote of 461 to 71, constitute direct 000 Hartford Housing Authority,
Bonds Purchased—An issue of
and
general obligations
road bonds
of the Conn., $1,091,000 Johnstown Hous¬
amounting to $150,000
^District and are payable from ad ing Authority, Pa., $170,000 King
was purchased
recently by Crumvalorem taxes levied
mer & Co., of
against all County Housing Authority, Wash.,
Dallas, as P/2S, 2s
property located therein with the $4,957,000 Pittsburgh Housing Au¬
and 2V2S. These bonds were au¬
prescribed
thorized at the election held on limitations
by
law. thority, Pa., $446,000 Southwest
Regional Housing Au¬
Legality
approved
March 16.
by
Wood Georgia
Hoffman, King & Dawson, of New thority, and $188,000 Tarrant
Levelland, Texas
York.
Housing Authority, Ala., notes at
Dallas.
2%
2%s,
&
April 1, 1946. Legality approved were authorized at
the election
10, for the purchase of
by McCall, Parkhurst & Crowe, of held on
March >30. Due in from
school house bonds, to
exceeding
noted
through 15 of the
refunding, series 1941 bonds,
tion
Bonds Sold—An issue of street
ls/4%
Offering —
Superintendent of Schools will
mu¬
light and power plant
bonds amounting to„ $162,000 was
favorably voted at the election
held on April 17.
3 ¥2%
i
Hawkins
postponed.
was
maturing in 1962 to 1971
tional Feb. 15, 1961, or on
O. Rohy),
Texas
Bond
is
in any building program in wnich
the costs of materials are
the Secretary • of the Board of
Educatidnf that the $109,000 con¬
struction bonds sold to R. A. Un¬
derwood ! & Co>
of Dallas, as
/
Panhandle, Texas
!
Bond Call—It is stated
by Nolan
Sparks, City Manager,
Federal Government has notified
States that it will not
Price PafdP-Ji Is now stated
by
ment
Hillsboro, Texas
bonds
the
court,
claims
bonds
ment
of
10,
WellingtettSch.: Dist. (P. O. <
Wellington), Texas
; '
Rosenberg Independent School
semi-annually.
The bonds will be
by the unqualified
opinion
of
Messrs.
the
$2,000,
on
Chapman and Cutler, of Chicago,
Under
1, 1946. En¬
School house
bonds which had been scheduled
accompanied
approving
by July
certified check for
nicipal
agents prior to Oct. 1, 1946.
In order to obtain the new
on
a
F.
payable to the District.
expects to deposit this
with the coupon paying
money
effected
2%
interest and sink¬
ing fund sufficient cash to pay the
Oct. 1, 1946 coupons as
well, and
the district
on
the
Bond Offering Postponed—It is
officially reported that the offer¬
ing of the $100,000 not to exceed
New York,
pany,
on
will ~ furnish
printed bonds, a copy of the pro¬
ceedings, the approving opinion
of Gibson &
Gibson, of Austin, or
of Chapman &
Cutler, of Chicago.
It is anticipated that
delivery can
the
either
payment
have
coupons
deposited with
and they must
a
District
*
district,
These
,2499
posals will be considered on bonds in '
1970¥ &nd $2,000 in l971. Lewith option of
redemption five gality approved by W. P.
Dumas,
years after their date. Bids to be of
Dallas.
on forms furnished
by the District
Hampton Roads Sanitation District
Commission (P. O. Norfolk), Vet.
Bond
Sale
—
The
$6,500,000
revenue bonds offered for sale re¬
cently
were
awarded
to
a'
syn¬
dicate headed by Glore, Forgan &
Co., of.New York, the Mellon Se;curities Corp., of Pittsburgh, and
consisting of Scott, Home r &
Mason, of Lynchburg, Equitable
Securities Corp., Estabrook & Co.,
of New York, Harris, Hall &
Co;,
of
of
Chicago, F. W. Craigie & Co.,
Richmond, Dolphin & Co.* of
Philadelphia,:.:Gruntal '
Roosevelt
Cross, both
of New
York, Cruttenden & Co., oi Chief
ago, Lobdell & Co., Mackey. Duqn
& Co.; both of New York. Macku-r
bin, Legg & - Co., of
Magnus & Co., of Cincinnati. c*°in
Bros; & Boyce, 6f Baltimore, Tripp
THE COMMERCIAL & FINANCIAL CHRONICLE
2500
&
of
Co.,
New
Walter,
York,
nearly as practicable) as will, to¬
gether with interest on the out¬
standing bonds of said bond issue,
be met and paid by equal annual
tax
levies
(which annual tax
levies, which were duly author¬
ized at said election, may be in
excess of any legal or
constitu¬
tional limitations) during the life
Alex. Brown & Sons,
B. J: Van
Ingen & Co.,
Phelps, Fenn & Co.,
cinnati, and J. G. White & Co., of Blair & Co., Inc.,
TVfew York, at a price of par, a net Union Securities Corp.,
Woody & Heimerdinger, of Cin
interest cost of
2.026%,
as
New
follows
■s-000
'
Scott &
maturing Sept. 1, 1949, as
1,
4s, $120,000 maturing Sept.
V
1950, as 3V2s, $125,000 matur¬
ing Sept. 1, 1951, as 3s, $125,000 maturing Sept. 1, 1952, as
-
2%s, $260,000 maturing $130,000 Sent. 1, 1953 and 1954, as
2*/2S, $695,000 maturing Sept.
% $135,000 in 1955 and 1956,
$140,000 in 1957 and 1958,
$145,000 in 1959, as 2V4s, and
$2,555,000 maturing Sept. 1,
$150,000 in 1960 and 1961,
$155,000: in 1962 and 1963,
$160,000 in 1964, $165,000 in
1965 and 1966, $170,000 in 1967,
$175,000 in 1968 and 1969,
$180,000 in 1970, $185,000 in
1971
and
1972, $190,000 in
;;
1973, and $195,000 in 1974, as
2s. Interest M-S.
750,000 series A, Sinking Fund
Term, bonds as
l%s, Due
Sept 1, 1974. Interest M-S.
the
Pressprich & Co.,
Sons,
4
.
Bacon, Stevenson & Co.,
FranCis I. duPont & Co.,
Gibbons & Co., Inc.,
Field, Richards & Co.,
Graham, Parsons & Co.,
Baker, Watts & Co.,
Robinson-Humphrey Co.,
1 Wm.E. Pollack & Co.,
Thomas & Co., Kebbon, McCormick & Co.,
authorized by the voters
special election to pay the
foregoing bonds by annual tax
levies upon all taxable property
was
District
said
within
in
of
excess
the normal tax limitation
imposed
school dsitricts of the State.
The approving opinion
of Burcham & Blair, of Spokane, will be
upon
furnished the purchaser.
Enclose
certified check for 5% of bid.
News and
Cowlitz
Longview Sch.
Dist. No. 122 (P. O. Kelso),
Washington
serve
Base
was
eral
over sew¬
Works
Sale—It
Bond
is
reported
by
George
urer,
were
Offering
Bond
—
Adah
Perry,
Administration
at
a
the
receive sealed
on May 21 for
purchase of general obliga¬
bonds amounting to $127,000.
$5,500,000 and complete the tion
entire $12,000,000 project.
Reve¬ These bonds
nues
of the
Commission
derived
from
charges
based
sewer
on
Bankers
Trust
will
be
to
ably be sometime in June of this
of Norfolk are acting as Trustees.
Engineers of the Commission are
WEST
West
jointly,
For $240,000, 4s,
'
$125,000,3V4s,
$125,000,3s,:
Virginia (State of)
Worth-
has
announced
holders
to
on June 1, at par and
interest, plus a premium
of 3%
of the principal amount
thereof, pursuant to the provisions
of Article II of a Trust Agree¬
ment dated Dec. 1, 1941, made by
.4
Co.,
V
McDonald & Co.,
Ryan, Sutherland & Co.,
Stroud & Co.,
C. F. Cassell &
Co.,
Charles Clark & Co.,
Fox, Reusch & Co.,
Robert Hawkins &
Co.,
Ketcham &
Nomgard,
Lyons & Shafto,
;
Kalman &
Co.;
$ McDonaldl-Moore & Co.,
;
Donald MacKinnon &
'
Co.,
Schmidt, Poole & Co.,
*
Weil, Roth & Irving Co.,
J. C. Bradford &
the
State
Road
Cpmmission and
the State Road Commissioner with
Central
Trust
trustee,
as
held
Co,,
McDougal & Condon, and
Singer, Deane & Scribner,
jointly,
For $4,000,000 2y4s, and
$2,500,000, 2.40s
™100.01
,N
,
,
vV.
on
in the
an
and will be amortized and mature
and will be payable
District,
serially,
mencing at the
com¬
end of the second
after said date of said bonds,
and in such annual amounts
year
r
-
The holders of said
private utility which
now
serves
18 counties in Wash¬
{as ington, and also to buy
up
Rock,
voters
Wis.
a
are
recent elec¬
said to have
approved the issuance of $90,000,
water and sewer system bonds.
Bonds Contracted For Purchase
L.
Clerk,
Village
Wrigley,
Hay-
don &
Co., of Madison, have con¬
to purchase an issue of
$90,000 water and sewer system
tracted
bonds. These bonds were author¬
ized at the election held
March
on
22.
CANADA
Canada (Dominion, of)
Bills Sold—An issue of treas¬
bonds will
amounting to $75,000,on April 25 at an
average yield of 0.385%.
Dated
in Charleston, or, at the option of
April 26, 1946. These bills are
the holder, at the National City due on July 26, 1946.
them
for
redemption
at
the office of the State Treasurer,
bills
ury
000
sold
was
ONTARIO
Mimico, Ont.
Bonds Offered for Investment—Harrison &
Co., Ltd., of Toronto,
and
offering for public subscription $984,000 2V2%
refunding debentures, divided as follows:
are
1952
1954
1955
3%
1957
coupon;
100.00
1958
3%
1959
3%
51,000
1960
3%
100.00
1961
3%
100.00
$48,000
50,000
100.00
52,000
45,000
47,000
48,000
50,000
51,000
30,000
v
100.00
1962
3%
100.00
1963
3%
100.00
1964
101.00
1965
101.00
47,000
Price
Amount
3%
100.00
53,000
54,000
55,000
57,000
45,000
3%
Rate
Maturity
100 00
$48,000
50,000
51,000
52,000
212%
21/2%
1956
Price
Amount
21/2%
1953
3%
Int.
Int.
Rate
Maturity
1966
3%
3%
3%
.
100.00
100.00
100.00
'
100.001
100.00
'
100.00
100.00
100.00
100.00
Denomination $1,000. Dated April 15, 1946.
set out above. Principal and interest payable at
Due on April 15 as„
the principal office
Corporation in the Town of Mimico; redeem¬
able at the option of the Corporation in reverse order of maturity/
at 100 plus accrued interest at any time on 30 days' notice. Registerable as to principal only.
Subject to the validation of the Ontario
Municipal Board.
of the bankers for the
of course,
QUEBEC
Quebec (Province of)
Advocates
Premier
of
School
lessis
has
Refunding
Debt—Premium
Dup-
the question
of provincial school debt and has
recommended
in
a
legislative
taken
up
force the situation by
refusing to authorize these sup¬
plementary grants.
Present bill would cut interest
rates
school
on
debt
from
their
present average level of around 5%
to
maximum of 3 */4%. Debt
af¬
$72
millions net. Savings in interest
version into new and lower cou¬
will probably amount to $1 mil¬
pon rate bonds guaranteed by the
lion annually and there will be
province. The bill is almost cer¬
additional sinking fund savings.
tain to become law, according to
Merits of the new bill, as far as
the Toronto "Financial Post" of
measure
April 20, which continued as fol¬
lows:
Bill 48
a
fected
is
(Bill No. 48), its recon¬
now
before the Quebec
Legislature, will also involve ad¬
ditional taxes
on
certain basic in¬
dustries—power and
pulp and
paper.
The Quebec Hydro Com¬
mission is to earmark $2.8 mil¬
lions of its earnings annually for
educational purposes. - Power and
pulp levies are expected to total
$16.5 millions annually, out of
which capital and interest on the
reorganized school debt will be
paid.
tions."
understood
income
school
for
to
bondholders
present
be
are
con¬
cerned, will rest upon how equit¬
ably the various types of bonds
are
dealt with.
Some
bondholders
have
ex¬
pressed fears that the bill repre¬
sents the legalizing of contract
violation, since the great bulk of
present school debt is non-call¬
able. But, Mr. Duplessis has an¬
swered,
the
present
situation
calls for reconversion
or
eventual
default.
Opponents of the bill point out
that the
school taxes
new
criminatory— being
particular
companies,
power
are
asked
kwh.
to
which
Present
are
imposed
industries.
dis¬
on
Electric
for
instance,
150 per 1,000
they must absorb.
pay
tax
revenue
from pulp
companies amounting
to some $500,000 annually will be
increased by imposition of an ad¬
ditional stumpage of 150 per cord
and
paper
of wood cut
Heretofore,
bonds and debentures came out of
It is the District's plan to pur¬
chase the
the
Co. of Charleston,
original of which is
Dec.
approved by a major¬
ity of the Commissioners of the
Lone
Bonds Voted—At
tion
City of Charleston.
present
of build¬
bond issue
by Chapman & Cutler of Chicago,
file in the office of the trustee
on
trict—Judge W. L. Brickley of the
WASHINGTON
Superior Court of Skagit County
Adams County, Ritzville Consoli¬ held recently that the above dis¬
trict may acquire and operate
dated Sch. Dist. No. 160-67
The Quebec Municipal Com¬
properties, water of electric utilf
(P. O. Ritzville), Wash.
mission will decide what school
Bond Offering—Maude A. Thiel, ities, outside of its boundaries, bonds are in
default, and what
and: ordered tfeDistrict's Secre
County Treasurer, will receive
the new rate of interest will be.
sealed bids until 5 p.m. on May tary, John Wylte tO Sign a $135>Under the bill the Commission
000,000 bond issue-Tor the pui^
23 for the purchase of
$250,000 chase of
declare
in default any
4he| Puget Sound Power "may
school bonds, not exceding 3% in¬
school
corporation incapable in
and Light Co. holdings
terest. Dated May 1, 1946. Denom.
the judgment of the Commission,
The test case was brought when
$1,000. These bonds were author¬
Mr. Wylie refused to sign the of meeting its financial obliga¬
ized at an election
15, 1945. Said bonds will run for
a
period of 20 years after date
$15,000 from April 1, 1952 to 1961
inclusive. Legality to be approved
has announced that Hawley,
County, Tacoma Sch. Dist.
(P. O. Tacoma), Wash.
Purchase Test Case Won by Dis¬
ligations of the Town.
Company of Milwaukee
offering for general investment
—C.
*
t
is
of
"
Otis &
^
Public—The
to
redemption
2 y2%
of
Offered
accrued
1951
Sale—An issue
(P. O.
Mauston), Wis.
Dec. 1, 1941, are called for
21/2%
Bond
Juneau County
ington, State Road Commissioner,
1950
Virginia and Hawkins, tion, of San Francisco, First Na¬
tional Bank, of Portland, Stran¬
,
$130,000,2y2s,
Delafield & Wood, New York.
$130,000,2i/4s, aind
ahan, Harris & Co., Inc., of To¬
Woodstock, Va.
$5,750,000,2s,
100.0005
ledo, Foster & Marshall, Pacific
Bond Sale—The $60,000 water
Northwest Co., Bramhall & Stein,
Other offers were as follows:
and sewer refunding bonds of¬
all of Seattle, and Fordyce & Co.,
■i
Bidder!/
•
^"
Price Bid fered for sale on
April 30 were of Portland, as l%s, at a price
Blyth & Co.,
awarded to F. W. Craigie & Co., of
100.07, a basis of about 1.743%.
First Boston Corp.,
of Richmond, as 1.20s.
Interest Dated May 1, 1946. These bonds
Harriman Ripley & Co., Inc.,
J-D.
The
next
highest bidder are due May 1, as follows: $88,Smith, Barney & Co.,
was Scotjt,
Horner & Mason, for 000 in 1948, $89,000 in 1949, $91,Lazard Freres & Co.,
l%s,
The
bonds
are
dated 000 in
1950, $93,000 in 1951, $95,Kidder, Peabody & Co.,
June 1, 1946.
Due $3,000 from 000 in 1952, $97,000 in 1953. $99,Lee Higginson Corp.,
June 1, 1947 to 1966. Rate of in¬
000
in
1954, $100,000 in 1955,
R. S. Dickson & Co., and
terest to be in multiples of y4 or
$103,000 in 1956, $104,000 in 1957,
Schoellkopf, Hutton &
one-tenth of 1%, and must be the
;
$107,000 in 1958, $109,000 in 1959,
Pomeroy, jointly,
same for all of the bonds.
Prin¬
$111,000 in 1960, $113,000 in 1961,
.For $240,000, 4s,
cipal and interest payable at the $115,000 in 1962, $118,000 in 1963,
;
$125,000,3i/4s,
Central Hanover Bank & Trust
$120,000 in 1964, $123,000 in 1965,
$125,000, 2y2s,
Co., New York.
Registerable as and $125,000 in 1966. Legality ap¬
$3,200,000, 2.20s,
to principal only. The purchaser
proved by Preston, Thorgrimson,
$935,000, 2.10s,
must pay accrued interest from
Horowitz & Turner, of Seattle.
\X: $750,000 3s,I and
the date of the bonds to the date
The only other bidder was the
1,000,000, 2s
-100.00 of delivery. The successful bid¬
State of Washington, for l3/4s, at
der will be furnished with the
Stranahan, Harris & Co., Inc.
/
a price of par.
John Nuveen & Co.,
opinion of Reed, Holt & Wash¬
A. C. Allyn & Co.,
Skagit County Public Utility
burn, T of New York, that the
District, Wash.
bonds are valid and binding ob¬
Stifel, Nicolaus & Co.,
<•
eral
VIRGINIA
Bond Redemption—E. L.
certified
ing construction bonds amount¬
Aldrich and Buck, New York, ing to $2,000,000 was awarded re¬
and Greeley and Hansen,
Chi¬ cently to a syndicate composed of
the National Bank of Commerce,
cago.
The issuance of the bonds
is subject to the approval of legal of Seattle, Bank of America Na¬
tional Trust & Savings Associa¬
proceedings by the Attorney-Gen¬
J
maturity. Dated April 1, 1946. Due
year.
2H%
No.
,
$150,000 1V2% highway improve¬
ment bonds at prices to yield from
0.60%
to
1.00%,
according tof
21/2%
Pierce
./
WISCONSIN
the State Supreme Court for final
determination
which will prob¬
check for 5%.
Co., New York,
after June I, 1946.
accrue
Wisconsin
1949
meter
before •>
or
It is expected that Judge Brickley's decision will be appealed to
1948
a
to
Bonds
15 years.
due in
Enclose
on
said first day of June, 1946./:
Interest on said bonds will cease
bonds.
No bid for less than par and ac¬
are
New York,
Bank,
1986, part serial and part term
21/2%
crued interest.
and National Bank of Commerce
Nashville Securities Co.,
electric
trict and would mature from 1946
readings.
>
and
would be
1947
service
water
operating
service these
The $135,000,000 bond is¬
an obligation of the
Skagit County Public Utility Dis¬
sue
County,
facilities already construct¬ City Clerk, will
being constructed by Fed¬ bids until 8 p.m.
cost of
Kirchofer& Arnold,
-V Widmann&Co.,
-,
the
cities
will also
It will take
now
and
water
dated
Secord, County Treas¬
that $200,000 school bonds
purchased by the State of
dum of the voters of the area, for
Washington on April 13, paying
the purpose of providing sewage
par for 2s.
disposal facilities to relieve the
Pasco, Wash.
pollution of the waters of Hamp¬
erage
ed or
Eldredge & Co.,
/
100.00
The Commission
ton Roads.
Daniel F. Rice & Co.,
which the bidder will
with
power.
pre¬
at said
Operating
Naval
and
counties
bridge revenue bonds of the above
State, for account of project No.
6, that bonds Nos. 731 to 1,300,
and
appointed by the Governor of Vir¬
ginia in 1941, following a referen¬
Hornblower & Weeks,
i
huge
it
interest
properties
15
districts
stitution and Statutes of the State
for
and
at Norfolk.
highest bid was:
Halsey, Stuart & Co.,
Shields & Co.,
,
Roads
of
in
purchase said bonds at par. The
District is empowered by the Con¬
neighboring territory on both the
north and south shores of Hamp¬
ton
numbering,
(b) The lowest rate of
or
interest at
a
approved at the
election held in July 1942. The
their
of
rate
bonds;
reoffered
of Norfolk and Newport
order
lowest
The District includes the
This issue was
Geo. B.
bonds
re¬
mium, if any, above par, at which
such bidder will purchase said
Public—The
to
bidders
District
right to redeem said
any of th'em, in the in¬
highest numbers first, on any in¬
terest payment date, on and after
May 1,1951. Bidders are required
to submit bids specifying: (a) The
general invest¬
ment at prices to yield from 1.00%
to 2.00%, according to maturity.
1, 1974. Interest M-S.
f
Mason-Hagan, Inc.,
Davenport & Co., and
Crouse, Bennett, Smith
& Co., jointly,
For $240,000, 4s,
$125,000, 3%s,
$125,000, 2%s,
$130,000, 2%s,
$130,000, 2V4s,
$695,000; 2.20s,
$2,555,000, 2.10s, and
$2,500,000, 2s
(Net interest cost 2.103%.)
above
1,000,000 series C, Sinking Fund
Term, bonds, as 2s. Due Sept.
E. H. Rollins &
bonds, or
verse
The
bonds.
the
serves
Corp.,
Offered
said
of
Coffin & Burr,
First of Michigan
Bonds
series B, Sinking Fund
Term, bonds, as l%s. Due
Sept. 1, 1974. Interest M-S.
R. W.
Stringfellow,
Investment Corp. of
Norfolk,
Paine, Webber, Jackson
& Curtis,
Braun, Boswo.vth &
Co., Inc.,
successful
750,000
next
York,
Goldman, Sachs & Co.,
$4,000,000 Serial bonds. For $120,-
utility
Monday, May 6, 1946
on
Crown lands. Also
affected by the new taxes is the
Aluminum Co. of Canada, largest
of electricity in the province.
Estimates are that its earnings
user
real
be
estate
taxes,
supplemented
public "bounties."
and
by
had
to
provincial will be
Could, $777,000
Mr. Duplessis
adversely
a year.
affected
:
r
by
:
X*
@FedFRASER